Latest / Simply Bitcoin / Bitcoin Miners Just Saved Texas Energy Grid | EP 528

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Bitcoin Miners Just Saved Texas Energy Grid | EP 528 · Simply Bitcoin

0:04
Why don't you simply Bitcoin we recover the Bitcoin use the fat
0:07
the catastrophic fails from the shit coins and Central Bankers
0:10
all of it. And the memes that Bitcoin
0:12
culture in general today we have a very special guest.
0:15
We have a buddy, a friend of ours and also the head of
0:19
multimedia production at Bitcoin magazine.
0:23
I hope I got that right. Anyways.
0:25
Chris how you doing brother doing well?
0:27
Thanks for having me guys, happy to be here.
0:29
Awesome. All right, Phil.
0:31
Let's get to the Numbers number time, brought to you by not only
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Anywhere around the world visit novel duddy you today at the
0:55
time of this recording, the block height is seven hundred
0:57
forty, four thousand It's the Bitcoin price 19,000 654 chain
1:03
rewrite days, 847 total public lightning capacity 4240 1.28
1:10
Moscow time. 5088 blocks to the half-inning 95,000 134 and the
1:17
samurai Whirlpool unspent capacity Samurai Whirlpool is a
1:21
coin. Joined our collaborative spend
1:23
it is not a mixing service and the unspent capacity for that
1:26
pool is 4800 87. Got five, BTC Nico, the very
1:33
mystical numbers, very mystical, numbers Bitcoins, new stable,
1:38
going at 20 camera to keep saying it.
1:40
I know I jinxed it last time, I'm sorry.
1:42
Anyways, today I want to talk about the news that came out
1:46
today. You guys are going to be seeing
1:48
it tomorrow but still inflation. Let's talk about the inflation
1:53
numbers. This is the number section after
1:55
all right, inflation, Rose 9.1% in.
1:58
June is the highest It's ever been in 40 years, that is
2:02
absolutely crazy. Consumer price index increased
2:05
9%, one percent from a year ago above the 8.8% and remember what
2:11
the central bankers and all the government institutions were
2:13
saying, oh there's no inflation. It's the supply Chains, It's
2:17
transitory. And it was actually the
2:19
bitcoiners on bitcoin Twitter and a couple other base people
2:22
that caught it, right. And the reason for that is, is
2:25
because it was obvious. They are printing a record
2:28
amount of money. This was the beginning.
2:30
There's the beginning of the experiment.
2:32
This was the way this was the mechanism on which governments
2:36
got away with the lockdowns because if they didn't print all
2:39
that money and would just crash the economy, right from the
2:42
get-go, people would have gotten pissed.
2:44
People would have said, maybe these lockdowns, we should take
2:46
a different approach, but it was like this Collective assessment
2:50
mentality, man. Everyone just like, we have to
2:52
lock down then they attacked politicians that chose not to or
2:56
chose to do it in a different way, like Rhonda Santa.
2:59
So it's like man. It's, it's absolutely crazy.
3:01
But anyways, as you can see, they started typing off the
3:06
money printing. It's starting to go down a
3:07
little bit but dude, look at that.
3:09
It's just a little bit. And look at what's already
3:11
happened to the economy right now, here's the thing.
3:16
I don't know how they're going to deal with this, because back
3:19
in the 1980s and 1970s last time this happened, right was right
3:24
here, right? And as you can see, right, the
3:28
know, the FED interest Right, right?
3:31
They had a lot more power to kind of deal with it.
3:34
And this was, this was the volcker ERA.
3:36
This is the beginning of the Ronald Reagan presidency.
3:39
The end of the Jimmy Carter presidency.
3:41
This was so bad politically for Jimmy, Carter.
3:44
That Reagan come like destroyed it.
3:48
So anyways and it was mainly because of inflation high gas
3:52
prices, right? Very similar to what is going on
3:55
today. So, Volker had a lot more wiggle
4:02
room. He had bigger tools to deal with
4:04
this. He even moved the interest rate
4:06
all the way up to 17%. No!
4:08
Oh, 19%, dude today, right? If you look at how much wiggle
4:13
room they have right, is the federal interest rate, right?
4:16
The last time they Rose interest rates was in 2019, but they only
4:21
Rose them at a peak of two point.
4:23
Three nine percent here. We're at one point two.
4:27
I'm sure they're going to keep raising them but Phil take a
4:30
look at this Chris Chris. Take a look at this.
4:34
This is on a downward Trend. They've never been able to raise
4:38
interest rates higher than the previous time and this trend has
4:43
been happening really sense. Oops, sorry about that.
4:46
This trend really has been happening since let's zoom out.
4:51
This trend really has been happening since 1981.
4:55
The interest rates have Civ Lee gone down, they've never been
4:59
able to raise them higher than previous high.
5:03
So right, if we look at this last time, the government was in
5:08
this situation, back in the late 70s, early 80s, they had to
5:13
raise interest rates in nineteen percent, we are in the
5:16
situation. Again, they've only raised it a
5:19
couple basis points and look at the Mayhem.
5:23
This is cause the economy. So we have we've been saying
5:26
many times on the show Not Economist but we're even worse
5:29
because we're plebs with Bloomberg subscriptions that
5:32
makes us dangerous and because we're in Bitcoin, we've had to
5:37
understand the Legacy Financial system in the Legacy system and
5:40
how it functions. I'm looking at this, okay.
5:43
Now I've asked people much smarter than me when they've
5:45
come on the show Mark Moss dr. Jeff Ross.
5:51
And I always ask him the same question.
5:53
I'm going to ask you guys the same question.
5:55
I don't think they have any more.
5:57
Or, you know, the expression Kick the Can down the road, I
6:01
think they've finally run out of road because I'm looking at
6:04
that, right? They're going to have to raise
6:06
interest rates much higher than the previous High, which was
6:09
back in 2019, it was a 2.4 2%. They've never been able to do
6:16
that, really since the 1980s raise it than a previous high.
6:19
So they're in a pickle right here.
6:22
And remember, what Jack Dorsey said?
6:25
It was about six months ago. After he quick Twitter, he said
6:29
hyperinflation, it's coming soon, right?
6:32
So is this, the cause, is this going to be caused?
6:35
Because here's the thing, guys, the FED has two choices, they
6:39
continue printing money, right? What does that going to do is
6:42
going to bring more inflation? Or write, they continue to raise
6:46
rates, but if they continue to raise rates, they make it more
6:49
expensive for people to borrow money.
6:51
Therefore, crash the fucking economy.
6:55
What are they going to do, right?
6:57
And I'm not talking about a mild recession.
6:58
I'm talking about potentially a depression, right?
7:02
So this is crazy stuff. I know we're not officially in a
7:05
recession yet, I'm calling it. We are already in a recession,
7:09
the official definition for a recession is the mark the GDP of
7:13
the United States have to Contract two quarters in a row.
7:17
I think it's about to be announced not too long from now.
7:20
I think we're going to see a contraction and that puts us in
7:23
a recession. I don't know how the fuck we're
7:24
going to get out of this, bro. That's my two cents.
7:27
I'm just happy. I'm in Bitcoin.
7:29
I know it's acting like a risk on asset.
7:32
I know it's tightly correlated with the NASDAQ and the S&P, but
7:37
I do believe as we approach closer to the having I am
7:41
bullish on a potential decoupling, but I'm not Sure.
7:44
You guys know the deal. We don't spec it on this channel
7:47
that's just my gut feeling Phil, what are your thoughts on this?
7:50
And then we'll pass it on to Chris?
7:53
Oh yeah, no, I I believe, I definitely believe that, you
7:56
know, there's a risk of a mild recession starting.
