Latest / Simply Bitcoin / Harvard: Central Banks Buy Bitcoin or Go Broke | EP 624
Transcript
- 0:16Yo welcome to Simply Bitcoin. Today is November 23rd 2022 when
- 0:21your number one source for the peaceful Bitcoin Revolution, we
- 0:23covered breaking news culture, Meemic Warfare will be your
- 0:26guide. Your guy through the separation
- 0:29of mistake speaking about the separation of money state would
- 0:33first hold on a second. I'm back yesterday was a total
- 0:36cluster. F someone literally backed up
- 0:40into my internet box outside of my house.
- 0:43Like 15 minutes before the show. That's a hell of a coincidence.
- 0:47If it happens again, like I don't know, man.
- 0:51I guess people don't like what we're saying.
- 0:53Anyways, Harvard University, or member better said, a better
- 0:58someone who teaches economics and part of the, you know, the
- 1:03professor what not, he wrote this paper about how countries
- 1:07specifically countries that are affected by us, sanctions should
- 1:13Hap's adopt and start buying Bitcoin, their Central Bank
- 1:17should start buying Bitcoin. As I thought that was really
- 1:20fascinating because that's basically what we've been
- 1:22telling you. Even we've been making the
- 1:24argument the fact that the office of foreign assets
- 1:27control, which is a part of the US government, which is
- 1:30appointed. It's Not Elected, right?
- 1:32The treasures. The US treasuries is appointed
- 1:34by the president is getting to pick and choose who is entitled
- 1:39to use money or not. And the problem is that, when
- 1:41you weaponize the dollar, the way they have, Have that creates
- 1:45a very strong incentive for other countries to find an
- 1:49alternative that can't be censored sees and what not?
- 1:53And the problem is that, you know, the alternative prior to
- 1:58bitcoin you could have made the argument.
- 1:59It was another fiat currency, you could make the argument that
- 2:02it was gold, right problem. Is that, now, the alternative is
- 2:06Bitcoin, which in fact, is better than the US dollar,
- 2:10right? So, this weaponization of the In
- 2:13Sea of the dollar because the because the dollar is the global
- 2:17Reserve. Currency, might be the undoing.
- 2:22In might be the final nail in the coffin that has incentivize
- 2:26other countries to find Alternatives.
- 2:29And I think that's exactly what happened that I think that's
- 2:31exactly what this Harvard paper and the coinciding political
- 2:37article makes the argument for, and it's very fascinating, I'm
- 2:40really excited to talk to you about that today.
- 2:43But I Ways before I also want to give a very special shout-out to
- 2:46Opti, and the reason I want to give a very special shout out to
- 2:49him, is literally yesterday, I put him on the spot to host the
- 2:53show, 15 minutes before we went live, okay?
- 2:57And that is no easy feat. So, shout out to you, man.
- 3:01I think you did great. I think the Opti special, this
- 3:05is fine. Did great.
- 3:07And I really appreciate you for pulling that off, because that
- 3:10was definitely not easy and I think you handled it like a
- 3:12champ. Well, thank you Mica, thank you
- 3:15guys. You know, hey it's just part of
- 3:18what we do over here. The show, don't stop.
- 3:20We what we're going through the gauntlet and hey, it is what it
- 3:24is. We get better while we go
- 3:26through the flames and just to your point, you know, very very
- 3:31interesting. Things to be seeing this article
- 3:33come out, it's almost like you can't stop the Bitcoin signal
- 3:37and we've been right all along so hey you know again Bitcoin is
- 3:41Vindicated. I hope you guys watch that Eric
- 3:43case. Jean interview last night
- 3:44because it was Liddy and again, Bitcoin is Vindicated.
- 3:48But the culture guys, we dropped a, we dropped an epic article on
- 3:54simply Bitcoin dot news and it is called the hoarding will
- 3:58continue until morale improves. And I'm going to read some of it
- 4:01because I couldn't do our boy base money, Tech Justice if I
- 4:06didn't read his own words and I think you guys are going to get
- 4:09jacked up when I read this guy's, I got me hyped up
- 4:12yesterday morning. So you guys are gonna get you
- 4:15guys are gonna have a good show today.
- 4:16I know for a fact you guys are going to leave this one.
- 4:18Really excited and pumped up. Hell yeah, let's do.
- 4:22Let's do some justice for everybody tuning in.
- 4:25And let's start the show everybody and I got a, I got an
- 4:28interesting video for you guys. During the numbers that I think
- 4:31some of y'all will appreciate. Let's check it out.
- 4:36The Bitcoin numbers brought to you by novel.
- 4:39At this point, you should be running your own Bitcoin note.
- 4:42If you don't use your own Bitcoin node, you're trusting
- 4:45someone else's run your own version of Bitcoin core.
- 4:48The lightning Network, whirlpool, and Dojo all from the
- 4:51comfort of your own home. And if your digital Nomad, you
- 4:54have absolutely no excuse because now you can run a novel
- 4:58through a virtual private server.
- 4:59Visit not L.E you today That's right everybody stop trusting
- 5:04other people man. The bad things happen when you
- 5:07trust other people with your money, it's just basic human
- 5:12nature, dude. Like you're looking at a pile of
- 5:14cash, what are you gonna do? What are you gonna do?
- 5:18You requires a whole lot of Integrity for not for you, not
- 5:22to do something bad with that. And there's only a few amount of
- 5:25people around this world that have that level of Integrity.
- 5:29So instead of relying on other people, Seeing other people,
- 5:32right? Which is exactly what you're
- 5:33doing. If you're not running your own
- 5:34Bitcoin node, you're trusting someone else's take that
- 5:37personal responsibility, learn how to run your own node.
- 5:40And if you don't want to build one yourself, you can always buy
- 5:43one and of course the one that we suggest is responses model,
- 5:45so definitely go check them out, they're awesome.
- 5:48Anyways the Bitcoin price at the time of recording is 16350.
- 5:51SATs per dollar 6,000 117 block height is 760 4432 reachable.
- 5:58Bitcoin knows where it 15,000 472 lat.
- 6:01So The Happening where it's 75,000 568, having estimate
- 6:06word, April 22nd 2024 total lightning network capacity,
- 6:10where it 5079 Bitcoin which is roughly eighty three million
- 6:15u.s. dollars and realize monetary inflation were taking
- 6:18the US dollar to Absolute school.
- 6:19Once again we're at one point seven seven percent and of
- 6:23course, the market capitalization of Bitcoin still
- 6:27tiny tiny in the grand scheme of things.
- 6:29Of course, we're sitting at Hundred and fourteen billion
- 6:33dollars. I have a very interesting video
- 6:35for you guys and opting are going to react to it.
- 6:39It is Kanye West scanned you know one of these crazy, they
- 6:43call themselves The Elite from you know from Davos and talking
- 6:51about what I believe, you know, governments want the future of
- 6:55money to be and that future of money is something that I
- 6:58described every time I say Bitcoin or slavery and When I
- 7:02say Bitcoin obviously, I mean freedom, and when I say slavery,
- 7:04I receive, I mean, Central Bank, digital currencies, and the
- 7:06power that's going to give a few bureaucratic Elite to get to
- 7:10pick and choose what you can't say, what you can do, what type
- 7:13of eat, what type of meat you eat, or what type of meat you
- 7:16don't eat what type of car, you drive.
- 7:19And I don't think anyone deserves that type of power and
- 7:22I think bitcoiners fundamentally believe that.
- 7:25But anyways, this check out this video and then we'll talk about
- 7:28it. It's really interesting.
- 7:31Where are they traveling? How are they traveling?
- 7:33What are they eating? What are they consuming on the
- 7:36platform? So individual carbon footprint
- 7:40tracker. Hmm they tuned.
- 7:42We don't have it operational yet but this is something that we're
- 7:44working on, I went from being a multi-billionaire to not being
- 7:50able to use my Apple pay for nights ago, I couldn't use my
- 7:53Apple pay because somehow Adidas was able to legally go in.
- 7:59And freeze my money. And when I see this, I think,
- 8:03well, if this could happen to me, this could happen to other
- 8:05Americans and for what, you know, this can happen to an
- 8:10American That didn't even steal anything.
