Latest / Simply Bitcoin / BREAKING: White House Admits it DOES NOT Like Bitcoin | EP 701

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BREAKING: White House Admits it DOES NOT Like Bitcoin | EP 701 · Simply Bitcoin

0:10
Yeah welcome to another episode of Simply Bitcoin live.
0:13
Your number one source for the peaceful Bitcoin Revolution we
0:15
cover you can use culture medic Warfare.
0:16
We will be your guide through the separation of money and
0:18
state and today's one of those episodes where we are witnessing
0:22
firsthand, the separate the the separation of money and state we
0:26
we've been covering for a couple months now and we identified it
0:31
Nick. Carter really did a great job
0:33
basically outlining all the different steps that the current
0:39
by diminishing. Stration has been taking in the
0:42
hopes of isolating, the industry, from the traditional
0:44
Financial system. We had Caitlin Long and simply
0:47
Bitcoin IRL a couple days ago. And she said, her words, not
0:51
ours. She said that the V, these
0:55
tactics are coming straight, from the top, they're coming
0:58
from the White House, the White House itself.
1:01
And today, yesterday, really yesterday night, we got the
1:06
Smoking Gun so the The White House released a report, the
1:12
economic report of the president and there is 20 Pages.
1:17
We're going to try to get through a lot of it today.
1:19
If we have the time 20 Pages dedicated to attacking Bitcoin,
1:25
basically making the case that, you know, you need a government.
1:28
You need a state, you need a sovereign to issue the money.
1:32
I think that those arguments after all the money printing,
1:36
after all the theft, right. Because that's really what it
1:39
is. Every time they Rent money,
1:40
right? If you don't have your money in
1:42
assets, it's stealing from you if you're earning and dollars,
1:46
if you work on a salary, if you don't have savings, you're
1:49
getting poorer when they when they print money.
1:52
So these justifications RBS, we're going to dive deep into
1:57
it. But I guess on guess a little
1:59
bit of new a good news. Is that while this is happening
2:03
right at the top level of the US federal government at the same
2:06
time, on the state level, which we started covering Esther day,
2:11
specifically Florida, South Dakota Texas, right there, a big
2:16
movement to ban cdc's out, right, right.
2:20
And then you have to ask yourself, like why are they so
2:22
hell-bent on doing it this way? Well, it's obvious, they want to
2:28
be able to maintain the privilege of being able to
2:31
create money for free that everyone else has to work for,
2:35
that's what it's about. You control money, you control
2:37
people, you control the monetary policy.
2:39
You Control people and they don't want to let go of that
2:42
privilege. So they're trying to justify
2:46
their existence and their hopes of doing that, our Central Bank,
2:49
digital currencies. And this is something that we've
2:51
said many times on this show, the same people that are
2:55
supposedly tasked to regulate. The industry are the same people
3:00
that don't really benefit from the industry succeeding, right?
3:04
We're big Believers in incentives.
3:06
They're not really incentivized to play fair, right?
3:09
We've shown Many examples, right?
3:11
Caitlin Long's Bank, custodia bank denied, a Federal Banking
3:15
Charter, even though it was more than one to one backed.
3:18
It was 108 percent backed, but you have Banks, like SV be like,
3:23
Silicon Valley Bank, right? And guess what, you know, taking
3:28
a lot more riskier decisions with their customers deposits
3:32
and they go belly-up, right? So, you know, this is what it's
3:35
about, this is the separation of money and state bunker down,
3:38
take self custody. D because it we've been saying
3:42
this many months. If you're, you know, if you've
3:44
been a viewer for a while, this should not have just should not
3:47
come as a surprise to you. They are now saying the quiet
3:51
part out loud. And of course, you know they
3:54
mentioned Bitcoins energy usage as well, right.
3:57
Every single type of thing they can use to attack this movement.
4:03
They will use. We are here bunker down, take
4:07
Bitcoin into self custody and I'm Very bullish on individual
4:11
states. I'm very, very bullish on
4:14
individual states. Of course, there's some States,
4:16
they're going to be hostile towards this movement, but
4:19
there's going to be some states that are friendly towards this
4:22
movement, and that's exactly what we're seeing.
4:24
Anyways, to be a crazy show. We're gonna try to bring all the
4:28
receipts for you guys, but before we start the show, I want
4:30
to bring up my awesome co-host. Always optimistic Opti.
4:33
How you doing, bro? I am doing wonderful today.
4:37
Nico Another Day in Paradise. Just another day where
4:41
bitcoiners just stay winning. What do I say?
4:44
Every single day, guys governments can't ban Bitcoin.
4:46
They can only ban themselves from Bitcoin.
4:48
And now, we are seeing it from the tip.
4:50
Top is that they are afraid. This is, they are afraid GIF,
4:54
and it's kind of like an I told you, so.
4:57
But hey, I'm gonna wait for my dunking until the new segment so
5:01
that we can keep it fresh. And on the culture, I couldn't
5:05
find our Twitter. Our Guest today on Twitter, so I
5:08
do have a little narrative of and it's kind of back to this
5:11
idea of, you know, grow up and play the real game.
5:16
The going on right now and it is being a Bitcoin.
5:18
Er, every other game is rigged against us and the only Lifeboat
5:22
we have is Bitcoin. So I think this is going to be a
5:25
fun one. Tldr Bitcoin, Maxis were right
5:28
and stay right. Anyways, let's bring in our
5:31
guests, stay right. All right, let's bring up our
5:33
guest Chico dirt. And how you doing bro?
5:39
Seems like he's having some audio issues.
5:41
We're going to try to get them back during the numbers segment.
5:43
Anyways, everybody, let's get two numbers.
5:46
We have a lot to talk about today.
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Anyways, at the time of recording, the Bitcoin price is
7:01
28,500 95. Michael sailor is almost break.
7:06
Even what happens when Michael sailor breaks.
7:08
Even I'm an I'm I'm feeling I'm feeling bullish right now.
7:12
I'm not gonna lie, so that's per dollar. 3490 7 block height 780
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1987 reachable Bitcoin nodes. Nineteen thousand four hundred
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eighty four blocks to the having fifty eight thousand thirteen
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having estimates. April 21st, 2024 total lightning
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network capacity, 5422 Bitcoin capacity value, 155 million
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dollars realized monetary inflation 1.76 percent and the
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market capitalization of Bitcoin 552 billion dollars with a be
7:47
anyways I want to move on to this.
7:50
Tweet by Brady Swenson and I think it's very appropriate,
7:56
right? For what's happening in the
7:57
arguments that the White House put out in the economic report,
8:01
right? You know, it says Bitcoin is
8:03
neutral money and there's a very famous video of Andreas
8:06
Antonopoulos speaking to a bunch of people about Bitcoin, mind
8:10
you at the time, the price of Bitcoin was $100.
8:14
Anyways, let's check it out. The topic I want to talk about
8:18
today is Bitcoin neutrality. Bitcoin neutrality.
8:23
What is bitcoin? Neutrality mean neutrality and
8:26
Bitcoin means being able to adopt Bitcoin and any culture,
8:32
any language, any religion, any geography, but also any
8:37
political or economic system. So Bitcoin neutrality is about
8:43
making Bitcoin a standard that is independent of your desires
8:47
and expectations. This isn't a libertarian See any
8:52
more than it's a communist currency, it's a currency and it
8:56
can be applied to any political system.
9:00
Whether it is. The political system you like or
9:04
not? It's a neutral currency.
9:10
So what is your travels? He mean, neutrality isn't mean.
9:13
No principles neutrality is a principle in itself.
9:19
And in fact, what I'm here to talk to you about today is the
9:24
neutrality is the most important principle in Bitcoin.
9:27
And most of the other great things derive from that.
9:32
If you want to really understand how neutrality will affect
9:35
Bitcoin in the future, we need to look at what has happens with
9:39
the In TCP IP in terms of neutrality.
