Latest / Simply Bitcoin / Nayib Bukele EXPOSES the US Dollar | EP 948
Transcript
- 0:03It's all going to zero against Bitcoin.
- 0:06It's going on. Forever Warren.
- 0:15You're against Bitcoin. You're against freedom.
- 0:23Well. Because.
- 0:23They want to sell it eventually, Michael.
- 0:25I mean, let's be honest, most of the people who are, yes, sure,
- 0:28some people pass it on to their children, but like most of the
- 0:31people who are buying assets at some point want to sell the
- 0:34assets at a profit. So I.
- 0:37Guess. Let me say it differently.
- 0:38People that use Fiat currency as a store of value, there's a name
- 0:43for them. We call them poor.
- 0:45Yeah, we'll get this to the Bitcoin Live.
- 0:47We're number one source of the peaceful Bitcoin revolution in
- 0:49color for the breaking news called Dramatic Warfare.
- 0:53We will be your guide through the separation of money and
- 0:55state. Ladies and gentlemen, welcome to
- 0:56Simply Bitcoin. The most watched daily Bitcoin
- 0:59live show on YouTube. Rumble NXI.
- 1:03Just I I had to I had to start off with that sailor mic drop
- 1:07because I mean, I'm not I can't play it next week.
- 1:12So I I just had to play finishing Friday strong.
- 1:17It is Meme review Fridays, so I had to play it for you guys.
- 1:20Anyways, breaking news, actually pretty serious stuff yesterday.
- 1:25Naimbu Kele you know I don't definitely.
- 1:28I I believe it was a 4D chess move.
- 1:30But essentially what he did was that he made part of his
- 1:34National Treasury public. Anybody could audit it.
- 1:38Anybody. You could see the address.
- 1:40In fact it not only could you see the address, there's been a
- 1:44lot of bitcoiners that have been sending Sats to that address.
- 1:47And and I think that's a sign of, you know, camaraderie, but
- 1:51you know, it's a it's a big moment historically speaking.
- 1:55It has historical significance and geopolitical implications
- 1:59because it's the first country basically in the world to post
- 2:04their proof of proof of reserves.
- 2:07Nothing will ever be the same. Everything just changed.
- 2:11Any country that lectures El Salvador on anything, democracy,
- 2:16you know, it's financial decisions.
- 2:19They could shut the F up unless they want to show their
- 2:23reserves. I just want to speak a little
- 2:26bit about the US specifically. The, you know, specifically Fort
- 2:31Knox is audited supposedly, you know, every year supposedly.
- 2:36But really the last kind of video or picture evidence or
- 2:41people that were allowed, they allowed like 150 reporters and a
- 2:45couple senators and congressmen and congresswoman to actually
- 2:48visit the site. That was in 1974.
- 2:52That was the last time people saw physical evidence of 1 Volt.
- 2:58And you don't know if like that that's actually gold bars that
- 3:01they were looking at, right? You know, it could be like gold
- 3:05covered and actually like like tungsten cider, like a you know,
- 3:08like a like a heavy heavy metal but a much cheaper metal.
- 3:13So you know, what Naimbu Kelly did was incredible because when
- 3:19you make your proof of reserves public and here Cedric
- 3:23Youngelman, he has an amazing podcast.
- 3:24By the way, I highly recommend subscribing to it.
- 3:27He asked me the he asked the question yesterday on Twitter.
- 3:30He said, you know how how is this historically significant?
- 3:33Like what is the big deal? And to put it simply, I said
- 3:36it's a lot harder to steal things when everyone is looking,
- 3:40right. When was the last time we
- 3:42audited the Fed? You know there was some news
- 3:46coming out that the Pentagon like lost.
- 3:51If my memory serves me correctly.
- 3:52I think it was in the trillions. But you know given the benefits
- 3:57of doubt, they basically they they there's billions of dollars
- 4:00unaccounted for. This is the same government of
- 4:03course that you know wants to surveil any transaction over
- 4:07$600.00. But yet here you have the
- 4:11government of El Salvador setting the example for the rest
- 4:15of the world to follow. And any country you're, and I'm
- 4:20talking really about Europe and the US and Canada and all that.
- 4:23The so-called W any country that lectures or tries to take a
- 4:29moral stance on democracy, on El Salvador, on their financial
- 4:34decisions, on blah, blah, blah, blah, blah, shut the F up, Show
- 4:39your reserves, show your reserves.
- 4:41They won't, right. And I don't think that gold, for
- 4:43the record, I don't think that gold is there at Fort Knox.
- 4:47I just don't think it's there. But we'll never know because
- 4:50they won't show it. And then they haven't showed it
- 4:52in a really long time anyways. In other news, also kind of a
- 4:55little bit of an update on the CBDC type of stuff you're
- 5:00hearing kind of mixed messages, right.
- 5:02So Cynthia Lummus, the Bitcoin senator, you know, she basically
- 5:06interviewed or got Jerome Powell, the head of the head of
- 5:10the Federal Reserve, to testify in front of Congress and say,
- 5:13hey, like, you know, a lot of people are concerned about a
- 5:16CBDC. And you know, Jerome Powell
- 5:17said, you know, we can't approve this without, you know,
- 5:21congressional approval. It has to be passed through
- 5:23Congress a law. But at the same time, the GOP
- 5:26Majority Whip, Tom Emmer posted a screenshot of a presentation
- 5:32that supposedly Fed officials gave to him.
- 5:35And the top of the top of the the presentation is key duties
- 5:39of the Fed. At the very bottom is the
- 5:41central bank digital currency. So they say one thing, they do
- 5:45the other, and then connect the dots with the, you know, the tax
- 5:50that the Biden administration wants to impose on Bitcoin
- 5:53miners. Right.
- 5:54So you got to, you got to keep your eye on the ball.
- 5:57You can't, can't, can't lose your eye on what's going on.
- 6:00And I really have been wanting to cover this story for a long
- 6:03time. It's a Friday episode, so we're
- 6:04going to do it. Also, I think that this is kind
- 6:07of like a playbook of what's going to happen for the rest of
- 6:10the world. But Nigerian authorities blame
- 6:14Binance for 70% of Naira devaluation.
- 6:18That's right. The Nigerian authorities and and
- 6:21again you say they they blame, they blame Binance or really
- 6:24they're blaming alternative currencies that they're not the
- 6:27local currency. Binance is just a facilitator.
- 6:32But you know, that's the it's so easy if you have, you know, if
- 6:38you have someone to blame, if you have a straw man.
- 6:41And it's something kind of similar language coming out of
- 6:44the US as well. JP Morgan.
- 6:46And thanks to Opti for sharing this with me.
- 6:48Bitcoin surge could raise concerns at the Fed.
- 6:52Rate cuts might be delayed. So if you put all these pieces
- 6:56together, what I just said, I wouldn't be surprised in a
- 7:01couple years whether it's going to be the US government or
- 7:05foreign governments or whatever. As their Fiat currencies
- 7:08continue to fail against Bitcoin, they continue to get
- 7:12embarrassed to Bitcoin as more and more people wake up to the
- 7:15fact that money doesn't need to devalue to function.
- 7:21I think Bitcoin is going to be the scapegoat, and more
- 7:24importantly, bitcoiners are going to be scapegoats as well.
- 7:28And again this, it's, it's obvious you use common sense but
- 7:33this is also something that was theorized in the book, the
- 7:35sovereign individual right with you know as the as the nation
- 7:39state dies there's a lot of people that get left behind in
- 7:44that old system. So anyways lots of stuff.
- 7:47Lots of stuff to cover on today's show.
- 7:49And also we have a very very special guest as well of course
- 7:54we have the legendary Dom Bay and Dom Bay has been talk about
- 8:00proof of work proof of workforce man.
- 8:02You've been doing Satoshi's work.
- 8:04You've been really orange peeling these pensions, man.
- 8:07I I had the privilege of producing the Satoshi gauntlet
- 8:11when my time at Swan and you know, you were just, I remember
- 8:15you were just interviewing, you know, these people that were in
- 8:18charge of these pensions. And you know, these are just
- 8:20hard worker, hard working blue collar people that, you know,
- 8:24put up or shut up every day. They show up, They do real hard
- 8:28work. They work with their hands.
- 8:30They do it right. And you know, we live in this
- 8:32world where you know, if the money's broken, they might not
- 8:36get that pension, right. The Bitcoin fixes this, and
- 8:39you've identified that, and you've done incredible work to
- 8:43try to get that message out there.
- 8:44So welcome to the show, Dom. Thanks Nico as always great to
- 8:49be on simply Bitcoin love, love your guys audience and again you
- 8:53know our work has been made possible with like this
- 8:57incredible community and this this shared mission that we
- 9:01have. So it makes it easy.
- 9:02So happy to be on, brother. Welcome to the show, man.
- 9:05We really appreciate it. Of course, my legendary code.
- 9:07He's smiling. So it's going to be a great
- 9:09show. It's going to blow the F up.
- 9:10It's Friday, It's Opti. It's Opti.
- 9:14He was a little bit, he was a little bit late to the studio
- 9:16tonight. Don't call my mom, all right?
- 9:18Sorry I haven't talked to her in a minute.
- 9:20I forgive me, you know, call your mother.
- 9:22I get concerned because as the price of Bitcoin rises, no.
- 9:26But it's St. It's St.
- 9:28Opti, it's St. Yes, I'm, I'm reformed now I'm
- 9:31reformed. It's.
- 9:31St. No.
- 9:32But on another note I mean I'll be obviously love Dom.
- 9:35There's going to be a great conversation get some cool
- 9:37updates and I think a a theme on today's show considering the
- 9:43Buchelle news and the JP Morgan Binance stuff.
- 9:46It's becoming very obvious that the lies coming out from what's
- 9:50the name that we like to use the the the corporate class you know
- 9:54the the the quote UN quote elites up there their lies are
- 9:58being exposed in real time and I think this move by Buchelle the
- 10:02the full transparency of their Bitcoin reserves.
- 10:05Like Nico's saying, I I don't I don't think we can underestimate
- 10:09the importance of this moment. Like, their lies are completely
- 10:13being destroyed and they're no longer going to be able to
- 10:16obfuscate those lies. And man, what a crazy time we're
- 10:19in. And then on another note, I did
- 10:21hang out at a Bitcoin meet up last night shouts out to the
- 10:24Dallas meet up at the Dust Dunston steakhouse.
- 10:27No, Gary wasn't there. But I had a bunch of cool
- 10:29conversations with a bunch of cool people.
- 10:31Really. Actually.
- 10:32You know sometimes you just like chat and get bullish about
- 10:34Bitcoin. But man, I was having having
- 10:37some great conversations about Bitcoin fitting into the
- 10:41traditional financial world and how you might need to think
- 10:45about this. So I I can't wait to get back
- 10:47there and and continue those conversations because for for
- 10:50for once in a minute, you know sometimes you talk with
- 10:52Bitcoiners and you're like you're kind of rehashing the
- 10:55same conversations. Like this one was like out.
- 10:57I sat there and was like, oh man.
- 10:59All right. Like, all right this is cool.
- 11:01Like this is a new this is a new Ave.
- 11:03So shouts out to everyone out last night.
- 11:06You know got a good stay got got an old Fashioned or two.
- 11:09It was great. It was a great night.
- 11:10I had a great time. Absolutely love it.
- 11:12Love it. It's Friday and it's Friday.
- 11:15Payday Friday. There's already 535 watching or
- 11:19watching live, including our audience on Rumble.
- 11:22So if you guys are enjoying the show so far, really, really
- 11:24helps with the algos if you guys smash that like button.
- 11:28All right guys, let's jump into the show.
- 11:30But before we do that, I do want to give a shout out to our
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- 13:01All right, everybody, let's hit the numbers.
- 13:02We have a lot to talk about today on today's episode.
