Latest / Simply Bitcoin / Congress Sends DEMANDS to Bitcoin Miners | EP 558

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Congress Sends DEMANDS to Bitcoin Miners | EP 558 · Simply Bitcoin

0:18
Yeah. Welcome to Simply Bitcoin live
0:20
today. We have a very special show that
0:22
continuation of the separation of money and state.
0:25
I think we're seeing the state fight back a little bit for some
0:29
reason. Ian, they really dislike
0:31
Bitcoins proof of work. I wonder why?
0:35
Anyways, I want to give a very special shout-out to my awesome
0:38
co-host. How you do an update?
0:40
I'm doing good Nico. What's up plebs?
0:42
What's up, bitcoiners Nico to answer your question.
0:46
I wonder why I wonder why, but yes, interesting news.
0:52
And and I have a cool thread for the culture and, you know, I
0:57
have a topic that is close to my heart.
1:00
That I want to talk to but also I put a description of a thread
1:04
that you guys need to read and I'll cover it during the
1:06
culture. Absolutely immense gonna be a
1:09
special show on. It's Saturday, guys.
1:11
You know, we take it a little bit easy on Saturday.
1:13
It's the Saturday special. Also let's see if we have time.
1:17
I also have but I might put this some Monday.
1:19
I might put this to Monday but also for some reason they're
1:24
always blaming Bitcoin for the money laundering.
1:26
Even though we know for a fact people use cash.
1:29
Or also. I wonder why lots of
1:32
coincidences this week for sure, but anyways, let's start the
1:36
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recording the Bitcoin price is at 20. 40 SATs per dollar. 4680
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six block height 750,000 322 reachable Bitcoin nodes,
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fourteen thousand, eight hundred and thirty six blocks to The
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Happening. 89,000 678, having estimate, April 21st, 2024 total
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lightning, network capacity, 4570 capacity value 9, 97
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million dollars, hash rate estimate 207x The hashes
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realized monetary inflation, my favorite stat here because it
2:42
takes the US dollar absolutely to school.
2:45
We're at one point seven, eight percent market capitalization
2:49
four hundred and seven billion dollars.
2:52
Anyways, what I wanted to talk today about Opti, just something
2:56
that we always talk about on simply Bitcoin, right?
2:58
Which is the right, the fight for speech.
3:00
Free speech is the fight for Bitcoin money transacting.
3:04
Money is a form of speech code is Form of speech, if the
3:09
powers-that-be get to dictate, what speech is, okay?
3:12
What speech is not okay. Obviously, that means Bitcoin.
3:16
Obviously, that means that you're not allowed to transact,
3:19
you're not allowed to run certain code, right?
3:21
We already kind of saw that last week with the treasury
3:25
Department. Sanctioning not a country, not
3:27
individual, but a software and open source software and that
3:31
led to the arrest of an open source developer, right?
3:35
So, this is something that you have to stay on top of now.
3:38
Normally, I would have not covered this because I felt like
3:42
it was noise. However, the reason I wanted to
3:44
Over it and I'm not even going to read it from the original
3:47
article, right? I'm not going to even in the
3:49
name of the article for audio listeners as the world, economic
3:52
Forum announced recruitment of information, Warriors to control
3:55
the narrative on social media. And, you know, you read that
3:58
you're like, okay, you know, this is just the media Spin and
4:01
whatnot but it was really the fact check that caught this to
4:05
my attention. Right?
4:06
Because the fact check says World economic economic Forum
4:09
did not announce recruitment of information Warriors to control
4:13
narrative on social media. Now, check this out.
4:16
Did the world economic Forum announced the recruitment of
4:19
information workers to control the narrative on social media?
4:21
No, that's not true. The world economic Forum has
4:24
recruited, no, such people, an article making the claim
4:27
misrepresents a un initiative called verified, which was
4:30
launched in May 20, 20 and an effort to fight misinformation
4:34
around the pandemic. The article here was published
4:37
by news punch on August 17, 20 22.
4:40
And here is from the original article that I read.
4:42
Now, here's the thing because this is really Saying most
4:45
people they just read the headline and they're like, okay,
4:49
they lied. But dude buried into the article
4:53
it says the world economic fought podcast features Melissa
4:57
Fleming who leads Global Communications for the UN.
5:00
This is to quote her so far. We recruited 110,000 information
5:06
Warriors and we acquit. No sorry information volunteers
5:09
and we equip these information volunteers with the kind of
5:12
knowledge about how misinformation spreads and ask
5:15
them to serve as a kind of digital First Responders in
5:19
those spaces were misinformation travels.
5:23
Wait, hold on a second. Didn't it say that?
5:26
That's not what they did. Fuck is happening here.
5:32
Note her use of phrase information.
5:34
Volunteers not information Warriors.
5:38
Well, that's that mean, that's exactly what they did.
5:42
Anyway. So it's like they're picking
5:44
their they're picking and choosing the details to debunk
5:48
the article, but the meat of the article Still Remains true.
5:52
And here is a fact, they recruited 110,000 information
5:57
Warriors to debunk. Misinformation that the regime
6:02
that the establishment, The Establishment says is
6:04
information. Now, here's the thing about the
6:06
UN, right. Why is Melissa Fleming going on
6:10
the world economic Forum podcast?
6:12
Obviously, you know where they stand?
6:13
The world, economic forum is against proof of work, they're
6:16
against Bitcoin. And we also know that United the
6:19
United Nations is against Bitcoin.
6:20
We read you, we covered this article on last Saturday's
6:23
episode, the name of the article for our audio.
6:25
Listeners is the United Nations spells out actions to curb
6:30
Nancy's and developing countries.
6:31
And it's funny because on the top it says prosperity for all.
6:34
So like this is just Cloud World shit bro.
6:38
It's like ait's a lie, it's not true, it's misinformation but
6:44
they did hire hundred and ten thousand people to fight
6:47
misinformation. What is that?
6:49
But not information Warriors and remember these are the same
6:53
people that are redefining. What a recession is.
6:56
These are the same people that lied to your face and told you
7:00
Hey, there is no inflation there are some inflation.
7:03
The inflation is caused by companies gouging prices and not
7:07
because the government is printing a record amount of
7:12
money not to mention the fact that they literally passed the
7:16
bill called inflation reduction act that prints more money.
