Latest / Simply Bitcoin / Media CAUGHT LYING About Bitcoin and El Salavdor | EP 660

Transcript

Media CAUGHT LYING About Bitcoin and El Salavdor | EP 660 · Simply Bitcoin

• 0:14
  Yo welcome to Simply Bitcoin live your number one source for
• 0:16
  the peaceful Bitcoin revolution in the color, breaking news
• 0:18
  culture Mirotic Warfare we will be your guide through the
• 0:20
  separation of money and state and that's exactly what we are.
• 0:24
  Living through nowadays. Anyways, media mainstream media,
• 0:30
  I wouldn't call the mainstream media anymore.
• 0:32
  I would call them the Legacy Media.
• 0:34
  The Legacy corporate media caught lying in 4k about El
• 0:39
  Salvador. And unfortunately not only did I
• 0:43
  Rainbow Kelly. Bring the receipts simply
• 0:45
  Bitcoin has been covering this for months.
• 0:47
  Now we brought the receipts as well and it's interesting
• 0:50
  because this is this is an example of what the internet has
• 0:57
  done. Like the the the capabilities
• 1:00
  that the internet, the internet has given the individual, it's
• 1:03
  given the individual, the ability to circumvent The
• 1:06
  Gatekeepers of information and also The Gatekeepers of money.
• 1:09
  It's disintermediated. The sources of information, it
• 1:15
  allowed people to communicate directly to each other.
• 1:19
  So if the mainstream media says something about El Salvador,
• 1:23
  they try to spin up a narrative before that was the only source
• 1:29
  of information. I saw this very famous very,
• 1:31
  very popular, tweet by Jack pasaba to commit by Jack, the so
• 1:34
  big, and I completely agree with him.
• 1:36
  And it basically says, if social media existed in Thousand three
• 1:43
  we would have never have gone to war with Iraq and I
• 1:46
  fundamentally agree with that, right?
• 1:49
  The internet has allowed and given the ability to Millions
• 1:52
  upon millions of individuals to communicate directly
• 1:56
  peer-to-peer one, you know, together with each other and
• 2:01
  that severely diminishes, the ability for the Old Guard, to
• 2:07
  put it gently to put it nicely to control the narrative, which
• 2:10
  is why they're so hell-bent on. And you know, misinformation
• 2:14
  fact-checkers, you know, even though we know, it's like who's
• 2:17
  fact-checking the fact checking who's fact checking the fact
• 2:20
  Checkers, right? And we all know right in the B
• 2:24
  Administration tried to release the ministry of Truth which
• 2:28
  would have been the American version of Pravda.
• 2:31
  And for anyone who doesn't know Pravda was the official state
• 2:34
  newspaper of the USSR of the Soviet Union in Pravda and
• 2:38
  Russian means truth, right? Interesting interesting.
• 2:41
  It's like history. It doesn't repeat itself but
• 2:43
  it's often it often Rhymes but the Internet is just throwing a
• 2:47
  wrench in there. Now if the internet started the
• 2:52
  fire of freedom Gasoline Bitcoin put just gasoline on the fucking
• 3:00
  fire. It's just blowing up and you
• 3:04
  know, the These people, I call a monetary demons Marty, bent
• 3:10
  calls them. You know, the unproductive class
• 3:14
  Opti calls them, the high-level parasites, whichever, which way
• 3:19
  you want to describe them. If they don't have this Monopoly
• 3:23
  on information and they don't have this Monopoly on on the
• 3:28
  truth and we're going to get to that.
• 3:30
  It's very hard for them to convince people of their
• 3:35
  worldviews, right? Which is why they're so
• 3:38
  hell-bent on using that word over and over again.
• 3:40
  Misinformation disinformation misinformation They've been used
• 3:44
  to controlling the truth for a while now and they've been used
• 3:47
  to controlling the money for a while now and they thought they
• 3:50
  built this protective moat that was never going to go away.
• 3:53
  But in fact, what they built for themselves is a golden cage and
• 3:58
  bitcoiners stepped out of the golden cage and said, hey, you
• 4:01
  know, and this is a non address Antonopoulos lecture lecture
• 4:06
  reference. We stepped out of the golden
• 4:08
  cage and we realize like, hey, it's really nice out here.
• 4:13
  And they're stuck in there, and they're like, what?
• 4:16
  Like, no, you guys can't go out there, you know, but it sucks
• 4:19
  for them. They, you know, they bury they
• 4:22
  created the cage of which they trapped themselves in in the
• 4:26
  first place. Absolutely, exciting times.
• 4:29
  Fascinating times privilege times to, to live through all
• 4:33
  this. We know its tumultuous is is a
• 4:35
  fourth turning after all but hey, you know what, if you
• 4:40
  bought Bitcoin earn Bitcoin, mine Bitcoin and you're putting
• 4:42
  that Bitcoin into Cold Storage This is great, A entertainment.
• 4:48
  I don't know about you guys, but I'm having a blast watching all
• 4:51
  this stuff happening, anyway, so we're going to get to all that.
• 4:56
  Mainstream media caught lying about nine bouquet.
• 4:59
  So we're going to cover that. We also have a clip for for you
• 5:02
  guys from our favorite. Our favorite continuing are
• 5:07
  conference in Davos Switzerland. The world economic Forum.
• 5:11
  We have a we have a clip of that was.
• 5:12
  We're going to play that. We're going to talk about it, so
• 5:15
  sue me a great show, but I want to bring up my awesome co-host.
• 5:18
  Always optimistic, how you doing Opti?
• 5:20
  I'm so excited for today's episode.
• 5:22
  I'm freaking pumped up, bro. I'm pumped.
• 5:25
  I can tell I can tell. This is gonna be a good one.
• 5:29
  I was you guys can see me, but I was having a good time behind
• 5:33
  the scenes. Just laughing at Niko's, Intel
• 5:35
  more laughing with him just because I know it Nico gets
• 5:38
  animated. It's just like again.
• 5:39
  I said all the time when we get a five-minute intro, you already
• 5:42
  know it's going to be a good chef.
• 5:45
  I'm going to be it's going to be epic and also I mean it's very
• 5:49
  fitting. I think I reference it all the
• 5:50
  time about. Not you boo Kelly's article will
• 5:53
  probably get it into it once after the after the news of
• 5:57
  don't drink the elite school it and I hate using the word Elites
• 5:59
  at this point because you know the unproductive class are not
• 6:03
  the elites. But hey, we'll talk about that
• 6:04
  later and then on the, on the culture, I guess I'm kind of
• 6:09
  going in on my own tirade to counter all the Legacy Media
• 6:13
  flood and all their narratives and today Is one of my, I
• 6:18
  literally it, it makes me feel weird when they call us
• 6:21
  bitcoiners simply speculating on bitcoin.
• 6:24
  Well, I got an awesome article by B teen.
• 6:26
  Everything is speculation, we're going to get a little economics
• 6:29
  lessons today. Nico whoo.
• 6:32
  Auntie economics a Opti. Oh man, I'm pumped.
• 6:36
  Anyways guys gonna be a great show.
• 6:37
  Let's check out the numbers. Abdi.
• 6:41
  It's not working. Click the numbers on your side.
• 6:43
  Let's say let's see. Okay yeah I don't think we got
• 6:46
  that. I don't think we got the intro
• 6:47
  today cuz Yeah, it seems like restreams have Outreach dreams.
• 6:53
  Rex anyways, it's all good. We'll do it manually, guys.
• 6:56
  Let me tell you. Oh man, we can't even pull that.
• 6:59
  We can team up. There it is, there it is.
• 7:01
  Alright guys let me tell you about noddle.
• 7:03
  You should be running your own Bitcoin node.
• 7:06
  If not, you're trusting someone else's, don't trust someone
• 7:09
  else's. No, don't trust.
• 7:10
  Someone else's copy of the blockchain, trust your own copy
• 7:14
  of the blockchain and you could only do that if your own if you
• 7:17
  run your own. Bitcoin software and you do that
• 7:21
  either, by running it on your own computer.
• 7:23
  I don't suggest you do that, right?
• 7:24
  Because you want your node to be, you know, always on always
• 7:27
  connected to the internet. So you do we suggest having a
• 7:31
  dedicated to the device. You can do it in two ways.
• 7:33
  You could build it yourself, right?
• 7:35
  You could build a novel, you can build a node yourself or you can
• 7:38
  buy one pre-made obviously, we recommend the noddle.
• 7:41
  It's absolutely awesome, very well-built.
• 7:44
  It's made of metal also has little contingencies built in.
• 7:48
  You guys are definitely want to go check.
• 7:49
  Out. Check out nottle dot it today.
• 7:52
  Be your own bank, run your own Bitcoin node today.
• 7:55
  Anyways everybody let's check out the numbers a little bit of
• 7:58
  a curveball starting the show Opti.
• 8:01
  It's interesting. It's interesting.
• 8:03
  I wonder if we'll be able to play the video man, that kind of
• 8:06
  bums me out. So anyways, the Bitcoin price
• 8:09
  Opti, why don't you do the numbers while I figure this out
• 8:11
  in the back? All right guys, well look at the
• 8:14
  price current bitcoin price per Bitcoin is twenty two thousand
• 8:18
  nine hundred and 10.9 hundred and fifteen dollars per Bitcoin,
• 8:22
  we are currently at Moscow. Time AKA SATs per dollar of 4364
• 8:29
  set per dollar, we can still get thousands of sads / dollars
• 8:33
  guys. We are we're still early the we
• 8:35
  are, this is my favorite number. Always an all-time high.
