Latest / Simply Bitcoin / UK Government to Require Exams to Buy Bitcoin | EP 849

Transcript

UK Government to Require Exams to Buy Bitcoin | EP 849 · Simply Bitcoin

• 0:06
  It's all. Going to zero against Bitcoin.
• 0:10
  It's going up forever. You're against Bitcoin.
• 0:20
  You're against freedom, yo. Welcome to another episode of
• 0:25
  Simply Bitcoin Live. We are your number one source
• 0:27
  for the peaceful Bitcoin revolution.
• 0:29
  Because breaking news culture O matic Warfare, we will be your
• 0:31
  guide through the separation of money in state.
• 0:33
  Speaking of the separation of money in state.
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  Crazy news coming out of the United Kingdom.
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  I I kid you not. I I like you.
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  You literally cannot make this up.
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  If you tried by January 6th, every UK citizen will have to
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  take a test to buy Bitcoin. It is a six page quiz that will
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  not be easy and is designed to give you to give up.
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  If you pass, there will be a 48 hour cooling period before you
• 1:04
  can actually buy. And that was a tweet from Ray
• 1:08
  Youssef and he was the he was the the original founder of
• 1:12
  Paxful, which I think he he stepped away from.
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  But that is absolutely crazy. And again, it really, really
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  reminds me of the book The Sovereign Individual where they
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  were making the case that governments would try to do
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  everything in their power to basically stop people from
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  opting out of of of their money. And then this is also something
• 1:37
  happening in the United States. We have an update for you guys
• 1:39
  as well. Elizabeth Warren is using the
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  how do I say this in a politically correct way?
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  Elizabeth Warren is using the conflict in the Middle East in
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  order to gather support for her bill, her bipartisan bill with
• 2:00
  Senator Marshall, which would be, according to Pierre Richard,
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  a de facto ban on Bitcoin mining within the United States.
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  And also it would essentially force wallet providers, software
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  wallet providers, hard hardware wallet manufacturers, basically
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  they would have to KYC, right, because they don't want people
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  to, you know, use quote UN quote, use their words unhosted
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  wallets, meaning wallets that are outside of their control.
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  So you know, we say it in the beginning of the show.
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  This is the separation of money and state after all.
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  And you know, those, those governments are just not gonna
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  go gently into that good night. And again, when I say
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  governments, it's it's not that it's going to make the
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  government go away, you know, because I think that's a lot of
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  the, you know, a lot of the narrative, a lot of the rhetoric
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  that they used. It's just that governments, the,
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  the relationship between the citizen, the individual and the
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  state is going to change once you separate money from state,
• 3:02
  right. Right now the way that it's
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  structured is we live in a in a misaligned incentive political
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  structure. Why?
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  Because politicians, when they get elected, they're really
• 3:14
  incentivize to hold on to that money printer.
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  They they're really incentivize to get as close as humanly
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  possible to that money printer. That's the money spigot right.
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  But you have to understand something about government,
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  right? Government is supposed to be by
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  the people, for the people. And I think the ability, what
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  Fiat, the the ability that Fiat has given governments is that
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  they no longer have to do good by their constituents in order
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  to get funding. What they really have to do is
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  just protect that Moat, right. So it's really become a
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  government by the government for the government.
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  If and when we separate money from state, I truly believe as a
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  bitcoiner that we will be successful in doing so because I
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  think bitcoins incentives are stronger than any coercion they
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  might throw at us. I think that the the whole
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  dynamic changes and I think El Salvador is a great example of
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  that. I don't think it's a coincidence
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  that in the society where they fix the base layer, they made
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  Bitcoin legal tender for some reason.
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  That politician who's in office is actually doing the things
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  that he said he was going to do if he were elected.
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  And why is that? Because without their ability to
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  print money, the only way for governments to raise money is
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  through direct taxation. And if you want to tax your
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  populace more money, right, You have to actually do good by your
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  constituents, right? So it's just interesting, this
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  phenomenon, and I don't think we've ever lived in a world in
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  human history where the money was separated from the state,
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  from the sovereign, right. This is a, you know, the, the
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  debasement of currency is something that has literally it.
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  It it's been around since the Roman times.
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  The Romans did the same exact thing, like over the decades
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  over, you know, hundreds of years of of Roman history when
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  it became from a Roman Republic to the Roman Empire to the
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  division of the Roman Empire to the Western Roman Empire to
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  Eastern Roman Empire, you know what they did?
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  They debased the currency. Now, it's not like printing
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  money like it is today, but they had a currency called the the
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  Donares, and you could literally see over time that the
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  percentage of silver in the Donares declined over time.
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  And with that declined, you had the moral decay and the eventual
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  collapse of the Roman Empire, right.
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  So are we living through those times?
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  I mean, you you start to see the moral decay in society.
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  You start to see the corruption right up in your grill, in your
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  face. So I I truly believe we're
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  living through this pivotal moment in history.
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  Now what is different than every other moment in history is that
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  this time we have a non state currency and because of
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  bitcoin's true decentralization only Bitcoin has that
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  governments are gonna are, are, are essentially it's a forcing
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  function. They're forced to compete with
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  Bitcoin. They're forced to say, OK, This
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  is why you should use our currency.
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  And here's the thing, I don't think they'll be able to win
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  that because governments are always going to want to do 2
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  things. They're always going to want to
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  debase their currencies because that's how they pay for the
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  deficit spending, that's how they pay for things they can't
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  afford and they're always going to want to control and censor
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  the money flows. And those are two things that
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  Bitcoin does not, right? There's 21 million, there will
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  only ever be 21 million. And Bitcoin is censorship
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  resistant, so I think Bitcoin's incentives are superior to state
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  money. And again, once again I'm gonna
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  mention this book because every bitcoiner should read this book.
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  This is a theory that was predicted back in the 90s.
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  In the book, the sovereign individual, right?
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  Crazy, crazy times. Buckle in, Take your Bitcoin
• 7:06
  into self custody. No more delay.
• 7:08
  Let's bring up. My legendary Co host has a smile
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  on his face once again. My brother, my Co host the one,
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  the only. He has dated 3 central bankers,
• 7:20
  Augustine Carson, Christine Lagarde and Janet Yellen, the
• 7:23
  legendary optimist. Wait, did we drop that meme
• 7:25
  yesterday? I don't think we dropped.
• 7:26
  We haven't dropped that meme. But I don't know.
• 7:28
  I don't know if we should. Maybe we should just show it on
• 7:31
  the show? OK, I'll download it.
• 7:34
  I'll put it in the meme review anyways.
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  Anyways, I I just wanted to mention.
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  What? 3 minutes in and we're already
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  talking about the Roman Empire, Men talking about the Roman
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  Empire again. Couldn't make up.
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  I didn't even realize like I did that.
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  But hey, you know what? We'll get into the news portion
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  of the UK. But you know just the troll
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  troll Start of the show. UK just wanted citizens to have
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  fun staying poor. Couldn't make up.
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  But yeah man, crazy crazy stuff. Anyways, let's bring in our
• 8:02
  guests. Let's start the show.
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  What's up, Bill? Great.
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  Great to have you. Actually, could you tell
• 8:07
  everyone what you told us before the show?
• 8:09
  That that we helped Orange Peel? You what?
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  Just absolutely honored, bro. First of all, Bill, who are you,
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  bro? What's up?
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  Hey, so I'm Bill Stebbins. I'm a retired Lieutenant
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  Colonel. I was in the Army 23 years.
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  And So what we're we're talking about before the show started,
• 8:27
  was that this show, simply Bitcoin.
• 8:29
  You guys were instrumental in orange peeling me.
• 8:33
  You were and and you don't realize probably the impact that
• 8:36
  you have on so many folks that you just don't even know about.
• 8:39
  But I'm one of those folks. I started hearing about Bitcoin,
• 8:43
  and I I I found your show, kept listening to it.
• 8:46
  Your orange pilled me. Love to hear it.
• 8:48
  First of all, like I just got to say bro, like that.
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  That's an absolute honor, really.
• 8:55
  It is so amazing to hear that Opti and I talk about this all
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  the time, what we see. So you see numbers on the
• 9:01
  screen, right? So we see, oh, you know, there's
• 9:04
  300 people watching live, 200 people watching live, you know,
• 9:06
  67000 plays and listens per episode, sometimes even 15.
• 9:12
  But we don't actually see the faces.
• 9:15
  Like who are those 15,000 people?
• 9:17
  Who are those 7000 people that are watching our show?
• 9:19
  Right. We don't know, right.
• 9:21
  So, you know, for you to to to tell that to us is extremely
• 9:26
  inspiring and extremely humbling.
• 9:30
  And Bill, like I I'm honestly speechless and thank you so, so
• 9:34
  much for your kind words. Well, they're not kind.
• 9:37
  I'm just saying it is. They are no platitudes there.
• 9:40
  You absolutely. You're fulfilling the role,
• 9:43
  providing that information, that orange signal that people need
• 9:47
  because you don't, you don't understand it.
• 9:49
  The first three hours you hear about Bitcoin, you don't
• 9:52
  understand it. The first week you hear about
• 9:54
  it, it takes time and you guys keep coming.
• 9:57
  Again and again, kind of like a spider monkey on a mango.
• 10:00
  You just keep bringing the signal and and it gets people to
• 10:04
  understand. Yeah, man, we we are, we are.
• 10:07
  You know, we take the ethos of Bitcoin, we we embody it.
• 10:11
  We are the Honey Badger media. We don't stop.
• 10:14
  And guys, if you're enjoying the show right now, make sure to hit
• 10:17
  that subscribe button and hit that like button really helps
• 10:20
  with the YouTube algorithms. And also you can find us an
• 10:23
  alternative video platforms like Rumble.
• 10:25
  Our Rumble audience is growing like crazy.
• 10:27
  We appreciate all you watching us on Rumble.
• 10:30
  If you can't find us on YouTube for whatever reason, God forbid
• 10:33
  you could find us on Rumble. And you can find us on Twitter
• 10:37
  as well. We we we're always live
• 10:38
  streaming the shows there. So yeah, it's going to be a
• 10:41
  great show. We have a ton to talk about
• 10:43
  today ladies and gentlemen, let's jump straight into it.
• 10:45
  Let's do this the Bitcoin numbers.
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  You want to keep. You want to pass that on to the
• 12:00
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• 12:24
  All right, ladies and gentlemen, let's jump straight into today's
• 12:26
  numbers. Gemini gets sued and Bitcoin
• 12:29
  pumps, but Opti's like that's not a pump.
• 12:32
  Anyway, what is this? A pump for ants?
• 12:34
  Pump for ants Bitcoin price at the time of recording 28,760
• 12:38
  SATS per dollar 3477 block height 812,938 blocks to having
• 12:46
  27,062 having estimate April 21st 2024 Total lightning
• 12:51
  network capacity 5370 Bitcoin capacity value 154,000,000 U.S.
