Latest / Simply Bitcoin / Largest Bitcoin Mining Pool Rug Pulls | EP 570

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Largest Bitcoin Mining Pool Rug Pulls | EP 570 · Simply Bitcoin

0:17
Yo today is September 6. 2022. Welcome to Simply Bitcoin live.
0:25
We are your number one source for the peaceful Bitcoin
0:27
Revolution recover, the breaking news culture Dramatic Warfare,
0:30
we will show you why only Bitcoin can give you true
0:34
Financial sovereignty. Today, we have a very special
0:36
show lined up before I get to that.
0:39
I want to say a very special, hello to our guests.
0:43
How you doing Mel? I'm good.
0:45
How are you? Welcome to the show and, of
0:47
course, a representative from Bitcoin Freedom Day in El
0:51
Salvador. How you doing?
0:53
Hey, doing great. How are you?
0:55
Welcome to the show and, of course, my legendary co-host.
0:59
Optimus Fields, how you doing, buddy?
1:00
I hope everyone. Good morning Nico.
1:02
I like this view, bro. This this is looking really
1:05
pretty up here. We're looking real good.
1:09
It's definitely, it's definitely a change up.
1:11
I definitely doing a little bit of a curveball anyways today
1:14
guys, we have a very special show lined up.
1:16
We're going to talk a little bit about Bitcoin Freedom Day.
1:18
What is it? Why you should care?
1:19
Where is it located? How could you find more about
1:22
it? And of course we're going to
1:23
talk about the pool in situation, one of the largest
1:26
Bitcoin mining pools rug. What does it mean for Bitcoin?
1:30
Does it affect Bitcoin? We're going to get to all that.
1:32
Of course, it doesn't affect Bitcoin.
1:33
You can't kill the honey badger. Anyways we're going to get to
1:35
that. We're going to get to the
1:36
details. But first Opti what do you have
1:39
lined up for us today? Okay.
1:41
Well guys, it was Labor day yesterday and Bitcoin mag
1:44
dropped an awesome article about Bitcoin, giving people back to
1:47
Power. And considering that I was once
1:50
a labor myself, I dug, ditches and my family are still blue
1:54
collar workers. I find that this is a special
1:56
place in my heart and I want more people to To hear this
1:59
signal. So we're going to cover this
2:01
article and, you know, related to bitcoin and how you guys can
2:04
build your life better. Optimus feels is bringing the
2:08
Eternal optimism. I love it.
2:10
I love it, man. All right, let's get some
2:12
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Visit noddle Dottie you today. All right, all right, all right,
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at the time of recording the Bitcoin price.
2:44
That nineteen thousand seven hundred and thirty SATs.
2:46
Poor dollar also known as Moscow, time 5068 block height,
2:52
750 2909 reachable Bitcoin nodes 14,000 451 blocks to The
3:00
Happening that couldn't come any sooner 87,000 91 having
3:05
estimate. April 22nd 2024 total lightning
3:08
network capacity. 4673 Point. 69 Coin.
3:15
That's an estimated value. And khakha Fiat, 92 million
3:18
dollars, realize monetary inflation 1.78 percent market
3:22
capitalization 377 billion US dollars with the be but Bitcoin
3:28
is still a baby. Anyways today I want to talk
3:31
about something interesting and it really when I started
3:35
thinking about this is because I ran into this tweet, right?
3:37
This is by, Javy are have, obviated blasts and he says the
3:42
size of the UK energy Is off the charts.
3:45
According to Alex on top of the 130 billion pounds to freeze
3:50
household energy bills list trust which is a new prime.
3:53
Minister of the UK is mulling another 40 billion for small
3:56
businesses. Now, why did I think this was
3:58
interesting? Well, we actually covered this a
4:01
couple days ago and we went through what the inflation rate
4:05
is in the UK, and it's already a 10.1% and they want to print 80
4:14
billion pounds. That's about little bit less
4:18
than 5% of the GDP and then that reminded me there is this tweet
4:24
about a year ago roughly a year ago from Jack Dorsey the ex-ceo
4:28
of Twitter the founder of Twitter.
4:29
Now he's working full-time and Bitcoin.
4:31
He says hyperinflation is going to change everything it's
4:34
happening. Now, this is a crazy situation.
4:38
They already have an inflation rate of 10% because Central
4:41
bank's experimented over the last two years, they Out into
4:44
the modern monetary bullshit and they thought, hey, we could put
4:48
we could print a record amount of money and there will be
4:50
absolutely no, absolutely, no consequences.
4:53
And now they're in a pickle because of the policies because
4:56
of the war with Russia and Ukraine, all of that stuff.
4:59
Now they're in a pickle in an energy pickle and energy crisis,
5:02
right? And their only solution.
5:04
I think the only thing they know how to do is print.
5:07
But they're going to print this much money with 10% inflation.
5:11
It's absolutely crazy and it's not only me thinking this as
5:13
well. Well accidentally I ran into
5:16
this tweet by Lawrence Lepard, which we've had on the show
5:19
before he says, this is an enormous step printing to
5:22
subsidize higher energy costs. Early Weimer ization, 5% becomes
5:27
even larger than. And now I know what a lot of you
5:30
guys are thinking psycho, but it hasn't happened.
5:32
Then you have to zoom out. You have to look at history.
5:33
How long did the hyperinflation take in the Weimar Republic,
5:38
right? It took from really, it started
5:41
picking up 1919 and it really You went crazy, two three, four
5:46
years later. So if you think about it from a
5:49
historical perspective, dude, I think we might be in the first
5:54
inning of something that we have no idea what the ending
5:58
consequence will be. I'm just happy, I'll be in
6:00
Bitcoin. I don't know how Bitcoins going
6:02
to react to this all I know though is that it's 21 million
6:06
divided by Infinity. So I feel a lot better and being
6:10
something that has absolute scarcity.
6:12
There's a cap Supply then being in something that is unlimited
6:16
dude and look this is fucking crazy dude.
6:19
They're printing a record amount of money again with 10%
6:23
inflation already entrenched. And by the way this isn't only
6:26
the UK this is Europe solution to the energy crisis as well,
6:30
right? Anyways, Bitcoin, Freedom Day,
6:34
what are your thoughts on this? Well, geez.
6:42
Louise to start now. Inflation is a scam.
6:47
That's I mean that's my base. Thought is initial inflation to
6:49
scam. The fact that they can just
6:52
print money and impact the value of our time.
6:55
It's a scam and it's been getting worse since they
6:58
basically went off of the gold standard and it's not going to
7:02
get any better ultimately see Bitcoin as a huge player and
7:07
fix. That the context is the so
7:10
Bitcoin, fixes, everything. Amen to that Mel.
7:12
What are your thoughts on this? It's confusing.
7:17
I mean I read it and I look at it and I'm confused I don't know
7:21
what's going to happen. Some of it I think is Supply
7:24
shock. Some of it is definitely
7:26
inflation, but I don't know. I think we're kind of in a new
7:31
like the the money printer thing really accelerated in 2020.
7:37
So like I don't know what's going to happen with this.
7:40
I mean, it doesn't seem good but it's confusing.
7:44
It's definitely confusing and I think I think you really buried
7:47
the lead there. Right?
7:48
Which is most people have no idea what's going on.
7:51
Like they have no idea what's going on Opti.
7:53
Do you believe this is the beginning of hyperinflation
7:55
Europe which inevitably is going to affect us in the u.s.?
7:59
Well, I mean what do I know? I am just you know, Bitcoin are
8:03
on the internet that sees what, you know, sees the writing on
8:07
the wall but it's absolutely crazy to see.
8:09
Double-digit inflation Western countries.
8:11
Like this is something that we only really see in third world
8:14
countries and now, you know, it's happening in Europe and in
8:18
the UK and it's like I'm just reminded of something that you
8:21
told me last week. It's like, whatever happens in
8:24
Europe is just a precursor of what will happen in the United
8:27
States. So if we're seeing this happen,
8:30
it's not looking too good for us over here in the United States.
