Latest / Simply Bitcoin / Bitcoin in Danger, Privacy Tools Sanctioned | EP 548

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Bitcoin in Danger, Privacy Tools Sanctioned | EP 548 · Simply Bitcoin

0:23
Yeah, welcome to Simply Bitcoin live your number one source.
0:27
For the Bitcoin Revolution, we cover the Bitcoin, use the
0:31
culture, the memes, the fails by the government's Central Bankers
0:35
all of it. Today we have a very special
0:37
show, very, very troubling development.
0:42
U.s. sanctioned the US Treasury specifically, the office of
0:46
foreign assets control, sanctioned open source software,
0:51
it's never happened before. More than what they've done
0:54
before in the past is sanctioned specific, addresses specific
0:57
individuals but they've never sanctioned tools, right?
1:01
So this is the first time, very scary stuff.
1:03
We're going to talk about the implications of that long-term
1:07
if and how it affects Bitcoin. But before we get to that, I
1:11
want to say hello to my co-host. How you doing Opti?
1:15
What's up, Nico? How you doing today?
1:18
Very excited that you guys can see me.
1:20
In 1080P, I got my Camera working.
1:23
We are looking good. I didn't really do my hair as
1:26
you can tell. I tried to, but hey, it is what
1:29
it is, Mom, Anika, we're making it worse, but we are good to go.
1:33
Let's get into the show. Hell yeah.
1:35
Hell, yeah. All right guys, let's get into
1:37
the show. I think you guys will like it.
1:39
Anyways, Opti, it's time for. I'm for the town brought to you
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2:14
All right, all right, all right, Abdi, I know is a little bit
2:16
upset because I haven't need the corrections yet on it.
2:20
I'm gonna get to it. Anyways, at the time of this
2:24
recording, Bitcoin prices at 23,000 $70 hats per dollar, 4335
2:31
block height, seven hundred forty, eight thousand seven
2:33
hundred and fourteen reachable Bitcoin nodes 13,000 162
2:39
percentage issued ninety one point zero three percent it's
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Crawling up slowly blocks to The Happening, 90 1286 having
2:49
estimate April, 20 at 20, 24, total, lightning network
2:53
capacity, 1349 Bitcoin and and Fiat.
2:57
Caca value that is 31 million dollars.
2:59
Hopefully that continues to go up hash rate, 208, EXA hashes,
3:05
annual mining Revenue. Fourteen point two billion
3:09
dollars. That is a lot of incentive for
3:11
miners to mine Bitcoins. And the process they make
3:15
Bitcoin harder to computationally as hack.
3:17
Anyways, today, I want to talk about Free Speech.
3:20
Why don't you talk about Free Speech?
3:22
Free speech is the front line. It's the front line of defense
3:26
against Bitcoin. I'll put it to you this way.
3:29
If governments, don't allow you to say certain things, what
3:34
makes you think they're going to allow you to transact with
3:37
whoever you want? I think that's one of the
3:40
fundamental issues and what we've seen over the last two
3:43
years. Ears is.
3:45
The accredited class, the credentialed class, the
3:48
so-called experts to your, so-called betters been
3:51
absolutely taken to school by the decentralized hive mind,
3:55
that is the internet and of course, like all bureaucrats
3:59
instead of saying, okay this is a technological innovation, that
4:03
is helping everybody Millions, upon millions of people, talking
4:07
amongst each other. What they're doing, is they're
4:09
doubling down and they're saying, you could only trust the
4:13
credentialed class. You could only Lead, trust us
4:16
experts with information and the developments is definitely
4:21
frightening. We saw earlier on this year.
4:24
Thank God for the first amendment in the United States.
4:27
This got overturned, but the B Administration tried to
4:30
establish the ministry of Truth. The disinformation government's
4:34
board already. Looks like a partisan
4:36
instrument. This is an article by The Wall
4:38
Street Journal. This is in Europe, right?
4:41
This is 2022. Strengthening strengthened code
4:44
of practice. Octus on disinformation to read
4:46
the announcements as such commitments include D,
4:49
monetizing the disc. The dissemination of
4:53
guaranteeing transparency of political advertising and
4:56
enhancing cooperation with fact-checkers guys, think about
5:00
the last two years? How many times have the fact
5:02
Checkers been wrong? How many times have they D
5:05
platform people? Because they are going against
5:08
the official narrative, the official party line, right?
5:11
Anyways, moving on is an article.
5:14
By protocol and it describes what the code is this?
5:18
The European commission's? Long-awaited code of practice,
5:20
says the code which was developed by 34 signatories
5:23
including meta, Google Tick-Tock and Microsoft is essentially a
5:27
list of disinformation fighting practices.
5:29
Tech companies can employ if they want to demonstrate their
5:32
at least trying to mitigate risk and stay in compliance with the
5:36
digital Service Act in Europe again so you can only trust.
5:39
You can't trust with your eyes. See you can't trust with your
5:42
own comments and sees we This government bureaucracy, want to
5:47
tell you what we believed was, right?
5:49
And what believe is wrong and how many times has that been
5:52
abused over the last couple of years and anybody that goes
5:55
against the official narrative has been D, platformed
5:59
ostracized villainized, this is where they want to take this.
6:04
They want to take it to the point that you could only get
6:07
your information from official sources, from fact Checkers.
6:10
But those are the same official sources that told you there was
6:13
no inflation. Um, there was some inflation.
6:16
Inflation was temporary inflation, was caused by Putin.
6:20
These are the same people. These are the same people that
6:22
redefining What a recession is, these are the same people that
6:27
want you to trust them. And let's talk about what
6:31
happened, right? A couple days ago.
6:34
This is a video from from the word that I can't say on YouTube
6:38
1984 and this is the prosecutor against Alex Jones.
6:45
Now here's the thing about Alex Jones, he's a very divisive
6:47
person. I don't agree with 50% of what
6:51
Alex Jones says. However, I might not agree.
6:55
What you have to say but I will die Defending Your Right to say
6:59
it. That's the these are the
7:00
principles of Bitcoin. You might not agree with someone
7:04
else and how they're transacting, but right, they're
7:09
going to transact. It's the money of enemies.
7:10
So, like I said, the fight for free speech is the fight for
7:14
Bitcoin and here is a prosecutor.
7:18
I'm not even going to, let's see what he has to say.
7:20
Let's see what his solution is for Alex Jones.
7:23
Let's see what he Wants to do for Alex Jones, mind you Alex
7:26
Jones, whether you agree with them or not has a huge audience
7:29
of people that want to see him. But again, here you have someone
7:32
trying to take his ability to speak.
7:35
You might not agree with him. Might not agree with his
7:38
politics. I surely don't.
7:39
But hey anyway, so check out this video.
7:45
Ask that with your verdict. You not only take Alex Jones
7:50
platform that he talks about away.
7:54
I ask that you make certain, you can't rebuild the platform.
7:59
That's what matters. Take him out of this discourse
8:05
of this misinformation of this peddling of lies and make sure
8:10
he can't do it again. That is punishment, that is
8:16
deterrence. Misinformation spread six times
8:24
faster than the truth. That's what we heard on that
8:29
stand and I believe Alex Jones found a way to monetize that
8:37
boy. Did he find a way to monetize it
8:40
and in monetizing that he made a wealth, a huge So anyways,
8:51
absolutely dystopian stuff. Let's talk about the First
8:54
Amendment right and the United States, specifically the
8:57
founding fathers found out early on that Free Speech was vital
9:02
for a functioning government of for a functioning form of
9:05
democracy because what tends to happen is the person that gets
9:08
to decide. What is fact, what is
9:11
misinformation usually becomes tyrannical.
