Latest / Simply Bitcoin / BREAKING: Largest Bank in Germany Wants Bitcoin | EP 762
Transcript
- 0:10Yeah, we're gonna simply Bitcoin live where your number one
- 0:12source for the peaceful Bitcoin Revolution cover breaking news,
- 0:15culture, Matic Warfare, we will be your guide through the
- 0:18separation of money and state. I want to start this show with
- 0:23this quote, there are decades where nothing happens.
- 0:26And then there are weeks or decades happen.
- 0:29And what I'm referring to is really like recently over the
- 0:34past week or so over the last two weeks, right?
- 0:38You had the s CeCe Sue not only by Nance, but also coinbase in
- 0:43the US the week after Black Rock announced that they are filing
- 0:49to to to launch a Bitcoin ETF. And then yesterday was rumored
- 0:56that Fidelity was also looking to launch an ETF as well.
- 1:01These are companies that have trillions of dollars assets
- 1:04under management in the trillions.
- 1:09And according to Ruston and I did a little bit of research on
- 1:12this as well. When Black Rock files something
- 1:15they have like a 99 percent approval record, but more things
- 1:20are happening, right? And this is all happened in the
- 1:22span of two weeks, right? This is so much time is like
- 1:25they'll whole rest of the year like it was just like nothing
- 1:29was really happening in the the adoption and the adoption front
- 1:32or, you know, the regulation front and then just things just
- 1:35started to accelerate like crazy.
- 1:37Well, breaking news. Who's the largest bank in
- 1:41Germany files for a license to custody Bitcoin, and also
- 1:48exchange these very, very well-known traditional Financial
- 1:52firms. Charles Schwab, Schwab, Fidelity
- 1:57are going live to offer Bitcoin and Ethos etherium trading,
- 2:02right? So this is absolutely massive
- 2:05and then news from Hong Kong and we've been talking about Hong
- 2:08Kong for a Now, and we've been making the case that China's
- 2:11playing two sides, right? Technically Hong Kong is part of
- 2:15China. But China uses this one country
- 2:18two systems and in my opinion, they're using kind of Hong Kong.
- 2:22Is this like isolated testing bed where they could potentially
- 2:26benefit from number go up technology without implement or
- 2:30without allowing it in mainland China, which could potentially
- 2:34threaten the regime over there, you know?
- 2:37Because at the end of the day, Governments.
- 2:40Do, you know, they get a tremendous amount of power and
- 2:42their ability to control people by controlling money?
- 2:45Whether that is, you know, the indirect taxation of inflation
- 2:50or just, you know, all out just to talat Aryan, social credit
- 2:54system, central bank, digital currency direct controls.
- 2:59And is a very interesting article that came out in the
- 3:01financial times. And it basically said, HSBC and
- 3:04Standard Charter pressed by Hong Kong regulator to take On crypto
- 3:09clients. How crazy is that?
- 3:11It's the exact opposite of what is happening in the US.
- 3:15Were, you know, the B Administration?
- 3:17You know, if you were to believe the piece by Nick Carter
- 3:20operation choke point 2.0. You know what Kaitlyn long is
- 3:23saying? We're Regulators are actually
- 3:24trying to isolate the industry from the traditional Financial
- 3:27system in Hong Kong, they're playing the exact opposite side,
- 3:31and then this plays into the better flag Theory, right?
- 3:34Which was talked a lot about in the book.
- 3:36The sovereign individual. Where people In as we transition
- 3:41into the information age and people are able to go to where
- 3:46they're treated best, right? And that's one of the powers
- 3:49that Bitcoin gives you. If you take self custody, right?
- 3:51Gives you Bitcoin gives you 2 pi gives you two abilities.
- 3:54It gives you the power to vote with your feet and it also gives
- 3:57you the power to vote with your money, right?
- 3:59It was a lot harder to just, okay, I'm leaving the u.s.
- 4:02I'm going to another jurisdiction.
- 4:04Try taking your money with you, right?
- 4:06There's only so much cash you could put on your There's only
- 4:09so much gold. You can hide on your body,
- 4:11right? Not to mention the laws that are
- 4:12already implemented, where you're traveling.
- 4:14If let's say you're taking an International Airline, they
- 4:18require you to report if you have ten thousand dollars in
- 4:21assets on your person, right? So if you have over ten thousand
- 4:24dollars in cash, they require you to report it right?
- 4:27That completely changes. All of a sudden, one, you can
- 4:30memorize 12 to 24 words if you're in a pickle even though I
- 4:34don't recommend that and you could basically go to where
- 4:38you're treated. Yes.
- 4:38And I think we're going to see an acceleration of this trend
- 4:42and jurisdictions competing for your business, right?
- 4:46We saw this when Jack mahler's he won't, he warned when he did
- 4:51the keynote speech at in Washington, d.c.
- 4:55Shout out to her friends with from the Bitcoin policy
- 4:57Institute in the Bitcoin policy Summit, which a bunch of us
- 5:01congressmen. And Senators, attended smaller
- 5:05started his speech with, hey, guys.
- 5:08If you don't get your acts together, I'm going to leave.
- 5:11And then in Bitcoin, 2023, during his keynote.
- 5:14What did he say? We're going to move strike
- 5:16headquarters to El Salvador, right?
- 5:19I think governments have to come to terms with this new reality.
- 5:22But it's a very, very exciting future for individuals because
- 5:25when governments compete for your business, you win, right?
- 5:30So this is a very exciting future that we're heading into.
- 5:32But first, before we start the show, I want to I want to bring
- 5:35up my legendary co-host. Always optimistic always With a
- 5:39giant smile. On his face, he sends me a
- 5:42selfie every morning. I tell him not to I said, dude,
- 5:46you're not texting Chrissy, you're texting Nico.
- 5:48I think you have the wrong number.
- 5:50How you doing Opti, how you feeling this morning?
- 5:53You crack me up? I'm doing wonderful bro.
- 5:56Great day. It seems like the energy is
- 5:58Shifting in our favorite. Something, I've kind of been
- 6:01talking about for a while, even though we, you know, what do you
- 6:04say are slaves to the news cycle and it seemed to almost get Dark
- 6:09for a moment. I was just you know hearing
- 6:11through the grapevine and hearing in the Wind of like man,
- 6:14it really does feel like the the change, what's a Winds of Change
- 6:18are blowing in our Direction, and Bitcoin may not be trampled
- 6:23down as much as paranoid bitcoiners of thought.
- 6:25And I think we're seeing this happen right now, especially
- 6:28with the institutional flood gates opening up.
- 6:31I think this next bull runs going to be absolutely
- 6:33marvelous. But, anyways, I've already
- 6:35speculated, I've already speculated enough on the price
- 6:37this week, so I'm Well, as much as possible today.
- 6:42Let's bring it up. Boy, let's bring our boy, but I
- 6:45think so too. And let's ask Dennis, actually.
- 6:47So we have the man responsible for, for Bitcoin, not passing.
- 6:5158 K. We have Dennis?
- 6:55Who's part of the fifty-eighth K gang.
- 6:57How you doing Dennis? Yeah, thank you there.
- 7:03There you go. Kind of like that.
- 7:08What's up, dude? Hey, what's going on?
- 7:11Hey, man. So could you explain to the
- 7:12audience, why you, why you have not allowed Bitcoin to pass?
- 7:18Why do you set the Bull Run, bro?
- 7:23So if you guys don't know, I'm Dennis and I work with 50 AKA
- 7:28again to basically create sort of like a pricing mechanism
- 7:33where Bitcoin stays at or around 50 AKA forever.
- 7:38So we've been holding it down for quite a bit now, just
- 7:42because I don't know we I guess we like class of 2021 we wanted
- 7:47to give them a better opportunity to stack so we
- 7:49figured why not just let them just let him get as much as I
- 7:52can before we get it back to Maybe above 50 AK but I don't, I
- 7:56don't know II, don't think we'll, we're going to try and
- 8:00keep it down to 58 k for the rest of time.
- 8:03Hopefully, so really depends on how adoption goes.
- 8:07But you guys will pretty much see how it how everything plays
- 8:11out in the next like, 23 years. So we have the man responsible
- 8:15for Central Bank. Digital currencies Opti in in
- 8:18the, in the show today and we have the man responsible for
- 8:21suppressing the price of Bitcoin keeping it.
- 8:25A below or near 58 K, we have. Dennis so you know, you guys.
- 8:29You guys know where to find them there on the show to they let
- 8:32them know. Your thoughts in the chat.
- 8:33Anyways, everybody no more delay.
- 8:35Let's jump straight into the show.
- 8:36Let's do it. The Bitcoin members brought to
- 8:42you by not all at this point. You should be running your own
- 8:44Bitcoin note. If you don't use your own
- 8:46Bitcoin node, you're trusting someone else's run your own
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- 8:53and Dojo all from the Comfort of your own home.
- 8:56And if your digital Nomad, you have absolutely no excuse
- 8:59because now you can run a novel through a virtual private
- 9:02server. Visit not all Dottie you today.
- 9:05All right, everybody, I want to tell you about the largest
- 9:07Bitcoin conference on the face of the Earth Bitcoin 2024.
