Latest / Simply Bitcoin / US Government Begins Targeting Bitcoin Miners | EP 469
Transcript
- 0:06Welcome back everyone. We're simply Bitcoin.
- 0:08We break down the news. The daily fail mean review.
- 0:12Software releases Hardware releases, the pleb sites.
- 0:15Joining us today fellow Bitcoin Ur friend of the show and twitch
- 0:22project manager at Bitcoin magazine I am talking about
- 0:26Chris alaimo. He is joining us Chris Watson.
- 0:30Up. How's it going, everyone happy
- 0:31to be here, very cool. Alright you guys know the deal
- 0:34we are diving into the numbers. Let's do it brought to you by
- 0:38not all they make some of the best Bitcoin nodes.
- 0:41This is the novel JoJo, it's red, that means it's faster.
- 0:44Remember if you don't run your own note, you're running someone
- 0:47else's run your version of Bitcoin core and the lightning
- 0:50Network, all in the comfort of your home.
- 0:53Get yourself a novel dojo today. At the time of this recording,
- 0:57the block height is 730. He won the Bitcoin price, 40
- 1:011415, a chain rewrite days, 747 total public lightning capacity,
- 1:073680 6.99 Moscow time, 24 15 blocks to The Happening, 107,000
- 1:16229 and the samurai Whirlpool unspent capacity, Samurai
- 1:22Whirlpool is a coin join or collaborative.
- 1:25Spend, it is not a mixing service and the unspent capacity
- 1:28in that pool. Is 4499.
- 1:32BTC Nico the numbers dude, the numbers are so boring that you
- 1:39guys haven't noticed that we've been using the same pre-recorded
- 1:43thing for the last 20 episodes. You guys haven't noticed.
- 1:48It's literally that's how boring the numbers have been.
- 1:51I'm totally fucking joking with you guys, but still, you
- 1:54wouldn't have noticed that. I said that you probably
- 1:57wouldn't have noticed anyway, which kind of proves my point.
- 2:00Point. Anyways I was remembering the
- 2:02changes none of it changes. Bitcoin is the new stable coin
- 2:06anyways moving on. Okay so I have some really
- 2:09interesting CPI Consumer Price Index fancy way of saying the
- 2:16inflation index the official inflation index released by the
- 2:22Federal Reserve. So it's really interesting
- 2:24because what this website does and remember what I tell you
- 2:29about it, guys about Out the CPI, the CPI is kind of
- 2:31engineered and tinkered with so that you don't like if the
- 2:37actual inflation rate is hidden, right?
- 2:40But if you use because it's all public information, if you use
- 2:44the previous ways of how in the previous years of how they
- 2:48calculated the CPI, the actual rate of inflation shows a lot
- 2:54more and it's more connected to what you're seeing in the rise
- 2:58in home prices and the rise and fall.
- 3:00Right? Just very interesting stuff.
- 3:02So this blue line is using the 1990, you know, Funk.
- 3:09Like the way they calculated back in the 1990s and as you can
- 3:13see, inflation is it's gone off the fucking shark my dude.
- 3:18So it's literally, you know, here's the 10, here's the blue
- 3:21line, it's way above 15%. Now, here's an even better part,
- 3:25right? This is if we use the method
- 3:28used back in the 80s where inflation was actually really
- 3:32really bad, right? Dude, we are past.
- 3:35We are above 15%. If we use the CPI calculation
- 3:42from back in the 80s and we are above 10%.
- 3:46If we use the CPI calculation from back in the 90s, compare it
- 3:51to how the CPI calculated today, right?
- 3:54It's totally cooked, you know, because you'll nothing and be
- 3:57happy. But anyways, moving on.
- 4:00To this, right? Which is, let's, let's kind of
- 4:05agree on something, right? The things that Americans most
- 4:09spend money on our energy and food, right?
- 4:13And what is the actual, what is the actual rise in food and
- 4:18energy? Well, in terms of gas, if you
- 4:21haven't filled up your car lately, or maybe like the B
- 4:24Administration is like, hey, you know, just get an electric car
- 4:27but most peasants, most, most of us peasants Can't afford that.
- 4:30So anyways, regular gray gas and reached for four dollars and
- 4:34four dollars and Seventeen cents on Tuesday a 55% increase from a
- 4:38week ago. This increase is in addition to
- 4:41the 40 percent year-over-year increase in gas prices as of the
- 4:45end of January. So that's a 40% increase.
- 4:49Now let's talk about homes in Miami, it's about 37% increase,
- 4:54right, but the average in the u.s. is about 15%.
- 4:59Now, let's talk about food, right?
- 5:02Beef, veal 16% pork 14%, poultry chicken 12.5%, fists and seafood
- 5:0910%. You got the picture, it really
- 5:12looks like the real rate of inflation is much higher than
- 5:15the 8.4 advertised rate and if you even use, that's not
- 5:20speculation. If you use the Feds all previous
- 5:23methods of calculating, this shit, it actually tells you.
- 5:27That's exactly the rate of inflation.
- 5:29Between 15 and 20%. Now, why the fuck should you
- 5:32guys care about all this? I'll tell you why this is priced
- 5:36in Bitcoin 21 and even with the goddamn plays should being 15%
- 5:42or at least I made the case for that.
- 5:45This is consumer goods, but if you dominated and Bitcoin, a
- 5:51medium new house, let me minimize.
- 5:54This would cost you 95.9 1% less.
- 5:59If you were saving it Bitcoin, an average new car would be 96%,
- 6:04ground beef. Would be 96% chicken, 95%
- 6:10sirloin, steak, 95%. So what are the two fucking
- 6:15choices in front of you? 15% for more fucking housing?
- 6:2115% for pork and veal veal, or you fucking denominated in
- 6:27Bitcoin, and it's literally 95% fucking less.
- 6:31It doesn't take a rocket scientist Bitcoin really does
- 6:35fix that, just people having woken up to it.
- 6:38Anyways, I hope I made my case. Chris, what are your thoughts on
- 6:41this? I mean, it's crazy.
- 6:44I mean, if you were, if you replace the numbers in the
- 6:46basket of goods, you can make anything look good.
- 6:49You know, it's like how to lie with statistics No, Bill Gates,
- 6:51shout out to him, like, recommending that book years
- 6:54ago, but yeah, if you want to replace it, or if you want to
- 6:58change the dimensions that have selling a gallon of milk, it's a
- 7:00quart of milk and the price looks like it went down.
- 7:02You can manipulate numbers to make them look, however you
- 7:04want. But it's people on the streets
- 7:07for the people that don't have a lot of money can tell the
- 7:09difference. Because when they're going to
- 7:10the grocery store and they're trying to buy for their family
- 7:13of four or however, big, their family is, they can see that
- 7:15they're getting less bang for their buck in u.s.
- 7:18Cut books or whatever fiat currency they're using.
- 7:21Ying. Absolutely.