9:14
And you can be people that are also the official party Horses
9:19
there. Reputation and their performance
9:24
on what is true, what is not over.
9:26
The last two years, has been absolutely taken to school like
9:30
they they have no, they have nothing behind to hide behind
9:35
but they still want to force you, the individual to trust
9:40
them at their word. And how many times have they
9:43
broken that trust over and over again?
9:45
And it's a very scary time that right now, we're in a moment in
9:48
history where there's a Cuter that fine.
9:52
He's representing people that are suing Alex Jones because he
9:55
said this, because he said that it doesn't matter what he said.
9:59
Let people decide what is true or not.
10:02
Let people decide to come to their own conclusions.
10:06
No one, even your worst enemy should be de platformed.
10:10
No one everyone should have the right to what they think is,
10:15
right? And let the free market of
10:17
ideas. Decide.
10:18
What idea is good and What ideas bad because I'll tell you this,
10:23
there's no group of Elites or bureaucracy.
10:26
That could do a better job disseminating information than
10:30
Millions upon Millions upon millions of people coming to
10:33
their own conclusions. Again, this is example of
10:37
central planning doing with Central planning always does
10:40
coming up short and failing. Anyways Opti, what are your
10:42
thoughts man? This is that that the persecutor
10:49
against. Jones like like what the fuck?
10:53
They just blainley talking about the platforming him like he's
10:56
spreading lies. It's like it's absolutely
10:59
amazing that they can say this with straight face, like, what
11:03
is going on. It feels I say this all the
11:06
time. It feels like we are in Peak
11:08
clown world and then every, every other day we get like, it
11:11
just keeps climbing even higher and it just gets more dystopian
11:14
and more authoritarian. And these people are
11:17
psychopaths. I know, I say that all the time
11:19
and Nika thinks that I'm crazy. Crazy when I say that but I
11:22
think it's very obvious that these people could care less
11:25
about you. They want to, they want to
11:27
Corral you, they want to make sure that you can't understand
11:30
truth. That you don't even speak truth
11:32
that you're so afraid of the consequences that you are not
11:35
going to propagate the truth. And it's absolutely disgusting.
11:38
Like this is why we Bitcoin. This is why we have the meme
11:42
that Bitcoin is fuck you money because they can't stop you and
11:46
D platform you when you build your platform.
11:50
Like this is Absolutely crazy. Say what you want about?
11:52
Alex Jones? But yo, he's been right a lot
11:56
before the Legacy Media and it's like, hey, I know, he says some
12:01
crazy stuff and he's got some crazy sound bites, but dude,
12:04
he's been on it for a long time and you can, you can tell that
12:09
they're afraid of spreading this message.
12:11
When they are coming this hard, at someone like Alex Jones, we
12:14
tell you all the time, Legacy Media is failing and they are
12:18
trying to find any way possible to Stop alternative news
12:21
sources, but you guys are on YouTube watching.
12:24
Simply Bitcoin, you guys are on Twitter, learning the truth, you
12:27
guys are spreading the truth, amongst friends and individuals
12:30
and they can't stop the truth. They will try and push even
12:34
harder but the truth is like a ball under water.
12:39
It will pop up eventually and we're seeing this happen like
12:42
holy fuck. It's just it's mind-blowing that
12:45
we've gotten to this point in society.
12:47
And I just feel that, you know, the pendulum swinging back the
12:50
Away and it's going to swing very violently and man, I'm just
12:56
glad I'm on this side of the truth.
12:58
That's, that's all I'll say. Anyways, nigga go on.
13:00
Ya do I dude. It's absolutely true, man.
13:03
The pendulum in the 1950s, right?
13:06
We were living through the McCarthy era in the United
13:08
States and it was specifically the right censoring, the left.
13:11
And now what we're living through this moment in history,
13:14
it's really the political left, trying to censor the political,
13:16
right? But what the case that we're
13:18
trying to make you as bitcoiners?
13:20
Is no one should have the right to censor any other person.
13:24
Like let the free market of ideas, the free flow of ideas,
13:28
get to decide what information, what what what what information
13:33
is more valuable than the other. Let the free market decide and
13:37
disseminate that by itself. We don't need a group of
13:41
so-called bureaucratic Elites getting to decide that for us,
13:44
right? And the reason I wanted to bring
13:46
up that Alex Jones for an example, as you see the
13:49
prosecutor, right? They're literally saying we have
13:52
2D platformer this man that is the equivalent of burning books
13:56
in the 21st century. That is the exact same thing,
13:59
and nothing good leads down that road.
14:02
It doesn't matter how evil is the person that you think your D
14:06
platforming. It's a very very, very slippery.
14:09
Slope and again you can't before that and before Bitcoin because
14:14
Bitcoin works very similar to the First Amendment, right.
14:18
Anybody could use it, right? It's anti-censorship resistant,
14:21
it is called the money of enemies.
14:23
If you're in Iran that sanctioned by the US government,
14:26
you could use Bitcoin if you're in the US and your sanctioned by
14:29
RN, you could use Bitcoin, right?
14:32
So again, the fight for free speech is the fight for Bitcoin,
14:36
right? For free speech, is the front
14:38
line of the battle of Bitcoin. So we must call it out.
14:42
We must defend it. We must do what we can.
14:44
Anyways, Let's move on to the news.
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today. All right, all right, all right,
15:19
all right. So talking about speed Free
15:22
Speech, let's check this out very, very troubling
15:25
development. This is Roman seminoff and he
15:30
was building tornado, cash tornadoes.
15:32
Cash is an open source privacy tool.
15:36
And this is what he tweeted. He says my GitHub account was
15:38
just suspended is writing an open source code illegal now,
15:43
very scary stuff. Let's let's look into more
15:45
information. This is an article by coin desk.
15:48
The headline says do mixing service tornado, cash
15:51
blacklisted by US Treasury. The treasury Department has
15:55
banned all Americans from using decentralized Bitcoin shit coin
15:59
mixing urge just a shit coin service.
16:01
By the way, the centralized crypto mixing service, tornado
16:04
cash, the office asset control that name sounds very familiar,
16:09
let me give you guys a an example, right?
16:13
This is Marathon Marathon Minds. First ofac compliant Bitcoin
16:17
block. Remember that guys?
16:19
The US government through the office of foreign assets
16:21
control. Put pressure on marathon and
16:24
Mara pool to start censoring Bitcoin transactions and in the
16:28
process what they're trying to do eventually is they're trying
16:31
to make Bitcoin and extension of the current exclusionary
16:36
tyrannical system. We have today A system that says
16:40
that 50% of the world is on bankable because of the place
16:44
they happen to be born it, right?
16:47
This is the same system that Created so much red tape that
16:51
people don't even feel like opening bank accounts for and if
16:54
you compare that with Bitcoin Bitcoin only requires you to
16:57
download a Bitcoin wallet. So anyways, this was back, then
17:01
Marathon a North American base, mining company has mind the
17:04
first office of foreign assets control compliant, Bitcoin
17:07
block. Yesterday, basically saying we
17:10
mined a Bitcoin block that was approved by the US government.
17:15
The US government has such a great record of right of Human
17:18
Rights. And Invading Afghanistan,
17:20
invading Iraq, invading, Vietnam, killing a ton of
17:23
people. Yes, let's give these
17:25
bureaucrats even more power. Anyways, moving on, tornado cash
17:31
has been a key tool for the Lazarus group, a North Korean
17:34
hacking group, tied to the 625 million, March pack of Acts
17:39
Infinities Ronan Network, according to the treasury
17:41
Department. Now that's the excuse, right?
17:44
That's the excuse, you need a boogeyman.
17:46
If you don't have a boogeyman then you can't start censoring.
