Latest / Simply Bitcoin / MAJOR ATTACK On Bitcoin, Tyrants Exposed. | EP 452

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MAJOR ATTACK On Bitcoin, Tyrants Exposed. | EP 452 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments, welcome
0:08
back everyone. We're simply Bitcoin.
0:10
We break down the news. The daily fail meme review,
0:13
software releases Hardware releases and the websites by
0:18
plebs joining us today. Fellow bitcoiners.
0:22
We've got Carla and Walker the crypto couple.
0:25
That's right. But first, we are diving into
0:28
the numbers. Let's do it.
0:29
Nick. Co brought to you by Bitcoin
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2022, it's gonna be the largest Bitcoin conference ever.
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It's in less than a month guys, get your tickets.
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It's gonna be an awesome celebration Phil.
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your tickets to the biggest largest Bitcoin conference ever
1:09
Bitcoin 2022. At the time of this recording,
1:12
the block height is 727 1949 the Bitcoin, price 40, 2215 chain
1:19
rewrite days 760, total public lightning capacity still
1:23
climbing. 3520 9.45, Moscow, time 2374, Four blocks to the
1:30
having 112,000 51 and the samurai Whirlpool.
1:35
Unspent capacity, Samurai Whirlpool is a coin joint or
1:40
collaborative spend service. They've got 4480 4.80, 9bt, see
1:46
in that pool, Nico the numbers. Keep saying it keeps saying that
1:51
unspent capacity because I suspect it will become illegal
1:55
one day's. Bitcoin.
1:56
Not dead again. It's not dead yet.
1:58
It's not dead yet. Phil but - I thought this should
2:01
be interesting. I got an email from a pleb and
2:05
he had a very interesting question.
2:06
I think that we could all add to it so I'm gonna pop it up.
2:10
So you guys could see it tomorrow live, but I'm going to
2:12
read it during from my phone during the recording.
2:15
But anyways says, Hey Brother, how's it going?
2:18
My name is, I'm replacing his real name with Satoshi.
2:21
So, nope, you know what? That might be a little
2:23
confusing. Let's go with Bob Bob.
2:30
Okay, there we go. And he says, Hey Brother, how's
2:33
it going? My name is Bob and I'm looking
2:35
to get into Bitcoin. I'm really enjoying your show.
2:38
The reason I'm writing to ask you about Bitcoin is because
2:41
it's clear from your show that one of the main concerns is
2:44
Liberty. It's absolutely correct.
2:47
I'm up in Canada and as you can see, privacy is getting more and
2:50
more important. Every day.
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I got a real kick out of the response from nunchuck to my
2:55
Provincial Court. If you guys don't understand
2:58
that reference, that's when the Chuck this company, basically
3:01
told the Canadian government. Hey listen, we don't have access
3:05
to that Bitcoin, etc, etc. Is that a good place to start?
3:10
I read about Samurai wallet. Is that a better option?
3:12
I have no idea. I understand I should create a
3:14
node first. Anyways, I'm a complete Noob.
3:18
Any pointers would be greatly appreciated.
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Thanks for your time. Take care, fellow pleb, Bob Bob.
3:26
Excellent question. A lot of a lot of stuff to
3:28
impact their. Okay?
3:30
So, first and foremost, first thing that you should do is take
3:34
self custody of your Bitcoin. A lot of people get caught up
3:38
with the Privacy stuff. The most important thing, number
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one thing that matters is taking sole possession of your Bitcoin,
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that means buying a hardware wallet.
3:49
And, you know, writing down those 24 words that the part
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where wallet, you know, randomly generates for you, right?
3:56
And you put those 24 words in a very safe place.
4:00
Ideally, you'd like, to back them up in metal just in case,
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if you want to be super hardcore and then take all your Bitcoin
4:07
off exchanges, put it on there. Now I'll get to privacy lost.
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The reason that you'd want to run a node is if your are using
4:15
that Hardware wallet and you're connecting ledger to like Ledger
4:19
live or you're connecting ledger to electrum server, right?
4:23
Or you're connecting ledger to anyone of blue wallet if you're
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not using your nose, Node, you're using their node.
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Meaning you're exposing all of your Bitcoin addresses to them,
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so that they could theoretically know they could submit my shoes
4:40
by okay. This person has this much
4:42
Bitcoin and I know his IP address, if you run your own
4:47
node and you connect it to one of the many Hardware or software
4:50
wallets, which connects to your Ledger.
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You're not trusting anybody. No one knows what your address
4:56
is. Are in fact, when you send a
4:57
transaction you're sending that Through torso, no one even knows
5:02
where that transaction occurred from.
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Right? So, but the the, so there's two
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things and then the Privacy stuff.
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Listen, I think it's important. You know, it's good to you know,
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I guess if you are privacy, privacy Centric.
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Personally, I just worry about taking self custody.
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I definitely worry about running my own node.
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If you wanted to do some shady stuff on the internet, perhaps
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maybe privacy thing could be more important.
5:29
Portent, I think at this moment in time, I think though, if you
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properly self, custody your Bitcoin, you take advantage,
5:37
take advantage of multisig of separating, your seats in
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different geographical jurisdictions.
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I think that is the most important to thing to do.
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But anyways, Phil, what are your thoughts on this to Bob?
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Just the bottle? Yes.
5:51
To Bob, of course. Okay, so for the node, I mean,
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look, you gave a lot of great advice with the, you know, the
5:56
hardware wall itself sovereignty.
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So I'm not going to go over, you know, taking Self custody of
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your Bitcoin. So I'm not going to go over that
6:03
piece but in terms of a node a lot of times people get confused
6:07
because there's so many different node flavors and they
6:10
want to know what the differences are at the end of
6:12
the day. It's really going to be a matter
6:14
of partially your technical capability.
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Number one, number two, the price point that you're willing
6:20
to pay number three, the type of user experience that, you know,
6:24
that you want to have. So you know in my case I run a
6:28
my node, I also run a raspy Blitz I also run an umbrella.
6:32
I also run an embassy just because I like to run all these
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different flavors of nodes and I enjoy going through all the
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different you know user experiences.
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I would say for you know someone who's a total Noob, I would
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probably you know suggest something like like a my note
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but now moving on to the the Privacy aspect.
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So look privacy is really difficult because it really is
6:54
also a matter of your capability your preference.
6:59
And how much commitment you're really willing to make to
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privacy because privacy, is not that simple, right?
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Like we, obviously, like, you know, we see a lot of privacy
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LARPing and stuff like that, you know, because people are online
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and they're talking about privacy, which is fantastic.
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We can't not talk about it. It's very important.
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And we should absolutely have a right to it.
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But at the same time, it's, it's very difficult.
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So, you have to decide what degree of privacy you're going
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to. Have and how comfortable you are
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with it. I think to me, anyways, that's
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the best answer. I can go to sleep with at night
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and one of the best ways, if you really concerned about privacy,
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instead of thinking about the coins and all that, run your own
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note, like it that like that already you're 90% good at that
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point, right? If you, you know, want to put a
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tinfoil hat and you really, really privacy Centric.
