Latest / Simply Bitcoin / Stanley Druckenmiller: Bitcoin is BETTER than Gold | EP 838

Transcript

Stanley Druckenmiller: Bitcoin is BETTER than Gold | EP 838 · Simply Bitcoin

• 0:08
  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 streaming from Los Angeles, CA because
• 0:31
  we're getting ready from Pacific Bitcoin.
• 0:33
  If all goes well, the in today's setup will be live streaming
• 0:37
  from the floor of Pacific Bitcoin Thursday and Friday,
• 0:41
  which should be whole lot of fun.
• 0:43
  Some special episodes Dell and Opti are going to be holding it
• 0:47
  down. I think our boy Chris Alamo from
• 0:49
  from from Bitcoin Magazine should join us as well.
• 0:52
  There should be some interesting shows and then Opti is going to
• 0:55
  be doing some some interviews with some highprofile
• 0:57
  bitcoiners. So that should be a lot of fun.
• 1:00
  Really, really excited for the Pacific Bitcoin Festival.
• 1:02
  It's one of my favorite conferences, honestly, that that
• 1:06
  I've been to. I know Opti had a lot of fun to
• 1:08
  say the least. Last year, Sophie did.
• 1:11
  I It was, it was an amazing time.
• 1:14
  I'm going to be honest, it's going to be hard to beat this
• 1:16
  year. But knowing the Swan team
• 1:18
  they're going to, they're going to kill it. 100% Yeah so they've
• 1:22
  been prepping for this for a long for a for a for a long
• 1:26
  time. So should be should be a lot of
• 1:29
  fun. Anyways today guys, we're going
• 1:30
  to talk about the infamous debate Bitcoin versus gold.
• 1:34
  And you know this this famous billionaire.
• 1:39
  Apparently he is one of the most famous and most successful hedge
• 1:44
  fund managers in the in the, in wall on Wall Street, $6.2
• 1:48
  billion net worth. He said the choir part out loud.
• 1:52
  He said you know he believes that if the gold bet is right,
• 1:56
  the Bitcoin bet is right. But I would.
• 1:58
  I I think that there's more to that right?
• 2:00
  Because the physical characteristics of gold, like I
• 2:04
  think gold bugs were were right in their arguments.
• 2:08
  I just think that they had the wrong tool, right?
• 2:10
  And I think Bitcoin solves this because of its ability to.
• 2:15
  It's ability for a human being to take self custody of large
• 2:19
  quantities of Bitcoin by just writing down, you know, 12 to 24
• 2:23
  words and not only taking self custody of it, but being able to
• 2:27
  send it across the world, you know, instantaneously for
• 2:30
  pennies on the dollar, right. So that completely changes, you
• 2:34
  know, the whole dynamics of this and I think because of its ease
• 2:39
  of if its ability for people to take self custody because it's
• 2:43
  an open Ledger. I think it's going to be a lot
• 2:45
  harder for them to rehypothecate it the way they did with gold.
• 2:48
  And then a lot of people say because they did that with gold,
• 2:51
  they were able to control the gold markets, they were able to
• 2:53
  put downward pressure on the price of gold.
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  So yeah, should be, should be a fun episode.
• 2:59
  Let's let's get Opti up in here. No more delay.
• 3:02
  How you doing, optimist fields? How was the flight you're
• 3:04
  watching? Simply Bitcoin from the
• 3:05
  airplane, weren't you? Yeah, yeah, yeah.
• 3:07
  I only caught the first half, kind of before I lost we feet on
• 3:12
  the plane, but actually I have a bone to pick, shouts out the
• 3:16
  selfie and everyone throwing me under the bus yesterday in the
• 3:20
  you want. You want that know?
• 3:23
  I know. I'm just.
• 3:24
  I'm just talking smack. Everybody loves you.
• 3:27
  Off you don't. Worry like if it wasn't, if it
• 3:29
  was Nico versus Sophie, like I would have lost.
• 3:31
  It would have been a landslide. Well, you know, what I noticed
• 3:34
  yesterday on the plane is there's not enough caffeine when
• 3:38
  Opti is not on the show. So I I bring up very, I don't
• 3:42
  know, frenetic energy to the show that apparently people
• 3:44
  enjoy. So you know, I didn't drink
• 3:47
  enough caffeine this morning, but I'm on a double espresso and
• 3:50
  1 cup of coffee. I probably should go another
• 3:52
  one, but anyways. I'm so jealous right now.
• 3:55
  It's good to be bad. How's everyone doing?
• 3:58
  Good to see you guys. When's simply coffee wine?
• 4:00
  When's simply coffee simply? Honestly, we could probably get
• 4:04
  it in the works. I'm a little bougie, though.
• 4:06
  I I have. I have become a coffee snob.
• 4:09
  Your your your coffee connoisseur OK, I don't know
• 4:12
  anyways. Anyways, after what are you
• 4:14
  going to talk about there in the culture, brother?
• 4:16
  Well, actually, I do have Dell in the room, but we don't have
• 4:18
  enough chairs here, so maybe I can bring in Dell, show his
• 4:21
  face. Dell, they want you to show your
• 4:24
  face. You want to come over here real
• 4:25
  quick? We were kind of having a
• 4:27
  conversation about like the best way to orange pill people, so
• 4:31
  I'm kind of gonna touch on that a little bit today, but here's
• 4:34
  Dell in the flesh. How you doing, Dell?
• 4:37
  Dell is Dell's part of the Simply Bitcoin Originals crew
• 4:41
  with our boy Rustin. So, Dell.
• 4:44
  Yeah we'll bring them on during the meme review.
• 4:46
  Maybe we'll bring them on. I actually, I could set it up
• 4:48
  during the during the culture too.
• 4:50
  Maybe we can have his thoughts come in I'll I'll get I'll get
• 4:53
  this going right now. I could I could do it on the on
• 4:55
  the on the fly on the. But yeah, I I kind of want to.
• 4:58
  We were having this conversation last night about like, what's
• 5:01
  the best way to Orange Pill people?
• 5:03
  And I have a few tweets to jump off of, but we've obviously been
• 5:07
  talking about this for a while on the show of what's the best
• 5:11
  way to get people excited about Bitcoin and talk about Bitcoin.
• 5:15
  And we are Pacific Bitcoin. We are going to be hanging out
• 5:18
  with other bitcoiners, but it's something we always.
• 5:22
  Acknowledge. When you go to a new area, you
• 5:24
  look around. You're like, how many of these
• 5:26
  people are bitcoiners? Or rather, how many people even
• 5:28
  care what bitcoiners care about. And it's usually not too many.
• 5:31
  I think even Sophie and us were having a conversation while we
• 5:34
  were getting tacos last night. It's like no one cares.
• 5:36
  They don't care. Like why don't they care?
• 5:39
  Why don't they know that they are getting poorer?
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  I don't know, I I maybe it's my design.
• 5:43
  Maybe. Maybe it's just upon us
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  individuals to change the world and and just bring the normies
• 5:49
  along with us. So I don't.
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  Know I think it's human nature, bro.
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  I think it's human nature just to like not seek alternatives if
• 5:57
  you're not incentivized to like that's why I like you see the
• 6:01
  rise of a libertarian you know who has a really good shot at
• 6:05
  winning the presidency in Argentina because the money is
• 6:07
  so broken that people are just sick and tired of the status quo
• 6:10
  and they just want a solution. And I think that as long as.
• 6:14
  The inflation rate remains ever so slight where people don't
• 6:18
  start asking questions about what is money.
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  I think that they can get away with it for a long time.
• 6:22
  I think, you know, America is a really rich country, like, you
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  know, with everything going on, like every all the chaos, you
• 6:28
  know? McCarthy lost his seat.
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  Oh, we should play that clip today.
• 6:31
  Oh. We.
• 6:32
  Absolutely. Will I dropped them in the
• 6:34
  telegram groups if you need them.
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  So, so yeah, so you know it like the country is going nuts.
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  Very political, politically divided, but it's still
• 6:43
  extremely wealthy. You could pull up an iPhone and
• 6:46
  you can order a car to your doorstep on delivery, bringing
• 6:50
  you food or could take you places, Right.
• 6:52
  So. So yeah, the Copernicus said
• 6:57
  some interesting stuff. Anyways, all right everybody,
• 6:59
  let's jump straight into the numbers.
• 7:01
  Let's do it. The Bitcoin numbers.
• 7:09
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  earth, Titanium. Your words are actually stamped
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• 8:27
  or you're going to have to explain to your grandchildren
• 8:29
  why you know you lost your Bitcoin anyways.
• 8:33
  At the time of recording the Bitcoin price is 27,465 sats per
• 8:37
  dollar, 3641 block height 810,631 blocks to having 29,369
• 8:46
  having estimate April 21st 2024 total lightning network capacity
• 8:51
  4000 I mean 5015 Bitcoin. Capacity value estimated to be
• 8:55
  around 137,000,000 U.S. dollars. Realize monetary inflation 1.75%
• 9:01
  The market capitalization of Bitcoin $535 billion of the B
• 9:07
  Bitcoin versus gold market cap 4.35%.
• 9:11
  I want to focus on that a little bit.
• 9:13
  The Bitcoin versus gold market cap aspect of things that number
• 9:22
  if. It not if when Bitcoin reaches
• 9:25
  the market cap of gold, that puts the price of Bitcoin at
• 9:28
  roughly $500,000 per coin. I think it's an inevitability.
• 9:33
  Michael Saylor has said this. Now other billionaires are
• 9:35
  saying this. You know the top hedge fund
• 9:38
  manager and Wall Street is saying this now and I and I
• 9:41
  truly believe that the reason that it's superior to gold.
• 9:44
  And again, I can't emphasize this every like, I can't
• 9:47
  emphasize this enough every episode.
• 9:49
  I'm a big fan of gold, like physical gold.
• 9:51
  Like if you're holding a gold bar in your hand, you know that
• 9:54
  things real and it feels nice in your hand, right?
• 9:57
  But gold is missing two things that Bitcoin has #1.
• 10:02
  It's physical characteristics. So it's physical characteristics
• 10:05
  because it's a heavy metal like it's it's it's weighs a lot.
• 10:09
  If you have a lot of gold, it's very hard to transport over long
• 10:14
  distances and then it's. Can you send gold immediately to
• 10:19
  anywhere around the world instantaneously for pennies on
• 10:22
  the dollar? No, you can't do that.
• 10:23
  Right? And then #2 is absolute scarcity
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  right there. You don't know how much gold is
• 10:30
  in the ground, right? The inflation rate of gold is
• 10:32
  roughly about 1 to 2%. The price of gold increases, so
• 10:37
  there's a production of gold. There's also meteors, or, you
• 10:40
  know, asteroids floating in space that have this, you know,
• 10:43
  unquantifiable amount of gold. Right.
• 10:45
  There's no meteors or asteroids for floating in space that hold
• 10:49
  like a million Bitcoin on them, right?
