Latest / Simply Bitcoin / BREAKING: Argentina to Force Bitcoin Users to Register | EP 960

Transcript

BREAKING: Argentina to Force Bitcoin Users to Register | EP 960 · Simply Bitcoin

• 0:03
  It's all. Going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin, You're
• 0:17
  against freedom. Yeah, welcome to another episode
• 0:24
  of simply Bitcoin live, your number one source for the
• 0:27
  peaceful Bitcoin revolution, car breaking news culture, matic
• 0:29
  warfare. We will be your guide through
• 0:31
  the separation of money and save.
• 0:32
  Ladies and gentlemen, welcome to the most watched daily Bitcoin
• 0:35
  live show on YouTube, Rumble NX. And of course, shout out to our
• 0:40
  our audio audience on our on the podcast platforms seems to be
• 0:44
  breaking records as well. So appreciate you guys.
• 0:47
  We are streaming live from the land of freedom, El Salvador.
• 0:51
  I'm at the base of a volcano right now.
• 0:53
  Absolutely beautiful tried to give you guys a great view.
• 0:57
  I'm absolutely pumped. I have a dinner tonight with
• 1:01
  Kaiser BTC sessions, me Premier Bitcoin and then we have the
• 1:05
  having party, which we will be streaming live from.
• 1:08
  We'll be doing simply Bitcoin live shows from there.
• 1:11
  So it's going to be a great time.
• 1:13
  I'm very, very excited. First impressions on El
• 1:16
  Salvador. So I've, I'm, I'm bilingual, I
• 1:19
  speak Spanish shows. I've been talking to locals like
• 1:24
  basically the entire time I've been here.
• 1:26
  And I wanted to get to know the truth, right?
• 1:28
  Like what's going on? So the general consensus is
• 1:32
  people love Naim Bukele, people love what he's doing.
• 1:36
  People support what he's doing. People appreciate what he's
• 1:40
  doing. And that is the general
• 1:43
  consensus. That's what I've got.
• 1:45
  And I've, I've brought up a lot of, I've tried to play devil's
• 1:47
  advocate like this and this and that.
• 1:49
  People don't really, they're just like, no, you don't
• 1:52
  understand how bad things were and how mass of an improvement
• 1:56
  this has been. And from someone who has lived
• 1:59
  in various places in Latin America, whether it's the
• 2:03
  Dominican Republic, Colombia, Ecuador, Panama, I spend a
• 2:08
  little bit of time in Dominican Republic.
• 2:11
  When I was younger, I spent time in Venezuela.
• 2:13
  What I could tell you here is that there's hope, there's a
• 2:15
  good energy, there's good vibes, and I really feel it.
• 2:20
  I really feel it. Maybe I'm a little bit biased
• 2:22
  because I'm a Bitcoiner, but I feel it.
• 2:24
  So that's on the Naim Bukele side.
• 2:27
  I'm really hopeful about the future of El Salvador.
• 2:30
  I, I really like this place is going to be awesome in the next
• 2:33
  5-10 years. OK.
• 2:34
  That being said, on the Bitcoin side of things, it's a little
• 2:38
  bit of a different story. I tried to pay the moment I got
• 2:42
  in and there's an immigration kind of entry fee.
• 2:45
  I said, hey, can I pay in Bitcoin?
• 2:48
  Because I've, I've heard that before.
• 2:50
  I heard that was the thing and I didn't have any Bitcoin on chain
• 2:54
  on my phone. So I so the lady ash the the
• 2:58
  immigration agent even asked me she's like Bitcoin or lightning
• 3:02
  and I'm like lightning. I literally took out my Zeus
• 3:05
  wallet, which is connected to my get Albie account.
• 3:07
  I literally paid in lightning took 30 seconds, like literally
• 3:11
  less than 30 seconds like immediately lightning fast
• 3:14
  literally. And if anyone doesn't believe
• 3:17
  me, check out my Twitter. You know, don't trust verify.
• 3:19
  I have have the receipt right there.
