Latest / Simply Bitcoin / Privacy Developer ARRESTED, Bitcoin Devs Next? | EP 551

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Privacy Developer ARRESTED, Bitcoin Devs Next? | EP 551 · Simply Bitcoin

0:02
Execution. Yep.
0:20
Welcome to another episode of Simply Bitcoin live.
0:23
Is your number one source for the peaceful Bitcoin Revolution.
0:26
We cover the news of the culture, the fails by the
0:30
central Bankers, the shit Corners.
0:31
We covered all on this channel today we have a very special
0:34
episode. We have Bradley.
0:36
James. Are you doing Bradley?
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I'm well, how are you? Good, good Bradley James, is the
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one who's throwing the mining conference in Round Rock, Texas.
0:48
So we're going to talk a little About that.
0:50
We're also going to talk about very alarming news, a software
0:54
and open source privacy software developer was arrested in
0:59
Amsterdam. And this is a continuation of
1:01
the whole tornado cash Saiga. That we were covering early on
1:05
this week. We're going to talk about how I
1:08
believe they're really setting a precedent.
1:10
This could potentially be used to go after Bitcoin software
1:13
developers in the future. We shall see will talk about
1:17
this but first How you doing Opti?
1:20
What's up Nico? What's up Brad?
1:21
I am doing great today. It is Friday so I'm excited.
1:26
We are doing good. Doing the good stuff.
1:29
Anyways, let's get into this one you go.
1:31
Let's get into it. All right guys, it's going to be
1:33
a good show. Let's do this.
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That's really what it's about. Anyways at the time of recording
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the Bitcoin prices at 24,000 $60 SATs per dollar also known as
2:23
Moscow time 4156 Bitcoin block height, seven hundred forty,
2:28
nine thousand one hundred and Forty-Eight reachable Bitcoin
2:32
nodes 13,600 blocks to The Happening.
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Hundred and fifty two having estimate, April, 20 at 20 24
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total, lightning network capacity, 1391 Bitcoin around 33
2:48
million dollars, cash rate. 207x, a hashes annual mining
2:53
Revenue. I know I know Bradley's gonna
2:55
like this number. 14, point 1 billion dollars, realize
2:59
monetary inflation. We're going to keep saying that
3:01
just to highlight how ridiculous Fiat currencies are compared to
3:04
bitcoin and that is going to get cut in half.
3:07
At the happening right now it's at one point seven, nine percent
3:10
all coins are going to be issued August 2nd 2137.
3:15
So I actually have a really interesting video for us to kind
3:19
of Riff on this is Larry Fink and I don't know who's he's
3:22
talking about but take a look at what he has to say about Bitcoin
3:27
mind you a couple years ago he was saying that Bitcoin was only
3:31
useful for money laundering. Look how the king makes everyone
3:36
Bow Down. Let's take a look at what Larry
3:39
Fink has to say, what he's been saying and then we'll talk about
3:42
it. Anyways, let me play the video.
3:45
And now related to bitcoin, what am I important investors?
3:49
Was on one of the television shows last two days and he spoke
3:54
about Bitcoin, and two of, you know, one monetary policy, two
3:58
and three covid. The hits on Black Box on our
4:02
website was 3,000 on covid. 3000 hits on a monetary policy and
4:08
600,000 hits on bitcoin. So what that tells you is,
4:13
Bitcoin has Is has caught the attention in the imagination of
4:18
many people. Many people are fascinated about
4:21
it. Many people are excited about it
4:25
but it's still untested it's still a pretty small Market
4:29
relative to other markets it really.
4:32
It can be, you know we see these big giant movements every day.
4:36
It's a sin market and so can an evolved into a global market
4:42
possibly certainly by evidence of the imagination.
4:45
Imagination of so many who want to learn about it or interested
4:49
in about it. To me is a very telling sign
4:52
another good example, why understanding Big Data?
4:55
Like, how many hits and all that, really is a defining
4:58
statement. And so, we look at it as
5:01
something. Looks like the video was having
5:03
some issues. Anyways, so you have you have
5:08
Larry Fink, he, he is a CEO of BlackRock, BlackRock has nine
5:12
trillion dollars on their asset sheet.
5:16
And there you have it, you're hearing it from himself, right?
5:18
There's a lot of interest. Rest in Bitcoin.
5:21
Anyways, Bradley before I pass it on to you.
5:24
One of our, one of our viewers has a question and it rug sure.
5:29
He's curious. Why you're in a field, wearing a
5:31
suit, what's going on there to two reasons?
5:36
And I'll give you the sad one first.
5:39
I actually had a death in the family recently.
5:41
So, I'm up here for some family gathering and stuff.
5:44
So, I took a step outside. The other reason is that, for
5:48
those of you who don't know me, I teach people how to build
5:51
facilities and we actually identify Fields very similar to
5:54
this, to build facilities, drop containers.
5:57
There's a substation, literally, a hundred yards away.
6:00
And so I figured it would be the best background for us to use
6:03
rather than me being in front of a bar.
6:04
You know, being up here in the middle of Wisconsin.
6:09
Are you, are you happy now and your rug?
6:11
That's why he's wearing the suit.
6:13
You happy now for asking that question.
6:15
So yeah, Bradley we're going to talk about that.
6:17
Definitely you actually you actually Actually have courses
6:21
and teaching people how to start up Bitcoin mining.
6:24
And I think a lot of people get caught up because they find it
6:26
so difficult. And I've explained this to you
6:28
guys many times, right? If you have cheap power, it's a
6:32
good place to mine Bitcoin but that's the biggest hurdle in my
6:36
opinion Bradley. Correct me.
6:37
If you think I'm wrong cheap power and access to enough of it
6:42
I think is the secondary thing. So when you look at Powers one
6:46
thing, the next the next challenge that a lot of people
6:49
maybe in rural, All areas think that they don't have as good
6:52
internet but there's actually people running it on Ilan
6:56
starlink so stuff to think about when you're thinking about
6:59
designing and building and planning all these facilities
7:01
but yeah I was definitely the first one.
7:03
Absolutely. Yeah, that's right.
7:05
The starlink really changed the game completely right hmm.
7:09
Yeah it did. I and and point-to-point why our
7:12
wireless as well? I mean which you can run as long
7:15
as you've got a clear path. So there's a lot of ways to make
7:17
it work. If you're creative.
7:19
Solutely. So let's kind of double back and
7:22
talk about the whole Larry Fink situation.
7:26
He the turnaround right? This is Jamie diamond island
7:29
Jamie dimon completely did a turn around, you have now you
7:33
have Larry Fink doing the same thing.
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I know Opti is the in-house, the in-house simply Bitcoin
7:40
truth-seeker. I'll leave it at that table.
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Do you think about this bro? Are you suspicious of Larry
7:47
Fink? Well, I stay suspicious.
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You already know that I am not going to go down that route
7:54
again Miko but, you know, BlackRock fudge Bitcoin for
7:57
years and now they're buying. I said it all week, you know,
8:00
they had to make sure that their friends can get into Bitcoin at
8:03
a price that they want. So what do they do?
8:05
They flood the price so and then they packed their bags, but this
8:10
is just further proof that Bitcoin incentive State winning.
8:12
So we'll just leave it at that. And furthermore, as we've been
8:15
saying, you know, this opens up the door for more institutions
8:17
and more quote unquote, smart money to get in.
8:19
Um, so hey on one hand, I am very paranoid and skeptical.
8:23
And on the other hand, it's going to be bullish, you know?
8:26
Bitcoin is for anyone and and this is just as I've been saying
8:29
like Bitcoin Crossing the Rubicon into mainstream
8:32
adoption, so, absolutely bullish.
8:34
And and you know, like say what we want about Black Rock and we
8:38
had Jeff Ross on yesterday. I love how he said it, you know,
8:40
like black rock is the epitome of Fiat and them getting in the
8:44
Bitcoin, you know, it's it's nuanced.
8:47
Oh, hey bullish, everything's good.
8:49
It coin and will Bitcoin incentive stay winning.
8:53
So let's go Bitcoin incentives. Stay winning.
