Latest / Simply Bitcoin / MASS ADOPTION: Brazil to Allow Bitcoin for Payments | EP 628

Transcript

MASS ADOPTION: Brazil to Allow Bitcoin for Payments | EP 628 · Simply Bitcoin

0:16
Yo, let's go. Today is November 30th.
0:21
Guys. Welcome to Simply Bitcoin.
0:23
We are your number one source for the peaceful Bitcoin
0:25
Revolution, we cover breaking news culture and memetic warfare
0:30
and we will be your guide through the separation of money
0:34
and stay as you guys can tell, it's your boy Opti I am handling
0:39
Today. Show because Nico is doing an
0:43
NBC interview currently or at least in like 5 10.
0:46
Minutes. So Nico is a hit in the main
0:50
stage bro. He's left us little people
0:52
behind. No, no I'm just joking.
0:54
He's got some other interview stuff going on but he will be
0:56
back tomorrow. We will be hosting a simply
0:59
Bitcoin IRL tonight guys. So definitely check that out and
1:03
but of course I'm not alone here today, guys.
1:06
We have our boy, Rustin you guys know, rest and he does the
1:10
simply Bitcoin wake-up call. He's doing our clips on YouTube.
1:15
So, today we are doing Inge a simply Bitcoin takeover by Opti
1:19
and Reston. But hey, Rustin, what are we
1:22
covering in the news today, bro? Well, those douchebags down at
1:28
the ECB decided to put out a little report so we're going to
1:32
get it that and then completely put a foot down their throat
1:36
with the big news out of Brazil, basically making Bitcoin.
1:42
Legal as a method of payment, but not quite legal tender and
1:45
we'll get into all of that. Some big stuff.
1:48
Super excited going to be a lot of fun.
1:51
Let's go bro. I'm hyped for this and guys in
1:53
the culture I'm going to cover a core eclipse in to race to avoid
1:57
the war. I'm going to read it for you
1:59
guys because I think his words are stronger than mine would be
2:02
and then we'll definitely jump on top of that.
2:04
But without further Ado guys, let's get into the numbers.
2:11
The Bitcoin members brought to you by not all at this point,
2:15
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have absolutely no excuse because now you can run a novel
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Visit nottle, Dottie you today, Let's go boys and girls.
2:40
So we are here. Let's do this.
2:42
Let me zoom in a little bit over here so you can catch the
2:44
numbers. All right, guys, you already
2:46
know we are at block height 765,000 339 and the current
2:52
Moscow time aka the SATs per dollar is five thousand, nine,
2:57
hundred and forty, which means a bitcoin price is currently
3:00
again. According to Clarke, whinnies
3:01
dashboard around 16,000 832. I know you guys saw that prize
3:06
pumping yesterday, Are we out of the woods yet?
3:09
Who knows? Continue to stack guys, cheap
3:10
sad. Still on the board.
3:12
Anyways, the percentage issued of Bitcoin it's at 91.5 2% all
3:18
that Bitcoin is almost out there guys.
3:20
You better be stacking them SATs guys, and of course, man the
3:24
market capitalization. It's that 323 billion, guys.
3:27
Remember when we were close to a trillion, those were some good
3:30
times structure, so good times. And then the realize monetary
3:34
inflation guys as an Eco, he says it's taking fish.
3:37
Currencies to school at one point seven seven percent and it
3:41
will even get lower in two years, roughly two years and I
3:46
added some new metrics guys. I don't remember the ones that
3:49
Nico always has on here but this one that I really like Bitcoin
3:52
verse the gold market cap. Only 2.63 percent guys, we have
3:55
so much room to grow in the Bitcoin space.
3:58
It is absolutely amazing. I know you guys out there.
4:01
Still think that you are an early.
4:02
Hey, I believe, we still are and the current lightning capacity.
4:07
Cassidy total capacity is 5100 and 9.19 Bitcoin, and that means
4:13
that the value is roughly around eighty, five point, nine
4:15
million, guys, and I added this one has, we haven't really been
4:18
talking about this too much, but the hash rate over the last 90
4:22
days is that 249 point to exit. Hashes.
4:26
Amazing. Absolutely amazing.
4:28
So, I do have a video for you guys on the numbers, so it's
4:34
really it's really about what's been going on lately.
4:38
In the block fi, you know, all these contagion all this stuff
4:41
happening in the news that it's been a rough year for all of us
4:45
bitcoiners because we've been telling you guys, I told you.
4:48
So but no one likes to listen to us bitcoiners except now as you
4:52
can tell, as I started today's show you know bitcoiners are
4:55
starting to make the Legacy Media rounds and that Bitcoin
4:59
signal cannot be stopped. It is going everywhere on
5:02
mainstream Legacy Media again, I said every single day A, I
5:07
believe it is, our mean world. And everyone else is just living
5:10
in it. So continue to spread that
5:12
Bitcoin signal and I got this video, I saw this on Twitter,
5:16
Nick Bhatia went on and just completely decimated the whole
5:20
block 5 ft. So let me just play this video
5:22
and then rust and I will talk about some of the points and
5:25
things that we've been saying on this show for a long time.
5:28
So let me play this video for you.
5:31
It's inside the collapse of what.
5:33
Fire, what exactly happens here and perhaps most critically,
5:37
why? Well a lot of the contagion
5:41
that's happened this year in the cryptocurrency industry comes
5:45
from the idea that exchanges were offering yield when there
5:50
was really no yield being extracted from the platform
5:54
itself. So you have fractional, Reserve,
5:57
lending taking place especially at companies like block fi and
6:01
in the end, the liabilities extended Beyond where the assets
6:05
were when you had any lapse in confidence.
6:09
You see a bank run and the bank run lead to bankruptcy because
6:13
in cryptocurrency, there is no lender of Last Resort and that's
6:16
basically what's happened here over the last couple months.
6:21
And I just think it's fascinating that block flies top
6:24
10 creditors are owed, something around 1.2 billion, u.s.
6:28
dollars. How much of that money?
6:30
Are they likely to get back and you love you, Nick.
6:33
Well it's probably a small fraction of that and we look at
6:37
what happened in FTX. We see that up to eight billion
6:42
dollars of customer funds are likely to never be seen again
6:46
and that is because the sister hedge fund of FDX Alameda,
6:50
research likely gambled, all those deposits away.
6:54
And so once that happened, you see the unfolding of you know
7:00
all the calamities across the cryptocurrency industry Block 5
7:03
was just another victim of overextending itself to this FTX
7:08
exchange, which people had a lot of trust in.
7:11
But in the end when we really dug into the details it was a
7:15
Ponzi scheme. Yeah.
7:19
And look, the tide went out and you could say, who was swimming,
7:21
naked as the saying goes and what we're seeing across the
7:24
sector right now is the FTX Alameda collapse continuing to
7:27
have a contagion and a ripple effect.
7:30
If you look at what happens next here, just in your view, Nick,
7:33
how do we restore trust in these operators and credibility in
7:37
these markets when it seems as if there is.
7:39
So little of that trust and credibility to go around.