- 8:15That didn't even hurt. Anyone, this could just happen
- 8:18to you for saying the wrong idea out loud for expressing
- 8:22yourself. Oh man, oh man, the first part
- 8:28is Guy saying the quiet part out loud.
- 8:30And and the and care costs on to this yesterday, perfectly evil,
- 8:36you're dealing with evil. You're dealing with people that
- 8:38don't have the ability to self reflect.
- 8:40What is the fat? What it is?
- 8:43In fact, they are advocating for which is absolutely terrifying.
- 8:49The guy said that with such enthusiasm, We get to see what
- 8:53you're doing. We get to see what your
- 8:54spending, we get to see what you spent carbon footprint baby.
- 8:58And it's like, what the fuck is wrong with you?
- 9:01And I bet you that guy flies on a private jet, anywhere, he
- 9:04wants to go. Number one, number two, look
- 9:08Voltaire quote, I think is perfectly in perfectly fitting
- 9:11to this. I might not agree what you have
- 9:13to say, but I will die for your right to say it.
- 9:17Something along those lines and paraphrasing, and I think the
- 9:21perfectly agree, He's with Kanye.
- 9:22I don't fundamentally agree with a lot of things that Kanye said,
- 9:26I think a lot of them were really in fact, anti-semitic and
- 9:29racist. And I don't think that there's
- 9:30any place for that, but I still don't think it's right for Pete
- 9:36for him to get the platforms for him to, you know, not be allowed
- 9:41to use money or just to be canceled the way he was.
- 9:46And remember guys at the end of the day Bitcoin functions a very
- 9:48similar way, right? You do have to be okay with your
- 9:52enemies using Bitcoin, that's why they called Bitcoin the
- 9:54money of enemies, right? So you know, that's the world
- 9:59ahead of us. If it wasn't for Bitcoin that
- 10:02that it's literally where technology is going.
- 10:05And that technology is going to enable governments to control
- 10:09their populace. The likes of, which has never
- 10:12seen been seen before in human history.
- 10:15We're kind of getting Sneak peek of that in China PayPal, right
- 10:20with their terms of service, or they sneak them in then when
- 10:22they got the public Clash that backlash, they kind of took a
- 10:25step back, right? Yeah.
- 10:28These people want to use money to control you.
- 10:32They want to use money to basically force you to behave, a
- 10:37certain way. And what is that, but not
- 10:41slavery. What is that?
- 10:44But not slavery and and that's why that's why I say and I say
- 10:48it proudly and I really mean it it's not hyperbolic just things
- 10:54that we say on the show that perhaps you can make an argument
- 10:56that they are, maybe hyperbolic but bitcoiners slavery, is not
- 11:00one of them. It's not and it's very clear
- 11:05that that is the future that they want for you.
- 11:08They want to get to decide. If you could buy meat, if you
- 11:13could drive is true, a certain place.
- 11:15If you could say certain things and the other alternative is
- 11:19Bitcoin, Bitcoin doesn't care where you're born, what your
- 11:23color is, where you're from, It just is and it just works.
- 11:29So eventually you're going to have to pick what you want for
- 11:35your life, not only for your life, but for your family and
- 11:38it's going to be a very important decision and it would
- 11:44be a very consequential decision and makes a whole lot of sense.
- 11:49Why Kanye is wearing a Satoshi hat?
- 11:51Doesn't it right? Because when you take people's
- 11:55art, Alternatives away. Human beings are very naturally,
- 12:00they're resistant and they're adaptable.
- 12:03And they find Alternatives the unfortunate part for governments
- 12:06though, we're going to get to this during when we cover the
- 12:09Harvard section is when people find this alternative They ain't
- 12:15going back, bro. It's a one-way Street, Andreas
- 12:21Antonopoulos made this amazing video essay or lecture a couple
- 12:26years ago and it was a big influence of me on how I got
- 12:30orange peeled. And this lecture is called the
- 12:33Golden cage of banking and I really suggest you guys check it
- 12:36out. And basically just to kind of
- 12:39summarize it, they built themselves a cage and they
- 12:43thought that this moat was bulletproof and they thought
- 12:46that this moat was going to protect them from competition.
- 12:48Shin but this mode that they've built themselves through
- 12:51regulation, KY caml, all that good stuff is going to be the
- 12:55inevitable downfall. They built themselves, the cage
- 13:00on which they themselves are drowning in, and people are
- 13:03finding a way to escape out of that cage and they're like it's
- 13:07really nice out here. Why do I want to go back in
- 13:09there and they're angriest. Fuck saying no you got to come
- 13:13back in here. You got to come back in here but
- 13:15now we got a key. And that Keys Bitcoin.
- 13:19And I think the more totalitarian these crazy
- 13:22motherfuckers get The more people will open their eyes to
- 13:26the reality and I think that's exactly what's happening.
- 13:30That's why that's why Kanye is wearing a Satoshi shirt.
- 13:34That's why inevitably he will be talking about Bitcoin.
- 13:38That's why I inevitably the whole world will be talking
- 13:40about Bitcoin because these Psychopaths can't help
- 13:44themselves. But to try to control you.
- 13:49And Bitcoin is your protection from that.
- 13:51So it's what I got to say Opti. What about you bro?
- 13:55Hold on, hold on. Well first and foremost that
- 14:00first video you put on man I think we've been saying it for a
- 14:03long time on the show that they are saying the quiet Parts out
- 14:06loud guys they want to completely control you.
- 14:09I know I know when Nico first started on his journey of saying
- 14:13bitcoiners slavery people, we're thinking that we were being
- 14:16hyperbolic but the more you go down that rabbit hole in the
- 14:20more, you understand things in the more you put the dots
- 14:22together, it is very obvious that these megalomaniacs want to
- 14:25control every aspect of your life.
- 14:28And they're not even ashamed about it like that, they're not
- 14:31even trying to hide this fact anymore.
- 14:33They're just like straight up, you know, on the front news just
- 14:37saying like yes we want to control every aspect of your
- 14:40life, you know, trust us. We are the experts put this in
- 14:44your body put this, you know, make sure your transacting on
- 14:47this network so that we Shut you off so that you can't save so
- 14:50that you can't build a future for you and your family and, you
- 14:53know, like we're the good guys here.
- 14:54It kind of reminds me of what Eric caisson was saying last
- 14:57night in the interviews. Like how are bitcoiners, how are
- 15:00we? The bad guys?
- 15:01When all we really want to do is save in a money that isn't
- 15:04debased and we're being looked at like freaking criminals like
- 15:07we are crazy. It's like there's just one
- 15:10simple thing we want to do and it's make sure that we take back
- 15:13our money and to the point you know that that yeah is talking
- 15:17about, you know? Yeah.
- 15:18Yay, Bitcoin fixes this. I really hope but that you come
- 15:22around and you start pushing Bitcoin.
- 15:24Once you understand exactly what Bitcoin is.
- 15:26And what this peaceful Revolution will do for Humanity
- 15:29and will do for for the people out there.
- 15:31And and like you said, man, Bitcoin is a neutral money.
- 15:35It's a money for enemies. Say what you want about, what
- 15:39what ye said, what? What?
- 15:40Maybe he believes. But I fundamentally believe that
- 15:43everyone in the world should be able to transact on a neutral
- 15:46Network. A network that Isn't controlled
- 15:49by a small cabal of people that can tell you who, you can't send
- 15:52your money to and furthermore be coerced to use a money that
- 15:56steals from you. Like this is why we are
- 15:58bitcoiners and I really loved how ye put it in that video.
- 16:02Like if this could happen to a billionaire like this can happen
- 16:05to an average person and and that should be absolutely
- 16:09terrifying for all us average bitcoiners out there.
- 16:11You know, the Bitcoin pledged it's like guys I know we have
- 16:14opted out of the system and we are bitcoiners now but man.
- 16:18An the majority of people out there, you know, as they pick,
- 16:21that's are saying in the chat, you know, like the sheeple out
- 16:23there about to get rekt because they don't understand that.
