Latest / Simply Bitcoin / How Financial Censorship Kills People, Bitcoin Fixes This. | EP 454

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How Financial Censorship Kills People, Bitcoin Fixes This. | EP 454 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments, welcome
0:08
everyone. We're simply Bitcoin, we break
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down the news. The daily fail meme review,
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software releases, Hardware releases and the websites by
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plebs. All right, we're diving into the
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numbers. Let's do it.
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The block head is 720 1407 the Bitcoin price 40, 1215 chain
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rewrite days 739 total public lightning capacity, In 530 1.72,
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Moscow, time, 24, 26 blocks that happening 111,000 593 and the
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samurai Whirlpool unspent capacity, Samurai Whirlpool is a
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coin join or collaborative spend service and is not a mixer.
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The unspent capacity is 4419 85 very, very, very cool stuff.
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The numbers, the numbers Purrs dude.
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And a little observation or a couple observation?
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No, I mean, it's not really an observation.
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It's the thing that I keep reading, I'm gonna say this
1:40
until the day that it happens. Okay, that Samurai Whirlpool
1:44
that shit is going to be be made illegal one day.
1:46
I'm telling you, bro. They're gonna demon that even
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though it's not a mixing service, right?
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It's a coin, right? It's individuals like Joining
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their transactions. I totally butcher.
1:57
I'm sorry, leave Iran. So yeah, it's not a mixer,
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right? But that doesn't mean that the
2:02
government or the state isn't going to see it that way, right
2:05
as Bitcoin continues to take more power away from them.
2:09
Anyways, Phil check this out. Very interesting website it was
2:15
recommended to me by Gooseman. We have used it in the past but
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I think they did an update to the website.
2:21
So this is the Clark Moody dashboard but more so
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Mining-related. So this is, you know, this is
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the network data, right? Big.
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I mean, Phil went through was going to call you Bitcoin.
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Phil already went through some of these.
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So, you know, the market cap, seven hundred seventy eight
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billion hash price. Very interesting 19 cents USD
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Network cash rate 260 206 X hashes block rewards 6.31
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Bitcoin and I know a lot of you are like, isn't it 6.25 well,
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yeah, plus the actual fees that are included.
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In the block. So, it's a little bit.
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It's like .06 higher fees in Block, not point nine, nine
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percent Network difficulty, I don't know what the T stands
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for. Anyways, estimated difficulty
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adjustment 5.45 percent blocks in Epoch 614 2000s that I don't
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think that number changes Phil. Oh, okay.
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That's how much it. That's like a progress bar.
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Interesting. Yeah, average block per second,
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nine minutes, 29. It's very, very cool.
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Estimated High, having estimate, May 3rd 2024, it's near my
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birthday. Anyways, this is also really
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interesting Asic. Asic index data and look, the
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price of miners has gone down and this is the actual Bitcoin
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Asic price per model. This is the s19, right?
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You can put the S9 in there, right?
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And it has different Dynamics is very, very cool stuff.
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Tough. Right.
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I remember this, by the way, I never forget this.
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Dude, I bought an S9 in November of 2017 and December.
4:05
I flipped it for it was, it was, it was a little bit less than
4:07
that was, like, really, like, $2500, but I bought it for like
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half the price, but then, look at what happened, right after
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this was, dude, I saw so many pleb miners get into Bitcoin
4:17
mining in this, in 2018, the beginning of 2018 because they
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saw this and they got totally wrecked, right?
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But it's really interesting. Thing because the Dude, the s19
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is still on the come up. It looks like well, the price is
4:31
still on the way down break rig, Prado rig price and BTC, oh, I
4:36
didn't notice that. Anyways, that's so I love the
4:39
deflationary effect of Bitcoin the Bitcoin price has gone down
4:43
but the USD price has gone up. I think it's a I'm going to end
4:46
it with that. I think that's a beautiful
4:48
analogy or representation of Bitcoin.
4:50
Anyways, I thought you guys would find it interesting.
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It's different. It's not your usual Hopi.
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Mmm, But it's a lot of mining metrics that usually people
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don't see and I love the graphs and the images, because I think
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it, I think one thing is reading the numbers.
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But once you see a graph, it like helps you visualize what
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you're looking at bill. So 206, Tara hashes.
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Now if I'm not mistaken, right? We have been trending above the
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all-time high now, for how long, at least, at least a month man.
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Yeah, but let me know, let me know.
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Also hold on nothing. Not introduce opium not
5:26
introduce opium. But we're trending.
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We're trending at this all-time high on the hash rate.
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Okay, and the price and like mr. Bitcoin just won't die, right?
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Like, it's like you see these dumps.
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Like, not that it makes a difference but if you're
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watching the day-to-day action, which I can't help.
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But do I really can't? I love.
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I think every one of those I think everyone does dude.
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But some people really don't though, some people are really
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good about it. Some people don't look at that
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chart at all. And I applaud them because I
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just I'm a week, okay. Hey, I'm weak and I have to
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watch it and I gotta say every single time it's spiked down, it
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has just pulled right back up and again, not speculating on a
6:06
positive surprise or a - surprise, but I am saying that
6:10
we are holding up very well for the current timeline.
6:14
So anyway, I agree, very pleased, very 100%.
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I 100% agree and this is a visual representation of what
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you're talking about. For at least the hash rate,
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right? Right here where my cursor is
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that. As the China banned.
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According to this estimate, we were at 181 EXA hashes.
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And now, right? It's trending upwards, right?
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That's undeniable. So, you know, and you guys know
6:37
the theory, right? Theoretically the higher, the
6:39
hash rate, theoretically, the more secure Bitcoin is so you
6:42
all you want that to go up forever.
6:45
But anyways, Phil, it's time for the daily fail.
6:48
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smart, weight, stack sets. Guys, we can also be fails,
7:12
right? We're not perfect.