7:44
Well, let me bring you back really quickly 2017 we had a
7:48
massive bubble in initial coin offerings this is the I co
7:53
bubble that really took the cryptocurrency industry down for
7:59
a couple years after it collapsed in 2018.
8:02
So we're seeing a repeat of this cycle in which a lot of
8:06
companies come into the crypto industry and they think that
8:11
they can reinvent the reinvent the wheel and what we see He is
8:15
a failure time and time again. So we have this another cycle in
8:20
crypto and a bunch of companies going bankrupt in 2022.
8:25
I think that this is just another cycle for Bitcoin in
8:28
which a lot of the companies that really were extending
8:32
themselves beyond their ability and going after returns that
8:37
weren't necessarily that weren't necessarily part of what the
8:44
This tree was built for which is transactions store of value.
8:48
If you go beyond that and you tried to get into initial coin
8:52
offerings, which is trying to mimic the stock market or you're
8:55
trying to get into D Phi or decentralized Finance, which is
8:59
trying to mimic the fixed income Market.
9:01
We're releasing crypto, go beyond maybe its core use case,
9:06
which is transactions Financial Empowerment, and a savings
9:10
technology. Man so much signal.
9:13
I know I know that clip went a little longer than usual.
9:16
It's usually like two minutes but I wanted that whole thing to
9:19
play out because again, first and foremost, the Bitcoin signal
9:24
and something that we say on this show, all the time is
9:26
spreading out there on on mainstream our Legacy Media and
9:31
it's almost fitting, you know, Nico isn't here.
9:32
He's going to do an NBC interview and again further
9:36
spreading that Bitcoin signal but I think Nick made a very
9:40
great points in that and one of First one is separating and we
9:43
said this yesterday or was it Monday?
9:45
I think it was Monday where we covered the Marty bet, thread in
9:50
the culture and doing our best, to separate Bitcoin from crypto.
9:55
I think we have so many examples this year, that obviously it's
9:59
going to be a little. You were gonna have to go
10:02
through the the arguments with friends and debate them and do
10:06
our best to separate Bitcoin from quote-unquote crypto or,
10:09
you know right now even before the show Nika was Kind of joking
10:12
is like, I think I'm going to have to do my best to
10:15
differentiate the fact that block Phi ft x and all these
10:19
guys are not Bitcoin but that was a few points that Nick put
10:23
out there in that clip and that I've been saying on the show for
10:26
a minute I even said it yesterday I believe you know
10:28
there is no yield being extracted from these yield
10:32
lending Platforms in crypto space.
10:35
Like you are the yield guys. They are just fractional Reserve
10:38
lending out there and the fact that they're that Nick is able
10:42
to continue to push this signal on Legacy.
10:45
Media is absolutely amazing and then just one of his other
10:48
points. The breakdown in trust, I really
10:51
love that they talked about this because I've referenced as so
10:55
many times about the Bitcoin white paper.
10:56
I wish I had it up here, but it's literally in the first
11:00
paragraph guys. It's in the abstract as well.
11:03
Guys, the Legacy system, the Legacy Financial system is built
11:07
on trust and they have abused our trust and the fact that we
11:11
Have these crypto shit coin. Gambling exchanges, continuing
11:16
to try to push the Fiat World onto my Block Chain.
11:20
They are just abusing your guys's, trust out there and
11:24
recreating literally the monstrosities of the Legacy Fiat
11:27
system. But in the Bitcoin space and of
11:30
course, as you guys know, Bitcoin is the only free market
11:33
in the world. So this is nature healing itself
11:35
guys. Like if you are a builder out
11:37
there, please please, please, please.
11:40
Quit trying to. Create the Ria's ethnic sale are
11:44
Reinventing, the Fiat wheel on the blockchain on bitcoin
11:48
because you will get wrecked. And and I said, in the past, you
11:51
know, shit Corners make us all look bad, but Bitcoin has a way
11:55
of clearing out the garbage and Bitcoin will Revitalize and
11:59
recreate business, and innovate. And we will innovate on these
12:03
products. So again, guys just do your best
12:07
to not recreate the Legacy Fiat system on bitcoin, because you
12:10
will get wrecked and you will I wrecked your consumers and the
12:14
people you're supposedly out there helping.
12:16
But last point, I hope you guys caught the very end of Nick body
12:20
has little rip where he explains in a very short sentence.
12:24
Bitcoins core, use cases, transactions Financial
12:27
Empowerment and a savings technology, guys.
12:30
We come out here every single day to try to spread the same
12:33
same ideas and there's so much signal and that Nick Bhatia clip
12:36
that I had to play the whole thing.
12:37
You know, the Bitcoin message is heading mainstream and I said
12:41
it. The beginning.
12:42
It is our me more and everyone else is just living in it, guys.
12:44
You need to do your best out there, to spread the signal to
12:48
the people that are awake that are Awakening because Bitcoin is
12:52
restoring his trust. And to that point, we did see
12:55
block fly blow up and you know, the influence out there are not
12:59
doing their due diligence and they're leaving their listeners
13:02
to the slaughterhouse. But hey, you already know the
13:06
soundboard. So guys, stay humble stack stats
13:13
to very simple message. Anyways rest and jump in what
13:15
are your thoughts on that clip? And we will move into the
13:17
culture. First stop Ruston's here.
13:20
Bang Bang. All right so let's go back.
13:24
You were talking about price, we got the numbers so look at the
13:26
price. Yes, you've got an amazing
13:28
buying opportunity because when Bitcoin was at 69k I believe
13:34
there are now less Bitcoin on exchanges and the hash rate Is
13:37
like multitudes higher, so ignore the noise, Nick Bhatia.
13:43
Of course, he's going to know, rehypothecation the dude wrote
13:46
layered money and as you were talking about, it reminded me of
13:50
Rick and Morty. When they go on vacation, and
13:54
they go in the sauna and they're in there.
13:56
Now, we want to get our toxicity.
13:58
Like, we instill it in each other, like, iron sharpens,
14:02
iron. But for them, they got their
14:03
toxicity removed or for you. You got Rug pulled now you got
14:10
rugs. So you are the yield right
14:12
recognize that and then how do we find?
14:16
We got to fix the trust in the system.
14:18
No remove trust. That is the entire point.
14:21
It's in the white paper Opti, nailed it, take
14:24
self-responsibility, as fenske said Bitcoin is responsibility,
14:30
go up technology and that's that's just amazing.
14:34
Incredible stuff. I love it, bro.
14:37
I love it. Russian on his toes for the
14:40
first segment. Beautiful, beautiful.
14:42
Right guys, we're gonna jump into the culture so so I don't
14:45
throw rushed into the Wolves yet.
14:47
I leave them in but let's get to that culture.
14:49
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15:19
All right, boys and girls, I am pretty sure that we are plugging
15:23
the bit block, boom conference here.
15:25
So I'm gonna do this. Justice.
15:26
Nico did not tell me to do this yet, so hey, forgive me, bro.
15:29
But we will be a bit block. Boom, guys, this is a, you know,
15:32
this is where me and Nico met for the first time in person.
15:35
This is this One of those small low-key Bitcoin, only
15:38
conferences as they say, this is not a shit coin.
