Latest / Simply Bitcoin / BREAKING: SEC Stops BlackRock Bitcoin ETF | EP 771

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BREAKING: SEC Stops BlackRock Bitcoin ETF | EP 771 · Simply Bitcoin

0:06
Yeah, welcome to Simply Bitcoin live.
0:09
We are your number one source for the peaceful Bitcoin.
0:13
Revolution cover, the breaking news culture Matic Warfare we
0:16
will be your guide through the separation of money and state
0:19
today is June 30th 2023 and it seems like our friends over at
0:26
the SEC. And we got a lot of flak this
0:30
morning for the for the title, we put the SEC rejected, the
0:34
BlackRock ETF, that's not true. So we did change the title, we
0:38
appreciate the plebs and the bitcoiners in the in the chat
0:42
for giving us that feedback and get and keeping us honest.
0:46
So we change the title to the SEC stops, the BlackRock ETF,
0:50
which a lot more appropriate, but at the same stuff is at the
0:54
same time, you know, you need to put some click bait in there,
0:57
bro. This is I don't make the rules.
0:59
I don't make the rules, you know, anyways, it is YouTube.
1:05
That's just that's just, that's just how things work man.
1:07
That's why the altcoin channels. Get so many clicks and stuff
1:10
like that because I don't know. They just don't care whatsoever.
1:13
Whatever it takes to get views. Anyways, so that's the breaking
1:17
news. We have the Wall Street Journal
1:18
article, we're going to cover all of that.
1:20
Today, we're also going to be covering an article, it released
1:24
on the financial times. Which Opti rightly so calls the
1:28
Times. And in that article, they're
1:32
making the case for digital currencies in Europe and some of
1:38
their, you know, reasonings. And and all that is, just
1:41
absolutely hilarious. It's just total COPE in my
1:44
opinion. So we're going to cover that and
1:47
then follow up because we did cover.
1:49
This slightly on yesterday's episode Nigel farage and how he
1:54
got D banked. And, you know, Nigel farage was
1:57
behind The brexit movement, and he has some contrarian beliefs,
2:04
and he has a quite a big of a platform and they'd be banked
2:08
him for it. And, but but here's the thing,
2:11
you know, and he was complaining and Beauty on said it perfectly
2:14
in that tweet that he came out with yesterday that we read you
2:17
guys in yesterday's episode. Look, I think it's time to stop
2:22
complaining. It's time to take action, right?
2:25
It's time to take agency, you know.
2:28
If you're upset with the current Financial system, I am, right?
2:33
Look, if it wasn't impossible to run a business on a Bitcoin
2:38
standard at the moment, I would be everything would be on a
2:41
Bitcoin standard my individually.
2:43
I'm on a Bitcoin standard, you know, because from, for two
2:47
reasons like ideological reasons, like, I know that I'm
2:51
holding money that when I take it into self custody, that
2:54
actually belongs to me. It's not an IOU and for The
2:58
other reason is, you know, I truly believe that the world
3:01
would be a much better place a much more fair place a much more
3:05
Equitable place. If you know, if we're right
3:09
about Bitcoin and Hyper Bitcoin ization happens and that we, you
3:13
know, we pull off what we fight for every single day and of
3:17
course, this isn't a kinetic War, this is information trench
3:20
warfare. So, when when I say fight, I
3:22
mean winning over the hearts and minds.
3:25
I think that the World would be a much better place for us for
3:32
the future Generations. If we accomplish separating
3:36
money from State and the reason is simple, no man doesn't matter
3:41
who you are, no group of men should have the privilege and
3:45
the power because come it's not only a privilege is power that
3:48
comes with it of being able to create money for free that
3:52
everyone else has to work for anyways.
3:55
No more delay. Let me bring up my legendary.
3:58
Host, always optimistic. Always in a good move.
4:01
Always the smile on his face. He he came out with a Christine
4:06
Lagarde. Meme this morning cap.
4:09
No, it was like a central bank, digital currency Meme and like
4:13
are you and Christy? Okay, you guys fighting back
4:16
together. Still talking.
4:17
What's going on their dog? I ghosted her but she hit me up.
4:21
So I gotta Drake meme, saying the classic Central Bank,
4:29
digital currency at Central Bank, digital control.
4:33
No, I didn't talk to her, bro, I blocked her number.
4:35
Come on, quit, trolling me in the chat, you know, I'm gonna
4:40
leave that one. All right, all this stuff is
4:43
well and good over here. Like, who cares about this ETF?
4:46
I want to talk about our guest today.
4:49
I'm bringing our buddy up on here.
4:51
Rope AKA R opium, everyone's favorite Nemer every wait,
4:57
everyone. Favorite memes that they steal
4:59
from rope. He's on the show.
5:02
Today, I'm happy to have rope. I think, I think you guys are
5:05
going to like this Rabbit Hole story and how you got into memes
5:07
and then and then I'm going to troll him out a little bit.
5:09
Because, how else would I deal with one of our favorite ship?
5:12
Posters on Twitter, if it's not a bunch of trolls.
5:15
So, how you doing this morning? Rope doing, great doing good?
5:19
Everything's going well for me more.
5:22
Happy to be here. Happy to have you on the show,
5:24
brother. It's been a while.
5:25
I don't think this is the first time, right.
5:28
Correct. Yes, sir.
5:29
Perfect. Absolutely will do now, he's
5:31
official. Yes, sir.
5:31
It's official, welcome. Welcome on by Southern gentleman
5:35
manners. I have to.
5:36
It's yes, ma'am. No sir.
5:37
It's I like it. I like it.
5:39
I like it. It's a good way, man.
5:41
It's shows respects. It shows respect, I do bear
5:44
apologizing for stealing your memes already.
5:47
In tears will take you places where hard work.
5:50
Can't beautiful. You hear that?
5:52
That's his signal, that's them. Wow.
5:54
Like that's something my mom would to.
5:55
I feel like that's something up. These mom would tell that the
5:57
lat Tomorrow, a lot of Mom's is they know.
6:00
So something they'll say something like that.
6:02
Anyhow. There's nothing like some wisdom
6:04
for rope. There's nothing like that
6:06
southern hospitality. Anyways, anyways, everybody no
6:09
more delay. Let's jump straight into the
6:11
show. We got a hell of a show lined up
6:12
for you guys. Let's jump into it.
6:17
The Bitcoin numbers brought to you by novel.
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It's not going to be in Miami this year and it's going to be
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You definitely don't want to miss it opting.
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I have, we went to bitcoin 2023. We had a great time Opti Opti
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was born. He he endured he went through
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his first Crucible fire. He was on the analyst desk, I
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was nervous. I was telling us Opti you've got
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it, and then absolutely Abdi absolutely killed it.
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It was just a great old time. We got to meet so many of you
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guys in the flesh. We really appreciated it guys.
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If you want it cause a lot of us hang out on bitcoin Twitter,
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right? But you can't like replace the
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human element. Like you can't just, you can't
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do that over cyberspace. So, you know, Bitcoin
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conferences are some of the Best opportunities to meet, you know,
7:46
these friends that you've created online fighting the
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peaceful Bitcoin Revolution. And the Bitcoins 2024 conference
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is definitely one of my favorite conferences of the year.
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8:10
Seems like Clark Moody is is down for Day.
8:13
So we're going to be using a different different dashboard.
8:19
And shout out to sea. See absolute legend for
8:22
developing. This is called the time chain
8:24
calendar. For anyone who doesn't know
8:26
we're going to go through some some, some different stats,
8:29
right? Some different sat, it's
8:31
different stats that we usually don't go through.
8:34
So first, let's start off with the block height.
8:37
The block height is 790 6585, the epoch we're The fourth
8:44
Epoch, the current block subsidy is 6.25.
8:47
This going to be cut in half of in run in April of next year.
8:51
Roughly the current supply of Bitcoin is 19 million .42 sorry
8:56
19.4 2 million. Basically, ninety two point
9:00
forty six percent of the total Supply.