- 9:11That's right. It's not going to be in Miami
- 9:13this year. It's going to be in Nashville,
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- 9:46The Bitcoin price has 27,000 $240 SATs for a dollar 3672
- 9:53block height 700. 95,000 203 reachable, Bitcoin node
- 9:58seventeen thousand ninety six blocks to having 44,000 797.
- 10:03Having estimates April 20th 2024, total lightning network
- 10:07capacity 5400 5425, Bitcoin capacity value to about 147
- 10:15million, u.s. dollars the realize monetary inflation, my
- 10:18favorite stat out of everything because it continues to
- 10:20embarrass Fiat. Currencies is one point seven
- 10:23six percent and the market. Capitalization of Bitcoin five
- 10:26hundred twenty, eight billion dollars.
- 10:28Today, I want to talk about double standards, you know,
- 10:32rules for rules for thee and not for me.
- 10:36So, we all know about SBF, we all know about FTX, we all know
- 10:39about the debacle going on there, but we also know that SPF
- 10:45donated to the political Elite Class, the, the leadership
- 10:51class. He was a big donated.
- 10:55Donator to the Democratic party which is currently in charge of
- 10:58the executive branch and currently in charge of the
- 11:02Senate, even though they lost the house recently, but also
- 11:07beneath the table. Not only, was he donating to the
- 11:09Democrats, he was also donating to the Republicans and what
- 11:12tends to happen is if you donate to the right political parties,
- 11:17you know, you play by different rules set.
- 11:19So I find this really interesting u.s. withdraws new
- 11:22charges in SBS. Case, punch them to 2024.
- 11:27Why is 2024 interesting? 2024 is the year of the u.s.
- 11:31election. Anyways, it goes on to say,
- 11:33Federal prosecutors asked a judge on Thursday to remove five
- 11:36charges against alleged crypto. Fraudster SBF, including bribery
- 11:40of a foreign government official after a Bahamas.
- 11:43Court case cast doubt on whether the US government had followed.
- 11:46The correct procedure for bringing the charges against the
- 11:49former, billionaire spfs legal. Team had previously argued both
- 11:54us and Bahamian judges that the charges were not part of the FTX
- 11:57Founders. Original indictment under, which
- 11:59he had been extradited from the Bahamas months.
- 12:01Earlier a Bahamian judge said they would review spfs arguments
- 12:05earlier this year earlier this week.
- 12:07Prompting their Quest from federal prosecutors the charges
- 12:10however, have merely been severed or punted to 2024 giving
- 12:14the federal government ample time to ensure the conditions of
- 12:16the u.s. Bahamas, extradition treaty have
- 12:19been met and to satisfy satisfy concerns from the hump.
- 12:22The Bahamian. Government, the severance means
- 12:24that SBS legal team will likely now have to gird for to Legal
- 12:28fights one to try, the original eight, count, indictment later,
- 12:32this year. And another, in 2024 for the
- 12:34five Courts at the federal prosecutors is asked to serve
- 12:37us. Attorney, Damon Williams office
- 12:39is Prosecuting, a bank been freed, he was originally
- 12:42indicted on eight counts, including conspiracy to commit
- 12:45mail and wire fraud over his role in allegedly orchestrating,
- 12:49the theft of billions of dollars of customer assets and the
- 12:52collapse of crypto exchange, FTX And late 2022.
- 12:56SBF? As has entered a plea of not
- 12:58guilty and is expected to be tried later this year mind you
- 13:03SPF is currently out on bail as well.
- 13:06So it's really interesting, how, you know, in certain cases right
- 13:10there is no bail. There is no bail set.
- 13:12Even though this man has literally been responsible for
- 13:16the theft of billions of dollars of people and people like,
- 13:22Julian Assange and people like Ross Aldridge.
- 13:25Who do you think has done more damage to people's lives?
- 13:29Who out of all those three people?
- 13:31Who do you think has done actual monetary?
- 13:34Moored monetary damage to people's lives, Ross, Albrecht
- 13:40Julian Assange or SBF. Please let us know down in the
- 13:45comments because they, they didn't get any bail.
- 13:48So I just it's, you know, it's a two-tier justice system.
- 13:51I would call it. It's really a hierarchy.
- 13:54You know, if you donate to the right, if you donate to the
- 13:58political Elite you get some type of protection, you know, I
- 14:02and forgive me for being, you know, the paranoid Bitcoin
- 14:05are--that's maybe reading stuff, that's not there or stuff
- 14:08between the line. But we have a pretty good record
- 14:11of, you know, of sand. Saying things or claiming things
- 14:14on simply Bitcoin and then a couple months later, you know,
- 14:17they turn out to be true. So, let's see what happens in
- 14:20this case. But yeah, man, it's just, I
- 14:23think it's an injustice. Why does this guy even though
- 14:27it's been clear as day, right? That that he that he's hurt a
- 14:32lot of people that people have lost their life savings because
- 14:36of the FTX blow up. Why is he allowed to roam free?
- 14:39You know, why why did, why was he not denied bail?
- 14:42Why? Is he not in a jail cell and
- 14:45then why are journalists who, you know, expose, you know,
- 14:48truths, which is the, you know, the reason as to why journalism,
- 14:52you know, exists, it's kind of like a check on government.
- 14:57Why are they jailed for speaking their mind?
- 14:59You know, so it's a two-tiered system and it's a two tiered
- 15:03system of Injustice. That's, that's really how I see
- 15:06it and I think that this is progressed, this is accelerating
- 15:09faster and faster, and this is all fueled at the end.
- 15:13Of the day. This is all fueled by the money
- 15:15printer in directly, right? There's a reason that the
- 15:20wealthiest suburbs in America in the world actually are in
- 15:26Washington, d.c. a you know a city who doesn't really have an
- 15:31economical output. Right.
- 15:32This is a you know this is a this is a government City.
- 15:36Why are some of the wealthiest suburbs in America in the world
- 15:40located in d.c.? Why is that question not being
- 15:43You know, and and the reason for that you just use common sense,
- 15:47its proximity to the money printer.
- 15:50That's really what this is about.
- 15:52And as long as you have this misaligned, as long as you have
- 15:55this misalignment of incentives, as long as politicians are not
- 16:00being elected to do good by their, you know, by their
- 16:04constituents, they're getting elected to get as close as
- 16:06humanly possible to the money printer.
- 16:09Therefore, they benefit economically from the money
- 16:11printer. There's a reason And that
- 16:13politicians like, Elizabeth Warren and Nancy Pelosi are
- 16:16worth hundreds of millions of dollars even though they live on
- 16:18a government salary, salary, until that system is fixed in
- 16:22the way that you fixed it as you separate money from State.
- 16:25I think that these types of injustices are going to continue
- 16:29to happen because the average everyday, American doesn't have
- 16:34the ability to make these crazy donations to these notes to
- 16:40these DC bureaucrats. Therefore they are.
- 16:42They're not Given the same protections that people that do
- 16:46make these crazy donations to to, you know, to, to the
- 16:52political class, you know? So we this is why we have two
- 16:55separate money from State and that will level the playing
- 16:58field that will create Justice in a system where there is
- 17:01currently Injustice. Anyways, optio want to get your
- 17:04thoughts and then we'll move on to Dennis.
- 17:07Yeah, well, I'm going to double and quadruple down on the
- 17:11conspiracy late. And thoughts here.
- 17:13So forgive me, Nico. I have to do this.
- 17:16Anyways, it's going down right now because we're not the only
- 17:19one saying this. And obviously all of us
- 17:22bitcoiners friends have been saying a little bit.
- 17:23I am going to have been saying this on Twitter, but I was going
- 17:27to save this for the meme review.
- 17:28I didn't know you're putting this in the numbers, so I'm
- 17:30gonna, you know, Push It Forward.
- 17:32Anyway, this is David Bailey. He owned Bitcoin magazine, he
- 17:36goes. So let me get this straight.
- 17:37They sent in their goon SPF pumped him full of money
- 17:40enabled. His massive Ponzi that wiped out
- 17:42the native Street all the while they were preparing their own
- 17:44exchanges and ETFs to come in and clean up the mess, pretty
- 17:48genius to be honest. And then, of course, another one
- 17:51Preston pitch saying the same thing that all of us.
- 17:53Toxic big Corners have been saying for a long time, I'm
- 17:56sorry, but after watching BlackRock Fidelity Citadel
- 17:58Schwab. And now Deutsche Bank, all apply
- 18:01for Bitcoin ETS spot exchanges excetera only a few days after
- 18:04the SEC drop Ctrl on finance and Sue's coinbase.
- 18:08How can't you think that this entire past year was a giant
- 18:11Inside Job coordinated between Between the Wall Street
- 18:13parasites and government regulator so they could catch up
- 18:17again. We're not the only one saying
- 18:18this, shouts out. The Marty bet he goes come out
- 18:21of nowhere. Wonderkid Master Trader named
- 18:23Zarina celebrity endorsements on CNBC weekly sit down with Bill
- 18:27Clinton and Tony Blair in cell orgies, rug the world usher in
- 18:30the need for adults in the room, the most obvious government
- 18:33asset in recent memory and he's quote, tweeting himself in 2022.
