Latest / Simply Bitcoin / Why Europe Will Eventually Try to Ban Bitcoin | EP 850

Transcript

Why Europe Will Eventually Try to Ban Bitcoin | EP 850 · Simply Bitcoin

• 0:09
  It's all going to zero against Bitcoin.
• 0:12
  It's going up forever. You're against Bitcoin.
• 0:22
  You're against freedom. Yo, welcome to another episode
• 0:27
  of Simply Bitcoin Live. We're your number one source for
• 0:29
  the peaceful Bitcoin revolution of code breaking news culture,
• 0:31
  matic Warfare. We will be your guide through
• 0:33
  the separation of money and state.
• 0:34
  Speaking of the separation of money and state, today is one of
• 0:37
  those episodes. Yeah, that's right, we put it in
• 0:39
  the title. We saw this with the the Flack
• 0:42
  in in the in the chat. Opti, if you could pull it up,
• 0:46
  if you could be so kind. We are going to make the case.
• 0:50
  That if we as bitcoiners, as Corey wrote in his his very,
• 0:55
  very famous piece, The Race to Avoid the War, if we don't win
• 1:00
  the adoption race, there is going to be an inevitable clash
• 1:05
  between governments, Fiat currencies and Bitcoin, right?
• 1:11
  And the reason is simple. To use Christine Lagarde's own
• 1:14
  words, whose video we're going to play for you guys today.
• 1:18
  Bitcoin is an escape valve, an escape valve from government
• 1:22
  currencies, an escape valve from inflation.
• 1:26
  And they need you using government currencies.
• 1:30
  So if we don't win this adoption race, if we don't wake enough
• 1:34
  people the F up, yes, of course they're going to try to ban it.
• 1:41
  Look at what happened in the UK we we covered this.
• 1:44
  I think it was either the yesterday or the day before.
• 1:49
  They're January. I'm not making this January 6th.
• 1:54
  Literally that day UK citizens will be required to pass a test
• 2:00
  before they could purchase crypto and Bitcoin.
• 2:04
  Now you could say OK, it's because of all the crypto scams
• 2:07
  and all that, blah blah blah blah.
• 2:08
  But forgive me after everything that's happened after the last
• 2:11
  three years if I'm a little bit skeptical.
• 2:14
  If that is their actual motivations behind passing that
• 2:18
  type of legislation, So yeah. And you know what which is?
• 2:25
  I reference this book all the time, highly recommend you read
• 2:28
  it if you're a bitcoiner. This is all something the book
• 2:32
  The Sovereign Individual predicted back in the 90s.
• 2:37
  And the case that they were making was essentially the rise
• 2:39
  of information technologies would fundamentally change the
• 2:42
  relationship between the individual and the state.
• 2:45
  Because the Internet would empower individuals, not only
• 2:49
  giving them the ability to source alternative forms of
• 2:54
  media of information, right? Look, look at How did you guys
• 2:58
  know that the New York Times got their blue check or their
• 3:02
  verification badge removed? Because apparently they were
• 3:05
  peddling some type of BS or something like that.
• 3:09
  But the reason I brought that up is it's a great example of how
• 3:15
  media has been democratized because of the Internet, right?
• 3:19
  So anybody, if you're at home, if you're in your garage,
• 3:23
  doesn't matter. You can buy a camera, you could
• 3:25
  buy a microphone, and if you're good at what you do and if you
• 3:28
  provide value to your viewer. You'll start to build up of
• 3:32
  audience over time, of course, if you put in the proof of work,
• 3:35
  right? And you know the legacy
• 3:38
  institutions have to compete with all these millions of
• 3:42
  individuals all around the world that aren't bought by special
• 3:46
  interests. So therefore they have the
• 3:48
  ability to tell the truth, right?
• 3:51
  So and then add to that mix, right?
• 3:56
  Just sprinkle it in there. How the Internet has enabled
• 4:01
  people to use Bitcoin. So it's not only the
• 4:04
  disintermediation of information, but also the
• 4:07
  disintermediation of money. And it's kind of overlapping,
• 4:12
  It's happening at the same time and it's causing chaos a little
• 4:16
  bit, right? Because all these systems of
• 4:18
  control, whether it's the control over information, over
• 4:23
  the control on money. Are slowly starting to kind of
• 4:27
  shift up. They're slowly starting to shake
• 4:30
  up a little bit and you know, it's I think it's causing, you
• 4:34
  know a a a lot of chaos for governments that have been used
• 4:38
  to having a monopoly on the truth.
• 4:41
  Has like Naimbu Kele said in his very famous article, don't drink
• 4:45
  the elite kool-aid and also monopoly on the control, the the
• 4:50
  issuance of money and also the control of money.
• 4:52
  Right. So yeah, it's it's pretty crazy
• 4:56
  stuff. So bunker down, fasten up your
• 4:59
  seatbelts, take your Bitcoin into self custody.
• 5:02
  Not your keys, not your Bitcoin. And it's going to be a crazy
• 5:05
  ride anyways. My Co host isn't smiling today,
• 5:09
  so that is definitely a mole. Opti is not here.
• 5:12
  I'm gonna do the show by myself today.
• 5:13
  Just kidding. He's smiling.
• 5:15
  He's smiling. Told you lie.
• 5:16
  I poked my eardrum last night with a Q-tip and I'm kind of
• 5:20
  hurting this morning. Guys, I'm in pain right now.
• 5:23
  But anyways, it doesn't matter. The show goes on.
• 5:27
  Yeah man. Expecting optimistic.
• 5:30
  Opti I guys I'm telling you this West Coast time is really messed
• 5:34
  up. It it.
• 5:35
  I don't have enough time to to get my coffee to blood ratio
• 5:40
  going correctly so that I am just absolutely jacked on
• 5:44
  coffee. Yet I can only get enough coffee
• 5:47
  going through in the morning over here on the West Coast.
• 5:50
  So you know it it it it goes man, all I need is Anika Jones
• 5:54
  rant and then my blood starts boiling so like halfway through
• 5:57
  the show is when I'm like ready to go.
• 5:59
  So forgive me guys. Forgive me.
• 6:03
  I I'll be back home next week. I I'm, I'm staying for some
• 6:06
  family stuff, so I'll be back to normal, Geeked out Opti on the
• 6:10
  show. But yeah man, crazy stuff, crazy
• 6:14
  stuff. Shouts out to Chrissy Lagarde.
• 6:16
  She's obviously very mad at me. I'm sure you guys saw that
• 6:20
  Bitcoin Bugle article that broke the news yesterday that my
• 6:24
  messages got leaked with her and she's very mad.
• 6:27
  So you can tell why she's constantly talking about CBD CS
• 6:32
  doubling down on CBD CS. I guess my pillow talk didn't
• 6:36
  work. Guys, I tried, I I tried.
• 6:38
  I tried on both fronts together, to embrace Bitcoin and for
• 6:42
  myself to get close to the money printer.
• 6:44
  Neither of them worked. So you know I I'm just taking
• 6:47
  the L it it's it's OK whatever. Dude, so I remember Speaking of
• 6:52
  Opti on coffee, I remember when we did the Bitblock Boom live
• 6:55
  stream. It We've never done this before.
• 7:00
  It's like the first one. And we go live and Opti takes
• 7:05
  the microphone. Like, the first thing you do is
• 7:09
  you play the sound for and you're like, we're back.
• 7:15
  And I'm like, looking at you. And I'm like, bro, I'm like,
• 7:17
  welcome to the Bitlock room live stream, bro.
• 7:20
  So that's what happens when opti's not on enough coffee.
• 7:23
  I become a coffee addict that. Was to me a highlight that was
• 7:27
  that was that was beautiful, that moment to me.
• 7:29
  I'll never forget it. Never forget it.
• 7:31
  Anyways, everybody, let's jump into the show.
• 7:33
  We got a lot to talk about today.
• 7:34
  Let's check it out. The Bitcoin numbers.
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  You don't want to lose it 'cause you stored it on paper.
• 9:01
  Here we go. The price of Bitcoin at the time
• 9:04
  of recording is 29,565 SAT's per dollar, 3382 block height,
• 9:12
  813,071 blocks to halving 26,929.
• 9:18
  Having estimate April 21st, 2024 Total Lightning network capacity
• 9:23
  5369 Bitcoin capacity value 158 million U.S. dollars Realized
• 9:31
  monetary inflation 1.74% continuing to take Fiat
• 9:35
  currencies to absolute school Market Capitalization of Bitcoin
• 9:40
  $577 billion of the B Bitcoin versus gold market cap. 4.36%
• 9:50
  and the grand scheme of things. Bitcoin is still a baby.
• 9:54
  Now one of the things I wanted to point out, I say this every
• 9:56
  single day. I'm gonna continue saying it.
• 9:58
  Once the Bitcoin market cap reaches the market cap of gold,
• 10:01
  that will put it at 500K per coin anyways.
• 10:06
  So here's the big news. This is a video that was
• 10:10
  released by Opti. I mean, let's be serious for a
• 10:14
  SEC. Christine Lagarde, who is the
• 10:16
  president of the European Central Bank.
• 10:18
  She released this meme. Let's call it what it is,
• 10:21
  because this is mematic warfare on the battlegrounds of the
• 10:24
  Internet. Narrative Trench warfare, hand
• 10:26
  to hand, one meme at a time. And remember, they have the same
• 10:31
  capabilities as us. So just like we can post videos
• 10:34
  and we can post pictures, they can do that as well, right?
• 10:38
  So this is a form of this is like look, you can define it
• 10:45
  however which you like. But like, this is no different
• 10:48
  than if Opti stood in front of this like weird looking purple
• 10:52
  green screen and he just dictated you wore a suit and
• 10:56
  dictated you a message, right? So like, it's no different.
• 11:00
  Like you could say, Oh no, but this is the president of the
• 11:03
  European Central Bank. You know, this is legitimate.
• 11:06
  You know the one of the key words in in this tweet is the
• 11:09
  euro is key to our European unity.
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  A digital euro exists alongside cash with future proof, our
• 11:16
  currency. It would be safe, easy to use
• 11:19
  and free of charge. While the decision whether to
• 11:22
  issue a digital euro will be taken later, we're now launching
• 11:26
  the preparation phase. Right, which is very similar to
• 11:30
  what they did in the United States.
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  They launched the Fed Now program, which in my opinion is
• 11:38
  the first iteration of an American central bank digital
• 11:40
  currency. They launched it about a month
• 11:42
  after they denied Caitlin Long's federal banking charter
• 11:49
  coincidences, right. And again.
• 11:53
  To launch ACBDC in the United States, they would need full
• 11:57
  approval from Congress. Now, I'm not the only one who's
• 12:03
  skeptical. The governor of Florida passed a
• 12:06
  law explicitly forbidding central bank digital currencies
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  in Florida as a preemptive measure, and he's made the claim
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  He's He said the quiet part out loud.
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  It's not me, the governor of Florida, state CBD CS.
• 12:22
  Are surveillance. They're they're for
• 12:24
  surveillance. They're for surveillance and
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  control. This isn't bitcoiners saying
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  this. These are real people and real
• 12:32
  positions of authority and power that have been elected, right?
• 12:37
  So this is. I watched it for the first time
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  yesterday on Simply Sessions and.
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  It's a lot more dystopian that you would think.
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  There's a lot of aggressivity in the way that she says it.
