Latest / Simply Bitcoin / Wallstreet Can’t Resist Bitcoin’s Incentives | EP 478
Transcript
- 0:04Welcome back, everyone. It is the weekend recap, and we
- 0:07are simply Bitcoin. We break down the news.
- 0:09The daily fail me review, software releases Hardware
- 0:13releases and the pleb sites joining us today.
- 0:17Once again is the co-host of Bitcoin kindergarten and our new
- 0:24clip and Twitter expert in charge.
- 0:27We've got Optimist Fields, my Truth, what's happened in my
- 0:31dude? What's up, guys?
- 0:33So I have this big idea that now that I'm a part of the show.
- 0:37I think I should talk to myself. So, here we go, guys.
- 0:43This is, this is really me. Welcome guys, hello.
- 0:51I am Austin is fields and I am now the new member of Simply
- 0:55Bitcoin. All right.
- 1:01Well, you know what? While we're on this, we're going
- 1:04to dive into the numbers. It's been pretty crazy this
- 1:06weekend. Let's do it another time.
- 1:09Brought to you by it, not all. They make some of the best.
- 1:12Bitcoin oats like the model Dojo I'm holding in my hand, it's in
- 1:15red. That means it's faster, run your
- 1:17own version of Bitcoin core and lightning Network all in the
- 1:20comfort of your own home. Remember guys, if you don't run
- 1:23your own Bitcoin node, you are trusting someone else's and
- 1:27that's a big No-No for privacy. So run your own node today like
- 1:32the nozzle at the time of this recording.
- 1:34The block height is 730 4460 to the Bitcoin price 30, 8350 chain
- 1:40rewrite days, 95 total public lightning capacity, 3690 6.18
- 1:47Moscow, time 2608 blocks to The Happening 105,000 538.
- 1:52And the samurai Whirlpool, unspent capacity, Samurai
- 1:55Whirlpool is a coin or collaborative spend.
- 1:59It is not a mixing service and the unspent capacity of that
- 2:02pool is 4490, 1.91 the numbers. Numbers looking good.
- 2:12Kinda had a little bit of a little bit of a go down.
- 2:19I'm a correction whatever you want to call it.
- 2:21Anyways, it's not it's a good time to stack, but to make Phil
- 2:26feeling comfortable on the second weekend in a row.
- 2:30That's right, guys, Optimus is hosting number time Hi guys, I
- 2:37am back. I didn't completely bomb number
- 2:40time, last time. So they returned me.
- 2:43Hi guys. So I'm here to do the numbers.
- 2:46I guess I didn't fail it last week and I did a decent enough
- 2:49job to come back. So we got tagged by our boys,
- 2:52coined, a who's tagging this in all kinds of good content on
- 2:55Twitter and he goes, Nico look what the lizards are saying.
- 2:58They are scared AF, and they are losing control.
- 3:02So let's show this video. Because undermines maintain its
- 3:14entirety of our what went wrong. So on and third, it makes us
- 3:20look foolish compared to the communist leader.
- 3:22In China. He was smart enough to band that
- 3:25played in China, who are presumed in marriage.
- 3:35Right. So guys we're back again and
- 3:38Charlie Munger is supporting and endorsing the CCP one more time.
- 3:43So why did these billionaires love the CCP so much.
- 3:48You will understand. But Nico hit me to this tweet by
- 3:52Neil Jacobs. And I really love this
- 3:53perspective and he goes Charlie, Munger Bitcoin is evil because
- 3:56it undermines the Federal Reserve System, and the national
- 3:59currency system, and then you guys if by evil, he means
- 4:02attractive. And by undermined, he means
- 4:04offers an alternative To then, I'm in total agreement.
- 4:09So Guys, these guys are dinosaurs, they do not
- 4:13understand what is happening over here in Bitcoin.
- 4:15And like the saying goes, do not trust a man whose job it is to
- 4:20believe the opposite of the truth.
- 4:22So they are fundamentally invested in this system and they
- 4:25do not want you to be buying Bitcoin because like our boy
- 4:29Andrew Bentley, put in a perfect tweet by the Numbers.
- 4:32It seems that Warren Buffett has emboldened the Bitcoin haters.
- 4:35They are taking a Victory lap. Now that Bitcoin has crashed two
- 4:39thirty eight thousand dollars and is only a two thousand seven
- 4:43hundred and fifty percent from five years ago.
- 4:45Bitcoin has outperformed Berkshire in that time, by only
- 4:49a measly two thousand six hundred and fifty percent.
- 4:52Checkmate bitcoiners, I'm sorry, guys, this mask is hard to
- 4:55breathe in. It's like the worst, so it goes
- 5:00manga just said that Bitcoin is evil because it aims to replace
- 5:04the Fed. He praised China, I'm on the
- 5:07right side, feel free to call me tribal.
- 5:10So do Gibby. I agree with you.
- 5:14Call me tribal, all you want, a big lie, old guy yells at
- 5:17Bitcoin again. And we're out here, winning
- 5:20boys, McCoy kindergarten dropping nukes on number time.
- 5:27Optimus you gotta shop sharing the screen.
- 5:29Thank you, sir. It was good.
- 5:31Phil, how uncomfortable did that make you feel?
- 5:34I honestly think that my disk Comfort was no match for
- 5:38optimists. This Comfort.
- 5:39I can't breathe over here, at first.
- 5:42At first, I thought it was worse, but then, as he went on,
- 5:45I'm like, you know what? I'm like, he's probably worse
- 5:46off in the masks. Yeah, so yeah, dude.
- 5:51So Warren Buffett. He's a concealing.
- 5:53Are he most benefits from the Fiat system?
- 5:56He has the most to lose. Usually when someone is saying
- 5:59that the Chinese Communist, you know, that killed tens of
- 6:02millions of their own people got something right?
- 6:05That is That's a red flag but yeah, like, you know, I think
- 6:09he's not incentivized to understand it, right?
- 6:12He's most benefited from the Fiat system and how it works.
- 6:16He said, government control. I think that was another red
- 6:19flag as well when the fuck has the government made anything
- 6:22better. So, yeah, you know, I think he's
- 6:25just sour but, you know, I'm not really that worried.
- 6:28I think that that honey badgers going to continue doing its
- 6:32thing. But I think that Peter teal was
- 6:34absolutely spot on And when he said that these are the enemies
- 6:38of Bitcoin, right? He said Jamie dimon he included
- 6:41you know the Warren Buffett in there and absolutely man.
- 6:44They keep their dropping their they keep mentioning Bitcoin and
- 6:47every time they keep getting more and more aggressive, right?
- 6:50So I think that if America wants to stay ahead of China
- 6:54economically, right? It needs to do the exact
- 6:57opposite of what China did in actually embrace, you know,
- 7:01decentralized money and only Bitcoin is that right?
- 7:05I If we want to go get behind of China.
- 7:08We embrace the Central Bank, digital currencies.
- 7:10We take the China route and we're never gonna beat the
- 7:14Chinese Communist party at to tell at arianism.
