Latest / Simply Bitcoin / Bitcoin Banned For Citizens, But Governments Accept it? | EP 472
Transcript
- 0:07back, everyone. It is the weekend recap, and we
- 0:10are simply Bitcoin. We break down the news.
- 0:12The daily fail mean review, software releases Hardware,
- 0:15releases and the pleb sites. Joining us today to return
- 0:20guest. We've got the host of Bitcoin
- 0:23kindergarten and also we've got a memer from the mean.
- 0:30I'm Tardes. That's right.
- 0:30We've got Y nicus and we've got our new clip master and our
- 0:36Twitter master of chaos, we've got Optimist Fields that's
- 0:40joining us and we are diving into the numbers.
- 0:43Let's do it. People brought to you by not all
- 0:47they make some of the best Bitcoin oats like the novel,
- 0:50Dojo the what I'm holding in my head red means faster run your
- 0:54own version of Bitcoin core and the lightning Network, all in
- 0:57the comfort of your own home. Remember guys, if you Run your
- 1:00own node. You're using someone else's,
- 1:02take your sovereignty back completely and you could do that
- 1:06by running a bitcoind node, like the nozzle at the time of this
- 1:09recording, the block height is 730. 3398 the Bitcoin price
- 1:1439,000 650 chain rewrite day 721, total public lightning
- 1:19capacity. 3630 6.67, Moscow time 25:22 blocks to the having a
- 1:27hundred and six thousand six hundred and two.
- 1:29And the samurai Whirlpool unspent capacity, Samurai
- 1:33Whirlpool is a coin or collaborative spend.
- 1:36It is not a mixing service and the unspent capacity in that
- 1:39pool is 4500 15.58176 uneventful weekend numbers and the numbers
- 1:48bro. Bitcoin is the new stable coin.
- 1:50I was looking at some other metrics in there that I found
- 1:53interesting where 42% from the all-time high and it's been a
- 1:56hundred and sixty five days since All-time high, dude.
- 2:01A whole lifetime in Bitcoin time.
- 2:03Now fill before we started recording the show.
- 2:07I told you I was going to throw a curveball, right?
- 2:10And fills a tourist so he doesn't like, you know, things
- 2:13changing, right? He likes things the same, unlike
- 2:16the stomach detectable, I don't care, I'm on the Fly, I'll
- 2:18fucking pivot do this, this and that feels like, this is how
- 2:21things have to be every day. So I didn't tell him what I was
- 2:24gonna do before the show, so that you guys could see him
- 2:27uncomfortable in real time because that Makes good TV.
- 2:31So having said 11, instead of me doing the numbers today, Optimus
- 2:36what do you got for us brother? Optimus is gonna host the number
- 2:41of time. Alright guys, I am here.
- 2:44Let's just hope I don't bomb this one but I'm here to what I
- 2:50think is some bullish news, guys.
- 2:52This, this is a narrative that I am definitely out here trying to
- 2:56Champion guys. So I'm going to read this tweet.
- 3:00Says there's some glass note. Hope you.
- 3:01I'm of course I'm the pleb now with the glass, no to count,
- 3:04guys, you better lose your mind and watch out.
- 3:07But check this out the percentage of the Bitcoin Supply
- 3:09last active 1 plus years ago, just crossed 64 percent for the
- 3:13first time, ever the percentage of old coins continues to Trend
- 3:17up guys. So, what I see here and what I
- 3:21love to see and this is an area of I'm pushing, guys, is that we
- 3:24are seeing more hollers out there, guys.
- 3:25More people are starting to understand the sound money
- 3:28gospel. And guys, is this the Prelude to
- 3:32the pump because we all know what happens when people are
- 3:35holding the coins. And if you're watching, you
- 3:38know, it's crazy out there guys, there's a bunch of crazy
- 3:41information out there. We're living in crazy times, but
- 3:44I can tell you my oracle's are telling me that the time is
- 3:47close, but who knows, man, is the market going to fall out on
- 3:52us. There's it going to pump.
- 3:53Is this the Hopi amours? This Mass adoption?
- 3:55I don't know. But man, I saw this tweet from
- 3:58guys Swan as well. And I think this just sums it
- 4:01up. Perfectly look guys Swan says I
- 4:028 percent yearly inflation after nine years.
- 4:05A million dollar retirement pension plan will only have 472
- 4:09K and purchasing power. The real inflation rate measured
- 4:13by 1990s rules is closer to 15%. So a nine years at 1 mil becomes
- 4:19213. K do people understand how much
- 4:22they are being robbed? So guys, I don't know if people
- 4:26are waking up to this narrative, but if you go back to these
- 4:29numbers guy, Guys, it seems like we have more hollers out there.
- 4:32And man, I think people are starting to feel inflation.
- 4:36The inflation narrative can't be held down much longer, we're
- 4:40seeing it everywhere. It's the prices are getting more
- 4:43expensive for everyone out there, guys.
- 4:45You, they can't hide it. So we get more hot layers.
- 4:48I don't know. Nico, Phil, what are your
- 4:50thoughts, dude? Phil.
- 4:53So, how would comfortable do you feel Optimus?
- 4:55Please. Stop sharing the screen so we
- 4:56can go back to the viewer. But you did a great job my
- 4:59friend. And I, I saw, I heard a little
- 5:01bit of nervousness in your voice.
- 5:02You want, you killed it, my friend.
- 5:04So yeah, dude. That's a lot of signal, right?
- 5:07The glass node. This is something that we've
- 5:09been telling you guys for a long time, right?
- 5:11The percentage of Bitcoin that hasn't moved in a long time
- 5:15continues to go up. In fact, it's actually at a
- 5:18higher Point than it was at the previous all-time high last year
- 5:22right about a hunt, what a hunt really since because there was
- 5:26to all-time Highs. But the really important one was
- 5:28the runner-up. Of the before the summer of
- 5:32twenty Twenty-One, right? The the all-time high in
- 5:35November it was it was I really wouldn't consider that the
- 5:39run-up, right? So, the signal there, right?
- 5:43Is that more? There's more hot Oilers now than
- 5:46there was in that previous all-time high.
- 5:49Now, in terms of the inflation. Yeah, dude, listen, they're
- 5:53trying to spin it and so many which ways possible.
- 5:57Right. It's Putin's fault.
- 5:59It's You know, it's the, you know, the sickness the virus,
- 6:03that's the that it's that full, it's a supply chains, there is
- 6:06no inflation, is transitory inflation.
- 6:08But here's the thing about inflation, right?
- 6:10And I was actually talking to a buddy of mine about this over
- 6:12text today, no matter how much propaganda you throw on it.
- 6:17The sticker shock does not lie. When you go to the store and you
- 6:21try to buy some milk or some eggs, right?
- 6:25It does. It matter what the people on TV
- 6:27are telling you at the end of the day, That is hurting your
- 6:31wallet, that is hurting you and you don't care and you want
- 6:35answers. Why?
- 6:36Because it threatens, your family, it threatens your
- 6:39ability to put food on the table.
- 6:41So yeah man. These are overall bullish,
- 6:43bullish stats for Bitcoin, and the round of applause for
- 6:47optimists For the First Time hosting the number section.
- 6:50Now, Phil, how uncomfortable did that make you feel?
- 6:53Yes. Very wasn't ready for that but
- 6:56it was awesome. You did a great job.
- 6:58I thought that was amazing death.
- 6:59At the, you know what, I would say better than when we did our
- 7:02first episode, it was it was and for you guys, it was, I'm gonna
- 7:05play a clip of the first time. Ha ha ha.
- 7:08So you guys you see it. What's up guys?
