Latest / Simply Bitcoin / How Biden’s Executive Order Affects Bitcoin | EP 445

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How Biden’s Executive Order Affects Bitcoin | EP 445 · Simply Bitcoin

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I don't believe sufficient ever have a good money against before
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At the time of this recording. The block height is seven
1:06
hundred twenty six thousand six hundred sixteen the Bitcoin
1:08
price 40 1955 chain rewrite days 732 total public lightning
1:16
capacity. 3490 1.73 BTC Moscow time 2380 four blocks to The
1:24
Happening, 113,000 383 and the unspent capacity from the
1:29
Samurai Whirlpool, which is a coin Joiner collaborative spend
1:34
service 4403 dot 99 BTC. There's a little bit of a pickup
1:41
in that since yesterday like 15 more Bitcoin.
1:45
Nico the numbers, the numbers bro.
1:48
Good numbers. You're going to keep saying
1:51
that, you know, the samurai, the samurai capacity it's going to
1:54
be, you know, we got to show it until let's go Brandon, you
1:59
know. Anyways, the the executive order
2:03
wasn't as bad as we thought, we're going to get to that and
2:05
use. We're going to go over it.
2:07
But before we do that, Phil, I wanted to cover a concept that I
2:13
think I think we've hammered home many times on the show, but
2:19
so many things have happened that I want to hammer it home
2:22
again. So let me pull up this video by
2:26
Boris Johnson. He is the prime minister of the
2:29
UK. Let's check out the video, shall
2:32
we? And shout out to Bernie's tweets
2:36
today, he said, all that would change.
2:38
Thanks to a new law being rushed through Parliament.
2:40
We are making sure that we have new powers to distrain to take
2:46
people's to take people's Assets, in to take people's, to
2:51
take people's assets. So again, this is absolutely
2:56
Bonkers and let me give you guys some refresher, right?
3:00
Only in Russia, right? Russia is now telling people in
3:06
Russia, that you can't sell for inquiring.
3:09
You can't you know, suspend foreign you can't buy foreign
3:12
currency. Why do they not want people?
3:14
Buying their foreign currency because it would devalue it
3:17
inflate the ruble even more. So they don't want people
3:20
getting an escape valve in foreign currency.
3:23
They did this in Venezuela, to, with capital controls.
3:25
I know they do this in Argentina, right?
3:29
But it's, you know, Then, dude, but it's like, it's crazy
3:33
because it's not, they're not leaving giving these people a
3:35
chance. Right.
3:36
Major fund managers have Frozen at least three billion dollars
3:40
in accounts and assets exposed to Russia as Ukraine.
3:43
War wreaks, havoc on markets. What they don't say is that they
3:47
also froze accounts in the Ukraine.
3:51
So you can't use your regular bank account in the Ukraine
3:55
either and let me read some of those articles some of the
3:58
world's biggest asset measures have Frozen withdrawals from
4:00
Russian Focus funds after the country's attack on Ukraine.
4:04
Big fund managers. Including JPMorgan, Omni BMB B
4:09
and P pair of us, have Frozen Russian like the crowds worth at
4:13
least three billion dollars, but it's not only that.
4:16
We also know, Western Country we have.
4:19
This is just a reminder, the Canadian protesters trucker
4:23
truckers sees bank accounts frozen over connection to
4:26
Freedom Convoy just by the mere fact of them.
4:30
Protesting. So let me go through the list
4:33
real quick. If you're a Russian citizen, you
4:36
can't find Salvation. You can't you're forced to stick
4:40
it through in this hyper inflated currency.
4:43
If you're in the Ukraine, your bank account doesn't work, so
4:47
you, which means you can't flee. But we've also heard stories
4:51
that some people are using Bitcoin because that's the only
4:53
thing that keeps working, all these Western countries,
4:58
seizing, Russian assets, all over the Old dude.
5:02
And then of course, you have Canada right Canada.
5:05
People because they went to a peaceful protest against you,
5:08
no, mandates of the thing that cannot be named their accounts
5:11
are frozen. Why am I going all through this?
5:14
Just to remind you that. If your money is in the bank, if
5:18
you're using the state's money, it does not belong to you.
5:24
The politicians, see it as theirs and they will use it.
5:31
As they see fit, if you went to the wrong protest, if you happen
5:36
to be in a country, that was invaded.
5:39
If you happen to be from the country that was doing the
5:42
invading, but you had no idea because that's your government's
5:45
decision if you happen to be in the wrong country.
5:51
You're starting to see a pattern here.
5:53
It's obvious, if your money is in a bank account, as much as
5:57
they would like you to believe it's your money, it is not your
6:01
money. It's in a multisig actually, two
6:06
of the key to two or three multisig, two of the keys.
6:09
One of the key is held by the state.
6:11
One of the keys is held by the bank and you own one, one key.
6:15
So you still need permission from these other Keys just to
6:18
access your money. If you self custody Bitcoin,
6:23
which is what we've been talking about.
6:24
For so long on this show and you are the sole possessor of those
6:28
keys. That is your money.
6:32
And no matter who, what politician says that you are not
6:36
right, or your country's at War and whatever you could take your
6:40
money with you. And no one's going to uncomment
6:43
confiscated from you especially if you store those keys
6:47
correctly. Clown World dude, clown world
6:52
but you know what? Amazing advertisement for
6:56
Bitcoin. I hope these people keep
6:58
freezing accounts, they keep doing all this shit because it
7:01
just highlights the importance of of an apolitical money, a
7:06
money that cannot be censored on money that cannot be confiscated
7:11
clown world is doing all the advertisement for Bitcoin.
7:13
And you know what, they keep cracking down, they keep doing
7:16
this the honey badger doesn't care doesn't matter whether
7:19
you're in Stan, doesn't matter whether you're in the Ukraine,
7:21
it doesn't matter whether you're in Venezuela, it does not
7:24
matter, you could still transact in Bitcoin.
7:29
So, governments bureaucrats keep doing your thing because you're
7:34
helping our cause Phil. Yeah.
7:37
You know, I was actually, as you were finishing up.
7:39
That was exactly. My point was that we are
7:41
witnessing. The greatest advertising
7:43
campaign for separating money from State.
7:46
I mean, all they're doing is showing essentially.
7:50
What they're showing is, is how weak they are, right?
7:52
How weak the state really is, and at the end of the day,
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right? It's not about having a proper
7:57
medium of exchange and a proper store of value.
8:00
Like, store value was never was never part of it, right?
8:03
This is why we've all been brainwashed with the with the
8:05
diva with the devaluing money. So this was never going to be a
8:09
part of it and we can really see.
8:11
Now the cards are being laid out and they know that they're in
8:15
trouble, right? The state knows that it's in
8:17
trouble. They know that that's why
8:19
they're doing this. Censorship people more and more
8:21
people are waking up to the fact, like you said, the money
8:25
isn't isn't ours. Right.
8:26
Every time we go to every time we go do a transaction where
8:30
essentially asking for permission, that's what happens.
8:33
Every time you go use your credit card and sadly, that's
8:37
actually even what's happening when you use your debit card and
8:39
that's money in your bank account supposedly, right?
8:42
But that's also the, my that's also kind of the, the mindfuck
8:45
is that, that money isn't even really there, right?
8:48
When we go deposited into the bank account, Like that.
8:50
That's not even really ours anymore.
8:53
Yes, it is with a bunch of strings attached but at the end
8:57
of the day, we have to, like I said go and ask for permission.
9:00
So you know what? Hey, thank you for doing all of
9:03
this. Because we really probably
9:06
couldn't afford to dish out all this cash for all this
9:08
advertisements. So, you know, hats off to the
9:11
government's. They're doing a great job and
9:14
make no mistake before I pass it on to Gooseman.
9:17
These are the same Psychopaths that want Central Bank, digital
9:21
currencies, the same ones, the same ones.
9:27
Hey, we don't like that. You bought you drove too much
9:30
today, your money, oh, you have to pay a 50.
9:35
You have to pay a 15% premium Now, for gas, right?
9:39
Because you drove a little bit too far.
