Latest / Simply Bitcoin / Saylor: Bitcoin is SUPERIOR Money Explained by Fidelity | EP 844

Transcript

Saylor: Bitcoin is SUPERIOR Money Explained by Fidelity | EP 844 · Simply Bitcoin

• 0:09
  It's all going to zero against Bitcoin.
• 0:13
  It's going up forever. You're.
• 0:22
  Against Bitcoin, you're against freedom.
• 0:26
  Yo, welcome to another episode of Simply Bitcoin Live.
• 0:30
  We are we are your number one source for the peaceful Bitcoin
• 0:33
  revolution. Cover breaking news, culture.
• 0:34
  Matic Warfare. We will be your guide through
• 0:36
  the separation of money and state.
• 0:39
  Crazy news. Opti started covering this
• 0:41
  yesterday and I wanted to cover it again because it is it is
• 0:45
  massive, massive news. So Fidelity wrote a report, and
• 0:50
  the name of the report was Bitcoin First Revisited.
• 0:54
  Right, this is something that they've talked about in the
• 0:56
  past, but again, this is a this is one of the largest asset
• 1:00
  managers in the in the world. They have $4.5 trillion under
• 1:05
  management and they are saying the quiet part are allowed.
• 1:08
  In fact they are siding with bitcoiners.
• 1:10
  They are saying what bitcoiners have been saying for have been
• 1:13
  screaming from the rooftops for for a while now that Bitcoin is
• 1:18
  not crypto. Bitcoin is different than
• 1:21
  crypto. We we've covered the reasons why
• 1:24
  Bitcoin is the only thing that is truly decentralized.
• 1:28
  There is no bureaucratic elite that could change the rules of
• 1:31
  the game to benefit themselves. There is no senior age.
• 1:35
  When Satoshi Nakamoto created Bitcoin, he or she or they had
• 1:40
  no expectation that Bitcoin was going to have any value.
• 1:43
  So it it was this sort of virgin birth, this virgin conception?
• 1:48
  Right. It was this experiment.
• 1:51
  And for the first couple of years, it really truly had no
• 1:54
  value until that infamous, I I call it infamous because I feel
• 1:58
  bad for the guy that, that did the transaction.
• 2:01
  But you know, the first Bitcoin, the first recorded Bitcoin
• 2:04
  transaction where this person traded 10,000 Bitcoin for, I
• 2:10
  think it was 2P John's pizzas, right?
• 2:13
  So you know every single cryptocurrency that has come
• 2:16
  since then. The founders, the creators knew
• 2:20
  that it was going to have value. So what tends to happen what has
• 2:25
  had what has happened is whether it's Ethereum, XRP, the original
• 2:31
  creators, they've kept the vast majority of the supply to
• 2:34
  themselves. So they've really used those
• 2:36
  projects to enrich themselves and and that's in stark contrast
• 2:40
  to Bitcoin, Satoshi disappeared. That was one of the most
• 2:43
  important things Satoshi has ever done.
• 2:45
  Is, you know, he created this, this he created or discovered
• 2:48
  depending on how you look at it, this amazing freedom technology,
• 2:53
  freedom, enabling technology. And he disappeared.
• 2:56
  No one's ever heard from him again.
• 2:58
  And I think that's a good thing. I think that adds to the
• 3:01
  mythology of Bitcoin and I think it's it's really important for
• 3:05
  for for it to have this, this, this type of story, because I
• 3:10
  think that once you put a human being behind it.
• 3:15
  I think it it kind of takes away from the allure in a way, right.
• 3:19
  You know it it Satoshi Nakamoto has become this like
• 3:22
  mythological figure, so to speak, right.
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  It it it, it kind of almost reminds me of, you know because
• 3:29
  there was no video back then but I I guess this is the the
• 3:32
  closest comparison the founding fathers of the US right.
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  We all heard. We all know of George
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  Washington. You know George Washington, this
• 3:40
  George Washington that there's no videos of the guy, right?
• 3:43
  You can read what he said, but you don't really know, right?
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  And there's not even there's there.
• 3:50
  There's actually there. There isn't even a photograph
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  because there wasn't cameras back then.
• 3:54
  So it's all kind of oil paintings.
• 3:57
  So it kind of created this like, I don't want to say mythological
• 4:00
  figure, but it kind of is, right?
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  Did do people really know who the true George Washington was?
• 4:06
  And again, George Washington, like Satoshi in a way, did
• 4:12
  something extremely important. He was elected into power twice
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  and he walked away. He could have stayed president
• 4:20
  for life, therefore becoming a king.
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  But with all that power, he decided to walk away, and that
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  set a precedent. And that was one of the most
• 4:28
  important things he's ever done in his life.
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  So anyways. This is this is pretty crazy
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  that a, you know, this huge company, $4.5 trillion assets
• 4:41
  under management, is saying what bitcoiners have been saying is
• 4:44
  saying for years, Bitcoin, not crypto.
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  Bitcoin is unique. Bitcoin is special.
• 4:50
  And that's massive, because that report gets sent to a lot of
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  other very, very wealthy and powerful institutions, not to
• 4:58
  mention institutional investors as well, right?
• 5:01
  Michael Saylor was really, really hyped that this happened.
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  We'll we'll read you his his tweet and of course Fred Thiel.
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  And Fred Thiel is the the Chairman and CEO of Marathon
• 5:11
  Digital Holdings one of the largest mining companies,
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  publicly traded mining companies in the US So pretty, pretty big
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  news. We're going to talk about that.
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  We're going to break down also the other institutions that have
• 5:25
  shown interest in Bitcoin and if time allows.
• 5:30
  We are starting to see the creep of the attack on the so-called
• 5:40
  unhosted wallets. We're starting to see a creep of
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  that and we'll show you a screenshot.
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  This is something that not only have I seen through the
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  screenshot, but this is something that I've heard from
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  other people as well that use this particular exchange.
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  So and and I and I suspect that this will continue to
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  accelerate. As you know politicians lose
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  their control of money, their their monopoly on money and they
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  want to keep people using the money.
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  This is the theory that was talked about in the book the
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  sovereign individual with which we've referenced so many times
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  on this show. I think more and more people are
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  going to realize very, very quickly that either there is
• 6:20
  there just bitcoins, better money if people have a choice to
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  use the money. That doesn't decrease in
• 6:27
  purchasing power over time, actually increases in purchasing
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  power over time, is censorship resistant.
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  No one controls the monetary policy.
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  That's a oneway door. Once you become a bitcoiner, you
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  don't, you just don't go back to Fiat, right?
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  It's it's a it's a oneway door, right?
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  So I think what governments are going to try to do, the more
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  desperate they become as more and more people opt out, is
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  they're going to try to close those doors as much as humanly
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  possible. We saw that in Argentina when
• 6:58
  Argentina received the bailout from the I MF.
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  Part of the conditions of that bailout was for our the
• 7:06
  Argentinian government to deincentivize the adoption of
• 7:09
  Bitcoin in Argentina. Clearly, the established
• 7:13
  players, they fear this thing, to use Christine Lagarde's own
• 7:16
  words. A fear the escape valve.
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  And that's exactly what Bitcoin is.
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  All right, everybody, No more delay.
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  Let me bring my legendary cohost up on stage.
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  He's always optimistic. I saw a picture of two of your
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  exes. I think we're going to talk
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  about it during the meme review of Christine Lagarde and Janet
• 7:35
  Yellen together. I would bet like a whole coin.
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  That they were just talking shit about you the entire time.
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  They weren't talking about money.
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  They weren't talking about economics or nothing.
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  They were just like get some help.
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  Like Opti, Like wow, like like we got to roll out the Cbdc's
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  just to spite this guy. He broke our hearts, man.
• 7:58
  Well, you know, to be fair, they're probably not the only
• 8:01
  girls that are just talking smack about little old Opti.
• 8:04
  But hey, that's neither here nor there, Nico.
• 8:07
  But I'm really glad we are doing a deeper dive on this Fidelity
• 8:11
  report, because I really do feel that this is a very important
• 8:14
  paper. We were talking about it in our
• 8:16
  slack with with some of our other team members in it.
• 8:19
  It really does feel like it's just written by some Bitcoin
• 8:22
  maxi like it. It feels like it's written by
• 8:23
  like Pierre Ochard or Vijay Boyapati or like all the written
• 8:27
  works that we've been talking about.
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  And it has the stamp of fidelity on it.
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  And I just, I, you know, I say it all the time.
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  As much as we don't really believe in, like, the authority
• 8:38
  fallacy, the majority of people still kind of believe in that
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  idea, like it's coming from an established institution.
• 8:45
  Like this probably carries more weight than the stuff we talk
• 8:49
  about, even though we've been talking about the same thing and
• 8:51
  we always have the same talking points.
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  It's just it's absolutely a monster report.
• 8:57
  And again, I can't emphasize this enough.
• 9:00
  It's coming out at the very tail end of a bear market, guys, so
• 9:05
  the Bitcoin signal is spreading. More people are waking up to
• 9:08
  what we know to be the truest. Bitcoin is the best money in the
• 9:11
  digital world and everyone needs to hold some of it, especially
• 9:14
  considering how crazy the world is getting right now.
• 9:17
  And it seems like the the masses, the normies are, are
• 9:21
  losing their mind. I don't know if you guys been
• 9:23
  following along on Twitter, but everyone's losing their mind
• 9:25
  right now and it's kind of going into what I'm going to say in
• 9:29
  the culture. We kind of talked about it
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  yesterday with Dell and it's like what?
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  What can we really do right now as individuals?
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  And it's really the only thing you can do, is opt out of this
• 9:39
  madness. Saving Bitcoin.
• 9:41
  Make sure that you're physically fit, mentally fit, Make sure
• 9:44
  you're spreading the Bitcoin signal.
• 9:45
  Make sure your friends and family are downloading Bitcoin
• 9:47
  wallets, taking the best step forward and and really focusing
• 9:51
  on yourself right now because we've been telling you all bear
• 9:53
  market the same thing. Get your cold storage, set up,
• 9:57
  dialed in, you know run a node. Make sure you UTX O's are nice
• 10:03
  and orderly. Like, make sure you are in a
• 10:05
  good position right now because it is more important than ever
• 10:09
  that you guys are mentally and physically strong right now and
• 10:12
  you know where the world is going and of course we know
• 10:15
  where it's going. It's going to the Bitcoin
• 10:17
  standard, so it's only going to get rockier before it gets
• 10:19
  better. But you're already on the safety
• 10:21
  bullet guys. You know you're already on the
• 10:23
  the escape valve. So it's just, I feel good.
• 10:27
  Even though the world's going crazy, I feel great.
• 10:29
  I'm over here chilling with my family, enjoying life, join me.
• 10:33
  And I was hanging out at the beach yesterday.
• 10:34
  It was nice, man. Life's good and everyone's
• 10:36
  losing their mind. I I don't get it man.
• 10:38
  We need more people finding bitcoins.
• 10:40
  Then I guess is where where we're headed towards.
• 10:42
  But I don't know, Nick. I've rambled enough.
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  Let's get on the show. Yeah, man.
• 10:46
  And no, I think you hit the nail on the head.
• 10:49
  This is, this is some crazy times, but very opportunistic
• 10:53
  times as well. So don't sell your Bitcoin to
• 10:56
  Black Rock or Fidelity, because they definitely, definitely want
• 10:59
  your Sats. All right, everybody, let's jump
• 11:01
  into the numbers, the Bitcoin numbers.
