Latest / Simply Bitcoin / BREAKING: Coinbase Stock is Going to ZERO | EP 702

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BREAKING: Coinbase Stock is Going to ZERO | EP 702 · Simply Bitcoin

0:11
Yo welcome to another episode of Simply Bitcoin live.
0:14
Where your number one source for the peaceful Bitcoin Revolution
0:16
cover breaking news culture medic Warfare we will be your
0:19
guide through the separation of money and state breaking news.
0:23
Bloomberg coinbase gets s SEC. Notice signaling intent to sue
0:29
over crypto offerings. This comes on the heels of Gary
0:33
Gensler. Basically saying that he
0:35
believes that everything but everything but Bitcoin is
0:40
considered a Security and that makes absolutely absolutely
0:43
total sense. But look, if you take a look and
0:46
we obviously we have the receipts for you guys if you
0:48
take a look at the percentage of Revenue coming from, it's the
0:52
first two minutes so I can't curse the percentage of Revenue
0:56
coming from, altcoin trading volume.
0:58
It's about 65% for coinbase. Not to mention the fact that
1:03
their their yield products are staking products are also Under
1:06
Fire as well. So coinbase is in trouble.
1:08
We always say on simply Bitcoin, you Live by the old coin, die by
1:14
the altcoin. So it's very, very interesting
1:17
but at the same time you know, the libertarian and me is kind
1:20
of like, hmm. Do we really want the government
1:23
picking and choosing? You know what people can buy and
1:26
what people can't buy? You know, if people want to buy,
1:29
you know, flaming pile of feces. So be it, that should be up to
1:34
them but it's just just very interesting how this plays out
1:38
obviously the Bitcoin or and me is happy.
1:41
That one of the most predominant I would even say evil altcoin
1:46
casinos. Potentially their business model
1:50
is under Fire. So that's the Bitcoin.
1:52
Iran me, you know, the the you know, the the small government
1:55
guy in me is like uh I don't know how I feel about this.
1:58
Anyways we're going to dive deep into all this.
2:00
We also have a video of Jim Cramer.
2:03
Basically saying that you should have bought coinbase stock at
2:06
475. It's so ridiculous man.
2:09
This is he is he is Is the Buy Signal everything he says.
2:13
Do the exact opposite anyway that's Nico's.
2:15
Take before we start the show. I want to bring up my awesome
2:17
co-host, always optimistic. Oh it's after 2 minutes shit
2:21
coins. When I said all coins, I
2:22
mentioned coins. Anyways, Opti.
2:25
How you doing? Did you wake up optimistic?
2:26
This morning. I Got a notification from now is
2:29
fields and he told me like yo And he sent me, he, I don't know
2:33
what he's doing, maybe he's pulling a yellow, bro, but he
2:35
sent me a screenshot or in a picture of you waking up, and
2:39
you got a frown on your face. Is that true?
2:41
Well, I do feel very optimistic. Now, I had a very good steak
2:46
dinner last night with some friends, had some chimichurri on
2:48
it. So I feel wonderful right now
2:50
but hey, he might be right, I honestly didn't want to get out
2:54
of bed this morning, but I got up.
2:55
Anyways, I am the worst when it comes to getting out of bed.
2:59
But hey, I get up early. I put in the work and here we
3:03
are. So hey, he might be right
3:04
nihilist Fields. Might he might, he might have a
3:08
camera in here. I don't know what's going on.
3:10
Because how does he know I'm concerned?
3:11
I'm concerned. Like, is he in your?
3:13
Is it eez in your crib like I don't know what's going on.
3:15
Anyways, what are we going to talk about during the culture
3:18
brother? Oh yeah.
3:19
Oh yeah, culture. I actually wrote an article this
3:21
morning and I was having a conversation like I said, last
3:25
night at a Bitcoin dinner at my friend's house and it was just
3:29
kind of Of affirmations of everything we're saying on the
3:32
show. And so I just wrote it down in
3:34
an article and I kind of want to cover it today and you know,
3:38
continue to inspire people out there.
3:39
I think we are correct and we will continue to be correct and
3:42
just the importance of being around, people like-minded
3:45
individuals and this is what we're going to talk about today.
3:48
Yeah absolutely. And I want to read this comment
3:50
by through fever. He says Bitcoin is leading all
3:53
coins by 20% this year today and I think that's the signal right
3:57
when you know on the verge of a potential banking.
4:00
Rafi, people are finding Security in Bitcoin, right?
4:04
You know, they see the Calamity and they're like, you know what,
4:10
you know, I'm kind of tired of this, this chaotic mess and you
4:13
know, these these people coming on TV and telling me, hey,
4:16
there's gonna be no inflation, the banking system is safe and
4:19
sound. There's absolutely nothing to
4:21
worry about, you know, but there's there's a fire alarm and
4:24
it's going off and it's like, you know, but don't please
4:28
ignore the fire alarm. It's not Being banks are fine.
4:31
You know, you don't need to go to bitcoin and then the other
4:33
signal is on you know, on the on the verge of these
4:36
announcements, you also have the by demonstration going out which
4:40
recovered on yesterday's show going out.
4:42
And for the first time on the presidential economic report
4:46
going out of their way and dedicating 20 pages of that
4:50
report advocating for you, don't need Bitcoin, it's not money.
4:54
It's it only has perceived value.
4:57
What you truly need is Central Bank digital See, so again, I
5:01
don't think that's a coincidence, then, you know,
5:03
this this banking Calamity Bitcoins price is pumping and
5:07
they come out and, you know, and they write that type of stuff,
5:10
you know. I think it's all related, but
5:12
maybe I'm seeing things that are not there.
5:14
Anyways, everybody, let's get to the numbers.
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We got a lot to talk about. Let's check it out.
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7:02
Anyways guys, check out this, this post by Sofia doll and II.
7:10
Give a hat tip to this comedian, but it's opt, he's ex
7:13
girlfriend, Christine Lagarde. So the tweets As Christine
7:17
Lagarde president of the European Central Bank gets
7:19
duped, by Russian comedian, slash hacker pretending to be
7:22
zalinsky quote, the digital euro is well on track and the goal is
7:26
to trace all transactions. There will be control, you're
7:29
right? That was the quote from the
7:30
video. I have it for you guys.
7:31
Let's play and then we'll talk about it.
7:38
Hello, can you hear me? Can you hear me?
7:41
I can see me, do very well. Okay, Madam president, I know
7:44
there are many protests in Europe against the electronic
7:48
hero. What is the reason we have to be
7:52
ready? Now, the problem is, they don't
7:55
want to be controlled, they don't want to.
7:59
Yeah, but you know what, you know what?
8:02
Now we have in Europe, This threshold above 1000 Euros, You
8:08
cannot pay cash. If you do, you're on the gray
8:11
Market that you take your risk, you get caught, you will find,
8:16
or you're going to jail. But, you know, the the digital
8:21
euro is going to have a limited amount of control.
8:24
They will be control you, right? You're completely right.
8:28
We are considering whether for very small amounts, you know,
8:31
anything that is around 300 400 euros.
8:35
We could have a mechanism where there is zero control.
8:37
All, but that could be dangerous, the terrorist attacks
8:41
on France bike, 10 years ago were entirely financed by those
8:47
very small Anonymous credit cards that you can recharge in
8:51
total anonymity. The you know that the equation
8:58
is now now I think that it's a joke like like a joke that the
9:03
next currency will be firewoods. For Europe.
