Latest / Simply Bitcoin / SEC Demands Coinbase to HALT Trading Except Bitcoin | EP 792

Transcript

SEC Demands Coinbase to HALT Trading Except Bitcoin | EP 792 · Simply Bitcoin

• 0:11
  Hello everybody. Welcome to Simba Bitcoin Live.
• 0:14
  We're your number one source for the peaceful Bitcoin revolution.
• 0:16
  Clear breaking news? Culturematic warfare.
• 0:17
  We will be your guide through the separation of money and
• 0:20
  state. Oh, things are starting spicy
• 0:23
  this Monday. Fiat times breaking news
• 0:26
  article. SEC asked Coinbase to halt
• 0:29
  trading in everything except for Bitcoin, CEO Brian Armstrong
• 0:35
  says. I remember us doing a video
• 0:38
  about this. It was maybe like a month or or
• 0:42
  two ago and we literally said that the coin based stock might
• 0:46
  go to zero and a lot of people got upset in the comments.
• 0:49
  The like and dislike ratio wasn't as high as it usually
• 0:53
  was. Maybe some people are holding
• 0:55
  coin based stock, but the reason that we came to that conclusion
• 0:59
  was based on wording and things and thoughts that Gary Genzer
• 1:05
  has set out publicly and he's basically said that everything
• 1:10
  other than Bitcoin is a security.
• 1:11
  And then we went over coin bases numbers and we pointed out the
• 1:15
  fact that they make the majority of their fees from all coins,
• 1:19
  they don't make it from Bitcoin. So clearly, their whole business
• 1:24
  model would go under if the SEC got their way.
• 1:28
  Now to be fair, they still need to go through a lawsuit.
• 1:31
  They still need to get a judge to sign on.
• 1:33
  We see Brian Brian Armstrong in pictures in Washington DC every
• 1:38
  other week. He obviously has a tremendous
• 1:41
  amount of influence. So it's not that simple.
• 1:46
  It's not like it's like Coinbase is just going to disappear
• 1:48
  tomorrow, that there's going to be a fight.
• 1:50
  That obviously happens now. So the the thing and I and and
• 1:55
  and it's kind of weird because I do see some bitcoiners not all
• 1:58
  like celebrating a little bit that like you know, okay, this
• 2:04
  is a security, you know, Yes. But The thing is is I, I, I
• 2:15
  would prefer Bitcoin winning on the free market like that.
• 2:18
  That's what I would prefer to be honest with you.
• 2:21
  I, I, I don't like, you know when the government kind of the
• 2:25
  the government intervenes and says what is the security, what
• 2:28
  is not a security. Now the other side of that
• 2:31
  argument is, you know, they just, there's there should be a
• 2:35
  level playing field because the traditional financial system,
• 2:38
  you know, plays by certain set of rules and then the whole
• 2:41
  Bitcoin and crypto sector industry plays by a different
• 2:47
  set of rules, right? So, you know, the argument is
• 2:50
  like, why shouldn't the crypto industry be held to the same
• 2:54
  standards as a financial industry?
• 2:57
  But the libertarian in me, the Bitcoin in me is kind of like
• 3:00
  look like I I I think that there's always unintended
• 3:04
  consequences to government intervention and I'm always
• 3:06
  skeptical of them. And perhaps that opinion might
• 3:10
  not be as popular with some people, because the reality is a
• 3:15
  lot of people do get hurt. You know, a lot of people do get
• 3:18
  hurt by these pump and dump scams, like the fact that
• 3:20
  Ethereum had a premine, the fact that XRP had a premine, right.
• 3:24
  And these are like large premines, right?
• 3:26
  Like 8080 to 60 to 80% of of the total supply is still owned by
• 3:32
  like the original founders or foundation or or whatnot.
• 3:35
  And then they just dump it on retail every Bitcoin cycle,
• 3:38
  right? So yeah, I'm divided on this
• 3:46
  ethically and morally. So let's see where this goes.
• 3:49
  I don't know, but we are here to cover it.
• 3:52
  Anyways, no more delay. I want to bring up our special
• 3:55
  guest today. Toma.
• 3:56
  How you doing buddy? I'm good.
• 4:01
  Thanks for having me. Thanks for joining us.
• 4:02
  And of course my legendary cohost, always optimistic, giant
• 4:05
  smile on his face. How you doing Opti?
• 4:08
  I'm doing good man. It's it's Monday, we're back.
• 4:11
  What's up everyone? It's your boys.
• 4:14
  We got another day and actually another week of putting in
• 4:16
  content. But yeah, interesting news that
• 4:19
  was very, very interesting to wake up to this headline.
• 4:22
  You know as as much as we are both anti statist.
• 4:27
  You know the SEC is doing their job out here and you can't
• 4:29
  really blame them, right? So like, hey, wouldn't want to
• 4:33
  be holding shit coins right now is all I'm saying.
• 4:35
  But This is why we're Bitcoin only.
• 4:37
  This is why we're simply Bitcoin, because that's the
• 4:39
  safest bet and you want to protect yourself and and you
• 4:41
  know, obviously we don't want to lean on government institutions
• 4:45
  to protect our bags, but hey. There are laws here, guys, and
• 4:50
  you can't just skirt around them by being a slimy shit coiner
• 4:53
  anymore. So hey, it is what it is.
• 4:55
  But I don't know, Let's get into the details Nico.
• 4:58
  This is going to be good, actually.
• 4:59
  Actually, culture for those that don't know, Toma is part of
• 5:02
  Wiser Bitcoin learning gamified app.
• 5:05
  But we'll get all into that today during the culture and
• 5:08
  we'll we'll break it down for you guys, maybe get you guys
• 5:10
  excited to download it and be a part of that cool ecosystem.
• 5:14
  But. Get into this one, Nico.
• 5:16
  Yeah, let's get into it. No more delay.
• 5:17
  All right, everybody, let's start the show.
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  At the time of recording the Bitcoin price is 29,235 sats per
• 6:53
  dollar 3421 block height 800,000, 800,000 and 192 blocks
• 7:00
  to having 38,908 having estimate April 20th 2024.
• 7:06
  Total Lightning Network capacity 4704 Bitcoin capacity value
• 7:11
  137,000,000. Realize monetary inflation
• 7:14
  1.76%. The market capitalization of
• 7:17
  Bitcoin $568 billion with the B Bitcoin versus gold market cap
• 7:22
  4.32%. My favorite 2 stats out of all
• 7:26
  of that is the realized monetary inflation of 1.76% and the
• 7:30
  Bitcoin versus gold market cap of 4.32%.
• 7:34
  Anyways, moving on to this, this is crazy.
• 7:38
  We talk a lot about this concept of the Overton window and it is
• 7:42
  slowly shifting. It is shifting towards bitcoins
• 7:46
  favor, this idea of self custody, this idea of a non
• 7:50
  state money and you know all the benefits that come with it.
• 7:54
  When you have the legacy corporate media not only talking
• 7:58
  about Bitcoin but also defending Bitcoin, it is kind of a big
• 8:02
  deal, right? And as is the case right here,
• 8:07
  you have a CNNBC anchor talking about the having.
• 8:11
  Now this is funny because all the change in tune and and all
• 8:14
  these things, all the change in tune and all the kind of defense
• 8:21
  of Bitcoin and all that only only happened after BlackRock
• 8:26
  announced, you know, the Bitcoin spot ETF.