• 11:08
  Is your Bitcoin and cold storage really secure?
• 11:11
  Is your seed phrase really secure?
• 11:13
  Stamp seeds? Doityourself kit has everything
• 11:16
  you need to hammer your seed words into commercial grade
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  titanium plates instead of just writing them on paper.
• 11:24
  Don't store your generational wealth on paper.
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  Papers prone to water damage. Fire damage.
• 11:30
  You want to put your generational wealth on one of
• 11:32
  the strongest metals on planet earth, Titanium.
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  Your words are actually stamped into this metal plate with this
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  hammer and these letter stamps. And once your words are in, they
• 11:42
  aren't going anywhere. No risk of the plate breaking
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  apart and pieces falling everywhere.
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  Titanium stamp seeds will survive nearly triple the heat
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  produced by a house fire. They're also crush proof,
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  waterproof, non corrosive, and time proof.
• 11:56
  All things that paper is. Not allowing you to huddle your
• 11:59
  Bitcoin with Peace of Mind for the long haul.
• 12:02
  Stamp your seed on stamp seed. All right guys, I made it super
• 12:06
  easy for you guys. You could scan the QR code on
• 12:09
  your screen right now. I'll take you directly to the
• 12:10
  stamp seed website. Or you can get yourself a
• 12:14
  titanium seed plate. You could, you could punch in.
• 12:17
  You could punch in your seed phrase on there.
• 12:18
  It's not going to go anywhere. You won't have to explain to
• 12:20
  your grandchildren why you lost your Bitcoin.
• 12:22
  Definitely store your generational wealth on titanium.
• 12:26
  Not paper. You can use promo code simply to
• 12:28
  get anything off. Get 15% off anything on the
• 12:33
  stamp seed store. All right everybody.
• 12:36
  At the time of recording, the Bitcoin price is 26,700 sats per
• 12:41
  dollar, 3745 block height, 811,877 blocks to having 28,123.
• 12:52
  Having estimate April 21st, 2024 Total lightning network capacity
• 12:57
  5202 Capacity value 138 million U.S. dollars Realize monetary
• 13:05
  inflation 1.74% The market capitalization of Bitcoin $521
• 13:11
  billion of the B Bitcoin versus gold market cap 4.12% when the
• 13:18
  Bitcoin. Market cap reaches the market
• 13:21
  cap of gold. That would make it $500,000 per
• 13:26
  coin. I think we're going to get there
• 13:28
  a lot quicker than people think just because Bitcoin is superior
• 13:33
  money. Anyways, check out this video
• 13:36
  from our friend we're at TFTC. Shout out Marty bent.
• 13:41
  And he had this very interesting video that I ran into and I
• 13:44
  thought was really, really interesting.
• 13:45
  Here's a quote before I played you guys the video, I'm a suit,
• 13:48
  a quote from the video. It says think of money is just
• 13:51
  another commodity. If you have a monopoly on a
• 13:53
  commodity that everyone needs, everyone wants and nobody has
• 13:56
  enough of, there are lots of ways to make a profit and also
• 14:00
  exert tremendous political influence.
• 14:02
  That is what this battle is all about.
• 14:05
  And this goes to a tweet that I had pinned.
• 14:08
  I think I have pinned still to the top of my profile, to the
• 14:11
  top of my handle, my Twitter handle or my ex handle, whatever
• 14:13
  your you know, X they call x.com.
• 14:16
  These days no one should have the ability to create money for
• 14:21
  free that another human being has to work for.
• 14:24
  And the call to action for you guys, you you sovereign
• 14:28
  individuals, you free individuals is refused to work
• 14:31
  for money that another man can create for free.
• 14:34
  If enough people believe that, if enough people follow that
• 14:39
  philosophy, we will make real change.
• 14:42
  But it takes agency. It takes action, takes you,
• 14:46
  takes each individual to truly opt out of this political money
• 14:51
  bullshit. All right, everybody, let's play
• 14:53
  the video and then we'll talk about it.
• 14:54
  The president, the Congress and the courts.
• 14:57
  A lot of people challenge me on that, but let me prove my case.
• 15:01
  The Federal Reserve determines what the average person's car
• 15:04
  payment is going, the president, the Congress and the courts.
• 15:11
  Now, a lot of people challenge me on that, but let me prove my
• 15:13
  case. The Federal Reserve determines
• 15:16
  what the average person's car payment is going to be, what
• 15:19
  their house payment is going to be, and whether they have a job
• 15:22
  or not. And I submit to you that that's
• 15:24
  total control. And the Federal Reserve is the
• 15:29
  largest single creditor. Of the United States government.
• 15:33
  But as Proverbs tell us, the borrower is servant to the
• 15:37
  lender. What one has to understand is
• 15:40
  that from the day the Constitution was adopted, right
• 15:43
  up to today, the folks who profit from privately owned
• 15:47
  central banks, as Madison called them, the money changers have
• 15:51
  fought a running battle for control over who gets to print
• 15:55
  America's money. Why is who prints the money so
• 15:59
  important? Think of money as just another
• 16:01
  commodity. If you have a monopoly on a
• 16:04
  commodity that everyone needs, everyone wants, and nobody has
• 16:08
  enough of, there are lots of ways to make a profit and also
• 16:11
  exert tremendous political influence.
• 16:14
  That's what this battle is all about.
• 16:16
  Throughout the history of the United States, the money power
• 16:20
  has gone back and forth between Congress and some sort of
• 16:24
  privately owned central bank. The Founding Fathers knew the
• 16:29
  evils of a privately owned central bank.
• 16:32
  First of all, they had seen how the privately owned British
• 16:35
  central bank, the Bank of England, had run up the British
• 16:38
  national debt to such an extent that Parliament had been forced
• 16:42
  to place unfair taxes on the American colonies.
• 16:47
  In fact, as we'll see later, Ben Franklin claimed that this was
• 16:51
  the real cause of the American Revolution.
• 16:55
  Most of the Founding Fathers realized the potential dangers
• 16:58
  of banking and feared bankers accumulation of wealth and
• 17:02
  power. Jefferson put it this way.
• 17:07
  I sincerely believe that banking institutions are more dangerous
• 17:10
  to our liberties than standing armies.
• 17:13
  The issuing power should be taken from the banks and
• 17:16
  restored to the people to whom it properly belongs.
• 17:20
  That succinct statement of Jefferson is in fact the
• 17:23
  solution to all our economic problems today.
• 17:27
  It bears repeating. The issuing power should be
• 17:30
  taken from the banks and restored to the people to whom
• 17:34
  it properly belongs. James Madison, the main author
• 17:39
  of the Constitution, agreed. Interestingly, he called those
• 17:43
  behind the central bank scheme money changers.
• 17:47
  Madison strongly criticized their actions.
• 17:51
  History records that the money changers have used every form of
• 17:55
  abuse, intrigue, deceit and violent means possible to
• 17:59
  maintain their control over governments by controlling money
• 18:03
  and its issuance. The battle over who gets to
• 18:08
  issue our money has been the pivotal issue throughout the
• 18:11
  history of the United States. Wars are fought over it.
• 18:15
  Depressions are caused to acquire it.
• 18:17
  Yet after World War One, this battle was rarely mentioned in
• 18:21
  newspapers or history books. Why?
• 18:25
  By World War One, the money changers with their dominant
• 18:28
  wealth, had seized control of most of the nation's press
• 18:33
  throughout. And I mean, like, other than the
• 18:37
  fact that it felt like a, you know, one of those videos that
• 18:40
  you watched in high school and middle school that teachers
• 18:43
  wouldn't make you sit through. You know it it's crazy because
• 18:47
  you could tell that this video was pretty old, right?
• 18:51
  But things have gotten worse since they made this video,
• 18:55
  right? I'm sure that this video wasn't
• 18:57
  exactly, you know, so popular when it was released.
• 19:01
  But think about the last statement that he said about
• 19:04
  since World War ones. So around World War ones like
• 19:07
  1918, right? The Federal Reserve and the
• 19:10
  federal income tax, I might add, were established in 1913.
• 19:15
  But think about the last thing he said about the control of the
• 19:17
  media and then connect that with what 9 Bukelly said and don't
• 19:23
  drink the elites kool-aid or he said that their most important
• 19:27
  weapon is their control on truth and they'll do everything and
• 19:32
  anything to keep that that keep that control print sensor
• 19:37
  confiscate etcetera, etcetera, etcetera so.
• 19:42
  He who has the ability to control money for free that
• 19:46
  everyone else has to work for is all powerful.
• 19:49
  And I think that's really, really the root cause of a lot
• 19:54
  of the world's issues today. The political divisions, the the
• 20:02
  the hostility in the United States, right now the country is
• 20:05
  completely divided and we just have to remind everyone as
• 20:10
  bitcoiners. It is not a left or right issue
• 20:14
  because regardless of what political party you vote into
• 20:17
  power, whether it's Democrat or Republican, they both do the
• 20:22
  same. They print money.
• 20:25
  And every time they print money, it's a wealth, wealth
• 20:28
  redistribution mechanism from the lower and middle classes
• 20:31
  that don't have the means to save an assets back to the very,
• 20:36
  very wealthy and back to the government.
• 20:38
  So that's saying the rich get richer and the poor get poorer,
• 20:43
  which a lot of people blame capitalism for.
• 20:46
  I would make the argument that we don't live in a capitalistic
• 20:49
  society. I truly believe that we live in
• 20:52
  a centrally planned society right now, and I think that it
• 20:56
  will always be centrally planned as long as the Federal Reserve,
• 20:59
  as long as long as a central bank exists.
• 21:02
  Now the awesome part for all of us as individuals is now we have
• 21:07
  the tools to break free from those shackles, and that tool is
• 21:11
  Bitcoin. That tool is the Internet.
• 21:13
  The Internet has empowered us to communicate directly with each
• 21:17
  other millions of miles away. It's empowered individuals to
• 21:21
  grow their own media platforms, their own followings out of the
• 21:25
  grasps of the government, out of the grasps of these powerful
• 21:28
  institutions. So their ability to control the
• 21:32
  narrative is greatly diminished. And what is happening at the
• 21:35
  same time is the is is money. You you as an individual have
• 21:43
  the ability to opt out of political money and opt into the
• 21:47
  money that you you would prefer, right?
• 21:49
  You know some people still like gold bars for whatever reason
• 21:52
  and that's cool. I I I like gold bars.
• 21:55
  I like holding them in my hand. They feel nice.
• 21:57
  But would I rather hold a gold bar than you know some Bitcoin
• 22:01
  in in self custody? I would obviously want to hold
• 22:04
  some Bitcoin. So yeah, these are crazy times.
• 22:07
  And you know, but shout out to these people that really made
• 22:11
  these videos and really identified the problems, because
• 22:15
  we wouldn't be here today. We would have a lot more work to
• 22:18
  do. And and identifying these
• 22:21
  problems is it if it if it wasn't for the work of these
• 22:25
  people that put the video together, if it wasn't for the
• 22:27
  work of Ron Paul, if it wasn't for the work of G Edward Griffin
• 22:32
  that wrote The Creature from Jekyll Island.
• 22:34
  And look, some of the founding fathers, they weren't
• 22:36
  necessarily fans of central banking either, right?
• 22:39
  They they kind of knew, you know, 100 and 5200 years ago
• 22:43
  what the F was going to happen If, you know, if a central bank
• 22:48
  was instituted, look, this might not matter to you.
• 22:52
  You know, if you know, you're, you're part of the older
• 22:56
  generation and you had the opportunity to buy, you know,
• 23:00
  housing at at some affordable pricing.