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  And it's like very 1984 ish, like, you know, And again, it
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  all comes with the guise of like, look guys, this is, this
• 13:01
  is democratic. We're doing this with
• 13:03
  legislative authority. You're going to have a choice to
• 13:07
  use cash or the CBDC. We're not going to get rid of
• 13:10
  cash. But what if you don't want to
• 13:13
  use either, right? What if you don't want to use?
• 13:16
  A CBDC or cash? What if you just want to use a
• 13:19
  better money and that better money is Bitcoin?
• 13:22
  What about that, right? Because I don't believe that if
• 13:29
  there would be a fair competition between a CBDC and
• 13:34
  Bitcoin if you put them side by side.
• 13:37
  Let's compare the two things right?
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  1. Is gonna be censored and
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  controlled as much as they say. They won't do that.
• 13:44
  History has shown they will look at the remember the Canadian
• 13:47
  truckers protest and they're gonna wanna debase it and
• 13:50
  inflate it right then. Also not to mention the fact
• 13:56
  that if you compare that to Bitcoin, it's censorship
• 14:00
  resistant and there's a cap supply, so over time.
• 14:07
  Where do you think people are going to go to if they had a
• 14:09
  choice between the two systems? Where are they going to flow?
• 14:13
  And they're going to flow in One Direction, right.
• 14:16
  It's just better money. Sounder money.
• 14:19
  Right. So but if government like common
• 14:22
  sense. But if governments benefit
• 14:24
  tremendously from having the power of being able to create
• 14:28
  money for free that everyone else has to work for, what do
• 14:32
  you think they're going to try to do?
• 14:34
  Which is why I named. The video today what I named it
• 14:41
  right? Anyways, I'm going to play you
• 14:43
  guys the video and then there's an article that I want to show
• 14:49
  you guys as well, specifically referring to what Christine
• 14:52
  Lagarde called Bitcoin. Anyways, let's check out the
• 14:55
  video. The digital euro is on the move.
• 14:59
  Yesterday, the Governing Council of the ECB approved the opening
• 15:04
  of the preparation phase. It will be a journey and we will
• 15:10
  walk the journey together with the legislator.
• 15:14
  All European institutions will be involved to make sure that
• 15:17
  Europe is equipped with the currency of the future.
• 15:23
  Cash is here to stay. You will have all options, cash
• 15:29
  and digital cash. So what does it mean for you,
• 15:34
  for consumers? It would be free and easy to use
• 15:39
  everywhere in the euro area. All of that, of course, is
• 15:43
  subject to the legislative process.
• 15:47
  Cash or digital, the choice will be yours, you euro.
• 15:52
  Your choice. My Bitcoin, my choice.
• 15:57
  That's what I got to say. And if I I really want to use
• 16:01
  the B word like is, that would have emphasized it.
• 16:04
  My, my, my Bitcoin. My choice B.
• 16:14
  Anyways, moving on. OK, So what has Christine
• 16:19
  Lagarde said in the past about Bitcoin?
• 16:21
  This is a very famous video that was was going around.
• 16:26
  I actually found the exact exact quote European regulators and
• 16:32
  the IMF in tune. Oh.
• 16:34
  A coincident like what a coincidence, right?
• 16:36
  It's the same IMF that criticized El Salvador, the same
• 16:39
  IMF that gave Argentina another bailout.
• 16:42
  But part of that bailout came with the condition that they had
• 16:45
  to de incentivize the adoption of Bitcoin within the country,
• 16:49
  even though the country, you know, is suffering from 100%
• 16:53
  inflation. That IMF, So it makes sense
• 16:56
  anyways, it goes on to say, according to Lagarde.
• 16:59
  Bitcoin represents a risk whose regulation must get applied on a
• 17:03
  global scale. Otherwise it could serve as an
• 17:07
  escape valve. If you still don't believe me,
• 17:11
  here is a video Walker of America shout out.
• 17:13
  Check out his his new podcast. I think it's called The Bitcoin
• 17:17
  Podcast. And you know, he replied to
• 17:22
  Christine Lagarde. Right.
• 17:24
  I love how it already got kind of community noted.
• 17:28
  That's that's absolutely hilarious.
• 17:29
  Wait, the E the EDBP argues that the digital euro faces several
• 17:33
  hurdles, such as shaky privacy and anonymity safeguards,
• 17:37
  possibly limiting choice, accelerating cash displacement,
• 17:40
  allowing spending? Tracking.
• 17:42
  The digital euro doesn't offer clear benefits, but has many
• 17:45
  risks, so even their own freaking thing got community
• 17:49
  noted. Anyways, that's hilarious, OK?
• 17:52
  Moving on, here is Walker America responding to Christine
• 17:57
  Lagarde. This is why, guys, this is what
• 17:59
  I I I emphasize this in the beginning of the show.
• 18:01
  This is narrative trench warfare on the battlegrounds of the
• 18:04
  Internet. You're winning over the hearts
• 18:05
  and minds of people. We must win the race to avoid
• 18:08
  the war. We must win the adoption race.
• 18:11
  Anyways, all they have is lies and misrepresentations.
• 18:15
  All we have to do is shine truth and expose hypocrisy.
• 18:19
  That's it anyways. So, Walker said.
• 18:24
  For anyone curious about what a CBDC will actually mean for you,
• 18:28
  here's the straight truth from the horse's mouths.
• 18:31
  You think about the benefits of digital money.
• 18:34
  There are huge potential gains. It's not just about digital
• 18:38
  forms of physical currency. You can have programmability.
• 18:41
  You know units of central bank currency with expiry dates.
• 18:45
  You could have, as I argue in my book, a potentially better.
• 18:48
  And yeah, some people might see there a darker world where the
• 18:52
  government decides that UNICEF central bank money can be used
• 18:55
  to purchase some things but not other things that it deems less
• 18:59
  desirable, like say ammunition or drugs or pornography or
• 19:02
  something of the sort. And that is very powerful in
• 19:05
  terms of the use of a CBDC. We are proposing that we would
• 19:10
  give a secure. Efficient, inclusive access to
• 19:17
  digital payments to all citizens and this way we would protect
• 19:21
  their freedom to pay. Now we have in Europe this
• 19:25
  threshold above €1000. You cannot pay cash.
• 19:30
  If you do, you're on the Gray market.
• 19:32
  We want to complement cash. We want to expand the capacity
• 19:38
  of European consumers to pay with sovereign money.
• 19:43
  That you take your risk, you get caught, you don't find, or you
• 19:48
  go in jail. That's right, ladies and
• 19:50
  gentlemen, if you spend more than €1000 in Europe, you are
• 19:54
  part of the Gray market and you will go to jail.
• 19:57
  But at the same time they're literally saying that it's going
• 20:00
  to be inclusive and secure. They also mentioned that it's
• 20:04
  going to give the this is coming from their mouths, not ours that
• 20:08
  it's going to allow. Expiration date.
• 20:11
  So inflation is not enough, Ladies and gentlemen, your money
• 20:15
  has to expire as well. Not to mention the controls,
• 20:19
  right? And of course they always
• 20:21
  mention, you know, the drugs, the terrorism, you know, all
• 20:26
  that, all that bad stuff, right? The the, the, the stuff that you
• 20:31
  can make an argument as to why. OK, you know, maybe that
• 20:36
  shouldn't be legal and whatnot. And of course that's a whole
• 20:38
  other debate. But that, in my opinion is used
• 20:42
  as a straw man because as the Canadian Truckers protest has
• 20:46
  shown, they have censored money for political reasons as well.
• 20:53
  This has also happened in the United States.
• 20:57
  So what bitcoiners have concluded is no one should have
• 21:02
  the ability to create money for free that another human being
• 21:06
  has, else has to work for. And no human being should have
• 21:10
  the right to censor another human being.
• 21:15
  And that is in stark contrast to what central bank digital
• 21:20
  currencies will allow governments to do.
• 21:24
  This is a a, you know, a a a a political commentator.
• 21:32
  I think you could call her an activist from the Netherlands.
• 21:34
  She's been on Tucker Carlson and she lives in Europe.
• 21:38
  So, like, obviously she has a lot more at stake.
• 21:40
  She says the digital euro is upon us.
• 21:43
  She quoted Lagarde's words. It'll be a journey, quote,
• 21:47
  straight to a totalitarian hell in which we will decide what you
• 21:51
  may and may not spend your money on.
• 21:54
  She left out, and I completely agree.
• 21:57
  Now this is predictable. Why is this predictable?
• 22:02
  Well, I love the the thought logic that the authors use to
• 22:14
  write this book. The sovereign individual, right?
• 22:16
  They all kind of centered it around the theory of violence,
• 22:20
  right? It's a lot easier to steal
• 22:22
  something from someone else than it is to make it right.
• 22:28
  And using that theory they base this book and they they base
• 22:33
  these predictions. Some of them turned out to be
• 22:35
  wrong, but I think they really hit the nail on the head in
• 22:38
  terms of predicting the rise of Bitcoin and what the
• 22:45
  implications of the rise of a non state money of which
• 22:49
  governments cannot shut down therefore they're forced to
• 22:53
  compete with. And what the reaction from
• 22:56
  governments would be because they would be losing their
• 23:02
  privilege of creating and controlling money.
• 23:07
  So I think they hit the nail on the head and I've read, we've
• 23:09
  read you guys this passage so many times, but I think it's
• 23:12
  very applicable here. This new technologies will allow
• 23:15
  the holders of wealth to bypass the national monopolies that
• 23:18
  have issued and regulated money in the modern period.
• 23:21
  Their importance for controlling the world's wealth will be
• 23:24
  transcended by mathematical algorithms that have no physical
• 23:27
  existence In the new Millennium. Cyber money controlled by
• 23:31
  private markets will supersede Fiat money issued by
• 23:34
  governments. Only the poor will be victims of
• 23:37
  inflation and ensuring collapses into deflation that are
• 23:41
  consequences of the artificial leverage which Fiat money
• 23:44
  injects into the economy. Lacking their accustomed scope
• 23:48
  to tax and inflate, governments, even in traditionally civil
• 23:51
  countries, will turn nasty. Businesses that offer services
• 23:56
  that facilitate the realization of autonomy by individuals will
• 23:59
  be the subject to infiltration, sabotage and disruption.
• 24:04
  Arbitrary forfeiture of property, already commonplace in
• 24:07
  the United States where it occurs 5000 times a week, will
• 24:10
  become even more pervasive. Governments will violate human
• 24:14
  rights, censor the free flow of information, sabotage, useful
• 24:18
  technologies, and worse. And that, ladies and gentlemen,
• 24:23
  is why I said in the title, I believe that Europe will try to
• 24:28
  ban Bitcoin if we don't win the race to avoid the war.
• 24:32
  I'll read. I'll read you the first passage
• 24:34
  from Corey's piece. You can find it on swan.com.
• 24:38
  We Bitcoiners are in the race, perhaps the most important race
• 24:42
  we'll ever run. We're racing.
• 24:44
  It's time to drive the adoption of Bitcoin as fast as we can.
• 24:47
  You're racing toward a future in which the US government never
• 24:50
  coordinates a concerted attack against Bitcoin and bitcoiners.
• 24:54
  This is a race to avoid the war. How do we win this race?
• 24:58
  We need an intransigent minority.