• 10:51
  We know what the with the with the whole supply of Bitcoin is
• 10:54
  going to be until the end of time, and that's what makes it
• 10:58
  very unique, Absolute scarcity. So far we've only had absolute
• 11:01
  scarcity for less than two decades, and that has made the
• 11:06
  best Bitcoin the best performing asset to ever exist in the
• 11:09
  history of mankind so far, right?
• 11:12
  So maybe we're on to something. Anyways, so this was a historic
• 11:16
  moment yesterday and essentially what happened was Speaker
• 11:22
  McCarthy was voted out of of the speakership.
• 11:27
  So now the House of Representatives in the US
• 11:30
  doesn't have a speaker as the first time this has happened in
• 11:33
  American history. And then I get you, you're like
• 11:35
  Nico is a Bitcoin show. What?
• 11:36
  Why? Why are you talking about
• 11:37
  politics? Well, I promise you what, Matt
• 11:41
  Gates? Is saying, which is the
• 11:44
  representative, the congressman that led the movement for
• 11:46
  Senator McCarthy to get voted out.
• 11:49
  He identified the corruption. He identified the issues with
• 11:55
  the money printer. He identified the fact that the
• 11:59
  bureaucratic elite do not work for, you know, everyday
• 12:03
  Americans. They work for themselves and
• 12:06
  special interest now. Where I think Matt Gaetz and I
• 12:10
  think inevitably he's going to lead to the conclusion that OK,
• 12:14
  you know, Bitcoin fixes this, Bitcoin is the solution to this
• 12:17
  problem. But he, he correctly pointed out
• 12:21
  the Contillionaire effect that is happening in DC.
• 12:25
  And this effect is not only happening in DC, it's happening
• 12:28
  in world governments all over the world.
• 12:31
  And the ones that are the ones that the ones that are able to
• 12:33
  get away with it the most. Are the ones with the strongest
• 12:36
  Fiat currencies, because those governments can continue to
• 12:40
  debase their currencies, spend more than they collect in tax
• 12:44
  revenue, and in the process what they're really doing is it's a
• 12:47
  wealth redistribution mechanism from the lower and middle
• 12:49
  classes that don't have the means to save an assets to the
• 12:53
  very wealthy and back to the government.
• 12:55
  Right. And that's the part you know
• 12:57
  that they don't want you to know.
• 12:59
  That's why the IMF was releasing propaganda videos today.
• 13:02
  There is a BBC article that we're going to cover today that
• 13:04
  literally says that inflation is not a tax.
• 13:07
  Like verbatim, right. Like, and that tells you that we
• 13:11
  are over the target. That tells you that that is an
• 13:14
  indefensible position for them. That tells you that they don't
• 13:17
  have a good explanation for that.
• 13:19
  So they have to. Try their hardest to maintain
• 13:23
  the narrative. This is why they resort to
• 13:25
  censorship. This is why they say, oh, if it
• 13:27
  doesn't come from official sources, it's misinformation.
• 13:30
  Because they can't argue with that.
• 13:32
  There. There's no argument now.
• 13:35
  Our, our, our goal, our lift as bitcoiners, is to wake up people
• 13:42
  to this reality. Right.
• 13:44
  Corey wrote a piece for Swan of the race to avoid the war.
• 13:48
  Right. We must have an intransigent
• 13:50
  minority in the United States that is unmovable in this
• 13:53
  certain issue. Yes, like I I think Bitcoin is
• 13:58
  the solution to the corruption that is happening in the
• 14:01
  Imperial city in Washington. DCI think Bitcoin is is the
• 14:04
  solution to the corruption happening everywhere around the
• 14:07
  world. And that corruption stems from a
• 14:09
  bureaucratic elite have the ability to create money for free
• 14:12
  that the rest of us have to work for, right?
• 14:14
  We have to level the playing field, and I think Bitcoin does
• 14:17
  just that. Anyways, I'm going to play you
• 14:18
  guys the clip from Gates and then we'll talk about it.
• 14:21
  Mr. Speaker, my friend from Oklahoma says that my colleagues
• 14:25
  and I who don't support Kevin McCarthy would plunge the House
• 14:29
  and the country into chaos. Chaos is Speaker McCarthy.
• 14:35
  Chaos is somebody who we cannot trust with their word.
• 14:39
  The one thing that the White House, House Democrats, and many
• 14:44
  of us on the conservative side of the Republican caucus would
• 14:47
  argue is that the thing we have in common, Kevin McCarthy, said
• 14:51
  something to all of us at one point or another that he didn't
• 14:54
  really mean and never intended to live up to.
• 14:58
  I don't think voting against Kevin McCarthy is chaos.
• 15:01
  I think 33 trillion in debt is chaos.
• 15:05
  I think that facing a $2.2 trillion annual deficit is
• 15:08
  chaos. I think that not passing single
• 15:11
  subject spending bills is chaos. I think the fact that we have
• 15:14
  been governed in this country since the mid 90s by continuing
• 15:18
  resolution and omnibus is chaos. And the way to liberate
• 15:22
  ourselves from that is a series of reforms to this body that I
• 15:26
  would hope would outlast Speaker McCarthy's time here, would
• 15:30
  outlast my time here, and would outlast either of our
• 15:32
  majorities. Reforms that I have heard some
• 15:35
  of the most conservative members of this body fight for, and some
• 15:39
  of the reforms that we've been battling for, that I've even
• 15:42
  heard those in the Democratic caucus say would be worthy and
• 15:46
  helpful to the House, like open amendments, like understanding
• 15:50
  what the budget is. We have been out of compliance
• 15:53
  with budget laws for most of my life, most of many of your
• 15:58
  lives. And by the way, if we did those
• 16:00
  things, if we had single subject bills, if we had an
• 16:03
  understanding on the top line, if we had open amendments, if we
• 16:06
  had trust and honesty and understanding, there would be
• 16:10
  times when my conservative colleagues and I would lose,
• 16:13
  might be a few times when we'd win.
• 16:15
  There'd be times that we would form partnerships that might
• 16:17
  otherwise not be really predictable in the American body
• 16:22
  politic, but the American people would see us legislating.
• 16:26
  These last few days we've suspended the momentum that we
• 16:30
  had established the week earlier where we were bringing bills to
• 16:33
  the floor, voting on them, staying late at night, working
• 16:36
  hard. That's what the American people
• 16:38
  expect. It's something Speaker McCarthy
• 16:40
  hasn't delivered, and that's why I've moved to vacate the chair I
• 16:43
  reserve. So a couple things, right?
• 16:47
  And there's another video that was really good as well.
• 16:49
  Yeah, he talks about the D dollarization.
• 16:52
  Look, I think what's really important about this video in
• 16:56
  this moment in history is that it's a bipartisan effort.
• 17:01
  Matt Gaetz doesn't take any Super PAC money, which means
• 17:05
  that he is really speaking for the people he's taking donations
• 17:09
  from, regular people like you and me.
• 17:11
  And for and the fact that this is a bipartisan effort means
• 17:16
  that the country wants unification and they want
• 17:18
  change. They're tired of all of this
• 17:20
  corruption and what enables this corruption?
• 17:24
  The money printer of. Course.
• 17:26
  That, that, but, but that that's the that's where I think he gets
• 17:29
  it wrong. Where he's like, well there
• 17:30
  needs to be, there needs to be changes here like there needs to
• 17:33
  be like clearly like the system is not working, but I just don't
• 17:37
  believe that it. I don't believe that there's a
• 17:41
  political solution to this. I think the system is so rotten,
• 17:45
  the incentives are so misaligned that it's like yeah, you might
• 17:49
  have that one, you might have a group of like 5 or 6 congressmen
• 17:53
  that are moral and they're taking money from non Fiat money
• 17:57
  printer related contillionaires basically.
• 18:01
  But it's like the vast majority of people in DC are just like,
• 18:05
  no, it's a lot easier to just, you know, take money from the
• 18:08
  money printer. But do you blame them?
• 18:09
  Like, it's just human incentives?
• 18:12
  Like, I don't really blame them. Like, yeah, you could you can
• 18:15
  make the argument they're morally corrupt.
• 18:16
  Like, you can make that argument right.
• 18:18
  But but yeah, it's just human nature to try to, you know,
• 18:23
  progress your family and progress yourself economically.
• 18:27
  Right. Like, it's why these politicians
• 18:28
  are worth hundreds of millions of dollars off of government
• 18:30
  salary, right. Like they are benefiting from
• 18:33
  that money printer. The solution, Matt Gates, is not
• 18:37
  necessarily, you know, trying to change things in the house.
• 18:41
  The solution is the separation of money in state.
• 18:45
  Because if you separate money in state, you fix the you'd fix the
• 18:49
  incentive structure. And now, all of all of a sudden,
• 18:52
  politicians cannot just. Oh, there's a money printer.
• 18:57
  I'm just going to benefit from it.
• 18:59
  That isn't there anymore. And the only way of raising
• 19:02
  funds for the government is through direct taxation.
• 19:06
  Therefore, they're incentivized to do good by their constituents
• 19:09
  because that's how they get reelected and that's how they'll
• 19:11
  be able to raise taxes. If that's a popular thing.
• 19:15
  And there's already an example of this, and I think it's too
• 19:17
  early to tell, right? But I'm sure that the second
• 19:20
  country is you're going to see something very similar happen.
• 19:24
  And what I'm talking about is El Salvador.
• 19:27
  It is not a coincidence, Okay, that the first country that made
• 19:31
  Bitcoin legal tender, they fix the base layer of society,
• 19:35
  right? That the person, the politician
• 19:38
  that got elected is actually doing the things that he said he
• 19:42
  was going to do. And also he has the highest
• 19:45
  approval rating of any politician in the Americas.
• 19:49
  That is not a coincidence. You are seeing what happens when
• 19:53
  you fix the base layer of society.
• 19:55
  You're seeing what happens when you fix the incentive structure.
• 19:59
  And what Matt Gates pointed out and what the gold bugs point out
• 20:02
  as well, is that there's something rotten, right?
• 20:05
  The gold bugs. They point out the central bank,
• 20:07
  the politicians, you know, in in terms of Matt Gate, in this
• 20:10
  historic speech that he made, he pointed out the corruption of
• 20:14
  the, you know, the bureaucratic elites in DC, that the
• 20:17
  continuing class but were the gold bugs.
• 20:21
  And where I think Matt Gaetz gets it wrong, respectfully, is
• 20:25
  the solution is to separate money from state.
• 20:27
  The solution is to get back on a sound money standard and that
• 20:31
  will fix the incentive structure.
• 20:33
  And if you fix the incentive structure, I think you win.
