Latest / Simply Bitcoin / The Next US President Might be a Bitcoiner | EP 732

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The Next US President Might be a Bitcoiner | EP 732 · Simply Bitcoin

0:11
Yeah down today is May 4th 2023 welcome to Simply Bitcoin live.
0:16
We are your number one source for the peaceful Bitcoin
0:18
Revolution with her breaking news culture, medic Warfare.
0:20
We will be your guide through the separation of money and
0:23
state we bring on all we bring on all bitcoiners from the
0:27
biggest names to the grumpiest of the grumpy stun Twitter.
0:31
Anyways, guys, it's gonna be a great show.
0:33
Really, really excited to the second in both of their
0:39
representative parties, And the Republican party, and in the
0:43
Democrat Party this, the people in second place for the
0:49
candidacy of the president are Robert, Kennedy jr.
0:53
And the Democratic party, and Ron DeSantis, and both of them
0:57
are pro Bitcoin anti Central Bank.
0:59
Digital currency, that's a big deal.
1:03
When we talk about Bitcoins new chat neutrality.
1:07
When we tell you that we don't lean left or right or Right or
1:12
left in the traditional, you know, Fiat sense.
1:15
We leaned for the party of orange because at the end of the
1:19
day, it's Orange versus green green, meaning Central Bank,
1:23
digital currencies. This is really good news.
1:25
Now, it's be really, let's be realistic for a sec.
1:29
Most likely, according to the latest polls, it's going to be
1:32
most is going to be Joe, Biden verse Donald Trump.
1:36
Again, both of which we obviously know how the B
1:39
Administration feels about Bitcoin.
1:41
The last two months they've been extremely hostile, you know, in
1:46
the presidential economic report which we covered yesterday and
1:49
then the proposed 30 percent tax on bitcoin Miners.
1:53
And then it was a long time ago where Donald Trump said that he
1:57
wasn't a fan of Bitcoin, right? So this is kind of a big deal
2:02
and I think this is just because of Bitcoins incentives, Bitcoins
2:04
incentives, stay winning. And I think that as time
2:09
progresses and the population gets It's older and more of the
2:13
bigger, a bigger percentage of the population is holding onto
2:16
Bitcoin. It's going to be a politically
2:20
undefensible position if your anti Bitcoin.
2:24
So, and I think that's really what you're seeing here.
2:27
Now at the end of the day, they are politicians.
2:29
So they are going to say the things that gets them votes and
2:33
that's true, right? And, you know, a lot of people
2:36
like, dude, I don't trust them and whatever.
2:38
I don't think you have to trust them just Trust their
2:41
incentives, right? So this is a very big deal.
2:46
What I was worried about for a long time is, you know, it
2:49
started to look a little bit partisan where the Republican
2:54
side of the things just was a little bit more Pro Bitcoin, in
2:58
the Democratic side, was a little bit more hostile.
3:01
That's different now, which is really, really, really awesome
3:05
because the last thing that we want is for Bitcoin to become a
3:08
partisan issue because it's not it helps everybody equally Lee
3:11
is the most equal Equitable money the world has ever seen.
3:16
And I'm really, really glad this is happening.
3:19
Also I'm going to make a bit of an announcement in just a second
3:22
but before I want to bring up my legendary co-host.
3:24
Always optimistic Opti. How you doing, bro?
3:27
I read your copy this morning. Totally butchered it.
3:30
I saw you laughing in the background but I love it.
3:33
I'm gonna I'm gonna I'm gonna add probably my spin to it.
3:36
You just put your spin. Do you want to?
3:37
But I'm gonna add, I'm gonna put my spin to it, but I do like the
3:40
copy. I do like the cop.
3:41
Anyways, what's up, dude? How you doing, bro?
3:43
Just another day doing what we love to do which is talk about
3:47
Bitcoin but to your point that you you open the your opening
3:51
monologue. I think it's becoming very
3:54
obvious to at least us since we are always covering the news
3:57
that Bitcoin is becoming a point of contention for everyone.
4:01
And there really is a fork in the road right now.
4:04
What do you always say? It's bitcoiners slavery, you
4:06
know, it's Freedom or which is Bitcoin or it is slavery.
4:11
Every which is cbc's. And again I think to your point,
4:15
I think it's good framing. Like it's going to be
4:17
indefensible to be Aunty, Bitcoin, moving forward, and
4:21
it's only a matter of time until most people wake up to to that
4:25
that Framing. And I think that's something
4:27
that we just need to continuously beat the drum on,
4:30
because it really is a dark world.
4:34
If the alternative of Bitcoin failing happens, which is a
4:38
total dystopian authoritarian tyrannical.
4:41
God, and that's not the world. I want to live in, and that's
4:43
not the world that I, you know, want to allow to happen.
4:48
So, I put my efforts towards spreading Bitcoin and spreading
4:51
freedom, and hoping that more people wake up to this, I really
4:54
do believe that people. If given the choice will choose
4:58
to freely adopt Bitcoin and this is why we do what we do.
5:02
Yeah, 11 million percent. I completely agree with you.
5:06
This is the separation of money and stayed.
5:08
This is the we're going we're going through the thick of
5:11
things. Things right now.
5:12
But this is a definitely, a really, really exciting
5:15
development to say the least and in our Battle For Freedom.
5:19
Anyways, everybody no more delay.
5:20
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5:22
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All right, guys, I also want to tell you about the biggest
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conference on the face of the Earth Bitcoin 2023, they made
6:14
some very exciting speaker announcements.
6:18
This is the gentleman that we're going to talk about today,
6:20
Robert F. Kennedy jr.
6:22
Was just announced as a speaker He's a presidential candidate
6:26
for 2024, he's currently in second place in the Democratic
6:31
primary, you know, behind Joe Biden.
6:36
And, of course, we have Michael Lewis author of The Big Short
6:39
Moneyball, which have been turned into feature films.
6:41
We have Michael sailor, Arthur Hays.
6:42
Alex gladstein Tulsi gabbard Eric Weinstein, Jack mahler's,
6:46
Adam back, Stacy Herber. Senator Cynthia lummis, we have
6:50
a member of government from the country of Indonesia. 273
6:53
million people. He's going to be Doing a
6:55
fireside chat with Samson Mao, who has taken it upon himself to
6:59
push Bitcoin nation-state adoption and of course we have
7:03
Lynn Alden as well. It's gonna be really really
7:05
exciting opting are gonna be holding it down on the analyst
7:08
desk. I think I'm going to be on a
7:08
couple panels as well. Really exciting stuff, but
7:11
anyways, at the time of recording, the Bitcoin price is
7:14
20 8935. That's per dollar. 3456 block
7:19
height 780 8259 reachable Bitcoin nodes One ninety six
7:26
blocks to having 50 1741 having estimate.
7:30
April 22nd, 2024 total lightning network capacity 5403 Bitcoin
7:36
capacity value. 156 million u.s. dollars the realized monetary
7:42
inflation rate of Bitcoin. Currently is 1.75 percent
7:46
continuing to take Fiat currencies to Absolute school
7:49
and the market capitalization of Bitcoin 560.
7:54
Billion dollars with the be in the grand scheme of things.
7:57
Bitcoin is still a baby. Anyways, here's some reactions
8:01
to Robert F. Kennedy jr.
8:03
Speaking at the Bitcoin Congress Bitcoin conference.
8:08
I apologize here is Congressman Brad Sherman, other than
8:11
Elizabeth Warren. He's extremely hostile towards
8:14
Bitcoin. Here was one of his tweets, he
8:16
said, 60 years ago, the late great Robert.
8:20
F Kennedy went after tax evaders as us Attorney General.
8:24
And today his son is slated to speak at a conference for tax
8:30
evaders. I did a slight correction.
8:33
I think what he meant by tax evaders is inflation or Vader's.
