Latest / Simply Bitcoin / New York State Attacks Bitcoin Mining | EP 456
Transcript
- 0:00I don't believe sufficient ever have a good money against before
- 0:04we take something out of the names of governments, welcome,
- 0:08everyone were simply Bitcoin. We break down the news.
- 0:11The daily fail mean review, software releases Hardware
- 0:14releases and the websites by plebs joining us today.
- 0:19Fellow Bitcoin ER fellow pleb host of SATs radio on Twitter
- 0:24spaces. I'm talking about earning gush.
- 0:27Mm, he's joining us. But right, Now we are diving
- 0:31into the numbers. Let's do it.
- 0:32People brought to you by Bitcoin, 2022 is going to be the
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- 0:44It's April 6 and night. That means it's coming up in
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- 1:03on a panel with the mean Lords. It's going to be absolutely
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- 1:12conference ever Bitcoin 2022. At the time of this recording,
- 1:16the block height is seven hundred twenty eight thousand
- 1:17six hundred ninety six the Bitcoin price 40 2180 chain
- 1:22rewrite day 737 total public lightning capacity that is a new
- 1:28all-time high. 1560 dot, 57, Moscow, time, 2371 blocks that I
- 1:35having 111,000 304. And Samurai Whirlpool, unspent
- 1:42capacity, Samurai Whirlpool is a coiner collaborative spend
- 1:47service the unspent capacity in that pool is 4390 7.33.
- 1:53BTC Nico, the numbers, the numbers bro.
- 1:57Looking good morning a. Yes, Boring.
- 2:00It's boring AF. But hey look, we love it.
- 2:03We love it. The good news.
- 2:04Is that at least it's moving somewhat.
- 2:07Anyways, I wanted to pull this up.
- 2:09I have some too interesting little data points that we could
- 2:12talk about first one is this you know what are the shit coin
- 2:17narratives. And you know Visa I'll tell you
- 2:20know, Legacy Media narratives is that you know Bitcoin is too
- 2:22slow. And honestly, you know, it's
- 2:26designed that way. So it becomes more decentralize
- 2:28it the the The blocks are the size, they are so that it's more
- 2:33people could run more nodes and if more people run more nodes
- 2:37it's more decentralized unlike etherium.
- 2:39That's so resource intensive and because it's still
- 2:42resource-intensive, the majority of nodes are actually run on
- 2:45servers, right? So the scaling Solution on
- 2:49bitcoin is the lightning Network, right?
- 2:50And the lightning Network. Look at that man has a lot more
- 2:54transactions per second capability than the, you know,
- 2:58second shit coin. Just Solana 65,000, which is
- 3:01completely centralized, right? They stopped the blockchain for
- 3:04like a couple days, right? A few times.
- 3:08A few times, right? And then visa, and then PayPal
- 3:10turn it off and restart it. Yeah, there you go.
- 3:12Yeah, exactly. Just decentralize then
- 3:15aetherium. Right.
- 3:16So yeah, man, this really shows the power of the lightning
- 3:18Network and I'm pretty sure that Mal created these is block
- 3:22stream, of course, a shout out to them.
- 3:24So yeah, it's an awesome visualization because I think
- 3:27that if you talk about the numbers, it's one thing NG.
- 3:30But if you actually visualize is another thing and another
- 3:33interesting topic before I get you guys thoughts where the
- 3:36crypto hype is taking over. This is a really interesting
- 3:41data point is, as 2021, and then 20 2019.
- 3:44So the more colored orange is 2021 in the 2019 is the, the
- 3:48lightly colored orange. So an India, huge, huge, huge,
- 3:52right, jump it went from around seven percent to 18 percent and
- 3:57that would make sense, because you kept hearing the Flopping
- 4:00from their government. Like, oh, it was legal.
- 4:02It's legal, South Korea. Also, big jump.
- 4:04And this also makes sense because South Korea was one of
- 4:07the places that we reported one of the exchanges actually
- 4:09already. Banned self custody we did an
- 4:11episode of that in December, right?
- 4:13So it makes sense why their governments are kind of
- 4:15scrambling a little bit and perhaps, maybe that's a
- 4:17foreshadowing to what the US government is going to do or
- 4:20what they're already kind of doing.
- 4:22Brazil stayed the same very interesting Spain jump as well.
- 4:26U.s. right, went from 7 percent to 13.
- 4:29In percent roughly 13. Mexico stayed the same Germany
- 4:34jumped now, this is the most fascinating, Phil, so China, the
- 4:37country, it's a bandit, there's a 10-year ban.
- 4:40If you get caught, I don't know how they're going to catch
- 4:42people, but there's a 10-year ban, the Chinese Supreme Court
- 4:45passed a 10-year ban. If they catch you transacting in
- 4:48crypto, right? So look.
- 4:51This is now. What is it going to be 56 years
- 4:55from now in India? The highest number, it's almost
- 4:5820% of the population. What our governments going to
- 5:00do? What our governments going to
- 5:02do. I don't know that I think this
- 5:04is a think this is a major problem that they thought was
- 5:07going to go away. And now what their usual to
- 5:10love, making things go away, which is arresting, the people
- 5:13are regulating it to death. It isn't working because it's
- 5:16decentralized. Right?
- 5:18So really interesting and then you can combine that with, you
- 5:22know, the lightning Network Trent TPS transactions per
- 5:24second overall extremely bullish.
- 5:27I know it's not the usual glass node.
- 5:29Hope you Mmm, but it's a different type of opium.
- 5:32Phil. Yeah, you know, I think what's
- 5:34really interesting? And I put this out yesterday in
- 5:36a tweet, after hearing about this, some tether development,
- 5:43you know, being able to move on Lightning, not that I care about
- 5:45shit coins. But my point is, is that it's
- 5:48hilarious, that a second layer on bitcoin.
- 5:51Once again, makes a base layer of shit coining obsolete.
- 5:55Yep. So it's just funny, right?
- 5:58Because we're not even doing this stuff on.
- 5:59Base layer and every single time there's a new technology on it
- 6:03whether we like it or not completely irrelevant.
- 6:05The point is is that L look, we're able to do it on bitcoin
- 6:09and we take away the rug pull aspect so you can go and be a
- 6:13shit coiner and you know hold your fake stuff but at least
- 6:16you're doing it in the safest place possible that has true
- 6:19decentralization and immutability.
- 6:22So it's not an, I think it's amusing, beautifully said,
- 6:26anyways, earning Ash grunting Ash, all right.
- 6:30What's up? Just just call me Moses but yeah
- 6:33it's like the thing with the thing with all these shit coins
- 6:36is like I think that any blockchain is unethical if
- 6:41there's no ethical use case for a blockchain besides money.
- 6:45Any format is going to just lead to some dystopian overuse of
- 6:49power like any over balance of power.
- 6:52You a lot of could you a little other could you elaborate as why
- 6:54you think that? I think the same thing?
