Latest / Simply Bitcoin / 8th Largest Country JUST Quietly ATTACKED Bitcoin (NEW REPORT EXPOSED) | EP 1147

Transcript

8th Largest Country JUST Quietly ATTACKED Bitcoin (NEW REPORT EXPOSED) | EP 1147 · Simply Bitcoin

• 0:01
  Yo has the 8th largest country in the world just accelerated
• 0:05
  their attack on Bitcoin? This $2.2 trillion giant tried
• 0:10
  to double the capital gains on Bitcoin from 26% to 46% only a
• 0:17
  couple weeks ago. Their central bank just quietly
• 0:20
  released a report on Christmas Eve.
• 0:22
  I'm assuming they thought no one was watching where they called
• 0:25
  peer-to-peer transactions quote crime as a service.
• 0:30
  Let's not forget this isn't the first country in the EU region
• 0:35
  to attack Bitcoin and freedom recently.
• 0:37
  Just go through a couple bullet points #1 France is talking
• 0:41
  about implementing unrealized capital gains tax on Bitcoin.
• 0:45
  We played you guys the video. Denmark is also proposing
• 0:49
  unrealized capital gains specifically on Bitcoin.
• 0:52
  And of course, we can't forget Germany selling 50,000 Bitcoin
• 0:58
  AT55K. Ouch, that's gotta hurt.
• 1:01
  The EU seems to be attacking Bitcoin at the same time that
• 1:05
  America is embracing it to get. Today we're going to be
• 1:08
  discussing why the global game theory is heating up and what
• 1:12
  you need to know to be paying attention in 2025.
• 1:16
  Who's joining me today is our special guest Aladdin, founder
• 1:20
  of BTC trading cards. Big fan of course my legendary
• 1:24
  Co host who is always optimistic no matter what specifically on
• 1:28
  today's show optimist fields. So let's get into some of the
• 1:32
  reporting. This is an article by Bitcoin
• 1:36
  systemi. The headline is Bank of Italy
• 1:39
  publishes report on Bitcoin includes some shocking remarks.
• 1:43
  Let's get to it. In the latest Economic and
• 1:45
  Financial report number 893, the Bank of Italy classified Bitcoin
• 1:51
  peer-to-peer services as quote, crime as a service, citing their
• 1:56
  suspected role in facilitating money laundering activities.
• 2:00
  Quote the the title of the report is Money Laundering and
• 2:03
  Blockchain. Can you follow their footsteps
• 2:05
  in the crypto world? That's the title.
• 2:08
  The report sheds light on platforms that enable Bitcoin
• 2:12
  trading without requiring KYC verification.
• 2:15
  According to the bank, these services create opportunities
• 2:19
  for criminals to conceal the origins of illicit funds and
• 2:23
  complicate law enforcement efforts to track transactions.
• 2:27
  The report notes that such platforms operate in
• 2:30
  jurisdictions with weak anti money laundering regulations or
• 2:34
  in countries designated as high risk.
• 2:37
  It goes on to say once. One interesting aspect of report
• 2:42
  is that it mentions events such as Satoshi Spritz where people
• 2:46
  gather to exchange Bitcoin for goods or Fiat services.
• 2:50
  While these gatherings are typically organized by the
• 2:52
  Bitcoin community to promote education and adoption, the bank
• 2:57
  warns that they can also be used for illicit, illicit purposes.
• 3:01
  I mean, it's a very like slippery slope once you try to
• 3:05
  frame it this way because it's like, why can't you do the same
• 3:09
  with cash, right? So I feel like it's just a straw
• 3:12
  man argument. I feel like this is a central
• 3:15
  bank. They see Bitcoin as a threat.
• 3:17
  They no longer have the monopoly or the control over money.
• 3:21
  And they say, you know, those guys are criminals, right?
• 3:23
  That's that's what I'm seeing from from my perspective.
• 3:27
  Now, that's not to say that, you know, criminals don't use
• 3:32
  Bitcoin, but criminals use cash. I mean, there was an article
• 3:35
  that dropped the other day. We read it, we read it to you
• 3:38
  guys where the TD Bank was caught laundering an absurd
• 3:42
  amount of money. And then, you know, they got a
• 3:44
  fine and they were laundering, they were laundering money for a
• 3:47
  drug cartel. So I mean, like, you know,
• 3:50
  because they're basically trying to make the argument.
• 3:52
  It's like, look, it's because it's Bitcoin.
• 3:54
  But what they failed to mention is that the vast majority of
• 3:59
  criminal activity is using traditional finance.
• 4:02
  It's not using Bitcoin. In fact, I would say Bitcoin is
• 4:07
  not. You can't obscure it as much as
• 4:09
  you can obscure cash. It's a it's a public Ledger.
• 4:13
  You can literally trace transactions to the inception of
• 4:16
  Bitcoin, right? And if you just see this report
• 4:20
  on itself, you'd say, Nico, maybe they're just worried.
• 4:22
  Maybe they just don't understand.
• 4:24
  Maybe they just don't know what they're talking about.
• 4:26
  But like always, guys, I want you to connect the dots.
• 4:30
  So let me show you this other article by Bloomberg.
• 4:35
  And again, it's, it's the hostility, man.
• 4:37
  It's the hostility. And why is it with Bitcoin only
• 4:41
  like, and, and again, it's not Italy.
• 4:43
  We heard the same thing from France and we heard the same
• 4:45
  thing from Denmark. There's some recent talk about,
• 4:50
  I don't know if it's going to go through with the Trump
• 4:51
  administration, but some change in in quote, UN quote crypto
• 4:56
  reporting here in the United States.
• 4:58
  Like what I think this all is really about is the separation
• 5:03
  of money and state and the government's, the government's
• 5:07
  essentially losing their ability to tax via inflation as people
• 5:13
  seek to use alternative non sovereign currencies.
• 5:17
  Of course, the primary 1, the best one because it's
• 5:20
  decentralized and secure being Bitcoin.
• 5:23
  I think that's what it boils down to.
• 5:25
  And I think that they're essentially trying to stem the
• 5:28
  flow and more importantly, they're trying to demonize the
• 5:33
  alternatives. And I think one of the things
• 5:36
  like one of the things that they've done and we've seen this
• 5:38
  in the past is come up with like very creative boogeyman type of
• 5:42
  like wording and stuff. When you hear stuff like non
• 5:45
  custodial wallet, that word doesn't exist.
• 5:50
  It's not in the white paper like that was created by like a group
• 5:55
  of bureaucrats essentially that that doesn't exist.
• 5:59
  So but if you phrase it like non custodial wallet, that makes it
• 6:03
  seem like it's the abnormal. It's like non custodial.
• 6:07
  There's no such thing as a non custodial wallet.
• 6:10
  You either have custody of your Bitcoin or someone else has
• 6:12
  custody of your Bitcoin and they owe you an IOU.
• 6:14
  It's black and white like that. But in the Fiat world, of
• 6:17
  course, you can apply this, you know, complicated type wording.
• 6:21
  But anyways, let's continue connecting the dots for you
• 6:24
  guys. So here's a Bloomberg article.
• 6:26
  Italy to raise capital gains tax on Bitcoin from 4 to 42% from
• 6:33
  26%, It goes on to say Italy plans to raise the capital gains
• 6:37
  tax on Bitcoin to 42% from 26%. Parts of efforts to finance
• 6:43
  expensive election promises while cutting the fiscal
• 6:46
  deficit. You know what could also cut the
• 6:49
  fiscal deficit if you guys stopped printing money or if you
• 6:54
  guys stopped promising things that you couldn't afford and
• 6:58
  because you can't afford them, you have to you have to tax your
• 7:01
  population more or you have to print the difference, which is
• 7:05
  an indirect form of taxation. It goes on to say Prime Minister
• 7:09
  Georgia Maloney cabinet made the move given the quote, phenomenon
• 7:14
  is spreading, deputy finance minister said during a
• 7:18
  conference call on Wednesday in reference to Bitcoin.
• 7:22
  I mean, that quote, that quote says a lot.
• 7:26
  The phenomenon is spreading. What phenomenon, right?
• 7:30
  Like what phenomenon? Like that tax doesn't seem to me
• 7:34
  when I'm reading that like a tax that comes from a place of like,
• 7:38
  oh, we need to generate revenue for the government.
• 7:41
  That tax looks like AD incentive.
• 7:45
  That tax is like, don't use Bitcoin because you're going to
• 7:48
  get taxed to high heaven. Essentially, you know, it's like
• 7:51
  the phenomenon is spreading. What phenomenon We're like what
• 7:53
  what does this mean phenomenon? Like how they say it is, is
• 7:57
  fascinating. Now the LAX.
• 7:59
  The last thing I'll say is, of course, you guys remember
• 8:02
  Denmark. We've covered it.
• 8:04
  Denmark's new crypto bill proposes tax on unrealized gains
• 8:09
  dating back to bitcoins birth. So yeah, I think, you know,
• 8:14
  you're seeing all of this worldwide.
• 8:16
  It's not surprising. And of course Europe has been
• 8:20
  going down the, you know, big government type of route.
• 8:24
  And I think Bitcoin inherently is not for big government.
• 8:29
  Bitcoin is, is a way to opt out of big government, I would say,
• 8:35
  and you know, save, save some of your purchasing power.
• 8:38
  And again, I don't want to get into the topic of direct
• 8:41
  taxation because whether you agree with it or you don't
• 8:45
  disagree with it, the fact is, is that it's in the law.
• 8:47
  There's a social contract. People have agreed to it.
• 8:50
  The income tax is the income tax.
• 8:52
  However, I think most of these countries, including the United
• 8:57
  States, they don't just tax you via income tax, they tax you via
• 9:03
  money tax. And that's exactly what
• 9:06
  inflation is, and it's the effects on society.
• 9:09
  I had a conversation, it seems like you guys enjoyed the
• 9:11
  Christmas special with Larry La Parte, which we dropped
• 9:14
  yesterday, has over 30,000 views on YouTube alone.
• 9:17
  And, you know, he just wrote an entire book on inflation and
• 9:25
  what the, you know, downstream effects are of inflation and
• 9:29
  what inflation has done to society as a whole.
• 9:33
  If you go to the website What the F happened in 1971, highly
• 9:37
  recommend that you do. My hair is like a cockatoo right
• 9:39
  now. You will literally see, and
• 9:43
  again, it's not a coincidence, you'll literally start to see
• 9:47
  how society starts to break out the seams and all these things
• 9:51
  that you'd think are not related to inflation, how it affects all
• 9:55
  these facets of society. And of course, you know, it
• 9:58
  affects, it affects like goods and services too, because of
• 10:03
  course, like business owners want to keep prices where they
• 10:05
  are. They don't want to raise prices
• 10:06
  on their on their customers. So there's this phenomenon of
• 10:10
  shrink inflation where they literally shrink the pack
• 10:13
  packages to keep the prices the same.
• 10:15
  Or even worse, they make the materials of the packages of
• 10:19
  the, of the product itself worse, right?
• 10:22
  So you're getting worse food, worse products, even though the
• 10:25
  prices are staying the same. Like this is the scam.
• 10:28
  And then the last thing I'll say before I pass it on to Aladdin
• 10:31
  is that inflation is the most insidious tax because it affects
• 10:36
  the people that that need money the most, which are the lower
• 10:42
  and middle classes. They don't have the means to
• 10:44
  save in assets. Therefore, they're living
• 10:47
  paycheck to paycheck and they're working for a salary.
• 10:50
  And that salary is not keeping up with the cost of living.
• 10:54
  And that is literally because of inflation.
• 10:56
  Now, this is all sounds. This all might sound depressing.
• 11:00
  And whatever I'm weaving and I'm going to weave it back in.
• 11:03
  You can opt out of this system right now by adopting Bitcoin as
• 11:08
  a unit of account and then all of a sudden inflation is not a
• 11:11
  thing. Your life will get progressively
• 11:14
  cheaper forever and you want to know why you have that hubristic
• 11:19
  like type of language from the Italian finance minister saying
• 11:24
  this is an interesting phenomenon.