- 7:22It's just it's like this is the only thing that the government
- 7:27propaganda can't convince people of because of the sticker price
- 7:31but again this is a Bitcoin show so we're not going to just bitch
- 7:35like a lot of the other political shows were actually
- 7:37giving you a solution Bitcoin does fix this if you start to
- 7:41nominating your wealth in Bitcoin rather than in Fiat.
- 7:45What tends to happen is all those crazy price increases for
- 7:49you. The price has an The price has
- 7:52actually been gone down because it's in Bitcoin anyways.
- 7:56Phil what are your thoughts? Yeah you know the other piece to
- 7:59this is that We have, you know, the US dollar, right?
- 8:05It has more power than every other currency in the world.
- 8:10Write it all the pretty much the majority of the world's dead is
- 8:12denominated in u.s. dollars. So we're looking at these price
- 8:16increases, how much worse is it for everyone else around the
- 8:19world. Like, we're always showing data
- 8:20from the US, right? Like this is much worse
- 8:24everywhere else, so that. So the other piece to this is
- 8:26this, that data is still incorrect because it doesn't
- 8:31calculate. Everything.
- 8:33So we know that when we go to the grocery store or when we go
- 8:37to the pomp or we go to buy a new home, like I can tell you,
- 8:40you know, like, I can tell you, from six years ago, seven years
- 8:43ago, you know, like our house appreciated almost, what was it?
- 8:47Like 85%. And and did it really appreciate
- 8:5185% or is the money just worth a lot less and people understand
- 8:56that. So they're willing to spend a
- 8:57lot more of it to get an asset that they think can at least
- 9:01hold its value and not lose its value.
- 9:04So so look you know those numbers, the numbers from the
- 9:0880s I think that's a little bit more accurate to where we are
- 9:12but I think that we're even closer to like the 20% than like
- 9:15the 22% but that's just me and I you know, I could definitely be
- 9:20But it definitely doesn't feel like just like 10% or 15%.
- 9:24No, not if you're buying groceries, not if you're paying
- 9:26for gas, like if you're actually paying for these things, it
- 9:28definitely feels like a lot more.
- 9:30But this all this all matters. If you're denominating in
- 9:34fiallo. Yes.
- 9:35The point that I want you guys to take away from this is that
- 9:38with all this political upheaval, these crazy coox right
- 9:42that you know run the money, right?
- 9:44You have a way of opting out and even with this record inflation
- 9:48that they're trying to hide what By rigging the CPI numbers.
- 9:52Like I showed you, if you bought Bitcoin, if your denominating
- 9:55Bitcoin starting five years ago, that house that you wanted to
- 9:59buy is 95 percent cheaper and that's the fucking signal.
- 10:04But anyways, Phil it's time for the daily fail.
- 10:08Brought to you by Amber app. Check them out.
- 10:10Amber dot app. It is an app for stacking by
- 10:14actual bitcoiners, low fees, Fair spreads smart automation.
- 10:17The link is down below But smart ways.
- 10:21That sounds alright. So we've got we've got three
- 10:25fails. One of them could have been in
- 10:27the meme review but we have to cover it as a fail.
- 10:31But first, we are going to dive into something that we've
- 10:34actually covered in the past, right?
- 10:36We've talked about influencers that chill and how much they get
- 10:39paid and we got tagged by I see Osa.
- 10:42Not in this list from Zach xbt. Judging by the cringe responses
- 10:48from people like zubi. This list is seemingly real, so
- 10:52cuz he definitely freaked out about that.
- 10:55Anyways, let's just take a quick look at this list, right?
- 10:58So these are, these are essentially crypto shills, right
- 11:02in the crypto, the crypto space, and this is essentially the list
- 11:08that this details their followers, what they charge for
- 11:12a shill tweet, what they charge for a retweet.
- 11:15And my favorite, the package deal, right?
- 11:18You get a package. You'll for your shell.
- 11:20So when you know, when you sit there and you don't, you know,
- 11:23you think that somebody actually believes in this shit coin and
- 11:27you know, they've done their homework, you gotta be aware
- 11:30that there's a lot of people that are simply being paid to
- 11:33tell you that. This is something that it's not.
- 11:36Anyways, I really don't know, most of the names on this list
- 11:42with the exception of zubi and Lindsay Lohan.
- 11:47I really I really don't but if we take A look at Zumiez right?
- 11:51He charges 4,000 bucks for retweet.
- 11:54Eight thousand dollars for a she'll tweet but the package
- 11:57deal is 15 grand. So somehow if you just buy them
- 12:02separately it costs you less than if you buy the package
- 12:05deal. I don't I don't get that should
- 12:07in the package deal cost less. Anyways I mean it's maybe I'm
- 12:11just more of an impact so it's you know, is that how that works
- 12:15is? It's right.
- 12:16I have no fucking, we don't know.
- 12:18We don't ya like we don't do this.
- 12:20Another another funny account that I found on this was crypto
- 12:24Sarah or who I lovingly like to call shit coin.
- 12:27Sarah. So I found her when I first got
- 12:30into into crypto Twitter right before I found Bitcoin Twitter
- 12:34and it's very interesting I find the type of person that and it's
- 12:40not just her it's anybody that does this.
- 12:41But I found this incredibly cringe because this is a, you
- 12:44know, this is a big influencer account that Scheels complete
- 12:46dog shit. Okay.
- 12:48And what's interesting is You have to wonder about a person
- 12:51that literally takes other people's tweets, and instead of
- 12:54retweeting them and giving the original the original poster
- 12:57credit. They post it as their own so
- 13:00that they can get credit. So it's not enough that you have
- 13:02like 100 K followers, or 250k followers.
- 13:05Like, you can't even be humble enough to at least give the
- 13:09original poster credit. Like, it's just so strange to me
- 13:12like this is Twitter. What is wrong with people?
- 13:16Just give people credit. There's nothing wrong with that.
- 13:18Anyways, look the point. It is, is that these people are
- 13:22Shilling garbage, you gotta be careful.
- 13:24So, there's a lot of marketing and it's look the shit coin
- 13:29companies. Have the money.
- 13:31They have the money Bitcoin. It comes from the heart, right?
- 13:34We dive into Bitcoin. We see its qualities and we say,
- 13:37you know what, we want other people to enjoy those qualities.
- 13:40Nobody is paying us to show Bitcoin when we started the
- 13:43show, we had zero sponsors, okay?
- 13:46It like that, that's just the truth.
- 13:48If all of our sponsors told us the fuck off right now, we would
- 13:50still continue to do the show. We, it doesn't matter because we
- 13:54love Bitcoin these shit coin people.
- 13:57They would leave at the drop of a hat.
- 13:59They show you one piece of garbage.
- 14:00Once those people stopped paying them once that company stops
- 14:02paying them. That's it.
- 14:03They move on to the next thing. Doesn't matter that that you
- 14:06bought into the idea that they tried to sell you.
- 14:08Anyways for we move on Nico, your thoughts on this.
- 14:12Yeah, dude, I think you absolutely freakin nailed it
- 14:15like always, you know, this is part of the reason that we, you
- 14:19know, we only Take sponsors, right, because that way, you
- 14:22know, and again we're you know, we try to be as ethical as
- 14:25possible with the sponsors as well.
