Latest / Simply Bitcoin / $3 TRILLION GIANT Adopting Bitcoin? | EP 1105

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$3 TRILLION GIANT Adopting Bitcoin? | EP 1105 · Simply Bitcoin

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Yo, the second largest company in the world is currently
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discussing the possibility of adopting Bitcoin and it's taking
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it to a shareholder vote that will happen December 10th.
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And this tree $3 trillion giant is sitting on $484 billion in
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assets on the balance sheet that is currently melting away.
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We all know the ice cube meme of it's not in Bitcoin, it's
0:25
melting away, but so which company is it?
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Of course, probably noticed from the thumbnail, we're talking
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about everyone's favorite, Bill Gates and the company he founded
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in 1975, Microsoft. Even though Gates has stepped
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away from Microsoft, he is famous for saying if there was a
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way to short Bitcoin, I would, which is interesting because
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there is a way to short Bitcoin, but that's besides the point.
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But now his company, Microsoft or X company, however you want
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to look at it, is looking to adopt Bitcoin, which is a very
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interesting development. And we said in the past,
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actually, we said all of this year that by the end, end of
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this year, 2024 and going into 2025, we would be seeing some of
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the biggest names in the world starting to talk about adding
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Bitcoin to their balance sheet. And it looks like it's
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happening. These conversations are
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happening at the highest level. Looks like Bitcoin is matured.
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It's becoming something that people have to take seriously,
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which of course, we've been saying forever here, guys.
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So let me pull up this news story, but of course, before I
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do that, let me bring in my guest for the day.
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We got our boy Brandon Gentilly coming off the bench.
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You guys know it. Me and me and Brandon kill it
1:38
every single time we come on. So Brandon, good to have you
1:40
bro. Let's pull up some of the source
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material for everyone in the chat.
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Of course, this hit Twitter last night roughly around 4:00 PM in
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the evening. And here's a tweet from
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Macroscope. And I actually today guys, I am
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going to read a little bit actually all of this because
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there's a lot of saw in this filing.
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So in an SEC filing late this afternoon, Microsoft disclosed
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that quote, an assessment of investing in Bitcoin is
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currently proposed and will be a voting item for the shareholder
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meeting on December 10th. So looking at this proposal
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here, I am going to read this guys, like I just said, there is
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a lot of sauce here. And I, I think this is very
2:19
informative for people that aren't as close to Bitcoin
2:22
aren't following macroeconomics and inflation as much as we are.
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And there is a lot of sauce here and you know, a pretty big shout
2:30
out in here. So let's just get into it.
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Proposal 5 assessment of investing in Bitcoin a
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shareholder proposal and we go Bitcoin diversification
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assessment supporting statement In periods of consistent and
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often rampant inflation, a company's financial status is
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unfortunately measured not only by how well it conducts its
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business, but also by how well it stores the profits from its
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business. Hence, we always tell you guys
2:55
that this current state of the world is Everyone has to become
2:59
an investor, whether you're a big corporation or an
3:01
individual. It's not enough to just make
3:03
money and have a profitable business.
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You have to figure out where you store that value so that you can
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beat inflation or, you know, rather a bad economy.
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Anyways, again, going back to this assessment, corporations
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that investor assets wisely can and often do increase
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shareholder value more than more more than more profitable
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businesses that don't. Therefore, corporations have a
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fiduciary duty to maximize shareholder value not only by
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working to increase profits, but also by working to protect those
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profits from debasement. Again, this is coming from the
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head of of Microsoft and they're saying exactly what we've been
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saying here on the show constantly.
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The average inflation rate in the US over the last four years
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according to the CPI, which is a remarkably poor and corrupt
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measure of inflation, is 5.03%. Again, we constantly tell you
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guys this and inflation peaked at 9.1% in June 2022.
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But in reality, the true inflation rate is significantly
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higher than that, with some studies estimating it to be
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nearly double the CPI at time. So a corporation's assets have
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needed to appreciate at those rates over the last four years
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just to break even. Again, hear it here from
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Microsoft heads talking about the fact that CPI is broken and
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or corrupt. And you know, for the average
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person, if you aren't making at least 10 to 20% raises every
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year, you are not beating inflation.
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And further, if your investments aren't making more than 10 or
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20%, you are not making any profit.
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Yes, it looks good on the your balance sheet, your personal
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portfolio, but you we're not beating inflation.
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And then here we go. Here's some more bulk.
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As of March 31st, 2024, Microsoft Corporation has $484
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billion in total assets, the plurality of which are U.S.
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government securities and corporate bonds that barely
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outpace inflation. If assuming that the CPI is
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accurate, which it isn't. So bond years are actually lower
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than the true inflation rate. Again, something Bitcoiners have
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been saying for a long time on Twitter and we've been saying on
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the show as well. And now of course, you know,
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don't take it from 2 guys on YouTube or maybe some Ananda on
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Twitter. The biggest, you know, second
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largest company in the world, CE OS and heads the C-Suite class
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are saying the exact same thing we've all been saying.
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So further evidence that Bitcoiners are right that we see
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the world clearly and things aren't exactly as they seem.
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And also clarifying the 484 billion in total assets.
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I think I look this morning, I use, you know, perplexity AI.
5:35
I've I've been telling you guys, I'm a huge fan of that lately.
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And they roughly have 18 billion in cash.
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So 18 billion is liquid. Everything else is in other
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assets, but the point remains the same.
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If they are not putting that money in Bitcoin, Bitcoin is the
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fastest horse in the race. They are most likely not beating
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inflation and like they're saying barely breaking even.
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Therefore, in inflationary times like these, corporations should
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and perhaps have a fiduciary duty to consider diversifying
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their balance sheets with assets that appreciate more than bonds,
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even if those assets are more volatile short term.
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Again, another thing we've been saying on this show that most
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people that are aware what's going on in the financial system
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are looking for alternatives to treasuries and bonds, which
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historically have been the least risky asset in the world.
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And now people are looking for alternatives, hence why they're
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taking this vote to their shareholders because hey, maybe
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there's something better than bonds out there.
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Maybe you don't want to be holding U.S. debt.
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Anyways, going further, as of June 25th, 2024, the price of
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Bitcoin increased by 99.7% over the previous year, outperforming
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corporate bonds by roughly 94% on average.
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And over the past five years, the price of Bitcoin increased
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by 414%, performing corporate bonds by roughly 411% on
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average. And here's an interesting nod,
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guys. MicroStrategy, which like
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Microsoft, is a technology company, but unlike Microsoft
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holds Bitcoin on its balance sheet, has had its stock
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outperform Microsoft stock this year by 313%, despite doing only
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a fraction of the business that Microsoft has.
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And they're not alone. The institutional and corporate
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adoption of Bitcoin is becoming more commonplace.
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Microsoft's second largest shareholder, BlackRock, offers
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its clients a Bitcoin ETF, even though Bitcoin is a more
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volatile asset at the moment than corporate bonds, so
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companies should not risk shareholder value by holding too
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much of it. However, as Bitcoin is an
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excellent, if not the best, hedge against inflation, and
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corporate bond yields are less than the true inflation rate,
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companies should also not risk shareholder value by ignoring
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Bitcoin altogether. At minimum, companies should
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evaluate the benefits of holding some, even just 1% of its assets
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in Bitcoin. Again, another point we've been
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talking about on the show that ever since the Black Rock ETF,
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not only is Bitcoin maturing, not only is it kind of becoming
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a legitimate investment, but we've been saying that every
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company at the very least, should hold 1% of their assets
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and their balance sheet on Bitcoin.
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And now the highest hauls at Microsoft, again, the second
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largest company in the world with roughly $3 trillion in
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market cap is talking about the very same thing we talk about
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here constantly. So the resolve shareholders
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request that the board conduct an assessment to determine if
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diversifying the company's balance sheet by including
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Bitcoin is in the best long term interest of shareholders.
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Now here is the interesting part about this report.
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Here the company statement in regards to whether this is a
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good idea or not. Currently the board is saying
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that they should vote against this.
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So the proposal request that the Board conduct an assessment that
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is unnecessary because Microsoft management already carefully
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considers this topic. Microsoft Global Treasury and
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Investment Services team evaluates a wide range of
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investable assets to fund Microsoft ongoing operations,
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including assets expected to provide diversification and
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inflation protection and to mitigate the risk of significant
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economic loss from rising interest rates.
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Past evaluations have included Bitcoin and other cryptos among
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the options considered, and Microsoft continues to monitor
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trends and developments related to crypto and to inform future
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decision making. As the proposal itself notes,
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volatility is a factor to consider in evaluating crypto
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investments for corporate treasury applications that
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requires stable and predictable investments to ensure liquidity
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and operational funding. Microsoft has strong and
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appropriate processes in place to manage and diversify its
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corporate treasury for the long term benefit of shareholders,
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and this requested public assessment is unwarranted.
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So again, a couple trends here. Obviously as a Bitcoiner, you
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know, I'm a Bitcoin maxi, you know, my bias is obviously very
9:54
transparent. I like to think of Bitcoin as
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the real stable coin. Bitcoin is the true stability in
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the world and yes, the volatility in Fiat price does
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seem to fluctuate a lot, but it's really the Fiat money, the
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Fiat world, the traditional financial world that is volatile
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against Bitcoin. Again, the mean, you know, one
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Bitcoin equals one Bitcoin and every thing is going to get
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repriced in Bitcoin. So Bitcoin is volatile, but it's
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volatile to the upside. And another point, it's very
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interesting that they say they have considered this in the past
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and you know, of course, I think this is going to be a mistake
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long term. When they talk about the
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returns, it's becoming very obvious that you need to have
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some Bitcoin on your balance sheet, personal balance sheet
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and company balance sheet. But it is interesting that
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they're like, no, guys, we got it here.
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We, we, we've assessed the risk and it's not worth it now moving
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forward. You know, Sailor tweeted this
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this morning, which is really interesting, shouting out the
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CEO of Microsoft, the current CEO of Microsoft.
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And he goes, if you want to make the next trillion dollars for
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Microsoft shareholders, call me bro, which is just absolutely
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hilarious. I know you guys have heard
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Sailor and sailor has been in some hot water recently, but
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Sailor has been going out that if you want to see if you're on
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these big corporations, you know, Apple, Microsoft,
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etcetera. And how do you add an extra
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trillion dollars to their balance sheet?
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Well, it's very simple. You just adopt Bitcoin, you add
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it to your balance sheet or, and or you start to do the infinite
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money glitch, the flywheel, the Bitcoin flywheel that Michael
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Saylor MicroStrategy has. Let's perform master class out
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there. Anyways, this next thing, just
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kind of looking into who these shareholders are.
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Again, I'm using perplexity dot AI.
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I'm a huge fan of it. Recently, I just did a little
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search, you know, Microsoft shareholders by percentage and
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it's very interesting to see who some of these top institutional
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shareholders are. We have Vanguard with 8.95% to
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9, roughly 9% of the stake of Microsoft.
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Again, remember the Vanguard debacle?
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Their CEO, Tim Buckley retired shortly after the Bitcoin ETF
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was launched and they famously came out and said, oh, we're not
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going to allow our customers to use the BlackRock ETF or get
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exposure to ETFs. And then shortly after, you
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know, he retired, which all of us Bitcoiners were scratching
12:09
our head and like kind of a coincidence.