- 18:38SPF is a CIA asset and I think we Are seeing this happen in
- 18:44real time. The fact that, you know, not
- 18:49only are The Regulators, but the powers that be the Wall Street
- 18:53types. The unproductive class, as we
- 18:55like, to call them are doing their best to try to Corral the
- 18:59Bitcoin space either suppress the price or rather, you know,
- 19:03Corner the market as much as possible.
- 19:05Again, a lot of us bitcoiners have this tinfoil hat radar
- 19:10going off right now with this BlackRock ETF.
- 19:12But I mean guys, we've been saying this for a long time, we
- 19:16have the blueprint played out for you guys.
- 19:18We laid out almost every single day on the show fun Bitcoin
- 19:22stack your bags and then endorse Bitcoin or the opposite Playbook
- 19:27you know clean up the space for for my investors and for the
- 19:31safety of the you know consumer out there and then come in and
- 19:35save the day you know riding on their White Horse.
- 19:38So guys again they do not want you holding Bitcoin.
- 19:41This is why it is more The never to not only spread the Bitcoin
- 19:45signal, but to take Bitcoin into South custody and don't give
- 19:48these people your Bitcoin do not get paid per Bitcoin, guys.
- 19:52Like this is, this is, you know, very simple, simple solution to
- 19:57this stuff. But again, if Bitcoin cannot
- 20:00withstand this type of maneuvering, by the unproductive
- 20:04Clash, then obviously, what are we doing?
- 20:06Here? We are wasting our time in
- 20:08Bitcoin was never going to get hyper Bitcoin eyes anyways.
- 20:11So it's just important. Current to stay vigilant but
- 20:14also is this like another. We Told You So moment because I
- 20:19think we've been covering this for a long time as bitcoiners on
- 20:23bitcoin Twitter the toxic Maxis have been saying this for a long
- 20:26time and I mean guys like once it gets to the macro guys then
- 20:30you know it's got to be true. So it's almost like this was a
- 20:36you know planned demolition of their controlled Demolition and
- 20:39they just tried to smear Bitcoin and the industry.
- 20:42Large so that they can come in and save the day.
- 20:45So I don't know man. It's like they tried to smear
- 20:47Bitcoin so that they make sure that they have their bags filled
- 20:52and they are the ones in control of the ETFs and they're the ones
- 20:56who are in control of the exchanges and then everyone else
- 20:59gets ostracized everyone else is like, no, you can't have that.
- 21:03It's like the big Banks which are in bed with the politicians.
- 21:07The, these are the big banks that got bailed out in 2008.
- 21:10Even though they were like, literally going to To fail.
- 21:13Then the term came out too big to fail too big to fail.
- 21:17That is that is not capitalism. That is not capitalism.
- 21:20There's no such thing as too big to fail and capitalism, right?
- 21:23So yeah, this is, this is nuts but the end of the day I put all
- 21:27of this blame the price suppression.
- 21:29Blame, I do not put it on these new institutions, I put it
- 21:33squarely on Dennis. Dennis, what do you have to say
- 21:36for yourself at that? I thought you guys would be
- 21:39happy that we're keeping prices low so we Distributed more to
- 21:43the plebs but I don't know. Are you an asset are you upset?
- 21:49Are you, are you infiltrating the community?
- 21:51I have no comment on that, but I think people should be very
- 21:55grateful for 58 K gang and all their efforts to basically
- 21:59control price because as, you know, like I don't think we can
- 22:03can't control it forever. That's, that's kind of a fact
- 22:06that this point. But if you look at, you know,
- 22:11previous Cycles, basically If it floats around a certain price
- 22:14for a longer period of time it was mentioned in.
- 22:17Someone mentioned in the comments the better it is.
- 22:20The more likely it is to just go higher than I don't know the
- 22:24previous price so you saw it at like 6K 23k then hovering around
- 22:289 K and then we shot off directly to thirtysomething K.
- 22:32I think it's I don't know I don't know why everyone's so
- 22:36upset about price not going to six figures or seven figures
- 22:40this last cycle but I think everyone knows 58kg gang an
- 22:45apology and I want everyone to thank us for allowing you all to
- 22:50get as much Bitcoin as you possibly could at a super cheap
- 22:54prices. But that's just, I'm just
- 22:57throwing it out there. We're trying to do our best with
- 23:00the whole SBF situation. So I mean he's kind of a chill
- 23:06guy if you get to know him, I mean yeah, he took all the money
- 23:07but like I don't know what the issue is here.
- 23:10It's just it's just how it is. Is, but you guys do bring up a
- 23:15good point. I mean, the, the whole solution
- 23:18of this is just buy Bitcoin set up your lives, the way, you need
- 23:23to, because hopefully, you'll have more free time and you'll
- 23:25need to spend less time working for deteriorating money and
- 23:30eventually you'll be able to create communities that benefit
- 23:34ourselves and the people around you.
- 23:35So maybe you don't even need to use Bitcoin at that point you
- 23:37could just barter with each other you know just have like a
- 23:40like a circular economy or something like that, who knows?
- 23:42I don't know, you can try that but I think this has been a
- 23:47pretty good, you know, a couple of years at 58 K forever.
- 23:52Yeah man. So you put the satire on one
- 23:56foot the side Tire one side and then put the reality on the
- 23:59other side, you know, a lot of coincidences guys happening, you
- 24:05know, in a span of two weeks, I don't think these are
- 24:08coincidences. I think this is, this is the
- 24:10reality. I think the big guys wanted To
- 24:12get their bags filled. I think the big guys wanted to
- 24:15be the ones in control of the exchanges.
- 24:17They wanted to be the ones in control that ETF.
- 24:19Like it's always been right? Hopefully you know not hopefully
- 24:24with Bitcoin though things change and the reason things
- 24:27change is because it allows you the individual to take self
- 24:31custody very easily, right? You can withdraw you could take
- 24:34it out of the system something of which you couldn't do very
- 24:37easily and effectively and quickly with gold right with
- 24:40gold. They would have to physically
- 24:42mail To you. And then, you know it's pretty
- 24:45hard to spend. Then you have to like mail it
- 24:48back. There's like a premium in the
- 24:49process so you know, I think gold failed because of its
- 24:54physical characteristics were Bitcoin will succeed but only if
- 24:59and there's a big only, if you really take some a little bit,
- 25:02little bit of personal responsibility and learn how to
- 25:05take the coin into self custody. And I think if enough people do
- 25:09that will win. Anyways everybody let's get to
- 25:11the news, we have a Got to talk about.
- 25:13Let's check it out. The Daily News, The Daily News
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- 25:51block stream Jay today and take self custody of your Bitcoin.
- 25:56Alright guys, I also want to give a shout-out to the orange,
- 25:58pull up. They are building the social
- 26:00layer for Bitcoin, as crazy as it sounds without the without
- 26:03the people Bitcoin is just ones and zeroes Bitcoin is the people
- 26:07Bitcoin is you it's me it's Opti it's Dennis it's Satoshi
- 26:11download the orange pill app for IOS and Android and connect with
- 26:14other bitcoiners in real life today.
- 26:15Day find other big Corners that live near you and you can go
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- 26:26If you want to meet other bitcoiners in real life, this is
- 26:29the app for you. Sign up, through the App Store
- 26:31and you can even pay and SATs and Opti and I appreciate all
- 26:34the love in the messages that we're getting and we try to
- 26:36respond to each and every one of them.
- 26:38We appreciate all you guys. Download the orange pill app
- 26:42today. Anyways let's get through this.
- 26:44Crazy. Of news I read that quote right
- 26:47in the beginning of the show. I'm going to say it again.
- 26:49There are decades where nothing happens and they're weeks where
- 26:52decades happen. I think that these are
- 26:54definitely these last two weeks. This is it this is definitely
- 26:58those two weeks where decades are happening.
- 27:00All at once a very strong narrative that was happening in
- 27:032018 is you know the coat because the price of Bitcoin was
- 27:06going down as crashing we are entering into a bear Market.
- 27:09Is the institutions are coming. The institutions are coming.
- 27:11No, they weren't. But the institutions are
- 27:13definitely fucking here. Now, they're Efinitely here,
- 27:16that is undeniable at this point and it's just this crazy world
- 27:19that we're living in, where jurisdictions are competing for
- 27:24your business. And when that happens, people
- 27:27win, we saw that on a, on a national level.
- 27:31In the us where we saw. A lot of people fleeing, New
- 27:34York fleeing California and moving to States, like Texas and
- 27:38Florida which were more business-friendly, they don't
- 27:41have a state income tax. So, you know, people are going
- 27:44to go to They're treated best. And now if you incorporate
- 27:48Bitcoin and the internet into the mix, the internet allows you
- 27:51to work from wherever you want, right?
- 27:54You can, you know, you could communicate directly, you can
- 27:57have meetings over Zoom, right? And then also Bitcoin allows you
- 28:01to take your money with you very easily without having to ask a
- 28:04third party for permission. And remember if a lot of people
- 28:08are fleeing the country, the first thing that countries do is
- 28:12that they impose Capital controls look at what's
- 28:14happening in our and Tina with the more than 100 percent
- 28:17inflation. What did the government do?
- 28:19They instilled, Capital controls?
- 28:21They don't want people taking money out of banks.