9:45
On the internet. Anyone can publish. with the
9:51
same voice that Time Warner and CBS and ABC and CNN have so
9:58
neutrality is about being able to balance things so that it
10:02
doesn't matter who the sender is, or the recipient is how big
10:06
the transaction is, what type of transaction it is, whether its
10:10
buying gold camels or drugs, neutrality means that the
10:16
network will process your transaction and will charge you
10:21
Based on how big that transaction is into the
10:23
blockchain. So yeah, man, look, this is what
10:28
we're here about. This is why we always say simply
10:30
Bitcoin, a is a political. We do not lean left, we do not
10:34
lean, right? Right in the traditional, you
10:36
know, Fiat tropes like we call them, right?
10:39
We stand for Bitcoin, you know? And we are advocating for is a
10:43
system that doesn't care where you're born in right, where you
10:47
happen to be born in what part of the world you are in, right?
10:50
You can use Bitcoin. To download a Bitcoin wallet and
10:53
you could basically plug into the world financial to the world
10:57
economy, right? And the system they're
10:59
advocating for is a system that does care where you happen to
11:03
be. Born does care what country
11:04
you're in. Does care what skin color you
11:06
are in. Does care, what religion you
11:07
have. That's the system that they're
11:09
advocating for the system that we're advocating for is in
11:11
neutral system. So when they say when they argue
11:16
right? We're going to get it to a lot
11:17
of the arguments at the White House made that you know there's
11:21
no benefit. It to the system.
11:22
Well, that's benefit number one, right?
11:24
So if you care, if you truly care about Equity inclusivity,
11:29
right your Bitcoin Advocate, if you're not a Bitcoin Advocate,
11:32
you're against that because you're advocating for a system
11:35
that want that that does have biases.
11:39
It does care where you are right and even worse, right?
11:43
It's a system that steals from you as well, right?
11:46
So, you know, all their narratives and their spin,
11:51
right? It's just that it's narratives
11:53
and spin its Miss representations of what this
11:56
out, what this movement is actually all about.
11:59
This is about Freedom. This is about everyone having
12:01
access to good money. We live in a world right now
12:04
where you only have access to somewhat usable money if you
12:09
happen to be born in a specific location, right?
12:13
And this is what we're advocating for.
12:15
This is what we're fighting for and, you know, their arguments,
12:19
right? Really like I I don't believe
12:22
them because it's like, yes they say they care about inclusivity.
12:26
They say they care about Equity, they say they care about all
12:29
these, you know, all these nice Buzz words, but when push comes
12:32
to shove, it would require them to give up a little bit of
12:36
power, in order for those things to even be possible.
12:40
And of course, they're not willing to do that, right?
12:42
And this goes back to something that we've always said on simply
12:45
Bitcoin Bitcoin exposes incentives, right?
12:48
No matter who you are, whether your government accompany a And
12:52
it exposes what you really want, right?
12:54
And this one of one of Bitcoin one of Bitcoin, one of my
12:57
favorite features of Bitcoin, right?
13:00
So shout out to Andre has played a huge role in my personal
13:04
orange, peeling Journey, absolute Legend.
13:08
You can notice right that that room was basically empty.
13:12
Bitcoin conferences are an empty anymore, man.
13:14
They're full of people, right? So holy cow, have we come a long
13:18
way but I'm remembering my Ation with Luke Broyles.
13:23
We are just in the very beginning and I'm incredibly
13:26
bullish. But hey we are going to have a
13:28
bumpy road in the process. This is the separation of money
13:32
and state, they're not going to give over the keys gently.
13:34
They're going to want to fight tooth and nail to be able to
13:37
keep on to that privilege of being able to make money for
13:40
free that everyone else has to work for anyways.
13:43
Opti, what are your thoughts on this, bro?
13:45
Well, first and foremost, like you said, Andre has orange pill
13:49
to be in 2017 as well. So, A little nostalgic right now
13:53
because I haven't watched any of his content in a long time, but
13:56
I remember those long nights when I first caught the fomo
13:59
Bitcoin bug and just watch hours of Andre, it's his videos.
14:03
The old stuff is so good. But anyways, I really like the
14:07
topic of of this particular video because this is something
14:10
we talked about consistently, you know, neutral money is good,
14:13
like as we're seeing right now, having a money outside of the
14:17
system is a good thing owning a neutral money that no one's
14:20
control. That no one could Trolls.
14:21
It is why we love Bitcoin. This is basically what we talked
14:24
about every single day, and of course, today is the fomc
14:29
meeting. You know, the Federal Reserve
14:30
meeting and everyone is carrying what the Federal Reserve is
14:32
about to do. Everyone is watching and
14:35
wondering, whether they are going to break the system or not
14:38
and see how a small group of people are going to react to
14:42
what is happening in real time. You know, affect the monetary
14:44
supply of the US dollar and as a bit Corner we have opted out of
14:48
this madness you know humans should not have control over the
14:51
money. This is why we Bitcoin neutral.
14:53
Money is a good thing, having our money controlled by an
14:57
algorithm, you know, secured by math and encryption is a
15:00
feature. We no longer have to trust
15:02
humans, not to debase our currency.
15:04
And furthermore like why should you trust a small group of
15:08
people to tell us what we can buy?
15:10
You know what we can save in and how much they're going to debase
15:14
our savings. Like this is absolutely insane
15:17
and you don't have to you opt out of Bitcoin being a neutral.
15:21
Any that no government or people control is the feature of
15:25
Bitcoin. This is why we Bitcoin we have
15:26
taken money out of the hands of humans.
15:30
And we have put our faith in math and in algorithm completely
15:34
outside of the system. And again, of course, they are
15:38
not going to go easy into that dark night, and the oppressors
15:42
are not going to give up that oppression easily.
15:45
So, this is why we say every single day, the most important
15:48
thing for you guys to do, is to take Bitcoin into Custody spread
15:52
the signal and you know, tell more people about this live a
15:57
prosperous life and make sure that you live long so you can
16:00
Usher in these sets and this is all we are doing continued to
16:03
counter the BS from these people because they are working with
16:07
the Fiat incentives, which means they are not incentivized to let
16:11
you off the Yoke. Like you guys need to take back
16:15
your life, take back your money and saving Bitcoin.
16:17
It's literally this easy and yet it still seems complicated for
16:20
people. Yeah, Chico.
16:22
What's your take on all this, bro?
16:25
Hey guys, what's up? It's a pleasure to be here with
16:27
you. So, yeah, regarding what you
16:31
guys said. I think the Lord of the Rings
16:33
analogy is a great one. So, basically, we have like this
16:36
ring of power, right? It's the control of money.
16:39
And we bitcoiners, we are like raising this Army to try to face
16:43
like, Dark Army, which is basically you guys that are
16:47
defending our current field system.
16:49
And we are on this journey through to the volcano tool, to
16:53
destroy the ring once and for all because We know that once we
16:55
do that, we'll have a better Society for everyone.
16:59
Absolutely man. And this is what it's about.
17:01
And, you know, this is why we bring, you know, bitcoiners from
17:04
all walks of life on simply Bitcoin on simply Bitcoin live,
17:08
we make the effort to do just that because everyone's voice
17:11
matters here, everyone contributes, you know, doesn't
17:14
matter whether you have a big Twitter account, small Twitter
17:17
account, small YouTube channel, big YouTube channel, every
17:19
single tweet, we stayed in that we say during the mean review,
17:22
right? You know, tweets are bullets me.
17:24
Eames artillery in this information war that we're
17:27
fighting. We're trying to win over the
17:29
hearts and minds of people. And you do that one individual
17:31
at a time. One individual spreading, you
17:34
know, the Bitcoin message, right?
17:35
It's not a left and right issue. It's not democrat or republican
17:38
at least in the u.s., right. It's not you know, a socialist
17:42
versus whatever, you know, the the right side equivalent of
17:45
that is it's not about any of that, right?
17:47
It's about, you know, we want a money that doesn't steal from us
17:51
and that money is for everyone, right?
17:52
Doesn't matter which side of the political Spectrum, you are
17:56
doesn't matter where you live. It doesn't matter what your
17:58
beliefs are. You have the ability to use
18:01
Bitcoin? And if you're against that,
18:03
that's what you're against, you want a money.
18:05
That only a certain amount of people could use it.