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Did he leave because they got they forced him out because
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they're missing all the gains of Bitcoin?
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No one knows, but the coincidence is there.
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And then of course, second is BlackRock with roughly 7.25 to 7
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point 4-5 a stake. Of course they have the I Bid
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ETF, the big BlackRock ETF, it's killing it out there.
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And then there's State Street Corporation with 4% roughly.
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And then Fidelity Investments with 2.91 to 2.95%, which of
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course they have a Fidelity ETF as well.
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So even if Vanguard is against Microsoft adding Bitcoin to
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their balance sheet, BlackRock and Fidelity, who already have
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exposure to Bitcoin, do have a bigger amount of shares.
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So it is going to be interesting.
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Of course, this proposal is going to happen December 10th,
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which is, you know, about six weeks away.
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But going more and deeper into this, as James Lavish said this
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morning, the significance of this is clear.
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Bitcoin can no longer be simply ignored by public companies and
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must be considered for their balance sheets, which is
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something we've been talking about.
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So it's very interesting that they're having this
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conversation. You know, they have to bring it
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to a shareholder vote because obviously people are talking
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about it and they're looking at Microsoft.
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They're like, well, you know, we're holding these melting ice
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cubes and we have $484 billion in assets, and maybe there's a
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way that we can increase that shareholder value by just buying
13:36
some Bitcoin. And not only that, it's going to
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be very interesting that if people aren't educated
13:42
themselves in Bitcoin, they're going to have about 6 weeks.
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So now you can tell they're talking about Bitcoin and now
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they're going to have until December 10th to educate
13:49
themselves about Bitcoin. And so it's going to be very
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interesting when this happens, whether they do add Bitcoin.
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Not only would it be huge for Microsoft and of course the
13:57
Bitcoin community, but now in the highest echelons of
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corporate in America, traditional finance, they have
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to start to educate themselves on Bitcoin and I think that
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watershed moment is about to happen now another interesting
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quote here, you know, shout out the BBC Gandalf on Twitter.
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He got this quote from the current CTO of Microsoft, Kevin
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Scott, and the quote comes from an interview he did with Wentz's
14:21
thesaurus in 2019. And here's the quote you can't
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have a government decide that they're going to get their way
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out of their poor decision making by just creating more of
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them. Obviously there's talk about
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Fiat money and all of the bad monetary policies they do.
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I don't know why I hadn't had that thought before, but that's
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really an incredible powerful notion.
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Obviously talking about Bitcoin and I don't think we've
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collectively internalized what that could possibly mean for
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society. I think he's talking about
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obviously the masses out there, but personally about him and and
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the people at Microsoft. So you can tell these
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conversations are happening and adding a little more, you know,
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cherry on top of this, there is this picture here of the current
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CTOS. I'm sorry, I'm going to butcher
15:04
this name. Satya Nadella, I believe,
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apologies going around on Twitter.
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Of course, it's a picture of here of him with Adam back and
15:14
Samson Mao. Of course, Samson Mao is on the
15:16
mission of getting nation states to adopt Bitcoin.
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Adam Back was literally referenced in the Bitcoin white
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paper. So I think at the highest
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levels, it's not that they're uneducated about it.
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Obviously the volatility concerns are something that
15:29
people think about, but it is very interesting development.
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We have been saying this would happen for a long time on simply
15:37
Bitcoin that ever since the Black Rock ETF got announced,
15:41
everyone has to take Bitcoin seriously.
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And now we are getting more and more data points that this is
15:47
happening. So hey, would this is this going
15:50
to happen? I don't know.
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The, the Microsoft board is basically saying, look, we don't
15:54
have to do this where we're telling our shareholders to vote
15:57
against this, but they're having this conversation.
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They're going to have to make a decision December 10th.
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And, and I think this is happening not only at Microsoft,
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but I could only venture to guess that this is also
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happening at Apple. We know Tesla is already holding
16:12
Bitcoin. They're the 12th largest company
16:14
in the world. So everyone in the world and all
16:16
the biggest companies in the world now have to take Bitcoin
16:19
seriously and, and it's becoming very obvious, again, referencing
16:24
Michael Saylor and micro strategy, that this might be the
16:27
best strategy to outperform inflation.
16:30
So I thought there was a lot of information in there.
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Obviously, we constantly come on the show and try to educate
16:36
people on not only the nefarious nature of the gaslighting by the
16:40
Federal Reserve or the international bankers and the
16:43
politicians in regards to how bad inflation really is, but
16:47
also that, hey, if you want to survive, you have to be become
16:51
an investor. And as we said before, ever
16:53
since BlackRock came into the game, love or hate Larry Fink
16:57
here, every institutional manager in the world has to look
17:01
at Bitcoin. It's becoming their fiduciary
17:04
responsibility, like they said in that report, that you have to
17:07
at least take Bitcoin seriously. And hey, they're only talking
17:10
about a 1% investment into Bitcoin, or rather, you know,
17:14
reserve in a balance sheet, which is pretty interesting that
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they're kind of only thinking of this as an investment versus,
17:21
you know, an asset to hold on their balance sheet.
17:23
But interesting developments we have here today.
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And of course, we'll cover this when they finally make the
17:29
decision. But I'm guessing that by the end
17:32
of this year and going into 2025, I'm, I'm going to guess by
17:35
like Q2, we're going to see all of the biggest companies, all
17:39
the biggest names in the world start to talk about Bitcoin in a
17:41
serious light versus kind of relegating us into the corner
17:45
and be like, oh, I don't want none of this Internet money.
17:47
Of course, you know, referencing my opener here, Bill Gates, of
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course, he's not at Microsoft anymore, but he famously said I
17:55
would short Bitcoin. And then, you know, remember the
17:58
Charlie Mongers of the world and Warren Buffett's of, oh, Bitcoin
18:01
is rat poison. I don't want any of this.
18:03
So it's very interesting how in one year the narrative has
18:06
shifted to, yeah, maybe we need to take this Bitcoin thing
18:09
seriously. And here we are.
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Anyways, I've ranted it enough. I'm sorry I had to read a lot
18:14
for you guys, but I thought there was a lot of sauce on in
18:16
this, in this report for everyone out there to kind of
18:19
explain to you guys what we say on the show constantly and get a
18:23
little insight into what corporations are thinking and
18:26
their thought process, which again, we're right here.
18:28
I, I know you guys think I'm just a 65 IQ bitcoiner on
18:32
YouTube, but hey, I got a little smart.
18:34
I kind of understand some things going on in the world.
18:37
Anyway, Brandon, what's your thoughts on all this?
18:41
Well, yeah, you definitely a little smart.
18:43
You can't wax poetic for 15 straight minutes if you don't
18:45
know something. So what's the thing?
18:48
If you know something really well, you can teach it or you
18:50
can speak on stage on it for, you know, hour or whatever it
18:53
is. So you're definitely there and
18:55
also really quick. Yeah.
18:56
Someone said earlier Opti's lettuce when it's it's out
18:59
flowing like that yeah man, his his knowledge just pours out.
19:02
No. What?
19:03
I don't even know what this lettuce meme is.
19:05
I I don't even know what this. Lettuce meme is it's the hockey
19:07
flow. It's the it's the flow.
19:08
It's the hair man. You got the lettuce flying in
19:09
the in the wind. It's amazing perplexity.
19:12
Also amazing a big Scott Adams, you know, push there too.
19:16
He's been talking about a lot. But yeah, you're right, Opti, I
19:18
mean with between fasby, like you can see that people don't
19:22
have their talking points when we can talk about the ruling
19:24
class, they don't have their talking points fully, you know,
19:26
all synced up right now. You've got the ECB attacking,
19:29
you got central banks attacking Bitcoin.
19:30
Then we have fasby rules changing in our favor.
19:33
You know, it's just all over the place.
19:35
There's a lot of there's, there's so much, I don't know
19:38
what the right word is, but there's just a lot of lack of
19:42
cohesion. We'll say that there's a lot of
19:44
lack of cohesion just across the world when it comes to a lot of
19:47
these global entities. And they don't know what to do.
19:50
And you know, you, you have these, these structures, these
19:53
political structures and they're built on top of monetary
19:55
standard. And that's what I think, that it
19:56
took me a long time to kind of realize that too, you know,
19:59
really 20 years. In the 2000s and then the 20
20:02
tens, it took me a long time until 20, I don't know, 17/18/19
20:05
when I started to realize, Oh my gosh, you know, the money is
20:08
that layer that the, the society is built on, but it's more the
20:11
the political game is built on top of that money layer, right.
20:13
So you can't have capitalism or you can't have socialism or you
20:17
can't have any of these things whenever what it is democracy,
20:20
republics, you can't have them unless you're built on the, a
20:22
certain monetary layer, right? And then some monetary systems
20:25
will behoove certain systems, correct.
20:27
So like we, we kind of split off and diverge in these past, but
20:30
that's, that's this world we're in where like we're
20:32
transitioning to completely new standards and we we just get to
20:36
live through it. I mean, this is generally stuff
20:37
that you read a history book and you're like, oh, OK, this is
20:39
great. You know, this is awesome.
20:40
This school makes it really boring for you, unfortunately,
20:43
when it could be really awesome to learn about, but we choose to
20:45
do ridiculous things in schools and government run compulsory
20:48
schools. That's another topic for another
20:50
day. But this is a system change.
20:53
It's an order of magnitude change we are going into, and
20:55
that's why these companies have no idea what's going on.
20:57
I mean, you look at, you know, Warren Buffett, we talked about
20:59
the hippie bubble a lot here and the older generation sun
21:03
setting, right? And, and you got the kick out of
21:04
the load that line last time I threw out the science evolves
21:08
one funeral at a time, right? The world progresses or science
21:11
progresses one funeral at a time.
21:13
And that's, that comes for all of us, right?
21:15
That'll be us in, in 20 years, 50 years, 60 years, right?
21:17
So you're the older generation, like when, when Warren's gone,
21:20
at some point, whether it's 120, you get to live too or whatever.
21:24
But at some point someone else will run his company or whatever
21:26
it is. And then what do they do?
21:28
They put 1% that that younger guy or gal puts 1% into Bitcoin
21:32
or 10%. Can you imagine that 300 billion
21:34
that's just sitting in cash melting away.
21:36
So these are the things that are coming.
21:37
You know, Apple's seeing it, you know, Warren Buffett's company.
21:40
You look at Bitcoin companies, you look at Leon Wincom talking
21:43
about real estate and has been on Preston's podcast recently
21:46
and and spoke over in Europe a couple times that at conferences
21:49
and, and just putting one to 10% of the cash flow.
21:52
So a, a small part of what's coming back in the return on
21:55
real estate, putting those into reserves over the last handful
21:58
of years and their real estate projects.
21:59
And now that small little portion, that one or 10%, I
22:02
can't remember the number now equals like 1/4 of the worth of
22:06
the whole property, you know, or 1/3 of it, whatever it is.
22:09
So just massive, just in four years, massive outsize over
22:12
indexing of what's going on. And you have fold doing it.
22:15
You've got river, you know, like you have these companies, aside
22:18
from micro strategy that are that they're using this playbook
22:21
and it's gonna become this watershed moment where this just
22:23
cascades where, like we said, whether it's Warren, Oregon,
22:26
Berkshire, I should say, or it's Apple or some of these companies
22:29
that all of a sudden are the traditional behemoths.