- 7:16In the u.s. it's going to be a communist light in the u.s. if
- 7:19we Embrace Central Bank, digital currencies.
- 7:21So I think we have to go the other direction and people like
- 7:24Warren Buffett and Jamie dialing and all the Cotillion Aires that
- 7:27most benefit from the Fiat Financial system.
- 7:30They're going to go pound sand and they're going to be really
- 7:32pissed off. But dude, honestly I just don't
- 7:34care. Time for Freedom, it's time for
- 7:37decentralized money that you know, they could either jump on
- 7:40the train or they can get left behind, that's totally their
- 7:43business. Anyways, Phil what are your
- 7:45thoughts on this? You know, Warren Buffett.
- 7:48He mentions that he totally missed the, the tech bubble,
- 7:52right? He missed and I shouldn't call
- 7:53it the tech bubble, but the tech boom.
- 7:55So he, you know, he admits that he doesn't understand that, he
- 7:59didn't understand technology, right?
- 8:01He didn't understand apple, he didn't understand Microsoft.
- 8:03He didn't get how to Value these companies because He's a value
- 8:07investor, right? What he's looking to do is
- 8:10essentially by a one dollar product for approximately ten
- 8:14cents, right? And then he will gain from the
- 8:17value as the market comes to realize, it's really a dollar,
- 8:21you know what I mean? Like that's his that that's his
- 8:24style, that's what's made him and Charlie Munger and Berkshire
- 8:27Hathaway. So incredibly wealthy, you can
- 8:29take a look at the type of companies that they own.
- 8:31It's all the Staples right? Like, you know, Coca-Cola the
- 8:35candy, but Besides that stuff, they also own stuff, like, USG,
- 8:39right gypsum and stuff like that for building homes, they owned
- 8:42many insurance companies. Essentially, they owned
- 8:46companies that produce a lot of liquid cash and he knows exactly
- 8:51what he's talking about. And I think that not everybody
- 8:55that owns Berkshire Hathaway stock is necessarily a dinosaur
- 8:58like Warren Buffett. So every time him and Charlie
- 9:01get pissed off and they talk about Bitcoin to their crowd.
- 9:05Some there's some people out there that hey they're not
- 9:08allergic to storing their wealth and preserving the value, so
- 9:13they will take another look at Bitcoin.
- 9:15So again, you know these haters they just keep providing more
- 9:19advertising and don't get me wrong, but the crowd that is
- 9:22listening to monger and Buffett, they're not, you know what I
- 9:25mean? In the current system, they're
- 9:26not fools. So it's somebody's like
- 9:29somebody's gonna sit there and be like, you know what?
- 9:31Let's take another look at Bitcoin.
- 9:32Wait a second, this is the real deal and then Dover.
- 9:36So yep. Thanks guys.
- 9:39Thanks for playing but yeah I know it sounds weird because
- 9:43Charlie Munger and Warren Buffett like billionaires and
- 9:46stuff but they're gonna have fun staying for anyways.
- 9:49Phil it's time for the daily fail brought to you by Swan
- 9:54Bitcoin.com. That's right if you're a pleb
- 9:58and you're stacking, you are going to be stacking with Swan.
- 10:02It's the best way to build your Bitcoin stack.
- 10:04They've got an automated. Bitcoin Savings Plan, they're
- 10:07going to have an app coming out. Check it out.
- 10:09The link is down below. All right.
- 10:11There was an absolute insane amount of failure this weekend.
- 10:17Anyways, we are going to start going through.
- 10:18It's got three of them that are lined up for you.
- 10:22Let's start with the first one. I just, you know what, I tweeted
- 10:26out today that I think that the velocity of stupidity is
- 10:29increasing, and today's fails are definitely going to
- 10:32illustrate that we are going down this path.
- 10:34Here we go with. Theorem has The power to render
- 10:36a donut. That's right, guys, we're out
- 10:39here. Talking about fighting the
- 10:40internet, the bank of international settlements, the
- 10:43IMF, these guys are rendering Donuts as an mft.
- 10:47Yes, you read that, right? And you're not limited to
- 10:50doughnuts, it's now possible to render 3D images on chain.
- 10:56And the best part is, it's completely free.
- 10:58That's right. Just like all the other fds,
- 11:01make up for free and then sell them for Millions.
- 11:03The other people that think that their Investments Okay, that's
- 11:06it. That's all this thing is.
- 11:07This is the ridiculous thing that stupid doughnut on on
- 11:10etherium as an mft. A 3D donut anything to say about
- 11:14this. Before I move on, that's it.
- 11:16I'm not gonna waste everyone's time.
- 11:18I don't know what else to say. Yeah.
- 11:22Optimus any, any wise words about the 3D doughnuts?
- 11:26I think, I think they wreck themselves.
- 11:28We don't have to say anything more.
- 11:29Yeah, okay good. Yeah.
- 11:31I kind of felt the same way, but I felt it was important to share
- 11:34the Ian that is happening on aetherium right?
- 11:38While we're talking about the central bankers and we're
- 11:40talking about countries and in Africa, right?
- 11:42That are adopting Bitcoin. This is happening Innovation, we
- 11:48just don't get it. Nico Optimist were just stupid
- 11:50Bitcoin. Maximalists that don't get it.
- 11:53I don't see the in anyway. So okay, whatever, fuck this
- 11:56shit, anyways. All right, here we go.
- 12:00All right, so we got tagged. Got tagged by ziltoid full metal
- 12:04in this one, right? Centralized shit, coin, his
- 12:06investors are completely underwater yet, he's on a
- 12:09private jet talking about Charles hoskinson, he is the
- 12:13creator of. So he He's one of the creators
- 12:16of etherium but he also pivoted to make his own shit coin
- 12:19because he wanted to be king of his own kingdom.
- 12:21So there you go, he went on that and let's dive into this
- 12:25ridiculous article. Ridiculous, ridiculous, let's go
- 12:29here us. Regulators, are not ready for
- 12:32crypto, cardano, Creator, Charles Hawk.
- 12:35Charles hoskinson. That's right.
- 12:37The Regulators are not ready for his shit coin.
- 12:41While talking via satellite phone from his private jet to
- 12:43the audience at the financial times crypto and digital assets
- 12:46Summit. Hoskinson said the US Regulatory
- 12:48Agencies have trouble managing cryptocurrencies ability to
- 12:52change how they can be used, which would change how they
- 12:55should be categorized. Now keep in mind, he sitting
- 12:58around on a private jet, right? While there's a whole bunch of
- 13:00bag holders holding onto his shit coin, that's going nowhere,
- 13:03it's completely flat, okay? If you go take a look at it, but
- 13:06it up on a log scale and you'll see it just looks completely
- 13:08flat. It's ridiculous.
- 13:09Yes, it kind of just peek Up during the, you know, during the
- 13:12hype Cycles in Bitcoin, but it always flattens back out to
- 13:15absolutely nothing. Anyways, so hoskinson raised
- 13:18concern about discrepancies in environmental, social and
- 13:21governance scoring noting. There will be a difference in
- 13:24how different jurisdictions Define those guidelines and
- 13:27smart contracts on a blockchain. Could be employed to build
- 13:31International ESG standards. That's right.