• 11:25
  You know why the central Bank of Italy is trying to demonize
• 11:29
  Bitcoin? This is exactly why, to use
• 11:32
  Christine Lagarde's own words, Bitcoin is an escape valve and
• 11:37
  they don't want people escaping. That's what it comes down to.
• 11:41
  That's what it's all about. Don't let them gaslight you.
• 11:45
  Most importantly, don't let them gaslight your friends and
• 11:48
  family. Be the Bitcoiner in that
• 11:50
  conversation and and tell them the truth and show them Bitcoin
• 11:54
  is for everyone and Bitcoin really really does fix things.
• 11:57
  Anyways. Aladdin, what's your take on
• 11:59
  this? I could see you're wearing the
• 12:00
  bad ass blue blocking glasses. I wish, I wish I would have worn
• 12:04
  mine today so we'd be matching. What are your thoughts on this
• 12:07
  brother? Also, almost 2000 live viewers
• 12:09
  already between YouTube Rumble and X.
• 12:12
  If you guys are enjoying the show so far, help us break 150
• 12:16
  likes within the 1st 20 minutes of the show.
• 12:19
  So smash that like button. Aladdin, What's your take,
• 12:22
  brother? Yeah, morning guys.
• 12:25
  Yeah, I, I've been watching quite a bit of this over the
• 12:27
  over the last few days. If we didn't think that they
• 12:32
  were going to come try to front run what's happening with
• 12:34
  Bitcoin, where the price is going, then we're probably not
• 12:37
  paying attention to what's been happening over the last 100
• 12:40
  years. I really think it's just their
• 12:43
  way of of getting in front of it.
• 12:45
  They are probably pretty confident like we are, that
• 12:48
  Bitcoins going to take off and go continue to go higher and
• 12:53
  higher and this is their way of being able to jump in and and
• 12:57
  grab their chunk. I do imagine that there's a good
• 13:02
  chance what's coming with just my guess on this is we're going
• 13:06
  to tax you to all hell when it comes to your Bitcoin gains.
• 13:09
  But eventually they're probably going to come up with something
• 13:12
  that is, well, here's an incentive.
• 13:14
  If you pay your taxes in Bitcoin, then we'll give you
• 13:17
  some kind of a break just on the idea that these strategic
• 13:22
  reserves around the world are going to start jumping in.
• 13:25
  I do believe this is an absolutely unstoppable.
• 13:30
  They call it a phenomenon of Bitcoin and yeah, governments
• 13:34
  are corrupt as all hell and they're going to find their way
• 13:36
  to get their their piece. So just be prepared a. 100
• 13:40
  percent, 100%. Is like if they start doing this
• 13:44
  unrealized capital gains, then all of us, this is our point.
• 13:49
  I've seen this thing, I think it was yesterday, George Washington
• 13:53
  crossing, crossing the river ready to go to war over a 3%
• 13:57
  tax. And here we are getting
• 14:00
  completely destroyed by our governments when it comes to
• 14:02
  taxes. There does come a point,
• 14:05
  hopefully 100% nonviolent, but there does come a point where as
• 14:09
  a people we need to stand up and tell these corrupt POS is no.
• 14:15
  Yeah, 100% actually. And I'm really glad that you
• 14:18
  brought that up a lot. And because I was thinking about
• 14:20
  this because I was seeing some of the regulations that are
• 14:21
  happening in the United States. And I think that this is going
• 14:24
  to be, you know, I think with the incoming administration, a
• 14:27
  lot of this stuff is going to be repealed.
• 14:29
  But I said some original thought from last night.
• 14:31
  I said, does anyone else find it ironic that there are all these
• 14:34
  new upcoming requirements for businesses to register with the
• 14:37
  Finsen? That's right.
• 14:38
  If you are a business, you have to register with the Finsen.
• 14:42
  You have to file all this paperwork before January
• 14:44
  something. While the Pentagon can't account
• 14:47
  for 60%, that's right, 60% of its $4.1 trillion in assets
• 14:54
  equating to 2.46 trillion and has failed an audit for the 7th
• 15:00
  year in a row. But you peasant, you need to
• 15:04
  have all your paperwork in check.
• 15:06
  So again, it's rules for the but not for me.
• 15:10
  And I think that's the fundamental problem is instead
• 15:13
  of like having a little bit of like, you know, self reflection
• 15:17
  and being like, you know what guys like maybe we're maybe this
• 15:21
  isn't a taxation problem. Maybe this is a spending
• 15:24
  problem. Like, you know, instead of like
• 15:25
  self reflecting a little bit, they're like, no, let's double
• 15:28
  down. Fuck it, you know.
• 15:30
  However, I'm going to use a quote from the sovereign
• 15:32
  individual. We're going to check out a
• 15:34
  passage of it later on in today's show.
• 15:37
  Governments see their citizens like tax cattle.
• 15:40
  The problem is that the Internet has now given them wings.
• 15:44
  Anyways, Opti, what's your take on all this, brother?
• 15:47
  And of course, I know that, you know, a lot of you guys don't
• 15:49
  know this, but before Opti and Christine Lagarde were dated,
• 15:55
  Opti, you know, Opti was was trying to talk to Maloney.
• 16:00
  But I don't know if you ever pulled that off.
• 16:02
  I'm still working on it, Nico. No, All right.
• 16:07
  So my first take and really, you know, well, first of all,
• 16:10
  backing up a little bit like am I surprised that a central bank
• 16:13
  is out here kind of attacking Bitcoin?
• 16:15
  Not at all. I think it is their incentive to
• 16:17
  try to stop the adoption of Bitcoin.
• 16:20
  And I think the very interesting take from that report is
• 16:24
  essentially, you know, what, what was their quote?
• 16:26
  Crime as a service, peer-to-peer is crime as a service when US
• 16:29
  Bitcoiners know like the real criminals use dollar.
• 16:31
  That's that's not even the conversation here.
• 16:34
  I think the interesting part of the conversation is, is this
• 16:37
  idea that Bitcoin, you know, peer-to-peer transactions crimes
• 16:40
  as a service. So they're painting a problem
• 16:43
  that Bitcoin is being used for criminals.
• 16:46
  And what's their solution, which is always a solution to
• 16:48
  politicians, is to pass more regulations, more KYC, more AML.
• 16:53
  And I think this is a trend we are going to continue to see.
• 16:56
  We've kind of saw this happen in the US as well.
• 16:58
  Now it seems like we might get a different kind of angling from
• 17:01
  the administration in 2025. And so am I surprised that this
• 17:05
  is happening? Or rather a central bank is kind
• 17:07
  of being like, oh, bitcoins for criminals.
• 17:09
  Therefore, let us pass more laws.
• 17:11
  Let us get more stringent KYCAML laws.
• 17:14
  Let, let's just make sure we can track them better and we'll
• 17:16
  eliminate all the criminals. I, I think this is a very, very
• 17:20
  clear cut dialectic solution here, you know, propose a
• 17:24
  problem and then propose the solution you want, which is of
• 17:27
  course trying to track and bag Bitcoiners and people that want
• 17:31
  to use money that isn't the base.
• 17:33
  Like that part is not surprising at all.
• 17:35
  I think the most surprising part about this is this idea that
• 17:39
  Georgia Maloney, you know, the Prime Minister of Italy, she's
• 17:41
  supposed to be a free market maximalist like she's supposed
• 17:44
  to be for freedom. She's been talking with Malay.
• 17:47
  She kind of codes out there. I don't think she's actually a
• 17:50
  libertarian, but she kind of been talking in in those terms
• 17:52
  of like, oh, I'm for freedom. I want Italy to prosper.
• 17:56
  You know, I want more capitalism, I want more
• 17:58
  entrepreneurs in Italy. And then on the back end,
• 18:00
  they're passing regulations to tax unrealized games.
• 18:03
  Like this is crazy. This is this is not how it
• 18:06
  should work if you are, quote UN quote, a freedom maxi, a free
• 18:10
  market capitalist, etcetera. But am I surprised?
• 18:13
  Not really. We've been covering all year
• 18:15
  long about the EU and nations in Europe and they just seem to be
• 18:20
  doing everything ass backwards. Like the, I, it, it honestly
• 18:23
  seems like they are doing whatever they can to stop their
• 18:28
  countries from progressing Like they, they really are the, the,
• 18:33
  you know, Ground Zero for the World Economic Forum to pass all
• 18:36
  of these really, really ridiculous laws to stop their
• 18:40
  citizens from prospering. And, you know, if I was in
• 18:43
  Europe, I, I would be very, very honestly thinking about leaving
• 18:48
  at this point. But since I'm in America, I look
• 18:50
  over at Europe and it really like, like, like Aladdin was
• 18:53
  saying, it really does feel like, you know, the founding
• 18:55
  fathers looking at Europe and be like, man, they, there's, they
• 18:58
  do the most idiotic laws over there.
• 19:01
  Maybe we need to succeed. Maybe we need to cut ourselves
• 19:03
  off from that country. So, you know, it feels good to
• 19:06
  be an American at this point and look at the EU and all the
• 19:09
  things they're doing. And it's just like, man, it
• 19:11
  really feels like they're trying to handicap themselves and, and
• 19:15
  maybe giving them the benefit of the doubt, maybe they do
• 19:18
  actually believe in the stuff that they're saying.
• 19:20
  But also I've been saying all year long, I think at this
• 19:23
  point, looking at politicians and of course central bankers
• 19:27
  and their ilk and how they respond to Bitcoin, I don't
• 19:29
  think we can be naive anymore and and believe that they don't
• 19:32
  understand what Bitcoin is. I think they very clearly
• 19:35
  understand the stakes at hand and they're doing whatever they
• 19:38
  can to try to stop the adoption of Bitcoin.
• 19:40
  And I think this is another case.
• 19:42
  And it really is a bit of a let down to see Maloney kind of go
• 19:46
  out there with a rhetoric and say like, I'm for freedom, I'm
• 19:49
  for prosperity of my country. And then kind of pass these very
• 19:53
  ass backwards laws that are going to handicap the Italian
• 19:56
  citizens. And so hopefully the US kind of
• 19:59
  gets their head out of their ass.
• 20:01
  And next year we see some very favorable laws in the US, which
• 20:04
  will really kick off the global hash war.
• 20:07
  And if Bitcoin becomes, or rather if America becomes the
• 20:10
  Bitcoin capital of the world, everyone else is going to follow
• 20:13
  suit. And I'm just, I'm here for it.
• 20:15
  I'm really excited to see the jurisdictional arbitrage that is
• 20:18
  seemingly on the horizon. And hopefully we get some very
• 20:21
  favorable. You know, regulations and
• 20:23
  jurisdictions. And by favorable, favorable, I
• 20:26
  mean literally just like get out of our way, you know, treat
• 20:28
  Bitcoin as money, eliminate the capital gains, etcetera, and let
• 20:32
  people start to prosper versus the opposite, which is trying to
• 20:35
  steal as much as possible from us as quickly as possible. 100%
• 20:39
  I also want to give some sources too because Opti made some
• 20:43
  points about you know how the majority of illicit finance is
• 20:48
  in is in Fiat not Bitcoin. This is from a Forbes article
• 20:52
  you guys can check it out. Don't trust verify the name of
• 20:55
  the article if you search it is the false narrative of bitcoins
• 20:58
  role in illicit finance. Here I'll read you some of the
• 21:01
  passages. The majority of cryptocurrency
• 21:04
  is not used for criminal activity.
• 21:06
  According to an excerpt from Chain Analysis 20/20/21 report,
• 21:11
  in 2019, criminal activity represented 2.1% of all
• 21:15
  cryptocurrency transaction volume.
• 21:17
  In 2020, the criminal share of all cryptocurrency activity fell
• 21:21
  to just .34%. According to the UN, it is
• 21:25
  estimated that between 2 and 5% of global GDP, between 1.6 to 4
• 21:31
  trillion annually is connected with money laundering and
• 21:34
  illicit activity. This means that criminal
• 21:37
  activity using cryptocurrency transactions is much smaller
• 21:41
  than Fiat currency and it's going and it's use is going down
• 21:46
  year by year a year. So again, it's important to
• 21:49
  point those facts out, you know, to combat, you know this, this
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  According to Bitcoin prices 95,820 block high at 876,480.