7:14
And we get tons of shit wrong and sometimes I don't even
7:17
understand what our fails are about, okay?
7:18
Anyways, Copernicus, son, who may or may not be, or I may or
7:24
may not be his Alias. We're not really sure his
7:27
doppelganger who knows. Anyways we just can't operate
7:30
the same space. All right, so he tagged Us in
7:33
this, he thinks it's daily fail. Worthy, Nico.
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You're going to Explain this to me, let's take a look at this
7:40
Nico. Take self custody of your
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Bitcoin. Also Nico, if you wanted to do
7:44
some shady stuff on the internet, perhaps maybe the
7:46
Privacy thing could be more important, okay?
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I don't understand 100%. Why this is a fast and we were
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talking about this before the show and I still am not 100%
7:58
sure why this is a thing. So I think that there's some I
8:01
think that perhaps you could interpret that as a little bit
8:04
of of of its Conflicting right? And maybe it's one thing is you
8:10
know canceling out the other, okay?
8:11
So let me kind of let me elaborate a little bit more by
8:14
what I mean by that. Okay.
8:16
So you have a lot of bitcoiners and for sizing the importance of
8:20
privacy. I think that what I think that's
8:22
a disservice to anybody that is getting into Bitcoin because
8:27
they spin up a narrative in their mind.
8:31
The most important thing that you could do as a Bitcoin ER is
8:35
take self custody. E, Right, comes second, right?
8:40
And it look at and I think privacy is very important,
8:44
right? That's why I run my own node,
8:45
right? That's what I meant by node is
8:46
connected through Tor, right? But in terms of what a lot of
8:51
other bitcoiners are advocating for which is the mixing
8:54
Services, first of all, they're expensive, right?
8:57
You know they take a percentage of your Bitcoin, right?
9:01
Second of all what you will be what you will see.
9:05
Look I don't I don't sell Bitcoin.
9:07
Personally, but let's say in your particular situation, you
9:11
want it to sell Bitcoin and you mixed your coins and you sent
9:15
them to a kyc exchange that kyc exchange could flag those coins
9:20
as mixed, right? And again, it's not that they're
9:23
not anything wrong is that they're trying to protect
9:26
themselves from the government, right?
9:29
So I think that privacy is very important and that's why I run
9:32
my own note. I think that the mixing services
9:35
are important in certain types of Relations.
9:39
But I think that the most important thing that you could
9:42
do with your Bitcoin even if you don't run your own node is take
9:46
that Bitcoin into self custody, meaning you're the only ones,
9:50
the only one that knows those private keys, right?
9:53
Whether you write them down and whatever, Which Way Methodist 12
9:56
words, 24 words, you put them on paper, you put them on steel
9:59
with the cipher, safe, whatever method you prefer.
10:04
It's very important that you take self custody because with
10:06
self. City comes the power of your
10:09
money. If you don't have self custody,
10:11
the power of your buddy actually belongs to the bank, it's not
10:15
really yours. You have to ask the bank for
10:16
permission, right? Are you have to actually
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exchange permission? Can I use my money please,
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right? But as we saw in Canada and as
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we're going to see in the news a little bit, that's a lot of
10:27
power that you're Outsourcing to somebody else.
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Don't be caught in that situation.
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My two cents. So copper Nixon which is really
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fills all sore. You go, I hope, I answered
10:37
Question you did answer my question Niko.
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Thank you, you're welcome. Now, we're talking to each other
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through memes. That's awesome.
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Okay. Okay, moving on, here we go.
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We're about, you know what the next one.
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The next one I wouldn't expect to see this until an 82, not
10:55
like an 80% drawdown in Bitcoin, but I guess I guess, I guess the
11:01
pain happens a little early. We're that part of the cycle.
11:05
Yeah. Where we are at that part of the
11:06
cycle here. We go, that's right, Nico.
11:10
Let's watch this. This vid.
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It looks like it's a, it's an ad.
11:14
He's, it looks like he's doing a little add speech.
11:16
He who's he? Who's he, we're talking about
11:18
will Clemente. Who is a, like, a Bitcoin
11:21
analysts that gets brought onto Pompa lothal?
11:23
Yeah, as a poncho Pomp's. What is that?
11:27
That the the young guy that's coming up?
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There's a reason he's a lead insights Analyst at the Block
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waves. That's right.
11:35
That's right. Okay.
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So let's let's dive into this. A lot of you are holders.
11:39
East. And if you plan on hanging on to
11:41
that precious teeth, long term and it's a great time to think
11:44
about staking a teeth with Bach, where Solutions staking, your
11:47
Ethan, a block where Solutions validator node is one of the
11:49
safest ways to earn rewards while having full control of
11:52
your assets. A lot of you are holders of
11:54
each. All right, before we dive into
11:57
the the full story. Like I said, I don't usually
11:59
expect to see this type of behavior before 80% draw down
12:03
but we're at like a 50% actually less weird like a 40-something
12:07
percent drawdown. and chilling eat when he's been sitting here
12:12
for like how many years just doing Bitcoin, charting Dude, I
12:17
don't know, man. This is like, you see.
12:18
This is the kind of cringe behavior that we end up seeing,
12:21
and I do feel bad for a lot of the people that, that, by into
12:26
the technical analysis, narrative, look, technical
12:29
analysis is not entirely incorrect people do make money
12:33
with technical analysis, guess what?
12:35
They, for the most part, they do this as a full-time job, okay?
12:41
So when you're watching somebody like him, talk about Bitcoin,
12:44
just realize he's It's likely not looking at it through the
12:47
same lens that you are looking at it, okay?
12:51
So that's why I get very worried when following these
12:53
technicians, when they tell you this is a goodbye area.
12:56
This is a good cell area, something that we've said on the
12:59
show before, which is something I'm going to repeat, is that
13:02
everybody has different goals. Everybody has different
13:05
timelines. You need to figure out what's
13:07
right for you and listening to these technicians.