- 14:28So they have to align with, you know, Bitcoins principles,
- 14:31right? But we take sponsors so that we
- 14:33don't have to, you know, release page Hills.
- 14:36Right. You know, and are, and we're
- 14:38very transparent about who our sponsors are because you guys
- 14:41have to hear them every episode, right?
- 14:43So, so yeah, man, I completely agree.
- 14:46Phil, you know, it's a shame. I said this when psychedelic
- 14:49barked we did, About it. These people have lot sold their
- 14:52soul, you know, they just don't care, right?
- 14:53And that's something that would like to keep and make YouTube
- 14:57videos, which apparently is incredibly hard for people.
- 15:00Anyways, Chris, what are your thoughts on this?
- 15:03I mean, Lindsay, Lohan's making bank.
- 15:04I mean maybe she went bankrupt but the amount for her package
- 15:07deal, I mean, I guess she could climb her way out of that.
- 15:10We actually had talks about this at Bitcoin magazine today.
- 15:13And, you know, her package deal is more money than some people
- 15:17make in a year, which is crazy to think about Yeah, yeah, it's
- 15:21like crazy to think about like how much money that is.
- 15:24Dude, it's absolutely nuts. And I've had these, you know,
- 15:28fucking companies reach out to me and it's the same shit.
- 15:31Dude. They try to entice you with dog
- 15:34shit. You know and a Payday, right?
- 15:37And if you do that I think you're selling your soul.
- 15:40Anyways, Phil, what's the next fail?
- 15:42All right so you know how we always talk about the memes,
- 15:47they need to make sense, right? Me memes need to in order to be
- 15:52powerful, they have to convey truth.
- 15:55And what do we, you know, what have we said about shit coin
- 15:57memes. They the reason why they don't
- 15:59work is because they don't convey any truth.
- 16:00They don't make any sense so that, you know, to the shit
- 16:03coiners that I go. Yeah, this is great, but it
- 16:05makes no sense at all. Because it's not grounded in
- 16:07reality, it isn't based in truth.
- 16:10And with that, let's take a look at this.
- 16:13Okay, we were tired. Obviously, I think this was Ico,
- 16:17so not again, but let's take a look at this.
- 16:19Okay, the merge is coming. Now let's let's really look this
- 16:24me. Okay, this is this is what
- 16:27happens in a shit coin fantasy reality.
- 16:31Okay, look, the proof of work people sailor and dice and
- 16:35Dorsey are suffering and proof-of-work.
- 16:38Hell, okay, while the shit coiners are living in a fantasy
- 16:43rainbow lab? Well, they're not now living in
- 16:46a Utopia and I'm using, I'm using that word Purpose.
- 16:50Is that what that is Nico? That that is a Utopia for this
- 16:54is Utopia. That is Utopia bro.
- 16:56This applies the Butterfinger around the butterfly.
- 16:58Yeah. Maybe they think that and there
- 17:00and there you got a nightmares. That's your that's the utopian
- 17:04Vision bro. Everything's perfect.
- 17:06It's cringe as fuck. Anyways, it's a terrible meme.
- 17:08It doesn't make sense because it's not true.
- 17:11We've already debunked proof-of-work.
- 17:13The merge already got pushed back by six months.
- 17:16They've been promising. Proof of stake since 2016 8, It
- 17:19keeps having bigger and bigger bugs.
- 17:22There's thirty three point six billion dollars locked into a
- 17:26shit coin contract. That can't be moved.
- 17:28It's a utopian Vision are insane Kopi, Envision proof of stake.
- 17:34It's coming, it's coming. The Utopias coming, the Yutaka
- 17:37is coming, it's not coming, I'm coming, it's not coming like
- 17:40this, this isn't happening. We're not having this weird guy
- 17:42with the purple with the purple. Double triangle head.
- 17:45Okay, he's not he's not he's not hanging out with anyone.
- 17:47When you open up tonight to take a piss.
- 17:49Guys, going to be right there. This guy freaks me out.
- 17:52I actually know part of a society where this random shit
- 17:57coin creation is wandering around.
- 17:58As has three fingers to look at that.
- 18:01Yeah, fucking I don't know man, I don't know.
- 18:04Anyways, anyways, moving on moving on.
- 18:08Okay, so look on a serious note, right?
- 18:11We get attacked. We've said this before we get
- 18:12attacked on the you know with with ESG bullshit we get
- 18:15attacked by the, you know, the treasury Department, the
- 18:19governments of The world Bitcoin is used for illicit activity and
- 18:22all in all of this garbage. All of this noise.
- 18:24Okay? So here we go.
- 18:26We heard the terrible takes from another person that was involved
- 18:29with ripple last week or the week before.
- 18:32I don't even remember what garbage proposition they had.
- 18:34I think it was something for oh no, sorry it was consensus
- 18:39offering a solution for CB DC's. Anyways, it doesn't even matter.
- 18:42There's so much shit coin, Ridiculousness and false
- 18:45narratives that are coming out, it doesn't matter.
- 18:47But this this is some this is an Okay, this is definitely an
- 18:51attack and we're seeing more and more of this social type of
- 18:54attack. Bitcoin tribalism is holding the
- 18:57crypto industry back. Ripple CEO says tribalism around
- 19:02Bitcoin. And other cryptocurrencies is
- 19:05holding back the entire two trillion dollar market.
- 19:08Ripple CEO, Brad Garlin house, said Bitcoin, maximalism has
- 19:13meant the crypto industry is fractured representation in
- 19:16Washington, DC. According to Garlin house.
- 19:19Ization isn't healthy in my judgment.
- 19:22I don't disagree with the polarization thing but we're
- 19:25gonna dive into this stupidity in a second.
- 19:27I own Bitcoin. I own ether.
- 19:29I on some others. I am an absolute believer that
- 19:32this industry is going to continue to thrive.
- 19:36Yahoo could be successful and so, could eBay.
- 19:40They're solving different problems.
- 19:41He said, this is insane and false.
- 19:45This is a terrible comparison, okay?
- 19:48This has nothing to do with Bitcoin and shit coins.
- 19:52Gay. The comparison here is
- 19:53completely wrong. Okay, we've already gone through
- 19:57why Bitcoin is completely different than the shit coins
- 20:01but we're going to dive into it. When we finish reading this
- 20:03crap, such maximalism has meant the crypto industry has
- 20:06fractured representation when it comes to lobbying us lawmakers.
- 20:10That's right. Because Bitcoin is completely
- 20:13different than the shit coins. Nobody owns it, it has no head
- 20:16to chop. There is no government entity
- 20:18that can wrap its He's around it and make us all slaves with it.
- 20:22It is not the same thing as a shit coin.
- 20:26So yes, there is fractured representation there is
- 20:29unfortunately for them us and them.
- 20:32Anyways this is about this is about xrp.
- 20:35The company owns a majority of the hundred billion, xrp tokens
- 20:38in circulation and that's right people.