- 13:34The shit coiners are totally down for the ESG.
- 13:37You'll you'll have nothing and eat bugs narrative.
- 13:40They're Ali. Good for this.
- 13:41They they want the ESG narrative.
- 13:43It's fantastic. I'm so glad he's on board with
- 13:45this. Hoskinson also said the
- 13:46blockchain provides. This is great, trust in business
- 13:49processes and installs standards.
- 13:51Amongst people who don't really trust each other or necessarily
- 13:55get along. I feel like people already do
- 13:57business, Am I Wrong? Do people not already do
- 13:59business out there in the real world?
- 14:01Like do we really need the blockchains to do this.
- 14:03Is that, is that really what's happening to us?
- 14:05I just don't think so. Anyways, hoskinson concluded by
- 14:08pointing out that block chains are nothing more than Code.
- 14:11And that code doesn't care who you are, or where you're at,
- 14:15highlighting the neutrality of such systems.
- 14:17Now, you see this, although he's not necessarily mistaken, he's
- 14:22kind of painting a shit coiny, validation narrative, right,
- 14:26where he's trying to paint the picture that his centralized
- 14:30shit coin, that has a foundation, is somehow the same
- 14:33thing as Bitcoin which has no head to chop off.
- 14:37That's, that's essentially to me that.
- 14:39That's what that little piece does.
- 14:41So we're going to just go take a quick look here.
- 14:44Take a quick look at the cardano foundation.
- 14:46That's right. See Bitcoin has no Foundation,
- 14:49but cardano has a foundation. Aetherium has a foundation.
- 14:53Anyways, we are an independent Swiss based nonprofit that
- 14:56oversees and supervises the advancement of cardano.
- 15:00We are the legal custodians of the cardano brand.
- 15:03That sounds like a head to chop off right there.
- 15:06The cardano metaphorically metaphorically, the Cardinal
- 15:08Foundation sets, the direction for decent for Centralized
- 15:12economic empowerment but this is a foundation and wait.
- 15:16There's more to this Foundation, the cardano foundation sets, the
- 15:19direction for decentralized, economic empowerment, working
- 15:22with Regulators in different jurisdictions to shape,
- 15:25blockchain legislation and Commercial standards, and
- 15:28empowering the cardano community, to Leverage The
- 15:31cardano protocol to solve real life problems.
- 15:34I find it so interesting that they're completely insane in
- 15:37thinking that for some reason, the world is going to take on
- 15:40this. Relized shit coin.
- 15:42I just don't understand why they would think this.
- 15:45Now, if you take a look, right? So this is not decentralized in
- 15:49any way, shape, or form. There's completely the, there's
- 15:51completely a single point of failure.
- 15:53They have Executives. They have a community team.
- 15:56They have operations. They have market and growth.
- 15:59You can take a look here at every single person.
- 16:00Look exchange relationships manager, find me The Exchange
- 16:06relationships manager for Bitcoin, or how about the head
- 16:10of Epps and executive officer of Bitcoin.
- 16:13Do we know him Nico this? He are.
- 16:15We going to see he? Or she he's not gonna meet them
- 16:18is on the show today, it's optimist.
- 16:19So, it's Optimist. Okay, perfect!
- 16:21Perfect. All right, so let's wrap this
- 16:25part of the fail up here. Cardano is a proof of stake
- 16:27blockchain platform, the first to be founded on peer-reviewed
- 16:30research, and develop through evidence-based.
- 16:32Methods, it combines pioneering Technologies to provide
- 16:35unparalleled Security State, ability to decentralized
- 16:37application systems and societies.
- 16:40I don't Understand how it offers decentralized anything when I
- 16:43just showed you the cardano foundation and how they they
- 16:47actually further the development of ether of cardano.
- 16:52So, this is all complete nonsense, it's just word salad.
- 16:56Anyways, before we move on to the last fail, Optimist, you
- 17:01want to hit this first? I'm, I'm honestly surprised that
- 17:06people are still in to Cardona at, like, at this point.
- 17:11Because it's such a train wreck that like the leader or the
- 17:16Creator hodgkinson. Like he's such a joke on
- 17:19Twitter. In my opinion, he's like this
- 17:21crypto celebrity and everyone's like, built a culture around
- 17:24him. And like, you guys are showing,
- 17:27man, it's a company. There's people, there's a head
- 17:30to cut off, like it's not decentralized, just buy Bitcoin
- 17:34your life so much easier. It's, it's so simple.
- 17:36Got to just buy Bitcoin. I get frustrated at this stuff.
- 17:39It's like, You got you got the best money in the world and then
- 17:43we got scammers trying to give you something.
- 17:44That is literally just taking your Bitcoin and we get called
- 17:49toxic, it's ridiculous. Yeah, I completely agree.
- 17:54I think, you know, it's it's a, it's a tech startup, you know,
- 17:58but they have their own money to which to dump on investors.
- 18:03So, you know, it's it's it's a big racket, it's a big scam, you
- 18:07know, and I'm not a big fan of government regulation.
- 18:11I'm a big fan of the free market, let the free market
- 18:13decide. But yeah, you know, what are
- 18:17these, but not giant Ponzi schemes right there.
- 18:20Literally. And that's what shit coins are
- 18:22there, shit? They're, they're literally
- 18:24designed to enrich the founders and their design to third,
- 18:28literally designed to part you away from your Bitcoin.
- 18:32And if you, if you look at a chart which we pulled up many
- 18:34times over the long run, right? None of these outperform
- 18:38Bitcoin. So what is the point I'm buying
- 18:41these and I understand the point because a lot of people getting
- 18:44into the space, you get in and you see the price of Bitcoin.
- 18:47You say, I, you know, I missed that train.
- 18:50Let me get on the other train, there's something called Unit
- 18:52bias, you buy cardano psychologically, it feels a lot
- 18:55better because you're buying more of it, right?
- 18:57But in reality, it's not equal, you're not buying something that
- 19:01equates, the Bitcoin which, you know, exchanges like coinbase
- 19:05and you know, a lot of the shit corners on YouTube.
- 19:07Do a really good job at exploiting if that, you know,
- 19:10that that's Ecology, you know? And then they're like oh look
- 19:12this is a new thing. This is the next thing whereas
- 19:15in look in Bitcoin everyone wins and shit coins.
- 19:19Only the founders went you know so those are my thoughts on
- 19:22that. Yep absolutely.
- 19:25All right, let's wrap this up. Let's wrap it up with a little
- 19:28nft failure. You know what we are actually
- 19:31not even going to dive into this article.
- 19:32We are just going to discuss this, okay?
- 19:35I just covered a couple of things in it to give you an
- 19:37idea, essentially, it's an entire article.
- 19:41Chilling and ftes and talking about the proliferation of NF
- 19:43tease. But I want you to pay attention
- 19:45to the title because the title is the most ridiculous.
- 19:50I think the most ridiculous thing I read today which does
- 19:52say a lot because I read a lot of ridiculous.