13:10
To me. Anyways, has never been a
13:12
profitable Venture, okay. Yeah, let's be real.
13:17
Okay, let's be real for a second.
13:19
All the block analysis people, the blockchain and working
13:22
catastrophically wrong and totally wrong one.
13:26
All of them, Holly, whoo, you know, Plan B will Clemente, you
13:33
know, Dylan, and dude, and some of those people.
13:35
I'm friends with this is, there's nothing wrong with being
13:38
wrong. It's that they were, you were
13:40
being Wrong. You were wrong.
13:41
So, clearly this chain analysis which was hiked to be the next
13:46
big thing, right, wasn't what it was cut out, it wasn't what it
13:50
was sold to you. As so look, I also acknowledge
13:55
that Wills a young kid and he obviously he wants more corn,
13:58
right? It is a sponsor, but I want to
14:01
point something out, right? And we get this comment a lot,
14:05
right? Which is like, you guys should
14:06
have so many more subscribers you guys, whatever.
14:08
Guys it's incredibly difficult. Difficult to grow on YouTube and
14:12
keep your soul. Okay.
14:14
Very few. People do that with B is soon as
14:17
you start selling shit coins because you know they're
14:20
bullshit, right? You know, you make a lot more
14:22
money, you got a lot more views, right?
14:25
So it's incredibly difficult to essentially balance that now,
14:30
with will, he's a young guy, right?
14:31
He's, and he's hanging out with pomp, he's hanging out with
14:34
these people. That have a lot of wealth, bro.
14:37
So that's a hell that dude. That is very Very alluring,
14:41
right? That is very, very attractive,
14:43
right? So think about these
14:45
self-control that that kid would have to have, you know, not to
14:49
pursue those things. But you know, look, if he was
14:53
older, I would give him a little bit more shit, but the fact that
14:56
he's 20 years old, he's hungry, you know, makes me look at this
15:00
from a slightly different perspective because dude, you
15:03
know, it's hard. It's hard to make it but yeah,
15:05
man. It's unfortunate because again,
15:07
this goes by to the thing that we said about Tom Brady.
15:11
This is an external external validation of eith.
15:15
So if you are getting it to the space, you're just joining
15:18
Twitter. You see, Clemente has that many
15:20
followers. You see, pump, bring him on to
15:22
show. That's telling you.
15:24
This is a, this is a resource. This is a guy that could trust.
15:27
This is a guy that, you know, I could potentially look up to
15:30
write maybe if I'm 13 14 years old and he's talking about, he's
15:33
precious eat. Holy crap, let me buy some eith,
15:35
right? That is a complete to service
15:37
dude. That sucks, you know, but I
15:41
can't blame him for. Why do the stack more corn?
15:46
No no I can't blame them for wanting to stock more corn but I
15:48
can definitely blame him for Schilling eith.
15:52
But anyways it's okay there's plenty of Schiller's.
15:54
He knows he definitely knows but he knows you.
15:57
You could tell you can tell there's zero passion in that
15:59
read. Yeah.
16:00
But you know I personally and of both of us we couldn't do that
16:04
bro. One of the first things that we
16:05
said I'd rather shows like dude it's like we can't and I said
16:09
this at the bigquery conference to When I spoke last year we
16:12
can't sell ourselves right? If not us, then who write like
16:17
exactly. Like dude, I don't know.
16:19
Anyways, okay, what's the next fail?
16:21
Let's keep going, don't worry? This just gets more and more
16:23
cringe as we go down here. Let's move on to the next one
16:28
but got medibank defy, that sounds like a pile of crap.
16:35
Metaverse to have a new lender the world's first shit, coin
16:39
based Bank, lucky us. All right, A decentralized Bank
16:45
unique benefits of decentralized finance and to facilitate the
16:49
development of simple and dependable digital banking
16:54
procedures. This just This article you'll
16:57
see, as I read through this, you're going to start to feel
16:59
that feeling like you're standing in slime, right?
17:03
That's because it's the same Fiat banking speak that we're
17:06
used to these you know words that are sophisticated enough
17:10
that will make you feel like if you don't know enough and if
17:13
you're not confident enough, they're going to make you feel
17:15
good as though this makes sense, but really, it's a pile of crap
17:19
to keep you in this system that you know, that these people
17:24
control. Anyways, let's continue.
17:26
Continue here, the concept envisions a society in which,
17:29
all people are equal and can live and learn freely.
17:33
Regardless of color, gender, ethnic origin, sexual
17:38
orientation language, proficiency or immigration
17:41
status, medibank stated in a news release.
17:44
Oh, so you mean they should just all be using Bitcoin is what
17:48
you're saying? All they all they need to do is
17:50
use Bitcoin because it already exists and it already fits all
17:54
of those narratives Bitcoin. For everyone already.
17:57
Anyways, this is just such garbage.
18:00
All right, let's continue JPMorgan.
18:02
The largest bank in the United States announced last month.
18:04
That it had become the first bank to enter the metaverse.
18:07
I'll now we understand where this business speak comes from
18:10
having created a lounge in decentraland, a blockchain based
18:14
virtual world, lucky us virtual banking in the metaverse as if
18:21
as if that picture of the slave sitting there on the on the
18:24
mattress with absolutely. Nothing but the Oculus headset.
18:27
On couldn't be more alluring. Now, you could be banking in the
18:31
metaverse. Whoo, do tell.
18:35
I mean, this is psychotic, man. All right, here we go.
18:38
Meadowbank said, the objective of medibank is to implement
18:41
these centralized banking in to assist consumers.
18:44
In, truly, grasping the concepts of virtualization, by
18:46
introducing them to the metaverse and empowering
18:49
individuals who can choose their own financial terms.