8:01
That's I think I saw that today in a tweet I'm like, really like
8:05
come on. We, you know, we've been looking
8:07
at these inflation numbers going up every single quarter and, and
8:11
it's like, and now you're sitting there.
8:12
Now, all of a sudden were starting to see The Narrative of
8:14
a mild recession. I just want to go back to a
8:16
point that you made about, you know, kicking the can down the
8:19
road. And and and and the point that
8:21
you made, you said, I think they're running out of Road.
8:23
You know what, I'm going to take the other side of that bet.
8:25
I think they have no can lift. Okay, there's no cat left at
8:29
all. They've got nothing else and to
8:31
your point. Right in the 1980s, they had
8:34
tools, write, they still let me rephrase that they want.
8:38
They had everyone's still believing that the tools that
8:42
they had worked Because they hadn't started QE yet right?
8:47
The kid haven't begun yet. We haven't seen that hockey.
8:49
Stick formation really got started yet so I think that you
8:53
know, essentially one of the reasons why these tools don't
8:55
work is because QE really has nothing to do with the economy.
8:58
I know that we like to pretend that adding more money to the
9:01
economy helps. But I think we're clearly seeing
9:04
that it doesn't really to me, what?
9:07
QE is, it's more about keeping certain people in power and I
9:11
just don't think that I'm the only one that really thinks that
9:14
That you know, that really thinks this the other piece
9:17
about this is the CPI, right? The, the 9.1% number.
9:21
Look media, Nico and Chris, I have been following the
9:26
corporate owned media, okay? So, I went and I spoke to my gas
9:29
attendant this morning and I said you better lower the
9:33
prices, okay? Spoke to the gas attendant then
9:36
they had me call. Then they had me, call the owner
9:38
of the gas stations. I spoke to them too.
9:40
And I said you guys need to lower the prices you need to do
9:42
what the president said. Nobody listened to me, I don't
9:46
know why. I mean, look, it's possible that
9:48
it's possible that that there's just not the source of that,
9:51
okay? So then I figured I would send
9:52
an email to the Russians. So I sent an email to every
9:55
single person in Russia. And I said, why are you making
9:58
the gas prices? Go up?
9:59
I still did not get a response. Look, I'm just going to throw it
10:03
out there. I don't think it's the people at
10:04
the gas pumps. I don't think it's the companies
10:06
that own that, that own the means of production for gas
10:10
production. I think that this is a giant
10:12
scam because we're printing Money like crazy.
10:15
People are losing faith in the dollar, okay?
10:17
And at the same time, what's really happening is we are
10:21
seeing the biggest debasement that we have ever seen in
10:25
history. Or its corporate greed.
10:29
I don't know, maybe it's corporate greed.
10:31
I don't know. Chris, what are your thoughts is
10:32
this a corporate greed thing to should I start trying to call
10:35
people in Russia again? I don't know what to do.
10:38
I think you got to go to the man up top, you gotta call Biden and
10:40
be like, hey, I talked to him, they're not following your
10:42
orders boss. What's going on here?
10:44
No, I mean, we're guilty of doing this at Bitcoin magazine.
10:48
The CPI numbers are a lie, so I know we're bringing up 9.1.
10:52
It's actually much much worse. I hate to be the bearer of bad
10:54
news Shadow stats. When I was just looking This
10:57
morning, I think it was like, 18 percent if you're looking across
11:00
all assets and they do a much fairer job in my opinion, it can
11:03
be much much worse if you're looking for a home, it's much
11:05
higher than that. If you're getting talking about,
11:07
strictly gasps it's much higher than 18% year-over-year and it's
11:12
very interesting. Do you guys follow the Chaplet
11:14
index? It's like a different basket of
11:15
goods. They try and model it right now.
11:17
Their websites been down for a few months.
11:18
So I'm not putting my tinfoil hat on but you cannot get to the
11:22
website right now. It is blocked from going to the
11:23
chapel and x.org that's actually really interesting because The
11:27
last time I saw the chaplain index, I was, you mentioned this
11:30
and I'm like, wait a second. I haven't looked at that in
11:33
almost a year. That could be.
11:34
Why good just haven't heard of it.
11:37
Maybe you think they're having problems with the data?
11:39
You think you think maybe the data is too skewed?
11:42
I don't think they can let the whoever they is, they can't let
11:45
that data. Get out to the people.
11:47
So they're suppressing it or whatever it may be.
11:49
Remember guys, there's no conspiracies but there's also no
11:53
coincidences, right? So yeah man, it's Total clown
11:58
world and one that one last note about, you know, the government.
12:02
It dude, they're the cause of inflation and then their Bank,
12:08
they're blaming the productive people.
12:12
Rather than taking responsibility themselves and
12:14
that's the part that pisses me off the most Powell hasn't taken
12:17
responsibility. Christine Lagarde hasn't taken
12:20
responsibility, the head of the IMF, kind of took
12:24
responsibility. We played you the video where
12:26
she's like maybe we printed too much money Jerome Powell and
12:31
Christine Lagarde. We're looking at her like we're
12:34
gonna suicide you like it sits. Yeah this is a this is some
12:39
crazy stuff and I am getting a Out of Weimar Republic Vibes,
12:43
you know, especially if you study a little bit of History, a
12:47
lot of similarities are happening.
12:49
I don't know what's going to happen, but I do know this, if
12:52
your money is in Bitcoin, it can't be debased and it can't be
12:56
easily confiscated anyways. Phil it's time for the Daily
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European store is now open. All right, everybody check this
13:30
out. It's it's, you would say it's
13:33
some noise, I think it's signal, especially if you get the simply
13:38
Bitcoin opinion, Brazil's largest payment App to enable 65
13:44
million users to buy Bitcoin. Now, I did see a little bit of
13:48
research according to Triple Dash A.I. 049 4.9 percent of
13:54
Brazilians own cryptocurrency. That's estimated to be around 10
13:58
million people, right? 40% of crypto holders are 20 to
14:03
25 and time isn't moving backwards.
14:06
So that should be a very good number.
14:08
And again, right Brazil's largest payment, It's apps to
14:12
enable 65 million users, right? You could pretty can make a
14:16
pretty big bet that at least 5 to 10%, right?
14:20
They wouldn't be enabling this. If they didn't feel like they
14:23
people wanted to buy it going on their platform.
14:26
Now the part that kind of bothers me, but I don't think
14:30
it's that bad of news, right? Is at the bottom of the Bitcoin
14:34
magazine article. Shout out to you Chris and all
14:37
their friends, a Bitcoin mag. It is unclear.
14:40
If users will be Able to withdraw their Bitcoin, that's
14:44
not good. But before you get your panties
14:47
in a bunch. Remember that?
14:49
PayPal. And Robin Hood did the same
14:52
thing. They enabled Bitcoin and Bitcoin
14:55
withdraw, a purchases on their platforms.
14:58
But initially they didn't enable withdraws.
15:02
PayPal even said, we hate Bitcoin.
15:04
It was it was like one or two years ago.
15:07
This isn't the beginning of Simply Bitcoin and we accurately
15:10
predicted that. Because of Market forces, they
15:13
were going to be forced to sell Bitcoin and eventually they're
15:17
going to be forced to enable withdraws, and that's exactly
15:21
what happened. I suspect with this app,
15:24
perhaps, they're going to want to keep people on their platform
15:27
selling. Big paper Bitcoin is very easy,
15:30
right? Actually having to allow
15:32
withdrawals as a whole other story as all the shit coin
15:35
platforms, found out recently like Celsius and block Phi and
15:39
you know baffle and all those other platforms.
