Latest / Simply Bitcoin / One Step Closer to Banning Bitcoin Self-Custody | EP 862

Transcript

One Step Closer to Banning Bitcoin Self-Custody | EP 862 · Simply Bitcoin

• 0:07
  It's all going to zero against Bitcoin.
• 0:10
  It's going up forever. You're against Bitcoin.
• 0:20
  You're against freedom. Yeah, welcome to Simply Bitcoin
• 0:25
  Live. We are your number one source
• 0:26
  for the peaceful Bitcoin revolution.
• 0:28
  With cover breaking news, culture, Matic Warfare, we will
• 0:30
  be your guide through the separation of money and state.
• 0:33
  Make no mistake, that's exactly what we are living through these
• 0:37
  days. Pretty, pretty crazy news.
• 0:41
  Gemini officially announced that they're going to block Bitcoin
• 0:46
  transfers to and from non approved exchanges.
• 0:51
  This is huge news and of course they're following the
• 0:54
  recommendations by the FATF, the FATF, the so-called travel rule.
• 1:02
  This is something that we've been covering for couple years
• 1:05
  now because they've been trying to roll it out for a couple of
• 1:08
  years and we've been making the case for a couple of years that
• 1:11
  they were going to use these regulations in order to clamp
• 1:14
  down on people's ability to take self custody of their Bitcoin.
• 1:20
  They're going after the escape valve, essentially Elizabeth
• 1:25
  Warren last week. Because again, if you see the
• 1:27
  news by itself without connecting the dots, it's a big
• 1:30
  nothing burger. But if you connect it to the
• 1:33
  other news, then it starts to paint a bigger picture.
• 1:37
  Elizabeth Warren was on record testifying in the Banking Senate
• 1:42
  Committee. She literally said the quiet
• 1:44
  part out loud. She said that.
• 1:47
  Crypto users were using even more sophisticated methods of
• 1:52
  circumventing sanctions by using technology such as self custody.
• 1:57
  And I'm paraphrasing, but that's essentially what she's saying
• 2:00
  and she's criminalizing it. She's criminalizing this idea
• 2:05
  that if the government doesn't have the ability to freeze your
• 2:08
  money at the flick of a switch, it's a danger to society
• 2:13
  somehow, right? The reason that they were able
• 2:17
  to confiscate Americans gold in the 1930s, the infamous 6102
• 2:22
  order, was because of the centralization of gold, right?
• 2:27
  If you had a large amount of gold, more than likely you
• 2:29
  custody it in a bank. But what happens when millions
• 2:33
  upon millions of individuals are taking self custody of their
• 2:37
  wealth? It becomes a lot harder for the
• 2:40
  government to confiscate on a massive scale, right?
• 2:44
  And I think that is what this fundamentally comes down to.
• 2:48
  I think they're using money laundering as a straw man.
• 2:50
  I think they're using terrorism as a straw man.
• 2:52
  I think they're using drugs as a straw man.
• 2:56
  But in reality, what they truly want is they want to take away
• 3:01
  the escape valve. While they continue with the
• 3:04
  reckless monetary policy that is impoverishing everybody,
• 3:09
  specifically if you're under the age of 35, their own Fiat
• 3:13
  propaganda is literally telling you you will own nothing and be
• 3:17
  happy. They don't want you having an
• 3:19
  escape valve. It's it's as pure and simple as
• 3:22
  that. And if you don't believe me,
• 3:24
  look at their reaction to make El Salvador making Bitcoin legal
• 3:29
  tender. Look at their reaction to the
• 3:32
  candidate, Javier Miley, which by the way, is up in the polls.
• 3:36
  Don't don't get your expectations up.
• 3:38
  But I did want to say that and his rhetoric about ending the
• 3:42
  central bank entirely. Or what about when the IMF
• 3:45
  offered Argentina a bailout package and part of the
• 3:49
  conditions of that bailout package was that the Argentinian
• 3:54
  government had to de incentivize the adoption?
• 3:58
  Of of Bitcoin and altcoins, right.
• 4:00
  So their own rhetoric in propaganda and information
• 4:05
  narrative trench warfare is telling you exactly how they
• 4:08
  feel about this thing that they're scared of this thing,
• 4:10
  they want to stop this thing. And we've always made the case,
• 4:13
  guys, that there's two attack vectors really.
• 4:16
  There's the attack vector on mining itself.
• 4:18
  I do not believe it will be successful because the
• 4:21
  incentives are too great, but I think the lower hanging fruit
• 4:25
  and the easier one. Because it's an information,
• 4:28
  it's an educational aspect. It's an an educational problem
• 4:32
  that we have to solve is self custody.
• 4:35
  Like people don't understand the significance and the benefit of
• 4:40
  taking their Bitcoin into self custody, yet they're so
• 4:42
  accustomed to living in the Fiat matrix, they've been outsourcing
• 4:46
  the this responsibility for the majority of their lives, the
• 4:50
  idea of taking. Custody of their wealth by
• 4:54
  writing down 12 words or 24 words is a major step for them.
• 4:59
  It's a big step, right. So what they're trying to do is
• 5:02
  they're trying to close, close the doors, right.
• 5:05
  And this is just another step of them doing just that.
• 5:08
  Right now it's just saying, oh, it's not approved exchanges.
• 5:12
  How long until they say non custodial wallets?
• 5:15
  No that that unhosted wallets? No, we can't have that.
• 5:18
  Because that's a danger, essentially.
• 5:20
  And and that isn't just us speculating anymore.
• 5:23
  That's what they're gonna do. Elizabeth Warren literally said
• 5:26
  it word for word last week. And of course we have the video
• 5:30
  to play for you guys to show you.
• 5:31
  We always want to show you guys the receipts.
• 5:33
  And of course, Marty Bent had this amazing take on TFTC dot O
• 5:38
  dot IO. I highly recommend checking out
• 5:40
  his newsletter. It's one of my favorite.
• 5:42
  Highly recommend it. So yeah, this is this is
• 5:45
  another. Example.
• 5:47
  This is another step in the separation of money and state.
• 5:50
  Did you expect them to just go gently into that good night and
• 5:53
  hand over the keys and say you guys have sound money and you
• 5:57
  guys are sovereign? Now we're just going to go away.
• 6:00
  No, of course you're going to put up a fight.
• 6:01
  Our weapon in this fight is not a kinetic weapon.
• 6:04
  It's not a it's not a weapon of violence.
• 6:06
  It isn't as a weapon of information and truth.
• 6:09
  All we have to do is shine the light of truth and say hey.
• 6:14
  Why are you forcing us via legal, legal tender laws to use
• 6:18
  the money that steals from us? Like what?
• 6:20
  What is going on here? Right.
• 6:22
  That's all we got to do. If enough people start asking
• 6:24
  that very, very simple but basic question, they're not going to
• 6:28
  have an answer for it. They're going to have a really
• 6:30
  hard time responding. So anyways, I want to bring up
• 6:33
  my legendary Co host, always optimistic, kind of has a smile
• 6:37
  on his face today. How you doing Opti?
• 6:39
  Sorry, I was trying to clean my glasses.
• 6:41
  I couldn't clean them. I'm doing great, man.
• 6:43
  Feel good this morning. Slept well.
• 6:45
  You know, I'm here with you guys every single day.
• 6:47
  I'm getting trolled in the chat. You know what, What more can I
• 6:49
  ask? What more can I ask?
• 6:50
  You know, this is life, Such is life.
• 6:52
  But yeah, crazy news we're seeing.
• 6:57
  I would say it's very unfortunate that we see these
• 6:59
  Bitcoin slash shit coin exchanges bending the knee and
• 7:04
  kind of trying to get favored with the regulatory system.
• 7:07
  And you know, I know there's laws out there and stuff but to
• 7:10
  do this preemptively it's it's just very sad in my opinion.
• 7:14
  You know, we we we want to I I don't mean to use we but you
• 7:18
  know I know bitcoin's still the Wild West in in all sense of the
• 7:24
  word. But I don't know if if
• 7:27
  preemptively bending the knee to these powers that be is the
• 7:33
  correct move. It it it just, it it really
• 7:35
  makes me feel like if you bend the knee to them there there's
• 7:40
  there's no getting out of it. And here we are.
• 7:42
  And of course there's going to be some awesome Bitcoin
• 7:46
  entrepreneurs that will fix this problem.
• 7:48
  But in the meantime, it is a very dangerous precedent in my
• 7:51
  opinion. And and if you really go down
• 7:53
  the rabbit hole and hopefully you're going to go down the
• 7:56
  rabbit hole with Marty, it's scary.
• 7:58
  It's absolutely scary what we're seeing.
• 7:59
  But hey, you know. Yeah, they they, they, they
• 8:01
  don't. They don't want you using.
• 8:03
  Funny that they can't to base or they can't comment.
• 8:05
  Whoever would have thought that was?
• 8:06
  It's as simple as that. Eventually they're gonna have to
• 8:09
  say the quiet part out loud, right?
• 8:11
  Anyways, before I bring up our guest, I wanna give a very
• 8:13
  special shout out to Ed, who took me out to lunch in LA.
• 8:17
  I'm wearing his merch. Wait, wait, wait, shouts out to
• 8:22
  our guest today because he was kind of trolling me in the
• 8:25
  intro. He's like, where's your college
• 8:26
  shirt today? And I'm like, I just, I'm just
• 8:28
  wearing like a nice shirt. Well, look, Nico's got the
• 8:31
  college shirt on today. He's a professional.
• 8:33
  I'm a professional. I'm a professional.
• 8:35
  Anyways, no more delay. I want to bring saw.
• 8:37
  How you doing man? Appreciate you joining us today.
• 8:40
  Awesome guys. Thanks for having me on.
• 8:43
  Opti, why don't you give a little bit of, I think, why
• 8:45
  don't you give this introduction today?
• 8:47
  It's, I think it's more fitting. It's a little more fitting.
• 8:49
  I'm gonna give it, Yeah, you give it okay.
• 8:51
  I'll handle the culture. But you introduce Sal.
• 8:54
  So Saul, I met him at the Pleb Party in Bitcoin Bitcoin 2023.
• 9:03
  And I he, he got my number and he texted me after, He's like,
• 9:07
  Nico, let me get you in shape. I got this, a crazy workout
• 9:11
  program and I'm like, OK And he's like I train other well
• 9:16
  known bitcoiners too. I don't know if I can mention
• 9:18
  them by name, but but I was like, yeah, so I think I was
• 9:23
  working with another trainer at the time and I think when I when
• 9:27
  I ended with that trainer, I hit up saw and I'm like, hey man,
• 9:30
  let's give this a go. Let's give this a shot.
