Latest / Simply Bitcoin / The Real Reason Why a Bitcoin ETF has NOT Been Approved | EP 490
Transcript
- 0:04Welcome back, everyone. It is the weekend recap.
- 0:07We are simply Bitcoin. We break down the news, the
- 0:10daily fail mean review, software releases Hardware, releases and
- 0:14the pleb sites. All right, Nico, let's dive into
- 0:17the Numbers number time is brought to you by te not all
- 0:21they make some of the best Bitcoin notes like the novel
- 0:25Dojo, it's in red. That means it's faster.
- 0:28Run your own version of Bitcoin. Core and the lightning Network
- 0:31all in the comfort of your own home.
- 0:33Remember guys, if you don't run your own Bitcoin node, you're
- 0:36trusting someone else's. And that's a big No-No for
- 0:39privacy. So get yourself a novel today at
- 0:41the time of this recording, the block height is 730. 6535 the
- 0:45Bitcoin price 30 1235 chain rewrite day, 736 total, public
- 0:52lightning capacity. 3700 98.9 T9 Moscow, time, 30 Two blocks to
- 1:01the having a hundred 3464 end. The samurai Whirlpool unspent
- 1:07capacity, Samurai Whirlpool is a coin or collaborative spend.
- 1:11It is not a mixing service and the unspent capacity from that
- 1:14pool is 4750. BTC Nico, the very continued
- 1:23uneventful numbers that continue to uneventful numbers we took
- 1:27out we were it looks like we're channeling.
- 1:29We're Holding steady at that, you know, 29 to 31 level.
- 1:35But again, the the FED is tightening, right?
- 1:38They are raising rates, you know, and they're they're
- 1:42lowering their balance sheet, which is just a very fancy way
- 1:44of they're slowing down the printing of money.
- 1:47So yeah, man, I don't, I think that if they continue on this
- 1:52pattern, I, you know, it might be might get a little bit worse,
- 1:56you know, whether you like it or not, but coin has been
- 1:59correlated to To the NASDAQ. It's been correlated to SMP so,
- 2:04you know, if the NASDAQ SMP fall.
- 2:07Unfortunately, in this moment in time, so does Bitcoin, I think,
- 2:10in the in the future it will decouple but not as of yet.
- 2:14Anyways, I have some really interesting data though because
- 2:17I think a lot of people pay attention to the price but we
- 2:20always say on the show which is why we don't speculate which is
- 2:22why we don't pull up price, charts or anything.
- 2:25We like to focus on the signal. I think this is there's a lot of
- 2:28signal, right? If you actually pay attention
- 2:32to, the hash red took a little bit of a tumble, but if you take
- 2:34a look at the hash rate, if you take a look at the lightning
- 2:36network capacity, it keeps making all-time highs, right?
- 2:40And this I think is a really good indication of the growth of
- 2:44the Bitcoin Network. And essentially what this chart
- 2:47is is the number of addresses with .01 Bitcoin and the reason
- 2:51that I say this is an indication of the growth of the Bitcoin
- 2:54network is more wallets, right? More addresses with the Bitcoin
- 2:58balance you could assume These are people stacking individual
- 3:01stacking. And again, this is reaching an
- 3:04all-time high, right? And the last time we don't want
- 3:08to say it's parabolic yet but the last time we saw a very big
- 3:11parabolic W rise was the 2017 blow off top moment, as you can
- 3:17see on the Orange Line, it just went parabolic and then people
- 3:20slowly started to sell right here, even though we had this
- 3:24big collapse, right? Which, in my opinion, it was
- 3:28partially because of Luna. It was partially, because the
- 3:31Fed was raising rates. People just continue to stack,
- 3:33but it wasn't only the people holding point zero one Bitcoin
- 3:37people holding point one Bitcoin, or also stack in as
- 3:40well. Right?
- 3:41Continues to go up the little bit bigger people holding one
- 3:44Bitcoin. Also continues to go up, holding
- 3:4710 Bitcoin. It's going a little sideways,
- 3:51right? So you can see the bigger
- 3:53addresses aren't as accumulate are accumulating as big as much
- 3:58as the smaller addresses. This is a Is with 100 Bitcoin,
- 4:01right? So it's not that it's going
- 4:03down. It's pretty much staying the
- 4:05same and whales are addresses with 1,000 Bitcoin or more here
- 4:09because there's not such a large amount.
- 4:12You could say these are exchanged wallets, you could
- 4:14say, you know, there's a what I'm trying to say is there's not
- 4:17a lot of individuals with this amount of Bitcoin, right?
- 4:20So you can see it went up a little bit here but you could
- 4:24have said that is a exchanges rebalancing their stuff.
- 4:28So I don't really like to Pay attention to, you know, balances
- 4:32of 10K, or 1K Bitcoin or more. Because I don't know what
- 4:35percentage of those could be exchanges.
- 4:38But with addresses or with a hundred Bitcoin or less, right?
- 4:41You could surmise that those are people with Bitcoin, those are
- 4:45individuals with Bitcoin. So here it's pretty much steady
- 4:49with 10 Bitcoin. It's pretty much steady with one
- 4:51Bitcoin. It's pretty much steady but the
- 4:53plebs, right? They're stacking like crazy
- 4:56people with one Bitcoin, they're stacking as well people with .01
- 5:00Bitcoin their fucking stocking like crazy crazy.
- 5:03So and and my, you know, again unlike a lot of you know, our
- 5:09friends, right? That do the whole chain analysis
- 5:13and you know the block. They look, they look at all that
- 5:15stuff. Look in my opinion that to me
- 5:20that looks like peep that is the growth of the Bitcoin Network.
- 5:22Those are individuals that are continuing to Continue to stack
- 5:26into freedom and that goes all the way up to one Bitcoin, once
- 5:30it gets to 10 Bitcoin or more, write it, you know, that, that
- 5:32kind of starts going a little bit sideways, right?
- 5:35So, just some really interesting data, you guys could surmise
- 5:38what you want from it, but to me that represents growth that
- 5:41represents at the fundamentals of Bitcoin or just getting
- 5:43stronger. So if you put the noise aside,
- 5:46which is, you know, the recent volatility, right?
- 5:48It's never been a better time to stack.
- 5:50Anyways. Phil what are your thoughts?
- 5:52Yeah. Now I think look, I think what
- 5:54we're seeing is Healthy. And what we're seeing makes
- 5:57sense. Because look, I mean it let's
- 5:59face it. Not that I want to assume the
- 6:01way that anybody lives, but if you have more than a hundred
- 6:04Bitcoin or more than 1,000 Bitcoin, most likely, you don't
- 6:07really need to stack at these levels and to your point, right?
- 6:101,000 or more. Bitcoin is most likely an
- 6:12exchange, but as an individual rights, is the individual like
- 6:15their desire to stack really hard.
- 6:18I'm not sure that that they're really feeling that you know
- 6:22like not the same thing as those of us with, you know, Bitcoin or
- 6:25less? Yeah, the the desire.
