Latest / Simply Bitcoin / Sanctions Are Proving Bitcoin is Unstoppable | EP 441

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Sanctions Are Proving Bitcoin is Unstoppable | EP 441 · Simply Bitcoin

0:00
I don't believe sufficient evidence a good money against
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before we take something, almost the names of government.
0:08
Welcome back, everyone. We're simply Bitcoin.
0:11
It is the weekend recap, we break down the news from
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Twitter. The daily fail me review,
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software releases Hardware releases and the websites by
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plebs. We are diving into the numbers,
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let's do it. Another time.
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At the time of this recording, the block itís 720 5200, the
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Bitcoin, price, 30 7605, Rewrite days 712 total public lightning
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capacity 3455 89, Moscow, time 26:59 blocks to the having a
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hundred fourteen thousand, eight hundred and the samurai
1:14
Whirlpool. Unspent capacity, Samurai
1:17
Whirlpool is a coin or collaborative spend service.
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The unspent capacity of that service is 4380. 1.69 Bitcoin
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Nico, the numbers. Numbers, bro.
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The numbers. Interesting.
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Sus weekend, right? Quiet.
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Rican stuck in time, right? I'm very proud of the honey
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badger. Like, literally in the face of a
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possible nuclear. Armageddon little dark joke
1:47
right there. Knock on wood dude.
1:49
The honey badger again does not care.
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So that is bullish. But anyways, Phil I wanted to
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talk about this clip that was doing the rounds on.
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There this weekend and it really got under my skin.
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And now I want to talk about this a little bit.
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Okay. First of all, in terms of the
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politics about it, you guys know the drill where a political on
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this channel. Second thing I want to say, I
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empathize a lot with the environmentalist.
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I think that there's a terrible to, there's terrible, pollution
2:20
and garbage, and all these things in the planet nowadays
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that are like making the planet Works.
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Look, I live near the ocean. Okay, I live in, I live in.
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South Florida, you go to the ocean.
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You will find garbage, okay? Like it's a problem.
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Okay, I just don't agree with the methods and I don't agree
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with bureaucratic coercion, right?
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I'm more. So, a fan of free market
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Solutions and Bitcoin enables, those free market Solutions,
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right? But I'll get to the get to that
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in a second, right? Let's anyways, let's hear what
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the White House Press Secretary has to say check it out an oil
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leases. What this Actually justifies and
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President Biden's view is the fact that we need to reduce our
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dependence on foreign oil, on oil and general and need to.
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And we need to look at other ways of process of having energy
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in our country and others. One of the interesting things
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George we've seen over the last week or so is that a number of
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European countries are recognizing, they need to reduce
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their own Reliance on Russian oil it like, anyways, let me
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move on to this data before I talk about psaki, okay?
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So let's talk about the Renewables, which is what
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they're Advocating for okay, so here's the thing right?
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Renewable energy, it's 9% hydropower, which is totally
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geographically dependent. You can't move a dam in a river
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and solar. Right.
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Solar is relatively low. Now why is solar solo solar is
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low? Because unfortunately, when
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solar is most produced is the middle of the day.
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When people use the least amount of electricity people, use the
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most amount of electricity at night time, okay?
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Bitcoin fixes that because during the peak time, right
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essentially Bitcoin but becomes the buyer, right?
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So instead of the government subsidizing it which is why wind
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is so high. Nowadays winds on itself is not
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economical right, as much as psaki would like to essentially,
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you know, the, the mentality of the current Administration to
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essentially Force the economy to consume certain to to produce
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certain Out of energy, like they tried to do in Germany which is
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why Germany is so reliant on Russia.
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They shut down all of their nuclear power plants which by
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the way are very green, they don't release, they don't
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release any waste, right? You, the the downside with
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nuclear energy is that essentially, there is there is
4:48
a, after a certain amount of time you have to replace the
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fuel for, for the, for the reactors, right?
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In that fuel. You essentially have to bury it,
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you have to put it away. But in terms of pollution, and
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Terms of gas release into the atmosphere, it's very low.
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Now what's not talked about solar and wind as well, right?
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Is that to going into making the giant windmills, it's very
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polite, very polite, elusive intensive, right?
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Also, with solar to making the solar panels, also causes a lot
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of a lot of pollution, it requires a lot of heavy metals.
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So, again, my criticism right to this current Administration is
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look, I admire the fact that That you know, they're they're
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trying to care for the environment environment.
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But I disagree with their methods and I and to be specific
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because this is a show about Bitcoin at the end of the day
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Bitcoin provides those Solutions because it makes it profitable
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right to essentially innovate in the green energy energy industry
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without having to rely without having to rely on government,
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subsidy, right? So again it's like if the
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current Administration really wants to Eight green energy as
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much as they say, they do, they should be backing Bitcoin,
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right? Because Bitcoin mining facility
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facilitates that, right? We had Brian Brooks right the
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CEO bitfury. He went on to the senate
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committee of the, you know, cleaning up cryptocurrency,
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committee and he's essentially making the same argument, even
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more relevant than Bitcoins current energy.
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Use is the incentive effect. It has on the future production
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of renewable energy. Bitcoin miners seek low energy
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cost and the lowest cost always Comes from excess capacity which
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can include wind and solar energy and energy lost in the
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transmission and distribution process among other things.
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As just, one example in 2020, in California where I live one and
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a half million megawatt hours of solar production was curtailed
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meaning wasted because production exceeded demand and
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the u.s. grid loses literally. Thousands of TW a year due to
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inefficient transmission because Bitcoin miners are easily able
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to locate near the source of production.
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Ian, these kinds of excess capacity sources can be turned
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into economic value through Bitcoin mining and this has the
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effect of taking what can be an unprofitable business, for
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example, solar and making it profitable, put differently.
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If we want more wind and solar in this country with less need
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for government, subsidy Bitcoin can be part of the solution,
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right? So again, I don't think that
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their solution. I don't think that the solution
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to this environmental problem is through government, coercion of
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energy production. That's making everyone's life
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more expensive. It's clearly not working.
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Germany is a prime example of that, right?
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And now they're completely reliant on a country that the
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West is being hostile towards which gives Russia tremendous
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amount of Leverage and wealth to invade other countries because
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it's one thing it's like, yeah, you know, in the west we're
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going to be all green, we're going to pay a lot more for
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electricity, but you know, Russia.
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They're just going to keep, you know, mining that fossil fuel,
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right? So again, It's disconnected from
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reality Bitcoin. Absolutely fixes this but only
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if they see it and unfortunately, what you get from
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the alot of the, a lot of the establishment left nowadays is
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there fighting Bitcoin tooth and nail, right?
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Even though Bitcoin is the solution to their environmental
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issues because it actually makes green energy profitable right
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solar and wind. So I don't know, bro.