9:03
The SATs per US dollar is currently at 3323 and the
9:08
current exchange rate of Blick of Bitcoin.
9:11
It fell down to fell about Out a thousand dollars due to the
9:14
BlackRock ETF news breaking. It's currently sitting pretty at
9:19
30,000 $89 and the average blocked.
9:24
I'm currently is nine million nine, nine minutes and 25
9:28
seconds which tells me that there's more minor than Bitcoin
9:32
miners are going online. So that the hash rate, hash rate
9:35
will continue to go up. The next difficulty adjustment
9:38
is going to be six point four, four percent and the current
9:41
hash rate is 300 And 68 x. Two hashes, bullish, bullish,
9:46
bulldozers. Currently there's currently
9:48
291,000 on confirmed. Transactions in the mempool.
9:54
So if you guys haven't checked out this site, definitely check
9:57
it out. Time, chain calendar.
9:58
It's a different look. Compared to Clark Moody's and
10:02
we're also going to check out ants dashboard as well, which I
10:06
think is really interesting, but for today we couldn't access
10:09
Clark Moody. So of course, you know,
10:10
bitcoiners or just, you know, Owners are always building and
10:14
there's so many good so many good resources that we can use
10:17
for the numbers anyway. So I kind of want to double back
10:20
on what we were talking about yesterday about Nigel farage.
10:23
So, Nigel farage was the main proponent of the Brit exit,
10:29
which was very unpopular with the continuing are class.
10:35
You know, they they're a big fan of this globalist movement and
10:41
this person Is against that and he is getting according to him.
10:47
He's getting politically persecuted.
10:50
He has been debunked. He's having a hard time.
10:54
You know? Finding other banks that would
10:56
take his business. Apparently they have given him.
10:58
No explanation or recourse. We covered this yesterday Beauty
11:03
on. Did this beautiful tweet
11:04
covering as and I agree with Beauty on, right?
11:07
Which is look you can complain and before Bitcoin you were kind
11:12
of screwed. Rude but now Bitcoin just opt
11:14
out it's going to be slightly uncomfortable.
11:16
Like make no mistake like living on a Bitcoin.
11:18
Standard is not easy at the moment, you know, there's
11:21
awesome, Bitcoin companies like the Bitcoin company that make it
11:24
easy to live off your Bitcoin. Of course, there's a multitude
11:27
of exchanges, you know, where you could, you know, if you're
11:29
in a pinch, you could sell your Bitcoin even though we don't
11:31
recommend that. So it's a dollars and then use
11:33
those dollars to like pay for / stuff, but we can go says, is
11:37
the best advice in my opinion, stay solvent.
11:40
You know what, though? The last thing you want to do is
11:44
sell your Bitcoin. But you know, Nigel that I know
11:47
that a Bitcoin Amsterdam. You were you.
11:49
I think you were you had a talk and you definitely said that.
11:53
Look, I understand this. This Bitcoin thing is Bitcoins
11:57
Freedom money. The government can't control it.
11:59
So this is your opportunity. This is your opportunity.
12:02
Use your platform to push the peaceful Bitcoin Revolution.
12:06
And you know, there's never been a more pressing time because
12:10
they're trying to get rid of cash and this is what I want to
12:12
cover. Were today it during the numbers
12:14
segment, right? So they're trying to get rid of
12:16
cash everywhere. It's not just, you know, it's
12:19
not just in the United States that they're trying to get rid
12:22
of cash in New York City. For example, you can't pay with
12:25
cash, you're forced to pay with debit card France, you know,
12:30
makes it illegal to pay. There's our headline article for
12:32
anyone who's listening to this. It is illegal to pay over 1,000
12:37
Euros in cash. 15,000 maximum cash payments for non-residents.
12:42
So Your resident. You can only pay a thousand
12:45
dollars Euros. Maximum, if not.
12:48
It has to be an electronic payment.
12:49
Why? Why does it have to be an
12:51
electronic payment? Well, it's a lot easier for them
12:53
to for them to know exactly what's going on to control the
12:57
money Flows at the end of the day.
12:59
And then, now, that I've said that, do you see how
13:02
incompatible Bitcoin is with their system?
13:06
That's that, and I think eventually that's going to come
13:08
to head. There's going to be a clash
13:10
there as more and more people choose to opt out.
13:12
Out, which is this is already. This phenomenon is already
13:15
happening in the in the I was about to say third world but in
13:18
developing countries. Better said I think that their
13:24
their ability to impose these. These these controls is our is
13:29
going to be severely diminished, to be honest.
13:32
So you know, I don't, I don't know, I don't know what their
13:36
we're going to. They're going to plan to do.
13:38
I suspect that they're going to react in a hostile manner,
13:41
right? Because I just think the two
13:43
systems are incompatible in my opinion anyways and this not
13:48
just happening with Nigel farage is not just happening in in it's
13:53
not just happening in France. This is a Reddit post and shout
13:56
out to be our etc' archive for taking a screenshot of this.
13:59
He goes on to say the withdrawal of cash refused because
14:02
withdrawal of cash refused because I wouldn't tell them
14:05
what's it for and this is a Reddit post from an anion and it
14:09
goes on to say, Can someone tell me what to do here?
14:12
I'm trying to To draw 10K in cash from my Halifax account,
14:16
and after an hour and a half of what can only be described as an
14:19
interrogation, asking me what I intended to do with the money, I
14:24
am being coerced into withdrawal, the bank into
14:27
withdrawal. The bank said that they are not
14:29
happy to. Let me draw the money out and
14:32
refused my request. So and then this kind of goes
14:36
back to a tweet that you know that has resonated with a lot of
14:41
people on Twitter. Which is if you have to ask
14:44
someone else for permission to use your money, then it truly
14:48
isn't really your money, right? So, you know, this illusion and
14:52
and I get this person's confusion right?
14:54
Because he goes there and he's like okay this is my hard-earned
14:57
money. I'm putting in a bank bank
15:00
please you know, please give him my hard-earned money so I could
15:03
spend any. I just need it in cash in the
15:05
bank says no. Right.
15:07
So think about that for a second, that is his money.
15:12
He worked for it. But the bank is telling him how
15:16
he can and how he can't use his money.
15:21
And then connect that with Nigel farage and then connect that
15:23
with the news coming out of France.
15:26
This is why I say and I'm not hyperbolic.
15:29
When I say it hyperbolic when I say it, it is Bitcoin or
15:33
slavery. This is the world that they want
15:36
us to live in a world where a bureaucratic Elite get to
15:40
control the money flows. Get to control the money supply
15:43
get to in, get to control who's entitled to use money, who's not
15:48
entitled to use money with the current, you know, sanction,
15:52
sanctioning regime system. And what the world of bitcoiners
15:57
are advocating for is a world of peace prosperity Freedom where
16:03
no man has the ability to control the money flows where no
16:06
man has the ability to create money for free where no man has
16:09
the ability to censor. Another man and tell another
16:13
man, what he can and cannot do with their money.
16:16
But this only works if you take Bitcoin into self custody, if
16:22
you don't take Bitcoin into self custody you find yourself in a
16:25
very similar situation that this then this gentleman from the UK,
16:29
You say, hey mr. Exchange can I have, you know,
16:34
can I have my Bitcoin or like? Yeah, 99% of the time, they'll
16:39
probably say yes. But sometimes they'll say no,
16:43
but when you have Bitcoin itself cussing, you're doing it
16:45
properly, you don't gotta worry about that.
16:48
So the writing's on the wall, they're trying to get rid of
16:51
cash, you know, don't don't, don't fall for for that, that
16:57
that BS. Don't do it.
16:59
You know, take take, take a little bit of time, learn some
17:03
personal responsibility and learn how to take Bitcoin into
17:07
self custody. It's not that hard.
17:09
And shout out to, you know, a brother of ours BTC sessions.
17:12
He's dropping some amazing tutorials.
17:14
He literally, you could literally ask YouTube how to
17:17
take Bitcoin into self custody. He'll walk you through the
17:19
entire freaking process. You do not have an excuse at
17:24
this point anymore. And before, you know it, you
17:27
might find yourself in a situation like this.
