Latest / Simply Bitcoin / Jack Mallers EXPOSES Ethereum ETF on National TV | EP 997

Transcript

Jack Mallers EXPOSES Ethereum ETF on National TV | EP 997 · Simply Bitcoin

• 0:02
  It's. All.
• 0:03
  Going to zero against Bitcoin. It's going on forever You're
• 0:15
  against Bitcoin, you're against freedom yeah.
• 0:22
  Welcome to submit Bitcoin live, your number one source for the
• 0:24
  peaceful Bitcoin revolution cup breaking news, culture, romantic
• 0:27
  warfare. We will be your guide through
• 0:30
  the separation of money in state.
• 0:31
  Ladies and gentlemen, sit back, relax, enjoy the ride.
• 0:34
  We have lots to cover today, but I think this caught a lot of
• 0:39
  bitcoiners off guard this week, which was the ETH, the ETH
• 0:43
  Ethereum ETF being approved. We had Michael Saylor at the
• 0:47
  Bitcoin for corporations conference going out on the
• 0:50
  stage basically saying there's absolutely no way this thing
• 0:53
  gets approved. But of course, you know, the
• 0:56
  whole Bitcoin thing started to get political.
• 0:59
  You had a presidential candidate kind of say, listen, we're going
• 1:02
  to build a, you know, a, a, a crypto Bitcoin army.
• 1:06
  And then, you know, the other side, I think wanted to save
• 1:08
  face, which I think was a huge motivation behind the approval
• 1:12
  of this ETF. Also, we have a video of Jack
• 1:15
  Mahler's kind of reacting to this.
• 1:16
  I think it caught a lot of members in the Bitcoin community
• 1:19
  by surprise. But I'm, I'm, I've been saying
• 1:23
  this for, for, for a while now. I'm taking a more kind of
• 1:26
  libertarian stance, which is like, look, if we are rooting
• 1:30
  for government intervention to, you know, defeat the all coiners
• 1:35
  like, like, you know, are you really a bit coiner?
• 1:38
  Like, you know, you shouldn't be rooting for, you know,
• 1:41
  government intervention to give you any type of special
• 1:43
  treatment whatsoever. Bitcoins incentives and just
• 1:47
  Bitcoin being Bitcoin, you know, we'll we'll rule the day though,
• 1:51
  we'll win just by Bitcoin being Bitcoin.
• 1:53
  So I'm, I'm just a little bit surprised because, you know, I'm
• 1:57
  not gonna name any names, but there is portions of the
• 1:59
  community that were like, you know, wow, like I can't believe
• 2:02
  this, You know, ETH is clearly a security and this isn't
• 2:06
  acceptable. It's like a clown world has
• 2:08
  accelerated to such a point that are you really, like, are you
• 2:12
  really trying to justify, you know, a clown world playing by
• 2:17
  certain types of rules? Like clearly the system is
• 2:20
  corrupt. Clearly the system is broken.
• 2:22
  Clearly Ethereum had enough political support in order for
• 2:26
  this thing to, you know, for this Ethereum ETF to be
• 2:29
  launched. But look, Bitcoin is Bitcoin has
• 2:33
  the best incentives. You can't mess with the monetary
• 2:35
  policy. It's rules without rulers.
• 2:38
  It's Infinity divided by 21 million.
• 2:40
  You can't change the rules to benefit yourself.
• 2:43
  And that separates it from the rest of, you know, the crypto
• 2:46
  currencies, right? That's what makes Bitcoin
• 2:48
  special. And look, now that the ETF got
• 2:51
  approved and I believe the SE CS gonna take a major step back
• 2:55
  after instead of like going after Coinbase for listing
• 2:58
  these, these securities. I don't think they're gonna be
• 3:00
  successful with that at this point because of how unpopular
• 3:03
  that is politically. This is where Bitcoin, you know,
• 3:06
  will shine. This is where this where This is
• 3:08
  why we're here, right? Do we really believe this is the
• 3:10
  best money the the world has ever seen?
• 3:12
  I do. I could literally give you, you
• 3:15
  know, a, a 30 minute speech as to why Bitcoin is special, why
• 3:18
  Bitcoin is different. So, you know, again, rooting for
• 3:22
  the government to step in and give Etherium special treatment,
• 3:26
  I think was pretty ludicrous from the it's it's not like it's
• 3:30
  a non, it's a non Bitcoin S thing to do, right.
• 3:34
  You know, there's the Etherium foundation.
• 3:36
  They own the majority of the supply.
• 3:37
  They've rolled back to change. They've changed the rules.
• 3:41
  They mess with the supply like, you know, it's, it's heavily
• 3:44
  centralized. The vast majority of Ethereum
• 3:46
  nodes are run on servers. Therefore, you know, there's a,
• 3:49
  there's a, a potential attack vector there.
• 3:51
  Like there's so many things that go down the list of why this
• 3:55
  thing can't be a tool for the separation of money and state,
• 3:59
  which is why we're here as simply Bitcoin.
• 4:01
  We believe that if you fix the money, you fix the world, you
• 4:04
  make the world a better place once you take the money out of
• 4:07
  the hands of government. I don't believe Ethereum is that
• 4:10
  tool. So anyways, it's gonna be a
• 4:12
  great show. Lots to unpack.
• 4:14
  Also, pretty big news in the USI really thought the fight was
• 4:19
  gonna be a lot tougher. But one of the things I always
• 4:21
  say is Bitcoin or slavery. And yesterday in the House an
• 4:27
  anti central bank digital currency bill was passed.
• 4:31
  Now what was really interesting is it was completely along party
• 4:35
  lines. So the Democrats as a whole, I
• 4:38
  think 3 defected. But like the Democrats voted for
• 4:42
  central bank digital currency and then the Republicans voted
• 4:45
  against the central bank digital currency.
• 4:47
  And you would think this is a bipartisan issue, but that it's
• 4:53
  become partisan, which is really strange.
• 4:55
  Like, why would you support a surveillance coin that the
• 5:01
  government will weaponize and used against its populace?
• 5:06
  Why would you ever support that? Like I don't care what your
• 5:09
  political ideology is. That's very strange to me, to be
• 5:13
  honest. So listen, we always say Bitcoin
• 5:16
  or slavery. It's Bitcoin.
• 5:18
  The slavery aspect really stands for central bank digital
• 5:21
  currencies. That's it really.
• 5:23
  That's the future ahead of us. I don't think that there's going
• 5:26
  to be an in between. They're already trying to get
• 5:28
  rid of cash. So we'll cover all that today.
• 5:31
  And of course it is Friday. So we have the meme meme review
• 5:35
  ready for you guys. So I'm going to bring up the my
• 5:37
  legendary Co host who's always optimistic.
• 5:40
  What's up bro? Man, it's been a crazy week
• 5:42
  dude. We went from thinking we're
• 5:44
  going to go to the gulags for taking Bitcoin into self custody
• 5:48
  into wait, holy cow, this thing did a complete 180 to an anti
• 5:53
  central bank digital currency bill being passed in the house.
• 5:56
  Like this escalated very very quickly and things turned
• 6:00
  around. I thought it was going to be a
• 6:01
  much tougher fight. I am still not convinced that it
• 6:06
  won't not be a tough fight. I, I'm I'm a little suspicious
• 6:10
  of them joining us at this point, but that's besides the
• 6:12
  point. I'm I'm not I, I think I'm a
• 6:14
  little pessimistic feels this morning.
• 6:16
  I'm a little distraught. First, the stars lost to the
• 6:19
  Oilers last night and I really wanted to dunk on the Bitcoin
• 6:22
  well, guys, but that didn't happen.
• 6:24
  Second, I was hearing myself yesterday and I sound so
• 6:27
  nasally. I, I mean, I'm, I'm astonished
• 6:30
  that people even listen to me on, on simply Bitcoin and I got
• 6:34
  a pimple this morning. I'm like, my face was just
• 6:36
  clearing up. I'm just, I'm just a mess right
• 6:38
  now, guys. I'm, I'm holding it down on the
• 6:41
  Friday show, but now I'm, I'm kind of low key trolling.
• 6:44
  Everything is great, man. Life is wonderful.
• 6:46
  I absolutely love living. This is great, man.
• 6:48
  I, I couldn't be happier being a Bitcoiner.
• 6:51
  Life's incredible, man. I like, I don't see how people
• 6:54
  are unhappy, especially Bitcoiners.
• 6:56
  I don't see how bitcoiners are unhappy.
• 6:57
  And I just legitimately don't get why people don't realize
• 7:00
  that we are living in paradise. Like go forth and create and
• 7:03
  prosper. Like life's great.
• 7:05
  It's so good being a Bitcoiner. I love, I love life.
• 7:07
  I'm a huge fan of living anyways.
• 7:09
  Anyways. That's why we call them optimist
• 7:11
  fields. Let's bring them.
• 7:12
  As optimism, yeah, let's bring up our guests.
• 7:14
  So we got Bram. Uh, I'm gonna butcher your last
• 7:17
  name, bro. But is it Kanstein?
• 7:18
  Bram Kanstein. It's Kanstein like Goldstein.
• 7:21
  There we go. Bram Kanstein, a fellow content
• 7:24
  creator on YouTube, host the show Bitcoin for Millennials.
• 7:27
  So we're going to talk about that and I'm I'm really want to
• 7:29
  get your pitch for millennials and and the feedback during the
• 7:32
  culture. But anyways how you doing this
• 7:34
  morning bro? Dude, I'm all I'm all good.
• 7:37
  You told me about the chat, but the chat is already ruthless
• 7:39
  about your OK, OK. Yeah, I told you to prepare.
• 7:45
  So shouts out to the chat. Shouts out to the troll box.
• 7:47
  You guys are part of the fun. It's all bum bum, right?
• 7:52
  Oh God. Sorry.
• 7:55
  There's already 557 of you guys watching live between YouTube
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  and X and another 30 of you guys watching on Rumble.
• 8:02
  So if you guys are enjoying the show so far, help us break 100
• 8:06
  likes within the first let's 15 minutes of the show.
• 8:10
  We're at 64 likes right now. Smash the like button.
• 8:13
  If you guys are enjoying the content so far, it's going to be
• 8:15
  a great Friday show. We got the meme review lined up
• 8:18
  for you guys as well. I know that's a fan favorite.
• 8:20
  So we got Opti's meme review lined up for you guys.
• 8:22
  It's going to be an incredible show.
• 8:23
  Looking forward to it. But before we start the show, I
• 8:26
  do want to give an extremely special shout out to the Bitcoin
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  selfcustodywithautomaticselfcustody@bitcoinwell.com. All right everybody, let's hit
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  grandchildren one day. You're going to have family
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  And imagine being in a situation where you stack the dip.
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  pieces of paper. That's a terrible idea if you
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  Couldn't be me. That's terrible, right?
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  Couldn't be me exactly. You know my dog would break his
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  teeth because it's on titanium, right?
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  But on paper, you know, it's bad idea.
• 11:57
  Anyways, at the time of recording the Bitcoin price is
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  68,230 SATS per dollar, 1466 block height 844,939 blocks to
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  having 205,061 having estimate March 22nd 2028 total lightning
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  dollars, realized monetary inflation 1.65%.
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  The market capitalization of Bitcoin currently sitting pretty
• 12:26
  at 1.34 trillion and Opti's blocking it with the chat.