7:54
Then perhaps you can go into the coins and stuff, but just by the
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mere fact of taking self custody, Writing your own node.
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That is already in itself, a lot of privacy because once you run
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your own node, people don't know who your transacting with.
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They don't they have no idea, right?
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They don't even know if you own those keys.
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Per se, right? Anyways, the crypto couple.
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What? Are your thoughts on this
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question? Bye.
8:17
Bob. Well, the fact that Bob isn't
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talking about a node. What is already talking about
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nodes like this are you Bob Bob Bob wink wink.
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You are like already so far apart.
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Finally, a new lot of big Corners like this Bob not even
8:33
own any coins yet, because if so, this is even more and now
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I'm suspicious honest. Now I'm like his father's.
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I don't know, just getting I'm getting.
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No, I think that I'm just, you know, you guys nailed it.
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First of all, the biggest thing I would say, like at least for
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me when I was getting started out was I want to try to figure
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out what is the easiest way that I can get like a minimum viable
8:54
product in terms of security, right?
8:56
Like, how can I as I'm starting out and especially maybe Putting
9:00
in too much right away, I'm putting in maybe it's, you know,
9:02
a few bucks a week. Now, this is fairly recent but
9:05
now I have a stack of different Hardware wallets because I fears
9:09
like to play around with them over the course of the last
9:11
several years and it's fun. I'm in terms of nodes, I run an
9:15
humble but I started with a raised by Blitz similarly to you
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just because I thought that's a really cool way to actually get
9:20
my hands dirty with and we just had one laying around and yeah.
9:23
Yeah. I think the fact that you are
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already asking these questions and that you're already thinking
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about not just okay, how do I buy Bitcoin?
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But how do I securely custody? How do I securely?
9:39
Verify my Bitcoin. You are already multiple steps
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ahead Bob. So you're already on the right
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track best thing you could do. Would just number one thing.
9:50
Get yourself a hardware wallet and you're already farther
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ahead. Further ahead, pardon me, then
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most people will be. And then one thing I want to add
9:58
to that is just to Number two do like Security reviews every once
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in a while because for the most part he handles a lot of that
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and then like we'll go and have review sessions where like all
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go through things like uncertain weekends but you know it's just
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good to keep a refresher because you know it's steps.
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It's tough you're fully responsible for that.
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If you mess it up, it's on you. So it's in your best interest to
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just you know grab some training on itself.
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Custody is amazing. Like it is incredible that we
10:27
have for the first time in history, an ass.
10:29
Set that is Encompass cable. We just got from back from them
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Compass capable conference. That word is still in my head.
10:35
Yeah. But this is something that you
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can truly have custody of her like no other asset that you
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own. I don't you can name any asset,
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you cannot own it the same way that you truly own Bitcoin, but
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with great power comes great responsibility.
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So you have to make sure don't overcomplicate your setup and
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end up screwing yourself over. Keep it simple, stupid.
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And first, you know, do what you need to do, but Of the fact that
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you're already asking about these things which are not
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complex to set up, but are complex things to start to think
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about like nodes like self custom, like other deeper
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privacy things, coin Choice, you're on a great path already
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but yeah, Bob exactly, Bob, I heard it.
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I hope I hope we answered your question, brother.
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I just want to say though, I thought fill a nice chemistry
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was All-Star, but you guys. Holy crap.
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You guys are finishing, each others.
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Jokes and comments. And that that that was awesome.
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That's something like 20K for like 12 years better.
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Be able to finish a few sentences.
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It's a pleasure to see because you're not used to it, you're
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not used to seeing this, you're used to, you know, it's
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strangers, interacting with each other.
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So the dynamic isn't there, you know, and then I sit with you
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guys immediate. I'm like damn, these guys are
11:50
Pros. So yeah we're married or
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something hahaha. Yeah, maybe maybe that's good.
11:55
Like I get packages in the mail and I'm like, what are all these
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like fire Ruth bags and you're like, what are you doing babe?
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I'm like okay if you don't giant fireproof bags, I'm like Faraday
12:13
bag knives and weapons throughout your entire house and
12:19
that is probably the best thing you can do to prevent against
12:22
the five dollar wrench attack. Yes.
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Most realistically the biggest attack Vector, that's what I
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worry about. Like the five dollar budget act
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like As a, he's an all-woman to more likely situation then
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somebody finding a way to break through your like they're not
12:36
going to crack your Hardware wallet.
12:37
Yeah. Somehow crack a cloud-based you
12:41
know hot wallet maybe but they will not crack anything.
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If you got a gun pointed at, you know, II, completely agree, and
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I think that, that really, because that really emphasizes
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something that I think that a lot of people getting into the
12:55
space, get absolutely wrong, which is like, oh, someone's
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going to pack my stuff? No, no.
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What they're going to do is I'm going to show up which is why
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it's called the five dollar wrench attack.
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They're going to show up to your house.
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If they know where you live, they're going to come up with
13:06
the five dollar wrenches and put it over your head and say, hey
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give me your crypto, so there's many ways to protect it.
13:12
Look, there's no perfect solution.
13:13
There is what the crypto couple was suggesting, which is
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basically, you know, fi, you know, load up, I live in a red
13:20
state. So that's something I do
13:21
personally myself, you could also however, take advantage of
13:25
multisig and you can geographically separate your
13:29
seeds. He's so even if an attacker does
13:31
get you, you could literally look at him and says, bro, I
13:35
can't even give it to you if I wanted to because I have to
13:37
drive to another location to completely sign that
13:41
transaction. So it's ready to broadcast.
13:42
So there's many winning different ways to get into this,
13:46
you're just at the beginning of the rabbit hole but Bob, we hope
13:49
you answered your question. Anyways, fill with Bob go Bob.
13:53
Phil, it's time for the daily fail.
13:55
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The link is down below ammo. Smart ways.
14:08
That sounds. Alright, everyone got some
14:12
pretty bad fails. Today we're going to dive right
14:15
into it. Here we go.
14:16
This is the first one. This is a tweet from Snoop Dogg.
14:19
Now personally being a child of the 80s and having grown up, you
14:23
know, in the perfect time to hear when doggystyle came out
14:28
when dr. Dre's, The Chronic came.
14:29
Out. This this is very this is very
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sad. This is very sad, not
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surprising, not surprising, but sad, let's let's, let's listen
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here to what Snoop had to say. Right now, the number one, two,
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three spot belongs for Snoop Dogg the nft community.
14:55
I appreciate y'all. I love y'all.
14:57
Thank y'all for support. Okay?
14:58
Okay, that's enough of that for now.
15:01
So look. We always, you know, we always
15:04
say this about the shit coiners. The problem with Bitcoin is that
15:07
they can't make it about them, right?
15:09
They have to actually contribute to bitcoin, they have to provide
15:11
value. They have to figure out how to
15:13
properly create something that other people are actually going
15:17
to want to use or be a part of or interact with, and it's not
15:22
even theirs entirely Bitcoin is everyone's.
15:26
But when it comes to the shit coining, it's all theirs.
15:28
And look, as much as I love Snoop Dogg, this is a fucking
15:31
fail. For I move on to the the next
15:34
one because it does get. It does get hotter, right?