17:29
Gentleman, trying to withdraw cash in the UK or even worse.
17:33
Like Nigel farage, who's been completely debunked because of
17:37
his political Viewpoint. Anyways, Opti, what are your
17:40
thoughts? And then we'll move on to rope.
17:42
Yeah. Well, first and foremost, the
17:44
field cartel are the best marketers for Bitcoin.
17:47
They just, you know, they on Bank the bank and then hopefully
17:50
they wake up and they go into Bitcoin.
17:52
So the Streisand Effect happening in real-time love to
17:55
see it, but on the Nigel news, I don't know if I said, This
17:59
yesterday, but imagine talking at a Bitcoin conference and not
18:02
having any Bitcoin, like can't relate.
18:03
I mean, actually I lost all of mine in a boating accident.
18:06
So I also have no Bitcoin and I just talked about Bitcoin every
18:09
single day, but the cashless Society is coming sooner than
18:12
people would want to believe. Remember, we are in the last day
18:16
of June and allegedly fed now is coming next month.
18:19
So hello guys. It's here.
18:22
Welcome to the cashless society that they want for you and then
18:26
let's not forget about China. They've already rolled out.
18:29
Central Bank, digital control mechanisms.
18:31
So I think a lot of people don't realize and then furthermore,
18:36
like, I don't know about you. But hey, look.
18:38
I use I use a card most of the time like it's already basically
18:41
cash this where I am for the most part I hardly ever see
18:43
cash, but to your point, you know, I'm a double down a little
18:49
a little harder than you did Nico.
18:50
Like it's not your money when you give it to your bank, it's a
18:52
loan that you gave to that bank and they can go do whatever they
18:54
want with that money. As we saw in 2008 as we saw this
18:59
last, Year, the banks are bigger degenerates and shit Corners out
19:03
there and they trade away all your money and then say, oops,
19:05
he's, you know, it's fdic-insured.
19:07
Will just print some more money. So again, I think I said this
19:10
yesterday or maybe a couple times this week, don't leave
19:13
more money in the bank than you're willing to lose.
19:15
I know, I am like a caveman with the idea of like, keep your bed,
19:20
are your bank, your money, under your bed, but that seems like,
19:24
legitimately the safest place for your money.
19:26
I know you guys want to get some kind of interest on your Money.
19:29
But like there's not much money that they're giving out for you
19:35
and the liabilities. I don't know if it's worth it.
19:38
Man, you're going to give your bank your entire savings.
19:41
They're going to lose it all and they're going to what offer you
19:43
like .5 percent or something ridiculous for them to hold your
19:47
money? I don't know.
19:48
It seems like a scam but, hey, maybe I'm an extremist.
19:50
I'm the big corner where it's like, yeah, I don't know that
19:53
that doesn't feel like a good deal but, you know, again, maybe
19:57
I'm so far down the rabbit hole that I understand taking my
20:00
money into self custody is the best way moving forward because
20:04
I don't have to trust people. It's very simple, but then
20:06
again, I've had a piggy bank, my whole life.
20:08
So maybe I've just been primed for this, you know, I always
20:11
take my money into South custody and I've never trusted Banks
20:14
since I was like 13. So maybe I was born a big
20:17
corner. I don't know.
20:19
Anyways. Yeah, dude, I mean, you know,
20:22
maybe maybe maybe was always out maybe there were so always
20:25
something there. Anyways guys, help.
20:29
Smash that like button. Help us get to 100 likes by the
20:32
end of the video. We've been on a roll, we've been
20:34
able to do that. The last 56 days.
20:36
Thanks to you guys to smash that like button.
20:38
Smash It smash. The boom, right.
20:41
Anyways. Rope, what are your thoughts on
20:44
on opt? He's comments.
20:47
A couple things so I haven't really been keeping up with
20:49
that. With the Neal story is kind of
20:51
news to me, but the cashless Society is for sure coming.
20:54
Just like from my own personal experience, I'm like, a lifetime
20:57
restaurant worker. I grew up in one, I started
21:00
cooking it one at a young age and then I moved on to serving,
21:03
you know, 2016 15. I would get my credit card tips.
21:07
At the end of every shift, I would go To the register,
21:11
whoever the manager and they would give them to me instantly
21:13
and cash is so little, you know, minimally use these days where
21:19
the one I'm working at. Now if I don't get my credit
21:23
card tips, I only get cash if somebody pays in cash so I'm on
21:27
like a little too weak, you know, pay schedule for them.
21:30
So it's already trending that way as far as the the under the
21:37
mattress comment. Yeah, it's definitely I like The
21:40
idea of cash, I understand that the dollar, the Euro, whatever
21:42
is this? It's a shit going, but for like
21:45
instant Anonymous payment, I still like that idea.
21:48
Obviously there's things like lightning that it's, it's coming
21:50
along, but, you know, I wouldn't say that's ready for for
21:54
widespread use by any means, but the idea of cash is still
21:59
attractive to me for, for just the the reasons that I listed.
22:04
I don't hold a lot of it, you know, I'm like, Opti I use debit
22:07
card for pretty much anything. But it's definitely coming and
22:11
it's kind of weird to when I can remember talking about this to
22:15
my friends and family and like 2010 or 11, and still 10-15
22:21
years later, it's still going that direction.
22:25
Yeah, 100% 100% man and you have an on-the-ground experience of
22:31
this, right? So like you're seeing it
22:33
firsthand, this isn't, we're not just getting the information
22:36
from, you know, news sources and articles or whatever.
22:39
This is something that you've actually experienced yourself,
22:42
right? So and I think that is a, are
22:45
you guys cracking up? I'm trolling rope in the chat.
22:49
We should pull it up, man. Knows it going on.
22:52
That wasn't going to the doctor, dr.
22:57
Jeff Ross in the chat. Hey dr.
22:59
Ross, how you doing? Always happy to have you, man.
23:02
He's love love when, dr. Ross comes on simply Bitcoin IRL
23:06
and drops those truth bombs. Anyways, everybody.
23:10
No more delay. This jump straight into news.
23:12
We got a tremendous amount to talk about.
23:14
Let's check it out. The Daily News, The Daily News
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layer for Bitcoin, as crazy as that sounds without the people.
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Bitcoin is just ones and zeroes. Bitcoin is the people Bitcoin is
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you it's me it's Opti it's a Toshi dr.
24:12
Ross its rope, download the orange pull app for iOS or
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Android and connect with other big.
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There's in real life today. Find other bitcoiners that live
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search for other bitcoiners, right?
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and you can even pay in SATs, download the orange pole app
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today. Anyways, everybody, we got a lot
24:43
of news to talk about. So first, let's start off with
24:46
With the breaking news, the SEC says spot, Bitcoin, ETFs are
24:54
inadequate, but before you put your panties in a bunch.
24:57
Speaking of dr. Ross and this is totally a
24:59
coincidence Opti recommended me to pull up his tweet to give a
25:02
little bit of context dr. Ross said if you're in the Pro
25:07
spot Bitcoin ETF Camp then this - headline is probably good news
25:12
disguises. Bad news, Eric above Bellucci I
25:17
said, hold up a second, this isn't as bad as headline.
25:21
The key paragraph is deep in the story.
25:23
Basically SEC wants them to name the crypto exchange and give
25:28
them more details on SSA. That's understandably.
25:32
That's understandable arguably. Arguably, good news.
25:35
I was under the impression they would have to update that as
25:38
well. Here is the full Wall Street
25:41
Journal article. Will check that out as well.
25:44
Here's the headline sec. Says spot Bitcoin ETF filings
25:48
are an inadequate when this news broke it led to the price of
25:53
Bitcoin to literally fall, a thousand dollars, very, very
25:56
quickly. It would hit 31,000.
25:58
This morning fell back down to 30.
26:01
Now it's back up to 30,000 275 they don't call it the Bitcoin
26:04
roller coaster for no reason. Anyways, the article goes on to
26:07
say the Securities and Exchange Commission.