15:41
That's topped with drawers. I think that market forces are
15:46
also going to force this Brazilian platform to allow
15:50
withdrawals eventually. And I think it is striking, bro,
15:53
because if you believe that data around 10 percent of Brazilians
15:56
on bitcoin, I think this is the largest payment app in Brazil.
16:00
It's bigger than PayPal and venmo in Brazil.
16:03
So, I suspect that this is going to definitely at least Add the
16:10
option, right? And I think it is going to add
16:11
people, so, we shall see, but I am a little bit, cause I am a
16:16
little. I'm cautiously optimistic, like
16:17
Phil always says, because they aren't adding withdrawals
16:20
initially, I am just so you know it's interesting that you bring
16:29
up that point, right? It's like yeah you know PayPal
16:31
didn't do it at first, you know, Robin Hood didn't allow
16:34
withdrawals at first. Okay.
16:35
So look, I, you know, I always, I think I take a more negative
16:38
stance than you on certain types of these things and for me I
16:42
just think because I always think everybody's twirling the
16:44
moustache has in his evil. Okay, that's I'm sorry.
16:46
Sorry. Not sorry, it's just how it
16:47
works. For Phil.
16:48
But, but look, I think that these, I think that these
16:51
corporations do this because if they can get Wait, like because
16:54
and again, it has to do with the minimum viable product, okay?
16:58
Hear me out. A lot of companies will build a
17:00
product, the minimum viable product, they'll get it out into
17:03
the field, right? And then essentially based on
17:06
user feedback, they'll start to add features or polish features,
17:11
okay? So what if nobody asks for
17:14
withdrawals, what if everyone is so happy with the counterparty
17:18
and the counterparty risk that they don't ask for this?
17:21
Well, we don't have to enable that feature Brazil, you today.
17:26
Brazil doesn't have a stable fiat currency like the United
17:31
States, trust me, because of necessity, people are going to
17:35
want that custodial aspect. Okay, so so you're betting on
17:39
your betting, on them wanting the custodial aspect, right?
17:42
Yes. Because America and people
17:44
they're like, government money. It's not like here.
17:46
It's like a PayPal. No, no people.
17:48
There government, the West is learning their experience.
17:51
Now, with inflation, I guarantee you that if we have two, three,
17:54
four, more years of this, that is the best marketing Bitcoin
17:58
has ever received, okay? Because it's not like, oh, 21
18:02
million hard to confiscate any of the talking points that we
18:06
usually use in the Bitcoin Community.
18:07
It's like, no, no, no. It's like, dude, there's only 21
18:11
million, it can't be the bait. Based DACA, you know, and I
18:15
think it's totally different over there.
18:17
Anyways, Chris go ahead. Phil, you want to finish up?
18:20
Yeah, I just wanted to finish up by saying, I totally agree with
18:23
you that the people are going to demand it.
18:25
My point. Was that the corporation's?
18:28
If they the corporation's, won't add the feature?
18:31
Okay, if no one cares it showed. So to your point Brazilians and
18:35
he Brazilians that are watching this Brazilian bitcoiners you
18:37
plan on using this, make sure that you let them know you want
18:41
to take self custody. Yeah.
18:43
Make a Ruckus. It's true make a Ruckus anyways.
18:45
Chris, what are your thoughts on this brother?
18:48
I think the market always wins. I mean, look at even just China
18:52
with the miners like they had 40% or 50% of the hash rate.
18:56
Then China's made a harsh ban like outlawing, all minors and
18:59
the incentives are so strong. I think Nico and fill you guys
19:02
have brought this up multiple times on multiple shows.
19:04
The incentives are so strong that it's worth facing jail.
19:07
Time huge fines that there's a still they estimate about 20% of
19:10
the hash rate is still in China. Obviously.
19:12
Underground and they're not dachshund themselves, but I
19:15
think the incentives are going to be too great.
19:16
I think exactly your points. PayPal and Robin Hood, didn't
19:19
have those features and the people demanded it.
19:22
I know, Brazil, they're going through some tough times.
19:24
I don't know as well politically, but I know, just a
19:27
couple months ago, they were thinking to try an outlaw.
19:29
I think it was like, P2P encryption, and we have a couple
19:32
colleagues there that luckily, the people were so outraged by
19:35
this that they fought back and in the law was actually struck
19:38
down but it was kind of one of those things.
19:39
It was fly-by-night kind of bills and they thought it was
19:41
going to go through and 40. Hours.
19:43
And there was like, riots in the street and people were very
19:45
upset. Like I said, we have a couple
19:46
colleagues at Bitcoin magazine there that were like, hey, this
19:48
is not good and we definitely talked about it and luckily, the
19:51
people one, and the market one because people are like they do
19:54
not want more surveillance already that they have in their,
19:57
in their country. It's crazy that these
19:59
bureaucrats get to make these decisions and they feel
20:03
emboldened enough to just sneak, all this legislation in like,
20:08
without anybody looking. And that's exactly what they did
20:10
with the infrastructure, that's what they did.
20:12
With including Bitcoin and shit coins in the must pass
20:16
infrastructure. Bill the first one, not the
20:19
build back better that failed but the first one yeah, it was
20:23
added last second. I know Bitcoin policy Institute.
20:27
I know you guys have Bitcoin magazine and we did a small
20:30
part. We were a lot smaller back then,
20:32
you know, we fought that so hard, but it wasn't enough due
20:35
to one Senator. And he was Republican, by the
20:38
way, I think, is Senator Shelby. Anyways, moving on So we covered
20:45
this yesterday on yesterday's episode, but we had the episode
20:49
ready. It was a banger but the audio
20:52
got the synced. So we're back at zoom.
20:54
We're going to make the full transition to restream.
20:57
It's going to take us a little bit Phil and I it took us a year
20:59
to get used to zoom and you know whatever so bear with us
21:03
everybody. Anyways I'm gonna cover it
21:04
again, Bitcoin miners is a Bloomberg article Bitcoin, miner
21:08
shut as Texas, power grid. Nears Brink, remember what
21:12
they're saying. In the beginning, when Bitcoin
21:14
miners were fleeing their due to the China ban, they said this
21:18
was going to destroy the grid but the exact opposite happened.
21:24
They turned off when energy is necessary, but the part that I
21:28
want you guys to focus on is why is Texas has energy grid so
21:35
delicate? What is going on there?
21:37
I'll give you a hint. It's very similar to what is
21:39
happening in Germany. Nearly Industrial scale Bitcoin
21:44
miners in Texas have shut off their machines as the company.
21:46
Brace for a heat wave that is expected to push.
21:49
The state's power grid near its Breaking Point miners such as
21:53
right blockchain Argo blockchain and core scientific cooperate.
21:56
Millions of energy, intensive computers to secure the Bitcoin
21:59
blockchain Network and earn rewards in the token flock to
22:02
the loan starts State. Thanks to its low energy costs
22:05
and liberal regulations on, crypto mining.
22:07
The state has become one of the largest crypto mining hubs by
22:10
computing power in the world. There are Are over 1,000
22:14
megawatts worth of Bitcoin. Mining load that respond to are
22:17
cots conservation, request by turning off their machines to
22:20
conserve energy for the grid. Lee Batcher.
22:22
President of Texas blockchain counsel told Bloomberg and an
22:25
email response. This represents nearly all
22:28
industrial skill, Bitcoin mining load in Texas and allows for
22:31
over one percent of total grid capacity to be pushed back onto
22:35
the grid for retail and commercial use.
22:37
The operator has been working with Bitcoin miners who are
22:40
required to turn off their mining machines.
22:42
When the state Aces energy, shortages.
22:45
Now, I want you guys to focus on this last paragraph.
