Latest / Simply Bitcoin / FIRST European Central Bank Buys Bitcoin & Sends HUGE WARNING To World!! | EP 1376
Transcript
- 0:00The first European Central Bank just bought Bitcoin, and while
- 0:05the rest of Europe and the UK try to pass digital IDs and CBD,
- 0:08CS1 Country is trying to escape. But before we get to all that,
- 0:14let's just remember what Christine Lagarde said very
- 0:17confidently at the beginning of this year in January.
- 0:22This matter that you referred to and whether reserves of central
- 0:27bank should or could include bitcoins.
- 0:31I think there is a view around the table of the governing
- 0:34council and most likely the general Council as well that
- 0:38reserves have to be liquid, that reserves have to be secure, that
- 0:43they have to be safe, that they should not be plagued by the
- 0:47suspicion of money laundering or other criminal activities.
- 0:52And as a result, I'm confident that reserves will not enter,
- 0:59sorry that bitcoins will not enter the reserves of any of the
- 1:03central banks of the general counsel.
- 1:07I had a good conversation with my colleague from the Czech
- 1:09Republic, and I leave it to him to make whatever announcement he
- 1:12wants to make. But I'm confident that he's
- 1:15convinced, as we all are, of the necessity to have liquid, secure
- 1:19and safe reserves. Very interesting take from
- 1:23Christine Lagarde and of course, I we got a full house today.
- 1:25I got Nico Dante and of course Bitcoin Ben with us today.
- 1:30So as you can hear, Christine Lagarde, this was January 2025
- 1:35went out there did this pan on was like there's not going to be
- 1:38any country in the EU that's going to hold Bitcoin.
- 1:41And this was talking about the Czech Republic.
- 1:44This was the very beginning of the year where they started
- 1:46talking about hey, our central bank will potentially add
- 1:50Bitcoin to their reserves. Christine Lagarde came out and
- 1:52said yeah, this is not going to happen by any chance on my watch
- 1:57and here we are Fast forward what 11 months and guess what's
- 2:01happened guys, the Czech Republic has added well, they
- 2:04didn't really add Bitcoin to their reserves per SE, but they
- 2:08did buy Bitcoin. So let me break this down a
- 2:10little bit and then we will chat about it.
- 2:12So again, the big news here, this is coming from I, I can't
- 2:16pronounce this guys, but it's a Czech National Bank, *** The
- 2:20Czech National Bank has purchased digital assets for the
- 2:22first time in its history. They, they are using digital
- 2:26assets, guys, for the purists out there, it's, it's not just
- 2:30Bitcoin, it's mainly Bitcoin, but we'll break it down.
- 2:33So through this U.S. dollar $1 million investment, the Czech
- 2:36National Bank has created a test portfolio of digital assets
- 2:40based on blockchain. It's crazy that we're in 2025
- 2:44and it just still sounds like buzzwords, but you know, it is
- 2:47what it is. In addition to Bitcoin, the
- 2:49portfolio will include a test investment in the form of AUSD
- 2:53still coin and tokenized deposits on the blockchain.
- 2:56The purchase was made outside the CN BS existing international
- 3:00reserves. The total amount invested will
- 3:02not be actively increased. Quote I came up with the idea of
- 3:06creating a test portfolio in January 2025, hence why we
- 3:09started with Christine Lagarde and her reaction to it.
- 3:12The aim was to test decentralized Bitcoin from the
- 3:15central bank's perspective and to evaluate its potential role
- 3:18in diversifying our reserves. The bank board then decided to
- 3:21have an analysis prepared. Subsequent internal discussions
- 3:24brought in the scope to include the future of payments and the
- 3:27tokenizations of assets. As a result, stable coins and
- 3:30tokenized deposits were included alongside Bitcoin.
- 3:33And we will inform the public about our experience on an
- 3:36ongoing basis and present an overall assessment of the
- 3:39project in approximately 2 or three years.
- 3:43So it looks like they either very publicly defied Christine
- 3:49Lagarde or really didn't care what she said.
- 3:53And of course, it's just a test pilot.
- 3:55It is only $1 million, which to us is a lot of money, but from a
- 3:59central bank it's really not that much money yet.
- 4:02So it is a tiny, tiny grain of capital going in.
- 4:06Though of course, this isn't the biggest nation in the EU, but
- 4:10they are an EU nation. And so hey, it does look like
- 4:15all the institutions want your Bitcoin now, guys.
- 4:17So, you know, don't be selling that Bitcoin at this point
- 4:20because you're selling it to a national central bank, which is
- 4:24obviously what we've been trying to do this whole time is
- 4:27separate money from state. So big news for today, Czech
- 4:31National Bank bought Bitcoin, yes, $1,000,000, yes, there is
- 4:35some shit coins involved in this, but it's mainly Bitcoin.
- 4:39And I think the kind of implications here, again,
- 4:41Christine Lagarde came out here very confidently, was talking
- 4:45about we're not going to do this.
- 4:47Fast forward 11 months, they're doing it.
- 4:51It is interesting because we always talk about the fact that
- 4:53all these institutions are not a monolith, that yes, they can
- 4:57come out and say one thing, but it looks like Czech Republic is
- 5:00looking for the escape. And they do have very good rules
- 5:03there, like their laws in the Czech Republic are very
- 5:06favorable for Bitcoiners. We know there's a huge Bitcoin
- 5:09community in the Czech Republic. It sounds like the head of the
- 5:12Czech National Bank is a Bitcoiner, though again, it's a
- 5:15two to three-year pilot project. They're not even going to add
- 5:17more to it. They might even rebalance their
- 5:20holdings eventually. So I mean, not perfect, but I
- 5:24think it is one of those moments that 2025 is showing the
- 5:27institutions are here. They're not going in fully on
- 5:30board on Bitcoin. This is why it's so important
- 5:33for you guys to not be selling your Bitcoin, taking your
- 5:36Bitcoin into custody because they're here and they want your
- 5:39Bitcoin. So since I have such a big
- 5:41panel, I'm I'm going to open it up a little earlier than usual.
- 5:44I'll go with Nico here. Nico, what's your initial
- 5:47thoughts on this? Yeah.
- 5:48So a couple thoughts. First of all, OK, so the fact
- 5:52that a central bank is at least signalling right not 100%
- 5:57confirmed that they have the intention of buying tiny little
- 6:02bit of Bitcoin. I think, you know, I, I think
- 6:06it's a step in the right direction in terms of moving the
- 6:08Overton window. Now the other things regarding
- 6:11Christine Lagarde, I was connecting some some dots the
- 6:14other day. We were covering news, I think
- 6:16it was one or two days ago or this week, is just flying,
- 6:20flying, flown, flown by and essentially in, in the European
- 6:24Union, they're making it illegal to conduct €10,000 transactions.
- 6:30So in cash. So if you have more than €10,000
- 6:33in cash, you cannot use that cash to purchase whatever you
- 6:37want. Simultaneously, around the same
- 6:40time you have Christine Lagarde going out on her ex account
- 6:44announcing a central bank digital currency.
- 6:47Simultaneously you had Apple announced that they're bringing
- 6:51a digital ID to the iPhone. Simultaneously you're talking,
- 6:56you're hearing talk about them bringing digital IDs to Europe.
- 7:00So if you don't think that the $10,000 cap or the €10,000 cap
- 7:07is unrelated to the introduction of CBD CS and Digital I DS, I
- 7:13think you're not paying attention whatsoever.
- 7:16It's not a coincidence. It's completely related.
- 7:19And the purpose for that is super simple.
- 7:23They want to keep you within the system.
- 7:25To use her own words, they see Bitcoin as an escape valve,
- 7:31right? So they need you within the
- 7:33system. If a DVD, if a digital ID gets
- 7:37implemented and the majority of people use it, that is a
- 7:41dystopia. The government will see what
- 7:44apps you're accessing, what food you're eating.
- 7:47Like this isn't a conspiracy theory.
- 7:50Listen, if you look through human history, there's been so
- 7:55many examples of the state or the government, the the the
- 7:59centralization of power, abusing that power in order to maintain
- 8:04power. So what is a problem that a CBDC
- 8:08is fixing? Name me one.
- 8:11I don't think ACBDC would even be a thing if Bitcoin wasn't
- 8:15discovered. I don't think they would care so
- 8:18much. But the fact that they have a
- 8:20competing system, I think freaks the hell out of them.
- 8:24And they're responding by trying to clamp down and building a
- 8:29mechanism to keep you within. And remember, this is soft
- 8:33power. So the way that these digital
- 8:36IDs and these CBDCS will work, and it's not direct coercion,
- 8:41it's indirect coercion. What do I mean by that?
- 8:44So it goes into the whole social credit system, how it works.