- 6:56I'm just curious. I just think it comes down to
- 6:59like, if any Group of people have, you know, any sort of
- 7:03party of justice that you serves any other group of people that
- 7:06will always lead to abuse of power.
- 7:10Like it's just, it's a flat-out fact.
- 7:12It's like a, you know, drop things and they go down.
- 7:14So I think that that's just why any form of blockchain that
- 7:17isn't used for money. Bitcoin is just irrelevant
- 7:21because it's always going to have some disc balance of power.
- 7:26Yeah. My I absolutely agree whether
- 7:28it's a smart contract. Years or, you know, all those
- 7:31other shit, boys that you talk about field, where it's like,
- 7:33they're loading their voting. There's like voting in there.
- 7:36There's democracy in it. So yeah, man.
- 7:38It's, I completely agree. You know, I agree with you,
- 7:41100%, but, hey, doesn't mean they're not going to try
- 7:44anyways, right? Yeah, cause I think I think
- 7:49Klaus Schwab really likes Solana.
- 7:51He's a big fan. I will listen to you.
- 7:55Oh, I know what you're gonna say.
- 7:57Feel say it's safe. Okay, well I was gonna say he
- 7:59also. He also likes a theory of any
- 8:01also likes this other weird random shit coin out of nowhere
- 8:04called cell 0. We're not even we're not even
- 8:08being funny like you know like legitimately he has an opinion
- 8:11on this shit dude I'm so glad it's not necessarily to just to
- 8:16be factually, correct, right. He Never himself, come out and
- 8:19say anything. But the world economic Forum has
- 8:23endorsed as endorse those projects and they are part of.
- 8:27They are partners with the world economic Forum.
- 8:29Just. Yeah.
- 8:30The the beach, a one of the chairs of it's so funny.
- 8:33The chairs. Like, it's a company.
- 8:35Could you imagine if Bitcoin had?
- 8:37No, it doesn't have that. But like one of the more, no
- 8:39chairs broken, exact, there's no chair that.
- 8:42It's not a chair that chair side.
- 8:44Chairs in the bench, it's a comfy bench.
- 8:49Anyways not on wheels that looks like a chair it's camouflage.
- 8:53Anyways, so am you gooshie? I'm pop you guys off the graphic
- 8:58is she's on the chair of the of the theorem Foundation.
- 9:01There's three people. She's on a chair and she's a
- 9:04member of the world economic Forum, right?
- 9:06And it was actually fills investigative reporting.
- 9:09That found that she's actually the head of their Global
- 9:12blockchain Alliance. So so it's not just like some
- 9:16random person in the world economic Or I'm like, hey, you
- 9:19know, I'm just - sorry the alliance.
- 9:22Yeah, exactly, right. It's like the, the, the
- 9:25chairperson of the blockchain, you know, Alliance, it's so
- 9:28ridiculous. Anyways, you think she's met
- 9:30with Klaus? Oh, definitely.
- 9:32Yeah, I think supposed to pitch her good friend, like she sat at
- 9:36a table, like Klaus goes like this.
- 9:39What do you think of what do you think of migratory sattaiah?
- 9:45So, which one are you? Bullish on?
- 9:46Is it going to be They penetrated coin or Xenon can oh
- 9:53man oh man. Anyways anyways, anyways Phil is
- 9:58time for the daily fail. Brought to you by Ember app.
- 10:03Check them out. Amber dot app.
- 10:05You've got a stack. We've got a stack.
- 10:08This is a Bitcoin stacking app by actual bitcoiners low fees.
- 10:11Fair, spread smart automation. The link is down below ammo.
- 10:16Smart Way, steps. I apologize.
- 10:19I don't know who tagged Us in this.
- 10:22We actually talked about this. We did either in the news or
- 10:26you. You did a great job and it was
- 10:28during the fail. Yeah.
- 10:29Was during the fail, I was gonna say because I, you know, me like
- 10:31my memory shot. So I have no idea when we talked
- 10:33about this, but I know we talked about it and it's really scary
- 10:35stuff. We talked about it, a like, at
- 10:38least a month ago and here we are again.
- 10:40This is so this is a tick tock video essentially about what we
- 10:44were discussing which is credit card companies.
- 10:47All of a Didn't quote unquote, starting to monitor.
- 10:50Carbon footprint based on expenditure?
- 10:54This is psychotic. Anyways.
- 10:55All right, let's dive into the Tweet here, the insanity
- 10:58continues. Okay, the Tweet is by rise at
- 11:00rise Melbourne, the insanity continues a new credit card
- 11:03company that once you reach a carbon footprint limit, you can
- 11:07no longer purchase items voluntary for now.
- 11:10But how long until it's mandatory?
- 11:13Welcome to 1984? Let's take a look at the tick.
- 11:16Tock video. MasterCard and the United
- 11:19Nations are joining forces to monitor the carbon effect of
- 11:22your credit card purchases. And then you'll hit your carbon
- 11:26Max and it will stop working. Hey, of course, it's voluntary
- 11:30for now, new credit card, a called do Kana me in on the back
- 11:34of the card it's going to say. I am taking responsibility for
- 11:37every transaction. I make to help protect the
- 11:40planet. This is a social credit score
- 11:42and it's a proof-of-concept the economy, CO2 credit card
- 11:46website. Claims it is the largest
- 11:47Initiative ever taken by a bank in educating its users on the
- 11:53impact of consumption. They say themselves, they want
- 11:56to set a global standard for carbon calculations.
- 11:59That's the key. Once they have their numbers in
- 12:02place, then they can give every single purchase.
- 12:04You make a score and punish you directly.
- 12:07This is what China does. Of course, this will only be
- 12:10enforced on you and me and any businesses that don't go along
- 12:13with their scheme and banks are going to enforce it man.
- 12:17Okay, before we move on to the next one, he's that even a
- 12:20conspiracy theorist, dude. Glenn's that, and we covered
- 12:22that I sent you that video. Glenn Beck did an amazing job.
- 12:25Thank you, talking about the ESG, right?
- 12:29The ESG, the ESG is the social credit system and sense for
- 12:32environmentally social governance, right?
- 12:35And essentially what they want to do is they want to give a
- 12:38carbon score to anything public companies has recently announced
- 12:43by the by an Administration, right?
- 12:45And that will essentially regulate how you spend For
- 12:47example, you want to drive down to the store?
- 12:52There's that those costs you carbon points, right?
- 12:54You want to buy a certain good? Those coffee cart employed, but
- 12:57here's the thing. And this is what I want you guys
- 12:59to kind of conceptualize because I'm going to talk about this
- 13:01during the news. If you control how someone uses
- 13:04energy, you control people. It's like if you control food,
- 13:08you could show people. If you control money, you could
- 13:10show people. I don't think that these people
- 13:14that virtue signal virtue signal drive and, you know, flying
- 13:16their private jets all over the world, right?
- 13:19Have the planets best interest at heart.
