Latest / Simply Bitcoin / Sam Bankman-Fried Found Guilty on All 7 Counts | EP 860

Transcript

Sam Bankman-Fried Found Guilty on All 7 Counts | EP 860 · Simply Bitcoin

• 0:18
  It's. All going to zero against
• 0:20
  Bitcoin. It's going up forever.
• 0:23
  You're against Bitcoin. You're against freedom.
• 0:35
  Yo, Good morning everybody. Welcome to Simply Bitcoin.
• 0:39
  It's Friday, November 3rd and the year 2023.
• 0:43
  So you can tell from the title, Crazy, Crazy stuff Happening
• 0:46
  everywhere today on the Twitter verse.
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  Of course we will be covering Sam Bateman Freed Found Guilty
• 0:53
  on all 7 counts. And of course, you guys should
• 0:56
  know if you're if you're. Tuning in every single day to
• 0:58
  simply Bitcoin. We don't usually talk about alt
• 1:01
  coiners. Again, it is still at the very
• 1:03
  beginning of the YouTube show, so we will use the nomenclature
• 1:06
  alt coiners for the time being because it waters down our
• 1:09
  message. We don't ever really want to
• 1:11
  talk about alt coins because we believe it is Bitcoin, not alt
• 1:15
  coins. There is Bitcoin, and then
• 1:16
  there's everything else and the point of this show.
• 1:21
  Is to try to separate Bitcoin from everything else.
• 1:25
  But for better or worse guys, the average person has had SPF
• 1:30
  on their radar. I even was telling Ruston
• 1:32
  yesterday one of my friends. I haven't talked to him in a
• 1:34
  while. He was asking me what I'm doing
• 1:37
  lately. I told him simply Bitcoin and
• 1:40
  his follow up question was. What is your thoughts on this
• 1:44
  SBF guy? And I'm like Oh my goodness,
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  here we go. My parents have been talking
• 1:48
  about him. You know all the public media
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  has been talking about him. And finally I guess justice may
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  have caught up with him. Welcome to law SBF.
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  And you know you can't just commit fraud out there in the
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  name of all coins and and doing good by the people.
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  You know it is what it is. There are laws in this country
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  and it seems that SBF. Has been found guilty on all 7
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  counts. We will be talking about that.
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  We got a bunch of clips. We will be kind of trolling it
• 2:16
  out a little bit as well. Ruston's going to give you guys
• 2:18
  all of the signal on that one in the new segment and in the
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  numbers we were talking about it yesterday.
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  We are seeing at the current stage of the Bitcoin bull
• 2:29
  market, maybe the end of the crab market, the very end tail
• 2:32
  end of a bear market we're going to cover.
• 2:35
  For you guys, where we are in the cycle and we got a solid
• 2:39
  clip from Michael Saylor at his MicroStrategy earnings call,
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  basically saying what we've been saying all year long here that
• 2:48
  people are looking for alternatives.
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  We are seeing public consciousness raise public
• 2:53
  attention raised in regards to Bitcoin and what that means
• 2:55
  moving forward. So we'll be talking about that
• 2:58
  in the numbers. And the culture I mentioned
• 3:00
  yesterday, I I saw this thread and I really enjoyed it and it
• 3:04
  was on BlackRock and Bitcoin. So I'm going to cover that.
• 3:07
  I know we all have the view of F BlackRock.
• 3:10
  We we don't really like BlackRock obviously for obvious
• 3:13
  reasons. But I think they may be
• 3:17
  incentivized to play along with the rules.
• 3:20
  I'm even going to bring up the white paper and the incentives
• 3:23
  portion of. The white paper, which maybe
• 3:26
  Satoshi was right all along and This is why we are doing what
• 3:30
  we're doing because if BlackRock can take down Bitcoin, then what
• 3:32
  are we really doing here? And then actually, actually,
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  before I move on, I'm not sure if you guys saw this morning but
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  shouts out to our brothers over at Bitcoin Magazine.
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  Apparently the Federal Reserve is suing them for basically
• 3:47
  making a parody T-shirt of the Fed Now system.
• 3:51
  And they're saying that they are infringing on their copyright.
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  Absolutely incredible. We do not want to associate
• 3:58
  ourselves with Fed now system and the boys over at Bitcoin
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  Magazine I guess are over the target.
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  This is more credence to the idea of then they fight you
• 4:07
  stage absolutely incredible stuff.
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  We will get into that a little bit at towards the end of the
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  news segment. But welcome to simply Bitcoin.
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  We are your number one source for the peaceful back Bitcoin
• 4:18
  revolution. We cover breaking news, culture
• 4:20
  and of course, my medical warfare.
• 4:22
  We bring on bitcoins from all around the world, from the
• 4:24
  biggest names to the everyday Bitcoin.
• 4:26
  We got them all and we will be your guide through the
• 4:28
  separation of money and state. Of course, I'm not alone.
• 4:33
  I got my boy Ruston here. And I I already know that we're
• 4:37
  going to get a little crazy. This is the Friday show.
• 4:40
  Things should get a little light hearted.
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  I I saw a little bit of what Ruston has in store for you guys
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  and just going to forewarn you we will be giving you the
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  signal. But we are going to troll it out
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  a little bit. I'm going to be honest.
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  Well, we're going to. We're going to Oh yeah, you say
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  not light fun. Today we're.
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  Going to have some fun today. How you doing, bro?
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  Oh, I'm stoked up. I'm so stooped up.
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  Happy to be here. We get a lot of good news,
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  apparently. Maybe the system kind of works,
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  but not really. So we'll dive into that and see
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  what was left out of the trial and the charges.
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  It's very interesting how the media treated this guy leading
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  up to it all, throughout the whole thing.
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  They love this guy. He came out of nowhere.
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  He looked like he lived under an overpass and and then he was
• 5:23
  there. Darling, I we got a very good
• 5:26
  clip of what's what's his name O'Leary What?
• 5:29
  Stop listening to these people. They are absolute morons.
• 5:33
  And I I think we're coming to a conclusion.
• 5:35
  Maybe the CDC will pick this up but maybe there may be a
• 5:40
  connection between degenerative mental illness and prolonged use
• 5:46
  of shit coins. So we're going to dive into that
• 5:48
  and see if we can get to at the bottom of it.
• 5:52
  And also we are way over the target Bitcoin news in the Fed
• 5:56
  now. We got some good Nuggets for
• 5:58
  that too. Love to see it guys.
• 6:01
  As we always say, you know, Bitcoin is a peaceful revolution
• 6:04
  and memes are artillery. Ridicule is a powerful tool in
• 6:09
  our toolbox. And hey guys, it is working.
• 6:13
  And actually before we go in there, it just it's absolutely
• 6:16
  incredible that people at the Federal Reserve.
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  Our, our digesting Bitcoin content.
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  It's like we're winning. Absolutely winning so hard.
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  It's incredible. I want to know how many of them
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  have. One of those shirts, you know,
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  we got to get to the. Bottom Not many.
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  I actually talked with my boy Joe that not many have those
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  shirts at all. So Streisand Effect in real
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  time. We'll see.
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  We'll see. Anyways, guys, we got a lot to
• 6:39
  talk about. Let's get into this the Bitcoin
• 6:46
  numbers. Is your Bitcoin and cold storage
• 6:49
  really secure? Is your seed phrase really
• 6:52
  secure? Stamp seeds?
• 6:53
  Do it yourself. Kit has everything you need to
• 6:56
  hammer your seed words into commercial grade titanium plates
• 7:00
  instead of just writing them on paper.
• 7:03
  Don't store your generational wealth on paper.
• 7:06
  Papers prone to water damage, fire damage.
• 7:09
  You want to put your generational wealth on one of
• 7:11
  the strongest metals on planet earth, Titanium.
• 7:14
  Your words are actually stamped into this metal plate with this
• 7:18
  hammer and these letter stamps. And once your words are in, they
• 7:21
  aren't going anywhere. No risk of the plate breaking
• 7:24
  apart and pieces falling everywhere.
• 7:26
  Titanium stamp seeds will survive nearly triple the heat
• 7:30
  produced by a house fire. They're also crush proof,
• 7:32
  waterproof, non corrosive, and time proof.
• 7:35
  All things that paper is not allowing you to huddle your
• 7:38
  Bitcoin with Peace of Mind for the long haul.
• 7:41
  Stamp your seed on stamp seed. All right guys, scan the QR
• 7:45
  code. Make sure your seed phrase is
• 7:48
  backed up. It's not on a piece of paper in
• 7:49
  your sock drawer. Get yourself a stamp seed kit.
• 7:52
  And also actually actually, before I forget guys, we are so
• 7:56
  close to hitting our 21K subscriber a threshold on
• 8:01
  YouTube, we will be doing a giveaway.
• 8:04
  I'm guessing probably live on Monday.
• 8:06
  And the mega prize is a stamp seed full kit.
• 8:12
  We might even throw in a shirt or a hoodie in there.
• 8:15
  I don't know where where we'll talk about it over the weekend,
• 8:17
  but one of you guys in the chat that's been hanging out with us
• 8:19
  all year, I wrote my list down. You will be getting a stamp seed
• 8:24
  kit. But for everyone else, make sure
• 8:26
  you scan the QR code and you secure your seed phrase in
• 8:30
  something that will last the test of time.
• 8:34
  Anyways, let's get into the numbers guys because got a lot
• 8:39
  of talk about. Anyways, my favorite number the
• 8:41
  block height TikTok next block. The only date that matters is
• 8:44
  the block height and we are currently at 815,138.
• 8:49
  The current Bitcoin price is 34,730 and actually a little
• 8:53
  side tangent. Ruston we got Rudd pulled
• 8:56
  yesterday with our clickbait title.
• 8:58
  Apparently the Bitcoin price dumped on us when we were like,
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  why did the price go up? Yeah, Bitcoin totally trolled us
• 9:03
  yesterday. That is 100.
• 9:05
  Percent Max Payne Max Payne in regard to the price.
• 9:07
  Anyways, the current Moscow time, AKA what your Fiat dollar
• 9:10
  is worth, AKA how much Bitcoin you can buy for a single dollar
• 9:13
  is currently at 2879 cents per dollar.
• 9:17
  Or for you bit Maxis out there, 287 bits.
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  The total percentage of Bitcoin that will ever be issued, I
• 9:23
  repeat ever be issued until the end of time is currently at
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  93.01%. The market cap of Bitcoin in
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  Fiat terms is at 678.4 billion. The realized monetary inflation
• 9:37
  taking Fiat currencies to school is at 1.74% and that will get
• 9:42
  cut in half. It'll go down.
• 9:44
  It's going to go down in April, roughly April.
• 9:47
  The Bitcoin verse gold market cap.
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  Is at 5.11%, barely at 5% of the gold market cap and that is $10
• 9:55
  trillion guys. And you guys are you guys are
• 9:57
  bearish out there. Couldn't be me.
• 9:59
  Can't relate. Anyways the total public
• 10:00
  lightning capacity is at 5306.99 BTC.
• 10:04
  The hash rate the last 90 days is at 415.4 extra hashes the
• 10:08
  pending fees. Wow.
• 10:09
  OK yesterday was at 1.9, today's at 3.904 Bitcoin currently
• 10:15
  sitting in the men pool that Clark Moody's dashboard is
• 10:18
  reading. And then of course.
• 10:20
  Box to having. We're at 24,862, and as of
• 10:25
  today, the HAVING estimate is the meme number April 20th,
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  2024. Let's let's hope we meme that
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  into reality. Anyways, guys, as we were
• 10:34
  telling you yesterday, we've been covering it constantly on
• 10:38
  the show. The theme.
• 10:40
  Of, you know, yesterday we talked about the flight to
• 10:42
  quality, we talked about the bond market, we talked about
• 10:46
  inflation numbers, We've talked about corporate press covering
• 10:50
  Bitcoin in favorable light or rather even in unfavorable
• 10:54
  light. But it does seem like we are
• 10:57
  crossing the Rubicon into mainstream consciousness and
• 11:01
  moving forward. If you are in financial markets,
• 11:05
  financial media, you will have to talk about Bitcoin.
• 11:09
  And I say it all the time. You know, look, we're just
• 11:11
  Youtubers. We're just Bitcoiners.
• 11:13
  We're just everyday Bitcoiners that happen to make a show.
• 11:16
  We just cover what's going on in the world, so.
• 11:19
  We realize that maybe what we say about Bitcoin doesn't hit as
• 11:23
  hard as when a billionaire rocket scientist talks about the
• 11:26
  same things we're talking about. Or rather, maybe we need to wear
• 11:28
  suits so we seem like we're more authority figures.
