Latest / Simply Bitcoin / Anti-Bitcoin Forces SABATOGE Argentina's Javier Milei | EP 846

Transcript

Anti-Bitcoin Forces SABATOGE Argentina's Javier Milei | EP 846 · Simply Bitcoin

• 0:09
  It's. All going to zero against
• 0:11
  Bitcoin. It's going up forever.
• 0:21
  You're against Bitcoin. You're against freedom.
• 0:25
  Yeah. Welcome to another episode of
• 0:27
  Simply Bitcoin Live. You're your number one source
• 0:30
  for the peaceful Bitcoin revolution.
• 0:31
  Recover. Breaking news.
• 0:32
  Culture. Medic warfare.
• 0:33
  We will be your guide through. The separation of money in state
• 0:36
  Speaking of the separation of money in state, it's one of
• 0:40
  those episodes. Javier Miley, who is currently
• 0:44
  the front runner to win the Argentinian presidency.
• 0:49
  He's being sabotaged left and right.
• 0:51
  Prosecutors charged them with the crime.
• 0:54
  They're using law. Fair and coincidentally, of
• 0:57
  course, a couple days before the election.
• 1:00
  The current government eliminated all income tax
• 1:04
  entirely. I wonder why they did that.
• 1:08
  You could say at this moment, at this moment, you could say that
• 1:12
  potentially he is a threat to the system, a threat to the
• 1:16
  status quo, a threat to the government's ability to create
• 1:22
  money for free that everyone else has to work for.
• 1:26
  So. Very, very interesting times
• 1:29
  that we're living through to say the least.
• 1:32
  And another thing that I wanted to bring up was the breaking
• 1:34
  news that was happening this morning.
• 1:38
  Coin Telegraph reported that the Black Rock Spot ETF was
• 1:42
  approved. That turned out to be a total
• 1:45
  hoax 1,000,000%. But it was very, very
• 1:49
  interesting. Like when I was making the title
• 1:52
  for the video, I was like BlackRock Spot Bitcoin ETF.
• 1:55
  Then 20 minutes later it turned out to be a hoax.
• 1:58
  The price of Bitcoin pumped to 30 Ki feel bad when it fell back
• 2:03
  down once again. And yeah man, so crazy, crazy
• 2:07
  stuff. I think people, if you've never
• 2:10
  I saw Steven Lipka tweet this, tweet it, tweet this this
• 2:13
  morning. If you've never experienced a a
• 2:16
  Bitcoin bull market cause your class of 2020, well this is what
• 2:20
  it feels like. It's just the green candles all
• 2:24
  the way up. But I I wonder who was behind
• 2:27
  that in Coin Telegraph they did, they did release a tweet that
• 2:30
  said that they were looking into it.
• 2:34
  Whoever was behind that, if they did it on purpose, they could
• 2:39
  have made a lot of money very quickly.
• 2:41
  And I don't know. I don't know, man.
• 2:45
  I I I'm suspicious these days. I'm reportedly suspicious these
• 2:53
  days. Anyways, it's gonna be a great
• 2:56
  show. We have a very special guest,
• 2:57
  Opti smiling. That means it's gonna be a very,
• 3:00
  very special show. Well, well, shouts out to the
• 3:02
  intern handling the coin. Telegraph.
• 3:05
  Twitter. Do you know how much shit we
• 3:07
  would get? You know how much shit we would
• 3:09
  get if we did that? Like, Oh my well.
• 3:12
  Everyone's calling to delete their account.
• 3:14
  It would be. Over for us.
• 3:17
  Yeah, it's it's crazy, but you know, I I dropped the chat.
• 3:21
  Pull Was this the start of the bull market 'cause I have a
• 3:24
  simple heuristic and a bear market.
• 3:26
  No amount of good news pumps the price and in a bull run,
• 3:29
  literally hot air pumps the price.
• 3:31
  So I don't know man. You know, maybe they didn't
• 3:36
  approve this, but it does seem like there is a lot of liquidity
• 3:40
  waiting on the sidelines. So shouts out to the intern that
• 3:42
  had a long this morning and probably cashed out.
• 3:44
  Or coin telegraphs have a long this morning.
• 3:46
  I don't know, but it's fun to wake up to some green candles,
• 3:49
  I'll tell you. 100% I want to bring up our very special
• 3:54
  guests. We got Terrance in the house.
• 3:56
  How you doing, Terrance? So Terrance and I met at Swan
• 3:58
  Salon Miami and and Nico doesn't remember who he met.
• 4:05
  He's he meets so many people that.
• 4:07
  That's not true, bro. You just had to.
• 4:09
  Give me you just had to give me a a a friendly nudge and be like
• 4:13
  this is where we met at this moment in time.
• 4:16
  But I I did. I remember I told you I was
• 4:18
  like, bro, come on the show. And I'm happy you made it on the
• 4:21
  show, bro. So we're super, super happy to
• 4:24
  have you. Opti.
• 4:25
  Why don't you talk a little bit about what we're going to talk
• 4:26
  about during the culture segment?
• 4:28
  Yeah, so Terence first and foremost wrote a book, Proof of
• 4:31
  Money. So we'll talk about that.
• 4:33
  And then also Terence wants to come on and help us Bitcoiners
• 4:37
  become better at Orange Pilling. So I'm excited for this
• 4:40
  conversation because I constantly.
• 4:42
  Either talk about this or I'm constantly asking myself this.
• 4:45
  I'm always reiterating on like man, how come people don't
• 4:49
  understand that we have the best money in the world?
• 4:51
  And I I I say it all the time. You know, if we're being honest
• 4:55
  with ourselves, I think bit corners were kind of bad at
• 4:56
  marketing because we have the best money in the world and
• 4:58
  everyone should embrace it. But hey, we'll talk about that
• 5:01
  during the culture. 100% All right, everybody, no more delay.
• 5:05
  Let's jump straight into the show.
• 5:06
  Let's do this. The Bitcoin numbers.
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  All right guys, let's check out the numbers.
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  Here we go. At the time of recording the
• 6:15
  Bitcoin prices 28,145 stats per dollar 3553 block height 812,478
• 6:24
  blocks to having 27,522 having estimate April 21st 2024 total
• 6:30
  Lightning network capacity 5300 Bitcoin.
• 6:33
  Capacity Value 149 million U.S. dollars Realized monetary
• 6:38
  inflation 1.74 Four 1.74% The market capitalization of Bitcoin
• 6:44
  $549 billion with AB and the Bitcoin versus gold market cap
• 6:49
  4.25% My favorite number. Is the realized monetary
• 6:54
  inflation because it's going to continue to take Fiat currencies
• 6:57
  to absolute school. Also, want to give a shout out
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  All right. So let's cover what happened
• 7:21
  this morning because. It was a bit of a shit show, so
• 7:25
  this was initially what happened.
• 7:27
  Coin Telegraph reports BlackRock Ishare Spot Bitcoin ETF has been
• 7:31
  approved currently. Coin Telegraph reported waiting
• 7:35
  for more. Everyone was asking for the
• 7:38
  source Walter Bloomberg which is a very great kind of news
• 7:44
  aggregator account. He even said SEC approve iShares
• 7:48
  Bitcoin spot ETF. And then the story started to
• 7:51
  develop. Spot Bitcoin ETF News has a
• 7:53
  second source, ladies and gentlemen, and apparently this
• 7:56
  was coming from Benzinga news writers, but it was reported by
• 7:59
  Reuters, right? So a more reputable source.
• 8:02
  And then things started to fall apart.
• 8:06
  Fox Business Eleanor Terrell says hold the phone.
• 8:09
  Stay tuned for more. Because she said BlackRock has
• 8:12
  just confirmed to me that this is false.
• 8:15
  Their application is still under review and.
• 8:19
  Keep in mind that this that this person Eleanor has an interview
• 8:22
  with Larry Fink later on in the day, Grayscale issued a
• 8:28
  statement says the Federal Rules of Appellate Procedures 45 day
• 8:33
  period to seek rehearing has now passed.
• 8:35
  The court will now issue its final mandate within seven
• 8:38
  calendar days. This the Grayscale team remains
• 8:41
  operationally ready to convert GBTC to an ETF upon the SE CS
• 8:46
  approval. And we look forward to sharing
• 8:48
  more information as soon as practical.
• 8:51
  So I mean, it was a bit of a fucking shit show, excuse my
• 8:55
  language. Like the price pumped the 30K
• 8:58
  right for for a short period of time.
• 9:01
  Everyone thought the spot Bitcoin ETF was going to be
• 9:04
  approved, but a lot of people were asking a lot of difficult
• 9:07
  questions like where's the source?
• 9:08
  What's going on here? Coin Telegraph went on to delete
• 9:13
  the tweet. And then even worse, not only
• 9:16
  did they delete the tweet, they released this, which was kind of
• 9:19
  funny. We apologize for a tweet that
• 9:22
  led the to the dissemination of inaccurate information regarding
• 9:27
  the BlackRock Bitcoin ETF. How many people got wrecked
• 9:30
  buying Bitcoin AT30K 'cause they knew that the this this ETF was
• 9:34
  approved. An internal investigation is
• 9:37
  currently underway. We are committed to to
• 9:39
  transparency and will share the findings of the investigation
• 9:42
  within with the public once it is concluded within three hours.
• 9:47
  And then a lot of bitcoiners. That made some really
• 9:49
  interesting point. We have Cadito Bastardo instead
• 9:51
  of immediately deleting it. Then you posted reportedly and
• 9:54
  now you're trying the MI culpa no Buenos serves.
• 9:58
  You could have just deleted it and claimed to have been hacked.
• 10:00
  Which begs the question, what was the price tag for such a
• 10:03
  tweet? A billion got wiped out of
• 10:06
  Bitcoin. Open, open interest alone.
• 10:08
  Such a headline was extremely profitable for anyone who knew
• 10:11
  it was it who knew in advance it was fake, both on the up up side
• 10:16
  and the retrace, Mitchell says. Where can I send the invoice for
• 10:21
  the new pair of pants? You owe me, right?
• 10:24
  So again, what Dylan Leclair said is very accurate.
• 10:30
  Someone could have made a lot of money.
• 10:33
  Doing this if it was on purpose, and if you've been in the market
• 10:37
  for a pretty long, long time now, these types of things don't
• 10:40
  happen unless they're on purpose.
• 10:43
  I don't know that for sure, but maybe I'm this fucking jaded
• 10:47
  bitcoiner that's been here for more than half a decade and has
• 10:51
  seen some crazy shit in this industry in his time.
