Latest / Simply Bitcoin / Mining Company DUMPS 7,000 BITCOIN | EP 524

Transcript

Mining Company DUMPS 7,000 BITCOIN | EP 524 · Simply Bitcoin

0:04
Welcome back everyone, we're simply Bitcoin.
0:06
We break down the news. The daily fail meme review,
0:09
software releases, Hardware releases, and the plebiscites
0:13
joining us today sponsor of the show.
0:17
We've got Daniel from Cipher safe, Daniel.
0:19
Thank you very much for joining us.
0:21
I'm happy to be here. Cool.
0:23
All right. Look the the conversation.
0:26
Well, you know where we're going first.
0:28
We are diving into the numbers. Goes.
0:30
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Check All this stuff out at noddle, Dottie you at the time
1:03
of this recording, the block height is 743 1886, the Bitcoin
1:07
price 20,000, 415 chain rewrite days 834 total public, lightning
1:13
capacity, 4080 8.53, Moscow, time 48, 97 blocks to The
1:19
Happening, 96,000 114 and the samurai Whirlpool, unspent
1:24
capacity, Samurai Whirlpool is a coin or collaborative spend.
1:28
It is not a mixing. Service the unspent capacity for
1:31
that pool is 4810 dot 30 and just want to mention prices 2420
1:42
didn't say it initially. But I thought somebody would you
1:45
know, kind of chuckle before I chuckled but I guess I have to
1:47
mention it. What is the significance of 420
1:50
felt so significance? It's just a good number.
1:52
It was just a good number. It's just a good number and we
1:54
all have to appreciate it. I'm just a bit.
1:57
Anyways, I picked A very, very good topic that I know.
2:05
Daniel would appreciate I totally just brain for.
2:08
I remembered his dog's name. Faster than Daniels name, let's
2:12
good. Our marketing is working even
2:16
though I talked to Dan and all the time and Niko can't read
2:20
Nico, can't remember. Okay, anyways, I'm getting
2:22
sidetracked important. We covered many times on this
2:26
show, how the whole ESG stuff, the whole environmental stuff is
2:31
a scam and more importantly, the reason that we cover it on
2:34
simply Point is because it's a mechanism of which they attack
2:38
bitcoiners is one of the one attack Bitcoin mining to be
2:41
specific. It's an attack Vector.
2:44
Now, I just want to, I want to emphasize this because I know a
2:47
lot of people are going to take what I say out of context.
2:51
Does this mean that we are so cold climate change?
2:55
Deniers know? Does this mean that we don't
2:57
care about the environment? Absolutely not what we disagree
3:01
in is the mechanism the way in In which you deal with these
3:06
issues, we do not believe that making the bureaucracy bigger,
3:12
right? Is going to solve these
3:14
problems? We are in fact for the
3:16
free-market solving these problems because just look at
3:19
the track record. The free market has a much
3:22
better performance versus the bureaucracy.
3:25
And let me give you an example of how big this clown World?
3:30
Bureaucracy is getting. This is this is a joke.
3:33
This is a check out this Line by Reuters, EU Parliament backs,
3:38
labeling, gas and nuclear Investments as green.
3:42
Yeah, that's right. You read that, right?
3:44
I'm not kidding. This is a real article.
3:47
The European Parliament on Wednesday.
3:48
Back to EU rules, labeling investments in gas, and nuclear
3:52
power plants as climate-friendly.
3:54
Throwing out an attempt to block the law that has exposed deep
3:58
Rifts between countries over how to fight climate change, the new
4:02
rules will Gad gas and nuclear power.
4:04
Plants to the EU, taxonomy rule book from 2023.
4:08
Enabling investors to label and Market investments in them as
4:13
green. Remember this all part of the
4:14
ESG stuff, right? Why are they talking about
4:17
Investors? It's all part of the ESG stuff.
4:20
Remember the the if you if you're labeled as ESG friendly
4:24
you are more friendly company to invest in.
4:27
Right? So the whole thing is a scam and
4:30
guys look like we caught the other so-called ESG Proved fun.
4:36
Investing in oil, gas companies. Write this whole thing is a
4:40
scam. Natural gas is now green.
4:43
Nuclear energy is now green. Why are they doing this?
4:46
Why are they pivoting? All of a sudden?
4:48
Well, because Germany, shut down all their nuclear power plants
4:54
and then Russia invaded, Ukraine, right?
4:57
And for anybody that doesn't know.
4:58
Russia is a huge natural. Gas producer and Europe, still
5:02
relies. I think it's like 40% Sent on
5:05
Russian natural gas. So think about it right now,
5:09
these European countries that are hostile towards Russia
5:12
because of the invasion of Ukraine, all of a sudden they
5:16
need energy. So all of a sudden nuclear
5:19
nuclear energy and natural gas is green, this is this is why
5:25
I'm talking about this guy's, this is a joke, this is a clown
5:28
where you can't take these people seriously.
5:30
Listen, if they're really that principled, they would keep
5:34
Cheap natural gas and nuclear energy as non-green, but because
5:40
they need the energy now because reality is smacking them in the
5:43
face, all of a sudden, those things that are not so great in
5:49
the past have been labeled as green.
5:52
And therefore now they're good at ESG Investments.
5:56
This whole thing is just ridiculous.
5:59
So remember when these people inevitably attack Bitcoin mining
6:04
Remind them of this and also a little question for you.
6:10
Phil does this mean now the Bitcoin miners that are powered
6:14
by nuclear energy and natural gas?
6:16
Does that make them green now to just like I taught, ya know,
6:21
that's absolutely right Nico, that's what I was thinking.
6:23
As you were talking like, wait a second.
6:25
I'm like, dude did we just win in directly?
6:27
And they didn't want that to happen, because think about,
6:30
it's right. There's there's people, you
6:32
know, there's people companies like Upstream data.
6:34
You know that are you know essentially going and fitting
6:38
all of these you know all of these gas producers all of the
6:41
you know will say the the fire the fire run off, right?
6:44
The flaring and they're fitting them all with these conversion
6:47
units. So did all of a sudden did we
6:49
just did everybody just completely ignore the the
6:52
flaring and there you go. It's green.
6:55
The other point is I just want to.
6:57
I just want to bring up, this is all greenwashing right?
6:59
This has this has never had anything to do with the
7:02
environment. I think that this is what a lot
7:04
of people. Will misunderstand.
7:04
And I know that it's really empowering to get behind, you
7:09
know, some of these some of these movements, right?
7:12
Because it sounds great, it feels good, you know, it feels
7:15
like you're doing something right but you really gotta take
7:19
a look at where the money is coming from and what the
7:23
motivation really is and then it becomes very difficult and then
7:26
you start to realize, well, you know what?
7:27
They may have a really positive message but unfortunately the
7:31
end that they are driving. Is not the end that you as an
7:37
individual necessarily want to have because this ESG narrative
7:41
is not going to end with, you know, everybody.
7:44
Happy running through the fields and it's unicorns and rainbows,
7:48
okay? It's going to be every single
7:50
person in a tiny little pod with like, a really garbage VR
7:52
headset. Living a life like a slave for
7:55
real, you know, I know it sounds crazy, but we're driving towards
7:58
that and you know, let's face it.