• 11:32
  Or. Or maybe one day we'll be on the
• 11:33
  television. And then now that will give us
• 11:35
  some sense of legitimacy. But anyways, this is another
• 11:38
  simply Bitcoin. I told you so.
• 11:40
  Moment. And Saylor is just saying
• 11:42
  everything we've been saying forever on the show.
• 11:46
  Anyways, you can see this tweet by a swan.
• 11:48
  It goes, Michael Saylor is bullish.
• 11:49
  Mainstream awareness seems to be reaching new heights of Bitcoin.
• 11:53
  And this is from today's micro strategy earnings call.
• 11:56
  So we got a short clip, we'll talk about it and then we will
• 11:59
  move on into the news. But check this out.
• 12:02
  He's saying what we say all the time.
• 12:03
  Guys love to see it. We're winning, constantly
• 12:05
  winning so. TuneIn, strap up.
• 12:08
  It's going to be a great bull run.
• 12:09
  Mainstream awareness seems to be reaching new heights.
• 12:13
  For Bitcoin we have we have the likes of Larry Fink referring to
• 12:20
  it as a flight to quality. We have Druckenmiller noting
• 12:28
  that it's a legitimate asset embraced by an entire
• 12:31
  generation. And lamenting that he doesn't
• 12:34
  own more of it or own it, we have Mohamed El Erian on
• 12:38
  television, noting that Bitcoin is being viewed now as a safe
• 12:43
  haven asset. We have a lot of coverage of
• 12:47
  Bitcoin in television, on television networks, news
• 12:52
  networks, and also through mainstream media.
• 12:54
  That should continue to grow. As that coverage increases, that
• 13:00
  combined with increasing availability of Wall Street,
• 13:03
  analyst coverage and new voices emerging in the community like
• 13:09
  like Fidelity with their analysis of Bitcoin, all of
• 13:16
  those new voices and new interest is driving education of
• 13:23
  a new generation of investors. I think we can expect more of
• 13:27
  that during the coming 12 months.
• 13:29
  And all of these things together just create a virtual cycle.
• 13:33
  And as they drive Bitcoin awareness, they should drive
• 13:36
  Bitcoin investment and that should drive more news and that
• 13:39
  should drive more awareness and that should catalyze more and
• 13:43
  more firms to take an interest in supporting Bitcoin or
• 13:47
  investing in Bitcoin. Absolutely love to hear it and
• 13:52
  and remember guys, I I'm. I just thought of this as we
• 13:56
  were live because I I've been using this chart a lot.
• 13:58
  Again, I'm over here at nakamotoinstitute.org chats at
• 14:01
  the Pierre Rashard. He wrote this ten years ago.
• 14:03
  It is titled and the Fed hoard bitcoins and it's a very simple
• 14:06
  chart guys. It's a very simple flow chart.
• 14:09
  This is Bitcoin adoption in a nutshell, as more hoarders.
• 14:13
  Hoddle Bitcoin or more Hodler's whole word Bitcoin, whatever you
• 14:16
  want to say, the Bitcoin price goes up as the Bitcoin price
• 14:19
  goes up, mining profitability goes up, hash power goes up, the
• 14:22
  security of the network increases.
• 14:24
  As the price continues to go up, more media attention goes, more
• 14:28
  perceived legitimacy happens, and then more users start to
• 14:31
  adopt Bitcoin and more merchants start to adopt Bitcoin.
• 14:34
  And this is a virtuous feedback loop and sailor saying the same
• 14:38
  thing. It's almost like bitcoiners have
• 14:40
  been on the signal for a long, long time.
• 14:44
  Pierre Rochard this ten years ago.
• 14:46
  We talk about this constantly on the show, and it's becoming very
• 14:49
  obvious to anyone paying attention closely that the
• 14:54
  Bitcoin signal is spreading, whether it's corporate press,
• 14:56
  whether it's the corporate television shows, whether it's
• 15:00
  institutional adoption. Everyone wants your Bitcoin, so
• 15:04
  I hope you are continuing to stack Bitcoin.
• 15:06
  I hope you're taking Bitcoin into self custody.
• 15:09
  I hope you have steeled your mind so that you do make it
• 15:12
  through the huddle buyout zone because it is going to get crazy
• 15:17
  and the price is just starting to get frothy and that craze is
• 15:21
  going to magnify. It's going to get exponential if
• 15:25
  this is your first cycle. If you've only been born in the
• 15:29
  bear market, like Bane from Batman, then you do not know how
• 15:33
  crazy the bull market gets. Everyone comes out of the
• 15:36
  woodworks. There's new scammers.
• 15:38
  There's new shit coiners, there's new shit coin projects.
• 15:41
  Everyone's correct. You're all geniuses.
• 15:43
  You think you're a genius? And you might make some stupid
• 15:47
  decisions, hence why we constantly tell you to stack,
• 15:51
  SAT, stay humble, stay solvent, make sure your bitcoins into
• 15:54
  self custody. Because we know one thing's for
• 15:56
  sure, as the price starts moving up, Coinbase is going to go
• 15:59
  down. You do not want to leave your
• 16:01
  Bitcoin on those exchanges for longer than when you buy it, but
• 16:07
  it just goes to show that the next year and actually, you
• 16:10
  know, just going back looking in hindsight this last year.
• 16:14
  The conversation around Bitcoin has evolved.
• 16:17
  You know, it's a testament to all the Bitcoin only content
• 16:19
  creators out there. It's a testament to the
• 16:22
  attention that Bitcoin is getting.
• 16:24
  It's a it's a testament to every single one of you guys stacking
• 16:27
  that we have literal billionaires memeing with us,
• 16:31
  taking up all the coins. It just goes to show guys we we
• 16:34
  are winning so hard and and kind of reeling in the Streisand
• 16:40
  effect of what we're seeing from the Federal Reserve in Bitcoin
• 16:42
  Magazine today. This is what winning looks like.
• 16:46
  This is they fudge you, They fudge you, you know, classic
• 16:51
  billionaire or institutional adopter playbook FUD Bitcoin.
• 16:56
  Make sure the price dumps stack your bitcoins, embrace Bitcoin.
• 17:00
  Well, now we're going into that next part of the cycle where it
• 17:04
  seems like the regulatory floodgates are going to open up
• 17:08
  and Bitcoin is going to go nuclear anyways.
• 17:11
  I'm going to cut this one short because I know we have a lot of
• 17:13
  talk about in the news. So Rustin, what's your thoughts
• 17:16
  on this? You know, I when you showed that
• 17:18
  diagram immediately like if you reverse engineer that like you
• 17:22
  go backwards that's the deterioration of the Fiat system
• 17:26
  as the Bitcoin hoarding is playing out because the the
• 17:29
  monetary supply has to. Increase.
• 17:31
  Let me pull that up so we can visualize this.
• 17:35
  Yeah. So if we go back like down
• 17:36
  there, it was like businesses, you know, the reputation
• 17:40
  increases well, institutional reputations are diminishing.
• 17:43
  Banks, well, didn't they have like a blackout this morning
• 17:46
  come across? Yeah, we're, we're checking that
• 17:48
  out. So.
• 17:50
  Bitcoin never goes down. Yep, Bitcoin up what, 99.999999
• 17:57
  over over the 14 year span. So we're, I mean, we're looking
• 18:00
  good out here. Man, it feels so good.
• 18:04
  Winning, Actually, I think I'm gonna take it back.
• 18:07
  This little sober Bitcoin here. This is the moment in the Big
• 18:10
  Short where it's like, just don't dance.
• 18:13
  I'm trying not to dance. I've been telling you guys for a
• 18:15
  while, I'm going to be absolutely bull tarted AF.
• 18:19
  And just remind me. Remind me in the chat, guys.
• 18:22
  Opti, stop dancing. Don't.
• 18:23
  And that mails it. It's not hoarding, it's saving.
• 18:26
  It's what has been stolen from you for well, if you really go
• 18:30
  back to 19141913, the creation of the Fed when they went off
• 18:33
  the gold standard to support World War One, it's kind of
• 18:37
  interesting. They're just a few years apart.
• 18:39
  When they come to be then there is no, I mean there's a definite
• 18:44
  correlation causation with the default in the 30s then going
• 18:47
  off again in the in for World War Two, 70s default, Vietnam,
• 18:52
  Iraq. Now all of this calamity I mean
• 18:56
  Riyad is the money that spreads death and destruction around the
• 19:00
  world. So as that diminishes something
• 19:03
  else takes its place and it's completely counter to all of
• 19:06
  that. It's the sound money future.
• 19:08
  It's Bitcoin and I I just love seeing that yesterday we we've
• 19:12
  gone into Larry think in depth we've kind of gone here and the
• 19:15
  pros, the cons and the other sides we we've gone into the the
• 19:19
  ideas of forks and these things which we've already defeated
• 19:22
  those things. No one can stop Bitcoin, all
• 19:25
  right. We've had the block size warrant
• 19:27
  that that precedent is done. So all you're doing in fighting
• 19:31
  Bitcoin is ruining your own self preservation and your
• 19:34
  opportunity to save for your own future.
• 19:36
  You're cutting into your own futures pockets, so do so at
• 19:40
  your own expense. Yeah, and and furthermore, I I
• 19:45
  think kind of you you touched on or as Nico he says, you buried
• 19:48
  the lead there. As we get more public
• 19:55
  consciousness conversation going, people are going to ruin
• 20:01
  their reputations by being anti Bitcoin and that will just
• 20:05
  further accelerate the demise of the Fiat traditional world
• 20:11
  because. If they're not saying favorable
• 20:13
  things about Bitcoin, then that just leads into questioning
• 20:17
  their integrity in the 1st place.
• 20:19
  And if this sudden change of balance and attention happens
• 20:25
  like quickly, overnight, man, it could.
• 20:28
  It could get absolutely crazy. That get in that gets into and
• 20:32
  we've had him on a lot kind of into the Dunworth Peter Dunworth
• 20:37
  theory of like the really. Like gradual then suddenly means
• 20:41
  real suddenly. That's kind of his take on it.
• 20:43
  So I mean there's so many ways it can play out.
• 20:46
  There is no predictive method. You just know that there
• 20:49
  currently is the slow, gradual climb.
• 20:51
  Demand is going to continue to increase because Fiat will
• 20:55
  continue to to diminish as its reputation, its stature, it's it
• 21:00
  serves no purpose as money other than a method of exchange in a
• 21:04
  very. Shitty one at that.
• 21:05
  Because you're censored and monitored with all your
• 21:08
  exchanges. Unless you're using cash, of
• 21:10
  course. But yeah, gradually.
• 21:12
  Then suddenly we are still in the gradually part.
• 21:15
  But hey, buckle up, make sure your sats are in cold storage.
• 21:18
  Anyways, before we get into covering today's news topic,
• 21:21
  shouts out to the boys over at Bitcoin Magazine, AKA the
• 21:24
  Bitcoin Conference, Bitcoin 2024.
• 21:26
  We are taking over Nashville July 25th, 27th, 2024.
• 21:31
  Get your tickets today. I I I say this all the time and
• 21:34
  and I say it kind of jokingly and trolling.
• 21:37
  Get your tickets today because I know you're going to FOMO into
• 21:40
  the conference. Or rather you're going to have
• 21:42
  FOMO when the conference is happening.
• 21:43
  Like you know you're too cool to buy the ticket, you like
• 21:46
  trolling the conference, but when it happens, everyone likes
• 21:48
  to have fun. Party with your favorite
• 21:50
  bitcoins, party with your friends and family out there and
• 21:53
  we're taking over Nashville. Nashville is going to be
• 21:55
  awesome. Anyways, you can use the promo
• 21:57
  code simply and get yourself a discount on those tickets.
• 22:01
  This is the cheapest it's going to be.
• 22:02
  So get them now guys, and we will see you in Nashville.
• 22:06
  I I'm pretty sure we'll bring the whole crew there, so we'll
• 22:09
  see you in the flesh. Anyways, let's get into today's
• 22:13
  news story. We got a lot to cover.
• 22:19
  The Daily News. I want to give a shout out to
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  Link in the show notes below to learn more.
• 23:18
  All right guys, make sure you hit the QR code.
• 23:22
  We we do this by design. You know, you get you get
• 23:26
  yourself your very optic friendly Nokia, AKA your
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  Passport Foundation device. And they.
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  Look, plain they look and then you get yourself the stamp seed
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  so that you can secure your seed phrase for the long term.