18:53
That we got the good words, we got empowerment financial terms,
18:56
Security. Here we go.
18:58
It's going to feature a virtual, bank Healthcare gaming casinos
19:01
as well as a virtual mft Marketplace art and
19:05
entertainment. Wait a second.
19:05
I thought nft was our, it doesn't matter.
19:09
Anyways, the bank will also have their own token.
19:12
Boom, gotta have a shit coin, right?
19:14
Got to be able to control all the Mindless fools in our shit
19:17
coin casino. Okay, so you saw those beautiful
19:21
words that I read to you, write the inclusion it's for everyone
19:24
that doesn't matter the gender. Under, we're going to give you
19:27
your own financial terms, okay? But on the other side of
19:30
JPMorgan, there's this this is the other side of JPMorgan.
19:34
So think about all that inclusion, they were just
19:35
talking about and let's take a look at this JPMorgan freezes,
19:40
you know, swap Founders account but but my inclusion inclusion
19:46
founder of, you know, swab and don't get me wrong, we hate the
19:48
shit coins. Can't stand them, but you know
19:50
what? He has a right to transact.
19:53
I may not agree with him. I may think that what he's doing
19:55
is ridiculous but Has a right to transact.
19:57
He has a right to do whatever he wants.
19:58
In the banking system, he has a right to store his value whether
20:01
I agree with him or not. Anyways, Hayden Adams recently
20:06
had his account closed by JPMorgan Chase in a tweet Adam
20:10
stated that the financial institution had done so without
20:13
giving notice or explanation of their actions, the move by JP
20:17
Morgan isn't surprising considering several businesses
20:19
offering crypto related Services have been D banked with no
20:23
reason late last year and in the first weeks of January, Larry
20:26
this year, if you're not familiar with what the banking
20:29
is, it is what financial institutions such as banks are
20:32
using to terminate or deny services to particular clients.
20:36
In this case, the clients are individuals and businesses in
20:39
the crypto industry. The law allows financial
20:42
institutions to deny your terminate services to customers,
20:44
however they need to State the reason for doing.
20:46
So for example, financial institutions can terminate
20:49
services to a customer that is engaged in making illegal
20:52
transactions such as money laundering, So, they get a slap
20:57
on the wrist, they pay the millions of dollars.
20:59
They continue to do business, but you you get the banked, you
21:02
go to jail, your family, your family gets screwed and you all
21:06
become trash, okay? There you go.
21:09
But then you get a slap on the wrist business continues because
21:12
all they're too big to fail, think of, think of all my jobs,
21:15
it's so disgusting. Anyways, anyways, look So, I
21:19
want you guys to think about this, right?
21:21
That is the inclusion. Okay, there's the inclusion,
21:23
there's the gender, there's the equality, there's all of this
21:26
crap, but in the real world, in the real world, they are the
21:30
banking people. If you think for a second that
21:32
they're not going to be Bank people in the virtual world in
21:35
the meta verse. If you think that you're not
21:37
going to become a meta slave or like a melody Bank, poor person
21:42
over there. You have another thing coming,
21:44
okay? Because that is all new levels
21:46
of control, all new levels, and It's that.
21:50
So it's funny. That was a, that was a meta fail
21:53
and the metal has been the medibank.
21:56
It's funny a decentralized bank. The actual, the word bank is
22:02
the, it's a paradox decentralized meant.
22:05
It literally does not make sense.
22:07
As a bank, obviously, it has to be centralized to be a bank,
22:10
right? It literally contradicts itself,
22:13
but it's exactly what you said. It uses all the financial, he's
22:16
right to like spin it and try to sell you on something.
22:19
And now, in terms of the D banking, dude, yes, they're
22:22
hiding behind the moral virtue. They're hiding behind the
22:25
inclusion. They're saying that they'll say
22:26
that Central Bank. Digital currencies are going to
22:28
enable all these great things, but it's all a facade.
22:31
It's all fake. It came out with the Canada
22:34
protest. It came out where we're going to
22:35
cover in the news Afghanistan. It came out with the Ukraine.
22:39
It came out as soon as shit hits the fan.
22:41
You know what they do? They freeze accounts, right?
22:43
So, you can talk about inclusion, you can talk about
22:44
all that, bullshit. Let me, let me tell you guys,
22:47
some facts. Okay?
22:49
El Salvador. Bitcoin hasn't even been legal
22:52
tender. Maybe it has been about a year
22:55
right. There are more downloaded
22:57
Bitcoin wallets than there are bank accounts in the country.
23:02
Why do you think there's no more bank accounts?
23:07
The KY caml system excludes half of the planet when you advocate
23:15
for kyc and am L your advocating for a system that deems just
23:20
because of where people happen to be born.
23:24
They are not worthy of a bank account, that is what you're
23:28
advocating for. When you advocate for that
23:31
system, it's very easy to see that system from the perspective
23:35
of someone living in the west and you're like, oh yeah it has
23:39
to happen that way. You don't see the unintended
23:42
consequences, you don't see the dirty other half.
23:46
So yeah man I look he wasn't shit pointer but the end of the
23:51
day. Right?
23:51
What is that thing that famous quote by Voltaire?
23:53
Might not agree what you have to say but I'll die protecting it
23:57
same with Bitcoin, right? I might not agree who you
23:59
transact with but I'll die fighting for your ability to
24:04
transact with anybody freely. So yeah, man, it's and what was
24:10
that Jamie dimon was like I'll never buy Bitcoin.
24:12
This is look at him, look at him, he's building fake bags for
24:15
fake money in a fake World. These people are just go,
24:18
they're scumbags and they don't play by the same rules that we
24:21
peasants. Do, they have other rules, but
24:23
Wasteful, if I have rules, but anyways, Phil it's time for the
24:26
daily meme review brought to you by Citadel 21.
24:30
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Get your print of Citadel 21 today before it runs out.