• 12:31
  Bitcoin versus gold market cap 8.34%.
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  There's already 674 of you guys watching live and on Rumble
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  Help us break 100 likes within the 1st 15 minutes of the show.
• 12:46
  All right, moving on to today's news.
• 12:47
  SEC approves rule change to allow creation of ether ETF.
• 12:52
  So this is kind of like the big news of the week.
• 12:55
  I think a lot of Bitcoiners were caught off guard.
• 12:58
  Let me just play this video just to kind of give you an idea of
• 13:00
  what I mean. Check out this video.
• 13:04
  Ethereum is not going to be approved sometime this summer.
• 13:07
  It'll be very clear to everyone that Ethereum is deemed a crypto
• 13:10
  asset security, not a commodity. After that, you're going to see
• 13:14
  that Ethereum, BNB, Solana, Ripple, Cardano, everything down
• 13:21
  the stack is just a crypto asset security unregistered.
• 13:26
  None of them will ever be wrapped by a spot ETF.
• 13:29
  None of them will be accepted by Wall Street.
• 13:32
  None of them will be accepted by mainstream institutional
• 13:35
  investors as crypto assets. This is the one universal
• 13:40
  consensus accepted institutional grade crypto asset in the world.
• 13:46
  There won't be another one. Ethereum is.
• 13:48
  So that's not what happened, you know, And I think it caught a
• 13:51
  lot of people by surprise, including myself.
• 13:55
  So here's the CNBC article the SEC has approved.
• 13:58
  And by the way, for audio listeners, in case you don't
• 14:00
  recognize that voice for whatever reason by now, that is
• 14:03
  the voice of Michael Saylor at the Bitcoin for Institutions
• 14:07
  conference that MicroStrategy through.
• 14:09
  So anyways, so you know, again, I think a lot of people were not
• 14:12
  anticipating this, but I believe that there is a a multitude of
• 14:16
  reasons. I think we're going to play you
• 14:18
  a video by Jack Mahlers in a little bit.
• 14:21
  I believe that a lot of this came from the political
• 14:25
  situation, right? We saw a complete 180 by the
• 14:28
  White House in terms of how they're treating these assets.
• 14:31
  I think they're seeing the internal poll numbers.
• 14:33
  If a huge portion of their their voting demographic, you know, is
• 14:38
  holding Bitcoin, you know, it's probably not a good idea to be
• 14:42
  so hostile towards the industry. I mean, I think they crossed the
• 14:46
  line as soon as they put Bitcoin privacy developers in a box.
• 14:52
  I think as soon as they passed that me and Opti were talking on
• 14:55
  the phone, I was angry. I was upset to the point where
• 14:59
  like, you know, I completely threw the Overton window outside
• 15:03
  of the window. And I was like, you know what,
• 15:06
  like it's probably not a good idea to vote Biden because, you
• 15:09
  know, he it's terrible for the industry.
• 15:11
  It's probably a good idea to vote for Trump or RFK, right?
• 15:14
  Like, you know, and, and I know it resonated with a lot of
• 15:17
  people because that tweet absolutely blew up, which means
• 15:20
  that a lot of people were thinking about it as well, but a
• 15:22
  lot not not enough people were thinking, well, not enough
• 15:24
  people were talking about it. And then within a week you have
• 15:28
  David Bailey, the, you know, the CEO of Bitcoin magazine,
• 15:31
  basically saying how he's going to help raise money for the
• 15:34
  current administration's political opponents.
• 15:36
  You had President Trump or ex President Trump host like a
• 15:41
  fundraising event at Mar a Lago, right?
• 15:43
  So like I, I, I really believe that they crossed this line.
• 15:47
  They stirred up the hornet's nest and they pissed off a lot
• 15:50
  of people. And now they're, you know, they
• 15:52
  did a complete 180 and trying to take it back.
• 15:55
  They're like, you know what, actually, you know, this, this
• 15:57
  thing ain't so bad. And I think it's too little too
• 16:00
  late. And I think the approval of the
• 16:02
  Ethereum ETF kind of comes with a lot of that, you know, because
• 16:07
  look at the hell that they gave Bitcoin for the Bitcoin ETF to
• 16:11
  be approved. Like Gary Genzer was literally
• 16:13
  grinding his teeth when they they butchered the the approval,
• 16:16
  they butchered the release. You know, they first they said
• 16:19
  it was approved, then, you know, the price of Bitcoin spiked and
• 16:22
  then they said no, no, no, it was fake.
• 16:24
  It wasn't approved. And then the next day they said
• 16:25
  actually it is approved. Like completely dropped the
• 16:28
  ball. The SE CS job is to stop market
• 16:30
  manipulation and they literally manipulated the market by
• 16:34
  butchering the Bitcoin ETF launch.
• 16:36
  Anyways, goes on to say the SEC has approved a rule change
• 16:39
  Thursday that would pave the way for ETFs that buy and hold
• 16:42
  ether, one of the world's largest cryptocurrencies.
• 16:45
  The decision comes less than six months after the SEC Commission
• 16:48
  approved Bitcoin ETFs. Those funds have proven to be a
• 16:52
  big success for the industry, with net inflows already
• 16:55
  surpassing $12 billion. Late May had long been pegged as
• 16:59
  a potential decision date for the ether funds, since it
• 17:02
  coincided with a deadline for the SEC to decide whether the
• 17:06
  Vanek, the Ethereum ETF, could proceed.
• 17:09
  Many of the companies that sponsor Bitcoin ETFs, including
• 17:11
  BlackRock, Bitwise, Galaxy Digital, have also started the
• 17:15
  process of launching an ether fund.
• 17:18
  Here's Jack Mahler's reaction to it.
• 17:20
  I think it's one of the best reactions coming from the
• 17:22
  Bitcoin community. He went on Bloomberg, so it got
• 17:25
  a lot of, you know, legacy media exposure.
• 17:28
  And he, he basically, you know, answers the question like, why
• 17:31
  did the SEC pivot? He's making the case that it's
• 17:34
  because bank, because banks get crushed by negative yielding
• 17:38
  bonds. And they saw how successful the
• 17:41
  Bitcoin ETF was and you know, they, they basically wanted to
• 17:45
  mimic it. I would add to that as well.
• 17:48
  I don't think it's just, you know, I don't think it's just
• 17:51
  the bonds. I, I think it has to do with the
• 17:54
  political environment as well. I think it's a, it's a multitude
• 17:57
  of things. Anyways, I'll play you guys the
• 17:59
  video. It's about 5 minutes long, but
• 18:00
  it is at 1.25 the speed. Let's see if we get through the
• 18:04
  whole thing. Someone who's we need the
• 18:05
  Bitcoin scene and what he thinks about the Ethereum ETF as well.
• 18:08
  Strike CEO Jack Manners, always great to have you on the show.
• 18:10
  Thanks for coming in to the studio.
• 18:12
  You of course very much focus on functionality and building upon
• 18:14
  Bitcoin. What do you think though of a
• 18:16
  ETF? Yet more institutional money
• 18:18
  potentially coming into the smart contract side of the
• 18:20
  equation. Yeah, I'm not a fan of any other
• 18:22
  cryptocurrency outside of Bitcoin, but I think there is a
• 18:24
  hilarious story as to why this is happening.
• 18:27
  I mean, I was laughing out loud. It looks like someone went to
• 18:29
  Gary Gensler and said, hey, buddy, you're not in charge
• 18:31
  anymore. And you have to think why that
• 18:32
  was. It's because banks and Wall
• 18:34
  Street are making money, right? Banks get a really bad deal in
• 18:37
  today's market is they have to buy bonds that are performing
• 18:41
  awfully and all of a sudden they get a free market in this
• 18:43
  independent crypto thing and they're actually making money.
• 18:46
  These markets have life. These markets go up when
• 18:48
  governments to base their currency.
• 18:49
  These things perform well and they got a taste of Bitcoin and
• 18:51
  it was the best performing product that they've ever had.
• 18:53
  And they're like, oh man, how many other pieces of crap are
• 18:56
  there out there that we can list as ETFs?
• 18:58
  And I literally think that's what's happening.
• 18:59
  It's a way Better Business to launch crypto ETFs and it is to
• 19:02
  buy bonds right now based on the macro environment.
• 19:05
  So I think someone said, hey, Gary, sorry, buddy, despite you
• 19:08
  thinking that these things are securities, we need to make
• 19:09
  money and that's what happened. It's funny.
• 19:10
  That you bring up Gary Gensler, because of course the House of
• 19:12
  Representatives currently taking on a bill at the moment as to
• 19:14
  whether it should be the SEC at all overseeing crypto products
• 19:17
  more generally or whether it should be shifted.
• 19:18
  But to your point, whether or not Etherium does indeed manage
• 19:22
  to become spot traded with an ETF and money coming in, there's
• 19:26
  a real organization of some of the documents they don't want to
• 19:28
  see staking involved in any way. How do you think about what that
• 19:31
  means for an investment opportunity?
• 19:33
  Listen, I again, I'm a Bitcoin guy.
• 19:35
  I think all of this is a distraction and a load and
• 19:37
  nonsense. I think what they're trying to
• 19:38
  do is walk the fine line of how can we justify banks and Wall
• 19:41
  Street making more revenue on this industry?
• 19:43
  Because with all passive investing and central banks
• 19:45
  really trying to price control everything, this market has
• 19:48
  life. And if it has life, it means
• 19:49
  there's an opportunity to make money.
• 19:50
  Volatility is a good thing. People on Wall Street like
• 19:53
  volatility. So they're trying to find a way
• 19:54
  to justify and make happy in peace with existing securities
• 19:56
  laws while giving these Wall Street and these big banks like
• 19:59
  JP Morgan and ability to monetize this space and actually
• 20:03
  make money. Because the business they're in
• 20:04
  right now is, is awful. I mean, you're, you're needing
• 20:06
  to buy bonds, lend money to the government and not get paid the
• 20:08
  growth that they're. Doing quite well.
• 20:10
  I mean, there are certain parts of the, I get your point though,
• 20:12
  financial institutions still been doing quite well in the
• 20:14
  rest of the markets, but there's essentially a role for banks to
• 20:16
  play here, which could also be going through.
• 20:18
  Yeah. But I think, listen, the the S&P
• 20:19
  500 is dominated by what, like the top seven companies and
• 20:22
  they're all tech companies. Tech companies don't care about
• 20:24
  the cost of capital. They don't need business loans.
• 20:25
  Facebook, Apple, these companies can finance their business with
• 20:28
  their existing cash flows. And so the rest of the world is
• 20:30
  in a pain of hurt and banks right now, their whole job is to
• 20:33
  take our deposits and buy bonds. And these bonds are getting
• 20:35
  slaughtered and all of a sudden they're like, wow, here's a
• 20:37
  market with life. Here's a market with retail
• 20:39
  flows. Here's a market that has
• 20:40
  volatility and that is actually reactive to the outside world.
• 20:42
  Hey, how many of these crypto things exist?
• 20:44
  Hey, Gary, accept them all. So I wouldn't be surprised if we
• 20:46
  got a shuba dookie coin. What did I say on here?
• 20:49
  We should get a shuba dookie ETF soon.
• 20:50
  Seriously, I really think they're trying to practice it.
• 20:53
  Jack, let's go back to basics here.