8:00
There's a nice portion of us that don't want to see that.
8:02
So anyways, bye. I just painted a dark picture,
8:05
Dan, Daniel. I agree.
8:08
It's attempt to go back to a feudal system where he serves
8:12
depending on your feudal Lord because he's got the power and
8:16
the energy available to run things and that's what's one of
8:21
the major things that have grown Society is the abundance of
8:24
energy. And when you take that away, you
8:27
take away, take away socialisation.
8:30
Or severely reduce it. Absolutely.
8:32
You hit that, you hit the nail on the head, you control energy,
8:36
you control people, same with food, you control food, you
8:39
control people. I actually picked this topic
8:42
because I knew Daniel would like it and yet as in butter, and
8:46
then, as well. So yeah, it's total clown world.
8:50
Like this is just such an exposure, feel like, oh, it's
8:55
green when we need it. Well, that's it.
8:59
No, but that, that's Exactly it, right?
9:01
It's green one need when we need it, but the problem is at the
9:04
end of the day is that it never has anything.
9:06
As you've said to me, right? Like it's it never has anything
9:09
to do with providing any kind of actual change anywhere.
9:16
It's always just to fit the current narrative.
9:18
Like, I always feel like we're just, it's always kicking the
9:21
can down the road and we're always moving the goalposts.
9:23
And those of us who are actually calling this stuff out, we start
9:26
to sound insane. Yeah, 100%.
9:29
And this is just another Example of central planning meeting
9:33
reality. Okay?
9:35
They thought oh we're gonna you know just green all these in all
9:39
these energy producer, da. Look at.
9:41
Now, look at how much look how much more at Germany is paying
9:45
for power electricity. Do you think those citizens
9:47
signed up for that? Do you think they signed up?
9:50
Do you think they knew this was coming?
9:52
They would have never have agreed to this.
9:54
So it was marketed again, I'm not questioning the intentions
9:59
and I'm not Questioning the nobility of fighting climate
10:02
change. What I'm questioning is dude,
10:05
we've tried this. Look at the outcome.
10:08
The outcome is showing you to something totally different than
10:12
your intended. Your intended what you want?
10:15
What you were intending to do and look at the end of the day
10:18
just because you're not producing natural gas in your
10:22
country and your actually importing it from another
10:25
country. If you're still here, it's it's
10:28
what we're all sharing. Sharing the same atmosphere.
10:31
So I think it's just look, it highlights their hypocrisy and I
10:35
just think this is going to continue ESG must be called out.
10:39
Not only is an enemy of Bitcoin, it's an enemy of humanity, it's
10:43
anti-human but anyways, Phil it's time for the daily fail
10:48
brought to you by Swan. Check them out, Swan Bitcoin
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11:00
By fellow plebs. The link is down below.
11:02
All right, I figured I figured at this point we have so many
11:05
gaslighting headlines that we could just probably pick
11:08
one-a-day. So I'm going to attempt to do
11:09
this. So this is our quick gaslighting
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headline of the day, shoutout to icoc, not for tagging me in
11:15
this. Here we go.
11:16
Shout out the clown world of course, for posting this from
11:19
Bloomberg UK, the surge in gas prices isn't as painful as it
11:24
looks, that's right. Everything you're experiencing,
11:26
you're experiencing okay, they're just whatever it is.
11:29
You think that You're actually experiencing that's none of its
11:32
real. So, yeah, have fun.
11:33
Keep going on with your life. It's happening.
11:38
You didn't just say that we didn't just charge you that
11:40
everything's good anyways. It's insane.
11:45
Okay, okay. Here we go.
11:48
Of course, the Meltdown continues, the Meltdown
11:51
continues, and we have this great video.
11:52
This is a tweet from a Trier hottel.
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So here we go. Question is Bitcoin maximalism
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dead answer. This could be it.
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I'm not going to be Presumptuous to think I've killed it.
12:01
But man, this is God, this is gotta effing hurt.
12:06
Whoa, killer blow. What is he talking about?
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He's talking about a essentially, this was a podcast.
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I'm just looked I don't know what podcast from should coin
12:13
her podcast, okay. And there's what's his name?
12:17
Ryan s atoms on the upper left-hand side, he shills eith
12:23
all day long. I don't know who this dude is
12:26
and this is, this is Nick Carter.
12:28
So let's just take a quick listen, 30 seconds and we're
12:32
just gonna I guess we're going to admire, we're going to admire
12:36
What's happening here? Okay, just take a second here
12:39
and Bow Down. I don't need these people for
12:43
anything, right? They're not coming to me for
12:45
investment. These are not the founders that
12:47
I'm busting. He's a certainly not the people
12:49
that invest in my fund tell you that getting through, when Max
12:54
was going to die though, is it going?
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Is this Korea it. I'm not going to security.
12:59
I'm not gonna you know be like so presumptuous as to think that
13:05
I killed it but man this is got a fucking hurt.
13:08
You know, there's not that many defectors left, what?
13:14
Okay, anyways, so look obviously, obviously bitcoiners,
13:17
you know, Bitcoin has started answering back, but I think my
13:20
favorite response before we talk about this and we dive into the
13:23
the you know, the next part of the fail.
13:27
We got a response from fellow Bitcoin, ER and Bitcoin
13:30
maximalist John Carvalho Bitcoin error log on Twitter.
13:35
And this was great right here. He tweeted it.
13:39
Nick want to do an interview so we can take bets as to whether
13:42
you cry or rage quit by the end. But now that's a great reference
13:46
for those of us who saw the the interview from I believe it was
13:50
2018 or 2017 with with Roger ver.
13:53
Roger ver rage quit on the the stream and here was a response
13:56
from Alexander the hostler and yes John did say be cash one too
14:02
many times. And he made Roger quit.
14:05
So okay. I'm going to I'm going to move
14:08
this over to to Nico. I before it before I say
14:12
anything. What are your thoughts on what
14:15
is happening? I'm, I tweeted this today so I'm
14:19
gonna do it because its original thought and I'll pop it up for
14:22
you guys on screen and it's all capitalized.
14:24
So I have to scream it or if Bitcoin needed.
14:29
Any one person, it would defeat the purpose of Bitcoin.
14:36
Perfect. So yeah like he's talking as if
14:41
like he's all this all-important God and I only invest in
14:44
Founders and Bitcoin maximalist need me it would defeat the
14:50
entire person purpose if Bitcoin needed anyone.
14:54
So Bitcoin maximalist don't need you.
14:56
They don't need anybody that's the whole purpose of Bitcoin.
14:58
Right? And I think that what's gets
15:02
below a lot of these peoples like fingernails, like what
15:05
really? Drives them crazy is the fact
15:08
that Bitcoin levels the playing field.
15:10
So if you have point zero, zero one Bitcoin.
15:14
And if you have 10 Bitcoin, the Bitcoin Network, sees you the
15:18
same, right? And then that also applies to
15:21
people's mindsets, right? And also applies to the internet
15:24
any pleb, right? Could just go and call him out
15:27
on his bullshit and he had can make them go away, right?