• 10:55
  So I don't know, maybe I'm seeing things.
• 10:57
  I want to get our guest takes. Terrence, you saw this madness
• 11:00
  happening in the morning. What's your take?
• 11:04
  My take is that the the GBTC, the fact that the SEC is not
• 11:10
  going to challenge it. I feel like that's actually the
• 11:13
  first big part of this because if you look at GBTC, it's
• 11:16
  actually been pumping all morning.
• 11:19
  Aside from the information about the the, the ETF, I think
• 11:25
  Preston Pish and a few even Will Clemente, they they all thought
• 11:30
  it was real news as well. So they were pushing that out.
• 11:33
  But think about this like Bitcoin, Twitter is so small and
• 11:37
  I don't know that this hit traditional Wall Street with
• 11:40
  that tiny little notice that if this is what's happening with an
• 11:44
  8% jump and I think it was like in 20 seconds almost imagine
• 11:50
  what's going to happen. I mean to me it proves that the
• 11:52
  Bitcoin ETFs are not priced in at all.
• 11:56
  So as we always say, stack sats and get in front of this. 100%
• 12:02
  And again, if you just if you've been, you know dollar cost
• 12:05
  averaging, staying humble, you know this shouldn't have.
• 12:12
  You know it shouldn't have affected you anyways.
• 12:15
  Opti, what's your take on this? Yeah well as I said in the
• 12:18
  beginning shouts out to the intern.
• 12:20
  Well really I I I like corn Telegraph doing the like it was
• 12:24
  our intern that messed up that's like such that's like such a
• 12:27
  good good cover. But yeah man, I said in the
• 12:31
  beginning, you know, and I actually, I dropped it in the in
• 12:34
  the chat as well. Like is this indications that we
• 12:37
  are finally. On the precipice of getting out
• 12:40
  of this bull run, because if you haven't been here for a while,
• 12:43
  if you're newer to the markets, usually in a bear market, no
• 12:46
  amount of good news pumps the price.
• 12:48
  And usually during a bear market or a bull market, any amount of
• 12:53
  noise or any amount of good signal makes the price go
• 12:56
  absolutely nuclear. So as Steven Lobka said, guys,
• 12:59
  if this is your first cycle, well welcome to how crazy it's
• 13:02
  going to get. And This is why I keep telling
• 13:04
  you guys. To get prepared now, because
• 13:07
  look, look at all the hysteria we saw this morning.
• 13:09
  And this was what for like an hour or two or something like
• 13:12
  that. And just wait until we actually
• 13:15
  see these green candles and it's not pumping because of hot air.
• 13:19
  And yes, I think Terrence said something that that really hits
• 13:22
  the nail on the head, and I've been saying this for a while as
• 13:25
  well on the show. Remember how small Bitcoin
• 13:28
  Twitter really is, guys? There's not that many people on
• 13:31
  Bitcoin Twitter. And then to that extent, there's
• 13:34
  a lot more bitcoiners that aren't on Bitcoin Twitter.
• 13:37
  They don't know what the hell is going on on Bitcoin Twitter.
• 13:39
  So once some actual news comes in, once some really bullish
• 13:43
  indicators start to come in, like the price is going to go
• 13:45
  nuclear. So, you know, welcome to the
• 13:47
  party. Buckle up.
• 13:49
  Things are going to get crazy and you know to to the like fake
• 13:53
  news story, it just, you know, it's just Bitcoin stuff and and
• 13:57
  kind of, you know, maybe you're getting cynical this morning,
• 14:00
  Nico. Maybe this is a kudos to what
• 14:04
  Gary Gensler and all the institutions are saying, all the
• 14:07
  ABC men are saying out there. Just this space is ripe with so
• 14:10
  many frauds and scams and like, this doesn't make us look that
• 14:14
  much better. You know, like some fake news
• 14:15
  comes out, the price starts pumping, the market gets
• 14:18
  liquidated, This is. Why we're Bitcoin?
• 14:20
  Only if. If a shit coin publication, OK
• 14:23
  and and again, I'm not trying. So first of all, content
• 14:27
  creation is very difficult. OK, so I hate talking.
• 14:30
  Crap and and bashing content creators and Coin Telegraph
• 14:34
  makes some great content. There's some people there that I
• 14:38
  like, that I'm friends with, so I don't want to go down that
• 14:41
  route. But in this particular, in this
• 14:43
  particular move by Coin Telegraph, which is a
• 14:46
  publication that covers Bitcoin and crypto, they really drop the
• 14:50
  ball. And like what Dylan said, this
• 14:54
  got a lot of people wrecked. And if there was insider
• 14:57
  trading, they made a lot of money off other people's Dimes,
• 15:00
  right? And it's exactly what you said,
• 15:02
  Opti. It makes the entire industry
• 15:05
  look really bad. It reinforces the narratives.
• 15:09
  It gives the SCC ammunition to say, hey, we can't have a spot
• 15:15
  Bitcoin ETF, Look at the manipulation off just one
• 15:18
  publication, right. So yeah, it's it's it's
• 15:23
  interesting. But this is what happens in the
• 15:25
  days of social media. You have this massive account
• 15:28
  and with these massive, with these massive accounts, there's
• 15:31
  a tremendous amount of responsibility.
• 15:33
  I really do think you know and like I said, I I I like the
• 15:38
  content that comes out of coin. Telegraph, they make some good
• 15:41
  stuff. I might not agree with a lot of
• 15:43
  their views, especially on altcoins and all that stuff, you
• 15:46
  know, But to each their own. But on this specific case.
• 15:51
  You know I think they really dropped the ball that that's my
• 15:54
  that's my take on that. So anyways, it is a developing
• 15:59
  story. Let's see what they come out
• 16:01
  with in three. I'm so curious, are they just
• 16:03
  gonna blame it on one, you know, 1 poor 20 year old intern
• 16:07
  they're gonna make? Up an AI intern and then throw
• 16:09
  them under the bus. Like, God damn it.
• 16:12
  Like. This guy get out of the
• 16:14
  building. You fucked it up like you know
• 16:16
  it's it's crazy that apparently there's some rumblings that
• 16:20
  there's apparently a connection to czi don't know how much I
• 16:22
  believe that, but yeah, it's it's definitely sketchy to say
• 16:27
  the least. First thing Monday Morning News
• 16:30
  pump the price to 30 K It's back down now.
• 16:34
  Holy cow. And again, if you've been
• 16:36
  staying humble, stacking sats, none of this.
• 16:39
  Would have affected you. All right everybody, let's get
• 16:41
  on to the news. We got a lot to talk about.
• 16:42
  Let's check it out. The Daily News.
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  tickets. All right, everybody.
• 18:15
  So let's move on to the news for today, which is the absolute
• 18:22
  sabotage of Argentina's looks like future president.
• 18:29
  He's leading the polls and what makes Javier Malik so
• 18:34
  interesting? Other than, you know what you
• 18:36
  could say, his rhetoric is pretty crazy.
• 18:40
  Basically saying that he wants to end the central Bank of
• 18:44
  Argentina, he wants to dollarize the country.
• 18:48
  And I'll get to why that's so significant, right?
• 18:51
  Because essentially, when a country dollarizes, whether
• 18:55
  that's Ecuador or El Salvador, what they're really doing is
• 19:01
  they're outsourcing their monetary policy to the United
• 19:04
  States and look. The reality is as much as people
• 19:09
  don't want to hear this, all this adoption that you hear,
• 19:12
  this crypto adoption that you're hearing in in other countries,
• 19:16
  specifically countries that have high inflation rates.
• 19:20
  That adoption of course a percentage of of it is happening
• 19:23
  in Bitcoin, but the majority is happening in stablecoins
• 19:27
  specifically dollar stable coins.
• 19:30
  So the dollar, what it provides is, you know, if there is.
• 19:36
  Piles of shit, right? Piles of crap, right?
• 19:38
  The the dollar is the smallest pile of crap, right?
• 19:41
  It's still inflationary, you know.
• 19:44
  It's still designed to lose purchasing power over time.
• 19:47
  But compared to the crap that they have in their hands, right?
• 19:50
  100% inflation. 20% inflation. 30% inflation, 10% inflation.
• 19:56
  It's much it's a much better choice.
• 19:59
  And over time. What I believe is going to
• 20:02
  happen, and I've said this many, many times and other issues, is
• 20:05
  that all roads lead to Bitcoin. So heading towards the dollar I
• 20:12
  think is a is a first step. Inevitably it will lead.
• 20:16
  You'll lead to the inevitable conclusion that hey, maybe I
• 20:19
  don't want another foreign country deciding my monetary
• 20:22
  policy, maybe I need an alternative.
• 20:25
  And that's why I believe El Salvador made Bitcoin legal
• 20:27
  tender alongside the dollar. And if if you make Bitcoin legal
• 20:32
  tender alongside the dollar, then it's a fair competition.
• 20:36
  And then made the best money win.
• 20:39
  And we already know what the best money is.
• 20:41
  So in terms of this guy, he's a radical.
• 20:46
  In terms of the IMF, in terms of the legacy corporate media, they
• 20:52
  do not like this guy. They call him an extremist.
• 20:55
  You know, every word in the book that you can think of, they've
• 20:59
  called this guy. They do not like him.
• 21:02
  And in Argentina specifically, just to let you know how much,
• 21:05
  how, how, how much this guy's over the target.
• 21:09
  They're already trying two things.
• 21:10
  They're trying law fair and they are changing laws right before
• 21:16
  the election, of course, to buy votes essentially.
• 21:19
  So let's start off with the first one.
• 21:21
  Check out this Wall Street Journal article.
• 21:24
  It's titled Read My lips, No taxes at all.
• 21:28
  In Argentina, Economy minister and presidential candidate
• 21:31
  Sergio Masa courts voters by eliminating income taxes and out
• 21:38
  of control, Santa Claus goes on to say, and as as election
• 21:42
  pledges, no new taxes has been done to death.
• 21:45
  In topsy Turvy Argentina, the ruling party's presidential
• 21:49
  candidate has upped the ante, calling simply for no taxes.