- 8:48If you do certain actions or say certain things online that the
- 8:53government doesn't like, they shut off your access to certain
- 8:58things. And if you think, oh, this can't
- 9:01happen in the West, this is only happening in authoritarian
- 9:03countries like like China. Do you guys remember the
- 9:06Canadian truckers protest? They literally shut off people's
- 9:11accounts because of their political ideas, and we are
- 9:16supposed to be living in a democracy or Canada was supposed
- 9:19to be in a democracy. So how could you even consider
- 9:23trusting bureaucrats with even more power?
- 9:27I think it's just a terrible, terrible idea.
- 9:30So, yeah, I mean, it's good, you know, that a central bank is
- 9:34announcing to the world, hey, we want to buy Bitcoin.
- 9:37I think it moves the Overton window.
- 9:39It legitimizes it in the eyes of institutions.
- 9:42But the signal here and not the noise, is the fact that, listen,
- 9:47it's not a coincidence that they're introducing a digital
- 9:50ID. Apple's going around and
- 9:53advertising it as if it's the new F thing.
- 9:55I iPad or something like Steve Jobs is rolling in his grave.
- 9:59Steve Jobs liked privacy like this is nuts.
- 10:02This is crazy anyways guys we are live streaming from mining
- 10:07disrupt in Texas the first time in Texas and of course I'm
- 10:12joined with one of our legendary hosts, one of our one of the
- 10:16most talented hosts that we have the man, the myth legend Dante,
- 10:20he is the most. Talented.
- 10:21He literally. Dante the only one of us that
- 10:26could touch the rim. Dante cook in the house.
- 10:29Hey Dante, thanks for joining. No, we.
- 10:31Could put Jacob on a stool that's we could get him up
- 10:34there. Yo, Nico just went crazy right
- 10:36there. Just three minutes of bars
- 10:37straight, You know, the, the article, the, the, the title
- 10:41was, you know, EU, you know, central bank, you know the Czech
- 10:43Republic buys a $1,000,000 in digital assets.
- 10:46You know, that's a much better title than you know, they bought
- 10:49a single family home in Detroit. They bought M&M's childhood
- 10:53home. My name is Jimmy, his is Greg
- 10:55Buell. Me.
- 10:56Him and you, we went to the same school, so it's not that much
- 11:01money, but it's interesting when you think about the people and
- 11:03how these processes come out, right?
- 11:05This isn't just an off the cuff riff.
- 11:07This isn't a simply Bitcoin live show where we're coming off the
- 11:10cuff with straight bars and straight fire.
- 11:12These press releases are written intentionally by a team of
- 11:16people. So when you talk about what they
- 11:17said they're going to do, they're going to benchmark the
- 11:19performance and the ability to hold these digitalized tokens
- 11:23over the course of two to three years.
- 11:25Now, you look at what actual tokens were named and mentioned
- 11:29in that press release. There's only one, right?
- 11:32So which one do you think in two to three years is going to get
- 11:34the bad rap? Well, they can't actually settle
- 11:36payments. Well, they can't actually move
- 11:37the money. Well, it's actually not that
- 11:39secure. Well, it's actually not this and
- 11:40that. They're going to name Bitcoin as
- 11:43the scapegoat in two to three years because that's the only
- 11:45token and asset that they named in the press release bars.
- 11:48So what you know is going to happen is they're going to
- 11:50create their own digitalized token, right?
- 11:52Which, by the way, not a new and novel concept, right?
- 11:55They just shut down yesterday. They they minted the last penny,
- 11:58right? There is no more physical coins.
- 12:00We will live in a digital tokenized world.
- 12:03That is the dollar today, news flash.
- 12:05But there's only one single asset that cannot be minted in
- 12:09mine without energy and proof of work.
- 12:11We're at the Bitcoin. You know that the mining disrupt
- 12:13conference and that is Bitcoin. And that's why it is a threat.
- 12:15That's why she called it an escape valve.
- 12:18The story is being played out right in front of us.
- 12:20You need to wake up. You need to understand what's
- 12:21going on. And I think the biggest thing
- 12:23that's happening right now that is a counter factual to this
- 12:26sort of report is what's going on with like square, right?
- 12:30Like they just enabled what? What, 58 we're going?
- 12:32To talk about that. Oh no.
- 12:33No, we we got to get to it right now the.
- 12:35Limits the limits, huh? Yeah, yeah.
- 12:36Yeah, yeah, bro. No, no, no.
- 12:37They opened up Bitcoin rails to all their cash out, but dude,
- 12:40there's. Limits bro.
- 12:42OK, we'll chat about it. We're going to chat.
- 12:44About that but Christina Christine her government name
- 12:49like we already know what she's on we know that the type of
- 12:52central banking system that that is going on behind the scenes
- 12:55you're going to see you know potentially Ukraine you're going
- 12:57to see some of these other favored EU nations talking about
- 13:00building an additional tokenized system that's built on the
- 13:04blockchain that is outside of Bitcoin.
- 13:05Bitcoin is going to be the enemy, Mark my words.
- 13:08This is going to be what's going to come out in this report in
- 13:10two to three years. Hot.
- 13:11Take hot take. I completely agree with Dante
- 13:14100%. And of course, we got Ben in the
- 13:17house. Ben just launched private
- 13:19KeyBank Credit Union in El Salvador, made 4 Bitcoiners.
- 13:24Ben, we're on YouTube, bro, please.
- 13:28But I know you got a lot of thoughts about CBD, CS and
- 13:32digital IDs. And my question to you is bro
- 13:38contain yourself 90% but let let us know your thoughts, Ben.
- 13:42You are all right. It's, it's we've, we've reached
- 13:47a point and I just want to bring this up.
- 13:53The head honcho, the CEO of BlackRock is now the leader of
- 13:58the World Economic Forum. But there are people in our
- 14:04industry who are not on our side.
- 14:10We, yes, they go on TV and they say, oh, you know, bitcoins the
- 14:15next this, you know, bitcoins the next that.
- 14:18Yeah. Well then what the hell are you
- 14:21doing leading probably the worst and evil and most satanic group
- 14:27in the world, the World Economic Forum, who has LED us into more
- 14:32wars and they have actually killed more friggin people than
- 14:37any any other entity in the world.
- 14:41And yet what we need to realize is they know what we know.
- 14:47He who owns the Bitcoin has the power.
- 14:52If you truly think that the European Union isn't
- 14:59accumulating a bunch of Bitcoin, they are.
- 15:03You know how BlackRock, because what we're doing is we are
- 15:07transitioning. This is the whole point of the
- 15:12Communist Manifesto is eventually evolve out of the
- 15:17need of the governing of the government.
- 15:22All right, Well, we are evolving out of a government structure
- 15:26right into a corporate structure.
- 15:30That's why Apple is actually going along with the digital ID
- 15:35because we have a group of very wealthy people that were
- 15:42actually put in place generationally to progressively
- 15:48move us into global communism. Now we, we aren't educated or a
- 15:56lot of us average people aren't educated that the system
- 16:03they're, they are not going to roll out and say hi, we're
- 16:06communist. We're here to take over your
- 16:08world. No, what they're going to do is
- 16:12they'll launch BlackRock in 1989 and then they'll legislate and
- 16:19they're put in laws where black, black can accumulate enough
- 16:25shares where they can then manipulate all of the
- 16:29corporations into let's add this sugar.
- 16:35Let's add that sugar. Yeah, How?
- 16:37How do you get rid of Americans? You kill them, but you don't
- 16:43actually kill them right away. You slow kill them.
- 16:47You put a bunch of ingredients. Metaphorically.
- 16:50Metaphorically, metaphorically. Well, I mean.
- 16:55Am I wrong? Show.
- 16:58Show me a cereal that they advertise that's healthy.
- 17:06No, no. It's true.
- 17:07But let, let me, let me, let me clarify for the sake, 'cause we
- 17:11just for the sake of YouTube, right?
- 17:13So it's essentially you're creating an environment with
- 17:18poor nutrition, You're creating an environment where it's very
- 17:24unhealthy for the average American to live.
- 17:28And that's why, you know, they're, they're, they're having
- 17:30these health problems very, very early on.
- 17:33So that's essentially what you're saying then, is that
- 17:35like, you know, they like a lot of these organizations, right?
- 17:41A lot of these international organizations are advocating for
- 17:46things that aren't exactly for, you know, the betterment of
- 17:52humanity. It's for for, for the betterment
- 17:55of people's health, right, for their own self-interest, not
- 17:59actually going out there and using kinetic violence.
- 18:03And you know, I'm sure there's some of that, but the majority
- 18:06of it is, is insidious. It's, it's kind of through the
- 18:09back door. It's, it's, it's incentivizing
- 18:13people to make certain behaviors that is acting against their own
- 18:17best interests and their own health.
- 18:20I. I will say this as nicely as I
- 18:23can. There's a Group, A large group
- 18:28about 200,000 people over the world whose generational agenda,
- 18:36that means their dad was part of it, their grandfather was part
- 18:41of it. Here's a great example.
- 18:45All right, let's talk about the ex CEO of Microsoft.
- 18:51All right, Miss Mr. Bill Gates. How did he actually become rich?