26:09
Also known as SEC, said a recent wave of applications filed by
26:14
asset managers to launch spot Bitcoin.
26:16
Change traded funds are inadequate according to people
26:19
familiar. With the matter, the agency
26:21
informed exchanges, NASDAQ and sibo.
26:24
Global markets, which filed the applications on behalf of asset
26:27
managers, including BlackRock and Fidelity Investments that
26:31
the filings aren't sufficiently clear.
26:32
And comprehensive, the people said, prices of Bitcoin and
26:36
other cryptocurrencies, ated stocks have surged since
26:38
mid-june, when Black Rock filed paperwork, paperwork with the
26:42
SEC for an ETF, that holds actual Bitcoin, the
26:45
cryptocurrency has climbed about 20% Rising threat, Rising above
26:50
30,000 for the first time since April shares of coinbase, which
26:54
is listed as a custodian. For the BlackRock funds Holdings
26:58
have soared more than 30 percent over the same period, a wave of
27:01
traditional and crypto asset. Managers followed in black
27:05
rocks, footsteps, Fidelity Investments, Kathy would Kathy
27:08
Woods Arc investment management and vesco wisdomtree bit wise
27:13
ass Asset Management. Valkyrie all react.
27:16
Needed or amended their applications for a spot Bitcoin
27:19
ETF in recent days an ETF that tracks the actual price of
27:23
Bitcoin would Mark a watershed moment for the industry because
27:26
it would provide wider access to the cryptocurrency.
27:29
It would allow investors to buy and sell Bitcoin through a
27:32
brokerage account as easy as easily as shares of stock.
27:36
Now here's the that paragraph is from the paranoid Bitcoin, her
27:42
perspective, right? Caitlin Long warns about This
27:46
all the time, the dangers of rehypothecation, right?
27:51
And what I don't want to happen, is yes, and unfortunately
27:55
there's a lot of people that just they open their Robin Hood
27:58
app and they're like, oh, I have exposure to bitcoin at have the
28:01
BlackRock ETF. Yeah, that's fine.
28:05
You know, number go up, but do they really own that Bitcoin?
28:09
Remember what we covered in the in the very beginning about the
28:12
bank? What are you going to do with
28:14
that? Do you really own that Bitcoin?
28:17
Not to mention the manipulations, not to mention
28:19
the influent? The more influence at this is
28:21
going to give BlackRock more than they already have.
28:25
So it's like this is Bittersweet.
28:27
Like yeah, might make the price go up, but the revolution is
28:30
only possible. If enough people take self
28:35
custody enough, people take self custody, there's nothing they
28:38
could do, and we'll win this thing, you know.
28:41
But you'll know that some a lot. It's a lot of people especially
28:44
the older Generations that have been living in the Fiat Matrix
28:47
from the majority of their lives.
28:48
They're going to, they're going to say, hey look, I could just
28:50
buy this on my Charles Schwab account.
28:52
Like why do I need to, you know, go through the hassle of side
28:57
creating an account with Swan or creating through an account with
28:59
strike or cash app or you know, one of the Bitcoin or You know
29:03
or coinbase if you like shit, if you like trick coin, casinos,
29:06
whatever, you know, whatever floats your boat.
29:08
Why am I going to go through the hassle of doing that?
29:10
If I could just buy, you know exposure?
29:13
I could just buy the BlackRock ETF which is going to give me
29:16
exposure to bitcoin out, even have to change anything.
29:18
So it's a Bittersweet moment, there's pros to it and there's
29:21
cons to it. Anyways, it goes on to say the
29:23
SEC has repeatedly rejected, such funds going back to 2017 on
29:28
the grounds that they are vulnerable to fraud.
29:30
And Market manipulation, at least half a dozen ETFs that On
29:33
bitcoin features are already on the market.
29:35
Investors and analysts viewed the bid by the world's largest
29:38
money manager as the best, hope for a spot Bitcoin ETF, partly
29:42
because of it because of its near-perfect near perfect
29:48
record, seeing application applications through some
29:52
industry. Watchers predicted that black
29:55
rocks, filing would appease the scc's concern, through an
29:58
agreement to share surveillance of a spot Bitcoin trading
30:02
platform with NASDAQ which would list the ETF, yet the SEC told
30:07
the exchanges that it returned the filings because they didn't
30:10
name the spot Bitcoin exchange with with which they are
30:14
expected to have quote, a surveillance sharing agreement
30:17
or provide enough information about the details of those
30:20
surveillance agreements asset. Managers can update the language
30:24
and refile a CBO spokesman said it plans to update and refile
30:29
NASDAQ. And the SEC declined to comment
30:32
representatives for Croc Fidelity Invesco wisdomtree Arc
30:36
Investments declined, to comment as well, representatives for
30:39
bitwise and Valkyrie didn't respond to requests for comment.
30:43
So It's interesting because the there's a new show that Swan
30:51
dropped on Monday called the Nakamoto portfolio.
30:54
Gauntlet in that show, we had Greg Foss, I was producing in
30:59
the background. We had Greg Faust, we had joão
31:01
Carlos. Sorry, we had Elliot Johnson, we
31:07
had Dom hosting it. We have Alpha Zeta part of swan
31:11
as well and during that conversation from my
31:15
understanding Elliot Johnson. In which is the founder of
31:18
evolve ETF, which was Canada's first Bitcoin ETF, from my
31:22
understanding, the company that black rock was, you was planning
31:26
to use and had a surveillance agreement in place was coinbase,
31:31
right? So it, I'm, I'm just curious,
31:35
you know? I thought I thought there was
31:37
already one that was being mentioned.
31:40
And then another thing is that I still don't think and this isn't
31:44
just me saying this, I saw a tweet from Hottel Elliot
31:48
Johnson. Again, you know, the founder of
31:50
all vtf Canada's first Bitcoin ETF, also strongly believes
31:54
that, you know, this BlackRock ETF still has a very very high
31:58
probability that it's going to get approved.
32:02
So and I believe that as well just because I know how much
32:06
political influence Black Rock has because they basically own a
32:10
large portion of every Fortune, 500 company and that gives them
32:14
the tremendous amount of influence Science, you know, in
32:18
DC. So I still think that this is a,
32:23
you know, maybe it's like the SEC trying to save face like no,
32:26
you know, even though you're BlackRock is filing wasn't
32:29
exactly perfect. So you kind of have to go back
32:32
and then they're going to come back and then you know, they'll
32:33
get it approved. I still think this is going to
32:35
get approved and yes, awesome for the price great phenomenal,
32:41
right? But at the same time, you know,
32:44
he'd Catlin Long's warnings. With ocation and also look.
32:52
We don't fix anything. If people are not taking spit
32:56
coin into self, custody nothing changes, right?
33:00
It will, it will inevitably be co-opted, just like gold was
33:04
co-opted gold failed were Bitcoin.
33:06
Could succeed Gold's physical properties, limited, right?
33:11
If you have a large amount of gold, it's hard to transport.
33:14
It's impossible to send instantaneously.
33:18
Try going to a CVS, like, with a little pick and like tick tick.
33:22
Tick, tick tick here, here. And then, they did CVS persons.
33:24
Like yeah, let me weigh your goal, you can't do that.
33:27
You can do that with Bitcoin, right?
33:28
You could you could take self custody your Bitcoin
33:31
instantaneously and you could send it anywhere around the
33:34
world, right? So, there is no physical
33:37
characteristics that are limiting.
33:40
The ability of people taking self custody, there is no
33:43
physical characteristics of it, you know, what does limit it,
33:47
it's the information asymmetry. It's the fact that people don't
33:51
actually Understand what Bitcoin is.
33:54
Bitcoin is not just an investment.
33:56
Bitcoin is literally the separation of money and say
33:59
Bitcoin is about taking back your time, your energy, your
34:02
work, taking it back into your own hands, right.
34:05
But you only benefit from that if you take Bitcoin into self
34:08
custody, if you don't do that and you Outsource that to a
34:11
company, like, black rock that has been pushing.