• 21:53
  Runaway inflation and economic catastrophe has stacked the odds
• 21:57
  against the pertinent candidate, currency economy minister Sergio
• 22:02
  Masa, in the first round of voting this coming Sunday, so
• 22:05
  that last month he threw up a Hail Mary pass to the
• 22:09
  electorate. He eliminated the income tax
• 22:12
  altogether for nearly everyone, got rid of a 21% sales tax on
• 22:17
  groceries for more than 16 million people, and threw in
• 22:20
  cash bonuses for various groups, including retirees, the
• 22:24
  unemployed For good measure. He waived import taxes for
• 22:28
  agricultural products such as peanuts, tobacco and milk, a
• 22:32
  benefit to small farmers. He's an out of control Santa
• 22:35
  Claus, Jamie Duran Barba, a former adviser to a conservative
• 22:39
  ex president, Mauricio Maci, told local radio station.
• 22:43
  Masa. Is helping to give people little
• 22:46
  pleasures, right? So essentially he's trying to
• 22:48
  buy votes. Now, Bitcoiners had some really
• 22:50
  good takes on this, so let's start off with Jimmy Song.
• 22:53
  So Argentina has abolished the income tax ahead of its
• 22:56
  presidential election in a last ditch attempt to defeat the
• 23:00
  Libertarian candidate who's leading in the polls.
• 23:03
  This proves 1. They're printing money.
• 23:06
  They really don't need to tax you explicitly.
• 23:09
  And again, that, that that first point, I want to emphasize, it
• 23:14
  is not a coincidence that the Federal Reserve in the United
• 23:18
  States was established the same year that the federal income tax
• 23:25
  was introduced. Why was the federal income tax
• 23:29
  introduced 1913, the same year as the federal as the Federal
• 23:35
  Reserve, the central bank in the United States?
• 23:38
  That's a very, very big coincidence anyways, #2, that
• 23:43
  inflation itself is a stealth tax that can be imposed without
• 23:47
  any legislation or transparency. The mechanics of money are going
• 23:51
  to become way more obvious to people going forward.
• 23:55
  Jimmy makes some really good points.
• 23:58
  Here's Samsung Mau. Samsung Mau is dedicating his
• 24:00
  time to the global adoption of Bitcoin.
• 24:03
  He says the current Argentinian government's ploy to abolish
• 24:06
  income tax and prevent Malay from being elected president
• 24:10
  just accelerates the failure of the legacy system.
• 24:13
  If they can abolish it in an instant, they can reinstate it
• 24:16
  in an instant. I hope the people of Argentina
• 24:19
  can see through it, move on to the next one.
• 24:22
  Here is Brandon. He goes on to say Argentina's
• 24:24
  president just eliminated the income tax right before the
• 24:27
  presidential election. It's a way to keep the peso
• 24:30
  around. If Malay wins the election, got
• 24:33
  to have a local currency to the pace it if you don't have tax
• 24:36
  taxes, complete poison pill. And then not to mention to to
• 24:41
  point out how terrified these part these people are of a
• 24:45
  libertarian candidate saying that he wants to end the central
• 24:49
  Bank of Argentina. And again, you have to see it
• 24:52
  from their perspective. What is their perspective?
• 24:55
  When you take away the money printer, when you take away
• 25:00
  Argentina's government's ability to print money that the rest of
• 25:04
  Argentina has to work for, right?
• 25:08
  Guess what happens? The government can no longer
• 25:11
  spend money they don't have. So a lot of these people that
• 25:16
  depend their livelihoods, a lot of these politicians that depend
• 25:20
  on being able to print money, it goes away.
• 25:24
  So they're literally fighting for their lives.
• 25:27
  This is why this is where the desperation comes from.
• 25:30
  But again, they're printing money at the expense of the
• 25:34
  public, specifically the lower and middle classes that don't
• 25:38
  have the means to save in assets, therefore they save in
• 25:41
  Fiat money. They for, they for therefore
• 25:43
  they get poorer every time they print money anyways.
• 25:47
  So they're changing the rules, literally saying if you vote for
• 25:52
  me, I'm, I'm eliminating all income tax.
• 25:55
  Do you imagine if that happened in the United States?
• 25:57
  I bet you we're not that far off, to be honest with you.
• 26:03
  Check this out prosecutor files case against Argentina's
• 26:06
  frontrunner Javier Miley days before presidential election.
• 26:11
  It goes on to say a prosecutor launched a criminal case Friday
• 26:15
  against Argentina's frontrunner in this month's presidential
• 26:18
  elections, accusing Javier Miley of deliberately causing a drop
• 26:21
  in the Argentine currency when he encouraged citizens not to
• 26:25
  save in pesos. Like, so, like, but like.
• 26:29
  Think about how fucking crazy that is, right?
• 26:33
  Think about how crazy that is If you're just an average, everyday
• 26:40
  Argentine and you're trying to put food on the table for your
• 26:44
  family. What they want you to do is keep
• 26:50
  your money in pesos, even though it's currently going through
• 26:56
  100% inflation. And this person who's running
• 27:00
  for office is literally saying maybe that's not a good idea,
• 27:04
  maybe you should protect your savings.
• 27:07
  And they're charging him with the crime for doing that.
• 27:11
  Ladies and gentlemen, that is Fiat money for you.
• 27:15
  That is it. It's a great example of what
• 27:18
  what this is. And it also tells you that this
• 27:21
  person is right under over the target.
• 27:24
  And remember, I wonder what forces are supporting the
• 27:28
  opposition. Remember what happened when the
• 27:30
  IMF bailed out Argentina. Once again, one of the
• 27:35
  conditions that they gave Argentina the Argentinian
• 27:38
  government, is that they had to de incentivize the adoption of
• 27:44
  Bitcoin. They don't want using.
• 27:46
  To use Christine Lagarde's own words, they don't want people
• 27:50
  using. The escape valve here is a
• 27:53
  headline article which we've read you guys article when it
• 27:56
  came out it was about it's about a year old Argentine Congress
• 27:59
  approves IMF debt deal that would discourage crypto use.
• 28:06
  So they're charging like think about how crazy this is right?
• 28:10
  The IMF gives a deal to Argentina.
• 28:14
  It's saying no, no, no, no, no. People have to use the local
• 28:17
  currency even though it's going through 100% inflation.
• 28:20
  And the Argentine, An Argentine prosecutor is literally charging
• 28:26
  a political opponent who's currently leading to win the
• 28:31
  presidential election with the crime because he's telling
• 28:36
  people not to save in a currency that is currently dealing with
• 28:40
  is currently enduring 100% inflation.
• 28:43
  What type of excuse MY language fucking world do we live in?
• 28:47
  This is utter madness. This is insanity.
• 28:52
  But the good news is that through this insanity,
• 28:55
  transparency comes like Jimmy Song pointed out, like it's all
• 28:59
  being revealed. The curtain is being pulled back
• 29:02
  and people are starting to realize, and most importantly,
• 29:06
  they're asking the question, what is money?
• 29:09
  What is this money? And normally what would happen
• 29:13
  in these situations, right? If you look at history, is that
• 29:17
  it just breaks down. People start to remember the
• 29:20
  lessons of the past and they start to see the value of sound
• 29:24
  money once again. And then that sound money
• 29:28
  standard gets reinstated and then over time it gets
• 29:32
  corrupted. It gets chipped at, you know,
• 29:34
  over the decades, right? For 1971, the US, the US was on
• 29:39
  a gold standard, right? And then over time, you know,
• 29:42
  they started cutting corners and they said, OK, no, back to paper
• 29:45
  money, OK. But this time it's different
• 29:50
  because this time we have Bitcoin and Bitcoin can't be
• 29:53
  corrupted, right. So I really think that a
• 29:57
  percentage of people, not all people, I think this is going to
• 30:00
  be a multi generational learning experience because a lot of
• 30:04
  people have spent the majority of their lives in the Fiat
• 30:08
  matrix. They're used to living in a
• 30:10
  world where the government issues the money and they're
• 30:13
  comfortable with that and the convenience of the legacy
• 30:16
  system, especially if you live in a world with developed
• 30:19
  financial rails, Very, very interesting times.
• 30:22
  But you could see the system fighting for its life, right?
• 30:26
  Whether it's the IMF, whether it's the supporters of the
• 30:29
  central bank in Argentina. You're seeing that they're
• 30:33
  willing to do everything and anything in order to maintain
• 30:36
  that privilege. And that reminds me of, and then
• 30:40
  I'll pass it on to Opti and Terrence.
• 30:42
  That reminds me of this article written by President Nayan
• 30:45
  Bouqueli. And it really, really reminds me
• 30:49
  of this specific passage that I've read to you guys many times
• 30:52
  on simply Bitcoin. As the most vocal retractors,
• 30:56
  the ones who are afraid and pressuring us to reverse our
• 30:58
  decision, are the world's most powerful leads and the people
• 31:01
  who work or work for benefit from them.
• 31:04
  They used to own everything. In a way they still do the
• 31:06
  media, the banks, the NGOs, the international organizations, and
• 31:10
  almost all the governments and corporations in the world.
• 31:13
  And with that, of course, they also own the armies, the loans,
• 31:16
  the money supply, the credit ratings, the narrative, the
• 31:19
  propaganda, the factories, the food supply.
• 31:21
  They control international trade and international law, but their
• 31:24
  most powerful weapon is the control of the truth.
• 31:28
  And they're willing to fight, lie, smear, destroy, censor,
• 31:33
  confiscate, print and do whatever it takes to maintain
• 31:38
  and increase their control over the truth and everything and
• 31:42
  everyone. So this is nuts.
• 31:46
  I, I, I really, I really do believe in that theory.
• 31:49
  We are living through a fourth Turning everyone.
• 31:51
  This is the 4th Turning. This is the battle of our
• 31:54
  generation. You're going to have to choose
• 31:57
  what side are you on? Are you on the side of Bitcoin
• 32:01
  freedom? Are you on the part on on the
• 32:02
  side of the party of Orange? Or are you on the side of the
• 32:06
  party of Green, The party of Fiat, nihilism, slavery,
• 32:10
  poverty, censorship, control. It is not left verse right,
• 32:15
  ladies and gentlemen, it is Orange verse Green.
• 32:19
  Anyways, that's my take on today, Opti.
• 32:23
  Let's start with you and then we'll move on to Terrence.
• 32:25
  Yeah. So I'm very glad that you
• 32:28
  brought up the naive Buchelli article.
• 32:30
  Of course, I reference it all the time because I've been
• 32:32
  saying this for a long, long time before naive Buchelli even
• 32:36
  wrote that article. And we understand, especially
• 32:38
  you guys that watch the show constantly.
• 32:40
  We understand what happens in the corporate press and the
• 32:43
  manipulation by, as Parker Lewis was saying, and we'll probably
• 32:46
  steal that the government press, they constantly use the
• 32:49
  legitimacy of their media corporations to push narratives.