- 19:02Well, he actually purchased what was called Doss.
- 19:07Who did he buy it from? Texas Instruments.
- 19:12Who did Texas Instruments actually actually get the
- 19:17software from? That would be DARPA.
- 19:21And who was his dad? Who was Mr. Bill Gates Dad?
- 19:28The CEO of the largest abortion clinic in the world, Planned
- 19:38Parenthood, right? It's it's again you connect the
- 19:44dots, they're. Not our friends.
- 19:47These this is not people kind of making bad choices that wind up
- 19:52going bad. These are people who have an
- 19:56agenda to progressively eliminate.
- 20:01Enough of us where we're no longer a managerial issue.
- 20:06Now they're bringing in AI, they're bringing in robots.
- 20:10Why do you need humans, Those crazy little useful useless
- 20:16eaters as they call us? Why do you need those when you
- 20:20can just roll up a robot? It's we have to realize that
- 20:25we're at a point where either humanity lives or humanity
- 20:32doesn't. No, it's true.
- 20:36I mean, the, the, the crossroads and again, like a, a great kind
- 20:40of representation of, of this crossroads is I think humanity's
- 20:45biggest existential threat is the continuation of Fiat, the
- 20:49continuation of central banking, which is the source of, of a lot
- 20:54of these evil organizations or, or to put it nicely and
- 20:58politically correct, misguided organizations.
- 21:01I think that once you get rid of the Fiat and the world
- 21:04transitions to a Bitcoin standard, you're going to get
- 21:08much, much more different outcomes, right.
- 21:12So, yeah, I mean, love having Ben on the show.
- 21:15He moves the Overton window like nobody else.
- 21:18But guys, we have a fantastic show for you guys lined up and
- 21:22shout out to everybody who's tuning in 545 on YouTube alone.
- 21:27So shout out to you guys smash that like button.
- 21:29If you guys are enjoying the show before we jump into it, we
- 21:32do want to give a very special shout out to our partner
- 21:36Bitcoin. Well, guys, simply Bitcoin would
- 21:38not be on air without our partners, so we truly appreciate
- 21:42them. If you guys want to support the
- 21:43show, go check them all. They're in the video slash
- 21:46podcast description. We recommend stacking your
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- 21:53What the hell does that mean, Nico?
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- 22:36All right, everybody, let's start the show.
- 22:38We have tons to talk about today and of course, we got Bitcoin
- 22:42Ben in the house. Ladies and gentlemen, Bitcoin
- 22:45Ben launched the bank and El Salvador.
- 22:48We're going to be talking about that in just a bit.
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- 24:09Oh, right. Whoa.
- 24:11What's going on here? What's happening?
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- 24:41survive the test of time. At the time of recording, the
- 24:44Bitcoin price is $99,680. You're buying Bitcoin right now.
- 24:49You're getting it at a 21% discount.
- 24:52Market cap of Bitcoin just under 2 trillion, and the block height
- 24:56is 923,475 S Anyways, I'm sure Opti's got something.
- 25:01Yeah, yeah, for you guys. I got a I'm I'm.
- 25:04Sneaking in another new story on today, 'cause there was a lot of
- 25:06good news. This one is obviously Dante
- 25:09brought it up. So a new feature just rolled out
- 25:12on Cash App where they're allowing you to pay from Cash
- 25:15App over Bitcoin rails using your USD balance, no Bitcoin
- 25:19required. So they literally have just
- 25:22unlocked Bitcoin payment to I believe it's like 58,000,000
- 25:26users. Here's a little more breakdown.
- 25:28So this means for Cash App customers, no taxable events, no
- 25:31decrease in Bitcoin stack, for Square merchants, no fees, no
- 25:34chargebacks and for the world, no middleman, just pure open
- 25:37network feels like the future Across blocks, we will continue
- 25:42to increase accessibility, accessibility to all the
- 25:45benefits of both Bitcoin, the asset plus Bitcoin the network.
- 25:48So essentially to break this down, guys, if you use Cash App,
- 25:53a lot of people do use cash. I literally have been living off
- 25:56cash app for like the last three years, guys, not going to lie,
- 25:58full Full disclosure here. And so you could literally you
- 26:02don't even have to have Bitcoin in your account.
- 26:04You could send dollars and in the app it will ask you, do you
- 26:08want to send dollars or Bitcoin to the person?
- 26:11So you'll, you're sending dollar value from your account and then
- 26:15the person receiving it can receive it in Bitcoin.
- 26:18Now, I know a lot of people, maybe you're thinking like,
- 26:20well, you know, this isn't really using Bitcoin
- 26:23peer-to-peer here, but it is unlocking Bitcoin to a whole new
- 26:28network. I know Strike does something
- 26:30very similar, but I would argue Cash App is a way bigger
- 26:34financial app. So this is going to a whole new
- 26:37market of people. Obviously, they're still going
- 26:39to need some education on this, but Cash App actually rather
- 26:43Jack Dorsey, whether it's bit key, whether it's Square,
- 26:46whether it's Cash App, he is doing exactly what he's been
- 26:49saying the last couple of weeks that he wants people to use
- 26:52Bitcoin as money. And he's literally putting his
- 26:55mouth where his money is right now, like he is unlocking all of
- 26:58his apps to use Bitcoin. So you absolutely love to see
- 27:02it. Now I'm going to open this up to
- 27:04you guys because you guys were talking about something here.
- 27:07So maybe it's Dante, Maybe I go to Dante first.
- 27:09Dante, what were you mentioning earlier bro?
- 27:12This is massive. This is monumental.
- 27:14You know, besides the fact that Jack Dorsey is one of the
- 27:17original, you know. Wait, wait, wait.
- 27:19Are you going to do this? Are we going to do this?
- 27:21No, no, we're. Not going to do it, we're not
- 27:22going to do it. We're not going to do that.
- 27:24But the fact that like, so you think about this like a
- 27:27restaurant, like a merchant, one of the one of squares, 4 million
- 27:30merchants. You think about a restaurant
- 27:31profit and loss statement, you've got 30% food, you've got
- 27:3530% labor and you've got 30% OpEx.
- 27:37They try to hit a 10% profit number if you're trying to put
- 27:40together AP and L for a restaurant.
- 27:41So when the overall percentage of your revenue is 3 1/2% credit
- 27:46card fees, 30% of their profit, it goes to a credit card
- 27:50network, right? This doesn't even factor in
- 27:52chargebacks. This isn't factor in anything
- 27:54else. Think about walking into a
- 27:56restaurant like I paid for that bread 2 weeks ago out of my
- 27:59inventory. I've got to pay my waiters and
- 28:01my waitresses that single day once they get their tips.
- 28:03But your payment, when it comes in, I don't get paid for another
- 28:06five to seven days. So you have the length of cash
- 28:09conversion cycle. So everyone talked about
- 28:11bitcoins not practical for buying coffee.
- 28:13It's always been practical for buying coffee.
- 28:15There was just never the rails or the platform or the app to
- 28:18unlock that capability. So now with the Cash App app,
- 28:21people can walk into a Starbucks, they can walk into
- 28:24whatever sort of coffee shop of their preference, and they're
- 28:27going to have a 30% profit increase overnight, right?
- 28:32This has nothing to do about whether they know about Bitcoin,
- 28:34whether they care about Bitcoin at all, because I can use my
- 28:37U.S. dollars, it'll go over Bitcoin rails and then they can
- 28:40convert that to Bitcoin, which they can stack, which further
- 28:42supports the network. They can convert that to Fiat or
- 28:45they can take a Fiat payment and convert it to Bitcoin.
- 28:47You have all of the single rails that are available with one
- 28:50single payment experience. So this boosts the profitability
- 28:53overnight. This decreases the cash
- 28:55conversion cycle for business owners all across America.
- 28:58And so this is going to be a slow but steady educational
- 29:03process for people when they see that sign paying Bitcoin and
- 29:07we'll give you back a reward. What if they start to share
- 29:09those reward back? Hey, we'll give you back an
- 29:10extra percent. We'll give you back 2% with no
- 29:13credit. That's the thing.
- 29:14We're removing credit from the system because they're doing it
- 29:16on actual debit transactions where we don't even have to use
- 29:20future credit for it. So this is going to unlock a lot
- 29:22of payments. This is going to unlock a lot of
- 29:24bitcoiners for the first time. And I think it's a massive,
- 29:27massive news. Yeah, I completely agree with
- 29:30Dante. I mean it the the Dante, one of
- 29:33the things that you mentioned that really stuck out to me was
- 29:35the fact that people are getting exposure to Bitcoin without even
- 29:41having to know Bitcoin. Yeah, right.
- 29:43And that's, you know, the beauty of it, right?
- 29:45This is the whole point of the Bitcoin network.
- 29:46This is open monetary network that is superior to the the
- 29:51current existing networks today. But again, I think one of the
- 29:55biggest friction points for people is the educational
- 29:59component. But the way that Square threaded
- 30:03the needle with this is that, again, they're using the
- 30:06technological advances, the capabilities that the Bitcoin
- 30:08network offers without directly advertising to people.