• 25:01
  We need a percentage of the population that become
• 25:04
  bitcoiners, that are hardcore bitcoiners that become
• 25:08
  immovable. On that subject, it the example
• 25:13
  that I would give to you guys is anytime they try to pass gun
• 25:18
  laws in the United States, it's almost impossible.
• 25:23
  Why? Because a large percentage of
• 25:26
  the American public own guns. So even as much as the
• 25:31
  government, it's like, no, I don't like that.
• 25:34
  You know, citizens and individuals own guns.
• 25:39
  It's very difficult for them to pass a law against it.
• 25:46
  Now Europe is a little bit harder because I think their
• 25:50
  government is so centralized. But at least in the United
• 25:53
  States, you know, there's there's somewhat more
• 25:56
  sovereignty with the individual States and how the individual
• 25:59
  states could legislate differently.
• 26:02
  So even God forbid there's a federal Bitcoin ban, which at
• 26:07
  this point, you know, with the adoption of the the the rate of
• 26:10
  adoption, I I think it's unlikely, but you never know the
• 26:13
  future. I, I, you know, I think that
• 26:16
  there's a, there's a high probability that Bitcoin would
• 26:19
  go the way of the marijuana industry where even though on a
• 26:23
  federal level marijuana is illegal on a state level,
• 26:28
  California, Colorado, I think Washington state, Oregon,
• 26:33
  numerous other states that I can't name off the top of my
• 26:35
  head. It's legal on a state level.
• 26:38
  So I think in the US like they're effed, but in places
• 26:45
  like Europe, right, where you know where it's much more
• 26:50
  centralized government, I mean that could be a lot harder for
• 26:56
  sure 100%. So yeah, you know you could say
• 27:00
  whatever you want about the title, but I truly believe it
• 27:03
  and I I really mean it in the sense that this is a call to
• 27:06
  action, right. This is take agency, right,
• 27:10
  Orange pill. The people around you get them
• 27:14
  to understand that it's not red versus blue, it's green versus
• 27:18
  orange. The party of central bank
• 27:19
  digital currencies versus the party of Bitcoin, the party of
• 27:24
  the party of Bitcoin, the party of peace, prosperity,
• 27:29
  opportunity, optimism. So what side do you want to be
• 27:33
  on? That's the question that I have
• 27:35
  for you guys. So yeah, this is.
• 27:39
  And you know, I think Corey hit the nail on the head.
• 27:41
  This is the race to avoid the war.
• 27:42
  That's that's what I got to say about that.
• 27:44
  And my question to you, Opti is like, bro, like what did you do
• 27:48
  to this woman, man? Like, God damn, she like, she is
• 27:53
  so vengeful. Like, why did you?
• 27:56
  Like. I think Opti is solely
• 27:59
  responsible for the creation of central bank digital currencies
• 28:04
  because of how poorly he treated Augustine, Janet Yellen and
• 28:08
  Christy Lagarde. You broke their hearts and look
• 28:10
  at where we are, Opti. Look at what you did, man.
• 28:14
  Well. You know, as the saying goes,
• 28:17
  good intentions are what paved the road to hell or whatever.
• 28:21
  You know, I tried, I tried. You know, I did my best, guys.
• 28:25
  Nah, we're trolling. We're obviously trolling.
• 28:27
  But anyways, back to this video and and then I'll maybe do some
• 28:31
  justice to Nico Jones rants. First and foremost, this is the
• 28:34
  power of memes guys like. Everything is memes.
• 28:38
  It's memes, all the ways, all the way down.
• 28:40
  You know, like Christy Lagarde's clean production reading from
• 28:43
  the teleprompter. Like it.
• 28:45
  It's all memes. And then Nico always says it.
• 28:47
  I think best was saying like, they're coming to our
• 28:50
  battlefield and we are the ones in control of the truth, of the
• 28:53
  narratives, of the mimetic warfare that is going on, the
• 28:58
  guerrilla war that is the mimetic land field.
• 29:02
  And it's just beautiful to see them try to come.
• 29:04
  To our arena, you know try to battle with us in memes and of
• 29:08
  course, you know they they are never able to because they don't
• 29:12
  have the truth on their side and memes are powerful because they
• 29:14
  have the truth. Anyways.
• 29:16
  To some of the things that she was saying, you know, cash is
• 29:18
  digital. They're obviously here to
• 29:20
  maintain control. It seemed like an announcement
• 29:23
  of an announcement of a CBDC that I I kind of find that
• 29:26
  hilarious to be honest. And remember the article, I
• 29:31
  forget which one it is Nico, but.
• 29:33
  It it was coming out of the US how they were talking about the
• 29:35
  future of digital payments, the future of digital currencies,
• 29:38
  and they never mentioned Bitcoin.
• 29:40
  And here we are, ECB President Chrissy Lagarde, saying CBD CS
• 29:44
  is the currency of the future. Like, no, it's not.
• 29:46
  It's going to be Bitcoin. It's it's obvious that it's
• 29:49
  going to be Bitcoin if you're following this closely.
• 29:51
  Again, they wouldn't be doing this stuff if Bitcoin wasn't
• 29:54
  winning so hard. Like they wouldn't have ever
• 29:56
  even tried to roll out of CBDC if everyone was OK with the
• 29:59
  traditional Fiat. Digital payments that that we
• 30:02
  were working with or the Fiat currencies because we all know,
• 30:05
  you know, your dollar, the euro, it's all digital already, but
• 30:10
  really Bitcoin is going to be the digital cash.
• 30:13
  Bitcoin is that digital cash. Bitcoin is that peer-to-peer
• 30:15
  digital payment system, as it says in the white paper.
• 30:19
  And. You know, she said something
• 30:21
  that I find very hilarious and also very, you know, very
• 30:25
  telling. She said the choice will be
• 30:26
  yours and yes, it will be like and I choose Bitcoin.
• 30:30
  The the there is a choice here and it's not the the binary
• 30:34
  dichotomy that they are, they're they're showing in your face.
• 30:37
  You know, it's not between digital cash and the CBDC system
• 30:41
  or cash in its physical form or a digital version of it.
• 30:45
  It's basically the Fiat parasitic classes.
• 30:49
  Money. And Bitcoin.
• 30:51
  And remember what CBDC stands for, guys.
• 30:53
  I'm going to continue to harp on this meme.
• 30:55
  It doesn't stand for central bank digital currency.
• 30:57
  It stands for central bank digital control.
• 30:59
  This is what it's all about. It's all about control.
• 31:01
  They even said it themselves. You know, programmable money.
• 31:04
  They want to be able to, with surgical precision, control your
• 31:10
  your money, your savings. They want expiry dates on your
• 31:13
  savings. Like, what kind of ridiculous
• 31:15
  stuff is this? Where?
• 31:17
  You can't even save your money. Did you see the Did you see how
• 31:20
  giddy he got when he was talking about those things?
• 31:22
  Like he was so happy. It's.
• 31:24
  Insane. You could tell like he was just
• 31:26
  like, like, like, you know, like, oh man, like this is, it's
• 31:33
  going to allow all these things like he was.
• 31:36
  So happy and so many cool, so much cool stuff.
• 31:39
  It really sounds like shit coin propaganda out there, dude,
• 31:42
  we're going to add so much cool stuff to this programmable
• 31:44
  money. Most of it is, you know, control
• 31:47
  and expiry dates on your money, so you can't save it, you know?
• 31:51
  Don't be a hoarder, guys. Like, that's bad for the
• 31:53
  economy. We want to incentivize you to
• 31:56
  spend your money and it's like, what?
• 31:58
  Like. It's literally just doubling
• 32:00
  down on you will own nothing and be happy, and now you will have
• 32:04
  digital incentives from the government to spend your money.
• 32:07
  It's like this is absolute madness.
• 32:09
  This is crazy. This is literally also
• 32:11
  destroying one of the one of the main properties of money.
• 32:14
  It's being able to store your value, like do these people, and
• 32:17
  they're economists too. Like these are the smart people
• 32:20
  in control of the economy, and they don't even understand the
• 32:22
  basic premises of money. You need to store your money.
• 32:26
  Like money needs to hold value through space and time, and
• 32:29
  they're trying to incentivize you to spend it more.
• 32:30
  It's like, this is absolutely ludicrous clown world stuff, but
• 32:34
  on the flip side. I think we can argue that this
• 32:37
  is just absolutely bullish. Like they are accelerating as
• 32:41
  they are losing control. You know this is so bullish
• 32:43
  because opt out of this madness, you don't have to choose between
• 32:48
  their binary choices, like literally turn the chess board
• 32:51
  over, opt into Bitcoin. You don't need their permission.
• 32:55
  You you have a choice. It is Bitcoin or slavery.
• 32:58
  And even their propaganda is saying this in, you know, like
• 33:01
  they're saying the quiet part out loud.
• 33:03
  Like it's Bitcoin or slavery. But of course you know to the
• 33:07
  title of this, yes, they will probably try.
• 33:10
  I've been saying it all week. I've been saying it for months
• 33:12
  now. A direct attack on Bitcoin right
• 33:14
  now is bad PR because it just proved why you need Bitcoin in
• 33:17
  the 1st place. So of course can't ban Bitcoin,
• 33:20
  you can only ban yourself from Bitcoin.
• 33:22
  So you know Chrissy Lagarde, have fun staying poor, but you
• 33:25
  the citizen out there don't have to have fun staying poor.
• 33:28
  You have a choice. Opt out of this.
• 33:31
  You need to save something that is completely outside of their
• 33:34
  control, which of course is Bitcoin.
• 33:37
  It is a parallel system that they cannot control, that they
• 33:40
  cannot debase. Like it's so simple that we
• 33:43
  always have to beat the fundamentals back into
• 33:46
  everyone's brains out there. Because it's all about the
• 33:49
  money. Metaphorically, of course.
• 33:50
  Of course it's all about the money.
• 33:52
  It will always be about the money until you take away the
• 33:55
  money printer from them. We're going to be doing this for
• 33:58
  a long time until people wake up and stop trusting these people.
• 34:02
  Then we're going to constantly have to be in the trenches, in
• 34:06
  the information war, in the mimetic guerrilla war, and just
• 34:10
  dropping that hot fire and making sure we're planting them
• 34:12
  seeds of freedom into everyone we know and and we're winning.
• 34:16
  We're winning. We're winning.
• 34:18
  Do you guys just realize that the New York Times got their
• 34:22
  blue check removed when they tried to communicate community
• 34:27
  note Pierre Richard's video. It got taken down and the
• 34:30
  president of the European Central Bank just got community
• 34:34
  noted with the Fact Check that literally says like basically
• 34:38
  calling BS on her claims like. And and you know the intensity
• 34:44
  of that video tells me that they're scared that that that's
• 34:48
  what that tells me, right? That they're trying to roll this
• 34:51
  out as soon as humanly possible because they see the writing on
• 34:55
  the wall and we know whether this was a Freudian slip,
• 34:59
  whether she meant to say this on purpose or not.
• 35:01
  We know how they feel, right. She literally said it.
• 35:04
  She's like this is an escape valve, right?
• 35:07
  Escape from what exactly, Right. It's never talked about.
• 35:10
  Anyways guys, I want to give a shout out to our sponsor.
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  All right, everybody, let's move on to the news.
• 36:03
  The Daily News I want to give a shout out to our sponsor,
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• 37:26
  All right, everybody. So let's talk about what we're
• 37:28
  going to talk about today. But first, I want to set the
• 37:31
  tone with the, with the quote from Winston Churchill.