- 7:10Welcome to the first episode of Simply Bitcoin happening
- 7:14Bitcoin, accumulation country. You should I was re watching the
- 7:18First episodes, and guys, you guys all have to go watch this
- 7:22first episode and troll, Nico and Phil on how far they've
- 7:25come. They are literally so good.
- 7:27Like, if you see the first episode and now now it's
- 7:30literally amazing. It was so bad.
- 7:32Okay, but anyways, going back to going back to what he covered.
- 7:37All we keep seeing her, these bullish stats writes, these
- 7:39bullish class notes stats about, you know, the the amount of
- 7:42Bitcoin that's not moving the amount of Bitcoin that's leaving
- 7:44exchanges. So I have one question who the f
- 7:48is selling? Who the who the hell is selling
- 7:52all that tells me? Is that the that look, there's
- 7:56maybe enough powerful people out there that are possibly trying
- 7:59to create the story, where, you know, it wears people down, you
- 8:03know, that, that is something that I've heard.
- 8:05I don't know if it's really true.
- 8:06I, of course, don't have the capability to, you know, figure
- 8:08out if it is true. But I do know that in stocks
- 8:11that does happen as well where you will have stock activity
- 8:14that will essentially wear down the holder right or in our case,
- 8:18the hudler and Face it, you know if your convictions not strong
- 8:21enough you're like all right Bitcoins dead I'm out of here,
- 8:24keep in mind. Bitcoin has continued to die on
- 8:26its way up. Okay.
- 8:29When you think it's dead just when you think all right, I'm
- 8:31done. Hardly just huddle one more day,
- 8:33okay? Like that's and and you know I
- 8:35had to use that myself and I think you brought up a really
- 8:38good point. Feel right?
- 8:39It look, if you're into Bitcoin as an investment vehicle, right?
- 8:44The volatility is going to be tremendously difficult if you've
- 8:48done the work, right? Right?
- 8:50And you're in it for the revolution, the peaceful
- 8:52Revolution, right? You're hot.
- 8:54You're holding Bitcoin because you'd know that if you sell it,
- 8:58what are you selling it for dog shit?
- 9:00Literally, that is Fiat money. They could print it out of
- 9:03nothing, right? So think about it.
- 9:05If you sell Bitcoin, you're selling into what?
- 9:08What it, what is better than Bitcoin, right?
- 9:10So but I think that takes a lot of time.
- 9:12A lot of work to have to get that understanding.
- 9:15Anyways, I'm going to pass it on to our favorite decentralised
- 9:19homeless person that Six of the memes for simply Bitcoin, the
- 9:23legendary wine, a kiss. What are your thoughts on this?
- 9:26I saw the inflation numbers and all I have to say is not my unit
- 9:30of account, not my problem so no.
- 9:34But in all seriousness, I think it's great.
- 9:37That the numbers are a little bit down in terms of Bitcoin
- 9:41price because if you're somebody like us, that's stacking
- 9:44constantly you want to get as much cheap Bitcoin as possible.
- 9:48So inflation up Bitcoin down sideways chop.
- 9:52Good time to hit your stack and goals and yep.
- 9:55And if you're someone like whiticus they gets paid by Nico
- 9:58to make memes. It's awfully much better.
- 10:00The Bitcoin price being down so he can get more sets, sneaky
- 10:05sneaky schrieffer and that is the wine.
- 10:08Anyways, fill inside for daily fail brought to you by Ember
- 10:14app. Check them out.
- 10:16Amber dot app. A stacking app by actual
- 10:20Bitcoiners low fees Fair, spread smart automation.
- 10:24The link is down below ammo, smart.
- 10:27Wait, stop sounds. So, obviously Corey Swan is not
- 10:32the fail. Okay, it's the screen shots that
- 10:35he took and big shout out to Cory and Swan Bitcoin, we love
- 10:39them or channel of them. Anyways, we are diving into
- 10:42this. This a great tweet.
- 10:43A laugh out loud at at defy indeed.
- 10:47Such decentralized and look guys.
- 10:50As this is what we've been telling you from the beginning,
- 10:52let's dive into the screenshots. Here we go.
- 10:56What is Eunice swap? It's a completely different type
- 10:58of exchange. That's fully decentralized.
- 11:00Meaning it isn't owned and operated by a single entity and
- 11:02uses a relatively new type of trading model called an
- 11:05automated liquidity pool. Well, that sounds promising,
- 11:09that always sounds like what is a protocol protocol protocol.
- 11:12Thank you. You saw the word big trouble.
- 11:15If both of us, can't read like, we're totally fucked.
- 11:18No. What do you mean?
- 11:19It's more entertaining. Payment metal.
- 11:22It's like it's like a weird people have to guess, like is
- 11:27what they're saying, actually, what they're reading.
- 11:29Nobody knows. Okay.
- 11:31Anyways, you're actually very true.
- 11:32This is very true. He knows we don't even know.
- 11:36Okay, here we go. Like it would be, it would be,
- 11:37it would be absolutely hilarious.
- 11:39What they felt like Nico. I mean, I like Phil.
- 11:41What does that word say? You're like, I don't know if
- 11:45she's coming on, moving on from that word, we we don't know.
- 11:51I'm gonna try to paste the story.
- 11:52Okay, here we go. All right, so here's a, I don't
- 11:55know, this don't know if it's a tweet or anyways, the message
- 11:58here we go. From some shit.
- 11:59Coiner. I strongly advise against using,
- 12:03you know swap, right? We were just telling you how,
- 12:05you know, swap is touting itself is decentralized.
- 12:07And here we go. There's a blocked address.
- 12:08This address is blocked on the Unis swap Labs interface because
- 12:13it is associated with one or more blocked activities.
- 12:17So guys even worse, even worse if you Yeah, the newer
- 12:21compliance Hyuna slop, okay, you're absolutely right.
- 12:25And guys this is exactly look, you know, before we dive into
- 12:29the the you know, before we dive into the heavy part of this
- 12:31fail, this is what we've been telling you, right?
- 12:34It's decentralized in name, only.
- 12:37This is all hocus-pocus. It's all magic.
- 12:40We actually covered we covered. There's an issue with you and
- 12:43swap that we covered last week and even explained, it's not the
- 12:48centralized right here. There's Eunice swap.
- 12:50Labs to Central entity they were not just making this stuff up,
- 12:55you know, and here you go. You've got, you've got evidence
- 12:57people's, transactions are being blocked by a central entity and
- 13:01as Nico pointed out, you can email their compliance
- 13:04Department, dude. The fact, the fact that they
- 13:08have a compliance Department tells you that it's exact.
- 13:12It's what I've been telling you guys is a continuation of the
- 13:15old system look. If if a cryptocurrency does not
- 13:19have Efficiency decentralization it will inevitably be captured
- 13:24by government by the state. There's only one cryptocurrency
- 13:28that it's able to do that and that is Bitcoin.
- 13:30The rest are centralized. There is a central point of
- 13:34failure, right? With etherium.
- 13:36We've brought you guys a receipts many times seventy
- 13:39percent. It's estimated 70% of the theory
- 13:41of nodes run on servers about 43% run on AWS servers.
- 13:45Meaning Jeff Bezos could fuck aetherium.
- 13:49So Hard, right, xrp. It's the same, right?
- 13:52It's a bunch of notes, right? That the xrp people run
- 13:55themselves, if you want to run an xrp node, you have to be
- 13:58approved by the Ripple Foundation themselves, it's like
- 14:01it's ludicrous, right? And the reason that they all do,
- 14:05this is because they they try to sell you that oh look.