9:10
Will be what? Okay man.
9:16
So first of all, shout out to that comedian that that's
9:19
absolutely legendary stuff. Um but a couple things that I
9:22
observed when she was talking about this, right?
9:24
So first thing, why are people protesting?
9:29
We have to control it. That was her answer.
9:31
They'd Sue nuts. Like not even addressing what he
9:35
said. It was just like we just have to
9:37
control like holy cow. Um anyways that she mentioned
9:41
the Thousand Euro limit, right? Yeah, that the meme you mess up
9:45
straight to jail. That's what I'm picturing.
9:47
It's like over 1,000 straight to Jim straight to jail I love that
9:49
Meme. Okay anyway so 1000 Euros why am
9:52
I why am I talking about the Thousand Years?
9:55
So in the mica laws, right? That was the laws that they want
9:59
to implement on top of the the controls or you know the the
10:05
limits that they want to implement on top of the An
10:09
industry in Europe. Now, the problem that they have
10:12
is that once people take self custody, how are they going to
10:15
implement those controls? How are you going to stop
10:16
someone from sending over a thousand Euros worth of bitcoin?
10:21
Like, you know, that's a question, right?
10:25
I love the fact that she just doubled down on there will be
10:27
control and it's like, you know what, for you peasants the to
10:30
300 dollar limits very small amounts of control zero control.
10:34
But you know what? That's dangerous because because
10:37
of terrorism, I mean, Mean fine. You know, terrorism is bad, you
10:42
know, you could definitely say that 100% but I would say right?
10:48
No, I'm not gonna go there. You know what?
10:53
I'll take it this direction. How many of the economic
10:58
hardships, that people are experiencing, that pushes them
11:02
to do atrocious and terrible things are caused by the Broken
11:06
money in the first place. Just a question, right?
11:10
I'm personally, I'm not a fan, and this is my opinion of the
11:14
government dictating or controlling every single
11:19
transaction that you want to do. Because that also leads to a
11:24
very dangerous territory that leads to Charlotte arianism,
11:27
right? These are the same people that
11:30
are looking at what China is doing with their social credit
11:34
system and they're taking cues from it.
11:36
What if I don't want to live in a world with a 15-minute City?
11:40
What if I want to have a gas stove, right?
11:44
What if I want to run, you know a Bitcoin toaster, right?
11:49
Like what if I want to do those things?
11:52
And they want to live in a world where the central bankers and
11:55
their ili's politicians. It's want to control every
11:58
single aspect of their lot of your life.
12:00
And these are the same people that are going to the biggest
12:04
concealing are Conference of the year, you know, the world
12:06
economic Forum, right? And you know, look at all the
12:09
madness that's coming out of there.
12:11
You'll own nothing be happy. That's just one right.
12:13
There's so many crazy ideas that are coming out of there.
12:17
You know, call me crazy. Maybe I want to live in a world
12:20
where no one controls the money, no one issues.
12:22
The monetary policy. There is no bill benevolent.
12:27
Bureaucracy that picks and choose what transactions are,
12:31
okay? What transactions are not, okay?
12:34
Right and what's never talked about are the unintended
12:37
consequences of that system, right?
12:39
If you live in Argentina, if you live in Venezuela just because
12:42
of the place that you happen to be born in, are you not entitled
12:46
to use money or to save to earn in a money that doesn't steal
12:50
from you? That doesn't have hyperinflation
12:52
because they don't have solutions to that their solution
12:55
is you know, hey We're going to be worried about Europe and
12:58
that's fine but bitcoiners are advocating for is a currency
13:02
that, you know, helps. Everyone equally all around the
13:05
world, it gives them the opportunity and the ability to
13:08
connect with the global global economy.
13:11
Right? So, I mean, look, I think she
13:15
it's almost as if she had the response prepared, right.
13:19
It's like people can't transact over 1,000 because of terrorism,
13:22
right, you know, and it seemed very well rehearse.
13:27
Hurst but I think the Freudian slip and the very, very
13:29
beginning and what I was paying attention to is that thousand
13:33
dollar limit and my memory was like, Hey, I've heard that
13:36
before when it came to the mica regulation.
13:39
Anyways dude this is a your ex-girlfriend is this R.
13:43
Is this why you broke up with her like what happened?
13:48
Yeah, I mean hey the humor is coming out of Chris broke up
13:51
with you today. Hey, hey, hey, no, tell her
13:54
Christy, you know, I'm not okay with 1000.
13:57
I want a thousand 420. Okay, I want a thousand for 20.
14:01
That's my line. Anything below that I can't deal
14:04
in and she's like, Opti, get out of here, get out of here up to
14:07
get that. Hey, you know, there are strings
14:11
attached to a sugar mama and a thousand dollars just wasn't
14:14
enough. Now in all seriousness, though,
14:18
in all seriousness, like, first and foremost, I didn't know that
14:22
this was an actual troll. I saw this from someone else and
14:24
they didn't mention that it was a comedian but it it definitely
14:28
felt like that especially at the very end, what do you say?
14:32
There's a rumor that there will be fireworks.
14:45
Talking about. I mean again it's very
14:50
disgusting to see maybe like behind the scenes of what the
14:53
powers that be what these, you know, Central planners think
14:56
about and talk about within themselves.
14:58
And she's keep saying the quiet part out loud.
15:00
You know the digital Euro will be controlled, it is a means to
15:03
control you and the thousand dollar threshold it like, it's
15:08
absolutely insane. What do we ask here on the show
15:10
every single day? Why are we being forced to use a
15:14
money that other people control? Why Anti-trans act freely with a
15:18
money that no one controls like it Tavares.
15:20
I think it's a very simple, simple question in a very simple
15:22
thing that that I think as the modern modern human, we all
15:27
believe that our money is free. That we are free to transact and
15:30
do what we want to in the world. Of course, Europe is a little
15:33
less free than us. So that's that's like kind of
15:36
their thing. They are, they are kind of
15:38
leaning towards a little more of the collectivist ideals, but I
15:44
think the most glaring aspect This is like I said in the
15:47
beginning, Christine lagarde's hubris and it's quite
15:49
disgusting. Like, these people feel like
15:51
it's their rightful duty to control your life.
15:54
I don't know about you, but like, I take personal offense to
15:57
this because I think I'm capable of controlling my own life like
16:00
this is what I try to do every single day is have sovereignty
16:03
over my own life. Like I can control my own
16:06
destiny. I don't need these Central
16:07
planners to tell me the best way to live.
16:09
I have a brain. I have a heart.
16:11
I think that I am, you know, trying to be Be as upstanding
16:16
human citizen, as I can be and these people over here.
16:20
These criminals convicted criminals telling us the best
16:23
way to act like the projection is at an all-time high.
16:27
And I think it just kind of goes back to what we keep saying that
16:30
they have lost control and they're scrambling for control.
16:34
And we are living in a new paradigm.
16:37
And this is due to bitcoin. This is because everyone is
16:39
taking their money into self. Custody opting out of the
16:42
madness building on a parallel system.
16:45
They don't control and furthermore that the internet
16:48
and social media has disintermediated, their control
16:51
over information. So in my opinion it's becoming
16:55
very obvious that, you know, they know they're lying.
