Latest / Simply Bitcoin / BREAKING: Norway Attacks Bitcoin | EP 970

Transcript

BREAKING: Norway Attacks Bitcoin | EP 970 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah.
• 0:23
  Welcome to another episode of Simply Bitcoin Live.
• 0:25
  Very number one starts with the peaceful Bitcoin revolution.
• 0:27
  Corporate news, Culture, Magic Warfare will be your guide
• 0:29
  through the separation of money and state.
• 0:31
  Ladies and gentlemen, welcome to the most watched daily Bitcoin
• 0:33
  live show on YouTube. Rumble Annex.
• 0:35
  Welcome to Simply. Welcome to Simply Bitcoin.
• 0:37
  Sit back, relax, Enjoy the ride. We have a lot to talk about
• 0:41
  today. First, coming up, Norway wants
• 0:43
  to curb Bitcoin mining with Europe's first data center
• 0:48
  regulation. Now what's really interesting
• 0:50
  about Norway also and the reason the reasoning behind this, you
• 0:55
  know, this new kind of ban on Bitcoin mining is it doesn't
• 0:59
  make sense. Why?
• 1:00
  Because 100% or all close to 100% of Norway's Bitcoin mining
• 1:07
  is powered by renewable energies.
• 1:10
  Second reason is that where is Norway's Bitcoin mining
• 1:15
  happening geographically? And the other thing which I'll
• 1:19
  still I I I'm going to keep beating this drum.
• 1:22
  So people under people understand you can't just set up
• 1:25
  a Bitcoin mining operation in the middle of Manhattan, in the
• 1:29
  middle of New York City. It doesn't work like that.
• 1:32
  Why? Because Bitcoin needs cheap
• 1:34
  energy, it needs energy and if energy is cheap, that means that
• 1:38
  there's a lower demand on it. So what tends to happen is that
• 1:41
  most Bitcoin mining, most Bitcoin mining happens around
• 1:45
  isolated energy pockets, meaning this energy was already going to
• 1:50
  waste. But what we keep hearing from
• 1:53
  the detractors, what we keep hearing from regulators, what we
• 1:56
  keep hearing from the enemies of Bitcoin is that somehow Bitcoin
• 2:01
  mining is just consuming all this energy and you know, it's
• 2:05
  taking away energy from people that needed that energy.
• 2:09
  And that's not the case. Like I said, if it's not excess
• 2:13
  stranded energy, it's too expensive for Bitcoin miners.
• 2:18
  And one of the things that a lot of people don't know about
• 2:21
  energy is when when you produce it, you have to use it, you have
• 2:26
  to use that electricity. It's not very economical to
• 2:30
  store battery technology. Not only is it not dare to store
• 2:34
  vast amounts of energy over time, it's like your iPhone.
• 2:39
  Like you leave your iPhone on your desk overnight and it's at
• 2:42
  100% and it's not plugged in. You wake up, it's like a 99 or
• 2:45
  98%, right? Over time, batteries you like,
• 2:48
  lose a little bit of energy and then the transportation thing,
• 2:52
  right? If you transport electricity
• 2:54
  over long distances, it loses. It's like, it's very similar to
• 2:58
  like how a battery kind of loses efficiency and power, right?
• 3:02
  So you kind of have to use it on the spot, right?
• 3:05
  So it kind of creates this situation where before Bitcoin,
• 3:10
  stranded energy, excess energy, had no value, had no monetary
• 3:14
  value. For the first time in human
• 3:16
  history, these isolated energy pockets now all of a sudden have
• 3:21
  value. It's never happened before,
• 3:23
  right? And I think it's going to create
• 3:25
  like this, no pun intended, like this new type of gold rush type
• 3:28
  of scenario where if you'll have like towns and cities, and I'm
• 3:33
  really bullish on Africa and South America in this on, on
• 3:36
  this topic. I think what you're going to see
• 3:39
  is you're going to see like these, these new kind of mining
• 3:41
  towns, but not like gold mining towns, but like you know like if
• 3:44
  you go to Colorado, you'll see these like abandoned gold mining
• 3:47
  towns and stuff and of course they're now abandoned because
• 3:49
  you know, people have moved on and whatnot.
• 3:51
  I think what you're going to see is these stranded energy kind of
• 3:56
  civilizations and towns and whatever that otherwise no one
• 3:59
  would go there. All of a sudden Bitcoin miners
• 4:01
  just kind of flood in, start hiring people there, start
• 4:05
  bringing like opportunity and all that stuff.
• 4:08
  And I think this is going to happen on a worldwide scale.
• 4:10
  And I mean look at what happened, look at what's
• 4:12
  happening in the Kingdom of Bhutan, right.
• 4:14
  It's just like very small country in Asia, but has a
• 4:17
  tremendous amount of hydroelectric capacity.
• 4:20
  You know, they started with 100 megawatts and now they just
• 4:23
  upped it. They just just just came out,
• 4:26
  they upped it from 100 megawatts to 600 megawatts.
• 4:29
  So they upped it by five times really.
• 4:32
  So yeah, I I I'm extremely bullish on Bitcoin mining.
• 4:35
  And I think governments are, and this goes back to the sovereign
• 4:37
  individual, they're going to have to take this pill and this
• 4:41
  really pill that's going to be hard to swallow and they're
• 4:43
  going to come to the realization that you can't ban Bitcoin
• 4:46
  mining. It's not going to go away.
• 4:48
  You can only ban yourself from the benefits of Bitcoin mining,
• 4:51
  right? And a good example of that was
• 4:53
  the China ban. The China ban happened and you
• 4:56
  had this great migration of Bitcoin miners from China to
• 5:01
  other friendlier jurisdictions, right?
• 5:03
  Most of it being Kazakhstan and the state of Texas in the United
• 5:07
  States, right. So anyways, we're going to talk
• 5:09
  about that. And also, Natalie Burnell went
• 5:12
  on speaking in the Overton window.
• 5:14
  I know a lot of you guys are gonna give me crap on that, but
• 5:16
  I'm gonna keep bringing it up, 'cause it's really important in
• 5:18
  the separation of money and state, information warfare on
• 5:21
  the Internet. Natalie Burnell went on Fox
• 5:24
  Business and she debated Peter Schiff on Gold And I was getting
• 5:30
  messages from kind of like family members and all that
• 5:32
  stuff and and they were just basically saying like this Peter
• 5:35
  Schiff guy, he's a like he's not being very smart right now, to
• 5:39
  put it nicely. So yeah, the the Overton window
• 5:43
  is shifting. These types of debates and
• 5:45
  discussions on the legacy corporate media is extremely
• 5:49
  important because the people that are watching that type of
• 5:52
  media tend to be the older generations and the older
• 5:54
  generations are the ones that have the lion's share of the
• 5:56
  world's wealth. So I think this is really good
• 5:59
  in terms of the hyper bitcoinization mission that
• 6:02
  we're on. In terms of, you know, the
• 6:04
  separation of money and state, we're definitely heading in the
• 6:06
  right direction. But this little little speed
• 6:09
  bump by Norway, I don't, I don't know what they're thinking.
• 6:12
  And we'll kind of go into the details of that.
• 6:14
  I'm gonna bring up my legendary codes.
• 6:16
  We're doing an episode, him and I alone today.
• 6:19
  And I'm so excited. In a minute, we.
• 6:21
  Haven't done one in a while, but I love doing an episode with
• 6:25
  Opti 'cause we absolutely rip it.
• 6:26
  And what are you gonna talk about during the culture, my
• 6:28
  friend? Well, I got a good one.
• 6:31
  It might be a little spicy for people out there, but before I
• 6:33
  do that, I did do a quick little Wikipedia search on Norway's
• 6:37
  energy. And this is just the top of
• 6:39
  Wikipedia. You guys could throw tomatoes
• 6:41
  about Wikipedia all you want, but Norway?
• 6:43
  This is the first sentence, guys.
• 6:44
  Norway is a large energy producer and one of the world's
• 6:47
  largest exporters of oil, and most of the electricity in the
• 6:50
  country is produced by hydroelectricity.
• 6:52
  So it sounds like they are primed for more Bitcoin miners
• 6:56
  coming into the country. It's just absolutely love to.
• 6:59
  I'm updating the hashtag from Unplugged Denmark to Unplugged
• 7:04
  Norway. New hashtag just dropped.
• 7:06
  Guys. Yeah man, you guys know what I
• 7:08
  say. You can't ban Bitcoin.
• 7:10
  You can only ban yourself from Bitcoin.
• 7:12
  And if Norway wants to make a very uneconomic move like this
• 7:16
  and try to kick out Bitcoin miners, well, hey, you know, as
• 7:19
  the meme goes, they're going to have fun staying poor.
• 7:22
  But on that note, didn't they hear what happened with China?
• 7:25
  Like, do people forget the lessons that China taught us a
• 7:28
  couple of years ago? Like you can't stop Bitcoin
• 7:30
  mining anyway, Just love to see it.
• 7:33
  All right? What?
• 7:34
  We're talking about the culture. So my boy Nolan count BTC from
• 7:38
  the breakup. He went on Walker's show and not
• 7:42
  another Bitcoin podcast or the Bitcoin podcast.
• 7:44
  I forget what the official name is, and he dropped the spicy
• 7:47
  clip. And I was on Why are we bullish
• 7:49
  on Friday? And everyone was kind of
• 7:52
  trolling me and giving me some Flack because they're like, oh,
• 7:54
  optes just bullish on Bitcoin because of the price.
• 7:57
  So I'm going to kind of connect these two ideas and this clips
• 8:00
  great. I I absolutely love Nolan.
• 8:02
  I watch him every morning basically like the only Bitcoin
• 8:05
  I watch in the morning right now he's he's he's the goat.
• 8:08
  And I'm going to probably rant a little bit and I want to get
• 8:10
  Nikos take on this because you know here at Simply Bitcoin, we
• 8:13
  don't necessarily speculate on the price of Bitcoin because we
• 8:16
  don't know what it's going to be.
• 8:18
  All we know is that hard cap, 21 million Bitcoin Infinity
• 8:23
  dollars. It's going up forever.
• 8:25
  But this is a cultural movement. And for better or worse, guys,
• 8:30
  the normies out there look at the Bitcoin price and that's how
• 8:34
  they understand the world. Like, are you rich?
• 8:37
  Then I listen to you. Sorry guys, I'm not recreating
• 8:40
  human psychology, but I got a great clip for you guys and it
• 8:42
  really ties into everything we talk about here on Simply
• 8:45
  Bitcoin. It's just framed in a new way.
• 8:47
  And I think Niko's gonna love this one.
• 8:49
  Oh man, I'm excited for it. Yeah, absolutely.
• 8:51
  Huge fan of The breakup and huge fan of Nolan, man.
• 8:54
  Every time he comes, every time he comes on the show, we just
• 8:57
  give him the mic, bro, I. Might have to do just.