15:33
So it's funny because I like Bitcoin but as soon as blog five
15:41
went to shit and that's a company that Nick Carter
15:44
invested in. Fuck these plebs when
15:47
everything's going good during the bull which is why we bring
15:50
this up. So so often on the show yeah
15:53
we're all friends Kumbaya but when the bear Market hits the
15:59
reality is situation hits the reality that you invested in
16:02
shit coin companies and what you're doing is You're excusing
16:06
yourself and when you invest in shit, coin companies, you're in
16:09
directly attacking Bitcoin, your incentives are not aligned with
16:14
Bitcoin. Your incentives are aligned with
16:17
shit coins, shit, coins, need to function, any to work.
16:21
They need to become successful in order for the shit coin
16:24
companies, you invested in to become successful also and this
16:29
whole thing where oh we I own. There's not enough Bitcoin
16:34
companies to invest Vest in, that's bullshit.
16:37
I know Matt and Marty have a fund Phil and I have invested in
16:41
a couple Bitcoin companies as well.
16:43
So this whole concept that, oh yeah, you need a like there's
16:49
no, there's not enough Bitcoin could that that's bullshit.
16:51
That's an excuse. You're, you're trying to chase
16:55
the short-term deal, the short-term profits.
16:58
You're not thinking long-term so shame on Nick Carter.
17:01
Shame on his fucking elitism. Thank God for Bitcoin because It
17:05
doesn't fly here and it's driving him.
17:07
Absolutely crazy. Max Keiser said, something
17:11
really smart when he came on the show about a year ago, he said
17:15
that Bitcoin exposes the egomaniacs and this is exactly
17:19
what Bitcoin is doing here. He really thinks his special no
17:24
one is special in Bitcoin. We're all the same, we're all
17:26
plebs. You either join the movement or
17:29
you don't it's really that simple.
17:31
And Nick Carter we appreciate what you've contributed.
17:35
Today, especially in fighting the Bitcoin climate flood.
17:39
But dude, that does not give you a pass here and your reaction
17:44
towards people calling you out. Really shows your true
17:48
character. Anyways, Daniel, what are your
17:50
thoughts brother? Exactly what I tweeted earlier
17:54
today it's either die. The hero or you live long enough
17:58
to see yourself become the villain and we've seen that in
18:02
Bitcoin over and over and over. And it's sad to watch very well
18:09
said and unfortunately it is true.
18:11
You know that that does the you know that that doesn't not
18:14
happening to a lot of people because eventually you get to a
18:17
tilt you know with power with maybe you get in a murdered with
18:21
your own success you know whatever it is and you know all
18:25
of a sudden you know when you go unchecked unfortunately usually
18:29
devolves into a form of megalomania which is you know
18:33
it's all about you and And unfortunately, like that's you
18:36
know, that that's what you can see here.
18:37
I mean, don't get me wrong, you know, I feel that, you know, he
18:40
could have just simply handled this gracefully.
18:42
I don't know, I don't know why, you know, he chose the route
18:46
that he chose I mean, obviously, you're muted.
18:51
It's obvious. Phil, it's obvious.
18:52
Why he chose it, dude? He he was riding High.
18:56
Okay. Then his investment started to
18:59
blow up his vestments, start to blow up, it makes his VC font
19:04
look very bad. It makes him look bad.
19:07
And the, and the bitcoiners were the first to call him out on
19:10
that shit. And he fucking snapped, that's
19:12
what happened, he snapped. And and then you said it, you
19:15
see it in the rhetoric that he was talking.
19:18
Oh, you guys don't get into. Private Equity, right?
19:22
So it's like a defense mechanism.
19:24
It's like he's he soothing himself right.
19:26
He's trying to make himself feel better because of the decisions
19:29
that he took with VC. Now, here's the thing, dude, an
19:33
investment is never 100% unless it's Bitcoin, of course.
19:36
So like if you're investing into a company that's there's no
19:39
guarantee that it's going to work out, right?
19:42
So I'm not criticizing that, okay?
19:46
But what I am criticizing though, is his reaction.
19:51
And the elitism. And of course, the do the
19:54
attacking Bitcoin maximalism Bitcoin maximalism and the
19:58
so-called toxicity that everyone criticizes the reality of the
20:02
reality of the situation. Is that, that is a necessary in
20:06
my, in my opinion, that is a necessary feature, right?
20:10
Because that right, this decentralized, immune system,
20:12
that is Bitcoin Twitter. It always catches the scammers,
20:17
always and the people that hate it.
20:19
The most are the Murmurs right. But it's never mentioned how
20:23
many people that saved right look how much he Cory's getting
20:28
recently for calling out scammers.
20:31
Right? So anyways, Phil, yeah, no II.
20:34
You know, I what I was going to say was was that this just made
20:38
him look alike, you know a lot worse and perception is reality.
20:41
So essentially all you know, like it's like, you know, he
20:44
made these comments about, you know, none of these people are
20:46
investing in my VCS. I don't, I don't think, you
20:49
know, you shouldn't just assume Zoom right?
20:51
You shouldn't just assume that because somebody is a troll on
20:54
Twitter. Like why would you make the
20:55
Assumption? As to what wealth they have?
20:57
I've known plenty of people in my life who don't look like they
21:00
have two pennies to rub together, okay?
21:02
And they probably have more wealth than the majority of
21:06
people. So this is this is complete
21:09
nonsense and it's exactly what you said it is total elitism and
21:14
it's really cringe to watch and that video.
21:18
I mean, look, you know, you're going to get support from like
21:21
Biggest scammers right now on the face of the earth, I mean,
21:24
literally etherium is the biggest Affinity scam Niko, was
21:29
it was, it's a 15 that that called it.
21:30
The the asshole from which all the shit coins come from
21:34
something like that. I don't know if it was him, I
21:36
could be misquoting. But somebody said that, you
21:39
know, and that was and I think it was him and it was absolutely
21:41
correct. Well you know what?
21:42
And it's definitely a great quote.
21:44
So yeah. Okay so that it is that's that's
21:47
an amazing quote. Anyways Phil what is it?
21:51
I was gonna say, do we have time for the next fail?
21:53
Absolutely. Okay, excellent got like 10
21:56
minutes. Ah, excellent excellent.
21:57
Okay, good good. Here we go.
21:59
Let's dive into this. This is going to be confusing
22:02
AF. Here we go.
22:02
Alright, moving on to some weirdness but not really
22:07
weirdness. I guess it's nothing's
22:08
unexpected anymore in Bitcoin right.
22:10
Everything just kind of mutates and shifts and apparently it
22:13
looks like it looks like KY caml.
22:18
It's getting a bit of a facelift or has gotten a bit of Facelift
22:21
Nico, you might appreciate this maybe dr.
22:23
Ron Paul. We might have to get him back on
22:24
to talk about this at some point.
22:25
Here we go, guys regulatory scrutiny.