• 23:42
  Anyways, Reston let me know what I gotta.
• 23:45
  Do let's go ahead and get it started, 'cause I think it's a
• 23:48
  good lead in let's start with Elon Musk and Joe Rogan.
• 23:53
  And this was just the other day before the the the finish of the
• 23:57
  trial talking about how the media portrayed this guy.
• 24:00
  So let's let's start with that who SBFSAPR team is, but they
• 24:08
  they're doing an incredible job. For real?
• 24:12
  Well, I mean, I mean the dude, but tons of people often stole
• 24:16
  their money and yet he he's getting basically, you know,
• 24:20
  back rubbed from the press. Well, don't.
• 24:23
  You think that's because of the amount of money that he donated?
• 24:25
  Yeah, I don't know. I don't know what the deal is.
• 24:27
  It might have something to do with that.
• 24:29
  I'm not that cynical. I and I luck out.
• 24:32
  People think people are influenced by money.
• 24:35
  Well, I don't know what he's doing, but something's going on.
• 24:38
  The number of articles that I've seen where it's like, you know,
• 24:41
  where it's basically, you know, a misunderstood philanthropist.
• 24:48
  It's ridiculous. Wow.
• 24:52
  Hit the nail on the head. All right Ruston, do I bring
• 24:56
  your screen in or my screen? All right.
• 24:57
  So that was interesting. When you played, I did not see
• 25:01
  the clip or any of that. So kind of cool.
• 25:04
  But hopefully you guys got that and got the signal and saw what
• 25:06
  was going on there. Yeah, let's go into this news.
• 25:09
  So opti's going to drag that over for us.
• 25:13
  We got my, my, my screen or your screen.
• 25:16
  My screen, and then we'll roll the clips as we go.
• 25:21
  So we're showing Slack here. Oh, let me see here.
• 25:28
  Whoa, whoa, whoa. See, my thing is lagging super
• 25:32
  hard right now. Let's You seem to be coming in
• 25:35
  for me, bro. OK, good.
• 25:37
  All right, so there we go. Up D let's bring it in so we
• 25:41
  know how they treated him. They know he was their darling.
• 25:44
  They said he was like, this famous traitor.
• 25:47
  He was this crypto marvel. No one heard of the guy.
• 25:50
  And then the Miami Heat made a stadium after him and all this
• 25:53
  bullshit he was like. You know, at least Steve Jobs
• 25:56
  did some work. At least he built something and
• 25:59
  made something. I don't know what this guy did.
• 26:01
  I don't know how he graduated college at whatever MIT.
• 26:04
  You got to be shitting me if you saw any of this trial, All
• 26:07
  right. But anyway, guys, you know, we
• 26:10
  got Osama. We got what?
• 26:12
  What? We got a Saddam.
• 26:15
  And it looks like we also got SPF.
• 26:18
  Let's roll it. OK.
• 26:20
  OK, I got you right here. Wow, Russ.
• 26:23
  OK, OK. Ladies and gentlemen, we got
• 26:27
  them. The cryptocurrency industry
• 26:30
  might be new. The players like Sam Bankman
• 26:33
  Freed, might be new, but this kind of fraud, this kind of
• 26:37
  corruption, is as old as time. And we have no patience for it,
• 26:43
  sorry. Ladies and gentlemen, all right,
• 26:55
  now let's get to the news. News.
• 26:58
  Opti, we got a good article from Zero Heads for you guys taken
• 27:02
  down. Let's see.
• 27:05
  Can you guys see? The article?
• 27:06
  Yeah, it's looking a little blurry for me.
• 27:08
  Let me see if I bring it in again.
• 27:09
  Let me zoom them, zoom it in. Looking good, Opti.
• 27:16
  A little better, but just keep going, keep going.
• 27:18
  OK, so here we go. Final faces.
• 27:21
  Over 100 years in prison, but again, we won't know until March
• 27:25
  28th. But 15 days of testimony?
• 27:27
  An hour and a half? Oh, wait. 4 1/2 hours of
• 27:30
  deliberation. Not long.
• 27:32
  So they were kind of like in and out.
• 27:33
  We get it. Guilty on all 7 counts related
• 27:36
  to fraud and money laundering. Something is missing there
• 27:38
  though. I I'm kind of upset about that.
• 27:41
  He's scheduled to be sentenced March 28th for possibly more
• 27:44
  than 100 years in prison. Of course he's going to appeal,
• 27:48
  but this is interesting because SBF is one of the most
• 27:50
  responsible for Biden and the Democrats.
• 27:54
  He's their number 2 donor behind.
• 27:56
  George Soros, that's kind of cool.
• 27:58
  Not really. Even though you're one of the
• 28:00
  biggest donors, I assume he does not know who you are.
• 28:03
  This was them talking about SBF, knowing Biden, et cetera, then
• 28:10
  at the end. So you've never met with him,
• 28:11
  even though you're one of the people who is amongst the one
• 28:14
  most responsible for him being in office, he said.
• 28:16
  Yep. So I don't know if you know the
• 28:18
  history of either of those two people, but I don't think I
• 28:21
  would trust SBF or Biden's words as far as I could throw either
• 28:24
  of them. And despite his vegan diet, it's
• 28:26
  not doing very good for his weight.
• 28:28
  I don't think I could throw that guy very far.
• 28:31
  Yes, get gonna have the appeal, including seven counts.
• 28:34
  Wire fraud, money laundering, securities fraud, and yeah, bad,
• 28:40
  bad news, ladies and gentlemen. So what was it all about?
• 28:44
  They were trying to figure out did SBF.
• 28:47
  Orchestrate the the grand, the grand scheme.
• 28:50
  According to US Attorney Nicholas Ruse, the answer lies
• 28:54
  in a pyramid of deceit, with 10 billion in customer funds
• 28:56
  vanishing into a black hole of personal indulgences and opaque
• 29:00
  financial maneuvers. The defendant schemed and lied
• 29:03
  to get money, which he spent, Ruse told the court, dismantling
• 29:06
  the image of an earnest entrepreneur caught in a
• 29:09
  misstep. Yeah, don't, don't fall for that
• 29:12
  BS. But again, what was missing?
• 29:16
  Is very interesting because, well, SBF did not face campaign
• 29:21
  finance charges when the whole thing was a racket used to do
• 29:28
  just that. So it's very interesting on what
• 29:30
  they choose to identify and not, but also.
• 29:33
  Elon talked about the media, who controls the media.
• 29:36
  About 70 to 80% are funded by the pharmaceutical companies and
• 29:40
  and things of that nature. They are not here looking out
• 29:43
  for your best interest. They are not here to inform you,
• 29:46
  to educate you that does not serve them, OK.
• 29:49
  So it's great to see that. We'll see what happens in March,
• 29:53
  but it looks like justice is being served.
• 29:56
  And just a friendly reminder out there to all of you, Larry
• 30:00
  David. Is the effing goat OK, so say
• 30:03
  what you want about Larry David. He did the world a service that
• 30:07
  day. All right, moving on.
• 30:09
  Here is where it's going to get interesting.
• 30:12
  OK, there is seems to be a connection.
• 30:15
  Now this is from a year ago, so we know where things were at
• 30:18
  that point. Not looking good.
• 30:20
  This is because it was at let me see, Pacific Bitcoin was about
• 30:24
  when when it all came unravelled.
• 30:26
  So this is just a couple months after all that, and he's just
• 30:29
  like hell. Guys seemed all right.
• 30:31
  Why not? Like he, like Kevin O'Leary is?
• 30:36
  I don't know if this is the equivalent of the late 30s, when
• 30:40
  people were schmoozing with Hitler at like, the UN or
• 30:44
  something, but I don't know. It's eerily familiar.
• 30:47
  Maybe I already lost my argument because I mentioned Hitler, but
• 30:50
  hey, he's bald. There could be something going
• 30:53
  on. There is shit Corning, a
• 30:55
  degenerative disease. Let's find out and see what
• 30:59
  Kevin O'Leary shows us. I.
• 31:02
  Watched Shark Tank. One of the things you've said
• 31:05
  repeatedly on Shark Tank is that you are happy and you prefer to
• 31:09
  back entrepreneurs that have failed before because they've
• 31:11
  got more experience that failed before.
• 31:13
  If SPF knocked on your door again and said, look, I failed
• 31:17
  in my last venture, I have a new crypto venture.
• 31:21
  I need money. Would you back him?
• 31:26
  That's a great question no one's asked me yet.
• 31:29
  I think we can all admit you can love him or hate him given
• 31:32
  what's happened, but he was one of the most brilliant traders in
• 31:37
  the crypto universe. He also built one of the most
• 31:40
  robust platforms. We used FTX actively.
• 31:43
  It was a very robust platform that allowed us to get
• 31:46
  information on a compliant basis.
• 31:48
  So I really like what he built. Would you back him?
• 31:56
  The answer would be. Yes.
• 32:02
  All right. So if after watching that you
• 32:04
  felt like Squidward when he takes his brain out and then he
• 32:06
  erases all the lines and puts it back in, you're you're you're on
• 32:11
  the good side of the bell curve here.
• 32:12
  Now guys, we're getting into some other side here.
• 32:15
  We understand SPF and and all that and the the people
• 32:18
  scamming. That get all this recognition
• 32:21
  and looked at as experts maybe they should be looking in
• 32:23
  different directions like you know like right here in the Fed
• 32:26
  Now what's wrong with that? Now I have a challenge for you
• 32:29
  guys out there all you in the comments I had this idea and
• 32:33
  it's a great meme. So it's Jerome Powell.
• 32:36
  He's sitting at the table, he's got a coloring book and he's
• 32:38
  trying to make his new Fed Now logo.
• 32:40
  And then he's rage quitting because people are stop, stop
• 32:44
  making fun of my CBDC guys, I worked months on this.
• 32:48
  Stop making fun of it. OK, but what he's really doing
• 32:52
  and Opti Hannah did this. Let's see if it pulls up.
• 32:55
  There's something called the Streisand effect.
• 32:58
  OK, I would like to get this up here so you don't just have to
• 33:01
  take my word for it, But let's see, guys.
• 33:04
  The Streisand effect is when you try to pull it up.
• 33:08
  Yeah, see if you can grab that Opti.
• 33:10
  My thing is continue, continue. Yeah.
• 33:13
  OK. Streisand Effect is when you try
• 33:15
  to censor something and you have complete blowback because that
• 33:19
  inadvertently you're advertising for the thing.
• 33:22
  So people are going to see the Fed is upset about this.
• 33:25
  Well, why is the Fed upset about this then people who well, my
• 33:30
  magazine or why do they hate Bitcoin?
• 33:32
  Well, you know, Bitcoin is the complete opposite is it is the
• 33:36
  antithesis. To the military industrial
• 33:39
  complex, the Cantalon effect, all of these things.
• 33:42
  So if you guys check in on there, the Streisand effect, the
• 33:45
  unintended consequences of attempts to hide, remove or
• 33:48
  censor information where the effort instead backfires and
• 33:52
  creates more awareness. All of this with SPF and that
• 33:56
  and it even create an opportunity.
• 33:58
  Opti was talking about this with my dad like he he constantly was
• 34:01
  getting crypto Bitcoin mixed up. And then yesterday I saw him and
• 34:05
  I was like. Joe, they got that SPF guy
• 34:08
  guilty and and I was like, yeah, yeah, so and he said the crypto
• 34:14
  scheme guy. And I was like right crypto, not
• 34:17
  Bitcoin. And he was like, yeah, and I was
• 34:19
  like, OK, we're getting there. We're getting there.
• 34:21
  We're planting those seeds. But we need to continue because
• 34:24
  this will not be the first, it is not going to be the last,
• 34:28
  the. Status are going to be status.
• 34:31
  Central planners are going to be central planners.
• 34:33
  Financial terrorists are going to be financial terrorists, and
• 34:36
  they're going to try to embezzle.
• 34:37
  They're going to try to create paper Bitcoin and they're going
• 34:40
  to do all these things. But Bitcoin always exposes the
• 34:43
  frauds. It always does.
• 34:45
  Whether it be Elizabeth Warren, Oregon, Kevin O'Leary, OK,
• 34:49
  Bitcoin is doing it all the time.
• 34:51
  And we want to drive this point home.
• 34:53
  You need to make sure that you're taking self custody of
• 34:55
  your Bitcoin. If you're not, it's not your
• 34:58
  Bitcoin. Now there are some positive
• 34:59
  effects in certain ways that Opti will cover with with the
• 35:04
  the ETF and some different things there.
