Latest / Simply Bitcoin / BREAKING: Congress Hold Hearing on Banning Bitcoin | EP 691

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BREAKING: Congress Hold Hearing on Banning Bitcoin | EP 691 · Simply Bitcoin

0:11
Yeah welcome to another episode of Simply Bitcoin live.
0:14
Your number one source of the peaceful Bitcoin revolutional
0:17
code. Breaking news culture, medic
0:17
Warfare. We will be your guide through
0:20
the separation of money and state and today is one of those
0:24
episodes where the incumbents state is fighting back.
0:29
We've been covering this for quite a bit.
0:31
Remember the, the propaganda piece it was, it was a former
0:37
get the actor's name. It's slipping my mind right now.
0:40
Anyways, we've been covering NG it, the last two weeks, right?
0:43
Very, very well produced videos coming out of the crypto handle,
0:48
which is the Bloomberg crypto. They own it and yeah, they hired
0:54
an actor who was part of the B Administration Kal Penn.
0:57
Thank you, Jacob. Thank you producer.
0:58
Jacob, best producer in the game part of Harold and Kumar and
1:04
they've been using him to come out with these very well-made
1:09
propaganda pieces as you would call it, right?
1:11
We also had the bind Administration in the various
1:15
you know, executive orders you know questioning proof-of-work
1:19
specifically the very specific in this proof of Works energy
1:23
usage and we know since etherea migrated to proof of stake.
1:26
It's really Bitcoin when they're talking about that.
1:28
So this is a direct attack on bitcoin, right?
1:32
If you ban Bitcoin mining within the United States like you know,
1:35
that's what that's what they want to go with this, right?
1:38
So they held a hearing we have all the details and then we had
1:40
the Join Senator, Cynthia lummis of Wyoming or Loomis?
1:46
She fought back. So we're going to play the
1:47
entire clip, her 44, 45 minutes Sound by, we're going to play
1:51
it, we're going to discuss it and then we're going to go
1:53
through what it is. They're saying what it is.
1:56
They're talking about this but this is make no mistake.
1:58
This is very well orchestrated. They've been doing this for
2:01
quite a while like this is a the well planned out move and what I
2:06
think they're doing a very similar to change the code
2:10
right? That that That, you know, that
2:12
movement that was funded by one of the founders of Ripple.
2:17
This is a social attack. They're trying to accumulate
2:20
enough political will from the people.
2:22
You know, convincing them that Bitcoin, you know, is terrible.
2:26
It uses all this energy without getting into the Nuance without
2:29
getting into the facts that Bitcoin uses stranded energy
2:32
right. Bitcoin mining doesn't make
2:34
sense in a city. It's too expensive but they
2:37
don't talk about that, right? Not to mention in Texas right
2:40
with Bitcoin. Miners are doing over there,
2:42
they're buying all that, you know, all that stranded energy.
2:45
They're actually, you know, helping the grid but of course,
2:48
all of that is lost right in the.
2:51
There's this very strong narrative that using energy is
2:55
somehow a bad thing when the ability for human beings to
3:00
capture and use energy is Bend is a direct correlation with
3:04
wealth, right? And you can see that it's very,
3:07
very obvious. So, I mean, this is, is going to
3:10
be a crazy fight. But I don't think the fight
3:12
itself is against people that hate Bitcoin necessarily.
3:16
I think really the fight is the fact that somehow, you know, 30
3:20
40 percent of the population is convinced that using energies of
3:25
bad thing. And I think that is really the
3:28
fight here. I think that is really what we
3:30
have to educate or we have to you know at least talk about
3:36
right that that type of discussion anyways and there's a
3:38
bunch of bitcoiners that are doing this.
3:41
Alex Epstein wrote an amazing book fall.
3:43
So future, I really recommend it.
3:45
You really Dives deep into all this, but yeah, I think that
3:49
this is going to be your this is one of the to attack vectors on
3:54
bitcoin one is Bitcoin mining energy use which is already
3:57
happening. It's already started and then
3:59
the second attack Vector that I suspect it's going to come some
4:02
Rumblings already. Coming out of Europe is the
4:04
right to self custody. Right so those two things but
4:08
you see the good news is that you see States Here in the
4:11
United States, they're already kind of preemptively putting
4:15
stuff into law. That protect those two things,
4:18
whether it's the right to mine. As, in the recent law that was
4:21
passed in Missouri, unanimously. It was bipartisan beautiful, or,
4:25
you know, the right to self custody, right?
4:26
We saw the Wyoming private key law, right?
4:29
So, it's like the state, see, the writing on the wall, they
4:31
see the inevitable Clash, but hey, that's our job.
4:35
Our job is to cover it. I'll go.
4:36
Our job is to shine some light and all this, and discuss it.
4:41
Anyways, before we start the show, when a bring up our
4:43
awesome guest stack is joining us today.
4:46
How you doing, buddy? Hey, that's over here.
4:49
Good to have you, man. Welcome to the show.
4:51
And of course, my legendary co-host, always optimistic, how
4:54
you doing Opti? I am doing good but before we
4:58
get into my comments, on your you're taking the beginning,
5:02
shout out to Karel in the YouTube chat.
5:04
Yes, I am optimistic and happy this morning.
5:07
I never said, I wasn't the last couple of days, you know, I'm
5:11
Saying, I'm only human. Anyways, Nico in regards to see
5:14
what happens. See, what happened?
5:16
I like to do. You know, like, I'm gonna try to
5:18
wake up optimistic, bro, you're optimistic.
5:20
But everyone knows you're optimistic all the time.
5:23
You're being humble, I'll be humbly Being Human here and, you
5:26
know, at times it still grind boys and girls.
5:28
But anyways, to your point Nika to the monologue in the
5:31
beginning of the show, it is very, very interesting that we
5:35
are seeing the pr War happen in real time and where they are
5:39
trying to angle the Attack vectors on, and that's a bit
5:43
Corner, as all of us that's been in the space for a while.
5:46
Again, it is all the low-hanging fruit that we have countered and
5:50
destroyed for years, but hey, it seems like we're going to be
5:53
doing this for a long, long time to come.
5:56
And then in the culture, we got our friend Stacks here.
5:58
So we're going to just talk about, you know, Bitcoin culture
6:00
and how Bitcoin change our lives and what is doing in the world
6:03
and the importance of doing Bitcoin content in the first
6:06
place. Anyway, thinking, let's get into
6:07
it. Beautiful.
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market capitalization of Bitcoin 426.
8:12
Billion dollars with Abby. Anyways, interesting comments
8:17
and shot. It was CNBC who tweeted this
8:21
this vertical vertical video from their Twitter account.
8:24
But some comments from Jerome Powell you know, head of the
8:26
Federal Reserve, the American Central Bank, he had some
8:29
comments about Bitcoin about potentially Banning Bitcoin
8:33
potentially specially because of you have to understand guys.
8:36
The FTX debacle was disastrous, it was an embarrassment for
8:40
Regulators, a lot of people. Are calling like, hey, you know,
8:44
please help us. This is bad.
8:46
A lot of, you know, a lot of everyday average everyday people
8:49
got hurt by this. Unfortunately, a lot of people
8:52
see the Bit Coin and crypto and it's changing, but they still
8:56
see. They still feel like they're the
8:57
same industry, right? So a lot of people are calling
9:00
for regulation. All people are like, you know,
9:02
they're asking for blood really. You know, they got hurt, you
9:04
know, they got they got their coins stuck on the exchange,
9:08
whether it was a Celsius, whether it was a whether it was
9:12
FTX right? And they're, you know, they're
9:15
rightly pissed off, but you know what bitcoiners have been saying
9:18
is hey, you know, not your keys, not your Bitcoin.