8:37
Maybe it was a Freudian slip, maybe I personally believe
8:41
inflation is tax. So but just a small correction
8:45
there. Anyways, moving on here is a
8:48
tweet by Walker. Who's part of the crypto couple,
8:51
they do amazing stuff, shout out to Carla's.
8:53
Well, some of the Estimate medics in the game.
8:56
So this is breaking Congressman Brad.
8:58
Sherman calls. His second biggest political
9:00
dorm a donor. A tax evader Fidelity offers
9:03
Bitcoin services and also invest in Bitcoin.
9:06
Mining Fidelity should pull any future funding for Sherman.
9:10
If he's going to accuse them of tax evasion, amen, Fight Fire
9:14
with Fire, be on the offensive. Not on the defensive.
9:18
Anyways, here is Robert F. Kennedy jr.
9:21
And goes on to say, cryptocurrencies led by Buy
9:24
Bitcoin along with other crypto Technologies or a major
9:28
Innovation engine. It is a mistake for the u.s.
9:30
government to hottel the industry and drive Innovation
9:33
elsewhere Biden's proposed 30 percent tax on cryptocurrency.
9:37
Mining is a bad idea, use energy.
9:40
Yes, energy use is a concern, parentheses, those somewhat
9:44
overstated, the Bitcoin mining uses the same as video games and
9:48
no one is calling for a ban on those and obviously there's a
9:51
reason that no one's calling for a ban on those because Video
9:55
games are going to enable the separation of money and state.
10:00
This is what we're telling you like it's a straw, man.
10:02
They're trying to distract you. They're trying to use the
10:04
environment. As a guys are trying to use that
10:07
as like a moral tactic. They're trying to play to the
10:10
heartstrings of people. Oh my God, Bitcoin is boiling,
10:13
the oceans. What about what, you know what
10:16
about electric vehicles? What about video games, right?
10:19
Why is that not being talked about of course because it's not
10:22
really a threat to the party of Dean anyways, a little pun
10:26
there. The environmental argument is a
10:28
selective pretext to suppress anything that threatens Elite
10:32
power structures. Bitcoin, for example, some
10:34
Advocate tight control of cryptocurrencies, to prevent
10:37
their use by criminals. I tweeted this out the other day
10:41
governments aren't concerned that crimp that bit, that
10:45
Bitcoin is going to be used by criminals governments are
10:47
concerned that everyone else is going to use Bitcoin anyway,
10:50
some Advocate tight controls of cryptocurrencies, to prevent
10:53
their use by criminals, but Isn't just criminals who want
10:56
privacy. So do the dissidents or ordinary
10:59
citizens government, harass their enemies and Crush dissent
11:02
by controlling bank accounts and payment platforms until we
11:06
restore. Trust in government we need cash
11:08
and crypto to ensure Freedom just as a bio diverse ecosystem
11:13
is a resilient ecosystem. So too will our economy be more
11:16
resilient if it has a diverse Ecology of currencies not just a
11:21
single centrally controlled one we are seeing today how fragile?
11:24
Jewel are over centralized system is now with the really,
11:28
really awesome part about this is that he is currently in
11:32
second place trailing, Joe Biden.
11:34
He came out the gate, Vic's tremely, strong, 16.4 percent
11:38
compared to Biden's 67%. And I think the another piece of
11:43
good news as well as it's not just on the Democratic side that
11:47
candidates are saying this we play do the video of Ron
11:50
DeSantis yesterday literally going scorched Earth on Central
11:54
Bank. You know, currencies and using
11:56
his power, being the governor of Florida to say, you know, what
12:01
Central Bank, digital currencies won't happen in the State of
12:04
Florida and also advocating for cryptocurrencies.
12:07
I, you know, they're not quite there, they're both talking,
12:10
they're both coming going Bitcoin and crypto which is
12:13
unfortunate. But you know what, it's a step
12:15
in the right direction, and these are both very powerful and
12:19
popular political figures, Ron DeSantis is also in second
12:24
place. As for the Republic, for the
12:26
Republican Presidential candidacy, and they're both on
12:30
the party of orange, which is really awesome.
12:33
Unfortunately, they're not pure orange, you know, sprinkle a
12:36
little bit of shit in there, it's like orange with sprinkled
12:41
shit because of the cryptos. But, but you know what?
12:43
It's a step in the right direction, all roads lead to
12:46
bitcoin, I think eventually, you know, it's in in in
12:50
inevitability that they reached the end of the road and the end
12:54
of Is Bitcoin, right? And look, give them.
12:56
Give them a little bit of credit, right?
12:58
The vast majority of bitcoiners I've ever met.
13:01
The that I've had that, I've met all went through a shit coining
13:04
face, right. So, you know, these are clearly,
13:08
you know, in the first there and they're in the first Innings of
13:10
their their Orange Peel Journey, but it's really awesome that
13:14
they're both advocating for freedom and I can't emphasize
13:18
the importance of the fact that they're they're coming from
13:21
opposing political parties, really high.
13:24
Highlighting the fact that Bitcoin is for everybody,
13:28
doesn't matter how you lean ideologically speaking so
13:32
incredibly, incredibly bullish news.
13:35
I can't overstate that enough and dude.
13:37
Like, I know, I know, like, I know that they don't have a
13:42
strong chance of winning the candidate C.
13:44
Either Robert F Kennedy, junior or Rhonda Santa's, it's clearly
13:49
Donald Trump and Joe Biden are the front-runners, but you know
13:53
what? It's It's not 100%.
13:57
There is a small probability that in 2024 you might have a
14:02
Bitcoin, ER, as president in the White House.
14:06
Holy cow and boy, oh boy, would that change the name of the game
14:10
altogether and to be fair, right?
14:12
They are politicians, you know, they are.
14:15
They will say anything to get elected to get the votes, right?
14:19
Clearly, you know, opposing Central Bank digital currencies
14:22
right now is the current thing. The current popular thing.
14:24
NG. But you know what, I would
14:27
rather have politicians that are vocally Pro Bitcoin than
14:32
politicians that are vocally anti Bitcoin which is the
14:35
current case with the binder ministration anyways Opti what's
14:39
your take on all this brother? Well, you're very end point.
14:44
I was just thinking of a lipid Elizabeth Warren.
14:46
Hence, why I was laughing, but first and foremost, shouts out
14:49
to Brad Sherman. He is by far my favorite
14:51
politician just because of his hysterical, In regards to
14:55
bitcoin, I legitimately wish more politicians where as
14:58
transparent as Brad Sherman, because at least we know where
15:01
he stands and at least he knows like what the real fight is.
15:05
And every time he talks it just it absolutely makes me laugh
15:09
like maniacally. He's by far my favorite
15:12
politician, you know, I would wish more politicians kind of,
15:16
come out to Brad Sherman's level of anti Bitcoin this so that we
15:21
can know how transparent they really are.
15:23
And where their He'd lie. But anyways hold on.
15:29
Excuse me guys. Um to the Robert Kennedy tweets.
15:32
You know first and foremost it's Bitcoin not crypto.
15:35
I think everyone was saying this on Twitter.
15:38
It's something that we try to talk about.
15:40
Hear a lot is separating Bitcoin from crypto as much as possible.
15:44
And you know again though, they're probably in the first
15:47
Innings there, they're trying to be, I don't know, probably
15:50
inclusive here and give some some leeway to the possibilities
15:54
of Of some shit coin coming up on Bitcoins heels but we all
15:57
know it's Bitcoin not crypto and to one of the points that we've
16:01
been talking about here on the show for a long time.
16:04
I am glad like you said that. Finally, it is becoming a
16:09
bipartisan issue at least everyone on all aisles are
16:11
finally starting to realize how Bitcoin can improve their lives.
16:15
Like it really blows my mind that Democrats and progressives.
16:18
I hate Bitcoin so much. You would think that they would
16:20
endorse a money. It's not it's not it's not like
16:24
that. Anymore.