• 23:03
  But if you are under the age of 35 right now, how things are
• 23:08
  currently structured, you will not own anything.
• 23:12
  And their own propaganda is telling you you'll own nothing
• 23:15
  and be happy, right. So Bitcoin is a peaceful
• 23:19
  revolution, people. Bitcoin is the protest against
• 23:23
  that. Bitcoin is basically saying,
• 23:25
  yeah, by 20-30 I'm going to own Bitcoin and I'm going to be
• 23:29
  happy instead of saying I'll own nothing and I'm going to be
• 23:32
  happy and they never tell you. So if you don't own anything,
• 23:36
  who owns everything, right? The concillionaires, of course,
• 23:40
  right. Anyways, dude is a great video.
• 23:43
  I I I did feel it. It did kind of take me back in
• 23:47
  time to middle school and high school when the teacher like
• 23:51
  played a video in class. That's kind of like the vibes
• 23:54
  that that video gave me. I don't know.
• 23:56
  What are your thoughts off to you?
• 23:58
  Yeah, well, I have PTSD about sitting back in a classroom
• 24:01
  right now watching a television. That was absolutely boring.
• 24:05
  But that's besides the point I I I didn't like school much until
• 24:09
  after I graduated. Then I learned how to learn.
• 24:12
  Anyways, that's a totally other topic to the topic of today's
• 24:17
  show or of this numbers. It's all about the money guys.
• 24:21
  It's always been about the money.
• 24:23
  Do we say this every single day? And the main political topic has
• 24:28
  always been the control of money.
• 24:30
  That's the main issue. So do not fall for the divide
• 24:33
  and conquer techniques. From the left, from the right,
• 24:36
  it's it doesn't matter. Those are the it's all noise.
• 24:40
  It's all distractions. We say it all the time.
• 24:42
  It is orange verse green. The monopoly on money is the
• 24:47
  main issue guys. The the control of the money.
• 24:50
  Is total control. They even said in that video,
• 24:52
  and it's kind of crazy to me to be honest, and I was while we
• 24:56
  were watching this video, it like it kind of hit me.
• 24:58
  It's like it's crazy to me that this topic has seemed so new to
• 25:02
  a lot of us. It seems so novel, like this
• 25:04
  idea of like all the money printer.
• 25:06
  Remember when you read The Creature from Jekyll Island for
• 25:08
  the first time? Or you understand about the
• 25:09
  Federal Reserve? Or you understand about money
• 25:11
  printing and how it's literally creating paper money out of thin
• 25:14
  air? And it seems like it's something
• 25:17
  new, Like it seems like like a very profound revelation of the
• 25:21
  world. And it's something that people
• 25:23
  have been talking about for so long.
• 25:24
  Like, it's the problem's been known and yet most people still
• 25:28
  don't get it. Most people still don't
• 25:30
  understand what's going on in the world.
• 25:31
  Control of the money is the issue.
• 25:34
  Money affects every single one of us.
• 25:36
  It's 1/2 of every transaction. And if you're giving that
• 25:39
  control over to someone, that most likely.
• 25:42
  Even being kind of charitable doesn't have your best interests
• 25:46
  in mind. Everyone is self interested and
• 25:48
  if you had the control of money like I say it all the time, you
• 25:50
  know I I I like to think of myself as a good person.
• 25:53
  But I understand if you gave me control of all the money after a
• 25:57
  certain amount of years, I'm probably going to use some of it
• 25:59
  here or there if I'm struggling if I want some things done.
• 26:02
  It's just like it's human nature, it's easily corruptible.
• 26:05
  Hence why Satoshi use algorithms.
• 26:11
  You know encryption to take that control out of human hands and
• 26:14
  again I say it all the time and and you guys probably think I'm
• 26:20
  being like hyperbolic and stuff but the problem has been known
• 26:24
  for so long like we know what the problem is guys.
• 26:26
  It is the control of money and a small cabal of people
• 26:29
  controlling the money is why we are in such a.
• 26:34
  It's just crazy time right now and we didn't have a solution
• 26:37
  until 2009. We didn't have a solution until
• 26:40
  Bitcoin, and obviously we know that the solution is simply
• 26:44
  Bitcoin. Of course, there's a lot of
• 26:45
  stuff going on in society that that just putting good money and
• 26:48
  there's not going to fix everything per se.
• 26:50
  But it does start with the money, and once you align the
• 26:53
  incentives of a good money with society and more people are
• 26:57
  acting towards their own benefit and not getting their well
• 26:59
  siphoned away. Things will start to ripple out.
• 27:03
  It'll iron itself out. People will start to work, be
• 27:06
  more productive, save and value build things.
• 27:09
  Because right now we're all being stolen from it.
• 27:11
  Nico touched on something that literally gets us going all the
• 27:14
  time, whether we're on air or off air, as millennials, as
• 27:17
  zoomers and even some gens Gen. Xers, we're the poorest
• 27:21
  generations ever. Like I I I don't mean to be an
• 27:25
  ageist or classist or whatever, but like.
• 27:28
  The boomers, those boomers that are in control stole our future.
• 27:31
  And if that doesn't get you pissed off, like I don't know
• 27:33
  what is like if it's not all boomers, by the way, we.
• 27:36
  Were I said that I said that I, I, I, I'm trying to be clear
• 27:40
  because I I know we do have some boomers that that listen to us
• 27:43
  and that are our friends and we love you and we love you.
• 27:46
  You guys are part of the battle. But for the most part, you know,
• 27:51
  just being generic here. Our future was stolen from us
• 27:55
  because what did they always say?
• 27:56
  Nico, debt is, is money we owe ourselves.
• 28:00
  Well, yeah, you're just stealing the value from your children so
• 28:04
  that you can fund your lifestyle.
• 28:06
  It really blows my mind that this is the status quo, that
• 28:09
  people don't understand that this is the case right now.
• 28:12
  And Nico and I tried to talk about this all the time and and
• 28:14
  you know, people always yell at us like you guys are getting
• 28:17
  political, whatever, whatever, whatever.
• 28:18
  But like guys, it's always been about the money.
• 28:22
  It doesn't matter what side of the aisle you are on, everyone
• 28:26
  wants to print money. Whether it's printing money to
• 28:28
  help people or printing money to fund wars, it's still the same
• 28:33
  thing. They want to print money and
• 28:35
  make you poorer. Like, it's such a simple concept
• 28:39
  to me that it blows my mind that we have to constantly beat this
• 28:42
  idea through people's heads. The control of the money is the
• 28:45
  main issue guys that don't get it twisted.
• 28:47
  This is why we have all opted out.
• 28:50
  This is why we are all bitcoiners.
• 28:51
  This is why we are using a money that cannot be debased,
• 28:54
  censorship resistant. Because it's always been about
• 28:58
  the money guys and we didn't have a solution until 2009, A
• 29:01
  hundred percent, 100% guys, I want to give a shout out to our
• 29:04
  sponsor, Bitcoin 2024. It's going to be the largest
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  Bitcoin conference ever in the world.
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  You don't want to miss it. It's going to be in Nashville,
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  This year, it's July 25th through the 27th, 2024, the year
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  You definitely don't want to miss Bitcoin 2024 in Nashville,
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  TN All right guys, let's get to the news.
• 29:48
  We got a lot to talk about today.
• 29:50
  Let's check it out. The Daily News.
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  All right everybody, I made it extremely freaking easy for you
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  Trust no one but yourself. All right, everybody.
• 31:21
  So this is pretty big, pretty big news.
• 31:23
  I I touched upon it in the opening monologue a bit.
• 31:26
  Here's the Chad Saylor himself. Remember when Michael Saylor
• 31:31
  says something is very similar to when I am?
• 31:33
  Bokele says something about Bitcoin.
• 31:36
  And the reason for that is because Michael Saylor is the
• 31:40
  figurehead of Bitcoin institutional adoption.
• 31:45
  What am I talking about? Why am I saying that?
• 31:47
  Well, not to mention the fact that micro strategy I think has
• 31:50
  like 160,000 bitcoins last time I checked.
• 31:53
  But put that aside, what Michael Saylor is proving over the last
• 31:58
  couple of years and I think the next cycle it's going to be an
• 32:02
  undeniable fact, is that putting Bitcoin on his balance sheet, on
• 32:07
  the micro strategy balance sheet is a viable alternative than
• 32:11
  holding Fiat. In fact, not only is it a viable
• 32:14
  alternative, it's a better alternative than holding Fiat.
• 32:19
  And the awesome part about free markets and capitalism.
• 32:24
  The awesome part about this is that however which way you feel
• 32:29
  about, you know, Bitcoin, I just said I don't like it right?
• 32:35
  If your competitor starts doing better than you are because
• 32:39
  they're doing a specific thing, they're following a specific
• 32:41
  strategy, you have no choice but to follow that strategy as well.
• 32:48
  Just kind of funny because the name of the company is micro
• 32:50
  strategy but and and and and just look back in time right
• 32:58
  when PayPal announced that they are going to allow Bitcoin
• 33:05
  purchases within their app. Do you think PayPal wanted to do
• 33:11
  that? No, they're getting crushed by a
• 33:14
  competitor. They aren't getting crushed by
• 33:16
  cash app. So there's like, OK, we got to
• 33:19
  enable Bitcoin purchases on our platform.
• 33:22
  Do you think that they wanted to enable withdraws?
• 33:25
  No, they didn't want to enable withdraws, but they had no
• 33:28
  choice because their competitor had withdraws.
• 33:31
  Do you think Robin Hood wanted to enable Bitcoin withdraws?
• 33:37
  No, of course not. They want to keep people within
• 33:41
  Robin Hood, but they had no choice to enable withdraws.
• 33:45
  And it's funny because when they made this announcement, they
• 33:48
  actually made this announcement at Bitcoin 2022, They made a
• 33:51
  whole thing about it. We're going to enable withdraws.
• 33:56
  So market forces are beautiful. And I think that over time it's
• 34:03
  going to show, and it has shown that Michael Saylor's strategy
• 34:12
  with micro strategy is a superior strategy than holding
• 34:18
  Fiat. So this is what he said about
• 34:22
  the the Fidelity report. This is a tweet from the chat
• 34:26
  himself. He says Fidelity Digital Assets
• 34:29
  explains why Bitcoin is a unique and superior form of money that
• 34:34
  investors should consider 1st and separate from all other
• 34:37
  digital assets. It isn't just Michael Sailor
• 34:41
  saying that we have Fred Thiel. Fred Thiel is the CEO and
• 34:46
  chairman of Marathon, which is one of the largest publicly
• 34:51
  traded mining companies in the United States.
• 34:54
  And he says Fidelity tells investors why they need to
• 34:57
  consider Bitcoin separately from other digital assets.
• 35:02
  Says that the key take away? Bitcoin is fundamentally
• 35:05
  different than any other digital asset.
• 35:08
  No other digital asset is likely to improve upon Bitcoin as a
• 35:12
  monetary good because Bitcoin is the most relative to other
• 35:16
  digital assets secure to centralize sound money.
• 35:19
  Digital, decentralized, sound digital money and any
• 35:22
  improvement will potentially face tradeoffs.
• 35:27
  So let's move on to some of the report.
• 35:29
  We don't have time to get through all of it.
• 35:31
  I know Opti went through some of it yesterday, but we're going to
• 35:33
  give it a different angle. You guys know the deal.