• 37:34
  Winston Churchill was the Prime Minister of the United Kingdom
• 37:37
  during World War Two. He says never let a good crisis
• 37:42
  go to waste. I mean, I think of that that
• 37:45
  that technique I think a lot of politicians have have used for a
• 37:50
  very, very long time. And that leads me to the latest
• 37:54
  of the latest from Senator Elizabeth Warren.
• 37:57
  The anti Bitcoin senator, right. She literally made it part of
• 38:01
  her campaign that she is anti Bitcoin.
• 38:05
  I don't know how feasible that it's gonna be in the long run,
• 38:08
  but in this moment in time they think it's a good idea.
• 38:13
  So she says US Senator Warren leads lawmakers to push
• 38:16
  Administration on Crypto backed terrorism.
• 38:20
  In a letter to top US security officials, 102 lawmakers
• 38:23
  demanded to know what the Treasury Department and others
• 38:26
  are doing to prevent the use of crypto to finance terrorism.
• 38:30
  Goes on to say US Senators LED more than 100 lawmakers and
• 38:33
  demanding top officials share their plans for heading off
• 38:36
  crypto finance terrorism. The bipartisan group of
• 38:39
  lawmakers from both the Senate and the House of Representatives
• 38:42
  signed a letter dated on Tuesday to National Security Advisor
• 38:45
  Jake Sullivan and Brian Nelson, Under Secretary for Terrorism
• 38:49
  and Financial Intelligence at the Department of the Treasury.
• 38:52
  They cited reports that crypto funds had supported Hamas in the
• 38:56
  months before its attack on Israel, with the group directly
• 38:59
  soliciting soliciting Bitcoin donations.
• 39:02
  Quote Given the clear and present danger posed by the
• 39:05
  financing of these and other militant organizations, we asked
• 39:08
  the administration to provide additional details on its plan
• 39:11
  to prevent the use of crypto for financing terrorism.
• 39:14
  They requested in the letter Congress and the Administration
• 39:17
  must take strong action to thoroughly address crypto
• 39:21
  illicit finance risk before it can be used to finance another
• 39:24
  tragedy. You know what is also used to
• 39:28
  finance terrorism dollars. You know what is primarily used
• 39:32
  to to finance terrorism dollars. Why don't they talk about
• 39:37
  dollars? Because they can't control it.
• 39:40
  And again, I'm going to reference back this quote, Never
• 39:44
  let a good crisis go to waste. And let's take a look at the
• 39:48
  bill that Senator Elizabeth Warren and senators also on the
• 39:53
  Republican side like Senator Graham.
• 39:56
  Let's take a look at the bill that they're currently tried to
• 39:59
  pass, currently trying to pass. Legislation to close loopholes
• 40:05
  and combat money laundering, ransomware attacks, sanctions,
• 40:08
  evasions, drug trafficking, elder fraud, and other illicit
• 40:12
  financial flows in crypto. So let's take a look at the
• 40:17
  legislation and what it's gonna require.
• 40:20
  Extend Bank Secrecy Act responsibilities including know
• 40:25
  your customer requirements to digital asset wallet providers,
• 40:28
  miners, validators and other network participants that may
• 40:32
  act to validate, secure or facilitate digital asset
• 40:35
  transactions. So that means that this and your
• 40:42
  favorite software wallet, whether it's Sparrow, Electron,
• 40:46
  Blue Wallet, Spectre, whatever floats your boat.
• 40:50
  Liz. Law would require those wallets
• 40:53
  to KYC you before you use them. Minors.
• 40:57
  I didn't even know if that's possible, which I just think
• 41:00
  that this is just a de facto ban.
• 41:02
  Validators. That's your node that you're
• 41:05
  running at home. I recommend the start 9 by the
• 41:07
  way, it's absolutely badass. And there's a discount code down
• 41:11
  below in the video description. Check it out anyways.
• 41:14
  Yeah, validators, nodes, they would have to KYC too.
• 41:19
  And other network participants that may act to validate, secure
• 41:22
  and facilitate digital asset transactions address a major gap
• 41:28
  with respect to quote unhosted digital wallets, right.
• 41:32
  So not only do they want a KYC wallets, but the unhosted
• 41:37
  wallets, meaning if you take self custody, there's a major
• 41:41
  gap. That's a problem.
• 41:42
  They don't want people taking self custody of wealth.
• 41:48
  I mean remember the six one O 2 order FDR basically making it
• 42:00
  illegal for Americans to hold gold.
• 42:05
  The reason that they were able to pull that off the way they
• 42:07
  did was because of gold's physical characteristics which
• 42:12
  led to its centralization. So a lot of people, if they held
• 42:17
  a large amount of gold, they stored it in banks.
• 42:20
  So when they passed that law, the banks just set up.
• 42:24
  You know what, It's not yours anymore.
• 42:27
  It's illegal to the government. But if you have millions upon
• 42:32
  millions of individuals taking self custody, which is what we
• 42:36
  recommend on this show every single day using Electrum,
• 42:40
  Sparrow, Blue Wallet, Spectre, so many open source software
• 42:47
  wallets, and then putting that Bitcoin into cold storage and
• 42:53
  using a hardware wallet. Passport is awesome.
• 42:57
  There's a cold card, there's Trezor, there's Ledger.
• 43:00
  If you want to use that for whatever reason, there's Bitbox.
• 43:07
  Then it's then it becomes incredibly difficult for them to
• 43:12
  seize people's wealth. And I think that is the
• 43:18
  motivation behind this wording. In reality and this Winston
• 43:24
  Churchill quote, never let a good crisis go to waste.
• 43:29
  Well, they definitely didn't let the absolute tragedy that is
• 43:33
  happening in Israel. You know, they didn't let that
• 43:39
  go to waste, to use that as a justification in order to attack
• 43:46
  Bitcoin. And they're telling you exactly
• 43:49
  what they want. They tell they're telling you
• 43:53
  KYC wallets, miners, nodes and unhosted wallets.
• 44:01
  Now we can't have that. That's the danger.
• 44:03
  That's that's that's bad. So kind of tie this in with what
• 44:11
  we were talking about in the beginning of the show.
• 44:14
  The race to avoid the war. How?
• 44:17
  How do we beat this? Like how do we beat this right?
• 44:22
  By waking people up, by unifying people, by saying it's not left
• 44:28
  verse, right. Whatever party's in power,
• 44:31
  whether it's Democrat or Republican, they still print a
• 44:35
  ton of money. If you're in the lower middle
• 44:37
  classes, you know you don't have the means to save an assets
• 44:41
  therefore you get poorer. You're you're what you're
• 44:44
  earning in what you're saving in is devalued right.
• 44:49
  So you know to use Christine Lagarde, I mean it's all tie
• 44:56
  this in together to use Christine Lagarde's words from
• 44:59
  the very beginning of the show they don't like that escape
• 45:03
  valve. They really don't like that
• 45:05
  escape valve. And as more and more and more
• 45:08
  people choose to use that escape valve and that you're you're
• 45:12
  specially noticing this in the global S where people have just
• 45:17
  lost faith in their currency so they're forced to seek an
• 45:21
  alternative out of necessity, I think they're going to get more
• 45:27
  and more desperate and like a wounded animal trapped into a
• 45:30
  corner, that's when it's it's most dangerous right.
• 45:34
  So our our defense against this is educating individuals, waking
• 45:42
  them up to the reality of a lot of the political divisions that
• 45:47
  are happening right now are caused by broken incentives and
• 45:53
  broken money. If you fix the money, you fix
• 45:55
  the incentives. And if you fix the incentives,
• 45:58
  you fix the world. So this is literally what it's
• 46:02
  about. This is what's at stake.
• 46:04
  It's up to you. It's in your hands.
• 46:07
  What type of future do you want? Your kids?
• 46:10
  Your grandchildren to live in. Do you want a future where
• 46:18
  someone like this is telling you what you can and can't do with
• 46:22
  your money? Or do you want to be the one to
• 46:27
  decide what you can and cannot do with your money?
• 46:31
  Anyways, that's my take on today's news.
• 46:34
  I know it's a little bit dark today, but hopefully we we
• 46:36
  lightened. We lightened it up with the
• 46:38
  culture and the memes, bro. But that that memes.
• 46:42
  For sure that that Chrissy Lagarde video, man, it put a
• 46:46
  like I saw that and I was like, holy cow, like it it it made me
• 46:51
  a little bit upset. I'm not going to lie.
• 46:53
  I'm not going to lie. It it it it didn't strike me the
• 46:58
  right way. Man that that video did not feel
• 47:01
  too good, you know? Anyways, what what do you what's
• 47:05
  your take on this? What's your take on the anti
• 47:07
  Bitcoin Senator Opti? Yeah, well before I do that
• 47:10
  shouts out to everyone on Rumble.
• 47:13
  The chat's lit over there. I I just, I finally figured out
• 47:17
  how to work Rumble so I could see the chat shouts out to
• 47:20
  everyone over there. It's it's getting lively over
• 47:22
  there so really, really good to see.
• 47:25
  Hopefully it goes up and and when we're able to get.
• 47:30
  The rumble chat on to restream and pull your guys's comments
• 47:33
  up. Know that we will.
• 47:35
  Anyways, to your question, what do I think about the anti
• 47:39
  Bitcoin politicians? It's kind of something I've been
• 47:43
  saying for a while. I I just wish politicians would
• 47:46
  remember their oath to work for the people.
• 47:48
  I thought this was, you know, home of the brave land of the
• 47:51
  free. I thought this.
• 47:52
  I thought America was the the land of freedom.
• 47:54
  And here we are with freedom, money.
• 47:57
  And these politicians, these psychopaths, these parasites,
• 47:59
  these. Lizard people, as Alex Stanzic
• 48:01
  always says, are doing their best to fight freedom.
• 48:06
  Like Bitcoin is freedom money. And of course we know why.
• 48:09
  Of course, the politicians are doing their best and incentivize
• 48:15
  to work for big banks and the interest in the lobbying groups
• 48:18
  because they know what we know guys, the control of the money
• 48:22
  printer. It is why they have become rich.
• 48:25
  It is why they have been able to maintain power.
• 48:28
  And if you disintermediate that, if you expose the fraud that is
• 48:33
  the traditional financial world, then of course they are going to
• 48:37
  lose everything. And that's literally what we're
• 48:40
  after. Guys like this is a game for all
• 48:42
  the power, and we're finally going to bring the world back.
• 48:47
  On a level playing field, on a world where you have to provide
• 48:50
  value and politicians do not provide value at all and so of
• 48:52
  course they're going to fight Bitcoin.
• 48:54
  Of course you know Elizabeth Warren, who if I am not
• 48:57
  mistaken, was very popular during the Occupy Wall Street
• 49:02
  stuff and you know, was supposedly fighting for the
• 49:04
  little man until she got into office and got bought and paid
• 49:07
  for it. Now she's literally bidding for
• 49:09
  the banks like you can't make this shit up.
• 49:12
  And anyways. I am not surprised at this, but
• 49:15
  also Nico, there there is a good article that dropped this
• 49:18
  morning on Forbes literally countering this exact thing that
• 49:22
  Elizabeth Warren is talking about about basically terrorists
• 49:26
  using Bitcoin to finance themselves and money laundering
• 49:29
  stuff. And the article was basically
• 49:32
  saying the opposite. And I'm glad you brought the
• 49:34
  quote up of don't let a what what is it?