- 13:04Let's check it out. Here we go the Bitcoin numbers.
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- 14:03the long haul. Stamp your seed on stamp Seed.
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- 14:22look. You know, Dom's a firefighter.
- 14:25You know, he could tell you fires are dangerous, they could
- 14:28burn your seed phrase. But you know, if you store your
- 14:30seed phrase on titanium, you know it's gonna the fires gonna
- 14:34have a hard time anyways. At the time of recording, the
- 14:36Bitcoin price is 67,920 SATS per dollar.
- 14:40One over Nico. It's done.
- 14:44It's pack it up, it's pack it up.
- 14:45We're changing the name. Simply Fiat.
- 14:48Anyways, at the time of recording the Bitcoin price is
- 14:5067,920 sats per dollar 1417. It's so over like bro like like
- 14:5950K like 2 weeks ago. I'm like dude, I I want this
- 15:02thing to keep going down man. I want those cheaper sats dude
- 15:05this run up is way too fast Anyways OK so block height at
- 15:10the time of recording 834,820 blocks to having 5180 having
- 15:15estimate April 19th 2024 Total lightning network capacity 4401
- 15:21Bitcoin capacity value 298 million U.S. dollars.
- 15:25Realize monetary inflation 1.74%.
- 15:29The market capitalization of Bitcoin currently sitting pretty
- 15:32at 1.33 trillion U.S. dollars. That is trillion with AT and the
- 15:37Bitcoin versus gold markup. Under 10% is an opportunity for
- 15:40you guys to stack 9.67%. You know it's kind of
- 15:44bittersweet when Bitcoin pumps and with Bitcoin dumps when when
- 15:48it when it dumps you. Like bro, I wish I had more
- 15:50Fiat. This is great.
- 15:51It's cheaper and then when it pumps you're like God like okay.
- 15:55I'm wealthier, but like, dude, like I wanted.
- 15:57I wanted more time to stack. Anyways, so this is the breaking
- 16:01news. I wanted to cover it right off
- 16:03the rip in the number segment. This is a historic moment,
- 16:06ladies and gentlemen. I cannot emphasize this enough.
- 16:10This is like, this will be in the history books, ladies and
- 16:14gentlemen, because I truly believe that in the future, this
- 16:17is how things will work. This is how things will work on
- 16:21a Bitcoin standard. Transparency.
- 16:24And you know people aren't doing this name, but Kelly isn't doing
- 16:27this out of the goodnesses of his heart.
- 16:29Again, Bitcoin has an aligned incentive structure model.
- 16:34Miners aren't doing this out of the goodness of their heart.
- 16:37Node runners aren't doing this out of the goodness of their
- 16:40heart. They're all doing it to protect
- 16:43their stack or to make profit, right?
- 16:45But the beautiful thing about Bitcoin is that everything that
- 16:48you contribute to the network makes network stronger,
- 16:51therefore making your stack worth more, right?
- 16:55The Fiat system doesn't work that way.
- 16:57It's a misaligned incentive structure.
- 16:59So you have, you know, the crazy shenanigans that we, you know,
- 17:03that we saw in the last century, in the beginning of this
- 17:05century, the endless wars, the crazy wealth redistribution
- 17:10mechanism of Fiat. All right.
- 17:12Literally taking from the lower in the middle classes, the
- 17:16working class, and redistributing it back to the
- 17:18government and back to the 1% because, you know, it's sorry,
- 17:21back to the wealthy. Because the wealthier, the ones
- 17:23that hold the lion's share of the assets, which tend to rise
- 17:28when they print money. And it's not necessarily true
- 17:30that those assets are actually increasing in value.
- 17:34It's just that it's they're just indications of how much Fiat is
- 17:38losing, is losing purchasing power.
- 17:41So yeah, man, this is this is crazy.
- 17:44Shout out to Diane Boucale, the philosopher king, as in in his
- 17:49Twitter bio. And he was retweeting everyone
- 17:51and their mother who you know who quote, tweeted this.
- 17:54But you know this is a brave step.
- 17:56This is a step in the right direction.
- 17:58And again, I I if I swear to God if I see someone, a legacy media
- 18:03article or a politician lecture El Salvador, if you don't do
- 18:08this, shut the F up. Like, shut up right.
- 18:12Anyways, so he said we've decided to transfer a big chunk
- 18:15of our Bitcoin to to a cold wallet and store that cold
- 18:18wallet in a physical vault within our national territory.
- 18:21You can call it our first Bitcoin Piggy Bank.
- 18:24It's not much, but it's honest work.
- 18:27He literally puts the screenshot of the address of the amount of
- 18:32Bitcoin and then the US dollar equivalent of that Bitcoin,
- 18:35which is roughly half a billion dollars, which is a lot of money
- 18:38of course. And again, this is in stark
- 18:43contrast with, you know, what's what's currently happening in
- 18:47the rest of the world. OK, fine.
- 18:49You can give them the you can, you see, you can give them the
- 18:51benefit of the doubt. You can't do that with gold.
- 18:54You know, you say OK gold's, you know, it's it's physical, it's
- 18:57heavy. You can't have that.
- 18:59But I mean, look, I I think like, OK, so check this out and
- 19:04and we'll get into the back story of Fort Knox, right?
- 19:08Like, compare this picture, right.
- 19:10There's a lot of gold in here, believe us to this, right?
- 19:16Just literally the address, the amount.
- 19:19You can't take it. You can see it, but you can't
- 19:21take it. And then compare this to this,
- 19:24which is just like, trust us. And it's literally like a huge
- 19:28Fort with like multiple fences, like armed security guards, a
- 19:33Humvee in front and they're like, yes, there's a bunch of
- 19:36gold in there. You can trust us, essentially.
- 19:39So this is what I said yesterday when Naimbu Kele tweeted his
- 19:41historic tweet. I said if El Salvador can be
- 19:43transparent with their reserves, why can't the United States
- 19:46government? Why can't we see the gold?
- 19:49And then I go, I went on to say, did you know that the last time
- 19:51Fort Knox was audited was in 1974?
- 19:54Right. But if you, if you search this
- 19:56on Google, say, OK, Fort Knox is actually audited every year.
- 19:58Yeah, but 1974 was the last time.
- 20:02There's been actual visual evidence right?
- 20:05And the one of the only they only showed one vault, right And
- 20:09it was it was a it was a video to be fair.
- 20:11But this is a kind of a picture of that video right?
- 20:15So you they only they were only allowed to see one vault.
- 20:18And now and compare and contrast that with this complete and
- 20:21total transparency verse like a a court.
- 20:25This is a democratically elected government that is supposed to
- 20:29represent the people and they're like, oh, trust us, but there's
- 20:33more to the story, right. And it all kind of Internet
- 20:36interconnects. Bitcoiners are very familiar
- 20:39with the 6102 order. We all know about it.
- 20:41We're all very familiar about it.
- 20:43Well, Fort Knox was built for a very particular reason, right?
- 20:48So this was built by FDR. I'm sure some bitcoiners already
- 20:52know where I'm going with this for a single reason.
- 20:55Let's check it out. When President FD when President
- 20:58Franklin Roosevelt ordered Americans in 1933 to surrender
- 21:02their gold to the government, he suddenly found suddenly found he
- 21:05needed a place to put all those millions of gold coins.
- 21:09Roosevelt's infamous Executive Order 6102 gave Americans one
- 21:14month to give up their gold pocket change and gave FDR the
- 21:18ability to print and spend all the money he liked.
- 21:21It was viewed suspiciously and was wildly unpopular, but it was
- 21:25largely obeyed. Millions of gold coins were
- 21:28dutifully taken to banks by bewildered but patriotic
- 21:32Americans to trade for their paper dollars.
- 21:35Construction for the massive fortress that would become so
- 21:39much part of American legend and lore began in 1936 and took a
- 21:43year. Beginning in January 1937, train
- 21:46loads of American gold under the guard guard of armed soldiers
- 21:50arrived in Kentucky Fort Knox to store away what was still
- 21:54relatively called the nations gold.
- 21:57At the Boxcars Boxcars gold was unloaded into vaults behind
- 22:0120,200 cubic feet of granite and concrete and 22 ton door.
- 22:06It would be. It would be with few, with few
- 22:09exceptions, the last time Americans had any glimpse of the
- 22:12same gold they carried in their pant pockets a few years
- 22:16earlier, Right? That's crazy, isn't it?
- 22:19Like, think about that for a second, right?
- 22:22We all know about Fort Knox. Did you know that Fort Knox was
- 22:25connected to the six one O 2 order?
- 22:26Did you guys know that this was purposely built to take to put
- 22:30all the money that was stolen? I mean, that's a strong word,
- 22:33but I'm going to say it, and they put it in this fortress and
- 22:38no one ever saw it again. Basically, the question of the
- 22:42the questions on the minds of American taxpayers and a high
- 22:45number of congressmen is whether or not Fort Knox still has the
- 22:48gold stored for safekeeping 80 years ago.
- 22:52Those questions abound. For one particular reason, the
- 22:56US government refuses to talk about the gold.
- 22:59So think about this for a second.
- 23:02Apparently, this is the people's gold, right?
- 23:05They stole it. They don't want to talk about
- 23:07it. They built a giant fucking
- 23:09fortress to protect it with armed guards.
- 23:13And here you have a Central American country that's
- 23:15basically like, yo, here are reserves, bro.
- 23:19So again, if the US government or any members of the US
- 23:23government are going to like, lecture El Salvador on democracy
- 23:27and on this, like shut the F up like I like I I don't I I can't
- 23:33even listen to you guys. Anyways, it goes on to say
- 23:35American voters in Congress satisfied that Americans gold
- 23:38was accounted for, let the matter lay for the next 20
- 23:42years. But national debt piling up from
- 23:44the Vietnam War and the massive welfare programs of Lyndon
- 23:47Johnson's Great Society accompanied with rising oil
- 23:50prices in the early 1970s put Americans on edge once again.
- 23:54A new spate of concern reached Congress on a Washington
- 23:58attorney's book charged 20 billion in gold was missing in a
- 24:02popular grocery store tabloid. The national tattler fanned
- 24:06public clamor for a new audit of Fort Knox.
- 24:09This time the government was ready.
- 24:11It would spend a theoretical, theoretical theoretical
- 24:15theoretical afternoon showing off some gold without revealing
- 24:20anything. The event, September 23rd, 1974,
- 24:25is often inaccurately called the Last Audit of Fort Knox.
- 24:28It was nothing more than a peekaboo glance at the gold and
- 24:32fine Hollywood style. Fort Knox was open on that
- 24:35Monday afternoon for about two hours to some 150 reporters and
- 24:39glad, glad handling politicians crowding narrow passageways,
- 24:44elbowing each other for a few seconds to glance into one of
- 24:47four vaulted rooms. Television Newscast Films
- 24:51magazine photographs, including the National Tattlers, showed
- 24:54various politicians and reporters hoisting and admiring
- 24:58400 oz. Bars of gleaming gold.
- 25:00Photos and film of that day show smiles all around.
- 25:04That was the last time, and it goes on to say not one of not
- 25:09one bar of gold was assayed for purity during the 1974 charade.
- 25:13Not one serial number was checked against official
- 25:15records, and no one counted the bars of gold stacked to the
- 25:19ceiling in the one room that was open for inspection.
- 25:22Other rooms said to be filled with gold were not open, right?
- 25:26So compare and contrast that with this.
- 25:32This is the future. This is transparency, This is a
- 25:36representative democracy. This is a government right that
- 25:41is being transparent with its people.
- 25:43And apparently that money right belongs to the people.
- 25:48And like I told Cedric yesterday, the historical
- 25:50significance of it and when you make something transparent is
- 25:55that it's a lot harder to steal things when everyone is looking.