• 8:38
  Every time we start the show, we're at block height of 770,
• 8:41
  3411 and the current reachable bitcoin known publicly reachable
• 8:47
  Bitcoin node. Six and we are sixty six
• 8:52
  thousand five, hundred and eighty nine blocks, till the
• 8:55
  having it's getting closer, guys were getting closer.
• 8:58
  We're getting closer in the estimate date.
• 9:00
  For that is April 25th, 2024. So, what's up, mmm, I don't
• 9:04
  know, 18 months, roughly 13, something like that. 1614 Maps
• 9:07
  is hard, can't remember. Anyways, the lightning total
• 9:10
  capacity is currently at 5230 1.95 Bitcoin, which means that
• 9:17
  the Fiat value is hundred and nineteen point nine million.
• 9:21
  And as Nico says Bitcoin taking all other currencies to school
• 9:27
  with a realized monetary inflation of 1.76 percent.
• 9:31
  And the current market cap of Bitcoin is 440. 1.5 billion
• 9:36
  dollars, it is going up guys. We're holding strong, we're
• 9:40
  holding strong. Who knows if this is a bear trap
• 9:43
  or not but hey the market cap is above 300 billion.
• 9:47
  Again feels good. Good.
• 9:50
  Alright everybody. So let's check out this clip
• 9:53
  from the world economic Forum. The continuing are conference,
• 9:57
  in Davos certainly holds every year.
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  Of course, everyone knows the the leader of this conference,
• 10:02
  right? The the infamous Klaus Schwab,
• 10:05
  you know, you will eat. See bugs and what's really
• 10:07
  interesting, right is that we the Brad Garlin house, the CEO
• 10:13
  and founder of Ripple was there and he was part of the panel is
• 10:18
  very interesting. Being right in this, you know,
• 10:20
  in this conference that is obviously against Freedom.
• 10:24
  It's obviously against private property rights.
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  You have a shit coin founder. One of the most successful ones
• 10:30
  which is Brad Garlin house, CEO and founder of Ripple, part of
• 10:34
  the panel and then this kind of goes back to the theory of the
• 10:38
  case. Because shit coins are
• 10:40
  inherently centralized. They need the protection of the
• 10:44
  state. They need the / took.
• 10:46
  Excuse me, they need the protection of these powerful
• 10:48
  institutions. Without them, they can survive
• 10:52
  because they're inherently centralized there.
• 10:54
  There is a metaphorical. I don't want to say that on
• 10:57
  YouTube, but there's there's essential entity that you can
• 11:01
  capture. There's a central entity that
• 11:02
  you can put in prison, right? So, and that's in stark contrast
• 11:07
  with Bitcoin, which is why you don't see any bitcoiners at the
• 11:11
  world economic Forum, you see aetherium developers, you have
• 11:15
  AME iguchi, who is part of the etherium foundation board the
• 11:19
  three People, she's one of them and she's part of the world
• 11:21
  economic Forum as well, right? It's inherently statist, right.
• 11:26
  And it's in, it's inherently status, because it just takes
• 11:29
  common a common sense. It's Game Theory, right?
• 11:32
  If you're inherently centralized and You're vulnerable to
• 11:35
  government, coercion government capture.
• 11:37
  What are you going to do? The inevitable.
• 11:39
  Step is to Ally with the government, right?
• 11:42
  Ally with the state, so that they don't shut you down.
• 11:45
  And then in the process, you hope to create a regulatory
• 11:48
  mode. And I think That's what this
• 11:50
  video really speaks of. So anyways, I'm going to play it
• 11:53
  and then we'll talk about it. I think it's important that we
• 11:57
  are regulated. For sure, the point that I was
• 12:00
  making as I think the activity is what typically has been
• 12:03
  regulated, regulating Technologies is a little bit
• 12:05
  more, complicated understanding, how a technology is being used
• 12:09
  to touch a business, to touch a consumer to touch fill in blank.
• 12:13
  We should absolutely have laws on that and we should protect
• 12:15
  consumers. I'm actually intrigued by your
• 12:17
  thought around kind of the Policing mechanisms and you know
• 12:22
  as you said at us saying about, you know, how could we do a
• 12:24
  better job of that? You know, and frankly one thing
• 12:27
  that came to my mind as I think you know, several people in the
• 12:29
  hedge fund industry, reported Madoff time and time again to
• 12:31
  the SEC and for whatever reason they didn't investigate.
• 12:34
  I do think you know we do work with law enforcement a triple
• 12:38
  and we do file suspicious activity reports.
• 12:40
  And again we're only working with regulated and points so
• 12:45
  we're somewhat unique and I will say I agree with you that the
• 12:47
  origins of crypto were Absolutely anti-government anti
• 12:50
  Bank. You know the origins of these
• 12:54
  Technologies and how these Technologies can be used can be
• 12:57
  very, very different. And as time goes by, I think we
• 13:00
  spend less time talking about Mal Cox and Silk Road, and more
• 13:03
  time talking about here are real Enterprise scaled use cases,
• 13:07
  where it's not an experiment, you're talking about billions
• 13:09
  and billions of dollars going through ripples technology
• 13:12
  platform, kind of, you kind of trouble.
• 13:15
  So again like use you see him, right?
• 13:18
  And it again If you see it on the surface you're like no Nico.
• 13:21
  Like there's nothing that really that.
• 13:22
  What he's saying is bad and is whatever, but what he's saying
• 13:26
  is like, yeah, we do need to regulate these certain things,
• 13:29
  right? Because they're not bad and
• 13:33
  ripples gonna you know take care of this inherent enterprise
• 13:36
  software like look. I'll tell you something guys.
• 13:39
  A blockchain is a very inefficient that database.
• 13:43
  It's terrible. It's terrible like it's good for
• 13:46
  one thing Bitcoin right. You want a decentralized public
• 13:50
  Ledger? That's what it's good for
• 13:52
  everything else. It's dog, shit.
• 13:54
  They're trying to take your money.
• 13:55
  That's what it's for. So he needs to go to Davos and
• 13:59
  he needs to say, yes, we need to regulate the industry.
• 14:01
  But he's not saying it for Consumer Protection.
• 14:04
  He saying it with the intention of, hey, we need to build a
• 14:08
  regulatory Mo because we know and the free market, you know,
• 14:13
  121 Fair competition. They will never be able to match
• 14:17
  Bitcoins incentives, right? So that's the problem.
• 14:19
  He's hoping to go there and convince these government
• 14:22
  Regulators say, hey, you know what, we're okay, Bitcoin is in
• 14:26
  kosher because, hey, you can't regulate Bitcoin but then you
• 14:30
  can but you can regulate Ripple. Now here's the thing.
• 14:33
  If you could regulate Bitcoin it would defeat the purpose of
• 14:37
  Bitcoin, right? That's the whole thing, right?
• 14:39
  And again you know, there's trade-offs to this, the benefits
• 14:43
  are that if you live in a totalitarian country, right?
• 14:47
  Or you live in a country with high inflation or you live in a
• 14:50
  country, which capital with capital controls or you live in
• 14:53
  a country that has been cut off from the Global Financial system
• 14:56
  due to us sanctions policy right bit, the fact that Bitcoin works
• 15:01
  the way It works is actually extremely beneficial to you.
• 15:05
  And a lot of people say, no that's a danger to society.
• 15:08
  I would I would beg to differ because an exam because El
• 15:12
  Salvador is a main example of what a society could look like.
• 15:16
  And look, I don't think it's a coincidence that El Salvador has
• 15:20
  been flourishing while you know the rest of the you know, the
• 15:23
  rest of the like countries like Argentina that are not on a
• 15:26
  Bitcoin standard, you know, continue to suffer from
• 15:28
  extremely high levels of inflation.
• 15:30
  I don't think. That's a coincidence and I think
• 15:32
  as time progresses more countries that adopt a Bitcoin
• 15:35
  standard will get the extremely similar results.
• 15:38
  I think. And look because I could say
• 15:40
  this on a personal level as soon as I adopted a Bitcoin standard
• 15:43
  I started thinking with that deflationary mindset, I changed
• 15:47
  my operating system from a Fiat operating system to a Bitcoin
• 15:52
  operating system. All of a sudden I started having
• 15:54
  hope for a future, right? I know the same is with with
• 15:57
  Opti, I know the same is with most people that have migrated
• 16:01
  to a Non-standard. Now imagine an entire country
• 16:04
  doing that migration. I don't think it's a coincidence
• 16:07
  that that country is getting similar results, right?
• 16:10
  So dude absolutely hysterical that Brad Garlin house is
• 16:14
  literally on a panel at the world economic Forum, talking
• 16:19
  about regulation and these are the same people that are
• 16:22
  advocating for. You'll nothing and be happy like
• 16:24
  it's absolutely hysterical. You know anyways Opti what are
• 16:28
  your thoughts is? This is funny to you as it is to
• 16:30
  me too. Hilarious.
