Latest / Simply Bitcoin / Why Bitcoin WILL Surpass the Market Cap of Gold ($11T) | EP 501

Transcript

Why Bitcoin WILL Surpass the Market Cap of Gold ($11T) | EP 501 · Simply Bitcoin

0:04
Welcome back everyone. We're simply Bitcoin.
0:06
We break down the news. The daily fail mean review.
0:09
Software releases Hardware, releases and the plebiscites
0:14
Nico. Let's dive into the Numbers
0:16
number time, brought to you by not all they make some of the
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best Bitcoin notes like the novel Dojo.
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It's in red. That means it's faster.
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Also made of metal. This is hand-built by the model
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Bitcoin core and the lightning Network, all in the comfort of
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your own home. Remember guys, if you don't run
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your own Bitcoin know you're trusting someone else's.
0:38
That's a big No-No for privacy. So get yourself a novel today at
0:42
the time of this recording. The block height is 730. 9594
0:45
the Bitcoin price, 30 1260 chain rewrite day, 765 total public
0:51
lightning capacity. 3959 Moscow, time, 3199 blocks that I have
0:58
inning 100,000. I've and the samurai Whirlpool
1:02
unspent capacity. Samurai.
1:04
Whirlpool is a coin our collaborative spend.
1:06
It is not a mixing service and the unspent capacity for that
1:09
pool is 4550. 9.20 6bt, see Nico.
1:15
It's just you and I and these are the numbers.
1:19
These are the numbers Bitcoins and you stable colloid 30k is
1:24
the new stable price, I guess until it's not just future
1:28
action today, though. Very, very, very strange stuff.
1:31
Anyways, today. I want to talk about something
1:34
very interesting, not really number related, but it inspired
1:37
me so much that I want to talk about it.
1:40
This is what I tweeted out. I said, if this works out,
1:43
everyone, no matter what country will be able to save for a
1:46
better future. This is what we fight for.
1:48
This is what they fight against. What inspired me to tweet this
1:52
out. Well, I saw a tweet from Lord
1:56
for Sweta. We had them on the show earlier.
1:58
He is, he is a Member of Parliament of the Kingdom of
2:02
Tonga. This is very small island in the
2:04
middle of the Pacific that actually got hit by this
2:08
catastrophic tsunami. There is, it was a volcanic
2:12
eruption, and then a tsunami. But check this out.
2:15
And this is why I tweeted what I tweeted said kept Bitcoin
2:18
flowing into Tonga. When all Legacy calms, both
2:22
voice and data were down for the weeks immediately following the
2:25
volcanic eruption and tsunami cannot recommend highly enough.
2:29
Keep your Emerging Market country.
2:31
Receiving the Bitcoin blockchain during outages.
2:34
And how did he do that? He did that with the blog stream
2:38
satellite. Right?
2:40
What is the block? Stream satellite blocks from
2:41
satellites. A satellite dish.
2:43
Like the DirecTV dish and it connects with the corresponding
2:48
block stream satellite. That's orbiting Earth, right?
2:51
So you could sync up with the Bitcoin Network and you don't
2:56
need internet, right? This is the power of Bitcoin.
3:00
Like, you know, how hard it would be to connect with the
3:03
Legacy infrastructure? Not only, would it be to connect
3:07
with the Legacy infrastructure? If you're, if you're in this
3:09
remote island, right? Like the Kingdom of Tonga, but
3:13
also remitting money. Are you gonna get totally
3:16
crushed? Right?
3:17
So Not only was the Legacy system.
3:19
That charges. You more down Bitcoin, a better
3:23
system, open inclusive. No middleman, right?
3:29
No. You know, fat fuck.
3:31
No laughs. No, I am F, right regulations in
3:36
there to do. God knows what the people of
3:40
Tonga could still receive Bitcoin even after catastrophic
3:46
volcanic eruption. And if you live, if you happen
3:49
to live in the middle of the Amazon, right?
3:53
Or in the middle of Costa Rica, I'm looking at you, you know who
3:56
you're talking about the dude? That makes drums.
3:58
If you watched, I don't want Doc's you, but you know who you
4:01
are, you know who you are, and the jungles of some Central
4:10
American country, perhaps the block stream satellite will be
4:14
useful to you. And this is what we're talking
4:16
about. This is the power of Bitcoin.
4:17
How do you stop that signal? And also you could also what
4:20
I've heard. I think I saw nvk to eat this.
4:22
I think he has a pinned where he actually transmitted a Bitcoin
4:25
transaction over ham radio and Ham radios, very interesting
4:29
because And what it does is essentially you can have a ham
4:33
radio set and you communicate to someone halfway across the
4:37
planet because the radio signals bounce off the top of the
4:40
atmosphere, right? So it kind of just kind of does
4:43
this like little Z motion all around the globe and that's
4:47
another way to transmit Bitcoin transactions.
4:49
The point of trying to make is that you can't stop the signal.
4:52
Okay. Can't stop the signal and this
4:54
is why I tweet what I tweeted earlier if this works out.
4:57
And this is savings technology for everybody.
4:59
Even if you're in the remote African savanna, right?
5:04
Or Sahara, whatever it is, I think that's both in Africa.
5:07
Actually, or if you're in a communist country, like North
5:10
Korea, like if you knew about Bitcoin for the first time ever
5:15
in your life, you could own private property money.
5:19
That is very hard to confiscate and can't be debased by a
5:22
central government. Like that is absolutely
5:25
fascinating and it isn't hypothetical anymore.
5:28
Now, you actually have Have an actual example tragically it had
5:33
to do with you know, a volcanic eruption and and you know, a
5:37
tragedy that happened there but still Bitcoin.
5:41
Once again, is the only thing that's left standing right?
5:45
You see this in Cuba and you see this in Afghanistan, like we've
5:48
been covering like this is hope. This is what we mean by hope
5:52
Bitcoin is Hope anyways. Phil.
5:53
What are your thoughts? Yeah, the the no coiners are
5:56
losing their narratives, right? Like now that's it if the Goes
6:00
away. You can still do Bitcoin like
6:02
you can still Bitcoin. So there you go.
6:04
They just lost that narrative. ESG has just been falling apart
6:08
for them. Even though that I even though I
6:09
know that the corporate owned media is going to pretend like
6:13
and they've you know, they've got rains on this and they've
6:15
got this all in control. The reality is that more and
6:18
more institutions and people in the government are figuring out
6:21
that Bitcoin is not boiling the oceans.
6:24
Okay, and it's actually going to be a driving force for
6:27
Innovation. So they're losing ESG and the
6:29
other Thing. I know you mentioned the ham
6:30
radio stuff, but there's also something else that's been going
6:33
on for a few years that been slowly building in the
6:35
background Mademoiselle. Mesh net, exactly.
6:38
Mad Odell mentions, it quite a few times and specifically one
6:41
specific product that has been working with Bitcoin or with
6:44
bitcoiners for a while is go Tina.