- 28:23They don't want people holding dollars, they want.
- 28:25People holding their local currencies, but that's a whole
- 28:28different conversation when it's Bitcoin when it's Bitcoin, they
- 28:32can't do those things, right? But only, if you are the sole
- 28:38owner of your private Keys, then your unpowered, if you're not,
- 28:42the sole owner of your private Keys, you're not empowered.
- 28:45Still trusting a third party with your wealth and now that
- 28:48you have the technology in order for you not to do that and
- 28:54benefit from it, you absolutely have no excuse and take agency.
- 28:58Take action, right? So if your family members, don't
- 29:00know how to take self custody, be the Uncle Jim in your family
- 29:04show them the way, even though they might not understand it.
- 29:07Show them the way take responsibility anyways.
- 29:10So I want to get through. This is a lot of stuff to talk
- 29:12about today. So first I find this absolutely
- 29:15fine. Fascinating, an article from the
- 29:17financial times there's as Opti likes to call it which I think
- 29:20is more appropriate. The Fiat times HSBC and Standard
- 29:24Charter pressed by Hong Kong regulator to take on crypto
- 29:27clients. It goes on to say Hong, Kong's,
- 29:29banking regulator is pressuring lenders, including HSBC and
- 29:33Standard Chartered to take on crypto exchanges as clients.
- 29:36Even as us Regulators crack down on the industry HK, the Hong
- 29:41Kong monetary Authority, encourage the banks to not be
- 29:43afraid a person would not Of the discussion said quote there is
- 29:47resistance from convert very conventional banking mindset.
- 29:50We are seeing some resistance from senior Executives at
- 29:52traditional Banks. This month the SEC sued by
- 29:56nansen coinbase. Two of the world's largest
- 29:58crypto exchanges. Accusing them of violating us
- 30:00Securities Law yet in a sign of Hong Kong's, enthusiasm for the
- 30:04sector pro-beijing, that's the key word there.
- 30:08So the CCP is behind the CCP put its stamp of approval
- 30:12pro-beijing lawmaker Johnny. And G, who is also a member of
- 30:18China's top political advisor, a'body, invited coinbase, and
- 30:21other crypto exchanges to set up in the city.
- 30:24Following the SEC lawsuit banks are quote, are having to Trend a
- 30:29tread a fine line between on the one hand, getting encouraged to
- 30:32support crypto and exchanges. But on the other hand, being
- 30:35aware of the u.s. situation an executive at one of the lenders
- 30:39set that they were torn between wanting to ensure the
- 30:41development of the industry if its policy of the Hong Kong.
- 30:45It's a policy of the Hong Kong government and wearing that,
- 30:48they might be taken to task on an anti money laundering and
- 30:51know your customer issues which we've known that.
- 30:54Those two issues anti-money laundering and kyc have been
- 30:57used to attack the industry in the past before.
- 31:00And it goes on to say the last part of this article that I want
- 31:03to read quote, everything has been done on the government
- 31:06side, to encourage these Banks, to facilitate the opening of
- 31:10banking services to the sector. It's crazy.
- 31:13How this is playing out. By the way, this isn't Only just
- 31:16happening in Hong Kong. This is also happening in El
- 31:19Salvador. I'm a little bit more II like
- 31:22the El Salvador law a lot better because it says that Bitcoin is
- 31:26Bitcoin and shit. Coins are security shit.
- 31:30Coins are shit coins, right? So I think I'm more bullish on
- 31:33El Salvador, from the bitcoiners perspective, I know a lot of
- 31:35people have strong feelings about El Salvador with 9 boo,
- 31:38Kelly's moves there. But that's my take.
- 31:41Anyways, this is the big news for today.
- 31:43Absolutely massive. And again, this is Not a
- 31:46coincidence. The they see the writing on the
- 31:49wall when you have Bank of America, loading, loading up on
- 31:52microstrategy stock. When you have black rock
- 31:56announcing that they want to file a Bitcoin ETF, when you
- 31:59have Fidelity, also loading up on microstrategy on Match
- 32:03microstrategy law, a stock, which means that they have
- 32:05indirect exposure to bitcoin, the writing's on the wall,
- 32:09right? You're looking at this and
- 32:10you're like, okay there's a train coming.
- 32:12I want to get on that train. So this is absolutely massive.
- 32:15If one point four trillion banking giant, Deutsche Bank
- 32:19files for crypto custody license, the remarkable growth
- 32:22of the crypto Market in recent years has captured the attention
- 32:25of numerous non crypto financial institutions and Banks leading
- 32:29to a wave of mainstream adoption for digital assets once viewed
- 32:33as a niche and speculative investment cryptocurrencies and
- 32:36blockchain Technology are now being embraced by traditional
- 32:38Financial players seeking to tap into the potential benefits and
- 32:42opportunities they offer. In that context the Such non
- 32:46crypto financial institution, that is hopping on the crypto
- 32:49bandwagon is Deutsche Bank, Germany's biggest lender.
- 32:53It goes on to say, do each Bank filed an application to obtain a
- 32:57license, for providing digital asset, custody Services,
- 33:01Bloomberg reported on Tuesday. So, you have the largest bank in
- 33:06Germany, basically, saying, hey, we don't want to miss this, you
- 33:10know, you could trust us, custody us, custody your Bitcoin
- 33:13with us. So it's like again, it's
- 33:15Continuation of the trend the big players are like no we we go
- 33:18we want to get in, trust us with your Bitcoin basically Our
- 33:22advice from Simply Bitcoin is trust no one with your Bitcoin,
- 33:26don't trust any exchanges don't trust any look buy Bitcoin mine
- 33:30Bitcoin and take that said Bitcoin into self custody, don't
- 33:34trust it, don't trust verified, take personal responsibility.
- 33:38Well, we advocate for strongly on this show is take, self
- 33:43custody. That's what that's what we have.
- 33:45For, so it goes on to say, crypto exchange backed by Schwab
- 33:49and Fidelity goes live, offering Bitcoin and ether trading.
- 33:52So this is massive Schwab and Fidelity or two massive
- 33:56financial institutions. And again, I do not think that
- 34:00this is a coincidence that this is happening in the same two
- 34:04weeks that coinbase and by Nance received by the SEC, BlackRock
- 34:09announced to file a ETF, the largest bank in Germany.
- 34:15He is wanting a basically announcing that they want to
- 34:18custody people's Bitcoin, and I don't think it's a coincidence
- 34:21that on the same two weeks Financial Giants Charles Schwab
- 34:26Fidelity and Citadel Securities launched a trait.
- 34:31A trading trading platform on Tuesday so edx marked its first
- 34:35announced its launch. Its launch plans for a
- 34:38non-custodial Exchange in September, about two months
- 34:41before the collapse of FTX Paradigm, Sequoia capital and
- 34:44virtue. Anshel are among the early
- 34:46backers, the announcement comes after Blatt.
- 34:49The the announcement comes days after BlackRock filed an
- 34:52application to launch. What would be the first spot
- 34:54Bitcoin ETF in the u.s. confirmation that despite the
- 34:58crypto Industries black eye from FTX and other back about actors
- 35:01in 2022. The Chill from us Regulators
- 35:04this year long-term institutional interests has not
- 35:07diminished the Eds exchange allows trading of Bitcoin ether
- 35:11Litecoin and Bitcoin cash. None of which are named crypto
- 35:14acid. Charities in the lawsuits and
- 35:16securities in the SEC two weeks ago.
- 35:18The edx has said it strives to meet quote meet the world's
- 35:23needs of the largest and most sophisticated.
- 35:25Financial institutions, many of which remain crypto curious, but
- 35:29skeptical of centralized crypto, service providers.
- 35:32How convenient is that, right? If it doesn't come from the big
- 35:36players, you know, we're we have to remain skeptical if not
- 35:40because of the failures of many in 2022 than because of the
- 35:43regulatory uncertainty. The remaining players Now, find
- 35:46themselves in to quell any fears about misuse of funds edx plans
- 35:50to operate as a non-custodial exchange, meaning that they
- 35:54would rather, that rather than handling customer assets
- 35:57directly. It will act as a platform on
- 35:59which a network of firms can execute and settle trades
- 36:02between crypto, crypto assets and Fiat currencies edx.
- 36:06Also, has plans to launch a Clearinghouse business this year
- 36:09to facilitate the settlement process, but will still keep
- 36:12customer assets held at 3rd party.
- 36:15Ex and crypto custodian, the company is set to announced
- 36:18Tuesday that it has closed a second funding round with new
- 36:21investors including the options exchange.
- 36:24Operator, Miami International Holdings and Affiliates of
- 36:27proprietary trading firms, DV trading GTS, GSR and Hudson,
- 36:32Hudson River Trading. So it looks like again, I'm
- 36:35going to say this again, the the institutions are here, it is
- 36:39clear as day. It's just, it's a big
- 36:41coincidence. How they're trying to take the
- 36:42little guys out in the SS. Now another thing that I want to
- 36:47take notice of right is do not use an exchange that does not
- 36:54allow you to take self custody. I did not see.
- 36:57And that announcement the ability for you to withdraw.
- 37:02Use an exchange that allows self custody.
- 37:05Obviously, we're big fans of swan.