- 16:27If they have the wrong thought, they can completely get cut off
- 16:30the system. And this is why we are
- 16:31bitcoiners. And I really love how you add an
- 16:33Eco is like, once you exit the Fiat system, you've exited the
- 16:38Matrix and there's no going back.
- 16:40Like I am convinced that I will be a bit Corner forever.
- 16:43I will Stacks at for the rest of my life.
- 16:45I will make sure that my my family And everyone that comes
- 16:49after me, will be bitcoiners through and through because the
- 16:52Fiat system is designed to steal from you.
- 16:54It's designed to control you and it's designed to keep you in
- 16:57this orwellian dystopian hellhole that they want for you
- 17:01and want for all of us. Like it's literally Bitcoin of
- 17:03slavery and you can't convince me.
- 17:06Otherwise, and this is why we are bitcoiners in.
- 17:08This is why we come here every single day to counter all the
- 17:12Legacy Media propaganda because people still don't know that
- 17:15Bitcoin is the solution. So this is how How the Bitcoin
- 17:19message will get out there, it will get out there through the
- 17:21culture slowly, but surely, but you guys are a part of that you
- 17:23are on the front lines, continue to spread the Bitcoin message in
- 17:28the tools that people need to take Bitcoin in the self
- 17:30custody. So of custody is the revolution.
- 17:34Amen to that. Self custody is the revolution.
- 17:37Anyways guys, this gets the news.
- 17:39Very a lot of, a lot of interesting stuff to unpack.
- 17:41Let's do it. Brought to you by B box to
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- 18:02Makes it simple do not leave. Bitcoin on an exchange order.
- 18:06A bit box today, guys. You want to take advantage of
- 18:09the bit box? Black Friday sale.
- 18:11It's going on from Tuesday to Monday. 28th.
- 18:14You can get a you can get a bit box, a steel wallet, three
- 18:18backup cards, five tamper-evident bags, price.
- 18:23For all of that is, is around 190 to 195 US dollars as a 21
- 18:29percent discount. You definitely want to take
- 18:31advantage of that. Take self custody.
- 18:33It is the revolution but Ways moved on to today's news.
- 18:38I thought this was BS, but I'm going to connect the dots guys
- 18:41because that's what we do on simply Bitcoin.
- 18:42We connect the dots. So let's check it out.
- 18:46Tornado cash developer. Alex Alexei pursed have to
- 18:52remain in jail until at least late February.
- 18:55Let's check out some of the more of the details.
- 18:56Alex Bruce has been ordered to stay in jail until February
- 18:5920th. After a Nolan's Court found the
- 19:01tornado cash developer represented a Flight Risk.
- 19:04Uuuuuugh been held in detention since August days after the US
- 19:07Treasury use sanction Powers against the tornado.
- 19:10Cash, Tornado protocol, which is said, has been used to launder
- 19:13over a billion dollars worth of cryptocurrencies and support
- 19:16North Korean hackers. The hearing saw the Dutch
- 19:18public, prosecutor, announced money, laundering charges, the
- 19:21first time. The secutor has said little more
- 19:23about the case than a press release.
- 19:25But now accused purse F of facilitating, the processing of
- 19:29Dirty Money by writing the tornado cash code.
- 19:33You're that hear that you're going to hear a lot whole lot,
- 19:38more of that. The prosecutor accused an open
- 19:43source, developer facilitating, the processing of Dirty Money by
- 19:48writing code. Yeah.
- 19:53Yeah. That's where we are in the
- 19:54movie. Anyways, moving on it is coined.
- 19:58S article hits the nail on the head.
- 20:00The ofac backtracks, but tornado, cash sanctions.
- 20:03Already set a terrifying precedent.
- 20:05I think they're absolutely right.
- 20:06It's goes on to say the US Treasury Department provided
- 20:09some clarity on tornado cash sanctions.
- 20:10Of course, they had to walk it back.
- 20:12The Federal agency uses agency, updated fa Q's to say that
- 20:16interacting with open source code itself is not illegal.
- 20:20However, this came with a caveat This interaction is only legal
- 20:23as long as it does not include a prohibited transaction.
- 20:27If further explain the copping, the protocols code publishing
- 20:31the code and even visiting an archived version of the tornado.
- 20:34Cash website are still allowed. Similar us persons will would
- 20:39not be prohibited by us, sanctions.
- 20:40Regulations from visiting the internet archives for the
- 20:43tornado, cash, historical website, nor would they be
- 20:46prohibited from visiting tornado cash website.
- 20:48If again, it becomes active on the internet right there?
- 20:51Trying to save face, they're trying to walk it back because
- 20:53they know themselves that this is illegal.
- 20:57There's been a precedent sent and it was pretty, it was
- 20:59actually sent in the 90s trying to find it here.
- 21:05Oh, Anyways. Let's check out.
- 21:12Yep. Here it is.
- 21:13Coinbase lawsuit claims the sanctions themselves are
- 21:15violation of the First Amendment which they totally are, which
- 21:18establishes the right of free speech in the landmark case of
- 21:211996, Bernstein versus the Department of Justice.
- 21:24It was established that computer code could be considered speech
- 21:28and the right to free speech is protected by the US
- 21:31Constitution, right? Because code is just what is it
- 21:34just speech that the issue here? The fundamental issue here is
- 21:38that code for the first time I'm is threatening the root of
- 21:45government power which is having the Monopoly on the issuance of
- 21:48money. And that's why they're doing
- 21:52this. And when they sanction tornado
- 21:57cash, I know it's a shit coin protocol but don't get
- 21:59distracted by that. That's that's why they picked
- 22:01that they're letting everybody know.
- 22:07We are still in power here. We're we get to decide what
- 22:11money you can use and what money you can't use and what they're
- 22:14really demonizing is there demonizing privacy and you can't
- 22:18have freedom without privacy. You just can't have it, right?
- 22:24So Is the fight. This is the separation of money.
- 22:26Say the story we tell you is literally the first thing that
- 22:28we tell you, in the show will be your Guide to the separation.
- 22:30Money, say you are living through it.
- 22:31My friend. This is it, you're witnessing
- 22:34it. And the reason I wanted to bring
- 22:35this up because this is old news.
- 22:37Okay. Is because this motherfucker,
- 22:40excuse my language SBF. Is still in his Penthouse free
- 22:46in the Bahamas. So we have an open source
- 22:49developer and Ross, I might add that is rotting in jail for
- 22:54life. And this guy who stole billions
- 23:01of dollars, he had a Ponzi scheme is roaming free in his 40
- 23:06million dollar, Penthouse in the Bahamas.
- 23:08And, and you're asking yourself like why is that like Nico like
- 23:12wow doesn't make sense, like what the fuck like this is make
- 23:14sense. Like, what are you talking
- 23:15about? And it's because this
- 23:18motherfucker down at the donated to the right political parties,
- 23:21that's why. In fact, he just donated to
- 23:24politicians in the first place. Isn't that an article from
- 23:27Headline from axios, quote, Venkman freed.
- 23:30It's funny Bank been fried spent Millions on on certain political
- 23:35parties campaigns No, but you have to dig deeper because it's
- 23:39not just that. Right?
- 23:41Let's see if he's actually threatening the power
- 23:44establishment, right? And this is an article that I
- 23:48that I found on crypto slate.com, it says Banks and
- 23:50Bank when freed proposes standard for sanctions, That's
- 23:56weird, right? And it goes on to say, I think
- 23:58this is the Smoking Gun. To check against the list of
- 24:02financing SBF. Proposes the industry adopts
- 24:05block list, and not allow list models with block list.
- 24:10All individuals could trade freely unless sanctioned for bad
- 24:13behavior. Whereas in allow list, the
- 24:15transaction doors, only open to a select few.
- 24:18SPF argued that a blockless model is more effective as it
- 24:21allows for transactions to flow seamlessly repre Hibbing illegal
- 24:25transactions. When detected, if a user's
- 24:29fought address is unlawfully, sanctioned SBF suggest that the
- 24:33office of foreign assets control, literally by name
- 24:37should provide an option to cure the address. so, hold on a
- 24:45second. The Ponzi scammer, that stole
- 24:52billions of dollars from individuals.