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Just just just some thoughts, you know, I actually saw an
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article this weekend from see Then that was or it was a
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funeral, like some news clipping.
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Anyways, just totally bashing Bitcoin about the energy about
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the energy problem, right? And the quote, unquote
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ever-increasing energy. So, hold on a second.
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I just want to back up to gen sakis comments.
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I feel like she was scapegoating there.
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Like, I feel like, I don't know, maybe that's the wrong term, but
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I feel like she was saying, well, what?
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Wait a second, you know, you know, we're not at fault for
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the, you know, for these problems because Other you know,
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because other people are relying other countries are relying on
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on Imports. Also, you know, so it's not just
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us we had if I'm not mistaken, the Keystone Pipeline was work,
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we had energy, we had used, we had total energy Independence,
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okay? But its total energy, in the
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past, we didn't rely on another country for energy.
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And then this administration because of a political
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ideologies, right, decided to shut down things left and right,
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which the fossil fuel. But again, what I would I was
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showing right during this clip. During this, by the way, it's
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data from the government, is that look, she could say all she
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wants, right? About shutting down, you know,
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moving to Green, but the reality is of it is that 60% of the
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energy production in the United States still comes from fossil
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fuels. So if you attack fossil fuels,
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even though they're responsible for 60% of the energy
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production, what are you going to get higher gas prices higher?
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Electric bills, which is exactly It's happening, which is exactly
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what happened in Germany. These ideas come from a good
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place, which is about saving the environment.
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But there's there's good ideas and there's economic reality,
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right? The good ideas are meeting
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economic reality and economic reality is taking them to tout.
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Which is why Germany's put in this week place when it comes to
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having to buy gas from Russia or else the Germans are going to
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get cold this winter, right? Anyways I am just you know what
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I can't believe that this is playing out in All time the way
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that it is to be perfectly honest.
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The for me, I'm just, I'm completely astonished.
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And you know what? I don't know if you ever saw
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this. Also, but did you ever see you
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were talking about the windmills?
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Write those things, they, if I'm not mistaken, they don't recycle
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very well, they dumb. I recall seeing I recall seeing
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an article about fields of these things that they can't get rid
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of that, they have to bury. So again, to your point, right,
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the great ideas economic realities, they meet that, you
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know, this is where the rubber hits the road.
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And this is where we actually need practicality, and this is
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where we need realism, right? Not fantasy.
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So and what's crazy, right? Which is why I wanted to talk
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about this because this is just noise in my opinion.
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But the reason I want to talk about it which this is signal,
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is that Bitcoin actually provides a solution to this
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right? Because Bitcoin actually makes
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this Niche type of energy production, which is totally
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subsidized by the government, it actually makes it potentially
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profitable and the same Environmental This are still
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fighting Bitcoin which goes on to say, which is why I brought
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up this point on Sunday. Are these people really
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concerned about the planet? Because I am or they really
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concerned about control? I don't know, you know what?
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Oh sorry, go ahead. No, you go ahead.
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I was just going to say you know to your point as you're
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discussing this you're making me think like how much is this
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going to incentivize better fuel cell technology like how much
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you want to make a bet we see Bitcoin and up incentivizing
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better? Fuel cell technology Force?
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Our solar to be more practical because to your point, the
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majority of it is actually solar energy is absorbed in the middle
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of the day, whereas the majority of people are using their energy
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at night, so maybe Bitcoin will incentivize that as well.
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Yep. Exactly.
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Who knows. We'll wait and see.
12:18
But anyways, Phil, it's time for the daily fail brought to you by
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Amber dot app. Low fees Fair spreads smart
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automation, it's the easiest way to buy Bitcoin.
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The link is down below ammo. Smart, wait, stuck sounds.
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We have been asked by several fellow plebs and bitcoiners to
12:39
do another episode dismantling hex or Richard Hart.
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Coin. Anyways, this is a very
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intricate type of shit coin and it has a lot of nuance to it.
12:54
And for the people who know who Richard Hart is, you know, that
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he's a very elegant speaker, you know, that he can, he can create
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stories out of nothing and he can definitely make you feel
13:06
stupid. I so look in full disclosure,
13:08
right? When I was a shit coiner and I
13:10
was moving into Bitcoin, he was one of the podcasts that I I
13:14
paid attention to and I used to watch his six-hour Rants and
13:18
stuff like that watching him take down you know shit Corner
13:21
question after shit coin or question about Bitcoin.
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And I was like man, this guy knows so much and he would speak
13:27
with this confidence, right? And and being the way that, you
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know, being the way that I was and not knowing and not knowing
13:33
any better, I was like, wow, you know, this guy really knows what
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he's talking about. Anyways, I have to start with
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this preface before we dive into this because this project.
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Okay, this project Has a lot of Schiller's, okay?
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A lot of Schiller's and people for that reason, people seem to
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think that because of that noise, it means that it's not a
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scam, but it is it's no different than any other shit
13:59
coin. If anything, it might even be
14:02
significantly worse. I don't know because I have a
14:04
hard time distinguishing between dumpster juice and garbage to be
14:07
honest. Anyways we're going to proceed.
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We're going to start off with this tweet that we were tagged
14:10
in by shut a face. Okay.
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And here we go. This is Shire hottel.
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I'm really getting worried that hex is just a scam
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pump-and-dump. Now I advise all hexagons to
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reevaluate. The use case, I've sold 95% of
14:23
my investment while I do some research, it's not an
14:27
investment. It's not an investment.
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Anyways, as you guys know, the links to all of our source
14:31
material is going to be in the, you know, in the details, part
14:34
of the YouTube video. So don't forget to check it out
14:36
for the whole entire article. Let's dive into it.
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What is hex? Shit coin?
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Here we go. Hex is a token on the etherium
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networks. You to buy smart contract and
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the website advertises itself as a place to earn forty percent
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per year. With certificates of deposit hex
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has been very careful with the marketing language on the
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website and product design features to both appear
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legitimate and to avoid legal trouble.
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There's even an entire page on the hex token dedicated to why
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the product isn't a scam and generously educates the reader
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on what technically constitutes, an illegal Ponzi scheme and a
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pyramid scheme. And why Why this, and why this
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product doesn't legally qualify. Okay, let's take a little trip
15:20
over to the hex website. And here it is.
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Hex is not a scam. And here are the reasons why
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hexes not a scam, okay. And he gives you a whole bunch
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of little concerns that you can click on and it will tell you
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why it's not a scam. So here just his main heading is
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hex starve scams of resources. So look, this is something, this
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is another piece that he's very good at doing.
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Okay. This is intentionally what he
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does and he's even said this in his videos, okay?
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He said this actually to I believe it was Peter McCormack.