15:41
And if TR blockchain event, we talk about Bitcoin Bitcoin and
15:45
more Bitcoin. And that's going to be August
15:46
24th, 25th 26th and 27th 2023 guys.
15:50
So definitely want to get out there.
15:52
We will see you guys in Austin, it's going to be awesome.
15:55
Nico. And I will be in the flash,
15:57
maybe even arrest, and will be there.
15:58
And we can all do this in person and a few months.
16:02
Anyways, before we go on, shouts out to Cory.
16:06
I think this is a great great article.
16:09
He put it in a tweet thread, and I think this is something that
16:13
Nico and I talked about a lot on this show.
16:16
Nico has a way of putting it in a meme.
16:18
He said, we need to innovate before they are able to regulate
16:22
and I think everyone out there as Big Horn, has we all
16:25
understand one thing. It kind of like the unspoken
16:27
thing over here as bitcoiners is, we need to get Bitcoin in as
16:31
many hands as possible, so that we are a huge Ask a bitcoiners
16:37
out there and not easily controlled and corralled.
16:40
So this is why we come out here every single day to push that
16:43
Bitcoin message. This is why we tell you guys,
16:45
the orange pill everyone. If you have that sense that this
16:49
person is a freedom minded person, do your part and have
16:53
you orange pills. Someone today guys, Bitcoin is
16:55
love. Bitcoin is Hope and people out
16:57
there need Bitcoin. I am more convinced of that the
17:01
never. Anyways let's get into this
17:03
article again guys. I'm going to read the article in
17:05
full because As I think, Corey did a great job.
17:07
And I think this is a message that you guys will love.
17:09
If you haven't read this yet, I am reading this for you right
17:12
now. So, the article is titled the
17:14
race to avoid the war. Let us proceed together United
17:18
yet, decentralised and win this race for one and also that we
17:22
may never have to fight the war. We bitcoiners are in a race
17:26
perhaps the most important race we will ever run.
17:28
We are racing against time to drive the adoption of Bitcoin as
17:31
fast as we can. We are racing toward a future in
17:34
which the US government never Coordinated, concerted, attack
17:37
against Bitcoin. And Bitcoin has.
17:39
This is a race to avoid a war. Let's be clear.
17:43
Bitcoin is going to win, no matter what.
17:45
Bitcoin is the best money we've ever had its properties.
17:48
Were purpose-built to enable it to function as the primary store
17:51
of value, medium of exchange and unit of account for every human
17:55
and machine on planet Earth. It is designed to withstand and
17:59
survive all attacks. And in fact, it gets stronger.
18:02
When challenged Bitcoin is replacing money.
18:04
That is already in the process of of collapse money that would
18:07
collapse independently of Bitcoins.
18:09
Existence Bitcoin is engineered to be the orderly antifragile
18:12
alternative to a chaotic collapse.
18:15
How far into the future? Does bitcoind victories.
18:18
I'd as money for all of this world it could be as soon as the
18:21
2030s, but only if we Sprint hard and what if we lose this
18:25
race although Bitcoin is destined to win.
18:27
If we lose the race to avoid the war Victory will be far more
18:30
costly. This would be the long way and
18:33
the hard way instead of a Sprint to a bright orange.
18:36
Future, we would be embroiled in a long hard confrontation with
18:39
the government desperate to hold onto the power of the monetary
18:42
printing. Press, if we lose the race to
18:44
long hard path, will be a war in which hundreds of millions of
18:47
people will suffer the D, civilizing and impoverishing
18:50
effects of hyperinflation. So for those of us alive for
18:54
those of us ready and able now, it is vitally important to run
18:57
this race as well as possible. And how do we do this?
19:01
First we drive adoption forward nearly three years ago at Swan,
19:05
they Started on the mission to recruit the next ten million
19:08
bitcoiners the intransigent. Minority people who store in
19:11
meaningful amount of the net worth in the Bitcoin protocol
19:13
and who understand it? Well enough to want to fight for
19:16
it. We are fully committed to both
19:18
of these goals enabling Bitcoin acquisition and building Bitcoin
19:21
comprehension together. These are what build the
19:24
intransigent minority furthermore.
19:26
When bitcoiners develop privacy and scaling technology for
19:28
Bitcoin, we make it substantially more challenging
19:31
for Auntie Corners to make the case that I wore on bitcoin is
19:34
winnable. When more of Demonstrate the
19:36
unmatched power of the lightning Network and small Nations,
19:39
influential, legislators and bankers in the u.s. take note
19:42
and are far less likely to support that an adversarial
19:46
strategy towards Bitcoin when another Bitcoin a right to book,
19:49
make a video tutorial. Promote a decentralized gamified
19:53
stacking Movement Like stack chain, they push Bitcoin that
19:55
much further ahead in this race of races when bitcoiners excel.
19:59
In their Fiat jobs, consistently pushing more and more of their
20:02
weekly paychecks into the Bitcoin savings account.
20:05
They push the umber. Go up technology to new heights.
20:07
Pulling in more Grassroots. Adoption all of these activities
20:10
move us toward the inevitable success of Bitcoin on this
20:13
rational collaborative and peaceful yet revolutionary path.
20:17
However when you lie about Bitcoin in order to line your
20:21
pockets and pump your altcoins like the VC firms Andreessen,
20:24
Horowitz or attempt orange washing Affinity Market
20:27
projects, like Stacks, they make war on bitcoin, that much more
20:30
likely when you fund misinformation campaigns with
20:33
millions of ill-gotten dollars, increase.
20:36
The likelihood of a fight that could and should be avoided for
20:40
the sake of all human civilization.
20:42
And when others bury their head, in the sand, and pretend that
20:44
gold can still do, what it is proven to be able or not able to
20:48
do in the modern Global digital economy.
20:50
They hold back others, who understand the benefits of sound
20:52
money, but haven't yet learned to distinguish gold from
20:55
Bitcoin. A sound money, that worked
20:57
exceptionally well, and our physical and digital Global
21:01
reality. Bitcoiners must stand up and
21:03
call out those who actively slow Bitcoins adoption.
21:05
Because They risk knocking us off of our path, toward the
21:08
peaceful adoption of a sound Global monetary standard, which
21:11
the world needs as soon as possible.
21:13
And all these activities are part of our historic.
21:16
Collaborative effort to guide civilization on the best of all
21:18
possible paths. We write code, we educate we
21:21
help others. We donate we stack and we build
21:24
all the win the race against the war.
21:26
And as Michael Saylor says, you do not want to be a martyr.
21:29
You want to be a winner, so let us proceed together United yet
21:32
decentralised and when this race wants, And for all so that we
21:37
may never have to fight the war. Again, absolute bar is guys, I
21:42
know I read more than usual but I think it was fitting because
21:49
this is what we try to say all the time.
21:50
This is what I try to elucidate, and elaborate on the culture
21:55
segment every single day. And I do get some Flack here and
21:58
there guys, because people get me with the Satoshi meme of, if
22:01
you don't get it, I don't have time to try to convince you of
22:04
it. And while I agree, Agree.
