Latest / Simply Bitcoin / BREAKING: Elon Musk Causes Bitcoin Price Dump | EP 806

Transcript

BREAKING: Elon Musk Causes Bitcoin Price Dump | EP 806 · Simply Bitcoin

• 0:09
  It's. All going to zero against
• 0:11
  Bitcoin, it's going. Up forever.
• 0:23
  Yeah, welcome to another episode of Simply Bitcoin Live.
• 0:26
  You're number one source for the peaceful Bitcoin revolution.
• 0:28
  record-breaking news. Culture.
• 0:29
  Matic warfare. We will be your guide.
• 0:30
  Through the separation of money and state, Elon Musk dumps the
• 0:33
  price. That's what people were saying
• 0:35
  that apparently SpaceX sold. I think it was like $300 million
• 0:40
  worth of Bitcoin. But apparently that got
• 0:42
  debunked. Apparently that wasn't the case.
• 0:46
  You know they were using. The Bitcoin Magazine initially
• 0:49
  broke the news off a Wall Street Journal article, which is weird
• 0:53
  because they did sell. They did say in the article that
• 0:56
  they sold it, but then the community note feature on
• 0:59
  Twitter said that there's no evidence of it.
• 1:02
  So I don't know what to think, but I do.
• 1:04
  I'll tell you. I'll tell you something.
• 1:06
  It is quite a coincidence that this article came out and then
• 1:10
  the price dumped the way it did. Maybe some market manipulation,
• 1:14
  I don't know. Who knows but.
• 1:16
  All I know is that it's cheaper sacks for me, and I've
• 1:19
  definitely been stacking like a crazy person the last couple of
• 1:22
  days. Holy cow.
• 1:24
  Anyways, also, we're gonna dive a little bit deeper into more of
• 1:29
  the details of the news that we covered on Monday in regards to
• 1:34
  Argentina's leading presidential candidate.
• 1:37
  Javier Malay and this guy has a really good shot at becoming the
• 1:42
  president of Argentina and once again moving the Overton window.
• 1:47
  And we're going to talk about what the because we taught,
• 1:49
  we've referenced the Overton window a lot on this show.
• 1:52
  We're going to talk about what it is and why it's so important
• 1:56
  whether this guy gets elected or not.
• 1:58
  The fact that he's making it popular, he's making it
• 2:01
  acceptable to talk about the fact that central banks.
• 2:06
  Our trash inflation is theft. Inflation is a tax, and the more
• 2:12
  those concepts become mainstream, the more people will
• 2:16
  be open to alternatives like Bitcoin.
• 2:18
  So whether this guy wins or not, there's a really good
• 2:21
  possibility that he does. I'm really glad that he's having
• 2:23
  these conversations. Also, we have a very special
• 2:26
  guest and we were able to connect in Canada and Adam from
• 2:32
  Bitcoin. Well, how you doing buddy?
• 2:34
  Happy to. Happy to get to talk with you
• 2:36
  again. Yeah, it's good to be here.
• 2:38
  Thanks for having me on. Looking forward to chatting.
• 2:41
  I mean, is price manipulation from Elon even a story at this
• 2:44
  point or is that just kind of like every few months this is,
• 2:47
  this is the way? I don't know, dude.
• 2:49
  I guess so. Like, it's Doge.
• 2:51
  And then it's like, what's Walsh?
• 2:53
  Is Wall Street Journal trying to, like, stack some cheaper
• 2:55
  sacks? Like, this is.
• 2:57
  I don't know what's going on, bro, but like, you can't tell me
• 3:01
  that it's a coincidence. Right.
• 3:03
  What's that saying? There's no conspiracies, but
• 3:05
  there's also no coincidences. You can't tell me that that they
• 3:10
  released this article, this hit piece, basically, And then the
• 3:13
  price of Bitcoin dumps and then on Twitter, of which Elon owns,
• 3:17
  they're like, no, no, no, no, no, no, That's not what it said.
• 3:21
  I don't know. I don't know.
• 3:22
  I don't know. We'll talk about it.
• 3:23
  But let me bring up my legendary cohost.
• 3:25
  Always optimistic. He has a he's a this smile.
• 3:28
  Yeah, he's optimistic. Today, it's Friday.
• 3:30
  Of course he's feeling optimistic.
• 3:32
  I was distracted on the back end.
• 3:33
  Nico dude, it's. Friday we got cheat sets.
• 3:37
  This is what you guys have been waiting for.
• 3:39
  I've been telling you guys for a minute on the show, like, I
• 3:41
  think we have one more leg down. Who would have known?
• 3:45
  Like who would have thought that corporate press is going to
• 3:47
  flood Bitcoin so that they could pack their bags?
• 3:49
  Allegedly. Allegedly.
• 3:51
  But guys, we've been telling you this for a minute that this is
• 3:54
  the game plan. And so let's, you know, it's not
• 3:57
  a coincidence that this is happening.
• 3:59
  But hey, you know, is is Elon actually selling his Bitcoin?
• 4:03
  We'll see. Who knows?
• 4:05
  It doesn't really matter. Like, I don't care what he does,
• 4:07
  why do people still look to authority figures to stack
• 4:09
  Bitcoin? Makes absolutely no sense to me.
• 4:12
  But hey, this is where we are right now and it's only a matter
• 4:15
  of time until everyone wakes up to why they need some Bitcoin.
• 4:18
  And I'm super excited for today's show.
• 4:20
  Not only is it Friday, but uh, we had a great conversation
• 4:23
  before the show started and and Nico's got high energy today.
• 4:26
  Guys, I don't know if you can tell, but he's smiling.
• 4:28
  He feels good. It's a Good Friday show, so
• 4:31
  there's gonna be a good one. We might even get a Nico Jones
• 4:33
  rant today guys, so who knows? Who knows?
• 4:35
  Anyways, Nico, let's start the show.
• 4:38
  Let's start it, bro. You know why I'm so high energy?
• 4:40
  I had a I was Swans coffee night.
• 4:43
  I know I hate coffee. I was a I don't need coffee.
• 4:46
  I don't sometimes a nicotine gum here and there.
• 4:49
  But I need a lot of coffee. That St.
• 4:51
  Opti mug? No, but I had.
• 4:53
  I had a interview with at Swan Salon with with Damian Merlot
• 5:01
  and he's the Senior Presidential advisor to 9 Bouquet of El
• 5:05
  Salvador. And holy cow, was that that, you
• 5:08
  know, that conversation got me so hyped, so hyped.
• 5:12
  On that shining country on the hill anyways, everybody, no more
• 5:15
  delay. Let's jump straight into the
• 5:16
  show. We have a lot to talk about
• 5:18
  today. Let's check it out.
• 5:22
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  Stamp your seed on stamp, Seed. Alright guys, scan the QR code
• 6:22
  on your screen right now so that you don't have to explain to
• 6:25
  your grandchildren why you lost your generational wealth because
• 6:28
  you decided to store your Bitcoin wallet.
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  Backup seed words on paper. Don't be that person.
• 6:32
  Stored on titanium, one of the strongest metals on planet
• 6:35
  Earth. Scan the QR code on your screen.
• 6:37
  It will take you directly to the Stamp Seed website at the time
• 6:41
  of recording. The Bitcoin price is 26,020.
• 6:45
  Stop right now. Pause the show.
• 6:47
  You know, you just press pause if you're on rumble, if you're
• 6:50
  on YouTube, if you're on Twitter, and just just stack
• 6:53
  some stats and send those stats as cold storage.
• 6:55
  This is a great opportunity for you.
• 6:58
  That's for a dollar 3843 block height 803,777 blocks to having
• 7:03
  36,223 having estimate April 20th, 2024 Total light and
• 7:08
  network capacity 4643 Bitcoin capacity value 120 million U.S.
• 7:13
  dollars. Realize monetary inflation 1.76%
• 7:17
  The market capitalization of Bitcoin. $506 billion billion
• 7:23
  with a B Bitcoin versus gold market cap 4.01% and the grand
• 7:27
  scheme of things, Bitcoin is still a tiny little baby.
• 7:30
  Again, my favorite statistic out of all this because it just
• 7:32
  continues to embarrass via currencies and that number will
• 7:35
  go down forever. Laura, is the realized monetary
• 7:37
  inflation rate of Bitcoin at 1.76%.
• 7:40
  I think when we started covering that number is at 1.79%.
• 7:43
  It just go, it trickles down ever so slowly and I think as
• 7:46
  the years go by. You know, it's going to be
• 7:48
  interesting to see that. Anyways, check out this video by
• 7:53
  Predator. And the reason I wanted to play
• 7:54
  it is when when these days happen, when the price of
• 7:57
  Bitcoin goes down like 9% in a short period of time.
• 8:00
  It's important to zoom out when in doubt.
• 8:03
  And this is a CNNBC segment from 2018.
• 8:08
  And this guy, and he's pretty popular on Twitter.
• 8:10
  Ran Nooner. He said some things and it
• 8:15
  apparently it age like like milk and things tend to age like
• 8:20
  milk. Your comments better said when
• 8:23
  they're anti Bitcoin comments. So you can't stop the honey
• 8:26
  badger, you can't stop NGU technology.
• 8:28
  So anyways, let's check out what he has to say.
• 8:30
  And the price of Bitcoin at that time was 8182.
• 8:34
  Fast forward couple years later, we're about 3X at the bottom of
• 8:38
  the bear market. So maybe it's maybe it's safe to
• 8:42
  say that maybe he was wrong. Anyways to check it out.
• 8:44
  Bitcoin photo or photo? I like Bitcoin a lot, but I'm
• 8:49
  going to fuddle. Really.
• 8:51
  I'm going to fuddle and I'll tell you why.
• 8:53
  I'll justify that. I think Bitcoin at 8-2 hundred,
• 8:55
  I think the price is low. I think it's going to continue
• 8:58
  to go up and I think it's going to continue to go up slowly and
• 9:00
  in a stable way. But they're more exciting crypto
• 9:02
  currencies out there. And if you're going to ask me
• 9:04
  whether I'm going to put my money into Bitcoin?
• 9:06
  Or something more exciting. I'm going to go with something
• 9:08
  more exciting. So it's part of that because
• 9:10
  there are Bitcoin features now, because institutional money that
• 9:12
  is going into cryptocurrencies is going into Bitcoin, and that
• 9:15
  dampens volatility. A little bit of that, but a lot
• 9:19
  of the money is going from Bitcoin and even Ethereum and
• 9:21
  the more established coins into this ICO frenzy.