• 8:59
  Lower with Nolan like yeah bro, simply Bitcoin TTO.
• 9:04
  Man, I haven't done one in a minute.
• 9:05
  Maybe. Maybe TTO.
• 9:06
  Bring it back Optimus, Fields and Nolan I think bro, I would
• 9:09
  love that. That would be absolutely epic.
• 9:12
  Anyways, guys, if you're enjoying the show so so far,
• 9:14
  make sure to smash that like button.
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  Help us break. I'm going to say it 100 likes
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  within the first hour of the show.
• 9:21
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• 9:24
  like button really, really helps with the algos.
• 9:28
  Young Kings is commenting NGU baby.
• 9:30
  That's right. That's right.
• 9:31
  All right, everybody. Before we jump into the show, I
• 9:33
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  stamp seed. Anyways, price at the time of
• 12:46
  recording the Bitcoin price is $61,930.
• 12:49
  That's per dollar 1615 block height 839,505 blocks to having
• 12:56
  495 having Oh man, oh man, we are close.
• 13:01
  You're so close. You're so close. 400 and 95495
• 13:05
  blocks having estimate it's going to happen April 19, 2024
• 13:10
  Total Lightning network capacity 4392 Bitcoin capacity value
• 13:15
  271,000,000 U.S. dollars Realized Monetary inflation
• 13:20
  1.73% The market capitalization of Bitcoin currently at 1.22
• 13:27
  trillion U.S. dollars Bitcoin verse gold Market cap 8.81% In
• 13:34
  the grand scheme of things, Bitcoin is just getting started.
• 13:38
  Anyways, Speaking of Bitcoin verse gold, Natalie Burnell
• 13:43
  absolutely doing Satoshi's work. Here's all Coin Daily on
• 13:49
  Twitter. He says the greatest Bitcoin
• 13:51
  verse gold debate of all of all time.
• 13:54
  And he says it's a reposted video from Fox Business.
• 13:58
  It's Peter Schiff versus Natalie Purnell.
• 14:00
  I haven't watched it yet so that you guys can get a live reaction
• 14:04
  of this. It's about a 5 minute video, but
• 14:06
  I think it's worth watching the whole thing.
• 14:07
  Let's check it out. Here we go.
• 14:09
  Bitcoin is going much lower than this.
• 14:10
  If Natalie were smart, as soon as this segment is over, she
• 14:13
  would sell all of her Bitcoin. Because if she doesn't sell it
• 14:16
  now, she's going to sell it later at a much lower price.
• 14:19
  Well, Vim's what we call fighting words, and I think that
• 14:21
  similar drivers are both. But let me introduce the two.
• 14:24
  Natalie. Natalie, meet Peter.
• 14:25
  Peter, meet Natalie. All right, Natalie, some torch
• 14:27
  work for you. What would you tell Peter?
• 14:29
  Oh, I know Peter. And you know what?
• 14:30
  Bitcoiners don't feel the need to constantly attack gold
• 14:33
  because we're not threatened by gold.
• 14:34
  And the reason that we have this failed Fiat experiment that has
• 14:37
  impoverished our nation is because of the defects of gold,
• 14:40
  The fact that it's not easily portable, it's not easily
• 14:42
  verifiable. It doesn't offer instant final
• 14:44
  global settlement. And so, you know, what
• 14:46
  centralized authorities hijacked it.
• 14:47
  They papered over it and we have a system of leverage and rehy
• 14:50
  application that hurts the working class.
• 14:52
  Bitcoin is immune to all of that.
• 14:53
  It is the savings account for billions of people that we
• 14:55
  really need and and can most rely on and it offers that final
• 14:58
  global settlement that we need. And so gold is the analog
• 15:01
  version of sound money, but Bitcoin is the digital version,
• 15:03
  and that's why it's going to be the faster horse in this race
• 15:05
  that. Was like a minute and she
• 15:10
  dropped so much fucking sauce. Oh man, Opti.
• 15:15
  Initial reactions. Holy shit.
• 15:17
  I'm not convinced by Peter Schiff at all, but shout out to
• 15:21
  Natalie. She killed it.
• 15:22
  Like Schiff is the perfect heel. Like this is key fob guys like
• 15:25
  this is literally WWE wrestling. I mean, he literally accepts
• 15:29
  Bitcoin for gold bars. Like he gets it.
• 15:32
  It's just his business model to act stupid out here like his dad
• 15:36
  was a legendary libertarian. He like, he understands his
• 15:40
  Bitcoin stuff. And then his son comes out.
• 15:42
  It's like, I don't even know why we're arguing with Peter Schiff
• 15:44
  out here, but shouts out to Natalie for absolutely
• 15:47
  destroying him on, you know, corporate press like the the
• 15:51
  people that are watching Fox News.
• 15:53
  They're obviously gold bugs and you know, shouts out to her for
• 15:56
  just destroying him in one minute. 100%, All right, we got,
• 16:00
  we got a couple minutes to go. Let's check it out, Peter.
• 16:03
  There's there. There's nothing sound about
• 16:05
  Bitcoin. It's losing the race right now.
• 16:06
  Take a look at your screen. Gold is up $2526 and Bitcoin is
• 16:10
  getting clobbered. You know there is no flaw in
• 16:12
  gold. Gold worked great for 5000
• 16:14
  years. The problem is the flaws with
• 16:16
  governments, the flaws with human beings, not with gold.
• 16:19
  But Bitcoin is is really flawed because it doesn't have any
• 16:21
  actual value. Gold is the most useful metal on
• 16:24
  the periodic table. That's why it's money.
• 16:26
  Now. It has great characteristics
• 16:28
  that make it better money than other commodities, but absent
• 16:31
  its intrinsic value, it it couldn't be money.
• 16:33
  And Bitcoin has no intrinsic value.
• 16:35
  It's just a digital let me just for one second, because and all
• 16:38
  of this is just a bunch of hype. Anything could be money, right?
• 16:40
  On the island of Yap they used to have bit stone.
• 16:42
  Stone money, anything could be money if.
• 16:44
  People use it as an exchange, and this is the thing.
• 16:46
  But that's because they. But here's the thing, though,
• 16:48
  you have to know Bitcoin is on the rise.
• 16:49
  Wall Street has embraced it. And this is just a tiny speck.
• 16:52
  I mean, could you imagine, could you imagine, Peter, at the rate
• 16:55
  of of recognition if Bitcoin keeps going at this rate, it's
• 16:58
  hard to deny it could go substantially higher.
• 17:01
  Now I just told you it's been dropping for 2 1/2 years.
• 17:04
  That's what it that has made all time high recently.
• 17:06
  And I think that decline is going to accelerate it.
• 17:09
  It it does not keep going up. They suckered in a bunch of
• 17:11
  people. Wall Street didn't embrace it.
• 17:13
  They're just trying to make a buck off it.
• 17:14
  I mean, these big Wall Street firms aren't buying any Bitcoin
• 17:16
  with their own money. This is their customers money
• 17:18
  that are dumb enough to buy it. They're just booking the bets.
• 17:21
  They're operating the casino. They're not at the blackjack
• 17:23
  tables and the roulette wheels. Natalie wants their customers
• 17:25
  that are doing that. Natalie wants to jump back in.
• 17:27
  You know, if you look at the short term, Bitcoin is going to
• 17:29
  be volatile. But if we zoom out, Bitcoin has
• 17:31
  outperformed gold. In fact, when Hamas attacked
• 17:33
  Israel. Since then, Bitcoin is up 125%
• 17:36
  and gold is up only 27%. So let's really look at the
• 17:39
  numbers that we're seeing. And the best thing about Bitcoin
• 17:41
  is, again, no one controls the Ledger, whereas gold is really
• 17:44
  vulnerable to centralization and top down control, which is why
• 17:47
  we need a system that is a neutral place to store your
• 17:49
  wealth. We need a neutral system and
• 17:51
  don't even get Bitcoin. Why can't someone have exposure
• 17:55
  to both? Yeah, well, first of all,
• 17:58
  Bitcoin has outperformed everything.
• 17:59
  So don't compare it to gold. It's outperformed stocks, real
• 18:01
  estate, bonds, collectibles. That's because it's a gigantic
• 18:04
  bubble. No?
• 18:04
  If you want to own Bitcoin, I I don't care.
• 18:06
  If you want to lose money in Bitcoin, go right ahead.
• 18:08
  Doesn't bother me. But I'm trying to help give
• 18:10
  people advice as to what to do with their money and if they
• 18:13
  want to have an investment portfolio.
• 18:15
  Bitcoin has no part in it. But you know, if you like
• 18:18
  gambling, if you want to take some of the money that you want,
• 18:20
  we're going to take to the race tracks or buy lottery tickets
• 18:22
  with. Or go to Vegas.
• 18:23
  If you want to take some of that money and gamble on Bitcoin or
• 18:25
  any of the other 20,000 cryptocurrencies that are out
• 18:27
  there, go right ahead. I mean, it doesn't bother me,
• 18:30
  but I don't want to buy any Bitcoin.
• 18:31
  I mean, sure, had I bought Bitcoin years and years ago when
• 18:34
  I first learned about it, yeah, I could have made a lot of money
• 18:36
  selling it now to the greater fools.
• 18:37
  But I didn't do that. Something he said on my show, he
• 18:39
  wishes he bought Bitcoin. Yeah, so.
• 18:41
  So, Natalie bottom. Line, though I'm not going to.
• 18:42
  Buy it now. And Natalie, you're going to
• 18:44
  wish you sold Bitcoin. Mark my words.
• 18:46
  You're going to be ruined. We, we, we take all of this.
• 18:48
  If I'd only sold my Bitcoin. I had a lot of 30 seconds left.
• 18:51
  I got to give Natalie the last word.
• 18:53
  I think. I think the American dream has
• 18:54
  really been hijacked. We we tried gold.
• 18:56
  It didn't work. It was papered over.
• 18:58
  That system has failed the American people.
• 18:59
  And Bitcoin does provide hope for us, the working class.
• 19:02
  We want to be able to work for something that has to be
• 19:04
  measured by a free market so that we can see real value
• 19:07
  emerge as opposed to being captured by politics and
• 19:10
  bureaucracy, which ultimately is a system that benefits the few
• 19:12
  at the at the expense of everyone else.
• 19:14
  And it's a system in which the politically connected and the
• 19:16
  special interest groups really are at the top.
• 19:18
  And so we need a system that is for the people.
• 19:20
  Bitcoin is for the people. Natalie, thank you very much,
• 19:22
  Peter. Thank you very, very much.
• 19:23
  Liz Clayman, over to you. I was enjoying that.
• 19:26
  Oh man, dude, that was that was crazy, that that all that
• 19:29
  information packed into 5 minutes, You know, a couple
• 19:34
  things, right? So Peter said something really
• 19:38
  interesting in the beginning, which like it stuck with me the
• 19:41
  entire interview, which is like, like, you know, the the issues
• 19:44
  and with gold, the issues with governments, right.