16:59
We know that they're lying. We know they have no control
17:01
over anything anymore. And they are just scrambling to
17:04
find some sense of control in this modern world where they
17:08
literally can't do anything to us.
17:10
Like, I'm just lucky. I'm a big Corner.
17:12
My money is separate from this madness.
17:14
These people have no control over My money and hopefully your
17:17
money is in Bitcoin, in self custody and we can just laugh at
17:21
them because just think about the alternative if we didn't
17:24
have Bitcoin right now. Like this was the status quo.
17:27
These people literally think they have the rightful duty to
17:30
control every aspect of your life, like, to me.
17:33
That is absolutely disgusting. It is sickening.
17:36
It's insane. It really blows my mind that
17:38
this has been the status quo for what.
17:40
Hundreds, if not thousands of years of humanity.
17:43
And here we are at this precipice.
17:45
Of what the future for Humanity holds like, it is going to be a
17:50
brand new world. I was going to say A Brave New
17:52
World, but I don't want it. I don't want to lean into the
17:55
dystopian talk here. But what it, what it, what what
17:59
did the Quarry and the swan, boys, always say the bright
18:02
orange future like it really, really is a hopeful future for
18:06
everyone. Once you get on the Bitcoin
18:08
standard 100, 100 percent man and and, and bro, and look it.
18:13
I said it, you know, I hate to say it again.
18:15
N right? But you know if you're against
18:18
Bitcoin you're against Freedom. Like I hate saying it.
18:21
I feel weird saying it gets Bitcoin, you're against Freedom.
18:25
Oh man. But look if you are advocating
18:33
for what Christine Lagarde is advocating for like you want,
18:37
you know, a a, you know, either Central bankers and politicians
18:41
getting to dictate your life and what you can meant, you could
18:44
spend your money on what you can't.
18:45
Your money on and I look if history has shown, right?
18:52
No one deserves absolute power corrupts.
18:55
Absolutely. And what you're trying to say is
18:57
that a government that has the ability to implement social
19:02
controls. Via money is not going to do
19:04
that to control Society. Like I mean, look at what
19:08
happened in the u.s. even in the US with the Constitutional
19:10
protect protections. Right?
19:12
And First Amendment the government still Will tapped on
19:16
private companies like Twitter to censor certain types of
19:20
information. Are you telling me they're not
19:22
going to do the same thing with money?
19:24
They're not going to weaponize the money for political means,
19:27
like that's absurd, if you believe that, right?
19:30
Anyways. All right everybody.
19:32
Let's get some news. We got a lot to talk about this.
19:33
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20:12
Hi, everybody. We were talking about Jim Cramer
20:13
video in the very, very beginning and I have it for you
20:17
guys. And holy cow, is this guy.
20:20
He's the opposite signal, like whatever he says, just do the
20:23
exact opposite this clip is absolutely hysterical.
20:26
Let's check it out. Play all the cryptocurrencies,
20:30
it's been a tremendous scarcity value but why this one is going
20:32
to be, like, a bucking bronco without a saddle, a real Rodeo.
20:36
My fear is that there will be so much initial demand.
20:39
The stock will soar to a ridiculous level right from the
20:41
get-go and then because there's no lock up on Insider selling.
20:45
You can see the tidal wave a profit taking the triggers.
20:47
A massive cell similar to the slack directors.
20:50
Me a couple years ago, but that could create a fabulous buying
20:52
opportunity. As long as you're prepared to
20:54
humilate this one gradually. Now, I'd love it.
20:57
If you can get coin, Based on the low 300s around 10 times
21:00
sales, that seems unlikely. If you're willing to pay 15
21:03
times sales, not unreasonable. This is important 75 dollar
21:07
stock. That's the upper end of what.
21:09
I'd be willing to pay for a large position.
21:11
Still, you've got my blessing to put on a decent position at the
21:13
opening, maybe half of what you normally purchase in one go and
21:17
then buy more, but only if it comes in the bottom line, if you
21:22
like me, well, then you're a big believer in cryptocurrency and
21:26
you will want to own coinbase for the Long Haul.
21:28
Hoarsely by their own admission. This should be a ridiculously
21:31
volatile stock. So if you're patient, you could
21:33
eventually be able to get in at a good price.
21:36
I say by some tomorrow, ideally less important to be five
21:39
dollars but I accepted some has to be poor and then wait to buy
21:43
more own weakness and get ready for the bumpiest ride of your
21:46
financial life, a ride, I expect to be lucrative over the Long
21:51
Haul. All right.
21:55
Wait, wait, when did that are so let's let's let's let's see how
22:01
Jim Cramer's stock pick is doing so quick refresher, right?
22:05
He said on the, I wouldn't be willing to pay more than 475,
22:09
but you'll be lucky if you get 300.
22:14
So let's take a look at what the coinbase stock is today at $67.
22:21
And then the low is about 30. Thirtysomething 32.
22:25
So if you would have listened to you know, Jim Cramer absolutely
22:29
wrecked now. Okay, fine.
22:31
A lot of people are saying, okay Niko, it's bear Market.
22:34
What does it matter? Well, you have to remember the
22:39
vast majority of Queen based revenue is coming from Chicago
22:45
and trading. There's a Bloomberg articles.
22:47
As coinbase says, altcoins jump to a majority of trading and
22:50
quarter Bitcoin in theory, made up 60.
22:53
Percent of trading volume in the fourth quarter, the highest
22:55
percentage yet for the largest US crypto currency exchange.
22:59
Right. This is trading volume by coin,
23:02
right? And here it says other coins
23:04
right here and the vast majority of those other coins.
23:07
We all know their shit coins. If you add etherium on top of
23:10
that, right, it's literally more than 70, 80 percent.
23:14
So 80% of coin basis, revenue is coming from aetherium and other
23:17
shit coins. Only a very small minority is
23:21
coming from From Bitcoin. And now this was always the
23:26
story, right? You know, this has Q as q1 2021
23:30
Q2 Q3 2021 Q2 2021 q1 2021 and Q4 20-20-20 and it's actually
23:38
the Bitcoin volume is actually going down and the shit coin
23:41
volume is actually going up, right?
23:44
So their whole business is is you know is based on chicoine
23:48
every right to shit coin. Casino and you know we always we
23:52
always say. Simply Bitcoin, right?
23:54
If you do want to separate money from State, you need a
23:57
cryptocurrency. That is sufficiently
23:59
decentralized, because if it's not sufficient, sufficiently
24:02
decentralized, it will inevitably be co-opted by
24:04
government. And what we've seen, whether it
24:06
should coins like, etherium, where the founder of etherium
24:11
are me, go, she's on the sorry. She's on the foundation board,
24:14
right? With italic, she's sitting on
24:16
the world economic Forum, right? We saw one of the founders of
24:20
etherium, write a paper about how etherium could be used for.
24:23
Central Bank, digital currencies, they inevitably want
24:26
to Ally with government because that's their only hopes of
24:31
surviving the regulatory Onslaught.
24:34
We know that one of the founders of Bitcoin paid for a social
24:39
attack on bitcoin called cleaning up Bitcoin, right,
24:43
change the sorry, change the code, right?
24:45
We've all heard that before, right?
24:46
And this is the founder of Ripple, right?
24:49
So and then where have we also heard about how you need to
24:52
change the code? Because of the environmental
24:54
reasons, right? So it's interesting how the
24:56
incentives. Aligned a lot of the time
24:59
between you know these these these government social attacks
25:05
and the shit coin social attacks.