- 6:27So, I think what we're seeing is healthy, it's natural.
- 6:30Look, especially if we look back at the price action.
- 6:34Last year, at this time, I think we were in the 40s.
- 6:38I think we were like, in the 40K region.
- 6:40So we're actually below where we were last year at this time.
- 6:44And at this time last year during the, you know, like the,
- 6:48you know, we were building up. So the media was building up,
- 6:51there was a lot of news, so a lot of those people who started
- 6:54to pay attention. Now who maybe didn't get in are
- 6:57taking a look at the price level in our.
- 6:59Like, you know what, this is a lot better of an entry point for
- 7:01me, you know? And, and that's happening also.
- 7:04So at least that's the way I'd like to imagine it the other.
- 7:07The other thing I wanted to say, had to do with your previous
- 7:10point about the, you know, the the FED tightening rates.
- 7:14So sometimes I shouldn't say sometimes, but often right, we
- 7:19say that Bitcoin is, you know, is like a hedge against
- 7:21inflation, but then people can also make the argument while if
- 7:24that's the Case then why, you know what I mean?
- 7:26Like, why isn't it going up? Even though because the money
- 7:29printing, even though they're slowing it down, they're still
- 7:30doing it. The money is still being
- 7:32devalued, go look at the debt clock, that's still all
- 7:34happening, you know, it's not like that's pausing.
- 7:37So, you know, the point I'm trying to make is that right
- 7:42now, though, we are still in Bitcoins growth process.
- 7:45I believe that we are still transitioning out of the what
- 7:49you'd say, like, a a collector, a collector's item, right?
- 7:53Like, we are still trying, Positioning from the collector's
- 7:56item into the medium of exchange and we're and obviously the
- 8:02store of value. So it's really interesting at
- 8:05Bitcoins present time where we're at.
- 8:08So right now a lot of a lot of the themes that we may say
- 8:11sometimes, don't seem to correlate immediately but when
- 8:15we zoom out and we look at the bigger picture, it works
- 8:18perfectly fine. You know when we zoom out we
- 8:20look at the bigger picture Bitcoin has destroyed as
- 8:24essentially. Destroyed the rate of inflation,
- 8:26right? If you held in Bitcoin, you did
- 8:29just fine against inflation anyway in the last two years
- 8:32Bitcoins up. Pretty much a thousand percent.
- 8:36You're absolutely right. If you held onto Bitcoin and you
- 8:39know, you you try to zone out the recent volatility.
- 8:44You're still upright. So I think that's the signal
- 8:47right there as much as they would want you to believe.
- 8:49Oh, it's, you know, it's, it's look, I always say this, right,
- 8:53Fiat at they say, It's stable, but I think that's, that's diss
- 8:57enjoying their disingenuous because okay, so their goal was
- 9:02to percent, right? But that compounds over time,
- 9:05right? And it's like you're slow,
- 9:07you're moving, you're losing money slowly ever, so slowly
- 9:10that you don't notice, right? Whereas, in Bitcoin yet, but I'd
- 9:14be volatile but it's volatile in the up direction, right?
- 9:18So it's like that, those are your two choices.
- 9:20You have something that's more stable and this year it's not
- 9:23we're, you know, we have a Percent inflation in the United
- 9:26States. I know it's a lot worse than
- 9:27other countries but it's still losing money.
- 9:30Even in the best year, it's designed to lose money.
- 9:33Whereas, in Bitcoin, it's designed to go up to get, go up
- 9:36forever. Right?
- 9:37There's a set amount, 21 million and not to mention the having
- 9:41every four years, right? That literally causes a supply
- 9:44shock. So, yeah, man.
- 9:45It's, it's some crazy stuff, crazy, stuff to say, the least I
- 9:50was going to say the goal is to percent but I mean, come on.
- 9:53Like we know what's Meaning that it doesn't matter that the goal
- 9:58is to present. The point is, is that it's built
- 10:00in its built-in that it just fucking goes down all the time.
- 10:04Yep. That's insane.
- 10:05That's insane that. Anybody agreed to this shit,
- 10:08dude. We didn't agree to this shit.
- 10:10That's the fucking crazy part. But anyways, Phil it's time for
- 10:13that daily fail brought to you by Swan.
- 10:16Check them out Swan Bitcoin.com. That's right.
- 10:21It is a Bitcoin. Stacking platform.
- 10:25Fellow plebs. The best way to stack your corn,
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- 10:32nap soon to come. The link is down below.
- 10:36Gotta give a shout out to core Eclipse then because he has
- 10:39absolutely been destroying thus troying, the shit coins.
- 10:43I know that Nico called or is Cory replacing you, Phil is
- 10:46gauri the shit coin Slayer. Whoo, he's beyond the Slayer, he
- 10:52is like the shit coin Destroyer. Okay, orry the shit coin
- 10:57Destroyer. He's like these the like there's
- 11:00nothing even left when he's finished.
- 11:01All right, I look at Luna Luna today, okay?
- 11:07Because we've talked about Luna way too much, we are going to
- 11:10what's lunar, right? Exactly, that's exactly it
- 11:14though. That's exactly the point.
- 11:17Okay? So, what we're going to Pivot
- 11:18the little bit. We're gonna pivot a little.
- 11:20All right. Cory tweeted this out.
- 11:22This is from Celsius Network. Now, look, normally, I do this
- 11:24whole big thing where we I've into what Celsius network is and
- 11:27all kinds of stuff. The, the point of it is to make
- 11:30it simple. They re hypothecate your big,
- 11:33your Bitcoin. It's just like block Phi.
- 11:35So you go, you move your Bitcoin to their their platform.
- 11:38You do it in an app or their website and then after that by
- 11:42leaving it there they pay you a certain interest rate on the
- 11:45amount that you hold there. And then eventually what they
- 11:48did was they introduced their own shit coin.
- 11:50Okay. Which is very much like a bit
- 11:52connect kind of thing and very much like even a Luna kind of
- 11:55thing, they have called That's right.
- 11:59And anyways after they did that, it's all the same typical type
- 12:05of stuff like blocked by. So the rehypothecation paid a
- 12:08rehypothecation Bitcoin. Anyways, the point is, let's
- 12:11take a look at this tweet and this is why we tell you that,
- 12:14you know, this this interest rate that they're paying you,
- 12:16okay, Bitcoin on average just holding, it gives you two
- 12:19hundred percent annual, you could be safe and you can
- 12:24minimize the risk just by holding it yourself.
- 12:27Take self custody and you can quote unquote earn yield against
- 12:31our devaluing shitty currency and I when I say earn yield, I
- 12:34mean earn value. Anyways, let's take a look at
- 12:38this tweet. This is from Celsius, it's not a
- 12:41tweet from Celsius. It's a tweet from Corey, but
- 12:43it's part of the Celsius website.