- 20:40The company the central entity that can be coerced and it
- 20:45periodically releases from escrow accounts to keep the
- 20:49prices. Bull.
- 20:50So, what that means is it dumps on its bag holders.
- 20:55That's really what it does. It dumps on its bag holders to
- 20:58keep the lights on and we've shown in the past, okay,
- 21:02etherium etherium itself dumps at all-time highs.
- 21:07It does this every time and the etherium foundation, has no
- 21:10shame about this, they explained that they do this in order to
- 21:13properly fund the foundation, which really has no involvement
- 21:18with the development of each. Earth, but they need to dump
- 21:21their bags at the tops to fund the development.
- 21:23So figure that mind, fuck out. Okay, moving on to exhibit.
- 21:27B. So we saw that a couple of days
- 21:29ago that was actually no. Sorry that was released today.
- 21:31Now we've got this from Nicole Dubrow, okay, framing Bitcoin
- 21:36for progressives promoting Bitcoin adoption through an
- 21:40equity lens. Let me tell you something, I
- 21:44don't normally have a problem, I don't really care, anybody can
- 21:47show Bitcoin, but I do have an issue.
- 21:49You when you try to make Bitcoin about something that it is not
- 21:54okay, because Bitcoin doesn't solve these stupid problems, it
- 21:58solves the money problem and transposing this shit on to
- 22:01bitcoin is very dangerous. Anyways, the misogyny casual
- 22:05sexism and complicit silence. That's prevalent in Bitcoin
- 22:09digital and physical spaces is hindering, Bitcoin adoption and
- 22:13undermining its perceived Crescent credibility, as a ref
- 22:17revolutionary technology. Look.
- 22:22This is some sick twisted shit that has nothing to do with
- 22:28Bitcoin, okay. These are problems that indeed
- 22:32need to be solved. No way.
- 22:33Are we minimizing any of these issues?
- 22:37These are not issues that get solved with the with Bitcoin.
- 22:42Bitcoin adoption May create in some second or third, order
- 22:48effect, an environment where that Xiu can be solved correctly
- 22:54but pretending that somehow, this is a problem with Bitcoin
- 23:00and it hinders its progress. Let me tell you something, all
- 23:03you need is sound money. All you need is to have one
- 23:06problem with the bank in getting your money out.
- 23:09This happened to me when I was 19 years old, I was penalized
- 23:12for a problem that had nothing to do with me.
- 23:15And I learned very quickly that it wasn't my money and I began
- 23:18to search for a solution. So, Respectfully, fuck this
- 23:22view. Okay.
- 23:24I think it's completely insane. I think that the shaping around.
- 23:27This is scary. Okay?
- 23:29And the reason you can call it tribalism, but the reality is,
- 23:33is that bitcoiners demand Freedom, monetary Freedom,
- 23:37plain, and simple. This shit doesn't belong here.
- 23:41Anyways, no, yes. Pot on you.
- 23:44Fucking hit the nail on the head.
- 23:46This is cultural Marxism trying to sneak itself into Bitcoin
- 23:50under the Eyes of moral virtue, right?
- 23:52That's essentially what it is. Bitcoin is not inclusive,
- 23:55enough. Bitcoin is not this therefore we
- 23:58must change the code to make it inclusive enough.
- 24:00Right? You know, that's essentially
- 24:02where it leads, right? This is, you know, this is
- 24:04happening in all facets of society and this is what you're
- 24:08seeing it creeped into you know, the Bitcoin space and it's very
- 24:12unfortunate and this is why we've had tried to have
- 24:14progressives on the show like our buddy, fumble dude.
- 24:18Bitcoin is the most inclusionary.
- 24:21Biology that has ever existed, right?
- 24:23The dollar cares about where you're from, right?
- 24:27That's pretty much racism, right?
- 24:29Bitcoin doesn't care where you're from.
- 24:31It doesn't care what your religion is.
- 24:33It doesn't care. What country you come from the
- 24:36dollar does. So what is she fighting for?
- 24:39She's fighting something. That is the most inclusive
- 24:42technology that has ever existed.
- 24:44Now, in terms of Brad Garlin house, dude, I'm happy that
- 24:48bitcoiners now have their separate lobbying.
- 24:51Hurt in d.c., the coin Center was hindered because they had to
- 24:56not only Lobby for Bitcoin but they also had to lobby for shit
- 25:00coins. And here's the thing about
- 25:01should coins. Shit coins.
- 25:03Need to attack Bitcoin in order for their use case to be
- 25:07validated. The lightning network is
- 25:10dangerous for them. Bitcoin is dangerous for them.
- 25:13So what they're trying to do is use environmental attacks and
- 25:17use the power of government the power of Regulation.
- 25:21To you know, these people are too toxic proof of work uses too
- 25:24much energy, etc. Etc.
- 25:27These people must be resisted peacefully and the Battlegrounds
- 25:31narrative trench warfare of Twitter.
- 25:34Anyways. Chris what are your thoughts?
- 25:35Yeah I'll start with the xrp guy Garland Garland or whatever?
- 25:40Yeah I mean to nicko's point you said it beautifully
- 25:43cryptocurrencies need to attack Bitcoin to survive, lightning
- 25:46killed the fast and easy payments, thing of altcoins
- 25:50Taproot. I think it's going to kill the
- 25:51Privacy coins or Bitcoins not private enough.
- 25:54I know it's not in full swing effect, but it's it's going
- 25:57through the motions that takes time to adopt.
- 25:59But as Bitcoin adapts and improves as a network, it kills,
- 26:03the use case for all these other cryptocurrencies that, she'll
- 26:06that say, they have other reasons and to your point again,
- 26:09like I'm glad, there's like, we're trying to be a separate,
- 26:12you know, Bitcoin lobbying arm versus crypto, they're two very
- 26:15different things. You know.
- 26:17Crypto says it's like it's like Bitcoin Bitcoin says, it's not
- 26:20like Oh, it's like a square and a rectangle ones like the other,
- 26:23but the other is not like that way.
- 26:25So that's my thing for that as in for the Nicole thing, like
- 26:29Bitcoins for everyone. And anyone the way that she
- 26:31worried that tweet, makes it sound like this only happens in
- 26:34Bitcoin, like this happens in Fiat, this happens in Gold.
- 26:38This happens in all this happens in history, and don't get me
- 26:40wrong, I'm not trying to downplay the significance of the
- 26:43issues, but saying Bitcoin causes X y&z all these horrible
- 26:48things couldn't be further from the truth.
- 26:51You know, it's one doesn't carry.
- 26:52It's not meant for that dude. It's not meant for that.
- 26:54It's typical Mark six Marxist tactics.
- 26:58Look at how much she round up the crowd.
- 27:00She got 300 likes of Engagement. She knows it's like, when the B
- 27:05Administration was blaming the inflation on Putin, right?
- 27:10That's not the point. What you're trying to do is
- 27:12you're trying to rile up the crowd rile up the mob rats have
- 27:16gather up enough support, right? So that you could use the Heavy
- 27:21hand of regulations, a heavy hand of the state in order to
- 27:24achieve your goals and what she's trying to do is very
- 27:27Sinister because she is trying to portray that Bitcoin itself
- 27:32needs to change in order to be more Equitable.