- 37:07Best place to build your Bitcoin stack.
- 37:09They encourage self custody. They want you to take self
- 37:13custody. They want you to withdraw from
- 37:15The Exchange. And if you don't like Swan use
- 37:17an exchange that allows you to take self custody because if
- 37:21not, then you're putting your trust and the hands of fidelity.
- 37:24You're putting your trust in the hands of BlackRock, you're
- 37:27putting your trust in the hands of these institutions that you
- 37:31You know, in the case of black rock, man, they they, they, they
- 37:36were big fans of the whole ESG movement.
- 37:39You know, the Larry Fink was a big fan of the concealing are
- 37:43conference. The world, economic Forum your
- 37:45own nothing and be happy. Well, if you buy your Bitcoin,
- 37:48you know, your Bitcoin with a Bitcoin ETF or you buy your
- 37:51Bitcoin through Fidelity and all these places and they're not
- 37:54allowing self custody. You know, that narrative stays
- 37:57true, you will owe nothing and be happy, you'll think you own
- 38:01something. But in reality you don't know
- 38:02dog shit, right? So you know if you if you are
- 38:07planning to buy Bitcoin if you are planning to earn Bitcoin,
- 38:11mine Bitcoin, make sure you take the time to take self custody of
- 38:15that, said Bitcoin. And that's how you win.
- 38:19And the reason that we advocate for Swan is they have an
- 38:22automatic withdraw feature, set it and forget forget about it,
- 38:26just takes it out, takes it into your wallet, you don't even have
- 38:29to think about it. Set up a DC.
- 38:31A Man, it's so easy and freaking easy to do.
- 38:34You know what, what is, what is Beauty on, always say, right?
- 38:38We have to talk about the ethical Bitcoin while it's to
- 38:40kind of remind people, right? So, you know, you take self
- 38:43custody, choose Sparrow, choose electrum, choose any, you know?
- 38:47There's so specters, another good one, like a breeze Moon,
- 38:50Phoenix, Mutiny exactly. Well, download any of these
- 38:54wallets write down a jade, download on your You Know
- 38:57download them on your, on your desktop.
- 38:59Download them on your mobile device, right?
- 39:01Go get yourself a hardware, a hardware wallet.
- 39:04Obviously we recommend the Jade their sponsor of ours but
- 39:06there's a plenty of there's plenty of good ones like
- 39:09Foundation like cold card coin. Kite, makes awesome products and
- 39:14there's so many. There's so many to choose from,
- 39:17you know, learn how to take self custody.
- 39:19All this. Good news that's happening.
- 39:22It's great. Maybe it pushes the price of
- 39:24Bitcoin to go higher, but if you are not the sole owner of your
- 39:28keys, you're putting yourself in a position where you can.
- 39:32And as history has shown, you probably will get rug pulled
- 39:36stop. Trusting someone else with your
- 39:38money now that you have the technology and the capability to
- 39:41do. So you only have to trust
- 39:43yourself with your money and maybe your close family members
- 39:46as well, right? So overall very, very bullish
- 39:49news. This is great stuff, but But,
- 39:52you know, guys, it's only great stuff.
- 39:54If you are, if you are correctly, put your correctly.
- 39:59Positioning yourself, to Surf, this wave.
- 40:02You have to be the Earth. The owner of that surfboard
- 40:05can't be leasing it. You can can't be can't be using
- 40:08someone else's custody. You got to use your own.
- 40:10Anyways, those are my thoughts Opti.
- 40:12What's your take? And then we'll move on to
- 40:14Dennis? Yeah.
- 40:15Well, first on the Hong Kong news.
- 40:18It's very interesting to see China Sea.
- 40:21Mmm, Because policy fail around Bitcoin and chick coin and
- 40:24basically do the opposite and be like, hey, you know, come here,
- 40:27we will, we will endorse you and it's just the better flag Theory
- 40:33playing out Bitcoins Game Theory playing out the sovereign
- 40:35individual thesis playing out exactly as planned and
- 40:38predicted. So on that now you know just
- 40:41like perfect. Everything is playing exactly as
- 40:44we first seed it to happen and then of course all the
- 40:47institutions announcing that they want to get the Bitcoin
- 40:50right now really makes. It feel and it's what I said in
- 40:53the beginning really makes it feel like the energy is Shifting
- 40:55and I don't know, I hate I hate saying this because I'm the
- 40:59cliche big corner but this time really does feel different.
- 41:01Like I think this bull run is going to really blow our minds
- 41:06to the upside and to everyone out there that is you know all
- 41:11Bitcoin Maxis are or number go up, enthusiasts are endorsing
- 41:16you know, black rock or whatever, kind of fun.
- 41:18They're going to say Bitcoin is permissionless and this is
- 41:22Inevitable. It's just important to stay
- 41:24vigilant. Continue to educate yourself.
- 41:26Continue to educate other people and you know go hard on the best
- 41:31practices so that we ensure that Bitcoin stays decentralised,
- 41:34that people own their Bitcoin, that Bitcoin doesn't get re
- 41:37hypothecated. All the things we talk about all
- 41:39the times because for those of you that have been around a few
- 41:43cycles, and you remember how crazy things got when she coin
- 41:46started pumping and all kinds of new people are coming in and
- 41:50learning about Bitcoin. I think that's going to be
- 41:52magnified tenfold as a shit ton of capital flows into Bitcoins.
- 41:56So again, I think this bull run is going to be absolutely insane
- 42:00and this is just the beginning of it.
- 42:02And you know, we don't want to lose the Bitcoin ethos with
- 42:07number, go up technology. But we all know, even though we
- 42:09have Dennis 58, K in the building that everything
- 42:12revolves around number go up. So hey, this is obviously
- 42:16bullish for Bitcoin but also you know, at what cost is this going
- 42:21to play out? And of course, like I said
- 42:24earlier if Bitcoin can't handle the Black Rock to the
- 42:27institutions of the world and it doesn't get destroyed in the
- 42:30process. Then we were never going to have
- 42:32hyper Bitcoin ization in the first place.
- 42:34So I think Bitcoin is anti fragile as we've seen throughout
- 42:37the world. Obviously stay vigilant or
- 42:40rather not throughout the world but throughout the last 15 years
- 42:43of Bitcoin stay vigilant stay you know paranoid.
- 42:46But also I think we can Relish in the little victories of like
- 42:50okay. Hey we've been right.
- 42:52And now the the institutional money is coming in and, you
- 42:55know, hey, I think Larry Fink just endorsed Bitcoin as ESG
- 43:00friendly technology. So let's go shouts out to change
- 43:04the code because they are wrecked in real time.
- 43:08Anyways, Dennis, what's your take on this brother?
- 43:12Yeah, I mean Larry and I have had multiple discussions about,
- 43:16you know, what we should do about price and I mean I saw in
- 43:20the comments that said, 27 forward trying to get it to 28
- 43:23right now. But that's for everyone who
- 43:25thinks it's not 58 K. But yeah, just just to keep
- 43:28that, make sure everyone realizes that it's always a 50k.
- 43:32Would always be at 50 AK, but I think in the long run.
- 43:36Yeah, I mean, you're going to see people in China and I guess
- 43:40Russia to there's going to be Fudd.
- 43:42And there's going to be a lot of news about how good things are
- 43:45within those countries for Bitcoin and all that.
- 43:49It's if you've been in here for longer than two years, you're
- 43:51going to see that they'll ban it and then they won't ban it and
- 43:55then they'll be like oh we didn't mean to do that, we said
- 43:59something else. So they're going to make it as
- 44:01confusing as possible for all the newcomers and that's
- 44:04probably why they keep saying. Oh it's banned.
- 44:07Oh no, it's not banned. We're doing all these things and
- 44:11Beijing and Hong Kong and Cetera to bring in more people are
- 44:15newer people but yeah they're just going to keep doing that
- 44:19until they no longer have control over the narrative.
- 44:24Yeah, yeah, 100% agree. And so when when when you when
- 44:31you winner, when are you and Larry going to allow this to,
- 44:35you know, take it's in one or you know what what are you going
- 44:39to become the 500 ATK gang? I think Larry wanted to get at
- 44:45least 58 million coins before we bring it up, so we'll figure it
- 44:50out as we go, but I don't think he has nearly that that amount
- 44:54right now. So I've been I've been telling
- 44:56them you know it's getting kind of hard to get like 58 million
- 44:58plus coins, maybe 58. Maybe, fifty, eight thousand
- 45:01coins. That might be more doable, but
- 45:03we'll see 58 million coins. They want everything.
- 45:07They want you to own nothing and be happy anyways.
- 45:10Everybody, let's get to the culture.
- 45:12We got a lot to talk about. Let's check it out.
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- 46:11concerns, please hit me up on Twitter or you can send me a
- 46:15message on the orange pill app and I'll be happy to answer any
- 46:18questions you might have. And also we are talking about
- 46:22the importance of self custody guys, you want to make it over
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- 46:56Anyways Opti, what are you talking about today?
- 46:58My bro well we do have a few topics here for Dennis but I
- 47:03think everyone in the chat wants to know what is special about 50
- 47:09AKA Dennis? What what is what is 58 K gang
- 47:12and what? Why is your Twitter does?