- 24:59But donated to political parties.
- 25:03Is free in his 40 million dollar, penthouse?
- 25:07and, Coincidentally, of course, just coincidence.
- 25:13He was 4. More sanctions and blacklisting.
- 25:19He's free, right? But the open source developer
- 25:23that was an advocate for privacy.
- 25:25He's in fucking jail without bail.
- 25:29That's the world we live in today.
- 25:32Do you think that's right? And on are you okay with that?
- 25:37Because that's what they want for you.
- 25:40Anyways, Silver Lining here is, though, is unfortunately, when
- 25:45importantly for them, not for us, but when you sanction,
- 25:47something people tend to look for an alternative, right?
- 25:53It's just the fucking reality of it and that's exactly what
- 25:56that's exactly what this Harvard professor Matthew Ferrante
- 26:01proposed to quote, an abstract from his paper was released
- 26:06November 17. And we're going to keep
- 26:07referring to this paper. It's a central banks May shift
- 26:11their International Reserve Holdings in order to protect
- 26:13themselves against Auntie, against the risk of financial
- 26:16sanctions by Fiat Reserve currency issuers for example
- 26:20from 2016 to 2020, one countries facing in higher risk of us
- 26:24sanctions and crease, the gold share of their reserves more
- 26:28than the country's facing, a lower risk of us sanctions.
- 26:30And you want to know why the sanctions against Russia were a
- 26:35failure. Russia was building up their
- 26:38gold reserves. Prior to the invasion of
- 26:41Ukraine. The paper explores the potential
- 26:43for Bitcoin to serve as an alternative hedging asset.
- 26:46I described a dynamic, benzion cupula model to simulate The
- 26:50Joint returns of Bitcoin and other Reserve assets under a
- 26:54wide range of plausible. Sanction probabilities assuming
- 26:57main variants preferences, a modest risks of sanctions
- 27:01significantly increase optimal gold and Bitcoin allocations if
- 27:06a central bank cannot acquire sufficient physical gold to
- 27:10Legit sanction risk, the optimal, the optimal Bitcoin,
- 27:13shares rise, further, suggesting that golden Bitcoin are in
- 27:17perfect substitutes, I conclude that sanction risks.
- 27:20May diminish, the appeal of us, treasuries Propel broader
- 27:23diversification in Central Bank Reserves and bolster the
- 27:27long-run. Fundamental value of both
- 27:29cryptocurrency and gold. And to just translate that.
- 27:35Because of the sanctions because of the censorship, it's going to
- 27:40increase the value of viable Alternatives.
- 27:44We know the limitations of gold, it's hard to send its heavy.
- 27:48Try sending a billion dollars of the gold, you're gonna have to
- 27:51pay a security guard. You know.
- 27:52Put that on a ship on a on a on a on a truck and of the pay for
- 27:57the security it's heavy as fuck. Now try sending billions
- 28:00trillions of dollars of the Bitcoin Like Pennies on the
- 28:04dollar, bro. Very different alternative and
- 28:08the issue. And I think we always telling
- 28:10Opti this off are like, before we started talking.
- 28:13I mean, before we went live, is that once you push people
- 28:17outside of that golden cage, They ain't coming back.
- 28:23That's a one-way street, right? Here's this.
- 28:26Amazing political article. It gets more into the details as
- 28:29hard paper to Central bank's. Buy Bitcoin goes on to say,
- 28:33Bitcoin was invented to circumvent the world's central
- 28:36banks. So the idea that those Banks
- 28:37would start buying Bitcoin in bulk ranks somewhere from
- 28:40counterintuitive to far-fetched. But after Western governments
- 28:43froze, Russia's foreign asset at foreign exchange reserves
- 28:47earlier this year, speculation mounted that some Wilbanks would
- 28:51acquire cryptocurrency as a form of insurance against Financial
- 28:54blockade from the US. And it's a learn.
- 28:55See, it's not speculation anymore, Iran and Russia have
- 29:01already made the announcement that they're going to use
- 29:03Bitcoin and she coined. But we know that only Bitcoin
- 29:06can provide true Financial sovereignty to facilitate
- 29:09International Trade, why? Because obviously, they can't
- 29:12use the US dollar. Moving on goes on to say and you
- 29:16working paper on the subject by Matthew Ferrante.
- 29:19Which We read you, the a fifth-year PhD candidate in
- 29:23Harvard's economics, department and advise of Ken rogoff, a
- 29:26former economic Economist at the IMF in Federal Reserve Board of
- 29:30Governors. Who is now a Harvard Professor
- 29:33has caused a minor Splash in it. For Auntie argues that it makes
- 29:37sense for many central banks to hold a small amount of Bitcoin
- 29:39under normal circumstances and much more Bitcoin.
- 29:42If they face sanction risk though, his analysis finds gold
- 29:46is a more useful sanctions hedge.
- 29:48I disagree. Anyways, we We overuse
- 29:51sanctions, it's going to come back to bite us because people
- 29:55are not going to want to use dollars, but the contribution of
- 29:58my papers to put a number on that and say, okay, how big is
- 30:02how big of a deal is that, really how much should we be
- 30:05concerned about it? Rather than hedging sanctions
- 30:08risk with Bitcoin shouldn't governs, just avoid doing bad?
- 30:11Things goes on to say, if the only thing that could get you,
- 30:14sanctioned, for example, was to invade another country than most
- 30:17countries, as long as they don't plan to invade their As probably
- 30:20don't need to care about all this and so my research becomes
- 30:23less relevant, but if it's kind of nebulous thing that might
- 30:27make countries pause and think how reliable is the US.
- 30:30And I think that's a big question, right?
- 30:33Is how it like the US government does have a good track record
- 30:37right? Remember Iraq weapons of mass
- 30:39destruction like how did that end up Libya and member that
- 30:43anyways, goes on to say if you were advising the treasury
- 30:46Department on its sanctions policy.
- 30:48What would you tell them? I think the decisions are He's a
- 30:50country's reserves is so consequential.
- 30:52It would have to be made by the president.
- 30:55Goes on to say it. What would you tell the
- 30:56president tried to put concreteness on the nebula?
- 30:59Sness of how we apply sanctions and that is the fundamental
- 31:04problem. Right?
- 31:06Is someone has the power, right? And that's a very, that's a lot
- 31:10of power to get to pick in decide, what countries are able
- 31:14to use dollars in what countries are not able to use dollars.
- 31:18That individual is going to abuse that power like crazy,
- 31:24right? So I don't think, and I think
- 31:28Bitcoin is fundamentally understand that I think
- 31:29bitcoiners understand that no one deserves that type of
- 31:34Godlike power. But now even in Academia, right?
- 31:39Which is, you know, historically has been against Bitcoin is even
- 31:43starting to notice the obvious, which, by the way, the things
- 31:46that he said we've been telling you for months it's now, if
- 31:48you've been sub to this channel, is that the saint us sanctions?
- 31:54He's not a bleep. It going on, number two more
- 31:59that the issue these sanctions is going to force country and
- 32:03individuals to find Alternatives.
- 32:06Now the problem that they have is that once people find those
- 32:10Alternatives and those alternatives are better than the
- 32:12dollar in the first place, people are just never going to
- 32:15go back to the dollar period. And the make paper isn't quite
- 32:21there yet. They're in the bargaining phase
- 32:24or in the, we just need better sanction policy.
- 32:28Whereas in bitcoiners are just like, if you have that power,
- 32:32you're going to abuse it. The solution here is to remove
- 32:36that power completely in the first place.
- 32:39And so, that everyone doesn't have that power, right?
- 32:41Money rules without rulers, right?
- 32:43But that's Bitcoin. So it's really interesting.
- 32:48Ed basically, Harvard say, listen Central Bank specifically
- 32:52in countries that are affected by US Government policies.
- 32:55If you don't buy Bitcoin, you're gonna go broke, dudes.