9:21
If all these exchanges blew up and you had your Bitcoin and
9:25
self custody, and you're just staying humble stacking SATs,
9:27
you just got cheaper SATs, right?
9:29
That that's the, that's the awesome part about this.
9:31
You're just like, yo, I got cheese, I got the opportunity to
9:34
stock cheaper Bitcoin, but it's people that Outsource that
9:37
personal responsibility to a custodian that get hurt here,
9:41
right? So I think That's the lesson
9:43
here. I think a lot of people did get
9:44
spooked because there is a record amount of there's a
9:47
record amount of outflows coming out of exchanges and also the
9:52
amount of whole coiners, the amount of Bitcoin addresses
9:55
holding one Bitcoin is continuing to make an all-time
9:59
high. So that makes me optimistic
10:01
about all this optimistic, like Opti.
10:03
Anyways, everybody, let's talk, let's check out this video and
10:06
then we'll talk about it. We believe that Innovation is
10:09
very important over time to the economy.
10:11
We don't want to stifle Innovation.
10:12
We don't want regulation to stifle innovation in a way that
10:16
just favors incumbents and that kind of thing.
10:19
But like, everyone else we're watching, what's been happening
10:21
in the crypto space. And you know what we see is, you
10:25
know, quite a lot of turmoil, we see fraud, we see a lack of
10:28
transparency. We see, run risk, lots and lots
10:31
of things like that. And so what we've been doing is
10:33
is making sure that the that the regulated financial institutions
10:38
that we supervise and regulate our careful are taking great
10:41
care. In the ways that they engage
10:43
with the, you know, with the whole crypto space and that they
10:46
give us prior notice. And we've issued along with the
10:48
FDIC in the OCC, a number of of, you know, issuances of notices
10:57
to that effect. So I mean look, the the the
11:02
first part which, you know, is fine and dandy, right?
11:04
But like, don't pay attention to what they say.
11:06
Pay attention to what they do. You know, they say they want
11:09
competition, they say they want innovation.
11:12
Then they speak about incumbents.
11:14
He is the incumbent Central Banking is the incumbent, right?
11:17
And the reason I'm saying all this like, remember Caitlin
11:19
Long's bank, right? Caitlin Long, you know, went
11:21
through the whole process checked, all the boxes that a
11:24
formal application, you know, they kind of move the goalposts
11:27
on here, you know, they stretch they normal time to be approved
11:31
was three to four weeks. They change that they said no
11:34
and then after a year they denied her.
11:36
So I mean like is like, is that, you know, is that being fair to
11:41
Innovation like I I don't get what's going on here.
11:44
I just think that you know again that we've been saying this for
11:47
weeks now but I'm going to continue to read it.
11:49
Reiterate it like what happened with FTX.
11:52
What happened with Celsius, just gave a bad name to the industry
11:56
as a whole. And unfortunately a lot of
11:58
people still see the crypto industry, the same as the
12:01
Bitcoin industry. So I mean yeah I mean it's cool.
12:08
I guess he's openly saying like you know, we're not going to be
12:12
Completely hostile and you know, we want Innovation, I get, I
12:16
don't even know. I I'm going to leave it at that.
12:19
I just I think, I think it's, I think he said it right to
12:26
placate. Both sides to make both sides
12:28
kind of happy, I'll leave it at that.
12:30
Anyways, stack, what are your thoughts on this?
12:32
And then we'll move on to Opti. Do you ready?
12:38
Go, get a cake today. Hey, can't tell you hear me?
12:42
Yes, all right, perfect. Well my take is to the still
12:45
seems actually I keep it simple. First of all I think we are all
12:48
responsible for this the folks that we hire in Congress.
12:52
The legislators we are the one that elected with one that put
12:55
them in the office, right? And I think we've been doing a
12:57
terrible job not getting involved in that process.
13:00
I want to get more people involved in that process because
13:02
we can expect 60 70 year old person to understand this
13:07
technology. LG my father doesn't get it.
13:09
It just like, okay here's some money.
13:11
Just go figure it out. I think that's one of the
13:13
biggest issues that we gotta fix is that we have a lot of these
13:16
people that we have in Congress. That I just don't understand the
13:19
technology but would rather listen to the bankers, which are
13:23
the guys that actually got them in office in the first place.
13:26
Those are the guys that the listen to right now like if you
13:29
see all the legislation that has been coming out and recently
13:32
it's not for the people. It's not government for the
13:34
People. By the people is literally
13:36
government for the elites. All rules and regulations for
13:39
the Olympics. So we gotta fix that part as
13:41
well. Let's get more involved in
13:42
government so that we can fix it from that angle.
13:45
But in the meantime though, when you say him, talk you realize
13:49
that is doing the divide-and-conquer approach.
13:52
Yes, we already know Bitcoin is different from crypto, so it's
13:55
going to take crypto to wall and just destroy those guys.
13:57
What are the told them a long time ago that Bitcoin is the
13:59
answer, they're not listening but for Bitcoin is going to try
14:03
to destroy true. What we'll talk about the energy
14:06
situation and try rule Vince people that oh okay Bitcoins not
14:10
good for the environment because of energy and you've been saying
14:14
that a lot and is trying to come back again.
14:16
Well, I put keep keep keep reminding people.
14:18
The reason why you lost your money on the exchanges, in the
14:21
first place was that you came to bitcoin because you thought it
14:24
was a quick way to make money. You don't understand money,
14:27
right? And we're trying to get you to
14:28
accumulate decline because that is your way to buy your freedoms
14:31
back. So people are putting their
14:33
monies. They are they're stored value
14:35
which is there money in exchanges?
14:38
Death for triggering their freedoms for apy.
14:41
So, you know, interest rate increases or just to trade their
14:43
Bitcoin, to make more money stock trading with pointers,
14:46
accumulate save yourself some time and understand money so
14:50
that you can store your money in a, in a value or in an asset, I
14:54
don't even call it an asset in an energy form that you can
14:57
utilize many, many years from now.
14:59
And sort of one that is been killed by inflation, you know,
15:02
just think about it that way. You and I everyday store or
15:06
convert our time, Time and energy for money, but right now
15:10
that money that will convert in it for or into is being
15:14
depreciated on the per hour or per daily basis to do to taxes
15:19
due to inflation. Thanks to the FED.
15:22
SES SEC SEC is not doing their job, really.
15:25
Then you have a FTX the entire time.
15:27
Why did this? Why are you there shortly now?
15:29
They want the one that proved them.
15:31
So, long story short, they just playing games with the entire
15:34
citizens of the world and focus to just realize that It's again
15:38
involved in the system and get the right to point up here so
15:41
that we can move along to a better future.
15:43
That's my response. 100% 100% agree with that Opti you want to
15:46
add love it. Yeah, well I think the one point
15:51
that I found very interesting and obviously it's like it's
15:55
like pointing out the obvious. We know that the federal
15:58
Regulators are watching the quote-unquote crypto space and
16:01
now everyone knows because it's coming from the horse's mouth
16:03
and so Jerome Powell. And of course, we've been saying
16:06
this for a long time on the show that they're going to use f, TS
16:11
FF TX as an example. And also try to use this for a
16:15
long time to come to usher in more regulation, in the space.