18:07
Only a specific amount of people that you can use, that's what
18:10
you're against, right? And we have to be very clear
18:13
with that messaging, that's what you're against.
18:14
If you're against Bitcoin, you're against that right?
18:17
We have to be very, very clear. They won't be able to argue.
18:20
They will not, they don't have a response to that.
18:22
It's an it's an indefensible position.
18:24
Right? So we have to highlight that, we
18:27
have to highlight the fact that they want to you they want us,
18:30
they want to force people to use money that decreases in
18:33
purchasing power over time, they do not have a response to that
18:37
either and those are the points that we have to focus on.
18:40
We have to highlight. And, you know, we always say,
18:43
man, if enough people take self custody, that's how we went.
18:46
I don't think I'll hold on to go before you go before you go.
18:50
You basically almost said this, it's my obligation here against
18:53
Bitcoin Eureka. Okay.
18:55
And then the next thing I was purposely avoiding that.
18:58
Nope, nope against Bitcoin. Okay.
19:01
And then also shouts out the Jose.
19:04
He said mentioned the wall, mention the wallet again Opti.
19:07
Again, we say it basically every single day maybe every other day
19:10
at this point, but taking Bitcoin into self custody and
19:14
telling people just to take Bitcoin into self, custody is
19:16
half the battle. Push people towards the the
19:18
tools. You know.
19:19
I like what I like but you may like some other stuff and so the
19:23
wall is said, I like weather on mobile.
19:24
Liz blue wallet, green wallet, Zeus wallet, Pine Moon, Mercury
19:31
Phoenix and then on a desktop there is Sparrow Specter.
19:34
Bitcoin core Hardware, wallets Jade, cold card seed signer.
19:39
There's more there's a bunch of honorable mentions and I am
19:42
blanking on them but pick something, try it yourself.
19:45
There's trade-offs to everything but this is a way.
19:47
Thank you Jose, we will continue to do that.
19:50
Absolutely beautiful. All right everybody, let's get
19:53
to news. Let's do it.
19:56
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your Bitcoin. Alright, everybody.
20:32
So the White House released economic report of the president
20:36
in this report about 20 Pages. Yeah I just want you guys to pay
20:39
attention to the length of the section that was committed to
20:43
focusing on bitcoin is about eleven Pages longer than the
20:47
Bitcoin white paper. And I think that says a lot of
20:51
its signal right there. Look Point isn't complicated.
20:56
It's simple and that's a good thing.
20:58
Anyways so here's chapter 8 before I get into it because I
21:02
do want to you know kind of go back and forth to certain
21:08
segments, I want to read the preface, right?
21:11
And I know there's a lot of big Corners in the audience and I'm
21:13
sure it will make your blood boil.
21:15
So it says multiple financial crisis.
21:17
Have struck the United States during the last two centuries.
21:21
Many of these crises have been caused by institutions that In
21:24
like Banks but are not registered or regulated as Banks
21:27
so-called Shadow Banks. Right.
21:29
And remember what Elizabeth weren't words are important and
21:33
they're powerful. What it Elizabeth Warren refer
21:36
to bitcoin developers as shadowy super coders.
21:40
Anyways, it goes on to say, for example, the 1907 crisis then
21:44
called a quote Panic, was mainly caused by trust companies, which
21:48
are state-chartered entities, that competed with banks for
21:51
deposits. Because these trusts were not
21:53
part of the Short payment system and this process only smart
21:57
small amount of payments. They did not lost.
22:00
They did not hold a large amount of cash related to deposits to
22:04
earn profits. They made as many loans as
22:06
possible after a series of events in October 1907, set off
22:11
a rush for which draws several trust faced a run and were
22:14
forced to suspend credit and liquidate assets acting.
22:17
As a catalyst for a larger file set, fire sale and financial
22:21
markets to save the financial system.
22:23
JP Organ owner of the of the bank and a small number of other
22:27
Financial leaders individually chose, which banks to bail out
22:31
this helped government policies policy makers, realize that.
22:35
Okay, so JP Morgan picked what banks to bail out now, the
22:40
government picks what banks to bail out.
22:43
Remember, what happened with SV B?
22:44
Remember that the video of yelling, right?
22:47
Where Senator Grassley was asking?
22:49
Okay, so wait a second, so you're backing up the big Banks,
22:52
but the smaller Banks not so much.
22:54
Much. So, you know, The problem is,
22:58
how about you stop trusting a bank with your deposit and you
23:01
just take a little bit of personal responsibility and take
23:04
self custody. I also want to highlight the
23:05
date, right? Because they said look 1907
23:09
before the establishment of the Federal Reserve in 1913, right?
23:14
And coincidentally by the way, the same year is when they
23:16
implemented the federal income tax, it's weird how it's the
23:19
same year, lots of coincidences The Great Depression happened in
23:25
1933. The 2009 Finance 2008-2009.
23:30
Financial crisis happened after a central bank, right?
23:35
So I don't, you know, really understand the argument.
23:40
I think the argument that they're making is this help
23:42
government policymakers realize that when faced with the crisis,
23:45
the financial system. As then, constituent would rely
23:49
on a privilege of group of individuals seeking to maximize
23:52
their own profits. Rather than institutions that
23:55
had an obligation to protect the Public's interest.
23:57
Now, Now, that's a questionable statement.
23:59
If you are under the age of 35, Those apparently what they're
24:05
advocating for the government did not protect me in 2008-2009,
24:09
h stole from me. In fact, in 2020.
24:13
It's stole from me to look at the prices of real estate.
24:17
It's unaffordable. So what is it that they're
24:19
advocating for, right? And they have to preface this,
24:23
they have to preface is the first paragraph that they start
24:26
with advocating for Central Banking. but I'm not paying
24:31
attention to what they're spending with their narrative is
24:34
I'm paying attention to what the consequent with the results of
24:37
that system are They've stolen from our future period.
24:44
There's no there's no like you can't you can't go around that.
24:48
We've shown you guys the receipt, many, many times
24:51
anyways. Here is this coin Des article
24:54
that goes into the nitty-gritty of a lot of the parts of the
24:58
report we're going to go back to report, but this is a good
25:00
summary. So his coin Dash White House,
25:02
takes aim at crypto and scathing economic report.
25:06
The White House, took aim at cryptocurrencies, in a new
25:08
report arguing that many aspects of The digital asset ecosystem
25:11
are creating issues for consumers, the financial system.
25:14
And the environment, the economic report of the president
25:17
published on Monday, is an annual publication by the
25:20
economic, the Council of economic, advisers aimed at
25:22
explaining the president's economic priorities and
25:24
policies. Monday's report comes amid
25:27
growing industry. Concern that fed Euler Federal
25:30
Regulators are looking to D Bank.
25:31
Crypto companies, though, state and federal Regulators have thus
25:35
far denied, these claims still, the tone of the report is
25:38
unlikely to So a share these concerns former deputy
25:44
superintendent from with the New York Department of Financial
25:47
Services told coined at the report was a quote, damning
25:50
indictment. Indica meant of the space, that
25:53
makes their policy positions position.
25:56
Crystal Clear, quote, the amount of attention given to digital
25:59
assets is substantial, especially when viewed in
26:02
comparison to other areas of financial services that have
26:05
arguably been far, more detrimental over the past few
26:08
weeks and again, write it. It.
26:10
We've been saying this, right? That was an art.
26:12
That was a video that we published last week.
26:16
We said they're taking advantage of the banking Calamity and
26:19
they're using the Bitcoin and crypto industry as a scapegoat
26:23
quote. It has been argued that crypto
26:25
assets May provide other benefits such as improving
26:27
Payment Systems, increasing Financial inclusion and creating
26:31
mechanisms for the distribution of intellectual property and
26:35
financial value that bypass intermediaries that extract
26:38
value. From both the provider and
26:40
Looking under the hood at these arguments.
26:42
However, shows a more complicated picture so far
26:46
crypto assets, have brought none of these benefits.
26:48
That's a flat-out lie and that's a quote from the report.
26:52
That's a lie and we'll go through it.