- 32:59And I think that's just another Vindication, and if you add that
- 33:02with black rock showing interest in Bitcoin, if you add that with
- 33:07nine buchelli, El Salvador countries, making Bitcoin, the
- 33:09goaltender countries, putting Bitcoin on their balance sheet,
- 33:12of course, you know, public companies like Michael sailor,
- 33:15microstrategy Tesla, Dude this is nuts.
- 33:20What do you think we're going to be in five years?
- 33:22Remember Bitcoin basically didn't exist 10 years ago and
- 33:25the fact that we're here Harvard is writing a paper that saying
- 33:29listen central banks. If you don't buy Bitcoin you're
- 33:32going to be in a very vulnerable position, dude.
- 33:35We've come a very long way and this is what happens.
- 33:40This is the inevitable conclusion of weaponizing, a
- 33:45currency for your own political gain.
- 33:47And having the naivety to think that other human beings are not
- 33:52going to try to find an alternative.
- 33:54The problem is that the moment that they find and taste that
- 33:58that fruit and that fruit of censorship resistant, that fruit
- 34:02of a cap Supply, motherfucking thing ain't going back.
- 34:07They never going back to that shit coin, which is what they
- 34:10call the US dollar and unfortunately the US and
- 34:14including US citizens, which I am myself.
- 34:17Eight benefit tremendously from being the world Reserve currency
- 34:21but the government has abused that power for their own
- 34:24political gain. And unfortunately what it looks
- 34:28like is it's going to be their undoing.
- 34:30Now that there is a viable alternative and more
- 34:34importantly, a much better alternative.
- 34:37Anyways, Opti. What are your thoughts on all
- 34:39this, bro? Well Nika Jones.
- 34:42Go off King. Let's go coming back with a
- 34:45vengeance. Okay.
- 34:47Well first and foremost, I miss that tornado cash walk back so
- 34:50absolutely amazing. You know, the backlash from
- 34:53everyone on social media, does make a difference continue to
- 34:56call out the bullshit continue to mean them to death.
- 34:58We have the truth on our side and they can't handle the truth.
- 35:02But it's truly an injustice that the tornado cash.
- 35:05Dev is still in jail. And, you know, FB f is running
- 35:09wild on Bahamas, you know. It must be nice.
- 35:12Having friends in high places is all I can say.
- 35:15But to that hole. A sanction article and then and
- 35:18and what you've been saying we've been saying on the
- 35:21chauffeur's for I don't know forever that sanctions don't
- 35:24work and that they truly just hurt the people in the countries
- 35:27that they're in. But I think this is just further
- 35:31proof that we are in the first Innings of the Privacy war and
- 35:35they do not want you to transact freely.
- 35:37Hence, what we were talking about in the numbers segment and
- 35:40just do that harbored article, you can't stop the signal and I
- 35:44really like that this Harvard The candidate is advised by his
- 35:50Professor who's an ex IMF and fed Reserve board Governor or
- 35:54whatever his official title was. So like I think this is further
- 35:58proof that there is hope for the academics out there.
- 36:02You know. I know they're not fully there
- 36:03yet but the more we get papers like this, the more we get into
- 36:07the academic arena and we have papers that continue to come out
- 36:13the academics out there or the, you know, the authorities that
- 36:17Tyrannical freaking high level parasites in monetary demons.
- 36:20They can't just keep digging their head in the sand.
- 36:22Like they there will be proof, there will be the articles.
- 36:26There will be the receipts to show them that Bitcoin is the
- 36:30Superior Financial solution and you know, they will either have
- 36:35to adopt it or they will be left behind.
- 36:37And so I think this is just the beginning of more people waking
- 36:42up again. I've said it in the past a lot
- 36:44that we are just now Crossing that Rubicon.
- 36:47To the mainstream Consciousness and this is part of that
- 36:49process. Not only is it going to go in
- 36:50the culture but the academics out there.
- 36:53We'll have to in Full Faith. Try to compare the two systems
- 36:58and understand that Bitcoin really is the superior asset,
- 37:01Superior monetary Network and if they don't want to get left
- 37:05behind they will have to adopt it like gunpowder like say 15
- 37:09almost says. So we say it all the time you
- 37:11know Bitcoin even though it is an opt-in Network like we have
- 37:15no other option it is Bitcoin or Slavery.
- 37:18It is Bitcoin are being poor for the rest of humanity, because
- 37:21the Fiat system is designed to steal from you.
- 37:24And they want to, they want you to be controlled.
- 37:26They want you to be able to get cut off from the network.
- 37:29But hey, there's, you know, there's this little thing called
- 37:31Bitcoin that they just can't control and it has thrown a
- 37:34wrench into their plans, so it's beautiful to see the signal pop
- 37:39up because it's big Corners. I think we've been saying this
- 37:41for a long time but again, I am the in-house tinfoil Hat wear
- 37:46and a lot of my And on Twitter we're saying you know what, I
- 37:49don't know if this is the best thing because we want the
- 37:52central Bankers to adopt Bitcoin last while the signal is getting
- 37:56out there, you know, bitcoiners are still gonna dunk on it and
- 38:00be like, yeah, I don't know if this is the best idea.
- 38:02But again, Bitcoin is for enemies and, and everyone will
- 38:05soon enough adopt Bitcoin, even the people that we dislike and
- 38:08so if they still have a brain left, if they're not completely
- 38:11Psycho-Pass, they probably already own Bitcoin.
- 38:15So, this is just, this is just a matter of the Orson.
- 38:17I'm sure we will continue to see more articles and more academics
- 38:21come out and say what we've been saying forever that Bitcoin
- 38:24fixes this It's just a game theory.
- 38:27Like it's just it's incredibly obvious and look like they're
- 38:32pointing out something that we, we told you guys months ago,
- 38:36right? Is that, like, if you force the
- 38:38hand of countries of individuals, they will find an
- 38:41alternative and the reason that they're playing with fires that
- 38:45the alternative is better than the current solution, right?
- 38:48So, it's like you're just incentivizing people to opt out
- 38:52and they don't have an incentive to opt back in, right?
- 38:56Right. And you know, it's just it was
- 38:59just a matter of time before someone noticed this and this is
- 39:01exactly what this Harvard paper represents.
- 39:05You know? So very interesting, anyways
- 39:08let's get to the culture, let's do it.
- 39:13The daily culture brought to you by Swan Bitcoin.com, Swan is the
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- 39:32dollar cost averaging. What are you waiting for?
- 39:34Visit Swan Bitcoin.com today. All right guys.
- 39:40Like I said, in the beginning, I'm going to read an article
- 39:43that are boy based money Tech dropped on our sub stack simply
- 39:46Bitcoin dot news if you haven't gone and check that out.
- 39:50Go over there. We are dropping all kinds of
- 39:52Bitcoins signal and like I said in the beginning, and I think I
- 39:57said this yesterday as well. When I read this, I just got so
- 40:01hyped up that I knew I had to read part of this for you guys,
- 40:04so I'm not going to read the whole thing, but the words
- 40:07themselves are so powerful that I am just going And to get into
- 40:10the monologue and you guys, I know you guys are going to love
- 40:15this and it's going to follow up perfectly with what we just said
- 40:18in the News segment. So for those, in the spaces for
- 40:21those listening on audio, I am reading the article, the
- 40:23hoarding continues until morale, improves.
- 40:27So there is a great sickness in the world that permeates all of
- 40:30life but nearly all are unaware of it.
- 40:33The great sickness can't be seen or heard it has no taste or
- 40:36smell and it can't be touched. This great sickness is much like
- 40:39the air. Are you breathe all around you
- 40:41and necessary to keep you alive yet something?
- 40:43You've never give a moment. Stop then one day you see it.
- 40:47And you can't stop seeing it everywhere.
- 40:49You hear it? You taste it.
- 40:50You smell it and you touch it everywhere.
- 40:52And you shout as loud as you can look there.
- 40:54Do you not see it too and your friends and your family look?
- 40:58But they do not see. And then eventually you find
- 41:01people like you scattered across the planet screaming at the wind
- 41:04asking if anyone sees it and you scream back.