16:19
And again, I think this is something that we've been
16:22
talking about a lot, not only on the show, but on Twitter spaces
16:25
and it's the importance of separating Bitcoin and shit
16:27
coins or you know Bitcoin and ft x.
16:29
And it you know it's very interesting that a lot of people
16:33
are conflating ft x and Bitcoin and it's kind of back to this
16:37
idea that a People still don't understand why we Bitcoin what
16:40
Bitcoin is in general, you know what we're doing in this space
16:44
and again, kind of like, what sex ed?
16:46
They don't understand what money is or what the financial world,
16:49
or how the financial World works.
16:51
And it reminds me of an article that we wrote on our sub-sect of
16:54
just very plainly pointing out. Like this ain't Bitcoin.
16:57
Like this isn't Bitcoins fault. This has nothing to do with
17:00
Bitcoin and it back to something I say all the time is she
17:04
Corners make us all look bad. And here we are dealing with the
17:07
repercussions. We will be dealing with these
17:09
repercussions for a long time to come but personally, I think
17:12
it's becoming very obvious and I know Nico and I talked about
17:15
this consistently offer and I hope we do this on areas where
17:18
it well like it's becoming very obvious that there's a huge
17:21
difference between Bitcoin and Bitcoin and I've said it on the
17:24
show before there's like in my opinion you know, to be use a
17:27
metaphor. There's like a Grand Canyon
17:28
divided between Bitcoin and shit coins and now it's becoming very
17:32
obvious like there is Bitcoin and there's shit coins.
17:35
And if you are getting in the shit coin space, you I don't
17:38
know what you're doing. You're gambling.
17:40
You're on the shit coin, casinos, if you know, play
17:42
stupid games, when stupid prizes, all you really need to
17:45
do to build. Wealth is save and Bitcoin, you
17:48
know, provide value to your fellow man, take Bitcoin in the
17:51
South custody and this is how we call bullshit on the system and
17:55
just don't speculate on shit. Coin casinos guys are gonna get
17:58
rekt again as Jacob always say don't shit cunt don't shush a
18:02
coin is bad for you, it's bad for you.
18:04
Anyways everybody let's get to news.
18:06
We have a lot to talk about. Today, let's do it.
18:11
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your Bitcoin. Alright everybody so you guys
18:48
remember the Cowpens thing? We talked about it for a while
18:53
right Harold and Kumar actor you know is now doing a series
18:57
right? Basically attacking Bitcoin
18:59
mining call into question Bitcoin.
19:00
Mining says it many times throughout the series right that
19:04
it is useless you know, G solving it or guessing guessing
19:08
these numbers It's useless. It's it doesn't serve any
19:11
purpose and again that that's a conversation that's something
19:15
that's somebody who's talking from a place of financial
19:18
privilege. You know if you live in a
19:19
country that has double digit inflation, I wouldn't say
19:22
Bitcoin is useless for you. Right.
19:25
Anyways, so let's get through some of the news environmental
19:29
impacts of crypto mining under microscope in Senate companies
19:33
operating facilities that mind cryptocurrency particularly
19:36
Bitcoin should not be allowed to grade their own.
19:39
Work where greenhouse gas emissions are concerned US.
19:42
Senator Edward Markey said during a Committee hearing
19:46
Tuesday, Marquis who is sponsoring a bill that would
19:48
require cryptocurrency miners to disclose their emission levels
19:52
said that the United States needs independent trustworthy
19:55
and accurate statistics on the environmental impacts of such
19:58
activity while the Bitcoin mining industry claims that they
20:01
can actually be a boon to the environment.
20:04
We don't have that transparency. We need to vet those arguments.
20:08
Marquee proposed crypto a Asset environmental transparency act
20:11
unveils March unveiled March 3rd would require crypto miners that
20:15
use more than five megawatts of power to report.
20:18
Their green gas emit greenhouse gas emissions to the
20:21
Environmental Protection Agency the EPA.
20:22
The measure would also direct the national environment
20:26
authority to conduct a quote, comprehensive investigation to
20:30
the efforts of mining cryptocurrency in the United
20:32
States Bitcoin. Mining operations which use
20:35
computer Banks to generate the digital currency create
20:37
electronic waste and Large amounts of electricity to run
20:42
quote, with an environmental impact.
20:44
Like this Bitcoin is more like digital coal, then, digital
20:47
gold. Whoo.
20:48
The jab Robert Altenburg senior director for energy and climate
20:53
of Pennsylvania based advocacy Group pain.
20:55
Future told the senator during Tuesday's Hearing in the Senate
20:58
environmental environment and Public Works committee that all
21:01
do some crypto mining operations, run on carbon-free
21:04
energy sources, such as nuclear power, they can create problems
21:08
for the power grid, right? Eight large quote went
21:11
carbon-free, energy is diverted from powering our grid, to
21:14
wasteful cryptocurrencies, the words like wasteful
21:17
cryptocurrency. And again, that's BS.
21:20
Like that itself is BS. Like this statement, fine.
21:26
You could say that the senator statement, they had enough, you
21:30
know, you could you can't you know fine, right?
21:34
Even though I don't agree with them but you know they're not
21:37
direct BS, you know, you could say that they're there.
21:39
Perspective, their point of view.
21:41
This is just wrong. Like, this is a wrong statement
21:44
and it's just basic supply and demand, right?
21:47
If you live in a big city, right?
21:50
What happens. There's a lot of Demand, right?
21:54
There's a lot of demand the energy.
21:55
The energy costs are going to be expensive.
21:57
Therefore it's not economical to mine Bitcoin there, right?
22:02
Bitcoin miners have to go to cheap electricity sources,
22:06
that's the only way it's economical.
22:08
That's why it works in Texas. That's why a lot of the miners
22:11
are in West Texas and that's why my Bitcoin miners in Texas.
22:15
Also shut off when the Texas energy grid demands it right, it
22:20
does its to it. Is it make sense, right?
22:23
So there are the buyer of Last Resort.
22:25
That's a Bitcoin, miners do so that statement at the very end,
22:28
that's BS. That's bullshit.
22:30
Krypto miners. In New York have worked to bring
22:32
retired fossil fuel power plants, back online to power
22:36
crypto Farms, New York State Assembly, woman and aquel said
22:39
during the hearing. Well, fine.
22:41
Okay, that's your perspective. New York.
22:43
And what did New York do New York past the the mining Mehmet
22:47
aureum, right? So you can't mind in New York.
22:48
So why does this New York State Assembly woman?
22:51
Care what the rest of the country is going to do, like,
22:55
you New York. You have every right to have
22:57
fun, staying poor. That is your decision suit
23:00
yourself. But why are they trying to push
23:02
that on the rest of us? Quote, we must carefully study
23:05
the environmental and grid impacts of cryptocurrency.
23:08
Mining methods, clear word, their mining methods.
23:11
Right? And what do they always advocate
23:12
for proof-of-work? Bad proof of stake.
23:15
Good member in the Cowpens video.
23:17
It wasn't just attacking Bitcoin.
23:19
Mining advocating for proof of stake.
23:21
Why? Are they friendly with proof of
23:22
stake? Well, we can't say this for
23:24
sure, but you can control proof of stake.
