Latest / Simply Bitcoin / Can El Salvador's Bitcoin Law Survive Bukele Losing 2024? | EP 540

Transcript

Can El Salvador's Bitcoin Law Survive Bukele Losing 2024? | EP 540 · Simply Bitcoin

0:18
Yo welcome to the second simply Bitcoin live.
0:23
I think this is what we're going to be doing for the future of
0:25
the show. It's a lot more fun.
0:28
There's a lot more audience interaction, it's just a better
0:30
experience for us overall. Anyways, today we have a super
0:35
special guest. We have Wicked smart Bitcoin,
0:39
how you doing, buddy? Hey man, how's it going?
0:42
I'm doing well. Awesome, dude.
0:44
Happy to have you join us and of My awesome co-hosts.
0:50
The legendary Optimus Fields? What's up, dude?
0:53
What's up Nico? What's up, Lep's?
0:55
We are here we are live and like I told you yesterday.
0:58
I'm BK. I didn't do my hair, but shout
1:00
out to be TC sessions because I'm wearing the hoodie to cover
1:03
up my bad hair. Dude.
1:04
We gotta, we gotta find out what Ben does his hair to make it so
1:09
so awesome. I'm gonna ask him next time I
1:11
see him. We shouldn't let him know.
1:14
You know, Wicked. Maybe.
1:20
Anyways guys, we have a very special show lined up for you
1:23
guys. Today, we're going to talk about
1:25
the recession. We're going to talk about.
1:27
Well it's not officially recession, I guess if you listen
1:30
to the new speak, we're going to talk about the big, the bouquet
1:34
lay Bitcoin Bond situation. We got a hell of a show lined
1:38
up. I'm super excited.
1:40
Anyway Opti, let's go to the numbers, bro.
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All right, let's get to it. Let's get to the numbers.
2:13
First, let me pull them up. Here we go at the time of
2:17
recording bitcoin price. Look a little bump up, I like
2:20
that 23 thousand, eight hundred and sixty dollars.
2:23
That's per dollar 4190 one Bitcoin held in corporate
2:28
treasuries 1 million 490 1338, block height 746,000 959,
2:37
reachable Bitcoin nodes, 15,000 amount of the Bitcoin percentage
2:42
issued ninety Point ninety eight percent Aunt blocks to the
2:45
having 90 3041, having estimate that date.
2:50
Could not come any sooner? April 19-20, 24 block, subsidy
2:55
value, 140 9219 block, subsidy 6.25 Bitcoin.
3:04
Of course that number gets cut in half when the having gets
3:07
here, which I'm really excited for anyways.
3:10
So today we're going to talk about our favorite Senator as
3:14
Bitcoin. There's the infamous, Elizabeth
3:16
Warren. Let's let's let's cover this
3:18
clown World, shall we yesterday? Elizabeth Warren went on CNBC
3:23
and she released this press release.
3:26
Look, even an op-ed in the Wall Street Journal, Senator Warren
3:29
and Wall Street Journal. Op-ed the feds aggressive
3:32
interest rate hikes risk. Triggering a recession calls on
3:37
Congress to do its part to fight inflation.
3:39
Hold on a second. So Elizabeth Warren gets upset
3:44
because the FED is trying to fight inflation which is why
3:49
there. Raising the rates right.
3:53
But then right she wants them not to do that.
3:57
But at the same time she calls on Congress to do its part to
4:02
fight inflation. So many contradictions there, I
4:06
don't understand. And it's not over this morning.
4:09
I saw this trending and I you know, I look into what it was
4:14
the inflation reduction act and I tweeted about it, hold up.
4:17
So they passed a bill called Inflation reduction act that
4:23
prints more money. I don't know what world these
4:27
people are living on living in but it doesn't end there.
4:30
Elizabeth Warren. Also wrote a letter today to the
4:35
CEO Fidelity. She wrote we write today to ask,
4:38
why Fidelity a trusted name in the retirement industry would
4:41
allow plants with the ability to offer plan, participants
4:44
exposure to bitcoin. So She wants to print more
4:49
money. She's printing more money to
4:53
fight inflation supposedly and then when people find a hope to
4:59
escape inflation and this way, ideally this is not the best way
5:03
because what you want to do is take Bitcoin into self custody
5:05
but hey some people do have 401ks.
5:08
She's fighting against that. I don't think she gives a flying
5:12
fuck about inflation. I really think this is about all
5:15
power and control and I have a quote From one of my favorite
5:19
books, the sovereign individual. It says in the 1980s, it was
5:23
illegal in the United States to send a fax message.
5:26
The US Post Office considered faxes to be first class mail or
5:31
which the 157 u.s. post office claims and ancient Monopoly.
5:36
So again, I think you're seeing an old system clash with a new
5:42
system. This is total clown World,
5:45
Elizabeth Warren. I really hate is a strong word.
5:48
So Not going to use that but I really, really dislike her.
5:52
She definitely doesn't have the interest of Americans at heart.
5:56
She's proposing printing more money which was the cause of the
5:59
inflation in the first place. If people find sanctuary and
6:03
Bitcoin, she can't have that either.
6:06
So this is really about controlling people.
6:08
Like I can't see another alternative to this, right?
6:12
And again, we're we are a political on the show when the
6:15
Republicans are in office. I do the same thing, they print
6:17
more money. When the Democrats are in
6:19
office, they print money to. But what I'm trying to say is
6:22
the Democrats are supposed to be the party of the underdog,
6:25
right. There should be the Beast of the
6:26
party of the person that's unbanked, right?
6:29
The party of the poor, but all I'm seeing is just hurting, the
6:34
poor them. Listen, inflation hurts, the
6:37
lower and middle classes. The most they don't have the
6:40
wealth to park their money, their wealth and assets that
6:44
benefit from asset inflation. Like real estate, like,
6:47
equities, Right? And that's how the rich get
6:49
richer, right? So what the hell is going on
6:53
Elizabeth Warren and mind you. Elizabeth Warren is also the
6:56
most aggressive Senator attacking Bitcoins energy usage
7:01
as well. So I think all of these attacks
7:03
are insincere. I don't think she gives a fuck
7:05
about the climate. I don't think she gives a fuck
7:08
about people about people putting their 401 K's in
7:12
Bitcoin. I think she cares about
7:14
maintaining power. That's what this is about.
7:18
I don't I don't see another like I don't get it.
7:21
Wicked. Am I wrong here?
7:23
What are your thoughts on this? I might, I might crazy
7:25
conspiracy theorist. No, man.