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First meme is brought To Us by the legendary I say legendary
24:51
because she is, she She's an artist and she makes them
24:55
awesome little things and maybe them all the time.
24:57
So, shout out to Lena, sheesh. Oh, I'm out of money.
25:00
Oh, time to buy the dip. Yay, I got my salary.
25:03
Oh, I'll wait a little and by when it goes down so inflation.
25:07
Oh whatever. I just bought so many ways.
25:10
Oh, it's so true, right? It's like as if it like times
25:15
it, right? It's like they it's let anyways,
25:17
okay? This is why it's important to
25:18
d.c. a anyways. The next week is brought To Us
25:20
by / trucker bitcoiners No corners.
25:25
Do you understand how fuck to ha.
25:27
Ha ha. It's true.
25:29
It's true. I completely agree.
25:31
Which is why not, right? I'll op.
25:33
Yes. This is.
25:34
Yeah, it looks like you're experiencing unprecedented
25:36
PlayStation. Would you like help sell my car
25:40
euthanize? My dog?
25:41
Try bugs. Instead of meat?
25:43
Don't show this tip again. That is absolutely okay.
25:49
It's it's interesting. It's a throwback to clippy.
25:51
I mean look II. Yeah.
25:53
Enough will appreciate it, I was seven.
25:55
Okay, yeah, exactly. Okay, here we go.
25:58
Michael, he's been on the show, the Bitcoin space is three main
26:01
Fields. The, the one within the cross
26:04
sections of each field is where you will find different
26:07
subcultures below the Venn diagram of what the landscape
26:09
looks like. You know what?
26:10
This reminds me of shout. Shout out to Giacomo.
26:13
He did a big mazing presentation, a ton confiscate
26:16
obol and that's what this is based on.
26:18
Oh, that's what it's based on what he?
26:19
Yeah, he did. And he actually tighten his long
26:22
thread. He actually tags.
26:23
Go and everything and Giacomo comes back and provide some some
26:26
yeah, you could see right up there.
26:27
He provides them some feedback. But dude, that's an amazing
26:30
diagram and it's yes, very well done.
26:32
Revolutionaries austrians, speculators disruptors,
26:36
engineer's cypherpunks, you know?
26:39
Perfection that very cool. It's very dangerous when you use
26:42
the word Perfection human beings.
26:44
Yeah, it's very, very, very slippery.
26:46
Slope anyways. Main Street Bitcoin, my empty
26:50
bank account. Watch me buy more.
26:53
It's true. It's true.
26:55
You gotta buy Bitcoin even though even though you don't
26:57
have that money in your bank account if you don't have
26:59
overdraft fees you are not a Bitcoin or.
27:01
Anyways, next one, by uring sung fixed it plebs newcomer arriving
27:08
on bitcoin to crypto guys, vegetarian, communist, virus,
27:12
Believers, Antigone cameras, goba shareowners.
27:17
It's so true. Look at some of these, I don't
27:19
agree with but it that the general gist of it, absolutely
27:22
hilarious and For that fill because of how hilarious it was.
27:26
I'm going to give it. And this will bring memories to
27:30
all you guys thus taper brand that was in your classroom, you
27:36
know, the one that goes like that the Swingline, you know,
27:39
the one that has a little thing underneath and you used to be
27:42
able to switch out, the Staples, were that you played with, when
27:44
you're a little kid that stapler, anyways, go to one.
27:49
Would you give those memes? I like that.
27:51
I like that solid score. Okay, you know, what's love the
27:54
memes? And for that I am going to give
27:56
it a very iconic thing. Iconic.
28:00
It's a sticker but it's what's on the sticker?
28:02
That's so iconic, right? It was Nicholas door.
28:04
Yeah, who said this? Two-bit pay.
28:07
All those years ago in the sticker is by B Co right.
28:10
And what did he say? He said this is lies.
28:12
My trust in. You is broken.
28:13
I will make you Obsolete and he did his whole team did not just
28:18
him but BTC pay server made them obsolete.
28:21
Fuck they just don't they don't know it yet but they're pretty
28:24
obsolete. I love BCC pay when I remember
28:27
when I went to B Block, boom, it was Two years ago, I I said that
28:31
and I still stand by. That is one of the most
28:32
important projects in the space, right, read and I encourage
28:36
everyone to specially. If you have an online store to
28:39
adopt, something like this, you don't have to go through a third
28:41
party, right? Yeah.
28:42
So very, very cool stuff. But anyways, guys, we want to
28:45
know if you agree with our scores you just re let us know
28:47
down in the comment section. Make sure to subscribe to us on
28:49
alternative video platforms like Bitcoin tv.com.
28:52
And of course Rumble.com we like big Quincy because they don't
28:55
censor their and of course, join our telegram group linked us
28:58
someday. Bitcoin memes to review.
29:00
So we can review them on the main review because the Bitcoin
29:02
review. And if you didn't have memes
29:03
we'd have nothing to review. But anyways Phil it's time for
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29:28
all Right. So I look, I have no idea, but
29:36
this is the flag of Honduras. Is what Max Keiser is
29:40
referencing. I don't know.
29:43
Obviously, he's implying legal tender for anyone.
29:46
That didn't understand. That's all I have to say about
29:49
that. I don't know.
29:50
I have no idea. I, you know, obviously Max is
29:53
over there Maxis AC or no Salvador all the time.
29:55
So they must know something. Obviously in the friends with
29:57
now so Samson so I'd like I'm maybe Probably know something I
30:01
don't but let's, let's wait till the official announcement, shall
30:06
we? Okay, anyway, I'm not even going
30:07
to make that part of the video. Nothing, that's not even going
30:10
to be incorporated. So because I'm not gonna go down
30:13
that type of clickbait, okay? Anyways, but it could be a
30:16
potential pop, it could be a potential possibility potential.