9:41
You went to the wrong protest with the the non-government
9:44
approved protest. Let's cut off your Any these are
9:47
the same people that want that trust which is why you have
9:51
Jerome Powell and saying in a meetings do these you know
9:54
cryptocurrencies there for speculation even though we
9:57
showed you the receipts, the US dollar has lost ninety-nine
10:00
Point fifteen percent towards Bitcoin.
10:04
The u.s. dollar is speculation. If you're holding it for his
10:07
Bitcoin, these people are not skies and this is going to
10:11
continue to heat up. They're gonna freeze more
10:13
account. So, the question that I have to
10:15
you is, why do You have your money in the state's money.
10:19
It's their money, it's not really yours only Bitcoin could
10:24
be really yours Gooseman. What are your thoughts on all
10:26
this? Oh yeah.
10:28
I actually just like we do all and I would say like I would
10:30
take it like a step further. Thank you.
10:32
Bitcoin is not only be unconscious couple money.
10:35
I would say the only unconscious physical asset and success.
10:39
And this is something that we've seen with the kind of associate
10:43
sanctions against Russia like last week.
10:47
Was not your Port. Not.
10:48
Oh yeah. Because they are like,
10:49
especially see seen all of these like Russian oligarchs yaps as
10:53
well, right. So now what will happen next?
10:57
What happens if next year, I go to the protest against the
11:00
Canadian government would my bank account will be seized but
11:04
what a my house like could they also take that mean?
11:07
It could happen, right? So I think Bitcoin at the end of
11:11
the Apes, not only. Did you tell money like this new
11:17
monetary system that we don't like working mites?
11:18
Also things like unconfessed, couple digital asset and the
11:22
only asset that you connected custome on and like no one can
11:26
like ever. Can I learn essentially take
11:28
from you as long as you have those like 12 or 24 words
11:33
memorize, you know, brain or like within somewhere.
11:36
And no one else can access your pretty much sad.
11:39
And nobody can take that away from you.
11:41
So essentially like gets me to think what's been happening.
11:45
So few months and weeks. Should we like be even like
11:49
advising people to like guitar sets get houses?
11:51
They should be releasing Stat or stuff like that because on the
11:54
other day if you don't actually own property or the government
11:59
just buy like a unilateral decision can take that away from
12:03
you. Should you be like buying like
12:07
land the other day? All I cars property auditor.
12:12
The case may be so I will do. In like, take it a little
12:15
further and say, in kinesiology Uncle physical last time.
12:19
And the only thing that we'd essentially, we ensure your
12:22
freedom moving forward. Absolutely.
12:25
I completely agree because all of those things, right?
12:29
Yeah. You own them on paper but we see
12:31
how much that goes, you know, if the government sees you went to
12:34
wrong protest, she runs her own, whatever.
12:37
They just take it, they just take it and exactly.
12:39
Right? I think the Russian billionaires
12:42
Yachts, just being to think about how crazy.
12:45
That is it was that Russian billionaire telling Putin?
12:47
Like let's go. Invade Russia.
12:48
No, no, and then all of a sudden his 1020 million dollar yacht
12:53
just disappears. And again we're not advocating
12:56
for the war and it's absolutely terrible.
12:59
That Russia invaded Ukraine but we're really trying to get into
13:04
your guys as heads is why the Russian people paying for
13:10
something that the Russian government has done.
13:13
That's the equivalent of the United.
13:15
It's like if you live in the u.s. all of the United.
13:18
All like if we as Citizens started to pay for when the
13:23
United States government on false Aquas a accusations, I
13:27
might add invaded Iraq. There was no weapons of mass
13:31
destruction but we still invaded there.
13:34
So imagine if all our accounts got says, Ze seized Frozen.
13:39
Like it's Bonkers. So, to add to what other hand
13:42
there was saying it's like, dude, If if you if you if you
13:47
own Bitcoin, if you don't own Bitcoin anything your else is it
13:50
really yours? Is it really yours?
13:52
No, it depends. If your government if you're in
13:56
good standing with your government or not with Bitcoin
13:59
is a matter whether you're in good standing with your
14:01
government or not, that's the power of Bitcoin and that fact
14:05
that you could memorize 12 words, 24 words and you could
14:09
store trillions. If billions if not trillions of
14:11
dollars in your mind is going to change the world.
14:14
That is Really powerful and that's why the establishment
14:18
absolutely hates Bitcoin Phil. Yeah.
14:22
You just Illustrated the perfect rules for the route, you know,
14:26
rules for thee, but not for me point, right?
14:28
Because look, the u.s. went in invaded Iraq.
14:32
And there were no weapons of mass destruction, and all of our
14:34
accounts, kept on working, right?
14:36
So, that that is the the, you know, a perfect example of that,
14:39
it's awful. It's it really is.
14:41
It's a paw crasy at its finest but I always fill It's time for
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15:01
ways that cells. This is from the tweet from
15:04
Bitcoin Gandalf and he was covering covering an
15:07
interesting. An interesting point made by I
15:12
think it was elon's brother Kim. Musk.
15:16
Okay, so let's dive into this really quick, in an interview
15:19
with TechCrunch on stage, at the etherium Denver conference,
15:22
Tesla board member, Kimball musk brother of CEO.
15:25
Elon Musk said that the company had been very ignorant of the
15:28
environmental impact of Bitcoin when it announced last year that
15:32
it would purchase 1.5 billion worth of the cryptocurrency and
15:35
would plan to allow owners to purchase the company's vehicles
15:38
with the currency. When we invest in a Bitcoin, we
15:40
were very, very ignorant. We had no idea of the
15:43
environmental impact we literally Did know.
15:46
We were like this seems like a good store of value in a good
15:48
way to diversify assets. And of course he didn't take
15:51
very long to get a mitt to get a million.
15:54
I'm not kidding, probably, a million messages telling us what
15:58
we were doing to the environment said Kimball musk in an
16:02
interview with this reporter. And of course our company is
16:04
about creating Alternative Energy, Futures.
16:07
So we really were not informed enough when we made that
16:11
decision. Kimball musk says that while
16:14
Tesla didn't necessarily We regret it's Bitcoin purchase.
16:17
He hopes that the broader blockchain industry can move to
16:19
more environmentally friendly infrastructure noting that his
16:22
own philanthropic organization. This is the kicker guys.
16:26
Big green had embraced a crypto - Deo governance structure.
16:32
Operating on a less energy-intensive blockchain.
16:36
You mean something that's centrally?
16:37
Controlled, write something that's centrally controlled by
16:41
you. Oh yeah, that's right.
16:43
His own philanthropic. Organization.
16:46
But hey, it's green. And that's what's important.
16:49
It's green. Exactly.
16:50
Nico. And I mean, this is just
16:51
absolute nonsense. It's completely ridiculous.
16:54
Of course, he's at an aetherium, you know, in aetherium
16:57
conference. So he's going to tell that
16:59
nonsense. But look, I just you know for me
17:04
it was really this absolute nonsense about the ending piece
17:09
where he shills add a 0. Like are you serious?
17:14
Men like this. This is how stupid this is
17:18
really how stupid they think everyone is.
17:19
So they didn't take the time to understand why proof of work was
17:22
important. They didn't take the time to
17:24
understand the stranded energy, you know, proposition from
17:27
Bitcoin. They didn't take the time to
17:28
understand any of this, but what they did figure out is hey we
17:33
can do something on a shit coin that we can control and we are
17:38
the kings of this castle. And as we've seen with you on,
17:41
he is a complete Go maniac, and it's always about the Elan show.
17:46
So, you know, what? This doesn't really surprise me
17:49
even though don't get me wrong. These comments are by his
17:51
brother, but it makes no difference, right?
17:53
They're going to tout the same line.
17:55
Remember, none of us are better than our incentives.
17:59
Before I go to the next one. Any yeah, it's on this.
18:02
I think I think you I think you really, you know, I look as much
18:06
as I like Elon Musk as an entrepreneur.
18:09
I think he definitely is an egomaniac.
18:10
I think he's upset because PayPal originally set out to do
18:16
what Bitcoin is doing today. But then it eventually got
18:19
captured by Regulators because it was centralized just like
18:24
shit coins, will inevitably get captured because they can write.