• 12:57
  dollars. Realize monetary inflation rate
• 12:59
  1.74% The market capitalization of Bitcoin $561 billion with the
• 13:08
  B Bitcoin verse gold market cap 4.3%.
• 13:13
  In the grand scheme of things Bitcoin is still in the first
• 13:16
  innings in my opinion. And remember, guys, when and if
• 13:20
  I, I would say just when Bitcoin reaches the market cap of gold,
• 13:23
  that that leaves the price of Bitcoin at half a million per
• 13:28
  coin. That's that's a lot.
• 13:29
  So just try to get to just one, ladies and gentlemen.
• 13:33
  All right, Moving on to a topic that is very, very unpopular
• 13:37
  with Bitcoiners. And I'll say it here on the
• 13:41
  show, guys, I like Peter's podcast and I know that a lot of
• 13:45
  people don't agree with his business decisions and and
• 13:47
  whatnot, but I'm a fan of Peter's podcast.
• 13:49
  And there's a thing that Peter said the other day on Twitter.
• 13:54
  This isn't the the the tweet itself, but he said that in
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  developing countries, really what people are opting into is
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  stable coins, specifically dollar tethers or tethered
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  dollars. There's a small percentage of
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  people, particularly the wealthy people in those countries that
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  are opting into Bitcoin now. Why is this happening?
• 14:20
  Well, it's obviously because of Bitcoin's volatility.
• 14:23
  But I believe over time, stable coins provide a it's it's really
• 14:29
  a stepping stone into the inevitable conclusion of it's
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  really Bitcoin. It's it's really Bitcoin, the
• 14:39
  currency that I want to use. So it's a step in the right
• 14:42
  direction in that sense because people are choosing to opt out
• 14:46
  of their local Fiat currencies and it's they're really not
• 14:51
  opting into dollars per SE. They're opting into a crypto
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  version of dollar that is really managed by Bit Fenix and you
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  know the Tether company. So you know it is, it is, it is,
• 15:04
  it is the dollar, right, but it's not really the dollar
• 15:07
  right. And I think this is something
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  that government specifically the US government is totally aware
• 15:12
  of and they would obviously want control of people using dollars.
• 15:17
  So I think that their next target is going to be
• 15:19
  stablecoins. This is something that they've
• 15:20
  mentioned in a report called the Future of Money and Payments
• 15:25
  that was released by the US Treasury.
• 15:27
  They said the future of money and payments is stablecoins,
• 15:31
  payment platforms like PayPal and and and cash app and all
• 15:36
  that stuff and central bank digital currencies, right.
• 15:40
  So I think that they inevitably will go after stablecoins.
• 15:44
  I think that they'll be successful in the sense because
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  stablecoins are inherently centralized, there is a
• 15:48
  metaphorical head to chop off, right.
• 15:51
  So I think Peter really hit the nail on the head here when he
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  said for most people in developing countries,
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  particularly high inflation countries, buying Bitcoin is a
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  privilege, accessing dollars is a necessity.
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  And I can attest to that as someone who has whose heritage
• 16:08
  is from Venezuela right People like dollars.
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  What happens when a country endures hyperinflation, They
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  dollarize. Some countries have skipped this
• 16:17
  all together, like Ecuador and El Salvador where they just said
• 16:21
  let's just get rid of our local currencies and let's outsource
• 16:24
  our monetary policy and let's adopt the dollar.
• 16:27
  But El Salvador is very interesting because they put
• 16:31
  Bitcoin as legal tender next to the dollar.
• 16:34
  And I think over time it's going to show that Bitcoin is a
• 16:39
  superior money. I also have a clip for you guys
• 16:42
  of a little bit of an update. Kathy Wood has been making the
• 16:46
  rounds. We made a we played a video, a
• 16:47
  clip from you guys from the Coin Stories podcast, Natalie's
• 16:50
  podcast highly recommended. It's great.
• 16:53
  And here she is on legacy corporate media and they're
• 16:56
  asking her about the spot Bitcoin ETF.
• 16:59
  What's going on with the SEC? Why are they, you know, why are
• 17:03
  they delaying it? And let's see what Kathy Wood
• 17:06
  has to say, because apparently there's been a change in tune.
• 17:08
  Let's check it out. Looks like the SEC is going to
• 17:10
  be forced to approve a spot Bitcoin ETF.
• 17:12
  What, if any, communications have you had with the SEC about
• 17:14
  your application? Where are we in this whole
• 17:16
  thing? Well, it was publicized and
• 17:19
  disclosed. I think it was last week that.
• 17:22
  We had responded to the SE CS request for information around
• 17:27
  our our Bitcoin filing and we responded and that's basically
• 17:31
  all we can say. I think many people think the
• 17:34
  fact that the Fed, I mean the Fed, the SEC, chose to ask
• 17:39
  questions is a change in behavior and therefore I do
• 17:43
  think hopes are rising. That a or a number of Bitcoin
• 17:48
  ETFs will be approved. Yeah, the the my understanding
• 17:50
  is the court now is going to issue a mandate about how to
• 17:53
  enforce their decision here to the SEC and their SEC is going
• 17:56
  to basically follow that mandate.
• 17:57
  Everybody is assuming at this point that they'll probably
• 18:00
  approve most of the Bitcoin ETFs by the end of the year.
• 18:02
  Is that that's a reasonable assumption at this point.
• 18:04
  They lost the court case. They chose not to appeal it at
• 18:06
  this point. Right.
• 18:08
  And I do believe maybe the reason they're saying by the end
• 18:11
  of the year, early next year, I know our final deadline.
• 18:14
  On this filing is January 10th and so and I think we're first
• 18:18
  in line but as you say a number of a number of ETF Bitcoin ETFs
• 18:24
  could be approved at the same time now you So I actually
• 18:27
  released a poll on my Twitter. I asked everybody and I got it
• 18:31
  was like I think almost 1000 people replied and I said when
• 18:34
  do you think the spot Bitcoin ETF is is going to be approved?
• 18:38
  And the general consensus was I said 2023-2024 2025 and don't
• 18:44
  give a fuck. To give all the bitcoiners
• 18:47
  credit on Bitcoin Twitter the second most popular option was
• 18:51
  don't give a fuck which is awesome because you should
• 18:55
  really true truly be buying real Bitcoin.
• 18:58
  Taking Bitcoin to self custody and ETF is not your keys, not
• 19:01
  your Bitcoin. But the general consensus
• 19:04
  according to twitterorx.com, what sends the rebrand is that a
• 19:10
  spot Bitcoin ETF would be approved in 2024.
• 19:15
  That's what most people believed.
• 19:17
  I think that there's such mounting pressure on, you know,
• 19:21
  on Gary Gensler that you know that.
• 19:25
  I think that it's just they're delaying the inevitable and it's
• 19:30
  so clear at this point that is politically motivated that
• 19:33
  they're delaying it that it's like I don't think that they
• 19:36
  could hold that door for significant amount of time.
• 19:40
  Specifically if you know, if there's an election coming up
• 19:44
  next year as well if the Republicans win the presidential
• 19:50
  election, there's a lot more pro.
• 19:52
  And again, we're bipartisan guys.
• 19:54
  It's not, it's not red versus blue.
• 19:56
  It's green versus orange, Party of freedom, Bitcoin, prosperity,
• 20:00
  opportunity, optimism versus party of green, central bank,
• 20:03
  digital currencies, nihilism, slavery, poverty, all that
• 20:06
  stuff. That being said, if the
• 20:08
  Republicans do get back in power in terms of the presidency, I
• 20:12
  think that there's a much higher probability of the ETF getting
• 20:16
  approved a lot quicker. Anyways, that being said, I want
• 20:20
  to get your guys takes on both things because we did cover two
• 20:23
  things. So first of all the the adoption
• 20:26
  of dollars in developing countries versus the the
• 20:30
  adoption of of of Bitcoin specifically the adoption of
• 20:35
  stable coin. So, Opti, what's your take on
• 20:37
  that? And then we'll move on to Bill.
• 20:39
  Yeah. First, that documentary by Peter
• 20:41
  was actually very good. I watched it yesterday,
• 20:44
  actually. Truly enjoyed it.
• 20:45
  I think he's doing a great job. It was great production second.
• 20:49
  I am not a fan of stable coins personally, first and foremost.
• 20:53
  You know, I I say it all the time.
• 20:54
  I did not come to Bitcoin. I did not become a bitcoiner to
• 20:57
  put Petro dollars on the blockchains.
• 21:00
  But I see why people are drawn to them as we kind of touched on
• 21:03
  it already. You know, stable coins seem
• 21:05
  stable until they aren't. And of course, I just look at it
• 21:09
  as the inevitable progression from bad currencies into
• 21:15
  Bitcoin, because we all know all roads lead to Bitcoin.
• 21:18
  And hey, for better or worse, we're dealing with human
• 21:20
  psychology here and the dollar seems stable.
• 21:23
  The dollar is the best shit coin in regards to traditional shit
• 21:27
  coins. And if you're in a bad currency
• 21:29
  like the Argentine peso, then of course you're going to go to a
• 21:33
  harder currency first, which is obviously the dollar.
• 21:36
  And then as of as we know, you know the dollar system in
• 21:40
  countries outside of the US. It's incredibly hard to get
• 21:43
  dollars in in your native currencies.
• 21:46
  So of course. For better or worse, you know,
• 21:48
  stablecoins have offered an improvement on the US dollar
• 21:52
  system, the payment system that is the US dollar, and it is
• 21:56
  tether. And so as much as us bitcoiners
• 21:58
  like lose our mind and pull our hairs out and we and we're
• 22:02
  wondering why people don't become bitcoiners right away
• 22:05
  because it's obviously the best alternative.
• 22:07
  We know that stablecoins just they seem.
• 22:12
  Very familiar to the average person.
• 22:14
  It's like, yeah, OK, our money's already digital.
• 22:16
  Of course I'm going to go to the dollar.
• 22:18
  The Bitcoin standard seems very risky at this point.
• 22:22
  But moving forward, I believe that that will obviously lessen
• 22:25
  and more and more people will wake up to Bitcoin, especially
• 22:28
  when you consider the inflation rates of the dollar.
• 22:30
  So I think the point here is it's more of a psychological
• 22:34
  point because I hit this wall all the time when I talk to talk
• 22:38
  about Bitcoin to friends and strangers.
• 22:40
  And they always say the same thing.
• 22:41
  They they say, like, you know, I don't have, I don't have any
• 22:44
  savings. Like I I don't have any money to
• 22:47
  speculate. Whether they believe Bitcoin is
• 22:49
  a speculation in investment or as we like to look at it as
• 22:52
  savings, the point still remains that most people are struggling
• 22:56
  right now to survive. They're living paycheck to
• 22:58
  paycheck. And it does seem like a mental
• 23:01
  hurdle to be like, oh, now I have to put some money that I
• 23:05
  don't have into something that may or may not go up and down,
• 23:09
  like what is going on? And and of course we say the
• 23:11
  party line of, like, you can buy literally a penny or a dollar,
• 23:14
  you know, But it just goes to show that the revolution is
• 23:17
  savings. And whether that's saving in
• 23:20
  dollars or saving in Bitcoin, like, people just don't save at
• 23:22
  all. We have been.