• 19:47
  So Gold failed this stress test. It did and it was inevitably Co
• 19:55
  opted. This happened in the United
• 19:56
  States with the six one O 2 order made gold illegal.
• 20:00
  They're able to confiscate it so effectively due to the
• 20:04
  centralization of the custody of gold and they just they the
• 20:10
  whole paper money thing started right?
• 20:15
  That's where Bitcoin has a shot. And it has a shot because of its
• 20:20
  physical characteristics, of its ability for any person to write
• 20:24
  down a 12 to 24 word seed phrase and store, theoretically, you
• 20:30
  know, billions, trillions, millions of dollars on those
• 20:34
  words. That's where Bitcoin has a shot.
• 20:38
  That's where the return on violence doesn't have an
• 20:42
  advantage towards the government or towards the state.
• 20:46
  Better said, that's where Bitcoin shines and that's where
• 20:50
  gold fails. And gold fails due to its
• 20:53
  physical characteristics, because of gold being that metal
• 20:58
  that Peter ships. Like it's a it's a metal you.
• 21:01
  There's only so much Bitcoin, There's only so much gold you
• 21:05
  could store on your body. There's only so much gold.
• 21:08
  You know, you could put in a suitcase before getting
• 21:11
  ridiculously nervous, you know, crossing the border or getting
• 21:14
  on a plane and passing through security.
• 21:18
  That's not the case with Bitcoin, right.
• 21:23
  All you got to do is you got exactly, Elaine said it best
• 21:25
  Swiss bank in my pocket. And you are the owner of that
• 21:28
  Swiss bank. It's not like you're a customer
• 21:30
  now. You're the owner of that Swiss
• 21:31
  bank and you get to decide everything you do with your
• 21:35
  wealth. That's that's the that's the
• 21:38
  part that stuck with me. And that's the part where I
• 21:41
  understand where Peter Schiff is coming from in terms of, I think
• 21:46
  he was right in terms of all his arguments against government,
• 21:50
  his arguments for sound money, but he gets attached to a failed
• 21:56
  instrument. And mind you, this is coming
• 21:59
  from someone who is a fan of physical gold, like physical
• 22:03
  gold, not the ETFs that the vast majority of people buy.
• 22:07
  And they say, oh, I have gold, no.
• 22:08
  So you have a paper gold. You don't have like actual gold
• 22:11
  bars ain't your you know on on you right on your person or
• 22:15
  wherever you you know you store your wealth like.
• 22:18
  But again, Bitcoin is superior in this sense, it just is it's
• 22:24
  physical characteristics. It's absolutely scarce, unlike
• 22:28
  gold and the fact that there is a predetermined supply shock pre
• 22:38
  programmed into this thing every four years, that's about to
• 22:42
  happen in like two or three days.
• 22:45
  And of course you know that makes the price run up and all
• 22:48
  that good stuff to all the things that we enjoy about
• 22:50
  Bitcoin. The reasons that we're huddling,
• 22:52
  right, it's NGU technology and a lot of people don't know that
• 22:56
  about gold, right? It has a 1 to 2% inflation rate.
• 23:00
  If the price of gold goes up, gold production goes along with
• 23:03
  it. So it can never kind of create
• 23:06
  this situation where in Bitcoin it happens.
• 23:10
  It happens every single having you know it's OK is it going to
• 23:13
  happen this having I think it will right.
• 23:17
  So yeah, I mean I think it's tough to say this and I think
• 23:21
  maybe this will rob people the song wrong way.
• 23:24
  But I think gold failed where Bitcoin will succeed.
• 23:28
  And I think gold had a good shot but it was Co opted.
• 23:33
  It was Co opted by the state. Now does that mean that Bitcoin
• 23:37
  cannot be Co opted as well? Absolutely not.
• 23:40
  I think it can. And I think the fact that all
• 23:44
  these ETFs are custodying all their Bitcoin with Coinbase
• 23:48
  making it a super easy target for the 610-6102 order.
• 23:53
  Two point OI think emphasizes the fact that it's not just
• 23:59
  about getting exposure to Bitcoin.
• 24:02
  Self custody is the revolution. Like self custody is what is
• 24:07
  going to fundamentally change the world.
• 24:10
  Millions upon millions of individuals holding
• 24:13
  unconfiscatable wealth, that is what's really going to move the
• 24:17
  envelope. So when the party gets started
• 24:21
  and we hit all time highs and you know we inevitably break
• 24:25
  100K and then 200K then 300K then 400, Ki want everyone to
• 24:30
  remember that you might have quote UN quote paper exposure,
• 24:35
  but if you don't have Bitcoin in self custody, it's really not
• 24:39
  your Bitcoin. Anyways, I think you know it's
• 24:42
  naive. Again, bitcoin's an ego test and
• 24:45
  I think Peter Schiff failed that test.
• 24:46
  Natalie put it so, so well, so concisely in such a short amount
• 24:51
  of time, so shout out to her. You know I'm gonna counter you,
• 24:54
  Nico. I don't think it's an ego test.
• 24:56
  Like at this point it is his ego.
• 24:58
  But I am convinced that this is just a bit that Peter Schiff
• 25:02
  plays. Like, this is just a persona.
• 25:04
  This is just a Peter Schiff show.
• 25:06
  And like, there were so many things that were wrong in that
• 25:09
  little clip. Like first and foremost, shouts
• 25:12
  out to the gold bugs out there because you guys were holding
• 25:14
  the line in the hard money game for a long time.
• 25:17
  But Bitcoiners will take it from here.
• 25:19
  We're in a we're in a digital world.
• 25:20
  We're in a world that is never going to go back to the stone
• 25:23
  ages. The internet's here to stay and
• 25:25
  I think we need an Internet native money, which is of course
• 25:28
  Bitcoin, and then just a few things, you know?
• 25:30
  Peter Schiff said there's no flaw in gold.
• 25:32
  And it's like really bro, like This is why we're on the Fiat
• 25:35
  standard in the first place because there was a flaw in
• 25:38
  gold. It's hard to transfer through
• 25:40
  time and space and it's very easily centralized.
• 25:43
  And This is why we have IO us. This is why we have Fiat
• 25:45
  currency in the 1st place. And then like how's it?
• 25:49
  It's like Man Gold's gold's booming man.
• 25:51
  It went up $26 and we're like, you know, Bitcoin moves $26 like
• 25:56
  every second and none of us even flinch.
• 25:58
  Like imagine being bullish because your price went up $26.
• 26:03
  It's like that's nothing. That's I don't even know what
• 26:05
  that is in Bitcoin. Like .001% move.
• 26:08
  That's like nothing here. And and shouts out The xx in the
• 26:10
  chat he said bitcoin's been up 10.
• 26:13
  I mean sorry gold went up 10% in 10 years.
• 26:16
  Like Oh my goodness, it can't even keep up with inflation
• 26:18
  rates right now and this is what he's advocating for.
• 26:21
  But again I'm fully convinced that Peter Schiff is a bit like
• 26:24
  this is key FOB. This is this is WWE wrestling.
• 26:27
  Like, he knows that. We know he's basically playing a
• 26:31
  persona. And then on the one of the other
• 26:33
  points, you know, like Bitcoin has no intrinsic value.
• 26:36
  It's like, bro, nothing has intrinsic value.
• 26:39
  This is a simple Austrian economic rule.
• 26:42
  And you know this, like he is an Austrian economist himself.
• 26:46
  Like he knows this, but I think he's playing on the lack of
• 26:50
  understanding from from the normies out there and like,
• 26:52
  look, man, I love gold. This is why I put my gold
• 26:55
  necklace out for this bit. I love wearing gold.
• 26:58
  It's in my culture to love wearing gold.
• 27:00
  But it is not money anymore. Yes, it's been a good store
• 27:03
  value. Yes, you know, central banks are
• 27:05
  still using it to store value, but Bitcoin is a 10X improvement
• 27:09
  on gold. Bitcoin is everything gold
• 27:11
  wishes it was. It can literally store value
• 27:14
  through time and through space. It can be transferred instantly.
• 27:18
  It is going over the Internet right now, circulating around
• 27:21
  the world. Real time liquidity, a real time
• 27:24
  metric of of the world economy. Well, not the full economy yet,
• 27:27
  but it will be eventually soon enough.
• 27:30
  But yeah, I I truly believe that Peter Shift is playing a persona
• 27:35
  and then I forget what the metrics is.
• 27:37
  So you guys can Fact Check me on this but Peter Schiff's fun has
• 27:40
  literally returned 0% over I think it was like a decade or
• 27:44
  five years. I forget what the number is.
• 27:45
  You guys can Fact Check me on this but he's literally hating
• 27:49
  on Bitcoin and even said in there like yeah Bitcoin is the
• 27:51
  best returns ever. You know maybe yeah I I would
• 27:54
  have been rich if I saved in Bitcoin.
• 27:56
  I'm convinced he holds Bitcoin. I'm convinced that that he
• 27:59
  understands the game being played out there.
• 28:02
  But with all that being said, I think there is a a good
• 28:08
  zeitgeist moment here because I think he understands what we
• 28:11
  understand. Like boomers out there love
• 28:13
  gold. They they, you know, the off the
• 28:16
  grid preppers, they love gold. They love talking about holding
• 28:19
  precious metals and you know, storing silver and gold when
• 28:22
  silver's been demonetized years ago.
• 28:24
  Gold lost its gold standard a long time ago.
• 28:28
  But I think he's playing on the idea that most people out there,
• 28:31
  they still believe that the dollar is backed by gold.
• 28:33
  Like they still don't understand what is actually going on here.
• 28:37
  And so people still have that old world thinking they haven't
• 28:40
  updated their operating system and they don't understand that
• 28:43
  there is an improvement and it is Bitcoin.
• 28:45
  And so, yeah, people out there are prepping and holding gold,
• 28:48
  but like, what are you going to do, bro?
• 28:49
  Like chip off a little piece of gold to go buy some coffee?
• 28:51
  Like it. It's just, it's outdated tech.
• 28:54
  And if you want to enter the 21st century, then you want to
• 28:58
  be holding Bitcoin. Bitcoin is a superior money
• 29:02
  technology and gold had a good run.
• 29:04
  That's the only thing gold has on Bitcoin is that it's been
• 29:07
  around for thousands of years and and people can very easily
• 29:11
  recognize gold and very easily accepted as something that
• 29:15
  stores value. And this is what we're doing as
• 29:18
  bitcoiners is every 10 minutes, every day that Bitcoin survives
• 29:22
  is chipping away at that 5000 year old time lead that gold has
• 29:28
  on Bitcoin. But Bitcoin is obviously
• 29:29
  superior technology, money. It's superior money technology,
• 29:33
  you know, can be sent basically instantly across the world.
