Latest / Simply Bitcoin / Europe Wants to Ban Bitcoin Mining for Good | EP 604

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Europe Wants to Ban Bitcoin Mining for Good | EP 604 · Simply Bitcoin

0:17
Yo. Today is October 19th 2022.
0:20
Welcome to Simply Bitcoin live your number one source for the
0:22
peaceful Bitcoin Revolution, we come to the breaking news
0:25
culture, dramatic Warfare, we will be your guide through the
0:28
separation of money and state. Speaking about the separation of
0:31
money and state, the state is fighting back.
0:35
So we're going to talk about where some news from Europe.
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Bloomberg article basically saying that European politicians
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want to ban proof-of-work mining.
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And you know what they're advocating for proof of stake so
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we're going to get into the details of why that is.
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And we also have some very special guests to talk about all
0:55
that with, they actually work in the industry, they're part of a
0:59
company called g0 B. Mine is that I say it, right?
1:03
Yes, sir, boom, this is Tommy and Jay Jorgensen.
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Are you guys doing? We are doing well.
1:10
We're happy to have you guys on the show.
1:14
It's gonna be a great panel. These gentleman actually, I work
1:17
in the industry. So I'm going to read some of
1:19
these articles and I'm going to get their opinions right on the
1:22
spot of how they feel, right? Because it's important to get
1:25
both perspectives. And for some reason, the
1:27
politicians never get the perspectives of actual Bitcoin,
1:30
miners, right. And of course, my legendary
1:33
co-host. He's always optimistic The
1:36
Optimist field. How you doing Opti?
1:38
I am doing great Nico on my third cup of coffee.
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So, you know, I'm going to be hype this morning and I just,
1:45
just a tidbit of course, The EU is a shilling proof of stake
1:52
could have saw that one coming Miko so, you know, it's getting
1:57
very obvious where their biases but I'm hyped to have some
2:00
actual miners in the house today.
2:01
So we can, we can counter this stuff, counter the Fudd.
2:05
And then of course on the culture, I had an article queued
2:09
up for for you guys. It's a Bitcoin magazine article
2:11
that actually made its way on Zero Hedge.
2:14
And that's how I saw the article and this kind of way.
2:16
I wanted to bring it up, I'll bring it up in the culture but
2:18
it's five examples of Bitcoins real-world utility.
2:21
So again, guys, you can't stop the signal.
2:23
Can't stop, can't, stop the signal.
2:26
So anyways gonna be a great show, guys, let's get to it.
2:29
Let's do this. Number two brought to you by
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All right, everybody at the time of recording, the Bitcoin price
3:00
is 19,000, 242. SATs per dollar, 5,000 196,
3:05
block height seven hundred fifty.
3:07
Nine thousand three hundred ninety-nine reachable Bitcoin
3:09
nodes 14,000 391 blocks to The Happening. 80,000 601, having
3:15
estimate April, 19-20 24 total. Lightning network capacity for
3:19
1977 capacity. Value 9, 95 million.
3:24
U.s. dollars realized monetary inflation.
3:26
Bitcoin continues to take Fiat currencies to school.
3:29
One point seven, eight percent market capitalization.
3:32
Nine billion dollars. Anyways, I have a video for us.
3:35
That was actually played in mainstream media and again
3:38
you're hearing that case. Once again, write that Bitcoin
3:41
is actually a net positive for the environment.
3:44
It actually gives value to stranded energy per before that
3:49
standard potentially didn't have any value.
3:51
I'm going to play the clip and I'm going to talk to these
3:53
gentlemen about it. Let's check it out.
3:56
Well, it could be part of the future of digital currency or it
4:00
could be a new way to clean up the environment, or it could be
4:03
both Action News. An incremental.
4:04
Donald pays a visit to the Panther Creek Plant and Carbon
4:07
County PA, which uses the waste from old coal mines to power a
4:12
Bitcoin mine. It is 2,800 miles away from
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Silicon Valley and yet the borough of Nesquehoning tucked
4:22
into a valley in Pennsylvania, coal country is the site of
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America's newest. Large-scale Bitcoin mine.
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What do you think about the Bitcoin mind here?
4:30
Didn't know they had a Bitcoin mine, I thought of as a minor
4:33
years ago, but as far as what you call it, I never heard of it
4:37
that way publicly traded stronghold.
4:40
Digital mining purchase the Panther Creek, energy, facility,
4:43
a defunct, coal plant, in town to power its Bitcoin mind energy
4:48
industry veteran. Bill Spence says, he came up
4:50
with the idea to make money on digital currency.
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While also cleaning up his home state of coal refuse, It's I
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think I'm curious painfully curious, you get the Bitcoin,
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you get rid of that absolutely there's a direct correlation in
5:06
art with us with Bitcoin and cleaning up the environment.
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So gentlemen, what do you think about that?
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Is that true? It will Bitcoin.
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Help clean up the environment. Well, let me take this angle, I
5:22
think the better question would be is Bitcoin going to improve
5:27
the energy Grid in the environment that it's serving
5:32
where the community that it's serving.
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Looking at it from the angle and that case is speculative.
5:38
I'm not sure how I feel about that because it's Coal.
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Energy is the coal going to sit there regardless and have some
5:46
sort of carbon And there or we going to burn off all of that
5:50
coal to produce the energy needed to mine Bitcoin on the
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Bitcoin server network is a very interesting question and and I
6:00
would look at it that it has an opportunity to serve communities
6:05
worldwide, and I can dive more into that.
6:07
But, as your question more on the Pennsylvania site, that
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we're looking at specifically knowing what future feel free,
6:13
feel free to elaborate Bitcoin mining in general will, Bitcoin
6:16
mining is, is it Data center a data center or server Center
6:20
just like any other company that has to process information data.
6:26
The more data, we consume more, the more data that we have
6:29
requires more energy. However, what's really unique
6:32
about the Bitcoin network is that it's flexible.
6:36
It can ramp up, and it can ramp Down.
6:39
Based upon what the grid demand is.
6:43
Let's use Netflix for example. They can't necessarily shut down
6:46
or there's going to be a lot of angry.
6:48
People not being able to stream their favorite shows or we can
6:52
use Google as a source, we're on the world wide web right now as
6:57
we speak that consists of servers and data centers that
7:00
require vast amount of energy. So it's really unique about
7:03
Bitcoin is we can adapt to that and balance out the grid,
7:08
whether it's through stranded, gas or stranded assets or being
7:12
on the grid and being able to balance.
7:15
Whether it's the western or the Eastern, were the ercot And
7:18
Texas which we have a lot of studies that have proven to be
7:22
very beneficial this past summer, especially in our
7:24
continent Texas. I'll leave it at that because I
7:27
got a lot more. I could dive into but Bitcoin.
7:30
Yes Bitcoin is out of call us at oh she's second.
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Gift would be Renewables and moving.
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Sustainable energy movement forward?
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Beautiful. Tommy, you want to add to that?
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Well, I think yeah, Jay said it really nicely there.
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You know Gio bit. Is kind of our Mantra is, what
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are we doing with the energy? What are we doing to enhance the
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the local economy in the area that we're at?
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We're kind of all about decentralization, you know.
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In this particular case, I think they're trying to serve a
8:06
purpose and that Community. It is a quick.
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It's a quick fix, right? It's a quick solution.
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It's not a long-term solution to a bigger.
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I think a bigger opportunity that's out.
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Out there and I think gee I'll bet mine.
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We were looking at the big picture long-term not just a
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little quick fix. Yeah, absolutely.
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So very interesting love all the different perspectives.
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Opti, what are your thoughts on that?
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It's crazy how we're talking about Bitcoin, the way they are
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on mainstream media. And I think Jay said something
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really interesting and the anchor actually touched upon
8:42
this as well. Is he said it in the very
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beginning. He's like, look, you could mine
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Bitcoin, but it could potentially clean up the
8:47
environment as well. Or it could be both, right?