25:06
But what I find absolutely hilarious is the news that came
25:10
out recently and that's really what we're going to focus on is
25:13
coinbase gets SEC notice signaling intent to sue over
25:17
crypto offerings. Right so you know the inside
25:20
Bitcoin we all we already know how Gary Gensler.
25:23
He feels about Bitcoin here is a crypto slate article that you
25:27
know, that has a quote, right? So SEC.
25:29
Gary Gensler reiterated that Bitcoin is not a security but it
25:32
commodity under the commodity Futures Trading commission per
25:35
view, he also stated that quote, every everything else other than
25:39
Bitcoin is a security. So, what this article is talking
25:42
about is the SEC is suing coinbase for offering security
25:49
offerings, right? And if they're successful, even
25:52
though this is probably going to Slightly, it's going to take
25:54
ears. Coinbase has a tremendous amount
25:56
of lobbying power and DC. Brian Armstrong is constantly
26:00
posting pictures of himself in d.c., right?
26:02
So it's not like it's going to be a slow process.
26:05
This is going to take years in the quote in the court.
26:08
But if the SEC goes its way, coinbase overnight is going to
26:12
lose 70 to 80 percent of their revenue model.
26:15
And because why is that? Well, they base their future.
26:18
Their company on selling shit coins to to the public.
26:22
And if you go to their app, And stuff, right?
26:24
They they equate. A lot of these shit coins to
26:27
bitcoin and it's a tremendous Miss service, right?
26:30
It's like if you have, you know, if you know it's a shit coin
26:32
casino. So they're going to use all the
26:33
bells and whistles if you're going to put Bitcoin next to
26:36
aetherium next to cardano next to these things.
26:40
What is the what is the the person that's just getting into
26:43
the industry thinking, right? It's basic unit bias, right?
26:46
If you see Bitcoin, it's currently sitting at 28,000 557
26:51
they obviously they're not listing it in.
26:53
That's what are you going to think?
26:54
What's your first assumption to say?
26:56
I miss the Bitcoin train. I'm going to get aetherium.
27:00
I don't know what the price of the theorem is but you know I'm
27:03
going to get aetherium at what $500 $1000, whatever it is.
27:06
Or I'm going to get one of these other shit coin tokens where I
27:08
can get, you know, I can get it for sense, right?
27:11
It's like, oh, I haven't missed that right.
27:13
So you know, it's a tremendous disservice look, if we are going
27:16
to separate money from state which is what bitcoiners are
27:19
focusing on, this is a distraction, this is Ting from
27:23
what is actually happening, right?
27:26
Anyways, like there's the speculation in the crypto space
27:29
and then there's a separation of money and spit in it, money and
27:32
state which is what bitcoiners are really focused on anyways.
27:35
Coinbase Global said and said it received a notice from the SEC
27:39
formally declaring the Securities regulator plans to
27:41
bring an enforcement action against the largest crypto
27:44
Casino exchange, the latest development, in a long-running
27:47
dispute between the Watchdog and the digital assets company.
27:51
The stock slumped as much as 14% Pre-market trading on Thursday,
27:55
the SEC, get SEC chair. Gary Gensler has repeatedly said
27:58
many of the tokens and products offered by crypto companies are
28:00
securities not many. He said it right here in this
28:03
article, he believes that everything else.
28:06
Other than Bitcoin is so everything else other than
28:09
Bitcoin is a security. So it's not just other many
28:12
other tokens, it's every other token, These Warnings ramped up
28:16
after the collapse of several predominant companies.
28:18
Last year including Sam Bank been frauds FTX left investors
28:23
face In billions of dollars of losses and is separate action on
28:25
Wednesday. The SEC sued crypto Mogul,
28:28
Justin son for allegedly violating security rules
28:31
coinbase in a filing Wednesday said, the so-called Wells notice
28:34
has to do with aspects of its exchange including an undefined
28:37
segment of it's listed digital assets as well as to staking
28:41
service coinbase earn and coinbase wallet.
28:44
A Wells notice comes at the end of an investigation and
28:46
companies are given time to reboot the agency's allegations,
28:49
they often but don't always lead to enforcement actions either.
28:53
Lawsuits are settlements and finds at the same time, not
28:56
every potential issue. Identified, in the note, is
28:58
needs to be a part of an eventual action.
29:00
So coinbase said, its products and services will continue to
29:04
operate as usual for now. Quote, we are prepared for this
29:08
disappointing outcome and we're confident in the legality of our
29:11
assets and services. Quote, if needed we welcome a
29:14
legal process to provide the clarity, we have been advocating
29:17
for and to demonstrate that the SEC simply has not been fair or
29:20
right, reasonable when it comes to its engagement.
29:23
Anton digital assets, what I mean, bro?
29:25
If the vast majority of of your cash flow is coming from shit,
29:29
coin, trading and yield whatever I would say that to write trying
29:34
to justify the shh coronary. Here's a, here's a quote from a,
29:38
from a brine Armstrong thread yesterday.
29:40
He goes on to say while we understand that this is part of
29:42
the journey to reforming our financial system, we are right
29:46
on the law, confident in the facts and welcoming welcome, the
29:49
opportunity for coinbase to get before a court the crypto
29:52
industry. Been rattled by the uptick in
29:54
SEC enforcement action since the beginning of the year including
29:57
a settlement with coinbase rival Kraken and a Wells notice to
30:01
paxos alleging that the finance USD stable coin, IT issues is an
30:06
unregistered security. So look I think that this is a
30:10
combination of things. I think this is Gary Gensler,
30:12
you know, obviously he's, you know, he's a fan of Bitcoin and
30:16
again that's just what my observations are telling me is
30:20
obviously not a fan of crypto. I'm sure that, you know, the
30:23
SBF, blow up, FTX blow up, how to do a part with it.
30:26
And then more importantly, we also know how to bind an
30:29
Administration feels about the industry as well.
30:31
So I suspect it's, you know, it's a combination of things.
30:35
But man, if the SEC goes its way, like dude, a coin basis in
30:40
trouble, they built their business on selling shit coins
30:43
and now now, it's proven because there's multiple Bitcoin, only
30:49
exchanges that have proven the fact that you can build a
30:51
company, a successful You profitable company around just
30:55
selling Bitcoin, right? So you can't you know, because I
30:57
was one of the excuses that we always heard earlier on, right?
31:00
It's like, look, we had to implement.
31:02
We had to include shit coins because that was the only way
31:06
that we are going to be remain profitable as a company that's
31:08
been proven wrong. Now, coinbase has to, you know,
31:10
has to live by, you know, the shit grave that it dug itself,
31:14
man. You know, it has to live by it.
31:16
Now, again, I said in the very beginning of the show, I'm not a
31:19
fan of the government, picking winners and losers.
31:23
I think that it should be up to people, I think it should be a
31:26
should, it should be an individual taking personal
31:28
responsibility over his life on picking, and choosing what they
31:32
want to do with their money if they want to buy shit, you know?
31:35
So be it. That's not my problem.
31:36
Anyways, dude, this is a this is absolutely crazy.
31:41
What do you think, Opti? Well, first off the shirt last
31:44
name they want to buy shit by all means you can buy the
31:48
dookie. Anyways, I wouldn't want to be a
31:51
shit corner right now. You know, I wouldn't Want to be
31:53
holding unregistered Securities right now, which is your shit
31:56
coin. I'm just glad I'm a bit Corner
31:58
again. I think I say it all the time.