• 20:37
  I I think it's easy as that because if not, you're just
• 20:39
  trying to force people to act against their own incentives and
• 20:43
  the beauty of Bitcoin. It's an aligned incentive
• 20:45
  structure, meaning me pursuing my own greed and the betterment
• 20:49
  of me and my family. I'm actually helping everybody
• 20:53
  else, right? So like the minors, it's the
• 20:55
  same thing applies, right? I'm, I'm mining Bitcoin not
• 20:59
  because I want to, you know, make the Bitcoin network more
• 21:02
  secure. I'm mining Bitcoin because I
• 21:04
  want to make money. There's there's a profit
• 21:06
  incentive. I'm running a node because I'm
• 21:09
  incentivized to run a node because I don't trust anybody
• 21:12
  else's node. And that makes the Bitcoin
• 21:15
  network stronger. I'm talking about Bitcoin
• 21:17
  because I love Bitcoin. I hold Bitcoin and what does
• 21:20
  that do that spreads Bitcoin and if you adopt Bitcoin, you
• 21:23
  benefit from it just as much as I benefit from it, just as much
• 21:27
  as Michael Saylor benefits from it.
• 21:30
  And that is in stark contrast compared to the Fiat system
• 21:34
  where the continuing their class, they benefit from any
• 21:38
  from it and everybody else loses.
• 21:40
  And it's gotten so Frankenstein to the point that now at the
• 21:43
  continuing their conference, they're even saying things like
• 21:46
  you'll own nothing and be happy like they're even telling you
• 21:48
  get used to not owning anything right.
• 21:51
  So I think we live in a world of misaligned incentives and I
• 21:55
  think Bitcoin fixes those those incentive structures and I I
• 21:58
  can't emphasize it enough. So don't get distracted with the
• 22:01
  right and left bullshit, because that's what it is.
• 22:05
  Focus on fixing the root cause, and the root cause is broken
• 22:09
  money. Anyways, Opti, what's your take?
• 22:11
  Yeah, I mean, before I go, obviously I think I need to give
• 22:14
  the caveat of I do not trust, trust politicians.
• 22:18
  But with that being said, Matt Gaetz is literally saying what
• 22:22
  we've been saying for a long time and it's just he doesn't
• 22:25
  talk about the solutions as far as we see it.
• 22:27
  And of course, it is simply Bitcoin.
• 22:29
  But with that being said. I really was enjoying some of
• 22:33
  the stuff that he was saying because it's like he was saying
• 22:35
  the quiet part out loud. You know, what do we say all the
• 22:38
  time left right? Doesn't matter it is go or
• 22:42
  Bitcoin verse you know orange verse green.
• 22:44
  And I mean he clearly stated like the uni party, you never
• 22:47
  really hear politicians talk about the uni party that they're
• 22:50
  bought and paid for by lobbyists.
• 22:52
  And we were literally talking about this last night, Sophie
• 22:55
  and I, about the idea of, like, what's the fine line between.
• 22:59
  Chaos or law and order and anarchy.
• 23:02
  And you know Matt Gaetz is saying it right there.
• 23:05
  It's like we are already in chaos.
• 23:07
  They the money printers out of control.
• 23:09
  The Fiat system is out of control, the debt is at all time
• 23:12
  high. They're constantly printing more
• 23:14
  money and the only thing that's really keeping, you know, like
• 23:17
  the fabric of society together is just basically like everyone
• 23:21
  asleep and everyone just asleep at the wheel and not really
• 23:24
  noticing what's going on and. We know, especially as
• 23:28
  Bitcoiners and here at Simply Bitcoin, as independent content
• 23:31
  creators like the monopoly on information no longer has that
• 23:34
  chokehold. Like the the money printer is
• 23:37
  out of control. They cannot control information
• 23:39
  anymore. They're doing their best to
• 23:41
  control the information because they know that if this signal
• 23:44
  gets out there that more people wake up to the fact that the
• 23:46
  Fiat system is completely out of control, that all the
• 23:49
  politicians are bought and paid for that the system again.
• 23:53
  On the one hand, being generous is broken.
• 23:56
  On on the other hand, being more pragmatic and saying like this
• 24:00
  is a feature and the system is designed this way so that the
• 24:02
  little man is not able to get up.
• 24:04
  It's like it's not meant to work for your best interest and.
• 24:08
  Nico said it best, you know, Matt Gaetz maybe hit the nail on
• 24:12
  the head when he's talking about what the problems are, but his
• 24:14
  solution is what? A political solution of like,
• 24:17
  hey, you know, let's just print money for one one problem and
• 24:21
  not combine them all together and print that scenes amount of
• 24:24
  money and we're just here like, yo, it's the money.
• 24:26
  The fact that you're printing money is the problem.
• 24:29
  The fact that you're able to print money to lobby your
• 24:32
  friends and basically help their businesses.
• 24:36
  Gain and garner attention and resources like that is the
• 24:39
  problem. Having political favor is the
• 24:41
  problem here. And yes, wow, it does sound very
• 24:45
  good to have politicians that are not bought and paid for by
• 24:49
  lobbyists and, you know, funded by the very people he's supposed
• 24:53
  to be helping. Does sound good on paper.
• 24:56
  Obviously, I don't think it's an actual solution because we say
• 25:00
  it all the time. It's a separation of money in
• 25:01
  state. The very fact that the biggest
• 25:03
  government in the world, the biggest employer in the world,
• 25:05
  is the US government, I don't think is a coincidence.
• 25:08
  They have obscene amount to money to literally buy anyone
• 25:12
  they want to like. This is why all this crazy stuff
• 25:15
  is happening. This is why we're seeing these
• 25:18
  politicians get away with so much ridiculous stuff.
• 25:21
  And so you know. We're at the point now where
• 25:24
  even politicians are getting fed up with the system.
• 25:26
  Like, yeah, I I'm I again. I've been telling you guys, I've
• 25:31
  been re watching Atlas Shrugged. I've been rereading Atlas
• 25:34
  Shrugged. And I I There's just so many
• 25:37
  parallels that we're seeing right now where it's getting to
• 25:40
  a point where they have to constantly play cover for their
• 25:44
  friends and lobbyist in Washington and you know, do
• 25:48
  things for the public good, the public welfare, to a point where
• 25:51
  even the people that are in the system are like, holy shit,
• 25:54
  like. I've had enough.
• 25:57
  We we need to change something. But again, they don't have the
• 26:00
  real solutions, which is take the money away from them because
• 26:04
  why do they have the money? Why they Why do we have the
• 26:07
  biggest federal government in the world?
• 26:08
  Like, what is going on here? It's because they have control
• 26:11
  of the money. And again, even with doubt, we
• 26:14
  were having this conversation. Maybe I'll bring them in.
• 26:16
  I have it all set up. We'll bring them in the culture.
• 26:18
  It's like being a little generous.
• 26:24
  To the skeptics, maybe Bitcoin isn't the ultimate solution
• 26:28
  here. Maybe it isn't the fix for
• 26:29
  everything. But it seems to be the only
• 26:33
  solution we have right now, and it's the best solution we have
• 26:36
  right now. And it's the only thing you can
• 26:37
  do to help yourself is to opt out of this Fiat money game, opt
• 26:41
  out of this craziness and saving something that they cannot
• 26:44
  debase. Like literally.
• 26:45
  If you don't like this stuff, Matt Gaetz, then you should
• 26:48
  probably be holding some Bitcoin.
• 26:49
  You should probably be talking about Bitcoin because the very
• 26:52
  system that you. You know want to help, and you
• 26:56
  put an oath to help. The people that you're supposed
• 26:58
  to represent are being literally stolen from because of the
• 27:02
  system. Like it's either broken or this
• 27:04
  is a feature, not a bug. So it's good to hear these
• 27:07
  conversations and maybe this is just the first part of the
• 27:11
  revolution that is happening, the Bitcoin revolution.
• 27:14
  The Bitcoin reset is people having these conversations.
• 27:17
  And then slowly but surely while the number goes up, while
• 27:21
  Bitcoin media starts to explode, we can get the real solution in
• 27:24
  front of people and be like opt out of the Fiat system guys.
• 27:27
  It's literally designed. To work this way 100% and and
• 27:32
  that and remember like a lot of people think that this is
• 27:35
  something new, like what is happening, right?
• 27:37
  No, no, no, no, no. This happened to the Romans is
• 27:40
  the same story. They started debasing the
• 27:43
  currency over time and that led to the moral decay of society,
• 27:47
  right? Like this cycle has been
• 27:49
  repeated over and over again, right where the sovereign, the
• 27:53
  king, the the state, you know, abused that and they debased the
• 27:59
  currency to benefit themselves. And then that started having
• 28:01
  effects on society. And then things break, right?
• 28:05
  Then the cycle repeats itself. People learn the lessons of the
• 28:08
  past and they say, okay, we need to go back to a sound money
• 28:11
  standard. You go back to a sound money
• 28:13
  standard, what happens over time, they start chipping away
• 28:17
  at it and then it's no longer a sound money standard, right?
• 28:20
  So we've tried the gold standard.
• 28:22
  It's time for Bitcoin, it's try, it's time to try something new.
• 28:25
  And I think because of Bitcoin's unique characteristics, because
• 28:29
  of its ability to take self custody of it, to send it
• 28:32
  anywhere around the world, I think we actually have a shot to
• 28:36
  transitioning to a sound money standard because it is going to
• 28:38
  be very difficult for the state to get to decide what money you
• 28:44
  can use and what money you can't use.
• 28:46
  And this is a theory that was made back in the 90s in the book
• 28:49
  the sovereign individual they predicted the rise of Bitcoin.
• 28:54
  They predicted the rise of non state money enabled by the
• 28:58
  Internet and they they hit the nail on the head.
• 29:01
  So it's time to try something new and you know it's incredibly
• 29:05
  important that's why we we always cover you know either
• 29:08
  Matt Gates or Tim Pool when they talk about you know they talk
• 29:13
  about Bitcoin right, when they're the specifically Tim
• 29:15
  Pool right because that is breaking the Bitcoin anchor
• 29:18
  chamber. Where are Orange build?
• 29:19
  We are. We already know the solution.
• 29:22
  Could you imagine how different that speech would have been if
• 29:26
  Matt Gaetz was a Bitcoiner? Not only would he correctly
• 29:29
  identified the problem, but he would have provided a solution
• 29:34
  that doesn't require that political discourse.
• 29:37
  It just requires for the individual to say, you know,
• 29:39
  what, like F your money, I'm going to opt out, right?
• 29:43
  So anyways, let's get on to the news.
• 29:45
  We got a lot to talk about. Let's check it out.
• 29:47
  Let's do it. Before we got on to the news, I
• 29:55
  have to give a shout out to the largest Bitcoin conference in
• 29:58
  the world, Bitcoin 2024. It's going to be in Nashville,
• 30:00
  TN this year. It's not going to be in Miami
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  July 25th through the 27th. 2024, the year of the having for
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  a GA ticket and get it for 349. For an industry pass, get it for
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  8:49 and for a whale pass, get it for 4749.
• 30:15
  It's gonna be the largest Bitcoin celebration of the year.