• 29:37
  You can store it for long terms. It's literally doesn't degrade
• 29:41
  in value. It's hard capped.
• 29:44
  It's about to become the hardest money in the world.
• 29:46
  It already basically is. But it's going to solidify its
• 29:49
  position as the hardest money in the world.
• 29:52
  And it's remember, wait, I'm going to I'm going to butcher
• 29:55
  this Nico. But do you remember the Satoshi
• 29:57
  quote where he's like imagine if you will, something that is like
• 30:02
  gold and then it basically becomes nothing and then when
• 30:07
  you want to send it somewhere it's it's like gold again.
• 30:10
  I forget what the code is guys. You can, you can look it up, but
• 30:13
  Bitcoin is just better than gold.
• 30:15
  I love gold. I I like I say all the time, I
• 30:17
  can't wait till gold gets demonetized so I can have a
• 30:19
  gaudy house with gold everywhere and have Mr. T chains, you know,
• 30:23
  all that good stuff. I actually won't do all that.
• 30:25
  But yeah, I love gold. It makes me feel good.
• 30:27
  You know, it's a it's a very conductive element.
• 30:29
  I love it for its utility. But someone said in the chat,
• 30:32
  you know, gold, or rather, Schiff is mistaking gold,
• 30:36
  secondary utility as money. And look, I I think that gold
• 30:41
  should be used in technology. I think gold should be used as
• 30:44
  jewelry. It's beautiful, but it has been
• 30:47
  displaced as money and it is Bitcoin.
• 30:49
  Bitcoin is the superior money technology in the world.
• 30:52
  And hey, you know, shouts out the Peter Schiff like, bless his
• 30:55
  heart, he plays a good role. He's a good actor.
• 30:58
  I love him for it. He's actually kind of hilarious
• 31:00
  sometimes. But I think once you really
• 31:03
  understand what's going on, you understand that he's playing a
• 31:06
  part. Like it's his job to sell gold
• 31:09
  and of course he's going to shit on Bitcoin when US Bitcoin is
• 31:11
  like, hey man, look, have fun with your gold rocks.
• 31:14
  They're they're beautiful. But like, Bitcoin is better.
• 31:17
  The Bitcoin is. He even said himself, well, you
• 31:19
  know, bitcoin's outperforming everything.
• 31:21
  And what $26 like? Wow, man.
• 31:24
  Beautiful games, man. Beautiful games out there.
• 31:27
  But hashtag wrecked. All right, everybody.
• 31:29
  Let's get to the news. We have a lot to talk about
• 31:31
  today. Let's check it out.
• 31:32
  Here we go. The Daily News.
• 31:38
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  get yourself a passport hardware wallet member.
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  Guys, not your keys, not your cheese.
• 32:39
  You want to take self custody of your Bitcoin.
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  After all, self custody is the revolution.
• 32:45
  So go to passport dot XYZ or you can scan the QR code or check
• 32:50
  the link in the video description.
• 32:51
  All right, so today's news. Someone in the comments shift
• 32:56
  single handedly trolling the entire crypto space.
• 32:59
  Completely agree with that. Anyways, so Norway wants to curb
• 33:03
  Bitcoin mining with Europe's first data center regulation.
• 33:07
  Norway has introduced new legislation to regulate data
• 33:10
  centers. While the proposal is not
• 33:12
  explicitly targeted at Bitcoin miners, the sentiment expressed
• 33:15
  by the country's top politicians promises increased scrutiny for
• 33:19
  Bitcoin miners in the country. Here is the Yahoo finance dot
• 33:23
  Yahoo article Norway has Norway has passed new legislation that
• 33:27
  will impose stricter regulations on data centers operating within
• 33:30
  the country. The legislation mandates the
• 33:32
  official registration of all data centers requiring
• 33:36
  information about their owners, leaders and and the digital
• 33:40
  services they provide. Norway becomes the first
• 33:43
  European nation to establish such a comprehensive framework.
• 33:46
  Norway's move to regulate data centers follows the country's
• 33:50
  concerns over large greenhouse gas emissions associated with
• 33:53
  crypto mining. To ASA Asland, Norway's Minister
• 33:59
  of Energy stated that they are not interested in business
• 34:02
  seeking to exploit Norway for cheap energy extraction.
• 34:05
  The primary objective of this legislation is to provide
• 34:08
  politicians with a clear understanding of data centers in
• 34:11
  their municipalities. Asland emphasized that the aim
• 34:14
  is to regulate the industry and have the ability to reject
• 34:18
  undesirable projects. While the legislation is not
• 34:21
  explicitly targeted at Bitcoin miners, it could potentially
• 34:24
  lead to increased scrutiny for them.
• 34:26
  This comes at a time when Bitcoin miners are already
• 34:28
  preparing for the upcoming halving event, which will reduce
• 34:32
  block issuance rewards by half, potentially impacting the
• 34:35
  profitability of mining operations.
• 34:37
  This is the part that I find interesting.
• 34:39
  Currently, numerous Bitcoin mining firms are operating in
• 34:42
  the northern northern Norway, attracted by the regions low
• 34:45
  electricity cost. A report from local media outlet
• 34:49
  Dagas Finn in 2023 revealed that crypto mining firms in this area
• 34:54
  consume nearly as much electricity as the entire
• 34:56
  district of Lufton. While the government does not
• 35:00
  have an exact count of the number of Bitcoin mining firms
• 35:03
  in the country, the new legislation will provide
• 35:05
  valuable information to support Norway's digitalization plans.
• 35:09
  Karine Tung, Norway's Minister of Digitalization and Public
• 35:13
  Governance, highlight the significance of data centers
• 35:15
  that severe that serve beneficial roles, such as
• 35:19
  storage servers, which are considered crucial for the
• 35:21
  country's social structure. OK.
• 35:24
  So we've seen this before, kind of the registration of quote UN
• 35:28
  quote Bitcoin miners of data centers.
• 35:31
  That was something that the Biden administration proposed as
• 35:33
  well. And what's really interesting
• 35:35
  also is a couple things, right, They say, OK, you know, it's
• 35:38
  it's we have to see what the energy use is being used for.
• 35:43
  But if you take a look at the population density in Northern
• 35:48
  Norway, as you can tell, there's not that many people there,
• 35:52
  which is literally the reason as to why the electricity is cheap
• 35:56
  in the 1st place. Most of the most of the
• 35:59
  population in Norway is around Oslo, right?
• 36:03
  So the capital and another thing that I find interesting as well,
• 36:07
  and this is actually an article that we covered when it came out
• 36:09
  many years ago back in 2022. And the article is by Joe Hall,
• 36:14
  Green Oasis for Bitcoin mining. Norway has almost 1% of global
• 36:18
  hash rate thousand name of the article Bitcoin mining in Norway
• 36:21
  is 100% renewable and flourishing quote a green Oasis
• 36:25
  of of renewable energy. Using data from Cambridge
• 36:29
  Bitcoin Electricity Consumption Index and by mapping out the
• 36:32
  mining facilities, the report concludes that Norway can
• 36:35
  contributes .77% to the Bitcoin total global hash rate.
• 36:40
  By way of comp comparison, Norway's population of 5 million
• 36:43
  contribute contributes a 10th of that or .07% of the global
• 36:48
  population Electricity generation by source in Norway
• 36:52
  2021 hydro makes up 88%, wind 10% and other 2%.
• 36:59
  The most important take away for Bitcoin miners regarding
• 37:01
  Norway's electricity mix is that it's fully renewable and will
• 37:05
  stay like that. So I just find it interesting.
• 37:10
  I find it interesting because that was one of the narratives
• 37:12
  that we heard earlier, right about, you know, what energy it
• 37:17
  uses. OK, What energy use is not OK.
• 37:20
  Here's some of the quotes from the No BS Bitcoin article goes
• 37:25
  on to say. Energy Minister Turj Aslan added
• 37:28
  that it is particularly the cryptocurrency miners that the
• 37:31
  country does not want. They are not welcome in Norway.
• 37:35
  We want serious actors who are important to society and the
• 37:39
  society serving computer industry is important to us.
• 37:43
  Bitcoin mining is associated with large greenhouse gas
• 37:45
  emissions and is an example of a type of business we do not want
• 37:49
  in Norway. According to Hash Rate Index,
• 37:52
  Norway is the largest largest Europe's hydropower producer and
• 37:56
  accounts for less than 3% of the bitcoins hash rate.
• 37:58
  So again, I find it interesting that a politician is playing
• 38:05
  dictator essentially and saying Norway does not welcome Bitcoin
• 38:09
  mining. I find it interesting that once
• 38:12
  again a politician is trying to associate Bitcoin mining with
• 38:16
  large greenhouse gas emissions, even though that has been
• 38:20
  rebuked already by Pierre Richard when he did that, that
• 38:24
  video basically rebuking the the New York Times article.
• 38:29
  So this whole thing I find extremely interesting.
• 38:32
  I don't understand it. I don't get it.
• 38:35
  Like, so if 100% of the Bitcoin mining from Norway is coming
• 38:42
  from renewable energies, how does greenhouse gas emissions
• 38:49
  play into that? I don't understand.
• 38:52
  So I I don't think he's being sincere here.
• 38:55
  And then here where it says they're not welcome in Norway.
• 38:58
  We want serious actors who are important to society.
• 39:00
  OK, well, who else is going to buy up all that electricity in
• 39:04
  the north when there's barely anyone there?
• 39:08
  What's going on there? Right.
• 39:10
  Could it be another, another example of a political,
• 39:12
  politically motivated hit job against Bitcoin mining?
• 39:17
  It doesn't make sense. You look at the data, 100% of
• 39:22
  Bitcoin mining comes from renewable energies.
• 39:24
  In Norway, 100%. The vast majority of Bitcoin
• 39:29
  miners are in the north, far away from population centers.
• 39:34
  So WTF? It doesn't make sense.
• 39:38
  It's almost as if it was politically motivated.
• 39:40
  Almost right? Anyways, and we actually covered
• 39:45
  a couple episodes in Norway a while back regarding Norway a
• 39:50
  while back where there are specific political parties in
• 39:53
  Norway like the Green Party and some of the left wing parties
• 39:58
  that wanted to ban Bitcoin mining, they they did.
• 40:00
  They, you know, they tried to pass a law and it that failed.
• 40:04
  And what's what I find interesting is again, like if
• 40:07
  you're a Green Party, you want green energy.
• 40:09
  But if 100% of the energy is coming from renewables, isn't
• 40:13
  that the definition of green? And then that makes you go full
• 40:16
  circle. And it kind of reminds me of the
• 40:19
  speech that Cynthia Lummus made at the Bitcoin Policy Summit in
• 40:23
  Washington, DC. Where she literally claimed
• 40:27
  that, look, I I there's some politicians in Washington DC
• 40:33
  that are just hell bent against this industry because it takes
• 40:37
  away control from them. And I mean, I laid out the data
• 40:43
  for you guys. It doesn't make sense.