32:00
We just get to watch the fireworks and hold the popcorn.
32:03
But man, the inverse Cramer is just undefeated, like, I just
32:07
would not want Kramer to talk about my company, or, you know,
32:10
I think he's out there been talking about Bitcoin lately,
32:12
but it's still like, man, everything he endorses just goes
32:17
down the drain. It's almost like, it's almost
32:20
like it's plan, man. Uh-huh.
32:22
Anyways, you know, No. I again like you said, I hate to
32:26
see the government pick winners and losers but coinbase and
32:29
Brian Armstrong have acted like enemies for Bitcoin, a Bitcoin,
32:33
for a long time. So I think this is the perfect
32:36
moment to be saying to you guys. Do not use coinbase, you know,
32:39
delete coinbase. I just I'm just reminded of when
32:46
I came into Bitcoin space in 2017 and you kind of brought it
32:49
up to like the unit biased of when you, when you first jump
32:52
into the space, I coinbase was the only option.
32:55
And I remember that that very, very real moment where I looked
32:59
at Bitcoin and I saw the other shit coined on their platform
33:02
like, oh well look, these are so cheap.
33:04
I should probably buy some of these and man I just I would
33:07
have saved myself a lot of headaches.
33:08
If there was an option to just only be Bitcoin only on their
33:12
platform from the But hey, you know, I had to, I had to feel
33:17
the pain to get to this point, but anyways, to one of the
33:20
points you brought up the tweet and I'm glad you brought it up
33:22
because I was going to mention that anyways.
33:25
It's very interesting if you look at Brian Armstrong's
33:28
perspective because he keeps saying like coinbase and Brian
33:33
Armstrong and crypto, they want to integrate and reform the
33:37
financial world, the Fiat Legacy system whereas like us as
33:41
bitcoiners. I hate.
33:43
Being like the Nile is Big Corners, like let it all burn
33:46
and and Will Rise Up From the Ashes.
33:48
But that's pretty much what Bitcoin is like.
33:49
We want to fundamentally obsolete, the Fiat system and
33:54
rebuild it in a better way. And this is what Bitcoin is,
33:56
it's on about reforming and, you know, updating the Fiat system,
34:00
it's because it's fundamentally broken, the Fiat system is
34:03
rigged and designed to work against you.
34:05
It is designed to profit the Insiders off the backs of the
34:10
masses. Like there's no reforming the
34:12
Fiat system. I'm the Fiat system is
34:14
fundamentally broken. It is rigged against you and
34:17
there is no hope for it. So I don't believe in
34:20
integrating and reforming the system from the inside out.
34:23
Like this is why we Bitcoin is, because the Fiat system is broke
34:28
it. So let's not recreate Fiat
34:30
things with Bitcoin or else. We'll find ourselves in the same
34:33
situation again in a few years, like Bitcoin allows for new ways
34:37
of thinking, new business models, and it's going to take
34:39
Bitcoin entrepreneurs, real Bitcoin, entrepreneurs to make
34:42
it happen. And so this is kind of one of
34:45
those moments where I think as a bit Corner Bitcoin, only show it
34:49
is. I hate doing the like I told you
34:51
so, but shit Corners, we've been telling you this for a long time
34:55
and calling base. Again, if coinbase went down, I
34:58
think that would would be detrimental for all of the space
35:01
because they have been basically one of the front facing, you
35:05
know, Bitcoin shit, coin, crypto companies.
35:08
And so it would definitely do a lot of damage but I mean, hey
35:12
they have made Their bed and they will have to lie in it.
35:15
And they base their business model on Alton.
35:19
Yeah. Exactly.
35:20
Literally better than I could have said it, you know, a faulty
35:22
business model and that is selling shit coin.
35:25
So you know the unit byte is not to not to not to mention the
35:29
moral hazard, right? It's like you're selling
35:31
something that you note look. Brian Armstrong has been here
35:34
for a very long time okay he knows exactly what the deal is
35:38
right. So he's selling something that
35:40
he knows you know, a lot of these shit coin All of these shh
35:44
coins, right? They never recover towards
35:46
Bitcoin, right against Bitcoin, right?
35:47
So he's, he know, he must know that he is selling something
35:52
that isn't going to. It's not going to help people in
35:55
the long run. And I think that dude like
35:57
there's, there's an Ethics question there, there's an
35:59
Ethics problem there. Now, let's see how this plays
36:02
out. I think this is going to take
36:04
years in court. I don't think it's gonna be a
36:06
fast one, but if the SEC is successful and Gary, Gensler
36:10
gets its way, man, coin basis in a very Very very, very dark
36:15
times, man, they're losing 40 to 60 more than no more than 60 70
36:19
% of the revenue, man. Like literally, anyways,
36:22
everybody we always talk about Bitcoin and the peaceful
36:26
Revolution. Well look you obviously want to
36:30
partake in it but the only way that you're going to benefit
36:33
from it is if you and your Bitcoin seed, make it over the
36:37
Finish Line intact and it's not going to do that.
36:40
If you put your seed on paper, you definitely want to put your
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it. Then the bit plates Domino
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38:14
questions. You might you guys might have.
38:16
Anyways, Opti, I'm excited, bro. So Opti always calls themself
38:21
you know, it was a high-level dumb brother.
38:24
High-level dumbs can't write do particles.
38:26
So once again, I think are Opti selling himself short, anyway, I
38:31
like to underestimate myself for so, you know, keep keep the keep
38:36
the expectations low so that I surprise people on the back end.
38:40
Okay. But yeah, to Niko's point, like
38:43
I said, in the beginning I went and met up with some Bitcoin
38:46
friend. I like to call them, my Bitcoin
38:48
family. I feel like they're going to be
38:50
my friend for life and it's basically because of Bitcoin.
38:54
And I was having this conversation.
38:56
I was talking shop with my friend and we kind of we're
39:01
talking about a lot of the things that we talk about here
39:03
on the show and I was doing my outline this morning of what I
39:06
wanted to talk about right here and it, Just kind of like turned
39:09
into white like this is an article already so I just put it
39:12
up on the on our sub stack simply Bitcoin dot news and you
39:15
guys can go read it. I'm going to kind of give you
39:17
the SparkNotes of it, but it's basically back to what I
39:21
continuously, tell you guys on here and I get, I titled this
39:25
things. I realized with my Bitcoin
39:26
family and the first thing that I realized we had a friend come
39:30
into town and it really made me realize the importance of
39:34
building a local community out there.
39:36
Like, if you are the lone big Winner.
39:39
It's very lonely and then once you build up a bunch of
39:43
bitcoiners around you you know maybe it's a meeting maybe it's
39:46
just hanging out with another Bitcoin.
39:47
ER maybe it's building a Bitcoin, family yourself like
39:51
especially where we're at right now in this financial crisis
39:54
where we find ourselves in the middle of as the saying goes you
39:57
know knowing your neighbor to ask for a cup of sugar is super
40:00
important and I've personally experienced this in my life.