• 32:53
  And the surprising thing for me is, you know, we've been talking
• 32:57
  about how long can they kick the can down the road.
• 33:00
  We've we've had these conversations with some of the
• 33:02
  macro heavyweights. I had some of these
• 33:04
  conversations with the macro heavyweights at Pacific Bitcoin
• 33:07
  and we basically asked them and we constantly ask ourselves two
• 33:11
  questions. Do people care about hard money?
• 33:13
  And then the other one is, how long can they kick the count
• 33:17
  down the road and and how many tricks do they have up their
• 33:19
  sleeve? Well, guys, we're just seeing in
• 33:21
  real time what some of those tricks can be.
• 33:23
  They will try to roll out their own politicians and gain favor
• 33:26
  to the masses because they don't know what's going on.
• 33:29
  And then of course, as we saw in the US.
• 33:31
  They will create all kinds of bogus, you know, arrest warrants
• 33:36
  and all that stuff to basically smear people's reputations.
• 33:40
  And we're seeing what the game is, is of course things are
• 33:44
  unraveling. They are losing the monopoly on
• 33:47
  truth or information rather, and they're scared.
• 33:50
  And if they weren't doing this, if they weren't trying to smear
• 33:54
  melee, then it wouldn't be as obvious that we are above the
• 33:58
  target like melee. Is obviously a very popular
• 34:04
  candidate right now and people are starting to resonate with
• 34:06
  his message. And he is seemingly offering
• 34:09
  some solutions that the IMF, that the Argentinian government,
• 34:13
  that the powers that be, the unproductive parasite class,
• 34:15
  whatever you want to call them, are not fond of.
• 34:17
  Because they understand that if people catch on like they have
• 34:21
  in El Salvador, like it's starting to have everywhere
• 34:23
  around the world, their control is completely, completely
• 34:27
  decimated because all they really have right now.
• 34:30
  Is that monopoly on truth? All they have right now is, as
• 34:34
  we've read, and I constantly read from the white paper, the
• 34:37
  trust of the average person right now, The whole financial
• 34:40
  world. The whole world as of now is
• 34:42
  just built on a thin layer of trust.
• 34:45
  And as long as the people in power and along as the people in
• 34:47
  suits, as long as the people on the television still have some
• 34:50
  semblance of a decent reputation, they still have the
• 34:53
  trust of the people. Then they can continue to
• 34:55
  hoodwink people. And we constantly see.
• 34:57
  That they pull the wool over people's eyes and they don't
• 35:01
  have your best intentions in mind.
• 35:03
  As I've been saying lately, you know, anytime you hear public
• 35:06
  welfare public good, just know that that doesn't involve you.
• 35:09
  That is, that is totally, totally a code word for friends
• 35:13
  and business interests. And though it is rolled out, as
• 35:17
  you know, we're doing this for the the good of society, well,
• 35:20
  we're seeing in real time. That they are doing anything in
• 35:23
  their power to maintain that power.
• 35:25
  And of course they do have the monopoly on violence.
• 35:28
  They do have the corporate press on their side.
• 35:31
  And so they're doing whatever they can to make sure that the
• 35:34
  Bitcoin cat does not get out of the bag.
• 35:36
  Or rather the libertarian freedom minded movement that
• 35:39
  we're seeing. Because I've been saying for a
• 35:40
  while, I really do believe that the pendulum is swinging the
• 35:43
  opposite way. Have we seen Pete Clown World?
• 35:46
  I don't believe so yet, but we are seeing that there's cracks
• 35:49
  in the veneer and people are waking up.
• 35:52
  And they're wondering what the hell is going on.
• 35:54
  They're asking these questions. And the more people ask these
• 35:57
  questions, the more inflation rises, the more the dystopian
• 36:01
  control mechanisms get rolled out, the more people, in my
• 36:04
  opinion, will wake up and look for an alternative.
• 36:07
  And like we like Nico said, if there is a level playing field
• 36:10
  between the dollar or rather the peso and Bitcoin or a CBDC in
• 36:14
  Bitcoin, most people I think. Will take the leap and
• 36:18
  understand that freedom money is the way and that they need
• 36:20
  something outside of the control of their governments.
• 36:22
  And and again I say it all the time, anytime a government goes
• 36:25
  to ban Bitcoin, obviously this isn't like a full on ban on
• 36:28
  Bitcoin, but it is still stifling the conversation in
• 36:32
  regards to what we talk about all the time.
• 36:33
  It just goes to show that we're right.
• 36:35
  And I know it's been a long bear market and if you're new you may
• 36:38
  have had some doubts and you're wondering man am I right.
• 36:41
  I thought Bitcoin price was going to go up.
• 36:43
  Well, this type of signal. Is what I like to see to know
• 36:47
  that we are correct that freedom, money will proliferate,
• 36:50
  that more and more people are waking up to the tyrannical
• 36:55
  control and and psychopathic mechanisms that they will roll
• 36:58
  out. Because this is all they're
• 37:00
  doing. They're trying to stifle
• 37:01
  freedom, they're trying to control you and they will use
• 37:05
  anything in their in their tool belt.
• 37:08
  To do this and we're seeing some of this stuff happen and I know
• 37:10
  we're talking about Argentina, but eventually we will see this
• 37:13
  happen in other first world countries.
• 37:15
  We're seeing what's happening in the UK, we're seeing what what's
• 37:18
  happening in the US And it just goes to show guys, be prepared,
• 37:23
  get your ducks in an order and understand that nothing is too
• 37:26
  appalling for these people to maintain control.
• 37:28
  What do we say? They will not go lightly into
• 37:31
  that dark night. So just prepare yourself and
• 37:33
  and. You know, as much as we know,
• 37:34
  Bitcoin is a peaceful revolution and we want this transition to
• 37:37
  happen as slowly and as safely as possible.
• 37:40
  It is not above these people to do some crazy stuff to continue
• 37:44
  to maintain control. And it's just something to be
• 37:46
  aware of. And that I think what's the most
• 37:48
  glaring aspect of this is just how blatant the tools they are
• 37:52
  using Now it's it's no longer, you know, like sharp, sharp
• 37:56
  scalpels. They're just like literally
• 37:58
  taking chainsaws that control this stuff and it's really mind
• 38:01
  blowing anyways. Terence jump in.
• 38:03
  I mean, you guys said it. Well, I I just hope that Malay
• 38:07
  has a army of bodyguards around him because I mean, look, I mean
• 38:12
  even look here, like look at RFK Junior, right, who had to go
• 38:15
  independent and everyone knows he's a Bitcoiner and they're
• 38:18
  scared of him. And you know, they wouldn't give
• 38:20
  him the typical Secret Service that every presidential
• 38:24
  candidate has always had, you know, from the history of time
• 38:26
  until now. But now, you know, we're talking
• 38:28
  about AG 20 country, we're talking about.
• 38:32
  You know something the, you know, 7 to 8 times the size of
• 38:35
  El Salvador. So it we knew it wouldn't go
• 38:38
  without a fight. And you said it well when you
• 38:41
  said something to the point of like they wouldn't be going
• 38:43
  through this trouble if they didn't think he was a real risk.
• 38:46
  I my money's still on him. He just needs to stay safe,
• 38:50
  yeah, 100% and and and the, the, the IT, it's so interesting what
• 38:55
  you said about RFK. His family has a history.
• 39:00
  Two members of his family have been assassinated and they don't
• 39:04
  give him a security detail well. And John Junior or whatever the
• 39:09
  plane crash. I mean, maybe that's a
• 39:11
  conspiracy theory, but there's another one.
• 39:13
  A what's the the famous quote? I always say it's not my quote,
• 39:16
  by the way, but there is no conspiracies.
• 39:19
  But there's also no coincidences.
• 39:22
  And there's been a whole lot of coincidences as of late.
• 39:25
  Coin Telegraph, reportedly. All right, so I'm just so
• 39:30
  curious. We're gonna report on that
• 39:31
  tomorrow, guys. We're gonna have a follow up for
• 39:34
  what their reasoning was for that tweet.
• 39:37
  Anyways, Opti, you pulled up, you buried the lead, brother.
• 39:40
  You pulled up a really good tweet regarding Max and Stacey.
• 39:44
  I wanted to read it on air for everybody, 'cause I think I had
• 39:47
  some signal. It's by it's by Jenks.
• 39:50
  It's that wise, Jenks, he says. I saw Max and Stacey in New York
• 39:53
  on Friday and they said that Javier is essentially screwed,
• 39:56
  even if it even if he becomes president, because he can't
• 40:00
  circumvent the agreement with the IMF.
• 40:05
  So who really controls Argentina?
• 40:08
  Who really controls the world? Oh man, oh man, oh man.
• 40:13
  And where is the IMF headquartered?
• 40:15
  I might add in Washington DC in the Imperial City.
• 40:19
  Oh man, this is some this is some crazy times ladies and
• 40:23
  gentlemen. Buckle in, Stay humble, stack
• 40:25
  sats, take your Bitcoin into into self custody.
• 40:29
  Stay solvent like the Kingo said and buckle up because this is
• 40:33
  going to be a bumpy ride. This is the separation of money
• 40:36
  and state after all. Anyways, I want to give a very
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  All right everybody, let's get to the culture and talk about
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  what Terrance is working on these days.
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• 42:02
  Or you now I got it. Anyways, Terence, before we get
• 42:05
  into the conversation for today, before we get into it, guys,
• 42:09
  we're at 95 likes. We're five likes away from
• 42:13
  breaking 100. Help us maintain our streak.
• 42:15
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  on Rumble if you can't find us on on YouTube for whatever
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  listening on Twitter as well, so we appreciate your community.
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  following or subscribing. Anyways.
• 42:39
  Opti, sorry to have you, yeah. Yeah yeah, you're so rude.
• 42:41
  Anyways, anyways, I'm just checking Terence before we get
• 42:44
  into the conversation of today. Everyone loves a good rabbit
• 42:47
  hole story. Everyone loves to know how you
• 42:50
  became a bitcoiner. So let's just start there.
• 42:52
  How, or rather maybe even when did you become a bitcoiner and
• 42:56
  and what is leading you up to this point?
• 42:59
  OK, I'm going to try to shorten this because looking back it, it
• 43:03
  definitely evolved over time. So the the TLDR is that I'm in
• 43:09
  the movie and television industry and.