- 13:22I don't think so. I don't think that and to be
- 13:24clear right like dude I live, I live on, you know, I live in
- 13:27Miami the beach, right? There's, it's totally polluted,
- 13:31I just don't believe that giving bureaucrats unelected
- 13:34bureaucrats more power, is a solution to pollution and, you
- 13:39know, the planet being effed up, right?
- 13:41So, it's very scary, it's very totalitarian.
- 13:44And again, this is what I've always said.
- 13:45During the show, you're going to have a choice in the future
- 13:48Central Bank, digital currencies, which are going to
- 13:51allow this. Right.
- 13:52It's like oh hey Phil. We see that you've been
- 13:55consuming too much bacon and pigs fart.
- 13:58So - 200 you can't buy plane tickets or you have Bitcoin
- 14:04where you don't have to ask anybody prefer permission to
- 14:06transact, right? So it's a very very scary stuff
- 14:09and you guys need to take this seriously because this is coming
- 14:12whether you like it or not. Anyways, Phil when we first
- 14:14covered this, we did not have this information about those
- 14:19little pieces about the that MasterCard had added about the
- 14:24driving and the emissions and stuff like that.
- 14:26And every time you fill up on gas, right?
- 14:27Because that's the one of the first places that they're going
- 14:29to attack, right? That's the first.
- 14:32That's one of the first places. So this is interesting.
- 14:35It's developing right when we first covered this and we first
- 14:38saw that, it was like a total concept.
- 14:41Hey, let's throw this idea out there.
- 14:42Now, they're starting to add the details, right?
- 14:45And as we all know the saying, goes, the devil is in the
- 14:49details. And here we go, this is where
- 14:51all these little Checks and balances come in learning gush
- 14:54of you have anything before we move on in the next fail?
- 14:57Well, I mean, this is, this is, this is totally expected.
- 15:01The, the solution for all crisis, is more obedience and
- 15:04the carbon crisis is the greatest crisis of the mall
- 15:08because they've essentially demonized everything, you know,
- 15:12you breathe too much, you know, carbon-carbon crisis everything
- 15:15is carbon crisis. And I think that, Yeah.
- 15:19It's like they have, they have the money in the bag, from their
- 15:23perspective. They're just wanted, they're
- 15:24going to turn nature into their own stock market.
- 15:26That's their objective. I think, with all of this
- 15:28narrative, right? I think just like the best thing
- 15:32we can do is just focus on securing our own energy sources
- 15:36and our own food sources and our own Sovereign money.
- 15:39Which, you know what that is? Yep, absolutely filled with the
- 15:42next film. All right, let's dive into it.
- 15:44This fails just going to lead us right into the final part of the
- 15:48The fail. So this is a tweet by conquered
- 15:53the nameks, interesting word. Anyways, Andreessen Horowitz is
- 15:57the New Black Rock. But instead of being the chief
- 16:00muncher on assets with a sliver of a linked to economic
- 16:04productivity, that's the signal right there, it's establishing a
- 16:08monopoly on the issuance of illegal Securities, right, and
- 16:12that's what we always talked about here with these shit
- 16:15coins. Okay, there is absolutely Lee.
- 16:18No, work going into this. These things are minted out of
- 16:21nothing. The energy is going into the
- 16:24marketing and the administration services.
- 16:27This is, this is no different than shell companies, that that
- 16:31don't actually produce any value.
- 16:33And for the people who don't know, Andreessen Horowitz is
- 16:35also a 16z and people can go take a look at all the shit coin
- 16:40projects that they've that they've funded since the
- 16:44beginning. Anyways, moving on, moving on,
- 16:47from this eye. I wanted to point this out, the
- 16:49reason why I pointed this out really was because more accounts
- 16:53are waking up to this, right? More and more people are
- 16:56starting to notice that the shit coiners are very concentrated.
- 17:00And these are efforts that are being done by very few VCS and
- 17:06what they're doing is that they're pushing resources to
- 17:09very specific places. And you'll notice specifically,
- 17:12they are not pushing resources to bitcoin, they're pushing
- 17:16resources to the shit coins because They can control those.
- 17:20Yeah that's why. Anyways absolutely this was
- 17:23shared by hands hands films in our in our Twitter he always he
- 17:27always gives us a lot of these shit coin fails.
- 17:30Let's dive into it. Terrarium which I always thought
- 17:33was a little glass or plastic box with vegetation in it.
- 17:39Apparently it's also a shit coin.
- 17:41Anyways terrarium, crypto proves defy scamming isn't dead with a
- 17:46parent fake by Nancy. Male, this is really nasty.
- 17:50Okay. Terrarium is a crypto exchange
- 17:54play. The token, whose price is only a
- 17:56fraction of a cent became a Haven for gains as it quickly
- 18:00climbed the ladder in terms of market capitalization.
- 18:03Again, something that doesn't need to exist.
- 18:04That just all of a sudden starts to pump much of the success
- 18:07comes from an increasing presence.
- 18:09On Twitter, Tara holders have been using Twitter, these users
- 18:12take opportunities to pump the token on the platform by
- 18:15promoting it. And of course guys, we see this
- 18:18all the The time will go and post a, you know, we'll go and
- 18:20post an episode for simply Bitcoin and within two or three
- 18:24comments, we have some shit koiner posting some crap about
- 18:27some day. Oh, that's coming out or
- 18:29whatever. Anyways, things seem to be
- 18:31coming to an immediate halt as evidence, that Tara holders got
- 18:35scammed begins to pile up earlier today, terrarium.
- 18:39Developers shared a screenshot of an email exchange with what
- 18:42looks to be the by Nance B&B USD us team.
- 18:46The email shows the finance team.
- 18:48A token listed on its platform. This brought an immediate 37
- 18:53percent, gain to the Token. This is how this works that this
- 18:56is just a pump and dump things took a turn though.
- 18:59When Mass when masses of tokens were immediately sold following
- 19:02the pump, there we go, one user shortly.
- 19:05After the ongoing price plummet, brought the screenshot to the
- 19:09attention of several, by Nance accounts.
- 19:11The user asked these accounts to verify the legitimacy of the
- 19:14email address, unfortunately for the investors One account can
- 19:18Confirm that the email is not authentic.
- 19:20These people got fished speculation that developers and
- 19:23other insiders are behind the apparent.
- 19:25Fake email exchange coordinating a pump and dump scam.
- 19:28Oh my God. No way.
- 19:28We've never shown that before. If that is true, one user brings
- 19:32forth evidence of large sell-offs by presale wallets to
- 19:36supplement the allegations in response to the terrarium team.
- 19:39Encouraged investors to hold the line.
- 19:42I can't tell you how many shit coin projects how many should
- 19:45coin devs as their stuff is completely.
- 19:48Dying In Flames. Tell you to hold those bags.
- 19:53Yep, hold those bags, guys. Anyways, the project is now
- 19:57between a rock and a hard place who would have thought the
- 19:59developers received this email in, believed it to be legitimate
- 20:02then they were really scammed out of 180,000 tether that the
- 20:06allegedly fake by Nancy mail says it received from terrarium
- 20:10if the email was somehow legitimate than the developers
- 20:13fumbled, a listing with the largest Exchange in the world.
