Latest / Simply Bitcoin / Blackrock Increases Bitcoin Stack | EP 811

Transcript

Blackrock Increases Bitcoin Stack | EP 811 · Simply Bitcoin

0:13
It's all going to zero against Bitcoin.
0:16
It's going up for everyone. You're against Bitcoin.
0:26
You're against freedom. Good morning everybody.
0:31
We are back. What a weekend.
0:33
We were in Austin all weekend but anyways.
0:35
Anyways, crazy stuff happening. BlackRock increases their
0:40
Bitcoin exposure, but not in the way that everyone thought.
0:43
There was some speculation on the timeline on BlackRock
0:47
stacking, but they are getting exposure in every way possible.
0:51
Recent news shows that they've been buying a bunch of public
0:55
mining company stocks. So we're going to get into all
0:58
that news. And then of course we just came
1:01
back from Austin. We were in bit box Boom.
1:03
So awesome to see all you guys in the flesh hang out with
1:07
Bitcoin family members as I like to call them friends,
1:10
acquaintances, new faces, old faces.
1:12
It was a great weekend and we streamed the whole thing live on
1:15
YouTube. I think it's on the Swan and the
1:18
Gary's Bit Block Boom channel. So if you want to catch all
1:20
that, we got it all recorded for you on the YouTube verse.
1:24
But the reason I bring that up, not only because we had a great
1:27
time, but there was another conference that happened over
1:30
the weekend. It wasn't by Bitcoiners though,
1:33
it was by your favorite central bankers out there in Jackson
1:36
Hole, Wyoming. So I'm gonna kind of contrast
1:38
the two. We have the Bitcoin Bit Block
1:41
Boom conference in Austin and then we have the central bankers
1:44
meeting in Jackson Hole, Wyoming.
1:46
So I don't know, I thought it was very fitting that the two
1:49
happen on the same weekend and we'll see the difference between
1:53
Fiat monetary policy handlers and the bitcoiners and the
1:57
energy coming out of there. You just love to see the
1:59
contrast. And of course guys also, as you
2:01
can tell, I'm hosting the show today.
2:03
I will actually be hosting the show till probably Wednesday.
2:07
Nico has some family stuff that he has to take care of.
2:09
So send some thoughts and prayers over to Nico.
2:12
He will be back in a couple of days.
2:14
But you guys know the show don't stop.
2:16
This is why we've been doing our best to make sure that I handle
2:20
the show, that we're training our boys, Dell and Ruston on the
2:23
show and we even have some people coming off on the bench.
2:25
So shouts out to our boy Mike Hobart Because we are making
2:29
sure that the show don't stop for you guys.
2:31
We will continue to give you guys the signal.
2:33
As you guys know, this is simply Bitcoin.
2:35
We all are your number one source for the peaceful Bitcoin
2:37
revolution. We cover breaking news, culture
2:39
and memetic warfare. And we bring on bitcoins from
2:41
all around the world, from the biggest names to the everyday
2:44
Bitcoin. We got them all and we will be
2:46
your guide through the separation of money and state.
2:50
But of course, guys, I'm not alone.
2:52
I'm here with my cohost, Dale. Dale, how you doing this
2:54
morning, brother? I'm good, but I gotta gotta do a
2:57
quick correction to what you said about that other symposium,
3:01
the the meeting over in Jackson Hole.
3:03
You said it wasn't put on by bitcoiners.
3:06
I'll change that to it wasn't put on by bitcoiners yet.
3:11
Yet they will be. Just do it.
3:13
Just wait. Given enough time, everybody's
3:16
going to come around and see the the bright orange light of
3:19
Bitcoin. It's unavoidable.
3:21
Let's go. All right, guys.
3:22
Well, let's get into the show. We got a lot to cover today.
3:27
The Bitcoin numbers. Is your Bitcoin and cold storage
3:30
really secure? Is your seed phrase really
3:33
secure? Stamp seeds?
3:35
Do it yourself. Kit has everything you need to
3:38
hammer your seed words into commercial grade titanium plates
3:42
instead of just writing them on paper.
3:44
Don't store your generational wealth on paper.
3:48
Papers prone to water damage. Fire damage.
3:51
You want to put your generational wealth on one of
3:53
the strongest metals on planet earth, Titanium.
3:56
Your words are actually stamped into this metal plate with this
3:59
hammer and these letter stamps. And once your words are in, they
4:03
aren't going anywhere. No risk of the plate breaking
4:06
apart and pieces falling everywhere.
4:08
Titanium stamp seeds will survive nearly triple the heat
4:11
produced by a house fire. They're also crush proof,
4:14
waterproof, non corrosive, and time proof.
4:17
All things that paper is. Not allowing you to huddle your
4:19
Bitcoin with Peace of Mind for the long haul.
4:22
Stamp your seed on stamps. All right guys, as you know, hit
4:28
the QR code in the bottom and get yourself a seed freight
4:31
storage kit. Do not leave your Bitcoin seeds
4:34
phrase on paper in your sock drawer.
4:36
Anyways, let's get into some of the numbers here.
4:38
Of course, we're over here on Clark Moody's dashboard and our
4:43
favorite number, the block height.
4:44
It keeps going up guys. It's almost like Bitcoin works.
4:46
It is at 805,182 for the new all time high of block height.
4:52
The current Bitcoin price is $26,120.00.
4:55
Guys, we're still in the 26 K range, which means you have an
4:58
opportunity to stack more sets than we did what 2 weeks ago.
5:03
Which means the Moscow time AKA the sats per dollar, AKA how
5:06
much your Fiat dollars worth is currently at 3826.
5:11
And I did drop a poll in the chat guys, are we going to see
5:13
4K sats? I don't know.
5:15
Let's see what you guys think. Let's speculate a little bit in
5:17
the chat for you guys. Get you involved.
5:19
Anyways, the total percentage of Bitcoin issued is at 92.71%.
5:25
The current market cap in Fiat dollar terms is $508.8 billion.
5:30
Bitcoin isn't even at a trillion dollar marking cap yet, we're
5:34
half a trillion anyways. The realized monetary inflation
5:37
taking Fiat currencies to schools at 1.75%.
5:40
And someone asked me on telegram what what does this number mean?
5:44
It means like even though Bitcoin is hard cap there is a
5:48
realized monetary inflation until 2140 until the last
5:51
Bitcoin gets released and that is going to get halved and cut
5:55
in half in April. And actually Dell maybe can we
6:00
can we talk about your your dad the little story you just told
6:03
us in regards to the having and and this number the monetary or
6:07
realize monetary inflation. I I think this might be an
6:09
interesting little story, but TLD Army.
6:11
I know how you like to talk, so TLDRS.
6:14
The long and short of it is, if you keep on talking to people
6:19
and you keep on blasting them every time you get on the phone
6:22
with them about Bitcoin, then sooner or later.
6:25
No either I guess. I guess there's you, you run the
6:27
risk of them telling you to never speak again, but sometimes
6:31
they might start to see some some of the things they might go
6:33
wait a second. So if the having means that
6:35
there's less bit going to be found and there's only ever
6:38
going to be X amount 21 million and more people want it as time
6:43
goes on, that means that the price goes up, right?
6:46
And I'm like, like Lobby said that was the TLDR of my my
6:49
conversation, my my dad. And I said that's exactly what
6:52
it means. There's only so much it's gonna
6:55
get more and more scarce and the price can only go one way.
6:58
So yeah, they're waking up. They're be, they're noticing,
7:02
people are noticing. OK, last couple numbers we have,
7:06
the Bitcoin versus gold market cap is only currently 3.96% of
7:10
the gold market cap. If you remember, gold is I
7:12
believe around $10 trillion Bitcoin still less than half a a
7:18
little more than half a trillion.
7:19
Anyways, the total lightning capacity is 4746.94 BTC.
7:24
The hash rate the last 90 days is 377.4 exit hashes and the
7:29
pending fees is currently 3.11 BTC.
7:33
OK guys, as I was telling you guys this weekend, we had a
7:39
contrast between two different conferences.
7:45
We had Bitlock boom in Austin, the Bitcoin Maxi conference.
7:49
Well, all your favorite bitcoiners were and we were live
7:51
streaming from the floor. We were holding down the media
7:54
desk and we had the central bankers meeting in Jackson Hole,
8:00
Wyoming. And I just I the the irony isn't
8:04
lost on me that they happened on the same weekend but you can
8:07
tell that there is complete difference in ideologies and and
8:12
the feeling coming out of these conferences.
8:15
And first and foremost I'm pretty sure we played this video
8:18
for you guys over the weekend on the streams.
8:20
But I want to play it again because you can just see not
8:24
only the hubris of Christine Lagarde but notice the body
8:28
language I've heard. Does she really believe what
8:30
she's saying or is she just saying this stuff just to say it
8:33
to play the confidence game. And I also got a story or a
8:37
newsletter article, sorry, coming out a couple days later
8:41
about what was said at the conference.
8:43
And again, we are contrasting this to Bitcoins monetary policy
8:46
because that's what it's all about.
8:47
And remember what Dell's dad just said?
8:50
People are starting to wake up, people are starting to notice,
8:53
and they're starting to understand, wow, maybe I want to
8:56
get some Bitcoin, just in case. Just catches on.
8:58
Anyways, we have a tweet here by Christine Lagarde and she goes,
9:00
hello from the Jackson Hole Economic Policy Symposium.
9:04
I'm looking forward to sharing my thoughts and exchanging views
9:06
with central bankers from around the globe on the very relevant
9:09
theme of structural shifts in the global economy.
9:13
Thanks for hosting the event, Kansas City Fed.
9:15
All right, let's just get into this little video.
9:17
Notice her body language? And what is she even saying here
9:20
anyway? Wait, let's get into this.
9:22
Go to all of you and I would like to share this magnificent
9:25
panorama that is behind me. It is the setting of the Jackson
9:29
Hole conference that takes place every year.
9:32
It is a little bit like the Centra of the West, except it's
9:36
been around for longer. Many central bank governors,
9:40
many academics, many experts in monetary policy and on the
9:44
economy in general will be gathering for two days and we
9:48
will talk about the current situation, the major shifts that
9:52
we are seeing, the major breaks and how we can best response
9:56
with good policies that will actually help bring inflation
9:59
back to 2%. This is the goal.