• 43:12
  I work with a lot of people that make a lot of money very
• 43:16
  quickly, but they also go through long patches of making
• 43:21
  nothing. Most everyone in my industry
• 43:24
  that they don't have W twos. They can't get mortgages for
• 43:27
  houses, even though if you looked at the amount of money
• 43:30
  that they actually pulled in, you'd be like what?
• 43:32
  You're kidding me. So I started to notice that
• 43:34
  there was some kind of problem with.
• 43:38
  Money from just even a real estate level that so many of my
• 43:41
  friends and colleagues, my staff, my crew couldn't afford
• 43:44
  houses. So that led me down a path of
• 43:49
  how to fix real estate for them. I formed a even though I was
• 43:53
  still in Hollywood, I formed a mortgage company and it became a
• 43:57
  sort of a boutique company that writes mortgages, which to this
• 44:01
  day is still fairly successful for people in Hollywood.
• 44:04
  Actors, directors, executives, whatever.
• 44:08
  Going through that process, you see everybody's statements and
• 44:12
  you see their assets and you see that they're all chasing the
• 44:16
  side hustles. They are all looking for a
• 44:19
  second job to preserve their first job, which it's sort of
• 44:24
  distorts what their tool set is and their experiences and and
• 44:28
  everything that they've worked for because now they're having
• 44:31
  to go into areas that they don't understand, right?
• 44:33
  And there's sort of this. Decision fatigue that I was
• 44:36
  noticing where people were like, you know, do I try to get
• 44:40
  Airbnb's? Do I do a side business?
• 44:42
  Do I do something online with SCO?
• 44:44
  You know, what stock should I invest in?
• 44:47
  And it's just like one big casino.
• 44:49
  And this is things that a lot of us bitcoiners know.
• 44:51
  But you know, pre Bitcoin, I wasn't aware of that and I
• 44:55
  leaned into it. I was total a Fiat, bro.
• 44:58
  I you know, I've written a couple of books.
• 45:01
  Before Bitcoin, where I was like, oh, this is the best way
• 45:04
  to create a side hustle. Here's how you can have passive
• 45:06
  income and here's how you can Crowdsource this.
• 45:09
  And I wrote this book for accredited investors which did
• 45:14
  really well. But you know, I almost cringe at
• 45:16
  now because it's it's an entirely rent seeking book.
• 45:19
  It's like how to buy liens and how to do, you know,
• 45:22
  mortgage-backed securities and how to invest in artwork and
• 45:26
  alcohol, whiskey barrels and all kinds of stuff.
• 45:30
  And that stuff still works. It's just that there there's
• 45:33
  risk. You have to learn a whole new
• 45:35
  set of skills and you're putting risk on top of risk.
• 45:40
  And so being Fiat minded. I read Ben Mesrick's book
• 45:46
  Bitcoin Billionaires. So it started there, which is
• 45:49
  sort of part of my sort of overall thesis with ways to to
• 45:54
  orange pill Bitcoin, which we can get into later.
• 45:56
  But that story is so powerful. So I read that story about about
• 46:01
  the Winklevi, the Winklevoss twins, and it was basically
• 46:04
  their second act from, you know, Mark Zuckerberg basically taking
• 46:07
  Facebook from them. And this is sort of the second
• 46:09
  act of how they're taking it back with Bitcoin, which is why
• 46:12
  I find it ironic that they created Gemini and then Mark
• 46:15
  Zuckerberg creates Libra at the time.
• 46:18
  It's like he's always copying from them.
• 46:21
  But, so that's what first got me started.
• 46:23
  But still just from a number go up technology just like all of
• 46:26
  us and just like all of us. I also was enamoured by crypto
• 46:29
  because all I would think about are you know, I'd look at it as
• 46:31
  like a tech stocks. I didn't fully understand it,
• 46:35
  but that's what got me going. And it was at the end of 2017,
• 46:39
  It was November of 2017, the price was 11,700 and someone.
• 46:46
  Somewhat of a famous comedian. I don't think he wants me to
• 46:50
  dox. Him was telling me I need to buy
• 46:52
  Bitcoin, I need to buy Bitcoin. Unfortunately, he also told me
• 46:56
  Bitcoin is kind of like Microsoft and Ethereum is like
• 46:58
  Apple, so buy some Bitcoin. But man, Ethereum is.
• 47:02
  That's where all the changes are going to be made and that's the
• 47:05
  innovation and that's the big upside.
• 47:07
  So I went through all of that, and I.
• 47:13
  I I wanted to experience everything.
• 47:15
  So fortunately or unfortunately, I was.
• 47:18
  I did everything. Every exchange, every lending
• 47:21
  thing. I mean, I I had loans out on
• 47:23
  Nexo and Block Fi and I had accounts at every single one of
• 47:28
  these places. Fortunately, I learned quickly
• 47:30
  enough to get out of all of that stuff and I did not get wrecked
• 47:33
  at all. And it definitely made me a
• 47:34
  maximalist. And because of it, I definitely
• 47:36
  own more Bitcoin than I ever would have.
• 47:38
  Because. Of learning that process where
• 47:41
  it's like on day one I think I bought 100 bucks of Bitcoin and
• 47:44
  I was so excited and I called my comedian friend and I was like,
• 47:47
  yeah, I got 100. I got 100 Bitcoin and he thought
• 47:49
  I bought 100 bitcoins. He's like, Oh my God, it's
• 47:51
  amazing. I'm like no 100 bucks.
• 47:52
  And I don't think he laughed at me.
• 47:54
  But so starting out, yes, just like all of us, it was, it was
• 47:58
  completely Fiat minded. Then I immediately said, well, I
• 48:02
  need to learn about this technology.
• 48:04
  This was a time when some of the older bit corners remember that
• 48:07
  there was this whole narrative and and even big influencers
• 48:09
  like Mark Moss and stuff, they were like saying, Oh no, it's
• 48:11
  blockchain, not Bitcoin. I was like oh and you know
• 48:15
  people like Guy Swan even I think it was crypto Audible, you
• 48:18
  know, or you know, even that Burnell, it's coin stories.
• 48:21
  It wasn't Bitcoin stories. Like we all didn't know.
• 48:23
  We were all still figuring it out and.
• 48:29
  So I started grabbing a couple of books and I read some of the
• 48:33
  more popular books. Oh, I say read, but I didn't get
• 48:35
  through them and I was having a tough time.
• 48:38
  And even though I have a a back, I mean I went to Business School
• 48:41
  and I have a background and all of that I it just was too dense
• 48:45
  for me. It was either they were either
• 48:47
  too technical because it was coming from the the computer
• 48:51
  science coding world, or it was just too much economics.
• 48:54
  Just the. By the way, going back to those
• 48:58
  books, they're genius. So it's probably me.
• 49:00
  I'm probably the idiot, but it just, I wanted something that
• 49:03
  made more sense. And so that's when I said I want
• 49:05
  to write a book. But also being a writer, I also
• 49:08
  know that often times you write to synthesize your own thoughts.
• 49:12
  You write when you want to learn more about that subject.
• 49:14
  It's like, I forget the quote, maybe it's Mark Twain, someone
• 49:17
  who said, like, you know, you don't write what you know, you
• 49:19
  write what you want to know. And I wanted to.
• 49:22
  Understand Bitcoin on a deeper, deeper level because when you're
• 49:25
  writing, you know, you're broadcasting, you know, you're
• 49:27
  putting yourself out there for everyone to see and critique.
• 49:31
  And so it makes you research to find the first principal level
• 49:34
  of everything where someone will say something about Bitcoin.
• 49:37
  Where did that come from? Where did that come from?
• 49:38
  Like, boom, boom, boom, boom. And you're like, oh, now I get
• 49:42
  it. So that's how I became a
• 49:44
  bitcoiner. And that's what led me to my
• 49:46
  book and. By writing the book, writing it
• 49:50
  for normal people, for people that are into mostly, you know,
• 49:54
  I wrote it on my Terrance for audio listeners.
• 49:56
  What is the name of the book? Oh, sorry.
• 49:58
  It's called Proof of Money. My thesis is that we've never
• 50:01
  had money until Bitcoin. Everything up until then has
• 50:04
  been a coupon. We've tried.
• 50:06
  It's been a surrogate. We've been looking for money our
• 50:08
  whole life. We've been marching up this hill
• 50:10
  to plant the flag on on the Money Hill, and we came close
• 50:14
  with gold. But.
• 50:16
  Even gold with we found out has failed and is not complete
• 50:20
  perfect money because this is the first time in human history,
• 50:22
  as we all know where we've engineered something
• 50:25
  specifically to be money. We've never had money we just
• 50:29
  had to to choose something right for barter and you know we know
• 50:32
  the monetary history. I don't need to go into that in
• 50:34
  this in this show, so writing that I thought who are so many
• 50:42
  people that are close to Bitcoin.
• 50:44
  But don't get Bitcoin. And I'm like, OK, real estate
• 50:47
  for sure. Tons of people that are in real
• 50:49
  estate, tons of people that are into stocks, people that are
• 50:52
  into side hustles, people that are into starting businesses,
• 50:55
  VCs. So I wrote it for people more
• 50:59
  that already sort of have money, not people that are seeing the
• 51:02
  problem. You know, I didn't write it for
• 51:04
  the third world countries and the global South and all the
• 51:06
  places we see that definitely need Bitcoin and where, you
• 51:09
  know, I'm so happy to see that it's growing from the bottom up.
• 51:12
  But I just thought. You know, it's something that
• 51:15
  Corey Clipston has mentioned a couple times.
• 51:17
  In fact, it was the the title of his opening speech at Pacific
• 51:19
  Book Coin Festival where he said, you know, hey, we need
• 51:22
  more Bitcoin podcast. And everyone laughed.
• 51:24
  I laughed too. I thought, OK, where's this
• 51:26
  going? But he's it's basically like,
• 51:28
  look, we're all different gateways.
• 51:29
  We're all different doors for our circles, for our people, our
• 51:32
  our networks. And it's OK, we do need more.
• 51:36
  You look at traditional finance and it's like, what are their
• 51:38
  10? 1000, you know, finance books
• 51:40
  and stock books and you know there's probably less than 100
• 51:43
  Bitcoin books. So as many as there were.
• 51:45
  And as much as I was reticent to even get the book out because
• 51:49
  I'm like, God, like I'm not I'm not safe a Dean.