- 30:12Hey, you have to use it now. They give the option.
- 30:15I agree with you, Dante, 100%. I think that over time, people
- 30:19are going to say, you know, let me try that out.
- 30:21Like, that doesn't seem like such a bad idea.
- 30:24And I think the Bitcoin movement, at least in the United
- 30:26States and worldwide, is just in its infancy.
- 30:29Like Bitcoin only media is just in its infancy.
- 30:32There is no channel that has a million.
- 30:35The fact that our industry, right, has no channel that has a
- 30:39million subscribers tells you how small this is, right?
- 30:44We're just in the beginning. I think over the next 10 to 15
- 30:47to 20 years, the idea of Bitcoin, the ethos of Bitcoin
- 30:52are going to become mainstream. But in order for that to happen,
- 30:56you need these types of products being developed, You need this
- 30:59type of infrastructure being rolled out.
- 31:03And to be honest with you guys, like I love, I love a lot of, I
- 31:06love every Bitcoin startup, but you need a heavy hitter.
- 31:10You need someone like Block that is well capitalized, that is
- 31:15able to invest in the R&D, is able to invest in the technology
- 31:19and the software in order to roll this out on a national
- 31:23level. Let me.
- 31:24Add one more piece that I think is really critical because I
- 31:26haven't dug into the technicals on this, but what what is
- 31:29actually happening is because right now you have the minimus
- 31:31capital gains right the cost of the any transaction under I
- 31:35think I don't they haven't fully passed the laws and the rules,
- 31:37but you would have capital gains taxes on these Bitcoin events.
- 31:41What's actually happening is that they're using Bitcoin
- 31:44between Square or Cash App in the seller and therefore there
- 31:47is no transaction. There is no sale from Bitcoin to
- 31:51Fiat, which would trigger a capital gain.
- 31:54What they're actually doing is Square is the intermediary.
- 31:57They're doing it instantly over time.
- 31:59So there's not actually going to be any taxable events.
- 32:01That's another big thing too, because people would say, well,
- 32:03what what would happen if I actually, you know, spent my
- 32:05Bitcoin and I would have a, you know, capital gains tax?
- 32:08Well, they were moving that barrier, at least on the
- 32:10business side, but even on the consumer side, because you don't
- 32:13actually have to use Bitcoin. I 100% agree it's very exciting.
- 32:18Also got to say this as well is you know a lot of people say
- 32:21elections don't have consequences.
- 32:23I think none of this would have happened if you didn't have a
- 32:27pro Bitcoin administration going into the White House, ending
- 32:32operation choke .2 point O and getting two key pieces of
- 32:36legislation 1 already over the finish line.
- 32:39The genius act, the stablecoin Act and the clarity Act, which
- 32:43if you look to any of the Washington, you know, sources or
- 32:47insiders say has a very high probability of passing either,
- 32:51you know, this year or early next year.
- 32:54And I think that would be massive from a regulatory
- 32:56clarity perspective, but also giving clarity to entrepreneurs,
- 33:00giving clarity to businesses as what Dante was saying, like
- 33:03think about it from a tax implication perspective, right?
- 33:06Because if there isn't this, you know, at least this minimum
- 33:10amount of Bitcoin that you can spend without having at the end
- 33:13of the year to go and calculate the capital gains.
- 33:16That's a huge misincentive or I don't even know if that's a
- 33:20word. But you guys know what I'm
- 33:22saying, for people not to use Bitcoin as it was designed to be
- 33:26used, which is as money. Ben, I'm going to push this on
- 33:30to let me. Let me say one thing because I'm
- 33:31going to get Ben going right here.
- 33:33So there was this approval that came out when in our childhood
- 33:36that was called I robot Will Smith, right?
- 33:38So basically there was this brilliant scientist who
- 33:41developed this robot that had this, you know, artificial
- 33:43intelligence and this thinking, I forget the name of the big
- 33:45corporation, but that it was. But literally there's a scene
- 33:48where they're driving through the middle of the highway and
- 33:49this this robot bus turns to the side as Will Smith was driving.
- 33:53All the, all the robots jump out.
- 33:55Go watch Tesla's big Optimus reveal and you see literally
- 34:00that same bus. From 2. 1000 in in the actual
- 34:04reveal that was in the movie it's actually insane if you
- 34:07think about it, they're actually telling us something here, but
- 34:09there's a robot that they program that doesn't have all
- 34:12the same capability they he he left him human right he left the
- 34:15part of this robot human and the robot's name was sunny right.
- 34:18So when you think about like what Square is is doing in a
- 34:22way, right? You guys got it.
- 34:25You guys like bro, like literally it's the same bus that
- 34:29is insane. They're telling you that we are
- 34:32fitting to take over the world with these robots.
- 34:34And if you don't have a sunny bro, you got issues.
- 34:37So what Square is doing, right? This is a programmable sunny,
- 34:41right? We're, we're trying to
- 34:42incorporate a sunny, a robot with human features with
- 34:45limitations, with connections as we move into this tokenized
- 34:47world. We talked about.
- 34:48They just minted the last penny last year.
- 34:51They lost $86 million on pennies.
- 34:54We don't have pennies anymore. So this is a fully digital
- 34:57tokenized world. So we need to have a sunny robot
- 35:00or a digital payment rails outside of the tokenized system
- 35:04that will allow us to fight back with the system if there was no
- 35:07Sonny and no Will Smith, but he might also be a part of that
- 35:10too. I mean, Ben might get going on
- 35:12that. But literally like, what's our
- 35:16fight? What's our fight back from CBDC,
- 35:18from digital tokens in this whole world, right?
- 35:22Man I love Dante's references. I'm picturing I Robot as if I I
- 35:27watched it yesterday. Fantastic.
- 35:30Dante Niko wants to replace me with a Tesla Optimist.
- 35:34You know that the Tesla robot is called the Optimist, right?
- 35:38Bro that's crazy he wants. To he wants.
- 35:39To buy one, yeah, that's what I'm.
- 35:43Saying. All right, so.
- 35:46I want to get at least two. I'm going to.
- 35:47I want to get 2. Optis he wants to get an opti
- 35:50that agrees with him. An agreeable opti and then like
- 35:55hyper aggressive opti, right? That's the besides the first
- 35:59part. I wake up in the, I wake up in
- 36:01the morning. I'm like, hey, Opti, could you
- 36:03make me a sandwich? One of them's going to say, of
- 36:05course, Nico, I would love to the other one.
- 36:07The other one's going to say what Opti would regularly say
- 36:11anyway. Anyways, let's get Bitcoin
- 36:12vents. Go F yourself.
- 36:15Yeah, everything you actually said is exactly right.
- 36:21I mean, we've we've reached we've reached a level
- 36:26technologically where humans are are no longer as valuable as we
- 36:32used to be. We are, let's just say they look
- 36:38at us as they're gold and these new Rove bots are Bitcoin
- 36:47because just like the robots, it doesn't argue with you.
- 36:52You send it, it doesn't argue. It just goes.
- 36:55That's, that's exactly what Bitcoin does.
- 36:58There you go. And and what what they're
- 37:03rolling out in Cash App, this is what I want people to wrap their
- 37:08heads around. This is only unique in America.
- 37:12Everyone else in the world, they're actually doing exactly
- 37:18what we are about to do as soon as we receive a couple dollars,
- 37:23we rush and we exchange it for Bitcoin over over in Europe and
- 37:30areas in like the Middle East and Africa and I get hell like
- 37:34South America, they'll actually they'll actually get paid in
- 37:40their local currency. Then they head over and say,
- 37:44look, I, I have EUR or I have this or I have that.
- 37:49Let me exchange this for U.S. dollar, US currency.
- 37:55They're flipping out of a shit dollar into what they perceive
- 38:02as a better dollar. Well, we know and a lot more
- 38:06people are learning the US dollar is just a really big shit
- 38:12coin. It's it is EOS on crack.
- 38:19Like that's what. The US dollar is well.
- 38:23It's, it's, it's, it's the best piece.
- 38:26It's the best piece of shiitake in a shiitake bucket, right?
- 38:30Like, like I've said, you know it, there's a lot of dung.
- 38:34The dollar is the best piece of dung.
- 38:37The. Warmest.
- 38:37Piece. It's, it's we are living in a
- 38:41world that is corrupt. All of the money except the
- 38:46Bitcoin is corrupt. This is what people have to
- 38:51realize. The Federal Reserve.
- 38:55There are so many people in the US and everywhere who are
- 39:00arrested for manipulating the market.
- 39:05Our system is actually based on manipulating the market of the
- 39:10currency. Hey SEC, why don't you go over
- 39:15and arrest a few people at the Fed because that's the source of
- 39:21the manipulation. And everything rolls off of that
- 39:26like we're, we are going to adjust an illusionary interest
- 39:32rate and then we're going to send out currency or we're going
- 39:37to bring in currency on that interest rate.