10:01
This is the mission. We're not done yet.
10:04
We are working hard, but we also have to compare notes and share
10:08
our views with others so that we can have really the highest
10:12
level of confidence that we have taken everything into account.
10:16
But this is a very inspiring place to do it.
10:21
Interesting and K first and foremost of course they are
10:25
still struggling to maintain 2% inflation rate as we like to
10:30
call it. You know, the, the publicly
10:33
acceptable amount of purchasing power they can steal from you
10:37
every year is 2% and they're struggling to get back down as
10:40
we've been covering for a long time on the show, The inflation
10:43
rate, the official inflation rate, CPI is nowhere near 2%.
10:47
It almost got as high as 10%. I think they're somewhere
10:50
roughly around 3% right now and they are still working on
10:54
getting that lower. But anyways, let's talk about
10:57
what they actually talked about or as Christine Lagarde was
11:01
saying, you know, share our notes in Jackson Hole, Wyoming.
11:05
You know, it might sound very, very, very simple, very
11:11
innocently. We're just going to share our
11:12
notes so that we know what's going on in the world.
11:15
So we're all on the same page. Some might say they're
11:18
conspiring, but hey, let's not go down that path, OK?
11:21
We're over here on Bloomberg and we have an article here and it
11:24
goes at Jackson Hole post inflation challenges vex central
11:27
bankers. And the subtitle is Policymakers
11:30
Pledge to Keep Rates high until inflation is Tame.
11:34
As you can tell, the theme is inflation is not tamed.
11:37
Anyways, let's get into this article and I will jump back and
11:40
forth on a few different articles from Bloomberg.
11:42
And then of course I am going to angle this in regards to Bitcoin
11:47
and bit block boom that we just all were hanging out with over
11:50
the weekend in Austin. So the world's top central
11:52
bankers stressed the need to keep interest rates high until
11:55
inflation is contained and wrestled with deeper economic
11:58
shifts that will make their job harder.
12:00
At an annual Federal Reserve gathering in Jackson Hole,
12:02
Wyoming, keynote speeches from Fed Chair Jerome Powell and
12:05
European Central Bank President Christine Lagarde on Friday laid
12:08
out the challenges each is facing and deciding if they
12:11
should extend historic strings of rate increases that began
12:14
last year. At the same time, they offered
12:16
investors few clues as to whether they would in fact do so
12:20
in the coming months. And there's a link here, and I
12:22
want to jump on to this other link real quick, because of
12:26
course, as big corners, we know what our monetary policy is.
12:29
And yet, people are still out here, waiting for the people in
12:33
suits to tell them what is happening with their money
12:36
anyways. What are these clues that
12:37
they're talking about? So Powell has bond traders right
12:39
where he wants them, full of doubt.
12:42
Interesting. Interesting.
12:44
As we know, monetary policy, at least in the field world, is a
12:47
game of trust, a game of confidence.
12:50
And as you can tell, the Federal Reserve and the central bankers
12:52
around the world are playing with that confidence.
12:55
They want you full of doubt. So you don't know which way
12:57
they're going to go. Are they going to pivot?
12:59
Are they, you know, they're going to lower rates?
13:01
Are they going to raise rates? Well, who knows?
13:03
And that's exactly where they want you to be.
13:05
So Fed chair says in speech that officials ready to hike again,
13:09
it's about waiting for September and jobs data.
13:12
So we're about to get into September and there's some dates
13:14
coming up that obviously all the Bitcoin macro guys are going to
13:19
be following. And I'm sure we will follow and
13:22
we will give you guys the notes, give you guys the data, see
13:24
what's going on in the Fiat world because that's what we're
13:27
here to do, is to combat the corporate gas.
13:30
Anyways, Jay Powell had bond market exactly where he wants
13:33
it, lacking conviction as to the Federal Reserve next debt next
13:36
steps. It's a scenario scenario evident
13:38
in part through split futures positioning that gives the Fed
13:41
chair and his colleagues leeway to quickly adjust policy in the
13:44
coming months as economic data unfolds, without having to fret
13:47
about potentially roiling the world's biggest fixed income
13:50
market. Powell said in a Friday's speech
13:52
in Wyoming that the central bank is ready to tighten again if
13:55
needed to tainflation. And for investors, it means that
13:58
reports like the monthly jobs data out next week will be
14:01
crucial. And then it will be tough to
14:02
crown a winner in the battle between the bond bulls and bears
14:05
anytime soon, even even with Treasuries poised for four
14:08
straight months of losses. So again, they don't even know
14:11
what they're doing with their monetary policy.
14:12
And this is a feature, not a bug.
14:14
This is how they want it to be anyways.
14:16
Again, moving back to this first article, a key theme emerging
14:19
from the formal conference proceedings and conversations on
14:22
the sidelines was difficulties adapting the forces outside the
14:25
control of monetary authorities. The attendees discussed topics
14:29
including productivity and innovation, bond market
14:31
structure, global supply chains, and rising public debt levels.
14:35
the Fed and ECB are engaged in similar debates over whether to
14:38
raise borrowing costs at policy meetings next month, even as the
14:42
US economy as surprised with this resilience.
14:44
While Europe seems to be headed for a downturn, lingering
14:48
inflation in both jurisdictions and uncertainty over how quickly
14:51
it will receive is the common challenge.
14:54
Powell, in his speech, remain vague about whether the Fed
14:57
would lift its benchmarks rate again.
14:59
Again featured not a bug, though.
15:01
He warned that additional evidence of persistently above
15:03
trend growth could put further progress on inflation at risk
15:07
and could warrant further tightening of the monetary
15:09
policy. Which way are they going?
15:10
They don't even know, And that's the point.
15:12
Lagarde and her address in a subsequent Bloomberg TV
15:15
interview was more wide-ranging and discussing the new landscape
15:18
facing ECB policymakers 1 characterized by novel
15:22
challenges arising from historic changes, including the energy
15:25
transition and a fragmentation of global trade into competing
15:28
geopolitical blocks. She too, though, steered clear
15:31
of speaking about decisions in the months ahead.
15:35
Guys, this is a feature, not a bug as we know.
15:38
As Bitcoiners, we know our monetary policy, and this is
15:41
where I'm going to angle it. But let me finish this article
15:43
first, the prevailing sentiment and conversations and questions
15:47
at this year's symposium. A need for humility among amid
15:51
this uncertainty of the current landscape.
15:53
And here's Christine Lagarde and she goes.
15:55
While we need to continue striving to sharpen our picture
15:57
of the medium term, we should also be clear about the limits
16:00
of what we currently know and what our policy can achieve.
16:03
If we are to maintain our credibility with the public, we
16:07
will need to talk about the future in a way that better
16:09
captures the uncertainty we face.
16:11
Guys, I think this is the the shooting gun of this whole
16:15
conversation. They're saying the loud part or
16:17
the quiet part out loud. It's the idea that they know
16:21
that the Fiat game is a game of trust.
16:24
It is a game. It's a confidence game.
16:27
And as bitcoiners, we don't have to play their game anymore.
16:31
We know that they literally make things off off the wind.
16:34
They're they're going to adjust the global economy based on
16:38
recent data that we know isn't even correct.
16:41
And they're going to do this on a whim.
16:42
They're going to do this because what a small Cabala bankers
16:45
think it's the best move to make.
16:47
Well, us bitcoiners play on a totally different game.
16:50
And, you know, I didn't have Privy of what was fully talked
16:54
about at Jackson Hole in Wyoming at the central bank.
16:57
Let me see what what they call it again.
16:59
Jackson Hole Economic Policy Symposium.
17:02
But I don't have to. I'm a Bitcoiner.
17:04
I know what my monetary policy is until 2140 and beyond.
17:08
And this is the point. Why are we using a money that is
17:13
designed to steal from us, that is designed to take our
17:16
purchasing power and is at the whim of a small group of
17:20
bankers? I don't have to.
17:23
This is the point of Bitcoin. We know our monetary policy
17:25
moving forward. We know the having is coming in
17:27
April. We know that the supply shock
17:31
that is to come next year is going to get cut in half.
17:33
And you know, that's why I had Dell tell us this story in the
17:36
beginning, because more people are starting to wake up to this.
17:38
Look, even if you break this down on simple level, the
17:43
central bankers out there, those who are the experts that have
17:46
been entrusted to know what is best with the money supply,
17:49
don't even know which way they're going to go.
17:52
They don't know what they're doing in a week or two.
17:54
And I don't know about you, but I do not want to play that game.
17:57
Why am I sitting here on the whims of someone that is not
18:00
only manipulating the money supply, they're manipulating the
18:04
inflation percentages to play that confidence game?
18:07
And remember what is said in the early passages of the white
18:12
paper. The financial world runs on too
18:15
much trust, and that trust has been abused.
18:18
And I know, I know, I try to hit you guys with the logical facts
18:22
all the time, but people don't even know that that abuse is a
18:27
possibility. They they, they're asleep.
18:29
They're they're busy. They're in the rat race.
18:32
And like Dell's dad, people are starting to wake up to the idea
18:36
that, hey, inflation is getting out of control.
18:38
My life is getting more expensive.
18:40
Why is my dollar, my Fiat currencies not buying me enough
18:44
at the grocery store? You know, are we going into a
18:47
recession? Are we going into a global
18:49
depression? No one even knows the the
18:51
numbers are telling you one thing, even though they're
18:53
probably telling you something else.
18:55
But that's the whole point of the Fiat game is to keep you in
18:59
this, in this purgatory of finances where you don't know
19:04
where it is going. But hey, you do not need to play
19:07
that game. We know where our money is
19:09
going. We know how much money is in the
19:12
Bitcoin Standard 21 million hard cap.
19:14
And if I go back to the the Clock money dashboard, 92% of
19:21
all bitcoiners that will ever get released are already
19:24
circulating. And remember guys, there is more
19:27
Bitcoin that is lost than is even talked about.
19:31
And I had some conversations with people at the conference
19:33
and there's a running theme of a lot of people losing Bitcoin.
