Latest / Simply Bitcoin / ATTACK ON BITCOIN FAILS, NORWAY MINING BAN DEFEATED | EP 489

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ATTACK ON BITCOIN FAILS, NORWAY MINING BAN DEFEATED | EP 489 · Simply Bitcoin

0:07
Welcome, everyone. We're simply Bitcoin.
0:09
We break down the news. The daily fail me review,
0:12
software releases Hardware releases and the pleb sites
0:17
joining us today fellow Bitcoin ER and host of coin stories
0:24
Bitcoin podcast. I'm talking about Natalie
0:26
Brunell Natalie. Thank you so much for joining us
0:28
on simply Bitcoin. Thank you so much for having me.
0:31
I'm so excited sweet. All right Nico, we are diving
0:34
into the numbers. Let's do it.
0:36
Another time. Brought to you by Donald they
0:38
make some of the best Bitcoin oats like the no no no joke, run
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your own Bitcoin node you're trusting someone else's.
0:49
That's a big No-No for privacy. So get yourself a novel today at
0:53
the time of this recording, the block height is 730 6240 for the
0:56
Bitcoin price 29,000 490 chain rewrite days. 716 total public
1:02
lightning capacity, 3790 4.34, Moscow time, 33, 91 blocks to
1:09
the having 100 3756 and the samurai Whirlpool unspent
1:15
capacity, Samurai Whirlpool is a coin joint or collaborative
1:18
spend, it is not a mixing service and the unspent capacity
1:22
from that pool is 4675. 19, BTC Nico, the numbers, numbers
1:29
numbers. Ours are looking good.
1:31
Alright guys. So today we're going to react to
1:32
a video. Like we've been saying the last
1:34
couple of months, we are making the case that Bitcoin is going
1:38
mainstream, right? So just to kind of give you guys
1:40
a reference, right? We've seen really in the lot in
1:43
the last year. We've seen Michael sailor, go on
1:46
Tucker Carlson. We saw Marty from Tales from the
1:49
Crypt goes on Tucker Carlson, we had our guest go on Tucker
1:52
Carlson yesterday, right? So this is what we were talking
1:55
about that Bitcoin is seeping into mainstream Consciousness.
1:59
I'm To play a Quick Clip about Natalie going on Tucker.
2:03
I'm only going to play a minute of it, but we'll talk about it
2:06
in a second. So let's check it out.
2:08
Like the broader stock market, many cryptocurrencies have been
2:11
moving downward at high speed, just today more than 200 billion
2:15
dollars. In value was raised from the
2:17
crypto Market overall, Bitcoin fellow was lowest price in a
2:21
year. So why is this happening?
2:23
Exactly. And should you be worried if you
2:25
hold cryptocurrencies now, labor now is the host of The Coin
2:29
stories. Podcast.
2:30
She joins us tonight to answer those questions and I think so
2:32
much for coming on. So, people are watching this.
2:35
Some people feel Vindicated others.
2:36
Feel really worried, what do you make of it?
2:40
Hi tiger will thank you so much for having me.
2:41
Look, we're seeing a sell-off across the board.
2:43
It feels like no one is safe right now and I know that can be
2:45
really scary for people. But at the same time, we
2:47
shouldn't really be surprised because there's been so much
2:50
excess added to the system. You mentioned it earlier in the
2:53
newscast. I mean the federal government
2:54
has been printing trillions of dollars in the last few years.
2:57
They were printing before but it was accelerated.
3:00
As the result of the pandemic and that money had to flow
3:02
somewhere. I'ma stop it right there.
3:04
The reason I want to talk about this guy's right obviously is
3:07
look, again Tucker. Wilson is the second most
3:11
watched TV host. Joe Rogan has 11 million viewers
3:14
average on per episode. Tucker Carlson comes at a second
3:17
place at 3.5 million rights is a big deal.
3:20
Your you're seeing this pushed into you know every day's
3:24
Americans TV screen. Unfortunately.
3:27
Hopefully the people at Fox will not put xrp in the screen or
3:30
talking about Bitcoin, but you know what, it's a good start,
3:34
right? So Natalie, what have you seen
3:36
change because you come from Legacy Media?
3:38
What have you seen Change in the last two years.
3:41
Have you seen more mainstream acceptance of Bitcoin?
3:45
Yeah, well first of all thank you so much and thanks for
3:47
playing that clip. I'm still kicking myself because
3:49
I accidentally said Bitcoin twice instead of Bitcoin and
3:52
crypto, because my mind was moving so fast.
3:54
But, you know, you're right. I'm so grateful to get on that
3:57
show because of how big the audience has, no matter what
3:59
your politics are. We need Bitcoin to get out in
4:02
front of bigger audiences to help people understand,
4:04
especially those that aren't just watching the finance shows.
4:07
And so, for me, it was like, on on my goal.
4:09
To get on that show. And I do see a lot of mainstream
4:13
media journalist. Some of my former colleagues
4:15
trying to understand and maybe dabble they definitely are very
4:19
curious and they write me messages a lot.
4:21
But unfortunately and I was in this category.
4:24
We do not have enough financial literacy in this country so that
4:27
we create a an industry of journalists that are
4:31
knowledgeable enough to ask the right questions and to really
4:33
understand why this technology is needed before Bitcoin, I did
4:37
not know what money printing was.
4:38
I didn't. The history of Fiat.
4:40
I really didn't understand how it caused a lot of the problems
4:43
that I was documenting. And that I had experienced in my
4:45
own life with my family and it was Bitcoin.
4:47
That was the Catalyst for me, learning that.
4:49
So, I'm trying to encourage my former colleagues and it and the
4:53
industry at large to just really take this seriously and and
4:56
learn about it. Don't just grab onto the fud
4:59
headlines and spread them because they're misinformed,
5:01
they're not correct, they're not accurate.