- 12:46Talking about what happens to your digital assets when things
- 12:50go horribly wrong in the event. That Celsius becomes bankrupt
- 12:54enters liquidation or is otherwise unable to Pay its
- 12:57obligations, you may not be able to recover or regain ownership
- 13:01of such digital assets and other than your rights, as a creditor
- 13:06of Celsius. Under any applicable laws, you
- 13:10may not have any legal remedies or rights in connection with
- 13:15Celsius obligations to you. So that is scary stuff.
- 13:21That tells you that right there, God forbid, anything happens to
- 13:24this company, whatever digital assets that You had their quote
- 13:27unquote, learning, you interest are just gone.
- 13:32Okay, there is absolutely no. Insurance has no guarantees.
- 13:38Anyways, Nico did you did you ever did you know about these
- 13:41guys before Celsius? Supposedly it was started by
- 13:44Alex machine ski who claims that he created the VoIP protocol.
- 13:49The voice over IP protocol. I don't know how true that is
- 13:52but that's supposedly that that's him.
- 13:54Okay, yeah Celsius, so I've heard of them but I dude I
- 14:01didn't know what Luna was like a week ago.
- 14:05The first time was like, Luna was like Apparently that was
- 14:08important. So yeah, I mean I'm just out of
- 14:11the shit coin Loop. Does it surprise me?
- 14:13Absolutely not coinbase. Get kind of caught caught with
- 14:16their pants down as well similar wording.
- 14:19If we go bankrupt and we're custody in your Bitcoin, you
- 14:22know, we're not responsible, Brian Armstrong freaked out, he
- 14:28had to do some damage control, did it a thread on Twitter,
- 14:31which you covered by the way? And yeah it's just, you know,
- 14:34look if that's not a good advertisement.
- 14:37But as to why you should self custody, I don't know what is
- 14:41self custody or Bitcoin take that power into your hands.
- 14:45You've never been able to hold that power before 2009, anything
- 14:51you've possessed. Whether that was cash or that's
- 14:54gold. The balance of power, was always
- 14:58in the direction of the mob is always in the direction of the
- 15:00state. But with Bitcoin, you can
- 15:02memorize that. I don't suggest you do this.
- 15:04But you could you know, store it in.
- 15:07In a very bad case scenario, those 12 or 24 words in your
- 15:10mind, and makes it very difficult for someone to get it
- 15:15out of you. Right?
- 15:16And not only mention that, not only, not only that, but you
- 15:19could also multisig where you can store your keys and
- 15:23different geographical locations, that moves the
- 15:26balance of power in the return of violence.
- 15:29Completely in your favor before Bitcoin, that was never the
- 15:32case, use that power. And when you give up custody of
- 15:35your Bitcoin, you're shooting yourself in the foot
- 15:40metaphorically. Anyways, Phil what is the next
- 15:43fail? Get ready, get ready, we are
- 15:45about to go on a journey, okay? And it's a journey, a journey
- 15:49into the future and into outer space Nico.
- 15:52Where the yeah, the world is about to get so much better.
- 15:57And here's why here's why Welcome To Mars.
- 16:01I own everything. Have total privacy and life has
- 16:05never been better. Does that sounds like something
- 16:07that interests you Nico? That sounds like the fucking
- 16:11that literally sounds like I owe nothing.
- 16:14I'll be happy. Like it, literally it like it's
- 16:17just that that article traumatized me so much.
- 16:21I just remember right off the bat, When someone tells you life
- 16:25has never been better. That is usually a bad sign.
- 16:29I swear, Nico just the title. I was like, I have to read this.
- 16:32I'm like, I know this is gonna be some shit.
- 16:34And I gotta tell you, man, we are not going to be
- 16:37disappointed. This Okay welcome.
- 16:40Welcome to my city or should I say our city?
- 16:42Because I like every every other inhabitant m, a stakeholder in.
- 16:47In God, my city on, Mars has a decentralized governance
- 16:51structure. Just like the greater Mars.
- 16:54It's not even mean it was a greater Mars.
- 16:57Anyways, we have police that spread peace.
- 17:01Instead of violence, we have Financial systems that spread
- 17:04wealth, instead of creating poverty, we have institutions,
- 17:08That are open instead of closed and transparent, instead of
- 17:11secret, all of which makes corruption practically
- 17:14impossible. Our institutions, our bottom up
- 17:17and people-powered instead of top-down and authoritarian Nico,
- 17:21everything's just amazing in this Utopia.
- 17:24It's just awesome decentralized government in our world.
- 17:27It makes perfect sense for everyone to say they own
- 17:30everything. Everyone owns everything, Nico,
- 17:34every product, that service. At least all of the most
- 17:37important ones is I did buy a decentralized organization an
- 17:42organization that no one person or group controls that anyone
- 17:46can acquire a stake in. Sorry we live in an abundant
- 17:54World. Thanks to technology, far beyond
- 17:56with you have on Earth. This is because on Mars.
- 17:59All technology is open source. All of this is made possible.
- 18:03Thanks to an Advanced Financial operating system that emerged in
- 18:072022. So we were not talking about
- 18:10Bitcoin that enabled people to profit from the creation of Open
- 18:14Source software. A piece of software was released
- 18:18that made a peer-to-peer economic system with no barriers
- 18:22to entry available to everyone for free and quickly spread
- 18:28virally. the foundational elements of this system was
- 18:33fearless and upgradeable smart, contracts Nico, But free and
- 18:39they're upgradeable. All right, earlier versions of
- 18:44these Block Chain networks had been released.
- 18:46But they were often very energetically wasteful Bitcoins
- 18:51bad. We're gonna fix Bitcoin.
- 18:54Have I got a shit coin for you. This new platform, however, was
- 18:58entirely felis and highly efficient smart contracts, that
- 19:02allowed people to cast votes, create different kinds of money,
- 19:05and even share their thoughts, publicly could Be created and
- 19:09used for free. That's right.
- 19:10Your public thoughts should be money.
- 19:12All of our thoughts should be tokens.
- 19:14Tradable tokens, So, here we go. Who was this wonderful Story?
- 19:19By it's wonderful story was by Arthur.
- 19:21Levine is the CEO of koi knows group.
- 19:24A team of Industry veterans, accelerating decentralisation
- 19:27through, accessible blockchain technology, they're foundational
- 19:29product, is coin owes, a free to use and infinitely, upgradable
- 19:33blockchain with universal language support.
- 19:37So that's right, wrote the article about this utopian
- 19:41creepy future, where he's the head, you know, the CEO of the
- 19:45company that The shit coin, right?
- 19:48And everything is wonderful. So let's go take a look at it.
- 19:51This thing is going to be a rug pull very very soon.
- 19:54Okay. So here we go.
- 19:55This is the coin ousmane, net! Boom!
- 19:58We've got all the makings of something that's incredibly easy
- 20:01for everyone. No barriers for users.
- 20:02No barriers for developers. No barriers for upgrades.
- 20:05Everything's amazing. Everything's great.