- 25:58Got a question for you guys. Why is the US government not
- 26:02showing the gold? Why did they only show one room
- 26:06back in 1974? Why haven't people been allowed
- 26:11to come back since And that giant Fort was literally built
- 26:16for the six one O 2 order. How effing crazy is that right.
- 26:20So you see where Bitcoin comes into play into all this and one
- 26:23of the things also that was mentioned in that like that
- 26:26article right quick which was the idea that that that are that
- 26:33the the article stated that that Fort Knox was built for gold
- 26:37coins. The reality is that most of the
- 26:40golds and the reason that FDR was able to get away with the
- 26:43six one O 2 order so successfully is that the people
- 26:47that held large quantities of gold had it custodied with a
- 26:51bank. So really, FDR only had to go to
- 26:54a handful of banks to get the vast majority of the gold right?
- 27:00This is where Bitcoin is different, Naimbukela is showing
- 27:04it and you as an individual have the power to take self custody.
- 27:08In fact all of our partners, we choose them very specifically
- 27:12for you to empower yourself by taking control, taking over back
- 27:20your financial sovereignty through taking Bitcoin into self
- 27:23custody so that moments like this in history can never happen
- 27:28again. This is absolutely ridiculous.
- 27:31Like when I was I, I, I, I, I I had like a kind of knee jerk
- 27:34moment yesterday on Twitter. I went absolutely crazy and then
- 27:37when I started reading into it, I was like holy shit, Fort Knox
- 27:41was literally built for the six one O 2 order.
- 27:45They literally built a Fort to house all of the people stolen
- 27:49wealth. And then we haven't seen that
- 27:53since 1974, right? If you go on Google and you're
- 27:57like, oh, OK, no, they audit every I mean, do you trust them,
- 28:00Right? You trust them.
- 28:02They're like, oh, take my word for it, compare and contrast
- 28:05that with what Nayeem Bukele did.
- 28:08You don't have to trust him. You can literally see the
- 28:11address. It's on chain.
- 28:13You can verify it yourself. You have your own node.
- 28:15You didn't even have to trust someone else's copy of the
- 28:17blockchain. You could trust your copy of the
- 28:19blockchain and you will see El Salvador's reserves right there.
- 28:22Not moving, right. So anyways, yeah, this is a this
- 28:29is a historic moment in history, guys.
- 28:31And I think, you know, as time progresses that will become more
- 28:34and more and more apparent. And once again, El Salvador, El
- 28:39Salvador, setting the standard for the rest of the world.
- 28:43Opti. Yeah.
- 28:45I mean like I said in the beginning, you know this is an
- 28:48unprecedented level of transparency by El Salvador and
- 28:53I love that you compared it with the Fort Knox and you know call
- 28:56me a conspiracy theorist all you want but I'm of the I lean
- 29:00towards the side that there's not as much gold as they claim
- 29:03there. And I really love that article
- 29:04that you that you were covering. Literally guys they literally
- 29:09said proof of smiles like that is what's backing your gold.
- 29:12Oh, they were smiling that they know that the gold was there.
- 29:15They only saw it for a minute. Who knows what they were
- 29:17actually looking at? Was it tungsten painted gold?
- 29:20Was it actually gold bars? Obviously they're not able to
- 29:24audit all the amount of gold there with a few seconds and
- 29:26proof of smiles, but whatever. That's just like Pete Clown
- 29:29World and just seeing Bukele expose their, their address with
- 29:35their reserves. You know, I know there's a lot
- 29:37of talk on Twitter about like proof of reserves as a sham, all
- 29:40that good stuff. But again, I think this is
- 29:43setting a new standard for every nation state out there that the
- 29:47financial trickery that is the status quo now has a mirror to
- 29:51it, which is El Salvador. And they're like this is our
- 29:53holdings, these are our reserves and you guys can audit it for
- 29:57yourselves. And I just love that Bukele was
- 29:59memeing it as well in the tweet of like, hey, it may not be
- 30:02much, but it's honest work and man, it just the level of
- 30:06transparency there is, is absolutely incredible.
- 30:10Bukele's a Chad in that regard. And when you compare and
- 30:14contrast asset to the traditional financial system or
- 30:16rather clown world that we see in the US and in the first world
- 30:20quote UN quote, it's really an incredible moment because like
- 30:25their lies now have a a literal mirror there in El Salvador.
- 30:29It's like look you guys can say all you want about us, but
- 30:33here's the truth. Here's the here's the the
- 30:36address where you can verify it yourselves.
- 30:38And bitcoins have been saying that this would happen for a
- 30:40long time and I know the the Bitcoin meme of like you're not
- 30:43supposed to share your holdings but guys it's a nation state.
- 30:46Like it's the people's money that this level of transparency
- 30:49is a good thing. But one of the things that I
- 30:52think is going to be very interesting is to see the
- 30:55technicals of actually how they work this out.
- 30:58You know, are they going to be using a multi SIG?
- 31:00How is this vault that they're protected?
- 31:01Is it just going to be like a, you know, a cold card or a
- 31:04passport in there just like a single one or like multi sig set
- 31:08up? It's.
- 31:09This. It's this.
- 31:10OK, so this is what it looks like I'm telling you right now,
- 31:12right? So it's a combination of like
- 31:15their their cold storage. It's like this, Okay, and
- 31:18there's a single vault in the middle of the room, and it's
- 31:22guarded by two armed guards, right?
- 31:24And a giant portrait of Naeem Bouquet behind it.
- 31:28And there's. Like a statue.
- 31:30It's like a glass. Bowl, and there's like a single
- 31:33Passport Foundation hardware wallet sitting right there in
- 31:37the middle. Yeah.
- 31:39Well, yeah, that's the interesting part though.
- 31:41Like obviously you think they do a multi sig setup or something
- 31:45of that nature, but it's going to be very interesting to see
- 31:48them. It's not.
- 31:49I just described it to you. I know, I know, I know.
- 31:52But let's be honest, insider information, OK?
- 31:55OK, you know, insider insider information on those.
- 31:58But it's going to be very interesting to see how this
- 32:00plays out. Not not only like the multi sig
- 32:02setup or you know, single sig with a password, but it's going
- 32:06to be super interesting to see them experiment on like them
- 32:10securing their cold storage and then see how other nations learn
- 32:14from El Salvador. And again, you know, like El
- 32:18Salvador is a democracy. So it's going to be very
- 32:20interesting when there is a new president, how this is going to
- 32:23be handled, how the keys are going to be passed on.
- 32:25Is it going to be, you know, like both parties, you know,
- 32:29holding keys, Like there's a lot of technicals here that I think
- 32:33it's very interesting. And I'm, yeah, unprecedented
- 32:36levels. It's true, I 100% agree.
- 32:39But the fact that it's it's there, It's trying.
- 32:41I agree, and I totally agree. Soon as there's Bitcoin going
- 32:44out of that address, there's accountability now. 100%.
- 32:48There's like, ohh wow. So the funds are moving.
- 32:50Were they moving too right? Anyways, Dom, what's your take?
- 32:54On this, wait, wait. Before we go though, shouts out
- 32:56to all the bit corners that were sending Sats to that address as
- 32:59well. Like, it's absolutely
- 33:01incredible. They're like, oh, here's the
- 33:03address within like, I think minute people were sending
- 33:06Bitcoin to El Salvador. It's just incredible.
- 33:08Like bit corners crack me up. Yeah, 100%.
- 33:12Anyways, Dom, what's your take on all this, brother?
- 33:16So many, so many different thoughts come to mind, but I'm
- 33:18going to give you a couple off the bat.
- 33:19Number one, you, you have the picture up there, Nico of Fort
- 33:23Knox. And the story here which you
- 33:25articulated so well, is this is outdated technology, a giant
- 33:30building with barbed wire, militarized vehicles and and
- 33:34military and all these things. It's outdated and that's because
- 33:38gold is outdated technology. So they are guarding, it'd be
- 33:42like if we had a huge building guarding a fax machine, like
- 33:46it's just, you know, what's the point.
- 33:48This is on its way out. Obviously that's, you know, gold
- 33:52still has value, but but it will not keep pace with the world
- 33:56moving forward. And that's insane.
- 33:58And that that's what makes this so massive that El Salvador and
- 34:02Bouquet Lee are ahead of schedule on this and capturing
- 34:07this new tech and using it for the best of their country and
- 34:10their folks. So that's unbelievable.
- 34:13My second thought is man, so amazing for you know, like Max
- 34:18and Stacy. You know who obviously were
- 34:21pivotal and getting to this point, I I just envisioned Max
- 34:24looking at this tweet going. I used to I used to tip cab
- 34:29drivers this amount of Bitcoin in New York City.
- 34:32You know back in in in 2010 or 2000, 2011 and to to watch this
- 34:38story arc and actually a pretty short time if you can if you
- 34:42think about you know 2011 Max is tipping taxi drivers 5000
- 34:46Bitcoin and Fast forward to 2024 and a sovereign nation holds
- 34:52that amount which doesn't represent the entire amount of
- 34:55Bitcoin they have but as you said is now you know a great
- 35:00foundation for the country and they're utilizing the tech and
- 35:03showing that transparency. So that's awesome.
- 35:05The third thing, which is more of a sad note for me is I own a
- 35:09actual bouquet Lee Piggy Bank that I bought in El Salvador
- 35:14that has a slot in the top of the head.
- 35:16But I was doing some work in the house and it broke.
- 35:19So this is a sad but also hopeful for me because it's very
- 35:23symbolic. My Fiat Piggy Bank broke, but
- 35:26now you know you have this, this new Piggy Bank of the future
- 35:29emerging. So very cool story and again you
- 35:33have to give El Salvador all the props and like like Nico said,
- 35:36if you're not being as transparent and using tech which
- 35:39makes it possible to be transparent with funds, you
- 35:42really should hold your opinion to yourself as a as a nation
- 35:47ours. Absolute signal from Dom.
- 35:50Alright guys, before we move on to the news, I do want to give a
- 35:53shout out to our merge guys is a limited drop by the way.
- 35:57We appreciate everyone supporting us.
- 35:59Man. These these shirts and hats have
- 36:02been flying off the shelf. So really appreciate it guys.
- 36:05We teamed up with a Bitcoin artist, Opti.
- 36:08I always pronounce his name wrong.
- 36:09How do you say it? Asanella, Asanella, Asanella.
- 36:12Not Asanella, Asanella. Asanella Asanella under score
- 36:15gold on Twitter There we go. And he's an incredible Bitcoin
- 36:18artist. Love his work and we teamed up
- 36:22to him to create some merch. So we have the Peaceful Bitcoin
- 36:24Revolution shirt, We have the Gold Bitcoin Pill shirt.
- 36:28We have a gold Bitcoin snapback, a Gold Bitcoin dad hat.
- 36:32The ladies merch. We hear you guys, we hear you
- 36:36girls better said we have ladies merch as well.
- 36:38So go check it out. Go to simplybitcoin.com today
- 36:43and get yours while supplies last because they are flying off
- 36:45the shelf. We really appreciate the support
- 36:47guys. All right everybody, let's get
- 36:49some news. We have a lot to talk about
- 36:50today. Let's check it out.
- 36:51Here we go, the Daily News. I wanna give a shout out to our
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- 37:52All right ladies and gentlemen, I made it incredibly easy for
- 37:55you guys. You could scan the QR code on
- 37:57your screen right now and this is how you'll get yourself a
- 38:02passport hardware wallet Guys take self custody of your
- 38:06Bitcoin and the way that you do that is by getting yourself a
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- 38:14It's so seamless to you, especially if you pair it up
- 38:16with the Envoy app. I highly, highly recommend it.
- 38:20Check out. Wait, wait.
- 38:20And you go before you go, Before you go, sorry, sorry, Passport
- 38:25Foundation devices. We do got a super chat, shouts
- 38:30out to you guys. I appreciate it guys.