- 27:36It's a direct attack and it's a Marxist infiltration.
- 27:40That's what it is. The second they say Equity.
- 27:43Man the second they say Equity. I'm done dude.
- 27:46Because they I know where they're going and it's going to
- 27:48be complete bullshit. Remember Equity isn't about
- 27:50raising. Want to the same level, it's all
- 27:52about chopping. Everyone down to the same like
- 27:55spot below. And my, okay, this is coming.
- 27:58He's coming from an immigrant, right?
- 28:00I'm Hispanic. I immigrated to this country
- 28:03from a country that was ruined by socialist.
- 28:06Socialism, and all that guy's head Equity, right?
- 28:09Phil, Phil is literally a refugee from Canada, like it's
- 28:13like, we're not even second generation Americans.
- 28:17And we're telling you this, right?
- 28:19This is a tent. This is an Attempt at a Marxist
- 28:22infiltration of Bitcoin. That's what it is and she knows
- 28:25exactly what she's doing. But anyways, Phil it's time for
- 28:29the daily meme review brought to you, by Citadel 21, it's the
- 28:33best Bitcoin culture of zeenat stories Comics articles by
- 28:37actual toxic bitcoiners is volume 10.
- 28:40It just Kmart came out. The artwork is is different for
- 28:43every volume. This is volume 11, really cool
- 28:46stuff and they're scarce. There's only 1000 copies made
- 28:49per volume. Get your Prince of Citadel 21
- 28:52today before it runs out. Okay, anyways, next one by man,
- 28:56bear play It's a great name. Great life is good to do list,
- 29:04stacking SATs. Shitpost, enjoy my dad my day.
- 29:08Yeah, accurate. I like that one.
- 29:10All right. Next one.
- 29:11Bye. Rally inflation.
- 29:13Is a hell of a drug. Not sure if Bitcoin going up or
- 29:16USD going down. All right.
- 29:21Sideways number go sideways but Shawn hit.
- 29:25Big, Sean Harris, old meme, new guy.
- 29:27I know this can't get funnier. One does not Simply talk about
- 29:30Bitcoin all day. Come on, we had to we had to
- 29:36show, we have to show a fog. Give me dude, so freaking good
- 29:40and also shout-out to the crypto couple you guys killing.
- 29:44Its are fucking awesome. You guys are killing it with the
- 29:48amazing content. Anyways, let's check it out.
- 29:51I guess you guys here to talk about inflation because let's be
- 29:53real. It's hurting a lot of people
- 29:55right now. Nice, Republican talking points
- 29:57psychopath well, the Democrats was Slave owners.
- 30:00I had a nickel for every time I heard that I can about me again,
- 30:03hard, not to, and I'm up 106 percent over the last year.
- 30:07Heart Is Right? You before you smell yourself?
- 30:11Yes, we're here to talk about Rising price today.
- 30:16Nope. We why don't you start us off?
- 30:18We're 2069 happy birthday. Hitler ho, oh my God.
- 30:22I said who eat 7? EQ V singing Frank that we'd
- 30:27supremacist oils up. % days that's quite crude and I don't
- 30:32think it's the burn. You think it is.
- 30:39Oh they're actually mining Bitcoin with flat.
- 30:41Nobody cares. Bitch going.
- 30:43Can I get some more that them to build back better just want to
- 30:47help people want to get a little all time high.
- 30:51Speaking of hi, I'm at my highest price in 2012, 8, and
- 30:53CPI is only 8.5% amazed Using. I hope it's incredible.
- 31:01That was incredible. I'm going to give it this new
- 31:04represent. Hoodie that I got and has a
- 31:06fucking giant Ninja on it, and it's badass.
- 31:09Anyways, that's only got yours. Yeah.
- 31:13Yep. That's that's, that's what I'm
- 31:15giving it. That's what I'm giving you.
- 31:17Anyways, guys, if you want, some represent hoodies, they make the
- 31:20best hoodies. Check out represent LTD.com and
- 31:23you can use the link down below for 10% off.
- 31:25Anyways, Chris, what would you give those memes?
- 31:29Not to brag about how wealthy I am guys, but I'm going to do it.
- 31:32Not only, you know, Elon Musk, Jeff Bezos.
- 31:36Step aside. I'm a trillionaire not just a
- 31:39hundred trillion in Zimbabwe dollars, two hundred trillion in
- 31:43Zimbabwe dollars. So, just saying, you know, I'm
- 31:46rich, I'm a trillionaire, they're not, it's fine, it's
- 31:48cool, whatever. But uh, trillionaire energy,
- 31:52multi trillionaire multi, trillionaire bow.
- 31:56Anyways, Phil what would you give those memes?
- 31:59I did not get my represent close yet that I ordered but hopefully
- 32:03it arrived. Why don't you show yours off?
- 32:04Sure. Sure your hoodie off, all the
- 32:06yeah. This is the this is my maximum
- 32:08of one. I like this one.
- 32:10Here we can show the back. Why not right?
- 32:13There you go. Now take off all your clothes
- 32:14because that's what everyone we're not doing.
- 32:16We're not doing that. We're not doing the stuff that
- 32:18we normally do when the cameras often, okay?
- 32:23Okay, but my score is okay and this is an awesome Bitcoin
- 32:27company, okay? That gave out A lot of free SATs
- 32:30that's right. It is a carrot sticker, sign up
- 32:33to them. They give you they give you SATs
- 32:35for like doing random tasks online, not sketchy tasks, okay?
- 32:39Just random tasks, random tasks. Anything about a lot of SATs at
- 32:42Bitcoin conference they did they did.
- 32:44Anyways guys we want to know, if you agree with our scores, you
- 32:46disagree, let us know down in the comment section.
- 32:49Kamek, kamek, kamek, kamek comment.
- 32:50Make sure to join our awesome telegram group.
- 32:53That's where everyone links us tank tank tank Bitcoin memes.
- 32:56Join it. It's called The simply Bitcoin
- 32:59changes. Channel.
- 32:59I don't know why I named it that, but that's what it is.
- 33:01And of course, make sure to subscribe to us and alternative
- 33:04video platforms like Rumble.com and our personal favorite
- 33:07Bitcoin tv.com. They don't censor their because
- 33:09Bitcoin TV. Anyways Phil it's time for the
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- 33:40right, I'm just going to go over this very quickly because it is
- 33:43and its signal. But hmm, it's not a lot to talk
- 33:47about. So first taiwan's, TSM TSM see
- 33:52raises 3.5 billion in bonds for new as plant TSM TSM see is the
- 33:57largest semiconductor Our manufacturer in the world.
- 34:01What does this have to do with Bitcoin?
- 34:04To is responsible for making the chips for the Asics these guys,
- 34:08right? And what is happening with these
- 34:10guys think about it, I want is a little island off of China and
- 34:15China banned Bitcoin mining and trying to.