30:19
Anyways, this is a follow-up to yesterday.
30:22
We had this huge data breach major Bitcoin companies were
30:28
affected like Unchain Capital you had you know shit coin /
30:33
Bitcoin company block fi you had NY dig, you had Swan.
30:37
So this was horrible obviously, you know, HubSpot is a
30:40
third-party service and this is their explanation for what
30:44
happened on March 18th. We learned that a bad actor
30:47
comp, no shit compromise, the other spot employee account
30:50
while our investigation is still underway and we continue to
30:53
learn additional details. Our initial assessment suggests
30:56
that data was exported from fewer than fewer whew.
31:01
Fewer. Oh hey, could have been 50, but
31:05
it was 39 T. Sell the sizzle.
31:07
Me covid. All of whom have been notified.
31:10
No. Do you just have to be honest
31:12
and transparent. Anyways, at this time we believe
31:14
this is this. Why?
31:15
I like the response from Swan? That's why I like the response
31:18
from Unchained. They were straight.
31:21
And to the point, there's like a business, the emphasis on
31:23
expose, this is what then exposed.
31:25
We're sorry. We're going to do better, you
31:27
know, et cetera, et cetera. This is a PR stunt same as Look
31:31
fi this is a PR stunt, right? Anyways, at this time, we
31:34
believe this to be a targeted incident focusing on customers
31:38
in the cryptocurrency industry. We have terminated access for
31:41
the. I hope so for the compromise,
31:43
HubSpot employee account and remove the ability for other
31:46
employees to certain actions and customer account.
31:49
We take the privacy of our customers and their data.
31:51
And no. You don't though?
31:53
No, you don't know. You do words words that that was
31:57
where I've read. Like, I felt like I was reading
31:59
something that a politician. Up with like that's what it
32:02
sounds like like and then if you compare that with the ownership
32:06
of Swan and Unchained, they owned it right?
32:09
That isn't owned. That is like passing the blame,
32:12
right? It's like yeah, this happened.
32:14
We're kind of stuck. It's just happened.
32:16
You know, it's the cryptocurrency industry like I
32:18
don't know. Dude, left a bad taste in my
32:20
mouth. I thought you guys would find
32:22
the on Doris and the HubSpot thing.
32:25
Interesting. Phil, what are your thoughts on
32:27
potential on Doris? And I Know It has nothing in
32:29
that. I know they don't relate to To
32:31
each other, but a bunch of them up.
32:33
They don't need to, they don't even need to relate to each
32:35
other, but they're both look. They're both good points.
32:37
Number one that tweet from Max. Not the first time I've seen
32:39
Honduras mentioned. Not the first time, are we being
32:43
trolled, right? We've seen.
32:44
We've seen this happen before. Where fake accounts, right?
32:48
The meemers do a great job of switching their accounts up and
32:51
making it look like the Prototype.
32:53
But it's Max though. It's know.
32:55
I know, I know it's Max, right? And and we and I have seen the
32:58
mention of Honduras. So Look, we'll wait until we
33:02
have something official, right? That we can actually say but
33:04
this is the rumor around the the rumor mill right now, uncle so
33:09
unconfirmed on confirmed on confirmed.
33:11
Now I'm sorry my short-term memory goes away.
33:15
The Hub spotting HubSpot. Yeah, okay so the HubSpot
33:19
response look, I worked for Fortune. 500 company.
33:23
I know exactly I know exactly the legalese.
33:25
There are departments departments that specifically
33:29
craft these There's this is what they do.
33:32
Okay, this is what they come up with.
33:34
They have groups of people or a person in the company that comes
33:37
up with this. And then they end up having the
33:39
round table with several managers, where they all sit
33:41
there and decide on the language, right?
33:44
Then they switch up the words and make it all look wonderful.
33:47
But look at the end of the day, they don't give a shit about
33:50
your privacy. What matters is that?
33:52
They were caught. Okay, HubSpot was caught.
33:56
That's all and the fact that they tell you that they've
33:59
removed the account information, Ian make no mistake, they have
34:03
no idea how deep that leap goes, okay, like I know exactly how
34:07
this works. They make these statements, to
34:10
quote unquote. Get out ahead of the issue but
34:12
they have no idea how long that's really been going on.
34:16
And now they're going to start doing their investigation right
34:19
now, they're going to start to figure out, so don't get me
34:21
wrong. But we may be hearing from
34:23
HubSpot in a couple of weeks, maybe even a couple of months
34:28
with a little bit more clarification on.
34:31
This. Absolutely I'm so glad that you
34:34
gave me the Insight because I know you do I know you did.
34:37
So it's like yeah man. Like getting into them.
34:40
Oh man, it's a dude, it's such a jargon.
34:42
It's such BS. Anyways guys.
34:43
So I have a big story next but we've been covering it
34:47
tremendously. One article we haven't covered.
34:51
But the reason that I want to cover the other two articles or
34:54
just kind of skin by them is so that you guys understand that
34:59
the media has a capability Bility of crafting a narrative,
35:02
right? And right now, they are turning
35:05
that capability and they're using it against Bitcoin.
35:09
They have, in fact, we were from my understanding field, we were
35:14
one of the only channels that predicted successfully that they
35:18
were going to use Russia to try to attack Bitcoin.
35:21
And that's exactly what played out.
35:23
We predicted it. The New York Times article
35:25
dropped and then Elizabeth Warren with the proposed Bill
35:29
where she's, you know, she wants.
35:31
The band self custody, she wants to kyc all minors, but miners,
35:34
don't have that capability. So that they wouldn't evade
35:37
Russian sanctions. I want you to pay attention to
35:40
the hypocrisy though. Okay, so, check this out, right?
35:44
So first, I'm going to share this article.