18:29
And I think the fact that, you know, he wasn't the one, you
18:32
know, where he was, he wasn't, you know, first to the pack, you
18:35
know, and he got in, I wouldn't say late but he wasn't in the
18:38
Pioneer face. You know, where as in everyone I
18:41
think that adopted Bitcoin before 2017, you're in the
18:44
Pioneer were in the early adopter phase, you know, men.
18:48
Perhaps you know that that, you know, made him a little bit but
18:50
hurt, right? But you know dude look at the
18:54
end of the day, he did, you know, by you did put Bitcoin on
18:58
on On Tesla's balance sheet that I feel like that's the most
19:02
famous public company that did that.
19:05
But you know I think it's a shame that he just turned around
19:08
and then he just started focusing on Doge.
19:11
There's two things that could be happening here.
19:13
Perhaps it's the egomania side, he's like oh, you know, PayPal I
19:17
should have done this with PayPal and then the other
19:19
component could be that he's just paying his dues, bro,
19:22
because it, you know, the reality is, bro, like you get
19:25
into Bitcoin it takes you about it, takes you a couple.
19:29
Couple years for you to fully appreciate what makes Bitcoin
19:32
different versus you should coins or you're like, oh it's
19:35
faster. It's this but most people pay
19:37
attention to the tech narrative rather than the importance of
19:40
decentralization so I don't know I think it could be both things
19:44
but Gooseman what do you think of this?
19:47
I agree with you and I think to be fair I think mosque is
19:51
changing that ignition narrative a little bit.
19:54
Like for example a couple days ago when they say Like oil
19:59
crisis starts to spike after the Russian Ukraine war.
20:03
He was like reading about like how the US should start like
20:07
pretty much like grilling everything like oil, well, and
20:09
that you have and just like, pumping out, like not cast
20:11
production and another on. So I think it's starting to get
20:16
to that point where you select making a click like why energy
20:19
is really important? I think he's still not under the
20:23
inflection point, but we will get there also.
20:26
Like, I think yesterday a couple days ago, she was like me me
20:28
about like Nakamoto as well. So I think like Bitcoin still is
20:32
very much in his mind like thinking about it all the time.
20:38
I mean, I agree with you all that he did make a terrible
20:41
movie like saying, hey, we are not going to support good
20:43
compromise anymore like this bullshit about like, big mistake
20:46
this much energy. I think we touched this awesome
20:49
in the previous episode where like energy consumption is not
20:52
bad, it's completely the opposite.
20:55
If you see like a correlation between like, A human
21:00
nourishment. Like GDP growth and energy is
21:02
likely to detect what? One energy brings up, everyone
21:06
else. That's better.
21:07
So like addressing the like energy for this extremely
21:11
important and then also what like Bitcoin doesn't like going
21:15
to your point fail is that it provides a base load for cities
21:19
to be able to operate under like any condition and like, and here
21:23
like an example is that say I know just use an example.
21:26
Like if you say, Let's say that every day, they require like, 50
21:30
megawatts of power, but winter is really cold.
21:33
For whatever reason, like once or twice a year, they need 100
21:36
megawatts. Nobody's going to be an
21:38
infrastructure to support those spikes in energy.
21:41
Consumption? Because you just not profitable
21:43
to do so. But you could do is have like,
21:45
Bitcoin, miners are like feeling than 15 are.
21:48
What essentially buffer are operating. 364 days a year and
21:54
whenever you need a power - turn off in like 10 seconds, we could
21:58
use because you can like delivery cool table, hundreds of
22:02
megawatts of minors in seconds and make all of that power
22:06
available to to the cities and the communities pretty much
22:11
instantly. And this is something that we
22:14
saw in Texas this year compared to previous year were previous
22:17
year. We had like out the Jess was way
22:19
too cold. Essentially the grid wasn't able
22:22
to sustain this low Bitcoin miners have been increasing
22:25
their capacity a lot or the last like 12 months.
22:28
Click exponentially and we see here, they were able to court a
22:32
the load and people were able to keep the lights on, keep the
22:36
hair, the the house, warm. And that was all, thanks to
22:40
become Iris because we are investing so much money into
22:42
infrastructure into like, new power sources.
22:46
So, so, yeah, kind of to wrap up there.
22:49
I think Elon is starting to make or will be soon that kind of,
22:53
like, fully understand like energy part of Bitcoin energy.
22:58
Option. So let's see where it goes.
23:03
But yeah, absolutely. And it's actually interesting
23:07
that you say that, right? It's and it is exactly.
23:10
You know, there is so much propaganda pieces that were
23:12
trying to attack it. Bitcoin actually makes Not only
23:16
does Bitcoin make green energy profitable without relying on
23:20
government subsidies or potentially profitable as was
23:24
the case with Texas and no pulp. You guys are, you know, a couple
23:27
article headlines. For it, you know, they were
23:30
talking a big game but when it actually happened, when Texas,
23:34
endured a Texas when I'd like a winter storm.
23:37
One of the first things that the Bitcoin Miners did was shut off.
23:40
They actually shut off, you know, but you know, when there's
23:43
going to be points in the grid where there's an overproduction,
23:46
those Bitcoin, miners are always going to be the buyers of Last
23:49
Resort. So so, yeah, man.
23:51
Very, very interesting stuff. Thanks Goose, fun.
23:53
When you always have minors on the show bro they're always on
23:56
point with the energy stuff but Okay, so what's the next fill?
24:00
All right, all right, we're going to dive into this one.
24:02
We were tagged by quite a few plebs on this.
24:05
Just happens. The crypto scam.
24:07
SEC. Slaps siblings with 124 million.
24:11
Snake, oil fraud, charge sounds spicy.
24:15
Here we go. Cryptocurrency, entrepreneur and
24:17
his sister have been charged by us officials with crypto scam.
24:22
On a Wednesday, accusing them of defrauding retail investors of
24:26
millions of dollars using a bogus shit.
24:28
Mine the SEC alleges the John and Tina duped, thousands of
24:33
retail investors of more than 124 million through to
24:36
unregistered Securities. Offering offerings featuring the
24:40
fake coin. Additionally, the couple is
24:43
charged with running or mius Global a multi-level marketing
24:48
program from June 2017, to April, 2018 that offered
24:52
subscription packages that included or mius which is the
24:57
the shit coin. So they miss less, they were
24:59
misled about the value and profitability of or me as his
25:04
coins mining assets stating that the coin was backed by 250
25:09
million dollar crypto, mining operation that earn more than 5
25:13
million in monthly Revenue. However, mining was suspended in
25:17
2019 much to the Chagrin of investors.
25:20
I'm going to suggest here that mining never even occurred not
25:23
even once not even for a second, but I digress much to the
25:26
Chagrin of investors who had already.
25:28
Vested in the coin, the couple allegedly developed phony
25:32
wallets in order to conceal. The fact that or me is was not
25:36
being mind. Now look normally I take you
25:38
guys on this painful Journey. Looking through you know how
25:42
this thing works, right? But I figured we take a little
25:45
bit of a different angle okay, went to their website, the Army
25:49
is coin website and let's take a look at how quickly we can
25:52
figure out how this is a scam, right?
25:56
Let's start off with that because, right, this is a token,
25:58
right? The people are buying so think
26:00
about that. These people are pretending to
26:01
be money. So if you're pretending to be
26:03
money, like how are you pretending to be money?
26:05
Let's let's take a look at this. So first, I always love.
26:08
I love it when they put little quotes, right?
26:11
Right at the beginning. I do that kind of stuff to when
26:13
I want to seem a lot smarter than I am.
26:15
Put in a nice quote from somebody else.
26:17
Out of many one makes gold. That's right.
26:19
Out of all the suckers. These two people were trying to
26:22
spin gold that to me. That's what I understood by
26:24
this. But anyways, let's dive into how
26:27
this works, right? This is red flags.
26:29
Here we go. Or me as coin is a new digital
26:32
money system, backed by a fully audited industrial, crypto
26:36
mining operation revenue. From the mining Farm is
26:39
cryptographic Ali tied to the or mius Reserve Vault through proof
26:44
of asset technology and self-executing ethereum
26:48
blockchain smart contracts. In other words, a token should
26:52
going powered by Green energy or me is coin is currently in
26:55
possession of Bitcoin Litecoin. And dash mining Rings.