22:06
Not everyone has taken up the mantle, taking up the flag, like
22:10
like Nico and Rustin. And I of being on the media
22:14
front, everyone plays their part in this big horn Revolution.
22:18
And if you are not trying to Orange, Peel your loved ones,
22:20
your friends, and the people out there that are ready to take
22:24
Bitcoin into self, custody that are ready to put meaningful
22:27
amount of capital in the Bitcoin.
22:29
Are you really doing your part? Do you really care about
22:32
Bitcoin? And if you don't do that guy's,
22:35
then you really need. To check yourself and ask
22:37
yourself. Are you about the revolution or
22:39
are you just here about my gains?
22:41
Because to me, I'm a millennial. I've bet my whole life on
22:46
bitcoin and I want to see Bitcoin succeed and I do not
22:49
want to be a martyr. I've said it in the past us
22:51
bitcoiners are sacrificial lambs and I've said it time and cheek.
22:55
And even Eric case on said it, tongue-in-cheek, and simply
22:57
Bitcoin IRL, you know, we may be fucked, you know, I saw a
23:02
public-facing bit quarters now, hey, we may be You know, leading
23:06
ourselves to the slaughter, but if we are able to do what we
23:11
believe we are doing with Bitcoin, we are literally
23:14
freeing Humanity from the Fiat yoke, for eternity, at least a
23:19
hundred thousands of years from now guys, a hundreds or
23:22
thousands of years, guys. And I've said in the past, I
23:25
don't think there's anything more honorable right now than to
23:29
try to guide the world, to truth, try to guide the world to
23:32
sound money because the world has been robbed by Fiat for far
23:37
too long and now we have a tool to take our power back to take
23:40
our lives, back to take our families back and build on a
23:44
strong monetary Network. I sound monetary Network and
23:47
build a civilization, a future a society that we all want to live
23:52
in and not just a few Elites at the top, guys.
23:55
So this is the mission guys get on the mission.
23:58
The bright orange. Future will not come easily.
24:01
There will be uphill battles but I couldn't think of anything.
24:05
More important than for us to try to get the Bitcoin signal
24:08
out there for the world. So yeah.
24:10
Any rug, as any rug said, someone's got to do it.
24:14
Let's go. So anyways Ruston what are your
24:18
thoughts? Did you get some inspiration on
24:20
this? What you got written down over
24:22
there bro? No, I love it.
24:23
I love the intransigent minority.
24:26
You want it to become too politically consequential to be
24:29
in opposition to bitcoin and we're kind of moving in that
24:32
direction. You see, it is a kind Of a
24:35
bipartisan, it's support from both both aisles because it is a
24:40
neutral technology. And as that grows and becomes
24:43
more robust than neither side, anybody who opposes and Anna
24:47
grains itself in the system. There's something I think it's
24:50
called ever Jays law and it's these outliers like what Cory is
24:54
talking about that eventually become part of the mainstream
24:58
and when he was talking about, it was in political Theory and
25:02
how third parties will never gain enough traction.
25:05
Become totally relevant because if they have anything that's in
25:09
their platform of value, it will be absorbed by the other two,
25:13
bigger parties. Now when Bitcoin becomes a
25:15
winning issue for any politician that runs in a spouse's at both
25:19
sides that will just become an issue of you know that be almost
25:24
equal to neoliberals and the military industrial complex but
25:30
this is in a positive form when it comes to bitcoin and sound
25:33
money and Edom and we want to put off that confrontation, we
25:39
know it, the main enemy is like IMF US Government Etc, And when
25:45
we think about it, I think Mike Hobart wrote the recent peace.
25:50
Bitcoin will not destroy the US dollar or Fiat.
25:54
And that got me thinking of James Rickards currency Wars.
25:57
And at the end, he talks about this modern, gold Theory, and
26:01
what you have is, when you go back to the gold standard, you
26:03
have this self rebalancing system between those who had
26:07
more gold and depending on their business cycle, who needed to
26:11
take out interest and loans and you have the A global system
26:16
that recalibrates but through Bitcoin, if you just plug it in
26:19
that place, it is an instantaneous rebalancing
26:22
system, globally internationally, it's amazing.
26:26
And like you and Corey were talking about anyone that takes
26:28
part in this system is a humanitarian because you're
26:31
benefiting everyone else that takes part in the system.
26:34
So those in emerging markets that are trying to get by an
26:38
American, you know, that's maybe just stacking a few sets that
26:41
benefits those people down in Honduras or wherever it.
26:45
Maybe so, it's incredible. It's why we're on the mission
26:48
will keep growing. We'll keep fighting.
26:51
And yeah. Yeah, bro.
26:54
I couldn't agree more. I knew kind of reminded me of a
26:57
case on came on simply Bitcoin IRL.
26:59
And I made it into like a short for YouTube, because I thought
27:03
it was such a good point. And, obviously, again, where we
27:07
laugh about this kind of stuff, because it's really, like, we're
27:11
really in Collinwood. But anyway, the Eric case on
27:13
said, basically like the fact that Coin is are called crazy
27:17
that we're considered criminals. That we are the crazy ones
27:19
because all we want is a money that is not debased.
27:24
Is like you really got to, you know think about what is going
27:27
on in clown. World guys, we've said it on the
27:28
show multiple times. We are trying to ask a few
27:32
fundamental questions, why are we being forced to use a money
27:35
that is designed to lose value? Why are we being forced to use a
27:38
money that literally robs from us?
27:40
And why is a small cabal of people telling us who we can and
27:43
can't interact with With our money.
27:45
These are fundamental questions that I think we can ask everyone
27:49
and they will you know at least start to open up to the orange
27:53
pill. Anyways Reston, let's get into
27:56
your debut, bro. Are you ready?
27:58
Let's go. The Daily News brought to you by
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your Bitcoin on an exchange order a bit box today.
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Are you there resting your audios off right now?
28:33
There we go. Screenshare!
28:35
You got that. Let's get into it.
28:38
And one of my first questions is Jesus Opti, what did you do to
28:41
Lagarde here? We are European Central Bank.
28:44
The apparent stabilization of Bitcoins value is likely to be
28:47
an artificially induced last Gap.
28:50
Last guess before the crypto has said and Barks on a road to e,
28:53
relevance coming from the European Central Bank which is
28:58
headed by a felon. So yeah.
29:01
Oh yeah, very credible. Let's go ahead and take a look
29:03
at it Bitcoins, the last and bio Ric Bensel in Jurgen Chef jerkin
29:09
chefs. Oh okay okay here we go.
29:14
Oh man, this is going to, this is going to just get you burn,
29:16
and Opti you're going to love this.
29:18
All right, the value of Bitcoin peaked at USD 69k November
29:22
before falling to USC, 17K by June 22 since then the value is
29:27
fluctuated around. USD 20K, for Bitcoin proponents,
29:31
the seeming stabilization signals a breather on the way to
29:34
new heights, more likely. However, it is an artificially
29:37
induced gas before the road to we relevance This frigging
29:42
morons. Bitcoin was created to overcome
29:45
the existing monetary and financial system.