• 23:24
  Inundated with the Keynesian ideology that you need to spend,
• 23:27
  spend, spend and make the money, make your currency, you know,
• 23:30
  revolve through the economy, the velocity of money, etcetera,
• 23:33
  etcetera. And all of us bitcoiners that
• 23:36
  are hodling, it's like guys. It's really as easy as saving
• 23:39
  like Bitcoin is so easy. It's so easy to be a bitcoiner.
• 23:42
  All you have to do is save in Bitcoin.
• 23:44
  The hard part is the emotional, behavioral, mental change that
• 23:48
  you will have to go through to know why you are hodling to to
• 23:53
  you know, put some aside for your future self, pay your
• 23:55
  future self as a lot of us bitcoiners like to talk about.
• 23:58
  But again, people are struggling and the more that governments
• 24:02
  print money, the more people will struggle, the higher
• 24:04
  inflation will become. And it really just goes to show.
• 24:08
  That what we're doing here is really an education revolution.
• 24:13
  Like people need to understand about money, about good money,
• 24:17
  about bad money, about savings or spending.
• 24:20
  And it really starts with saving.
• 24:21
  And so, you know, I don't fault people in like Argentina or the
• 24:25
  digital S that have or even. Even in the first world that are
• 24:30
  that are wondering like yeah, I don't have any money right now
• 24:33
  like you what do you want? Like I'm trying to buy groceries
• 24:36
  and you want me to put money into it.
• 24:38
  You know, a speculative asset like Bitcoin still seems risky
• 24:40
  to most people. So I don't really fault them.
• 24:43
  Most people haven't put in the time that we have to understand
• 24:46
  Bitcoin. And so this is just the slow
• 24:49
  natural progression of people going from bad currencies to
• 24:52
  good currencies. And of course we believe Bitcoin
• 24:55
  is the best currency. We believe everyone should have
• 24:57
  a savings in Bitcoin. And this is just a matter of
• 25:01
  time. This is just a matter of
• 25:02
  exposure to Bitcoin, having multiple touch points to
• 25:05
  Bitcoin. And as we move forward and
• 25:08
  people realize the harsh lessons that stable coins aren't stable,
• 25:13
  they will start to figure out how to get some Bitcoin.
• 25:15
  It's almost like the idea of safety, no, he says.
• 25:19
  You know, Bitcoin will be adopted like gunpowder, it'll be
• 25:22
  a necessity. And so people are learning that
• 25:25
  they need to find alternatives, and in time they will all.
• 25:28
  Inevitably end up on Bitcoin. So you know it is what it is.
• 25:31
  We have wine, one of our one of our friends and and he helps us
• 25:34
  do stuff on the back end he was in Argentina and he's like yeah
• 25:37
  man, there's a huge stable coin market out here and I try to
• 25:40
  talk to them about Bitcoin and they're like, yeah, I I know
• 25:42
  about Bitcoin but it just seems so difficult to get on Bitcoin
• 25:45
  and so I think it's just a process of.
• 25:48
  People learning about Bitcoin, about good money and then of
• 25:52
  course finding easier and better ways for to onboard people and
• 25:56
  for people to get Bitcoin. Because I mean, if you guys
• 25:59
  watch that documentary, like there's a there's a a a black
• 26:03
  market for dollars. Like it's not easy for them to
• 26:06
  get dollars. And this is basically the status
• 26:09
  quo around the world for us. It's very easy to get dollars
• 26:11
  for us. It's very easy for us to get
• 26:13
  Bitcoin, but it's not that simple for people and of course.
• 26:18
  We got to remember people are just trying to survive.
• 26:20
  They're trying to make ends meet.
• 26:22
  And right now, for better or worse, we're still in a bear
• 26:25
  market. So it's incredibly difficult to
• 26:27
  get people on boarded to Bitcoin because we all have that PTSD of
• 26:32
  like, man, I I don't, I can't put my rent money, my grocery
• 26:35
  money, the the money I need for my children to survive in a,
• 26:39
  quote UN quote, extremely volatile currency like Bitcoin.
• 26:42
  So I don't fault them it, it just I think this is the natural
• 26:45
  progression from bad money to good money.
• 26:48
  And it goes in steps. You know, like people are used
• 26:50
  to dollars. They're used to their dollars
• 26:52
  being digital. Most people are familiar with
• 26:55
  gold. And it's only a matter of time
• 26:56
  until everyone figures out that all roads lead to Bitcoin and
• 27:00
  they will be on the Bitcoin standard in in due time.
• 27:03
  So, you know, I I don't think this should be such a
• 27:06
  contentious hot topic. It's just like we're dealing
• 27:10
  with human psychology guys and we're not going to reinvent the
• 27:13
  wheel here. People need to move slowly.
• 27:15
  I've been using the. Frogs and boiling water meme a
• 27:19
  lot recently, but in reverse. Like this is how we orange fill
• 27:22
  people guys is slowly but surely inching them towards the Bitcoin
• 27:27
  standard 100%. That's a really good take.
• 27:30
  Bill, what's your take on what's your take on everything?
• 27:34
  Yeah, I love what Acti said. I think that we live in a very
• 27:40
  untrusting environment. Now what?
• 27:43
  Where is the truth? Where do we find the truth?
• 27:46
  And when you're in a bear market and when Bitcoin has a degree of
• 27:49
  volatility that it does, folks look at the volatility and and
• 27:54
  when they're confronted with an enormous universe of scams and
• 27:59
  things that they've seen 2008, they see SBF that they see the
• 28:03
  war in Iraq, weapons of mass destruction where there any, no
• 28:07
  there weren't. And so many things that you take
• 28:10
  for granted or or that maybe the authorities want you to take for
• 28:13
  granted, and then you find their complete lies.
• 28:17
  Then you have folks trying to make ends meet and they're
• 28:20
  confronted with something called Bitcoin that they cannot
• 28:22
  conceptualize or understand. It takes them a while to figure
• 28:27
  out and work through that and regrettably, early on in the
• 28:31
  tsunami of Bitcoin. Early on, the information is
• 28:34
  just not there, and so you're going to have slow, slow
• 28:38
  progression until people start catching on.
• 28:41
  So it's going to take a while, 100 percent, 100%.
• 28:45
  I think it's it's a it's a generational thing and it's an
• 28:49
  educational thing and it really falls down to us, the individual
• 28:53
  to really educate people. You know, Bill said that he, you
• 28:56
  know that he was orange peeled by this podcast, right?
• 28:59
  Take agency, you know, share Bitcoin content, be that Bitcoin
• 29:04
  evangelist in your family and your community and really get
• 29:07
  that message out there. It's not left versus right, it's
• 29:10
  really, you know, green versus orange, right.
• 29:12
  So really, really get that message out there.
• 29:14
  Anyways guys, I saw someone mention that Start 9 kicks ass.
• 29:19
  Start nine does kick ass. That if you don't run your own
• 29:24
  personal Bitcoin node, you're trusting someone else's Bitcoin
• 29:27
  node. So it's important to run your
• 29:30
  own node. I personally recommend the Start
• 29:32
  9. That's what I use myself.
• 29:34
  They have a sweet, sweet deal by the way, on the Start 9 Pier,
• 29:37
  which is their flagship product, the Server pier.
• 29:41
  There's a promo code down below 18% off the server pier and they
• 29:46
  already discounted it. So you can get yourself one if
• 29:49
  you guys if you guys want. If you're not running your own
• 29:52
  node, you're trusting someone else's.
• 29:54
  I recommend START 9. That's what I use.
• 29:57
  That's what Opti uses. That's what simply Bitcoin uses.
• 29:59
  All right everybody, let's get to the news.
• 30:01
  Let's check it out. The Daily News.
• 30:10
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• 31:34
  All right, everybody, no more delay.
• 31:37
  So this is Ray Youssef. He is, like I said, the founder
• 31:41
  of Paxful. I don't know if they're still
• 31:43
  around, but I know that he stepped away.
• 31:45
  Yeah, they're still around. But he's not.
• 31:47
  He's not a part of it. He's not a part of it anymore.
• 31:49
  So this is something that he tweeted out not too long ago
• 31:54
  where he said KYC at a whole new level.
• 31:57
  I read you guys this in the beginning of the show.
• 31:58
  I'm gonna read it to you guys again By January 6th, every UK
• 32:02
  citizen will have to take a test to buy Bitcoin.
• 32:06
  I'm gonna read that again because it's like I'm I'm like,
• 32:09
  this is real. By January 6th, every UK citizen
• 32:13
  will have to take a test to buy Bitcoin.
• 32:14
  What if like what if, like bitcoiners, the Bitcoin
• 32:20
  exchanges started like actually making their users take a test
• 32:25
  on Fiat? It is a it is a six page quiz
• 32:30
  that will not be easy and is designed to get you to give up.
• 32:34
  If you pass, there will be a 48 hour cooling period before you
• 32:38
  could actually buy. I'm very curious about what
• 32:40
  those questions are and here are some of the rules.
• 32:44
  By the way, the new rules also require exchanges to limit
• 32:50
  offerings to only high net worth.
• 32:52
  Investors, quote UN quote, sophisticated investors have
• 32:56
  some type some some kind of certification, right?
• 33:01
  It goes on to say when determining whether a retail
• 33:04
  client has a necessary knowledge to understand the risks involved
• 33:09
  in relation to a qualifying crypto asset, a firm should
• 33:13
  consider asking the asking the client questions that cover at
• 33:18
  least the matters in one to 12 firms may need to ask additional
• 33:22
  or alternative questions to ensure that the retail client
• 33:26
  has the necessary knowledge to understand the risks involved in
• 33:30
  relation to the specific type of qualifying crypto asset.
• 33:35
  What about the risks of Fiat? Doesn't the UK has like 8 to 10%
• 33:39
  inflation? I mean I've shown you this
• 33:44
  website many times guys, because it is like it.
• 33:47
  It like it, like I think it speaks for itself, like like
• 33:52
  it's so insane. If you've been, let's go to the
• 33:57
  grid, the British pound, right? If you've been saving in the
• 34:01
  British pound over the last five years, if you've been saving in
• 34:06
  Bitcoin, the British pound has actually gotten 79% cheaper Over
• 34:10
  a three-year time scale, It's gotten 62% cheaper on a one year
• 34:14
  time scale, it's gotten 27% cheaper.
• 34:17
  Not to mention that houses on a five years time scale at the
• 34:20
  bottom of a bear market have gotten cheaper.