8:56
That's right. So I'm going to pass it back to
8:58
Brad, Brad. You definitely understand
9:01
incentives because you're a Bitcoin miner.
9:03
I think Bitcoin miners have a unique perspective on
9:06
incentives. Is this Bitcoins incentives?
9:09
Doing its thing. Once again, another, another
9:12
institution and BlackRock for anyone that doesn't know, they,
9:16
they're one of the largest index funds in the world, right?
9:19
And they I own a chunk of basically every public company,
9:23
right? Because they're an index fund.
9:24
At the end of the day, it's absolutely massive that they're
9:28
getting in and you heard it from the man himself.
9:31
You heard it from Larry Fink, right?
9:32
Like look we know one was really interested about the pandemic.
9:37
No one was really interested about the supply chains but the
9:40
interest from Bitcoin was absolutely unbelievable.
9:43
Is this the start of the beginning because this is a
9:46
start of the beginning. Just to give you guys a
9:47
refresher right in the last two years.
9:49
Own. We've had, we've had public
9:52
companies putting Bitcoin on its balance sheet.
9:54
We've had two countries and one kind of, which is Panama, making
9:58
Bitcoin legal tender, is this just the beginning Brad, what's
10:01
going on here? Well, I think, I think, if you
10:04
look at the global perspective, I think there's more people
10:07
involved in Bitcoin outside of the US.
10:10
Then we, then we actually know, right?
10:12
Like, when you, when you hear the stories of, for example,
10:15
Germany, Germany was very forward-thinking and they're
10:18
allowing for Bitcoin. Trading in ETFs faster than we
10:21
are here in the states. And so there's a lot of
10:23
different perspectives on it, but when you look globally,
10:26
they're using it, as a, as an asset class to hedge against
10:31
manipulation of markets, right? And manipulation of markets are
10:34
hard to do but we see them happen.
10:37
So if you're looking at something that's a decentralized
10:41
commodity, right? And that's what I know the
10:43
Commodities exchanges, you know, regulatory is trying to make it
10:47
if you look at it as a commodity people always As Commodities to
10:50
hedge against Fiat, or Fiat risk or any of those things like
10:54
inflation because Commodities actually maintain valuable or
10:58
maintain value and are usable outside of it, right?
11:01
That's why gold is always been maintained as such, right?
11:04
So, from a Miner's perspective. Now, I've been through so many
11:08
winters like this, and it's taken me three of them to
11:12
finally get smart about it. Believe it or not.
11:15
And every time I come out, I've come out of the winter, the
11:18
previous winter. I've gone crap, I didn't do
11:21
enough during that winter or that bear Market to prepare to
11:24
capitalize on the opportunities that's there.
11:27
And this is such a young industry that the opportunities.
11:31
I can't even quantify. I can just tell you the numbers
11:33
that I lost out on which is astronomical when I think about
11:36
the numbers. So those of you who are
11:38
contemplating hey, what do I start needing to do any of that?
11:41
Now, it's time to learn. Educate yourself.
11:44
Begin to acquire small assets, begin to acquire and learn
11:48
information and knowledge. About Bitcoin and how Bitcoin
11:51
works and the benefits of Bitcoin because you're going to
11:56
be no matter what profession you're in at some point in 10,
11:59
to 20 years, it's going to impact you in 10 to 20 years.
12:02
Might seem like a far way off, but I still remember being in
12:05
college 15 years ago. And it doesn't seem like that
12:07
far. So and that was my first foray
12:10
into it and I still regret not hanging on to the Bitcoin that I
12:13
bought in college at like 30 cents a pop.
12:16
So you know those are the things that I think people need to to
12:20
contemplate and reflect on time and relativity but also
12:24
understanding that owning your own assets like Bitcoin is going
12:29
to give you an advantage in the long run.
12:32
More so than trying to invest consistently into like index
12:36
funds or indices or any of that other stuff.
12:38
That's why black rock got in, by the way, black rocks, also
12:40
investing a ton of money into mining, so, oh really you tell
12:45
me? Yeah, oh yeah, oh yeah, I mean
12:48
they are an index fund, right? And there definitely is a couple
12:51
companies on the Fortune 500 that are mining companies.
12:53
So, yeah, I agree. Maybe that was part of the
12:56
reason that they were pressured you?
12:57
So Brad. One of the questions that I
12:59
always get is Will I get my Bitcoin back if I start mining?
13:06
What does that mean? If I invest off the top of my
13:12
head I'm just using because it's a nice round number if is invest
13:15
one Bitcoin into Bitcoin mining you know I find cheap power you
13:20
know the infrastructure is always a bitch but let's say
13:23
theoretically the infrastructure is all it was already there.
13:26
I buy myself some miners right well I get the same amount of
13:29
Bitcoin that I invested in well I get that back you will in a
13:34
Time Horizon but it depends on your time Horizon.
13:36
Right. So the idea of mining is that
13:39
rather than buying it outright on an exchange, you actually
13:42
make more per dollar spent by Mining and you do just by buying
13:46
it in an exchange. So that's the idea around
13:49
minding the other part of it is that now you're supporting the
13:52
network, right? So you're also betting on the
13:54
fact that the appreciation of the value of Bitcoin is going to
13:57
go up, the more on the demand side happens rather than just
14:00
the supply side. Keep in mind the supply side
14:03
seams large to us because the three of us on here were used to
14:06
To it. But when you look at I mean and
14:08
you heard it and heard it in that video, it's still very
14:10
early on the supply side. The mining infrastructure needed
14:14
to support the network. Still has to grow a significant
14:17
amount in order to support the whole network for the next.
14:21
When's the last Bitcoin being mine 21:40 2130 something.
14:25
Yeah. Like there's still 100 years to
14:29
get to that point and if you think about the adoption Cycles,
14:32
like I always talk about credit card adoption.
14:34
If we remember Back in the day where you had to do the carbon
14:38
like swipe thing and then mail it in the adoption time to get
14:42
it to where. Now we're just swiping and it's
14:44
in seconds. That's 30, 40 years to get to
14:46
that point. This is moving at a much higher
14:49
Pace in a much higher clip. Where now you're looking at,
14:52
mining mining is necessary to maintain this network.
14:55
I mean that's where all the processing power is coming from.
14:58
So in credit cards, they aggregated all the servers
15:00
right. American Express owns a bunch of
15:02
servers. Visa owns a bunch of servers.
15:05
This is the first time it's decentralized.
15:06
Sized. And that's why you're also able
15:08
to get less and more people are able to get your able to get
15:11
more and more people are involved in the mining aspect of
15:16
it. So you have to dive into why?
15:19
It makes sense, from just the benefit standpoint.
15:21
I mean for me to go buy shares in Amex or Visa or any of those.
15:25
I'm going to spend and I'm not going to get back.
15:26
What I what I want but in mining you will over the course of
15:30
time, especially right now. So new machines, if you look at
15:33
new machines, new machines, they're betting on.
15:36
It's about 12 to 18-month time Horizon for you to make back
15:39
what you spent, okay? The challenge is that with the
15:43
ups and downs. For example, if you go by
15:45
machines now, and you know, it's going to bump right before the
15:48
happening in 2024, guess what? The value of Bitcoins going to
15:52
go up? You're going to get it back in a
15:53
faster rate by investing in some infrastructure and Mining gear
15:56
now and when it's going up on that high clip.
15:59
So, things to think about when you're making those, those are
16:02
business decisions, right? And you have to be make smart
16:05
business. Asians not by at the peak,
16:08
right? When people were buying units at
16:10
12,000 and then it began to dive down and dip and now they're
16:12
going, how am I going to get that back and they're betting on
16:15
the fact that it's going to go up or they're selling their
16:17
equipment at a loss. Which is why you have to use
16:20
bear markets or recessions or slowdowns whatever you're
16:23
calling this as a time to take those assets that you've
16:28
accumulated and reinvest them because the rate of return in
16:31
the long run is going to be better than if you're buying it
16:33
at the peak. Right.
16:34
The psychology of buying and selling is As people buy at the
16:37
Peaks and they sell it, The Valleys the smart people buy it,
16:40
the valleys and sell it the Peaks.
16:43
So those are things that you have to make sure you're
16:46
understanding when it comes to mining just like any other
16:49
investment. Yeah.