29:47
In 2008, the pseudonymous Satoshi Nakamoto published the
29:50
concepts, it's then Bitcoin has been marketed as a global
29:54
decentralized, digital currency, however, Bitcoins conceptual
29:58
design and technological. Shortcomings make it
30:00
questionable as a means of payment.
30:03
Real Bitcoin transactions are cumbersome, slow, and expensive.
30:08
Have you ever used the lightning Network Bitcoin?
30:10
Is Bitcoin has never been used to any significant extent for
30:14
legal real-world, transactions into that in a minute also
30:19
please see Lebanon. That's how they're surviving.
30:23
Bitcoin is also not suitable as an investment.
30:26
No one's made money off Bitcoin for the last decade, it does not
30:30
generate cash flow like real estate or dividends like
30:33
equities cannot be used productively.
30:36
Like Commodities though, it has been described as digital
30:39
property which is a commodity Or provide social benefits, like
30:43
gold that Shiny Rock that you put in front of your door, so it
30:46
doesn't close in. July Fez, be called for crypto
30:51
assets and markets, to be subject to effective regulation
30:54
and supervision the risks. They pose however legislation on
30:59
crypto assets has sometimes been slow to ratify in recent years
31:03
and implementation often lags behind moreover, the different
31:06
genes are not proceeding at the same pace and with the same
31:09
ambition, while the EU as a Read in a comprehensive regulatory
31:12
package. You guys know about Micah the US
31:15
has not been able to find a coherent ground rules since
31:20
Bitcoin is based on a new technology deal T / but block,
31:24
block chain, you mean time chain, you jackass?
31:27
It would have a high transformation, potential.
31:30
Firstly these technologies have so far created limited value for
31:33
society. No matter how great the
31:35
expectations for the future. Secondly, the use of a promising
31:39
technology. Is that a sufficient condition?
31:41
Shin, for an added value of a product based on it.
31:45
So what is where does Fiats value come from faith, in and
31:49
trust, and it's diminishing every fucking day.
31:52
It's almost worth noting that the Bitcoin system is an
31:54
unprecedented. But looter, oh, here we go.
31:57
This guy's probably with Greenpeace first.
31:59
It consumes energy on the scale of entire economies.
32:02
Bitcoin mining is estimate So it consumes energy on a scale of
32:07
entire economies, but it has no value or purpose.
32:10
So, where is this energy coming from?
32:11
And why? And why did the market choose to
32:13
use it? You guys are retarded.
32:16
All right, here we go. Bitcoin mining is estimated to
32:18
consume electricity per year comparable, to Austria, second
32:22
and produces mountains of Hardware waste one Bitcoin
32:25
trick. This, this is so just I can't
32:29
even one Bitcoin transaction, consumes Hardware comparable to
32:34
the hardware of two smartphones. Okay, so how many millions of
32:39
transactions over the past? You know, 13 years of Bitcoin
32:44
shouldn't there be phone, stacked up to the moon or some
32:46
shit like that the entire Bitcoin system generates as much
32:49
E-Waste as the entire Netherlands.
32:52
Well, the Netherlands isn't that big?
32:53
So this inefficiency of the system is not a flaw, but a
32:57
feature, it is one of the peculiarities to guarantee the
33:01
Integrity of the Camellias system.
33:04
The strongest Computing Network on the planet.
33:07
And as we know, we've had many guests on the show with Mining
33:11
and how Hash boards and those things are recycled and used and
33:17
casings, all over the place for minors since Bitcoin appears to
33:22
be neither suitable as a payment system, nor is a form of
33:24
investment. It should be treated as neither
33:26
in regulatory terms and the should not be legitimised.
33:30
Similarly, the financial industry should be wary of the
33:32
long-term damage of promoting Bitcoin Investments despite
33:36
short-term profits that can make even without their skin.
33:39
In the game, is for the trying to take some of our are.
33:43
What's here? The negative Packed on the
33:44
customer relations and the reputational damage to the
33:47
entire industry could be enormous.
33:49
Once Bitcoin investors will have made further losses.
33:53
Oh hey, we like Goblin Town, that's a pay raise.
33:56
We get more sets per cook box. That's good for us.
33:59
Now, let's go back. Now, Opti you may not have to
34:03
reach out to all Christine, lizard and her fork tongue, and
34:08
her limber legs. Because the authors here, Ulrich
34:14
benzyl. I will just leave that here.
34:16
So everybody knows the conflict of interest, think you base
34:20
load. All right, let's check out.
34:22
Oh Rick benzyl division. Current position, director,
34:26
General, email, ECB, Europa, okay, okay.
34:30
So what I'm getting at is I was wondering did this guy just ride
34:34
the short bus? Did he take a Blow To The Head?
34:38
No, he's a shit corner. Here we go, Central Bank,
34:46
digital currency or Rick Bensel Fabio Panetta Ignacio, turo.
34:51
So, all the same things you could hear out of a typical pay
34:55
for propaganda Greenpeace Oracle.
34:58
That's what you just got from the ECB.
35:00
And if this is all you have to throw a Bitcoin, you guys are
35:05
just totally fucked. You're gonna get run over and
35:09
take a look at this, we got some good news.
35:11
Brazil Brazil, says, In Spanish. He be approves.
35:16
A bill regulating the use of Bitcoin as payment.
35:18
Let's dig into it, voted on Tuesday evening in Brasilia the
35:22
country's capital of the new rules.
35:24
Recognize Bitcoin is a digital representation of value that can
35:27
be used as a means of payment. And as an investment asset in
35:31
the south of the bill applies. Broadly to a sector which it
35:34
calls virtual assets down, only needs the president's signature
35:38
to become law. It does not make Bitcoin or any
35:42
cryptocurrency it Legal tender in the country.
35:45
The bill test, the executive branch with selecting government
35:48
bodies to oversee the market. The expectation is that the
35:52
Central Bank of Brazil will be will be in charge when Bitcoin
35:55
is used as payment. While the country's SEC will be
35:59
the Watchdog when it is used as an investment asset, both the BC
36:03
B and C VM along with the federal tax Authority, help
36:06
lawmakers craft the overall legislation, let's go ahead and
36:10
get down here. A big Miss from Tuesday's, vote
36:13
was the rejection of a closet sought to cut to cut some state
36:18
and federal taxes on purchases of Bitcoin mining machines.
36:22
So they were looking for some tax incentives for minors.
36:25
While the text was quite restrictive, the benefit would
36:27
only apply to operations using renewable energy sources.
36:32
It was apparently not enough to be approved so that that kind of
36:36
similar to the moratorium even except you can mind.
36:40
There's just no tax. Sentence there.
36:42
Now, let's go into this piece. Once passed into law, Brazilians
36:48
can use Bitcoin has a payment method while digital assets will
36:51
be recognized as an investment asset class as Securities as
36:55
we've been saying, for months and months and years and years
37:00
under the bill exchanges are required in.
37:02
This is a good thing, to observe specific rules to be allowed,
37:05
access to the Brazilian market, for example, processes to
37:09
segregate users funds. So assets From liabilities, the
37:12
rules also require service providers gained approval at the
37:15
federal level. So we do have some other things
37:18
coming into play with the checks and balances and how everything
37:22
does need to go through the the federal government in Brazil.