23:27
It's a continuation of the current system that we have
23:30
today where there is an elite group that get to pick and
23:34
choose the rules. Change, the monetary policy to
23:37
benefit themselves. This is what makes Bitcoins so
23:40
unique. It's what makes Bitcoin so
23:42
different, right? So yeah, interesting
23:46
interesting. Anyways, here's the official
23:49
press relief. Press release.
23:52
From Senator Markey represented Huffman announced legislation to
23:56
crack down on crypto, current on crypto energy consumption as
23:59
Marquis holds first-ever Senate hearing focused on Industries.
24:04
That's not true either. It was never a fur.
24:06
It was never the first Senate hearing on this, they've done
24:09
this before. There is a senate hearing called
24:11
quote cleaning up. Cryptocurrency, we've been here
24:15
before. So again like what I believe
24:19
this is about is that they're trying to emulate enough
24:22
political willpower. They're trying to convince the
24:25
uninformed that proof-of-work mining is bad.
24:29
That's what this is really about.
24:32
This is this and again look at Elizabeth Warren anything that
24:35
the Bitcoin industry does is bad.
24:37
She attacks it and eat any opportunity.
24:39
She does I don't think it has to do with the environment.
24:42
I don't think it has to do with the energy usage.
24:44
It has to do with the fact that they can't control it.
24:47
I think that this, this is always stems down to that and
24:50
really what convinced me the most Was the example Norway,
24:53
which we've brought up on the show many times and Norway the
24:59
vast majority of energy produced comes from so-called in
25:03
renewable energy sources, there were certain political parties
25:06
in Norway they still wanted to ban Bitcoin mining so I don't
25:10
think it has to do with the type of energy that Bitcoin mining
25:14
uses. I think it has to do with a lot
25:18
of people want to choose what you can use.
25:21
With energy and what you cannot use with energy.
25:24
And Cynthia lummis, does a really great job at pointing
25:27
this out? And I'm going to play you a clip
25:29
of her at this hearing and then we'll talk about it.
25:33
First question is for mr. Altenburg, what does a what does
25:39
a digital asset mining operation look?
25:43
Like, I mean, are there shovels digging in the ground?
25:49
What does it what does it look like?
25:51
It depends where the location though.
25:54
The mining sites that are being placed at our fracked.
25:57
Gas Wells, they're essentially semi trailers that have methane
26:02
gas power. Writers that are plugged into
26:04
the well and big shipping containers, full of racks of
26:08
Bitcoin miners? Okay, on a Bitcoin miner is
26:11
actually a computer. It's about the size of a toaster
26:14
and it uses three times the energy of a house, okay?
26:16
So there is a bunch of toasters in a line.
26:21
Sometimes they're dipped in fluids so they run cooler, they
26:25
can be air cooled. They can be water-cooled, but
26:28
it's basically just a computer Yes, so is that computer?
26:36
That's mining Bitcoin. Directly emitting pollutants.
26:45
Know it's its energy source, it's electric source as what's
26:48
emitting. Okay?
26:50
So now let's take an EV charging station.
26:55
If that EV charging station is powered by electricity from
27:00
natural, gas or coal. Shouldn't it also have the same
27:07
monitoring that is being I stood by this bill I think the issue
27:12
is is looking at how efficiency is measured.
27:17
It's all sources of electricity, whether it's the lights or the
27:21
speaker system. Here are going to use
27:23
electricity and uses and produce a certain amount of work for
27:26
that electricity. The issue with Bitcoin and
27:30
proof-of-work. Cryptocurrency is the work that
27:33
we are doing is not actually necessary to have cryptocurrency
27:37
or do have blockchain technology.
27:39
You. Okay?
27:40
Let's talk about goal. If you're, if you're, where does
27:44
Gold Cup from it's mine? It's mine.
27:47
Okay. Is is energy expended in
27:52
producing gold? Yes.
27:54
Okay, is gold. Absolutely essential for certain
28:00
Technologies. It is, is it congress's job to
28:06
decide? Whether an energy use is
28:11
worthwhile or not, I mean, surely you've heard that Bitcoin
28:16
is digital gold because it is limited to 21 million Bitcoins.
28:21
Never to be mined it is permissionless and which means
28:27
you don't have to rely on a third-party, a trusted third
28:30
party to do transactions in order to hold it.
28:33
It is a store of value and that is commonly agreed to, okay.
28:38
You've got called it's a store value, you've got Bitcoin, it's
28:41
a store of value. They both consume energy to
28:45
produce. Now, is it congress's role to
28:49
say gold is a more worthwhile? Use of energy then Bitcoin.
29:00
There is a long history of that very thing.
29:02
We have Energy Efficiency, standards for appliances.
29:05
We've got Cafe standards for vehicles and foremost air
29:08
pollution for most new air pollution sources.
29:11
There's legal requirements that before they operate, they
29:14
installed the best available technology to reduce the
29:17
pollution. So, may we do make those
29:19
decisions every day. So, we're still mining coal in
29:23
this country. We're still producing.
29:25
Natural gas, which is, and we have the cleanest burning
29:28
natural gas in probably the world here in the United States
29:34
and produce it in the most environmentally sound manner.
29:38
But it's a hydrocarbon. So if my car is oil consuming or
29:46
natural gas consuming, is it a less worthy use of energy?
29:55
Then energy that comes from coal and natural gas, but is
30:00
converted to electricity for an EV?
30:04
Well there are four using using Vehicles using or entire
30:09
Transportation Network. Requires a certain amount of
30:11
energy and there are economic benefits that we get from that
30:16
Transportation Network. I have for my times about up, so
30:20
thank you. I have a question for Miss
30:23
detling or do you view digital I'll asset mining operations as
30:27
a negative for the power sector. I certainly don't speak for the
30:32
entire power sector, but within the state of Nebraska, we've
30:36
actually seen benefits. We have not seen the drawbacks
30:39
that have been mentioned during the hearing today.
30:43
And most of those have just been managed locally whether by the
30:48
municipality, by the county or by the Nebraska Department of
30:52
environment and energy, if you have a natural gas, As well and
30:56
you're venting, the natural gas. Because that, well is not hooked
31:00
up to a gathering line. Is it better to vent it into the
31:06
atmosphere or is it better to use the energy to produce
31:11
something of value? In my opinion, it's much better
31:15
to actually use the energy and produce something of value.
31:19
Thank you, mr. Chairman, I yield back, thank
31:22
you so much. So, so so this is Is my message,
31:26
guys, please say it with me. Leave my Bitcoin, toasters
31:29
alone. Alright, leave them alone, don't
31:32
touch my Bitcoin toasters but looks and all seriousness.
31:35
I think that example Why by Cynthia lummis was genius
31:38
because I think she's highlighting the fact that look
31:41
like what you're saying is ludicrous.
31:44
You're basically highlighting that we should ban and
31:48
electronic device because it uses Toma too much energy.
31:52
Like and then it goes sure. Like, do we We really want to
31:55
live in a world where the government is deciding, what
32:00
computers you can run, what computers you can't run.
32:03
And then the last thing that I want to say was, The idea that
32:09
he said, proof of work isn't necessary.
32:12
You can run blockchain technology without it.
32:17
What is your what is your replacement proof of stake?
32:20
But why don't you talk about what the downsides of proof of
32:22
stake are? It's never talked about like
32:24
that. They're basically advocating for
32:27
they're saying, listen proof of work is so bad.