17:49
Transactions obviously, right? So remember what I told you guys
17:53
about Bitcoin being the money of enemies, right?
17:57
Anyone that's the beauty of Bitcoin.
18:00
Anyone could use Bitcoin now, am I advocating for North Korea?
18:03
No, not necessarily. It's a very totalitarian country
18:07
but what I'm trying to say very similar to free speech, is that
18:11
you either pick a group of people to get to decide who is
18:15
entitled to use money or not, or everyone's allowed to use.
18:19
Very similar with free speech, right?
18:21
It's why the First Amendment takes it, doesn't it takes away
18:24
the right, the sorry takes away the government's ability to
18:28
pursue police. What is free speech?
18:31
And what is not free speech? Because the founding fathers in
18:34
the United States, specifically news how that was going to be
18:37
abused. And I think they were right.
18:38
Look, 250 years later. And you have, you know, by
18:42
demonstration, trying to create thought Butler speech police.
18:46
So anyways. Move it on.
18:48
This is the response by coin Center US.
18:52
Treasury sanction of privacy. Tools placing sweeping
18:55
restrictions on all Americans and you might be thinking like
18:58
whole what does hold on a second.
18:59
That's a shit coin service guys. You're missing what the
19:02
implications of this are and this article does a very good
19:06
job at talking about, that coordinate, tornado, cash the
19:09
website and Associated etherium, addresses have been added to the
19:13
ofac office of foreign assets control, same office that
19:17
pressured. Pool to censor Bitcoin
19:19
transactions. The list of specially designated
19:22
Nationals with whom Americans and American businesses are not
19:25
allowed to transact. What does this mean in practice?
19:28
It means no American could spend a receive money to or from those
19:31
addresses without violating sanction laws, what is the ofe
19:35
sdn list typically meant to do in general?
19:37
It is a tool to identify persons involved in terrorism, enemy
19:41
States or other state, sanctioned activities and ensure
19:44
that these individuals cannot get the benefit of the US
19:46
Financial system. How Oh is adding tornado cash to
19:50
the sdn list. Different from past ofac
19:53
sanctions. Our contract is a robot, not a
19:55
person. It is software that resides on
19:57
the ethereum blockchain. If a contract is credibly
20:01
decentralized in the original authors of that contract could
20:04
be hit by a bus and the service would continue to work as such
20:09
today's action. Does not seem so much as a
20:11
sanction against a person or entity with agency, it appears
20:15
instead to be a sanctioning of a tool.
20:18
That is neutral and character and that can be put to good or
20:22
bad uses like any other technology.
20:25
Do you understand the implications of what?
20:27
I just read? How long until they say Bitcoin?
20:33
And the open source of it is dangerous because it facilitates
20:38
transactions that the United States government does not
20:40
approve of because that's where this is going.
20:44
And this is setting a very dangerous precedent and if the
20:48
U.s. government was really concerned.
20:49
Why didn't they sanction specific?
20:53
North Korean members are North Korean people or north or the
20:56
North Korean government. What they did instead is they
21:00
said we are going to sanction this privacy tool and what that
21:03
does is it sets a precedent for the future it labels a certain
21:08
privacy tool dangerous and therefore American citizen cans
21:13
can't use it. This is just a tool it's would
21:16
be the equivalent of saying we must Ban all guns because some
21:20
guns are used to kill people. Therefore, we have to get rid of
21:23
horrible. That's the same type of logic in
21:25
this, it's just a tool. Anyways, it is not any specific
21:32
bad actor, who is being sanctioned but instead it is all
21:35
Americans who may wish to use this automated tool in order to
21:38
protect their own privacy. While transacting online, who
21:41
are having their ability curtailed without the benefit of
21:45
any due process anyone. Bitcoin addresses have I've been
21:48
added to the sdn list in the past.
21:51
The rationale for those additions is that they are under
21:54
the control of persons who are engaged in sanctioned activities
21:57
again. Here you have this government
22:00
bureaucracy escalating it once again and the address is simply
22:05
another Alias for this in person.
22:07
If it was the treasury, Department's intent, to
22:09
sanction, some groups who actively maintained a promote,
22:12
tornado dot cash, that would be one thing this end sdn entry.
22:17
However, merely I Identifies a URL and a series of ethereum
22:21
contract addresses, sanctioning a tool.
22:23
That is not an alias of any person.
22:25
Meriting sanction is substantially different from
22:28
typical usage of the sdn list. It is a ban on a technology and
22:33
not a sanction against any person.
22:36
And again here you have an abuse of power.
22:39
They're using North Korea as an excuse to ban a certain
22:44
technology in this sets a precedent because in the future
22:48
And I'm going to show you. Right Bitcoin and US sanctions
22:53
policy. Current sanctions policy does
22:55
not come Engel Bitcoin facilitates.
22:57
Anybody to use the Bitcoin Network to transact with anybody
23:02
their heart desires, all they need is the corresponding
23:04
private key of the Bitcoin that of which they want to spend.
23:07
Right? So you see where this is going
23:10
is a very very very dangerous precedent.
23:13
Anyways, Even worse because of the nature of blockchain.
23:17
Transactions. An American who has sent money
23:19
through the tornado, dot cache. Address is not evil, he's not
23:23
even able to reject the transaction and yet.
23:26
Maybe at that moment technically in violation of ofac rules
23:30
that's right. What happens.
23:32
And this is already starting to happen from, you know, a little
23:34
Rumblings that I've heard on Twitter is that if he actions
23:38
that the, the addresses that have so-called been the
23:42
addresses that are so-called clean Are being sent dust from
23:48
the blacklisted addresses so it's like you can't control this
23:51
and again, why are they doing this?
23:53
Because they're trying to force the old system of control and
23:57
exclusion on. Top of the new system on top of
24:02
Bitcoin. On top of this shit coin
24:04
Network. You see where this is going?
24:06
The writing is on the wall. Anyways, we are looking at the
24:10
legal and constitutional ramifications at fur at first
24:13
pass. It's worth noting that under
24:15
Berkeley versus Valeo and Citizens.
24:18
United vs. FEC limitations on spending
24:21
money race First Amendment concerns, because spending is
24:24
necessary to support and communicate political speech in
24:28
Sorrell versus IMS Health Inc. The court went so far as to
24:33
invalidate a state law that made the buying and selling of
24:36
prescription drug information for marketing purposes.
24:39
Illegal on First Amendment grounds, in this case is law are
24:43
being used to create a Take action on spending money, not,
24:47
merely person who has been found guilty of a crime or even
24:49
suspected of terrorism. This is a limit on any American
24:53
who wishes to use her own money and a freely available software
24:56
tool to maintain her own privacy, including for
25:00
otherwise, entirely legal, and personal reasons.
25:03
And now this, they know that these people are not stupid what
25:07
they're trying to do. And you saw that, let me pull it
25:10
up. You saw that with this, right?
25:12
With the ofac compliance block, Is there trying to make Bitcoin?
25:17
I mean, keep repeating this into an extension of the current
25:21
system. The current political political
25:23
politicized Financial system, the US government has weaponized
25:29
the US dollar and it's taking advantage of the fact that it is
25:32
global Reserve currency to control other countries by
25:36
controlling the money. Now, the problem is that with
25:38
Bitcoin, they lose a lot of that power.
25:42
So right now what I believe this is is it setting a precedent for
25:47
the future. How long until they come out?
25:49
Perhaps a couple years from now and say, hey the Bitcoin GitHub
25:54
it was you I'd Iranians it was used.
25:56
Bitcoin was used by the radiance but Bitcoin was used by Russia.