22:47
I'm going to read it twice because it literally makes me
22:49
want to pull my hair out while. Texas is likely to face more
22:53
energy shortages in the future or Cod expects crypto miners to
22:57
increase electricity Demand, by up to six gigawatts by mid 2032,
23:03
2032 2023. More than enough pop, more than
23:07
enough to power every home in Houston.
23:10
Now, there's something called framing, especially when you're
23:12
writing. In a news piece, like this right
23:15
think about all the things that they're trying to make seem like
23:20
one has to do with the other, right?
23:21
So the first sentence says, while Texas is likely to face
23:25
more energy shortages in the future, Earth Caught expects
23:29
crypto miners to increase electricity Demand, by up to six
23:32
gigawatts by mid 2023. Do you see one part has nothing
23:38
to do with the second but because they put it in the same
23:41
paragraph. You're like huh, what's going on
23:44
here? And then to add the cherry on
23:46
top. It says more than enough to
23:49
power every home in Houston. So again, one doesn't have to do
23:54
with the other. Now why is Texas likely to face
23:58
more energy shortage in the future?
24:01
Because they bought into the renewable energy garbage.
24:05
Check out this article. Also by Bloomberg, a key, sort
24:11
wind power. A key source of electricity in
24:14
Texas is being sidelined. Just when the Lone Star State
24:18
needs, it most with turbines generating less than a Tenth of
24:23
what they're capable of a scorching Heat Wave is pushing
24:27
the Texas grid to the brink power demand is surging as
24:30
people crank up air conditioners but meanwhile wind speeds have
24:34
fallen to extremely low levels and that means the States Fleet
24:39
of turbines is just at 8% of their potential output.
24:44
So it's not Bitcoin mining, that's causing problems in.
24:51
Texas is energy Grid. It's their bet on very
24:55
expensive, wind farms that are not 100% reliable.
25:00
Why they not 100% reliable? Why is renewable energy?
25:04
Except for hydro not 100% reliable.
25:07
Why? Because you can't choose when
25:11
there's wind, and you can't choose if it's a cloudy day or
25:14
not, you can choose if it's rainy day.
25:16
If it's a rainy or cloudy day, guess what those solar panels?
25:20
They're fucking garbage. They're a paperweight.
25:22
That's what they are exact. No, better said there are very
25:25
expensive paperweight. So, I hate the framing, I think
25:31
it's absolutely dangerous. This type of logic is what made
25:36
New York state, New York state banned Bitcoin mining.
25:38
This is the type of logic that has made Germany.
25:42
One of the most expensive places for a residential electricity 34
25:47
cents, per kilowatt hour on average in the United States
25:50
it's 10:45 Why is Germany paying 34 cents per kilowatt hour
25:57
because they bought, and they drank the Greta thumb Berg
26:01
Kool-Aid. And they thought, okay, nuclear
26:05
energy and everything except wind and solar is bad for the
26:09
environment but reality smack them in the face.
26:13
When the majority of the natural gas, they still had to buy from
26:16
came from Russia. Hmm.
26:18
And you know what, they just had to turn on their coal plants
26:22
again and you know what? Add the cherry on top to see how
26:25
hard reality is smacking in the face.
26:27
The European Union just check this out just to clared that
26:31
natural gas and nuclear energy is green.
26:35
Yeah, shit is green when you're in trouble, huh?
26:38
Anyways, this is just stupid. I think this is just cheap moral
26:42
virtue. The reality is, as much as I
26:46
want. Renewable energies to be a good
26:48
source of power. Reality is not showing that when
26:53
Doesn't blow 24/7. As is being shown in Texas and
26:57
sun doesn't shine, 24/7 either. And Battery to Battery
27:02
Technology isn't even coming close to the amount of fast and
27:06
to add the cherry on top of that and then I'll shut up.
27:10
Okay, is this Bitcoin mining actually incentivizes renewable
27:17
energies because let's say with solar right?
27:20
The base power demand is at night usually between 3 to 9
27:26
p.m. when people come back from from work that is when sun is
27:30
not the brightest right when it's on the brightest.
27:33
Usually during the day when power demands are actually,
27:36
they're not low but they're not as high as nighttime demands,
27:40
right. So who buys that power during De
27:43
Bitcoin, miners, Bitcoin, miners are the buyers of Last Resort.
27:47
So Bitcoin mining actually incentivizes renewable energies
27:52
without relying on government subsidies.
27:55
But these Climate Maniacs would rather attack It.
28:01
Anyways, Phil, oh my gosh, great, great work with with that
28:07
reporting. Okay, look, so yes, yesterday,
28:09
we did cover this, and I want to make the same point I made
28:13
yesterday and hopefully people, you know, viewers in the chat,
28:17
can correct me if I'm wrong or provide a different angle to it,
28:19
but I see it's coming in as simply as this at least a part
28:23
of it is going to be a simply as this if there was that much
28:26
demand. And on the Texas grid, right?
28:28
If there was that much demand, this would force the price of
28:32
the electricity to go up and therefore, it would price the
28:36
miners out of the market and they would seek an alternative
28:41
place to go in mind. So right there, we know that
28:45
this is not a Bitcoin problem. This is a problem that comes way
28:48
before Bitcoin, the other piece to this is is that has anybody
28:52
ever taken a look at what these wind turbines are made of the
28:55
materials that? Girls that go into producing all
28:58
of this. I used to work for a chemical
28:59
coating Factory, okay? Almost every single thing out
29:02
there that you see from Street lamps, all of this stuff gets
29:05
coated in a special material that you you wouldn't guess it.
29:09
I know everybody's going to be shocked.
29:11
It's base is oil, it's a paint. It's made of oil.
29:16
Anyways, so you have that piece of it as well.
29:20
The other thing that I wanted to mention, okay?
29:22
About this is, is this right here.
29:24
Okay, the wind turbine. It can be longer than a Boeing
29:28
747. Okay.
29:30
So there's tens literally tens of thousands of these aging
29:34
blades, okay? That are coming down from steel,
29:36
towers around the world, okay? And most of them have nowhere to
29:40
go, but the landfills, okay, there's approximately 80, sorry,
29:45
8000, okay that are going to be removed in the next four years
29:50
and they are all going to end up in landfills.
29:53
So, this makes this makes No sense.
29:57
These ESG proponents. Okay.
29:59
They are literally dripping in oil, okay?
30:02
And they don't even know it is the most hypocritical psychotic
30:07
crap I've ever seen and of course, why do they pick on
30:11
bitcoin, right? Why do they pick on bitcoin?
30:13
They pick on bitcoin because it's transparent because there's
30:16
no leadership. That's why they pick on bitcoin.
30:20
Absolutely. Chris what are your thoughts,
30:22
brother? Yeah, I was gonna say Nico if
30:26
you didn't bring up that the EU just said to their benefit, not
30:29
natural gas and nuclear are. Now green technologies.
30:31
I was going to say your dispelling fun out here by only
30:34
saying Hydro but I think it's really funny that they pick the
30:37
narratives that they want to select when it's good or
30:39
convenient for them to that point to.
30:43
I mean I have an energy background that was actually
30:44
what I was doing before. Oh they claim.
30:46
How did I do? Describing all of that.
30:49
You did a really good job and I think Phil hit a really good
30:52
point too. That that the blades are all
30:56
made from petroleum products and to your point when the life
30:59
cycle of a wind turbine at least on average is probably 25 to 30
31:03
years. That's not.
31:05
If last year when Texas got hit with that help storm, a bunch of
31:08
those blades, got bent and mangled that basically, they
31:12
were only a 15 years old and they basically had to get
31:14
removed because they're completely broken.