- 38:33You want to read it opti. Yeah sure.
- 38:34So shouts up to Thomas Hara. I I think he's a zoomer out
- 38:37there. He goes we go over Fort with
- 38:39giant magnet shouts out to you is helicopter magnet and
- 38:44laughing emojis for cool emojis. Rustin.
- 38:46We got, we got another one. Rustin, do not do that.
- 38:49We got another one. I don't know what CHF is.
- 38:52Do you know what? Yes, that's the Swiss currency,
- 38:55so. Congested heart failure.
- 38:58Shouts out to you, bro. No comment, but we appreciate
- 39:01it. All right, All right.
- 39:02Got Nico. We're gonna have to figure out
- 39:04the best way to do this. I don't know, but without
- 39:06cutting you off. Appreciate it.
- 39:07No, no, no. It's all good.
- 39:08No, I mean the Super chats justify cutting people off.
- 39:12OK, you heard it here. First, you can cut Niko off.
- 39:14Should we? Should we Should we create like
- 39:16a? We should have like a like?
- 39:20That's not the right sound. Yeah, there we.
- 39:22Go. There we go.
- 39:23There we go. OK, let's, let's, let's, let's
- 39:26try that again, OK? All right, guys, we got a super
- 39:29chat from this. Sounds good, right?
- 39:31That's good. That's.
- 39:32Good. It sounds good.
- 39:34It sounds good. It sounds good.
- 39:36We got a super chat from Dom all right.
- 39:38OK anyways, so quick ETF update. The BlackRock ETF currently
- 39:43holds 22,000. Sorry, 20, two, 2200, two.
- 39:48I don't know what It's fucking Friday, guys.
- 39:50I'm sorry. 228. Nico Nico's a new dad.
- 39:54Nico's a new dad with a three-week old and is running on
- 39:57Vegas sleep right now. As you could tell guys, I have
- 40:00nots left anyways, so yes, I'm not even going to try it again.
- 40:04Fidelity currently holds 132,000 Bitcoin and compare that with
- 40:10Michael Saylor, 205,000 Bitcoin. But this man keeps raising
- 40:15Bitcoin. He's found the IT.
- 40:16Sorry, keep raising money. He found the infinite money
- 40:19glitch. And I suspect Michael Sailor's
- 40:22stack will continue to grow. He wants to hit that 1%, which
- 40:26is 210,000 Bitcoin. Did we lose him?
- 40:35Might have been a little freeze frame right there.
- 40:38Or is he frozen? For you think he's frozen for
- 40:40me. Nico.
- 40:40Nico. We lost you.
- 40:41We lost you. Come back to the light.
- 40:45Come to the light. They cut off his Internet again.
- 40:50Hey, but we're still running live, dude.
- 40:51There's Hey, what's up? Yeah, so.
- 40:53So check it out. There's your quick update.
- 40:56Now you got you cut. Off for a moment.
- 40:58You you were lagging. Still lagging.
- 41:09Wow, we do this live. Hey, we run it live and you
- 41:14know, it just happens so all. Right.
- 41:17Let's let me see if we can pull them off real quick.
- 41:21Pull them back into the light Opti.
- 41:23In the meantime, Lummus was just going to talk about how she's
- 41:25anti CBDC. Yeah, Nico, you're let's see,
- 41:30he's done. He's out of here.
- 41:34Wow. Mid show.
- 41:37Hey, things happen, you know, It's like, it's like in The
- 41:40Godfather when Michael Corleone comes back and they say, hey,
- 41:42you're the dawn now, you know, so it's.
- 41:44Like you're the dawn. Opti bro, you know.
- 41:46I mean, I don't I I don't even completely forgot what he was
- 41:49gonna, what he was gonna cover. So let's see what's going on.
- 41:52He was. He was on ETFs.
- 41:54The massive flows the fact. That he he just, yeah, like can
- 41:57we talk about the Sailor stuff again?
- 41:59I know we've been covering it all week.
- 42:01He'll pop in right now. But like it's so interesting
- 42:05just watching Sailor be like, I'm going to get to 1% I'm not
- 42:08going to let Black Rock win here.
- 42:10And then the the the discrepancy between the, what's it the
- 42:16Fidelity ETF and the Black Rock ETF.
- 42:19Like, dude, BlackRock is just scooping up all of the coins and
- 42:26they're they're dude, they're winning the pack.
- 42:28They're absolutely winning the pack.
- 42:31Yeah, the ETFs, you know, as we've seen in the numbers, they
- 42:36have insanely exceeded expectations and the interest
- 42:41stays consistent. And so and then and then you
- 42:45have Sailor who's like, all right, you know, you guys want
- 42:47to raise me one, like I'll raise you one right back.
- 42:50We're going back to stacking more.
- 42:53I'm wondering how long until Sailor starts building an AI
- 42:56program to do interviews 'cause you can, I'm starting to see,
- 43:00you know, that Lat, the interview you guys started the
- 43:02show off with the with the gal who was like, but come on
- 43:04Michael. People buy assets to sell them.
- 43:07You see in the eyes like the light just go out and he goes,
- 43:10OK, I was trying to be technical on this, but now I'm going to
- 43:13just switch, OK? We have a name for people that
- 43:16say with Pi. We call them poor.
- 43:18All right. You know, I'm going to, I'm
- 43:19going to do a hard pivot right here.
- 43:21Let's jump into the culture with Dom so we can continue the
- 43:23conversation, guys. Nico will pop in and then we'll,
- 43:26if he pops back in, we'll finish with the news.
- 43:28So let's go into the culture, the daily culture.
- 43:40All right, guys, hold on, hold on.
- 43:41I'm I'm doing everything real time so that we can get
- 43:44everything going. Since Nico didn't pay his
- 43:47Internet bill or whatever, first and foremost you already know
- 43:50the deal. Kaboom racks.
- 43:53Go to kaboomracks.com, join the Telegram group, the best place
- 43:57to buy, sell and host your ASICS.
- 44:00If you're thinking about mining Bitcoin, get in touch with the
- 44:03Kaboom Racks team because they will tell you everything you
- 44:06need to know in regards to whether this is the best time to
- 44:10be buying a six, whether you should get into mining Bitcoin.
- 44:14Excuse me? Jeez.
- 44:17Dying over here, the team is, in my opinion, one of the best.
- 44:21All right, next thing Shouts out the Bitcoin evangelism.
- 44:23Shouts out to our boy Brian de Mint.
- 44:26We are on the mission to evangelize the world.
- 44:28We have millions of people to Orange Pill.
- 44:31Get the book. It's one of the best books so
- 44:33that you can have the talking point so that you know what to
- 44:35say to your normie friends when they try to flood Bitcoin.
- 44:39Scan the QR codes. You already know the deal.
- 44:41Let's get into the culture with Dom so that we can keep the show
- 44:44going. Considering that Nico got naked
- 44:46right now live. They cut his Internet.
- 44:48He just DM me. They cut his Internet.
- 44:51Let's see. All right, he said.
- 44:52Give me a second. All right, so, Dom, actually,
- 44:55let's go. Let's go here first for a
- 44:57second. If people don't know what you're
- 45:00working on, let's start with what is proof of workforce?
- 45:04What is the goal that you've been doing?
- 45:06What is everything going on with you?
- 45:08Oh, is he bad? OK, Nico, I I pivoted.
- 45:11We're going to do the culture. We're going to do the culture
- 45:12real quick. And then we'll go back to the
- 45:13news. Yeah.
- 45:14Did you play? No, no, all good.
- 45:15Did you play the transition? Yeah, yeah, we're we're in the
- 45:18culture. So for the people that don't
- 45:21know what is proof of workforce, what is your goal?
- 45:25And then we'll update them on how it's been going and some of
- 45:28the stuff you've been tweeting lately.
- 45:30Yeah, thank you. So I I know I've had the the
- 45:33great fortune of being on here before and some of your
- 45:35listeners may be familiar of with proof of Workforce but I'm
- 45:39going to do a brief overview for those who aren't.
- 45:42Proof of workforce is a non profit that was born out of the
- 45:45idea to assist the Santa Monica firefighters and becoming the
- 45:49first union in the nation to hold Bitcoin on the balance
- 45:53sheet in self custody with no third party from that the
- 45:57nonprofit came to be and our mission is very simple.
- 46:01We want to provide no cost resources.
- 46:04We know that it's a very complex field out there for people that
- 46:07are looking to bring Bitcoin to their organization and it's hard
- 46:11to figure out like who can, you know, where do we get quality
- 46:14resources? You know, proof of workforce is
- 46:17a nonprofit. We have no product to sell, we
- 46:19have no fees to charge. We don't care where you end up,
- 46:23you know buying Bitcoin, holding Bitcoin, we just give you solid
- 46:26information. And so our mission is to help
- 46:29bitcoiners, and even in some cases non coiners that become
- 46:32bitcoiners bring Bitcoin to their organizations, whether it
- 46:37be a union, a pension fund, a municipality organization, But
- 46:43focus on the workforce because workers are most vulnerable to
- 46:47inflation. They trade their time for money
- 46:49in the short term and they also trade their time for money in
- 46:53the long term with retirement and things like that.
- 46:55So we want to give you resources to have the best chance to bring
- 46:59Bitcoin to your organization. So we work with tons of Labor
- 47:03unions, cities, pension funds. We're even working abroad with
- 47:08some folks. Now anyone that's trying to
- 47:10bring Bitcoin to their organization, we're here to
- 47:13assist with that. So that is proof of workforce.
- 47:16Love it, Dom. OK, now let me pull up this
- 47:19tweet here that I was going to play earlier.
- 47:22I I saw this tweet yesterday. Or when you when you tweet this
- 47:25two days ago and it's it's very interesting considering we are
- 47:29in an election season. Of course you're working in
- 47:32America. We we are American centric.
- 47:34But I think this is one of those good framings for everyone out
- 47:38there when we're talking about how to best represent Bitcoin.
- 47:41And here's Dom's tweet many Americans haven't yet made the
- 47:44connection on how Bitcoin adoption addresses their biggest
- 47:47concerns going into 24 election. Thanks to bitcoiners, many
- 47:50people are figuring it out every day and I don't know where you
- 47:53got this, this voter issues. What would you call this graph
- 47:57here. But look at what number one is
- 47:59guys, 20% on inflation for the most important issues for voters
- 48:03in the US So add that with everything else we're seeing
- 48:06going on. We also saw this you know
- 48:08Arizona State Senate considering adding Bitcoin ETFs to their
- 48:11retirement portfolios. You even are showing that
- 48:15Pennsylvania employees pension range and private equity
- 48:18commitment plans. Guys, there is a solution to
- 48:21this and maybe it's just getting into Bitcoin, maybe it's just
- 48:25stacking some Bitcoin for your retirement.
- 48:27So connecting all that together, Dom, what's going on here?
- 48:30Are we going to see some exciting names coming out in Q2
- 48:33of this year? Like what have you been seeing
- 48:35on the ground? Yeah, so the original poll that
- 48:40you showed was a 2024 poll ranking the issues for American
- 48:45voters going into the presidential election of what's
- 48:47most important to them. The reason I started looking
- 48:50into this is, as you know, Biden has reintroduced the 30% excise
- 48:55tax on mining. Now while I look at this as
- 48:59being a bargaining chip, I stop and I ask myself why?
- 49:03Why is why are they even allowed to use this as a bargaining chip
- 49:07right like because for us it's a non starter.
- 49:10We know how bad a 30% tax would be on miners and and what it
- 49:14would do to the mining industry in the US which is leading right
- 49:17now in the world. And then you start to look at
- 49:21the consequence of doing something like this.
- 49:23And so you know adoption is going well.