19:37
And and This is why we tell you guys to take this self custody
19:41
thing seriously. Right now is the time where you
19:43
should be preparing your self custody, your cold storage, you
19:47
should maybe look into getting better hardware signing devices,
19:51
you know, running a note now is the time to be doing this and
19:54
make sure that you have your seeds raised, backed up because
19:57
things are going to get crazy. When the price starts to run,
19:59
people lose their minds. But the point of the matter is
20:02
leaving bit block boom and seeing that there was a central
20:05
bank conference the same day. I can only tell that there is a
20:11
stark contrast between the the vibe that I that I see coming
20:15
out of the Central Banker conference and the vibe coming
20:18
out of the Bitcoin conference. It was, it was all love at the
20:22
Bitcoin conference. It was hopeful, It was
20:24
understanding that yes, we have a lot of hard work coming ahead
20:27
of us. Yes, we are going to have to,
20:29
you know, climb the uphill battle to not only build the
20:34
tools we need to offer the world bitcoins, Hyper Bitcoinization,
20:39
but we need to be doing our best to get people involved with
20:46
Bitcoin, show people why they need to hold Bitcoin, show
20:49
people why Bitcoin improves their lives.
20:52
Because this is the way. And I don't know, I'm leaving
20:58
Austin. I feel, I feel very, very
21:01
hopeful. I feel like I hung out with a
21:03
bunch of friends and family and it's all love.
21:06
And I know moving forward that bitcoiners are winning and they
21:10
are building the stuff that the world will be using in a few
21:14
years. And when you hang around all of
21:16
the bitcoiners, you get a brush, a fret there, a lot of optimism,
21:21
a lot of hard work, but a lot of people with their heads on and
21:24
knowing that, yes, this work will pay off.
21:27
And then you compare that with the Jackson Hole and they're
21:30
like, what's going on with the world?
21:32
Like, I have no idea. I have no clue.
21:34
Is the money? Are we?
21:36
Is inflation going down? I don't know.
21:38
What do we need to do with the interest rate, guys?
21:40
This is a feature of the financial world and you can opt
21:43
out of that stack. Bitcoin saving Bitcoin.
21:47
Stay solvent. 21 million hard cap.
21:49
This is a feature, not a bug Anyways.
21:52
Dell, you weren't in Austin. But comparing the two, what's
21:55
your thoughts on this? What?
21:56
What's the first thing that's getting triggered in your mind
21:58
today? The very first thing that stuck
22:00
out to me about everything they just said is a small little
22:03
snippet in that Christine Lizard video where she says.
22:07
We're taking everything into account or or something like
22:10
that. We're looking at all the facts
22:12
or or something like that. It's like how could you possibly
22:15
take into account all the wants and needs of the.
22:18
I don't know how many people are in the Western world something
22:21
like 3 billion people between Europe and the USI know.
22:24
I know most of the world's population is contained within
22:27
like India and China are a large percentage of it and in Asia and
22:31
that's not considered the West. So if you if you figure even if
22:34
it's just. 33 billion people that they are trying to have
22:38
some sort of monetary policy control over.
22:40
There's zero chance that they could possibly figure out what
22:44
all of those 3 billion people want.
22:46
You could look at trends. You could see that this country
22:49
likes to typically do this and during this part of the year,
22:52
oh, the heating costs in this part of the world.
22:55
But then every once in a while, nature throws A curveball at you
22:58
or something new comes out. One person, as I talked about in
23:01
a recent video, Taylor Swift. Can have such a massive impact
23:05
on the economy and you can't plan for that.
23:08
You cannot plan for who's going to announce a new tour, who's
23:11
going to come out and say, hey, guess who's back on the road.
23:13
Oh the the whatever have have gotten back together and it's
23:17
now going on tour and it's making huge.
23:20
Impact on the on the economy because they're traveling doing
23:23
their the final European Tour. This person, that person, some
23:27
wellknown artist or this thing or a new movie comes out and you
23:30
have no idea that it was going to be this massive blockbuster
23:32
that it was. So the idea that they could have
23:35
any idea of what billions of people are going to want on a
23:38
daily basis and then try and conduct and and concoct A
23:41
monetary policy based off of that is absolutely insane.
23:45
And it's truly insane. It's hubris at its finest that
23:48
people think that they can have any sort of.
23:50
Idea about what anybody besides themselves want.
23:53
I bet Christine Lizard wakes up in the morning, goes, hmm, do I
23:56
want eggs or do I want bacon today?
23:58
Or do I want bugs? Or do I want to eat a bagel with
24:01
cream cheese on it? I can't even decide between
24:03
those two things. And yet she's trying to figure
24:05
out whatever a billions of people actually want.
24:07
Give me a break. It's insane.
24:09
It is. It's truly insane.
24:11
I I don't know what I'm going to want tomorrow.
24:13
I don't know what I'm going to want this afternoon for lunch.
24:15
I have no idea. So for me to say that I could
24:18
know what everybody in my neighborhood, let alone city,
24:21
let alone country, let alone half the world, is going to
24:23
want, is. I mean it just it's
24:26
mindbuggling. It just it it it beggars belief.
24:30
That anybody could get up there be like, no, I I do know what
24:32
people are gonna want. I absolutely know what the
24:34
policy needs to be. I, me and my pals up here, all
24:37
of us in our 50s don't even understand what anything going
24:40
on there on the Internet. I don't even know what a meme
24:42
is. I've never made one in my life.
24:43
But I certainly know what's going on on the Internet.
24:45
I can tell what all the kids are gonna want.
24:47
I can tell what all their parents are gonna want.
24:48
I absolutely have an idea of what all these people are gonna
24:51
need to do. And in the coming months and
24:52
years and days of their lives, give me a break.
24:55
It's insane. It's absolutely insane in
24:57
Bitcoin. Just this biggest layer goes,
25:00
hey, I don't give a crap what any of you do.
25:02
I could not give any flying apps about what any of you do.
25:06
I'm just going to be the best money that's ever existed for
25:08
you to transact with. How about that?
25:10
And that's, that's the totality of the story.
25:13
That that's it. That that is literally it.
25:15
I'm just the best money. Have fun staying poor.
25:18
If you want to use this other thing that people are constantly
25:20
messing with and screwing around with on a daily basis, give me a
25:24
break. Couldn't agree more.
25:26
And and I think that's lost in a lot of people that they the
25:29
hubris that comes out from the unproductive ruling class, the
25:32
banking class out there, the Keynesians that think that they
25:35
can control a complex system such as the economy.
25:39
When I think I forgot to pull this up, you can see very
25:42
clearly we know what's going to happen with the Bitcoin subsidy.
25:46
We know what's going to happen with the distribution of Bitcoin
25:49
21 million hard cap until 2140. Yes, there will be bitcoins
25:53
released, but we know the havings coming up in April and
25:56
the amount of Bitcoin that's going to hit the market is going
25:57
to get cut in half. And for those people out there
26:01
you might want to get some just in case it catches on.
26:03
Anyways, before I move on guys shouts out to the boys over at
26:07
the Bitcoin conference. Yes, we are fresh off bit block
26:10
boom, but if you are in Europe, get to Bitcoin Amsterdam.
26:15
You can get a discount code on your ticket using simply.
26:17
It's going to be October 12th through the 13th in Amsterdam
26:21
2023. And then of course you can also
26:23
get yourself a ticket to Bitcoin 2024 July 25th through the 27th.
26:28
Next year in Nashville we will be in Nashville.
26:31
We haven't made it to Amsterdam yet as the Simply Bitcoin crew,
26:34
but we will be seeing you guys in Nashville.
26:37
And of course you can scan the QR code at the bottom of the
26:40
show and get there directly. Anyways, guys, let's get into
26:45
the news because I'm gonna give you guys what you came here for.
26:48
Here we go. The Daily News And before I go
26:57
on guys, I want to give a shout out to our boy Brian De Mint's
27:02
book, Bitcoin Evangelism. Yes, we know you have trouble
27:06
orange peeling your friends and family.
27:08
You're skeptical. No coin of friends and you're
27:11
kind of on the fence. Family, you know, your mom, dad,
27:14
they're like, OK, you like this Bitcoin thing?
27:16
Well, get yourself the Bitcoin evangelism book and we got you
27:19
covered. You know you got your boomer
27:21
neighbor. We got we got what you need to
27:24
tell them. We have your, your crazy aunt
27:26
that is more terrified about Cbdc's than you are and she may
27:29
think Bitcoin is, you know, the the money of one world currency.
27:34
We got you covered. You got the the shit corners out
27:37
there that are skeptical of Bitcoin.
27:39
They're they're going to the casino.
27:40
We got you covered guys. Get on Amazon.
27:42
Scan the QR code. Oh, I don't think I put up the
27:45
QR code. Scan the QR code and get
27:48
yourself the best way to Orange Pill.
27:51
Actually, before I move on, there was a good there was a
27:55
good quote from Jimmy Song and if you guys saw his presentation
27:59
at Bitlock, boom, he said. You know, I think it's kind of
28:02
ridiculous for us to think that we're going to have someone that
28:06
is kind of low key and and interested in Bitcoin.
28:08
Be like, hey, hey guys, go read this 300 page book about Bitcoin
28:12
and then come back to me and then you'll be a Bitcoin.
28:14
And I really, it really hit me when he's like, no.
28:16
Like these books are for you so that you can get better at
28:20
orange peeling so that you can have the tools you need to be
28:23
able to explain this to people when the hearts and minds are
28:25
the masters out there because it's about preparing you, giving
28:29
you guys the tools so that you can go out there and spread
28:32
Bitcoin, Get people involved. Anyways, let's get into this
28:36
news guys. So first and foremost, there was
28:41
some speculation on Twitter over the weekend.
28:45
I think was Thursday or Friday about a new mysterious wallet
28:49
becoming the third largest holder of Bitcoin in just over
28:52
three months, accruing 118,000 Bitcoin worth $3.8 billion.
28:57
So I have it over here. It looks like there's an address
28:59
here that has just been constantly stacking going to the
29:02
same address. Not the best UTXO hygiene, but
29:05
hey, maybe they're new to the space, maybe they don't know
29:10
exactly what they want, but they are stacking and they are buying
29:15
in huge chunks, which kind of leans into the narrative that
29:18
we've been saying for a long time.