31:16
It blew up a lot of the turbines that were running those wind
31:19
farms. And basically, they're really
31:21
bad for the environment. Not only does it take oil To get
31:23
them out of the ground, to manufacture them to transport
31:26
them to your point. Bill.
31:28
After you've already used the oil, to create those High
31:31
synthetic resins or polymers, to make those wind blades.
31:33
The last place they go is the landfill or into the ground and
31:36
they don't decompose, they're not like natural to the
31:39
environment, they're really harmful to the environment.
31:41
And then that's not even excluding the ESG, folks, or was
31:43
like, oh, this is better for the environment.
31:45
You have to destroy a habitat of many animals, whether they're
31:48
owls snakes birds bees, whatever it may be on top of killing
31:52
birds. That it messes with their
31:54
sensory when they're flying that when they the wind that it
31:57
repels causes them to lose their debt depth perception.
32:01
Basically when they fly into the wind tunnels of those things
32:03
they they're crashing them. They crash into the ground and
32:06
it kills a lot of birds that way on top of there's also been
32:09
studies in humans that it causes people to go insane because of
32:12
the whirling of the blades. If you're in a population or
32:14
mirror people that live near those wind blades and actually
32:17
they say that they causes people to go insane because like the
32:20
white noise of the blades constantly in the background.
32:22
So yeah, they're Not really a net benefit to the environment.
32:25
It costs actually uses more oil to create them and produce them.
32:28
They go in the ground, they're harmful, they're just not.
32:31
Like, if you're being honest, you're not being fair by
32:33
comparing what the damages they do comparing to oil and gas.
32:37
Yeah, 100 just destroyed the wind turbine narrative.
32:40
Totally did totally did and I'm just happy that I got all that
32:44
energy stuff, right? And we had we had Chris to fact,
32:48
check me so to speak. That's right.
32:50
That's why I pledge with Bloomberg articles are Freaking
32:53
dangerous, the central Bankers stand.
32:55
No chance. Anyways so it's time for the
32:58
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The link is down below. All right, so I actually
33:22
originally a Today, I only had one fail, we were just going to
33:25
look at the ridiculous garbage. That is eggs are p and and then
33:30
all of a sudden, all of a sudden, I saw this great article
33:33
that popped up about aetherium and essentially the the active
33:38
addresses. So I pulled it, I pulled an Eco.
33:41
Okay. I went into our glass node and I
33:43
found the chart for the Bitcoin active addresses, and lo and
33:47
behold. There's something off with the
33:51
with the eith narrative anyways. Going to we're going to dive
33:54
into this and you guys are gonna let me know what you think, here
33:57
we go. Let's let's take a look here.
33:59
So let's see. A theory M's active addresses,
34:02
hit a two-year low amid the market sell-off, hmm, really?
34:09
I thought it was ultrasound money.
34:11
Anyways, with the Global Currency sector suffering, a
34:14
major sell-off. That is resulted in its market
34:17
capitalization dropping to eight hundred eighty three billion.
34:21
Far below the two trillion it had regained.
34:23
Back in March, the on chain activity of aetherium is
34:27
recording a dramatic decline as well.
34:30
Indeed, the number of monthly unique active addresses on the
34:35
ethereum blockchain has reached the lowest level since June
34:40
20th, 2020. And here we go.
34:42
We can take a look at the quick coin metrics chart and we can
34:45
see that drop. So I mean I may be
34:48
misinterpreting this but it just seems like less people are quote
34:53
unquote. Holding this ultrasound money.
34:55
That has no hard cap and no verifiable circulating Supply,
35:02
but maybe I'm wrong, you know, maybe I'm wrong about this.
35:05
Let's go take a look. You know what?
35:07
Maybe the same things happening with Bitcoin who knows.
35:10
Well unfortunately, the Bitcoin narrative is a little bit
35:13
different because what's happening is is that the number
35:15
of active addresses. As you can see, from its
35:18
Inception, has only been climbing so that It is a little
35:23
bit alarming and I just want to finish this off with, with the
35:28
last piece before we start talking about.
35:29
This is this and this is what always pisses me off about the
35:33
disingenuous East Hills. Okay.
35:35
Keep in mind, this article about the active addresses is a day
35:40
old, okay, a day old, but then let's go take a look.
35:44
Let's go take a look at this tweet from Ryan, Sean Adams,
35:47
who's, you know, a neat shil and what does he have to say, eat
35:51
the still ultrasound money? Nothing changed except the price
35:55
well no actually something did change.
35:58
Except the price, the amount of active addresses on a theorem
36:04
that are being used, that's what changed.
36:07
So, no, it's not. Just the price people should be
36:11
worried because the reality is, is that when the market starts
36:15
to Crater, okay? When the market starts to Crater
36:18
and everybody's done feeling great about the, the The
36:23
technology trap, the partnership parades, all of that stuff.
36:27
You start to look at your shit coin and you think to yourself?
36:31
Why am I holding this? Now granted, there's a whole
36:34
bunch of bag holders that are waiting for proof of stake.
36:37
There's approximately thirty three billion dollars locked in
36:40
a chain that cat move. It all, maybe that's worrying
36:44
people, maybe that's worrying. Some current, you know, some
36:46
people that are hurt holding current Ethan and they're trying
36:49
to hedge their bets and they're saying, you know what, maybe I
36:52
shouldn't be This because the bitcoiners are right, there is
36:55
no hard cap. There was a 70% pre Mine Jeff
36:59
Bezos actually does host the majority of the nodes, through
37:02
Amazon web services. So indeed it is centralized and
37:08
maybe just maybe this is not the ultrasound money that they
37:12
touted to us. I don't know, but I got to tell
37:16
you this for me, that was a huge piece of signal that.
37:19
I think a lot of people are ignoring, if it's so good.
37:24
And if what they're saying is true, then why are the eith
37:28
active address is dropping? And are actually, they haven't
37:32
seen these lotions 2020 and yet we're seeing, you know, Bitcoin
37:36
had a, you know, a massive Fiat price decline and yet we're only
37:39
seeing the number of active addresses on bitcoin growing.
37:44
So I I have to wonder and I'll go to Nico first.
37:50
What are they get? I mean, what are we?
37:52
What are we missing here? I mean to me it just seems like
37:54
more people are realizing that Bitcoin actually is sound money.
37:58
Yeah dude man. I don't know what better to say
38:05
rather than just look at those numbers, right?
38:08
The number of Bitcoin addresses with Point 01, .11 Bitcoin,
38:14
continue to go parabolic. New whole corners or being
38:17
minted every single day. The amount of active Bitcoin
38:22
addresses is stagnant or even going down, right?
38:25
Not to mention the fact that if you hold a lot of etherium, you
38:30
should instead of having a portrait of italic over your
38:32
bed, you should really have a portrait of vitalik and Jeff
38:36
Bezos. And on top of that, you should
38:38
really have a portrait of Klaus Schwab in there as well because
38:42
we know that are me, iguchi sitting on the theory of chair,
38:46
if you're in Foundation is a member of the world economic
38:48
Forum. So just have those three A over
38:50
your bed have you know Klaus Schwab on the left and Jeff
38:55
Bezos on the right and metallic in the middle because, you know,
38:58
you would like that anyways. Chris, what are your thoughts?
39:01
Yeah, I mean, if you're thinking from first principles, if the
39:04
area is not ultrasound money, it was 70 permit, 70%, pre mind,
39:08
there's like a central company or developers that are there.
