Latest / Simply Bitcoin / Terra Luna: Exchanges, Homes Raided by Korean Police | EP 536

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Terra Luna: Exchanges, Homes Raided by Korean Police | EP 536 · Simply Bitcoin

0:04
Welcome to another episode of Simply Bitcoin where we cover
0:08
the peaceful, Bitcoin Revolution, the bitcoin news,
0:12
the culture, the memes, the fails, all of it.
0:16
We have it all. Today we have a very, very
0:18
special guest we have Randy Brito, Randy, how you doing,
0:24
buddy? Fine, thank you for having me.
0:26
We're super happy to have you. Anyways, guys, this is the Today
0:30
episode, I hope you have a good time.
0:32
Anyways Opti it's time for brought to you by.
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around the world visit not old. You at the time of this
1:01
recording the Bitcoin, price is 23,000 and $55 the SATs per
1:06
dollar also known as Moscow time 4333 Bitcoin held in corporate
1:12
treasuries 1 million six hundred and sixty thousand Bitcoin.
1:15
I don't think that's been updated since Elon dumped all
1:18
that Bitcoin. I might have to remove it.
1:20
Block height, 746,000 58, reachable Bitcoin notes, 15,000
1:25
134 percentage issued 90.9. Sent blocks to The Happening. 90
1:31
3942 having estimate April, 18th, 2024 block, subsidy value
1:39
144,000, 250 block, subsidy 6.25 Bitcoin.
1:46
Also, Opti brought this up yesterday, I'm going to bring it
1:49
up again. We had a difficulty adjustment
1:53
of five percent yesterday or yeah actually a couple days ago
1:57
and again, the difficulty adjustment is Thing built into
2:01
the Bitcoin Network and ensures that the block time stays at
2:05
around 10 minutes, right? And then the lower the
2:09
difficulty, adjustment more incentive for minors, right?
2:13
So it's awesome. I love how Bitcoin just kind of
2:15
figures it out. Let's check out this video and
2:20
it's by it's actually it's a legacy mainstream media video
2:24
and it's with the CEO of Riot. I think there's a ton of signal
2:28
in here. Let's check.
2:29
Check it out and then we will Riff on it.
2:31
It's a three minute video so it's quite long.
2:33
Let's check it out. Jason welcome.
2:36
Thank you for having me. What?
2:37
Okay let me ask you for like the math here with Energy prices and
2:42
crypto where they are today, how much less are you giving up?
2:46
Then you might be, if Bitcoin was back at 60k and energy,
2:50
prices were also where they are today.
2:53
So it's really a dynamic calculation, there's a bunch of
2:56
Market factors beyond just the Bitcoin price.
2:58
There's also the Around Bitcoin mining that impacts what your
3:02
revenue is a Bitcoin miner on a dollar per megawatt hour basis.
3:06
So as a minor we look at that and then we can also make a
3:09
judgment call in the power Market on if it is worth it to
3:12
mine, or if it's worth it to curtail our energy and sell the
3:16
power block that we've invested in it, secured back to the
3:18
market for notably, there are different demand response
3:21
programs that we support in that we reduce our energy costs,
3:24
annually and help support the Texas, graded, our communities
3:28
that we operate in, I know, Noticed that that you have all
3:31
you have been selling power back to the grid.
3:33
It says that would equate to a bitcoin price at times north of
3:36
500 thousand dollars. What do you mean by that?
3:39
That was not a quote from me. So I'm not sure the math behind
3:42
that, but I will tell you that the price of power in Orkut will
3:47
tend to Peak and Spike to pretty high prices.
3:51
When there is not enough energy in that great and that is really
3:54
when renewable generation sources, like, wind are not
3:57
functioning as designed functioning, because No wind
4:00
blowing. So and we will wind blowing that
4:02
grid has a lot less capacity than it otherwise was so you
4:05
guys basically have energy, let's call it credits, or
4:09
something to that effect that are so valuable right now, it
4:12
equates to a bitcoin price of according to this Source, half
4:16
half a million dollars. That's that's it is a good
4:20
reminder that maybe market pricing can help here.
4:23
Level out the power distribution on the electricity Grid at least
4:27
that's the optimistic reading. Absolutely Let me put it this
4:30
way. Miners a Bitcoin miners, like
4:32
Riot, make huge financial commitments into energy.
4:35
Grids in the energy markets, we have commitments to purchase
4:38
energy for two years. So that's a reliable demand,
4:41
that generators and grid organizers can look at and rely
4:44
on because we made that commitment, we own a block of
4:47
power that we can then make available back to the grid when
4:51
market conditions, need when market conditions call for, and
4:54
when you know, Powers constrain and spot, prices are spiking up
4:58
very high. Yeah, it is Wait, so equivalent
5:01
Bitcoin price Mind of a very much higher than where it's at
5:05
now. Do you sell that part that power
5:06
back at a profit? Yes, with the block of power
5:11
that we have secured, we can shut down and we will sell that
5:15
power back at a profit at, you know, at a margin much higher at
5:19
a price much higher than what we're securing it for provided
5:22
that price is higher than what we would get from.
5:25
Otherwise, mining bitcoins. You have any idea what
5:28
percentage of Of State output in Texas, you all consumed or or my
5:34
Bitcoin miners as a group consume that mm or is it
5:39
negligible or significant right now.
5:42
I would say Bitcoin miners are probably around 1% of the total
5:47
Peak demand and ercot. There are a lot of projects
5:50
underway. A lot of people a lot of
5:51
businesses have publicised plans to expand on Texas to the
5:58
extent. They all follow through it that
5:59
you Depends on their ability to raise capital and execute, but I
6:02
think the more Bitcoin miners that are able to deploy in Texas
6:06
participate, in these different types of grid response programs,
6:09
the stronger, the ercot grid is going to be because generators
6:13
and grid operators can rely on a consistent power source. 24/7
6:18
that has the flexibility unlike other major loads to shut off
6:22
when demand for power is high. That was so much signal right
6:28
there. Wow.
6:29
I really Really enjoyed that whole clip.
6:31
I thought it was going to be a little bit too long, but I was
6:34
literally like trying to soak up that that information the entire
6:38
time. And again that's the CEO of,
6:41
right? And that's one of the largest
6:43
Bitcoin. Mining companies is a public
6:45
company and they have huge facilities and Texas.
6:48
Maybe you guys have seen some of those videos and he's exactly
6:52
right, right? That Bitcoin.
6:53
Miners are the the buyers of Last Resort, right?