8:33
And then furthermore that Y Mart chart that you, that you brought
8:36
up like it absolutely blows my mind.
8:38
How fast hyperinflation. And it was what like 23 years,
8:41
it just goes exponential. It's like, this is absolutely
8:45
crazy. What's that like four years or
8:47
something? Like that's that's not to me.
8:50
So if this is the case guys the next four years is going to get
8:54
even more brutal and what we've been saying for a while here the
8:58
energy prices like they can try to control the price of energy
9:02
and they seem to be doing that right now.
9:04
You know you hear all this talk about Russia and how they you
9:07
know, they're not going to interact with.
9:09
Countries that are trying to control the price of energy and
9:12
it's like it's not looking good for these Western Nations that
9:16
are trying to go up to the biggest energy, producers in the
9:19
world. And furthermore, the fact that
9:21
we continue to print money, the fact that the money printer is
9:24
going to continue to Gober and no one even sees that this is
9:27
the problem. It's absolutely terrifying.
9:30
It's like, how long can they kicked us?
9:32
This can down the road, where people don't know what is going
9:34
on. Exactly.
9:36
So like, oh man, is it an example of hi?
9:39
For inflation. I mean, as a bit coiner, of
9:41
course I'm going to say yes. But like, how long can they, you
9:45
know, Barry all this under the surface and most people don't
9:49
understand what's going on. Probably a little while longer.
9:52
So are we in hyper inflation rate right now?
9:54
I don't know. I don't want to be hyperbolic
9:56
but it does feel like we are getting to this point of no
9:59
return and things are going to you know the gradually then
10:03
suddenly meme is about to explode.
10:05
So absolutely. I don't know.
10:08
Nico broke. Remember remember, As the at the
10:10
end of the day, what for hyperinflation to happen, there
10:14
needs to be a mass, Awakening to people realizing, holy crap, the
10:19
money's worthless, and then people are trying to exit the
10:23
money and mass, right? That is that is what when
10:26
hyperinflation happens, hyperinflation doesn't happen
10:28
because they're just printing a crap ton of money.
10:31
It's more of a psychological thing.
10:33
A social psychological thing, that happens all at once, right?
10:37
But I'm also not an economist, so don't hurt me.
10:39
New one. But anyways, let's get to the
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All right, so this is it. I do the videos were going to
11:15
talk about today and we're going to get to pit coin Freedom day
11:18
as well. But first of all, what's going
11:21
on with pool. And first of all, I have to tell
11:23
you what pulling is pool in was a mining pool that controlled
11:28
nine-point went not controlled. That was the wrong word but that
11:32
represented 9.2 percent of the hash rate people chose to use
11:35
pull in. Of course, why do people use
11:37
mining pools because it takes away that it gives you more
11:41
stability as a minor right? Gives you more profit stability
11:44
if you didn't use a mining pool. Think about it.
11:47
Unless you had a significant amount of hash rate, sure you
11:50
would find a block eventually, but it would be very expensive
11:54
for you to do that for a considerable amount of time.
11:57
So what do people do? They pull their resources
11:59
together to better increase the probability that they find a
12:03
reward and what these might with these large mining pools do as
12:06
well? Is that they shoulder a lot of
12:08
costs to give people reliable amount of profit, right?
12:12
So that's Why people use mining pools.
12:14
But but just because of mining pool has nine percent or 9, or
12:19
16 percent or twenty one percent, doesn't mean that they
12:23
own all of that hash rate. It's just, it's decentralized is
12:27
people choosing to use that mining pool for profit
12:30
stability. Anyways, so what happened?
12:32
So pool in it's a huge mining pool represented. 9.2 percent of
12:35
the hash rate, it's a Chinese mining pool.
12:37
I might add this pool in one of the world's biggest Bitcoin
12:41
mining pools acknowledges liquidity.
12:43
Issues. This came out September 5th, so
12:46
this came out on Sunday. Let me read a little bit about
12:48
that as pulling one of the world's largest Bitcoin mining
12:50
pools sought to assure users. Their funds are safe while
12:53
acknowledging it is facing liquidity issues.
12:55
So your funds are safe, but you can also not withdraw.
12:58
How does that work? It sounds a lot like Celsius to
13:01
me, pool and CEO founder, Kevin Panic knowledge, at the
13:04
company's lacking liquidity but said user assets are safe pan
13:08
wrote that. The company's net worth is still
13:09
positive and that there will be soon be a plan as to how To deal
13:13
with the issues around the same time, a message posted to the
13:16
pools Chinese telegram account sought to reassure customers,
13:19
and dispel rumors of a rug pull. The mining pool and wallet,
13:22
operate independently, and long-awaited times for
13:24
withdrawals are due to risk management, the pool.
13:26
See the post said now, the risk management wording is very
13:29
similar to what we heard from the Celsius guys very suspicious
13:33
there. Anyways, there was an update to
13:35
this article. It says Poulin one of the
13:37
largest Bitcoin mining pools suspends withdrawal from wallet
13:39
service. So it looks like they're not Not
13:43
allowing withdrawals at this moment in time, they frozen but
13:47
the name of the title of the video, right?
13:49
Is what I wanted to address today.
13:51
Does this affect Bitcoin, right? No, because what are those
13:55
miners do as soon as they hear that their mining pool is no
13:57
longer paying out? Why would they want to keep
13:59
their Hardware there? That makes absolutely no sense.
14:01
You're literally mining at a loss, right?
14:03
They rug pulled use of what do they do?
14:05
Those miners switch to another mining pool and now check take a
14:09
look at this and I think this is really represents the beauty of
14:12
Bitcoin pool. Went from 9.2% to right now
14:17
they're down to 5.88% and it continues to go down right?
14:23
That's losing 5% of the hash rate that was with them.
14:27
Right? Because people what did they
14:28
say? They did they took their Miners
14:31
and they pointed it to another mining pool because they said
14:33
this mining Pool isn't reliable. So you have Bitcoin doing its
14:37
thing again right now. Corey Clips in the shit coin.
14:41
Slayer came out with something. Really interesting.
14:44
Could this be related? Now, here's the thing, guys.
14:46
If you go down the path of shit coronary, you get shit coin
14:49
results, right? Corey said all the way back in
14:52
February 2012, one 2021 pool in was in to defy yield farming.
14:56
What could possibly go wrong now?
14:59
Does this one have to do with the other?
15:01
I don't know. And another bad sign, right?
15:03
If you go to the pool in Twitter account, They haven't tweeted
15:08
anything since September 2nd that sure.
15:12
Looks like a rug pull to me. So crazy news, one of the
15:17
largest Bitcoin mining pools that represented Once Upon a
15:19
Time up to 9% of the Hatchery. Pulled out miners are already
15:23
switching to other pools. Because why would they mind for
15:26
free? And I think that really puts to
15:30
bed. A lot of the rumors that a lot
15:31
of the shit coiners did especially when they were coming
15:34
to this realization that perhaps etherium Can be censured by the
15:38
US government. A lot of their excuses were hey,
15:41
you know, Bitcoin. There's only there's only a
15:42
handful of mining pools, right? Well just because there's a
15:45
handful of mining pools because people want to make sure that
15:49
their revenue isn't crazy volatile.
15:51
Right. They pull their resources pre
15:54
pool their resources together to ensure profitability, right?
15:58
To make sure that hey if I'm mining I know that I'm going to
16:01
get a certain amount of back certain amount back so they they
16:04
do it more. So out of convenience, it
16:06
doesn't represent. Isn't centralization.
16:08
What? So what?
16:08
So ever. And the situation with pull in
16:12
really represents that, right? Because it shows it's like
16:14
people realize pull in socks, right?
16:17
I'm going to switch to another mining pool.
16:18
Now here's the thing. If mining pool start censoring,
16:21
and if you start hearing about it, what are people going to do?