27:00
Why the fuck am I gonna buy this token?
27:01
If all they're doing is mining other tokens to back this token.
27:06
So to me this is another red flag right?
27:08
Why you should not buy into a shit coin like this.
27:12
All right, let's continue down. Look at this, this is just
27:14
interesting and weird, right? Like Nico will definitely
27:16
appreciate the fact that they put a an S9 over here.
27:20
You're one of them. I don't know.
27:21
Looks like it looks like a nest 9.
27:22
It does respond. What is that?
27:23
That's not right. Yeah, it looks iguana.
27:25
Yeah, but looks like one. So there you go.
27:27
So you're thinking, you know, people In mining, right?
27:29
These guys know what they're talking about, they just put a
27:30
minor on the page, guys mean business.
27:32
So here we go, check this out, pursuant to purchase contracts
27:36
signed in November 2017, industrial cryptocurrency,
27:39
mining operations have commenced at a state of the art facilities
27:43
in North America. That just sounds like coffee
27:47
face don't even know what to say and like doesn't it seem like a
27:51
really old headline? Don't you think you'd have
27:53
something more recent because think about it, right in the
27:56
article that I read to you guys they had Stopped mining, which
27:59
means their website should indicate that they're no longer
28:01
doing this. But yet this is the last piece
28:04
of information on it. So again, more red flags why you
28:07
should not touch this shit going.
28:08
You know what to me, the majority of the work went into
28:12
the marketing and the website but in the website specifically
28:15
the roadmap, check this out. So here we go.
28:18
The first thing they did in 2017 was build their shit coin and
28:22
name it right? So boom, 25 bucks my shit coin.
28:24
Here we go next. So think about this, right?
28:27
They minted a shit cause And then they assembled, according
28:32
and design. The Army is brand.
28:34
So there was never a Dev. There were no devs.
28:36
Okay, all there was was minted, shit coin and marketing and
28:41
branding. And then this is the best,
28:43
right? This is how because look at the
28:45
Timeline, right 2017. Think of the narratives
28:49
proof-of-work, you know, people, you know, people were talking
28:51
about, you know, a theory and all that stuff.
28:53
So proof of you know, like pretending the proof of steak is
28:56
gonna happen one day and what do they do?
28:58
They deploy Base Line, mining infrastructure.
29:02
So back then, the narrative worked, great to get people in
29:04
thinking, hey, this is going to be like Bitcoin, right?
29:08
But then after that, it shifts and all of a sudden in 2019
29:13
altcoins smart contract but it was already an ER, see token so
29:19
they already were mining anyone. That anyways, look anybody
29:22
that's paying attention? Can can see that?
29:24
This doesn't make any sense at all and then they relocated
29:27
their mining equipment. To a new partner facility but
29:31
they started off by minting a shit coin and you'll notice that
29:34
they never discuss creating a client creating anything.
29:37
Okay, all it is, is we made the shift coin and marketing and now
29:41
all of a sudden we fast forward to 2020, right?
29:44
Look, we were already doing the daily fails in 2020.
29:47
What are we starting to talk about?
29:48
They oh there you go. 2020 executed contract for Dale
29:52
governance model. Now we're pivoting again to get
29:54
more shit cleaners in. Now all of a sudden they're
29:57
staking Pay attention in Q2 of 2020.
30:01
They relocated their mining Force to a new to a new
30:05
facility. So are you staking, you prefer
30:07
work? We prefer steak or you?
30:09
Do you know what you're doing? If no clue and then, right?
30:12
They finished it off with defy because that was the last
30:15
narrative that was going. So look, I just have to take
30:18
that thing apart by looking through that website.
30:20
That is a horribly made site. It has all kinds of red flags to
30:24
tell you that this is complete dog shit.
30:27
So, anyways, at least they got Sid and yeah, don't fall for
30:31
this crap. Dude I still don't know what
30:36
mining having a six has to do with that coin, but I feel like
30:41
they just it, I feel like this reminds me of like a 20-17 Ico
30:45
projects. That's The Vibes that it gives
30:47
me but it's it dude. Listen, it's The Branding, it's
30:52
the marketing, it's the pizzazz. It's meant to think you.
30:55
It's meant to make you think that they have all these
30:58
associations. Therefore you're going to
31:01
benefit, they owed miners. You're going to benefit, but in
31:04
reality. Are you getting some of that
31:07
mine Bitcoin that they're mining or some of those mind?
31:10
Should go is no, right? You're all you're getting is
31:12
this shit coin? That could literally be to
31:15
created with 25 bucks? Exactly what you said.
31:17
Phil it's super easy to just meant your own ECR. 20 token?
31:21
Yeah man, it's just another shit coin with crazy marketing and
31:25
this is exactly why we dedicate a portion of the show.
31:28
So just exposing these fucking shit coins, right?
31:32
And so you can no. So we could at least hopefully
31:35
some of you listen and just stick to bitcoin because
31:38
remember all of these should coins are created for one reason
31:42
to redistribute wealth from the back holders from the buyers of
31:45
those shit codes back to the devs because they definitely
31:48
like Bitcoin anyways, Gooseman, what are your thoughts on this?
31:52
That's your minor know, what did you think of that S9?
31:57
No, I mean it was super funny when they have this Ai algerie
32:00
and I was like profit switching between all of these coins and
32:04
like you cannot like mine bash, like going with the next
32:07
assignment for minor my sleeve coin can only my Bitcoins.
32:10
I was like finding himself and it was like AI, right?
32:14
So there are super intelligent about like which going to see
32:17
profit stretch like super Advanced.
32:19
I mean, I don't have anything else to add to be honest to.
32:21
What do you want? Just said, I mean to me it seems
32:25
that someone literally 30 minutes, go into Google, finding
32:29
the top 20 passwords, and then just like dumping them all.
32:32
And she like about side, I mean, what do I have here?
32:35
Like, hey I for sure whining. Ha ha ha.
32:39
Thank you. The sad part is that they all do
32:48
that, right? It's just that, they try to spin
32:50
you with these buds. Etherium, does this xrp does
32:53
this, right? They tried to spin you with.
32:56
This over complexity of like all this is whatever the end of the
32:59
day. It's a shit coin.
33:01
That's what it is, right? All of us and it's literally
33:04
what it is and what's really scary I was on the team page and
33:08
the team page the only person there I think that's real is the
33:11
guy that they caught for right, John.
33:13
Right. Because there's John and Tina,
33:15
they're brother and sister team. You look at the team page and
33:18
none of these people seem real to me.
33:20
Like I like they mentioned that they have devs.
33:22
Like there's not a chance that you have a Dev, not a joke, I'm
33:25
sure they hired. They hide.
33:26
They went to like up work and they hired someone in Pakistan
33:29
to put the website together. Come on, bro.
33:32
Ha, ha ha. Okay.
33:33
Okay. Anyways fill the shit coin.
33:36
Slayer, slaying. Another shit coin.
33:38
But anyway, so it's time for the daily mean, review brought to
33:41
you by Citadel 21, it's the best Bitcoin cultural Zine it's
33:45
stories articles Comics by toxic Savage bitcoiners, every volume
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has different artwork. This is volume 10.
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It just came out, of course, all the art is Buy, Corners of
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course, they're scarce is only 1000 copies made per volume.
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Get your print before they run out of Citadel 21 today.
34:04
All right, everybody member view, you guys know the drill
34:08
the meme of year. We're going to go through
34:10
awesome Bitcoin memes and then we're going to give it a score
34:13
that's what we do on the Bitcoin, me and review.
34:15
Anyways, check out the first Beam by pubie.
34:18
Also known as Pub lowered hottel.
34:20
So where does this all end? Exactly.
34:22
I poured out all the Vodka sub trying to cancel Russia.
34:26
I even threw away. My chessboard chess was invented
34:28
in India. Yeah, but the Russians are good
34:31
at it. Ha ha, man.
34:33
What's that show? Dude.
34:35
It's like, oh, man. It's from that show, dude, you
34:40
talking about the template? Yeah, the templates from that
34:43
show. Super famous show.