• 3:22
  That was really cool. Now when I left the airport, I
• 3:25
  started talking to kind of different people and a lot of
• 3:28
  people approached me and they asked me for, you know, do you
• 3:33
  need a taxi and you need a ride? I said, sure, how much are you
• 3:36
  going to charge me? I'm like trying to find like
• 3:38
  who's going to charge me the least?
• 3:40
  I said, do you accept Bitcoin? Right?
• 3:42
  No, people said no, I, I, I, I had Achievo wallet.
• 3:45
  I don't really use it anymore. You know, that's basically the
• 3:50
  general consensus of it. And then I got into an Uber,
• 3:53
  which happened to be the best deal to go to Sun Side.
• 3:56
  Rather, their capital is about a 45 minute drive from the airport
• 4:00
  to Sun Side Blvd., where I'm staying currently.
• 4:03
  And I was talking and I was like, do you, do you, do you use
• 4:06
  Bitcoin? And his answer was really
• 4:08
  interesting. He's like in the beginning, like
• 4:10
  not really like a lot of people haven't really used it.
• 4:12
  But since the price has gone up, I've used it to save, which I
• 4:17
  found is interesting. It's like we don't really use it
• 4:19
  for like transactional aspects like people didn't quite
• 4:22
  understand. But as the price has gone up, as
• 4:25
  number go up, technology does its thing.
• 4:27
  It seems to have garnered more interest, which I thought was
• 4:30
  really fascinating. And that's something that I've
• 4:32
  seen, you know, being a Bitcoin educator for eight years now.
• 4:36
  The number one convincer doesn't matter how much education,
• 4:39
  doesn't matter how much you teach people about sound money
• 4:42
  and all the things that we always say.
• 4:44
  Like the number one convincer is NGU technology.
• 4:48
  And it seems like even in El Salvador, NGU technology is
• 4:52
  doing its thing. We got it's Scott Hawkins in the
• 4:57
  chat. Nice.
• 4:57
  He wanted the volcano in the background, and he did it.
• 4:59
  Got to celebrate the little wins.
• 5:00
  I told you I was gonna do it, man.
• 5:03
  So, yeah. So that's the deal with El
• 5:06
  Salvador. But today's episode, I kind of
• 5:09
  wanted to give you guys the breakdown in the beginning
• 5:10
  'cause I promised you guys. But today's episode, we're going
• 5:13
  to focus mostly on Argentina. What is going on in Argentina?
• 5:18
  It seems like Javier Malay bent the knee.
• 5:22
  Unfortunately, there there's a tweet by Max Kaiser in the
• 5:25
  morning. He says tragic betrayal by
• 5:27
  Javier to his people. And what am I referring to?
• 5:32
  A a, an article on Forbes by our buddy, our boy Javier Bastardo.
• 5:37
  I'm going to see him a couple days at the half in the having
• 5:39
  party who's been covering Bitcoin in the in the global
• 5:43
  South and the name of the the headline of the article is
• 5:46
  Argentina unveiled mandatory registry for Bitcoin and crypto
• 5:52
  platforms. Right.
• 5:53
  I dug a little bit deeper into where this came from, and it
• 5:58
  came from the Financial Action Task Force.
• 6:01
  This is something that we've covered a lot on simply Bitcoin,
• 6:05
  especially in the early days. We haven't covered it in in
• 6:08
  quite a while. And we're going to do like a
• 6:11
  deep dive on who they are. They're an unelected bureaucracy
• 6:16
  that essentially gets to dictate what the financial regulations
• 6:20
  are for the world. But like you guys know, if
• 6:23
  you've been watching simply Bitcoin for a while, first of
• 6:26
  all, governments play by a different set of rules.
• 6:29
  Politicians play by a different set of rules.
• 6:31
  And then they expect their citizens, their constituents,
• 6:34
  their slaves. That's a strong word to follow a
• 6:37
  different set of rules, right? So I find that interesting.