15:36
The next one's going to be pretty next.
15:38
One's going to be pretty hyperbolic.
15:39
Does anybody have any comments on?
15:41
Yeah, look real quick. Dude, how much are they paying
15:45
him? How much are they playing Snoop?
15:47
That's the only reason he's interested in this.
15:50
You know, that's the only reason that the celebrities are
15:52
interested in this. We've shown you examples of like
15:54
Solana Labs, reaching out to me personally.
15:56
Hey, would you like b v to be a? So it's like that's the scam,
16:00
right? They get high profile people,
16:02
they get in. Influencers.
16:03
They pay them under the table to promote these n FTS and to make
16:07
you think that they're buying, it just like the rest of just
16:10
like the rest of us. But in reality, they're, they're
16:13
yeah, they're getting. They're getting a little shekels
16:16
under the table. I'll just say that, right?
16:18
So anyways, Carla, what are your thoughts on this?
16:22
Well, it's funny because the other day, like I got a DM and
16:26
like, I'll just turn to Walker because we have like separate
16:28
dust and I'm like, I just like got an offer to be like, in a
16:33
Documentary about like Snoop Dogg.
16:35
And if T's like what like a good look at him just like we still
16:40
have day jobs, right? So I look around like, what?
16:43
But I'm like this is like when people clearly don't look at any
16:46
of the stuff we do because they would know that we don't do
16:49
anything like that. So it's just like, if you're not
16:51
gonna do the research, I mean, here's the thing for me it's
16:54
like I am all about artists especially up.
16:58
Yeah, I mean ones, screw labels fairly for the amazing fucking
17:02
work. Yeah.
17:03
Labels are getting screwed over by these labels to every song
17:09
Going Back, 100 years until that cut offense.
17:11
Works like a statue limitations up and now you can use it right
17:14
spray. So like 1921 music I'm coming at
17:17
you. Ha, ha.
17:18
Ha ha ha. It's true.
17:20
But it's just a new money Steven.
17:22
There is absolutely, but I don't think that the solution is
17:30
solving it yet really Yeah. Like there is the potential for
17:36
it, but this current implementation of what people
17:39
deem as a solution is not necessarily doing it.
17:42
Now, there are also artists who are talking about how these
17:45
things are being beneficial to them right now.
17:46
And I'm very glad for that. But what is like the long-term
17:50
sustainability of this and how much damage are you potentially
17:53
doing, two technologies that could be useful in the future,
17:56
by the way that you are promoting them now, like, we all
17:59
agree that artists should be paid more than labels shouldn't
18:02
have these massive Massive amount and not just you know,
18:04
musical artist but you fucking art artists to like today them
18:09
to get paid more to play Devil's Advocate though.
18:11
Like the celebrity element that is coming into it, which is
18:13
Snoop, which is Paris Hilton, which is whoever you want to be.
18:17
You have people coming up to us, asking us about an EFT.
18:21
He's like we have friends and then we start to talk to me
18:23
about Bitcoin like will sort of guide them once they come up to
18:26
us because we're not trying to be like some Jehovah's
18:28
Witnesses. Right.
18:29
We're not going up to all of our friends being like, this is what
18:31
you should do just most, but if someone comes up to us being
18:34
like, Oh, I heard about this, I have tea or like, I want to buy
18:36
the sine of T. We're gonna be like, well let me
18:37
tell you about Bitcoin. Yeah.
18:39
So I think the celebrity element is actually at least priming a
18:42
really large group of people that is going to be really
18:44
important going forward. That's the thing.
18:46
Like Remember when like, you know, week Witherspoon, you
18:50
know, came out and was like, think what came out and you have
18:54
started putting stuff out there lover.
18:56
Think she's fantastic but found it very telling like this was
18:59
the entry point that she found into the industry, right?
19:02
This is where she found her little Nexus.
19:05
Little local doesn't want to capitalize on it.
19:07
Yeah, actually. So right people love money.
19:10
This is not not new like money is like glitter in the Bedrock
19:14
of everything we do. It's how we measure our time and
19:15
energy but it's it's interesting that this is the place that a
19:19
lot of celebrities are coming in.
19:21
You know, it's not interesting and obviously a lot of athletes
19:25
coming in on the Bitcoin side first, which I think is very
19:27
interesting because athletes that's proof of work, right?
19:31
And you're an athlete. That is proof of work.
19:33
You did it innately? You have to work for everything
19:35
you have right now. Yeah.
19:37
Yeah. I agree.
19:38
It look, I definitely think that it was, you know, with all the
19:41
the road to hell is paved with good intentions, right?
19:44
But it's clearly been completely Taken over by these VCS by these
19:50
companies that are using celebrity endorsements to pump
19:53
these digital Deanie babies, but they're not really, you know,
19:58
scarce because you could make an exact photocopy of them, and I
20:02
just think they're taking advantage of people.
20:04
But anyways, ch3, round, we are libertarian bitcoiners after
20:09
all. So, if you want to buy some
20:11
thing that I can make an exact photo copy of paying a command R
20:16
then, So be it, no command-c. I think it is.
20:19
Anyway, so what's the next fail? All right, so let's get a little
20:22
hyperbolic here, get ready, get ready.
20:27
All right, so, oh Jesus, yeah, that's right.
20:30
We're going there, right? The The Man Who Shall Not Be
20:33
Named anyways, so this is interesting as I was doing, you
20:36
know, research for This Time Magazine cover.
20:39
I didn't realize. A lot of people think that it's
20:40
the cover with him on it, but really, this was the Time
20:45
Magazine cover back on. February 2nd, 1939.
20:49
And if you take a look at this, this is actually pretty creepy
20:53
Oregon. The yeah.
20:55
It's from, it's called from the Unholy organist.
20:57
A Hime, A Hymn of hate. Okay.
21:01
And this isn't actually the fail.
21:02
This is just the illustrate some of the complete cluster Fox that
21:07
have been on the cover of Time Magazine.
21:10
And we're going to, we're going to move on here.
21:12
We're going to take a look. We've got, you know we've got
21:14
this of Stalin as well 1943 another A great pick okay by
21:19
Time Magazine but wizard but wait 2022, move over.
21:25
We've got vitalic. That's right, we've got the
21:29
prince of shit coins has concerns.
21:33
Oh my pretty much should clan castle May tumble.
21:36
Anyways, etherium creator, of italic butyrin fights to fix the
21:40
world he created. So this is, this is really
21:44
interesting, okay, before we before we move onto the Fail and
21:48
just want to give everybody a chance to Riff on this, but, you
21:51
know, Nico and I were talking about this before the fail and
21:56
you know, they can't put Satoshi on the cover, right?
21:59
They can't put the even though even though it probably should
22:02
just be, like a question mark with, like, a faded Bitcoin logo
22:05
or something like that, you know, I don't know, you know,
22:07
really, they can't put him on the cover.
22:09
But what they can do is put this Affinity scammer on the cover
22:14
and by doing this, okay, by doing this It validates this pre
22:19
mind centralized garbage to the world and says, hey, this is
22:26
just like Bitcoin but it's a little bit different.