26:55
One by one, such as improving Payment Systems yet, you're
26:58
removing an intermediary, right? So what is the, what is the
27:02
percentage that visa, and MasterCard and, you know, those
27:05
credit card companies charge, it's like three percent American
27:10
Press it's more than that right? Bitcoins, peer-to-peer the
27:13
lightning network. If you guys have used leg night
27:15
where lightning Network, it's literally Pennies on the dollar,
27:18
right? Of course, it's in its infancy.
27:21
Bitcoin volatility is still high, but you know, as Bitcoin
27:25
continues and moves from a, you know, store of value into a
27:29
medium of exchange. The volatility is going to
27:32
decrease and the awesome part about Bitcoins volatility is
27:34
that it goes up into the right right.
27:38
Excuse me. Increasing Ensure inclusion.
27:40
Yes, you know, if you're in the US and you have the financial
27:44
privilege of having developed Financial rails, you know,
27:47
perhaps, you know, you have your PayPal, you have your account,
27:50
you have your cash app, you have your venmo, okay?
27:52
Fine. But if you live in Nigeria, or
27:55
if you live in Argentina with 99 percent inflation, it's very
27:59
hard for me to get dollars. If you live in a country that is
28:02
sanctioned by the US government, it's incredibly difficult to get
28:05
dolled, not impossible. It's very hard to get dollars.
28:08
Bitcoin serves them Bitcoin doesn't care.
28:11
So that's what we talked about with financial inclusion, right,
28:14
creating mechanisms for the distribution of intellectual
28:17
property. That sounds like some shit
28:18
coronary. So we're going to skip through
28:19
that and financial value, that bypasses intermediaries hell
28:24
yes. Hell to the F.
28:25
Yes, that's the point. Anyways.
28:27
So let's go back to, let's go back to some of the sections of
28:33
the report. It's really important guys.
28:34
We do not have the time to cover all of it is 20 pages, but we're
28:38
going to cover some parts of Right.
28:40
So this is the perceived appeal of crypto asses, the perceived
28:43
write the keyword perceived as like, you don't you guys don't
28:47
actually, you know, understand the value, its perceived value,
28:51
the section reviews of potential benefits that crypto assets may
28:53
offer as often touted by the proponents while the next
28:56
section of value. It's what they have actually
28:59
achieved, right? So moving on and then, of
29:03
course, is take a look at this, right?
29:05
So here we have, you know, a pie chart, right?
29:09
They have Oh coins, cryptocurrencies crypto acids,
29:12
digital assets and then look what's in the middle, right?
29:15
Look, you get the best of both worlds.
29:16
You don't get the, you don't get the, the shit coined in the
29:19
Bitcoin, but you still get the benefits of the central bank and
29:23
cash and all that. And you know what's right in the
29:25
middle of that, for audio listeners, of course, Central
29:27
Bank, digital currencies. And that's what this report is
29:30
all about. This report is all about trying
29:32
to undermine the, you know, the appeal of Bitcoin and shit
29:36
coins, non-government money and highlight the Appeal of Central
29:41
Bank, digital currencies. That's literally what it's
29:43
about, right? So it goes on to say crypto
29:47
assets, have gained substantial popularity in recent years,
29:49
particularly, since the beginning of the pandemic in
29:51
2020, as shown in figure, the estimated Market values of
29:55
Select crypto assets, have increased significantly in
29:58
recent years and reach a collective peak of nearly 3
30:01
trillion and November 20 21. As of as of the end of December
30:04
2020 to crypto assets. Collectively had a reported
30:07
market value of a little under 1 trillion.
30:10
And due to a large downturn in prices over the year and largely
30:14
reflecting the failures of certain predominant crypto asset
30:18
projects and firms so you know Let's ignore right Bitcoin
30:22
Cycles. Let's ignore the fact that
30:24
Bitcoin has gone up into the right for most of his existence.
30:29
Maybe it has a 1-1 off-year here and there Let's ignore that and
30:34
let's spin it to. Yes.
30:36
The the another Market downturn which has happened many times.
30:40
Bitcoins history is you know it's a reflecting to you know
30:43
the failure of certain projects. Yes.
30:46
And they're right in a sense and this is why we always say that
30:49
the crypto industry gives a bad name to bitcoin, right?
30:52
Yes dude. The shit coins.
30:53
Some shit coins are going to go down and never recover.
30:56
This is why you know bitcoiners Advocate Bitcoin not crypto
30:59
anyways moving on and then it explains write the functions of
31:05
money, right? Goes on to say in early history,
31:08
bartering was common. Way for people to exchange goods
31:11
and services bartering. However takes time because
31:13
individuals need to find. Another person who is willing to
31:15
trade, one physical, good or service.
31:17
For another, the first money was in form of things like
31:20
seashells, right, you guys have heard this before.
31:24
And then it goes on to say, eventually institutions and
31:26
faith in currencies particularly the US dollar became strong
31:29
enough. That's piece was not needed to
31:32
assured. Investors concerns about what
31:34
was backing. The currency, this led to the
31:36
creation adoption of fiat currency or currency issued by
31:40
Government that is not redeemable Fiat.
31:42
Currencies value is largely a function of the currency.
31:46
Being the only instrument with which individuals can pay taxes,
31:49
I think that's key there, right? The strength of the government's
31:52
institutions such, as such as the legal system and Military
31:56
and a shared social trust in the value of money itself.
32:01
Interesting money and here here, you guys probably have heard
32:05
this before, right? The Uniform Commercial Code,
32:08
that's something that Governor DeSantis named yesterday they
32:12
were using that to try to pass certain laws and regulations.
32:16
So, it's interesting that we're hearing this wording.
32:18
Once again, money is defined in the Uniform Commercial Code.
32:22
Certain remember money as defined in the Uniform
32:25
Commercial Code. Remember what DeSantis said in
32:29
his speech, they were trying to change the definitions of what
32:34
money was in the unified the commercial code in certain
32:38
States, right? Sneaky sneaky.
32:42
Anyways, so back to this and contrast here, the economic
32:46
functions and common understanding of money are
32:48
considered for a type of money to actually be useful in the
32:51
economic sense, there must be wide agreement.
32:54
About its value. Either, derived from assets,
32:57
backing it, or from things like institutions and social, trust
33:00
money, serves Three core functions as a medium of
33:03
exchange, as a unit of account as a store of value.
33:06
Well, I don't know about you guys, but the dollar has been a
33:10
terrible store of value. Anyways, we're going to get back
33:12
to more aspects of the report in the coming days.
33:16
We didn't cover all of it, we tried to cover some of it as
33:19
much as we had time to. But I want to give you guys the
33:22
other side, right? So we're paying attention to
33:25
what the federal government is doing.
33:27
They've been giving us signs that they've been doing this
33:29
over the last couple months over the last couple of months.
33:32
Nick Carter did a great piece, right?
33:34
You know, we had Caitlin Long on simply Bitcoin IRL a couple days
33:39
ago to talk about It as well. So this does this shouldn't come
33:42
as a surprise to you, but this is a little bit more.
33:44
Surprising is the fight that some states are putting up,
33:48
right? We covered on yesterday's
33:49
episode, right? To Santa's coming on his Podium
33:52
and saying, listen, you know, cbc's big brother.
33:55
He's like, you know, he's labeling it and we had South
33:58
Dakota. Governor Christine Christine ohm
34:03
appeal or veto a law, a bill that was put on her desk.
34:08
That was trying to change the definitions in the the in the
34:13
commercial code that we just covered trying to change the
34:16
definitions of what is money and what is not money.
34:19
And if you pay attention to this report, they're relying on this
34:25
a lot, right? Money as as defined in the
34:28
Uniform Commercial Code, there the relying on that and a lot,
34:31
right? So what they tried to do in
34:33
South Dakota is that they try to change that definition.
34:37
It was only Because she caught it that she vetoed the bill, and
34:41
in South Dakota specifically, it would change the definition to
34:44
allow Central Bank, digital currencies, and to explicitly
34:47
say that currencies like Bitcoin and other shit coins are not
34:52
currency right. Anyways, also in Texas, it's
34:56
happening as well. This came out on the 21st.