40:03
I literally, you know, like met Nico, this is how we are doing
40:07
what we're doing here. I In a new city, doing a new
40:09
job, creating a new life. Because I've leaned into the
40:12
opportunity and it's because I've surrounded myself with
40:15
other bitcoiners. So this is like the call of
40:17
action where you need to surround yourself with Bitcoin
40:20
or two because my friend came into town, and he basically said
40:23
the same thing that I'm going to tell you guys right now, like
40:27
the, the amount of refreshing conversation, you have with
40:32
someone that gets it, it really will rebalance and Center your
40:35
life because if you're the alone, Bitcoin Ur in your A man,
40:39
it gets lonely. You you start to doubt yourself,
40:42
you start to wonder whether you are correct, but when you're
40:45
around other bitcoiners, it's just a breath of fresh air.
40:47
You're just like, oh my God, I'm not alone.
40:48
Someone else gets it. I can, I can, you know, be me
40:52
unapologetically be me and I can start building stuff and
40:56
building a community with other like-minded individuals.
40:59
And as the saying, goes, your network or your net worth is
41:02
your network. So you need to build a strong
41:05
foundation around you, whether it is going to local meat.
41:08
As well as creating a local Meetup or just hanging out with
41:11
other bitcoiners. Like I cannot stress the
41:14
importance of surrounding yourself with like-minded
41:17
individuals. And this is kind of the call of
41:19
action. I know bitcoiners are very big
41:21
on their opsec and they're terrified to take these
41:24
relationships off the internet, but I think it's very important
41:28
to take your relationship off the internet Mingo in real life.
41:32
You don't have to be friends with every Bitcoin or but I'm
41:34
almost positive that some of the people you are talking to
41:37
online. If you haven't met them, they
41:39
will be your friend for the rest of your life.
41:41
And you guys will build a community around you that you
41:45
want to have forever. And I think this is part of this
41:48
whole creating a parallel system.
41:50
Parallel monetary system is building your local community up
41:55
so that you guys Prosper, no matter what is going on around
41:58
you. You have people you can depend
42:00
on and that will make you better.
42:02
That hold you responsible to you being the best version of
42:05
yourself. So again you can go read this.
42:08
And I'm not covering everything. I'm kind of giving us a spark
42:11
notes. But anyways, the next thing,
42:13
while talking shop with my friend, Joe Rogers, who works at
42:16
Bitcoin magazine on the physical Zine, we touched on something
42:19
that we've been kind of talking about Loosely over here, and
42:22
it's the importance of branching out to other groups that aren't
42:25
necessarily bitcoiners. But they have similar
42:27
worldviews, like, you guys are having other Hobbies.
42:30
You guys do other things than, besides talking about Bitcoin.
42:33
You guys have other skills. And I think it's very important
42:37
for us to Branch out of Ra Chamber.
42:38
I think I say this every single day, like people out there are
42:43
searching for Solutions. I feel that everyone is kind of
42:46
waking up to the idea that there's something wrong in the
42:50
world. And most people most healthy
42:52
individuals are open to solutions.
42:54
They don't just want to complain.
42:55
They actually want to fix things and we have the solution guys.
42:59
So this is my call to action for you guys of the branch out of
43:02
just a Bitcoin Echo chamber, whatever you do, whatever you're
43:05
into spread the Bitcoin signal to Everyone around you.
43:09
And the point here is though, like don't be insufferable, you
43:13
know, I know bitcoiners we always say like the Bitcoin
43:15
fixes this, and we, and we push the Bitcoin fixes this and every
43:18
little square inch of the conversation any dead space
43:21
where, like Bitcoin fixes this, like be informative, Beyond his
43:24
be charismatic but also why you're doing it like be
43:27
compassionate, look good dress, good groom yourself.
43:30
Like don't smell, you know, get yourself fit because your
43:33
message comes across a lot more profound.
43:36
If you are someone that people Be what do I say be the shining
43:40
example of being a Bitcoin? Or like people, notice the
43:42
little things guys, and this does affect the message of being
43:45
a bit Corner. Look, I understand something
43:48
very clearly Bitcoin is still looked at as Internet nerd money
43:52
and hey, for better or worse. This is where we are right now.
43:56
So this is where I come into on my next point.
43:59
It's like make Bitcoin cool guys.
44:01
And this is a very like esoteric that there's no, I don't really
44:04
have actionable advice here because we are trying to do this
44:07
in real time. Time and we're trying to
44:09
understand exactly how to get this message out to a lot more
44:12
people. And part of that is, I can't
44:15
think of anything cooler than Bitcoin.
44:17
Like a way to save your future Prosperity a way to save
44:20
Humanity, like Bitcoin may seem boring again.
44:24
It's internet nerd money but what's the saying opportunity is
44:27
missed by most people? Because it is dressed in
44:30
overalls and looks like hard work and we have the opportunity
44:32
to build generational wealth, guys like provide the value
44:35
saving Bitcoin bid, build skills to increase your sat flow.
44:38
Like achieve build overcome, we have the power to create our
44:42
destiny today and it just it's going to take hard work.
44:46
And to me, I can't think of anything more cool than
44:50
recreating a better world. Like to me, this is what gets me
44:53
up in the morning, this is what gets me.
44:54
Excited is like Bitcoin doesn't have the glitz and glamour of
44:58
the get-rich-quick schemes of the shit coins out there.
45:01
But in this uncertain time, what do we say all the time having
45:05
something as certain as Bitcoins monetary policy So I think will
45:09
resonate with a lot of people out there and spreading that two
45:13
more people is what I've dedicated my life to.
45:17
And what I think all of you have dedicated your life to as well
45:21
because it's changed. You and what do people want to
45:23
live? They want to live a good life.
45:24
They do, you know, they want to live the best life possible and
45:27
to me what is cooler than Bitcoin.
45:30
Like freedom is cool, living. A good life.
45:32
Is cool. Becoming a sovereign individual
45:34
is cool. And more people need to know
45:36
about this, like go forth. Read the signal out there
45:39
because the world still doesn't get it.
45:41
That we have the solutions, every generation, every era
45:46
wanted to change the world and they didn't have the tools.
45:50
Well we have the tools, it's called Bitcoin and I can't think
45:52
of anything cooler than that. So whatever you're into just add
45:56
Bitcoin. On top of it, go out there
45:58
mingle with other people. Be a good human.
46:01
I know rough concept, very profound, just be a good human
46:06
out there spread the Bitcoin signal live a good Good life and
46:09
this will spread out everywhere or hey if you just want to be a
46:13
Herman on the Internet by all means, I'm not telling you what
46:16
to do. I'm just saying I think we are
46:20
missing an opportunity as bitcoiners to not spread this as
46:24
far and as wide as possible. By being a shining example of
46:28
being a good human in Bitcoin allows us for us guys like
46:31
Bitcoin allows us the opportunity to build for a
46:34
future that we actually want to live that we actually want to
46:38
chill. Odin to live in and all it's
46:39
really going to take is for you to save and Bitcoin, take
46:42
Bitcoin into self, custody become the best version of
46:44
yourself. And personally I can't think of
46:47
anything cooler than that. But hey I understand not
46:50
everyone's like me. So do what you think is cool add
46:54
Bitcoin on top of it and everyone will become a big
46:57
Corner in short order. This is the way spread the
47:01
signal people are wanting this solution and we have the
47:06
solution. So You know, I think it's a
47:09
missed opportunity for us to squabble around certain nuances.
47:14
We have, we have big fish to fry here.
47:16
The powers that be are coming after us consistently every
47:19
single day and I think just being a good human is the best
47:24
way to spread the Bitcoin signal.