• 25:41
  So that's per dollar 1044 market cap 1.9 trillion Bitcoin versus
• 25:46
  gold market cap 10.33% percentage issued 94.29% decline
• 25:51
  from all time high -11.5% realized monetary inflation
• 25:56
  1.12. All right, everybody moving on
• 26:00
  had a interesting tweet from Luke Broyles.
• 26:04
  Luke Broyles has done incredible work.
• 26:06
  I believe he's with the blockware team these days, a
• 26:09
  great company and great content creators as well.
• 26:12
  And he had some interesting thoughts.
• 26:14
  So let's check it out. He said, wait, so if Metal
• 26:16
  Planet is the best performing stock in Japan, Microstrategy's
• 26:20
  best performing stock in the USA, Bitcoin is the best
• 26:23
  performing commodity, Microstrategy's convertible
• 26:26
  bonds, the best performing, the BTCET, the BTCETF, the most
• 26:30
  successful ETF launch ever and the fastest growing network, are
• 26:33
  we winning? I also want to drop in Buchelles
• 26:37
  numbers as well, right? You know, Bukele is the most
• 26:41
  popular president in the Americas.
• 26:43
  Is that a coincidence that he adopted the Bitcoin standard?
• 26:46
  Is it a coincidence that sailors, you know, stock
• 26:49
  basically outperformed most of the S&P 500?
• 26:52
  Is that a coincidence? Is it coincidence that your life
• 26:54
  gets progressively cheaper over time if you adopt A Bitcoin
• 26:57
  standard? Like, these are all a lot of
• 26:59
  coincidences. There's so many coincidences,
• 27:02
  which you can say, theoretically, it is possible
• 27:05
  that there are that many coincidences.
• 27:08
  Or could it be that Bitcoin fixes things because it's sound
• 27:13
  money and it actually protects your, your energy, your work,
• 27:18
  your time from the savage, from the ravages of inflation?
• 27:21
  Now, how long until, you know, the rest of society, you know,
• 27:28
  wakes up to that reality? I think that's the opportunity,
• 27:30
  right? That's why you know what I think
• 27:33
  we have, you know, it's, it's I'm not going to say this, but I
• 27:36
  think at least we have a minimum of 10X and that that's on the
• 27:39
  bear side ahead of us, right? So, yeah, I mean, like how long
• 27:45
  until society realizes and wakes up?
• 27:48
  And, you know, those, those are a lot of coincidences from Luke.
• 27:51
  And I'm really glad he pointed it out.
• 27:52
  And that's a phenomenon that you're seeing everywhere, right?
• 27:55
  So you have multiple companies that have already come out
• 27:59
  publicly and said, hey, we're we're following the
• 28:01
  MicroStrategy playbook and we are adopting a Bitcoin standard.
• 28:05
  And as soon as they do that, their stocks just skyrocket.
• 28:09
  I mean, Rumble announced a partnership with Tether and I
• 28:13
  believe they're using some of that money to buy Bitcoin and
• 28:15
  they've announced that early on in the year.
• 28:17
  And then what happens? Their stock went up like 100% or
• 28:20
  something crazy like that in a very short period of time.
• 28:24
  You hear Indian companies, you know, saying that an Indian
• 28:27
  company, their CEO announced that they're following the
• 28:30
  MicroStrategy playbook, you know, of course Metaplanet with
• 28:33
  Dylan Leclair leading the charge, charge there.
• 28:35
  Of course, Bitcoin, well, you know, doing it in Canada, so, so
• 28:39
  many companies across the board are following the same playbook
• 28:43
  and their stocks are benefiting from it.
• 28:46
  So I think it's an absolute no brainer.
• 28:49
  And I think it's I think it's a matter of time before the world
• 28:52
  realized that Bitcoin is literally meant to go up
• 28:55
  forever. Laura, anyways, I'm going to
• 28:56
  pass it on to Aladdin. Aladdin, what's your take on
• 28:59
  this? You know, you are a Bitcoin
• 29:01
  entrepreneur, I would say. And you know, what's your take
• 29:05
  on the cheat code that Bitcoin gives you once you make it part
• 29:09
  of your treasury strategy? I mean, there's no competition
• 29:15
  with the other companies out there.
• 29:16
  Over time, they're not going to be able to keep up.
• 29:18
  That's why I was really stoked what is a week or so ago when
• 29:23
  Microsoft didn't want to put it on the treasury.
• 29:26
  That was a really, really amazing thing to me because I do
• 29:29
  believe that cheat code is definitely built in if you start
• 29:32
  adopting Bitcoin. And I'd love to see companies
• 29:36
  that really have the, the best benefit out for humanity to take
• 29:40
  this on versus these companies that have proven their shit.
• 29:44
  Like, I hope McDonald's never starts to adopt Bitcoin on their
• 29:47
  treasury. A lot of these companies, it's
• 29:49
  time for them to, to, to take off and kick rocks and, and let
• 29:53
  the, the new wave come in. So really excited to see this
• 29:57
  happen with companies that get it.
• 30:00
  I think honestly, like number go up on Bitcoin is incredible, but
• 30:05
  I, I don't think that's the ultimate win we have here.
• 30:07
  I think the ultimate win is the awakening that people really
• 30:11
  start to discover as they get into Bitcoin.
• 30:13
  It doesn't matter how rich you are and how much profit you make
• 30:17
  off Bitcoin, whether you sell it or whatever you do with it.
• 30:20
  The bigger one is learning about seed oils and.
• 30:22
  Learning. All the different things that us
• 30:24
  as Bitcoiners have come together to help teach each other.
• 30:27
  Your health means way more than the health of your bank account.
• 30:31
  So I think there's so much more to it the a healthy team, if
• 30:36
  you're an entrepreneur, if you're a company and, and of any
• 30:39
  kind, having a healthy team mentally, physically, all those
• 30:43
  things are far more important. So I think there's just a a big
• 30:49
  benefit all the way around far beyond just number go up, that
• 30:53
  anyone that adopts Bitcoin is going to really start to succeed
• 30:56
  in so many more ways. I I think you're absolutely spot
• 30:59
  on with that assessment, Opti. What's your take on all this,
• 31:02
  brother? Yeah, well, first of all, I
• 31:05
  think I've said this in the past and I think it's very clear now
• 31:09
  when you look at the numbers. First of all, you know, or
• 31:11
  second of all, sorry, we, you know, we all basically did our
• 31:14
  holiday dinners with our family. Hopefully you're with your
• 31:18
  family. Hopefully you didn't go too hard
• 31:20
  on your Bitcoin rant. Hopefully your family members
• 31:22
  are already Bitcoiners. But if you did go on your
• 31:26
  family, you know, your your yearly family rant about Bitcoin
• 31:29
  while everyone's around the table.
• 31:31
  I was telling everyone that it's very easy to just keep telling
• 31:35
  them and keep reiterating the same message that Bitcoin is the
• 31:38
  best performing asset, period. It's the superior money.
• 31:41
  It's perfect money. Whatever meme you wanted to use
• 31:43
  to explain to your family members that they need to hold
• 31:46
  some, I think 2024 with the numbers have shown that that is
• 31:49
  true. As as Luke Rose was saying, you
• 31:52
  know, metaplanet has added Bitcoin to their their balance
• 31:55
  sheet. They're the best performing
• 31:57
  stock in Japan micro strategies outperforming everything this
• 32:00
  year, blowing everything out of the water simply by adding
• 32:03
  Bitcoin to their balance sheet. The Bitcoin ETF has launched
• 32:07
  it's literally the best performing ETF launch ever.
• 32:10
  It's already in what was it 10 months has more capital in it
• 32:14
  than the gold ETFs, which has been around for a long time.
• 32:18
  So it's becoming very clear and the math is there that Bitcoin
• 32:22
  is something that you need to be holding.
• 32:23
  It's the best performing asset over the last 15 years.
• 32:26
  I think it's the best what what was the numbers the best
• 32:28
  performing asset 11 out of the last 14 years year by year.
• 32:33
  So the, the data's there and the reason I bring all that up is
• 32:36
  because there's still a lot of people out there on Twitter that
• 32:38
  are essentially saying like, oh, Bitcoins useless.
• 32:41
  Like, you know, it's not backed by anything.
• 32:43
  You know, Bitcoiners are just gamblers.
• 32:45
  Bitcoiners are just speculating. And it's like, I don't know what
• 32:49
  data you are looking at. Bitcoin is simply the best
• 32:52
  savings vehicle period. If you actually look into the
• 32:55
  data, if you actually do the research for longer than like 2
• 32:57
  to 3 minutes and you're able to get past all the fun headlines,
• 33:01
  it's very clear Bitcoin is the best performing period.
• 33:04
  You need to be holding some. And I think 2024 is the year
• 33:07
  that the data is there And, and it's conclusively showing that
• 33:11
  you need to be holding Bitcoin. Whether it's it's Michael Saylor
• 33:14
  and the micro strategy strategy, whether it's what Metaplan is
• 33:18
  doing, whether it's the Bitcoin ETF, whether it's Larry Fink
• 33:20
  coming into Bitcoin, All the signals are showing the same
• 33:24
  thing. All roads lead to Bitcoin.
• 33:26
  You need to be holding some. And I actually saw this clip
• 33:29
  this morning. It was going around this week
• 33:31
  and I, I think it aired on Christmas or Christmas and it
• 33:34
  was Jack Mahler's kind of talking about the fact that so
• 33:37
  many people have a hard time wrapping their head around
• 33:40
  Bitcoin. And the way he was framing it
• 33:42
  was something on the lines of like, it's incredibly hard for
• 33:45
  people to understand that in Bitcoin you literally make more
• 33:49
  money in your sleep than you do when you are working as hard as
• 33:52
  you humanly can. And that just completely flipped
• 33:55
  everything on its head because we are kind of taught to wake
• 33:58
  up, grind, work, you know, work your ass off, work your job,
• 34:01
  save, save it. You know the the profits and
• 34:05
  just continue this process until you essentially burnout and as
• 34:08
  bitcoiners are just like, yeah, do that process, but save your
• 34:12
  excess capital in Bitcoin and it's a cheat code.
• 34:15
  It's literally a superpower. And one more last tweet, which I
• 34:19
  thought was funny. This isn't original for me
• 34:21
  personally. I saw it on Twitter as well.
• 34:23
  There there was some guy on Twitter.
• 34:24
  He's like some Canadian Twitter fin send guy and his name's like
• 34:28
  the lazy investor or something on that lines.
• 34:30
  And over the weekend he's going in and saying like he literally
• 34:34
  called the absolute bottom of Bitcoin AT15K, you know, a
• 34:37
  couple years ago. And his thing's called the lazy
• 34:39
  investor. And he's kind of saying like,
• 34:41
  oh, Bitcoiners are lazy, they're gamblers and stuff.
• 34:44
  And the irony is literally you can be the laziest investor
• 34:48
  period by just buying Bitcoin and you're going to outperform
• 34:51
  even the best investors, the best companies in the world.
• 34:55
  And I it's just, it's literally such an easy cheat code that it
• 34:58
  seems complicated and people like to complicate things, but
• 35:01
  literally you make more money in your sleep once you're in
• 35:04
  Bitcoin, then you do working your ass off every single day.
• 35:07
  And that's not to say you don't have to work hard.
• 35:10
  All I'm saying is that your capital, your savings should be
• 35:12
  working for you versus constantly losing purchasing
• 35:15
  power year over year. And that's the way that's the
• 35:18
  status quo. That's the way the world is set
• 35:20
  up is if you're saving dollars, you got to become a, you know,
• 35:23
  an investor just to survive. And all we're saying is, hey,
• 35:26
  man, you know, work your job, save some excess capital, live
• 35:29
  below your means, put it all into Bitcoin.
• 35:32
  And I'm telling you, in a few years, you're going to be happy
• 35:34
  you did that. You can literally be a lazy
• 35:36
  investor with Bitcoin and your life will improve.