6:57
And an energy grid needs stability?
7:00
And Bitcoin miners could do something that not many other
7:04
Industries could do Bitcoin. Miners could be either turned
7:07
off or on, depending on depending on the need for that
7:13
power. And again, when the need for
7:15
that power is is high, right? They get turned off.
7:18
Now, what I didn't know, right, is that they stay actually sell
7:22
that power back and I know a lot of know, what a lot of you guys
7:25
are thinking, right? It's like, oh, wow.
7:27
So they're selling that that power back.
7:29
To the public. It's like no guys, you don't
7:31
understand. That power was always was
7:34
already going to waste and Riot, stepped in and said, listen,
7:38
that wasted power. We're going to give it value
7:41
now. We're going to buy it that power
7:43
wouldn't even been available if it wasn't for something like
7:46
Riot, right? Which is why we make the case as
7:49
bitcoiners that what Bitcoin miner does is actually provide
7:53
grid stability, right? And it's also actually, in my
7:57
opinion, going to incentivize green energy.
7:59
Without government subsidy. So anyways, wow that was dude,
8:04
that was really impressive. Anyways Opti, what do you think
8:08
a lot of signal there? I completely missed that video.
8:10
I'm glad that you played it and it just kind of brought like a
8:13
little meme in my head of Bitcoin miners are so Nimble,
8:16
they're just so, like on the ball with their electricity that
8:21
no other industry can even come close to, and then just the
8:26
idea, like, Bitcoin mining is an asset to the power grid.
8:29
Guys we are helping Bitcoin miners help the grid guys and
8:35
furthermore I didn't know that mining companies like Riot and
8:40
other large companies had such a long contract of by excess
8:44
energy. It's just amazing.
8:47
Guys, we say it all the time incentives, Trump coercion and
8:51
people like money energy. Companies like money, and
8:54
Bitcoin is the best money guys. Profits when when you are
9:00
Looking for them in Bitcoin. Mining provides this it's just
9:03
amazing guys. It really blows my mind.
9:05
It's crazy. I can be in Bitcoin this long
9:07
and just still continue to fall down the rabbit hole and be more
9:11
bullish. Who could have thought?
9:13
Yeah, absolutely. Randy.
9:14
What are your thoughts, brother? Well, I think they should not
9:18
shut down the miners because every minute they are not
9:21
mining, they are not collecting bigger, right?
9:24
They are not making any big grin and I know Venezuelan
9:28
government, Iranian government, the Russians, they are not
9:30
shutting down the the remaining devices because a town next to
9:35
them don't have any electricity because of them so I don't know.
9:39
We are not attacking the Bitcoins in the u.s. in Texas,
9:45
which is, I don't know. One of the most freest places in
9:48
the world. So it's like, okay, it's great.
9:52
They are adding that demand to the electricity that is being
9:57
wasted in any other way, if not used by them, but I think it's
10:03
more like the history to Signal a little bit.
10:06
Like, I know people need their air conditioning, so I'm going
10:09
to switch off my mind and devices and so, I don't know.
10:13
I continue my demands. So it's even if you do just
10:16
stack it because you cannot sell it because your will make any
10:19
profit or you won't be able to cover cost.
10:21
You already bought it. They electricity and low-priced
10:25
mind those Bitcoin. Get that on, wait, one year,
10:28
you're probably 400 percent up. Like we currently are right.
10:32
Randy is a Savage. Toxic razza.
10:36
Randy's a Savage in a good way, so Randy though.
10:39
But so what he said though during the interview right?
10:42
Was that he was selling back the energy back to the grid.
10:46
Read as if the price of Bitcoin was worth five hundred thousand
10:49
dollars. So I think with that sale of
10:52
electricity, he could actually even buy more Bitcoin than he
10:55
could get mining it. What would you say to that or do
10:58
you, are you still from the socket?
11:00
Okay, he kept that far for himself.
11:03
He didn't share anything about Bonnie.
11:05
I thought he was been selling the electricity in a prophet to
11:10
cover the costs because actually my in the beaker and selling
11:13
them was not enough to cover the cost but he if he is He's
11:16
actually making any profit out of selling the electricity and
11:19
buying that come with it or buying Bitcoins.
11:22
It is also a great way to start because if you don't, you are
11:26
not able to like, invest in big mining which is the perfect way
11:32
to do it. Absolute man, but you could opt
11:35
a pass it on to you before we move on to the news, you can see
11:38
how much this is going to get. This is what if you guys want to
11:41
know where the world economic forum and all those places are
11:44
attacking Bitcoin. Telling you, when they watch
11:47
that video, I bet you there are melting.
11:49
They were like, They're using the power, you know.
11:54
So wow that that was that video in itself was toxic and opting.
11:59
Did you notice how the anchors were like, trying to find the
12:02
kink in the air in his armor with like some crazy questions?
12:07
They always try to paint you in the corner of being the villain,
12:12
but we know Bitcoin mining and Bitcoin will proliferate
12:15
humanity and energy. This is uncontested.
12:19
Yes, absolutely. It's gonna take Humanity to the
12:22
next stage, right? Using energy is a good thing,
12:27
don't let anybody excuse me. Tell tell you otherwise and yeah
12:32
I hope Bitcoin mining uses even more energy than it does.
12:37
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Justice, my friends a little bit of Justice.
13:17
Check out this Bloomberg article from July 21st Korea,
13:22
prosecutors raid, crypto exchanges homes in Terra probe.
13:28
That's right, if you were a victim of the terror Luna
13:34
debacle, first lesson that you should learn this.
13:37
Is why you should stick to bitcoin only and this is why you
13:40
should stick to self custody. In fact in the last four months,
13:46
if you've had your Bitcoin and self custody, and if you didn't
13:50
buy shit coins, the only thing that has happened to you is that
13:53
now you have Bitcoin significantly cheaper, so that
13:57
you could stack more, if you dabbled in shit coins, like
14:01
Luna, or if you were chasing that yields which we so hard
14:05
fought against and We'll give a shit for it.
14:09
Let this be a lesson to you and what we call in the show, the
14:11
price of tuition. Anyways, we I've had to paint it
14:14
opt. He's had to pay, I'm sure
14:16
Randy's had to pay it anyways. South Korea prosecutors are
14:19
stepping up their investigation into terraform Labs, who stable
14:24
coin, Tara USD collapsed in May setting off a route and crypto
14:28
currency markets. A team of investigators from
14:30
Seoul southern district, prosecutor's office began
14:33
seizing transaction, records and other material from And local
14:37
exchanges at 5:30 p.m. local time on Wednesday.