• 35:06
  But if you're a real Bitcoin, you want self custody, not Larry
• 35:09
  Fink holding your Bitcoin. That may benefit some people
• 35:12
  that that need that type of thing, but Coinbase?
• 35:16
  Binance. All of these things with the big
• 35:19
  dogs getting in, they would probably love to shake these
• 35:22
  guys out and stack some corn. So we also know the SEC
• 35:28
  allegations and the lawsuits on the horizon with Binance and
• 35:32
  these people. So make sure using trusted
• 35:34
  Bitcoin only services do not mess with any altcoin.
• 35:40
  Crypto Casino. We know where that leads.
• 35:42
  It is a recipe for disaster, and we've been telling you this for
• 35:46
  a long time. So we're going to play this old
• 35:47
  clip on an episode where we talked about Gary Gensler
• 35:51
  saying, hey, Bitcoin, if it's not Bitcoin, it's an
• 35:54
  unregistered security and it's probably going to 0.
• 35:57
  So great one here. Jack Baller sends the signal
• 36:00
  shout outs to producer John. This is a straight heater in the
• 36:07
  equities market and So what Brian Armstrong somehow did to
• 36:09
  his own fault and that's why I'm calling him out, is he tried to
• 36:13
  replicate the equities market. He found his business advantage.
• 36:15
  As I'm a first mover, I was here first.
• 36:17
  I have the most licenses and sure Jack, you can sell Bitcoin,
• 36:20
  but I sell Al Gran coin and pink coin and left sock coin and BBQ
• 36:23
  chicken coin. And so you can never compete
• 36:25
  with me because I've built this regulatory Moat and this first
• 36:27
  mover advantage and what he's done is he's built a proxy long
• 36:30
  positions on altcoins which make no sense, right?
• 36:33
  And he's replicated the equities market.
• 36:36
  So, Binance. Incredible.
• 36:40
  You're you're muted Reston for some reason.
• 36:42
  Yeah. And then there's that montage of
• 36:44
  all of the times we we were going through some.
• 36:46
  I guess I can keep going. I can keep playing.
• 36:48
  It oh, do it after do it. There's some signal there dot US
• 36:53
  has no Bitcoin. As soon as it's deposited to
• 36:56
  binance dot US, it's sent to Binance International.
• 36:59
  Where it's completely out of the hands of US regulators.
• 37:02
  It's very interesting that Binance knew exactly which
• 37:05
  strings the pool in the FTX collapse.
• 37:07
  It's almost like they have intimate knowledge of the
• 37:09
  workings the company because they're probably doing it
• 37:12
  themselves. So funds, not SAFU.
• 37:14
  Coinbase. That seems to be a potential
• 37:16
  target, especially since CEO Brian Armstrong was one of the
• 37:19
  first to report on the staking crackdown.
• 37:22
  All centralized protocols will be labeled on registered
• 37:25
  securities. So I'm not saying like CC as an
• 37:28
  agenda is bad or whatever. I'm just saying like there's
• 37:31
  obviously periods where the the proof of reserve wallets have
• 37:34
  changed. They've switched them up.
• 37:35
  They've they've commangled corporate funds and recovery
• 37:39
  funds and customer funds and admitted to it.
• 37:42
  And I raised that up and people were like FUD, FUD, FUD, FUD,
• 37:45
  FUD, and I'm like guys like buy Bitcoin.
• 37:48
  Earn Bitcoin, Mine Bitcoin. Take that Bitcoin into self
• 37:51
  custody and forget about it. As a bitcoiner.
• 37:53
  You will be watching from the sidelines with your popcorn
• 37:57
  saying I can get cheaper Bitcoin now because this.
• 38:01
  Is a disaster that they caused. Crypto giant Binance moved 400
• 38:06
  million from US partner to firm Managed.
• 38:09
  How long does this go? Himself.
• 38:11
  That sounds a lot like the insider movements from FTX to
• 38:14
  Alameda. On one occasion, Binance only
• 38:16
  had 100 million in stored collateral to support 1.7
• 38:21
  billion in Binance Peg USDC. We're financially OK People can
• 38:28
  draw. Withdraw 100.
• 38:29
  Looking real good out there. All right.
• 38:32
  Wow. I I think the point was made.
• 38:34
  Oh, man. Incredible.
• 38:36
  Incredible job. Bitcoin only guys.
• 38:40
  Oh my God. All right, all right, well,
• 38:42
  Ruston, is there more? Or is this the point where I
• 38:45
  started ranting a little bit? So things things are getting
• 38:50
  pretty interesting out there. The feds fighting us it.
• 38:53
  It's a futile effort. I guess we we should applaud
• 38:57
  their, I don't know, valiance or whatever, but hey, good things
• 39:02
  are happening. Bitcoin is set to destroy the
• 39:06
  financial tyrants and free society.
• 39:09
  But yeah, Opti, what are your thoughts?
• 39:11
  A lot of news today. Yeah.
• 39:13
  All right. Well, you know, my cynical take
• 39:16
  at first is obviously we shall see what actually happened with
• 39:23
  SPF moving forward. I know there's some kind of
• 39:27
  delay between this guilty conviction and his sentencing.
• 39:32
  So I, you know, I, I don't like to wish a cage or or state
• 39:40
  violence on anyone. But I also believe in being a
• 39:43
  good person. And you know, we believe that
• 39:47
  this is a symptom of shit coinery.
• 39:51
  Some people might angle this as SPF just doing, you know, good
• 39:55
  old fashioned fraud and trying to get away with it.
• 39:59
  There is seemingly some collusion in regards to the
• 40:04
  powers that be and the media. And wow, this whole thing has
• 40:09
  been happening. Us bit corners have been ringing
• 40:11
  the alarm on this since probably the very beginning and we get
• 40:16
  called Toxic and and we get rolled into shit corners making
• 40:20
  us all look bad. You know, FTX blew up.
• 40:23
  They had. What was it like?
• 40:27
  I forget what the numbers was, but something ridiculous of of
• 40:31
  no paper, no actual Bitcoin on their exchange, A stupid amount
• 40:35
  of paper Bitcoin over there, and it literally adding that with
• 40:40
  the the China ban on mining, it neutered the last bull market
• 40:44
  again. We all get made look bad because
• 40:47
  the shit coin is out there. But you know, looking at the
• 40:50
  bright side shouts out to FTX for giving us cheap Sats for so
• 40:53
  long. I know it was a pretty brutal
• 40:55
  bear market. It it was pretty tough,
• 40:57
  especially if you're on the Bitcoin standard.
• 41:00
  It was a it was a long drawn out bear market.
• 41:03
  But I think. Hey, that's a good comment from
• 41:07
  Torah Pottle. Meme it into reality.
• 41:10
  Prisoner. Prisoner swap, release Ross and
• 41:13
  lock up SPF. Let's do it.
• 41:14
  Start the petition today. That'd be that'd be that'd be
• 41:18
  crazy. But yeah, I mean, look again, I
• 41:21
  hate to sound like a state is here, but like there's laws in
• 41:24
  America. This is why we think moving
• 41:28
  forward, especially considering what the SEC is angling in
• 41:31
  regards to shit coin, you can't be jumping into shit coins
• 41:34
  anymore because they are all unregistered securities.
• 41:37
  There's Bitcoin and there's shit Coin.
• 41:39
  And so you know, FTX came on the scene strong.
• 41:43
  They had arenas with their names on it.
• 41:45
  SPF was out there as what was his his meme?
• 41:49
  Altruistic. Effective altruism.
• 41:54
  Yeah, Effective altruism obviously not effective, nor was
• 41:57
  it altruistic. It's just a good virtue
• 42:00
  signaling meme and we have to deal with the calamity of all
• 42:04
  this stuff. Every conversation that I've had
• 42:07
  recently, whether it's my parents, whether it's friends
• 42:10
  that are, you know, just vaguely aware of Bitcoin and shit coins
• 42:15
  in the crypto industry have all asked me the same thing.
• 42:18
  What's up with this SPF guy? And you know, it's like this
• 42:22
  guy's a fraud. He's been known to be a fraud
• 42:24
  since the very beginning. Most every bitcoiner that I know
• 42:28
  has been calling it out since the very beginning and then it
• 42:31
  turns out that they literally had no Bitcoin on their
• 42:34
  platform. So hopefully this saga can
• 42:37
  finally come to rest, because I've been saying all year
• 42:39
  they're going to use this low hanging fruit example for as
• 42:42
  long as it has weight, and even when he goes to jail they will
• 42:46
  still use this example. So I don't think we are out of
• 42:50
  the woods yet in regards to the SPF saga.
• 42:53
  Maybe this is going to be like a Mount Gox saga thing, you know,
• 42:56
  where like, it's always going to be that umbrella looming above
• 43:00
  us, that storm that's like, oh whoa, what about another FTX?
• 43:04
  And This is why we need to regulate Bitcoin and shit coin.
• 43:07
  And it just goes to show just how early we really are in the
• 43:12
  Bitcoin space. And we've been covering it a
• 43:14
  long time. You know, say what you want
• 43:16
  about the powers that be the ABC man out there, but I do believe
• 43:22
  that there may again, I hate to be labeled as a status.
• 43:27
  I can already hear you guys calling me a status, but having
• 43:30
  some what's the meme regulatory guidelines here and just showing
• 43:34
  that Bitcoin is something? Update He violated people's
• 43:38
  natural law, right? Wasn't that their property that
• 43:41
  he stole? That's what I'm.
• 43:43
  Saying allocated like like. These are very basic, basic
• 43:47
  tenants. Yeah, very basic.
• 43:48
  He literally stole from you guys and you guys are still still
• 43:53
  bigging him up. Kevin O'Leary out here, you know
• 43:56
  someone's, I think it was XX. He's like like Kevin O'Leary is
• 43:59
  the host of Shark Tank. His literal job is to look into
• 44:02
  people's backgrounds and he still is endorsing SPF.
• 44:07
  Like the the amount of clown world stuff that has gone on
• 44:12
  around SPF is absolutely incredible.
• 44:14
  It's it's it's damn near nauseating.
• 44:17
  And you know, again I I don't like to wish state violence on
• 44:20
  people. But like bro, he broke the law.
• 44:23
  There is. There's very real long lasting
• 44:27
  laws that he is broking. He defrauded the customers out
• 44:30
  there and yet FTX is, it's in the works of re rolling itself
• 44:35
  out without SPF like that brand is absolutely destroyed.
• 44:38
  I don't know anyone in their right mind who would.
• 44:41
  Want to put any Carter on FTX? It's absolute clown world.
• 44:46
  Hence why I really like that montage.
• 44:48
  I'm glad we played that as well. Reston is we've been saying for
• 44:51
  a long time. Look, we know all Bitcoin
• 44:54
  companies aren't perfect, but you want to make sure that you
• 44:58
  are at the very least going to a Bitcoin only exchange to get
• 45:01
  your Bitcoin because you never know what's going to happen.
• 45:05
  And at least Bitcoin only exchanges have put their own
• 45:10
  reputation online to ensure that the customers out there don't
• 45:14
  get defrauded. Like it's absolutely incredible
• 45:18
  that we are in this situation right now.
• 45:21
  And I I I think we were saying and very cynical.
• 45:25
  I won't, I won't say Nico, I I think I was very cynical on the
• 45:28
  shows like look, SPF is going to walk walk out of this with just
• 45:32
  you know slap on the wrist and I think it's still yet to be seen
• 45:36
  whether that is the case. Yes, he is, you know, guilty.
• 45:40
  And hopefully the the court of public opinion will show that he
• 45:44
  is guilty and not like what they're saying out there.
• 45:46
  The narratives of like, oh, he's just a kid.
• 45:49
  He didn't know what he was doing.
• 45:50
  No, there's been internal dialogue.
• 45:53
  We've been showing it all all year long that they knew exactly
• 45:56
  what they were doing, that I just.
• 45:58
  See Caroline herself, Fake big point like it's incredible.
• 46:03
  I just see like big hypocrisy too in leaving out the campaign
• 46:07
  finance issue. When if you go back the 90s and
• 46:10
  80s, there was like this connection with like GOP and
• 46:14
  like casinos and churches and some money laundering operations
• 46:18
  that were going on there to fund conservatives and I mean that
• 46:22
  got like you know, that was a big ass deal.
• 46:25
  And the the the politicians, I mean it was a campaign finance
• 46:28
  violation. They they violated campaign
• 46:31
  finance laws. They accepted stolen funds.