34:59
I want you guys to pay attention to the dates of these press
35:01
releases whether it's Ron DeSantis or Ted Cruz, right?
35:05
It's not a coincidence that they're all Coming out around
35:09
the release of the economic report of the president.
35:12
So let me read through some of the quotes that that some
35:17
Senators had says the federal government has no authority to
35:20
unilaterally establish a central bank currency.
35:23
The bill goes a long way and making sure big government
35:25
doesn't attempt to centralize or control cryptocurrency and
35:29
instead allows it to try thrive in the United States we should
35:32
be empowering entrepreneurs and enabling Innovation and
35:35
increasing individual Freedom. Not stifling It Senator Braun
35:39
says, allowing the government to centralize America's Financial
35:41
information, increased surveillance of Americans.
35:43
Financial activity is simply a bad idea.
35:46
The federal government should not have even more control over
35:49
your money. I support the legislation to
35:51
allow entrepreneurs to prosper, and keep the federal government
35:53
from further encroaching on your privacy rights.
35:55
Senator Grassley, says quote, the American people ought to be
35:59
able to spend their money, how they choose without the
36:01
possibility, that every transaction could be tracked by
36:04
the government policy. This impactful should be made by
36:06
Congress. Not government bureaucrats.
36:09
And our bill would will, in would ensure that no one is
36:12
snooping on the finances of hardworking Americans.
36:15
Every American deserves that peace of mind.
36:18
So there's a battle going on. This is the separation of money
36:21
and state we are little bit. We are witnessing it.
36:23
We have front row seats and holy cow.
36:26
I mean, bro. Opti I don't know, man.
36:28
We've been covering this for a while now, dude.
36:31
Like this does not surprise me whatsoever.
36:34
Man. Like that like bro we've
36:37
Uncovering, this the writing was on the wall for a while but I
36:41
think this is a Smoking Gun. They came out and they said the
36:43
quiet part out loud. Look, we don't like Bitcoin.
36:46
We don't think Bitcoin is money. We advocate for Central Bank,
36:49
digital currencies, Central Banking is good.
36:53
Central Banking has done wonders, you know, Bitcoin is
36:56
bad for the environment. Bitcoin is not good for
36:59
inclusivity but I all those arguments I think they're
37:02
bullshit. I think they're Miss
37:03
representations. I think they're spin.
37:05
I don't agree with them and and I would love for there to be an
37:09
actual debate rather than this. Just this, you know, press
37:12
release saying all the claiming all these things and without
37:15
giving anybody the ability to rebuke it, man, this is crazy
37:18
dude. And they're not playing Fair,
37:20
that's why they denied Caitlin Long's banking Charter.
37:23
That's Why They seized Signature Bank, man.
37:28
This is crazy bro and I'm telling you this will continue
37:31
to this. Will continue to heat up.
37:33
But anyways Opti. What are your thoughts on all
37:35
this bro? Well yeah, I was going to Kind
37:38
of start where you ended that we've been over the mark for a
37:41
long time on the show. And I think I've been kind of
37:45
having this back and forth with myself recently.
37:49
It's like the naive. Take that.
37:51
Oh, we just need to educate these people better.
37:53
You know, they need to understand Bitcoin better but I
37:55
think it's becoming very obvious at the powers-that-be,
37:57
understand what we understand understand and it's at those in
38:01
power will lose that power by losing control of the money.
38:04
And this is why they are being so adamant about fighting
38:06
against Bitcoins. No, I don't think we can say
38:09
that the politicians end up Central planners out there.
38:11
Don't understand Bitcoin. Again, remember what Christine
38:14
Lagarde said, if there's an escape valve, people will use
38:16
it. So, you know, just the central
38:19
planners are here to help guys like, yeah, right.
38:22
You know, this the again I like how it's cloaked under the guise
38:25
of, oh, it's for your protection citizens.
38:27
Like it's pure projection and you know, the White House and
38:33
the B Administration are completely terrified.
38:36
This is financial Airfare right now.
38:39
What did CJ said when he came on the TTL World War 3 will be a
38:43
financial war and this we're in the midst of it.
38:46
You know we've been saying for a minute that this is the then
38:49
they fight you stage. I think it's becoming very
38:52
obvious that we are in the very early stages of then they fight
38:55
you because they blew up the system and they know it and we
39:00
know it and the information that's coming out the last week
39:04
is further proof that they've known about this for over a
39:07
year. They This exact scenario is
39:09
going to play out and now they are just trying to do whatever
39:12
they can to stop the waterfall from exploding right now, which
39:16
is Bitcoin. So, you know, they blew up the
39:19
system and in 2008 when they blew up the system, the last
39:22
time we had no choice but to bite the bullet and deal with
39:25
the Great Recession. But now we have Bitcoin during
39:28
this financial crisis. We don't have to do that.
39:31
You just opt out. Take your your wealth and put it
39:34
in a Bitcoin, take it into self custody, you know, it's very
39:37
Very simple. We try to get that point across
39:41
to everyone. Like, you don't have to partake
39:44
in the political schadenfraude, like, you don't have to partake
39:47
in the games, the bread and circuses, all you really need to
39:50
do is opt-out saving Bitcoin, provide valid your fellow man,
39:54
level up your skills, you know, just download a blue wall it on
39:57
your phone. I am almost positive.
39:59
It's going to be a lot safer than the money in your bank
40:02
account and then just repeat the process, like, take your money
40:06
out of the banks. And again, like kind of what
40:09
Nico is saying at the very end when he brought up the receipts
40:11
of all the states, like the most important things that you could
40:15
be doing right now, and we've been saying this for a while is
40:17
vote with your money and vote with your feet.
40:20
So, take Bitcoin into self custody.
40:22
And then, at least, at the very least, potentially thinking
40:26
about, moving to Friendly Bitcoin jurisdictions.
40:28
Because we are seeing right now, is that the beauty of the United
40:34
States is playing out that states have power and And the
40:37
FED cannot supersede that. And so, again, just vote with
40:40
your money and but with your feet, like, Bitcoin fixes this
40:43
that you like what did I say last week or two weeks ago, like
40:46
Boomers writing pieces of paper, telling us what to do and what
40:50
not to do like? Yeah.
40:51
That work for a long, long time, but now, all you have to do is
40:55
run the software. Run, the Bitcoin code run, a
40:58
node and opt out of this stuff like you, you have a choice.
41:01
Now, we have a choice, we have a solution to the problem and it
41:05
is Bitcoin. It is very clear that Bitcoin is
41:07
this Solution to this or else. We're just going to recreate
41:10
everything over and over and over again.
41:12
If you're not taking your Bitcoin into self custody and
41:14
running a note, like we already know how this ends gold failed
41:18
because of this very reason. Bitcoin is an improvement on
41:20
this. We have the tools today, guys.
41:23
Like you don't have to partake in the circus.
41:25
Amen. Amen.
41:26
Chico, what are your thoughts on this, bro?
41:30
I mean we are at War I think it's a different kind of work
41:35
but at least my opinion I think provision is coming especially
41:39
here in Europe. I think.
41:41
Unfortunately that's that's the step that they're going to take
41:45
and yeah the the best thing that we can do is exit the system.
41:50
Stacking sets and making sure we will lose them in a boating
41:54
accident afterwards. In case the government, in case,
41:58
the government's comes Comes to to our place.
42:01
But yeah, it's going to be it's going to be a tough battle but I
42:05
think it's going to be worth it for sure. 100%.
42:08
In this is a this is a peaceful Warriors, not kinetic.
42:11
All you got to do to participate, you got to be a
42:13
soldier, very simple, buy Bitcoin, earn Bitcoins Bitcoin,
42:18
and take that said, Bitcoin into self custody.
42:20
That's it. That's what we got to do.
42:22
As we got to do to win, and Chico said, something really
42:25
interesting. Said, losing you know, losing
42:27
your Bitcoin Automotive. Accident.
42:30
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42:32
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42:36
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for more information. Anyways guys, we're going to
42:56
stay on top of it. We're going to keep covering.