• 49:37
  I I'm blanking right now. Don't let a crisis go on wasted
• 49:39
  or whatever. Yeah, and.
• 49:43
  So the article on Forbes was basically showing the exact
• 49:47
  opposite, that Khamas used Bitcoin to, you know, fundraise.
• 49:56
  And then they realized that, Oh my God, it's a public Ledger and
• 50:00
  everything that's on the Ledger can be tracked.
• 50:04
  And Oh my God, it's not anonymous, it's pseudonymous.
• 50:06
  And if you don't know what you're doing, it's very
• 50:08
  transparent by design guys. We know and there's constant,
• 50:13
  constant receipts on this and you can go look them up.
• 50:16
  I'm sure we've brought them on the show as well.
• 50:21
  Financial criminals, quote UN quote, terrorists or money
• 50:23
  laundering is like a minuscule point O 1% of the of the the
• 50:29
  transaction, the volume on Bitcoin like the real criminals
• 50:32
  are using money. Guys, this is are using cash.
• 50:35
  Sorry, we all know this. Of course, they are rolling out
• 50:38
  new technology with the same old fears that they've done for.
• 50:42
  Remember they were saying about like the Internet.
• 50:44
  You know, it's going to, it's going to enable pornographers
• 50:48
  and terrorists and all kinds of stuff.
• 50:50
  And like, they're just using the same excuses constantly when new
• 50:55
  technology comes out. Like, of course the illiterate,
• 50:58
  computer illiterate old, you know, boomers out there that
• 51:01
  don't understand how the world works, don't understand
• 51:03
  technology, do the same thing over and over.
• 51:06
  They are absolutely afraid of technology because.
• 51:10
  It's going to shake things up and they don't want things to
• 51:13
  change. And here we are.
• 51:14
  We have Bitcoin. It's not going to get stopped.
• 51:16
  Sorry Elizabeth Warren. It's just not going to happen.
• 51:20
  Like, Bitcoin is here. You can't stop it.
• 51:22
  It's a little too little, too little, too late.
• 51:24
  And as much as you try to fight it, it just proves to me that I
• 51:27
  need to hold more and more Bitcoin.
• 51:29
  It will slowly but surely wake everyone up to the same thing.
• 51:32
  If your government doesn't like Bitcoin, there's probably a
• 51:35
  reason. It's because Bitcoin is good and
• 51:37
  it takes away the power from them like.
• 51:39
  It's so simple. Every problem of the world is
• 51:42
  because they have control of the money printer, because they have
• 51:45
  unlimited Fiat printing abilities and now you can't
• 51:49
  debase our currency. It's literally I I even said
• 51:52
  this to my mom. Little side Chen do.
• 51:55
  We were talking about something different.
• 51:56
  I forget what it is and I just started ranting.
• 51:59
  I'm like, look, it's literally this simple.
• 52:03
  Are you against looting or are you for theft?
• 52:06
  Like I am against theft. I am against looting.
• 52:09
  And any politician that is anti Bitcoin is just actively telling
• 52:15
  you they are for looting. They agree in theft.
• 52:18
  They like theft and murder. You can't but, but, but, but
• 52:22
  elaborate, like elaborate, right, 'cause like that could be
• 52:26
  like construed as rhetoric, right.
• 52:27
  So it's like any politician that is against Bitcoin is, is for
• 52:32
  looting, forcing. I think you hit the nail on the
• 52:34
  head. But like why is that like?
• 52:36
  Well, inflation is theft. The more they print money, yeah.
• 52:40
  The more they print money, the poorer you get.
• 52:42
  It's a wealth redistribution mechanism guys.
• 52:45
  The more money you print, they print, the richer them and their
• 52:48
  friends get because they are printing money, allocating it to
• 52:52
  them and their friends businesses.
• 52:54
  Once you get the money, eventually you know trickle down
• 52:56
  economics, the fable trickle, trickle down economics, your
• 52:59
  purchasing power gets destroyed. You are literally getting
• 53:03
  poorer. Any every politician that is
• 53:05
  fighting Bitcoin now draw a line in the sand.
• 53:08
  They are for theft. They are for looting.
• 53:11
  They are for stealing your future.
• 53:13
  I don't know about you, but that shit pisses me off.
• 53:15
  I do not like theft. I do not like looters.
• 53:18
  This is what we're trying to do here on Bitcoin.
• 53:20
  It's provide value as much as possible.
• 53:23
  The only way to get Bitcoin is by taking Bitcoin from someone
• 53:26
  else. You can't.
• 53:27
  You can't debase your currency. You have to provide a product
• 53:30
  that someone is willing to give up their Bitcoin for.
• 53:34
  What product are politicians providing towards you?
• 53:37
  They say my Rd. but my roads are fucking trashed, like they don't
• 53:41
  provide good services. What is going on?
• 53:43
  How is this so? Like, how do people not get
• 53:46
  this? But of course where the crazy
• 53:47
  Bitcoin is, and I and I just fully like Alex Jones this.
• 53:50
  So like, obviously this message isn't going to get across by
• 53:52
  anyone that's listening to this just 'cause I got said
• 53:54
  triggered. What the?
• 53:56
  It's just like it's so simple, man.
• 53:57
  Like your politicians out there that are fighting Bitcoin,
• 54:01
  whether they're central bankers or bureaucrats.
• 54:05
  Maybe we stepped a little bit out of the ovation.
• 54:07
  Window to stop. I apologize slightly, slightly,
• 54:10
  a little bit. Your politicians are for
• 54:12
  limiting. But I'll, I'll, I'll tell you
• 54:14
  this, our Rumble audience. Is popping the phone up 62
• 54:19
  followers in there today. OK, but let's actually break
• 54:22
  down like, you know, a lot to use.
• 54:24
  A lot of very powerful. Records, I was yelling, I
• 54:27
  apologize. So let's kind of break it down,
• 54:29
  like why we make the case that if you're against Bitcoin,
• 54:33
  you're you're for theft, right? So essentially, if you're
• 54:39
  against Bitcoin, you are supporting central bank digital
• 54:43
  currencies, you're supporting Fiat, right?
• 54:46
  Built in by design into Fiat is the devaluation of currency,
• 54:52
  right? So the devaluation of your
• 54:53
  purchasing power. The data shows that affects the
• 54:57
  lower and middle classes the most.
• 54:59
  So if a politician is against Bitcoin, they're for Fiat.
• 55:03
  And Fiat money has inflation baked in, which a lot of
• 55:07
  bitcoiners make the argument that inflation is theft.
• 55:10
  I believe that as well. Maybe you could you know, some
• 55:13
  academic could say no, that's not technically right.
• 55:16
  Like, I don't know how That's not really it's it's it's a it's
• 55:20
  it's a tax. Like, it's a form of taxation.
• 55:22
  Look, Bitcoin has proven that money can exist, that not only
• 55:28
  does it not lose purchasing power, it actually increases in
• 55:32
  purchasing power over time because there's a cap supply.
• 55:37
  So it's proven that there's an alternative to Fiat currencies.
• 55:40
  Now what they would like you to believe, the Keynesians, is that
• 55:43
  the world would burn down spontaneously combust because if
• 55:49
  you don't have inflation, people aren't going to spend and buy
• 55:51
  shit. I think that's bullshit.
• 55:53
  I'm calling bullshit on that. Like, look, you're going to live
• 55:57
  your life, you're going to want to buy things, right?
• 56:00
  Just cause. Like wealth effect is real.
• 56:03
  Like I I'm still going to want an iPhone or like the an Android
• 56:07
  or you know like if a new phone comes out and I like it, I'm
• 56:09
  still going to fuck it. I'm still going to buy it, you
• 56:12
  know, I'm still going to buy, you know, I I like, I love text.
• 56:16
  So like I'm still going to buy a computer.
• 56:17
  I'm still going to buy a camera. I'm still going to buy a
• 56:19
  microphone, right. Like it it it's like it's not
• 56:22
  going to stop me from buying things So so yeah.
• 56:26
  So I think you know I agree with your the rhetoric might be
• 56:29
  strong. It might be a little bit out of
• 56:30
  the Overton window. Right.
• 56:33
  But in essence, I do agree with you 100%.
• 56:37
  I do agree. You know, it might be like it's
• 56:40
  like I do agree. I I think that that if you're
• 56:43
  against Bitcoin, you're against freedom, you're against, you
• 56:48
  know, you're for money that steals from people like.
• 56:52
  And you know you could spin it in any type of way and you can
• 56:56
  you could like kind of say that no, that's not true.
• 56:59
  Like but like please present to me a counter argument.
• 57:03
  Like please like I I I don't see one right, 'cause like, OK, so
• 57:08
  if you're if you're against Bitcoin, then you're for Fiat
• 57:11
  money. OK, fine.
• 57:12
  You're for Fiat money. The government should have the
• 57:15
  ability to issue money. But what about inflation then?
• 57:18
  You talk about, OK, but what if they get it to this 2%
• 57:21
  inflation, OK, they get it to this 2% inflation, it's still
• 57:24
  losing 2% of purchasing power a year and that that compounds
• 57:29
  over time. And that's in stark contrast
• 57:32
  with Bitcoin, which your purchasing power increases over
• 57:34
  time. So I mean, like one is obviously
• 57:38
  better for the individual than the other.
• 57:41
  And OK. And then the argument that the
• 57:43
  other argument that they would say is like, no, the volatility.
• 57:46
  The volatility, yeah, OK, fine, there's volatility.
• 57:49
  But that volatility over a year, a three-year and a five year
• 57:53
  time scale, it is, it goes up and to the right, right.
• 57:57
  And Fiat is literally designed to go down and to the right
• 58:01
  forever. So you can say maybe on a short
• 58:04
  term basis that yeah, the volatility is crazy.
• 58:07
  OK, fine, you can make that argument.
• 58:10
  It's a fair argument, right? But you can't deny that over a
• 58:15
  five year timescale, over the last 10 years, Bitcoin has been
• 58:20
  a better money than Fiat currencies.
• 58:22
  Period. The data's there.
• 58:24
  It's freaking undeniable at this point.
• 58:27
  I've been living under a Bitcoin standard for seven years, been a
• 58:31
  great decision Opti, roughly the same around of time.
• 58:34
  It like I don't think I've met someone who is fully gone on to
• 58:39
  a Bitcoin standard that has gone on to tell me, oh, I regret it,
• 58:43
  I'm going to go back to Fiat. I don't think I've met someone
• 58:46
  who's ever told me that in in my life.
• 58:47
  I've met people that that bought the top and then they get
• 58:51
  demoralized. And then they get, you know,
• 58:53
  they're like, oh, I don't want to partake in this anymore.
• 58:56
  But I've never met someone who held.
• 58:58
  They held, right. They experienced the pain.
• 59:01
  They paid the price of tuition like Naimbu Kayla and Michael
• 59:04
  Saylor are doing right now, right?
• 59:06
  And they made it over the hill. They made it to the other side.
• 59:08
  I've never met someone that's like, you know what, those
• 59:13
  dollars, I'm going to go back to them.
• 59:14
  They're great. They're delicious.
• 59:16
  I love those $1000 limits. This is wonderful.