22:30
This is nothing like Bitcoin. This is complete garbage.
22:32
We've already shown you this after the 2016 Deo hack this
22:36
thing. This thing failed already, it's
22:38
already failed. It's already a piece of garbage.
22:40
We show you guys, the wrecked leaderboard and all of the what
22:43
is it now over a billion dollars lost in Defy protocols, with all
22:48
these stupid liquidity pools. So look, this is just nonsense.
22:52
And you know what? This is just another this is
22:54
another another time where times got it wrong.
22:59
Yeah dude look just real quick, The Innovation with Bitcoin.
23:05
Right? Is in this goes back to the
23:08
Bretton Woods thing, right? Is that as long as human beings
23:12
are able to manipulate the monetary policy, it will
23:15
inevitably get corrupted It right.
23:17
We started in you know with the gold standard the Bretton Woods
23:21
agreement over time, that started to degrade the 1971
23:25
right. Took us off completely off the
23:27
gold standard. Now we've just been Fiat, right?
23:30
And that has happened throughout history.
23:32
Many many times back in the Roman Republic, the Roman
23:36
Empire. The money started with 85-90
23:39
percent silver, towards the end of the Empire, had .00, some
23:43
fractional amount, right? So why am I bringing this up?
23:47
Because if we don't separate the monetary policy away from
23:51
humans, even with the best intentions, it will be
23:54
corrupted. Why?
23:55
Because absolute power corrupts. Absolutely.
23:58
So, while X is focusing on the man, you know, the man to fix
24:02
Germany, the man to fix Russia the man to fix money, right?
24:07
The man is the problem. You need to take it away from of
24:11
the equation completely and only Bitcoin does that.
24:15
Anyways. Walker.
24:17
What are your thoughts? I mean first of all, that was
24:21
poetic and beautiful, like, right?
24:23
The man is the problem. I think it's interesting.
24:28
Obviously time as a funny history of putting up very
24:33
intriguing covers and I get that they're trying to cast cultural
24:38
commentary or perhaps I'm being very forgiving here on the You
24:45
know, I also like metallic himself, I don't think he's so
24:49
evil guy, I think he's just a nerd fucking nerd and he's very
24:54
young, still like this kid was working on bitcoin and then
24:58
aetherium like a long time ago. So he's been around for a while.
25:02
I do however, think that a lot of the people that surround him.
25:06
Yeah, are not quite so, purely nerdy and have very very
25:13
different profit. The metallic.
25:14
I don't think that guy probably really cares about being rich
25:17
because he's already insanely wealthy, right?
25:20
Like and clearly he's not like spending that money on normal
25:24
people, things, I don't know what he's spending it on or if
25:27
he's spending it, but like there are also obviously a very let's
25:32
say, well connected group of people around him, those
25:34
tentacles stretch to all the corners in the world that have a
25:39
vested interest in seeing this Theory.
25:42
Mm experiments. Seed and their motivations, I
25:46
would say are slightly more nefarious and statist if I may
25:51
add and this is something like whatever we do comedy.
25:54
So, like I think it is a little funny that time put like a
25:58
Russian on the cover right now. Yeah, that's true.
26:03
It's true. Been going on in the world and
26:15
Ward and everything. It's like Time cover.
26:16
Here is a Russian vitalik. Ha, ha ha ha ha.
26:20
No. And what if they swap change?
26:24
Remember though? He went against the he agreed
26:27
with the narrative. So he's an OK Russian.
26:30
He's an OK Russian. He's a palatable.
26:32
Russian will allow him for now until he doesn't say the right
26:35
thing. He's allowed to use money.
26:37
The other Russians on the other hand.
26:39
No no no. They're not allowed there.
26:40
Not not the whole country at no no 100 million.
26:43
People that it's okay. Anyways Phil, what is the last
26:47
fail? All right, let's wrap it up.
26:49
Here we go rights right on the heels of showing you and by the
26:52
way, I just wanted to mention that I did go and check it is a
26:56
proper Link at times.com where you can see that, that article
27:00
covers. So it is legit.
27:01
It's not a troll, somebody thought it was just a meme.
27:04
Anyways, on the heels of this, on the heels of this.
27:07
Here we go. Talking about, rug pulls and
27:08
scams unlucky. Agave and 100 Finance, defy,
27:11
protocols exploited for Million dollars.
27:15
Shout out to Lucky. Red fish for tagging Us in this.
27:18
That's right, we're all very surprised.
27:20
Once again, the attack comes within 24 hours of the news,
27:24
breaking of the deuce Finance exploit that's right.
27:27
That was a couple of days ago, right, 3, million dollars in the
27:29
in the deuce Finance, experts. It very, very interesting name
27:33
that they called themselves Deuce.
27:35
Anyways. Alright.
27:36
So the attacker ran, the exploit continually borrowing against
27:39
the same collateral. They were posting until the
27:41
funds were drained from the protocol.
27:43
My gosh. They drained the liquidity pool.
27:47
This is just this is never happened.
27:49
We've never seen this anyways. She can cold told coin Telegraph
27:53
the similarity to a v meant. It seems top-tier safe but
27:57
wasn't and that Bray and that break of trust hurts.
28:02
It's like you can't even trust safe code.
28:06
This code was never safe. I mean that's that's that's the
28:09
problem though that you have to trust.
28:12
That's the thing that Bitcoin Is and then these people just like,
28:17
anyways, Niko, it's like, looks like they're like this
28:20
improvised explosive. Device blew up before it was
28:23
supposed to ha. Ha ha.
28:26
Exactly. Walker 8.
28:28
I mean, it's on the user, right? Javi was used in an unsafe way.
28:33
Hmm. So so, you know, it's on me.
28:36
What was that user wearing? It's so sad.
28:44
That's totally PC that joke I just met.
28:46
Justin firefighter, I liked it. Okay, so here we go.
28:49
So to wrap it up she could also didn't point the blame at gnosis
28:53
for creating tokens with a callback function that the
28:56
hacker exploited saying that the feature stops users from
29:00
accidentally losing their crypto.
29:03
So so I want people to think about this.
29:05
Just I want you to think about this for a second.
29:08
They made a feature to stop people from accidentally losing
29:12
their crypto and the Feature was exploited to steal 11 million
29:18
dollars and people lost their grip.
29:20
I don't even know. What do you say to that?
29:24
That makes it's not a bug. It's a feature.
29:26
Hey, I just have one thing to say you guys have heard me this
29:35
doesn't happen Bitcoin. Just stick to bitcoin fix a
29:38
Bitcoin stick to bitcoin the unicorns and the fucking.
29:42
What is this Agave? Or whatever.
29:44
They just just gonna get rekt. Anyways, guys, you have some
29:47
final thoughts before we move on to the next segment.
29:52
I was, I'm just going to agree with you when you say stick to
29:54
bitcoin because like I have like a lot of different interests.
29:58
But, you know, in a some ways, I'm just a lazy girl.
30:00
So, when it comes to, like Ultra coins, whatever it is, like, I
30:02
don't have the brain space. I don't want to like with
30:05
Bitcoin, like that's all I learned.
30:06
That's all I do. That's all I buy.