47:26
People want this. People need this in life and we
47:30
have it guys so just double down.
47:32
Build a community around you become the best version of
47:35
yourself, spread the Bitcoin signal around.
47:38
And to other people. But also, hey, maybe just think
47:40
about not dropping the b word for a little bit.
47:43
You know, incept these ideas as people leaving questions, get
47:47
them thinking of why you Bitcoin because I have what's the
47:52
question, we asked her every single day.
47:54
Why are we being forced to use a money that is designed to steal
47:57
from us? Why are we being forced to use a
47:59
money that someone a small group of people control?
48:01
I think just asking these simple questions, people will wake up
48:05
to the idea that holy shit. I need hold some Bitcoin.
48:10
And if I want to prosper in this time, I need to hold something
48:15
as certain as Bitcoin. So I hope I've inspired you a
48:20
little bit. Get out there, get in touch with
48:23
bitcoiners build yourself a little bit coin, family.
48:25
Like I have these people around me, like Nico included.
48:28
We are building a business. I have friends that I know are
48:31
going to be my friends for the rest of my life.
48:33
And we are on this Mission together.
48:36
What's the saying? You will, you are stronger in a
48:39
group of like-minded individuals than you are as the Lone Wolf,
48:43
you are never going to get anything done.
48:44
As the Lone Wolf, you need to build a community of like-minded
48:48
individuals, build up your network as we Prosper going into
48:53
the late 2020s. So, we have this greatest
48:57
opportunity in my opinion, to live, literally whatever your
49:01
dreams are. If that's not cool to you, I
49:04
don't know what it is man. This is why I'm optimistic.
49:07
This is why I'm Optimistic about the future because I have
49:10
Bitcoin and I have this opportunity and we are acting on
49:14
it in real time and I don't know about you guys but my life is
49:17
only getting better so I hope yours is too.
49:20
Anyways, Nico Branch over. I hope you guys go read this on
49:23
simply Bitcoin dot news II barely just touch the surface.
49:27
I kind of just ranted off the Riff.
49:29
Anyway so yeah man, some Corners.
49:31
Yeah dude opt, he's got to write up these going to write more
49:35
obvious. Got to write more articles, man.
49:37
The the Last part that you said, I kind of want to touch on right
49:40
where you said that my life is just getting better.
49:43
And I want to focus on that nbk's handle the CEO of coin.
49:48
Kite makes the cold card, it sticks with me and his handle is
49:53
deterministic optimism and tie this in with Opti, and if you
49:59
think about like why, that is right, When you're living on a
50:05
currency, that is deflationary nature, your savings and
50:10
purchasing your savings and purchasing power grow over time,
50:14
right? Most people don't aren't
50:17
experiencing that. Most people are experiencing an
50:21
inflationary mindset where their earnings, their, their savings
50:26
gets diluted because they're earning in a money that the
50:30
government could just print out of thin air to pay.
50:33
Wars to pay for social programs. You might not necessarily agree
50:37
with and Bitcoin is a protest against that, and once you adopt
50:42
a Bitcoin mindset, like CK said it best, right?
50:44
Once you change your operating system, your whole perspective
50:49
of the world changes completely and to touch up on like, what to
50:53
touch on something else that Opti was saying was What happens
51:00
when you change your operating system is that all of a sudden?
51:03
You don't really relate to a lot of people that haven't made that
51:07
conversion yet. So it's important because I
51:10
think a lot of bitcoiners live on the internet, right?
51:13
It's important to get into your local communities, your local
51:17
Bitcoin communities and really have that face-to-face, you
51:22
know, in-person interaction because there are other people
51:26
like you. There are other people.
51:28
That think the way you do you're not alone in this fight and our
51:32
army Grows by the day and their people using their system
51:38
decreases by the day as more and more people wake up to the
51:42
reality. That money doesn't need to steal
51:45
from you to work. And that is what we fight for
51:49
that is what we're trying to awaken people to that reality
51:53
that new reality. And I truly believe, right?
51:57
That when people wake up to this, You know, Opti touched
52:00
upon it earlier, right? Corey says it, the bright orange
52:03
future. I think that is what we're
52:05
heading towards, but the powers that be the established players
52:10
are going to do everything they can to try to slow down.
52:14
This peaceful Revolution to slow down the adoption of Bitcoin and
52:18
you heard Christine Lagarde. You heard that's what we played
52:21
in the very very beginning. It's that that's the Mana.
52:25
That's the that's the system you want to use or it's Bitcoin.
52:28
Those are your two options. This old cash thing that you're
52:32
using with the bank and whatever that's going away, it's going
52:35
straight to see bdcs, right? The u.s. just they just
52:39
announced that they're going to have the FED now system ready in
52:42
July, right? So it's that system or as
52:45
Bitcoin and it's up to you the individual to choose how you
52:49
want to live and what you want, what money you want your family
52:53
to be using and saving it anyways, everybody, let's get to
52:56
the mean review. I'm sure opt he's found.
52:59
A bunch of good ones. Let's check it out.
53:03
The daily meme review brought to you by Kaboom racks.
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Kaboom, I'm glad you did. Glad you did it.
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Hi, guys, this is your favorite portion of the show where we
53:38
cover and review your memes. So, continue to tag Us in the
53:42
memes, continue to drop the memes in our telegram group, we
53:45
are in an information war and you guys are the Frontline
53:49
soldiers, continue to get the Bitcoin message in any way
53:53
possible out there. Tweet to the bullets, memes are
53:55
the artillery and we need to continue to put truth in art.
53:59
We To continue to ridicule. The masses are not the masses,
54:03
the, the, the central planners, the corporate press.
54:08
Because hey, what do they have on their side?
54:10
They have the trillion dollar campaign of memes against you.
54:14
So continue to put truth in art. Continue really the most
54:18
important part, though. I think is getting not only the
54:21
truth in our. But getting the calls of
54:22
actions, I'd like to see more calls of actions in the memes.
54:26
Basically, telling people to stack SATs, you know, the
54:29
pushing. The wallets and the tools that
54:31
we want and I do have a few of them in here, Loki Loki.
54:35
Anyways. This first meme is by a pleb
54:39
underscore world, and I really felt this one because me and
54:43
Nico kind of joked that every Bitcoin has become a macro
54:46
analyst lately. And we were kind of talking
54:47
about it yesterday and everyone's so focused on what
54:50
Jay Powell is doing and as a Bitcoin ER, like we don't have
54:54
to do this. I know I know the the FED
54:57
interest rates the hiking's and everything Are doing does affect
55:01
the world but as a Bitcoin ER we're really unaffected.
55:04
Yes, you know, it's going to affect the Bitcoin price here
55:07
and there. But in the long run, we know
55:09
what the Bitcoin price is going, it's going upwards.
55:10
Anyways, back to the meme, this by pleb world and he goes
55:14
breaking fed hikes interest rates, 25 Bishops, and we got
55:17
Squidward sunning with his Bitcoin sunglasses on and he
55:21
looks is a raise at 25. Yeah, whatever.
55:24
Put some back on continues to sunbae this is I feel like the
55:28
Bitcoin energy You just Stacks ads and stay humble this next
55:32
one. Again, I know I know you may be
55:35
thinking I'm being hypocritical because I'm dunking on Jay
55:37
Powell and continuously adjusting dunking on the Federal
55:40
Reserve meeting. But anyways, this next meme is
55:43
by macro minutes and he just goes hashtag fomc and we got
55:47
someone that is hitting two buttons on the soda fountain
55:51
machine and the hand is Jerome, Powell this week.