34:45
Yeah, they're they're like the biker family there that soups up
34:47
all the bikes he's totally forgetting.
34:49
Their family is the pawn shop. People know, know the Pawn Stars
34:53
that those are different, dudes. Okay.
34:55
Yeah, never. My mind.
34:57
Okay, next one is brought To Us by Yves.
35:00
They also known as Lockheed came up with the famous Bitcoin,
35:05
honey badger just right. Like packed designed this and
35:09
then of course because it's open source because it is Bitcoin.
35:12
Everyone decided to do their own thing.
35:14
Anyways, let's check this out. Inflation.
35:17
What inflation, a pack of ground.
35:20
Beef is the same price as last month.
35:22
I feel like this is what you're hearing from governments, right?
35:25
And this is hidden. Right?
35:26
Where, you know, in video games, for example, they do the same
35:29
thing that keep the same price of the video games.
35:32
But over time, you see that video games are getting less and
35:35
less content in them. So it's like people either have
35:39
to like companies have to do one of two things.
35:41
They raise the prices or they keep the prices the same or but
35:45
there's actual less quantity, less quality, and less quantity
35:49
in that package so that they could keep the prices, the same
35:53
also known as shrink flashin. This is absolutely hilarious.
35:56
Arius. Anyways maybe this guy's just a
35:59
giant, you never know. Anyways here is a meme by Rd B
36:04
TC. I can't play the music but
36:07
anyways let's check it out. We'll talk over it.
36:08
Of course the music playing for you guys.
36:13
Yeah I did it just late. But now it's off.
36:17
Okay, hold on. There we go.
36:23
Does the mainstream media in the Fudd and I think going guys
36:26
going up to bat. Oh man, I think the little
36:31
brother thought it was just going to hit the thing over his
36:34
head. He just went from the top.
36:36
Yeah, it's true. Bitcoin is a Slayer of Legacy
36:39
Media. Kids in 2050, try to study the
36:42
2019, 2020 chapter of history for a test.
36:46
There's a really there's actually a really famous saying
36:48
which is nothing happens in decades and then there's years
36:51
that the decades happen Last two years.
36:54
I think we're we're some of those years, anyways.
36:57
Moving on. Awesome.
36:58
Mean, by Lena, sheesh my acid is scarce and the it's a little
37:02
dude holding a gold bar. My asset is scares to and this
37:07
is the famous golden asteroid that has like ten quadrillion
37:11
worth of gold and spouse precious metals and then there's
37:15
some aliens look. They think they're shiny.
37:18
Rocks are special, can't busy. And it's the alien buying
37:22
Bitcoins. Incredible mean by Lena, sheesh.
37:26
Anyways, next one, brought To Us, by Fullmetal hottel, the
37:29
Central Bank. Must be trusted not to debase
37:31
the currency, but the history of Fiat currencies is full of
37:34
breaches of that trust. And I took that personally, this
37:37
is the, this is famous from the Michael Jordan documentary,
37:40
right? Where, you know, he says, I took
37:42
that personally, but they put a Satoshi tweet.
37:45
Absolutely. Very good memes.
37:47
Phil, I'm impressed. Phil is most likely going to
37:49
pick the memes from now on. I'm going to continue, I'm going
37:52
Stay with the number segment, is it looks like he doesn't much
37:55
better job than I do. That being said for it is true.
37:59
Feel you're too nice stopping Canadian.
38:01
And for those memes, I'm going to give it my unconscious
38:08
skateable, poker poker tournament, I got in the lot.
38:12
I got in the final table and this metal, it says the final
38:15
table metal from the unconscious, skateable poker
38:19
tournament. Phil what would you give those
38:22
memes? Love it.
38:24
You know what? I'm gonna take a page out of the
38:25
book of Nico. I have a case, okay, it's not a
38:29
box, and in this case, there is a brand-new cable tie.
38:35
Oh, okay. Ran UK / cable die.
38:40
It's a virgin cable tie has been used has not been used
38:43
completely straight still. Anyways Gooseman.
38:46
What would you give those memes like a gold block to give it to
38:50
you. Oh okay.
38:52
We've never had Add a golf club. Never had a golf club.
38:54
Let's hear one. Those are the Potter.
38:58
It's a Potter those? Yeah, those are good.
39:03
Those are good scores for those. Awesome Eames for anyone who's
39:06
new to the channel, don't understand how this works.
39:08
We review the memes but the scoring system is a meme boom.
39:14
And of course, make sure to join our telegram group linked us,
39:17
some dank dank dank Bitcoin memes review.
39:19
So we can show them on the review.
39:21
And of course, subscribe to Alternative video platforms
39:25
because we do talk shit about the central bankers and all
39:28
these bureaucrats etc, etc. Like Rumble.com and our personal
39:32
favorite Bitcoin tv.com. Phil, it's time for the Daily
39:37
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on the store crypto cloaks.com guys, it's pretty dope.
40:02
The fact that we reported on you know, the Elizabeth Warren stuff
40:07
yesterday and we'd be Tucker Carlson to the punch Tucker.
40:12
Carlson is the second most watched show behind Joe Rogan
40:15
3.5 million average users and it looks like he agrees with what
40:21
we were saying. These politicians are going
40:24
anything and they're going after anything and everything that
40:28
they can't control. And one of those things that's,
40:31
like, you know, Pete like a little rock stuck in your shoe
40:37
that they can't get rid of is Bitcoin, but anyways, it's here.
40:40
What took her has to say work. Warren knows if we're going to
40:43
preserve Democracy in America, if we're going to fight Russia,
40:46
that Elizabeth Warren is going to need fingertip control of
40:49
your family's finances. Now, in always and by the way,
40:51
don't try to hide. Hide anything from Elizabeth
40:54
Warren saying cryptocurrency because if you do Elizabeth
40:57
Warren will know you were working for Vladimir Putin.
41:00
As I mentioned earlier, we're going after two things.
41:02
Try to squeeze the Russian economy and also trying to
41:05
squeeze those oligarchs. Right.
41:09
The problem is, we're doing that only through the formal banking
41:12
system, and we're doing a good job on that and that is very
41:16
effective as a stork. I'm 100% behind it.
41:20
But there's a, there's a hole in the dike here.
41:23
And the hole is crypto. In other words, you got to pick
41:26
it Krypto, if you want to continue to trade and provide
41:31
the trading platforms and so on in the wallets, you can do
41:35
business in Russia or you can do business in the United States,
41:37
but you can't do business in both.
41:40
Did you hear? Oh did you hear it?
41:41
One thing that I want you guys to focus on What a one thing is
41:46
that one thing that I want you guys to focus on.
41:50
She said wallets, she said wallets.
41:53
Yeah. And we went over the bill that
41:55
she has proposed. Do you see where this is going?
42:00
Yep. I've been telling you guys,
42:02
they're trying to morph the Bitcoin into the Legacy
42:07
Financial system. So and if you don't have an
42:10
approved wallet because you're trying to feed your family, God
42:15
forbid, because of something that your government did.
42:19
Elizabeth Warren doesn't doesn't doesn't want that.
42:22
These people are nutjobs nut jobs and I'm telling you, it's
42:27
gonna escalate. They're going to go after Self
42:30
custody, they're going to go after these exchanges.
42:33
Right? Take self custody.
42:35
Now before the hammer, if it falls before the hammer Falls
42:39
Phil, I just wanted to say Russia is not even using crypto
42:43
currency like this is this is the most ridiculous.
42:46
Nonsense shit. I-i've seen if he'll is.
42:49
It's not about that. It's the fact that I know it'll
42:52
she said, it's the fact that she can't control it.
42:55
That's right. It's the fact that she can't
42:57
control her. She can't have that.
42:59
It's like she has a short circuit.
43:00
She's like what what do you mean?
43:02
We can't, you know, manipulate people through their money?
43:05
What is this? You know, like it's the other.
43:08
It's sickening dude. Sorry the other piece to it
43:10
though is is that she's right away?
43:12
Equating cryptocurrency use with support for Russia.
43:18
This was somehow. So somehow we all just became
43:20
somehow, we all just picked the side because we want to use
43:24
Freedom money that isn't controlled by any state.