39:11
If it's so ultrasound. Why does the theorem Foundation
39:14
whole Bitcoin? Because they're the really
39:15
running the Affinity scam. In the wise words of say 15 he
39:18
said recently the theorems the There asshole that all shit
39:21
going spew out of. So, it's basically they're
39:23
trying to Affinity scam people for their money.
39:25
That is Bitcoin. They are smart, they're not
39:27
stupid. They're they're stupid in the
39:29
sense that they're scamming people.
39:30
I don't like that. But yeah, they hold Bitcoin on
39:33
their balance sheet because they know Bitcoin is a better money.
39:36
And I think Phil brought this up months ago that the goal is to
39:39
always keep the theorem is price.
39:41
Very very high and then you Affinity scan by creating all
39:44
these other bullshit shit coins on their platform that you know
39:48
okay we're going to list this new token on coinbase.
39:50
First. We're going to sell it off who's
39:51
getting dumped on retail while they're selling and they're
39:53
keeping the theorem price High because it's like look Network
39:56
usage. I think it's very dishonest.
39:59
I think it is horrible what they do and I think just buy Bitcoin,
40:03
be safe. I come from my background or my
40:06
personally. I know a lot of the eith
40:08
community is dunking on bitcoin Maxis or bitcoiners saying you
40:12
guys are calling for the SEC to regulate us or to attack us.
40:16
I couldn't be further from the truth.
40:18
I don't care if the SEC does their job or not.
40:20
A shitty job. Anyway, I don't need more
40:22
government regulations. I'm just letting people be
40:24
warned about what's going to happen and what III really is,
40:28
you know, times on our side is bitcoiners.
40:30
I'm not worried what the SEC does.
40:32
They're not doing a good job as it is, and we don't need more
40:34
regulations to come in. They're going to try and
40:36
Affinity scam people, but after one cycle of the bear Market
40:39
going down, you know, now people can say this a lot of these
40:42
altcoins have fallen 90-95, 99%, 100%, whatever it may be.
40:47
A lot of them were built on aetherium and Bitcoin.
40:49
Yeah, we've seen a drop. Of 75 to 80% but we're still
40:52
around. We're still kicking to Nico, and
40:53
fills points. The addresses of Point 1, point
40:56
0 1 and 1, Bitcoin are still going up while all these other
40:59
coins are falling or failing. So that's just my two cents on
41:02
all of it. Beautiful.
41:05
Absolutely. Yeah, absolutely.
41:06
Beautiful men, very well said and and tear and to your point
41:10
right about, you know, essentially about the the quote
41:12
unquote, see, you know, etherium ecosystem.
41:15
So, look, let's just be clear to what Chris said.
41:18
We don't, we don't give a shit, the SEC.
41:20
All These are organizations, they don't have to do anything.
41:22
This doesn't change. The fact that aetherium is the
41:26
biggest Affinity scam for which all of the other Affinity scams
41:30
come from. Okay?
41:32
The SEC doesn't change that. All of these regulatory
41:34
organizations doesn't matter doesn't matter.
41:36
Even if they were to sit there and tell you oh yeah you know
41:38
this thing is legitimate, it's not, it's not legitimate.
41:41
We've actually even shown the video where you have jet McCoy.
41:45
Sorry were you have Joe? Lubin, that is explaining how
41:49
the investors. Can maximize their profits
41:52
through purchasing, the pre mine.
41:54
You're being freaking scammed anyways.
41:57
Anyways, moving on, moving on to another scam.
41:59
That is equally as cringe. And just this terrible.
42:03
Here we go, let's take a look. That's right guys, as you could
42:07
imagine, it's xrp Army time. Here we go.
42:10
Here we go. Okay, so let's go back in time.
42:13
We're going to go back to June. Okay, did ripples co-founder Jed
42:17
McCaleb. I'm just inserting his name
42:19
there. So you know for reference Since
42:21
the fall and withdrew his xrp investment.
42:26
Now, we've talked about xrp in the past we've explained, and
42:30
shown how they essentially Ripple Labs dumps, the xrp onto
42:36
the market to keep the lights on in to fund development.
42:38
And one of the most beautiful parts of this is that the bag
42:42
holders are have actually convinced themselves.
42:45
That this is a proper use case and and that that makes sense
42:49
that Ripple Labs dumps on the bag holders to keep the lights
42:54
on. They actually say this is good.
42:57
They're funding development anyways.
43:00
Good luck to you guys, here we go.
43:02
Let's let's continue diving in. Here we go.
43:04
So this was back in June McCaleb.
43:06
Sold another 19 million, or four point one, three million worth a
43:09
last month and whale alert believes that the rate may
43:12
increase this year as the agreements limiting.
43:15
His xrp sales. Expire I want you guys to To
43:20
listen to that, okay? There was an agreement limiting
43:25
how much the co-founder of the shit coin can dump on the market
43:29
because that's right they don't want to scare away all the
43:32
little bag holders that believe in all this.
43:33
Okay? Anyways here we go, McCaleb
43:36
created the mount gox, exchange and co-founded Stellar Lumen,
43:40
which is a shit coin Fork of xrp.
43:43
He also co-founded one coin in 2012, which later became Ripple
43:48
and was allocated 9. Point five billion, xrp, when
43:53
and this is another piece of signal right here.
43:56
When the hundred billion Supply was pre mind.
44:02
I repeat that again hundred billion Supply, their whole
44:06
Supply was pretty mind-blowing thing.
44:09
Anyways, the xrp price plunge 40% in the 24 hours after he
44:14
announced his intention to sell all of his Holdings in 2014.
44:18
Well, we can't have that, he didn't negotiate it, a seven
44:21
year agreement with ripple centralized entity that controls
44:25
xrp that limited monthly and annual sales.
44:28
Oh how nice, that's really nice of them.
44:30
The agreement. Allows McCaleb to sell 1
44:32
billion. Eggs are p in the sixth year of
44:35
the agreement and two billion xrp, in the seventh, whale alert
44:38
said that by their count, we are now in year 7.
44:43
Okay? So, the biggest bags are being
44:45
dumped right now. McCaleb sale of xrp tokens is
44:48
continued in the later months as well.
44:50
Ripple's price, surged briefly over the positive news reports
44:54
about the launch of a new product that uses xrp that's par
44:58
for the course with shit coining.
44:59
If x rapid the new Liked gains traction with the bank's, then
45:04
it will increase X RPS liquidity and valuation in crypto currency
45:08
markets, but the news boosted, the lasted only over the
45:13
weekend. Oh my gosh.
45:14
We're so surprised just the pump and dump no way and the world's
45:17
third most valuable shit. Coin token has shed as much as
45:21
40% of its gains that was June, okay?
45:27
Now, we're going to finish it off with this piece right here.
45:30
Here we go. This was yesterday.
45:32
This is July 12, 40 million, xrp, sold by Jeb McCaleb in the
45:36
last seven days finish is almost here.
45:40
He's almost got his bags. Dumpy just, just need to hang on
45:43
to your bags a little longer. All right?
45:45
According to xrp, scan, Jeb, McCaleb, co-founder of Ripple
45:49
labs and its former CTO has less than 14 million.
45:51
Xrp left in his wallet, in just the past seven days McCaleb has
45:55
sold about Million of the remaining xrp.
46:00
Now we're going to go back here again and we're going to take a
46:03
look now, at pumped back in June, okay, because they
46:07
released a new product. Okay, so let's talk about the
46:11
partnership parade, okay? When I first got scammed into
46:15
shit coins, that was a huge draw for me.
46:18
Of course, this is going to be huge.
46:20
Of course, this token is going to make it.
46:23
Why? Because they've got big
46:25
Partnerships now. Xrp has a Fantastic narrative,
46:28
right? Because their Partnerships are
46:30
with the biggest money creators of all the banks, okay?