26:00
Russia, Russia can't have this. Can't have American citizens
26:04
using that, right? This is what they're doing with
26:07
this. It starts off with this small
26:09
insignificant privacy tool, that none of us use Because it's for
26:13
a shit coin, but the significance of this can't be
26:17
overlooked anyways. Moreover, while limitation comes
26:20
on speech are often Constitution applied after the fact, prior
26:24
restraints on speech are typically unconstitutional ofac
26:27
sanctions, unlike a defamation claim operate as a regime of
26:31
strict liability. Meaning their meaning that no
26:34
prosecutor or judge needs to make any public showing of fast
26:38
act to adding name to the same persons list and transactions
26:41
with one on that list are banned a prior restraint, irrespective
26:46
of the specific details of any particular transaction or the
26:49
motives of that transacting person.
26:51
The constitutionality of that regime as is typically applied
26:55
has not to our knowledge. Been challenged on First
26:57
Amendment or due process grounds.
26:59
This particularly usage of ofac main constitutional concerns
27:04
because it is again, not a ban on one, non us person's ability
27:08
to financial system. It is instead a ban on
27:11
effectively Every American's ability to use a particular
27:16
open-source software tool, Bitcoin is open source software.
27:23
And you're still not convinced. This is, this came out today.
27:28
Iran places first scripto funded import order ten million
27:33
dollars, Iran registered, its first import order to be paid in
27:37
Bitcoin or shit coin since the government's traps for foreign
27:40
currencies due to sanctions. Amended digital assets
27:44
legislation to allow locally mined cryptocurrencies to be
27:47
used for purchases. The order is valued at 10
27:50
million dollars the report. Cited, a tweet from House
27:53
Repairmen Park and official of the ministry of Industry.
27:56
Mine and trade, which said that by the end of September, Iran's
28:00
use of cryptocurrencies and smart, contracts will be
28:03
widespread in foreign trade with Target countries.
28:11
Iran is one of the countries that is on us, sanction list.
28:19
So how long until they say hey this Bitcoin software can't
28:22
can't do it because you know, it's sanctioned, right?
28:27
And again, they're not using those sanctions to go after
28:30
specific individuals. Now, the US government has set a
28:33
precedent where they're using sanctions to go after specific
28:38
open source software. And why are they doing this?
28:43
Yes, they're using North Korea as a smokescreen.
28:46
They're using this because they can't control Bitcoin.
28:49
So, again, they're trying to force a round peg, into a square
28:54
hole, or square peg into a circle hole.
28:57
I don't know. Anyway, so you guys get it up to
28:59
you? What are your thoughts brother?
29:01
Well, I mean I think you covered it really, really well.
29:05
And this is definitely setting a dangerous precedent for
29:09
everything we're doing over here in the Bitcoin.
29:12
And you know by extension the shit coin space.
29:14
But from my rudimentary understanding of all this is
29:18
this is definitely looking like an unconstitutional clamp-on on
29:22
free speech and you know like just I'm reminded of the story
29:27
of Adam back posting you know, software code on a T-shirt and
29:31
traveling over borders. And it's like we've known for a
29:36
long time, that software is speech.
29:38
So if they are clamping down as Mica said on the tools to You
29:42
know, it's just software. And so they are definitely
29:45
setting a dangerous precedent over here.
29:47
Because as we're saying, software is speech, it's
29:49
unconstitutional for them to crack down on software and then
29:52
furthermore, I was watching the Peter valken Borough, sorry for
29:57
apologizing for messing up your name, but he went over this
30:02
yesterday. And another aspect that I wasn't
30:04
aware of is that Anonymous payment for political campaigns
30:08
or stopping Anonymous payments for political campaigns is also,
30:12
Unconstitutional. So we will see how this ends up
30:15
but it is definitely looking like what I just said a minute
30:18
ago, that the authoritarians are leveling up the insanity right
30:22
here and also not to get to like conspiratorial or whatever, but
30:26
the fact that we saw Trump's house rated yesterday as well on
30:30
the same day. It's, I mean, it's hard to look
30:34
at all the stuff that's happening and not see
30:36
coincidences and authoritarian overstep.
30:40
So like the authoritarianism is Is escalating and we know
30:45
essentially why is because they understand that they are losing
30:49
control and they have to figure out a way to control you and
30:52
it's just man, this is absolutely mind-blowing to me
30:55
that they can do this. And I mean you know say what you
30:58
want about it being on Ethan a shit coin and all that but it's
31:02
not looking good if this goes through and what that President
31:06
would would set for all of us over in Bitcoin.
31:08
Like we say, it all the time and like shit coins make Bitcoin.
31:12
Look, bad and fish, like this is crazy.
31:15
Talk to me. You know, like I said earlier
31:17
that, the news today is pretty heavy, but hey, man, we shall
31:20
see how this end, but they are reaching guys.
31:24
The authoritarians are trying to take all your freedoms, one step
31:28
at a time and I think this is further proof that we are right
31:31
about all this. Like we are not just making this
31:33
up. The the proof is in the pudding.
31:35
They want to control you and any way possible.
31:37
And the first thing they can do is try to control your money.
31:39
So hey, this is why We Bitcoin. This is this is why we show up
31:44
every single day to counter this fun, because if who, if we don't
31:47
do it, then who else will because the Legacy Media is
31:50
going to keep feeding you bull. So this is why we do what we do.
31:54
But man Nico, this is just crazy.
31:56
Crazy stuff here man. Yeah, it's super is super crazy.
32:01
I'm, I think this is just round one.
32:04
Now, one thing that I wanted to say about federal agents raiding
32:09
the home of a previous president that's never Been before in
32:12
American history, that's something that you would see
32:15
and, you know, in developing countries.
32:19
But I don't want to get into the politics of that because we
32:22
started just try to stay as neutral as possible, and simply
32:24
Bitcoin. But, well, I'll tell you this,
32:26
right? Remember that night in bouquet
32:29
is government and they'll Salvador never raided the home
32:33
of a previous president and he never put the the government of
32:36
nine buchelli. Also didn't put past cabinet
32:40
members of the Administration in jail, either. so when they call
32:45
Salvador a dictatorship, Remember what happened?
32:49
Remember what happened? Because what I'm seeing what I'm
32:51
seeing here is the typical case of psychological projection.
32:57
That's what it is, right? These people have nothing to
32:59
stand on the same. As Legacy Media, they're
33:02
standing on the coattails of the reputation that they've built up
33:06
over the decades. But now in this fourth turning
33:08
that we're experiencing, yeah, it's nothing but BS it can't be
33:14
that a couple of bitcoiners on YouTube where more Right about
33:18
inflation and the recession, then the whole credentialed
33:22
expert class on Legacy Media. Something's really wrong there.
33:26
If that is happening and again, is it because they're stupid, or
33:30
is it because they're acting the variously, I'll let you guys be
33:33
the judge. But anyways, Opti It's time for
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34:45
All right guys, so I saw this article, it's making the rounds
34:48
on Twitter so I figured I should cover this.
34:52
Anyways, as you can see the headline says Bitcoin and
34:56
Bitcoin markets. Have found a floor as
34:58
anticipation builds that the eith merge is viable in 2022.
35:02
JP Morgan says. So I wonder what JP Morgan has
35:09
invested in etherium, but let's just get into the cell.
35:12
As you can see, I highlighted a few, a few points and goes
35:14
Analyst at JP Morgan said. There are two reasons, driving
35:17
the recent strength in the Bitcoin and shit coin Market.
35:20
What has helped we think has been more limited new contagion
35:23
from the collapse of Terror, Luna?