14:42
Prosecutors also conducted raids on eight other places including
14:46
the homes and offices of people who are under investigation.
14:50
The offer office declined to provide more information on
14:53
those raids. Citing investing, citing
14:56
investigation, security terror Clash from its dollar Peg.
15:00
And early May, when the complex algorithm based system involving
15:04
the sister Luna token that was meant to safe.
15:07
Guard. Their Peg failed to work as
15:08
planned. The implosion rendered.
15:10
Luna almost worthless. Some Luna investors filed.
15:15
A complaint with South Korean prosecutors and may alleging
15:19
terraform Labs founder, do Quan, and his company has had
15:23
committed fraud and engage in illicit fundraising spokesman
15:28
for up b. B hum and go packs confirm that
15:31
raids took place Wednesday evening at their offices and
15:35
that prosecutor sees Action records chai and coin.
15:38
One didn't immediately respond to requests for comment.
15:42
In June authorities. Band's current and former
15:45
employees of Terror formlabs from leaving the country.
15:48
KBS, TV reported that prosecutors had summoned a
15:52
former official at a unit of terraform Labs.
15:55
While Ian hop said, prosecutors were probing whether Quan evaded
15:59
taxes by moving profits, from crypto currency transactions to
16:03
Offshore accounts. So, so, how long until this
16:10
happened to Alex machine ski, right?
16:12
A lot of people are upset, a lot of people are pissed off that.
16:16
They got completely rug pulled, right?
16:19
This is what happens. During the bear markets,
16:22
everyone is happy during the bull market, they all love
16:25
Daquan, but when his house of cards collapses, when his shit
16:30
coin, collapses, when the truth about algorithmic, stable coins
16:35
gets exposed. Most people are out for blood
16:39
and man I would hate to be any of those shit coiners.
16:44
And those exchanges that people are like that has nothing to do
16:47
with Luna. It does have to do with Luna
16:49
because those exchanges decided to post a shit coin, very
16:56
similar to what happened with coinbase.
16:57
We're going to cover that on Sundays episode.
17:00
I did a little bit of research about how coinbase came out and
17:03
said, hey, we don't post Securities, we Don't we don't we
17:07
don't list Securities. Why are they saying that?
17:11
They're not saying that to cover that employee that got caught
17:14
insider trading buying those shit coins before they were
17:17
listed? They're saying that to save
17:19
their own butts because If it's inferred that coinbase is
17:25
listing Securities which are they in trouble.
17:30
So this doesn't affect you. If you listen to what simply
17:34
Bitcoin advocates for stay humble, stack Bitcoin, only take
17:39
it into self custody, use it as a savings technology and enjoy
17:44
the Bitcoin roller coaster that goes only up and to the right.
17:48
Anyways. Opti, what are your thoughts
17:50
brother? Well, My first initial thought
17:54
is just shit Corners. Make us all look bad guys look
17:58
at the we're all over the news like we're all in the same boat
18:02
and now we're all criminals. Apparently in the in the
18:05
mainstream or Legacy Media is eyes and they just make us all
18:09
look bad. You know there's a fundamental
18:11
difference between bitcoiners and shit corners but I'm not
18:14
going to go full into it. I just wanted to make a point.
18:16
I've been saying, I think I said it all week that it feels like
18:20
we have definitely crossed the Rubicon.
18:22
Of Bitcoin quote-unquote mainstream adoption.
18:26
We are in the eye and everything is going to be scrutinized and
18:30
it just reminds me from being a person that got wrecked in 2017
18:36
as a noob. And now being on this side and
18:39
seeing people get rekt it's going to be a lot harder for
18:43
scammers out there to scam retail noobs in this market
18:47
because there is real consequences.
18:50
Now guys if you're a criminal Law will come after you and you
18:55
can't just run around and create more scams.
18:58
And look, I am not one that you know Advocates or is a fan of
19:03
authority. I've always been
19:04
anti-authoritarian but I believe in honest, hard work and if
19:10
you're a criminal hey go fuck yourself.
19:12
You make us all look bad. Quit scamming people, you
19:15
shouldn't scam and now there's going to be actual consequences
19:18
for scammers. So to all you scammers out
19:21
there, you better watch What you're doing and it's not me
19:23
saying this guy's, it's the powers that be so, hey do what
19:28
you want to do. I know what I'm going to do, I'm
19:30
going Stacks at stay humble, provide the value and do my own
19:34
thing. Nico or Randy, what's up?
19:40
Well it's Bitcoin user not affected you say there, it's if
19:45
you stack your beacons, you your noncustodial wallet.
19:50
Most of the things won't like actually do anything to you or
19:53
your commitment to the bit coin movement, right?
19:57
So yeah, stay humble, stagger Bitcoins, continue.
20:03
Buying when it's cheap, I guess is Wherever thing you can put
20:09
into bigger and not have it. You can see it losing value at
20:12
all the other stuff. Like I know your house your car
20:16
even if you have a can of gasoline now it's great to have
20:20
it but imagine that when you run out of that kind of gas you will
20:24
need to refill it and it's going to cost you more and if you're
20:27
going to refill it with your because you are doing it wrong,
20:32
Absolutely it Randy hit the nail on the head.
20:35
Bitcoin is a deflationary currency life, gets cheaper in
20:39
Bitcoin, right. So rather than Fiat with Fiat,
20:42
incentivizes you to suspend because it's losing value
20:47
Bitcoin. Incentivizes you to save
20:49
because, you know, you're purchasing power increases over
20:53
time, which is why it is the best savings technology man has
20:57
ever seen. Mankind, has better, seen better
21:01
set. Anyways, moving on to the next
21:03
part of the show. I always say that it West
21:11
because we have Financial privilege, I've always had
21:16
trouble convincing people because they see Bitcoin as a
21:21
speculative investment. But if you live in a country
21:27
like Venezuela, like turkey, like Argentina that I've had
21:32
inflation for a very long time. Bitcoin is not a speculative
21:37
investment, Bitcoin is a necessity.
21:41
Bitcoin is a way for people to get on a Lifeboat in a country,
21:46
whose currency is failing. And I believe that eventually,
21:49
this is going to come to the West.
21:53
So I have Randy on today to speak a little bit about Bitcoin
21:58
Venezuela and to speak a little bit about his experiences using
22:03
Bitcoin. In Venezuela and if he's used it
22:07
as it's designed right there's a little bit about Bitcoin
22:11
Venezuela, a Bitcoin Minnesota, they since 2012 and it's it's
22:17
they held it's a humanitarian humanitarian organization.