46:36
So if you don't know anything about Bitcoin and you don't
46:39
understand why Bitcoin, this this can make sense because hey
46:44
the banks are going to use it. Okay, fine.
46:47
So we've covered sdrs very often in this show.
46:51
Strs are essentially fake money that the IMF creates okay out of
46:56
a basket. It of fake money around the
46:59
world, right? They use other currencies from
47:00
around the world, and then they create this, this, this money,
47:04
okay called sdrs, okay? And that money gets used by
47:08
countries and governments. Okay, to pay down debt and it's
47:13
issued by the IMF. Now, you as an individual, you
47:18
can't actually purchase sdrs. You can't go to a store and use
47:22
sdrs, nobody will buy them off of you these things.
47:27
It literally have absolutely no use case and no capability in
47:30
the real world. They are not censorship
47:32
resistant in any way they do not have any of the qualities that
47:35
we desire out of Bitcoin. So, you say to yourself, why
47:39
would I care about this? And indeed, if you said I
47:42
wouldn't, well, that's right. You wouldn't now take a look at
47:47
your xrp shit coin and realize that you are being fooled with
47:52
the exact same narrative, okay? Look, You want a profit if you
47:58
want to capitalize off of their ex rapid technology, the best
48:02
thing to do is to figure out how to be an investor in the
48:06
company. If you believe in what they're
48:08
doing and you believe that they're going to turn a profit
48:10
from what they're doing but owning their shit coin.
48:15
That is 100% pre mind that took zero work to create that
48:19
provides you absolutely. No assurances to any kind of
48:25
profit or security. Yeah.
48:28
That's a that's a fucking scam. You're just getting scammed,
48:31
you're just a bag holder and they're thrilled that you're
48:33
holding their bags because guess what?
48:35
Your part of what's keeping that price of float, so that Jeb can
48:40
continue to dump his massive bag.
48:43
Anyways, dude, that's my take, hit the nail on the head.
48:47
Absolutely sleigh. Now, I feel like I can't really
48:51
add much to that, because you were so thorough, but I'll say
48:53
this, okay, very simple bitcoiners.
48:57
Don't dump their Bitcoin because they know it's the best Tardis
49:01
money ever created. Their, what are you dumping to
49:05
Monopoly money that some guy in d.c. could print more of, or You
49:12
hold onto Bitcoin camping, debase can't give me easily
49:15
confiscated, clearly, even him being the founder.
49:20
He doesn't feel that way about xrp himself and that completely
49:24
contradicts the marketing that these people are telling you
49:28
that it's a competitor of Bitcoin if they really felt that
49:32
way. And if the theory and
49:33
Foundation, really felt that way, they wouldn't be holding
49:36
Bitcoin. And the xrp guy wouldn't be
49:40
dumping xrp For Bitcoin. I'm assuming right.
49:44
Anyways, Chris what are your thoughts on this brother?
49:48
Yeah I think it's an important point that I don't know if you
49:51
guys mentioned this before, but basically in 2014, he was trying
49:55
to dump his bags that I obviously, read that in the
49:57
article. They actually had the developers
49:59
their core developers of xrp, write a line of code.
50:02
Blocking his addresses from doing so.
50:04
And then they worked out an agreement afterwards.
50:06
And then they opened up his addresses again.
50:08
And they, I think they had like time.
50:09
Lots of preventing it. Let's be honest.
50:11
If he had Nine billion dollars worth of bitcoin.
50:14
He could have dumped it immediately in there's nothing
50:16
you or I or anyone could have done but it's so centrally
50:18
controlled that they're able to stop addresses from going from
50:22
one person or one address to another address.
50:24
That's exactly what we do. Not want in a global ultrasound
50:28
money. That's what Bitcoin is.
50:29
They literally are centrally planned and they want that
50:33
control the best coin for cryptocurrencies are all coins
50:36
or shit coins. Whenever you want to call them,
50:38
is for them to get co-opted by a government and forced people to
50:41
no longer Coin or gold or other Commodities.
50:44
They like they say, like if you have these things will kill you
50:47
or jail. You and we're going to force
50:49
everyone to now, use this cryptocurrency that we now
50:51
control. That's basically what fed coin
50:52
is or that's what any other cryptocurrency wants Bitcoins.
50:55
Not like that. It's opt-in.
50:57
You use it because you want to no one can force you to move it,
51:00
or to send it or to you can, you can sell it if you want.
51:03
You could buy it if you want. Like, that's the free and open
51:05
markets. And that's what I'm in for.
51:07
I'm not for in, for all these other centralized entities, I
51:10
don't need a new drone pal, And I definitely don't need a Klaus
51:13
Schwab. So yeah.
51:14
That's just my two cents on all of it, you know.
51:16
And you absolutely hit the nail on the head, spot on my friend.
51:20
But anyways, Phil, it's time for the daily.
51:22
Mean, review brought to you by Citadel 21st, best Bitcoin
51:25
cultural Xena stories articles Comics by actual bitcoiners
51:29
artwork for volume 10. This is the artwork for volume
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11 and this is artwork for volume to bawling to is almost
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sold out because there's only a thousand physical copies made
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per volume. So get your prints of Citadel.
51:42
Today before they run out everybody, Welcome to the Daily.
51:46
Bitcoin mean review. We review Bitcoin, memes, memes
51:50
play, an essential role, not only a Bitcoin culture but in
51:54
this narrative trench warfare that were fighting every single
51:56
day on the Battlegrounds of the internet against Central bankers
52:00
and governments. Anyways, check out this first
52:03
meme, dude, this is a cheat sheet.
52:05
This is a cheat sheet, sailor, give you all the answers.
52:09
This is all the fun. This is such a good meme.
52:11
I'm going to go, Through all of them.
52:13
Anyways, first one says it's not backed by anything.
52:17
Chad Taylor says wall of encrypted energy.
52:20
Cyber honuts. It's not controlled by anyone.
52:23
That's exactly why it works and what makes it better than Legacy
52:27
networks. Gold is better. 5,000 years,
52:31
gold is only relatively scarce Bitcoin is absolutely scarce.
52:35
Also more durable, devised abble to visible portable and
52:39
recognizable to volatile. Equities have been more volatile
52:43
this year, especially Givens, Bitcoin size governments will
52:46
ban it. Arbitrage criminals will use it,
52:49
it's not Anonymous. It's a public Ledger uses too
52:52
much energy Legacy, Finance uses orders of magnitude, more
52:57
quantum, computers nuclear launch codes and NASDAQ will go
53:00
down before Bitcoin. It's Anonymous.
53:02
It was never an anima sits a public Ledger, moving on, next
53:07
one, by 21 Bitcoin app, Bitcoin dead Tick-Tock.
53:11
Next block I told you Bitcoin is dead cry cry.
53:14
Another block was just mind. Absolutely awesome.
53:17
Mmm. Next one, by Francis pouliot the
53:20
plebs in the wise. Men were, were the only to
53:22
recognize this sign design inspiration for a bill Bitcoin
53:26
project coming next month? You know, it's the Four Kings,
53:29
the three kids, really, really cool.
53:31
Awesome art. I like the means that our art
53:33
sometimes. Next 1 by LC hottel shit,
53:36
Corners want to treat the symptoms of Fiat bitcoiners want
53:39
to address the cause we are not the same.
53:41
I agree. I think.
53:43
And I tweet this all the time. I think a lot of the moral decay
53:45
in society that we see today Is due to Broken money.
53:50
Anyways, next one, guys, you can see, if you can't make this up,
53:56
this is the second time, the world economic Forum, deletes a
53:59
page, they deleted. You can't find it.