35:25
Okay, maybe. However, we think the real
35:28
driver has been the eith merge and positive data following the
35:32
launch of the supposedly attest net in early July and Rob's tin
35:36
Testament in June indicating. The merge is viable in 2022
35:40
member. We covered this a couple days
35:41
ago. Go that they have been moving
35:43
back, the merge date from. I forget what the first one is,
35:47
but now it's in September, supposedly so we shall see if
35:50
they even hit that date. But anyways, the upcoming you
35:53
theorem event has been highly anticipated.
35:55
By investors wonder who those investors are.
35:58
The merge is designed to transfer.
36:00
The ethereum blockchain away from proof of work.
36:02
Instead to a proof of stake system, which is supposed to be
36:05
faster and more efficient from an energy consumption
36:07
perspective. When mining guys, we literally
36:09
covered this yesterday in regards to Is and the Bloomberg
36:14
article. They keep trying to do the same
36:16
thing. Make proof-of-work look bad
36:18
Rufus. Take look good because it's more
36:19
energy, efficient, so let's continue down here.
36:22
Successfully Theory emerged later.
36:24
This year should help boost sentiment in the Bitcoin.
36:27
And Bitcoin markets. JP Morgan said, the merge is
36:29
currently expected to take place in September depending how the
36:33
upcoming grrl etes net performs its scheduled for August 11,
36:38
guys. So this is why you're seeing all
36:40
these articles in the news on Bloomberg.
36:42
Berg Business Insider right now in regards to etherium being
36:45
the, what was what they say yesterday?
36:47
The most ambitious project in the blockchain space.
36:51
I wonder why all this PR is happening on the days before the
36:55
merge because they got about the bags.
36:58
Anyways, ultimately the ongoing recovery of the Bitcoin shit
37:01
coin Market, could hinge on the upcoming eith merge in the short
37:04
term as Bitcoin and Bitcoin investors.
37:07
Look for a much-needed boost in sentiment.
37:09
So obviously this is a Hopi. Amar All it's definitely
37:13
Schilling eith in positive light and so I just, you know, I had a
37:19
thought like okay, let me just check and see, you know, is
37:23
there a connection between JPMorgan and Edith?
37:27
Well, I found. Interesting, interesting
37:30
connections. Apparently there is this
37:34
Enterprise ethereum Alliance launched in February 28th of
37:38
2017. A newly-formed Enterprise
37:40
collaboration Drive Ives eith blockchain technology, best
37:43
practices focusing, on security, privacy scalability ability the
37:48
alliance seeks to augment, etherium enabling it to serve as
37:51
an Enterprise grade technology with research and development
37:54
Focus. Again, I just said that the
37:56
founding members of the Enterprise's theorem Alliance
37:59
rotating boarding include, there's a bunch of names here,
38:02
but let me just pick out some of the names that I that I am aware
38:04
of being wine. Malin CME Group consent.
38:08
This is Jay P Morgan credits. We Zion.
38:11
Geez. Thomson, Reuters and ETA the
38:16
ethereum enterprising, Lions will collectively develop
38:19
industry standards and facilitate open source
38:21
collaboration with its members base, as well, as the etherium T
38:24
scientist and inventor vitalic, batarian and is open to any
38:27
members of the theorem Community who wish to participate, the a
38:31
large project can play an important role in standardizing
38:34
approaches for privacy, T permissioning and providing
38:37
alternative consents of algorithms to improve its
38:40
usability and Enterprise settings.
38:42
And the resources the project and its members are contributing
38:45
should accelerate the advancements of the etherium
38:47
ecosystem. Generally says, Batali I look
38:50
forward to continuing to work with everyone involved.
38:54
Key point there. Anyways, let's go on and
38:57
continue and I went kept going down the rabbit hole and I found
39:00
this other article and this came out in March 1st of 2022.
39:05
Blockchain company, consensus faces, multibillion-dollar audit
39:08
as shareholders claim board breaches food, dishy area, These
39:12
attributed to Arthur fault. So, on March, 22nd, a good. 35.
39:17
Former employees representing more than 50% of all known,
39:20
consensus AG shareholders fighter request for special
39:24
audit, pursuant to Art 697 a of the Swiss code of obligation.
39:29
So they did an investigation and guess wound, they found that on
39:33
August 14, 2020, fundamental, intellectual property and
39:37
subsidiaries were illegally transferred from consensus.
39:40
AG into a New entity, consensus software Incorporated, in
39:45
exchange for 10% ownership of CSI.
39:49
And an offset of 39 Million Dollar Loan By founder, Joseph
39:52
lube, and internally codenamed project Northstar the
39:56
transaction resulted in Legacy financial institutions such as
40:00
JP Morgan. Chase acquiring and influential
40:03
steak and metal mask and in Furia.
40:07
Smoking Gun, I suppose, but let's keep going again.
40:12
April 13th 2021, MasterCard, UBS and JP Morgan polar 65 million
40:18
dollars into a theory of startup Studio consensus, consensus
40:22
build, cryptocurrency related infrastructure, race 65 million
40:26
in funding from Big bake. Such as UBS and JP Morgan Chase
40:30
another Financial giant Mound also joined.
40:32
So guys remember this bullish Article on E.
40:37
Theorem why do you think that JP Morgan is bullish on?
40:42
Eith is because they have huge bags of eith guys.
40:46
Like we told you this in regards to Bloomberg and I know I got
40:51
some comments yesterday about me, going a little wild in the
40:54
fail section. But this is further proof that
40:58
the Legacy Media does not have your best interest.
41:00
They are literally funding, the enemy of Bitcoin.
41:03
They are putting all this bullish PR in regards to To eith
41:07
the he's Mertz being merge, being the most bullish project
41:10
and most ambitious project in the Bitcoin and shit coin space.
41:14
And now we know exactly why. So they are incentivized to push
41:19
that narrative because they have bags of all the infrastructure
41:24
in eat. So they are incentivized to
41:26
wanna seeee fucking pump guys. I what did we say before?
41:32
We created a meme on here and it's basically that You know,
41:37
eith is recreating the financial system on the blockchain.
41:40
Oh yes, my camera wasn't fully set up Nico rat.
41:47
Dude, what the hell? What the hell.
41:49
Oh, there we go. I thought, I thought I had it
41:51
set up. Anyways, guys, this is
41:54
absolutely insane. Look, this was making the rounds
41:57
on Twitter, like it was super bullish.
41:59
That JPMorgan. See.
42:00
It says that the, you know, the Bitcoin price floor is set and
42:04
we know what exactly? They are doing.
42:07
They are just trying to pump their eith bags and say that oh
42:11
the crypto Market is set. The floor is set.
42:14
We are about to pump because of the eith merge.
42:17
It's just a bunch of PR bull guys.
42:19
Like this is insane. Anyways Nico jump in.
42:21
I do have another fail in here if we want to talk about this
42:24
but what's your thoughts? We got time for another fail
42:27
dude look I it was a core eclipse in said it beautifully I
42:32
said it in my like kind of Nico Jones Way.
42:38
Etherium has no choice but to Cozy up to this and a theorem
42:44
only relies on the marketing and the hype, and now they're
42:47
clearly being pushed by Legacy the Legacy Media.
42:52
And yeah, why are they pushing it to?
42:54
They actually give a fuck about the merge?
42:56
No, they're just holding bags and they're trying to capitalize
43:00
on the marketing which is all what etherium is there.
43:04
There's nothing else Yeah, it sucks.
43:07
But I want to go back to the first point that I was making is
43:11
that Corey said this beautifully, I said this also
43:14
that because the theorem is inherently centralized.