6:47
They've got a few product offerings and I mean don't get
6:49
me wrong. Like at the end of the day.
6:51
It's still very Swiss army knife and its rudimentary, but hey,
6:55
that's the beginnings. That's how it starts to work.
6:57
That's what gets the wheels turning.
6:59
So, You know what? Look, we just gotta zoom out.
7:03
We got to look at the signal. Right?
7:05
And this is signal. The reality is, is that the, the
7:09
no coiners are losing narratives.
7:11
They're falling apart. I you know what?
7:15
I think, there's only maybe one or two narratives left that they
7:18
can hang onto, right? I think the the power going out
7:21
in the entire world, all at once.
7:23
We all know what we have. That's what my favorite brought.
7:25
We have much bigger, little little bit today.
7:27
Miko's know, but to them Nico, it's a Bitcoin thing.
7:29
Okay, it doesn't mean it's not going to be money's.
7:32
Not going to be important. The power goes out, bro.
7:34
Oh, yeah, but you can't, you can't say that because Bitcoins
7:36
bad, so if the felt like I was reading what about credit cards,
7:40
Dude? Cash, that doesn't get affected.
7:43
People are going to care about. If that happens.
7:45
We're going to care about food, guns, ammo, and Waters.
7:50
It goes back to the goes back to the pyramid, right?
7:53
The the Pyramid of needs, right? Like that's it, food shelter,
7:58
water. I mean, like, what do you
7:59
suppose? You guns, right?
8:01
Yep, definitely need those. If the power goes out for a long
8:04
time, look like again, right? I don't understand how they make
8:08
these narratives. So, back to the original point.
8:10
This is what is the other one? What is the other you said to?
8:13
I was trying to think of it. I couldn't believe the second
8:17
one. You're gonna leave me hanging,
8:18
bro. I know.
8:20
It's the only one. I think that's the only one.
8:22
Okay. Well, I'll let us know if you
8:24
know if you're an altcoin, or maybe I'll be nice and there's
8:27
another Potential weakness or attack vector and Bitcoin,
8:33
please. Let us know down in the
8:34
comments, you know, we were not right all the time and we're
8:38
very open to criticism. We'd be hypocritical if we
8:41
weren't. But anyways Phil it's time for
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the daily fail brought to you by Swan.
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9:02
You know what? I guess it's kind of fitting
9:04
that we don't. We don't have a guest today
9:06
because this is definitely there's going to be a cringe AF
9:09
fail that we are going to dive into this one sucks too, but
9:13
still just not as cringe as the one, we're gonna dive into which
9:16
hands films, gave us, and we are going to cover it.
9:19
But first, but first, here we go, Solana and elrond, never
9:25
even heard of elrond. Anyways, here we go.
9:27
It sounds like Enron. Anyways, what?
9:29
Do you buy more, EG LD or soul and then, you know, the person
9:33
put together a little, a little survey here, you know, with the
9:36
the retweeted or you like it and there you go.
9:38
Alright, so the battle of the shit coins and here we go.
9:40
We've got a tweet from a tell Ron Gould, EG ldy.
9:46
Soul is number one, hack from. What is that?
9:48
Soul is number one hack from zero with over 20 downtimes
9:53
elrond with 1.7 million users. Multiple decks has and nft
9:56
markets maenette running, almost two years and Zero down time
10:01
zero hacks. Zero exploits.
10:04
Okay, here's another person chilling, this shit coin, the
10:08
blockchain media, you know, that's trustworthy stuff right
10:11
here. The chain media 50k followers,
10:14
dude. Anyways, here we go.
10:16
If you think elrond can't reach a market cap of 80 billion,
10:18
you're mistaken. Solana is and was broken and it
10:22
reached 77 million guys. That's the use case.
10:25
This shit was broken, but we can get to those levels to okay.
10:29
It's Letting you know. Anyways EG LT has Superior
10:32
technology with zero downtime or security issues elrond will go
10:37
above 80 billion. That was June 5th at 1:59 p.m.
10:41
Was actually yesterday. No way crash.
10:44
Oh dude, just we go. This is the, this is the founder
10:48
and CEO of the, the elrond network.
10:50
And this is at 7:56 p.m. So.
10:52
Less than six hours after that tweak.
10:54
You just looked at investigating a set of suspicious activities
10:57
on they mired X. We are here.
10:59
All hands on deck will update as soon as analysis is clear.
11:03
And this is the part that I find.
11:06
Absolutely funny. This is just hilarious from the
11:09
good. That's why I love Twitter and
11:10
it's free. Should keep quiet and future
11:13
mocking, other chains. Indeed indeed and and look and
11:16
look neat. Niko's right?
11:17
I can't lie. I always love to show the the
11:19
dirty coin that the dirty coin market cap chart and take a
11:23
look, right? You can see a very well
11:25
orchestrated, pump-and-dump and distribution.
11:29
Here, you Go going, all the and I do the all-time log.
11:31
So look, if we just want to take a look at the seven-day, that's
11:34
perfectly fine. You can see it's just shitting
11:36
the bed, but if you want to look zoom out, it's always nice to
11:39
zoom out. You really understand the trend
11:41
and the trend is going right back to zero.
11:45
Anyways, Nico before I dive into the cringy estoy.
11:49
I think it actually is the crunchiest fail that we have had
11:52
to date. You have any comments about the
11:55
chance. Human?
11:58
This is worse. This is God.
11:59
We don't have Greg Foss on till yeah.
12:04
What am I thought? It'd look the years.
12:06
You might have very simple thought.
12:07
It's a spit. The name is suspiciously close
12:10
to Enron. Okay, like, you know, I say the
12:12
shit quarters of the best names and not with that one, that one
12:15
fucked up. So yeah, that's my thoughts on
12:18
that. Stay away from shit coins.
12:20
Stay humble stack, SATs stick to the truth, which is Bitcoin.
12:25
Don't get greedy. That's the problem.
12:26
People look 99% of people, even when you were coming in, you
12:30
weren't buying these shit coins because of the Knology, okay,
12:34
you were buying the ship was because he thought you were
12:35
gonna get rich. Okay, like be real with
12:37
yourself. That's the excuse that you come
12:39
up with this like this is going to change the future because it
12:41
doesn't, but do you actually give a shit what your actual
12:44
shit coin? Does know?
12:45
You don't want to sell it for more Fiat.
12:48
What we're trying to convince you is if you by yourself
12:52
Bitcoin and DCA into Bitcoin, you're not going to want to sell
12:55
that Bitcoin later because you're going to realize your
12:58
what are you going to sell it for Monopoly money?
13:00
I get it. Look.
13:01
If you want to buy a house. Okay, you want to To buy, you
13:04
know, basic living things. I understand that that makes
13:07
total sense. Everyone needs a house, right?