- 41:07Yes brother. I to see it and Look deeper and
- 41:10you see tens of thousands just like you making it their life's
- 41:13work to show the entire world. The are they bring them killing
- 41:17us? All of all people in the world
- 41:20bitcoiners care about money, the most, not the form of greed, but
- 41:23in the form of love a love greater than a romantic love.
- 41:26A Love For Humanity, Eric case on Shasta.
- 41:29Eric Hayes on and Bitcoin is the cure.
- 41:32The money printers have left us with one option play in the
- 41:35Perpetual Racino. Gulag imagine they're shocked
- 41:39when they find. Find out their lust for control
- 41:41was what ultimately destroyed their control.
- 41:44We are, but atoms of carbon in the harder, they squeezed us.
- 41:47The more Diamond like we became cutting through their Ties, That
- 41:50bound us. They squeeze too hard.
- 41:53There are now too many of us that have become diamond,
- 41:55cutting through anything and everything.
- 41:57Through all the lies and all the deceit, we are now an
- 42:00Unstoppable force, a force, they've created and Unleashed
- 42:04into this world. We are the intransigent minority
- 42:07with what hiding mission, one Northstar one sir.
- 42:10And she in this life to see that their ability to bind people to
- 42:13their yoke is forever. Annihilated we are here to see
- 42:16that their memory is left only in our history books as a
- 42:20warning to Future Generations about how they created us and
- 42:23how we filled the world with Liberty, Freedom And Justice For
- 42:26All Mankind forever in. The Crucible of the casino
- 42:29Google Blog. A new creature was born one with
- 42:33an insatiable undying. Need to burn, the gulag to the
- 42:36ground forever. I am that creature.
- 42:39And there are many more Or like me, we work in your restaurants
- 42:41and serve you your food, we work in your gas stations and pump
- 42:44your gas. We work in your hotels and make
- 42:47your beds. We work in mind.
- 42:48Then we fly you around. We work in your offices and
- 42:51prepare your tax returns. We work in your sports Arenas
- 42:54and play your sports. We work in your schools and
- 42:57teach your children. We work in your fields and
- 42:59perform your heart. Surgeries you work in your
- 43:01factories and build your phone. And we are here we are
- 43:05everywhere. We learn our slave money, and we
- 43:09siphon it. Hardest fairest, most just and
- 43:11most Equitable monetary Network that mankind will ever build.
- 43:16We don't do it for fame. We don't do it for Glory.
- 43:18We do it to obliterate the casino Gulag that you have
- 43:21trapped us inside every slave. Can we push into the network is
- 43:24a break in your Gulag that we pulverize into dust?
- 43:28And we will not stop until every brick is crushed into a build.
- 43:31Oblivion, you have already lost, you just don't know it yet, we
- 43:35will never stop buying an earning Bitcoin.
- 43:37We will never stop holding Bitcoin.
- 43:38You've created a force that You have zero control over, you have
- 43:41built your undoing and there's no force in the universe that
- 43:44can stop this process that has been set in motion the lower the
- 43:48price of Bitcoin goes. The more of it that us
- 43:50unbreakable monsters, get to gobble up and strengthen our
- 43:53resolve to annihilate. Your petty short-sighted,
- 43:57insufferable idiocy. We were born in the darkness of
- 44:00your Fiat. Hell, and we will hold in our
- 44:02hearts, our minds, the light of the world, we are the truth and
- 44:05the light. And the way we serve the god of
- 44:07humility through strength and honor.
- 44:08We are an undying a more Source of Eternal Light.
- 44:11We cannot be stopped with laws or regulations or prisons are
- 44:14jail cells. Our strength comes from our
- 44:16Eternal will that is unbreakable I resolved is unshakable, you
- 44:20can kill us but you can't kill the idea.
- 44:22We spread across the planet. I called will forever run and
- 44:26our keys will forever be buried in our minds Untouchable from
- 44:29your megalomania protected and the pristine Gardens of our
- 44:32Collective free. Well, let's fucking go.
- 44:36Anyways, guys, just to sum up this, you guys.
- 44:40Need to read the whole paper because it's a heater and
- 44:43there's a lot of sauce in there. But to end this portion out
- 44:46there really is nothing like this technology that comes
- 44:49anywhere close to competing. You are dealing with the
- 44:52collective way of the, most courageous, the most
- 44:54disenfranchised, most greedy, the most humble, the most
- 44:57technically Savvy, and the most righteous humans that have ever
- 45:00walked the Earth together. These men and women of all walks
- 45:03of life, all nations of all religions are worked concert to
- 45:06sharpen each other. The incentive alignment of It is
- 45:10the equivalent of a collapsing. Neutron star into a black hole.
- 45:13There Is No Escape. The Singularity has occurred on
- 45:16January, 3rd, 2009. And there is absolutely nobody
- 45:20that can do anything about it at this point.
- 45:22Bitcoin does not care about your opinions or your politics, are
- 45:25your sexual preferences or your climate concerned.
- 45:28Bitcoin will simply eat up all monetary premiums on the planet.
- 45:32And when it has finished, its appetizers of monetary premiums
- 45:35by the conclusion of its startup phase around 21 and 40.
- 45:38It will move on to its Encore squeezing Humanity for every
- 45:42ounce of innovation. It can muster as people seek to
- 45:44further their prosperity and reach for the stars.
- 45:47You are not prepared for Bitcoin.
- 45:49You have no idea how short you are.
- 45:51Some of us however, have an inkling of the future.
- 45:54And for this reason alone, we continue to hold the corn, like
- 45:57complete psycho pass until morale, improves join us.
- 46:02If you dare let's fucking go absolutely killed it.
- 46:06Zack. I love this kind of energy.
- 46:08I read this. Yes.
- 46:10Day and I will I knew I had to cover this.
- 46:12I knew I just had to read it because this is why we do what
- 46:15we do. I say to all the time.
- 46:17Once you know why you hard all the Jato becomes easy, most
- 46:20bitcoiners are not in it for the monetary gains, we're here to
- 46:23separate money from State. We're here to take back our life
- 46:26and our money from the monetary demons, the high-level parasite
- 46:30because they have robbed the world of so much.
- 46:34And big Corners will bring that back, and all you have to do is
- 46:38stay humble stack SATs, Take your Bitcoin into self custody
- 46:42provide value build your skills and continue to repeat this
- 46:45process and tell people that Bitcoin is here and all they
- 46:50need to do is opt into that system because the world will
- 46:55never be the same. After January, 30 2009.
- 46:58Shouts out to our bouillabaisse money Tech.
- 47:00I absolutely love this article. I put the link in the in the
- 47:03description. Guys, go read the whole thing so
- 47:05that you guys can get the full sauce and get the full, the full
- 47:09feeling of what. He He said but bro, absolutely
- 47:12killed it. I love this type of energy.
- 47:14This is this is why we we print this stuff on simply Bitcoin dot
- 47:18news because this is that militant positivity that Bitcoin
- 47:22will win. You guys are the Frontline
- 47:25soldiers, continued to spread Bitcoin, do what you can add big
- 47:28horn on top of it and we are the Unstoppable force.
- 47:32That is Bitcoin. Absolutely amazing love this
- 47:35piece. Go check it out in full And man,
- 47:39I'm fired up. Just reading it and because I'm
- 47:40fired up bro. Yahoo sound effects guys.
- 47:45If you want more written version of Simply Bitcoin pure signal,
- 47:49unfiltered signal, go check out some bleep.
- 47:52Going on filter by www.subply.com Dainese is
- 47:54absolutely free. You just got to put in your
- 47:57email and send you all the new articles are writers are
- 47:59awesome. Shoutout Zach, rust and Paul
- 48:02wine and kiss slaying. It is I was inspirational bro.
- 48:06That was that was like Holy crap.
- 48:09And and if you add that with what we talked about in the
- 48:12news, it's almost fitting that this is the day that we talked
- 48:15about it because this is the energy of why we do what we do.
- 48:18And you know, you covered the news thoroughly and then we just
- 48:22get like, dude, it's like Poetic this is like the Declaration of
- 48:26Bitcoin independent monetary Independence.