- 20:17And if terrarium is behind The emails faking the listing to
- 20:21conduct a pump and dump scam. Then they have been caught.
- 20:25Yes. Yes, they have now.
- 20:27Look. Let's be honest, there's no use
- 20:30for this token to exist. I mean, another exchange token.
- 20:36Do they even have an exchange? Literally, it's a token that
- 20:39plans to provide exchange services and and the token pumps
- 20:43because it was chilled. I mean, this is also.
- 20:46Oh yeah. You also trade cryptocurrencies.
- 20:48Do I know your trades going to be followed by.
- 20:56Hello. Yeah, that's it.
- 20:58Was the other one. No.
- 21:00How's your trade going? Yeah.
- 21:01How was your trade going going? Yeah man.
- 21:05Hey, Give it give it, give them credit, where credit is due this
- 21:08shit corners and their names, bro.
- 21:10Today we have our area. Mmm.
- 21:12Anyways. Yeah it's awful clusterfuck.
- 21:15Anyways, Moses. You have any thoughts before we
- 21:18move on to the next segment? No, that's about it.
- 21:22Yeah, there's a it summarizes itself.
- 21:24This is true, but anyways, feel it's time for the daily meme
- 21:28review, brought to you, by Citadel 21.
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- 21:50Alright, everybody, first meme is brought to, it's a response.
- 21:53Oh, Jesus. Okay, let's read this.
- 21:57This is. Come on, dude.
- 21:58I'm gonna have to beat that out. Okay, you guys read this, if
- 22:01you're watching this on the podcast it says two words as
- 22:05Bitcoin. Is to fiat currency.
- 22:07Mutual, consent matters. I think when you guys here
- 22:09Mutual consent, you'll understand.
- 22:11If you're watching the video version, you know, talking about
- 22:13Sir, Robert Breedlove, tweet, terrible, take then you could
- 22:19Chad's like so yeah. So what the actual F?
- 22:22And this is the mean we're reviewing and I need to make
- 22:26more ape analogies, no one and it's a cat reading a newspaper.
- 22:30This is Oh, man. Okay, weird view them even the
- 22:35tough ones. Is it?
- 22:36It's I just, I don't know what, I don't know what that person
- 22:39was thinking. Yeah, I know, Robert has some
- 22:43good takes. But anyways, yes, about takes to
- 22:46but that was one of the bad ones.
- 22:47Okay? Anybody because I seen y'all
- 22:49other responses, but I didn't actually see the original post
- 22:52until now that's worse than I thought.
- 22:54It's so bad, dude, it's so bad anyways.
- 22:57Okay, we know we love you Peter Schiff.
- 23:01I'm like doubled thinking. I was like, that's a really know
- 23:03me to the first time I read, I'm like what?
- 23:05Anyways, this is the Dead Sea, the saltiest place on Earth, s
- 23:09own attempt heater, ship rally actually has fire memes.
- 23:14Shout out to you. You guys have some fire memes.
- 23:16Thanks for tagging us. All right, moving on to the next
- 23:19one so you gotta tag them in the promo tweet tomorrow.
- 23:21Yeah I will I will they don't lie tied to that one day they go
- 23:24out of the way. Okay anyways here's Karl
- 23:27menninger well it's very nice digital Salman my parents at 30.
- 23:31I love these For the occasion of our first child being bored.
- 23:34We bought we bought this house. That's big enough for many
- 23:38family members including potential future kids that will
- 23:40surely grow up to be happy and successful me at 30, not nice.
- 23:44Now, I own a digital salad. Hilarious.
- 23:49Okay. Next one.
- 23:50Read it. When your friends are showing
- 23:52off their crypto portfolio, nobody has Bitcoin.
- 23:55That's hilarious. I love the Reddit memes.
- 23:56Phil keep bringing these reasons why.
- 23:58It's almost cute, right? I picked this one because when I
- 24:01saw this, I like two in the morning.
- 24:03I literally fell out of my bed laughing because it's fucking,
- 24:05it was hilarious. Okay.
- 24:07Shit. Coin marketing and one picture.
- 24:10It's so good. Like what is this?
- 24:13Oh man. Whatever.
- 24:14Okay anyways, okay, so you scared haha.
- 24:17That is good. Okay, it was.
- 24:19Next one is brought by self bank, I see seed oils and price
- 24:23fuckery, that's kind of insiders, but absolutely
- 24:26hilarious feel for those awesome dank dank memes.
- 24:30I'm going to give it. You're gonna be proud of me for
- 24:32this one bro, some solder. Wow.
- 24:37Yeah yeah, you see that? I'm becoming Phil Ha ha ha.
- 24:41Okay. Well, hold on because Phil's
- 24:43Phil's Unbecoming himself here. I've got hold on I've got Got
- 24:47almost nothing. Give me a quick second.
- 24:50All right, all right. Here we go.
- 24:52I'm ready. All right, those were awesome
- 24:54memes. And for those awesome memes.
- 24:55I'm giving it this ripping dipstick.
- 24:59Er, Rip and dip. I keep every sticker.
- 25:02I don't know why he doesn't use them but I don't use them.
- 25:05I keep the mint and mint. Anyways, most I don't have
- 25:07mental problems. If you give those memes, you
- 25:11know, like when it's springtime and the Sun comes out,
- 25:16everything gets warm and snow. Starts to melt.
- 25:18I live in Miami. We don't have seasons.
- 25:21It's hot and less hot. Well, up here, we have like
- 25:24spraying it comes around and everything gets hot, all the
- 25:26snow starts to melt. You go outside your T-shirt,
- 25:29everything's really exciting. And you go to sleep, and you
- 25:31wake up the next day, and there's two feet of snow, and
- 25:34it's negative 20. That's what that's what I give
- 25:36it. You have to come up with a
- 25:38snowstorm meme for him or a snowstorm picture surprise.
- 25:41Yeah, surprise spring snowstorm. That's what now this.
- 25:43Whoa, whoa, okay, surprise spring.
- 25:45Snowstorm, I like that. I'm gonna look that.
- 25:47Up. Anyways, guys, we want to know
- 25:49if you agree with our scores, you disagree, let us know down
- 25:53in the comment section, comment. Comment, comment, comment.
- 25:56And of course, make sure to subscribe to us an alternative
- 25:59video platforms like Rumble.com and a personal favorite Bitcoin
- 26:02tv.com. They don't censor their because
- 26:03Bitcoin TV and of course, join our telegram group and link us
- 26:07some dank dank dank Bitcoin memes to review because the
- 26:10Bitcoin mean review. And we need memes to review
- 26:12because the Bitcoin me review. But anyways, Phil it's time for
- 26:15the Daily News brought to you by Krypto Oh cloaks.com.
- 26:18They make the best 3D printed Bitcoin merch.
- 26:20Like the famous 3D printed art sculpture.