16:24
They're going to get up and choose another mining pool as
16:26
well, right? So anyways, yeah, another
16:31
example of what doesn't kill Bitcoin makes Bitcoin stronger
16:34
and I was reading what mr. Hodda Saying yesterday, he said
16:38
that in the early days of Bitcoin, this was very common.
16:41
I think that we just haven't seen this in a very long time
16:44
and pool in was a very well-known mining pool as well.
16:48
I don't know about respected. I don't know about that but it
16:50
was a very well-known mining pool, you know?
16:52
So it is kind of a big deal that it just switched, you know, it
16:57
just switched off, just like that.
16:58
Now we do have Marshal long coming on the show on Friday and
17:02
we do have also the CEO of Luxor - Mining and we're going to get
17:08
more into the intricacies, more into the details, more of what
17:11
it means. So we are going to cover the
17:12
technical stuff as well. That's going to come up on the
17:14
Friday show, but what you guys should know?
17:17
And this is, you know, we put this in the thumbnail of the
17:19
video is that, no, this is not affect Bitcoin.
17:22
Bitcoin is not in danger. If anything this just made
17:25
Bitcoin stronger like everything does anyways Opti, what are your
17:28
thoughts brother? Well, you know bear Market
17:31
seemed to weed out the inefficient and Shady operation.
17:34
So this is just a feature, not a bug boy.
17:37
I was going to Echo what Paul said in the chat of like, how
17:41
does a mining pool have liquidity issues?
17:43
Like if there's people mining in the pool, they should have the
17:46
liquidity and Jason added added a context.
17:49
It's like they tried to add extra rewards that, you know,
17:55
brought people into into their mining pools.
17:57
So, well, they also attract, but also to be fair, no, nobody, I
18:01
don't know, maybe they got it to defy it at the same time, right?
18:03
If they're holding a bunch of Bitcoin, what makes something
18:05
they're not. Waiting on the Bitcoin, that
18:08
thing hacks, right? Yeah.
18:09
So probably tried to short the market, they're just like, oh
18:13
let if we make this because I think about if they get it
18:15
right, everyone wins, right? If they get it wrong then kind
18:18
of sucks and Celsius had that type of mentality as well what
18:21
could go wrong, right? But look another component is
18:24
that in order to provide profit stability for the miners
18:29
sometimes because remember like at the end of the day, Bitcoin
18:32
mining is just guessing, right? Yes, if you have a big
18:36
percentage of the hash rate, you can have a pretty good
18:40
possibility of how many times you could find a block what
18:45
percentage of the times, you will be the one that finds the
18:47
block. However, dude, there's and you
18:50
guys have seen this, there's some times there'sthere's an
18:52
hour without a Bitcoin block being found, right?
18:55
You never know 100%. So what what mining pools have
18:58
to do is that they have to shoulder the cost in the
19:01
meantime to ensure profitability for their miners.
19:05
It isn't as simple as like. Okay, it's especially hard for
19:09
the smaller mining pools as well.
19:11
So, it isn't as simple as like, oh no, they should have just
19:13
kept, the money should have handed it out, dude, sometimes
19:16
you get unlucky, and sometimes you have to give payouts and it
19:19
have to come out of your pocket, right?
19:21
So I don't know, man. Just another component, but we
19:23
are going to get more into the technicalities on Friday's show.
19:26
Anyways, Mel, what are your thoughts on?
19:27
This is this just another another, another rug pulled
19:31
during the bear. Mark, I love the bear Market
19:33
because it exposed the bad, the bad players.
19:35
Agreed. When I saw this first pop-up, I
19:40
sent the sent it on to a friend of mine who works for one of the
19:43
big Miners and said, what the hell is this?
19:46
And he wasn't real sure, but did stay, wow.
19:51
He's a pretty respected guy and it seemed to be surprising to
19:58
him. That's all I got.
20:00
Okay, I haven't got many more answers from him yet besides
20:03
that but he did not look at this and go.
20:06
Oh that's no big deal but he did look at it and go oh boy and boy
20:11
that guy was kind of respected and I have to say for yellow.
20:15
Moussaka is my favorite Greek food about that.
20:20
Yellow. Yeah, there you go.
20:22
Yellow yellow. Somehow he always makes it onto
20:25
the show. I know that's not how you spell.
20:28
Booster. God, yellow yellow has been
20:30
bumming yellows. Been bumming at my house for the
20:33
last month or so I haven't been able to get him out of here.
20:36
He's been in the walls. It's very strange.
20:38
Anyways Bitcoin, Freedom Day. What are your thoughts on this?
20:42
Hmm. I'm not our teams mining expert
20:46
that would actually be a lot of a lot of media.
20:49
Valid she's producing the dirty coin documentary, all about the
20:53
coin, Manning's Innovations to energy.
21:00
I don't have too much to say on that really all good.
21:03
No worries things are. It's Bitcoin is Unstoppable.
21:06
They we've always seen the hash rate recover when they shut down
21:09
all those miners in China. And there was all those pictures
21:12
going around of them. Bulldozing them and it bounced
21:15
right back. So personally not too concerned
21:18
about things like that, just because I think we've seen it
21:20
evidence that it will bounce back.
21:21
You cannot stop it. I mean, it literally is very
21:24
like come and get it, you know? Absolutely, I think that's
21:27
really the message here, right? Is that Honey Badger, Don't
21:31
Care. Just makes it stronger.
21:33
The miners are just going to pick another mining.
21:34
Pull that well, rug pull them obviously but I am I'll say this
21:40
though, guys, and this is slightly concerning right?
21:43
Is a good percentage of the hash rate is located in the United
21:49
States and we know that the office of foreign assets control
21:53
which is a US Treasury has tapped on the shoulders of
21:57
marathon and then they did their ofac compliance blocks.
22:00
So I wouldn't be surprised that in the future, specifically
22:04
mining pools in the United States.
22:05
The treasury tries to pull a fast one and says, hey you guys
22:09
could only mind blocks that are ofac compliant.
22:12
Meaning, they would sensor Bitcoin, there were try and
22:15
Iranian or Venezuelan mining pool is gonna go along with
22:19
that, right? So I mean, but they'll try of
22:22
course, they're going to try and look, if there's that lie, if
22:25
there's, at least one mining pool, that isn't censoring
22:28
transactions, and that block Gets added on to the blockchain,
22:31
it's there forever and it doesn't care about you know, so
22:35
cold white listed her black list of transactions.
22:38
But that's where I first. I first received that coming
22:41
though, that could be an issue. But anyways, I want to talk
22:44
about Bitcoin Freedom day. It's an awesome event that's
22:48
being thrown in El Salvador. Why didn't you tell us more
22:54
about it Bitcoin Freedom Day. I would love to.
22:58
So the coin Freedom Day is a free mostly virtual conference
23:03
party celebration thing of sorts made for the Bitcoin Community.
23:07
By the Bitcoin Community. It's in a couple other people,
23:11
Ilan. I mentioned earlier, good friend
23:13
of our Skaggs, and then be welcomed platform, they have
23:16
donated their full Suite of services to us.
23:18
So we can throw a big International and again, free
23:23
celebration for the Bitcoin community.
23:25
So we're still getting everyone's Media announcements
23:27
as they get them in but we have a lot of really strong.
23:30
And I'm like, man, my opinion important voices in the space.
23:33
You're just going through the motions.
23:34
Are you guys can recognize some people, we've got hottel
23:37
tarantula. We've got Tomer.
23:39
We actually have the chivo wallet giving a presentation as
23:42
well. I know the chief of all it has a
23:44
little bit of a controversial presence but really looking
23:47
forward to what they're presenting and like more
23:51
education that front it's going to be very Bitcoin mining
23:55
focused as well. It is A coin mining month.
23:57
So there's an entire panel on hash citadel's that's being
24:00
curated by Leonardo DiCaprio from Bitcoin Twitter and then
24:06
there's another pose like the the actor?