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And I think that's the signal there and Jay you touched upon
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this. I think that's what makes
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Bitcoin. Very, very unique.
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No. Other cryptocurrency could
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provide that type of feature, right?
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That that that that's unique to bitcoin anyways.
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Opti. What are your thoughts, bro?
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Well, first and foremost, I just want to comment on the way that
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everyone was saying Bitcoin, mine in that in that clip.
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It, I don't know. It had it had a funny ring to it
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when I was listening to it but another one, you know, another
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Point, again, you can't stop the signal even when they try to
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dunk on bitcoiners, just signal still getting out there and
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furthermore, I really like Jays. Meaning of Bitcoin mining is
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just a Data Center and like like we're saying, you know, we use
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we like computers and we use them for other things but when
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it gets framed with Bitcoin mining, it seems like we're
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destroying the environment. But as we know you Bitcoin
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incentivizes good energy, use it uses stranded energy and you
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know I hate to double down on the idea but Bitcoin will clean
9:50
up the environment. You know, because we will use
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our energy better and Or more. What's wrong with using energy?
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I'm a fan of energy. I do not want to go back to the
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Stone Age. Has electricity is good so we
10:04
need more energy. Used to secure the best Ledger
10:08
and the most censorship resistant Ledger in the world.
10:10
So shouts out to that local news, that continues to spread
10:14
the signal. You can't stop the signal.
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It's again, it's all good marketing for Bitcoin.
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Everything's good for Bitcoin, anyways.
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Alright guys, let's get to the news another Interesting attack
10:26
fight by the EU. We know the route that they're
10:28
heading towards and it's very, it's interesting because the
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White House had very similar wording in the report that they
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released a couple months ago or about a month ago called the
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climate energy implications of crypto Assets in the United
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States. And it's very interesting how
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they attack Bitcoins proof of work mining.
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We're going to make the case today, why I believe that is
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nefarious and why we believe or I believe that's more so about
10:51
controlled and actually caring about the environment.
10:54
Anyways, it's good. To it.
10:58
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this Bloomberg article EU puts Bitcoin and crosshairs with
11:26
crypto. Energy labeling, plant.
11:28
Now, what's really interesting about this?
11:29
Block will great cryptocurrencies to lower power
11:32
consumption. Moon could encourage miners to
11:35
move to proof of stake model. That's very intrigued by proof
11:39
of stake. Anyways, it's get to the article
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says the European. Union will develop an Energy.
11:42
Efficiency label for crypto currencies like Bitcoin in a bid
11:46
to rein in the growing electric electricity consumption.
11:48
The industry of the industry, the European commission will
11:51
work with International Partners to come up with a grading
11:53
measure that will encourage more environmentally friendly.
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Systems such as proof of stake, according to a draft proposal
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scene by Bloomberg News set to be announced Tuesday.
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The EU will also call on countries to Target miners
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energy. Consumption this winter, as it
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tries to navigate the season with far less Russian in Russian
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gas. Now, it's really interesting
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about the proof of stake narrative, right?
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And you kind of have to think about it.
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What makes proof-of-work, special proof of work is what
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makes Bitcoin up uncorruptible. It's what levels the playing
12:25
field between you. And the elites proof of stake is
12:29
back to the old system where the holders that have the most at
12:33
stake in a therians case, it's the exchanges.
12:36
It's the etherium foundation. Have the most amount of
12:39
influence over the network, what makes Bitcoin unique is that if
12:43
even, if I have point zero one Bitcoin and Michael sailor has
12:47
100,000 Bitcoin and the eyes of the Bitcoin Network.
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We are the same and that's very bad news for governments.
12:56
It's very interesting how they advocate for proof of steak but
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they bash proof-of-work. Now, we know that aetherium has
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already migrated to proof of stake, right?
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And it was not too long ago and already 52% of of relays in the
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etherium network since its move to proof of stake are already
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censoring. I said that right for the US
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government according to Mev watch 52% Enforced ofac
13:28
compliance ofac's. The office of foreign assets
13:31
control, it's part of the Treasury Department and they are
13:34
the ones that enforce sanctions. You want to know what agency
13:39
sanctioned tornado cash for the first time the US government
13:42
sanctioned open source software rather than an individual or
13:45
government. It was also the ofac why did
13:49
this happen proof of stake anyways, going on.
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So it, you know it could put two and two together rise.
13:56
Why Why you know it's like proof-of-work bad proof of steak
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good you know it's very interesting just as their use
14:01
has grown significantly. The energy consumption of
14:06
cryptocurrencies has more and harnessing the use of courtesan,
14:09
other blockchain technology, and energy markets and trading care.
14:12
Must be taken to use. Only the most energy giant
14:15
versions of this technology. Keep in mind, these are the same
14:18
European politicians that literally caused Europe's energy
14:23
crisis. These are the same people that
14:26
are trying to centrally plan pick and choose what currency
14:31
you're allowed to use. And what currency you're not
14:34
allowed to use and you had very similar wording.
14:36
Also from the White House. This is the climate and energy
14:39
implications of crypto Assets in the United States.
14:41
Nick, Carter did a beautiful debunk.
14:44
This is part of his medium article and I'm going to read
14:48
you a passage from the report, and then I'm going to read you
14:51
Nick Carter's response to it, it says the Environmental
14:53
Protection Agency the department.
14:54
Of energy and other federal agencies, should provide
14:57
technical, assistant and initiate a collaborative process
15:00
with States communities. The crypto asakim industry and
15:04
others to develop effective evidence-based, environmental
15:06
performance standards for the responsible design development
15:10
and use of environmentally responsible crypto asset
15:13
Technologies. These should include standards
15:15
for very low energy intensities, low water usage, low noise,
15:19
generation clean, energy, usage by operators and standards that
15:22
strengthen over time for additional Carbon-free
15:25
generation to match or exceed the additional electricity load
15:29
of these facilities. Should these measures proved
15:32
ineffective at reducing impacts, the administration should
15:35
explore executive actions and Congress might consider
15:38
legislation to limit or eliminate the use of high
15:41
energy, intensity consensus mechanisms for crypto asset
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mining's. Of course when they say that
15:46
they're talking about proof of work.
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Dio e an EPA should provide technical assistance to state
15:52
public utility commission's Environmental Protection.
15:54
These and the crypto acid industry to build capacity to
15:57
minimize emissions noise, water impacts and - in economic
16:02
impacts of crypto asset Mining and to mitigate environmental
16:04
injustices to overburden communities.
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Now, Nick replies beautifully, he goes to say to, simplify they
16:13
want to require the Bitcoin miners are bringing new net,
16:15
renewable generation online and order to be eligible to mine.
16:19
Additional carbon free generation to match or exceed,
16:22
the additional electricity load of these facilities.
16:24
Oddities no, such requirement for any other industry in the US
16:29
period. So goes to say, is it really
16:33
about the environment? The gold mining industry is not
16:38
not meant to adhere to those standards or is it more so about
16:41
control? And then we have the case of
16:42
Norway which in my opinion, is the Smoking Gun goes on, to say
16:46
the proposal to ban Bitcoin mining.
16:48
In Norway was first suggested in March.
16:49
This year, by by the red party, in this week's vote, The
16:53
Proposal was Returned, as only Norway's left-leaning parties,
16:57
including the social left party, the red party, and the green
17:00
party would support a ban on cryptocurrency mining.
17:03
Now, the reason I say Norway's The Smoking Gun is because if
17:06
you look at the energy Generation by Source in Norway,
17:11
98, percent comes from renewable energy, 100% of Bitcoin.
17:18
Miners in Norway. Come from renewable and it's
17:22
powered by renewable energy, but they still wanted to ban.