- 26:23Grenade opens up. You put your favorite Hardware
- 26:25wallet in there and you could also get this in any custom
- 26:28color, your heart desires. If you want to make the be
- 26:31orange, you could do that. This just happens to be in El
- 26:33Salvador colors, and, of course, you can take advantage of the
- 26:36link down below for 5% off anything on the crypto
- 26:38cloaks.com store. So let's cover this before we
- 26:42get to the more climate Fudd, its and it's getting serious, by
- 26:46the way. It's not just Yeah, the
- 26:48propaganda media releasing articles.
- 26:50Now, it looks like Regulators or politicians or stepping in
- 26:53things are heating up, right? And connect this with what what
- 26:57we were covering earlier on the show, right?
- 27:00They're using, we believe this, right?
- 27:03I don't think I don't see how this comes from good intention,
- 27:06the whole climate stuff. I think it comes from a place of
- 27:09trying to control people, but anyways this is Rob beat and
- 27:12robbed W and essentially what he's talking about is we covered
- 27:15the HubSpot, right? You know, the leaks.
- 27:17The, the data leaks, from a third party in relation to
- 27:20Unchained and relations to block find relation to Swan and a
- 27:23bunch of other companies. This is some advice on how you
- 27:26could protect yourself or what, exactly really happened, right?
- 27:29So first, she says, as a super user of HubSpot, for over seven
- 27:33years, here's a brief thread on the recent data breach.
- 27:36And what you could do to protect from the incoming, spam and
- 27:38phishing, you will be subject to.
- 27:40I have a call with their security team later this week to
- 27:42get technicals and next steps. But here is what is known.
- 27:46Now, HubSpot has a All of access called super admin on both the
- 27:49internal and external side. Someone internal to HubSpot with
- 27:53super admin access had their account compromise.
- 27:56I'm guessing spearfishing or a shitty password.
- 27:59Super admin access internally allow someone to hop between
- 28:02Company accounts and Export contact list.
- 28:05The unauthorized user started exporting contacts list of
- 28:07Bitcoin and crypto companies. This is why we see 30 companies
- 28:11with compromised data sheets what this means true.
- 28:14This isn't financial data, but is extremely powerful CR.
- 28:17I am software. This means that unauthorized
- 28:20users may not only have your general contact information, but
- 28:23also this next part is not so good.
- 28:25Your IP address, your email history with reps at the
- 28:28associated companies, your browsing behavior on Associated
- 28:31company, website, mailing, and or shipping address.
- 28:36That is bad. Anyways, how the company?
- 28:40How the company characterized you big whale whale midsize
- 28:43contact, small user. You're fine man to your
- 28:46financial value. To that company, any and all
- 28:48deals. You have done with that company
- 28:50and Associated values. Negotiates contracts, that is
- 28:54absolutely crazy CRM. Mitigation, mitigation software
- 28:57is also very good nowadays unauthorized user can easily
- 29:00take the downloaded data base and poured it into a different
- 29:03CRM and start targeting customers.
- 29:05What could you do about this be hyper aware for social
- 29:08engineering attack, spearfishing, Etc, be, 100%
- 29:11certain, you're engaging with a real company whip.
- 29:13These unauthorized users potentially have enough
- 29:15information to reference your actual browsing behaviors and
- 29:19prior company conversations of deals.
- 29:21Just because someone refers to your prior conversations does
- 29:23not mean they are the real thing.
- 29:25Take the time to enhance your personal security stack, get a
- 29:28password manager and only use strong passwords, stay safe out
- 29:33there bitcoiners, so I don't know.
- 29:35How much of the mailing history is true?
- 29:38But it's always good to stay on the side of caution, right?
- 29:42Anyways, what do you guys think? I'm just feeling terrible the
- 29:51whole time. You're reading through that I'm
- 29:53like thinking to myself I'm like okay which of the companies that
- 29:56were compromised have my information and then you know
- 29:59you start that you start to think back and then I just
- 30:02became happy. Like I said, while you were
- 30:03reading that I'm happy, that I'm moving.
- 30:05So at least I least I get a fresh start but not everybody
- 30:09can move every time the data gets compromised, you know.
- 30:11So it's not that easy to look, this is really scary stuff but
- 30:15at the same time, I'm gonna The other side of this and I'm going
- 30:18to say this is going to prompt new Solutions, it's going to
- 30:24prompt better Solutions. We hope and yeah, you know, I
- 30:28never really realized the, you know, the strength of a password
- 30:32manager until I really started using one, and not only that,
- 30:35but having a password generator, your own password generator, I
- 30:40can't, I can't sing those Praises enough Warden, they're
- 30:44not a sponsor, but I'm just saying I use bit warden in Iraq.
- 30:47I do die. I can't, I can't, you know,
- 30:49function without a password manager and they're so easy to
- 30:51use like it. Like, at this point, like
- 30:53they've become so easy to use that.
- 30:54It's like you don't have an excuse, really.
- 30:56But anyways, Moses. What are your thoughts on this?
- 30:59It is a terrible leak. Yeah.
- 31:01Yeah. In regards to bit weird and it
- 31:03works pretty good. You can set of hosts and
- 31:04everything to it's the exact Solution.
- 31:06That's what I do. By the way, it's yeah it's nice
- 31:09for like you just want to think about it so much.
- 31:11All right. Keep track of all those
- 31:12passwords and stuff but yeah I think people have taken the the
- 31:16last decade for For just ease of access, you know, offer got my
- 31:20Facebook, password, reset it and just everything.
- 31:22You know what I mean. People not really taking it
- 31:24seriously and now the data has become so valuable and such a
- 31:30like a real threat to someone. If your dad is leaked, you know,
- 31:33they're just not realizing the scope of things.
- 31:35It's money dude, it's money right before it was like, oh
- 31:39Facebook, you know, like the stakes weren't that high.
- 31:41But anyways moving on. Look, I told you I mean, we've
- 31:46been telling you not only to Today right?
- 31:48That they're going to use the climate.
- 31:50They have been using the climate to attack Bitcoin.
- 31:53This was a New York Times Tech tweet.
- 31:56Absolutely hilarious. Shout out to Cory because he
- 31:59reported the Tweet. So funny.
- 32:02He says a single Bitcoin transaction that requires more
- 32:04than 2,000 kilowatt hours of electricity or enough energy to
- 32:07power. The average American household
- 32:09for 73 days. Reach this looks like a troll
- 32:12tweet like a Bitcoin or would have posted.
- 32:14This was a troll. This has been debunked so many
- 32:17times. We're going We're going to
- 32:18debunk it in a bit. Right before we do.
- 32:20I'm going to move it right here. I'm going to read it one more
- 32:22time before I want to actually look at the article, so the
- 32:24article isn't as bad, it's better ridden.
- 32:27It actually explains all sides, but still, they're trying to
- 32:32shaft shape a narrative without a doubt, and that narrative is
- 32:37actually starting to have some effects because what you're
- 32:40seeing already, right? This is you saw this in Europe
- 32:44already, you saw this in Europe, they're trying to ban proof of
- 32:47work. This is an actual attack on
- 32:49bitcoin. This is the New York State
- 32:51Assembly. Is considering a vote a bill
- 32:54that would create amendment of member torij.