• 34:24
  On a three-year time scale, houses have gotten 56% cheaper.
• 34:28
  So like, again, framing is important.
• 34:32
  What is really the risk? The numbers speak for
• 34:36
  themselves. The risk is people saving in
• 34:39
  Fiat. Like that is what's like
• 34:42
  actually hurting people. I think this is actually
• 34:45
  malicious. So it goes on to say the role of
• 34:48
  the business offering and marketing the qualifying crypto
• 34:51
  asset and the scope of the services, including what the
• 34:54
  business does and does not do on behalf of its clients.
• 34:58
  The nature of the client's rights and obligations with the
• 35:01
  business. In particular, the nature of the
• 35:03
  legal and beneficial ownership of the qualifying crypto asset,
• 35:06
  and the risk associated with those rights that the client can
• 35:11
  lose all of the money they invest in a qualifying crypto
• 35:15
  asset. Right.
• 35:17
  The potential complexity of investments in qualifying crypto
• 35:20
  assets and the associated difficulty of an understanding
• 35:24
  the risks of the investment. That the performance of many
• 35:28
  qualifying crypto assets can be highly volatile.
• 35:31
  And that the value of an investment in a qualifying
• 35:33
  crypto asset can fall as quickly as it can rise.
• 35:37
  The risk of losing money or any qualifying crypto asset
• 35:40
  purchased as a result of operational risks.
• 35:43
  A risk to any management or administration of the client's
• 35:46
  investment in the event of the business becoming insolvent or
• 35:49
  otherwise failing. Now here's the thing though,
• 35:52
  guys, right is that here once again you have an example of
• 35:58
  crypto giving Bitcoin a bad name.
• 36:03
  Bitcoin is not crypto. Crypto is not Bitcoin.
• 36:08
  The numbers speak for themselves.
• 36:10
  If you buy Bitcoin, earn Bitcoin, earn mine Bitcoin and
• 36:13
  take that said Bitcoin into self custody, you are significantly
• 36:19
  wealthier than if you used the British pound.
• 36:24
  If you lose the British pound, even at the bottom of a bear
• 36:28
  market, you are down 79% compared to Bitcoin on a five
• 36:34
  year scale. Why?
• 36:37
  Because there's an infinite amount of Fiat and there's a
• 36:41
  limited supply of Bitcoin. So again, forgive me for being
• 36:46
  skeptical of this test. Like they they they use the
• 36:51
  guise of you're too stupid to make your own decision, we are
• 36:56
  protecting you. But in reality, guess what?
• 37:02
  They're not protecting anyone. They're hurting people from
• 37:07
  giving, allowing people the ability to opt out of their
• 37:11
  money. And this reminds me again of a
• 37:14
  passage from the sovereign individual.
• 37:16
  New technologies will allow the holders of wealth to bypass the
• 37:20
  national monopolies that have issued and regulated money.
• 37:22
  In the modern period. Their importance for controlling
• 37:25
  the world's wealth will be transcended by mathematical
• 37:28
  algorithms that have no physical existence.
• 37:31
  In the new Millennium, cyber money controlled by private
• 37:34
  markets will supersede Fiat money issued by governments
• 37:38
  lacking their custom scope to tax inflate.
• 37:41
  Governments, even in traditional civilized civil countries, will
• 37:45
  turn nasty. Businesses that offer services
• 37:48
  that facilitate the realization of autonomy by individuals will
• 37:51
  be subject to infiltration, sabotage, and disruption.
• 37:56
  Hmm, Doesn't that sound familiar?
• 37:59
  Right. So, like, I'm sorry, guys, I
• 38:02
  just, I, I, I, you know, like it.
• 38:06
  It's like Elizabeth Warren, like, you know, it's like always
• 38:09
  under the guise of the public good.
• 38:11
  But like when you look at the numbers, like when you actually
• 38:14
  look at the data, not to mention their history of whether they've
• 38:19
  actually done things for the public good or not, they don't
• 38:22
  necessarily have a very good track record.
• 38:26
  They printed an ungodly amount of money that's made.
• 38:30
  The prices of real estate and assets go through the roof,
• 38:36
  meaning the poor get poorer because they don't have the
• 38:38
  means to save in assets. They they, they save in Fiat and
• 38:43
  the rich get richer. So you can come to two
• 38:48
  conclusions, right? Like either they truly believe,
• 38:51
  like, you know, we know what's best for people and we're just
• 38:54
  trying to protect people from scams.
• 38:56
  You can make that argument when it comes to crypto, right?
• 39:00
  Like, I, I I believe all coins are pump and dumps.
• 39:04
  I I truly believe that's what they're they all coins are
• 39:06
  designed to enrich their founders.
• 39:08
  Like, I I I truly believe that. Why?
• 39:11
  Because every single altcoin that was created after Bitcoin's
• 39:15
  inception, the founders fundamentally knew from the
• 39:18
  beginning that that altcoin had value.
• 39:22
  When Satoshi created Bitcoin, he created it as an experiment.
• 39:26
  He didn't know that it was gonna have value.
• 39:29
  And most importantly, Satoshi walked away to say, OK, I
• 39:34
  created this, I'm gone, I'm leaving, right?
• 39:38
  So yeah man, like I I I'm just like I am.
• 39:42
  Forgive me guys, if I am skeptical of EU KS government.
• 39:47
  The UK government forcing people to pass a test to buy Bitcoin.
• 39:56
  Like I, I, I, I just, I, I, I it like.
• 40:00
  It infers a lot of things. It's like you're too stupid to
• 40:03
  make your own decisions. Use our money.
• 40:06
  But our money is currently debasing.
• 40:08
  I think the last inflation rate data coming out of the UK, it's
• 40:11
  like 8 to 10%. Like come on now.
• 40:16
  Like at what point are you are, are you going to come to the
• 40:19
  conclusion that they're doing this on purpose?
• 40:22
  Because they don't. They want people using their
• 40:25
  money. Like like like at what point can
• 40:28
  you come to that, you know and Opti and I have gone through
• 40:31
  this rabbit hole for the last year where we're just we went
• 40:34
  from no, they just don't know any better.
• 40:37
  And then we started to become jaded like like because like so
• 40:41
  many things Caitlin Long's bank being declined.
• 40:43
  The SC, CS very suspicious delay of a spot Bitcoin ETF, even
• 40:49
  though there's tremendous amount of market interest even coming
• 40:53
  from one of the largest asset managers in the world.
• 40:56
  The fact that Bitcoin became legal tender of a sovereign
• 40:59
  country, like forget about all that you know, Bitcoin is a
• 41:03
  problem. And not to mention, and I think
• 41:07
  this is really the smoking gun, which is the attacks on Bitcoin,
• 41:11
  not not only by the legacy corporate media, but the
• 41:14
  narratives that they use. Like for example, like Bitcoin
• 41:17
  is boiling the oceans, Bitcoin is using.
• 41:19
  We read you an article from the New York Times yesterday.
• 41:23
  I'm like literally go back to that show.
• 41:26
  They they were trying to make the connection that somehow a
• 41:30
  Bitcoin mining operation, Wyoming was a threat to
• 41:33
  America's nuclear arsenal. Like, what if it was like a
• 41:37
  gaming facility next to, you know, America's nuclear arsenal?
• 41:41
  I bet you they wouldn't say anything.
• 41:44
  So I think this has to do with the fact that Bitcoin is a
• 41:48
  competition to their monopoly on the creation of money.
• 41:51
  I think it's as simple as that. I don't think it's rocket
• 41:54
  science. No one's better than their
• 41:55
  incentives. And then this leads me to my
• 41:58
  last and final thought. The people that are tasked with
• 42:02
  so-called regulating Bitcoin are also the people that have the
• 42:07
  most to lose if Bitcoin succeeds, right?
• 42:11
  So anyways, that's my take. I want to get Bill's thoughts,
• 42:15
  especially with his military background, and then we'll move
• 42:18
  on to Opti. You know, I wish it was a three
• 42:20
  hour show because I have so much to say.
• 42:22
  But let me just tell you at the end of the day I I I joined the
• 42:27
  military to to protect the nation, to serve the nation and
• 42:30
  to defend it. This is why I joined 23 years
• 42:34
  later. I was selected for higher level
• 42:36
  command. I turned it down and I retired.
• 42:39
  I left the military. Because this this was steps in
• 42:43
  my awakening consciousness and trying to find out what are we
• 42:47
  doing there. So related to what you're
• 42:49
  saying, Nico, I I come at this from a military planning
• 42:54
  perspective. In the Army, I was a tanker, I
• 42:57
  was an armor officer, So the M1 Abrams tank, I was an officer
• 43:00
  there. I also was a operational planner
• 43:04
  and so. Part of my Army life was
• 43:08
  learning to plan for counterinsurgency operations,
• 43:11
  planning military operations, etcetera.
• 43:13
  Went to Iraq twice, once working for the second ranking as
• 43:18
  general in all of Iraq, Lieutenant General Odierno.
• 43:21
  This was during the surge in Iraq, when everything was going
• 43:24
  crazy. The violence was through the
• 43:26
  roof and I was privileged to be able to see under the Hood
• 43:29
  exactly what's going on. My second tour to Iraq, up in
• 43:33
  the Ninawa desert, stopping terrorists from infiltrating in
• 43:37
  from the Syrian border to blow themselves up in Baghdad and
• 43:40
  other places. But throughout my time in the
• 43:43
  military, I I I started having questions and wondering.
• 43:49
  Look, I joined to defend the nation.
• 43:51
  Why am I doing a peacekeeping operation in Macedonia, north of
• 43:55
  Greece, working for the UN? How?
• 43:58
  How is this serving our national interests?
• 44:01
  OK, I go on in time. Now I'm in a peacekeeping
• 44:03
  operation in Bosnia right after the Bosnian war there and a lot
• 44:08
  of genocide, etcetera. And the questions continue.
• 44:11
  What am I doing in Bosnia? Holding the peace here?
• 44:16
  And then 9/11 occurs and then my personal science fair project
• 44:21
  was to deploy to Iraq or Afghanistan and and to get these
• 44:25
  questions answered. Are we actually defending the
• 44:29
  nation? What are we actually doing over
• 44:32
  here? And before I deployed, I made
• 44:35
  commitment to myself. Red lines beyond which I would
• 44:38
  not pass because I I didn't join the army to kill women and
• 44:43
  children. I wasn't going to do that wasn't
• 44:44
  going to happen. And so I established these red
• 44:47
  lines beyond which I would not go past.
• 44:50
  And I went there on fact finding mission for myself to see what's
• 44:54
  going on. Nikko, Opti.
• 44:56
  At the end of the day, what I realized was.
• 45:00
  You know, no weapons of mass destruction in Iraq.
• 45:04
  I was there working for the arguably the top general there
• 45:08
  in Iraq. No weapons of mass destruction.
• 45:11
  Hey, guess what? No al Qaeda in Iraq either.