22:28
Increasing as crypto becomes Financial stability risks all my
22:33
gosh. Nico who could have ever for
22:35
seen this coming, right? Let's be honest about talking
22:38
about talking about shit coins, right?
22:40
It's really Bitcoin and shit coins, okay?
22:43
And that's right, Financial stability, risks.
22:45
We knew that this was coming because you can't just keep
22:48
printing money Into Thin Air and everybody losing faith on.
22:50
On their money. You can't just keep doing that
22:53
without finding a scapegoat. So here we go.
22:56
It's been a sharp increase in regulations targeting the
22:58
Bitcoin and shit coin space with regulatory bodies mainly in
23:02
North America and Europe. Here we go.
23:05
Found a global reg, reg Tech regulatory technology firm Cube.
23:14
I've never heard of cube before. Hmm, interesting, let's just
23:20
take a pause. Over here.
23:21
What is regulatory technology or reg Tech typically regulatory
23:26
technology or reg tech provides the tools needed to facilitate
23:30
governance? Mitigate risk, ensure compliance
23:33
and deliver regulatory reporting while Financial Services firms
23:37
have leverage technology for regulatory purposes for some
23:40
time. Reg Tech terminology first
23:43
emerge at the end of 2016. Sounds like some made-up
23:46
bullshit. For some software, you're going
23:48
to sell Anyways, Moving On, Moving, On, Here We Go.
23:56
Cube said that there has been a 7436 percent, increase in
24:02
Bitcoin and shit, coin, related regulatory messaging in the
24:07
past. Four years, that's pretty spicy
24:10
compared to pre 2018, We've got to do something about this Nico.
24:16
The government said more words about regulation.
24:19
That's Daniel, we need to fix this.
24:22
There needs to be software that fixes this and we need to make
24:25
sure that we ensure compliance. Here we go, don't worry, these
24:28
guys are going to help the report acknowledged that the
24:31
Bitcoin should coin Market has already grown to become a
24:33
critical piece of the Global Financial system and that risks
24:37
from Bitcoin and shit coins, could spill over into the
24:41
traditional markets, very risque as the participation of
24:46
Investors increases for Bitcoin and shit coins.
24:49
Sore. So, to do the risks that market
24:52
volatility for Bitcoin and should coins, could have a
24:55
knock-on effect for the global economy, it is fast becoming a
25:00
financial stability risk. Okay.
25:04
Alright, so here we go. We're knocking on that door now.
25:08
Here we go. Bitcoins going to cause the end
25:10
of money. Among the issues that Cube finds
25:13
Regulators have missed, is the here we go.
25:16
Let's throw in some ESG sustainability aspect, the
25:20
Bitcoin is Jim quick. Okay.
25:22
So it's not just the financial instability.
25:24
Now we're going to sprinkle in some ESG into this.
25:26
Here we go. So, the argued that the failure
25:29
to address the environmental impact of Bitcoin should coins
25:32
will lead to an inevitable Clash of two Titans That Could set the
25:37
trajectory of the modern Financial world back
25:39
significantly. Guys, these are terrible things.
25:42
The world is coming to an end unless we give this company,
25:47
absolute power and let their software fix everything time is
25:51
running out before the volatility of Bitcoin and should
25:55
coin bleeds into the Global Financial stability.
25:57
Already. They may use stable coins as a
26:00
blueprint for new regulation to come undoubtedly International
26:03
bodies will work tirelessly to tie centralized regulation
26:07
together with a decentralized currency.
26:11
That might makes no sense that because last part makes
26:14
absolutely no sense whatsoever. None, none.
26:18
Okay, these literally, I just I read you an ad for a company
26:22
that is going to save. Save the world, save the world.
26:27
With ESG, and they're going to stop the Global Financial
26:31
stability by putting together. These reports that there's been
26:35
seven thousand percent increase about the words.
26:39
I I don't understand anything that these guys are doing, okay?
26:43
I don't understand anything. I don't understand how they fix
26:45
Financial stability, I don't understand how anybody is even
26:50
bringing these people in to listen to them just in white
26:55
paper. It sounds like one I check their
27:00
website, there's no shit going yet.
27:02
Yeah, that's the key word, right?
27:04
Regulatory token, Christine lagarde's all about that.
27:08
She's a, she's an advisor. Yeah, go ahead.
27:12
I just wanted to say so there's three things right?
27:14
They're bringing in financial regulation.
27:17
Okay. They also they are also making
27:21
sure that they're fixing ESG. Okay.
27:27
And they're also making sure that they're stopping.
27:32
I don't understand that they're making sure that the messages
27:35
are in check for financials, I don't get it.
27:37
I'm sorry dude, I went through it multiple times.
27:41
I couldn't figure out what they do, I just know that they're
27:43
helping the crypto World somehow II noticed.
27:47
They use that word you know, Financial stability.
27:51
That's a great. That's a buzz word that you
27:53
know, all these Central Bankers are using to.
27:56
But what Really mean, by Financial stability is financial
28:02
stability for their jobs. That's what they mean that
28:04
they're not really talking about the world, they're talking about
28:07
themselves and it's all projection, man, I would even
28:11
make the argument that, because the, the feds original stated
28:16
goal, was to calm down the volatility, right to control,
28:22
inflation to control unemployment, right?
28:26
I would make the argument At that, if the FED didn't exist,
28:29
the free market would have done a whole lot better than the fat.
28:33
Keep in mind guys that the Great Depression, the recession of
28:39
2008 and all the other ones, right?
28:41
But those are the ones that I'm most familiar with that all
28:44
happened under the fat, all of it, all of it.
28:48
The Fed was found in 1913 the Great Depression, right?
28:52
The the whole black Fred. The whole thinks what happened
28:55
like 1929, right? 2008.
28:58
What about that? What about this?
29:00
Lunacy that has just happened. Just now we're like the
29:03
beginning of it. I think will be, I think will
29:05
officially be in a recession. Not too long from now, right?
29:10
But we know that we've already been in one.
29:11
So what is they failed in their original mandate?
29:15
I would go, I would say that it's Central Banking that is a
29:19
danger to financial stability, Bitcoin is the cure.
29:22
So it goes to what I've always been saying when the central
29:26
banks Accused Bitcoin of something.
29:29
They're projecting what it is. They do themselves.
29:33
Anyways. Daniel, what are your thoughts
29:35
brother? Well, they're the government.
29:38
So if they have a failure they got to do it bigger and harder.
29:43
Yep. It's really the strangest thing
29:46
II, my as I dove into this, this regulatory Tech, okay.
29:51
Essentially what they're doing is, is that they're, they're
29:55
adding another layer on top of kyc Am L.
29:58
And for some reason, this company is being given some type
30:01
of a green light by the authorities to provide this
30:04
ridiculous nonsense service, which is already being provided
30:08
and failing to nicko's point. The glass-steagall ACT, which I
30:12
know some people are going to argue but the glass-steagall Act
30:14
was removed and the mortgage crisis in sued.
30:18
So whether or not it was the cause I'm not saying it was the
30:20
cause, but it was definitely like a game of Jenga.
30:23
You know, they took away a piece and everything could topple just
30:27
say it just saying, just saying it's true, the go-ahead.