- 19:54Crap. N FTS can democratize
- 19:57imagination says VR metaverse Sculptor Democratize
- 20:05imagination. That is one big pile of shit,
- 20:08okay? I just want to set the stage
- 20:09here when industrial designer, and then ft artist, Joshua skirt
- 20:14is sculpts in virtual reality. He's Unbound by the constraints
- 20:17of the real world, he can dream. He can dream up, things not
- 20:20inspired by his immediate physical surroundings, with an
- 20:23endless digital canvas to use. As he sees fit when he does take
- 20:27off his medic West to headset. He returns to a near-empty
- 20:30hundred square foot room in Queens in New York with little
- 20:33more Computer desk on one end of the space.
- 20:35The walls are intentionally blank and the floor is covered
- 20:38in soft interlocking. EVA foam panels like the midsole
- 20:42of a sneaker get ready for the men of us, okay?
- 20:49And then they go in to start explaining and ftes and and this
- 20:52is where, you know, it's just a complete puff piece and then ft
- 20:55serves as a proof of ownership for an item know, it doesn't.
- 20:58And we've shown time and time again, all you ended up paying
- 21:00for is the hash. And in this case each Genesis
- 21:03nft represents a single 3d figure that he hand sculpted in
- 21:08VR. Okay so look there is a major
- 21:10disconnect between this title, okay, and then essentially
- 21:16selling some some person creating so.
- 21:20So this is the gimmick, he's creating an FTS while he's
- 21:28wearing a VR headset. That's it.
- 21:33That's the thing. That's the thing that's in my
- 21:38that's the new elaborate scheme to you know to steal your
- 21:41Bitcoin. Like that's literally that's the
- 21:43thing you know they're they're just capitalizing on buzzwords
- 21:46and on Trends, you know, VR this is you know Bitcoin doesn't do
- 21:50that. And you know it's just
- 21:51unfortunate bro. It's just it is what it is.
- 21:53They're just dry and scammers but that title like what is that
- 21:58title? Even mean democratizing
- 22:00imagination. I gotta tell you, I read this
- 22:02early in the morning and I've thought about it at least
- 22:06Minimum and our today. And I have no idea what they're
- 22:10actually talking about. They don't explain it in any
- 22:12way, shape, or form in the article, all they do is explain
- 22:15the preliminary proliferation of n FTS.
- 22:17The growth of n FTS I don't get it, dude, Optimist.
- 22:25Well, we said it last week, you know, democracy is just the
- 22:28catch-all phrase for everything. So it You needed yourself my
- 22:33dude. That was my computer Nico.
- 22:36It's not supposed to make sense. Phil, this isn't supposed to
- 22:39make sense. This is the weaf you own that
- 22:41thing and be happy. This Is How They Roll it out.
- 22:44Ha ha ha. It's true.
- 22:47Then FTS. Anyways, beautiful fails Fil.
- 22:50A lot of just heaping. Piles of shitty after the other
- 22:55all designed to take your Bitcoin, don't fall for it.
- 22:58That's why we cover it. Stick to bitcoin, that's the
- 23:01truth. The signal.
- 23:02But anyways, Phil, it's time for the daily.
- 23:05Mean, review brought to you by Citadel 21, it's the best
- 23:08Bitcoin cultural news and stories articles Comics by
- 23:12actual bitcoiners. This is the artwork for volume
- 23:1510, they're all made by Vic coiners, is the volume.
- 23:18This is the artwork for volume 11.
- 23:19It just dropped and they're scarce is only 1000 copies made
- 23:23per volume. Get your physical print of
- 23:25Citadel 21 today before they run out.
- 23:27Alright, everybody, first meme is brought To Us by a homie.
- 23:32Tony dot huddle at stock, stacking underscore sets give
- 23:37this due to follow. It's all the shit coins Solana
- 23:41eith, by Nance cardano. Oh no, he's about to turn our
- 23:45shit coin off again. Oh, I'm surprised you didn't
- 23:47cover that Phil. Yeah.
- 23:49All these apparently Ethan Solana got turned off over the
- 23:54weekend. I'm sure Phil get to it this
- 23:56week. So many fake Smiles.
- 23:59You never know what someone is going through.
- 24:01I don't have Of Bitcoin. It's so true.
- 24:04Shout-out Rd next one. Bye, I am.
- 24:08That oth. I-i'm sorry, bro!
- 24:11I can't. I am doubt die.
- 24:14Okay. Anyways I am fully secure and
- 24:16decentralized and my blockchain just went down.
- 24:19I'm grateful for the protection of my validators.
- 24:21Continue to provide. It's so true, man.
- 24:24It's absolutely clown. World filled with Phil's going
- 24:26to cover it, but essentially over the weekend, etherium was
- 24:30down in the sense that it didn't go down.
- 24:32And down. But the etherium fees went all
- 24:34the way up to five thousand dollars, absolute clown world
- 24:37and thus the I think it was the Solana blockchain that went
- 24:41down. Once again it's just total clown
- 24:44World Phil's going to do the digging.
- 24:47We'll get to it this week. But anyways, next mean by Lynn
- 24:51Bitcoin doesn't do anything Bitcoin under man, undermines
- 24:54the Federal Reserve System. This is responding to the
- 24:57infamous, Charlie Munger video, which Optimus covered during the
- 25:01numbers, You did a very good job.
- 25:03He did a very thorough coverage of that we've never been that
- 25:07thorough in the numbers. I was impressive anyways.
- 25:09Charlie Munger it's so true man. That could undermines the
- 25:13Federal Reserve System Bitcoin doesn't do anything.
- 25:15It's true, make up your mind, man.
- 25:17Okay, next one, bye. Full Throttle hottel shit, coins
- 25:22Bitcoin, it's so true Man. All Right, Moving On by top
- 25:29roller 8th is going to be the world's computer.
- 25:32Our shit coin Factory down 99 percent on FTS 3,000 per
- 25:36transaction. And that honestly, I think that
- 25:38was one of the reasons that it was down is that there was like
- 25:41some bug out of Phil's gonna cover it, but some bug
- 25:44essentially, if someone is trying to print all these n ftes
- 25:47on the ethereum blockchain, next one.
- 25:49Bye Big. Sean Harris aetherium.
- 25:52Looking at Biden's Rising gas prices.
- 25:54Vitalik, hold my beer. It's so freaking true man.
- 25:59Awesome. Awesome memes.
- 26:00The fellow plebs slang. Like always and this is
- 26:03importance of means, right? They're so good at at
- 26:07communicating information, very quickly, it just ridiculing the
- 26:10shit coins. It's absolutely hilarious.
- 26:12And for that, I'm going to give it a very special score.
- 26:16Mmm, I'm debating. What my score is going to be
- 26:19Optimist? Why don't you go first?
- 26:22All right, guys, I got this. First of all, great names.
- 26:26Agreed, perfectly fitting from the news over the weekend.
- 26:30So good stuff guys. So I'm gonna give it This very
- 26:33special emboss pin for whole feels incredibly jealous right
- 26:40now, that's insane. Yep, yep.