• 45:14
  Al Qaeda came to Iraq when we occupied there after Afghanistan
• 45:19
  and suddenly shifted to Iraq. Then al Qaeda comes down.
• 45:25
  IS is attracted to American forces, coalition forces to
• 45:29
  attack us. But but then you you start
• 45:32
  seeing again and again things that you were told, things that
• 45:36
  the authorities tell you, things that the government tells you.
• 45:39
  They're not accurate and they're not true.
• 45:42
  And so I come when I'm starting to hear about Bitcoin now from
• 45:46
  my son-in-law. Then then I read Safe Dean's
• 45:51
  books on that, the Bitcoin and the Fiat standard.
• 45:55
  In a deep dive in Bitcoin to really analyze this and and when
• 45:59
  the the the facet the the lens that I come at Bitcoin at
• 46:04
  directly speaking to what you're talking about Nikko is it it's
• 46:07
  not this idea that the state will come to have a coexistence
• 46:13
  a peaceful coexistence with Bitcoin I think is naive.
• 46:16
  I think it's not accurate at all, the thing that has
• 46:20
  empowered. The United States of America,
• 46:23
  certainly Great Britain before it, emergent from World War One
• 46:28
  and then solidified in World War 2 when they realized, my
• 46:31
  goodness, Fiat currency unpegged from gold, being able to just
• 46:37
  create an ex nilo out of nothing.
• 46:39
  This enables and facilitates perpetual warfare and that seems
• 46:45
  jaded. And I didn't want to think that
• 46:46
  in the beginning because I love my nation.
• 46:48
  I wanted to protect my nation. But you know what?
• 46:51
  I did join the army for imperialism.
• 46:55
  And and I have to tell you, I really don't.
• 46:59
  I never sat well with me. I lived in India for a year when
• 47:03
  I was young. I lived in Mexico City for three
• 47:05
  years before high school. What really make And I love
• 47:08
  America. But what doesn't sit well with
• 47:11
  me is when you would always hear this politically and etcetera,
• 47:14
  folks saying United States is the greatest nation on the
• 47:17
  earth. I hate that because what I'm
• 47:20
  living in Mexico. What if I'm live in Mexico?
• 47:22
  I'm proud of Mexico. And I hear someone else saying
• 47:25
  the United States is the greatest in the world.
• 47:27
  What about my country? What about India?
• 47:29
  What about, you know, everyone has a place that they're from.
• 47:33
  And so the arrogance I cannot stand.
• 47:37
  And So what happens is you get to this point where you realize
• 47:43
  that your nation isn't defending itself.
• 47:48
  It's expanding. It's used.
• 47:51
  It has a world reserve currency as leverage to expand its
• 47:56
  influence and power and power worldwide.
• 48:00
  And so here comes this upstart entity, Bitcoin, that's
• 48:04
  threatening to unsettle the power base for the imperial
• 48:09
  state, the imperial Fiat Frankenstein monster, and.
• 48:15
  If Bitcoin just remained another run-of-the-mill crypto kind of
• 48:19
  asset, yadda yadda crap coin or whatever, OK, then it's under
• 48:24
  the radar. The state doesn't care about it.
• 48:27
  But Bitcoins popularity is exploding.
• 48:30
  Bitcoins value is increasing. More people are understanding
• 48:34
  about it, so now it's hitting the radar screen.
• 48:37
  What that means is you're going to find the state.
• 48:42
  I'm going to call it the Empire. And its vassal states now
• 48:47
  starting to take notice of this upstart monetary system that's
• 48:51
  threatening to diminish its power.
• 48:55
  And so this is the explaining, this is the explanatory
• 49:01
  rationale for what you see with the legislation, with Elizabeth
• 49:08
  Warren, with in London, on and on.
• 49:11
  This is the explaining dynamic because the state is taking
• 49:14
  notice now and it's not going to peacefully coexist with Bitcoin.
• 49:20
  So my point, my major thesis is is bitcoiners.
• 49:24
  We need to teach and and get the orange signal out so people
• 49:28
  understand Bitcoin better. But then we have to be very
• 49:32
  wise. We have to be exceedingly wise
• 49:36
  at determining how we move forward.
• 49:39
  At this point, if we're naive, thinking that eventually the
• 49:42
  incentives will win and the government will realize that it
• 49:44
  can't kill it, so it has to exist with it, it will not do
• 49:47
  this. It will declare war against
• 49:50
  Bitcoin. And if we've been naive, then we
• 49:53
  will lose. And I wrote an article is in
• 49:55
  bitcoinmagazine.com about this very thing, that the power of
• 50:01
  Bitcoin is its permission list. It doesn't ask permission of the
• 50:06
  state to live. But there are other things the
• 50:11
  state can do to try to neutralize it.
• 50:14
  And don't think that the the government writ large, the state
• 50:18
  rich, large. They're bumbling.
• 50:20
  It's a bumbling bureaucracy. But there are some very, very
• 50:24
  shrewd people within it that will learn and strategically
• 50:28
  figure out. How can we strangle it in the
• 50:30
  grave of Stop There? For some oxygen, in case you
• 50:33
  have some thought, yeah, no, 100%.
• 50:36
  And that actually reminds me of Corey Clips and CEO of Swan's
• 50:40
  article The Race to Avoid the War.
• 50:42
  And I just kind of want to read you guys the first passage of
• 50:44
  it, he says. We bitcoiners are in a race,
• 50:46
  perhaps the most important race we will ever run.
• 50:49
  We are racing against time to drive the adoption of Bitcoin as
• 50:52
  fast as we can. You're racing towards a future
• 50:55
  in which the US government never coordinates a concerted attack
• 50:59
  against Bitcoin or bitcoiners. This is a race to avoid the war,
• 51:04
  right? And it is an adoption race.
• 51:06
  We have to get that message out there because if not, you know
• 51:11
  it, it's it's the, I agree with you, Bill.
• 51:14
  And unfortunately like this is a very, very hard pill to swallow,
• 51:18
  right. And what I think you're
• 51:20
  referring to is the administrative state.
• 51:22
  People call it the bit the the deep state.
• 51:24
  I don't call the deep state anymore, but essentially with
• 51:26
  the administrative state is is it's an unelected bureaucracy
• 51:30
  that remains in power regardless of who gets elected into office.
• 51:34
  And they benefit tremendously from the money printer, right.
• 51:39
  And what's happened over the decades and you mentioned the
• 51:42
  word Frankenstein did. It's really Frankenstein the
• 51:45
  incentives where I don't think it's a government by the people,
• 51:49
  for the people. I think it's a government by the
• 51:52
  people. Sorry.
• 51:54
  It's a government by the government for the government,
• 51:56
  right. I I really have seen that, you
• 51:59
  know, really, really, you know, come to light over the last, you
• 52:05
  know, couple of years or so. And it's really, really scary,
• 52:08
  man. Especially, you know as an
• 52:10
  immigrant coming to the USI was you know, promised that this is
• 52:13
  the land of of freedom. And what I'm seeing is is, you
• 52:17
  know, it's it's like who are we really ruled by?
• 52:20
  You know, it's that's really the question like do you know are
• 52:24
  are these, you know, are are the are the, do these elections
• 52:28
  really, really matter? Like who is really in control,
• 52:31
  you know? And those are just all very,
• 52:34
  very kind of important questions.
• 52:37
  But I do, I do also see a great awakening, so to speak.
• 52:40
  I do see people really waking up and start saying, wait a second,
• 52:44
  that is really strange, you know, like what's going on
• 52:48
  there? Why they, what's up with the
• 52:51
  endless wars? Why are they sending hundreds of
• 52:54
  billions of dollars to, you know, these countries to fight
• 52:59
  wars while there's homeless people in the streets in
• 53:01
  America? Like, what is going on here?
• 53:04
  This is so strange, you know, and then you start asking very
• 53:07
  simple questions, right? But I think it all boils down to
• 53:11
  the fact that again, the incentives are not aligned.
• 53:15
  As long as the Federal Reserve exist, as long as the government
• 53:18
  has the ability to create money for free that the rest of us
• 53:22
  peasants have to work for, I think the incentives will never
• 53:26
  be aligned, right? I I think the the the the
• 53:29
  solution here, it's a peaceful one is opting out and then by
• 53:35
  opting out you inevitably what happens is the inevitable
• 53:39
  separation of money and state right as more and more people
• 53:42
  wake up to the reality that the non state currency which is
• 53:48
  Bitcoin is just better than the dollar.
• 53:51
  It's just better, right? So but anyways, that really
• 53:54
  falls down to us anyways, Opti, you want to hit it real quick
• 53:57
  before we get. Yeah, I'll hit it real quick.
• 53:58
  First, some of the points on that UK stuff, I find it ironic
• 54:02
  that the deadline is January 6th.
• 54:04
  Of course you guys are familiar with what happened in the US.
• 54:07
  Second, a six page test, it's almost as long as the white
• 54:12
  paper, Absolutely incredible. And then that one point of
• 54:15
  limited to high net worth individuals.
• 54:17
  Again, the UK just wants the average peasant to have fun
• 54:21
  staying poor, you know? Keeping freedom from the people.
• 54:24
  It's absolutely disgusting and it kind of goes to a thesis I've
• 54:27
  been saying for a while here on the show is any direct attack on
• 54:30
  Bitcoin is bad PR. So of course they're not going
• 54:33
  to directly attack Bitcoin. They're just going to put
• 54:34
  roadblocks up and just hopefully gatekeep and gaslight the
• 54:39
  individuals out there and do whatever they can to hamper
• 54:42
  adoption. So that's exactly what we're
• 54:45
  seeing happen. There won't be direct attacks on
• 54:48
  on and off ramps yet, but eventually we will get there.
• 54:51
  And this just goes to show why you need Bitcoin in the 1st
• 54:54
  place. You know, they keep using the
• 54:56
  same ideologies of protection for the common good.
• 54:59
  And This is why it's so nefarious.
• 55:01
  Like, it seems like they are really doing good for people,
• 55:03
  people that aren't in tune with everything that we know.
• 55:06
  But it really does more harm than protects any person out
• 55:09
  there. And that's why it's so
• 55:10
  disgusting. It's kind of what Nico said, and
• 55:12
  I was hoping he was going to go this route with that meme where
• 55:15
  it's like the people here to protect you from Bitcoin are
• 55:18
  literally the very people you need protection from.
• 55:21
  So like. You know, couldn't make up.
• 55:23
  Obviously. We knew this was going to
• 55:25
  happen. I really do believe that Bitcoin
• 55:27
  is a peaceful revolution. But I I know that the Great
• 55:31
  Leviathan is not going to just give up that power easily and
• 55:35
  they're going to do whatever they can.
• 55:37
  At first it will be more sleight of hand, and then once they
• 55:40
  really get more and more desperate, we will see direct
• 55:42
  attacks on Bitcoin and Bitcoiners.