• 9:24
  There's this frenzy happening which is not on the markets,
• 9:26
  which is happening on the outside of the markets.
• 9:30
  Where hundreds of millions of dollars are going into ICO's,
• 9:32
  where's that money coming from? It's not coming from Fiat.
• 9:35
  It's people cashing in their Bitcoin and their Ethereum, and
• 9:37
  when they cash in, the market's going to go down.
• 9:39
  That's it. I do think the institutions are
• 9:41
  going to come in towards the end of this year, and that's going
• 9:44
  to they're going to come into Bitcoin and Ethereum first, and
• 9:47
  then the market is going to go up.
• 9:48
  So I am calling Bitcoin up and I do love the technology, but
• 9:51
  there are better coins out there, so I'm cuddling on that
• 9:53
  one. Dude.
• 9:59
  Dude. What is she saying about Bitcoin
• 10:00
  Cash after? Yeah, let's, let's finish it.
• 10:03
  Total or total? I know I'm going to get murdered
• 10:05
  on Twitter I. Think there's a.
• 10:10
  Lot of potential for Bitcoin Cash behind it that are driving
• 10:14
  it. It's all the old Bitcoin people
• 10:15
  and so my money, as much as it's going to hurt me on Twitter.
• 10:18
  Why will it hurt your Twitter? Because you're done trolls and
• 10:21
  the but could. Maximize Roger Veer on how much
• 10:24
  hate I just curious to hear that a powerhouse like like this
• 10:27
  gentleman is is actually fearful of the.
• 10:29
  Of the noise. But let me just say that I love
• 10:31
  both kids equally. I love Bitcoin Cash and I love
• 10:34
  them equally. But if you ask me where I put my
• 10:36
  money right now, Bitcoin Cash has got more potential.
• 10:44
  Wait, can we can we Fact Check him on the price?
• 10:47
  When did that video come out and like what?
• 10:49
  I'll, I'll do that in the background.
• 10:51
  But but dude, holy shit. I mean bro like.
• 10:55
  Dude loves centralized finance, man.
• 10:57
  I mean. Stay humble.
• 10:59
  Stacks ATS, right? Icos.
• 11:02
  He digs it. Yeah dude, those are wrecked
• 11:05
  nowadays. But yeah man.
• 11:07
  Holy shit, Abdi, what's your take while I look this up?
• 11:11
  Yeah, well of course, like Bran is like, what a joke.
• 11:16
  And and you know, like I kind of don't really care what Ran's
• 11:20
  doing. But is, is he still around?
• 11:21
  Like, is he still in the space? I'm sure he's still on Twitter
• 11:24
  shelling garbage and people still listen to him for God
• 11:27
  knows why. But there's something he said
• 11:30
  that I think is very interesting.
• 11:32
  And it was basically like, I don't like Bitcoin right now.
• 11:35
  I want something shiny or something new or something,
• 11:38
  whatever, A new trinket, you know, like what glitter is gold
• 11:42
  kind of kind of meme. And I was watching this Alex
• 11:45
  Hermosi video. I don't know if you guys know
• 11:46
  who Hermosi is, but he's like a business guy.
• 11:49
  He's one of those social media guru type dudes and I really
• 11:52
  enjoy his content. I'd highly recommend you guys
• 11:54
  watch it. But he said something on the
• 11:56
  lines of like if you want to succeed, then you want to double
• 11:59
  down on what's better and not what's new and shiny.
• 12:03
  And it like instantly. Obviously as a bitcoiner, I
• 12:06
  always brought it back to Bitcoin and I'm like, Oh my God,
• 12:09
  like that's the perfect meme. Like Bitcoin is simply better
• 12:12
  than everything else. It may not be the new thing.
• 12:15
  I know There's the me. I remember when I got into
• 12:17
  Bitcoin in 2017, they said, you know, like bitcoins, the
• 12:20
  Myspace. And you still hear people say
• 12:21
  this like bitcoins, old and clunky tech.
• 12:23
  It's the Myspace of the cryptocurrency industry and
• 12:27
  obviously that means trash and and that narrative has followed
• 12:30
  up like falling apart at at the seams.
• 12:33
  And if you really look at the metrics, I think Bitcoin is head
• 12:36
  and shoulder even. It's a it's a whole, you know, 6
• 12:39
  foot body above everyone else because everything is 6 feet in
• 12:42
  the ground. But it's about the idea of
• 12:45
  doubling down on what's better and not what's new.
• 12:47
  And I and I, I'm going to steal that meme and and continue to
• 12:51
  double down on that idea. Like Bitcoin is simply better
• 12:53
  than everything else, by every metric.
• 12:56
  And you don't need to chase something new, you know You
• 12:59
  don't need to chase the games to improve your life.
• 13:02
  Just simply stacks that stay humble, stay solvent.
• 13:06
  As we always say it just it's simply Bitcoin.
• 13:08
  This is why it's simply Bitcoin, guys.
• 13:10
  Oh man. So I couldn't find the chat, the
• 13:13
  the whatever thing in time, but yeah, dude, the IC O's got
• 13:17
  wrecked, OK? Like that.
• 13:18
  That's not even a fucking thing. Bitcoin cash versus Bitcoin,
• 13:23
  that also got fucking wrecked. The Bitcoin Cash hash rate
• 13:26
  literally just fucking plump. Like it's literally either
• 13:30
  stagnant or just like continuing to go down.
• 13:32
  Bitcoin hash rate continues to go parabolic.
• 13:35
  There's obviously a clear winner there.
• 13:38
  Yeah, dude. I mean look it like Odell.
• 13:42
  Preference like that's that's what it comes down to.
• 13:44
  High time preference and like Odell has that perfect line.
• 13:47
  Like, it's really a simple stay humble stacks at.
• 13:50
  And I'll sprinkle in with the king.
• 13:52
  Go has has basically made into a strong meme at this point.
• 13:56
  Stay solvent at the same time And yeah it's 100% true bro.
• 14:00
  But Adam, like what's your what's your take on this, bro?
• 14:02
  Why is this guy on CNBC who should be on CNBC instead of
• 14:06
  this guy? Not that I mean, I mean, he's
• 14:08
  the perfect guy for CNBC. Just because like.
• 14:12
  It's it's it's Fiat legacy media.
• 14:14
  Like that's that's what it is right.
• 14:16
  Like we're not talking about that on simply Bitcoin for a
• 14:18
  reason. We're a bunch of low time
• 14:20
  preference hardened bitcoiners. CNBC like what are they looking
• 14:23
  for Quick hits. They got, they got the highest
• 14:25
  time preference they got a 24 hour time preference.
• 14:28
  That's it. That's all CNBC wants.
• 14:30
  They want someone to drive clicks and eyeballs.
• 14:32
  They're not looking at explaining value.
• 14:33
  They don't, they don't care about sound money and and value
• 14:37
  for generations. They're like, oh, maybe I'll
• 14:40
  make 10% today and then I can go to bed.
• 14:42
  Said Happy. They're not worried about
• 14:45
  actually producing any level of serious wealth or preserving
• 14:50
  their productivity like what you do with Bitcoin.
• 14:52
  And same with there's tons of people in Bitcoin that aren't in
• 14:57
  it for sound money. They're in it cuz they think
• 14:59
  there's gains against the dollar.
• 15:00
  But I forget. I think, Nico, maybe it was you
• 15:02
  said it. You know you're not trading in
• 15:05
  your USD for like Turkish lira or like, you know, like yeah,
• 15:10
  USD has done pretty good against the lira.
• 15:12
  You're not you're not going to go and buy the lira cuz the lira
• 15:15
  is trash and and like so is the US dollar against Bitcoin.
• 15:20
  And when you look at it to that perspective, it's just a, it's
• 15:24
  not investing, it's saving. And everyone out there who
• 15:27
  starts in this space, who starts and who talks about, I see.
• 15:30
  I actually like I haven't said the word.
• 15:32
  I see oh, it's so long. They're just like completely out
• 15:36
  of my like, thought process and vocabulary.
• 15:38
  But that guy reminded me like it was all about gains.
• 15:41
  It it, it wasn't about sound money.
• 15:43
  And no, cryptocurrency is about sound money.
• 15:46
  It's all about gains and projects and and like like Fiat
• 15:52
  growth where Bitcoin is about. Lowering time preference,
• 15:56
  improving your life, and giving your family a shot at the
• 15:59
  future. And it's just like it's apples
• 16:01
  and oranges, dude. It's just not even the same.
• 16:03
  And this clip, just boom, proves it. 100%, I love how you said
• 16:07
  that about CNNBC being a high time preference channel.
• 16:11
  It is like the the epitome of Fiat TV, 100%.
• 16:17
  I think independent media is the future of media.
• 16:20
  I saw a statistic this morning. About for the first time ever,
• 16:25
  cable news or just traditional television has actually actually
• 16:30
  has less viewers than new forms of media, whether that's
• 16:34
  Netflix, HBO, YouTube, all that stuff.
• 16:37
  So clearly this is the future. Also, this is a theory that was
• 16:40
  predicted by the book The Sovereign Individual, which you
• 16:42
  guys know. I'm a huge fan of what the
• 16:45
  Internet was going to do into information technologies and all
• 16:47
  that stuff. So yeah man, really, really
• 16:50
  exciting times. You know I think it's causing a
• 16:53
  little bit of chaos. This guy was just proven
• 16:55
  absolutely wrong. And look, it's it's literally a
• 16:58
  life lesson. Just stay humble, stack sats,
• 17:01
  buy Bitcoin, earn Bitcoin. My Bitcoin, take that said
• 17:04
  Bitcoin into cold storage. Forget about it.
• 17:06
  Save it for a rainy day. Multi generational wealth.
• 17:10
  Anyways, everybody before wait, wait, wait, Nico, before we move
• 17:12
  on, I want to emphasize something that Adam said, and
• 17:15
  it's a it's a great meme and I thought, you're gonna hit on it,
• 17:18
  he said. Something about Bitcoin gives
• 17:21
  your family a chance to, you know, build wealth going into
• 17:25
  the future. Here we go, here we go.
• 17:27
  You know, Bitcoin would have gave me and Chrissy a chance to
• 17:30
  improve on our relationship, but she is anti Bitcoin and I just
• 17:33
  can't have that. I can't build a family.