22:21
So we're going to talk a little bit about that but Randy so How
22:28
is it man? How is it that?
22:29
So in my particular situation most of my family is still in
22:33
Venezuela and one of the methods that I use to send money is I
22:38
send it to them in Bitcoin it's super easy.
22:41
Other options are absolutely terrible and the fees and all
22:44
this stuff. Randy are you using?
22:47
Because I know that stable coins are also very popular over
22:50
there. But look at what happened to
22:51
Luna stable coins, provide false Financial sovereignty.
22:57
What? Been your experience with using
22:59
Bitcoin and Venezuela are people using Bitcoin in Venezuela is
23:03
Bitcoin popular over there. What's going on?
23:07
Well this is not stable car. If it's stable bleep back to the
23:12
daughter. Is it stable going down?
23:14
It's like it's it's a steadily in a straight way route, right
23:20
to the to help, right that's what stable coins are.
23:24
So if people eventually use those they even they don't even
23:28
use it. Like, you know, I don't know
23:30
this try to take back one on one to one US DT in Bitcoin.
23:37
Master Gardener on the coin protocol.
23:39
Now they basically used wrong or Finance exchange, centralized
23:45
service - pay or something like that.
23:47
So it's there they could be using any.
23:50
Other thing is it will be better if they were allowed to.
23:54
That's one thing is that there are people in Venezuela are
23:58
prohibited from using most of the services out there because
24:02
most of the service have to comply with Multicultural
24:05
money's money. NG country capital and the US
24:10
sanctions and other countries sanctions in Venezuela.
24:12
So they just don't bother to do it and they block the entire
24:17
country because it's easier. Not because most people are ban
24:22
like in the case of Iran or North Korea but because it's
24:25
cheaper to ban everyone and not single, allow each one of them
24:30
and verify them. So That's the example that
24:35
people should be looking at. Like, they try with with Wells,
24:39
Fargo. They try with Bank of America.
24:41
They try to say the truth table and they end up banned from all
24:45
of them and losing their money. And if they go to the stable
24:48
guns, they're stable currency still losing purchasing power to
24:53
and it's still stable guy. So we disable coins have
24:57
compliance built into them. They can be also block and
25:01
drivers and fans can be frozen. So it's actually known
25:05
centralized censorship system. That's what Bitcoin is.
25:09
Some people can accept. That is the reality.
25:14
They can stop like, trying to gamble with those over things
25:18
beautifully Torres. Yeah, those are Bryant's,
25:21
obviously have a lot of marketing and they are all in
25:23
the country and they say they have thousands of thousands of
25:27
people and they have like ambassadors, they don't pay them
25:31
Bachelor but they give them anything source of payment.
25:33
It as a thank-you, this guy's a spend their money moving around
25:38
the country, and she'll in their coins.
25:41
And then they get nothing. And this companies and projects,
25:46
and SF trying to save the humans of the world startups.
25:53
Make fun of them online in their injuries.
25:57
So, when I see that, I say we are a bit good Venezuela, we
26:02
accept anything that you can throw I'll see if we can use the
26:05
app to exchange to be going and continue helping people in the
26:08
country feeding people and giving them any sense, okay?
26:12
We are going to accept anything that you want to donate, but
26:15
we're going to convert that to be clear.
26:16
And that's the way we are going to use it and we have been using
26:19
it for years now for seven years for monetary and a that we do in
26:25
the country. And like I said, we take
26:28
donations but we are not registered.
26:33
We don't see like registering with government that is
26:39
impoverishing, the country and the people there, and also
26:43
starving them to death, and then we are going to sign up with
26:46
them, so we can get money to help the people.
26:48
There are keeping, it doesn't make any sense to us.
26:51
We are a nonprofit organization with being for 10 years now,
26:55
running only on bit car, that's amazing, and you're absolutely
26:59
right in terms of because that's what happens with, you know,
27:03
with Socialist countries, that's what happens with Cuba, right?
27:07
Is that if you send money to Cuba and you do it, the right
27:10
way with the government does is it takes the money takes the
27:14
dollars, they keep it themselves and then they hand the Cuban,
27:17
citizen their currency, right? To the government and riches
27:20
themselves, they hand the the citizens, some shit coin, and
27:24
yeah, I absolutely agree if it's the same thing.
27:26
What is the, what is the my local government going to do the
27:28
same shit. We're just going to take it
27:30
themselves. So what about Bitcoin?
27:33
Option and Bitcoin use and Venezuela.
27:36
If you go to a store and you want to pay people, I'm assuming
27:39
that the country is dollarized by now, right?
27:43
Yeah. Well he's like not officially
27:46
the rise but everything is Bay indoors.
27:49
Now it's like gosh say say said like individuals take payments
27:55
and anything that looks like a daughter even if it's a stable
27:58
connection chicoine like I don't know he's preserving something
28:02
to dollars or something like that and algorithmic or back or
28:07
whatever they want to call it, but there is like Bitcoin
28:12
everywhere. Because it's part of the
28:15
marketing to is like Bitcoin miners are now like over
28:20
mandated and then government-mandated, everyone
28:25
who has power like power actual power, not a power, legitimate,
28:29
actual power like Mayors and governors.
28:33
They run their own Bitcoin facility with mining because
28:36
facilities. So they also own the malls.
28:39
They also own the supermarket. So they say, We have to talk
28:44
about this and you can go and pay for your T-shirt or you can
28:47
pay for a hamburger almost like everyone in the country and in
28:52
Bitcoin. Yeah, you can use Bitcoin.
28:55
That's that's one of the things they accept their.
28:58
I think they, I think they even have like one specific cashier
29:02
for that because that's the only person who.
29:04
Wow, wow, that's, that's insane. Yeah, it looks like the video
29:13
But all over the country, right? And is this is is this only this
29:18
only look up? Is it only Caracas or is it like
29:20
the by? Yeah it's everywhere.
29:26
Which are bothering with Colombia.
29:28
They usually only use use the word and Euros currency and they
29:34
also use Bitcoin. But one of the biggest it could
29:38
Minds, it's in the insolia so it's expected, right?
29:44
They call it the beacon City or the crypto see, I don't know if
29:48
they change the name already. It's Monica, which is in center
29:51
of the country Caracas. Obviously everyone takes Bitcoin
29:56
but that's the thing is that you are spending your Bitcoin
30:00
because you are making that big green as your income.