• 46:34
  Where's? Where's the, you know,
• 46:37
  consequences there. Yeah.
• 46:38
  Where where's the clawbacks on that money?
• 46:40
  Are are the politicians gonna give that money back?
• 46:43
  No. Absolutely incredible.
• 46:44
  And actually, you reminded me of a point that I wanted to touch
• 46:47
  on and everyone was saying in the chat and I'm gonna double
• 46:51
  down even further. Look, we didn't even have video
• 46:54
  footage of this court ruling. There was like, I I forget what
• 46:58
  it was, but it's something like 2 to 4 hours where they're like,
• 47:00
  OK, sorry, public has to get out of here.
• 47:02
  Jury has to get out of here. We have to talk about some
• 47:05
  things and we don't get to see what's going on like what kind
• 47:08
  of Shenet. Shenanigans are happening.
• 47:10
  We only we only televise trials when someone shits on Johnny
• 47:14
  Depp's bed. Up to you that that's exactly
• 47:17
  like what is. And then furthermore, I was
• 47:19
  going to double down on this. Do not forget the amount of
• 47:23
  meetings that Gary Gensler had with Sam Bateman freed.
• 47:28
  Like, guys, what the hell is going on here?
• 47:31
  You know, I, I, I, you guys always say, oh, we're just, we
• 47:34
  come on simply Bitcoin and we just whine and complain.
• 47:36
  About that too. And they're changing.
• 47:39
  But dude, just guys. It's about exposing the
• 47:44
  hypocrisy of the system. We constantly bring on the
• 47:47
  receipts every single day so that the hypocrisy gets exposed
• 47:51
  so that that we can plant and incept these ideas and people
• 47:53
  and and hopefully have them ask questions and wonder.
• 47:56
  Wait, what the hell is going on? I weren't they saying the
• 48:00
  opposite a couple days ago? Now like, what is going on?
• 48:02
  This is what we're trying to instill in.
• 48:04
  Anyone. Everyone.
• 48:05
  Anyways, Ruston, jump in. Sorry, there was Gary actually
• 48:10
  had some things that he had to deal with, with some campaign
• 48:13
  things back with Hillary as well.
• 48:15
  You know he kind of got off on those surprise, surprise.
• 48:18
  But these things, you know, we we see chains of criminals.
• 48:22
  And getting promoted like the felons like Lagarde that that
• 48:26
  dictate whether, you know, people go poor the next few
• 48:29
  months and things of this nature.
• 48:31
  These people are not looking out in your best interests.
• 48:33
  They want to make you poor and they want to make you completely
• 48:36
  reliant on their system. That's all it is.
• 48:39
  But you don't need to be reliant on them.
• 48:41
  They're irrelevant now. Absolutely incredible.
• 48:45
  It's just it's it's nuts man. And and yeah, look at what's
• 48:51
  where, where'd this guy Archie shouts out to, Archie says.
• 48:54
  And what about his parents and the lawyer guy?
• 48:56
  Like this whole saga is is absolutely incredible.
• 49:01
  It's just it's really mind blowing and and look, being
• 49:06
  generous. Yeah, you can say oh they didn't
• 49:08
  know, you know oh you know what's that one rule I I forget
• 49:11
  what it is. But like what you can attribute
• 49:14
  to malice you can just attribute to stupidity.
• 49:16
  I I think at this point you you you can pretty much safely
• 49:22
  suggest that there is some kind of back end stuff going on and
• 49:26
  we're just not a part of it. Guys, you're not.
• 49:27
  I'm pretty sure negligence is not a defense in this in this
• 49:32
  arena. It's crazy.
• 49:34
  It's absolutely crazy. All right.
• 49:36
  Anyways guys. Wow whoa wait.
• 49:40
  Before I go on though I I do want to shout out our boys
• 49:44
  because you did bring it up and let's let's Barbra Streisand
• 49:49
  this a little bit So as we covered and and I'm sure Nico
• 49:53
  and I will cover this on Monday just because it's kind of a a
• 49:55
  big story. This Is Us then they fight you
• 49:58
  stage This Is Us over the target and I talked with my boy Joe.
• 50:02
  He literally is the one that put pushed the edit button out
• 50:05
  there. You know fed now Federal Reserve
• 50:10
  suing Bitcoin magazine for these T-shirts right here.
• 50:14
  They hadn't sold any of them. So this isn't like a marketing
• 50:17
  ploy. I I think he told me they sold
• 50:18
  like less than ten of these shirts and someone said in the
• 50:21
  chat these shirts might become collector's editions.
• 50:25
  I might have to get one just cuz now.
• 50:28
  But Barbra Streisand effect in real time and and this just goes
• 50:32
  to show, like as much as they try to paint SPF as as being a
• 50:36
  good guy, you know that the powers that be are working in
• 50:39
  your favor. It's just it's just more and
• 50:43
  more and more shenanigans and it's just it's absolutely
• 50:47
  incredible. Anyways, before we move on to
• 50:50
  the culture shouts out to the boys over at Kaboom Racks.
• 50:52
  Kaboom racks go to kaboomracks.com.
• 50:57
  If you are thinking about getting into mining, you can buy
• 51:01
  a six, you can sell a six they get.
• 51:03
  They'll even host a six for you. They have their Stellar Kaboom
• 51:06
  Racks firmware so you can make sure that your ASICS are running
• 51:10
  however you want them. Get in touch with.
• 51:13
  Them best deals you're going to get on miners guys right there
• 51:16
  this is the place to go. Get in touch with them in
• 51:18
  telegram group. They got a solid telegram group
• 51:20
  and and get in touch with my boy Alex.
• 51:23
  He is constantly in touch with you guys.
• 51:26
  If you are questioning whether you want to get into mining I'm
• 51:30
  sure he will probably tell you not to buy miners.
• 51:33
  Even though his job is to tell you to buy miners.
• 51:36
  They are the goats out there. They they'll answer all your
• 51:39
  questions. They'll basically give you that
• 51:41
  white glove service every single day so that you know what you're
• 51:44
  getting yourself into. This is their job.
• 51:46
  So get in touch with Alex at Kaboom Racks, jump in their
• 51:49
  telegram group, go to kaboomracks.com Kaboom Racks and
• 51:53
  if you've been on the fence, they'll let you know when's the
• 51:56
  best time to be buying some ASICS and what you should be
• 51:59
  buying. And Alex is telling me he's he's
• 52:03
  he's pretty bullish, pretty bullish on on the Gen.
• 52:08
  A6 that are going to drop soon. So we'll probably bring them on
• 52:12
  the show soon anyways. Yeah, I can't wait to see the
• 52:15
  dynamics of how that's going to, you know, with the hash rate,
• 52:18
  the profitability like S nines, you know those guys are probably
• 52:23
  about obsolete. How like I still from what I've
• 52:26
  seen, they say S 19, J Pros, we're still looking solid 334
• 52:30
  years of some solid profitability.
• 52:32
  But I mean, who knows? Who knows where everything goes?
• 52:39
  But I love The Who knows? Alex knows the Kaboom Rats.
• 52:42
  Guys know? Get in touch with them.
• 52:44
  Let's get into the culture, the daily culture.
• 52:50
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• 53:14
  Yeah the chat. Yeah the chat is is undefeated
• 53:18
  undefeated shots at the planet. I was fed down response letter
• 53:21
  from Bitcoin mag is so good. Best advertising ever.
• 53:23
  Probably going to orange pill some folks at the Fed over this.
• 53:26
  Oh yeah. I wanted to say when I was
• 53:28
  talking to my boy Joe, we were laughing at the idea that
• 53:32
  someone over there some dupe over at the Federal Reserve is
• 53:36
  his job is to just read Bitcoin Magazine.
• 53:39
  Like his job was to comb over Bitcoin Magazine's trolley merch
• 53:44
  and and write up a report against it.
• 53:47
  Like just absolutely love it. And everyone else, you you guys,
• 53:50
  you guys are hitting on it. Did they not?
• 53:52
  Did. They not see that's blatant
• 53:54
  sedition X like it's a yeah so yes what what I'll I'll maybe
• 53:59
  I'll cover it. We'll cover it next week
• 54:01
  probably. You know, the TLDR is that they
• 54:04
  were saying that Bitcoin Mag was trying to associate themselves
• 54:07
  with the Fed Now system when it was a complete opposite.
• 54:10
  They were making fun of it. They were ridiculing it.
• 54:13
  It's parody anyway. Trust.
• 54:15
  Us. No one wants to be a part.
• 54:17
  No one here wants part of the incredible, all right, guys.
• 54:20
  So before you guys continue to call me simply status show and
• 54:24
  renaming the show or or renaming the show as simply black rocker,
• 54:28
  simply institutional invest, You guys know what I say all the
• 54:32
  time. The most important thing is for
• 54:34
  you guys, the individual, to be holding spot Bitcoin.
• 54:37
  Literally custodying your Bitcoin is the revolution.
• 54:40
  It's a paradigm shift. Taking control of your money is
• 54:44
  the revolution. Do not leave your Bitcoin on
• 54:47
  exchanges. Do not trust someone else with
• 54:49
  your money. But with that being said, I did
• 54:51
  mention this tweet from Rip Van Winkle, AKA Daniel Erepole, and
• 55:01
  I I really like this. It really kind of, I don't know,
• 55:06
  I wouldn't say necessarily like planted new ideas, but the
• 55:10
  numbers here, the numbers here are are so strong.
• 55:15
  It's it just goes to show that Satoshi, I think, really
• 55:20
  thought, thought this whole thing through.
• 55:22
  And you know the mean Bitcoin is for enemies.
• 55:25
  I don't know if that's the best meme, but people's incentives
• 55:28
  will incentivize them to embrace Bitcoin and not necessarily
• 55:32
  fight it. You know, we we know the
• 55:34
  BlackRock concerns about them forking Bitcoin.
• 55:36
  But hey, if Uncle Larry Fink has shown US one thing is he loves
• 55:43
  money. And of course he's going to love
• 55:45
  the best money in the world. So whether he's a full blown
• 55:48
  bitcoiner on the Bitcoin standard, probably not.
• 55:51
  He's chasing Fiat gains. It it, it is what it is.
• 55:54
  But let me read this thread because it really leans into
• 55:58
  what Satoshi wrote in the white paper and I think it kind of
• 56:02
  gets sheds good light on that before everyone calls me simply
• 56:05
  Black Rock Shell paid Black Rock shell, whatever, whatever.
• 56:08
  We knew this was coming. We knew institutional adoption
• 56:10
  was coming. We knew that the Fiat system's
• 56:13
  breaking. We know that Bitcoin is the risk
• 56:16
  off asset and you know, we all come for the money, but we stay
• 56:21
  to fix the money. And maybe, just maybe, we're on
• 56:24
  the timeline where Bitcoin takes down BlackRock.
• 56:29
  All right, all right, let me read this, let me read this
• 56:31
  thread. So there's Rip and Winkle on
• 56:34
  Twitter and he goes. People still think that Larry
• 56:36
  Fink and BlackRock have some sort of dubious sinister plan to
• 56:39
  Co-op, manipulate or destroy Bitcoin.
• 56:42
  I'm still open to the idea that this is a possibility.
• 56:44
  Do not let your guard down, you know.
• 56:46
  But the game theory may be suggesting otherwise.
• 56:50
  So we'll see what happens moving forward.
• 56:53
  This is only something that time will tell anyways, Rip van
• 56:56
  Biegel goes take off the tinfoil hat for a minute and listen to
• 56:59
  some reason Larry Fink and BlackRock are good for Bitcoin.
• 57:03
  Why? Because of entives, their
• 57:04
  incentives, and ours. As Bitcoin are very much aligned
• 57:07
  as bitcoiners. We want to see BTC continue to
• 57:10
  gain adoption as a store of value and eventually as a medium
• 57:14
  of exchange. BlackRock cares about one thing
• 57:16
  and one thing only, making money.
• 57:19
  BlackRock is primarily an asset manager, which means they earn
• 57:22
  fees by growing their assets under management.
• 57:24
  The more Bitcoin they hold in their ETF, the more they'll
• 57:27
  collect in fees. In this way, Blackrock's greed
• 57:30
  works in our favor. They have a strong incentive to
• 57:33
  help Dr. awareness and adoption of Bitcoin.
• 57:35
  They're going to let loose their army of salespeople to start
• 57:37
  educating their clients about Bitcoin to draw on hundreds of
• 57:40
  billions of dollars into the spot ETF ticker symbol IBTC.