• 40:45
  What about all those communities in north, in northern Norway
• 40:49
  where you know, all of a sudden Bitcoin is providing those
• 40:52
  opportunities to that community where perhaps there wasn't any
• 40:55
  opportunities before? You can't deny that Bitcoin
• 40:59
  mining in Norway has definitely employed a lot of people.
• 41:03
  You can't deny that those Bitcoin miners are definitely
• 41:06
  paying taxes to the Norwegian government.
• 41:10
  So how's it hurting the country exactly?
• 41:13
  I don't know. And this is something by the way
• 41:16
  that we saw in Paraguay as well. There was a piece of news that
• 41:21
  dropped last week in regards to Paraguay being anti Bitcoin
• 41:26
  mining. And they they wanted to pass a
• 41:29
  law that would essentially, you know, curb Bitcoin mining, like
• 41:33
  put a 180, a 180 day ban on. It seems like they walked it
• 41:37
  back. But there's something in this
• 41:39
  article, specifically the line that I highlighted, that I think
• 41:42
  is the signal here. So as Paraguay reconsiders
• 41:44
  mining ban in favor of selling excess energy to Bitcoin miners,
• 41:49
  it goes on to say a recently introduced bill proposed A
• 41:52
  sweeping ban on Bitcoin mining. However, the Senators have now
• 41:55
  halted progress on the ban and are considering selling the
• 41:58
  country's energy surplus to miners instead of selling it to
• 42:01
  Brazil and Argentina at low prices.
• 42:03
  Quote Today we approved a declaration whereby the Senate
• 42:06
  of Paraguay supports local and foreign investments in
• 42:09
  infrastructure and urges the the Ministry of the Ministry of
• 42:13
  Industry to study the economic advantages of selling our
• 42:16
  surplus energy to the crypto mining industry.
• 42:19
  A public hearing to debate pros and cons of Bitcoin mining in
• 42:22
  Paraguay is said to be held on April 23rd.
• 42:26
  Quote Bitcoin mining could cost Paraguay more than $200 million
• 42:29
  a year, assuming the country has 500 megawatts of legal miners
• 42:32
  paying $0.05 per kWh and operating expenses.
• 42:36
  Some of the Bitcoin mining industry's representatives have
• 42:39
  already held constructive meetings with the local
• 42:41
  government officials. So again, you know, is it
• 42:48
  politicians doing this for political reasons?
• 42:51
  Is it doing this for political reasons?
• 42:56
  But it seems like Bitcoin miner. At least there was enough
• 42:59
  influence. So this is Bit Farms, a publicly
• 43:02
  traded company here in the US. They had enough influence to at
• 43:05
  least influence the politicians. And what's interesting about
• 43:09
  this here is this keyword right? Paraguay reconsiders mining ban
• 43:13
  in favor of selling excess energy.
• 43:16
  That is the keyword excess energy.
• 43:18
  If that energy was not being used by Bitcoin miners, it would
• 43:22
  go to waste, right? That's where Bitcoin mining
• 43:25
  flourishes. Bitcoin monetizes otherwise
• 43:29
  stranded and wasted energy. Here's the Kingdom of Bhutan
• 43:33
  Bhutan to ramp up Bitcoin mining capacity to 600 megawatts as
• 43:37
  having looms. It goes on to say the planned
• 43:40
  upgrades will increase the Himalayan kingdom's mining
• 43:43
  capacity by 500 megawatts by the first half of 2025.
• 43:48
  Matt Kong, chief business officer at Bitdeer, said an
• 43:50
  interview that would bring Bhutan's total capacity to 600
• 43:54
  megawatts. The capital for this operation
• 43:56
  will be obtained from a FIT 500 dollar, $500 million fund
• 44:00
  initiated by the duo in May last year.
• 44:03
  At that time, they revealed intentions to utilize Bhutan's
• 44:06
  plentiful hydroelectric power for Bitcoin mining.
• 44:09
  Kong anticipates that the fund will be fully raised by July.
• 44:12
  The nation's 500 MW boost will be built on Bitdeer's latest
• 44:16
  hardware to lower cost and improve computing power.
• 44:20
  Both DHI and Bitdeer remain confident that they can keep
• 44:24
  their operations efficient even if bitcoins price falls
• 44:28
  following Bitcoins having. According to Kong, Bitdeer boast
• 44:32
  one of the industry's lowest expenses per Bitcoin mine,
• 44:34
  costing only $20,000 per coin. OK, so I love, I love Max
• 44:40
  Keiser's phrase on here about the global kind of hash rate,
• 44:43
  hash hash race. I completely agree.
• 44:47
  I think, you know, it's interesting to watch.
• 44:51
  It's interesting to watch these local jurisdictions attack
• 44:56
  Bitcoin mining and then metaphorically kind of shoot
• 44:59
  themselves in the foot. And then that creates an
• 45:02
  opportunity because of bitcoins incentive structure for another
• 45:05
  jurisdiction to kind of pull up like, you know, make up where
• 45:10
  the other one kind of dropped the ball, right.
• 45:12
  So you know, what doesn't kill Bitcoin makes it stronger.
• 45:15
  Norway can't ban Bitcoin. It could only ban itself from
• 45:18
  Bitcoin and to kind of rebuke that politician, like you're
• 45:23
  only hurting Norway, you're like, and that's a personal
• 45:27
  opinion, why don't you let the free market do what the free
• 45:30
  market does? Any type of kind of central top
• 45:35
  down approach to this where politicians make a decision for
• 45:42
  a bunch of a bunch of people rather than the free market
• 45:46
  always ends poorly. It doesn't end better, right?
• 45:49
  So kind of interesting. Anyways, Opti, what are your
• 45:53
  what are your thoughts on this brother?
• 45:55
  Yeah well obviously this isn't about renewables and this isn't
• 46:00
  about the best use of energy it's just an attempt at at
• 46:04
  stopping Bitcoin mining and and we've seen this play big
• 46:07
  playbook before So I'm I'm not really surprised at all about
• 46:11
  this and and someone said in the chat which I I'm not I can't
• 46:14
  fully verify but they're like they're they're just doing the
• 46:17
  Fiat playbook and they need the IMF money.
• 46:19
  This is, this is how I see it as well.
• 46:22
  They're just kind of playing the playbook.
• 46:24
  They understand that they can get, you know, good virtue
• 46:28
  signaling by trying to stop Bitcoin mining.
• 46:31
  And even in that, like regulation, the official
• 46:34
  announcement, like they're just regulating data centers.
• 46:36
  So, like, are they Nico, let's let's clarify this.
• 46:38
  Are they going to be regulating AI and like Google and Amazon or
• 46:42
  anything? Or is this just like a wholesale
• 46:44
  cover so that they can kind of skirt the line and be like, Oh
• 46:48
  yeah, this is all about data centers, but really it's about
• 46:51
  Bitcoin mining. Like, like, yeah, they say data
• 46:53
  centers, but then that politician's like, yeah, Bitcoin
• 46:55
  mining's not welcome in the country.
• 46:56
  And like, you know, like it's like like, OK bro and.
• 47:00
  Just talking out of both both sides and.
• 47:02
  And there's been like, there's been like a historical context
• 47:05
  here, right, where, you know, when they, when they attempted
• 47:08
  this a couple years ago, the Green Party in the Communist
• 47:12
  Party of Norway, that legislation failed, right.
• 47:15
  They didn't have enough political support to pass it.
• 47:19
  And again, one of the justifications for the Green
• 47:22
  Party at the time was that, quote UN quote, which is very
• 47:25
  similar to this gentleman's wording, was that, oh, Bitcoin
• 47:29
  is a waste of energy. It's not, you know, it's not
• 47:32
  good for the climate. I mean.
• 47:34
  And I think he's being insincere here when he says that Bitcoin
• 47:39
  mining is associated with large greenhouse gas emissions.
• 47:42
  And as an example of a type of business we do not want in
• 47:45
  Norway, when Norway Bitcoin mining in Norway is 100% powered
• 47:50
  by renewables. So like, you can't just swing
• 47:53
  that around and be like, oh, it's a, it's associated with the
• 47:57
  missions like, but obviously not in your case.
• 48:00
  So it's clearly like a a, a, a political talking point.
• 48:04
  In my opinion, that's what it looks like.
• 48:05
  This is a hit job. But as history has shown anyone
• 48:09
  that kind of does this, they're just shooting themselves in the
• 48:12
  metaphorical foot and they're creating an opportunity for
• 48:15
  someone else in a more friendlier jurisdiction.
• 48:17
  So you know what? No way.
• 48:18
  I mean that's that's. Yeah, I mean, this is really, I
• 48:23
  think like a dying grasp, a dying gasp of them trying to
• 48:28
  continue, like the ESG narratives.
• 48:30
  I understand, you know, it feels good to say like Bitcoin mining
• 48:33
  is bad. You know, we need, we need to
• 48:35
  make sure that we're not taking away people's energy uses when
• 48:38
  in reality Bitcoin is probably the greenness industry, period.
• 48:42
  It's using excess energy. It's not like Bitcoin mining is
• 48:45
  taking energy away from people's houses.
• 48:47
  Like that's completely not what's happening here.
• 48:51
  But really, you know, Anika, you kind of said it and I and I'm
• 48:54
  just just to kind of reiterate, like if Norway, Norway wants to
• 48:57
  shoot themselves in the knees here, metaphorically of course,
• 49:00
  and lose profits. Like you cannot hide from
• 49:03
  economic reality. And if they want to make stupid
• 49:06
  economic moves, then like, so be it.
• 49:08
  We we should encourage them to continue to shoot them in the
• 49:11
  foot and and have fun staying poor and trying to stop Bitcoin
• 49:15
  miners because Bitcoin miners will just leave and find cheaper
• 49:18
  energy. So like, we should continue to
• 49:20
  encourage stupid behavior like this because it'll just show
• 49:23
  that we are right. And hey, if you want to go
• 49:26
  against economic reality, then you will pay the price.
• 49:29
  That's the whole thing about Bitcoin.
• 49:31
  You cannot hide and skirt from the economic responsibility of
• 49:35
  being efficient, of using energy correctly.
• 49:38
  This is, I think the secret of Bitcoin is that once Bitcoin
• 49:42
  gets connected to energy usage or the real price of energy,
• 49:46
  that's when this whole thing switches.
• 49:48
  And this, that's when the game really starts to go into Hyper
• 49:50
  OverDrive, because anyone that wants to stop Bitcoin mining in
• 49:54
  the country, they're just going to get poorer.
• 49:56
  And this is like, this is a great example of what I'm going
• 50:00
  to be talking about later. It's like, look, you guys can
• 50:02
  dig your head in the sand for as long as you want and try to stop
• 50:05
  Bitcoin and Bitcoin mining and Bitcoin businesses in your
• 50:08
  country and your jurisdictions, but you are going to get poorer.