7:20
And then hires an army of IRS agents to make sure that you're
7:24
paying your taxes correctly. So why do we why should We
7:30
believe what they're telling us, even though they've consistently
7:34
lied over and over again. And even if you give them the
7:38
benefit of the doubt, say most of the things they say isn't a
7:40
lie. Why shouldn't free people and
7:44
individuals make their own decisions based on their own
7:47
research. And the reason for that is
7:49
simple, you can't have an agenda pushed by the world economic
7:54
Forum. You can't have cryptocurrency
7:57
adoption curved if you don't. Control the narrative.
8:01
And that's what this is about. This is about controlling the
8:04
narrative. This has nothing to do with
8:07
helping people. And at the end of the day, I
8:11
always tell you guys, there's two fights ahead of us for the
8:14
Bitcoin Revolution. There is the right to self
8:17
custody and there is Bitcoin energy usage, which we're about
8:21
to cover on the news. And those two fights.
8:25
They can only win if they control the narrative 100%.
8:29
Because if God forbid, the truth comes out, no one will buy their
8:34
bullshit and that's why they push so hard for hiring 100,000
8:39
people. Or to fight so-called
8:41
misinformation. Remember, it's not only, it's
8:44
not only the, you know, the party of Davos the world
8:48
economic Forum, the UN right in the US, the B Administration
8:52
tried to launch the disinformation governance board
8:55
and the lady that was tasked with running, it was known for
8:59
peddling, disinformation herself and I hate even calling it this
9:03
information I would call it people have differences of
9:06
opinions. Did people have differences in
9:08
beliefs? Let those beliefs go to the
9:11
marketplace of ideas and let's see what idea the marketplace
9:16
decides is more valuable or not. These people can't have
9:19
competition, they want to be the end-all be-all.
9:23
You need to believe everything I say and I'm not going to get
9:26
into the things that that YouTube doesn't like being
9:29
talked about, but just look back in the last two years and you
9:33
tell me 100%. That they haven't misrepresented
9:38
stuff that they haven't lied. So why can't we have free
9:43
discussion? Why can't we have free and open
9:45
discussion and the founding fathers of the United States
9:48
understood this which is why they need the First Amendment
9:52
freedom of speech and they specifically did it allow for
9:56
the government to get to dictate what information is, right?
10:00
And what information isn't right is a very slippery, slope man
10:05
and it's been abused over and over again and it will be a you
10:09
abused to attack. Bitcoin, which is exactly why we
10:13
cover it on the show. The Fright, for freedom of
10:16
speech is the Fright for Bitcoin.
10:19
Freedom of speech is the Frontline and Bitcoin gets to be
10:22
in the back chilling because people are willing to stand up
10:26
and say, listen, I might not like what you have to say, but I
10:30
am willing to die for you to be able to say it anyways, Opti,
10:34
what are your thoughts, brother? Sorry, just choke on my own
10:39
saliva. Anyway, we've been covering
10:41
During the weaves narrative Spin and them fighting misinformation
10:46
for weeks and months and damn near years.
10:48
At this point, like we know that they are trying to stop the
10:52
spread of Truth. And what's the saying, you know,
10:55
truth is like a volleyball. Once you push it under water, it
10:58
will pop back up. But as we say all the time, and
11:01
if you can control what people say, you can control what people
11:04
think and further, if you control the energy, then you can
11:08
control Society, it is all one. A game that they are.
11:12
They're trying to spin and push on you as someone put it in the
11:15
chat, tax them and brainwash them.
11:18
Yes. This is exactly what is going
11:21
on. It's absolutely insane that that
11:24
this is like the clown world that we live in but as you guys
11:28
know, the official denial means the exact opposite.
11:32
So you know, they can deny this all they want.
11:35
But we know what time it is. And furthermore, I watch
11:38
Clockwork Orange the other day, you guys might think this is.
11:41
Really irrelevant, but you guys need to re-watch it again and
11:44
connect the programming that we're seeing in real time with
11:48
how they programmed in that movie, and it's damn near the
11:51
same thing. They avert you to conflict, they
11:54
avert you to confrontation, it makes you feel ill and makes you
11:57
feel scared. It makes you feel terrified, and
12:00
this is what they're trying to do is to instill fear in you
12:04
and, and also Gaslight you. So that you first of all, try to
12:09
avoid the conflict avoid Being for the things that you believe
12:13
in but then furthermore make you feel crazy so that you're just
12:16
the crazy truth or out here and, you know, they continue to do
12:21
all kinds of bullshit out here. So again, the official denial
12:25
means the exact opposite. It's like if they have to deny
12:29
this, then it's very obvious that this is what they're doing.
12:33
I just, I don't know. I, you know, maybe I'm the
12:36
contrarian Bitcoin, or average Bitcoin or out here that just
12:40
sees season Whatever I'm like. Yeah, that's bullshit.
12:43
But again, guys, once the government denies it, you know,
12:47
it's true. So they are definitely out here
12:51
with information Warriors. Trying to make sure you don't
12:55
have wrong, think and wrong speak.
12:57
Because the truth is dangerous to them.
12:59
This is why they need to stop it and shut it down and call you
13:03
guys crazy conspiracy theorist. Absolutely.
13:06
Yeah, dude, 100%. The regime can't have
13:10
individuals. Thinking for themselves making
13:13
their own decisions. It thrives on weak men and women
13:18
that don't ask questions and just follow the official
13:21
narrative, the internet is a threat to that.
13:23
And so is Bitcoin, which is why they're going after it the way
13:28
they're going after it. But anyways, let's move on to
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cloaks.com. Did you think the separation of
14:04
money and state was going to be easy?
14:06
And on, did you think that the state's the powers-that-be
14:09
weren't going to fight back? Well, this is what we're living
14:12
through again, a group of senators Sent a letter demanding
14:20
things. From some of the biggest public.
14:23
Bitcoin mining companies. Let's see what it has to say.
14:27
This is the official press release.
14:29
It says the Energy and Commerce Committee chairman Frank pallone
14:33
jr. A Democrat.