- 26:43Anyways for that, for those memes, I'm going to give it shot
- 26:47out Lucho. This better money sticker.
- 26:49That came with the Lucho artwork that I just bought Phil.
- 26:54What would you give? Those beams?
- 26:56Very nice, very nice. Alright, I'm going with another
- 26:59Swede Toshi classic. Is the skate or die sticker, but
- 27:05it's the stack or die. Yeah, he's got the void.
- 27:10Yes, I have one too, nice, the bit Piggies board.
- 27:16Awesome, awesome, awesome. Awesome.
- 27:17It's the Schiff. It's the Schiff.
- 27:19It's the shit. I think I have 112.
- 27:21No, no, I just have the bit piggy.
- 27:22One. Oh wow.
- 27:24Okay. Look.
- 27:25He's my son's gift one. The sunglasses are on shift
- 27:27right now. Oh, that's funny.
- 27:29Anyways guys, we want to know if you agree with our scores, you
- 27:33disagree, let us know down in the comment section.
- 27:36Kamek, kamek, kamek comment. And Course, make sure to
- 27:40subscribe to us an alternative video platforms, like
- 27:42Rumble.com, and our personal favorite Bitcoin tv.com.
- 27:45They don't censor their because as Bitcoin TV, and of course,
- 27:48make sure to join our telegram group and link us some dank dank
- 27:52dank Bitcoin memes to review because a Bitcoin review and we
- 27:55need memes to review. But anyway, so it's time for the
- 27:57Daily News brought to you by crypto cloaks.com they make some
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- 28:20Yes it comes in Gold. That's fucking awesome.
- 28:23And you can take advantage of the link down below to get 5%
- 28:26off crypto, cloaks.com. All right, so kind of like at a
- 28:31crossroads right now where you have a push by the powers that
- 28:37be for Ultimate centralization and then, of course, you have
- 28:41Bitcoin. You have.
- 28:43I think he'll on buying Twitter is another step this push
- 28:46towards decentralization for the freedom of individual.
- 28:50And a big part of their scheme is this idea of digital IDs,
- 28:56right? We've been covering it for quite
- 28:57a long time, right? The push by the world economic
- 29:01Forum to force a lot of these countries.
- 29:03Push a lot of these countries to take the digital ID route which
- 29:08and Eva tably leads to KY seeing the internet.
- 29:11And a lot of people think that it makes it easier for them to
- 29:15implement a social credit system.
- 29:17This is just sketchy stuff. This is just governments doing
- 29:20government stuff, right? The digital ID guaranteed
- 29:23service was signed into decree, following his victory over
- 29:26Marine Le Pen, which will allow France to be compliant with the
- 29:30Europe European Union's digital ID, right?
- 29:32So he wins the election and then he implements a digital ID
- 29:35system and I know what you're thinking, what does this have to
- 29:37do with Bitcoin? Bear with me, I will make the
- 29:40case just after the election, the government announces the
- 29:43launch of digital identity application.
- 29:45The goal is to put a social Credit in the Chinese way
- 29:48control and surveillance company.
- 29:50Honestly, if I read this line like two years ago, I wouldn't
- 29:54believe it. But after everything that I've
- 29:56seen, I don't know. I don't know for sure.
- 30:00Let's just say I'm suspicious. Now the the reason that I said
- 30:04KY seeing the internet and the reason that I say that this is
- 30:07part of of their push because essentially what's happening is
- 30:10that the elites are losing control and the reason that
- 30:14they're losing control is partly because of the internet, right?
- 30:17And they don't know how to deal with this in the United States.
- 30:19You have a push by, you know, by the body Administration to the
- 30:23Bureau of distance formation by the Department of Homeland
- 30:26Security. In France, right there, already
- 30:29pushing to kyc the internet and Canada, right?
- 30:32I don't even have to say what has happened in Canada.
- 30:34And the last year, I think, if you haven't been living under a
- 30:36bridge, it's incredibly. Obvious and you have the Legacy
- 30:40institutions, essentially scrambling.
- 30:42They don't know what to do. Check out this article by Time
- 30:47Magazine, and it's dystopian AF. And again, the reason that
- 30:51they're doing this is because the internet is
- 30:53disintermediating them. And the way they stopped, that
- 30:57is by KY seeing the internet. Or what Canada did was very
- 31:01clever is journalists actually need licenses.
- 31:05So you have to be an approved journalist, right?
- 31:08So this is just another example of this whole thing, how it's
- 31:13just playing out. But anyways, check out this
- 31:15tweet, but free speech in the 21st century means something
- 31:19very different than it did in the 18th.
- 31:22When the founders enshrined, it in the Constitution, that is
- 31:26dystopian as fuck. Free speech hasn't changed.
- 31:29Anyways, moving on. So this is Gap.com, it's an
- 31:34alternative, you know, social media platform.
- 31:38And I think this tweet really describes perfectly essentially
- 31:41why they're pushing so much for centralization centralization,
- 31:45whether that's digital IDs, whether it's that journalist
- 31:48getting licenses, whether it's about Administration, socially
- 31:52trying to push through a bureau like, a bureau of misinformation
- 31:57sounds. So dystopian or also known as a
- 31:59Ministry of Truth. This is what Gap cam had to.
- 32:03They via their Twitter account. There are so many more people
- 32:05wake. Now compared to 2016, if Twitter
- 32:08really doesn't act Free Speech policies, it is so over for the
- 32:12journals and the regime, every single thread will be one giant
- 32:16every single time. I completely agree and I and
- 32:19moving on. Okay, so check this out.
- 32:24I'm going to connect this with what we were talking about right
- 32:27here in terms of the digital IDs Nigeria.
- 32:32About 20, 20 to 25% of Nigeria's population, have adopted
- 32:37cryptocurrencies Bitcoin and shit coins, and it's starting to
- 32:41become a big problem for their government.
- 32:43People are just choosing to opt out completely and check this
- 32:47out. This news that came out from
- 32:49Nigeria not too long ago. Nigeria blocks 73 million,
- 32:53mobile phones and security clampdown, outgoing calls,
- 32:56barred on mobile s. Sims are not linked to the ni n
- 33:00database 1/3 of Users blocked for failing to comply.
- 33:04Nigerians raised concerns over privacy dajjal data security and
- 33:08access. So essentially what the Nigerian
- 33:11government did was the people that did not enroll in the
- 33:15digital ID of Nigeria, right? It's just a coincidence at all.
- 33:19These governments are rolling out this digital ID, right?
- 33:22They just completely block their phones.
- 33:25Now, connect this with Bitcoin, do you see where I'm going with
- 33:28this? If you don't use
- 33:31government-approved, Money. If you don't register for the
- 33:34digital ID, then we caught we cut off your access to the
- 33:37internet if they kyc the internet which is what Klaus
- 33:41Schwab has openly said he wanted to do.
- 33:43That's what the world economic Forum has openly said, how much
- 33:46easier would it be to go after Bitcoin users?
- 33:49Remember at the end of the day and this is why I pulled up this
- 33:52time article, apply this to money, apply this to
- 33:57transacting, right? But transacting in the, in the
- 34:0221st century means something very different.