• 57:44
  Their own analysts predict inflows of $200 billion from
• 57:48
  their existing clients over the first three years.
• 57:51
  Say they hit the number and they charge 60 basis points as their
• 57:54
  fee. 60 basis points on $200 billion is $1.2 billion per year
• 57:59
  in fees. BlackRock trades with a revenue
• 58:01
  multiple of 5.5 X, so that would boost their market cap by $6.6
• 58:06
  billion. For a $97 billion market cap
• 58:10
  company, that's meaningful for a single product out of hundreds
• 58:13
  of ETFs. But that's not what got Uncle
• 58:15
  Larry all hot and bothered. He's playing the long game.
• 58:18
  Uncle Larry knows that Bitcoin has more upside than anything
• 58:21
  else they hold in their family of ETFs.
• 58:23
  Let's say Bitcoin does a 20X over the next decade.
• 58:25
  Now their assets under management is $4 trillion from
• 58:28
  just this product alone. Now their fee from IBTC is
• 58:32
  raking in $24 billion per year and increasing their market cap
• 58:36
  by $132 billion. All of this assumes that only 2%
• 58:40
  of Blackrock's current assets under management finds its way
• 58:43
  into IBTCETF. That's their goal.
• 58:46
  If you're Larry Fink, the success of this product alone
• 58:49
  will grow your personal wealth by hundreds of millions to
• 58:51
  billions of dollars. The same incentive is at play
• 58:54
  for every executive and employee at the firm.
• 58:57
  Bitcoin is a black hole of incentives, and not even
• 59:00
  BlackRock can escape it. Hashtag.
• 59:02
  Bitcoin hashtag. Get off 0 and there's a few
• 59:05
  things I want to touch on. First and foremost, of course,
• 59:09
  Satoshi, I think, thought this through right.
• 59:12
  He wrote this in the white paper.
• 59:14
  This is portion 6 of the white paper incentive.
• 59:17
  By convention, the first transaction in a block is a
• 59:20
  special transaction that starts a new coin owned by the creator
• 59:22
  of the block. He's going through the
• 59:23
  mechanism. This adds an incentive for notes
• 59:26
  to support the network and provides a way to initially
• 59:28
  distribute coins into circulation since there is no
• 59:30
  central authority to issue them. The steady addition of a
• 59:33
  constant of amount of new coins is analogous to gold miners
• 59:36
  expanding resources to add gold to circulation.
• 59:39
  In our case, it is CPU time and electricity that is expended.
• 59:43
  The incentive can also be funded with transaction fees.
• 59:46
  If the output value of a transaction is less than its
• 59:48
  input value, the difference is a transaction fee that is added to
• 59:52
  the incentive value of the block containing the transaction.
• 59:54
  Once a predetermined number of coins have entered circulation,
• 59:57
  the incentive can transition entirely to transaction fees and
• 1:00:00
  be completely inflation free. And this is where.
• 1:00:03
  I think even Satoshi was thinking about Larry Fink.
• 1:00:06
  In the long term, the incentive may help encourage nodes to stay
• 1:00:09
  honest. If a greedy attacker is able to
• 1:00:11
  assemble more CPU power than all the honest nodes, he would have
• 1:00:14
  to choose between using it to defraud people by stealing back
• 1:00:17
  his payments or using it to generate new coins.
• 1:00:20
  He ought to find it more profitable to play by the rules,
• 1:00:23
  such rules that favor him with more new coins than anyone
• 1:00:26
  everyone else combined, than to undermine the system and the
• 1:00:29
  validity of his own. Well, and we're seeing in this
• 1:00:34
  conversation in today's theme, you know, SPF was incentivized
• 1:00:38
  to defraud his customers because he's creating shit coins.
• 1:00:42
  Larry Fink's product is a Bitcoin spot Bitcoin ETF.
• 1:00:45
  So if the Bitcoin's incentives are pure, if the Bitcoin's
• 1:00:49
  incentives stay working, he is going to be incentivized to
• 1:00:52
  continue to share Bitcoin education, to continue to
• 1:00:57
  educate his customers on what the best practices are.
• 1:01:02
  Of course, we highly recommend you don't use an ETF, but we
• 1:01:06
  understand that this is going to open up the flood grates from
• 1:01:08
  all the traditional financial markets into Bitcoin.
• 1:01:11
  Hopefully, in time these ETF products will allow people to
• 1:01:15
  custody their Bitcoin, because why are you going to trust them?
• 1:01:17
  You you don't have to pay a fee to just take Bitcoin into
• 1:01:20
  custody. You don't have to pay that 2%
• 1:01:22
  annual fee to BlackRock for you to custody your Bitcoin.
• 1:01:26
  But of course, as Bitcoiners we are always thinking about the
• 1:01:29
  game theory, and we're always concerned about hard forks and
• 1:01:32
  whether, you know, bad actors can actively and potentially and
• 1:01:40
  and in real time affect the network.
• 1:01:42
  And so of course there is concern about the centralization
• 1:01:46
  of coins, but This is why you guys out there have to make it
• 1:01:49
  through the hotto buyout zone. There's not that much Bitcoin
• 1:01:52
  going around. We constantly cover 93% of all
• 1:01:56
  the bitcoins that will ever be created are already distributed.
• 1:02:00
  This is a feature, not a bug. And most of the Bitcoin that is
• 1:02:04
  distributed is in cold storage. I think the numbers were like
• 1:02:07
  85% or something like that. I think there's like 2 million
• 1:02:11
  on exchanges. They have to incentivize you to
• 1:02:16
  let go of those bitcoins again. Maybe this weekend.
• 1:02:20
  Do yourself some more homework. Excuse me?
• 1:02:22
  Go read Everyone's a Scammer by Bitstein.
• 1:02:25
  And remember that everyone is a scammer and they all want your
• 1:02:28
  Bitcoin. We we know for sure that there
• 1:02:31
  is concerns. Keep your head on a swivel.
• 1:02:34
  Make sure you are protecting yourself.
• 1:02:36
  Hence why we always tell you to take your Bitcoin into self
• 1:02:38
  custody. You know there's various ways to
• 1:02:41
  do it. I'm getting yelled at in the
• 1:02:42
  chat that I that I need to do another round of.
• 1:02:45
  You know once again I'm here to tell you guys how to take
• 1:02:48
  Bitcoin into self custody. So I'll do that in the next week
• 1:02:52
  so the new guys can get up to speed.
• 1:02:54
  But it just goes to show guys I I really do believe that
• 1:02:57
  bitcoin's incentives state winning that bitcoin's
• 1:02:59
  incentives are pure or else what are we doing here?
• 1:03:02
  If Bitcoin cannot withstand BlackRock what are we doing
• 1:03:06
  here? We know greed is good.
• 1:03:10
  BlackRock. Larry Fink, they all want to
• 1:03:13
  make money. They want to continue to make
• 1:03:14
  money. And look, congratulations to all
• 1:03:17
  you guys. You front run the institutions,
• 1:03:19
  You front ran Larry Fink and moving forward they have no more
• 1:03:25
  control of the network than you do just because they have more
• 1:03:28
  coins. This is the feature, not a bug.
• 1:03:30
  Anyways, I went, I went he I went a little long.
• 1:03:35
  What's your thoughts, Rustin? No, I brought the heat up the
• 1:03:38
  again, like we hit on this yesterday, kind of bigger
• 1:03:41
  numbers, brings bigger numbers and then Oh yeah, click
• 1:03:44
  yesterday, repeat that, repeat that again bigger.
• 1:03:47
  Numbers. Yeah, bigger numbers bring
• 1:03:49
  bigger numbers. A lot of people talk about
• 1:03:51
  Bitcoin and diminishing returns, but Bitcoin is a fixed supply,
• 1:03:55
  finite asset. OK, and there's game theory.
• 1:03:58
  And the incentives are so powerful, Opti and Nico hit on
• 1:04:01
  this all the time. All right, so bigger numbers.
• 1:04:04
  Remember, Bitcoin wasn't big enough for institutions, its
• 1:04:07
  market caps too small. It's not worth enough.
• 1:04:10
  It's not on enough people's radar.
• 1:04:12
  Well, now BlackRock is going to be going in.
• 1:04:14
  And they themselves said 200, three, 100 billion influx.
• 1:04:18
  Which is half of Bitcoin's current market cap.
• 1:04:21
  So we can talk about what that will do to price, but that will
• 1:04:24
  also bring in bigger numbers. Bigger numbers means, well, the
• 1:04:27
  other institutions don't want to lose, right?
• 1:04:30
  Even if they don't like Bitcoin, BlackRock is going to benefit
• 1:04:34
  from you using it. So the incentives are there if I
• 1:04:37
  want to compete and stay relevant.
• 1:04:40
  Because of this, we know what's going on in clown world.
• 1:04:43
  I've got to start adopting Bitcoin.
• 1:04:44
  I've got to offer it to my customers because they're
• 1:04:46
  demanding it. They are seeking self
• 1:04:49
  preservation and Opti's hitting on this.
• 1:04:51
  Your greed to to preserve yourself, your greed to look out
• 1:04:56
  for your future is what is steering people to Bitcoin.
• 1:04:59
  And the big thing there that we get into as well, like the
• 1:05:02
  flight to the flight to quality. Well, what are they fleeing
• 1:05:06
  from? That's what we got to think
• 1:05:08
  about, right? What are they running away from?
• 1:05:10
  And they're that's that's the message that isn't being told,
• 1:05:13
  but doesn't necessarily have to. They're floating it out there.
• 1:05:16
  You know, we have Ray Dalio, we have Druckenmiller, we have all
• 1:05:20
  these people talking about the economic calamity, but then
• 1:05:23
  they're also talking about how Bitcoin is this benefit.
• 1:05:26
  So I mean it's kind of interesting how the tables have
• 1:05:29
  turned, but the bigger numbers again will bring bigger numbers.
• 1:05:34
  As nation states start utilizing Bitcoin to benefit themselves,
• 1:05:39
  those who don't will lose or those it will push others to
• 1:05:42
  adopt. But it's going to create bigger
• 1:05:44
  numbers. Everyone is adopting Bitcoin
• 1:05:48
  because of necessity. Even the Larry Finks and the
• 1:05:51
  Black Rocks and the State Street and Vanguards like the everyone
• 1:05:56
  is going to adopt Bitcoin out of necessity.
• 1:05:58
  Anyways, I I want to hit on a few comments here on the Rumble
• 1:06:01
  chat. First one UTXL simply
• 1:06:04
  institutions with the legendary optimist Fink.
• 1:06:08
  Optimist Fink. All right, man, that's a meme
• 1:06:11
  you need. Optimist Fink.
• 1:06:13
  God. Y'all.
• 1:06:15
  Sheesh. All right.
• 1:06:16
  Next one. Rumble savage, Rumble savage.
• 1:06:20
  Yeah, all right, narwhal tacos goes.
• 1:06:23
  If ETFs are as successful as speculated, eventually clients
• 1:06:27
  will begin clamoring to be allowed to take their BTC off
• 1:06:30
  the exchange, as some events will surely expose why that
• 1:06:33
  score to Bitcoin. And then in response, nothing
• 1:06:36
  attracts a crowd like a crowd. And and you know, that's a good
• 1:06:39
  meme. I really like how Ruston says
• 1:06:41
  that, you know, big number attracts bigger number.
• 1:06:43
  You know, the crowd attracts a crowd.
• 1:06:45
  Humans are very simple creatures.
• 1:06:47
  Psychology is is a it's a very funny thing.
• 1:06:50
  And for better or worse, guys, this is the nod to the average
• 1:06:54
  person out there that hey, yeah. Maybe I need to get some just in
• 1:06:57
  case, but. Normies, normies aren't going to
• 1:07:00
  be like hey watch this thing and Ruston and Optimus Field said I
• 1:07:04
  need to go I need to get on 0 but if Larry we can incept the
• 1:07:07
  ideas. But if Larry Fink says it, yeah,
• 1:07:10
  they'll start to catch on. We're trying.
• 1:07:12
  Let's double down on XX, he he guys.
• 1:07:15
  This is why you want to hang on the chat.
• 1:07:16
  There's a lot of good good signal in here that I can't
• 1:07:19
  always get to. But XX goes read my lips.
• 1:07:21
  It's the banks all caps. They are about to lose their
• 1:07:24
  assets in bad debt. They will make that up by
• 1:07:27
  holding on and off ramps into Bitcoin hostage.
• 1:07:31
  Yes, I 100% agree. As we are seeing on today's
• 1:07:35
  episode and we've actually been covering this.