• 9:33
  And you know it's it's easy when when your physical trainer is is
• 9:38
  also a bitcoiner, right. You have that common language
• 9:41
  and you can use words like proof of work and they don't look at
• 9:44
  you like a maniac. So yeah I'm really excited to to
• 9:48
  highlight what Saul does to use opti's quote right.
• 9:51
  This isn't just about, you know what is it?
• 9:54
  Fit, mind, fit body. Yeah man.
• 9:57
  Like what's the point of having the best money generation of
• 10:00
  wealth possible if you are sickly and you aren't able to
• 10:04
  usher in these sets correctly. I think this goes hand in hand
• 10:07
  is, is getting yourself as fit mentally and physically as
• 10:10
  possible so that we can usher in the best money in the world.
• 10:13
  Because you want to, as we always say, put your money where
• 10:16
  your mouth is. And we're holding this stuff
• 10:18
  long term, so you need to survive long term.
• 10:22
  It's so simple. 100% you need to you need to survive long term.
• 10:26
  That is, without a doubt, and Sal is your man.
• 10:31
  It's for you to get in shape, for you to for you to get fit.
• 10:33
  Anyways, everybody, no more delay.
• 10:35
  Let's jump straight into the numbers.
• 10:36
  We got a lot to talk about today.
• 10:37
  Let's check it out. The Bitcoin numbers.
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  At the time of recording, the Bitcoin price is 34,745 SAT's
• 12:05
  per dollar 2878 block height 815,732 block blocks to having
• 12:14
  24,600 sorry 268 having estimate April 20th, 2024 Total Lightning
• 12:21
  Network capacity 5294. Capacity value 184,000,000 U.S.
• 12:28
  dollars Realize monetary inflation 1.74% The market
• 12:33
  capitalization of Bitcoin Six hundred $678 billion with the B
• 12:41
  Bitcoin verse gold market cap 5.16% In the grand scheme of
• 12:46
  things, Bitcoin is still baby. Once Bitcoin reaches the market
• 12:50
  cap of gold, that would put it at a 576. $1000 per coin.
• 12:56
  So so that's a lot of Fiat bucks for your coin.
• 12:59
  Anyways, I think we're we're still in the first innings of
• 13:02
  all this. Anyways, I want to start off the
• 13:04
  show, set the tone with this infamous video by Senator
• 13:09
  Elizabeth Warren, the anti Bitcoin Senator, where she
• 13:12
  finally said the quiet part out loud.
• 13:14
  This was about a week ago or so. She finally admits it right?
• 13:18
  And there is a series of events. It's not as simple as just her
• 13:22
  admitting this. She used her media allies to
• 13:26
  release a hit piece on the Wall Street Journal, claiming that
• 13:30
  terrorists were using Bitcoin and shit coins to raise money
• 13:37
  for their activities. Later down the road, The Wall
• 13:40
  Street Journal retracted that statement.
• 13:42
  They offered a bunch of Corrections.
• 13:44
  But the damage was done. Elizabeth Warren used that
• 13:47
  article to write a letter to the White House to put pressure on
• 13:51
  the White House, and then the White House put pressure on the
• 13:54
  Treasury and then the Treasury. The specifically the FIN CEN
• 13:59
  proposed these crazy regulations, one of which would
• 14:03
  make it basically shamed upon to use single.
• 14:09
  Single use addresses by default. That's how Bitcoin wallets you
• 14:13
  that's how they work. This would also affect any
• 14:16
  company that's offering collaborative custody.
• 14:20
  Services, this would also affect the Lightning Network as well,
• 14:24
  right? So it's these broad allegations,
• 14:27
  these broad powers that were given to these companies, you
• 14:32
  know, because of this fake Wall Street Journal article, when she
• 14:35
  got absolutely hammered during the Senate Banking Committee,
• 14:39
  when all these experts and provided testimony basically
• 14:43
  saying, listen, that that article was just plain wrong.
• 14:47
  You're misrepresenting the data. The reality is that the vast
• 14:51
  majority of illicit finance is coming from the traditional
• 14:55
  financial system. It's not coming from Bitcoin,
• 14:58
  right? So anyways, I'm going to play
• 15:00
  you guys a clip. Last year you wrote that quote.
• 15:04
  In their attempt to avoid being traced, illegal actors have
• 15:08
  adopted ever more sophisticated cryptocurrency technologies such
• 15:13
  as non custodial wallets last year.
• 15:21
  You. Wrote that quote in their.
• 15:24
  Attempt to avoid the illegal actors have adopted so.
• 15:31
  Evermore. Anyways, I know, but I have it
• 15:37
  playing in the background somewhere.
• 15:39
  I have no idea. Anyways, you guys get the point,
• 15:43
  She basically claimed. Why am I hearing this?
• 15:51
  We're not hearing it. We're not hearing it, Nico.
• 15:55
  I have no idea where I'm hearing this.
• 15:56
  Anyways, Opti, I'm gonna go off screen for a second while I
• 15:59
  figure this out. All right, well, what?
• 16:02
  What's the point That Nico was getting to.
• 16:04
  There we go. There we go.
• 16:05
  There we go. I'm sorry, there are some
• 16:06
  technical issues in the in the background.
• 16:08
  You guys know the deal. This is live.
• 16:11
  We roll with the punches. Anyways, OK, so I'm gonna
• 16:14
  connect this with actually Opti, you sent me this this morning.
• 16:20
  So you have Elizabeth Warren basically making the claim that,
• 16:23
  hey, look, self custody. You know, they're using it as a
• 16:26
  sophisticated method for, you know, to circumvent it, like the
• 16:31
  language, right? It's very, very sinister.
• 16:33
  But it tells you exactly what they want to do.
• 16:36
  Here you have this, this article that was released by Coindesk.
• 16:40
  Coinbase ads four national security experts to its global
• 16:45
  Advisory Council, right. Very strange.
• 16:48
  Now here's the breaking news of today, Gemini UK to block
• 16:52
  Bitcoin transfers to and from non approved exchanges.
• 16:57
  It goes on to say the decision was made in response to new
• 17:00
  regulations which require virtual asset service providers
• 17:04
  like Gemini to share information about the sender and the
• 17:08
  receiver on both ends of a crypto transaction.
• 17:11
  Gemini has partnered with the Travel Rule Universal Solution
• 17:15
  Technology. To enable these changes which
• 17:18
  are designed to crack down on fraudulent activity in the
• 17:20
  industry, it goes on to say quote to ensure transparency of
• 17:24
  data from 717th November 2023, Gemini will only permit outbound
• 17:30
  transfers to other registered Trust VASP.
• 17:33
  Gemini will block any outbound transfers to any non trust VASP.
• 17:38
  You can view the full list of Registered Trust VASP here.
• 17:43
  Quote from 1st December 2023 Gemini may freeze or restrict
• 17:47
  users who are attempting to make inbound transfers to Gemini from
• 17:51
  a Don Trust VASP. This is due to these
• 17:53
  transactions potentially missing the required information to
• 17:56
  ensure transparency of the transaction.
• 17:59
  When depositing or withdrawing from your Gemini wallet to send
• 18:02
  crypto to another crypto address, we will need to request
• 18:05
  additional information from you, such as your name, the
• 18:09
  beneficiary of the funds, and in some cases your address goes on
• 18:13
  to, say, another exchange operating in the UK.
• 18:16
  Crypto.com provided A somewhat clear explanation of what to
• 18:20
  expect when depositing or withdrawing assets from the
• 18:22
  custodian. It goes on to say when you
• 18:25
  receive a crypto A crypto asset transfer from an external
• 18:29
  wallet, non custodial wallet, or cryptocurrency exchange,
• 18:32
  crypto.com requires you to declare the details of the
• 18:35
  originating party, including the name, the country of the
• 18:39
  originating party, the wallet type, name of originating
• 18:43
  crypto, asset, business. It goes on to say you may not be
• 18:47
  required to provide information for subsequent transfers if the
• 18:50
  information initially provided is still current and valid.
• 18:53
  Gemini also stated that from 17th November 2023, only
• 18:58
  external transfers of ERC 20 tokens, ETH and BTC will be
• 19:03
  supported on Gemini. So this is the slow walk, right?
• 19:08
  It it it? You have to understand that this
• 19:10
  doesn't just happen all at once, right?
• 19:14
  First, OK, now they're basically making you to report the name,
• 19:19
  the country of the originating party, the wallet type.
• 19:23
  Name of the originating crypto asset business.
• 19:26
  What they're trying to do is they're trying to make Bitcoin
• 19:31
  an extension of the current exclusionary financial system.
• 19:36
  The same financial system that based on where you're born in
• 19:42
  the the place or where you're born, it judges you and it says
• 19:45
  you can or you cannot have access to a bank account.
• 19:50
  It's an exclusionary system. And of course they say this
• 19:53
  under the guise of money laundering.
• 19:55
  They say this under the guise of terrorism.
• 19:57
  Right. But as was shown by Elizabeth
• 20:00
  Warren last week, she flat out lied.
• 20:03
  She misrepresented the numbers. And another thing that I want to
• 20:09
  mention about the Financial Action Task Force, which that's
• 20:12
  an unelected body that is not a body that is democratically
• 20:17
  elected by the people. That's that's a that's a body
• 20:19
  that's appointed. Anyways, Marty Bent's done an
• 20:22
  incredible job covering all of this and Marty says shame on
• 20:25
  Gemini for bending the knee on this.
• 20:28
  The governments of the world and the unelected officials who
• 20:30
  write their regulatory guidelines are morally bankrupt
• 20:34
  and do considerably more harm than good throughout the world.
• 20:38
  We're the people with backbones and I just want to mention guys
• 20:42
  that there's going to be put, there's going to be pressure put
• 20:45
  on all exchanges and it's not the exchanges's fault.
• 20:49
  They have to either follow those guidelines or they will be put
• 20:53
  out of business. The way that you stop this is
• 20:57
  you have to stop it before it gets implemented because if it
• 21:01
  gets implemented, you do not have a choice.
• 21:04
  At that point, either they comply or they can't do business
• 21:09
  in the UK. And at the end of the day they
• 21:11
  are a business. This is what it's all about.
• 21:15
  This was never going to be easy. Of course they're going to be
• 21:19
  happy with you having if you're able to buy Bitcoin, let's say
• 21:24
  you get happy, Oh, I'm able to buy Bitcoin, but I can't
• 21:26
  withdraw it to a non custodial or unhosted wallet, then what's
• 21:32
  the point? You're just buying Bitcoin and
• 21:35
  you're leaving it on on the exchange for them to do whatever
• 21:38
  the F they want with. That's the end goal here,
• 21:42
  Elizabeth Warren said the quiet part out loud.