43:27
We called this before it went on Tucker.
43:30
I was kind of pissed off. I was like, I wish I had this
43:32
cup. This this Tucker clip before I
43:34
showed the show anyways because we we pre-recorded the show guys
43:38
and we show it after. But anyways.
43:41
So what are the unintended consequences of this?
43:43
And before I get your your thoughts Gooseman Listen you you
43:50
you when you disconnect people, you give them no other option
43:55
but to find an alternative and that's exactly what Russia is
43:59
doing. And it's going to lead to some
44:01
unintended consequences that these American politicians and
44:05
the European politicians haven't really thought through.
44:09
So Russia, Russian Banks rush to switch to Chinese card set
44:14
system, right? Because they got kicked off
44:16
Visa. And they got kicked kicked off,
44:18
MasterCard. I don't know what, any of the
44:20
Russian citizens have to do with this but apparently there are
44:23
other because of something their government did this again.
44:26
This would be the equivalent of when we invaded Iraq.
44:30
All of a sudden your Visa or Mastercard, stopped working.
44:34
It's absurd for something that our government did and they lied
44:38
to the people about anyways. Moving on what Russia could work
44:43
around the Swift band with high costs and the alternative from
44:48
the Swift bank is called China's cips system.
44:52
So an unintended consequence of cutting off Russia, from a
44:57
MasterCard, and Visa is that they're using a Chinese
45:00
equivalent of MasterCard and Visa I think it's called
45:02
unionpay or something and now they're using their, they
45:08
potentially are going to use a Chinese system, alternative of
45:12
Swift, right? So what are the consequences
45:16
Winces of this and this is from Credit Suisse, which is very
45:21
highly respectable. You know institution Credit.
45:26
Suisse strategist says, we're witnessing the birth of a World.
45:30
Monetary order goes on to say, former Federal Reserve.
45:34
So obviously this person knows what he's talking about.
45:36
Former Federal Reserve and US Treasury Department, official
45:39
and now Credit Suisse short-term rate strategists.
45:43
Zoltan pisar has written the u.s. is in a commodity crisis
45:47
that has given rise to a new monetary world order, that will
45:51
ultimately weaken. The current dollar base system
45:54
and lead to higher inflation in the west is an unintended
45:57
consequence of weaponizing money.
46:01
When you weaponize money, you force other countries that are
46:05
the victims of that weaponization to find an
46:08
alternative. The crisis is not is not like
46:11
anything we have seen. Since Nixon took the US dollar
46:14
off the gold standard negotiated by Before countries, as World
46:18
War 2 was winding down the Bretton Woods agreement pegged
46:21
gold as the basis for the US dollar and other currencies than
46:24
Peg to the Greenback. The structure begins to fray in
46:27
the 1960s as us trade, deficits become too large to ignore and
46:31
it fell apart completely. We've talked about this day a
46:34
lot 1971. When the u.s. abandoned the link
46:37
between the dollar and gold. As the initial Bretton Woods
46:40
error was backed by gold Bretton Woods to was backed by Insider
46:45
money essentially. U.s. government paper says
46:48
bizarre, Bretton Woods 3 will be backed by outside money, gold
46:53
and other Commodities Bitcoin. Right now, as seen as a
46:58
commodity, anyways pose, our marks the end of the current
47:02
monetary regime as the day. The G7 Nations seized Russian
47:06
foreign exchange reserves following The latter's Invasion.
47:09
The ladders invasion of Ukraine. What had previously been thought
47:12
as a risk-free became risk free no more as non Extent, credit
47:17
risk was Ascent instantly substituted for very real
47:22
confiscation risk. What occurred surely isn't lost
47:25
on China. Pisar sees the People's Bank of
47:27
China faced with two alternatives to protect us
47:29
interests. Either, sell treasury bonds,
47:32
which is going to hurt the United States and Europe to buy
47:35
Russian Commodities, or do its own quantative.
47:38
Easing, also known as printing money.
47:41
The remember me to buy Russian Commodities.
47:44
Preserver expects, both scenarios mean higher.
47:46
Yields and higher inflation in the west.
47:49
Now, check out this last passage Bose are concluded.
47:52
His note with a comment about Bitcoin, he expects it to
47:55
benefit, but only it, if only if it survives and again, this only
48:02
this isn't only pose are saying that hear it from Jerome Powell
48:07
himself. The writing is on the wall.
48:09
Any short-term effect of that over time, though?
48:13
You know, it would it would, it would, I suppose it would
48:16
diminish Our status as the reserve currency.
48:19
It's also possible to have more than one large Reserve currency
48:22
and there are there have been times when that was the case.
48:27
And So, it's not really clear. That is a nuclear bomb.
48:34
You have the head of the Federal Reserve, essentially saying that
48:38
the u.s. can potentially lose its role as the global Reserve
48:44
currency. If that happens, the u.s. is in
48:47
trouble. The u.s. is going to hurt.
48:49
How do you protect yourself from all of this madness, you buy
48:53
yourself the best insurance money on the face of the planet,
48:56
and that is Bitcoin. So yeah, dude, again you
49:00
weaponize the money People are going to fight, they're going to
49:03
be forced to find an alternative.
49:05
So I think all these, you know, politicians that feel like
49:09
they're Superior and feel that they can control the politics of
49:12
another Nation by essentially, cutting them off the financial
49:15
system. I think them by doing this, they
49:18
think that's what was going to happen.
49:20
But in the process, they shot themselves in the foot.
49:23
There's unintended consequences from all this and the winner is
49:26
Bitcoin, baby, Phil. They just create this Us and
49:30
Them scenario. Leo, and if you look at the way,
49:33
the things are lining up. Like, I mean, really, Russia
49:35
lining up with China. I mean, are we really just gonna
49:39
set the stage for World War 3 like this?
49:42
Because, I mean, look, let to me, anyways, I just don't see
49:46
this going over very easily. I, all of a sudden start to see
49:49
other countries deciding to start picking sides.
49:52
And we all know where this Behavior leads, right?
49:54
We're seeing the tensions that are happening right now.
49:56
We're seeing as you pointed out the weaponizing of the dollar,
50:00
which is horrible. Right.
50:02
It seems okay on the near term. It seems perfectly fine in the
50:06
short term for your short-term incentives and short-term gains
50:10
but see all those people that made those terrible decisions in
50:12
the 70s. Most of those people are dead
50:15
okay or dying so they don't really care.
50:17
And now we're all stuck dealing with these ridiculous
50:20
consequences of money that's going bad and disappearing.
50:24
Jerome Powell said it himself all of a sudden he's like well
50:27
you know we could see it where where there'd be two Reserve.
50:31
Currencies really. Like you can see that now all of
50:34
a sudden and that now that the writing's on the wall you know
50:37
because as if they didn't freaking know that they were
50:39
doing this already back in 2008 when that, you know what I mean?
50:43
When the when we got the chancellor on the the brink of
50:46
the second bailout, right? And we had the mortgage crisis,
50:49
they already that the writing was on the wall back in 1971.
50:52
This is hypocritical psychotic nonsense and look you know what?
50:58
I love that we have Bitcoin. I was super worried before we
51:01
had bit Point because I was going to be stuck hoarding crap
51:04
like gold. So yeah go Bitcoin go big coin
51:09
Goosebump. What are you?
51:10
What are your thoughts on all this, bro?
51:12
Oh, you know I'm sure what their intention was like, I'm not
51:16
really like the pretending to essentially, like, pull Russia
51:19
with 100 million people in a bubble.
51:20
I'm like, not having like trade interact with like any other
51:23
country. That's like, Lizzie seems
51:24
impossible to do like you cannot like putting a bottle like 160
51:28
million people which is within the population of Russia, right?
51:31
Right. So essentially what they end up
51:33
doing is like super powering or like fueling is China and Russia
51:36
relationship, right? So now you're seeing generating
51:40
these texts. Huge power is ideologically on
51:44
the other side of the, of the West, right here like this, like
51:47
east to west and kind of deal going on.
51:52
And then you're also like, affecting people that have
51:54
nothing to do here because people doesn't always run in
51:59
most cases equal government Ryan citizens and government
52:04
especially like a dictatorship like you know, how to Russia
52:06
where you have. This guy has been in power for
52:09
like so many years now. It's not the same, right?