• 17:35
  There's no family values on the Fiat standard.
• 17:38
  This is why we are Bitcoin only. But now seriously Adam, I I
• 17:41
  think you hit the nail on the head with with that that phrase
• 17:43
  right there. Like Bitcoin gives your family a
• 17:45
  chance to survive and to build wealth and and moving forward.
• 17:49
  More people are waking up to this.
• 17:51
  Yeah, quickly on your note, whenever I hear about the book,
• 17:54
  the sovereign individual, I always think about Atlas
• 17:56
  Shrugged. And I'm listening to Atlas
• 17:58
  Shrugged right now. And I I told you guys before the
• 17:59
  show, we my my family was on a road trip and I played the money
• 18:03
  speech in the car. I'm not sure you guys have read
• 18:06
  the book. If you haven't, just Google or
• 18:08
  YouTube. The money speech from outlet
• 18:10
  shruggs about 15 minutes long and it's absolutely perfect.
• 18:13
  We all know Iron Ran was a massive bitcoiner and so you can
• 18:17
  imagine my my. My 5:00 and 6:00 and three-year
• 18:20
  old listening to the money speech as we're driving to the
• 18:23
  Rocky Mountains in Alberta. It was pretty epic.
• 18:26
  That dude that. I mean, your kids are gonna be
• 18:29
  like fucking hardcore hardcore Austrian economist fucking
• 18:36
  bitcoiner. Like, leave me the fuck alone.
• 18:38
  I love that. I love that.
• 18:39
  Anyways guys. 6 year old What do hard times create?
• 18:43
  They'll tell you strong men without missing key.
• 18:49
  That's right. Absolutely love that.
• 18:50
  This is how we win, guys. This is how we win.
• 18:52
  Anyways guys, before we move on to the next segment, I want to
• 18:55
  give a very special shout out to the largest Bitcoin conference
• 18:59
  on the face of the Earth. I'm talking about the Bitcoin
• 19:02
  2024 conference. It's not going to be in Miami
• 19:04
  this year. It's going to be in Nashville,
• 19:06
  TN July 25th through the 27th, the year of the having.
• 19:10
  You definitely don't want to miss it.
• 19:12
  Get your tickets quickly. For a GA, it's only 349 for an
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  already discounted tickets. All right guys, let's get to the
• 19:36
  news. We got a lot to cover today.
• 19:37
  Let's check it out, The Daily News.
• 19:46
  All right guys, I also want to give a shout out to one of our
• 19:49
  sponsors, Bitcoin Evangelism. It's a book written by Brian de
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  Mint from the Orange Pilap the Great Tatum Turnum.
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  One turn up once said Bitcoin evangelism is like the Bitcoin
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  perfectly but they still didn't understand what you said.
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  to anyone. Bitcoin Boomer Check on Enda
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  currency of the Antichrist? Check.
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  Annoying dude from work that rubs it in your face anytime the
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  price of Bitcoin is down? Check.
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  You definitely want to check out Bitcoin Evangelism planting the
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  seeds for the decentralized revolution?
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  You could scan the QR code on your screen right now and it'll
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  take you directly to Amazon. Anyways, guys, let's check out
• 20:44
  the interesting, maybe conspiratorial.
• 20:48
  I have no idea what the F is going on, but it is quite
• 20:52
  strange this article dropped out dropped yesterday.
• 20:56
  Look, it looks like it was updated too.
• 20:59
  And it is a rare look into the finances of Elon Musk, secretive
• 21:04
  SpaceX And interestingly this came out also around the same
• 21:08
  time that the Bitcoin price kind of dumped.
• 21:14
  But like take a look at the wording of the bottom and then
• 21:17
  you let me know what you guys think of it.
• 21:20
  I quite don't understand. The documents also show SpaceX
• 21:24
  wrote down the value of Bitcoin it owns by a total of
• 21:27
  373,000,000 last year and in 2021 and has sold its
• 21:32
  cryptocurrency and it sold and has sold the cryptocurrency.
• 21:36
  Tesla has taken a similar approach with its Bitcoin
• 21:39
  holdings. Must has posted about crypto
• 21:41
  currencies frequently over the years like IS.
• 21:45
  That the edit I have no idea what and it's written weird like
• 21:49
  it's like the documents also show SpaceX down.
• 21:51
  The wrote down the value of Bitcoin.
• 21:53
  It's owned by a total of 370 million last year and in 2021,
• 21:59
  and has sold the cryptocurrency like.
• 22:01
  Wrote down is just an accounting practice.
• 22:03
  That's what public companies have to do to ask on their
• 22:05
  balance sheet when prices fluctuate.
• 22:08
  That's like that's got nothing to do with anything other than
• 22:12
  Fiat standard accounting rules for like.
• 22:16
  Companies with large investors. It's really it's really fucking
• 22:19
  weird. Okay.
• 22:20
  And then like also like I don't like this is like written wrong
• 22:23
  and and anyways okay moving on. So this is watch a guru.
• 22:29
  They said we were unable to confirm reports that SpaceX sold
• 22:33
  $373 million worth of Bitcoin. The report by the Wall Street
• 22:37
  Journal is unclear. And you know, it states the
• 22:40
  passage that I just read to you guys and here is the I I don't
• 22:43
  want to say Fact Check because it's really like community
• 22:46
  notes. So it's like the users of
• 22:49
  Twitter came together, but this was a a tweet by Bitcoin
• 22:53
  Magazine, says Breaking Elon Musk.
• 22:56
  SpaceX sold all of its $373 million of the Bitcoin.
• 23:01
  And then here's the community note.
• 23:02
  Mind you guys, Twitter is owned by who?
• 23:06
  Elon. Twitter's a private company.
• 23:08
  So is SpaceX. Anyway, goes on to say there is
• 23:11
  no evidence to support this sweet claim of $373 million
• 23:15
  Bitcoin sale by SpaceX. Wall Street Journal did not say
• 23:18
  SpaceX sold $373 million for the Bitcoin.
• 23:22
  There's also no evidence provide provided proving when a sale
• 23:26
  occurred and how much was sold. So I mean like, this is like
• 23:30
  weird language. Apparently they're reaching out
• 23:32
  to the Wall Street Journal for clarification.
• 23:34
  But I'll just tell you what guys, all right.
• 23:37
  SpaceX owned by Elon. Twitter owned by Elon.
• 23:40
  And this also caused the price to fall 9%, which means it's 9%
• 23:45
  cheaper for anyone trying to stack.
• 23:47
  I'm not saying it's a conspiracy, I'm not trying to
• 23:49
  say it's market manipulation, but like we always say on the
• 23:53
  show, there's a lot of coincidences happening at the
• 23:56
  same time. Man, that's all I gotta say.
• 23:58
  What's your take, Adam? And then we'll move to Opti.
• 24:00
  Yeah, I mean it just looks like game of telephone.
• 24:03
  Like, you know, the game where you say like peanut butter and
• 24:06
  jam sandwich and then it ends up being like I bought a new car
• 24:09
  down the line. It's like some guy wrote, they
• 24:11
  wrote it down and then said they may be sold some.
• 24:14
  And then we've got, you know, the heroic Bitcoin magazine
• 24:17
  telling us it's all gone. Looks like garbage.
• 24:21
  Maybe it's the Bitcoin Magazine guys trying to try to stack.
• 24:23
  Who knows? I don't know, man.
• 24:25
  It's. I have no idea what's going on
• 24:27
  there. Is Nick, Nick.
• 24:29
  Nick, are you are you trying to stack cheap sites?
• 24:32
  From Nick. Can't mind Funding The Price.
• 24:35
  We caught you, Bro. Oh, man.
• 24:37
  I don't know. I don't know what's going on.
• 24:39
  I I wouldn't. I wouldn't.
• 24:40
  I have no idea what's going on. I have no idea.
• 24:43
  I did also hear through a Grapevine that they're gonna
• 24:46
  sell. Remember the popcorn tin they
• 24:48
  found from the original Silk Road hack?
• 24:50
  Yeah, I think that had 50K Bitcoin in it.
• 24:54
  I heard they were gonna start selling those off and I'm not
• 24:57
  sure if that was if maybe someone had some some slippery
• 25:00
  fingers in there, but I don't know.
• 25:03
  I mean, doesn't even matter. Maybe.
• 25:05
  Maybe I don't. I I really this is just the
• 25:08
  whole thing is just kind of weird like and I can't even come
• 25:10
  to any conclusions and tell you guys, OK, this is what happened.
• 25:13
  I have no idea. Anyways, in other news, this
• 25:16
  this is really what I'm this is really what I'm actually kind of
• 25:20
  interested in talking about today.
• 25:22
  And just to kinda you guys know the motto of the show.
• 25:24
  This is your number one source for the peaceful Bitcoin
• 25:26
  revolution. This is an example of that in my
• 25:29
  opinion. So here is a summary from our
• 25:33
  friends over at Nobs Bitcoin. They do an incredible job and
• 25:38
  the name of the article is Argentina's leading presidential
• 25:41
  candidate vows to shut down Central Bank if elected.
• 25:44
  So we covered this on Monday in a way, but I really wanna talk
• 25:49
  about the concept of the Overton Window on today's show and we'll
• 25:53
  get to that in a second. So first says Malay's plans
• 25:56
  include slashing spending by at least 13% of GDP before mid 2025
• 26:02
  by dramatically downsizing public works, reducing the
• 26:05
  number of ministries, removing subsidies and capital
• 26:08
  restrictions that would allow businesses to transact in U.S.
• 26:10
  dollars. More drastically, he also plans
• 26:14
  to shutter the central bank, which he says, quote has no
• 26:18
  reason to exist. Right.
• 26:20
  Remember that when we're talking about the Overton Window and
• 26:23
  dollarize the $640 billion economy now, it's interesting
• 26:28
  that if he, if he pulls this off and he dollarizes the economy,
• 26:32
  you're going to get, they're going to get to the eventual
• 26:34
  conclusion that holy cow. Now we're not even getting to
• 26:37
  dictate our monetary, our monetary policy.
• 26:39
  It's the United States. And remember a similar a country
• 26:44
  not in, not in South America but a Latin American country was in
• 26:48
  very similar shoes. In that country was El Salvador.
• 26:51
  El Salvador is dollarized, right?
• 26:53
  And they chose to make Bitcoin legal tender anyways, goes it
• 26:57
  goes on to say central banks are divided in four categories.