22:32
And all of a sudden they take the step and all of a sudden it
22:34
just game on. And we have companies that are
22:37
countries that are mining Bitcoin that we, we don't even
22:39
realize, right? We know some, we're finding out
22:41
more. We know there's many more.
22:42
This just keeps cascading because you can't stop Bitcoin,
22:45
right? You, it changes you, you can't
22:47
change it. It's it's code, it's number.
22:50
It's just, there's nothing you can do to stop it.
22:52
So the coming back full circle and landing the plane, the ECB,
22:55
all these attacks from central banks, they, they're all, you
22:58
know, dissolution. They can't figure out what's
22:59
going on because at the end of the day, it's, they have power.
23:02
A lot of them have had power for for really centuries and they
23:05
don't know any different. And they think truly, I mean, if
23:08
some of it, you have to have almost empathy for them in a
23:10
way, because they don't know any different.
23:12
They just think, hey, they've been told their entire life, you
23:14
are the the, the kings and Queens of the world that you are
23:16
the smartest people. Imagine having that your entire
23:19
life doesn't mean they need, we need to keep them in power.
23:21
And but we need to have empathy form as human beings and say,
23:24
Hey, you no longer in power. And we do that by the sly
23:27
roundabout way, this peaceful way, this peaceful revolution
23:29
that is changing, this monetary change that is going to
23:32
completely change. Like you and I talked flying at
23:34
the end of the day, then 10 years from now, between 3D3D
23:37
printing, AI, nuclear, all the things that are happening, we
23:40
are not going to recognize what life looks like.
23:42
It's going to be amazing. But as, as we talked about two
23:45
Opti, I mean, it's going to be chaos in in here.
23:47
We've talked to those many times.
23:47
Jeff Booth just talked about recently in one of the podcast
23:50
he was on where it's going to be chaotic.
23:52
It's going to be unbelievable on the backside, but it's going to
23:54
be chaotic going through it. And this is just kind of some of
23:56
those steps along the way. Yeah, totally.
23:58
I mean, I think one of the most interesting aspects, and I I've
24:01
said it on the show a while ago, you know, when we when we were
24:04
first speculating on when these big institutional managers and
24:08
corporations were going to get into Bitcoin or at least even
24:11
start talking about Bitcoin, this idea that these
24:14
corporations are huge. And you can see kind of some of
24:17
the obstacles that they have to go through to even, you know,
24:19
make a move like going into Bitcoin.
24:21
And again, I always likened it to the idea of like, it's the
24:24
Titanic over there. You know, these big behemoth
24:27
corporations are the Titanic and they can't just make quick moves
24:30
like an individual can or someone like Michael Saylor, who
24:33
owns the majority of his own company.
24:35
They have to, you know, think about this, take this slow, do
24:39
their due diligence, pass it to the shareholders.
24:41
And so it takes a while for that Titanic to turn around.
24:44
But we're seeing that they are turning around.
24:47
And you know, being a little more cynical here more, you
24:50
know, of what Brandon was saying is like, if the dinosaurs want
24:53
to maintain their power, then they're going to have to realize
24:57
that they're, it is a meteor on the horizon.
24:59
And the only way to protect themselves is, of course, to
25:02
adopt Bitcoin. So yes, the conversation is
25:05
starting at 1% for the third or second largest company in the
25:08
world holding, you know, market cap about $3 trillion and 1%.
25:13
You know, you guys can do the quick math and Fact Check me on
25:15
this. But hey, that's a significant
25:17
portion of the Bitcoin market currently.
25:19
And so if they start to tip, dip their toes in the water, like
25:24
someone said in the chat, when do we start talking about the
25:27
four year cycle being broken and we're entering super cycle
25:30
territory? I'm not going that far yet.
25:33
I I think we still have four more years in the cycle theory,
25:37
but I think soon enough we will be seeing that S curve adoption
25:40
happen and things are going to get super crazy.
25:43
Anyways, let's get into the show because we have some more news
25:45
for you guys. But of course, before we go on,
25:48
I got to remind you guys to smash the like button.
25:50
Comment below, give us your thoughts, of course subscribe
25:53
help us push this into the algo so more people realize what is
25:57
going on in the world and of course so they protect
25:59
themselves by buying some Bitcoin and again, got to pay
26:04
the bills here guys I know you guys don't like this but we got
26:06
to pay the bills. We are a business after all.
26:09
Make sure you go to bitcoinwell.com buy real
26:12
Bitcoin. They are on the mission to
26:14
enable independence. You need to have a Bitcoin
26:18
wallet to buy Bitcoin. This ensures that you will not
26:21
get rug pulled by buying Bitcoin on Bitcoin.
26:24
Well, it is automatic self custody by default.
26:27
This is the way guys, of course two things first, make sure
26:30
you're buying from Bitcoin only companies because we want to
26:33
ensure that the Bitcoin only ecosystem is strong, but also
26:37
make sure you're using self custody by default platform.
26:41
And of course, you can use a promo code a simply BTC and you
26:45
will get 3 tosses into the wishing well.
26:48
And of course, the wishing well is just a gamified way for you
26:51
guys to win some sets. So you have a chance to win up
26:54
to a million sets. Get your lightning wallets out
26:57
because I'm going to do one for you guys right now.
26:59
They got a funny little quote here usually.
27:01
Oh, we got let's go little Britney Spears quote here
27:05
debuting in 1998. OK, I see you you Adam, I see
27:08
you all right redeem this first person to scan this gets where
27:13
we at today 500 SAT's generational wealth on a long
27:17
enough time frame anyways, make sure you go to bitcoinwell.com
27:24
and use a problem of code simply BTC.
27:26
And also, guys, if I, if I see you in person, I, I've, I've
27:29
been working on something and I, I might have a pretty cool hack
27:32
for you guys, but I don't know if I can speak about it publicly
27:34
yet. So yeah, you and I see you guys.
27:37
Maybe I'll spread that signal soon enough.
27:39
I'm, I'm still a little, a little concerned about whether I
27:42
can talk about it publicly, but there's some cool stuff you can
27:44
do on Bitcoin. Well, if you are in the states,
27:47
but that's, that's as much as I'm going to leak for you guys
27:49
today. Go to bitcoinwell.com.
27:51
Let's get into the show. Of course, of course, of course,
28:03
guys, once you buy some Bitcoin and you take it into cold
28:06
storage, you need to make sure that you are stamping your seed
28:09
in titanium. Make sure you are backing up
28:12
your seed phrase and it isn't just written down on a piece of
28:15
paper. These titanium plates they've
28:18
been putting through the rigamarole I think is the right
28:20
word right now. They've been burnt.
28:22
They've been thrown into the ocean to fight rust.
28:25
They've been beat up by bulldozers.
28:27
They have been tested to ensure that your seed phrase will be
28:31
readable long term and that your seed phrase will last the test
28:35
of time. Of course, go to stampse-ed.com,
28:39
get yourself a stamp seed kit and use a promo of simply to get
28:43
15% off. OK guys, moving in.
28:47
Let's get to some of the numbers for today.
28:49
Of course, I'm over here on Clark Moody's dashboard and the
28:51
Bitcoin price is currently at $67,690.00 or $680 now.
28:58
And the current stats per dollar, AKA how much Bitcoin you
29:01
can buy for a single dollar, AKA how much the dollar is worth in
29:04
Bitcoin is currently at 1478 SAT's or you know, 147 bits for
29:10
the bits Max. I think we're going to, I think
29:11
the bits SAT's conversation is going to come back really,
29:14
really strong once we break the six figures.
29:17
But right now, you know, everyone has something else to
29:19
fight about and it's not bits or sets.
29:22
Current block height is 867,324. The current market cap in Fiat
29:27
terms, in dollar terms is currently at $1.34 trillion.
29:31
Again, what is that half of the Microsoft market cap is the
29:37
Bitcoin a total market cap, which means there's so much room
29:42
to run. Bitcoin is way bigger than
29:44
anyone, corporation and or even bigger than one nation's GDP.
29:49
This is a global phenomenon playing out and hey, look at us.
29:53
Look at us here. OK, there's gold market cap is
29:57
at 7.01%. We're not even at percent of the
30:01
gold market cap. Still so much room to run in the
30:04
hard money gang. And the total percentage of
30:07
Bitcoin ever be issued is currently at 94.15%, which means
30:11
19,772,671.11 BTC is currently circulating.
30:18
We won't get the last Bitcoin, the last set till 2140.
30:23
Might want to get some just in case the catches on.
30:25
All right, guys. Well, as I was telling you guys
30:28
in the beginning, and This is why I wanted to play this,
30:30
there's probably a lot of stuff that I could have played today
30:32
for the numbers. But I find it very interesting
30:36
that now we have former Fed Governor Kevin Wash basically
30:40
saying what we've been saying for a long time about the powers
30:43
that be. The politicians, the elite, the
30:46
Fed, the international bankers, They've all been gaslighting us
30:49
on the real definition of inflation.
30:53
And now it's coming out from the highest positions, basically
30:56
saying the same thing, that they keep manipulating the meaning
31:00
and definition of inflation to obviously gaslight you and
31:04
misdirect you from the root cause of inflation, which I will
31:09
obviously tell you guys. Guys, it's very simple.
31:11
But let's watch this video. Actually, I'm going to turn it
31:13
up. I was going to jump in a little
31:15
earlier or a little later here. So I'm going to just play it a
31:18
little quicker for you guys. Here we go.
31:20
We are just a few weeks away from the feds next meeting, and
31:22
our next guest says that he was puzzled by the central bank's 50
31:25
basis point cut because he thinks it contradicts everything
31:27
they've previously said about their policy.
31:29
Joining us right now is former Federal Reserve Board governor
31:31
Kevin Walsh. He's a distinguished visiting
31:33
fellow at the Hoover Institute. So distinguished, it's like,
31:36
hard to say. Distinguished enough.
31:37
Yeah, Greeks have distinguished. Bring a tie.
31:39
Sniping has already begun, Becky.
31:41
One night you take control. I think they are.
31:43
I think you shouldn't. Take things.
31:44
They're not. Yeah, you shouldn't be very
31:46
distinct. We.
31:47
Are very happy to have you here call.
31:48
Them Chairman. Why don't you just explain
31:49
Chairman? What do you mean, Chairman?
31:51
Elect. Why don't you explain what you
31:53
mean? By saying this goes against what
31:55
the Fed had been saying up to this point with their policies,
31:57
so they've had different theories.
31:58
Becky, about cause of inflation, the measures they use and people
32:02
in financial markets and media have tried to follow those.
32:06
They said for a long time, you'll recall a few years ago
32:08
they were for flexible average inflation targeting.
32:10
So inflation when it was at 17, they said we'll get it a little
32:13
higher, we'll try to bounce around 2.
32:15
They seem to have gotten rid of that idea without replacing it.
32:17
So they don't have a broad new strategy then.
32:19
They said for a long time, what really matters is core PCE.
32:22
That's what we should focus on. But it's now running at around
32:25
2.7%, nowhere near their 2% range.
32:28
About a year ago they said, well, the best measure of
32:30
inflation is now what they create a new category and they
32:32
said it was a core services X housing.