14:35
From New Jersey energy, subcommittee, chairman Bobby
14:37
Rush, Democrat from Illinois, oversight and investigation
14:41
subcommittee. Chair Diana degette Democrat
14:45
from Colorado and environment. Climate change subcommittee,
14:48
chairman Paul tonko Democrat from New York wrote to for
14:53
crypto mining companies today as part of the committee's
14:56
continued oversight of the environmental and energy impacts
14:59
of blockchain Technology. The for committee leaders are
15:02
seeking answers on how each company is mitigating.
15:05
Those impacts. And what steps are being taken
15:07
to ensure these operations do not strain, the energy Grid, or
15:10
undermine or nations climate goals.
15:14
Wait a second, hold on, hold on, a couple things here.
15:18
Signal, none of those, none of those Congress men or women live
15:23
in states that have large Bitcoin, mining operations, you
15:28
could make the argument that Upstate New York does.
15:31
But you see how that ended up they banned Bitcoin mining
15:34
within and with and you know, New York State, they didn't they
15:36
don't they don't want to allow any more Bitcoin mining in New
15:39
York state. So New Jersey doesn't have
15:41
mining operations a little noise doesn't Colorado doesn't have
15:44
any significant one. So why are states and why are
15:47
senators or congressmen from other states trying to dictate
15:50
what other states are trying to do with their energy, little
15:54
weird there. Now the thing about straining,
15:57
the energy grid Bitcoin provides energy grid stability
16:02
specifically with renewable energies because The thing is
16:07
that most of solar, for example is produced at a time where most
16:11
people aren't using that much energy.
16:15
It's produced during the day, most people use more energy at
16:17
night time. So it needs to be stored in
16:19
batteries. Bitcoin is the energy, buyer of
16:23
Last Resort and you can't just increase the energy production
16:29
on a grid at a snap of a finger. You got to have to calculate it,
16:33
but if there's an energy buyer of Last Resort, it could be
16:36
stable. Right?
16:38
Very strange, not to mention underminer, Nations climate
16:41
goals, But Bitcoin mining wood. Increase Innovation, green
16:48
energy because it would allow green energy to exist without
16:52
the need of government subsidy and Bitcoin policy Institute
16:58
coin Center. Nick Carter.
16:59
Before he, you know, did his whole blond hair thing.
17:04
They've all written a tremendous amount of paper.
17:06
There's so much Sailors. Mining Council.
17:10
We we've done the research. We've provided to them and they
17:13
continue to ignore it. What is going on here?
17:16
Will it? And here, there's more signal.
17:18
The letters. Follow a January, oversight
17:20
investigation, subcommittee Committee, hearing on the energy
17:23
impacts of cryptocurrency questions that adverse
17:26
environmental and energy. Impacts of blockchains.
17:29
Here it is that use a proof-of-work consensus
17:32
mechanism What? So they're getting to pick what
17:41
Bitcoin would cryptocurrencies, okay?
17:43
And what is not? Okay, proof-of-work, bad proof
17:47
of stake good. Hmm, and I wonder why that is?
17:53
Well, we covered it this week, proof of steak is very easy to
17:57
capture, you only have to tell the exchanges that you know hold
18:00
the most the majority of the shit coin that's going to be
18:03
staked to say hey you can only run and ofac compliant.
18:07
No. Not to mention the fact that the
18:10
majority of the nodes run on servers which are run by
18:13
companies like Amazon. Like Google, what do you think
18:16
those companies are going to do when the when the government
18:18
knocks on the door? Sure.
18:20
We will run a know. Fac compliant node.
18:23
Of course we will. Proof of work is what keeps
18:28
Bitcoin uncorruptible. It's what, it's what it can
18:33
separates. It takes away the ability for
18:36
people to cheat. For people to change the truth.
18:42
And for some reason, this is the thing that the government is
18:46
attacking that is the really big coincidence.
18:49
Just like the UN, just like the world economic Forum just like
18:53
all the infamous information board.
18:55
This is a really big coincidence that this is the thing.
18:58
They're attacking proof of stake.
18:59
No problem. But proof of work.
19:02
Oh. Of course, they don't get into
19:06
the nuances anyways, however, the energy consumption and
19:08
Hardware requirement to support. Proof-of-work base,
19:10
cryptocurrencies, May in some instances produce severe
19:14
externalities in the form of harmful emissions and excess
19:17
electronic waste. What about cell phones?
19:21
What about When wind turbines, that can't be recycled, what
19:27
about them? What about batteries and Battery
19:31
waste? Why is that not talked about?
19:33
This is again, it's a very big coincidence that they're putting
19:36
so much energy into Bitcoin even though we know based on the data
19:41
from the mining Council might Sailors organization.
19:46
Debt. Over 60% of Bitcoin, mining
19:50
already comes from renewable energy sources, why are they
19:53
focusing on it so much? Given the existential threat
19:58
posed by climate crisis. We are deeply concerned about
20:01
efforts like this that increase these demand for fossil fuels,
20:05
with the potential to put a new strain on her energy grid.
20:07
Texas has shown the exact opposite of that.
20:11
Every time the Texas grid needed more energy, the Bitcoin miners
20:16
shut off. So that is a lie.
20:21
And if you look at California, which is a, which is a state,
20:26
that loves the cold green energy stuff, they have a more
20:29
unreliable energy grid than Texas.
20:32
So what are they talking about? While blockchain technology is
20:37
emerging as a potential important tool in fighting
20:39
climate change, increased Demand on the grid and burning more
20:42
fossil fuel to power proof-of-work, crypto mining
20:44
facilities. Only serves to undermine the
20:47
potential climate benefits of blockchain.
20:50
And hold us back from achieving our climate pollution, reduction
20:53
bowls. Oh, so they're literally letting
20:56
you know that? If it's if it's Bitcoin mining,
20:58
if it's proof of work, it only undermines us and you know what?
21:03
They're right, that it undermines them, but it doesn't
21:07
undermine climate benefits. That's the foot in the door,
21:10
just like the treasury Department.
21:12
Used North Koreans as an excuse to ban or sanction.
21:16
Open source technology. They are using the climate to go
21:21
after Bitcoin mining because they know that they can't
21:25
control Bitcoin. This is the excuse.
21:28
This is the foot in the door and take a look at this.
21:32
This is the demands. Do they actually want the
21:35
answers to these questions? No, of course not.