• 50:12
  You can't hide from the economic reality of making good economic
• 50:16
  decisions. So if you want to be stupid out
• 50:18
  there and and and you know virtue signal that you're good
• 50:21
  people and we're we're going to stop what what were they saying?
• 50:24
  Like we need we need good economic actors in the in the
• 50:28
  economy and it's like this is literally what Bitcoin miners
• 50:31
  do. So adding a bow tie onto this,
• 50:35
  like going super tinfoil hat here.
• 50:37
  Like these are absolute lunatics that want to control your energy
• 50:41
  usage. If you pay the price for your
• 50:43
  energy, you should be able to use that energy however you want
• 50:46
  it. It shouldn't matter to these
• 50:47
  people. And that's how you know that
• 50:49
  this whole thing is about them trying to stop Bitcoin.
• 50:53
  They're they're scared and I love to see it.
• 50:55
  I absolutely love to see them be terrified of Bitcoin because all
• 50:59
  we really want is a Ledger that no one can mess with.
• 51:02
  All we want to do is use energy at an efficient, cheap price so
• 51:07
  that we can continue to secure the strongest, hardest money in
• 51:11
  the world. And these people come out and
• 51:13
  expose themselves. It's really the Bitcoin exposes
• 51:15
  incentives, and the more they freak out about Bitcoin, the
• 51:18
  more I'm right. I know I'm right about Bitcoin
• 51:21
  and they can't stop Bitcoin. So hey, if Norway wants to shoot
• 51:24
  themselves in the metaphorical foot here, then Bitcoin miners
• 51:27
  will just leave and their citizens will just be out of
• 51:30
  jobs. They'll just be poor.
• 51:32
  Like, hey, bureaucrats over in Norway, you are literally
• 51:36
  hurting your citizens right now. And you know, have fun doing
• 51:39
  that because you're going to be out of a job, not Bitcoin
• 51:41
  miners. Yeah, right.
• 51:42
  And that kind of reminds me of, you know, governments think
• 51:45
  they're they're going to regulate Bitcoin, but in reality
• 51:47
  it's Bitcoin that's going to regulate governments.
• 51:49
  Anyway, I do want to give a very special shout out to one of our
• 51:52
  sponsors, the Orange Palap. It's important that you stack
• 51:55
  friends who stacks sats. The Orange Palap is the Bitcoin
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  I highly, highly recommend it. Simply Bitcoin has a group chat,
• 52:24
  it's in the video description. It's a great way to reach me and
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  Opti and also every message that you send us, we take the time to
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  go through it and try to reply. To reply to every single one of
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  you guys, download the Orange Pull app today by scanning the
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  QR code or checking the link in the video description.
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  Stack friends who stacks. That's all right, everybody.
• 52:44
  Let's get to the culture. The Daily Culture.
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  All right, Opti, What are we talking about today, brother?
• 53:34
  What is the culture? All right, Bros, so I do have a
• 53:38
  video here for you guys, But first I want to give some
• 53:40
  context here because, you know, I went on we Why are we bullish?
• 53:44
  We were on the floor. Bitlock boom, had a great time.
• 53:46
  And you know why? Why are we always bullish on
• 53:49
  Bitcoin? Bitcoin is love to skirt the
• 53:52
  the, the, the basically the elephant in the room that we're
• 53:55
  all just bullish that bitcoins going to go up forever.
• 53:58
  And I basically said that like the reason I'm bullish is
• 54:00
  because we have absolutely incredible institutional demand.
• 54:04
  We're seeing the halving in roughly 3 days, so less Bitcoin
• 54:08
  going on the market. We haven't even seen retail FOMO
• 54:11
  into Bitcoin. We're seeing Bitcoin talk about
• 54:14
  in all the corporate press and we're barely above all time
• 54:17
  high. So like I said, all that of
• 54:20
  course in the sense of Leah number go up makes us all
• 54:23
  bullish and someone responded like is OPTI really just being
• 54:26
  bullish about price? Well, yes and no.
• 54:29
  It's more the fact that Bitcoin is the scarcest money and now
• 54:31
  people are going to wake up to this fact and yes, number will
• 54:34
  go up in response to this. And so with that being said,
• 54:38
  shouts out to my boy Nolan. He is I think one of one of the
• 54:43
  most clear thinkers in what is actually going on in the game
• 54:48
  and he avoids all the technicals.
• 54:50
  He kind of takes the angle that we take here that this is a
• 54:53
  cultural war, that that this is how we win is by basically
• 54:57
  putting a mirror up to the Fiat world and then showing them that
• 55:01
  things can be better on the Bitcoin world.
• 55:02
  And I watched his podcast with Walker.
• 55:05
  He did a great interview with Walker.
• 55:07
  Highly recommend you guys go watch it because it's great
• 55:09
  insight and I watch his show every morning.
• 55:11
  I I love him and it's like how I get get ready for the show.
• 55:13
  I drink my coffee and watch Nolan in the morning, the
• 55:16
  breakup, and he did this video and this is just a little clip
• 55:21
  of it. But I absolutely love how Nolan
• 55:24
  is able to do it and he gets way spicier than we do, hence why
• 55:27
  he's basically only on Rumble. But I just love it and I'm just
• 55:32
  going to play the video and then I'll rant a little bit.
• 55:34
  So here we go. So we're not fighting against
• 55:36
  people who had better arguments. There's no arguments here.
• 55:38
  We're not. This is not the we're not in the
• 55:40
  field of rational humans. We're not rational.
• 55:44
  We're not rational. We teach, you know, Bitcoin.
• 55:47
  There's numbers everywhere. There's nothing to do with math.
• 55:50
  People say, oh, I love the math of Bitcoin.
• 55:52
  Yeah, it's great. It's what gives us assurance
• 55:54
  that it's true and it's the one data point.
• 55:56
  But truthfully, it is the psychology that it unleashes as
• 55:59
  our advantage, right? The the confidence that we've
• 56:02
  got, the system is what will inevitably bring us to a level
• 56:07
  of of of economic ability to win this fight.
• 56:11
  And that's what we have to do. It's an economic war and we've
• 56:13
  got to be richer than them. That's it.
• 56:15
  We need the bitcoiners, the richest, and all the people
• 56:18
  who've gone in early rich. But that's not really the prize.
• 56:21
  The prize is to decimate the job of Wall Street.
• 56:23
  It's to destroy the financial engineer.
• 56:25
  So we're not fighting against people who had better arguments.
• 56:28
  There's no arguments here. We're not.
• 56:29
  This is not sorry, it looped. It looped.
• 56:31
  OK. The reason I wanted to play this
• 56:34
  is because I know bitcoiners, they love to avoid saying like,
• 56:37
  oh, we're here just for number go up.
• 56:39
  Obviously we all love number go up.
• 56:41
  We all want to live a good life. And with number goes up.
• 56:44
  That also means freedom goes up. If we instill the good Bitcoin
• 56:49
  practices and you can say good in in parentheses.
• 56:51
  There's no right way. It's a free market after all.
• 56:53
  You can do whatever you want with your money.
• 56:55
  I'm not here to tell you what to do with your money.
• 56:56
  But one lesson I've learned recently, and Nolan has learned
• 57:01
  this a long time ago, and we're all kind of coming to the same
• 57:04
  idea, is that most people aren't logical.
• 57:08
  Like, this is where we're at right now.
• 57:10
  If logical arguments for Bitcoin, for Bitcoin worked on
• 57:15
  the normie, then everyone would be a bitcoiner.
• 57:17
  But that's not the case. The thing I've really latched on
• 57:21
  to lately is that most people are emotional and then they back
• 57:24
  rationalize their feelings with mental gymnastics.
• 57:27
  Like this is how humans work. Understand how humans work and
• 57:30
  you'll be better able to spread the Bitcoin signal.
• 57:34
  So again, the logical arguments for Bitcoin are, yes, there's a
• 57:37
  time and a place for this. Like yes, you know, speaking
• 57:40
  facts to people, it's important. But if that works solely to get
• 57:46
  people on the Bitcoin standard, then everyone would already be
• 57:48
  on a Bitcoin standard. But I'm sure you guys go out to
• 57:51
  your friends and your family and you give them all the logical
• 57:54
  facts and you'll you instantly see their eyes glaze over and
• 57:56
  you're like, Dang, I failed once again.
• 57:58
  So I really like this framing of Nolan here.
• 58:02
  Where it's like the best way to win is just for us to get richer
• 58:06
  than everyone. And I know bit corners will
• 58:08
  basically, right? And it's like, oh, you're just a
• 58:10
  number. Go up Fiat Maxi.
• 58:11
  You're you're Fiat Maxi. Oh man.
• 58:13
  Like I'm in it for the tag, bro. And you can call me all you
• 58:17
  want, but I understand how the Normie mine works.
• 58:20
  And for better or worse they respond to you being richer than
• 58:25
  them. If you are more successful than
• 58:26
  them then they will listen to you.
• 58:29
  And I'm a capitalist like I I love capitalism.
• 58:32
  I think capitalism has given us all the great tech and
• 58:36
  innovations of the modern world and it's been corrupted by the
• 58:39
  collectivists out there. But don't be misguided.
• 58:42
  Your favorite collectivist is also a capitalist.
• 58:45
  They just cloak it in some feel good narrative, their you know,
• 58:48
  their virtue sibling that they're a good person and
• 58:50
  they're not a greedy capitalist. And this is another thing that
• 58:54
  I've that I've kind of hinted on recently is that This is why you
• 58:59
  see on the right that most of them avoid conversations about
• 59:02
  money is because they understand that the left has a very low
• 59:06
  hanging argument of oh, you're a greedy capitalist, all you care
• 59:08
  about is profits. What about the little man man,
• 59:10
  Like you don't care about humans and it's like no, like everyone
• 59:14
  cares about money because this is how we survive, this is how
• 59:18
  we have economic activity. This is how we trade things in
• 59:22
  the world. You know, I could go into all of
• 59:24
  the the Bitcoin narratives like coincidence of alliance, of a
• 59:28
  better money technology, of the Byzantine general problem.
• 59:31
  I we can go into all of this. But most people just don't care
• 59:35
  guys. So the reason I want to bring
• 59:37
  this up today, and the reason I think that Nolan is hitting the
• 59:41
  nail on the head, is because we are in an economic war.
• 59:43
  And the best way to win that war is literally by being wealthier
• 59:48
  than everyone else, by you guys stacking sats, by you guys
• 59:51
  making correct economic decisions.
• 59:53
  This is how we get the message across.
• 59:55
  I say it all the time. You are a walking billboard for
• 59:59
  Bitcoin, so you have to get your mind right.
• 1:00:01
  You got to get your body right. You have to become wealthy.
• 1:00:04
  And then not only considering the fact that inflation is
• 1:00:07
  getting rampant, that everything's getting more
• 1:00:09
  expensive. And so to live a good life you
• 1:00:11
  literally have to become wealthy.