• 35:37
  Bitcoin first revisited why investors need to consider
• 35:40
  Bitcoin separately from other digital assets.
• 35:44
  In the summary, it says Bitcoin is best understood as a monetary
• 35:48
  good and one of the primary investment thesis for Bitcoin is
• 35:53
  as a store of value asset. In an increasingly digital
• 35:57
  world, Bitcoin is fundamentally different than from any other
• 36:00
  digital asset. No other digital asset is likely
• 36:03
  to improve upon Bitcoin as a monetary good because Bitcoin is
• 36:07
  the most related to other digital assets.
• 36:09
  Secure, decentralized, sound, digital money and any
• 36:13
  improvement will potentially face tradeoffs.
• 36:17
  I wouldn't even say potentially it will face tradeoffs.
• 36:20
  There's a very famous video of Adam Back saying that he spent
• 36:23
  six. It was like 6 to 9 months trying
• 36:26
  to see how he could improve Bitcoin and he came to the
• 36:29
  conclusion that any type of incremental improvement would
• 36:34
  come with a trade off. And that trade off a lot of the
• 36:37
  time would come with basically diminishing bitcoins,
• 36:44
  decentralization. Remember the four cores were
• 36:48
  there was a big part of the four cores were oh, we need bigger
• 36:51
  blocks, we need bigger box to scale.
• 36:53
  But what was not talked about was if you if you made the
• 36:58
  blocks bigger, it will require more resources.
• 37:04
  For someone to run Bitcoin Core, for someone to run the Bitcoin
• 37:08
  software. More resources means more money,
• 37:12
  meaning it would increase the barrier to entry to running a
• 37:16
  node. Right now, realistically you'd
• 37:18
  only need, I think it's like 2 to $300 to you know, purchase a
• 37:23
  an old computer, use it as a node.
• 37:26
  I recommend the Start 9, that's what I run myself, the start 9
• 37:29
  pier. It's absolutely beautiful.
• 37:32
  But the point is, is that the the blocks stayed the same.
• 37:36
  And because the blocks stayed the same size, that made the
• 37:40
  barrier to entry lower. And because the barrier to entry
• 37:43
  is lower, that means more people were able to run nodes.
• 37:48
  And because more people were able to run nodes, that means
• 37:52
  that the that the network was is more decentralized.
• 37:56
  So it goes on to say there is not, there is not necessarily
• 37:59
  mutually exclusivity between the success of the Bitcoin network
• 38:03
  and all other digital assets. Rather the rest of the digital
• 38:06
  asset ecosystem can can fulfill different needs or solve other
• 38:10
  problems that Bitcoin simply does not.
• 38:12
  Other non Bitcoin projects should be evaluated from a
• 38:15
  different perspective than Bitcoin.
• 38:17
  Bitcoin should be considered an entry point for traditional
• 38:20
  allocators looking to gain exposure to digital assets.
• 38:23
  Investors should hold 2 distinctively separate
• 38:26
  frameworks for considering investment in this digital asset
• 38:29
  ecosystem. The first framework examines the
• 38:32
  inclusion of Bitcoin as an emerging monetary good and the
• 38:35
  2nd considers the addition of other digital assets that
• 38:38
  exhibit venture capital like properties.
• 38:43
  It's a very strong statement. Venture capital likes
• 38:47
  properties, so the early investors get very, very rich at
• 38:53
  the expense of the later investors.
• 38:59
  Anyways, moving on, there's this great Watcher Guru article that
• 39:05
  summarizes even more. It goes on to say Bitcoin blazed
• 39:10
  a trail for numerous numerous assets to enter the space.
• 39:13
  While some chose to follow in Bitcoins footsteps, others aim
• 39:16
  to rectify its limitations. Nevertheless, none have
• 39:20
  succeeded in surpassing the dominance of the leading
• 39:23
  cryptocurrency. Fidelity.
• 39:25
  Renowned asset manager overseeing 4.5 trillion affirms
• 39:30
  that Bitcoin retains its position as the most secure and
• 39:33
  decentralized crypto when compared to its counterparts.
• 39:37
  It goes on to say Fidelity's Digital Assets Report further
• 39:41
  elucidated that even after a year and a half has passed,
• 39:45
  Bitcoin consistently expands its adoption and market presence
• 39:49
  within the digital asset arena. However, other digital assets
• 39:52
  encounter their own unique set of obstacles.
• 39:56
  It goes on to say, as seen in the report, Bitcoin emerges as
• 39:59
  the leading choice within the world of digital assets.
• 40:03
  Bitcoin as a pioneer in digital finance first and foremost.
• 40:06
  Fidelity underscores that BTC is most appropriately viewed as a
• 40:11
  form of digital currency. Its primary investment premise
• 40:14
  is rooted in its role as a store of value within our increasingly
• 40:19
  digital centric world. In a age dominated by digital
• 40:22
  transactions, Bitcoins position as a secure repository of wealth
• 40:27
  takes on paramount importance, inherent distinction.
• 40:33
  Secondly, Bitcoin possesses fundamental differences that
• 40:36
  start from other digital assets. Fidelity.
• 40:39
  Fidelity asserts that no other digital asset is likely to
• 40:42
  surpass Bitcoin as a form of digital currency.
• 40:46
  Its reputation as the most secure digital currency combined
• 40:49
  with its decentralization and robustness renders it
• 40:53
  unparalleled. We have to understand who is
• 41:00
  saying that because we've heard that rhetoric and maybe it's not
• 41:07
  as elegant as was said just now, but we've heard that elegant.
• 41:13
  I mean, we've heard that rhetoric from Opti.
• 41:15
  We've heard that rhetoric from me.
• 41:17
  We've heard that rhetoric from Bitcoin Twitter, Bitcoin XI,
• 41:20
  guess it's called now, but we have to understand where it's
• 41:23
  coming from. Who is saying this?
• 41:30
  This is a company that has $4.5 trillion under management.
• 41:36
  This is a company that has been mining Bitcoin since 2014.
• 41:44
  This is a company that has followed BlackRock.
• 41:47
  I think they were first actually that has applied for a spot
• 41:50
  Bitcoin ETF. So when this type of company was
• 41:56
  founded in 1946, it's been around for a minute.
• 41:59
  It actually, it's been around since before Richard Nixon took
• 42:03
  the US off the gold standard. When a company like Fidelity
• 42:09
  says stuff like this, they are not fucking around.
• 42:15
  It is not just making a meme. It's not just like, oh, Bitcoin,
• 42:20
  not crypto and all the, you know, all the rhetoric that we
• 42:23
  use on Bitcoin Twitter. No, no, no, no.
• 42:26
  They mean business. And what they have said in this
• 42:29
  report is that Bitcoin is fundamentally different, that
• 42:33
  Bitcoin is unlikely to be surpassed because of its
• 42:38
  robustness, because of its decentralization.
• 42:44
  That is a big deal. That is a massive deal.
• 42:50
  We had a narrative in 2018 and that narrative was the
• 42:54
  institutions are coming. That was the coping mechanism
• 42:57
  that we used as the price of Bitcoin fell from 20K and I
• 43:01
  think it bottom down at like 3.5 K And that narrative is the
• 43:05
  institutions are coming, the institutions are coming, the
• 43:07
  institutions are coming, the institutions are here.
• 43:14
  That report proves it. That report shows it.
• 43:19
  The BlackRock Spot ETF. The Fidelity Spot.
• 43:24
  The Fidelity Spot Bitcoin ETF. The Franklin Templeton Spot
• 43:29
  Bitcoin ETF proves to you that not only are the institutions
• 43:37
  coming, but the institutions want are tremendously interested
• 43:42
  in Bitcoin because it is a superior money.
• 43:48
  Forget about digital assets, it is a superior money, period.
• 43:55
  It has the best incentive structure compared to everything
• 43:59
  else, full stop. So this is $4.5 trillion assets
• 44:07
  under management. Imagine if just a small
• 44:09
  percentage of that goes into Bitcoin.
• 44:13
  Remember, the market cap of Bitcoin is 500 billion.
• 44:18
  Fidelity dwarfs. I mean, Bitcoin dwarfs the
• 44:21
  market cap of fidelity. And if you're talking about
• 44:24
  Black Rock as well, black rocks, black rocks market cap is 8.5
• 44:29
  trillion with a T And they announced that they're
• 44:34
  interested in launching a spot Bitcoin ETF.
• 44:38
  Not only that, Larry Fink who hated Bitcoin three or four
• 44:42
  years ago so that Bitcoin was only used for money laundering
• 44:46
  when on CNNBC. We played you guys a clip when
• 44:49
  it happened, saying that Bitcoin is the future.
• 44:53
  It is so useful for transactions.
• 44:57
  It's the future of money, paraphrasing, But you guys get
• 45:02
  the point. And of course, Franklin
• 45:04
  Templeton announced not too long ago also that they wanted to
• 45:11
  launch a Black Rock spot. I mean a a a spot Bitcoin ETF.
• 45:16
  You guys get where I'm going with this 1.53 + 8.5 plus
• 45:22
  another four. It's like like what?
• 45:29
  What is that 12/13/14? Fifteen $16 trillion assets
• 45:36
  under management? If you combine all these
• 45:37
  companies and all these companies are salvating at
• 45:42
  getting involved, BlackRock is the largest holder of of
• 45:46
  publicly traded Bitcoin mining companies.
• 45:49
  Do you think that's a coincidence?
• 45:50
  You think all of this is a coincidence?
• 45:52
  You think that these, all these people are doing it out of the
• 45:54
  goodness of their heart? No, they cannot resist bitcoins
• 45:58
  incentives. I tweeted this out the other
• 46:00
  day. Bitcoin is going to win because
• 46:04
  it has superior incentives. Fiat.
• 46:07
  What is the Fiat money incentive?
• 46:09
  The Fiat money incentive is if you don't use our money, I will
• 46:14
  put you in jail. That's the incentive that they
• 46:16
  have violence. Monopoly on violence laws, legal
• 46:22
  tender laws, that's what they have.
• 46:24
  They're forcing you to use something that you you would
• 46:27
  normally not use if you had a choice.
• 46:32
  Bitcoin people are are choosing to use it willingly.
• 46:36
  Why? Because it's better money.
• 46:40
  You could send it anywhere. Pennies on the dollar.
• 46:43
  It increases in purchasing power over time.
• 46:45
  There's a cap supply. Nobody can change that.
• 46:48
  If someone wants to create more Bitcoin, they have to get in
• 46:50
  line like everybody else. They have to invest in the
• 46:53
  mining infrastructure. They have to get the energy.
• 46:57
  They have to buy it, they have to earn it, they have to mine
• 46:59
  it. And that protects everyone
• 47:00
  else's purchasing power. In fact, it levels the playing
• 47:04
  field. Between the Pleb, the person who
• 47:07
  owns .0001 Bitcoin, and Michael Saylor, you're equal.
• 47:12
  You're equal to him. If he wants to buy Bitcoin, he
• 47:17
  has to get in the line like everybody else.
• 47:18
  Michael Saylor is currently paying his dues.
• 47:22
  He's he's down right now. I think the average price for
• 47:24
  his Bitcoin acquisition is $29,000.
• 47:27
  He's going through what Opti and I went through in 20/17/2018.
• 47:32
  He's paying his price of tuition just like everybody else.
• 47:37
  And that's the beauty of Bitcoin.
• 47:39
  And nothing else could offer that.
• 47:41
  Everything else has senior age. Everything else has privileges.
• 47:46
  If you're part of a privileged few, you get a better deal.