7:29
I don't think you're crazy by the way.
7:30
Can you hear me? I'm having a little bit of like
7:32
a, your leg here. You're coming in great.
7:35
You're coming for you brother? Yeah, I mean, nice nice.
7:38
Yeah, I mean, Senator Warren. Right.
7:40
And I'm, I'm here in Boston. So I know all about Senator
7:43
Warren, right? I think it may even if even if
7:47
she is, you know, coming at it from a place of genuine concern,
7:52
she's just misinformed at the very least, right?
7:55
At the worst at the worst. You know, she's being
7:57
disingenuous But either way, I think, you know, just like
8:03
everyone else just needs to learn more about Bitcoin and how
8:05
it can actually solve a lot of these issues.
8:09
Yeah, II. Just don't, I've been covering
8:12
this for simply Bitcoin for a year now.
8:15
I just don't believe that it's misinformation because you know,
8:19
to give him credit even though he kind of exploded towards the
8:22
end, Nick, Carter release some incredible, you know, rebukes to
8:27
a lot of the climate fund very well researched.
8:30
And it's funny because none of the propaganda.
8:33
Pete hit pieces changed any of their language, right?
8:36
And that's a lot of the propaganda pieces that A bit
8:39
worn references when she writes those letters.
8:41
Right? So yeah man, I just look, I
8:44
would like to believe it's with good intention, but remember
8:47
what we always say Bitcoin exposes everybody's incentives,
8:51
right? So you know and that's it's
8:53
going to expose any corrupt, you know, power-hungry politicians
8:57
on the political left or the political, right?
8:59
That's the beauty of Bitcoin anyways.
9:01
Opting, what are your thoughts on this brother?
9:04
Well, I was just going to troll and say the Dems just want
9:07
polar's to be poorer. But who, what in the chat said?
9:10
It better than I could Democrats love, poor people so much that
9:13
they want to make more like move, man, the doublespeak by
9:17
politicians and bureaucrats is I feel it's at an all-time high,
9:23
but I've been saying clown world can't peek and I've been wrong
9:27
continuously. So I'm sure the doublespeak will
9:30
get worse and worse as time goes on.
9:34
But guys, you already know Bitcoin exposes people and
9:36
people's incentives and it's Doing it in real time for you
9:40
guys if you're following along and we will post the receipt.
9:43
So shout-out to you guys trying to flood Bitcoin because that's
9:48
why we have content for the show.
9:50
Absolutely, yeah man it and I think it's, I really believe
9:54
there's going to continue to escalate and that's really why I
9:57
wrote that letter that sorry. I read that, that, that quote
10:01
from the sovereign individual, right?
10:03
They were literally attacking the fax machine because it was a
10:07
competition towards You know this government operation and
10:11
the internet kind of did that which is why you have the, the
10:14
Legacy Media kind of scrambling to try to control narratives,
10:17
right the internet completely disintermediated information.
10:21
And I think that what you're seeing now is that this
10:23
intermediation of money, right? And a lot of these politicians,
10:27
they get their power from being able to print money and create
10:31
money out of thin air that everybody else has to work.
10:33
For Bitcoin is essentially a silent protest and saying I
10:37
don't want to participate. In that and you have Elizabeth
10:40
Warren, trying to stop the flood gates, right?
10:43
Anyways, interesting, we'll stay on top of it.
10:47
Let's see how this goes. But yeah, man, I love Bitcoins
10:51
most unwell. I'll known feature and that is
10:54
Bitcoin, exposes everybody's incentives and exposes tyrants
10:58
on all sides of the political aisle.
11:00
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So we got a lot of banging news. Today, we're going to talk about
11:42
nine boot Kaylee, the bond situation and we're going to
11:45
talk about this awesome headline that I saw in Europe.
11:49
This is how I this is how you know, we are winning.
11:52
Let's check it out. It's an article by the financial
11:54
times European banking regulator concerned about finding staff to
11:59
oversee Bitcoin and shit coins. A key regulator charged with
12:02
overseeing your Or Europe's Len, Len, Mark bid, to regulate
12:06
cryptocurrencies views, its ability to hire, specialized
12:09
staff as a major concern highlighting worries, over
12:12
authorities, capacity to supervise digital asset markets.
12:15
Now, here's the thing guys, right?
12:16
So you can regulate shit coins because they're not
12:19
decentralized, but you can, you can't regulate Bitcoin it that
12:23
would defeat the entire purpose of Bitcoin, and that's why
12:27
Bitcoins decentralization is so important and I think
12:31
politicians, like Elizabeth Warren.
12:33
No that anyways wholesale Jose Manuel Camp.
12:37
A chair of the European banking Authority said, his organization
12:40
was also worried about the logistics of planning for its
12:43
new powers. New powers, love to give these
12:46
unelected bureaucrats more Powers, right?
12:48
Since it will not know which digital coins, it has Authority
12:51
for supervising until very close to 2025 when Europe's sweeping
12:55
new crypto regulations are due to come into full forth.
12:59
Now, here's the thing, right? Can't regulate Bitcoin you could
13:02
regulate the On and off ramps, right?
13:04
But you can't regular So eventually there's going to be a
13:06
clash right? We covered in episode.
13:08
It's going to it's going to come out on Saturday.
13:11
We did it from with Chris from from Bitcoin magazine.
13:14
They're trying to essentially fit the old system of
13:19
surveillance and control on top of Bitcoin and it's not going to
13:24
work but it doesn't mean they're not going to try anyways.
13:26
Anyways and this is really funny because look at the end of the
13:29
day why should you trust these people?
13:31
There's a reason people are going to A Bitcoin.
13:34
There's a reason, right. The incentives are just much
13:37
better. And again, you look at the old
13:39
system and all they do is lie. Check this out.
13:43
And again, the the recession numbers came out today.
13:45
I'm going to cover it a little bit.
13:46
I'm not going to cover the way opt he's going to cover it in
13:48
the fail because it definitely is a fail.
13:50
But anyways check it out. We're not in a macro environment
13:53
that's pointing towards recession.
13:56
We're in a macro environment that sporting towards decreased
13:59
growth. I'm not concerned about Banks,
14:01
really cutting down Credit, Now, You heard that right now.
14:05
Here's the infamous video of the White House Press Secretary.
14:09
And here she is, we're not in a recession, guys, because they
14:13
are literally redefining what a fucking recession is.
14:17
They're doing it in front of our eyes before I play this video,
14:20
check this out. Okay, this is Google u.s.