• 20:55
  There will be members of the boomer technology audience that
• 20:56
  push back on, I'm paraphrasing a spot ETF being the next listing
• 21:01
  of a piece of crap. There's a standard tagline in
• 21:04
  our Bloomberg coverage, which is the Ether is the native token of
• 21:07
  Ethereum, and Ethereum is the most widely commercially used
• 21:11
  block chain. What would be your response to
• 21:14
  that standard line? Sure.
• 21:15
  OK. And I apologize to all those I
• 21:18
  offended. Here's my point.
• 21:19
  Bitcoin is the only money within the cryptocurrency space.
• 21:22
  It's designed and treated as a monetary asset.
• 21:24
  So then what do I think Etherium is?
• 21:26
  I think Etherium is a technology which you actually just
• 21:28
  displayed in your introduction and definition of it.
• 21:30
  Etherium appeals to developers. They change the monetary policy
• 21:33
  and the rules all of the time. However, the market often
• 21:35
  conflates it as a money, conflates it as a commodity.
• 21:38
  Strike is a technology, NVIDIA is a technology.
• 21:40
  These things are regulated by the SEC.
• 21:41
  These things have cash flows. These things have founders,
• 21:43
  directors, people that set the road map.
• 21:45
  And so when I say a piece of crap, maybe I'm being a bit
• 21:47
  aggressive, but I think it's distinctly different from
• 21:49
  Bitcoin. I think Bitcoin can be the world
• 21:50
  reserve asset, the one money that we use to store our time
• 21:53
  and energy. And I think Ethereum can be a
• 21:55
  technology which competes with NVIDIA.
• 21:56
  But then it gets confusing. It's like, well, what's their
• 21:57
  cash flows? Who founded it?
• 21:59
  Who sets the direction? Why does it change so much?
• 22:01
  And when it does change, why does it change?
• 22:03
  I think that there's a lot of intentional confusion going on
• 22:05
  in the story, and as a bitcoiner, it frustrates me
• 22:07
  because I'm trying to fix the money, fix the world.
• 22:09
  And so I think that there's a lot the market has to sort out
• 22:11
  as to what it actually is and how to value it.
• 22:15
  So look what I got to say about this and this is a great
• 22:19
  conversation. So we'll just open up the thing.
• 22:22
  What what I got to say about this is that like this
• 22:24
  completely caught a lot of bit corners off guard.
• 22:28
  And I think a lot of people were betting that this Ethereum ETF
• 22:32
  was not going to get approved. And I think that was a bad bet
• 22:37
  because now, you know, this Opti, we've been saying this for
• 22:41
  months now. I'm like, look, and I tell this
• 22:43
  to the chat all the time, like if you guys wanna buy shit
• 22:45
  coins, like at the end of the day, I'm a libertarian.
• 22:48
  You could do whatever you want. We'll make the case as to why
• 22:51
  Bitcoin is better and it's a better, it's a it's a superior
• 22:53
  money. But you know, I think the very
• 22:56
  idea of government coming in and intervening and deeming the
• 23:01
  competitors of Bitcoin as securities and then giving the
• 23:05
  government giving Bitcoin a competitive advantage versus the
• 23:08
  rest is a is a very non Bitcoin thing to think about.
• 23:13
  And I've always kind of viewed it that way.
• 23:15
  And I think the community completely got caught off guard
• 23:19
  by this thing getting approved. And now, you know, push comes to
• 23:23
  shove, let let the best man win. And obviously my bet is on
• 23:28
  Bitcoin. And that's because you can't
• 23:30
  change the rules. It's rules without rulers is not
• 23:32
  controlled by anybody completely immutable, censorship resistant.
• 23:36
  There's 21 million. You can't change the supply.
• 23:39
  You can't change the rules to benefit yourself.
• 23:41
  There's no foundation, there's no CEO, there's no leadership,
• 23:45
  you know, running it. So you know, that's why Bitcoin
• 23:49
  is superior. And the free market is going to
• 23:51
  show that in my belief. But again, dude, like, it's so
• 23:55
  crazy how how we as a community were caught off guard because
• 24:00
  the government, which we as a community are not a big fan of,
• 24:05
  ruled against our favor. Like, I think that was kind of
• 24:09
  not the right thinking. And I think it completely caught
• 24:13
  people off guard. But Jack did an incredible job
• 24:16
  with that Bloomberg reporter, reporter just hitting all the
• 24:19
  right points. You know, I think it caught
• 24:22
  Sailor a little bit off guard as well.
• 24:24
  The chats going absolutely crazy.
• 24:26
  I'm gonna pass it on to Opti. I mean, Opti, we've been saying
• 24:29
  this for many months now, bro. He can't even contain himself
• 24:32
  cause the chat's going crazy. Yeah, look like, like, wasn't it
• 24:37
  naive for us to think as Bitcoiners like people were like
• 24:41
  separate money from state? Like for us to cheer on the
• 24:44
  state to like, you know, give us a competitive advantage first.
• 24:48
  The shit coins. Like it was so naive.
• 24:50
  Like that is such a naive take. Yeah, I mean, I, I even said it
• 24:54
  and you were trolling me and calling me a status.
• 24:55
  I'm like, look, the, the, the Howie test is pretty clear and
• 24:59
  Earth doesn't and Earth fails it and it's like, oh, no, ETH
• 25:03
  passes it, sorry. And which means it's a security.
• 25:07
  And so like even I was kind of falling down that path, but I'm
• 25:11
  not really surprised it got approved.
• 25:13
  I think I'm more surprised that people still hold faith in the
• 25:16
  institutions not being absolutely corrupt.
• 25:19
  And I think this is like a shining example of this.
• 25:22
  And hopefully this move will not only prove that the SEC is an
• 25:25
  illegitimate institution, but that they, they held absolutely
• 25:29
  like no power here. They're complete.
• 25:32
  They there's no legitimacy at the SEC.
• 25:34
  It's just kind of like, hey, we have an official government
• 25:37
  title and like do what we say and remember what we said or
• 25:42
  actually sorry, remember what the SEC said about why they
• 25:45
  stopped the Bitcoin ETF? It was to, you know, protect
• 25:48
  investors and now they just gone full D Gen. mode and literally
• 25:51
  not protecting investors by any, any means here and they're just
• 25:56
  like, all right, let's let's prove it in ETF and I'm not here
• 25:59
  just waiting. I'm like, all right, like, let's
• 26:02
  approve all shit coin ETFs, like why, why are you going to pick
• 26:05
  winners and losers here? Let's just get it all out of the
• 26:09
  all out in the open. Let people get absolutely
• 26:11
  wrecked on these ETFs and and you know, going into shit coin
• 26:14
  ETFs and of course bitcoins going to win.
• 26:16
  But you know, maybe I'm, I'm too much of an idealist here.
• 26:20
  And hopefully once you know, of course, I, I don't ever wish
• 26:24
  pain on anyone, but we all know that ETH Ponzi will eventually
• 26:28
  explode. And once it does, I hope that it
• 26:30
  does expose people to just how corrupt the institutions are,
• 26:34
  how impotent the institutions are.
• 26:36
  And, and hopefully that, like this whole thing is about trust,
• 26:40
  hopefully that their trust will clearly erode.
• 26:43
  And these institutions that they hold so dearly are proven to be
• 26:46
  what they are. They're just illegitimate
• 26:48
  institutions and they can get away with murder, literally.
• 26:51
  But hey, you know, Gigi got the call from up high and the Biden
• 26:54
  administration approved this. They told them, all right, guys,
• 26:57
  we need to try to win an election.
• 26:59
  Let's go full D Gen. mode to prove an ETF because I, I know
• 27:01
  people want it and here we are. It's it's absolutely beautiful.
• 27:05
  And on the flip side, I, I, like I said, I just hope every ETF
• 27:10
  for every shit coin gets approved and people get
• 27:13
  absolutely wrecked. Not wanting to get people
• 27:15
  wrecked. But hey, if you want to play
• 27:16
  stupid games, you're going to win stupid prizes.
• 27:19
  And on that note, I, I just can't wait to see Wall Street
• 27:22
  just get absolutely blown up because of their greed.
• 27:26
  And, and they're, they're just like insatiable taste and hunger
• 27:31
  for more profits. And now they're going to pile
• 27:33
  into the ETF and they're going to just get absolutely rug
• 27:36
  pulled. They're going to lose money and
• 27:38
  all the money will eventually go to the Bitcoiners.
• 27:40
  And I'm like, man, I'm just so ready for the greedy idiots at
• 27:43
  Wall Street to get wrecked that this is actually good guys.
• 27:46
  I absolutely love this stuff going on right now.
• 27:49
  While we acquire all the Bitcoin.
• 27:51
  They get into captured Bitcoin, captured shit coins.
• 27:55
  They're holding paper, whatever poopy dookie coins or whatever
• 27:59
  Jack Mueller's is saying and all the Bitcoin eventually comes to
• 28:03
  us. And like, we all know that there
• 28:06
  is one tried and true way to becoming a Bitcoiner and it's
• 28:09
  putting your hand on the stove and getting wrecked with shit
• 28:11
  coins. So I think eventually this is
• 28:13
  good for not only Bitcoin, but for people realizing just how
• 28:16
  corrupt the institutions are. And like, if this eventually
• 28:20
  doesn't wake people up, like I really don't know what will.
• 28:23
  Like it's eventually going to explode in their face and it's
• 28:25
  going to be absolutely glorious while we just laugh and stack
• 28:29
  our Bitcoin and and just try to hopefully save some people from
• 28:33
  from entering this dumpster fire.
• 28:36
  Oh man, this is great. This is what's that mean?
• 28:38
  The most ridiculous? Entertaining.
• 28:41
  Yeah, the most entertaining outcome is usually the best.
• 28:44
  This is where we are, all right? Anyways, Bam.
• 28:46
  And also just just before Bram also cause so like people don't
• 28:50
  perceive us as complete Bitcoin ideologues.
• 28:53
  Bitcoin has still not sorry, Ethereum has still not made all
• 28:57
  time highs compared to Bitcoin really since 2017.
• 29:01
  So this been this thing has been on a downward trend if you
• 29:05
  compare it to Bitcoin since 2017.
• 29:08
  So even with the all time highs of 2021, if you've been pricing
• 29:12
  your net worth in Bitcoin terms, which is what we recommend, you
• 29:17
  would be down in Bitcoin terms, right?
• 29:19
  So that's just something to keep in mind even with the ETF being
• 29:22
  approved. And that's the story of the vast
• 29:25
  majority of all coins is that they might make all time highs
• 29:29
  in U.S. dollar terms, but they never make all time highs in
• 29:34
  Bitcoin terms, right? And that's really what you
• 29:37
  should be paying attention to. You should be paying attention
• 29:39
  to your net worth in Bitcoin. Anyways, I'm going to pass it on
• 29:43
  to Bram. Bram, what's your take on this,
• 29:45
  man? I mean, you came in for a very
• 29:47
  heated episode, brother, so. You know, I'm here for it.
• 29:50
  I'm totally here for it. Yeah.
• 29:52
  Oh, guys, so, so many thoughts. First off, I think Jack Mahler's
• 29:55
  absolute legend, right? Like it's funny that this this
• 29:59
  host was trying to steer the conversation as to how how how
• 30:02
  could ether ETFs be a good investment and he just slams
• 30:06
  her. So I think legendary there.