13:09
Except for feel because he lives under a bridge, but most people
13:12
most people, right. So yeah, I mean, look, stick to
13:17
bitcoin and I know, you know, a lot of you are not going to
13:20
listen to me, but at least we try anyways.
13:22
Phil. What is what is this?
13:23
Cringe-worthy failed? How am I gonna have to pull up
13:26
the, the Jurassic Park meme, where it after?
13:29
What's that guy's name? He's a dude.
13:34
Who turned Jurassic Park, just Goldblum?
13:38
Yes, I've called where he sees this.
13:41
He's like, that's so steaming pile of shit.
13:44
Steaming pile of shit. Here we go.
13:46
And again, I try to remind everyone add Hans films is the
13:49
one who sent me this. Okay.
13:50
So instead of saying that instead of saying the s word
13:53
fully just saying yes. Yeah X.
13:55
So X to earn startup thinks people.
13:59
Will f for Crypt. This is ya know, but just wait.
14:04
Just wait. Because how they do this Nico.
14:07
This is very, very interesting stuff.
14:08
Let's dive in Sex and Promises. That's the name of the token.
14:12
SE. Xn is the name of the token
14:14
promises to pay you in crypto when you're having X and it's
14:18
already making money, even if it hasn't delivered anything yet.
14:24
That's right. You know how sometimes we talk
14:26
about Bitcoin being in a bear Market?
14:27
Apparently, apparently there's still some Rumblings of a bull
14:32
market. Because we see garbage like this
14:34
is still coming out and able to make some money.
14:37
Anyways, here we go. The web three boom.
14:39
Has generated a plethora of complex token based business
14:43
models. That promise Rich has a
14:46
cryptocurrency startup called SE xn, most likely a play on the
14:51
popular move to earn running app.
14:54
Stepan is hoping to convince people that extern is not only
15:00
functionally possible through a series of Rick monitors apps and
15:04
N FTS but profitable I just I can't believe a reading this,
15:10
it's just hilarious. Anyways, why would somebody pay
15:13
you for this? This makes no sense.
15:15
I just think it's weird. Like it's like so you have to
15:17
wherever your data. You have to wear a monitor.
15:20
It's like, do you get till you get the shit going.
15:23
Now? Look, just like G Apple watch.
15:26
Just just wait. It gets even better because as
15:27
you could imagine Nico, there's different modes that you can
15:30
monitor horse right? Here we go.
15:32
Here we go. A concept that's banking on the
15:34
idea that when it comes time to get intimate with oneself or
15:38
others, users will stop the action.
15:42
Start a next timer on their phones.
15:44
In order to earn the company's own Tokens, The X orgasm token
15:50
or sot, which is supposed to launch this week.
15:54
Yay. So excited shit going for
15:57
boning. Anyways, here we go.
16:00
The extra urn model like play to earn where users As have to
16:03
complete in Game Pass. --Kz, in order to earn shit.
16:07
Coin promises rewards based on how much effort you put into it.
16:13
It's right, Nico. They pay you for the struggle
16:17
with paying you for that struggle.
16:18
All right, here we go. In scx ends case, that effort
16:21
will be Quantified. It's developers proposed through
16:25
an app, connected to a wristband.
16:27
You've got it app. You've got a shit coin, you've
16:29
got, and if T's you've got a wristband.
16:31
All you're trying to do is make Love.
16:33
Anyways, here we go. At the moment.
16:35
It's unclear. How real SE xn is, or if it will
16:39
ever live up to its promises. Everything about this project
16:43
raises eyebrows, you think from the vague roadmap, illustrated
16:47
by cartoon, women who are either blowing bubbles or look like
16:51
Bose. It and Men made to look like
16:54
nerds or creepy pickup artists to the overly complex Learning
16:59
System, and this is just a little In shot of the roadmap.
17:04
Yes. That's why I went to the
17:04
website. So you don't have to.
17:05
And indeed. This is the, this is the
17:08
roadmap, very, very clever. Anyways.
17:11
Meanwhile SE xn is selling an FPS, of course, right?
17:15
So we don't have a product yet. We don't know what this thing's
17:18
gonna do. No idea what the potential, but
17:21
but we're already selling at FTS and there's already demand in
17:25
its own Marketplace. Dozens of identical, cartoon,
17:27
condoms and vibrators. Wow, s CX.
17:31
N is already launched a governance.
17:33
Continue to look at that. Governance token SST, that had a
17:37
pre-sale followed by a precipitous crash in value.
17:40
Everyone is surprised. The pre-sale of sot has already
17:43
raised over 125k. There is a sucker, born every
17:48
minute a white paper pubs, it published to se X ends website.
17:52
Vaguely, outlines the roadmap. A wearable device test was
17:55
planned for early 2022, which the white paper implies would be
17:58
integrated with a yet to launch app.
18:02
And this is the fun part. Part the four modes of learning
18:05
on SE xn, according to the Project's, white paper, Each of
18:08
which earned tokens at different rates and require users to own
18:12
special combinations of n FTS to unlock, think about this.
18:16
So you need to buy and ftes and you need to hold these n FTS in
18:21
order to unlock certain. Like s, you know, X modes.
18:28
This is ridiculous. Anyways, and here we go.
18:31
Now, let's dive into the modes. Even your dogs are like what the
18:35
fuck? They're like, what the hell is
18:38
he done? All right.
18:39
Here we go. Coitus mode is for condom, nft
18:43
holders. So, that's right.
18:45
You bought the condiment ft users.
18:47
Will smash the start button in the app, right, before sex.
18:51
And the a God. Damn it.
18:52
Phil. Sorry, three, two, one.
18:55
Okay. Coitus mode is for the And if
18:58
beholders users, will smash the start button in the app, right?
19:01
Before X and the app will determine whether you are having
19:05
X. Next, you've got masturbation
19:08
mode, only requires users, the where they're tracking bracelet,
19:12
editors viewer tokens. We tell you.
19:15
It's earning fewer tokens in real life too.
19:16
So anyways, sadism and masochism mode was under development due
19:24
to the latent risk and professional requests and
19:27
requires. He's a professional entry exam.
19:31
Does this sound a little too difficult for you to earn this
19:34
shit coin? I just think the sounds
19:35
completely insane. Super mode is for Marathon X
19:40
sessions in response to rumors that this project is a rug pull
19:44
have no fear. They said, we will try our best
19:47
to push this project go. So we're not going to push this
19:50
project forward. Is that gonna find?
19:52
We're Not Gonna push this project ahead.
19:54
Yeah, exactly, right. Gonna push it, but they're gonna
19:57
push Project go. Oh, yeah.
20:01
Hi Nico. I'm so sorry.
20:03
But we had to do it. Anyways, X workers who actually
20:05
use crypto currency to navigate discriminatory Financial systems
20:10
are way of head of SE X and without any of the goofy heart
20:15
rate wristbands or coitus modes and if we've learned anything
20:19
from X content, but make it blockchain startups over the
20:23
years. It's that writing your ex
20:25
activity to a global transaction Ledger.