5:04
And the last thing I'll say is one of the reasons why
5:06
ultimately was kind of feeling jaded and frustrated by my
5:09
former career. Eric is, I went into it thinking
5:11
that journalism is very Noble and and it held the people who
5:16
are in power accountable held their feet to the fire, which is
5:19
something I wanted to do. Because I entered the industry
5:22
right after the financial crisis, when my family lost
5:24
everything, I wanted to hold those people accountable and
5:27
over just the last even 10 years, I saw basically new
5:31
stations news news, outlets major ones, regurgitating,
5:34
whatever it was that the White House said or federal agency
5:36
said, as if it was fact, nothing checked, it was just like poop
5:39
this As fact, because some someone in the White House said
5:41
it and that was really frustrating for me as well.
5:43
So I hope there's change that happens but it's slow as you can
5:46
see. Absolutely, I'm actually hopeful
5:49
about the internet and the rise of and brides and popularity of
5:52
independent creators rather than the Legacy institutions.
5:56
I think the Legacy institutions have been captured but not only
5:59
one last question to you is, why is why is, and this is very
6:04
troubling and you see this in the political realm as well.
6:08
It's only right wing channels. Unfortunately that are covering
6:11
Bitcoin in a positive light. If you see the guardian, if you
6:14
see the New York Times, right? Just to give you a couple
6:16
examples, there always covering Bitcoin as if it's a bad thing.
6:20
Do you think that's malicious or do you think that you know, the
6:23
what you are saying is that these people are not informed?
6:25
What are your thoughts on that? Yeah I really think it's because
6:28
the left does not understand Bitcoin and so they're not
6:31
embracing these fundamental principles that I think are so
6:34
important to their party and to their voters like you.
6:37
Banking the unbanked, providing Financial inclusivity, the
6:40
opportunity for a wealth transfer, the opportunity for
6:43
people like Millennials and retirees, to be able to plan for
6:46
their future. They just don't understand it
6:49
yet. And I think that there are
6:50
efforts being made, especially with with really great
6:53
bitcoiners, the, the folks that wrote like the Bitcoin in the
6:56
American dream, which was a great book and they're trying to
6:58
get it in the hands of every policy maker.
7:00
But yeah, there needs to be a lot of work done.
7:03
And I think the reason that the right has sort of latched on is
7:05
because when you first learn about Bitcoin there, there is
7:08
really this big focus on moving away from centralized
7:11
government, like a distrust in big government.
7:13
And really, I mean, when you compare the two parties, one
7:18
wants a little bit bigger of a government that steps in and
7:20
intervenes and provide stimulus and all of that.
7:22
So, I think that is like, that initial hurdle.
7:25
But, you know, again, there's so many misinformed headlines out
7:28
there so I just, it's sad to see because there was that great
7:31
article put out by. I think, a recent college
7:33
graduate from Boston stuff. I think her name is Stephanie,
7:36
something she wrote. An open letter to Senator Warren
7:39
saying why Progressive should embrace Bitcoin, and I think
7:42
everyone should read that because both sides should love
7:44
Bitcoin. It's a political.
7:46
Absolutely, we, totally agree. We have progressives on the show
7:49
all the time. Filled you have any closing
7:50
thoughts before we move on to the next segment?
7:53
Yeah, I just from everything you said, would you say that
7:57
financial literacy is the biggest hurdle to bitcoin
8:00
adoption, honestly? Yes, because I learned about bit
8:05
coin in 2017 and didn't fully appreciate it.
8:07
Until I Read books, like the Bitcoin standard which made me
8:09
literally study and analyze and understand the history of Fiat.
8:14
How the Federal Reserve was created how money printing
8:16
works, like how we're in this system of credit and endless
8:19
debt. And so I basically had to
8:20
unlearn what I knew and my, you know, my parents came here, I'm
8:23
first generation, but they made sure to move us to a school
8:26
district where I would go to a good public school.
8:29
I went to good universities and I never learned this stuff.
8:32
So clearly we have like a fundamental institutional
8:34
problem. We're on a national level
8:37
people. Are not really learning other
8:39
economic theories other than the inflationary Keynesian model
8:42
which who knew what Kingsley and like economics was unless you
8:46
got into Bitcoin. You're right so so yeah I think
8:49
there's a major problem and I would love to see education
8:52
change to your point. You know, it was explained to us
8:56
growing up very matter-of-factly like I remember sitting in grade
8:59
10 economics and it was just simply explained, oh, well, the
9:02
current monetary model that we use is Keynesian and you know,
9:05
this is the story, you know about About John Keynes.
9:08
And here you go and that's it. There was no debate.
9:11
I had never heard of Austrian economics.
9:14
I never heard of mises Institute heard of any of these things.
9:18
No, I know you're basically like brainwashed.
9:21
So just think that whatever we've been doing is the right
9:23
way and it's hard for people to break patterns once they're like
9:26
cemented, deepen us. You know, I think that's why
9:28
people have such a hard time questioning.
9:31
The fact that, you know, maybe our economic system is not the
9:34
best one. I know where the global Reserve
9:36
currency and all that, but hey, That could potentially even
9:38
change. So I don't know but it's hard
9:41
for people to question what they're really comfortable with.
9:44
Absolutely Phil it's time for the daily fail brought to you by
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9:55
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10:02
Plans, instant purchases, they've got an app coming out.
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The link is down below, I don't really know.
10:07
Know what happened last night, but I honestly feel like the
10:12
social attack on on bitcoin has just picked up a notch and it's
10:17
just gotten a whole lot creepier.
10:19
Why am I saying that? Because of today's fails, we are
10:22
going to dive into this right now.
10:25
Let's go take a look. First one, former metal lead
10:29
launches Bitcoin lightning company, lights Park and I know
10:33
people may have mixed ideas about this but I'll tell you why
10:36
I think this is a fail. Should we go through it?
10:39
So here we go. David Marcus, Facebook
10:41
Messengers, former lead and previous PayPal executive
10:44
announced, the creation of Light, spark a company focused
10:48
on building exploring and creating on Bitcoins.
10:51
Lightning Network. All right, well, sounds good,
10:55
right. Sounds like people are joining
10:57
the ecosystem, while details are sparse on the products and
11:00
services to be offered by light spark a list of investors was
11:03
provided for the company's first round, which included thrive.
11:07
It'll CO2, Felix Capital rivet Capital Matrix.
11:11
Partners Z Ventures, a 16z and Paradigm.