• 30:08
  But you know, I think and Nico, you pointed just to it like the
• 30:12
  the ETH BTC ratio, right? I think we should kind of like
• 30:17
  stop comparing or, or talking about ether in that sense,
• 30:21
  right? Like Bitcoin and Ethereum are
• 30:23
  not competing with each other. They are competing in attention,
• 30:28
  right? And how people talk about
• 30:32
  crypto. But in terms of what it is,
• 30:34
  they're totally not competing with each other, right?
• 30:36
  So Bitcoin is a decentralized protocol and it represents the
• 30:39
  discovery of finite digital scarcity.
• 30:42
  And Ethereum is a technology, I think, as Jack Mueller's also
• 30:45
  said, right, that you can use to build whatever system you want
• 30:48
  and then use the token as it's as it's fuel, right?
• 30:51
  Like it's, it's just not the same.
• 30:53
  It's a different thing. And it's fine that it exists.
• 30:55
  And I agree with what Nico said, like, yeah, it's, it's, it's a
• 30:59
  free market. So anyone can do whatever they
• 31:03
  they want, right? And this exists.
• 31:04
  And I think a lot of people that are into Bitcoin shit coins
• 31:09
  before they Bitcoins, right? I think I'm, I'm no, I'm no
• 31:12
  different. Just also to see what is this,
• 31:15
  what is this new technology about, right?
• 31:18
  Or like what are these projects about?
• 31:19
  But eventually you realize that the technology part for Bitcoin
• 31:24
  is just a small part of what Bitcoin eventually is, right?
• 31:29
  And if you think about this finite digital scarcity, you can
• 31:31
  only discover that once. And so all these crypto
• 31:35
  projects, the entire crypto market is taking what in Bitcoin
• 31:41
  is chosen to be the least important thing, the speed,
• 31:44
  which by the way, in the in the talk by Jack Mueller at Bitcoin
• 31:47
  Atlantis, I would recommend everyone to check that out.
• 31:49
  He talks about the speed and the speed of Bitcoin is actually
• 31:53
  perfect because it takes into account the speed of light.
• 31:56
  And all these other chains are way, way smarter.
• 31:59
  That's why they break. That's why they reset Solana and
• 32:01
  stuff like that. And so all these start-ups that
• 32:05
  are in crypto, they take the speed aspect and they say like,
• 32:09
  oh, look at us, we're so much faster, etcetera, right?
• 32:11
  Like we are faster than Visa, blah, blah.
• 32:13
  And they're comparing that speed to the speed of Bitcoin.
• 32:17
  Whereas Bitcoin is a layer one asset and Visa is like a layer 7
• 32:23
  technology, right? So just looking at Bitcoin from
• 32:26
  this technology angle is futile. I would say like, there's way,
• 32:32
  there's way more to it. But yeah, let them have the ETF.
• 32:36
  I think it shows us a few things.
• 32:40
  What I think is interesting is crypto is a political issue
• 32:42
  already this this cycle, right? Nico talked about there's this
• 32:49
  clip online where Trump had this event and there's a guy in the
• 32:52
  audience who asked something about crypto.
• 32:54
  And then Trump here's this question.
• 32:58
  And he just says, yeah, yeah, I like crypto, I'm for crypto,
• 33:00
  whatever, right? Like it's not even a substantial
• 33:04
  answer, right? And then, of course, the
• 33:06
  Democrats were scared and and and we're like, OK, now we have
• 33:10
  to have an opinion as well. And I think, you know, I would
• 33:13
  agree with the thesis that they call Gary and say, like, you can
• 33:16
  replace Janet when we win. Can you?
• 33:19
  Can you do this? Right?
• 33:20
  Like it makes sense. So they are losing.
• 33:23
  So they fast track this, I think you have to realize and I think
• 33:27
  that was kind of like maybe the underestimation that we all had
• 33:30
  or, or the little shock, right? Like it is really dead rigged,
• 33:34
  like how we talk about it, right?
• 33:36
  We now actually saw it. We saw it happen in in real
• 33:40
  time, right. And I think that is kind of what
• 33:43
  what the shock was there. Like, wow, OK, this is the game
• 33:46
  that they're playing. But oh, well, maybe to add to
• 33:49
  that. So no one is going to sue the
• 33:51
  SEC, right, for doing something unlawful.
• 33:53
  Like, I don't know. I don't think anyone is going to
• 33:56
  take that up, right? Although Ethereum is clearly a
• 34:00
  security. But that then I go back to my
• 34:02
  previous point. Everything is rigged.
• 34:03
  So it doesn't really matter, right?
• 34:05
  And that is the general argument I also now see on Twitter like,
• 34:08
  yeah, it's a it's a security because the SEC said so.
• 34:11
  Yeah, but it's political opportunism, right?
• 34:15
  And it's it's a rigged game. And I think that is the biggest
• 34:18
  signal for us to realize is that it's actually all rigged, right?
• 34:22
  And I looked up Gansler statements after the Bitcoin ETF
• 34:26
  was approved and there it said, clearly, of course this is not
• 34:31
  legislation and all these things, right?
• 34:33
  But they say today's Commission action is cabin two ETFs holding
• 34:37
  one non security commodity Bitcoin.
• 34:40
  It should in no way signal the commission's willingness to
• 34:42
  approve listing standards for crypto assets securities, nor
• 34:46
  does the approval signal anything about the commission's
• 34:49
  view as to as to the status of other crypto assets under the
• 34:52
  federal securities law, blah, blah, blah.
• 34:54
  So there became clear that Bitcoin is a non security
• 34:57
  commodity and everything else crypto is a security.
• 35:01
  You know, multiple people sign off on on a statement like that.
• 35:05
  And again, it's not legislation, but it's interesting to see that
• 35:09
  that was like the communication line at that moment.
• 35:12
  And now within, I don't know, like a week, everything turned
• 35:15
  around basically after Trump said I like.
• 35:18
  It so Trump, Trump was the catalyst.
• 35:21
  It's so funny, you know, in a, in an election year, everything
• 35:24
  is possible. Turn on the money printers, bend
• 35:27
  the rules, change the regulation.
• 35:29
  We must win the vote. Exactly.
• 35:31
  But that is the signal, right? The signal is they don't give a
• 35:34
  fuck, no. Signal.
• 35:36
  No signal, but like, but like they don't care about crypto.
• 35:40
  They don't understand crypto. They they just don't care.
• 35:43
  It's I, I think, you know, we are in this day today, we are
• 35:47
  thinking about this, we're being rational, etcetera.
• 35:50
  It's probably some campaigner who saw Trump on TV be like, oh
• 35:53
  pro crypto, you know, he also has no clue.
• 35:57
  And then they were like, oh shit, we have to be procrypted.
• 35:59
  I think it's as simple as that. Seriously.
• 36:02
  We should not overthink it, right?
• 36:04
  But then you see what what is I like the words capricious, by
• 36:08
  the way. Like what is capricious about it
• 36:10
  is that they are now on purpose. They are not going to talk about
• 36:13
  all the security aspects right in the statements that they're
• 36:16
  going to release. They're not going to show their
• 36:18
  votes and blah, blah. It's so fucking obvious, right?
• 36:21
  And all these Deegan's in the basement are like, Oh yeah, look
• 36:23
  at the Bitcoin. Max is crying like pro Europe.
• 36:26
  They don't care. They don't care about you,
• 36:29
  right? And countries are mining
• 36:30
  bitcoins, so. Exactly that that's that's the
• 36:33
  thing multiple countries and it was just announced actually
• 36:35
  today that that Kenya was was pairing up with marathon.
• 36:39
  You have bit deer pairing up with Bhutan like you know, and
• 36:42
  this is just gonna continue this trend anyways, guys.
• 36:45
  Wait, wait, one last thing, Nico.
• 36:46
  I just want to point out that Gary Gensler is an
• 36:48
  accelerationist and I approve this.
• 36:51
  Oh man, dude, that's hilarious. All right guys, before we move
• 36:54
  on to the news, I do want to give a shout out sponsor guys,
• 36:57
  check out the pleb party at Bitcoin Nashville.
• 37:01
  It's going to be hosted the day before the largest Bitcoin
• 37:05
  conference on planet earth, Bitcoin 2024.
• 37:07
  It's going to be hosted July 25th.
• 37:10
  It's a 12 hour open bar from noon to midnight.
• 37:13
  Pleb party in Nashville. The the venue is going to be
• 37:16
  absolutely bonkers. It's going to be at a rustic
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  automobile factory from before the Federal Reserve was
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  established and that was built in 1910 with brick walls and
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  tons of proof of work atmosphere.
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  Confirmed attendees so far include Larry leopard, Preston
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  pitch, the entire simply Bitcoin crew, James Lavish, Robert
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  Breedlove, Mark Moss, putty, pubby, Tatum Turn up and many,
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  many more. Over 1000 Bitcoin plebs are
• 37:42
  expected to attend the event. Guys, you want to get your
• 37:44
  tickets now because if you wait till the door, you won't be able
• 37:47
  to buy them at the door. And last year they sold out like
• 37:50
  a week or two before the event. So you want to get your tickets
• 37:53
  now while they're cheap. There's only 200.
• 37:55
  There's only I think like 40 or 50 tickets left at the $200.00
• 37:59
  price point. After those are sold out, it's
• 38:01
  too little too late. You won't be able to buy more.
• 38:04
  I was almost, I was almost turned turned away last year.
• 38:07
  You know it. They they take it seriously.
• 38:09
  So get your tickets to the pleb party that's going to be in
• 38:11
  hosted in Nashville July 25th. All right, everybody, let's hit
• 38:15
  the news, the Daily News. I want to give a shout out to
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  more. Oh sorry, is the show back?
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  I'm playing Snake on my Passport Foundation devices hardware
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  passport by Foundation Devices. Anyways, a central theme of this
• 39:48
  show is Bitcoin or slavery, but I should kind of really update
• 39:54
  it to Bitcoin or central bank digital currency.
• 39:57
  Why? Because 90% of the countries on
• 40:01
  planet Earth right now are currently developing central
• 40:04
  bank digital currencies. Why?
• 40:06
  Because they don't want to let go of the privilege of being
• 40:09
  able to create money for free that the rest of us have to work
• 40:12
  for. I think if you want to kind of
• 40:14
  see a foreshadowing into the future of how this is going to
• 40:18
  play out, let's take a look at, I think it's Nigeria, right?
• 40:21
  Nigeria is really interesting. They rolled out a central bank
• 40:23
  digital currency called the Enira.
• 40:25
  It was not popular. People did not adopt it.
• 40:28
  And then they threatened to lock some of the Binance executives
• 40:32
  in jail. Why?
• 40:33
  Because people were using Binance for safe haven.
• 40:37
  They were using Binance to on ramp themselves to alternatives
• 40:41
  to Fiat money, alternatives to government money, and the
• 40:45
  central bank digital currency wasn't very popular.
• 40:47
  Because you know, as much as they talk about how central bank
• 40:50
  digital currencies are going to make payments more efficient,
• 40:53
  they always leave out the main reason as to why people
• 40:57
  specifically in the global S are seeking alternative currencies
• 41:01
  in the first place. And the reason is incredibly
• 41:04
  obvious. But they can't say the choir
• 41:05
  part out loud. They don't want to, You know
• 41:07
  they don't want to open Pandora's box is that people are
• 41:10
  fleeing inflation, right? This idea that money, money
• 41:16
  needs to debase or lose purchasing power in order to
• 41:20
  exist. The world would explode if money
• 41:23
  didn't lose purchasing power. If if money didn't debase,
• 41:27
  society wouldn't be able to function.