- 14:08We have so much more functionality than Bitcoin,
- 14:11right? Bitcoins boring Bitcoins old
- 14:13right Bitcoin is the way that it is because it values the
- 14:16centralization above all. And if you really want to Great
- 14:20money from State. The only way to do that is with
- 14:23a decentralized cryptocurrency because there is no metaphorical
- 14:27head to chop off, right? And again, we've been saying
- 14:30this for the longest time, I'm just happy that look and an
- 14:34actual example, has finally popped up in the Wilds, right?
- 14:37So yeah, shout out to Cory for taking a screenshot of that.
- 14:41Anyways, I'm going to pass it on to the legendary Optimus Fields.
- 14:45What are your thoughts on this? Well, I was on this show last
- 14:49week. I forget what the fail was but I
- 14:51said play stupid games when stupid prizes and we're back
- 14:56saying the same thing. But guys it it's what Nico and
- 15:00Philbin telling you guys. It's like most of these shit
- 15:03coins are companies and if you've read any of the early
- 15:06Works my favorite one from Zaba, You Know, trusted third parties
- 15:10are security holes. Guys, we're here to create a
- 15:13different system. Not recreate the cistus same
- 15:16system but worse. So guys, you guys got to get
- 15:19out. Of your shit coin.
- 15:20Hope IAM bags and understand that Bitcoin is the way and your
- 15:24life will get so much better. It's really that simple.
- 15:28It really is, dude, it really is.
- 15:29When you change your unit of account to something that isn't
- 15:33stealing from you consistently. Yeah, dude.
- 15:36I completely agree, man. It's you know it gives you hope
- 15:39for a future whereas before there was none.
- 15:41Anyways, why to kiss? What's up, dude?
- 15:45What are your thoughts on this? I mean, I can't believe that I'm
- 15:49still seeing Inga stuff after many, many years.
- 15:51And I mean, there's a whole segment of this show that
- 15:55launches every day called simply Bitcoin, covering the stuff.
- 15:58So, the fact that you have enough content daily fails, it's
- 16:04just never ending like one or people going to realize what's
- 16:07going on. Like I don't know I've been
- 16:08hearing about this stuff already for years and years and it never
- 16:11ceases to amaze me dude. I wanna kiss you know what it is
- 16:15if we're to toxic right? We're just toxic Illiterate
- 16:21point maximalist, right? A literate, we just don't
- 16:24understand but heck that one is actually that we don't actually
- 16:27standing ovation better. One is actually true though.
- 16:31Mika can't confirm if I know it's a lot but all that other
- 16:36stuff is false but I always use the literal part.
- 16:40They maybe they have something there my way, right?
- 16:43By the way, I'm not the only Bitcoin Ur by the way that
- 16:45suffers from this too because I think been the car man, we can't
- 16:49spell either. Either can't can't read anyways.
- 16:51So it's, I'm not the only one. All right, I think it has to do
- 16:55with the autism, maybe. Anyway.
- 16:57Spill what is what is the last fail?
- 16:59What's the big radio today? What's the big boy?
- 17:02Get ready. Here we go.
- 17:03Okay, so this is going to, you know what, this might even this
- 17:08might even rattle why nicus as a as a world traveler.
- 17:12Let's uh, let's get rattled the bro.
- 17:14I know he doesn't but he might, he might get rattled by this
- 17:17one. Anyways, here we hear is about
- 17:18memes and That's it. That is what.
- 17:21I'm just riffing and traveling, traveling, three things.
- 17:25All right. Well, you know what?
- 17:26I'm going to be interested to see what he thinks about this.
- 17:27So, Tyler carditis CEO of Blaze media.
- 17:32Not a small account, here we go. Are you paying attention on?
- 17:36Let's read these two. These two tweets and and just
- 17:39keep in mind, right? This show is about Bitcoin
- 17:41doesn't matter who the politicians are, it's about the
- 17:43message, let's dive into it. Here's the first tweet from
- 17:46Barack Obama. As part of this Tech platforms
- 17:48need to recognize that the I play a unique role in how people
- 17:51consume information and their decisions have an impact on
- 17:53every aspect of society. With that power comes
- 17:56accountability and the need for some democratic oversight.
- 18:03Now, let's read this tweet from from Hillary Clinton.
- 18:06And you can see right here by the dates, right?
- 18:08This is April 21st 2022 for too long tech platforms.
- 18:13Have Amplified disinformation and extremism with no
- 18:17accountability. The EU is poised to do something
- 18:22about it. I urge our transatlantic allies
- 18:25to push the Digital Services act across the finish line and
- 18:30bolster global. Democracy before, it's too late
- 18:35there that is again. So we go back over here.
- 18:39That pot with that power comes accountability and the need for
- 18:42some democratic oversight. Bolster Global democracy before
- 18:48it's too late. And again, they're talking about
- 18:51the information. The quote-unquote
- 18:53disinformation. On the internet.
- 18:57Now I got to admit I never heard of the Digital Services act
- 19:01before I found those tweets before I found that tweet.
- 19:04So I have to go and dive into it and I decided that I would share
- 19:08this with everybody. So let's take a look at this,
- 19:11here's the EU website. Okay, let's take a look at the
- 19:14Digital Services act, ensuring a safe and accountable online
- 19:18environment. We provided a link to their full
- 19:21paper so that people can read it.
- 19:23We're not going to go through that.
- 19:23We're really just going to go through the website which
- 19:25Highlights. The more important points about
- 19:29the paper and what you should be quote unquote concerned with.
- 19:33Okay, so let's dive into it here.
- 19:36Let's just take a look at their little intro for the first time.
- 19:40A common set of rules on intermediaries obligations and
- 19:43accountability across the single Market will open up new
- 19:46opportunities to provide Digital Services across borders, while
- 19:50ensuring a high level of protection to all users, no
- 19:54matter where they live. Live in the EU, okay.
- 19:58So we're going to protect you and this is all going to be one
- 20:02single Market. All right, here we go.
- 20:05What are the key goals of the Digital Services act?
- 20:09The new rules are proportionate Foster Innovation growth and
- 20:13competitiveness and facilitate the scaling up of smaller
- 20:16platforms. I'm pretty sure that we weren't
- 20:20really having a problem with scaling up smaller platforms,
- 20:23Facebook started on a Which campus, you know, Apple started
- 20:29in a garage. I I don't think that smaller
- 20:32platforms really anyways. You know what?
- 20:34I digress, we're going to continue moving on here, but
- 20:36let's just keep in mind the narrative that they're trying to
- 20:41sell, right? Because at the end of the day,
- 20:43they're trying to sell people on a service that's going to help
- 20:46them. So, here we go.
- 20:47Better. Protect the consumers, and their
- 20:49fundamental rights online. Establish a powerful
- 20:52transparency. In a clear accountability
- 20:55framework. Work for online platforms,
- 20:58Foster Innovation growth and competitiveness.
- 21:00Within the single Market, they keep mentioning single Market.
- 21:05By the way, throughout this for Citizens, what does this mean
- 21:09more Choice? Lower prices less exposure to
- 21:12Illegal content who decides, which is illegal, who decides,
- 21:16what's the illegal number one? But number two, if you're not
- 21:19looking for that content, you're really not going to find it.
- 21:22I'm really sorry. Like you don't just stumble onto
- 21:25a frickin. Sites selling heroin.
- 21:27That's not how the internet works.
- 21:30Okay. I know that people like to think
- 21:32that that's what happens, but it's not.
- 21:34Anyways, for providers of Digital Services, legal
- 21:39certainty, harmonization of rules easier to start up and
- 21:43scale up in Europe. If I'm not mistaken, isn't this
- 21:46an issue with the legal system has nothing to do with with an
- 21:49online presence? This has nothing to do with
- 21:51accountability online. Anyways, I digress for business
- 21:55use. Users of Digital Services.
- 21:57More Choice. Lower prices.