16:25
Yeah, that's what I mean, that guy, I agree.
16:27
That's what I'm saying. Like, I am glad that we are
16:29
seeing this happen, because what do we say, you know, Bitcoin is
16:32
the most inclusive money in the world.
16:34
It's the freest money in the world.
16:35
It's the most equal money in the world.
16:37
There is no favoritism in it. It is opt-in.
16:39
And you would think that people that want to see the little man
16:42
succeed would endorse Bitcoin and it's just a shame that until
16:46
up to this point, it's been hated on but now we are seeing
16:49
on both sides of the aisle that. Finally people are picking up on
16:54
the signal. And so it's very awesome to see
16:58
though. Again, this is my caveat, I have
17:01
my boy, I don't know what his name is today.
17:04
Big Mac coin or whatever. He's joking calling a status.
17:09
I kind of agree to a point. He is a politician and like Nico
17:13
said, you know politicians will say whatever they want for their
17:17
voter base. Let's clear that up though.
17:19
I know I know, let me let me go and then and then go.
17:22
So, to a point I do kind of feel that this is just some lip
17:26
service. And until we see at least at
17:29
least him kind of like flat out, say, I will not make any laws
17:34
that will impede Bitcoin. Until that point, I'm going to
17:38
like, bite my tongue and be like, hey, I think this is good
17:40
for the conversation, like we've been saying because there is a
17:43
real fork in the road right now. It's like, are you for Freedom
17:46
or are you against freedom? And, if you're not endorsing
17:48
Bitcoin, you're not endorsing self custody.
17:51
Then your incentives are suspect and I want to see a politician
17:55
come out and run on the platform that they will.
17:58
Not hamper Bitcoin. They will not, you know, tax
18:00
Bitcoin, they will not stop Bitcoin Innovation.
18:03
And then I'll be like, okay, now that's someone I can get behind
18:07
but you know until then I just don't trust politicians.
18:10
This is like my Bitcoin when this.
18:12
Yeah I mean I don't think I don't think I do die.
18:16
Generally I'm a Libertarian II. Don't like big government.
18:19
I don't like government at all. You know I don't trust
18:23
politicians either. I Think I really believe in the
18:25
theory from the sovereign individual that information
18:28
Technologies, the rise of information Technologies and the
18:33
the power that that gives individuals to either seek their
18:38
own information, or use whatever currency their heart desires.
18:41
And because they have those new found powers, they're going to
18:44
have the ability to basically, you know, vote with their feet,
18:48
and go to whatever jurisdiction, treats them best, right?
18:51
And I think that that eventually over time, Is going to force the
18:56
relationship between between individuals and governments
19:01
change, right? And the theory of the sovereign
19:04
individual, basically makes the case that governments are going
19:07
to have to start acting like businesses, right?
19:10
To keep their constituents right versus right now, it's kind of
19:14
like this like Shakedown type of process, so I really do believe
19:19
in that, in that theory, but I think that during the
19:22
transition, which is what we're going to.
19:24
Through right now, we have to be wise.
19:26
We have to be smart and unfortunately, we have to play
19:29
the game, you know? And this is part of this is part
19:31
of the game. Anyways, everybody let's go.
19:33
Let's get to the news. We got a lot to talk about more
19:35
bullish news coming out of the kingdom of Bhutan.
19:38
Let's check it out. The Daily News, The Daily News
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It's great to connect with bitcoiners from all walks of
21:00
life and we really appreciate all the love and everybody
21:04
reaching out. Holy cow guys, thank you so, so
21:07
much. So we've been covering Bhutan
21:10
for Quite a bit. It is a very, very small country
21:12
in the Himalayas and there's been a couple developments like
21:15
this is the first one. So the first one was the tiny
21:18
Kingdom of Bhutan secretly held millions of dollars in crypto
21:21
currency and they didn't want to reveal this.
21:23
They didn't tell this to the media which kind of makes sense.
21:26
Look at how they treated El Salvador, right?
21:28
But it came out because of the Celsius bankruptcy, so it kind
21:33
of was exposed and then shortly after not only were they holding
21:39
Bitcoin, but They were all. So this is to quote, the Forbes
21:42
article, the kingdom of Bhutan has the kingdom of Bhutan has
21:46
been quietly, mining Bitcoin for years and then this is breaking
21:51
news. Came out came out yesterday.
21:55
Bhutan plans, a 500 million dollar fund for crypto mining in
22:02
the Himalayas futons investment arm and NASDAQ listed company B,
22:06
dear Technologies, Group plans, to seek investors to fund worth
22:10
Fund worth up to 500 million dollars that we use to develop
22:14
green crypto mining in the in the Himalayan Kingdom
22:17
fundraising targeted, institutional investors will
22:19
begin at the end of May, and the goal is to set up carbon free.
22:23
Digital mining that Taps bouton's abundant hydroelectric
22:26
power. According to a joint statement,
22:28
Wednesday mining is the least risky way for Bhutan to tap
22:32
crypto opportunities. And for now the nation will
22:35
focus on bitcoin the chief executive officer officer of the
22:38
investment arm drug. Holding an investment said in an
22:41
interview. Quote, it's important for us to.
22:43
Look at assets that are low, volume high value, or digital
22:47
assets for that matter, and try to position ourselves in a way
22:50
that we can be competitively competitive globally over time
22:53
to build our economy, the for slate, and Bhutan sandwich
22:57
between China. And India has a population of
23:00
seven hundred, seventy seven thousand and has long sought to
23:03
die diversifying economy. Reliance on hydropower revenues
23:08
drug manages, the government Investments, In traditional
23:11
areas like stock bonds Technology Energy and real
23:13
estate, but also Bitcoin mining, they say crypto, but it's really
23:16
Bitcoin mining Bitcoin mining and investment under what it
23:20
calls future, facing strategy. Now, the key of all this the
23:23
buried lead is here to diversify an economy reliant on hydropower
23:30
revenues so that is amazing for Bitcoin miners, right?
23:36
They clearly have an abundance of hydropower electricity They
23:40
produce more than they use and that is perfect for Bitcoin
23:44
miners because Bitcoin miners, love cheap power and there's a
23:49
Bitcoin company also publicly listed called bit farms and they
23:52
also rely on hydro, massive hydroelectric.
23:57
Massive hydroelectricity capacity in the country of
24:01
Canada as well. So, this isn't a new strategy
24:03
that's being that's being rolled out.
24:07
And what's really interesting also is Bitcoins incentive stay
24:12
winning right with all the Fudd with all the BS happening
24:15
everywhere. With all the BS and you know,
24:20
stuff happening, and all the narratives and all these things
24:24
Bitcoins incentives are irresistible, right?
24:27
If you're a country like Bhutan, right, massive amounts of
24:30
hydroelectricity, you look at Bitcoin.
24:33
You're like, oh wow, that's a really good idea.
24:36
And I'm sure that there's a tremendous amount of countries
24:39
that are very similar position. I'm very bullish on Africa, for
24:42
example, right? And and think about it, right?
24:45
So electricity, if you transport it over long, long period like
24:49
over long distances, it loses every mile loses a percentage,
24:55
right? So you kind of have to use it on
24:57
the spot and it's also not very effective to store like the
25:00
Battery Technology isn't really good.
25:02
So you kind of have to use it like right then and there,
25:05
right? And that's what a lot of people
25:07
and like you the misrepresentations by the bond
25:09
Administration, like the environmental Fudd.
25:10
Like that's what they never take into consideration.
25:12
Like they say like Bitcoin uses more country than the country
25:15
like Bitcoin uses more electricity in the country of
25:17
Denmark. It doesn't ask like what other
25:20
true CDs are you using right, like Bitcoin, miners can't use
25:25
expensive electric? They'll be priced out its
25:26
uneconomical. Like they can't like set up shop
25:29
in like the middle of New York City and be like, okay, let's
25:31
mine Bitcoin and we're going to make the prices higher for
25:34
everybody else. Like they have to go to where
25:38
the electricity is cheap and if the electricity is cheap is
25:40
obviously because there's a there's a there's an excess
25:43
supply of it, right? So incredibly bullish.