• 30:19
  Bitcoin 2024, You don't want to miss this Bitcoin conference.
• 30:24
  It's the biggest in the world. Opti and I are gonna be there.
• 30:27
  It's a great time. It's a great reason to meet up
• 30:30
  with your Bitcoin friends in person.
• 30:32
  Use promo code simply to get yourself a major discount to
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  Bitcoin 2024. All right, guys, let's hit the
• 30:38
  news. The Daily News I want to give a
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  the show notes below to learn more.
• 31:42
  Guys, remember not your keys, not your Bitcoin.
• 31:44
  So take self custody of your Bitcoin and the way that you do
• 31:46
  that is not only properly securing your wallet backup seed
• 31:50
  words, but also getting yourself a nice hardware wallet that's
• 31:53
  easy to use, open source and the one that we recommend is
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  Passport by Foundation devices. You can scan the QR code on your
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  screen. It'll take you directly to the
• 32:01
  website where you can get yourself a passport.
• 32:04
  It's really nice anyways. What do you say?
• 32:07
  It's literally my favorite wallet.
• 32:09
  It's the best one, really. You guys should get it.
• 32:12
  So if he thinks it's beautiful, she just likes the appearance.
• 32:15
  She likes the appearance. Nokia Maxi.
• 32:18
  It's exactly I'm a Nokia Max. It's the most beautiful hardware
• 32:23
  wallet on the market. I think that and it's the
• 32:26
  easiest to use. So.
• 32:29
  There you go. So shout out Elaine, she says.
• 32:31
  Start smashing the like. Let's see how far we are away
• 32:34
  from 200. We're at 71 likes.
• 32:36
  That means we need 29 likes to get back to 100.
• 32:40
  Help us maintain our streak of breaking 100 likes within the
• 32:44
  first hour of the live stream. Smash that like button if you
• 32:47
  are enjoying the show. Anyways, this is a clip from
• 32:52
  Stanley Druckenmiller, who is known as one of the most
• 32:55
  successful hedge fund managers on Wall Street and is worth $6.2
• 32:59
  billion. He says, quote Frankly, if the
• 33:01
  gold bet works, the Bitcoin bet will probably work better, so
• 33:05
  let's check it out. They have warmed up to the fact
• 33:08
  that Bitcoin could be an asset class that has a lot of
• 33:14
  attraction to it as a store of value to both millennials and
• 33:18
  the new West Coast money. And as you know, they got a lot
• 33:20
  of it. It's been around for 13 years
• 33:23
  and with each passing day it picks up more.
• 33:26
  More of its stabilization of a brand.
• 33:29
  So I own many, many more times gold than I own Bitcoin.
• 33:34
  But frankly, if the gold bet works, the Bitcoin bet will
• 33:38
  probably work better because it's thinner and more liquid and
• 33:41
  has a lot more beta to it. Terms of copper?
• 33:46
  Sorry, Kelly, go ahead. Sure.
• 33:49
  No, I. Was going to say under
• 33:50
  understood it and I do. I certainly don't want to
• 33:52
  overstate it. But and also like we said, you
• 33:54
  have kind of a different rationale.
• 33:56
  You know when when Bill was talking about Bitcoin and he's
• 33:58
  been very bullish on it for many, many years and a supply
• 34:01
  demand kind of thing. But for yours, it's almost a
• 34:03
  simple mathematical calculus as well.
• 34:06
  If we're talking about a weak dollar, OK, so couple things.
• 34:10
  Do you guys notice the price of Bitcoin when I played you that
• 34:13
  video? In that video, the price of
• 34:14
  Bitcoin is 15,000, so he already 2X S his investment, right?
• 34:19
  Not to mention the fact that we're at the depths of a bear
• 34:21
  market, right. And another thing, what has gold
• 34:25
  done since then? Apps that hasn't 2X S for sure.
• 34:31
  Not at all. Right.
• 34:32
  So yeah, I think, you know, I think, I think, you know, it's
• 34:37
  it's easier, you know, I think Bitcoin is just not only easier
• 34:40
  to take self custody, it's superior asset.
• 34:42
  I think people are starting to see that.
• 34:44
  Now imagine the level of his conviction.
• 34:47
  Once he said that, right, he said that and then the price of
• 34:51
  Bitcoin 2X, so his investment 2X already, right.
• 34:55
  So I bet you his conviction is even higher than it was before.
• 34:59
  And then how long until his billionaire friends start seeing
• 35:02
  what he's doing and saying, wow, this Michael Saylor guy, this
• 35:05
  Stanley Druckenmiller, you know, they might be on to something,
• 35:09
  you know, And then all hell breaks loose, you know, it's
• 35:11
  just the floodgates open. And I think we're we're a lot
• 35:14
  closer to that moment than than people anticipate anyways.
• 35:18
  I saw people, I saw someone in the chat asking about where they
• 35:21
  can get the hoodie. Yeah, check out the Simply
• 35:24
  Bitcoin merch on simplybitcoin.com.
• 35:26
  Scan the QR code right now or check out the video description
• 35:29
  and you can get yourself the orange hoodie that I'm wearing.
• 35:31
  You can get yourself one in any size that you want.
• 35:33
  Get it while supplies last though.
• 35:35
  Anyways, moving on to the next piece of news and we were
• 35:40
  talking about this where this, this inflation thing, right?
• 35:44
  This, this how they have to maintain the narrative, how they
• 35:48
  have to maintain the illusion. And you know, this is the BBC.
• 35:53
  The BBC is funded by the British taxpayer.
• 35:56
  So the British taxpayer funds the BBC.
• 36:01
  And then this goes back to what I've been telling you about the
• 36:03
  misalignment of incentives. I can't focus on that enough
• 36:07
  Fiat system, misalignment of incentives, right.
• 36:11
  The government doesn't start working for the people.
• 36:14
  It starts working for itself because it doesn't need to work
• 36:16
  for the people, because it has a money printer.
• 36:19
  And what they want to do is they want to protect that privilege
• 36:23
  because that is how they fund themselves.
• 36:24
  That's how they enrich themselves.
• 36:26
  They don't really care about the people.
• 36:27
  They just have to shut the people up enough so that there
• 36:31
  isn't a revolution. There isn't like people saying,
• 36:33
  you know what, this is crazy. I can't take more of this,
• 36:35
  right? Basically what what's, you know,
• 36:38
  the reason that the rise of this libertarian and the central bank
• 36:42
  candidate in Argentina is because people are just like,
• 36:45
  yo, this is crazy, 100% inflation.
• 36:47
  I've had enough of this and they're scared.
• 36:50
  Look at the I M F's reaction to Argentina.
• 36:53
  One of the conditions that they gave Argentina with the bailout
• 36:56
  loan was that Argentina had to deincentivize the adoption of
• 36:59
  Bitcoin. So this has them scared.
• 37:02
  This latest propaganda piece titled for Audio Listeners is
• 37:06
  Inflation Attacks and Other Conservative Claims Checked,
• 37:11
  right? So this is what the BBC is
• 37:13
  telling you. The British broadcasting
• 37:14
  something anyways goes on to say, is inflation a tax question
• 37:22
  mark? Speaking on Laura Kisenberg's
• 37:26
  program, the Prime Minister would not promise to cut taxes,
• 37:28
  instead wanted to focus on inflation, he said, quote, the
• 37:32
  best tax cut I can deliver for the British people is to have
• 37:35
  inflation. When challenged on this, he
• 37:37
  repeated, he repeated inflation is a tax.
• 37:41
  A similar claim was made by Chancellor Jeremy Hunt and
• 37:44
  Justice Secretary Alex Chalk, who said that having having
• 37:48
  inflation would mean 5% more in people's pockets.
• 37:52
  Inflation is not a they're saying this as a fact, right?
• 37:55
  Inflation is not a tax, although high inflation can clearly make
• 38:00
  people worse off because it means higher prices.
• 38:04
  Like what is that but not a de facto tax like?
• 38:08
  Are you like picking like this is technically not a tax okay in
• 38:12
  the technical definition? Fine, but it is totally a
• 38:16
  fucking tax. It makes people poorer.
• 38:19
  It's taking money from you and giving it back to the
• 38:23
  government. That's what it does.
• 38:25
  That's what inflation is, right? So that's bullshit.
• 38:31
  Anyways, it goes on to say a tax is a charge or levy made by a
• 38:35
  government, typically to pay for services.
• 38:38
  You're right that that got it right because they're totally
• 38:41
  not using it to fucking pay for services.
• 38:43
  They're using it to send billions of dollars to fucking
• 38:45
  Ukraine while we can't afford it, right?
• 38:48
  Anyways, Mr. Sonak also wanted to highlight his record in
• 38:51
  reducing inflation. He said, quote, I spent the
• 38:54
  first year stabilizing things, making progress on bringing
• 38:58
  inflation down. Now here's the thing, right?
• 39:01
  When they say bringing inflation down, that doesn't mean that the
• 39:05
  price of things are going to get cheaper or they're going to go
• 39:08
  back to the prices where they were before.
• 39:11
  You know the crazy inflation start happening.
• 39:14
  All it means is that the price of goods is not rising as fast
• 39:18
  as quickly as it was before, like that's how bad shit is.
• 39:23
  So this is just nuts. So it goes on to say inflation
• 39:26
  has come down since the PM pledged to have it from 10% at
• 39:30
  the end of 2022 to 5.3% by the end of 2023.
• 39:34
  The government is using a measure of call called the CPI,
• 39:38
  which tracks the price of typical basket of goods.
• 39:41
  Despite the recent falls to 6.7% in the year the year to August,
• 39:45
  analysts remain divided about whether the PM's goal will be
• 39:48
  achieved. However, the Bank of England
• 39:50
  said that it expected inflation to be about 5% by the end of the
• 39:53
  year. Goes on to say, does HS2 cost 10
• 39:57
  times more than similar projects in France?
• 40:00
  And I think this is an unrelated article.
• 40:02
  Anyways, okay. I have a question.
• 40:07
  When inflation goes up, do our taxes go down?
• 40:10
  No, no, I mean, no. Our taxes technically go up, I
• 40:14
  know. So.
• 40:14
  So inflation isn't a tax? I don't know.
• 40:16
  I'm confused. It feels like inflation is a tax
• 40:19
  on a tax, if anything. Yeah, I mean, it's absurd.
• 40:24
  And remember, and it's a it's not an equal tax.
• 40:28
  So keep this in mind. This is not an equal tax.
• 40:30
  This is why there isn't like enough ruckus on inflation.
• 40:33
  Inflation actually benefits asset owners.
• 40:37
  So if you hold a property, or if you hold, if you hold equities
• 40:42
  and and whatnot, generally when the Fed prints a crap ton of
• 40:47
  money, your asset prices actually rise.
• 40:50
  So you technically get richer. You don't get richer in terms of
• 40:53
  purchasing power, but in terms of the the value you're looking
• 40:57
  at, the value of your property increased by two times.