• 47:50
  Bitcoin is different. And that's crazy.
• 47:53
  That's, you know, an institution like fucking Fidelity is, you
• 47:58
  know, saying the same stuff like that.
• 48:02
  So yeah, Ropes trolling us in the chat.
• 48:04
  By the way, if you guys want Opti's hoodie shameless plug,
• 48:09
  make sure to get the Simply Bitcoin merch.
• 48:10
  You could scan the QR code on your screen.
• 48:12
  You can go in the video description.
• 48:13
  Opti model it, bro. Get up, get up, do some twirls.
• 48:19
  Christine Lagarde. Christine Lagarde is watching
• 48:21
  the stream right now. Yeah, so if you guys want to
• 48:24
  help support the show, it really, really does help us help
• 48:27
  us stay on air. Get yourself some simply Bitcoin
• 48:29
  merch. Opti is wearing the Simply
• 48:31
  Bitcoin hoodie. You can also get the Simply
• 48:33
  Bitcoin tshirt. It really really does help with
• 48:35
  the show and we appreciate you guys.
• 48:38
  Anyways, Opti, what's your take on this brother?
• 48:40
  I know you covered this yesterday, I hope I covered it a
• 48:42
  little bit differently. Yeah, I know you did a great
• 48:44
  job. My take on this is I I really do
• 48:49
  believe that this article is extremely important.
• 48:52
  I know as a bitcoiner, if you like I told you guys in the
• 48:55
  chat, everyone to read the article yourself.
• 49:00
  If you read the article and you got through it, it is.
• 49:03
  It is a little long, but I think it's a great piece because.
• 49:07
  It's not anything new that you've never heard as a
• 49:09
  Bitcoiner, you know, I'm sure we've pieced this information
• 49:13
  together from like the Pierre Rochards, the VJ Boyapati, all
• 49:17
  of the great Bitcoin content creators out there that are,
• 49:20
  that are writing all this good stuff that got us to this point.
• 49:23
  And as much as I try to avoid like the authority fallacy where
• 49:27
  it's like, oh, because it's coming from the experts, you got
• 49:29
  to trust them. It really does read like a
• 49:32
  Bitcoin maxi paper and it's coming from an asset manager
• 49:36
  with trillions of dollars under their control.
• 49:38
  Of course, at the very bottom, if you read the fine print, it
• 49:40
  says this is coming from the authors, not necessarily
• 49:42
  fidelity, you know, the the the legal statements that are
• 49:45
  normal, but. I really do think that if you
• 49:48
  sent this paper to your friends or family especially someone
• 49:51
  that is like on the on the edge, you know they they kind of they
• 49:55
  kind of know what you're saying. You know they listen to your
• 49:58
  Bitcoin pitch and they're kind of like, yeah, you're you're
• 50:00
  making a lot of a lot of sense. But like I don't trust you
• 50:04
  because whatever. You're my friend, you're my, you
• 50:06
  know, you're my stupid nephew. Like, I get it.
• 50:09
  You love this Bitcoin stuff. Quit talking to me about it.
• 50:12
  You've been doing this for. 5 Thanksgivings now, and I I'm
• 50:16
  tired of you ranting at me, and I'm tired of you celebrating
• 50:19
  when the Bitcoin price was pumping.
• 50:22
  Now it's coming from what is seemingly an objective or, yeah,
• 50:27
  an objective source. You know, someone that's not
• 50:29
  necessarily a bitcoiner. Like they only have one idea in
• 50:34
  mind, and that is of course to provide.
• 50:36
  Value to their investors and it's and this is a great report.
• 50:39
  I think it's one of those ideas that we say to you guys
• 50:42
  constantly. It's the idea that once you know
• 50:45
  the Bitcoin fundamentals then you can move forward and look
• 50:48
  through the world through the lens of Bitcoin.
• 50:51
  And that's why we always double down on the Bitcoin fundamentals
• 50:54
  and and really always paint everything as orange versus
• 50:57
  green. And yes, you know, we always hip
• 51:00
  you guys to our friends that are getting a little more technical.
• 51:02
  And if you want to get into the weed, we can always lead you to
• 51:05
  that direction. But it's really about
• 51:07
  understanding the Bitcoin fundamentals.
• 51:09
  And if you read this paper, read it top to bottom, maybe read it
• 51:12
  multiple times if you've never read this before because it's
• 51:16
  telling you the exact thesis that we've been saying on the
• 51:19
  show. This is the stuff that got us
• 51:21
  involved in Bitcoin. This is the stuff that got us
• 51:23
  obsessed with Bitcoin. This papers is.
• 51:26
  The signal that is showing the rest of the world that, Oh my
• 51:30
  goodness, there is something amazing and revolutionary
• 51:33
  happening in the quote UN quote crypto space.
• 51:35
  But it's not crypto currencies at large, it is Bitcoin.
• 51:39
  And This is why we always double down on in Bitcoin, not
• 51:41
  shitcoin, because all roads lead to Bitcoin.
• 51:45
  And now, something we've been saying on the show and we've
• 51:48
  been constantly covering it throughout this year.
• 51:50
  It's the idea that Bitcoin has crossed that Rubicon into the
• 51:53
  mainstream consciousness. It's always being talked about
• 51:55
  on corporate press. You're seeing, you know,
• 51:57
  television host talking smack about Bitcoin and you're seeing
• 52:02
  the investment houses, the institutions starting to embrace
• 52:06
  Bitcoin. And so it really does feel like
• 52:08
  we have amazing tailwinds going into the having, which will
• 52:13
  basically explode going into the inevitable bull run.
• 52:17
  And it really does seem like we are in a perfect storm of just
• 52:20
  getting some some absolutely beautiful green candles coming
• 52:23
  up in the next year and a half. And so This is why we keep
• 52:26
  telling you guys to get your ducks in a row.
• 52:29
  Make sure you are stacking, make sure you're not taking your foot
• 52:32
  off the gas, make sure you're running a node, Make sure you're
• 52:34
  taking your Bitcoin off the exchanges.
• 52:35
  You're protecting yourself because they want your Bitcoin
• 52:39
  guys and you need to be holding on to that Bitcoin.
• 52:42
  You need to understand what you're holding.
• 52:43
  I say it all the time. The Bitcoin price is a real time
• 52:46
  metric of people's understanding of Bitcoin and as you can see
• 52:50
  and we constantly cover on the show, more and more people are
• 52:54
  waking up to Bitcoin and not just average individual with
• 52:58
  average means high net worth individuals want your Bitcoin
• 53:02
  and I don't know if you know but there's not that much Bitcoin to
• 53:04
  go around I think. I think I saw a metric and
• 53:07
  someone correct me in the chat. There's only like.
• 53:12
  A million or so Bitcoin on exchanges right now.
• 53:14
  So you got to make it through the huddle buyout zone because
• 53:17
  they are coming for your Bitcoin and the price will start to get
• 53:22
  crazy. We know, especially us that been
• 53:24
  here for a couple cycles, the bull runs get super frothy guys
• 53:27
  and everyone loses their mind in the FOMO manic craze of this
• 53:31
  cycle. And now you're not just trading
• 53:35
  against unsophisticated retail investors as they call it,
• 53:39
  you're trading against some of the biggest.
• 53:42
  Smartest asset manager in the world.
• 53:43
  So don't trade, just Hoddle that Bitcoin, Take it in the cold
• 53:46
  storage. This is the way because people
• 53:49
  are starting to wake up to the value proposition of Bitcoin.
• 53:51
  People are starting to see the cracks in the system that we
• 53:54
  constantly talk about so. I really do think that this is
• 53:58
  one of those important defining papers that you should be
• 54:01
  sending to your friends and family.
• 54:03
  We will be talking about this paper probably for a long time
• 54:06
  on the show, will constantly come back to it, and it'll
• 54:09
  constantly be a source of information because it does have
• 54:12
  that weight of fidelity behind it.
• 54:14
  And not just like a, you know, a Bitcoin Twitter user, a Bitcoin
• 54:18
  and on Twitter that that makes a a succinct point.
• 54:21
  But it does seem like Fidelity is bullish on Bitcoin.
• 54:24
  That's there's a bunch of Maxis I think someone told me in the.
• 54:27
  That the CEO is fully orange pilled.
• 54:29
  So guys, we are winning. Our narrative is winning.
• 54:32
  We are right. Continue to double down on the
• 54:34
  fundamentals, continue to refresh yourself on the
• 54:36
  fundamentals and then spread the message to more and more people.
• 54:40
  This is the way. Yeah, man.
• 54:44
  Amen. They don't call you St.
• 54:46
  Opti for no reason. That was some St.
• 54:48
  Opti fire you're going to get. You're going to keep referencing
• 54:51
  this article. I probably will what's the title
• 54:54
  again? Bitcoin First revisited Why
• 54:57
  Bitcoin is head and tails above other digital assets.
• 55:00
  Could you tattoo that on your chest?
• 55:02
  I don't do tattoos, but you got to do it for the culture.
• 55:06
  I don't care about the culture. All right guys?
• 55:12
  Before, before we move on to the culture, I want to give a shout
• 55:16
  out to our sponsor. If you guys are trying to get
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• 56:37
  All right, guys, I do have tweets here, but I kind of want
• 56:40
  to give a little preface here, you know?
• 56:42
  This last week's been pretty crazy.
• 56:44
  If you guys are on social media or even watching corporate
• 56:48
  television, you've noticed that things are getting crazy.
• 56:51
  And you know, I was talking to everyone at Pacific Bitcoin and
• 56:56
  a trend kept coming around and everyone's like, man, I really
• 56:59
  love what you guys are doing on not only the show, but the
• 57:01
  culture and helping us kind of get through this crazy times.
• 57:05
  And you know me, I always talk about the same idea of Bitcoin
• 57:09
  Zen, of once you start to huddle, once you look through
• 57:12
  the world through a Bitcoin lens, a lot of the noise starts
• 57:15
  to dissipate and and you can start to relax and you start to
• 57:20
  live a better life. And so this last week I've been
• 57:22
  kind of really thinking about like, what is what?
• 57:24
  What can we do as individuals right now?
• 57:25
  Like what? Like, what is the best course of
• 57:27
  action right now? Considering that you're getting
• 57:30
  pulled on both sides, you should have an opinion on everything.
• 57:33
  And I'm kind of over here just like focusing on Bitcoin
• 57:35
  constantly. And and I'm just like, man,
• 57:37
  almost feeling guilty that like, I feel so good right now in this
• 57:41
  moment. And I'm just wondering like,
• 57:43
  what, what can we do as individuals, right?
• 57:45
  And of course this is a Bitcoin show, so of course it's always
• 57:49
  going to go back to the same things I always constantly talk
• 57:52
  about. And so I'm going to start it off
• 57:54
  with this meme. This is an old meme you can see
• 57:58
  here I'm quote tweeting myself from another account.
• 58:00
  And it goes. The longer you huddle, the less
• 58:02
  you give AF hashtag, Bitcoin and then wine quote tweeted on top
• 58:07
  of them it goes Bitcoin Zen wine.
• 58:09
  Wine and I really do feel Bitcoin Zen at this moment and.
• 58:16
  The reason I feel this is because I've said it so many
• 58:18
  times on the show this week. Like Bitcoin is our stable coin.
• 58:21
  Bitcoin is stability. It's the Fiat world that is
• 58:23
  fluctuating. It's the Fiat world that is
• 58:25
  going down. But as bitcoiners are building
• 58:27
  we're having a good time and look at look at the menpool like
• 58:30
  blocks are coming in guys, TikTok next block.