- 49:27We have more bitcoiners around the country every day, but
- 49:32elected officials still enjoy the luxury of having Bitcoin not
- 49:37not poll as a top five issue, and therefore they can use
- 49:41things like a mining tax to try to get concessions from the
- 49:45other side of the aisle. Who maybe cares more about
- 49:48mining or has more lobbyists, you know, in their ear on
- 49:51mining. The funny thing is, is that
- 49:54while Bitcoin isn't a top five issue on polling, if you pull up
- 49:57that that image, it's directly correlated to all the top
- 50:03issues, including the number one issue, which is inflation,
- 50:06prices and the economy. It's just that Bitcoin Americans
- 50:11need to get they they're on their way there, right?
- 50:13You guys can feel it. I can feel it right now that
- 50:16they're getting close to figuring out, Oh my gosh,
- 50:18there's something wrong with our money and and and there's a
- 50:22limited time until that that gap closes where people go, yeah, my
- 50:27#1 issue voting is inflation. And I also know that our money
- 50:31is broken and bitcoins a better option.
- 50:33So don't try to introduce some, you know, devastating mining
- 50:38taxes, a bargaining chip or you'll lose my vote completely
- 50:41just even for introducing it. That's where we need to get.
- 50:45That's where I think all of us are working really hard to get
- 50:47people there. So I thought this was really
- 50:49interesting. Some of the other things on
- 50:51their healthcare, which we know has heavy foundations of its
- 50:55biggest problems because of the Fiat system.
- 50:57You go to the emergency room and you get a bill for like a
- 51:00Band-Aid cost you $20,000. But you're, you know what?
- 51:03What the hell is going on here? Jobs in the economy, right?
- 51:08The the list goes on. Even the environment, right?
- 51:11With Bitcoin, in my opinion, being able to do more for
- 51:14renewable energy, then you know, California has this goal for
- 51:19renewable energy and they're not going to achieve it.
- 51:22Bitcoin can help close that gap and achieve some of these goals.
- 51:25So Bitcoin is for everyone, They just need to find it.
- 51:28Pension funds are warming up to this.
- 51:30I saw someone in the comments that said oh Houston was the
- 51:33first to add Bitcoin. They added Bitcoin to their
- 51:37balance sheet. Their a pension.
- 51:39They didn't do it in self custody.
- 51:41They had a third party custodian.
- 51:43The Santa Monica firefighters was a fund and we were the first
- 51:47to put it in self custody on our fund.
- 51:49So I was just addressing that real quick.
- 51:51Arizona passed a resolution setting a hard deadline of
- 51:55calling for a comprehensive report on ways that Bitcoin can
- 51:59serve their pension state pension system.
- 52:02So that is going to be delivered before the next quarter.
- 52:04We're seeing. We're using that as fuel to hit
- 52:08other states. I, I text, you know, I I
- 52:10messaged some folks in other pension system saying well looks
- 52:13like you're not going to be the first anymore but will you be
- 52:16the last question mark? I I don't know, you know, I
- 52:19don't maybe some states will be the 50th to get on board and and
- 52:23they will do it. So it's slow.
- 52:25The pension systems are slow to move.
- 52:28There's a lot of you know complexity and moving parts but
- 52:31they are coming around. They have a vehicle with the ETF
- 52:35and Bitcoin once again proving that it is not dead.
- 52:39Just like it will prove in this whatever small little tiny drop
- 52:43that people will focus on, It is not dead.
- 52:46It is the most resilient tech out there.
- 52:50People are finally starting to to ask, maybe the New York Times
- 52:55was wrong. You know, maybe these mainstream
- 52:57media outlets just, I don't know, they had a different
- 53:00agenda because this thing is not dead like they said 1000 times
- 53:04before. So really great things that
- 53:06we're seeing in our work in the space.
- 53:09Love it and and can you tell the people about the the Santa
- 53:13Monica's treasury and how it's outperforming everything and and
- 53:18that just like how hyped you are that you actually forced that
- 53:21move to happen or it incentivize that move to happen.
- 53:24Yeah. So, so most workforce
- 53:27organizations and unions etcetera, they keep a reserve
- 53:29fund and they keep this for kind of a rainy day, right, In case
- 53:33something happens, maybe they go on strike, who knows what what's
- 53:37going to happen. But they have funds there.
- 53:40The problem is, is they've traditionally kept these funds
- 53:43just holding cash, which as we know are getting wrecked from
- 53:47inflation. So by the time they need these
- 53:49monies, they don't. They buy you a Tacoma truck and
- 53:53meanwhile you needed this massive amount of money to get
- 53:55you out of this situation and you can't do much with it.
- 53:57So what we did was take a make a small allocation to Bitcoin, put
- 54:03it on the reserve balance sheet and of course, look, it's not,
- 54:07it's not time in the market, it's time in the market and we
- 54:10still have little time in the market.
- 54:12This is a long term play, but in just four months we surpassed
- 54:17the percentage yield gained from you know high interest CDs. 15
- 54:22years worth of yield percentages gained in four months with
- 54:24Bitcoin at a smaller percentage in real dollars because we've
- 54:28always allocated more to like safer high yield CDs.
- 54:33At least six to seven years of actual dollars for a much higher
- 54:38allocation to like a something like ACD surpassed in just four
- 54:42months. Amazing.
- 54:44So now Bitcoin represents a large part of the reserve and
- 54:48even if inflation gets, you know, significantly worse, the
- 54:52reason we have the money will be able to carry out that goal or
- 54:58that mission of doing what it needs to do.
- 55:00When that time comes, we don't have to worry about depleting
- 55:02our funds from inflation. And we did it with a
- 55:07conservative amount where if Bitcoin were to go drop
- 55:10significantly, it would not impact also our ability to, you
- 55:14know, serve the membership. So this is massive and we're
- 55:17just looking at it the other day going like, oh, you know, that,
- 55:21you know, we were like, when does the other CD come to term,
- 55:24you know? But again, we still have to be
- 55:26responsible. I still think for organizations
- 55:30the investment cannot outpace the education because then you
- 55:33switch to gambling instead of utilizing Bitcoin as a long term
- 55:37asset to benefit the members. Amazing.
- 55:41Amazing. All right, let's let's pivot a
- 55:43little bit. Dom, you guys are doing a proof
- 55:46of work for spaces tonight. Are you going to be updating
- 55:49them on what you're working on? The ground you you were just
- 55:51telling me you're going to be talking at the policy summit,
- 55:55you're going to California to talk to some pensions, You might
- 55:57even be out of state talking to people.
- 56:00So what's going on? What are you guys going to be
- 56:01talking about? Yeah, Today we're doing a new
- 56:04Friday spaces that we do every day at 11.
- 56:07It's called Payday Friday with proof of workforce.
- 56:10Luckily, the market's shown us some love so that we can get,
- 56:13you know, when everyone getting their paycheck this Friday can
- 56:15get a little more sats than they thought they would a few days
- 56:18ago. Oh yeah.
- 56:19We do a little brief news rundown of things that are, you
- 56:23know, pertaining to the wage earner in the realm of Bitcoin
- 56:27throughout the the country and the world.
- 56:30Today we're going to talk about the concept of how do
- 56:34individuals navigate potentially taking you know utilizing the
- 56:38gains they've made in Bitcoin but holding on to their Bitcoin
- 56:42how to avoid like over leveraging getting into bad
- 56:46situations with trying to borrow against your Bitcoin utilizing
- 56:51you know we know that the the the Celsius is of the world you
- 56:55know and and the block fives will re emerge like and so how
- 56:59do you navigate that and protect yourself and and be very wary of
- 57:02of losing your Bitcoin. So we're talking about that and
- 57:07we're also going to have, I don't know if you guys know the
- 57:09folks from smart vaults on, but we're going to talk about vault
- 57:12solutions for organizations. So if you have an organization
- 57:16like a workforce organization, a union or even a church or
- 57:19something like that, we're going to talk some exciting stuff
- 57:22about what vault solutions are out there that fit an
- 57:25organization that has board members, multi signatories
- 57:29etcetera to safely self custody your Bitcoin.
- 57:32So we'll do that and then of course we'll give an update on
- 57:35stuff that we're doing. We are going to DC for the
- 57:39Bitcoin Policy Institute Summit going to be presenting at Bit
- 57:43Block Boom in Dallas. I know both of Y'all are going
- 57:46to be there. You're going to be there, right,
- 57:47Miko? Yeah, yeah, we're gonna be
- 57:49there. Simply doing the production for
- 57:51it. So you should We might be there,
- 57:54We might be there. We might be there in.
- 57:56Spirit. The fams gonna be.
- 57:57I can't wait. It's my first time with.
- 57:59Jackson is gonna be on the news desk a bit block Boom, just like
- 58:02he was on the news desk at Unconfiscatable Baby.
- 58:04And that's what's up. I can't wait.
- 58:07So yeah, we're doing that. We're doing some stuff abroad in
- 58:10April. We're working with some cities
- 58:12in the Midwest to build out a Bitcoin fund to help fund
- 58:16unfunded liabilities for pensions.
- 58:18So using Bitcoin to strengthen the finances of membership base
- 58:22kind of organization stuff. So lots of cool stuff.
- 58:25But if you guys are around, would love to have, and I know
- 58:28you guys are probably busy but any of the listeners at 11, if
- 58:32you want to pop in briefly bring anything you wanna talk about
- 58:35pertaining to the wage earner workers and Bitcoin where we're
- 58:39here for it for payday Friday. Love it.
- 58:41All right, all right, Dom, last question.
- 58:43I'm gonna put you on the on the spot here.
- 58:46What is your predictions for 2024?
- 58:49Are we gonna see some some crazy news coming out?
- 58:51I know you say the pensions are slow to move, but what?
- 58:55What? In an ideal world, what would be
- 58:57like? What do you think's gonna happen
- 58:59this year? And then we'll go back and cover
- 59:00the news for you guys. Yeah.
- 59:02So I would not be surprised when Q1 is reported out.
- 59:06And I know sometimes that's late delayed a few quarters.
- 59:09But later in the year, I believe we will see pension systems that
- 59:12have potentially already allocated to the ETF.
- 59:16There's a very high possibility of that.
- 59:18I'm not saying anything for sure that that's happened.
- 59:21As the year goes on, I do believe we're going to see a
- 59:24handful of pensions that allocate to Bitcoin either
- 59:28through the ETF or hopefully something we're working on
- 59:31improve a workforce is helping them build out a division
- 59:35internally that's focused on self custody and really tapping
- 59:39exploring how that could be possible for you know something
- 59:42like a city or a pension fund. So I think they will come around
- 59:47like any cycle. You know they say this is
- 59:49institutional cycle. You're going to have other funds
- 59:52that ridicule them, make fun of them, tell them that they're
- 59:55gambling the funds of the participants and they're going
- 1:00:00to go through all the things that we went through in a cycle
- 1:00:03just at an institutional level. But those funds that do allocate
- 1:00:07will have the benefit of getting in early when you take you know
- 1:00:11a 5/10/20 year horizon and they will be stronger for it.
- 1:00:15And down the road you will see those workers that are part of
- 1:00:19those systems. You'll see headlines like.
- 1:00:23Retirement age decreased in this city, in this pension system
- 1:00:27because Bitcoin buoys the pension fund and helps them
- 1:00:31navigate choppy waters. Or you'll see a headline like
- 1:00:34Pension Fund avoids having to, you know, push back retirement
- 1:00:40ages because the the decrease in the value of their commercial
- 1:00:44real estate office space was offset by an early allocation to
- 1:00:48Bitcoin. Boom.
- 1:00:49You're going to see that and then you're going to see funds
- 1:00:52going. What are we doing?
- 1:00:53Well, we're in a tough place. Go ahead and tell the workers
- 1:00:56they're going to have to work a few years extra to retire.