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Okay, there was a video on Richard hard on Richard Hearts
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Channel with Peter McCormack arguing with him about hex and
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then and Giacomo Zuko also arguing with him about hex.
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We're going to have that in the show notes.
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But essentially he explains that he is feeding you information,
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okay? This is exactly what he tells
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Peter goes, Peter goes, you don't know anything.
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He goes, I'm feeding you all the information that You know, and
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this is exactly what he does with this product, he is telling
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you what the definition of a scam is and what the definition
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of upon Z is and he's framing this product, which is you're
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going to see majority owned and controlled by him.
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How this product is not a scam and it's better than Bitcoin.
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Usually legitimate investment products.
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Don't need an entire section. Educating you on scams indeed.
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This is true. I've actually never seen that.
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You go to bitcoin There's on any of the Bitcoin websites.
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Right there is nothing about telling you how it's not a scam,
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you know. So sorry.
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And again, not to say that if something is telling you
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something is not telling you that it's not a scam.
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It doesn't mean that it's not a scam, but just to say that the
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product should be able to stand on its own for what it's doing.
17:04
Okay? But this product does not, so it
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has to educate you as to why it's not a scam.
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Anyways, let's continue the auditing of the hex token.
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Hex mentions frequently in its marketing materials.
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That three different Auditors have audited its contract,
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auditing in the crypto world is where developers who specialize
17:23
in cryptocurrency, smart contracts, evaluate the computer
17:25
code for bugs, having sound code, doesn't absolve it from
17:28
being a scam. If the code is written to be a
17:32
scam and here we go. We can see one of the tweets hex
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hex dot win. Might be the best opportunity of
17:37
your life. Hexes designed to go up 10,000 x
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in only two and a half years anybody who Math, for more than
17:46
two minutes, can figure out. That this is completely
17:50
unsustainable tweets directly from Richard.
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Hi, I'm Richard hard, I founded the best asset in the history of
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the universe. X.com is up four hundred sixty
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six thousand percent in 603 days.
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And look, you've got some paid advertising pieces.
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This is not difficult to come by, you, pay for these pieces.
18:09
How is this legal? Well, because you pay, if he
18:12
just, he pays for it, look, you've got it.
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Look, you've got even on buses, look, people putting this on
18:18
their cars, supposedly in a train station, right?
18:22
Lots of marketing, lots of advertising.
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What have we told you about all these shit coins?
18:25
What have we told you about the marketing machines that are
18:29
behind this, who founded hex? The founders, who go the
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founder, who goes by Richard Hart for marketing, his real
18:36
name is Richard J Schuler. There's nothing wrong with using
18:40
a pen name. Except when the point is to hide
18:42
a long history of shady businesses involved in Banning
18:45
my eye Viagra and anti-aging pills and legal trouble in
18:49
Panama here. In 2003.
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He offers up that he was a 23 year old multi-millionaire from
18:57
spamming and you could see here, Richard Schuler.
18:59
I'm a 23 year old, multi-millionaire learn how to
19:02
spam millions of people per day. His own blog, documented, other
19:05
Shady business such as selling stereo equipment.
19:08
He didn't own. This is his blog right here.
19:11
What if I put ads in the newspaper for stereo equipment?
19:14
I don't know. Yet when people call tell them,
19:16
I have a good friend at any electron at an electronics store
19:18
and, and that, if they can give me half the money, I can get
19:21
them, the equipment that a great price and they can have it that
19:24
day. How did Richard Hart make his
19:26
money by selling millions of tokens created out of thin air
19:29
to poor saps who think that 40% of your returns can just be
19:32
invented with the token. Alright let's dive in to the
19:35
initial coin offering here during the first years claim
19:38
period you obtained hex by sending etherium to the
19:41
contract. Address known as the origin
19:43
address if you want it. Change your hex tokens back to
19:46
aetherium. You'd have to go somewhere else.
19:47
Schuller's origin address offers no refunds which again, refresh
19:51
has. Why the term certificate of
19:54
deposit is a poor naming Choice? He kept everything you sent him
19:58
scot-free. And if you want it out, then you
20:00
had to find an exchange. You have to find an exchange
20:03
offering liquidity in interviews.
20:05
He always Dodges the question of who controls the hex origin
20:09
address, and this is true. The reason why he will avoid
20:11
that question. Is because the I co was deemed a
20:13
security by The SEC and he conducted an illegal one for an
20:17
entire year, without a filing and registration.
20:19
He received an asset in exchange for his own creation.
20:22
It's an icy. Oh, without question about 7
20:25
million of eith was withdrawn from the hex origin address
20:29
about a month after the launch 36.
20:31
Transactions of 100. Sorry of 1337 eith, which for
20:38
the people that know what that spells.
20:40
It spells, leapt backwards, which is something you learned
20:43
back in the 90s. It's Old hacker speak during the
20:46
first year, there was nothing stopping Richard Schuler from
20:48
creating a continuous loop by sending etherium to the origin
20:51
address receiving hex than sending the receiving etherium
20:54
to a different address. Maybe even through a laundering
20:56
mixer to obfuscate this activity and then sending it right back
20:59
to the origin. Address for more hex.
21:01
He could make himself as much hex as he wanted and he did
21:05
since these hex tokens were minted out of thin air and
21:08
locked for a year and didn't actually cost him anything to
21:10
give them out, but it gave the appearance to Outsiders that
21:13
there was a thriving community. Unity with thousands of hex
21:15
participants Schuler. Incentivize people to act fast
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to get a bonus. This is another typical scammer
21:21
move time-sensitive material. You have to act quickly, you got
21:24
to do this soon. It's just a very typical not
21:27
necessarily just scammer, but salesman move when someone
21:30
exchanged aetherium to hex Schuler, got both a copy of the
21:34
hex value and also the full eith value.
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So, that's right. So if you went and claimed a
21:41
thousand hex, not only did he get, you're eith.
21:45
But he also got the Thousand hex you claimed.
21:48
So, you got the Thousand hex and he got the Thousand eggs.
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He wins more, no matter what. And why shouldn't he?
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He created this. I'm the king of this Castle.
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I deserve the most, when someone was referred by another hex
22:03
user, he also got a copy of what both the refer and the referee
22:07
got. So it's like quadruple dipping.
22:12
Each time someone used the adoption method or was referred,
22:15
it was further delusionary to the hex token pool by 2x the
22:18
claim amount, it should be pretty obvious.
22:20
The only significant whale in the hex system is Schuler
22:23
himself. No scam would be complete
22:26
without advertising. How rich people are getting
22:29
along with some Lambo Schilling? This is true 2017.
22:33
You'd have people showing you there like that, you know, their
22:36
portfolios and stuff like that, with like 60, 70 million dollars
22:39
in it. And, you know, showing you
22:41
pictures of Sitting next to Lambeau.