- 47:15Nothing but 58. okay, and then you also have this, this
- 47:22Prediction here. So what else do Tak?
- 47:26What is so special about? 58 K.
- 47:27Dennis we can start with that. So I think around was it April
- 47:32April 20-21, there are some pretty big accounts who are
- 47:36really complaining about they consistently complained about 50
- 47:40AK and how we weren't breaking it.
- 47:42We were trying to get to and I guess 69k, I don't really
- 47:45understand the significance of 69k but everyone really wanted
- 47:48it to be there. Not 58 K so I figured And I like
- 47:5358 Ki was pretty comfortable with that price, so I figured we
- 47:56would keep it there forever after that.
- 47:58And then everyone else started to say, they started to come
- 48:02along and say alright? Yeah well we'll do 50 AKA
- 48:04forever and yeah it's been it's been like that since and I don't
- 48:09see it. Going above 50 AK for too long
- 48:13and the next like I don't know a hundred fifty plus years.
- 48:16So yeah, that's pretty much how 58 came about Okay, my thanks
- 48:24question. If Bitcoin only ever gets to 58
- 48:29K or never gets above fifty eight.
- 48:31K is Bitcoin. A failure.
- 48:33No, because all these pundits and ridiculous Economist keeps
- 48:38saying, oh, Bitcoin is not stable, it's not how do I use
- 48:41it? If it's consistently going up
- 48:43and down. Well, we're here to solve that
- 48:46with just keeping it at 50 AK. Pretty simple.
- 48:51Genius. Okay.
- 48:54Okay, all right. Okay, all right did prime prime
- 48:59does look a little breaking breaking breaking tweet breaking
- 49:03sweet, Michael sailor. Just tweeted out a minute ago.
- 49:07The window to front run institutional demand is for
- 49:11Bitcoin is closing and he, quote tweeted a article from The Wall
- 49:16Street Journal, citing Citadel Fidelity and Schwab.
- 49:20Yes, ladies and Gentlemen The Herd is coming.
- 49:24You front run these people. You Fran Tran Black Rock, You,
- 49:27Fran Tran BlackRock pleb, you forgot ran 58 cave.
- 49:32Frant ran all these people. Now they're gonna want your
- 49:35freaking Bitcoin, do not give it to them, stay humble Stacks at
- 49:40side. The price manipulation is going
- 49:42to be absolutely freaking Bonkers.
- 49:46Don't sell your Bitcoin and take that Bitcoin in the self
- 49:49custody. Holy cow.
- 49:51Dude, this is crazy. This is nuts.
- 49:53And Opti I think once again I think we were first.
- 50:01Alright. Alright, alright.
- 50:02Dennis has been killing us, guys.
- 50:04If you didn't, if you can't tell, we're being a little
- 50:07satirical here, but let's get serious for a moment, dentist,
- 50:10because I did ask you this morning, what are some things
- 50:12that you'd like to talk about? So on a serious note, you said
- 50:16that there has been a lot of discussion around cbc's lately.
- 50:20So what's your thoughts on all this?
- 50:22And then we have a, you know, I have some articles and stuff of
- 50:24what you've been working on lately so that we can get into
- 50:26that as well. Yeah.
- 50:28Oh sure. I know that cbc's are basically
- 50:30off these fault, so I wanted to talk about that.
- 50:34I don't know. Like what if you really think
- 50:37about it, what's what's pretty much the difference between
- 50:40between a CBC in the system? We already have now To me, it's
- 50:44the same thing. Like it's already rolled out at
- 50:46this point. It's just people are starting to
- 50:48realize. Oh, maybe, yeah, I should be
- 50:51getting to something like Bitcoin because Fiat right now
- 50:55is pretty similar to what a CBC is already.
- 50:58So you might as well just move on to the next best thing or the
- 51:02best thing ever, which is Bitcoin.
- 51:05So I don't necessarily know the or understand why there's all
- 51:10this talk about cdc's. It's already here.
- 51:14Yeah, I agree with you 100%. I have one of my good friends,
- 51:19Mark Goodwin say the same thing. He's like, we already have a CB
- 51:21DC system. All our money's already digital.
- 51:24It's it does feel a lot like fear porn, you know, people like
- 51:28to talk about things and it's like, oh, you know, the tyrants
- 51:31are coming and it's like, they've been here.
- 51:33What are you talking about? We already live in this system.
- 51:36We already have social credit. Scores are just abstracted in
- 51:38the background. All right, next topic, since I
- 51:42think you thoroughly destroyed. That one in to sentence you, but
- 51:45you have a way with words, Dennis over here.
- 51:47The next thing you wanted to talk about and I do have some
- 51:50articles over here of yours but not one in particular on this
- 51:55topic but you are a contributor on coinbase, you do some
- 51:59writings over there and you want to talk about why there hasn't
- 52:04been more people adopting Bitcoin, so what's your thoughts
- 52:07on this? I think, in general, it's just a
- 52:10certain personality type that gets into Bitcoin before.
- 52:14I guess the masses are. There's Mass adoption.
- 52:17Usually, it's someone who's very open and you know, the people,
- 52:23the people who don't preach that they're open, anything like are
- 52:26the ones who are the ones, you know, actually adopting Bitcoin
- 52:30at this point versus the I guess the Maybe the maybe you could
- 52:37call them larpers, I guess, you know, the people who are open to
- 52:40everything and accepting of everyone.
- 52:41They're not necessarily to accepting of something like
- 52:43Bitcoin because it just totally breaks the whole system that
- 52:48they've been incentivised to protect.
- 52:51So there's a lot of that that's been going on.
- 52:54I think the the key that's at least what I've been noticing
- 52:58with. A lot of people in my day-to-day
- 53:01life is that they're getting, they're getting kind of black
- 53:03built and that could be Be pretty bad depending on like
- 53:08which way you see that? But There, there's a good chance
- 53:13that they might become orange killed after becoming becoming
- 53:17black-tailed. They kind of see like, oh, I
- 53:20can't buy as much now. It doesn't matter if I work
- 53:22harder because the money is deteriorating all at once.
- 53:26I need like, they basically might end up feeling like, oh,
- 53:30there's no point of me learning new skills, because if I earned
- 53:3420 extra K, on top of my current income.
- 53:36Well, that's going to deteriorate as soon as I don't
- 53:38know. They have another like Mass
- 53:41scare or something like that or some reason to print even more
- 53:44money than what's already being printed.
- 53:47But if you can find those people in your real life and you
- 53:51realize that or you noticed that they're becoming more concerned
- 53:55or that they're becoming more black filled or what's the term
- 53:59for it, they're becoming very critical of everything that's
- 54:03been going on. At least they're kind of waking
- 54:06up to what is actually happening in this system.
- 54:11So opting, I've talked about this like oh maybe a couple
- 54:16years ago but you want to give them kind of like the the light
- 54:19show. At that point they might notice
- 54:22that you're maybe a bit more optimistic than them and they'll
- 54:26probably wonder why your shop the Mystic or they give you a
- 54:29prompt of like oh yeah. Like such and such as happening
- 54:32in Canada things are burning down, blah blah blah.
- 54:36But at the same time, you're kind of on the side of like,
- 54:39well, I don't know. I like, I like I don't
- 54:44necessarily care for electric cars, Etc, and you're not
- 54:47necessarily upset about the current things that are going
- 54:50on. They might question that and
- 54:52you'll say, well, I, I've been using something called Bitcoin
- 54:56and, you know, you kind of just ease into the conversation
- 54:59versus just like bombarding them with all these facts and
- 55:01statistics about like, oh yeah, like hash rates up like at an
- 55:04all-time high, it's her So like just giving them all these terms
- 55:08that they might not be familiar with.
- 55:10Oh yeah, there's only gonna be 21 21 million.
- 55:12There's a hard cap like I'm pretty sure.
- 55:14Most people don't really know what a hard cap even means, but
- 55:17you kind of. Yeah.
- 55:17Nihilism. That's the word.
- 55:18Take the right. Thank you.
- 55:21Yeah. There's been a lot of that
- 55:22that's been going on, but I think that's the natural process
- 55:25of where people are going, is just becoming more nihilistic,
- 55:28which I think is better in my opinion than just accepting the
- 55:34way things are. Because if They're heading
- 55:36towards nihilism. You have an opportunity to steer
- 55:38them in a Direction that's more hopeful but it really depends on
- 55:43the person like if they're a bit more open than most other
- 55:46people, then it's going to be easier to orange, peel them at
- 55:49that point. Love it.
- 55:53Let's someone here in the chat. Skip on word says what is black
- 55:57pilled and it's basically what Dennis was just talking about.
- 56:00Yeah nihilism and instead of taking the red pill and opening
- 56:04your eyes and knowing that you need to change its like you eat
- 56:07the black pillow and you really like feel hopeless like there's
- 56:10nothing going on, there's no way out of this.
- 56:13But um, you do do some books, a bunch of writings for coin beast
- 56:18and I think this one might Befitting.
- 56:21I have a few of here, a few of your articles here.
- 56:24This one is why Bitcoin is in a bubble.
- 56:26You have can another cryptocurrency replays Bitcoin
- 56:29and the most common misconceptions.