• 51:51
  I'm not this person. I'm not that person that's like,
• 51:53
  but well, it's OK. I'm going to say it in a
• 51:55
  different way and in my way and So what I do with in film and
• 51:58
  television, I I. I do a thing we call shaving
• 52:02
  syllables, and I just really tried to make it as nutrient
• 52:05
  dense as possible. It's 21 chapters, each chapter's
• 52:08
  21 minutes, and just getting down to its core and thinking of
• 52:12
  the best metaphors and analogies to get people there hell.
• 52:17
  Anyways, yeah, that I think I went past your question.
• 52:20
  Sorry, dude, That's. Great.
• 52:22
  That's good. Amazing.
• 52:24
  I'm so glad that you came on the show, by the way, guys.
• 52:26
  If you want to get a copy of Terence's book, check the video
• 52:30
  description. I put a link to Amazon.
• 52:33
  You can go straight there. You can get a copy of the book.
• 52:37
  Opti. I can I can I jump in?
• 52:39
  Yeah, dude. OK.
• 52:41
  So I just want to say you mentioned something about Guy
• 52:44
  Swan, Nat and and basically starting in crypto that is the
• 52:51
  case with 99% of bitcoiners. I don't think there's any shame
• 52:55
  in that. I, what I call it, is paying the
• 52:58
  price of tuition. I think it's an inevitable kind
• 53:03
  of thing that you have to go through.
• 53:05
  You have to burn your finger on the metaphorical stove and then
• 53:10
  you end up with less Bitcoin that you probably could have
• 53:13
  had. And then you learn your lesson.
• 53:17
  It's Bitcoin, not crypto, right? So that is one.
• 53:20
  I've seen that happen 100 times. Your story is absolutely
• 53:25
  fascinating. It is so cool.
• 53:27
  When you were talking and you were explaining this, I, I, I, I
• 53:30
  kind of was getting these ideas. Bitcoin could fix this, couldn't
• 53:35
  it? Could you make You can make that
• 53:36
  argument right? Absolutely.
• 53:38
  Yeah. And so that's how I that's why I
• 53:40
  had to go down my own rabbit hole, as we all say, and figure
• 53:44
  out, OK, So what does that mean? And where I got stuck was that,
• 53:49
  you know, I would learn about, I learned about mining, I learned
• 53:53
  about energy. And that was fantastic.
• 53:55
  And I thought, OK, well, that's one aspect that's great for all
• 53:59
  my Hollywood people. Like even if they don't care
• 54:01
  about money, even if they don't want bitcoins, like you guys are
• 54:03
  such bleeding heart left. Liberals that want to clean the
• 54:08
  planet, you say, like, Oh my God, I want to clean the planet.
• 54:10
  I want the planet to be better, safe, better place was like, OK,
• 54:13
  well, what's the tool for that? What are you doing?
• 54:14
  And it's like, wait a minute, here's a way.
• 54:17
  So when I learned about, like, you know, methane mitigation and
• 54:20
  landfills and farms and agriculture and flaring and
• 54:24
  sighs like, Oh my God, like my my brain just went like that.
• 54:28
  So I was like, OK, that's one great way to orange peel people,
• 54:31
  even if they don't even want Bitcoin or care about Bitcoin.
• 54:34
  And then another thing that was happening when I first got into
• 54:37
  Bitcoin is the narrative was Bitcoin is digital gold.
• 54:43
  In retrospect, looking back, I get it, and it's a great
• 54:46
  comparison. But I don't know about you guys,
• 54:48
  but I don't know anyone who owns gold.
• 54:50
  I mean, and even my parents who are obviously much older than
• 54:53
  me, that they've never owned gold.
• 54:56
  I mean, maybe some friends have had some given to them by a
• 54:59
  grammar or something. But it's like, so I had to like,
• 55:01
  relearn about gold. And then I thought.
• 55:04
  This isn't a great way to orange peel people saying that it's
• 55:07
  digital gold because they don't relate to it.
• 55:09
  They don't have gold. So that was one thing that I
• 55:15
  thought, you know, I don't know, I I thought we should stop
• 55:19
  saying that unless you're talking to like, you know, a
• 55:21
  prepper or or or a boomer and someone who's into guns and
• 55:25
  silos and, you know, got a bunch of food in the basement.
• 55:31
  Also another thing was that. When I was right, when I was
• 55:34
  writing the book, I think it was Greg Foster, a bunch of other
• 55:37
  people were saying, like, oh, Bitcoin is insurance, right?
• 55:40
  And again, in retrospect, I get that, but it's like, I feel like
• 55:44
  that's a terrible way to Orange Peel people because so for me,
• 55:47
  it's like insurance. Like I don't want insurance.
• 55:50
  We we pay for it because we have to have it.
• 55:52
  It's an expense we make. We're like, we have to pay for
• 55:55
  health insurance, earthquake, fire cars.
• 55:57
  Like, I don't want to get in a car accident.
• 55:59
  I don't want my house to burn down.
• 56:01
  And it's like. You know, when the smartphone
• 56:03
  came along, I didn't stick that in a closet and say, well, if my
• 56:07
  landline blows up, I've got this insurance over here, you know,
• 56:12
  You know, we didn't, we didn't, we didn't get PDF software that
• 56:16
  came out. And then we thought, well, we're
• 56:18
  going to just set that on our desktop.
• 56:20
  And if my fax machine blows up, I'll use that.
• 56:22
  It's like, no, Bitcoin is the upgrade.
• 56:25
  Bitcoin is the improvement. It's not insurance.
• 56:28
  It's assurance, right? It's financial assurance and so.
• 56:33
  You know, that was one thing. I mean, Foss and I got in a
• 56:36
  little argument on Twitter over, which was fine.
• 56:37
  He was gracious and we just agreed to disagree.
• 56:40
  But I'm just like, I don't think that's a great way to to orange
• 56:44
  peel people and tell them that it's insurance.
• 56:46
  You know, if I tell my friends it's insurance, it's like I
• 56:48
  don't want to have to pay for insurance.
• 56:49
  Oh wait, this is another monthly expense I have to make.
• 56:51
  And that's only if something bad happens.
• 56:54
  Oh, I live in the United States, everything feels fine.
• 56:56
  So. But I feel like the digital
• 57:00
  going, the digital gold route, unless someone's a gold bug,
• 57:03
  isn't super helpful at first because if they don't have gold,
• 57:06
  why are they going to say, well now I want the digital version
• 57:08
  of something I don't have and then same with insurance.
• 57:14
  And then a third thing is that, and and this sounds so basic to
• 57:17
  us because we're, we're bitcoiners now, but it's like
• 57:20
  inflation, right? It's like.
• 57:22
  We know what inflation is. We get what inflation is
• 57:25
  finally, you know, because of COVID, at least of late here in
• 57:29
  modernity, we're now feeling the inflation.
• 57:31
  It, you know, at least here in the, you know, Western, more
• 57:34
  privileged states. But even when you talk about it,
• 57:37
  and even when they say great, that $10 beer is now 12 bucks,
• 57:40
  whatever, like it's still, it's still, it's still too small to
• 57:43
  them. They still don't understand it.
• 57:44
  So I tried to explain it this way.
• 57:49
  Which I I explained it in a tweet once and and Peter
• 57:52
  Dunsworth who I totally look up to, he's like, Oh my God.
• 57:55
  That was the best way I've ever heard inflation explained.
• 57:58
  He's like please tell more people like that.
• 58:00
  So I, I use this sort of metaphor where I say look like
• 58:04
  there's this pizza that represents our world.
• 58:07
  This is our the gross domestic product.
• 58:09
  This is our all of our products all our services.
• 58:12
  Here's this pizza. OK, and let's give it 10 slices
• 58:15
  and you opti you have a you have title to one slice.
• 58:19
  You, Niko, you have title one slice.
• 58:20
  I have title one slice. OK, so we each have 10%
• 58:25
  ownership, right? One of 10 slices of the network,
• 58:28
  right? The the gross domestic product
• 58:30
  network we each have 10%. Let's say I make swimming pools
• 58:34
  and Niko, you say, hey, I want a swimming pool.
• 58:36
  I'm going to say great, that's going to cost a slice.
• 58:39
  I know for the labor I have to hire to build the swimming pool
• 58:43
  to to feed my family everything. I want the calories and the
• 58:46
  quantity. I want the amount of cheese and.
• 58:49
  Pineapple and everything that's on that slice to come to me.
• 58:52
  So I want that one slice. The government comes in and they
• 58:57
  when they inflate because you know money means nothing.
• 59:02
  Let let's just redefine that inflation.
• 59:04
  When they inflate they basically re slice that pizza.
• 59:07
  OK, so let's say they came through every slice mark, and
• 59:09
  now it's not ten slices, it's 20.
• 59:13
  Well, we all have title to one slice, so you walk to Unico me,
• 59:17
  we now have 5% of the network because they've just inflated.
• 59:21
  They've just printed money. So we still have a one slice,
• 59:25
  but we have half the amount of calories.
• 59:27
  So now the swimming pool that I'm building for Unico, I'm
• 59:29
  like, hey, it's going to have to give me two slices.
• 59:33
  I'm not asking for any more, but I am counting on the amount of
• 59:37
  calories that were coming from one that's, you know now 2
• 59:41
  slices. And so when you think about it
• 59:46
  in terms of that, that's really what inflation is doing because
• 59:49
  the government that inflates and just puts paper dollars in out
• 59:53
  of thin air, which mean nothing. The goods and services are
• 59:55
  staying the same. They're not doing anything, but
• 59:58
  that's what happens to us. So that's how we feel it.
• 1:00:01
  And when I talk to people in terms of inflation that way, it
• 1:00:05
  it makes sense to them. It's like oh, why?
• 1:00:07
  So now I'm going to need more slices of this pizza to pay for
• 1:00:10
  that swimming pool. Not that we need more analogies
• 1:00:15
  and more metaphors for this. We all have our ways of of
• 1:00:18
  telling these things. But I try to think in you know,
• 1:00:22
  in terms of that you know and another thing that I like to
• 1:00:25
  tell people that don't quite understand Bitcoin.
• 1:00:28
  And again, it's so simple to us because we get Bitcoin is.
• 1:00:33
  And this was something Tomer put in the daily Bitcoin or which I
• 1:00:38
  thought which was amazingly generous of him.
• 1:00:40
  But I said, you know, imagine that there, you know, we all
• 1:00:44
  know what dollars are in every country.
• 1:00:46
  You know, all 180 countries want our dollar.
• 1:00:48
  Imagine there's $21 million. Forget about Bitcoin, there's
• 1:00:51
  just dollars And that's all there are in the entire world.
• 1:00:55
  There's never going to be more dollars.