42:59
This economic report by the White House, we're only to cover
43:03
up. We were only able to cover a
43:05
little bit of it today. It's 20 pages, so we'll get back
43:08
to it tomorrow. But first, let's get to the
43:10
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always send me a Twitter DM, if you have Any questions Opti?
44:13
It's all yours. Let's go.
44:16
All right. Well, first and foremost, I do
44:18
have some tweets up here. But Elaine, I really like this
44:20
comment right here. Considering what we just covered
44:23
in the news. I think it's important to
44:25
highlight this. We are fighting for the future
44:27
of humankind, like this is why bitcoiners do what we do is
44:31
because we understand that the Fiat system is stolen everything
44:35
from us and they've stolen the future to pay for the for today.
44:39
And the only way to really fight back is to take bit And into
44:43
South custody. Anyways, I got a few tweets here
44:47
and again, this is just something that I've been trying
44:50
to say for a while on the show. But we've had so many guests and
44:54
I couldn't find our guest Twitter account this morning, so
44:57
I'm going to do it today. But anyways, I'm going to use
45:01
our friends tweets to do just a little jump off point.
45:04
And it's back to the idea that the Fiat system is fundamentally
45:07
broken guys. And again, I've been referencing
45:10
The Big Short. I'm the cliche.
45:12
A Bitcoin, a referencing, The Big Short right now.
45:15
And I'm just keep getting reminded of the stevecarroll
45:18
scene where he's like, everyone is walking around.
45:21
Like it's an end your video and not understanding what is going
45:24
on and I Le Han do right here on Twitter Alejandro.
45:26
BTC goes, most people I know have absolutely no idea what's
45:29
going on and this is something that I'm seeing in my daily life
45:33
as well. I keep looking around and, and,
45:35
and just wondering to myself how many people understand what is
45:38
going on. And I think it is very far and
45:42
few in between In. But bitcoiners you guys out
45:44
there have the answers and it's becoming more and more important
45:49
that we are kind of just doubling down on being the
45:52
annoying bitcoiners and again using other people's tweets.
45:55
As a jump-off point. We have Eric case on you guys
45:58
and quotes, I don't really get money or how all this stock
46:01
stuff works. I am almost convinced that this
46:03
is what everyone's saying right now.
46:04
You know, everyone's waiting for the for the FED meeting today.
46:08
Wondering what they're going to do with the money supply.
46:10
They're probably wondering what happened with the banks over.
46:12
The last couple of weeks, they probably don't even remember
46:15
what happened with the GameStop anymore, because we're just
46:17
bombarded with so much noise. Anyways, Eric case on goes on to
46:21
say, I know and that's why you are broke with no way out you
46:25
think that if you play by the rules and make the right move,
46:27
you'll be okay. But the truth is, the guys who
46:29
run this game, don't play by the rules and never did.
46:33
If anything comes out of the 2023 financial crisis that we
46:37
are currently seeing it, is that the powers that be have
46:40
completely rigged against again. Game against you and they know
46:44
it. What's the what's the saying?
46:46
They know they're lying. We know they're lying and yet
46:49
they continue to lie as we can see.
46:52
The banks are completely insolvent.
46:54
If you take one thing away from today's show is the banks are
46:56
completely insolvent. The Fiat system is completely
46:59
insolvent. It is basically fraud,
47:02
perpetuated, with laws and this is the status quo, but you don't
47:06
have to partake in this madness yet.
47:09
I understand human psychology. And I understand that people
47:11
will have to feel The pain before they wake up and again
47:16
stiff stuff on the bear on Twitter goes you can keep on
47:18
playing make believe in the fictional Reserve banking system
47:21
or you can join the grown-ups in the Bitcoin system.
47:23
It's fully reserved open and nobody but users control it and
47:27
this is the Crux of the situation.
47:29
What do we say in the news and the numbers neutral money that
47:33
no one controls? This is the future of Bitcoin.
47:36
It is where the real grown-ups are playing and it kind of goes
47:40
back to what I keep telling you guys every single day.
47:42
It's in the culture or whether it is on Twitter spaces,
47:45
bitcoiners have the solutions to the world's problems and it's
47:49
becoming more and more clear that we are, right?
47:52
They are wrong. They know that we are right and
47:54
they know that they're wrong yet.
47:56
What do they have? They have a trillion-dollar
47:59
psyop campaign against the average day, everyday person,
48:03
anyways, doubling rope. But it's true though, like its
48:05
true. Like I'm I used to think I was
48:07
wearing a tinfoil hat when I when I said that now, I bet
48:10
elaborate elaborate a little bit more.
48:12
What do you mean by that? Opti like what is this PSI up?
48:15
The siop is that the paper money you are using is real.
48:18
It is not debt. And furthermore, what did we
48:21
just see from the Biden Administration?
48:23
They literally dropped a whole report to try to Gaslight you
48:27
and tell you not to hold Bitcoin.
48:29
Like they know what's going on? I'm fully convinced.
48:32
They are, they are aware of what's going on.
48:34
But I am convinced that the reason they are able to double
48:37
down on this is because the average person is still asleep
48:39
at the wheel and this is why it is so important.
48:42
Continue to spread the Bitcoin signal whether it's through
48:45
humor, whether it's through logic and facts.
48:48
Whether it's just through heartwarming stories, it is
48:51
becoming very obvious that we need Bitcoin.
48:54
And this is where I bring in this thread by coin, junkie on
48:58
Twitter. And this is I think where we're
49:00
at right now. We're at a fork in the road, I
49:03
would say and I think he lays it out very well in this study,
49:07
because people are going to buy Bitcoin because it is
49:09
predictable, people like to rely on cam All information the fed,
49:13
and these other central banks are anything.
49:15
But predictable, as we are seeing today in the Federal
49:18
Reserve, meaning everyone's waiting what, you know, with
49:21
their hands under their butts wondering what they're going to
49:24
do, biting their nails. Because everyone's feels like
49:27
the world's about to blow up. The banking system about to blow
49:29
up, we'll see what happens. Anyways, as much as they tried
49:31
to sell that they are predictable.
49:34
They are no more predictable than all of these shit coins.
49:37
So, you know, people who don't own Bitcoin will laugh at the
49:39
idea that Bitcoin is the solution and those Do on
49:42
bitcoin. Will laugh at the people that
49:45
clearly just don't get it. So we will all be laughing.
49:48
Will be laughing into the bright orange future but you cannot
49:52
build a future without predictable money a neutral
49:54
money. That no one controls are.
49:55
Our whole economy is slow down right now.
49:57
Waiting for the FED to give us a clear Direction and they simply
50:00
have no idea ability to do so. Bitcoin is that path forward
50:04
guys. Otherwise it is Idle laziness
50:07
and low production and this is where we are right now.
50:10
And remember the Jack mahler's video that we played?
50:12
Yesterday, absolutely pure signal from Jack mahler's.
50:16
And he did a tweet thread on it today.
50:19
Or last night, I forget exactly which one and it goes, the FED
50:22
told US inflation was transitory the FED, told us there would be
50:25
a soft Landing. Now, the FED is going to fix a
50:28
financial crisis by pretending low price.
50:30
Bonds are worth more than they are.
50:31
No thing I prefer software and math that I don't So it seems
50:39
like we lost Opti guys, show The Show Must Go On.
50:43
Show Must Go On. Seems like his internet dropped
50:45
out. No, he's back.
50:47
He's got oh, oh good, I'm good. Okay, keep rolling.
50:51
Keep it all in, bro. All right, I was on my last two
50:54
threads are two tweets guys. The Bitcoin monetary Supply is
50:58
the most stable money in the world.
51:00
We already know what the total supply of Bitcoin will be, and
51:04
it is because you guys run the the code.
51:06
You guys run your node. You guys are taking Bitcoin in
51:08
the Custer, you've opted out of the madness and I just had to
51:13
throw one of my memes in here because it is becoming very,
51:16
very clear that bitcoiners were right.
51:19
And so we have just a standard. Whoa, Jack bell curve meme.
51:24
We have the left side of the bell curve.
51:25
Bitcoin standard is the only way we have the right side of the
51:28
bell curve Bitcoin standard is the only way and we have the
51:32
Midway to oh my God. Bitcoin.