• 35:39
  And that's what everyone wants is I just want to ensure that
• 35:42
  I'm not getting broker every year and I can actually have
• 35:45
  something in the future. And I think more people need to
• 35:48
  hear this message. Literally, Bitcoin is the thing
• 35:51
  you need to be saving. Absolutely, I mean spot on
• 35:54
  absolute epic rant from from Saint Opti.
• 35:57
  I don't think I've caught you St.
• 35:59
  Opti in a while. ANYWAYS, I do want to give a
• 36:01
  shout out to the live stream. Over 600 of you guys watching
• 36:04
  live on YouTube alone and 3200 of you guys watching live
• 36:08
  between YouTube Rumble and X. So if you guys are enjoying the
• 36:12
  show so far, make sure to smash that like button.
• 36:15
  We're going to talk a little bit more about, again, this this
• 36:19
  regulatory creep that's happening in Europe regarding
• 36:23
  the incoming Mika regulations. I did a breakdown of all the
• 36:28
  things that you guys should be on top of.
• 36:30
  And again, I have some passages from the sovereign individual
• 36:33
  that I want to read to you guys. So again, you could connect the
• 36:36
  dots and you have to understand where you are in history.
• 36:40
  And essentially where we are is we're transitioning from the
• 36:42
  industrial age into the information age and things are
• 36:46
  different. Things are different.
• 36:48
  You know, the Internet has essentially given the power to
• 36:51
  people to communicate on on a mass scale and a peer-to-peer
• 36:54
  communication. Look at how much they tried to
• 36:56
  stop and censor social media. Remember when the Twitter Files
• 37:00
  came out, right? Like now you have protocols like
• 37:03
  Noster where censorship is just completely off the table.
• 37:07
  Of course, I want to give a shout out to Elon for so-called
• 37:09
  freeing the bird. You know, and free speech has
• 37:12
  been much better on X. And of course, I think with the
• 37:15
  incoming administration, you know, and especially, you know,
• 37:18
  that you can make a very strong case that they were that that
• 37:21
  Trump was the victim of deplatforming too.
• 37:24
  You know, I think that, you know, they're going to put a lot
• 37:26
  of emphasis on on on censorship as well.
• 37:29
  So, yeah, I mean, it's it's it's very it's very difficult.
• 37:33
  You know, it we're in this pivotal moment in history where,
• 37:37
  you know, governments used to essentially be able to control
• 37:40
  the media through control the narrative better said through
• 37:45
  legacy media. And now that you are the media
• 37:49
  now and on, because you have the ability to grow your own
• 37:52
  platform, communicate directly, peer-to-peer with your audience,
• 37:57
  it's a lot harder to control the mass narrative.
• 38:00
  And you see this like I know you guys, probably most of you don't
• 38:03
  do this. Tune into the legacy media.
• 38:05
  It's another world, it's another dimension.
• 38:09
  If you are getting your news from X or nostril or just
• 38:12
  conversations versus getting your news from legacy media, you
• 38:17
  are living on another planet. But remember 10 years ago, there
• 38:21
  was no other media. It was you got your news from
• 38:24
  newspapers, you got your news from the channels.
• 38:28
  And I think what we've discovered really is that it's
• 38:31
  been, it's like an approved narrative, right?
• 38:35
  So essentially what we've seen over the last decade, and it was
• 38:38
  very messy and we covered a lot of it is what I call the
• 38:41
  disintermediation of of the state and information.
• 38:45
  And I think where we're heading into is the disintermediation of
• 38:49
  the state and money. And you think that the
• 38:52
  disintermediation of information in the state was messy.
• 38:55
  This upcoming thing I think is going to be messier because
• 38:59
  that's their source of funding, that's their source of power.
• 39:02
  So I think that it's going to get messier.
• 39:04
  I think we're going to win at the end.
• 39:06
  I think Bitcoin has better incentives and all they have is
• 39:08
  coercion. And my money is always on
• 39:11
  incentives versus coercion. It's like human nature, you
• 39:14
  know, like they like if you think about all those
• 39:16
  totalitarian countries like Cuba or like, you know, W Berlin,
• 39:21
  East Berlin, why did they always have to build a wall trying to
• 39:25
  keep people in in the totalitarian country, right?
• 39:27
  And then they would try to free to the free country.
• 39:30
  Why do Cubans try to get on a raft and, you know, try to like
• 39:34
  the navigate 90 miles of open ocean to try to get to Florida?
• 39:38
  Like, again, if the system was so great they would stay.
• 39:42
  But then no, they're literally putting their lives on the line
• 39:45
  because they want the freedom. They want the freedom to choose.
• 39:47
  So again, that's incentives. That's the incentive game
• 39:50
  theory. And then not to mention the fact
• 39:52
  that even if Europe continues to go down this path, I think that
• 39:57
  is opening up an opportunity for other countries.
• 40:00
  A great one is Dubai. They have no income tax.
• 40:04
  So you see a lot of wealthy Europeans actually go to Dubai
• 40:08
  to set up business and to set up shop.
• 40:10
  That's why you have this talk from the Netherlands and Denmark
• 40:13
  talking about the exit tax. You know, which is nuts, right?
• 40:16
  I think that what the arrest of Rodger Burr was to make an
• 40:20
  example out of him, say, listen, even if you give up your US
• 40:22
  citizenship, we can still arrest you 10 years later and say you
• 40:25
  committed tax fraud. You know, I think that's really
• 40:28
  what it's about, guys. And we have to remember where we
• 40:30
  are in history so that we can navigate it successfully and
• 40:34
  become sovereign individuals. All right, everybody, let's hit
• 40:36
  the news. We have tons to cover.
• 40:37
  Let's check it out. Here we go.
• 40:38
  We'll we'll be right back. I want to give a very special
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• 42:34
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• 42:38
  Bitcoin. And if someone else is taking
• 42:41
  custody of your Bitcoin, you have to ask them for permission.
• 42:44
  And if you have to ask somebody else for permission to use your
• 42:46
  money and ain't really your money.
• 42:48
  So we recommend getting yourself a hardware wallet.
• 42:52
  And of course, we recommend our partner completely open source
• 42:55
  Bitcoin only hardware wallet passport by foundation devices
• 42:59
  use promo code simply to get a small discount.
• 43:02
  All right, everybody. So again, I think this is just
• 43:05
  the general theme of today's episode.
• 43:07
  I totally didn't do this on purpose.
• 43:08
  It just kind of happens. But yeah, so there's incoming
• 43:13
  regulations in the United States regarding tax reporting and and
• 43:18
  Bitcoin and crypto assets. Now, because that wasn't signed
• 43:20
  into law, that was actually a guidance provided by the IRS.
• 43:25
  The incoming Trump administration can repeal it,
• 43:29
  but that hasn't been the case yet, nor have they made an
• 43:31
  announcement of that. That's in the US.
• 43:33
  Now, what I think is a little bit more interesting is the
• 43:36
  so-called Mika rules that Christine the Guard actually
• 43:40
  mentioned verbatim when she was talking about Bitcoin.
• 43:44
  And you know, nothing is completely troubling, but there
• 43:48
  are some things that are worrying.
• 43:50
  So I read this entire article so you guys wouldn't have to.
• 43:53
  But essentially, let me just provide the top because it
• 43:55
  provides a little bit of context.
• 43:57
  So this report provides an analysis of the current and
• 44:00
  forthcoming regulatory frameworks within the European
• 44:04
  within the EU laws based on the Financial Action Task Force
• 44:08
  recommendations concerning non custodial Bitcoin and other
• 44:11
  crypto asset wallets and peer-to-peer cryptocurrency
• 44:16
  transactions. The primary aim is to determine
• 44:19
  whether and to what extent non custodial wallets fall within
• 44:22
  the purview of public regulatory systems.
• 44:25
  Additionally, it evaluates the potential implications of such
• 44:29
  frameworks for entities and individuals engaging in non
• 44:33
  custodial wallet activities. Like it sounds so demonizing.
• 44:37
  It's like you send a Bitcoin transaction, you are now
• 44:40
  engaging in non custodial wallet activities like and particularly
• 44:44
  regarding anti money laundering counterterrorism financing
• 44:48
  requirements. Now again I have to emphasize
• 44:51
  the Forbes article. The vast majority of illicit
• 44:54
  finance is done within the traditional financial system.
• 44:57
  So don't let them gaslight you. I think this has nothing to do
• 45:01
  with all the things that they claim It says it has to do so
• 45:05
  anyway. So let me give you guys a quick
• 45:07
  overview and then I'll open the discussion up to Opti and
• 45:09
  Aladdin. So first up, it's an analysis
• 45:11
  obviously of the EU regulations and here's some of the key
• 45:15
  findings. So the current status is is the
• 45:21
  non custodial wallets currently outside direct EU AM L slash
• 45:27
  CFTC. The EBA guidelines emphasize
• 45:30
  elevated risks associated with non custodial wallets recommend
• 45:35
  enhanced customer due diligence. Now again, like the reason that
• 45:39
  I find this interesting is how, how like how I'm, I'm serious,
• 45:46
  like, are you like, are you going to KYC every time you
• 45:49
  download Electrum or Sparrow? Because that, that's where the
• 45:53
  reason we cover this guys is because that's where it's
• 45:56
  heading. And I remember when the, the
• 45:59
  tornado, we were so spot on when we called this Opti, the tornado
• 46:03
  cash case happened. And I remember I had like this
• 46:05
  1000 yard stare and I'm like, Oh my God, they're trying to set a
• 46:08
  precedent. And the Tornado Cash happened.
• 46:11
  Thank thankfully it was appealed again, elections have
• 46:13
  consequences, but it repealed. But like, but those cases are
• 46:19
  still ongoing, right? But essentially what the US
• 46:21
  government tried to do is that they tried to set a precedent
• 46:24
  where the treasury can sanction open source software.
• 46:27
  You know what else is open source software?
• 46:29
  Bitcoin. Because I think fundamentally
• 46:31
  what it comes down to is that the current system of control,
• 46:35
  because that's really what it is, is not compatible with an
• 46:39
  open monetary network where there's rules, but there's no
• 46:43
  rulers. Now governments have used to
• 46:47
  been being the users, the rulers.
• 46:51
  And now that it's basically we have a money where the rules are
• 46:55
  there, they're determined, the system runs fine, There's no CEO
• 46:59
  required, right? You know, you're kind of
• 47:02
  scratching your and by the way, the system is better than Fiat
• 47:05
  money. You kind of have, you're just
• 47:07
  kind of scratching your head and saying like, you know, what's
• 47:10
  the deal bro? Right.
• 47:12
  So anyways, here's the forthcoming regulations.
• 47:14
  Mika 2024. Excluding non custodial wallets
• 47:18
  from direct scope indirectly impacts crypto asset service
• 47:22
  providers by encouraging stricter practices.
• 47:25
  So essentially what they're doing is that they're, to use
• 47:28
  Christine Lagarde's own words, they're closing the escape
• 47:31
  valve. Mandates crypto asset service
• 47:34
  providers collect data for transactions involving non
• 47:37
  custodial wallets. So essentially TLDR, they want
• 47:41
  your exchange to report to the government every time you
• 47:47
  withdraw money from the exchange.
• 47:49
  Why would they do that? Like you see where that's
• 47:52
  heading? Because eventually it gets to a
• 47:54
  point, you know, and you already are hearing the word from the
• 47:56
  Italian central bank basically saying that peer-to-peer Bitcoin
• 48:00
  transactions are illegal. And it, and it kind of reminds
• 48:03
  me again, like it reminds me of what was happening with social
• 48:05
  media where, you know, you'd have these people on legacy, on
• 48:09
  legacy TV basically saying like what's being said in legacy
• 48:13
  media is what's being said on social media is misinformation.
• 48:17
  You actually need someone in there to, you know, content
• 48:22
  guidelines and you need someone in there to be like a referee
• 48:25
  and determine what is misinformation, what is not
• 48:27
  information. And there was all this
• 48:29
  censorship. So essentially it was a
• 48:31
  justification for censorship. Anyways, it goes on to say
• 48:35
  prohibits anonymous transactions.