• 21:44
  This is what they want at the end of the day.
• 21:47
  They want to close the escape valve completely.
• 21:51
  So you cannot take self custody of your money altogether.
• 21:55
  That is, make no mistake, that's what they want.
• 21:59
  And they're going to use all these sophisticated words and
• 22:03
  oh, it's the travel rule, It's for compliance, it's for your
• 22:07
  safety, it's for terrorism, it's for stopping crime, all of these
• 22:11
  things under the sun to justify the fact that you can't take
• 22:16
  self custody of your money. But if you actually look at the
• 22:20
  data, the data point paints a very, very different picture.
• 22:25
  The reality is that most crime is happening using the
• 22:30
  traditional financial system. Here is a tweet by sent the
• 22:33
  Bitcoin Senator, Senator Cynthia Lummis and it has a graphic for
• 22:37
  our audio listeners. It says crypto assets account
• 22:40
  for less than 1% of global illicit finance.
• 22:44
  Crypto assets account for .69% of the total illicit finance,
• 22:49
  which is 2.9 trillion. So here's the thing.
• 22:52
  In the traditional financial system, they have all those
• 22:55
  checks and all those controls and all those censorship
• 22:58
  measures, but the illicit finance happens regardless.
• 23:04
  So again, they're using the boogeyman.
• 23:07
  They're using the straw man in order to justify taking away
• 23:11
  more of your freedoms. That is what's happening here.
• 23:14
  And if you don't wake up and you don't say anything, you don't
• 23:18
  take agency and action as an individual, it will become
• 23:23
  incredibly difficult for you to live in certain jurisdictions.
• 23:28
  And I suspect it's the jurisdictions that most benefit
• 23:32
  from the money printing. So the United Kingdom, European
• 23:37
  Union, United States, they benefit from having that control
• 23:42
  on money that the monopoly on the issuance of money.
• 23:46
  So of course they're going to be the most aggressive.
• 23:49
  At least Elizabeth Warren is honest in the saying the quiet
• 23:52
  part out loud. Anyways, it goes on to say three
• 23:56
  years ago we started warning of the looming specter of
• 23:58
  burdensome regulations stemming from the Financial Action Task
• 24:02
  Force travel rule guidelines that are being widely adopted by
• 24:05
  financial regulators around the world.
• 24:07
  If the Financial Action Task Force, a super national
• 24:11
  regulatory guideline agency filled with unelected officials,
• 24:15
  gets its way, it will make the ability to comply with the
• 24:18
  guidelines they put forth so burdensome that virtual asset
• 24:22
  service providers will stop allowing their customers to send
• 24:25
  their Bitcoin to wallets that aren't controlled by other
• 24:28
  virtual asset service providers. That is the end goal here.
• 24:34
  That is the entire point. Make no mistake, they can't tell
• 24:42
  you bluntly this is what they want to do.
• 24:46
  So they have to find this like this regulatory, bureaucratic BS
• 24:52
  to be like, no, it's not that we don't allow it, it's that your
• 24:58
  unhosted wallet is it compliant. That's essentially why if it was
• 25:02
  compliant, then we would allow it.
• 25:06
  It goes on to say, as we've been saying for the last three years
• 25:09
  since the travel rule reared its head, the light nudging of
• 25:12
  regulatory compliance is slowly but surely degrading the privacy
• 25:16
  of users and creating a path for the incumbent exchanges to
• 25:20
  establish regulatory modes. What's particularly bad about
• 25:24
  travel rule compliance across the quote?
• 25:26
  Crypto exchange is that it is being driven by many of the
• 25:29
  exchange themselves via something called trust or a
• 25:33
  travel rule Universal solution technology.
• 25:36
  These exchanges have bent the knee and decided to bend over
• 25:39
  backwards for regulators, pushing invasive compliance
• 25:43
  measures that put end users in harm's way under the guise of
• 25:46
  preventing criminal activity. A very successful framing tactic
• 25:50
  for every government and regulator when they wish to
• 25:53
  trample on civil liberties. It has been made abundantly
• 25:57
  clear that KYC AM L regulations are wholly ineffective at
• 26:01
  stopping crime and very effective at adding ongoing
• 26:04
  costs to businesses and putting end users in harm's way by
• 26:07
  allowing their data to be collected and stored across many
• 26:11
  insecure databases controlled by the financial intermediaries
• 26:14
  they interact with. As many have said throughout the
• 26:17
  years, KYC and AML data collection is the illicit
• 26:21
  activity. These regulations have
• 26:23
  completely morphed into mechanisms that effectively
• 26:26
  assume each individual that interacts with a financial
• 26:29
  intermediary is guilty until otherwise proven innocent.
• 26:33
  They must completely dox themselves to interact with
• 26:35
  institutions. This tape, this type of data
• 26:38
  collection, is something that runs completely against the free
• 26:42
  and open nature of the Bitcoin protocol.
• 26:44
  Bitcoin was created as a response to the overreach of
• 26:47
  governments and central banks who are prone to abusing their
• 26:50
  ability to create money and determine who can and who cannot
• 26:54
  receive or send that money via their rails.
• 26:57
  It is a great shame to see that dozens of exchanges within the
• 27:00
  Bitcoin industry are not only fighting back against these
• 27:03
  insanely or alien data collection mandates from
• 27:06
  unelected officials, but are welcoming them with open arms
• 27:10
  and forming A coalition to be as compliant as possible to not
• 27:13
  upset the power drunken regulators.
• 27:16
  To make matters worse, they went and created a coalition using
• 27:20
  the acronym TRUST to create a nice palatable brand that caters
• 27:25
  to the lowest common denominator of human instinct.
• 27:28
  Truly disgusting. The industry needs some more.
• 27:31
  Backbone has become glaringly obvious to anyone with more than
• 27:35
  two brain cells that the governments and central banks of
• 27:38
  the world have gone completely off the rails in every way
• 27:41
  possible. They're printing more money than
• 27:44
  ever before. They are more in debt than ever
• 27:46
  before. They are more corrupt than ever
• 27:48
  before. They are more bloodthirsty than
• 27:51
  ever before. They're older and more out of
• 27:53
  touch than ever before. They are more disliked than ever
• 27:56
  before. They're more brazen than ever
• 27:58
  before, especially when it comes to looting the public for the
• 28:02
  benefit of a select few. This is what the peaceful
• 28:05
  Bitcoin revolution is all about. This is what this is what we are
• 28:09
  fighting against, right? And what they're doing is
• 28:12
  they're trying to get rid of the escape valve under the guise of,
• 28:17
  oh, it's compliance, right. So yes, you can say shame on
• 28:22
  Gemini. You could say shame on Coinbase.
• 28:25
  You can say shame on all these other exchanges.
• 28:27
  I agree with Marty in that sense because they went out of their
• 28:31
  way before they were even tapped or before they were even asked
• 28:35
  by governments to set this in place.
• 28:37
  I suspect it's to set up a Moat, but the reality is that look, at
• 28:42
  the end of the day, these exchanges are beholden to laws
• 28:46
  in their jurisdictions and they don't have a choice once those
• 28:50
  said regulations are put in place.
• 28:53
  If we don't hold the line and those said regulations are put
• 28:57
  in place, those exchanges don't have a choice, so they go out of
• 29:01
  business. So if you live in a specific
• 29:05
  jurisdiction here in the US or in the UK, make no mistake,
• 29:09
  they're going after your ability to take self custody.
• 29:14
  You you have your favorite exchange, right?
• 29:16
  You see what what they just said just now?
• 29:20
  If you don't say the name, the address of that person, why
• 29:25
  you're receiving it, they could just freeze it as soon as you
• 29:29
  deposit into the exchange. Let's say you want to sell some
• 29:31
  Bitcoin for God knows whatever reason, couple years down the
• 29:34
  road they just took away your ability to do so.
• 29:38
  Shit is getting real, like this is what they want.
• 29:42
  If they can have Bitcoin the way that they have gold, if they
• 29:46
  could have Bitcoin the way that they have the the rest of the
• 29:49
  financial system where everyone is custodying their wealth,
• 29:54
  their stocks, their gold, with a custodian of which is completely
• 29:58
  captured and regulated by the government.
• 30:00
  And let's say shit hits the fan. For whatever reason, they could
• 30:03
  just loot that said custodian. They're OK with it.
• 30:07
  They don't. They don't.
• 30:07
  They don't mind. But what's really changing here,
• 30:11
  The, the, the, the pivotal moment is the fact that now, for
• 30:15
  the first time in human history, you can store vast sums of
• 30:19
  wealth in your mind by memorizing 12 words.
• 30:24
  And that puts the fear of God in them.
• 30:27
  Which is why you have Elizabeth Warren saying what she's saying
• 30:31
  at the in the Senate Banking Committee.
• 30:34
  They're going after self custody.
• 30:36
  This is where it's at now. I guarantee you five years from
• 30:39
  now they're going to be saying, you know what, This, this, this
• 30:43
  is too much of A regulatory hassle, unfortunately.
• 30:47
  And it's not just Vasps, but you just can't take custody in an
• 30:53
  unhosted wallet. And they already set up the
• 30:56
  wording for it and everything because it's it's unhosted.
• 31:00
  We we just don't know what that's going to be used for.
• 31:03
  That's what they're gonna say next.
• 31:05
  And people are just gonna walk towards them and they're gonna
• 31:08
  say, you know what, that's OK that's fine.
• 31:11
  This is what they're doing. If you don't take agency in
• 31:15
  action and you don't get involved and you don't make your
• 31:17
  voice heard, they will get away with this.
• 31:20
  And in the UK, frankly speaking, I think they already got away
• 31:23
  with this. Anyways, this is, you know I
• 31:29
  thought that the Elizabeth Warren stuff last week was like
• 31:33
  hard, but like this is I I clearly we see the writing's on
• 31:38
  the wall. OCTI, we've been covering this
• 31:40
  for for at least a year or two, right.
• 31:43
  We we brought on a KYC and AML expert onto the show.
• 31:48
  This was like 2 years ago on Simply Bitcoin and he broke down
• 31:51
  the data of how ineffective KYC and AML is.
• 31:56
  Right, So what? Like what is the actual
• 31:59
  reasoning? Like what is the actual thought
• 32:02
  process behind these regulations?
• 32:04
  Well again, like I can't say for certain.
• 32:07
  Like I couldn't say for certain Elizabeth Warren wanted to go
• 32:09
  after self custody until last week.
• 32:11
  But I think it's obviously to protect their mode.