- 34:06If they don't allow you to say certain things, what makes you
- 34:09think? They would be okay with you
- 34:12transacting with everybody connect the dots, right?
- 34:16So the digital IDs is an effort right by the powers that be to
- 34:21centralize control, centralize Power in order to keep the near
- 34:26their narratives alive. Why?
- 34:29Out of control and Rising why Bitcoin has Nigeria's government
- 34:32in panic. They're losing control of the
- 34:36narrative. They're losing control of the
- 34:38narrative and Nigeria, they're losing control of the money.
- 34:40And what is, what are all these governments doing their
- 34:43centralizing and consolidating more and more power through
- 34:48centralization of the internet, right?
- 34:50It's remember if it doesn't go through a proof sources, it's
- 34:54labeled misinformation, these are the same people that told
- 34:57you that inflation was transitory.
- 35:00These are the same people that have told you a bunch of Staff
- 35:04that have ended up completely wrong.
- 35:07And the essentially, the decentralized hivemind of the
- 35:10internet, with all these millions of Minds coming
- 35:13together have been a lot more accurate than their so-called
- 35:18credentialed experts which is why they're scrambling so hard
- 35:23to, you know, push this this misinformation garbage through
- 35:28to push these digital IDs through to push the kyc internet
- 35:32through because if you You don't have anonymity on the Internet.
- 35:37It's a lot harder to speak your mind because there's
- 35:40consequences of speaking, your mind, right?
- 35:43So there's two Powers at Play Here, There is the old Legacy
- 35:46system trying to centralize and consolidate all of this power.
- 35:52And then there's essentially the transition to the information
- 35:55age which was touched upon in the sovereign individual where
- 35:58the old Powers lose the. The hump that they used to have
- 36:03I don't know, I don't know another word to describe that
- 36:05they use. They are losing their
- 36:07credibility. They're using, they're losing
- 36:10their ability to control the masses, right through
- 36:12manipulating media. Because before think about it,
- 36:16it went for the example that I gave at the Bitcoin conference
- 36:19and I'm going to give it to you guys is back in 2003.
- 36:23I think about it, if they, if social media was the thing, do
- 36:27you think that they would have gotten away with the LIE of
- 36:29weapons of mass destruction? Think about all the narratives
- 36:33that They've tried to make people believe, right?
- 36:36Right, right now, the current one is trying to go to war and
- 36:40Ukraine, right? Think about it.
- 36:42It's a lot harder when people are doing their own research
- 36:47through digital IDs through KY seeing the internet, right
- 36:50essentially. They're, they're, they're
- 36:52hoping, right? That they're gonna be able to
- 36:55nip that in the butt and now add into the mix is Bitcoin.
- 36:59If you think that it's going to stop with, you're not allowed,
- 37:04To do your own research. You're not allowed to believe
- 37:07what you see with your own eyes which is why they're having a
- 37:10panic attack, panic attack over Elon buying Twitter.
- 37:13If you don't believe me the Bureau of misinformation
- 37:16literally launched, two days after he announced that he
- 37:20bought Twitter, right? What are they what are they
- 37:23trying to do? They're trying to consolidate
- 37:25power in a quest. And I think it's I think they
- 37:28already lost in my opinion and a quest to try to, to hold on to
- 37:33the The power that they've had on for decades and that power is
- 37:37the ability to manipulate the masses through media, right?
- 37:41But the internet has completely disintermediated them and at the
- 37:44same time what is happening is that money is being
- 37:48disintermediated as well. So freedom of speech, the fight
- 37:52for freedom of speech is the same fight for Bitcoin.
- 37:56The only reason a lot of people don't see that is because the
- 37:59fight for freedom of speech is the front line.
- 38:02If we lose that front. They will go after Bitcoin next.
- 38:05Because if you're not allowed to say what is on your mind on the
- 38:09internet, what makes you think that they are going to allow you
- 38:13to transact with anybody? Your heart desires?
- 38:17It's but it's one in the same. They're both the same fight.
- 38:21I think that these people have already lost but think about all
- 38:25the power that comes with being able to manipulate the masses
- 38:29through media, do you really think they were just going to
- 38:32hand over the keys? And in Nigeria you're seeing how
- 38:36how far they're willing to go. In fact, shutting down 73
- 38:41million people's phone because they didn't sign up for those
- 38:46digital IDs. Absolutely Bonkers.
- 38:50Phil, what are your thoughts on this?
- 38:52You know, as you're as you're explaining this, I'm just
- 38:55thinking about the other piece to this that I don't know how
- 38:58much is being really discussed, right?
- 39:00So let's picture government's amassing, all of This data.
- 39:04So now you have governments that are essentially creating honey
- 39:07pots, right? These are honey pots of data.
- 39:10And what's happening, is that at some point, I, you know,
- 39:14governments I believe are going to start to share that data with
- 39:18each other and to be perfectly honest.
- 39:20I think that that actually scares me a lot.
- 39:23I think what really bothers me about this whole thing is them
- 39:28wanting to essentially from what I'm seeing, create this one.
- 39:33Type of digital ID standard. Okay.
- 39:37And then what you're going to see, okay?
- 39:38What you're going to see, inevitably will be this
- 39:42governing body that will emerge from all of this activity.
- 39:47Well, it's happening. It's happening in Europe.
- 39:49Did you covered it on the daily fail, right?
- 39:51No, I know, but it'll go beyond that, right?
- 39:53Because, you know how each country has their own little
- 39:55bodies, but eventually there's going to be one that spans all
- 39:59of the world. Like you'll see.
- 40:01This is, it's inevitable, right? Like we talked about Like the
- 40:04trilateral commission and stuff like that, like this is
- 40:06literally that type of crap. Yeah, and that's exactly what's
- 40:10going to happen and then don't get me wrong but then think
- 40:12about it who has access to all your data and that is the
- 40:15biggest Honeypot of all. Absolutely scary as hell man.
- 40:20Anyways it's scary as hell. So in this is, you know and I'm
- 40:23gonna add in the line that I always say in the future you're
- 40:26going to have to pick and choose between central bank, digital
- 40:29currencies right and Bitcoin you're going to have to pick and
- 40:34choose between a centralized future which is what they want
- 40:38so badly and they're freaking out because the internet is
- 40:41allowing people to do their own research as well as transact
- 40:45without their methods of control and they're freaking out.
- 40:48Because of it or you're going to have a decentralized future,
- 40:52which is Bitcoin, you're gonna have to pick and choose right
- 40:55now, it's a little off you skated, But as time progresses I
- 40:58suspect it's going to become more and more obvious.
- 41:01Optimus, what are your thoughts on this?
- 41:03Well, excuse me. It's honestly like terrifying.
- 41:07How far these governments are willing to go to keep us crowd
- 41:12as cattle. And I don't know about you guys,
- 41:14but I remember reading 1984 as a kid and being absolutely.
- 41:18Terrified and then also glad that it was fiction.