• 58:33
  Bitcoin is working exactly as design and I kind of had a
• 58:36
  meditation here this morning. I was just looking at Menpole
• 58:38
  space. I absolutely think this is
• 58:40
  beautiful. And and look at the blocks, man.
• 58:42
  It's just a steady stream of blocks.
• 58:45
  Bitcoin's stable. Bitcoin is working.
• 58:47
  I don't have to have these emotional fluctuations about
• 58:50
  every single thing going on in the world.
• 58:52
  I just focus on what I can do. And I saw this tweet by Hoddle
• 58:57
  and it's something I say all the time.
• 58:58
  I talk about this constantly in spaces, I talk about it
• 59:01
  constantly on the show, and the only reason I talk about this is
• 59:05
  because this is the stuff that gets me the most excited.
• 59:07
  I'm really. Enthralled with the
• 59:11
  psychological behavioral aspects of Bitcoin, of how you don't
• 59:14
  change Bitcoin, It changes you. And the longer you huddle, the
• 59:18
  more you change and the more you try to level up.
• 59:21
  And how to put it in a tweet. And he goes, At some point you
• 59:23
  have to lean into Bitcoin, making you the best version of
• 59:25
  yourself. You can't just continue existing
• 59:27
  as the old shitty you plus Bitcoin, it doesn't work.
• 59:30
  There's too much dissonance and again shouts at the Darth coin.
• 59:36
  Oops. He always hits us in the chat,
• 59:38
  always trying to course correct us.
• 59:40
  And he always says like be careful about saying who's a
• 59:43
  bitcoiner. And so I'm only gonna touch on
• 59:45
  this a little bit. He's got a solid meme here and
• 59:47
  goes. Who's a bitcoiner?
• 59:49
  A bitcoiner you must be. If you want freedom, If you want
• 59:52
  peace, If you want a better world, If you want privacy, If
• 59:54
  you want progress, If you want to store energy.
• 59:57
  Be sovereign. Be fearless.
• 59:58
  Be wise. Be cautious.
• 59:59
  Be a learner. Be a questioner.
• 1:00:01
  Be a saver, a huddler. Be innovative.
• 1:00:04
  Be helpful, Be a Pathfinder. Be a toxic psychopath.
• 1:00:09
  Of course, it's a little poetic. And I realize right now that
• 1:00:14
  once you find yourself in the situations that we currently are
• 1:00:17
  finding ourselves in, and the world's going crazy.
• 1:00:19
  I don't know if you have Normie friends anymore, but I'm sure
• 1:00:23
  your Normie friends are, you know, being very divisive.
• 1:00:25
  They're telling you to pick a side.
• 1:00:27
  And we're over here like, hey, guys, like, we have a better
• 1:00:29
  world. We have a better strategy here.
• 1:00:30
  Just protect yourself, Focus on what you can.
• 1:00:34
  And what is that? I I leaned into a meme at the
• 1:00:37
  beginning of this year. It's the idea of like what
• 1:00:39
  should I do next? And it's it's summed up by the
• 1:00:43
  idea that just take the next best step and I constantly tell
• 1:00:47
  you guys to get fit physically, get fit mentally, get fit
• 1:00:50
  spiritually. Like focus on what you can
• 1:00:52
  control, eat good, get outside, get some sun, you know, get your
• 1:00:57
  body movie, focus on the good things in life guys.
• 1:00:59
  And we have Bitcoin. It's so much easier to focus on
• 1:01:03
  the good in life when you are building a parallel system that
• 1:01:06
  literally not only benefits you but will benefit everyone.
• 1:01:10
  We have purpose on the Bitcoin standard and I think it's never
• 1:01:13
  been more important than to spread the positive signal that
• 1:01:17
  is Bitcoin. Like don't let your energy get
• 1:01:20
  siphoned off right now by all the fear mongering.
• 1:01:23
  Focus on the good in life, Focus on stacking on providing value
• 1:01:26
  on on being on the Bitcoin standard and spreading that to
• 1:01:30
  more people. Like help on board people to
• 1:01:32
  Bitcoin wallets. Plant the seeds of freedom.
• 1:01:35
  Don't get caught in the mania guys.
• 1:01:37
  And on this point, again, I always quote tweet beauty on
• 1:01:40
  because I I really think he's got some wisdom here.
• 1:01:43
  He's quote tweeting this tweet here by Big Brother Watch and
• 1:01:46
  it's about UKCBDC's. And the TLDR of the tweet is
• 1:01:50
  basically like just say no to it, etcetera, etcetera.
• 1:01:53
  And I'm going to link that into what we're saying right here.
• 1:01:56
  Look, beauty on says taking action by saying no will not
• 1:01:59
  change a thing. The correct action to take is
• 1:02:01
  the mass adoption of Bitcoin, which is what Big Brother Watch
• 1:02:04
  should be promoting, not sitting on your hands and doing nothing.
• 1:02:07
  With Bitcoin in everyone's hands, no one controls the purse
• 1:02:09
  strings but you. And as we constantly show on on
• 1:02:12
  the show, and we showed in the numbers guys, it's always been
• 1:02:15
  about the money. It will always be about the
• 1:02:18
  money. Until you take that power away,
• 1:02:20
  until you opt out of the madness, until you spread the
• 1:02:24
  adoption of Bitcoin, until you get Bitcoin into more people's
• 1:02:26
  hands and billions of people are downloading Bitcoin wallet.
• 1:02:29
  That's the most important thing to be doing.
• 1:02:31
  And I know here we are talking heads.
• 1:02:34
  This is a entertainment news channel here where we constantly
• 1:02:39
  show Bitcoin to anyone that will listen.
• 1:02:41
  And so I do my best to try to inspire you guys to download
• 1:02:45
  wallets, to get your friends to download wallets.
• 1:02:46
  Because look, the world is going mad and all you can do is focus
• 1:02:51
  on what you can control. And what you can control is
• 1:02:54
  saving in the hardest money, period, the hardest asset,
• 1:02:58
  period. Something that will take the
• 1:03:00
  control back to yourself. And I saw Michael Krieger post
• 1:03:03
  this this morning and it and it really hit me hard because this
• 1:03:06
  is where we are. Guys like Michael Krieger aka at
• 1:03:09
  Liberty Blitz, goes one rule I've established that has never
• 1:03:12
  failed is if governments and media are trying to whip you
• 1:03:15
  into a frenzy, don't let them whip you into a frenzy.
• 1:03:17
  The entire purpose of government is direct your valuable energy
• 1:03:20
  towards its own end. The reason I bring this up is
• 1:03:24
  because I think it's never been more important than now is to
• 1:03:27
  direct your energy towards your own end.
• 1:03:30
  What's that mean? Provide value?
• 1:03:31
  Build businesses saving Bitcoin? Help your friends and family get
• 1:03:34
  on boarded to Bitcoin right now because everything is going mad
• 1:03:39
  right now. Peak clown world.
• 1:03:40
  Maybe not peak yet, but remember and Space Bull sums this up
• 1:03:45
  perfectly. The work you are doing right now
• 1:03:48
  being a bitcoiner, no matter how big or small, is just so fucking
• 1:03:53
  important. Remember that getting people on
• 1:03:56
  the Bitcoin standard is the most important thing you can be
• 1:03:59
  doing. Spreading the Bitcoin signal,
• 1:04:01
  showing people that we know what the problem is.
• 1:04:04
  It is the money, stupid, and we have the solution now.
• 1:04:07
  And hey, you may not be ready to become a bitcoiner yet, but
• 1:04:12
  Bitcoin is here for you. You need to save in Bitcoin.
• 1:04:15
  You need to opt out of this madness.
• 1:04:16
  If you do not believe in theft and killing people, then you
• 1:04:20
  need to be on the Bitcoin standard.
• 1:04:22
  Bitcoin is a peaceful revolution.
• 1:04:24
  We are separating money from state and moving forward.
• 1:04:27
  This signal is going to spread far and wide and more people are
• 1:04:30
  going to wake up to the lunacy that is the status quo right
• 1:04:34
  now. You have the opportunity to save
• 1:04:38
  yourself, and by saving yourself, you will save your
• 1:04:41
  friends and your family. And right now it's been I I keep
• 1:04:45
  saying the same thing and I'm probably a broken record right
• 1:04:47
  now. Right now, it's never been more
• 1:04:49
  important than to get yourself mentally prepared.
• 1:04:53
  You need that warrior mentality. You need to get yourself fit and
• 1:04:56
  strong mentally and physically, because as we move into the
• 1:05:02
  transition from the Fiat world to the Bitcoin world, it's only
• 1:05:05
  going to get crazier. And if you can't focus your
• 1:05:08
  energy on the right things, you will get caught up in the mania.
• 1:05:12
  And we're seeing every single person right now get caught up
• 1:05:15
  in the mania. Everyone is losing their minds.
• 1:05:18
  But if you have found bitcoins, then you've opted out of the
• 1:05:21
  madness. You've turned off the news.
• 1:05:23
  You are building stuff, whether that's your body or your
• 1:05:26
  business or your family. Like we are the counterculture
• 1:05:30
  guys. The counterculture now looks
• 1:05:33
  very similar to what it used to be in the past.
• 1:05:35
  Provide value. Save.
• 1:05:37
  Build a family. Do things productively, Eat
• 1:05:40
  good, get exercise. The things your grandma probably
• 1:05:43
  told you when you were growing up.
• 1:05:44
  We seem to have forgotten these simple lessons.
• 1:05:47
  Focus on yourself as much as possible.
• 1:05:49
  Not in a selfish, arrogant way, in a way that is, you know, it's
• 1:05:53
  kind of come from scripture. I I'm pretty sure it's scripture
• 1:05:55
  like let your cup overflow first before you think about helping
• 1:05:58
  other people guys fix yourself 1st.
• 1:06:01
  And I think this is the most important message I can say to
• 1:06:04
  you guys right now because everyone is losing their minds.
• 1:06:08
  And I I I just, I've been asking myself Nico, like what can we do
• 1:06:13
  right now besides just fixing what you can in your life get
• 1:06:18
  like it's kind of like the Jordan piece and like make your
• 1:06:20
  bed. Like literally make your bed.
• 1:06:23
  Like do small things and the small things add up into big
• 1:06:26
  things. So I don't know it it might seem
• 1:06:29
  a little, I don't know, naive maybe it might seem a little, I
• 1:06:36
  don't know, like like woo woo here.
• 1:06:38
  But like the most important thing to be doing right now,
• 1:06:41
  guys, is focus on what you can control in your life and let
• 1:06:45
  everything else take care of itself.
• 1:06:47
  It's like the Serenity Prayer. You know what's the give me
• 1:06:50
  strength to accept the things I cannot change, the courage to
• 1:06:53
  change the things I can, and the wisdom to know the difference.
• 1:06:56
  I think right now you need to just act with wisdom.
• 1:07:00
  Get your get your life in order guys and and and opt out of this
• 1:07:03
  madness. Like I I don't believe in
• 1:07:06
  hurting other people. I believe in principle and truth
• 1:07:09
  and you know, being a good person.
• 1:07:12
  And I think most of you agree with me.
• 1:07:14
  Well opt out of this saving Bitcoin.
• 1:07:16
  Spread that signal to more people.
• 1:07:18
  Make sure more people are waking up to the freedom money.
• 1:07:21
  Make sure more people are waking up to the madness.
• 1:07:24
  And then get Bitcoin. Hand Bitcoin in their hands.