- 39:41Let's all be honest with America, where we're at now, our
- 39:47interest rates should be in the 20s.
- 39:50We got shit credit, right? We, we are sitting at, we're
- 39:56sitting at about 5:20 and we're applying for a home loan.
- 40:04Come on, man, let me get that house.
- 40:06Come on. I don't know why I got you a
- 40:07credit and and I want a low interest rate on that loan.
- 40:13It's all a system that was created to destroy our labor
- 40:19value and roll it up into the government.
- 40:22It isn't a coincidence the federal government has gotten
- 40:26bigger and the average middle class has gotten smaller.
- 40:32It isn't because there's less people.
- 40:35There's a lot more people. The problem is, is all of the
- 40:39value add was rolled up into the government using the Federal
- 40:45Reserve, using taxation, and we have actually been robbed.
- 40:51And nothing against everyone listening.
- 40:55I'm watch. I'm literally watching people
- 40:58freak out the bitcoins. Only at 99,000 brother.
- 41:04We are. It is 1973 and we're from Cuba
- 41:10and we're going to Miami and you are fucking complaining that we
- 41:17aren't there yet, right? We're on the journey and you're
- 41:24like, well, we're almost free. But for some reason the waves
- 41:29they keep kind of pushing us back a little bit.
- 41:32Fuck it, turn around. Let's go back to Cuba, right?
- 41:37That's not how you win your freedom.
- 41:39You don't win your freedom. Worried about their manipulated
- 41:43money. You win your freedom,
- 41:46accumulating the people's money. That's how we win this.
- 41:51We win when, number one, we have to get used to telling people to
- 41:57have a hot cup of fuck off, and that includes people from the
- 42:03government. George Washington was a
- 42:08revolutionary from the point of view of the King.
- 42:14George Washington is one of our greatest heroes.
- 42:19George Washington would slap the shit out of every single one of
- 42:23us right now. Well, Ben, I found a picture of
- 42:28us on the rafts escaping. That's awesome.
- 42:34But yeah, man, that. Much hair.
- 42:37Dude, this is, you know, we, it would be a lot.
- 42:40We would be clean shaven in a nice yacht, but we're currently
- 42:44at 99,000. So I think it's a, it's an
- 42:46appropriate image. It's appropriate image.
- 42:49Anyhow, it's it's OK guys, we're at 99,000 shit dollars for one
- 42:59freaking Bitcoin. Which is more valuable?
- 43:03Oh man, well, dude, super, you know, super obvious answer to
- 43:07that question, obviously. Clearly it's Bitcoin.
- 43:10It's an opportunity for you guys to buy it at a discount 21%
- 43:13right now. If you're buying some, some
- 43:15cheap Bitcoin, it's looks like it's going to go into the 98K
- 43:20region. So make sure to smash that like
- 43:22button, smash some Bitcoin, smash, buy some Bitcoin on
- 43:25Bitcoin. Well, you guys, it's going to be
- 43:27an incredible show. So we still got 2 segments to
- 43:30cover. Opti's got some news lined up.
- 43:32And then of course, we're going to be talking to Bitcoin Ben
- 43:36about Private KeyBank and El Salvador and also Bitcoin Ben's
- 43:40clubs, which he has all over the United States.
- 43:43And also Bitcoin Ben Resorts, which he is launching in El
- 43:47Salvador, which Ben, you promised me we could do a show
- 43:50from one of your resorts, man. I'm super looking forward to
- 43:53that. You guys smash the like button.
- 43:56I think we're on the verge of breaking 600 live viewers on
- 43:58YouTube alone, and of course, 1000 live viewers across all
- 44:01platforms. Smash the like button and we're
- 44:03going to be right back in just a bit.
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- 47:25Opti. I know we were talking, we've
- 47:27been talking about this subject for a a while for a while now,
- 47:33but anyone the TLDR guys, is this right?
- 47:36And we've been actually, dude, we've done such an incredible
- 47:39job covering this because we've been covering it for two months.
- 47:42So let me give you guys the the full context.
- 47:44So you guys fully appreciate the situation and where we are in
- 47:48the movie. And then I want you guys to
- 47:49connect the dots with all the things we were talking about
- 47:53earlier regarding the digital IDs and the CBDCS.
- 47:57What they're trying to do is that they're trying to
- 47:59villainize and criminalize privacy, even though
- 48:03specifically it is protected by the Constitution.
- 48:07It's literally one of the amendments.
- 48:09No unreasonable searches and seizures.
- 48:11That's just gone by the wayside. But this is what's happened
- 48:15during Operation Choke .2 Point O during the Biden
- 48:18administration. We told you guys when they
- 48:22arrested the Tornado Cash developers and they used the
- 48:26justification that it was because they were going after
- 48:29the Lazarus group or this North Korean hacker group.
- 48:33We told you guys that it was going to set a very dangerous
- 48:36precedent. Why?
- 48:38Because the government was trying to make the case that it
- 48:42could sanction open source software.
- 48:45You know what else is open source software?
- 48:48Bitcoin. Now connect that with everything
- 48:51we just said in the beginning of the show regarding Christine
- 48:54Lagarde calling Bitcoin an escape valve.
- 48:57So you think all of those things are coincidences?
- 49:00After the Tornado Cash case went forward, Coin Center counter
- 49:04sued the government and say this is unconstitutional.
- 49:07They lost that case. The moment they lost that case
- 49:11within a month, they arrested the Samurai wallet developers.
- 49:17They acted methodically, strategically, and they went
- 49:21after a relatively obscure unknown mixer, which was Tornado
- 49:27Cash. So I know what a lot of you guys
- 49:29are thinking, Nico, I don't care about Tornado Cash.
- 49:32I don't care about Samurai. I don't care about these things.
- 49:35Well, you should care because you can't have freedom without
- 49:40privacy. And this idea that the world
- 49:42can't function if the states or the government doesn't take a
- 49:48look and know everything that you do is absolute ludicrous.
- 49:53It's it's, it's, it's nonsensical.
- 49:55They need to have that coercive system to keep you using the
- 49:59money that steals from you. That's what it boils down to.
- 50:04They need that. They need to be able to surveil,
- 50:09to coerce you to use money that steals.
- 50:13That's what it fundamentally comes down to.
- 50:15So I had to give that context. Opti, if you could pull up the
- 50:19article, this is the latest regarding the Tornado Cash
- 50:23development case. We celebrated tremendously
- 50:27regarding Trump's victory. We had a pro Bitcoin president
- 50:30in the White House, anti CBDC president in the white in the
- 50:34White House. But simultaneously, guys, we've
- 50:37lost ground when it comes for the battle for privacy.
- 50:43We've lost a lot of ground If they're rolling out, if Apple is
- 50:48rolling out an effing digital ID on their iPhone and their
- 50:53advertising and they're very happy, happy about it.
- 50:56And again, the the samurai guy is serving five years in prison.
- 51:00He just got sentenced. We're not heading in the right
- 51:03direction. And the most difficult thing
- 51:05about privacy is that most people don't give a flying F.
- 51:11They just don't care. And the problem is that they
- 51:15won't care until it's too late, when it's too late and when they
- 51:19start to care, when they start to say this is a little bit too
- 51:23much, it's too late to do anything about it.
- 51:26So it's incredibly important we hold the line where we are right
- 51:30now. Anyways, wanted to give you guys
- 51:31that context. Want to pass it to Opti.
- 51:34Yeah. Yeah, thank you.
- 51:35So for the audio listeners, of course, the headline, this is
- 51:37from the rage. You guys know, I've been I've
- 51:39been talking about Lola Elites highlighting a lot of the work
- 51:41she's been doing, or rather the whole rage team.
- 51:45Lola's just kind of the figurehead here.
- 51:46Anyways, the headline is Roman Storm should not be acquitted.
- 51:50Government says quote, the jury reasonably concluded that
- 51:53Tornado Cash transferred funds to the government states, of
- 51:57course, in October, the Tornado Cash developer Roman Storm, who
- 52:00was found guilty of conspiring to operate an unlicensed money
- 52:03transmitter earlier this year, and the SDNY filed a motion for
- 52:07acquittal on all counts. At trial, the jury was unable to
- 52:11come to a conclusion on whether Storm conspired to commit money
- 52:14laundering and conspired to violate U.S. sanctions,
- 52:17resulting in a deadlock. But now the government has filed
- 52:21its opposition, arguing that Storm's motion for acquittal
- 52:25should be denied because Tornado Cash did transmit user funds.
- 52:30Can I? Jump in, Yeah.
- 52:31Yeah, go for it. OK.
- 52:32So if you guys want to know why Satoshi is anonymous, why
- 52:38Satoshi disappeared, This is why.