• 1:00:57
  That's it, right? We get dollars.
• 1:00:59
  So imagine what $1.00 could be worth.
• 1:01:04
  Like is it worth a college education, a business, a house,
• 1:01:09
  2 houses? If we lose a dollar, if someone
• 1:01:13
  rips up a dollar, there's not going to be another dollar.
• 1:01:15
  There's no printing is gone. It just starts off with 21
• 1:01:19
  million. So people lose them.
• 1:01:21
  It gets, it gets corrupted, burns, like that's it.
• 1:01:25
  And when you talk to people that don't get Bitcoin, just in terms
• 1:01:27
  of that, they immediately are like.
• 1:01:30
  Oh wow, I want more dollars. Like dollars are valuable.
• 1:01:33
  Maybe I shouldn't just waste it on cheap stuff on Amazon that's
• 1:01:37
  made in China and it's going to end up in a landfill and create
• 1:01:40
  more methane. And you know maybe I can can
• 1:01:42
  plan better. Maybe I can save rather than
• 1:01:45
  spend and and create rather than consume and I don't have to
• 1:01:49
  gamble. And again, we bitcoiners get
• 1:01:51
  that, but the Fiat people that haven't crossed over yet need to
• 1:01:56
  hear it in terms of these dollars.
• 1:01:58
  And so then it's almost like, OK, great, what if I have this
• 1:02:00
  magic potion? And that's the upgrade for our
• 1:02:03
  dollars? And now that is our dollars are
• 1:02:05
  finite and they are increasing in scarcity because people will
• 1:02:10
  lose access to them. And it's like, well, guess what?
• 1:02:13
  That's, that's what Bitcoin is. Like that that's Bitcoin.
• 1:02:18
  And I think those kinds of things, you know, and began
• 1:02:21
  using real estate metaphors and there's all kinds of other
• 1:02:23
  metaphors are more helpful than like going through gold or going
• 1:02:26
  through insurance or things that people either don't own or don't
• 1:02:30
  want to have. And I'll shut up for a second in
• 1:02:33
  case you guys dude. I mean, no, man, This is this is
• 1:02:37
  phenomenal. This is the point of the culture
• 1:02:39
  just for TLDR here because being conscious of time.
• 1:02:43
  Terrence, what would be your TLTLDR for people out there on
• 1:02:47
  how to orange peel better? We we you ran through your whole
• 1:02:50
  thought process now what would be the advice to people out
• 1:02:53
  there? So to me it's sort of like well,
• 1:02:58
  so the TLDR see where they are and talk to them about where
• 1:03:04
  they are not where they need to go.
• 1:03:05
  Don't start talking about memorizing words, don't start
• 1:03:10
  talking about I would talk to them.
• 1:03:16
  So I would talk to them about real estate, I would talk to
• 1:03:19
  them about the number go up technology.
• 1:03:21
  I would talk to them in terms of if Bitcoin were a dollar, like I
• 1:03:25
  was just talking about and I feel like that's the best way to
• 1:03:29
  orange peel them. NGU is always a first step.
• 1:03:33
  Remember that we all came with NGU.
• 1:03:35
  So even if we are here for higher principles and better
• 1:03:39
  ethics and the properties that we know Bitcoin brings with with
• 1:03:42
  freedom, I think we have to start off with hey bro you know
• 1:03:47
  you're going to make some money. It's it's going to go up.
• 1:03:49
  You know, look at it, look look how it's been doing over the
• 1:03:52
  last 15 years. Look at it on the one year, the
• 1:03:53
  five year, the 10 year, the 15 year, we're blowing everything
• 1:03:56
  out of the water and then just stop, let them tiptoe in and
• 1:04:01
  then you can start saying, ah, let me, let me show you another
• 1:04:04
  perspective. Let me show you another
• 1:04:05
  perspective because it's like being at a dinner party and
• 1:04:07
  everyone's talking about having Binged White Lotus or Game of
• 1:04:10
  Thrones and they're talking about all these episodes and
• 1:04:12
  everything and it's so overwhelming.
• 1:04:13
  I don't even want to watch the show.
• 1:04:14
  It sounds like too much, but if you just tell me a little bit
• 1:04:17
  about the concept and like the pilot I'm going to, I'm going to
• 1:04:20
  go watch it and let me get involved and let me go through
• 1:04:22
  that journey. Love it.
• 1:04:25
  Love it. No, Terrence.
• 1:04:26
  I say the same thing I I stole it from How to Win friends and
• 1:04:30
  influence and it's like bait the hook for the fish you're trying
• 1:04:32
  to catch And and and This is why I said in the beginning, I'm I'm
• 1:04:35
  constantly thinking about OK, how can I communicate this
• 1:04:39
  message better you know listen to them first and foremost and
• 1:04:42
  then of course like I really do think bitcoiners have the answer
• 1:04:45
  and sometimes we just like verbal diarrhea on people and
• 1:04:49
  it's just too much. It's just like, OK, look bro, I
• 1:04:52
  I get it. You're interested in this, but.
• 1:04:55
  I only caught like the first minute before my eyes started
• 1:04:58
  glazing over. And I know we've all had this
• 1:05:00
  feeling where you're like, this is the best pitch ever and
• 1:05:03
  halfway through you can just tell they've tuned out.
• 1:05:05
  So, Terrence. Really appreciate it.
• 1:05:07
  You killed it. Everyone's loving it in the
• 1:05:09
  chat. And this is exactly why we have
• 1:05:12
  the culture set up the way we do.
• 1:05:14
  Because the most interesting stories.
• 1:05:16
  Again, I love the big guys. I love Natalie.
• 1:05:19
  I love breedlove. I love McCormack.
• 1:05:21
  You know I love Kaiser. The thing is, because they're
• 1:05:24
  public persons, public personalities, you hear their
• 1:05:27
  takes, right? You hear their takes a lot.
• 1:05:30
  Something that Opti and I have learned over the years is, you
• 1:05:34
  know, and This is why we have the culture set up the way it
• 1:05:36
  does. So we bring on bitcoiners from
• 1:05:38
  all walks of life. And sometimes, you know, those
• 1:05:41
  bitcoiners have fascinating and interesting stories and very
• 1:05:45
  unique perspectives that I think are are just like the in the
• 1:05:49
  chat is going crazy right now, it's it's.
• 1:05:52
  Phenomenal. The way that you're thinking
• 1:05:53
  about Terence, the the peaks analogy, I think it was spot on.
• 1:05:57
  Obviously you have the proof of work, you know with your book
• 1:06:00
  that's currently available on Amazon guys.
• 1:06:02
  We have the the description, we have the the link in the video
• 1:06:05
  description if you guys want to purchase a copy of it.
• 1:06:08
  So Terence, truly it's been an absolute honor and surprise man
• 1:06:12
  that that you've come on simply Bitcoin today and we really,
• 1:06:15
  really appreciated your perspective and and your views
• 1:06:18
  on Bitcoin, man. They're absolutely fascinating.
• 1:06:22
  Thank you. Thank you so much for having me,
• 1:06:23
  guys. It was fun.
• 1:06:24
  It was way too short, but it was fun.
• 1:06:26
  We'll, we'll, you know, we'll have you on again.
• 1:06:28
  Absolutely, 100%. All right, everybody.
• 1:06:30
  See you tomorrow. Perfect.
• 1:06:32
  Let's do it. All right, guys, let's, let's,
• 1:06:35
  let's review some memes and let's do it.
• 1:06:38
  Here we go, the Daily Meme Review.
• 1:06:52
  All right guys, you know the deal.
• 1:06:53
  This is the meme review where you tag me in memes on Twitter
• 1:06:57
  at simply Bitcoin TV or my personal account at Optimus
• 1:06:59
  Fields. Tag your own memes.
• 1:07:02
  Tag your favorite memers. Just make sure you give me the
• 1:07:05
  tweets so I can give them their credit.
• 1:07:07
  Also, you can drop them in our telegram group T dot me slash
• 1:07:10
  simply Bitcoin TV and I look through that every morning to
• 1:07:13
  get you guys memes. Though sometimes you guys just
• 1:07:16
  steal memes and don't give people credit.
• 1:07:17
  I need the tweets, guys. I need the tweets anyways, as
• 1:07:20
  you can tell from today's show. Tweets of the bullets, Memes of
• 1:07:23
  the artillery We are in an information war right now.
• 1:07:26
  You are currently on the frontline soldier so have your
• 1:07:30
  arguments ready, make sure you are ridiculing the corporate
• 1:07:33
  press, make sure you are making funnies to keep your friends
• 1:07:36
  heads in the game and then of course get the cause of actions
• 1:07:38
  out there. Anyways guys 1st meme is by
• 1:07:41
  Chris Knight four O 7 AKA Bitcoin Chris and he goes
• 1:07:44
  hashtag. Few are prepared for Bitcoin and
• 1:07:46
  you guys got a glimpse of this this morning and we have the
• 1:07:49
  Bitcoin price in what's it? In linear here 2012 first, first
• 1:07:55
  cycle, you can see just absolute God candles.
• 1:07:59
  Again, 2016. It's almost like history doesn't
• 1:08:03
  repeat, but it rhymes. And again, you know a little
• 1:08:05
  pump, it goes sideways, Bear market and then of course,
• 1:08:08
  absolute God candles. We saw it in 2020 even though we
• 1:08:12
  did the coin. Telegraph candle counters.
• 1:08:15
  I. Don't know, it's probably it's
• 1:08:17
  probably like a little one here. No, it doesn't count.
• 1:08:20
  Anyways, here we are in the current cycle and you can see it
• 1:08:23
  is almost playing out exactly the same.
• 1:08:25
  But we have yet to see the God candles and it looks like it's
• 1:08:29
  going to be around 2025 guys. So buckle up, stack them steps.
• 1:08:33
  Stay humble. Stacks had to stay solvent
• 1:08:34
  anyways. Next meme Panties Bitcoin or
• 1:08:37
  panties for Bitcoin AKA Panties Bitcoin on Twitter.
• 1:08:39
  And he goes, do you have enough Bitcoin?
• 1:08:41
  And this is a classic meme. It's like an anime meme where
• 1:08:43
  he's pulling out a sword and he goes, dude, don't you already
• 1:08:45
  have enough Bitcoin? And the sword goes.
• 1:08:48
  Yesterday I sold my chair for. You never.
• 1:08:51
  Have enough Bitcoin? This is a feeling.
• 1:08:53
  And it's. Thing, yeah, shouts out to.