29:19
You know, high net worth individuals are in the market,
29:22
the institutions are here now. I don't want to speculate on
29:25
whether this is Black Rock or not, because a lot of people
29:28
were saying it was BlackRock, but BlackRock would have to
29:33
disclose their holdings. And we're over here at
29:35
bitcointreasuries.net and we see, and we remember that
29:39
BlackRock, at least officially and again, this is an
29:42
institution, this is a corporation.
29:43
They would have to disclose this, though maybe it will be in
29:46
a different quarter when it does get disclosed that they have
29:49
been sacking more Bitcoin, allegedly only holding 6.15
29:53
Bitcoin. And if you know, you know there,
29:55
there's got to be some kind of Bitcoin owner over there that is
29:58
holding their Bitcoin. Or or maybe Larry Fink's
30:01
trolling and and he's a shit poster on Twitter.
30:04
I don't know, I'm just speculating, kind of having fun.
30:07
But the big news is that BlackRock has now become the
30:10
second largest shareholder in four of the largest publicly
30:14
traded Bitcoin mining companies in the world.
30:15
So they have bought more stock in Riot Blockchain, Marathon
30:20
Digital Holdings, Cypher Mining, Terra Wolf and so let's get into
30:23
this article here. This came out this morning.
30:25
BlackRock is a major shareholder in four of the five largest
30:28
Bitcoin miners, so the investment giant is already the
30:31
second largest shareholder and four of the five biggest Bitcoin
30:34
mining by market capitalization. According to the company's
30:38
Market cap index, the five largest Bitcoin mining miners
30:41
sum up to $5.4 billion in market cap and have registered massive
30:45
losses in the last 30 days. So Riot platform $1.92 billion
30:50
market cap, Marathon Digital Holdings 1.8 billion market cap,
30:54
cipher mining .74 billion market cap, Hut 8 mining at half a
30:58
billion market cap and Terra Wolf at point four $1 billion
31:02
market cap. So BlackRock is buying the dip,
31:05
but they're not necessarily buying the Bitcoin price, the
31:07
spot Bitcoin dip, they are buying the Bitcoin mining
31:11
companies stock dip. So I think the tell here is yes,
31:17
we are still kind of in purgatory.
31:20
Again, we're still all speculating whether and when the
31:23
Bitcoin ETF will get released. The BlackRock Bitcoin Spot ETF
31:28
will get released. Will it be in a year, will it be
31:30
in six months? We don't really know, but I
31:32
think it is becoming very clear that it's not an if.
31:36
It's a matter of when, if BlackRock is continuing to gain
31:41
exposure in Bitcoin mining. They are, you know, have their
31:44
Canary in the coal mine by saying and signaling that they
31:47
want to spot Bitcoin at ETF. It is becoming very off that
31:51
BlackRock is infatuated with Bitcoin.
31:55
Larry Fink wants to stack Bitcoin.
31:56
So do not be selling Larry Fink your Bitcoin right now.
31:59
And of course he's buying mining companies as of now and we're
32:02
going to get into some of these numbers.
32:03
But of course the sign is they are gaining the Bitcoin
32:07
exposure. The institutions are here guys.
32:09
This is the time where you should be stacking as much as
32:12
humanly possible taking your Bitcoin into self custody.
32:15
That is the most important thing to be doing is do not leave your
32:18
Bitcoin on the exchanges. Anyways, data retrieved by Finn
32:21
Bold from CNN shows that BlackRock fund advisors increase
32:24
their position in these Bitcoin miners on June 30th,
32:27
consolidating the 2nd place as the largest shareholders
32:30
position as follows. So in Riot they bought
32:33
10,749,369 shares or roughly 6.14% for a total value of
32:41
199.08 million. In Marathon they bought 10
32:45
million shares, almost 11,000,000 shares or 6.44% of
32:48
the stock for a total value of $190,000,000.
32:52
And what's it cipher? Cypher Mining Inc They bought 2
32:58
million 2.2 million shares, so or a little under 1% for a total
33:02
value of $8.36 million. And in Terre Wolf they bought a
33:07
little under 5 million shares or 2.28% of the total shares for a
33:11
total value of $14.10 million. So they've notably built a
33:16
position summing to a total value of around $411.5 million.
33:23
And I think this is the kicker guys, equals to a small share of
33:27
.35% of the $117.6 billion in assets that Black Rocks hold as
33:33
reported in 2022. This current position also makes
33:37
the BlackRock Fund Advisors a major member of the Bitcoin
33:40
Mining Council, a lot lobbying group for the Bitcoin mining
33:43
industry in the US. Now that's just the numbers here
33:46
guys. So they are obviously getting
33:50
more Bitcoin exposure, whether that is in Bitcoin stocks and
33:53
and to be fair this is the importance of the spot Bitcoin
33:58
ETF's that all will be released at a certain point coming up is
34:02
that these institutions, they can't necessarily buy spot
34:04
Bitcoin yet and that's why the ETF's will even though it is
34:08
paper Bitcoin. I know, hold your tomatoes.
34:11
This is how these institutions will be getting exposure.
34:13
But as of now, they can buy Bitcoin mining stocks and
34:18
further, we know, oh wait, over here.
34:21
We know that BlackRock is a major shareholder of Micro
34:26
Strategies as well. They hold what is it about 7.26%
34:32
or 304,000,000 shares? Oh wait, 304, that's $1,000,000
34:38
in micro strategy stock or 879,617 shares.
34:44
So they obviously have already been in the Bitcoin space.
34:47
You can tell that they want as much Bitcoin exposure and again
34:51
not to get tin foily hat. But BlackRock Playbook is
34:54
happening again in the Bitcoin space.
34:56
They just want to get their tentacles in every aspect of the
34:59
Bitcoin space because whether Bitcoin, you know whether they
35:01
believe in Bitcoin or not they are Fiat Maxis and they see what
35:06
we see number will go up So they want a little bit of all the
35:09
infrastructure. And again I was reminded I am
35:12
the skeptical bitcoiner here. I I I'm a tinfoil hat enthusiast
35:16
I should make one for you guys so you guys can clown me.
35:19
But it really reminded me when the spot Bitcoin ETF news
35:24
dropped this little clause in the filing and everyone was
35:28
going crazy on it in you on Twitter.
35:30
And and you know, I don't want to speculate too much, but I
35:33
think it would be missed if I didn't bring this point up
35:35
because hey, you know, there's no coincidences.
35:39
But hey, things are happening and I'm just trying to connect
35:43
the dots. I'm seeing things.
35:44
Obviously maybe I'm a paranoid Bitcoin or maybe they are
35:48
incentivized to just get Bitcoin exposure because number will go
35:51
up. But hey, this is a Bitcoin
35:54
channel, and we do speculate sometimes on what people's
35:58
incentives are what what what they're trying to do anyways.
36:01
Remember this in the spot Bitcoin ETF filing by BlackRock?
36:06
In the event of a hard fork of the Bitcoin network, the sponsor
36:09
will, if permitted by the terms of the trust agreement, uses
36:11
discretion to determine which network should be considered the
36:15
appropriate network for the trust purposes, and in doing so
36:17
may adversely affect the value of the shares.
36:19
There's no guarantee that the sponsor will choose the digital
36:22
asset that is ultimately the most valuable fork and the
36:25
decision may adversely affect the value of the shares as a
36:28
result. Anyways, I bring that up to just
36:32
basically hint on the idea that remember what the companies are
36:38
that BlackRock is a shareholder in and one of them is Marathon.
36:42
And not to pick on Marathon, but we remember that they mined the
36:46
first OFAT compliant block last year.
36:49
So, hey, you know, not to get too tinfoily hat here, but I'm
36:53
just seeing things and I'm just being cautious.
36:57
But it is clear as day that BlackRock likes Bitcoin.
37:01
They are gaining as much exposure to Bitcoin.
37:04
And you know, whether it's paper Bitcoin or not, we'll see how
37:07
this plays out. But I think it's just very
37:10
interesting and it's kind of leaning on the idea that Dell
37:12
was saying about earlier about his dad, like, you know, kind of
37:16
putting their minds around how the having works And the the
37:20
fact that we have the biggest institutions, the biggest asset
37:23
managers in the world all embracing Bitcoin.
37:25
I think it's all piling on to become a very amazing, amazing
37:30
bull run for all of you guys that are stacking.
37:32
Of course there is a contention and the concern about paper
37:35
bitcoins and ETF's and all that stuff.
37:37
Of course we're bitcoiners. We tell you to take Bitcoin into
37:39
self custody. Anyways, the last point before I
37:41
pass it over to Dell, it's just important to remember some of
37:45
the dates that are coming up that are going to be very
37:48
interesting and maybe maybe they won't affect a Bitcoin price
37:51
because we're still kind of in this, like are we in a bail
37:54
market, are we in a bull market? And you guys remember, you know,
37:56
bear market, good news doesn't do anything for the price in a
38:00
bull market, bad news doesn't do anything for the price and we're
38:03
still in this kind of limbo right now.
38:05
But anyways, some of the dates coming up that are going to be
38:09
important obviously is September 2nd.
38:12
So what's it then? Over the weekend we will be
38:16
getting the first deadline for the BlackRock Bitcoin Trust and
38:21
then moving out towards the year, There will be some more
38:23
dates that we'll see. Will they approve the BlackRock
38:27
ETF on the first deadline? I don't know.
38:29
We shall see. People say that that's not going
38:31
to happen again. Tinfoil hat Bitcoin is like, OK,
38:35
the SEC is definitely going to approve BlackRock on the first
38:39
headline date, but there's other smart bitcoiners out there that
38:42
saying BlackRock won't get any special treatment.
38:44
But we'll see coming up in the in a week or so we're gonna see
38:48
what's happening. So I don't know, guys.
38:50
All I'm saying is that BlackRock is getting a lot of exposure
38:55
and, you know, maybe that gets your paranoid Bitcoin alarm
38:59
going off. Maybe you're doubling down on
39:02
the idea that Bitcoin is the the, you know, money of the
39:05
system of the beast or whatever. You know, the world dystopian
39:08
coin out there. One world government coin.