17:24
It. And why is that?
17:26
Because again, you can't control proof of work.
17:30
You can't dictate how people spend their money.
17:33
You can't censor people, you can't stop people.
17:36
And most importantly, I think this is the, the the the, the
17:39
difficult part that hard pill to swallow for governments, you
17:44
can't steal people's money through inflation, so crock of
17:50
shit. Anyways.
17:52
So it's going to talk a little bit about Bitcoin, the Bitcoin
17:55
mining Council and they released a report yesterday again I want
18:00
you guys to pay attention to the standards that the Europeans and
18:04
the White House are wanting the industry to adhere to.
18:07
But if you actually look at the receipts if you actually look at
18:10
the data you you'd see that the Bitcoin mining industry is one
18:14
of the most efficient and green Industries ever much, more
18:17
efficient than other Industries. So why are we for?
18:21
Why is the industry forced to live up to such standards?
18:25
Why is no other industry for us to live up to some standards?
18:27
Why aren't the bank's forced to such standards because
18:31
governments can control the banks?
18:33
And he was except to it let's check out this thread.
18:35
Bitcoin is 99% of all crypto hashing power.
18:39
Making it overwhelmingly dominant and its security
18:42
Bitcoin is a hundred times more powerful than all competing
18:45
networks combined. This is why there is no second s
18:47
crypto asset to be MC. Ninety nine percent of all
18:52
Global carbon emissions come from These other than it clears,
18:57
his infographic 38.8 BM. Total estimated CO2 generated,
19:02
globally. Point zero point zero 4 BM,
19:06
estimated CO2 generated by Bitcoin mining on the world's
19:09
electric grid. So if it's such a tiny part,
19:12
look, Global Bitcoin mining is point one percent of the world's
19:16
CO2 production. But if it's such a small, my new
19:19
number, why is the White House releasing reports on it?
19:23
Why is the European Union, releasing stuff like that.
19:27
Same reason, European Union wanted to ban their words, not
19:30
mine Uhn hosted wallets because they can't control it.
19:33
That's what this is all about global Bitcoin.
19:36
Global Bitcoin mining uses only Point sixteen percent of the
19:39
world's energy production. This puts the world's most
19:42
secure decentralized Ledger at around the same energy use as a
19:46
hot as holiday lights or computer games Global Bitcoin
19:49
mining has a higher sustainable power mix than any other than
19:53
any major country Earth Bitcoin miners are incentivized to find
19:57
cheap renewable or stranded energy.
20:01
Bitcoin is more secure than it's ever been network security
20:04
increased quarterly by eight percent while increasing
20:06
efficiency rapidly. So again dude if you look at the
20:10
if you look at the facts if you look at the data they tell a
20:13
whole other story then what governments would like you to
20:17
believe. If you look at the headlines
20:18
right, Bitcoin uses more energy than Denmark, Bitcoin uses more
20:22
energy and all these countries. You look at those Headlines you.
20:25
You would believe something totally different than if you
20:29
actually look at the data provided by the Bitcoin mining
20:32
Council, right? So look, is this going to work?
20:34
No Europe's just shooting itself in the foot Europe's.
20:38
Just going to have fun. Staying poor, Bitcoin miners are
20:41
going to go to where they're treated best and they're like
20:44
water. They're always going to go
20:46
towards the cheapest source of power, right?
20:48
So they're really not Banning Bitcoin mining.
20:52
What they're doing is they're banning.
20:54
Elves from benefiting from the industry.
20:57
So yeah, man. But again, this attacks going to
21:00
continue. And what you guys could do on an
21:03
individual level is arm yourself with the facts.
21:06
So if your Thanksgiving dinner, lunch, or whatever, and Uncle
21:09
Tom's like, it's bad for the environment, you're like, nope,
21:12
I got the data, right. Anyways, Jay Tommy, what are
21:16
your thoughts on all this? You guys are, you guys actually
21:19
work in the industry? What did you guys think about
21:22
the report from the White House? Okay.
21:26
Wow that's a lot of information that we went over and a lot of
21:29
factual data that's outstanding journalism and outstanding
21:33
reporting. What?
21:35
I'm not going to pretend that I'm qualified to talk on the
21:38
differences between proof of stake and proof of work.
21:40
I'll let that be left for you but going into I like to tell
21:47
stories and relate a story that's a little bit more
21:51
tangible. What we've done with g0 B, mine
21:54
in the state of Idaho. Where we're setting up shop is
21:58
we have the same issue where the company, a dominant power
22:02
company. They're called Idaho Power, they
22:05
wanted to create a, they wanted to make it very, very difficult
22:10
for any of the revenue or impossible outside Revenue
22:13
investors to come into the state and create a tariff that made
22:16
Bitcoin mining. Relatively just impossible,
22:18
wouldn't be profitable. We challenged out with the puc
22:22
the Public Utilities Commission and We ended up finding ground
22:28
in which the pocs ordered them to to offer Equitable and fair
22:35
compensation for any hours that they'll shut us off.
22:37
And I was a big win for the state of Idaho because that's
22:40
going to bring in a ton of Revenue.
22:41
So why am I telling you that story?
22:44
Well, the reason why is, is you kind of talk about?
22:47
Let's arm, let's arm ourselves with the facts so we can prove
22:51
Uncle John wrong at the Thanksgiving table, while that
22:54
might feel good and why? Pretty still win on a granular
22:58
level. We've quickly learned that we
23:01
need to speak the language of someone who doesn't know what
23:06
Bitcoin mining is, or would a Bitcoin is?
23:08
We need to speak the language of art or grandparents in 1995, we
23:14
needed a kind of speak to them a little bit differently when
23:16
we're said open up Windows or open up dos or Oregon Trail
23:20
grandma, don't, you know, in Oregon Trail is so instead of
23:24
going About it in a way of factual data which is Truth.
23:29
The Narrative is what people want to understand the narrative
23:34
is what people will grasp onto and the narrative for us at the
23:38
time and still is. But at the time of winning with
23:42
the puc and helping open the gates of Idaho to Bitcoin mining
23:46
is that we educated. We took a minute to step down a
23:50
little bit and under and help them understand that.
23:52
Hey, here's what it's going to actually do for the Written what
23:55
we learned and I'll wrap it up with this.
23:57
What we learned was rich stabilization low carbon offset
24:02
or low carbon footprint, or energy uses all that really
24:04
didn't resonate, but what resonated with them was stuff
24:08
that we talk about every day and that was food, sustainability
24:11
and job creation. And when we went about it at
24:13
that way, that's when it opened up the doors to help us find a
24:16
dialogue and really come together and work.
24:19
But all that wrapping up, that's a story that I would that word I
24:21
would use to say, hey, if the United States or the Fire un is
24:26
also taking this approach of throwing flood at things and the
24:31
narrative, not the facts. That's what I would.
24:34
I would challenge everyone to do is instead of Uncle.
24:38
John at the Thanksgiving table is go to lobbyists and go to
24:42
your local economic developers and go to your, your voting
24:46
booths and not come vote time. But vote for the people that
24:51
you're educating on what Bitcoin in proof-of-work can Two for the
24:56
energy grid and I could go on and on but I think that's enough
25:00
on that topic from from me. Tommy, do you have anything?
25:03
I think you I think you hit the nail on the head right?
25:05
In terms of, it's all about the narrative and I think they're
25:08
really aware of this, and that's why you have an attack.
25:11
That's why you have the onslaught from the Legacy Media.
25:14
They're not concerned about the data, they, in fact, they ignore
25:17
it. It's the same thing Bitcoin uses
25:19
more energy than Denmark Bitcoin, this Bitcoin that they
25:22
don't talk about the nuances. But I think what you said, And
25:25
you buried the lead there which is fascinating is that from your
25:28
experience based on having to do this fight?