• 16:32
  So, I mean, the CEO ripple at Davos just like big low like,
• 16:36
  Anna and I want, you said, you know what, what do you say we
• 16:40
  need regulation like another big law and first off like who the f
• 16:44
  is we obviously the Ripple see want regulation because as you
• 16:49
  said and this I'm glad you said this because this is what I was
• 16:51
  going to say. The same thing is like of course
• 16:53
  he wants regulation because his business needs that regulatory
• 16:57
  moat so that they can try to crawl along and continue the
• 17:00
  scam people like Government regulation will simply stop
• 17:03
  Innovation. It will ensure that this you
• 17:07
  know, the Monopoly of the shit coins are, you know, perpetuated
• 17:12
  into the future and just to let's remember, you know, let's
• 17:15
  just remember some of the stuff that we covered last year about
• 17:18
  the fact that Greenpeace has been funded by Ripple to
• 17:22
  continuously fud proof-of-work. Like these are the same people.
• 17:26
  Like Nico says, that one is to own nothing and be happy and now
• 17:29
  you're going to you know, listen Then to them about regulating
• 17:32
  Bitcoin and shit coins. Like guys this is absolutely
• 17:37
  ridiculous. The the hubris of the shit
• 17:40
  Corners, the fact that he's in a suit up there, you know with
• 17:42
  with other suited people talking about like from his mighty horse
• 17:46
  like oh you know we need to regulate Bitcoin for the safety
• 17:50
  of the of the consumer and it's like dude it's absolutely
• 17:55
  atrocious and ridiculous that these people can go on TV Go.
• 18:01
  Their meetings and and these conventions and with a straight
• 18:04
  face, tell us that they are here for your protection.
• 18:07
  Like it's fucking disgusting. Like I don't know how else to
• 18:11
  put it. It's cheap moral virtue man.
• 18:13
  And these are the same people that are telling you you know
• 18:15
  not to use gas vehicles while they're taking their private
• 18:18
  jets you know to Davos to meet at this concealing are
• 18:21
  conference 2023. You know, it's absolute moral
• 18:25
  virtue, it's hypocrisy but I don't think they care.
• 18:28
  I think what they're trying to let you know is that this is a
• 18:31
  Hierarchy, we are here. We play by different rules and
• 18:34
  all you peasants play by different rules.
• 18:36
  And you know what, Bitcoin throws a wrench in their plans,
• 18:40
  and that's exactly why they hate it.
• 18:42
  Anyways, Opti, let's get to the news.
• 18:45
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  of your Bitcoin. All right, everybody, they threw
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  restream through a little bit of a wrench for edging.
• 19:26
  Our plans. Today, we have to play the
• 19:28
  videos manually but it's all good.
• 19:29
  The show goes on anyways, everybody.
• 19:31
  D. So a trip down memory lane.
• 19:36
  We've been covering this quite diligently.
• 19:39
  I might add all of the Legacy, corporate media's attacks on.
• 19:46
  Not only Bitcoin, but also Salvador.
• 19:49
  And like why? Let's talk a little bit about
• 19:51
  why that is right. Because if the El Salvador
• 19:56
  Bitcoin experiment is successful, it will prove that
• 20:00
  there's a viable alternative to the current system, right?
• 20:05
  The current system the way it works is that if a country finds
• 20:09
  itself in financial problems, they ask for a bailout from the
• 20:13
  IMF that, and I'm efuses SD Arts of, which they print.
• 20:18
  Right. And with that bail out, comes a
• 20:22
  bunch of Of conditions, right? The, the one that we covered for
• 20:27
  Argentina, one of those conditions was, hey, we'll give
• 20:32
  you this bailout, but you have Tuesday, incentivize the
• 20:36
  adoption of Bitcoin and shit coins in your country, right?
• 20:41
  So as much as the IMF to United Nations claim that they are for
• 20:47
  the people they want equality equity, inclusivity for all what
• 20:53
  I believe. Leave.
• 20:54
  They're really after is power and control and it's become very
• 20:58
  apparent as time goes by. And remember, a lot of these
• 21:02
  Legacy corporate media establishments are mouthpieces
• 21:07
  for these organizations, right? That includes the New York Times
• 21:11
  that includes the financial times or I loved opt, he's
• 21:15
  nickname for the financial times.
• 21:16
  The Fiat times. Varied is a great nickname.
• 21:19
  I love it. I'm going to keep using it.
• 21:21
  But you know you have this media machine.
• 21:24
  And this is why Independent Media.
• 21:27
  So important actually, it's not only Independent Media.
• 21:30
  You the individual take agency are the Independent Media
• 21:35
  because you have the ability to like a tweet to engage with the
• 21:41
  Tweet to tweak, something yourself, you can ridicule them
• 21:44
  with memes, memes, have to be true or else, they don't have
• 21:48
  the common language, they don't have the common denominator if
• 21:51
  they're not true, then you can't you won't understand them.
• 21:54
  Right? And you ridicule them and they
• 21:56
  hate it. They hate it because they're the
• 21:58
  ones that they're they used to be the ones.
• 22:00
  The only ones that had a platform, there are the only
• 22:03
  ones that could spout out things, and now they have
• 22:06
  competition. And that competition,
• 22:09
  unfortunately, for them is with people that don't aren't bought
• 22:13
  by special interests. Therefore.
• 22:15
  They could tell the truth. Unfortunately for them.
• 22:19
  So this is what it's all about. This is about power.
• 22:23
  It's not about the truth is not about Equity.
• 22:25
  It's not about equality, Bitcoin is the most Equitable equal
• 22:29
  money, the world has ever seen. Their system is a proof of stake
• 22:33
  system, their system is a system of hierarchy.
• 22:38
  They're the concealing heirs are the people that are closest to
• 22:41
  the money spigot and then there are all the peasants and you
• 22:45
  dirty peasants you cannot have gas, stoves know how dare you.
• 22:51
  How dare you we can fly private jets.
• 22:54
  We can have Yachts but you nah 15 minutes cities baby, you
• 22:59
  walk. Oh and by the way if you want to
• 23:04
  buy a glass gas stove nah man you can't do that CBD sees looks
• 23:09
  shut off your money. Nadia we don't like your
• 23:11
  opinion. So when we say there's a future
• 23:15
  between bitcoiners slavery, we had there is no exaggeration.
• 23:18
  When we say that, we might be over the top.
• 23:20
  The way that we deliver That message.
• 23:22
  But that doesn't take away from the fact that it is true.
• 23:25
  We are heading into a future right now.
• 23:27
  It's a little bit off. You skated the battle lines
• 23:29
  where you the individual are going to have to pick and choose
• 23:32
  whether you want to whether you want a future of Freedom, which
• 23:37
  is Bitcoin or whether you want a future of slavery.
• 23:40
  And El Salvador has taken the first step El Salvador's in the
• 23:45
  firing line because it has taken that decision.
• 23:49
  It has taken the decision to say, hey, there is a viable
• 23:53
  alternative to The Current financial system.
• 23:57
  And not only is there a viable alternative.
• 24:00
  There is a better alternative and that's exactly why they are
• 24:04
  attacking it, the way they are. Anyways, so let's read through
• 24:09
  some of these headlines, shall we?
• 24:11
  So first one by El, Pais Bitcoins decline in value is a
• 24:14
  quote, deadly blow for El. Salvador, next one, by The
• 24:18
  Economist, El Salvador's Bitcoin experiment is not paying off
• 24:24
  next one by CNN, NBC El, Salvador's Bitcoin, experiments,
• 24:27
  60 million lost 375 million. Spent little to show so far the
• 24:33
  New York Times. A poor country made Bitcoin a
• 24:36
  national currency, the BET isn't paying off.
• 24:40
  We have a Spanish article by info Bay.
• 24:43
  It says now endured Adventure Bitcoin the adventure of nine
• 24:47
  buchelli and Bitcoin Could leave, El Salvador and risk of a
• 24:53
  default. Now, let's take a look at some
• 24:56
  of the numbers, right? Because if you were to take
• 24:59
  these headlines at face value, you would say, wow, this has
• 25:03
  been a fucking clusterfuck, this has been a disaster, this guy's
• 25:06
  absolutely crazy. He's lost his mind, he's a
• 25:09
  Bitcoin dictator, you know, he's a fascist and, you know, she's a
• 25:13
  totalitarian all these crazy things, right?
• 25:16
  You'd say all of those things, right?
• 25:18
  But let's take a look at the data.
• 25:20
  It sucks for them that we're able to look at the data is why
• 25:24
  they hate the internet. This is why they want to censor
• 25:26
  the internet. This is why because what happens
• 25:29
  is, if you have individuals critically thinking doing their
• 25:33
  own research, they can't control the narrative anymore and it
• 25:37
  freaks them to F out. Now, imagine that and now
• 25:42
  imagine millions of individuals, not only critically thinking,
• 25:47
  but also holding a money that can't be debase.
• 25:49
  Can't be censored in. Can't be easily confiscated.
• 25:53
  You get why they hate this thing so bad anyways.
• 25:57
  Um, so let's check out some of the data shall we?
• 26:00
  And we've gone over this many times but, you know, in in, you
• 26:04
  know, in honor of this recent, these recent articles will go
• 26:08
  through the data again. So El Salvador used to be one of
• 26:12
  the most violent countries in Central America.
• 26:15
  At one of the highest murder rates.
• 26:18
  In the world, twenty20 to the murder rate, the homicides per
• 26:24
  100,000 inhabitants was 7.8. This is down from an all-time
• 26:30
  high in 2015 of 103. 2023 is projected that the homicide rate
• 26:37
  per 100,000 individuals is 2.1, that is lower than some American
• 26:44
  cities. El nivel Kelly and the Bitcoin
• 26:50
  experiment is Saving Lives. Anyways, so let's talk about it.