• 27:01
  The bad ones like the Federal Reserve, the very bad ones like
• 27:04
  the ones in Latin America, the horribly bad ones, and the and
• 27:08
  the Central Bank of Argentina. If Malay wins the presidency, he
• 27:13
  plans to hand over the keys to the central bank to economist
• 27:16
  Emilio Kempo, his informal advisor on the dollar
• 27:19
  dollarization program, so that he can shut it down.
• 27:23
  Ocampo will also help in negotiations with the I MF fund
• 27:26
  with the International Monetary Funds, which has a 70, which has
• 27:29
  a $44 billion program with the South American nation.
• 27:33
  The candidate says he has no plans to ask the I MF for money,
• 27:36
  which is exactly what Nambu Kale I heard from his senior
• 27:41
  presidential advisor. That was one of the things that
• 27:45
  named Mckellie told the IMF. Now why are they telling that to
• 27:47
  the IMF? Well, that's the leverage point,
• 27:49
  right? One of the conditions that the
• 27:51
  IMF gave Argentina for that bailout was that they had to de
• 27:56
  incentivize the adoption of Bitcoin in the country.
• 27:58
  But if you say no, no, no, no, I don't want your money, I'm gonna
• 28:01
  try something else. They don't really have that
• 28:04
  leverage anymore. And that's precisely why they
• 28:07
  were so hostile towards El Salvador when El Salvador
• 28:10
  decided to make Bitcoin legal tender.
• 28:12
  It's an alternative to the IMF system.
• 28:14
  And if you've been paying attention to Alex Gladstein's
• 28:17
  work, also, there's a great book called The Confessions of the
• 28:19
  Economic Hitman. The IMF really perhaps doesn't
• 28:23
  do the things that they say they do.
• 28:26
  Anyways, goes on to say another quote, the central bank is a
• 28:30
  scam, a mechanism by which politicians cheat the good
• 28:33
  people with inflationary tax, right?
• 28:36
  It's a very, very strong statement.
• 28:37
  Mind you, this guy won the presidential candidate candidacy
• 28:42
  vote for by 30. He he got 31% of the vote.
• 28:47
  The person after him or before him got a 21% or 20% of the
• 28:52
  world. So he he won the vote by 11%.
• 28:55
  Absolutely massive. This guy actually has a shot at
• 28:58
  winning the presidency. Now why is all of this
• 29:00
  important? When I read you what the what
• 29:02
  the concept of the Overton Window is, and it says the
• 29:05
  Overton Window is an approach to identifying the ideas that
• 29:08
  define the spectrum of acceptability of government
• 29:12
  policies. It it said it says politicians
• 29:15
  can act only within the acceptable range.
• 29:18
  Shifting the Overton Window involves proponents of policies
• 29:21
  outside the window persuading the public to expand the window.
• 29:26
  And you could say without a doubt, based on the results of
• 29:29
  this, that this guy has shifted the fuck out of the Overton
• 29:33
  Window, right? So take a look at here for audio
• 29:38
  listeners. Right on the very top it says
• 29:40
  unthinkable. Under that it says radical.
• 29:42
  Under that it says acceptable. Under that it says sensible,
• 29:45
  under that it says popular. And in the middle it says
• 29:48
  policy. He has definitely shifted the
• 29:51
  idea that a central bank is a scam, that inflation is a tax.
• 29:57
  He's definitely shifted that for maybe radical, maybe acceptable,
• 30:01
  maybe sensible. You could definitely say without
• 30:04
  a doubt based on the results of this last thing, that it's in
• 30:06
  the popular and if he gets elected, it might even fucking
• 30:10
  become policy, which is absolutely bonkers.
• 30:14
  Yeah man, I I, I totally get why the IMF fear Bitcoin.
• 30:18
  I totally get why. You know, they're they're
• 30:21
  labeling this guy all the things that they want to label him.
• 30:24
  He has said some crazy shit, I'm not going to lie, but man, oh
• 30:28
  man, like boy has he shifted the Overton window.
• 30:31
  And even if he doesn't win, he is getting into the mainstream
• 30:36
  consciousness of Argentines. This idea that, holy shit,
• 30:40
  central banks are necessary. Inflation truly is a tax.
• 30:44
  And you know this Bitcoin thing, it's pretty dope.
• 30:47
  You know, it's it's it's money. What he says money from the
• 30:50
  private sector. I would say Bitcoin is much more
• 30:53
  public than government money. I would say government money is
• 30:56
  a lot more private. But you know, they'll, they'll
• 30:59
  use the, the, you know, the jargon to try to, you know, mix
• 31:04
  things up and whatever. And they'll get Christine
• 31:06
  Lagarde to to sign the bank notes and say, but hey guys, I'm
• 31:10
  gonna sign it, but you guys get to choose the color and the
• 31:13
  design and all that stuff. I actually voted in that and I
• 31:17
  sent a picture of Opti so that Opti could potentially be on the
• 31:22
  €10 bill. But I don't know if, I don't
• 31:24
  know if Christie's gonna be OK with that.
• 31:26
  You know, like, what do you guys think?
• 31:28
  A smiling picture of Opti like on the Euro?
• 31:31
  I think it'd be pretty funny. It'd be tough for me to burn
• 31:33
  those though. And I just, I just loved burning
• 31:36
  with the hot and with off these face on there.
• 31:38
  I mean, I couldn't light it on fire.
• 31:40
  It's just too beautiful. That's true that maybe.
• 31:42
  Maybe it's maybe it's a bad idea.
• 31:44
  Maybe it's a bad idea. Maybe you're right.
• 31:46
  Anyways, in all seriousness, Adam, what's your take on Javier
• 31:50
  Miley? And look this old.
• 31:51
  By the way, this all this isn't only happening in Argentina.
• 31:55
  This is happening in the United States.
• 31:57
  I have RFK Junior, We have Ron De Santis, both staunchly
• 32:01
  against Cbdc's pro Bitcoin. Also in Canada you have Polier
• 32:06
  Poliver who has a good chance at.
• 32:09
  That again, I totally butchered it.
• 32:11
  Sorry Nico can't read. I'm Hispanic, I'm not French.
• 32:15
  How do you say, how do you say his last name?
• 32:17
  Pierre Poliev Poliev OK. Wow, even wrong.
• 32:21
  So wrong, Pierre Poliev. It's interesting.
• 32:24
  I, I, I'm of two minds on this. It's interesting having
• 32:28
  politicians. Politicians are politicians and
• 32:31
  having them in Bitcoin is probably a little bit like
• 32:34
  goodish short term. I think if it moves the Overton
• 32:37
  window, perfect. Let's go.
• 32:39
  Actually, like Bitcoin Brains, Dave and I had dinner with
• 32:44
  Polyev as part of a larger Group A couple years ago, kind of
• 32:47
  before he went on his Bitcoin run.
• 32:51
  And you could see him, We were talking about Bitcoin,
• 32:53
  obviously. You could see him really
• 32:56
  understanding Bitcoin, like in a snap.
• 32:58
  It was someone who understood what sound monetary policy needs
• 33:02
  to be. And then hearing him ask the
• 33:04
  right questions and get the answers that he was expecting
• 33:07
  was just like, boom, Bitcoin makes so much sense.
• 33:10
  And it was so sick to watch him go on this massive Bitcoin tour
• 33:15
  talking about Bitcoin. And then when the price fell, he
• 33:19
  just completely abandoned it. It was like sound money didn't
• 33:22
  matter anymore. And that kind of pissed me off.
• 33:23
  So I'm like, having been like, watching politicians play this
• 33:29
  game for a bit longer. I mean starting in this like
• 33:31
  massive bull run. Like last bull run, watching him
• 33:35
  talk about Bitcoin, it was all good.
• 33:36
  Seeing politicians now start in the bear market makes me very
• 33:40
  interested cuz it's a lot about price.
• 33:42
  Like Poly ebbs speeches and and and and and quotes were all
• 33:46
  about like inflation and and blah blah blah, which is true in
• 33:49
  the long term and obviously not in the short term.
• 33:52
  And so he got like. Criticize in our like we got
• 33:55
  crazy monopoly left wing communist media here in Canada
• 33:59
  and they just absolutely crucified him in it which I
• 34:02
  think hurt ratings and and and you know we all know what
• 34:05
  politicians think about ratings so I'm of two minds about
• 34:08
  politicians in Bitcoin and and and how they what they say and
• 34:12
  how they react and what their what their platforms are but
• 34:15
  Overton window aside more people in Canada than ever I mean we
• 34:18
  have the big trucker thing as well which I think helped move
• 34:21
  the Overton window about what's possible in a centralized.
• 34:24
  The economy and yeah, super positive.
• 34:27
  I'm interested. I'm watching the comments here.
• 34:29
  It's interesting seeing some guys, they're not loving the
• 34:32
  Argentinian president saying he's a bit of a fraud, which is
• 34:36
  maybe furthering the like politicians in Bitcoin like.
• 34:39
  Does Bitcoin even need a government?
• 34:41
  I don't know. I completely agree.
• 34:43
  And that goes with the theory of the sovereign individual that
• 34:45
  Bitcoin information technology will eventually make politics
• 34:49
  irrelevant. However, during the
• 34:50
  transitionary period, unfortunately I think the more
• 34:53
  politicians are on the side of Bitcoin, even if they don't
• 34:56
  quite understand or believe it, like if they're just pushing pro
• 35:00
  Bitcoin policy, I think that's enough like that that that
• 35:05
  pushes stuff to our side. And I completely agree.
• 35:08
  I don't think Ron De Santis or or Vivek Vamasami, I totally
• 35:12
  pronounced that correct incorrectly or pulier.
• 35:16
  Polyvet. Yeah, polyveen.
• 35:19
  There we go. There.
• 35:22
  We go the presidential candidate in Canada.
• 35:29
  You know, maybe they don't, they don't.
• 35:30
  Maybe they'll actually believe this, but they're saying this
• 35:32
  because they think they're going to get votes out of this, Right.
• 35:35
  Right. So yes, in terms of moving.
• 35:38
  The Overton window, which is, Which is definitely positive for
• 35:41
  sure. Yeah, yeah, 100%.
• 35:43
  And for the central bankers, they're fucking terrified,
• 35:45
  right? The idea that, like, the mere
• 35:48
  concept of having a central bank is a scam, that inflation is a
• 35:51
  scam they're looking at, there's like, no, no, like, this is
• 35:54
  crazy. This is taboo.