• 6:40
  What is the Fatfa? Is the Fatfa actually, you know,
• 6:44
  being useful? Is it succeeding in its goal,
• 6:48
  which is to limit money laundering, to limit terrorist
• 6:51
  financing? Is it one of those cases of the
• 6:55
  road to hell is paved in good intentions?
• 6:57
  Is it good intentions that have run a muck?
• 7:00
  Anyways, I'll break it down for you guys.
• 7:02
  I'll make the case and I'll let you guys do the side.
• 7:06
  I'll let you guys decide. And then in other news, of
• 7:09
  course, Natalie Burnell doing what Natalie Burnell does best.
• 7:12
  She's going on the legacy financial media and she is
• 7:15
  dropping the sauce. I'm going to play you guys one
• 7:17
  of her latest clips from Fox Business.
• 7:20
  Natalie always coming in with the fire.
• 7:23
  And we have a very, very special guest today.
• 7:26
  One of my favorite Bitcoin artists.
• 7:28
  I've spent so much Bitcoin on his art.
• 7:31
  And of course, I'm talking about mates Madex and I think you do
• 7:35
  the design, you're the the the design person for bull Bitcoin,
• 7:40
  if I'm not mistaken as well, right?
• 7:43
  Yeah, that's correct. How you doing Madex?
• 7:46
  Thank you for coming on the show man, happy to have you.
• 7:49
  How you doing bro? I'm doing well man, Thank you
• 7:52
  very much. Happy to be here and and yeah,
• 7:57
  share what I'm up to and you know, some perspectives on
• 8:00
  things and talk about bull a bit, Yeah.
• 8:05
  You got one. Of the panel looks great in the
• 8:07
  background. There you got one of your, your,
• 8:10
  your epic paintings in the back. And is that like a new piece?
• 8:14
  Is that something that you've been working on for a while?
• 8:17
  No, this one is very old. This is from 2018, so it's
• 8:22
  completed between 2016 and 2018. And I'm not at the studio right
• 8:29
  now. I'm going in right after this
• 8:33
  and I don't have much of my own art in my personal home.
• 8:38
  This is the only one I I have. So I set up here beside it.
• 8:43
  And yeah, I try to keep other Bitcoin artists art in my house.
• 8:47
  So that's kind of, that's most of what I got on the walls here.
• 8:52
  It's like my private collection. And then at the studio, it's
• 8:55
  entirely, everything is made X. There's nothing not made X at
• 8:59
  the studio just so when when people come to visit, they don't
• 9:03
  get confused and they're like, oh, you know, I want to buy this
• 9:07
  one and I'm like, well, that's actually you know, a $10,000
• 9:10
  crypto graffiti piece, but there's some made X over here
• 9:14
  you. Know so I.
• 9:16
  So there's nothing else, nothing but made X at the studio and
• 9:19
  then at home I keep. But this is an old one that my
• 9:24
  girlfriend really likes, so we keep it here.
• 9:26
  Well, happy to have you on the show, man.
• 9:28
  And you know, it's like I said, like if we want to win this war,
• 9:34
  it's about winning over the hearts and minds and the the
• 9:38
  taking over the culture is a very important part of it.
• 9:41
  And art plays such an essential role in culture that, you know,
• 9:47
  the more Bitcoin artists, the more Bitcoin content, the more
• 9:50
  Bitcoin music artists, the better, right?
• 9:53
  That's how you really, you know, spread the Bitcoin ethos.
• 9:57
  It's not just about content. It's just not about a number go
• 10:00
  up. It's about fundamentally
• 10:02
  changing the way that, you know, the way that people see money,
• 10:07
  the way that they, the people, the way that people see the
• 10:10
  state, the role of the state in their lives.
• 10:13
  I actually have a sticker on my mic stand.
• 10:16
  It says come and take it. And it's one of your, you know,
• 10:19
  made X stickers. I'm pretty sure you made it into
• 10:21
  a piece as well. And you know, a lot of your
• 10:25
  pieces are like that. They're a little bit cryptic in
• 10:27
  a way, but they still signify, right, the separation of money
• 10:30
  and state, the Bitcoin ethos. It's all in there, right.