• 26:55
  Let's take a look at GDP growth. Since the Bitcoin law you could
• 26:59
  say, this is a coincidence. You could say, is it could be
• 27:02
  code, is a coincidence. Well, fine, maybe you could say
• 27:05
  it's a coincidence on its own, but here's the thing, right?
• 27:10
  I know what Bitcoin is done to my life.
• 27:13
  I know what Bitcoin is done to opt he's life.
• 27:14
  I know what Bitcoins done to people that have migrated to a
• 27:17
  Bitcoin standard and what has what has happened?
• 27:20
  Hope for a better future Prosperity, Financial
• 27:22
  opportunity. I'll Salvador had record.
• 27:27
  GDP growth 10.3 percent. Gross domestic product in 2021.
• 27:36
  10.3, that is a historical record.
• 27:39
  In this goes all the way back to 1966. just to give you guys a
• 27:45
  frame of reference, so, What are they talking about?
• 27:49
  I have no idea. Anyways.
• 27:51
  Well, we do have an idea. We've been talking about why
• 27:54
  they're saying this now. Would that one of the other
• 27:57
  narratives that they say, is, that 9 bouquet is a danger to
• 28:00
  democracy, right? Is they love that?
• 28:02
  This is danger. Democracy is a dangerous guys,
• 28:04
  attire disguise, whatever. Let's take a look at his
• 28:07
  popularity, right? And these are, it's taking a
• 28:10
  bunch of different polls, right? So, we have 90 percent, 85,
• 28:14
  percent, ninety, two percent ninety, six percent.
• 28:16
  Ninety, one percent, eighty, nine percent ninety X percent
• 28:18
  eighty six percent, ninety four percent.
• 28:20
  Eighty seven percent, eighty four percent, 85 percent eighty
• 28:22
  four percent eighty, four, 91-89, 87, you get the point.
• 28:26
  This guy's very, very popular. Now use common sense a little
• 28:30
  bit. Why is he popular?
• 28:31
  Well record, GDP growth, decreasing violence, maybe
• 28:38
  maybe, maybe those are good reasons as to why he's popular.
• 28:42
  Like wait a second. Isn't that the like the job of
• 28:45
  the person of the president, like its The job Prosperity.
• 28:50
  Like it's not that that's the whole point, right?
• 28:54
  Not for the people in Davos. Not for the New York Times, not
• 28:58
  for The Economist. No, no no.
• 29:01
  It's not about prosperity for all as much as you'd like to say
• 29:05
  that's your slogan, the United Nations.
• 29:08
  It's about power and control. And again this isn't just this
• 29:12
  isn't just Nico saying this isn't just simply Bitcoin saying
• 29:16
  this, you have nine bouquet lay saying this as well.
• 29:20
  There's a very famous article. The name buchelli wrote for
• 29:22
  Bitcoin magazine. We've referenced it many, many
• 29:25
  times. The name of the article is stop
• 29:28
  drinking the elite school, eight.
• 29:29
  Let's go through it, right? And there's this passage here
• 29:33
  that I think is the most powerful.
• 29:36
  And I think it perfectly, huh? Compasses.
• 29:39
  What it is? We're talking about with the
• 29:41
  Legacy Media and why the Legacy Media so hostile to not only El
• 29:49
  Salvador, but Bitcoin. The most V quote, the most vocal
• 29:56
  detractors, the ones who are afraid.
• 29:58
  And pressuring us to reverse our decision are the world's most
• 30:01
  powerful Elites. And the people who work for or
• 30:05
  benefit from them, they used to own everything.
• 30:08
  And in a way, they still do the media, the bank's the ngos, the
• 30:15
  international organizations, and almost all the governments and
• 30:19
  corporations in the world. And with that, of course, they
• 30:22
  own the armies. The loans, the money supply, the
• 30:26
  credit ratings, The Narrative, the propaganda, the factories,
• 30:30
  the food supply, they control, international trade and
• 30:34
  international law, but their most powerful weapon is the
• 30:38
  control of the truth and they're willing to fight.
• 30:42
  Lice mere destroy sensor, confiscate print, and do
• 30:46
  whatever it takes to maintain and control and increase their
• 30:50
  control over the truth and everything.
• 30:53
  And we won. So this is what it's about.
• 30:57
  Ladies and gentlemen, this is about the fight or freedom, but
• 31:03
  the awesome part is that this isn't a kinetic War.
• 31:07
  We don't have to pick up rifles and storm buildings and, you
• 31:10
  know, War sucks. War is hell right?
• 31:15
  This is a peaceful Revolution. All you got to do buy Bitcoin,
• 31:19
  mine, Bitcoin, earn Bitcoin, take that Bitcoin, put it into
• 31:22
  self custody, download an ethical Bitcoin wallet like the
• 31:26
  blue wallet. Opt is going to name the rest.
• 31:28
  So only one I could think of off the top of my head while it of
• 31:31
  Satoshi mun Moon. Get yourself a hardware wallet,
• 31:35
  take self, custody Jade obviously is one of our
• 31:39
  favorites, our sponsor, you know, you have cold card as
• 31:42
  well. You have Foundation also, you
• 31:45
  have so many good come treasure. You have so many good companies
• 31:49
  making Hardware wallets for you to take self custody.
• 31:53
  It's all we got to do. We want to defeat these monetary
• 31:57
  demons to unproductive class the high-level parasites.
• 32:02
  All you got to do is take your work, your energy, your time,
• 32:08
  and put it into something that they can't debase, and they
• 32:13
  can't confiscate easily. And then all of a sudden they're
• 32:17
  on a back foot. And let me tell you, they are on
• 32:21
  a back foot, they're freaking the F out and that's why the
• 32:25
  releasing these types of propaganda hit pieces.
• 32:30
  That are not based on facts on the ground, they're based on
• 32:35
  Miss representations and spin in order to achieve a certain
• 32:40
  political goal, but it's not going to work.
• 32:44
  Unfortunately, for them, the internet has given us the
• 32:47
  ability to communicate directly to each other.
• 32:51
  I could I could talk directly to you guys from my home.
• 32:55
  I don't have to go through them anymore, and because of that,
• 32:59
  their ability to control shift, manipulate them the narrative
• 33:04
  severely, it's merely it severely diminished, and every
• 33:07
  day it loses more, they lose more and more and more power.
• 33:11
  They more, they lie, they more they spin the more, they wake
• 33:15
  people up and before, you know it they won't have anyone buying
• 33:19
  their stuff anymore. And in a generation.
• 33:23
  Do you really believe that the 10 20 years from now?
• 33:28
  The youth are going to be watching cable news to get their
• 33:31
  sources of information? Of course not.
• 33:34
  We're heading or heading into a radically, new world, a
• 33:37
  different world. But the people in charge that
• 33:41
  the continuing are class, the people that sold out our future,
• 33:45
  because they printed too much money, they're trying everything
• 33:49
  and anything to hold on to that power for as long as humanly
• 33:53
  possible. But it's slowing.
• 33:56
  It's slowly going through their hands.
• 33:59
  There's nothing they could do about it, but that doesn't mean
• 34:02
  they're not going to put up a fight and that this media
• 34:05
  bullshit, these lies that they're saying about my m bouc a
• 34:08
  lie. It's an attempt to do that.
• 34:12
  But the monopolies that they once had are quickly being
• 34:16
  disintermediated. And they don't have this
• 34:20
  advantage that they've enjoyed for decades and decades.
• 34:24
  So is crazy times were living through hunker down, take self
• 34:29
  custody, run your own node, take part in this beautiful peaceful
• 34:34
  Revolution. The only thing you need to do
• 34:37
  just take self custody, if enough of us do it, we will win
• 34:41
  and there's nothing they could do about it Opti.
• 34:49
  Well, I taught it hard to follow a classic Nika Jones rent like
• 34:54
  that, but I love that you brought all those receipts to
• 34:58
  start off that bit. As I was thinking, while you
• 35:01
  were covering all those like, you can't trust any of those
• 35:04
  Publications that you, that, you named in the beginning of that
• 35:07
  bit. So, you know, if you want to
• 35:10
  know who the enemy are of the corporate press, like, who is,
• 35:14
  Only working against you, then you can rewind that and and see
• 35:18
  what Publications Nico name like you can't.
• 35:22
  You can't trust those Publications.
• 35:23
  And and I'm glad that you brought up the the article that
• 35:27
  we reference all the time. You know, don't drink, the elite
• 35:28
  school eight, don't drink, the unproductive classes Kool-Aid
• 35:31
  because we say literally every day and you read The Perfect
• 35:35
  part where the only thing they have is the Monopoly on truth.
• 35:39
  Quote-unquote on truth. So everything's a PR War.
• 35:42
  The only thing that they've been able to do for Are, you know,
• 35:45
  for the longest time ever is control the narrative and as we
• 35:49
  are a part of as we are. Seeing as bitcoiners that
• 35:52
  narrative is falling apart and there is seems in the narrative
• 35:56
  control and this is why the importance of the internet, the
• 36:00
  importance of all you guys out there is so important because we
• 36:04
  are actively in an information War as I say and we are
• 36:08
  continuously battling on that front and the only thing they
• 36:13
  can really do is Bombard you with so much noise that you
• 36:15
  forget what the signal is and this is why it's important for
• 36:18
  everyone to put their put their hat in the ring and continue to
• 36:22
  make more Bitcoin content continue to push people towards
• 36:25
  the freedom tools that we talk about every single day.