32:35
Well, that's in the force. Previously Janet Yellen and
32:38
embedded in the Fed model said what really matters is wages.
32:41
And so we need wages to run at 3%, which is consistent with
32:44
inflation running around 2, wages running around 4.
32:47
So all of this isn't to say that that there is a all this is to
32:50
say they don't seem to have a serious theory of inflation
32:54
that's theoretical and empirical.
32:56
It's not obvious that they acknowledge what their role is
32:59
in prices, extend it as something do with wars and
33:01
pandemics. I think in a world this
33:03
dangerous, an economic policy that we're fiscal policy is
33:07
irresponsible. The central bank needs to be
33:09
very clear about its reaction function, be clear about its
33:12
goals and not look like it's lurching.
33:13
That's what put us in the mess we have.
33:15
I understand your. Point I will say I can
33:18
understand their perspective if they're saying, look, it was
33:20
inflation, inflation's been coming down.
33:21
Now maybe we need to pay attention to our other mandate,
33:23
which is the jobs market. However, the jobs numbers have
33:26
been better than anticipated to over this time.
33:27
I can understand moving around and saying there are things that
33:29
are more important at different points in time.
33:33
What what do you think about the dissent that there was at the
33:36
last meeting? And do you think there will be
33:37
more at this meeting? Yeah.
33:38
So it's a, it's it's a. Fairpoint, So what you're really
33:41
saying is they've claimed that they're data dependent, right?
33:44
And when times change, they should change?
33:45
Well, of course that's right. I can't argue with that.
33:47
The data since early part of the summer has gotten better.
33:50
The economy has gotten stronger. The broad sense of the data is
33:54
the economy is in better shape. Stock market, well, the stock
33:57
market is in better shape. So if that's all true, then
34:00
maybe they're not data dependent.
34:01
I do not want to be the person accusing them of politics.
34:04
That is not the central bank. I know the members of the FOMC
34:07
that I know they don't play politics.
34:09
But when you don't have a theory of the case and you don't follow
34:11
it, it is easy to get that accusation and it's harder for
34:14
people like me to defend them. So why did you?
34:17
Interesting. Interesting.
34:19
First off, I find it very interesting that of course, this
34:23
former Fed governor, that the sentiment has come to the point
34:27
where we can actually have this conversation.
34:29
I don't know if you guys caught the headline there from squawk
34:32
Box, but it was, did the Fed get it wrong?
34:35
You know, he's being, I think he's being political in this by
34:39
saying, like I, I, I don't think they're political.
34:41
The the central banks that I know aren't political.
34:44
I would argue that all of the the different takes we have gone
34:48
on what causes inflation. You remember they kept saying
34:51
inflation is transitory. And then, you know, shortly
34:54
after it was like highest inflation ever.
34:57
And I would argue it's all been political because they have to
35:00
continue. And you know, and this might be
35:03
rough and, you know, harsh coming from from me if you're
35:06
just like an average you casual viewer, But they had to gaslight
35:09
us into believing that inflation is doing well, or rather that
35:12
inflation is under control. And then what?
35:14
Last month the Fed just cut by 50 basis points.
35:18
And it does. It almost seems like the Fed has
35:20
broke the market because it's not reacting exactly how they
35:23
thought it would. And yet most people seem to.
35:26
I again, I always reference a big short.
35:29
You know, most people are walking in what looks like an
35:31
Enya video, like everything is going exactly as planned,
35:34
everything is good. They don't really care.
35:36
And all of us bitcoins are like, hey, maybe, maybe it's set the
35:40
Fiat money's broken. Maybe that's the problem and you
35:43
want to buy some Bitcoin. That's a simple fix.
35:46
And actually what other thing that I found interesting and and
35:48
shouts out to Joe Kernan is it? Yeah, Joe Kernan.
35:51
I always I always call him Joe Kernan the the true Bitcoin maxi
35:55
on squawk box. It's interesting when former Fed
35:59
governor said something on the lines of like the economy is
36:02
doing really strong and Joe was like, well, the stock market
36:06
like yes, the stock market is doing really well.
36:08
The S&P 500 keeps hitting highs and I think this is the the the
36:14
detachment from reality and from what you see on the stock
36:19
market, us bitcoiners would argue that all the data is BS.
36:23
It's all manipulated. I forget who's the first one to
36:26
tell it tell me this, but oh, I think it was I think it was
36:30
Bellagi on Twitter who was saying that when you talked
36:33
about the Cold War. What, what you get is the Soviet
36:36
Union would basically fudge all of the the factory reports and
36:41
all of the industry reports of what they're doing.
36:43
Well, now we've got into a new financial Cold War where they're
36:47
fudging all of the financial data to try to manipulate the
36:51
the economy so that it looks a lot stronger than it is.
36:54
And even again, referencing the earlier article or report from
36:58
Microsoft, they even blatantly said it themselves.
37:01
CPI is corrupt and manipulated. And this is the metric that
37:05
everyone is looking to, if you're not well educated, if
37:07
you're not in the in the weeds about what's going on with the
37:10
economy, to prove to them that the economy is doing well.
37:13
And we don't even have to get into the manipulated
37:16
unemployment numbers. You know, all of the economic
37:19
numbers right now, as far as I'm concerned are fake.
37:21
The only real data in the world right now is the Bitcoin time
37:25
chain. Bitcoin is the true stability.
37:28
Bitcoin is the only data that we know for sure hasn't been
37:32
manipulated. And if you are smart, like we
37:35
say all the time, you update your operating system and you
37:38
start to look through the world through the Bitcoin lens and
37:41
then you get a clearer picture again.
37:43
You know, referencing the joke I just made earlier, like how can
37:46
a 65 IQ Bitcoin or like myself to be able to predict what's
37:51
going on with the economy better if my world view and my economic
37:55
data wasn't correct? It's very simple.
37:58
Change your mind to a Bitcoin standard and you can see through
38:01
all of the lies coming out from the powers that be that are
38:03
trying to gaslight us into believing that the economy is
38:07
stronger and doing better than it is.
38:09
When in reality, all of their actions are proving to us that
38:13
it's completely opposite. I would argue that the
38:16
international bankers, the central bankers of the world in
38:19
their those door meetings are probably panicking right now and
38:22
they're doing whatever they can to kind of make the population
38:26
seem a little more docile. Expect that things are going
38:29
well, that you know the money managers out there are doing a
38:32
good job when in reality they might have lost control of the
38:36
market and I don't want to you even take that risk for myself.
38:40
Hence why I'm a bitcoiner. Hence why we constantly tell you
38:43
guys that you need to save in Bitcoin.
38:45
You need to save in something that cannot be debased.
38:47
Of course, everything divided by 21 million, all roads lead to
38:51
inflation, which means all roads lead to people adopting Bitcoin.
38:55
This is the way. Anyways, I've ranted.
38:59
I've been ranting a lot today, Brandon.
39:01
Hit Take it, Take up the Take up the Mantle.
39:04
You've got a lot in your mind. That's all.
39:06
That's all it's, you know, we have, it's going to happen
39:09
faster than you think, but it's also going to take a little
39:12
time. Like we said earlier, it's
39:13
chaos. There's going to be some chaos
39:14
in between. There's, you know, you search
39:16
Google Trends and you look up Bitcoin, it we're a fraction, a
39:21
fraction of what we were in the 2017 hype, the, you know, the,
39:26
the run up there and, and we are, and then 2021 bubble was a
39:30
fraction, you know, 1/4 of what the 2017 bubble was.
39:34
Well, we're at like 1/4 of what the 2021 bubble is.
39:36
So we're at a fraction of what people, you know, so we live in
39:40
this world where and then it makes me think of on top of that
39:43
of the people not just really not searching Bitcoin, not
39:45
caring. We're in this world where it was
39:47
going and making the rounds this week, that list of what voters
39:50
care about, right? And the top three problems were
39:52
the economy, right, inflation, jobs, economy, all the same in
39:55
essence, generally. And then the solutions at the
39:59
bottom, you know, it's cryptocurrency, it should be
40:01
Bitcoin, but the solution is literally 50 things away at the
40:04
at the very bottom under. Well, I'm not going to say what
40:07
it was under, but. That, that is how far we are
40:10
away, but also this hippie bubble that we again, this, this
40:13
thing is going to change so quick like an iceberg.
40:15
I mean, we talked about the Titanic.
40:16
That's a great analogy of Bitcoin.
40:18
Another great analogy, just right, aside from that is, is
40:22
the iceberg where this bubble, the demographics are changing so
40:25
quickly. And the beauty of the Internet
40:29
and social media is that we get to see these things happen in
40:31
real time now. I mean, for thousands of years,
40:33
you didn't know what the king was doing.
40:35
You had no idea what the monarch was up to.
40:37
You had no idea what the despot was up to.
40:39
You had no idea what Genghis Khan was doing, no idea.
40:41
You had zero clue what was going on.
40:43
All you heard was all of a sudden the British were coming
40:44
or all of a sudden, you know, you just heard screams because
40:47
people were invading the other side of your tribe's camp.
40:50
And all of a sudden, like, hey, I got 4 seconds to make a
40:52
decision. Now we have the benefit of, you
40:55
know, yes, there are ills of social media, but all the
40:57
benefits of social media or we get to see the insane chaos and
41:01
these people tripping over themselves all the time.
41:04
The ruling class everywhere, they're not elites, they're
41:07
ruling class. The people have been in power
41:09
and and put in power or just born into power for centuries.
41:13
That is ending because of the new monetary shift we are going
41:16
into. So I think this is is really the
41:18
thing that is is going to drive everything and that that's why
41:21
this next wait decade, you have to hold on.
41:23
And how do you hold on you you nailed it out.
41:25
It's denominating your life in Bitcoin.
41:27
I mean, I remember Jeff Doctor, Jeff Ross saying this over the
41:30
last handful of years and many Bitcoiners saying this,
41:33
obviously, but denominating your life like tracking your network,
41:36
tracking your finances, but then tracking it in Bitcoin terms.
41:39
So you can have the dollar amount or whatever you're
41:41
tracking in whatever Fiat currency, but then have it right
41:44
there in your spreadsheet and have it in, in, in Bitcoin terms
41:47
as well. So you can see the, the
41:49
difference and you can see the contrast and what's happening
41:51
and how your net worth, you know, you might have a $10,000
41:55
net worth or $100,000 or a million or whatever it is.
41:57
And it looks like it might be growing over time.
41:59
But when you denominate in Bitcoin, it's actually getting
42:01
less. But the beauty of that is
42:03
someone said in the chat earlier is that you're actually seeing
42:05
the truth. You're actually seeing what's
42:07
actually happening with all prices.
42:08
Again, like after you just mentioned a minute ago, it's all
42:10
prices going to 0 because that's what deflation is, is And the,
42:13
the crazy part is that in technology, I should say, and is
42:16
technology is driving all prices to 0.
42:19
So at the end of the day, they're going to have to not
42:22
only because we're a debt based system, but governments are
42:24
going to have to print so much. It's going to make people's eyes
42:27
bleed because you have technology in itself, you know,
42:30
the nuclear AI, 3D, the robotics, all the things that
42:33
are coming. We talked about this demographic
42:35
and technological shift. They have to print out their
42:38
eyeballs just to try to stave off this, this deflation that is
42:42
coming. That is, it's so
42:43
incomprehensible. And again, we talked about this,
42:46
it's one of my favorite things to talk about.