32:30
We can replace it perfectly with proof of steak without
32:34
acknowledging. What the downsides are, and
32:37
without getting into those discussions, Which leads me to
32:42
believe. I don't think that their
32:44
arguments are sincere. I don't think it's about that.
32:47
I don't think it's about, you know, this replacement, I really
32:50
believe and it took me about a year of going down this rabbit
32:54
hole before I could admit this without feeling bad because it
32:59
is a strong statement. I think this has to do with,
33:02
they can't control it, they can't fully control it.
33:04
I think that's what it's always been about and I think that this
33:08
is a genius attack vector. And all the look when the by
33:13
demonstration, releases these reports, they never include any
33:18
of the new information they pick and choose what information to
33:22
include. And it's information that has
33:24
been debunked many times and not to mention the source from a lot
33:29
of people that are openly hostile to the industry.
33:31
But they don't talk about any of the net benefits, right?
33:34
And I think that Nebraska example at the very end
33:37
highlights that perhaps in some locations.
33:41
You could say, okay, you know, Bitcoin mining is using, you
33:45
know, is powering up old coal plants.
33:48
You can't say that about everywhere, but they don't
33:50
thatthat doesn't matter to them. They just they're advocating for
33:54
an all right band everywhere, right?
33:57
And this bill will make no mistake is a first step towards
34:00
that making Bitcoin miners report their power use what?
34:05
What is the next step after that after they make a list of all
34:09
the Bitcoin? Miners, where The located and
34:11
how much energy they use. What happens when governments
34:15
make lists everybody. So, my message to everyone today
34:18
is leave my Bitcoin toaster alone.
34:22
Okay, I like it, I like, I like my toast toasted on that sweet.
34:28
Sweet Asic heat. All right, leave it alone.
34:31
Leave my toaster alone, okay? Leave it alone.
34:36
Toaster Opti what's what are your thoughts on this and move
34:40
onto stack? Well, first and foremost.
34:42
You stole my jugni code. I was the one that wants my
34:46
toasters to be left alone, shouts out to all the Bitcoin
34:49
toaster Runners out there. And then of course, chefs out
34:52
there Cynthia lummis or Loomis. She did a great job and I think
34:58
it's kind of a point to what stack said, where you know,
35:01
having more bitcoiners in office say what you want about
35:03
politics. But it obviously Ali is
35:05
beneficial for everything we're doing here.
35:07
And personally, I really, really, really loved that last
35:10
question. How is she just like, cut the
35:12
guy off with like wait, hold on, hold on.
35:14
Let's get someone from the inside.
35:15
That understands what energy uses doing.
35:18
Is this beneficial? And she's just like yeah I don't
35:20
want to talk for everyone but yes, obviously it is.
35:23
So, you know, us we've been here talking about this on simply
35:27
Bitcoin consistently. We bring people on the show to
35:30
explain the energy use, we brought the receipts from the
35:34
Bitcoin. Counsel that Bitcoin mining is
35:37
good for the environment. Like Bitcoin is the greenest
35:39
industry period. We brought the receipts we
35:41
continue to bring the receipts Bitcoin users the most
35:43
Renewables out of any other industry.
35:45
And Niko's also kind of brought up the question like why do we
35:48
as bitcoiners have to jump through hoops?
35:50
That no other industry has to and it really is highlighting
35:57
what is going on over here. Like I'm not going to nitpick
35:59
the Merit of you know, Bitcoins use of Renewables.
36:02
Because why do we have to justify our energy?
36:05
Use like this is malthusian AF and people can freely use energy
36:09
as long as they're paying fair market prices, like, why do we
36:13
have to justify our energy use? Obviously the market, and all of
36:17
us out here, have found reason to use electricity to run
36:21
Bitcoin. Obviously, there is value to us.
36:25
And who are they to tell us? That there is no value in
36:28
Bitcoin, like, controlling energy in my opinion.
36:31
Humble opinion is just an attempt at controlling behavior
36:34
and controlling. Society goes and you can't
36:36
convince me otherwise like the benefits of Bitcoin far outweigh
36:40
any of these energy concerns and even going down that rabbit hole
36:44
Bitcoin uses a very small amount of energy and the
36:48
disproportionate attention that Bitcoin Miners and Bitcoin.
36:51
The network itself gets just makes no sense.
36:54
Unless you frame in what Nico and I always talk about the fact
36:58
that they are afraid, they're scared.
37:00
They understand that Bitcoin takes away their power of the
37:03
money printer and it Snaps back our money to reality.
37:09
You need to Anchor the Bitcoin Network to energy use so that we
37:14
can get back to reality like attacking Bitcoins.
37:17
Energy uses just an emotional play and playing on the
37:20
heartstrings of the uninformed. So proof of work is necessary.
37:25
And like you said, man, that that question whether he said oh
37:29
you know we don't need we don't need energy, use to have a
37:32
crypto or blockchain, it's like man.
37:35
You are so misinform, like there is a real world cost to produce
37:38
money now. And this is good for society.
37:41
This is good for the future of humanity.
37:44
Yeah, 100%, And what Opti said and leave my toaster alone,
37:48
anyways, stack, what are your thoughts on this, bro?
37:51
And I love how she died sick to those questions.
37:54
Wish it came out of with Little Caesar special was just sniffing
37:57
sniffing sniffing and then she came with a hammer like, oh,
38:00
boom! On your head.
38:01
That was so good. I have to say this stuff.
38:04
You have to question. Charles, why don't we pick
38:06
kindness? After justify our energy usage.
38:09
It's very simple guys. Banks around the world.
38:12
You think Biden is the president of the United States?
38:15
Hell no Goldman Sachs. BlackRock, those are the guys
38:18
that are running the country. And Bitcoin doesn't major
38:21
damages there. That's is why they spending all
38:24
the money and throwing all the fog and go into Congress and
38:28
spending all the money to just distract destroy misinform.
38:32
You know, it's crazy out there, it's going around global Ali.
38:35
What economic forum is trying to pull punches SEC is trained up
38:38
punches. The phase of trying the
38:40
pointers, they are trying to destroy this technology, the
38:43
solution that gives us all our freedoms back.
38:46
They don't want us to have it, but we know our eyes are open.
38:50
So it's going to be too late for them now.
38:52
So yes, simple answer the bank's control everything and we're
38:55
trying to get our lives back. Now let's go to the topic about
38:59
the missions, right? When you look at New York City,
39:03
all the skyscrapers mostly big Banks, do they tell the banks to
39:08
report on the emissions? No today, no.
39:11
The US military that protects the entire field system.
39:14
We don't tell the militia to start tellin us, okay.
39:16
How much does the B-2 bomber emit into the skies, each time?
39:21
It flies. Nobody talks about that and
39:24
during the show, yes, you guys have talked about gold.
39:26
That is the original. What we human beings are the
39:29
original proof of work. Work.
39:31
But if we are using gold and we used to use gold as a form of
39:34
currency, before they still not questioning the use of gold
39:37
today. Even if we use it in other
39:39
Technologies, you're not talking about Tesla, you're not telling
39:42
Tesla to tell you how much time each car emits cabins into the
39:48
environment. So the answer to the big issues
39:51
that they want to control the entire with the people and the
39:55
environment through proof of stake and they're not coming to
39:58
you directly to your face. To say, oh, we want proof of
40:00
Take, so that we can Implement our CBD.
40:02
Sees our Escape Route from the current Fiat system.