21:39
This is the excuse How much energy each of the companies
21:44
crypto mining facilities used during 2021.
21:46
How much energy did the banking industry use in 2021?
21:50
What? Mix of the banking industry
21:53
comes from renewable energies. I know for a fact that Bitcoin
21:57
mining uses more renewable energies in the banking
21:59
industry. Why don't they ask those
22:04
questions to them because they can capture and control the
22:07
banking industry? What are the energy sources used
22:11
by utilities? Served each of the facilities
22:13
including the energy mix of each Sailors, crypto car, sorry
22:17
Bitcoin. Mining Council already release
22:20
release this data? What is the proportion of energy
22:24
used that is offset with renewable energy credits.
22:28
In the last 12 months. How many days have the company's
22:31
curtailed crypto mining to support grid stability?
22:33
Wait a second. Hold on.
22:35
If you back up, it literally says that it's a threat to grid
22:39
stability. And now it's saying that they've
22:42
curtailed mining to support grid, stability.
22:45
So, which one is it, bro? Which one is?
22:47
Is it one? Is it the other in 2021?
22:50
What was the average cost per megawatt hour and per
22:52
megawatt-hour profit at each of the companies crypto Mining
22:56
facility. So now Is a problem.
23:00
Just like inflation. It's caused by corporations
23:03
gouging. Prices has nothing to do with
23:05
the government of course, right? Anyways they sent this letter to
23:09
for massive. Mining company's core scientific
23:13
Marathon. Digital Riot blockchain
23:15
stronghold digital Mining. And here is one of the letters
23:19
written in August 17 to 20 20 to Congress of the United States
23:23
House of Representatives. And here is all the questions
23:27
that we went over. And here are the four signatures
23:29
from Congress, men and women. So dude.
23:35
I'm just sick of the lies. Misrepresentations bullshit, we
23:39
know it has nothing to do with climate use.
23:41
We gave them the benefit of the doubt for 23 years.
23:45
Then when Nick Carter when the mining Council, when coin
23:50
Center, when the Bitcoin policy Institute shot out, David's L,
23:53
they all did their homework. They all did the research, they
23:56
release the data. Specifically, the Bitcoin mining
24:00
Council by sailor. They came up with metrics 62% of
24:04
Bitcoin. Mining comes from renewable
24:06
energies. Why aren't other Industries held
24:09
to those standards? Why are they so hell-bent on
24:12
destroying this? Why they ignoring proof of
24:15
stake? It's too many coincidences for
24:20
you to come to another conclusion.
24:23
This is not, this is an innocent.
24:26
This is a malicious attack on Bitcoin mining because they
24:30
cannot control it and it's a threat to their power.
24:36
Proof of work is what makes Bitcoin uncorruptible.
24:39
You can't cheat it, you have to put in the work.
24:46
This is just the first inning, this will get worse.
24:48
This is an excuse anyways. After what are your thoughts?
24:52
Well, first and foremost, bunch of commies everywhere trying to
24:56
control your behavior, and it's absolutely disgusting.
25:00
Mind your business for fuck sake.
25:02
Anyways, remember what I said in the beginning of the show, they
25:05
try to control the energy because that is how they control
25:09
society and like Nico said and we brought the receipt.
25:12
Bitcoin is the cleanest industry period by far but Are there
25:16
Bitcoin is a small fraction of the total energy use and I have
25:20
I have a I have a Meme here that I want to show here.
25:25
It's by Beauty on so you guys can see.
25:30
Bitcoin doesn't use too much electricity when you understand
25:33
the utility has. But saying that is very wordy.
25:36
A picture is worth a thousand words and a YouTube clip
25:39
million. So as you can see here guys
25:42
Bitcoins, a small fraction of energy use even if Even if
25:46
Bitcoin wasn't the cleanest industry, it's not, it's
25:50
negligible, it's like it's like a rounding error and they're
25:53
making a huge point out of this because they know what we know
25:57
Bitcoin is the escape door and they have to control it.
26:01
But furthermore, guys, when we heard about this news in the
26:06
Twitter spaces, we went absolutely bananas and I have a
26:11
few notes that we have from from yesterday and I'm just going to
26:14
rehash them because Is this is the information that I think
26:18
needs to be said, guys, do not bend the fucking knee.
26:22
You came in Bitcoin. You can only ban yourself from
26:26
Bitcoin. So hey, if you want to wreck
26:28
yourself by all means, you know, your you Dems your damn states.
26:36
Have fun staying poor like no, but hold on, I know, I just
26:39
think, I know they're not, it's not, it's not black and white,
26:43
you know, I Democratic senators I know, but all those four
26:47
senators are people that posted that were all Democrats so I
26:50
mobile.com them. So, so, yeah, I mean and that's
26:53
something that I that, you know, and again, guys, we know we, you
26:56
know, that we try very difficult to say that we try very
26:58
difficult, we try very hard to stay, no politically neutral on
27:02
the show. However, however, to backup opt,
27:04
he's Point Opti brings the truth, Nico backs it up with
27:07
sauce, right? You cannot deny and we've backed
27:13
us up on memory previous episodes, right?
27:16
And we've actually, on the shows that we have the progressive
27:19
case for Bitcoin series. That we have, we always, this is
27:22
one of the questions that I always ask, right?
27:25
If you see the biggest political pushback all around the world,
27:29
right? The left-wing parties and Norway
27:32
in Europe and China trying to only really has one party, but
27:36
it is left. And in the United States, they
27:40
have been The worst proponents that mean that they have been
27:43
distraught. The they've been the strongest
27:46
attackers on Bitcoin mining. You can't deny that, that's not,
27:52
you know, taking a political side and like, oh, I support the
27:55
Republicans out and it was the Republicans, the Republicans
27:59
have been against there has been two or three Republican Senators
28:03
that have been against Bitcoin to.
28:04
So it's not black and white, but you can't deny that the
28:07
strongest pushback has been for some reason from left-wing
28:13
parties. And it's unfortunate because
28:17
Supposedly the left is about the little guy.
28:19
This supposedly the left is about the guy that, you know,
28:21
was left behind. So, Bitcoin is the most
28:25
inclusive money. The world has ever seen.
28:27
That protects the little guy from wealth confiscation and
28:30
Wealthy basement. So why are you why are they
28:32
against it? What's going on there?