42:47
And because it's right in front of everybody and it's like this
42:50
chart where everyone's focusing on, they know the problems, they
42:53
got the problem, but they don't have the solution.
42:55
The solution is right there for them and it's just out of it's
42:57
hiding in plain sight. And so I think that that's where
43:00
your life gets cheaper in Bitcoin.
43:02
Yeah. Stanley Druckenmiller, Paul
43:04
Tudor Jones coming out again. You know, basically we talked
43:06
about the the four year cycle. Well, here's the four year cycle
43:09
in terms of billionaire hedge fund guys that are are smart as
43:11
hell and they're coming out and saying the same thing they did
43:13
four years ago. Oh man, wow, people are really
43:15
holding this stuff just like we thought and why we got in 5-4 or
43:18
five years ago and here we are. Yep, I'm still long gold,
43:21
Bitcoin and maybe some short dated treasuries, right, Just so
43:24
they the cash they have can they can get it out fast and buy more
43:27
gold in Bitcoin. And then anyone in long dated
43:29
bonds like you, you were telling the story earlier about anyone
43:32
in long dated bonds, treasuries, good luck.
43:34
You're gone. I mean, you're gone.
43:35
And that's where this whole repricing mechanism and
43:38
insurance, the, the bond market, the real estate, all the, the
43:42
value, the utility value will be left.
43:44
That's about it. The bond market might not exist,
43:46
the government bond market, who knows?
43:47
I mean, that might be 100 years from now, but that's why this is
43:49
so important. It's that big of a shift.
43:51
People, you know, the, the early adopters are seeing it, the, the
43:54
people that can recognize patterns or, or at least have
43:55
the time to, most people are on the hamster wheel and can't see
43:58
what's coming, whether it's their fault or their, or their
44:01
own. Whatever the situation might be,
44:03
we have to empathize to, to whatever situation someone might
44:05
be in. But that is the, the magnitude
44:07
of what we're going into. And that's why it's so
44:10
imperative to keep stacking stats as much as you can and
44:13
keep huddling for as long as you can because this is going to
44:16
play out and your life will continue to get cheaper.
44:17
And it is the true control in the experiment.
44:20
It's you can't do a 7th grade science experiment without a
44:22
control. How are you going to do
44:23
experiment with 1000 variables? That's like living your life on
44:26
a Fiat standard. Good luck.
44:28
You need the control. You need everything divided by
44:30
21 million. I love that.
44:32
Brandon, I, I love that framing of Bitcoin is the control.
44:35
You know, Bitcoin is the fixed thing here in regards to
44:39
everything that's happening. And I just want to touch on one
44:41
thing before we move on to today's news story, which is
44:44
pretty interesting. This is why we're seeing the
44:47
freak out coming from the corporate press, coming from,
44:50
you know, the billionaire elite class, those that are in power,
44:55
the politicians. This is why they're freaking out
44:57
about social media. This is why Elon Musk is getting
45:00
attacked on his ownership of, of Twitter.
45:03
Say what you want about Musk, but ever since he, you know,
45:06
quote, UN quote, freed the bird, you're seeing this, this very
45:10
strong movement against freedom of speech.
45:13
And they're, they're trying to pin a bunch of different things
45:15
on why freedom of speech is bad. Of course, we could probably
45:19
list a gambit of reasons why they think freedom of speech is
45:22
bad, but it really goes back to just what Brandon just said.
45:25
And we referenced this article all the time by Naibu Kelly.
45:28
Do not drink the Elites kool-aid.
45:30
Remember in like the 50s there was like 5 TV news stations and
45:34
now we're in a very similar situation.
45:36
It's just not 5, you know, news channels on the television now.
45:40
It's basically five companies that own all of the media
45:42
distribution platforms. And This is why you get these,
45:46
you know, narratives that get pushed out.
45:47
All of what happened in 2020. And you're seeing that now that
45:52
people are not trusting these institutions, not trusting these
45:55
corporations, and basically young people aren't even
45:58
watching TV or watching the news.
46:00
They're getting all their news from social media.
46:02
You're seeing that they are freaking out because they can no
46:05
longer monopolize and control the flow of information.
46:09
And This is why we're also seeing an attack on free speech
46:13
currently is because a peer-to-peer communication on
46:16
the Internet is becoming the new status quo.
46:19
And yes, there is, you know, some problems and, and
46:21
trade-offs that come with that, but This is why they want to
46:25
control information so that we can't get this, this message out
46:28
to other people. And they informed themselves,
46:30
Remember, they told us the other what, a couple years ago, like
46:33
doing your own research is bad. Like, what is this?
46:37
They're literally telling you stop critical thinking.
46:39
Trust this bro, trust the experts and Bitcoiners over
46:42
here. Like, no, don't trust verify or,
46:45
you know, even on the flip side, like, you know, you can trust
46:47
people you like, but also verify the information.
46:49
And we tell you guys that all the time on the show, like, Hey,
46:52
we're human. We, you know, we're not
46:54
infallible, we make mistakes, but you know, verify the
46:57
information and, and try to connect the dots for yourself
47:00
and then come to us and, and you know, we'll get the feedback
47:03
loop going so that we are better informed so that everyone can
47:06
understand what's going on. And this is what's playing out
47:09
right now. Humanity is waking up and
47:12
they're trusting or rather searching for new sources of
47:15
information. And it's making the elite, quote
47:18
UN quote elite. I like how Brandon said the
47:20
ruling class freak out because no one cares to go to the
47:24
corporate press anymore. We've all understood a very
47:27
simple truth that they are propaganda machines.
47:29
Hence why I always troll that you know I'm I'm just a Bitcoin
47:32
propagandist here guys. You know I got my orange tinted
47:35
glasses on and we stay bullish on Bitcoin Anyway, let's get in
47:38
today's news story. We got an interesting
47:40
development coming out from Pennsylvania.
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there. OK, let's get into this news
50:01
story, guys. Maybe you saw this, maybe you
50:04
didn't, but very interesting developments coming out of
50:08
Pennsylvania and you know, say what you want about Dennis
50:12
Porter out there, but hey, he's doing his best to interact with
50:16
the legacy system and I I think this is a good initiative.
50:19
So here we got just the, you know, screenshot of this house
50:22
bill and it goes on our Twitter breaking Pennsylvania House
50:26
passes Bitcoin rights bill protecting residents rights to
50:29
self custody their Bitcoin. Excuse me and further using
50:35
Bitcoin as payment. So I'm over here.
50:37
We're going to read a little bit of this Fox Business article
50:40
here headline Pennsylvania House passes bipartisan bill to bring
50:44
a regular regulatory clarity to a digital asset Crypto ownership
50:49
Bitcoin and shit coin in Pennsylvania has accept has also
50:52
accelerated with 1.5 million residents owning some form of
50:57
digital assets. Again, if you want to go read
50:59
the whole article because I'm not going to read, I'm just
51:01
going to read the beginning of this, go to foxbusiness.com and
51:04
here we go. So exclusive.
51:06
Pennsylvania becomes the latest state to pass a bill
51:09
establishing some regulatory clarity surrounding digital
51:12
assets, continuing a trend where legislators and governors across
51:16
the country attempt to provide some rules of the road for the
51:19
US crypto industry. The move comes amid continued
51:23
confusion on the federal level over quote UN quote crypto
51:25
regulation and which federal agencies should take the lead in
51:29
enforcing basic investment rules on the still nation $2 trillion
51:33
digital asset market. Of course 1.34 ish trillion in
51:37
Bitcoin and the rest in shit coin.
51:39
But on Wednesday the Pennsylvania House of
51:41
Representatives passed a bill that protects residents rights
51:44
to self custody digital assets ensures their ability to use
51:47
Bitcoin as a payment and provide explicit guidelines around
51:51
taxing Bitcoin transactions. House Bill 2481, dubbed the
51:55
Bitcoin Rights Bill Sale, sailed through with strong bipartisan
51:59
support, winning by an overwhelming majority of 176
52:03
votes 26. The vote included 76 Democrats
52:06
and unanimous backing from all 100 Republican members.
52:11
Interesting. The bill will move on to the
52:13
Republican LED Pennsylvania Senate after the election and it
52:16
passed on to Governor Josh Shapiros desk.
52:20
The bill crafted by outside Bitcoin advocacy group Satoshi
52:24
action fund again shouts out Dennis Porter is the latest
52:27
effort to help lawmakers understand the nuances of
52:30
blockchain technology and Bitcoin.
52:33
We we we could have just eliminated the blockchain
52:35
technology and just said Bitcoin but hey it's Fox News.
52:38
Satoshi Action Fund has succeeded in helping write and
52:41
pass similar legislation in 20 other states, with four bills
52:44
becoming law in Oklahoma, Louisiana, Montana and Arkansas.
52:48
The group's main priority is to help main stream Bitcoin at the
52:52
state level and encourage state lawmakers to do what the federal
52:55
government has yet to do, establish some clear rules of
52:58
the road for crypto and normalize it as a mode of
53:01
transaction. Some state laws involving
53:04
financial products sold to small investors can be controversial.
53:07
The federal jurisdiction surrounding modes of payment
53:09
methods often trump state law. Meanwhile, the federal
53:12
government has yet to define which digital assets aside from
53:15
Bitcoin and the mother asshole that all shit coins come from
53:19
our securities like stock or bonds and fall under disclosure
53:22
rules imposed by the SEC. Here we'll read a little more A
53:27
separate federal agency, the Commodity Futures Trading
53:30
Commission, overseas crypto that is deemed a so-called commodity
53:33
with a lighter regulatory touch. Crypto regulation is morphed
53:36
into a potent political issue in an election year, with
53:39
Republican and the party's presidential nominee, former
53:42
President Donald Trump, championing fewer rules to Curry
53:45
favor with some 50 million Americans who believe the Biden
53:48
administration's heavy regulatory and has stimmied
53:52
innovation and such polarizing times.
53:54
It's great to see both sides of the aisle come together to
53:57
further innovation and prioritize security for
53:59
Pennsylvanians who own and transact with big car with
54:04
cryptocurrency. Sorry, anyways, you get the gist
54:08
of this. So we got another bill at least
54:10
coming out of Pennsylvania and I really like Marty's take here.
54:13
Shots of the Marty Bent course, you know, tales from the Crip.
54:16
He's a long time Bitcoin content creator.
54:18
I probably personally wouldn't be here if it wasn't from Marty
54:21
Bent and his take here. Proud to be from the
54:23
Commonwealth of Pennsylvania today.
54:25
And this is the real kicker. I've said it for years, states
54:27
will lead the way when it comes to protecting the rights of
54:30
individual Bitcoiners. Having the right to self custody
54:33
codified into law is important to ensuring Bitcoin remains
54:36
freedom. Any to that I couldn't agree
54:39
more. Obviously, I I'm not even
54:41
looking at the chat, but I can probably guess what the chat is
54:43
saying. Bitcoin don't need no sneaking
54:46
politicians. Obviously, I I always kind of
54:49
look at the same way. I like, yes, having some
54:52
political favor in, in, in regards to Bitcoin clarity and
54:56
having some cover over our Bitcoin self custody and our
54:59
right to use it obviously is a good thing.