39:11
Or is it simply what we all know to be the case that you come for
39:17
the money, but you stay for the revolution?
39:19
I think BlackRock is just seeing Fiat gains, which means, hey,
39:22
the floodgates will open up into Bitcoin and you are here and you
39:26
front ran BlackRock, you front ran Larry, Larry Fink, and now
39:30
the whole world is starting to wake up to the idea that they
39:32
might want to get some Bitcoin just in case it catches on.
39:36
Anyways, Dale, what's your thoughts on all this news?
39:39
What? What?
39:39
What alarm bells were going off in your head as I was reading
39:42
all that? The thing that always sticks out
39:44
to me about any of this big I don't.
39:48
What what do you call it, the big financial institutions,
39:51
institutional talk, there we go talking about Bitcoin.
39:54
Is that right there what it just said?
39:56
They're talking about Bitcoin. I've had other people ask me,
40:00
well, what about this thing? Oh, what about that was the
40:02
cricket stocks? Oh, what about hair gels?
40:04
Oh, what about nose hair tweezers?
40:07
Like, no, they're not talking about those things.
40:09
They're they're talking about Bitcoin, Bitcoin and only
40:12
Bitcoin. They're not talking about this
40:14
other. I don't even want to say some of
40:16
the other names out there, but people like, what about this
40:18
one? It's got this thing it can do.
40:20
What about this one? It's got this thing that it can
40:22
do. Black cross not talking about
40:24
those. Not BlackRock is not talking
40:25
about any of those at all whatsoever.
40:28
I've not heard Larry Fink on any of the news channels that he's
40:31
been on the legacy media things be up there and be like well I
40:34
heard this 123 coin was got a frog on it is a good deal if
40:38
BlackRock is sure is interested in that.
40:39
No that's never happened. That will never happen.
40:42
He doesn't give two craps about any of that garbage.
40:44
Neither should you. If you want to go or and screw
40:47
around because you like gambling, hey, you might want to
40:49
call one of those hotlines that you see all over Vegas and get
40:52
some help. But look, everybody's got their
40:54
vices. People like to do things and if
40:55
you are doing it for that reason, then be aware of why
40:58
you're doing it. It's like people that go to
41:00
Aikido. If you want to go to Aikido to
41:03
hang out with your friends and you want to have a good time and
41:06
have some camaraderie and do it for a club, that's fine.
41:09
I've got no issues with that whatsoever.
41:11
But do not go to Aikido and think that you're going to be
41:14
able to do anything in an actual street fight.
41:16
You will not. You will not Steven Seagal throw
41:19
somebody to the ground because they just let it happen.
41:21
That will not happen in the real world.
41:23
Aikido is garbage, is not a real martial art, just as in the real
41:26
world there's only some monies that work.
41:29
Bitcoin is the best money that's ever existed.
41:31
That is why you have places like Fidelity are Kathy Wood,
41:35
BlackRock, etc, etc. Every day talking about these
41:37
things. That's why they have Fox
41:39
Business is it has a Natalie Brunel on seeming like a weekly
41:42
basis these days to ask more about Bitcoin.
41:45
Only Bitcoin. They're not asking about these
41:46
other things. They don't care about those
41:48
other things because there's only one thing that has true
41:51
digital scarcity. You can only have digital
41:52
scarcity once. Everything else is a copy of
41:54
that. I don't care what anybody else
41:55
says. Anything else that you have is
41:57
just some sort of it's a joke. And if you talk about games,
42:01
there's only one Magic The Gathering.
42:02
Everything else pales in comparison.
42:05
There are other games, yes, but when it comes to the market
42:07
share of trading card games, there is one king in town, and
42:10
it is undeniably Magic the Gathering.
42:12
Period. End of story.
42:13
When there's talk, when we're talking about monies, there's
42:16
one king period. End of story.
42:18
And that is why BlackRock is talking about these other
42:20
things. They're not talking about build.
42:22
Whoa, look at my new cup. I've got a fancy company.
42:24
You can put $15 in it and I just put it on a frog's hat and then
42:28
I will turn it into Nfg's and loan to go to the buy.
42:31
And no, no, if you want to do that then have some fun, Okay,
42:37
have at it. But that is not what anybody in
42:40
the big leagues is talking about.
42:42
And the best part about the big leagues, your fidelities, your
42:44
exwise, whatever is talking about all these things is that
42:47
it gets people hearing about Bitcoin and it puts them back in
42:51
their head. I've got a little news clip,
42:53
blip, blip here, coming up here in a second where another very
42:58
large country has somebody else that's going to be talking about
43:00
Bitcoin. You've got Argentina talking
43:02
about it. You've got El Salvador, not a
43:04
big country, but it the word is getting out there.
43:07
The Overton window is shifting. People are seeing all around the
43:10
world, even in the US where we have some of the strongest money
43:14
in the world. Other places are pales in
43:17
comparison. They know the effects of
43:19
inflation. Argentina has defaulted on their
43:21
debt something like 9 times in the last 30 odd years.
43:24
They know exactly what that feels like.
43:26
I was reading an article about a family that's trying to decide
43:29
do they go to this event or do they buy the food that they
43:32
right now? Because if their money is is
43:34
rotting in their hands as as they speak, every time they get
43:37
a paycheck they have to spend it immediately.
43:39
We don't feel that quite that to that degree in the US it it's
43:43
it's more frog in the boiling pan.
43:45
We noticed it over years, months in time.
43:47
But I have every almost every day that I work at my feet at
43:50
mind job. I have somebody say boy, I
43:52
should sure have gone up boy I remember when that was half as
43:55
much just a year ago. What the heck happened?
43:57
And people are starting to be aware that there is a cancer in
44:02
the system. There is a deep systemic
44:05
problem, and sooner or later people start looking for a
44:09
solution. You can go on limping along on
44:11
your rotten foot for a while, but at a certain point, when the
44:14
foot falls, off you go, boy, this is a problem.
44:17
If I want to be able to walk, I'm going to have to be able to
44:19
do something about this. I need to fix this problem.
44:22
And sooner or later people are going to realize the Bitcoin is
44:26
the fix to that problem. There's just there's no way to
44:30
to to not see it. Couldn't agree more and and you
44:33
said it, you said it best and we say it all the time and the
44:36
Overton window is it has obviously shift.
44:39
But I think few people understand like how slow you
44:42
have to inch over to the Overton window, cuz if you move too
44:46
quickly things break. And I know we get impatient.
44:49
And also the frogs and boiling water meme like you.
44:53
You can't tell in real time how the Overton window has shifted,
44:56
but it very obviously has shifted and we're here for this
45:00
man. This next bull runs gonna be lit
45:01
anyways. Let's get into the culture,
45:02
guys. The Daily Culture.
45:08
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Before moving forward though, guys, we are going to be at
45:35
Pacific Bitcoin this conference. So hey, if you're on the West
45:38
Coast of the United States and you're not in Europe, make it to
45:41
the Pacific Bitcoin Festival October 5th through the 6th in
45:44
sunny LA. In California, yes.
45:46
Yes, I know you guys don't like California, but LA is beautiful.
45:49
In October. There's gonna be fun.
45:51
Last year, this conference, well, sorry, festival was super
45:54
lit. I think they're going to do an
45:56
even bigger and better job this year.
45:58
So definitely get yourself a ticket here.
46:00
We want to see you. We will be there.
46:03
And of course, the ticket prices will probably increase.
46:07
So get yourself a general admission for $600, a VIP ticket
46:10
for $2900 and we will be in. LA October 5th through the 6th
46:17
and sunny LA. Anyways, Dell, the floor is all
46:19
yours. What are we talking about today,
46:21
bro? Real quick, before I get into
46:23
the news, I'm excited to announce the secret speaker that
46:26
nobody has announced. We're going to break the news on
46:28
Wednesday. Yes.
46:31
Yeah, there. Huge breaking news.
46:33
Big of true big big big big. Oh, it's true.
46:37
Well, OK, it's not 100% confirmed, but it's like 98
46:41
percent, 98.72%. OK, so in the news I got a
46:46
preface this story because there there are certain parts of it
46:51
that I'm not going to touch on because people are probably
46:54
going to have strong opinions one way or another.
46:57
So I'm going to just touch on some of the facts here and not
47:00
so much the reason behind the facts.
47:03
So here we go. Viktor Orban, no tax for
47:06
Hungarian woman with four or more children.
47:08
Now we need to go over to this real quick.
47:10
Here, this top 20 countries with the fastest population declined
47:14
by 2020 or from 2020 to 2050. And Hungary is right up there at
47:18
#14. So between over the next 30 odd
47:21
years, they're going to see a population decline of 12.3%.
47:25
That is massive. It's nowhere near what Bulgaria
47:27
is going to experience, 22.5, but it's still pretty
47:30
significant. So here Viktor Orban is telling
47:33
women, hey, if you have children, to help the population
47:35
issue. I'm not going to get into
47:37
necessarily why he's saying that, but this is a fact here.
47:40
You're going to get a tax break, Hungarians.
47:42
But Hungary's populist Prime Minister Viktor Orban has
47:46
promised that women who have four or more children will never
47:49
pay income tax again and move aimed at boosting the country's
47:53
population. Scroll down a little bit here.
47:56
Demographic decline is a problem in many societies in Central and
47:59
Eastern Europe, as we can see right here.
48:01
Yeah, Bulgaria, Lithuania, Latvia, Croatia, all over the
48:04
place here, Albania, I mean huge, huge populations of
48:06
crimes, all of them over double digits.
48:10
Romani. Bulgaria in the last eight years
48:12
has seen their ascension to the EU for higher salaries in
48:16
Western Europe. This combined with a low birth
48:18
rates has contributed to shrinking populations and fueled
48:22
fears of dying communities across the region.
48:25
Yeah, if you don't have people coming and being born, then
48:27
they're you're going to cease to exist as a people.
48:31
Norman has declared the main focus of his current term in
48:33
office to be the demographic situation, and his government
48:36
launched a public consultation last year, mailing
48:40
questionnaires with a number of leading questions about my
48:43
migration and family policy to every Hungarian household.