25:47
This is amazing. We're watching the peaceful
25:49
Bitcoin Revolution happen in front of her eyes in real time.
25:53
Holy cow on a political level, here in the United States on a
25:57
global level. And I think it was yesterday's
26:00
episode Opti were recovered the move by Jack dorsey's company
26:05
block to diversify the production of Asics, right?
26:10
Because unfortunately, it's dominated right now by two by
26:16
two Chinese companies and I have nothing.
26:18
China, but we do know that the CCP is hostile towards Bitcoin.
26:25
Opti, what's your take on this? And then we move on to the
26:28
culture and we have a very special guest also as well, so
26:31
we're really looking forward to that.
26:32
What's your take on this Opti? Yeah, well first and foremost,
26:34
you know, bullish on Bhutan, shouts out to them, shouts out
26:39
to actually. Shout out to any country because
26:42
that's who said it right here. McLovin anyone also wonder about
26:46
what other nations might be. Secretly mining sites.
26:48
Mining Bitcoin. Yeah, we've been talking about
26:50
that for a while now on the show and now we have the proof and we
26:54
have Have what we've been saying for a minute that you know,
26:58
that's the best part about Bitcoin.
26:59
You don't have to tell everyone. If you are mining Bitcoin, if
27:02
you are saving in Bitcoin, that's one of the beauty of a
27:06
Bitcoin is this is this is a feature, not a bug.
27:09
And so I'm bullish On Any Nation that has cheap, electricity
27:12
cheap energy and is starting to get into the Bitcoin mining game
27:16
and I don't know if you guys have been watching the hash rate
27:18
but it's going absolutely parabolic.
27:21
I didn't check it this morning, but the last time I checked it
27:23
was like above 400 exit. She's like it's absolutely going
27:27
crazy. So any Nation right now that is
27:30
getting into the Bitcoin mining game that is stacking Bitcoin.
27:33
In my opinion, is going to propel them into the bright
27:37
orange future and they will position themselves to become a
27:40
leader in, in the future of the world.
27:42
Because, hey, look, as I said in the first part, there's a fork
27:45
in the road right now. You can try to fight Bitcoin or
27:48
you can endorse Bitcoin and prosper and what's a big coin?
27:53
Big Mac coin-op These Big Mac coin in the chat said it best
27:57
like Bitcoin is not a negotiation like Bitcoin is
28:00
happening. You can try to ban yourself from
28:02
Bitcoin. You can hamper yourself.
28:04
You can shoot yourself in the foot but Bitcoin is happening in
28:07
real time. And anyone that is adopting, the
28:09
Bitcoin standard is going to prosper.
28:11
We are seeing this happen in real time.
28:12
The Fiat system is very shaky to say the least, you know, we're
28:17
seeing Banks blow up in the first world, which you don't see
28:19
happen. It looks like we might be going,
28:22
not only in a recession but maybe another Global depression.
28:25
And we have people out here fighting Bitcoin it absolutely
28:28
blows my mind. There is only one escape and it
28:31
is Bitcoin. So chefs out to Baton shouts out
28:33
to any country. That is endorsing Bitcoin right
28:35
now because they're going to win.
28:37
We are winning, they're going to win.
28:38
And you actually said something really interesting about, you
28:41
know, certain jurisdictions fighting Bitcoin.
28:43
I was going to wait to bring up our guests during the culture
28:46
segment but might as well bring them up now because I want to
28:49
get his take on it. Of course we have Dennis Porter,
28:52
the founder of the Satoshi action fund You've been doing a
28:56
tremendous amount of work, fighting the enemies of Bitcoin
29:01
mining. So what's your take on what's
29:02
going on in Bhutan man? Well, great to be back on the
29:06
show. Glad to see the two of you.
29:09
Thank you for bringing me up early.
29:10
Glad I could get my technical stuff sorted out in time, but I,
29:14
yeah, glad to be here in shock and talking about my absolutely
29:17
favorite topic, which is Bitcoin mining.
29:19
Yeah. There's, there's, there's people
29:21
who love other people who hated their jurisdictions, who are
29:23
trying to attract it and their Since you are trying to push it
29:26
out, it's always based off of somewhat of a misunderstanding
29:30
around the technology in New York.
29:33
They put a two-year ban a two-year moratorium on Bitcoin
29:36
mining. Obviously it's a little bit more
29:38
detailed than just a strict ban but it's will call it a band.
29:41
And then also just what is it two days ago or yesterday and
29:45
county in North Carolina? Put a one-year stop a one-year
29:49
ban on on Bitcoin mining there. And again it's just a, it's a
29:53
either a misunderstanding of the G or in some ways?
29:55
Let's be honest. There are some bad actors out
29:57
there that we as an industry, need to be cleaning up because
30:00
in order for us to benefit from this technology we can't be
30:03
having these Bad actors roaming around and causing problems.
30:06
So if you're a bad actor out there, watch out but we want to
30:09
make sure you are become a good actor but you don't want to have
30:12
these people just going around pissing off, local
30:14
jurisdictions, local neighborhoods and causing
30:16
problems for the space. But super pumped about Bhutan
30:19
and I think more and more countries are going to be mining
30:21
Bitcoin. Let's talk about Russia a little
30:24
bit. I mean, They're just cranking
30:26
away number two in the world. Now, on the hash rate, and we
30:29
can't let them become number one.
30:31
USA number one, all the way on Bitcoin mining.
30:33
Yeah. 100%, right? And and I think that's like a
30:35
very tough pill to swallow for some politicians.
30:38
Like they don't realize that, you know, an Opti I love his
30:40
quote, right? Which is like you can't, you
30:42
can't ban Bitcoin, you can only ban yourself from Bitcoin,
30:45
right? So, you know, and I think for a
30:47
lot of politicians, they think, okay, we're going to ban this
30:50
thing, but it's like you're just going to make the people that
30:53
are paying the taxes that are, you know, Employing these people
30:56
in your town and it and you know, you have to be real.
30:59
Like the reality is a lot of these Bitcoin miners.
31:00
They go to very remote towns that normally wouldn't have
31:04
these types of opportunities that Bitcoin miners are bringing
31:07
to them and you know, it's like, you're you're basically killing
31:13
the Golden Goose, you know, or the Bitcoin.
31:15
Goose better said, right? So yeah, man, it's just
31:20
interesting how this is playing out is interesting.
31:22
How the game theory is playing out but guys, before We get to
31:25
the culture going to focus on the Satoshi action fund the
31:29
Satoshi accent fund. What Dennis Porter is working on
31:31
nowadays. I'm going to tell you about how
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Twitter, DM. Anyways Opti.
33:26
What are we talking about today, brother?
33:28
Yeah man. Alright.
33:29
So Dennis men, Nico and I well rather Nico is the first one to
33:33
tell me this. But Niko always talks about the
33:36
importance of getting involved and making a favorable political
33:39
environment for Bitcoin. And while we're seeing, you
33:42
know, the federal government hostility towards Bitcoin, we're
33:45
sitting on a state level, with two different stories.
33:47
So what is the political fight looking like currently?
33:49
And what is, what are you working on over there at the
33:51
Satoshi action fund? Yeah, it's a great question.
33:55
To dive into and I would have to say, you know, props and Eco
33:58
because he definitely understands the need to be
34:01
politically engaged. Even though in some ways, you
34:03
know, I would say Nico and I are like, not on perfect alignment
34:06
on where we'd probably go outside of Bitcoin when it comes
34:08
to political issues. But the best part about Bitcoin
34:11
is it brings people together from a diverse background and
34:14
aligns them towards a singular Mission.