• 8:29
  So maybe one has to do with the other, I don't know.
• 8:32
  But anyways, I'm going to play the video and then we'll talk
• 8:34
  about it. Let's check it out.
• 8:35
  Today we're going to 0 in on Crypt, which has outperformed
• 8:40
  even some of the most high flying parts of the market this
• 8:42
  year. Mackenzie Sagalos joins us now
• 8:44
  with a look at the potential risk and rewards ahead for the
• 8:48
  sector. Mac, it is great to see you.
• 8:50
  Hey, good to see you, Frank. So it's definitely a pivotal
• 8:53
  moment for the crypto sector. A crucial federal court ruling
• 8:56
  could stifle efforts by SEC Chairman Gary Gensler to wrangle
• 9:00
  what he calls the Wild West of trading.
• 9:03
  A judge in New York has cast doubt on whether the SEC has a
• 9:06
  clear path to regulate most altcoins as securities.
• 9:10
  That ruling largely viewed as a net win for altcoin traders, who
• 9:14
  feared an imminent crackdown from regulators, as well As for
• 9:17
  Coinbase, which faces its own legal battle with the SEC.
• 9:21
  The top 100 digital assets are up 48% this year, compared to
• 9:25
  17% for stocks and 9% for gold. Meanwhile, Bitcoin is
• 9:29
  outperforming the NASDAQ 100, as are crypto peg stocks like
• 9:33
  Coinbase, Galaxy Digital and MicroStrategy.
• 9:37
  But Bitcoin can't seem to break out from the $30,000 price
• 9:40
  level, One reason being there isn't much investor interest.
• 9:44
  We're seeing some support from institutions, but there's no
• 9:47
  real catalyst to drive the price either higher or lower.
• 9:51
  Things that would normally affect Bitcoin, such as the Fed
• 9:54
  raising rates are barely moving. The needle with the market
• 9:57
  appears to need is a return of confidence from retail and
• 10:00
  institutional investors. That could potentially happen if
• 10:03
  an ETF that directly tracks the spot price of Bitcoin is
• 10:06
  approved. Some of the biggest names in
• 10:08
  Tradfi are racing to be the first to offer one, including
• 10:11
  BlackRock. Now if spot ETF's get the green
• 10:14
  light, they could spur a buying spree as firms purchase Bitcoin
• 10:18
  to meet reserve requirements. We're also seeing movement on
• 10:21
  crypto legislation on Capitol Hill.
• 10:23
  And crucially, Frank, there is a technical event called The
• 10:26
  Habiting coming up next April, which typically marks the start
• 10:30
  of a bull run for Bitcoin. Art Mack, always great to have
• 10:33
  you here with your crypto expertise.
• 10:35
  Mackenzie Sagalos, Thank you very much.
• 10:37
  All right. First of all, I got to learn how
• 10:39
  to talk like that. Man, that was like, that was
• 10:41
  like beautiful, like, you know, like, you guys know what I'm
• 10:46
  talking about, right? It was like that, like,
• 10:49
  journalistic speak. It was so like, Opti, we we got
• 10:53
  to. We got to.
• 10:53
  She's a real professional. Yeah, we got, we got to take
• 10:55
  speaking lessons, bro. Okay, that's number one.
• 11:02
  Number two, yeah, I mean, first of all, she's done.
• 11:05
  She's done incredible job. She's covered amazing articles
• 11:08
  which we've used on the show many, many, many, many, many,
• 11:10
  many, many times. But I mean like if you look at
• 11:14
  it historically speaking, generally the year before the
• 11:18
  having, the first part of the year tends to go up and then the
• 11:23
  last part of the year tends to go down basically the entire
• 11:26
  time we start to crab sideways. So regardless of any outside
• 11:30
  forces, I think Bitcoin is doing what Bitcoin has historically
• 11:33
  done. The year before the having
• 11:37
  Bitcoin tends to go parabolic about a year after the having,
• 11:40
  nine months after the having. If historical patterns stick,
• 11:44
  that's that's generally what will happen, right, regardless
• 11:49
  of whether there's a Bitcoin spot, spot, Bitcoin ETF or not.
• 11:53
  Now I said the fact that, you know, the fact that they're
• 11:57
  covering this so much on CNNBC possibly had to do with the
• 12:00
  BlackRock ETF. I love how she brought it up in
• 12:03
  it. She's like, yeah, the the, you
• 12:05
  know, this might cause the price to go up and you know, she
• 12:08
  brought it up by name. So hey guys, there's no
• 12:10
  coincidences here. So I just got to say that.
• 12:13
  But anyways, it's just interesting how Bitcoin
• 12:16
  continues to get more and more coverage on the legacy corporate
• 12:19
  media. Now what's going to be really
• 12:21
  weird for us? OPTI?
• 12:23
  You know, especially people that you know, we, we were covering
• 12:26
  Bitcoin before it was cool, right?
• 12:29
  Is watching these, like, legacy corporate journalists slowly
• 12:33
  become bitcoiners that's going to be really fucking weird.
• 12:37
  Even the whole, even even speaking about that concept
• 12:40
  might seem a little like strange and what not.
• 12:43
  But you know what it want. What if they start holding
• 12:46
  Bitcoin? What if this whole BlackRock
• 12:48
  thing does happen? What if BlackRock starts
• 12:50
  sponsoring CNNBC? Like all these, you know,
• 12:53
  questions, right? And then you'll start.
• 12:54
  You'll start to hear these legacy corporate media
• 12:57
  journalists start to bring up the same talking points that
• 13:00
  Bitcoin Maxis have been using for the last couple of years.
• 13:04
  And I think that will be a very strange sight.
• 13:06
  But I think it will also be a testament to Bitcoins
• 13:08
  irresistible incentives. And I think that's why it's
• 13:11
  being talked about on CNNBC. That's why Michael Saylor is
• 13:15
  using it as an alternative to Fiat current currency.
• 13:18
  That's why 9 Bukele made made Bitcoin legal tender.
• 13:20
  And I suspect that next, having the next cycle, more countries
• 13:24
  are going to follow 9 Bukele's footsteps and more public
• 13:27
  companies are gonna follow Michael Sailors footsteps as
• 13:30
  well. So anyways, that's my take.
• 13:32
  What's your take, Opti? And then we'll move on to Toma.
• 13:35
  Yeah, First off, Mackenzie's been doing a great job.
• 13:38
  You know, she is part of the corporate press, so, So we won't
• 13:41
  hold it too too hard against her, but she's been doing a good
• 13:44
  job of pushing that Bitcoin signal out there for the normie
• 13:47
  lands to follow along and. What the having is like 270 days
• 13:53
  out, maybe a couple days less and you just love to see that
• 13:55
  it's being talked about on the corporate press as a bitcoiner.
• 13:58
  I think we've talked about this for years and now the Overton
• 14:02
  window is shifting where Bitcoin signal is part of the everyday
• 14:05
  news and you just love to see it.
• 14:06
  And I mean look like we are free market Maxis and we want to see
• 14:11
  Bitcoin win on the free market. But I don't think it is a
• 14:15
  coincidence that. All the other shit coins are
• 14:18
  getting wrecked right now. Like you wanna you wanna own
• 14:20
  something or saving something that was designed and rolled out
• 14:23
  in a way where it doesn't matter whether the government starts to
• 14:27
  attack it and you you know, it is interesting to see that ever
• 14:32
  since the BlackRock rollout or announcement the the tone has
• 14:36
  changed in regards to Bitcoin. And obviously there's Bitcoin
• 14:40
  and there's shitcoins, and you want to be saving in something
• 14:43
  that can't be stopped. And so it's just interesting to
• 14:46
  see the corporate press start to talk about Bitcoin in the way
• 14:49
  that we've been talking about it.