30:31
Daniel was gonna say a feel like since we've gotten into this
30:34
fourth, turning type of world, we're living in now the Griff
30:38
that just Griff's, get bigger and broader it about everything.
30:43
Yep. There.
30:44
It's like they're trying to get their last piece of stuff before
30:47
it all falls apart. It's so obvious, do it.
30:50
And with the headline that you covered in the beginning, feel
30:52
like the gas, why? It's not that bad.
30:56
Remember that sweet from the House the infamous one year,
30:59
saving 16 cents on your barbecue, this year.
31:02
Why don't you guys tweet that again with the updated numbers
31:05
like? Yeah, it is.
31:07
It is total. Total clown world.
31:09
Where was this year's? Tweet Nico?
31:11
Oh, that's not gonna have it. So total clown world's opt out
31:15
by yourself some Bitcoin opt out of the clown world's?
31:18
Yeah. Anyways Phil it's time for the
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get 5% off crypto, cloaks.com. Alright guys, so I've been
31:51
telling you guys, I've been making the argument that we Are
31:58
entering the then they fight you stage right?
32:00
In fact, Phil and I have been making that argument for a
32:03
while. Now for about the last year,
32:05
Bitcoin has reached a size that it it no longer flies under the
32:11
radar, right? It's captured the attention of
32:16
these giant bureaucracies that you know.
32:20
I think they're I think they'll finally be revealed for what
32:23
they are. I think that governments that
32:26
are supposedly For the People by the people, I think Bitcoin
32:30
exposes all incentives and I think it's going to expose that
32:33
really a lot of these governments instead of being by
32:36
the people for the people there by the government for the
32:39
government, but you still need to fight.
32:44
And this is part of the fight, our friend David Zale, he's been
32:46
on the show part of the Bitcoin policy Institute.
32:50
We've been on top of this, a Bitcoin policy Institute is the
32:53
lobbying arm of the Bitcoin industry.
32:55
It's had major backers. And this is different than coin
32:59
Center even though I love Jerry Brito, I love his work.
33:03
Unfortunately, all incentives are not aligned because coin
33:06
Center represents the Bitcoin and should coin industry versus
33:10
the Bitcoin policy Institute that just represents the Bitcoin
33:15
industry. So this is a letter that came
33:17
out today or maybe it was yesterday a couple days ago.
33:21
Many ways the letter is as part as part of the president's
33:25
executive order that International A ministration
33:28
requested comments from the public on digital assets and
33:33
u.s. competitiveness. We were pleased to submit this
33:36
report. I'm not going to read you all of
33:38
it because it's very long, but I'm going to read you.
33:40
The part that I think matters and then we'll have a discussion
33:43
on it. So this part of the thing is
33:46
called policy. Considerations right throughout
33:49
its history. The United States has proven its
33:51
ability to adapt and rise. Rise to meet new challenges on
33:54
the world stage, Guided, by our constitutional principles of Of
33:57
individual, liberty, and justice, and buoyed, by our
34:02
strong economy, and the natural resources and human capital, at
34:05
our disposable, our disposal. As a result in times of
34:10
technical technological, change other nations around the world.
34:14
Look to the US for leadership and guidance on how to navigate
34:18
the novel and complex Global issues that inevitably arise as
34:22
a result of the proliferation of new technologies, Bitcoin and
34:25
the rise of borderless digital This is merely the latest
34:29
technological paradigm shift and Oculus to the widespread.
34:33
Adoption of the internet that possesses important policy
34:36
questions that will need to be answered by every state on the
34:39
planet. It is therefore imperative that
34:41
the United States approach. Any policy framework for Bitcoin
34:44
and digital assets with care and with an eye towards fostering,
34:49
the principles of freedom. And self-determination that we
34:53
seek to uphold. I think the last part is really
34:56
important. Fostering the principles of
34:59
freedom and self-determination that we seek to a pole.
35:03
Now here's the thing guys, here's the reality, right?
35:08
Bitcoin is a threat to the administrative States.
35:11
The the administrative State Bitcoin is a threat to the
35:14
bureaucracy, like, like Phil always points out Bitcoin
35:20
forces, governments to instead of extracting wealth, right?
35:27
At the point of a gun, what we believe and we talked a lot
35:31
about this on yesterday's episode with Mark moss and svet
35:33
ski is he's going to force governments to provide value.
35:38
Why do I say that? Because Bitcoin gives the power
35:41
to the individual. Not only to vote with their
35:45
wallet, but also their feet is very easy to take your wealth
35:48
with you when it comes to bitcoin, right?
35:51
So I'll of The attempt right by the Bitcoin policy Institute,
35:58
but what I believe. And perhaps this is a little
36:01
paranoid, but I think all bitcoiners are slightly
36:04
paranoid. I believe that this is really
36:07
going to expose a lot of people in the federal government, In
36:16
their belief, in what should the role of government be in an
36:20
individual's life? I don't think they're going to
36:23
give over the power of controlling people through the
36:27
issuance of money and monetary policy lightly.
36:31
So I admire this type of letter but I'm also and I think it
36:37
serves the purpose of at least presenting our case.
36:41
But I am skeptical of what the actual result.
36:46
What the, what the benefits are, what the results of I think it's
36:50
necessary, but I also think that you're telling this to deaf
36:55
ears, you're telling it to people that are not incentivised
36:59
to Believe this letter to give up that power.
37:03
So to speak. We play.
37:05
We There is a, there's an image we showed you yesterday about
37:08
how the modern capitalist existen works.
37:11
It's really not a capitalist system, it's really crony
37:14
capitalism where the people at the top of the heart hierarchy,
37:18
and it doesn't move our politicians and bankers, right?
37:22
Politicians and bankers are threatened under bit.
37:25
Look at how they've reacted look at how the IMF has reacted.
37:29
Look at how all the Show Bankers around the world have reacted to
37:33
bitcoin. Look at how some politicians
37:36
have reacted to bitcoin. Like and this letter is directed
37:42
to him to them. They're not really incentivized
37:46
to understand it, so I guess it's useful in the sense that at
37:52
least we're putting it on the record.
37:54
We're at least attempting to start a dialogue.
37:57
But dude, Phil perhaps, I'm crazy.
38:00
Perhaps I'm a little paranoid, but I just don't believe these
38:05
people are willing to give up our man.
38:07
I just do not believe it. And at what I've after what I've
38:10
seen the last year, I'm more confident in that belief more
38:15
than ever, right? So yeah, Phil what are your
38:18
thought? First of all, though, that mean,
38:20
first of all, shout out to David's L, Bitcoin policy
38:22
Institute, you guys are freaking killing it.
38:25
Donate to them. Help us in the swamp of
38:28
Washington, d.c. David has a hell of a job in
38:30
front of him, but dude. I just, I do not believe these.
38:35
People are just willing to have dialogue in the first place.
38:39
That's my thoughts. Now beautiful.
38:42
You know what beautifully said and the the reality is, is that
38:45
their money printer hasn't broken like they like, why would
38:48
they, you know what I mean, why would they give this up?