14:24
recession financial times because I saw this article
14:27
earlier on today, check out the headline, u.s. enters technical
14:31
recession after contraction and in second quarter.
14:33
Growth. Yeah, the bureaucrats didn't
14:36
like that and you know what they did?
14:37
They change the goddamn title. US economy shrinks for second
14:41
consecutive quarter. I'm gonna go back, u.s. enters
14:44
technical recession, you click it, they change the title.
14:48
Yes, that's fucking 1984 Vibes but I'm not done.
14:52
Here is the White House Press Secretary.
14:54
And here's Peter Doocy, basically pressing her, why?
14:56
They're changing the definition, let's check it out.
15:08
Can barely hear the audio need? Yeah, can hear the audio.
15:11
Oh, hold on a second. Sorry about that.
15:13
Let me let me fix that. There we go.
15:18
Sorry, boom, boom. Sorry guys, I'm still getting
15:22
used to the live bear. With Nico bear with Nico.
15:26
Where is it? Oh, here it is.
15:29
Boom. All right.
15:36
Officials are trying to redefine recession.
15:40
No we're not redefining recession.
15:41
If we all understand a recession to be two consecutive quarters
15:45
of negative GDP growth in a row and then you have White House.
15:48
Officials come up here to say no no that's not what a recession
15:51
is, it's something else. How is that not redefining
15:54
recession? Because that's not the
15:55
definition. That is not the definition of
15:58
said in 2008. Of course, economists have a
16:02
technical definition. Which is other recession, which
16:05
is two consecutive quarters of negative growth.
16:10
I can tell you this that you can cite to - quarters of GDP.
16:13
All right I just can't I can't continue watching it.
16:18
The fucking gas lighting is insane, right?
16:22
Um, just because and it's like guys think back a little bit,
16:27
there is no inflation. There is no recession, what's
16:32
next? Like, and these are the people
16:35
in charge of the money. So, check this out.
16:39
They Printed and irresponsible amount of money.
16:42
They took absolutely no responsibility governments are
16:46
the cause of this recession governments are the cause of
16:51
this inflation. Pandemic didn't do anything.
16:55
It was the government response to the pandemic and the worst
16:59
part. They take no responsibility.
17:03
Better yet. And when you try to get an
17:05
escape valve, Elizabeth Warren goes and say, no, you can't do
17:09
that. Dude, this is crazy.
17:12
And I think the reason that I'm able to see this Opti, it's just
17:16
because I'm looking at it through the Bitcoin lens, right?
17:19
Let's just say that. Anyways, Wicked, what are your
17:21
thoughts, brother? Yeah, I agree.
17:24
I think, once you start hearing things through the bright orange
17:29
Bitcoin lens and by the way, the orange and in my background is
17:32
the orange one. Compel you start to see things
17:35
as they are, you know, and the the lying, the cheating
17:40
gaslighting becomes, very apparent.
17:42
That, you know, they were saying, there's no inflation.
17:45
There was now, they're saying there's no recession.
17:47
Next, they're going to be saying there's no job loss.
17:50
No starvation death. You know, what point do they
17:54
stop? The gas lighting?
17:56
I don't know. They don't as long as they
17:58
control the money printer, there is no incentive for them to do
18:01
that. Anyways, Opti, what are your
18:03
thoughts on this? Well, just on that first part of
18:08
The Regulators in EU as I tweeted on Twitter.
18:11
The Bitcoin brain drain is real and they are feeling it.
18:14
All the best minds are going into Bitcoin and we all know
18:17
this because you guys are freaking epic out there and then
18:21
secondly guys the doublespeak I said literally a minute ago that
18:25
it can't reach an all-time high and yet.
18:27
Here we are we're we're just so frustrated with what they're
18:30
saying that it's just Thing they the gas lighting and the
18:37
Arrogant of these people to blatantly lie to everyone, and
18:42
then have the Legacy you push those narratives.
18:44
It's just, it really is atrocious and it's almost hard
18:48
not to get mad at it. Because if it doesn't get your
18:51
blood boiling right now, like, you're really not thinking
18:54
critically because they're lying to you straight face and I don't
18:57
know about you, but I don't really take it very well when
19:01
people lie to me, and I know that they're lying to my face.
19:04
Like that is the biggest slap in the face that I can think of.
19:07
And yet they're broadcasting this on all Legacy Media guys.
19:10
So as we could in Eco told you Bitcoin is truth Bitcoin,
19:14
exposes their incentive. And once you understand the
19:17
game, which is a narrative game. It's it's very obvious.
19:22
What's going on? This is World War 3.
19:25
It's an information war or rather.
19:27
As I've been saying it's a disinformation war, hence why we
19:31
continue to This fog continued to counter these narratives,
19:35
because if we're not doing it, who else is going to do it
19:39
Legacy Media isn't a lot of other alternative content
19:42
creators aren't doing it. So it's upon us to show up every
19:46
single day and just continue to expose the hypocrisy because we
19:50
know that the Orange is bright and orange beautiful, and it's
19:55
so much better on the Bitcoin standard.
19:57
And we are not going to let these people ruin this
19:59
opportunity because Penguins here, preach.
20:02
Yeah, there's no going back guys.
20:04
Burn the ships move forward on bitcoin.
20:06
Let's go. Burn the freaking ships.
20:08
That's absolutely right. There's no going back.
20:10
We're not going back to a system of slavery.
20:12
Anyways, a little bit of a reality check.
20:15
Let's talk about El Salvador. And I know that a lot of you
20:17
guys clicked on this video for that reason, let's check it out.
20:21
Let's let's check out this situation.
20:25
El Salvador, bonds, surge on bouquet Lee's plan for by back
20:29
at market prices and This is a little tricky, guys, just a
20:37
little refresher of what happened earlier on this year,
20:40
Bitcoin Bond, sale flop, deepens debt Market rout and El
20:44
Salvador, right? The the famous Bitcoin bond that
20:47
you're not, you're not hearing a lot of people talk about
20:49
anymore. It's stalled.
20:51
There wasn't enough interest. So, yeah, I think what Kelly
20:55
might be in trouble here politically a little bit.
20:58
We're going to talk about that says El Salvador's president
21:01
named Kelly announced plans to buy back the Dollar denominated
21:05
bonds, do in 2023 and 2025, spurring a double-digit jump.
21:09
The price of the junk rated Securities with Kaylee, on
21:11
Tuesday, said in a series of tweets that he sent two bills to
21:15
lawmakers, that would lock in plans for a transparent public
21:18
and voluntary. Purchase offers offer that will
21:21
start in six weeks for the government debt market.