30:03
So that's cool that you are able to do it would be great if you
30:07
can do it like for your phone using Tor and maybe in, you know
30:12
obviously you know Self-serving wait, right?
30:19
It's, I think most people are not there yet.
30:22
They just have it somewhere in some centralized wallet or
30:27
closed Source wallet. Like most of the ayahs maps for
30:30
example, but well Beacon is used and you can use it and you can
30:36
send money there. So you can what a necessity for
30:38
system way? What is the name that that's so
30:41
fascinating? I didn't know that.
30:42
So there you, they nicknamed City in Venezuela, the Bitcoin
30:47
City and that's because there's a huge Bitcoin mine there.
30:50
What is the name of the city? Well Matt guy is kind of cocky.
30:56
Yeah it's in a real estate and who owns that one of the biggest
31:00
one who owns the armor and what one of the governor's?
31:05
Yeah. So so the Maduro government like
31:09
fucking those people there and too far.
31:12
Yeah okay yeah block into the system leads from there.
31:15
There are people who say that they mined with maybe B-52 on.
31:23
Hundred megawatts something like that.
31:26
Sand it down, doesn't happen to TriCity like eight hours a day
31:31
24/7. Right.
31:33
That's crazy. That's why, that's why you knew
31:35
about Texas. Oh, yeah.
31:38
It's and, and they're doing the same in Russia.
31:41
And also, I rang, you know, they dwell government mandated and so
31:46
the governments of Iran. The governments of Russia are
31:49
mining Bitcoin like crazy. That's the incentives.
31:52
And this is Is what you know the the book The sovereign
31:55
individual was talking about about geographical Arbitrage.
31:58
Right, think about it this way, right?
32:00
So if the United States is like hey and we're going to ban pick
32:03
what is Russia going to do. Okay Bitcoin miners.
32:05
Come here you know Iran's gonna say Venezuela's going to say and
32:08
we have a saying here in the United States, right?
32:11
Is whenever a minor becomes unprofitable, send it to sell it
32:17
to Venezuela. That's that's the same over
32:19
here. That's nine is unprofitable.
32:21
Send it to Venezuela. Yeah, there are His bike is
32:24
there for them. Absolutely 100% what we want
32:27
strikes as bothersome of day and night to need it from people in
32:29
the US. And it's not profitable holding
32:34
in the US. But this is still profitable and
32:36
he's always being and sure. Yeah.
32:39
The thing is that the government Crackdown individuals my name?
32:42
Hmm. That's literally why I left?
32:44
I left because of that. Yeah, oh yeah, you're from
32:48
there. I'm not.
32:50
I mean, so like I grew up in Miami but my family is from
32:52
Venezuela. And that's where I started.
32:54
My old mining journey is there but I remember it was 2017.
32:59
You mean, you mean Doris? Allah, you are from Doris?
33:02
What I do. That's so Le know.
33:04
So I don't know. I mean, I'm not from Darrell but
33:07
no, I'm from North know, I've been in Miami a very long time
33:10
do that. What should we call do dance?
33:12
Whele is that's Laura, Santiago, like people that are just coming
33:17
from Venezuela. Go to the road, I'll know, I've
33:18
been in Miami and I've been in Miami and I was in, I was in
33:22
Miami. Before it became popular for
33:25
Venezuelans, ha ha ha. You have to type of Venezuela in
33:29
every city, you know? The one that comes and they
33:31
deliver the food to you, and the ones that come, and you see them
33:36
with a car, that is even better than yours.
33:37
Anything, 10 years, she wanted to paint, right?
33:41
You got anyways, I'm doing that's true.
33:43
That's true after you with you thoughts.
33:47
My friend, you need to ask if he's father, is mine events.
33:50
What do you know? Unger asked if his father is a
33:55
military leader or something or some with power you just ask.
33:59
Oh that's your father - awesome. That's funny.
34:02
That's funny. Let's go.
34:04
First first off super interesting, I wasn't really
34:07
aware of all that stuff Randy. So I really appreciate and
34:10
second I just want to applaud you for the beach.
34:13
See ven nonprofit. That's just really really cool
34:16
stuff. And and super super inspiring
34:19
and like I say all the time mining is not my forte but I I
34:23
am a master of memes and the best meme here that popped in my
34:27
mind is, you can't ban Bitcoin, you can only ban yourself from
34:31
Bitcoin. So, shout out to all those
34:34
people Banning themselves from Bitcoin.
34:36
Someone else will mine Bitcoin. Someone else will take the
34:38
Bitcoin. That is the game as the game but
34:42
there's a lot of signal there. I really enjoyed that
34:44
conversation. Randy.
34:45
Many ways Opti it's time for the daily fail brought to you by
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35:26
What's up guys? I'm here to do the fail.
35:29
As you can see, we're gonna cover, vitalik, any Theory, I'm
35:34
on today's fail. He's been in the news all day.
35:38
Yesterday, spreading is Fudd. So let me just get into it, we
35:42
got this headline from fortune.com and it goes, the
35:46
talaq, Butte Aaron says, etherium will be 55 percent
35:50
complete post-merge amazing. How amazing that they are
35:55
Schilling eith and it's not even 55 percent complete.
36:00
Hmm, I wonder. Yeah, I wonder anyway, let's get
36:04
into this article a little bit because there's so much here.
36:07
So etherium co-founder shared some thoughts on Thursday.
36:12
Speaking at the theorem Community Conference vitalik,
36:16
started his conversation by comparing the network to its
36:20
longtime rival Bitcoin stating that the Between Bitcoin and
36:24
ethereum is that bitcoiners consider Bitcoin to be 80%
36:28
complete but he therians consider etherium to be 40%
36:33
complete. Interesting logic.
36:35
You're going down there. But Alec, interesting logic.
36:39
Anyways, we go down, he says, but he added that that 40%
36:43
figure is poised to jump after etherium.
36:45
Complete a long plan technology, upgrade known as the merge guys.
36:52
Remember, Brr, Phil's epic takedown of the eith roadmap and
36:57
the merge Splurge, Verge, whatever the urge was.
37:01
But once they get to the merge, ethereum will be about 50%
37:05
complete, we're getting really close.
37:07
It's really amazing. The talaq says, and last week,
37:12
the eith Deb's dropped a tentative timeline for the merge
37:16
aiming for September. And as beat Aaron says, it's a
37:20
long and complicated transition. Proof of steak, but it will make
37:25
it more robust us and I'll make it even better.
37:29
Anyways, following the merge eat their rooms road map.