38:51
What is the incentive? They they just continue to print
38:53
and people still value the money, right?
38:55
Like, you have a whole bunch of, like, you have a whole bunch of
38:58
people, right? That create all types of
39:00
material that glorify, and that Essentially create this
39:05
mysterious Allure about having as much of it as you can, even
39:09
if it's absolute garbage, and it's actually robbing us of our
39:12
wealth. So, while robbing us of our
39:14
time, which really is our wealth.
39:16
But anyways, going back to this whole thing.
39:19
Look, the government, they can't confiscate Bitcoin as we know,
39:25
they can't print it. So the only way to take it from
39:28
us is, is that through, you know, five dollar wrench attack
39:33
Some type of violence or which the government is not gonna be
39:36
able to do on an individual basis.
39:37
The other way is what, like we said, they have to provide some
39:41
type of value. The only way that we're willing
39:43
to separate ourselves from our Bitcoin is, if we believe that
39:47
we are getting value in that trade.
39:50
So if we don't get that, then we don't separate ourselves from
39:55
our Bitcoin. And and somebody may also argue
39:56
and say well you know we could get scammed right?
39:59
We could end up giving our Bitcoin for a service or A duct
40:03
from an entity that is acting as a government and and we may get
40:08
fooled. Certainly but guess what?
40:10
Unlike the money printer, where they can just continue to print
40:13
wealth, they would only have that happen once and then
40:16
they're not going to be able to do it again.
40:18
Not so I think that look the key to bitcoin is that it minimizes
40:23
this Behavior. I think that the more people I
40:27
think that this way of thinking, with the money printer is very,
40:31
it's old and I I think that what's going to happen is that
40:35
the more people grow up and realize the virtue of Bitcoin?
40:39
I think that, you know what, David's L right now has a, you
40:43
know, a big task ahead of him. But I think that over time it
40:48
gets easier, right? It's their Ice Cube that's
40:50
melting not ours. Absolutely.
40:53
I think Spence key has an amazing line, right?
40:55
Which is time is on our side? Yes.
40:58
Not on. There's Daniel.
41:01
What are your thoughts on? This is a surprise.
41:03
You. No don't, but I will say, I
41:07
think, overall, you're right. It, it will change any mind
41:11
change, the majority their minds, but it does plant a
41:14
little seed. So that maybe there's one or two
41:17
individuals in that position that at least gets them thinking
41:23
and maybe nothing Dramatical happened for a long time, but
41:26
it's might be the beginning of the process.
41:30
It's just just like everything that bitcoiners believe in being
41:35
10 years ago. There was a much smaller group
41:38
of people that believe those types of thoughts.
41:41
And it's grown a lot just in the last 10 years.
41:44
So it's a slow process. It just like you said, time is
41:49
on our side. Absolutely.
41:50
I agree with that. That's a really good point.
41:53
Yeah, it's a slow crawl. I think it's because we get
41:56
caught up because we covered every day, right?
42:00
You, you kind of, you know, you kind of lose sense of that.
42:02
But anyways, real quick, another piece of news.
42:07
It's signal guys, it's really not noise.
42:09
Usually I don't cover this type of stuff, but I started
42:12
connecting the dots because right now is one of the biggest
42:18
greatest opportunities to start mining Bitcoin based on what I
42:22
experienced in 2018. So I started making calls.
42:26
I stopped, I talked to the awesome Folks at Luxor pool.
42:29
Cool. We had you know we've had a
42:32
couple of them on the show Ethan and Gooseman and let's talk
42:37
about what the current state of Bitcoin mining is based on a
42:42
little bit of my research and based on, you know, a little bit
42:46
of the press releases as well. So this is a press release bike
42:50
or scientific or scientific. Is this huge data center Mining
42:56
Company? Absolutely massive.
43:00
Check out how many data centers, they own data, centers, owned
43:02
and operated, by the company. In Georgia, Kentucky, North
43:05
Carolina and North Dakota, and North Dakota.
43:08
The company. Now has multiple facilities
43:10
operating in Texas. Significant future development
43:14
is planned for Texas and Oklahoma, that's a lot and
43:18
Bitcoin mining is very expensive, especially when you
43:20
start doing it on a large scale, but here's the signal, guys,
43:24
this is the part. I want to pay attention to, I'm
43:25
going to connect this with my own research as well during the
43:29
month of June. The company, sold, 7,000, 202
43:35
Bitcoins, an average price of twenty, three thousand per
43:38
Bitcoin. The total proceeds are
43:41
approximately 167 million dollars as of June 30th 2022.
43:48
The company held 1959 Bitcoins and approximately 132 million in
43:55
cash on its balance sheet. Proceeds from Bitcoin sales and
43:59
June were primarily Use for payments for Asic servers
44:02
Capital investments in additional Center capacity and
44:06
here. Check this out guys this is the
44:07
signal scheduled repayment of debt.
44:12
The company will continue to sell self mined Bitcoins to Pate
44:16
operating expenses. Fund growth retired debt and
44:19
maintain liquidity. Now, I know what a lot of you
44:22
guys are thinking, is it normal for them to sell all that
44:25
Bitcoin? No, it is.
44:26
Absolutely. This is, this came kind of a
44:29
little bit of As a shock now they're still.
44:33
Okay, they're still in the green, the the the latest gen
44:36
Bitcoin miners. Let me pull it up so you guys
44:39
could have a visualization. Is that s19?
44:42
Well it means the XP but whatever works for this it's
44:46
still if you're getting a competitive electricity cost I
44:49
put here, just for example, steak five cents per kilowatt
44:52
hour. It's still making about nine
44:55
bucks a day, but it's not and I think this is a really good
44:59
chart. It's not as profitable as an
45:01
April. Where's making twenty six
45:03
dollars a day so they're still in the green these companies.
45:07
However, right. They're still operating with a
45:09
thirty to forty percent margin. However, they've seen what we've
45:14
noticed right? Is that a lot of these
45:16
companies? A lot of these big mining
45:17
operations have started to sell a six in mass to to beef up
45:24
their balance is so to speak. So it's not a problem right now
45:29
but Example, if the macro environment gets worse which I
45:34
suspect there's a big possibility of that.
45:38
I think a lot of these companies might be in problems so not only
45:43
do I think that right now we're currently witnessing is a fire
45:46
sale of a 6 there. 70% off, from all-time Highs.
45:51
But what I suspect we might see right in the next six months.
45:56
Specifically, If the Fed remains hawkish Is that not only are we
46:02
going to see a fire sale in a six?
46:05
But we might see a fire cell and distressed mining operations as
46:09
well as remember a lot of these operations they took on debt to
46:14
fund themselves, right? So not only do they have to pay
46:18
for the operating cost right? Like electricity expenses
46:21
maintenance, all that good stuff but also they have to pay
46:25
interest on their debts as well, right?
46:27
So very interesting. Feel very interesting, but to be
46:31
to be frank though. I thought it was a lot worse
46:36
than I originally imagined, and then I talked to the awesome
46:40
people at luxure and they told me it was a different situation,
46:44
it wasn't there, so profitable, a lot of these operations,
46:47
right? And then I connected the dots
46:49
with, you know, the the, you know, the mining.