20:28
It is almost always a misguided move.
20:31
Now guys for the people that decide, they actually want to go
20:35
look at the white paper. And this garbage site.
20:37
We have included it in the show notes, but I just want to point
20:41
out. I just want to point out that
20:43
the, the, you know, the ex-workers in real life.
20:48
So that it to the point of the end of that article.
20:50
They already were using Bitcoin a long time ago to facilitate
20:53
transactions. They already understood that
20:56
there was a currency that does everything that they To do, they
20:59
don't have to get there and they don't have to get their customer
21:01
to wear a wristband. There's no fancy app.
21:03
You have to download, you don't have to do this with your
21:05
partner either. This is straight-up nonsense.
21:09
And I know at the beginning of this read, I said that just
21:14
maybe there's some bull left in this market and we're not just
21:17
trailing back, but I'm going to pull back from that comment.
21:20
I'm going to digress Nico and I'm gonna say this type of shit
21:23
coin. May indicate an absolute like an
21:28
Salute kind of like Peak where of shit coining, where everyone
21:33
gets that, it's a total scam and it's about to just fall off.
21:35
A cliff, just my opinion, dude. It's my opinion.
21:39
Look, I don't know whether this is worse than the orb coin.
21:44
Like the orb, the where they scan your eyeballs.
21:46
Like where do these people get these ideas?
21:49
And and it always reminds me of what Gigi said when he came on
21:52
the show, which is the shit coins, have to get more and more
21:57
ridiculous. Is because all the people in the
22:00
middle of the bell curve, right? Don't fall for it anymore.
22:05
They've survived the I cos they've survived then FTS.
22:08
So what you're really hoping for the lacquer like the people, I
22:12
think it's so ridiculous that it because they wouldn't do it.
22:17
They wouldn't do it. If it wasn't economic for them,
22:20
economical for them to do it, right?
22:22
Oh, yeah. Holy cow.
22:24
I can't. This is crazy and look, and
22:27
here's the second one. I pay.
22:28
What does that signal? Is?
22:30
If you notice that none of these things that make you scan your
22:33
eyeballs or you know, record your activity, give you real
22:38
money, give you Bitcoin. No.
22:39
Because that would actually cost them something.
22:42
So what they're giving you is this token that they've created
22:44
out of know, like, out of nowhere at no cost to themselves
22:49
and they're just giving it to you because that's what it is.
22:52
It's Monopoly money. And then most people buy it.
22:55
Not because they're interested in this my In Klaus Schwab, son,
22:59
created this or something people are being.
23:03
But like, if they're buying this, it's because they think
23:06
it's going to go up in value. Like, that's what you're not
23:09
really buying it because and what Phil always says it needs
23:13
to be money, like it does. It like, this doesn't need to be
23:16
money. Bitcoin could facilitate like,
23:18
this is normal. This is a terrible idea, but you
23:21
can make this, you could build this on bitcoin.
23:24
If you like the reason that they don't though is because then
23:28
They wouldn't make money. You wouldn't be making your own
23:30
money. Right?
23:31
It's simple as that, right? But yeah, that was definitely
23:35
top spot in my opinion that an orb coin that orb coin.
23:39
Transhuman coin. Look they I had such bad
23:43
experiences with that. I remember them.
23:46
Remember I can name them off the top of my head.
23:49
Transhuman. The mouse where they like
23:51
injected a mouse with the private key poor Mouse.
23:56
The orb, terrible I raised. Twenty million dollars.
23:59
We had Nick Newman coin to see of Casa of that episode.
24:03
It was great. And then transhuman coin, and
24:06
now we have an xcode like anyways.
24:13
Whoo, stay in Bitcoin. Yeah, saw it just gives a bad
24:16
name to the entire industry. Like when the people are talking
24:19
about scams in the politicians talking about, this is what
24:21
they're talking about. Like, it's just crazy.
24:23
Let's, but let's be, let's be realistic, right?
24:26
The other the other piece to this is, what is the only other
24:28
thing they can do, besides scam noobs out of their money.
24:32
They can try, if they can scam enough users.
24:36
They can use the data set. Yeah, and they can resell the
24:38
data set to whatever companies would find this useful.
24:41
So again, It's there. Just look, you're being
24:45
monetized. Like you're being monetized.
24:47
This is what they do. You have.
24:49
Okay, thank you. Exactly what you said.
24:51
Nothing to gain from this. It's nothing.
24:54
Yep. But anyways, Phillies time for
24:56
the daily meme review brought to you by sitting out 21.
25:00
It's the best Bitcoin cultural scene.
25:02
It's stories articles Comics, by actual bitcoiners.
25:05
Every volume has different artwork.
25:07
Does the artwork for volume 10. This is the artwork for volume
25:10
to it's almost sold out and this is the Work for volume 11 and
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their scarce is only 1,000, physical copies per volume.
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So get your physical print of Citadel 21 today before they run
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out. All right, everybody Welcome to
25:24
the Bitcoin meme reviewer review Bitcoin memes memes are an
25:28
essential part of Bitcoin culture and they function as a
25:33
weapon in this information war that we're fighting every single
25:36
day in the trenches of the internet.
25:40
Memes, are artillery. Anyways, this check it out.
25:43
First mean by Michael are lip. All right, brilliant, the life
25:48
story, the real story of Life Time, you know, your most of
25:54
your middle-aged life. No, I would say young adults.
25:59
Adults, older adults really. It's like 25 to 65, right?
26:05
Yeah. It's true.
26:07
Most of the time, you know, your you don't have time because
26:10
you're just working for money and then at the at the, you
26:12
know, Once you start getting older, right?
26:16
You, I wouldn't even say you have that much time.
26:19
I know. That's why I thought that, that
26:20
part of it too. I was like, yeah, I kind of
26:22
agree. Look.
26:23
And then some a bit Corner, fixed it right that time money.
26:27
And then I would have made it all three X's at the end and
26:32
then they fix it, leave it up to the bitcoiners.
26:36
Now, this is life under a Fiat standard.
26:38
This is what it's about under a Bitcoin standard know.
26:43
No, it doesn't work like that, your savings, your energy, your
26:45
work, your time that you put into learning this money, that
26:51
money is deflationary. So actually goes up in time.
26:53
It goes up in value in Time, versus an inflationary currency
26:58
where you're constantly working harder and harder for the same
27:02
amount of money or more money, but the purchasing power is
27:05
decreasing. So it creates this anxiety in
27:08
your head. I'm telling you, the
27:09
psychological effects of Bitcoin are under looked like there.
27:13
Not appreciate it. I've seen it happen to fill.
27:15
I've seen it happen to myself. I've seen it happen.