40:05
They just want to use a different storyline to
40:08
accomplish that goal because the say, oh you know what, probably
40:11
walk, it's not good. Here's the fact is the rule of
40:14
nature. Bravo.
40:16
Walk is simple nature. Not not money should not be
40:19
created out of tin here it has to be done through walk.
40:22
That's why Bitcoin is real money because it's work before, the
40:26
money becomes real. Before you can spend or use it
40:29
Provost take allows Them, there's people that will put on
40:32
Congress put in power and the bankers to just print money out
40:35
of tin here. You see how power just as tight
40:38
destroy the entire stock market and just one speech in one day?
40:42
That is what they want. They are going to destroy your
40:44
store of value and the moment out of the field and have access
40:49
to your day-to-day use of that currency.
40:52
We don't want that. That is why we are on this show.
40:54
That is what we do on our show and that's what you guys doing
40:56
as well. So, that's the one that we're
40:58
trying to get out there that do not allow To be misinformed.
41:02
That's a lot of information out there that is like your go to
41:05
MIT and they talking about blockchain but the talking
41:07
approve of stick. Come on man.
41:09
You know better than that. Bitcoin is the answer 100%.
41:13
Bitcoin is the answer and this is the first, this is, this is
41:16
the first attack. I think the the tack that
41:18
they're going to get away with a little bit.
41:19
More is the attack on self custody.
41:23
I think that's the next one coming up and guys if you are
41:26
taking self custody, you have to put your Bitcoin seed on metal.
41:30
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41:48
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Twitter DM. If you guys have any questions.
43:12
Awesome. Well Stacks is already been
43:15
going off. You kind of covered some of the
43:17
questions that I was going to cover but I do have some more
43:20
stuff. First and foremost tax is also a
43:22
Bitcoin content creator. And I think this is just
43:25
highlighting what we say. All the time, the importance of
43:27
putting your hat in the ring and creating the content spreading
43:30
the signal because hey, it's something, you might say will
43:34
resonate with people out there and I went over your Twitter and
43:38
I watched some of your videos and I got this.
43:42
This meme from you and I'd really like for you to elaborate
43:46
a little bit because you kind of touched on it.
43:48
I really love how you guys put this.
43:50
You and your partner said something on the lines, I might
43:54
be paraphrasing but this really resonated with me and you said
43:57
the world is tired of Fiat, oppression.
43:59
And Bitcoin is the solution and this is something we talked
44:01
about all the time. We just have never put it in
44:04
that clear sentence. So why is Bitcoin important to
44:08
you? Why have you put your hat in the
44:09
ring to spread Bitcoin signal? And it's the world waking up to
44:13
bitcoin. Put on your me to give me the
44:18
address. I happen to love growing up in
44:21
Nigeria. Show you guys a paid attention
44:23
to what's going on in Africa. I've been here since I was 13
44:26
years old, so it's been fun being an American.
44:30
So from my from explaining Bitcoin to Americans, they don't
44:34
see. They just see it as a way to
44:35
make money. Let's go make money, you know,
44:38
it's almost like to them, it's like, investing in the stock
44:41
market, they don't see the definition of money or the store
44:43
of value, even though they know they're getting taxed and
44:46
inflation. Is killing your money every day.
44:48
They just don't get it. But for those Nigerians and
44:52
Africans in Kenya and Ghana all over the all over the continent,
44:55
dips in the pressure, like we literally get impressed by the
44:59
leaders, fear on the building bases Spidey by the police.
45:02
When I'm sure you guys have the body, all dancers situation.
45:05
You had about the in error and the CBC PT, sister, the trying
45:08
to implement their, imagine a world where you work so hard in
45:13
traffic sweating bullets and you get this money and you stole it
45:16
in the bag. But then the government says,
45:19
oh, the IMF of told us to implement see bdcs.
45:22
So we're going to implement this thing called the entire.
45:24
But then they tell you to put all your money back in the bank,
45:27
or your current courses back in the bank.
45:29
But then the tech not tell you, you can only withdraw 45 dollars
45:31
a day. Imagine that, right?
45:34
That's the major depression. And matter of fact, you can
45:36
trust someone, you have brought. It's like, there's so much
45:38
limitations and the trying to force people to use this new
45:41
digital currency. When there's still a ton of
45:43
people that were there are still on bank that would rather use
45:46
physical currency. See.
45:47
So Africans would better understand Bitcoin the cost of
45:50
solar remote there on mobile phones.
45:53
Now though they better understand Bitcoin because the
45:55
city operations every day and they want to be able to store
45:58
their value every day without some of the comment and internet
46:02
it or controlling the access to it or out.
46:04
They can use it. I was in Nigeria in December,
46:07
it's crazy. Like I can't even go to the bank
46:10
and withdraw my money. They limit the amount of money I
46:13
can withdraw out of the bank. This is my money.
46:15
Like, what the hell? So, That is where that came from
46:18
you. I love it.
46:21
This is something we say all the time.
46:23
Like if it is our money, then we should be able to do what we
46:27
want to do with this money. I didn't know, we were all just
46:30
grown and grown children out here.
46:32
But anyways, I digress, a few more awesome memes and talking
46:36
points that you guys talked about all the time.
46:39
Is this idea that that I definitely spread on this show
46:43
as much as possible and in Twitter spaces?
46:45
But again, I like how you guys are able to put this into to
46:49
these memes and you said combining technology and money.
46:53
And these are our tools to fight the system and to have them
46:56
Freedom Tools in our power. And I was just like man how did
47:00
I never think of the obvious like this.
47:01
I'm just combining technology and money and this is why it's
47:05
going to catch like wildfire and really separate what is going on
47:09
in the world from, you know, Freedom money to the Fiat
47:12
system. So what's your ideas on this?
47:14
I think this was your your co-host that mention this, but I
47:18
love the meme. Anyways, yeah, I think that came
47:21
from the fact that if you're an IT person but we're both from
47:24
the IT background. So we understand the impact of
47:27
the internet. How the internet has brought,
47:30
many people access to information like everybody's
47:33
watching us right now because of the internet.
47:35
And when the internet was first implemented, it was just rig
47:38
text video images that you have video, then eventually had
47:42
audio, and then it's for improve to us, use and restream, and
47:46
using all these different technology.
47:48
But now even Better that same technology has brought us
47:51
Bitcoin whereas instead of us just reading and obtaining
47:55
information, information is currency is literally said data
47:59
is the new oil and even better data is money.
48:03
We are money, but the money should is generated out of work
48:07
like you don't even like what would you do right now is proof
48:09
of work, real life proof of work on the internet.
48:12
So to answer that question that's basically the next level
48:15
we are. Literally way Advanced that most
48:17
people right now. If you're a bit One day, you'll
48:19
understand the next level of information, which is your
48:22
currency, the ability for you to move it back and forth, anywhere
48:26
around the world, without some central control that tells you
48:29
or this is our legislation. This is our Sovereign power.
48:33
You cannot move that there are that information or that money
48:36
around and that is where we're going to notice that that just
48:39
get your sovereignty feedback, get your ability to store your
48:42
value and move it. Without all this unnecessary
48:47
controls that have been put in place.
48:49
Just remember the internet losses is pure Greek in the 90s
48:53
because of we allowed this big corporations and big Bankers to
48:57
now have full access over the internet.
48:59
I really believe that the internet will have solved the
49:01
money issue a long time ago, but now we have Bitcoins to solve
49:04
that problem as well. Absolutely, love it, man.