- 56:30But since we are getting into the stage where new people are
- 56:35coming, do you think you kind of mentioned it a minute ago of the
- 56:40idea that that was at a DOT Bitcoin?
- 56:43Have like a certain personality but I kind of have this new
- 56:46thesis like moving forward that it's becoming easier and easier
- 56:49for more people. You adopt Bitcoin and like this
- 56:53title is called, you know, why Bitcoin is in a bubble?
- 56:55Do you think moving forward as number goes up that people will
- 56:59have to study Bitcoin as much as we do or will just become that
- 57:03much simpler for people to understand as it becomes
- 57:06synonymous, with just living in the digital world and the
- 57:08internet world that we live in? Yeah, it'll definitely become
- 57:12easier. There are a lot of people
- 57:14actually that I met at the Bitcoin conference this past.
- 57:19Yeah, back in May but Bitcoin magazine.
- 57:22So a lot of them were pretty much orange killed within.
- 57:27I don't know less than a year like class of 2020, one class of
- 57:302020 to. They got it really quick because
- 57:34of all the resources that are out there now and I think that's
- 57:37amazing. It's going to get to the point
- 57:39where You don't have to have multiple touches with Bitcoin,
- 57:45you'll just if you've never, I don't know.
- 57:47Like if a child grows up in a world where Bitcoins a bit more
- 57:52mainstream, they don't need three plus touches or
- 57:56interactions with Bitcoin to be like, oh, maybe I should look
- 57:59into this and actually take it. Seriously, I don't just be a way
- 58:02of life at that point and I think it's getting closer and
- 58:05closer to that it's just like the internet.
- 58:08They'll just I mean it's been said multiple Full times that
- 58:12people just use it and they don't actually know that, you
- 58:17know, they have to get internet from an ISP or something like
- 58:19that. Yeah, 100% sigh.
- 58:22I'm laughing. I'm laughing at the chat over
- 58:24here. We have one question here.
- 58:27Dennis Elaine as your real last name.
- 58:30Sap bro, your name is literally a meme where you born a big
- 58:35corner or actually it's a chicken or the egg question.
- 58:38Our bitcoiners board. Are they created?
- 58:41And I mean, your last name is literally sat bro, like you
- 58:44couldn't make up, couldn't make up the meme.
- 58:46No, wonder, you are 58 keg? Yeah, yeah.
- 58:49I don't, I don't know, I guess. I don't know like every every
- 58:53Bitcoin or that you know will tell you that they've been
- 58:57prepped to become a big corner and maybe some are more so
- 59:00prepped than others. But eventually we all end up in
- 59:02the same place of saying, well this is the better system, let's
- 59:06just stay here. Yeah, 100% well Dennis guys
- 59:12don't change the way up before we go on.
- 59:19Who is Chad goes over here simply Bitcoin the only show
- 59:23that trolls a toast. Let's go guys, go check out.
- 59:29Dennis on Twitter, go check them out on coin bees.
- 59:33He's got all kinds of writings this.
- 59:36I think this is kind of the point that we bring on.
- 59:38Only Bitcoin content creators from around the space, but our
- 59:41friends and I think this is the point where I tell you guys, the
- 59:46message that I say all the time, this is the importance of
- 59:48spreading Bitcoin signal because like you said it yourself,
- 59:51Dennis. And I noticed this as well.
- 59:53I think the newer bitcoiners have an easier time of becoming
- 59:56bitcoiners because of the the magnitude and the excellent of
- 1:00:01the Bitcoin only content that has been created since we got
- 1:00:04into space. So kudos to you bro.
- 1:00:06Everyone go check them out but Nick Well, I know where an hour,
- 1:00:09but we have to get to the memes or else I'm going to literally,
- 1:00:12we're doing, memes, weird? Yeah, let's get, let's get to
- 1:00:15the meeting. Let's jump this.
- 1:00:16Jump into the memes. Let's do it.
- 1:00:21The daily meme review brought to you by Kaboom racks.
- 1:00:25I get this question all the time.
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- 1:00:30It's the best place to buy Bitcoin miners.
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- 1:00:44start your mining Journey today. Kaboom racks.
- 1:00:48Mmm. All right guys.
- 1:00:53Well you already know the deal. This is the mean review for you
- 1:00:56guys send us to memes and we cover them live.
- 1:00:58So tag me on Twitter or send them in our telegram group and I
- 1:01:02will find them and I will bring them on the show.
- 1:01:05Of course, tweet to the bullets, means you're the artillery, we
- 1:01:07are in an information War. So as we just covered a minute
- 1:01:10ago, continue to spread the signal, wake up your friends
- 1:01:15right to the corporate press. Keep your friends so that their
- 1:01:22morale stays up because it does get dark out there and people do
- 1:01:26get black pilled in. This is part of the Journey of
- 1:01:28making. Sure that people keep their
- 1:01:29heads on straight and know what we are battling for an and as
- 1:01:32we've been talking about and Twitter spaces for a while.
- 1:01:35I think now's a good time to ask yourself, what are you here for?
- 1:01:38Because, you know, the institutions are at the gate and
- 1:01:42what do you what do you want to do?
- 1:01:43Here? You here just to get rich, are
- 1:01:45you here to separate money from State?
- 1:01:47This is what memes are about. This is what One should be
- 1:01:49asking themselves at this moment.
- 1:01:51Anyways. Anyways, anyways, I'll get off
- 1:01:54my soapbox for today. First meme is by our boy BTC
- 1:01:57Kaz. And he goes bring it BlackRock
- 1:01:58hashtag get forked and we got the this giant cat, little cat
- 1:02:03with laser eyes and Laser coming out his paws and it goes my node
- 1:02:07and then everyone running out of the ocean and it's a Bitcoin
- 1:02:09hard Fork back to everyone. Thinking that black rock is
- 1:02:13going to come into the space and try to hard Fork, the network.
- 1:02:16Anyways, this next meme on yesterday's show, shouts out the
- 1:02:18Bitcoin. Underscore ater.
- 1:02:20And this is the classic gun meme behind, you know, gun behind the
- 1:02:24person behind the person. So we got coinbase and then we
- 1:02:27got the girl behind her with the gun is SEC, and then behind her
- 1:02:31is Blackrock. And then with the sniper, it is
- 1:02:34the self custody. Bitcoin Maxis.
- 1:02:37This is the way, okay? This next one chefs up to Darth
- 1:02:41in our telegram group. I really like this one.
- 1:02:45I was going to put this one yesterday next to the fact that
- 1:02:49the Governments printed seven trillion dollars, it would have
- 1:02:51hit a little harder but I added some other means here and we got
- 1:02:54a baldy go in a cage and it says this is his thoughts.
- 1:02:58I should have voted harder. If you guys know anything about
- 1:03:02this show, we ridiculed the idea of just vote harder guys.
- 1:03:05You can you can change it from the inside guys, just vote the
- 1:03:08right politician in man, just vote harder.
- 1:03:10No fix the money, fix the world. Okay, this next meme is by Maxis
- 1:03:15club and it goes for 30. We are not the same and we got
- 1:03:18to stands here. Here one says, when to buy, when
- 1:03:21to sell, this is to all you Tea Leaf.
- 1:03:24Reading ta group leaders on Twitter that are trying to
- 1:03:29Corral you and make you pay them for their signals.
- 1:03:32He goes I buy Bitcoin to have more dollars and then we have
- 1:03:34the bitcoiners over here that says study Bitcoin on his side
- 1:03:37and goes I buy Bitcoin to have less dollars and we got the new
- 1:03:41Bitcoin are--that's calling the Fiat Maxi a noob.
- 1:03:46We are not the same. We dump our Fiat as quickly as
- 1:03:50possible, capitulate your Fiat and stack them.
- 1:03:52Sad, pixelate your Fiat. That's right.
- 1:03:54I love that. This is the way okay this next
- 1:03:56game is way by the BTC therapist and it goes nothing beats
- 1:03:59proof-of-work hashtag BTC and we got the Atlas Shrugged Meme here
- 1:04:04the play on it I think it's no I forget it's Sofia.
- 1:04:08So I think forgive me for my not knowing Greek mythology.
- 1:04:12Anyways we got a Bitcoin or with lady's eyes pushing the Bitcoin
- 1:04:15logo up. The hill and it goes bitcoiners
- 1:04:18are built different because nothing beats proof-of-work.
- 1:04:21This next bull runs going. The therapist roast, the
- 1:04:24therapist, by the way, for anyone who doesn't know
- 1:04:26therapist is part of the simply Bitcoin team.
- 1:04:28He's the human, he's the chief amim officer behind all the, all
- 1:04:34the freaking crazy memes, drop in from the simply account.
- 1:04:38So shout okay, brother. It's next one, is by our boy,
- 1:04:41Chris alaimo producer for Bitcoin mag and he's quote
- 1:04:44tweeting Odell that says it has been An absolute pleasure
- 1:04:47front-running BlackRock with you all stay humble and stack SATs,
- 1:04:51and Crystal ammo. Did the classic Padme Anakin
- 1:04:56Skywalker Meme? And he goes me, stay humble
- 1:04:59stack sets. And we got black Rockets had
- 1:05:01mangos. You're going to show me your
- 1:05:02Bitcoin now, right? And he does the smile and smirk.