- 32:56Mm on proof-of-work, mining operations, unless a hundred
- 32:59percent of their energy comes from renewable energy sources.
- 33:02That is it possible? They know that if this bill
- 33:06becomes law, New York will be forfeiting, the unique
- 33:09opportunities, Bitcoin mining provides for economic expansion
- 33:12and the proliferation of renewable energy, But before I
- 33:19read this Times article, check this out, fill because at one of
- 33:22the comments from the time article really is, it's such a
- 33:25pure rebuttal to that that I'm just going to read it.
- 33:28It's by Ray from Ohio. And he says, one thing that
- 33:30baffles me about, all these articles I have read about
- 33:33crypto is that no Journal is bothered to do the research and
- 33:36do an actual compare herbs for comparison of crypto energy, use
- 33:39to the energy use of traditional Banks.
- 33:42This is what I want to know. Instead, they compare crypto to
- 33:45other. Random things and that is and
- 33:48raise absolutely right there doing that on purpose and
- 33:50they're doing it to create a narrative, right?
- 33:53Anyways let's let's check out the The Narrative that they're
- 33:55trying to craft in this article but to be more specific and to
- 33:59be fair. It's much better written than
- 34:02the other proper propaganda pieces.
- 34:04We've covered in the past because it does a very it does a
- 34:08pretty decent job at explaining what this is, how it works.
- 34:12Etc. Etc.
- 34:13But they do pull in some punches here and there anyways.
- 34:16He's facing criticism from politicians environmentalist.
- 34:18The cryptocurrency mining industry has embarked on a
- 34:20rebranding effort to challenge, the prevailing view that it's
- 34:23electricity guzzling, computers are harmful to the climate all
- 34:26five of the largest publicly traded.
- 34:28Crypto. Companies, say they are building
- 34:30or already operating plants, powered by renewable energy and
- 34:33Industry. Executives have started arguing
- 34:36that the demand from crypto miners will create opportunities
- 34:38for wind and solar companies to open facilities of their own.
- 34:41That's correct, right? So this is what I said, the
- 34:42Articles a little bit more fair than what we've seen in the
- 34:45past, the effort. Partly a public relations
- 34:47exercise partly a genuine attempt to make the industry.
- 34:50More sustainable has intensified since last spring, when China
- 34:53began a Crackdown on crypto mining forcing, some mining
- 34:56operations to relocate to the United States, a trade group
- 35:00called the Bitcoin mining console also formed last year,
- 35:03partly to tackle climate issues after Elon Musk criticized, the
- 35:06industry for using fossil fuels, and recent months, Texas has
- 35:09become a hot spot for crypto. Mining attracting more than two
- 35:12dozen companies, the state has an unusual into incentive
- 35:15structure. That's well suited to the
- 35:17nascent industry. The Texas grid operators offers
- 35:20what amounts to a discount to companies that can quickly.
- 35:22Unplug when electricity demand spikes Statewide allowing energy
- 35:26to flow. So ordinary homeowners many
- 35:28crypto Minds could turn off on or off in seconds.
- 35:31Allowing them to take advantage of the incentive with minimal
- 35:34convenience so inconvenient. So this isn't a theory anymore,
- 35:38this was proven and one of Texas latest storms and that's exactly
- 35:41what they did. Anyways that deal was part of
- 35:44the attraction for are going. Didn't base company founded in
- 35:472017 that runs two other minor mines in Quebec using mostly
- 35:51hydropower. Mr. Woll said Argo was also
- 35:53drawn to the ample green energy in West Texas.
- 35:55The facility outside low Brooke will be connected to the Western
- 35:58sector of the Texas energy grid, where about 85 percent of
- 36:01electricity comes from wind and solar infrastructure.
- 36:04I don't know what could be more green than that?
- 36:07I don't understand. Right.
- 36:09And then this makes me come to the conclusion that they're not
- 36:12really in it for green, they're more in it for the control and
- 36:16And again, like and this is so the beginning of the article,
- 36:19it's interesting because they don't really attack it, but at
- 36:21the end you start to see how they're trying to craft your
- 36:24perspective, your narrative, The Narrative that they're trying to
- 36:26craft. But anyway, says but Mr. Wall
- 36:28can't guarantee that our goes new center, will have no carbon
- 36:32footprint and this goes back to race.
- 36:34Comment. Do we force Banks to tell us if
- 36:39their energy that they're consuming is green or not?
- 36:42It's a double standard. It's a double standard.
- 36:44Anyways, a lot of these Energy producers are still a little
- 36:47bit, skeptical of cryptocurrency.
- 36:49He said the crypto miners don't have the credit profiles to sign
- 36:5210 or 15 years eels. You see how they're ramping up?
- 36:54The attacks is slowly but surely the broader cryptocurrency
- 36:57Community is divided over. Whether cleaning up the mining
- 37:00sector is the best path to environmental sustainability.
- 37:03The energy-intensive authentication system that
- 37:05underlies Bitcoin is known as proof of work.
- 37:07Some in the industry are pushing to build new cryptocurrencies,
- 37:10on a different system, called proof of stake, which uses as
- 37:14little. And again, as As little as zero
- 37:17point zero, one percent of the energy consumption in the mining
- 37:20process, see where I'm going with this.
- 37:22And, like, it's like, it's like it's starts, you know, it mess,
- 37:25massage you, it's okay. And then it's like, oh, but
- 37:28there's a better system, right? So, again, the narrative is
- 37:33right, that consuming energy is bad.
- 37:35It's always terrible, but the actual Banks right are not
- 37:40expected to follow that themselves, right?
- 37:42It's only Bitcoin. Bitcoin is held.
- 37:46A higher standard. It's ridiculous.
- 37:48Anyways, this is Peter Joseph, right?
- 37:50He's criticizing you know Bitcoin.
- 37:52He says, even if all Bitcoin mining was based off of
- 37:55renewable energy, which it never will be, it's still an
- 37:57outrageous waste of resources for what is ultimately an
- 38:01idiotic goal markets are the true cancer.
- 38:04Money is just the way it metastasizes.
- 38:06So I'm going to read this last part.
- 38:09That says it's still an outrageous waste of resources
- 38:12for what is ultimately an idiotic goal.
- 38:15And then I'm going to scroll to this article that says oh sorry
- 38:18about that. I'm going to scroll to this one
- 38:19that says Ukrainian Refugee flees to Poland with two
- 38:22thousand dollars in Bitcoin on a USB drive, nearly a quarter of
- 38:27Ukraine's population has been forced from their homes in the
- 38:29last four years. Many the last four weeks many
- 38:32have turned to cryptocurrency to safeguard their cash.