54:02
It was like scrubbed off the internet.
54:04
They deleted you own nothing and be happy, they deleted it.
54:07
But that sucks for them because we saved it because we're simply
54:11
Bitcoin. Anyways, moving on.
54:14
So this is how we will make sure law.
54:17
A rich by 2025 this was 2018. And of course, five years of
54:23
ESG, Sri Lanka literally has a Revolt.
54:26
There's people literally taking dips in the Presidential pool
54:30
right now and they deleted it. I wonder why probably the same
54:35
reason why they deleted, you'll nothing and be happy last one by
54:39
McShane. He's coming on the show on
54:41
Monday, evidence suggests Advanced Galaxies have adopted a
54:45
Bitcoin monetary and energy Third and it's zooming into and,
54:49
you know, everyone was doing this.
54:51
This is the famous picture that was released a couple days ago
54:54
by the James Webb, Space Telescope and check this out.
55:00
If you zoom in, those galaxies are actually floating Bitcoin.
55:04
I believe it, I believe it. And if you your deep, if you're
55:08
deep down the rabbit hole, you know, that a lot of that light
55:12
coming from those galaxies is actually energy.
55:15
And when you see energy, You think holy crap?
55:19
They could power. Bitcoin miners.
55:21
Anyways, let's make Bitcoin a multi Galaxy money even though I
55:25
don't know. I don't know if that's possible
55:27
because of the speed of light but it sure does sound cool.
55:30
Anyways for that, I'm going to give it ripped pieces of Post-it
55:35
notes. That's right.
55:36
It's not just one. It's a couple.
55:39
Boom. Boom boom.
55:42
Boom. Bill.
55:45
That's why we don't store our seed on paper anyways, but that
55:50
is an awesome score. Awesome score.
55:51
And you know what, on the heels of that score, I am in Canadia
55:56
right now. So I am going to give it the
55:58
fellow Canadians are going to appreciate this.
56:00
This is a large ice cap, okay? From Tim Hortons.
56:04
And for anyone who has had this, this is like pure coffee
56:07
diabetes. It is, it tastes so good and
56:10
it's so evil. Phil is a good dude.
56:13
He went back to the communist country of Canada because he had
56:18
to be with his family. Now, we have to sneak him across
56:22
the border. One more time, anyways, Chris
56:26
What are your thoughts, brother? Great scores.
56:29
I have this little toddler flushing a little bit coin 2022,
56:35
so he's still enjoying his vacation vacation from going to
56:37
bitcoin 2022. But yeah, the little toddler
56:40
plush toy Lena see, she is awesome, and she makes some of
56:43
the best memes. So, shout out to her.
56:45
She is a creator of the little hudler anyways.
56:48
Guys, we want to know if you agree with our scores, you
56:51
disagree. Let us know down in the comment
56:54
section. Comment, comment, comment.
56:55
And of course. Make sure to subscribe to us on
56:58
alternative video platforms for obvious reasons like Rumble.com,
57:02
our personal favorite Bitcoin tv.com and make sure to join our
57:09
telegram group or almost at 500 people in there, only five more
57:13
people, make sure to join our telegram.
57:15
You can do it, literally takes two seconds, just check the link
57:19
down the description, just telegram, click it, and you'll
57:21
join, it's really easy, and it's free and there's plebs, and you
57:24
can link us Bitcoin memes to You on the mean review.
57:27
And of course if you listen to the audio version of this on
57:30
Twitter spaces make sure to stay until after the show or Jacob
57:34
from Swan and Optimus fields from Simply Bitcoin and Bitcoin
57:38
kindergarten are going to do a live Q&A and hang out and
57:41
Optimist. You're fired because you didn't
57:44
include me in your list but I'll rehire you tomorrow by the time
57:47
you listen to that episode you're rehired.
57:49
That's right Optimist. Anyways Phil it was an open
57:52
source software released today. Why do you tell everybody about
57:54
it? So what's the way releases?
57:56
Brought to you by Cipher safe, check them out.
57:58
Cipher safe dot IO, Nico just showed you what happens to
58:02
paper. You can't go starting your seed
58:04
on paper store your seed in the Cipher wheel or the all new
58:08
Cipher grid. They both come with a temper
58:11
assistant liar. And the grid also comes with a
58:14
punch tool. That's right.
58:15
I don't actually have any of them because I'm traveling but
58:17
you get the idea. Anyways, let's dive into the
58:21
software releases today. We've got Embassy.
58:25
What is it? Embassy?
58:26
Oh. Cos 0, dot 3.14, anybody who has
58:31
the node from start9 Labs. That is the upgraded operating
58:35
system. Check out the link Down Below,
58:38
in the show notes. And guys, don't forget to check
58:41
us out on our Audio. Only platforms Apple podcasts
58:44
Spotify and anchor. If you want to stream a SATs,
58:49
check us out on Fountain dot f m--.
58:51
You could stream of SATs through Breeze and before we end the
58:54
segment, just want to give a huge Shoutout to coin.
58:57
Joined, a who finally found us on Fountain dot f m--.
59:00
Gave us a shout out. Thank you so much.
59:02
We've got cows peeling. Whoo-hoo.
59:05
Honestly, boosts us every single day.
59:07
Really appreciate it. We've got user with some very
59:09
long number that I can't read back and terje.
59:13
So look, thank you so much for all your support.
59:16
It really means a lot to us. Yeah, you guys honestly, you
59:19
keep the lights on. Really appreciate it.
59:21
Thank you guys, for all the love.
59:24
Speaking of keeping the lights on guys.
59:25
Check out. Simply Bitcoins clothing.
59:27
Sponsor represent LTD.com Phil and I wear the hoodies every
59:32
single day. Phil's wearing the simply
59:34
Bitcoin merch that has the orange pill.
59:36
Phil why don't you show them that orange?
59:38
Pill shirt? Right there.
59:39
You see it that orange pill? There it is.
59:42
And I'm wearing that the centralized trust.
59:44
No one exactly. I'm wearing the decentralised
59:46
corpse represent. This ones in green also comes in
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green as well makes awesome merch.
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Very comfortable, very stylish. And you can take advantage of
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the promo code down below to get 10%.
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Represent LTD.com guys, check out Simply Bitcoins blog.
1:00:02
That's right, we're writing shit to help you through the bear
1:00:04
Market. Check out
1:00:05
www.simpleandsensational.com, pirate Beach, bone is taking
1:00:12
care of it and he's a hell of a rider.
1:00:13
So, shout out to him, guys. That was our show.
1:00:16
No. Before we go, I have to give a
1:00:18
special shout-out to her, awesome guest.
1:00:20
The legendary Chris Alamo, he is the master of Mayhem behind
1:00:25
Bitcoin. The in-stream.
1:00:27
He's a multimedia producer. He also does Bitcoin on Twitch
1:00:31
and he is the host of The Amateur investor podcast.
1:00:34
He's going to change that to the amateur Bitcoin podcast, or
1:00:37
perhaps just the Bitcoin podcast.
1:00:39
I don't know. I'll talk about him.
1:00:40
I'll talk about it with him after the show's, guys.
1:00:43
That was the show. If you enjoy this video, Let's
1:00:44
just Smash It. Smash, of course you want to
1:00:48
continue hearing the Bitcoin, use from the police left
1:00:50
perspective. The catastrophic fills from the
1:00:52
same perspective and Bitcoin culture of the memes.
1:00:55
All of that definitely can Siddur subscribing to Simply
1:00:58
Bitcoin and we will see you tomorrow guys for her brand new
1:01:01
episode, the central bankers and the FED have run out of cans to
1:01:06
kick down the road.