30:08
I said it, forget it. And that's it because I'm lazy.
30:10
So like, if you're lazy, just in Bitcoin, don't worry about the
30:13
other shit. Yeah, that's true.
30:15
Get your purse and you still come out on top.
30:17
I'm sorry, exactly. It's like, you have this like
30:21
this. Really unique, cheat code.
30:25
All you have to do is I press one button Rose doubt.
30:28
It's not, like, up down up down a bab, it's like just one button
30:32
and it just the Bitcoin button, right?
30:34
That's all you do is you just press that button and because
30:38
most of the world still hasn't wised up to it, this is a cheat
30:41
code right now. Yep, it is.
30:43
But you still need the stomach for it and that is something
30:45
that, you know, we all have been through.
30:48
But obviously people who haven't been to yet, it is still scary.
30:52
So Maybe there's something about, like, nursing those times
30:54
that will help people. You, you have to, we call as you
30:58
have to pay the price of tuition.
31:00
And this definitely the first year, second year that you're
31:03
getting into the space sucks. Usually what we recommend on the
31:07
show, what we say on the show, really takes about three to four
31:09
years. To start feeling the benefits
31:12
where your look at your portfolio and you're like, holy
31:14
crap, I didn't even know that was possible, right?
31:17
So yeah, you know, long time preference or you know, you
31:21
could try to gamble and yeah, rug pull, you know, those are
31:24
your options. But anyways, Phil it's time for
31:26
the daily meme review brought to you by Citadel 21.
31:30
It's the best Bitcoin cultural scene, it's stories, articles
31:34
Comics, by actual bitcoiners. This is volume 10.
31:37
This is the artwork. Every volume as different
31:39
artwork and their scarce. There's only 1000 physical
31:43
copies made per volume. So get your print of Citadel 21
31:48
today before they run out. All right, first being brought
31:50
To Us by a Having Stein. All right, check it out, Silicon
31:54
Valley, literally anything a problem that could only be
31:57
solved by creating a really in this is surveillance hellscape.
32:00
It's so true. It's so true.
32:02
Alright, moving on, to the next one.
32:04
All right, this by saying Bitcoin, sometimes guys, we
32:07
review pictures that serve as means.
32:09
But anyways, check it out, left March 5th 2022, right?
32:14
And the price of those water bottles were 339.
32:19
And then a couple months later, 390, Nine.
32:22
Holy crap. But remember the inflation rate
32:25
is only seven point nine percent and this is water.
32:31
This is water more than anything else.
32:34
I do Walker you sound like an ALT right extremists to be
32:37
honest with. I'm sure a radical thought
32:42
extreme you year could. You're clearly you've been
32:44
watching Alex Jones? Okay?
32:45
Anyways, because spouting about Freedom like this dangerous does
32:51
he bite? Nobody can hurt you.
32:53
In other ways, Republicans have never actually decrease the size
32:57
of the government. Ha ha ha!
33:00
It's so true. Amen, to that.
33:04
Amen to that. All right, okay, God damn it.
33:07
Phil, okay, Jay, yes, that's right.
33:09
Goodbye by this by ghosts of Stony.
33:11
What's miners, really getting into ArmaLite?
33:13
Rifle game? Check out the a rm20, can't wait
33:16
to take this bad boy to the range and run, some hash and I
33:19
think he's making the guy. That came, you know, he makes
33:23
his paper that that war is being replaced by a sick, Miners and
33:27
plebs are making fun of it and filled makes me review these
33:31
memes. But anyways, a look at the
33:33
action drama at the end of the day.
33:35
It's amazing not gonna lie. That is pretty fucking funny.
33:38
Okay. Moving on even though I do like
33:40
some of his work. Okay so but you still could find
33:44
it funny questioning that. Anyways next one by the anti
33:49
woke podcast pal. We're on track to raise rates
33:51
seven. Times in 2022.
33:53
Same energy 15 days to swim. It's true.
33:57
It's true. All right.
33:57
Next one is by Wall Street, Silver live view of the flood
34:03
fighting inflation with 8.25% if and that's a fucking Wildfire.
34:09
All right, last but not least, the legendary video.
34:12
What put these guys on the radar?
34:15
We are about to watch it. Let's check it out.
34:17
Move over Bitcoin, it's Gold's time to shine.
34:22
Ali harmful to mine difficult to store and even harder to divide.
34:26
Rich decadent gold is the best money governments can confiscate
34:31
and Banks can manipulate thick toxic streaks of mercury and
34:36
silky cyanide pollute and caress ecosystems and developing
34:40
countries. But gold is worth the massive
34:43
human and ecological toll because you can touch it.
34:47
If you can touch it, it has value science.
34:51
That's Bitcoin has no intrinsic value Bitcoin.
34:55
Only offers a secure Global trustless monetary
34:58
infrastructure to anyone anywhere with an internet
35:01
connection, but owning gold makes you special.
35:05
So let's go back to the gold standard and the typewriter and
35:10
the horse-drawn carriage because who wants the future of money,
35:14
when you can own a piece of the past, because you're old, Okay,
35:22
amazing amazing. Top quality, top quality stuff,
35:27
amazing amazing memes. And awesome mean video.
35:31
I hope that music wasn't copyrighted because that we're
35:34
fucked. No, no, I use Creative Commons.
35:38
Okay. Okay.
35:42
It's all good. Awesome, awesome.
35:44
Yeah, dude, awesome memes. And for those awesome memes
35:47
because you said confiscate oval, I'm going to give it an
35:50
uncompensated. Skateable goodie bag thing.
35:53
This is the ballet actual physical barrier, bonds,
35:58
whatever. Anyways, you got these with the
36:00
goody bags. Focus, focus, focus, there we
36:03
go. You guys Phil, what would you
36:05
give those memes? Alright.
36:07
Awesome memes. I love love the video.
36:10
And actually, the part where, right at the beginning, where do
36:12
you see the gold kind of it? Actually even makes you think
36:15
you can drink it, I'm just saying.
36:17
It reminds me of maple syrup. Doesn't surprise me doesn't
36:20
surprise anyone, okay? I'm giving it a very special
36:22
score. It's a very unique Niche sticker
36:26
made off of a very popular podcasters comments about the
36:30
toxic bitcoiners. It is a nerd Castle sticker.
36:35
That's all right. To Canto clothes prints.
36:37
Those yep. Very good.
36:40
Shout out to crypto cloaks anyways.
36:42
Carlin Walker. What would you give those memes?
36:49
A wiener incredible. Amazing, amazing scores.
37:07
I thought I pulled out the big guns but we got a burrito, a
37:11
burrito, a wiener. I'm on a burrito and a wiener
37:14
and a sticker. Wow man, we got a wiener.
37:17
Same thing. We gotta played by the crypto
37:22
couple anyways, guys, we want to know if you agree with their
37:24
scores, you disagree. Let us know down in the comment
37:26
section and make sure to subscribe to us on alternative
37:29
video platforms like Rumble.com and our personal favorite
37:33
Bitcoin TV. Calm down sensor.