34:14
This ESG garbage for the last five years, right?
34:18
Not to mention all the other kind of sketchy stuff, Like you
34:22
know, what are you doing? What are you doing?
34:27
You're empowering them even more.
34:30
So anyways, it is a Bittersweet moment.
34:33
Let's see what happens. But I, but I stand by what I was
34:37
saying. I still think this thing is
34:39
going to get approved. Anyways Opti, what are your
34:41
thoughts and then we'll move on to rope.
34:43
Yeah, I'm still kind of on the same train that this will
34:47
eventually get approved, but nice catch on that coinbase.
34:52
Cuz cuz I completely forgot about that and that's exactly
34:55
what they said. So that's a very interesting
34:58
point and maybe considering all the custodial Reckoning we've
35:02
seen in the past couple of years, maybe this ends up being
35:07
a good thing but also having my tinfoil hat on it.
35:11
Just kind of feels like a delay to make sure that everyone in
35:14
the higher positions pack their bags and are ready to get on
35:17
board before. So personally, I really don't
35:21
care about Out, netf, but I understand why institutional
35:24
money would. But I think it's very
35:26
interesting or rather funny to see people dumped Bitcoin right
35:29
now or at least see the Bitcoin price fluctuate, down a little
35:32
bit and then get instantly eaten back up.
35:34
So I think it's pretty bullish. That this didn't really affect
35:37
anything. I think most people in the space
35:39
now know why they're holding Bitcoin, and are holding it for
35:42
the long run. But I think the, the, you know,
35:46
quote-unquote, smart money is still trying to get some
35:50
volatility on the price. Not only that they can make
35:53
money but also so they can stack their bags.
35:55
So I think it's just it's pretty interesting to see this play out
35:59
or rather like really not affect anything in the market and you
36:03
know just Tick-Tock next block. Yeah.
36:06
And you said something really interesting about the the smart
36:08
money aspect and I think dr. Ross nailed it right, says Wall
36:12
Street going to Wall Street just keep stacking stats while they
36:15
all muddled around. I think that's a really good
36:17
point. Anyways, rope, what's your
36:18
opinion on all this my friend? Yeah, I'm kind of more of around
36:23
with with Opti I don't particularly care about it too
36:26
much. It is what's going to happen is
36:29
what's going to happen. It is what it is either way.
36:31
Personally, I'm kind of a fan of it not happening for as long as
36:34
possible. You know I didn't start really
36:36
stacking until you know, 20 21. I think I bought the top.
36:39
It like 64k and just watch the drop and I'm still here.
36:42
So the longer the price stays as low as possible.
36:45
I'm happy for me too just to keep stacking.
36:49
Yeah and and Dr. Ross said he just posted.
36:54
He said, Joe Carlos are gives the SEC approval of a spot
36:57
Bitcoin ETF only a 10% chance of approval and he's ten times
37:01
smarter and more informed than I am.
37:03
Then all of us and I think dr. Ross is being humble but but
37:09
what's interesting dr. Ross is that Joe Crozier was on
37:13
that Swan episode, he was on that Swan episode with with Greg
37:17
Faust and Elliot Johnson, the Nakamoto portfolio gauntlet
37:21
Sewed, so it's interesting. Anyways, this is some crazy
37:25
stuff. Well, we'll stay on top of it as
37:28
best we can guys. And and yeah.
37:31
But anyways, before we move on to the culture, guys, remember
37:36
what I'm telling you, we will win this thing.
37:39
If you make it over the Finish Line with your generational
37:44
wealth and the way that you do that is by properly securing and
37:48
backing up your Bitcoin wallet. It seed, words and passphrases,
37:53
there's no better place to do it.
37:54
And then, the bit plates, Domino, that's what it's
37:57
designed for. It's easy to use.
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It's hard to destroy made from highly corrosion-resistant, 316
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marine grade stainless steel, and it offers the ultimate
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protection against extremes of temperatures, your dog.
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Can't eat this shit if you drop it in the ocean, it's my grits
38:13
marine grade stainless steel, right?
38:16
So definitely, you want to backup your Bitcoin wallet seed
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words, your Racional wealth on steel.
38:22
Don't do it on paper. Anyways guys, let's jump
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All right guys, I want to tell you about the Largest the
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And it's not even a conference this year.
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Ladies and gentlemen, the Pacific Bitcoin Festival is one
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39:13
It is. So unique.
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Got to hang out with dr. Ross last year at it.
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It's October 5th through the 6th in Los Angeles.
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Now you don't want to wait till later while tickets get more
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guys I can't recommend it enough.
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Anyways Opti, what are we? Are we this looks like some
40:01
memes, bro. Yeah, so 30-minute mean reviews.
40:04
Sorry, guys, not sorry. No, no.
40:06
I'm kind of. I'm kind of joking.
40:08
Not not really fully joking. If you guys don't know who rope
40:13
is, he is I think he's come on very hard on the scene recently
40:19
pause and he is everyone's favorite me, Miran everyone
40:24
steals his memes but I think you have a great great story when it
40:28
comes to You got into making memes.
40:31
And I absolutely love it because I'm pretty sure it does.
40:34
Involve Nico kind of loosely as well.
40:37
So rope, can you tell everyone how you got into the meme game?
40:41
And maybe touch on a little bit of the journey since?
40:45
Okay, well back up, just a little bit before the mean gang
40:49
in game. So I got kind of or spilled in
40:51
like 20, 21, 20 21. I was buying, you know, the shit
40:56
coins in the Bitcoins and stuff but see him Mallory.
40:59
Has announced the the legal tender deal on at the conference
41:04
kind of changed how I looked at Bitcoin and made me realize why
41:07
it was different than the rest that summer.
41:10
Got rid of my little Cornucopia of bullshit.
41:13
When all in on bitcoin, just lurked on Twitter, stayed on
41:16
Twitter, trying to figure out how to like, you know, find a
41:19
place here. Make some friends here, because
41:21
I realized that a lot of these people have the same worldview
41:24
as me. You know, that the money was
41:26
broken and until we can fix that, nothing's going to get
41:28
better at all. And then the next conference
41:31
came around. I'd still been lurking.
41:33
I think I had maybe I know it was less than 500 followers.
41:36
Probably closer to like 100 or 250 or something.
41:39
And I was going through watching the conference again in Miami.
41:43
And the mean review panel, you know, it was Nico, Phil Big
41:50
Sean, Greg, chair Force. I was watching that one and it
41:54
was kind of right after I'd watch the the mailers keynote
41:58
again. I think I watched it like three
41:59
times. Times and it just had me feeling
42:00
like, super like really bullish and wanted to figure out some
42:04
way to contribute and towards the end of that mean review
42:09
panel, you know, there was a couple of things that got said
42:11
and I think it was is maybe it was American hot oil or Greg,
42:18
one of them said it that that Mimi is basically with the
42:21
founding fathers did they distributed these ideas on
42:24
pamphlets under, you know, pseudonym pseudonymity, shoot
42:26
Anonymous names think I said that, right?
42:30
To spread the propagate, you know, spread their ideas and
42:34
that kind of like changed the way I thought about memes.
42:36
And then towards the end of that panel, Sean, you know Sean
42:40
Harris wasn't even supposed to be up there.
42:42
He just snuck up on there. We both laugh about that.
42:44
To this day said just do one just making me and just just put
42:49
it out there and at that moment I was just like, fuck it.
42:52
That's what I'm going to do. And so I just went downloaded a
42:55
meme generator Pro and started making one.
43:00
Started making several kind of centered around what Mallards
43:04
would had debuted at the, at the conference, where he kind of,
43:09
you know, went into the shop and was able to buy a Coke and
43:12
peanuts using lightning, and it was just already like integrated
43:16
like that. And it, that also kind of like
43:19
changed the way I thought about Bitcoin, you know, in to get
43:22
back to that cash aspect where it's just instant Anonymous, you
43:27
know, and you just going about your day.
43:29
And so I just started putting those out and you know, one of
43:33
the first ones it went off for you know, 800 likes or so.