• 35:55
  You guys can't talk about this. What the fuck is going on?
• 35:58
  And ten years ago when I started talking about Bitcoin, I was
• 36:01
  talking about like to my friends and family and stuff.
• 36:03
  It was all about like, you know, money in the bank isn't real,
• 36:06
  Fiat's a scam, blah, blah, blah. And they were like, you're
• 36:09
  insane. Like, you are actually crazy.
• 36:11
  You're spreading hate. This is bad.
• 36:13
  Bitcoin's a scam. And and now when we talk about
• 36:17
  it, it's like, oh, you were super right, Like, like, I
• 36:19
  didn't realize how bad it was going to get so quickly and and
• 36:22
  and how fast we could get here. And it's like it's a little bit,
• 36:25
  I mean. It's not gonna stop.
• 36:27
  Doesn't stop. Fiat rat race continues.
• 36:30
  Amen to that. Amen to that, Opti.
• 36:32
  What's your take on all this, brother?
• 36:33
  Yeah, so first I also want to double down on the idea the
• 36:36
  Overton windows moving. I've been seeing this happen in
• 36:39
  real time and I've been kind of questioning myself whether I'm
• 36:44
  actually seeing the pendulum swing the other way.
• 36:47
  But I think we have seen the pendulum swing too hard in One
• 36:50
  Direction. And we're starting to see people
• 36:53
  wake up to the real problems in the world and and Adam and I
• 36:56
  were having this conversation before.
• 36:58
  Just like how normalized this madness is.
• 37:01
  Craziness has become and and everyone thinks that it's like
• 37:04
  some obscene thing. It's too complicated.
• 37:07
  I'm not smart enough to to talk about these issues and it's very
• 37:10
  simple. We we've been talking about it
• 37:12
  all week. You know, inflation steals from
• 37:14
  all of us and we are all holding melting ice cubes in our hands
• 37:17
  and people need to find solutions.
• 37:19
  And we have the solution, and it is obviously Bitcoin and and of
• 37:23
  course, like everyone's saying in the chat, I'm not sure what
• 37:25
  to think about Melee from Argentina, but he is saying what
• 37:30
  we say all the time. So on that note, it is exposing
• 37:34
  more people to the fact that we aren't just crackpots, we aren't
• 37:37
  just like crazy conspiracy theorists.
• 37:40
  Like we're not just these. Whatever nomenclature you want
• 37:43
  to call us, it's like we are the ones with the signal right now
• 37:47
  and more people are waking up to this and the Bitcoin.
• 37:49
  Signal is slowly but surely inching into the mainstream
• 37:52
  signal, and it's only a matter of time until everyone else,
• 37:55
  well man, everyone else wakes up to the problems.
• 37:59
  So it does seem like for maybe he isn't.
• 38:04
  Bukele But it does seem like the Bukele strategy is starting to
• 38:09
  make waves in South America. And hey, not everyone is going
• 38:13
  to be as successful as Bukele. Not everyone's going to be a
• 38:15
  bitcoiner, but at least people are trying new things and for
• 38:19
  better or worse, this is going to be good.
• 38:22
  It's going to be good on the long in the long term.
• 38:25
  TLDR On that note, we are winning, but I I kind of want to
• 38:28
  go back to must because you were talking about him in the
• 38:31
  beginning. It just goes to show you how
• 38:34
  early we are when one person's opinion still moves the market
• 38:38
  and you can see that this is still the case and and it just
• 38:42
  goes to show on there's multiple things that you can you can jump
• 38:46
  on on and on that vein one is obviously most people have no
• 38:50
  clue what they're holding. If must doesn't like it though,
• 38:53
  oh, I. Shouldn't like it either.
• 38:55
  And these are the same type of people that would literally
• 38:57
  follow Musk off a Cliff. And it's just like okay, you
• 39:01
  know, like I see you, I feel for you, I'm empathetic.
• 39:05
  But just cuz you don't like the value of a car doesn't mean the
• 39:08
  car has no value. And this is where we are.
• 39:10
  Bitcoin is superior technology to Fiat money.
• 39:13
  And more people are waking up to this and of course we talk about
• 39:16
  it constantly on the show that yes, traders are on the margin.
• 39:19
  There's you know small liquidity that moves on the markets and
• 39:22
  that's what makes all these price fluctuations and
• 39:25
  volatility. So either way it really just
• 39:28
  makes you wonder how early we are to all this stuff.
• 39:32
  And also that like the Fiat practices you know as as Adam
• 39:37
  was telling us that that really like.
• 39:40
  I don't know. Makes my conspiracy theory hats
• 39:42
  come up and it's like, OK, what are they doing?
• 39:44
  Are they just like adjusting paper ledgers on there?
• 39:47
  You know, they're just doing some accounting?
• 39:49
  Or are they actually selling their Bitcoin?
• 39:52
  Like, is there liquidity problems there?
• 39:54
  Like is is must overstretching himself with all the stuff he's
• 39:58
  doing with Twitter and SpaceX and stuff?
• 40:00
  You know, I'm sure the conspiracy theories are going
• 40:01
  wild right now, but I think. Either way, it doesn't really
• 40:05
  matter for us. We just got cheap sets and the
• 40:09
  best time to be stacking is when there's blood on the streets, as
• 40:11
  the saying goes. And I I even had some friends
• 40:14
  hit me up last night like, yo, what's going on with the prize,
• 40:16
  bro? I'm like, if you have money on
• 40:18
  the side, just slowly deploy that capital.
• 40:20
  This is the last leg down that we've all kind of been waiting
• 40:23
  for. Is this the final bottom?
• 40:26
  Who knows? But we know that maybe this is
• 40:30
  the last capitulation. Maybe Musk is the sacrifice we
• 40:33
  need for the bull run to continue Sell.
• 40:34
  Hey. Let's go, man.
• 40:39
  All right, everybody. I think Adam wanted to jump in
• 40:41
  on some say something. Yeah, just to highlight like how
• 40:44
  messed up the Fiat practices are.
• 40:46
  So, like we're publicly traded and we have to abide by all of
• 40:49
  these Fiat practices. We are, We have to mark up.
• 40:55
  Sorry, we have to mark down. The price of Bitcoin that we
• 40:58
  hold on our balance sheet when the price falls, but we're not
• 41:02
  allowed to market up as the price rises until we actually
• 41:06
  realize the gains, and then when you realize the gains, aka sell,
• 41:12
  that money goes into the profit loss section.
• 41:15
  Of your operations. So, like, it could just be a
• 41:18
  complete, like, shell game of shuffling numbers on a balance
• 41:22
  sheet, trying to either trick or at best deceive their investors
• 41:28
  like SpaceX and or Tesla. Like, look, we're super
• 41:31
  profitable. It's like, yeah, you're
• 41:33
  profitable because you sold your Bitcoin.
• 41:35
  That's like not because your OPS are good, not because your
• 41:38
  business is sound. Only because you, you know, made
• 41:41
  a good decision a few years ago and you followed up with a bad
• 41:44
  one by selling. Bitcoin and now you're
• 41:46
  profitable. So it's like the Fiat economics
• 41:49
  and the Fiat practices when we're working in this Fiat
• 41:52
  ecosystem are quite interesting and are not conducive to the
• 41:57
  Bitcoin standard whatsoever. Yeah, dude, 100% like it's too.
• 42:00
  It's like these two this archaic system clashing with this new
• 42:05
  system and it's just a. It just points out like it shows
• 42:08
  all the. All the ridiculousness, all the
• 42:12
  ridiculousness is of the Fiat system 100%.
• 42:16
  Anyways, everybody, let's move on to the culture.
• 42:19
  We have a lot to talk about. We're going to talk about
• 42:21
  Bitcoin. Well, today let's check it out,
• 42:27
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  Visit swanbitcoin.com today. All right guys, I also want to
• 42:53
  tell you about the Pacific Bitcoin Festival in Los Angeles,
• 42:56
  CA, October 5th through the 6th. It's going to be the largest.
• 43:00
  Bitcoin celebration on the West Coast.
• 43:01
  You definitely don't want to miss it.
• 43:03
  Current speakers include Jimmy Song, Lynn Alden, Greg Foss,
• 43:06
  Alex Gladstein, Corey Clips, and Preston Pish, the High priest of
• 43:10
  Bitcoin himself, Max Kaiser, Stacy Herbert, Stefan Lovera and
• 43:14
  many, many more. Opt and I are going to be there.
• 43:15
  You definitely don't want to miss the biggest Bitcoin
• 43:17
  celebration on the West Coast Pacific Bitcoin Festival promo
• 43:21
  code simply to get 21% off your tickets to the festival.
• 43:26
  Anyways, Opti, what are we talking about?
• 43:29
  Yeah, yeah, before, before I pull up what Adam's working on.
• 43:32
  I know you guys love the rabbit hole stories and I think this is
• 43:36
  going to be a fitting way to talk about what Adam's working
• 43:39
  on. And it's the quintessential
• 43:41
  question of why Bitcoin And and the reason I want to start with
• 43:44
  why Bitcoin is because I think this is going to lean into the
• 43:48
  company philosophy and all the things you're working on and you
• 43:51
  are telling us behind the scenes just so much sauce that we got
• 43:54
  to give it to the people. So, Adam, why Bitcoin?
• 43:56
  Why are you a Bitcoin? Why do you build on Bitcoin?
• 43:59
  Yeah man, the Bitcoin. Like, why Bitcoin is the only
• 44:02
  real thing to talk about. I think I found Bitcoin in 2013.
• 44:07
  And it was like everyone who gets the Bitcoin, it was number
• 44:10
  go up that caught my attention. It was like, oh hey, look, fake
• 44:13
  Internet money is worth 100 bucks.
• 44:16
  I'm going to be smart and disprove this.
• 44:18
  And when you learn about me to try to disprove Bitcoin, you
• 44:21
  inherently learn about Bitcoin and then you learn about
• 44:23
  economics and and ultimately Fiat wrapped up in a bubble.
• 44:27
  And then you realize that Bitcoin is actually just the
• 44:30
  obvious answer, and that everything that you've been
• 44:31
  taught for two decades, in my case, was the scam.
• 44:35
  And that is actually what needs to be disproven.
• 44:38
  So I went on, started my Bitcoin journey.