37:32
Includes a few more major phases, including a four-part
37:36
upgrade that developers are calling the surge Verge Purge
37:40
and Splurge. All of which aim to make
37:43
aetherium, much more secure and decentralize and here's the
37:47
kicker, this went around as a headline for a while yesterday
37:51
and it goes at the end. Of this roadmap etherium will be
37:55
much more scalable system and by the end, you theorem will be
37:59
able to process a hundred thousand transactions per
38:03
second. And vitalik looks forward to in
38:07
etherium can settle down. At some point, the rate of
38:11
change will slow down. There are things that can happen
38:15
really, nigga? This is the funniest.
38:18
This is I love how they ended this.
38:20
There are things that could happen there are unknown
38:23
unknowns but those unknowns should decrease over time.
38:28
Okay, well of course I just had to bring up the eith roadmap.com
38:32
page because Phil just so thoroughly destroyed.
38:35
This definitely go watch. The eith roadmap is a joke
38:39
because it gets destroyed. Anyways let's go back in.
38:44
Memory, Lane a little bit. And remember that the etherium
38:49
merge has already been postponed.
38:51
It was supposed to be ready by June, but they did a headline
38:56
and said they have no firm date yet, so the much anticipated
39:00
murder event on the ethereum. Let's look back to the date is
39:03
April 13. We're in July 22nd 2022, and it
39:09
appears That they moved it back to September.
39:13
So of course, it's super, super complicated to do the merge but
39:19
I really, really love this comment that they put in this
39:23
article. And as you see Tim bike, oh,
39:25
he's a neat Deb and he goes, it won't be June but likely in a
39:29
few months after no firm date yet.
39:32
But we're definitely in the final chapter of pufa work on
39:35
ethereum. And how is this beautiful tweet
39:38
here? It wasn't early 2021 either.
39:41
And we've been in the Final Chapter for about four years
39:44
now. What's a few more months years
39:47
decades between friends? Oh man, so good.
39:53
And then we got, I just wanted to highlight.
39:55
We got a coinbase head of engineering mentioning that it
39:59
took technical complexity behind the merge itself that justifies
40:04
this delay in any delivery. So, let's just keep going down,
40:09
memory lane and we saw in July 15.
40:15
That the marketing of the merge pump, the price enough for the
40:20
whales to get in and start accumulating eith.
40:23
I had of the Network's highly-anticipated merge
40:26
upgrade. Remember the meme guys, buy the
40:29
rumor, sell the news. Hmm, it seems like this is what
40:35
is going on. So I did a little dive.
40:37
Of course I need to check out what they're actually saying on
40:41
the eith form about the merge. And yes, they are saying that
40:45
the Eric is going to ship Q3 Q4 as they're saying roughly
40:50
September, and this is the most significant upgrade in the
40:53
history of ethereum, extensive testing and Bug bounties are
40:57
undertaken to ensure a safe transition to proof of stake.
41:02
But I really love this guy's even in their own, in their own
41:06
press releases talking about the merge.
41:09
They continue to talk about the fact that they're postponing
41:11
this throughout ethereals history, developers have been
41:14
working hard at preparing, For an eventual transition away from
41:17
proof of work to proof of stake on December 1st 2020.
41:20
The beacon chain was created. If you remember from E3, sorry,
41:26
from Phil's. Eat roadmap is a joke.
41:29
You will remember that the merge is supposed to merge with this
41:34
Beacon change. So they've been doing it for a
41:37
few years now and they still can't figure it out.
41:39
So what is the goal of the merge?
41:42
Well, once eith merges. It will become a deflationary
41:48
currency likely to have an issuance range between negative
41:52
point five percent to - 4.5%, it's ultrasound money after all,
41:57
guys. All these changes don't mean
41:59
anything. But I really, really I have to
42:03
put a put our friends dunking on here guys cuz they can make our
42:06
points way better in one tweet. So again, this headline went
42:10
around, you Terian by the end of the road map Heath will process
42:13
a hundred thousand transactions per Second.
42:16
And then we got a tweet Here by Brian Schmidt and he goes does
42:19
the end of the road map finally met Keith decentralised or does
42:23
it remain the centralized caca coin scam?
42:27
That it's always been and D Whitman's.
42:29
Really been killing it on Twitter lately and he goes by
42:33
the end of the road map, the world will have moved to a
42:35
Bitcoin standard as they slowly learned that digital scarcity
42:39
can only be achieved once and that proof of stake is no
42:42
different than PayPal stock and you know That I love memes.
42:47
Ha, ha ha ha. This is the end of the theory of
42:51
roadmap. It's a dumpster fire.
42:54
They are never going to get to the end of the transition to
42:58
proof of stake. As Phil said, in the East
43:02
roadmap is a joke. This is all marketing, guys.
43:04
Shit coins are back by marketing.
43:06
They have to kick the can down the road when you have no viable
43:10
product, remember what they said.
43:13
After the merge they haven't even merged.
43:16
Ethier will be 55 percent, complete guys.
43:19
They are pushing a shitty product, excuse my French Nico
43:22
and they know it. Anyways, I thought this would be
43:25
just a good little pin on it. This is a visual of the
43:28
lightning Network. We already know that the
43:31
lightning Network can do as many transactions as possible.
43:35
I don't know, I don't want to put the hard numbers out, but
43:36
I'm pretty sure he can do a hundred thousand transactions
43:39
today. No more than that, more,
43:41
exactly. Hence my point That we are
43:44
already doing what the eith road map says we'll be doing in the
43:49
future. It's already happening right
43:51
now. It's on Lightning Network guys
43:54
do not get LED down the the shit coin path and give these people
43:59
your Bitcoin because Bitcoin is the Innovation here.
44:03
Everything that's being built on.
44:04
Bitcoin is where the future will move towards.
44:09
Guys don't fall for the shit coin marketing, its atrocious
44:12
and I honestly cannot believe how they are this transparent,
44:17
and people don't see between the lines.
44:20
Anyways, Nika, I see you shaking your head dude, amazing and
44:25
great job doing that. And dude like let's Riff on this
44:29
look the reality is that etherium has been trying to
44:32
migrate to to proof of stake for the longest time.
44:37
The deflationary thing the bit that he said, okay, so it's only
44:41
deflationary and to the It's the necessary political pressure
44:44
mounts up and then it will be inflationary again and then it
44:48
will be something else again and then it will be something else
44:50
again and there would be something else.
44:52
Again as long as it could be manipulated by human beings
44:56
which proof of stake is going to enable then.