25:31
Some of those social attacks in your case from your experience
25:34
was the jobs that Bitcoin mining can provide and what was the
25:39
other thing that you mentioned? Oh well in our case food
25:43
sustainability being able to provide local locally grown and
25:48
not overseas or over country food.
25:52
That is an approach that we I strongly believe in and that
25:56
we've taken which is open a lot of doors.
25:58
Gotcha. Very, very interesting.
26:00
So Tommy you want to talk? Do you want to chime in on this?
26:03
Do you believe these attacks are malicious?
26:05
And if so why are they militias are is is the nation-state
26:10
terrified that it's losing? Its Monopoly on the creation of
26:14
money? And therefore it's losing its
26:16
ability, its ability to control people because of that Monopoly.
26:20
Yeah I mean Nico you're absolutely right, you know
26:23
locally here in the United States.
26:25
States, Biden and his staff. They're trying to create this
26:30
framework where they can control any non Bank payment, right?
26:36
I know on a previous podcast of yours, you talked a lot about
26:39
PayPal and and all the the that that huge mess, right?
26:46
And I think again the narrative what is it that they can say out
26:51
loud but what is it that the really trying to do And I think
26:56
it's spot-on to say that they're trying to control something that
27:01
they currently can't control and then they can see is growing to
27:06
the point where it's going to basically make them obsolete.
27:09
I think that's the quickest and easiest way to say that.
27:12
Absolutely and it's really sad because they don't mind using
27:16
all these excuses, right? And it's Injustice, it is you
27:20
know it's about the climb and it's like you can make an
27:23
argument that those are all noble cause Causes, but those
27:25
causes are being hijacked for political means.
27:29
I don't think they actually care about those things, because if
27:32
they did care, they do care. What government would actually
27:35
do is subsidized Bitcoin mining, because Bitcoin mining, as we
27:39
all know actually makes some renewable energies actually
27:44
feasible economically feasible without the need for government
27:47
subsidy, right? But of course, they don't talk
27:50
about that because is it really about the climate?
27:52
No. I think it's always been about
27:54
control. And think I think Bitcoin has
27:56
this awesome feature that, not that many people are aware of,
28:00
is that it exposes everybody's incentives.
28:03
At the end of the day Opti, what are your thoughts, bro?
28:06
Well first off I absolutely love the research coming out of the
28:10
Bitcoin. Mining Council.
28:12
I think they're doing a really great job over there to give us
28:15
the facts. And furthermore, you started off
28:17
this bit, Nico by asking the question which we always double
28:20
down on the idea of what is all this talk.
28:25
And counter are fighting Bitcoin about, and it's always about
28:28
control, and it's very telling that that Bloomberg article
28:33
mentions proof of stake. And I remember we were on the
28:36
show, I forget what a month or so back.
28:39
When the tornado cache stuff happened, and we were asking the
28:42
question when will eat become a fat compliant?
28:45
Well, it didn't take too long apparently.
28:48
So absolutely wrecked over there and shit coin land.
28:52
You know, they're and and furthermore the fact that
28:54
they're encouraging Minors to or trying to encourage miners to
28:58
switch the proof of stake. I think is just absolutely
29:00
laughable that they could even think that they could do that,
29:03
obviously not going to happen. And furthermore, there was a
29:06
comment that nylon tacos put in the chat and he said something
29:10
on the lines are what he say. He says research shows that
29:14
adult content viewers use eight times more the energy of Bitcoin
29:18
mining but nobody's going to touch the Hat.
29:20
I just amazing. Ted you know, amazing little
29:24
tidbit. There but furthermore I think
29:29
it's very, very hilarious that the EU destroys their energy and
29:32
now they're trying to limit people's energy use in
29:35
particular proof of work and furthermore, they try to blame
29:39
Bitcoin mining and, and lump it in with the the climate change
29:43
narrative. And it's really just disgusting
29:45
and nefarious, but just to Jays point of speaking the language
29:50
to people that don't understand Bitcoin and latching on to to
29:54
the The Narrative. I absolutely love that we've
29:58
been we've been talking about that a lot on this show of
30:01
meeting people where they are and and trying to cross that
30:06
that that narrative Chasm. So that people understand what
30:10
is going on here because I've learned a few things being on
30:13
the show as well. And it's beating people over the
30:15
head with the Bitcoin. Facts doesn't really do a good
30:17
job. It's trying to latch on to a
30:20
story and a narrative that people can understand that
30:23
people can get involved with that.
30:25
People can have an emotional attachment to and I just, I
30:29
think that's a beautiful way to frame it.
30:30
And furthermore, back to what we said in the numbers of Bitcoin
30:33
mining is just data centers. Like if we can, if we can
30:36
continue to push that Meme right there that that little piece of
30:40
wisdom, I think it'll it'll help our our war out there.
30:46
The Narrative trench warfare that we are a part of so I
30:49
absolutely love this. And furthermore, we already know
30:51
where the US and the powers that be are coming from And I've said
30:55
it on the show multiple times, sometimes we don't even need to
30:58
read these articles, trying to counter Bitcoin, to energy, use
31:01
flood because we know where they're coming from, they're
31:04
going to end it with it needs to switch the proof of steak.
31:06
But this is our job. We counter the Fiat narratives
31:09
every single day. So good job Nico and, and to
31:12
Tommy and Jay, I think we beat a dead horse on this one.
31:16
Yeah. So, Jay Jason, he wanted to add
31:19
more facts about data centers and he actually said something
31:22
really interesting. He said, I did a blog post About
31:25
a certain Hub certain up that uses 1.5 million homes worth of
31:32
energy in USA alone so why doesn't Bloomberg or the White
31:36
House released reports about about that stuff.
31:39
And again I don't think it I think it all comes down to
31:42
control and that's really not a threat to their, to their power.
31:45
So anyways J's, what facts do want to share about data
31:48
centers? Yeah, guys.
31:49
Data centers Fudd is not only Bitcoin mining.
31:56
However it Takes the Cake, but there's a lot of fun on data
31:59
central data centers in general. For example, I live in Virginia
32:04
and about an hour north and he's a county called Loudoun County.
32:07
Loudoun County is the data center capital of the world.
32:10
This County alone uses over to gigawatt or might be three.
32:15
Get ya about 3 Giga watt of energy and 1.9 square miles.
32:19
All the major corporations are in Loudoun County with massive
32:23
buildings consuming. A ton of energy.
32:26
There's a lot of benefits that come from Loudoun County,
32:28
though. Their school systems are
32:30
phenomenal. Their roads are phenomenal.
32:32
In fact, this was the only County that I'm aware of that
32:35
had to lower their taxes because they were making too much money.
32:39
So when my visit up to Loudoun County, I learned what some of
32:42
the fun was on their data center was, it wasn't the facts.
32:46
Just like you said, the facts are, as they have the best
32:48
school system. In the entire United States, the
32:51
roads are the best, their lights are the best.
32:53
Our parks are the best because of the tax revenue.
32:55
Comes in yet. People get really upset that
32:59
this data center, just consumes energy.
33:01
And what is it doing for Community.
33:03
It's just as big building next to a substation and, and it's
33:06
only one point nine square miles of the entire County, which is a
33:12
very large County. So people are always going to
33:14
have fun about energy consumption, what as is?
33:18
It just like back in the 90s when it did with the internet.
33:21
With that being said, g0 B mine, which will segue Lay into it.
33:25
We found a unique approach to turn that frown upside down but
33:29
that's what I wanted to add some data on on other data centers
33:33
get attacked as well. So why don't you tell everybody
33:36
a little bit about what g0 B mine does.
33:39
Well what do we know about data centers and server computers?
33:43
They produce a ton of heat so in and this is probably where my
33:46
journey started a lot was meeting with economic developer
33:49
buddy. Riser and of Loudoun County a
33:50
couple of times who attracted all this revenue and investment
33:54
to the Known as the data center Godfather.