21:23
Prices Finance Minister, Alejandro zelaya said the nation
21:26
would use special drawing rights dispersed by the international
21:29
monetary fund. What the fuck, right?
21:34
Do you guys remember what the IMF said about?
21:37
El Salvador, IMF, urges El Salvador to remove Bitcoin as
21:41
legal? Tender?
21:41
Is a headline from BBC and you remember what they did in
21:45
Argentina? Argentine Congress, approves IMF
21:50
debt deal that would discourage crypto usage.
21:54
So now angle Kelly is negotiating with people that are
21:58
hostile towards Bitcoin. The same reason that Elizabeth
22:01
Warren is hostile towards Bitcoin because it takes power
22:04
away from them. And I think that's why this
22:09
Bitcoin Bond was so important. Anyways, Finance Minister.
22:16
Lee hyundo says that the nation would you special drawing rights
22:18
dispersed by the international monetary fund multilateral
22:21
funding and a new Bond deal. With the central bank to
22:24
finance, the purchase has the nation's dollar Bond set to
22:26
mature. In January 23 rows 2023, Rose
22:29
nearly 10 cents after the announcement to 86 cents.
22:32
So that's at least good news according to indicative prices
22:35
compiled by Bloomberg, bouquet Lee's Nueva idea.
22:38
As party holds a two-thirds majority and El Salvador's
22:42
unicameral legislation. Now, here's a question that I
22:44
have for you guys if El Salvador defaults on these bonds, perhaps
22:51
due to a little bit of maliciousness from the IMF, you
22:54
know, I they're definitely not rooting for him.
22:59
What's going to happen to him politically?
23:01
And at the end of the day, he has an election coming up in
23:05
2024. And again, if you look at the
23:07
Legislative Assembly his party does, hold a supermajority they
23:11
have 56 seats compared to the arena, which is one of those
23:16
traditional El Salvadorian parties fmln, and the arena
23:22
where the two staple parties before we have ideas is 9bo,
23:25
Kelly's, party stepped in. So yeah, man, I mean Yeah, they
23:29
have a majority now but look at the price of Bitcoin, right?
23:34
It's 70%. Download a lot of people don't
23:36
understand it. And remember, we know that the
23:39
Legacy Media is attacking El Salvador viciously.
23:43
We try our best to debunk every one of those articles but again
23:48
the people that he's negotiating with are also the people that
23:52
don't want the argentines to incentivize Bitcoin and they're
23:55
also the same people that literally told a sovereign
23:58
country. Re not to use Bitcoin as legal
24:01
tender. Anyway, really shows who's
24:02
calling the shots, right? The country is approaching its
24:05
one year. Anniversary of adopting, Bitcoin
24:07
is legal tender and move that along with a shake-up in the
24:10
doped some uncertainty among both credit rating agencies and
24:14
money. Managers, El Salvador is one of
24:16
the Emerging Market nation's most vulnerable to default,
24:19
according to a Bloomberg intelligence analysis earlier
24:22
this month. So I mean guys, Dude, like, this
24:29
doesn't look very good. That's kind of like the feeling
24:32
that I'm getting, you know, at least the elections 2024, right?
24:36
And historically, Bitcoin, tends to pump right before the
24:39
happening, and then during the happening, right?
24:41
But man, like This is this is a little scary to be honest.
24:49
What do you think Wicked? I'm not too scared, to be
24:52
honest. I think I'll be fine.
24:55
He's elections in 2024, like you said, the bonds, you know, 2025
25:03
and I don't know. I mean, even though he's kind of
25:06
getting into bed with the IMF, I expect he won't negotiate any
25:12
sort of terms that are negative towards Bitcoin will see.
25:17
But it seems like he's pretty In his stance with regards to
25:22
bitcoin. So I'd be very, very surprised
25:25
if he changes that view, the other thing just know, you know,
25:29
noteworthy to mention in, this is from an article, you know,
25:32
back in February, so about half a year after they adopted
25:37
Bitcoin article. Said that El Salvador had a 30%
25:40
increase in tourism, right? So I mean, Bitcoin isn't just
25:45
helping El Salvador by being on its balance sheet or by the
25:48
people. Benefiting from, you know,
25:51
remittances and other things that Bitcoin helps with but it's
25:54
also increasing their economy through tourism significantly.
25:59
So I think there's there's multiple angles that are very,
26:02
very positive for El Salvador and even though you know it
26:06
seems like they're having a little bit of trouble with the
26:07
bonds. I think there's there's so many
26:10
other benefits that Bitcoin has brought that they'll be fine.
26:14
Bullish is how and we got some people in the comments that are
26:18
agreeing with you. Jaime Garcia.
26:20
He said salvadorians aren't judging buchelli or new ideas on
26:23
the price of Bitcoin or chivo or anything to do with Bitcoin.
26:27
And then we have extend Mo's. He says he still going to win
26:30
the elections. Bro, I can guarantee you that
26:33
he's not just about Bitcoin. He's also rebuilding the country
26:36
doing things for the people. And we have Sandy Shoals,
26:41
bouquet Lee, also, getting the gangs under control, and that's
26:44
absolutely true. We had an episode, I think it
26:45
was on Tuesday. What we went through the fact
26:48
that the The GDP numbers were up.
26:50
I think it's like 10 percent, the highest, and I'll saboteurs
26:53
history, like 40 years. And we also know that the murder
26:55
rate went down as well. So yeah, man.
26:58
Dude, I'm just, I see the ominous clouds of the machine
27:02
turning. I see.
27:03
Elizabeth Warren. I see the IMF.
27:05
I see these very powerful institutions and I'm like, holy
27:09
crap, man. There's going to be a clash of
27:11
eventually. Anyways, Opti, what are your
27:12
thoughts, brother? Well, as one of the people that
27:17
increased tourism in else, Salvador.
27:19
This year, one thing that I did notice when I was down there is,
27:23
how much people love buchelli, so the Legacy Media can fight
27:28
him all they want. But the people from their
27:31
country know that he's doing good and trying to do good.
27:34
He's a young leader that is actually trying to make their
27:37
country better. And what you were saying
27:40
reminded me of this tweet that I saw this morning by Sampson Mal
27:43
and I think it perfectly sums everything up.
27:45
And he goes El Salvador's constantly attacked in the media
27:48
because The Legacy players fear that more countries will follow
27:51
them to adopt a Bitcoin standard guys.