28:37
Just the thought, what is going on there?
28:39
Very confusing. Does it make sense, right?
28:42
So yeah, it's definitely a troubling development.
28:45
It definitely sucks. But anyways, Opti, hold on.
28:49
I gotta one more Grant. Sorry guys, but these people
28:54
want you back in the stone age's, guys, like you are the
28:57
carbon they want to eliminate I know Niko's going to be like
29:00
look I let me rain back Opti today but man what else can I
29:06
We'll leave but this like Bitcoin.
29:09
As I say all the time Bitcoin, frees Humanity like what better
29:13
use of our time than talking about Bitcoin and sound money
29:17
principles because if we do what we do as bitcoiners then
29:20
Humanity from here on out will be free of this Fiat.
29:24
Enslavement and you know like these people are atrocious but
29:29
furthermore Bitcoin needs. More energy, guys, we need to
29:33
boil the oceans, like we need more energy so that these
29:36
parasites Sites cannot mess with our money.
29:38
This is the point of the energy. Like, proof of work is more than
29:43
just about mining proof of work. In my opinion, is a life
29:47
philosophy, put in the work because the work speaks for
29:50
herself and you can't deny the work behind Bitcoin.
29:53
So Bitcoin needs more energy and I just got to Echo something
29:57
that Nico said in the space yesterday.
29:58
And I thought, I thought it's such a great meme that we that
30:01
you touched on it today, but you didn't put it in the meme form,
30:04
you got it out, meme them and you got it out.
30:06
Truth them, guys. This is why we always bring the
30:10
receipt. I know, I get animated.
30:11
I know, I say the crazy thing and niconico backs me up with
30:14
the true. So I out mean them.
30:16
Nico out truce them, and it's a one-two punch.
30:19
So we got the receipts. Let's go, man.
30:23
This is insane. Absolutely.
30:25
So we before we move on, I want to read this comment by
30:28
Propaganda off. That's great name.
30:30
By the way, they make it quite hard themselves to stay neutral.
30:34
I agree. I agree.
30:36
They They've been making it incredibly hard.
30:39
I really fundamentally believe. That Bitcoin is bipartisan
30:42
doesn't take any political side, it helps everybody.
30:46
So why the most amount of pushback from the political left
30:51
it's not black and white. There are many like Senator
30:53
gillibrand said, Senator Cory Booker that have been proponents
30:56
of Bitcoin. So it's not black and white but
30:58
still the most push back for some reason.
31:02
I haven't quite figured it out yet.
31:04
I have my own beliefs inside but I still want to remain on the
31:09
sent the fence about it. Why has it come from them?
31:15
Just a thought for you guys. Anyways, we're running out of
31:17
time. So let's move on to the Daily
31:20
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31:48
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your tickets to Pacific Bitcoin. Alright guys, so I told you that
32:22
I wanted to talk about something that I it's close to my heart
32:26
and also before I get into it, go to Simply Bitcoin dot news
32:33
and subscribe to our sub stack because we are dropping the Heat
32:37
and we just drop this this article by my boy, at money Tech
32:42
follow him. He's a Savage Bitcoin, ER, but I
32:45
really like this. And I think that this is a
32:48
message that needs to be said, More.
32:50
And so here I am. And it's this this article is
32:53
titled, you're entitled to poverty.
32:55
And here we go. And I'm not going to read the
32:58
whole article, but there's some points that I'd like to touch
33:00
on. And then I'm going to bring some
33:02
receipts from Twitter and we go. Why there may be some
33:05
appearances of Rights of laws and order in the present bubble,
33:08
where you reside the actual percentage of ownership you have
33:11
over your belongings, your life and your creature Comfort.
33:13
My entitled smug friend is precisely zero, the only right?
33:18
You have a Absolutely nothing. And if you guys saw on Twitter,
33:22
there's this guy in Lebanon where he had to rob a bank to
33:25
get his money back and while that may not be obvious, now
33:29
don't worry, it's coming. You'll have fun, staying poor,
33:31
and have plenty of time thinking about those nasty, Bitcoin
33:34
maximalist that been warning you for years.
33:37
If I'm being accurate, it's not have fun, staying poor.
33:40
It's more like we pity you for your lack of understanding of
33:43
the monopolized monetary system, run by the bankers and
33:45
politicians that you vote for. That makes you more and more
33:48
poor every day. And it's going to drive you to
33:51
ruin. Wake up.
33:52
I was once like you, you over educated.
33:54
Idiot can confirm was once an over educated idiot.
33:59
We the Bitcoin Maxis you The Listener simply Bitcoin other,
34:03
sorry suckers trying to wake up your brain-dead entitled as out
34:07
of the zombie 5 lifestyle, you grown accustomed to and fight
34:11
for. Yeah, you're entitled.
34:13
All right, entitled the poverty, enjoy your heaping cup of
34:17
absolute misery. I mean, let's be Beyond as US
34:20
president just signed a bill into law with the title
34:22
inflation reduction act whereby the US government will be
34:26
spending money to do what exactly to reduce inflation into
34:31
absolutely insane. If it's not obvious that our
34:33
friendly, overlords are complete, Liars, or Worse.
34:36
Have no. And have no understanding why
34:38
price Rises, then I just got one thing to say to you.
34:41
Amigo have fun, staying poor, and just, just to end on a note,
34:46
buying Bitcoin is a vote of no confidence for the Monopolistic
34:50
debt-based monetary system Fiat entitles you to rulers without
34:55
rules and those rulers make you poor, they make you financially
34:58
physically, mentally and spiritually.
35:00
Poor Bitcoin entitles you to rules without rulers.
35:04
And those rules make you wealthy.
35:05
They make you financially, physically, mentally and
35:08
spiritually, wealthy Choose Wisely, my poor entitled friend
35:12
choose Bitcoin. I say this all the time
35:16
Bitcoins, N is a feature of Bitcoin.
35:19
There is something about it that literally makes you financially
35:23
physically mentally and spiritually wealthy.
35:25
But as the title said, you are entitled to Poverty.