- 20:06Is all just works links free. You might say, okay, but this is
- 20:11the best part. This is how we know, this isn't
- 20:14going to end up being a rug pull.
- 20:15Okay, so it's consensus is decentralized efficient?
- 20:19Okay, and minimal Hardware requirements.
- 20:21Well, that's good. Thus taking this is the good
- 20:24part. Guaranteed yield low effort no
- 20:27Hardware requirements and they've got governance Nico.
- 20:31Okay, so we've got all this really good stuff and then okay.
- 20:37Yeah man, this is, this is so ridiculous.
- 20:39And then the best part, It is this, I want everyone to end
- 20:43with this thought we want the block producer to have the same
- 20:47skin in the game that they do in a proof of work system without
- 20:51requiring that they actually do the work.
- 20:57Now, that sounds like some bullshit.
- 20:59That sounds like some big bullshit Nico.
- 21:02I want you to have the benefits of proof of work, but you
- 21:04shouldn't have to do the work. Remember how I told you.
- 21:07I'd like to hear how I told you many times on this show.
- 21:10Show this shit coiners. Remind you remind me of
- 21:13communist. There you go.
- 21:15They literally ripped the you low nothing can be happy world
- 21:19economic Forum article that they ripped from the internet but we
- 21:22still have it by the way. They they took out all the
- 21:27Communist stuff they put in their shit coin in there and
- 21:30they put Mars let me tell you about Mars, okay, it's awesome
- 21:34that you launched going okay, very cool stuff he's going
- 21:37there. I think as a species we need to
- 21:38do that. But me personally Only I like
- 21:41Earth. Mars literally wants to kill
- 21:45you. There's no air, there's no
- 21:46atmosphere. It's really fucking cold there.
- 21:52It's a chicoine Marxist. A chicoine planet, that doesn't
- 21:56mean you should go to Scott like it, you know, investigate
- 21:58explore. Yeah, go do that stuff but I'm
- 22:01not doing it. So like yeah man.
- 22:04Like okay go have their Utopia on a fucking dead Planet.
- 22:08You want to give this guy money you like dude it's crazy.
- 22:11And whoever thought copying the, you own nothing and beat if he
- 22:15happy or article was a good idea.
- 22:18What is if you invest in that You deserve to lose money,
- 22:23guaranteed yield. I mean this connect really what
- 22:28is that dude? That is so dystopian.
- 22:30That's a joke that has to be a joke.
- 22:32There's no way that's real the road so many.
- 22:36Come on, they literally injected shit into a mouse and made a
- 22:40token out of it. No they took the don't worry
- 22:42don't you want nothing. Be happy.
- 22:44One of the most unpopular articles on the face of the
- 22:47internet here if that There's certain shit like, oh my God.
- 22:54What is wrong with these people, bro?
- 22:56You know what? I didn't cover it in the article
- 22:58but they have this great mechanism, right?
- 23:00Right, because it's not proof of stake.
- 23:02And obviously, they don't like proof-of-work, it's proof of
- 23:05burn. Okay?
- 23:08It's incredibly efficient and this is how it works, Neco, you
- 23:12send your tokens to an address. That's not spendable.
- 23:14Hmm, this is, I, I mean, the breakthroughs, they just keep
- 23:18coming and and really this To be money, this needs to be the
- 23:21future and we need to be invested in the money of Mars,
- 23:25which this will not be this along.
- 23:26The rug pull, this will be a rug.
- 23:28Pull on Earth, don't get me wrong.
- 23:29It'll pull here. Mars is watch the movies.
- 23:40We have to go to get it. It's just like living like dude,
- 23:43you have to terraform it like it dude.
- 23:46It's awesome. It's like it's like living in
- 23:48Antarctica, dude. That's just not fun.
- 23:49Yeah. Have to fucking live in a bunker
- 23:51basically. Like you know those little
- 23:53things right? So I don't think money is gonna
- 23:55matter there for very long ago. It's gonna take a while before
- 23:59it before people start giving a shit about the money.
- 24:01What it is, it's more about survival at first, right?
- 24:06Oh man, yeah, and the shit cleaners are out building.
- 24:09Block chains and on Mars, right? Everybody else is trying to
- 24:12survive. Everybody else is like following
- 24:14maslov's pyramid, you know like and they're sitting there like
- 24:17we should build a blockchain out here.
- 24:18Look I'm not even gonna try to You guys, if you want to invest
- 24:21in that, you deserve to lose money, that's all I got to say
- 24:24like, sorry, not sorry, it's dystopian, it's really
- 24:27dystopian. But anyways, Phil it's time for
- 24:29the daily meme review, brought to you, by Citadel 21, they make
- 24:33the ATV best Bitcoin cult Rosine it's stories articles Comics by
- 24:38actual bitcoiners. Every volume has different
- 24:41artwork by a bitcoiners, the artwork for volumes and it just
- 24:44came out and I'm sorry. Vol 11, just came out.
- 24:47This is artwork for it and this is artwork for volume 10.
- 24:50Yeah, and they're scarce, there's only a thousand physical
- 24:52copies made per volume. Get your prints of Citadel 21
- 24:55today before they run out. All right, everybody, Welcome to
- 24:58the meme review. We review.
- 25:00Bitcoin means we are living through narrative, trench,
- 25:04warfare, and memes. Serve a purpose.
- 25:06They, they serve an essential role, their weapons of
- 25:10information. Anyways, let's check this out.
- 25:13This is a, this one isn't really a weapon.
- 25:19This one is by we have to give credit by Planet Boop and it was
- 25:22posted by EB underscore and underscore the underscore house.
- 25:28Come on, do something? No, not that I it's true, it's
- 25:34true. Alright, um is by KO Infinity
- 25:36few, this is the actual date. They managed to get another
- 25:39picture of a black hole. I thought that was really
- 25:41awesome. I think that they added the
- 25:43swirls, but really cool and he's looking oh the black hole of
- 25:47Bitcoin. I like that.
- 25:48All right, well beyond by this, next one by bogey, BTC Bogart.
- 25:54Twenty one hundred trillion. That's what I love about
- 25:58Bitcoin, man. The price changes.
- 26:01My stack stays the same size. I like that man.
- 26:04Cool stuff. By the way, amazing movie have
- 26:07to see this Dazed and Confused freaking classic by Jameson
- 26:12Locke, crypto project marketing, highly accurate, highly
- 26:17accurate, all right, by shopping bit, it's never too late to
- 26:21learn about Bitcoin. What is bitcoin?
- 26:23What is a blockchain? What is a wallet?
- 26:25Wait, you guys still know nothing?
- 26:28It's so true. I swear it look, if we don't
- 26:30survive this cycle, and they're still saying block, block block
- 26:35chain and 2020. When is the next one?
- 26:37The next 2025 2026. Anyways, we're 2025 2026 and
- 26:43they're still saying blockchain. Anyways here here here come's,
- 26:48klore Plan B Tara Celsius, Cory clips and just slaying things.