- 21:58Boom. They're getting the same thing
- 21:59as the citizens more Choice. Lower pets.
- 22:01Like a copy and paste access to eu-wide markets.
- 22:04Through platforms. Anyone who opts in?
- 22:07I'm sure Level Playing Field against providers of illegal
- 22:11content. Fuck does that?
- 22:13Even mean, what is that? Who, who decides what is he
- 22:17legal content or not? Well, just wait and he coaches
- 22:21way we're going to find out who decides that for society, its
- 22:25large greater Democratic control and oversight over systemic
- 22:29platforms mitigation of systemic risks, such as manipulation or
- 22:34disinformation. Okay?
- 22:36So here we go, which providers are covered, right?
- 22:39Because there's all different types of service providers on
- 22:42the internet. And this website has done a
- 22:44really great job of separating this out for us.
- 22:46So let's take a look. We've got intermediary services.
- 22:49Network infrastructure. Intent internet, access
- 22:52providers domain name. Registrars, also, including
- 22:56hosting services such as cloud and web hosting online
- 23:00platforms. Bring together that bring
- 23:02together Sellers and consumers such as marketplaces app stores.
- 23:06Collaborative, economy, platforms what falls under that
- 23:12banner and social media platforms and then very large
- 23:16online platforms that pose particular risks.
- 23:19It's in the dissemination of illegal content and societal
- 23:23harms. This is interesting.
- 23:24The specific rules are foreseen for platforms reaching more than
- 23:2710% of 450 million consumers in Europe.
- 23:30So for them, it all that matters is the amount of reach that the
- 23:34platform has. So therefore, we must impose
- 23:37these rules. Now we're getting to the point
- 23:39where we're going to start to look at what these rules are.
- 23:42Okay? This part I just found
- 23:44interesting because I saw this happen in Canada, I started a
- 23:48small business when I was in my early.
- 23:49Early 20s. And the amount of red tape that
- 23:52you go through is insane and it raises the barrier to entry for
- 23:56anyone wanting to start a business.
- 23:57So I wanted to point this out micro and small companies will
- 24:00have obligations proportionate to their ability and size while
- 24:03ensuring, they remain accountable, because I'm really
- 24:06sure that they're figuring out what every independent
- 24:08businesses costs are for staying online and figuring out if what
- 24:13their quote unquote charging to be accountable is suitable or
- 24:16acceptable or even affordable anyways.
- 24:19So now we dive into the list of these new obligations.
- 24:22Now look, we're not going to go through every single one of
- 24:25these things because it is just going to take forever, okay?
- 24:28But I want us to pay special attention to certain things.
- 24:31Okay, at the top here, we've got the different types of services,
- 24:34I just read off the intermediary, the hosting the
- 24:37online, the very large platforms, along the side.
- 24:39You have these new obligations that they're going to have.
- 24:42And here you can see each of these platforms, what they're
- 24:45going to have to oblige. To one of them is trusted.
- 24:49Ligers. This is very interesting and
- 24:52we're going to come back to it a little further down in the
- 24:54article. But I want people to remember
- 24:56this one. And you'll notice here for the
- 24:59online Platforms, in the very large platforms, you'll notice
- 25:02that they have certain, they have certain responsibilities,
- 25:06that the others that the others don't.
- 25:08And then as we get to the bottom, the largest platforms,
- 25:13have these very specific responsibilities risk management
- 25:17obligations and compliance. Sir external risk, auditing and
- 25:22public accountability. Transparency of recommender
- 25:25systems and user choice for access to information data,
- 25:28sharing with authorities and researchers.
- 25:32This means you're going to be mandated, like, there's no and,
- 25:34and don't get me wrong. The Mandate is complete
- 25:36bullshit, but in terms of, in legal jargon, the second, you
- 25:39use the term mandate. That's it.
- 25:42I have to do this. I have to comply.
- 25:43I must comply. Anyways, codes of conduct crisis
- 25:48response. Should I don't even know what
- 25:51that who knows what that even entails.
- 25:54What about so you know the old Trope, write it.
- 25:57If the government will create a crisis in order to get more
- 26:00power, right? So it's like what Perpetual
- 26:04climate does that a crisis, right?
- 26:09This it is it anyway I'll just I'm gonna go ham but yeah, okay,
- 26:14yeah, no don't worry. We're gonna go home after this
- 26:16like check this out. Okay.
- 26:17So here they break it down, right?
- 26:18And this is where we're going to learn about the trusted
- 26:20flaggers, check this out. So what this means, right?
- 26:24What? All of this Digital Services act
- 26:26means measures to counter illegal Goods, services, or
- 26:30content online such as a mechanism for users to flag such
- 26:35content and for platforms to Eight with trusted flaggers.
- 26:41That's right. We're about to start having
- 26:42mandated reporters online. Get ready for that.
- 26:46This is nuts at least for the EU.
- 26:49Anyways, new obligations on traceability of business users
- 26:52effective, safeguards for users including the possibility.
- 26:55This is, this is kind of insane to challenge platforms content,
- 26:59moderation decisions. That's right.
- 27:01You may own the domain, you may own the website, but somebody
- 27:04else from their organization can come in and challenge your
- 27:08moderation decision on your own content, they make the rules.
- 27:13Not your rules, not our rules are rules anyways.
- 27:17Obligations for very large platforms to prevent the misuse
- 27:20of their systems by taking risk based action, and by independent
- 27:23audits of the risk management systems, who's going to audit,
- 27:26who's going to audit this which businesses, and how do we know
- 27:29that they're not government is man, they bureaucrats.
- 27:33It's such a load of nonsense access to researchers to key
- 27:36data of the largest Platforms in order to understand how online
- 27:39risks evolve. Okay.
- 27:41Did you do you know why I highlighted Listen yellow
- 27:43because this means all of the data is going to be tracked
- 27:46because guess what? They don't know how the risks
- 27:50evolved without analyzing all the data, that's just the honest
- 27:53to God truth. It's not just key points, it's
- 27:55all the data. That's how they do it.
- 27:57They aggregate it all and then they filter.
- 27:59Anyways, oversight structure, to address the complexity of the
- 28:02online space, remember Niko, you were trying to figure out, you
- 28:04know, who's going to enforce these rules EU countries will
- 28:06have the primary role supported by a new European board for
- 28:11Digital Services. A very large of for very large
- 28:16platforms, enhanced supervision and enforcement by the
- 28:20commission. That's right.
- 28:21Nico the commission. Once adopted, the new rules will
- 28:25be directly applicable across the EU.
- 28:28Now notice there's nobody voting on these rules.
- 28:30There's nobody discussing this, it's simply just when they're
- 28:36adopted, it's a guarantee. You're all just simply going to
- 28:40take it now before I move. Heard it to Nico on this.
- 28:44I just, I just want to point out in my eyes after reading through
- 28:48this. The, the only thing that I can
- 28:51conclude is that this is a goose step one step closer to the
- 28:58digital identity, the enforcement of a digital
- 29:03identity. And this brings us one step
- 29:05closer because by making all of the corporations and all of the
- 29:09online business places. Essentially, we were making the
- 29:13The mandated reporters. It's creating this.
- 29:18This completely exclusionary intranet, where you everything
- 29:24you do, is entirely tracked and identified, and filtered and
- 29:29essentially put into a bucket and this is scary as hell.
- 29:33And the reason why I showed those first two tweets from
- 29:36Obama and Hillary is because look, we've got politicians in
- 29:40the United States that are cheering this Here.
- 29:43And this, this is the death of true online, freedom, and
- 29:47Innovation. I mean, it is just completely
- 29:49insane. I don't think that it Fosters
- 29:51innovation in any way, shape, or form.