37:25
And we also have this change of power going on.
37:29
As we can see, it's going to need the signature of the
37:32
president. The election result is marred
37:34
and controversy with bowls narrow supporters, alleging
37:38
electoral fraud. You guys have probably seen
37:40
those videos all over the place early earlier this year, before
37:44
winning the election does Silva acknowledge the expansion of
37:47
cryptocurrencies, in Brazil to local media.
37:49
He added that a framework needs to be in place to harmonize
37:52
domestic practices with International standards,
37:55
particularly in respect of Nefarious activities.
37:58
So, Is all establishment statement regarding Bitcoin or
38:03
crypto. So we get that, Lula da Silva
38:07
is, you know, we want to protect against money laundering and
38:12
terrorism etcetera. Well, they got some crazy things
38:15
going on. In the streets, they might want
38:17
to keep an eye on him, rather than that and kind of going
38:20
back, a little background knowledge on what's been going
38:22
on in Brazil. This from Samuel, 1 at crypto
38:25
Slate from April 14th. So we saw the goal of the bill
38:31
was to his to establish, an agency to oversee
38:33
cryptocurrency. And as we get here now at this
38:38
time, this was just a few months ago and we had Honduras
38:41
announced, it would accept Bitcoin is legal tender in the
38:44
Honduras prospera. Special economic zone, The Hub
38:47
represents a new model for economic development at which
38:50
intends to attract capital and Innovation to the region.
38:54
Now why why Latin America and South America, many Latin
39:00
American countries, suffer from Runaway inflation.
39:02
The prime example being Venezuela, which saw a 80,000
39:06
per speak in 2019. However, inflation has been
39:10
trending down over the last 12 months dropping from two
39:13
thousand nine hundred forty percent in April, 22 hundred
39:16
Eighty-Four percent in March. Bitcoin is gaining ground as a
39:21
movement to democratize finance and when faced with difficult
39:25
living conditions is often seen a Latin America, it's no wonder
39:29
local seek alternatives to the status quo, check your monetary
39:36
Privilege you, ECB douchebags. Oh man.
39:42
Oh man, what were you thinking? Oh man.
39:45
Oh man, oh man let's let's go back before before we throw Nico
39:50
Jones on the case first and foremost as I tweeted this
39:54
morning on the simply Bitcoin Twitter account man the ECB
39:59
calling Bitcoin. Irrelevant is just pure cope and
40:02
projection, we know at least as Bitcoin Is that Bitcoin makes
40:07
central banks irrelevant and they are on the road to
40:10
irrelevant. So as we've been covering on the
40:14
show for a long time, they are obviously projecting what they
40:17
know to be true about themselves.
40:19
I think Nico said that almost on every single show that we talked
40:22
about this, but again I've been saying this on the show all the
40:25
time as well. The low-hanging fruit arguments
40:28
that they use, they will continue to use.
40:30
What was their arguments for this Bitcoin, won't be payment,
40:34
maybe, maybe an Mint its energy wasteful.
40:38
But my question is a very simple one, if Bitcoin is so
40:41
irrelevant. Then why do you need to feel the
40:44
need to write an article? Denouncing it guys, it's
40:47
obviously that they're scared that Bitcoin has taken away,
40:50
their power taken away, the power of the money printer, and
40:53
they have to do whatever they can, to dissuade the masses out
40:56
there from becoming big Corners, because bitcoiners each their
40:59
lunch and I love that you added the Brazil news on top of the
41:03
ECB trying to dunk on bitcoin. Because this is just The proof
41:06
that Bitcoin is not becoming irrelevant.
41:08
It is becoming more relevant in time.
41:11
Every single day, block by block, more people are adopting
41:15
Bitcoin, more Nations will adopt Bitcoin, and it's only a matter
41:18
of time until everyone becomes a bit cleaner.
41:21
So man, ECB Chrissy. I'm sorry babe, you know, better
41:27
luck. Next time, we will continue to
41:29
stack. We will continue to spread that
41:30
Bitcoin signal and Bitcoin is going to take over the world.
41:33
It's only a matter of time guys. Bitcoin is here.
41:36
Here and they can't stop it. All they can do is put words on
41:39
a paper to try to dissuade people from putting their
41:41
savings, their Capital, their lives work behind Bitcoin.
41:45
And as I covered in the culture segment, you know, we are here
41:49
doing our best to push that signal every single day and you
41:53
guys are as well. So continue to do this guys
41:56
because they are afraid, this is a simple, they are afraid moment
42:00
anyway. We got Inigo Jones on the case.
42:02
What's good bro? Did you did you dive in on this
42:05
news? Today or what have you, bro?
42:07
What's going on with you? Yeah, so I think you hit the
42:10
nail on the head, right? That, that that projection idea,
42:13
right? And I think that this is the
42:16
case right here, right? Clearly the guys incentives are
42:21
not aligned like he's, you know, in charge of developing and
42:24
rolling out the Central Bank digital currencies in Europe.
42:27
But at the same time you know he's writing a paper basically
42:30
saying that Bitcoins days are numbers.
42:32
I would say that Fiats days are numbered.
42:34
But again, you know, Like in Psychology, it's a very
42:39
well-known thing people project onto you what they think they
42:42
are themselves, right? And I think that this is just a
42:45
really great example of that and they've been doing this for a
42:48
minute out the way that they describe Bitcoin also as Bitcoin
42:52
is the so-called private money. It you your it's not controlled
42:58
by the public. Like what do you what do you
43:00
think? Sounds more private to you
43:02
something that you know this Elite your Craddock?
43:06
Group in DC, or the head of anywhere of the central bank's
43:09
gets to dictate the monetary policy behind closed doors or
43:13
Bitcoins monetary policies. Set in stone, you know, it's
43:16
public. Anybody could verify the supply
43:18
anytime they want. They can just have it.
43:20
Run their own note. In fact, anybody can issue more
43:23
Bitcoin if they're willing to invest in the infrastructure to
43:25
mine it, right? So what sounds more public and
43:28
what sounds more private to you. But again they're projecting
43:31
onto US what it is. They believe they are themselves
43:34
and I just think that this This is desperation.
43:37
I think of the meme the it's Afraid from Starship Troopers
43:40
that that's what I'm visualizing.
43:42
When I saw that. I'm like they're terrified, you
43:45
know, this is this is free publicity.
43:47
They're literally shining the light on what's going on and
43:51
yeah and I fundamentally believe it's because they're scared and
43:55
you know the fact is that Bitcoin just has better
43:57
incentives and anything that they can come up with Central
44:01
Bank, digital currencies don't solve the inflation problem.
44:05
They don't Of the debasement problem.
44:07
And they never talked about that, right?
44:09
They always talk about that more efficient means of payment and
44:12
this and this and that but they never talk about the fact that
44:16
Bitcoin is just just better. It your purchasing power isn't
44:21
going to be inflated away. In fact it's going to increase
44:24
over time and they can't match that they're always going to
44:27
want to control it and they're always going to want to debase
44:30
it and that's just the reality. Look I like to Brazil news.