• 44:40
  Then as I mentioned earlier, I was like very excited about
• 44:44
  Bitcoin like. You know, imagine 20 year old
• 44:46
  Adam in 2013 being like your money in the bank is a scam and
• 44:51
  this Internet token is going to fix it.
• 44:53
  And like my dad's friends, like these people that are a little
• 44:58
  bit older than I am or like you're crazy kid, you need to
• 45:02
  learn about what you're talking about but kind of just kept
• 45:04
  going. Same philosophy of like Bitcoin
• 45:08
  is sound money and then, you know, obviously watched the.
• 45:12
  Like the chaos ensue over the next like up until now like I've
• 45:16
  you know our mission about Bitcoin well is is self custody
• 45:19
  by default. It's to enable independence.
• 45:21
  Is is why we exist which is you know not take a jab at our at
• 45:26
  the sponsor here. We don't encourage self custody.
• 45:28
  We force self custody. You can't buy and hold Bitcoin
• 45:31
  at Bitcoin. Well, you can only buy and then
• 45:33
  take custody immediately. And I think that's because I've
• 45:37
  seen like I lived through in Canada, we had a massive one
• 45:40
  called Quadriga. Before that there was Mount Gox
• 45:43
  which affected lots of my friends and family after that
• 45:46
  obviously most recently FTX. But how many like little tiny
• 45:50
  ones in between that have just been covered up by investors or
• 45:53
  covered up by insurance. And it's just like you
• 45:56
  absolutely need to be Bitcoin focused and you need to be self
• 46:01
  custody focused and so started with Bitcoin ATM which at that
• 46:04
  point was really the. The only way, like the fraud in
• 46:06
  Canada is is pretty insane. It's pretty bad in the States
• 46:09
  too. People buying Bitcoin with
• 46:11
  stolen bank accounts and the and the the like.
• 46:15
  The banking system just blames the merchant.
• 46:17
  So back in 2015. I was accepting digital payments
• 46:22
  for Bitcoin. The bank told me they were
• 46:23
  irreversible and lo and behold they were not.
• 46:27
  And so I would send Bitcoin instantly based on our non
• 46:30
  custodial practices and then 30 to 45 days later all that money
• 46:35
  gets recalled. And it was like the anti fraud
• 46:38
  practices, the anti fraud technology just wasn't capable,
• 46:41
  it wasn't possible back then. So it was Bitcoin.
• 46:44
  ATM was the focus, it was cash to Bitcoin instantly.
• 46:46
  We've got a network of ATM around Canada and then last year
• 46:49
  we. We launched in Canada our
• 46:51
  Bitcoin portal, which as you're showing there, I think in Canada
• 46:55
  we've got a payment rail called Interactee Transfer and it's
• 46:59
  actually pretty good. It's super centralized, it's all
• 47:01
  Fiat, but it sends money relatively instantly, kind of
• 47:04
  like what PayPal and Venmo do. And in Canada you can go bank to
• 47:08
  Bitcoin on the blockchain in less than 30 seconds.
• 47:11
  My record is 9 seconds where I sent an E transfer and had
• 47:15
  Bitcoin in my self custody. Wallet on the blockchain, TXID
• 47:19
  in hand in nine seconds which is pretty cool.
• 47:22
  And then last week we just kind of soft launched in the states
• 47:26
  where you can you can sign up, link your bank account and buy
• 47:29
  Bitcoin, take them directly into self custody immediately.
• 47:32
  At no point in time or the SAT sitting with us the 2nd we were.
• 47:36
  Receive your money. The Bitcoin is on the blockchain
• 47:39
  and out there. That said, it's not as fast
• 47:42
  unfortunately, because the ACH rails in the states really,
• 47:46
  really suck. So in most cases it's about 24
• 47:50
  hours from like sending the money to it being funded and
• 47:54
  then and then Bitcoin on the blockchain.
• 47:56
  But it's early days for us in the states.
• 47:58
  We're excited to get some hardened bitcoins on the
• 48:01
  platform. And I'm looking forward to, like
• 48:04
  I kind of said, I don't want to encourage self custody.
• 48:07
  I want to force it. And Nico and I had a great
• 48:09
  conversation at the Bitcoin Rodeo here in Alberta a few
• 48:12
  months ago about there's lots of uphill battles with self
• 48:17
  custody. In the real world, and I want to
• 48:20
  fight them all, I think it's one of the most important things we
• 48:22
  can do is enable independence as a as a business.
• 48:26
  And you can't do that when coins are just sitting in someone
• 48:29
  else's wallet. So it's self custody or bust for
• 48:32
  us? I love that.
• 48:34
  I love that it's it's self custody by default.
• 48:36
  That's really, really interesting concept.
• 48:39
  And you know we say this all the time, right?
• 48:41
  The the you know, if enough people take self custody, we'll
• 48:45
  win no matter what they do. And you know, I don't think
• 48:49
  things really change unless people take self custody, right?
• 48:55
  So so anyways, ATI what's your talk?
• 48:58
  What's your. Yeah, actually, I kind of want
• 49:01
  to circle back to something that you said in the beginning.
• 49:04
  Did you work in like traditional finance before Bitcoin, or you
• 49:09
  said something about like two decades of doing this?
• 49:13
  So is that like trading or? No, no, sorry.
• 49:16
  I meant 2 decades of just living like I'm like, okay, okay, Yeah,
• 49:19
  like when I said two decades, it's like when I turned, I think
• 49:23
  I was 8 or 9. Like Dad takes me to the bank,
• 49:26
  we got a bank account and that's all fine, but then it's like.
• 49:28
  All your money goes to the bank and then you're in school and
• 49:30
  you're completely financial illiterate through school.
• 49:33
  And you learn about like the communist curriculum that exists
• 49:36
  in the school system and how good the government is for your
• 49:41
  money and how bad it can be if you try to do it yourself.
• 49:44
  And that's more what I meant about like 2 decades of learning
• 49:48
  growing up, not being taught about money and more importantly
• 49:51
  sound money is and then switches to.
• 49:55
  Like, oh, Bitcoin, this is the obvious answer.
• 49:58
  It completely flips the script from what we're taught at a
• 50:00
  very, very young age. Yeah, 100%.
• 50:03
  I I always ask friends and and the rhetorical questions like
• 50:06
  are bitcoiners made or are they born?
• 50:09
  Because like I feel like I've been primed to be a bitcoiner
• 50:12
  through all my life experience. And I I was telling you before
• 50:14
  the show, I was like, I don't know, something about my mother
• 50:17
  instilling in me early, like, I just hate banks.
• 50:20
  And so it's like I've always been a bitcoiner now.
• 50:23
  But I want to ask you as a Bitcoin entrepreneur, what's it
• 50:26
  mean for you to build on Bitcoin?
• 50:27
  Like you you talk about why you're obsessed with Bitcoin,
• 50:30
  but how come you know, we've devoted our lives to Bitcoin?
• 50:32
  Like, why are you a Bitcoin entrepreneur?
• 50:35
  Yeah, I think it's important to remember.
• 50:38
  It's just the why. It's the why of independence.
• 50:41
  Like I go home every day and my son, I think my son more than
• 50:46
  he's a bit older and kind of gets it a bit more.
• 50:49
  But he asks me what I'm working on and why are you doing that,
• 50:53
  Dad? And.
• 50:54
  What does it mean And and he understands that like we enable
• 50:58
  independence and and he understands what that means and
• 51:00
  it's so rewarding to go home look my 6 year old in the eyes
• 51:04
  and be like yeah like I helped someone set up cold storage and
• 51:08
  then showed them how to buy Bitcoin instantly and send it
• 51:12
  directly to cold storage in like that's the safest way to buy
• 51:16
  Bitcoin and after watching my friends lose hundreds of coins.
• 51:22
  I've I've I have literally witnessed hundreds of coins go
• 51:25
  missing because of incompetence malice and laziness on on on
• 51:31
  like laziness on my friends parts and and incompetence and
• 51:34
  malice on the on the platforms part of coins just sitting and
• 51:38
  it's like Oh yeah I'll get him off the platform like I can
• 51:41
  withdraw anytime no process and no you can't because the second
• 51:45
  the platform decides that you can't withdraw, you are no
• 51:47
  longer able to withdraw. And I think that's a problem.
• 51:50
  I mean the bank run was real in the States.
• 51:53
  What was it a few months ago, earlier this year, the SVB bank
• 51:57
  run. There is no question that a bank
• 52:00
  run will collapse. The majority of platforms, I
• 52:04
  might even say all platforms in the states.
• 52:07
  And we need self custody by default because we cannot as a
• 52:11
  as a group of people that believe in self custody, we
• 52:14
  cannot encourage complacency when it comes to who is owning
• 52:19
  the coins. In a Fiat economy, it's fine
• 52:21
  because you can just undo the transaction.
• 52:23
  It's fine to just give up custody because it's all fake.
• 52:26
  But Bitcoin is so real and so hard.
• 52:29
  That if you aren't taking custody and you're not forcing
• 52:32
  people to educate themselves and do that then I think it's I
• 52:35
  think it's a tough couldn't agree more.
• 52:39
  I 100% couldn't agree more and you kind of buried the lead and
• 52:43
  we and we did talk about this in the beginning of the show before
• 52:45
  we went live. Are you looking for people to
• 52:48
  help to just download like what what's this?
• 52:51
  What are you? What's the soft launch you're
• 52:53
  talking about? Yeah man, Bitcoin m-o.com/join
• 52:56
  sign up. It's it's easy.
• 52:58
  It's quick. I think it's like 2 1/2 minutes
• 53:02
  to get fully signed up and verified.
• 53:04
  Then connect your bank and smash by.
• 53:07
  The workflow is super, super simple.
• 53:09
  It's basically fund your account at like whatever, 50 bucks, 100
• 53:14
  bucks, 50,000 bucks, whatever. You know, go buy a whole coin.
• 53:18
  Let's let's go. And then the workflow is so
• 53:20
  simple it's it's once your account gets funded.
• 53:25
  You submit, you hit by how much you want to buy, enter your
• 53:27
  Bitcoin address and then buy and voila, it's it's a great system
• 53:33
  right now all the transactions are batched so they actually go
• 53:35
  out I think once a day or twice a day and we're just but we're
• 53:40
  working on like like I said it's early days and we're looking for
• 53:43
  people to give us feedback to become supporters of Bitcoin
• 53:46
  well and and really have a line in to to helping the product
• 53:50
  grow and build. If you believe in self custody,
• 53:52
  you believe in enabling independence.