- 29:52All I do, I think it just creates a moat and more red tape
- 29:55and not meant to do that. It's under the guys, like this
- 29:59is for the public good. This is public, whatever.
- 30:01But but kind of back back up a little bit.
- 30:04Why is this happening, right? So this really this movement
- 30:09started back in 2016 When Donald Trump got Elected over Hillary
- 30:14Clinton and the reason that Donald Trump was able to get
- 30:17elected was because he leverage the internet to circumvent The
- 30:21Gatekeepers by using Twitter by using Facebook, right?
- 30:26And what's happening right now, is that the most popular
- 30:29broadcasters, right? Are independent content,
- 30:33creators, right? Because they're telling the
- 30:35truth. So, their usual ways of
- 30:37controlling the narrative, right?
- 30:39Like how they were able to sell the American public on the Iraq
- 30:42War. Through Legacy Media
- 30:44institutions, right? Like the New York Times, Like,
- 30:47You Know, CNN Fox News. All of those places the public
- 30:51trust because they not only, they Gaslight us, they straight
- 30:54up lied to you. A large percentage of the
- 30:58population is starting to wake up to it.
- 31:01And they're saying, nah and the fact, and, and let me tell you
- 31:05how scared, these people are losing control of the narrative
- 31:09and losing control of it the reactions to to Or possibly
- 31:13being taken over by Elon Musk and you have, you have Anna
- 31:18prior American president and up up a president political
- 31:21candidate who was Secretary of State openly calling for
- 31:26censorship and that is completely against the First
- 31:31Amendment of the United States. They know they can't pass this
- 31:35here in this country but what they can do is that they could
- 31:39pass it in Europe and then make it very difficult.
- 31:43For those tech companies, right? To kind of have, you know, rules
- 31:47for for the United States and rules for Europe.
- 31:51Why are they doing this? Because they are losing the
- 31:53internet. Essentially, it disintermediated
- 31:57information. So, all of a sudden, you have
- 32:00millions upon millions of people, talking amongst each
- 32:03other, right, circumventing The Gatekeepers of the official
- 32:10truth. So, they don't know what to do.
- 32:13They're losing their minds. You have Barack Obama, literally
- 32:18openly, there is a speech, I'll try to play a clip for you guys
- 32:21but he openly called right? Like like he said the
- 32:26information that I don't deem, okay is sewage raw sewage
- 32:31understand, it's not necessary for people to believe this
- 32:35information in order to weaken Democratic institutions.
- 32:41You just have to flood a country's Public Square with
- 32:44enough raw sewage. You just have to raise enough
- 32:48questions, spread enough dirt. Plant enough.
- 32:54Conspiracy theorizing. That citizens no longer know
- 32:59what to believe. You know how insane that is.
- 33:03And this is exactly why the founding fathers created the
- 33:07first amendment the way it was because the bureaucracy like in
- 33:11the in this case of Europe or the people or the bureaucrats
- 33:15that get that get to decide what is misinformation and what is
- 33:19not misinformation are going to become tyrannical, you don't get
- 33:24to decide what is the truth. The truth is the truth.
- 33:28People get to decide on their own.
- 33:30What is the truth, but the central planners They want to
- 33:34get to decide. What is the official narrative
- 33:36for you? It is not a coincidence that
- 33:40Barack Obama and Hillary Clinton tweeted this.
- 33:42At the same time, we are winning.
- 33:45They're losing control and they're freaking out because of
- 33:48it. And guys, by the way, that word
- 33:50democracy, okay? Bitcoin is not democratic.
- 33:58Bitcoin, does it move to the Mob?
- 34:01It's up to the individual, to get to decide what type of
- 34:06Bitcoin software they want to run or not.
- 34:10No matter how much voting power control, the mob.
- 34:13The government does not matter, Bitcoin does not move.
- 34:17So what happens if this passes? What's next?
- 34:22Bitcoins illegal, you can't talk about Bitcoin in in in Europe.
- 34:27You mentioned Bitcoin though that that you know that giant
- 34:30bureaucracy. No, you can't say those types of
- 34:32things. This is, I wouldn't call it
- 34:37communism. I would say this is more so
- 34:39fascism. This is the merger of big
- 34:42companies and the state and it's absolutely disgusting.
- 34:46And this is exactly, you know, the, the Davos, the world
- 34:49economic Forum agenda, it's clear and present, you know?
- 34:54But they wouldn't take these creatures.
- 34:56First out of the closet. If they weren't in fear of
- 35:02losing the inevitable, they're going to lose this.
- 35:05Eventually the truth is always going to surface always it's
- 35:09always going to get out there it did it in the Soviet Union as
- 35:12well, everybody knew. But there's this really good
- 35:15quote from Alexander solzhenitsyn and he wrote this
- 35:19really great book called the gulag archipelago and it
- 35:21basically describes, you know, his experiences in the Soviet
- 35:25Union, the quote that I want to say is, we know they're lying.
- 35:29They know they're lying and they're lying anyway right and
- 35:33we are at this moment in history where these people are literally
- 35:38willing to lie to your face and they don't give a shit.
- 35:42You saw that with with the truckers in Canada.
- 35:45You saw that with Trudeau. They don't give a shit and the
- 35:50fact that you could Talk Amongst each other drives them crazy and
- 35:54the fact that you can transact amongst each other and they
- 35:57can't stop you, which is what Bitcoin enables that the word
- 36:02above crazy meltdown. I have no idea anyways.
- 36:06Why did KISS? What are your thoughts on this?
- 36:09Well, I have chills just listening to you, but I'm going
- 36:12to say that. I find it pretty ironic, how
- 36:14they put the word Democratic in front of anything.
- 36:17Making it seem like it's okay like Democratic oversight as if
- 36:21you have some sort of choice. Well, I'm going to
- 36:24democratically run my own node and there's nothing they could
- 36:27do about it. But I'm going to say one thing
- 36:29that actually think this is a good thing because, you know,
- 36:31what? It's going to cause people to
- 36:33see the control that they're trying to get and it's going to
- 36:36cause businesses to move from those jurisdictions.
- 36:39It's going to cause people to actually want to host their own
- 36:41information. So in the grand scheme of
- 36:44things, the whole sovereign individual thesis really plays
- 36:47out. I mean, that's what happened in
- 36:48the last couple of years, people started losing trust in
- 36:51institutions and governments and I think this is just another
- 36:54step right up. I don't think people are going
- 36:56to want to be KY seeing into the internet to use certain websites
- 37:00or things like that. So maybe the sheep and normies
- 37:03will continue doing it at, but the right people will move or
- 37:07they'll move their businesses. Is digitally, right?
- 37:10Like do host whatever information they want outside of
- 37:12Europe if they have to so causing more problems I mean I
- 37:16don't know what these governments are thinking like
- 37:18trying to create these problems that don't exist and I don't
- 37:22know. Like, are they bored?
- 37:23Just go outside. Get some sun like it's going to
- 37:26do, they're vampires. I mean, to be honest with you,
- 37:30I'm just going to drop it. It did we don't get political on
- 37:33this channel, but there's a certain line that you cross
- 37:35their fucking Communists. That's why their Central They
- 37:39think they could plan these economies.
- 37:41They think they could plan it better than everyone else can,
- 37:44that's just how it is. That's what they are.
- 37:47Right? That it what I'm seeing there,
- 37:49right? And in it's funny because the
- 37:55North Korea Nation, right? There's he's really famous
- 37:58satellite pictures and you see the division between North Korea
- 38:01and South Korea, right? And North Korea is completely in
- 38:04the dark, right? It's a communist country but the
- 38:07name of The country is called the Democratic People's Republic
- 38:12of Korea. Yeah.