37:34
There is Bitcoin TV because his Bitcoin TV, and of course, make
37:39
sure to join our telegram group link has some dank dank Bitcoin
37:41
memes to review. But anyways, Phil, it's time for
37:44
the Daily News brought to you by crypto.
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you can take advantage of the link down below for 5% off
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crypto cloaks.com. All right, ladies and gentlemen,
38:20
boys and girls I told you we are in the then they fight you sage
38:25
and we correctly predicted that they were going to use the
38:30
Russia narrative to try to attack Bitcoin and That's
38:34
exactly what the f they did. Anyways, I'm going to shut up.
38:38
Let's play this video by the our favorite Bitcoin.
38:42
Enemy Elizabeth Warren. Let's see what she has to say.
38:47
And then, we will methodically debunk It Anyways, mr.
38:52
Levin, let's consider one of Putin's cronies who already has
38:55
a billion or so in crypto that he wants to hide from the
38:59
government's that are enforcing sanctions on oligarchs.
39:03
Now can this Oleg Arc make it harder to trace his money if he
39:08
hops from one blockchain to another if he deposits those
39:13
tokens into a couple of wallets that don't require him to
39:16
provide identifying information and if he uses a mixing service
39:21
that launders his money with other people's money, thank you
39:25
Senator. So the scenario that you
39:28
described where only God has a billion dollars to be able to
39:33
launder Wires significant amounts of liquidity, to be able
39:37
to obvious Kate that amount of money through the use of
39:40
cryptocurrency. In fact, there are many times
39:43
we've been able to identify, I'm sorry, let me just remind you
39:46
what my question was, again, what I'm asking is about the
39:50
tools that are available now, you may have to break it up into
39:53
multiple pieces of who knows hundred million dollars at a
39:57
crack. But the question I'm asking is
40:00
does hopping from one blockchain to another does depositing
40:03
Tokens in a couple of wallets that don't require them to
40:06
provide identifying information and that's using a mixer because
40:09
I was only easier for him to hide his money.
40:13
So something that question is, no, because the chain hopping
40:18
that occurs, you need to actually provide the tokens,
40:23
which in a transparent way that allows you to move across
40:25
blockchains. We've actually got software that
40:27
allows you to screen happy. Makes it any easier to hide your
40:30
money. How about depositing tokens in
40:32
wallets? The don't require, I She needs
40:34
this. You can always split the money
40:36
up into Wallace. That don't require would help
40:38
hide the money. And how about using them?
40:40
Those that doesn't remove the record of, where the money
40:44
actually set the closer house. This game is, does it make it
40:47
harder to track the money? No, so it doesn't make it hard,
40:49
it's and money because there is things service you're telling
40:52
me, does it make it harder to launder money?
40:54
The daily liquidity value of mixing Services globally as
40:58
about 30 million dollars. And so, therefore it would be
41:03
And we have done extensive work in tracking large sums of money
41:07
through mixers that have led to the arrests of wellbore and the
41:11
disruption of their activity. Know, I'm actually surprised by
41:14
your answers since you charge a lot of money to untangle and
41:17
track assets through the system. And the system keeps developing
41:22
more ways to obscure that money and that's part of what you
41:24
advertise. Okay?
41:27
So she thought she had a home run because she had the CEO of
41:31
chain analysis, which by the way, we're not fans of Because
41:34
they make their money, analyzing the chain, analyzing the Bitcoin
41:38
blockchain. And what she's trying to do,
41:41
which is what we predicted, by the way, two weeks ago is you
41:45
hear that if your wallet isn't tied to your identity that
41:51
potentially could fund Russia. These mixing services are
41:56
dangerous because but wait a second.
41:59
And when he started answering the way, that didn't fit her
42:02
narrative, Anyways, let's deep, let's dig a little bit deeper
42:09
into the bill, but before I want to do that, you guys know that
42:12
they'll deal. We are single-issue voters on
42:15
this show, we will support any candidate where their Democratic
42:19
Republic Ali as long as they stand with the ethos of Bitcoin
42:23
and they support Bitcoin. So I'm going to name and these
42:26
Senators by name so that you guys remember them.
42:31
Because these are the people that are actively attacking self
42:34
custody. So First Miss Warren, mr.
42:37
Reed mr. Warner, mr.
42:38
Tester. Mister missus Duckworth
42:41
misstated now miss Wort mr. Warnock mr.
42:44
Van Hollen mrs. Smith.
42:46
Mrs. Cortez Mastro and mr. Menendez.
42:50
All of those representatives are a currently supporting an attack
42:54
on bitcoin. So let's debunk this shall we?
42:59
This is a this is a post by coin Center.
43:03
It says Senator Warren. And a raft.
43:05
Of democratic co-sponsors today. Introduced a bill, which will
43:09
put down the link description guys.
43:10
Titled the digital asset sanctions compliance and
43:12
enforcement action which would Place sleeping restrictions on
43:16
cryptocurrency ecosystem under the guise of bolstering
43:19
sanctions against Russia for its unjustified invasion of Ukraine.
43:23
She has done this despite the fact that there is no data
43:27
suggesting that cryptocurrency has been used or can mean if
43:30
meaningfully be used by sanctioned parties to evade
43:33
sanctions despite the fact that Outline officials from the White
43:37
House Treasury and the Department of Justice have all
43:41
stated that cryptocurrency is a poor tool for sanction of Asian
43:46
and one they have well under control.
43:48
Let's go through those statements by other members of
43:52
government. This is FBI director,
43:55
Christopher way Ray. The Russians ability to
43:57
circumvent. The sanctions with
43:59
cryptocurrency is probably highly overestimated on the part
44:03
of maybe them and others, we We are as a community and with our
44:06
partners overseas far more effective on that than I think.
44:10
Sometimes they appreciate we have built up, significant
44:13
expertise both at the FBI and with some of our partners and
44:17
there have been some very significant seizures other
44:20
efforts that I think have exposed the vulnerability of
44:23
cryptocurrency as a way to get around sanctions from the White
44:26
House. The scale that the Russian state
44:28
would need to successfully circumvent all us and partner
44:31
Financial sanctions would almost certainly render cryptocurrency
44:35
as Ineffective primary tool for the state.
44:38
All right. Next one from treasury, the
44:40
scale of what they have to move and where they have to move
44:44
things from not crypto, not necessarily going to be.
44:48
That concerning said Todd conqueror.
44:50
Counselor to the deputy treasury secretary, any attempt to move
44:54
that much money through exchanges which contributed to a
44:56
bit more of a spike in the crypto Market and my view then
45:01
has been observed lately. Nonetheless the bill would place
45:05
Sweeping restrictions on persons who build operate and use
45:09
cryptocurrency networks. Even if they have no knowledge
45:12
or intent to help anyone evade sanctions, he calls for
45:17
sanctioning technologists, and users, merely for the act of
45:20
publishing open source, software facilitating, communication
45:24
among Network. Participants, this is
45:27
unnecessary overboard and unconstitutional.
45:30
But wait, there's more check this out.
45:32
This is from the actual treasury themselves.
45:35
The use of virtual assets for money, laundering remains far
45:37
below that of fiat, currency and more traditional methods.
45:42
Terrorists, use a virtual assets appears to remain limited when
45:46
compared to other Financial products and services.