- 1:00:59We'll need more of their money towards the fund and let the
- 1:01:02taxpayers know we're going to need more of their money too to
- 1:01:04offset. And and the taxpayers will say,
- 1:01:06why is this city not having to do that, but you are.
- 1:01:09And they're going to have to tell them because they they got
- 1:01:12into Bitcoin early, they learned about it, they built it into
- 1:01:15their strategy. So I do see that for 24 moving
- 1:01:18into 25 for sure. Incredible.
- 1:01:21Incredible. All right, Nico, let's let's go
- 1:01:24back and hit the news. I don't know if you want to do
- 1:01:25the transition or just go straight into it.
- 1:01:27No, we'll go straight into it guys.
- 1:01:28We're rolling with the punches. This is a live show, right?
- 1:01:31So we, we, you know, we we when things go right, it seems very
- 1:01:34smooth and you know and all the transitions and all that.
- 1:01:37But it's one of those days where, like coincidentally, as
- 1:01:41soon as I was about to start talking about central bank
- 1:01:44digital, my Internet just. Now he's going to get yeah,
- 1:01:49you're here, you're still here, you're still here and you go,
- 1:01:51let's, let's go. Oh, yeah.
- 1:01:52OK All right. See.
- 1:01:53You're gonna talk about Fort Knox?
- 1:01:55Like, yeah, Don't. Talk about Fort Knox CBD.
- 1:01:58CS Boom, right? Anyways, All right, all right.
- 1:02:00Ladies and gentlemen, so sorry for the technical issues today.
- 1:02:03I just want to give a shout out to John.
- 1:02:04I have to go. Full screen though.
- 1:02:06Dom, you're the fucking man, bro.
- 1:02:08Keep doing what you're doing. Proof of workforce.
- 1:02:11Guys, check out the Twitter spaces tonight.
- 1:02:14Friday night Payday Fridays. You know it's incredibly
- 1:02:18important what Dom is doing for the blue collar workers all
- 1:02:22around the country. I know it's just starting Santa
- 1:02:25Monica, but I'm telling you, there's something special here.
- 1:02:28Bitcoin is a solution and Dom is the vehicle making it happen,
- 1:02:32man. So Dom, shout out to you.
- 1:02:34I really fucking enjoyed that shit.
- 1:02:35And Opti Killer questions, like always, my friend.
- 1:02:38All right, here we go. I'm going to try to make this
- 1:02:41quick, ladies and gentlemen. So we were talking about this
- 1:02:44earlier on in the week, but here is essentially the Bitcoin
- 1:02:47senator Cynthia Lummis. I'm going to play this in the
- 1:02:49background while I kind of look at this, man.
- 1:02:51Crazy stuff happening today. Don't talk about foreign Knox,
- 1:02:56apparently. Anyways, so here's Cynthia
- 1:02:59Lummis, and apparently the video is not working.
- 1:03:01But in this video, she was asking Jerome Powell point
- 1:03:06blank, whether the Federal Reserve could introduce ACBDC
- 1:03:11without Congressional approval. And Jerome Powell said no, they
- 1:03:15could not. However, However, here is GOP
- 1:03:19Majority Whip Tom Emmer, and this is his tweet, and this is
- 1:03:24not our words, this is his words, he says.
- 1:03:26If you don't think the Fed is pursuing ACBDC, think again.
- 1:03:29The Fed gave this to my staff during a presentation earlier
- 1:03:33this Congress. They view a CDC as one of their
- 1:03:37key duties. Here's a screenshot.
- 1:03:40The top it says key duties of the Fed payment systems.
- 1:03:43At the very bottom it says central bank digital currencies.
- 1:03:48So ladies and gentlemen, make no mistake, when we say Bitcoin or
- 1:03:51slavery on simply Bitcoin, we mean it.
- 1:03:54And again, don't pay attention to what they say, pay attention
- 1:03:58to what they do now. It's story that I've been
- 1:04:02wanting to cover for many weeks now, but we haven't had the
- 1:04:05chance is guys the CBDC. You know these systems as they
- 1:04:10continue to fail, Bitcoin and bitcoiners will be used as the
- 1:04:16scapegoat. I love using Nigeria as an
- 1:04:18example because Nigeria is one of the first countries that
- 1:04:21really rolled out a CBDC and it failed.
- 1:04:25And the reason that it failed was because as much as
- 1:04:28governments are saying CBD, CS are made are supposed to make
- 1:04:32payments more efficient, the actual reason is so that
- 1:04:35governments could retain the privilege and the power of being
- 1:04:39able to create money for free that everyone else has to work
- 1:04:41for. However, when you just print
- 1:04:43money out of thin air, guess what happens, right?
- 1:04:46There's inflation. You're debasing everyone's
- 1:04:48currency, right? And The thing is, is that when
- 1:04:52we didn't have an alternative before Bitcoin, and that
- 1:04:56alternative, you could say gold was that alternative.
- 1:04:58Well, I mean look at how that ended up right, the 6th when we
- 1:05:00just talked about four Knox, right.
- 1:05:02But now we have an alternative that is UN confiscatable, right?
- 1:05:07Especially if you take self, No, only if you take self custody,
- 1:05:11right. If you write down those 1224
- 1:05:13words, you use a multi sig set up geographically, separate your
- 1:05:17seeds and different jurisdictions, man, no one's
- 1:05:20going to get that Bitcoin, I'm telling you right.
- 1:05:24I would even go on to say that if you store your Bitcoin
- 1:05:27properly it it's more secure than Fort Knox and that's a big
- 1:05:30statement right? Anyways, so this is the
- 1:05:33foreshadowing, This is, this is something also that the book the
- 1:05:36sovereign individual predicted, right?
- 1:05:38That as the nation state right is the nation states ability to
- 1:05:43collect tax revenue. And when I mentioned tax
- 1:05:45revenue, I'm not only talking about direct taxation, I'm also
- 1:05:50talking about the indirect taxation of inflation.
- 1:05:53They will turn nasty and what will they do?
- 1:05:57Instead of taking responsibility, instead of
- 1:05:59cutting spending, what they'll do is they'll blame the
- 1:06:03technology, they'll blame the tool.
- 1:06:06So I would not be surprised if this came to a nation near you
- 1:06:10very soon. So the headline of the article
- 1:06:12says Nigerian authorities blame Binance for 70% Naira
- 1:06:16devaluation. Why Binance?
- 1:06:18Well, Binance is the facilitator, right?
- 1:06:20Binance is an on ramp. Binance allows you to buy an
- 1:06:25alternative currency, right? So it's not Binance's fault.
- 1:06:29And you could say you could replace the word Binance.
- 1:06:31You put Bitcoin in there, it's the same thing.
- 1:06:35But instead of saying, OK, we printed too much money, we're
- 1:06:38spending money we don't have. What are they doing?
- 1:06:41They're blaming the technology. They're blaming, you know, the
- 1:06:45facilitator, right? Move to issue arrest warrant
- 1:06:48against CEO. The country's central bank
- 1:06:51claims the exchange manipulated foreign exchange rates through
- 1:06:54currency speculation and rate fixing, which led to the local
- 1:06:57currency nearly losing nearly 70% of its value in recent
- 1:07:01months. Or maybe they just printed a
- 1:07:03ridiculous amount of money. Right.
- 1:07:06And again which is really interesting, right.
- 1:07:08And as you say OK, but that's in Nigeria that's not going to
- 1:07:10happen here and you go, well kind of very similar wording
- 1:07:13here check this out Yahoo finance article JP Morgan
- 1:07:16Bitcoin surge could raise concerns at the Fed rate cuts
- 1:07:22might be delayed. So you kind of kind of painting
- 1:07:25a picture for you guys that as Fiat currencies continue to
- 1:07:29degrade and continue to fail, the scapegoat will be Bitcoin
- 1:07:33and bitcoiners, anyone who facilitates that sovereignty,
- 1:07:38the tools, the businesses, they will be targets for government,
- 1:07:43as was predicted in the book, The Sovereign Individual.
- 1:07:47And again, as much as they're telling you, don't worry about
- 1:07:50the CBDC, It's not real. It's not existent.
- 1:07:53There it is. The proof is in the pudding to
- 1:07:55the point that it's already in the political discourse.
- 1:07:57Ladies and gentlemen, right? The leading Republic.
- 1:08:00No, the Republican candidate for 2024, Donald Trump, already put
- 1:08:04it into his political rhetoric that if he were to be elected
- 1:08:08president, he would stop the introduction of a central bank
- 1:08:12digital currency. Right.
- 1:08:13So you can ignore this. You could pull an ostrich, put
- 1:08:17your head in the sand and pretend that it's not Bitcoin or
- 1:08:20slavery. But ladies and gentlemen, as
- 1:08:22more time progresses, it will become more and more and more
- 1:08:26apparent as the Fiat system continues to disintegrate and as
- 1:08:32the clown world accelerates. As we're seeing it like this is
- 1:08:35insane. What is going on not only in the
- 1:08:38US, but around the world, man. So anyways, that's the news real
- 1:08:41quick. I try to make it fast.
- 1:08:42Dom, what's your take? And then Opti.
- 1:08:44And then we'll move on to the memes.
- 1:08:46You know when I see that story and the blame game, but
- 1:08:51especially when you talk about Nico with self custody, I think
- 1:08:54about some of our the ETF stuff is very exciting for us.
- 1:08:58But I've been telling friends that are only in a position to
- 1:09:01allocate to the ETF. I tell them self custody is not
- 1:09:05a luxury, it's a necessity that is best learned sooner than
- 1:09:09later. And I tell them this over and
- 1:09:11over again like it is not a test.
- 1:09:14Learn about self custody. Master it.
- 1:09:17It's not a luxury you don't have you, you don't.
- 1:09:19You may have time, you may not. But why not capitalize on one of
- 1:09:24the best facets of Bitcoin, the ability to hold it yourself
- 1:09:28safely as you mentioned so eloquently, Nico, it's safer
- 1:09:32than Fort Knox folks. It can't be stolen taken,
- 1:09:35etcetera. So tap that magic and don't wait
- 1:09:39and tell people that you know and care about.
- 1:09:42You know, that's great. I'm not saying to go tell them
- 1:09:44the ETF is dangerous. It's a bomb that's going to
- 1:09:47explode now. But again, self custody is not a
- 1:09:50luxury. It is a necessity.
- 1:09:51So a. 100% a hundred. Love it.
- 1:09:54Opti, what's your? Yeah, I mean, look, I am not
- 1:09:57surprised. Well, first let me go to the
- 1:10:00CBDC stuff. You know we played the Jerome
- 1:10:02Powell clip where he I think on oath was like, yeah, this is the
- 1:10:06CBDCS aren't going to happen. You know Senator Lummus has been
- 1:10:12grilling him and they said the same thing like Oh no CBD CS
- 1:10:15going to happen but shouts out to Thomas Hammer.
- 1:10:18I believe his name is for exposing the real thing
- 1:10:21happening. And even when we played that
- 1:10:23clip, like it does I, I'm pretty sure if I if I have a, you know,
- 1:10:27not a goldfish memory here. I said something on the lines of
- 1:10:30like, yeah it sounds good what they're saying they are
- 1:10:34alleviating some concerns and at least this this conversation is
- 1:10:37happening. But I just, you know, my tinfoil
- 1:10:41hat was on and I'm like, I just don't trust what they're saying.
- 1:10:43So I'm glad that we have more receipts on that ground that, Oh
- 1:10:48yeah, look, they're telling you they're not going to do a CBDC
- 1:10:50because they understand that it's not politically viable that
- 1:10:53people are concerned about a CBDC.
- 1:10:55And then on the back end, you know, their key initiatives is,
- 1:10:58Oh yeah, actually we, we need to continue to push a CBDC.