49:07
I couldn't agree more. And then again, one more meme
49:10
that you guys that I'm stealing from you and it's something that
49:13
I say all the time. But I just again, I like how you
49:16
guys are framing this. It's a Building Wealth through
49:18
Bitcoin. Then it's the easiest way to
49:20
build wealth. Just provide the value save and
49:22
Bitcoin and repeat. And I just love how you just are
49:26
being the same drum. I've been saying this
49:27
consistently for a while is hey, the best way for the average
49:31
person to build, some wild is just saving him Bitcoin.
49:35
So how what's been your experience?
49:37
How is Bitcoin, change your life and are you seeing this happen
49:40
to your friends and family and the people you are orange
49:43
pilling Yes, I think on the African continent.
49:48
I think a lot of what am I saying, that already, the fact
49:50
that they can still be able to spend their savings with the
49:56
high inflation of the environment.
49:59
Even though, everybody is saying the price action go down,
50:01
they've created this background economy, where they still live
50:04
to access and utilize the monies that they have and to be able to
50:08
make purchases back and forth. That is a great impact.
50:11
Great advancement for me though. I've Been accumulated.
50:16
So even though the price, actual everybody looks at the price
50:18
action, but you have to look at the future of contents.
50:21
Don't look at Bitcoin as if you're looking at the stock
50:23
market. That's a totally different story
50:26
because what you have to look at when you look at Bitcoin is that
50:28
you are buying your freedom for the future for future
50:32
Generations which is one of our 10 stack is that you know,
50:36
building generational wealth, building future assets in the
50:39
digital space because we're not being able to able to convert
50:43
our The G, our physical energy into a virtual space where it
50:47
cannot be stolen from us by taxes or inflation.
50:51
So yeah, you are building future wealth even though.
50:54
Today if you're looking at the price action is down, just look
50:57
at it as compared to the influence of the inflator impact
51:00
of the u.s. dollar and it keeps going down.
51:03
Bitcoin has steadily steadily been going up.
51:05
We just missing current for then challenges and Market
51:08
situations, macroeconomics that impact on the market.
51:12
Thanks to this shit corners. But I'm sure we're going to
51:15
survive this as well. Hold on, hold on.
51:22
David snacks. I couldn't agree more.
51:25
I absolutely love the way you are able to communicate this
51:29
message and you know kudos to you and continue to spread the
51:33
Bitcoin signal and you know just do your part.
51:35
This is all we're doing as content creators is just trying
51:38
to explain to people why they should Bitcoin and how Bitcoins
51:41
going to benefit their lives. And I think you are, he's been
51:44
spitting a hot fire. Everyone's like yellow stacks on
51:47
Fire today. So she's got to you bro.
51:50
Stack are you stocking stuck in a bit?
51:52
Baby is the right answer. If you didn't say that, we would
51:59
make you disappear like this. What's that?
52:02
What are you talking about? Anyways everybody let's get to
52:05
the review. We have a lot to talk about, but
52:08
before we get to that, leave my toaster alone, The daily meme
52:16
review brought to you by Kaboom racks.
52:19
I get this question all the time.
52:20
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52:22
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Kaboom. Alright guys.
52:45
Well this is the meme of you. This is your portion favorite
52:47
portion of the show where you tag Us in memes, you drop them
52:50
in our telegram group and we highlight them on the show.
52:53
But today, I am doing this a little different.
52:56
So this might be a little lackluster for you guys.
52:59
But we dropped a template Tuesday, yesterday, and we
53:02
didn't mean Bounty for 21,000 SATs and it kind of blew up.
53:07
So I'm going to highlight some of the comments.
53:10
I'm going to show you the The winner.
53:13
And then I think we had, I think we had a scandal on here, Nico.
53:16
I think we have a little Scandal on the meme review.
53:20
But anyways, first and foremost for those in the audio, you can
53:24
see here, template Tuesday. We make meme.
53:26
You make magic, and we have this picture of Keanu, Reeves holding
53:30
a piece of paper and then we have everyone just going
53:36
completely bananas in the chat. So the first one hat tip to does
53:39
coin. He goes Keanu, Reeves with the
53:41
it. Miss wrong one here against
53:44
Bitcoin, you're against Freedom. It says, if you're against
53:47
Bitcoin, you're against Freedom. Absolutely love it.
53:49
So let's keep going down a few of these, this one.
53:52
Again, this one's kind of funny. My wife left me for Opti and
53:55
then said there is no second best Kaiser, ripping up dollars
54:03
on the piece of paper. We got an Inception of Keanu,
54:07
Reeves, please rise. We got wait, ordinals are not
54:11
rare sight. That's in the files attached.
54:13
As inscriptions are easy to copy and reproduce.
54:15
We got five Bitcoin and try Noster.
54:17
We have literally, I think there's a puppy's face on frame.
54:23
We got Liotta laughs, we gotta there is no second.
54:27
Michael Sailors, he's smiling. Wow, another there is no second
54:33
best, Dusty wind spicing. This one, I literally don't know
54:38
what that one means. So avoiding this one, I don't
54:40
know if this one means anything. They're continuing on, we have
54:44
Jack on an ostrich, this one's actually pretty good.
54:48
Cbc's have the destructive potential to produce inflation
54:51
at level faster than ever experienced before Google Sonic
54:53
inflation, to find out more. Okay who saw some sauce?
54:57
We got a 21 JC, I'll keep it Corner slavery, you got debt
55:02
slavery and a big Corner over here, the world going to shit.
55:06
And then some more this is High Time preference.
55:09
This is a scam Bitcoin is not crypto, take the orange pill.
55:12
Bill. And then I think we played this
55:15
one yesterday. Let's see this.
55:17
Last one, just dropped today. And then I'm going to go into
55:20
the controversy and I winner, I do Bitcoin since the elite
55:23
proved and verify, they are incapable of making good and
55:26
sensible decisions for many. This one's pretty good.
55:28
We got rickrolled. Never Gonna Give You Up.
55:35
We got some more orange, pilling we got some more.
55:39
I'm once again asking for your support.
55:41
Okay. Use the orange pill.
55:43
All right, here is the controversy shouts at the
55:46
sublime. Creates you said, I probably
55:48
won't win. Oh God!
55:50
And then, when I posted this morning, I said we are
55:53
market-based and you are not ahead of the lags.
55:56
But look at this, like how? And I am, pretty sure.
56:04
Anyways, shouts out to our boy wine.
56:08
I honestly, he's the one that told us, hold on.
56:10
Let me, let me put this Sin in full screen so you guys can hear
56:14
the audio. I'm almost positive that wine is
56:18
rug pulling us on this one because he's the one that told
56:22
us to do this meme review, template for SATs and somehow he
56:28
won like, guys, what is going on?
56:31
How did wanna kiss win this? He's obviously had this planned
56:34
and you guys liked his name the most so anyways you guys can see
56:37
it in here. Which one's the best crypto acid
56:41
will Bitcoins for the script OS. Okay what's the second best?
56:44
There is no second past, there's no second best crypto acid.
56:48
There's a crypto asset is called Bitcoin, right?
56:50
Right. There's no second.
56:53
All right, well I guess I guess wine one.
56:55
The 21,000 SATs in-house memer. Apparently he's dropping the
57:00
best memes to win sad. July Nico.
57:03
He's rug pulling a should we rug?
57:05
Pull wine man. Jeez, he's scamming us.