16:50
Exactly. And you definitely don't want to
16:52
you know be buying Bitcoin miners at the peak of Bitcoin
16:56
then you're going to get absolutely wrecked abso.
16:58
That's absolutely true. Anyways let's move on.
17:02
We're going to talk about Bradley's Bradley's conference
17:06
in the News. And then he has to run.
17:07
His secretary told me that he could only say for 20 minutes.
17:10
And then we're going to talk about the big bombshell today of
17:13
the software, the software developing developer being
17:17
arrested in Amsterdam, what the implications are of that.
17:21
So, anyways, let's get to the news.
17:24
D. It's time for the Daily News.
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17:51
All right, so Brad this is Your conference is the mining
17:55
conference 2022. I remember, I was talking to you
17:58
about this, and it's a little bit different than how other
18:01
people are doing mining conferences.
18:04
So what's it about who would want to go?
18:06
There, is it, is it Noob friendly?
18:08
Is it, is it friendly for people that are just getting into the
18:11
industry? Maybe they just want to set up a
18:13
minor at home. Oh he dropped out.
18:16
So looks like we're going to have to cover something else
18:19
while he comes back. Let's do that.
18:23
Alright, moving on to Here we go.
18:30
We live in this, we live in. We live in this.
18:33
So good, I prepared. All right, so that's all right.
18:39
Brad back. We're going to go back to what
18:41
we were covering. We're going to go back to the
18:44
conference. I apologize, guys, we're doing
18:46
it. Live live is a little bit
18:47
different. All right.
18:48
So Brad this is the mining 2022. It is hosted in Round Rock
18:53
Texas. Talk to me about who this
18:55
conference. As for, who would enjoy going
18:58
there, excetera Etc? Sure.
19:04
So yeah. Just so those of you who don't
19:06
know Round Rock is about sigh of Austin.
19:10
We're really working to Target a lot of people who are already in
19:13
cryptocurrency and Bitcoin mining specifically.
19:16
So if you're running a facility or your technician at a facility
19:21
or you're somebody who's a provider, those are the people
19:23
who are going to be there. The other group of people who
19:27
are coming in as if you're new to mining.
19:28
All right, one of the big egg I faced when I got into mining
19:32
back in 20 15 and then began building at scale facilities in
19:35
2017, there's a learning curve, right?
19:40
People wonder you know, how can you build subtle of information
19:44
out there. So we at this conference are
19:45
really focused on the tactile information.
19:48
So those who are attending are going to leave with tactical
19:51
information that they can go and take the time to implement when
19:55
they get home, literally the next day.
19:57
So we will have business coaches that have helped start these.
20:01
We're going to have existing people there, to help start.
20:03
These we're gonna have electricians Transformers
20:06
suppliers, all that stuff and Technical staff.
20:09
What people don't realize is that once the capacity is there
20:12
in this industry, this still has to be maintained and managed.
20:16
So if you're an electrician, if you're a network architect, if
20:19
you're in it guy, if you if you run a small service shop
20:22
repairing computers and you're like Hey how do I make more
20:26
money? Learn how to repair but Bitcoin
20:30
mining equipment and you're going to learn really quickly
20:33
that there's a massive Market out there.
20:35
So that's who are working with and targeting for this event.
20:38
I mean so much so that we're working on we're going to be
20:42
telling people about all of the speakers that are coming in.
20:44
I mean, the main players will be there.
20:45
B means going to be there for me, it's going to be there.
20:48
You know, we've got brains is coming.
20:50
All those companies are doing, are going to do demonstrations,
20:53
workshops and teach Frameworks so much.
20:56
So that's a number of them are actually doing Lon.
20:58
Is at the event. So if you're like, hey, you're
21:00
always the one who wants to be on The Cutting Edge.
21:02
This will be the chance for you to be at that event as well.
21:06
And really, the point of this is to make it the annual event
21:09
where you're coming to learn. So it's not just an expo with a
21:12
stage, where they're doing panels and sales pitches.
21:15
No, you're going to leave with actual materials.
21:18
Some of our presenters are actually leading their books, so
21:21
you're going to come, you're going to sit through the
21:23
presentation and then you're going to get Freeport.
21:25
I mean, those are the types of things that when you Come to an
21:28
event like ours. It's going to seem very
21:31
different because it's not just schmoozing and Deals.
21:34
You're actually going to make connections and then go sit at
21:37
an event, learn from somebody. And then go, hey, how do we
21:40
implement this when we get home and then known that question, go
21:43
and approach that speaker asked that question and they're going
21:46
to share frame work with you so that you can deploy it.
21:49
Literally the next day that to me is super powerful because the
21:55
information in this industry is still Shrouded in Tech, speak
22:00
and fog because people still don't want you to know all their
22:04
secrets sauce and we were making it very much.
22:09
You have to share some of the secret sauce.
22:11
If you're speaking on our stages and you know what, everybody's
22:14
happy to do it, they've never been asked so we're asking, and
22:18
they're more than happy to do it.
22:19
I mean, when you talk to B Main and their team, they're like
22:23
really you want us to teach, they don't assume that.
22:27
That anybody wants that, That and so we're saying no, look
22:29
help us fill the talent Gap. Help us teach people help us
22:32
grow and stabilize the entire Bitcoin mining Network by adding
22:37
more people who are intelligent knowledgeable and able to
22:41
implement the things rather than just sitting back and going
22:43
through. That's magic internet money
22:45
being made right socially. So that's, that's really, really
22:49
awesome. It sounds like to me like this
22:52
conference is the conference to go.
22:54
If you are you're you're getting into Bitcoin mining.
22:58
You're curious how to set it up. This is the place to see.
23:01
This is a place to go. Not only, you're going to learn.
23:03
You're also going to make the necessary connections, etc, etc.
23:07
So yeah, this is sounds really awesome.
23:10
Brad. We're going to put a link Down
23:12
Below, guys, and you could check our Twitter as well.
23:14
We'll go ahead. If you I did put together a
23:17
promo code for you guys. So, if you go to the site and
23:20
then you purchase and you type in simply Bitcoin, your viewers
23:23
will get 20% off of their tickets.
23:25
Awesome. Think it's 20 20 %, sounds Write
23:28
to me. So that's so the you heard it
23:31
there guys. I also I think I remember
23:33
hearing Brad that simply Bitcoin might be broadcasting from the
23:38
mining conference. We shall see it's a secret.
23:41
But yeah, you could take advantage of the promo code.
23:44
I'm going to pull up the website one more time so you guys could
23:47
check it out, it's called the mining conference.
23:51
It does beat around the bush. The names isn't hidden the
23:54
mining conference 2022, Round Rock Texas. 5th through the 7th
24:00
Bradley. Thank you so much for coming on
24:02
simply Bitcoin. Why don't you tell everybody
24:04
where they could find you? Appreciate you.
24:07
If you want to find me, you can go literally on all the social.
24:10
Zits, excuse me socials. It's a BJ James 23 or search for
24:14
the mining conference. It'll pop up.
24:17
If you're looking for other resources, you can go to mining
24:19
with Brad.com. We've got a plethora of tools
24:23
there and resources. Whether it's building my boot
24:25
camp, it's the micro minor e-club, where Running experts
24:28
every single week doing workshops virtually for you or
24:32
if you're just looking for supplies.
24:33
I mean that's we're trying to build a trusted vetted Community
24:37
to help people make better decisions about growing their
24:40
micro minor either, their mining business awesome.
24:43
Well, I brought on guy, I brought on Brad, guys, because I
24:46
thought you'd find it interesting.
24:47
I get a lot of questions, like, how do you start mining?
24:49
This is your guy go, give him a follow on Twitter, go visit the
24:53
mining conference. You can take advantage of the
24:55
promo code, simply Bitcoin to get 20% off.
24:58
Your tickets. Anyways, Brad, thank you so much
25:00
for coming on the show. Take care.
25:02
Appreciate you take care, right? Alright guys, so we are going to
25:06
move on to what is going on in the peaceful Revolution.
25:14
Governments are taking it up a notch, why are they taking up a
25:16
notch because they're losing control on the Monopoly of
25:19
money? Before I get into this, I'm
25:21
actually going to read a passage from the sovereign individual.