22:43
So here we go. But with hex the lambo bought
22:45
with hex, the main product feature is to lock up your hex
22:48
tokens for a chosen period of time with the rewards increasing
22:52
along with the lockup period by incentivizing hex buyers to lock
22:56
up their tokens for a number of years heavily.
22:58
Penalizing them, if they unlock early, it removes selling
23:01
pressure and reduces the float. This provides the opportunity
23:04
for the marketing efforts to have a more powerful effect.
23:07
Since with more buyers than sellers.
23:10
The price will be pressured upwards.
23:11
And this in turn lowers in additional buyers catching the
23:15
fomo bug. The goal of course, is to remove
23:18
as many retail Sellers, as possible from the process.
23:20
So that the only people who are left to sell are the earliest
23:23
investors and promoters who have large bags to dump on new
23:27
entrance. How does hex makes money?
23:29
It doesn't. This is where we really get to
23:32
the Crux of the hex scam with hex.
23:34
There's no underlying economic activity happening at all.
23:37
It's not even real interest. All the hex contract code does
23:41
is New inflationary tokens every year and then distributes the
23:45
inflation to those who have agreed to lock.
23:48
There's up. This is what I was telling you
23:49
about the website. Those who walk up tokens, also,
23:52
get half the penalties from those who unlock their funds
23:55
early, or get this forget to unlock their funds within two
23:58
weeks of the agreed upon period. Richard Schuler, generously
24:01
gives himself the other half. So once again, if you forget to
24:05
unlock them, he gets paid to the sole purpose of the hex contract
24:09
is to redistribute value from some And holders to other token
24:13
holders Nico. How does what does that sound
24:15
like to you? Yeah, that sounds like some kind
24:17
of Communism. So Z distribution of wealth.
24:20
Hey with one master at the top, what makes hex effectively a
24:24
Ponzi scheme when Ponzi schemes were defined 100 years ago.
24:27
Private currency ones didn't exist, so sorry private.
24:32
Yeah, sorry, private currency ones didn't exist.
24:35
So hex doesn't quite meet the exact legal definition since the
24:39
cash flow of new investors. Does Directly cross the table to
24:43
another investors pocket. That's where Richard Hart and
24:46
his followers, stop the discussion.
24:48
See technically it's technically not a Ponzi.
24:53
Therefore it's not a scam hex controls its own seigniorage and
24:57
it is written into the contract to just mint more tokens over
25:01
time and then those tokens are paid out to existing investors
25:05
as interest by constantly increasing the supply.
25:08
There will always be negative price pressure on the value of
25:10
what those tokens. Are worth a technical Ponzi
25:13
scheme eventually collapses because the earnings aren't
25:16
really being generated and the scheme always needs new
25:18
investors flowing in to pay off the old investors in contrast to
25:22
hex since the purported returns are paid with additional
25:25
inflationary tokens. These additional tokens need to
25:28
be absorbed by new investors. Otherwise the token price
25:31
collapses. The collapse can be delayed for
25:34
years when investors when investors wait to collect their
25:37
purported earnings and reinvest them sound familiar, Bernie
25:41
Madoff. I'm lasted for decades because
25:43
most people just continue to roll their investment again.
25:46
And again, this is what makes hex analogous to a Ponzi scheme.
25:50
Only that there is one additional step.
25:52
We're both new and existing investors are transacting in
25:55
directly with each other through a token that is subject to
25:59
supply and demand. The average lockup time is about
26:02
two years. So there's a long delay before
26:05
the impact of the freshly minted tokens takes effect on the hex
26:09
Supply in an effort to End that there are more investors than
26:13
there. Really are.
26:14
Some one guess who sent X2 137,000 addresses in large bass
26:19
batches? Mostly small amounts of 102,
26:21
101, hex. And the addresses have no
26:24
further activity. These are throwaway amounts
26:29
since the etherium gas would cost more than the value given
26:32
to actually sell it. Schuler loves to brag about how
26:35
many unique wallet, addresses have hex.
26:38
So there's your reason why. All right, let's dive into the
26:41
centralization. Heart loves to talk about how
26:44
Bitcoin and other block chains are centralized.
26:48
How does hex, how much hex does Richard Hart, own, or control?
26:52
Now, see, look in Bitcoin. We've already shown time and
26:54
time. Again, this doesn't matter.
26:55
It's not about who owns the Bitcoin.
26:57
It's about the mining and it's about the validating nodes very
27:02
different than this. But when it comes to these types
27:04
of coins, it's all about, who owns the most ether scan
27:07
provides a tool to look at the top. 500 token holders, almost
27:11
all of them were created in blocks on the same day within
27:14
the same hour, try to find a single account.
27:17
In the top 150 that wasn't funded by The Origin account.
27:20
Furthermore, this is a whole block of accounts that all have
27:23
the same exact amount in them. Guys, this is this is so cringe.
27:29
Really, you're going to tell you know, like this isn't real
27:32
activity, this is this is just fraud.
27:34
Anyways, these simple observations show that Richard
27:37
controls the majority of the entire supply of effect of hex.
27:40
So, how much hex does he control in total?
27:44
Someone has actually managed to collate the addresses funded
27:47
from the origin address and Richards.
27:49
Token database shows he controls 88% of all the hex 88%.
27:55
What does hex actually do? What's its purpose?
27:58
What an ovation does? Hex, add to the table aside from
28:00
being a self enrichment? Scam, Bitcoins purpose wasn't to
28:03
furnish. Its users with investment
28:05
returns which is hexes only purpose.
28:07
Bitcoin was invented to facilitate digital payments and
28:10
solve a double spending problem for digital money.
28:13
Bitcoin was the Genesis of cryptocurrency and it didn't
28:15
require sending the founder money to participate in it.
28:19
Bitcoin is also disinflationary and has a fixed terminal Supply.
28:23
Hex is none of that. And anyone can clone Own it with
28:27
a few Mouse clicks, for instance, see, rex on the, by
28:32
Nance smart chain. So what does hex do?
28:36
It spawns. More hacks.
28:39
Which is true, that's literally what it does.
28:41
So in summary, the biggest problem with hex is that the
28:44
interest is being paid, but the token doesn't generate any
28:47
actual Revenue. So the only place money can come
28:50
from is other investors, that's a Ponzi scheme, no matter how
28:54
much spin you put on it. And man, there is definitely a
28:58
lot of spin on this. We just went through it.
29:00
Hex is going to need to bring in an average of five to six
29:03
billion in capital each year to keep the token price level.
29:09
Today's price, the only rebuttal from hex Schiller's about why
29:14
hex isn't a scam seems to be because their account balance
29:17
has gone up since they bought in, and don't get me wrong.