• 1:08:55
  I think it was Roman in the chat.
• 1:08:57
  He's like, man, when I woke up this morning.
• 1:08:59
  I had like I was sick to my stomach and I had the feeling of
• 1:09:01
  I have not stacked enough Bitcoin.
• 1:09:04
  We've been telling you for a while, do not take your foot off
• 1:09:06
  the gas. Now is not the time.
• 1:09:09
  What's the saying? When it's bloodiest on the
• 1:09:12
  street, that's when you keep stacking.
• 1:09:13
  Anyways, next meeting wasn't. Bloody this morning, bro.
• 1:09:16
  Well, it. Was bloody and then it was
• 1:09:18
  blowing up. You know, it's been, it's been a
• 1:09:21
  rough bear market. It's been pretty bloody bear
• 1:09:22
  market. Anyways, this one is sunny Ray
• 1:09:25
  Com on Twitter and it looks like it's stolen from Reddit.
• 1:09:28
  And it goes. We got an MPC Wojack here and it
• 1:09:31
  goes. I don't get why is Bitcoin
• 1:09:33
  valuable? And we have a bitcoiner here.
• 1:09:34
  And it goes because it solves problems.
• 1:09:36
  And then the MPC Wojack goes like what?
• 1:09:39
  It allows you to make cheap international transactions at a
• 1:09:42
  very low cost. You can use it as an alternative
• 1:09:44
  to store your savings. If you don't trust a banking
• 1:09:46
  system. You can pay for stuff online
• 1:09:47
  without anyone's permission. You can send uncensible
• 1:09:50
  messages. You can mine it and monetize
• 1:09:51
  stranded energy sources. You can even build apps on top
• 1:09:54
  of it. Chad Bitcoiner.
• 1:09:56
  In the chat, next one is by Orange Pelap.
• 1:09:59
  Actually, it's Brian De Mint. He tagged me.
• 1:10:01
  He posted this as a meme review. He says.
• 1:10:05
  I'm submitting to the meme review and we got Orange Pelap
• 1:10:07
  here and goes Hashtag Fiat fixes $5 wrench of tax.
• 1:10:10
  And we got a picture here and it goes $5 wrench attacks are
• 1:10:14
  becoming less dangerous over time.
• 1:10:16
  And $5 wrenches. In 2008, it was one of those big
• 1:10:18
  ones, the really, really want huge ones that would really hurt
• 1:10:22
  you. And then $5 wrench in 2012 it's
• 1:10:23
  smaller, and then in 2016 it's even smaller.
• 1:10:25
  And then 2020 it's almost tiny. And now in 2025, I'm sure it's
• 1:10:30
  like literally the ones that you use just to like mess with your,
• 1:10:34
  your technology, you know, your little gadgets.
• 1:10:36
  It's absolutely minuscule. It's almost like things are
• 1:10:40
  getting more expensive. And then the last one shouts
• 1:10:42
  with my bull rope. I mean, he goes, I love the
• 1:10:43
  smell of rack bears in the morning.
• 1:10:45
  And we got a picture here of a crying bloody bear here with
• 1:10:49
  anvil on its head with the Bitcoin Lego on it.
• 1:10:52
  This is the vibe this morning. Every single one of us is like,
• 1:10:55
  oh, have we made it guys? Are we finally going to see
• 1:10:58
  them? God candles.
• 1:10:59
  Are we out of the bear market? I don't know, but the bears were
• 1:11:01
  wrecked this morning, even if it was based on a hot air fake news
• 1:11:05
  post from Telegram. But hey, just goes to show you
• 1:11:07
  guys. When the bull begins its run,
• 1:11:11
  it's going to get crazy. Anyways, drop your meme reviews,
• 1:11:13
  go on the other side of Nico and we will cover ours live.
• 1:11:17
  OK, let's do this. I I got AI got this coffee cup,
• 1:11:21
  my mother's coffee cup here with like, hey, I see yellow in the
• 1:11:24
  chat. It's got one of the the Greek
• 1:11:26
  evil eye things and it says good karma on the inside.
• 1:11:30
  I don't know what they're called.
• 1:11:31
  I know them as the evil eye protector Yellow Zambula.
• 1:11:38
  Malaka all right. All right.
• 1:11:42
  What's your meme movie Square? An empty glass water bottle.
• 1:11:46
  I think you did that one already.
• 1:11:48
  Or did you do one with watering? I did one.
• 1:11:49
  With water, it's different. OK?
• 1:11:51
  It's totally different. Terence, what is your meme
• 1:11:54
  score? I think you muted.
• 1:11:58
  I think you muted. I know.
• 1:12:00
  I know what that is. I think I know what that is.
• 1:12:03
  Something from my desk. That's a nerd.
• 1:12:08
  Miner Oh yeah. That is a supporting the Bitcoin
• 1:12:13
  hash rate. Have you?
• 1:12:15
  Got a Bitcoin yet? Have you have you got a block
• 1:12:17
  yet with it? Nope, but they're telling me
• 1:12:22
  I've got a chance. I love it, man.
• 1:12:27
  Well, that's awesome dude. You're supporting supporting the
• 1:12:30
  hat, bro. If every single human being in
• 1:12:32
  the world runs, one runs one of those in their home, imagine how
• 1:12:36
  much. Computational power would be
• 1:12:38
  contributing, that is. That is a great freaking score.
• 1:12:41
  It's been a it's been a treat to have you on as a guest, man.
• 1:12:45
  It really has. OK, everybody, before we get to
• 1:12:50
  the chat scores, check out our merch.
• 1:12:53
  Opti's gonna model. He's gonna do 5 twirls today and
• 1:12:56
  three somersaults. Guys like look at that.
• 1:12:59
  So opti's. Modeling giddy flex, bro.
• 1:13:03
  OK, yeah, you know, this is there's a reason Christine
• 1:13:06
  Lagarde picked Opti. Get yourself some simply Bitcoin
• 1:13:09
  merch. Help support the show.
• 1:13:11
  It really helps the channel help us stay independent.
• 1:13:14
  Yeah, yeah. And also guys you and I'm
• 1:13:17
  already I'm I'm already beating the gun.
• 1:13:19
  We will get you hats, we will get you some new designs.
• 1:13:22
  We're in talk with Bitcoin artists.
• 1:13:23
  We will get you the women fitted ones.
• 1:13:25
  So they look good. We're going to do all that.
• 1:13:28
  We just well this was proof of concept.
• 1:13:30
  We had to make sure we could actually.
• 1:13:32
  Get the store running that you guys wanted to merge and and
• 1:13:35
  also we will be keeping them limited as much as possible
• 1:13:39
  guys. So hey, if you're thinking about
• 1:13:41
  getting an orange one, the next one most likely won't be orange.
• 1:13:45
  The next shirt, it's going to be different.
• 1:13:46
  We may, we'll probably keep the hats going because people seem
• 1:13:49
  to like those hats, but we're going to mix it up so they're
• 1:13:52
  limited. Once they go, they go and you're
• 1:13:55
  going to have to beg. For the for the old model,
• 1:13:59
  because we're we're trying to keep them limited, we're gonna
• 1:14:01
  keep them going as as limited and then.
• 1:14:03
  Sophie's working on on female Simply Bitcoin merch as well, so
• 1:14:08
  stay tuned for that. Anyways, Opti Q the epic music.
• 1:14:14
  Sorry guys, I I keep forgetting that I'm in charge of the music.
• 1:14:19
  All right. All right.
• 1:14:20
  Let's pull up the scores. First one from Nigel.
• 1:14:24
  I give the memes the public sacrifice of a point.
• 1:14:28
  That's a metaphor, YouTube. That's a joke.
• 1:14:32
  OK, Bitcoin for Canadians. I give the memes a fake out moon
• 1:14:35
  candle to start the week. All right, love to.
• 1:14:37
  See it all right. Phil CI give the memes one nerd
• 1:14:41
  miner for everyone. Absolutely bars Next one by
• 1:14:45
  Mclovin meme score. Bitcoin to Fiat is like light
• 1:14:49
  bulbs to candles. Really no comparison.
• 1:14:51
  Absolutely love that next one. Are we?
• 1:14:55
  Are we Are we buzzing? All right, that's that's the
• 1:15:02
  meme score for today. I I have a feeling there's a bit
• 1:15:05
  of a delay, but there's there's the buzzer.
• 1:15:09
  Anyways, guys, if you enjoyed the show, you know what to do.
• 1:15:11
  Smash that like button. Consider subscribing if you feel
• 1:15:13
  like we provided you value. But the number one thing you
• 1:15:15
  could do is share all Bitcoin content.
• 1:15:18
  Drop your meme scores quicker so we can get to them before the
• 1:15:22
  buzzer. The buzzer happens.
• 1:15:23
  It's it's it's done. It's done.
• 1:15:25
  Anyways, I wanna thank our very special guest, Terence.
• 1:15:28
  Thank you so much for joining us today, guys.
• 1:15:31
  Check. Get a copy of his book.
• 1:15:33
  Check the video description. Take you directly to Amazon
• 1:15:36
  where you can get it. Terence has been an absolute
• 1:15:38
  treat and pleasure for you to come on the show today.
• 1:15:41
  Drop in some hot fire. If you want to join us on
• 1:15:45
  Twitter Spaces, which we cohost with our friends over at Swan
• 1:15:47
  Bitcoin, best place to build your Bitcoin stack, please feel
• 1:15:50
  free to do so. We'll let you up on stage and
• 1:15:52
  you know, anyone could ask you questions about your philosophy.
• 1:15:56
  I love the pizza analogy, man, that's sticking with me.
• 1:15:59
  And I love that you picked pizza, because pizza has a very,
• 1:16:02
  very, very strong, has very strong symbolism and history in
• 1:16:08
  Bitcoin, right, the 1st. Bitcoin transaction was in
• 1:16:12
  peaks. I raised to buy 2P John Pizzas
• 1:16:14
  for 10,000 Bitcoin. So Terence, thank you so much
• 1:16:17
  for for joining us today. Appreciate it.
• 1:16:19
  Thank you so much. Yeah, I'll see you over on
• 1:16:21
  spaces. Awesome.
• 1:16:22
  Opti, make sure to let them up, guys.
• 1:16:24
  That was our show. We appreciate you all.
• 1:16:27
  And we'll be back tomorrow, 12:15 PM Eastern Standard Time
• 1:16:31
  for another episode of Simply Bitcoin Live.
• 1:16:35
  Peace out, everybody.