24:10
No, this one's better. He's a Leonardo DiCaprio.
24:14
He's a, he's pretty big in that Twitter spaces.
24:16
He's always popping in and out. If you've been in a lot of
24:18
Twitter's faces, you might recognize them.
24:23
And then yeah and then there's a going to be a big mining panel
24:25
that Alana is going to be emceeing or moderating.
24:30
So it's going to be a lot of fun.
24:31
It's going to be 11 a.m. eastern until about 6:00 p.m.
24:35
Eastern. It's fully remote.
24:38
There is events in El Salvador happening as well.
24:40
If you're on the ground there, we also have a panel of people
24:43
from El Salvador, kind of checking in and talking on their
24:45
experiences and a lots of politicians checking in as well,
24:50
yellow. Yes.
24:52
I mean, your GM's might get it. Why does yellow know everybody?
25:02
Its kind of weirds me out. He's everywhere and nowhere at
25:05
the same time. Anyways, after you want to chime
25:07
in on this that you were the one that that brought it to us.
25:10
Yeah, I mean II thought, you know, this is something that the
25:13
Bitcoin Community I hate using the word Community but I thought
25:16
people should hear about this more, you know it's been one
25:18
year since since the The Faded day to else.
25:22
David or made Bitcoin legal tender.
25:23
And you know, when I saw that it was like a holiday of sorts.
25:28
It was like, yeah, let's get them on the show.
25:30
Let's have more people celebrate this because we've been saying
25:34
it all the time, you know, people need to make it down the
25:36
El zonte as like a Mecca like a Bitcoin Mecca.
25:39
And I did it this year and I absolutely had a blast and I
25:43
can't wait to get back down there.
25:45
And so, you know, I just feel that people should have just
25:49
know about this because I didn't I didn't even know about it
25:51
until like last week or something.
25:53
And so that's why we brought him on so that we can you know,
25:56
spread the signal and have people celebrate tomorrow.
25:59
It should be a Bitcoin holiday and and I love what you guys are
26:04
doing. So this is why we brought you on
26:06
so that more people can know what's going on and, you know,
26:09
kudos to you guys. And I just hope to see this
26:11
continue going down that we celebrate this every year.
26:14
Because not me and you know, say what you want about nation-state
26:17
adoption of Bitcoin but El Salvador or Bitcoin put El
26:21
Salvador on App and and Bitcoin and El Salvador together will
26:26
always remain as the first nation to adopt Bitcoin.
26:30
And, you know, as a Bitcoin, ER, it's something that will go down
26:33
in history. So this day is a very important
26:36
day. Alright.
26:37
So we have more like politicians and attendance to I believe we
26:43
have confirmation from the president of liberland.
26:45
And then a lot of big voices and like the political hemispheres
26:49
are going to be joining as well to speak on different panels.
26:52
So yeah love it or hate it you know governments are going to
26:57
try and do stuff with it regulate it or not Legalize It
27:01
or Not so might as well try and push for the right side of
27:04
History try and push for the right narrative to go forward
27:07
which is Bitcoin is money, its freedom money, its freedom,
27:11
money. Amen.
27:12
To that speaking of conferences, speaking of events for anybody
27:16
that doesn't know Mel is the genius behind a lot of them.
27:20
I'm not going to say which ones. But not even, she's being humble
27:26
but she is sure. So she is mine Mel.
27:34
What have you seen? And we were actually texting.
27:37
We were we were we were texting. We were having a conversation
27:39
about this. What have you seen?
27:42
What has been your reaction to the growth of the Bitcoin
27:45
events? The fact that they just continue
27:47
to get bigger and bigger and bigger every year?
27:50
What has been your experience? With that.
27:53
So one of the things that I saw at little bit block, boom, that
27:58
was kind of fresh and new to me was the amount of businesses
28:06
that sent people to learn. And, you know, the amount of
28:11
bit, it's not just us nerds who all love Bitcoin and are just
28:16
hyper focused on it because of all of the amazing things about
28:19
it. Now adding People, we're getting
28:23
businesses. We're getting, is this a
28:25
different vibe? And it's a good.
28:28
It was a great Vibe, but it was very, very different than say,
28:33
unconscious Cable in 2020. That was a little bit more
28:38
individuals who were passionate about Bitcoin coming and joining
28:43
together as well as people who have been a space.
28:45
A long time I saw so many new faces that at in Austin that it
28:54
really gave me a lot of Hope and Faith in the Hawaiian.
29:01
Why is that? Why did they give you Hope and
29:03
Faith? Because I can see the okay, let
29:09
me, let me, let me just say to you this way.
29:12
Back in 1998, I quit my full-time job to sell online,
29:17
sell on eBay. And at that time, everybody
29:19
said, oh, that's bananas, nobody's going to send you
29:21
money. Nobody is going to wait for this
29:24
and that and I could see straight down the line.
29:27
Like this is where we're going. We're going to be buying and
29:30
selling online. This is how this is, how the
29:32
world's going to work. And that is what I see with
29:35
Bitcoin. It's the only other time in my
29:37
life. I've seen that straight down the
29:39
line path and you can see the ending and how this is all going
29:44
to kind of come together. So I felt like bit black.
29:47
Boom, I saw that I saw a new stage of it and I can.
29:52
And then the fact that we're in this bear Market, well I
29:56
certainly didn't hear anything about a bear Market there and it
30:00
didn't feel like a bear Market. And there were 250 people more
30:05
than last year. They're so what does that mean
30:09
to you? Yeah.
30:11
Yeah man and then it's actually fascinating.
30:13
You said and I really appreciate you sharing that as well.
30:15
Mel the pictures of the first Bitcoin conference and there's
30:20
absolutely no one in the audience and the amount of
30:25
quality Bitcoin conference has happened, right?
30:28
We have the Bitcoin conference, we had the Bitcoin conference in
30:31
Miami, we had done confiscated, what we have B Block, boom, I'm
30:34
super excited for Pacific Bitcoin coming up in November as
30:37
well. There's so many Not to mention,
30:41
you know, all the European Cup the, the the conference, in
30:44
Amsterdam, the conference that was recently in Riga as well.
30:47
There's so many of them, right? And they just continue to get
30:51
better and it's what you said, Mel more people continue to go,
30:55
which means more people are waking up to the fact that holy
31:00
crap, there's a better alternative to Fiat money, and I
31:04
think that's what has me Uber bullish, as well.
31:07
But that's crazy that this is the In time in your life that
31:11
you're starting to see the writing on the wall and I
31:13
completely agree, I think we've all had multiple Eureka moments
31:17
or just like holy crap. This really does change
31:19
everything. So that makes me super bullish,
31:22
preciate, you sharing that Mal, but anyways, Opti everyone is
31:25
really excited for an opt e ramp Let's do it.
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Alright Opti, everyone's excited.
32:30
Everyone's waiting. See if I can do justice to.
32:34
Yes. What you got for us?
32:36
I saw this article and yesterday was Labor Day, and like I said
32:41
in the beginning, you know, Labor Day does have a special
32:43
place in my heart. Now, my family were blue collar
32:46
workers. You know, the construction
32:47
workers? We build houses last year, Labor
32:50
Day. I was digging ditches this year.
32:51
I can provide Bitcoin content. So, you know, is a special Labor
32:56
Day and hence why I gave you guys, such a fired-up rant
32:58
yesterday and I was sick, but I powered through just because
33:02
Like I couldn't stop the signal. Anyways, let's get into this.
33:05
This article we got here and this is called Bitcoin gives
33:07
power back to the people. And this is something I try to
33:10
tell all my family members and they still don't listen to me.
33:14
They all have a little bit of Bitcoin, but they're not as
33:16
obsessed with Bitcoin as I am. And I think this is why I wanted
33:19
to pick this article today. I didn't want it to, you know, I
33:22
didn't want to cover it too far away from Labor Day.