• 48:37
  Again, how is this? How are they going to be able to
• 48:40
  do that? How are they going to be able to
• 48:42
  do that? Like they could put it on paper.
• 48:44
  But you know, let's say you take out Bitcoin, you know, from an
• 48:48
  exchange and you know, you hire someone to do contractor work
• 48:53
  and that person is, you know, in Africa and they can't receive
• 48:58
  the traditional, you know, they can't receive money through the
• 49:00
  traditional rails and you pay them in Bitcoin.
• 49:04
  Like like, are you supposed to report that transaction, right?
• 49:09
  And then like, that's a lot of regulatory paperwork for the
• 49:12
  average everyday individuals. So again, it's a lot of
• 49:15
  questions. But once they get this into law,
• 49:18
  the way that a lot of these laws work, guys, and I'll give you
• 49:20
  the example of the the infamous Bank Secrecy Act in the United
• 49:25
  States. When that was passed into the
• 49:27
  law in the 1970s originally essentially what it was is every
• 49:32
  $10,000 transaction had to be reported.
• 49:35
  However, if you adjust for inflation, $10,000 back in the
• 49:39
  1970s equates to $80,000 worth of purchasing power today.
• 49:44
  Back when the so-called Inflation Reduction Act bill
• 49:48
  passed, one of the things that they wanted to include into that
• 49:51
  bill was that every $600.00 transaction had to be reported.
• 49:56
  Mind you, this is the same government that is failing
• 49:59
  trillion dollar audits right? So they don't even help hold
• 50:03
  themselves to the same accountability, right that they
• 50:06
  expect their citizens to, you know, to, to follow.
• 50:10
  If that isn't the definition of tyranny, I don't know what is.
• 50:13
  So it goes on to say AML regulation introduces stricter
• 50:17
  requirements for crypto asset service providers, including
• 50:20
  transaction monitoring and reporting, requires member
• 50:24
  states to establish financial intelligence units.
• 50:27
  It goes on to say emerging challenges open source
• 50:30
  technologies like Lightning Network conflict with regulatory
• 50:34
  requirements, potential marginalization of EU based
• 50:38
  service asset service providers and innovation due to
• 50:41
  restrictive policies. No shit risk, risk of users
• 50:45
  shifting to unregulated markets outside the EU.
• 50:49
  No shit privacy could. Like obviously that's like, what
• 50:52
  do you think is going to this is what we've been talking about
• 50:54
  this entire time. Like, people are just going to
• 50:55
  get up and leave, right? Privacy concerns if you have to
• 50:59
  build up a wall to keep people in, like, that's probably not a
• 51:02
  good sign. Extensive customer data
• 51:05
  collection requirements, risk and violating financial privacy,
• 51:09
  right? And again, you know, we're not
• 51:11
  going to use this against you, bro.
• 51:12
  All the videos that are coming out regarding the digital euro,
• 51:15
  we will respect your privacy. Like, yeah.
• 51:17
  Like, just like you respected the Canadian truckers, right?
• 51:20
  Lack of harmonized safeguards and reliance on member states
• 51:23
  may lead to misuse of data, criticism of inadequate
• 51:27
  procedural protocols, judicial oversight and data sharing
• 51:30
  practices. Recommendations reassess
• 51:32
  regulatory approach to align with technological advancements,
• 51:36
  ensure balance measures to support innovation while
• 51:39
  addressing AML slash CFTC concerns.
• 51:42
  And again, this is the the recommendations based on the
• 51:45
  report. This isn't actually in the
• 51:46
  report itself. Now, if you're reading all this
• 51:49
  stuff, you're like, this is pretty freaking insane, right?
• 51:52
  Like this is pretty crazy. And like here in the US, for
• 51:55
  example, again, I don't know if this is going to change with the
• 52:00
  the incoming, the incoming Trump administration, but talk about
• 52:06
  like the the regulatory burden on each individual like this is
• 52:12
  nuts. So this is Andrew Gordon and
• 52:15
  he's talking about crypto. Investors must comply with the
• 52:18
  IRS Revenue Procedure 2024 to 2028 Safe Harbor by 12/31/2024
• 52:25
  to avoid penalties and optimize your cost basis for digital
• 52:29
  assets. Let's break down.
• 52:30
  Let's break it down so you don't miss this critical deadline.
• 52:34
  What is Revenue Pro Proc 20/24/28?
• 52:38
  Starting January 1st, 2025, the IRS requires crypto investors to
• 52:42
  account for digital assets on a wallet by wallet basis.
• 52:46
  The safe. The Safe Harbor allows you to
• 52:48
  allocate unused cost basis favorability before the
• 52:52
  deadline. Miss it and you could face lost
• 52:54
  tax saving opportunities, potential penalties and
• 52:57
  interest. Here's how to comply with the
• 53:00
  Safe Harbor by 12/31/2024 Underline Understand the
• 53:04
  guidelines. The Safe Harbor lets you
• 53:06
  allocate unused cost basis to specific wallets using
• 53:10
  prescribed methods like global allocation or specific unit
• 53:14
  allocation. Identify all wallets and
• 53:17
  accounts. List every wallet.
• 53:20
  Exchange an account holding your crypto.
• 53:23
  Keep this list for your Safe Harbor statement.
• 53:26
  Mind you, what they just said is take a picture and send every to
• 53:31
  get let, let the IRS know all of your wallets, all of your
• 53:36
  exchange balances, all your accounts, and you're going to
• 53:39
  send it to them. If that is not a privacy
• 53:42
  concern, I don't know what is. And again, I read this, I read
• 53:46
  this first part, I think it's like 50 or 40% of Americans own
• 53:51
  crypto. I don't even know what that
• 53:53
  first paragraph meant. I'm not an accountant.
• 53:56
  I don't have that type of background.
• 53:58
  Do you think that like, this is insanity, right?
• 54:01
  Mind you, this is a government that is spending trillions of
• 54:04
  dollars more than is collecting in tax revenue year after year,
• 54:09
  meaning they have a serious spending problem, but they
• 54:13
  expect their citizens to fall in line.
• 54:15
  That is crazy. Like separate money from state
• 54:19
  Bitcoin or slavery. It's no joke.
• 54:20
  Anyways, goes on to say prepare your safe harbor statement,
• 54:24
  allocation method, a complete list of wallets and exchanges,
• 54:28
  attach your time stamp screenshots.
• 54:32
  I mean dude, that's all I got to say.
• 54:35
  Now why is this happening? And it's important to remember
• 54:38
  why is this happening? As you know, we just, I think
• 54:43
  we're out of it. But just as the separation of
• 54:46
  information and state was messy, the de platforming of a
• 54:50
  president, the censorship of information, the Twitter Files
• 54:54
  revealed that elements of the US government were conspiring with
• 54:58
  social media companies to censor the speech of Americans.
• 55:01
  Even though it's completely against the 1st Amendment.
• 55:04
  You have to understand they've probably been doing that for a
• 55:06
  long time. But with the Internet, it's a
• 55:09
  totally different ball game. And again, you know, it, it's,
• 55:14
  it's like, you know, the invention of gunpowder, the
• 55:16
  invention of the printing press. These are technologies that
• 55:20
  fundamentally reshaped how society organized itself.
• 55:24
  So I do want to read some passages from the sovereign
• 55:26
  individual. And then I'm going to pass it on
• 55:27
  to Aladdin because I know I've been ranting on my soapbox for a
• 55:30
  long time. So this goes on to say the
• 55:33
  authors of the Sovereign Individual also predicted that
• 55:35
  with the rise of the new cyberspace and consequently
• 55:38
  cyber money, it will become harder for a nation state to
• 55:41
  collect taxes from its citizens. They compare the state to a
• 55:44
  farmer keeping cows in a field to be milked.
• 55:46
  But that quote, soon the cows will have wings.
• 55:49
  They predict that for the government to collect taxes from
• 55:51
  its citizens in this type of society, it would have to
• 55:54
  violate human rights. Even in traditional civil
• 55:56
  countries would have to resort and turn nasty.
• 55:59
  Now, when they say taxes, I want to emphasize taxation.
• 56:03
  Inflation is a form of taxation. So lacking their accustomed
• 56:07
  scope to tax and inflate, which is the same thing in my opinion,
• 56:10
  governments even in traditionally civil countries,
• 56:12
  will turn nasty. Businesses that offer services
• 56:15
  that facilitate the realization of autonomy by individuals will
• 56:18
  be subject to infiltration, sabotage, and disruption.
• 56:22
  Arbitrary forfeiture of property, already commonplace in
• 56:24
  the United States, where it occurs 5000 times a week, will
• 56:27
  become even more pervasive. Governments will violate human
• 56:30
  rights, censor the free flow of information.
• 56:32
  Sound familiar? Sabotage useful technologies.
• 56:34
  Sound familiar And worse. So this is where we are in the
• 56:38
  movie. This is where we are in the
• 56:39
  story. And it's important to kind of
• 56:42
  just, you know, zoom out and understand where you are in
• 56:45
  human history. But it is extremely exciting
• 56:48
  because once we get over this hill, I think humanity is going
• 56:51
  to live through a golden era of prosperity and freedom the likes
• 56:56
  of which we have never seen in human history, which is
• 56:59
  extremely exciting to me. Aladdin, what are your thoughts
• 57:02
  on all this, brother? Oh.
• 57:04
  Man I don't know about everyone else but I I really feel like we
• 57:09
  are just frogs in the boiling pot.
• 57:13
  But I think the pot has been boiling hardcore for quite a
• 57:15
  while, especially 2020. They were able to get away with
• 57:20
  so much. I I really think all this just
• 57:23
  comes down to a big test and the fact that they were able to get
• 57:27
  away with everything they did over the last four years.
• 57:30
  And we haven't stood up further than than we have been standing
• 57:34
  up. They're just going to keep
• 57:35
  poking and they're going to keep pushing as far as they possibly
• 57:39
  can. Excuse me, until we either stand
• 57:43
  up or we just completely give in and let them do whatever they
• 57:48
  want. I mean come on, we saying
• 57:52
  Bitcoin is used by criminals when Epstein was literally being
• 57:56
  banked by JP Morgan. I I don't remember anything
• 58:00
  coming out of Epstein using Bitcoin or Diddy using Bitcoin
• 58:04
  or any of these absolute disgusting PO s s it.
• 58:08
  It's really simple. If anyone wants to just take the
• 58:11
  time to use some critical thinking skills, it it's all out
• 58:16
  there, laid out, really, really clear for everyone to
• 58:20
  understand. So I do think that all this, all
• 58:24
  of this is so extreme. It has to be a test.
• 58:29
  It's got to be part of the Matrix right now.
• 58:30
  And there's, like you said, hopefully we get to the point
• 58:34
  where we have this bright orange future that we've all been
• 58:37
  waiting for, the humanity's been waiting for.
• 58:41
  But the tyrants have been in control for so long.
• 58:45
  Most of these countries in the EU, they've not most, I think
• 58:48
  every single one of them has given up their rights to bear
• 58:51
  arms, their rights to protect themselves.
• 58:54
  And they've literally said to the government, we trust you
• 58:57
  with our families. We trust you with everything
• 59:01
  that is disturbing and disgusting.
• 59:03
  And that's really where brass hits the road at at that point
• 59:10
  harder than anything. So I, I, I think it's just a big
• 59:14
  test right now and it's time for either the people in the EU to,
• 59:17
  to start waking up or it's just going to get worse.
• 59:21
  And it really is hopefully a big sign to us in the United States
• 59:24
  that we better be on our toes with all of this and making sure
• 59:28
  we're we're paying attention because what is successful there
• 59:33
  will be the next test here. Absolutely. 1,000,000% it's a,
• 59:36
  it's a, it's a testing bed. You can make a very strong
• 59:39
  argument that the United States subsidizes the European Union,
• 59:43
  which part of the reason that, you know, they're, they're able
• 59:46
  to, you know, get away with a lot of this spending.
• 59:49
  And you know, Mike, Ben's been making the rounds on Tucker.