• 55:45
  In general, So you know, let's just hope that we do win this
• 55:48
  war and we get to as many people adopting Bitcoin obviously
• 55:51
  safely and they know why they're holding Bitcoin and not just
• 55:54
  fummeling into the price. But that's just what we do here
• 55:57
  and just try to educate people and get more people from YouTube
• 56:00
  and stuff 100%. And and again, like, I just want
• 56:03
  to emphasize everybody, this is a peaceful revolution.
• 56:06
  This is not kinetic. This is information narrative
• 56:08
  trench warfare on the battlegrounds of the Internet.
• 56:11
  Remember, politics is downstream from culture, right?
• 56:14
  We have to win that culture war. We really have to, you know,
• 56:19
  really explain to people whether they're progressives or
• 56:21
  conservatives, like guys like your economic woes, the social
• 56:26
  woes, like the root cause is broken money, broken money,
• 56:30
  broken world. And I really do believe that
• 56:32
  Bitcoin has a really good shot at fixing the world and by
• 56:36
  fixing the incentive structure. And I think the incentive
• 56:39
  structure is currently not aligned.
• 56:41
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  Visit swanbitcoin.com today. All right, Opti.
• 58:24
  What are we talking about today, brother?
• 58:26
  Yeah. So guys, you know, this is the
• 58:28
  culture we usually feature our guest.
• 58:31
  I usually like to start with the rabbit hole story, but Bill kind
• 58:35
  of gave it to us already. So we'll jump to the second
• 58:38
  portion of what we were going to talk about.
• 58:40
  And before we start, I usually like to let our guests tell me
• 58:45
  kind of what's been top of mind for them.
• 58:47
  And so we can talk about it. And Bill basically told me in
• 58:50
  the beginning, he's like, you know, what I really want to talk
• 58:52
  about is what you guys have been covering a lot on the show
• 58:55
  recently. I will frame it as just the
• 58:57
  information propaganda war against Bitcoin.
• 59:00
  And so Bill, I'll just give you the platform.
• 59:02
  What is it exactly that you see? And you can add on to what you
• 59:06
  were just talking about in the news segment.
• 59:10
  And please stop me jump in at any time if I ramble.
• 59:14
  Go rant. They like the rants.
• 59:16
  Well, at the end of the day, I just think that as I see and
• 59:20
  watch the shows, not just yours but interact with a lot of
• 59:23
  bitcoiners, it's natural. I think that there is a mindset
• 59:28
  again of peaceful coexistence. We stack sets, the incentives
• 59:32
  are going to win out and then Bitcoin will fix this and we'll
• 59:37
  move to more of a Bitcoin. Maybe standard, maybe not 100%,
• 59:41
  but the Bitcoin really went out. Is a military planner.
• 59:46
  I am hardwired to look at the worst case scenario and then
• 59:50
  walk my way backwards and when I look I try to.
• 59:55
  I try to look at the worst case scenario and see how is this
• 59:58
  going to fail. I took about a year and a half
• 1:00:02
  to study Bitcoin and to deep dive it before I even ventured
• 1:00:08
  in and purchase some SAT. Because I wanted to make sure I
• 1:00:12
  knew what I was getting into and I wanted to disprove it.
• 1:00:15
  But I couldn't. I couldn't disprove it.
• 1:00:17
  And I compared it to other cryptocurrencies.
• 1:00:20
  No comparison whatsoever. OK, this is good.
• 1:00:23
  So it met my test there, and I'm still open to challenges.
• 1:00:28
  But when I look and I saw what our military is doing overseas,
• 1:00:33
  I was disillusioned. Wildly disillusioned.
• 1:00:39
  I have seen first hand overseas incredible national arrogance.
• 1:00:44
  I've seen tragic depravity. I've also seen incredible love.
• 1:00:48
  I've seen incredible selflessness and wonderful
• 1:00:51
  troopers over there doing the best they could, working the
• 1:00:56
  hardest they could to do the best for Iraqis.
• 1:00:59
  I was in Iraq, but this showed me that it doesn't matter how
• 1:01:03
  hard you work if the assumptions under which you're working are
• 1:01:07
  flawed. You can work very hard and still
• 1:01:10
  lose. And now how does that apply to
• 1:01:12
  Bitcoin? If I don't understand money, If
• 1:01:16
  I don't understand it and I had to learn about money in the 1st
• 1:01:18
  place, I realized that I can't understand Bitcoin unless I
• 1:01:21
  figure out money. So I had to deep dive there.
• 1:01:25
  If If you don't understand the dynamics by which we go to war
• 1:01:30
  and and the assumptions there, you can work so hard overseas
• 1:01:34
  and try to serve your nation and you can still fail as we did in
• 1:01:37
  Afghanistan as we did in Iraq. Financially, if you don't
• 1:01:41
  understand money, you can work your Fiat job so hard and try to
• 1:01:46
  save money and invest it yadda yadda and still be wrecked.
• 1:01:49
  2008's an example. And so in that regard, I wanted
• 1:01:55
  to bring a military analysis to Bitcoin so we can be lucid,
• 1:02:00
  clear eyed, sober, and not so excited and amped up because we
• 1:02:06
  found Bitcoin that we lose the context.
• 1:02:09
  We don't realize that we're in a monetary war.
• 1:02:13
  Tyrants, emperors, kings, they do not give up power.
• 1:02:18
  They don't give it up gracefully.
• 1:02:19
  You know, we say a peaceful revolution.
• 1:02:21
  I want peace. I would love it's it's fine keep
• 1:02:25
  the flat Fiat system here but allow Bitcoin to flourish side
• 1:02:29
  by side. I'd be happy with that.
• 1:02:32
  But I don't think this is going to happen because the essence of
• 1:02:38
  the United States that we're living under, and let's just
• 1:02:40
  call it the empire and we'll include Europe in that because
• 1:02:43
  that's kind of, you know, they fall right into line with
• 1:02:46
  whatever the United States says the world reserve currency
• 1:02:49
  holder. The bottom line is our military
• 1:02:55
  budget is larger than the next nine countries combined.
• 1:03:01
  Now how is this, How is this number one necessary?
• 1:03:05
  How is this even righteous or or just our military budget 9 times
• 1:03:11
  bigger or bigger than the next nine nations combined?
• 1:03:15
  Their military budgets? That that's unconscionable.
• 1:03:18
  Is that really necessary to keep us safe?
• 1:03:21
  Well, when I deployed twice to Iraq and see what I see, it's
• 1:03:24
  not keeping us safe. We make enemies, an army of
• 1:03:28
  occupation. When you have your nose and
• 1:03:31
  everyone's business overseas, then they start to resent you.
• 1:03:35
  Who are you to come over here and tell us how to, how to, how
• 1:03:39
  to be democratic, for Pete's sake?
• 1:03:43
  And so the bottom line is why the war in Ukraine And now all
• 1:03:49
  of a sudden when when support for that starting to go by the
• 1:03:52
  wayside a little bit, suddenly there's a war flaring up
• 1:03:55
  somewhere else in in in Israel with Hamas and Gaza, OK, you
• 1:04:01
  know, at least as a military planner, timing is very
• 1:04:04
  important to me. It doesn't mean, it doesn't mean
• 1:04:07
  everything is settled just because of the timing.
• 1:04:10
  But timing is curious to me. I I take note of the timing of
• 1:04:15
  things are coming up on election cycle.
• 1:04:17
  Support for Ukraine is waning. The military industrial beast
• 1:04:21
  needs fed, and so why do I keep seeing wars spring up all the
• 1:04:27
  time that we are interested in and throwing our support behind
• 1:04:31
  when we have so much in this nation that we could use our
• 1:04:34
  taxpayer money for that? I'd be more inclined to have my
• 1:04:37
  taxpayer monies going to help out folks in this nation, but
• 1:04:43
  this is part of the problem here is the Beast and the folks who
• 1:04:48
  empower and direct the Beast are directly incentivized to keep
• 1:04:53
  that Beast in a state of warfare.
• 1:04:56
  So 911 real convenient. Have the Patriot Act never been
• 1:05:00
  rescinded yet was supposed to only be temporary?
• 1:05:03
  But the Patriot Act is still in full force and is expanded upon.
• 1:05:09
  So now we're going to move on to CBD CS so that everything I do
• 1:05:13
  financially, the state's going to be able to monitor and
• 1:05:17
  analyze and then block it if they wish.
• 1:05:20
  No, I'm not for that at all. I love Bitcoin.
• 1:05:25
  I want a non KYC Ave. to Bitcoin at all times.
• 1:05:29
  Permissionless because the only way that you liberate yourself
• 1:05:38
  from the behemoth, from the Leviathan is it has to be a
• 1:05:41
  permissionless. It can't be a Mother may I
• 1:05:43
  system, because when you go through a mother May I system,
• 1:05:47
  now you have to take a test in Great Britain.
• 1:05:50
  Now you have to ask permission to buy a certain amount of
• 1:05:54
  Bitcoin that then can be tracked and will be taxed exorbitantly,
• 1:05:58
  yadda yadda, on and on. No thank you.
• 1:06:01
  This, this, this doesn't work for me.
• 1:06:03
  This is going to be a problem for me, but I've seen what the
• 1:06:08
  state does. I've deployed twice on its
• 1:06:12
  behalf and then had to opt out because I'm not.
• 1:06:18
  I joined the military to defend the nation, to serve selflessly,
• 1:06:22
  but not to imperialize. And so as I look at Bitcoin now,
• 1:06:29
  how do we move forward if these assumptions are true?
• 1:06:32
  This is my project. This is what I really want to
• 1:06:35
  look at. You know, if I was naive UK like
• 1:06:37
  I just wrote an article concerning El Salvador, what
• 1:06:40
  they might want to think about as they move forward.
• 1:06:43
  But a the global S has reason to fear interference.
• 1:06:49
  Let's just put it that way, interference by the by the
• 1:06:52
  Empire, don't they? There have been quite a few coup
• 1:06:55
  d'etats, quite a few juntas down there that we weren't exactly
• 1:07:02
  uninvolved in. And so if you have this nation
• 1:07:06
  in Central America, who are you? El Salvador.
• 1:07:09
  And now you're suddenly taking the superpower to school,
• 1:07:13
  showing them how to embrace hard money that enriches the
• 1:07:20
  citizenry. Wow, what a crazy concept that
• 1:07:23
  you'd actually work for your people, that you would go break
• 1:07:27
  the spines of of the gangs there that had their way for so long.
• 1:07:31
  By the way, study how these gangs came to power in the 1st
• 1:07:34
  place. And now, now this president down
• 1:07:39
  in this tiny central Central American country is now going to
• 1:07:43
  shame and humiliate the United States.
• 1:07:47
  We can't have that. This is what I'd worry about.
• 1:07:51
  And and I think that we have to look at this very lucidly and
• 1:07:54
  very sober to be objective and not, you know what you might
• 1:08:00
  say? Quixotic.