- 38:34Bring their money with them except remittances and donations
- 38:37and to transact with each other for Necessities a Ukrainian
- 38:40Refugee. Took a USB stick with him across
- 38:43the border. Containing 40 percent of his
- 38:45life savings or about two thousand dollars in Bitcoin.
- 38:48I'm going to go back to this tweet that says it's still an
- 38:51outrageous waste of resources for what is ultimately an
- 38:53idiotic goal. So Peter that is what you're
- 38:56against. Yeah.
- 38:57Bombs and fighter planes are really good for the environment.
- 39:01Actually it again like it's like picking and choosing.
- 39:05What is good? What is it bad?
- 39:07And again this leads me to To believe that this is nefarious.
- 39:11They're really not about, it's not about the environment.
- 39:14I really believe this is about control and the environment is a
- 39:17tool to control anyways and again to specify dude I live in
- 39:24Miami you know there's beach the beach the beach.
- 39:26The beach is filthy like I want to clean your planet, I care
- 39:30about the environment. I just don't believe giving
- 39:32bureaucrat unelected bureaucrats more power, is the solution.
- 39:35Anyways, this is a an article by coin basis.
- 39:39The Straining maddening and all-consuming Bitcoin energy
- 39:42debate and this is Nick Carter. And he debunks, literally that
- 39:45tweet that I read you earlier, that Corey was so kind to, to
- 39:51talk about a single Bitcoin transaction now.
- 39:53Requires more than 2,000 kilowatt hours of electricity or
- 39:55enough energy to power. The average American household
- 39:57for 73 days. So Nick debunks at and he says
- 40:01sometimes however an argument comes along that is so clearly
- 40:04built on mistaken assumptions that it's worth strength from
- 40:06the normative debate and back into the world of facts and deed
- 40:08arguments of this. Form have been have become
- 40:10disturbingly, common Bitcoin consumes a lot of energy,
- 40:13Bitcoin, settles 300,000 transactions per day.
- 40:15If you combine 1 and 2, you can drive an eye-popping energy cost
- 40:19per transaction. If you literally extrapolate
- 40:22that analysis such that Bitcoin satisfies the world transactions
- 40:25Bitcoin will use more energy than exist on Earth.
- 40:28This line of reasoning might sound persuasive to the
- 40:30uninitiated but it is in fact, completely flawed and an
- 40:34impressive number of ways yet. We see it all the time and this
- 40:37article is written 20, 21, and that new Times three was
- 40:40yesterday or the day before so they're still using it.
- 40:43Anyways today's Bitcoin miners earn about 50 million dollars a
- 40:46day which analyzes this to around 18 point two billion
- 40:49dollars in minor Revenue. Fully 85% of that running a
- 40:52derives not from per transaction fees but from the issuance of
- 40:56new Bitcoins this issuance process is finite.
- 40:58In fact it's eighty eight point seven percent done the rate of
- 41:02new coins issuance halves every four years as approaches that 21
- 41:05million limit. So the issuance component of
- 41:08minor new is structurally decaying over time.
- 41:11Unless you believe that the price of Bitcoin is going to
- 41:14literally double in real terms every four years until 2140 that
- 41:19expenditure is going to decline. But why burn electricity to
- 41:23issue coins, put yourself in Satoshi shoes.
- 41:26You have to you've just invented a new monetary system which you
- 41:29believe can become a global monetary standard of
- 41:32consequence. How do you distribute coins?
- 41:34You could email them to your friends but that would create a
- 41:36tiny group of privileged Elites and compromise.
- 41:38The credibility of the System. You could simply claim the coins
- 41:41yourself, but most likely. No one will adopt a monetary
- 41:44system where a single individual controls, a vast majority of the
- 41:46wealth Satoshi solution was to distribute the coins, but
- 41:49creating a game in which minor surrender, something valuable
- 41:52energy and exchange for the right to claim them.
- 41:55Because mining is a radically free market mining.
- 41:57Minor margins are usually slim. This means that even though
- 42:00there are literally creating new units of money that status
- 42:03doesn't give them a huge Advantage.
- 42:05Miners have to sell their coins on an ongoing basis to cover
- 42:08their costs. They are just an interference
- 42:10interference to the protocol itself.
- 42:11There's a reason Venture funds like mine, like, mine typically,
- 42:15don't invest in miners. It's a tough thin margin
- 42:18business and involves lots of capital expenditure so, it's
- 42:21ridiculous. Again, I'm worried because the
- 42:25climate attacks are going to keep on escalating.
- 42:28We dodged literally by a fingernail, the ban from Europe,
- 42:33and it was only because it was discovered, right?
- 42:36And then, you know, people formed enough of a Ruckus but
- 42:39And here they are. They're trying and make no
- 42:41mistake. This is a collaborative effort.
- 42:43It can't be that. Politicians in Europe and
- 42:46politicians in the United States and specific in New York state
- 42:49are doing the same thing and you had the cleaning up
- 42:53cryptocurrency meeting in front of Congress.
- 42:56And again what happened, they were advocating for proof of
- 43:00stake and why they advocating for proof of stake because they
- 43:03can control it and proof of work.
- 43:05They cannot proof of work is what makes a cryptocurrency?
- 43:09Uncorruptable. Proof is data's not anyways.
- 43:13Phil that's right. And he does a fantastic job of
- 43:17explaining explaining how excellent the qualities of
- 43:22Bitcoin are the censorship resistance.
- 43:25The fact that the miners just because they can create money,
- 43:28it doesn't give them this major advantage over Society.
- 43:33Anyways, very well written that was amazing.
- 43:37I just want to go back to say to a few of the articles that you
- 43:40were talking about you don't have to My poor, anything New
- 43:42York is making itself irrelevant I don't know what their I don't
- 43:45know. I mean I guess I can say I know
- 43:46what their goal is that they're just being poorly run and
- 43:49they're being poorly informed or they're just following their
- 43:52incentives which don't align with Bitcoin.
- 43:55I think they're just being nefarious routes to be honest
- 43:57with you. Yeah yeah exactly.
- 43:59Right. Like we could speculate on all
- 44:00the different reasons but at the end of the day regardless of
- 44:02what those reasons are there making themselves irrelevant by
- 44:05doing this. They're taking themselves out of
- 44:06this economic picture, which they are going to regret, have
- 44:10fun staying Poor, that's New York too bad.
- 44:13The second point that that article that explains about how
- 44:18you know that the the miners have become more mindful about
- 44:23renewable energy and whatnot after Elon.
- 44:26Brought it up, I just hate that we have to name drop.
- 44:29These people that are completely irrelevant to bitcoin.
- 44:33And, you know what, they, you know, everybody gives this guy
- 44:37everybody sits there and throws flowers at this guy and pretends
- 44:40like, he's so wonderful. Does anybody realize what goes
- 44:43into Cobalt mining? Does anybody realize how many
- 44:45people died? How many people get poisoned?
- 44:47By Cobalt mining doesn't matter. Gold by just psychotic gold
- 44:51mining and Bank. Energy usage is irrelevant.