44:34
I think it's cool. But I am very wary of
44:37
governments, right? I think on a on a smaller scale
44:41
level, right? It's not so much about what the
44:44
government of Brazil allows, the Brazilian people to do.
44:48
It's about whether individuals in Brazil are adopting Bitcoin.
44:52
And that's a very, very different question, but I do
44:57
think it's a good headline, right?
44:58
Like, I think it's a great headline, right?
45:00
It's like, you know, Brazil to allow payments, you know, like
45:04
Bitcoin doesn't need anybody to Wow, it like it is peer-to-peer
45:08
right it's a matter of will vendors accept it you know is
45:12
the guy on the street you know selling his Tacos on the street.
45:15
Whatever is he accepting Bitcoin?
45:17
Like that is how you actually change things.
45:19
Right? It's about individuals adopting
45:21
Bitcoin, it's about individuals accepting Bitcoin and that is
45:25
how, you know, that's how you effectuate change, right?
45:28
But I think it's bullish news, overall and bullish news.
45:31
Coming out of the ECB, I'm smelling that desperation man.
45:34
I'm smelling it from A mile away and they just think they
45:38
continue to get ratioed. Right?
45:40
Army marma Maddox are better than theirs.
45:42
They have no chance at the meme game.
45:45
And if you want to conquer the internet, if you want to be
45:47
popular on the internet, if you want to go viral on the internet
45:50
meme, addicts are very, very important and I don't think
45:53
central banks will ever be able to match Bitcoins Maddox, man,
45:57
then. And that's just a fact, it's our
45:59
mean world and everyone is just living in it.
46:02
And on that note Nico, let's get into the mean review.
46:07
The daily meme review brought to you by Kaboom racks.
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46:13
Nico. Where should I buy Bitcoin?
46:15
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46:35
All right, boys and girls. This is the mean review and
46:39
tweets are the bullets and memes are the artillery.
46:41
We are in an information war and you guys are the Frontline
46:45
soldiers. And as Nico just said, at the
46:47
end of The News segment, guys, we have truth on our side and we
46:51
have the best memes and the best meme Army.
46:54
So, take up, your man told take up your, your, your, your
46:59
Photoshop, and start memeing these people to death because
47:02
they cannot handle the truth. Ruth.
47:04
And we have the truth on our sides.
47:06
And of course, guys, drop your mean review score in the chat.
47:09
Once we are done, so that we can cover Your Meme review score on
47:13
the show. All right.
47:15
First one, shouts out to our buddy, 21.
47:18
JC LP continue to tag me in these memes, bro.
47:21
And I will continue to put them on the show and it's very
47:25
fitting on what we've been talking about.
47:26
On today's show Bitcoin is a peaceful Revolution worth
47:30
fighting for and I don't know where this where this is card.
47:34
Bored protesting sign is from but it makes our point for us
47:39
defund this state and buy Bitcoin.
47:42
All the atrocities of the 20th century.
47:45
The 21st century are backed by the Fiat money, printer by
47:48
governments being able to print as much money as possible to
47:51
continue these Perpetual Wars, defund them by taking your money
47:54
back and saving in Bitcoin guys. It's a very simple message.
47:58
This next one again on that know, if you know, you know,
48:01
shut the door, GG, he puts a little emoji hand.
48:04
Over his face. And this is a Sponge Bob Nieman
48:07
because path are Squidward going to Patrick.
48:09
Everything is warm power projection and Patrick goes,
48:13
what do you mean everything? And then SpongeBob comes and
48:16
goes. It means he thinks Zero Sum, and
48:18
then Squidward doesn't know it, does it?
48:20
And then Patrick has symbiosis. And then smile got to stop it.
48:24
Patrick, you're scaring him, guys.
48:27
If you know, you know, I on that note, guys, we definitely
48:33
covered it. At least touched on it.
48:35
In the beginning in the number segment.
48:37
I know you guys are seeing the Legacy Media and how they are
48:41
still doing their best to give SBF cover fire.
48:45
Well, we got a bunch of NPCs and it's literally, every mainstream
48:48
journalists Media company we got for CNN wise.
48:52
Political ABC News, NBC MSNBC, Wall Street Journal, did I say
48:57
Forbes PBS, whatever. Anyways, all the NPC's goes how
49:01
unfortunate SBS philanthropic goals will.
49:04
Never be realized. Yeah.
49:06
A little. Do they mention that he was
49:09
robbing his customers and one of the biggest ponzi's in the
49:11
world. Anyway that's neither here.
49:12
Nor there shouts out to our friend, Bitcoin meme Hub and
49:16
it's a very it's a screenshot of Twitter current what's it?
49:21
What do they call it? The trending topics and you guys
49:24
probably nothing. Dot dot dot.
49:26
And it goes business and finance.
49:27
Trending one, BTC, with 128k tweets.
49:32
And I don't know if you guys know the Over here but like you
49:35
can kind of see some of these what these trending tweets are
49:37
in the numbers. 64.5 K over there.
49:40
A lot of people talking about one Bitcoin.
49:42
So it's going to continue to go up this next one, shouts out to
49:46
our buddy, White Rabbit. I got you on the show yesterday,
49:49
we're adding you again, so current move.
49:50
We got Homer, hold on. Let me let this, let me let this
49:53
go. You guys are seeing the end of
49:55
it. For those, in the space is one
49:56
side. We got bit calmer as a big
49:57
corner, and we got a spider as a shit coin.
50:00
And then it goes under cardboard box and he picks up the
50:02
cardboard box and is Luna Voyager.
50:04
Or Celsius FTA block by all falling on us bit corners.
50:09
And, yes, this is why the market is so wrecked because she
50:11
Corners, make us all look bad. And this next one, shouts out
50:14
the BJ dichter, doing awesome, things out there for honk for
50:18
freedom, freedom, combo, and Canada and I really like this.
50:22
This, it's the saying, but it's also a meme and this is just a,
50:27
I thought it was a really good cherry on top for everything
50:30
that we said on today's show. And while Bitcoin meemers and
50:33
the Bitcoin system No is so powerful because we have truth
50:36
on our side and as BJ said, and it's a quote from Elvis Presley
50:39
goes. Truth is like the sun.
50:41
You can shut it out for a time, but it ain't going away.
50:45
And I really like this little picture that he used as a
50:47
medium. It's like barbed wire and it's
50:50
one little happy individual breaking away from the
50:53
collective ideology. That you should be allowed to be
50:56
robbed for the rest of humanity. Anyways, let me see.
51:00
Let me see. What is my mean review score for
51:03
the day? I told you, I got the 99 signs,
51:06
you might be a Bitcoin Maxi and I'm glad this is still on my
51:09
desk because I didn't prepare my mean review score, but I have it
51:13
right here. Sign 73, you dream of working
51:16
for a Bitcoin only company, or currently work for one.
51:19
Hey yo, let's go. That was a good one.
51:23
All right. All right.
51:24
Well hey, we're living the dream.
51:27
Amen. To that Rustin.
51:29
Would you give those memes course?