• 1:08:01
  Wanting to believe the ideal state when the ideal state may
• 1:08:06
  not be very likely. You know, folks say that Bitcoin
• 1:08:10
  fixes this. Don't hate me.
• 1:08:12
  I don't want you to hate me, OK? I don't think it fixes a lot of
• 1:08:15
  things. And here's why.
• 1:08:18
  Maybe I'd like. I'd like to caveat that phrase
• 1:08:21
  in the United States. The the idea of America was to
• 1:08:25
  fix certain things so the separation of powers.
• 1:08:29
  They came off from this history of a tyrant, King George, who is
• 1:08:33
  dominating things and did not care about his subjects in the
• 1:08:37
  colonies. So we created a system of
• 1:08:40
  government with a separation of powers, with a Bill of Rights,
• 1:08:44
  with all these things to try to safeguard the sovereignty of the
• 1:08:49
  individual. Isn't that a shocker?
• 1:08:51
  Over time, it gets degraded and deteriorated.
• 1:08:56
  Well, at this point now, that was a political attempt to fix a
• 1:09:03
  larger problem, and it worked for a while.
• 1:09:06
  Never perfect. Never perfect.
• 1:09:08
  This side of eternity, we're not, we're not looking for
• 1:09:11
  perfection, We're realists. But human nature?
• 1:09:14
  Exactly right. I see here, in, in, in the
• 1:09:19
  messages coming up. You're exactly right.
• 1:09:21
  Human nature is basically in the minds of the Founding Fathers
• 1:09:25
  there who crafted the American idea.
• 1:09:28
  American human nature is basically corrupt, not good.
• 1:09:32
  And it doesn't mean that people aren't and you don't have the
• 1:09:35
  capacity for good, but it means that there's a propensity for
• 1:09:40
  corruption, There's a propensity in human nature for certain
• 1:09:44
  folks when they get power to seek more power and to have a
• 1:09:48
  lust for power, a lust for money.
• 1:09:50
  And so our form of government sought to put limitations on
• 1:09:55
  that for the benefit of as many folks as possible.
• 1:09:58
  Again, never perfect. From the beginning, what Bitcoin
• 1:10:01
  does is it puts limitations and it helps limit the corruption
• 1:10:08
  that can occur in the monetary system.
• 1:10:11
  And that's wonderful. So if you have political
• 1:10:14
  restrictions, if you have monetary restrictions, now
• 1:10:18
  you're really making some great traction, you're making some
• 1:10:20
  great progress towards a wonderful situation, a wonderful
• 1:10:26
  environment for sovereign individuals, for people to live
• 1:10:30
  their lives, to work hard but have something for the work that
• 1:10:32
  they do and not to be robbed. And this is where Aniko and
• 1:10:38
  Apti, I have so much appreciate that you say we, we don't want
• 1:10:42
  to get political. It's not red versus blue.
• 1:10:46
  I I don't want to be political either in terms of when you have
• 1:10:49
  to define what do you mean by political.
• 1:10:51
  But the very issues that we talk about are political issues and
• 1:10:56
  there's no getting around it. The sovereignty of the issue
• 1:10:59
  what? What is the proper righteous
• 1:11:06
  limits the government should have with respect to us, with
• 1:11:09
  certain laws, with taxation, with, with, with the justice
• 1:11:13
  system, on and on. And these are decisions that you
• 1:11:17
  have to make in the political spectrum.
• 1:11:20
  And so I'm not a party person again, the founding father said
• 1:11:24
  stay away from political parties because they degenerate and they
• 1:11:28
  consolidate power and and much evil comes from this.
• 1:11:33
  And so I'll pause there for error, gentlemen.
• 1:11:36
  Man bro, that was great. Absolutely beautiful.
• 1:11:40
  I love having bitcoiners from all walks of life on the show
• 1:11:44
  because. Your experience in and thank you
• 1:11:48
  for your service by the way your experience in in the military
• 1:11:53
  gave gives you a very unique perspective because you went
• 1:11:57
  full circle, right. You you know you believed.
• 1:12:00
  You believed right. And then all of a sudden you
• 1:12:03
  started seeing cracks, right? I'm from the the millennial
• 1:12:08
  generation, right. I can't even imagine what the
• 1:12:10
  zoomers are are gonna go through, right?
• 1:12:12
  But it it's like I see and it's like there is no opportunity
• 1:12:16
  here, there, there in the Fiat system there.
• 1:12:20
  I I I'm not going to be able to own their own Fiat propaganda.
• 1:12:25
  I call the the World Economic Forum.
• 1:12:27
  The container conference is even telling you you'll own nothing
• 1:12:30
  and be happy, right? So it it it it's like you know
• 1:12:35
  if it's like Bitcoin is the way out of this it and it's and it's
• 1:12:40
  peaceful. It's like you're just opting out
• 1:12:43
  you're you're not going and and causing a conflict or anything
• 1:12:47
  like that. You're just saying like look
• 1:12:48
  like I I understand your system that's cool.
• 1:12:52
  But I'm going to opt out. I'm going to take my energy, my
• 1:12:55
  time. Out of that system because it's
• 1:12:58
  just it's broken it's not working for me.
• 1:13:01
  I'm not you you mentioned about you know the first days in in in
• 1:13:06
  American history and and you know we we have so many quotes
• 1:13:09
  from the founding fathers literally warning about the
• 1:13:11
  dangers of paper money and all of that has has has it seems
• 1:13:18
  like it's it's been forgotten we've we've forgotten the you
• 1:13:22
  know the traditional American roots.
• 1:13:26
  That I think really Co a lot like they they're they're really
• 1:13:30
  linked with Bitcoin like I think Bitcoin and what the founding
• 1:13:35
  principles of this country was was you know was originally
• 1:13:39
  based on right. You know they go they go hand in
• 1:13:43
  hand. I think if the founding fathers
• 1:13:44
  were around today, there'd be hardcore Bitcoiners, right?
• 1:13:48
  So, so yeah, man, I I think you hit the nail on the head.
• 1:13:50
  That was such a great perspective.
• 1:13:52
  And thank you so much for coming on the show today, man.
• 1:13:55
  Because holy cow, that I'm, I'm, I'm, I'm at a loss for words.
• 1:13:59
  Opti, you want to chime in before you hit the meme review?
• 1:14:02
  Well, I was just going to say maybe we should avoid the meme
• 1:14:05
  review today. Let's let's dig into Bill's.
• 1:14:08
  Bill's thinking a little more for another 10 minutes.
• 1:14:10
  I I think I would do the show a little more justice.
• 1:14:12
  Awesome. So before we do that I do want
• 1:14:14
  to give a a quick shout out to one of our sponsors.
• 1:14:18
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• 1:15:05
  Having. All right, everybody.
• 1:15:08
  So let's get back to the conversation.
• 1:15:09
  I'll do a long meme review for tomorrow, but I I feel like we
• 1:15:13
  would be doing a disservice to our audience if we went to the
• 1:15:16
  meme review today. So Bill, we will give you the
• 1:15:19
  floor again, but we got a great question here.
• 1:15:20
  And considering your military background and what you were
• 1:15:23
  saying that you're always going from the worst case scenario
• 1:15:26
  back to, you know where we are right down the current moment.
• 1:15:29
  We got Opti's favorites. Bits of Chrissy shouts out to my
• 1:15:33
  boy trolling me. And he goes out.
• 1:15:35
  Mr. Bill, what would a government attempt to do to
• 1:15:38
  stop, slash break Bitcoin? Like what is your attack vectors
• 1:15:43
  like? What are you seeing and and what
• 1:15:45
  are you concerned about? And then maybe, you know, how do
• 1:15:47
  we protect ourselves? Yeah, super.
• 1:15:50
  Great question. And this is the first thing I
• 1:15:52
  started writing about, First article that I wrote if I were
• 1:15:56
  the government, I wanted to stop it.
• 1:15:59
  Warfare at the operational level is all about choke points.
• 1:16:04
  And so choke point is you can fight.
• 1:16:07
  Let's say we're going in the Octagon.
• 1:16:10
  Octagon, you know you can move all through the Octagon.
• 1:16:13
  Your opponent can attack you from many different angles.
• 1:16:16
  Octagon is not real helpful. I want to fight in a room and I
• 1:16:20
  want to choke point, maybe a doorway because I can limit the
• 1:16:23
  options of someone who's attacking me limited to a small
• 1:16:26
  space. So what are the vulnerabilities
• 1:16:28
  here? If I wanted to find the choke
• 1:16:32
  point for Bitcoin, OK, so I'm the government.
• 1:16:35
  I'm like, OK, you know what? I can't kill it.
• 1:16:37
  It's permissionless. I can't kill it.
• 1:16:38
  It's in cyberspace. It just keeps existing.
• 1:16:41
  I can't get in there. I can't hack it.
• 1:16:42
  I can't kill it. It exists the blockchain.
• 1:16:45
  There's no way that I can go through, etcetera.
• 1:16:48
  But if this knucklehead here named Bill owns some Bitcoin,
• 1:16:55
  what could I do to neutralize why he's owning it in the 1st
• 1:16:59
  place? And so here's what I do.
• 1:17:02
  I'd say, OK, well, good. Bill can't do much with this
• 1:17:05
  Bitcoin when it stays in cyberspace.
• 1:17:08
  And right now there's not enough, there's not enough
• 1:17:10
  merchants, there's not enough capability for him to spend it
• 1:17:14
  and just use it. You know, Bitcoin transactions
• 1:17:18
  from one from Bill to merchants, etcetera, buy a car, buy, buy
• 1:17:21
  food, etcetera. So what I'm going to do, he's
• 1:17:24
  got to take Bitcoin and he's got it transferred into Fiat, at
• 1:17:28
  least for now, at least for now. So what I'm going to do is I
• 1:17:31
  analyze every way the bill can move Bitcoin to Fiat.
• 1:17:35
  And then I hit that. And that's the choke point that
• 1:17:38
  I hit, because if I can strangle and isolate Bill's Bitcoin and
• 1:17:43
  keep it isolated in cyberspace of 1 and not just Bill, but
• 1:17:48
  everyone else that owns Bitcoin. And so one critical target right
• 1:17:53
  off the bat will be the exchanges.
• 1:17:55
  Where do you sell your Bitcoin now?
• 1:17:57
  There are some other ways of transferring Bitcoin into Fiat,
• 1:18:01
  your local Fiat of choice, wherever you happen to be at.
• 1:18:05
  But quite often, you have to go through certain entities that
• 1:18:09
  can be targeted. Targeted by legislation,
• 1:18:12
  targeted by bureaucracy, targeted by KYC, targeted by any
• 1:18:17
  number of tools that the state has at its disposal.
• 1:18:21
  OK, so now let me use that and let's do some Kung Fu on it.