• 36:27
  As we say, you know, all you got to do is take Bitcoin into self
• 36:30
  custody using blue wallet, green wallet, sparrows Factor, cold
• 36:33
  card, seed signer Jade, what did I miss Zeus blue wallet?
• 36:38
  I think I said blue wallet, Breeze, moon.
• 36:40
  Like these are the wallets that you guys need to be using.
• 36:43
  You need to be saying it. Often we need to push toward
• 36:46
  people towards that. And as I've been saying for a
• 36:48
  while now my heuristic is, if people aren't pushing their
• 36:54
  followers into Bitcoin, Cold Storage into self custody rather
• 36:58
  then their incentives are suspect.
• 37:01
  And I might go on a little tangent here, Nico.
• 37:05
  But again, I guess, my my guess I'm on this tangent.
• 37:08
  This week of countering all this Legacy Fudd and I'm reminded of
• 37:13
  you said something about About like buchelli being an enemy to
• 37:17
  democracy. And I read this article this
• 37:21
  last week and in that same way what I didn't say, name of kale
• 37:25
  is an enemy of the month and I read it in Bitcoin magazines,
• 37:37
  the orange pill issue, and it was a beauty ons article.
• 37:41
  The stage is now set to replace Fiat And there's a point in
• 37:45
  there where like it's a big piece.
• 37:47
  I highly recommend you guys read it on bitcoin Magazine's website
• 37:51
  and there's a portion in there where he just thoroughly
• 37:53
  destroys democracy and I think it's just fitting.
• 37:56
  I have a highlighted a sentence or so here, so that we can
• 38:01
  continuously spread this signal and he goes, Democratic doesn't
• 38:04
  equal Fair proper, or right? It doesn't ensure just outcomes
• 38:08
  or restrain, the state from committing mass murder
• 38:10
  democratically. Overproduce Fiat is the fuel
• 38:13
  that powered the mass murder military industrial complex,
• 38:16
  that ravaged the 20th century and now with Bitcoin and plates
• 38:19
  is the world money outrageous. Like this cannot happen again
• 38:23
  because they're simply and literally is no money for it and
• 38:26
  to continue to double down. What is democracy.
• 38:29
  Democracy is a coercive political system where people in
• 38:32
  the geographic area are on, hold on, hold on, hold on, hold on
• 38:41
  for them to run and hide Nico. But go on I'll go on you go on
• 38:46
  dude. I mean that's a dangerous path
• 38:49
  like so what is the alternative voluntary voluntary system like
• 38:54
  Bitcoin? I think.
• 38:56
  I would you know what I would say this Opti I would say this I
• 39:00
  would say that Bitcoin fixes the incentives.
• 39:03
  Therefore I think a lot of like if someone is if someone is If
• 39:11
  someone is democratically-elected right
• 39:13
  now, their incentive is not to do good by the people.
• 39:17
  Their incentive is to get close to the money spigot, right?
• 39:20
  I think if you take away the ability for the state to print
• 39:25
  money, right? All of a sudden politicians,
• 39:28
  their only way of raising money is via direct Taxation and
• 39:32
  you're going to see politicians get elected like get thrown out
• 39:35
  of office very quickly if they start raising taxes in order to
• 39:39
  fund an this war, right? I think that the Money printer
• 39:45
  itself. Basically has misaligned
• 39:47
  incentives, where politicians are working, not for their
• 39:52
  constituents. But in order to maintain power
• 39:56
  because if they maintain power, they get access to the money
• 39:59
  printer. If they get access to the money
• 40:00
  printer, it funds, whatever social program, they want.
• 40:03
  If they want to fund the, they want to fund an endless war in
• 40:06
  order to, you know, get some of the get, some of those kickbacks
• 40:10
  from, from the military-industrial complex,
• 40:13
  right? From the Fence industry, right?
• 40:15
  You know, it's it, I think that's really what's wrong.
• 40:19
  Because what other political system are you suggesting,
• 40:22
  right? You have monarchy, you have, you
• 40:24
  have dictatorship, you have democracy like, you know, I I
• 40:29
  always think of the Winston Churchill quote right which is
• 40:33
  you know he I'm totally paraphrasing here but he said
• 40:36
  basically something along the lines of I hate democracy but
• 40:40
  it's the based best system we have.
• 40:42
  Right. And I think I I feel strongly
• 40:45
  about his statement which is like I'm not a fan but I think
• 40:49
  compared to the other forms of government you know maybe I'm
• 40:53
  wrong, right? I don't know what else like
• 40:57
  think about it, bro. If monarchy is a form of
• 40:59
  dictatorship, a dictatorship is a dictatorship.
• 41:02
  So like at least there is some type of say I just think that
• 41:05
  the the money printer just misaligned incentives.
• 41:09
  Well, I was going to say all that as well, but yeah, it's
• 41:12
  voluntary. Voluntary association between
• 41:16
  humans is the way forward. I really like this.
• 41:20
  That who was it? Diogenes put a democracy is a
• 41:23
  51% attack. I'll just leave it at that.
• 41:26
  No is a great conversation. Anyways, everybody, let's get to
• 41:28
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• 41:57
  Let's go. Is there another ad that we're
• 42:01
  putting in here or do I just go straight into?
• 42:03
  I'm going straight into it. All right, guys.
• 42:06
  So as I've been saying, I guess I'm on this, guess I'm on this
• 42:10
  hell-bent, Warpath to continuously counters like you,
• 42:14
  see, medium fun, and all the bad takes in regards to bitcoin and
• 42:19
  Bitcoin owners in general. And this one is one that really,
• 42:23
  it really, grinds my gears. Anyways, this article was
• 42:26
  dropped yesterday by Mike. Al Goldstein AKA bit seen on
• 42:29
  Twitter and if you don't know who he is, definitely go follow
• 42:33
  him. He's one of the goat, Bitcoin
• 42:35
  content creators, and this article is awesome.
• 42:38
  It will be a little bit of reading, but it's going to be a
• 42:41
  short little economic lessons guys, do not tune out.
• 42:44
  I know, when I say A econ economics class, you're like, I
• 42:48
  don't want to do a class, but I think everyone should know this
• 42:51
  signal. Everyone's a Speculator all
• 42:53
  assets, are speculative assets. So I'm going to get into this a
• 42:57
  little bit. It and there's a bunch of quotes
• 42:59
  and stuff. So the first one is by Ludwig
• 43:01
  von mises and Human Action, a tendency prevails to make a
• 43:05
  sharp distinction between such purely speculative, Ventures and
• 43:09
  genuinely Sound Investment. The distinction is one of
• 43:12
  degree, only, there's no such thing as a non speculative
• 43:15
  investment in a changing economy.
• 43:17
  Action will always involve speculation Investments.
• 43:20
  May be good or bad but they are always speculative a radical
• 43:23
  change. In conditions May render bad
• 43:25
  even Investments commonly. Sidered perfectly safe.
• 43:28
  Again, this is why would mom uses inhuman act and as a bit
• 43:32
  seem rights, and the reason I'm covering this is for this first
• 43:35
  paragraph in general. It is common for critics to call
• 43:38
  into question. The economic rationality of
• 43:40
  bitcoiners for accumulating and saving Bitcoin by claiming that
• 43:43
  Bitcoin is nothing but a speculative asset.
• 43:46
  The insinuation is that Bitcoin is worthless and derives value
• 43:49
  solely from a series of scams or games of Greater fools, but such
• 43:54
  language betrays them as their aspersions revealed.
• 43:57
  Understanding the basic economic thinking the simple reality is
• 44:01
  all action is speculative action, all assets are
• 44:03
  speculative assets. The question that must be
• 44:06
  addressed is not if, but how we should speculate on bitcoin and
• 44:10
  this is something that I've noticed in myself anytime
• 44:12
  someone says, oh, bitcoiners just speculating is fundamental
• 44:16
  thought, like, wow, they don't know.
• 44:17
  Basic economics, but hey, we'll get into it.
• 44:20
  If the future was probably predictable, there would be no
• 44:23
  need to make economic choices. There will be no ability for a
• 44:26
  choice to have an impact on the future.
• 44:27
  Sure. Because the future would already
• 44:29
  be predetermined that humans act with the intent of affecting
• 44:32
  future conditions to their benefit implies a fundamental
• 44:36
  and inescapable uncertainty about the future uncertainty
• 44:41
  exists for two reasons. First, we don't know enough
• 44:43
  about natural phenomenon such that we can predict all future
• 44:46
  natural conditions and we likely never will and second human
• 44:50
  preferences are always, inflect people change their opinion.
• 44:53
  People change what they value and new knowledge and
• 44:55
  experiences shape their ideas about Best means to attain given
• 44:59
  end or whether they want those certain ends, so understanding
• 45:02
  uncertainty requires differentiating, it from risk,
• 45:06
  and in Human Action Ludwig. Von mises does this by
• 45:08
  explaining different types of probabilities.
• 45:10
  The actors must deal with, and we're always dealing with
• 45:13
  insufficient knowledge to make definite claims about the
• 45:15
  future. But we are not always without
• 45:18
  any knowledge at all. And so, I'm over, I'm going to
• 45:20
  skip a little bit of this stuff. So if you really want to read
• 45:22
  this bitch, seen dotsub stack.com, everyone to
• 45:25
  Speculator. I think everyone should read
• 45:27
  this, but But I'm all I'm going to give you guys to meet.