45:49
There is no evidence that a proliferation network has used a
45:53
virtual asset to procure, a specific per proliferation
45:58
sensitive good or technology. So this this video, this attempt
46:05
this fucking bill is an attempt to kill Bitcoin to go.
46:11
After developers to kill the anonymity of Bitcoin.
46:16
To use Ted Cruz's own words because Elizabeth Warren can't
46:19
control it by the way. That is also why China?
46:25
Recently, banned Bitcoin. Because they can't control it
46:31
which is the exact same reason, Elizabeth Warren hates Bitcoin.
46:38
The Chinese Communists and Elizabeth war and they both want
46:41
to control you, your assets, your savings, your speech, your
46:46
life, your children, every decision they want to control.
46:50
And so we need to break up. The means of controlling.
46:54
The citizenry says nothing to do with evading sanctions because
46:58
Elizabeth, Warren knows all of this.
47:01
She knows all of those statements.
47:02
She's not dumb. But she's taking advantage of
47:06
the situation in Russia. To try to play on people's
47:11
emotions to pass something that is helping millions and millions
47:16
and millions. If not billions of people around
47:18
the world, own private property without the fear of confiscation
47:23
or debasement for the first time in human history and Elizabeth
47:27
Warren is against that. Elizabeth Warren is anti-human.
47:32
That's what she is. And she hurt.
47:35
She said, multiple times in that video she was Being self
47:39
custody, she wants self custody be to be tied to an ID.
47:43
Why? Because they can control that
47:46
anyways. Moving on, before I shut up, I
47:48
know it has been a long segment but this is very fucking
47:51
important. This is implications of
47:53
outlawing Bitcoin by Gigi and what are those implications and
47:58
right and mind you this was really this was written in 2001,
48:02
right? And light of recent comments by
48:04
legislators and politicians, we must not forget what Bitcoin
48:07
does and how it does it. It does what it does.
48:10
Bitcoin is text Bitcoin is speech.
48:12
Bitcoin is math Bitcoin has no jurisdiction just like two plus
48:17
two equals. No George has no jurisdiction.
48:19
Bitcoin knows. No borders.
48:20
Bitcoin is everywhere and nowhere and if using secure
48:23
properly Bitcoin is as confiscated balazs a thought, no
48:26
amount of legalese and otherwise complicated language will change
48:30
these facts using Bitcoin does not require any special
48:33
equipment. We use software, specialized
48:35
Hardware, to use Bitcoin more efficiently and in a more secure
48:38
manner. But in Theory, Bitcoin could be
48:40
run on paper, the following statements are and will always
48:43
be true. You can create a private Key by
48:45
flipping a coin, holding a private key allows you to
48:47
receive SATs and create transactions, creating a
48:50
transaction as math. Sending a transaction is sending
48:53
a message. Mining Bitcoin is guessing a
48:55
number. Everything had Bitcoin is
48:57
information. A wallet is nothing special.
49:00
It could be it could be just some words in your head you
49:04
don't need to you don't need specialized equipment to
49:06
generate secure wallet a coin or some die.
49:08
This is all you need. If you want to Outlaw an animus
49:12
Wallace, which is what Elizabeth Warren was referring to, he will
49:15
have to Outlaw this activity, along with all other activities,
49:18
to create random numbers, rolling dice, drawing cards,
49:21
measuring Optical and Atmospheric turbulence has.
49:25
And so on, remember remember this information the this
49:29
256-bit number is all you need to interact with the Bitcoin
49:33
Network. You do not need an ID or
49:36
passport or utility bill or proof of See, you do not need to
49:40
be human. If you are in control of a
49:42
Bitcoin private key, you can send and receive transactions.
49:45
If you want to understand Bitcoin, you will have to
49:47
understand that. A wallet can be created,
49:49
flipping a coin, 256 times, you can't ban Bitcoin because it's
49:55
speech. And what is the First Amendment
49:57
of the US for freedom of what speech?
50:00
Elizabeth Warren doesn't give a shit about that.
50:02
And I think, I think hot in this is the last thing I'm going to
50:05
read before I shut the fuck up, Hot or Not describes it
50:08
perfectly. Lee yryr, Elizabeth Warren
50:12
panties in a bunch Bitcoin, makes cheating and manipulation
50:15
and possible on the base incentive layer.
50:17
It is a cataclysmic event for politicians.
50:21
This is something like Ted Cruz said, which I play a clip of
50:24
tomorrow. When you guys see the video,
50:27
something that she cannot control and tyrants on.
50:30
Both sides are short circuiting at the fact that millions of
50:35
people could use money without their hands.
50:39
Getting our hands on that money, people could transact freely.
50:43
So the Democratic party, and again, we're a political on the
50:46
show is supposed to represent the underdog.
50:49
You know, who is most heard about inflation.
50:51
Elizabeth Warren, lower and lower middle class people that
50:55
don't have the wealth to save and assets and real estate.
50:59
So if you're against Bitcoin, you are directly attacking your
51:04
suppose voter base and you're directly attacking Millions upon
51:09
Millions around people around the world that they don't have
51:13
sister they don't have Legacy systems like Cuba like
51:15
Afghanistan like the Ukraine, they're receiving money from
51:18
overseas through their sit through your system, they can't
51:21
do that. So that's what your fucking
51:24
attacking Elizabeth warrant. You're an anti-human corrupt
51:28
psychopath. That's You are you have to be
51:31
called out for it. Anyways, I know there's a long
51:33
segment but I had to get it all on the table.
51:36
Phil, what are your thoughts on this?
51:38
I was on mute. It was beautifully done, man.
51:39
That was absolutely fantastic. I just want to point out
51:43
watching watching, Elizabeth Warren, not get her way during
51:47
that interview was, sorry. During that that questioning
51:52
period was absolutely fantastic. Okay?
51:55
Like that was amazing and you could see that she was
51:58
absolutely hating how He was responding which is why she kept
52:02
attempting to cut him off and dig deeper into the Nuance
52:07
because this is what happens. Okay?
52:08
This is what I've noticed by some of like the smartest people
52:11
that I've ever watched argue, okay?
52:14
What happens is that if they're point isn't actually right,
52:17
right, if they just want to be right, but what they're saying
52:20
isn't entirely accurate, they use the intelligence to lose you
52:24
in the Nuance because it's some point.
52:26
They're going to get you deep enough in the weeds that you
52:29
could. Me with something that they say
52:31
that somehow they're going to report back to what they started
52:34
with. So anyways, the other piece to
52:36
this is I don't understand how she reconciles, you know, being
52:42
somebody that talks about, you know, you know, community help
52:46
and Outreach and rights and all this stuff.
52:49
How you reconcile that with being completely against
52:52
personal freedom, like I don't see how she doesn't see that
52:57
because it's not a dude. That's the things it's never
53:01
been about sanctioning Russia that you know.
53:05
Sorry it was all laid out there. It's not being used for that.
53:09
This is an attempt to capitalize on a horrible crisis to try to
53:14
go after Bitcoin and I suspected this was exactly what was going
53:18
to happen. Phil remember when those
53:20
articles first started coming out and like a week or before
53:23
the Ukraine thing I'm like dude they're going to use this to try
53:26
to attack Bitcoin. Here's the attack.