35:30
There's a lot of, there's a lot of talk out there about
35:32
capitalism is bad and, you know, this and that and how, you know,
35:38
where wealthy from the start. But I want to clear up some
35:41
misconceptions. So, my boy, my text sent me this
35:46
and he said, same energy. And here's a quote from Hans
35:48
Hermann Hospital. And he goes, we explain the
35:51
poverty of many countries by the fact that property rights in
35:54
those countries have for many, many years.
35:56
Sometimes for centuries, not been secure enough for people to
35:59
engage in Saving and the accumulation of capital Bitcoin
36:03
fixes. This guy's Bitcoin is the only
36:06
property you can own. Bitcoin is the only money that
36:08
you can truly own without a middleman.
36:11
But furthermore, as the title is called, you're entitled to
36:14
poverty, and end, this isn't even taking into account the
36:19
This actions by the authoritarians but I got this
36:22
tweet from / by and and this is this is the message that I think
36:25
more people need to hear what causes poverty, nothing.
36:29
It's the original state, the default and starting point.
36:32
The real question is what causes Prosperity there is no answer to
36:36
the question. Why is there poverty, poverty is
36:38
the natural state of humanity? That question that we ought to
36:41
ask is why is their wealth Barb solution to Poverty is to allow
36:49
for Value creation by liberating human Ingenuity and letting
36:53
incentives aligned strangely the path.
36:56
Most often chosen. Instead of ads, burden, on value
36:59
creation, and imposes, additional cause it raises the
37:02
question of the, real intent of these measures, man, does this?
37:06
Not some up perfectly? What we covered in the news and
37:09
we didn't even plan this. It's just, this is how we work,
37:12
man. Poverty has no causes wealth has
37:15
causes and The words poverty is what you get if we do not
37:19
generate. Well, guys, I told you a minute
37:22
ago proof of work is much more than just about mining.
37:25
It is a life philosophy. Poverty, is what you get if you
37:29
do not generate well, or work and just to sum it up in one
37:34
tweet. Capitalism, capitalism is not
37:36
evil. Capitalism is good.
37:38
Let individuals be incentivized to create things to work on the
37:43
free market so that they can provide the It products that
37:46
they want because your natural state is being poor broke and
37:52
destitute, the natural state is poverty.
37:55
The only reason you have anything around you is because
37:58
an entrepreneur capitalist created this product to make
38:01
your life better again. These commies want you back in
38:05
the stone age's and and they don't want you to create things.
38:09
It's absolutely disgusting, continue to create things
38:12
continue to build. I am building because this is
38:17
how you create a better Society saving Bitcoin again.
38:22
Go subscribe to our subset because we're going to continue
38:25
to drop heat and continue to spread this message in written
38:28
form Nico. I do have just a thread that I
38:32
want to cover, but before we get into that, add your thoughts,
38:34
and then bro, we're running out of time, I have to catch a
38:37
flight. So that was the Colts mention.
38:40
I'm just going to mention it. I just want to mention it.
38:42
Okay. So before we go Guys, I put it
38:44
in the thread. There's a, there's a massive
38:47
Thread about Greg Max on the Hottentot versus cover.
38:50
You know what? We'll do back is coming on
38:51
Monday. Becca's coming on Monday, we can
38:53
cover it on Monday. All right, cool.
38:55
Yeah anyways. Sorry guys, I have to catch a
38:58
flight have to not miss it. Okay.
39:00
So first of all, holy shit. Opti daily culture living up to
39:06
its fucking name, bro. Holy crap, dude.
39:10
Love it. Absolutely love it.
39:12
I love that. You gave an angle, you gave Gave
39:14
you woke people up. You pointed it out that they
39:17
have been living in the motherfucking Fiat Matrix, okay.
39:21
You have been conditioned to live in a certain fucking way
39:25
and it's really the system that's fundamentally broken.
39:28
Every human being is indicted in is entitled to wealth.
39:32
If you work for it, you're entitled to earn it.
39:35
You're entitled to live in a world that you earn a money.
39:38
That is it motherfucking stealing from you?
39:40
But you know what, you're going to have to wake up, you're going
39:43
to have to take. Snow responsibility.
39:45
You're gonna have to stop blaming other people for your
39:49
problems and you're gonna have to start taking that
39:51
responsibility responsibility for yourself, you're going to
39:54
have to stop, Outsourcing the storage of your wealth, you're
39:59
going to have to take that back. You're gonna have to learn self
40:01
custody. That's what this fucking show is
40:04
all about. That was fucking Relentless
40:07
optimism during the daily culture.
40:10
I love it. This is what this revolution is
40:12
about. It's about Waking you guys up so
40:15
that you understand that with Bitcoin there is hope.
40:19
But only if you choose to take it and embrace it, it's not that
40:24
you're not getting. It's it's it's it's not someone
40:27
else's fault, it's not the government's fault.
40:30
You now have the tools to take your financial sovereignty back
40:35
and put your energy. Your work.
40:36
Your time into something that can't be debased.
40:40
Can be easily confiscated, can't be can't be.
40:44
Can away from you at the snap of a finger, that's a Bitcoin
40:47
enables you to do. But only, if you take the
40:49
personal responsibility to learn how to do it.
40:53
Now, in terms of the capitalism thing, I know we had fumble in
40:56
the chat yesterday, going back and forth, do this and this, and
40:59
that, and I know that we have a lot of our Lefty friends that
41:02
watch the show, right? So obviously, you know, Opti and
41:06
I are, you know, Libertarians were economically right-leaning.
41:09
So, we have our thoughts, and we have our feelings that hey,
41:11
capitalism is the answer. And I know that A left-wing
41:14
friends. You know, they believe that
41:16
socialism the answer and then you can get into the Nuance of
41:19
how to socialism work work without coercion.
41:22
I don't know, right? Capitalism is voluntary, but
41:25
again, I'm not trying to bash, you know, any political
41:27
ideology, Bitcoin is for everybody and we try to stay in
41:32
the neutral sense. I would love to have this
41:34
conversation again when fumbles here or someone of our Lefty
41:37
friends and at least, it can go back and forth with Opti and
41:41
then I'll try to, you know, try to get in there.