- 1:11:01So you know, I I always say the same thing, just just stay
- 1:11:06paranoid when it comes to central bankers and politicians
- 1:11:09talking either bad about Bitcoin and or talking about CBD, CS
- 1:11:13because we already know where the game is going.
- 1:11:15And then on the Nigeria, JP Morgan stuff like you know, I'm
- 1:11:20never surprised by the lack of accountability that we see from
- 1:11:23governments and central bankers. They will do whatever they can
- 1:11:26to gaslight the population to push blame somewhere else.
- 1:11:30And again, like the Nigeria CBDC example, I think is a shining
- 1:11:34example of what's going to happen to everywhere around the
- 1:11:38world when they try to push ACBDC.
- 1:11:39People are going to, I don't know if it's a subconsciously or
- 1:11:43what, but they will inherently know that they should not fall
- 1:11:49into a CBDC system. And then JP Morgan, you know,
- 1:11:52blaming Bitcoin for what the feds doing, Like you can't even
- 1:11:56make this stuff up. Of course, Jamie Dimon's going
- 1:11:58to come out here and say some more ridiculous stuff.
- 1:12:01I forget what the last thing he was saying a few weeks ago, but
- 1:12:04basically that, you know, the government should ban Bitcoin.
- 1:12:07And then, you know, you find out that, oh, they're the, the
- 1:12:12official what's associate partner for the Black Rock ETF
- 1:12:15and now he's coming out and he's blaming Bitcoin.
- 1:12:18So, like, we knew this was going to happen, but it really is kind
- 1:12:22of setting the tone for what we see, that the powers that be
- 1:12:25aren't going to let up on the money, 'cause they know that the
- 1:12:28money's the problem and they're going to try to shift blame.
- 1:12:30They're going to blame Bitcoiners for all their
- 1:12:32problems. And as number goes up, we're
- 1:12:34going to see this increase even more.
- 1:12:36So just be at the very least mentally prepared for this, but
- 1:12:40also like, make sure your cold storage setup is good.
- 1:12:42Anyways. Dom, jump in.
- 1:12:43I I saw you wanting to chime in. Well, you you mentioned the
- 1:12:47diamond stuff and how ridiculous it is.
- 1:12:49And when I do go to DC for the summit, the message we have is
- 1:12:53so clear and easy. And and it's simply this, the
- 1:12:57firefighters union holds Bitcoin because it believes the threats
- 1:13:01to the Fiat system are overwhelming, very, you know,
- 1:13:06worried about the pension systems.
- 1:13:08And we're holding it because of its long term potential to
- 1:13:12protect the time that we've traded for money.
- 1:13:15There you go. Take that and and like you can
- 1:13:18say it's for only criminals, but I just gave you a use case
- 1:13:21that's not for that And so I'm going to that.
- 1:13:24We're singing that message until the cows come home.
- 1:13:27I don't know how many cows are in DC, in the city maybe in some
- 1:13:31of the outline Virginia areas but but we're going to be
- 1:13:33hitting that hard and it is ridiculous.
- 1:13:36Now when that is being said to Congress by someone like Jamie
- 1:13:40Dimon, it's so absurd it's it's borderline like deceptive and
- 1:13:45and it's and it's it's a lie. I mean it's it's it's an oath
- 1:13:49thing when you say that. So yeah we knew.
- 1:13:53We knew it. We knew. 100 percent, 100% man.
- 1:13:57Anyways, it's Guys don't pay attention to what they say, pay
- 1:14:00attention to what they do. Opti, we gave a shout out to our
- 1:14:04sponsors Kaboom, Racks and of course Brian the men.
- 1:14:06'S book Bitcoin on the Fly On the fly We did on the fly.
- 1:14:09Guys, this is a live show. We we do our best.
- 1:14:11We're doing it live. We.
- 1:14:12Make it seamless most days, but when they cut off Nico's
- 1:14:15Internet 'cause, he starts talking about Fort Knox and CBD.
- 1:14:18We'll get to get the Friday show.
- 1:14:19We can go along. That's the memes a little bit.
- 1:14:22Bumpy. Speaking of memes, let's check
- 1:14:24out the memes. Opti's Friday Meme Review.
- 1:14:33Man, my voice is so sultry. I did such a good job anyways.
- 1:14:41All right, guys, you got another deal.
- 1:14:43Oh oh, this is the meme review where you tag me on Twitter at
- 1:14:50simply Bitcoin TV. Or, you know, you could tag my
- 1:14:53personal one, but don't blow up my notifications, but drop them
- 1:14:55in our Telegram as well. Tag me there as well.
- 1:14:59But preferably, guys, I like the tweet so I can give you guys
- 1:15:02credit on your meme on Twitter. So post it on Twitter, Ern
- 1:15:06Oster, just so I can pull it up here and I can give you guys
- 1:15:09credit. And then we'll bring it on the
- 1:15:10show. You're another deal.
- 1:15:11Memes are important. Tweet to the bullets.
- 1:15:15Meme to the artillery. I, I, I, I did it.
- 1:15:20I did it right. I did it right.
- 1:15:21We are frontline soldiers. Continue to spread the signal.
- 1:15:25Continue to ridicule the corporate press.
- 1:15:28Continue to ridicule the No coiners out there.
- 1:15:31Because they're coming in strong.
- 1:15:32They're coming in very strong this week, and it's only going
- 1:15:35to increase. And of course make some funny So
- 1:15:37your friends and family's head stay in the game.
- 1:15:40Keep dropping meme in your family group chats.
- 1:15:42This is how we win. Just don't even acknowledge
- 1:15:45their questions. Just drop a meme in there and
- 1:15:46then I'll have them all call you idiots.
- 1:15:49This is this is how we win. I think wait wait wait, OCTI.
- 1:15:52I think Dom volunteered to read this meme in a A Walk in Bomber
- 1:16:00Walk in Impersonation. And I'll.
- 1:16:03I'll do this because I saw Walking was in Dune 2.
- 1:16:06No spoiler alerts. But like, he's still in the
- 1:16:08game. So, OK, so this meme walking
- 1:16:11South and comes in, well, I outperform you every single
- 1:16:17year, but I'm not an investor. Come on, Bitcoin.
- 1:16:22Now doing the Trump voice. Not doing the Trump voice.
- 1:16:25No next meme Next. One, OK, Next one OK.
- 1:16:29Oh, even better. Even better.
- 1:16:30There we go. OK, so here let me let me set
- 1:16:32this one up. So where, quote, this is my
- 1:16:35Dylan Mcclary. He's quote tweeting that JP
- 1:16:37Morgan post of soaring prices of Bitcoin could delay the Federal
- 1:16:39Reserve's plan to cut interest rates, not take it down.
- 1:16:43OK, you know, I am a fan of the dollar, OK, the Fed is shooting
- 1:16:48the dollar and and why would Bitcoin do this?
- 1:16:51OK, but I but I am a fan of the dollar.
- 1:16:55OK, I like the dollar. That's what I like, is the
- 1:16:58dollar. But Bitcoin is doing very well.
- 1:17:00It it's it's doing incredibly well.
- 1:17:06Oh man, oh man. OK, OK, next one.
- 1:17:08Do you got another voice? What about the I love the
- 1:17:11comment. Finally they shut up and now
- 1:17:12meme review. That's pull it.
- 1:17:17Up. OK, hold on, let.
- 1:17:18Me. I I can do an Arnold voice.
- 1:17:19Maybe. OK, I could do.
- 1:17:21I could. I could do a pretty good Arnold
- 1:17:22voice. I could do a pretty good Arnold.
- 1:17:23Voice or you might have to do OK, I'll I'll.
- 1:17:25Whoa, whoa, whoa, let's, let's go, Arnold voice all.
- 1:17:27Right. Hold on.
- 1:17:28Let me let me tee this one up. So I did a tweet yesterday.
- 1:17:31I was, I saw this video on Twitter and I I constantly keep
- 1:17:36seeing these videos of like Gen. Zers and and millennials they're
- 1:17:40just struggling right now because of the Fiat system and
- 1:17:43it just like every once in a while I come back to this like
- 1:17:46man, Bitcoin really saved my life.
- 1:17:48And then I quote tweeted it and I said I see so many social
- 1:17:51media posts of people struggling right now and feel blessed.
- 1:17:54I went all in on Bitcoin hashtag blessed and then McConnell face
- 1:17:57dropped this meme. All right, now take it, Dom.
- 1:18:01So if you look at the people they they buy in the custody
- 1:18:05their own Bitcoin and they're very well dressed.
- 1:18:07They have the good, you know, the hair is nice, the hat is
- 1:18:11very good, they have the good shirt and and it's because they
- 1:18:14have the Bitcoin in self custody.
- 1:18:16Come on, you know if you you they can't take it from you.
- 1:18:19Come on. I heard some walking in the
- 1:18:22Arnold bro. All right, all right.
- 1:18:23Now finish it. Now finish it.
- 1:18:25No, Nico has to finish it home. Oh, Nico.
- 1:18:27'S version that bottom part. On the bottom, what we see is.
- 1:18:33On the bottom is what you see is the people.
- 1:18:35They don't buy Bitcoin, they say People who make tick tock video.
- 1:18:38Who the hell makes tick Tock Getting the getting the
- 1:18:41helicopter asking why is this shit so expensive?
- 1:18:44Yeah, I don't know. And they're all strung out and
- 1:18:48they got different colored hair, and they look really bad.
- 1:18:51OK, yeah, exactly. That's literally what they look
- 1:18:54like. All right.
- 1:18:55Any more voices or do I just rip through this?
- 1:18:57I could. I could do a pretty.
- 1:18:58I could. I could do a pretty good
- 1:19:00Southern accent, believe it or not.
- 1:19:02OK, I don't. Yeah.
- 1:19:03All right, shoot it then. Read this one.
- 1:19:05I mean it just says risk. No, no, no, no.
- 1:19:08Dude, it's all right. This one.
- 1:19:10Let me do this. Let me do this.
- 1:19:12Let me take this. All right.
- 1:19:13OK, so. Hold on ladies and gentlemen, So
- 1:19:16basically we had this he's a, he's a Bitcoin pleb and he goes
- 1:19:21by the name Magoo PhD and he's a very well respected member of
- 1:19:27the Bitcoin community. Respected troll, respected
- 1:19:30troll. It's a, it's a lingo that they
- 1:19:32use on the interwebs anyway. So he goes on to say everyone
- 1:19:36wants to be rich, but nobody is willing to take any risks.
- 1:19:40And then what you see is you see a picture, it looks like a some
- 1:19:43type of tattoo these crazy kids these days.
- 1:19:45And it says risk, but it also says rich as well.
- 1:19:48So it's a It's a pretty interesting.
- 1:19:50It's written on dice. You got to risk.
- 1:19:52This I I wouldn't consider this a meme.
- 1:19:54I would consider this more like a piece of art.
- 1:19:57Personally, this is very artistic to me and I really do
- 1:20:00appreciate it. Thank you, Opti.
- 1:20:02Wow, that's cultural go. Back to the risk one.
- 1:20:04Here's the De Niro one of the risk Go back.
- 1:20:06To the This is we got to bring Friday, we got to bring Dawn
- 1:20:10back on the Friday show every, every Friday.
- 1:20:12Man, this is epic. Excuse me?
- 1:20:14You're telling me about about risk.
- 1:20:17I heard things. No, no, no, no.
- 1:20:19You want to be rich, but you don't want to do the risk.
- 1:20:22I heard things. No, no, no, that's OK.
- 1:20:24No, no, no. You're a little out of line
- 1:20:25yourself. I heard things.
- 1:20:28I heard things. You want to be rich?
- 1:20:30Then take the risk. OK?
- 1:20:32That's all I'm saying. You got to risk it for the
- 1:20:34biscuit. You got to risk it for the
- 1:20:36biscuit. OK All right.
- 1:20:38Next one is by world of let me just rip this, let me rip
- 1:20:40through the last couple of. All right.