- 1:05:05Wait, you're going to sell me your Bitcoin now, right?
- 1:05:07No. We are not do not get wrecked in
- 1:05:10the hot oil by out Zone because they are coming for your Bitcoin
- 1:05:15huddled. Those Bitcoins Tends to infinity
- 1:05:18and beyond. Anyways, this next Bitcoin meme
- 1:05:20is by toxic Bitcoin and goes cry harder and we have two pictures
- 1:05:24here, we have perception Bitcoin, being a small portion
- 1:05:27of crypto which is its own bubble and then we got Fiat
- 1:05:31which is its own Circle and then we have gold being its own thing
- 1:05:34as well on the side. When in reality there is Bitcoin
- 1:05:38and there is shit coins and the shit coins include the standard
- 1:05:41shit coin. That is your favorite shit.
- 1:05:43Coin. That is on a crypto shit, coin
- 1:05:45casino as well. As the Fiat currencies, as well
- 1:05:47as gold, if it is not Bitcoin, it is a shit coin.
- 1:05:51Anyways, this last meme is by Mimi Bitcoin in and it goes,
- 1:05:55what do you back by? And we got a big coin here and
- 1:05:57it goes, I'm not back by anything.
- 1:05:59I am the one. Who backs, everything,
- 1:06:01everything will get repriced in Bitcoin in sad.
- 1:06:05That this is the way. Do not sell your Bitcoin for
- 1:06:10measly paper money for Fiat currencies or else.
- 1:06:15You're not going to make it through to the promised land,
- 1:06:17and you can have fun. Staying poor.
- 1:06:19Anyway, drop your team to be scored in the chat as we cover
- 1:06:23hours live. Okay?
- 1:06:24Mine, is this toothpick jar with a bow tie?
- 1:06:30Oh it's great, it's invisible and visible bowtie invisible bow
- 1:06:34tie, I'm gonna give it a my favorite Bitcoin.
- 1:06:38One of my favorite Bitcoin conference is of the year, the
- 1:06:41Pacific Bitcoin hat. It's the Pacific Bitcoin
- 1:06:44Festival. This Here we have a promo code
- 1:06:46for you guys. You could use promo code simply
- 1:06:48to get 20% of your tickets to Pacific the Pacific Bitcoin
- 1:06:52Festival. Opting are going to be there.
- 1:06:53It's gonna be a great old time hope to see you guys in Los
- 1:06:56Angeles, California. Anyways.
- 1:06:58Dennis what would you give those memes?
- 1:07:01So I recently my Fiat wallet broke, so I figured, I might as
- 1:07:06well just use a binder clip as my new feel wallet.
- 1:07:11So if you have a few wallet at this point and you're not buying
- 1:07:14something like a jade or seed signer, you're pretty much for
- 1:07:18Bitcoin. I like cars I like that very
- 1:07:22very wise words from Dennis. Anyways everybody before we get
- 1:07:25to the live chat scores. I want to give a very very very
- 1:07:28special. Shout out from our Clothing
- 1:07:31sponsor opting. I wear the merge Every Single
- 1:07:33Day. Represent LTD.com.
- 1:07:35I'm wearing the camo grenade, represent grenade.
- 1:07:38I called the freedom grenade and Opti is it's a metaphorical
- 1:07:42grenade just just so, you know, YouTube and Opti is wearing the
- 1:07:46decentralized core. You know, it's a little nod to
- 1:07:50to bitcoin and the classic simply Bitcoin hat you can get
- 1:07:54all this stuff on representing t.com, use promo code simply
- 1:07:57Dash Bitcoin. Also breaking news Opti is 18
- 1:08:01Chrissy is upset. Anyways everybody let's get to
- 1:08:06let's get to, let's get to the live chat.
- 1:08:09Let's pull up some memes Opti. Let's do this bro.
- 1:08:11But first cue the epic music, Steve Dre, main score, one
- 1:08:22Iranian real coin. Okay, you mean shit Point Phil,
- 1:08:26see I give the memes 58 K as a distant memory.
- 1:08:29Oh, I get a lot on I guess. Dennis meme will not have
- 1:08:35longevity in this will be a niche.
- 1:08:36Meme Elena hated black rocks paper, Bitcoin sends Millions to
- 1:08:40real Bitcoin and self custody. Beautiful, beautiful, Roman
- 1:08:44means score. Are you not entertained?
- 1:08:47Are you not entertained? Alright, Igor.
- 1:08:50I give the memes the stack every day from 58.
- 1:08:52K. Okay, I love that.
- 1:08:54Love that. Next one, Bitcoin for Canadians.
- 1:08:5758 case the new 3K I give the memes Breaking Bad.
- 1:09:01Confidence to all the Hardware's love that.
- 1:09:03Love that hot aucoin. I give the memes a non-custodial
- 1:09:07private key for BlackRock middle finger, take the ride.
- 1:09:11I give the memes once at bot at 58 K.
- 1:09:14Very, very, very nice. Victor Salazar, I give the
- 1:09:19memes, quote, it's staying at 58.
- 1:09:21K forever, Laura. Okay Tameka this one is PG.
- 1:09:26Just don't read the name. All right.
- 1:09:30He's desire for BlackRock 58 million.
- 1:09:34Bitcoiners is possible with block kuraki, Tia.
- 1:09:39You txo I give the memes one Bolivar back note banknote from
- 1:09:43Venezuela another shit coin. All right are we are we buzzing
- 1:09:48it Arie buzzing it. All right everybody thank you so
- 1:09:53much for tuning in. Make sure to join simply
- 1:09:55Bitcoins telegram group, we're almost at 1000 people.
- 1:09:57Shout out to Darth coin for holding it down and shout and
- 1:10:00check out the written version of this show.
- 1:10:03Go to Simply Bitcoin dot news. Shout out to Sir Ulrich he just
- 1:10:06dropped an awesome article. On are simply Bitcoin sub stack.
- 1:10:11And also if you guys feel so inclined to help us support the
- 1:10:13show, subscribe to our sub stack, even though everything we
- 1:10:16do is free, you know, if you feel so inclined, we really,
- 1:10:18really appreciate it. Also we want to give a shout-out
- 1:10:21to our awesome guest today. Thank you so much for joining us
- 1:10:24today, bro. Appreciate it.
- 1:10:26Also at the same time. Fuck you, 458 K.
- 1:10:29I wanted to go a lot higher than that.
- 1:10:31But you know, you got to do what you got to do and you know,
- 1:10:34someone has to work with Larry Fink I guess.
- 1:10:36Yeah, well I'll talk to him. We'll talk about it, but no
- 1:10:41promises. But yeah, thank you.
- 1:10:42Thanks so much. Nico and off to you for having
- 1:10:44me on. This was, it's always fun.
- 1:10:46It was fun. Yeah, I appreciate it, man.
- 1:10:49Dennis has some of the, the best humor on bitcoin Twitter.
- 1:10:52You guys could follow Matt Satoshi.
- 1:10:53Dennis on Twitter. If you want to find him, I'm
- 1:10:56sure he's on Doster as well. Dennis, it's been an honor.
- 1:10:58Thank you so much for joining us on simply Bitcoin live today,
- 1:11:01guys. Thank you so much for tuning in
- 1:11:02to the show. If you enjoyed the show, you
- 1:11:03know, to do. Smash that like button, consider
- 1:11:05subscribing. If you feel like we provided you
- 1:11:07Valley, but the number one thing, You could do to help push
- 1:11:10the peaceful Bitcoin Revolution forward is share this content in
- 1:11:14fact, share all Bitcoin content, don't be exclusive, be
- 1:11:17inclusive, don't hear. Don't share shit coin content
- 1:11:21that's counterproductive like the best producer in the in the
- 1:11:23game. Always says don't shit coin.
- 1:11:26It's bad for you. Love you all will be back
- 1:11:28tomorrow 12:15 p.m. Eastern Standard Time for
- 1:11:31another episode of Simply Bitcoin live.
- 1:11:33Peace out. Today was fun.
- 1:11:44Fun, show be here with Dennis. I think he trolled out the chat
- 1:11:48a little too much. And maybe I'm a little PTSD
- 1:11:52because I don't know people catch the sarcasm on the show
- 1:11:54all the time because we're so serious.
- 1:11:57Most of the time that when we're sarcastic, it might go over
- 1:12:01people's heads. Anyways, you already know the
- 1:12:03deal. This is a Bitcoin only Space by
- 1:12:05bitcoiners for bitcoiners. So come up here, add your two
- 1:12:08sets to the conversation. Do not be shy.
- 1:12:10We want to hear from you guys on On Twitter spaces.
- 1:12:13So I do see some friends if I have to pick on you guys I will.
- 1:12:18But come up here, add your two sets to the combo and we will
- 1:12:23keep the show going on Twitter anyways.
- 1:12:28Anyways I kind of want to I kind of want to go back to the
- 1:12:31numbers for a moment. If you guys were here for the
- 1:12:35numbers, Thank you, Dennis. I see your chat.
- 1:12:41See your chat? All right.
- 1:12:38Thank you, Dennis. I see your chat.
- 1:12:41See your chat? All right.