• 59:54
  I think he, I believe he went on Joe Rogan.
• 59:57
  It's so eye opening. And one of the things, one of
• 59:59
  the things that he's making the argument for is, you know, ever
• 1:00:02
  since the Twitter Files were exposed and essentially they
• 1:00:05
  couldn't do that domestically. What they're trying to do is do
• 1:00:07
  it through Europe and implement regulations in Europe that would
• 1:00:10
  affect American companies and therefore kind of, you know,
• 1:00:13
  circumvent the, you know, this, this, this pesky First Amendment
• 1:00:18
  that is. You know, very uncomfortable,
• 1:00:21
  right? You, you can't think, peasant.
• 1:00:24
  You don't. You can't think.
• 1:00:25
  You you can't think critically. How dare you, peasant?
• 1:00:28
  How dare you want to use your own money?
• 1:00:30
  Don't you know that's dangerous? We know what's best for you.
• 1:00:32
  Inflation is actually good for the soul.
• 1:00:35
  Anyways, Opti, what's your take on this brother?
• 1:00:39
  Yeah, well, my first thought is this is very obviously digital
• 1:00:43
  capital controls. And we've seen what happens when
• 1:00:46
  governments and and you know, dictators and tyrannical
• 1:00:51
  governments try to control capital.
• 1:00:53
  It doesn't end well. And we're just seeing this start
• 1:00:55
  to go into the digital landscape.
• 1:00:57
  And so are we surprised? Obviously, no.
• 1:00:59
  I think we've been covering this all year long, Nico.
• 1:01:02
  And the way we kind of been framing it, actually you've been
• 1:01:04
  covering it more on like the sanctions Ave., but Bitcoin is
• 1:01:08
  incompatible with how things are written right now.
• 1:01:10
  And you can see even with those proposals or the, you know, the
• 1:01:13
  conclusions at the end of your overview, you can see that they
• 1:01:18
  are also kind of realizing that way we can't really do the same
• 1:01:22
  thing that we've always been doing with Fiat currencies with
• 1:01:25
  Bitcoin. And we have to totally
• 1:01:27
  reevaluate what we're doing here.
• 1:01:28
  And so will they acknowledge that they don't have any power
• 1:01:31
  here? I don't think so.
• 1:01:33
  But what we are seeing is that again, they understand what the
• 1:01:37
  stakes are and they are trying to think through this.
• 1:01:39
  Obviously they if if they could get away with it, they would do
• 1:01:42
  whatever they can to control Bitcoin.
• 1:01:44
  And we've been covering it all year.
• 1:01:46
  The on and off ramps are very clearly an easy choke mechanism,
• 1:01:53
  a very easy pain point there is if you get all the exchanges to,
• 1:01:57
  you know, add and, and double their scrutiny on the users, the
• 1:02:02
  KYCAML, etcetera, then it will be harder for people to get
• 1:02:06
  Bitcoin. And this is how they can slow
• 1:02:08
  the adoption of Bitcoin. And we've been seeing throughout
• 1:02:10
  the year that governments are kind of wrapping their heads
• 1:02:12
  around this idea of, wait, Bitcoin's here, it's not going
• 1:02:15
  to stop. It's decentralized, it's
• 1:02:17
  permissionless. No one controls it.
• 1:02:20
  There isn't 1 pain point, there isn't one head to chop off.
• 1:02:23
  And now we have to kind of re evaluate metaphorically, of
• 1:02:26
  course, and we have to re evaluate how we are going to try
• 1:02:30
  to control this thing. And so, as we say all the time
• 1:02:33
  as Bitcoiners, you have to humble yourself to, you know,
• 1:02:36
  start stacking sats. It's an ego test.
• 1:02:38
  And I'm not, I'm not really the biggest fan of the, the meme.
• 1:02:41
  It's an ego test. But we are seeing that
• 1:02:44
  governments, they're obviously not at the point where they're
• 1:02:47
  going to humble themselves and realize, well, we, we're better
• 1:02:49
  off embracing this. But we're seeing that they are
• 1:02:52
  trying to push proposals right now to try to stop Bitcoin.
• 1:02:55
  And it's the classic floodlines. Nico, we covered this in the
• 1:02:58
  beginning of the show. You know, they paint us as
• 1:03:00
  criminals. It's it's a pure and simple
• 1:03:02
  dialectic here. They paint us as criminals.
• 1:03:05
  And their solution is, well, let's just tag and bag them
• 1:03:08
  more. Let's just, you know, have more
• 1:03:09
  stringent rules on top of it and we can control this better.
• 1:03:13
  And so you're seeing that this is playing out over and over and
• 1:03:16
  over again. We've seen again, historically
• 1:03:18
  what happened with capital controls and this this is just
• 1:03:21
  getting moved into the digital land sphere or the, you know,
• 1:03:24
  the digital ecosystem. And so I think they will fail.
• 1:03:28
  Hopefully they realize that it's better to engage with Bitcoin
• 1:03:33
  honestly and, and let people use Bitcoin.
• 1:03:36
  But we know that many of the people in power are just there
• 1:03:40
  for control. And so I don't think they're
• 1:03:42
  going to give up that control very easily.
• 1:03:44
  But we're seeing them kind of wrap their heads around this
• 1:03:46
  idea of, wait, we can't control this.
• 1:03:48
  So how can we control this? Or rather, how can we control
• 1:03:52
  individuals? And it's very clear you could
• 1:03:54
  just pass more regulations, more laws, make it harder for people
• 1:03:57
  to get Bitcoin and this is how they think they will stop
• 1:04:00
  Bitcoin. But that's really only going to
• 1:04:02
  work for us early adopters in Bitcoin.
• 1:04:05
  It's only going to stop the first people to get into.
• 1:04:08
  But once you're in Bitcoin, they can't control it.
• 1:04:11
  And I and you know, I argue all the time that hey, they can
• 1:04:13
  barely control their own system. Well, what makes them think that
• 1:04:15
  they can control our new system that is literally designed to be
• 1:04:19
  uncontrollable? This is a losing proposition
• 1:04:21
  here, but doesn't mean they're not going to try a. 100% I have
• 1:04:25
  100% agree with that Opti and Aladdin.
• 1:04:30
  Now it's time for the fun, fun, fun time of the show.
• 1:04:34
  We're going to talk about BTC trading cards.
• 1:04:36
  These guys are absolute legends and they're going to be dropping
• 1:04:40
  a new pack coming in or Q1 of 2025 and some of the cards are
• 1:04:47
  absolutely amazing. I want to share some of them
• 1:04:50
  today, Opti, so we can have that in the background and well, I.
• 1:04:53
  Got wine. I got the only one I care about
• 1:04:55
  here, but we I know Aladdin's got some cool ones.
• 1:04:59
  So yeah, we're definitely going to go through all that.
• 1:05:00
  So guys stay tuned for the culture sure broke 4000 live
• 1:05:04
  viewers right now on YouTube Rumble and X glad you guys are
• 1:05:07
  enjoying the show. I think 600 alone on YouTube
• 1:05:10
  which is great show and we're on the verge of breaking 300 likes
• 1:05:13
  guys if we can break 350 likes by the time the shower the.
• 1:05:17
  Shower right now. The show is over.
• 1:05:20
  That would be absolutely phenomenal.
• 1:05:23
  All right, everybody, we're going to hit the culture.
• 1:05:24
  We'll be right back. I want to give a shout out to
• 1:05:28
  our sponsor, Hive Digital Technologies.
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  Hive Digital Tech or check out their website,
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  hivedigitaltech.com. All right, everybody, I do want
• 1:06:18
  to give a shout out to our sponsor, Bit Block Boom.
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  It's going to be one of the best Bitcoin conferences of the year.
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  I mean, it's next year, but it is coming up, coming up very
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  soon, April 3rd through the 6th in Dallas, TX.
• 1:06:30
  Guys, there's a BBQ, there's a day, a day of networking,
• 1:06:35
  dinners, lunches. It's just like, it's a
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  phenomenal celebration. It's actually the first Bitcoin
• 1:06:41
  conference where me and Opti met each other in person.
• 1:06:44
  The Bit Block Boom conference is the event that you don't don't
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  want to miss. It's going to be the Bitcoin
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  celebration. Of course, it's happening on the
• 1:06:53
  year of the the year of the Parabola guys.
• 1:06:55
  You just don't want to miss. But Block Boom.
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• 1:07:17
  All right, everybody, so we have a living legend in the house
• 1:07:20
  today, the creator, the founder of BTC trading cards in the
• 1:07:23
  house. Aladdin in the flesh.
• 1:07:25
  I mean, no digitally in the flesh with us today.
• 1:07:30
  How you doing Aladdin? Good, good.
• 1:07:32
  I'm always happy to be on here with you guys.
• 1:07:36
  Well, dude, like it's big news. It's big news.
• 1:07:39
  I'm gonna I'm gonna make it full screen and you know, you are
• 1:07:43
  dropping a new pack and you guys announced a new pack, the
• 1:07:49
  Warriors, the Warriors versus villains pack.
• 1:07:54
  And you know, you guys were were gracious enough to make a card
• 1:07:58
  for simply Bitcoin and it's absolutely epic.
• 1:08:01
  I mean that picture of Opti like if, yeah.
• 1:08:04
  I really need a mustache. I'm not going to lie, I really
• 1:08:07
  need to grow in a mustache. If Maloney saw that picture, you
• 1:08:11
  know, like damn, damn. Anyways, I I do want to read
• 1:08:15
  from the back of the card that says dubbed dubbed your guide
• 1:08:19
  through the separation of money and state.
• 1:08:20
  This dynamic duo, Niko and Opti are the host of Simply Bitcoin,
• 1:08:24
  a high energy media company covering news, culture, mimatic
• 1:08:26
  warfare. With their engaging chemistry
• 1:08:29
  and deep understanding of Bitcoin, they make these topics
• 1:08:32
  accessible to both newcomers and seasoned bitcoiners.
• 1:08:35
  Embracing the potential of this revolutionary technology, Niko
• 1:08:39
  and Opti are on the mission to get as many people out of the
• 1:08:43
  Fiat matrix onto the Bitcoin lifeboat.
• 1:08:46
  And then on the card itself says 2 Bitcoiners.
• 1:08:49
  Opti carries the gun, Nico is 1/2 men on the mission and it's
• 1:08:54
  simply Bitcoin. Absolutely freaking incredible
• 1:08:57
  beautiful. I'm so honored a lot and thank
• 1:09:00
  you guys so much. You guys are, you know, you guys
• 1:09:04
  are, are absolute legends. You guys are so talented and,
• 1:09:09
  and the art that you put into, you know, these cards.
• 1:09:12
  I believe this one is inspired from the Mel Gibson movie.
• 1:09:16
  Man. What's the name of the movie?
• 1:09:18
  I forget it's slipping my mind at the moment.
• 1:09:21
  Lethal weapon. And there's a there, there were
• 1:09:23
  super famous those movies, they made a bunch of them.
• 1:09:25
  There's like leap of lethal weapon one leap of lethal weapon
• 1:09:28
  2, Lethal Weapon 3 and it's inspired from that and it just
• 1:09:32
  dude, it just looks so good. Could you give us a hint of
• 1:09:36
  other cards, the other kind of cards that that that you guys
• 1:09:40
  are planning to drop, that the community is familiar with?
• 1:09:43
  Yeah, so I'll give you just a little breakdown on this.
• 1:09:47
  This this is like the Chase right here.
• 1:09:49
  This card. Yeah, you got to grow that
• 1:09:53
  mustache, dude. I dude, I'm really like, I just
• 1:09:55
  shaved because I'm back with my mother and, you know, my family.
• 1:09:58
  I wanted to like clean for Christmas, but I, I really need
• 1:10:02
  to grow a mustache. That's a strong picture right
• 1:10:04
  there. You look good with one bro and I
• 1:10:07
  and I think Nico, in order to win the hair battle with Ben
• 1:10:11
  sessions, I think you really need to start pulling that one
• 1:10:14
  off. So buy some Hairspray and and
• 1:10:17
  get into the 80s bro. I I this card was really cool.