52:13
So I am assuming you like, arrogance whatever he's doing
52:17
like trust your our refreshment citizen has nothing to do and
52:22
like yeah I don't like how they've been approaching and of
52:27
this complex I'm like yeah just Getting with, with the playoffs,
52:33
which have nothing to do with, like, very high level.
52:36
We're, this conflict is going. I think you make a very good
52:39
point about the power vacuum, okay?
52:41
Like that, that is, as you were explaining, that that is exactly
52:44
what's happening, right? We're seeing a power vacuum
52:47
occur. And when this happens, somebody
52:50
is going to fill that void, right?
52:52
So and you've got Russia going to China.
52:54
And now using unionpay, I mean, don't get me wrong, but I don't
53:00
really think that's the direction that we really wanted
53:02
things to go in. But again, we are not the
53:04
elites, right? We're not the elites.
53:07
Maybe the elites want this to go in this direction so that they
53:09
can consolidate more Powerhouse? I disagree.
53:12
Phil. I think that this is, I think
53:14
that this is This is them thinking that they're doing,
53:21
what's best just like, for example, in the reason I'm
53:24
making this theory is because look at what they did during the
53:28
last year years, as a reaction to the virus, these are people
53:32
that think they know what's best and their Ivory Towers.
53:36
And they don't think about the unintended consequences.
53:39
They don't think at that through, they think they're all
53:42
powerful, right? They have so much bravado,
53:45
right? So much.
53:47
Against, right? Like as you saw with the great
53:49
reset, in the say that was a catastrophe.
53:51
It didn't work. You know, like all Central
53:55
plans, right? It doesn't plan for all the
53:57
unintended consequences of those things.
53:59
So, I wouldn't even give them that much credit.
54:01
I think these are people that are Drunk on Power, right?
54:04
That are thinking, like, oh we're just gonna cut them off
54:07
and that's gonna, you know, facilitate a regime change in
54:10
Russia because people are going to pissed off, but they're
54:12
shooting themselves in the foot in the process.
54:15
Yeah, let's again remember the United States has been has had
54:19
US dollar hegemony for decade really since the 90s, the United
54:23
States has been the only superpower since the fall of the
54:26
Soviet Union. So these people believe that
54:30
they still have that type of power where it's like you do
54:33
this I you're fucked but they're not incorporating for the rise
54:36
of China dude. So it's just it's just bro clown
54:40
world. The reason we cover this guy's
54:41
is get yourself out of political money.
54:45
Get yourself into Bitcoin anyways.
54:47
Going to, I'm going to end the new segment with this.
54:50
This was the big nuke that everyone was rating was waiting
54:55
for. This was the White House's
54:58
announcement on on, you know, the the executive order, the
55:03
infamous, executive order that we have been waiting for for so
55:07
long. We're going to cover it.
55:08
We're going to see what's in it. But first guys, we always put
55:11
our sources down below. This is the piece by Credit,
55:14
Suisse in the Bretton Woods and here is the legalese Version of
55:17
the executive order if you want to read it.
55:19
But here is, you know, a condensed version.
55:22
So anyways, let's get to it specifically the executive order
55:26
calls for measures to protect us, consumers, investors and
55:30
businesses. Yeah, when they say that I hope
55:34
you know it's to you know kind of you know, sty finale, lot of
55:38
these shit coins. A lot of these ponds these scams
55:40
whatever. But let's see what happens.
55:42
Protect us and Global Financial stability and mitigate systemic
55:46
risk. Again, that's a broad net.
55:48
What is that mean, right? It could say Bitcoin is a threat
55:52
to protect protect us and Global Financial stability, you don't
55:56
know, right? Anyways, mitigate the illicit
55:59
finance and National Security. Posed by the illicit use of
56:03
digital currencies. Again, they're putting in
56:05
National Security with digital currencies.
56:09
It's a broad net that there that these people are giving promote
56:13
us leadership and technology and economic competitiveness to
56:16
reinforce us leadership in the Global Financial system.
56:19
I like this. This is a good statement.
56:22
However, wait to see how this paragraph ends and you'll get
56:27
why that is misleading. Promote Equitable access to safe
56:32
and affordable Financial Services.
56:34
Usually when they they use Equitable they are also talking
56:39
about the environment as well, right?
56:41
Support technological advances and ensure responsible
56:44
development and use of digital assets, okay?
56:47
So at the end of the day, It's not that bad right here.
56:51
They even say prioritizing privacy, right?
56:56
I wonder why they're talking about privacy, right?
56:59
I'll get to that in a second, they're saying Equitable, right?
57:02
So you know that the environment is put in there.
57:05
But look, look what they put on the last paragraph, fill explore
57:10
a US Central Bank. Digital currency by placing
57:13
urgency on research and development of a potential
57:16
United States CBD. See should Should issuance be
57:20
deemed in the National interest. Of course, they're just
57:23
statistically, they're going to do this.
57:24
Okay, the order directs, the US government to assess the
57:27
technological infrastructure and capacity needs for a potential
57:30
us CBC and a manner that protects Americans interest.
57:34
It does not. Okay, it protects the
57:36
government's interest, the order also encourages, the Federal
57:40
Reserve to continue its research development and assessment
57:43
efforts for a US. Central Bank, digital currency,
57:45
including a development for a plan for a broader, US
57:48
Government action, and support of their work.
57:50
That effort prioritizes, u.s. participation and a
57:53
multi-country. Experimentation insurers us
57:57
leadership, internationally to promote, CB D c-- development.
58:01
That is consistent with us, priorities, and Democratic
58:05
Values. Democratic money member Bitcoin
58:11
is non-democratic pay attention to those words.
58:16
So, when they talk about this promote us leadership in
58:20
technology, what they really mean is promote Central Bank?
58:24
Digital currencies because that's us leadership, right?
58:31
Prioritizing privacy. They're telling you that.
58:34
So they're trying to make you think that the Digital
58:37
currencies are going to have privacy at heart, but by just by
58:41
the way that they're architected it's anything.
58:44
But so let me kind of speccy how this is going to go.
58:48
And I've talked to some some, some buddies of mine at, you
58:51
know, a Bitcoin magazine. And this is, this is why I feel
58:55
this is going to go Phil. They're going to do these
58:57
studies. They're going to say proof of
58:59
work is environmentally damaging.
59:02
They're going to say for in order to the US to prove to, you
59:06
know, to maintain its leadership.
59:08
It it needs a central bank, digital currency and Bitcoin is
59:11
a threat to that. And again, Bitcoin is a
59:15
non-democratic currency its rules without rulers, and they
59:20
want to promote a democratic currency, which means it's a
59:23
currency that is manipulated by human beings.
59:27
And what we've learned over the last 10,000 years is that Money
59:32
sucks as slow as long as humans are able to manipulate the
59:36
monetary policy. We've just spent the last hour
59:39
of this episode. Showing you what the
59:42
consequences of that are seizing your money.
59:45
Debasing, your money, etc. Etc, etc, etc.
59:49
So again, it will, it was a sigh of relief because it wasn't,
59:55
there was no regulations issued. By the executive order, I think
59:59
they had a very bad experience. Last time, they tried to sneak
1:00:02
Sneak this into the infrastructure Bill and they saw
1:00:05
how much pushback they got from the community so it's just
1:00:08
setting the tone and it's telling the rest of the
1:00:11
government. Hey listen, this is a path
1:00:13
forward path. Forward is Central Bank, digital
1:00:16
currencies and make no mistake guys.
1:00:18
Central Bank, digital currencies are a response to bitcoin.
1:00:23
They are terrified that they're going to lose their Monopoly on
1:00:27
the creation of money. And if they lose their Monopoly
1:00:29
on the creation of money, they lose their ability.
1:00:32
To manipulate people through monetary policy.
1:00:36
This is their last show. This is our last go.
1:00:38
And I've been telling you guys have been hammering at home for
1:00:40
a couple months. Now, you're going to have to
1:00:43
pick one day between slightly inconvenient, Freedom, which is
1:00:46
Bitcoin and slavery money, which are Central Bank, digital
1:00:51
currencies, which will allow the government to manipulate and
1:00:55
control every aspect of your life.