- 44:55It's Bitcoin energy usage that is well you know so that makes
- 44:59me that makes me believe that it's really not about the energy
- 45:03usage is about something that they is out of their control and
- 45:07what they can control is hey you can't use that energy for that.
- 45:11Didn't think so and he has your dollar use energy.
- 45:15No I mean no no worldly. The guy over Unity machine the
- 45:20Petro dollar. It just helps everyone.
- 45:23It just helps. Everyone do everything except
- 45:24its enemies. Those people are excluded Hey,
- 45:29where's ours? One last point before we go to
- 45:32Moses? One last Point.
- 45:33That's right. I actually wrote them down.
- 45:34So my memory is not all screwed. I'm not so surprised.
- 45:37I was like, Wow, Phil. Yeah, it's likely that three
- 45:39points in a row. Okay, my last point was Peter
- 45:42from Zeitgeist. So look, I you know, I saw that
- 45:46movie when I was in my early 20s, the the first Zeitgeist
- 45:49film, I am incredibly shocked. That someone like him does not
- 45:55get Bitcoin after producing a movie like that.
- 45:58That's Typically talks about how symbols are misrepresented
- 46:04misused misunderstood. Okay?
- 46:07This is very interesting that he doesn't get Bitcoin.
- 46:10Anyways. I don't know what the incentives
- 46:12are. I don't know what the
- 46:13motivations are. I'm just saying, I'm kind of
- 46:15disappointed that he doesn't get it.
- 46:16Anyways, burning gosh, mmm. Yes.
- 46:21Humans, too much institutional trust, that's the problem.
- 46:24That's why people don't get Bitcoin.
- 46:25They don't even do the time. Like so many people on Twitter,
- 46:28like I posted random stuff all the time.
- 46:29I'll just drop Bitcoin and people will come in and be like
- 46:33Bitcoin Eustis that I'd be like, dude, you clearly haven't done
- 46:36any research, you don't know what you're talking about, you
- 46:38have no opinion. You can't have an opinion.
- 46:40You don't, you don't you don't understand what you're
- 46:42criticizing and inevitably, it's like a comment stream, comment
- 46:46stream and they'll usually just like end up like just Sing it
- 46:51and I've had few people message me back like weeks later and be
- 46:54like, yo, I actually did some research and I feel like, yeah,
- 46:56you might have had a couple points because it's literally
- 46:59just think they don't understand it and they've just dismissed
- 47:01it. It's like totally surface level
- 47:03like, oh, Bitcoin bad for the environment and they don't go
- 47:06any further than that, it just stops there.
- 47:09Yep. And it dude in honestly, I blame
- 47:11a lot of that on the media, dude.
- 47:14It's like their propaganda because that's what it is right.
- 47:18Clearly that article from Nick Carter.
- 47:20Is literally a year old and the New York Times is still using
- 47:24the same narrative, but it's funny.
- 47:26You see how they pivoted a little bit.
- 47:28Phil you see all of that text before they get to the jugular
- 47:31at the end? And then they start, then that's
- 47:34when they form the narrative at least before it was the entire
- 47:37article. Now it was like okay we know
- 47:39what we're talking about. Let me explain it, let me see
- 47:42like we're knowledgeable about this but still proof of stake,
- 47:46you know, it might be a suggestion and then they happen
- 47:48to get a guy that says hey You know, this it will never be 100%
- 47:54green. Like it's like they're picking
- 47:55and choosing what, you know, quotes fit the narrative.
- 47:59What quotes create the narrative, help them create a
- 48:01narrative and it's just, it's just bullshit.
- 48:03It's, it's insincere, we are just a Bitcoin.
- 48:07Sorry. Oh no, sorry, dude.
- 48:09You have they pretend to be experts and then they come
- 48:10through as like a with an appeal to Authority like Elon Musk or
- 48:13something. They like go see.
- 48:14Baba, baba by name, drop proof of stake.
- 48:17Yep, exactly. Do they look, just just look.
- 48:20The picture you see the horse is, you do care about the
- 48:23environment, look at these horses.
- 48:25And look, the wind little baby horse, the windmills, you know,
- 48:29and the horrors I see the windmills after the tornado.
- 48:31You see that that picture going? Yeah, yeah, yeah, I saw that.
- 48:34I saw that looks like the War of the Worlds.
- 48:36You know. Like those three legged.
- 48:40We understand Bitcoin now by our shit coin.
- 48:44That's, that's that's totally their theme.
- 48:46That's that's what they did. Yep.
- 48:48Absolutely, absolutely. But anyways, feel there was an
- 48:51open source software released today.
- 48:53When he's everybody about it. Alright guys, sorry, I had to
- 48:55interrupt this. So this just drop while we were
- 48:57recording. It Bitcoin, mining band, makes
- 49:01it out of New York State Assembly committee.
- 49:04It would place a two-year mandatory on Bitcoin mining,
- 49:06which we talked about it. Still requires passage by the
- 49:09New York State Assembly and Senate, but looks like it's
- 49:13moving forward. So that's Release the beast, New
- 49:15York. Anyways.
- 49:16Phil what software release software releases brought to you
- 49:20by Cipher safe. Check them out.
- 49:22Cipher safe dot IO. Let's be honest.
- 49:25Everyone has to store their seed.
- 49:27It's one of the biggest concerns that we have.
- 49:29So why not store your seed in the best place possible?
- 49:32The Cipher wheel or the all new Cipher grid?
- 49:35They both come with tamper-resistant wire and the
- 49:38grid comes with a punch tool. We've got Sparrow wallet
- 49:42version, 1.6.2, Ooh, that was released its Down Below in the
- 49:46show notes, don't forget to check us out.
- 49:48On our Audio, Only platforms, Apple podcast, Spotify and
- 49:53anchor. If you want to stream us them
- 49:55SATs. Check us out on Fountain dot f
- 49:58m--. Awesome.
- 49:59Thank you feel. Alright guys, that was our show
- 50:00before we go. I want to give a very special
- 50:02shout-out to our awesome hoodie sponsor thread sponsor rep.
- 50:06Hard.com represent LTD.com, and you can take advantage of the
- 50:09link down below for 10% off anything off to store, rep hard.
- 50:14Dot-com and also want to give a very special shout-out to her.
- 50:17Awesome guests. You can give him a follow on
- 50:19Twitter at earning guiche. Mm, you just take out the be and
- 50:23burning bush him and that's his name.
- 50:26Definitely go get my follow, he's a fellow pleb and he he, he
- 50:30hosts the b, b innate Watson SATs radio, definitely go check
- 50:34him out, definitely go check them out.
- 50:36Anyways guys, that was a show. If you enjoyed the show, you
- 50:38know what to do? You smash that like button.
- 50:39Of course, you're going to continue here in the Bitcoin,
- 50:41use from the plate perspective, definitely consider.
- 50:44Subscribing to Simply Bitcoin. Will see you tomorrow guys, for
- 50:47a brand new episode. You can't just reboot the
- 50:49Bitcoin Network. This is by Design.