33:59
He he told me that how much money they're spending in air
34:03
conditioning on some of these data centers and how with the
34:06
carbon footprint is for these data centers.
34:09
They're spending millions of dollars monthly just in AC to
34:13
cool their servers and I love the mode or the saying of Bruce
34:19
Lee and I'm going to paraphrase it but that is flow like water.
34:25
When water flows into a cup, the water becomes the cup.
34:29
We all know that. And I said, why are we
34:31
counteracting all this free wasted energy?
34:34
Why don't we just transfer that energy into greenhouses?
34:39
Which is a large consumer of heat and they need heat,
34:42
especially Northern climate. It's very expensive in natural
34:46
gas just to heat these greenhouses.
34:47
In fact, a lot of them shut down because the farmer can't afford
34:50
to grow. So, what we've done is, we've
34:52
created a patent-pending process and where we simply Exchange.
34:55
From a Bitcoin mining pot into a greenhouse.
34:57
However, ours is a little bit more robust and that we've been
35:00
able to create dampening and in taken out take systems with a
35:04
thermostatic control that controls the humidity as well as
35:07
the heating and cooling during whatever environment that it
35:12
needs to be. So because of this technology
35:15
where I just wanted to solve a problem and it's evolved into
35:18
this great thing. I didn't have any Greenhouse
35:20
experience, but now I consider myself kind of a guru in the
35:23
greenhouse space. Was Now farmers can work
35:27
year-round in cold climates. There's not just one harvest.
35:30
In fact there's six parviz has or more per Green House.
35:34
Green House a one-acre greenhouse will yield six times
35:37
more than one acre. Greenhouse one acre of commodity
35:41
crop the difference in revenue on that one acre average
35:44
commodity crop is $538 for a farmer.
35:48
One acre of a greenhouse is 2.2 million Grant.
35:55
That's a vertical green house with one acre little over 40,000
35:58
square feet. So it's solving all these
36:02
problems and you touched on it earlier about water consumption.
36:04
But that's that, that actually solves a global crisis that
36:08
we're having is we're running out of water.
36:10
Did you know that outdoor crops, consume 70 percent of its career
36:17
Gorn. Yes.
36:18
Kirk or table, I would be more of an outdoor crop, but
36:20
everything else. Yes, would grow it in door. 70%
36:24
of the World's water goes to outdoor, crops were over 90
36:28
percent of that water is wasted and seeps into the Earth.
36:32
So what we've been able to do is we combine it in point, this
36:34
phrase, bit Carm, or Bitcoin. It's a farm-to-table.
36:38
So we've been able to add all that together and it's created a
36:41
narrative. That is just open the doors
36:43
where we're now mining 100 megawatt is welcomed, dude, so
36:48
okay. Hold on a second.
36:49
So you are using you figured out a way to use Bitcoins excess.
36:55
From mining to help grow food. Is that correct in the most
37:01
primitive caveman? Way.
37:02
Absolutely and heat from one place to another and again this
37:07
is unique to bitcoin, there's nothing else that could do that.
37:12
No other data centers. Well, they produce a lot of
37:15
heat, but if let's say Microsoft were to put their data servers
37:19
and pods, it would produce the same outcome dense amount of
37:23
heat and you can transfer that heat.
37:25
Into a infrastructure that needs it.
37:28
That, that is fascinating. Where do you see the industry?
37:34
Five, ten years from now. Do you see it?
37:36
Because the way that I see it, as I believe that enter every
37:38
Energy company is eventually going to be a Bitcoin.
37:40
Miner. Do you see Farmers also getting
37:44
into the mining space? Because the amount of money that
37:47
they could save and electricity. Look, if you're going to, if
37:49
you're going to power Greenhouse anyways, why shouldn't that heat
37:53
come from a minor and at You can make some of that money back,
37:57
you're absolutely spot-on. I firmly believe.
38:01
First of all, I knew that Bitcoin mining didn't stand a
38:03
chance. If unless it evolved really the
38:06
model of plugging in computers and seeing how many times you
38:09
can do, that wasn't very imaginative that were
38:14
sustainable, right? So I said what can we do to add
38:18
additional streams of Revenue and additional applications to
38:21
Bitcoin mining? And this has been thought of for
38:23
several years. Several people seem college
38:26
kids, we're just heating their dorm.
38:28
It's not hard to understand where heat is good, right?
38:31
But how can we actually standardize that and make it
38:34
part of the narrative? And so by doing that, we firmly
38:37
believe that Bitcoin mining will turn into a called Bitcoin
38:42
farming will smell that food farming as well.
38:46
They're going to be married together.
38:47
It solves several problems that fall solves a global food crisis
38:52
is solves energy and it's Food deserts as well.
38:56
So so so so why isn't this talked about?
38:59
Why don't you hear this from the B Administration?
39:03
Why don't you hear this from Europe?
39:05
Why they, why are they purposely leaving?
39:09
All of this, good news out, Tommy.
39:10
I'll hit you with the question. Yeah, I think you're asking,
39:13
Nico, you're asking the right question and I think we all know
39:16
the answer. Why?
39:17
Because again, it's the narrative, that's a positive
39:19
narrative. That would that would spot put a
39:23
positive Right on Bitcoin mining and the narrative is how you
39:30
control the population. And going back to Jay Story, one
39:35
of Idaho Powers, biggest narrative, I guess attempts was
39:41
to say that we were going to still everybody's power and that
39:44
we were going to increase their power bill and that we were
39:47
going to increase their taxes because of the infrastructure
39:49
cost and all of those as we know are completely ignorant.
39:55
And flat-out just lies, right? That's not even close the facts,
39:58
right? But the narrative is what they
40:00
were trying to go with their and the government.
40:02
That's what they're looking for. Is a narrative to control us and
40:06
make us stupid and to say you know I'm going to help you guys
40:10
out. We're going to we're going to
40:12
figure out a way to control this, extra type of non Bank
40:16
transactions so that we can help you guys out but we all know why
40:19
it's for their own control. Wow.
40:22
Wow. So it and it's crazy and it goes
40:24
back to play. Cohen exposes all incentives and
40:26
it may, I think it's gonna make people ask a very, very
40:30
important question, right? Our governments really by the
40:34
people for the people, or are they by the government for the
40:38
government? Right?
40:40
And I think that because the government is also in charge of
40:43
issuing the money and it's completely misaligned incentives
40:48
and I think Bitcoin does fix this.
40:50
I could fix a lot of other thing, but that is awesome
40:52
gentleman. Can't believe you figured out a
40:54
way to grow food with the heat from Bitcoin miners.
40:59
I know I simplified it but that's very bad ass.
41:01
Anyways, up to the sky, The culture, thank you.
41:05
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42:00
Get your tickets now. Alright, well, thank you Nico
42:03
before I get into my segment today.
42:06
I just want to play. Okay.
42:10
Alright guys, so I told you guys in the beginning, I saw this
42:14
article, it popped up on my radar on Zero Hedge.
42:17
And I just I wanted to not only talk about this article because
42:23
it gives signal to the people out there.
42:24
But this is also just a data point to what we talked about
42:28
consistently on this show, that you can't stop the signal out
42:30
there and the Bitcoin No, the toxic principled Bitcoin signal
42:35
is getting everywhere whether it's on the mainstream News
42:38
Channel or it's going on Zero Hedge.
42:40
On alternative news channels. The Bitcoin signal is getting
42:43
out there to the people that want it and that will use
42:46
Bitcoin in that need Bitcoin. And that's just my first point
42:49
before I even get into this article because this is what we
42:52
cover all the time. The signal is getting out there
42:54
guys and it's our me more than everyone else.