27:55
This is the narrative. This is why every other day
27:58
Bloomberg and the likes are trying to FUD what they're doing
28:03
over there. Because if El Salvador is
28:05
successful if they take their staff, their country out of
28:09
poverty and out of the you know, the bad situation that they're
28:13
in using the Bitcoin standard and furthermore you know
28:15
building up their society It's going to be really good
28:19
marketing for Bitcoin and they do not want other countries to
28:22
find the escape hatch. That is Bitcoin.
28:26
And then guys, just just as a memetics guy just as someone
28:29
that loves memes. It's our meme world and they're
28:32
just living in it. He's going to get the election.
28:35
Is going up the same year in the same around the same time as the
28:40
having guys just can't make stuff up like this.
28:43
It's beautiful guys. It's our main world and they're
28:45
just living in it. We are the best meemers and they
28:47
can't counter. You freaking autistic bitcoiners
28:51
out there shitposting all day every day.
28:53
Let's go, let's go. All right so and I also got a I
28:57
got a comment from Jaime Garcia. I'm here that they have the
29:00
ability to service. Debt, they meet their
29:02
obligations during the during the pandemic when income was
29:05
down and extend. Those also said getting rid of
29:08
the gangs is more important to many people than Bitcoin, at
29:12
least for the ones who don't know yet.
29:13
And that's absolutely true. Anyways, very interesting stuff,
29:17
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30:00
So on.com All right, guys. Well, we already covered some of
30:06
this stuff but the context that you are missing for the video
30:12
that Nico played for you is this video yesterday and I did Cover
30:17
a lot of these videos yesterday on our fail.
30:20
So let's just play this for a second.
30:24
I hope the audio comes through. No, it is not going to work on
30:29
that. All the only works on Chrome.
30:32
Okay, well you guys already know.
30:34
It just says this guy economic advisor basically says to -
30:41
quarters of GDP, growth is not the technical definition of
30:44
recession. Then we follow her Jean-Pierre.
30:47
Who says, if you know to again, two consecutive quarters of
30:52
negative GDP growth is not how you define a recession.
30:57
And then let's just keep going down memory lane.
31:00
Again, Janet Yellen four days ago said that the economy shows
31:05
no signs of recession and let's just go into her thinking.
31:08
So Janet Yellen says on Sunday that growing consumer spending
31:12
industrial output credit quality and other economic indicators.
31:15
Don't suggest the economy is in a recession.
31:18
Although she acknowledged that inflation is way too high and
31:22
straining the system and she adds this is not an economy that
31:26
is in the recession. Session.
31:27
Remember, this was four days ago.
31:29
Now, let's just see what else you says, businesses and
31:31
consumers are seeing the economy slowed after a rapid growth
31:34
spurt last year, which brought the labor market back to life
31:37
after the planned amick. But this transitional slowdown
31:41
is a necessary and appropriate given the rapid changes again.
31:46
You don't see any of the Signs. Now a recession is a broad-based
31:50
contraction that affects many sectors of the economy, we just
31:53
don't have that, but she acknowledged the impact.
31:57
Of an uncommonly high inflation numbers further.
32:00
She said she expects feather federal government policies
32:03
aimed at controlling inflation to be successful and we'll end
32:07
it with we've cut the deficit by a record.
32:09
One and a half trillion dollars this year.
32:12
Remember how much they printed. Okay.
32:14
We've seen gas prices just in recent weeks come down by about
32:17
fifty cents and there should be more in the pipeline and
32:21
hopefully we will pass a bill that will lower prescription
32:23
drug costs and maintain current levels of health care costs.
32:26
Yes, yes, Janet Yellen this is exactly what has caused this
32:30
inflation. And furthermore guys I bring
32:33
this article up not to break it down but again to just add two
32:38
more evidence of the framing of Legacy Media.
32:41
And just look at the framing used to kind of like like Mica
32:45
said, use economy shrink for a second quarter raising recession
32:48
odds. So the odds of a recession or
32:52
high guy, the US economy shrank for a second straight quarter,
32:54
raising chances of a recession. As decades High inflation
32:58
undercut consumer spending and fed Reserve, interest rates.
33:01
So we already know all this. So again, I found this by Forbes
33:06
and I wanted to find what the official recession definition
33:10
was. And the the most popular view of
33:13
a recession is by Economist Julia shishkin in 1974.
33:18
And is as we've been saying that essentially, it is two
33:22
consecutive quarters of declining GDP.
33:25
This is a defect death. Ignition of recession, that has
33:28
become a standard over the years.
33:30
And again, if you remember the videos from yesterday, you were
33:33
remember, or maybe it was two days ago.
33:35
Sorry, that they were saying, the, the pr was saying that only
33:41
according to the National Bureau of economic research.
33:45
Will they recognize a recession? So, let's see how they recognize
33:49
the recession. So neither has its own
33:52
definition of what constitutes a recession, namely, a significant
33:55
decline in the Activity spread across the economy, lasting more
34:00
than a few months. Normally visible in Rio.
34:03
GDP. Real income employment
34:05
industrial production and wholesale retail sales.
34:08
And as you can see their definition is a little more
34:12
flexible guys. Even by that definition, it
34:16
still seems like we are in a recession because it's lasted
34:19
for more than a few months. Like what is going on here guys?
34:22
The doublespeak. And of course, today this
34:25
morning we got the Breaking news that the u.s. is officially in a
34:29
recession based on that statistic or that heuristic of
34:33
two consecutive negative quarter GDP growth like Bitcoin Maggie
34:37
saying Bitcoin is the escape hatch.
34:40
So again I had to add btz archive because he just goes
34:45
lays out the numbers. Perfectly u.s.
34:47
GDP was point. Nine percent in Q2 and it was
34:51
negative. One point, five percent in
34:52
quarter one. That's the motherfucking
34:54
recession, sir, again continuing Shin on the doublespeak from the
34:59
powers that be in big brother. I saw this going around Twitter
35:04
this morning and apparently Wikipedia, y'all know how much
35:08
we love Wikipedia. But apparently there's been 38
35:12
edits to the recession recession page on Wikipedia and the last
35:15
three days attemping to change the definition recession and
35:19
guess what they took out. As you can see, they removed the
35:23
two consecutive quarters. GDP line from From the Wikipedia
35:28
post. So that ain't a recession Jack
35:31
because we are just going to redefine the term of a recession
35:36
and let's just continue. I love this tweet by Zero Hedge
35:39
because it perfectly lays out what we've been saying for
35:43
weeks. Now, that all the economists who
35:45
won years ago, promised inflation was transitory agree
35:49
that we are not in a recession. What's the saying guys?