• 1:18:25
  Let's do some judo and flip that if I were technologically
• 1:18:29
  inclined and I'm not a I'm not a cypherpunk, I'm not gifted in
• 1:18:34
  this realm. But just as the existence of
• 1:18:39
  Bitcoin is permission less, Bitcoin isn't asking anyone's
• 1:18:43
  permission to exist. It does, and you can't stop it.
• 1:18:46
  But the ability of transferring Bitcoin into Fiat?
• 1:18:51
  That needs to be permission less.
• 1:18:53
  How do we develop absolutely permissionless rails that no
• 1:18:58
  matter what, no state could stop it.
• 1:19:04
  This would be an area of innovation.
• 1:19:07
  I think it's well worthwhile to explore and and there are
• 1:19:11
  movements in that realm but but this is would be my first answer
• 1:19:15
  and I know that was somewhat long so I'll pause there for a
• 1:19:18
  minute but it's attacking those rails of re entry, the rails
• 1:19:22
  that re enter the Fiat. State Yeah, that's that's what I
• 1:19:28
  see happening as well. And it's kind of interesting
• 1:19:30
  because, like once you become fully orange pilled, once you
• 1:19:33
  become a big corner, it's almost.
• 1:19:35
  Like, OK, yeah, stop the Fiat, you know, from Bitcoin to Fiat
• 1:19:40
  on ramps and off ramps again, It's like, cool, like I'm in
• 1:19:43
  Bitcoin already. Like, I didn't want to go back
• 1:19:45
  anyway. So thank you very much.
• 1:19:46
  Now I'm just forcing my hand now if if if merchants worldwide or
• 1:19:52
  in your region would really start availing themselves of
• 1:19:56
  getting on a Bitcoin transaction standard.
• 1:20:01
  Well then that starts limiting that problem and it really
• 1:20:04
  starts opening up a permission less ecosystem for Bitcoin,
• 1:20:09
  which would be tremendous. But another thing, and you see
• 1:20:12
  it, Javier Malay, you see what happened with him.
• 1:20:14
  You see the state attacking not just in the United States, but
• 1:20:18
  you see the World Bank, the IMF going after Bukala with loans.
• 1:20:25
  And he says, you know what, I don't want any more of your, you
• 1:20:27
  know, IMF bondage. No, thank you.
• 1:20:30
  And yes, we're going to go for Bitcoin.
• 1:20:31
  You see Javier Malay attacked. You see, if you can identify
• 1:20:35
  those who are bitcoining as well, then they can be targeted
• 1:20:40
  by the state in other ways to wreck them. 100% And like, I
• 1:20:47
  just want to kind of tie this into today's news, right?
• 1:20:49
  You're speaking about the choke points, right?
• 1:20:52
  Clearly like you see. The clear choke point in my mind
• 1:20:57
  is the on and off ramps, right? And like with the news segment
• 1:21:03
  that we did today covering this test, that ladies and gentlemen
• 1:21:07
  is an example of them using a choke point.
• 1:21:11
  They are literally trying to say, hey you have to pass a test
• 1:21:16
  before you can opt out into Bitcoin, right?
• 1:21:19
  So like IA 100% agree. You know, and guys, this is
• 1:21:23
  where the rise of peer-to-peer is so important.
• 1:21:26
  This is why you should be running your own.
• 1:21:27
  This is why you should literally leave no Bitcoin on exchanges
• 1:21:31
  whatsoever. Take all of that into self
• 1:21:34
  custody. That's how you empower yourself.
• 1:21:36
  I've, I had this pinned on the top of my profile for a very,
• 1:21:41
  very long time. I said if enough people take
• 1:21:43
  self custody, we will win and there's nothing they can do
• 1:21:47
  about it, right. So we got to get to that point
• 1:21:50
  where. Enough people around the world,
• 1:21:52
  Enough individuals around the world.
• 1:21:54
  Did we just get a twitch? A twitch chat?
• 1:21:58
  Opti Oh my God, I think that's our first shout out to Valvez
• 1:22:03
  BTW. Hey, what's up?
• 1:22:05
  So we got we got some some some twitchers in the house, which is
• 1:22:09
  awesome anyways, but yeah man this is this is definitely
• 1:22:14
  definitely pretty crazy. I see.
• 1:22:15
  Opti pulled something up. Yeah, this is a meme by Beauty
• 1:22:18
  on. I highly recommend you guys read
• 1:22:20
  like I think it's called Conway's Game of Life.
• 1:22:23
  It's on its sub stack, but you can see what we're talking about
• 1:22:25
  here guys. Like I really like this visual
• 1:22:28
  here. The white would be people using
• 1:22:30
  Fiat, the the Gray black dots would be the KYC AM L zone of
• 1:22:36
  absorption. And then once you are in the
• 1:22:38
  Bitcoin network in the black, you're using Bitcoin.
• 1:22:42
  What can they do? They can't stop you.
• 1:22:44
  And this is where we are. This is the transition, yeah,
• 1:22:47
  it's a transition into the Bitcoin standard.
• 1:22:48
  It's definitely it's definitely A1 way door.
• 1:22:52
  Maybe a word about the investment firms in BlackRock
• 1:22:55
  and how to view them for a moment.
• 1:22:57
  Yeah, hit it. Because as I look at this, I see
• 1:23:00
  a lot of optimism. All the BlackRock, third largest
• 1:23:04
  economy in the world, Vanguard, Fidelity, all these other folks
• 1:23:07
  trying to get a spot Bitcoin ETF, this shows that the
• 1:23:12
  government essentially is going to yield to it because BlackRock
• 1:23:15
  is so tied into the government, the regulators, etcetera.
• 1:23:18
  I don't see it that way. Bottom line, I think that the
• 1:23:21
  reason why we're seeing such a delay and such an extenuation of
• 1:23:26
  the SEC making a ruling on it is because the SEC is caught
• 1:23:31
  between a rock and a hard place. These investment firms very much
• 1:23:34
  want a piece of the action, but the government rich, large,
• 1:23:38
  which is not monolithic and this is the thing we call it the
• 1:23:41
  Uniparty. But at the end of the day, there
• 1:23:43
  are granular divisions within the government as well.
• 1:23:46
  No, no, no. And not only that, it is
• 1:23:49
  breaking. You can see it.
• 1:23:51
  You can see the rise of populism on the left and the right.
• 1:23:55
  For the first time in American history, you had a speaker
• 1:23:58
  ousted. Right.
• 1:23:59
  So yeah like it it it's it's you know the uniparty is there but
• 1:24:03
  you can slowly start to see that their influence is starting to
• 1:24:07
  diminish and I would say what what's even more important more
• 1:24:11
  important is that it's being exposed for what it is.
• 1:24:15
  Right. These are very tumultuous times
• 1:24:18
  they you know I I truly believe in the theory of the fourth
• 1:24:20
  turning. We are living through our
• 1:24:23
  generation's version of a non kinetic so far World War 2.
• 1:24:27
  You know where. You know, good times created
• 1:24:32
  weak men, weak men created hard times and we're currently living
• 1:24:35
  that. And then hard times are creating
• 1:24:38
  strong men. Lessons of the past have been
• 1:24:40
  forgotten and once again as humanity.
• 1:24:44
  You know we are learning those lessons again.
• 1:24:46
  Anyways, this has been an amazing, amazing episode.
• 1:24:49
  Bill. This has been absolute like a
• 1:24:52
  treat and and pleasure for you to change entirely mine.
• 1:24:57
  I I will say that right back at you.
• 1:24:59
  Thank you so much for coming on the show.
• 1:25:01
  And I wanna thank you again for Orange filling me.
• 1:25:04
  You did it. You, you you brought me across
• 1:25:08
  that bridge. So I thank you for your service
• 1:25:10
  in in educating that orange signal.
• 1:25:12
  Well, it's an honor to be in the trenches.
• 1:25:14
  Hey Bill, jump in Twitter Spaces right now and we'll continue the
• 1:25:17
  conversation. Absolutely.
• 1:25:19
  So yeah, Bill, it's an honor to be in the trenches with you,
• 1:25:22
  man. Fighting the good fight, you
• 1:25:24
  know. And I think we'll win this
• 1:25:26
  thing, but we have to be attentive and take agency, take
• 1:25:32
  action and orange peel the people around you.
• 1:25:35
  Anyways, Bill, thank you so much for joining us on Simply Bitcoin
• 1:25:38
  Live. We really appreciate you.
• 1:25:40
  Thank you so much. It's been wonderful.
• 1:25:43
  Thanks, Bill. Appreciate it.
• 1:25:44
  All right guys, thank you so much for tuning into today's
• 1:25:47
  episode. If you enjoyed the show, make
• 1:25:48
  sure to smash that like but and consider subscribing if you feel
• 1:25:51
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• 1:25:53
  could do to help push the peaceful Bitcoin revolution is
• 1:25:57
  share Bitcoin content. Don't share altcoin content.
• 1:26:00
  That's counterproductive. Share Bitcoin content.
• 1:26:03
  Don't be exclusive. Be inclusive.
• 1:26:05
  Everyone has different tastes. So people, some people you know
• 1:26:08
  like the, the, the bigger podcast.
• 1:26:10
  Some people like the simply Bitcoin style.
• 1:26:13
  You know, whatever floats your boat.
• 1:26:14
  It doesn't matter, right? The whole point is that we have
• 1:26:17
  to push this movement forward. We have to get more people to
• 1:26:21
  start asking the question, what is money?
• 1:26:24
  Why is my money stealing from me?
• 1:26:27
  Anyways, Love you all. If you wanna join the after
• 1:26:29
  party, you could join us on Twitter Spaces, which we cohost
• 1:26:32
  with our friends over at Swan Bitcoin.
• 1:26:34
  Best place to build your Bitcoin stack?
• 1:26:35
  Shout out to the best producer in the game, Producer Jacob.
• 1:26:38
  Opty's going to be holding it down.
• 1:26:40
  Bill's going to be joining us as well.
• 1:26:41
  So if you want to join the Simply Bitcoin After party, join
• 1:26:44
  us on spaces. We're going to be holding it
• 1:26:45
  down until 2:00 PM Eastern Standard Time.
• 1:26:49
  In the meantime, love you guys and we will see you tomorrow for
• 1:26:52
  a brand new episode of Simply Bitcoin Live.
• 1:26:56
  Peace out, y'all. Guys you already know the deal.
• 1:27:09
  This is a Bitcoin space by bitcoins for bitcoins.
• 1:27:11
  Hopefully I can get bill in here and we can keep this combo
• 1:27:14
  going. I I do have a request by Larry
• 1:27:20
  Fink parody account. I I don't know if I should if I
• 1:27:25
  should let this up and then I have someone here.
• 1:27:30
  Sir, I am. Sir, you have me blocked.
• 1:27:33
  You ever account blocked and you're requesting to speak, So I
• 1:27:36
  think I'm going to not allow you up here.
• 1:27:39
  I'm just.