25:24
That is really appropriate to this.
25:26
Let's check it out. This is a quote from the book
25:29
says, lacking their accustomed scope to tax and inflate
25:32
governments even in traditionally civilized
25:34
countries will turn nasty as income becomes uncollectible
25:38
older and more arbitrary methods of extraction will resurface
25:42
businesses, that offer services that facilitate the realization
25:46
of autonomy by individuals will be subject to infiltration,
25:50
sabotage and disruption very, very fitting for what's going
25:54
on. Anyways, let's check this out.
25:57
This was Press release by the police or you know, the law
26:01
enforcement equivalent in the Netherlands.
26:04
Let's check it out. A rest of suspected developer of
26:07
tornado, cash on Wednesday, 10 thog on Wednesdays, that's weird
26:11
on Wednesday, the 10th of August, the F IO D, arrested a
26:14
29 year old man in Amsterdam. He is suspected of involvement
26:18
in concealing, criminal Financial flows and facilitating
26:21
money laundering the mixing of cryptocurrencies through the
26:24
decentralized etherium mixing service tornado cash.
26:28
Multiple arrests are not ruled out these Advanced Technologies
26:31
such as centralized organizations that may
26:34
facilitate money laundering extra attention from the F IO D.
26:39
Also in the cryptocurrency domain that F IO d stands for a
26:43
safe, Financial Netherlands, and investigates with affect and
26:46
impact today. The subject, the substitute the
26:49
sub the suspect is brought before the examining judge
26:54
sounds. Sounds like okay, you know,
26:56
they're protecting us from crime.
26:58
Not too bad but you really have to understand they're actually
27:01
Banning what it what it is that they're actually arresting this
27:04
individual for and remember to double back to this.
27:08
This this article by coin Center, coin Center is the
27:11
lobbying arm of the Bitcoin and shit.
27:12
Coin industry in Washington DC and they have a really, they did
27:16
a really good job in summarizing, what the danger was
27:19
of the US government, Banning a sorry, sanctioning, a technology
27:25
versus an individual and then I'm going to get back to the
27:27
arrest. Actually touched upon this
27:29
earlier on the week. But again, this is, this was a
27:31
developing story. It was it was it was, it was a
27:34
sanctioned website, sanctioned technology.
27:36
Now they're actually arresting open-source developers, it's
27:39
gotten to that part. Anyways, how adding tornado dot
27:42
cash to the sdn list. Different from past, ofac
27:46
actions, a smart contract is a robot, not a person.
27:49
It is software that resides on the ethereum blockchain.
27:52
If a contract is credibly decentralized than the original.
27:55
Authors of the contrast could be hit by a bus the sir.
27:58
Would continue to work as such today's action, does not seem so
28:01
much a sanction against a person entity with agency.
28:05
It appears instead to be the sanctioning of a tool, that is
28:09
neutral, didn't care neutral and character, and that could be put
28:12
to good or bad that uses like any other technology.
28:16
It is not any specific bank sanction but instead, it is all
28:19
Americans who may wish to use this automated tool in order to
28:23
protect their own privacy. While transacting online, who
28:26
are having their ability, Kurt their Liberty curtailed without
28:29
the benefit of due process. Sanctioning a tool is not an
28:33
alias of any person. Meriting sanction is
28:36
substantially different from typical usage of the sdn list.
28:39
It is a ban on technology and not a sanction against a person.
28:46
So they arrested this for developing an open-source
28:50
technology and at the end of the day, what is code code is taxed.
28:55
They arrested him for writing text.
28:59
And that is how scared they are of what is happening.
29:03
That is where we are in the movie.
29:06
Anyways, Fact suspects that through the through Kurt
29:11
tornado, cash through. Tornado cash has been used to
29:14
conceal large-scale criminal money flows.
29:17
Including from effects of the currencies.
29:20
These include funds stolen through hacks by a group
29:22
believed to be Associated. North Korea.
29:24
That's the excuse tornado. Cash started in 2019.
29:27
And according to fact, it has it has, since achieved a turnover
29:31
of at least seven billion dollars investigation showed
29:35
that at least 1 billion dollars worth of crypto origin.
29:38
Pastor the mixer so the other six billion, the majority had
29:43
nothing to do with crime. But again they used in North
29:46
Koreans as an excuse to ban the rest of the technology that
29:51
wasn't used for Crime. This is the equivalent of
29:53
banning guns and saying guns are going to be used for Crime.
29:57
Well, guns are just a tool. It's people that do the crime
30:02
and all these things that they're listing about money
30:04
laundering was already a crime, anyways.
30:08
Anyways, since Monday 8th, August 22, August 20, 22
30:12
tornado. Cash has been placed by the US
30:14
government on the ofac sanctions list of America.
30:19
And here's Gigi has this awesome post.
30:21
It says, friendly reminder. That this is a valid Bitcoin
30:24
transaction. According to some governments,
30:27
this should get you arrested. That's it in China.
30:30
This will get you arrested 12 words in your head.
30:34
Does not make you a criminal and that's why we An episode.
30:38
And an article earlier on this week, I said that the Fright
30:42
first free speech is the fight for Bitcoin.
30:46
If free speech is not allowed Bitcoin money transactions, that
30:52
is a form of speech. And what they're trying to do
30:54
here is that they're trying to set a precedent.
30:57
They're trying to say that specific open source
30:59
Technologies can be used for criminal activity.
31:03
Therefore that justifies us the state to ban those.
31:07
Those Technologies out, right? What type of technology is
31:13
Bitcoin? What type of software is
31:15
Bitcoin? Bitcoin is an open source
31:17
technology, how long until the ofac sang says, if you don't run
31:22
a specific Bitcoin software that's compliant with the u.s.
31:26
sanction list. You are get your, you're
31:30
breaking, the sanction policy, you are committing a crime
31:34
because you want to use an open monetary Network the most
31:39
inclusive. The world has ever seen one that
31:43
can't be debase or the commodity in a Bitcoin.
31:45
Can't be debased, can't be easily confiscated.
31:48
We the US government are determining who you have the
31:51
right to transact with and Hugh. You don't have the right to
31:55
transact with This is a really dangerous precedent and this is
32:00
the opening Salvo in the fight for Bitcoin.
32:03
This is just the beginning, they that's always what they do.
32:07
They start with the little finger nail and then it's a
32:10
finger and before you know it it's a hand and before you know
32:13
it it's an arm. This is how it starts.
32:16
It must be called to attention. You must form a Ruckus about
32:20
this on Twitter. It must be called out for what
32:22
it is. Absolute bullshit.
32:25
This is the Low creep of totalitarian control.
32:29
That's what this is without a doubt.
32:31
In my mind and the North Koreans is what they use.
32:36
That is the excuse, that is the justification for Banning a
32:41
piece of software. And if they ban a piece of
32:45
software, a technology that is neutral, they even admitted it
32:49
themselves. The majority of the transactions
32:52
that was that the majority of transactions that went through
32:54
tornado cash were. Legit.
32:58
They were they were fine. They were legal but it doesn't
33:00
matter. A small portion of them, worry
33:03
legal. Therefore, we just might we have
33:05
to ban all this. It has nothing to do with
33:08
safety. Has nothing to do with financial
33:11
secure stability. Like the government always says,
33:14
this has to do with exactly what the sovereign individual passage
33:19
said. Businesses that offer services
33:22
that facilitate the realization of autonomy by individuals will
33:25
be subject to infiltration sabotage and disruption.
33:30
That's what this is about. They're losing power and they're
33:34
attempting to keep it Opti. What's up brother?
33:38
Well, I'm just going to Echo what any rug said in the chat.
33:41
Man, this shit is just so wrong and like the precedent that this
33:46
is setting for all open source developers is just, it's insane.
33:50
That the authoritarians are reaching this far, but I think
33:55
this is just further proof of what we've been saying on our
33:58
show for forever. That the powers that be have
34:01
lost control on their finding any way possible to try to claw
34:05
back that control. But this is very obvious at
34:09
least to me a violation of our first and fourth amendment.