11:16
Now, for the people who don't watch our show, or haven't
11:19
watched it before a 16z, is the VC firm that funds.
11:24
The majority of the shit, coining, they funded Open Sea,
11:26
they funded Solana, they funded definity and a whole bunch of
11:30
other projects. You guys can go check out their
11:31
website so that right there makes me not so happy.
11:37
This is credited with co-creating, the stable coin
11:40
project, DM formerly known as Libra, that was eventually
11:44
cancelled by meta due to regulatory pressure.
11:46
So he's credited with two projects that never actually
11:49
took off the ground, okay? So not that it really matters
11:53
but sorry, you know, like you never actually built something.
11:56
That worked not that. That makes a difference in this
11:58
case, but now you're just going to go and build on Lightning.
12:00
Okay, fair enough. Good luck with that.
12:02
I just don't really like your backers.
12:04
That's kind of my point. Now, the other piece to this.
12:06
Is this right? There really isn't much
12:08
information as he said on what they're doing.
12:11
And when you go to click on the team and you go to the, their
12:14
LinkedIn page, it doesn't actually pull anything up about
12:19
the team. Click on people, see Susie where
12:22
it says people job. Yeah.
12:24
I know. But this is zero employees.
12:26
Yeah and then there's just people I may know it's you and I
12:31
mean obviously there's there's David Marcus, right?
12:33
So there really isn't much about it and I just want to leave
12:36
people before we move on. Of the the bigger part of the
12:38
fail because believe it or not, it actually gets it actually
12:40
gets worse than shit Corners. Trying to build on Lightning.
12:43
I'll leave you with this thought from Eve over here I love
12:46
Bitcoin by my shit. Coin lightning Network addition,
12:50
then they fight you takes many forms.
12:53
And here's a tweet screenshot of a tweet from David Marcus, I
12:56
wanted to share that we're starting a new company called
12:58
lighting spark to explore build and extend capabilities on
13:01
bitcoin. And then down below, we're
13:03
thrilled to be joined by like-minded investors notably.
13:08
A 16z and Paradigm. And those are two of the biggest
13:12
shit. Coin houses that there are shit
13:13
coin, VC, firms. So, don't get me wrong, I can
13:17
appreciate, I can be objective and say, hey, it's really great
13:20
that you guys are deciding to build on Lightning.
13:22
But already, as bitcoiners we trust and don't verify nobody
13:27
trusts you like right out of the gates, you're just a scammer
13:31
right from the start. So anyways, Natalie, what are
13:35
your thoughts before we move on to Niko?
13:38
You know what I even though it's really sad to see people's life
13:42
savings. And then this whole Luna Tara
13:43
thing. This week, the thing that I
13:45
loved in the thing, I think that this week highlights within
13:47
Bitcoin and what your kind of pointing out to is, this is the
13:50
most free market capitalist. Akin to tree that exists, you
13:53
know? And so that means that risk is
13:56
rewarded. And it's also punished, which is
13:58
what we don't allow to happen in the Fiat system, which is our
14:00
biggest problem. There are no consequences and so
14:02
as the tide goes out, we see what actually has real value.
14:06
And so I'm a huge believer in free.
14:07
It's you know what, go make whatever project you you want to
14:10
make, but you might, you know, be caught with your pants down.
14:13
So I think that we need to allow for a system in which things
14:17
that are meant to fail fail. And so I'm curious to see how
14:21
some of these things play out. You know, I want to also be
14:23
hopeful and optimistic. Maybe there's a turn around and
14:26
people who used to shit coin and all of a sudden they believe in
14:28
Bitcoin. Because, you know, there are
14:29
actually a lot of people in the space that did go on that
14:32
journey of shit coining and then ultimately end up in Bitcoin.
14:35
But we just, I think I urge people caution when in Vesting
14:37
in this, do your homework. Know what's behind it.
14:40
Know what you're investing? And know the risk because
14:42
Bitcoin is obviously very different.
14:43
And when Luna Tara thing happened, guess what?
14:46
We saw everyone's rushing to do Kwan's Twitter page.
14:48
What's he gonna do? Is he expecting?
14:50
Is he gonna save it? No, CEO of Bitcoin.
14:53
You can't go to see how my calling that's the best part.
14:55
So I just I urge people caution, you know?
14:58
Yeah, it's so funny. The similarities between, you
15:01
know, like if you zoom out right and Central Banking whatever
15:04
it's like lets you know, let's look to this person to save us.
15:07
Look to this person to bail out right at the similarities are
15:10
striking. But yeah, Phil I'm suspicious
15:13
dude, I don't think a 16c or Paradigm would get involved if
15:17
you know, there wasn't some token and when he said utility
15:20
does this mean utility token, right?
15:22
So I'm suspicious, I don't trust this guy but like Natalie said,
15:26
I think most bitcoiners started should coining rightmost
15:29
bitcoiners that. I know they got in through shit
15:31
coining. They burnt their finger right
15:33
and then they, you know, they realize what is the true king?
15:36
So I don't know, man. I'm just I'm cautiously up
15:39
suspicious. I let me Smash the optimistic we
15:43
got burned. Right, we've explained it many
15:45
times. You know, we should coin god
15:46
burned and got wrecked and learned, right?
15:49
That Bitcoin is. The Bitcoin is the king for a
15:52
reason. But, yes, we are very, very
15:55
cautious about a 16z and Paradigm.
16:00
I think they're the evil villain in all this man.
16:03
They're definitely part of the group of evil villains, right?
16:06
So speaking of me, Villain fill. The next fail is some pretty
16:10
evil stuff, bro. Yeah, the next one is the next
16:13
one's really bad this dropped last night and I'm just, I'm
16:18
just in shock. This is, this is crazy.
16:21
All right, here we go, Natalie. I don't know if you saw this
16:23
yet, but we are going to dive into this.
16:26
Here we go. Clint Ehrlich, let's take a look
16:28
at this CEO of K. RN c-- or pronounced currency
16:34
lawyer former visiting researcher at MG is Mo
16:37
University, featured, Washington, Post coin desk, pop
16:40
MEK Fox News, State Line. There you go.