• 41:29
  That idea is wrong. It's completely be wrong.
• 41:33
  It's an utter lie. And the way that they can keep
• 41:36
  going, going on with the racket, the way that they can keep going
• 41:40
  as if the party never ended. I mean, you heard Brad Sherman
• 41:43
  mention it yesterday, right, when he was criticizing, you
• 41:47
  know, this, the Fit 21 bill. And I think he thought that was
• 41:50
  an own, but in reality, he was just kind of exposing the way
• 41:53
  that politicians see money. Yeah.
• 41:56
  The party ends if people leave and they adopt A Bitcoin
• 41:59
  standard. And if enough of the population
• 42:01
  does that, and if enough of the population takes self custody,
• 42:05
  it's game set and match, right? The bracket is over the ability
• 42:08
  for politicians to play this play God, essentially the
• 42:12
  endless wars, it's all done. It's finished, Right.
• 42:15
  So what are governments trying to do?
• 42:17
  They're trying to scramble not all governments and not all
• 42:20
  people in government, but elements of government are
• 42:23
  scrambling. They're panicking and they're
• 42:25
  like, you know, no, no, no, we can't let this go.
• 42:27
  You have Opti's ex-girlfriend, Christine Lagarde of, you know,
• 42:30
  the European Central Bank. She's, you know, she's freaking
• 42:32
  out. She's like, we can't have escape
• 42:33
  valves. You know, they're panicking,
• 42:35
  right? They, they rolled out Yuval
• 42:37
  Harari basically saying I don't like Bitcoin because it's a
• 42:41
  currency of mistrust and we can't have currencies of
• 42:43
  mistrust and blah, blah, blah, blah, blah.
• 42:45
  It's all bullshit. They're, they're, they're just
• 42:47
  panicking. They're freaking out.
• 42:48
  They can't believe that people, individuals can use the money
• 42:53
  that they can't confiscate at the flick of a switch and they
• 42:56
  can't to base to benefit themselves.
• 42:59
  They can't imagine that world. It's impossible.
• 43:02
  So anyways, yesterday was a pretty historic moment in the
• 43:07
  House because not only in terms of the Overton window, you're
• 43:11
  shifting this into mainstream political discourse, but they
• 43:16
  actually passed a bill, the how? This doesn't mean it's going to
• 43:18
  pass the Senate, but they actually passed a bill that
• 43:22
  would ban the executive branch of government from being able to
• 43:26
  roll out a central bank digital currency without the approval of
• 43:31
  Congress. Now, we've seen this on a state
• 43:33
  level. We saw this in the state of
• 43:34
  Florida. Now we're starting to see, no,
• 43:37
  now we have witnessed this on the federal level.
• 43:40
  Here is a very pro Bitcoin politician, Warren Davidson.
• 43:45
  He spoke at the Bitcoin Conference 2021.
• 43:47
  I believe he's been very pro of the industry, very supportive.
• 43:51
  Let's check out, let's let's check out what he has to say in
• 43:54
  regards to this bill and the CBDC.
• 43:57
  I rise in strong support of banning central bank digital
• 44:01
  currency. Congress clearly has the Article
• 44:04
  1 authority under the United States Constitution over money,
• 44:09
  and we should exert that. In the absence of exerting that
• 44:13
  with respect to central bank digital currency, the Federal
• 44:16
  Reserve is plowing right ahead. They're actively hiring
• 44:19
  programmers to write code to develop a central bank digital
• 44:22
  currency and to have colleagues say, Oh well, they won't turn it
• 44:26
  on. To me is equivalent to having
• 44:29
  the Empire in Star Wars build the Death Star.
• 44:32
  By promising not to turn it on once it exists, it poses a
• 44:37
  threat. And they're not responding to
• 44:39
  Congress right now. They're not.
• 44:41
  They're not listening to our values that are reflected in our
• 44:45
  Constitution to protect our civil liberties.
• 44:49
  In fact, our colleagues are encouraging not to.
• 44:51
  They're saying that in their own words.
• 44:53
  Oh, we have to be more like China.
• 44:56
  The the version of central bank digital currency, the version
• 44:59
  that Project Hamilton is embracing, is the same version
• 45:03
  China's developing. And it is being developed all
• 45:05
  over the world, with more than 100 countries looking at
• 45:10
  implementing a central bank digital currency, all under the
• 45:13
  same model that the Bank of International Settlements, the
• 45:17
  central bank for the central bankers in Switzerland is
• 45:21
  proposing. And it's the same creepy
• 45:23
  surveillance tool that the Chinese Communist Party is
• 45:26
  using. Centrally managed, centrally
• 45:29
  filtered. So I mean, like, and again, it's
• 45:33
  kind of like the Canadian truckers protest.
• 45:36
  The Twitter files that got exposed were elements of the US
• 45:40
  government were asking a private corporation to censor certain
• 45:43
  people's speech. And then again, they're asking
• 45:45
  you to trust them with money, right?
• 45:49
  They can't even not help themselves but to debase it.
• 45:52
  They can't even not help themselves but to censor certain
• 45:55
  political speech. What makes you think they're not
• 45:58
  going? I mean, he he mentioned the
• 45:59
  Death Star. Like what makes you think that
• 46:01
  they're not going to use that against you?
• 46:03
  And even if, like even if, let's say you know this, this, they're
• 46:07
  holier than thou and they they're not going to use it.
• 46:10
  Why would you put yourself in a situation where they could
• 46:12
  potentially use it right? Where in Bitcoin, like that's
• 46:16
  not going to happen, especially if you take it into self
• 46:17
  custody. There is no one on the face of
• 46:20
  the planet that could just confiscate it, debase it, right?
• 46:23
  You're protected, your energy, your time, your work is
• 46:25
  protected. Now was really interesting to me
• 46:28
  and I'm going to ask this question to you guys.
• 46:31
  I'm not going to voice my opinion on this is it seemed to
• 46:35
  be partisan, which is kind of strange, right?
• 46:39
  Republican, 213 Republicans voted against, you know, you
• 46:44
  know, the, I mean the, for the bill for banning central bank
• 46:48
  digital currencies, 3 Democrats voted for it and then 192.
• 46:54
  So it seemed like a very partisan vote.
• 46:56
  And now I have a very just a simple question to you guys.
• 46:59
  Why is this a partisan issue? Why are so many Democrats pro
• 47:03
  central bank digital currency? This shouldn't be a partisan
• 47:07
  issue. No one should have this crazy
• 47:11
  totalitarian power, this God like power of just being able
• 47:16
  to, you know, control people using money.
• 47:21
  Like what's happening in China is is is is is absolutely
• 47:24
  terrifying. Like they're using the the
• 47:27
  central bank digital currencies tied up with the social credit
• 47:30
  system to force people. Like there's like train stops
• 47:34
  where like you literally you have to smile.
• 47:36
  Like you have to look into a camera, but it's not only
• 47:38
  looking into a camera. You have to smile like it, which
• 47:41
  is so it's like a, it's, it's like a, a forcing function.
• 47:44
  It's, it's so crazy. It's like, and then they let you
• 47:47
  in. If you don't smile, they don't
• 47:48
  let you in, right? If you, you know, if you
• 47:51
  jaywalk, right, they'll take points down.
• 47:53
  Like there's an expiration date to the central bank digital.
• 47:56
  Like it is such a, like, look at how they handled the, the
• 48:00
  fucking pandemic. And then it's like, like, I just
• 48:03
  have Harari in my head. Like, yeah, you should trust us
• 48:06
  even more. I just have, you know, I just
• 48:10
  have the the chat is answering the rhetorical question.
• 48:12
  That's the point I have, you know, Klaus Schwab in in in my
• 48:17
  head saying you'll own nothing and be happy.
• 48:20
  Like I don't want to trust those mother efforts with central bank
• 48:22
  digital currencies. No, thank you.
• 48:25
  And I think that if you're pro central bank digital currency,
• 48:28
  you're inherently pro slavery, like you're inherently pro the
• 48:33
  government controlling you and that's what you support.
• 48:36
  And it's very strange to me, right?
• 48:39
  It's very strange to me how that is somehow political.
• 48:41
  I understand how some elements of the government could
• 48:44
  potentially feel that way, but an entire party is pro slavery.
• 48:48
  Like that doesn't make sense to me.
• 48:51
  That's very strange. And I think, you know, if, you
• 48:54
  know, you come from that ideology, you come from that
• 48:56
  mindset, I think you should have some, you think you should have
• 48:59
  some questions for your representatives because they're
• 49:03
  supporting totalitarian money, They're supporting, you know,
• 49:07
  systems of control money, right? It's just not a right or blue
• 49:11
  thing. This is not a, you know, a
• 49:13
  liberal versus conservative thing.
• 49:15
  This is a, you know, freedom versus slavery thing, right?
• 49:19
  It's as simple as that. This is not a partisan issue.
• 49:22
  And also, I'm going to stick to it.
• 49:24
  You see how they did this 180. I don't think this is a popular,
• 49:28
  I don't think this is a popular electoral issue either with
• 49:32
  their voter base, especially in an election year.
• 49:35
  It doesn't matter where what your ideology comes from, where
• 49:38
  it comes from bro. Like how could you be pro CBDC?
• 49:42
  Like I understand Christine Lagarde being pro CBDCI,
• 49:45
  understand Augustine Carson being pro CBDCI, understand
• 49:48
  Charles Schwab being pro CBDC. But some you know average Joe
• 49:53
  just trying to make a living just trying to get by not
• 49:56
  getting crushed by inflation. Like why in the hell would he be
• 50:00
  pro CBDC? Like anyone who's educated on
• 50:03
  the topic would be extremely pro Bitcoin and extremely anti CBDC.
• 50:08
  But it's clear that you know, elements of our government.
• 50:11
  Some representatives clearly don't feel that way.
• 50:13
  Anyways, I'm going to pass it on to Bram and then Opti.
• 50:16
  Well, what do you expect from people that love to play victim,
• 50:19
  right? Like do you think they would
• 50:23
  question if the government really wants to help them or
• 50:26
  not? Right.
• 50:27
  By the way, I heard the word on the street is not Bitcoin or
• 50:30
  CBDC. It's Bitcoin or bum bum.
• 50:32
  But anyway, you know what is funny?
• 50:35
  Maybe, maybe as a perspective from someone who looks at
• 50:39
  America from, from the, the other side of the, of the ocean,
• 50:42
  right? Like I, I look at America a lot
• 50:44
  because I think, you know, if you guys blow up, we definitely
• 50:47
  blow up. So I think I think it's
• 50:50
  important to to follow America, but but I find very fascinating
• 50:54
  and I keep forgetting her name like the the the the press
• 50:58
  spokeswoman at the White House. I don't know.
• 51:02
  She has like as weird to the French double name.
• 51:05
  I think you know who I mean. Like jeans something, right?
• 51:08
  Yeah. Yeah, I know.