- 38:14Yeah. So, like, dude, it's just it's
- 38:17insane. It's insane.
- 38:18I don't know what else to say. Optimists words, dude.
- 38:21It's just it, dude, it, but it's it's hidden behind moral virtue
- 38:25and goodness. We're gonna make it cheaper.
- 38:28We're gonna make it this but it never does.
- 38:31Its false promises and you're giving up your Liberty, right?
- 38:35What's that quote by Benjamin Franklin, right?
- 38:37Your if you Up your, if you give up your liberty for safety, you
- 38:42deserve neither, right. Will have none, right?
- 38:44Yeah, that's what you're doing, right?
- 38:46So, you're giving up your Liberty for this so-called safe
- 38:49internet, right? Anyways, it's absolutely
- 38:52Bonkers. Optimus, what are your thoughts
- 38:53on this? Well, first off, so much sauce
- 38:56right there, guys. Way too much sauce for the
- 38:58people, but first, your estate guys is anything.
- 39:03Obz and Hillary say, like, instantly, you just do the
- 39:07opposite of. So, So like I just fundamentally
- 39:11whatever they say, I just think the opposite and I know that to
- 39:14be true so you guys should work off this heuristic as well.
- 39:17It's a pretty good heuristic to live your life by but to further
- 39:21you know add to the point here you know what Nico and filler
- 39:25saying is absolutely terrifying. And also on point like if you're
- 39:30not following along as closely as we are over here, I'm simply
- 39:33Bitcoin. Then this may be slipping
- 39:36through the cracks and you may think that oh, You know, these
- 39:39conspiracy theorists out here are, you know, seeing things but
- 39:42when you're really this close to the information and you see
- 39:45what's happening, you understand that there is a cohesive attack
- 39:49against Bitcoin. And this is the then they fight
- 39:52you stage, guys. So the Fudd is out there, they
- 39:55are coming at you right now from all angles and like Nico and
- 39:58filler. Something like we are the media,
- 40:00not just us here at simply Bitcoin but everyone out there
- 40:03that's on bitcoin Twitter. That is meaning that is creating
- 40:06new Bitcoin ways to spread the The orange pill and also just
- 40:10meeting your friends and family like guys where the media, we're
- 40:13the ones that are in control because they are freaking losing
- 40:16their minds out there and they're throwing anything and
- 40:18seeing if it sticks and we just keep winning guys.
- 40:21So, keep memeing keep doing what we're doing and just double down
- 40:24guys. Just keep keep going hard cuz
- 40:27you can see it. You can see it.
- 40:29Absolutely color within the lines.
- 40:31Remember, there's a peaceful Revolution.
- 40:33Remember just the mere fact of you, taking self.
- 40:38Putting your Bitcoin into Cold Storage running a running a
- 40:43node. That's it.
- 40:44That's all you need to do. You opt out if enough people opt
- 40:48out we win and there's absolutely nothing they could do
- 40:53about it. This is the separation of money
- 40:55and state. We are living through it.
- 40:57Of course, it was going to be chaotic.
- 40:59Anyways, Phil it's time for the daily meme review brought to you
- 41:03by Citadel 21. It's the best Bitcoin cultural
- 41:06zeenat stories articles Comics by By actual bitcoiners, true
- 41:10pleb signal in this scene. Every volume has different
- 41:14artwork. This is volume 10.
- 41:16This is volume 11. It just came out and they're
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- 41:20made per volume. Get your physical print of
- 41:23Seville 21 today before it runs out.
- 41:25Alright, first meme is brought To Us by Bitcoin meme Library.
- 41:30By the way, is the meme review. Be review.
- 41:31Bitcoin memes anyway, says wake up.
- 41:33Neo, it's referencing Matrix movie.
- 41:36I could only show you the door. You're the The one that has to
- 41:39walk through it, Morpheus Tunis about the Bitcoin do.
- 41:41It's so true, man. It dude, orange killing people.
- 41:45You could only take them to the door but they have to cross the
- 41:48door. So it's a very deep meme.
- 41:50Love it. All right.
- 41:52It's by a fellow plead. John acts Osterman.
- 41:55I still love this mean it's been brought to my attention that
- 41:58you've been shit coining again. Bitcoin is the only way have a
- 42:01seat. Ha ha.
- 42:05Could you imagine like a principle like have a seat?
- 42:07Michael say, we're looking At you like that.
- 42:10Oh man. Okay.
- 42:12And I'm Anna from the zoo and there we go.
- 42:15My paycheck. It's true, it's true.
- 42:20Oh man, this is the best one. This is literally the best one.
- 42:22Yeah, proof of stake. It's all chained up as it has
- 42:26the master log and it just has a zip tie for that, that is
- 42:30absolutely hilarious. Extremely accurate.
- 42:33All right, moving on, this is extremely dangerous to our
- 42:35democracy. They're going to say that about
- 42:37Bitcoin, I guess. And T you because Bitcoin ain't
- 42:40Democratic bro. Okay, anyways, Democrat,
- 42:44Republican psychopath, absolutely love it.
- 42:48The bull, love it. Alright, moving on to the next
- 42:51one that SS facer virus, didn't work, fucking starve them, it's
- 42:57true. Almost you see all those food?
- 43:00All those food factories that are like spontaneously
- 43:02combusting, all of a sudden it's like dude, it's crazy man.
- 43:06These people man. Flu.
- 43:08Catches on fire. I'm gonna, I'm Gonna Keep
- 43:10doubling down if we don't separate money from State.
- 43:14We are fucked. Like totally different.
- 43:17You hear the what? Phil just read to you.
- 43:19Oh man. Okay, moving on.
- 43:21All right, I'm gonna have to enable the volume for this.
- 43:24So all right so so it is by Douglas Bonaparte.
- 43:29This is not really Bitcoin. I mean it is Bitcoin related
- 43:32actually but I don't know he's a blue checkmark so I'm cautious.
- 43:36But anyways, it's still hilarious Twitter bot.
- 43:38You mentioned Bitcoin. Oh, so I guess he's making fun
- 43:41of us but this is true. This is the power of the
- 43:43decentralized. Immune system.
- 43:45Are you ready for this? We're not Bots were real people.
- 44:11That's it, that's sort of similar coming and we're coming
- 44:13to shit on your thread. They don't understand they don't
- 44:15understand how it like it's like it's like what Jack Mahler says.
- 44:18Like, we will die on this hill, they don't Stand out like date.
- 44:21They still don't get that. We are not going back to their
- 44:25slavery, money. They don't understand that this
- 44:28is between slavery and freedom. That's what's at stake here.
- 44:32Anyways, for that. I'm gonna give it a shout-out to
- 44:36tone and his conference, the unconscious cannibal wristband.
- 44:40There you go. What about you, Phil?
- 44:42What would you give those memes? Well, you know what?
- 44:45It's too bad. I didn't have this for the show
- 44:47with David, okay, but I finally got The Bitcoin swag from
- 44:52represent so I'm giving it, I'm giving it my hoodie and I'm
- 44:55gonna do like I'm gonna do like a showcasing here.
- 44:58There you go, badass badass. Anyways guys, I'm working a
- 45:05little bit coin. Angel singing you go.
- 45:07I'm wearing it to you guys. Could take advantage of the link
- 45:10down below to get 10% off anything off the rep hard.com
- 45:15store and now they have Bitcoin merch and David told me that
- 45:19they're going to have even more Bitcoin Merchants are definitely
- 45:22want to go check that out. Anyways, Optimus, what would you
- 45:25give those memes? All right, great memes.
- 45:29Shout out Anna from the zoo also.
- 45:33I literally didn't know that chickens flew like that.