48:47
On Sunday, he announced the number of measures to support
48:50
larger families, in addition to the lifetime income tax break
48:54
for women with more than four children.
48:56
We also promised favorable mortgage terms for families with
48:59
multiple children, support for families with three or more
49:02
children to buy a car, and increased funding for daycare
49:05
centers and kindergartens. And the thing that really stood
49:08
out to me here is how once again, the topic of money is
49:12
coming up and how to change incentives.
49:15
And this is 1 area that we're seeing it.
49:17
He wants to increase the population of Hungarian people
49:21
by encouraging women to have children.
49:22
That's the best way to get babies, is to encourage women to
49:25
have children. And if you can give them a tax
49:27
break to do as much, then who knows what'll what'll come of
49:30
that? I will be.
49:32
It'll be interesting. I am interested to see what
49:34
comes of other countries doing similar things, offering tax
49:37
breaks, doing different things to get to to incentivize their
49:40
populations to do different things.
49:42
Now, that other bit of news that I touched on here, I don't know
49:45
how much of a chance this woman has of winning this race.
49:49
But here, if we look right here, after proposing to make Bitcoin
49:52
legal, Tinder in Mexico, Senator Indra Kempas, who we've heard
49:55
about a few times here, is now running for president in 2024.
50:00
Pro Bitcoin candidate won our Gina.
50:02
They're talking about Javier Miley.
50:04
They're pro Bitcoin candidate won Argentina's presidential
50:07
primary elections. Now pro Bitcoin candidate
50:09
running for president in Mexico. Notice it.
50:11
Notice a trend? Yeah, we are noticing A trend.
50:14
This is what we were just talking about with BlackRock.
50:16
These are all, all of these individuals.
50:19
Argentina. Javier Miley is talking about
50:21
Bitcoin here. Indira Kempus probably pitching
50:26
that name, but Indira Kempus is talking about Bitcoin trying to
50:28
make it legal tender in Mexico. These are huge, huge things
50:32
where we're the what is the population of Mexico?
50:35
It's millions of people. I think it's far larger than of
50:39
the US that's that's for sure. Population of Mexico.
50:44
The point that there's 1.2 million, I'm sorry, not one
50:48
point 226 million. So it is, it is less than the US
50:52
but the thing that is, is so significant about these
50:54
individuals getting on stage and talking about Bitcoin is that
50:59
they're bringing the awareness of Bitcoin to people.
51:02
If you get on stage and you talk to half that because the half
51:07
the population pays attention to you, that's 60 odd million
51:10
people that go, huh, they have the that that inception, they
51:13
have the the ear bug of Bitcoin in their head now and they hear
51:17
about it now. Now they're a little bit more
51:19
aware of it, and it kind of causes this blue car syndrome
51:22
where now that you've heard about Bitcoin, it's going to
51:25
stand out a little bit more when your friend mentions into you.
51:27
And then if that Indra campus says a few things that you like,
51:30
you go, boy, that makes a lot of sense, Yeah.
51:32
Why do we have a, a central bank that is printing money and has
51:35
the legal right to counterfeit money when I have to go and work
51:38
for it? Yeah, that doesn't make a whole
51:40
lot of sense. Why are so many family members
51:42
and people that I know trying to go to the US where they do have
51:45
a a lower rate of inflation there.
51:49
I I mean I remember back in the day I don't know what it's it's
51:51
like now. But back when I was a kid I
51:52
remember people kind of jokingly talking about the pesos and how
51:56
you could get I don't know what it was but hundreds or thousands
51:59
of pesos for for a few dollars. And I'm I'm thinking how, how
52:02
does that how, how does that make sense?
52:04
How how do people afford to do anything there?
52:07
Or I or thinking that I'd be a a millionaire if I went down to
52:09
Mexico when I was a kid or something with a few bucks.
52:12
But it all that happens when you have a whole bunch of pesos or
52:16
millions of them is the things just cost more.
52:18
You just it's not that you can go down to Mexico and buy a home
52:22
for $3. No, you just have to have
52:24
millions or millions of pesos or whatever it is these days.
52:27
So if you've got somebody that is pro Bitcoin, you do, we do in
52:31
Deer campus talking about Bitcoin to a population of over
52:35
100 million people, then the word of Bitcoin is just going to
52:39
get out there more and more and it is getting out there more and
52:42
more. I have no idea what this does
52:45
for the price. And that's one thing that a lot
52:47
of people think about when they hear about Bitcoin being talked
52:50
about, oh, this is so good for the price.
52:51
Oh, this is so good for the price for my local Fiat
52:53
currency. What does it matter what it what
52:56
good it is for the price of the local Fiat currency when the
52:59
Fiat currency can be printed into based into oblivion?
53:02
That is what we're constantly talking about.
53:05
If the price of Bitcoin goes to $5,000,000, who cares Because
53:10
you're not ideally, you're not selling your Bitcoin.
53:13
I mean, you can, I'm, I'm not going to tell you what to do
53:15
with your money. This is not financial by by any
53:17
means. But if homes go from let's say
53:20
500,000, half $1,000,000 on average, or a million, whatever
53:24
it is in the US on average, depending on where you're
53:27
looking, obviously. What does it matter if if you're
53:30
making $300,000 an hour, when when hyperinflation has happened
53:35
in in a burger cost $10,000 or now to get it fill up your tank
53:41
of gas, it costs $100,000 because it's been inflated
53:44
inflated into oblivion. It's so the price in Fiat really
53:48
doesn't matter. It's it.
53:49
I guess it's an interesting anecdote it's it's kind of a a
53:54
fun little factoid but the only the only reason that the price
53:59
in Fiat matters is how much you're getting in Fiat dollars
54:02
right now from your Fiat mind jobs, which many of us have.
54:05
Not all of us, but many of us have if you if you can transfer
54:08
some of that and you can into Bitcoin, how much Bitcoin can
54:12
you get for those Fiat dollars currently?
54:13
Because that price, that difference is just going to
54:16
decrease over and over and over and it has decreased.
54:19
I mean you could get millions, hundreds of millions of
54:23
satoshi's back years and years ago for a few bucks, but now you
54:27
can't. You can get 1000.
54:29
Can you imagine what it would have been like back in 2000 and
54:33
say 1112 where you could have for 20 bucks get today what cost
54:38
you 10s of or hundreds of thousands of dollars.
54:40
But that's just going to keep on happening.
54:42
The problem is that so many people see the price now and
54:44
like, oh I missed out, they look back in time.
54:47
Oh, it's like the the there's some name for it but it's like
54:50
the the, the lottery syndrome where you go, boy, if I win the
54:54
the the the lottery, I could do all this stuff.
54:56
You look back in time, you go, boy, if if only I put $1000 into
55:01
Amazon back when they first got started.
55:03
I'd be whatever an air right now.
55:05
I'd have so much money if I if I could go back in time I'd buy so
55:08
many Apple stocks and I put money into NVIDIA and I do this.
55:12
Why? Why?
55:13
So that you can sell it for more of that garbage that is just
55:16
going to go down in price. That's, that's what people seem
55:19
to to fail to understand is that the money that you're so
55:23
coveting is trash. It is trash.
55:26
It's just being made on a daily basis.
55:28
It's like throwing rocks into the ocean to be turned into
55:31
sand. And like, boy, one day I'm going
55:33
to get so much sand from that rock, We'll look all around you.
55:36
There's unlimited amounts of sand on the beach right now.
55:39
What are you so excited about that rock turning into sand?
55:41
When you get as much of it as you want, who cares?
55:43
It's sand. It's trash.
55:45
It's not worth anything. It's only worth what the other
55:48
people say it's worth. Whereas Bitcoin is going to be
55:50
what it is. It can't.
55:52
It doesn't change. But if you could buy huge swaths
55:55
of land and use that and transact with it and put it into
55:58
your wallet and use that as money, that'd be a really great
56:00
idea. But we don't know how to do
56:02
that. There's no way to put land,
56:04
which there is a finite amount of into our wallets, actually
56:08
carry around in our back pocket and walk.
56:09
I'm going to give you 3 acres of this parcel in Arizona and I
56:13
also have some sections in Montana.
56:15
You can't do that, but you can do something that is somewhat
56:19
similar with Bitcoin. So to wrap this up, I think the
56:23
point of more and more people understanding how money works
56:26
and what it is is just going to get more and more simplified.
56:29
I've got a video coming out here later on this week.
56:32
I'm talking about proof of work, describing it with monkeys, with
56:35
typewriters. Then if you can understand a
56:37
monkey eats bananas and you can understand a typewriter, it's a
56:43
mechanical machine. If you get words then you can
56:47
understand proof of work. If you can't understand monkeys
56:49
and typewriters, you know then I don't even know what to tell
56:55
you. I seriously best of luck.
56:59
It's going to get. It's going to be rough out
57:01
there. It's it's like that that that
57:03
line in the in the Professional where Jean Reneau tells Natalie
57:07
Portman she says does life get easier And he goes don't like
57:11
it's harder just gets worse. So if you can't understand
57:14
monkeys and typewriters it just gets worse from here friend.
57:17
It's it's just. It's well, well, well before
57:22
before I get my take on this, uh, I absolutely love Dell's
57:26
storytelling in the Voices. It adds a whole new dynamic to
57:29
the show. But anyways, guys give us three
57:31
more likes so we can hit that 100 likes before the first hour.
57:35
And I think our streak will continue for like the last
57:38
month. So I see you guys.
57:40
We're almost there, shouts out to everyone in the chat.
57:42
That as well, that is pushing that, but OK, let's get into
57:45
this. I mean in the beginning you
57:47
covered that story of it, I believe you said in Hungary.
57:50
But it just continues to expose the idea that we tell you guys
57:54
constantly Fiat's incentives are broken.
57:58
The Fiat system has a way to incentivize you to do the worst
58:02
things, even though here like it's kind of a good thing, like,
58:05
you know what, we're going to kind of separate the two, but.
58:08
I say all that to basically say that the Bitcoin's incentives
58:11
are broken. They they constantly show that
58:15
they incentivize you to not only improve your life, but by you
58:19
improving your life. A selfish need of you self.
58:22
No what what do I always say? It's enlightened self-interest,
58:28
incentives of helping your life get better.