• 51:09
  Yeah. That woman, sometimes I see
• 51:11
  clips of her and I think like, wow, they are like really
• 51:15
  testing how far they can take it, you know, like the the
• 51:18
  nonsense that she shares as the official spokesperson for the
• 51:23
  White House. Sometimes I'm watching it in
• 51:26
  like disbelief. I feel like, is this a comedy,
• 51:28
  right? Like where, where are the
• 51:29
  cameras? You know, like, am I being
• 51:31
  punked? But I think this is the same the
• 51:34
  thing, you know, when they are voting for for this bill or not,
• 51:38
  they they don't care. Like if I look at it from a
• 51:41
  distance, it feels like they don't care about the citizens
• 51:44
  really. Like if you say shit like that
• 51:47
  and no one really resists or replies, well, then you can
• 51:53
  still do that, right? And I think with this is the
• 51:55
  same. It's like, OK, we're just going
• 51:57
  to have an attempt at, you know, creating the CBDC because we are
• 52:02
  the saviors and we need to help the people, the helpless people
• 52:05
  of the greatest country in the world, right?
• 52:07
  And so let's just let's just try that.
• 52:09
  But I think it's funny that, you know, when I grew up, I think
• 52:14
  especially in like Western Europe, it's way more, you know,
• 52:17
  they say it's liberal, you know, democratic, etcetera, social.
• 52:22
  And I always looked at like the Democrat party in America, but
• 52:27
  now it's like the totally other way around, right?
• 52:29
  Like the Republicans are the peace party, the Democrats are
• 52:33
  the war party. And it's like, I don't know if
• 52:35
  you know this thesis by by Balaji, but he has a lot of
• 52:39
  tweets where he talks about how history goes in reverse.
• 52:42
  Yeah, her name is Karine Jean Pierre.
• 52:44
  Thanks for the chat. He talks about how history is
• 52:48
  going in reverse. And it's just really interesting
• 52:51
  that, you know, the perception of the Democrats was like, Oh
• 52:54
  yeah, they're for peace, but they are war mongering and, and
• 52:57
  like a communist control party now, right.
• 52:59
  So I, I think from an outsider perspective, it's fascinating to
• 53:03
  to to follow. A 100 percent 100.
• 53:06
  Percent. I love the outside perspective
• 53:08
  It's great. It's great.
• 53:09
  All right, Nico, let me jump in here.
• 53:10
  Can. You point out the Netherlands on
• 53:12
  the map or not? I could not.
• 53:14
  I love the. Marylands dude and I'm.
• 53:16
  Sure they could. Not Amsterdam is absolutely
• 53:19
  dope. OK, not a country.
• 53:23
  OK. So, OK, just to just to kind of
• 53:28
  reemphasize because I see the chat being very lively.
• 53:31
  The whole point is for you guys to answer the questions and I
• 53:35
  are not doing anything. Okay, okay, let me jump in.
• 53:38
  Let me jump in. First and foremost, the Death
• 53:40
  Star reference was crazy. That's wild.
• 53:43
  That was just like, yo, that's next level.
• 53:45
  Okay, like I started the show. I am, you know, like, like we've
• 53:51
  been wondering the last month it got a little dark and we're
• 53:53
  like, yo, they're coming after us and now we're seeing them
• 53:56
  join us or quote, UN quote, join us.
• 53:58
  And I see a lot of bit corners and even us sometimes like it
• 54:01
  feels good. We're we're swinging on this
• 54:03
  pendulum where like once where criminals the next.
• 54:06
  It's like, oh, they're going to join us.
• 54:08
  But I, I still feel like it's too early.
• 54:10
  This was like too easy. And so I'm, I'm keeping my head
• 54:13
  on a swivel and I'm wondering where the attack vectors are
• 54:16
  here. And, you know, once the people
• 54:18
  that we are are out here to try to display start to join us, I'm
• 54:22
  like, OK, especially when they're passing bills, I'm like,
• 54:24
  OK, we got to read the fine print here.
• 54:26
  What's going on? Like, where, where is this
• 54:28
  going? But I think the the signal here
• 54:31
  is that we're seeing that the powers that be are noticing that
• 54:34
  a public digital dystopia is not favorable amongst masses.
• 54:38
  And so now I think what we're going to see is that they're
• 54:42
  going to go the private sector route.
• 54:43
  And like, yeah, that, you know, wow, it's become distasteful to
• 54:48
  have a Federal Reserve or a USCBDC.
• 54:52
  I'm starting to get the trend that we're going to see a huge
• 54:56
  push towards the private sector CBDC, which we already have.
• 54:59
  They're called Circle and Tether.
• 55:00
  It's a stable coin route that we're seeing all the politicians
• 55:03
  talk about, you know, we need stable coin regulations.
• 55:05
  And so you're seeing that they're moving away from the
• 55:08
  public sector and they're all piling into the private sector.
• 55:12
  And we've seen this pendulum swing throughout the history of
• 55:14
  time that like once it's not politically favored to push
• 55:17
  stuff publicly. They all go in the private
• 55:19
  sector. And it's like, oh, see, you guys
• 55:20
  aren't against corporations. Like what, what, what are you
• 55:23
  some kind of a collectivist? And I think that's where we're
• 55:26
  going. And I think we got a taste of
• 55:28
  this. If you guys caught the Coinbase
• 55:30
  pizza day video where they're basically, you know, selling
• 55:33
  pizza for a dollar as long as you KYC was circle.
• 55:36
  And they're like, oh, look how progressive we are.
• 55:38
  Like this is the future. You know, we've come so far in
• 55:40
  15 years and it's like we've seen the writing on the wall.
• 55:43
  We know where this is going. And shouts out to Mark Goodwin.
• 55:46
  He's been and went web. They've been going super hard on
• 55:48
  this. And I think this is kind of the
• 55:50
  idea that we're seeing is that publicly no one wants a CDC and
• 55:55
  so they're going to pile into the private sector.
• 55:57
  We're seeing this happen, you know, for better or worse,
• 56:00
  rather more for worse than better.
• 56:02
  We're seeing that around the world, a lot of people are
• 56:04
  piling into stable coins because it's quote UN quote pegged to
• 56:07
  the dollar, whereas we keep talking about like it's Bitcoin,
• 56:11
  Bitcoin is the stable coin. Bitcoin is the only way here.
• 56:14
  And so I think this is the signal here is that we're seeing
• 56:17
  no one wants to CBDC and now they're realizing this and it
• 56:21
  kind of goes back to the Ethereum ETF approval as well is
• 56:24
  they're seeing that there is a lot of applause and a lot of
• 56:29
  people that are big, not only Bitcoiners, but you know, crypto
• 56:32
  chick coiners as well. But they're seeing that people
• 56:34
  want this. They're realizing that people
• 56:37
  are noticing that their purchasing power is getting
• 56:41
  diminished. And so people are looking for an
• 56:43
  alternative. So now they're trying to find
• 56:45
  ways to appease that. I don't wanna say the word, but
• 56:50
  they're appease the crowds here because it's getting hairy and
• 56:53
  everyone's waking up to this. So while I do like this type of
• 56:57
  conversation and I do think, you know, take a shot.
• 57:00
  It's Friday. The overturn window is shifting.
• 57:03
  I'm still, I'm still kind of a little paranoid.
• 57:05
  Maybe it's just because I'm a bitcoiner and my tinfoil hat's
• 57:07
  on and I'm just like wondering where this is going.
• 57:10
  But I see the writing on the wall guys.
• 57:12
  They, they can't roll out a Federal Reserve, you know, us,
• 57:17
  U.S. government, CBDC, all of the CCP.
• 57:20
  Now they're just going to go the private sector out.
• 57:21
  It's like you're an American, you trust corporations and you
• 57:25
  know, what kind of collectivists are you?
• 57:26
  If you don't like corporations, you know, sign up for Circle and
• 57:29
  get your $1.00 pizza and you know, KYC everything about you
• 57:33
  and we're going to connect this all and the world's going to be
• 57:35
  interoperable. And it's like, no, this is not
• 57:38
  the future I want. I am a bitcoiner.
• 57:40
  This is the way. It's Bitcoin only.
• 57:41
  There is no alternatives. It's Bitcoin or slavery.
• 57:44
  And I also want to say like, even though there's the change
• 57:46
  in tune, the endorsements from simply stay the same.
• 57:49
  Donald Trump and RFK Junior I vote Bitcoin but.
• 57:53
  Orange. I know I'm serious from the
• 57:55
  regulatory perspective. Like bro, like you don't have me
• 57:59
  fooled whatsoever. Well.
• 58:01
  It's funny. It's funny what what Opti says,
• 58:03
  right, like we just mentioned, like maybe as with the ETF
• 58:08
  approval, it's just political opportunism they have.
• 58:10
  No it it's way simpler than what we're fantasizing about, right,
• 58:13
  or, or or strategizing about. And I think what, you know, up
• 58:17
  to what you shared, I think like, yeah, sounds reasonable.
• 58:21
  But are they that smart? You know, like you could, you
• 58:24
  could, you could. Well, I mean, yeah, it's, it's
• 58:28
  surprising that yeah, I probably the entire CBDC idea also came
• 58:32
  from, you know, the, the, the, the public market and not, or
• 58:38
  the private market, sorry. And not, not the government,
• 58:40
  right. So it's just it, it, it's, it's
• 58:43
  helped you for prison. It don't happen, Sorry guys.
• 58:47
  It's lobbying. It's lobbying all the way.
• 58:49
  It's lobbying all the way and a. 100% in.
• 58:52
  Contrast with China, people in the Western world are way, way
• 58:56
  more informed than you know, people in China with regards to,
• 59:02
  you know, what you can find and look up and consume on the
• 59:04
  Internet, right? So I'd say, and also culture
• 59:08
  wise, we would probably be way more inclined to really step up
• 59:13
  if, if it would hit like a China level thing.
• 59:16
  And I I I really to be honest hope I understand the theory but
• 59:20
  I, I honestly I don't really see it happening.
• 59:23
  Yeah, Yeah, it's, it's interesting, interesting
• 59:26
  development. Anyways, guys, let's get on to
• 59:28
  the culture, talk about Bram, what he's working on, what his
• 59:31
  projects are, what he's contributing to Bitcoin.
• 59:34
  But before we do that, I do want to give an extremely special
• 59:38
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  ads. All right, everybody, let's get
• 1:00:43
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  All right, passing it on to Bram.
• 1:02:09
  Bram. Super, super happy you're here,
• 1:02:11
  dude. Big fan of your content.
• 1:02:13
  How you doing man? Yeah, good guys.
• 1:02:16
  Thanks. Thanks for inviting me.
• 1:02:17
  I love the, I love the the format.
• 1:02:20
  And also you got balls with the live chat.
• 1:02:22
  I, I, I just said before we went live, like, you know, I've been
• 1:02:26
  doing the this podcast Bitcoin for Millennial since October, so
• 1:02:31
  like eight, 8:00-ish months. And yeah, I think the comments
• 1:02:36
  on YouTube are interesting. People are so tough when they're
• 1:02:38
  anonymous, right? So I think you've got both good
• 1:02:41
  life. OK, Bram, let's talk about the
• 1:02:44
  show's called Bitcoin for Millennials.
• 1:02:47
  Actually, I wanna start with let's just do what is your
• 1:02:50
  elevator pitch for the millennials out there that I
• 1:02:54
  also, well, I mean me and Nico, millennials as well, and it's
• 1:02:57
  very obvious to us why we need Bitcoin.