• 32:14
  They don't want an escape valve. It's as simple as that has
• 32:17
  nothing to do with money laundering, has nothing to do
• 32:19
  with crime. Elizabeth Warren proved that
• 32:22
  last week. That is undeniable at this
• 32:24
  point. It has to do with the fact that
• 32:27
  they can't control the money flows.
• 32:29
  That's what it has to do, bro. So anyways, I know it's it's
• 32:33
  this is I, you know in the top five most darkest simply Bitcoin
• 32:38
  episodes. Opti, I would the meme review
• 32:41
  better be fucking fired today 'cause this is definitely, this
• 32:45
  is definitely in the top three. Dude.
• 32:47
  This is some this is some hardcore shit.
• 32:49
  I'm not going to lie, this is this is pretty intense.
• 32:53
  Yeah, well, I mean, we've been talking about this on the show
• 32:55
  and for a long time. You know, KYC is the immoral
• 32:59
  act. And I and I know people are
• 33:01
  going to, you know, give a shit because of the fact that that
• 33:04
  SWAN is one of our sponsors. But we, we talk about this
• 33:07
  constantly. Like, if you want to be in
• 33:08
  business, there are laws that you have to follow.
• 33:11
  And first and foremost, the Orwellian doublespeak of this
• 33:16
  trust acronym is just like it's not lost on me, and it's just
• 33:21
  it's such. Politician bureaucratic speech
• 33:24
  like it. It's such, I don't know,
• 33:28
  gaslighting to basically try to snuggle up with the regulators
• 33:33
  and and build your own regulatory mode and you know the
• 33:36
  the suits out there are basically, you know, blocking
• 33:39
  the access to the lifeboats while the product that they are
• 33:42
  building is sinking it. It's just it's absolutely
• 33:44
  incredible that we're seeing this happen, but.
• 33:47
  Are we surprised? No.
• 33:48
  We've been saying this for a long time.
• 33:50
  This is why I've kind of been. I'm just a talking head out
• 33:53
  here. But I've been saying for a while
• 33:55
  that I think Bitcoin does need to have, or rather maybe
• 33:59
  exchanges does need to have one of these Uber moments where
• 34:02
  like, yeah, maybe it's quote UN quote illegal, but this is
• 34:05
  something people want. And then just route around what
• 34:08
  the politicians are even talking about.
• 34:09
  Because. You know, hey, sorry, yeah, your
• 34:12
  regulatory mode won't work here. Sorry.
• 34:15
  You know, there are quote UN quote businesses that might go
• 34:18
  out of business. But like, this is a product that
• 34:20
  people want. This is the advancement of our
• 34:22
  monetary system. And it's really what we've been
• 34:27
  saying on the show for a long time.
• 34:29
  The the boomers out there, the geriatrics are trying to put
• 34:32
  things on piece of paper and expect us to put that square peg
• 34:36
  into a round hole. And it's like, look, you're
• 34:38
  going to have to update. You're thinking your thought
• 34:40
  process to law to Bitcoin. They're not going to they're not
• 34:44
  going to and also of course I just wanna interject here to to
• 34:47
  to give Swan credit. They have done so.
• 34:49
  We've so Swan has done a cafe Bitcoin.
• 34:53
  We covered this topic entirely. We're gonna be doing a live
• 34:56
  stream on Friday. I'm gonna be hosting it with Jan
• 34:59
  Pritzker who's the Co founder of the company.
• 35:01
  We're gonna be covering this specific topic.
• 35:03
  So Swan is getting involved. This is.
• 35:06
  I suggest going to his tweet and check it out.
• 35:09
  Make your thoughts known. Go to this link.
• 35:13
  It takes you directly to the FinCEN website where you know
• 35:18
  this is the proposal. This is the special measure.
• 35:21
  Leave a comment, use ChatGPT color within the lines.
• 35:25
  Meme words don't work here. So like take it very very
• 35:29
  seriously. It takes you directly here and
• 35:32
  you can make your thoughts known that unfortunately guys during
• 35:36
  the transition period, this is it.
• 35:38
  Like like Fiat politics are just the reality.
• 35:42
  Unless we're all moving to all. I suspect like Max Keiser is
• 35:46
  just like he he like, he just maybe he just like has like a
• 35:51
  like a prophetic ball that he just sees into the future of
• 35:54
  what's coming. But you know, like if you want
• 35:58
  to stay in the US, you're going to have to deal with this
• 36:02
  bullshit. Like it's just the reality of
• 36:03
  it. Make your voice known.
• 36:05
  Take agency, take action. Memes are not enough here.
• 36:10
  Like it requires a little bit more, right?
• 36:13
  Because if they get away with passing this, like, man, man.
• 36:18
  Anyways, I want to get Sal's takes and then we'll move on to
• 36:22
  the news. You know the flood is coming.
• 36:27
  Self custody is your ark. Make sure you secure your
• 36:31
  Bitcoin and hang on for the ride.
• 36:33
  Maybe learn how to swim might help a little bit.
• 36:37
  Exactly. Self custody is the revolution.
• 36:40
  Absolutely, 100% agree. I mean, I like if if it tells
• 36:44
  you. Like if everything that I just
• 36:46
  went through doesn't show to you how terrified they are of you
• 36:50
  taking self custody of you writing down 12 fucking words.
• 36:54
  Like it tells you everything you need to know.
• 36:57
  Because they fundamentally understand on a deeper level
• 37:01
  that that completely changes the power dynamics of the game.
• 37:05
  And then all of a sudden, if you have millions upon millions of
• 37:08
  individuals taking self custody all around the world and they
• 37:12
  just can't seize it at the snap of a finger, they're gonna have
• 37:16
  some issues. They're gonna have some
• 37:18
  problems. Their standard operating
• 37:21
  procedure isn't gonna fly anymore anyways.
• 37:24
  They don't call this the 4th turning for no reason.
• 37:26
  I do want to give a shout out to our.
• 37:28
  Wait, wait, Nico, before you get to the sponsor, what's what's
• 37:31
  the the thing I always say you know they they want us to own
• 37:33
  nothing and be happy. So what are we going to do?
• 37:35
  We're going to own as much Bitcoin as possible and be even
• 37:38
  happier. So this is the point where if
• 37:40
  you have any Bitcoin anywhere other than in cold storage, what
• 37:43
  are you doing? Make sure you are securing your
• 37:46
  wealth anyways. Go on.
• 37:47
  Amen to that. All right, I want to give a
• 37:49
  shout out to the largest Bitcoin conference on PANET Earth,
• 37:52
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• 37:55
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  you access to two days of the conference.
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  You can use the promo code simply at a discount on the
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  already discounted tickets. Bitcoin 2024, You definitely,
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  definitely don't want to miss it.
• 38:36
  All right, everybody, let's get to the news.
• 38:40
  The Daily News I want to give a shout out to our sponsor,
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  Check out the passport link in the show notes below to learn
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  more. All right guys, I literally made
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  it super easy for you guys. You could scan the QR code on
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  your screen right now. It will take you directly to the
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  Foundation Devices website where you can get yourself a Passport
• 39:52
  hardware wallet. It's absolutely beautiful.
• 39:54
  They pay attention to detail. It's battery powered.
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  It's air gapped. It's completely open source.
• 39:59
  I highly, highly recommend it. Remember guys, not your keys,
• 40:03
  not your Bitcoin. And with everything going on, it
• 40:06
  should be incredibly apparent as to why you should take self
• 40:09
  custody of your Bitcoin. They don't want you doing it.
• 40:11
  They don't want you doing it for what reason, right?
• 40:14
  They're not even telling you the truth.
• 40:15
  As to why you shouldn't be doing it anyways, so in other news,
• 40:21
  this is the separation of money and state.
• 40:23
  After all, things are heating up.
• 40:25
  Ladies and gentlemen, we are definitely entering the Then
• 40:27
  they fight you stage right, whether it's the attack on
• 40:31
  Bitcoin mining, the attack on self custody, which is the one
• 40:34
  I'm most worried about to be honest with you.
• 40:36
  And then now, which I find this is comical, the Federal Reserve
• 40:42
  threatens to sue Bitcoin Magazine.
• 40:45
  I'm going to say that again. The Federal Reserve, the central
• 40:48
  Bank of the United States of America has threatened to sue
• 40:52
  Bitcoin Magazine. What were the reasons?
• 40:54
  Given the US Federal Reserve is threatening to sue Bitcoin
• 40:56
  Magazine alleging apparel that parodies Fed Now system is not
• 41:01
  protected speech but copyright infringement.
• 41:04
  So they trolled the F out of the Fed.
• 41:06
  Now they released merch trolling it.
• 41:09
  And guess what? The Federal Reserve wasn't taken
• 41:12
  lightly. To that they said you can't make
• 41:14
  fun of our CBDC. How dare you guys?
• 41:17
  Anyways, it goes on to say the US Federal Reserve is taking
• 41:20
  legal action against Bitcoin Magazine in an attempt to
• 41:23
  silence criticism of its recently launched Fed Now
• 41:26
  interbank clearing and settlement service.
• 41:29
  In a letter sent to the publication by the Federal
• 41:31
  Reserve Bank of Chicago, the Central Bank of the United
• 41:34
  States is claiming that Bitcoin Magazine merchandise that
• 41:38
  parodies its services are not protected speech, but rather an
• 41:42
  unauthorized infringement of its image and trademarks.
• 41:46
  The dispute centers around the use of the Fed Now service in
• 41:49
  image and trademark in a line of merchandise sold by Bitcoin
• 41:53
  Magazine that seeks to criticize the surveillance capabilities of
• 41:56
  the Fed Now system and how it threatens American Civil
• 42:00
  Liberties. The Federal Reserve alleges that
• 42:02
  the Bitcoin Magazine used the trademark without permission to
• 42:06
  mislead readers into believing a connection exists between the
• 42:10
  publication and the central bank.
• 42:12
  In response to the allegations, Bitcoin Magazine has penned an
• 42:16
  open letter to the Federal Reserve's and Services Deputy
• 42:19
  General Counsel. That is a really interesting
• 42:22
  name, Batus Murphy. Anyways, here's the letter
• 42:26
  written by Bitcoin Magazine. They absolutely slayed it.
• 42:28
  So shout out to our friends over at Bitcoin Magazine because they
• 42:32
  killed it here, says. On behalf of the entire team of
• 42:34
  Bitcoin Magazine, I wanted to take some time to thank you for
• 42:37
  your thorough, thoughtful inquiry.
• 42:39
  After having browsed our online store doing your Christmas
• 42:43
  shopping early, you love to see it.
• 42:45
  Let us know if we can send a box of merchandise to any of any of
• 42:49
  the 12 Federal Reserve Banks you might enjoy.