34:13
I know this isn't the Netherlands and they don't have
34:15
the same Constitution that we do, but the precedent that is
34:19
being set here. Here is is absolutely insane.
34:22
Bitcoin is speech. Bitcoin is just a database
34:25
Bitcoin is just software. Its code.
34:27
Like this is should be protected under the First Amendment but as
34:34
we know the powers that be will do whatever they can to try to
34:37
stop the exit door. They will try to regulate
34:40
Bitcoin and any way possible. But I think this is just further
34:45
proof of what we've been saying that.
34:47
We are definitely in the then they fight you staged.
34:49
This is just there. Roundabout way of trying to not.
34:54
Not call attention to a full all-out war on us, but it's very
34:59
obvious to me just being this close to to the media Legacy
35:03
Media and covering the news that they definitely want to FUD
35:06
Bitcoin. They definitely want to stop the
35:08
masses from escaping their system and going into Bitcoin.
35:12
So they first fought it and now they are going to try to stop
35:18
anyone from using it and furthermore stop the Deb's from
35:21
from, you know, writing open source code.
35:23
But this is what cypherpunks do cypherpunks write code and I
35:28
know it's not going to stop anything.
35:30
People would just build better tools but the precedent that's
35:33
being set here by by the authoritarian.
35:35
Does is absolutely insane and it's really atrocious that they
35:40
could try to overstep this much. And, you know, like say what you
35:44
will about it being on Ethan, what have you?
35:46
But You know, if this spreads out into Bitcoin developers like
35:52
man, we are in for a fight and and this is just the beginning.
35:56
So we better buckle up out there.
35:58
I hope you guys, you know, I putting in your reps and getting
36:01
strong mentally and physically because shit is about to hit the
36:04
fan, and I don't want to be hyperbolic, but it's very
36:07
obvious to me that, you know, we are in the, then they fight you
36:10
stage. So, you know, absolutely.
36:13
We just got to be prepared 100%, this is the separation of money
36:17
and Eight. Did you think this was going to
36:19
be easy? Look, how Bloody the separation
36:21
of church and state was this is absolutely no different.
36:25
Any rug has a common said screwy, but all that kid was
36:28
trying to do is innovate within the open source ecosystem.
36:31
Yeah, don't don't and I get it because a lot of you guys are
36:35
Maxi so are we? But it has nothing to do with,
36:38
'if right? Heath is a shit coin, we
36:40
dedicate a lot of episodes to, you know, establishing that
36:43
fact. But it has nothing to do with
36:45
that. It has to do with this is some
36:47
kid. Fine.
36:48
He's writing open source for a shit coin, fine, but it still
36:51
doesn't change the fact that they arrested him for writing
36:54
code. They arrested him for writing
36:57
speech. That's literally what they
36:59
arrested him for and that is really scary stuff.
37:03
That's where we are. And I suspect it will continue
37:07
to escalate and what you could do, as an individual, as a
37:11
sovereign individual is, you could take Bitcoin into self
37:14
custody run your own node. Mice.
37:18
Trust when it comes to your finances and that way you know
37:22
you're going to protect your cell phone from whatever comes
37:24
and at the end of the day, I think we could just all go to El
37:26
Salvador, anyways. Anyways, Opti use your own.
37:30
Oh that's right. It's time for the daily fail
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What do we have today, optio? All right, all right.
38:38
Oh, God isn't this old? Yes.
38:39
But I wanted to, I wanted to lay some context here for the fail
38:44
today. So this is old news guys.
38:46
Just just to lay some context here, this Washington Times.
38:49
Of course, you remember the disinformation government board,
38:52
or as we like, to call it on Twitter, Biden's Ministry of
38:55
Truth and then just to keep going guys, remember that?
39:00
They disbanded the disinformation, or the ministry
39:04
of Truth? It's so I really like this
39:06
article title here by Forbes this information governance
39:09
board is dead. Here's the right way to fight
39:12
disinformation and if you look at the day this is May 18, 20 22
39:16
and the first one was May 2nd 2022.
39:19
Well yesterday, yes, yesterday we got this post by Disclose TV
39:25
and it goes new Clause. Schwab's World economic Forum
39:28
proposes, to automate censorship of hate speech and
39:31
disinformation with a, I fed by subject matter.
39:35
Spurt. So, let's get into this article
39:37
and let's just see how they are going to try to reinstate
39:42
quote-unquote the ministry of Truth.
39:44
They aren't going to do it officially because that isn't
39:48
going to work in. Like Nico told you guys on the
39:50
show, when we covered this, they aren't going to stop doing this.
39:54
They are just going to try to find a new way to control the
39:59
narrative. Hence, this is what we've been
40:01
telling you guys for weeks and months and probably years now
40:04
that they are Out here in full force trying to control the
40:06
narrative as we just covered in the news.
40:08
So let's get into this. I and I might do some more
40:11
reading than usual. I do have another fail but if we
40:13
go too long it is what it is. I really want to cover this
40:15
article and explain the insane thinking they have over here.
40:21
So you can see the article title goes, the solution to online
40:24
abuse, AI + human intelligence. And I really like this PSA, that
40:30
they have here in the beginning. Because remember, when I covered
40:33
the UNESCO #Think before spreading fail about how you
40:38
should fight disinformation, I'll leave it like that.
40:41
Anyways, this PSA readers, Please be aware that this
40:44
article has been shared on websites that routinely
40:47
misrepresent, content and spread information.
40:50
We ask you to take note the following the content of this
40:53
article is the opinion of the author.
40:55
This girl in ball, goldberger VP of trust and safety and not the
41:00
world economic forum. She is actually World economic
41:04
forum. Number.
41:05
So take that as you will second, please read this piece for
41:08
yourself, which we are going to do.
41:10
The form is committed to publishing a wide array of
41:12
voices and misrepresenting content only diminishes open
41:16
conversations. So I think they're talking about
41:19
us personal only, but let's literally read their words and
41:25
then we will discuss this. So, with 63 percent of the
41:28
world's population. Align the internet is a mirror
41:30
of society. It speaks all languages contains
41:33
every opinion and host a A wide range of quote on quote
41:36
sometimes unsavory individuals. Think she's talking about you
41:40
Bitcoin Max he's out there anyways as the internet so has
41:44
the Dark World of online harms trust and safety teams.
41:47
The teams typically found within online platforms responsible,
41:51
for removing abusive, content are challenged by an Ever
41:54
growing list of abuses. You can read them.
41:58
I don't know if I can read them on YouTube but anyways, the
42:02
solution, however, is not as simple as hiring another Room
42:05
full of content, moderators or building, yet another block
42:09
list, without a profound familiarity with different types
42:12
of abuses. And understanding of hate group,
42:14
verbiage fluency and terrorists language and Nuance
42:16
comprehension of disinformation campaigns.
42:19
Trust and safety teams can only scratch the surface.
42:22
A more sophisticated is required.
42:25
And as you can see, they are looking to find near perfect
42:28
Precision in this AI disinformation Thing by uniquely
42:33
combining, the power of innovation.
42:35
Dated technology all platform intelligence collection and the
42:37
prowess of subject matter expert to understand how the threat
42:41
actors operate. Scale detection of online, abuse
42:44
can reach near perfect position. So, while the internet played a
42:48
vital role in how these events and or perceived other changes
42:51
like the radicalization of extreme opinions, the spread of
42:54
misinformation and the wide reach of.
42:58
I'm not going to read that have been enabled by it.
43:00
This has resulting of New Slang, new methodologies are employed.
43:05
Does using link shorteners to hide a reference to a distant
43:07
from in website and online abuse tactics, such as all platform,
43:11
coordination of attack on minorities and they have a nice
43:14
little chart here about, you know, pretty much you guys out
43:17
there wearing this. Most of us are probably in this
43:19
age group of 18 to 29 years years old and how much you guys
43:23
have experienced, harassment online, man, you know, all these
43:27
bad names. And it's, what's that?
43:29
What they used to tell us, you know?
43:32
Sticks and stones may break my bones but words will never hurt
43:34
me. I think we forgot a few things.