34:16
And that's advancing Bitcoin because it is one of the most
34:19
important causes that we can all be fighting for.
34:22
And so, we have taken a distinct effort at Satoshi Fun to fight
34:26
for Bitcoin at the state level. The reason why is?
34:29
Because at the state level, we can have a lot of progress.
34:32
We can move things forward, and there just isn't a whole lot.
34:35
The federal government can do in the meantime, especially as
34:38
Congress is currently divided. We have a Democrat Senate and a
34:42
republican house, you're not going to see a whole lot of
34:44
movement happening in d.c. although myself and many others
34:47
will continue the educational work that needs to take place
34:50
therefore when there is a United government in the meantime we
34:54
will be notching wins. At the state level.
34:56
We currently have passed a law protecting the right to mine
34:59
Bitcoin, in the state of Arkansas that was signed into
35:02
law, by Sarah, Huckabee Sanders. And then we are also about to
35:05
sign that same exact law in Montana as well.
35:09
Obviously, we can't guarantee anything still waiting for that
35:11
signature from the governor, but it's looking pretty promising
35:14
that same bill will. Potentially also pass in a third
35:17
state, which would be Missouri. It's a little further behind in
35:20
the process. So there's a lot of work that we
35:21
still need to do in that state but making a ton of Headway so
35:24
far. What we want to do is we want to
35:27
get the three states to pass this law, our hope is to beat my
35:31
original strategy, which was derived from the marijuana
35:33
industry. Those of you that don't
35:35
understand this issue, I'll give you a quick recap.
35:38
The marijuana industry has fought for decades to legalize
35:41
THC, marijuana products across the country and they have had
35:45
been hitting like no success, no success, no success until about
35:48
2012 too early 2010. When they started to shift their
35:52
strategy on how they approach this issue, they started to Go
35:55
to the state, level governments and convince policymakers and
35:59
Regulators. There are the benefits of
36:01
letting that industry grow in their state.
36:04
They didn't go around and say, oh, I have, you know, I should
36:06
be able to smoke whatever I want.
36:07
I should be able to drink whatever I want to put whatever
36:09
in my body that I want to. They instead turned around and
36:12
said, if you legalize this industry, you can bring tax
36:15
revenue, jobs increase, property value, decrease crime.
36:18
Those are the actual Talking Points of that industry and it
36:21
worked successfully. They pass.
36:22
Pro-marijuana legislation in Washington.
36:25
Canton, and Colorado, 2012. And now about a decade, plus
36:28
later we have more than 75% of the country of pro-marijuana
36:32
legislation on the books. I think we can do the exact same
36:35
thing with Bitcoin. And I'm here to prove that we
36:37
can with Satoshi action fund already on our way.
36:40
They started with two states in the marijuana industry.
36:42
They tried to do three. This is the funniest parts.
36:44
Almost an exact replica of the first swing that they took they
36:47
started with Oregon Washington and Colorado.
36:49
They got Washington and Colorado.
36:51
We're starting with Arkansas Montana and Missouri where got
36:54
Arkansas? Or about to get Montana.
36:56
If we get a third, I'll be pretty proud of the work that we
36:58
progress so far for our industry, for our space, and for
37:01
all bit Corners across the United States.
37:03
And dude, and like, and I kind of want to talk about that for a
37:06
sec, right? Which is the the ground up type
37:12
of strategy, right? Rather than approaching it from
37:14
the top, the from the top level, from the federal level kind of
37:19
go from the bottom, you go from the state level, you make, you
37:22
know, I call it Bitcoin Alamo States.
37:25
I like the state of Texas, you know, we ought we know how
37:28
DeSantis feels about cvtc's we know how he, you know, he's been
37:31
Pro hate using the word crypto but you know, eventually he'll
37:35
all roads lead to bitcoin. But, and it's really awesome
37:39
that, you know, the states that you're mentioning like Arkansas,
37:41
Montana, are getting it on their books that they are protecting
37:46
this, right? So even in the unlikely event,
37:50
right? And, you know, Congress is so
37:52
divided these days even if you know, We do have a United
37:57
government. It's you know, it's basically
38:00
it's not a supermajority, right? So you know it's a it's very,
38:04
very unlikely. I don't see it happening,
38:07
especially since I think the next five to ten years.
38:11
You're going to see crazy Bitcoin adoption.
38:14
I don't see, you know the the federal government coming
38:17
together. Congress coming together in
38:19
passing this anti Bitcoin legislation, but it's like,
38:22
you're protecting it on the state level.
38:24
So it makes That even it makes it even more difficult and I
38:28
completely agree with you, that marijuana is very similar,
38:30
right? The federal level, it's
38:31
completely legal, but on the state level, the states are just
38:34
like, you know what? It's legal here.
38:35
And then you have the, and then the marijuana industry exploded,
38:38
right in California is taking off Colorado.
38:40
It's taking off Oregon. It's taking off even though on
38:43
the federal level technically, it's still illegal.
38:45
And I think that really highlights, you know, that one
38:48
of the best things that I love about the United States, as is
38:51
the sovereignty of the individual states, right?
38:54
And how they could they Makes it look like this is how we want to
38:56
take this as how we want to do things and I want to another
39:00
state that I want to mention as well is Wyoming, Wyoming passed
39:04
a very very strong law protecting private keys.
39:08
I don't know if you're familiar with that.
39:10
Dennis, but it was it was, it was very, very powerful that
39:13
law. And it made me very very happy
39:14
when I when I saw that. Yeah, extremely familiar with
39:17
that law. In fact, that's one that we want
39:19
to push across the United States as well.
39:21
Now, for our organization, we are a Bitcoin, mining Focus,
39:25
entity, and organization. But there are a lot of areas
39:28
policy areas that are pretty parallel to the work that we're
39:30
doing. So, we are very interested in
39:33
protecting private Keys. We are also interested, broadly
39:36
in any sort of anti-seizure type of laws.
39:39
So that's, that's a policy that we definitely agree on and then,
39:41
as far as your, you know, comments on starting at The
39:44
Grass, Roots, starting as low as we can, I think, We are very
39:47
fortunate that we live in the United States where states do
39:51
have some level of sovereignty. In fact, I would love to see the
39:54
states have even more sovereignty as we move forward.
39:57
The federal government is too powerful and I think it's one of
40:01
the main reaches out, think I know it's one of the main
40:03
reasons why our country is so divided because as we fight over
40:07
the federal government, we caught, we sort of like are
40:10
willing to go all in in order to get this power.
40:13
Not only is the government just very bureaucratically
40:15
controlling over. The daily lives of Americans.
40:18
They have the unlimited money printer, and they can do
40:20
whatever they want with that unlimited money picture.
40:22
I mean, that, that is the most powerful sort of like superpower
40:27
that you could possibly have in modern the modern history.
40:30
Like there's never been a more powerful money printer in
40:34
recorded history that I know of asides from the US dollar, so
40:38
controlling the US dollar and how it gets printed is.
40:41
So valuable that Republicans and Democrats are practically
40:45
willing to go to war. With each other in order to
40:47
acquire that product control. And that's why it's very
40:50
dangerous. When you start talking about
40:52
things like cbc's because they don't, they not only extend the
40:56
power of what you can do with money.
40:59
They make it possible to turn money into something up like a
41:01
political football, right? You can used to be just control
41:05
how the money is printed and where it goes.
41:07
Now, you can control how where, and when people spend their
41:10
money, you can turn on someone's money when they want to buy
41:13
something, and you can turn it off.
41:14
And that might be, let's say, let's say both sides of the
41:16
aisle. You can take this on both sides,
41:18
some people on the left, don't understand why I'm so anti CBD.
41:22
See, I'm like well wait till you know president gets into power
41:26
or republican that you don't like you think is an enemy of
41:28
yours because you're on the left and you care about abortion
41:31
rights. Well what's I say they turn off
41:33
of Orchard and the ability to buy an And just like that or
41:35
abortion pills. So it's a really it's really,
41:38
really a tricky issue that I think we have to be careful with
41:40
and on the right. It's the same thing.