• 1:00:14
  Like the millionaire meme no longer even holds its weight.
• 1:00:17
  Like having $1,000,000 in today's society is still
• 1:00:20
  basically meaning you're poor. Like, I think it's 10X by now.
• 1:00:23
  Like a a new millionaire is basically like having $10
• 1:00:26
  million. So.
• 1:00:28
  You need to not get shamed into believing that you are a bad
• 1:00:33
  person because you want money. Everyone wants money.
• 1:00:37
  Only some people cloak this in this feel good virtue signaling
• 1:00:40
  narrative. Like I'm a good person man.
• 1:00:42
  Like I I don't do it for the money man.
• 1:00:44
  I do it for some higher ideological reasons.
• 1:00:46
  It's like no man like go forth and prosper.
• 1:00:49
  This is the way. Get healthy, get rich.
• 1:00:53
  This is how we win the culture over, is by people looking at
• 1:00:56
  bitcoiners and being like, oh, these you guys are the happiest,
• 1:00:58
  wealthiest, most successful people in the society.
• 1:01:01
  And I want to be like this. This is why you need to
• 1:01:05
  acknowledge that it's okay to want money.
• 1:01:08
  Just do it with some morals, Do it.
• 1:01:10
  Do it with some principles. And then we show the world that
• 1:01:12
  we have the superior intellect. We have the superior perspective
• 1:01:17
  on the world. It is of the utmost importance
• 1:01:20
  that you are fit, that you are wealthy, and that you live a
• 1:01:23
  good life. And this is how we market
• 1:01:26
  Bitcoin. All you need to do is save in
• 1:01:28
  Bitcoin, get healthy, get your mind right, get your body right.
• 1:01:31
  And this is how you spread the Bitcoin memes.
• 1:01:34
  Enjoy life more than people on the Fiat world.
• 1:01:37
  Nico says it all the time the the Fiat world is a culture of
• 1:01:41
  nihilism and pessimism, and the Bitcoin world is a world of
• 1:01:45
  optimism, of positivity, of hope, of there is a better way.
• 1:01:49
  There is an alternative to the madness that we are seeing in
• 1:01:53
  the world right now. And the best way to do that is
• 1:01:56
  by enjoying life. So don't get caught up in the
• 1:01:58
  argument or or arguing the facts of the matter like feelings do
• 1:02:02
  not care about the facts and everyone's in their fields.
• 1:02:06
  So of course, us big corners, we love facts.
• 1:02:08
  You know, we have the meme like facts over feelings.
• 1:02:10
  But even when you talk to some bitcoiners, they all get caught
• 1:02:13
  up in their feelings and and no one wants to readjust their
• 1:02:16
  mental point of view of the world.
• 1:02:18
  No one wants to adjust the way they view the world.
• 1:02:21
  They dig in their toes and then they back rationalize
• 1:02:24
  everything. Just understand how humans work
• 1:02:27
  and this is how we win. And you know how you know you'll
• 1:02:30
  be right is because your savings is going up, because you are
• 1:02:33
  getting wealthier, because you're living a good life.
• 1:02:36
  And we said all the time Bitcoin aligned with truth and if you
• 1:02:39
  align with truth you live a good life.
• 1:02:41
  This is why I fundamentally know that Bitcoin is going to win.
• 1:02:45
  Money is simply a scoreboard for your economic output.
• 1:02:49
  If you're broke, it means one of two things to me.
• 1:02:51
  Either you don't provide much to the to the economy, you don't
• 1:02:54
  provide much value or you're financially illiterate.
• 1:02:57
  So like acknowledge that if you are not in the the position you
• 1:03:01
  want to be, it means that you are at fault here.
• 1:03:05
  Yes, there's a bunch of stuff going on out there.
• 1:03:07
  Yes, the Fiat system's rigged against us.
• 1:03:09
  Yes, there's you know corporate talker see out there and
• 1:03:11
  oligarchy that wants to keep you down.
• 1:03:13
  Yeah, yeah that's all. Like, I agree.
• 1:03:16
  But it also means that you are not aligned with truth, that
• 1:03:19
  you're not providing value to your fellow man and you need
• 1:03:22
  resources to survive in the world we live in.
• 1:03:26
  This is a non negotiable. You need to have resources.
• 1:03:30
  So get wealthy, make sure you're providing value, and don't let
• 1:03:34
  people shame you into literally being broke.
• 1:03:37
  This is what we're seeing right now, that we have this whole
• 1:03:40
  meme and in their culture of like equal man.
• 1:03:45
  What is it? Equal output.
• 1:03:47
  Like everyone wants to be equal. Well usually that means that
• 1:03:50
  everyone is equally poor. Like I believe in equal
• 1:03:53
  opportunity. We should all have the
• 1:03:54
  opportunity to try to succeed. But I don't think anyone is ever
• 1:03:58
  equal. We all have, you know, skills
• 1:04:02
  that other people don't have. We all started at different
• 1:04:04
  points in the world. But you have to align with truth
• 1:04:08
  to win. You have to get wealthy.
• 1:04:11
  You have to acknowledge number go up is a thing that number go
• 1:04:15
  up will drive people into Bitcoin and then show them why
• 1:04:18
  number go up leads to freedom go up.
• 1:04:21
  Why number go up will lead to responsibility going up.
• 1:04:24
  Because if facts if the Bitcoin fact memes that would that we
• 1:04:29
  love to propagate actually connected with the normie MPC
• 1:04:33
  out there everyone would be bit corners.
• 1:04:35
  But I know you guys argue with your friends and family all the
• 1:04:37
  time about facts and they never listen.
• 1:04:39
  So it's upon you to get wealthy because this is an economic war.
• 1:04:43
  It is the Fiat world versus the Bitcoin world.
• 1:04:46
  It is not the left versus right. It's the state versus you and
• 1:04:50
  the state hates you. So get rich.
• 1:04:53
  Show everyone around you that yes, I made the right economic
• 1:04:56
  moves and I am wealthy and I'm prospering and life is beautiful
• 1:05:00
  and life is great and you can join us here.
• 1:05:03
  Everyone just wants to live a good life.
• 1:05:05
  So have fun with it, man. Have fun with the fact that we
• 1:05:08
  are correct. Yes, it's going to get darker
• 1:05:10
  before it gets better. Mock the Normie MPC out there.
• 1:05:14
  Mock the corporate press out there, Mock the official numbers
• 1:05:16
  coming out from the from the propaganda media machines.
• 1:05:21
  And enjoy your life to such a degree that it is undeniable
• 1:05:25
  that it's better to live on a Bitcoin standard.
• 1:05:28
  Stay positive, stay wealthy, and win so hard that it is
• 1:05:32
  undeniable that living on the Bitcoin standard is the best way
• 1:05:36
  to live. This is how we win the culture,
• 1:05:39
  and this is how we will continue to win the culture.
• 1:05:42
  Normies only respect one thing, and that is wealth.
• 1:05:45
  They don't care about your morals, They don't care about
• 1:05:47
  your ideologies. So play the game better.
• 1:05:51
  Be successful, Build good companies, Live a good life.
• 1:05:54
  Be healthier, be everything they wish they wanted, and your life
• 1:05:59
  will be a walking billboard for Bitcoin.
• 1:06:02
  We are winning so hard. I absolutely love Nolan coming
• 1:06:05
  out here and saying this very simple meme, guys.
• 1:06:09
  It's an economic war and we got to be richer than them.
• 1:06:12
  That's it. We need big corners to be the
• 1:06:14
  richest. But that's not the prize.
• 1:06:16
  The prize is to decimate the Fiat world.
• 1:06:19
  It's to destroy the financial engineering.
• 1:06:21
  It's to literally attract the smartest and best people to
• 1:06:24
  Bitcoin and build a better world in real time.
• 1:06:29
  And this is how we win. I really like this hold on stock
• 1:06:31
  market, Mike. The best revenge is living well.
• 1:06:34
  This is this is what we're up against.
• 1:06:36
  Guys live a great life and it's going to be undeniable.
• 1:06:39
  So shouts out to Nolan. Go watch Nolan.
• 1:06:41
  He's a lot spicier than I am. But I love this perspective.
• 1:06:45
  Guys. If if and we still have the
• 1:06:49
  Bitcoin meme of like I'm in it for the tech bro, it's like
• 1:06:51
  yeah, we're all in it for the tech.
• 1:06:52
  Because without the tech number go up will not go up.
• 1:06:54
  We we need decentralization. We need the censorship resistant
• 1:06:58
  money. You need to be taking Bitcoin
• 1:07:00
  into custody. We need to defund the swamp as
• 1:07:02
  the meme goes. But the best way to get this
• 1:07:05
  message across is by being successful and wealthy and
• 1:07:10
  living a great life and just showing people our life's
• 1:07:14
  better. It's like that one meme.
• 1:07:15
  You know, to the left Fiat world, it's cloudy.
• 1:07:17
  It's, it's, it's like, you know, it's castle.
• 1:07:20
  It's dark. It's it's negative.
• 1:07:22
  And then the right side is like, oh man, it's beautiful, it's
• 1:07:24
  flowers. Life is great.
• 1:07:26
  We woke up, You know, we've been giving paradise go create.
• 1:07:29
  This is what we have to do. Save the hardest money.
• 1:07:32
  Go create the world we want to see.
• 1:07:34
  And everyone's going to join us eventually.
• 1:07:35
  You don't have to hit them with logic and facts and all this.
• 1:07:38
  I love the logic and the facts, but anytime I talk to an army
• 1:07:42
  they tune out so you're literally prompt engineering
• 1:07:47
  them. As Nolan always says you are
• 1:07:48
  mind hacking them. So continue to hack their minds
• 1:07:52
  by mocking their reality and showing them that our reality is
• 1:07:56
  better. It is the greatest life to be on
• 1:07:59
  a Bitcoin standard and and everyone will learn about this
• 1:08:02
  soon enough. Amen to that.
• 1:08:03
  Amen to that. So just to kind of add to a
• 1:08:06
  little, little bit of a different take, 'cause I, I love
• 1:08:08
  the the optimistic take and, you know, just get your mind right,
• 1:08:13
  get your body right, and that's how we win.
• 1:08:15
  Set an example for others around you, right.
• 1:08:17
  What I got to say is the part where Nolan said this is war,
• 1:08:22
  right? And I 100% agree with him.
• 1:08:25
  This is narrative trench warfare on the battlegrounds of the
• 1:08:27
  Internet. And it's actually I, I came to
• 1:08:31
  this realization kind of thinking about this a while ago.
• 1:08:35
  And I was like, it is about power, right?
• 1:08:38
  So if you connect the thing with Norway and you connect the
• 1:08:44
  attacks by Elizabeth Warren and you hear what Nolan was saying
• 1:08:48
  about the fact that they don't have the truth on their side,
• 1:08:52
  like they don't have, they don't have the arguments, right.