- 1:20:42So last one is our not last one. Sorry.
- 1:20:44Next one is my world of rusty and he goes win cell coin,
- 1:20:49Michael. And then Michael goes buys more
- 1:20:51and here's a picture of the lady in the yellow blouse or whatever
- 1:20:56it is. And then here's here's Michael
- 1:20:58Saylor just doubling down literally the next day and
- 1:21:01buying more Bitcoin. Win cell coin.
- 1:21:03Michael Michael just buys more coin.
- 1:21:06This next one is by the legendary American huddle, AKA
- 1:21:10one of the goats out there. One of the one of the reasons
- 1:21:13why we all stack so hard in the 2017 actually little Side Story.
- 1:21:17You know, Nico, you know what we're missing right now in the
- 1:21:19cycle. Everyone's yelling at each other
- 1:21:20on Twitter. But remember, like the
- 1:21:22motivational speeches that Huddle would give us during the
- 1:21:2527th or 2018 bear market? He would just get stupidly
- 1:21:30bullish on us and just be like stack, go all the way and give
- 1:21:33it. It was like a locker room hyping
- 1:21:35us up. Anyways, we got huddle here and
- 1:21:37it goes. When people ask me what Bitcoin
- 1:21:39is going to do next week. And I think this is the
- 1:21:41screenshot from the new Dune I'm guessing.
- 1:21:43And it goes, Our plans are measured in centuries guys,
- 1:21:47lower your time preference. And this one, I I brought this
- 1:21:50one on the show, but we got a lot of heat this week and last
- 1:21:53week because we say, you know, it's not left versus right, it's
- 1:21:56not Republican versus Democrat, it is orange versus green.
- 1:22:00And I I put this meme on the red.
- 1:22:01Versus White Opti? Yeah, I I know I'm colorblind,
- 1:22:04but bear with me, bear with me. I've put this one on the show,
- 1:22:08but I think this really sums it up.
- 1:22:11And and this can probably be divided more.
- 1:22:13You know, you could, you could divide this down left and right
- 1:22:15if you want to, but here we go. We got wrong enemy, the rich
- 1:22:19versus the non rich. And you can, you know, write it
- 1:22:21down here. You can do the rich left versus
- 1:22:23the non rich left and the rich right versus the non rich right
- 1:22:26and then the right enemy. It's cut on the side where the
- 1:22:30right enemy is the people who use government to control you,
- 1:22:33whether they're rich or non rich, whether they're the haves
- 1:22:36or the have nots versus the people who allow other people to
- 1:22:39live in peace, which is what we advocate for here on Bitcoin.
- 1:22:43It's the freedom to transact, the freedom of speech.
- 1:22:45All that good stuff was what we talk about all the time.
- 1:22:48It is not left versus right, It is orange versus green.
- 1:22:52Guys Dom, we we got a special request.
- 1:22:56I don't know if you could do it. I definitely can't do it.
- 1:23:00Stallone, even though some people say I look like Stallone,
- 1:23:02'cause I got kind of the droopy eyes, it's hard, you know, if
- 1:23:05there's I'm not, I do not have a good Stallone.
- 1:23:07I don't know, dude. You know, Hey, you know, hey,
- 1:23:11you know this Bitcoin thing, you know, try to buy some of this
- 1:23:15Bitcoin. I don't want to fight it.
- 1:23:16Boy. You know, 'cause they they got
- 1:23:17my eye and you know, self custody.
- 1:23:20You know what? They kiss.
- 1:23:22You got self custody in the seat phrase you know.
- 1:23:27That's pretty good. We have given the people what
- 1:23:31they man. Wow, What a Friday.
- 1:23:34What a Friday. What's your meme score, bro?
- 1:23:36All right guys, my meme review score.
- 1:23:37I don't know if I'd use this, but I don't think I have.
- 1:23:40So you guys could Fact Check me, but it's my Electro voice, my
- 1:23:44microphone case with nothing in it.
- 1:23:46Nothing's in here. So it's just a case.
- 1:23:48I think I've done it with like the microphones in it.
- 1:23:51But yeah, if you Fact Check me, if I need to do another one,
- 1:23:55I'll do another one. Wow, that bad.
- 1:24:00Dom, what would you give those memes?
- 1:24:03What's the rating again? The.
- 1:24:04The. Give it anything, any it's a
- 1:24:06meme color, number, feeling. Actually I got.
- 1:24:11I'm going to, I'm going to rate those memes.
- 1:24:13Seed plate. Oh strong, dude, strong.
- 1:24:18And it cannot be burned by jet fuel like one of your.
- 1:24:20Commentators OK, Chris is telling me another one.
- 1:24:23So I have one. I have a trash can for Nico's
- 1:24:28Arnold Schwarzenegger, actually, for Nico's Southern accent.
- 1:24:32Impersonation. Some people liked it, some
- 1:24:34people didn't. You know, I did my best.
- 1:24:37I did my best. But anyways.
- 1:24:38I thought it was fire. I can no longer, you know, my
- 1:24:41meme score. I can no longer play this video
- 1:24:43after this week because it won't be relevant.
- 1:24:45So I'm gonna do it one more time because they expect well,
- 1:24:48because they wanna. Sell.
- 1:24:49It eventually, Michael. I mean, let's be honest, most of
- 1:24:51the people who are, yes, sure, some people pass it on to their
- 1:24:54children, but like most of the people who are buying assets at
- 1:24:58some point want to sell the assets at a profit.
- 1:25:01So I. Guess.
- 1:25:01Let me say it differently. People that use Fiat currency as
- 1:25:06a store of value, there's a name for them.
- 1:25:08We call them poor. We call them poor.
- 1:25:11Very poor if you use. Hey.
- 1:25:13Someone someone last night at the meet up was like dude, after
- 1:25:16you need to add we call them poor on the soundboard so I'll
- 1:25:20have the we call them. Poor on the Morpheus.
- 1:25:22We gotta add that to the intro, brother.
- 1:25:24We. Gotta we gotta definitely show
- 1:25:26that's. An epic sound bite.
- 1:25:28Epic sound bite by sailor. Right, we got some meme scores
- 1:25:30coming in, so let's get to it if.
- 1:25:32You guys are new to the show, by the way.
- 1:25:35Drop your meme score in the live chat and we will read it on air.
- 1:25:40Yes? Sir, All right, here we go.
- 1:25:44All right, Dom Walken. Jeez, Nika's horrible today.
- 1:25:50It's. This is our boy Chris Alamo, he
- 1:25:52goes. My meme score is Dom.
- 1:25:53No, no, no, hold on. I want the boys impersonations.
- 1:25:56What's The Walking one? Yeah.
- 1:25:58It says, well, you got an inspiring young lad, Chris
- 1:26:01Alamo, he says. My meme score is Dom and Nico.
- 1:26:04They're doing all the voice impersonations.
- 1:26:07Come. On All right, next score, Donald
- 1:26:10Trump all. Right, Elaine.
- 1:26:12Elaine Lowe. OK, score a song, sailor.
- 1:26:15Nailing it. OK, Nailing it on a sea of BTCA
- 1:26:18whaler. OK, but not another holder.
- 1:26:20Just like me. OK, sail on, sail on, sailor.
- 1:26:28All right, all right. De Niro.
- 1:26:30What? De Niro?
- 1:26:31De Niro. The the scores by Optis SP Theme
- 1:26:36Tidy whities for bull markets. Yes.
- 1:26:39You're telling me a score. I heard things.
- 1:26:40A can of Pringles. OK.
- 1:26:42For the next bear market. OK.
- 1:26:44If you know, you know. OK.
- 1:26:46Focker. Focker, do you know.
- 1:26:48If you know, you know. I don't know.
- 1:26:51I don't know. Man, Phil C Sylvester, Stallone,
- 1:26:54Dom. Yeah, you know, I give these
- 1:26:58memes the life of Bitcoin. A poor, you know?
- 1:27:01Hey, you know. You know what I mean?
- 1:27:03All. Right, next score.
- 1:27:07Wait, Optic, can you lower it? All right, Next score by the P
- 1:27:10Man Band. It says I give the memes a
- 1:27:12failing Nigerian CBDC. Next one we got J Dub, the Laker
- 1:27:1821 million Meme score, sailor dunking on Tradfi Normie
- 1:27:21Reporters. Next score we got Mac Harfi says
- 1:27:27meme score. I give the memes Nico and a
- 1:27:29demon overall lying and stacks of corn.
- 1:27:32That's great. I don't want a portrait of that
- 1:27:34Max Trotter meme. Score 42,000,000.
- 1:27:37Very, very nice. And we got Anton lost my my
- 1:27:41score. Never sell my corn to the poor.
- 1:27:45Oh man. All right, these are great, epic
- 1:27:47scores, Vistock says. Meme score.
- 1:27:50Satoshi the chickens cameo on BTC sessions.
- 1:27:53That's right, I pulled them out. Bitcoin did make an all time
- 1:27:56high stock market. Mike the meme score 10 out of
- 1:28:0010. All right, very, very good.
- 1:28:04And we ran. So we do we not.
- 1:28:08I mean right? Now there's more.
- 1:28:10There's more about the song ended in the buzzer.
- 1:28:13For once, we didn't just run out of memes.
- 1:28:15No, we. Never we Never.
- 1:28:16Run out of memes, it's. Always the buzzer.
- 1:28:17What are you talking about? Anyways guys, thank you so much
- 1:28:19for tuning into another episode of Simply Bitcoin Live.
- 1:28:22I'm your host, Nico. This is my legendary Co host
- 1:28:24Optimus Fields, and this is our very special guest at Baywatch.
- 1:28:29You can follow him on Twitter and guys check out proof of
- 1:28:32workforce.org and tune into their spaces tonight.
- 1:28:36At what time, Dom? That's going to be in 10 minutes
- 1:28:39at 11:00 AM Pacific Standard Time, 2:00 PM Eastern with the
- 1:28:43kid, Chris Alemo. Oh.
- 1:28:45With Chris Alemo, our boy Chris. Alemo man, it's going to.
- 1:28:48Be in epic spaces. So guys, definitely tune into
- 1:28:51that. Thank you guys so much for
- 1:28:52tuning into Simply Bitcoin this week.
- 1:28:55Don, appreciate you coming. Always absolutely epic.
- 1:28:58That was one of my favorite meme reviews ever with all the
- 1:29:01accents and all that stuff. Guys, we are simply Bitcoin.
- 1:29:04We appreciate y'all smash the like button.
- 1:29:06Consider subscribing if you feel like we provided you value.
- 1:29:10But the number one thing you could do to help push the
- 1:29:12peaceful Bitcoin revolution is not only share this content.
- 1:29:16Share all Bitcoin content. Share all Bitcoin projects.
- 1:29:19Share Bitcoin culture. Share Bitcoin music.
- 1:29:22Share Bitcoin arts like the great Andrew Breitbart has
- 1:29:25instead. Politics is downstream from
- 1:29:28culture. So you want to win over the.
- 1:29:29You want to win one of the the political game.
- 1:29:31You have to win over the cultural game.
- 1:29:34I'm going to get some sleep. Love you guys.
- 1:29:36Enjoy. Have an amazing weekend And we
- 1:29:39back on Monday for a brand new episode of Simply Bitcoin Live.
- 1:29:42And our boy Ruston and John are going to be dropping a simply
- 1:29:46Bitcoin original later on today. All right guys, enjoy the
- 1:29:51weekend. See you guys all.
- 1:29:52Peace out. We love you.
- 1:29:55So it was brought to you by bitcoinwell.com, a Bitcoin only
- 1:29:58platform on a mission to enable financial independence.
- 1:30:15That Simply Bitcoin show was so good I really appreciated that
- 1:30:20Dom guy and all his accents was very amazing as live.