58:31
It helps everything else by just by default.
58:34
And this is, this is the way moving forward guys, you need to
58:37
have some capital, you need to have some savings, and Bitcoin
58:39
incentivizes this so that you know you don't need these tax
58:42
breaks. If you have a family, you have
58:44
good financial planning and you know, I know it's hard for
58:48
everyone. I was, I was, I still probably
58:50
am bad with Fiat money. But when it comes to Bitcoin,
58:53
it's it's a lot more. I know it's easily saveable
58:56
anyways, but guys, one thing's clear.
58:59
Money is a topic of contention around the world.
59:01
People are feeling the pain and people are looking for
59:03
solutions. And this is what I say all the
59:06
time. Most of the world knows the
59:08
problem. I think everyone can talk about
59:10
what the problems are, but few people know what the solutions
59:13
are. And of course we started this
59:14
with Jackson Hole in Wyoming and the central bankers talking
59:17
about their solutions to fix the problems.
59:19
Those solutions don't work. What's Nico?
59:22
We say there is no political solution for this.
59:25
And hey, I don't know about you, but banking is probably one of
59:27
the most political classes out there.
59:29
Guys, it's all politics. This is why I know we get a lot
59:33
of Flack here on the channel because they say like, oh, you
59:35
guys talk about politics too much.
59:37
Bitcoin breaks politics. You know, politics are
59:39
irrelevant in regards to Bitcoin.
59:40
I fully agree. But at the very end of the day.
59:43
There will be politics moving forward from here until probably
59:47
the end of time. Politics is just a way to
59:48
organize humans, and I think there will always be politics,
59:51
even if it's just on an interrelational level between
59:54
you and the people that you interact with.
59:56
But anyways, I think the point remains the same.
59:59
And I I I always butcher her name.
1:00:02
What? What's her name?
1:00:03
Indra. Indira campus.
1:00:06
Indira Campus and you're You're Latin?
1:00:09
I thought you could. Did my I I can't roll my arms.
1:00:11
I'm a pretty bad Latino. But you know, just because I'm
1:00:15
born there. I'm an American, bro.
1:00:16
Listen to my accent. You know I was born in Mexico.
1:00:19
But no, I didn't. I'm.
1:00:21
I'm trolling anyways. The point is, is that the
1:00:26
Bitcoin signal is spreading. And as the Bitcoin hope signal
1:00:30
spreads, more people are looking for solutions.
1:00:34
Again, we all know what the problem is, and as you guys out
1:00:37
there live a better life, people will look to you and ask
1:00:39
themselves, how are they living so good?
1:00:41
How are they so hopeful? How come they aren't struggling
1:00:44
like the rest of us? And it's because you've opted
1:00:46
out of the Fiat games and you hold Bitcoin and you've
1:00:49
unplugged from the Fiat system. And then, once you build on the
1:00:52
Bitcoin standard, once you save in Bitcoin, your life improves.
1:00:56
And you're seeing that Indira as well as Melee in Argentina.
1:01:01
And I think we heard some grumblings about this same thing
1:01:04
happening in Guatemala. We're seeing that Latin America
1:01:08
is looking to change things up. They understand what we
1:01:11
understand. The I MF is a racket and the
1:01:14
Bukelle Effect is in real time happening around the world.
1:01:18
And people are looking to El Salvador, and they're wondering,
1:01:20
wait. I can get myself out of the debt
1:01:22
as well. Wait, what's going on here?
1:01:24
I don't have to take the IMF debt so that I can continue to
1:01:28
build infrastructure in my country.
1:01:30
Like, wait, what is actually happening?
1:01:32
And Bukelle continues to prove to Latin American worlds, to
1:01:36
third world countries around the world, that, hey, if you add
1:01:39
some Bitcoin to your balance sheet.
1:01:41
Your life might improve. And again, this next bull run is
1:01:44
going to vindicate not only Michael Saylor on the corporate
1:01:47
level, but Bukelle on the nation state level.
1:01:49
And more and more people are stacking and going to stack
1:01:53
Bitcoin. And it really is going to be
1:01:55
beautiful to see countries you know, like like my whole nation
1:01:58
or my my, my the motherland, my birth nation of Mexico.
1:02:03
To get on the Bitcoin standard. I know my mother would be pretty
1:02:05
proud. But hey, I'm an American.
1:02:07
Listen to this accent, you you already know I am America first.
1:02:09
I love America, but. You are The Walking billboard
1:02:13
for the Bitcoin revolution. Hence why corporate press is so
1:02:16
negative towards whether Buchele and El Salvador, whether it's
1:02:20
sailor on the corporate level, whether it's just calling every
1:02:23
single one of us criminals because we want to save in
1:02:26
something that doesn't steal from us.
1:02:28
It's incredible that they are gaslighting the average person
1:02:31
out there, but this is where it's an opportunity for us to
1:02:34
show up every single day, to have these conversations on
1:02:37
YouTube, build a place for people to.
1:02:40
Get educated, get entertained so that they can find out the real
1:02:44
solution to the world. And then of course the calls of
1:02:46
actions that you guys do with your friends and family.
1:02:49
I know I actually there a little tidbit story.
1:02:52
There was a there's a running theme at at Bitblock boom.
1:02:55
I think all my Bitcoin friends have become a little jaded and
1:02:58
we're like, man, you know I don't really have conversations
1:03:01
with people about Bitcoin anymore.
1:03:02
Like I don't force the Bitcoin message on them.
1:03:04
I kind of. Allow a space for them to come
1:03:07
to me and know that like, hey, I'm the Bitcoin guy.
1:03:11
Like I have the solutions. I'm living a good life.
1:03:13
I I want you to, you know help yourself.
1:03:16
But again, you you have to help yourself 1st.
1:03:19
And and unless people are interested, you might.
1:03:24
You might be better off by just, you know, living a good life,
1:03:26
providing value in different areas.
1:03:28
Fiat, mine, all that good stuff because.
1:03:31
You know, people can only orange pill themselves and that's kind
1:03:33
of one of the the themes that I got over the weekend.
1:03:36
It's like orange Pilling is an individual thing and the person
1:03:40
will have to want to be orange pilled.
1:03:42
And again, usually the best way for this to happen is for them
1:03:46
to feel the pain. And as we can see, everyone is
1:03:48
feeling the pain. Man, Viking goes laughing.
1:03:51
My boy Viking goes laughing in the chat.
1:03:53
He gets it, he gets it, but man. You guys protect yourself,
1:03:57
saving Bitcoin, enlighten self-interest, Make sure your
1:04:00
Bitcoin is in cold storage. Do not leave that Bitcoin on an
1:04:03
exchange. But moving forward, it's going
1:04:05
to become very clear that people need to stack Bitcoin because
1:04:09
they're getting poorer and this is what will wake the world up.
1:04:12
Why is my dollar not going as far as it used to?
1:04:16
Is there solutions to this? Yes there is.
1:04:19
It is simply Bitcoin and people will have to feel that pain.
1:04:22
So hey. Just build it and they will
1:04:25
come, guys. And this next bull run, I think
1:04:28
will very clearly prove that. Anyways, guys, let's get into
1:04:31
the meme review because he watched his whole show just to
1:04:33
get to the meme review. The Daily Meme Review.
1:04:40
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start your mining journey today. Kaboom racks.
1:05:04
Kaboom racks, hold on. How's Matthew Ji think Opti
1:05:11
should wear a T-shirt, tuxedo and a Bitcoin hat?
1:05:15
I wasn't gonna say the kaboom racks, but in a really weird
1:05:17
voice. Go on, kaboom, kaboom.
1:05:24
I was low key trolling at a bit block.
1:05:27
Boom. Well I was saying I'm I'm gonna
1:05:29
I'm going to troll everyone and start wearing a you know a suit
1:05:32
on the show because everyone knows I'm a professional
1:05:34
bitcoiner now and and you know I think suits mean something or no
1:05:38
no I'm just joking guys. Maybe one day maybe one.
1:05:41
Anyways, this is the main review where you guys send us memes on
1:05:44
Twitter. Tag me at Simply Bitcoin TV,
1:05:48
give me your your favorite memes or tag your favorite memes memes
1:05:52
at Simply Bitcoin TV and I will get them on the show or tag my
1:05:55
personal optimist fields. And I will get them on the show.
1:05:58
Of course you can also drop them in our telegram group.
1:06:01
T dot me slash simply Bitcoin. I look in there every morning
1:06:04
and try to get some memes guys. But hey make the memes, get the
1:06:07
calls of signals out there, tweet to the bullets memes of
1:06:09
the artillery. We are in an information war and
1:06:14
we have truth on our side. Anyways, 1st meme is by our boy,
1:06:19
the BTC therapist, and he goes we won't stop buying Bitcoin.
1:06:22
And we have Jerome Powell looking kind of concerned.
1:06:25
He's got the Federal Reserve logo behind him.
1:06:27
Because you think this is funny, that the world is getting more
1:06:30
poor and we don't have a solution and we have to go to
1:06:34
our symposiums to try to figure out the solution.
1:06:37
And yet we don't know what's going to happen.
1:06:39
And it's the Joker laughing. Bitcoin is yes, I do think it's
1:06:42
funny, and I'm tired of pretending like it's not.
1:06:46
We have the solution. It is Bitcoin.
1:06:47
Anyways, the next meme is by Lena Sishay and she goes don't
1:06:50
be that guy. With a concerned emoji.
1:06:53
And we got the Bitcoin logo here and he goes, I give you the key
1:06:57
to my heart and it's a private key and the logo goes treat it
1:07:01
well And this is the new coiner out there and you give them the
1:07:05
key to your heart, which is the private keys.
1:07:07
And then they go and they give the private keys to the exchange
1:07:10
and they leave their coins on the exchange.
1:07:12
And the Bitcoin logo is just like, what is going on here?
1:07:16
How could you betray me like this?
1:07:18
Take your Bitcoin into cold storage.
1:07:21
This is the way guys. And this next one is by our boy
1:07:23
Yellow AKAICO Offender 2 on Twitter.
1:07:26
And it this one. The last two memes kind of
1:07:29
connect together and I'm sure you guys have been hearing the
1:07:31
rumors about Bynance and all the stuff going on and it's a little
1:07:35
murky waters out there. Are they following FTXI?