51:31
All right, since we both referenced him this week on Wake
51:34
up call and simply Bitcoin and an OG might have been the first
51:38
guy to describe Bitcoin, a little, Buckminster Fuller
51:42
credible. Let's go.
51:45
Very nice. The critical path.
51:46
I'm going to give it. This Aqua Reef Old Spice
51:50
deodorant is it used to know it's used.
51:54
It's used dirty since. Yeah, we got some review scores
52:00
in here, essence of Nico. The first one is by Z logic.
52:07
And he goes Lagarde, is the me? Yes, yes she is.
52:11
Yes, she is this next one. Bye.
52:14
Brandon. And he goes, I give those memes
52:16
a homemade. Made cheeseburger amazing.
52:19
Absolutely, sounds delicious. I might have to get myself one
52:23
after after the show today. And there's next one Bitcoin for
52:27
Canadians. He goes, I score those memes.
52:30
The taste of Freedom tastes like, I'm wondering what those
52:35
taste. Like, any wicked Andres that?
52:38
Well, this next one is by yellow and he says, those memes.
52:42
Get a job at Salon. He was a, he was very perplexed
52:47
and he, Yesterday, he's when you announced.
52:50
Actually I told him that you got the job at Salon.
52:52
He's like interesting, very interesting.
52:55
So watch out for me mother, we shall see.
52:58
Anyways, I'm dressed. What's up brownie?
53:00
Girls, I give the memes a hint day with Christine Lagarde.
53:06
Oh man. Oh man.
53:07
Alright, last last meme so far mean review score so far is
53:11
Bushmaster and he goes I score all the Niko's Nails in the head
53:16
Cent Monday. All right.
53:20
Oh wait, there's another one. Okay, cool, a Mayorga.
53:24
He goes, I give those memes. Analyzing fold.
53:26
Why we provide value and Fiat to just received nut back in sad
53:30
for reward who shot shot fired, everyone, everyone Spicy Thai
53:36
spicy swarm up, the guns, I see. Okay.
53:40
Alright guys well alright, one more, one more, I will go I will
53:44
give one more, will give one more this last one is by Global
53:48
nonsense and you guys, I give those memes a Chinese
53:50
Revolution, which one? Not tenement squared that one
53:58
guys. You already know.
54:01
Shout-out to our sponsor represent.
54:05
We whether comfy hoodies actually, let's Rustin show that
54:08
one. We haven't showed that one on
54:10
the show yet. Simply Bitcoin represents, show
54:13
the back. Show the back.
54:15
Oh, that's the shirt. Is that the hoodie?
54:17
The shirt? Okay.
54:20
That one's that one's dope. You guys need to go check that
54:22
out and and any rug he was asking me about the be K hat,
54:26
bro, represent has the simply Bitcoin hats.
54:29
Go check them out bro. And I'll be rocking one soon on
54:33
the show. Just give me, give me a moment.
54:37
Anyways guys, we appreciate everyone.
54:41
I hope you enjoyed the show. Oh yeah.
54:43
Oh yeah. I have it over here called on
54:45
Nico. Hold It Down For a Moment.
54:46
Hold it down also, isn't it? Isn't it?
54:48
Part of the software, really? Anyway, it is part of the
54:51
software release. Okay, you change it up.
54:53
You should have changed it up on me, bro.
54:56
You change it up. Have it.
54:57
You're changing it up on me, bro.
54:58
He comes in and takes over and ruined everything for us.
55:01
Oh my God. All right, guys.
55:05
Hold on. We're not done.
55:06
We're not done. We have one last segment and it
55:11
is a software release, guys. Actually I'm pretty sure it was
55:15
on dress. That pointed this out.
55:16
We are definitely going to cover it.
55:17
So here we go. Bitcoin software release brought
55:22
to you by Cipher safe, don't be that person that loses their
55:26
Bitcoin seed. Due to fire damage water damage
55:29
dog. Attacks back up your
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generational Bitcoin wealth on steel and there's no better
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place to do it then the cipher grid by Cipher safe and now
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check out their new Bitcoin art the Bitcoin rulebooks triangle
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only on Cipher safe dot IO. All right, here we go.
55:50
Yeah, Anika. I just realized.
55:51
I did mix it up on you. Yeah, it was like, I was like,
55:55
okay, are we doing this one first?
55:58
Alright guys, so the today software release, this is a
56:01
pretty big one, its Bitcoin core version 24.0.
56:06
As you can see, on the screen guys, new options for
56:08
transaction replacement policies.
56:10
Peer-to-peer Network changes and more, there's a pretty big one.
56:13
I think the, the biggest and the most contentious I've grade was
56:17
this mempool for RBF guys. I'm not going to read the whole
56:21
the whole breakdown, but we do have it in the description.
56:23
If you want to catch up on what happened with this latest
56:26
update, by all means go check it out.
56:28
But one point one point before we move on guys, as we tell you
56:32
all the time when it comes to upgrading your Bitcoin software
56:36
do not rush out there and upgrade this yet.
56:39
If you don't feel, you need to give it some time.
56:42
I would recommend giving it a little space before you go run
56:46
out there with your full stack and up.
56:48
Grade your Bitcoin core client. Obviously it seems like it's
56:53
doing really well but hey I am going to wait a little bit
56:56
before I update my my nodes. So that's just what I'd
57:01
recommend people do as well. Give it a little time.
57:04
Boom. Anyways anyways Nico, what's the
57:07
last thing we do over here? I think do we I think we're
57:11
going to thank wait wait before we go Niko oh this is what to
57:15
see this guy's a professional. We're on the audio only.
57:18
As check out all our podcasts links, we are an anchor Spotify,
57:23
apple. And we are a part of the value
57:25
for Value economy. On the fountain app, I will get
57:28
you guys, your links on on Friday, Mika.
57:33
You do you're so good. Also check out our simply big
57:36
fun, telegram group guys. T dot me slash simply Bitcoin TV
57:40
go hang out with all of our friends over there.
57:42
Drop me memes in there. There's really good conversation
57:45
in there as well. And of course go check out
57:48
Simply Bitcoin, unfiltered, simply Bitcoin dot news.
57:51
We are continuing to give you guys the show in written form
57:56
and shouts out to our boy rushed in.
57:59
He's actually doing more clips now.
58:01
But we got Zach and we got wine and we got Paul and I'm still
58:05
going to make sure that Nica drops an article for you guys
58:08
soon because we need that Nika Jones Ranch in written form.
58:14
Anyways, guys, thank you guys so much.
58:16
Thanks for Ruston. This is his first.
58:18
Segment. We held it down pretty good.
58:20
We still had Nico come in here though.
58:22
He, you know, he's the consummate professional.
58:24
But thanks everyone. Share the video, like the video.
58:27
Subscribe to our YouTube channel.
58:29
And then, of course, we continue the combo on Spaces on Twitter.
58:33
If you want to add some two sets, join us over there guys.
58:36
Thanks everyone that hung out with us.
58:38
Thanks everyone. That's always hanging out with
58:40
us and we will see you tomorrow for our normal show.
58:44
Peace out, guys.