27:17
I wouldn't say hundreds of people, but tens of people,
27:20
right? At least 50, 60, 70 people where
27:22
they change their unit of account from Fiat to bitcoin and
27:26
then all of a sudden and this is n, VK s handle on Twitter you
27:31
have deterministic optimism right?
27:34
Based on the Bitcoin having right?
27:35
Which was essentially has this function where creates an Supply
27:40
shock really. I've roughly every four years.
27:43
Price of Bitcoin goes up, your purchasing power increases in
27:46
terms of Fiat and we've shown you that really famous website
27:49
priced in Bitcoin 21, and everything goes lower.
27:53
That's the benefits of a deflationary Scurry currency.
27:56
You've been scammed your entire life to make you believe that
28:00
you should work for a currency that some dude in a suit gets to
28:04
make for free. That's not cool with Bitcoin.
28:08
No matter who you are. There's a cost to acquiring that
28:12
bit. Wait, anyways, this is why they
28:15
want to kill proof-of-work. So bad by the way connect the
28:18
dots next one. Bye Bitcoin shirt dotnet, 48k
28:24
gang 58 kangay not going to make it 28k gang.
28:28
Bitcoin 38 KK. I hope that's not Dennis.
28:33
I hope that no he's tagged do know Dennis is gone.
28:38
It's fine. It's fine.
28:39
By the way, subscribe to Dennis's YouTube channel.
28:42
It's yeah. Awesome will tag you in the mean
28:44
review tomorrow. Dennis will give you a shout
28:46
out. Subscribe help fellow plebs.
28:48
Get the signal out. Help us defeat the shit cause I
28:51
don't think we're gonna be able to at least we're going to stand
28:54
a chance. Okay, because they're flooding
28:56
YouTube. Those guys.
28:57
Anyway. Jokin.
28:59
Sortie. Are you selling a non?
29:02
I'm not telling and I'm not telling this is good.
29:07
I like it. It's good.
29:09
I love dogs. Okay.
29:10
Anyways, this is great. Ro P.
29:13
Mm rope. There's no substitute for proof
29:15
of work at long last. I have found it.
29:18
The crystal of Fury. Mm, must deposit.
29:21
Five of me before. Moving me.
29:23
Oh, whoa. Fe scam, huh?
29:25
That's hilarious. I love Indiana Jones.
29:28
They don't make movies like that anymore.
29:30
Now, when a Bitcoin pleb takes a leak.
29:33
Oh, what the hell? I'll give it a try week.
29:37
Should fear the strong. Listen, if you got to Stream
29:43
like that wolf. Wow.
29:45
Okay a theory of is a scam and a shit coin bit coin only how to
29:51
recognize a stroke paralyzed arm.
29:55
Very good here. It's fetus ultrasound money.
29:58
These are Savage. Okay, but another 1 by rho P.
30:01
Mm, some time in 2042. Wake up.
30:04
Come on, snap out of it, please. If you can hear my voice, it's
30:06
no use. He's in a deep Kona.
30:07
We have hyper bit quantization. Oh man, you pick some good ones
30:11
today. You pick.
30:13
Good ones today. It's a good idea.
30:15
I'd leave with a bang right back.
30:16
Leigh's. It Phil, Phil's fill pun
30:18
intended, Bill, the Senate bills escaping.
30:21
He found a mule to carry him over the going to Freedom
30:27
country East, Berlin Wall. I mean, East Boston wall, and to
30:32
escape communism, and to free, to the fleece, they free state
30:35
of Florida. So he's going to be gone for the
30:39
next four days. I'm going to, I'm going to host
30:40
a show with Optimist, right? So just letting You guys know
30:44
and for that, I'm going to give it a fork, but not only, is it a
30:47
fork? It's a used Fork.
30:51
Pasta, I think so. I think it's report late to go.
30:55
Okay. Yeah, could be that to rights.
30:58
Got the bowl instead of the instead of the wrap.
31:01
It's on my desk. So that means that it's not more
31:04
than a day old. Okay, that's always.
31:06
That's always good. Yeah.
31:07
Yeah because once it starts to have fur and change colors,
31:10
you're in trouble. Yeah.
31:11
Yeah. I'm definitely gonna take that
31:13
to the kitchen after. Okay, good.
31:15
Excellent. All right.
31:16
So, of course the house is pretty much now.
31:18
It's really unfair. Don't even have the stickers
31:20
anymore. So I'm going with my UPS that
31:24
connects to my other UPS. Okay?
31:30
Okay, that's a good, not supposed to do that.
31:31
But I do that and it's terrible and I'm gonna get crap from
31:33
anybody, who knows anything. I hate when they start breaking
31:37
and you just hear the beep. Like it's like no.
31:40
It's because the batteries freaking dead, bro.
31:43
That's right. Oh man.
31:44
Okay. Anyways, guys, we want to know
31:46
if you're grew their scores, you disagree.
31:47
If you disagree rate the meme yourself down in The comment
31:51
section, what would those memes mean to you?
31:53
Give us an object or something. Make sure to subscribe to us on
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our on alternative video platforms, like Rumble.com.
31:59
And our personal favorite pick one tv.com.
32:01
They don't censor their because it's Bitcoin TV and join our
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telegram group. It's a party in there.
32:06
It's a bunch of collabs, posting Bitcoin memes hanging out.
32:10
It's cool. Join it, the links down below.
32:12
But anyway, so it's time for the Daily News brought to you by
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crypto club.com. They make some of the best 3D
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All right. So bitcoiners, I'm sure you've
32:52
heard on Twitter, right? Either an advertisement for a
32:57
centralized exchange, or you've heard sailors, say you heard.
33:02
Other people say it. Bitcoin is better than gold.
33:06
Right? Why is Bitcoin better than
33:08
Gold's Bitcoins? Better than gold?
33:10
Because it's easier to transport.
33:14
Over long distances compare that with a piece of gold, right?
33:18
Well, it's very heavy. So it's not a problem.
33:22
If you have you know, a couple hundred dollars worth of
33:24
physical goal. That's not an issue.
33:26
Right, but try doing a million dollars try doing two million
33:31
dollars, right? Then that gold starts to become
33:34
very heavy. Gold is actually a very heavy
33:38
metal. And not only that because it's
33:43
so heavy. What happens is that the storage
33:45
of it right happens to end up in centralized institutions and
33:49
because it's in centralized institutions, that actually
33:51
makes it easier for governments to capture and that's what I'm
33:57
going to talk about a little bit today.
33:59
The deficiencies of gold why Bitcoin is better a couple
34:05
examples of it and then a history of governments the US
34:10
Government many governments actually seizing gold whenever
34:13
they get into trouble, wherever they want to fund a war.
34:16
So you the deplorable, the pleb, you get to foot the bill and
34:22
what they give you in return, is a shit coin.
34:24
Also, known as Fiat as paper money, right?
34:27
So they take your gold right? Your sound money.