33:24
So that the Labor Day Celebrations are still in
33:26
people's minds. And before I get into this, I do
33:29
want to do a little caveat here. This article is Kind of has like
33:33
a bent on labor unions and while I'm not the biggest fan of labor
33:37
unions. I come from, you know,
33:39
self-employed self entrepreneur families.
33:42
So what our own bosses and this is what I'm always about, like
33:45
Be Your Own Boss. But, you know, as there's a
33:48
point in here, we got to give credit where credit is due.
33:50
So let me just jump into this article and then I'll add my two
33:53
cents on it and we'll have a little conversation on it.
33:55
So as you guys can see, this is Bitcoin.
33:57
Give power back to the people and if you guys want to show you
34:00
guys know we talk about this every single day, About taking
34:02
your life back saving and freedom money.
34:05
Saving the money that can't get the base so that you do, you can
34:08
escape the rat race escape to Matrix and Bitcoin allows is for
34:12
you guys. So, let's jump into this and we,
34:15
you know, I'm not going to read everything but I highlighted
34:17
some parts that I think people can can latch onto so workers
34:20
and workers rights were not respected during the height of
34:23
the Industrial Revolution Life as a worker during this era was
34:26
hell and how would you like to work 12 hour, day?
34:28
Seven days a week in barely make it by these are the conditions
34:31
many of your Ancestors worked in to provide for their families.
34:35
And guys, I know you guys are working your ass off 9250, make
34:39
it out of the Rat Race. And it does feel like this is
34:41
where, you know, we say it all the time history doesn't repeat
34:45
but it Rhymes. And I feel like we're getting
34:47
into this place right now where people are working their ass off
34:50
because the money is losing all their value, you know, a single
34:54
or single family can't be provided on a one job.
34:57
You need multiple jobs. You need both parents to work
34:59
for you guys to survive for you guys to raise children.
35:02
And so we're getting in this cyclical range where it's like
35:05
man these conditions for working have almost godding just as bad
35:09
as they were in the industrial revolution years of working.
35:12
Like this is leaving people tired fed up and ready to revolt
35:15
which is not too different from what we have today, right?
35:18
And this is why I wanted to bring this up is because I see
35:23
it out there. Every single day when I talk to
35:25
my family, when I talk to friends, when I meet new people
35:27
out in public, you know they're talking about the fact that
35:30
they're working their ass off. The I can barely pay for rent.
35:33
They can barely buy groceries. And, you know, I really have to
35:37
do my hardest to not just blurt out like Bitcoin.
35:40
Fixes this. I don't do the best.
35:42
Always, because I'm still out here, orange killing people.
35:45
I'm still always like yellow Bitcoin fixes this you need of
35:48
saving Bitcoin Bitcoin is the way, but we need to, you know,
35:52
incept these ideas into people's minds that the reason you are
35:56
feeling this pain is because Fiat money is stealing your
36:00
value, stealing your time and I just continuously trap in the
36:04
rat race. So this is where you know, we
36:07
get into the labor unions and again, I'm not the biggest fan
36:10
of labor unions because in my opinion there they work a lot
36:13
more, like a mob organizations than things that are beneficial
36:17
these days. But like we say, here, we have
36:19
to give credit where credit is due.
36:21
And without the labor movements effort to, where would America
36:24
be right now? You'd be working your ass off
36:26
with no chance of living, a good life.
36:28
And as much as this is true, it does feel like we are still Back
36:32
in this situation where people are working their ass off day in
36:35
and day out to for, you know, working at two jobs, and they're
36:38
barely making it by, and this is because of the Fiat monetary
36:42
system. Or as we have here, the credit
36:43
based monetary system in the incentive to exploit people
36:46
created abysmal working condition before organized labor
36:49
took root, you know I might have some contention with that
36:52
because again I'm a self-employed family and and we
36:57
work for ourselves. But this point still stand white
37:01
collar and blue collar. Workers can escape the crushing
37:03
hamster, wheel created by Fiat money, the very people we depend
37:07
on to care for us are under immense pressure.
37:10
If you are like me and you have people, you know, family members
37:13
that wake up, 5:00 a.m. work all day 8 hours breaking their ass
37:17
off just to provide for their families.
37:19
You know what, this feels like the root of the problem is the
37:22
credit-based money and the need for central banks to inflate the
37:25
currency. It is inflation.
37:27
That makes businesses and people run faster on the hamster wheel
37:30
until we reach a Breaking Point. How can workers throw a wrench
37:33
in the hamster, wheel. Make It Stop once and for all.
37:36
And if you know what I know, it is Byxis this Bitcoin gives
37:39
power back to the people. And this is what I try to tell
37:42
my family members and anyone that will listen.
37:44
And when I was breaking my ass working, ditches digging,
37:47
ditches building houses. I would tell everyone this
37:50
anyone that would listen. It's like look bro, I know we're
37:53
digging ditches right now but Bitcoin can help you escape this
37:57
scenario and all you need to do is save for your future.
38:00
And this is why I wanted to To cover this article today the day
38:04
after Labor Day is because you're going back to the Grind
38:07
Mode. You know.
38:08
You're back at, work your back putting in the 925 and you
38:11
realize like, man, I wish I could escape the hamster wheel.
38:16
Well, you just need to provide for your future self a little
38:19
bit. You need to save in Bitcoin, you
38:21
need to put some aside for your future self as I heard it
38:24
before. And which save my life is, you
38:26
need to pay yourself first guys. You need to save in Bitcoin
38:30
first and foremost and then never touch it.
38:32
So Bitcoin is the best tool for economically empowering every
38:36
worker in the United States and the world.
38:38
Bitcoin gives back to energy. The world Central bank's stole
38:41
from you Bitcoin, empowers, you to make your own economic
38:43
decision without interference from the state.
38:46
We say this all the time guys, opt out of the Fiat system opt
38:50
out of Fiat slavery and Save in Bitcoin in Freedom money.
38:54
In a money that can't be debased in a money that governments
38:57
can't steal from you. And this is why people feel so
39:01
drained. They There's up you know as I
39:03
like to call it the high level parasite are sucking Humanity's
39:07
energy from them and it's all through the Fiat system but
39:10
Bitcoin allows you to plan for the future without the fear that
39:13
your hard-earned wealth will melt away because of the whims
39:16
of some faceless Banker. In a smoke-filled room,
39:18
somewhere. Bitcoin, takes away that power
39:21
once. And for all, this is why I try
39:24
to cover this all the time is because I remember what it feels
39:27
like to work your ass off and then feel like you can't escape
39:31
the maze. Eric's.
39:32
And I just wanted to cover this today because I want my family
39:36
members and my friends out there to understand what I've
39:39
understood and that is you need to save in Bitcoin because your
39:42
dollars are stealing from you this inflation.
39:46
All the taxation, you know, it's all theft.
39:48
It's always of stealing your value slowly and it's done in a
39:53
hidden Sinister way so that you do not get upset and this is why
39:57
I tried to bring it up to the Forefront.
39:59
All the time is because people need to get upset before
40:01
anything. Chase's, as the meme goes, you
40:03
know, emotion creates motion. So you need to understand what
40:06
the problem is. First and foremost, before you
40:08
figure out, there is a solution. And the problem is Fiat is
40:11
stealing your money. Fiat is stealing your time, and
40:14
this is why we tell you guys to save in Bitcoin because 21
40:17
million hard cab is set in stone.
40:20
And as long as you're running the code, as long as you're
40:22
using a node, these rules aren't going to change.
40:25
You cannot convince me otherwise to change these rules because I
40:28
understand what other bitcoiners understand.
40:32
Inflation is theft. And if you debased our currency,
40:36
which they continue to debase our currencies all around the
40:39
world, they are stealing from you, slowly, because they know
40:42
that if they told you up front, oh, we need to take this much
40:45
money from you. You wouldn't agree to this.