43:36
And I was like oh shit, people liked it.
43:39
So I just kind of leaned in and just kept going and kept going
43:44
and then you know, labra people like labra Greg couple other
43:48
people just like with DM. Me privately and say, hey, this
43:51
is good. Keep going, keep going, keep
43:52
going. And so I just kind of did that
43:54
all summer started getting added to, you know, certain group
43:58
chats and stuff. Where It's kind of like a
44:00
writers room in a lot of ways. We you know, you just put one
44:03
meme up, somebody would take it, change it and somebody else
44:05
would take it, change it, twist it and then we just put it out
44:10
and then yeah, I just kind of kept going on like that and and
44:13
then I guess you could say come August it was shortly.
44:16
Before the BBB I made the reaper meme that I really didn't think
44:22
was gonna. I mean I knew it was good but I
44:24
didn't think it was going to do what it was going to do.
44:26
I put it out within 30 minutes. It was like 5 600 lights and I
44:32
was just like, oh shit, this is a this is this one's going off
44:36
and then I guess a week later Rusty kind of changed it up,
44:40
made a gif out of it which was just hella dope and told sailor
44:46
he could, he could post it if he gave me and him credit and then
44:51
you know, ever since then it's just been, you know, much of the
44:55
same thing just hanging out in group chaps making memes, seeing
44:58
what the stories are. The day are of the week and just
45:02
just going on like that. And I mean, kind of like further
45:05
on that process, you know, are on that on this kind of line of
45:08
thinking, I guess that's probably the coolest thing about
45:11
Bitcoin to me to this day is the relationships that I've built
45:16
here, you know. I've, I've always been more of
45:18
like a social butterfly so to say I got along with pretty much
45:22
everybody in school. I can hang out with any group in
45:25
school or whatever, but you know, once I got out of school
45:28
into my 20s, I did a lot of really dumb things isolated
45:32
myself in a lot of ways. and so I've kind of been a loner ever
45:37
since then, But now, it's like I have this, you know, this whole
45:43
network of people in the, in the, in the most badass thing
45:46
about it is, you know, they're in Australia, there in Norway,
45:49
there in Holland there. And, you know, the Dominican
45:54
Republic there in Ecuador or why, you know, they're
45:57
everywhere and that's something that's extremely beautiful to me
46:01
is that I can hop on an app or two apps or three apps and talk
46:04
to these people that you know I might not never see where they
46:07
live. I might not ever see their face.
46:09
I might, you know, I'm Might not ever go to their country, but I
46:12
know that there's somebody there who sees the world almost
46:15
exactly the same way that I see it.
46:17
And that's something that I never really thought was
46:21
possible for me being, you know, just a country.
46:26
Kid growing up in Alabama. I'm not really well traveled at
46:29
all, you know, I think the farthest South I've been is
46:33
Mexico. When I was like 15, and then I
46:35
went to like the furthest furthest North of man is like,
46:37
Ohio, but I'm not really well. Tribal person.
46:42
So, to know that I have these people that I know that are also
46:45
legitimately the funniest people.
46:47
I know, I mean, I waste a lot of time just cutting up in these
46:51
group chats, but at the same time, I'm laughing my ass off,
46:54
we're having a good time. And even on Twitter just you
46:58
know, shitposting with my friends and just, you know,
47:01
spreading some joy and positivity even though in many
47:06
regards, the world seems to be kind of burning down.
47:10
On around us. So to speak know something.
47:11
You know, something, beautiful more perfect is going to be born
47:14
From the Ashes. Of course, you know, if this
47:16
experiment works out because at the end of the day, I'm still of
47:19
the opinion like this Bitcoin thing is an experiment, I
47:22
believe it's going to work, but the world's never seen anything
47:25
like this before. So, you know, you know, that's
47:29
why I used to have a kind of, it is what it is, just let what's
47:32
going to happen, what's going to happen.
47:34
But I also agree with Opti that I think there's a Divine aspect
47:38
to this Allows you to this money that this is all preordained,
47:45
but yeah, absolutely, love it rope.
47:48
I'm glad that I can just let you rent for a moment but you did
47:51
talk about something and I'd like to get your thoughts on
47:54
this because we have wine in the chat and he's a huge fan of
48:00
watermarks and you're talking about the open source nature of
48:03
memes. So what's your thoughts on
48:04
watermarking memes? I don't think you do it.
48:06
All right. No, I've never Watermark to me
48:09
and I think the only Names I've ever watermarked or certain
48:13
video means. I made it as of late.
48:14
I'm really trying to like expand my skill set in the video realm,
48:19
I love making music videos. Anything anything I could find
48:24
and put music to is something that I think is, yeah, I love
48:27
doing that music is very powerful tool, but as far as
48:29
like the, you know, the steel one shot means, now that's just
48:33
not for me. If somebody wants to do that,
48:35
you know, that's cool. But I'm not really here to get
48:37
credit for whatever, you know. Oh the only credit I really care
48:41
about is when I send it to you know the people that I talk to
48:45
you every day like in the future at or the mean Factory chat they
48:48
know I made it that's enough for me but as far as you know the
48:53
all the thousands of people on Twitter I don't you know really
48:56
care to get that kind of credit. I'd rather just you know You
49:00
know, spread the idea of make somebody laugh.
49:03
You know, if somebody knows, I made it great.
49:04
If not, cool, whatever doesn't matter, but I just want you to
49:08
like it, love it. Well, you talked about, you
49:12
know, just basically making a few memes to make it like, you
49:16
know, a few like, a small group of friends.
49:19
You're just like, yeah, I just make the move to have my friends
49:21
laugh. I always say it's very important
49:24
to keep the morale up of everyone around their also
49:26
ridicule the corporate press, but you know, make just like
49:29
make funny so that your Kids can keep their head in the game, but
49:32
speaking of making fun easy, keeping your head in the game,
49:35
how's it feel? Being the funniest member of the
49:37
mean Factory? Don't say that sir sir, maybe
49:46
the, maybe the funniest looking other than the yellow puppet.
49:50
But wow, I may be the funniest ginger on there.
49:54
I don't know, I don't know. I'm just, I'm just talking smack
49:56
at this doesn't count. She's a women.
49:58
Women are funny. Okay.
50:01
All right. Let's get serious one more time.
50:04
I do know that you are working your ass off right now to stack
50:08
SATs. So would you just give the
50:10
audience out there some of that inspiration, some of that wisdom
50:14
that you have over there and why you are working so hard to stack
50:18
them sad? So I absolutely love this this
50:21
energy that you have over here up it you know get in the main
50:24
vein, bro. So I guess when I was started,
50:30
when I started buying, you know, going all in on bitcoin, I was
50:34
doing floors with my brother working, you know, for not a lot
50:37
of money. Basically, all day and all night
50:39
decided I want to switch things up.
50:41
I've got into a completely different industry.
50:42
I'd never done before. Wasn't making the money that I
50:45
wanted. It's more.
50:46
It's a sales position. So, you know, you got to kind of
50:48
build up to get to that, you know, the good, the good money.
50:51
But I mean I have to contribute a little something to Arizona
50:54
hot oil even though he kind of Of blocked me and he doesn't
50:57
like me anymore. I still I'll still give him his
50:59
flowers. When I asked him one day on
51:01
Twitter, you know, what's the cheat code?
51:03
How do I, how do I stack more? Because, you know, obviously,
51:06
you know, don't usually average. Blah, blah blah.
51:08
He goes, you just have to work, man.
51:09
It's proof of work. You have to, you know, get to
51:11
three jobs and that kind of you know, I didn't do it immediately
51:14
but that kind of changed my idea because you know, Opti and a lot
51:18
of people know there's a lot of my 20s.
51:20
I was spent just kind of fucking off doing drugs, getting wasted,
51:23
just wasting my time. Um, so to speak and now that I,
51:28
you know, kind of got sober and cleaned up and realize that
51:32
there's more available to me if I just set my mind to it.
51:36
That's when I decided. All right, I'm going to do this
51:38
sales job, my build it up and then at night.