• 45:29
  So Human Action is based on subjective and qualitative,
• 45:32
  qualitative value rather than measurable quantitative data.
• 45:35
  It just us in possible to calculate different
• 45:38
  probabilities of economic outcome.
• 45:40
  We might be able to use factors such as past preference to help
• 45:43
  make a judgment about the outcome of actions, but we can't
• 45:46
  use this to place. Calculable frequencies on the
• 45:48
  outcomes and mises uses an example of a football game pads.
• 45:52
  Victory for one team might give us reason to believe that they
• 45:54
  will win again, but that does not guarantee a lot.
• 45:58
  For the underdog. In fact, if this the game would
• 46:00
  be boring and pointless, most uncertainty that humans face
• 46:04
  deal with the events that are unique to each individual
• 46:06
  circumstance and thus are not insurable.
• 46:09
  We must use other means to deal with uncertainty and mises
• 46:12
  identifies, three ways that we deal with them, certainty
• 46:14
  gambling, engineering, and speculation and there's a whole
• 46:18
  breakdown of the difference of these three things.
• 46:20
  But when dealing with matters involving people's valuations of
• 46:23
  goods, however, humans must engage in speculation.
• 46:27
  In the real world acting man, is faced with the fact that there
• 46:30
  are fellow men acting on their own behalf as he himself acts
• 46:34
  the necessity to adjust his actions to other people's
• 46:37
  actions. Make him a Speculator for whom
• 46:39
  success and failure depend on his greater or lesser ability to
• 46:42
  understand the future. Every investment is a form of
• 46:45
  speculation. There is in the course of human
• 46:47
  events. No stability and consequently,
• 46:50
  no safety preference can change for any reason and they do
• 46:53
  change and a good that is valuable.
• 46:55
  Today might not be tomorrow or by his Ursa an actor's deal with
• 46:59
  this by speculating. They buy or sell Goods today
• 47:02
  based on how they believe conditions will be tomorrow.
• 47:04
  And that being said, these decisions are not made in a
• 47:06
  vacuum actors. Use their knowledge about the
• 47:09
  state of the market as it is, as well as knowledge about
• 47:12
  preferences, beliefs past actions.
• 47:14
  Etc, to make judgments about the future and the most successful
• 47:18
  entrepreneur, entrepreneurs, the most unsuccessful invest.
• 47:22
  There's are those who are most adapt at routinely anticipating
• 47:25
  how people in the future while Those who are unable to do so
• 47:29
  face, losses and continually go out of business and profits and
• 47:34
  loss factor in turn. Serve as learning opportunities
• 47:38
  uncertainty, and speculation than are at the root of the
• 47:40
  market process. It is incumbent upon All actors
• 47:43
  to learn how to respond to Market signals.
• 47:46
  And this is why we love the saying of Marty bent the
• 47:49
  unproductive class. The the talking heads out there
• 47:52
  that they they can say whatever they want from their High box
• 47:55
  there you know High stature You but they are in a different
• 47:59
  position. That's because we have to listen
• 48:01
  to Market signals. We have to inherently speculate
• 48:04
  on the uncertainty of the future while they can just turn on the
• 48:07
  Monte printer and and find whatever they want.
• 48:10
  But all assets are speculative assets and the future is always
• 48:14
  uncertain because there is no constant in Human Action.
• 48:17
  Speculation is unavailable, all action is directed at improving
• 48:21
  future conditions, but we can only speculate on what the
• 48:24
  future will hold and preferences change and Including our own,
• 48:28
  what we want today or what? We think we may want.
• 48:30
  Tomorrow, we may not want when tomorrow actually comes.
• 48:33
  That means strictly speaking every good that we buy and sell
• 48:36
  is a speculative asset. So Bitcoin is certainly a
• 48:40
  speculative asset, but also our pencils cards and ice cream.
• 48:44
  If you are speculating on an asset and you always are, you're
• 48:47
  also speculating on other acid because the buying and selling
• 48:50
  of one good necessitates, the opportunity cost of not buying
• 48:52
  or selling and other good. So while one person may
• 48:55
  speculate on an ass Acid after sophisticated deliberation such
• 48:59
  as a Bitcoin. ER, another simply is a taking a
• 49:02
  hot tip off. CNBC they are both using
• 49:05
  knowledge of input factors that can affect the outcome of the
• 49:07
  event, but dealing with speculative acids, it's not the
• 49:10
  same as gambling. So Everything is speculation,
• 49:15
  but since uncertainty is not predictable, there's no
• 49:18
  insurance for uncertainty instead actors, turn to a
• 49:20
  specific good, the most marketable, good called money
• 49:23
  and then it goes into a breakdown of money, but anyone
• 49:26
  who requires money is speculating, that acquired cash,
• 49:28
  balances will be more valuable in the future than any president
• 49:31
  investment in that purchasing power in the future will be at a
• 49:34
  satisfactory lab-volt. Bitcoin may be a speculative
• 49:37
  asset, but so is the US dollar. So given that everything is a
• 49:41
  speculative asset including My money, it is incumbent for us to
• 49:44
  examine speculative activity, based on the knowledge and
• 49:47
  judgment being made to make the speculation rather than just
• 49:50
  shutting off our minds with legit.
• 49:52
  Look, linguistic, thoughts, Terminators, and this is what I,
• 49:56
  what I always say to people, I just had I just read bits teens
• 50:00
  article and obviously, it is a higher-level economics.
• 50:05
  And what I usually say, but the way I said is all of life is
• 50:08
  speculation every single day, you're speculating on the
• 50:12
  future. You know, whether it's a is this
• 50:15
  sentence going to relate? Well, to my girlfriend, am I
• 50:19
  gonna walk out there and get hit by a car or whether I am holding
• 50:23
  Bitcoin? We are all uncertain about our
• 50:26
  future actions, and we are just speculating on the best course
• 50:29
  of action. So all of life is speculation.
• 50:32
  So anytime someone else tells you oh, Bitcoin is just
• 50:35
  speculation. You don't need to get into an
• 50:38
  economic debate with them. You can basically, you know,
• 50:41
  either have two thoughts in your mind to thoughts in your mind
• 50:44
  either. They are completely uninformed
• 50:48
  and have no basic economic understanding, or they are
• 50:52
  trying to ensure that you don't get into Bitcoin and, you know,
• 50:56
  for lack of better terms, have an evil intent towards you.
• 50:59
  So continuously go down the path, that all of life is
• 51:04
  speculation. Everything you do.
• 51:05
  You're speculating on the future.
• 51:07
  You're trying to ease uncertainty in your future.
• 51:10
  You're trying to make your future life better.
• 51:12
  Anything that you are doing whether it's an investment,
• 51:16
  whether it's just walking outside, whether you know,
• 51:19
  anything it's speculation. So if you hear other people out
• 51:23
  there on corporate press, tell you that Bitcoin is just
• 51:26
  speculation, understand what they want.
• 51:28
  They don't want you to opt out of the madness and so they're
• 51:31
  going to go down these these economic fallacies.
• 51:35
  So that more people get gas lit and so that you know, the
• 51:38
  talking heads out, their sounds smart.
• 51:41
  But really they have no Basic economic understanding because
• 51:44
  all of life is speculation and holding money, has one reason
• 51:49
  it's to eliminate uncertainty into the future.
• 51:52
  We hope we're holding the most marketable, good, which is
• 51:55
  money, and if you understand Bitcoin, as we understand, then
• 51:59
  you are making a bet that more people will come to the shelling
• 52:03
  point, that is Bitcoin. And we will ensure that the
• 52:06
  world has more freedom. I think this is a fundamental
• 52:08
  basic thesis of mind that humans want freedom, human seek
• 52:13
  freedom, and if you give them a choice of a better money, one
• 52:17
  that is designed to steal from you.
• 52:19
  And one that isn't, they will make the best economic choice
• 52:22
  for themselves and their family and they will start holding
• 52:24
  Bitcoin. So the name of the game is, just
• 52:26
  wake up, people out there to the economic truth, that is Bitcoin
• 52:31
  that it is better way to hold and Save.
• 52:34
  And hedge uncertainty. Anyways, Mica, what's your
• 52:37
  thoughts on this? Do you get as mad as I do dude?
• 52:40
  100% And like, look money is subjective money.
• 52:44
  Like not only is life speculative, right?
• 52:47
  There's no certainties in life. I think we've heard that
• 52:50
  thousand times or at least I have for my parents, right?
• 52:53
  It's also probabilities right? And the fact is right.
• 52:56
  That look Look at, you know, the characteristics of Bitcoin and
• 53:02
  you know the characteristics of Fiat.
• 53:05
  If you challenge the characteristics of Fiat your
• 53:10
  discussion your your your points, your the things that you
• 53:15
  bring up, don't get debated, you get character attacked, it gets
• 53:21
  deflected. None of those things are
• 53:24
  actually brought up to discussion and it's including
• 53:27
  how the central Bankers view Bitcoin as well.
• 53:30
  Write it, they see it as a like, the state must control this.
• 53:35
  Trust must be enabled. Intermediaries must exist and
• 53:39
  they're thinking in absolutes, right?
• 53:43
  And and and that to me tells me something, right?
• 53:49
  If you're not willing to actually debate the thing you're
• 53:53
  just willing to just shut down the conversation completely.