34:30
They can't create member what I told you about earlier.
34:33
If you want to create a more gold.
34:35
What do you have to do? You have to get in line like
34:37
everybody else and you got to get that stuff out of the
34:39
ground. And you have to buy it from
34:41
somebody else, but Fiat, very different.
34:44
All you have to do is print it. That's very little for
34:47
governments. And now in the digital age, it's
34:49
just numbers on a computer. So anyways, this check it out.
34:52
I thought you guys would find this interesting and here we go.
34:55
And by the way, this is why I believe Bitcoins going to win
34:58
and the world hasn't woken up to this.
35:01
I fundamentally believe that when the world wakes up to the
35:07
inferior inferiority. What's how do you say that feel?
35:10
Can't pronounce it. Inferiority inferiority of gold
35:14
versus Bitcoin. I think this is going to push
35:17
Bitcoin into the hundreds of thousands.
35:20
If not Millions easily, write just the world hasn't woken up
35:24
to this yet. Anyways, let's check it out.
35:28
It's funny because Austrian School of Economics Austrian on
35:31
it. Anyways, a plan conceived by the
35:33
Austrian Central Bank in 2015 to move 50 tons of their monetary
35:37
gold from London to Switzerland has not been realized.
35:40
Even years later. Since 2007, the Austrian Central
35:43
Bank owns a few kilograms short of 280, tons of gold and a
35:49
report released by the Austrian Court of audits from February
35:52
2015. It stated Austria was holding
35:54
too much of its metal and London at the bank of England.
35:58
The court of audits concluded that all contracts between oenb
36:02
and it's external depositories. But mainly the one in England,
36:06
contain deficiencies and auditing measuring measures were
36:09
lacking. Out a couple things here, right?
36:12
Austria is custody their gold with another foreign country
36:18
that gives that foreign country a tremendous amount of Leverage,
36:21
which I'll get to in a second. But the other component right?
36:25
Is auditing. How do you know that all those
36:29
gold bars are really 99% gold. You know, how you do that with
36:34
Bitcoin, you run a Bitcoin node cos to 300 bucks.
36:38
In fact, if Get yourself an auto.
36:41
It's already built for you. And it's made of fucking metal.
36:43
It's badass. You can take, you can take.
36:45
Go to the link down below. Not all dot EU, it's awesome.
36:49
Anyways, soon after the Austrian Central Bank announced a new
36:53
storage concept contracts with external depositories, would be
36:57
reviewed and amended. 90 tons stored at Boe would be
37:01
repatriated and 50. Tons would be transferred from
37:04
London to Switzerland within five years.
37:06
The new storage concept should have been completed, but it
37:10
Let's talk a little bit about why was it?
37:12
You know how much 50 tons is? You need you need, you need it.
37:17
Semi-truck guarded with armed, guards to make sure the gold
37:22
gets from point, A to point B. Just move.
37:27
That store of value. So you realize its limitations.
37:31
Now, I was talking about how Austria was Outsourcing the
37:35
storage of its gold. Now, what are the problems of
37:37
this? Do you guys remember this UK
37:40
Court overturns ruling on 1.8 billion of Venezuela gold?
37:45
And we talked about this when this came out.
37:46
Now listen, I'm going as well and I don't like the Maduro
37:49
government. Okay, but do you know how crazy
37:51
this sounds? The UK is getting to dictate
37:56
what another Tree can and cannot do with its gold and Venezuela
38:02
had to sue the UK in order to get right on its gold.
38:05
So, whose gold really is it? Definitely not been as well.
38:10
It sounds like it's the UK and they have an IOU to Venezuela
38:14
that they'll pay whether it's if it's politically favorable or
38:18
not. This is the problem.
38:20
This is why we advocate so strongly for self custody.
38:24
So, two things here that I want you to get from this article,
38:27
right? Outsourcing the storage of
38:29
wealth, right? Because it's heavy, right?
38:33
You also want to secure it, right?
38:35
Another thing is the auditing of it, right?
38:39
How do you audit, how do you want it?
38:41
That that gold is really gold. How do you audit that?
38:44
It's really there with, with, with Bitcoin.
38:47
You can audit it in the second, on the fly, on your phone.
38:50
You don't need a special detector weights or any of that
38:53
stuff. Now, let's talk about the other
38:56
limitations of gold. Right?
38:58
So what happens, usually is Citizens by gold as a store of
39:03
value, right? Especially when the economy's in
39:06
turmoil and people flee. But the problem is Is right?
39:10
Is that if you start to store a lot of it, you don't trust your
39:16
own custody, right? Why would you are you going to
39:19
build a vault at your house? Right?
39:21
You're going to build a safe at your house?
39:23
Okay. A safe is reasonable.
39:25
But if you have a couple million dollars with the gold, it's not
39:28
that reasonable anymore. Right?
39:30
So what happened back in the 1930s and we talked about this.
39:35
It's actually very famous in Bitcoin executive orders. 6102.
39:40
And essentially was an executive order signed by president f.d.r.
39:44
During the Great Recession and essentially made it illegal for
39:48
American citizens to hold gold. You know, how crazy that sounds
39:53
right? You as an American citizen are
39:55
not allowed to own a certain type of metal that occurs
40:00
naturally on planet Earth because the government needs to
40:03
stay afloat. That sounds insane to me.
40:07
Anyways, so, So these are a couple examples of people that
40:13
fought back against the executive order and you'll start
40:16
to notice patterns of why was the why was this government so
40:21
successful at seizing that naturally occurring metal?
40:26
Alright. Anyways, check it out, numerous
40:28
individuals and companies were prosecuted related to FDR's.
40:31
Executive order 6102. The prosecution's took place
40:34
under the subsequent executive orders, 6, 11 16, 6261 and the
40:41
gold Reserve Act of 1934. The circumstances of the case
40:46
where that New York tourney. General.
40:48
Federic Barber Campbell had one deposit at Chase National Bank.
40:54
Ah, there it is again, right. Very similar to what you're
40:57
hearing with the case of Venezuela.
40:59
Very similar to what you're hearing with Austria, but this
41:02
is just happening on an individual level right on the
41:06
individual level 1 on the country level, the same problem
41:08
happens. You're trusting someone else to
41:11
custody your wealth, right? When kemple attempted to
41:15
withdraw the gold. Remember guys, not your keys.
41:17
Not your Bitcoin, Jace refused and Campbell sued.
41:21
Chase doesn't matter a federal prosecutor then, indicted
41:25
Campbell on the following day for failing to surrender his
41:28
cult. So he didn't even have custody
41:32
and of it anymore, but because he didn't go along, they still,
41:37
they still prosecute in the guy. For holding a naturally
41:41
occurring, metal Insanity of ultimately, the prosecution of
41:46
kemple failed, but the authority of the federal government to
41:48
seize, the gold was upheld. And Campbell's gold was
41:52
confiscated, confiscate is another word for stolen.