41:42
Do you wanna be able to buy a gun turn that off Democrat and
41:44
have a very very slippery, slope that we go down.
41:46
When we start to give the ability for the federal
41:48
government to control where and when, and how you spend your
41:52
hard-earned money? And I think we need to be doing
41:54
everything possible to preempt cbc's.
41:56
And that's why I was happy to see you show The Tweak.
41:58
I was happy to see North Carolina came in and they were a
42:03
Banning BBC's at the state level.
42:05
I saw similar types of legislation in Florida.
42:09
You know, this isn't our core Mission as an organization, but
42:11
I think it's something that's important to us and it's
42:13
important to a lot of people care, a lot about Freedom.
42:15
Yeah. 100%, 100% Opti. What's your take on all this
42:18
brother? Love it.
42:19
Well, I actually have some similar questions for Dennis.
42:22
What is like the general perspective that you are getting
42:25
from the politicians that you continuously talk to in regards
42:28
to bitcoin? So it varies greatly.
42:33
You know, sometimes we meet policymakers very, very
42:35
interested in talking about the issue, I would say, in general,
42:37
the Overton window is shifted towards interest caring about
42:41
the issue. There's not a whole lot of
42:43
people who are openly opposed to it.
42:46
I mean, you do have your course, your Elizabeth Warren's, you do
42:49
have your Brad Sherman. So, I think they will go to the
42:51
end of their days and Congress, you know, they will, they will
42:54
retire from those offices still opposed to bitcoin, because
42:58
they're so dug in on the issue. Shoo.
43:01
But generally speaking people are very receptive to it.
43:03
They're very open to it. I think it has something to do
43:06
with just the amount of time that is that Bitcoins been
43:09
around. So Bitcoin has been around for
43:11
almost what 14 years now and that's starting to make people
43:15
realize this isn't going to go away anytime soon, on the other
43:19
side of the coin, you know, when it comes to talking about the
43:21
benefits, we are just hammering those benefits all the time,
43:23
just like how the marijuana industry talked about their
43:25
benefits jobs, reduce crime, increase property values.
43:29
We are Getting a message of how Bitcoin mining can be good for
43:34
creating jobs, local investment grid stability, environmental
43:36
cleanup and the ability to enhance green and carbon-free
43:39
energy projects. And there's not a legislator on
43:41
the planet. Who doesn't like those things.
43:42
Every single person we talked to you like so those things.
43:44
And so we're having on making a lot of progress with that
43:47
message and people are coming together on it.
43:49
And they as you can see, are passing legislation to protect
43:52
to try to protect and bring this industry to their borders.
43:56
Absolutely love it. Okay I am guessing that We have
44:00
politicians or at least people adjacent to politicians
44:03
listening to the show today. What would be your one to
44:06
two-minute elevator pitch for Bitcoin and why they should
44:09
endorse Bitcoin elevator pitch for why they should endorse
44:13
Bitcoin is because it will give Americans an opportunity to
44:16
protect themselves from the inflation that we know is to
44:19
come. There is going to be at least a
44:22
decade of inflation in front of us.
44:24
And this asset gives Americans, the opportunity to protect
44:27
themselves from Runaway inflation.
44:29
We don't know how bad Will be but we know it will be bad on
44:32
the other side of the coin. We also have a burgeoning
44:34
industry. A nascent Tech infrastructure
44:37
called Bitcoin, mining Bitcoin mining can help balance grades,
44:40
it can enhance her to Robles. It can solve a lot of the Energy
44:43
Efficiency problems that we see today in the world, not only on
44:46
the grid but also in the oil and gas world as well, we can start
44:50
to mitigate methane emissions reduce emissions for the
44:53
state's, reduce emissions for the entire country, by using
44:56
this technology to mitigate methane and can convert it and
44:59
combust it. And Turn it into Bitcoin, which
45:01
is something of value. So I think it's a very, very
45:03
powerful technology. I think it's something that
45:05
states should be doing everything possible to compete
45:08
for and I think that they will be.
45:10
I think they're going to continue to do that in any
45:11
policy maker who wants to get in the game and make sure their
45:14
state doesn't get left behind. You get in contact with me or
45:17
Satoshi action fund to make sure that they're passing Pro Bitcoin
45:21
mining and pro Bitcoin policy today beautiful beautiful.
45:23
And then also I want to talk about this as well.
45:27
Dennis, which is this We touched upon this very early on, but
45:35
yeah, I suspect, you know, especially with the current
45:37
Administration, right? Specifically with the
45:41
presidential economic report that they release on a yearly
45:43
basis. They dedicated 20 entire pages
45:46
to basically making the case as to why Central Bank digital
45:48
currencies are necessary, why you need a state for money?
45:53
The case for Central Banking. So you can, you can tell like,
45:56
they they are very hostile towards the industry and I was
46:00
actually having Being a had Caitlin Long on simply Bitcoin
46:02
IRL. I think there's like a month.
46:05
It was amazing. Caitlin is awesome a month or
46:08
month or two ago and is like, about a month ago and she
46:12
basically said, she said that the reason the orders to deny
46:17
her Federal Banking Charter for custodial Bank came direct from
46:21
the top, right? So we know this current
46:22
Administration, you know, we know how they feel about
46:25
Bitcoin. It's not a theory anymore.
46:27
They just just came out and said, hey, we want to tax
46:30
because When miners 30 percent, so they're really hell-bent on
46:33
at least stopping this moving or slowing it down.
46:37
But I think that what they don't realize and I think that there's
46:40
been a lot of politicians that are aware of this is that you're
46:43
just going to risk the industry leaving.
46:46
The you're going to risk the industry going overseas, right?
46:49
They'll just move this same thing happened in China ready?
46:53
Who's like? No there's no way that you know,
46:54
all these miners are going to leave China.
46:56
Although once the when the CCP band Bitcoin mining within its
47:00
Borders. The hash rate fell by like 50,
47:03
60 percent. It recovered in 8 months and now
47:07
it's making an all-time high. And all those miners just went
47:11
to where they were treated best. This is when our politicians
47:14
going to realize this, like it's like you're only hurting
47:17
yourself and your local jurisdiction.
47:19
You're not trying to. You're not achieving what it is.
47:23
You seek to achieve which is to make this thing disappear
47:26
altogether. It's not going away whether they
47:29
like it or not. Yeah.
47:32
That's absolutely right. Well, that's why I fight so hard
47:34
to make sure that policymakers are educated on the issue.
47:38
So that they work hard to attract the industry because I
47:41
want us as United States, not only to benefit.
47:44
I want us to lead on this technology like we have lead on
47:47
other Technologies in the past and so it's important that our
47:51
policymakers and Regulators know, the value of this
47:53
technology. And I'm glad you brought up
47:55
Caitlin long because I think it's really important, also that
47:57
we make sure that within the banking sector that we make
48:01
proper advantage. Advancements for the space.
48:03
I know a lot of us live in a world where we traditionally
48:06
want to see Banks, kind of look, lower their importance.
48:09
So, to speak for the space. We want to see it become easier
48:13
and easier to use Bitcoin and less relevant to use Banks.
48:17
But unfortunately, we still kind of live in this transitionary
48:19
period where I think the majority of people, especially
48:22
businesses, if you got a Bitcoin business, I mean, you know, you
48:26
need a bank like you cannot operate without a bank.
48:28
At this point. You can't operate on bitcoin.
48:30
There's just not enough people who accept Going as a form of
48:32
money within the business world, to be able to operate properly.
48:35
So her getting her fed Mastercraft account was really
48:38
critical so that her State Chartered Bank.