44:59
It's only deflationary until it's not versus Bitcoin, right?
45:04
We know the having dates, we know the estimated dates.
45:09
We know the it goes from 6.25, to half of that, to half of that
45:14
to half of that roughly every four years for the next 100,
45:18
something years, and that doesn't change.
45:21
And that is a feature, not a bug as long as the monetary policy
45:25
could be manipulated and changed by human beings.
45:29
It will happen. If you want to separate money
45:32
from State, it needs to be fully decentralized and the monetary
45:37
policy cannot. Change..
45:42
Etherium is designed in a way where it is so
45:45
resource-intensive, right? The nodes are so
45:48
resource-intensive that only a handful of people could run them
45:52
which is why the majority of aetherium nodes run on servers.
45:57
They don't run by individuals running a note.
46:01
So, yeah, man. Like this is just noise.
46:04
It's a marketing gimmick because it's like, oh my God, let me buy
46:07
some etherium. It's about to be the only
46:09
deflationary currency. It's about to move to proof of
46:13
stake that doesn't use any power.
46:15
Wow, Bitcoin is old. Fuck Bitcoin, let me get myself
46:19
some etherium, it's all marketing.
46:22
It's all word salad. It, they still say, oh, it's
46:26
going to be done 55% of the way. It's been like three or four
46:30
years since this guy. Been saying, we're going to
46:32
migrate to perfect steak and it still hasn't migrated to proof
46:35
of stake. Goddamn look.
46:38
Proof-of-work was The Innovation.
46:41
It was the difference. Proof of stake is like trying
46:46
to, it's like finding a problem to give a solution too.
46:50
Make no mistake. The etherium guys are going to
46:52
do whatever in their power to attack Bitcoin.
46:58
Because that is how they prop their chicoine.
46:59
If it means killing the only decentralized cryptocurrency
47:04
crypto currency in existence which is Bitcoin.
47:06
They don't care. As long as they get their
47:08
Lambos, they don't care about separating money from State,
47:11
dude. They teamed up with the world
47:13
economic Forum. What the the girl that's on the
47:16
theory of foundation. She sits on the world economic
47:19
Forum. Like come on now, they'll Ally
47:22
with the state. Now I would government they came
47:24
up with the paper literally and we This on the fail, couple
47:28
months ago that literally said, why don't you build your Central
47:32
Bank? Digital currency on aetherium,
47:34
what the fuck? Because they don't care, they
47:37
don't care, they just want to get rich and they don't care if
47:41
it means killing Bitcoin in the process us bitcoiners are about
47:44
separating money from State and the process enter ending Central
47:48
Banking ending the tyranny of Central Banking.
47:51
And Eve, guys are just like, that's cool as long as you don't
47:55
shut us down because you can't shut us down because there's
47:57
Centralized anyways, Randy. What are your thoughts?
48:00
And then we'll move on to the software release.
48:03
Well, see a Syrian the things that you showed a Tiny Network
48:08
and you cannot get all the lightning.
48:10
There were no Runners people who runs those lying.
48:15
There were no time make transaction with each other, in
48:18
one call and tell all that stopped trade, right?
48:21
You cannot do that. You cannot do that with Bitcoin
48:24
either, so that's actually the central section.
48:27
And regarding the Syrian before the marriage you don't get it
48:34
Nico. That was not the true etherium.
48:37
We need to continue trying to get through a theory, right?
48:40
So it's like this, they are never going to get it because
48:43
they always say that thing from the bus, Ico stuff in the 2017,
48:49
that's it was not a theory. And when they started doing the
48:52
gaming thing, it's day. It failed miserably because they
48:57
didn't keep it simple. The eyes so much complexity to
49:01
their contract that anyone can go and empty their wallets.
49:05
They see how the millions dollars worth of water.
49:08
That's right. So they do it every week and
49:12
they don't, keep it simple. That is say, that was not a
49:14
theory. Is it?
49:16
Remind me a lot about someone who says something about Tara is
49:20
more than USD. That's why we're going to make
49:23
it again. Because that thing of the past,
49:26
that's not true. That's not the everyday reality.
49:29
We want, we can do it again. Everyone me something, you left
49:33
that country also they that's not real socialist we are going
49:37
to wha You can see the GitHub, the preface of their white paper
49:59
is actually a quote for an, a terrorist who was is the Uruguay
50:08
going man. And that's the preface of the
50:12
white paper. So that's the same which each
50:15
and every one of the co-founders and founders of all the if
50:19
you're even consistent project you can see what they were
50:24
before. For on their Twitter and you
50:25
what they currently are on the GitHub, they put it right there
50:29
and I can quote like, basically, we trying to make communist
50:33
where you basically that's not, that's not a lie.
50:36
You can go to gape at check it out.
50:38
Don't forget, don't forget, don't trust verify at this guy's
50:42
is exactly why she should literally stick to Simply
50:47
Bitcoin. Anyways, Opti it's time.
50:49
For example, the meme review brought to you by Citadel 21st.
50:53
Pass Bitcoin cold Rosina stories articles comments by actual they
50:57
Corners artwork for volume 11. This is the artwork for volume
51:00
tent and this is artwork for volume 12:00 a.m. 12:00.
51:03
I'm evolving to is almost sold out because there's only 1000
51:06
physical copies made per volume. I'm covering it, here it is 1000
51:11
get your print of Citadel 21 today.
51:14
All right guys I'm here to do the meme review today cuz you
51:17
know, I am the master of memes. And I saw this one and we played
51:22
this Pelosi clip for you guys. Is yesterday and Dave, Chappelle
51:27
and Pelosi together it. This is a match made in heaven.
51:30
This is my kind of content. So anyways, guys, watch this,
51:41
what do you think? No absolutely not.
51:50
Okay amazing that's good. That's good mean.
52:00
All right this one this one's more of in the lines of a
52:05
picture. Paints a thousand words.
52:07
So shout out the Zodiac. He goes there's definitely a
52:10
climbing emergency now that red is so scary.
52:13
So look at the dates here 6:21 Teen, all these temperatures are
52:19
higher but it's nice and green and then 621 2022.
52:25
The temperatures are lower, but it's green guys.
52:28
There's a crime record in cease fire.
52:30
Sorry, sorry. Sorry, you know what's worse is?
52:33
Go down? Go down on this.
52:34
Go down on this literally Twitter?
52:36
Oh no, it doesn't show Twitter, literally, put a disclosure and
52:41
saying that wasn't true. No.