55:02
But I'm kind of, you know, maybe I am a little of a, you know,
55:05
anarcho capitalist, libertarian leaning person where I'm like, I
55:09
don't need your, your OK for your permission for me to use
55:14
Bitcoin. It's not illegal, it's
55:16
permissionless, it's censorship resistant.
55:18
And it's something I say constantly on the show.
55:20
You can't ban Bitcoin. You can only ban yourself from
55:23
Bitcoin. So I'd love to see that states
55:25
are actively taking Bitcoin seriously.
55:28
Of course, just remember how America works.
55:30
Hey, it may, it may be illegal on the federal level, but on the
55:33
state level, if they ensure your freedoms to things, then you can
55:37
do it all out. What's happening with the
55:38
marijuana industry? And so I think this is further
55:41
trend of that idea that maybe, you know, I know Trump has been
55:45
talking about Bitcoin and, and the transition team for the new
55:50
presidential candidacy has been talking about Bitcoin, AKA the
55:55
Republicans have been talking favorably about Bitcoin and
55:58
saying that they will, they will clear up some regulatory
56:01
concerns. They're trying to allow Bitcoin,
56:03
they're trying to make, quote UN quote, Bitcoin the crypto or
56:06
sorry, America, the crypto hub of the world.
56:08
So we're seeing that this narrative, this trend is, is
56:12
it's definitely going towards our direction.
56:14
When you kind of compare that to the last four years that we've
56:17
had under the Biden administration where they'd
56:20
actively been fighting Bitcoin for for the longest time and now
56:25
we're seeing that again, you know, referencing the very
56:28
beginning. People have to take Bitcoin
56:31
seriously and shout out to Morpheus.
56:33
He clipped me the other day on on our Twitter from the show.
56:37
I don't know what was it Tuesday or something that you cannot
56:40
fight Bitcoin now if a politician wants to maintain
56:43
their power, then they're going to have to embrace Bitcoin and
56:46
Bitcoin as a political movement is growing.
56:49
Yes, right now the numbers are roughly at like 50 million
56:51
people, which is still significant number.
56:54
But as that grows, it's literally going to be a
56:57
landmine, metaphorical landmine that if you step on Bitcoin, you
57:01
try to fight the honey badger, then you're going to lose your
57:03
position if that's the given, if the politicians still are
57:07
restraint by the people. But I think this is another
57:10
great, great development in regards to Bitcoin being taken
57:14
seriously. Of course, you know, as a
57:16
Bitcoiner, it's like, OK, politicians are going to do
57:20
politician things. I don't think we necessarily
57:22
need a law to ensure our right to self custody, that right to
57:27
life, liberty and property is enshrined in the Constitution.
57:30
But you can also make some arguments that maybe our
57:32
politicians don't follow the Constitution anymore.
57:35
And so, hey, politicians like to make laws.
57:38
And so I love to see that they are engaging with Bitcoin on,
57:43
you know, with, with, with some optimism in a fair hand.
57:47
So new development, we'll see if it really goes into law.
57:50
But I, I thought this is an interesting development for all
57:53
of us Bitcoiners that, hey, it may be moving slowly, but it's
57:56
happening and people are taking Bitcoin seriously.
57:59
And soon enough, at least as an, as an American bitcoiner,
58:03
America will embrace Bitcoin. And I think they're going to
58:06
secure their place as the world's superpower.
58:10
But I don't know what, what do I know?
58:11
I'm speculating. Anyways, Brandon, what's your
58:13
thoughts on this? Well.
58:16
I, I think the thing we talk about all the time is the Plato
58:18
quote, right? If you're not involved in
58:20
politics, you'll be governed by your inferiors.
58:23
That is, there's no better evidence than in America the
58:26
last 100 years and people being apathetic, people being, you
58:31
know, all of our, all of our ancestors, you know, all of the,
58:34
the older generations unfortunately just getting fat
58:37
and happy. And we're now stuck with the
58:39
problem because we have it too good.
58:42
You know, I'm, I'm libertarian. I, I believe the whole system is
58:45
corrupt. So I'm not doing anything.
58:46
I mean, at the end of the day, if you overwhelm the system with
58:49
support, if you overwhelm the entire system, there's nothing
58:51
they can do about it. The problem is no one does
58:54
anything, whether it's voting or not.
58:55
Show up to APTA meeting, show up to a local, you know, Township
58:58
meeting, a county meeting, do something.
59:00
But when you don't hold people's feet to the fire, what happens?
59:04
I mean, it just logically we know what happens.
59:07
But also we have the last 100 years to see what exactly
59:10
happens. We devolve into chaos.
59:12
We devolve into democracy. We've all evolved into
59:15
democracy, as Nolan Bauerle. Nolan Bauerle would say.
59:19
That is what happened. It's majority rule democracy.
59:23
News flash, we're a Republic. We're Federal Republic,
59:26
constitutional Republic. We ain't a democracy.
59:28
We might use some democratic means, but we have devolved.
59:31
We've let ourselves devolve into a democracy so we can relax
59:35
poetic about this all day long. Something I'm as Optino is very
59:38
passionate about. However, I am a Bitcoin on your
59:42
tongue, Maxi. So whatever Dennis is doing,
59:44
awesome. Whatever simply Bitcoin is doing
59:47
awesome. Whatever we're doing with
59:48
Bitcoin trading cards, awesome. Whatever people are doing to get
59:50
Donald Trump to say the word Bitcoin awesome.
59:53
All those things are amazing. Can we get Harris to, you know,
59:55
Democrats to the Bitcoin convention?
59:57
Great. I want as many people saying the
59:59
word Bitcoin as humanly possible.
1:00:01
How? Whatever that means.
1:00:02
And that means the 3%, again, something we've talked about for
1:00:05
a long time. The 3% fought the Revolutionary
1:00:07
War, at least in the beginning, and we're the people that were
1:00:10
committed to it. Does that sound a lot like
1:00:11
Bitcoin today? Or there's a couple of percent
1:00:13
of us in an echo chamber. You know, making memes.
1:00:16
I mean, back then they, you know, they showed up with their
1:00:18
muskets and they, they did. It didn't not at first, though.
1:00:21
I mean, it was years of going back and forth and arguing with
1:00:23
the king and arguing with, with the powers that be, the ruling
1:00:26
class. And eventually it came to that.
1:00:28
Now, I hope that the chaos we're about to go through doesn't turn
1:00:31
into that. However, we do know that
1:00:33
Americans coming full circle here at the end of the day, we
1:00:37
get apathetic. We're humans.
1:00:38
We take the path of least resistance.
1:00:39
We flow like water. We just find the easiest spot.
1:00:41
We send our lazy boys, we got football on, we've got we're
1:00:45
watching whatever it might be. You know, if you're not in
1:00:47
America, maybe you're watching soccer if you're in America or
1:00:49
you're watching football or something like that, right?
1:00:50
And you are, you're just, you're happy as can be.
1:00:52
I got my 6 pack. I got my feet up.
1:00:55
I got my fantasy sports, I got my bread and circus.
1:00:57
Who cares that going to one PTA meeting a year doesn't matter to
1:01:00
me because whatever you know, I, I'm, I'm tired, you know, work
1:01:04
was too long. I'm on the hamster wheel,
1:01:05
whatever the excuse might be. Well, we've, we've now seen the
1:01:08
remnants of those decisions, a trillion decisions a day going
1:01:12
the wrong direction compounded on each other over 100 year
1:01:15
time. This is exactly where we find
1:01:17
ourselves where we have a generation of kids, people 4050
1:01:21
and under that have to figure this out now.
1:01:23
And that's why we are moving to the step change.
1:01:25
Like we talked earlier, we're moving to this new system and
1:01:27
saying, hey, this system don't work anymore.
1:01:29
This, this bond system, this government bond system that's
1:01:31
immoral, that's paid off. I'm going to give you government
1:01:34
that doesn't provide anything. I'm going to give you cash and
1:01:36
you're going to guarantee that you're going to tax me and my
1:01:38
children in the future. That's how you're going to pay
1:01:40
it back to me. What kind of system is that?
1:01:42
I mean, that's why the system is collapsing because we have this
1:01:46
ass backward system that works really for for a few people at
1:01:49
the top. Really.
1:01:50
I guess that's all you can say at the end of the day.
1:01:52
Works for the military industrial complex, works for
1:01:54
the people ruling things in the halls of power, but that's it.
1:01:57
And that's why the system is changing.
1:01:58
So if you don't get involved and it doesn't just mean voting, I
1:02:01
mean, nowadays we have voting with our feet.
1:02:03
We have voting with our wallet, voting with our voice.
1:02:05
And then you have the ammo box in the ballot box traditionally
1:02:08
where those are the two. Now we have these other three
1:02:10
ways where you can easily move to a different jurisdiction.
1:02:13
You can easily vote with your wallet now or your voice through
1:02:15
social media like we've talked about.
1:02:17
So if you're not doing one of those things, one of those five
1:02:20
things and what are you doing at the end of the day?
1:02:22
And just willingly, I know a lot of people like, well, you know,
1:02:25
shut up, Brandon. I I'd rather have my head in the
1:02:27
sand. What kind of way to to go
1:02:29
through life is that? I mean, that just pisses me off,
1:02:32
quite frankly. Why be here?
1:02:34
You know, why are you here on earth?
1:02:35
At the end of the day, it it's to further in advance humanity.
1:02:39
What are we doing? Why, how can you ever say that
1:02:41
as a human being? So again, I could talk for hours
1:02:45
about this. This is this is my whole, the
1:02:46
bane of my existence. This is my life has kind of gone
1:02:49
around this question of like, you know, not just why are we
1:02:52
here, but why are we not involved?
1:02:54
What are we doing at the greatest country, at least here
1:02:56
in America for those that live in America and the greatest in
1:02:58
in the country itself is great because of the Constitution and
1:03:02
the Bill of Rights and those, those ideals that we held that
1:03:05
were self-evident to most human, to logical human beings.
1:03:08
And we have just let them. We've become apathetic, we've
1:03:11
become indifferent, and we don't care.
1:03:14
And the end of the day, people only start caring a gun when
1:03:18
they're kicked in the face, unfortunately, maybe 100 * 10 *
1:03:21
100 * 1000 times. We seem to not learn lessons
1:03:24
until, boy, is it dire. And that's where we're going to
1:03:27
get to, unfortunately. And that's why we do what we do.
1:03:30
And that's why it's so important to do shows like this, to make
1:03:33
trading cards to, to interview people, put out content, write
1:03:36
blogs, talk to your family members, go to PTA to meet.
1:03:38
Whatever it is you can do, do it.
1:03:40
Because we don't. We want to minimize the
1:03:42
collateral damage today. That's all we're trying to do.
1:03:44
How can we minimize the collateral damage so that this
1:03:47
doesn't happen on our watch, It doesn't get as bad as we, as
1:03:51
history has shown us it can get. So what can we do to minimize
1:03:54
that damage and move into this this next transition phase and
1:03:58
and have the the landing truly not not the the Fed soft
1:04:02
landing, but a true softer landing at going through this
1:04:05
this transition. Absolute bars love it Brandon
1:04:12
all right well, we brought up Bitcoin trading card.