• 41:00
  Technically, right, you have two times the money.
• 41:03
  Now the purchasing power isn't quite there.
• 41:06
  Right. So it it's like it's this, this
• 41:08
  disproportional tax that truly affects the lower and middle
• 41:13
  classes that don't have the means to save an assets, right.
• 41:17
  So they're the ones that get disproportionately hurt by
• 41:20
  inflation the most. So inflation is without a
• 41:25
  without a doubt a tax. Not only is it a tax, it's a tax
• 41:29
  that only is. It only affects the lower and
• 41:33
  middle classes. That that is an evil fucking
• 41:36
  tax, right? And that is why they have to
• 41:38
  release these propaganda pieces. That is why the I MF has to, you
• 41:44
  know, get this high production quality video about this lady
• 41:47
  telling you what is inflation. Well, it was caused by the
• 41:50
  pandemic, is caused because they, you know, they
• 41:52
  manufactured more good people were asking for more salaries in
• 41:55
  there. Like everything.
• 41:56
  They blame everything and anything.
• 41:59
  But the fact that they printed a record amount of money that is
• 42:02
  never mentioned in the conversation, and that tells you
• 42:05
  everything you need to know about how much they want to
• 42:08
  avoid that conversation. And the more people wake up to
• 42:11
  that fact, because what they're relying on is low information
• 42:16
  people. They're relying on people that
• 42:19
  don't have enough information to make an informed decision.
• 42:23
  So they are easily, they're easy to manipulate, they're easy to
• 42:26
  control. Our job as Bitcoiners is really
• 42:30
  to break through the Bitcoin echo chamber and really get that
• 42:33
  message out there. Like it.
• 42:35
  You don't have to like the reason that you're forced to
• 42:38
  work two jobs. The reason that you can't afford
• 42:41
  housing is not because the Democrats are in power.
• 42:44
  It's not because the Republicans are in power.
• 42:46
  It's because the money is fundamentally broken.
• 42:49
  If you fix the base layer, if you fix the money, I truly
• 42:52
  believe you can fix the world. Anyways, Opti, what's your take?
• 42:56
  Yeah, well, shouts out to everyone in the chat having a
• 42:59
  debate over Bitcoin for his gold.
• 43:02
  Absolutely love to see it. Anyways, what's the saying?
• 43:06
  Nothing is more official than the official denial and I just
• 43:10
  love seeing the corporate press BS and you know, basically just
• 43:15
  being simply PR and and just doing cover for their corporate
• 43:20
  overlords and look. I am going to double down.
• 43:24
  Inflation isn't just a tax, it is.
• 43:26
  It is literally theft. It's outright looting.
• 43:29
  Well, rather not outright looting.
• 43:31
  It is a subtle loop and we know that taxation, or rather
• 43:36
  inflation, is a redistribution mechanism.
• 43:39
  Tax inflation is very simple guys.
• 43:41
  The more they expand the money supply, the poorer you become.
• 43:44
  Like, let's, let's. Let's simplify this so that the
• 43:49
  average person can understand what's going on.
• 43:51
  But when you understand what is going on and why they're
• 43:55
  printing all this money S that they can fund all kinds of stuff
• 43:58
  that you would not agree with. You understand why they don't
• 44:01
  outright tax use because you probably wouldn't agree with
• 44:04
  half the stuff they're doing. Well.
• 44:05
  This is a way where they don't have to even get your consent,
• 44:08
  they can just print money. You become poor.
• 44:10
  They send that money wherever they want, like this is the
• 44:13
  basics of what's going on. And of course the parasite class
• 44:16
  isn't going to outright loot from you because then that would
• 44:20
  not only expose the sham of, you know, the political class, the
• 44:24
  banking class and all that. So they have to do it in a
• 44:27
  subtle way where no one understands what's going on.
• 44:29
  Most people don't think about second order effects, they're
• 44:32
  just thinking about what's in front of them.
• 44:34
  So inflation is a very easy way for them to.
• 44:39
  Take your wealth. And so of course the corporate
• 44:42
  press is going to do whatever they can to constantly gaslight
• 44:47
  the average individual. I say it all the time.
• 44:49
  You know, the Fiat system, we weren't taught how it works for
• 44:51
  a reason, because if you understand the mechanisms of it,
• 44:54
  you would be pissed off. What's the Jefferson quote?
• 44:57
  You know, people understood the baking system.
• 44:58
  There'd be a revolution overnight.
• 45:00
  Well, this is all by design, guys.
• 45:02
  They of course don't want to teach you what's going on.
• 45:04
  They of course don't want the average person understanding how
• 45:08
  this stuff works because then they would be pissed off and
• 45:11
  they would not agree with this stuff.
• 45:13
  They would not allow people to print more money.
• 45:16
  And also connecting this with like the Matt Gate stuff, this
• 45:19
  is all connected, guys. The more money they print, the
• 45:22
  poorer you become, the higher inflation goes.
• 45:24
  And they're still going to parade it as a there's a
• 45:28
  political solution for this. Oh my God, It's literally
• 45:32
  separate the money. Like take the money away from
• 45:34
  them. Why is a small cabal A
• 45:36
  parasitic, unproductive people able to print more money and put
• 45:41
  that money where they think is the best use of it?
• 45:43
  Like it. It's really a slap in the face
• 45:45
  out here guys. And the more they tell me that
• 45:48
  inflation isn't that inflation isn't a taxation, the more I
• 45:51
  know that we are right, the more I know that it's always been
• 45:54
  about the money. It will always be about the
• 45:56
  money. And again, being the cliche man
• 45:59
  here, you know we're talking about the Roman Empire again.
• 46:02
  How did that, how did that degrade is because they were
• 46:06
  debasing their currency? Guys, this is a story as old as
• 46:08
  time, as long as the politicians can get away with debasing their
• 46:13
  currency. Out of thin air and pushing that
• 46:17
  towards things that you wouldn't agree with, the longer this
• 46:20
  charade will go on. And again, it is a charade.
• 46:23
  This is all a trust game, and as long as people go along with it,
• 46:26
  as long as people are asleep at the wheel.
• 46:28
  This will continue to happen. Well, you can call their bluff
• 46:31
  by holding on the Bitcoin, by opting out of this and then on
• 46:34
  the going back to, you know, the gold versus Bitcoin debate.
• 46:37
  Hey, look, gold's pretty I I love gold.
• 46:39
  I love yellow rocks. I I I think they're beautiful.
• 46:42
  I jokingly say that once big or once gold becomes demonetized,
• 46:48
  I'm going to be as a gaudy Latino as possible.
• 46:50
  I will have gold everywhere. I think it's beautiful, but is
• 46:54
  it? The money for the digital world?
• 46:57
  No. Like, yeah, if you wanna hold
• 46:59
  some, if you wanna hold gold and you know, maintain your
• 47:02
  purchasing power like you know, on a flat line, by all means,
• 47:06
  like you can do that. We all know that the big gold
• 47:08
  price has been suppressed via paper gold.
• 47:12
  Well. I think gold was great for the
• 47:16
  time that it, you know, the last thousands years or whatever,
• 47:19
  like it did its job up to a point.
• 47:22
  But the Fiat Maxis out there were able to route around gold
• 47:26
  and This is why we're in the position that we're in and like,
• 47:30
  Druckenmiller said. If the gold thesis is right,
• 47:34
  then so will Bitcoin. Like again we I don't want to
• 47:38
  paint this as like bitcoins versus gold debate like gold
• 47:41
  bugs are also hard money maximalist, like they understand
• 47:45
  what we understand. It's just they have outdated
• 47:48
  technology. We're in a digital world.
• 47:50
  We have better technology. We have a better money.
• 47:52
  We have a money that's designed for the digital world.
• 47:54
  I can send Bitcoin across the world basically instantly or
• 47:59
  final settlement in 10 minutes, like whether you use light.
• 48:02
  Whether you use on chain, Bitcoin was designed for the
• 48:05
  digital world, like, yeah, you can send gold across the world
• 48:09
  like on ships or something or you know, you just trust that
• 48:12
  you have your gold and you're you're transacting with paper
• 48:15
  gold. But I don't have to do that.
• 48:17
  We have a better technology and yeah, I love gold.
• 48:20
  I think gold's beautiful. I think gold is a very cool
• 48:23
  thing to wear, but I don't believe it to be the money.
• 48:27
  I'm not going to save in gold. Like I'm not.
• 48:29
  I'm not going to have gold bricks under my floorboards or
• 48:31
  whatever. Like gold's awesome, but it's
• 48:33
  just not the money designed for the technical digital world that
• 48:37
  we live in. We have a digital money for the
• 48:38
  digital world, and that's what Bitcoin is.
• 48:41
  And so if gold bugs were right, which I think they were, I mean,
• 48:44
  you can. Reference Safe Dean on Bitcoin
• 48:48
  standard or field standard and him explaining how the world was
• 48:52
  on a gold standard and how all of the most beautiful
• 48:54
  architecture and the most beautiful music and the most
• 48:57
  beautiful art was always built on a gold standard well.
• 49:01
  It's no surprise that the Fiat standard is the most atrocious
• 49:05
  century ever. There's no coincidence in this.
• 49:08
  So if we can get back to a hard money standard, first and
• 49:11
  foremost, we can check the parasites, we can check this big
• 49:14
  government and then you just have a good money that you can
• 49:18
  store. Like you don't have to speculate
• 49:20
  on Wall Street, like you don't have to become a trader.
• 49:23
  All you need to do is save hard money, save hard assets.
• 49:27
  And of course, for the average person, I think the best way for
• 49:30
  them to do that is to just. DCA into Bitcoin or lump sum
• 49:33
  into Bitcoin, whatever. But like Bitcoin is designed for
• 49:36
  the world that we live in and for the people that are like,
• 49:39
  like what if the Internet goes out, bro?
• 49:41
  Like, well, there's going to be bigger problems than that And
• 49:44
  and like we're not going to go back to the stone ages and not
• 49:47
  have the Internet. The internet's going to stay
• 49:48
  with us. Like we live in a digital
• 49:51
  Internet world. So we should have an Internet
• 49:54
  native money, which is Bitcoin. And This is why we think Bitcoin
• 49:57
  is the best thing possible. Hard money.
• 50:00
  Censorship resisted literally send it across the world
• 50:02
  instantly like it's it's money that is designed for the 21st
• 50:06
  century. And This is why I think everyone
• 50:09
  should hold some. And why I think Bitcoin is going
• 50:11
  to take over the world. I love gold.
• 50:13
  I still wear it. I'll wear it as much as
• 50:14
  possible. I want to be the like the Indian
• 50:17
  guy meme like I'm in it for the tech with like gold chains you
• 50:19
  know but but obviously my savings is Bitcoin.
• 50:23
  I think it's the best money. I think it's it's.
• 50:26
  It's just it's so easy guys. We are digital phone.
• 50:28
  Can you send gold bars through this iPhone?