- 26:56All right, moving on to be TC, Gandalf bitcoiners be like shit.
- 27:00Coining shitposting. It's so accurate, right?
- 27:04Very good memes. Very good meme, shout out to all
- 27:06those plebs. Post again means right there,
- 27:09they're good, they're good. I like them, they made me laugh.
- 27:11Anyways I'm going to give a very special score, shout out to Alex
- 27:14classy. We had them on last.
- 27:15Week, he recommended this book. I bought it.
- 27:19It came in the mail, it's called Bitcoin is Venice.
- 27:22I'm not going to pretend like I read it, I just got it but I am
- 27:24going to read it. He recommends it, I don't know.
- 27:27It has a cool cover I guess. Anyways.
- 27:29Phil, what would you give those memes?
- 27:32I got it. I got it.
- 27:33Apparently, it's a good book. I'm excited to read it.
- 27:36Apparently, it's cool. It looks good.
- 27:38I should get it to. I will get it.
- 27:40I just, I gotta settle into my new place.
- 27:42Okay. Okay, let me find you know what?
- 27:45I keep getting calls Called out on reusing stickers didn't
- 27:48realize. I had used the ladybug twice
- 27:50toxic have. Yeah, I did, I did.
- 27:53All right. Hopefully I didn't use this one
- 27:55yet because I really don't remember.
- 27:57Maybe I have. All right.
- 27:59I'm going with the, the FBI at one.
- 28:02I feel like I haven't used it yet.
- 28:03It's a great meme. It's a, it's a, it's another
- 28:06sweet Toshi original. It's a stinker that's a mean.
- 28:09Yeah, it's a sticker. That's a mean.
- 28:11It's a meme sticker. Anyways, guys, we want to know
- 28:14if you agree with our scores, you disagree.
- 28:15Down in the comment section, comment.
- 28:17Comment, comment, comment and of course, subscribe to us an
- 28:20alternative video platforms, like, Rumble.com and a personal
- 28:23favorite Bitcoin tv.com. They don't censor their because
- 28:26Bitcoin TV and join our awesome telegram group.
- 28:30It's a party in there where you could link us some awesome memes
- 28:33to review. You can hang out with the plebs.
- 28:35It's really cool and the memes that you link ass in there.
- 28:38We can review them on the mean review because the Bitcoin mean
- 28:40review and that's what we do be review means.
- 28:42But anyways, Phil it's time for the Daily News.
- 28:45News brought to you by crypto clucks.com they make some of the
- 28:48best 3D printed Bitcoin merch like the famous 3D printed
- 28:52Bitcoin grenade. Toy comes in any custom color,
- 28:55your heart desires. This just happens to be in Coal
- 28:57gold. I think it's really bad.
- 28:58Ask you know, it pisses off Peter Schiff.
- 29:00Here's a blue one, really cool stuff and they also make the
- 29:03famous Bitcoin, honey badger. It's 3D printed comes in three
- 29:07different sizes and you can take advantage of the promo code down
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- 29:13All right, everybody, another day.
- 29:15And clown world. This is insane.
- 29:20We must separate money from State.
- 29:22Like this is absolutely crazy. This is a politician.
- 29:25No, let me rephrase that this is supposedly the most powerful man
- 29:30in the Free World. This is a shit coiner Joe Biden.
- 29:33You want to bring down inflation.
- 29:35Let's make sure the wealthiest corporations, pay their fair
- 29:39share, do you know the level of Gaslight?
- 29:42That that is. Yep.
- 29:44Okay, let me pull this up. Yep.
- 29:46Yep. So this is M2 X represents the
- 29:51amount of money that's been added to the Supply, right?
- 29:54It's the rich people that are causing this.
- 29:55The rich corporations Nico, the wealthiest corporations aren't
- 29:57paying taxes. So the money supply is going up,
- 30:00you need to explain it the way that the politicians see it.
- 30:03Okay. So just remember the not paying
- 30:06their fair share, I'm sorry. So look this, this chart goes
- 30:08all the way back down to 1959 and in 2020, this very
- 30:14suspicious hockey. Stick went up and literally two
- 30:21years later record inflation who go told you that the bitcoiners.
- 30:28We all knew this was gonna happen but if you listen to the
- 30:31president of the United States it's the wealthiest corporations
- 30:37their their, you know, their price gouging.
- 30:40This is dystopian, this is crazy, they caused the problem
- 30:45and I I'm not talking about just the Democrats, the Democrats and
- 30:48the Republicans, but Cynthia, lummis has said this many times.
- 30:52The crazy amount of spending you have Biden having the nerve to
- 30:56go up, go have a press conference saying, inflation, is
- 30:59my main priority anyways, so bad on excess gasoline price is
- 31:07heading for house. You know who told us this was
- 31:11gonna happen? There's Mark Boss because our
- 31:13theory was hey, The feds in a really difficult place.
- 31:17What do they do, right? They raise rates and meaning,
- 31:21they stopped printing money. They slow down the economy and
- 31:25they control inflation or they continue printing money, which
- 31:29is good for the economy in the short term.
- 31:31But inflation keeps going up. But Mark boss came on the show
- 31:35says, no, there's a third option.
- 31:37The third option is price controls.
- 31:39Yes, ladies and gentlemen. We are at that point in the
- 31:41goddamn movie to price controls work.
- 31:44Well, if you look at history, They never fucking work.
- 31:46Anyways. The US Congress will vote next
- 31:49week on legislation barring excess or exploitive fuel
- 31:53prices. What's absolutely crazy about
- 31:55this guys is that they will go to whatever lengths to Gaslight
- 32:00you and blame everything but themselves.
- 32:05And let me show you how much they don't take this fucking
- 32:07seriously house passes. 40 billion more in.
- 32:12You create Bill Aid with few, Questions asked the escalating
- 32:17brutality of the war in Ukraine, has d'ampton voices on both the
- 32:20right? And the left.
- 32:21As I told you, it's not just Democrats, both fucking sides
- 32:25except they're both addicted to the money.
- 32:26Printer, the last for social stuff, the right for war,
- 32:30skeptical of the United States involving itself in an armed
- 32:33conflict overseas. Fueling a rush by Congress to
- 32:36pour huge amounts of money into a potentially, lengthy and
- 32:39costly offensive against Russia with few questions or
- 32:43reservations raised. So, When the private the United
- 32:46States president, or the Republicans say, they fucking
- 32:49care about inflation, know they fucking don't because they're
- 32:52willing to print basically no. Not basically more than the
- 32:58budget for the state of Pennsylvania.
- 33:02So they could send it overseas. The house of to the house on
- 33:07Tuesday night passed a 40 billion dollar military and
- 33:10humanitarian Aid, package for Ukraine and an overwhelming 368.
- 33:15257 vote weeks. After lawmakers are
- 33:18overwhelmingly approved. Thirteen, point six billion in
- 33:22emergency aid for the war effort that total that roughly, that
- 33:26total to roughly fifty three billion over two months, 53,
- 33:30fucking billion dollars goes. What President Biden requested
- 33:34and is poised to amount to the largest foreign aid package to
- 33:37move through Congress. And at least two decades, Okay.