• 14:50
  Usually they're just talking about it like Bitcoin obituaries
• 14:53
  and all of the prices. You know, it's a bubble, It's
• 14:55
  tulips, and then it's died. And now they're like, wow, maybe
• 14:59
  this thing is sticking around. Maybe you want to get some, just
• 15:02
  in case it catches on. So.
• 15:03
  It does seem like the tune is changing and I think moving into
• 15:07
  the having and the post pump having, you know, history
• 15:11
  doesn't repeat, but it rhymes. It's going to be very
• 15:13
  interesting to see how everyone deals with the fact that Bitcoin
• 15:17
  won't go away. Yeah, 100%.
• 15:19
  TOMA, what's your take? No, definitely.
• 15:23
  I mean, you saw a clear shift in narrative since the the Black
• 15:26
  Rock spot, if you have application, even on the
• 15:30
  environmental side. There was this article from
• 15:32
  Forbes. I talked about the renewable
• 15:35
  aspect of Bitcoin, So I think it's nice to see this and at the
• 15:39
  end of the day, the way I see it is that BlackRock, they just
• 15:42
  assess their next action based on the feedback they get and
• 15:46
  probably they got a lot of feedback from institution
• 15:49
  wanting to get into Bitcoin. And for them it's, it's a
• 15:53
  question of making fees and and it's a financial decision for
• 15:56
  them. So that's positive I would say
• 15:58
  because if they do make this move, it means that they're
• 16:00
  confident that there's backing from institution and that that
• 16:03
  and interest when there is also, I'll take this as a positive
• 16:07
  sign overall. Yeah, 100%.
• 16:09
  And I I love how you brought up that that article from from
• 16:12
  Forbes and how the the change in narrative is just so you know,
• 16:17
  it's so clear as day for anyone who's been paying attention.
• 16:19
  But I think it's also an example of guys, this is what we're
• 16:24
  talking about, like this is this is the narrative trench warfare
• 16:27
  that we're talking about, the fact that they're able to change
• 16:29
  on a whim like that. You know, before BlackRock,
• 16:32
  Bitcoin bad, after BlackRock, it's actually not boiling the
• 16:36
  oceans. It's actually saving sea
• 16:38
  turtles. Like tells you everything you
• 16:40
  need to know about the integrity of the legacy corporate media
• 16:44
  machine and that, like, you know, and I think they're just
• 16:48
  paid propagandists to be frank. And I think the last two or
• 16:51
  three years alone, I've really showed that.
• 16:54
  I think if you've, if you've buried your head in the sand and
• 16:57
  you haven't been paying attention, perhaps you have a
• 16:59
  different take. But you know, the last, I think,
• 17:02
  you know, two years or so, if you've been watching any of the
• 17:06
  legacy corporate media channels, you know, you know, there's a
• 17:11
  lot of things that you're just kind of like that that isn't
• 17:14
  true. So anyways, but this is what the
• 17:17
  Internet is for. It is empowering individuals to
• 17:21
  talk directly to each other, kind of circumventing the
• 17:24
  intermediaries or the gatekeepers of information.
• 17:27
  And it's allowing the truth to to seep through regardless,
• 17:31
  right with. So there is a, there is a,
• 17:32
  there's a, there is a happy ending to this.
• 17:34
  We just got to wake enough people up.
• 17:36
  Like, wake enough people up from the information matrix, from the
• 17:40
  Fiat matrix and really wake them up and like, shake them up and
• 17:43
  be like, hey guys, it's not left verse, right?
• 17:45
  It's not Republican verse Democrat, you know, it's not red
• 17:48
  verse blue. It's green verse orange.
• 17:51
  The party of CBDC's nihilism, poverty and lack of hope.
• 17:56
  It's the party of Green and the party of of of hope and freedom
• 18:00
  and Bitcoin is the party of Orange.
• 18:02
  So anyways, we'll get to that. We'll get to that point.
• 18:04
  But before we get there, guys, I want to tell you about the
• 18:08
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• 18:11
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• 18:14
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• 18:16
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• 18:21
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• 18:24
  quickly before the prices go up. For a GA, it's 349.
• 18:27
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  tickets to Bitcoin 2024. Definitely don't want to miss
• 18:40
  it. And of course, Opti and I are
• 18:42
  going to be there as well. All right guys, let's get to the
• 18:44
  news. Let's do this.
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  your Bitcoin. All right, I'm going to start
• 19:28
  off with this, all right? Because we got a ton of crap for
• 19:31
  when we came out with this live stream killer cyan, he says.
• 19:35
  Nice clickbait title. And what was he referring to?
• 19:38
  He was referring to this title that we made four months ago and
• 19:45
  the name of the title is Coinbase Gets SCC Notice
• 19:47
  signaling Intent to Sue over crypto offerings and that was
• 19:53
  March 23rd, 2020 23rd. That was way before they
• 19:57
  actually sued them and that was we backed up our arguments with
• 20:02
  Gary Gensler's article. I think it's for the New
• 20:05
  Yorkers, some, some publication where he literally said like
• 20:09
  everything other than Bitcoin is a security and then he sends an
• 20:15
  intent to sue and then he sues. And then this just this article
• 20:20
  came out from the Financial Times.
• 20:22
  So this, this, this, this title. It wasn't clickbait.
• 20:27
  Like literally we were telling you what will happen if the SEC
• 20:32
  gets its way. Remember, Coinbase's business
• 20:35
  model relies on shit coin fees, right?
• 20:39
  Their whole business model relies on that.
• 20:41
  They've built a shit coin casino business.
• 20:44
  They didn't build a Bitcoin fee related business, right?
• 20:47
  They didn't build that. They focused on shit coins.
• 20:50
  They didn't focus on Bitcoin, right.
• 20:53
  But what I said in the very, very beginning, I'm a fan of
• 20:58
  Bitcoin winning in the free market and Bitcoin companies
• 21:01
  winning in the free market. I'm always suspicious of any
• 21:05
  type of government intervention. There is an argument to be said
• 21:09
  that, hey, okay to be fair, you know, the traditional financial
• 21:14
  system plays by a different set of rules than the Bitcoin, than
• 21:19
  the Bitcoin and crypto industry, right?
• 21:21
  They should be held to the same rules at least.
• 21:25
  But the skeptical libertarian bitcoiner and me is kind of like
• 21:30
  anytime I see the government do anything.
• 21:32
  But I understand and I'm aware of my personal biases.
• 21:35
  That's just my opinion. Anyways, let's get to the news
• 21:39
  of today. Financial Times.
• 21:41
  SCC asked Coinbase to halt trading in everything except
• 21:45
  Bitcoin. CEO says requests would have
• 21:48
  meant that quote end the end of the crypto industry in the US
• 21:52
  according to Brian Armstrong. So I mean there's a lot implied
• 21:56
  there the end to the crypto industry in the US and I think
• 22:00
  he is true, he is right. The Bitcoin industry would have
• 22:04
  survived. I think a lot of people can
• 22:06
  Mingo crypto with Bitcoin, a lot of normies and I I think a lot
• 22:09
  of regulators as well. And then not to mention the fact
• 22:13
  that inadvertently a lot of these crypto casinos would have
• 22:18
  been pushed overseas and we know what the CCP is doing is using
• 22:23
  Hong Kong for they're using Hong Kong as like this testing bed.