51:33
Maxis were right guys. Act like we are right act?
51:37
Like we have the solutions because we We do and in the face
51:40
of everything going on, I think it's becoming more and more
51:43
important to realize that the solution is Bitcoin, and I think
51:47
tomorrow Nico depending on something else crazy comes up.
51:51
I might cover the Balaji tweet thread because I think it kind
51:54
of lays out stuff pretty pretty good, even though it is coming
51:56
from a shit corner, I think it's very interesting right now that
51:59
a lot of people are trying to Orange wash the past and
52:02
realizing that Bitcoin is our right Bitcoin.
52:05
Maxis are right. One money will win this great
52:07
transition and It is Bitcoin. Anyways.
52:10
Yeah. CB Coupe.
52:11
My McDonald wi-fi is acting up. I'll have to move my shut up
52:15
again. I'll have to move my setup
52:16
again. Sorry, I would just like to
52:23
basically add that I have a finance /, economics background
52:28
and for his people is really really hard like to swallow the
52:32
frog that basically everything that we've learned on uni is
52:36
wrong, you know. And I think that's like the
52:38
major reason why these people specially like we're related to
52:42
Wall Street are like so hard to be convinced regarding like why
52:48
Bitcoin makes sense. It's literally a matrix.
52:50
Experience that of have went through.
52:53
So I think, you know, in order to get out of, in order to get
52:57
out of a prison, you need to to know that you're in one, right?
53:00
There's this famous quote and I think that it fits really like
53:04
the the perspective from from these guys in namely in Wall
53:09
Street. Yeah. 100% 100%.
53:15
Oh man my blood. My blood is still, my blood is
53:18
still boiling, my blood is still boiling bro.
53:23
Boy. Oh boy, did we have a fight?
53:24
But remember, guys, not your keys, your Bitcoin.
53:27
Anyways, everybody, let's get to the meat of you.
53:28
Let's do it. The daily meme review brought to
53:35
you by Kaboom racks. I get this question all the
53:37
time. Nico.
53:38
Where should I buy Bitcoin? Miners to answer is Kaboom
53:41
racks. It's the best place to buy
53:43
Bitcoin miners. That's where you're going to
53:44
find the best deals and the best prices start.
53:48
Your mining Utopia today to check out their racks.
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You got to go to T dot me, slash Kaboom racks.
53:53
Join their telegram group and start your mining Journey today.
53:57
Kaboom racks. All right, guys, you already
54:00
know. Know what I say every single day
54:03
and it's becoming more and more obvious that this is the truth.
54:07
You are in an information War. Right now you need to understand
54:11
what is the signal and what is the noise and hold onto that
54:14
signal. And that signal is Bitcoin, that
54:17
signal is all your friends on bitcoin Twitter, continuously
54:20
ridiculing. The powers that be putting truth
54:23
in art and spreading that Bitcoin signal getting the cause
54:26
of actions out there. Because tweets are the bullets
54:29
memes are the artillery we are. In an information war, and it's
54:32
never been more obvious at the powers-that-be.
54:34
Do not want you holding Bitcoin. So what are we going to do?
54:38
We're going to make memes and hold Bitcoin.
54:39
This is the way and this is the path forward boys and girls,
54:43
anyways, Becca hit me up yesterday on the YouTube stream
54:49
and she said I was LARPing on my picking of my memes and I didn't
54:53
see your meme, but you tagged me.
54:56
And so we're bringing it on today.
54:58
So this is Ghost of Becca. She goes.
54:59
Good morning hashtag Bitcoin and we got the classic.
55:03
Whoa, Jack sitting in a room they don't know Meme but now we
55:07
got Janet yellen's head on top of it and it goes, they don't
55:10
even care that we're going to print trillions of more dollars.
55:13
And it's a bunch of bitcoiners goes 20, 1 million limited
55:16
Supply Tick Tock, next block rules without rulers barrage.
55:20
Shout out the back. Okay.
55:21
There's next one is by at slac Goomba and hey, dude, I felt
55:26
this one because I literally I've been doing this the last
55:29
couple of days so we got a Lord of the Rings Meme here and he
55:32
goes after every single Bank Run and then we got, I forget who
55:37
this is. So maybe maybe Chico can can
55:41
help me out on exactly what characters are this is but he
55:44
goes after all. Why not?
55:46
Why shouldn't I watch it? And he's looking at the meme are
55:49
the Lord of the Rings ring and if you zoom in it is the big
55:52
Shore after all. Why shouldn't we be watching The
55:55
Big Short again and again after every single bank run?
55:57
Because it's almost like it's telling us exactly what's
56:00
happening just a different way. Anyways, this next one is by at
56:03
empty underscore Banks and they just guys good morning and I
56:06
really, really for some reason like these Good Will Hunting
56:10
memes. I don't know, they hit me
56:11
different. Anyways, we got Matt Damon with
56:14
the in that classic scene. Scene with the with the Yuppie
56:16
guy with a ponytail and he goes one day, you'll wake up stack
56:21
some Bitcoin and start doing some thinking on your own and
56:23
come to two certainties in life. One don't fuck with people's
56:27
money and to definitely don't fuck with people's trust.
56:31
This is literally where we are right now in the movie, boys and
56:34
girls. They have messed with our money
56:36
and they have completely annihilated our trust and yet,
56:40
some people still trust them. I don't get it couldn't be me.
56:42
Can't relate anyways. This next one is by at Maxie's.
56:45
And it goes 342 mood and it's a big corner.
56:49
It looks like a little baby bit corner and innocent Bitcoin.
56:52
ER and it goes my only two moods.
56:54
We got the angel on one side. Having Bitcoin, you can protect
56:57
yourself from the eminent Global Financial disaster.
56:59
And then the devil Bitcoin are on the other shoulder goes have
57:02
fun, staying poor Lowell. This is where we are right now.
57:05
Everyone probably feels the same way.
57:07
We do have some sense of compassion over here as Bitcoin
57:10
Maxis. We have the solution and yet
57:12
sometimes we just get we we just get our patients tried and we
57:18
just hit you with a strong meme. Anyway, this next one, is by
57:20
coin Bureau and it goes big day for Jerome today, bigger day for
57:23
Bitcoin and we got the classic superhero, pressing buttons,
57:26
dilemma Meme. And on the left side, it goes
57:29
another bailout Bitcoin moons. And on the other side, let the
57:32
system collapse Bitcoin moons and we got Jerome.
57:35
Powell's face sweating Jerome's dilemma right now.
57:38
Which button do I do? We shall see in about, I don't
57:42
know, an hour or so, what they do.
57:45
And which way we go in this fork in the road so interesting.
57:50
Interesting interesting. This next one it's not so much a
57:53
meme as it is a chart but shouts out to at Morpheus underscore
57:57
BTC and he goes even Goldman is saying Bitcoin is the best
58:00
performing acid. Are you still stacking or are
58:02
you still in the Fiat Matrix wake up?
58:05
And you can see over here, we have this chart you know we have
58:10
some some data in from Goldman Sachs and it goes on the top
58:13
market performance here today. Absolute and risk-adjusted
58:17
returns and you can see total returns in Bitcoin 51% literally
58:21
blowing every other investment out of the out of the water.
58:25
It's because it's almost like Bitcoin is the safe-haven asset.
58:28
And then on the other side we got risk-adjusted return Sharpe
58:31
ratio and Bitcoin 1.9 above everything else.
58:35
So again, even the banks are saying what we say that Bitcoin
58:39
is the best thing to be holding. And this next one guys, I'm not
58:43
going to play the audio because There is some background noise
58:46
and I don't want to get hit with the copyrights but shouts out
58:49
the ghost of Whitman. This is, this is the vibe.
58:52
I literally just play with the weakest.
58:54
I know exactly. I'm going to play the sound off
58:56
and I'll narrate it. I literally play a showed you
59:00
guys. The simply Bitcoin meme that was
59:02
basically this video in mean form but we got ghosts of with
59:05
man, right here goes quote, you got lucky with Bitcoin and then
59:09
he goes stacking and saving and Bitcoin for years.