55:55
And on the left side we have shrink balance sheet soda and on
55:59
the right side we have We have expand balance sheet soda, which
56:03
one is it? Jay Powell, are you shrinking?
56:05
The balance sheet? Are you expanding the balance
56:07
sheet? It's almost like he's doing both
56:09
at the same time. I wonder how this is gonna
56:11
affect the monetary policy of the world.
56:15
It's not looking good anyways. It's next.
56:17
One is by our friend, Austin Herbert, who was on the show.
56:20
I think it was last week, every show is just one big blur at
56:23
this point and he goes. The banks were too big to fail.
56:26
Now, Bitcoin is too big to fail and we got the classic meme of
56:30
The guy bending down with the peace sign over the dead body
56:33
over the tombstone and the guy is the Bitcoin logo and the
56:37
tombstone is the banking system Bitcoin just stays winning.
56:41
It's too big to fail at this point.
56:43
Good luck trying to kill Bitcoin.
56:44
Good luck telling us not to run our nodes.
56:48
This next one is by my buddy want to kiss under the BTC
56:53
kindergarten account, creator of open-source memes.
56:57
And I asked him, what is this your mirrored you stealing?
57:00
He just responded open-source memes.
57:01
It's a good meme. Whoever made this one shouts out
57:04
to you and it is a bank teller and it goes welcome to the UBS
57:08
Credit. Suisse SV B.
57:10
JP Morgan, Chase Citigroup Wells Fargo HSBC Lloyd's Barclays Bank
57:15
of America. Japan, China and Europe
57:17
Incorporated, how may? I help you if you don't get the
57:20
meme. It is because every little small
57:23
bank is going to get Consolidated into the big four
57:27
Banks. And we are going to be left with
57:29
just Giant Banks. It's almost like it's fine this
57:33
way. Anyways, this next meme is by my
57:34
buddy Jimbo coin AKA Jimbo, the consensual list on Twitter and I
57:40
really like this one again, this is a tweet and he goes breaking
57:43
despite turmoil and Legacy Fiat, Bitcoin, note, operators
57:46
unanimously, agree to cut block, subsidy next year.
57:49
Exactly on schedule. Oh my goodness.
57:53
This is why you run a node, you don't have a small group of
57:56
people messing with the monetary Supply.
57:57
It is almost like we know what is going to happen.
58:00
Open in the future neutral money, that no one can f with.
58:03
Anyways, this next one is by Maxis club and it just goes 27
58:07
and this is part of what I was telling you about putting the
58:11
freedom tools in the meme. So that more people know what to
58:14
use and how to use them. And we got a Pepe, the Frog
58:18
Bitcoin. ER, and he goes how I feel when
58:20
I check my bank account and he looks broke using a broke room.
58:25
His bed barely holding together. As couch is barely holding
58:28
together and then on the bottom, it goes.
58:30
I feel when I check my Bitcoin wallet and everything, sparkly,
58:33
and gold and on the computer it's got Sparrow wallet logo on
58:36
it. This is this is the way your
58:38
bank account should have a Fiat in it.
58:42
If your Bitcoin wallet should be growing every single day with
58:46
more shots. I felt this one shot that the
58:49
Maxis Club. This next one is by at Raj hot
58:51
on it goes it's always has been Bitcoin season and we got a
58:57
picture here from Harry Potter and We got Harry over here as
59:01
shit corner. And I forget what the redhead
59:03
guy, friends name is and it says no corner and then at the bottom
59:07
we have Tom from Tom and Jerry on.
59:10
I think it's a rocket and it's bitcoiners with laser eyes.
59:13
We are coming for all the shit corners and no corners just by
59:16
winning continuously winning. All right, thing stays winning
59:20
Blow The Conch days winning. Its next one is by an ill side.
59:25
So sorry bro. Up you can't speak, I apologize.
59:30
This one, this one's a little more, you know, in-depth.
59:33
But he just puts a tweet and he goes the printing, press ended.
59:36
The Catholic Church Monopoly on knowledge creation, Bitcoin
59:39
ended, the federal reserve's manal Monopoly on money creation
59:43
and we got a picture of the printing press, and this is just
59:47
what we continuously say on the show, you know, you don't have
59:50
to partake in the madness. That is the central bank money
59:54
that I owe use the debt based monetary system, we have an
59:58
equity based system, That is Bitcoin, boom.
1:00:01
It is almost like it is the best money in the world.
1:00:04
Anyways, dropping mean review score in the chat as we hear
1:00:08
them live. Yeah.
1:00:09
Before we give our meme scores guys check out audio version of
1:00:12
this show. Anchor Spotify Apple Fountain.
1:00:14
If you're on the go you could you can listen to Simply
1:00:17
Bitcoin, wait wait wait wait wait, what is this?
1:00:22
WOW, wine stealing your memes? Okay, I'm in a haircutting
1:00:28
scissor is that is how you trim the beard.
1:00:35
No, I go to a barber, he doesn't trim the beard, okay.
1:00:38
Alright, my mean review score for today is the new Bitcoin man
1:00:44
broke issue with Sam bakeman fraud as a pig on.
1:00:49
It's a, it's an ugly one. It's an ugly one because of the
1:00:52
cause of the the the SBA they did it on purpose and they did a
1:00:56
great job but they killed it. Killed it.
1:00:58
If I saw that at night, I would I would jump In Terror.
1:01:03
It's a jump in Terror. Yeah dude they're other Zine
1:01:06
covers are so beautiful and they wouldn't they put SPF on front
1:01:10
I'm like oh man. Okay anyways everybody also
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check out our clothing sponsor represent LTD check it out they
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1:01:38
All right everybody, so let's get to it, but first that's not
1:01:43
the music. Alright, alright.
1:01:48
Alright, bear with me. There we go.
1:01:52
Take the ride. I give the memes a yellow bowl.
1:01:55
Cut out of a. No, no, no yelling.
1:02:04
My score, my happy and secure Bitcoin life setting an example
1:02:08
of how Bitcoin is the way. All right.
1:02:11
Next one. Perfect, perfect.
1:02:14
Where is, where is the next one? Mr. Rate, the memes on one
1:02:17
peer-to-peer one peer-to-peer transaction.
1:02:20
Ethics changes. Very, very nice.
1:02:23
Next one, the pain man, man. I give those memes, Chrissy, and
1:02:27
again suit all my shopping. Actually I'm sorry.
1:02:52
I haven't I haven't hit him in the DMZ had so rope.
1:02:54
This is the open invitation for you coming on the show.
1:02:58
Alright wait one more one more we go.
1:02:59
One last one more Nigel I give the memes a stainless steel seed
1:03:04
plate. Reed.
1:03:05
And the garden. Very, very nice.
1:03:07
Very, very nice. All right, guys, thank you so
1:03:11
much for tuning in to another episode of Simply Bitcoin live.
1:03:14
We appreciate your guys support, we'd love it, in fact and we
1:03:18
wouldn't be here without you all.
1:03:20
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In fact, we love all you guys. Thank you so much for tuning in
1:03:29
to another episode of Simply Bitcoin.
1:03:30
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1:03:48
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1:03:50
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