43:18
You're going to see this evil alliance between governments
43:22
institutions and all that, to try to ensure the survival of to
43:30
try to ensure the survival of aetherium through merging with
43:33
these institutions. And those institutions to try,
43:36
To remain relevant and should try to hold on to some of the
43:39
power. They once had they will Ally
43:42
with Theory. Mm, remember, in the eyes of
43:44
Bitcoin because of proof of work because of the decentralized
43:48
node Network, because the resources, the the resource
43:51
requirement to run a note is so low which ensures the
43:54
centralization. What you have is a network that
43:59
sees everybody equal. Sure Michael sailor might have
44:02
more money to buy more Bitcoin but he doesn't have more
44:08
influence over the Bitcoin Network and that is completely
44:11
different with different than something like etherium, right?
44:15
And if you don't believe me, 2017 the four cores or an
44:20
example of what happens when the largest mining can golf
44:23
conglomerate and Bitcoin try to take over?
44:26
Bitcoin and try to change the rules of Bitcoin to benefit
44:29
itself. But the users were able to
44:32
successfully withstand that attack.
44:34
And I think that was one of the biggest moments in Bitcoins
44:37
history, right? So yeah, it's a very striking
44:40
difference with a centralized system like etherium at the end
44:44
of the day, it's estimated to be between forty percent of forty
44:48
to fifty percent of the theory of nodes or run on AWS servers
44:51
meaning, Jeff Bezos, literally controls the ethereum network
44:56
and If you run your note on a server, it could easily be
45:00
co-opted by a government, right? And you compare that with
45:02
Bitcoin, that all you need is literally a hundred dollar
45:05
Raspberry Pi and it's a very striking difference you know.
45:09
But look at the end of the day JP Morgan doesn't care about
45:12
Bitcoin doesn't care about etherium.
45:14
What they really care about is to see their bags pump so
45:17
they're not allies. The same reason that block,
45:20
BlackRock got into Bitcoin. They don't like Bitcoin takes
45:23
power away from them, but they're not going to miss out
45:26
on. Prophet though, right.
45:28
So anyways, up T. I see you have a screen pulled
45:31
up. Yes, this is.
45:35
This is everyone, what everyone wants to talk about.
45:38
So, let's get into this and I'm sure we'll have a little
45:41
discussion after this Matt corallo.
45:43
He's a famous Bitcoin developer, he was known for being one of
45:48
the youngest Bitcoin developers. You've been been around for a
45:50
long time, and he dropped his tweet or tweet thread.
45:54
Sorry, I'm not going to read the whole thread, I'll just read the
45:56
first one and then, We will get into Nick Carter's response to
45:59
and then we'll get some more responses and some things behind
46:02
the after itself. First he goes Bitcoin, Maxis are
46:05
a Dying Breed why there was a time where everything accept
46:08
Bitcoin was basically a scam that hasn't been true for a long
46:11
time. In the smart money has moved on
46:13
to figuring out which projects are going somewhere in which are
46:15
straight pump and dumps. Okay?
46:17
So, yeah, okay, sure. Then Nick Carter goes Brave and
46:21
important thread from Matt. This is an important cultural
46:24
moment, okay? Bitcoin doesn't need me.
46:26
But it does need. Matt corallo Bitcoins
46:29
longest-tenured and most prolific core Dev.
46:32
Well, let's get into some of this stuff going on.
46:35
Oops, I got it set up. I really like this tweet from
46:38
Samson, I know Samson and Matt Matt worked together at blocks
46:43
dream. So I don't know what the beef is
46:44
behind the scenes, but there seems to be some kind of beef
46:47
behind the scenes anyways. Matt Kerala, he does a
46:50
screenshot of the tweet, and then he goes looks at his.
46:53
His, by on, it says, mostly reposting at Oona.
46:57
So then we see what at Sunnah is.
47:00
And you can see that Sunnah a and my house is V, they abused
47:05
59 million crypto van back by Marc Andreessen.
47:08
So I had to verify and yes it is there in his profile and I went
47:13
to the you know who he is reposting this at soon a girl.
47:17
And as you can see, founding and managing partner at V Capital.
47:21
So I went down and I went on the site and you could see where I
47:25
ended up. Our world-class backers, Chris
47:29
Dixon, a 16z Marc Andreessen, a 16z, Balaji srinivasan, angel
47:35
investor but Fury members Balaji, I will get into it a
47:39
little bit. So let's just look at
47:41
Andreessen. Horowitz is sorry, wrong one.
47:46
Let's look at this. This post Right Here.
47:48
By Brian Armstrong. It says welcome, Balaji
47:51
srinivasan coin basis. New Chief technology officer.
47:55
Balaji was General, partner and injury.
47:56
Horowitz before joining a 16z. So remember, Balaji guys.
48:03
He not only worked at coinbase but I couldn't find this on
48:07
Twitter, but I found this nice little tidbit right here, posted
48:11
five years ago, and rbtc Balaji on block size.
48:14
Probably most corporations and venture capitalist bitcoiners
48:17
think the block size should be increased because Bitcoin
48:21
Network should handle lots more traffic.
48:23
So these are the people that are behind Suna full fundraising.
48:29
And these are the people that, you know, Matt is apparently
48:31
aligning himself with. So remember all those this and I
48:35
love this by chunk of Allah, remember all those policies that
48:37
blew up this year and shit coins that died over the past 10 years
48:40
and those JP does jpegs. People believed in and all those
48:43
a 16z pump and dumps, you need to accept those things until
48:47
your life. You big mean Maxi or you will
48:51
die and let's just continue on some more commentary.
48:55
I love what grubbles has been. On Twitter.
48:57
So I have to plug what he's been saying on the show.
49:00
Good God. Not literally everything is a
49:02
scam. That is the biggest strongman
49:04
sofas love to construct. It is a common thing to say,
49:07
everything is a scam because it's a good safeguard for people
49:10
who are not typically able to evaluate projects in a technical
49:13
manner, but the sad thing is, there are so many goddamn scams
49:17
that basically, everything is a scam bitcoiners, shouldn't have
49:21
to say, everything is a scam, but this is the reality out coin
49:25
people have built for everyone. And it's not bitcoiners fault
49:28
that they are so utterly slimy and scammy but it's the reality
49:32
we have to live in and just to continue Jimmy song, tweeted out
49:36
basically the same thing. Let me get this straight.
49:39
There are 100 million dollar, exploits 1, billion dollar, rug
49:42
pull CBD sees that will get rid of cash forever.
49:45
People losing their life savings on crypto scams and somehow
49:48
Bitcoin maximalist are the problem.
49:52
And then one last Nico and then we'll jump in and we'll talk
49:54
about it a little bit. This is from Tour de.
49:56
And he's quote Tweeting or screenshotting.
49:59
This guy, Alexander Bernstein, who's saying that?
50:02
Bitcoin Maxis is a cult, disgusting and plain vanilla,
50:05
stupid, making us all little brain people and I love towards
50:11
response because this is this is how I see it as well.
50:13
Might take a Bitcoin maximalism is that it's a belief in a
50:16
winner-take-all outcome of these monetary protocol Wars, and in
50:19
Bitcoins path, dependence and network effects.
50:22
I don't see what stupid or disgusting about that.
50:26
Oh my God. My camera Niko wrecked all day I
50:30
guess I didn't figure out the camera.
50:32
Guys, my fault but anyways. Let's get into this.
50:38
Do you believe that Bitcoin maximalism is dying out there
50:43
Nico? Because personally, I see the
50:47
opposite, I see way more Bitcoin Max, he's out there on Twitter,
50:50
I see more people, stacking sads, I see more people
50:53
understanding that shit coins are a scam and all you need to
50:56
do is stay humble and stack Sach.
50:59
Now, on the one hand, I definitely can, you know, see
51:04
his point of saying that. Yes.