41:56
A few months later, Congress pass the the gold Reserve Act of
42:00
1934, which ratified Roosevelt's orders, a new set of Treasury
42:04
regulations was issued providing civil penalties of Office
42:09
keishon, stealing of all gold and imposition of finds equal to
42:13
double the value of the gold sees.
42:15
Not only are they going to take if they're going to find you for
42:17
the compliment crazy stuff. So, there's another example,
42:21
foreigners also had gold confiscated and we're forced to
42:24
accept paper money for their gold.
42:26
Ah, that's the signal, the I can't even pronounce that a
42:30
Swiss banking company had 11 million two hundred fifty
42:34
thousand in gold coins for business, use the Swiss company
42:38
entrusted the Old to an American firm for safekeeping.
42:43
Outsourcing. What custody?
42:46
Okay. So why am I talking about all of
42:48
this stuff? Okay.
42:50
Trying to make the case that Bitcoin is superior to all of
42:55
this because if enough people take self custody, okay.
42:59
It's very different if the US government or any government for
43:02
that matter, says Bitcoins illegal, but if people actually
43:07
have in a self custody. Remember Bitcoin is a monetary
43:11
Network. So you don't have to use their
43:15
rails, I could transact with Phil directly who's gonna know.
43:21
And let's talk about custody. For example, just something that
43:24
we advocate for if push comes to shove you can and will memorize
43:29
12 words. So what are they going to do?
43:33
How they going to pry? Those 12 words out of your mind,
43:37
which gives you access to your Bitcoin, how they going to do
43:39
that, not to mention all the functionalities that the new
43:42
cold. Hard has once.
43:43
We had n VK on, you could just, you know, show an alternative
43:47
wallet brick, the device. It's like, this is what I'm
43:51
talking about. Bitcoin moves, the balance of
43:54
power from the state to the individual because of that.
43:58
It's completely Superior to Gold.
44:00
We don't know. How much gold is in the ground.
44:02
We have no idea, no idea, but we know that there's 21 million
44:07
Bitcoins for fact, so not only is Bitcoin easier to try.
44:12
Transport along transport over long distances.
44:17
It gives you a hit an edge in terms of custody.
44:21
It actually benefits. You more to self custody than it
44:24
is outsourcing that responsibility to a bank, which
44:28
could be easily captured by a government.
44:31
It moves the power into your hands.
44:34
This is why it's better. And the current market cap of
44:39
gold is nine. Ten trillion dollars.
44:43
This is superior to that much Superior.
44:47
It's much more scarce. It's much easier to transport.
44:51
It's much easier to custody. You could add, it's a monetary
44:57
system. Which Jack mahler's has has
45:00
shown you don't even have to use Bitcoin itself.
45:03
You could just use the network its Superior and every single
45:07
way but the thing is worth nine to ten times left in gold.
45:13
The writing is on the frickin wall.
45:15
It really is just people haven't woken up to this, but so far so
45:20
far and it's 12 years of existence.
45:23
Bitcoin has been made legal tender in two countries.
45:26
I would say three including Panama.
45:29
It has been the best appreciated asset in human history, right?
45:33
It has given the people of Tonga people in Afghanistan, the
45:37
Cubans, which we've also covered access to the financial system.
45:41
It's the most inclusive money that has ever existed but it's
45:44
worth nine times less than the thing that it's supposedly
45:49
competing for. I don't know.
45:53
Look I'm a fan of physical gold. I like it because it sounds
45:57
right. You know that someone just can't
45:59
print more of it at no cost but it's very limited in to what you
46:04
could do with it. What are you going to do with
46:07
that metal bar? How you going to sell it?
46:08
How you going to exchange? You go to McDonald's, right?
46:11
Are you going to chip off and A the exact piece of gold so that
46:15
you could pay for your fries. Bitcoin has eight decimal
46:20
places. You can get a fraction of a
46:23
fraction of Bitcoin to pay for your fries.
46:26
So I'm making the case right now that Bitcoin is Superior in
46:30
every single way and that's why I fundamentally believe when
46:34
people find out when the world finds out and they are slowly,
46:38
but surely this is, this will push Bitcoin into the hundreds
46:43
of thousands. If not Millions, if not tens of
46:46
millions easily. It's just a better.
46:48
Technology, it does everything that gold does but it's better.
46:51
The only thing that gold has an advantage on bitcoin.
46:54
Is that as a two thousand, three thousand, five thousand year
46:57
history. That's the only thing, but
46:59
that's all that time. We'll fix that also, right.
47:02
So those are my two set. Those are my thoughts.
47:05
Those are my two cents. I hope I made the case.
47:08
Phil. What are your thoughts on this?
47:10
My friend? Okay, you know what?
47:13
I mean? I know that you just made the
47:14
case for Bitcoin, but as I was listening to you, all I could
47:16
think of is I'm ready for a gold-based future and you know
47:20
what, I'm going to start because you're absolutely right.
47:23
There is a need for being able to cut slivers of gold when you
47:27
go to the stores. So what I'm proposing, I'm going
47:29
to start a crowdfunding project. Okay, it's going to be for a
47:31
portable smelter and weighing system.
47:33
Everyone's going to carry because you can't trust the
47:35
stores, right? And they can't trust yours.
47:38
So everybody has to, you know, everybody has to compare in
47:41
every The transaction Nico. It's going to be completely
47:43
Fair. It's totally totally easy to do,
47:48
right? And everyone can partake in that
47:50
system. So, I'm definitely.
47:52
Yeah, I'm a huge fan of the gold future that can be confiscated.
47:55
And that's not practical and that's difficult to transport.
47:59
We're all for that. But you know what?
48:01
That future can happen, if all the lights, go out and the
48:05
internet dies, okay, if everything goes back to us,
48:08
being cavemen Gold wins. We were okay, but know-it-all
48:14
serious than joking aside, right?
48:16
So look, I wanted to go back to one of the points that you made
48:20
about. We don't know.
48:22
How much gold is in the Earth. The only thing we do know is how
48:26
much gold we mine each year? And if I'm not mistaken, I
48:29
believe it's one to two percent of the total.
48:32
What is already been mined? Okay.
48:35
So again, this is a this is a bullshit metric like that.
48:39
It just sounds Lee fake so so because that's how much we mine.
48:43
It's a scarce asset, really. So slowly Harris's, asset that
48:48
has existed until Bitcoin king's crown.
48:52
That's the fucking beauty of it. Exactly.
48:55
Should rate of gold is between 12 percent.
48:57
But that is only because of economics, if the price of gold
49:01
goes up, you're better, you bet your bottom dollar that they
49:05
will be more my gold mining operations, and more gold will
49:09
come out of the ground. Round because what the price of
49:12
gold is higher exactly Bitcoin, even if the price of Bitcoin
49:17
goes higher, the amount of Bitcoin mine gets cut in half
49:21
every four years. No matter.