- 33:44Why do I cover all that? 80 billion left in Afghanistan.
- 33:50When the United States pulled out fifty three billion set
- 33:58Halfway across the world. They say they care about
- 34:02inflation. This is the problem with fucking
- 34:06political money. This is the problem right here,
- 34:09Central Banking, fuels war, and least fucking Wars.
- 34:16Afghanistan over. Let's go to another one.
- 34:19A Fiat enables this under a Bitcoin standard, this shit
- 34:24would be too expensive. They say they care about
- 34:31inflation but they sure care about war a whole lot more.
- 34:37This is ridiculous. This is literally why we have
- 34:41two separate money from State. It is literally about peace for
- 34:45mankind because if we continue the route of Central Banking,
- 34:51more Wars endless fucking worse. It's not a coincidence.
- 34:55That the bloodiest century and Mankind's history was also the
- 35:01century of Central Banking. If that is not a good reason as
- 35:08to why we have to transition to a Bitcoin standard, I don't know
- 35:12what is we need to take the money out of the hands of
- 35:16politicians. We need to put it back in the
- 35:20hands of people and now, you know, why they are attacking it
- 35:24as hard as they are. These people are bunkers and
- 35:29they don't give they don't care about you because if they cared
- 35:32about you, they would be more concerned about controlling
- 35:36inflation than they would be printing 40 billion dollars out
- 35:40of thin air to send it to another War.
- 35:42The United States was just in a war for 20 years.
- 35:47What did it amount to when the, when the airplanes were pulling
- 35:50out of Afghanistan? You guys remember the videos
- 35:52that were literally people? Flying off, we left 80 billion
- 35:56dollars to the people. That we are supposedly fighting
- 35:57for 20 years. Why not do it again?
- 36:02This is Fiat. This is this is what it causes.
- 36:05This is Central Banking, this is what it's always caused.
- 36:12Bitcoin fixes this. But only if we win if we don't
- 36:15win. More Wars, more fucking
- 36:19political bullshit. This is it.
- 36:21This is peak and Sanity and it's by both parties and I'm not the
- 36:26only one saying this is fucking Cynthia.
- 36:27Lummis, at Cynthia lummis. Sorry says, this is well,
- 36:30anyways, Phil, what are your thoughts on this?
- 36:32Yeah, so look man. Very well, very well put
- 36:35together. Look, politicians politicians,
- 36:37it's no secret that their slaves to the central Bankers, okay?
- 36:41And when we vote these people in, they are supposed to, they
- 36:45are supposed to serve. The people write that is the
- 36:48government's function according to what, we've all been
- 36:51brainwashed to believe, we vote these people in, and they're
- 36:55supposed to do what is best for the country.
- 36:58Now, I highly doubt that any of us were asked, whether we wanted
- 37:02to send 40 billion dollars abroad, okay, to fund some war
- 37:07that we have, no part of rather than fix a lot of really, really
- 37:13breaking infrastructure and services that we have here.
- 37:16Mean look, if we're money printing, all right?
- 37:18And we're making everybody poor. Why are we not helping
- 37:21ourselves? This is insane.
- 37:23So who here voted to send 40 billion dollars abroad, I don't
- 37:26think anybody did, but this is good.
- 37:28This goes back to what you said, Nico.
- 37:29This is why we have two separate money in state because these
- 37:32people don't have to ask us anymore.
- 37:35They don't have to ask us. They just take it and they move
- 37:38the funds to what they want for their causes.
- 37:42And it has to do with their lobbyists and what their
- 37:45interests are anyways. So we're sending 40 billion
- 37:48dollars abroad, but the wealthy corporations.
- 37:51They're the evil that has to be reined in.
- 37:54Right? So, the government without
- 37:56anybody's, without any of our consent is sending 40 billion
- 38:00dollars there, but these wealthy corporations, that employ
- 38:03people, right? That allow everybody to go and
- 38:06put a roof over our heads and all that good stuff.
- 38:08These are evil evil corporations.
- 38:10They are profiteering Mikoto, how dare they dude, it's light.
- 38:14Its Insanity, dude. Speak fucking Insanity fill
- 38:19like, dude, it's like, it's not us, it's everyone else, but us,
- 38:24it's the supply Chains, It's Putin, it's the virus.
- 38:29No one mentions the money printer.
- 38:31Someone else has to pay Nico. Do someone else?
- 38:35It's man, it's crazy. This is sickening.
- 38:38This is sickening 20-year Warren and you and Afghanistan.
- 38:42Let's toast let's go start another one.
- 38:44Like it's just and it's Of the anyways, moving on, check this
- 38:49out, very suspicious, right? We've been keeping up with this
- 38:53lesson personally. You know, Michael sailor goes up
- 38:56in arms like oh a Bitcoin ETF. This is so awesome.
- 39:00I guess you can make an argument.
- 39:02It's a step in the right direction.
- 39:04Personally this revolution only works if people take self
- 39:08custody of their Bitcoin which is why we're not big fans of
- 39:12ETFs. But anyways, what suspicious to
- 39:15me though is the Behavior of the SEC because they haven't
- 39:19approved a Bitcoin, ETF for some reason, or the other, and their
- 39:25argument was Market manipulation.
- 39:27And their argument is volatility Netflix, I think is down over
- 39:3250% and all these companies, write the so-called Blue Chip
- 39:37tech stocks. So I think there's something
- 39:40nefarious going on here. Let me make the case.
- 39:43But first, let's check out this article by CNBC Scale met
- 39:47privately with the Securities and Exchange Commission.
- 39:49Last week, in an effort to persuade the regulator to
- 39:51approve the conversion of its Flagship fund into an EDF.
- 39:55ETF turning the gray scale. Bitcoin, trust into a New
- 39:58York's, New York Stock Exchange. Trading ETF would broaden access
- 40:02to bitcoin and enhanced protections while unlocking up
- 40:05to eight billion dollars in value for investors.
- 40:08The SEC is discriminating against issuers by approving
- 40:12Bitcoin, Futures ETFs and denying Bitcoin spot ETFs The
- 40:16deadline for the SEC to approve or reject grayscales.
- 40:19Application is July 6. Now here's the thing with the
- 40:23Futures ETF that just suppresses the price, right that because
- 40:28you're literally, you're not set.
- 40:30You're not selling Bitcoin that you don't have or you do have
- 40:35It's very suspicious now and I kind of connected the dots a
- 40:38little bit. This is Brian Brooks, he was the
- 40:43CEO of Finance dot U s--, he was the Comptroller of the currency.
- 40:47When the Trump Administration was an office or was in power
- 40:51and now he's the CEO of bitfury which is this mining is American
- 40:55mining company and he went on Fox Business.
- 40:59On May 13th, right? And let's take a look at what he
- 41:02has to say. Brian when you were running.