35:48
How Ukraine embraced cryptocurrencies and response to
35:52
war. This is from the financial
35:53
times, okay? So very Legacy Media, powerful
35:57
propaganda arm 100%. Now, check out this title oh,
36:01
Russia could use cryptocurrency to blunt the force of us
36:05
sanctions? Do you see where I'm going with
36:07
this? Ukraine.
36:10
Okay, Russia bat. Do you see?
36:15
So this New York Times Russia could use crypto currency to
36:17
blunt force of us, sanctions how Ukraine, and Brace
36:21
cryptocurrencies, and response to war.
36:23
Now, another observation you would not have noticed this if I
36:27
didn't point it out but because I have to do this every goddamn
36:31
day and I love it. You start to pick up on
36:35
patterns. Okay anyways let's check out
36:37
this article right. You guys Is no the rhetoric.
36:40
I'm not even going to reiterate if you guys been watching the
36:41
show, right? You guys know how Elizabeth
36:44
Warren feels about crypto, how they're using Russia to attack
36:47
crypto, how they're using all this stuff to attack it.
36:51
Get ready to have your mind blown because look at how
36:53
different they're trying to paint the narrative here.
36:57
It was a plan hatched in haste on the second day of the
37:00
invasion, Ukraine's, digital transformation Minister.
37:03
Not even going to try to pronounce that.
37:04
Federoff turns to his Deputy, instructing him to set up an
37:08
official government while it's that can accept payments and
37:10
cryptocurrency, as cues built up outside.
37:13
Cash points in supermarkets in. Kiev Alex, I'm not even a proper
37:17
nouns. That knew he could, he had to
37:19
move fast, our banks were limited There were restrictions
37:22
on our use of Fiat currencies and we were rapidly running out
37:25
of supplies. He said, even if you manage to
37:28
paint, Peyton Fiat, a wire transfer takes a few days to
37:32
reach the recipient in the crypto World.
37:34
It takes minutes. This is something that we've
37:37
been saying. This is something that the New
37:41
York Times and Elizabeth Warren completely leaves out.
37:46
They know they're gaslighting. You.
37:49
Yep. Ukraine has already begun and
37:51
bracing crypto before its war with Russia.
37:54
The country was ranked for for cryptocurrency adoption among
37:57
his citizens in a global index by Chain analysis.
37:59
The crypto research group last year, but the conflict has acted
38:04
as a catalyst for the government's and Bish ins to
38:06
build an Innovative blockchain friendly economy.
38:09
Led by a young team of techno Natives and government.
38:14
The government has raised more than 100 million dollars in
38:16
cryptocurrency donations since the start of the war.
38:21
Not a problem. This is it more doesn't say
38:23
anything about that. That's okay.
38:25
In fact they could raise it through directly through
38:27
Twitter. No problem.
38:30
While this is a small, this is small compared with the billions
38:33
of aid from Western. Here's the plug.
38:35
Here's the plug, pay attention guys to the narrative.
38:38
While this is a small compared with the billions, in aid from
38:41
Western governments and the IMF Ignore the fact that this
38:47
country was able to raise money from Millions upon Millions upon
38:51
millions of people around the world that believed in the cause
38:55
you still need the bureaucracies of governments.
38:59
And the IMF burn-off said, crypto had become an essential
39:02
tool of War allowing Do you see Russia, bad Ukraine?
39:10
It's okay for Ukraine. It is a great achievement of the
39:14
government that we have young leaders.
39:16
We are more enthusiastic and willing to accept challenges and
39:19
attitude he believes has been instrumental in implementing
39:22
this crypto policy. Do you see how their
39:25
cheerleading Their cheerleading because it happens to be
39:30
Ukraine. But with Russia, Russia bad now
39:37
again. So I wanted to point out the
39:39
narratives that they're trying to paint how they're using the
39:41
different perspectives, right Ukraine, we support crypto
39:45
Russia, we're against crypto now.
39:48
What are the consequences of this system?
39:52
What are the consequences of literally?
39:55
Having D banked, right? Russia.
39:58
Having D. Banked Afghanistan having deep
40:00
their system because this is a system, right?
40:02
Look, what they're Educating for in this thing is crypto is bad
40:06
because Russia can use it. That same idea is what is behind
40:12
the idea of sanctions. You always hear that.
40:16
The u.s. is sanctioning Russia, you always hear that.
40:18
The u.s. is sanctioning Cuba, but you don't hear the
40:21
consequences of it if they had a combined front, if both these
40:26
articles said, or both these Publications, major Publications
40:30
set, Ukraine is using crypto to pay for war.
40:36
Then you would say okay you know like okay it's a combined thing,
40:39
but the fact that they're picking and choosing lets you
40:43
know that they don't give a shit about that.
40:45
It's about power now. Let me show you the consequences
40:49
of what a system of sanctions and a system of.
40:53
I don't agree with the certain population, therefore, they
40:57
don't have the right to the financial system.
40:59
Let me read you about the consequences of that system.
41:02
Biden, sanctions on Afghanistan, threatened to kill more
41:05
civilians, Then two decades of War, what are sanctions?
41:11
They should not have a right to use our money.
41:16
Let's look at the real life consequences of that.
41:19
In fact, the real mistake was the opposite, the by
41:21
demonstration, did not end the war but continued, it by other
41:24
means which are turning out to be more violent and
41:27
destabilizing the economic sanctions imposed by the United
41:31
States and its allies are causing widespread, severe
41:34
hunger in the desperately poor country, unless those sanctions
41:39
are soon reverse, it is estimated that more people will
41:41
die from the economic impact of sanctions over the next The
41:46
number than the number who died in 20 years of war, if you are
41:51
advocating for AML kyc, that is what you are advocating for a
41:57
system of exclusion that causes misery for half the planet.
42:02
And I pointed and I pulled up the article from The New York
42:06
Times and I pulled out the article from the financial times
42:09
to point out the hypocrisy. If it's a, it's a regime that we
42:14
support, they could use the money.