- 41:22And now I don't know if that's forward 15 years later and we're
- 41:25literally living it as if it was a documentary or a blueprint.
- 41:29So guys, this stuff is is absolutely terrifying.
- 41:33If you don't have Bitcoin and as a wise man once said, it's
- 41:38either Bitcoin or communism. And if you're against Bitcoin,
- 41:41you're against freedom. And guys, I don't know about
- 41:45you, but I sure do like freedom and I'm not down.
- 41:48And to get freakin Peg bagged and cattle defer, these crazy
- 41:53lunatics over there everywhere in the government.
- 41:56So you know, buy Bitcoin and opt out like cheese us.
- 42:01Yeah. Dude, it remember it only works
- 42:04if you take self custody, if you have your Bitcoin on coinbase on
- 42:08Exchange, it really belongs to the government.
- 42:10They just haven't told you yet. Anyways, moving on big
- 42:14milestone, big deal. This came up the Incentives of
- 42:19Bitcoin are irresistible, right? And here is Goldman one of the
- 42:25one of the most, the largest well-known, right?
- 42:29You know, wealth management Banks, right?
- 42:32Goldman offers its first Bitcoin back Loan in crypto push Goldman
- 42:36Sachs offered its first-ever lending facility back to buy
- 42:39Bitcoin and a significant step for a major u.s. bank that
- 42:42accelerates wall Street's and Brace of cryptocurrencies, the
- 42:45security, the secured lending facility lent cash.
- 42:48Otherwise buy Bitcoin owned by the bar.
- 42:51A spokeswoman for the bank said the deal was interesting and
- 42:54Goldman to Goldman because it is because of its structure and
- 42:5724-hour risk management. But it wasn't only Goldman.
- 43:00There is also a milestone article as well isn't.
- 43:04It is the Wall Street Journal, May 1st, 2022, Wall Street,
- 43:08reluctantly and braces, Bitcoin and shit going.
- 43:11The largest US Banks, security, firms, and custodians many of
- 43:14home once greeted, the emergence of digital assets with
- 43:17skepticism, Are now showcasing their forays into the market at
- 43:22a moment in time when the traditional industry has woken
- 43:24up and more, broadly accepted this is happening.
- 43:27While looking the recent conversion industry Executives
- 43:31said has less to do with any Epiphany about cryptos utility
- 43:35than it does a simple reality. They don't want to lose the to
- 43:40the lose the business to Rivals. It's gotten to the point where
- 43:43everyone is at some point in the journey, if they're not actively
- 43:47investing than their, Lowering it in response.
- 43:49Most banks custodians are working on plans, to move
- 43:52forward with handling crypto at different Paces, firms such as
- 43:56Fidelity Investments in Cohen Ink have started storing and
- 43:59trading cryptocurrencies, either on their own or through Ventures
- 44:02with digital asset startups last week bny Mellon and Rivals, such
- 44:07as State Street, Corp are building capabilities to store,
- 44:11trade, Bitcoin and other digital assets while they await u.s. and
- 44:15state regulatory approvals that. I say will allow them to go live
- 44:19with those services for institutional clients.
- 44:22Now, here's the thing and this is what I'm trying.
- 44:24I've been trying to convey to you guys there.
- 44:27Sipping, the poison that will kill them eventually.
- 44:31They just don't know it yet, right?
- 44:33And this goes to a very famous article by Alex gladstein.
- 44:36Shout out to him and I think he describes it perfectly the name
- 44:41of the Articles Bitcoin is a trojan horse for Freedom, right?
- 44:45And now here's the thing with with these, what these
- 44:48Institutions with these companies.
- 44:50With a lot of governments think is that you could separate the
- 44:53freedom from Bitcoin, but the wrong and Alex beautifully
- 44:58describes. It the mean begins with wealthy
- 45:01individuals corporations and soon governments which see
- 45:04Bitcoin as a glittering digital gold out of self-preservation,
- 45:07right? And this article is written two
- 45:09years ago, right? And that's exactly what is
- 45:11happening here. Let me read it again, right?
- 45:14The recent conversions industry executive said had less to do
- 45:17with any of Epiphany about kryptos utility than it does a
- 45:21simple reality. They don't want to lose their
- 45:24business to the rivals. Glas.t nailed that two years
- 45:28ago. So anyways, the mean begins with
- 45:31wealthy individuals, corporations and soon
- 45:32governments, which see Bitcoin has glittering digital gold out
- 45:35of self-preservation and greed. They're incentivized to buy mine
- 45:39or one day taxes new prize to accumulate, the soundest money
- 45:43and gain an advantage over their Rivals.
- 45:44Bitcoin does. After all on its exterior, look
- 45:47very appealing. It's the best performing
- 45:49financial asset in the world over the past 12 years.
- 45:52But Bitcoin is not just number. Go up technology hidden behind
- 45:56the eye-popping gains is a powerful Freedom.
- 45:59Go up technology that its new adopters are knowingly or not
- 46:03pushing forward and gu + FG. You are inextricable.
- 46:07So, again, it's a big milestone Wall Street caved.
- 46:13I think that they knew deep down inside, right, that perhaps
- 46:17supporting this was And a good idea, but the greed and Bitcoins
- 46:21better flag Theory, got the best of them like it's going to get
- 46:24the best of governments but what they don't realize is when they
- 46:27take that orange pill whether they realize it or not like lots
- 46:32team pointed out there taking also Freedom enabling technology
- 46:36and it's just a matter of time before those institutional
- 46:40investors realize, hey wait a second.
- 46:44Why do I need to custody with you?
- 46:46Exactly. Why are you taking that one
- 46:49percent management fee? If I could just store those
- 46:53private keys by myself? Why is it that you need to exist
- 46:57and those are questions that are going to pop up sooner or later
- 47:01the more that Bitcoin the the more that Bitcoin expands into
- 47:05the, you know, the the common, the common Consciousness and
- 47:11eventually I think that these people were They realize it or
- 47:15not, they're shooting themselves in the foot, they just don't
- 47:17know it yet. And I don't think it's going to
- 47:19be obvious for another decade or so.
- 47:21But eventually a lot of those institutional clients, right?
- 47:25Perhaps their now young and they will become older at that time.
- 47:29They'll realize, hey, wait a second.
- 47:31I don't need to maybe I need to custody my socks with you, but I
- 47:34definitely don't need to custody my Bitcoin with you and if James
- 47:39lavish was right and a lot of these, you know, smart, you know
- 47:42guys that came from the financial industry or Correct?
- 47:44Right and Bitcoin captures, maybe, two, three, four percent
- 47:49of global assets, right? Think about how much money that
- 47:53is. I think about how much those
- 47:55institutions are losing in business, right?
- 47:58Because before people had no other option, but to custody a
- 48:02lot of their assets with them. But with Bitcoin self custody is
- 48:06a whole other monster. It's a whole other thing that
- 48:09they haven't had to deal with. It's just a matter of time
- 48:12before people start to realize Sighs, dude.