• 22:26
  Hong Kong is like with open arms with approval from Beijing of
• 22:30
  course saying hey businesses come over here Gemini come over
• 22:33
  here coin base come over here where you know laws I fair we're
• 22:37
  going to have light regulation and they're taking advantage of
• 22:40
  this regulatory crackdown in the US Now again like the the the
• 22:45
  whole situation is kind of shitty right because in in one
• 22:51
  part you're obviously like you're you're you're a bitcoiner
• 22:55
  and you're like look like obviously these are securities
• 22:58
  obviously these are shit coins obviously there is a premine
• 23:01
  obviously the founded the founders control it but then
• 23:04
  there's the other part of you that's kind of like you know
• 23:07
  like do you really want the shit coin.
• 23:09
  Casinos empowering the the CCP do you really want them
• 23:13
  empowering you know countries that are not the US I'm kind of
• 23:20
  like you know I don't know what to think about this to be
• 23:23
  honest. I don't really have an opinion
• 23:25
  like the Bitcoin or me is like that's awesome.
• 23:27
  Bitcoin only but you know I kind of think about it and I'm kind
• 23:31
  of divided a little bit I I don't really know what to think
• 23:34
  about this but anyways we'll get to the news and then we'll get
• 23:37
  opties and then Tomas take. So the SEC asked Coinbase to
• 23:41
  halt trading and all cryptocurrencies other than
• 23:43
  Bitcoin prior to suing the exchange in a sign of the
• 23:46
  agency's intent to assert regulatory authority over a
• 23:50
  broader slice of the market. Coinbase's chief executive
• 23:54
  executive officer Brian Armstrong told the Financial
• 23:56
  Times that the SEC made the recommendation before launching
• 23:59
  legal action against the NASDAQ listed cut NASDAQ listed company
• 24:03
  last month for failing to register as a broker.
• 24:06
  The SEC case identified 13 mostly lightly traded crypto
• 24:10
  currencies on Coinbase platforms and securities, asserting that
• 24:14
  by offering them to customers, the change fell under the
• 24:17
  regulator, the regulators. Regulators remit, but the prior
• 24:20
  request for Coinbase to the List D list every one of the more
• 24:24
  than 200 tokens it offers, with the exception of the flagship
• 24:27
  token Bitcoin, indicates that the SEC under chair Gary Genzer
• 24:31
  has pushed for wider authority over the crypto industry.
• 24:35
  Quote they came back to us and they said we believe every asset
• 24:39
  other than Bitcoin is a security.
• 24:40
  And that's exactly what we told you four months ago when we made
• 24:45
  the title of that video. We he, he literally said it in
• 24:48
  an article. He was like, I believe that
• 24:50
  everything other than Bitcoin, everything other than Bitcoin is
• 24:53
  a security. Like he literally said it like
• 24:55
  this is. This has shouldn't come as a
• 24:59
  surprise to you if you guys have been tuning into simply Bitcoin
• 25:02
  because he's been very vocal about this.
• 25:05
  Anyways goes on to say and we said, well, how are you coming
• 25:09
  to that conclusion? Because that's not our
• 25:10
  interpretation of the law and they said we're not going to
• 25:13
  explain it to you. You need to delist every asset
• 25:16
  other than Bitcoin. If Coinbase had agreed, that
• 25:19
  could have set a precedent that would have left the vast
• 25:21
  majority of the American crypto businesses operating outside the
• 25:24
  law unless they registered with the Commission quote, we really
• 25:28
  didn't have a choice at that point.
• 25:29
  Delisting every asset other than Bitcoin, which by the way is not
• 25:33
  what the law says, would have essentially meant the end of the
• 25:35
  crypto industry in the US, he said.
• 25:37
  It kind of made an it's it kind of made it an easy choice,
• 25:42
  choice. Let's go to court and find out
• 25:43
  what the court says. Oversight over the crypto
• 25:46
  industry has hitter boarded, been a Gray area and this SCC in
• 25:51
  the Commodity Futures Trading Commission jockeying for
• 25:53
  control. The CFTC sued the largest crypto
• 25:56
  exchange finance in March of this year, three months late in
• 25:59
  three months before the SCC launch its own legal action
• 26:01
  against the company. Genser has previously said he
• 26:05
  believes most cryptocurrencies with the exception of Bitcoin or
• 26:07
  securities. However, the recommendation to
• 26:09
  Coinbase signals that the SCC has adopted this interpretation
• 26:13
  and its attempt to regulate the industry either The second
• 26:15
  largest cryptocurrency, which is fundamentally, which is
• 26:19
  fundamental to many and industry projects, was absent from the
• 26:22
  regulator's case against the exchange.
• 26:24
  It also did not feature in the list of 12 cryptos asset
• 26:28
  securities specified in the SEC's lawsuit against Finance.
• 26:32
  The SEC said it's enforcement division did not make formal
• 26:35
  request for companies to the list crypto assets quote.
• 26:39
  In the course of an investigation, the staff may
• 26:41
  sure it may share its own views as to what conduct may raise
• 26:45
  questions for the Commission. Under the securities laws, stock
• 26:49
  bonds and other traditional financial industry instruments
• 26:52
  fall under the Sec's remit, but US authorities remain locked in
• 26:56
  debate as to whether all or any crypto tokens should fall under
• 26:59
  its purview. Oversight by the SEC would bring
• 27:02
  far more stringent compliance standards.
• 27:04
  Crypto exchanges typically also provide custody services and
• 27:08
  borrow and lend to customers a mix of practices that is not
• 27:11
  possible for SEC related companies.
• 27:13
  Quote there are a bunch of American companies who have
• 27:15
  built business models on the assumption that these
• 27:18
  cryptoturkins aren't securities. If they're told otherwise, many
• 27:22
  of them will have to stop operations immediately.
• 27:24
  It's very difficult to see how there could be any public
• 27:27
  offerings or retail trading of tokens without without some sort
• 27:32
  of intervention from Congress. The SEC declined to comment on
• 27:35
  the implications for the rest of the industry of a settlement
• 27:38
  involving Coinbase delisting every other token other than
• 27:41
  Bitcoin. So this is what I think
• 27:42
  happened, right. So the SCC in their official
• 27:48
  filing, they only focused on 12 lightly traded traded assets.
• 27:55
  And I believe the reason for that is because I don't think
• 28:01
  that they wanted to know, I don't think they wanted the
• 28:04
  public to know that if you're holding Aetherium, right, which
• 28:08
  is what Brian Armstrong is in play, implying in this article
• 28:11
  is like, look, if you're holding Aetherium or if you're holding
• 28:15
  anything other than Bitcoin, you know, your funds might be
• 28:18
  implicated in this. Like they they they don't, they
• 28:21
  don't want you trading that in the US And I think that's why he
• 28:24
  went public about it. And I think that's why he told
• 28:26
  the Financial Times, I think this was like a political chess
• 28:30
  move because I don't think that, you know, the the vast majority
• 28:37
  of people in the USI don't think that they agree that, like, I
• 28:39
  think that if it came out what Gary Genzer, like actually
• 28:43
  wanted to do. I don't know if you would have
• 28:46
  the public support to do that, to be honest with you.