• 1:08:56
  So they fundamentally just rely on coercion and power to get
• 1:09:01
  their way. They don't even, they don't even
• 1:09:03
  bother it anymore. They didn't even try to hide it
• 1:09:06
  anymore. Like the whole Elizabeth Warren
• 1:09:08
  thing where she used a fake Wall Street Journal article to put
• 1:09:13
  pressure on the Treasury so that the Treasury would put pressure
• 1:09:17
  on Fin Cen. The attack on Bitcoin mining, it
• 1:09:20
  has not like the environment is the excuse, like the environment
• 1:09:26
  is the justification for their actions.
• 1:09:30
  And if a normie is not well informed, if someone is not
• 1:09:34
  buying into it, it kind of provides this, this, this air
• 1:09:40
  cover of morality. Oh, we're justifying turning off
• 1:09:45
  toasters because we're trying to save the planet.
• 1:09:50
  But when you look at the facts like these are all, it's all
• 1:09:54
  powered by quote, UN quote, to use your words, renewable
• 1:09:58
  energy. So now we're getting to the
• 1:10:00
  point where politicians are deciding what is what is an
• 1:10:05
  acceptable use of electricity and what is not an acceptable
• 1:10:09
  use of electricity. And that is a very scary world
• 1:10:12
  to be in. Because the moment that is
• 1:10:15
  accepted, right, all of a sudden what happens when they're like,
• 1:10:19
  OK, your washing machine, your car.
• 1:10:22
  If you have an electric car, you can only drive a certain amount
• 1:10:25
  of miles every day because hashtag save the planet, right?
• 1:10:30
  I don't want to live in that world where a bureaucratic elite
• 1:10:35
  that don't play by the same set of rules get to dictate the
• 1:10:40
  rules that everyone else should live by.
• 1:10:42
  That's a really fucked up world. I want to live a free life.
• 1:10:46
  I want to live. I want my children to live in a
• 1:10:49
  free world. So the question that I'm going
• 1:10:53
  to have to pass it on to you guys is Bitcoin or slavery,
• 1:10:57
  right? Bitcoin or slavery?
• 1:10:58
  What world? And I tweeted it out this
• 1:11:00
  morning, I said good morning, 90% of the world's nations are
• 1:11:05
  developing a central bank digital currency.
• 1:11:07
  It's coming and it's coming hard, right?
• 1:11:10
  So I agree with Nolan. I think as time progresses, we
• 1:11:14
  will be richer than the Contilion Air class.
• 1:11:16
  And when we get richer, we'll become more influential, more
• 1:11:20
  powerful. And I can't wait till that
• 1:11:22
  world. But until then, it's our job as
• 1:11:25
  bitcoiners and individuals to really orange peel the people
• 1:11:29
  around us. Wake them up to this reality,
• 1:11:32
  right, This reality. Dick, look, do you want to live
• 1:11:34
  in a Bitcoin world or do you want to live on a Fiat standard?
• 1:11:38
  And all the mechanisms of control and all the things that
• 1:11:41
  you're seeing are byproducts of a Fiat standard.
• 1:11:47
  Fiat fuels collectivism. Bitcoin starves it without their
• 1:11:52
  ability to effectively redistribute wealth via money
• 1:11:56
  printing and via taxation. Specifically the the the money
• 1:12:02
  printing aspect of things right 'cause direct taxation.
• 1:12:05
  You can make the argument OK, people agreed to that.
• 1:12:08
  You know, I have AI have an opinion on that, right?
• 1:12:10
  I don't think it's a coincidence that the Federal Reserve was
• 1:12:13
  established the same year of the federal income tax and the
• 1:12:16
  federal income tax started at 1% and how, you know, Fast forward,
• 1:12:21
  you know 100 plus years later we're at 39% And and then I saw
• 1:12:26
  this like the other day which is like the like the founding
• 1:12:31
  Fathers revolted over like a three or 10%, some like really
• 1:12:35
  2% tax, 2% tax and they were basically making the argument no
• 1:12:40
  taxation without representation. I mean, my argument to that is
• 1:12:45
  where are those taxes going, right.
• 1:12:47
  If they're spending more money than it collects in tax revenue,
• 1:12:53
  trillion dollar deficit spending, that is the GDP of
• 1:12:56
  most countries, just to kind of give you an idea.
• 1:12:59
  And they're spending that. Where is that money coming from?
• 1:13:02
  It's coming via money printing. We keep hearing this on the
• 1:13:06
  legacy media, how well the economy is doing and like woo
• 1:13:09
  Hoo, like it's doing great. However, most people are still
• 1:13:13
  feeling pain. They can't put their finger on
• 1:13:15
  it, right? So this is what Nolan is talking
• 1:13:18
  about. This is the war at hand.
• 1:13:20
  This is narrative trench warfare on the battlegrounds of the
• 1:13:23
  Internet, trying to win over the hearts and minds of the world.
• 1:13:26
  And it fundamentally boils down to power, right?
• 1:13:30
  And it is Party of Orange versus Party of Green.
• 1:13:33
  As time progresses, it will become more and more obvious.
• 1:13:37
  It's a little bit obfuscated right now.
• 1:13:39
  Cash is still a thing, even though they're trying to get rid
• 1:13:41
  of it, You know, so it it's like people are still kind of
• 1:13:45
  conditioned in a way to believe that there is an alternative.
• 1:13:49
  It's not Bitcoin or slavery. Nico, stop being hyperbolic.
• 1:13:51
  There's definitely another alternative.
• 1:13:53
  No, I think that that's where we are in history.
• 1:13:56
  But as time progresses, as governments get more desperate,
• 1:13:59
  as more and more people opt out of the Fiat system and they find
• 1:14:04
  they find safety in Bitcoin, I think like a wounded animal,
• 1:14:08
  that's when governments are going to get more vicious about
• 1:14:11
  the escape, about the exit door. So buckle up, get your seat
• 1:14:15
  belts on. We still have a hell of a ride
• 1:14:16
  in front of us and think we're going to win because bitcoins
• 1:14:19
  incentives beat coercion. Yeah, before we sign off, I want
• 1:14:26
  to respond to a comment. So Keith goes.
• 1:14:27
  I disagree. Logic works, but it too often
• 1:14:30
  loses in the face of non-stop lifelong psyops.
• 1:14:33
  We're agreeing. You're not disagreeing.
• 1:14:34
  We're agreeing 100% here. The reason I say that the and,
• 1:14:38
  and the reason Nolan would also say that the logic, angle, logic
• 1:14:42
  argument isn't working is because the normies out there,
• 1:14:45
  your friends and family are literally brainwashed right now.
• 1:14:48
  They have been psyops so hard that they don't understand what
• 1:14:52
  is actually happening here. So in the face of brainwashing,
• 1:14:57
  the only way to break them out of their mold is not by hitting
• 1:15:01
  them with logic, it's by literally mocking them.
• 1:15:03
  It's by literally showing and exposing to them that they have
• 1:15:07
  ridiculous foundations, that their starting points, their
• 1:15:10
  fundamentals are broken and until you can breakthrough their
• 1:15:14
  brainwashing, you're not going to get anywhere with logic.
• 1:15:17
  This is why you got to hit them with those emotional feels.
• 1:15:20
  This is why you attack their feelings.
• 1:15:22
  This is why you attack their their their fundamentals.
• 1:15:25
  Because the logic goes in one ear and out the other.
• 1:15:28
  So there is a time and a place for logic arguments.
• 1:15:31
  But for the brainwashed out there, For the SIOP people out
• 1:15:35
  there, it's really about winning so hard that it's undeniable and
• 1:15:40
  showing them that everything they believe is absolutely
• 1:15:43
  ridiculous. And I can't believe you still
• 1:15:45
  believe in the main in the mainstream media.
• 1:15:47
  I can't. Believe you still watch?
• 1:15:48
  Fox News or as CN, CNN or whatever, it's showing that they
• 1:15:52
  have been brainwashed because it it's it's never been more
• 1:15:55
  exposed than it is today. And we bring it up all the time.
• 1:15:58
  Ever since that Mike Benz interview, the powers that be
• 1:16:02
  were not ready for the Internet, They were not ready for social
• 1:16:05
  media and they're not ready for Bitcoin.
• 1:16:06
  So you got to show them that Fiat world is clown world, that
• 1:16:11
  they're everything they believe is a lie.
• 1:16:13
  It's all propaganda. Their money is literally only
• 1:16:16
  has value because the government say so.
• 1:16:19
  So you can hit them with logic. You might be beating your head
• 1:16:22
  against the wall. Hit him with the emotional
• 1:16:25
  appeal and then of course, living a successful life, that
• 1:16:29
  is the best revenge possible. Amen to that.
• 1:16:32
  I completely agree with you, homie.
• 1:16:34
  All right, guys, that was Opti. We got to do more Opti cultures,
• 1:16:38
  man, because I love that love. Hit it.
• 1:16:41
  His talking points are excellent and they don't call him St.
• 1:16:44
  Opti for no reason. Opti for President, 2020.
• 1:16:48
  If only it. Were 2020282028.
• 1:16:50
  Damn, I gotta change the law for.
• 1:16:52
  That one us either of us can't run for president, bro.
• 1:16:54
  Hey, but maybe mayor. Opti for Mayor, 2028.
• 1:17:00
  The governor Do I need to be? Governor Yeah, you could you
• 1:17:02
  could run for governor. Alright, Governor.
• 1:17:04
  Opti. Opti for governor?
• 1:17:05
  Opti for Governor Optimus Fields 2024.
• 1:17:08
  Anyways guys, love you all. This was simply Bitcoin Live
• 1:17:11
  April 16th, 2024. I'm your host.
• 1:17:14
  Nico is my legendary Co host Optimus Fields.
• 1:17:17
  He's going to be taking on the host hosting duties.
• 1:17:20
  Thursday and Friday. Friday Adam O'Brien for Bitcoin,
• 1:17:23
  well is going to be Co hosting and on Thursday Sophie's going
• 1:17:26
  to be filling in. So it's going to be a great rest
• 1:17:28
  of the week. I'll be in Nashville doing some
• 1:17:31
  things. But anyways, love you all.
• 1:17:33
  If you guys enjoyed the show, you know what to do.
• 1:17:34
  Smash the like button. Consider subscribing if you feel
• 1:17:36
  like we provided you value. But the number one thing you
• 1:17:38
  could do to help push the peaceful Bitcoin revolution.
• 1:17:40
  Share Bitcoin content, get the message out there.
• 1:17:42
  We went over the culture, we win the race.
• 1:17:44
  Anyways ladies and gentlemen, love you all.
• 1:17:45
  We'll see you tomorrow for Banding episode of Simply
• 1:17:48
  Bitcoin Live. So it was brought to you by
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• 1:17:56
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