40:47
So, with deflation Airy money, goods and services will get
40:50
cheaper. Not more expensive and the
40:52
quality of life would increase dramatically along with better
40:55
benefits, workers will demand to be paid in sat once the public
40:58
recognizes this fundamental true help return the power to the
41:01
people by Adopting a Bitcoin standard in your life lead, by
41:04
example and watch as others follow your lead.
41:07
I've been saying this consistently guys be a shining
41:10
example of what it means to be a Bitcoin.
41:12
ER, live. A good life be fit, mentally,
41:15
physically, and spiritually. And people will want to know how
41:18
did you become this person to how is your life, so much better
41:21
than mine and all you got to show them is.
41:23
Bitcoin is the way all you need to do is save and Bitcoin ensure
41:26
your future for yourself and stop relying on governments, to
41:30
provide for you because what they're doing.
41:32
In is fundamentally stealing from someone else to give to
41:35
someone else and and in my opinion this is outright
41:39
atrocious. So take back your life, take
41:42
back your power, take back your money and save and Bitcoin.
41:45
And as we've been saying on bitcoin kindergarten, for a long
41:48
time, we like to call it fine Bitcoins n because once you
41:52
unlock yourself from the Fiat system, you have a, your mindset
41:56
changes, your psyche, fundamentally changes.
41:59
And you can take a breath and you can start to look at the
42:01
world. With, with a more positive view
42:03
point, you're not just out there feeling like you're getting
42:05
attacked from every corner. And of course we're going to,
42:09
we're going to quote this Eric case on tweet where it goes,
42:11
Bitcoin is the philosophy of knowledge that understands what
42:14
it truly means to have a form of wealth that cannot be extracted
42:17
or expropriated from any being using it correctly.
42:20
The deep meditation on this idea, turns the whole world in a
42:23
way that was never before conceivable.
42:25
Eric case on just think Boyd would I tell everyone all the
42:29
time is Once you save in Bitcoin, once you can slow down,
42:32
Oh, down and relax opt-out from the rat race case.
42:35
You get the world fundamentally different.
42:37
You can work will look at the world like my name with
42:40
optimistic Fields, an optimistic land and realize, wow, I can
42:43
create something of value in this world that isn't going to
42:46
get fucking stolen from me by these government leeches.
42:50
And this is the beauty of it, guys.
42:51
Bitcoin, gives back your power. If you are, if you're a blue
42:54
collar, worker out there and you have skilled where you can build
42:57
stuff like you have more skills in these bureaucrat pencil
43:01
pushers out there because As all they do is they put they move
43:04
papers around and then they try to convince you that they're
43:06
doing some magic work. But in reality, the people that
43:09
are really creating things, are you guys out there that have the
43:13
skills to build things? But you do not have the luxury
43:18
of of the time it saving wealth brings you because you have to
43:23
wake up 40 hours a week and your end the money you are being paid
43:26
for or paid. In is being stolen from you
43:29
slowly on the backend via inflation.
43:31
And This is why I try to convince people all the time
43:34
that if you just save and Bitcoin, you unlock yourself
43:38
from from The Matrix, you know, you unlock the human capital,
43:41
that is the potential in you, you can start to build something
43:45
of Legacy in a world that is crumbling around you.
43:49
And again I mean I gotta I gotta add some tweets from my friends
43:53
because they say what I say but in poetic terms and this is my
43:56
friend Tucson Bitcoin and he goes Bitcoin is the foundation
43:59
that it allows you to self-actualize in a clown.
44:02
That's what orange, pilled me. And again, as I had on time on
44:05
top, it's fine Bitcoins end and you transcend clown world.
44:09
This is the fundamental truth that I believe Bitcoin unlock.
44:12
For the people out there, it allows you to actualize yourself
44:16
in the freest manner possible because you no longer are
44:20
obligated to the Fiat world, you no longer have the stresses that
44:23
stress you out. So you don't think clearly and
44:26
as you guys know, you know, the powers that be want to keep you
44:29
in fear, they want to keep you stressed out because you Don't
44:32
think properly. The only thing I really know out
44:34
here is, I know how the human brain works and you need to keep
44:38
this militant positivity going and your Forefront of your mind
44:41
or else you don't think correctly, you're thinking
44:44
changes fundamentally when you're living in fear, when
44:46
you're living in stress, but Bitcoin allows you to free your
44:50
mind from all of this Hassle. And you can just Stacks at stay
44:54
humble, you know, stay in Zen. And when I say, stay humble, I
44:58
don't mean behind, don't be hungry for the word.
45:01
I don't mean, you know, Take take the shit that the world
45:04
gives you. It just means, you know, don't
45:06
be an arrogant cocky asshole. I know.
45:09
Shocking. Anyways, I wanted to add this
45:12
last little tidbit and then I'll get everyone's thoughts and I
45:15
did this tweet a while ago. It's Bitcoin changed my life.
45:18
And my friend, June responds is get Snoop talk, tell us how and
45:22
this is the process guys, save and Bitcoin, you will find
45:25
Bitcoins, then you'll take back your mind, you'll take back your
45:28
life and then you'll begin to build something.
45:31
And as you start building, Building, you are Prosper.
45:34
I don't make the rules. I just follow it, whatever that
45:36
building is for you. Whether it's just a family,
45:39
whether it's a company, whether it, whether it's houses,
45:41
whatever it is, guys, you have certain skills, you're an
45:45
individual, you have certain value that you can provide for
45:47
the world and this is what you're here to do.
45:50
I say it all the time, provide the value to your fellow man,
45:53
and you will be rewarded in Bitcoin.
45:56
And so, this is what I believe that Bitcoin is fundamentally
46:00
here to give us, you know, it gives Back our power, it brings
46:04
back community, and it allows you to build something of value
46:08
in a world that is built on paper Ponzi money built on a
46:13
solid foundation and this is what Bitcoin allows for you
46:16
guys. And and this is what I just want
46:18
to Echo out to my family and friends guys.
46:21
I know I know you guys think that I am the crazy Bitcoin.
46:24
ER, I know you guys think that you shouldn't be, you know,
46:28
saving this much in Bitcoin in that I'm, you know, I'm being
46:31
risky. He and I'm overexerting myself,
46:33
but I fundamentally believe. Pay yourself.
46:36
First saving Bitcoin, safer future, you and everything will
46:40
follow. You can unlock yourself from the
46:42
Fiat Matrix. You can unlock yourself from the
46:45
rat race. If you don't like working that 9
46:47
to 5, you don't have to work it if you're able to save for your
46:50
future, but if you're saving and dollars, you are getting stolen
46:54
from slowly. It used to be two percent.
46:56
And now as you can see in the beginning of the show, we have
46:59
double-digit inflation in the western world.
47:02
World. This is absolutely insane.
47:04
Which means you are getting stolen from you.
47:07
In double digits, no longer is it just slowed to percent now,
47:10
it's like 10% of your wealth is being slowly year over year,
47:14
which is insane. How are you supposed to build in
47:16
a world where you're losing 10% of all the value?
47:20
You create it doesn't make any economic sense, just think about
47:24
it. You work 40 hours a week.
47:26
Ten percent of those hours are gifts are stolen from you up
47:31
front. To the government and that
47:33
doesn't even account for the taxes and everything else on top
47:36
of that, guys, there's no possible way for you guys to
47:39
save for your future. If you are only saving and
47:41
dollars, it just doesn't make any economic sense.
47:44
If you are a blue collar, worker out there, if you're the ones
47:47
that are actually providing for for your country, your nation,
47:51
you need to save in Bitcoin or you're never going to build
47:55
anything of value and be able to pass that down to your children.
47:58
Bitcoin is the only solution Bitcoin is the way.
48:02
I wish it were different, but Bitcoin is.
48:05
There is no alternative you need to save in Bitcoin or else your
48:09
children will literally not have anything in the future because
48:13
these parasites will take everything from you, unless you
48:16
opt out of the system and rat Nika, jump in and boom.