- 48:15I could take self custody of my own wealth and by doing that
- 48:19you're taking power back and it becomes increasingly difficult
- 48:24for governments to manipulate people's wealth, because it's a
- 48:27lot harder for governments to go after millions of people
- 48:32storing, their own private Keys than a handful of Institutions
- 48:36that are storing. Everyone's wealth.
- 48:38I think that this is where this is going.
- 48:40But this is a big milestone, dude.
- 48:41This is where Wall Street has realized.
- 48:43Hey, if If we don't get on this Bitcoin train, we're going to
- 48:46get left behind Phil. What are your thoughts?
- 48:49Yeah, that's exactly right. And it's exactly what you said.
- 48:51So they they get to make the choice.
- 48:54Do I? Let my competition make me
- 48:56irrelevant and make me poor or do.
- 48:58I do this myself and essentially kind of hang myself with the
- 49:03Rope so metaphorically, so to speak.
- 49:06And and that's right. They really have no choice but
- 49:09but there is a silver lining to this for these institutions.
- 49:13For the Institutions that the side to actually come together,
- 49:18right? And start to figure out how they
- 49:20can add value into this ecosystem or how they can create
- 49:24services and or products that people would be willing to use
- 49:29and trust and willing to trade their Bitcoin for will then
- 49:32these institutions will not be made irrelevant, you know?
- 49:35Like so they do look they do have a chance but the problem is
- 49:40this that I think a lot of people also don't realize is
- 49:43that the Bigger the business. The slower it is to Pivot.
- 49:48So this is why companies like Google, right?
- 49:51They went and they created alphabet and then you have like
- 49:55a separate sub division of that that's Google.
- 49:57And then you have this other subdivision that's something
- 49:59else. This is why they do stuff like
- 50:01this so that they can pivot. They can pivot quicker.
- 50:04Otherwise, it's very difficult for these large organizations
- 50:06and when you're talking about organizations like JPMorgan like
- 50:09Goldman Sachs, this is Major entrenchment into the This is
- 50:14Major entrenchment into the financial world, if not major
- 50:19backbone, components of the financial World itself.
- 50:22So these things they can't pivot quickly.
- 50:26They cannot pivot quickly and let's face it.
- 50:29They're going to do what they think is going to make them
- 50:32preserve themselves. The longest, which is tricking
- 50:36people into custody in their Bitcoin with them.
- 50:41Like if you think about it, like that's pretty much all they
- 50:43have. And Nico, you.
- 50:44And I have joked around this, before about this before.
- 50:47Like, what are they gonna do? They're gonna sit there and look
- 50:49at the Clark Moody dashboard, and they're going to go and sit
- 50:51there. Look at tradingview, go check
- 50:52out the guys Hardware wallets. Make sure his his, you know,
- 50:55make sure it's not stolen, you know, like do his recovery seed
- 50:58for him like I just anyways, I good luck to them.
- 51:02You know, really good luck to them.
- 51:03Good luck. And honestly, they desert
- 51:05whatever, it's coming to them. They fucking deserve it, man.
- 51:09Anyways. Optimus what are your thoughts
- 51:10on this? Well, I think you guys And it
- 51:14perfectly and you say it, basically every shell incentives
- 51:18or everything, and Bitcoin has the best incentives.
- 51:21So even if it is, you know, then taking the poison slowly, it's
- 51:27still they're incentivized to do it and after yesterday's episode
- 51:31with Jai Ma biche, I hit one of my friends who's he's a you know
- 51:34he works as an investment for some fun profile manager or
- 51:38something like that and I was just interested.
- 51:40I'm like yo are is your company doing something with Bitcoin
- 51:43related? Waited, and he was talking about
- 51:46there, they're very interested in talking about Bitcoin and so
- 51:50there right now into, you know, doing like ETFs and funds and
- 51:53all that shit culinary. But he did say that they are
- 51:57looking into some kind of custodial wallet features in the
- 52:00future and like, you guys are saying in my head, I'm just like
- 52:03laughing. It's like, yeah, that's awesome
- 52:06guys, but like anyone who knows, anything isn't going to custody
- 52:10their Bitcoin with you if they're smart.
- 52:12But at least they're trying. Understand that if they don't do
- 52:16it, their competitors will and they're going to get Rex.
- 52:18So the incentives are pure guys. The incentives work out there.
- 52:22You just trust the process Bitcoin fixes this Bitcoin,
- 52:27really does fix this. But anyways, filled there was a
- 52:29website by plea wanting show everybody websites by plebs or
- 52:34websites brought to you by Cipher safe.
- 52:37Check them out. Cipher safe dot IO, guys.
- 52:41I keep telling you don't store your Your seed on paper paper is
- 52:46not safe and it's also not safe to tattoo your seed to your
- 52:50body, right? Those two things, not good
- 52:52anyways, store your seed in the Cipher wheel or the all new
- 52:56Cipher grid. They both come with a
- 52:58tamper-resistant wire but the grid comes with a punch tool.
- 53:02Shout out to bitcoin Mel. That's right, she reached out to
- 53:06me, you know, she's trying to get some more attention to the
- 53:11bitcoiners in the Chicago area. So go check.
- 53:14Count Bitcoin for girls.com. Here we go.
- 53:17We've got Chicago bit devs Meetup, May 12.
- 53:21And the Bitcoin Blitz, chess tournament and meet up on May
- 53:2513th. Check out our website.
- 53:27Let's get some love to the Chicago bitcoiners.
- 53:30Don't forget to check us out on our Audio.
- 53:32Only platforms, Apple podcast, Spotify and anchor.
- 53:37If you want to stream a SATs. Check us out on Fountain.
- 53:39Dot f m--. You could stream assets through
- 53:41Breeze. Awesome.
- 53:43Thank you for all right, guys. How are we gonna get very
- 53:45special shout-out to our clothing.
- 53:46Sponsor represent. Represent LTD.com filling night,
- 53:50where the hoodies every single day, Phil has the new Bitcoin
- 53:55hoodie on. He's going to come out with more
- 53:57Bitcoin merch soon, and you can take advantage of the promo code
- 54:02down below for 10% off. Anything off the represent
- 54:05LTD.com store. I also want to give a very
- 54:07special shout-out to the new member of Simply Bitcoin, you go
- 54:12get more follow on Twitter. My living my underscore live in
- 54:16underscore truth. He is also the co-host of one of
- 54:20our favorite pleb Hangouts, the legendary famous Bitcoin
- 54:24kindergarten, it's every Wednesday at 9 p.m.
- 54:27Eastern Standard Time. It's a live discussion Q&A that
- 54:31had Pierre. Richard last week, I don't know
- 54:33who they're going to have this week, but it's freaking him on
- 54:36awesome. You guys should definitely check
- 54:37it out guys. That was a show.
- 54:38If you enjoyed the show notes. Deuce, man.
- 54:41Course he would have continued hearing the bitcoin news from
- 54:43the Polly Platt. Active in the catastrophic
- 54:45fails. Definitely consider subscribing
- 54:47to Simply Bitcoin will see to our guests for a brand new
- 54:49episode Wall Street caved. The government's are caving.
- 54:53Nothing Stops the honey badger.