43:36
Anyways, as you can see, traditional methods Aren't
43:39
Enough. The basis of most harmful
43:41
content detection. Methods is AI this powerful
43:44
technology relies on massive training sets to quickly
43:47
identify bulleted behaviors at scale while providing speed and
43:51
scale. I also lacks context this lack
43:55
of contact lead to over, moderating limiting free speech
43:58
on online platform or under moderating, which is Rs2 user
44:02
safety and contrast to AI human moderators and subject matter.
44:06
Experts can detect Nuance, online abuse and understand many
44:10
languages and cultures. This Precision, however is
44:13
limited by the analyst specific area of expertise, this limited
44:17
Focus means that for human, moderators to be effective.
44:19
They must be part of a large robust team.
44:23
The thousands of moderators tasked with keeping abhorrent
44:25
content offline, must witness it themselves.
44:28
Placing them at higher risk of mental illness and traumatic.
44:31
Disorders. All man, bad words too.
44:34
Many bad words on the internet, we must protect you for your
44:37
safety. Anyways, the trust and safety
44:40
intelligence solution to detect online abuse to achieve
44:44
proactivity, trust and safety. Teams must understand that
44:47
abusive content doesn't start and stop on their platform
44:50
before reaching mainstream platform threat actors Congress.
44:53
In the darkest corners of the web to Define new keywords.
44:57
Share URLs to resources and discuss new dissemination
45:00
tactics length. He secret places where
45:02
terrorists hate groups, CPS and information agent freely,
45:07
communicate can provide a trove of information. 14 seeking to
45:11
help keep their users safe. Sounds like they're infiltrating
45:15
these groups guys. Wink wink or maybe they are part
45:18
of these groups, wink, wink. Anyways, Banking and
45:20
intelligence, we've established that the standard process of AI,
45:23
algorithms for scale, and human moderators for position, doesn't
45:26
accurate adequately balance scale, novelty and nuanced.
45:30
We've also established that off. Platform intelligence collecting
45:33
can provide context and Nuance but not scale and speed to
45:36
overcome the barriers of traditional detection
45:38
methodologies. We proposed a new framework
45:41
rather than relying on a I do detect that scale and humans to
45:44
review edge cases, and intelligence based approach is
45:48
crucial by bringing humans. Multi-language all platform
45:51
intelligent to learning sets a, I will then be able to detect
45:54
Nuance novel online abuses at scale before they reach
45:59
mainstream platforms. Interesting.
46:03
Interesting supplementing, the smarter automated detection with
46:06
human expertise to review edge cases, and identify false
46:09
positives and negatives. And then feeding those findings
46:11
back into training sets will allow us to create AI with human
46:15
intelligence baked in this more intelligent AI gets more
46:18
sophisticated. With each modulation decision,
46:21
eventually allowing near-perfect detention detection at scale.
46:25
You can see on this chart here, the intelligence field approach
46:28
content, moderation, they got intelligence collected from
46:31
millions of Sources, their training sets is fed to the AI
46:34
and then these Edge findings are fed to subject matter experts
46:38
and it's a feedback loop that that that you know, iterate on
46:42
and then they identify high risk items and they remove content
46:47
warning, labels are other actions.
46:48
The outcome, the lag between the Advent of Novel abuse tactics.
46:52
And when AI can detect them is, what allows online abuse to
46:55
proliferate, incorporating intelligence into the content.
46:58
Moderation process allows team to significantly reduce the time
47:01
between When new online abuse methods are introduced and when
47:04
AI can detect them in this way, trust and safety, teams can stop
47:08
threats Rising online before they reach users, man.
47:13
Anyways, Nico, I bring all this up because as you guys know, I
47:18
am the in-house propagandist over here at simply Bitcoin.
47:21
And I love seeing when the powers that be dropped their own
47:25
propaganda. And they tried to spin it in a
47:27
way to make you feel like you are being protected.
47:31
Stood, like they are doing this for your safety because man, all
47:35
those mean, words on the Internet, it's bad for your
47:38
mental health. It, you know, you're so weak
47:42
lily-livered people out there that you cannot deal with mean,
47:45
words on the Internet, it's not like they've ever heard about
47:47
mute buttons or block buttons, I don't know.
47:50
Anyways, what does this mean to me?
47:52
It's like I set in the context of this before.
47:55
I went into the article, in my opinion, what is having here?
47:59
This is them simply releasing PR So that they can do what we said
48:03
they would do that. They would find ways to make
48:07
sure that the ministry of Truth. Could continue to control the
48:10
narrative. And this is why we show up every
48:14
single day because we have to counter these ridiculous
48:18
propaganda pieces and they even had the PS a-- at the beginning
48:22
about that. The People Like Us alternative
48:26
media sources would would take their articles out.
48:31
Context and spread misinformation based on their
48:34
own words and guys, I literally read you what they said and it
48:42
sounds exactly what we've been saying for a long time that they
48:45
are trying to control the speech.
48:47
They are going to use quote-unquote experts and AI to
48:51
make sure that they can better and faster clamp down on false
48:57
speech and false thinking. So if you are a wrong, Anchor
49:02
out there, which I am pretty sure you would be classified as
49:04
one because you are a bit corner.
49:06
You are a psychopath, illiterate Bitcoin are out there and you
49:09
are super toxic and saying mean words on the internet, they want
49:12
to control how you think and furthermore the information that
49:16
gets to you guys, if you can't get access to free information,
49:22
how else are you going to know the truth?
49:23
And like, we stead in the news portion, they are also trying to
49:27
stop you from freedom of speech. So They are trying to eliminate
49:32
your your right to speak freely and furthermore, your right to
49:36
gather information freely. Like, is this not just 1984 Big
49:42
Brother stuff happening in real time and then and then they're
49:44
trying to spin this like we like we're The Crazy Ones making
49:48
stuff up. This is your words Klaus Schwab.
49:51
This is your words World economic Forum.
49:53
You guys want to control the narrative and make sure that the
49:56
right thinking gets cleared up before it hits mainstream.
50:00
I was like this is absolutely atrocious and and I say it all
50:03
the time. This is why we do this show
50:05
because we have to counter this narrative because if it's not us
50:08
and Who Legacy Media is bought and paid for.
50:11
So we come here every day showing you the receipt of what
50:15
their propaganda is going to do. And remember, guys you guys are
50:18
all propagandist whether you like that word or not you guys
50:21
are propagating means and propagating the truth and
50:23
pushing the signal out there so other people can get it anyways.
50:27
Nico Am I the crazy one? Am I reading into this because I
50:31
know you always gotta pull me back but man, this is crazy.
50:36
Not at all man. Not at all.
50:38
Like you know what it, the reason it sounds so crazy
50:42
because it is crazy but we're living through.
50:45
I love this quote, it goes something like, there's decades
50:48
that nothing happened, and then there's years that decades
50:51
happen, and we're living through that.
50:53
We're living through a fourth turning right now.
50:56
And yeah, it's absolutely Wild. Old dude.
50:59
Look, they deep platforms. A sitting president whether you
51:04
agree with his politics or not they you know the the the hunter
51:10
Biden laptop thing, right? They just took that off of
51:14
Twitter. Again, whether you agree with
51:16
the politics are not irrelevant. The fact that they're doing that
51:19
is insane. Then you have, you know, the the
51:24
Deep platform of anybody who talked about the pandemic not,
51:28
Not, you know, talking among the party line right dady platforms,
51:33
anybody who remember you were called to conspiracy theorists.
51:36
At one point, if you were pointing out that there was
51:39
inflation that there was a recession, they're redefining
51:42
things. And the reason that you're
51:45
seeing this Push by by the world economic forum is because what
51:50
they're what they're trying to do is that they're trying to
51:52
centralize information again and again and they only want the
51:56
so-called credentialed. Checkers to have the final say
52:01
and the internet is literally throwing a wrench in their
52:04
plant, because it gives everybody the ability.
52:09
The ability to communicate directly to each other.
52:12
I know a Matrix Matrix and Matrix and seeing right now.
52:15
I don't know what's going on. Let me see, let me try lowering
52:18
down. Clear to me, I don't know.
52:20
You look, let me try it. There we go.
52:21
I lower down the definition. Let's see if that helps a little
52:24
bit, but yeah, no, there right now.