• 28:49
  So I think Brian Armstrong went public and he said, look, like
• 28:52
  this is they're trying to kill crypto in the US in the hopes
• 28:56
  that it would make noise, which is why he went to the Financial
• 28:59
  Times and which is why the SEC declined to comment to the
• 29:02
  Financial Times. Right.
• 29:04
  So I think he's, he's trying to use this publicity as political
• 29:08
  leverage. I mean that that's my, that's my
• 29:10
  interpretation of it. But I don't know, I find it
• 29:14
  really interesting. I find the the whole thing
• 29:16
  fascinating. Yeah.
• 29:18
  So obviously, you know, we're Bitcoiners and we believe
• 29:23
  everything other than Bitcoin is security obviously doesn't pass
• 29:28
  the how we test. The founders still get to
• 29:31
  change. They think they get to change
• 29:33
  the monetary policy. They get to change the supply to
• 29:36
  benefit themselves, right. They own a large portion of that
• 29:39
  supply of which they dump on the public.
• 29:41
  This is including Ethereum, by the way, when the price goes up,
• 29:45
  right? The Ethereum Foundation, XRP,
• 29:48
  Ripple, all those people. But I think that here, here's my
• 29:53
  take. I think that this industry is so
• 29:54
  well entrenched and I think the SCC lawsuit against Ripple like
• 30:00
  really made it clear like look like selling Ripple on exchanges
• 30:06
  is not a securities violation. Selling it to private investors
• 30:09
  is. But that kind of set a precedent
• 30:12
  in a way, right? I I think that the SEC kind of
• 30:16
  sat on their hands for a very, very long time.
• 30:19
  I think it's going to be very difficult for them to to get
• 30:24
  what they wanted even though if it, even though it's it's it's
• 30:27
  by the book, it's by the law, right.
• 30:28
  Like, we know these things are securities, but it's like like
• 30:32
  whether it's Brian Armstrong, the Ethereum Foundation, the
• 30:34
  Ripple guys. Like, I think they, they've
• 30:36
  accumulated so much political influence that like, I don't
• 30:41
  know if they're going to get their way.
• 30:43
  Like, I'm sure they've donated to the right candidates, the,
• 30:45
  the right politicians on the Democratic side and on the
• 30:48
  Republican side, Yeah, I like, I just, I don't see where this is
• 30:52
  going. But this is great entertainment
• 30:56
  and it gives us something to talk about as bitcoiners.
• 30:58
  Bitcoiners are just like like that meme of that guy.
• 31:00
  Like like on the sidelines like smoking the bong while the two
• 31:03
  people are fighting. Like it's just it's great to
• 31:06
  watch. Like when my bitcoins in cold
• 31:08
  storage and I'm just like watching this stuff like kind of
• 31:11
  play out. I would feel kind of insecure if
• 31:14
  I was holding shit coins in in the US And you know what you're
• 31:19
  you're 1 executive order away from not being able to to trade
• 31:24
  these. Like we know what the head of
• 31:26
  the SEC feels about them now. It doesn't mean that like that.
• 31:31
  You know, they they can't go through this process and become
• 31:34
  compliant and then people are aware that they're trading
• 31:37
  securities on platforms like Coinbase.
• 31:39
  I just think that they want to avoid that altogether.
• 31:44
  So anyways, it's my my 2 Sats as a bitcoiner that's been here for
• 31:49
  a little bit on the whole situation.
• 31:52
  Interesting how Brian Armstrong used the Financial Times as, as,
• 31:56
  as, as leverage to kind of get his thoughts out.
• 31:59
  It was kind of like a scare piece, Opti.
• 32:01
  I don't know. What do you think bro?
• 32:02
  Like he's trying to like? Let Toma jump in.
• 32:04
  Let Toma jump in. Yeah, I mean, I agree with that,
• 32:09
  but I think also that might give kind of a SEC, some kind of
• 32:14
  leverage because what we know is that most of the spots ETF
• 32:18
  application or using Coinbase as a custody service.
• 32:24
  So what the SEC might do is play both sides saying if you want to
• 32:28
  be for us to pass those ETF, right, which have you as
• 32:32
  custody, you're gonna have to delist.
• 32:34
  Then it's gonna put coin based in a situation where they're
• 32:36
  gonna have to choose between fees on institutions buying
• 32:40
  Bitcoin versus fees on retail buying shit coins.
• 32:44
  So I think. At this stage, even on the
• 32:46
  financial aspect, it might be interesting for Coinbase to
• 32:51
  potentially accept that deal if it ever gets there.
• 32:56
  So I mean, yeah, I think that's my take is that there are
• 32:58
  definitely things happening in the behind scenes that we're not
• 33:01
  Privy to and that might tilt the balance here.
• 33:05
  But I think also to get back to one of your point, I think what
• 33:08
  they're arguing, Brian Armstrong is not that.
• 33:11
  The initial sell of the token was not security.
• 33:14
  I think everyone agrees that the initial sell especially to
• 33:18
  institution and through marketing initiatives was a
• 33:21
  security. I think what they're trying to
• 33:23
  argue is that the token evolves to become or not to become a non
• 33:30
  security. So I think it's kind of.
• 33:33
  That's the argument I'm trying to make.
• 33:34
  So it kind of takes out all the blame of the pre cell, which in
• 33:39
  my opinion is tough. So yeah, 100%, we have to see
• 33:43
  where that goes, 100% OPTI, what's your take on this?
• 33:46
  Yeah, well first Nico, you started with that old video that
• 33:49
  we did. I forget what you said four
• 33:51
  months ago and we got a lot of shit for that one.
• 33:53
  But hey, I don't know, maybe we're vindicated again.
• 33:55
  So it feels good, love to see it.
• 34:00
  But yeah, you know, as a bitcoiner, I would love for the
• 34:03
  Bitcoin industry, Bitcoin and even trick coin industry to
• 34:06
  remain, you know, the Wild West. Gary Genza keeps saying like we
• 34:09
  got to regulate it cuz it's the Wild West of finance.
• 34:12
  And I would love for people to realize on the free market, the
• 34:16
  open market, that all coins are at scam.
• 34:18
  But I'm also not naive. And of course the SEC is going
• 34:21
  to try to crack down on these unregistered securities.
• 34:24
  You know, if you're a hammer, everything looks like a nail.
• 34:26
  So it's obviously that this was going to happen.
• 34:28
  And I think bitcoiners have been saying this since literally the
• 34:30
  inception of Bitcoin, that this was going to happen and it's
• 34:33
  happening and then, you know, we get yelled at by the shit
• 34:37
  corners and they're calling us status and it's like.
• 34:40
  Guys This is why you want to hold something that was designed
• 34:42
  in such a way to withstand this and further route around all
• 34:46
  this stuff. So I don't think that makes me a
• 34:48
  status that's why I'm a Bitcoin only This is why I hold Bitcoin
• 34:52
  And look if you haven't registered your security like
• 34:55
  it's going to fall under the SEC's purview like these are the
• 34:58
  rules here in America. If you're based in America,
• 35:00
  there is certain rules here and of course I would like to see
• 35:03
  the the playing field, the rules to be flat and and everything
• 35:07
  treated equally but. They are doing their best to
• 35:11
  make exceptions of Bitcoin and shitcoin because like we cover
• 35:14
  all the time. They're they're absolutely
• 35:15
  afraid of Bitcoin getting out of the gate.