42:56
Is just living in it. Continued to spread the sound
42:58
money gospel, and the world will wake up to the Bitcoin
43:01
Revolution. Anyways this article is on
43:04
bitcoin magazine. It's from Bitcoin magazine and
43:06
it says it's an opinion piece. Of course I'm the culture guy.
43:09
So I get all the opinion pieces over here on bitcoin mag and
43:12
it's five examples of Bitcoins real-world utility Bitcoin as
43:15
real-world use cases right now that are major Improvement on
43:18
the dollar and other Fiat currencies even during a bear
43:21
market. And so he starts off with
43:23
believe it or not Bitcoin is money.
43:26
This may be a hard sell to many in the Western World
43:29
specifically here in the United States but the world.
43:32
World is waking up to the idea of Bitcoin as money and I don't
43:35
know about you, but the ever decreasing value of my dollars
43:38
is one of the reasons why Trent learned about Bitcoin in the
43:40
first place. Whoever said, we needed to have
43:43
inflation in the first place. Well, apparently it was John
43:46
Maynard Keynes. Anyway, the point it can be
43:48
difficult for Western civilization's to understand why
43:50
Bitcoin is important. Many are blinded by the strength
43:53
of the dollar and on able to appreciate Bitcoin utility.
43:56
So this is why this article was created.
43:59
The first one is and this is by far in my opinion that Most
44:03
important Point Bitcoin provides nutritious resistant money.
44:06
And as we've seen in the last two years, since we had the, the
44:11
world shut down, based on a virus that will go unnamed
44:14
because they will censor our YouTube channel.
44:17
There's been a lot of censorship going on and that, you know,
44:20
there's Twitter, deep platforming there is the PayPal
44:23
news that we covered last week. There's the the yay news of was
44:26
j.p. Morgan but we also had the news
44:29
of the Canadian truckers and how They were just protesting and
44:34
then they got their money turned off and this is why we believe
44:38
in Bitcoin so much censorship resistant money a hard cap
44:42
money, it's the best it's the best way to store your value but
44:46
furthermore, he has today to trucker protests and next what
44:49
if it's a woman's right protest, what?
44:50
It's a protest against the abuses of your country, your
44:53
allied with who decides. And furthermore, we haven't kind
44:55
of covered this on the show, but there is a Bitcoin or currently
44:59
in Iran that basically You got got taken away and arrested
45:04
because he's a bit corner and wasn't even a part of the
45:06
protest. So like this stuff happening in
45:08
real time guys, but Bitcoin doesn't care.
45:11
You can't stop Bitcoin. Bitcoin is incentivizing the
45:15
freedom of Association. Bitcoin is censorship resistant
45:18
money. And you can say what you want on
45:21
the internet without the fear of getting canceled.
45:24
This is a feature, not a bug. If you don't have freedom of
45:27
speech, if you don't have freedom of transaction, you can
45:29
never get to the truth. And, as we show every single day
45:31
on this show, The powers-that-be do not want you to associate
45:35
freely. They do not want you to
45:36
congregate congregate about the truth because it exposes all
45:40
their lives. And this is what they have right
45:43
now, the Monopoly on truth. But we're here to continue to
45:46
spread the signal that you can't stop Bitcoin.
45:49
You can only ban yourself from Bitcoin.
45:50
Anyways. Point number two, you can take
45:52
your Bitcoin anywhere without anyone else.
45:54
Knowing we cover this all the time.
45:56
The jurisdictional Arbitrage, with Bitcoin might be one of the
45:59
most important aspects of Bitcoin.
46:01
I say it all the time. Show.
46:03
There's only two votes that matter, with your feet and with
46:05
your money and Bitcoin, incentivizes both.
46:08
If you don't like your government, if you aren't being
46:11
treated, well, you can leave with 1224 words in your brain
46:15
with Millions. If not billions and trillions of
46:17
dollars any citizen can get up and go when he needs to.
46:21
This is a feature, not a bug again.
46:23
These people want to Corral you into places and make sure that
46:27
your attacks late. Anyways, the number three
46:30
Bitcoin mining in the energy grid, our Each made in heaven as
46:33
we just covered. You know, one might argue that
46:36
the energy Bitcoin consumes is a bad thing, but as we just showed
46:39
you in the new segment, Bitcoin is incentivizing, the better use
46:44
of energy and also adding to human Ingenuity and and finding
46:48
new use cases for Bitcoin mining creating food sources like
46:51
Bitcoin. Mining really is helping the
46:53
world and don't let anyone else tell you otherwise long story,
46:57
short, Bitcoin, miner stabilize, entire energy grids and we are
47:01
helping the world. We are incentivizing jobs.
47:04
I just saw this morning. Right?
47:05
Block Chain announced the one of the biggest new projects.
47:10
A one gigawatt farm, that is being created.
47:14
And they are creating jobs like Bitcoin, miners, create jobs.
47:17
We again, I said all the time energies is good.
47:21
Don't let them bring us back to the Stone Age.
47:23
Is, this is absolutely insane that that we are actually having
47:27
these conversations with these ESG psychopath telling us how to
47:30
use our money, and our sorry. ER energy, it's crazy talk.
47:34
This is this is collective is nonsense.
47:36
And number four, Bitcoin is open 24/7.
47:39
I know this is a feature that might be an easy sell for
47:42
people. Banks have holidays banks are
47:44
closed on the weekend banks are closed at night, but Bitcoin
47:48
runs 24/7 and has a 99.99% uptime.
47:52
Again, you can't cancel Bitcoin. You can't turn off Bitcoin.
47:54
There's no, there's no like power plug to turn it off.
47:58
This is this is the incentive. The Bitcoin has no holidays.
48:02
There's no Circuit breakers during the volatile times
48:04
Tick-Tock next block, Bitcoin is open 24/7.
48:07
And this last one, this one might be a little contentious
48:09
but I still like this by micro payments and the ease of
48:13
Internet Commerce. Not to just jump on the micro
48:17
payments portion because it will incentivize my co-payment.
48:20
And this whole article is about, you know, like getting articles
48:24
online and not having to subscribe and put your, your
48:27
credit card information, your personal information on the
48:29
internet but I really like the angle.
48:32
The east of Internet Commerce. This is one of the features of
48:35
Bitcoin. It is allowed you to move,
48:39
currency to move, money to move value, across the internet, and
48:42
ten minutes and no other currency in the world can do
48:45
that there. There's these are these are
48:47
features and these are the utilities of Bitcoin.
48:50
So again to end this Bitcoin isn't dead.
48:54
This is a bear Market that too many are fixated on the Bitcoin
48:58
price. But what most don't realize is
49:00
that Bitcoin continue to works as Advertise its reliable.
49:03
It's opened on there are no rules only rulers.
49:06
So just to recap here guys, first off Bitcoin provides
49:10
neutral censorship resistant, money Bitcoin, you can take it
49:14
anywhere. You're not liable to Crazy
49:17
authoritarian governments, Bitcoin mining, and the energy
49:20
grid are match made in heaven. And Bitcoin is open 24/7.
49:24
And it is incentivizing the New Uses of micro payment and moving
49:30
value over the Internet. Bitcoin is Lovely better money
49:33
and I look forward to everyone else, coming to this
49:35
realization, and we say this all the time, I did today's segment
49:39
because I'm trying to give short short clip so that we can we can
49:44
give this information to people so that they can get the idea
49:47
that Bitcoin does have used. It's not just for speculation.
49:50
It is not just for people trying to get my fat gains, we say it
49:53
all the time, on the show, fix the money, fix the world.
49:57
The most important thing in the world right now is fixing the
50:00
money because our money is broken.
50:02
The Incheol system is on its last leg and we need to continue
50:06
to spread the sound money gospel.
50:07
Going forward that Bitcoin does help the world Bitcoin does help
50:11
the energy grid, Bitcoin does, have personal value to people
50:16
all around the world in the world is waking up to this
50:18
Bitcoin has incentivizing new new, sectors of human Ingenuity.