- 34:18Officially still says that Taiwan is part of China.
- 34:22Do you guys remember what happened to Hong Kong a couple
- 34:25years ago? So, having the majority of the
- 34:28semiconductors in one island is bad?
- 34:32Bad for Bitcoin bad? For everything else.
- 34:35So this is actually really bullish that you know they raise
- 34:383.5 million billion dollars in bonds to build a 12 billion
- 34:43dollar Factory in Arizona in the good old us of a anyways.
- 34:48Moving on to this, check this out and this this is going to be
- 34:52a little bit contentious. I'll try not to step on any toes
- 34:55but anyways. Yeah so this is the mining map
- 34:59this you know if you click around here it shows you how
- 35:02much of the hash rate is estimated to.
- 35:04Be an enemy in every country around 11% of the hash rate is
- 35:08in Russia, and we all know what's going on in Russia.
- 35:11The propaganda has been really pushing that extremely freaking
- 35:15hard lately. So check this out.
- 35:17US Treasury sanctions Russian, Bitcoin miners, as War enters
- 35:24third month, why? Because here, if you think about
- 35:31it, right, you know, you sanction Dinner, mmm, what the
- 35:36start really going to happen? You can't really sanction
- 35:38Bitcoins. You either have the private keys
- 35:40or the public Keys, you know. But here's the thing, if you
- 35:43guys remember the infrastructure Bill last year, Cynthia lummis,
- 35:50was never able to Amendment amend it?
- 35:52So technically still, let me see if I could pull up the article.
- 35:56Here it is the infrastructure. Bill still has this language
- 36:01today. The bill would require any And
- 36:04who regularly provides a service that executes transfers of
- 36:08digital assets like Bitcoin? Technically, you could make that
- 36:15legal argument that that applies, the Bitcoin mining and
- 36:20because Senator Shelby was the only one that didn't sign up to
- 36:24that Amendment, it was never Amendment amended.
- 36:28So the infrastructure Bill still has this language you see where
- 36:33I'm going with this, right. So now all of a sudden the US
- 36:36Treasury is sanctioning Bitcoin miners specifically.
- 36:41Right. So, for the first time ever, the
- 36:44US Department of Treasury is taking aim at Bitcoin miners,
- 36:46operating in Russia, as the country's war.
- 36:49On Ukraine approaches is third month and its third round of
- 36:52sanctions. The US.
- 36:53Treasury Department says that it is, it is taking action against
- 36:56companies and Russia's virtual currency mining industry by
- 37:00operating vast server Farms that sell virtual currency mining
- 37:05capacity internationally. These companies help monetize
- 37:08its natural resources by the way, This applies to Compass
- 37:14mining quick update. I was able to get in contact
- 37:17with this CEO of compass Mining. And I asked him if the, if the
- 37:22news, the newly announced us sanctions on Russian minors was
- 37:27going to affect compasses, mining operations in Russia.
- 37:31He said, yes. He said Compass has halted all
- 37:34sales for the Russian facility and that they are working on a
- 37:38good solution for any customer. Did in that area.
- 37:43So I was very happy that Compass was able to respond quickly and
- 37:48I think this emphasize this highlights what our mission has
- 37:53to be. We must separate money from
- 37:56state or this type of censorship this war that that was the
- 38:01preload to the, the Prelude to the censorship is going to
- 38:04continue happening. So just wanted to give you a
- 38:07quick update and a word from Compass mining themselves.
- 38:11So I'm looking forward to hearing from Whit about what
- 38:15Compass mining is going to do. But so far this seems to
- 38:20implicate that company, right? And I'll read it again.
- 38:23Russia has a competitive comparative advantage in crypto
- 38:26mining due to energy resources in a cold climate.
- 38:28However, mining companies rely on imported computer equipment,
- 38:32and Fiat payments, which makes them vulnerable to sanctions.
- 38:37Just saying the US states, the United States views income from
- 38:41the crypto mining industry. As a potential threat to the
- 38:44efficiency of its sanctions regime with the treasury saying
- 38:47that it is committed to ensuring that, no asset becomes a
- 38:49mechanism for Putin to regime to offset the impact of sanctions
- 38:54among companies targeted by us sanctions as bit river, which
- 38:57was founded in 2017, and the name implies operating its
- 39:00mining Farms with hydroelectric power.
- 39:02The mining firm employs over 200 full-time staff and three
- 39:05offices across Russia. Right?
- 39:07And then it goes on to say right, tie this in with what we
- 39:12were talking about with the IMF, right?
- 39:14The international monetary fund warns in a new report that
- 39:18Bitcoin could allow countries such as Russia to monetize
- 39:21energy sources. You see how they're all working
- 39:24in cahoots you see how it's like something's is said here
- 39:27something is said there something is said, there's so
- 39:29think about it this way, right? And we covered this article when
- 39:33it was first released. And one of the first things that
- 39:36I said, was that the u.s. government was going to use
- 39:39Russia, To attack Bitcoin, and Bitcoin mining, and a week
- 39:46later, Elizabeth Warren, released this report.
- 39:49And now when they realized and Elizabeth Warren got completely
- 39:53embarrassed when she went in front of Congress and she tried
- 39:56to spin up some stuff to the chain analysis guy, right?
- 40:00But now they realize hey maybe we could put pressure or
- 40:04pressure on the miners. Now could they capture the
- 40:07miners? Could they censor transactions?
- 40:09No they can't. Because as long as there's an
- 40:11independent Minor A minor from home.
- 40:14A miner who's not you know, mining independently away from
- 40:18these huge mining facilities right?
- 40:22Perhaps they'll be able to slow the transaction down but they
- 40:25won't be able to stop it and now watching the game theory between
- 40:29Russia and United. Is going to be fascinating
- 40:31because Russia is going to be like sensor, u.s. transactions.
- 40:34And then Rush the United States going to be like hey, since the
- 40:37Russian transaction. So it's going to be fascinating
- 40:39to see how this plays out, but what worries me goes back to
- 40:44this bill, this bad infrastructure bill that was
- 40:47snuck in which was part of the reason by the way that Bitcoin
- 40:52the Bitcoin Community as a whole realize that the coin Center
- 40:55guys weren't cutting it and we had to form our own lobbying
- 40:59power in In DC, which shout out to bitcoin magazine.
- 41:02Because I know that you guys played a huge role in that.
- 41:04Shout out to David's l. So again, check out this attack,
- 41:08right? And this was worn.
- 41:10This is Elizabeth Warren's proposed Bill, and this is what
- 41:13it would require right. And here's the signal requiring,
- 41:16the president to identify foreign digital asset, actors
- 41:19that are facilitating evasion of sanctions against Russia, and
- 41:23authorizing. The president to sanction such
- 41:25actors prohibiting their transactions with us persons and
- 41:29block. Their assets, think about what
- 41:33that implies technically a minor, what it's including
- 41:38transaction. It gets the pick.
- 41:40What transactions are included in a block and this bill is
- 41:44specifically about cryptocurrencies, digital
- 41:48assets. And now you have the move from
- 41:52the treasury directly attacking miners themselves.