29:20
This is usually the argument from most shit coiners, they
29:23
always just point to the number, the u.s. devalue or whatever
29:26
live. The local currency is they say,
29:27
see, it's not a scam, I made money.
29:29
People also thought that they were getting rich with bit
29:32
connect which peaked at set at number 7, and still trades and
29:36
Bernie Madoff. But only those that sold before.
29:39
For the bottom fell out, actually made any real money.
29:43
So my friend, this is the entire hex the entire hex scam in a
29:49
nutshell. Now look, as I said that lot,
29:52
that article is much longer than what I summarized, okay, I tried
29:56
to put together all the points that I could, but you can
29:59
clearly see here. This is no different than any
30:03
other shit coiner creating a shit coin.
30:05
We've shown you in past episodes it costs, as little as Dollars
30:09
to Mentor shit coin. And then, all you got to do is
30:11
spend some money for advertising and and pay a couple of
30:16
influencer accounts to pump your bags.
30:18
So guys I know I know that the unit bias is I know that the
30:23
unit bias is alluring. I know that the Hopi.
30:25
Mm is alluring, I know that the numbers are alluring, but that's
30:30
all it is. It's just a pipe dream.
30:33
He's the only one getting loaded.
30:36
Nico. Sorry, I made you sit through
30:38
all that bud. No, no, man, we got asked.
30:42
Yeah. Give the plebs what they want,
30:43
dude. So look what I was reading that.
30:46
I think that this whole hex shabak, oh, I think is, is
30:50
highlighting. Essentially the problem that all
30:53
currencies have had including Fiat currencies, right?
30:56
Which is the people that control the monetary policy of those of
31:01
those currencies. If the incentive to manipulate
31:05
the Monetary policy for their benefit is irresistible, right?
31:09
And I think that with this it really highlights like you know
31:14
you think aetherium is bad. This is like this is essentially
31:18
an example in my opinion of what happens when you don't
31:22
successfully separate the monetary policy away from human
31:26
beings, right? And there you have essentially a
31:29
god-king, right essentially, that's what it is.
31:31
That's out what Alex sees himself to write essentially.
31:35
By manipulating the money right, you know, completely
31:39
shamelessly, I might add to his Advantage, right?
31:43
Etherium does the same thing, right?
31:44
They're going to manipulate aetherium to benefit the
31:47
etherium foundation. Right now what makes Bitcoin
31:51
different at the end of the day, all of these coins, all these
31:55
shit coins, the crew, the original creators still
31:57
involved, right? There's a head honcho with, with
32:00
Bitcoin, one of the best things that Beck Bitcoin or Satoshi
32:03
Nakamoto did was disappear. He Away, right?
32:07
And in fact the Genesis the Genesis block right, the keys to
32:11
that Bitcoin. They can't even that even if
32:13
they have the keys, you can't spend from that address, right?
32:16
And again this is by Design, right?
32:20
It's to successfully separate the monetary policy away from
32:24
the hands of human beings so that it doesn't get manipulated
32:28
to benefit an elite Group, which is what you have in Fiat, which
32:32
is what you have in shit coins. And I think this is the most
32:36
Exaggerated example, which I think is such a good example
32:39
because I think that deep down inside all the shit coin devs,
32:43
they might not be as extreme. They might not be as blatant as
32:46
this guy, right? But they still do it.
32:49
I think it's natural. It's a natural human being
32:51
incentive. That's what you got in the Fiat
32:53
system, right? As I think that a lot of these
32:56
Central Bankers right thinking, it's like, oh, I'm going to, I'm
32:59
going to do what's best for the monetary policy.
33:01
But in reality, what's best for the monetary policy is really
33:04
what's best for them. And everybody gets left out to
33:07
dry. And I think this example with
33:10
hex is just that exaggerated to like a hundredth degree, right?
33:15
So the Innovation with Bitcoin, I'm Gonna Leave You guys with
33:17
this. Is the fact that human beings
33:20
aren't able to manipulate the monetary policy.
33:23
The monetary policy is set in stone at roughly every four
33:26
years. The the supply get sir, the
33:29
amount of Bitcoin being dumped right on the market gets cut in
33:33
half by the happy, right? So yeah, man.
33:37
It's absolutely beautiful. It's a feature.
33:39
Not a bug and don't let anybody tell you otherwise, because when
33:43
someone is advocating for a central bank, digital currency
33:45
when someone's advocating for a shit coin, with the really
33:49
advocating for, is the money that is controlled by an elite
33:52
group. And that Elite group is going to
33:55
manipulate that money for their advantage.
33:57
Only Bitcoin has been able to successfully solve this problem
34:02
because of Bitcoins virgin birth when Bitcoin twin Satoshi Rated
34:06
Bitcoin. He had no idea that it was going
34:08
to have value every single shit coin that came after the fact,
34:12
the Creator knew from the very beginning that that shit coin
34:16
was going to have value. Therefore, it was corrupted
34:19
right from the root of it. So so yeah, very, very cool
34:23
stuff. But anyways, Phil, it's time for
34:25
the daily mean, review brought to you by Citadel, 21 is the
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best Bitcoin cultural zeenat's stories articles Comics, by
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actual bitcoiners. Every every print, Or every
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Citadel 21 today. All right, first meme is brought
34:49
To Us by fellow pleb and his retweeting, Jason Lolly and he's
34:54
retweeting a stork sweet by the Ukraine.
34:57
I'll get to that during the news.
34:58
But anyways, Outlaw Bitcoin because Russia support Bitcoin
35:01
because of Ukraine and the guy is totally confused.
35:04
I love that me. Temp.
35:06
Next memes brought To Us by mikah, me Taquito huddle
35:10
definitely fellow plebe bitcoiners after being declared
35:13
terrorists in Canada and you know the you know, the famous
35:17
picture from Iwo Jima, the Marines waving the American
35:19
flag. This was you know, when Afghan
35:22
essentially was retook by the Taliban to kind of mock the
35:25
Americans. They arose a Taliban flag but
35:29
it's just, it's absolutely hilarious.
35:31
You know, that the Canadian government is making those
35:34
connections. Anyways it's not hell.
35:35
Larry. It's hilarious during a fourth
35:37
turning. Okay.
35:38
You have to lie either. Either treat life like a comedy
35:41
or a tragedy. Okay, I'm the comedy type of
35:43
guy. Okay.
35:44
Anyways, glass-half-full also on carbon taxes for the pores and
35:48
we told the peasants that the tax was for climate change and
35:51
then we Exempted private jet. It's so true, dude.
35:53
They virtue signal about, you know, the climate, whatever.
35:56
And then they take a bunch of motorcades and private jets to
35:59
these climate things. It's such a joke because they're
36:01
scumbags, and I agree. It's like rules for the where
36:04
the elites, we don't have to But you guys do, okay?