41:43
But yeah, man. I think that Bitcoin
41:45
fundamentally fixes all the differences that we have you
41:49
know, with people that that believe different things
41:51
ideologically, I think Bitcoin fixes 95% of the differences, I
41:56
think if for example, what I think is happening in the United
41:59
States is, you know, the the the the lefties believe that they
42:06
have a solution to the wealth inequality and the righties
42:09
believe that they have a solution to a lot of the
42:12
problems too. Now, the This is in Solutions,
42:15
is they're just different, they're different fixes to the
42:18
problems, but both of them are fundamentally wrong.
42:21
What is broken here? What is causing the wealth
42:24
inequality, which is causing the suffering, is the fact that the
42:27
money is broken. If you fix the money, you fix
42:31
all of those issues. People shouldn't have to be
42:35
working two or three jobs. The right doesn't have a
42:38
solution set. The left has a solution of the
42:40
wealth of this. Alleged left solution to that is
42:42
wealth redistribution, right? People shouldn't have to not
42:46
afford health care. That's absolutely crazy.
42:49
You know, the right is kind of, like, you know, we can make it
42:52
for more free market. I agree that would personally, I
42:54
agree that puts them the prices down.
42:56
The left says, dude, you can't have someone who's really poor.
42:59
And just because they're poor, they can't pay for health care.
43:02
What I would tell you as Bitcoin, or though.
43:06
Is that if you fix the money, you fix the majority of these
43:10
goddamn problems. So, instead of infighting
43:13
between, you tell someone on the left, because I used to do that
43:16
like, oh, it's this, you know, we have to get, we have to get
43:19
the truck back in office. No, no, no, that's not going to
43:23
fix shit, right? And then, the left is like, oh
43:25
man, we have to get this person out of office, you know?
43:27
And it's like, it's like now I've realized you just got to be
43:31
the person that puts the have to do this.
43:33
So you guys could see, you have to put your hands between both
43:35
and be like, yo, yo, It's the money man.
43:40
Stop in fighting. You're fighting your, you want
43:43
to take the money from State, you want to make it so that we
43:46
live in a world where the money that you earn continues to
43:50
increase in, purchasing purchasing power over time and
43:53
you also want to live in a world where that can't be debased and
43:57
it can't be easily confiscated depending on your political
44:00
beliefs and that's what I fight for.
44:02
And that's why we strive to make Bitcoin simply Bitcoin as a
44:06
political as possible. Obviously, we have our personal
44:08
feelings. Things about it.
44:09
So we're going to slip up here and there but Opti holy crap
44:12
that was the best daily culture I've witnessed more of that
44:16
shit. Fuck.
44:17
Yeah. But anyways guys, it's time for
44:19
the favorite part of the show, the meme review.
44:23
Daily meme review brought to you by Citadel 21.
44:26
It's the best Bitcoin cult Rosine its stories articles
44:30
Comics by actual bitcoiners. This is the artwork for volume
44:33
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to Volume 2 is almost sold out because there's only 1000
44:40
physical copies made per volume. So get your prints of Citadel 21
44:44
today before they run out. All right guys, before before I
44:51
get into the meat, Make sure you drop your meme score after the
44:55
memes and of course Nico will you do it?
44:57
Will you do the meme? The like why memes are
44:59
important? Because I can't do that.
45:01
Joe, I got you. I got ya.
45:03
What's the thing you always? Yeah.
45:04
We're living through narrative, trench, warfare hand-to-hand
45:08
combat on the Battlegrounds of the internet.
45:12
If tweets are bullets, memes are artillery and that's why they're
45:16
important. All right, guys.
45:21
So the first Meme is by Stephen Chow at Chow collection.
45:25
And this was, this is a great Simpsons template, but very
45:29
fitting right now. And it's a say, the line bar
45:32
everyone's looking up bar and he goes the Bitcoin maximalist were
45:36
right. And everyone starts laughing.
45:38
Yes, yes, we were right? And we continue to stay, right?
45:42
This next one is by Raymond Reddington.
45:44
I really love this energy and he just goes keep stacking.
45:48
And the meme goes one day 1 million sets will suffice in
45:51
this. Warrior with laser eyes.
45:53
But today is not that day. Continue stacking continue to
45:58
stay humble. Continue to provide the value.
46:01
This is why we do what we do save in Bitcoin guys, this is
46:04
the way anyways, the next one is pi hat, get the stones and you
46:07
go meth heads, trying to implement a uas f, and it's an
46:13
office template, and what's is Michael Scott?
46:16
And he goes, I declare you a SF and I forget what this guy's
46:19
name is you guys. I just want to let you know that
46:21
you Can't just say, you ASF and expect anything to happen.
46:25
You have to be running or like I like to say using a node and
46:29
then Michael Scott goes, I have an Amazon Prime membership.
46:33
Remember that? Jeff Bezos is the biggest node
46:35
runner on eith. The next one is by at best
46:38
Bitcoin memes and he goes Satoshi Nakamoto after they
46:42
mined the first Bitcoin and here you can see the Genesis Block in
46:46
the background. And we got Gandalf from The Lord
46:48
of the Rings. And he goes, things are now in
46:50
motion that cannot be Undone. Yes, try to shut down Bitcoin
46:55
all you want but you can only ban yourself from Bitcoin
46:58
Bitcoin incentives. Stay winning.
47:00
And then here's another great one by at Beauty on.
47:02
And it goes how Bitcoin will be distributed into the economy and
47:06
let's see. Yes, this is the way that
47:09
Bitcoin will get distributed. It will find its way to
47:13
everyone. And anyone soon enough, the next
47:16
one is by my buddy, TC at meditation, man.
47:20
And I really like these These templates that he's using, he's
47:24
using ancient, you know, old old art proof-of-work style artwork
47:29
and adding Bitcoin content on top of it and he goes goddess of
47:33
ultimate power time and monetary change as Divine protector.
47:36
She destroys evil shit Corners in order to protect the innocent
47:40
and bestow Liberation to all Bitcoin.
47:42
Kylie, where's the heads and weak hands of defeated foes to
47:45
prove her righteous work and you can see.
47:48
Bitcoin Kylie. She's got a cold card, a bunch
47:51
of lolz As our eyes and it says have fun.
47:54
Ha ha ha Yuki's. Not your coins, go fuck yourself
47:58
scammer, 21 million. This is the the, the math behind
48:05
the blocks block, subsidy or not Bob sux, except the distribution
48:09
of Bitcoin. And as you can see the heads of
48:12
all the scammers and Bitcoin critics of funny.