• 53:58
  And then bitcoiners are constantly debating constantly,
• 54:01
  because a constant thing, right? Like, even we'd, like, sometimes
• 54:05
  we even destroy each other in the process like bigger blocks,
• 54:08
  no bigger blocks bigger, box, bigger box.
• 54:09
  And there's a fucking War, you know.
• 54:11
  And then one side, one, one side loss, like bro, like, you know,
• 54:15
  it's constantly being attacked. That's what Bitcoin is.
• 54:18
  It's designed to be attacked versus their system and attack
• 54:22
  city like don't hurt me misinformation, there's no
• 54:25
  inflation. What are you talking?
• 54:27
  Talking about, you know, and then and then the things it's
• 54:29
  like you're a danger to democracy like it's like none of
• 54:33
  it is actually debated it's just shut down and then they use the
• 54:38
  propaganda machine to say, you know, El Salvador, dangerous
• 54:42
  disguise, a tyrant. This guy's a liar, it's an
• 54:45
  absolute failure and then you actually look at the receipts,
• 54:48
  it's all a lie. So then just kind of like use
• 54:51
  like just common sense just comments, just break it down.
• 54:56
  The side that is defending Fiat and the current system.
• 55:00
  Hypocritical move the goalposts. When you challenge them to a
• 55:04
  debate, they call you names and they character attack you, and
• 55:07
  then they stand on moral Authority.
• 55:10
  We are the Central Bank. Therefore, you have to trust us
• 55:13
  even though we have Decades of lying to you, right?
• 55:17
  Like if I'm the Argentinian people and you're like, you
• 55:20
  gotta trust the peso Capital controls Capital, whatever it's
• 55:24
  like, bro. There's 95 percent inflation
• 55:27
  like are you stupid? You know, and then the
• 55:29
  bitcoiners are just like look Cap Supply.
• 55:32
  This thing is good meant to go up forever.
• 55:34
  Look at the performance, the last 10 years, just 21 million
• 55:38
  hard to confiscate hard to whatever.
• 55:40
  And you tell them that they're like that doesn't work.
• 55:44
  It has no value. It's speculative it's like
• 55:48
  motherfucker the prices at twenty two thousand nine hundred
• 55:51
  dollars and five years ago it was significantly less what the
• 55:56
  fuck are you talking about and infants?
• 55:59
  Five years from now, right? What's going to happen?
• 56:01
  Then what's the excuse? So this is what I like we've
• 56:05
  brought it up multiple times on simply Bitcoin live like the
• 56:08
  next having both Michael sailor and I'm buchelli are going to be
• 56:14
  Vindicated and there it's getting to a point where the
• 56:18
  media is getting so desperate, they have no excuses anymore,
• 56:22
  they've run out, they didn't have anywhere to go, right?
• 56:26
  So it's gonna be glorious to see.
• 56:29
  And I'm really excited because the amok skies are set at the
• 56:32
  other day and I think he said it perfectly, right?
• 56:34
  If the excuses themselves are suffering from fucking
• 56:37
  inflation, okay? The excuses have inflation,
• 56:40
  right? This is total clown world.
• 56:43
  We see it and the elites are just like, did you guys see the
• 56:46
  video of? I really recommend it.
• 56:50
  Go. They do a singing thing in the
• 56:54
  world, economic for the continuing are Conference of
• 56:56
  2023. And the like the She is like
• 57:03
  whispering in the people. Can't fucking afford food and
• 57:06
  pay for gas because of these fucking decisions is used to eat
• 57:09
  these people and she's like singing like a bird into the
• 57:11
  microphone. Like what the fuck are you doing
• 57:13
  bro? To the birds.
• 57:15
  Like it's so crazy, it's absurd. And then when you take agency
• 57:21
  and you're just like yo like I get your system cool bro.
• 57:25
  I just don't want to be a part of it.
• 57:26
  I'm gonna go into Bitcoin. They attack you, right.
• 57:29
  There's the signal right there, there's a signal, the fact that
• 57:33
  it pisses them off so much and they're freaked out so much that
• 57:37
  you're opting out into a system that they can't control tells
• 57:42
  you everything you need to know that's the signal right there.
• 57:46
  Beautiful article Opti, I really enjoyed it.
• 57:49
  Anyways everybody. Let's get to the numbers show.
• 57:51
  Today is going to be running a little bit long.
• 57:55
  The daily meme review brought to you by Kaboom racks.
• 57:59
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• 58:22
  Let's go. We got, we got a request, we got
• 58:24
  a request. So so you guys know what the
• 58:27
  fuck I'm talking about. Okay, here we go.
• 58:32
  Hold on, I think you need to do it as a, you got it.
• 58:48
  Okay, fine. You know, I'm not gonna make fun
• 58:51
  of anyone's. The Scatman I'm Catwoman.
• 58:54
  I'm not going to make fun of like anyone's art.
• 58:56
  It are, you know, artistic tree or whatever.
• 58:59
  They, the talents that they have and like, I'm not trying to bash
• 59:02
  on that, but what I'm trying to say is that those motherfuckers
• 59:06
  are the same people that are telling you, that you have to
• 59:08
  Central Bank, digital currencies.
• 59:10
  And if you use a gas stove, you're going to destroy the
• 59:13
  planet, right? Like those are the same people
• 59:15
  that are telling you, that which is why I'm bringing it up, it's
• 59:18
  so crazy. It's absurd, it's nuts.
• 59:21
  It's absolutely insane. Right, so, yeah, man, look, not
• 59:26
  making fun of the singing. Everyone's got their own type of
• 59:29
  artistic and like whatever. And like you know all the power
• 59:32
  to you. If that's the type of music.
• 59:33
  You like cool bro. Just leave me alone, please.
• 59:38
  Me alone. They don't want to leave you
• 59:40
  alone. Chester problem.
• 59:47
  All right guys, it's your favorite portion of the show.
• 59:49
  Honestly, that was the first me now.
• 59:51
  Was it all right? You already know, we are in an
• 1:00:00
  information war and you guys are the Frontline Soldier.
• 1:00:04
  So continue to spread the memes continue to ridicule the The
• 1:00:08
  Fiat Max, he's out there just because you sing like, that.
• 1:00:13
  Just because you fucking sing like that.
• 1:00:16
  Like it's like, we sing like that.
• 1:00:17
  We're good. People were morally virtue.
• 1:00:20
  Oh nothing and be happy. Mother fucker like bro like what
• 1:00:23
  the fuck you can have one and not the other.
• 1:00:26
  You can't have to like it just because you feel like you're
• 1:00:29
  morally virtuous and that you're a good person.
• 1:00:31
  It's like look at look at my singing Whatever doesn't give
• 1:00:34
  you the right to coerce other people into your style of
• 1:00:37
  living. Right, like it's eats its ups,
• 1:00:40
  like it's more, it's it's cheap. Moral virtue that you look
• 1:00:45
  behind the hood retiring, its hiding tyranny.
• 1:00:48
  That's literally what it is, right?
• 1:00:50
  It's a facade behind the facade. It's fucking tired me, bro.
• 1:00:55
  It's a lie. It's not based on truth dude.
• 1:00:58
  Anyways, so it's it's absurd, dude.
• 1:01:02
  Pay for gas. They can't afford shit.
• 1:01:04
  They can't afford for good. There's people starving and the
• 1:01:07
  continuing are conference. Some lady bird singing like fuck
• 1:01:11
  man. You know, she's really good like
• 1:01:13
  it sounded great, you know, but on its own, like if you connect
• 1:01:17
  it with what it represents, it's totally absurd.
• 1:01:20
  It's just clown World, clown World personified, shall set the
• 1:01:24
  old school, Millennial? I had the same thought it
• 1:01:26
  reminded me of the alien opera scene in The Fifth Element.
• 1:01:30
  Yes. If, you know, you know, go watch
• 1:01:32
  that movie again. This is where we are in the
• 1:01:34
  movie. Nothing wrong with the singing.
• 1:01:37
  Nothing wrong. With the saying it's just how it
• 1:01:39
  happened where it happened. It look they fucked up the
• 1:01:43
  timing okay they fucked up the timing okay they're talking
• 1:01:47
  about CBD sees taking everyone shit, you own nothing in
• 1:01:50
  whatever. They fucked up that timing you
• 1:01:53
  know? Like maybe if they played that a
• 1:01:55
  Bitcoin called, I'd be like yeah it's dope.
• 1:01:57
  Let's do this, that's cool, that's really cool.
• 1:02:07
  All right. All right this first meme or
• 1:02:09
  second meme sorry s meme by 21 JC LP there's no second best.
• 1:02:15
  What's the second best? There is no second pass.
• 1:02:17
  We got sailor over here with 500 pound dumbbells listening to
• 1:02:22
  bitcoin podcast with Bitcoin sunglasses.
• 1:02:25
  Go in there is no second best and then we got the ante Maxi
• 1:02:28
  down here. No no no crying.
• 1:02:30
  Whoa, Jack because they understand or refuse to
• 1:02:35
  understand that there is no second.
• 1:02:37
  Okay, this next one shows up to Maxie's Club.
• 1:02:39
  Absolutely love these. I'm going to always use them
• 1:02:41
  when I find a good one. This one is number 285.
• 1:02:44
  Just look and we got everyone's favorite.
• 1:02:46
  Alphabet men. Just look at all these Bitcoin
• 1:02:48
  extremists and look at all these Bitcoin extremists just at the
• 1:02:52
  beef initiative, having a barbecue like there's beca there
• 1:02:55
  and you know the Hot or Not the space can I think that's a
• 1:02:59
  rusty? We got yellow.