48:21
Boom, say, Opti witnessing the birth of greatness, man.
48:27
Dude, it's crazy, Mana. I, I thought this is where the
48:32
It was gonna go and when I first pitch to the idea but holy crap,
48:36
preach man, you're a preacher dude.
48:39
Dude hell yeah, I need 04 ml. This is exactly where the Faith
48:45
and Hope comes from okay. I am from Detroit, which is a
48:50
blue-collar manufacturing town. I lived there until I was older
48:56
so I born and raised worked everyone.
48:59
There is an automotive industry and Manufacturing And in 2008,
49:04
we all got crushed, okay? And I'm gonna be real honest
49:08
with you. We lost almost everything.
49:11
I had a shop, my husband had a job with one of the big three
49:15
and they started to, you know, reduce the hours, take away the
49:20
benefits, add the things. You had to pick this, all these
49:24
things that when you live in metro Detroit, you expect to get
49:29
that from the employers, because that's the way.
49:32
Way, it's been for 100 years or however long it's been and
49:37
because of all of that and how wiped out, Detroit.
49:40
Pretty much we moved to Chicago on nothing and we came here
49:44
because this the industry here is not based on one.
49:47
Like it's just not the one industry here.
49:50
So we thought this is makes way more sense to go where it's more
49:53
diverse. But when I figured out Bitcoin,
49:59
You know, I taught my kids were going to have it, good here, you
50:03
know, maybe I won't be able to make it here, you know, maybe
50:05
it's too late, but I've have hope and I have that now, and I
50:12
feel so much better about things.
50:14
Having some, you know, I don't have a lot of Bitcoin, I would
50:17
love more as we all would, but it's what gives me that hope and
50:21
faith that things are going to be okay for everybody period.
50:27
Yeah, 100%. Mel, thank you for sharing that
50:31
it's you know, and I always go back to this.
50:33
It's nbk's handle deterministic optimism life on a deflationary
50:39
currency where your savings increase interest in purchasing
50:42
power over time. It's just such a radical
50:45
disconnect from The Matrix that we've all grown up in which is
50:49
this world of an inflationary future, right?
50:53
Where your currency you're saving just loses purchasing
50:57
power over time and that forces you which Is what governments
51:00
want it forces you to spend perhaps on things that you don't
51:03
really want, it forces you to invest in things that you
51:07
perhaps you don't really want, if you are a plumber or if
51:11
you're a dentist and you make a good living, right?
51:13
Just to maintain your earnings. Just, to maintain your savings,
51:17
your Force to become a part-time investor.
51:21
If you want to Outsource it to a wealth management fund that
51:23
gives them tremendous amount of power, if you want to Outsource
51:26
it to Black Rock, look at how they are, right?
51:28
And Index Fund look, Powerful, they've become right.
51:32
Well, bitcoiners are trying to say is, hey, maybe you don't
51:35
have to invest, maybe you could just saving your money, right?
51:40
And I think that's really, you know, the world that we're
51:42
trying to get to everyone. And here's the thing, right?
51:45
The effects that it's had on my life, the effects that it's had
51:48
on Optimus is life. The fact that it's had on your
51:51
life male the effect that it's had Bitcoin Freedom Day.
51:54
Look at the name of the freaking conference like it.
51:57
Fundamentally changes lights. Life for the better.
52:00
It's not a coincidence that Michael Sailors website for
52:04
Bitcoin is Hope.com because that's what it is.
52:06
Bitcoin provides hope in a world full of Darkness.
52:10
Nihilism inflation, government corruption etc etc.
52:14
Anyways Bitcoin Freedom Day. Why don't you chime in on this?
52:17
And then we'll go to the Moon. It will go to the memes memes.
52:21
Ya know the coin is hope the Quints freedom for a lot of
52:24
people. I think if you take a look at, I
52:26
mean not just places like Detroit because Detroit has been
52:28
very economically. Enfranchised over the years with
52:31
the whole. Yeah, no.
52:32
I mean, all you have to do is remember the Michael Moore
52:34
documentary Who Killed the Electric Car like that's, you
52:38
know, then we watched that back tank 15 years ago, so that was
52:40
just the first clue and but especially in places like Latin
52:44
America and Africa. We're seeing so much Bitcoin
52:46
adoption and Innovation happening.
52:48
Because to these people, it is money.
52:49
It is a way to get out of these centralized horribly corrupt.
52:54
Absolutely necessary items that are just A necropsy on people.
53:00
There's there's nothing to going on there.
53:01
So the Coin Salt Bitcoin is Hope and you're absolutely hit the
53:06
nail on the head. Those systems are literally
53:08
stealing from everybody and I think, people know this
53:11
inherently, they know it from within and the system convinces
53:14
you that it's the other political the other political
53:18
party and what people should really be looking at is, dude,
53:22
it's the money it's the money. It's been stealing from
53:25
everybody, but anyways, Opti, let's get to it.
53:28
One's favorite part of the show. Let's get to the memes.
53:33
Daily mean, review brought to you by B box to bitcoin only
53:38
additional Hardware while it by shift crypto crypto like
53:41
cryptography. It's secure, it's open source
53:44
and it's so easy, your mom can set it up.
53:46
Self custody is the revolution in the bit box.
53:49
Makes it simple, do not leave your Bitcoin on an exchange
53:53
order a bit box today. Boom, they'll pop.
53:57
Well, every time I see that like I want to buy a pit box dude,
54:00
what a 500. Gets me excited every time I
54:03
hear it. All right, guys.
54:05
So this is the mean review, of course, Put Your Meme score in
54:09
the chat preferably before the last one because there is a
54:12
delay and we want to read your scores on the show.
54:16
But this first one is all wait, hold on.
54:18
I forget memes. Are the artillery in the
54:22
information War? Guys, this is what powerful.
54:26
You're gonna get it regularly. I butchered every time but you
54:30
guys know the deal your memes. Are so powerful out there, guys.
54:33
I said I'll time. You know, it is our mean world
54:35
and everyone else is just living in it.
54:37
So, continue to meme continue to shitpost because, you know,
54:41
really one meme can change one person's life and that person,
54:45
you don't know who they are. And you don't know what they're
54:47
capable of, but as weak, as we showed yesterday, you know,
54:50
Bitcoin awakens aligned within. And if you can mean people,
54:53
that's a powerful tool, guys, like everything is memes.
54:56
Life is memes and means is life. Anyways, this first one is by
55:00
saying algorithm, This is a play on the great Michelangelo post
55:05
of God, reaching down to Adam, and it's got all the people
55:09
pointing around it. I don't I could name every one
55:11
but we got Spider-Man Leonardo DiCaprio the guy from what's it?
55:15
Orange hon, stop the launch. I don't know it's Orange County
55:20
Choppers, right? Yeah, exactly.
55:22
There it is. But anyways you guys know all
55:25
the point you guys but I didn't realize this until later but he
55:29
actually I was the inspiration for this a little Bit.
55:32
And there's this tweet right here guys.
55:35
And again, I don't want to push my religious views on anyone,
55:39
but someone made a thread about this and it was a painting by
55:41
Michelangelo in the climax. Was this God's fully extended
55:44
reach to connect with man? And man, barely putting enough
55:47
effort into extend a finger fuel understand, this guy's, and I
55:51
only had that context because guys, it really is a pain.
55:54
You guys to individual out there to put in the work, proof of
55:57
work is much more than just about Bitcoin mining.
56:00
It's a life philosophy. Do not It jaded do not get, you
56:03
know, tired out there, do not get nihilistic.
56:06
You need to put in the work right now.
56:08
And as I said yesterday, we need lines out there that are putting
56:11
in the work because it is not the time to get lazy.
56:15
Does not going to get nihilistic.
56:16
In my opinion is more important than ever.