1:04:14
So I do want to give you an opportunity to plug that though
1:04:18
it is Friday and I'm I do have some memes.
1:04:20
So we'll see we'll see what happens.
1:04:23
Let we'll talk Bitcoin trading cards for a moment and then if,
1:04:26
if, if Brandon doesn't rant too long, I, I do have some memes
1:04:29
here for you guys. So we'll we'll we'll do that
1:04:32
right now for you guys. All right, let's go.
1:04:46
All right, boys and girls, mainly boys, but some girls we
1:04:50
love, we love the ladies out there that watch simply Bitcoin,
1:04:52
but it's mainly dudes. It's like it's OK, it is what it
1:04:54
is. Anyways, make sure you go to
1:04:56
orangepoapp.com stack friends who stacks that?
1:04:58
Maybe you'll find a girlfriend there.
1:05:00
Maybe you will, I don't know, I don't know, maybe.
1:05:02
Hey, I know that's not a dating app officially, but hey,
1:05:05
everything's a dating app if you're a Chad Bitcoin coiner.
1:05:07
So there we go. Get an orange pelap.
1:05:10
If you're the so crazy Bitcoiner out there, create an event, get
1:05:14
in touch with other Bitcoiners. I I think kind of what Brandon
1:05:17
and I talk about here constantly is this idea that yeah, you
1:05:20
know, talking about Bitcoin on the Internet is cool and all,
1:05:24
but until you take these relationships into real life,
1:05:28
that's where the real power happens.
1:05:29
Surround yourself with like minded individuals.
1:05:31
You need to surround yourself with Bitcoiners and this is not
1:05:34
only how you maintain your sanity, but how you may in fact
1:05:39
protect yourself if we find ourselves in another crazy
1:05:42
situation like we found ourselves in 2020.
1:05:44
Anyways, you know, we are on YouTube so can't go too far on
1:05:49
that, but we got Brandon here and Brandon, fellow content
1:05:52
creator, doing your interviews and stuff and of course, working
1:05:56
with the Bitcoin training cards. Shouts out to Aladdin.
1:05:59
Love him. Actually, I don't know if I can
1:06:02
sneak peek it, but I think there's a simply Bitcoin trading
1:06:06
card in the works here. So Brandon, let's plug a Bitcoin
1:06:10
trading cards right quick. And then I know you're a fan of
1:06:13
the meme, so let's do a quick, quick Bitcoin trading card show,
1:06:16
and then I'll pull up the memes for everyone.
1:06:19
Yeah, well, Heba. Pithy we have series 3 and then,
1:06:21
like we said a minute ago, it any way you can help?
1:06:24
I mean, this is something that I have 4 little children and it's
1:06:27
you know, how can we Trojan horse the world and everyone has
1:06:30
their own ways of doing it and what Aladdin started and
1:06:33
created. And then there's so many people
1:06:35
that have joined in to help with with the company and you know,
1:06:39
we the first series he was giving out a Pacific Bitcoin
1:06:42
2022, the actual Orangeville and a pack series.
1:06:45
And we're now in series 3, which is coming out pre sales actually
1:06:48
starts November 1st this week and next week coming up.
1:06:51
And they, the first series sold out in three months and then the
1:06:54
second series sold out in about 3 weeks.
1:06:57
These ones I would assume will probably sell out pretty quickly
1:07:00
again for. So for collectors out there,
1:07:02
there's, you know, they go for a certain price and then on the
1:07:05
secondary market they start going for a lot more.
1:07:07
So I've seen a lot of people buy cars with Fiat and then sell
1:07:11
them for sats, sell them for way more sats than they would have
1:07:14
got initially. So you're a collector or if you
1:07:17
like making some more sats, great.
1:07:19
That's an amazing way to, to get into it as well.
1:07:22
But it's also the education behind it is the, is the Trojan
1:07:25
horse, the orange pill in a pack, the OPP pack.
1:07:28
That's why it's called that. But it's, you know, how can we
1:07:30
get to the, to the normies? How can we get to the, the
1:07:34
normal person? And all of a sudden they're,
1:07:36
they're reading the cards. They're like, oh, freedom card,
1:07:38
you know, do your own research. What does that mean?
1:07:40
Should I get off my couch? Should I get off my lazy boy
1:07:43
instead of watching the Minnesota Vikings and the LA
1:07:45
Rams play last night? And should I actually do
1:07:47
something in my life? Or, you know, should I just keep
1:07:49
watching things, you know, you know, Bitcoin exchange, you
1:07:52
know, reading about all these things, the the Bitcoin
1:07:54
standard. Oh, what book is that?
1:07:56
You know, reading about the gold standard, reading about the the
1:07:59
Nixon shock, reading about the Bretton Woods agreement, All
1:08:01
these things are inside of Bitcoin trading cards.
1:08:04
And then the back of the cards explain what is actually going
1:08:08
on in said artwork, which is all original artwork from Bitcoin
1:08:11
artists. So Aladdin and then his team of
1:08:13
artists that that work on the cards, just gorgeous art.
1:08:17
And it is, you know, whether it's young or old, men or women,
1:08:20
the community has been growing rapidly over the last year and a
1:08:23
half plus. And it's, it's an unbelievably
1:08:26
based community. It's a very, very, very similar
1:08:28
community to the simply Bitcoin community.
1:08:29
To be totally honest, I spent a lot of time obviously in both of
1:08:32
these communities and our, our Telegram chat.
1:08:34
So there's very base community, very hardcore, you know, freedom
1:08:38
loving, you know, red pilled, orange pilled people.
1:08:41
So it's, it's an unbelievable community to be a part of in
1:08:44
the, in the Telegram chat. But we do have series 3 coming
1:08:46
up soon on the website. You guys see the bundles be
1:08:48
coming up and the the ethos at the end of the day in is
1:08:53
obviously education. What are we can do?
1:08:55
How are we can doing something else?
1:08:56
We're just at a front row card show in Vegas.
1:08:58
We're just at a normie trading card conference this past
1:09:00
weekend, the whole team. So doing that, how can we get
1:09:03
out true boots on the ground education to the normies.
1:09:07
You know, there's not a lot of companies doing that right now
1:09:10
and Bitcoin trading cards is one of the companies out into the
1:09:12
normie masses having conversations, creating content
1:09:15
with normies and in trying to incept that that Bitcoin Trojan
1:09:19
horse into society. So check it out the website
1:09:23
right there after you shared it big launch here coming up and
1:09:26
they're going to go fast. So if you're into that stuff,
1:09:28
check it out. But it's appreciate you guys.
1:09:31
Let me show it here today. Love it.
1:09:33
Love it, Brandon, and interesting story.
1:09:35
Before I get to the memes and we don't even Full disclosure, full
1:09:39
transparency, we don't even have the meme review updated up here,
1:09:43
so I'm just gonna go straight into the memes.
1:09:44
But one funny story that I did hear from, I think it was you or
1:09:48
Aladdin. I think it was Aladdin, you guys
1:09:50
were at a conference or convention for just, you know,
1:09:54
normie about cards and people coming up to you guys about,
1:09:57
wow, I didn't know. I didn't know that the CEO of
1:10:00
Bitcoin had a trading card company.
1:10:02
Like this is amazing. And it just goes to show how
1:10:04
much education really needs to happen on the grassroots level.
1:10:08
People still don't understand what Bitcoin is, what the
1:10:12
movement is about, what it means to save in something that cannot
1:10:15
be debased. And you know, a lot of people
1:10:17
kind of tune out when it comes to economics and I know
1:10:20
inflation is becoming a very big concern right now.
1:10:23
It's one of the hot button topics in regards to the
1:10:26
elections, but it's just incredible how few people
1:10:29
understand what is really going on.
1:10:31
And I think you guys are doing a great job.
1:10:33
And yeah, like I said, you know, I if you if you like simply
1:10:38
Bitcoin and you like trading cards, I I think we might want 1
1:10:41
coming out soon. And also actually, one more
1:10:44
thing before I go into, yeah, maybe, maybe wink, wink.
1:10:48
The story of Nico was telling me he signed one of his trading
1:10:52
cards and on the black market or the secondary market, that
1:10:55
wouldn't be black market, secondary market, someone was
1:10:58
selling it for like $500. And he's like, wait, what the
1:11:01
Hell's going on here? This is crazy.
1:11:03
Absolutely incredible. Wait, wait.
1:11:06
The trading card market. Is billions and billions and
1:11:09
billions of dollars. So it's it's a wide, yeah,
1:11:12
wildly massive market. Really, really quick though,
1:11:14
someone in here said this podcast made me cringe
1:11:16
tremendously. So much propaganda with asking
1:11:19
people to vote harder. If if I gave you a 5 different
1:11:22
things, plus going to meetings and and galvanizing people
1:11:25
around you between what Opti and I said, I've always talked about
1:11:28
it's not about voting harder. You you can't vote harder.
1:11:31
And that's the whole point of all this.
1:11:33
So anyway, I just wanted to clarify that it's it's the
1:11:35
common of people to not be lazy and to persuade other people and
1:11:40
get people off their ASS in order to go do things because
1:11:43
voting harder clearly isn't isn't what's going to work.
1:11:47
Love it, love it. OK, Yeah, there.
1:11:51
There's no NFTS, guys. This is a physical NFT real.
1:11:54
Real, physical, actual. It's a training.
1:11:57
Card OK all right guys, I know we're going a little long.
1:12:00
I could wrap up today's show, but you guys been asking for
1:12:03
this for a while, so here is the meme review.
1:12:05
We haven't done it in a while. We haven't done it in a while.
1:12:09
You guys are yelling at me. So I'll run through this just
1:12:12
quickly. Usually, you know, I review the
1:12:14
memes and then you drop a score in the chat and then we bring up
1:12:18
some scores. So well, hopefully we do this
1:12:21
quickly. I should be able to get this
1:12:23
under a couple minutes. So first one is by Bitcoin under
1:12:26
score Teddy on Twitter and he goes, Bitcoin isn't about
1:12:30
escaping the system. It's about creating a new one.
1:12:33
And here you go written in Sharpie.
1:12:35
This is probably the main message we got to get across to
1:12:38
people. It's not about recreating the
1:12:40
old system. It's about building a better
1:12:43
system. And that's what every one of us
1:12:45
is out here doing. This next one, you know, it's
1:12:48
just a just a screenshot of a very famous book that you should
1:12:51
probably read. It's I, I would argue it's a
1:12:53
behemoth. I've read that.
1:12:55
I think about, I read this in like when I was 17 or 18.
1:12:59
And when I read it, I thought I was like, no, this is a
1:13:01
conspiracy theory. You know, this, this isn't
1:13:03
really how things happen. And then one of my professors
1:13:06
was talking about I'm like, oh, wow, OK, maybe maybe I'm heading
1:13:08
the game. This is exactly how the Fiat
1:13:11
system works. This is exactly how the Fed was
1:13:13
created. Anyways, here's a screenshot, of
1:13:15
course, of The Creature from Jekyll Island by G Edward
1:13:18
Griffin. A second look at the Federal
1:13:20
Reserve and we got shots at the Mitchell Hoddle Epic Zoomer out
1:13:24
here. And he goes Inflation is by
1:13:26
design. Don't forget that.
1:13:28
This is a message again, encapsulating everything we
1:13:32
talked about on the show. Inflation is by design.