• 1:03:00
  All we're doing is trying to eat some good barbecue, you eat,
• 1:03:03
  make sure we're nutritious and healthy and hang out with our
• 1:03:07
  friends and have cool. Economic conversations and troll
• 1:03:10
  each other and make each other laugh.
• 1:03:12
  This next one shuts up to revote age.
• 1:03:15
  This is my personal view right here as well.
• 1:03:17
  We got the old senile granny going Bitcoin is still going to
• 1:03:21
  12K and we got the young caregiver.
• 1:03:23
  Sure. Grandma.
• 1:03:24
  Let's get you to bed. There's next one.
• 1:03:29
  This one is, this meme is, by Propaganda Palace, I don't know
• 1:03:34
  who that is. That's that's that's not the
• 1:03:36
  point of this mean. But you can see here, we got
• 1:03:40
  this. This sign warning.
• 1:03:43
  This disc will give you hours of fun and this disc could give you
• 1:03:47
  six months in prison. If you pirate software, you are
• 1:03:50
  a thief. These will be prosecuted piracy
• 1:03:53
  is Steph and the meme is right here by Beauty on.
• 1:03:56
  It goes this relates directly to bitcoin.
• 1:03:58
  All the efforts of the state to stop Bitcoin will come to
• 1:04:01
  nothing future Generations, will look at the pathetic efforts of
• 1:04:04
  the state and it's useful idiots and Lowell that anyone could be
• 1:04:07
  this stupid. Stupid.
• 1:04:08
  And so God, which is as you can see in this poster.
• 1:04:12
  What do we say all the time? History doesn't repeat, but it
• 1:04:15
  Rhymes. This next one, shouts out the
• 1:04:17
  beca or hey Ka DT 2 PT, we got some she goes year. 2050 to you
• 1:04:25
  can see the Bitcoin sunset in the background and we got a very
• 1:04:29
  fit looking sexy woman with an extremely over Beast Man and she
• 1:04:34
  goes and he has .001 BTC. This is true.
• 1:04:38
  Love, there's still hope for all you bitcoiners out.
• 1:04:42
  Savage, Savage, Savage, Savage. Okay, okay my meme review score.
• 1:04:47
  Oh hold on it. Again, I haven't gone through
• 1:04:52
  all my sticker packs yet, but today's meeting review, score is
• 1:04:56
  this Satoshi. Salt Bay sticker.
• 1:05:02
  All right. I said usually I miss I always
• 1:05:05
  forget this God beam of you score chat in the memory of you
• 1:05:09
  in the chat and we'll review it live.
• 1:05:11
  While Nico gets his trinkets out of his junk drawer.
• 1:05:16
  Some orange pills. They actually have a Bitcoin
• 1:05:20
  logo and wow. Yeah, I think I got this out of
• 1:05:24
  Max, Keiser van. This is not drugs on the show is
• 1:05:28
  not drugs okay? It's just orange pills.
• 1:05:31
  This isn't one there. They're Sweet Tarts.
• 1:05:34
  Literally they're just orange bill.
• 1:05:36
  They do nothing those sugar pills or something.
• 1:05:40
  Anyway, give a shout out to her. To d.com Opti and I always wear
• 1:05:47
  the merge every single day. I'm wearing the cam you guys
• 1:05:50
  know. I like the camo one opt.
• 1:05:51
  He's wearing the classic Black by the way, the simply Bitcoin
• 1:05:55
  merge sold out. The, the B-17 hoodie sold out
• 1:06:02
  the camo hoodie. I think there's still some left
• 1:06:04
  and large, you have to get yours while supplies.
• 1:06:07
  Last go to represent LTD.com, you can search simply Bitcoin or
• 1:06:11
  you can click down below. Anyways, up to you, let's let's
• 1:06:15
  get some of the mean score, shall we?
• 1:06:18
  Let's go. We got Previn goes El Salvador
• 1:06:22
  flag. I give those memes. 800
• 1:06:24
  million-dollar reasons to stack more corn.
• 1:06:28
  Let's go. I think that's website.
• 1:06:30
  Plato flip side is off, software release.
• 1:06:33
  We're doing the mean review score know, but it's going to be
• 1:06:36
  a software software. Yeah, we got some technical
• 1:06:39
  difficulties. I forgot.
• 1:06:41
  I forgot. I'm like, yeah, you're trying to
• 1:06:42
  rush it. You're trying to rush away.
• 1:06:43
  We gotta, we gotta prep. I got you.
• 1:06:46
  I got you. Okay.
• 1:06:49
  Is I we got the pee man. Van he goes.
• 1:06:51
  I give these memes a catfight between, Christine and Janet for
• 1:06:55
  off these undying devotion that jokes Never Gonna Die undying
• 1:07:02
  devotion. Yeah, that might be a problem.
• 1:07:06
  All right, Next One. Max Trotter.
• 1:07:08
  I give those memes for Fine. Fresh fried fish, for you?
• 1:07:12
  Okay. Sounds delicious.
• 1:07:14
  I am starving. All right, this next one.
• 1:07:16
  Elaine, shouts out to you. She goes.
• 1:07:19
  I give those As memes Bitcoin, Maxis laughter at the it across
• 1:07:23
  idiocracy at Davos? Yes this is the way.
• 1:07:27
  All right, this next one is Jace.
• 1:07:29
  Emina jasa Menna. I give those memes was it says
• 1:07:34
  j7? I guess I'm gonna, I don't know.
• 1:07:37
  I give those memes a bowl of coleslaw.
• 1:07:40
  Amen. I want some barbecue, you're
• 1:07:42
  making me want to barbecue know. Anyways, the next one, Global
• 1:07:44
  nonsense. I give these memes thirty two
• 1:07:47
  thousand dollars for one Eve gasps feet.
• 1:07:49
  Oof or act, absolutely wrecked snacks when Frank Arn, I give
• 1:07:54
  these memes one. Nico, finally not calling it
• 1:07:57
  Legacy or mainstream but instead calling it corporate press.
• 1:08:01
  Let's go, let's go. Got time for two more Opti.
• 1:08:04
  Okay, the score by Igor or eager goes to score, is shrink
• 1:08:08
  collation and let's see. Last one.
• 1:08:13
  Last one, BTC Berg have that sticker on my bumper?
• 1:08:19
  It's not a score, but okay score.
• 1:08:22
  Anyways, on his bumper. Oh, it's a party in there.
• 1:08:30
  Go to www.ah.mil Simply but coin TV, there's almost there's more
• 1:08:34
  than 700 people in there. Also the written version of this
• 1:08:36
  show shoutouts are awesome Riders, Rustin wanna kiss Zach.
• 1:08:40
  Paul, we just got a macro guy join us simply Bitcoin baby so
• 1:08:45
  definitely want to don't want to come up a little bit coins dog.
• 1:08:48
  We get them all yet. If that dude there's so many
• 1:08:51
  there's so many Shou that's how you guys have to make a list of.
• 1:08:55
  So guys definitely check out Simply Bitcoin dot news.
• 1:08:58
  You don't want to miss the written version of this show
• 1:09:01
  pure hot signal. Anyways everybody let's let's
• 1:09:05
  get some software release, let's do it.
• 1:09:08
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  IO. Alright guys, so today software
• 1:09:38
  release is Zeus and it is version.
• 1:09:41
  Zero point seven point, two beta 1 and the highlights of this
• 1:09:45
  release is you can receive via NFC payment settings, allow the
• 1:09:49
  user to change their default fee limit.
• 1:09:51
  Let's go Ln URL Authority support for lnd Hub and add
• 1:09:56
  ability to get rate suggestions from mempool dot space when
• 1:09:58
  closing a channel and you can see there's a few things that
• 1:10:01
  change but shouts out to Evan and the crew out there over and
• 1:10:05
  Zeus. With the update.
• 1:10:08
  One of well, I think one of the best best lightning wallets if
• 1:10:11
  you have a node that you can connect to yourself, definitely,
• 1:10:15
  definitely use zoos. And of course, if you like the
• 1:10:19
  show and you want to hear the audio only form, we are on
• 1:10:22
  anchor. We on Spotify, we're on Apple
• 1:10:24
  and we already parted the fat are the value for Value economy
• 1:10:28
  on Fallon. I will get your comments your
• 1:10:31
  streams on the Friday show. So you know, continue to clip us
• 1:10:36
  continue to Send us some comments, we appreciate all the
• 1:10:38
  support means a lot to us and you know, just just just help
• 1:10:42
  spread the signal. It doesn't have to be as just
• 1:10:44
  help spread that Bitcoin only signal so that more people can
• 1:10:47
  wake up to what is going on in front of their face.
• 1:10:50
  Absolutely, Amen to that. All right guys, thank you so
• 1:10:53
  much for joining us another episode of Simply Bitcoin live.
• 1:10:55
  Sorry we went ran a little bit late today.
• 1:10:57
  Had some technical difficulties restream, wasn't playing the
• 1:11:00
  videos that we had to do it manually.
• 1:11:02
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• 1:11:04
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• 1:11:07
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• 1:11:19
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• 1:11:22
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• 1:11:25
  Shout-out producer. Jacob for also holding it down
• 1:11:28
  as well. Love you all.
• 1:11:29
  Thank you so much for joining us today and we will see you
• 1:11:32
  tomorrow for brand new episode of Simply Bitcoin live.