16:42
All right. So what is he talking about?
16:46
The US government has been paying me to build a replacement
16:49
for Bitcoin and etherium, but, see the hubris that they're just
16:54
gonna build a replacement for it?
16:56
I think, because they don't understand when we're just gonna
17:00
build her anyways. It's called K, RN c-- and it's a
17:03
protocol that upgrades. The US dollar.
17:06
Here's a thread on how it Works and how it could increase the
17:09
value of the dollars in your bank account about to get sold
17:14
people. We are about to get sold, it's a
17:16
very long thread. We've included it in the show
17:18
notes so people could dive through this whole thing but I
17:21
just took out some juicy parts that I you know what, I don't
17:25
usually Pat us on the back but as plebs we freaking called
17:29
this. Okay.
17:29
We called this a long time ago that they would start to attack
17:33
Bitcoin in this way. What am I talking about?
17:36
Here we go. Big a coin doesn't do anything
17:38
to protect the value of people's existing Bank deposits.
17:42
It's actually a threat to them since it's a competitor, if your
17:47
savings are in u.s. dollars and Bitcoin replaces the dollar,
17:51
then your savings will be destroyed.
17:54
That's right. Bitcoin is the reason why the
17:58
money's being destroyed, okay? It's not falling apart because
18:02
of inflation and competent monetary policy handling, none
18:06
of that. This is Bitcoins fault.
18:09
We called This months ago. Hold on.
18:14
Next one, one of the main arguments arguments of this
18:17
currency is that the early adopters of Bitcoin control the
18:22
majority of the network, which as we know Bitcoin is not a
18:25
proof of stake system, it is a proof of work system so it
18:28
really is irrelevant to the security of Bitcoin how much
18:33
anyone actually holds but take a look at this.
18:35
Okay, this is another tweet from Clint.
18:37
In fact, it'll be in your interest to join K.
18:40
RN c-- early. Even though he blames Bitcoin
18:43
for this early adoption because you'll be able to earn extra F
18:46
USD unlike Bitcoin K RN C doesn't rely on mining for
18:51
consensus. If you own F USD, you can stake
18:54
it with a block producer who will pay you for loaning the
18:59
necessary assets? So they are literally recreating
19:01
the exact same shit coin, that already exists.
19:06
Okay, and this is the kicker. This is the this is the kicker K
19:10
RN C is. Not controlled by the US
19:13
government. By the government R&D was funded
19:15
by the US National Science Foundation but it's a private
19:19
project. I want I want everyone to think
19:22
about this, do you? Like does anybody really think
19:25
that this is going to replace a completely free and voluntary
19:29
system like Bitcoin? This is nuts.
19:32
This is completely insane. Okay, let's go take a look at
19:36
their website. This is the craziest thing I've
19:39
seen so far. Look at this thing.
19:41
Buy Bitcoin, upgrade the money. You already owe others have
19:45
claimed. It's a pyramid scheme to talking
19:47
about Bitcoin in truth. It's something even more
19:50
dangerous and technological innovation.
19:53
That could make all prior money obsolete, that's great news for
19:57
the early adopters of Bitcoin. But bad news for the billions of
20:01
people stuck with old money. But you just chilled people to
20:06
be early investors in case. It doesn't matter, pyramid
20:10
schemes collapse because Nobody can be forced to join the bottom
20:13
layer yet. The early adopters of Bitcoin
20:15
are betting that they can force the rest of the world into that
20:19
position. Using the technological
20:21
superiority of their money. They already control 85% of all
20:27
the Bitcoin that will ever exist and they want to force you to
20:31
buy it from them. Look at this narrative Nico.
20:34
Like guys are like Natalie, have you ever seen anything like
20:37
this? This is one of the funniest
20:40
things I think I've ever read. In fact, I'll I just tweeted at
20:45
clay. I retweeted that early post
20:47
saying, the US government was paying him to build a
20:49
replacement, and I just said, hey, Clint you don't understand
20:52
Bitcoin but we're here to help when you're ready.
20:55
This guy's a lot of scammer. Okay.
20:59
And I totally agree and just to finish it off.
21:01
I had to go and take a look at their technological, quote,
21:04
unquote, white paper. We're obviously not going to go
21:07
through it because It would just take forever, but I just want to
21:10
point out. It's in the show notes, it's 104
21:13
pages of intellectual masturbation.
21:16
I mean no joke that the white paper is nine pages the Bitcoin
21:20
white paper is nine pages. How to me, all I see is
21:23
marketing that that's all I see is they are trying to Market you
21:27
like the fear that this coin is trying to produce and and the
21:32
hubris to just assume that, hey, you know what, we're gonna build
21:35
a rat. We see that Bitcoin fixes stuff.
21:38
So we're just going to build the replacement for it.
21:40
This is scary and we called it. We said that they we called that
21:45
they were going to blame Bitcoin for the destruction of the value
21:49
of current money. But we all know that this has
21:52
nothing to do with Bitcoin. It was being destroyed four
21:54
years. We've shown the charts a hundred
21:56
times. Anyways, that's it for currency
22:01
dude. It's crazy to what lengths
22:03
governments will go to to try to remain in control and have that
22:07
ability. To manipulate their populace
22:09
through monetary policy manage. It's just it's absolutely
22:12
dystopian. And, you know, the, the, the the
22:14
page count is funny because the Central Bank digital, sorry, the
22:17
FED released, you know, there was a tweet and they said, look,
22:21
you know, this is our initial CB D c-- paper and that paper was
22:25
39 pages, right? So what's up with these shit
22:28
coins and just they're just more complicated, they have to just
22:33
sell you the sizzle something that we always say.
22:35
But like I always say, I think Some more powerful than
22:39
coercion. And I think Bitcoins incentives
22:41
are going to win here, but it doesn't mean they're not going
22:43
to try anyways. Natalie, what are your thoughts?
22:46
Yes. Of course, they want to maintain
22:48
their Monopoly on power which sort of expected this to be a
22:51
battle, right? Meanwhile I bet they're
22:53
secretly. If they know if they really
22:55
understand Bitcoin, they're secretly accumulating it for
22:57
their own stashes. But now it's really funny.