35:52
There's nothing more official than the official denial, so, As
35:57
Nico kept tweeted this morning, Nico is on fire this morning,
36:00
guys and he goes, it went from. There is no inflation to.
36:03
There is no recession, real quick.
36:07
We put on our Twitter, there's no inflation.
36:11
There's none, no recession. And soon they will say there is
36:14
no gas and food shortages. So guys, what is actually going
36:19
on out here because as you guys know, we've been following Along
36:25
on this for a while. And all the signs are pointing
36:28
that. There is a recession and big,
36:31
brother is doing whatever doublespeak, they can to try to
36:34
confuse the masses and as I told you divert them from the real
36:39
information. Again, this is World War 3.
36:42
This is a disinformation war. And what are they doing?
36:46
They are distracting you with fake news so that you do not get
36:50
on the scent of what is actually going on.
36:53
Guys. We are completely unhinged And
36:57
they are lying straight to your face, stack Bitcoin, because we
37:01
know what's going on. The economy is folk guys and
37:05
it's not looking good out there. So are we in a recession, guys?
37:09
Well technically, we're not in a recession, but I know you feel
37:13
it. I know you see it, it's pretty
37:15
obvious. What is actually going on?
37:16
But anyways, Nika Jumpin, what's your thoughts?
37:19
I mean, dude, like first of all, you did a fucking great job.
37:22
Like you know, you have all the receipts, right?
37:24
That's what we try to, you know, bring on this.
37:27
Like we always put our sources down link description, you know,
37:29
so, you know, don't trust us. You could verify yourself,
37:32
right? Dude, this is this is
37:35
ridiculous. Like, this is ridiculous.
37:37
If you use their own definitions, we're in a
37:40
recession. But just like they changed the
37:42
CPI, right? They changed it back when the,
37:45
you know, the the late 1970s early 80s.
37:48
When the US had this level of inflation rate, we had totally
37:51
different metrics than we have now, right?
37:54
If we use the same metrics that we use, As in the 70s and 80s
37:57
the inflation rate would be a lot higher.
37:59
The official reason inflation rate would be a lot higher.
38:01
So again here you have it. You have government officials
38:04
that are literally changing, the definitions of things to make
38:09
themselves look good because we are in a midterm year in the
38:12
United States. And then to add the cherry on
38:15
top when people try to find refuge and a system that the
38:18
government can't control Dude, Elizabeth Warren, knocks on the
38:26
door. Anyways, Wicked.
38:27
What are your thoughts brother? Yeah, I don't know if I have
38:29
much to add here. I'm no Economist, so I don't
38:33
really know what the definition of recession is either but it
38:38
does seem like they just you know, they're just changing it
38:42
on us to fit whatever narrative they're trying to show.
38:46
So I don't know like we'll see I mean one thing I would say is I
38:52
do I think the United States is padded to a certain extent, you
38:58
know? Probably, because we have the,
39:00
we still have the world Reserve currency, the dollar
39:03
strengthening yada, yada yada. So like we may not feel the pain
39:09
nearly as much as other places in the world.
39:11
Like I know that there are plenty of other places in the
39:14
world that are struggling a lot more than we are here.
39:18
So in that regard, you know, maybe maybe the United States
39:22
won't. Don't you know feel this
39:25
quote-unquote recession nearly as badly as other places but you
39:29
know we're not we're not the only people in the world, right?
39:31
So you have to look outside of the US and see like the whole
39:34
picture see how the world's kind of falling apart, not only here,
39:39
but abroad. Beautiful.
39:43
You mean it? Nico update?
39:45
Yeah to add to that, though. It's kind of messed up, right?
39:48
Because they use the, the United States, like they Outsource
39:52
their debt, right? So, because they have the world
39:55
Reserve currency, right, dude? They print, and basically, any
39:59
country that's holding dollars gets to foot the bill.
40:02
Basically so yeah, like you're absolutely right when it's like,
40:06
yeah, the US isn't the only country however, because the
40:09
u.s. is the world Reserve currency, it's extremely
40:12
important. What do you want the US Central
40:15
Bank does because it affects everybody because everybody
40:17
basically everybody's using the dollar or holding government
40:21
bonds. US government bonds, right?
40:23
Yeah, no. And I mean that that explains
40:26
why El Salvador went with Bitcoin, right?
40:29
I mean it makes sense that a dollarized country would adopt
40:32
Bitcoin first. So it's kind of absolutely 100%
40:36
Opti president's brother. Yes, I do have one more fail.
40:41
I am going to break down this. I'll hear that was on block
40:44
works because I think there is a lot of signal here, guys and it
40:49
goes the headline meta. Metaverse unit has lost 5.7
40:53
billion this year, CEO. Mark Zuckerberg said it's
40:58
metaverse. Ambitions represent a very
41:00
expensive undertaking but sees trillions and unlock value.
41:05
So let's get into this. Metas overall quarterly Revenue
41:08
fell for the first time to twenty eight point eight
41:10
billion. Missing estimates of Billion.
41:13
It's reality Labs, the social media Giants.
41:16
Metaverse division, saw second quarter sales sink, 35% to 452
41:21
million. So let's get into this article,
41:24
CEO. Mark Zuckerberg might be bullish
41:26
on the metaverse, but their pivot into virtual reality has
41:30
so far weighed heavily. On its balance sheet, metal
41:33
reported a second quarter loss of 2.8 billion in its reality
41:37
Labs division on Wednesday adding to a 2.9 billion loss in
41:41
this year's first Order boof. Then continuation can reality.
41:46
Laughs has lost five point seven billion dollars for meta this
41:50
year and last year it posted an annual loss of ten point two
41:54
billion dollars bringing the combined loss to almost sixteen
41:57
billion dollars. Remember what they do they are
42:00
the social media giant metaverse division.
42:04
So metaverse division has lost sixteen billion dollars in a
42:08
year and a half. Let's continue the division
42:10
which is in charge of producing metaverse related.
42:13
Knology such as virtual reality hardware and software.
42:15
Pollard post a quarterly sales, 452 million, that's nearly 35
42:19
percent drop. That's what he covered.
42:21
But Zacks remains positive about the long-term outlook on
42:26
Wednesday. He said, artificial intelligence
42:28
is the key driver of metas business, moving forward
42:31
followed by the emergence of the metaverse.
42:34
The segment is still a solid opportunity as it enables deeper
42:38
social experiences, irrespective of where people are and could
42:42
locked. Jillian, unlocked trillions of
42:44
dollars over time and then he goes this is obviously a very
42:48
expensive undertaking over the next several years.