57:08
Absolutely. Ways wine will send you them
57:10
sides and I think we'll continue doing this.
57:12
I don't know what was orchestrated, like, why don't we
57:15
wine plan this out? I bet you he got a bunch of
57:18
people, you know, wherever he's at right now.
57:20
And like did he pamp disliked it?
57:22
Just like my sweet. Just like my sweet, you know?
57:24
But shout out to the triple Elite memes.
57:26
Crew, that that that the bought likes absolutely hilarious.
57:31
You guys almost got us and then I told RPM, like Opti check to
57:34
like the 12, the best part is I commented that and I had like 15
57:38
likes and I'm Like, yeah, it's market-based if you get more
57:42
likes by the show and then I like look back and I'll shoot
57:45
him. Like, wait, how does it have 270
57:47
legs? What's going on and bought the
57:49
Bots. You guys are hilarious, but
57:51
that's hilarious. Alright.
57:52
Anyways, drop your main review, score in the chat and we will
57:55
cover it. My mean review score Nico.
57:57
I may have, I may have a shown you the guys this when I was a
58:02
non but I forget. So anyways, we're doing it
58:05
again. This is my Kershaw pocket knife.
58:09
If you know, you know pocketknife.
58:11
Yeah, I don't know. It's not really a pocket knife.
58:13
It's a flip and I'm gonna give it some 3m's earplugs that come
58:16
with a bit plates when you stamp it.
58:18
They give you are protection because of how loud it could be.
58:21
Like, anyways stack, what would you give those those memes?
58:28
What's your score? Let's Make You full screen.
58:33
A roaring lion saying freedom, I absolutely love them.
58:39
Anyways, guys, before we get to the meme reviews, we want to
58:42
tell you about our awesome merch sponsor Opti.
58:45
And I wear the clothing every single day, it's extremely
58:48
comfortable. If you see me in the airport, I
58:51
am nine out of ten times wearing this hoodie.
58:54
This is simply Bitcoin. Merch shop T is wearing the
58:56
simply Bitcoin t-shirt up to you see peaceful.
58:59
Look at the trop in the truth bombs from the B-17.
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Guys check out represent LTD.com and you could take advantage of
59:07
the promo code simply Dash. And get yourself a big discount,
59:11
anything on the store anyways, Opti, let's get to some of the
59:16
scores Igor. I give those memes and Asic slow
59:19
cooker. That's right.
59:20
Ladies and gentlemen, stay with me.
59:22
Leave my toasters alone, Elaine score, my meme.
59:26
My red pill turned orange. Alright.
59:29
Next one next one, keffe boy, I give those memes the crumbs from
59:34
my toasters crumb tray, my real toaster, not my Bitcoin toaster
59:39
Yeah. I mean, do you guys hear if you,
59:42
if you put a toaster crumbs in an Asic, it makes it more
59:45
efficient Thomas, I didn't say that.
59:48
As a joke. Mom mom, berkut says, I give it
59:51
a nice cool energy, drink, I love that.
59:54
I love that. I'm sorry for mispronouncing.
59:56
Your name, you guys know the deal, it's Nico Opti singular
59:59
and thirsty. A be score.
1:00:01
Absolutely Savage memes, especially the one about cold
1:00:06
storing in the area. That Opti, did we let one fly in
1:00:14
there? We let it fly.
1:00:15
I didn't read that one. Come on, okay, Bitcoin, Becca, I
1:00:19
give these memes one abandoned gas.
1:00:21
Well, turned into a Bitcoin mining rig very, very nice.
1:00:25
Very, very nice. Next one, I think this is the
1:00:28
last one. Old-school Millennial, adq Ruiz
1:00:32
blizzard and a large fry for lunch.
1:00:34
Very, very nice. Love the scores, but I forgot
1:00:36
the epic music. Oh, shame on me.
1:00:40
Lack in. Check out, Simply Bitcoins
1:00:42
telegram groups, absolutely free.
1:00:43
Shout out to Darth coin for holding it down.
1:00:45
T dot, me slash simply Bitcoin TV and of course the news
1:00:48
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1:00:51
to her awesome group of riders. So many of you guys too many to
1:00:54
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1:00:57
And if you want to support simply Bitcoin, feel free to
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And of course if You want to listen to the audio version of
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1:01:16
remember to read the fountain comments tomorrow.
1:01:18
It's been the third day, man. No, I'm gonna, I'll just go
1:01:21
longer on Friday. All right, well, no longer I
1:01:23
will dedicate a portion of the beam review on Friday.
1:01:26
Yeah, my bad, my bad, I keep forgetting to, we do appreciate
1:01:30
you guys on Fountain. All the love, I think, you know,
1:01:34
we're consistently in the top 20, top 30 of the fountain
1:01:37
charts. And that is all Thanks to you
1:01:39
guys. We really appreciate the love
1:01:41
and Opti will get to your comments this Friday.
1:01:46
Anyways, thank you guys for joining us.
1:01:47
Another episode of Simply Bitcoin live.
1:01:50
Thank you so much to our guests for joining us today.
1:01:52
Why don't you tell everybody what you're working on now days
1:01:54
and where people could find you online?
1:01:58
Yeah, we also working on a Bitcoin dode sticking some wow.
1:02:03
Of course, there's so much misinformation out there, so we
1:02:07
also want to improve data Education and Bitcoin.
1:02:10
So we'll be trying to create more content with that our faces
1:02:14
of put on YouTube for people out there as well.
1:02:17
Yeah. And that's basically what we're
1:02:18
trying to do right now. Just keep in this simple and
1:02:20
pushing the wall out there, try to educate people.
1:02:24
Go out to communities talk to people as much as we can, to
1:02:27
educate them on what is money. I think that's the biggest
1:02:30
grinder right there. Once people understand money.
1:02:32
It's easy for them to understand why we become 100%.
1:02:36
So where if people were to search for you where could they?
1:02:39
What's your what's? Yes, yeah, yes, that on YouTube.
1:02:42
Usually, you don't see that just look for stack.
1:02:44
You'll see how face this is the logo.
1:02:46
So it's using so stock with to K.
1:02:49
So as ça que es ta ke. Yes, awesome.
1:02:53
Yeah, we got been on Instagram for, for preaching, the gospel.
1:02:57
So, whatever it is. We are you?
1:03:00
Well, Facebook, we don't use it that much, but what usually on
1:03:02
Twitter stack Fin and then on YouTube step, awesome man.
1:03:07
Fighting the good fight. Thank you so much for joining us
1:03:10
today man. Really appreciate it, guys.
1:03:12
Thank you so much for joining us.
1:03:13
Another episode of Simply Bitcoin live if you want to
1:03:16
continue the party. Oh, looks like the spaces got
1:03:18
rug today are on, hold on. We did spaces, just rug me, but
1:03:22
I just spun it back up. So apologies guys, blame
1:03:26
Twitter, not me. Anyways, guys, if you want to,
1:03:30
you want to continue the party opt.
1:03:32
He's going to be holding it down until 2:00 p.m.
1:03:34
Eastern Standard Time. Join the spaces hangout discuss
1:03:38
talk. About Bitcoin.
1:03:39
That's what we do. That's what we that's what we
1:03:41
that's what we do every single day we fight the good fight.
1:03:44
Anyways, love you all. Thank you so much for tuning in.
1:03:45
Hit that like button. Hit, subscribe and we'll see you
1:03:48
tomorrow for a brand new episode of Simply Bitcoin live.