- 48:28Exactly like that's the energy. Hell yeah, the energy here is
- 48:34strong, but only guys, if you take Bitcoin into self custody
- 48:40run your own node. Ideally moment, number one
- 48:42important thing is to take Bitcoin itself custody ideally
- 48:45you should be running your own node.
- 48:46Stop trusting, someone else's copy of the blockchain and
- 48:49remember guys, don't stop. How to that feeling?
- 48:55Amen to that. Anyways, our adoptee, let's get
- 48:58to the fucking meme review that got me.
- 48:59So hyped, man's do it. The daily meme review brought to
- 49:07you by Kaboom racks. I get this question all the
- 49:09time. Nico.
- 49:10Where should I buy Bitcoin? Miners to answer is Kaboom
- 49:13racks. It's the best place to buy
- 49:15Bitcoin miners. That's where you're going to
- 49:17find the best deals and the best prices start.
- 49:20Your mining Utopia today to check out their racks.
- 49:22You got to go to T dot me, slash Kaboom racks.
- 49:25Join their telegram group and start your mining Journey today.
- 49:29Kaboom racks. It was funny saying that all the
- 49:37time now, dude, it was funny because so I have to tell you
- 49:40guys the backstory and I know you guys will appreciate this.
- 49:43We were at the mining conference shoutouts at Ascot and Tucson
- 49:48was there. We got to spend time with him,
- 49:50we went we bowl with him, he's the Spin Master, he spins a
- 49:53bowling ball like nobody else and Duty came on the show and we
- 49:58were just talking about Kaboom racks.
- 50:01And I just got addicted to it and Opti got the, I was using op
- 50:06T's audio interface and you can make your voice very deep.
- 50:09And I just like the sound of it in my headphones.
- 50:12I was like, Kaboom X, Kaboom racks over and over again.
- 50:17So that's where it comes from. But it is a really good name.
- 50:20I'm going to try to hold on, I'm going to make my voice deep and
- 50:22say it Kaboom RS6. See that's what I'm talking
- 50:27about. Anyways Opti, what memes do you
- 50:31have for us today? Bro, review tweets are the
- 50:35bullets and memes of the artillery you are on the front
- 50:38lines. You are the Frontline Soldier
- 50:40for Bitcoin. There is no marketing team for
- 50:42Bitcoin. That is upon you.
- 50:43The individual that has taken it upon himself to spread the
- 50:47Bitcoin signal. So continue to spread that
- 50:49signal and Anika. This first one I thought there's
- 50:52actual absolutely hilarious. So as you guys know
- 50:55motherfucker, Absolutely amazing.
- 51:17Good job, bro. Are we there in the movie?
- 51:19Like? Is that?
- 51:20Is that where we're at? So but I still love the double
- 51:24down. All right.
- 51:25Anyways, this next one guys. We continue to cover the That
- 51:29nation states around the world and banks around the world
- 51:32Central bankers and their ill. Continue to talk about releasing
- 51:36cbc's. So I don't think this is a
- 51:38regional corn DeLorean, tweet or meme.
- 51:41But still nonetheless, this is a message that we will continue to
- 51:44push and this is a Simpsons Mimi go several nations are suddenly
- 51:47talking about launching cbc's maybe I should be concerned.
- 51:51This is about more government control in the face of looming
- 51:53Global financial crisis. Now the conspiracy theories are
- 51:57wrong. This is about protecting my
- 51:58Privacy and freedom in the digital age.
- 52:01Yeah, hold on, bro. That's what I got to say for
- 52:05anyone out there. All right, this next one, shouts
- 52:07out to our boy psychedelic El Barto and he did a little.
- 52:12You did a beautiful player iteration on.
- 52:15What's her name again from taranis or threaten us whatever
- 52:20she just got arrested and we got s SB F on top of it, Visionary
- 52:25billionaire, fraud the bank man out for leverage in.
- 52:28Crypto amazing amazing. If you know you know what this
- 52:32is, this next one. Shouts out to Mitchell hot oil
- 52:36and he goes the Mount Rushmore of shit coin, scammers and we
- 52:39got SPF, we got metallic, we got duck Lon and we got my schinsky.
- 52:44Yes guys. You know, it'll only be a matter
- 52:47of time until that ethereum blows up and everyone's faces,
- 52:51but we already know what happened to the other three and
- 52:54the Reapers coming. This next one, shouts out to
- 52:56nvk. Deterministic optimism, Nico,
- 53:00mentions it all the time. Love the handle and he goes,
- 53:03hey, bro, bit perspective. It's a great fucking handle.
- 53:06Like it's so much deeper than you can imagine, right.
- 53:10Like the, the hope that is provided by a deflationary
- 53:14currency versus an inflationary currency.
- 53:16And I think that handles us like, perfectly summarizes,
- 53:20everything that I just said into words.
- 53:22Anyways, this is why I am Optimus field because the fields
- 53:26are more optimistic, once they're orange on the Bitcoin,
- 53:28Entered. Anyways this looks like a Lena
- 53:31see shamian but it's SATs card one of nbk's companies and
- 53:35products and we got the dollar, it's on you know a Perpetual
- 53:40slide, downhill losing value and then he looks back in a Bitcoin
- 53:44ER because it looks like he's higher than we are right now
- 53:46because the Bitcoin prices in a bear Market goes told you it's a
- 53:50bubble only to later. Be shut down when number will go
- 53:55up it's only a matter of time. Guys continue to stack, continue
- 53:58to stay Humble number will go up this next one, shouts out the
- 54:02BTC therapist. I really love this Venn diagram.
- 54:05He goes Bitcoin is for everyone. I think this is a way deeper
- 54:08meme than most people would realize.
- 54:11So we got, we got three circles in this Venn diagram and we have
- 54:15one of them being the middle class, one of them being the
- 54:17poor, and one being the rich. And then so the middle class to
- 54:19the poor overlay in the Venn diagram goes, need savings
- 54:23technology, the poor and the rich overlap goes needs property
- 54:26rights, the rich and the middle class.
- 54:28Need sound Investments and Bitcoin is what the, what's the
- 54:32saying, the akagi in the middle Bitcoin is the way and the truth
- 54:36and the light guys continue to stack sad and this next one
- 54:39guys. This this may be more of a.
- 54:44This next one may be more of a numbers portion of the show.
- 54:49But nonetheless, this is the mean for the day, shouts out the
- 54:52BAM, the Mexican and he goes in just seven days.
- 54:56Plebs have stacked close to 119,000.
- 54:58Bitcoin directly to their own wallets.
- 55:01This amount of conviction has never been seen before.
- 55:04That's actually his head start. Yeah, yeah, I didn't make that.
- 55:13Double check Bitcoin daily guys.
- 55:41Keep scooping up the That continue to stack them sides.
- 55:44Continue to take that big coin into self custody.
- 55:47This is the revolution. They cannot stop it.
- 55:49Once your Bitcoin is in Cold Storage under keys that you own
- 55:55and control. Oh yeah.
- 55:57Oh yeah. There we go.
- 55:58That's who it was. It was SPF, Elizabeth, Holmes,
- 56:01meme. For those listening on the
- 56:03audio, blanking live, but I should have known that one.
- 56:06Anyways, anyways, my meme review score.
- 56:08Oh, before I say It, Drop Your Meme review score in the chat so
- 56:12we can cover Were it, so we can, you know, add you guys and all
- 56:15the fun. Again, I am doubling down on my
- 56:18Bitcoin, Pacific, Bitcoin, trading cards, and I got this
- 56:23influencers, And it is Friedrich Hayek.
- 56:28So this is a solid one. This is a good one.
- 56:31This is a good one. Really like that one, it looks
- 56:34really nice. I'm going to give it.
- 56:37That's a really good one. I'm going to give it some High
- 56:40Noon Sun. Steps yesterday was a shit show
- 56:47and I don't have an interview this afternoon.
- 56:50So I'm very high. Very Niko's, happy he goes,
- 56:54happy So, yes, I'm going to give it but we do want to know what
- 57:00you guys give the meme score. Also, I'm very excited for
- 57:04tomorrow because we have Beauty on.
- 57:07Let's go. I am so hyped for that.