• 50:31
  I don't think so. But you can do that with
• 50:33
  Bitcoin. Like everyone already does this.
• 50:36
  We are already using digital money and you think we're going
• 50:39
  to go back to a world that we don't use digital money like
• 50:42
  it's Bitcoin? Guys like you can stack gold all
• 50:44
  you want, but I stack Sats. It's Bitcoin or slavery, 100%.
• 50:50
  All right everybody. So I want to give a shout out to
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• 52:11
  Wait guys, before before I get into my little rant for the And
• 52:16
  and Dell come over here too. Shouts at the J Death says I
• 52:20
  love my gold chains. It's a Mexican thing.
• 52:22
  We just like that shit on our necks.
• 52:25
  So true. So true, OK.
• 52:28
  Anyways, that that cracked me up all right I.
• 52:32
  As a Mexican, we're saying that. Yes, yes.
• 52:34
  As a as a as exactly it as who I am.
• 52:37
  All right, Dell put the headphones on.
• 52:39
  We got a mic, I'll, I'll move over a little bit.
• 52:42
  Sorry, you're going to have to stand a little bit.
• 52:44
  But guys, yeah. So yesterday night Dell and I
• 52:50
  were having these conversations. I was having these conversations
• 52:53
  with Sophie as well. It's it's kind of the idea of
• 52:55
  like. How were you?
• 52:56
  A big spoon or a little spoon? Obviously the big spin we were
• 53:01
  having these conversations and it always boils down to like,
• 53:04
  what is the goal here at Simply Bitcoin?
• 53:06
  What are we trying to accomplish?
• 53:07
  And I say it all the time, Let's see.
• 53:10
  I say it all the time and and Sophie and I have quoted it as
• 53:16
  the idea of like make Bitcoin fun, sexy and cool.
• 53:20
  Like the whole goal here is to explain Bitcoin in such a way.
• 53:24
  That the average everyday person doesn't get their eyes glossed
• 53:27
  over and is like okay, wow, maybe I should hold some
• 53:30
  Bitcoin. Maybe even if it's a little bit
• 53:31
  I should hold some Bitcoin. Because I say all the time, look
• 53:36
  if telling people the facts and bringing the receipts actually
• 53:40
  helped and if you were logical with most people, if that
• 53:42
  actually worked and everyone would already be a Bitcoin.
• 53:44
  And I think the signal is very strong when it comes to the
• 53:47
  facts and the receipts of why Bitcoin?
• 53:49
  But it's all about telling a great story and having receipts
• 53:53
  on the side so that people understand why they should hold
• 53:56
  some Bitcoin, why they should get involved.
• 53:58
  And I think I might have put this tweet up here last week.
• 54:02
  I only no, it was in spaces. Sorry guys, it was in spaces.
• 54:05
  Ioni Appleberg did this tweet here.
• 54:08
  And I kind of agree with it. I kind of disagree with it.
• 54:10
  But I think the first point is the most important point.
• 54:14
  So he goes the decent recipe for orange Pilling.
• 54:16
  One, let them explain what political problem they like to
• 54:19
  solve 2. Explain how Fiat is the root of
• 54:21
  that problem 3. Send them some Bitcoin.
• 54:23
  Listen, don't talk. The third one, the Third Point
• 54:25
  is probably one that that might be a little tough because you
• 54:29
  know, if you give someone something for free then they
• 54:31
  don't value it so. Make them download a Bitcoin
• 54:34
  wallet and then, you know, get them involved in it.
• 54:36
  But the first point I think is the most important point.
• 54:39
  Let people explain what political problem they like to
• 54:42
  solve and then you angle it into, yeah, well, Fiat is the
• 54:46
  problem. And it kind of goes back to what
• 54:48
  I tell you guys all the time is bait the hook for the fish
• 54:51
  you're trying to catch. Try to explain Bitcoin in a way
• 54:55
  that gets people emotionally charged.
• 54:57
  And I think the point here though is what we've been
• 54:59
  talking about. Shout out the guy Swan, because
• 55:01
  I haven't heard you say this, but I totally agree.
• 55:03
  And this is exactly what I've been trying to tell you guys all
• 55:06
  the time. It's like explain to people how
• 55:09
  Bitcoin can better their lives. All people want to do is live a
• 55:12
  good life. Explain to them how Bitcoin will
• 55:14
  make their life better. And Guy Swan, I guess it's
• 55:17
  quoted here saying explain to people how Bitcoin relates to
• 55:21
  them, not what it is. And I absolutely love this
• 55:24
  message here. And anyways, last night Dell and
• 55:27
  I were having these conversation actually even this morning the
• 55:29
  idea of like what's the best way to orange pill people like what
• 55:33
  should we be doing? And it kind of boiled down to
• 55:36
  like we here at simply Bitcoin. What we want to do is we want to
• 55:40
  explain Bitcoin to everyone that is awake and furthermore
• 55:44
  everyone that is still asleep. And how do I do this?
• 55:46
  Is by telling them a compelling story and telling it in such a
• 55:50
  way that people get emotionally charged and emotionally involved
• 55:53
  in this and. It's this is all we got to do is
• 55:57
  live a good life and show people that Bitcoin is a way for them
• 56:00
  to live a better life. And so again just to wrap up
• 56:02
  this because I want to get Dell thoughts on this.
• 56:05
  I got this tweet here from Doctor Bitcoin MD and he goes,
• 56:07
  you are a note on the network. You are a note on the Bitcoin
• 56:10
  network. Seek inspiration.
• 56:11
  Build yourself up. Bet on yourself, thrive, help
• 56:14
  those around you prosper. Activate another node in the
• 56:16
  network. That's all we're doing here is
• 56:18
  living a good life, looking at the world at large.
• 56:22
  And funneling everything into a Bitcoin message, because I
• 56:27
  really do think that we have the answers here.
• 56:30
  Whether I'm right or wrong, hey, I'll go down with the ship, I'm
• 56:33
  going to take all my L's with me.
• 56:35
  But I think we're right and I think more people are waking up
• 56:38
  to the problem. That is of course the out of
• 56:40
  control money printer. And so as more people feel that
• 56:43
  pain then we will have the solution.
• 56:46
  It's the classic Field of Dreams.
• 56:47
  If you build it, they were come so.
• 56:50
  I was talking to Dell last night and I was telling him like,
• 56:52
  what's the goal here at Simply Bitcoin?
• 56:55
  And I was telling him kind of jokingly.
• 56:58
  It's like, look, I'm so tired of having these conversations with
• 57:01
  friends and family that we have made a channel so that we can
• 57:04
  talk about Bitcoin. And when they're ready to hear
• 57:07
  the Bitcoin message, well, we got something that they can
• 57:10
  devour, that they can enjoy, that will keep them entertained
• 57:13
  in what's going on. Because if people really cared
• 57:16
  about the logics and and the truth behind everything, then
• 57:19
  we. People already would have ended
• 57:21
  the Fed. People would already know the
• 57:23
  scam that is Fiat. So figure out ways to get people
• 57:26
  involved in Bitcoin. Figure out a way to explain
• 57:29
  Bitcoin in such a way that they know it will improve their
• 57:33
  lives, their their current situation.
• 57:36
  Because it's all well and good about like giving them some kind
• 57:39
  of like, pie in the sky utopian vision of what Bitcoin will do.
• 57:43
  Hey, I say all the time, we're not bullish enough.
• 57:46
  To even know what Bitcoin would do for the future.
• 57:49
  But all we know today is it will literally store your purchasing
• 57:52
  power. You're not going to get broke by
• 57:53
  2%, well, rather like what 4 or 8% every year and you can defund
• 57:59
  everything you don't like in Washington.
• 58:01
  And I just think being a bitcoiner is a noble purpose in
• 58:07
  life. We know what the problem is.
• 58:09
  Angle every conversation possible.
• 58:11
  Obviously, you know, have some tact and and.
• 58:14
  Don't be unbearable, but we know that Fiat is a problem to
• 58:17
  everything and Bitcoin will fix this.
• 58:18
  So angle it in a way where you can explain to someone that
• 58:22
  Bitcoin fixes this, but also maybe avoid using the B word
• 58:25
  because people instantly turn off when they hear Bitcoin.
• 58:28
  Anyways, Del, what's your thoughts on this?
• 58:30
  I've been ranting a little bit. I know you kind of have a little
• 58:33
  contrary intake on what I'm saying, so what's your thoughts
• 58:36
  on the rant? Hold on, Del.
• 58:37
  Del. What?
• 58:38
  How was Elaine? Said it?
• 58:41
  How was the pillow talk? Oh, it was sultry.
• 58:45
  Oh. Man, OK.
• 58:51
  Sorry. My my thought is, is it's two
• 58:55
  points. The first point is that it's
• 58:58
  something that I'm constantly talking about in my videos is to
• 59:00
  #1 educate yourself. I'm not going to sit here and
• 59:02
  tell you what you should do with a dollar, $100, any amount of
• 59:04
  money. Like, I don't know, like I'm
• 59:06
  not. I can't tell you to go and buy
• 59:07
  water, even if I like water. I like water, but I can't tell
• 59:09
  you to buy water if I don't know what your dietary situation is.
• 59:13
  What I do say is educate yourself.
• 59:14
  And that ties it directly into. I don't remember which point it
• 59:17
  was, but one of them was find out what their problem is.
• 59:21
  Well, what if they come to you with some obscure problem?
• 59:23
  What if they come to you with something that you're like, Oh
• 59:25
  my goodness, I have no idea how to relate that to Bitcoin at
• 59:27
  all. You're just like, Oh yeah, boy,
• 59:28
  I hope that's tough. I hope they figure it out.
• 59:30
  Like you need to be educated on all these topics, on how the
• 59:33
  world works. How Bitcoin relates to it, how
• 59:36
  it can fix it? And then the second point is
• 59:37
  something I saw in chat from V4BT C, He said the lions need
• 59:42
  to wake up. Everybody is a lion.
• 59:44
  I heard this in a space recently.
• 59:46
  People commonly say, oh, there's lions out there and everybody
• 59:49
  else is a sheep. Bullshit, absolute bullshit.
• 59:51
  Everybody is a lion, everybody is a wolf.
• 59:53
  And if you give them the right thing, if you come at them with
• 59:57
  the right problem, they will shed that skin immediately.
• 1:00:01
  You try and come after a mom and get in between her and her kids.
• 1:00:04
  Problem. You come after somebody and hit
• 1:00:06
  try and shut him down from his job.
• 1:00:07
  Problems. If you come after the people
• 1:00:10
  with whatever their their number one issue is or even a third or
• 1:00:13
  fourth or fifth issue, they're going to turn into an absolute
• 1:00:17
  monster. And I don't.
• 1:00:18
  I mean that in a good way. Like people think, oh all these
• 1:00:20
  people are asleep. No, no, no.
• 1:00:22
  They just need the right thing to wake up.