• 1:10:22
  I mean, at the end of the day, the pin is mitering the sword.
• 1:10:26
  And with where we're at today, I do believe the meme is mightier
• 1:10:31
  than the pens. We're we're moving on to just a
• 1:10:34
  completely different moment in time.
• 1:10:36
  And the memes are what makes some of the biggest impacts
• 1:10:41
  nowadays. So that's really what these
• 1:10:42
  cards are in a lot of ways. It's a it's a physical meme.
• 1:10:45
  You guys like to call it the physical NFTI think that being
• 1:10:50
  able to capture the art and the fun in these cards is really a
• 1:10:54
  great way to start just waking people up and collect these
• 1:10:57
  moments in history. So warriors versus villains.
• 1:11:02
  I had to be really careful with this one because we were pushing
• 1:11:06
  the envelope pretty far. I think we're still pushing the
• 1:11:10
  envelope pretty hard with a lot of the cards that we have in
• 1:11:12
  this set. We're featuring a a bunch of
• 1:11:15
  just incredible warriors in the Bitcoin space.
• 1:11:19
  We've got some bad ass warriors and general that are just
• 1:11:24
  freedom fighters. I Bob Marley.
• 1:11:26
  I grew up listening to Bob Marly's music, so we've got a
• 1:11:29
  badass Bob Marley card in there as a freedom fighter.
• 1:11:32
  He's obviously passed away long before Bitcoin was created, but
• 1:11:36
  it's highlighting so much that is revolving around freedom.
• 1:11:42
  If you don't support Bitcoin, you don't support freedom and it
• 1:11:45
  and it goes both ways. So when it comes to the villains
• 1:11:48
  in these cards, we're pushing it.
• 1:11:50
  I mean we've got the WEF card, we have the The Who card.
• 1:11:55
  I'll use the acronym so that you guys don't get demonetized on
• 1:11:58
  here, but. Yeah.
• 1:11:59
  Thank you. The, the big pharma, I mean, we
• 1:12:03
  really have went above and beyond on this.
• 1:12:06
  So you have family members. We just went through Christmas.
• 1:12:09
  We tried to have this out for the holidays, but the amount of
• 1:12:12
  work that went into this set was just extreme.
• 1:12:16
  It's been nearly a year that we've been working on this one
• 1:12:19
  set and we still have a small team, but it's really about the
• 1:12:23
  proof of work and everything we do.
• 1:12:25
  In order to be successful in the trading card industry at all,
• 1:12:30
  you've got to go above and beyond.
• 1:12:32
  In Bitcoin we have the Cyber Hornets and in the trading card
• 1:12:35
  industry you have the the Hobby Hornets and we literally have to
• 1:12:40
  please both in order to make this successful.
• 1:12:42
  So for anyone that doesn't know, we are 100% Bitcoin only.
• 1:12:47
  The only thing you will see in here about shit coins is US
• 1:12:51
  explaining how dangerous that really is.
• 1:12:54
  So I think this is something that is massively needed out
• 1:12:58
  there for people to be able to really understand the importance
• 1:13:01
  of Bitcoin and and get it in a different way.
• 1:13:04
  We've got podcasts, we've got books, we've got so many
• 1:13:07
  different amazing ways to learn about Bitcoin ourselves, teach
• 1:13:11
  our friends and family about Bitcoin.
• 1:13:13
  But with time preference, being is broken as it is.
• 1:13:19
  I've got kids of my own, teenagers.
• 1:13:21
  You really have to hit people with a 32nd elevator pitch with
• 1:13:26
  Bitcoin a lot of the time, especially when you're getting
• 1:13:29
  into the villains. Most people don't know much
• 1:13:31
  about the left. They don't know much about big
• 1:13:34
  pharma. There's many reasons why the
• 1:13:37
  cognitive dissonance will stop people from wanting to
• 1:13:39
  understand these topics. But these cards go far beyond
• 1:13:42
  Bitcoin. They really just expose all of
• 1:13:46
  the the good points that people need to understand about freedom
• 1:13:49
  and a lot of things people need to really wake up to and the
• 1:13:53
  reasons why we are so bullish on Bitcoin and why it's so
• 1:13:56
  important for humanity. Absolutely beautifully said.
• 1:14:00
  I love that dude. Yeah.
• 1:14:02
  And here, yeah, Aladdin, actually you you did just glaze
• 1:14:05
  over it, gloss over it rather. And someone in the chat is
• 1:14:09
  saying, hey, man, what's the use case of these cards?
• 1:14:12
  And so I think a good kind of segue into a question is more so
• 1:14:17
  on the lines of how has been the response.
• 1:14:20
  And you talked about this in the past.
• 1:14:21
  And I asked you earlier before we even got on the show, like
• 1:14:23
  what is the response from, you know, normie world?
• 1:14:26
  You you were calling it what? What the non non cyber Hornet
• 1:14:30
  traders out there? The Hobby Hornets.
• 1:14:32
  Yeah, exactly. So what's the response from
• 1:14:34
  people outside of our industry? Because obviously there's a
• 1:14:37
  Bitcoiner where like we know what everything is.
• 1:14:40
  You know, we're hyped, especially Nico and I, like
• 1:14:42
  we're hyped to get on the card. It's kind of like one of those
• 1:14:45
  things where, hey Mama, I made it.
• 1:14:47
  But when you go to these card events because you go to card
• 1:14:50
  conventions that aren't just Bitcoin card conventions.
• 1:14:53
  So what is the response from the outside world looking into our
• 1:14:57
  world? All right, so for people that
• 1:14:59
  don't understand much about trading cards, the similarities,
• 1:15:04
  similarities between trading cards and the Federal Reserve
• 1:15:07
  are incredible. A lot of these things.
• 1:15:09
  I, I worked on this project for four years, three years alone,
• 1:15:13
  and then about a year and a half actually with my, my partner in
• 1:15:17
  this before we even kicked out the first set.
• 1:15:20
  Because there's so much more to this than just like cardboard
• 1:15:25
  with art and some education on it.
• 1:15:27
  The trading card industry is broken like the Federal Reserve.
• 1:15:31
  These different trading card sets out there, Pokémon, sports
• 1:15:35
  cards, anything you've heard of, and trading cards, they're
• 1:15:38
  printed at will no matter what it is.
• 1:15:41
  There's nearly, you can almost call it 0 transparency in the
• 1:15:48
  trading card industry, where they will tell you how many of
• 1:15:50
  anything they print, mainly because you'll see behind me
• 1:15:53
  I've got different sets. Well, the trading card industry,
• 1:15:56
  whatever sector it's from, sports cards, playing cards,
• 1:16:00
  they will come out with a new set.
• 1:16:02
  If it sells really well, then they're going to reprint that
• 1:16:04
  set over and over to make as much profit off of it as they
• 1:16:08
  can until the hype dies down. With what we do, we're like
• 1:16:12
  Bitcoin. We're 100% transparent.
• 1:16:14
  When we come out with a set, it's a finite supplier of that
• 1:16:17
  set and it's incredibly scarce compared to any sets of trading
• 1:16:22
  cards. For example, Pokémon has printed
• 1:16:26
  literally billions, billions with AB packs of trading cards.
• 1:16:30
  There are there are enough packs of trading cards for everyone in
• 1:16:34
  the entire world to own, without exaggerating, at least 1-2,
• 1:16:40
  maybe even 3 packs of trading cards for every single person on
• 1:16:43
  earth. And that's just Pokémon.
• 1:16:45
  So it's really teaching scarcity to the majority of people that
• 1:16:51
  don't understand Bitcoin, don't understand money, and don't
• 1:16:54
  understand how money works. So even if you're not reading
• 1:16:57
  the back of the cards and you're new to Bitcoin, you're new to
• 1:17:01
  understand what money is, you're going to learn about scarcity
• 1:17:05
  before anything else. And that's the number one thing
• 1:17:07
  you need to understand in order to understand why the money in
• 1:17:11
  your pocket either is worth something or it's not.
• 1:17:14
  And that depends on what you spend it on.
• 1:17:16
  So these cards are great in so many different ways for people.
• 1:17:21
  I think as Bitcoiners, there's two main things that make these
• 1:17:25
  cards so special. One is your time stamping, these
• 1:17:29
  moments of history. You were here in the beginning,
• 1:17:31
  simply Bitcoin. We put so many different amazing
• 1:17:35
  bitcoiners in these packs. We've got boomers in Bitcoin.
• 1:17:39
  We put Surfer Jim in there, Bob Burnett, Gary from Created Bit
• 1:17:44
  Block Boom, Gary Leland. These are some really, maybe not
• 1:17:49
  massive people in the world, but to us Bitcoiners right now over
• 1:17:53
  the last few years that they're huge to a lot of us.
• 1:17:56
  We don't put anyone in as heroes because Bitcoin teaches you to
• 1:17:59
  kill your heroes. We put in Bitcoin Warriors.
• 1:18:01
  Metaphorically. Yes, metaphorically, these are
• 1:18:05
  people that have done some amazing work in the Bitcoin
• 1:18:10
  space. And if you were here before
• 1:18:13
  Bitcoin took off and went parabolic, there's something
• 1:18:16
  really special about time stamping those moments.
• 1:18:19
  And if your wife or your partner is anything like mine, this is
• 1:18:23
  my office, so I'm allowed to have this Bitcoin stuff up.
• 1:18:26
  But a lot of us maybe don't have the offices to be able to put
• 1:18:30
  our Bitcoin art up. And those cards are a great way
• 1:18:34
  to have a small little momento of these times in Bitcoin
• 1:18:38
  history to be able to hold onto. And I think the other part is
• 1:18:41
  like, we've got packs as cheap as 2 bucks, a pack called
• 1:18:46
  Genesis packs, Friends, family. I really get pissed off.
• 1:18:50
  Like if I go out to eat somewhere, I'm grabbing
• 1:18:53
  something really quick and they're literally charging me
• 1:18:56
  tax about tax, but we're always charged the tax.
• 1:18:58
  They're wanting to charge me a tip for a cup of coffee.
• 1:19:02
  No way in hell. But there is a test to these
• 1:19:05
  cars. We were talking just a little
• 1:19:07
  bit ago about the tests they're putting on us.
• 1:19:09
  Well, let's put that test back on the people.
• 1:19:11
  Hand them a pack of the Genesis packs that cost you anywhere
• 1:19:15
  from 2 to $3.00 and it's up to them to open that pack.
• 1:19:18
  They're going to learn about freedom, money, Bitcoin.
• 1:19:22
  And that might be their little start off point right there
• 1:19:25
  without having to jump out and go far beyond this quick little
• 1:19:30
  32nd one minute pack. So there's I think a really
• 1:19:35
  simple way to give people a chance to learn about Bitcoin
• 1:19:39
  without having to open up a big conversation.
• 1:19:41
  Bob Burnett has been a big supporter of us from the
• 1:19:44
  beginning. And he said, if you make Bitcoin
• 1:19:46
  fun, if there's a way for you to take these topics that are are
• 1:19:50
  really, really red pilled really hard for most people to
• 1:19:56
  understand. And you can take these topics
• 1:19:58
  and make them simple and fun for any person to be able to just
• 1:20:02
  RIP a pack open. Enjoy that nostalgia of their
• 1:20:06
  childhood and give them a chance to learn about Bitcoin, to learn
• 1:20:11
  about why we are so bullish. It it could be a catalyst unlike
• 1:20:16
  any other. And I mean, we've, we're taking
• 1:20:18
  this project far beyond just Bitcoin events.
• 1:20:22
  We're putting our time, sweat, blood and tears and going out
• 1:20:25
  and hitting literally 10s of thousands of normies at trading
• 1:20:28
  card conferences with a massive booth that says Bitcoin trading
• 1:20:32
  cards. And we, the majority of people
• 1:20:35
  that come up just let you all know how early we are.
• 1:20:39
  They're asking when did Bitcoin start making trading cards?
• 1:20:43
  When did the CEO of Bitcoin get into wanting to create their own
• 1:20:48
  trading cards? So we are incredibly early.