• 1:07:26
  Yes yellow it is Opti Peterson 100%.
• 1:07:31
  Make your bed do do productive things.
• 1:07:33
  Guys get outside like Deadlands. Who's losing their minds, dude?
• 1:07:39
  All of the average people that aren't bitcoiners.
• 1:07:42
  Dude, I mean, bro, hold on, hold on a second.
• 1:07:44
  Who's losing their mind? Dude, Go on to everyone.
• 1:07:47
  Every bro. It's like, it's it's people
• 1:07:49
  don't understand. Like it's like, it's a frenzy,
• 1:07:54
  right? It's a, you know, the current
• 1:07:55
  thing meme of like the like they what they called the woe Jack,
• 1:07:59
  right? Where it's like the NPC meme
• 1:08:01
  guy, right? And then they're like replacing
• 1:08:04
  his chip with like, the current thing.
• 1:08:06
  It's always the current thing and that's not to diminish any
• 1:08:10
  of the atrocities that are happening, right?
• 1:08:14
  And I'm not even going to like that is such a hot topic that
• 1:08:18
  I'm not even going to chime into it.
• 1:08:20
  I'm not denying that's that that horrible things are happening in
• 1:08:23
  the world, right? But the question for you is what
• 1:08:28
  can you do about it, right? Like, what do you like?
• 1:08:31
  What can you do about it? I'm telling you, you want to
• 1:08:34
  make the world a better place. One thing at a time, opt out of
• 1:08:39
  the system that funds the endless wars and opt into
• 1:08:44
  Bitcoin. And I truly believe that if you
• 1:08:47
  fix the base layer of society and you give people a fighting
• 1:08:52
  chance to make a living no matter where they happen to be
• 1:08:56
  born in, I think the world's going to be a better place.
• 1:08:59
  Now is that going to get magically get rid of religious
• 1:09:03
  violence or it's going to get rid of?
• 1:09:06
  You know, people wanting to kill each other because of their
• 1:09:08
  differences, I don't think so. But I think that it it it, I
• 1:09:13
  think that it has a chance to reducing it by a long shot
• 1:09:16
  because, you know, there's a meme that we have in bitcoins.
• 1:09:19
  Bitcoin makes war unaffordable, right?
• 1:09:23
  And I truly believe this. I think most people, 99% of
• 1:09:28
  people just want to get by. They just want to put food on
• 1:09:32
  the table for their families. They just want to feed their
• 1:09:34
  families. Right.
• 1:09:38
  And I think Bitcoin is for them. It really is.
• 1:09:42
  No bitcoins for everyone, truly. But Bitcoin protects them.
• 1:09:46
  It protects them from being forced to go along the ride of,
• 1:09:52
  you know, this political madness.
• 1:09:54
  So yeah, in this crazy, crazy world, with all these horrible
• 1:09:58
  things happening. I find serenity, I find peace.
• 1:10:03
  I find tranquility. I found my Bitcoin Zen, holding
• 1:10:07
  Bitcoin, taking self custody of my Bitcoin.
• 1:10:10
  And I'm watching, you know, look in look in the world and I'm not
• 1:10:13
  denying that these things, these things are horrible, right?
• 1:10:16
  Because we have to keep up with the news to do a good job on
• 1:10:20
  this show. So things that are happening are
• 1:10:23
  pretty bad, right In multiple places around the world.
• 1:10:27
  I'm there. I'm not denying that whatsoever.
• 1:10:30
  But my question, my ask to you is what can you do about it as
• 1:10:36
  an individual? You know what you could do?
• 1:10:38
  Defund the system, defund the war machine.
• 1:10:42
  And the way that you do it is you buy Bitcoin, earn Bitcoin,
• 1:10:44
  mind Bitcoin, and take that Bitcoin into self custody.
• 1:10:49
  Out of the hands of the monetary demons, out of the hands of the
• 1:10:52
  unproductive class, out of the hands, out of the there's a
• 1:10:55
  parasite. What is the what's the parasite?
• 1:10:57
  One that you like to say? Parasitic class?
• 1:11:01
  Parasitic is that unproductive parasite class.
• 1:11:04
  There we go. There we go.
• 1:11:05
  The monetary I'm just going to stick with monetary demons.
• 1:11:08
  I like parasite class. Anyways, we got a St.
• 1:11:11
  Opti on Thursday coming. It's just like it, like I feel.
• 1:11:15
  You, dude. The thing is, I feel you 100%,
• 1:11:17
  yeah, there's so much frustration and you're like,
• 1:11:19
  what do we? Do you're like, holy fuck, this
• 1:11:21
  is crazy. And so you're looking at the
• 1:11:23
  videos and you're like, holy fuck, that is pretty fucking
• 1:11:25
  crazy. But it's like, like, yeah, man,
• 1:11:28
  like, it's like, what can you do?
• 1:11:30
  What can you do? Like spread peace and love And
• 1:11:34
  what better reason? What better reason?
• 1:11:39
  Like, what better way to spread peace and love than like
• 1:11:42
  literally earning in a money that can't be the base, it can't
• 1:11:46
  be confiscated from you, it can't be stolen from you.
• 1:11:48
  I truly believe most important thing it.
• 1:11:51
  Really is like people don't understand.
• 1:11:54
  Look, they said it in the very, very beginning.
• 1:11:56
  They mentioned World War One, right?
• 1:11:58
  The biggest World wars. That have happened.
• 1:12:02
  What's that? That quote from Ron Paul?
• 1:12:04
  It's not a coincidence that the century of central banking is
• 1:12:08
  also the bloodiest century in human history.
• 1:12:12
  The money printer is what feeds the endless wars you take away
• 1:12:17
  the money printer, there's no more funding to go to war.
• 1:12:21
  There's no more funding to kill each other.
• 1:12:24
  War is just destructive. And again, sometimes, like in I,
• 1:12:27
  I'm sure this is going to be very unpopular with Bitcoin.
• 1:12:30
  Or sometimes you could say wars is is absolutely necessary,
• 1:12:33
  especially if you have to protect yourself.
• 1:12:36
  But the endless wars that we're seeing right now that there's
• 1:12:39
  no, that there's no, there's no reasoning to them like you can't
• 1:12:43
  reason like, oh, why am I doing this?
• 1:12:46
  Like, clearly it's to enrich a certain set of people.
• 1:12:50
  Anyways, well, hey, not not to like, take it like.
• 1:12:53
  We we definitely went hard in the culture segment today, bro.
• 1:12:56
  We. Went deep down that rabbit hole
• 1:12:58
  without saying anything. I mean, guys, look, again, not
• 1:13:04
  to be insensitive here, but it's no coincidence that there's
• 1:13:07
  another war that is probably in the depths of a recession.
• 1:13:11
  We know historically that war can get you out of recessions
• 1:13:15
  and depressions and no. They they use war exactly when
• 1:13:19
  they when shit is really hitting the fan.
• 1:13:22
  Like the the ruling class use war as an optout mechanism,
• 1:13:27
  right? Rather than dealing with the
• 1:13:28
  riots in the streets, with the guillotines coming out
• 1:13:31
  metaphorically, right? They, you know, they take the
• 1:13:36
  country to war, right? That's what they do.
• 1:13:39
  And history has shown that when the country goes to war, it's
• 1:13:42
  like everyone comes together, right?
• 1:13:44
  And the other supportive, it's like, yes, I'm going to stand
• 1:13:47
  up, but who loses? Who loses when countries go to
• 1:13:50
  war? The average person?
• 1:13:52
  All of us. The everyday person, right?
• 1:13:55
  So defund war by Bitcoin. That's our message in the
• 1:13:59
  culture segment. Without getting into any of the
• 1:14:02
  specifics, because we know it's a very hot button issue, but
• 1:14:05
  yeah, it's it's horrible what's happening.
• 1:14:08
  I have empathy for it, you know, It's really fucked up.
• 1:14:11
  It's extremely fucked up, but. But what can we do about it?
• 1:14:14
  I think, I think, you know, Bitcoin fixes.
• 1:14:17
  This is one of those things that Bitcoin.
• 1:14:18
  Bitcoin really does fix everything except for when the
• 1:14:21
  airlines lose my bags. I don't think Bitcoin fixes
• 1:14:24
  that. Yes, yes it does.
• 1:14:25
  We need better airlines. We need better private airlines.
• 1:14:29
  All right, everybody, let's get to the memes.
• 1:14:31
  Cheaper private airline. The Daily Meme Review.
• 1:14:43
  All right, guys. That was that was that was nice.
• 1:14:45
  I like that I I was thinking about exactly what to do today
• 1:14:49
  and I don't know. I I guess I had to get it off my
• 1:14:51
  chest and and hopefully inspire some of you guys to get to you
• 1:14:54
  know focus on what you can. This is really, this is really
• 1:14:57
  what it means to be an individual versus the
• 1:14:59
  collectivist. It's trying not to fall into
• 1:15:01
  that group. Think guys like do what's best
• 1:15:03
  for yourself. Make sure your family's good.
• 1:15:05
  Make sure you're good. Make sure you're you're the best
• 1:15:07
  possible version of yourself because Bitcoin changes you.
• 1:15:10
  You don't change Bitcoin. And once everyone does this,
• 1:15:13
  then things will start to get back to some kind of normalcy.
• 1:15:17
  I don't know if we'll ever see normalcy again in our lives,
• 1:15:19
  it's probably going to get even crazier.
• 1:15:21
  But anyways. Anyways, this is the main review
• 1:15:23
  guys where you send us memes on Twitter.
• 1:15:25
  Tag me at simply Bitcoin TV or at my personal account at
• 1:15:28
  optimist fields or drop them in our telegram group.
• 1:15:30
  T dot me slash simply Bitcoin TV shsla the TK calling the calls
• 1:15:36
  of action in the telegram group guys give me the memes in the
• 1:15:39
  telegram group. I I'm I look in there but you
• 1:15:42
  guys have just a lively conversation and not enough
• 1:15:44
  memes in there. I need the tweets guys anyways.
• 1:15:47
  Tweets of the bullets, Memes of the artillery.
• 1:15:50
  We are in an information war. As you can tell people are
• 1:15:53
  getting caught up in the frenzy. Everyone's falling for the
• 1:15:56
  psyops so continue to spread the signal and shouts out the space
• 1:16:01
  bullets. The Space Bowl Heavy show today
• 1:16:04
  shouts out the Maytex. And this is a very simple
• 1:16:06
  message here. We don't want to fucking die in
• 1:16:09
  your war. This is why we stack Bitcoin.
• 1:16:12
  This is why we've opted out. It's madness.
• 1:16:15
  I do not want to partake in the madness.
• 1:16:17
  I do not want to take partake in the Fiat disease that takes over
• 1:16:22
  your mind. Parasite class, siphoning off
• 1:16:26
  your energy and your value. I'm done with it.
• 1:16:29
  Anyways, next meme is by Glock E or Clucky's goes hashtag.
• 1:16:34
  Bitcoin is unconfiscable and I love this one.
• 1:16:38
  You know, even Nico was talking about George Washington in the
• 1:16:40
  beginning and you know we got some red coats here and it goes.
• 1:16:43
  I say Sir, hand over your Bitcoin and we got the founding
• 1:16:46
  fathers with laser eyes and cold cards and it goes go with and
• 1:16:49
  fuck yourself or go with and fucketh thyself.
• 1:16:53
  No, we have opted out of the Fiat madness guys use a money
• 1:16:59
  that they can't debase. It's very simple.