• 1:00:24
  If if the money gets bad enough, everyone will wake up right now.
• 1:00:28
  Things are fine up to now. We're just talking about this
• 1:00:30
  this morning that most people don't need Bitcoin because
• 1:00:33
  they're able to make the the bills, they're able to buy their
• 1:00:35
  food. Yes, things are tighter, things
• 1:00:37
  are harder, things are tougher. But it's not so bad.
• 1:00:40
  Do you have people going around knocking on doors like, hey, can
• 1:00:42
  I mow your lawn? I need 5 bucks to do anything.
• 1:00:45
  It's not to that point. We're not living in a third
• 1:00:47
  world country, so things have to get worse.
• 1:00:50
  And I don't mean this, like, I'm not wanting things to get worse,
• 1:00:52
  but things have to get bad on a personal level.
• 1:00:56
  And I don't mean that everything it works in Word.
• 1:00:58
  There's riots in the streets and things are burning down.
• 1:01:01
  I don't know what it is personally.
• 1:01:02
  For me, it was my wife and I wanted to start a family, and it
• 1:01:05
  didn't seem like that was possible on a Fiat standard.
• 1:01:08
  And that's all we knew. And then here comes along
• 1:01:09
  Bitcoin and like, oh, OK then maybe this is actually an
• 1:01:14
  option. Something I told Nico Opti just
• 1:01:17
  the other day was that I don't know if Bitcoin is the solution
• 1:01:21
  to the world. I honestly don't.
• 1:01:23
  I truly don't. But one thing I do know for
• 1:01:25
  certain is the current money that we have is unquestionably
• 1:01:29
  broken. There is not an iota of a doubt
• 1:01:31
  in my mind that the money that we have is broken and Bitcoin is
• 1:01:34
  the only thing that I can see that is a solution to that.
• 1:01:37
  Is it going to fix it? Will it come around and solve
• 1:01:39
  everything? I don't know.
• 1:01:41
  Time will tell, but it is the only thing that I see as being
• 1:01:43
  that possible solution. I don't see anything else.
• 1:01:46
  And so far it's had a pretty good so far it's had a pretty
• 1:01:50
  good track record of being a solution.
• 1:01:56
  And I also want a I want to comment too, cuz you said
• 1:01:59
  everyone is a lion. Look, I know Opti for example,
• 1:02:03
  he's a giraffe. Like Opti is definitely a
• 1:02:05
  giraffe. Like he sheds that that skin and
• 1:02:10
  like a giraffe, you know, but like, but you think like
• 1:02:13
  giraffes. You can't push over giraffes if
• 1:02:15
  you've seen the National Geographic like those giraffes
• 1:02:18
  hit the shit out of each other. Look, I look soft, but you know,
• 1:02:22
  I'm really, you know, I act really nice and jovial.
• 1:02:25
  But hey, that neck though, that I can break things with it.
• 1:02:32
  Like, no, they they they really, they really fuck themselves up
• 1:02:35
  with the, you know, with the neck fighting.
• 1:02:37
  I'm I'm not even kidding anyways.
• 1:02:40
  No, wait, wait. Before we go, then Nico Dell
• 1:02:42
  brought it up and I am reminded of that tweet of Tom Luongo
• 1:02:48
  about people being comfortable wolves.
• 1:02:51
  And this is where we are right now.
• 1:02:53
  Like I really do believe. That people would need to feel
• 1:02:56
  the pain people have. Yeah, look at that.
• 1:02:59
  Look at. Look at after you over there
• 1:03:00
  doc. Oh.
• 1:03:02
  OK, all right. Like people will have to feel
• 1:03:04
  the pain. And I really do believe that if
• 1:03:06
  people understood what is going on in the world that they would
• 1:03:10
  wake up, that they would be absolutely pissed off.
• 1:03:13
  And maybe the the sham is just it's still so good and and we're
• 1:03:18
  seeing you know politicians expose it.
• 1:03:21
  We're seeing celebrities expose it and I don't know I I I saw XX
• 1:03:27
  say it like the classic meme you can you can only bring a horse
• 1:03:32
  to water and you can't make it make it drink it And I'm I'm
• 1:03:35
  starting to kind of maybe come to the idea that like we can't
• 1:03:38
  orange pill anyone. You just kind of have to incept
• 1:03:40
  these ideas. And then people will wake
• 1:03:44
  themselves up. So it's really about people
• 1:03:46
  feeling the pain, people starting to notice these
• 1:03:48
  patterns and realize that they are getting lied to, that the
• 1:03:52
  system is corrupt, that the system is, you know, being
• 1:03:55
  generous, broken or rather designed this way to steal from
• 1:03:58
  the average person. And it's only going to take time
• 1:04:01
  and it it's, you know, it's going to have to get worse
• 1:04:03
  before people wake up to the sham that is Fiat money.
• 1:04:06
  But I think we are getting to that point the what's Nico we
• 1:04:09
  say. Can't hide the sticker shock of
• 1:04:12
  purchasing power. And hey, I don't know if you've
• 1:04:15
  noticed, but we're all getting poorer guys, so you might need
• 1:04:19
  to get some Bitcoin just in case, 100%.
• 1:04:22
  Dude, those fucking giraffes, bro.
• 1:04:24
  They fuck shit. Do you see that slow motion that
• 1:04:26
  they're like? Dude opting with that net No oh.
• 1:04:31
  Man, yeah. No, you can't.
• 1:04:32
  You can't. And This is why they have to
• 1:04:34
  rely on propaganda so, so hard. Like that's why the BBC comes
• 1:04:37
  out with articles. That's why the.
• 1:04:39
  You know the IMF is releasing these videos because they're
• 1:04:42
  trying to cast light you, but that only works if people are
• 1:04:46
  uninformed, if people are informed with the truth, which
• 1:04:49
  is why they're going after independent media as hard as
• 1:04:52
  they are. All of a sudden that shit
• 1:04:55
  doesn't work anymore. All of a sudden, you know that
• 1:04:57
  that that propaganda, that basically saying, yeah,
• 1:04:59
  inflation is, you know, it's it's just, it's it's an it's
• 1:05:02
  natural law. It's just it's always been here.
• 1:05:04
  It's just how money works. Like that shit does not work
• 1:05:07
  anymore. And that's why they're so
• 1:05:08
  terrified of Bitcoin. That's why they're so terrified
• 1:05:10
  of the Internet and what the Internet has enabled, which is
• 1:05:13
  like the free communication of people.
• 1:05:16
  The rise of social media and they hate this.
• 1:05:18
  You know it's a it's a threat to the status quo.
• 1:05:20
  It's a threat to the establishment.
• 1:05:22
  I think Matt Gaetz touched upon it earlier.
• 1:05:25
  But Matt, for very unlikely event that you watch this look
• 1:05:30
  into Bitcoin cuz it fixes this. It truly does anyways.
• 1:05:33
  All right, everybody, let's review some memes.
• 1:05:41
  The Daily Meme Review. All right guys, you already know
• 1:05:49
  the deal. As you can tell from today's
• 1:05:52
  show, we are in an information war, and it's upon every single
• 1:05:56
  one of us to not only stack sets, not only keep ourselves
• 1:06:00
  educated, but wake up your friends and family out there.
• 1:06:03
  You know, Do it tactfully. Don't be unbearable.
• 1:06:05
  Because hey. Most people probably aren't
• 1:06:09
  going to listen to you, but you want to spread the message
• 1:06:11
  anyways. We are in an information war.
• 1:06:13
  You guys are the frontline soldiers and tweets of the
• 1:06:17
  bullets means of the artillery. So continue to beat the drum.
• 1:06:21
  If you build it, they will come. As number goes up, people will
• 1:06:24
  start to ask you because they'll remember that you're the
• 1:06:26
  unbearable bitcoiner and you brought in Bitcoin into every
• 1:06:29
  single conversation. And they'll come to you and be
• 1:06:31
  like, hey, Bitcoin is going up. Like I was telling Dell about my
• 1:06:34
  Bitcoin story of how I found Bitcoin.
• 1:06:36
  It was because Bitcoin hit 10K. So right now, obviously people
• 1:06:40
  aren't really looking for solutions, they just want to
• 1:06:43
  complain. Well, one day they will have to
• 1:06:44
  look for solutions and when that day comes.
• 1:06:48
  You will be here, we will be here at Simply Bitcoin waiting
• 1:06:50
  for them. Anyways, this 1st meme shouts
• 1:06:53
  out to my boy at Reaper Cash, a KA at under score Reaper under
• 1:06:56
  score cash on Twitter. And he's just got this picture
• 1:07:00
  of like, I don't know, modern, modern day, war warrior, Modern
• 1:07:05
  Warfare guy here with like, you know, the night goggles fully
• 1:07:09
  decked out. And I did this one, not
• 1:07:11
  necessarily for the picture. It's for the quote here.
• 1:07:14
  I'm pretty sure it's Ben Franklin and he says rebellion
• 1:07:16
  to tyrant is obedience to God. I absolutely love it.
• 1:07:19
  We are in the position right now.
• 1:07:21
  Pretty sure that's a giraffe of the.
• 1:07:23
  Yeah, maybe All the politicians, all the unproductive class, the
• 1:07:27
  parasitic class, are looters. Do not obey them.
• 1:07:32
  I'm rebel like opt out in the Bitcoin peaceful.
• 1:07:35
  Revolution Rebel peacefully rebels.
• 1:07:37
  Exactly. This is the beauty.
• 1:07:38
  This is the beauty of Bitcoin, is that like, instead of like,
• 1:07:41
  what Matt Gaetz is doing where he's like live fundraising on
• 1:07:44
  the floor, like voting more people.
• 1:07:47
  Like, it's like, no, no, no, no. Just opt out.
• 1:07:49
  Just just like, just like, dude, I don't like, you can have that.
• 1:07:52
  That's cool. Like, I'm going to use my own
• 1:07:54
  money. I'm going to choose to use my
• 1:07:55
  own money. Well, it goes nicer.
• 1:07:57
  I just say go fuck yourself, I'm on Bitcoin.
• 1:08:00
  This is what it is. Anyways this next meme is by
• 1:08:03
  Kanato Takumi and it goes hashtag.
• 1:08:06
  Halloween is coming soon and make sure you have the perfect
• 1:08:08
  costume ready. And BTC Pins goes Optimist
• 1:08:11
  fields is all over this and we got a clown mask here and it is
• 1:08:16
  titled Christine Lagarde. The complete inflation set 10%
• 1:08:19
  guaranteed with the euro. Raj on top of it.
• 1:08:24
  Christine Lagarde, absolute clown.
• 1:08:26
  I'm assuming you guys aren't talking.
• 1:08:28
  She's mad at me because we're winning so hard.
• 1:08:31
  Okay. This next one is by Greg Zaj.
• 1:08:34
  One, and this is Homer, and he goes how hard I pronounce the F
• 1:08:39
  and fuck. Know when someone asked me if I
• 1:08:41
  want to get in on the ground floor on a new shit coin?