• 42:51
  Our content from the latest print Bitcoin Magazine, which
• 42:54
  discusses the damages your policies have done to our
• 42:57
  economy and our country. Please don't hesitate to with a
• 43:01
  list of of coveted items and we will be sure to send them.
• 43:06
  We want to do our part to quote stimulate the economy onto
• 43:10
  business. We'd like to inform you that
• 43:12
  receive your cease and desist request.
• 43:14
  We refuse to comply. We will not be intimidated by
• 43:17
  your efforts to silence criticism.
• 43:19
  As you may know, our publication and our readership are deeply
• 43:22
  troubled by the new Fed now interbanking communication
• 43:25
  system. We believe not only that it is
• 43:27
  possibly unconstitutional, but that it threatens the very
• 43:31
  freedoms that all liberty loving American citizens should hold
• 43:34
  dear. With that in mind, we believe it
• 43:36
  is well with within our First Amendment rights to size speech
• 43:39
  on the issue and to that end we will be defending our right to
• 43:42
  sell merchandise that makes buyers aware through fair use
• 43:46
  imagery our position that this system is a threat to civil
• 43:50
  liberties. I would like to make a few
• 43:52
  direct comments on quotes present in your letter in order
• 43:56
  to best articulate what I'm sure is to be considered a
• 43:59
  disappointing response. Quote The Federal Reserve has
• 44:02
  extensively used and promoted the Fed now mark and has built
• 44:06
  up substantial goodwill in this invaluable asset, financial
• 44:10
  institutions and consumer associate the Fed now mark with
• 44:13
  the Federal Reserve and its services.
• 44:15
  An interesting point. For starters, that goodwill has
• 44:18
  the Federal Reserve built up. Have you seen the state of the
• 44:21
  working class today? Perhaps you have already
• 44:24
  forgotten how Fed policy directly led to mismanaged bond
• 44:28
  portfolios in regional banks across the country such as
• 44:32
  Silicon Valley Bank, Signature, Silvergate or First Republic.
• 44:35
  Perhaps you have already forgotten about the historic
• 44:38
  inflation rates seen throughout the US since government imposed
• 44:41
  lockdowns all but forced the Treasury's hand to stimulate the
• 44:44
  economy to the tune of trillions of dollars.
• 44:48
  There is no goodwill, Mr. Murphy, and certainly not
• 44:51
  substantial goodwill either, right?
• 44:54
  So anyways, it goes on to say, shout out to Mark Goodwin and
• 44:59
  Editor, Editor in Chief at Bitcoin Magazine absolutely
• 45:03
  slayed in this response. But again, guys like I've been
• 45:06
  saying in the beginning of the show, our most potent weapon is
• 45:10
  the truth. Our most potent weapon is to
• 45:12
  highlight the hypocrisy, the lies and the misrepresentations
• 45:17
  because they don't have anything to stand on.
• 45:19
  They're hoping that the people that they're conveying these
• 45:22
  messages to trust us, we're the central bank, trust us.
• 45:27
  Self custody is somehow a threat to national security.
• 45:31
  They're hoping that people that are not informed are reading
• 45:35
  those messages. How do we combat that?
• 45:37
  We combat that by educating the masses.
• 45:40
  That's how we do it. And this isn't just simply
• 45:43
  Bitcoin's job. This falls down to really every
• 45:45
  bitcoiner. Take it upon yourself to educate
• 45:48
  your neighbor. Educate your family.
• 45:50
  Educate that uncle that for some reason hates Bitcoin.
• 45:54
  About the benefits of Bitcoin, the benefits of self custody,
• 45:57
  the benefits of sound money. It falls down to you.
• 46:01
  Ladies and gentlemen, we are hitting look, take the two
• 46:04
  things that we have covered today.
• 46:07
  It it wasn't just central bank suing Bitcoin Magazine for
• 46:11
  making fun of them, but it was also the fact that the UK has
• 46:16
  taken first step to banning Self City altogether.
• 46:20
  Not outright, but a de facto ban because it would basically say,
• 46:24
  listen, we're in exchange, we can't withdraw to a non
• 46:28
  authorized unhosted wallet. I guarantee you those are the
• 46:33
  words you're going to be using. And ladies and gentlemen, this
• 46:35
  isn't just happening in the United States, this is a
• 46:38
  worldwide phenomenon. Shout out to this website
• 46:41
  because they've done an incredible job highlighting all
• 46:44
  the central bank digital currency pilots and projects
• 46:48
  being pushed throughout the world.
• 46:50
  And make no mistake that these central bank digital currency
• 46:54
  projects are partly at least incentivized or inspired or
• 47:03
  motivated behind Bitcoins success.
• 47:07
  They do not want to lose the privilege of being able to
• 47:11
  create money for free. They don't want to lose their
• 47:14
  control over money. They don't want to lose their
• 47:17
  ability to censor people that they don't like their political
• 47:21
  opponents. So what do we do?
• 47:24
  We educate the masses, masses. We shine the light of truth on
• 47:29
  their bullshit. Because that's what it is.
• 47:31
  It's bullshit. Elizabeth Warren willingly and
• 47:35
  knowingly misrepresented data for a political end goal.
• 47:41
  She knew that it was BS. There is no way.
• 47:45
  And she's had it hell bent for for many, many months now.
• 47:50
  To attack self custody, to attack node operators, to attack
• 47:55
  Bitcoin miners. That's what she's been doing
• 47:58
  over the last couple of months. All she needed was a crisis.
• 48:02
  All she needed was a crisis. That's what she was waiting on
• 48:04
  the sidelines for. So don't let her get away with
• 48:07
  it because this is bullshit. Ladies and gentlemen, this is a
• 48:10
  separation of money and state. Like we we've been saying it in
• 48:13
  the beginning of the show. We were not kidding.
• 48:15
  It's one of those episodes, Opti.
• 48:16
  Holy shit, there's a dark one today, bro.
• 48:22
  Hey, well they cannot be light, light hearted, right?
• 48:25
  So it is what it is. But first and foremost shouts
• 48:29
  out to our boys Mark Goodwin and Joe Rogers.
• 48:34
  I literally called Joe last Friday when this came out and
• 48:38
  was congratulating him about this.
• 48:40
  It's like, oh, it's almost like we are over the target on this
• 48:43
  one. And some of the stuff he was
• 48:45
  telling me was it was absolutely hilarious in in.
• 48:49
  Rather in like hindsight of it, you know, they say that Bitcoin
• 48:52
  Magazine was trying to associate themselves with the Fed, now
• 48:58
  CBDC system. It was.
• 48:59
  It's rather the opposite. They were ridiculing it.
• 49:02
  People were saying out there that, you know, oh, this is just
• 49:05
  a marketing ploy, Joe Joe told me.
• 49:07
  They, like, literally didn't even sell ten of these T-shirts
• 49:10
  until this this news story came out.
• 49:13
  Go, go, stop what you're doing right now and buy those
• 49:16
  T-shirts. Go on the Bitcoin Magazine web
• 49:19
  website and buy those T-shirts right now.
• 49:21
  Do it. Do it.
• 49:22
  Stop what you're doing. Why?
• 49:24
  We need anti central bank digital currency merch.
• 49:28
  We need it. And you know, it's it's it's
• 49:31
  hilarious that the Federal Reserve doesn't understand the
• 49:36
  Barbra Streisand effect that they probably thought, you know,
• 49:39
  kind of connecting this with the with the Gemini News story.
• 49:44
  Shouts out to the Bitcoin mag team for literally just being
• 49:46
  like no, like go fuck yourself like this.
• 49:49
  This falls under the parody laws that you're you're not gonna
• 49:52
  just scare us and and bend and make us bend the knee.
• 49:55
  Whereas all the other exchanges are literally it's like the
• 49:57
  doge, but they don't. They don't have, they don't
• 49:59
  like. I know, I know, I know, I know
• 50:02
  where this is going. But once like thank God for the
• 50:05
  First Amendment. Thank God for the 4th Amendment.
• 50:08
  They don't even give a shit about the 4th amendment at this
• 50:10
  point. But at least there is some
• 50:11
  constitutional protections. But what I'm trying to say is
• 50:14
  like, look, an exchange will have their hands tied.
• 50:18
  As soon as something gets made into law, they will have no
• 50:21
  choice but to be put out of business.
• 50:23
  Right? So like it, it's like it's very
• 50:26
  easy to pass blame. But what I have, what I what I
• 50:31
  want to say is you have to be the first line of the fence
• 50:36
  here. How long does it take you for
• 50:38
  you to use ChatGPT say, look, I want to sound like a
• 50:43
  professional writer. Translate this into something
• 50:46
  that sounds good, right? How long does it take you for
• 50:49
  you to leave a comment there? That's what it takes.
• 50:52
  Like this is what it's all about.
• 50:54
  If you just look, put your head in the sand, there's a good
• 50:59
  shot. I don't know how successful
• 51:01
  they're going to be, but there's a good shot that they're going
• 51:04
  to make the lives of bitcoiners in the United States very, very
• 51:07
  difficult. Look, these laws are about to be
• 51:11
  implemented in the UK. That that is not like, that is
• 51:15
  not a walk in the park. It completely changes the whole
• 51:18
  idea of what Bitcoin is supposed to represent.
• 51:22
  And of course, they did this on purpose.
• 51:24
  This whole thing was on purpose. So anyways, that's my take on
• 51:28
  this. We are running a bit late, Sal.
• 51:30
  What's your take on this before we get to the culture?
• 51:35
  You guys you know. You preach the good word every
• 51:38
  day. It's government's coming after
• 51:40
  you. They are not happy with the
• 51:43
  power that us pledge are taking into our own hands and it's
• 51:48
  going to be a long hard Rd. You know, nothing's going to be
• 51:52
  easy about it, but we have the truth on our side, like you guys
• 51:56
  always say. And the truth will eventually
• 51:59
  went out 100%. The truth will run out.
• 52:01
  But we gotta, we gotta, we gotta fight that good fight.
• 52:04
  Color within the lines, you know.
• 52:05
  Make your voices heard. Take agency, Use the power of
• 52:08
  social media, Use the power of the Internet to speak out
• 52:12
  against this because it is a clear and present danger.
• 52:15
  It is. It is right in front of your
• 52:18
  eyes and you gotta you gotta do something about it.
• 52:21
  You gotta do something about it. Anyways, I want to give a shout
• 52:23
  out to our sponsor, Kaboom Racks.
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  Scan the QR code on your screen or go directly to the Kaboom
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  Racks link in the video description.
• 53:03
  All right, everybody, let's hit the culture.
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• 53:34
  Let's go. All right, guys.
• 53:36
  Well, you already know this is the culture where we feature our
• 53:39
  guest. And I also know that you guys
• 53:42
  really enjoy the rabbit hole story.