• 53:54
  Like I want the help and I want our you know our listeners and
• 53:59
  and and everyone who's out there that that believes the same
• 54:01
  thing as I do to give me a hand and hey this would be really
• 54:04
  cool for this feature or or or this product needs XY&ZI only
• 54:10
  have my perspective and of course we have a wicked team
• 54:12
  that that's working on it that has their perspective and their
• 54:14
  research. But ultimately, it's the
• 54:16
  community, it's the Bitcoin community that that builds
• 54:20
  ironclad products. And we're we're.
• 54:23
  Keen to listen and and and keen to make a platform that is the
• 54:26
  safest platform you can possibly use that embodies the Bitcoin
• 54:30
  ethos and the Bitcoin standard to a tee.
• 54:33
  So I have a question for you Adam.
• 54:36
  So what happens when someone buys like a small amount of
• 54:39
  Bitcoin? And if you're doing self custody
• 54:42
  by default, like who's gonna pay for those fees?
• 54:45
  Yeah. So we like we cover it.
• 54:47
  Like I said, it's all batched. So and this is the reason why
• 54:49
  it's batched is because we have such a small number of
• 54:52
  transactions right now. It's so early and So what it
• 54:55
  what a batch is effectively is all of our transactions from the
• 54:58
  day go out in one batch and they go out.
• 55:00
  So whether you're buying 20 bucks or you know 2000 bucks or
• 55:03
  whatever it might be, it's all in the same batch and being sent
• 55:07
  out. What we're working on and what
• 55:09
  will eventually happen is you will be able, and I should be
• 55:12
  clear, we cover the TXID fee. In the future, what will be
• 55:16
  happening is you'll be able to upgrade and you'll be able to
• 55:19
  pay for that transaction to go out kind of instantly.
• 55:22
  But right now, like I said, early days, it's all batched.
• 55:26
  And so whether you're buying $10 like this is the way to buy
• 55:29
  $10.00 of Bitcoin because and take it in self custody as long
• 55:32
  as you can control the TXID management later on.
• 55:36
  We cover all the all the outgoing fees.
• 55:40
  So can you buy lightning or is it just all on chain?
• 55:43
  No, it's all it's all on chain. I was actually thinking about
• 55:45
  this though like there's enough, albeit custodial but decent
• 55:50
  lightning wallets that you could use.
• 55:51
  You could just send the Bitcoin directly to the lightning wallet
• 55:55
  which will automatically flip it into into lightning like Walter
• 55:58
  Satoshi or I think Coin OS does it.
• 56:02
  You could maybe even use I think like the umbral nodes actually
• 56:05
  have a have an on chain to lightning switch.
• 56:07
  I don't think there's even a fee for that.
• 56:08
  So there's definitely, like, there's ways that bitcoiners can
• 56:11
  do it. So there's no lightning right
• 56:14
  now. That is the that's on the road
• 56:17
  map and we want lightning to be part of our future.
• 56:21
  I think lightning is important, but I think there's also there's
• 56:23
  enough good products out there that allow you to go from chain
• 56:26
  to lightning. And frankly, most good Lightning
• 56:31
  wallets are already custodial and I think.
• 56:35
  It's been my experience and in the experience of me talking to
• 56:38
  the community that most people go from self custody, Bitcoin
• 56:41
  into lightning. And so there's not a lot of good
• 56:44
  options to go from bank to Bitcoin, fast and safe on the
• 56:49
  blockchain. And so having that kind of go
• 56:52
  from bank to chain in self custody and then it's just one
• 56:56
  simple step to go from chain to lightning, I think that's okay
• 56:59
  for right now. I don't think that's a massive
• 57:02
  kind of barrier for the end user.
• 57:04
  Yeah, I I always say it as well. It's like baby steps guys and
• 57:07
  and trying not to you know force everyone's behavior in one fell
• 57:11
  swoop is is how do we get people to exposure and everything.
• 57:14
  But before we move on to the memes, Adam, I just want to
• 57:17
  comment. Wait.
• 57:18
  Wait, hold on, I got. I got to give a shout out bro.
• 57:20
  Oh, you guys. Are our Rumble Audience Dude 40
• 57:24
  live Viewers on Rumble Shout out to you guys.
• 57:27
  Keeps going up fire. Some some 200 on on YouTube and
• 57:31
  then on the other platforms as well, so shout out to you.
• 57:34
  Guys, guys. On YouTube, for whatever reason,
• 57:36
  make sure to subscribe to us on Rumble.
• 57:38
  You could also always find the live stream on Twitter.
• 57:42
  We stream no matter what, rain or shine, Monday through Friday,
• 57:45
  12:15 PM Eastern Standard Time. And if you're enjoying the show,
• 57:48
  make sure to smash that like button.
• 57:50
  Opti, what were you saying? All right, yeah, yeah.
• 57:51
  Before I go on and we move to the memes, it would be a missed
• 57:55
  opportunity to not give you some kudos and a pat on the back of
• 58:00
  being a Bitcoin entrepreneur. Because I I think, and I we say
• 58:03
  this all the time, you know, we're talking heads, we're just
• 58:05
  a YouTube show, we're a media show, we're entertainment.
• 58:08
  But it's you and others like you that are building the tools to
• 58:12
  help the world get on boarded to the bright orange future.
• 58:16
  And and the importance of Bitcoin entrepreneurship is
• 58:19
  never lost on us. It's really right now.
• 58:22
  It's still early days as far as I'm concerned and having more
• 58:25
  individuals take those risks, build the businesses, build the
• 58:28
  products, as I always say, build the freedom technologies that we
• 58:31
  need to really get the rest of the world on.
• 58:34
  The Bitcoin standard is the most important thing and and you're
• 58:37
  on the mission of getting people to download Bitcoin wallets to
• 58:41
  save in Bitcoin. And we say it all the time, this
• 58:43
  is the most important thing to do, is just make sure people
• 58:46
  have a little bit of Bitcoin, you know?
• 58:48
  Satoshi said. Just in case it catches on guys,
• 58:50
  maybe it is catching on, but kudos to you bro.
• 58:54
  Thanks man. No, it's been, I mean I've been
• 58:56
  building yeah, I started a business in 20,000 in 2013.
• 59:00
  It's been, it's been 10 years I've seen the ups and downs,
• 59:03
  it's been it's it's been insane and looking forward to kind of
• 59:07
  continuing on. And like I said the dance into
• 59:09
  the States is super. I'm, I'm super excited to show
• 59:12
  the US what we can do. We've been operating in Canada
• 59:14
  now for a little while and we understand what it takes to
• 59:17
  build a build a Bitcoin platform that is focused on self custody.
• 59:21
  So looking forward to bringing that into the states.
• 59:24
  Let's go. Awesome.
• 59:25
  Awesome. All right, boys, I think it's
• 59:27
  time for some memes. Let's check it out.
• 59:30
  Let's dive in. Let's do this.
• 59:35
  The Daily Meme Review. Brought to you by Kaboom Racks.
• 59:39
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  got to go to T dot me slash kaboom racks.
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  Join their Telegram group and start your mining journey today.
• 1:00:00
  Kaboom Racks. You guys are killing me in the
• 1:00:05
  chat. I'm also trolling as well.
• 1:00:08
  But anyways, this is the meme review where you guys send us
• 1:00:12
  memes on Twitter. Tag me at the Simply Bitcoin TV
• 1:00:15
  official account or you can tag me on my personal account
• 1:00:18
  optimist field. I will get to your guys's memes
• 1:00:21
  or drop them in our Telegram group T dot me slash simply
• 1:00:25
  Bitcoin and I will also look for good memes in there as well.
• 1:00:28
  But please drop me the tweets in there so I can give people
• 1:00:31
  credit. You guys are dropping a lot of
• 1:00:33
  good memes but I'd like to give people credit anyways.
• 1:00:35
  Anyways, Tweets of the bullets, memes of the artillery.
• 1:00:37
  As you can tell we are in an information war and it's upon
• 1:00:40
  you the individual to spread the signal to propagate the memes to
• 1:00:44
  make sure that your friends heads stay in the game.
• 1:00:47
  Because as you can tell people are losing their minds right now
• 1:00:49
  anyways. Anyways that's a totally other
• 1:00:51
  topic. 1st meme is by Rd. under score BTC.
• 1:00:54
  Shout out to Rd. He is one of the kings of
• 1:00:57
  tagging me. So if you want your memes on the
• 1:00:59
  show, tag me guys. Anyways, he goes me buying the
• 1:01:02
  dip right now, Hashtag Bitcoin. And we got the Leonardo DiCaprio
• 1:01:05
  face, so he's like and he's in his bed in his covers buying
• 1:01:10
  Bitcoin. This is the way people like Adam
• 1:01:13
  are making it super simple to buy Bitcoin in your bed
• 1:01:15
  literally from your phone. You don't have to do too much.
• 1:01:17
  It's so simple and there's other ways as well.
• 1:01:20
  You can do whatever you want to get your Bitcoin.
• 1:01:22
  Whatever, whatever is on you, it's your choice.
• 1:01:26
  Anyway. This next meme is my Maxi's Club
• 1:01:27
  and it is the same theme about the price dumping and everyone
• 1:01:31
  feeling the same thing. How many chairs can I sell and
• 1:01:34
  how much Bitcoin can I get at this moment?
• 1:01:36
  Anyways, we got the classic Maxi Club Pepe Bitcoiner here and we
• 1:01:41
  got a brain lining up and goes perfect time to buy the dip and
• 1:01:44
  it's you in your bed last night. Like no, I want to go to sleep.
• 1:01:47
  I need to sleep. I need my 8 hours and then
• 1:01:49
  you're like, Nope, I am buying more Bitcoin right now because
• 1:01:52
  who knows where the price is going.
• 1:01:54
  We'll see what happens over the weekend.
• 1:01:55
  Are we? Hold on side note, are we going
• 1:01:57
  to be seeing the Friday pumps or the Friday dumps again?
• 1:02:01
  Cuz that would be awesome. I love when the Bitcoin price
• 1:02:04
  makes Wall Street screech and the price starts running in.