51:40
So I'm going to get it at another restaurant job.
51:42
And so I've been doing that because there is no shortcuts to
51:45
this. It's it is proof of where it
51:46
can, that's one of the beautiful things about it, you know?
51:49
Nobody's going to make this Bitcoin for free that I have to
51:52
work for it. We all have to work for it
51:53
either. If it's by, you know, paying for
51:56
Electricity bill to mine it or going out and working, two or
51:58
three jobs to get it. There's no shortcuts in this and
52:02
it's very, you know, I guess the way I would be equal Terry.
52:05
I do nothing boy. But yeah it's very it's very
52:07
equal like that. It's it's a beautiful thing I
52:12
think the word is egalitarian. But yeah, yeah latarian where I
52:16
just, you know, hey I'm I don't know where it is either.
52:19
You know, the English language is hard.
52:21
You're right. This one's hard.
52:22
All that trouble. And I used to do to now robot.
52:26
I think the most beautiful part about Bitcoin, it's something I,
52:29
I not only love to talk about but it fascinates me just how
52:33
much Bitcoin actually changes your behavior.
52:35
And there's so many of our friends personal friends between
52:38
you and I that have the same story that, you know, they just
52:42
wasted so much time. And then they finally understood
52:45
Bitcoin. They understood the opportunity
52:46
that we have here and they just start to change every little
52:50
aspect about themselves so that they can stack Bitcoin and try
52:53
to live a better life and it's just absolutely beautiful.
52:56
I think this is one of the the most exciting things about
53:00
Bitcoin is just like what it does for the individual out
53:03
there and how it just like, you know, it changes everything
53:06
about you because you realize I have the opportunity of a
53:09
lifetime to change my whole existence by just stacking SATs
53:14
and not even just my existence, I mean as of late, you know, if
53:18
Bitcoin goes to like 10 million dollars tomorrow, of course, I'm
53:22
going to be happy, you know, but at the same time I have a kid,
53:27
she's six years old, I don't want her to.
53:30
I've said this before, I don't want my kid to be cattle.
53:33
I don't want her to be a debt slave.
53:35
I don't want her to have to work until she's 65 years old, you
53:39
know, or you know I'm basically doing it for her.
53:43
Obviously I want to enjoy reach some of those rewards but I want
53:47
to have more kids at one day and you know it's like our buddy.
53:51
Nick can't. Mine says I'm stacking for my
53:53
last name. That's really what it comes down
53:55
to. For me I don't care.
53:56
If I have to work till 65 or 70, or until I'm dead, I see my dad
54:00
doing it. If he can do it, I can do it
54:02
better, you know, so if that's what it's going to be, that's
54:05
what's going to be. But, you know, if I can leave
54:07
this, this planet, this realm of existence and know that my kids
54:11
are going to do something great because they don't have to be
54:13
caught up in the rat race. That's its own reward for me
54:17
love it bro. It's you know as much as your
54:20
ship poster on Twitter there's a lot of seriousness behind what
54:25
rope does and I absolutely Really love it.
54:27
You know, as Tyler Durden swallowed, the red pill says, Be
54:30
the Change. You want to see guys, like, I
54:32
think this is, I hate using the b word, the most beautiful thing
54:37
about Bitcoin, like you change yourself, and you change the
54:40
world around you and every single one of us is doing them
54:43
by just stacking as many sets as possible.
54:46
And you said something I absolutely love.
54:48
The mean that Nick Nick created I don't stack sad for my first
54:51
name. I stack it for my last name dog.
54:54
There is way to make yeah. All right, let's get it.
55:10
Let's get into means before we run out of time.
55:13
All right, one second, let me get over here but rope really
55:16
appreciate you coming on. I think that was inspirational
55:19
story and maybe one more actually, two more sets.
55:22
If there's someone out there that hasn't made a mean, what
55:24
would you tell them? The same thing that this show
55:28
and kind of said, like, just just make it you got to think
55:32
about what are the what are the way it out in your head?
55:35
You're on an app. Nobody can see your face unless
55:38
you've docks yourself but at that point you can just make a
55:39
new account. So it's not like, you know,
55:42
you're at a on a stage naked where everybody can just point
55:45
and laugh at. You don't just got to just gotta
55:48
go for it, if it sucks, it sucks, but you know, the average
55:52
person's memory, you know, even even Bitcoin as we have pretty
55:55
short. Sometimes you know it's like
55:57
okay you get dunked on or whatever, don't fight the troll.
56:01
If you fight the troll, you're going to become it.
56:03
So just make a mean put it out there, it might suck and might
56:06
do good, but you got to keep doing it, keep doing it and
56:10
you'll get better at it and then people will take notice then
56:13
where the fun part comes in because you're going to start
56:14
making a lot of friends that want to help you spread the same
56:19
ideas that they have. And that's, that's dope.
56:25
Alright guys, let's get in the memes.
56:29
The daily meme review brought to you by Kaboom racks.
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56:59
Wait, wait, wait before I see no her I'll I Was Here For Laughs.
57:05
Not for feel she oh man. All right, this is your favorite
57:11
portion of the show. The mean review.
57:13
What you send this memes on Twitter, simply Bitcoin TV or
57:17
drop them in our telegram group and I will get them on the show.
57:21
Tweet to the bullets, means you're the cheerleader, make
57:23
sure you ridicule. The corporate press, make sure
57:26
you get the calls of actions out there and then Of course, make
57:28
sure you just make the funnies to keep your friends head in the
57:32
game because it's a dark world out there and memes.
57:36
Definitely, keep people's heads in the game.
57:38
Anyways, first meme is by at cold car wallet and it goes the
57:42
Ten Commandments of Bitcoin self custody one.
57:45
You shall backup your Bitcoin seed, to you shall test your
57:48
backup Street. You shall self validate with a
57:51
full node. For you shall not dogs for UT.
57:53
Excels 5, you shall not have single points of failure. 6, you
57:57
shall keep the Bitcoin price. Vicky air-gap 7 you shall coin
58:00
control eight. You shall kiss AKA keep it
58:03
simple stupid 9, you shall not. Talk about your hot oil and 10,
58:07
you shall stack more sacks, okay.
58:11
This next one is by the Bitcoin therapist and context for this
58:16
one. If you haven't watched the
58:18
Balaji, Marty bent four-hour. Marathon pod.
58:21
Highly suggest you go watch it. I finally finished it last night
58:25
after like five parts and then this morning.
58:28
Earning I woke up and I saw this Bitcoin therapist.
58:30
Me and I was like day, and that's perfect.
58:32
Anyways, the therapist goes actions are louder than words.
58:35
Hashtag BTC. And we have the dollar here and
58:38
someone sitting here all alone Lee and it's labeled treasuries.
58:42
And then we have the Bitcoin. What do you call this stand?
58:47
And we got Black, Rock and Valkyrie and every other
58:49
institution that I don't remember via their logos, but
58:52
they're all lining up to get on the Bitcoin train.
58:55
It's only a matter of time until then.
58:58
Use this ETF money on all of us and number it goes up but take
59:02
Bitcoin in the South custody. This is the way hence why I did
59:04
the cold card one first. Anyways, this next one is by
59:07
Cedric young woman aka the podcast for the Bitcoin Matrix
59:11
out to you said and he goes hashtag Bitcoin facts and this
59:14
is a classic classic meme template and we got a guy on the
59:18
phone. It goes hi I'd like a wake-up
59:19
call. And the girl on the other side
59:21
goes the price of goods isn't going up.
59:23
Government involvement in the market is making the value of
59:26
your dollar go down. It's so simple, guys.
59:30
You're not getting richer. Your dollar is getting weaker.
59:33
Anyways, this next one is by brekkie and it's kind of like a
59:36
play on those classic like wolf t-shirts that, that, you know,
59:39
the cool kids wear but it's got a Bitcoin logo but considering
59:44
that I have rope on here and he sometimes, give us cheesy quotes
59:46
to his me. My thought it was very fitting
59:48
because so we got brekke here and he goes one evening and
59:51
Odell told his grandson about a battle that goes on inside
59:55
people. He said my son, the battle
59:57
between two wolves. I just all one is evil.