36:07
Anyways, don't worry, you won't own anything.
36:09
Be happy anyways for nobody, nobody truly knows who created
36:13
bitcoin. It creates a tremendous
36:14
liability for any Financial firm or CEO pushing it if you pay
36:18
attention. What I said at the end of the
36:19
Durley fail, you would understand why?
36:21
That is the biggest crock of dog shit.
36:24
They have fiduciary duties. If they actually do, do know who
36:28
created bitcoin, it would be the biggest Financial scandal in
36:31
history. Look, let me give you an
36:33
analogy, okay? Jerome, Powell.
36:37
And Richard and Richard Hart, is that his name, Phil, yeah, have
36:41
the same function. They do the same thing, right,
36:45
Richard Jerome, Powell, because he has a much bigger currency as
36:48
usual, or it has a lot more responsibility, but they are
36:51
still manipulating the monetary policy for their bent.
36:55
Remember, when the news came out and they had to change the rules
36:58
that, that a lot of there was some fed people that were
37:00
insider trading to their benefit.
37:03
This is what I'm talking about. They knew Money was going to be
37:06
printed and they bought the certain equities that they knew
37:10
that the the Fed was going to inject with cash.
37:13
It's the same thing that Richard Hart is doing.
37:16
Now are all these people bad. I would say, no, they're just
37:19
following their own incentives, Bitcoin, essentially figured out
37:24
how to make, how to make create a money where everybody falling,
37:27
their incentives makes the money better and stronger.
37:31
So everybody wins. We're in those shit coins,
37:35
including the dollar these people by following their their
37:38
incentives. They're hurting other people.
37:40
In fact, they're literally stealing from them.
37:43
The article, the article that you read fill it said,
37:46
redistribution right. Fiat does the same thing.
37:49
It's a redistribution gig from the lower middle class to the 1%
37:55
and the state. It's the same scheme, it's just
37:58
dressed in different colors. One is hex ones the dollar but
38:01
it's the same thing fundamentally anyways.
38:03
I know a lot of people are going to disagree with me, guess.
38:05
With me in the comments anyways. And then there was you.
38:09
Nobody knows who created the wheel using it, with create
38:12
tremendous liability for companies.
38:13
Nobody knows who invented shoes using them would create and
38:16
tremendous liability for Nike. Nobody knows who created
38:19
agriculture using it would create tremendous liability for
38:22
Monsanto and then this is total con face.
38:24
Absolutely, awesome. From Greg, this is the next one
38:27
from rally. What you could buy for one
38:30
Bitcoin 2011, one Bitcoin in 2011 Burger, some apples bread
38:35
loaf? Bunch of potatoes, one Bitcoin
38:37
in 2020, Tesla Sport, boat luxury diamond necklace.
38:41
Absolutely awesome. And Seth Meister, last one for
38:45
me, Maxie Bitcoin plebs, infant QE tyranny, hyperinflation,
38:49
cbc's spot on, Awesome Blossom, memes, pick today.
38:54
And for those memes, Phil, I'm going to give it a box, you open
38:57
the box and you have the F5 key. Focus, there we go.
39:05
What are you going to get rid of box?
39:07
I love the F5 key. I'm a big fan of F5.
39:10
F5 does a lot of good things? Big fan.
39:14
Okay, that was a good score. I don't think I'm gonna be able
39:18
to top it but I've got something.
39:22
I don't think they make these anymore but here we go.
39:26
It is they're not mint anymore but still they're in pretty good
39:29
condition. These are Macbeth Macbeth skate
39:32
shoes. That's right, very cool.
39:35
All right, let's write very rare.
39:37
Good school. Good scores anyways guys we want
39:39
to know. Do you agree with our scores,
39:41
you disagree? Let us know down in the comment
39:43
section. Make sure to join our telegram
39:44
group linked us, some tank tank tank.
39:46
Bitcoin means to review and of course, subscribe to us on
39:49
alternative video platforms like Rumble.com and our Favorite
39:53
Bitcoin tv.com. They don't censor their because
39:55
it's Bitcoin TV but anyways Phil it's time for the Daily News
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40:25
So you're starting to see a pattern here and social media
40:29
really highlights this. Right?
40:31
Every time something goes to shit whether that was in the
40:34
Ukraine or whether that's in the country who's invading the
40:38
Ukraine, Russia people. As of reaction, one of the first
40:42
things that they do is pull the money from ATMs. Now, here's the
40:47
thing, why are we talking about this?
40:48
Why do we talk about shit coins? Why do we talk about at all
40:50
these things on this show? Highlight that Bitcoin fixes all
40:55
of this. Anyways, Bitcoin fixes this
40:57
completely you don't have to rely on someone else, holding
41:01
your money. We have already heard inspiring,
41:03
stories of people fleeing the Ukraine, they can't take their
41:07
debit cards, they can't access their bank accounts but you
41:09
know, what? They can use Bitcoin.
41:12
Anyways. Let's play some videos from the
41:15
scene. Absolutely Bonkers.
41:18
That's just one giant line for people to access the ATM's,
41:24
right? And here's another video, right?
41:25
Well them come with guitarist. Now, I have a question for you
41:33
guys, because this reminds me of a lot of pictures from the 1920s
41:36
of the famous Bank runs, you know, right before the Great
41:39
Depression, right, do you think that ATM is going to have enough
41:43
cash for those people? And here's the worst part, the
41:45
cash that there would Boeing is losing value to, it's a double
41:50
scam. Anyways.
41:51
So why are these Russians scared?
41:53
Well, a lot of things happened during the weekend.
41:56
Hold on, let me, let me, I'll get to that in a second.
41:58
Let me cover this first. So, first of all, this is a
42:02
historic moment, right? The historic moment.
42:05
Look, you have Bitcoin becoming legal tender in El Salvador,
42:09
last year. And that this is a nation state,
42:12
a country, raising and Bitcoin and the shit coin, right?
42:16
So, essentially, raise money for the war effort to defend Ukraine
42:21
sovereignty from the invasion of Russia.
42:24
Absolutely Bonkers. Now, here's the thing eith and
42:28
USD T, we know that usct has already censored certain
42:31
transactions, right? So e, right also right we've
42:35
covered this many times. The node network is sanch
42:38
centralized because it's so resource intensive most of them
42:41
run on AWS servers, right? So again theoretically they can
42:46
be Insert the most unsensible currency here is Bitcoin so and
42:51
I suspect as Bitcoin and shit coins continue to grow up in
42:54
value and they start to steal or take away power from
42:58
governments. When more of this happens in
43:00
people wake up to the fact that the power that they have with
43:03
the technology current that currently exists, which is
43:06
Bitcoin. Governments are going to start
43:08
cracking down on the lowest hanging fruit, which are shit
43:11
coins because they are centralized, right?