48:41
Custodia could link up to other Banks within the the, you know,
48:44
Financial system. I'm looking hard into this
48:48
issue. Hopefully that we can find a way
48:49
to move forward on it. I think it's really important
48:52
that we do enabled United States to allow crypto banking I, you
48:56
know, I say crypto banking but it's obviously very much so I
48:58
believe in Bitcoin as the, you know, the base layer and the
49:01
thing that's going to obviously take them up 99.9 percent of
49:04
market share as we move forward. But I'm glad you brought it up
49:08
because it's something that I think could possibly be done at
49:11
the state level, we're looking into potential avenues for how
49:14
that could take place. And it's one of those things
49:16
though, that for us, is to Toshi action.
49:18
We also launched our Satoshi action education, which is our
49:20
research arm. So if anyone is interested in
49:22
helping us to be able to find resources to go, tackle this
49:26
issue and be able to solve the problem that we have with the
49:28
banking crisis in the United States or chokepoint 2.0 is kind
49:31
of what they would call. We are actively looking for ways
49:33
to research and solve that at the state level.
49:35
Tying it into the marijuana industry analogy here.
49:37
Again the marijuana industry, so has the same exact problem, they
49:41
are not allowed to be banked federally because the fact that
49:44
possessing Distributing growing marijuana, it's still a federal
49:47
crime and so they're blocked out of Federal Banking.
49:50
So we are looking into how they've solved this problem to
49:52
be able to solve the problem that we have today as well.
49:55
100%. Well Dennis, thank you so much
49:57
for joining us today on simply Bitcoin.
50:00
Really appreciate it. Why don't you?
50:01
Tell everybody what, what you're worth.
50:03
I mean, everyone knows what you're working on these days.
50:06
But why don't you tell everybody where they can find you?
50:09
Absolutely. And thank you again for having
50:10
me on the show. Look forward to coming back
50:11
again in the future. It is a if you want to follow me
50:14
on Twitter, you can go to at Dennis underscore Porter
50:17
underscore. And if you want to go to our
50:19
website, you can go to the cauchy action dot IO.
50:22
We are looking for monthly supporters.
50:24
So if you like the work we're doing go there and you can
50:26
donate Bitcoin or you can donate Fiat.
50:28
Hi Manuel really, really appreciate you joining us.
50:30
Like I said and keep up the good fight, man.
50:33
All right guys, no more delay. Let's get to the moon review,
50:36
let's do it. The daily meme review brought to
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you by Kaboom racks. I get this question all the
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50:48
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I don't know. But the Kaboom Rex cracks me up
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every day. Kaboom all right.
51:15
Got you already know? This is the mean review.
51:17
This is your favorite portion of the show where you send us memes
51:21
and we cover them live, where you watch me butcher your memes
51:24
and try to explain these pictures.
51:27
I know that's your favorite aspect of this.
51:29
But tag me in the on Twitter drop, memed in our telegram
51:33
group and I will find a few of them because I get tagged in a
51:38
lot of them, and I'll Come on the show.
51:40
As you guys know we are in an information war and it's a pain.
51:43
Every single one of us to put our hat in the ring to spread
51:46
the signal, get the cause of actions out there ridicule the
51:50
corporate press so that we can you know show them to be the
51:55
mockery that they really are and we do this via memes and all you
51:59
guys out there are you ship posters?
52:00
Bitcoin meemers are the real MVP s.
52:03
Anyways this first meme is by our friend the BTC therapist and
52:08
he just put it in a tweet. Eat hashtag.
52:10
BTC is the only way out and I know all you bitcoiners our
52:14
macro analyst now and you were so concerned about the fomc
52:17
meeting yesterday and what the Fed was going to do.
52:21
Well as Bitcoin as we're just like guys just adopt Bitcoin at
52:25
this point. Anyway, this is a picture that
52:27
that PTC therapist put on and we got Jerome Powell here Holding
52:31
On by a small little twig in one hand.
52:35
And then the other hand he's got a big old bag of debt and if he
52:39
wants to Survived this plane crash by the bricks.
52:43
He needs to let go of a debt and hold onto Bitcoin.
52:47
This is the way, I mean, perfect, perfect segue, from
52:49
what we've been talking about today, whether it was boot on
52:52
whether it's what Dennis is talking about and getting
52:54
politically involved and seeing on a federal level that they are
52:58
fighting Bitcoin. But hey, on a state level, there
53:00
is hope. Anyways, this next meme is by
53:03
dear Gigi but there is a little context here.
53:05
So apparently Wall Street bets made some shit coin.
53:10
On subreddit. And then some big bag, holder
53:13
dump their Holdings. And apparently the shit coin got
53:16
rug, you know, story as old as time.
53:19
Anyways, we got drew it and goes rug pulled, and then we got Adam
53:22
back here. And he goes, rugs are designed
53:24
for pulling stop. Buying rugs by Bitcoin.
53:27
Dominance index needs to be over 95% again.
53:30
And then we got there, GG here and he goes, the great rug and
53:34
this is the meme. Here is a rug, you know, nice
53:38
Persian rug here. And it goes where there's trust
53:41
in others. There is a rug Satoshi Nakamoto
53:44
past the paraphrase where there's trust in others.
53:47
There's a rug guys reread. The the literally the first two
53:51
paragraphs of the white paper. And this is what to tell.
53:54
She was saying where there's trust in others.
53:55
There is a rug and we are seeing the rug happened, not just in
53:59
shit coin land but also in traditional Banking and we got
54:03
this meme from toxic at. He actually dropped this in our
54:06
telegram group, but then I went and looked on his Twitter and he
54:09
Dropped it there as well. So I can post it for you guys.
54:12
So we got a tweet here by the co biasi letter and it goes,
54:15
breaking Regional Bank, stocks are crashing after hours of
54:18
pacwest says they are looking for a buyer pacwest.
54:21
Now down 57%, Western Alliance Bank.
54:24
Now down 30% mature, Metropolitan Bank, now down 20%
54:29
and two hours ago, the FED said the system is strong and we got
54:33
Eric Andre here going. Wait wait.
54:34
Did he just say the banking sector is fine.
54:36
What is going on here? It's almost like The banking
54:40
system is about to blow up. But hey, what do we know they
54:42
could probably kick? The can down the road a lot
54:44
longer, but it doesn't matter to us.
54:45
We are bitcoiners. Hopefully this is the big
54:48
hopefully in this is the only way you really own Bitcoin.
54:51
You have your Bitcoin in cold storage and it's not on an
54:53
exchange. It's under private keys that you
54:55
control. Anyways, this next meme is by
54:57
Maxis Club continuously killing it on Twitter and I think
55:02
there's a Maxis Club animation now.
55:04
I haven't checked it out yet but I see you're doing good work out
55:06
there Max's Club anyways. 384 always has Ben and we got the
55:10
classic meme of, obviously, this is Peppa fide.
55:13
By Maxis Club where you cut off the branch but we got scammed
55:18
and we got shit Corners, cutting off the branch to scams and then
55:21
we got cbc's cutting off the branch to shit coins.
55:24
And then we got the big hunter accessing the whole tree because
55:27
it's scams all the way down unless you're in Bitcoin.
55:30
This is the only way to make it out of the system alive.
55:34
Anyways, this next meme is by Vivek ferio underscore, and I
55:38
really felt this And because it reminds me of something that our
55:41
friend Tucson said here on the show or rather maybe in spaces,
55:45
the idea that you can be on a high per Bitcoin eyes world
55:48
today if you only hang out with bitcoiners and if you buy the
55:52
things the goods and services you want with Bitcoin today.
55:55
Anyways, you guys how it feels, be it how it feels to be already
55:59
in hyper Bitcoin ization while the whole world is still on the
56:02
Fiat standard and you got this astronaut sitting by the river
56:06
contemplating their life. But also in Coins.
56:09
Then this is the way guys find ways to get goods and services
56:15
by bitcoiners. Hang out with Bitcoin and maybe
56:17
on orange Go app or, you know, your local meetups are actually
56:20
find your local meetups on orange collapse or you know,
56:22
cultivate more bitcoiners around you.