• 1:08:44
  You see Homer like oof. Felt that one.
• 1:08:48
  Felt that one. All right, the next one is my
• 1:08:50
  Maxi Club and it goes 539 BlackRock.
• 1:08:52
  And it's like another play on a Simpsons meme.
• 1:08:55
  This is Bart. Well, it's a Pepe Bart and he's
• 1:08:58
  riding on the chalkboard. I won't sell my Bitcoin to
• 1:09:01
  BlackRock. I won't sell my big Bitcoin to
• 1:09:03
  BlackRock. I won't sell my Bitcoin to
• 1:09:04
  BlackRock. Guys, huddle that coin.
• 1:09:08
  Do not sell it to BlackRock. This is the way, guys.
• 1:09:12
  Okay. This next one is by Being
• 1:09:14
  Libertarian on Twitter. And again, this is not left to
• 1:09:18
  right, but Ron Paul was right. And I'm so glad we actually
• 1:09:22
  played the Matt Gates video. I had a feeling we were going to
• 1:09:25
  play that. And look, Ron Paul said this in
• 1:09:28
  2012, guys. What we're 10 years, 11 years
• 1:09:32
  since this point. And now more politicians are
• 1:09:35
  saying the same thing. Wow, it's almost like the
• 1:09:38
  Bitcoin signal. It's almost like the Austrian
• 1:09:40
  economics libertarian signal is spreading.
• 1:09:42
  Guys. Maybe it's not happening as fast
• 1:09:44
  as we want it to, but it is spreading anyways.
• 1:09:46
  The quote here is. The Republicans and Democrats,
• 1:09:50
  they pretend they're fighting up there, but they really aren't.
• 1:09:52
  They're arguing over power and spin and who looks good and who
• 1:09:55
  looks bad. But they're all trying to
• 1:09:57
  preserve this system where they can spend what they want and
• 1:10:00
  take care of their friends and let the Fed print the money when
• 1:10:04
  they need it. Wow, Ron Paul.
• 1:10:07
  So ahead of his time anyways. Ahead of his time.
• 1:10:10
  Next meme is by the BTC Therapist and it goes hashtag.
• 1:10:13
  Bitcoin is your lifeboat and we got the Titanic here.
• 1:10:16
  Sink. And it goes Fed. the US dollar
• 1:10:18
  is too big to fail. The dollar the Titanic sinking.
• 1:10:21
  It's happening in real time. It's slowly but surely sinking.
• 1:10:27
  The inflation is getting out of control.
• 1:10:29
  The interest rates are getting out of control.
• 1:10:30
  The national debt is getting out of control.
• 1:10:32
  And this is the best shit coin in Fiat paperland guys.
• 1:10:36
  It all heads towards the inevitable end of hyper
• 1:10:39
  inflation. This last one shouts out the 21
• 1:10:42
  JCLP and he goes Bitcoin is the king.
• 1:10:45
  And here we got some king here. AI king with Bitcoin on its
• 1:10:50
  chain. Hey dude, shots at the J Dub.
• 1:10:52
  He understands. You know the only good use for
• 1:10:54
  gold is making a Bitcoin chain that almost looks like Andrew
• 1:10:57
  Tate if you got his shit together.
• 1:11:02
  OK, all right, guys, drop your meme and be score in the chat
• 1:11:05
  over there on the other side of Nico and we will cover hours
• 1:11:09
  live. All right, my score is I just
• 1:11:12
  got this new leather wallet. Full grain Brandy colored, still
• 1:11:18
  smells like good leather. I'm I'm, I'm really excited
• 1:11:22
  about this wallet. I love it.
• 1:11:23
  My other one fell apart. Anyways, Dell, what's your
• 1:11:25
  score? I'm.
• 1:11:26
  I'm upset. California apparently passed
• 1:11:28
  this nonsense. See that?
• 1:11:31
  That means I don't get my free little shampoos.
• 1:11:33
  That means I don't get my little conditioners or my little
• 1:11:35
  lotions. It's all in a big old pump jar
• 1:11:38
  in the hotel room. This is for your, for your
• 1:11:41
  safety, citizen, much of nonsense, that's.
• 1:11:44
  I like the little hotels. I love the little hotel things.
• 1:11:47
  I walk by the main cart and grab myself a handful.
• 1:11:50
  I literally like the grape at the grocery store.
• 1:11:52
  I just are neither. Yeah, I feel that well.
• 1:11:56
  What's the difference between that and the pump jar?
• 1:11:58
  I don't get to take the pump jar home, Nico.
• 1:12:01
  That's true. That's a thing.
• 1:12:04
  Yeah, absolutely. This is poor people talking
• 1:12:09
  about. That's a thing.
• 1:12:10
  Oh my God, you took my score. Okay.
• 1:12:13
  No, the no, no. No, no, no.
• 1:12:14
  Take it, take it, take it, take it.
• 1:12:15
  I'm gonna stand in solidarity with Opti Okay cuz I know how
• 1:12:20
  much he loves coffee and I'm gonna give it an empty coffee
• 1:12:25
  cup. That I just built.
• 1:12:27
  Yeah, yeah, That's my score. Did you drink coffee?
• 1:12:32
  No, I did not. I'm gonna give it my makeup.
• 1:12:37
  Headband that I put on every night and Nico absolutely loves.
• 1:12:40
  I'm gonna put it on cuz he says I look adorable with it.
• 1:12:44
  What is it? Makeup.
• 1:12:45
  Headband. Yeah, look it so.
• 1:12:50
  I get your hair. All of your hair and this is how
• 1:12:54
  you do skin care. Wouldn't know, wouldn't know.
• 1:12:58
  Wouldn't know. It's really nice.
• 1:13:00
  It's very comfortable and it covers my ears.
• 1:13:03
  I like it. OK, all right, well guys, make
• 1:13:07
  sure to to make sure to get the the Simply Bitcoin Merch scan
• 1:13:13
  the KR code on your screen. It will take you directly to the
• 1:13:15
  Simply Bitcoin website where you can get yourself a Simply
• 1:13:17
  Bitcoin shirt or a simply Bitcoin hoodie.
• 1:13:19
  The one that I'm wearing Help support the show that really,
• 1:13:22
  really it really does help us. So we do appreciate everyone who
• 1:13:25
  is who's purchasing our merch. Anyways, guys, let's get to some
• 1:13:30
  of the meme scores. Let's do it.
• 1:13:33
  Put your score in the check. Sicko 05.
• 1:13:39
  His score? Opti's thick.
• 1:13:41
  Neck thick a F uh. Phillip Phillip Russo I give the
• 1:13:50
  memes Opti looking like Mr. T when he demonetizes gold.
• 1:13:54
  Uh, your audio's your audio's acting up.
• 1:13:58
  Yeah. Just mute me.
• 1:14:05
  Alright, what about now? I don't know what you did.
• 1:14:07
  I I I can barely hear you. But Elaine Score simply at
• 1:14:12
  Pacific Bitcoin Festival shows the world the beauty of Bitcoin
• 1:14:16
  and of LA. Yeah, you're back.
• 1:14:18
  You're back. Alright, cool.
• 1:14:19
  Yeah. There.
• 1:14:20
  We. Go our next one by Christine
• 1:14:22
  Lagarde praying mantis version Don't trust verify.
• 1:14:25
  Show the two beds, Opti. Oh man, they're dirt.
• 1:14:28
  They're not made so for forgive us.
• 1:14:30
  Oh, oh, oh, oh, oh. There's two, There's two.
• 1:14:34
  There's one made and there's one not made.
• 1:14:37
  So no, they're both not made. They're both not made.
• 1:14:39
  Yeah, but you did that just to like, you know?
• 1:14:42
  For the culture. Rustin, says a Biden A Biden
• 1:14:49
  skin tag. I don't know what that means.
• 1:14:54
  I do. What is the skin tag like?
• 1:14:56
  A little. Thing that grows out of your.
• 1:14:59
  Skin. No.
• 1:14:59
  He's talking about masks, though.
• 1:15:00
  He's talking about the masks to take.
• 1:15:02
  Fake mask. Oh, the fake God damn it rusted.
• 1:15:05
  Aliens. Aliens, I thought.
• 1:15:10
  It was that thing that old people get.
• 1:15:12
  I think. I think that is the other thing
• 1:15:14
  that old people get anyways. J Dub Laker, 21 mil, one optimal
• 1:15:18
  necking autocoin. I give the memes 1.4 trillion
• 1:15:24
  added to the deficit since the debt ceiling crisis, but
• 1:15:26
  Bitcoin? Okay.
• 1:15:32
  This music, though, is using hotel shampoo for a month to
• 1:15:36
  stack more sats. Okay.
• 1:15:38
  Exactly. Exactly.
• 1:15:39
  He gets it. He gets it all right.
• 1:15:42
  Are we? Wow, dude.
• 1:15:49
  Do we play out the music? It literally, it's perfect.
• 1:15:52
  It gets intense and then it gets like.
• 1:15:57
  Wow. Anyways, guys, thank you so much
• 1:15:58
  for tuning into another episode of Simply Bitcoin Live.
• 1:16:01
  Forgive us for not being in our usual studios.
• 1:16:03
  We are in Los Angeles, CA, traveling for Pacific Bitcoin.
• 1:16:07
  I'm Nico, This is Internet Sophie.
• 1:16:09
  She's gonna be tuning in. That's Opti.
• 1:16:11
  That's Dell. Check out Dell's Simply
• 1:16:14
  Originals. He's dropping some hot fire.
• 1:16:16
  Him and Rustin. They're so good.
• 1:16:18
  We are simply Bitcoin live. We almost have the whole crew
• 1:16:21
  here, which is nice. The rustons in the chat, so the
• 1:16:24
  whole. Crew is here.
• 1:16:25
  The whole crew is here. We are simply Bitcoin.
• 1:16:27
  Thank you so much for tuning in. If you enjoyed the show, smash
• 1:16:29
  that like but in, consider subscribing if you feel like we
• 1:16:31
  provided you value. But the number one thing you
• 1:16:32
  could do to push the peaceful Bitcoin revolution is share
• 1:16:35
  Bitcoin content. Help us break the Bitcoin echo
• 1:16:38
  chamber. So like people like Matt Gaetz
• 1:16:39
  who are in positions of influence and power realize,
• 1:16:42
  holy cow, we have a working solution to this that people can
• 1:16:46
  adopt. Tomorrow and will actually make
• 1:16:49
  a freaking difference. Anyways guys, I hope to see some
• 1:16:52
  of you guys in the flesh at the Pacific Bitcoin Festival.
• 1:16:55
  You can use promo code simply if you want to get your tickets
• 1:16:58
  last minute. I think it'll give you 21% off
• 1:17:01
  and hope to see you guys there tomorrow.
• 1:17:03
  Peace out, everybody.