- 41:57Put the pieces together, guys. You see, where I'm going with
- 42:00this. They're going to try to attack
- 42:04Bitcoin through Bitcoin Miners and with the current wording of
- 42:09the infrastructure bill, it is worded that a minor could be a
- 42:15money transmitter. They did not leave weren't able
- 42:18to successfully amend that and now the US Treasury is placing
- 42:24sanctions on Russian miners directly and as we saw with the
- 42:28with Elizabeth Warren, bill it directly says That they should
- 42:33pass a law that would directly bar any US citizen any us person
- 42:38or institution to transact with Russians in any shape or form.
- 42:43But if you're an American minor and you include a transaction
- 42:47from a Russian address that, the u.s. government has, are you
- 42:51breaking those sanctions? Do you see how slippery this
- 42:55could get? Because this is exactly where
- 42:57it's going. Phil just want to point out.
- 43:01That this is a A lot of noise. This is a lot of noise in the
- 43:05reason why I say this is because we showed two weeks ago at least
- 43:09two weeks ago, how Russia is using the Chinese payment system
- 43:16and that's how they're getting around the and that's how
- 43:19they're getting around us sanctions.
- 43:21So, this is a clear attack on bitcoin, okay?
- 43:26And they are using exactly what you said weeks ago when you
- 43:29called it, they are going to use Russia to Bitcoin, Bitcoin isn't
- 43:33actually being used to evade sanctions.
- 43:36We've already shown that on by the way, so they've admitted
- 43:39that themselves. They've had made.
- 43:41Is that it does it matter because it's hotter, it's not
- 43:45about Russia, debating sanctions.
- 43:48It's about the ability for the citizen to be a sovereign,
- 43:51individual independent from government and that scares the
- 43:56living shit out of them. So yesterday we read, we read to
- 44:01you guys in depth, the bullshit that is the electronic money
- 44:06standard. That the IMF is proposing, okay?
- 44:09Nico just showed in the in the series of Articles how the IMF
- 44:13is obviously involved and scared of what Bitcoin can do, even
- 44:18though the Russians are not actually using Bitcoin, okay?
- 44:23So we're just seeing everywhere that they're completely scared,
- 44:25shitless Nico like this. This is what it is.
- 44:27Like they are totally And they are throwing whatever they can
- 44:30at the wall to see if except yeah.
- 44:33Dude, it's ridiculous. And I'll even add to what Phil
- 44:36said right there even admitting it.
- 44:39I'll get to that in a second but I want to get Chris's opinion on
- 44:41this. Chris, how fucking crazy is this
- 44:43dude? Where is this going?
- 44:45I think they're going to have a much harder time.
- 44:48Now that bitcoiners have a lobbying effort in DC now that
- 44:52we have people there, I think that anything they try to pull
- 44:56is going to be very difficult and politically, Be costly for
- 44:59them. Yeah, I think be Pi or Bitcoin
- 45:03policy Institute that we have in d.c. is definitely to go to bat
- 45:06and say go up against the Ridiculousness of these claims I
- 45:09hate to be the Debbie Downer but I actually think it's even worse
- 45:11than the Niko's reading into it technically under and I'm not a
- 45:15lawyer. But like Technically when I read
- 45:16that, that includes notes, obviously nodes are much harder
- 45:20to realize in terms of like the energy that uses them normally
- 45:25it's very minimal compared to a minor.
- 45:27You could definitely see heat signatures.
- 45:29Chairs are at see that people are using a lot more power and
- 45:31you can kind of deduce where miners are.
- 45:33But technically if I open up a lightning Channel with someone
- 45:35in Russia a friend acquaintance or even if they route payments
- 45:39through my node. All three of us are technically
- 45:41breaking the law by running a node by helping deduce that that
- 45:44happened, you know, whether people are routing anything any
- 45:47SATs through your, through your notes or a sanctioned country.
- 45:50Technically would be on that list.
- 45:51So it's even worse than I look into.
- 45:53I just think they're really, they're really scared and
- 45:56they're stupid. And I think I'll just leave it
- 45:58at that. Yeah, dude, no II.
- 46:00Just they're scared, they have nothing else, they have nothing
- 46:04that has been able to defeat it. So like we always say they're
- 46:07going to go after the lowest hanging fruit.
- 46:10All right. So the IMF released, this Global
- 46:14Financial stability report yesterday or a couple days ago,
- 46:17right? We've been covering the IMF a
- 46:20lot lately. This article does a great job at
- 46:22summarizing. You know what this says now?
- 46:27Listen to the contradiction. Because again they would like to
- 46:30let they would like you to believe that Russia is using
- 46:33Miners and Bitcoin to get over sanctions.
- 46:36That's what Elizabeth Warren would like you to believe that's
- 46:38what the established media would like you to believe, but let's
- 46:41see, what is actually happening. So the article goes on to say,
- 46:44government should ensure that they have the power to impose
- 46:47Capital controls on crypto alongside traditional assets.
- 46:50There it is. Again, the international
- 46:51monetary fund said as the war in Ukraine, Ukraine to used to
- 46:55raise concerns over section of Asia.
- 46:57That means that citizens of Crisis.
- 46:59Hit countries like Greece and Argentina could potentially see
- 47:02their access to bitcoin limited alongside restrictions on
- 47:06withdrawing cash from ATMs or accessing foreign currency.
- 47:09Have you noticed that? They notice that like, they know
- 47:13the art citizens of our duty to, to fine Afghanistan.
- 47:17No access to bitcoin. No, you can have access to
- 47:20bitcoin because of Russia, right, laws and regulations for
- 47:23foreign exchange and capital flow management measures should
- 47:26be reviewed. Demanded if necessary to cover
- 47:28crypto assets. Why?
- 47:30Because they see it as an escape valve.
- 47:32Like, we've been saying the last couple days, even if currencies
- 47:35like Bitcoin don't formally count as Financial assets of
- 47:38foreign currency. The IMF said it a financial
- 47:40stability report, so they don't count as a financial asset or
- 47:45foreign currency, but they should still be included in
- 47:48foreign exchange in capital flow management.
- 47:52You see the narrative? It's great.
- 47:55It's not a currency but it has to be monitored like a currency,
- 48:00the war in Ukraine has brought to the Forefront.
- 48:03Some, some of the challenges that regulars face in terms of
- 48:05applying sanctions and capital flow management measures.
- 48:08It added citing, the risk that crypto base evasion, will become
- 48:11more. Widespread through the I though
- 48:14the IMF concedes that making big rub Ruble transfers on crypto
- 48:19exchanges is in Practical it And some of those seeking to evade
- 48:24sanctions, may turn to less scrupulous providers to use
- 48:27other privacy techniques like mixers.