• 1:02:59
  But what would be your two-minute elevator pitch for
• 1:03:02
  someone that just maybe by chance fell into the show?
• 1:03:05
  Maybe they're an Ethereum shit coiner.
• 1:03:07
  Maybe do what is the elevator pitch for why they should save
• 1:03:11
  in Bitcoin and then maybe go into why Bitcoin only.
• 1:03:14
  Yeah, I love that you said save. So I think, you know, our
• 1:03:18
  generation is the only generation that grew up in an
• 1:03:23
  analogue world and went into a digital world, right?
• 1:03:25
  And so also in Western countries, we never really
• 1:03:29
  questioned money, you know, or learned about what money is.
• 1:03:32
  You've got a coin, you went to the store, you got a bread for
• 1:03:34
  your mother, you know, and that was just it.
• 1:03:35
  And so we never learned about it.
• 1:03:37
  But now, now that we're grown up and we want to start families or
• 1:03:42
  find a place to stay or eventually, you know, we will
• 1:03:45
  inherit whatever wealth our parents accrued.
• 1:03:49
  We have to figure out what is money, what is wealth, what is
• 1:03:52
  ownership? And how can I actually, well, do
• 1:03:55
  I actually have ownership? And I think a fun introduction
• 1:03:58
  about me was when I was 30, I worked at A at a bank.
• 1:04:01
  I had a mortgage. I was already into Bitcoin and
• 1:04:05
  not that far as, as how I am now.
• 1:04:07
  And I had a colleague that told me, did you know that the money
• 1:04:09
  in the bank is not yours? And I said, sorry, what what do
• 1:04:12
  you mean? Like what, what are you talking
• 1:04:13
  about? And then we had a talk for an
• 1:04:15
  hour and he explained to me, fractional reserve banking, you
• 1:04:18
  know, that you basically lent your money the, the fruits of
• 1:04:22
  your labor to the bank, the bank loan and lends it out.
• 1:04:25
  And eventually if the bank, you know, makes money, you don't see
• 1:04:29
  any upside. If they go bust, then well, you
• 1:04:31
  get the numbers back in your bank account.
• 1:04:34
  But that money comes from taxpayers, right?
• 1:04:36
  And so he explained that to me and I was like, damn, I am an
• 1:04:39
  idiot. I am participating in a system
• 1:04:41
  that I have no clue about. And then when I started diving
• 1:04:45
  into that more and talking with my friends, other millennials,
• 1:04:49
  some that have done really well, like sold their companies or
• 1:04:52
  multi millionaires, they have no clue about money.
• 1:04:55
  And so when I started asking them about, well, if you want,
• 1:04:58
  if you want to go to the bank, you know, and take out 50K in
• 1:05:01
  cash or 100K, how do you think that will work?
• 1:05:05
  And they will be like, yeah, maybe I wait a few days.
• 1:05:08
  And, you know, it's yeah, they probably don't have it.
• 1:05:11
  They have to get it from somewhere.
• 1:05:12
  But they they only see it as a nuisance.
• 1:05:14
  Where at one point I understood that, you know, if you spend
• 1:05:18
  your finite energy in a finite amount of time and you get
• 1:05:21
  rewarded for that, then you want to take ownership of that.
• 1:05:23
  And you don't want to give that reward away either to a bank or
• 1:05:27
  keep it in a political currency that is programmatically debased
• 1:05:30
  every year. So for millennials, it's very
• 1:05:33
  important to learn about why the current system of money is
• 1:05:37
  flawed. They have to learn about all
• 1:05:39
  their assumptions about how they think the world works or finance
• 1:05:43
  works so that they can take actual ownership of their life.
• 1:05:47
  And of course, that is only true Bitcoin.
• 1:05:50
  Love it, love it. OK, I know a lot of the chat we
• 1:05:54
  we. We constantly cover this.
• 1:05:56
  Are very black pilled in regards to trying to orange pill people,
• 1:05:59
  but are you still out there trying to orange pill your
• 1:06:02
  friends and what has been the response?
• 1:06:04
  Yeah. I love that question.
• 1:06:06
  This is a question I asked my guests also all the time.
• 1:06:08
  I, I, I'm very drawn to trying because I feel that now once I
• 1:06:16
  see this and totally cannot Unsee it anymore, right.
• 1:06:21
  And, and as we talked about, you know, yesterday with, with the
• 1:06:25
  ETF, the the distrust of the government is real.
• 1:06:29
  You know, like there are people in the government that don't
• 1:06:31
  care about you, not necessarily in a malicious way, but they
• 1:06:35
  care more about themselves that they care about you.
• 1:06:37
  And so you should also care about yourself and stop
• 1:06:40
  outsourcing the responsibilities over your life to other people.
• 1:06:44
  And so now that I really see that and live that, I want to
• 1:06:50
  share that with the people that I love, right?
• 1:06:53
  And yeah, people that that I would want to help.
• 1:06:57
  So I see it as a like it it how do you say it lights up
• 1:07:02
  something altruistic inside of me?
• 1:07:05
  But what I see in practice is that a lots of people are not
• 1:07:10
  even ready to get to the conversation where we talk about
• 1:07:13
  Bitcoin. You know, the fact that people
• 1:07:16
  think that the number that they see in their banking app, you
• 1:07:20
  know, that the actual coins and and bills are actually there in
• 1:07:24
  a safe in the bank, right? They, they actually still think
• 1:07:27
  that, you know, and, and getting them to realize that that number
• 1:07:31
  is a fake number and it's probably not there and it's been
• 1:07:34
  lent out 10 times over. You know, if you and if you want
• 1:07:37
  to take out all your money from the bank, they will probably ask
• 1:07:39
  you what are you going to spend it on?
• 1:07:41
  You know, most people don't even realize that.
• 1:07:44
  So yes, I'm inclined to help people, you know, understand
• 1:07:48
  Bitcoin, but I think the the conversation before that is
• 1:07:52
  something I actually focusing on way more because we cannot see
• 1:07:56
  the solution if we don't see the problem A. 100% love it.
• 1:07:59
  That's like, man, it's such a if you're starting from, and this
• 1:08:03
  will probably give you a little bit of PTSD brand, but like if
• 1:08:06
  you're starting from zero trying to orange pill someone like
• 1:08:10
  that. Undoable.
• 1:08:11
  It's. Just like oh God and.
• 1:08:15
  You cannot orange bill someone else, right?
• 1:08:16
  You orange bill yourself and you, you have to I, I think,
• 1:08:23
  and, and this is the dimension I love and also talk a lot about
• 1:08:26
  on the podcast, right? I see understanding and adopting
• 1:08:28
  Bitcoin as as a personal and sometimes spiritual journey,
• 1:08:32
  right? The fact that you can accept and
• 1:08:36
  really know that you don't know everything.
• 1:08:38
  I think it's just step one, right?
• 1:08:40
  It's kind of like alcohol Alcoholics Anonymous, right?
• 1:08:43
  Like, yeah, I'm an alcoholic, you know, like I, I believe in
• 1:08:46
  fairy tales and have no clue what's really going on, you
• 1:08:48
  know, like that. That is a big realization and
• 1:08:51
  not something that is nice. But once you talk with someone
• 1:08:57
  and you see that they are curious, right?
• 1:08:59
  Because people do feel it in their wallet, right?
• 1:09:03
  Supermarket is more expensive. Housing is terrible everywhere
• 1:09:07
  in the Western world, right? You find the love of your life,
• 1:09:10
  you want to make a baby, start a family.
• 1:09:11
  Oh, can I really do that? You know, you're insecure about
• 1:09:14
  the future. Like people do feel these
• 1:09:16
  things, but they don't understand where it's coming
• 1:09:18
  from. And realizing that first is, is
• 1:09:22
  the, is the biggest hurdle before we can talk about
• 1:09:26
  Bitcoin. And then again, like people have
• 1:09:28
  to feel curious enough and inclined and motivated enough to
• 1:09:32
  yeah, to study basically, right. Like, yeah, they, they won't
• 1:09:36
  believe you if you pitch it to them.
• 1:09:37
  I think, you know, it sounds too good to be true.
• 1:09:40
  And that is the exact point. It sounds so good.
• 1:09:43
  And it sounds too good to be true because in a Fiat world,
• 1:09:45
  it's a 0 sum game, right? Like how can how can you pitch
• 1:09:49
  me a mutually beneficial money system that no one can fuck
• 1:09:52
  with? Totally agree.
• 1:09:55
  That's like fairy tale. All right, we got one question
• 1:09:57
  in the chat and apparently crossover here from our content
• 1:10:01
  to your content. They wanna ask you, Bram, what
• 1:10:04
  is the one value that you would never give up?
• 1:10:07
  I love that that you should always stay curious that
• 1:10:11
  everyone is winging it, right? It's the I don't know.
• 1:10:14
  People probably know this video from Steve Jobs where he says
• 1:10:17
  like if you look outside of the window right, everything you see
• 1:10:21
  was created by people no smarter than you and and everything you
• 1:10:25
  see was an idea at some point. People in the government, your
• 1:10:29
  parents, your girlfriend, whatever, everyone is winging
• 1:10:33
  it. No one has a clue what the fuck
• 1:10:34
  is going on. So you have to stay curious and
• 1:10:37
  try to learn every day. Couldn't agree more.
• 1:10:40
  OK, Bam, bam. Sorry.
• 1:10:42
  We, they, we're, they're going to yell at us if we don't move
• 1:10:45
  to the meme review. So I want to ask you the last
• 1:10:47
  question I usually ask our guests.
• 1:10:48
  What is the final message you want to leave with the audience?
• 1:10:51
  It could be about life, it could be about Bitcoin, it could be
• 1:10:53
  anything. What's the final message you
• 1:10:55
  want to leave with the audience? Yeah, I think it ties into the
• 1:10:59
  stay curious. My life motto is never slow
• 1:11:01
  down, never grow old. Like never stop studying.
• 1:11:04
  No, again, nobody knows what they're doing, so you just keep
• 1:11:08
  on learning. The world is not a static place
• 1:11:11
  that it keeps moving, so you also have to keep moving.
• 1:11:13
  Oh, man, that's pretty deep, bro.
• 1:11:18
  That's pretty deep. All right, everybody, it's
• 1:11:20
  Friday. It's the moment that you guys
• 1:11:22
  have all been waiting for. The only reason you guys watch
• 1:11:25
  our show? It is time for.
• 1:11:28
  Super curious. Opti's Friday meme review mad.
• 1:11:39
  I don't know why you full of screaming, but my voice is so
• 1:11:41
  good on that that's the only time my voice doesn't sound
• 1:11:43
  nasally. I I feel great about this.
• 1:11:45
  All right guys, you already know the deal.
• 1:11:46
  This is the Friday meme review. We made it to Friday and I'm not
• 1:11:50
  rug pulling you on the meme review, but you know the deal.
• 1:11:54
  Tweets are the bullets, memes are the artillery.
• 1:11:56
  We are frontline soldiers in the information warfare game on the
• 1:11:59
  Internet or whatever Nico, he says drop your meme review in
• 1:12:03
  the chat. Do it.
• 1:12:04
  Do it like on the last one while I'm still covering it so we can
• 1:12:07
  get to it and we will review them live.
• 1:12:09
  So first and foremost, this one's great.