1:01:01
Phil Okay, on the, I just wanted to add to your point about
1:01:06
Equitable money, right? It's not just about the
1:01:09
environment. It's also about wealth
1:01:12
distribution because wealth redistribution because what I've
1:01:15
noticed with all of this ESG crap, it's always about low
1:01:20
energy and wealth redistribution.
1:01:24
Everybody gets a little and the people all the way at the top,
1:01:27
get a whole lot and they get to control it.
1:01:29
So, this is that, that every time I see Equitable, I just See
1:01:33
the The Rosy picture and the unicorns and everybody dancing
1:01:36
happily. Okay.
1:01:38
I just see a very small Elite getting to enjoy their lives.
1:01:41
While everybody else is miserable Equitable.
1:01:43
Equitable is another word for communism, dude, I don't really
1:01:46
socialize. That's literally what it stands
1:01:48
for. It's loaded words, you know,
1:01:51
again, that's what they hide behind right.
1:01:53
You know. It's, dude, it's not okay.
1:01:55
Anyways, Phil, do you know, but the other piece, the other piece
1:01:59
to this was, was that look make no.
1:02:02
Take with with the CBD seize, this is, you know, this is
1:02:07
exactly what they want, okay? They want nothing more than to
1:02:12
implement, this type of control, these types of regulations and
1:02:16
they want to be able to watch everything and they want to be
1:02:19
able to do it with less people because look it's no surprise.
1:02:22
It's no secret that the IRS is like far behind in looking
1:02:27
through files. It's no secret that they do not
1:02:29
have the Manpower but imagine that everything Be automated and
1:02:34
everything, could just be done through algorithms and triggers,
1:02:38
hey, you don't need so many people now.
1:02:40
All you need. Now, all you really need is a
1:02:42
bunch of, you know, maybe a couple of people to go through
1:02:44
the lists, which is way easier than having people track down
1:02:47
individual cases, and do all the casework.
1:02:49
Anyways, I'm just saying this has nothing to do with what's
1:02:52
better for people all of that language about security and
1:02:56
doing what's best for the investor that is nonsense.
1:02:58
It's best for the bureaucrats. This is, this is to ensure their
1:03:03
survival and you are the cost rights right Bitcoin benefits.
1:03:08
You and it takes away power away from them.
1:03:12
Right? Anyways, before I pass it on to
1:03:14
Gooseman guys a little bits, a little bit of good news, right
1:03:17
by the time, they roll this out. And if you believe the Bank of
1:03:20
America report that we showed a couple weeks ago, it's is going
1:03:23
to come out around 2025 2026, right?
1:03:26
That's another having that's another Bitcoin having into
1:03:30
that, right? So I don't I think they'll be
1:03:33
able to catch up. I don't think that remember,
1:03:37
government money Central Bank, digital currencies is going to
1:03:40
require coercion and money by decree versus Bitcoin it on its
1:03:45
incentives. That's all it is.
1:03:47
Right? And governments are never going
1:03:50
to be able to replace the incentives that are provided by
1:03:54
the Bitcoin Network. Don't believe me, take a look at
1:03:57
China. It's estimated that 10% of the
1:03:58
hash rate is still located in China.
1:04:01
That means that you are willing to go to jail and communist
1:04:04
China to mine Bitcoin. Those are some crazy fucking
1:04:09
incentives Gooseman why. I was thinking most likely with
1:04:14
you guys. The one thing that to me is kind
1:04:16
of like positive about the SS done.
1:04:20
Essentially, there's no direction that will be taken at
1:04:22
least not yet, right? They're trying to essentially go
1:04:24
in this. We are going to like, get
1:04:27
educated on this topic of thing, right?
1:04:29
So I guess essentially what that calls.
1:04:32
And everyone here. Should we like we should try the
1:04:35
same way as we did for the infrastructure bill just like
1:04:39
way sir voices, try to essentially put the coin on top
1:04:43
of like, any like City Cebu, Chicago things?
1:04:45
I think, like, especially for me, this kind of like a call to
1:04:47
action. Say, we need to like, double
1:04:50
down a reference, you like, putting out content around
1:04:52
Bitcoin versus like shit coins or like around this in
1:04:55
translations versus decentralized cdc's because now
1:04:59
is kind of their time to kind of like e open mind.
1:05:02
That's or I guess that's what they are like saying, right?
1:05:06
But I think kind of like right now.
1:05:07
It's like call to action to say hey we should be like trying to
1:05:11
reach out to all of the people are in power with even
1:05:15
government to try to like steal the ship where we think is best.
1:05:19
I should go right to defend what we think, it's right.
1:05:22
If and decentralisation to it and Bitcoin, right?
1:05:26
So that to me is kind of like a positive or at least what I can.
1:05:32
Get out of this, right? I think it could have been much
1:05:36
worse. Yeah, for sure.
1:05:38
I mean, in the Spectrum was like, really, really bad to
1:05:42
like, decently good as kind of a kingdom evil.
1:05:44
I would say there is nothing like some, like small notes and
1:05:49
at least teasing me like being just a big deal of a fool, but
1:05:53
hopefully this will essentially make authorities the government
1:05:59
authorities and monetary authorities.
1:06:01
Come to the Soon, that embracing Bitcoin is the only way for the
1:06:05
u.s. government or like for motherfucker, like any other
1:06:07
government to essentially sustained leadership into new
1:06:11
first century one. So, that was kind of my, my view
1:06:18
here. I really hope these folks here
1:06:22
and we need to decision, teach them on on there, some like
1:06:24
educated best like Bitcoin, embracing Bitcoin is the only
1:06:28
way to remain relevant to remain.
1:06:32
The space in the 21st century what I can do government I can
1:06:36
do is I can from you why to the Euroleague any other country?
1:06:40
Like embracing death by a really big way. 100% dude, 100%.
1:06:47
I completely agree, but I think that there's some, there's a lot
1:06:51
of people that work in government, that benefits so
1:06:53
much from the Fiat money printers that I suspect.
1:06:58
They're going to fight this tooth and nail now in the u.s.
1:07:01
because that's where I live. Live.
1:07:02
So, a more most on top of things here, you know, we have a huge
1:07:07
efforts by the coin Center which is the Bitcoin and shit coin,
1:07:10
lobbying arm and DC shout out, Jerry Brito and also a Bitcoin
1:07:14
only, you know, Institute Research Center, which also kind
1:07:19
of functions. As a lobbying arm, called the
1:07:21
Bitcoin policy Institute. Shout out, David's L.
1:07:24
And I suspect, right? If that this executive order
1:07:28
wasn't, as bad as it could be because of the tremendous amount
1:07:31
of work. The effort and pressure that
1:07:34
these guys have put in and as ngu technology keeps going up,
1:07:38
guys, the more influence Bitcoin, the Bitcoin and shit.
1:07:43
Coin industry is going to have in the swamp of Washington DC so
1:07:48
they can't pull the faster one like they did during the
1:07:50
infrastructure Bill. Anyways, this is executive
1:07:52
order, it's not as bad as it could be but it's also showing
1:07:56
you their game plan which is like this Central Bank, digital
1:08:00
currency. We could take them out with
1:08:01
that. So anyways we'll stay on top of
1:08:04
it. Like we always do but filled
1:08:05
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in the show notes. Don't forget to check out our
1:08:37
Audio Only episodes. Check us out on Apple.
1:08:40
Podcasts, on Spotify, and anchor.
1:08:44
Thank you, Phil. All right, guys, that was our
1:08:46
show before we go want to give a very, very special shout-out to
1:08:51
our awesome. Guess, his name is Gooseman
1:08:55
pintos, you can give them a follow on Twitter.
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He is a member of Luxor pool, there's awesome pool, right?
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Very, very good fees. He's good stuff with them.
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And I also want to give a very special shout-out to her
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They're going to come out with Bitcoin merge soon, guys.
1:09:22
If you enjoy the show to know what to do, and of course, we
1:09:27
want to continue hearing the Bitcoin is from The Plea plead
1:09:31
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1:09:47
skateable asset.