23:00
Actually what you pointed out about, you know, the length of
23:02
these. Do you guys remember in college,
23:03
when you had to hit a certain word count or something?
23:06
And you just like the sitting through the thesaurus, Like just
23:09
try try to say the same thing 20 times.
23:12
I'm actually I'm really grateful for my news career because I had
23:15
to do the opposite. Always, it was always like you
23:17
have to squeeze it in a 90 second.
23:19
So, like, take out the word, take out the word, take out the
23:21
road. So I'm much more, you know, of
23:23
the, of the, the schooling and belief of Satoshi Nakamoto say
23:26
it is simply T TD L too long. Tldr.
23:30
Yeah, that too long didn't read, won't read whatever they put out
23:36
on that, so yeah. Simple is better, right?
23:39
Simple is better when it comes to money and it's something that
23:42
we've always said, have you noticed that some of the like
23:45
specially like with, you know, the financial crisis 2008,
23:48
right? Nobody knew what the fuck, a
23:51
credit default, swap was, right? Like it, and if you've read
23:54
about it, you're like, it's so complex.
23:56
They do that on purpose. Like, I don't think money needs
23:59
to be that complicated, right? They would just like, you to
24:02
believe, right? That it's very complicated than
24:04
kind of tie this into what we are talking about in the number
24:06
section, right? There's no Financial education,
24:10
right? I'm a look, there's no
24:12
conspiracies but there's no coincidence.
24:14
That's all I gotta say. That's all I gotta say.
24:16
Yeah, well I know any time that one of those like infrastructure
24:18
bills come comes out or any piece of government, you know
24:21
it's like you have to read hundreds of pages and you know
24:24
that the staffers and these congressmen they didn't go
24:26
through all of it and they hide stuff within random paragraphs
24:30
like 600 pages in and it's like it's super frustrating.
24:33
I forgot how many pages that Obamacare Act was but it's like
24:36
no reporter read that as they were coming.
24:38
Out and had to you know share the news of people so I agree.
24:42
Simple short is better. Simple short as better Phil oh
24:46
no I was just gonna say didn't read not selling.
24:51
Exactly. But anyways Phil it's time for
24:54
the daily meme review brought to you by Citi that's when you
24:57
want. They make the best Bitcoin
24:58
cultural Xena stories articles Comics by actual bit bitcoiners
25:02
is the artwork for volume 10. And this is the artwork for
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volume 11. It just came out and they're
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There's only 1000 physical copies made per volume, get your
25:11
prints of Seville 21 today before they run out.
25:13
All right. Everybody first meme is by Swan
25:16
Bitcoin let's check it out Bitcoin meme of the day and the
25:18
world's going to shit me buying more Bitcoin highly accurate
25:22
like it alright Moving On by honk Hogan buy Bitcoin.
25:26
Only Maxis right Terra Luna rug pull moving on moving.
25:31
Oh my God, this is Savage. Okay, so give you guys a little
25:35
bit of context. This is Mike novogratz, you got
25:37
it. Luna tattoo.
25:39
I hope he gets that removed. Is this some Cosmic Justice?
25:43
That tattoo isn't even three-month know it sucks.
25:45
Roughly five months old. I feel bad for Mike.
25:49
I feel bad for Mike. That's all I gotta say.
25:51
Moving on but dr. Bitcoin MD, if you thought that
25:55
was entertaining, just wait until the etherium Ponzi
25:57
implodes. It will be spectacular.
25:59
Not too long now and it's an engine on fire.
26:03
All right, moving on next one. Bye hon.
26:04
Cogan, we already have one Bitcoin for him.
26:07
Let's put His inheritance in the most precious asset on the
26:10
planet. Thank God, my parents aren't
26:11
degenerate shit Corners. All right, Bitcoin aider when
26:16
shit Corners get rekt, I will never buy Shekinah.
26:19
And this is what we were saying about earlier, right?
26:21
And most people, they go, they become Bitcoin Maxis, because
26:25
they burnt their finger, right. When was that for us?
26:27
Well, I got into Bitcoin like 2016.
26:28
So that for us is like, 2017, 2018 was brutal.
26:32
We learned our lesson. We want Bitcoin only.
26:33
All right. Next one, but Bitcoin shirt
26:36
dotnet bitcoiners explaining what's What?
26:38
It's like to hold want to know how I got these scars, very
26:41
good, very good that last but not least by a friend of the
26:45
show, Jeff Ross, meme of the year, who do we trust and Daquan
26:48
Luna holders, who do we trust italic beauty or and hold a
26:51
theory of holders. Who do we trust dollar
26:53
proponents? The Federal Reserve, who do we
26:55
trust bitcoiners? No one.
26:57
Yeah, Jeff very, very good me man.
27:01
Okay. All right.
27:02
Phil for those memes, I mean, a very, very special swore.
27:05
I'm going to give it the non mint Bitcoin lat.
27:08
I go. It's the Bitcoin roller coaster
27:09
guy. Yeah.
27:11
Yeah. You opened your life that I
27:15
built it, bro. And instead of Lego says,
27:17
Bitcoin attention to detail, anyways.
27:19
Phil, what would you give those memes?
27:22
I just want to point out - still in the box and I still have the
27:25
tape, so it. Yeah, it really hasn't been
27:27
open. Anyways, it's just pointing that
27:29
out. I am giving it this fantastic.
27:32
Fantastic. Swede Toshi.
27:34
Original sticker. That's right.
27:38
Very nice anyways, Natalie what would you give those memes?
27:42
I'm gonna do, I'm gonna give this almog because the owl
27:45
stands for wisdom and especially that last one that was a very
27:48
wise wise meme. What is that?
27:51
What is the owl noises? Cool, something like that.
27:53
Yeah, anyways guys, we want to know if you agree with those
27:56
scores. Look, if you disagree, let us
27:58
know down in the comment. Make sure to subscribe to us on
28:00
alternative video platforms like, Rumble.com, and our
28:03
personal favorite Bitcoin tv.com.