- 57:09We had to bitcoin. Yeah, we had Eric costs on and
- 57:14Beauty on same like week, and I'm just so absolutely pumped
- 57:19for that. So anyways, let's read some of
- 57:22these scores, but first epic music.
- 57:27Hoppy hop, these coffee. How he likes it.
- 57:30Chrissy's and disbelief says score coffee with extra extra.
- 57:36Come on bro, thick cream. Jesus Christ.
- 57:40Okay. Igor I give those memes.
- 57:43Nico's, internet cables. Okay, fair enough, I get it be
- 57:48aware and focus meme score, see monologue for 20 scoreboard
- 57:54displaying 1 million three V3, everything.
- 57:58The very next one thing / by everything.
- 58:00Thank you. All right, next one, I score
- 58:04those memes in energy drink on an empty stomach, okay?
- 58:09Except this is an integer, this is an energy drink, I had steak
- 58:13for breakfast. It was delicious, shout out
- 58:14Sophie. Okay, and he some Liga.
- 58:17Any rug any wreck? Oh, I can't you like do you like
- 58:22energy drinks, more than coffee? No, I'm a coffee Maxie.
- 58:30Any rug says, I give them a tequila shot to Cheers.
- 58:32Niko's High Noon, Guardian healer.
- 58:39I get if you knew the shit that I went through the last day, I
- 58:43Guardian, healer says I give the memes some nails, so people can
- 58:46nail down their rugs before the next time.
- 58:49Okay, I'm very nice. Very nice, very nice.
- 58:51Okay, next one, we got Salman Ultra.
- 58:53I give those means the contact details of the weed dealer
- 58:55Satoshi, used back in 28 2008. Is that true?
- 58:59True. That's awesome.
- 59:00If it's true. Okay.
- 59:02Justin dad says, I give the memes the SBF sex tape on VHS
- 59:06which has to remember that. All right.
- 59:08We are out of time. Okay, that's great.
- 59:11You guys bring the hot hot mean scores every single day.
- 59:16We appreciate that guys. If you want your meme featured
- 59:20on the show, the best way to do it is to join our telegram chat
- 59:24telegram group. It's absolutely free.
- 59:26You got to go to www.by /. The simply Bitcoin Channel you
- 59:32can also tag us on Twitter if you have a meme.
- 59:34You want to review just tagged the simply Bitcoin handle at
- 59:37simply Bitcoin TV and if you want to communicate directly to
- 59:40me and Opti and ask us whatever you want.
- 59:43You just joined the telegram group and you can tag us.
- 59:46Awesome. It's completely free.
- 59:48Anyways, Opti we got a software website today.
- 59:51Oh yeah, we got a website. We got a website.
- 59:53All right, let's do it website. It is Websites brought to you by
- 1:00:01Cipher safe, don't be that person that loses their Bitcoin
- 1:00:05seed. Due to fire damage water damage
- 1:00:07dog. Attacks back up your
- 1:00:09generational Bitcoin wealth on steel and there's no better
- 1:00:14place to do it then the cipher grid by Cipher safe and now
- 1:00:18check out their new Bitcoin art the Bitcoin rulebooks triangle
- 1:00:23only on Cipher safe dot IO. Alright guys, this is a very
- 1:00:29special one world of Rusty reached out to me personally and
- 1:00:33he said, mean fact, he would forever be indebted to me.
- 1:00:36So obviously, I got to take him up on that.
- 1:00:38And they are auctioning off the first prototype, yellow plush
- 1:00:45toy, one of a kind. If you are, you know, a mirror
- 1:00:50on Twitter and you want a plush, yellow dog, toy a stuffed
- 1:00:55animal. Check out the meme Factory
- 1:00:58auction over here on plebeian dot Market.
- 1:01:01I put the link in the description.
- 1:01:03You got three days, 8 hours, 48 minutes and twenty something
- 1:01:07seconds to walk away with the Prototype of this yellow.
- 1:01:11And this is so that they can release more into the future.
- 1:01:14So next year, it seems like they are going to release these, you
- 1:01:20know, on tap so that anyone can get a plush, yellow toy doll,
- 1:01:26We'll definitely get one once you guys release this.
- 1:01:28Shout-out to you guys over that Meme Factory.
- 1:01:30Shouts out to World of Rusty. I hope this helps.
- 1:01:33I hope someone walks away some some real yellow meme.
- 1:01:38Factory. DJ's going to walk away with the
- 1:01:40Prototype of a stuffed animal yellow.
- 1:01:43I can't fucking wait for that stuffed animal, dude, I am so
- 1:01:47hyped. I've had yellow living with me
- 1:01:50for the last six months. He's eating all my food and he's
- 1:01:54the reason why the internet broke.
- 1:01:56It was it yellow? I think it was yellow house.
- 1:01:59This got the diogenes, a great that sounds.
- 1:02:02He was just mad yellow and of tea to me.
- 1:02:05Oh, a physical yellow. A physical nft.
- 1:02:08Also known as art. Anyways guys, make sure to join
- 1:02:16our audio earlier if you're like on the go and you don't have
- 1:02:20video. Did I freeze up T?
- 1:02:22Yes a little bit, there we go, you're back.
- 1:02:25So if If you are on the go and you don't have time to watch the
- 1:02:29video, you can always listen to the audio version of this show.
- 1:02:33Are you got to go to go to Anchor Spotify, Apple podcast,
- 1:02:36Google podcast. And if you're a big believer, in
- 1:02:38the value for Value economy, join us on Fountain where you
- 1:02:42could stream us SATs and every Friday up, these going to take a
- 1:02:47screenshot of the of the donations or the stats that were
- 1:02:52streamed to US during the week and we're going to read out the
- 1:02:54messages. So we really appreciate.
- 1:02:56I ate all the donations we appreciate you guys.
- 1:02:59You guys are what keeps us on the air and we love you all man,
- 1:03:02we really appreciate that. Also want to give a very special
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- 1:03:11He's wearing the decentralized Corp.
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- 1:03:15Check it out. Has a fucking tank on the back.
- 1:03:18Do It's dope as fuck. And there's do it again.
- 1:03:22Do it again. Do it again.
- 1:03:24Alright, There's a tank, there's a fucking tank and is limited
- 1:03:30addition to that. When Once the drop runs out,
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- 1:03:35So get your simply Bitcoin merch today.
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- 1:03:49Not only simply Bitcoin merch. Definitely go check it out.
- 1:03:51It's dope, it's a limited drop, guys.
- 1:03:54It's like the 21 million. This is A Cap supply of Simply
- 1:03:57Bitcoin merch. Anyways guys, we love you all.
- 1:04:00We appreciate it. Happy Holidays to all.
- 1:04:03We will be live streaming. We don't stop or like the honey
- 1:04:06badger. So we will be back.
- 1:04:09We apologize for the internet mishaps of yesterday was
- 1:04:12completely out of my own hands. It was either a three-letter
- 1:04:16agency or yellow backing up into my internet.
- 1:04:18I have no idea. Maybe he's pissed off.
- 1:04:20I kicked him out of my house. Finally I've no idea.
- 1:04:23Anyways we love you all. If you Eight, if you appreciate
- 1:04:27us, we really appreciate, you know, just drop the like,
- 1:04:30consider subscribing if you think we provided you value.
- 1:04:33And of course the number one thing you could do to do to help
- 1:04:35this channel. In fact, helped the movement
- 1:04:37share all Bitcoin content just get it out there, orange, kill
- 1:04:40your friends. Teach him how to take self
- 1:04:43custody, teach them how to run their own known, it's not hard,
- 1:04:45you could just buy a novel, it's easy, it's easy, as it easy AF
- 1:04:49and of course, the show continues live show, Opti will
- 1:04:53be hosting it until 2:00 p.m. Eastern Standard Time with our
- 1:04:56friends over so on bitcoin, best place to stack stats by
- 1:05:00bitcoiners for bitcoiners and of course the legendary one and
- 1:05:03only producer Jacob. We love you all and we will see
- 1:05:06you tomorrow for a brand new episode of Simply Bitcoin.