- 41:05A controller of the currency which is a very big job.
- 41:07We're all your little Bank examiners and different staff
- 41:10people where they all pose to cryptocurrencies that they want
- 41:14to regulate them and control them and run them out of town.
- 41:18Well, I mean I mean listen there were on our side of the aisle
- 41:21are. There were a couple of different
- 41:22points of view, but I think bureaucrats generally want to
- 41:26control things. Now, my argument to my staff at
- 41:29the time was listen, there's this whole activity that's
- 41:32taking over the financial system, we have no visibility
- 41:35into it and so we should invite it into the banking system so
- 41:38that we would have visibility and I think that got the bank
- 41:40examiners across the line it's the fed you got to worry about
- 41:43because the FED doesn't control Banks.
- 41:45They control money and the FED is very, very worried about a
- 41:49decentralized currency system, that's outside of their
- 41:51political control. That's where that's where the
- 41:53bodies are buried. See, that's why.
- 41:55Okay. That was the Comptroller of the
- 41:59currency and you heard what he had to say.
- 42:02So what you're trying to tell me.
- 42:05Right. Is that the SEC and those
- 42:07bureaucrats over there aren't have aren't getting pressured by
- 42:11to use his words. Control the controller's of the
- 42:15money. I don't know man.
- 42:18So yeah, dude, there's this some nefarious work at play here but
- 42:21like I said we don't need a Bitcoin ETF.
- 42:25What we need is more people, taking self custody, that's how
- 42:28we win the revolution. But look fill it confirms the
- 42:32case that we've been trying to make for months.
- 42:35Right? You had someone who worked in
- 42:36government literally saying, hey, it's the fed you got to
- 42:41worry about, they're the ones, you know, that with the, with
- 42:43the bodies buried in the back. So yeah, man.
- 42:46It confirms our suspicions confirms our thoughts.
- 42:49And I think that perhaps it's not the only reason, but perhaps
- 42:53it plays a role. And why this Bitcoin ETF is not
- 42:58being approved by the SEC, because it doesn't make sense.
- 43:02How could you look at all these companies looking The
- 43:05volatility, how could you say it's Bitcoins fall, right?
- 43:08So it's just awfully suspicious my friend, you know, and I think
- 43:13he did a good job and shout out to Brian because he was also, by
- 43:16the way that testified in front of the of the cleaning up
- 43:20cryptocurrency committee that they had in Congress.
- 43:23Brian Brooks is one of the one of the people that testified and
- 43:26we actually played one of his Clips in that video.
- 43:28So yeah, man, it's just, I guess it's good to know who you're who
- 43:33your enemies are in this. In this decentralized, Bitcoin
- 43:37Revolution. I think this is going to play
- 43:40out very interestingly because Bitcoin doesn't need an ETF
- 43:46right? At the end of the day it doesn't
- 43:47really care in. This is what I think that some
- 43:49of these traditional institutions they're going to
- 43:51find themselves. Some of these people, these
- 43:53Bitcoin haters right such as the Federal Reserve.
- 43:55I think they're going to find themselves slightly
- 43:57disillusioned because certainly, this type of stuff, right?
- 44:01Can dampen public perception and make, you know, make people, you
- 44:06know, think that like, oh, that's a Bitcoins dead.
- 44:09We're going to zero on the side and all this stuff, but at the
- 44:11end of the day, that that's the point.
- 44:12Unlike all of their traditional puppet systems, which require
- 44:16them to pump life into them, to keep them going like a zombie
- 44:20Bitcoin, doesn't need that Bitcoin has.
- 44:23Its it, Bitcoin has game theory. That is desirable for us and
- 44:28incentives that is desirable for us.
- 44:30So they're going to find it really difficult.
- 44:33Like to me, this is the this is the last, this is one of the
- 44:36last things that they have right besides besides an Right ban,
- 44:40right? Which would be completely
- 44:41insane. I don't think that they would
- 44:43ever do that, but besides the attacks that they're doing with,
- 44:46you know, that we're seeing with ESG, with the world economic
- 44:49Forum, with, with all of these. You know, the, the thing we
- 44:51covered last week there, that guy Curtis Ehrlich or something
- 44:54like that with the, the shit coin that he's making for the
- 44:57u.s. government, you know, the CBD sees all of these attacks,
- 45:01you know, that this is what they, this is what they have but
- 45:04look At the end of the day, they can't stop it.
- 45:07You can't do anything. So they're freaking out.
- 45:09So what can they do now? Price suppression.
- 45:12And how can you do price? Suppression, Futures, you try
- 45:15it, you Futures and you and you take away people's ability to
- 45:17trade upon it. And you essentially what you do
- 45:19is you slowly tie up the bigger monies access to it or you make
- 45:25it more difficult but that's not what they're doing.
- 45:28So if you ask me I think this is a public perception thing.
- 45:31I think that to a certain extent, maybe they're not such
- 45:34fools. Maybe they understand Bitcoins
- 45:36gameplay and maybe they're doing this to try to, you know, maybe
- 45:41some entities are doing this so that they can stack, they could
- 45:44slow. I think it's a slow it down,
- 45:45right? Yeah, I think it's you slow it
- 45:47down to their birth are revealing their cards, right?
- 45:50You saw what the IMF did in Argentina?
- 45:52You trying to tell me the Central Bank of central banks.
- 45:54Isn't there selected? This him doing the same thing.
- 45:57I don't know about that. But anyways, still remember how
- 46:00Casa went woke a couple weeks ago.
- 46:03Remember how they You know, they did the whole inclusionary
- 46:07stuff. Well I kind of know why check
- 46:12this out. This is Nick Newman.
- 46:15Making this announcement and it look at the plebs are hilarious.
- 46:18And now we know why you were virtually struggling so hard a
- 46:20few weeks ago and you know, you keep so that's why they went
- 46:26woke. So what happened, why did they
- 46:28do that now? We know why they raised 21
- 46:31million dollars series a funding.
- 46:34So, Currently they turn to, you know, a lot of these woke VCS,
- 46:38right? And they needed, you know,
- 46:41inclusionary hiring practices, I guess to get some of that money.
- 46:45So again, we're simply Bitcoin. So we always like to tell you,
- 46:49you know, the whole truth. But also, this is very good
- 46:52news. Let me tell you why it's good
- 46:53news as well. I just wanted to kind of put two
- 46:56and two together because I know a lot of you guys are going to
- 46:58have an aha moment like, oh, that's why they're doing it.
- 47:01But anyways, so this is good news.
- 47:03I love Casa a big fan of the A big fan of the company, Nick
- 47:06Newman is a great guy. So cos announces new API raises
- 47:1121 million series a funding. We've raised a 21 million series
- 47:15a funding round and we are announcing our newest product
- 47:18that costs API. What is the cost API?
- 47:20Well, they go on to explain as our industry grows, we're seeing
- 47:23more companies from the traditional software and finance
- 47:26World want to integrate Bitcoin and its capabilities.