• 59:19
  Like, no, I, I I don't think I've ever met someone that has
• 59:22
  made that argument to me before. So yeah, like Opti's rhetoric.
• 59:26
  I'm not going to be like be intense and be like strong and
• 59:31
  like whatever. But.
• 59:33
  Opti Jones in the chat today. Opti Jones in the chat today.
• 59:37
  I like I I just, I I agree with you bro.
• 59:39
  I agree with you. Anyways, I want to ever give a
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  the meme review. Let's do it.
• 1:00:30
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  we're running long. I could go straight to the meme
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  that, yeah, it's. Probably happened before, but
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  anyways anyways, I don't think so.
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  Yeah, no, but we we catch it before I.
• 1:01:23
  I thought you were. I thought you were throwing a
• 1:01:24
  curveball anyways. Anyways, that's that's beside
• 1:01:26
  the point. We we are running.
• 1:01:27
  I guess maybe this is a Friday show and we'll run long.
• 1:01:29
  Anyways, this is a Friday. All right guys, so last week if
• 1:01:33
  you hung out with us in Twitter Spaces, a pretty well known
• 1:01:38
  bitcoiner. Did did a classic trope from
• 1:01:42
  like 2017 about how like huddling Bitcoin isn't enough
• 1:01:46
  and and I'm not going to do the whole huddle verse spending
• 1:01:49
  Bitcoin, It's it's very Keynesian as far as I'm
• 1:01:51
  concerned. But it sent me down a rabbit
• 1:01:53
  hole and I know how much you guys love when I read the
• 1:01:58
  classics and in my opinion, the classic Bitcoin literature.
• 1:02:02
  And so I was looking for something to go on this idea.
• 1:02:06
  Of like why huddling is important.
• 1:02:08
  Obviously I've I've I've broken this down on the show multiple
• 1:02:11
  times. Your money needs to store value
• 1:02:13
  through time and space. What is huddling but just
• 1:02:16
  holding value through time. So don't don't don't let the
• 1:02:20
  scammers out there because everyone's a scammer tell you
• 1:02:22
  that you shouldn't be huddling Bitcoin.
• 1:02:23
  Of course you should huddle Bitcoin.
• 1:02:25
  But I came across this article on Nakamoto Institute chats at
• 1:02:29
  the Pierre Rochardi. It's it's 10 years old at this
• 1:02:31
  point, which is absolutely mind blowing and it basically there
• 1:02:34
  was a line in there. I'm going to read it for you
• 1:02:37
  guys, but there's a line in there that is something we say
• 1:02:40
  all the time, and this is 10 years old, guys.
• 1:02:42
  It's there's no political solution to this.
• 1:02:44
  There's no political solution to fixing the current Fiat system.
• 1:02:49
  It is opting out and getting on the Bitcoin standard so.
• 1:02:53
  I'm over here in Nakamoto Institute again guys.
• 1:02:55
  I know everyone gets caught up on on the the new current thing,
• 1:02:59
  but highly recommend you go read the classics over there on
• 1:03:02
  nakamotoinstitute.org, Shouts out the Piero Shard and
• 1:03:05
  Bitstein. Absolute goats wouldn't be here
• 1:03:07
  without them. Anyways, there's this article
• 1:03:09
  here guys. And the Fed hoard bitcoins.
• 1:03:12
  You know he's using the Keynesian terminology of
• 1:03:14
  hoarding. I would call it hoggling.
• 1:03:16
  I would call it savings. Hoarding is a good word in my
• 1:03:20
  opinion, and not a bad word like the Keynesians would like you
• 1:03:22
  believe anyways. And the Fed?
• 1:03:24
  You're a hoarder. Why are you hoarding them?
• 1:03:26
  Coins? Give them to me.
• 1:03:28
  Spend them. Everyone's a scammer anyways.
• 1:03:30
  And the Fed hoard Bitcoin. Pierre Rochard, February 19th,
• 1:03:33
  2013. Absolutely incredible.
• 1:03:36
  Pierre Rochard was able to write this ten years ago, and he's
• 1:03:39
  still kicking ass out there and taking Wall Street Journal.
• 1:03:44
  Or was it New York Times? Whatever.
• 1:03:47
  Anyways, just fucking owning them.
• 1:03:49
  Sorry. Anyways let's read this guys
• 1:03:51
  because it is 10 years old. So I will update a few things
• 1:03:53
  and I will show you where we've come since this and how we are
• 1:03:58
  exactly on plan and tapping exactly as design.
• 1:04:02
  Anyways, let's read this guys for you guys that have not read
• 1:04:05
  it. Or are newer to Bitcoin.
• 1:04:08
  The libertarian strategy for undermining Fiat currencies has
• 1:04:11
  always centered on making gold and silver viable alternatives.
• 1:04:14
  This effort has failed because it is impossible to compete
• 1:04:17
  against a digital currency like the dollar with a physical
• 1:04:20
  commodity due to the high transaction costs associated
• 1:04:23
  with the latter. The only way metals can succeed
• 1:04:26
  is if Fiat failed. While it may be the case that
• 1:04:29
  Fiat currencies inevitably collapsed over the long run,
• 1:04:32
  waiting for this possibility is unacceptable given the amount of
• 1:04:35
  damage that central bank. Are inflicting on humanity's
• 1:04:38
  accumulation of capital. Talk about this constantly.
• 1:04:41
  We even talked about in the beginning of the show the mantra
• 1:04:43
  of passing an audit the Fed bill.
• 1:04:45
  My marrying in scandal and legalizing currency Competition
• 1:04:49
  ignores public choice economics as well as the fact that digital
• 1:04:52
  Fiat currencies have already won the competition against medals
• 1:04:56
  and would win it again. We don't need another political
• 1:04:58
  solution to an economic problem. What we need is a more
• 1:05:02
  competitive market currency. Enter Bitcoin again.
• 1:05:05
  We say this all the time. There's no.
• 1:05:06
  Political solution We don't need another political solution to an
• 1:05:09
  economic problem. What we need is a more
• 1:05:11
  competitive market currency. Enter Bitcoin.
• 1:05:14
  Low transaction costs make Bitcoin the most competitive
• 1:05:17
  medium of exchange in humanity's history.
• 1:05:19
  And it may be the case that a currency with even lower
• 1:05:22
  transaction cost is theoretically impossible.
• 1:05:25
  To learn more about Bitcoins, it's It's linking to another
• 1:05:27
  article and here we go. Bitcoin white superior.
• 1:05:30
  Here's a chart You know storage of Bitcoin is free, 100% reserve
• 1:05:33
  transportation is free and easy. Security is cryptographic.
• 1:05:36
  There is no fiduciary media record keeping is automatic.
• 1:05:40
  Counterfeiting is impossible, the issuance is algorithmically
• 1:05:44
  enforced, payment clearing is cheap and distributed.
• 1:05:47
  The scarcity is fixed at 21 million hard cap and authentic
• 1:05:51
  authentication. Authentication is built in.
• 1:05:55
  Is why you run notes anyways. Bitcoin is slowly supplanting
• 1:05:58
  metallic and Fiat mediums of exchange is currently
• 1:06:01
  transitioning from the innovators to early adopters.
• 1:06:03
  Phase Here's the the the technological adoption life
• 1:06:06
  cycle. Who knows where we are, but
• 1:06:08
  we're probably in the. Early early adopters era
• 1:06:11
  anyways. This transition is accelerated
• 1:06:13
  by new intermediaries like exchanges and they use Coinbase
• 1:06:16
  which you you just know how outdated this is that are
• 1:06:19
  driving down the cost of selling Fiat money for bitcoins at the
• 1:06:22
  same time as demand is increasing.
• 1:06:24
  Bitcoin inflation slowed considerably due to the block
• 1:06:27
  reward having, and we're about to see another one in what, like
• 1:06:31
  April Ish? Anyways, the dollar value of all
• 1:06:34
  bitcoins in existence now exceeds 500 billion.
• 1:06:38
  Here it was 300 million. Look at that growth and this
• 1:06:41
  leads us to an interesting question.
• 1:06:43
  Is the values of Bitcoin as speculative bubble?
• 1:06:46
  The price of Fiat currencies and the debts denominated in Fiat is
• 1:06:49
  a bubble that will burst. The relevant question is when
• 1:06:51
  the purchasing power of bitcoins will peak.
• 1:06:53
  The appreciations of bitcoins relative to consumer goods will
• 1:06:57
  slow down when the adoption rate tapers off, and hoarders will
• 1:07:00
  use their gains to buy consumer goods again.
• 1:07:03
  Toddlers will use the gains to buy consumer goods.
• 1:07:06
  Simultaneously, Fiat currencies will be in a hyperinflationary
• 1:07:08
  tailspin and real interest rates will be spiking.
• 1:07:11
  High interest rates will incentivize hoarders of Bitcoin
• 1:07:14
  to buy productive investment assets and lend to borrowers
• 1:07:17
  now. Unencumbered by Fiat denominated
• 1:07:20
  debts. At that point, Bitcoin's
• 1:07:21
  purchasing power for capital goods, IE interest rates, will
• 1:07:24
  decline but the purchasing power for consumer goods will continue
• 1:07:27
  to drift higher due to productivity fueled deflation.
• 1:07:30
  If you're interested in getting rid of central banking, I would
• 1:07:32
  recommend hoarding bitcoins by transferring your dollars to an
• 1:07:36
  exchange and sending the bitcoins you buy to a secure
• 1:07:38
  computer. This hoarding sets off a
• 1:07:41
  virtuous feedback loop that accelerates Bitcoin adoption.
• 1:07:44
  So here is where. I kind of got into the original
• 1:07:49
  idea of like huddling is using Bitcoin.
• 1:07:51
  And then of course that there is no political solution to this.
• 1:07:55
  And look at this chart. It's so beautiful.
• 1:07:56
  You know, hoarding or huddling Bitcoin leads to a higher
• 1:07:59
  Bitcoin price, which leads to minor profitability and media
• 1:08:03
  attention. And with higher mining
• 1:08:04
  profitability, the total hashing power goes up, the security of
• 1:08:08
  the network goes up, and with that comes the perceived
• 1:08:11
  legitimacy. And with that comes more people
• 1:08:14
  adopting Bitcoin, and more people hoarding Bitcoin, and
• 1:08:17
  then more businesses and merchants accepting Bitcoin.
• 1:08:20
  Well, this article was 10 years old, so of course Hodling is a
• 1:08:25
  use case. And let's just update a few of
• 1:08:27
  the things we were talking about first.
• 1:08:29
  You know, higher. He got it.
• 1:08:31
  He got it. So right.
• 1:08:33
  So like 10 years ago, so, right. All right.
• 1:08:35
  First one, higher interest rates.
• 1:08:36
  Well as you guys have been following and we all know
• 1:08:39
  Bitcoin twitters turned into macro, macro, macro.
• 1:08:41
  You know feds interest rate history, the federal fund rate
• 1:08:44
  from 8/19/81 to the President and the first.
• 1:08:48
  Literal sentences on this, the ultra low rates consumers had
• 1:08:51
  grown accustomed to since living in the throes of the 2008
• 1:08:54
  financial crisis, have all but certainly come to an end in just
• 1:08:57
  a year and a half. And this was September 20th 2023
• 1:09:00
  when this was written or released.