• 1:17:02
  You need to hold something. You might as well hold something
• 1:17:04
  that cannot be stolen from you. Anyways, next meme is my Maxi's
• 1:17:07
  club and it goes 556 No. And we got the newbies out here
• 1:17:12
  watching the Bitcoin price go down and they're like, no, we're
• 1:17:16
  getting poorer. What's going on?
• 1:17:18
  Is Bitcoin dead? And then the Bitcoin that's been
• 1:17:21
  around for a while goes thanks for the cheap set, weak hands.
• 1:17:24
  This is the way. Continue to stack sets.
• 1:17:27
  Always stack sets. Constantly stack sets.
• 1:17:30
  Always be buying Bitcoin. This is the way.
• 1:17:32
  All right. Next one is by AutoCAD 21.
• 1:17:35
  And you know me for the West Coast.
• 1:17:38
  I love N.W.A, so I really love this.
• 1:17:41
  Take this reiteration of a classic classic album and it
• 1:17:46
  goes BTC straight out of Fiat with some Bitcoin logos and some
• 1:17:50
  Fiat or laser eyes. And I don't know what it says
• 1:17:53
  down here, but we'll see. Yeah.
• 1:17:55
  Anyways, straight out of Fiat, this is me.
• 1:17:58
  You know, watching the price go down and go sideways really
• 1:18:00
  hurts when you have no dry powder on the side.
• 1:18:02
  Anyways, the next one is by Max Kaiser.
• 1:18:05
  And this one, it really, it really does feel like this.
• 1:18:07
  Guys, we got a family here, some bitcoiners with, you know,
• 1:18:12
  husband and wife, and it goes with Bitcoin.
• 1:18:14
  No one is coming to enslave you. We can live a good life here at
• 1:18:18
  Bitcoin beach, El Salvador. And the wife goes, yes, and this
• 1:18:21
  is El Zonte. Absolutely love it.
• 1:18:24
  Great, great time. It really feels like that man
• 1:18:27
  being on the Bitcoin. Standard I do.
• 1:18:29
  Haven't been, bro. I'm I'm excited for the having
• 1:18:31
  party. By the way.
• 1:18:32
  Yeah, we're going to be there, right?
• 1:18:35
  We're going to be at the having party.
• 1:18:36
  Hope so. Fuck yeah.
• 1:18:37
  But I mean, we are. We are.
• 1:18:39
  Unless something crazy happened, We've committed.
• 1:18:41
  We've already committed to Big Sean.
• 1:18:42
  We're going. We'll save money.
• 1:18:44
  We'll share room or something. It was share room.
• 1:18:49
  Like the good, Like the good old times.
• 1:18:51
  Now we're going to get trolled. Geez.
• 1:18:54
  OK, this next. Little spoon A big spoon at PB I
• 1:18:59
  I was the big spoon. Yeah, yeah, Chris, Chris, Chris
• 1:19:04
  isn't the little spoon very often so he wanted some warmth.
• 1:19:07
  All right. Anyways at MTCBTC on Twitter
• 1:19:12
  goes Bitcoin is the decentralized alternative to
• 1:19:15
  Fiat fueled terrorism and war. Give keys a chance and it's just
• 1:19:19
  a Bitcoin logo. A play on give peace a chance.
• 1:19:21
  Give keys a chance. Guys, opt out into a better
• 1:19:25
  money that cannot be stolen from you to fund wars.
• 1:19:31
  Bitcoin is freedom. Bitcoin is peace.
• 1:19:33
  This is the separation of money and state.
• 1:19:35
  Opt out of the madness. Build yourself a life that you
• 1:19:38
  can be proud of. And then this last one.
• 1:19:41
  Shout out to the Darth coin. He's trolling me yesterday.
• 1:19:45
  Have we not shown Chrissy and Yellen together?
• 1:19:49
  Have we not shown the? Not yet, anyways.
• 1:19:52
  I don't know. I'll pull it up.
• 1:19:53
  I'll pull it up right here. But we have Darth Coin here.
• 1:19:56
  We have Darth Coin here from the telegram group.
• 1:19:58
  And he goes, guys, this is the real.
• 1:20:01
  Office from where Kenny is broadcasting live for SB show
• 1:20:04
  and you can see in the background he's got blocked by
• 1:20:06
  and Coinbase and Chrissy Lagarde over here.
• 1:20:08
  I'm getting trolled. This is a feature, not a bug.
• 1:20:12
  You you throw opti, it is what it is.
• 1:20:14
  It is what it is anyways. Drop your meme when you score in
• 1:20:18
  the chat the other Side of Nico and we will cover hours live.
• 1:20:23
  In the meantime, are you looking for the meme?
• 1:20:25
  Is that going to be your? Meme review.
• 1:20:26
  I can't find it. I can't find it.
• 1:20:28
  But no, that's not going to be my my review score is my my, my
• 1:20:32
  pass from South. Pacific Bitcoin By the way,
• 1:20:38
  guys, get your tickets to Pacific Bitcoin 2024.
• 1:20:42
  Get it right now because there's the early bird tickets.
• 1:20:46
  So you'll get you'll you'll get your tickets very, very cheap.
• 1:20:50
  Go to pacificbitcoin.com. Get your tickets.
• 1:20:52
  Anyways, my main review score is there's lock key that is in my
• 1:20:58
  dad's office. Bitcoin is the key to freedom,
• 1:21:02
  peace and prosperity. This is the way.
• 1:21:05
  Dad deserves some bars and my lack of freedom.
• 1:21:14
  Is a potato, Greg? Is a potato.
• 1:21:16
  All right, everybody, please help us support the show.
• 1:21:20
  And the way that you could do that is buying our merch.
• 1:21:23
  Opti is modeling the classic simply Bitcoin Earned Orange
• 1:21:27
  Hoodie. It's high quality.
• 1:21:28
  It literally says Bitcoin. Or slavery in the stitching.
• 1:21:31
  It's so bright too you you gotta.
• 1:21:34
  You will not get lost if you're in the snow.
• 1:21:36
  Get yourself a simply Bitcoin hoodie and as Rope was saying,
• 1:21:39
  great hunting season hoodies because it's very bright.
• 1:21:44
  Don't get lost in the woods. And you can get yourself a
• 1:21:46
  simply Bitcoin tshirt. I just go to the video
• 1:21:49
  description and you can get yourself some simply Bitcoin
• 1:21:53
  merch. All right everybody, it is time
• 1:21:56
  to go through some of the meme scores.
• 1:22:03
  All right, All right. Next 1st meme score is by
• 1:22:07
  Matthew J. Meme score 9 pieces out of
• 1:22:11
  eight. I don't understand, but that
• 1:22:13
  means that it's a perfect story. No pieces of eight.
• 1:22:16
  Go look it up guys. All right then last meme answer
• 1:22:22
  from Niko Niko, I send you videos of Bitcoin graffiti on X
• 1:22:27
  Bitcoin or death art in my town. No answer.
• 1:22:30
  Have you seen No, no. Please tag the simply Bitcoin
• 1:22:33
  hand. Okay, you know what?
• 1:22:36
  Post it on Twitter and tag us. Drop your handle.
• 1:22:39
  In the In the In the chat so I could find you sorry I have my
• 1:22:42
  notifications off Son of Satoshi Meme Meme Review 3 Pastelitos de
• 1:22:49
  Guayava Iqueso Oof Absolutely delicious.
• 1:22:53
  Next one by Phillip Rizzo I score the memes Chancer on Brink
• 1:22:58
  of second bailout for banks Bullish.
• 1:23:01
  Great score. Uh, Skico 05 opti doing 2 twirls
• 1:23:06
  in that hoodie. Hey dude, I don't have enough.
• 1:23:09
  I don't have enough room to twirl.
• 1:23:11
  I don't have enough room to. Have asked Opti.
• 1:23:13
  The people have enough room to twirl.
• 1:23:14
  I'm gonna put you full screen until you twirl.
• 1:23:17
  I can't twirl. Attempt to twirl.
• 1:23:20
  Yes, there we go. We got one twirl.
• 1:23:26
  All right, all right, all right. You got one?
• 1:23:29
  I I don't have enough space, there's no space to twirl all.
• 1:23:38
  Right, you got it. You got what you asked for if
• 1:23:41
  you're enjoying the show. But guys by the way subscribe
• 1:23:44
  and hit that like button really helps us.
• 1:23:47
  Anyways, Phil C gives the memes $20 Bitcoin purchase on Strike
• 1:23:51
  app right now, OK? Christine Lagarde praying mantis
• 1:23:57
  version scored Niko and Opti sharing a beachfront hotel room,
• 1:24:00
  watching the orange sunset holding each other.
• 1:24:03
  Yes, this is the way. This is the way.
• 1:24:06
  Holding each other's private keys?
• 1:24:07
  That is funny. The Bitcoin bugle.
• 1:24:10
  Hey, what's up dude? My my score is a scale to weight
• 1:24:14
  replicators at Pacific Bitcoin 2024.
• 1:24:17
  I don't know what replicators are.
• 1:24:20
  What is that? If you know, you know, it looks
• 1:24:28
  I did Hugo. Hugo.
• 1:24:30
  It looks like Nico is not reading enough Bitcoin bugle.
• 1:24:34
  Wait, wait, wait, no bro. Last time I read a Bitcoin Bugle
• 1:24:38
  article, he said that that Elon Musk was Elon Musk got all the
• 1:24:47
  Bitcoin wives from oh shit. So yeah, that was a good one.
• 1:24:52
  All right. Anyways, anyways guys, if you
• 1:24:55
  enjoyed the show, make sure to smash that like button.
• 1:24:57
  Consider subscribing if you feel like we provided you value.
• 1:25:00
  But the number one thing you could do to help push the
• 1:25:03
  peaceful Bitcoin revolution is share Bitcoin content.
• 1:25:06
  Share this content. Share other Bitcoin content.
• 1:25:09
  Whatever floats your boat. Just get the orange signal out
• 1:25:13
  there. Get the message out into the
• 1:25:16
  masses. This is how we win this peaceful
• 1:25:19
  Bitcoin revolution. I'm your host Nico.
• 1:25:21
  This is my legendary cohost, Optimist Fields.
• 1:25:23
  You could find us on Twitter. Hey, if please drop your handle
• 1:25:27
  in the chat and I'll. I'll make sure to look at the
• 1:25:30
  the stuff that you made for us. We love you guys.
• 1:25:33
  Opti's going to be holding it down on Twitter Spaces with our
• 1:25:35
  friends over at Swan Bitcoin. Best place to build your Bitcoin
• 1:25:38
  stack. He's going to be holding it down
• 1:25:40
  till 2:00 PM Eastern Standard Time.
• 1:25:41
  Shout out to the best producer in the game, Producer Jacob.
• 1:25:46
  Anyways guys, we will see you tomorrow for a brand new episode
• 1:25:49
  of Simply Bitcoin Live. Peace out y'all.
• 1:26:03
  Hello guys, how are you doing today's show in long?
• 1:26:07
  We've been going pretty long now.
• 1:26:09
  Anyways, this is a Bitcoin space by bitcoins for bitcoins, so
• 1:26:12
  come up here. Add your two sets to the
• 1:26:13
  conversation. Actually, I'd kind of like to
• 1:26:16
  hey Brandon, if you can come up here and maybe town some other
• 1:26:19
  Ragnar kind of Bitcoin. I I kind of like to jump in on
• 1:26:25
  this whole, like what can you do right now as a bitcoiner?