• 53:44
  So, Sal, I think we'll start there.
• 53:46
  How did you become a bitcoiner? And then we will connect the
• 53:50
  dots with why fitness and health is so.
• 53:52
  Important. Well, I guess I was kind of
• 53:56
  always a little predisposed to Bitcoin.
• 54:02
  Say in my 20s I had a little stint with gold.
• 54:05
  I wouldn't say I was a gold bug, really didn't know anything
• 54:09
  about economics or the whole gold book thing.
• 54:11
  Just I knew that gold was scarce and had been popular for a long
• 54:15
  time, so I was into it. But obviously Bitcoin is
• 54:19
  superior to gold, so I'm a bitcoiner now.
• 54:23
  Didn't really pay any attention to Bitcoin on a serious level
• 54:26
  till about December 20, January 21.
• 54:31
  The price was cut in half, NF, TS and Crypto was a huge buzz.
• 54:37
  And I figured, you know what, let me buy a little bit of
• 54:39
  Bitcoin and and see what this is about.
• 54:42
  And within a week I had a coin base account and 50 different
• 54:47
  shit coins that I was, you know, just trying to figure out and
• 54:51
  really combing through as many podcasts as I could, trying to
• 54:55
  absorb as much knowledge as possible and maybe like find the
• 54:58
  next big token. But really, it wasn't that long.
• 55:02
  I'd say maybe a month in where the only podcasts I was still
• 55:06
  really listening to were the Bitcoin podcasts.
• 55:09
  There was a depth to them that really wasn't there with
• 55:11
  anything else. And you know it it clicked right
• 55:15
  away. For me at least, I'd say about
• 55:19
  four weeks into buying my first crypto token, which actually
• 55:24
  bought Bitcoin first. That's it.
• 55:26
  I was orange peeled and you know, I came for the gains
• 55:30
  initially. Didn't know what the hell was
• 55:31
  going on, but I'm staying for the revolution, beautiful.
• 55:35
  It sounds so similar to so many of our stories.
• 55:39
  Absolutely incredible. All right, let's move into some
• 55:42
  fitness advice because I say it all the time, usually in Twitter
• 55:45
  Spaces or on the show. You know, fit body, fit mind,
• 55:47
  fit soul like you're soldiers. Soldiers are.
• 55:50
  Fit exactly. Get your soldiers and soldiers
• 55:52
  fighting, you know, condition. But I I kind of want to touch on
• 55:58
  what Nico was talking about in the beginning, about how you
• 56:00
  just, like, reached out to other bitcoiners and be like, yo, let
• 56:03
  me do a. Let me do some proof of work
• 56:05
  with you and then how that has worked for you, 'cause I I
• 56:08
  really do think that there's a negative wisdom in that little
• 56:11
  story right there. Yeah, so First off, shout out to
• 56:15
  the Orange Pill app. Through the app I met another
• 56:18
  Pleb who got me a ticket to the party where I met Nico, and that
• 56:22
  was the beginning of a fantastic Bitcoin 2023 in Miami.
• 56:26
  So everyone check out that app if you haven't yet.
• 56:29
  Lots of cool guys on there. Women as well.
• 56:33
  You know, as far as fitness goes and Bitcoin goes, I've been
• 56:37
  about 20 years or so in the industry.
• 56:41
  I've been through all the crazes, personal training,
• 56:43
  bodybuilding, CrossFit, TRX, blah blah blah.
• 56:46
  You know everything under the moon.
• 56:49
  And I've kind of refined what I'm interested in to really
• 56:53
  helping people through getting stronger and strength and
• 56:56
  conditioning without all the fluff and BS that's out there,
• 57:00
  which is really hard to comb through if if you're new into
• 57:03
  trying to better yourself in the fitness industry I have.
• 57:08
  Become a pretty big bitcoiner, I'd say, since my rabbit hole
• 57:14
  journey and what really blows my mind every day is, is the
• 57:20
  network of people, the network of companies and the passion
• 57:25
  that all the bitcoiners have, and I just really wanted to
• 57:29
  become as much of a part of the community as possible.
• 57:33
  I'm not a designer. I'm not a philosopher.
• 57:36
  You know what I am is I'm a good coach.
• 57:38
  So I just tried in my own way to get into the community and offer
• 57:44
  myself to all you guys out there.
• 57:47
  So I think the future of the world is Bitcoin and I'm just
• 57:52
  trying to carve my way into this small niche community that we
• 57:55
  have. Love it, love it.
• 57:57
  Yeah I I say it all the time. You know, just providing value
• 57:59
  to your fellow man is the best way and all.
• 58:01
  Every one of you guys out there has some particular skills that
• 58:04
  we can offer to other bitcoiners and stuff.
• 58:06
  Anyways, this is the point of the portion where I'm getting
• 58:09
  trolled in the chat by whining because he's like pay attention,
• 58:12
  opted to the fitness advice. So for everyone out there that
• 58:15
  is on the road to fitness, I don't know, could you sum could
• 58:19
  you sum this up for them? What would be like the basic
• 58:22
  basic advice that you would give to the audience?
• 58:26
  Time preference, You know. Don't try to go for short gains.
• 58:31
  Don't chase the shining you object that's on the cover of
• 58:35
  all the health and fitness magazines.
• 58:38
  Be patient, focus on yourself and be willing to put in the
• 58:42
  hard work. Nothing that's worth anything
• 58:45
  comes quickly. So that would probably be if I
• 58:49
  had one piece of advice, aside from programming and everything
• 58:52
  else, just understand that it's a journey to better yourself and
• 58:56
  it's a lifelong journey. Love it.
• 58:58
  Love it. Yeah.
• 58:59
  Actually, I'm gonna. I'm gonna throw myself under the
• 59:01
  bus here for a moment. I was telling you before the
• 59:03
  show, I was like, yeah man, I was cutting calories super hard
• 59:06
  for a while and it would just like incredibly, it just was
• 59:09
  rough. You know, I'm trying to lose a
• 59:11
  little like the last five pounds and you're literally point blank
• 59:14
  like that sounds like some shit coin Fiat thinking.
• 59:16
  So can you add to the wisdom of what you told me in the
• 59:20
  beginning of the show? All right, so usually when I
• 59:24
  have this conversation with people, which is fairly often,
• 59:27
  they don't really believe what I'm telling them.
• 59:30
  But. Kind of.
• 59:32
  The program that I've gone after is a program where I've been
• 59:36
  able to refine over the years where you're getting the most
• 59:39
  ROI for your time invested. So as crazy as this may sound,
• 59:44
  what I'm about to say is I have none of my clients doing more
• 59:50
  than 8 minutes of total work a week divided across two days.
• 59:55
  So. I have all my clients on a 2 day
• 59:58
  a week program. It's either Monday, Wednesday or
• 1:00:00
  Tuesday, Thursday. And my program has a couple of
• 1:00:03
  phases. We can get more into it if you
• 1:00:05
  like, but basically if you're doing the right thing and
• 1:00:09
  putting in the work, 8 minutes a week is really all you need of
• 1:00:12
  actual work under the bar to transform your body and be the
• 1:00:16
  best you possible. And I know that sounds pretty
• 1:00:19
  crazy with all. The Fiat mindset that's out
• 1:00:22
  there where you have to be in the gym five days a week and
• 1:00:25
  chest day and arm day and cardio and all this and yoga and
• 1:00:29
  stretching. But over my past two decades of
• 1:00:32
  working with many different demographics, I spent many years
• 1:00:35
  of offering barbell classes to senior citizens.
• 1:00:38
  If you were under 65 years old, I'd kick you out of the class
• 1:00:41
  and I'd probably put about 300 or so people between the ages of
• 1:00:46
  70 and 90 through my program twice a week.
• 1:00:49
  And I was able to refine it to the point where I'm a high
• 1:00:53
  school soccer coach as well. I have all my athletes on the
• 1:00:57
  program. I sent Nico a video of my son.
• 1:01:00
  I have two boys and they're also on the program.
• 1:01:03
  And if you lift the right way and program the right way, it
• 1:01:07
  really is as simple as just twice a week.
• 1:01:09
  Wow, So is this like a a Mike Mensger approach approach to
• 1:01:13
  this? You know, my program is a very
• 1:01:17
  simple 3 by 5 squat and press and 1 by 5 deadlift.
• 1:01:22
  These type of programs have been around for years and decades,
• 1:01:25
  you know, 5 by fives, 3 by fives, 5 through ones.
• 1:01:28
  None of that is new. You know, what I've done is I've
• 1:01:31
  just been able to refine the program to a two day a week.
• 1:01:34
  The thing is most of those strength training programs that
• 1:01:36
  are out there are aimed towards a particular demographic.
• 1:01:40
  You know, guys who want to be in the gym 3 hours a day and squat
• 1:01:43
  £1000 and the average Joe. That's just not what they're
• 1:01:45
  about, you know, So most people want to lift to live, not lift
• 1:01:52
  to live, you know, So I want everyone to really enjoy their
• 1:01:59
  lifestyle and do things that bring them meaning.
• 1:02:02
  Just strength is the foundation that's going to make everything
• 1:02:05
  else in their life better. It's going to improve, you know,
• 1:02:08
  their insulin sensitivity, their hormonal structure.
• 1:02:12
  It's going to improve whether they like hiking or swimming,
• 1:02:14
  whatever it is, having a good strength foundation is really
• 1:02:17
  the key to all of that. Love it.
• 1:02:20
  OK, we got a few questions in here and you kind of touched on
• 1:02:22
  it. So Matthew Jay says.
• 1:02:24
  Can you ask him his opinion on Wendler 531?
• 1:02:30
  You know, it's better than a lot of programs that are out there.
• 1:02:33
  Like I said, I'm not this innovative, crazy thinker that
• 1:02:39
  has invented a new way of living.
• 1:02:40
  If you want to run a 5 through 1 and and do that long term,
• 1:02:43
  that's fine. I think it's a good program.
• 1:02:46
  I think it's one of the better ones out there.
• 1:02:48
  You know, 531, you know, bill stars 5 by 5, starting string 3
• 1:02:54
  by 5. There's lots of really good
• 1:02:55
  programs out there and they're all really fighting for.
• 1:03:00
  They get lost in the weeds. They're all basically the same
• 1:03:02
  program, just they're all trying to outdo each other.
• 1:03:06
  So if if you're on a strength training program right now, you
• 1:03:09
  know, and you're squatting 300 pounds and dead lifting 400
• 1:03:12
  pounds and that's working for you, then I'd say stick with it,
• 1:03:15
  you know? But if if you're lifting more,
• 1:03:18
  more than three days a week, I think it's too much.