59:59
It is anger, Envy jealousy, sorrow, regret greed.
1:00:02
Arrogance self-pity guilt, resentment inferiority lies,
1:00:06
false Pride, superiority and ego.
1:00:08
The other is good. It is joy, peace love hope,
1:00:12
Serenity humility. Kindness benevolence empathy
1:00:15
generosity truth, compassion and faith and the grandson thought
1:00:19
about it for a minute. And then asked his grandfather,
1:00:21
which wolf wins. And the old Odell simply
1:00:24
replied. Whichever one is more humble and
1:00:28
Stacks the most SAS. This next one is by at other
1:00:32
Barry BTC and he goes mentally. I'm here and we got this bus
1:00:36
station stand in. The Stance has autism autism
1:00:39
Peak. And we got all the different
1:00:41
Pepe flavors over here, which are basically just a bunch of
1:00:44
different variations of rope every single day of the week.
1:00:50
Next one is, by all Jack Bitcoin and I think it's a tie.
1:00:55
I didn't really plan it this well, but considering everything
1:00:57
that rope It said it's a fitting bow tie or to today's episode
1:01:01
and it goes men only need four things.
1:01:03
Men only need four things to be happy, a Family Fitness, wisdom
1:01:08
and Bitcoin. Bitcoin are over here.
1:01:13
This is the way boys and girls. Get fit, get your money right.
1:01:19
Go to family and staff more sets.
1:01:21
Anyways, Drop Your Meme review score in the chat overweight.
1:01:24
Sorry over there. And we will cover hours live,
1:01:28
okay? Mine is, I don't think I've
1:01:31
given this, but well, I thought I didn't give this score, but
1:01:35
now that I'm bringing it up, it feel like I'm having Deja Vu.
1:01:38
So maybe I have Gabe this store. So if anyone remembers you guys
1:01:42
can throw tomatoes later. It's my stream deck.
1:01:45
It's unplugged. I have damn right.
1:01:48
Okay, okay. All right, all right, you go
1:01:50
rope. Let me, let me 80's.
1:01:53
My me review score is the shirt world of Rusty.
1:01:56
T.com the classic play on my main.
1:02:00
Aim go, get you five, six, seven of them.
1:02:04
Don't do that. Please.
1:02:05
Glad Scout are they? They're, they're still on the
1:02:08
website, they better because I didn't matter because, all
1:02:12
right, well then, okay, yellow for bed and I'm going to give it
1:02:24
this. Run nodes voltage sticker that.
1:02:30
Wow, my Essential water. Boom.
1:02:35
Let's go, run those notes, run those notes.
1:02:40
Anyways everybody. Let's let's pull up some of the
1:02:42
meme scores. Let's see what we have today.
1:02:47
Wine. Fuck.
1:02:48
He's reading it. That isn't a meme.
1:02:50
Yes it is means can be tweets to okay, okay, hey, I'm the captain
1:02:55
now I make the meme review, whatever I wanted to be okay.
1:03:00
All right, first meeting review score, are you reading me?
1:03:03
Go or my reading? You're reading but not a day.
1:03:05
I give the memes Niko's highlights, seriously, please
1:03:07
take it. Like, please take it off.
1:03:09
Is that what you mean? I'm just kind of like, Let It
1:03:13
Grow out and see where it goes. Maybe I died.
1:03:16
I don't know. This one, you probably shouldn't
1:03:18
read let my sorry sorry sorry, sorry op T ZX filter is
1:03:24
atrocious. Anyways you txo I give the memes
1:03:28
a massive, Sherman throat, sir, a Merriman impaction, I don't
1:03:34
action. Okay, hashtag we can't read
1:03:36
hashtag, simply Bitcoin. Doesn't know words, I like that,
1:03:39
I like that. All right, next one by Michael
1:03:41
Ward, I give the memes one BlackRock ETF paper voucher oof
1:03:46
oof True, Rave elevator score the memes.
1:03:50
The first at simply Bitcoin pleb of the month.
1:03:53
Award presented to coddle tranche okay.
1:03:56
All right. Okay, Bitcoin.
1:04:00
Becca. I give the memes three gingers
1:04:02
out of five. See you?
1:04:06
Or I don't know if we can say this one.
1:04:07
So this one might have some violence calls.
1:04:11
Don't read any go, Max Trotter. I give the memes a yellow sock
1:04:16
pockets. Sock puppet, puppet puppet,
1:04:20
puppet puppet. Hold on a second puppet.
1:04:22
Wait, this one's red? Wait, no I don't rope could read
1:04:26
this. Rope could read this, I can
1:04:29
read, I can't read, but I don't know if he's okay.
1:04:32
He's okay forever stay. What if Pete, Pete Pete?
1:04:39
Penis out their penis out there, what?
1:04:44
Thank you wine. What the fuck?
1:04:51
We can edit that out. Keep going Nico.
1:04:57
Keep keep this show going. We do this live.
1:05:04
The biology podcast coin does not approve of what just
1:05:09
happened, okay, god dammit white, what the fuck, man?
1:05:14
Chad Bitcoin, ER, give the memes a yellow, plushie toorop, okay,
1:05:18
okay. Very nice, very nice hot, oh
1:05:20
coin, I give the memes some wax for genzler's head.
1:05:25
And then the next one, McLovin Opti Big Mac coin wallet comes
1:05:30
to fruition. By the way, speaking of I've saw
1:05:33
that there's any shit coin out there on Twitter and it's the
1:05:37
dollar sign Opti. I did not affiliated.
1:05:41
There's a shit coin in my name now.
1:05:43
So is so is son of Satoshi. The script of Opti and his
1:05:51
girlfriend's Christine's Twilight like movie.
1:05:55
Oh man. Oh man, all right, all right
1:05:58
Bushmaster ETF what? Okay I like it.
1:06:03
I like it. Wait, alright, this is the last
1:06:05
one, there's a lot. So let's you deserve real money.
1:06:08
I scored those memes one. YouTube ruling coming screams to
1:06:21
Oh man, it's the Friday show you guys.
1:06:23
The Friday show is the Friday show.
1:06:25
I apologize for the family friendly, audience Opti just
1:06:32
slightest slip in there, I guess.
1:06:35
But anyways, it is the Friday show, guys.
1:06:37
I hope you enjoyed the show and give a very, very special
1:06:41
shout-out to Our Guest rope. Thank you so much for joining us
1:06:44
today, man, we really appreciate it.
1:06:45
And of course, you know, this was going to happen on the show
1:06:48
that you came on. Well, thank you so much for
1:06:56
joining us. You guys could follow him.
1:06:58
We have is handle, pulled up on screen at row p.m. and yeah,
1:07:02
guys, thank you so much for tuning in to Simply Bitcoin
1:07:05
live. We really, really appreciate it.
1:07:08
If you enjoyed the show, you know what to do.
1:07:09
Smash that like button. If you feel like we provided you
1:07:12
value consider subscribing. And, you know, the number one
1:07:15
thing you could do to help push the peaceful Bitcoin Revolution
1:07:18
forward is share. This content and yeah we'll see
1:07:24
you guys on Friday for on Monday for another episode of Simply
1:07:31
Bitcoin live until then Ruston's, going to be holding it
1:07:34
down over the weekend. He's going to be dropping some
1:07:36
fire ass clips on Saturday on Sunday.
1:07:39
One's Gonna be coming out today so it should be a lot of fun.
1:07:42
But anyways, until then guys, love you all.
1:07:45
Enjoy your weekend and if you want to join the after party,
1:07:49
join us on Twitter. Ace has opted.
1:07:51
He's going to be holding it down and we co-host.
1:07:53
That's what your spaces with our friends over at Swan Bitcoin
1:07:55
best place to build your Bitcoin stack.
1:07:58
Check out salon.com today. Shout out to the best producer
1:08:01
in the game producer Jacob but until then guys, peace out
1:08:05
y'all.