53:30
Out of all people that the head of chain analysis was the one
53:33
that made her look like a complete fool.
53:36
Anyways, Carla, Carla and Walker.
53:39
What are your thoughts on this shabak?
53:41
Oh well on the one hand, I totally see how it's about
53:45
Bitcoin but I also see it as potentially just being about
53:50
personal freedom and privacy because I feel like the US
53:54
government will use any sort of attack and capitalize that on
53:58
that to remove our freedoms. Arliss of it, the evidence
54:00
against it, judging by how a lot of the procedures in travel, and
54:04
a lot of other things still are executed today.
54:07
So, Bitcoin is definitely large part of it, but I think like,
54:09
any thought of personal sovereignty has become so
54:12
threatening to the government, which is just so wrong because
54:14
they don't give us our rights by they're supposed to defend our
54:16
rights. So the fact that us, having some
54:20
having our freedoms is threatening to the point where
54:22
they will demonize Bitcoin, they will demonize anything that
54:25
helps people is really, really concerning and I that's We do
54:29
what we do is because we're trying to through humor to get
54:32
people to just ask the right questions to realize these
54:34
things because it is obvious that is staring you in the face
54:37
but people aren't necessarily listening to the voices that are
54:41
saying it because it's boring. So we're gonna try to make a
54:43
little fun. Am I allowed to swear in here
54:45
Caillou absolutely our politicians don't give a flying
54:49
motherfuck about sanctions about money laundering or any of this.
54:54
If they did every major Bank in the world would be shut down and
54:58
leave in. When T1 alone, what 15 billion
55:02
dollars in fines was paid fifteen billion in fines was
55:07
paid, don't call me an exact number but it's close by the
55:10
major banks around the world for money, laundering, and
55:13
anti-terror young terrorist financing by the biggest banks
55:16
in the world, and she got hit with 15 billion in fines.
55:20
How much money do you think they longer?
55:22
You have to assume 10 times that at a minimum right?
55:25
In terms of the level of Levi of the fine?
55:28
The point is that the She's don't give a mother fuck about
55:32
what people are doing. It illegally.
55:33
They give a shit about controlling their citizens their
55:36
constituents. What do you do with your $600?
55:38
Yes, Elizabeth Warren. I think the strange thing is, I
55:42
agree with her on certain things.
55:43
I don't think she's wrong about everything.
55:45
She's not an idiot. She clearly knows what she's
55:47
talking about about many things. She's very, very vocal about not
55:51
wanting people to be trading stocks in Congress, right?
55:54
I support that too. Yeah, just buy Bitcoin and said
55:57
that's just a currency. That's all good.
55:59
Good. But she's very vocal about that.
56:02
She's been vocal about Bitcoin and crypto for a long time.
56:07
This is just her new attack Vector into this space.
56:10
This is the new shiny thing that came about where instead of, you
56:13
know, I mean, how long before Elizabeth Warren blames
56:16
inflation on bitcoin, like I'm saying have Weevil.
56:19
Yes I mean it's going to happen. I think you know it's coming and
56:24
again this is why we like to zoom out on this show.
56:26
We don't we're not a speculation show, right?
56:29
Is about the separation of money and state, right?
56:32
And I think Elizabeth Warren is one of those few politicians
56:36
that are understanding that her livelihood.
56:39
Her racket her ability to take advantage of the money.
56:43
Spicket is literally disappearing in front of her
56:47
eyes because people are choosing to use an alternative system,
56:51
right? So that is what, Isis, there's
56:54
no other conclusion, you can get to that.
56:56
Elizabeth Warren knows, the White House.
56:58
Doesn't agree that treachery the FBI, none of them doesn't
57:02
matter, but she still use that rhetoric to a try to attack it.
57:05
What is that, what is that? But but not being able to come
57:09
to terms with the fact that she can't control the way that
57:12
people use money. I think you are so spot-on with
57:16
that because what is this? Pushback that we see from the
57:18
status from the elites, it is a rejection of the fact that in
57:24
the current, okay? So for forever money will buy
57:28
Power. This is a fact.
57:30
It doesn't matter if it's Bitcoin or Fiat, money will
57:32
always buy Power. That's how it works.
57:35
Because money is time and energy put into a form that can be
57:37
traded, right? But Bitcoin for the first time
57:41
does not allow your power to buy you money.
57:45
In our current Fiat system proximity to power proximity to
57:50
power enables you to benefit from the monetary system that
57:55
exists. This is the problem may only
57:59
take again, nothing Bitcoin, nothing will ever change.
58:02
The fact that if you have a lot of money, you're going to be
58:05
powerful. That's just that.
58:06
That is a fact. You have the most amount of
58:09
resources that you can deploy in discretionary ways.
58:13
But but at least with Bitcoin, your proximity to power, no
58:17
longer buys you favor in a monetary set is and that is so
58:21
important. I think that Elizabeth Warren is
58:23
making a massive political Malaysian here.
58:27
I think it's I mean, it's the same as what China and I don't
58:29
think that support for it on. A China has made a mass like
58:32
miscalculations our side. The thing that may actually save
58:35
the u.s. from being completely fucking obliterated.
58:38
By China is the fact that China is so anti Bitcoin.
58:42
I've been, I think it's going to like really, really come in and
58:46
shape a new American Renaissance.
58:48
I really believe that I think that China thought that they
58:52
were going to, you know, have this, you know, they, they they,
58:56
they the First time they showed off their scent, their CBD, sea
58:59
to the West Was during the Olympics that wasn't a
59:01
coincidence, right? So like, yeah, I agree, but I
59:06
think that, you know, and I've always said this and people lot
59:09
smarter than me in Bitcoin have said, this as well as that
59:11
Bitcoins unintended feature is exposing tyrants, right.
59:15
And I think that, you know, the Chinese Communist party has
59:18
their way Elizabeth Warren. Yeah, I can't come to any
59:22
conclusion. I can't come to.
59:23
Another conclusion of the fact that she can't stand And the
59:26
fact that she can't control this, right?
59:28
So but anyways, Phil there was an open source software released
59:31
today. Why do you tell everybody about
59:33
it software releases? Brought to you by Cipher safe?
59:36
Check them out. Cipher safe dot IO, it's the
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Both come with tamper-resistant wire and the cipher grid comes
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with a punch tool. All right, we've got electrum
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version. 2.0 that was released its Down Below in the show
59:59
notes, guys, don't forget to check us out.
1:00:02
On our Audio. Only platforms Apple, podcasts
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Spotify, and anchor, and if you want to stream us SATs, check us
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out on anchor FM. Awesome.
1:00:12
Sorry on Fountain dot f m--. Awesome.
1:00:16
Thank you so. All right guys, before we go I'm
1:00:18
going to give a very special shout-out to our thread sponsor
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rep heart.com, Phil and I wear the hoodies everyday and you can
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Of course, if you want to continue hearing the Bitcoin,
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episode to quote our awesome guests Bitcoin doesn't allow us
1:01:08
to buy money with power.