• 1:09:02
  In just a year and a half, the Federal Open Market Committee
• 1:09:04
  has lifted interest rates 11 times, bringing its key federal
• 1:09:07
  fund rates to a target range of 5.25 to 5.5%.
• 1:09:11
  That's the highest since early 2001, a bank run analysis of the
• 1:09:15
  feds moving throughout history showed.
• 1:09:17
  So higher interest. OK.
• 1:09:18
  What's the other thing he said with more adoption there will
• 1:09:22
  come more mining profitability and the hash rate will continue
• 1:09:25
  to go up. Well, where was it in 2003 in
• 1:09:28
  February ish, what 27, 2013, that's what I say, right?
• 1:09:32
  What I say you said, Oh yeah, sorry, February 2013 hatch rate
• 1:09:36
  was at 27 Tara hashes and now we're at 421, roughly 421 extra
• 1:09:41
  hashes. It's going absolutely
• 1:09:43
  astronomical, so. And we have been covering on the
• 1:09:47
  show constantly the amount of media attention.
• 1:09:51
  So of course Hodling is a use case.
• 1:09:53
  Of course Bitcoin is growing. Of course Pierre Rochard is just
• 1:09:56
  a go and has been calling this for 10 years now.
• 1:10:00
  Bitcoin is going exactly as design guys and with everything
• 1:10:04
  we're seeing and and kind of circling this back to the
• 1:10:07
  beginning of the show. With the amount of acceleration
• 1:10:11
  we're seeing from the central bankers and the bureaucrats and
• 1:10:13
  and them scrambling for control and them scrambling to paint us
• 1:10:17
  all as criminals because all we really want to do is saving
• 1:10:19
  something that they can't steal from us.
• 1:10:22
  It's becoming very clear. And I know Nico and I well,
• 1:10:25
  rather more Nico than I. We've been very generous for the
• 1:10:28
  whole year and now I'm I'm just doubling down on the idea that
• 1:10:32
  they're not naive. The politicians and the bankers,
• 1:10:35
  they're not naive. They know exactly what the game
• 1:10:37
  is. And as they accelerate and lose
• 1:10:41
  control of the truth, it's all because of one reason.
• 1:10:47
  It's because they know they are losing this war.
• 1:10:49
  And I shout out to my boy Tucson, because he put it so
• 1:10:52
  eloquently. And maybe this is a little harsh
• 1:10:55
  and Nico's Ives, but I 100% agree with this.
• 1:10:58
  All the government spending you see today is not people being
• 1:11:00
  irresponsible or stupid. They are literally looting as
• 1:11:04
  quickly as they can before the system collapses.
• 1:11:09
  Hold on, hold on Nico. Let me let me finish and look at
• 1:11:12
  the US national debt guys. Remember the amount of looting
• 1:11:15
  that they've done? It's almost $34 trillion.
• 1:11:18
  And that doesn't even account for all the unfunded liabilities
• 1:11:21
  over here at, what, 194? Almost $195 trillion Anyways, to
• 1:11:27
  wrap this up guys, everything is going exactly as planned.
• 1:11:30
  Stay humble. Stacks out.
• 1:11:31
  Stay solvent. We are winning.
• 1:11:33
  If you really don't believe in central banks, you need to
• 1:11:36
  huddle bitcoins. Huddling is a use case.
• 1:11:39
  Everyone's a scammer. Hold as much Bitcoin as
• 1:11:41
  possible. Anyways, Nico, you can jump in
• 1:11:44
  and then we can go into music. I went for Opti Jones on today's
• 1:11:47
  show. I am not.
• 1:11:49
  It is what it is. Oh, man.
• 1:11:53
  OK, so a lot to unpack there. I, I, I, I, I think American
• 1:12:00
  Hodel's tweet comes to mind where he said no one is better
• 1:12:04
  than their incentives. I don't think they see it as
• 1:12:07
  looting and that that's not a justification or anything like
• 1:12:11
  that. But I think that you have a
• 1:12:14
  system of misaligned incentives where politicians are
• 1:12:18
  incentivized to get close to the money printer.
• 1:12:21
  And I think Bitcoin fixes the incentive structure.
• 1:12:24
  I think that these are just human beings that think that
• 1:12:28
  they're doing what's best not only for the world, but for
• 1:12:32
  themselves. Yeah, I'm sure there's some evil
• 1:12:35
  people out there, you know, but I think that most central
• 1:12:39
  bankers are just trying to just pay off their mortgage just like
• 1:12:42
  everybody else. And I think that could be taken
• 1:12:46
  as like, you know, these people are evil and this and this and
• 1:12:50
  that. I think that once you fix the
• 1:12:52
  incentive structure and the incentive structures aligned
• 1:12:55
  right like in the Bitcoin system, then I think people are
• 1:12:59
  incentivized to do good. And because they're incentivized
• 1:13:02
  to do good, it like it, it all kind of works in harmony.
• 1:13:05
  And I think we have a system where you're incentivized to do
• 1:13:09
  bad, right, like you're incentivized to, you know, to
• 1:13:14
  cut corners, to put it gently and nicely.
• 1:13:18
  And I think that that's really what is, you know, what is the
• 1:13:22
  cause of a lot of this behavior, right.
• 1:13:25
  But of course, like, I understand Opti's emotion,
• 1:13:28
  right? If you are under the age of 35,
• 1:13:32
  it has never been as expensive to own a home, right?
• 1:13:35
  It's been, it's much more difficult than it was for our
• 1:13:39
  parents generation and the generations before them, right.
• 1:13:43
  So you know it. It's thank God for Bitcoin for
• 1:13:47
  these moments, right. And again like I I I wouldn't
• 1:13:52
  you know I wouldn't say that Janet Yellen or Christine
• 1:13:56
  Lagarde. I I truly believe.
• 1:13:58
  I don't think they think like I truly believe they think they're
• 1:14:01
  doing what's best, what what's. That thing that there's you.
• 1:14:04
  You can't convince someone of something when their job depends
• 1:14:09
  on it or whatever. Yeah, exactly.
• 1:14:12
  You can't. Yeah, yeah, I remember that
• 1:14:13
  quote. I can't.
• 1:14:14
  I can't remember the exact quote off the top of my head, but
• 1:14:17
  yeah, you can't convince someone that they're doing something
• 1:14:19
  wrong if their income or their job depends on it, right?
• 1:14:23
  So I just I just you know that that's what I.
• 1:14:28
  Got to say about I like this, a good good balance.
• 1:14:31
  Where I I'll go off the edge and you're the sober one here.
• 1:14:34
  But before we go on to the meme review, there's a good comment
• 1:14:36
  over here on Rumble and it goes Opti Jones 1.
• 1:14:39
  Lagarde 0. Shout out to the rumble, John.
• 1:14:46
  Oh man. But yeah, yeah, look, Bitcoin
• 1:14:49
  fixes this. I think that I think this is
• 1:14:52
  what this is, what Fiat does it it it did, you know, it
• 1:14:57
  misaligns the incentives and I think it brings the worst out of
• 1:15:00
  humanity, and I think Bitcoin brings the best out of humanity.
• 1:15:04
  So anyways, that's my take. But I understand opti's emotion,
• 1:15:10
  and I understand where his frustrations are coming from,
• 1:15:12
  'cause I think a lot of us feel that way, especially if you're a
• 1:15:15
  zoomer. If you're a millennial, what is
• 1:15:17
  before Zoomer? I don't even know.
• 1:15:19
  After I think they call them Gen. like alpha now or
• 1:15:22
  something. That's so weird.
• 1:15:26
  Not that it's not weird, it's just it's the first time.
• 1:15:29
  Yeah, I think they call them Generation Alpha.
• 1:15:31
  It's like they restarted. So Gen.
• 1:15:32
  Z, Yeah. Start with the A.
• 1:15:35
  Yeah. All right, well, I'm excited for
• 1:15:37
  the meme review. Oh, I got some good ones.
• 1:15:39
  Let's hit that. OK, all right, let's hit the
• 1:15:41
  meme review, everybody. Let's do it.
• 1:15:46
  The Daily Meme Review. All right guys, this is all.
• 1:16:07
  Right guys, This is the meme review where you guys send me
• 1:16:10
  memes. Tag me on Twitter.
• 1:16:13
  Simply Bitcoin TV. Really the best way to get me
• 1:16:15
  now is at Optimus field because the the our Twitter account is
• 1:16:19
  getting crazy. Or drop them in our telegram
• 1:16:21
  group T dot me slash you're going to regret.
• 1:16:25
  It's whatever. It's fine.
• 1:16:26
  Blow up my, blow up my notifications.
• 1:16:28
  They're off. I I I no just join our I.
• 1:16:31
  Tell them to join the telegram group and no like they're
• 1:16:33
  starting to drop the memes now like look, look join our
• 1:16:37
  telegram group. Go to T dot me slash simply
• 1:16:39
  Bitcoin TV. You could join there.
• 1:16:41
  It's a party. Drop them in there.
• 1:16:43
  People are just dropping memes. I need the Twitter.
• 1:16:45
  I need the tweet. So I can give them credit guys.
• 1:16:48
  Either way, it doesn't matter. We will adjust and I'll tell you
• 1:16:51
  to not tag me in the future, but in the meantime it is OK.
• 1:16:54
  Tweets are the bullets, Memes are the artillery.
• 1:16:56
  We are in an information war and you are frontline soldiers.
• 1:17:00
  Continue to get the cause of action out there.
• 1:17:01
  Continue to ridicule the corporate press.
• 1:17:04
  Continue to make the funniest to keep your friends heads in the
• 1:17:07
  game. Anyways, 1st meme shouts out to
• 1:17:09
  my boy world of Rusty and on Nico's post of bit corner
• 1:17:13
  slavery he dropped this GIF of the Gilf Christine Lagarde as a
• 1:17:22
  reptilian demon. And it goes.
• 1:17:24
  It's your choice in in parentheses a currency that
• 1:17:27
  steals from you, or a currency that enslaves you.
• 1:17:31
  Not Doesn't sound like a choice to me.
• 1:17:33
  It it really doesn't sound like a choice at all.
• 1:17:35
  Opt out. Bitcoin or slavery.
• 1:17:37
  Bitcoin or death? Bitcoin or annihilation.
• 1:17:42
  Doubling down on it. I'm going full Opti Jones today.
• 1:17:44
  It's all right. I don't do it often anyways.
• 1:17:47
  Next meme shouts it to my boy Nick Can't mine.
• 1:17:49
  And I'm sure you guys saw this morning Bitcoin just kissed 30K
• 1:17:54
  and he's got this tweet here and it goes $30,000 Bitcoin.
• 1:17:59
  And we got a Pepe here looking at the it's the meme of the guy,
• 1:18:03
  like looking over into the abyss, but it's like a Pepe and
• 1:18:07
  he shit his pants. Because I'm thinking we're back.
• 1:18:10
  I'm thinking we're so back. Oh, actually, actually, let's
• 1:18:14
  what's the chat think? Chat thinks the bull run has
• 1:18:18
  started. So we're so bad.
• 1:18:20
  We are so bad. OK, the next meme is by TK.
• 1:18:25
  Chat led to TK. He's in the chat or in the
• 1:18:28
  Telegram group at toxic cat 27. And we got this kid here with no
• 1:18:33
  shirt on. He's gambling at the casino and
• 1:18:36
  the kid is the banking parasites and the the slot machine is
• 1:18:42
  government debt and them just keep pulling on the on the lever
• 1:18:46
  and it's your entire life saving.