46:53
The mining data based on that website, and then you started to
46:57
see the picture yourself, but yeah.
47:00
And that has a lot of Bitcoin that they had to sell my brother
47:04
as a lot of Bitcoin. You know question, oh yeah, go
47:08
ahead. We know the Bitcoin reward is on
47:13
a four-year cycle. And you know that price crashes
47:19
about two years in after the previous having, I would think
47:23
that be part of their business model and planning.
47:27
So it's funny. You say that because so I
47:30
actually prepared this time and I was actually telling Phil back
47:34
in November and December, you guys can go back to those
47:36
episodes and say, hey man, this insanity is a reminding me a
47:41
whole lot of 2018. Why do I say that?
47:44
Because you had all these pictures On Twitter of these
47:47
people, home by any, right? This is exactly what have people
47:50
forget this exactly what happened in 2018.
47:53
So I think I told you feels like Phil.
47:57
There's gonna be a crash. I didn't know it was about the
48:00
price though, unfortunately, but I had a suspicion time, an idiot
48:04
right? I had a suspicion that a lot of
48:07
these, a six in the prices that they were going for, we're
48:10
completely overvalued. We had a six selling for the s19
48:13
was selling for like a eleven thousand dollars.
48:15
There is absolutely no doubt right now, it's worth 3,500 at
48:19
3900, right? So dude, that's like a 60%
48:23
haircut, right? Still sounds expensive.
48:25
But yeah, 67% haircut. So yeah, but it's I don't know
48:32
why they didn't notice but I could have Daniel, you know,
48:34
what why did it to Celsius, guys?
48:37
Noticed, why didn't block by notice, right?
48:39
And those company, he had pump showing off saying block phi's
48:43
making $50 50 million dollars a month.
48:45
Just got acquired right? Like for significantly less
48:48
their valuation got cut in half, right?
48:51
I think only a 5 billion valuation.
48:53
Went down to 250 million. There was a rumor that it was
48:57
for 25 million at what point. Like dude, I think that it
49:00
caught a lot of people by surprise like it always does
49:05
which is surprising, which is really surprising Phil.
49:09
Yeah, no. It's really, I mean, look, it's
49:11
too bad. It definitely is.
49:13
But at the same time, these types of situations, Ian's
49:15
create opportunities. Look at the end of the day when
49:21
it comes to when it comes to the mining.
49:23
I really, I really don't know that much.
49:25
So this is actually the first cycle I've gone through having
49:28
much more knowledge about mining thanks to you Niko.
49:30
So I didn't, I never even really thought of this aspect and to
49:35
see that, you know, to see that that much Bitcoin was sold at
49:38
23k. I know that, I know that the
49:42
people that you spoke with may have said, like yeah, you know,
49:45
these operations. Still profitable.
49:47
But the thing is this, right? The macro picture and this is
49:50
you know we call them Black Swan events and stuff like that to be
49:53
yes the mice, the machines are still profitable so what their
49:57
remaining, they're still very profit.
49:59
Oh okay, okay, so I'll check the operation right and then the
50:03
debtor the the creditors or whatever the people that they
50:06
owe the debt to they're looking all those miners are still
50:10
profitable, right? Which means that you could still
50:12
pay me, right? So that's what I'm gonna gotcha,
50:15
right? Okay, gotcha.
50:16
And then again like I didn't just get the single data point
50:19
from the Luxor, guys. I also kind of connected the
50:21
dots based on my own research and it, it was basically telling
50:25
me the same message as well. Okay.
50:27
So anyways, that's a whole lot of Bitcoin.
50:30
Like you said, crap, David's L just message me.
50:34
I asked him what his thoughts were on the, on the previous
50:38
thing and here's his quote. Shout out David, he says the US
50:44
government needs to And that, while the majority of cryptos
50:48
are pump-and-dump, ponzi's and pipe dreams.
50:51
Profound Innovation, is taking place namely with Bitcoin and
50:55
it's lightning Network. And this relates to the first
50:57
piece of news. Thank you.
50:58
David for getting back to me, that's his quote.
51:01
But, anyways, Phil, it's time for the daily meme review
51:05
brought to you, by Citadel 21. It's the best Bitcoin cultural
51:07
Xena stories articles Comics by actual bitcoiners.
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Every volume has different artwork.
51:12
Does the artwork for volume tennis the one that show up
51:15
first because his Lincoln is gorgeous.
51:16
This is artwork for volume. 11 volumes.
51:18
Sweat of just dropped is being shipped to my house will be able
51:21
to show that off and then start work for volume 2.
51:23
Volume 2 is almost sold out. Why is it almost sold out
51:27
because there's only a thousand physical copies made per volume.
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So get your prints of sedale 21 today before they run out.
51:33
All right, everybody, Welcome to the Daily Bitcoin meme review.
51:37
We're review Bitcoin, memes, memes, play an essential role.
51:40
Not only in Bitcoin culture, but in this narrative trench warfare
51:44
that were fighting every day. A hand two hands on the
51:47
Battlegrounds of the internet against governments and central
51:50
banks. Anyways, first meme by j4 y 3
51:54
held. The government will defeat
51:55
bitcoiners fill this makes absolutely no sense.
51:59
What is what is that mean? Free sense.
52:02
I don't understand. So if you hop in the van, right,
52:05
they kidnap you. Yeah, that's how they get you
52:08
with three sad. I get it.
52:10
I get it. All right, next one.
52:12
Bye Ross. Mus at this is like a quote.
52:15
Oh this is quoting someone, I guess someone important he's
52:18
wearing like the old, you know back in the day clothing.
52:21
So anyone wants to live at the expense of the state.
52:25
They forget know everyone wants to live at the expense of the
52:28
state. They forget that the state lives
52:30
at the expense of everyone else. Federic bastia!
52:33
Oh that's what you were referring to referencing.
52:36
Yes, yes! There you go.
52:38
Okay, bastia, okay, I need a I need a read some of the stuff.
52:41
Anyways, next one, bye. Greg zag.
52:44
This is his secondary account. He wanted to know, let everyone
52:47
know Dan. These morons might actually have
52:49
a point. Hey John, why do we pay taxes if
52:52
they can't? If it could just print as much
52:54
money as they want? Anyway, and it's an FBI agent,
52:57
an FBI agent. Would absolutely not think that
53:01
whatsoever. They've bought into that.
53:03
They drinking that Kool-Aid so hard.
53:06
Anyways moving on to the real sha-256 Bitcoin tweets or meme
53:12
who did this, and it's feeder shift as A dinosaur, to be
53:16
honest, the latest news about Peter shift and his bank, in
53:20
Puerto Rico, man. I feel bad for the guy.
53:23
I hope he has a happy ending there when the government is
53:26
going after anybody. It's I'm just not a fan of that,
53:29
right? Anyways, next one by Rasmus, 125
53:34
years ago, you didn't have to ask permission from side note,
53:39
Dude, if that is not a good advertisement for Bitcoin, Peter
53:44
Schiff, I don't know what to tell you, but I do hope things
53:48
work out for you with your legacy system.