50:24
And anyone that is against Bitcoin, is that there, as we
50:28
said yesterday on the show, they're either dumb.
50:30
They either have an angle that they don't want to.
50:32
They don't want Bitcoin to succeed or they have just
50:36
straight up nefarious hate towards Bitcoin.
50:39
Bitcoin is the best money in the world.
50:42
And in my opinion, I say it all the time, we should have more
50:44
energy use in Bitcoin. Bitcoin helps us in so many ways
50:48
that we are not even close to seeing what these effects are
50:52
going forward into the world. And we will continue to see even
50:55
greater effects going on. And we will continue to see
50:57
society and proven ways that we could never thought of today.
51:01
And There is use case out there. People Bitcoin helps you in very
51:06
many ways. Bitcoin is a personal thing and
51:08
personally it's helped me. It's changed my life and I just
51:12
want to continue to spread this message to people so that they
51:14
can understand that Bitcoin is here to help you Bitcoin is and
51:18
that's all that matters. Anyways, end of rant jump in
51:20
Nico. Amen.
51:21
Yeah. No.
51:21
I do day and again, like all the things that you mentioned real,
51:24
quick are all things that only Bitcoin can do and they're
51:28
unique to bitcoin, right? So I think that's really what
51:30
makes it special. It kind of Ooh my mind today,
51:33
right is another thing that we didn't know Bitcoin could be
51:35
used for, right? The excess heat from miners?
51:39
It's being used to grow food and that and that's, that's amazing.
51:41
And I actually want to use that that saying, saying that I and
51:47
you said something earlier about Jay.
51:49
You said something earlier about how it could fix the
51:53
desertification, right? The how certain places are
51:56
deserts disable average, not that centralization, but
52:00
something about deserts Yes, food deserts, it will provide
52:05
local food, sustainability, and local food growth where we're
52:09
just centralizing currency and we're bringing stranded assets
52:12
of energy, which allows us to mine Bitcoin.
52:14
We can also bring green houses with us to these areas that will
52:18
provide food for the local economy and that's and again
52:24
also unique to bitcoin. Tommy, you want to chime in
52:27
before we get to the move. You know just Opti.
52:31
Wow, way to hit that out. The park with that so that you
52:34
know that that was spot on and it made my heart flutter.
52:38
So well said, they're good stuff Opti Opti The Optimist passing
52:44
on the optimism to everybody else.
52:46
Anyways it's check out the mean review.
52:49
The daily meme review, brought to you by Cipher safe, don't be
52:54
that person that loses their Bitcoin seed.
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53:18
Beautiful guys. Well, you already know the mean
53:20
we've created for the main review, tweets are the bullets
53:23
and memes are the artillery in this information war.
53:26
Or as I like to call it this disinformation war.
53:28
Because as we as we, you know, laid out in the first part, it
53:33
is not about the facts, it is about the narrative and we need
53:36
to continue to push the sound money gospel in the narrative.
53:39
That Bitcoin is here to help Bitcoin is helping in real time
53:44
and it's just beautiful to watch.
53:46
Anyways, this first one, the first meme is Documenting
53:49
Bitcoin. And it says, Bitcoin is trending
53:51
to 1 billion users within three years.
53:53
And it's a chart by Willie. Woo.
53:54
And you can see the world population internet users going
53:58
up and Bitcoin on its rise to 1 billion plus users.
54:02
And I wanted to add this one because it just it makes our
54:05
point for us that Bitcoin is adopting at Breakneck speeds and
54:09
you need to you know lower your time.
54:11
Preference a little bit and understand that it's happening
54:14
in real time. It's probably not as fast as you
54:16
think. Yes, the Bitcoin price.
54:18
This is fluctuating a little bit but there is no bear Market in
54:21
Bitcoin. It is simply an adoption cycle.
54:24
This next one is by Sarah designs at Sur designs 8 and I
54:28
really love this one. I know all you guys have read
54:30
the Bitcoin standard so you can get where this is coming from
54:33
but we got the arrive Stone here.
54:35
I forget what island it is. Maybe Nico can remember, he's
54:37
got a better memory than me. No idea.
54:39
Okay, it's we gotta rise Stone. One of the natives from the
54:43
island, with the Rai Stone sitting next to it and it goes
54:46
how it started and how it's going.
54:48
And it's just a rhinestone with the Bitcoin.
54:49
Lucky condom. Perfect.
54:53
Perfect. Okay.
54:54
And this next one, we got tagged in this the other day and it
54:58
goes I was having this conversation with Jeff Booth at
55:01
an after party on Saturday and it's very nice to me bitcoiners.
55:04
So maybe it can make the Bitcoin meme review on simply Bitcoin.
55:08
I was like, all right bet we got you so it's back to Maslow's
55:12
hierarchy of needs and but this is a variation Bitcoin hierarchy
55:16
of needs and we have the psychological Logical.
55:18
We got the hot oil, we got the safety, you got your cold
55:21
storage. We got love and belonging its
55:23
spending Bitcoin with bitcoiners and then we got a steam and that
55:27
setting up your multisig and then the self-actualization is
55:31
living on the Bitcoin standard. I love this is a great meme.
55:34
I'm sure he can elaborate a lot more.
55:36
But hey, it's a mean form. And this next one, my boy, Nick
55:40
can't mine. He said also another version of
55:42
this pyramid. So we're going to continue to
55:45
jump on the Bitcoins hierarchy of needs and this version Didn't
55:48
goes at the bottom, we have Network needs Fair launch.
55:51
No premium, proof-of-work distribution, the next, the next
55:55
level of distributed Network miners nodes and devs.
55:58
And then the monetary needs on top to store a value savings
56:01
technology. The means of exchange Bitcoins
56:03
transaction per second, the lightning Network and then at
56:06
the very tip unit of account, AKA hyper Bitcoin ization, this
56:10
is where we're going guys. And you know we have it and we
56:13
have into hierarchies Bitcoins hierarchy of needs and this next
56:16
one Nico we got Tagged in this. And and I felt a little flutter
56:21
in my in my Grinch heart over here and this is by a Bitcoin
56:25
beams and he says simple questions inspired by Nico and
56:28
Opti at simply Bitcoin dot TV. So simple questions.
56:31
It's a poem. I hope I do it justice.
56:33
He's got a when people trash-talk Bitcoin, ask them
56:36
some simple questions. See if they've done their
56:38
homework below are a few suggestions who started Bitcoin
56:41
years ago and what inspired this founder and how does Fiat money
56:45
work, and why Bitcoin might be Sounder.
56:47
When was Coin started. What's relevant about that year
56:50
and from the short white paper, what is meant by peer-to-peer
56:53
named two countries where it's used to protect from high
56:56
inflation. And two more were Bitcoin helps
56:58
to people in a press Nations. Maybe, you know, maybe they
57:01
don't yet you'll see how much they know and maybe asking these
57:05
questions will cause their knowledge to grow an opinion
57:08
based in ignorant. It's worth not very great and
57:11
maybe they will do the work to improve their financial Faye,
57:14
and just one little love letter to us Nico.
57:17
So, this poem was inspired Hired by us because we're always
57:20
encouraging people to reach out and share the hope and freedom
57:22
of Bitcoin with stylish and it we inspired that.
57:25
So shall you guys? Really appreciate it.
57:28
This next one is by our friends over at coined it today.
57:30
They continue to drop really great threads on Twitter.
57:33
I'd encourage you guys to follow them.
57:35
They're doing they're doing a great job in educating us and
57:37
they got George. Orwell on normies got Bitcoin.
57:41
And he goes, this is from George.