- 52:41This is why. This is literally why he
- 52:43disappeared, right? Because what the government is
- 52:46trying to make the case for is Tornado cash is open source non
- 52:52custodial. Meaning Roman never actually had
- 52:56access to people's money. The government is trying to make
- 53:00the case that because he developed a software, he is
- 53:05somehow responsible for people using that software for illicit
- 53:10means. Even though the majority of
- 53:12people that were using Tornado Cash and Samurai were not using
- 53:17it for illicit purposes, they were using it for privacy.
- 53:21So again, it's an extremely slippery slope.
- 53:24Now, the other thing that I wanted to added while while Opti
- 53:27was covering the the article is why is this happening now?
- 53:32Why did the government say, hey, you know what?
- 53:35Actually, even though the jury was deadlocked, you know what?
- 53:38We don't actually want to drop this case.
- 53:40You want to know why? Because the samurai guy just got
- 53:43convicted and just got sentenced to five years in jail.
- 53:47They have. They.
- 53:48Have the precedent now, right? They didn't have the precedent
- 53:52before. Now they do.
- 53:54And now they feel emboldened. And what they're going to do is
- 53:58they're going to make an example out of him, just like they did
- 54:02with Ross Olbrich Opti. No, I I think that's, that's all
- 54:07I really wanted to cover of this article.
- 54:09That that's the meat potatoes. But Ben?
- 54:10Ben wants to pop in here. Ben.
- 54:13Again, we are on YouTube so you know, be be a little nice to us.
- 54:20Oh, I love you guys. Fuck this judge or whoever or
- 54:26the prosecutors or the government.
- 54:28This is our problem, guys. We have to realize we're ran by
- 54:33the largest mafia. That's OK.
- 54:37Hold on, Ben, Ben. Ben.
- 54:39Ben feels very strongly about the judge, right?
- 54:42And we feel very strongly about the judge too.
- 54:45And yes, when the government gets so big, right, you can make
- 54:49very strong parallels between, you know, like they kind of
- 54:55operate like a a, you know, like a very organized cartel behind a
- 55:01seal of legitimacy, right? So that's what Ben was trying to
- 55:04describe. Let me.
- 55:07Let me rephrase that. The government is just a group
- 55:16of people who create an environment and usually create a
- 55:24flag that we can all salute. And then they set a precedence
- 55:30of we're the government, you are the governed, and you will do
- 55:37what we say. And just like any other
- 55:40organization or corporation or whatever, their sole goal is to
- 55:45enforce their authority. That's what the government is,
- 55:51because really the government all satisfied the government's
- 55:58only weapon is violent. Whether they arrest you or they
- 56:02shoot you or whatever, the government, if you do not
- 56:07comply, they say they can legally bring violence to you.
- 56:13Now let's this is good. This is going to go a little
- 56:17deep. Legalism actually is an infant
- 56:24Chinese way of of organizing a government.
- 56:31They were the legalists in the ancient Chinese world.
- 56:36Legalists were the largest egg in China and legalists
- 56:44implemented the concept of government law.
- 56:51And what we have to realize is for thousands of years, law is a
- 56:58tool, is a weapon of the government against the people.
- 57:05So as and I feel for these guys who are going through this and I
- 57:12will be making some telephone calls to Washington, DC.
- 57:17Someone needs to unplug this because we've we've reached a
- 57:25point when the government is no longer acting in the interest of
- 57:33the American people. It is our obligation to lead a
- 57:38revolution against them. No, no, I, I am not saying
- 57:44violent. I mean, go out and vote.
- 57:47Yes, yes, absolutely, absolutely.
- 57:50There needs to be a, a, a, you know, a peaceful revolution of
- 57:53the people to stand up and say, listen, what's going on?
- 57:57But Ben, I'll, I'll even add to that and I'll say, listen, I
- 58:00think that I'd, I'd, I don't think a government would be a
- 58:04government by the people, for the people.
- 58:07I don't think it would be possible unless we, we end the
- 58:10institution of central banking. Until we do that, the government
- 58:15is incentivized to. They're not incentivized to do
- 58:18good by their constituents. If they have another source of
- 58:21revenue that again, they're unaccountable, they can just
- 58:26print the money they want. They could pay themselves, They
- 58:29can fund themselves. They have no incentive to, I
- 58:32mean. To change, right?
- 58:33It's this is what I was just in Washington, DC last week and I
- 58:39hate that place. That place feels evil.
- 58:42It is hell Incarnate and I'll tell you why.
- 58:45Washington DC is beautiful. They got beautiful buildings,
- 58:49they have high end restaurants. They have all this beautiful.
- 58:53The roads are gorgeous. Guess what?
- 58:55They don't produce Jack shit. I you know what they do?
- 59:00They're leeches off of the labor of the American people.
- 59:04That's what they are. That is, that city was created
- 59:08on the backs of the American people.
- 59:11And we, for some reason, we keep on kneeling down and giving me
- 59:17old. Yeah.
- 59:18Yeah, yeah, yeah. We get it, We get it.
- 59:20Let let's get Dante in here, but in the interest of time, because
- 59:23we do want to give a lot of time for Ben to talk about his
- 59:27project. So Dante, you want to jump jump
- 59:29in here real quick. Do come on.
- 59:31Dante, I know you got something to say.
- 59:33Bro, no, I think y'all covered it.
- 59:35And then I, I think honestly it's it's, it is really critical
- 59:40because it's the line. The culture is what they say is
- 59:44what you allow, right? And when the bar for what you
- 59:47allow becomes we are going to prosecute anyone who is against
- 59:52our ability to surveil, curtail or control, right?
- 59:55That becomes the new bar in the new standard upon which
- 59:57everything and every foundation that you live by is built upon.
- 1:00:01And so that infringes into all corners of your life, right?
- 1:00:04This is our open source development in terms of wallets
- 1:00:07and Bitcoin. This goes into what we watch on
- 1:00:10our TV's. This goes into what we buy and
- 1:00:12what we eat. So when you talk about the
- 1:00:14arrows of progress, they will call the arrows of progress.
- 1:00:17When we connect this back to the EU and CBDC's and digital
- 1:00:20dollars, they call this. Progress, this is not progress.
- 1:00:24This is anti freedom. This is collusion at the highest
- 1:00:27levels, right? But it's being masked in the
- 1:00:29form of legislation and policy, which is what you know, Ben, I
- 1:00:33think you were getting that too with with legalism and going
- 1:00:35back to the history of that in that term and where it came
- 1:00:37from. So it becomes a new bar, becomes
- 1:00:40a new standard. And the slope is slippery.
- 1:00:41It's not one that you can come back up on what you start
- 1:00:44sliding down. So I agree with everything that
- 1:00:46you guys said. It's important.
- 1:00:48Understand it. Vote with your wallets, vote
- 1:00:51with your dollars, vote with your participation, vote with
- 1:00:53your action, vote with where and how you you, you, you tend to
- 1:00:57spend your content, your money, your energy, right?
- 1:01:00And all that's going to flow towards a system that you either
- 1:01:02believe in or a system that you don't believe in.
- 1:01:05But you will have no control or no power to change what you're
- 1:01:09living in. Absolutely.
- 1:01:11Amen. To that real.
- 1:01:12Quick, this is what I want everyone to hear.
- 1:01:18Everyone should go to their job and say I want to be paid.
- 1:01:22I want to be paid in Bitcoin. Work for the system that you
- 1:01:27want to see when that's what. If you're a good employee, your
- 1:01:32boss will figure it the fuck out.
- 1:01:37Right. Put that on them.
- 1:01:39You say I work for freedom money.
- 1:01:42I don't work for slave money. That's.
- 1:01:46How you change the system and everyone should hop on Cash App.
- 1:01:52I've never used Cash App. I'm going to use it now, all
- 1:01:56right? Because this is a movement and
- 1:01:58we the people have to lead it. It's why I lost my credit union
- 1:02:03in El Salvador, because we either we create the new system
- 1:02:10or BlackRock does. Someone's going to create it,
- 1:02:15and it should be us, all right? Everybody, we're going to hit
- 1:02:19the culture segment. We're going to be talking to
- 1:02:21Bitcoin Ben about Private KeyBank.
- 1:02:23We're going to be right back just a bit.
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- 1:04:28All right, everybody, we are back.
- 1:04:31Hey, what? Hey Dante, where'd you go?
- 1:04:36No, no, he's going to. Check out the conference.
- 1:04:37He's going to check out the Dante.
- 1:04:38Had to meet with someone, but yeah also Ben for the
- 1:04:43transitions. It's clear on the video side of
- 1:04:46things, but during the live stream, yeah, I.
- 1:04:48Don't know what's. Going on, yeah.
- 1:04:50And during the playback, the the ad looks perfect.
- 1:04:54That's fine. Yeah, but but during the live
- 1:04:57stream, it it got all. But anyways, what was I going to
- 1:05:04say? Dude, Ben, you're we're at this
- 1:05:07conference that you're sponsoring and you're not here.
- 1:05:12You're, you're talking other things.
- 1:05:15You're doing greater things, man.
- 1:05:17So what? What are you, what are you up to
- 1:05:19right now, Ben? Where are you at?