• 1:02:07
  Either way on the weekend when they have all left and gone
• 1:02:10
  home. I really hope that this
• 1:02:11
  continues. Anyways, next meme is by me
• 1:02:13
  being Bitcoin. It goes to everyday struggle.
• 1:02:15
  As you guys can tell, we have a theme in today's meme review
• 1:02:19
  about not having enough Bitcoin. So we got this one.
• 1:02:22
  We got the classic panic meme and the first one's I need
• 1:02:25
  Bitcoin is a panic. Oh my God, that's the first
• 1:02:27
  step. You're like, wait, Fiat is
• 1:02:29
  melting ice cubes. I need Bitcoin.
• 1:02:31
  And then the next box is I hide A Bitcoin.
• 1:02:35
  So I'm calm. I got bitcoins in.
• 1:02:36
  I'm good. I feel great about life.
• 1:02:38
  And then you panic one more time because you realize I don't have
• 1:02:41
  enough Bitcoin and I need more Bitcoin.
• 1:02:43
  And this is every single one of you guys in the chat today.
• 1:02:46
  OK, And on the same page shouts out to Kim Gauge and he goes.
• 1:02:48
  Just when I think I've stacked enough sats.
• 1:02:50
  I remember the wise teachings of master Pay.
• 1:02:53
  May Hashtag Bitcoin #satoshi and he goes, your pathetic attempt
• 1:02:58
  to stack Sats amuses me. Stack harder.
• 1:03:02
  What are you doing? Stack harder okay.
• 1:03:04
  Next meme is by Seed Signer. I really love this one.
• 1:03:08
  Not only because it's Jay Powell on a dress, but it's it's a good
• 1:03:11
  meme and it beats the meme of inflation is theft home and the
• 1:03:15
  canteon effect as well. And so seed signer goes this is
• 1:03:18
  the evil made you need to be the most concerned about when it
• 1:03:20
  comes to your savings. Thankfully, Bitcoin really does
• 1:03:23
  fix this, and you can see Jay Powell as a Butler slash made
• 1:03:27
  stealing your money because of the money printer.
• 1:03:30
  But he's in your house as the evil made protect yourself with
• 1:03:33
  Bitcoin. Bitcoin literally fixes this.
• 1:03:35
  OK this next meme is because considering it's the weekend and
• 1:03:38
  maybe some of you guys still go out and socialize and you guys
• 1:03:42
  are going to leave Twitter like I tell you guys to do over the
• 1:03:44
  weekend. This may be you tonight.
• 1:03:46
  This is the BTC therapist it goes don't even get me started
• 1:03:49
  hashtag BTC. And it goes them.
• 1:03:51
  So what do you do for work And it goes me at happy hour after 5
• 1:03:54
  drinks and it's Matthew McConaughey all drunk.
• 1:03:56
  He's like, hey, have you heard about Bitcoin, bro?
• 1:03:59
  Like you need to buy some Bitcoin.
• 1:04:01
  We've we've all been there. We've all done it.
• 1:04:02
  Okay, you know, don't be ashamed.
• 1:04:04
  Anyways, this last one is by Vivek for Real under score on
• 1:04:06
  Twitter. And he goes being rich versus
• 1:04:08
  being wealthy and we got some icebergs here and we got being
• 1:04:12
  rich in the Fiat standard. It's overtly, you know, the
• 1:04:16
  social status symbol, games of being rich on the Fiat standard,
• 1:04:22
  you you show the signs, you flaunt it.
• 1:04:24
  But being wealthy and the iceberg that is Bitcoin and the
• 1:04:28
  stack that you have, it's all under the water.
• 1:04:31
  It's all under the surface right now.
• 1:04:33
  And few people have woken up to why Bitcoin is the superior way
• 1:04:37
  to store money, why it is the best money in the world, and why
• 1:04:40
  they need to hold some. And you are on the front lines
• 1:04:43
  and I think we're still AT26K if I'm not mistaken by the end of
• 1:04:46
  the show. So you got the opportunity to
• 1:04:48
  stack cheap sats. This is the way guys.
• 1:04:51
  Anyways, drop your meme review score in the chat on the other
• 1:04:53
  side of our guest and Nico and we will cover it live.
• 1:04:57
  OK, my meme review score is some Celtic sea salt.
• 1:05:02
  If you know, you know, put it in your water.
• 1:05:05
  It's delicious. It hydrates you, gives you
• 1:05:08
  minerals. Some life Alpha.
• 1:05:11
  Anyways, Nico, what's your meme review score?
• 1:05:13
  My meme. Review score is HM HM Wait,
• 1:05:18
  wait, wait, wait, wait. Before we go yellow on the last
• 1:05:21
  meme because of the iceberg and Bitcoin being under the water,
• 1:05:26
  it's like, yeah, it is all under the water indeed.
• 1:05:28
  Please Sir, be familia. We're all broke.
• 1:05:31
  I'm gonna give it the back of yellow, the back of yellow, the
• 1:05:35
  back of yellow. What is in here?
• 1:05:36
  It's. A good little plush.
• 1:05:39
  What is in here? There's nothing in here.
• 1:05:41
  Yellow. Why?
• 1:05:43
  You're supposed to put a hardware wallet in there.
• 1:05:47
  Yeah, disappointed Yellow. I thought you would put.
• 1:05:49
  I thought you would put one in there for me since you've been
• 1:05:52
  living at my house and eating the food out of my fridge.
• 1:05:54
  Wait, does it? Does it fit a Red Bull?
• 1:05:56
  Yellow confirm in the chat whether it fits a Red Bull in
• 1:05:59
  the backpack. If not, fake news.
• 1:06:02
  OK. Anyways, anyways, at
• 1:06:04
  worldofrusty.com. Yeah, exactly.
• 1:06:06
  Low key, low key show for Rusty. Shouts out to you, Rusty.
• 1:06:09
  All right, Adam, what's your meme movie score?
• 1:06:11
  Guys, I got a good one. I like those memes.
• 1:06:14
  I got one. One brick from Eminem's house.
• 1:06:20
  Wow. Wow.
• 1:06:23
  I can't tell. Is Nico a real Slim Shady fan?
• 1:06:26
  Is this where the blonde tip comes from?
• 1:06:29
  Amazing. Amazing.
• 1:06:31
  Wow, we got a real Eminem fan in the chat.
• 1:06:34
  I was actually. I was actually telling I had him
• 1:06:37
  before that that I need to listen to the Slim Shady LP
• 1:06:39
  again and you know, I won't ever dye my hair.
• 1:06:42
  Guys, you can you're you can be very sure.
• 1:06:44
  I already went through my Eminem phase so I won't have long tips.
• 1:06:47
  Ask. You to dye your hair.
• 1:06:49
  If that's the only way to take you back.
• 1:06:51
  Well, as long as I get the money printer directly to my pockets,
• 1:06:55
  then I'll do that. I will do that.
• 1:06:58
  All right, guys, let's get to some of these chats.
• 1:07:00
  Nico, do we have movie music? No, no, We're not doing music
• 1:07:05
  today. I'm not playing.
• 1:07:06
  I'm not playing the old music. I'm fine, fine, fine, fine.
• 1:07:10
  Daft. We need new music, bro.
• 1:07:13
  Daft has to figure this out. We need new epic music.
• 1:07:16
  All right sale dog. I give the memes 5 ice cubes
• 1:07:19
  kept frozen by Bitcoin meta. Steve Dre memes Yellow the Let's
• 1:07:28
  stop. Rastling.
• 1:07:36
  Go and listening to simply Bitcoin.
• 1:07:30
  I give the memes sitting on the back porch sipping homemade rum
• 1:07:34
  and wearing orange tinted glasses.
• 1:07:39
  That's the way to do it. That's called living.
• 1:07:41
  Life Much love to all the Bitcoin builders Bit bringing
• 1:07:45
  Bitcoin to the world. Faster, easier, better.
• 1:07:49
  Wait, wait, wait. Sorry.
• 1:07:50
  We're sorry. I can't read that one.
• 1:07:53
  Kim. Sorry.
• 1:07:54
  Kiwi, I gave you a music. That's not the score.
• 1:07:58
  No, he gave. He dropped the link in the chat.
• 1:08:00
  It didn't go through, bro. It didn't go through for me.
• 1:08:04
  Hold on, one more. Are we buzzing it?
• 1:08:06
  Are we buzzing it? Yeah, buzz it.
• 1:08:07
  Buzz it. Buzz it.
• 1:08:08
  Wait, it wasn't because we ran out of meme scores.
• 1:08:09
  It's the buzzer. Mclovin I'm stacking so hard my
• 1:08:14
  neighbors almost called the cops on me.
• 1:08:16
  It's that I don't know how that works, but.
• 1:08:19
  I'll take it. I'll take it anyways, guys,
• 1:08:22
  thank you so much for tuning into another episode of Simply
• 1:08:24
  Bitcoin Live. We really appreciate it.
• 1:08:26
  I want to give a very special shout out to our special guest,
• 1:08:29
  Adam O'Brien from Bitcoin. Well, thank you so much for
• 1:08:33
  joining us today. Keep building, bro.
• 1:08:35
  I absolutely love the project. Self custody by the fault power
• 1:08:40
  of the people. Love that man.
• 1:08:41
  Thank you so much for joining us.
• 1:08:42
  Thanks guys. Thanks for having me.
• 1:08:43
  Looking forward to seeing y'all on on the on the bids.
• 1:08:48
  Absolutely, man. All right brother, take it easy.
• 1:08:50
  All right guys, thank you so much for joining us.
• 1:08:51
  Another episode of Simply Bitcoin Live.
• 1:08:53
  If you enjoyed the show, you know what to do.
• 1:08:54
  Smash that like button. Consider subscribing if you feel
• 1:08:57
  like we provided you value. But the number one thing you
• 1:08:59
  could do to push the peaceful Bitcoin revolution is share this
• 1:09:02
  content. In fact, share all Bitcoin
• 1:09:04
  content. Don't be exclusive, Be
• 1:09:06
  inclusive. Don't share shipcoin content cuz
• 1:09:08
  that's counterproductive. Have an amazing weekend.
• 1:09:11
  We will be back next week and we'll be having special edition
• 1:09:14
  simply bitcoins from the floor of bit block.
• 1:09:17
  Boom. I have no idea how we're going
• 1:09:19
  to pull it off, but we're going to figure it out.
• 1:09:21
  Have a great weekend, everybody. Peace out.
• 1:09:22
  Y'all.