28:05
And join our telegram group where you can link us some
28:07
awesome memes to You. But anyways so it's time for the
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28:28
All right, guys, we covered this when it came out, right, here's
28:31
a dying. Institution, trying to hold on
28:34
to power Argentina's. IMF bailout deal includes a
28:37
while. Wild Clause that rips
28:40
cryptocurrencies that came out. March 18, 20 22, they followed
28:45
up. This came out May 5th.
28:47
Argentina, Central Bank bands lenders from offering crypto
28:50
Services the announcement on Thursday afternoon.
28:52
Comes after the IMF month, approved a 48 billion, 45
28:58
billion, loan facility for Argentina, the stipulated the
29:01
country would discourage the use of cryptocurrencies.
29:04
And what's unfortunate about this is that Argentina's
29:06
inflation rate is Highest in the world is annual inflation rate.
29:10
Hit fifty, five point one percent.
29:13
So in a country that needs Bitcoin, the most better set in
29:17
a country where individuals need Bitcoin, the most here comes the
29:21
IMF, which supposedly right is meant to help people, right
29:26
holding the country hostage. So that the IMF could remain in
29:30
power, absolutely crazy, right? And again, you could have said,
29:34
you know, you could have given them the benefit of the benefit
29:37
of the doubt. Lee.
29:38
But right when El Salvador made Bitcoin legal tender, what did
29:42
the IMF say when the Central African Republic Made Bitcoin
29:46
legal tender? What did the imf's?
29:48
A obviously, these people are more concerned about power and
29:51
control. Of course, there's no way to
29:52
know that, but it sure looks like it than helping people.
29:56
Anyways, Natalie, what are your thoughts?
29:59
Yeah, I mean I always hate these kinds of headlines.
30:01
It makes you really dislike everyone who's in the IMF,
30:03
right? I think that there was an
30:05
episode that Peter McCormick did with Jack Ma.
30:08
Or so where it made me feel hopeful because I think Jack
30:11
spoke in front of IMF officials. And there were some that were
30:14
curious and kind of told him, you know, behind the scenes
30:17
like, hey, can you, can you help us really learn this.
30:19
But look at these headlines coming out.
30:21
I mean, that's not going to help a nation that's suffering from
30:23
hyperinflation. I've actually known some
30:25
Argentinian people that literally they have to go around
30:30
the government and try to, you know, either get money from the
30:33
country. Like literally they will fly
30:34
there in order to take money out or help their relatives there.
30:37
R and they can't I think they can't like purchase things like
30:40
iPhones there. So you have to fly in and then
30:42
you set, you can sell iPhones at an extreme premium.
30:45
They have all, they basically are just trying to control their
30:48
busted up destroyed monetary system and its really sad
30:51
because I think that at least giving people the option to
30:54
transact with Bitcoin, you know, obviously people are outside of
30:58
the government but if they gave people some more options, I
31:00
don't think that they would be, you know, promoting such a
31:04
struggle and challenges to its citizens.
31:07
But the I am. Is going to be one of our
31:08
biggest biggest battles to fight, I think.
31:11
Yeah, absolutely. I also recommend reading this
31:14
book and it will make you change your mind about the IMF and I
31:17
also recommend reading the creature from Jekyll Island and
31:19
you will definitely not look at the IMF, the same way.
31:21
But anyways Phil what are your thoughts on this more?
31:25
More slavery through the Legacy Financial system?
31:28
So they want, yeah. The you know what?
31:31
It seems like it right. It seems like, that's what these
31:33
organizations want. But as you, you know what I
31:35
mean? As, you know, and as we've
31:36
covered their, it's really all about.
31:37
About the power and the control, right?
31:39
They these institutions know better, the bankers know better
31:44
how to rule the world and how to administer the money as they
31:49
think. But look at the end of the day,
31:51
the IMF right there, made up of people, we're all just people
31:54
and the incentives to bitcoin are just Superior.
31:57
So as a result, right, even though they're a part of this
32:00
body, this, this organization, these people go home and like
32:03
Natalie alluded to write these people went and spoke to Jack in
32:06
private or, you know, so, Was explained and and they were
32:09
curious because at the end of the day, they're like, wait a
32:12
second, this is better money. Like I may get a big paycheck
32:16
from that, you know, of this money that is garbage, and it
32:19
may still facilitate my life, but these people don't get me
32:22
wrong, they still think of their kids, they still think of their
32:24
future generations and deep inside there.
32:27
Like, all right, I should, I should get to know this, you
32:30
know? So again, these are the, these
32:32
are bitcoins incentives. You know, they can't.
32:34
This is what, you know, this, what Alex said yesterday, you
32:36
know, you can't separate you. No the the freedom from Bitcoin
32:40
and these people, even though they're part of these
32:41
organizations they're still humans and Bitcoins incentives
32:44
win. Yep.
32:45
One. But that doesn't mean that
32:47
they're going to, you know, go gently into that good night and
32:49
of course in they're going to try to the very last minute to
32:53
try to hold on to power anyways. More development on this, right?
32:56
There's a social and political attack on bitcoin, right?
32:59
We covered this, when it came out, right?
33:01
And at em EPS, that's weird. I don't know.
33:04
European politics, anyways, vote against European Bitcoin.
33:07
And so the Europeans right? Some parties in the European
33:12
Union, tried to make Bitcoin mining illegal.
33:15
There were more successful in New York and New York state.
33:18
New York Bill Banning proof-of-work, crypto mining
33:20
poised to advance or we covered all these articles and they came
33:23
out. But this just came out today.
33:25
Hopefully, this is a political win, Bitcoin mining.
33:29
And Norway gets the green light as the proposed ban was
33:32
rejected. There's no, I like how they,
33:35
like, how the did that? There's Norway.
33:37
That's funny. There's no way they can ban
33:40
Bitcoin mining in Norway now, that's according to a majority
33:43
vote passed by the region Parliament, on Tuesday, the
33:44
proposal to ban Bitcoin mining. In Norway, was first suggested
33:48
in March. This year, by the red party
33:50
Norway's Communist party. In this week's votes, The
33:53
Proposal was overturned, as only Norway's left-leaning parties,
33:56
including the social stuff party, the red party, and the
33:58
green party would support a ban on cryptocurrency.