- 1:05:21Where? Where are you with your RV?
- 1:05:24But right now I think I am in North Carolina on my way up to
- 1:05:29our club up in Massachusetts. We are having an event with
- 1:05:37Turning Point USA, Charlie Kirk's, his group or his
- 1:05:49organization. Because it's, I'm just going to
- 1:05:55be honest, guys, I'm in it for the revolution, all right?
- 1:05:59I I am sick and tired of living in a world where the evil is
- 1:06:04rewarded and the common guy and gal are just working their asses
- 1:06:08off 9:00 to 5:00, then getting off at 5, going and driving Uber
- 1:06:14until 11, heading home, hang out with their kids for about maybe
- 1:06:1910 minutes, then go to sleep and wake up and do it again.
- 1:06:22While this this gut, and I'm trying to say this nicely, this
- 1:06:30government structure that we exist in now, it is it is evil
- 1:06:39and it was set up to hurt the average American and really the
- 1:06:45average global person anywhere. And what I want to create is the
- 1:06:52new system. And I don't care if I get killed
- 1:06:55trying to do it. But let me let me add to this,
- 1:07:00Ben, because I think that first of all, I think we all fall into
- 1:07:05this camp, right, which is, you know, this is a peaceful
- 1:07:09revolution like this is this is not, you know, you guys have to
- 1:07:14understand where we are in human history and the fork in the
- 1:07:18road. And you know, this is, this is
- 1:07:22serious. This is, you know, this is for
- 1:07:24the future of of of civilization, right?
- 1:07:27And that's what people have to understand, you know, and what I
- 1:07:31will say, Ben, is that the government originally, how it
- 1:07:35was structured, you know, by the founding fathers that really
- 1:07:39understood what it would what it, what it was like to live
- 1:07:43under a tyrannical system. That system of government has
- 1:07:47been eroded. I think that system of
- 1:07:50government was Co opted in 1913 with the launch of the Federal
- 1:07:55Reserve. And that's what I think you mean
- 1:07:59by this, right? It's just it, it's not like, you
- 1:08:02know, in, in, in China, right, with the government, with the
- 1:08:07current government that they have the CCP, you know,
- 1:08:10established in 1949 after the Chinese Civil War, like they got
- 1:08:15some skeletons buried in their closet.
- 1:08:18You know, that was not a very nice government.
- 1:08:21You know, the Cultural Revolution, what Mao Zedong did
- 1:08:24with the Great Leap Forward, You know, it was horrific, right?
- 1:08:28But the original founding vision of the United States as a first
- 1:08:32generation American is beautiful.
- 1:08:36It's it's beautiful. It created freedom the likes of
- 1:08:39which the world has never seen before.
- 1:08:42But that current system is under attack.
- 1:08:45It's under siege, I would say the, the, you know, they're,
- 1:08:51they're already within the gates.
- 1:08:53They're already inside, right? And you know, Ben, what you said
- 1:08:58about what you said about the working class, I think it's so
- 1:09:04important because the fact is, is that as long as we continue
- 1:09:10to live in a country with a central bank, the working class
- 1:09:15is going to continue to get poorer.
- 1:09:19The wealth gap is going to continue to get bigger.
- 1:09:22And it's going to be this neo feudalistic type of setup where
- 1:09:28you'll have feudal Lords like you'll have the upper class that
- 1:09:33basically owns everything. Their their own propaganda is
- 1:09:36telling you you'll own nothing and be happy.
- 1:09:38What they forget to leave out of that is who's going to own
- 1:09:42everything Then if if, if I'm not going to own something and
- 1:09:46be happy, who's going to be the one that owns everything, right?
- 1:09:49They don't leave that part out, right.
- 1:09:51So it's created this like super, you know, powerful financial
- 1:09:57elite class that because of the incentives of the Fiat system,
- 1:10:05are forced to continue to coerce people to use that very system
- 1:10:10so that people continue to go along and and use it.
- 1:10:14And this is where we are. This is how we ended up here,
- 1:10:17right? The the Co option of the United
- 1:10:20States by the establishment of the Federal Reserve in 1913.
- 1:10:26The biggest world wars in human history has happened since World
- 1:10:31War One started, less than half a decade since the establishment
- 1:10:36of the Fed. Do you think that's an effing
- 1:10:39coincidence? It is not a coincidence you
- 1:10:41think World War 2? Listen, those wars would not be
- 1:10:46economically viable unless the government had the ability to
- 1:10:51print money. So I feel just as strongly about
- 1:10:55this topic as Ben because it's affected my generation, Opti's
- 1:11:01generation, the Gen. Z's generation the most.
- 1:11:05We are the. Same.
- 1:11:06Generation, we are poorer than our parents.
- 1:11:09We are poorer than our parents. We are poorer than our parents.
- 1:11:13Like we're the world has gotten exponentially richer, but our
- 1:11:18generation as a whole has less opportunity than our parents.
- 1:11:22You gotta ask yourself, why did a bunch of young people elect a
- 1:11:26communist in New York City? Their heart was in the right
- 1:11:29place. They're saying we cannot afford
- 1:11:33anything. And you know what?
- 1:11:34They were right. They.
- 1:11:37Can't afford anything. But where they're, where they're
- 1:11:40misguided and where we try as, as, as hard as humanly possible
- 1:11:46to educate people on this subject is they're, they're
- 1:11:50seeking a political solution where the solution is fixing the
- 1:11:55money in the 1st place. And Ben, this is what you've
- 1:11:58dedicated your life to with all these clubs.
- 1:12:01And one of the things that you told me before we went on air,
- 1:12:03he said, Nico, you know why I'm not at mining Disrupt?
- 1:12:07Because I'm pre. I would be preaching to the
- 1:12:09choir, bro. I'm trying to get out of the
- 1:12:13echo chamber and preach to people that are outside of
- 1:12:17Bitcoin and shake them up a little bit and say, hey, listen,
- 1:12:21you're fighting that good fight. I have a super weapon for you,
- 1:12:26right? I have a super tool for you.
- 1:12:28It's going to fix things and you don't even have to confront it
- 1:12:34the the the system head on. You just have to get people to
- 1:12:37opt out of it. And it fixes things
- 1:12:40progressively over time. So when I hear that you're
- 1:12:42meeting with the late Chartie Kirk's organization Turning
- 1:12:47Point, which for anyone who doesn't know, who's not tuned
- 1:12:49into American politics, it is the most powerful political
- 1:12:54organization for the conservative right wing youth
- 1:12:58movement in the United States of America, right?
- 1:13:01So the fact that Ben is meeting with them, having a conversation
- 1:13:05with them, I think it's incredibly important because for
- 1:13:08that movement that believes in small, limited government,
- 1:13:12right? And as long as you're playing
- 1:13:14within the central banking system, I don't care how much
- 1:13:18you believe that you're always on defense.
- 1:13:21You're always going to concede ground.
- 1:13:23It's always going to happen, right?
- 1:13:26So yeah, Ben, I just wanted to add that context, man, because
- 1:13:29let's talk. About his banks.
- 1:13:30No, but I wanted to add that context, man, because what you
- 1:13:33said, you know, it's like, yes, I, I think that the US
- 1:13:37government is under hostage right now.
- 1:13:41Yep. And the hostage takers?
- 1:13:42The Central Bank of the United States.
- 1:13:44Absolutely No, it's not even. The central Bank of the United
- 1:13:47States. It's the Federal Reserve.
- 1:13:49Right absolutely. Let me explain exactly what my
- 1:13:53mission is all right, we all everyone watching this right
- 1:13:58now, we live in the mindset of our childhood.
- 1:14:04That's what we remember the good old days.
- 1:14:07All right well, what I want people to realize is you're your
- 1:14:11child. Your grandchild is not going to
- 1:14:15live in the days you lived in if we don't do this.
- 1:14:20This is a revolution. Every time that you smashed by
- 1:14:24friggin Bitcoin, what you are doing is you are actually buying
- 1:14:29your lineages. Freedom.
- 1:14:33Don't worry about your pocketbook, worry about your
- 1:14:38grandchild's way of life. That's what you're buying.
- 1:14:43Because the more that we reach a higher level of adoption, that's
- 1:14:49more freedom. And then we reach a point, just
- 1:14:52like we did last year. We elected Trump.
- 1:14:57It was us guys. It was all of the people who
- 1:15:02really believe in this movement. We gave a lot of money to the
- 1:15:07politicians. Yeah, we bought the we we
- 1:15:11actually, someone's going to buy off the politicians.
- 1:15:14Guess what? I'm going to buy off
- 1:15:16politicians? Because whether you like the
- 1:15:20game or you don't, you got to play the game to win.
- 1:15:25Free men do not ask permission. If you're asking permission,
- 1:15:31you've already fucking lost. What we need to do why I'm lot
- 1:15:36why I launched the credit union in El Salvador is so people
- 1:15:43around the world. Mind you, we have global
- 1:15:46licensing, so everyone in America has a bank, a credit
- 1:15:54union that they can hold their actual Bitcoin in and earn earn
- 1:16:02interest on their actual Bitcoin.