49:22
What do you get it now? We just have to crazy person.
49:28
That's okay. We all sound, like, crazy
49:29
people, but, but you're definitely more animated.
49:32
So look, let's just, let's just, let's just mention.
49:35
Let's just mention Peter Schiff. We can't mention gold and
49:38
Bitcoin without mentioning Peter Schiff, Peter, five years to
49:42
move Gold Bud. Five years.
49:44
What kind of transaction finality is that?
49:47
That's embarrassing. This is what you're proposing
49:50
for. The people that to save their
49:51
money with, and, and to be, and to become a proper financial
49:54
system. Five years.
49:55
Of gold or weight? Or the best part is somebody
49:58
asks you to move the gold and you just don't want to.
50:00
You just say no. There you go.
50:02
Go screw instead. You could take my Fiat take me
50:04
to court and and of course the last piece to this my favorite
50:08
thing that the gold bugs always bring up it right because what
50:12
you were talking about is what can you do with that bar of
50:14
gold. You can't eat it.
50:16
Okay, you can't defend your family with it.
50:18
You can't do any of that with it.
50:20
What can you do? You've got the could defend your
50:22
family because you can throw it at people.
50:24
It throw it up. Oh, yeah, but you know, it's,
50:33
it's not as good as bullets or guns.
50:35
But anyways, my point is, is that you can't really do that
50:39
much with it. But there is a utility use case
50:43
for it Nico. And that's why it deserves all
50:47
the attention. Now, it's funny.
50:49
I remember, I remember getting fooled by the utility use case,
50:52
when I was a shit corner. I was like, oh, yeah, you know,
50:54
it's got utility. You know how much value there is
50:57
of that utility. It's like thirty dollars of
51:00
value for gold. It's like 30 to 32 dollars.
51:03
If I'm not mistaken, isn't that what the gold was brought back
51:05
for back in the 30s? Something like that.
51:08
So so look guys, I know that the gold bugs, they want to pretend
51:12
like gold still has a day in the sun coming.
51:15
It has no days in the sun. Okay.
51:18
All it is. All it is, is night and shade.
51:22
Sorry. This thing is not coming back to
51:23
light. It is not Dawning.
51:25
A whole new Financial system. No one is all of a sudden
51:28
switching over to Gold. Bitcoin is the better gold but
51:32
to give them credit they were right in their theory.
51:35
Yes. Wrong with the tool in order to
51:38
achieve just didn't have a better tool yet.
51:40
Yeah, right. They see as you know, it's the
51:41
technology, all of these forces hadn't come together yet to make
51:45
Bitcoin. So you're absolutely right.
51:46
They understood what was wrong and they understand what's
51:49
wrong. And and this is why last Point
51:52
real quick. This is why.
51:55
We always make the case by we have a chance to separate money
51:59
from State. We actually have a chance with
52:01
gold. It was always going to be
52:03
unfeasible because of the properties of gold, right?
52:06
It was always going to be centralized because and Bitcoin
52:09
in some way it's following that pattern, right?
52:13
You can't, you can't deny that. The majority of Bitcoin is held
52:17
by exchanges and their custody for other people.
52:20
However, however, that fraction of people and hopefully will our
52:25
Voice gets louder and louder and more.
52:27
Most more people will understand the benefit of self custody,
52:32
especially in developing countries that don't have formal
52:35
exchanges, right? I think we have a chance to
52:40
really change this, right? I really do.
52:44
If enough people take self custody, we win and there's
52:47
nothing. The government could do about it
52:50
because their return on violence is very limited.
52:53
It's limited. What are they going to do?
52:55
You think the government is going to go to millions of
52:57
people's houses and sees their wealth against their will in a
53:03
country? Like the u.s.
53:04
That has more guns than people. I don't know man and Look, it's
53:08
not only me saying that you had Jeff Booth when he came on the
53:12
show. He said to quote him.
53:14
There will be a revolution. If they make bit something like
53:18
Bitcoin illegal, not to mention the game theory with the
53:21
individual states, like Texas is going to defend Bitcoin,
53:24
Florida, Wyoming right, New York, California, Lost Cause,
53:27
but right there's kind of a game theory.
53:30
A flag Theory playing out as well.
53:31
Right? So anyways, I just wanted to
53:33
bring bring that up to you guys. I thought it was really
53:35
interesting and extremely bullish for For Bitcoin people
53:39
have not woken up to the signal the truth.
53:42
And that is the orange going baby.
53:44
Anyways, father was an open source software released today,
53:46
wanting to everybody about it software releases, brought to
53:49
you by Cipher safe. Check them out.
53:51
Cipher safe dot, IO papers dead. Don't store your seed on paper
53:57
store, your seed in the Cipher wheel or the all new Cipher
54:00
grid, they both come with a tamper-resistant wire and the
54:03
grid comes with a punch tool. All right, we've got Nick's
54:06
Bitcoin version. 0, dot 0. Dot 72.
54:10
That was released its Down Below in the show notes.
54:13
Guys. Don't forget to check us out.
54:15
On our Audio. Only platforms Apple podcasts
54:18
Spotify and anchor. If you want to stream a SATs.
54:22
Check us out on Fountain dot f m, you can stream assets through
54:26
Breeze. Awesome.
54:27
Thank you for guys. That was the show before we go.
54:30
I want to give a very special shout-out to her awesome.
54:33
Clothing sponsor, represent. LTD.com Phil and I wear the
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highwomen. Hoodies every single day.
54:39
This is the camo. Hoodie.
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Phil has the Bitcoin hoodie. We try to wear different ones,
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but we have our favorites, obviously.
54:46
And you can take advantage of the promo code down below to get
54:48
10% off. Anything off the represent
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LTD.com online store. I also want to make a quick
54:55
announcement Phil. Like I said earlier on the show
54:58
is he's escaping communist state as no also known as
55:02
Massachusetts. He's fleeing to Florida, they're
55:06
persecuting him, but he All the mule to, you know, bring them
55:10
over the wall. Totally joking.
55:12
It's a bad joke, but anyways fills moving and he's going to
55:15
be driving for the next couple days.
55:17
So I'm going to be headlining the show to be a little bit
55:21
different for you guys to be co-hosting with Optimus Fields.
55:25
He's been joining us every Sunday or you got every the
55:28
Monday the episode. You guys see on Monday.
55:31
So that's we're going to be doing for the next four days.
55:33
So you're going to get your dose of Simply Bitcoin is going to be
55:36
a slightly different dose without Phil.
55:38
Lll, fulfill will be back next week.
55:39
Don't worry. Anyways guys, if you enjoyed the
55:41
show, you know what to do. Smith.
55:43
Of course, if you want to continue hearing the Bitcoin,
55:45
use on the plain the gold bugs were on the right track.
55:55
They just had the wrong tool Bitcoins