34:00
Mining, the vote these parties loss was against Banning
34:03
large-scale, Bitcoin mining. Here's a quote, having lost his
34:06
vote, these political parties. Will likely make one more
34:09
attempt at increasing the power tax specifically for minors,
34:13
which is now they're only two left in the toolbox for making
34:16
life difficult for minors. Now, here's the interesting
34:18
thing, look at how energy is generated in Norway, it looks
34:24
its looks to me, like, it's all renewable.
34:26
So what's the issue here? What is the issue here?
34:30
If it's not releasing, you know, carbon dioxide into the
34:33
atmosphere? What is the problem, right?
34:36
And, of course, the economic Mix of Bitcoin mining would make it
34:39
so clearly that energy isn't in demand in Norway because if it
34:43
wasn't mm and then would be too expensive.
34:46
So here's the thing, right? And this is starting to make a
34:49
pattern. It's the left-wing parties in
34:52
the United States that Democrats which control in New York state.
34:55
They were behind the the senate committee called cleaning up
34:58
cryptocurrency. It was also the left-wing
35:01
parties in Europe and now the left-wing parties in Norway.
35:06
Why is the left including Being the media.
35:08
So against Bitcoin. If supposedly, the left is about
35:12
the unbanked, very strange. And we were actually one of the
35:16
first to call it. We said, listen, this is very
35:19
troubling. This is starting to form a
35:21
pattern, what is going on here? I do not think Bitcoin is a
35:26
partisan issue, it should be bipartisan, but what's happening
35:30
is, it's becoming a partisan issue and that is extremely
35:34
extremely disappointing. We've had progressives on the
35:37
show And we've tried to ask him these questions but we haven't
35:40
had any good answers. Is this going to continue doing
35:42
this? I don't know man.
35:44
But look I immigrated to United States.
35:46
I'm a first-generation immigrant.
35:48
I came from Venezuela. Venezuela was destroyed by
35:52
socialist socialism. So to me the answer is because
35:56
they would like to hold on to power.
35:58
That's my answer but I'm very I'm very clear that I'm biased
36:01
in that answer as well. So if anyone has a good answer
36:05
for that, please let me down in the comments but I'm going to
36:08
pass it to Natalie. Natalie, what's going on here?
36:12
Yeah, I mean I'm going to sound like a broken record but I
36:14
really think it's just being uninformed uneducated and that's
36:17
why we see these ESG narratives being pushed people don't
36:19
understand nuclear and the power that we would have if we Embrace
36:22
that type of power generation. And so unfortunately these
36:26
narratives continue to spread and people think that they're
36:29
doing Justice and that's really what you know a lot of these
36:31
movements are about it's about being kind and and saving the
36:35
planet and all that and it's because the homework was not
36:37
done. Done unfortunately.
36:38
And it doesn't it's not that homework takes a little bit of
36:42
time and intensive studies so I think that that's what
36:45
ultimately is happening here. We need to see more pushes to
36:49
educate policymakers and unfortunately you know I you
36:53
pointed out socialism right. I really agree with that saying
36:55
and that the memes that exist out there that are like hard
37:00
times, create strong men, strong men, create easy times.
37:03
Easy times create are, you know, weak men, and now and now, like
37:07
we're That stage we're in the stage of like, weak men are just
37:10
promoting these narratives and making it very difficult and
37:13
it's what's sad is like, you know, I get it that these people
37:16
don't necessarily have bad intentions because they don't
37:18
understand and I try to be, you know, open and like what Michael
37:22
Cera says cheerful and constructive but sometimes you
37:25
just want to shake them and be like you are so wrong of this.
37:28
You don't listen. So yeah, that's what I
37:31
ultimately think this is happening because people are
37:33
uneducated and misinformed and they're moving down the path
37:37
that they think. Ink is like righteous.
37:40
Well, what is what is that famous?
37:41
Seeing the road to hell, is paved with good intentions or
37:44
something like that? Yes, yes.
37:48
Is that a political answer, Natalie?
37:51
What I mean is that a political answer?
37:53
Do you actually feel that way again?
37:56
I'm home. I'm obviously biased, right?
37:58
But how could you believe that after all these, you know it's
38:02
just it's occurred many times. I understand if you would
38:05
believe that if it was a fluke, right?
38:07
If it happened here, if happened here, but how could it be?
38:10
After all the hard work by Nick Carter?
38:13
After all the word hard work by sailor, they did the homework.
38:16
They did the research. These people have access to that
38:19
research. Why?
38:21
Still pushing false narratives, what the the Huffman letter to
38:25
the president to the White House quoted a paper that was debunked
38:30
many years ago. So it looks it really looks like
38:34
to me this is malicious on purpose.
38:37
Yeah I mean I never want to think that that's the case.
38:40
I certainly think that politicians there are proud to
38:42
politicians that are so corrupt. That you know, they honestly
38:45
don't care about what happens to their constituents and the
38:48
greater good if you will. But at the same time, Time.
38:51
I also think that there's, it's almost like power in numbers,
38:54
right? Like you don't want to go
38:55
against your party, don't want to go against the grain and you
38:57
don't want to listen when people challenge your views and as it,
39:01
when I was a reporter, I covered a lot of Elections.
39:03
I covered a lot of politicians. I covered a lot of public
39:05
corruption is one of the things that actually loved the most.
39:08
Because I mentioned earlier, I wanted to hold these people
39:10
accountable, and I became so jaded about politics in general.
39:14
One of the things I love about Bitcoin as you're right, it is
39:16
bipartisan is a political doesn't give any any amount
39:20
about these. Who's in office and it decouples
39:23
money from Power, which is what I want.
39:25
But ultimately, you know, I think that people get an office
39:29
and then they get in their part of their party and their Rising
39:32
within that. And it's an echo chamber and
39:34
like, whatever you can't, you can't counter the views of your
39:37
Echo chamber and sadly, we only have two parties here and they
39:40
go toward one narrative. And unfortunately, media follow
39:43
whatever that narrative might be on either side, and it's sad.