• 1:12:12
  This one's armed out on Twitter. Highly recommend you follow this
• 1:12:16
  account. He's an OG, he's been around for
• 1:12:18
  a while. This is the classic Reaper meme
• 1:12:19
  here where he's knocking on the doors and you know, Bitcoins
• 1:12:22
  killing people's metaphorically, of course, YouTube slaying
• 1:12:27
  heroes and credibility. Well, first we got Nouriel
• 1:12:30
  Roubini's credibility slayed, Nasim Talib's credibility
• 1:12:33
  slayed, and now we are knocking on Yuval Harari's credibility
• 1:12:37
  and it will also be slayed metaphorically.
• 1:12:40
  And on that note, metaphorically, of course.
• 1:12:42
  And on that note, we have George AKA at under score, overflow,
• 1:12:45
  under score and it goes, Bitcoin is bad.
• 1:12:47
  And we got Yuval Harari here with a very sad crying face.
• 1:12:51
  Trust me, bro. You want to trust the
• 1:12:53
  institution, bro. Trust banks bro.
• 1:12:55
  Like we haven't caused the wars for the last 100 years.
• 1:12:58
  Money printing is good. Trust us bro.
• 1:13:00
  Like it's all about trust, bro. This is what it's about.
• 1:13:03
  Don't you trust me bro? Like I'm so trustworthy.
• 1:13:06
  Look at my face. No bro, this is the point.
• 1:13:08
  We don't trust you. Hold on.
• 1:13:11
  If we're getting to the point where like they have just read
• 1:13:14
  out of any type of tools or tactics where they're just like
• 1:13:18
  exactly where they're just like trust as well.
• 1:13:20
  Trust me, just trust me. Like we're at the these.
• 1:13:23
  Are the signals. This is the signal.
• 1:13:25
  This is the biggest signal you should pay attention to.
• 1:13:28
  Exactly, that's not what I've been saying all all week since
• 1:13:30
  we first heard this news come out.
• 1:13:32
  Like if this guy is anti Bitcoin then I just know I'm right and
• 1:13:36
  I'm even harder pro Bitcoin than ever.
• 1:13:38
  This guy's anti human like this is the most anti human person
• 1:13:40
  ever. OK, next one, Mark Goodwin, our
• 1:13:43
  boy on Twitter at Mark Goodw under score IN.
• 1:13:47
  And this one, this one's a little dark.
• 1:13:50
  I'm not gonna lie. It's like it's very subtle and
• 1:13:52
  it looks kind of wholesome. But this one's a little dark.
• 1:13:55
  All right, here's a picture of James Laszlo, the, the guy for
• 1:13:58
  pizza day was this week. You know, he spent 10,000
• 1:14:01
  Bitcoin to buy 2P John's pizzas. He's sitting here with his
• 1:14:04
  family. It's a cute, wholesome picture.
• 1:14:06
  And it's that 4 Chan, you know, screenshot of if you only knew
• 1:14:10
  how bad things really are. Oh, man, this one's meta.
• 1:14:13
  Good job, Mark. This one's dark.
• 1:14:15
  This one's a little dark. This one's a little dark.
• 1:14:17
  OK next one, we got Brian Lockhart on Twitter.
• 1:14:20
  And it's the classic, you know, guy taking a selfie in front of
• 1:14:26
  the headstone at the cemetery. And on the headstone, it says
• 1:14:30
  how he tests. And then it's shit corners, you
• 1:14:32
  know, killing sixty years of legislation in one final blow.
• 1:14:36
  Shouts out to Gary Ginsler. And on that note, shouts out to
• 1:14:38
  Gary Ginsler and Elizabeth Warren.
• 1:14:40
  We have autism Capitol. And he goes, you fucking blew
• 1:14:43
  it, little man. It's Elizabeth Warren whispering
• 1:14:45
  in Gary Gansler's ear. Oh, man, this is perfect.
• 1:14:49
  OK. And the last one, this one I
• 1:14:51
  find kind of hilarious. We have Francis Poulier on
• 1:14:53
  Twitter, and I'm sure you guys saw David Bailey say that, that
• 1:14:57
  he wants to raise 100 million to get Trump even more pro Bitcoin
• 1:15:02
  and build a Bitcoin army. And this is the classic trade
• 1:15:05
  off for me where he goes. I receive $100 million and you
• 1:15:09
  receive a few positive tweets about crypto and it's Trump.
• 1:15:13
  But I want to kind of, you know, change this one up a little bit.
• 1:15:17
  I would say not only just Trump, but every politician is the same
• 1:15:21
  way. Give me money and I will say
• 1:15:23
  nice things about whatever you like.
• 1:15:25
  This one's bars. All right, Drop your meme review
• 1:15:27
  score in the chat and we will cover.
• 1:15:28
  Ours live but given a little bit of like guys.
• 1:15:30
  For anyone who's new to the show, we review the memes by
• 1:15:34
  giving it objects, feelings, numbers, any anything that your
• 1:15:38
  heart you know can think of. It could function as meme score.
• 1:15:43
  So opti should be. Wait, wait.
• 1:15:45
  I'm I'm, I'm, I'm. I need to find something.
• 1:15:47
  So you need to go first, Nika. I'm going to give it this
• 1:15:52
  magnifying glass. I got something.
• 1:15:55
  I got something. Great, that's my meme score is a
• 1:15:57
  magnifying. I am giving it Hawking for
• 1:16:00
  Freedom by BJ Dichter. I think you've.
• 1:16:03
  I think you've. Already given that one, I I
• 1:16:05
  don't, I didn't have one. I didn't have one.
• 1:16:07
  Look, Opti, I'm magnified, hey. That's how you should look on
• 1:16:11
  every show. Yo, what's good?
• 1:16:15
  All right, Bram, what is your score?
• 1:16:18
  My score. Oh, we didn't even give him the
• 1:16:20
  we didn't. I forgot to give him the meme
• 1:16:22
  the the rundown on the meme score before the show because I
• 1:16:25
  was. Telling him about the.
• 1:16:26
  Toxic chat. It could be the meme scores a
• 1:16:29
  meme in itself, so you could throwback numbers or just grab
• 1:16:32
  something on your desk. All right.
• 1:16:37
  I've got a, I got a. Lego is that Transformer?
• 1:16:41
  Wow. It's a transformer.
• 1:16:44
  Wow, Millennium confirmed. I don't know what it, I don't
• 1:16:47
  know what it means, but yeah, well, that's story of my life.
• 1:16:50
  There you go, optimist, prime and optimist fields converging
• 1:16:55
  to give you a meme review. Let's go.
• 1:16:57
  OK, there's meme review scores in here, Nico, so get to it.
• 1:17:03
  All right, 1st meme score by sail dog.
• 1:17:06
  I give the memes one opti football beard 11 on each side I
• 1:17:10
  don't get. It I don't know what that means,
• 1:17:12
  but this is beardest. I can't grow a beard.
• 1:17:17
  Sat wise Jinx. I give the memes Liz Warren and
• 1:17:19
  Gary Gensler's brains metaphorically melting out of
• 1:17:22
  their ears. And melting.
• 1:17:23
  Isn't bad. That's not bad.
• 1:17:25
  No call to violence there anyway.
• 1:17:29
  Internal melting. I give the memes the Nico Holy
• 1:17:32
  Trinity. You buried the lead.
• 1:17:33
  They they said the choir part out loud.
• 1:17:36
  This is outside of the Overton Lindo.
• 1:17:38
  Damn. God forecast.
• 1:17:41
  Bro slam dunk there Elaine shout out Elaine says score sixteen O
• 1:17:47
  5. If wishes were horses all men
• 1:17:49
  would ride 2024 SEC wishes brings ETH suicide metaphoric
• 1:17:55
  1625 all wells that ends well WS giddyup Bitcoin horse horse
• 1:18:00
  horse horse. That's a good one.
• 1:18:03
  A UTXOI give the memes the scarcity of the meme review,
• 1:18:06
  which has reached the point of Nico having to explain the meme
• 1:18:09
  review because most of his viewers weren't born at the time
• 1:18:12
  of the last meme review. Oh man, something in cereal said
• 1:18:20
  ioffer the death star as a meme score and some free doki coin.
• 1:18:25
  OK, it's very good. Nick.
• 1:18:27
  I give the memes a bum bum loco TX.
• 1:18:33
  I give the meme score Elizabeth Warren doing stuff Jesse
• 1:18:43
  Whaling. I give the memes a score of
• 1:18:46
  ether maxi tears from lack of inflows from one month from now.
• 1:18:49
  I don't know bro, I don't know. ANYWAYS, next.
• 1:18:54
  Score you can see the C word but sorry next one.
• 1:18:57
  This knock meme score, meme ETF. When Opti is behind that, he's
• 1:19:02
  going to be taking the meme score and the meme score 2 Black
• 1:19:06
  Rock 2 Larry Flink Toxic Maxi gives it 93,000 Canadian pesos
• 1:19:14
  All right, next one Jace Snow. I give the memes one Opti.
• 1:19:20
  She Optishi, Optishi. One Optishi OK, and we got one
• 1:19:24
  on Rumble and it's out of compliance and he goes meme
• 1:19:27
  review score New York Rangers take game two tonight.
• 1:19:30
  OK, we got some hockey fans in the I'm I'm a I'm a new convert.
• 1:19:33
  I'm a I'm a Stars fan. With be the Oilers that was
• 1:19:37
  nuts. Mean Opti saw a hockey's game
• 1:19:39
  hockey game in Montreal and Canada.
• 1:19:41
  Holy shit like that. That it's the real.
• 1:19:44
  Deal. I honestly didn't know people
• 1:19:46
  like hockey that much. That was incredible.
• 1:19:47
  I couldn't even know where the puck was on TV.
• 1:19:50
  I was just like looking. But it was a great experience.
• 1:19:53
  It was a good time, Very. Canadian time in Montreal.
• 1:19:56
  Anyways, guys, if you guys enjoyed the show, you know what
• 1:20:00
  to do smash the like button. Consider subscribing if you feel
• 1:20:02
  like we provided you value. But then one thing you could do
• 1:20:04
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• 1:20:12
  Anyways, I do want to thank our very special guest, Bram.
• 1:20:15
  Thank you so much for joining us today.
• 1:20:17
  Appreciate it. Why don't you tell everybody
• 1:20:19
  where they could find you on the interwebs and your stuff?
• 1:20:23
  Yeah, again, thanks so much for having me on.
• 1:20:25
  People can find me on Twitter X at BR AM K, And if they want to
• 1:20:31
  check out my podcast, it's called Bitcoin for Millennials.
• 1:20:33
  You can find it on Spotify, Apple, YouTube.
• 1:20:37
  Yeah, that's basically it. Well, thank you so much for
• 1:20:39
  joining us, man. Really, really appreciate it.
• 1:20:42
  All right guys, crazy, crazy Friday show.
• 1:20:44
  That's 1600 of you guys watching live right now and about 55 on
• 1:20:48
  rumble. So you guys appreciate it.
• 1:20:50
  Thank you guys so much. I'm your host Nico, my legendary
• 1:20:52
  Co host who took himself off screen Optimus Fields, and that
• 1:20:57
  was simply Bitcoin live. Everyone enjoy the weekend.
• 1:21:01
  We'll be back Monday for a brand new episode.
• 1:21:03
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• 1:21:06
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