42:17
If it's a regime that we're against, they can't use money.
42:21
You know what, the only thing that the Afghan he's have to
42:25
receive money from overseas. That Bitcoin, that is well, a
42:30
Bitcoin Cube up Bitcoin. Ukraine Bitcoin Russia.
42:35
No, no, they can't use Bitcoin. No one should have the right.
42:39
No single human or government or group of Elites should have the
42:43
right to get to decide if other people have the right to use
42:48
money or not. And when you self custody
42:53
Bitcoin, you are part of that fight, you're fighting it,
42:56
whether you realize it or not, your defunding them.
42:59
This is what we fight for its human Freedom, dignity, the
43:03
right to save for a better future, what the fear of
43:06
debasement and whether the without the fear of confiscation
43:10
That is the system that you're fighting for.
43:13
That system is causing real world poverty hunger suffering.
43:19
And when you're against Bitcoin, that's what you're standing up
43:22
for when you're standing up for the US dollar that article, that
43:26
is what you're standing up for. That's what you're advocating
43:28
for. So, beautifully said men,
43:33
beautifully said, so look, I'm gonna take a little bit of a
43:35
different angle on this. Do you know why they come up
43:38
with those types of Articles and, you know, why they come up
43:40
with all that contrarian material?
43:42
They do it to keep everybody divided and confused.
43:47
You see, confused people that are divided that are also
43:52
stressed out from two years of whatever the fuck we just went
43:56
through. Okay?
43:58
This this makes a bunch of people that really can't think
44:01
very clearly. Okay, that that's what it does.
44:03
It makes people who can't think very clearly and it makes it
44:06
possible for the people who had the means.
44:09
Right? To, let's say, go through that
44:11
whole situation, relatively, you know, unharmed, right?
44:15
Those people there in these positions of power and they're
44:18
able to make and push these narratives.
44:22
So here we are. Right?
44:23
The peons being completely confused.
44:26
Yes, that's right. Bitcoin can help the people that
44:30
you support and it can also help the people that you don't Bingo.
44:34
Okay. That's but that's how money for
44:36
everyone works, okay. We shouldn't be, you know, to
44:39
nicko's point, right? Bringing up that article about
44:41
Afghanistan, do any of those people really deserve to suffer
44:45
over to government's bickering. What did they do?
44:48
You mean what do those people do believe that those individuals,
44:51
right? Like those are, those are people
44:52
just like you and me. Those are people that grew up,
44:53
just like you and me, right? Kids dreams, all that good
44:56
stuff, but no because they're government is fighting with
44:59
another government. They are limited and they are
45:02
doomed to suffer in poverty until the country in power
45:08
decides that should be different.
45:10
Hmm. And and we consider this, we
45:12
consider this to be Humane and we consider this to be like, no,
45:18
this is, this is psychotic. It's psychotic.
45:21
We are crap, and we can be better.
45:24
Yeah. And, and the way that we are
45:26
better, is we have to You remove ourselves from the capability of
45:32
being able to do that and write it.
45:34
Only Bitcoin has been able to none of the shit coins.
45:37
Only Bitcoin has been able to figure out how to successfully
45:41
separate the monetary policy away from human beings.
45:46
I saw a tweet. I don't know if I'll be able to
45:48
find it, but I saw a tweet from a shit coin or the other day
45:51
said, etherium should be deflationary soon.
45:57
That means think about what that means.
46:00
That means that there's a human being that gets to decide
46:03
whether a theorem is deflation or inflationary.
46:07
We were tagged in an excellent. I think you maybe even posted in
46:10
the telegram. I think we're going to use it
46:12
tomorrow. It's an excellent fail on
46:14
exactly that topic. I was I'm not even gonna pull
46:18
up. The Tweet will cover it
46:19
tomorrow. Yes, I'll come in tomorrow.
46:21
But anyways, feel there was a website by please.
46:22
Why don't you show everybody websites by plebs or plebes
46:26
brought to you by Cipher safe? Check them out.
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Cipher safe dot IO, everyone has to store their seed.
46:33
Store, it the most secure way you can store.
46:35
Seat in the Cipher wheel or the all new Cipher grid.
46:39
They both come with temper resistant wire and the grid
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comes with a punch tool. Alright guys, this is a, and
46:45
again, I do apologize. Don't know who started it, but
46:47
it's really awesome. This is for chains dot-org.
46:51
I think this is pretty cool stuff.
46:53
This is essentially a throwback to the, you know, the of the
46:56
bulletin board systems, The Forum systems, right?
46:59
Makes us think of 4chan. Anyways, which is still around,
47:01
by the way. But let's dive into this.
47:03
This is lightning Bitcoin. Only cool stuff.
47:07
Welcome to four chains, a Bitcoin.
47:08
Only discussion board. We were sick of influence or
47:10
bullshit on Twitter and too many shit coin.
47:12
Spammers on / Biz, the try to try to keep post on topic.
47:18
Each post requires a small lightning Network captcha
47:21
invoice to be paid. Very cool guys very cool that
47:25
you're incorporating lightning with this.
47:26
We've put the link down in the show notes and of course guys we
47:33
mention it. Every episode, don't forget to
47:35
check us out. On our Audio, Only platforms.
47:38
Apple podcasts, Spotify, anchor, and if you want to stream of
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some SATs Fountain dot f m--. Awesome.
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Thank you for. All right, guys, before we go, I
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to do. Smash.
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Life party. And of course, if you want to
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continue hearing the bitcoin news from the Polly Platt
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perspective, definitely consider subscribing to Simply Bitcoin.
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And we'll see you tomorrow guys for a brand new episode.
48:15
If everyone's surprised that we haven't lost our minds, it's
48:18
thanks to bitcoin. Ha ha, this is a good one.