42:50
But as the metaverse becomes more important, every part of
42:53
how we live from our social platforms and entertainment to
42:56
work in education and commerce. I'm confident that we're going
42:59
to be glad that we played an important role in building.
43:03
This guys, I don't have any more evidence on this one except to
43:09
just say, they are losing tons of money in the metaphor.
43:13
And as we know as we know bitcoiners as we are in this
43:16
bear Market shit coins gets laid in the bear market and in my
43:21
opinion the metaverse is a complete shit coin.
43:24
I do not believe that it is adding social cohesion and and
43:29
more whatever connection between people.
43:33
From what I hear, most people don't want to be in the middle
43:35
verse and like it's I personally don't believe it's a future
43:40
guys, in my opinion, the metal Verse is no different than nft
43:44
shit coins or I see. Oh, shit coins.
43:47
This is just the current rage. We shall see where this goes,
43:51
but as I told you guys consistently all week if price
43:56
is a signal and it signals information and it's this is
44:01
supposedly a free market. If you are losing a lot of money
44:04
in a product, what does that mean to Austrian economists?
44:09
Like us? It means that humans do not want
44:12
to take. Are in whatever you are selling.
44:14
So as much as it sucks, can think that they are pushing the
44:19
boundaries and pushing the limits of human interactions.
44:22
I would beg to differ. It looks like you are losing a
44:25
lot of money and you are betting on the wrong horse sucks.
44:27
So I would, you know, recommend that maybe your meta company,
44:34
your member, they also created their shit coin, Libra, which
44:38
they nuked so Zach's. If you really want to improve
44:41
your platform if you really Want to take market share, you need
44:44
to start incorporating Bitcoin because the metaverse is not the
44:48
way, no one wants to be stuck on Sword, Art Online for the
44:52
future, guys, this is literally an anime movie in Recreation,
44:57
and Zach's is like this is the future guys.
44:59
We are all going to be in the metaverse.
45:01
You are never going to, you know, interact with people.
45:05
And furthermore, guys, we know that most of the metaverse
45:09
narrative got pushed because of the plan.
45:12
Damn it. Humans were never going to
45:13
interact with each other again and all this.
45:15
Yada yada yada you will never hand shake people guys, we know
45:20
way better than this. The future of humanity is built
45:24
on bitcoin, it's not going to be on Ducks metaverse, he can claim
45:28
that there will be trillions of value unlock, but in my opinion
45:33
guys this is just another shit coin hype cycle, and it will
45:37
fizzle out. And I think the data is there,
45:39
they're losing tons of money and they're just Boiling down.
45:43
So have fun. Ducks have fun.
45:46
Staying poor have fun in the meadow verse because I am not
45:50
going anyways. Nico, I know that was a little
45:53
little different than usual, but what's your thoughts on that
45:56
one? Dude?
45:56
Like that's the wet dream of the party of Davos.
45:59
So the world economic Forum people, you know, the old
46:01
nothing, you'll be happy. You know, that's all about,
46:04
itwhat better for these World. Elites, if you know, people
46:07
don't own property in real life, they own property in the digital
46:10
realm. Like, you know, that's the wet
46:12
dream. Of these people.
46:13
Like in terms of Zuck, right? Pivoting from Facebook to meta
46:18
the, you know, the Facebook business model was dying,
46:20
people, especially the younger generation.
46:22
People are just not signing up to to Facebook anymore.
46:26
So, he's hoping right that. He pivots to to this virtual
46:32
reality thing. Now, I have tried the, the, the
46:35
virtual reality, the Oculus thing.
46:38
It's cool. But then you get bored after 10
46:41
minutes, like, it's really like that.
46:42
That, you know, it doesn't replace real life.
46:46
So I mean yeah. Like is it going to be, you
46:50
know, as successful as Facebook? I think it's too early to tell.
46:53
It's just not my cup of tea. That's that's my opinion on that
46:56
anyways. Wicked, what are your thoughts?
46:58
Yeah, I agree. I mean, I've done the Oculus
47:00
saying it's entertaining for a little bit but it's very
47:03
constraining, right? Like you can't really the
47:06
headset sucks. It's heavy battery runs out.
47:10
Quickly can't go outside of Your small little Zone that you've
47:15
outlined. I think it's, it's really an
47:19
issue with the limitation and Technology.
47:23
I could see some sort of augmented reality in the future.
47:27
Being interesting, I could see if they were able to somehow.
47:32
Like, you know, you've seen the Black Mirror episode where,
47:35
like, you put little thing on your head and then you pass out
47:39
and then you're in there and you actually feel like you're in
47:40
there, right? I think it's the Ian, it's not
47:43
just a visual thing. You need to actually feel it,
47:45
right? That's why you get bored.
47:47
You don't fucking feel anything. So, I mean, I don't know, like,
47:51
I don't know if that will ever happen if they'll ever figure
47:54
out how to, how to bring us there, but what it is out and
47:58
working, you know, saying, so I agree, let's see, let's see.
48:02
Technology does get better over time.
48:04
Let's see if Zach manages to pull this off.
48:08
Anyways, totally a fail, though. Opti, let's move on, brother.
48:14
It's time for the daily meme review brought to you by Citadel
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21. It's the best Bitcoin culture is
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Enid stories articles comments by actual bitcoiners is artwork
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Get your physical Prince of Citadel 21 today before they run
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meme review because I am the mean guy and here we got Pedro,
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shouts out the Pedro at retweet and he goes, eat them hard Forks
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be like much. Wow, much Innovation.
48:57
Okay, next one. This one is by W to left Komodo
49:02
and it's got the white rabbit with the Bitcoin it goes.
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We can't just vote the frauds away the time.
49:08
Has come to disobey be brave and have that Bitcoin twinkle in
49:15
your eye. Next, we got to the meme
49:17
Factory, that doesn't exist and it goes, it's got a, I don't
49:22
know what you would call this. Like a city, Chad version of
49:27
Metropolitan, Chad and couple, and it goes people who enjoy
49:31
memes. People who make memes all strung
49:35
out on Redbook Red Bull and whatever that white powder.
49:38
Powder is named Factory sheesh. And then this is like a it's
49:43
like a pure meme. Factory meme review here.
49:47
We got. So the next one.
49:48
Bye at labral huddle. Of course, I had to throw in
49:50
some recession, meme, there's no recession and then from that
49:54
Netflix, Bird Box movie, where she has the blinders on.