48:15
All round the Bitcoin, Callie, great meme, great Meme.
48:19
And then one last one, guys, this is by a belief.
48:22
Ito Panama and he goes this encounter actually happened and
48:25
you can see this this meth head, you know, and PC and then the
48:29
Bitcoin and he goes man I wish I was more like that guy, remember
48:33
what I tell you guys beat the shining example of what it means
48:36
to be a Bitcoin maximalist and people will want to be like you.
48:40
Anyways man I wish I was more like that guy eats says to a bit
48:43
cleaner but he probably wishes. He was more like somebody else
48:46
to that. You've guy says and then the
48:48
Bitcoin or says holy shit. I'm glad I'm me, I'm expecting.
48:52
Glad, I'm not that guy looking at the, he's guy.
48:55
Yes. Yes, can confirm very glad.
48:59
I'm me, very glad. I'm not a shit coiner.
49:02
Anyways, my meme score for today, is this half trinket
49:08
lime, Seltzer sell, see, boys in the house.
49:12
It's non-alcoholic guys. It's just, it's just, you know,
49:15
it's soda water. So I can get the carbonation
49:18
feeling, and I avoid drinking Coca-Cola, because I'm addicted
49:21
to that. That's tough.
49:22
Yeah, dude Coca-Cola's Delicious By the way that brand pelota is
49:26
Venezuelan. Just so, you know, anyways for
49:29
those awesome memes, I'm going to give it.
49:33
These are my old headphones that you guys were used to seeing me
49:36
for so many years. These are the gun metal version.
49:39
It's in Gray. It's badass.
49:41
I thought it was cool. Anyways.
49:42
I needed I needed the new Ox plug-in because I lost the old
49:46
ones. So I had to order new
49:47
headphones. It absolutely sucked.
49:49
But anyways, guys, this is simply Bitcoin So you can rate
49:53
the meme yourself, put it down in the chat and make Opti feel
49:58
uncomfortable, make us read, shit that we don't want to read.
50:01
Anyways. Do do do guys, you're supposed
50:06
to put your meme as you know I told you before.
50:09
No, no, what? No one wants to.
50:11
All right, going once. All right.
50:12
All right. Go in twice.
50:14
It go in there. He's got to get a flight.
50:16
Will cut this one short guys you know the deal Put Your Meme
50:19
score in the chat and we will we will we will put it on the show
50:22
and make Nico feel uncomfortable because I just laugh.
50:25
Yeah he just laughs. Anyways oh wait we got pleb
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seed on steel and there's no better place to do it.
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50:58
All right, we got some memes course, yojana says we got a
51:01
delay. We got a delay on the meme
51:03
scores. We had We do a Genesis.
51:05
I give those memes that bubble of I'm glad I'm not that guy,
51:08
Bitcoin Becca. I give those memes a hot or not.
51:11
Shout out. Andrew, I give those memes dead
51:14
space. That's a great video game.
51:16
I gave those memes a jug of Nico juice.
51:19
Okay. I don't know what that means,
51:21
but great great. Alright, they want they want
51:24
they want to actual product. That is like Nico sauce or Nico
51:28
G. We will do, it will be part of
51:29
the merch. It will be part of the merge.
51:32
All right, we're back. And we are, we're continuing to
51:37
tell you guys to go to defending BT c.com go, help the Space Cat
51:43
himself and make sure that he makes it through this battle
51:47
against fake Toshi. So guys, and before before I go
51:51
off, there was dang, did that in?
51:54
Okay, remember the thread that I put in, in the chat, go read the
51:59
description and YouTube but there was there's a point in
52:02
that thread that I wanted to say.
52:04
Say, and I will say it right here in regards to defending BTC
52:08
and helping the Space Cat hashtag.
52:10
We are all hot or not and this is my at Beauty on.
52:12
He's quoting Greg Maxwell and it goes is the Bitcoin Community
52:15
boundlessly willing to attack itself.
52:18
But far more indifferent. When it comes to external
52:20
threats, guys, we need to protect the space cat at all
52:25
costs. He needs to win this and you
52:29
guys need to donate some money. I already donated and this is
52:32
why we are continuing to spread the sea No, go to defending
52:35
BTC.com. Yep, we will continue pushing
52:39
this. We will continue letting you
52:40
guys know, remember the attack on bitcoin the attack on the
52:44
space cat is an attack on all bitcoiners.
52:47
This is scw and cavan Diaries attempt to intimidate, and
52:51
instill fear in the community, for not speaking out and calling
52:55
bullshit. They're trying to silence you.
52:58
That's why the case that hot or not is currently enduring in.
53:02
Norway is so important. Portent.
53:04
If we are able to defeat this person, it's a big win for the
53:08
Bitcoin Community, which is why it's really important for you
53:10
guys to visit defending BT, si.com.
53:14
Also, I want to give a very special shout-out to our awesome
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sponsor. Represent LTD.com, he makes some
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of the most comfortable merch. He makes Bitcoin marriage.
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You see that the orange bill represent trust no one.
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He's making simply Bitcoin merch.
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I like to wear the militant camo hoodie because it makes me feel
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like I'm in the revolution. It was good.
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You can take advantage of the promo code down below to get 10%
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off, represent LTD.com. Alright guys, that was simply
53:43
Bitcoin, don't forget to join our awesome telegram group,
53:48
that's where you could link us. Bitcoin memes to review, visit
53:51
t.m e /, the simply Bitcoin Channel.
53:56
You could join us. You can hang out.
53:58
You could link us memes. Will try to feature them on the
54:01
show. It's awesome.
54:03
You definitely don't. On to miss it.
54:04
Also, a shout-out to our researcher Hans.
54:07
Shout out to producer, Jacobs helps us with Twitter spaces.
54:10
We love you all. Don't forget to smash that like
54:13
button. Subscribe if you feel like the
54:15
show provides you value. Remember guys, we are your
54:18
number one source, for the peaceful Bitcoin Revolution.
54:22
It's going to get hairy in the coming years, but we will be
54:26
here trying to hold your hand along the way, trying to get you
54:29
guys the signal, not the noise, enjoy your weekend and we will
54:33
see you on Monday. Day with Becca for a brand new
54:36
episode of Simply Bitcoin.