1:13:35
This next one is actually hilarious.
1:13:38
I think he's trolling bit corners here a little bit, but
1:13:41
maybe he's he's a part of irresponsibly long master.
1:13:45
So maybe he's a master bull here, but I I found this one
1:13:48
hilarious at JDC 493. This is the obvious Vince
1:13:54
McMahon meme where he's looking at stuff and he gets more, more
1:13:57
and more excited. The first one is, you know, he's
1:14:00
looking at it, he goes buy the company that's mining the
1:14:02
Bitcoin AKMR and it looks OK, OK, and then it looks, you know,
1:14:07
a little crazier eyes buy the company that's selling the
1:14:09
Bitcoin. We will not name this shit coin
1:14:12
company. So you know, in exchange.
1:14:14
And it's like, oh, and then it's buy the company that's buying
1:14:17
the Bitcoin, MicroStrategy. I thought this was hilarious.
1:14:22
You know, you could I know MicroStrategy is doing really
1:14:25
well, but you could also just buy the spot Bitcoin.
1:14:29
I know MicroStrategy currently is outperforming Bitcoin and it
1:14:31
might continue, but I just find that funny, you know, by the
1:14:34
company that's buying Bitcoin, it sounds like, you know, taking
1:14:39
secondary secondary steps to just buying Bitcoin.
1:14:42
I don't know, maybe maybe again, I'm just a 65 IQ person over
1:14:45
here. This next one, not really a
1:14:47
meme, but it was very interesting and and kind of
1:14:50
cool. Actually, my first take on this
1:14:52
is like, I don't I don't really like this stack.
1:14:54
Like what? I'm not really a fan of the
1:14:56
statue. But when you kind of think about
1:14:58
it where, you know, he looks kind of invisible, kind of
1:15:01
playing on and on. And maybe it's kind of growing
1:15:03
on me. But anyways, the city of Lugano
1:15:06
hasn't veiled a statue of Satoshi.
1:15:09
It's him sitting on a laptop. And if you look at it from the
1:15:12
side, you can see the whole figure, you know, a hoodie.
1:15:16
What? What do they call this man?
1:15:18
I forget what they call this, like cloaked anonymous bit
1:15:22
corners out here. He's in a hoodie looking at his
1:15:23
laptop in the the I forget Indian sitting style.
1:15:28
I forget what we used to call it anyways, But when you look at it
1:15:30
on from from straight ahead, it's like he's invisible, which
1:15:34
I I think that's a pretty cool touch, though.
1:15:36
You know, I'm I'm more of a fan of like Greek and Roman statues,
1:15:41
but I guess in today's modern times, I I guess this is a cool
1:15:45
statue. I I want to see some marble.
1:15:47
You know when statue of Satoshi chiseled out of white marble.
1:15:53
Let's let's let's get some throwbacks here.
1:15:55
But hey, cool, I guess it's cool.
1:15:57
I guess it's cool. All right, this next one is I'm
1:16:00
going to read C KS tweet first, because I think it could
1:16:03
encapsulation of what everything's going on on today's
1:16:05
show. Normies keep asking themselves
1:16:07
what if the Bitcoin people are right?
1:16:09
News flash, it's obvious the Bitcoin people are right.
1:16:12
Are you normies even paying attention to all the crazy
1:16:16
around us? Or do you need a message from
1:16:18
God in your sleep to figure this out?
1:16:21
And then lid Alden drops a meme and it's oh man, I'm blanking on
1:16:27
this Michelangelo right painting where the Adam and God, you
1:16:30
know, I really like the background of it where like
1:16:32
Adam, you know, it doesn't have an outstretched finger and God
1:16:36
fully outstretched trying to get in touch with him.
1:16:38
And anyway, she repurposed this just took a screenshot of God
1:16:42
and it's pointing at you buy Bitcoin, LOL.
1:16:45
Do you need a message from God? Well, the message is a buy
1:16:48
Bitcoin. This is the way.
1:16:51
OK, all right guys, drop your meme review score and I will
1:16:54
read them live. Actually, I almost forgot how we
1:16:57
do this. So Brandon, let's let's do yours
1:17:01
first while I set everything up. What is your meme review score
1:17:04
for today? Spin a minute.
1:17:07
I've got the. You know how I roll I've got
1:17:11
AUSA big hockey jersey. Let's go from a boy holler was
1:17:17
official. So some Canadian Bitcoin
1:17:20
conference look at that bad boy. That was the game-winning jersey
1:17:22
right there too. I That was the game-winning.
1:17:24
Jersey Let's go 94. American Canadians, Sorry.
1:17:27
Boys, sorry. Let's go.
1:17:29
No, no, don't ever apologize to the Canadians.
1:17:32
Sorry, I'm not sorry, USA. Is superior.
1:17:35
There are ugly red headed stepchild up there, You superior
1:17:40
USAUSA. Oh man, I'm really only trolling
1:17:48
because you know Adam from Big Clenwell and they're in Canada
1:17:50
and every time I see them I'm like, hey, this is cool and all,
1:17:53
but like, you know, the only country that matters is America,
1:17:56
right? Like, I don't care what you do
1:17:58
in Canada. Yeah, I don't care what you do
1:18:00
in Canada. It's all about America, bro.
1:18:02
America. All right.
1:18:06
Anyways, anyways. Anyways, I'm going to give it my
1:18:11
stamp seed. Can you see that wait, you can't
1:18:14
really see it. I don't think it's going to
1:18:16
focus on you. Let me see there you go there
1:18:18
you go my Bitcoin stamp seed stamp here.
1:18:24
Let me full screen it so you can kind of see it.
1:18:28
You. I don't I don't think it's going
1:18:29
to work, but it's the B, it's the it's the Bitcoin, the logo
1:18:35
stamp seed. Let's see.
1:18:37
Let's see. Can you see it?
1:18:39
Can you see it? There you go.
1:18:40
Yeah, you can see it right there.
1:18:41
Stamp seed. All right, kind of hard.
1:18:43
Kind of hard for you guys to see it.
1:18:45
All right, all right, all right, well, this show is about to wrap
1:18:48
up, guys, so let's get a few of these scores before we roll this
1:18:51
out. It's been a minute.
1:18:52
I know you guys want the meme review.
1:18:54
It's Friday, so we'll do a little longer show today for you
1:18:56
guys and then of course, if you guys tune out at the end with
1:19:00
the meme review, like I'm going to nuke the meme review.
1:19:03
Throw the tomatoes all you want, it is what it is now.
1:19:05
I will bring the meme review every once in a while.
1:19:07
All right, here we go. 1st meme review score is by Rave
1:19:11
Elevator. And it goes, I score the memes.
1:19:13
One word salad from a presidential candidate.
1:19:15
Yes, exactly. All right, we got multi stacker
1:19:19
5 Peppers for new system, 4 Peppers for God.
1:19:22
OK, OK, I I endorsed this message.
1:19:26
Next one is by Robert Schmidt and he goes mean score Opti
1:19:29
loves Greco Roman wrestling. Dang, all right, you got me
1:19:34
there. You got me there.
1:19:35
I I definitely set myself up for that one.
1:19:39
Next one is by Mikkel and he goes mean review score Opti's
1:19:43
lettuce. OK, all right, next one one is
1:19:47
SP because I give these memes the calluses on up these hands
1:19:52
from lifting all lifting this all up every day.
1:19:56
Yes, I have man hands here. I do have calluses.
1:19:59
I know I work on the computer guys, but I do have calluses.
1:20:02
I have man hands. Sorry, not sorry.
1:20:05
All right, let's see. Over here on rumble, we got out
1:20:08
of compliance. I give the meme score one dark
1:20:11
Satoshi statue. Let's go, Vishnok meme score.
1:20:14
Wagey Wagey, get back in the cagey.
1:20:18
All right, next one slippery rabbit meme score.
1:20:21
Don't trust verify hoodie from FOMO 21.
1:20:25
OK, all right, we we got a we got a free plug here.
1:20:29
We got a free plug here. OK, all right, well, we didn't
1:20:32
run out of meme scores. We got the buzzer.
1:20:36
We got the buzzer. All right, buzzer time.
1:20:39
All right, guys. Well, we made it through the
1:20:41
week. Feels good.
1:20:43
Wow. Look, I'm sweating over here.
1:20:44
Sheesh. I can tell boys.
1:20:47
Putting in what? Calluses and armpit sweat.
1:20:49
Your your boy is killing it over here.
1:20:51
This is a real job. Anyways, Brandon, let's plug
1:20:54
your socials real quick before I roll this one out Twitter.
1:20:57
And then let's plug the Bitcoin trading card website one more
1:21:01
time. Yeah, yeah, Bitcoin trading.
1:21:03
Cards website, isbtc-tc.com or btc-card.com.
1:21:08
And then my socials are Brandon, under score, Genteeli, Twitter,
1:21:13
YouTube, everything. So you go check us out there are
1:21:15
we do podcast interview people all across Bitcoin freedom macro
1:21:19
space, maybe some political people in there too that are
1:21:23
that like freedom and that's our Bitcoin trading cards packet
1:21:27
that I that I roll and yeah, so that's that's it.
1:21:29
Go check it out. We'd love to have you in the
1:21:30
community and similar to this one.
1:21:32
So thanks boys, Appreciate it. Let's go.
1:21:34
Appreciate. It Brandon, yeah, first of all,
1:21:37
obviously appreciate you always coming off the bench when you
1:21:40
can. You know, we got a solid we got
1:21:43
a solid rotating of members coming on the Bitcoin show so
1:21:47
that we can keep giving you guys content five days a week.
1:21:51
You know what I don't know what the math is, but 365 days I
1:21:55
don't know 300 and something plus days a year, of course, of
1:21:59
course also just appreciate you, Brandon, good friend.
1:22:03
I love Brandon go follow him stick around, stick around on
1:22:07
the back end, and we'll chat before I roll this one out.
1:22:10
All right guys, actually actually one last thing I do
1:22:13
want to we got one more meme Rd. meme review score and I'm only
1:22:16
going to give it the shout out. Even though I hit the buzzer,
1:22:18
it's by scratch 9 and he goes score 65 for IQ confirm.
1:22:22
All right, OK, it's OK, it's OK. All right guys, we went a little
1:22:27
long today, but of course it's Friday, so you got to wait till
1:22:31
Monday. We go live 12:15 PM.
1:22:34
Well, you know, after 12/15, 12:15 is the official time on
1:22:38
YouTube, but we start usually 10 minutes after.
1:22:41
It is what it is guys. So come 10 minutes after you
1:22:43
already know. Anyways, it is the weekend guys.
1:22:47
So get outside, touch some grass, get some vitamin D on
1:22:50
your body. This is health advice.
1:22:55
Call your loved ones. Well, the person you're yelling
1:22:58
at on Twitter is going to be there when you get back anyways.
1:23:01
Watch out for Dante dropping a video tonight on our channel.
1:23:05
Of course, Bitcoin simply by Dante and we'll be back
1:23:09
tomorrow. Nika will be back on Monday as
1:23:11
well. On that note, boys and girls,
1:23:13
this has been your boy Opti and we are out.
1:23:17
Another week down. Peace out bybitcoinwell.com a
1:23:23
Bitcoin only platform on a mission to enable financial
1:23:27
independence.