1:07:39
Don't know what's going on. Anyways, Yellow puts a meme here
1:07:41
and goes Bynance and CZ whenever they see someone withdrawing
1:07:44
their coins, and it's a picture of The Sopranos gang just
1:07:48
sitting there concerned like. No, don't take your Bitcoin.
1:07:52
It's it's more trustworthy. With me, your funds are soft
1:07:55
food on finance. Trust this guys.
1:07:57
No, you do not trust them. Take your Bitcoin into self
1:08:00
custody and let them look grimy at you all you want.
1:08:03
It doesn't matter. And again these last couple
1:08:06
memes are connected in a way. Shouts out to my boy Ruston, AKA
1:08:10
sets for life and he goes, he's got a meme here.
1:08:13
It looks like it's not necessarily a Bitcoin meme, but
1:08:15
we got a guy here with like, a. Son for a head and it goes.
1:08:19
No matter what society says it's OK to be like Nah that ain't for
1:08:22
me. And then Ruston goes then
1:08:24
continue to stack sats and give the state the middle finger.
1:08:27
Hashtag Bitcoin Guys, it's OK to opt out.
1:08:30
It's OK take your Bitcoin in the cold storage.
1:08:33
This is the way. Anyways on another note again
1:08:36
you know we try to avoid politics as much as possible but
1:08:39
I absolutely love on this is meme here AKA at son of sats.
1:08:42
I'm sure you guys saw the Trump mug shot.
1:08:46
Over the weekend, the weekend was rife with political
1:08:50
contention. There was a debate, and then we
1:08:52
had Trump's mugshot. And it's kind of an epic
1:08:55
mugshot, but like, people are concerned about it.
1:08:59
Anyways, our boy undress did a meme.
1:09:02
And it's the Trump mugshot. And you guys, I'm sure you guys
1:09:04
saw the mugshot. And it goes, my Fiat banker
1:09:07
every time I empty my account to buy Bitcoin.
1:09:10
Trump mug shot. Yes, this is the way, OK.
1:09:13
And then doubling down on that, take shots at the Avery huddle
1:09:16
and he goes what it's like to not watch political debates and
1:09:19
huddle Bitcoin. And we got this Pepe the Frog on
1:09:23
Rollerblades, and he's just chillin, you know, He's got his
1:09:26
musics playing. He's vibing.
1:09:28
He's dancing. The world's blowing up around
1:09:31
him. You know everyone's getting
1:09:32
poorer, but you are safely in Sats.
1:09:34
Your life is getting better. You are looking to find ways to
1:09:39
get more Sats to build your cash flows up, to get your Bitcoin in
1:09:45
code storage to opt out to get fit.
1:09:49
Moisturized in your own lane. Unbothered, unfazed.
1:09:52
This is the way finding Bitcoin Zen.
1:09:55
And here's a perfect example of it.
1:09:56
A GIF. Just rollerblading through the
1:09:58
chaos, listening to your favorite songs and stacking more
1:10:02
sets. Anyways, guys, drop your meme
1:10:05
review in the chat over there and I will cover them live
1:10:08
again. I I forgot the music, but hey,
1:10:10
it is what it is. Before I do that though, do you
1:10:15
have a score? Actually, I know what my score
1:10:17
is. I'm going to give you.
1:10:19
My bitlock Boom. Hey, what do you call this pass
1:10:24
with my really bad handwriting. As you can tell guys, I am
1:10:28
basically like a 12 year old. I can't write for any anything.
1:10:32
I can't. I can't write in my life
1:10:34
depended on it. All right, Dell, what is your
1:10:36
meme review score for today? I'll I'll I think I've used this
1:10:41
before. Maybe.
1:10:41
But I will give those memes an earbud.
1:10:45
Google. Pixel.
1:10:45
Whatever earbuds score wireless earbuds are They're a game
1:10:50
changer. I'll tell you what.
1:10:51
I I agree though. I'm again, you guys know me.
1:10:56
I fall down some conspiracy routes on Twitter.
1:10:58
I just like to watch them. Someone tell me in the chat is
1:11:02
is the is the Wi-Fi Bluetooth frying my brain or am I good to
1:11:06
go? Because that's what people are
1:11:08
telling me. But I'm a huge wireless
1:11:11
headphone maxi. But anyway, listen to some of
1:11:14
that stuff as well. Are we frying our brain?
1:11:17
Are we frying our brains? I don't know.
1:11:19
Anyways, who knows I I went let's.
1:11:24
I don't know if you guys like Chance the Rapper, but this is
1:11:26
some coach you know, fried too many brain cells now to be
1:11:28
worried about my brain cells now.
1:11:30
So anyways, anyways. This 1st meme review scores by
1:11:36
Dennis Lassen and he goes meme score.
1:11:39
I give the joker meme scream. I want to know Dell do you have
1:11:43
a Bitcoin tag to like me? If no, why not?
1:11:45
Why are you waiting for? You are a tattoo guy.
1:11:47
Blood in, blood out. Why?
1:11:49
God, I've answered him like five times in chat I told him I don't
1:11:53
have a Bitcoin tattoo. If that doesn't make me a full
1:11:54
blooded bitcoiner, then I don't give a shit.
1:11:57
Well, I don't have a Bitcoin. He's been he's been trolling me
1:11:59
too for a for a minute but I don't do tattoos.
1:12:02
I don't do tattoos so never going to happen bro.
1:12:04
Appreciate it. Anyways next meme is by our boy
1:12:07
Mike Hobart and he goes I give these memes a score of my fresh
1:12:10
ass simply Bitcoin bitblock boom tshirt let's go Yes we we we
1:12:17
were giving a few out to the team shouts out to everyone that
1:12:21
supported us there. We do have more.
1:12:24
We still having some issues with our store guys so forgive us.
1:12:28
We are going to get that updated for you guys this week.
1:12:32
We're we're making sure that this is this is rolled out
1:12:35
easily. Of course we soft launched it
1:12:36
there was some some problems over the weekend but we're
1:12:39
fixing it guys. We love you appreciate the
1:12:41
support. Anyways, next meme is by Andrew
1:12:43
Williams and he goes, I give that mean a mind bugling freth.
1:12:49
Brush hair #Abdi can't speak? Yes.
1:12:55
OK all right. Next meme review score is by
1:12:59
Elaine. Good morning, Elaine and she
1:13:01
goes. Score, BlackRock, the Fed, Bank
1:13:03
of International Settlements, etc, etc.
1:13:05
Becoming irrelevant as Bitcoin takes over and orange becomes a
1:13:09
new red, white, and blue. Love it.
1:13:12
OK, next meme review scores by Igor and he goes.
1:13:15
I give those memes my favorite moisturizer.
1:13:18
Yes, unbothered. Wait, wait.
1:13:20
What was that? Dale?
1:13:21
Did you pull one up? What was that?
1:13:23
Which one was that? More opsec like me have a
1:13:26
Bitcoin of tattoo on your head? Why would why would people want
1:13:30
to go around telling everybody, hey, I've got Bitcoin use a $5
1:13:33
wrench to smash my face in? Like, come on, no.
1:13:36
Dude, some people like to live dangerous.
1:13:38
Anyways, Bitcoin puritan, I give the memes a pad of post it notes
1:13:42
on a tiny pallet. Okay.
1:13:45
OK, Oh, wait, Elaine, Elaine told us Earbuds Bad.
1:13:49
Save yourself, maxi. No.
1:13:52
OK, Wrecked. All right, Matthew J goes.
1:13:54
I give these memes a tshirt tuxedo.
1:13:57
OK, I might have to get one for the culture.
1:14:00
All right, Roman, score. Stack harder, guys.
1:14:03
You heard it here first. Stack harder.
1:14:06
OK, Mclovin meme score. Stack heavy stats while they're
1:14:10
on sale. Your future self will thank you.
1:14:12
Yes, yes, this is the way, guys. This is the way.
1:14:15
All right. Well, we appreciate it guys.
1:14:17
As you guys can tell, this is simply Bitcoin.
1:14:19
Just your host hopty Opti host, Hopty host Opti, Nico's away
1:14:25
till I think Wednesday. But the show goes on.
1:14:28
We will continue to give you guys a signal.
1:14:30
Anyways, Dale, what do you, what do you have in the books for?
1:14:33
For the Twitter timeline? For the what?
1:14:36
The Twitter? Oh, wait.
1:14:37
I don't know. Well, Twitter timeline and
1:14:38
YouTube timeline. What?
1:14:39
What are the clips you're dropping this week?
1:14:41
Bro, I've got a clip where I'm answering two questions.
1:14:44
Somebody asked a question video a while ago.
1:14:47
They asked about UTXO management and then why Bitcoin is better
1:14:51
than some other gobbledygook nonsense.
1:14:53
And I answer both those questions and then that proof of
1:14:58
work as described with monkeys and typewriters.
1:15:03
I'm looking forward to that one. I hope people enjoy it.
1:15:06
Let's go. Hold on before, before I go on
1:15:10
Dennis trolling me, it's about spreading the truth.
1:15:13
It's Bitcoin or slavery. We all do our part.
1:15:16
Yes, this is the way. All right, all right.
1:15:18
Anyways, Dale, appreciate filling in.
1:15:20
Actually, Dale's coming back Wednesday, so you're going to
1:15:23
get a lot of Dell this week. Anyways, guys, we love you.
1:15:26
Appreciate the support. Like, share, subscribe.
1:15:30
Just come here. Hang out with us.
1:15:32
That's all that matters to us. Spread this to your friends and
1:15:35
family. But we'll be back tomorrow.
1:15:38
Come hang out with us on spaces. Peace out, guys.
1:15:41
We love you. All right?
1:15:53
You already know. A little clunkier when I'm doing
1:15:55
all the production, but hey, it is what it is.
1:15:57
Let's go. Fresh off bit block.
1:16:01
Boom. We're back.
1:16:04
We should be back to our normally scheduled programming.
1:16:09
It was a hectic weekend, hectic weekend.
1:16:11
We put in, we put in the, we put in the hours guys.
1:16:14
I think. I think that's the.