• 35:17
  And everyone's starting to hold Bitcoin because that eliminates
• 35:21
  their power of the money printer.
• 35:22
  So, you know, I'm Bitcoin only. I don't really have to.
• 35:25
  I really care about this. Obviously, it's going to be
• 35:28
  interesting to see what this does for the market moving
• 35:31
  forward. And yeah, Nico, it's like what
• 35:33
  you said, you know, we're just the meme where it's like the
• 35:35
  dude hitting the bong, just like watching them fight each other.
• 35:37
  And it's like, hey. Just you should be holding
• 35:40
  Bitcoin like, hi guys, we're here we'll we'll show you the
• 35:43
  way. Just go Bitcoin only it's so
• 35:44
  simple. Yeah, 100% like literally, it's
• 35:48
  it's it's it's nice. Just kind of like watching this
• 35:50
  play out on the sidelines. And is Genzler A bitcoiner?
• 35:55
  Like it's, you know, like it's kind of weird.
• 35:59
  It's kind of it's kind of strange.
• 36:01
  He said that he never owned any, though.
• 36:03
  But that would be kind of odd. It's kind of weird.
• 36:06
  Never even made a transaction. It's kind of weird.
• 36:08
  Like it's like, yeah, everything else is security, bitcoins,
• 36:11
  dope, but everything else like I don't know, is Gary.
• 36:14
  I know, I know, Rustin feels a certain way about this.
• 36:18
  But anyways, just the whole thing is just very interesting
• 36:20
  to me. Anyways guys, before we move on
• 36:22
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  Bitcoin celebration. Anyways, Opti, what are we
• 38:42
  talking about today, brother? Yes, Sir.
• 38:45
  So we got Toma here from Wiser and actually I'll just give you,
• 38:49
  I'll just give you the floor. Toma, what is Wiser and what's
• 38:52
  the goal behind it? Awesome.
• 38:54
  Yeah. So basically Wiser solves the
• 38:57
  orange pen problem. So The thing is that when you
• 39:00
  orange pill someone, the first thing you're trying to figure
• 39:02
  out is where do I send them? And online there's a few
• 39:06
  problems that we solved. The first one is that if you
• 39:08
  send them online to any online resource, the content is all
• 39:12
  over the place. They get overwhelmed, they don't
• 39:14
  know where to start. The first thing we do is we
• 39:16
  create a structure. We have different modules,
• 39:18
  different topics and you unlock the different classes.
• 39:22
  The second one is that people have very short attention span
• 39:25
  these days and whenever you send them material they don't want to
• 39:28
  read it. They don't want to go through
• 39:29
  all those long videos or content blogs or blog articles.
• 39:35
  So what we do is we create bite sized classes, so basically
• 39:38
  simplify concept and turn it into easy 3 minutes visual read.
• 39:45
  And finally, what we do is we reward users.
• 39:48
  So we have a system where you learn to earn.
• 39:51
  With Sats, obviously we don't have our own token, we don't do
• 39:54
  any of that. So we just reward people in Sats
• 39:57
  and we add a bunch of gamification elements.
• 39:59
  So the idea here is really how to orange build people and we
• 40:03
  find that giving reward, ensuring that they they know
• 40:07
  where to start with what to learn next and then adding some
• 40:10
  social elements. So we also have leader boards
• 40:13
  where people compete and we have different other social
• 40:16
  initiatives through Telegram and stuff where we.
• 40:20
  Promote communication and engagement.
• 40:22
  So that's what we do in nutshell.
• 40:24
  Love it. So how has the Orange Pill
• 40:27
  journey been with Wiser? Have you had any success
• 40:30
  stories? What do you get pushback when
• 40:33
  you try to talk to your normally friends out there and get them
• 40:35
  on the app? Yeah, I mean, the first problem
• 40:39
  is definitely the problem of Bitcoin versus crypto.
• 40:42
  Many people don't get that. And when we spend their time in
• 40:45
  the Bitcoin community, we feel like everyone understands that.
• 40:49
  But actually when you speak to Normie, it's really hard for
• 40:52
  them to grasp this concept of what's the difference.
• 40:56
  So I think this is the main challenge that we face right now
• 41:00
  when I speak to Normies and then it's finding the right content
• 41:04
  for them to read or to learn because as I said earlier,
• 41:09
  people have very short attention span.
• 41:11
  So what we're trying to target is it's not the people that are
• 41:14
  initially interested in in Bitcoin and are willing to do
• 41:18
  the research and spend hours reading.
• 41:20
  We're targeting more people that spend their time on social media
• 41:24
  scrolling, and those are the kind of people that we wanna
• 41:28
  onboard them through Very easy undergo classes with small
• 41:32
  rewards. Love it, Okay.
• 41:35
  So what's the end goal for Wiser?
• 41:37
  Are you guys rolling out some new features?
• 41:41
  Actually, how long, how long have you guys been around?
• 41:43
  Cuz I you just came up on my radar a couple weeks ago.
• 41:46
  So how long have you guys been doing?
• 41:48
  So we've been, yeah, we've been developing for, for a year now
• 41:52
  and we launched the public version roughly 2 months ago.
• 41:55
  So it's going well right now. We're getting very good feedback
• 41:58
  from from our user. We also have a little merge shop
• 42:01
  with a bunch of actually I'm wearing one of the T-shirts.
• 42:05
  So yeah, this is just to support the mission of free education.
• 42:10
  So yeah, so it's it's going well still early on.
• 42:13
  We're adding content as we as we go forward.
• 42:16
  We're going to be adding languages.
• 42:18
  Spanish has been requested a lot and we're going to be adding
• 42:21
  advanced advanced education, advanced topics that that will
• 42:26
  help people as they go forward. So it's really trying to figure
• 42:30
  out what's the best route to to Orange, build people and then
• 42:33
  drive them towards something where they can make an impact
• 42:36
  whether by working in between industry or connecting and and
• 42:40
  Orange filling themselves other people.
• 42:43
  Love it. Absolutely love it.
• 42:46
  What is the final, final end goal is this?
• 42:49
  Is it going to be, you know, bite size, palatable information
• 42:52
  throughout the whole time or will they ever get longer form
• 42:56
  programs out there, you know, get more intricate studies?
• 42:59
  You, I think you kind of said that you are going to get a
• 43:01
  little more advanced learning in there, but what?
• 43:04
  What's the end goal? Yeah, the end goal is just to
• 43:08
  provide a platform that that can provide free education around
• 43:12
  the most important topics, which are basically Bitcoin and money.
• 43:15
  Because at the end of the day, it's not just about Bitcoin,
• 43:17
  it's Bitcoin and money because people need to understand how
• 43:20
  the monetary system works to be able to empower themselves.
• 43:23
  So this is really what we're trying to bring together is
• 43:26
  understanding the Bitcoin, but also understanding of economics.
• 43:28
  So we teach economics, Austrian economics, some concept about
• 43:32
  the financial market. So our idea, the main objectives
• 43:35
  to build that platform which gives anyone across the world a
• 43:38
  free access to this knowledge base and help them get empowered
• 43:43
  financially and then hopefully we're a business, so we need to
• 43:46
  make some profit as well otherwise we can't grow.
• 43:50
  So we also have advanced feature where they're behind paywall
• 43:53
  with pledges that allows us to monetize and keep growing this
• 43:57
  initiative. Absolutely love it.
• 43:59
  Absolutely love it. Okay.
• 44:02
  One more question. What's up with this?