• 1:20:51
  And for me, it's not about getting mass adoption with, with
• 1:20:55
  huge companies, huge capital. We already have so many people
• 1:20:59
  working on that. This is my part to play and
• 1:21:02
  trying to get your everyday person, moms, dads, small
• 1:21:06
  businesses, the people that I really feel we need the most in
• 1:21:10
  this revolution, evolution towards making this world a
• 1:21:14
  better place. That the big companies have
• 1:21:16
  already proved who and what they are.
• 1:21:18
  It is the smaller everyday people that I feel personally.
• 1:21:22
  We need to understand these things and getting the Bitcoin
• 1:21:25
  as soon as possible. Absolutely love it Optia.
• 1:21:29
  I just saw this in the chat. I want to address it real quick.
• 1:21:31
  So for the audio listeners and someone in the chat asked their
• 1:21:35
  website where you can buy the car is btc-tc.com
• 1:21:41
  againbt-tc.com. And of course you could also
• 1:21:46
  follow them on Twitter. I'm going to put it in the
• 1:21:50
  YouTube description. It will go in the subscription
• 1:21:53
  as well. A link to the right and again
• 1:21:55
  the new pack. When does it drop Aladdin?
• 1:21:58
  So we have pre-orders open now and the packs should be here
• 1:22:03
  around mid January. So right now we've got some
• 1:22:06
  really cool things going on with how we do these sets, some
• 1:22:09
  different combos you can buy into.
• 1:22:12
  The cool thing about this compared to NFTS and the rest of
• 1:22:14
  the the crap out there that is literally just scamming people,
• 1:22:19
  we sell the packs. And then beyond there, the
• 1:22:21
  collectability of trading cards. They've been around for 150
• 1:22:24
  years. The market alone for trading
• 1:22:27
  cards is around. I think it's $69 billion today
• 1:22:32
  and over the next few years they projected to be $100 billion
• 1:22:36
  industry. So the the art and collectibles
• 1:22:39
  market is one of the biggest asset markets in the entire
• 1:22:43
  world. And we are literally creating
• 1:22:46
  these cards in a way that hasn't been done before in trading card
• 1:22:50
  history. And the amount of quality proof
• 1:22:53
  of work we put into the artwork we put into the print and
• 1:22:57
  everything we do here, these cards are definitely going to
• 1:23:00
  blow some mind. So I'll give you guys just one
• 1:23:02
  shot of one of these. We go absolutely above and
• 1:23:06
  beyond with everything we do. And because the value of these
• 1:23:10
  cards on the secondary market have taken off the way we they
• 1:23:13
  have, we have figured out a way with the printer to put on a
• 1:23:17
  they call a fingerprint on every one of the chase cards to where
• 1:23:21
  they literally cannot be reproduced unless someone is
• 1:23:24
  able to break into the vault at the the center where these are
• 1:23:27
  printed. And we have the biggest printer
• 1:23:29
  in the world that we're working with.
• 1:23:31
  They, they're the printers for I'm not allowed to exactly say,
• 1:23:35
  but you, you can kind of guess. We'll just say the biggest
• 1:23:38
  trading card projects in the world.
• 1:23:40
  We're working with the same printers, so quality control and
• 1:23:44
  proof of work from our hands into the best printer in the
• 1:23:48
  world. We're going to try to take on
• 1:23:51
  the trading card industry with everything we got the same way
• 1:23:54
  Bitcoin's trying to take on the monetary industry and the
• 1:23:57
  education behind these. It's so much more than a
• 1:23:59
  collectible, so much more than money go up.
• 1:24:02
  Like I said, my biggest love and enjoyment I get from Bitcoin is
• 1:24:07
  not just the fact that we're in this for a number go up.
• 1:24:09
  This is an awakening. It it if it starts to wake
• 1:24:13
  people up to the importance of their own personal health and
• 1:24:16
  how something as simple as the seed oils you're eating are
• 1:24:19
  absolutely disgusting, killing you and your family, your
• 1:24:23
  children. These are the awakenings that
• 1:24:26
  are going to make a bigger impact than number go up any day
• 1:24:29
  and that's these trading cards are teaching along with it.
• 1:24:32
  So if you can make this education fun, I didn't learn
• 1:24:35
  shit in school unless my teacher was fun and entertaining and
• 1:24:40
  engaging. And that's really the education
• 1:24:43
  we're trying to do with these cards is put out a lot of really
• 1:24:46
  based amazing education and make it as fun as possible.
• 1:24:50
  So, people. Hopefully I love that that one
• 1:24:53
  of the things that IA couple things.
• 1:24:55
  So I think it was Andrew Breitbart that was very
• 1:24:58
  influential for me and just content creation.
• 1:25:00
  All that is a very famous quote that I said during the Bitcoin
• 1:25:04
  conference and was hilarious because the the publication, The
• 1:25:06
  Guardian quoted it like as if I was saying it, but it was
• 1:25:12
  something along the lines of like politics is downstream from
• 1:25:15
  culture. So you want to win the political
• 1:25:18
  discussion, which is politics is the definition, is the
• 1:25:21
  organization of power. You have to win over the
• 1:25:24
  culture. That's really how it is.
• 1:25:26
  And the other thing you'll you'll say, I'll say too, is
• 1:25:28
  you're talking about the secondary market.
• 1:25:30
  Dude, I showed my mom when I found a signed Nico on eBay and
• 1:25:35
  it was $450. Like damn, I'm a sign Nico
• 1:25:41
  Unconfiscatable joker Edition $450.
• 1:25:44
  That is surreal. You know so and again, and it's
• 1:25:48
  it's the because they're scarce like you guys for this upcoming
• 1:25:52
  pack, I think I believe there's only 21,000 packs that is ever
• 1:25:55
  going to be printed. How many of the how many cards
• 1:26:00
  are in a pack? And then I forget what we call
• 1:26:03
  it, a chaser. A chaser, The special edition.
• 1:26:06
  What's it called? It's a Chase card or a hit card.
• 1:26:10
  OK, so how many cards are per pack?
• 1:26:12
  And then how many like Chase card?
• 1:26:15
  There's one Chase card per pack. Right, Yeah.
• 1:26:17
  So there's one guaranteed hit in every pack, and that'll be a
• 1:26:21
  serialized card. So it'll be a card with with a
• 1:26:24
  number stamped on the back. But then the way we've done this
• 1:26:27
  is we've thrown a hell of A twist into this set.
• 1:26:31
  So you're going to get 10 cards in a pack.
• 1:26:33
  Three of those cards are going to be your base card, and each
• 1:26:36
  of those base cards is just a non foil standard trading card.
• 1:26:40
  But those are limited out of 1000.
• 1:26:43
  So the worst card you're going to pull is out of 1000.
• 1:26:46
  And in trading card hobby terms, that's completely unheard of,
• 1:26:52
  never been done before where the worst card you pull is out of
• 1:26:56
  1000. Most of the sets that you're
• 1:26:58
  going to see in traditional trading cards is going to be
• 1:27:01
  literally out of shit. 10,000 maybe is your your lower end
• 1:27:07
  100,000 to a million is maybe your kind of standard.
• 1:27:12
  And then of course you're going to get like a serialized card
• 1:27:14
  with a number if you're really lucky.
• 1:27:16
  But you may have to chase hundreds and hundreds of packs
• 1:27:20
  or at least thousands of dollars in packs in order to guarantee
• 1:27:23
  that you're going to pull a card that is like a super limited
• 1:27:26
  edition card with what we're doing every single pack, you're
• 1:27:30
  guaranteed a hit. And if we were to to mass
• 1:27:33
  produce these, then there would be no scarcity in that.
• 1:27:36
  But with 21,000 packs and our competitors printing 21 million
• 1:27:41
  to 210 million packs, yeah, there's, there's no comparison,
• 1:27:47
  there's no competition at all. And I think that's why the value
• 1:27:50
  of these cards have went up on the secondary market still
• 1:27:52
  quickly, eBay, I mean, there's a lot of people that know nothing
• 1:27:57
  about Bitcoin. They're really jumping into
• 1:27:59
  these cards and getting into it massively because they're in
• 1:28:03
  trading cards and they understand at least the basis of
• 1:28:06
  scarcity and how broken the trading card industry is.
• 1:28:10
  So they're all over this. And yeah, some of these card, it
• 1:28:13
  blows my mind because when I first created this project, I
• 1:28:16
  never imagined these cards would really have some crazy value to
• 1:28:21
  them beyond being a great orange pill tool.
• 1:28:24
  But what they have done is just insane on the secondary market.
• 1:28:29
  But hey, scarcity is everything and the trading card industry is
• 1:28:33
  broken and we're bringing something to it that is very,
• 1:28:37
  very similar to Bitcoin on the way of the proof of work and the
• 1:28:40
  scarcity. But we've tried to put every
• 1:28:42
  element we can that we love about Bitcoin that makes Bitcoin
• 1:28:45
  so special into these cards. So again, that that correlation
• 1:28:49
  between the hobby and the Federal Reserve and Bitcoin,
• 1:28:53
  trading cards of Bitcoin, there's so many of them.
• 1:28:58
  Like you said, it's all about capturing culture.
• 1:29:00
  And the trading card industry is one of the biggest pop culture
• 1:29:04
  captures in the world. That's why from video games to
• 1:29:07
  sports to Donald Trump, I mean, you name it, it's all in trading
• 1:29:12
  cards for a specific reason. So bringing Bitcoin to trading
• 1:29:16
  cards, it's kind of a no brainer to me and the way of being able
• 1:29:19
  to really capture the pop culture through it.
• 1:29:22
  Absolutely, it's spot on, man. And and I agree like this isn't
• 1:29:26
  this is a cultural and political movement like you guys have to
• 1:29:30
  understand about Bitcoin. Is it like, yes, it's money,
• 1:29:33
  yes, it's a technology. But once you adopt Bitcoin and
• 1:29:38
  you hold it in cold storage and you hold it for, you know, a
• 1:29:42
  significant portion of time, and let's say you have a, a big
• 1:29:45
  portion of your net worth in there, it changes you are as it
• 1:29:49
  changes who you are as a person, right?
• 1:29:51
  So there's something deeper at play here.
• 1:29:54
  And that's why I believe that, you know, like I, I, I, you
• 1:29:59
  know, they always call us a cult.
• 1:30:01
  Like I, I, I always put like a picture of the daughter with the
• 1:30:04
  pyramid in the eye in the back. And like, bro, if that's not a
• 1:30:08
  cult, I don't know what is. At least our cult, we get
• 1:30:11
  richer, your cult, you get poorer.
• 1:30:14
  I think we have a better cult if you are to call it a cult.
• 1:30:17
  So yeah, I think, you know, there's so many different
• 1:30:19
  components of, of Bitcoin and so many things are important.
• 1:30:23
  It's like media, the entourage building the services, but it's,
• 1:30:27
  you know, trading cards like yourself, man.
• 1:30:29
  It's, it's a bit of art, you know, and, and it's scarce,
• 1:30:32
  right? It's like Bitcoin is very
• 1:30:34
  similar in that sense and it's super, super cool.
• 1:30:36
  So guys stay tuned for the BTC trading card new pack Warrior
• 1:30:44
  versus Villain be dropping in Q1 of 2025.
• 1:30:48
  You can pre-order packs right now get do that quick while
• 1:30:54
  supplies last. Again, go to btc-tc.com to visit
• 1:31:00
  their website. Anyways, guys, today was Simply
• 1:31:02
  Bitcoin Live for December 26, 2024.
• 1:31:06
  I'm soon going to be saying 2025, which is interesting.
• 1:31:08
  I'm Nico, your host is my legendary Co host Optimus Fields
• 1:31:12
  and our special guest for today, Aden, founder and CEO of
• 1:31:17
  Bitcoin. Love you all.
• 1:31:18
  We'll see you tomorrow for the last episode of simply Bitcoin
• 1:31:22
  Live for the week. Let's check it out.
• 1:31:25
  Today's episode was brought to you by bitcoinwell.com, a
• 1:31:28
  Bitcoin only platform on a mission to enable financial
• 1:31:31
  independence.