52:27
It's clear. What's happening, right?
52:29
They are losing their Monopoly on information and they don't
52:33
know what to do about it. They have absolutely no idea
52:36
what to do about it. So what are they trying to?
52:38
They're trying to do. They're trying to censor and
52:40
they're trying to say you, you dirty peasant, you dirty
52:44
deplorable. You can't think for yourself,
52:46
you need this so-called expert who's bought and paid for who
52:49
was absolutely taken to school by the decentralized hivemind of
52:54
the internet and of course they can't have it.
52:57
So yeah you have attempts by by the European Union.
53:01
Also they want to you know stop disinformation.
53:03
You have an attempt by the world economic Forum in the United
53:07
States. Thank God for free speech.
53:08
Right? They tried you could never have
53:11
imagined this in this country. They try to the current
53:14
Administration tried to pass in the Department of Homeland
53:18
Security, which is a police. It's a law enforcement agency to
53:21
have a disinformation board. And the lady that was heading
53:25
that this information board got caught do using disinformation.
53:31
So again, it's not about this information, that's the
53:33
marketing term. It's about the fact that the The
53:36
Establishment, the powers that be He wants you to believe a
53:40
certain thing. And if you talk against that you
53:43
are other D or D platform to write think about what has
53:47
happened in the last two, three, four years, put the politics
53:53
aside, the politics are irrelevant.
53:55
And the reason we cover this is because the fight for free
54:00
speech is the fight for Bitcoin, and it's already coming.
54:04
Now they just developed an open source software.
54:08
Developer because he wrote a piece of text that the
54:13
establishment did not like and why is this all happening?
54:17
I'm going to write an article about it.
54:19
What we're witnessing what we're all living through right.
54:22
Now we're living through the disintermediation of
54:25
information, which is what the internet and social media did.
54:28
And we're also living through the disintermediation of money.
54:32
Governments, no longer have a monopoly on The Gatekeepers of
54:36
information and they no longer Monopoly on the creation of
54:40
money, and this is them short-circuiting, trying to keep
54:44
that power that's slipping through their fingers and that
54:47
is the fight for our time. That is the fight that we're in
54:50
for. If we win Humanity, will have a
54:53
freedom Renaissance, the world the, which has never existed in
54:57
human history, that's something that will continue fighting,
55:00
like, hell for. But anyways, hold on, hold on.
55:03
People, we go, you need some, some bars right there.
55:07
I just got the shit. Purrs, but I think we got to
55:09
move on with, let's get to the memes.
55:12
Yep, let's get to the memes. I'm for the daily meme review,
55:17
brought to you, by Citadel 21. It's the best.
55:18
Bitcoin cultural scene is stories articles Comics, by
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actual bitcoiners artwork for volume. 10 is artwork for volume
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Volunteers, almost sold out because there's only a thousand
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physical copies made per volume. Get your prints of Seville 21
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today before they run out. Let's go, guys.
55:36
All right, so before we go remember to put your mean review
55:40
score in the YouTube chat and we will read them at the end of our
55:43
meeting review, of course Nico. Of course I had to put this one
55:47
in be considering I am the in-house.
55:50
True Seeker. So shout out the dream and
55:52
Bitcoin and he goes as of this morning and there's a picture.
55:57
And it's a guy holding a little meat sandwich, or some snacks
56:00
and it says your bit cold one and then a crazy dog fish.
56:04
It is Black Rock. I love this one.
56:06
I love this one. And then, furthermore, of
56:08
course, a back to me being the in-house, true Seeker shafts out
56:11
to ultra Solomon or Solomon Ultra.
56:13
And this is like it mean for member, we always say, memes,
56:17
paint a picture. What's it paint?
56:19
A story in a single picture of a thousand words or whatever.
56:22
The meme is, you already know the mean within the me, many
56:25
ways he goes, was Larry using his BlackRock CL position to
56:28
flood Bitcoin, all along. Now, that the Normie sold
56:31
thinking Bitcoin was bad for the grass.
56:33
Our Valen Larry steps in with mountains of cash and he's a
56:37
guy, Kermit, the Frog down here goes so BlackRock said Bitcoin
56:41
is bad for the environment for over a year.
56:43
Now they want to buy that a four-year low, Kermit drinking
56:47
tea but what do I know? What do we know?
56:49
We are just plebs out here with Bloomberg's accounts and went
56:53
you know we're following misinformation sites and we're
56:57
just seeking truth. We are just true.
56:59
Seekers, what do we know? Anyways, this one's by brekkie
57:02
bomb Bitcoin eagle. As when you seen the shit coin
57:05
scans before and, you know, better and it's a cat that is
57:09
not fazed by the laser pointer and then all the noobs shit
57:12
corners getting rekt going this way.
57:14
And that way chasing the laser but the Bitcoin Maxie is
57:18
unfazed. And then this this one
57:21
considering the news today, I thought this one was very
57:24
fitting. I'm pretty sure you guys have
57:26
all seen in glorious bastard. A great movie.
57:28
And this one buy Bitcoin qana and he goes you're holding
57:31
privacy devs under your floorboards are Jus a play on
57:36
that famous scene at the beginning of that movie.
57:38
Great great meme. Next.
57:40
This one is absolutely hilarious.
57:42
And I literally looked this up to make sure it wasn't a fake
57:45
news story, but this one's by heck Manatee and he goes.
57:49
We have a new Contender for funny as headline of the year.
57:52
And it says, stop putting laser eyes and Joe Biden's eyes.
57:56
And they are. They're trying to make this.
57:58
I think they're trying to make this into something, it isn't.
58:00
But I looked it up, guys. And Yes, this is an actual
58:05
article. I don't know if I want to link
58:07
this but you can look it up for yourself.
58:10
And then next this week we of course got the IR.
58:13
S-- news about them getting 87,000 new agent.
58:17
Plus the other news of that them, buying a whole bunch of
58:21
weapons. So we got this mean by being
58:25
libertarian. It goes, Gamers eagerly awaiting
58:28
the release of Call of Duty IRS auditor.
58:32
It's a Babylon, be Most, but it's a great meme, Call of Duty
58:36
IRS auditor. And he's got to frickin
58:39
semi-autos. That sounds like a fun game.
58:42
Not going to lat. Anyways, on the same point.
58:44
This one's by Rasmus. And this is what is this?
58:50
Always, sunny meme. I'm literally blanking right now
58:53
on Danny DeVito, and it goes IRS is Danny DeVito, and it goes.
58:57
So, anyways, I started blasting. I know you guys know that that
59:01
message or that Meme right there.
59:03
So so my score for today guys, I know you guys are concerned
59:10
about Niko's Black Book of Secrets.
59:13
But look I got opt he's awesome book here that I got at the
59:18
Bitcoin mag conference. It's a future has arrived.
59:22
It's just not evenly distributed yet.
59:25
And look at all these cool stickers, I got here at the
59:28
conference, fix the money, fix the world Bitcoin applied
59:32
anarchism And of course, the Pepe the Frog meme with Bitcoin
59:38
eyes, barely, see it. And shout out to our boys over
59:43
at Bitcoin company. Love you Ben's anyways Nico,
59:47
what's your store? The Benz.
59:49
Yeah, shout out to the Bitcoin company.
59:52
Awesome company. Anyways dude, I was going to
59:56
give it my Black Book of Secrets, but I've already given
59:59
it. So what I'm going to do is I'm
1:00:01
going to give it the back of my black book of scams.
1:00:04
Grits and look it has a little thing.
1:00:08
That I can close my journal with and can open.
1:00:12
Camp that's called Singularity. That is that it this is the
1:00:17
original is the original Hardware wallet.
1:00:22
Anyways guys, we want to know what would you give those memes?
1:00:26
Drop your score in the chat make Opti and I feel uncomfortable
1:00:31
while reading the score Z logic says Whoa, classy camo Pepe.
1:00:37
Any rug says, I'll give these a bar of surf wax.
1:00:42
You're quoting it. So did it come from somebody and
1:00:46
Bitcoin. Becca says, The Bitcoin Becca
1:00:50
says they're sorry Andrew. Nope we are on this one.
1:00:55
Are you go XE? The black books are multiplying.