• 1:07:38
  Or they'll try to make you purchase with the CBDC, so then
• 1:07:42
  they'll know and then they'll be able to track from purchase.
• 1:07:44
  And we're seeing this is the beginning stages of then they
• 1:07:48
  they fight you. We have not seen the direct
• 1:07:50
  attacks on Bitcoin. We're seeing kind of these sly,
• 1:07:53
  roundabout attacks, whether it's fighting Bitcoin, whether it's
• 1:07:57
  painting us in bad light, whether it's going out against
• 1:08:01
  some propaganda denouncing them, you know, ridiculing them.
• 1:08:05
  It just goes to show that. We're right and we will stay,
• 1:08:08
  right? Oh, my God.
• 1:08:11
  Hold on. Before I get into the memes.
• 1:08:13
  The Bitcoin, Yes, Optimist sphinx says.
• 1:08:15
  Transform and status out. Oh my God.
• 1:08:19
  Wow, I'm getting wrecked. All right, all right.
• 1:08:20
  Enough of this. Enough of this.
• 1:08:22
  I am the dictator here. The Daily Meme Review Sheesh,
• 1:08:37
  y'all are too savage. Mad as I tell as I tell Rustin
• 1:08:42
  sometimes. If I if I source myself esteem
• 1:08:45
  from you guys trolling me in the chat, oh man, it'd be a it'd be
• 1:08:49
  a a pretty sad pessimistic fields.
• 1:08:53
  Anyways, anyways, this is a meme review where you send me memes
• 1:08:57
  on Twitter, tag me at simply Bitcoin TV, or for the time
• 1:09:01
  being at Optimus Fields, tag your favorite memers, tag your
• 1:09:05
  own memes. I can't get to everyone, but
• 1:09:07
  I'll bring up some solid ones that I think are kind of on
• 1:09:11
  theme for today's show. Tweets of the Bullets Memes of
• 1:09:13
  the Utili continue to ridicule. The corporate press continue to
• 1:09:17
  get the cause of action out there in bite size form because
• 1:09:21
  everyone's got ADD and they can't read an article, they
• 1:09:24
  can't watch a full show. So you make some memes so you
• 1:09:27
  can incept these ideas and of course make some funny so your
• 1:09:30
  friends and families heads stay in the game.
• 1:09:33
  All right, 1st meme is by a big elephant and it's just it might
• 1:09:38
  make sense just to get some in case it catches on.
• 1:09:40
  If enough people think the same way, that becomes a self
• 1:09:42
  fulfilling prophecy. And we got this video here.
• 1:09:44
  I'm not gonna pay play the video because it's got some audio that
• 1:09:48
  might be copyrighted, but I'm sure you guys saw this video of
• 1:09:52
  this family on Halloween and someone left out a bucket of
• 1:09:56
  candy and they just absolutely raided the bucket and left
• 1:10:00
  nothing behind. Well, of course Bitcoiners are
• 1:10:03
  gonna meme this. So let's go around.
• 1:10:05
  First you see, you know, the mom, Max and Stacy.
• 1:10:08
  And then you see that, oh, geez, digging in.
• 1:10:10
  Then the class of 2013 digging in and then the class of 2017
• 1:10:13
  digging in. And we're all playing Hungry
• 1:10:15
  Hippo, trying to get more sats. And then at the very end, you
• 1:10:19
  see Sailor pop in. And then of course, you see
• 1:10:23
  BlackRock ETF and the Fed. They come in and there's there's
• 1:10:27
  there's no more Bitcoin left. There's there's no Bitcoin left
• 1:10:29
  because we have taken Bitcoin into cold storage.
• 1:10:32
  We have controlled our keys and they're going to have to get us
• 1:10:38
  our Bitcoin from our winning hands.
• 1:10:41
  I was gonna say the meme, but they're gonna they're gonna
• 1:10:44
  offer you a price, guys. They're gonna give you the
• 1:10:46
  world. Do not sell your Bitcoin to
• 1:10:50
  them. Huddle.
• 1:10:51
  Make it through the Huddle Buyout zone.
• 1:10:52
  Anyways, the next meme is by Lynn Alden.
• 1:10:55
  Goes hard. That's at the Lynn Alden.
• 1:10:57
  You know, she's usually one of the best macro analysts out
• 1:11:00
  there. But when she drops a meme
• 1:11:02
  ridiculing the macro situation, you just know it hits hard.
• 1:11:06
  And and Ruston covered this yesterday.
• 1:11:09
  So she's quote, tweeting Japan to approve $110 billion stimulus
• 1:11:13
  package to fight inflation. Clown world Keynesian Keynesian
• 1:11:19
  economics. You print money to fight.
• 1:11:21
  Inflation can't. Fix stupid Opty if if you if
• 1:11:26
  that hypocrisy isn't evident to you, then I I have some more
• 1:11:30
  homework to do here and I'll have to explain why.
• 1:11:33
  OK. And here we got this Breaking
• 1:11:35
  Bad meme and it just you know, he's staring.
• 1:11:38
  I I don't even know what the guy's name I've never seen
• 1:11:40
  Breaking Bad but I know it's from Here he goes when you're
• 1:11:42
  just getting started. Walter White Yeah.
• 1:11:45
  OK. Because when you're just getting
• 1:11:46
  started, nothing stops this train.
• 1:11:48
  And he's looking just so on point on the mission guys, we
• 1:11:54
  said all the time stealing it from Greg Foss.
• 1:11:57
  It's 11th grade math. They have to continue to print.
• 1:11:59
  They will. They will find ways to print
• 1:12:03
  more. They will find ways to gaslight
• 1:12:06
  you into thinking we need to print more money.
• 1:12:09
  They will even start wars to print more money.
• 1:12:12
  But one thing is for sure, they have to print more and more more
• 1:12:17
  to keep the system alive hence. Why?
• 1:12:19
  And they have to maybe sometimes create problems that allow them
• 1:12:23
  to do so. But you know, who knows?
• 1:12:25
  Who knows? We're not speculating, but one
• 1:12:29
  thing for sure, they're stealing your wealth.
• 1:12:30
  So we've opted out saving Bitcoin.
• 1:12:36
  Something that cannot be debased, something that they
• 1:12:39
  can't steal, property that they cannot steal.
• 1:12:42
  Seems like such a simple decision.
• 1:12:44
  Anyways, we got RDBTCAKA at Rd. under score BTC on Twitter and
• 1:12:49
  again quote tweeting the same tweet.
• 1:12:51
  Running out of ideas I guess #inflation hashtag central
• 1:12:54
  banks, hashtag Bitcoin and we got the flex.
• 1:12:57
  Is it flex tape? Yeah, flex tape.
• 1:12:59
  And it's central banks. And you see the hole that they
• 1:13:02
  caused in the system is inflation caused by more money
• 1:13:04
  printing. And they slap the flex tape on
• 1:13:07
  it and the water continues to go through the tape because they're
• 1:13:11
  just printing more money. And it's so simple, when they
• 1:13:14
  print more money, it causes inflation.
• 1:13:16
  The expansion of the money supply is the root cause of
• 1:13:20
  inflation. So if you print more money, how
• 1:13:23
  does that fix inflation? Oh my goodness.
• 1:13:27
  It's almost like they don't teach you economics in school.
• 1:13:29
  It's almost like they gaslight into believing that they have
• 1:13:32
  the solutions when they are literally the problem.
• 1:13:35
  OK, next one is Greg Zodge one and classic, classic King of the
• 1:13:40
  Hill meme here. I really enjoyed this King of
• 1:13:44
  what's it, Hank Hills talking to Baba Hill.
• 1:13:46
  And he goes, you know what's not cool, Bobby?
• 1:13:49
  Printing money to fight inflation.
• 1:13:51
  That's not. That's what's not fucking cool.
• 1:13:54
  Quit printing money. Quit stealing our wealth.
• 1:13:57
  It's so simple guys. We I will continue to beat this
• 1:14:00
  drum until every person on planet earth understands that
• 1:14:04
  printing more money causes inflation.
• 1:14:06
  They are literally stealing from you.
• 1:14:07
  Wake up OK, next one shouted to my boy.
• 1:14:09
  Nick can't mine. He recycles this for me
• 1:14:12
  constantly. But he he's got the updated
• 1:14:16
  version here and he goes how the Bitcoin bull market is going to
• 1:14:18
  go. And we got Larry Pink here.
• 1:14:21
  This is I I. What is this like is?
• 1:14:24
  This like this is epic. I I forget what the screenshot
• 1:14:27
  is of the video game. But it I think it's like James
• 1:14:29
  Bond or I don't know, it's you know it's guys with guns leaving
• 1:14:33
  the elevator and one of them's got Larry Fink, the next one's
• 1:14:36
  got fidelity, the next one's got the Black Rock logo and the lead
• 1:14:40
  gun is the Bitcoin logo And it goes remember, no dips.
• 1:14:45
  Remember it is November. No dip November going into no
• 1:14:51
  dip December going into Valhalla 2025.
• 1:14:55
  This is the way Bitcoin is going up forever Laura.
• 1:14:59
  OK, Gandalf, BTC Gamondoff on Twitter goes we did it.
• 1:15:03
  We front ran the institutions and we got the the Django
• 1:15:09
  Leonardo DiCaprio meme where he's got his drink and he's
• 1:15:12
  smiling and it goes BlackRock late to the Bitcoin party.
• 1:15:16
  Where all the cheap sets. Where Where the cheap sets?
• 1:15:18
  Huh. Where'd they go?
• 1:15:20
  I I want cheap sets. You know Sam Bateman fraud gave
• 1:15:23
  us cheap sets for over 2 years. China gave us cheap sets for
• 1:15:27
  over 2 years. You know we're anything under
• 1:15:29
  100K. We got neutered in the last bull
• 1:15:31
  market. We have cheap sets for far too
• 1:15:34
  damn long in my opinion. But we all got cheap sets, so I
• 1:15:38
  hope you stacked hard because the cheap sets may be off the
• 1:15:43
  plate. Anyways, this is the plebs
• 1:15:46
  laughing as Leonardo DiCaprio as a fat Leonardo DiCaprio because
• 1:15:50
  we took all the cheap sets. Thank you very much.
• 1:15:52
  We had played Hungry Hippo. It's a game of accumulation and
• 1:15:57
  all the sets are mine. Anyways, drop your meme review
• 1:16:01
  score in the chat as we cover ours live and we'll roll this
• 1:16:07
  one out. OK, my meme review score for
• 1:16:09
  your for you guys today is some hydrogen peroxide.
• 1:16:15
  And I'm only doing this because I don't know what's going on but
• 1:16:20
  my. Left is in pain in my left ear.
• 1:16:22
  I literally can't hear out of my left ear right now.
• 1:16:24
  I think I have wax clogged in there.
• 1:16:26
  Maybe I'm getting an earache. I don't know.
• 1:16:28
  I'll I'll figure this out hopefully by tonight.
• 1:16:31
  But yeah, I had a rough night. Dude.
• 1:16:33
  I can sleep your your boy your boy's death in one ear right
• 1:16:36
  now. But the show must go on.
• 1:16:37
  So hydrogen peroxide if you know you know if your ears are
• 1:16:40
  itching. If your ears are dirty.
• 1:16:42
  Put a little hydrogen peroxide in there.
• 1:16:44
  That usually does the trick and cleans your ear out.
• 1:16:46
  But apparently I I know when it didn't hit my eardrum.
• 1:16:50
  So it's clogged. I'm.
• 1:16:51
  I'm all clogged. Clogged up right now.
• 1:16:52
  Anyways, Russell, what's the Beam review score?
• 1:16:54
  The. Struggle be real sometimes.
• 1:16:56
  But you know, we were talking about scammers and shit corners,
• 1:17:00
  things of that nature. And I think it's good to share
• 1:17:02
  the message that at any time you can repent and you can recover
• 1:17:05
  from your shit coining ways. I might have a clip from Russell
• 1:17:11
  Brand coming this weekend, so I'm going to shield that.
• 1:17:15
  But also guys stop doing that and who is that in the chat?
• 1:17:18
  Shit coins and Fiat it's like. Like meth.
• 1:17:21
  That shit's bad for you. All right?
• 1:17:26
  Oh, my God. Love, love, love when you're on,
• 1:17:29
  bro. Let's just hope we can.
• 1:17:31
  We can skirt that line on YouTube.
• 1:17:33
  Where our channel. Right up to the line,
• 1:17:36
  Absolutely. All right.