49:57
And, you know, if you see the if you see what is going on, then
50:02
you get murked and then on continuation of the coinbase
50:06
fail. We got Sherlock hot dogs because
50:08
leaked footage. Of coinbase, internal training
50:10
program for their employees and it's a bunch of people in the
50:14
gym looking like criminals doing their exercises.
50:19
So of course we have to work on coinbase because they've been in
50:23
the news and we've been showing you that man is coin basic
50:26
criminal organization, who knows, but once you get slayed
50:31
by the plebs on Twitter, The Narrative is set and the trial
50:37
judge and jury You. So next one, this was tagged
50:42
with us this morning by Rd B TC and he goes quote, no.
50:46
The fuck you ain't and it goes me.
50:48
Maybe I'll take a little profit at the top and then again me
50:51
know the fuck. You ain't?
50:54
Yes. Yes.
50:56
And then guys, I've been adding the a little little twist to our
51:00
mean reviews because I really believe that sometimes words can
51:05
be better, memes and picture. And like, I've been telling you
51:08
guys for a while, I'll B, teen is one of the goats and memes
51:11
and I freaking love this post right here.
51:14
So he goes what I like about Bitcoin culture is that it is
51:18
diverse organic and evolving One mission.
51:22
Many tribes, what I don't like about anti Bitcoin culture
51:26
culture, is that it seeks to universally colonize and
51:29
subordinate. Every last person to their own
51:32
personal tribal inclinations, B, team, gets the horns, on that
51:36
one, man. What a good good meme review.
51:42
Guys, let me see what do I have over here.
51:45
Here we go. We are going to give it some
51:48
nail clippers. All right?
51:52
Kind of gross, but I like to score.
51:54
Anyways, guys, rate, the meme literally go in the comment
51:58
section. Now we're doing it live.
52:00
You can rate the meme and I will pop it up on are anyways.
52:04
I'm gonna give you some chocolate.
52:05
Us are also known as sandals. Yeah.
52:07
That's right. My mom.
52:09
Every time you get upset with me when I was younger, she just
52:11
gotta act. Like we know confirming Optimus
52:15
knows if he didn't. I would be suspicious anyways.
52:18
Wicked, what are your thoughts, brother?
52:20
What would you give those memes? I will give it a travel size
52:24
tube of Colgate toothpaste. Wow.
52:29
Awesome. Awesome me.
52:30
Write the wait for the comments. Mr. Robot says LMFAO?
52:34
No LMAO. Yeah, and Elaine says CB Mafia
52:38
anyways. Moving on guys, literally
52:40
subscribe. No tune in stretch with some
52:43
alternative video platforms. Check out Rumble.
52:46
Check out Bitcoin TV and of course join our Austin telegram
52:51
group. It's down to link description.
52:53
You could literally link us memes to review.
52:56
It's awesome. BTC pins gives the me Jim's
53:00
irate. These s 9 pins from crypto
53:02
cloaks. Yep, take out crypto cloaks.
53:04
There's a promo code down below and extend most gives them an
53:08
empty. Donald Duck.
53:09
O.j. that isn't that is the best score of the day?
53:13
That is the best score of the day.
53:14
Anyways, anyways, all right, boys, Abdi there was an open
53:19
source software release. Let's go.
53:27
I gotta do the fucking ass brother.
53:29
I'm sorry. I, yeah, I don't think it popped
53:33
up. It popped up after we're still
53:35
getting used to this. Oh, good.
53:37
I got, I got to do the ad my dude.
53:39
Oh, all right, all right, all right.
53:47
All right, give us one second. Here we go.
53:50
All right. Goddamn it up T.
53:58
All right guys, don't store it. Your seed on paper paper sucks.
54:02
It's literally not waterproof. It's not fireproof.
54:05
Your dog can eat it. You don't want to be that person
54:08
that gets stuck storing their Bitcoin seed, on a piece of
54:12
paper store on metal, like, the cipher Grid or the Cipher wheel.
54:18
It's the best place to store your seed, visit Cipher, safe
54:22
dot IO Opti. It's all you.
54:25
All right, guys. Well, now it's time for the
54:28
software release. And as you can see on the
54:30
screen, we got a new release by Ln.
54:33
B, zero point nine point one. And as you can see, the on chain
54:38
wallet and said space server update, you get a little hot fix
54:41
and you get some on chain wallet formerly known as watch.
54:44
Only scrapes for funds gives total balance at space server.
54:47
Now shows pending balance and keeps updated via mempool DOT
54:51
space. Let's go and then it pushes
54:53
payments going to a wallet on an l.
54:55
You are El peor Ln, address and of course, guys, make sure you
55:01
subscribe. Listen to us, on all our audio
55:03
platforms. We are on Apple.
55:05
We are on anchor. We are on Spotify, and if you're
55:08
on Fallon part of the valley for Valley Community, we will take
55:12
your SATs if you enjoy the show. Thanks for listening, guys.
55:16
We love you. Absolutely Bangarang.
55:19
Thank you for the comment Elaine.
55:21
Thank you so much for coming. Always appreciate it, guys.
55:25
Guys, that was our show before we go.
55:28
I want to give a very special shout-out to our awesome
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clothing sponsor represent. LTD.com they make the best comfy
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stylish clothing. It's freaking awesome.
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I'm wearing the represent, hoodie.
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I literally wear it all the time.
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You see me in the airport? I will be wearing at they don't
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stylish. It's comfortable.
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You can take advantage. Of the promo code down below to
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get 10% off represent. LTD.com guys that was our show.
56:03
I was the live show. We're going to continue to do
56:05
these live shows. We really enjoyed them.
56:07
We love the audience interaction as well.
56:11
So we're going to continue doing them because it's live it's not
56:14
going to be as smooth as you know the pre-recorded show but I
56:17
think you guys like that, it's more raw, right?
56:19
It's more authentic I guess so bear with us while we do this
56:23
the the transition it's going to take a little bit of time, you
56:27
know, two or three weeks from now, it's going to be a full
56:28
live show. So but we're going to have live
56:31
show episodes sprinkled in everywhere, and then we're going
56:34
to have pre-recorded episodes. So just bear with us while we
56:37
make the transition. We want to bring you guys
56:39
awesome. Bitcoin pleb content, guys.
56:42
That was our show. It really helps us out.
56:44
If you smash that like button, of course, if you want to
56:48
continue here in the Bitcoin, use from the plead perspective,
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57:00
Definitely consider subscribing to Simply Bitcoin and guys, we
57:05
will see you on the next one. Which one's the best crypto
57:24
asset will Bitcoins the best crypto last.
57:26
Okay, what's the second best? There is no second best.