1:00:59
This is true, this is true. All right, moving down, we have
1:01:02
Bitcoin back as she says. I give those memes my black book
1:01:05
with a pleb underground silos or it's a lark, Becca post or it's
1:01:11
a LARP Extermo says, I give it a doctor's appointment, business
1:01:16
card. BTC pins says I give those memes
1:01:22
some corn and I love corn. Fumble says I give it Sailors
1:01:30
left balls. Logo says, I love corn.
1:01:35
Anyways, this is a, those are good scores.
1:01:41
Anyways, guys, join our awesome telegram group.
1:01:44
The link is down below where you could link us some memes to
1:01:47
review on the Bitcoin mean review.
1:01:50
We also stream live on Rumble.com and our personal
1:01:54
favorite Bitcoin tv.com. If they start, plucking
1:01:58
bitcoiners off of YouTube off of the mainstream platforms, you
1:02:02
will always find us. On bitcoin TV.
1:02:04
We will be there, rain or shine Monday through Saturday 12 p.m.
1:02:08
Eastern Standard Time, anyways, after there was a nope.
1:02:11
Nope, there wasn't a software release.
1:02:13
But I'm going to play the software release because it kind
1:02:15
of is it's an update. It's a software update anyway,
1:02:18
so check it out. Bitcoin software release.
1:02:23
All right, before I get it before I get, put it up and then
1:02:26
you can cover it. Yeah, before I get to that, I
1:02:29
also want to give a shout out to her awesome.
1:02:32
Awesome sponsor partner Cipher safe dot IO.
1:02:35
Don't store your seed on paper paper is what it's not.
1:02:40
It's you can get it wet. It will destroy the paper.
1:02:44
You could also catch it on fire. A dog.
1:02:46
Could eat it. Storing your Bitcoin seed and
1:02:49
your generational wealth on papers.
1:02:51
Not a good idea. Which is why you have to store
1:02:55
it on steel and there's no better steel.
1:02:58
Then the cipher safe, get yourself a Cipher wheel or
1:03:02
Cipher grid. Protect your future, put your
1:03:05
Bitcoin seed on steel. Anyways, Opti, what do we have
1:03:11
for today? Hold on, let me Zoom this in
1:03:15
well guys. Apparently we got another data
1:03:19
leak, involving another third party.
1:03:20
Vendor this is I think, actually I I'll take it.
1:03:24
Don't worry. So, I think, actually, this had
1:03:26
to do with the same one. Yes.
1:03:30
So this is Casa. Casa is an app.
1:03:33
It's used for multisig and they had another data leak, right?
1:03:38
And this is following swans data week data leak earlier on in the
1:03:42
week. Apparently, both companies, did
1:03:46
it have any? Important information.
1:03:50
However, big however. Oh wow, hold on a second.
1:03:55
Look at look at that. Look at that for Casa.
1:03:58
What information was disclosed? So this was a lot worse than the
1:04:02
swan. This was a lot worse than the
1:04:03
swan. This was your first and last
1:04:06
name email address phone number shipping address, billing
1:04:11
address. Well, that is bad.
1:04:16
That is really really bad. Why is this bad?
1:04:21
Look. I like I like Casas product.
1:04:25
However, at the end of the day, what are they for?
1:04:30
They're they're literally the purpose of Casa is to help you
1:04:34
secure your Bitcoin. And now with this leak, people
1:04:40
have your first, your last name and your physical address.
1:04:46
So it company that was supposed to protect you from a five
1:04:49
dollar rent attack. L physical address.
1:04:55
If you bought from the casa store, I don't know what that
1:04:57
means. They, it's like, so it has a
1:04:59
store on their, on their website, where they were
1:05:01
selling, like the casa node. And, you know, like merch and
1:05:04
all that stuff. So man.
1:05:07
So apparently it wasn't for the multisig stuff but still man.
1:05:11
Still, what if you're like fine, you have a random name, right?
1:05:17
But what if what if you're like a well-known person?
1:05:21
That's rough man. You have a well-known person.
1:05:24
You're trying to up your security.
1:05:25
You by you go from the cost of store you buy yourself a
1:05:28
hardware wallet on the cost of store and now someone knows your
1:05:32
address man. Like that is rough.
1:05:37
That is that is a, that is rough because that is the purpose of
1:05:41
what it is. You're trying to do and on the
1:05:43
same week, of course, you know, you have swans.
1:05:45
Swans wasn't even. It wasn't as bad, right?
1:05:49
But it's his to bitcoin companies in the same week man.
1:05:53
It's a rough stuff. Rough stuff.
1:05:55
Now, obviously the bright side of this is that I guarantee you
1:05:58
they're definitely going to, you know, improve some things
1:06:00
security-wise. Hopefully you know, the The
1:06:04
Reliance on third parties, but who am I?
1:06:06
I don't run a company. So they're definitely trying to,
1:06:09
you know, they're trying definitely trying to save money
1:06:12
in terms of not building out as much back end.
1:06:16
And look, Andrew Williams, actually has a good cost
1:06:19
comment, he says with Casa, they are likely to be high net worth.
1:06:26
Casa leak is a huge fail and Swan should get their shit
1:06:29
together to yeah. So on is getting their shit
1:06:31
together. But yeah, this is a this is this
1:06:35
is some this is some bad news man.
1:06:37
But again, I'm big fans of those companies.
1:06:41
I like what cost is doing, I love what swan is doing.
1:06:44
But, but yeah, this is a guys, we always told you from the very
1:06:48
beginning, simply Bitcoin sensors themselves to no one, we
1:06:51
always promise you guys, it will tell you the Treecko before we
1:06:55
go on and This one out, I want to Echo.
1:06:57
This guy's you need to reread. Nick saw bows, third parties are
1:07:00
security hole to remind yourself that.
1:07:02
Third parties are a security hole.
1:07:06
Yeah, so at the end of this, I think that, you know, this is a
1:07:10
hard learning experience. If you don't make mistakes, you
1:07:13
don't learn. And I do like the fact that Nick
1:07:16
Newman Casa Cielo got ahead of it and I do like the fact that
1:07:20
core eclipsed in CEO of swan also, he was actually one of the
1:07:23
first to admit, hey, look, this is what happened.
1:07:26
So, I like the fact that they took responsibility a lot of
1:07:29
other companies, especially the shit coin companies, don't do
1:07:31
that. So at least there's a bright
1:07:34
side to this, but yeah. Still sucks.
1:07:37
Anyways, I also want to give a shout-out to our awesome
1:07:40
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Guys, that was our show. Thank you so much for joining
1:08:16
us. This is simply Bitcoin live.
1:08:17
So we are going to make mistakes because it is a live show.
1:08:20
But at least that adds to the authenticity of the show which
1:08:25
before in the pre-recorded show I took all of that out.
1:08:28
It really helps us specially. If you found this content
1:08:31
valuable to you really helps us if you leave a comment, if you
1:08:34
smash the like button, And if you really, really like this
1:08:37
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1:08:40
you subscribed. I also want to give a shout-out
1:08:42
to Jacob from Swan. Jacob, the producer from Swan
1:08:46
Bitcoin. He helps us host the Twitter
1:08:49
spaces which opt he's going to be there and a little bit.
1:08:52
We host the spaces all the way to 2 o'clock, and I also want to
1:08:55
give a shout-out to Hans. He helps us with the research.
1:08:59
Shout out to you brother. Also, check out SATs for life.
1:09:02
He is the new simply Bitcoin writer, check out Simply
1:09:05
Bitcoin. News.
1:09:06
I will take you to the simply Bitcoin sub stack guys.
1:09:09
That was our show. We love you all.
1:09:11
We'll be back for the Saturday special.
1:09:13
We have some very interesting things that we're going to cover
1:09:16
the weekend. Episodes are a little slow, but
1:09:18
we cover subjects that we don't have time to cover cover cover
1:09:23
on your cover during the week. So anyways, guys, we will see
1:09:26
you on the next episode of Simply Bitcoin.
1:09:44
Which one's the best crypto asset will Bitcoins the best
1:09:46
crypto last. Okay, what's the second best?
1:09:49
There is no second best.