43:14
So again, this is a temporary Thing as time goes on, you'll
43:18
start to see that it's mostly Bitcoin because one of Bitcoins
43:21
best features right? Is the fact that it's hard to
43:25
censor. Anyways, historic moment Phil
43:27
this is historic right? And this is a big middle finger
43:30
to all the banks and all the IMF and all the government's that
43:33
are saying, hey, you need us to bail you out.
43:35
It's like they're you have people from all over the world
43:38
and is soon on Thomas way donating to the cause that they
43:41
want without having to deal with any middleman, that's extremely
43:45
freaking powerful but of Just give it to the politicians,
43:48
always jumping on, always trying to be the party pooper.
43:52
This is a Ukrainian politician saying I'm asking all major
43:55
crypto exchanges to block addresses of Russian users.
43:58
It's crucial to freeze, not only the addresses, linked to Russian
44:01
and Belarusian pulses. But also to sabotage ordinary
44:04
users. What the fuck is wrong with this
44:07
guy? Like this is such Fiat
44:10
mentality, if you want to know why people, why Ukraine did this
44:15
is because the fact that It can't be stopped by governments.
44:18
The fact that it can't be censored, so he's shooting the
44:23
hand that fucking feeds him. He's shooting the technology
44:28
that fucking feeds him. Listen, I don't agree with
44:31
Russia. I don't agree with what Russia's
44:33
doing but I don't think that the u.s. government anybody has the
44:37
right to censor what Russia is doing.
44:40
Because a lot it's like you're going to censor the Russian
44:43
government but there's also going to be the collateral
44:45
damage of Names of Russian citizens that are also going to
44:49
be hurt by the sanctions. The same thing happens in Cuba,
44:54
the same thing happens in Iran. It's like you censor the
44:57
governments of Iran. You censor, the government of
45:00
Venezuela, you censor the governments of Cuba, but you
45:03
also starve and sensor Millions upon millions of people there.
45:07
We, we showed you, we talked about the F in the example in
45:10
Afghanistan, where essentially the US government cut
45:14
Afghanistan from the Legacy Financial system.
45:16
And people were literally Starving in Afghanistan.
45:18
You know, the only thing that worked Bitcoin and this is by
45:24
Design because as long as there's somebody in this goes
45:28
tie this in with what I was talking about during the fail,
45:31
as long as there's human beings that are able to manipulate the
45:34
money, they're gonna want to censor the party that they
45:38
politically disagree with. You got to take that power away
45:42
from people. So this is just it's hypocrisy
45:45
at its finest. It's only not only me saying,
45:47
this is also a lop, you never know when where why or how a
45:51
politician may call for your assets to be seized spot on and
45:56
this is the only isn't happening to a Ukrainian politician asking
45:59
to happen in Russia. This is also happened in Canada.
46:03
Recently, your Canadians their accounts were frozen because
46:07
they date they supported Protest and it was a retroactive meaning
46:13
when they supported that processing wasn't even illegal.
46:16
This problem is going to keep happening.
46:21
And it's again, it goes by to a goes back to incentives.
46:24
As long as there's the incentive, as long as people has
46:27
the power to be able to freeze their political opposition in
46:31
the Quest, for remaining in power.
46:33
People are going to take that option.
46:36
Bitcoin removes It Anyways. Moving on to the Big Daddy news
46:41
of today. This is right a YouTube and
46:45
certain Russian Banks from Swift paralyzed assets of the Russian
46:49
Central Bank and Freeze all assets of oligarchs to see what
46:54
the head of the European Union. Has to say, we commit to
46:57
ensuring that a certain number of Russian banks are removed
47:01
from Swift. This will ensure that these
47:05
banks are disconnected from the International Financial system
47:10
and harm the ability to operate globally.
47:14
Swift is the world's dominant global interbank payment system
47:18
cutting Banks off. Will stop them from conducting
47:22
most of their financial transactions, worldwide, and
47:26
effectively block Russian exports and imports.
47:30
Okay, so the, I've talked about this concept, many times with
47:34
you, guys unintended consequences, okay?
47:37
You have a very powerful country with the very high GDP, and
47:42
essentially, you have The Europe and the United States.
47:45
Essentially saying this second, we paralyze the assets of
47:49
Russia's Central Bank, this will freeze his transactions and it
47:52
will make it impossible for the central bank to liquidate its
47:56
assets. Okay, a couple things here,
47:57
okay? First of all, if they could
48:00
freeze Russia's assets, they could freeze anybody's assets,
48:05
which we just saw during the Canada protest.
48:08
So, how long until they disagree with what your political
48:12
ideologies of your pillow too. Ideas and they freeze your
48:15
assets to and now a second thing.
48:18
Do you think that Russia is just going to lay down and take it,
48:24
which is what I was talking about the unintended
48:26
consequence. If Russia is forced to look for
48:30
another solution, they will find another solution.
48:36
And now here's the unfortunate part, which if you look at the
48:39
game theory, this might play in, they have an alternative and
48:43
that alternative is Bitcoin. Now, if Russia uses Bitcoin,
48:47
that is a hell of a good, excuse for Western governments to kill
48:52
that really nagging thing that nagging cancer that continues to
48:56
grow. So I don't know how this is
48:59
gonna play out. But if you think Russia is just
49:01
going to sit down and take it and allow their economy to Be
49:06
hurt because of this, they're going to look for Solutions and
49:10
one of those Solutions might be the on the only unsensible money
49:14
on the face of the planet, which is Bitcoin.
49:17
And if that happens, that is ammunition to the central
49:21
Bankers that want to kill Bitcoin in the west.
49:25
So, let's see how this plays out, but it's fascinating, it's
49:29
fascinating because even with all of this happening, the
49:32
country that Russia invaded is using Bitcoin to raise funds.
49:38
Russia potentially might use Bitcoin.
49:41
Tus curtail the Swift Banning and El Salvador is using Bitcoin
49:47
to save money and remittance fees abroad, and the Kingdom of
49:50
Tonga rumors, right? That they're going to make
49:53
Bitcoin legal tender to also save on remittances.
49:56
Next year in 2023. Bonkers, no politics, no,
50:02
nothing it just facilitates speech and transactions between
50:08
people on Earth without judging and being political.
50:12
I would like to live in that world because the internet works
50:15
that way. Do you, do you open your phone?
50:17
This is what the world economic Forum would want to happen.
50:19
But do you open your phone and it's like, I'm gonna text fill
50:22
on Signal and signals like do you lean left or right?
50:26
So essentially that's what they're trying to do with money
50:28
bro. So And I'm not saying with
50:30
Russia's doing is okay, but I don't think anybody should have
50:35
the right to censor anybody speech.