- 47:29They don't typically have the knowledge in house to build
- 47:32major pieces of the Bitcoin stack like secure.
- 47:35City from the ground up so they look for a way to integrate.
- 47:38Custody, custody offering from another company and what do they
- 47:41find? Every single solution is
- 47:43custodial the ability to integrate a highly secure self,
- 47:46custody solution via an API does not exist.
- 47:50We saw this problem and realize that the current custodial Focus
- 47:53ecosystem does a day service to Consumers.
- 47:56And what did I always tell you guys?
- 47:57Right? Self custody is the key.
- 47:59Of course, this is a company. Of course, these are companies,
- 48:02taking self custody, it doesn't matter.
- 48:05It's better. Thousands of companies taking
- 48:08self custody than one, big company cuss sitting everyone's
- 48:11Bitcoin like and let me give you a real world analogy of.
- 48:15This is Black Rock, black rock doesn't own all those shares but
- 48:19because they custody all those shares they inherit the voting
- 48:23power. Centralized custody is a Bad
- 48:27Thing. Anyways, they go on to say in a
- 48:29world where coinbase alone holds more than 10% of all Bitcoin in
- 48:32existence, it's more important than ever for people to.
- 48:35That have the choice to be their own bank.
- 48:37After all the first sentence of the Bitcoin white paper is about
- 48:40using money without going through financial institutions.
- 48:43So, shout out to Casa. I think it's a great idea.
- 48:46Congratulations. All the money raised.
- 48:48I just think it's funny that you guys went woke and then two
- 48:51weeks later, or like a week later, you announced that you
- 48:54raised 21 million dollars. Maybe it's connected.
- 48:57Maybe it's not, it's it's a very big coincidence, though.
- 49:01Phil, what are your thoughts? Yeah, I'm gonna say that they
- 49:04didn't have to go. Whoa.
- 49:05Oak and they still probably could have gotten that funding.
- 49:07They could have said absolutely nothing and life could have gone
- 49:09on and anyways, but to each their own right that's their
- 49:12business, their decisions. So look the the main piece to
- 49:17this is is this as much as much as I don't like what happened
- 49:20with the casa to write the node as much as I don't?
- 49:25Like what happened with that offering, and that it got
- 49:26canceled and everything. In the end I have to say, this
- 49:29is actually pretty cool. This is pretty cool, you know?
- 49:33Like is he, I may not agree with the the woke - and all that
- 49:36garbage, but this is actually a step, I think in the right
- 49:40direction and interestingly enough, they are championing
- 49:44self custody. So this is I mean look, you
- 49:47know, we can, you know, we can say whatever we want.
- 49:50But this is a, this is a positive message for Bitcoin,
- 49:53and this is in the right direction, you know?
- 49:56And the reality is, is that what people don't understand about
- 49:59apis. Okay, so, essentially in You
- 50:02know, to make it less nerdy, right?
- 50:04What it is is it allows another piece of software to communicate
- 50:07with their piece of software to bring their information in,
- 50:10okay? So that you can create this much
- 50:13richer easier to use experience, okay?
- 50:16So in this case you'd have some other company that would
- 50:18integrate and possibly show your Holdings from Casa or something
- 50:21like that and you wouldn't have to do a lot of configuration for
- 50:25this. You wouldn't have to really do
- 50:26anything. This would be done in the
- 50:27background. This is very cool stuff.
- 50:30This is, you know, in the beginning It's going to be very
- 50:32basic but this should mean something really cool for
- 50:37accounting software, possibly. I mean I really I personally
- 50:40have no clue. That's the only extent that I
- 50:42can think of, right. Like you did accounting or
- 50:44possibly now that's that's pretty much it accounting
- 50:47because they don't have a note anymore so there's no Channel
- 50:49management to take a stab. No, it's good.
- 50:54Dude, you know you guys getting? We're simply Bitcoin.
- 50:57We you know, we don't censor ourselves.
- 50:58We're transparent about everything.
- 51:00I think it's an overall good. I completely agree.
- 51:03I think the more people including companies that take
- 51:06self custody the better and the faster that you know, this
- 51:10revolution, this decentralized peaceful Revolution takes place.
- 51:13But anyways, father wasn't open source, software release today.
- 51:16Wanting to everybody about it software releases, brought to
- 51:19you by Cipher safe. Check them out.
- 51:21Cipher safe dot IO, don't be a fool.
- 51:25Paper is not good enough. Store your seed in the Cipher
- 51:28wheel or the all new Cipher grid.
- 51:30They both come with at a Distant wire and the grid comes with a
- 51:34punch tool. All right, we've got my Citadel
- 51:37version, 1.1 1.0 that was released that is down below in
- 51:43the show notes guys don't forget to check us out on our Audio,
- 51:46Only platforms, Apple podcast, Spotify and anchor.
- 51:50If you want to stream a SATs. Check us out on Fountain.
- 51:53Dot f m--! You could stream assets through
- 51:55Breeze. Awesome.
- 51:56Thank you Phil. All right guys.
- 51:57That was our show before we go. I want to give a very specially
- 52:01for I do that. I want to, I want to make an
- 52:03announcement. So next week and I have to tell
- 52:06you exactly, which day, but roughly next week, it's my
- 52:09birthday. So I'm taking a trip for my
- 52:11birthday. I'm going to be gone for about a
- 52:13week. Phil and Optimist, the new
- 52:17member of Simply Bitcoin are going to be holding Twitter
- 52:20spaces. We're going to be releasing
- 52:21Clips while I'm gone and shorts, but the Regular Show, it's going
- 52:25to be on Hiatus, for about a week.
- 52:27Small little vacation will be back, either.
- 52:30The 23rd of the 24th will keep Guys updated.
- 52:33Check out YouTube will you will do some ports but we're still
- 52:37going to be posting content. So you're going to still see
- 52:39Clips or soon as these shorts and yeah, it's good to take some
- 52:43time off for your birthday some time.
- 52:45Even though I'm not the one that likes it and feels like you
- 52:47gotta take time off as I get older.
- 52:49I'm starting to understand why you says that.
- 52:52But anyways guys, before we going to give a very special
- 52:54shout-out to our awesome clothing sponsor represent
- 52:56LTD.com fill a night where they're awesome hoodies every
- 52:59single day. This is a Bitcoin merch Phil is
- 53:01wearing the Resent, decentralized corpse.
- 53:04They're also coming out with simply Bitcoin merch soon.
- 53:07You can take advantage of the promo code down below to get 10%
- 53:09off, guys, that was our show. If you enjoyed the show, you
- 53:12know what to do. Smash that like button.
- 53:14Of course you want to continue hearing the catastrophic Bales
- 53:16in the Bitcoin use from the bleep lip perspective.
- 53:19Definitely consider subscribing to Simply Bitcoin will see you
- 53:22tomorrow guys for any episode everything but the money printer
- 53:25is to blame Bitcoin fixes this.