53:51
Fiat thing, okay, it's in Bitcoin.
53:54
That can't happen just saying, all right, moving on, 125 years
53:59
ago, you didn't have to ask permission from the government.
54:02
Collect rainwater, go fishing, own property.
54:04
Start a business, renovate. Your home.
54:05
Build a home. Use the transportation vehicle.
54:08
Get married hunt own a weapon. Here, sell a product, protests
54:11
grow food on your property, set up a lemonade stand, sell food.
54:15
You can do virtually nothing without being extorted by the
54:18
government. Obtaining their permission
54:19
first. If you still think you're free,
54:21
you're deluding yourself. You live in a tax form as free
54:24
range humans, okay, we've been talking a lot about tax stuff.
54:28
Alright, pay your taxes everybody.
54:30
Okay, color within the lines. So but yeah, look, let's
54:35
actually have a discussion about all these things though.
54:39
It's absolutely true. And the you're right and it's of
54:43
self-fulfilling bureaucracy. It's not like the government
54:45
actually cares about licensing, all these things, right?
54:49
Maybe you can make the argument that, you know, using a car with
54:53
a good idea, license, right? But collecting rainwater, like
54:57
they license that they regulate that because regulation creates
55:01
more bureaucratic jobs, right? So it kind of becomes a
55:04
self-fulfilling prophecy. Now, there's this other aspect
55:07
where if they license These things that's an Outsourcing of
55:12
responsibility to the bureaucracy.
55:14
Once you Outsource responsibility, become weaker as
55:17
a human being, right? So it begs the question, right?
55:21
If the government gets bigger, and bigger, wouldn't that create
55:24
weaker human beings? Because they don't even have to
55:26
think for themselves. They just really just rely on
55:29
the bureaucracy to take care of all their problems, right?
55:31
So it's twofold. Right.
55:33
Should be really allow a country a government to regulate
55:37
collecting Rainwater. And the other aspect of it is,
55:42
if there's just this giant bureaucracy, controlling
55:44
everything you do, you don't really have to think you just
55:47
become a cog in a wheel. Anyways, just some thoughts but
55:51
color within the lines guys. All right.
55:52
Next one by she Ona, it's a criminal and he's pointing
55:58
someone at gunpoint. Give me your cash.
56:00
I just reported you using my new Solana mobile phone, but and
56:05
then the criminal feels that he said he had some big boys.
56:09
You need this more than me, hahaha.
56:13
Oh man, awesome, awesome, awesome scores.
56:15
And for that, I'm going to give it the new cold card and K4.
56:22
It's pretty. And it feels for it feels as
56:26
pretty as it looks. All right.
56:28
It feels as pretty as it looks. And of course, I score my seed
56:32
and metal on a Cipher wheel. Anyways, Phil course, very nice,
56:38
very nice. Nice.
56:39
Okay. I am giving those awesome memes
56:43
this. Awesome 1.21 gigawatts.
56:50
It's a velcro patch. It Sadako brush very nice.
56:53
Right? That's very nice.
56:54
But it's in mint and you'll never use it.
56:56
No, no, it's in the, I use this one that's not meant.
56:59
Oh, it's not, yeah, this is what I've used.
57:01
Yeah, had it for 20 years, though.
57:03
Interesting, okay. Daniel, what will you do?
57:07
I give it a metal train pencil sharp.
57:11
Wow. Nice.
57:14
Wow, that's very, very deep into the train.
57:16
Car stores, the shavings. That's right.
57:20
That is we just we just aged ourselves, Right?
57:24
Alright guys, we want to know if you agree or disagree.
57:27
Let us know down in the comment section.
57:29
Make sure to subscribe to us on alternative video platforms,
57:33
like Rumble.com. Personal favorite Bitcoin
57:35
tv.com. Join our telegram group.
57:37
It's a party, and they're joined right now, or telegram group.
57:40
The link is down below. You could link us some memes and
57:43
we could review them on the mean review.
57:45
There's a lot of plebs in there talking crap.
57:46
It's a good time. Join our telegram group and Of
57:50
course if you're listening to the Twitter spaces audio version
57:53
of this episode, make sure to stay until after the show.
57:58
So because we're going to do a live hangout.
57:59
Q&A is fatzke Mark Moss? Came to the one today it was it
58:03
was really cool but anyways pill it's time for it.
58:07
No it's not time for anything. There was an open source
58:08
software released today wanting to everybody about it software
58:11
releases, brought to you by Cipher safe.
58:15
Check them out. Cipher safe dot IO, I can
58:18
confidently. Say nobody Storing their seed
58:21
here in paper, everybody is storing their seed in steel,
58:25
using the Cipher wheel, or the all new Cipher grid, they both
58:29
come with a tamper-resistant wire.
58:31
Oh and the grid comes with a punch tool.
58:34
And you know what actually Daniel since we have Daniel here
58:38
Daniel here there's some new stuff coming out from Cipher
58:41
safe. What do you got for us?
58:42
Yeah, we're moving into physical Bitcoin art specifically metal
58:47
and working on our first product right now.
58:49
It's I'm going to be a reuleaux triangle with a Bitcoin logo and
58:53
other artwork attached to it, so we're pretty excited about it.
58:57
All very exciting exciting to see this out.
59:00
Okay. Very cool.
59:02
All right, we've got Samurai wallet version, 0.99, dot 980.
59:07
That was released its Down Below in the show notes, guys, don't
59:11
forget to check us out on our Audio Only platforms.
59:15
We are on Apple, podcasts, Spotify and anchor.
59:20
Don't forget to check us out on Fountain dot f m--.
59:22
You could stream assets through Breeze.
59:24
Awesome. Thank you Phil.
59:25
All right guys, that was our show before we go.
59:29
I want to give a very special shout-out to the Legendary
59:33
Pirate. Beach Bum.
59:34
Check out Simply Bitcoin, unfiltered
59:37
www.simpleandsensational.com cure pleb signal.
59:42
If it's your first time in a bear Market, definitely want to
59:44
check it out. Simply Bitcoin will help you
59:46
through the process. Also want to give a very special
59:49
shout-out to our clothing. And sponsor represent LTD.com
59:52
Phil and I wear the hoodies every single day.
59:54
Not only are they stylish? They're also very comfortable.
59:57
He's coming out with more Bitcoin merge and simply Bitcoin
1:00:01
merch dropping soon. Definitely not going to want to
1:00:04
miss it. Also want to give a very special
1:00:07
shout out to a friend of the show and Legend you can go get
1:00:10
my follow at Cipher safe shoutout to Daniel.
1:00:14
Shout out to make Archie who is the genius behind the Cipher
1:00:19
wheel? Definitely want to check.
1:00:20
Out Cipher safe dot IO, guys. That was our show.
1:00:22
You enjoyed the show you what's this man?
1:00:25
First, you want to continue here in the Bitcoin.
1:00:26
Use from the Polly Platt perspective in the catastrophic
1:00:28
fails and the memes. Definitely