50:39
I don't I don't think it's right, there's gonna be bad
50:43
people that use it. Just like, there's bad people
50:45
that breathe oxygen and there's going to be the good people that
50:48
use it. Now, one last thing before I
50:50
shut the fuck up, Phil The benefits from an open monetary
50:55
Network completely outweigh the cons from a, from a kyc,
51:02
censored, monetary Network. How do I know that 50% of the
51:07
planet is on bankable? How do I also know that it took
51:11
less than two or three months for El Salvador to have more
51:15
Bitcoin wallets than traditional banking wall?
51:18
A traditional bank accounts? Which tells me that the Legacy
51:21
system with all KY seat up, its ass has absolutely fucking
51:26
failed and this idea that you could buy Bitcoin and you could
51:31
spend it and you can send it to things.
51:32
Listen, you still live in meatspace, okay?
51:36
You still are going to buy things, you're still going to
51:38
buy properties. You're still going to buy items.
51:41
Are you going to buy a property from R under laundered, Russian
51:45
Bitcoin? They're gonna catch that?
51:48
That's the whole point. I think the world would be much
51:52
better and it's not only me speculating and theorizing that
51:56
it has already proven it. The world would be much better
51:59
if human beings were allowed to transact freely in an open
52:04
monetary Network. They're going to make you try to
52:06
believe that the world would burn down an evil.
52:09
With people would take over that has yet to be seen.
52:12
We've done the research. We've had the evidence, we had
52:14
Ron Paul here. We've proved it to you or we've
52:17
made the case at least. So, anyways, Then be interesting
52:21
to see how it plays out. Phil, I think I think you just
52:24
helped solidify the case for Bitcoin being the money of
52:27
enemies. I definitely think that that you
52:30
did that now. Okay, let's go back to the, the
52:33
you don't have to show it but Ukraine, accepting donations
52:36
right for their war effort. So, look, I think that a
52:39
separate conversation as to whether people agree or disagree
52:42
with that is, you know, is going to be something, is going to be
52:45
something different because I, you know, I personally wouldn't
52:50
Donate to anybody's war effort. So to speak just because I, you
52:56
know, I think war is awful, right?
52:58
But that's the beauty of Bitcoin, right?
53:01
Like you see the fact that I don't have to donate it like
53:04
that that means my government, right?
53:06
They don't get to go and print a whole bunch more Bitcoin and
53:08
then donate it to Ukraine, right?
53:10
The people that support Ukraine and decide that they want to
53:13
donate to them. Absolutely can.
53:15
Right? That's the beauty of Bitcoin and
53:18
right there is one of the most Four cases of the money of
53:22
enemies. The other piece of this is
53:25
Swift, removing Russian Banks last week.
53:28
I said that that would be highly unlikely or that that wouldn't
53:32
happen and I was completely wrong and I didn't realize I
53:35
just wasn't aware of essentially.
53:40
How could I say this? How badly the European Union has
53:45
decided, they want to shoot themselves in the foot?
53:46
I do think that, that is shooting themselves in the foot.
53:49
I don't think they Realize how dependent they are on Russia's
53:52
energy and I think that what Nico said is exactly exactly
53:58
right you want to cut them out of the transaction system.
54:01
Very well they are going to go find the path of least
54:04
resistance and now here we go. This goes back to the point of
54:08
Bitcoin being the money of enemies.
54:10
You've got Ukraine asking for donations providing a Bitcoin
54:15
address for donations in BTC and you've got Russia, possibly be
54:20
Having their arm Twisted into looking for another solution
54:24
which BTC may be able to offer and as Nico pointed out, you've
54:27
got El Salvador. So this is, this is hilarious.
54:31
I honestly, we were talking about this kind of stuff.
54:33
I remember hearing Pierre, Richard talked about these
54:36
geopolitical events that would possibly play out when we were
54:39
back in 2018. And I'm like, oh man, we're like
54:41
a decade away from that me to bro, we look at this angle.
54:45
We were saying that we're like ah this is gonna happen, it's
54:47
like everything is coming so soon.
54:51
How did they do that? I mean I but again right this
54:53
goes back to our ability to perceive you know, short-term
54:56
events, and long-term events, you know, and incorrect about
55:00
it. We're living through a time
55:02
where decades are happening in years, right?
55:04
Usually there's years and nothing happens, right?
55:07
When there's a year that decades are happening, we're living
55:10
through it. But anyways to tie it up to end
55:12
it with this. It's not just you it's not us
55:14
speculating with our favorite Economist, Steve hanky who also
55:18
hates Bitcoin the Right in front of him, but he can't see it.
55:22
Anyways, he says Phil why don't you do the honors?
55:26
Here we go. I love reading Steve, hankies
55:28
tweets. All right, let's do it
55:29
weaponizing. The Swift International payment
55:31
system might cut rush off. But risks eroding the dollar
55:34
demonic denominated Global Financial system.
55:37
Indeed, it will give rise to Alternative systems developed by
55:40
China and Russia. Just another example of why she
55:43
sanctions are counterproductive unintended consequences and When
55:50
this comes from politicians, benefiting from the dollar being
55:55
the global Supremacy and essentially weaponizing the
55:58
dollar and by weaponizing the dollar, you're essentially
56:02
incentivizing other countries to look for other options.
56:07
But why do they think that the other commie option is the
56:10
answer? Like, like it's actually I find
56:13
it so strange, you know, like I said that it's because of their
56:17
incentives, right? I think I treated, I too.
56:20
This dude governments would rather remain in power than
56:23
seeing their citizens flourish. It's all about power and a fiat
56:27
currency that the citizen. This is the psychotic apart.
56:31
They see themselves their Elites bro.
56:34
They don't see themselves as such but anyways, Phil awesome
56:37
new segment it's time for. No, it's not.
56:39
There is an open source off early today.
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We need to everybody about it software releases, brought to
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All right guys, we've got Mercury wallet version 0.6 dot
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for that was released. You know the deal we release
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every odd, every episode in audio.
57:09
Only don't forget to check us out on Apple, podcasts on
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Spotify and on anchor. Awesome.
57:16
Thank you. Phil guys, if you liked our
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threads represent, Rep, hard.com, awesome hoodies.
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They got murder. They got shirts, they got
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sweatpants really cool stuff, and you can take advantage a
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hard.com. Anyways, guys, that was our show
57:33
if you enjoyed the show Smith and of course if you wanna
57:37
continue hearing the catastrophic fails from the
57:39
shit, coiners Central Bankers, all the above and the bitcoin
57:42
news from the plead pleb perspective.
57:44
Definitely consider subscribing to Simply Bitcoin and we'll see
57:48
you tomorrow guys. For brand new episode are War
57:50
efforts really being financed by Bitcoin.
57:54
Are we really at that point in the timeline?