• 1:03:20
  As you get older, recovery really becomes an issue.
• 1:03:22
  So twice a week is what I found to be a really good long term.
• 1:03:28
  Awesome. OK, one more, one more question
• 1:03:30
  here by Winekiss. If you had one exercise that you
• 1:03:34
  had to do for the rest of your life, what would it be?
• 1:03:37
  He said. IE push up, pull up, burpee,
• 1:03:39
  etcetera. It has to be a low bar back
• 1:03:41
  squat. There isn't an exercise out
• 1:03:44
  there that involves more of the body in it.
• 1:03:48
  There isn't an exercise out there really that has a long, a
• 1:03:51
  longer and more effective range of motion.
• 1:03:53
  And you really are able to use a stretch reflex and hip drive in
• 1:03:58
  the low bar back squat, which is a very important Your hips are
• 1:04:02
  the center of strength in your body, and the more you can focus
• 1:04:05
  on your hips, the stronger you're going to get.
• 1:04:07
  I can confirm I can confirm this.
• 1:04:09
  Love it. Confirm this.
• 1:04:10
  OK, one last thing before I let Nika jump in here.
• 1:04:13
  You you kind of when you were trolling me out in the beginning
• 1:04:16
  of the show before we went live, you you said like a solid meme
• 1:04:19
  and you said like don't focus on losing fat, focus on just
• 1:04:23
  gaining muscle and turn like turn your body into a a high
• 1:04:27
  functioning machine. I, I, I really like that little
• 1:04:29
  nugget that you said, yeah. So, you know, there's different
• 1:04:32
  ways to approach getting fit. You know, everyone has a
• 1:04:35
  different definition of in shape.
• 1:04:37
  Some people it means running a marathon.
• 1:04:39
  Other people, you know, I mean squatting 500 pounds, whatever
• 1:04:42
  in shape means to you. There's many different ways of
• 1:04:45
  getting there, but for the type of lifestyle that I kind of go
• 1:04:51
  after and try to have all my clients going after, there's two
• 1:04:55
  ways of, you know, looking good. You can either starve yourself
• 1:05:00
  and try and lose as much weight as possible, as much fat as
• 1:05:03
  possible, and then try and get strong.
• 1:05:05
  Or you can try and get strong and then you can lose weight.
• 1:05:09
  So the example I gave Nico when we first met is if you try and
• 1:05:14
  lose as much weight as possible initially and go for aesthetics
• 1:05:17
  first, you can not only lose muscle and you cannot, sorry,
• 1:05:21
  you can not only lose fat or you can not only gain muscle.
• 1:05:24
  If you're losing fat, you're losing muscle along the way, and
• 1:05:27
  if you're gaining muscle, you're gaining fat along the way.
• 1:05:29
  The idea is to maximize the muscle gain and minimize the fat
• 1:05:33
  loss or fat gain along the way. So you can try and lose weight
• 1:05:38
  and totally screw up your hormonal structure.
• 1:05:41
  You can tear through a bunch of your lean body mass, lower your
• 1:05:44
  metabolism, and then you're basically like a little Fiat
• 1:05:47
  smart car, you know, pushing the pedal to the metal, trying to
• 1:05:50
  burn as much calories as possible.
• 1:05:52
  But you have a really small engine, so a full tank of gas
• 1:05:56
  will last you, you know, 500 miles, 600 miles.
• 1:05:58
  You're going to be spinning your wheels for for a long time for
• 1:06:01
  almost no reason, as opposed to trying to get strong first and
• 1:06:05
  increasing all the systems in your body.
• 1:06:08
  Like I mentioned earlier, insulin sensitivity, your
• 1:06:10
  hormonal structure, getting your testosterone up When your body
• 1:06:14
  is firing at all levels at peak performance, then shedding a few
• 1:06:19
  vanity pounds becomes relatively easy because of the operating
• 1:06:24
  system that your body is at. Love it.
• 1:06:28
  Love it. Okay.
• 1:06:28
  Nico, chime in here. Yeah, so you.
• 1:06:31
  And this is really why I wanted to bring you on the show.
• 1:06:36
  So you work with not only myself, but you work with other
• 1:06:40
  very high profile bitcoiners. You train them.
• 1:06:43
  And you're you're what you do is completely remote in a way.
• 1:06:48
  I know like the first session, you like to do it in person, but
• 1:06:51
  you're used to working with people from all over the world.
• 1:06:55
  It's not just necessarily you have to live in Miami, they can
• 1:06:58
  contact you. They can pay you in Bitcoin or
• 1:07:01
  you are, you know, you are a Bitcoin trainer, so to speak.
• 1:07:05
  So you speak the language, you know you understand the culture.
• 1:07:08
  And I think that's really, really important for someone.
• 1:07:11
  That that you're working with on a consistent basis.
• 1:07:14
  It's very, I'll be honest with you guys, it's very difficult
• 1:07:16
  for me to like work with no coiner friends, cuz they're on a
• 1:07:19
  totally different operating system than you.
• 1:07:21
  You know, like they're thinking differently.
• 1:07:23
  They're not really, you know, they don't really understand
• 1:07:25
  what's at stake, what's going on.
• 1:07:27
  So, so, yeah. So why don't you speak a little
• 1:07:30
  bit about that? Yeah.
• 1:07:32
  So I mean on, I personally enjoy working in person with clients.
• 1:07:36
  You get to build that intimate relationship with someone else,
• 1:07:39
  become good friends. But there's a lot of people out
• 1:07:43
  there that need a good coach. And in this industry, finding a
• 1:07:47
  good coach is, I'd say the largest bottleneck as far as
• 1:07:52
  finding someone you can trust who understands the process,
• 1:07:55
  who, who's going to be accountable for your safety and
• 1:07:59
  your progress. So I have clients who are in
• 1:08:03
  California, I have clients in Dubai, I have clients in the
• 1:08:06
  Northeast. I have clients all over the
• 1:08:07
  world, mostly in America, where we can either do a live video
• 1:08:12
  session, such as we're doing right now, or I do video
• 1:08:16
  feedback where you can submit your videos and then within 24
• 1:08:20
  hours I give you feedback. There's always an open line of
• 1:08:24
  communication for me to or for you to ask any questions or
• 1:08:28
  concerns, and I'm I'm always open to have any conversation
• 1:08:32
  with anyone, if anyone out there you know, just wants to go a
• 1:08:35
  little deeper as far as how is it possible to only work out
• 1:08:38
  eight minutes a week and get this kind of progress, You know,
• 1:08:42
  feel free to reach out to me whether you're interested in in
• 1:08:45
  hiring me or not. You know, I always learn from
• 1:08:47
  every conversation that I have, so please feel free to reach out
• 1:08:50
  with any questions. Absolutely.
• 1:08:52
  Guys, you could find Sal you can go to at Miami Barbell.
• 1:08:56
  On Instagram you could find him there, you could shoot him.
• 1:08:59
  What'd you say, Barbell with three LS barbells?
• 1:09:01
  Yeah. Three LS Yeah, you could find
• 1:09:03
  him there. You could shoot him Adm on
• 1:09:05
  Instagram and you can get it going.
• 1:09:07
  I highly recommend Sal. He's the man.
• 1:09:09
  Definitely recommend it. You know his, his how?
• 1:09:13
  How would you call it? A project?
• 1:09:15
  His His, his. I don't know what the correct
• 1:09:20
  terminology is for this. Job.
• 1:09:24
  No, no, not job. His method?
• 1:09:30
  Ohm is the real deal. Anyways, guys, let's get on to
• 1:09:35
  the memes. We got a lot of memes to review.
• 1:09:36
  Let's check it out. Here we go, the Daily Meme
• 1:09:42
  Review. Dude, you can't ridicule but no
• 1:09:56
  corners and then expect them to buy bit corners.
• 1:09:58
  You guys got to learn on your messaging, hence why we always
• 1:10:02
  bring up the memes on the show. This is not only just a meme
• 1:10:05
  review, but it helps us iterate on the message.
• 1:10:08
  It helps us get some calls of actions out there.
• 1:10:11
  It helps us continue to ridicule the corporate press and keep our
• 1:10:14
  friends heads in the game. Tweet to the bullets, memes of
• 1:10:16
  artillery. We are in an information war.
• 1:10:20
  And it's upon every single one of us to spread that signal.
• 1:10:23
  But also like like we have Sal talking today to get yourself
• 1:10:27
  fit. And while you're getting buff
• 1:10:28
  and fit, you should be making memes.
• 1:10:30
  This is the way, guys. This is how you you know.
• 1:10:33
  This is how you Max your opportunities out of here.
• 1:10:36
  You get buff and you make memes at the same time.
• 1:10:38
  Anyways, here we are. With some memes.
• 1:10:42
  First one is by our boy Rd. under score BTC and he goes, I
• 1:10:44
  feel bad for you hashtag not gonna make it hashtag Bitcoin
• 1:10:48
  and I forget what what show this is.
• 1:10:50
  Is this like, Dang, What's that? It's like moving on up?
• 1:10:55
  To these I don't know. Anyways, you got a kid here,
• 1:10:58
  he's, you know, pontificating. He's kind of angry and he goes,
• 1:11:00
  oh, you're still waiting for that 12 K Bitcoin, huh?
• 1:11:03
  And then I'm just like about to cry, still waiting for that
• 1:11:06
  Bitcoin to go lower. And the bears are absolutely
• 1:11:08
  getting wrecked. We'll see if it happens.
• 1:11:10
  We'll see if it happens. All right, next one is by Ropium
• 1:11:13
  shouts out the rope. Even though he's trolling me in
• 1:11:15
  the chat right now, currently he just goes strong and we got this
• 1:11:20
  forehead that looks like it has a six pack.
• 1:11:22
  How fitting, considering the culture.
• 1:11:24
  And it goes when. You've memorized your 24 words,
• 1:11:27
  actually. How fitting considering the
• 1:11:29
  numbers and the news stories today.
• 1:11:32
  This is what your forehead should look like.
• 1:11:34
  You guys should have your seed phrase memorized.
• 1:11:38
  Maybe not the only way, but you know, maybe maybe give it a go.
• 1:11:42
  You guys are smarter than you know.
• 1:11:44
  Anyways, next meme is by the BTC therapist and it goes.
• 1:11:46
  Are you ready for what's coming? Hashtag BTC And we got a
• 1:11:50
  bitcoiner here and the Bitcoin price I would suggest.
• 1:11:55
  And he's sitting here in a lawn chair just chilling, you know,
• 1:11:59
  on the beach looks like a nice beach, nice white sand beach.
• 1:12:02
  And it's the bear market. It's so dry and so flat.