51:07
If I if I go down into the thread and you read the thread,
51:11
he is kind of echoing something that I said last week is guys,
51:15
we need to push the things that we love and that we know to be
51:20
the positive message is I've been saying push the good word
51:23
of Bitcoin because I believe that that is a better way to
51:25
spread the message of Bitcoin. But do I believe that Bitcoin
51:29
maximalism is dying is no? And my opinion.
51:32
It is growing more than ever more.
51:35
People are stacking sad It's more people are saving in
51:37
Bitcoin and the message is spreading far and wide.
51:41
Remember all the clips we've added about the End, the Fed
51:46
stuff, the narratives going around in Legacy Media from from
51:50
Big, alternative news sources saying the exact same message
51:55
that we have been saying as bitcoiners for years.
51:59
Bitcoin is the way and the FED central banks are the enemy and
52:03
the powers that be want to control you.
52:06
I fundamentally believe that more people are waking up to
52:09
this narrative or this view that Bitcoin is the solution.
52:13
And in my opinion, there's more Bitcoin Maxis out there than
52:16
ever before because there's more everyday people, stacking.
52:19
There's more people spreading the sound money gospel, And this
52:24
is just, this is just a huge coat because let me show you one
52:28
of these portfolio partners and Andreessen Horowitz.
52:33
Oh, who do we have here? Dynamic.
52:37
Remember the whole Nick Carter debacle and when he bleached his
52:42
hair and he went full Britney Spears on us and caught.
52:45
It started calling us Bitcoin Maxi cult members.
52:49
Well guys remember, just follow the money.
52:54
Where is that? Tweet by Sampson Mal?
52:58
Follow the money guys and you will see why these people are
53:02
spinning these narratives. And as I say guys, as my mother
53:06
always told me, tell me who your friends are and I will tell you
53:09
who you are. We see what is going on behind
53:12
the scenes, they are being funded by shit Corners.
53:15
Hence, they have to keep us close minded Bitcoin, maximalist
53:20
far away from their narratives, because bitcoiners are bad for
53:25
business. Bitcoin maximalist are bad for
53:27
scammers because you guys call out the scams and Bitcoin Maxis
53:32
are the immune system? Yes.
53:33
Do we need Time spread the good word of Bitcoin.
53:36
Yes. But there is a time and a place
53:38
for creation and destruction. So continue to be toxic,
53:42
continue to call out scams and as well continue to spread the
53:46
good word of Bitcoin anyways. Nico, what is your thoughts on
53:49
this? You're muted.
53:55
Sorry about that. There's a bot in in our chat.
53:58
This is the first time it's happened.
54:00
Interesting. Okay.
54:02
So what is my thoughts on this, dude?
54:06
Remember what I said about projection?
54:10
Yeah, I'm going to that's what I have to say about this dude.
54:13
Like it's like oh you expose my scam?
54:16
Bitcoin Maxis are bad, they're dying.
54:19
My star is rising. Yeah, look a lot of people bash,
54:26
Nick, Carter. I appreciate all the work he did
54:30
against, you know, fighting the The climate that the he did a
54:35
lot of good work with the climate stuff.
54:38
So I'm going to acknowledge that.
54:40
That being said his behavior after his Investments blew up
54:46
because he invested in shit. Coin companies was unacceptable.
54:49
It was just attacking Maxie's to attack Maxis.
54:54
Yeah, so it's just man. I think it's Escape boat.
54:58
It's a scapegoat maximalism has saved so many people.
55:04
All noobs from getting into the space from getting absolutely
55:07
wrecked. So I like maximalism.
55:11
Do I think it's perfect? No.
55:13
Does it do we eat our own sometimes?
55:15
Absolutely. But it's an immune system, dude.
55:20
It's the decentralized. Immune system of Bitcoin of
55:23
Bitcoin Twitter and I think it serves a purpose in all of this.
55:27
So yeah, man, I Good stuff, dude.
55:32
Connecting the dots, to be honest.
55:33
Good stuff up. T up.
55:34
He's getting better and doing better.
55:36
I just want to say one? What?
55:38
Lasting Nico. I had happy.
55:39
I wouldn't be here if it wasn't for the toxic maximalist, like
55:43
they opened my eyes to what is going on here, and yes, some of
55:47
them are crude and some of them are very disagreeable but that
55:51
is a feature, not a bug, quit fucking with our money because
55:54
it pisses people off. This is the fundamental thing
55:57
that these people are talking about.
55:59
Just stop messing with the money and you Get so many angry people
56:02
like it's pretty simple. Yeah, 100%.
56:06
Amen to that brother. Anyways, Opti, literally my
56:10
favorite part of the show. Let's do it.
56:14
I'm for the daily meme, review brought to you by sitting out
56:18
21, it's the best Bitcoin cultural scene is stories
56:20
articles Comics by actual bitcoiners artwork.
56:22
For all intent is artwork for volume 11 is the artwork for
56:26
volume 2. Volunteers, almost sold out
56:28
because there's only a thousand physical copies made per volume.
56:31
Get your prints of Seville 21 today before they run.
56:36
All right guys we are here for the meme review.
56:39
Of course, send us Your Meme review score in the YouTube chat
56:43
so that we can Talk about them after the mean review.
56:47
First and foremost we talked about the inflation reduction
56:52
act yesterday. And I really love this this this
56:56
mean by our in-house researcher at pledge, signal BTC shouts out
57:00
to you bro and it's just hilarious 8,000 IRS agents my
57:06
$601 in my venmo account and if you guys know this is the o.j.,
57:10
cop, chase classic moment in history and then just a further.
57:14
Either make a point of how many people 8000 IRS agents is.
57:20
We found this tweet by Mike salon and he goes here is an
57:23
8,000 person Stadium. The number of IRS agents Biden.
57:27
Just force you to hire. That's a lot of Agents guys.
57:32
Hold on, hold on a second. John says Nico how much you
57:35
offering for my volume 1 brother?
57:37
I have seven-volume ones dude. I'm good anyways.
57:42
Sorry often No worries. And then, of course, you know me
57:46
sometimes memes are in word form.
57:49
But I really love this right here.
57:51
This by a Brahim kasim. I don't even think he's a big
57:53
Corner. He's just a commentary, oh,
57:55
editor and chief of the national polls and he goes lame-o.
57:59
They just use your taxes to increase your taxes.
58:02
So they could hire H set 87,000 IRS agents to Rifle further
58:06
through your taxes. In case you owe more taxes.
58:10
It's a kleptocracy. Amazing.
58:13
Amazing. And then this morning, I dropped
58:18
a Tuesday, Tuesday, and I have to plug Becca's version of this
58:26
because it's yellows, Don't Stop Believing space docks.
58:30
Might be inappropriate a YouTube, but amazing work
58:34
amazing, work wine. You guys killed it today.
58:38
And then, as we've been talking about Matt, Kerala, Nick Carter
58:41
had to add this one in shouts out to seek a snarks.
58:44
Because none of us are important.
58:45
Bitcoin does not care, get over yourself but the meme is by
58:49
coin. B, they've been tagging us and
58:50
really good threads. And I saw this this morning and
58:53
I thought this is the perfect Meme and he goes unpleasant
58:56
facts. 100 Bitcoin is not about you and they got Skeletor
59:01
running, man, I love that, guys. This is literally why I wore the
59:05
mask for the first couple episodes because it wasn't about
59:07
me. It's about the message.
59:08
But now you guys know my face. So, hey, it is what it is.
59:12
Now, the next one at shower hot, Well, he goes the Maxis.
59:16
You speak of don't exist, and it's an invisible man with laser
59:20
eyes. Yes, the Maxie doesn't exist,
59:24
and then just to put a pin on the topics, we've been talking
59:28
today, shouts out the Tawny da huddle, or at stacking
59:31
underscore sets underscore? And he goes.