• 1:17:38
  All right, guys, drop your main review score in the chat.
• 1:17:41
  But before you do that, or rather why you do that, scan the
• 1:17:44
  QR code. We really appreciate the support
• 1:17:48
  we are giving you guys simply Bitcoin theme merch.
• 1:17:50
  You guys see me wearing the orange hoodie all the time.
• 1:17:53
  Simply Bitcoin theme shirt. It literally says in the tag
• 1:17:56
  Bitcoin or slavery? We get them made by our boys
• 1:17:59
  over at Represent Bitcoiners running an awesome St. wear
• 1:18:03
  company and we are doing what we can to.
• 1:18:08
  I think we're kind of in the talks to do some simply Bitcoin
• 1:18:11
  mugs. You guys have told me you guys
• 1:18:12
  want some mugs. I know you want the hats.
• 1:18:14
  We're going to get some snapbacks and some dad hats for
• 1:18:17
  you guys. We do have a project with one of
• 1:18:22
  our favorite Bitcoin artists to do our first limited bat to
• 1:18:25
  simply Bitcoin themed T-shirts. And of course we have Sophie on
• 1:18:29
  the job to get you guys the women cuts.
• 1:18:31
  So you're not just wearing like a you know, your boyfriend's
• 1:18:34
  shirt out here and you can look good and wrap the Bitcoin
• 1:18:37
  signal. But of course guys stack Sats.
• 1:18:41
  By all means stack Sats first. Save your money, but if you like
• 1:18:47
  what we're doing, you always pay.
• 1:18:49
  Yourself first. Always pay yourself first.
• 1:18:52
  But you know, I know, I know you need some clothes.
• 1:18:54
  I know, I know. This whole bear market.
• 1:18:56
  You've been wearing rags. So simply, Bitcoin.
• 1:18:59
  Clothes. Oh, get ready, man.
• 1:19:01
  The main stores? Really appreciate it.
• 1:19:03
  Anyways, let's let's get into the name scores.
• 1:19:06
  I I'm I'm guessing I might not be able to read some, so let me
• 1:19:10
  oh man, I think I just saw one. OK, one second.
• 1:19:13
  One second. All right, First one is by Jose
• 1:19:20
  Cuervo and he goes, meme. Isn't that the Call of Duty
• 1:19:22
  airport? Yeah, your guess is good.
• 1:19:24
  Is that Black Ops? Okay, Call of Duty Airport for
• 1:19:27
  the score. Remember, no dips from the Call
• 1:19:30
  of Duty Airport. Okay BTC is true.
• 1:19:33
  Score more cheap Sats. Yes, this is the way more cheap
• 1:19:37
  sets. Okay.
• 1:19:39
  Next one is by Phil C and he goes.
• 1:19:41
  I give these memes a high five to everyone who use their
• 1:19:43
  college money to tax sets. Let's go Okay next. 1 Bitcoin
• 1:19:48
  for Canadians, it goes. I give those memes all my
• 1:19:51
  leftover Halloween candy. Wow.
• 1:19:53
  Did you? Well, you're you're you're
• 1:19:57
  eating candy. Hell, could you?
• 1:19:58
  I thought you're a carnivore. Yeah, I'm trolling.
• 1:20:00
  I'm trolling. I'm addicted to sugar.
• 1:20:01
  I'm. I tell you guys this all the
• 1:20:03
  time. Anyways.
• 1:20:04
  Planet Earth meme score from all of us.
• 1:20:06
  A big thank you to SPF for your service for our cheap sad.
• 1:20:10
  Yes, exactly. Let's see Lee S meme review
• 1:20:13
  score sadness for future shopping cart pushers on Wall
• 1:20:16
  Street with Series 7 licenses. OK, next one XX meme scores
• 1:20:23
  equals 1. Sam Bankman.
• 1:20:25
  Okay. Let's see.
• 1:20:29
  Wow. Okay.
• 1:20:30
  I'm I'm I'm getting I'm getting ear treatments.
• 1:20:33
  Okay. All right.
• 1:20:34
  I will use some mineral oil. Mineral I thought you did get
• 1:20:38
  that was olive oil. They're giving you giving you
• 1:20:40
  some homework issue. Opti uses the Telegram chat live
• 1:20:44
  for the giveaway. I will use it for the giveaway.
• 1:20:46
  I think I'm going to do a few different ones.
• 1:20:48
  It's coming Monday, guys. I think it's coming Monday.
• 1:20:50
  Yeah. Ready.
• 1:20:51
  Score. Chrissy taking a suspicious long
• 1:20:53
  look at optim speak? Oh my goodness.
• 1:20:57
  OK, Matthew J meme Review score. Get on the mission.
• 1:21:01
  Yes. OK, the P man van.
• 1:21:06
  I give these memes Fink, spunk and off these ear yo.
• 1:21:11
  I wonder why that was enough. Enough.
• 1:21:13
  I this is not roast Opti hour. This is this is this is not the
• 1:21:20
  roast of opti's show. Oh my God.
• 1:21:23
  Oh wait. Oh wait.
• 1:21:24
  I forgot. I forgot.
• 1:21:25
  Let's see. Is there.
• 1:21:26
  OK, there's some meme scores over here on Rumble score.
• 1:21:30
  UTXO. Nico.
• 1:21:31
  Switching to Eastern Daylight Time this weekend when the rest
• 1:21:34
  of us switched to Standard Time. OK, meme score by idle threat
• 1:21:39
  goes number go up will be the new media focus now that SPF
• 1:21:42
  coverage is gone. Yes, I I do believe that will be
• 1:21:46
  true Narwhal Taco's meme score and ETF by end of year because
• 1:21:49
  BlackRock is already already buying the SAT's.
• 1:21:53
  Let's go. Wow.
• 1:21:56
  Yeah, I know. Thank you guys.
• 1:21:57
  I I I will. I got something coming.
• 1:22:01
  If if I need to get a little more crazy on my ear, I I I grew
• 1:22:06
  up in the ocean. I I surfed.
• 1:22:07
  I I get swimmers ears all the time.
• 1:22:09
  So I know how to deal with this. It's just I think.
• 1:22:13
  I think I used Q-tips for the first time in a couple of weeks
• 1:22:16
  and I I think I might have packed it in.
• 1:22:18
  Anyways, shout out to everyone. This is now a rebrand of simply
• 1:22:23
  roasted show. XX dude, where's the SB gear?
• 1:22:29
  Go to simplybitcoin.com stores live.
• 1:22:32
  You can pay in Bitcoin. You can pay in Fiat too I
• 1:22:34
  believe. Pretty sure.
• 1:22:36
  But yeah, stack stacks first. But you know if you like what
• 1:22:40
  we're doing we really appreciate the support.
• 1:22:42
  We're gonna we're gonna give you guys products that you guys want
• 1:22:45
  that we like that we want to wear that you know further
• 1:22:49
  spreads the signal and we we are.
• 1:22:53
  I'm kind of angling for the next shirt to be a little more opsec
• 1:22:56
  friendly for you guys out there at this point.
• 1:22:58
  Everyone knows my face and all this stuff that like I'll wear
• 1:23:02
  simple I'll wear Bitcoin stuff I I it is what it is.
• 1:23:04
  Anyways, Rustin, what do you got in the works for the weekend?
• 1:23:08
  Oh man. So today we got a bullish one.
• 1:23:11
  Fidelity, maybe Jerry and Timmer might have projected 700K
• 1:23:15
  Bitcoin like this cycle. So that's kind of interesting.
• 1:23:18
  Not me, not me. OK, Jerry and Timmer is the head
• 1:23:21
  of macro at Fidelity, so you know.
• 1:23:25
  So if he's stupid bullish, I'm sure Larry thinks getting pretty
• 1:23:28
  stupid bullish and then we got some interesting stuff on
• 1:23:31
  Russell Brand calling out the Fiat system.
• 1:23:33
  We are going to take a look at what went down with Elon and of
• 1:23:38
  course our friend Joe Rogan. So we'll see what they talked
• 1:23:41
  about there some interesting talks on a ISCBDCS, the the, the
• 1:23:47
  building of Skynet possibly and how Bitcoin is our defense
• 1:23:52
  against that. Oh wow.
• 1:23:54
  All right. OK, Did you watch a Start Nine
• 1:23:58
  interview? Not yet.
• 1:24:00
  I'm looking forward to it, dude. He's awesome.
• 1:24:03
  Every time he comes on, he killed it.
• 1:24:04
  He, you know, I was very. He's come on live.
• 1:24:08
  Quite a few. Yeah.
• 1:24:09
  Very concerned about becoming a Cyborg.
• 1:24:11
  But after watching the start nine IRL, I'm like, oh, OK, hey,
• 1:24:14
  if I control all the technology, maybe I maybe I'm doubling down
• 1:24:17
  on becoming Cyborg Opti. All right.
• 1:24:20
  Anyways anyways. Everybody's going to move
• 1:24:22
  towards being there, self hosted and things of that nature
• 1:24:26
  because it's the only way to be secure.
• 1:24:28
  In this system? Yep.
• 1:24:29
  Yep. All right, Ruston.
• 1:24:30
  Well, appreciate you filling in this week.
• 1:24:33
  I know you have some work still to do.
• 1:24:35
  Oh yeah, it's a long one guys. And then also also, Ruston,
• 1:24:39
  you're going to be on Sessions tonight.
• 1:24:40
  Why are? We foolish, so we're going to be
• 1:24:42
  there with Wicked and crypto cloaks so going to get really
• 1:24:46
  bullish and regarded over there so come join it's going to be
• 1:24:50
  fun. I'm super excited to hang out
• 1:24:52
  with Wicked because we've been in cafe he he's always on stage
• 1:24:56
  there. He also does.
• 1:24:58
  Tech tutorials. So I think he's going to love
• 1:25:00
  being there with sessions. And also I don't know Michael
• 1:25:05
  Saylor likes Wicked's animations and his graphics and things
• 1:25:08
  like, dude, so Wicked's got like he's like right hand Michael
• 1:25:12
  Saylor at this point. So we're getting closer, man.
• 1:25:16
  Oh, man. All right, guys.
• 1:25:18
  Just wait till Cyborg Opti gets in here.
• 1:25:21
  All right. Well, thank you, Ruston, for
• 1:25:23
  filling in this week. I think.
• 1:25:25
  I think you and I are are building up our rapport on the
• 1:25:28
  show. But hey, you got some work to
• 1:25:31
  do, so let me roll this out, guys.
• 1:25:34
  We'll be back to our normal show on Monday.
• 1:25:37
  I apologize for not doing the spaces until further notice.
• 1:25:42
  We have some things I need to take care of on the back end.
• 1:25:44
  I need that time back for the time being.
• 1:25:47
  We will do our best to get that back so that you guys can hear
• 1:25:51
  me rant longer all day. Apparently you guys enjoy the
• 1:25:54
  Opti fields takes and perspective.
• 1:25:57
  So really appreciate it, but like, share?
• 1:26:01
  Subscribe to our channel Simply Bitcoin on YouTube, hang out
• 1:26:07
  with us in our Telegram group, follow us on Twitter.
• 1:26:10
  We're getting you guys the news ad going on our Twitter and we
• 1:26:13
  are going to seemingly break the 21 K subscribers on YouTube this
• 1:26:19
  weekend. So we will be doing a live
• 1:26:24
  giveaway on Monday, most likely. And I do have names for you
• 1:26:28
  guys. I'll do one for the chat on
• 1:26:30
  YouTube. I'll do one for our Telegram.
• 1:26:32
  I'll do one for subscribers. For the viewers that do that,
• 1:26:35
  watch the show on replay and I'll do one on Twitter, Twitter,
• 1:26:40
  Telegram, YouTube chat. I think we're going to give away
• 1:26:44
  four things guys. So the mega prize is for you
• 1:26:47
  guys that hang out with this, the chat every single day.
• 1:26:49
  I want to I want to show you guys love.
• 1:26:51
  Really appreciate you guys supporting us.
• 1:26:53
  But of course, share all Bitcoin content, not just ours.
• 1:26:58
  It's about waking up the masses. And then on that note, make sure
• 1:27:02
  you are in fighting condition. Get your mind right, get your
• 1:27:06
  body right, get your finances right, call your loved ones, get
• 1:27:10
  outside, move your body, eat some good food.
• 1:27:14
  It is the weekend recuperate because we are coming back
• 1:27:18
  strong in the information war on Monday.
• 1:27:21
  All right. Peace out guys.
• 1:27:23
  I will see you on the flip side.