56:19
To have that militant positivity and understand that we are
56:23
winning. Do not get disillusioned out
56:24
there, guys. We are fundamentally winning
56:26
this information war and it's more obvious to me every single
56:30
day. Anyways, on to the next Meme.
56:32
This one by a level 39. And I know you guys are hearing
56:35
out there about oh the eith merge and oh my God, proof of
56:38
stake of the proof of work and it's all crap.
56:40
Anyways, I like this. I like this mean right here
56:43
because it's, you know, memes can say what I have to say and
56:48
hundreds of words and literally no words.
56:50
So he goes proof of stake. Is not a substitute for
56:52
proof-of-work. Only Bitcoin can free you from
56:55
monetary repression. And as you can see, sorry, my
56:59
roommates dog is freaking out and he goes Is plutocracy is
57:04
ethereum proof of stake and it's a fat cat and then we got the
57:07
hard-working. Meritocracy, that is
57:09
proof-of-work bitcoiners. The people that are building the
57:12
world. This is, you guys, the blue
57:14
collar workers. And this is why I wanted to add
57:16
this on the meme, considering today's daily culture and the
57:19
labor day that we just had yesterday.
57:21
You guys are the ones that are build, do not let these frickin
57:25
fat cat. Steal your life from you and
57:28
then shout out to my boy rope. He made a meme in regards to my
57:33
culture, yesterday of lying and being awakened because of
57:37
Bitcoin and goes more lions and we got Bitcoin being fed by mmt
57:41
in the United States Federal Reserve System and then Bitcoin
57:44
gets big enough and becomes a line that it eats the Federal
57:47
Reserve System. Yes, this is the way and then
57:51
the next one is by Shiro hard. Only goes.
57:53
So you're saying and this is Annie oh, you know, Bitcoin
57:56
neomi me good. So you're saying I need a
57:58
Bitcoin node and Morpheus goes I'm saying that you are Bitcoin
58:02
know the software you run is one way.
58:04
You communicate your red lines to everyone else roof with a
58:08
time. And then for a while I've been
58:10
telling Darth coin or Darth coin, bit coin that I'm going to
58:13
add some memes and I just keep forgetting because he doesn't
58:16
have a Twitter but he's got an awesome subset guys and I highly
58:20
recommend you, go check out his meetings because not only does
58:22
he mean solid memes out there but he has awesome write-ups to
58:26
explain what the meme said. And this one is, what is freedom
58:31
and Darcy. Simple definition of freedom.
58:33
What is freedom? Freedom is the ability to be
58:35
responsible for your own actions when you don't need to be
58:38
governed by others. The more responsible you are for
58:41
your actions, the less you need to be governed by other people.
58:44
The less responsible you are for your actions.
58:46
The more you need to be governed by others and this just goes
58:50
back to what we tell you guys all the time about Bitcoin.
58:53
Bitcoin is a revolution of the individual take full
58:56
responsibility for your life. Stop being a victim, saving
58:59
Bitcoin and create something. Value for the world provide for
59:04
others and Bitcoin will be rewarded to you.
59:08
Anyways, my mean review score is is a continuation of what I gave
59:13
the other day. Here's a great American mining
59:16
sticker. Shout out to Mike Hobart.
59:18
He gave me a whole bag of goodies.
59:20
So I might be using Great American mining merch for my
59:24
meme review scores for a while. But anyways, what are you guys
59:27
is mean review scores? I'm going to give it This new
59:32
lens that I got for the camera. I'm about to install some be
59:35
dope. Yeah, Allen's and yellow, he's
59:39
standing behind me. It's very uncomfortable.
59:42
Well, what would you give those memes?
59:44
I'm going to give it this brand-new pair of vintage 1960s,
59:50
sunglasses early, bamboo nice, very nice Bitcoin, Freedom Day.
59:59
What would you give those memes? A piece of cheese.
1:00:03
I loved you very very that's that's a that's a very
1:00:08
sophisticated score. I don't know if we could match
1:00:11
that awesome glasses by mail. Yo, I don't know how you type
1:00:17
while you're behind me. Yellow Gibbs.
1:00:19
These memes a lab, or wolf back to opt.
1:00:21
He's do go. Okay?
1:00:22
Very good rabbit. I give these memes a convicted
1:00:26
felon, Central Banker, Reading those memes, a red nose, pitbull
1:00:31
bonus points for whoever knows the pit bulls name.
1:00:34
Hmm, I don't know that. So it's a good one.
1:00:37
Okay, nope, no day. I give those memes opt he's
1:00:40
roommates, dog, and by roommates, I mean, parent, ha ha
1:00:43
ha irate those memes a failed, soldering attempt, at an iPad
1:00:48
chargepoint. Oh, that sucks point of charge
1:00:51
port. That sucks, man, that sucks.
1:00:54
But you got to try it because Apple just absolutely destroys
1:00:57
you at the so-called Genius Bar. Anyways anyways Opti, we have an
1:01:02
open source off early today. Let's check it out.
1:01:06
Bitcoin software release, brought to you by Cipher safe,
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Visit Cipher safe, dot IO. All right, guys, for today,
1:01:37
software release, we got join Market version, zero, point
1:01:40
nine, point, seven release. And, you know, this, this is a
1:01:46
got a bunch of updates and stuff, guys.
1:01:49
Definitely go check it out, you know, use join Market.
1:01:52
Hopefully it becomes a lot easier to use so that I can use
1:01:55
it because your boys are high functional dumb, but I will
1:02:00
definitely put in the work to make sure that I can use join
1:02:03
Market. Anyways, if you liked the show
1:02:05
Check us out on audio format. We had, we're on the Apple
1:02:08
podcast. We're on Spotify.
1:02:10
We are on anchor FM. And if you think we're providing
1:02:13
value, guys, definitely check us out on anchor or no, sorry on
1:02:17
Fallon and stream of sunsets. We love you guys.
1:02:20
I hope you enjoyed Today's Show. We'll see you soon or actually
1:02:24
tomorrow, close this one out and you go.
1:02:28
I also want to give a very special shout-out to our awesome
1:02:30
clothing. Sponsor represent LTD.com Opti.
1:02:34
Why don't you show the hoodie off your full screen right now?
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That's the decentralized show the back, show the back to
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centralize core centralized thing.
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Anyways, I'm wearing the same one, but in Black, it's awesome,
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makes Bitcoin merch. It's making simply Bitcoin
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and you can take advantage Enter the promo code down below to get
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that was our show if you enjoyed the show, you know what to do.
1:03:02
Smash that like button. It really, really helps us
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1:03:11
So we really appreciate that. And of course, if you feel like
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the show provided value, definitely consider hitting that
1:03:18
subscribe button. Also, I have to give a shout out
1:03:21
to our awesome guess Yes, first of all, Bitcoin Freedom Day.
1:03:25
Thank you so much for coming on the show.
1:03:26
Where can people find you? That was the wrong button
1:03:31
anyway. Bitcoin, freedom day.com and
1:03:35
there's free tickets to the coin.
1:03:36
Freedom day, it's going to be tomorrow.
1:03:38
September 7th from about 11, a.m. eastern until 6 p.m.
1:03:41
Eastern packed with lots of speakers.
1:03:43
Check out the website. There's more of them, still
1:03:45
being announced, including like the president of liberal and he
1:03:48
did actually confirm. So yay.
1:03:50
Awesome, very excited. And of course, Mel Mel.
1:03:54
Where can people find you? You can find me on Twitter at
1:03:57
girls. Or Bitcoin and working on comp
1:04:03
skateable for December. 20 23. I'm very excited.
1:04:08
I can't recommend that conference more.
1:04:11
It is one of my favorite conferences.
1:04:13
It is super awesome. It's in Las Vegas.
1:04:15
There's a poker tournament as well.
1:04:17
Definitely recommend it guys. That was our show.
1:04:20
We will see you tomorrow for a brand new episode of Simply
1:04:23
Bitcoin.