59:33
It's very fitting. It looks like Nick Carter em.
59:37
Anyway, why are you so stubborn? There's no way that Bitcoin will
59:40
be the only crap now by my shit coin.
59:43
It's And then we got the Chad Bitcoin guy.
59:48
With the laser means you go shit.
59:49
Coins are created to take your Bitcoin know.
59:52
How can you be so disgusting and vile?
59:54
You're Dying Breed re cry harder be fish.
1:00:00
Alright, alright, so here is my meme score for today.
1:00:04
You guys saw me using it earlier, I got this Orange.
1:00:09
Lens cleaner, very good. But guys, before I give the meme
1:00:14
score, this is the mean review. We're doing it interactive
1:00:17
because it's live, right? So give the meme a score.
1:00:22
If you're new to the show, the scoring system is simple.
1:00:25
You give it any object. You could think of put in the
1:00:29
chat and force Opti and I to read it and we will get very
1:00:32
uncomfortable, especially it's uncomfortable score.
1:00:35
That being set Mica will get uncomfortable, I will laugh.
1:00:40
After you will get it up. T, will laugh at Nico getting
1:00:43
uncomfortable. So, yeah.
1:00:46
Give the score give give the meme asked or put it in the
1:00:50
chat. That being said, I'm going to
1:00:53
give it This purplish hair dryer.
1:00:59
That has. It looks like a crypto cloaks 3D
1:01:02
printed Asic vet minor thing. Is that how you get the wavy
1:01:07
loss Nica, dude? Honestly, they just can't know.
1:01:10
I never used this is my girlfriends but no, dude, it's
1:01:13
weird. It's weird.
1:01:14
So, like what? I take a shower.
1:01:16
My hair gets super. Super straight.
1:01:19
Yeah, it's very strange. It's very strange.
1:01:21
Anyways, Michael Morrison, gives it.
1:01:25
I gave these means one button. Okay.
1:01:29
One like but it leuco gives it Trump's match.
1:01:35
Very fitting for today. Extremos shout out to you buddy.
1:01:41
I gave a pile of dirty laundry, Nico.
1:01:46
Oh Nico dry hair with eggplant. Okay.
1:01:50
And BTC pins, I give those music CDs.
1:01:55
Haha, thousand IRS agents. I've broken metal detector.
1:02:04
She's Sokka. Thank you.
1:02:05
Thank you anyways. Good good memes.
1:02:08
Good meme. Scott.
1:02:09
If you missed the live show, put your score down in the comment
1:02:13
section. Make sure to subscribe to us on
1:02:16
alternative video platforms like Rumble.com and Bitcoin tv.com
1:02:21
soon enough, we will. Live stream in the show to
1:02:23
bitcoin TV once I figure it out, bear with me.
1:02:27
Becca Becca. Becca gives the memes, a case of
1:02:31
Red Bull. Good overall could, could could
1:02:35
memes. Good memes, guys?
1:02:37
And of course, join our telegram group.
1:02:40
The link is down below. It literally takes 30 seconds.
1:02:44
All you have to do is you click the link.
1:02:46
It's free and you can hang out with all the pledges, you could
1:02:48
link us Bitcoin nimes to review and then we'll review them on
1:02:52
the mean. Review.
1:02:52
It's a win-win for everybody and of course if you're on audio or
1:02:57
no, John says No I can't. You're right.
1:03:00
I can't read that. I can't Nico can't read.
1:03:03
Yeah hold on Nico to be fair. When I met him in person he
1:03:08
didn't even know how to read this so she's any rug any rug
1:03:12
okay genius named absolutely love it but yeah and of course
1:03:18
if you're listening to the audio version of this on Twitter
1:03:20
spaces from with our boy, Jacob from Swan Bitcoin and Opti will
1:03:24
be there live. You can hear his rants in a
1:03:26
little bit. Hopefully Jacob.
1:03:29
Speaks up a little bit more. I love it when Jacob talks he
1:03:32
has good takes. Yeah, so just stay tuned until
1:03:36
after the show. But anyways, softy softy Opti
1:03:40
there was software released today, let's check it out.
1:03:45
Bitcoin. Software release.
1:03:47
All right, the softer release is sponsored by Cipher, safe.
1:03:54
Don't store your seed on paper store.
1:03:58
Your seed on metal. Paper is waterproof water prone.
1:04:03
It's fire-prone. Literally a piece of paper will
1:04:06
catch on fire. If your dog is some reason is
1:04:09
acting up literally eat that piece of paper.
1:04:12
If you imagine stackin that Bitcoin for years and years and
1:04:17
literally you lose your seed because your dog ate your seed,
1:04:20
that would that be terrible? That's why you got to store your
1:04:22
seed on metal and there's no other better place to do it.
1:04:26
Then the cipher grid and the Cipher wheel both Need by Cipher
1:04:32
safe, check out Cipher safe dot IO.
1:04:36
Anyways. Opti, what is the software
1:04:41
release for? I think I messed up because I
1:04:43
have over here. Hey, hey site by plebs.
1:04:47
I'm sorry about. That's what we have in the show
1:04:49
notes. So this one's a little
1:04:51
different. As we said we're going to figure
1:04:53
out Bitcoin TV, but we are plugging our friends Builders
1:04:56
and Bitcoin on bitcoin TV. Go check it out, they're
1:05:00
dropping. Content and it's done by a boy
1:05:03
at B kite. So you already know we support
1:05:07
other content creators out here because everyone is spreading
1:05:11
the sound of money gospel. And this is what we're here to
1:05:13
do any way possible to get the message out.
1:05:16
We endorse this, there is 10 million ways to spread the
1:05:20
orange pill signal. Anyways, make sure you listen to
1:05:23
us on Google Spotify, anchor and if you think we are providing
1:05:28
you value, we will take your sad.
1:05:31
On Fountain app. Yep.
1:05:33
And we love you guys. Thanks for hanging out with us.
1:05:35
This has been an awesome day. Nico, roll this one out.
1:05:38
We love you all. Before we go, I just want to
1:05:40
give a shout-out to our awesome clothing sponsor.
1:05:46
Represent LTD.com they make some of the most comfortable Bitcoin
1:05:52
merch look, opt he's wearing the Bitcoin shirt.
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I'm wearing the Revolutionary camo represent, he's making
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Bitcoin merch. He's made Bitcoin, much all sold
1:06:00
out. He's making simply Bitcoin merge
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two. You definitely want to go check
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it out. You can take advantage of the
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promo code down below to get 10% off represent.
1:06:09
LTD.com guys, if you see me at the airport, I'm literally
1:06:13
wearing this hoodie, it's not because they pay me.
1:06:16
Because it's comfortable as fuck.
1:06:18
Anyways guys, that was our show. If you enjoyed our show,
1:06:23
definitely consider hitting that like button.
1:06:26
It really, really helps us. This is a live show so you guys
1:06:29
are going to see all the authentic mistakes, all those
1:06:32
stumbles, but we're getting a little bit better as time goes
1:06:35
by. I also want to give a shout out
1:06:37
to Jacob from Swan that does this, the the Twitter spaces.
1:06:42
I also want to give us a shout out to one of our researchers.
1:06:46
Hans, thank you so much, brother.
1:06:48
And we got a new member of Simply Bitcoin.
1:06:50
That's going to help us with the writing on simply Bitcoin.com.
1:06:54
SATs for Life, stay tuned. We're going to be releasing some
1:06:58
signal articles to kind of at least help you guys make sense
1:07:02
of the clown World. From the bitcoiners perspective.
1:07:06
Guys, we love you all. Thank you so much for tuning in
1:07:08
to another episode of Simply Bitcoin.
1:07:11
We will see you tomorrow. I will catch you guys later.