• 1:18:48
  This is what's going on. The banking parasites.
• 1:18:51
  The bureaucrats out there. The lizards, whatever you want
• 1:18:55
  to call them, they are gambling with your life savings.
• 1:18:59
  It is absolutely incredible. Anyways, next one is Ghost to
• 1:19:03
  back. Then it goes Good morning
• 1:19:04
  Hashtag Bitcoin Pump and we got the silverback gorilla with his
• 1:19:07
  hand on his head and he's so concerned because you do not
• 1:19:10
  have enough Bitcoin and we all feel the same way.
• 1:19:12
  Once Bitcoin starts pumping, it's like damn, I probably
• 1:19:15
  shouldn't shouldn't have bought that one thing.
• 1:19:18
  Everyone's a scammer, including myself.
• 1:19:20
  You are usually the biggest scammer because you scam
• 1:19:22
  yourself out of Bitcoin. Don't take your foot off the
• 1:19:25
  gas, all right? Next meme is by the BTC
• 1:19:27
  therapist. OK, today's episode.
• 1:19:30
  OK, today's episode. All right.
• 1:19:35
  Hold on. That's your meme review score,
• 1:19:38
  All right, It's it's on it's, it's it's on the border of
• 1:19:42
  radical OCTI, OK? Radical we got to we got to
• 1:19:46
  move. We got to move this is.
• 1:19:48
  Sensible and popular amongst my demographics.
• 1:19:53
  We got to move that closer to the middle, bro.
• 1:19:58
  All right, all right. Hey, call me the crazy, crazy
• 1:20:04
  uncle. I'm OK with this.
• 1:20:06
  Crazy uncle Jim. Anyways, BTC therapist, the
• 1:20:09
  battle has just begun. Hashtag BTC.
• 1:20:11
  Just deep dumbling down, are you Nick?
• 1:20:13
  This is going to end very good. Look, we got the giant beast
• 1:20:16
  here. U.S.
• 1:20:17
  National debt with the money printer and us you know David
• 1:20:20
  versus Goliath. With the Bitcoin logo.
• 1:20:23
  The Bitcoin logo. And that's fighting the monetary
• 1:20:26
  demons. OK, next one Canute spawn home
• 1:20:30
  Pill or Suppository. Your choice, Take the orange
• 1:20:32
  pill now, or you take the orange Bitcoin Suppository later.
• 1:20:37
  You can make it easy on yourself.
• 1:20:38
  Be wise. Learn from what we're saying.
• 1:20:40
  Our mistakes saving Bitcoin or you know the the economic
• 1:20:45
  reality of printing too much money will force you to take
• 1:20:49
  Bitcoin. And this last one, Nico, this is
• 1:20:51
  this is the one that came out of our slack.
• 1:20:54
  So Copernicus in the chat triggered.
• 1:20:57
  Here's Opti on the couch. With the central bankers and
• 1:21:07
  bureaucratic parasites and we got Jay Powell, Chrissy Lagarde,
• 1:21:11
  Janet Yellen, Augustus Carson and Gary Gensler.
• 1:21:18
  Shut up, Sophie. You're creating that?
• 1:21:20
  Oh my. Goodness, today's today's meme
• 1:21:23
  review score for me is the Overton Window all right?
• 1:21:27
  And I see a lot of sensible chats and popular.
• 1:21:31
  If if you are in the middle, you are toast.
• 1:21:35
  If you are in The thing is guys OK, the more you go to
• 1:21:39
  unthinkable and radical what you do is you exclude people that
• 1:21:45
  haven't taken the orange pill yet.
• 1:21:47
  So sometimes it's a good guys like Nico's Nico spin facts and
• 1:21:53
  I know I went full Opti Jones got triggered on the show today.
• 1:21:56
  But I say it all the time, You know, what we are doing here is
• 1:22:00
  narrative trench warfare. And as much as it's a knee jerk
• 1:22:05
  reaction to just like, go full crazy and like, you know, fool
• 1:22:09
  Charlie Day on people, it's really about, you know, holding
• 1:22:12
  their hand slowly but surely, guiding them towards the truth
• 1:22:17
  and getting them over the Overton window.
• 1:22:19
  Whoa. I got a huge Hornet in my dad's
• 1:22:23
  office. That's crazy.
• 1:22:25
  OK, all right, my score for today, My score for today is
• 1:22:29
  this petrified wood. This rock.
• 1:22:31
  Petrified wood Here, it's a rock, but it's petrified wood.
• 1:22:37
  OK, anyways, that's pretty. Fucking cool.
• 1:22:41
  Is it a rock? Is it a rock?
• 1:22:42
  Or is it or is it wood? No one knows it's petrified
• 1:22:46
  wood. It's rock.
• 1:22:47
  It's a rock, but it's petrified wood.
• 1:22:51
  My my dad likes petrified wood anyways.
• 1:22:56
  Anyways, drop your meme review score in the chat.
• 1:23:02
  I'm so confused. You've never seen petrified Wood
• 1:23:04
  before? And what does that even mean?
• 1:23:07
  I don't even know what that means.
• 1:23:08
  It means it was wood. It was a tree.
• 1:23:13
  And over time, it became a rock. Wow, dude.
• 1:23:18
  Jeez, you've never been in a forest before.
• 1:23:20
  You've never seen these things? Dude, Wow, you're so Miami.
• 1:23:24
  It hurts. There's too.
• 1:23:26
  There's too many palm trees. Oh, Miami guys.
• 1:23:29
  Check out our merch if, if, if. If you don't buy our merch wine
• 1:23:33
  will get very upset. If you don't buy our merch,
• 1:23:35
  we're poor. Help support the show.
• 1:23:40
  It means a lot to us guys. It really does.
• 1:23:42
  It really does and it really, you know, it helps us a lot.
• 1:23:46
  We got a bigger crew than you guys would think.
• 1:23:49
  Yeah, a lot shouts out to everyone behind the scenes.
• 1:23:51
  That makes sure simply Bitcoin brings you guys all the sauce.
• 1:23:55
  Should we start dropping? There's too many names.
• 1:23:57
  I don't want to miss anyone. Jacob, Chris.
• 1:24:00
  Zach Rustin, Honey Shark tack wine, rusted Morpheus.
• 1:24:10
  That's everyone. I think we Mike, Sophie, Sophie,
• 1:24:16
  Yeah, I think that's it. Just like ten of us, including
• 1:24:19
  us. Anyways, help by and we'll get
• 1:24:23
  you guys the other merch too. We'll work.
• 1:24:25
  For Yeah, actually actually yell at Nico, because he's the
• 1:24:29
  Treasury right now. Wait, what?
• 1:24:33
  We haven't even gotten rid of the I know I.
• 1:24:36
  Know. Do you want me to buy more
• 1:24:38
  fridge? OK, All right, all right.
• 1:24:40
  I'm a free market, maxi. They want the.
• 1:24:45
  They want the merch, if you know, you know.
• 1:24:50
  All right, all right, all right. All right.
• 1:24:52
  All right. What a wow.
• 1:24:53
  We I really derailed today's show.
• 1:24:58
  I don't approve of any of this, all right?
• 1:25:02
  OK. Tora.
• 1:25:08
  Paddle My me. My meme Score Yesterday's Meme
• 1:25:12
  Factory Show Happy 40 Fug Special.
• 1:25:16
  Yeah, Happy birthday Greg. I dropped him.
• 1:25:17
  Is he 40? Was his 40th birthday yesterday.
• 1:25:20
  Well, that's some. That's awesome, dude.
• 1:25:22
  Happy birthday, Greg. Legendary memeur of Bitcoin.
• 1:25:24
  Twitter Sicko 05 Game of the Year Shadow of the Colossus on
• 1:25:29
  PS2 in 2005 OK, OK. I love video games, so I'm sure
• 1:25:35
  that would that provided some good memories for you, bro.
• 1:25:37
  Igor, A radical lizard Suppository.
• 1:25:41
  OK. Hey, very nice, very nice.
• 1:25:43
  Next one, Elaine Chrissy breaks down at the IMF conference,
• 1:25:48
  possesses her love for, then announces she has become a
• 1:25:52
  bitcoiner. Wow, that would be that would
• 1:25:55
  break the Internet. Skip down the road.
• 1:25:57
  Meme score 21 million. Author of The Jungle.
• 1:26:00
  Upton Sinclair. It is difficult to get a man to
• 1:26:04
  understand something when his salary depends on his not
• 1:26:08
  understanding. Thank.
• 1:26:09
  You That is the That's the quote.
• 1:26:13
  Planet Earth Gold is petrified. Useless money, OK?
• 1:26:19
  It's a good score. Are we buzzing?
• 1:26:21
  Last one, Are we buzzing? OK XX Meme Score 1 Petrified
• 1:26:26
  Blonde St. All right, guys.
• 1:26:32
  Thank you so much for for tuning into Simply Bitcoin.
• 1:26:36
  We appreciate all guys. I'm, I'm, I'm getting put back
• 1:26:39
  into the cage over here. I I guess I went too far over
• 1:26:42
  the Overton window. Your boy.
• 1:26:44
  Your boy went ballistic. No, no, no.
• 1:26:49
  I I think I got you riled up. I think you did.
• 1:26:51
  Hold on. Wait, whoa, There's meme scores
• 1:26:53
  on Rumble. We Got a Fuck Banks by John
• 1:26:56
  Plumb. We got an Idle Threat Meme score
• 1:26:59
  Opti playing with his No no, no, that is wrong.
• 1:27:04
  OK, never mind not reading rumble meme scores.
• 1:27:07
  No, no Opti playing with his rock, his dad's rock.
• 1:27:11
  Like, no, no, I do not endorse that.
• 1:27:15
  It's a rock, bro. You're reading too much into the
• 1:27:19
  meme. Anyways guys, if you enjoyed the
• 1:27:24
  show, you know what to do. Smash that like button consider.
• 1:27:27
  Consider subscribing if you feel like we provided you value.
• 1:27:30
  But the number one thing you could do to help push the
• 1:27:32
  peaceful Bitcoin revolution is share this content.
• 1:27:34
  In fact, share all Bitcoin content.
• 1:27:36
  Don't be exclusive, be inclusive.
• 1:27:39
  And yeah guys, have an amazing weekend and we will see you guys
• 1:27:44
  on Monday for brand new episode of Simply Bitcoin Live.
• 1:27:49
  But if you want to join the after party and we'll be holding
• 1:27:52
  it down with Opti today. You can join us on Twitter
• 1:27:55
  Spaces, which we Co host with our friends over at Swan
• 1:27:58
  Bitcoin. Best place to build your Bitcoin
• 1:27:59
  stack? Shout out to the best producer
• 1:28:01
  in the game, Producer Jacob, and if you guys want to join the
• 1:28:05
  conversation and continue the topics that we talked about
• 1:28:09
  today, yeah, definitely join Twitter.
• 1:28:12
  But until then guys, like I said, have an amazing weekend.
• 1:28:15
  We will see you Monday 12:15 PM Eastern Standard Time for
• 1:28:18
  another episode of Simply Bitcoin Live.
• 1:28:21
  Peace out. Y'all.
• 1:28:34
  Yeah, that show was lit, absolute lit show.
• 1:28:39
  Had a great time, had a great.