- 45:36I just thought they'd like waddled, they Glide, they can't
- 45:40fly fly but they could, like they could, you know, like they
- 45:42could. Yeah, there's some Savage
- 45:44chicken flying there. So anyways, very my review.
- 45:48I have right here on my desk. In orange seed signer.
- 45:54Okay, alright very good. Speaking of cherry.
- 45:57Nice. Surprise appearance from
- 45:58Satoshi. The Bitcoin chicken, he's
- 46:00supposed to only cluck when the price of Bitcoin or you said
- 46:02all-time high, but he got jealous because we were showing
- 46:04other chickens. So he had to, you know, well we
- 46:08are an educational show. So I mean, you know we we do we
- 46:10do like to show some science. Yeah.
- 46:12Now this is true science, science science.
- 46:15And we're also Psychopaths according to science scientists.
- 46:21It's anyways, wine. What would you give those memes?
- 46:24Well, it seems like Optimist and I are always on the same page so
- 46:29I'll give him mine. Green desire.
- 46:32That I own not actually built what democratically built?
- 46:36I gotta score. Okay, democratically Source, the
- 46:39parts. Yep.
- 46:40Democratic resource departments democratically.
- 46:43Getting this, my score shouts out to seat signer.
- 46:46Yep, seats. That we support, we support into
- 46:49we've donated to his Is awesome project.
- 46:51I think it's going to become more and more important, right?
- 46:54As perhaps maybe Hardware, while it's going to start becoming
- 46:57illegal to purchase a Bitcoin computer, air gap, Bitcoin
- 47:01computer, come on, Nico. Oh yeah.
- 47:03Are, there you go? Air gap?
- 47:05Bitcoin computer. This is true guys, it's gonna
- 47:08get nasty. So make sure to take self
- 47:11custody or Bitcoin run your own node, become sovereign
- 47:15individual. And if you could afford it start
- 47:18looking into second passports, that's good to anyone.
- 47:20Guys, we want to know if you agree with their skirts, you
- 47:22disagree. Let us know down in the comment
- 47:23section. Make sure to subscribe to us on
- 47:25alternative video platforms like Rumble.com and Bitcoin tv.com.
- 47:30Because, you know, they're doing a lot of sensory on Twitter.
- 47:32These days, I mean, on YouTube these days and Twitter to
- 47:34honestly, and, of course, make sure to subscribe, no, join our
- 47:38telegram group, and you can link us some dank dank dank Bitcoin
- 47:41memes to review. There's a lot of plebs in there
- 47:43as well, but anyways, Phil, it's time for the Daily News brought
- 47:47to you by crypto. Cloaks.com, they make some of
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- 48:00You can also get this in any custom color, your heart desires
- 48:03here, other colors, you know you got orange and black white, the
- 48:06simply Bitcoin colors, very cool.
- 48:09You can get this in pink if you want to.
- 48:11It's awesome. And you can take advantage of
- 48:12the link down below to get 5% off crypto cloaks duck.
- 48:16Huh day? Really Gonna focus on And this
- 48:21concept that we've been touching on a little bit, the importance
- 48:23of separating money and state. As long as state controls the
- 48:28money supply controls money democratically, right?
- 48:34Dude citizens will never be free.
- 48:37It's like as if they're being held hostage by this Mafia,
- 48:41right? And again like this is just it's
- 48:46just crazy, right? You're Ukraine bands, Bitcoin
- 48:50purchases. Has with national currency amid
- 48:53martial law, right? This is the same Ukraine that,
- 48:58you know, use the benefits of Bitcoin, right?
- 49:01They had a hunt, they had 100,000 separate crypto
- 49:04donations, totaling 54 million dollars, right?
- 49:09So they really, really loved it right?
- 49:11But now they're banning it and let's read a little bit more.
- 49:15The Ukrainian Central Bank is now prohibiting citizens from
- 49:18purchasing Bitcoin with the local Fiat.
- 49:20And see, I'm not even going to try to pronounce that as it
- 49:23attempts to curb Capital outflows under martial law,
- 49:26under the new rules, the National Bank of Ukraine is also
- 49:29limiting the amount of Bitcoin in Chicago and people could buy
- 49:33with foreign reserves and equivalent of 3390 per month.
- 49:38So it's, this is what I'm telling you there.
- 49:40It's like they're holding you hostage, it's insane.
- 49:45Anyways, and check this out, because it's hilarious, right?
- 49:49Regular payments. Broad and locally for goods and
- 49:52services. Do not fall under the umbrella
- 49:54of new restrictions. So if you use their money, no
- 49:58restrictions right. You know, the money they can
- 49:59censor the bank added as it seeks to limit quasi cash
- 50:04transactions. Didn't seem so fucking quasi
- 50:09when you guys raise fifty, four million dollars, huh?
- 50:13Anyways then I kind of dug through this Bloomberg article.
- 50:18There's some signal in here. Anyways the name of the Articles
- 50:20Ukraine's Bitcoin and shit coin, Banker describes how war is
- 50:24changing his life and in this article.
- 50:27Now I understand why they banned it and let's check it out.
- 50:32Like most of ukrainians, Michael choba choba 90 and sorry Isaac
- 50:37can't pronounce. That is Rita, Nico.
- 50:38Can't read is reaching for weapons on to defend his country
- 50:42from the Russian invasion. Instead of rifles, he's taking
- 50:45up something more, much more modern crypto, Michael 38
- 50:50oversees the country's growing digital currency War chest,
- 50:53which exceeded 60 million in late, March the result of
- 50:56international outpouring of support, right?
- 50:59So, you know, they took in all that money, it all that Bitcoin,
- 51:02right? But they made it illegal for the
- 51:03common citizen, to hold it for sure.
- 51:05What are your frustrations? Right.
- 51:07And, you know, they're interviewing Michael in this,
- 51:09right? And this is, this is what he had
- 51:11to say. And crypto, you're always
- 51:13prepared for the worse, you're prepared for the hackers or for
- 51:16the police raids or something like that health issues, stress
- 51:19internet access for me, personally, was the hardest.
- 51:22The rest was just business as usual.
- 51:24The state of the crypto Market. Obviously, has changed a lot
- 51:27cash, u.s. dollars in. Ukraine are pretty much useless,
- 51:32no one wants them. Now, let me go back to this,
- 51:36right? Regular payments abroad and
- 51:39locally for goods and services. Do not fall under the umbrella
- 51:42of new restrictions, the bank added, as it seeks to limit
- 51:45quasi cash, right? Let me go back.
- 51:51The state of the crypto Market, obviously has changed a lot cash
- 51:54US Dollars and Ukraine are pretty much useless.
- 51:58No one wants them prior to that dollars were the main payment
- 52:01method for the OTC market. Now, considering that you can't
- 52:05really move cash outside of the country.
- 52:07You don't, you can't, you cannot store it securely, no one really
- 52:10wants it. Now the most valuable form of
- 52:13money and Ukraine is crypto, but remember, it's quasi according
- 52:18to the government. Everyone wants crypto because
- 52:21this is the fastest, the most flexible easiest, less
- 52:25bureaucratic way to store and spend your money.
- 52:27Krypto is the new king of money and Ukraine.
- 52:32Now. Oh, now you wonder why their
- 52:33Bandit, right? Can't have the citizen, you
- 52:37know, do its thing. One of the run of the reasons
- 52:41crypto Dawson has been so high and that Ukraine is the highest
- 52:44history of instability of the late, Soviet era corruption and
- 52:47weak currency. What do you think will be the
- 52:49long-term Legacy of this war? The fundamental change is that
- 52:53before the war? There were a lot of Skeptics,
- 52:55especially in the government in the banks in the military.
- 52:57Now, there is no skepticism because they understand that, we
- 53:00save lives every single Go minute with Bitcoin and shit
- 53:04coin, but apparently not so much anymore.