• 1:12:05
  And yet there is trillions of dollars tsunami waiting and
• 1:12:09
  coming towards you. And it's the having.
• 1:12:11
  And it's the Fadsby Rolls. And it's Black Rock and Spot,
• 1:12:13
  ETA and Nation State Adoption and Normie retail investors
• 1:12:18
  buying into Bitcoin. It's coming guys.
• 1:12:20
  The tsunami of Bitcoin is coming.
• 1:12:22
  Anyways, next meme is my heart of Cat 21.
• 1:12:24
  It goes make sure you focus your attention on the right things.
• 1:12:27
  And we have Bart here that is blind and he goes guessing which
• 1:12:30
  of the 10,000 shit coins will moon next.
• 1:12:33
  Absolutely blind. Just throwing darts and
• 1:12:37
  hopefully wishing to get lucky. And then we have Bart in a
• 1:12:40
  laboratory and he goes learning about Bitcoin stacking stats,
• 1:12:42
  staying humble, and I will add, staying.
• 1:12:45
  Solvent This is the way guys it it really do feel like that.
• 1:12:48
  Anyways next meme is by Hoddle Neville Saddle and it goes.
• 1:12:51
  Great job at Credit Suisse Hashtag Bitcoin and it goes 2017
• 1:12:55
  Credit Suisse CEO. Bitcoin at $17,000 is or $7000
• 1:13:01
  is the very definition of a bubble. 2023 Credit Suisse is
• 1:13:05
  down -99% and Bitcoin is up 400%.
• 1:13:12
  Absolutely love it. And on that same theme, shouts
• 1:13:14
  out to hoarding stats on Twitter And it goes Bitcoin thoughts.
• 1:13:16
  And we got the classic, you know, wife concerned about the
• 1:13:19
  husband thoughts. And she goes, he's probably
• 1:13:21
  thinking about other women and he's sitting here just thinking
• 1:13:25
  about death to the central banks because this is the way.
• 1:13:29
  And the last one is by Charles Shire Hoddle.
• 1:13:32
  And it goes. Total addressable Bitcoin
• 1:13:35
  market. And then it goes, what
• 1:13:37
  percentage of people got autism? And it goes around 1% of the
• 1:13:40
  world's population has autism. That's more than 75 million
• 1:13:43
  people. Let's go, the total addressable
• 1:13:46
  Bitcoin market shouts out the Copernicus.
• 1:13:49
  Love to see it. Anyways, drop your meme review
• 1:13:51
  score in the chat as we cover ours live and we will review
• 1:13:56
  them live on the show because this is the meme review.
• 1:14:02
  OK Nico, you got while I get the music ready.
• 1:14:04
  I'm gonna give it this USBC to a USB, a cable and a Revolution
• 1:14:12
  Mining merch shirt. Those are my scores.
• 1:14:16
  What about you? Nice, nice.
• 1:14:17
  I am going to give it this 8 gig micro SD card.
• 1:14:22
  OK, OK. Wow, look at you.
• 1:14:24
  Very fancy, very fancy. Wow.
• 1:14:26
  Nerd Alert. Nerd Alert.
• 1:14:28
  Nerd Alert. Anyways, Sal, what would you
• 1:14:31
  give those memes? I'm gonna give this one US shit
• 1:14:35
  coin and that's all it's gonna get.
• 1:14:38
  Rip it. Damn.
• 1:14:40
  Rip it. I gotta do I gotta do better on
• 1:14:43
  the meme review If it's just one shit coin.
• 1:14:46
  Oh man. OK, all right, let's go,
• 1:14:49
  actually, actually, actually, Miko whines in the chat.
• 1:14:54
  You know, you know what that means.
• 1:14:56
  Knack. Oh oh oh.
• 1:14:58
  Wine's in the chat. OK, under duress, I have to tell
• 1:15:01
  you about simply Bitcoin merch. Link 3 three times if you're
• 1:15:06
  free. Simply Bitcoin merch.
• 1:15:08
  You got to scan the QR code on your screen right now.
• 1:15:11
  We had a purchase on air yesterday.
• 1:15:13
  Help Us Stay on Air really, really helps support the show.
• 1:15:16
  If you buy our merch, it really does.
• 1:15:19
  You can get yourself a Simply Bitcoin shirt or a Simply
• 1:15:22
  Bitcoin hoodie. And it really, really helps us
• 1:15:25
  and really helps us make more content for you guys.
• 1:15:30
  Do you think that will make wine happy?
• 1:15:33
  No, he's he's literally unbearable.
• 1:15:36
  Can never make him happy. Yeah, yeah.
• 1:15:38
  All he does is make fun of me when I'm fun to his lifestyle.
• 1:15:41
  And he's never happy with little Opti.
• 1:15:44
  He's kind of happy with Nico, but not me.
• 1:15:47
  I can never make him happy, all right, anyways.
• 1:15:52
  All right, first scores. By Bart Elizabeth Warren's left
• 1:15:56
  bifocal. All right Elaine Lowell.
• 1:16:02
  Bitcoiners are the best mentally fit and soon the best physically
• 1:16:06
  fit. 8 minutes 2 * a week Heavyweight stacking the rest of
• 1:16:10
  the time that was a good one. Matthew Stacking Fitness and
• 1:16:16
  Sats. OK, I like it.
• 1:16:18
  All right. There's next one.
• 1:16:19
  I like it. I like it.
• 1:16:21
  Rope the gravitational pull of Opti's zip.
• 1:16:25
  Yep. It's huge, dude, this thing's
• 1:16:27
  massive. I don't know what's going on
• 1:16:29
  here. I can't find the correct
• 1:16:32
  soundboard for that. Roman.
• 1:16:34
  If you ain't stacking, you ain't slacking.
• 1:16:37
  OK, wine kiss. If you ain't stacking you slack.
• 1:16:40
  Nico's six pack forehead after his eight minute working out for
• 1:16:44
  the week. Bitcoin for Canadians.
• 1:16:50
  I give those memes more muscle and less fat for the rest of.
• 1:16:53
  November, let's go. XX meme score one Bitcoin giant
• 1:17:00
  tidal wave wash out of Pocahontas lying bullshit when
• 1:17:04
  they say Pocahontas is relying to Elizabeth Warren?
• 1:17:08
  That's not us saying it, Mclovin I wish simply Bitcoin would
• 1:17:11
  warrant warn me before playing a vid clip of Liz Warren as it
• 1:17:15
  raises my blood pressure acutely.
• 1:17:18
  OK, there's a lot a lot of non Elizabeth Warren fans.
• 1:17:22
  J Dub The Laker. Great to meet you in LA in the
• 1:17:24
  flesh Brother meme. Score incoming Nico since 6
• 1:17:28
  pack. Yeah, that's right.
• 1:17:29
  Soon, hopefully. Allegedly.
• 1:17:31
  Allegedly. Rave elevator I score the memes
• 1:17:33
  the 5th failed bank in 2023 Quote Citizens Bank OK, OK
• 1:17:39
  Bitcoin Bull. Give the memes Review the Tear
• 1:17:42
  the tears of Liz Warren after she learns about Bitcoin.
• 1:17:45
  I She already knows and she doesn't like it.
• 1:17:48
  Revolution mining I give the memes a simply Bitcoin hoodie we
• 1:17:51
  got. We gotta send we gotta send our
• 1:17:53
  boys over at revolution Mining. Some simple.
• 1:17:55
  Hold on. We we gotta we I keep forgetting
• 1:17:58
  we have some on rumble. So here we go.
• 1:18:00
  UTXO score Opti eliminating glyphosate from his diet.
• 1:18:05
  What? I don't know what that is but
• 1:18:07
  I'll I'll look into it. All right Paradox six O 6 meme
• 1:18:10
  score a bottle of Anti Acid for Fink when BTC blows through 100K
• 1:18:16
  with. Gary Gensler still holding back
• 1:18:18
  ETS. We just got an order wine during
• 1:18:21
  the show so shut up. I'm not going to docs who
• 1:18:23
  ordered it, but thank you. Thank you Sir for ordering some
• 1:18:27
  merch on the live show. You're making wine happy.
• 1:18:29
  I guarantee wine has a smile on his face right now.
• 1:18:33
  Anyways, appreciate you bro. Thank you.
• 1:18:36
  Thank you so much for supporting the show.
• 1:18:38
  And also shout out to everybody watching us on Rumble.
• 1:18:43
  I think we hit another all time high.
• 1:18:45
  I think 80 live viewers on Rumble, plus all the the viewers
• 1:18:50
  on YouTube, plus all the viewers on Twitter.
• 1:18:52
  We appreciate you all. Thank you so much for tuning in
• 1:18:54
  everyday, making the show possible.
• 1:18:56
  I want to give a very special shout out to our guest.
• 1:18:59
  Sal, thank you so much for coming on the show today.
• 1:19:01
  You guys could find him at Miami Barbell with three LS on
• 1:19:06
  Instagram. Sal, thank you so much for
• 1:19:08
  coming. Thanks, guys.
• 1:19:09
  Keep stacking. Appreciate it man.
• 1:19:12
  Hopefully we'll have you back on in a couple months or so.
• 1:19:15
  Anyways, guys, if you enjoyed the show you want to do, smash
• 1:19:17
  that like button. Consider subscribing if you feel
• 1:19:20
  like we provided you value but the number one thing you could
• 1:19:22
  do to help this peaceful Bitcoin revolution.
• 1:19:26
  Is share Bitcoin content Share Bitcoin art?
• 1:19:28
  Share Bitcoin music? We must take over the culture.
• 1:19:31
  Hold on, what's that Nika doing? Like a French accent?
• 1:19:34
  Bitcoin content? No, I think that's just me, UK.
• 1:19:38
  British accent. Bitcoin culture, Bitcoin
• 1:19:40
  culture. We must take over the Bitcoin.
• 1:19:43
  No, no, no, no, no, no. We must spread Bitcoin culture
• 1:19:46
  far and wide, get it seeped into the mainstream consciousness.
• 1:19:51
  That's how we win, guys. Take action.
• 1:19:54
  Pay attention to today's episode is a very dark one, is a very
• 1:19:57
  important one. There are many things you could
• 1:19:59
  do. Get active on Twitter, get
• 1:20:01
  active on YouTube, Make your voices heard.
• 1:20:03
  Leave a comment. This is this is the beginning of
• 1:20:07
  then they fight you stage, but after the then they fight you
• 1:20:09
  stage. Then there's the then we win
• 1:20:12
  stage. So that's the good news.
• 1:20:13
  Anyways guys, I hope you enjoyed the show.
• 1:20:15
  We will be back tomorrow for a brand new episode of Simply
• 1:20:18
  Bitcoin Live. Peace out, y'all.