- 1:16:05Now that exists elsewhere. Ours You hold your own keys, we
- 1:16:14aren't holding your Bitcoin. That's crazy.
- 1:16:17I mean it's hold, hold on. Like I'm so this is a non
- 1:16:21custodial Bitcoin bank, is that correct?
- 1:16:24Yep, because how we had, let's just put it this way, just just
- 1:16:32for the applicant, just for the software to run this thing.
- 1:16:37I probably put out $200,000 already just for the software
- 1:16:42that doesn't include I, I went out and I bought it.
- 1:16:47I got a sign, I got all of the licenses.
- 1:16:50I, I, I got everything because and another, this is the only
- 1:16:59credit union because guys, I'm running this credit union.
- 1:17:03This is ran on my principles, but the World Economic Forum,
- 1:17:11the World Bank can kiss my Lily white ass because I am sick and
- 1:17:19tired of us humans. We have a soul, we are
- 1:17:24sovereign. We have a soul that was given to
- 1:17:28us and granted to us by God, Jesus Christ.
- 1:17:33Whatever, whatever, whatever you view as the Creator, that's who
- 1:17:39made you. You are magical, you are
- 1:17:42amazing. You are a creature of God, Now
- 1:17:46act like it. God has granted you the power of
- 1:17:49life Now act like you fucking own it Quit kneeling to anybody
- 1:17:55who says oh you're a bad person, you're this you're that fuck
- 1:17:59them. That's just words.
- 1:18:01What we need to do is exactly what I am doing.
- 1:18:05I'm launching the new system now.
- 1:18:08If you guys want to join me and help bring this system down,
- 1:18:14join our clubs, join our clubs, bring your friends every single
- 1:18:20I I have a club in Sarasota, FL. I have a club up in
- 1:18:26Massachusetts. I have I have a club in
- 1:18:29Nashville. I have a club in Saint Louis.
- 1:18:31I have a club in Texas. I have a club in Las Vegas.
- 1:18:36We have our our resort in our S Adore.
- 1:18:39We have our credit union in El Salvador.
- 1:18:42We're launching more and more. This is a movement, guys.
- 1:18:47Don't look at this as, oh, I hope I get to collect some more
- 1:18:50slave dollars. No, no, quit looking at the
- 1:18:54dollar value and look at the freedom value.
- 1:18:57That's what people need to realize.
- 1:18:59They are they, they are controlling us with the money.
- 1:19:06We are all programmed to collect more dollars.
- 1:19:09Just get richer and richer and richer and richer.
- 1:19:13Wealth is not on this earth going to get emotional.
- 1:19:22But I have to. And I'll tell you why because
- 1:19:26I'll tell you what, I'm going to live.
- 1:19:28If I keep on drinking Red Bulls and smoking, I'm going to live
- 1:19:31about 45 more minutes, right? But when I die, I'm going to the
- 1:19:37gates of heaven and, and I want God to look at me as I slide
- 1:19:46into the gates of heaven with my ass on fire and the devil right
- 1:19:49behind me. I want God to look at me and go,
- 1:19:52boy, I'm proud of you. You lived right?
- 1:19:57You you weren't fucking perfect, but you did the best you could.
- 1:20:05If you are not taking your life seriously, you need to.
- 1:20:10It isn't the money when you die, it goes away when you die you
- 1:20:16are judged on your actions, not your fucking wallet.
- 1:20:20So please realize if we don't fix this, our children and our
- 1:20:30grandchildren will pay the price of slavery.
- 1:20:36Slavery. When you look at your child,
- 1:20:40imagine them behind bars. That's what we're going into.
- 1:20:47And we have to change the system.
- 1:20:49And the only way we change the system is if we unite.
- 1:20:54We unite together and we discuss how do we buy Bitcoin?
- 1:21:01And we use companies that accept the Bitcoin because it isn't
- 1:21:07what it isn't what you're buying that you think you're getting,
- 1:21:14you're getting another inch closer to freedom.
- 1:21:19That's what you're doing. It's it's we have to look at who
- 1:21:26we are. We are magical creatures.
- 1:21:30We are gifts from God. We are, we are, we are a peace
- 1:21:36of God. Don't look at yourself as just
- 1:21:41some 9 to 5. Don't look at.
- 1:21:44Don't look at yourself as just living a life for the man.
- 1:21:53Fuck that. Live the life for your God.
- 1:21:56Live the life for your children. Live the life.
- 1:22:01I guarantee your grandchildren, your children, they're not going
- 1:22:05to think back on you and go, boy, grandpa really had a had a
- 1:22:10lot of dollars in this bank. No, they're they're going to
- 1:22:14look back and go, you know what? My grandfather was the George
- 1:22:19Washington of his time. Leave a legacy.
- 1:22:25That's what you should leave. And your legacy is what is
- 1:22:32exactly what you choose. Your legacy is actually paved
- 1:22:37with your choices. Don't make the wrong choices.
- 1:22:41Choose freedom and sacrifice 'cause we're at war, guys, we're
- 1:22:48at war. Air horns, bro.
- 1:22:52That that was that was fantastic.
- 1:22:55That was a fantastic RIP by Bitcoin Ben.
- 1:22:59This is the man behind Bitcoin Ben dot IO.
- 1:23:04You you hear him in the flesh, right?
- 1:23:06You hear his motivations, you hear what's at stake.
- 1:23:11He's not being hyperbolic. Everybody like it's not
- 1:23:14hyperbolic at all. Like there's really two futures
- 1:23:17ahead of us and you got to choose.
- 1:23:20Eventually you're going to be forced to choose, but I would
- 1:23:23say before you're forced to choose, you know, pick a side.
- 1:23:28Do you? Want a, a, a Bitcoin future or
- 1:23:31do you want a CBDCCBDC future? Those are the two choices ahead
- 1:23:35of you and as individual you have to choose where where you
- 1:23:40where you want to go and you know support freedom tech
- 1:23:44support the freedom movement support people that are are
- 1:23:49building the infrastructure for freedom minded individuals like
- 1:23:53Ben go check out his clubs where you'll meet other freedom minded
- 1:23:57people go check out the private KeyBank in in El Salvador like
- 1:24:01go check it out. This is so important yeah, this
- 1:24:05is not hyperbolic Men is not being hyperbolic when when he
- 1:24:08makes the case for you guys let. Me let me explain something
- 1:24:16every we offer no KYC Bitcoin it's how I structured the
- 1:24:27company we're we are lagging let me.
- 1:24:31Be specific right, but you you offer no KYC Bitcoin in a legal
- 1:24:36regulated way. Because I shaped our companies
- 1:24:43under common law. It's it's they lie to you with
- 1:24:50laws. They tell you you're not free
- 1:24:53when really you are. And I want everyone watching
- 1:24:59right now, we offer home loans, home refinancing loans, so we
- 1:25:06can get you some Bitcoin, no KYC.
- 1:25:09We if you want to buy some Bitcoin, no KYC, you give us a
- 1:25:14call, 941-413-8080. That's it.
- 1:25:22Because what I actually believe is it's none of anybody's
- 1:25:29fucking business what you guys do.
- 1:25:33It's none of anybody's business what I do.
- 1:25:37Like I've said, and and I've said this for years, I'm willing
- 1:25:42to go to jail for anything I believe.
- 1:25:46Because if I'm not, then I don't fucking believe it.
- 1:25:50Yeah. It's it's, and please just
- 1:25:56forgive me, America's need to grow some balls.
- 1:26:02We need to grow some balls and we need to quit kneeling in
- 1:26:07front of the shrine of the government.
- 1:26:12Yeah, Ben, always an honor to have you on my friends.
- 1:26:17Guys, go check out Bitcoin, Ben dot IO, check out the clubs,
- 1:26:21check out the resorts in El Salvador.
- 1:26:24Ben dropping the hot fire like always.
- 1:26:27And yeah, Ben, thank you so much for joining us.
- 1:26:31Your rant was effing fantastic like always.
- 1:26:35And yeah, guys, we'll, I'll see you back tomorrow in Miami.
- 1:26:38I think Opti's here for another day here in Dallas.
- 1:26:43See you guys. Next Monday, but.
- 1:26:44Yeah, guys, if you guys enjoyed the show, you know to do smash
- 1:26:47the Like button, consider subscribing and we're tuning out
- 1:26:50from Irving, TX and Ben on the go to go to the turning point
- 1:26:57event. So guys, go to Bitcoin Ben dot
- 1:27:00IO go check out all the awesome products and clubs that he
- 1:27:04offers. We love you all and we'll see
- 1:27:05you guys on the next one. Take care, everybody.
- 1:27:09Today's episode was brought to you by bitcoinwell.com, a
- 1:27:12Bitcoin only platform on a mission to enable financial
- 1:27:15independence.