52:43
The the media is taken out of context to that.
52:47
Shit. Why would they do that if
52:49
they're not trying to sell you a narrative, bro?
52:51
Seriously, I just saying that that Communications girl from
52:55
the white, the White House is trying to get explain.
52:58
You something that I think they're just trying to sell.
53:02
I really think that they're just trying to sell.
53:05
I mean, call hosting a narrative.
53:07
They're all through. What it is bro they want cause
53:09
they want communism and climate really need together doublespeak
53:14
straight. Yeah exactly.
53:16
All right. He continued.
53:18
All right this next one by T C and you know me I'm about to
53:21
coach her guys. So shout out to Yellow.
53:24
Hashtag, I am building. This is what like the Sumerians
53:28
worshipping Bitcoin and they all got the building hat on shouts
53:33
out to UTC. Great Meme.
53:35
And then of course, rope has been killing it on Twitter and
53:39
we showed you guys jack mahler's clip yesterday and he created
53:42
this meme right here, creating money cannot be free.
53:47
And I know everyone was kind of giving them some some some
53:49
pushback because he made the Bitcoin Maxis look like NM PCS
53:54
but they got the laser eyes and we all heard that same even more
53:58
like wow, that is an epic meme. Creating money cannot be free
54:02
and just for you guys talking smack rope acknowledge that.
54:06
This is a good mean for bitcoiners because it's not
54:09
making fun of them. He is the maximalist with the
54:13
laser eyes turned on. And next, of course, you've
54:16
heard about Capital in the news. Well here is another mean.
54:19
We got the above Pepe reading a book.
54:23
How to become a shit coin millionaire and you can get
54:29
back. Okay, this one is not by a
54:34
Bitcoin. ER, in particular Pepe liang's
54:38
goes but I know you're seeing what I'm seeing and you're
54:41
feeling what I'm seeing but inflation what inflation, a pack
54:45
of ground beef at the The same price as last month only it's a
54:50
little baby piece of meat. It's just a little bit smaller,
54:54
the lift it a little bit smaller and then this one Nico put in
54:57
and again sometimes we just got to put in a meme in here because
55:01
a picture paints a thousand words.
55:03
So shout-out to documenting BTC goes the last time.
55:07
Bitcoin was called a bubble. Okay here.
55:10
Yeah. Okay.
55:10
That seems reasonable. Let's see.
55:13
Oh yeah, about that. Now, But goes up Honey.
55:18
Badger Don't Care. And it's going to pump guys. 21
55:22
million hard cap in a world of infinite paper.
55:26
Money number will go up. Anyways, Nico, let me get my
55:31
score for you guys. And I got this beer mug, their
55:37
water, this is water, but is a beer mug.
55:40
It will get Frozen and used one day beer, mug.
55:43
Okay, I like it. I like it.
55:45
I'm going to give it some feats. I'd open like a clamshell.
55:51
Clamshell beats, anyways, Randy, what would you give those memes?
55:57
No, I think I give it. Take all my money.
55:59
My real mother, right? So it's gonna give it a
56:03
treasure. Wow, good scores.
56:04
Anyways guys, we want to know if you agree their scores, you just
56:06
Greek. Let us know down in the comment
56:10
section or write the mean yourself.
56:12
That's cool too. And make sure to subscribe to us
56:14
on alternative video platforms because we are exposing the
56:17
propaganda from the weathermen like rumble.com or personal
56:20
favorite, Bitcoin tv.com. And of course, make sure
56:24
literally takes two seconds. It's absolutely Free.
56:27
Join our telegram group. The link is down below.
56:30
You could link us some awesome Bitcoin memes through review so
56:34
we can review them on the mean review.
56:36
But anyways, Opti, there was an open source software released
56:39
today. Why do you tell everybody about
56:40
it? Software release brought to you
56:42
by Cipher safe, guys, don't store your seed on paper paper.
56:49
Will burn. Paper will get wet.
56:51
A dog will eat your paper. It's gonna suck.
56:53
What you want to do is you want to store your Bitcoin seed.
56:56
On metal. Yeah, that's right.
56:58
Metal is well, not all metal but Cipher safe metal.
57:02
Like the Cipher wheel. Like the cipher greed is
57:05
fireproof waterproof pet proof tamper-evident.
57:09
It's badass. Don't be that guy.
57:11
That lost their seat and paper. What if you have a boating
57:14
accident, you lose your seed. Their walls in the water paper
57:17
sucks, but if it's a metal, at least you can go dive in diving
57:20
in for it. Anyways, guys.
57:22
Check out Cipher safe that I do today.
57:24
Today, software releases cold card and For firmware version,
57:28
5.0 5 and it's got bib. 85 derived passwords in the NFC.
57:34
Oh my God. Sign transactions with
57:36
misinformed. Wow easier Q.
57:39
Oh my God, cue our scans. We got fixed multisig stuff
57:42
guys. This is a huge huge update but
57:47
don't forget to subscribe to us on our audio podcast that we're
57:50
on Apple. We're on Spotify, we're on
57:52
anchor and if you're a fan of the value for Value economy,
57:55
check us out on. Fountain, because they are
57:58
killing it. And I'm like, oh, awesome!
58:01
Thank you up to anyways. Guys, but we go.
58:03
We also want to give a very special shout-out to our awesome
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clothing sponsor represent. LTD.com opt-in I wear the
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hoodies every single day. He wakes Bitcoin merch.
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He makes simply Bitcoin Merchants just awesome merch
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overall. It's stylish, it's comfortable.
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And you can take advantage of the promo, code down below to
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Check out We Bitcoins blog by the Legendary Pirate Beach.
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Bum. Www.simpleandsensational.com,
58:33
use also want to give a very special shout out to Randy.
58:38
You go get more follow at Randy, Burrito on Twitter and
58:42
definitely check out Bitcoin Venezuela.com.
58:47
It's helped out with humanitarian Aid and Venezuela.
58:50
Definitely go check out the website.
58:52
Randy, thanks so much for coming on the show, guys.
58:55
That was a show. If you enjoyed the show, you
58:56
know what to do. You want to continue here in the
58:58
Bitcoin, use from the bleep left perspective, the catastrophic
59:01
fails of the shit, coiner central banks governments, all
59:04
of it. And the Bitcoin culture, the
59:06
memes, all of it. Definitely consider subscribing
59:09
to Simply Bitcoin will see you Monday guys for a brand new
59:11
episode. The Bitcoin price is cheaper but
59:14
my time is more valuable.