- 53:07They would rather have control than save lives.
- 53:09According to this, right? You can't try to ignore it, but
- 53:13you can ignore when their families are actually fed fed
- 53:17with crypto or when the soldiers are dressed in bulletproof vests
- 53:20and helmets and crypto. You cannot ignore that
- 53:22especially considering that there is nothing you could do
- 53:25with cash. So all the Skeptics.
- 53:27Now understand that Bitcoin is shit Cohen is here to stay and
- 53:31it's really Convenient. So I guess that's the biggest
- 53:33fundamental change. Okay, so That was rated March
- 53:3831st. And they banned it for the
- 53:43average person. Called it quasi.
- 53:47But they definitely used it to raise money for their war
- 53:50effort. You heard it from self, you
- 53:52heard it from that guy, himself a Ukrainian.
- 53:55It's the most sought over currency over there.
- 54:01The hypocritical nist. Doesn't surprise me.
- 54:05The government is just following their own incentives.
- 54:07They're just trying to maintain control and power.
- 54:09That's just a simple as that unless we separate money from
- 54:13State. This will keep happening the
- 54:16bureaucrat the government. They're going to hold a giant
- 54:19Club over your head and they're going to say we're doing this
- 54:23for your own safety. Bullshit.
- 54:26And I'm so disappointed Ukraine and I know that the Bitcoin
- 54:30magazine they put they made a major bet on Ukraine.
- 54:33They opened you know a satellite office in the Ukraine like and
- 54:40there you go, dude, when the going gets tough for the
- 54:42government because people are choosing not to use the
- 54:44government money. Ban bullshit, dude bullshit.
- 54:49Anyways, Phil. Yeah.
- 54:52I you, look, you hit the nail on the head, right?
- 54:54The government you See, clear hypocrisy.
- 54:58And of course they don't give a shit because incentives, so look
- 55:02it was fantastic that they got 15 point of fifty four point
- 55:05eight million dollars in donations, through Bitcoin and
- 55:08shit coins. But at the same time, right?
- 55:12They can't have their citizens, dumping their, you know, dumping
- 55:17their local currency. They just can't have that
- 55:20because that's where the government gets all their power.
- 55:22So this is really interesting what we're starting to To see
- 55:25Nico because you essentially have governments to me when
- 55:29governments do that. It's the government saying, the
- 55:32only thing we know how to do is coerce you with violent money.
- 55:37So that's all we have to offer you.
- 55:40We don't offer any other value because you've been overpaying
- 55:44for subpar services that we force you to take.
- 55:48Like, it's just that they are at this point, right?
- 55:51Where they cannot provide value. That is my point.
- 55:53My point is, they know that they can't I'd value they know that
- 55:56there's nothing else to do and it's like, okay, you know what,
- 55:59all we can do is bend them from saving themselves.
- 56:01Do our best to ban them from saving themselves and connect,
- 56:05insane and connect the dots connect the dots with with Phil
- 56:08covered in the daily fail, right?
- 56:10They would rather trike double down on the control, the
- 56:14Tyranny, all of that. Then give up control.
- 56:17Do you see what's happening here?
- 56:19These are the people. These are your betters.
- 56:21These is this is the ruling class Nico.
- 56:25Oh sweet, sweet comfortable control, right?
- 56:29It's like you said, right? Where the Psychopaths remember
- 56:33where the Psychopaths according to, according to the scientist?
- 56:36This is you can't make this shit up.
- 56:37Anyways optimists, what are your thoughts on this?
- 56:41Well I really love that they you know, take the Bitcoin donations
- 56:46and then they just go up and just rug pull on everyone.
- 56:49So first off guys, everyone's a scammer.
- 56:54Quit scam. Yourself out of your Bitcoins by
- 56:56donating them to governments. I thought we're here trying to
- 57:00defund them. Stop giving them your Bitcoin
- 57:03second off. I really love this news, I'm
- 57:07always super bullish when Government tried to ban Bitcoin
- 57:09because it literally just proves my point or our point every time
- 57:14it's like, of course, an authoritarian is trying to ban
- 57:17Freedom money. So guys, you should see this as
- 57:21bullish because it just proves our point that we have the best
- 57:25Money. And they're going to try to shut
- 57:27it down. So winning winning.
- 57:30Absolutely do day. And and guys like this might
- 57:32seem dark, but you wouldn't have, you know, prior
- 57:37presidential candidates prior presidents coming out of the
- 57:40woodwork you wouldn't have these drastic you know measures by
- 57:44governments. If Bitcoin was not a threat to
- 57:47them if the freedom to to transact, right?
- 57:50Without any, without any fear of repercussions or censorship,
- 57:54that is a threat. To them.
- 57:55And that's what they're trying to stop.
- 57:57Anyways, wine, you had some awesome references to the
- 58:00sovereign individual. What are your thoughts on this?
- 58:02I mean, how many times do you need to have your trust broken
- 58:05to finally? Stop trusting.
- 58:07These institutions and governments.
- 58:09Like just like, there's Perpetual daily fails that we go
- 58:12with all the shit coin run polls.
- 58:14There's always going to be the government pulling a fast one on
- 58:17you. So, I mean, that's all the
- 58:21evidence I need to just not care and just focus on your
- 58:24individual. Self and try to make the best
- 58:28with the situation around you. That's all absolutely.
- 58:31Anyways Phil there was an open source offer.
- 58:33Really say why is everybody about it software releases
- 58:37brought to you by Cipher safe, check them out, Cipher safe dot
- 58:41IO guys. I've been harping on this all
- 58:43last week. Don't store your seed and paper
- 58:46paper burns paper gets wet. It turns into like some kind of
- 58:49mush store your seed in the Cipher wheel or the all new
- 58:54Cipher grid. They Those come with a
- 58:55tamper-resistant wire but the grid also comes with a punch
- 59:00tool. All right guys, we've got go
- 59:02Lloyd money version, 0.12.10 one it's down below in the show
- 59:09notes don't forget to check us out on our Audio, Only
- 59:14platforms, Apple podcast, Spotify and anchor.
- 59:19If you want to stream assets, check us out on Fountain.
- 59:22Dot f m--, you could stream assets with breeds Awesome,
- 59:25thank you for all right guys, that was our show before we go
- 59:27when I give a very quick shout out to our awesome.
- 59:30Awesome guests. Like we like we've been saying
- 59:33Optimus also known as my underscore live in underscore
- 59:37truth on Tweeter. He is joined simply Bitcoin.
- 59:41He takes care of our Twitter account.
- 59:42So he's going to be making a regular appearance, every
- 59:45Sunday, we're going to invent some stuff.
- 59:47You guys are going to be surprised and of course the
- 59:50legendary, why not kiss you also makes us some awesome.
- 59:54Awesome memes. They're awesome.
- 59:56Awesome, show /, get together. You guys could join its live on
- 1:00:01Twitter spaces is called Bitcoin kindergarten.
- 1:00:04It's every Wednesday at 9 p.m. Eastern Standard Time 6 p.m.
- 1:00:08Pacific. Anyways guys that was a show if
- 1:00:10you enjoyed the show them what to do Smith.
- 1:00:13Of course, you want to continue here in the Bitcoin, use from
- 1:00:15the bleep, let perspective, and a catastrophic fails.
- 1:00:19I'm not going to say Central planners.
- 1:00:20Yeah, the central planners. Yeah, tune in for the next
- 1:00:23episode. Guys, we'll see you on the next
- 1:00:24one. We're going to quote, Nick
- 1:00:26sabo's, and Optimus Fields reminded us of this one.
- 1:00:30Trusted third parties are security holes.