39:47
Like, there's a lot of work that needs to be done, but I do think
39:50
it's more of A reflection of sort of like groupthink and
39:53
overall misinformed culture as opposed to.
39:56
Like I don't want to think that all the people that represent us
40:00
are malicious and want, you know, want to crush the world
40:02
and control it. That's the tragedy of it, right?
40:05
And Phil and I, we've had conversations about them like,
40:07
dude, how tragic would it be? Because that's what the left
40:10
represents. The left represents the little
40:12
guy, the left represents the person that you know, is his on
40:15
the on the bottom end of the economic spectrum, it would be
40:18
tragic. If the, you know, the
40:21
Politicians were more so about power than helping the little
40:25
guy that would be the tragedy of it.
40:28
I really appreciate your optimism on that.
40:31
So perhaps, I will take a little bit different perspective.
40:34
Anyways, Phil, what do you believe my friend?
40:39
All right, what do I believe? So just to go back to something
40:43
that Natalie we've been, we've been covering this for eight
40:46
months, that Natalie. We had the same opinion as you
40:48
did in the beginning, we had the same as, like know, Never, but
40:51
you start to do the research, right?
40:54
You hear the same the same language by the world economic
40:57
forum and here's the here's the worst part Natalie is that not
41:00
only are they attacking Bitcoin but they're also advocating for
41:05
proof of stake. Every single one the politicians
41:08
in Europe, right? They were caught red-handed,
41:11
some text messages slipped out. They were openly attacking
41:14
Bitcoin there advocating for aetherium, right?
41:17
You saw you heard the same thing in the senate committee as well.
41:20
The cleaning Cryptocurrency, they were bashing proof of work
41:23
and they were advocating for proof of stake which doesn't
41:26
work, right? So Phil what are your thoughts
41:27
re interrupt you? Oh not at all.
41:29
They were willing to go so far as to cite a paper that had
41:32
absolutely nothing to do with an attack on proof-of-work.
41:36
The there was a paper that was made by a bunch of students that
41:38
had to do with learning how to publish a paper.
41:42
So anyways, that was also part of it, but look, a couple of
41:45
things. I mean, I think we all sound
41:47
like, broken records to Natalie's point, right?
41:49
We definitely all do. And the business of politics
41:52
unfortunately is the the business of division, you know?
41:55
Like it's always well if you're not for a party then you must be
41:58
against them. And that's not always
42:00
necessarily the case. Like just because you're not
42:02
just because somebody isn't willing to take on one specific
42:04
solution. It doesn't mean that you can't
42:07
come up with something that is mutually beneficial, but I think
42:10
the big problem is that people don't want to do the work again,
42:13
this goes back to proof-of-work, look at the attacks we get on
42:15
proof-of-work, everybody. It's the toughest thing to do.
42:18
The toughest thing to do is the proof of work.
42:20
The Thing to do is the proof of steak.
42:22
So again, we go back to, you know, we go back to human
42:25
laziness. I just want to finish off
42:27
though, by saying the ESG proponents when it comes to the
42:30
ESG proponents. I at this point after arguing
42:34
with them for so long on Twitter, I've come to the
42:37
conclusion that they're just. So in love with the idea of what
42:42
they think they're doing that. They actually have no clue that
42:47
what they're doing is nothing like it doesn't do anything.
42:51
Like I don't understand its there's so much hypocrisy and I
42:54
mean, you know, humans are humans, right?
42:56
Like we're not to wear. None of us are perfect.
42:58
We're all learning, but it's like, we provide
43:01
counter-narratives to them all the time.
43:02
We provide papers to them, you know, different people like
43:06
Eric. I don't remember what his last
43:07
name is like the Halton house or something.
43:09
Like these people don't want to hear this.
43:10
It has nothing to do with learning and this is the issue.
43:14
You have. You have a group of people.
43:16
And again it has nothing to do with the political Spectrum.
43:18
Just this certain group of people that choose Not to engage
43:23
and be objective and learn about it.
43:26
So I think that look it's just an uphill battle and I do think
43:29
that the the it's a bit nefarious to a certain extent at
43:32
this point, I think it's nefarious.
43:34
Maybe I got so Jaded by my experience that I'm just biased,
43:38
but I appreciate you guys for still believing in, you know,
43:42
some people's good nature. So anyways, I'll leave it at
43:45
that. But anyways, fro, there was an
43:46
open source software released today, wanting to everybody
43:49
about it software releases. Has brought to you by Cipher
43:52
safe check them out. Seifer safe dot IO, don't store
43:56
your seed on paper that flimsy little paper that they give you
43:59
with the hardware wallet. It's not enough store your seat
44:01
in the Cipher wheel or the all new Cipher grid.
44:04
They both come with at a distant wire but the grid also comes
44:07
with a punch tool. All right we've got Sparrow
44:10
wallet version, 1.6.4 beta 1. That was released.
44:16
That's right. Pretty crazy.
44:17
Anyways, the link to that is down below in the show notes
44:20
don't To check us out on our Audio, Only platforms, Apple
44:24
podcast, Spotify and anchor. If you want to stream a SATs,
44:28
check us out on Fountain. Dot f m-- you could stream
44:30
assets through Breeze. Awesome.
44:31
Thank you. Phil.
44:32
Right guys before we go quick shout out to our awesome
44:34
clothing. Sponsor represent LTD.com
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filling night where the hoodies every single day.
44:39
You could take advantage of the promo code down below to get 10%
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off. 10% off. I also want to give a very
44:44
special shout-out to our awesome.
44:46
Guess? You can go give her a follow on
44:48
Tweeter at That no sorry at Nat Bernal and definitely go check
44:54
out her podcast. It's called The Coin Stories
44:56
podcast, you can listen to it on iTunes Spotify Audible and she
45:01
has a YouTube channel as well, guys, that was a show.
45:03
If you enjoyed the show notes, do Swedish my life but it and of
45:05
course you want to continue hearing the Bitcoin.
45:07
Used from the bleep left perspective in the catastrophic.
45:09
Fails definitely consider subscribing to Simply Bitcoin
45:12
and we'll see you tomorrow guys for any episode.
45:14
The attack on bitcoin just intensified act accordingly.