- 48:30So even though we have no hard data and even the treasury
- 48:35admitted to this, that Bitcoin is being used to evade
- 48:39sanctions. We still need a pass laws to
- 48:44ensure that Bitcoin is not evading sanctions completely,
- 48:51ignoring all the other people that it's going to affect that
- 48:55have nothing to do with Russia, like the grease and the
- 48:57argentinians like the Turks that all don't are, don't lived in a
- 49:02financially privileged country that are experiencing crazy
- 49:06inflation. Let's all hurt them because
- 49:10Russia was Monday might use Bitcoin and Bitcoin miners to
- 49:17circumvent sanctions, even though they're doing they're not
- 49:21doing it right now. These people are fucking insane.
- 49:26That's what I have to say. They have lost their minds,
- 49:30check this out crypto mining also offers the chance for
- 49:33emerging market countries to effectively exchange energy for
- 49:37Bitcoin. The IMF said now Sovereign
- 49:41countries. According According to the IMF
- 49:43are not allowed to exchange their energy which belongs,
- 49:48which is in their country for money.
- 49:53Now, you understand how they had the fucking nerve to reach out
- 49:57to a Salvador and tell them, we don't like your Bitcoin law, you
- 50:01have to change it. Do you see who runs the world?
- 50:05Do you see it Bitcoin shines a light on of Truth on everything
- 50:11and the IMF? Is no fucking different.
- 50:13These are Central planners. Bitcoin takes power away from
- 50:16them and it freaks them the fuck out.
- 50:19You want to know how much influence these people had.
- 50:21This came out in the beginning of April and guess what
- 50:24happened? A couple weeks later US Treasury
- 50:27sanctions, Russia Bitcoin miners as War enters its third month.
- 50:32So the IMF says that Bitcoin mining could help Russia Cell
- 50:37Energy, kind of circumvent the sanctions three weeks later the
- 50:40US Treasury Department, Sanctions, Bitcoin, miners.
- 50:44Connect the dots. It's all fucking obvious.
- 50:47Who the fuck is the IMF? I didn't elect them.
- 50:52The head of the IMF, literally went to the car remarks
- 50:55Institute who the fuck are these people?
- 50:57And why do they have so much influence?
- 51:00Who the fuck elected them? Opted, the fuck out.
- 51:04If they, if what I until you shown you showed you that you
- 51:09shouldn't ought to off the, you deserve to be in a gulag, be
- 51:12happy. Oh, nothing and be happy because
- 51:15it's so freakin obvious. These people do not have the
- 51:18best intention for you opt out by Sir.
- 51:22Buy yourself some pain Bitcoin, fill the yeah, beautiful
- 51:27beautiful, but beautiful, and angering all of the same time
- 51:31Niko, it's always a double-edged sword, right?
- 51:33So look, the IMF is nothing but a bunch of creatures.
- 51:36Like you said, we did not elect these people.
- 51:40This is exactly these organizations are exactly the
- 51:44Creations that Fiat makes this is the garbage, right?
- 51:49When we, when I, when I talk about like, oh, you know, people
- 51:52Living derivative lives. And we have these derivative
- 51:54institutions and derivative products.
- 51:57This is exactly what it is. Okay, this is the crap that it
- 52:00creates Fiat propels and brings these institutions up on the
- 52:05shoulders of society. And then makes it seem right
- 52:08creates a whole entire ecosystem around it, to make these
- 52:12organizations seem as though they're needed.
- 52:17Okay. We showed yesterday we showed
- 52:20yesterday beyond the shadow of a doubt That these organizations
- 52:23have done, absolutely nothing that they promised.
- 52:27Okay, there is no Financial stability in the world.
- 52:31There are still boom-and-bust Cycles.
- 52:33There is a lot of shitty money that is becoming devalued by the
- 52:37second. And guess what the countries
- 52:41that are suffering through. These problems are borrowing
- 52:43money from the IMF. What are the solutions that
- 52:46they're offering? This is insane.
- 52:49They hate Bitcoin. Bitcoin is Is the simplest
- 52:53solution, it takes them out of the equation, it takes us out of
- 52:57the equation. We humans desire power.
- 53:01We are corruptible. We can be coerced, we obviously
- 53:04suck at administering money. Okay?
- 53:08Bitcoin takes us out of the equation and these people can't
- 53:11imagine. They can't imagine a system
- 53:13where they are out of the equation.
- 53:16And that is that is an ego trip. That it's a complete ego trip.
- 53:20These people are narcissists, and Psychos.
- 53:23There's Central any manners, dude.
- 53:24There's Central planners that think they know how to manage
- 53:27everyone else's money better than themselves.
- 53:30Anyways, Chris what are your closing thoughts on this show?
- 53:34Vocal? Yeah, I mean, the mental
- 53:37gymnastics, I don't. So they said, it's not a
- 53:39financial asset, but it is a financial asset.
- 53:42And it, even if it was or if it wasn't, we've got a sanction.
- 53:45It like it is a financial asset because maybe kind of sometimes
- 53:48might Russia or someone. We, we don't like might use it.
- 53:52So I have no idea what that means.
- 53:54They're definitely clearly scared the state hates you, and
- 53:56I'll leave it at that. No perfect perfectly said.
- 54:00But anyways, so there was an open source software released
- 54:02today. Why don't you tell everybody
- 54:03about it software releases brought to you by Cipher safe?
- 54:08Check them out. Seifer safe dot IO guys.
- 54:13I keep telling you you need to store your seen on something
- 54:16other than paper paper catches on fire you can lose paper you
- 54:19can write other things on paper and then it's gone.
- 54:22Your seed in the Cipher wheel or the all new Cipher grid.
- 54:25They both come with a tamper-resistant wire, but the
- 54:28grid comes with a punch tool. We've got Sparrow wallet version
- 54:331.6.2, three. That was released its Down Below
- 54:37in the show notes, guys, don't forget to check us out.
- 54:39On our Audio. Only platforms Apple, podcasts
- 54:43Spotify, and anchor, and if you want to stream us some SATs,
- 54:47check us out on Fountain. Dot f m--!
- 54:48You could stream assets through Breeze.
- 54:50Awesome! Thank you.
- 54:51Phil. I got Guys, that was our show
- 54:53before we going to give a very special shout-out to an awesome.
- 54:56Awesome guest and a dear friend of the show, his name is Chris
- 55:02Alamo. You can go get my follow on
- 55:04Twitter at Chris, hallum 06, he is the twitch twitch project
- 55:08manager at Bitcoin magazine. I know he does a lot of other
- 55:12stuff in terms of their production, this guy's going
- 55:15places, he just doesn't know it yet.
- 55:17He's making All the Right Moves. Definitely, keep up with him.
- 55:20Give him a follow at Alamo six. Anyways guys, that was our show.
- 55:24If you enjoyed the show you what to do, smash that like button.
- 55:27Of course, if you want to continue here in the Bitcoin,
- 55:28use from the plead plant perspective.
- 55:30In the catastrophic fails from the central planners of said
- 55:33that three days in a row because of how many fucking fails.
- 55:36These people have had definitely consider subscribing to Simply
- 55:38Bitcoin and we will see you tomorrow guys, for a brand new
- 55:40episode, The goalposts are always moving in the Fiat World.
- 55:44Bitcoin is the only truth teller