57:43
Orwell's 1984 written in 1949. It goes the people will not
57:46
Revolt, they will not look up. From their screens long enough
57:49
to notice what's happening? I think I think I need some
57:52
horns for that one because we are seeing this happen in real
57:56
time. While Bitcoin is taking over the
57:58
world. People are still arguing about a
58:00
whole bunch of nonsense. Anyways, this next one, we had
58:03
Beauty Anya on yesterday. And I highly recommend you go
58:06
watch that show, because it was a pure signal show.
58:08
And then he came in our spaces and he said, basically the same
58:12
thing should Bitcoin fail. You will apologize to your son's
58:15
for your failure and the idea is Is there is no marketing team of
58:19
Bitcoin. We are the ones pushing the
58:21
sound money gospel, but he's quote, to eating this ad.
58:24
It says in American, add issue by the freedom foundation, in
58:27
1961, showing a father apologizing to a son for his
58:30
complacency during the rise of Communism.
58:34
And I'm going to update it a little bit.
58:35
So as Nico always tells me I need to work on my phrasing and
58:39
so you guys, it can happen Here. My Dear Son, I am so sorry,
58:42
you're going to have to live under collectivism.
58:45
It seemed to come so quickly, I didn't think they're lies.
58:48
Edwin. I guess we were so busy with
58:50
other things, not enough of us, spoke up for Freedom.
58:53
When we had the chance, you can speak up for Freedom right now,
58:56
continue to spread the sound of money, gospel because should
58:58
Bitcoin fail, you will apologize to your son's for your failure.
59:02
It is upon us to spread the sound when he gospel.
59:05
There is no PR team, here we are, the ones pushing this and
59:08
and on that note, we are the ones pushing people to use.
59:11
Bitcoin wallets. You know we like bit box.
59:13
We where I'm a huge fan of Bitcoin core.
59:16
We love seed signer, we life Pero Spector Moon while it
59:19
Breeze. While it blue.
59:20
Wallet. Wallet is Satoshi.
59:22
These are the tools that we love and you need to continue to get
59:25
people to these tools. All white, pine wallet.
59:28
I actually did I Hind and moon I really their kind of killing it
59:32
over. There you go I think I think.
59:34
Alright anyways anyways anyways alright today's score, I gave
59:40
you guys my blue XLR cable that my friend made and I'm going to
59:44
give you oh you can't see it. My yellow XLR cable, that is
59:47
invisible. Now that I made to create all
59:50
this content for you guys. Nika, what's your score dude,
59:54
I'm going to give it this empty water bottle of Zephyrhills if
59:58
you want to do. You know guys this is simply
1:00:02
Bitcoin live rate, the put your score in the live chat and we
1:00:05
will read it live on the show. Jay, what would you give those
1:00:08
memes? And they ate and ate.
1:00:12
Okay. Number score, all right Tommy,
1:00:14
what would you give those memes? I will give it a calculator, 9 a
1:00:18
calculator 9. Alright?
1:00:20
Very good scores. Anyways this check out some of
1:00:22
the audience scores beware and focus smoked salmon with Hoss
1:00:30
BTC pens. I give the memes the Strategic
1:00:32
petroleum Reserve. All right, nope.
1:00:36
No today I give those memes a Bitcoin mind.
1:00:38
Very nice, very good score. Jason, gives them a give those
1:00:41
memes a fresh copy of BT weekly. Shout out Becca Bitcoin, a cent.
1:00:46
I give those memes all the food, grown with heat from Bitcoin
1:00:49
mining, but very clever clever. Clever mr.
1:00:52
Robot rate, the memes a beef box because Ramen is Fiat.
1:00:56
Very, very good scores. Thank you for answer.
1:00:59
The other hand, the other answer is I give the memes today, a,
1:01:04
the five stages of grief completion.
1:01:11
I give those me. RoboCop Z logic, as I give those
1:01:15
memes a Bitcoin RoboCop. Anyways, guys, thank you so much
1:01:18
for the meme scores. Don't forget to check out Simply
1:01:23
Bitcoin the written version simply Bitcoin, unfiltered, go
1:01:26
to www.simpleandsensational.com and join our telegram group.
1:01:30
It's absolutely free go to it by www.micemedia-online.biz,
1:01:36
Bitcoin Channel. Anyways.
1:01:37
Opti think we're running out of time.
1:01:39
My friend we will. Do software release, my nana
1:01:42
guys. Jay Tommy, thank you so much for
1:01:46
joining us on simply why don't you tell everybody where people
1:01:50
could find you on social media? You can find us on Facebook or
1:01:55
LinkedIn or just go to g0. B mine.com to get in touch with
1:01:59
us, we're working on getting more involved with Twitter.
1:02:03
We are also on Twitter. Thank you so much for having us
1:02:05
and if people are interested perhaps they're a farmer
1:02:08
perhaps, they have their Green Farm, right?
1:02:10
They go to you and you will walk them through, what?
1:02:13
Exactly? Yeah.
1:02:15
So, if a farmer on a commercial scale and be a little bit of
1:02:19
Overkill, if we were to send a pod to Small shrug or a
1:02:23
greenhouse. But if you have a decent sized
1:02:26
Greenhouse we would walk you through doing a energy study and
1:02:31
then we'd go through a case study to see how much money you
1:02:34
would save annually on your op, ex Heating and Cooling costs.
1:02:38
We pay for all the infrastructure, the upgrades we
1:02:42
just simply signed a contract that says, you'll, by the waist
1:02:45
hate for a fraction of what you're used to think that is
1:02:49
awesome. And of course, it's leveraging.
1:02:51
The coin, which is Beautiful, very unique eyes.
1:02:53
I had that's the first time I was really fascinating.
1:02:56
Will be when we spoke at the mining conference.
1:02:58
Thank you, gentlemen, for joining us today.
1:03:00
I'm going to put you back stage and a little bit while I wrap up
1:03:03
Opti. Why don't you tell everybody
1:03:05
where they could find us? Yes.
1:03:08
Yes, we are on anchor. We are on Spotify.
1:03:11
We are an apple podcast. I think we're on, like almost
1:03:13
every Apple are almost every podcast app out there so you can
1:03:17
find our content simply Bitcoin. But we are on Fallon and I just
1:03:21
realized I still Dawn on the fountain, login Miko.
1:03:23
So that's my bad. I'll take that on myself.
1:03:25
But we love you guys out there in the valley, for belly
1:03:28
economy, streaming assets continuing to clip our show on
1:03:32
on Twitter and posting that stuff out there again, guys, we
1:03:35
were just trying to push the sound money gospel push Bitcoin,
1:03:38
as far, and wide as possible. So people understand that
1:03:41
Bitcoin is here for them when they need it.
1:03:43
So you pushing that out there guys.
1:03:45
Continue to listen to the content.
1:03:47
Oh also, also shouts out the guy Swan for reading one of our
1:03:51
articles on bit. Inaudible.
1:03:52
Do I check it out? He did the which one was it?
1:03:57
Wow! I'm blanking on which one it is.
1:03:58
I handed over here? I have it over here somewhere
1:04:03
guys. Check out represent LTD.com they
1:04:06
make some very look at look at op.
1:04:08
Do op these wearing the Bitcoin merge from represent LTD.
1:04:10
I'm wearing the camo hoodie. You guys know.
1:04:12
I like the camera who be. It's stylish.
1:04:14
It's comfy makes Bitcoin merge. He's making simply Bitcoin merch
1:04:17
and you can take advantage of the promo code down below to get
1:04:21
10% off. Off either in the video
1:04:23
description or the podcast description.
1:04:25
Guys, thank you so much for tuning in to another episode of
1:04:28
Simply Bitcoin. We love you all, we appreciate
1:04:31
it. Don't forget to hit that said
1:04:33
that like button. Hit that subscribe.
1:04:35
And of course we will see you tomorrow for a brand new episode
1:04:39
of Simply Bitcoin.