56:24
This is the way guys. Anyways, this next one, I really
56:27
like this one because it reminds me of all the rap albums.
56:30
I grew up as a child with the parental advisory explicit
56:33
content. Sticker on it.
56:35
Anyways Mordecai, one goes Fiat. Got nothing on me bro.
56:39
Any tag does and there's a picture of Shack as Bitcoin
56:44
dunking on. I think this is a Sacramento
56:46
Kings but it's the dollar Bitcoin just constantly dunce on
56:49
the dollar and we stay winning Bitcoin incentive, stay winning
56:53
and as we move forward in time it's just going to become
56:55
clearer and clearer that Bitcoin is winning.
56:57
There is a fork in the road. Guys are against Bitcoin, you're
57:01
against Freedom. There is Bitcoin and there's
57:04
slavery. There is a life filled with
57:07
prosperity. On bitcoin and there's a life of
57:10
theft on Fiat. Anyways, shouts out to opt he's
57:14
Big Mac coin in the chat. He's absolutely devastated
57:19
because he's been sending me Bob memes on Twitter for.
57:24
I don't know years now and I'm usually like I can't put these
57:28
on YouTube because YouTube, no likes nudity but apparently
57:33
Nikka said this one is good to go.
57:34
Well, I mean Cory Cory Cory, I mean, Corey recommended it We
57:39
got this. We got this.
57:50
All right. Anyways it goes hashtag.
57:51
Bitcoin has. This is more on-brand for simply
57:56
Bitcoin and then he contacts me and goes up.
57:59
The looks like we got a new one for the meme review.
58:01
Anyways, I'm pretty sure how I met your mother is PG-13 on
58:06
television, so this Be good for YouTube.
58:09
Anyways, apparently, this meme is by at the fat Bitcoin and we
58:13
got, what's this guy's name? Again?
58:14
I forget what this guy's name is.
58:17
I don't know, I don't know whatever the main guy.
58:19
The the chat guy in the show, that is a complete degenerate.
58:24
Anyways, he's sitting there and goes me and there's a waitress
58:27
that shit coins and her boobs are all in his face and he's
58:30
looking at the girl. He likes over here and it's
58:32
Bitcoin and he looks away from the Bob's, which is me simply
58:36
looking on bitcoin avoid this Shit.
58:38
Coined it is Bitcoin not crypto. This is the way boys and girls
58:43
do not what's that from the from the Matrix, do not get
58:46
distracted by the lady, in the red dress, it is a shit coin.
58:50
Pickling only is this is the LED Matrix.
58:52
I'm going to give it a matrix score.
58:54
Wait wait, drop your me. Reviewing this in the chat,
58:56
score in the chat so we can cover it.
58:58
If you watch The Matrix, you will understand this reference.
59:01
You are a battery opt out of the Fiat Matrix.
59:03
Yeah, alright, okay, okay. My mean review score is a single
59:10
Coffee Bean, okay? Okay, right fell on the floor.
59:14
So now it's my score but there's a single coffee being, you know,
59:17
me. I get jacked up on coffee every
59:19
single day. This is the All right, guys.
59:21
Before we get to the scores, I'm going to give a very special
59:23
shout-out to our merge sponsor opting out where the merge every
59:25
single day. I'm wearing the, the camo
59:27
grenade hoodie opt, he's wearing the simply Bitcoin, dad hat,
59:31
which by the way? It's so now sold out again.
59:34
Wow, there is fitted hats. I believe still, I have to go
59:38
chatter some in stock. You get, you guys have to get it
59:40
while supplies. Last check out all their other
59:42
merge till they drop regularly. You gotta go to represent
59:45
LTD.com and you could use promo code simply Dash Bitcoin, get
59:49
yourself. A nice discount.
59:51
Anyways Opti let's get to some of the scores hold on as they
59:56
come in as a coming proof-of-work.
59:58
Very innocent meme. Very innocent memes me go.
1:00:03
Okay, okay, let's see. First or Nika, there you go.
1:00:07
The p man. Van one Cole Cole, Oak Vision,
1:00:11
but localization koloko Vision burgertime, cassette, okay?
1:00:16
I like that. I don't know what that means but
1:00:18
like how Andy? I give it two Bob's up.
1:00:22
Perfect, perfect. Very nice.
1:00:24
It's basic biology. The expiration date on NEOS
1:00:27
passport. Oh yeah.
1:00:28
What was that? Again, I have to check that out.
1:00:31
It's a good date. I forget what the date is, but
1:00:33
it's a good day. I have to check that out.
1:00:35
All right, next one. The Roman stack SATs memes
1:00:38
score, where you paying attention, or were you looking
1:00:41
at sheet, much? Oh, that's a good one, that's a
1:00:44
good one. All right, next one.
1:00:46
Next one buzzer, buzzer buzzer. Oh wait, Wait, wait, wait, wait,
1:00:51
wait, wait, wait, one more. I ran more a stand-up reaction.
1:00:57
Eek eek. If you know, you know, dude.
1:01:00
Wow, do you even internet, bro? Apparently died a verily.
1:01:03
Not anyways, everybody also check out Simply Bitcoins
1:01:08
telegram groups, absolutely free.
1:01:10
Shout out to Darth coin, he absolutely holds it down.
1:01:12
You gotta go to www.ah.mil Sasha, simply Bitcoin TV, join
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the party, we're almost at 1000 people in there, it's a party,
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it's a good old time and also if you want to help support the
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show, subscribe to our sub stack.
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Go to Simply Bitcoin dot knees were dropping the written
1:01:28
version. Of this show, hot fire on a
1:01:30
regular basis. Everything we do is free, but if
1:01:32
you do want to support the show, we really, really appreciate it.
1:01:35
Anyways guys, thank you so much for tuning in to another episode
1:01:37
of Simply Bitcoin live. If you enjoyed the show, you
1:01:40
know, to do, smash that like button, consider subscribing, if
1:01:43
you feel like we provided you value, but the number one thing
1:01:45
you could do to help push the peaceful Bitcoin Revolution
1:01:49
forward is share this content in fact, share all Bitcoin content.
1:01:53
Don't share chicoine content because it's counterproductive.
1:01:56
And in ways we love you all will see you tomorrow show up.
1:01:58
Fifteen PM Eastern Standard Time for another episode of Simply
1:02:02
bit call. Also, if you want to join the
1:02:05
after party, we're holding it down until 2 p.m.
1:02:08
Eastern Standard Time with our friends.
1:02:10
Over at Swan Bitcoin best place to build your Bitcoin stack.
1:02:14
Shout out to the best producer in the game producer Jacob.
1:02:17
So, if you want to hang out with Opti and just hang around and
1:02:20
talk Bitcoin, join the simply Bitcoin.
1:02:22
Twitter spaces if you're following Swan or simply just
1:02:25
you'll see it at the top and join the conversation.
1:02:28
Ation. Oh wait before we go.
1:02:30
Didn't you say there's a special announcement today or something?
1:02:34
Or is that just a special guest? Announcement is a special guest
1:02:37
announcement. I thought I was a special not.
1:02:40
Anyways, whatever. I'll see you in.
1:02:41
Space is guys. All right guys.
1:02:43
See you tomorrow. Peace.
1:02:54
Oh all right guys you already know the deal.
1:03:04
This is the simply Bitcoin space has a Bitcoin only Spaces by big
1:03:07
corners for big Corners. So come up here, add two sets to
1:03:10
the conversation and LEDs continuously spread the signal
1:03:16
but if not you can just kick back, hang out and listen to
1:03:20
bitcoin to talk about Bitcoin like we do every single day.
1:03:23
Anyways, first and foremost. What's your name?
1:03:26
What's your name now? You change it so much on me.
1:03:28
I forget what it is.