• 44:04
  Your merge store? You guys got some fire merge?
• 44:07
  I was checking it out this morning.
• 44:08
  Let's, let's plug this a little bit.
• 44:11
  What's the goal? You you said it yourself.
• 44:13
  You know it's hard to bootstrap your business.
• 44:16
  And I see some cool stuff on here, bro.
• 44:20
  Yeah. Thank you.
• 44:21
  Thank you. Yeah, exactly.
• 44:22
  We're we're, you know we're bootstrapped.
• 44:24
  So we're five cofounders putting all the putting work and and
• 44:27
  time behind this. So you know we're full time
• 44:31
  looking to fundraise. So in the meantime, we need to
• 44:33
  get some monetization. We think that pushing because
• 44:36
  this kind of it's kills two birds in one stone, right?
• 44:40
  We monetize a bit, but at the same time it helps Orange build
• 44:43
  people because when they see you walk around with that with those
• 44:45
  fun Bitcoin tshirts, it always gets the conversation going.
• 44:49
  I know I get a lot of people asking me questions when I wear
• 44:52
  those around, especially that one.
• 44:55
  Yeah, I love it. There's some cool designs here.
• 44:57
  All right, So for everyone listening out there, what would
• 45:00
  be a call of action? What do you want them to do?
• 45:03
  What do you think is the best way to continue the Orange Pill?
• 45:07
  It's very simple, just go on the website, download the app, and
• 45:10
  you'll have fun. You'll learn a bit and then
• 45:14
  whenever you want to Orange Pill someone and they ask you, OK,
• 45:17
  I'm interested how do I learn more just send them to that
• 45:20
  because we give them free Sats. So as they sign up we give them
• 45:23
  Sats. There's referral where they went
• 45:25
  Sats across the entire process of learning they they'll learn
• 45:29
  SAT. So that will not just teach them
• 45:30
  about Bitcoin but also on board them to Lightning because we pay
• 45:33
  rewards on lightning wallet so they'll learn how to use a
• 45:36
  lightning wallet. Ultimately that would be to how
• 45:39
  to use Bitcoin on chain and then ultimately we'll get the ball
• 45:41
  rolling, give them some Sats to play with and yeah, hopefully
• 45:44
  that that gets the ball rolled. Love it.
• 45:47
  All right. Well, guys, for the audio
• 45:49
  listeners, it is on the Google Play store and on the Apple
• 45:52
  Store. So I think actually before we go
• 45:56
  off into the memes, you just told me that you guys revealed
• 45:59
  or just dropped a new upgrade or some new features yesterday or
• 46:04
  this week. What was that?
• 46:06
  Yeah. So yeah, we did a little upgrade
• 46:08
  so or we added byte size, sorry, we added news bytes.
• 46:14
  So those are weekly news where we tackle the most relevant news
• 46:19
  of the week and we try to explain it in the same process.
• 46:22
  That is simple. So it's kind of like a more
• 46:25
  efficient way of getting your information for the week on the
• 46:29
  specific topic. So last week we discussed the
• 46:33
  BlackRock ETF that we discussed the world coin as well process.
• 46:38
  So it's just a quick way to get up to date with the most
• 46:40
  relevant information. And yeah, and we're going to be
• 46:44
  adding a place where you can gift a pledge.
• 46:48
  So basically if you want to orange pill people, you can give
• 46:51
  them a subscription, will they have additional benefits?
• 46:55
  So just check out the app and you'll see everything to get
• 47:00
  started. Love it, love it.
• 47:02
  All right guys, So if you're in audio, download wiser.
• 47:05
  It's what yzer go to. Wiser dot io.
• 47:09
  And maybe this isn't for everyone watching the show, cuz
• 47:12
  they're probably already bitcoiners.
• 47:13
  Maybe this is to send to your friends and family so that they
• 47:17
  once they start going down the rabbit hole, get them interested
• 47:19
  in Bitcoin. And there's a there's a
• 47:21
  financial incentive as well. I love the I love the merch that
• 47:25
  has some really fucking cool designs that you got there with
• 47:27
  the with the, the girl with the gun, you know, And like it kind
• 47:31
  of shows the little bullets and stuff.
• 47:33
  That's really, really cool. But yeah man, that's dope.
• 47:36
  All the power to you. Why don't you tell everybody
• 47:39
  what's what's the things you can do?
• 47:42
  Where's the domain? Do you guys have a Twitter
• 47:45
  handle? Where could people find you?
• 47:49
  Yeah, so Twitter. It's Get under score wiser and
• 47:53
  yeah YZ dot I/O YZER is is the best place you'll get all the
• 47:57
  links. Very, very cool, man.
• 48:00
  Well, all the power to you. Thanks.
• 48:02
  Appreciate you fighting in the trenches with us and trying to
• 48:05
  get as many people orange pills. As possible.
• 48:08
  All right, everybody, let's get to the memes.
• 48:10
  Before we get to the memes, guys, you don't want to be
• 48:15
  trusting other people with the with with your, with your
• 48:20
  financial privacy. Remember, if you don't run your
• 48:23
  own Bitcoin node, you're trusting someone else's reclaim
• 48:25
  ownership over your money. If you're not using your Bitcoin
• 48:28
  node, you're using someone else's.
• 48:30
  Get yourself your own Bitcoin node.
• 48:32
  It enables you to connect with both the Bitcoin and Lightning
• 48:35
  networks. Your noddle acts as a back end
• 48:38
  to the most popular Bitcoin and Lightning applications you want
• 48:41
  to run. Running a personal Bitcoin know
• 48:43
  is the greatest addition you can make to your financial privacy.
• 48:46
  This is the Noddle Dojo. It's in red.
• 48:48
  And yes, that means it's absolutely faster.
• 48:50
  Run your own wallet back on back end with Samurai Dojo and enjoy
• 48:54
  state-of-the-art coin joining with the Samurai Whirlpool boat
• 48:57
  straight out of your Noddle hardware.
• 48:59
  So visit Noddle dot eu today. And stop trusting someone else
• 49:03
  with their Bitcoin node. Run your own All right,
• 49:07
  everybody. No more delay.
• 49:08
  Best part of the show? The meme review?
• 49:10
  Let's do it. The Daily Meme Review.
• 49:16
  Brought to you by Kaboom Racks. I get this question all the
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  time. Nico, where should I buy Bitcoin
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  miners? The answer is Kaboom Racks.
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• 49:43
  All right guys, you already know the deal.
• 49:44
  This is the meme review where you tag its and memes on Twitter
• 49:47
  at simply Bitcointv or drop them in our Telegram group T dot me
• 49:51
  slash simply Bitcoin and I will scroll through them and I will
• 49:54
  add them to the show. I may not get to all of them
• 49:57
  guys, but I do my best anyways. We already know the deal.
• 50:01
  Tweets are the bullets, memes, or the artillery.
• 50:03
  We are in an information war. Continue to spread the signal.
• 50:07
  Continue to try to orange pill your friends and family.
• 50:10
  Continue to ridicule the corporate press.
• 50:12
  This is the way. Anyways, 1st meme is by my boy
• 50:17
  Wanikis. He's always, always asking
• 50:19
  whether this is the meme of you. Well, you're here, bro.
• 50:21
  We got you. Anyways, this meme here is what
• 50:25
  people think being a bitcoiner is like.