59:11
And here's the video guys. Oh we got someone walking over
59:14
mouth. Ow, straps running through a
59:16
fireboard. He gets on a seesaw and it hits
59:20
him in the nuts. Let's see, you know, nutshot
59:24
seesaw this is the Bitcoin Journey, it's a lot of pain, he
59:27
gets pepper sprayed and tear gassed and OU.
59:31
Bitcoin is just got so lucky. And this is a stacking and
59:33
saving the last four years. He's getting people's you know
59:37
he blessed bust through some some LED lights and then he gets
59:43
taser gun again. As he goes in a little kiddie
59:46
pool. This is the pain.
59:48
Literally, guys, don't let them tell you.
59:52
This was easy, it is not easy. Remember how much work you had
59:55
to put into Stacks at to learn about Bitcoin?
59:59
Remember how much Blood Sweat and Tears?
1:00:02
You had to go through to understand Bitcoin.
1:00:05
Remember how work bro? One of your friends called you
1:00:10
an idiot and a lunatic and delusional.
1:00:13
And yet you double down and Continued to Stacks ads, do not
1:00:17
let them tell you. It was easy.
1:00:18
You have earned this, you will continue to earn this.
1:00:21
It will only get harder as the Bitcoin price moves forward.
1:00:24
So double down on your convictions.
1:00:26
This is the way the corners are correct anyway, the Nico I see
1:00:30
you're already ready with your mean review.
1:00:32
So I'm gonna give it not one, not one of Jade, I'm gonna give
1:00:37
it one of them is invisible, but I got you guys.
1:00:43
I got you guys. You have to turn off the green
1:00:45
screen. In for a second.
1:00:46
Take a look at that. Beautiful!
1:00:48
Beautiful! Beautiful.
1:00:49
I'm on camera, zoom in. You could do it.
1:00:51
You could do it camera. It's the special edition.
1:00:55
Jade, that's my score. That's my score, bro.
1:00:57
All right, well my score. This this seems a very fitting
1:01:01
today. Again I'm using the Bitcoin
1:01:05
mags, orange pill or orange party issue.
1:01:08
But it is not the magazine because I've given that one
1:01:11
already, I am giving you the Max Keiser article who is The Banana
1:01:15
Republic. Now, biatch spicy Chico.
1:01:20
What would you give those means, memes.
1:01:25
I mean from our ETA. What's the scale?
1:01:28
Know any, any score number feeling?
1:01:34
I mean, doing pretty good, I guess, owning an especially,
1:01:38
especially, especially the last one.
1:01:40
Okay? But, you know, regarding
1:01:42
regarding what you guys said, I have something else to say is
1:01:46
well, so I'm doing. I'm finishing my masters in Fiat
1:01:48
Finance, let's say just for you guys to be aware.
1:01:52
We are like almost 400 and like I'm pretty much the only bit
1:01:56
Corner in class. Like, everyone thinks everyone
1:01:59
thinks that I'm crazy when when I asked the professor's like
1:02:03
Questions regarding Bitcoin. Just this for you guys to be
1:02:06
aware and know another reason for us to be bullish about we
1:02:10
are early and what do you mean crazy?
1:02:13
Yeah we are early as fog in the craziest thing is that these
1:02:15
guys are going to be the ones that are going to like they're
1:02:19
going to be managing like Pension funds.
1:02:21
Everyone's you know reforms and you know investment plans and
1:02:27
they are like they have this mental model that, you know,
1:02:31
it's not practical in the real world and And that's what's
1:02:34
like, completely fucked up in the yeah.
1:02:38
We are still early, guys miss this Wonder.
1:02:41
Similarly, that is the score anyways.
1:02:43
Opti, we got time for four scores.
1:02:45
Let's Do It music. Cue, please.
1:02:47
Wait, wait, wait, wait, wait, wait.
1:02:49
I think we need to wait. Hold on.
1:02:50
I only know. We got one.
1:02:52
We got, we got some okay. Okay.
1:02:53
Okay. No, no, we do have to wait, we
1:02:56
do have to wait, we do have to wait.
1:02:58
She's go t. Go through Chico.
1:03:00
Threw me a curveball. Hey, No good.
1:03:04
Threw me a curveball bro. Okay.
1:03:05
Anyways guys before we get to the mean scores, I want to give
1:03:08
a shout-out to our awesome clothing sponsor.
1:03:10
Super stylish, super comfortable.
1:03:13
I literally where the merch every it's all I wear nowadays
1:03:16
represent LTD.com they got simply Bitcoin Mercer some
1:03:19
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1:03:21
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1:03:29
discount anything on the store anyways Opti let's Get to some,
1:03:34
let's get through. Let's get through some some
1:03:37
scores. So wrote mr.
1:03:38
Robot 20 out of 21, very nice. RW memes, score. 350 EXA hashes
1:03:45
proof of work. Boom, Shaka Laka, Laka Laka
1:03:49
Elaine. LOL scored Nigerian style.
1:03:52
Adoption of cvtc's? Yes, yes, I love that Igor.
1:03:57
I give the memes Jack Ballers I get Nico, can't read that
1:04:01
atomically correct will bear off these gonna do the reading from
1:04:04
now on? No.
1:04:05
It's part of the meme review score of your readings.
1:04:08
All right, we can do videos, I make As for a reason, okay,
1:04:12
McLovin I give them means a cubic zirconia engagement ring
1:04:17
for Opti to give to Christine Lagarde, okay?
1:04:20
Okay. Very nice, very nice.
1:04:21
Just a bad day for me, Ballard a bad day.
1:04:25
All right, that's the buzzer also guys, check out something
1:04:28
Bitcoins telegram groups? Absolutely free.
1:04:30
Go to go to www.ah.mil Simply Bitcoin TV and of course, check
1:04:35
out the written version of this show simply Bitcoins blog.
1:04:39
We're dropping hot fire Shout It's our awesome team of
1:04:42
writers. So check that out.
1:04:44
Also free. And thank you so much for guests
1:04:46
for joining us today, chico. Dirt and 21, guys, simply
1:04:50
Bitcoin is for the people. So we bring on bitcoiners from
1:04:53
all walks of life, very popular bitcoiners that have huge
1:04:57
following and unknown bitcoiners as well, but I'll tell you, this
1:05:01
guy's is something that I've picked up.
1:05:04
The most fascinating stories I've heard are from bitcoiners
1:05:07
that don't really necessarily have huge followings and the
1:05:13
reason for that is because no one's heard their story before.
1:05:15
So we're going to try our best to continue highlighting these
1:05:18
bitcoiners bringing them on simply Bitcoin live.
1:05:21
That's what the show is all about so that they can tell
1:05:24
their story. Chico, thank you so much for
1:05:26
joining us today. Why don't you tell everybody
1:05:27
where they can find you? Yeah, so I'm at Twitter at she
1:05:33
could learn in 21. I mean I have a LinkedIn as well
1:05:37
but I don't think it's it, fits your audience.
1:05:42
So yeah, I guess if you want to connect with me, just just send
1:05:47
me a Dean at the M or follow me and I'll follow you back some.
1:05:50
Thank you. Gu thank you Chico for joining
1:05:52
us guys, that was another episode of Simply Bitcoin live
1:05:57
view, enjoy the show. You know to do smash that like
1:05:58
button. Consider subscribing.
1:06:00
If you feel like we provided you value, the number one thing you
1:06:02
could do specially after what happened today to spread the
1:06:05
peaceful Bitcoin Revolution is share this content, get people
1:06:09
to aren't get orange, Phil people get people to take self
1:06:12
custody. Don't shit coins, bad for you.
1:06:15
Speaking of that, that reminds me guys.
1:06:17
We are hosting a Twitter spaces, all the way till 2 p.m.
1:06:20
Eastern Standard Time with our friends, over at Swan Bitcoin
1:06:24
best place to build your Bitcoin stack.
1:06:27
So if you want the party to continue, definitely join the
1:06:30
Twitter spaces is live right now.
1:06:32
We will see you tomorrow for a brand new episode of Simply
1:06:35
Bitcoin live.