• 50:26
  And they got this anonymous hacker picture, but what it's
• 50:30
  actually like. And we got some giga chads and
• 50:33
  you know, Michael Saylor, Chad, we got Greg Zaz and Pierre
• 50:35
  Ochard and a Pepe laser eye and, you know, divine God money.
• 50:40
  And of course an anonymous hacker because it's all of this.
• 50:44
  This is all of it. OK.
• 50:45
  This next name is by Beaver Bitcoin on Twitter.
• 50:47
  And he goes yes. And we got some quotes here.
• 50:50
  And the first one is, can you explain this gap in your resume?
• 50:53
  And we got the chat. Oh, there's a therapist meme.
• 50:55
  All right. Got Chad Bitcoin right.
• 50:57
  Here it goes. Yeah, that's when I was posting
• 50:59
  Bitcoin memes to accelerate the destruction of the deep state
• 51:02
  and reawaken humanity. The sound monetary policy.
• 51:05
  Sorry, not sorry. This next meme shouts out to my
• 51:07
  boy Copernicus. He goes simply Bitcoin.
• 51:10
  This is me at my most PG. And it looks like this is
• 51:14
  Southwest or no American Airlines.
• 51:16
  I forget it's on a it's on a airline and it goes, are you a
• 51:19
  terrorist? Terrorist.
• 51:20
  Yes or no. And you can see here it goes.
• 51:23
  Me contemplating if they mean a financial terrorist or not.
• 51:25
  Wait, which? Which one is it?
• 51:27
  You're a Bitcoin psychopath. This is the way.
• 51:30
  OK. This next meme is by Maxie's
• 51:31
  club and it goes 473 but. And we got a Bitcoin in here and
• 51:36
  he's looking for a girlfriend. He's on a date.
• 51:39
  On the bench and she goes, so tell me about yourself and the
• 51:42
  Bitcoin it goes, I'm not rich. But and then she walks away and
• 51:46
  leaves him. But I have Bitcoin.
• 51:48
  I'm I'm not broke. I just just the way my bank set
• 51:52
  up, I can't really get to my money.
• 51:54
  OK, this next one is by the therapist.
• 51:56
  I guess he's in here twice. I didn't realize the fever was a
• 52:00
  therapist mean, but he's just killing it.
• 52:01
  And we got The bull market is coming, Hashtag BTC.
• 52:04
  And this is a play on the strongman.
• 52:05
  Weak men mean, but we got bear markets create strongman.
• 52:08
  Strong men create green candles. Green candles create crypto
• 52:12
  scammers and crypto scammers create bear markets.
• 52:15
  This is the cycle, all right. This next meme is by the having
• 52:19
  party MF. And it goes.
• 52:21
  The bear market may feel like it's dragging on, but the
• 52:23
  Bitcoin having is coming soon. And we have Tom Hanks in the out
• 52:28
  what's it? Is it outcasts?
• 52:30
  Yeah, and outcasts. And it goes 627 days since
• 52:33
  Bitcoin all time high. It's everyone just counting down
• 52:36
  the Bitcoin bear market because it's been so long and we're all
• 52:39
  wrecked and we're getting bear market fatigue.
• 52:42
  Anyways, this last meme is by Hot oh Cat 21.
• 52:44
  And it goes. Cats can confirm.
• 52:47
  And we got a cat sleeping nicely.
• 52:49
  And it here's an earthquake. Or feels an earthquake and it
• 52:51
  doesn't wake up. And then there's some concerns
• 52:54
  about World War Three and it doesn't move.
• 52:56
  It doesn't get out of bed. And then a tsunami coming and
• 52:59
  it's unfazed. And then there's the Bitcoin dip
• 53:03
  and the cat wakes up and wonders what is going on.
• 53:05
  Because that's the only thing that matters is stacking them
• 53:07
  stats. Anyways, drop your meme of your
• 53:10
  score in the chat over there. Oh, it was Castaway.
• 53:12
  Sorry Castaway. I I butchered it.
• 53:15
  I I'm literally forgetting all my movies.
• 53:18
  OK, I for my meme review score. It looks like I'm lagging over
• 53:23
  here. Nick on my bed for my meme
• 53:25
  review score. Unacceptable.
• 53:27
  Unacceptable. I need a new computer.
• 53:29
  I have this lemongrass and citrus soap for my bathroom.
• 53:36
  Very, very very. That probably smells delicious.
• 53:38
  Can I give it? The back of the nodal one.
• 53:41
  I know I've given the back of the nodal Dojo, but I've never
• 53:44
  given the back of the nodal 1. So yeah, my score.
• 53:48
  Anyways, Toma, what would you give those memes?
• 53:52
  I'll give a little cap why that counts.
• 53:57
  Very good score, very good score.
• 53:59
  Anyways guys, Drop, drop, drop your scores in the live chat and
• 54:03
  we will get to it. Seems like we got a couple
• 54:06
  coming in first Mclovin. Meme score in the future Bitcoin
• 54:10
  comes common and obscure. All Bitcoin shows become a
• 54:13
  Reliance. Yes, simply TV rebranding.
• 54:16
  Server we've been thinking about that.
• 54:19
  Probably gonna rebrand. All right, UTXL, My meme review
• 54:24
  score is Opti's bit rate. Hold on.
• 54:27
  I got something. Man.
• 54:29
  Wait. Where'd it go?
• 54:29
  Where'd it go? All right, Ray Bellavier, I
• 54:35
  score the memes. Wow.
• 54:36
  Me telling Christopher Lloyd, aka Dr. Brown about Bitcoin over
• 54:40
  the weekend at Galaxy Con. Let's fucking go all.
• 54:43
  Let's go. That's fucking dope, dude.
• 54:45
  That's awesome. Think orange.
• 54:48
  I give those memes Jamie Dimon searching for pet rocks and a
• 54:51
  dusty bowl Stampede. OK, OK Last but not least,
• 54:55
  Elaine bitcoiners get smart and avoid the orange diggers.
• 55:00
  All right, we got the buzzer. All right, guys, Thank you so
• 55:03
  much for joining us. Oh, we got Norwell tacos.
• 55:06
  Let's not forget about in our well, meme.
• 55:08
  Score a for the kids tshirts and info pocalypse.
• 55:12
  I give the memes Brian Armstrong's tears.
• 55:15
  Very, very nice. We're out of time this time
• 55:18
  anyways. Guys, thank you so much for
• 55:19
  joining us on Simply Bitcoin Live.
• 55:20
  If you enjoyed the show, you know what to do.
• 55:22
  Smash that like button. If you feel like we provided you
• 55:25
  value, consider subscribing. But the number one thing you can
• 55:28
  do to help push the show is share this content.
• 55:31
  In fact, share all Bitcoin content.
• 55:32
  I want to give a very special shout out to Toma.
• 55:34
  Toma, thank you so much for joining us on Simply Bitcoin
• 55:37
  today. Appreciate you.
• 55:38
  Why don't you tell everybody one more time where they can find
• 55:41
  what you're working on these days?
• 55:45
  Wiser dot I/O YZER dot I/O. Awesome.
• 55:48
  Go orange, Fill the world. Awesome, man.
• 55:50
  Well, I appreciate it. And then really happy that
• 55:52
  you're on our side. All right, guys, if you enjoyed
• 55:55
  the show, you know what to do. Smash that.
• 55:56
  Like we will see you tomorrow for another episode of Simply
• 55:59
  Bitcoin Live at 12:15 PM Eastern Standard Time.
• 56:03
  Peace out. Y'all.