• 10:33
  So I'm very excited to have made X on the show today and of
• 10:36
  course, my legendary Co host who's always optimistic.
• 10:39
  He's going to be joining me in El Salvador, I think tomorrow,
• 10:42
  Opti and. So.
• 10:46
  Sophie's gonna be in the cohost seat tomorrow, so that should be
• 10:49
  good. I know a lot of a lot of
• 10:50
  everyone was asking where's Sophie?
• 10:52
  So Sophie's gonna be joining me tomorrow.
• 10:54
  How you doing Opti? I'm doing wonderful, man.
• 10:57
  Like I say all the time, it's hard to not be happy when you
• 11:00
  live on the Bitcoin standard and the Fiat clown world's crumbling
• 11:03
  around you and you're just like, hey man, life's great.
• 11:05
  I just get to come out here and create and saving the hardest
• 11:08
  money ever known. But before we get into that, I
• 11:11
  do want to touch on an aspect that you just that you just
• 11:14
  talked about people in El Salvador is kind of the idea of
• 11:17
  like bimetalism here. You can see that, you know,
• 11:20
  they're it's not like someone's telling these people in El
• 11:23
  Salvador or the people of El Salvador that they should save
• 11:26
  Bitcoin and spend their dirty Fiat, but it's playing out in
• 11:29
  real time where they understand, Oh, wow, number go up is great.
• 11:32
  I save in Bitcoin and I use The Dirty local currencies to buy
• 11:37
  the things that I need. And so I think this is a great
• 11:40
  first step for the adoption of Bitcoin.
• 11:42
  And what do you always say? You know, El Salvador is the
• 11:44
  beachhead for Bitcoin, and now you're down the beachfront.
• 11:47
  Yeah. And you, now you're down there
• 11:49
  and you can experience it. I was down there two years ago.
• 11:51
  So I can't wait to get down there tomorrow and hang out with
• 11:54
  all the boys down there. Yeah, 100%.
• 11:57
  So and you know, especially today on today's like theme and
• 12:01
  just what we're going to talk about today, how El Salvador has
• 12:04
  taken a specific path seems like Argentina, you know, even though
• 12:08
  it's a Libertarian candidate, right seems to be taking, you
• 12:12
  know, another path, which I find interesting.
• 12:14
  So anyway, it's gonna be a great show.
• 12:16
  If you guys are enjoying this content so far, make sure to
• 12:20
  smash that like button really, really helps with the algos.
• 12:23
  Help us break 100 likes within the first hour on YouTube.
• 12:27
  And if again, you're watching this on rumble smashed a little,
• 12:31
  it's a great out thumbs up. You could smash it turns green
• 12:34
  and on Twitter, it seems like a Twitter live streams have been
• 12:36
  picking up. You can smash that light in as
• 12:39
  well. So guys, I'm extremely hyped
• 12:41
  about today's show. It's going to show no more
• 12:44
  delay. Let's jump straight into it.
• 12:46
  But before we do that, I definitely want to give a very,
• 12:51
  very special shout out to our flagship sponsor.
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  And of course, and I'm not using the right video screen for that.
• 13:00
  We got to use this one. Vacation.
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  Mode Nico do it do it we got to do it live we got to do it live
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  anything on the website at the time of recording.
• 16:21
  Seems like bitcoins had a little bit of a dip which gives you an
• 16:24
  opportunity to stack those chat those stats cheaply $65,470 per
• 16:30
  coin Stats per dollar 1527 block height 837,400 and 414 blocks to
• 16:39
  having 2586 having estimate April 20th 2024 Total lightning
• 16:45
  network capacity 4390 87 Bitcoin capacity value 287,000,000 U.S.
• 16:53
  dollars Realized monetary inflation 1.73% the market
• 16:58
  capitalization of Bitcoin 1.29 trillion U.S. dollars Bitcoin
• 17:03
  versus gold market cap 9.32%. Hey, before you go on, before
• 17:09
  you go on, we got a super chat already.
• 17:11
  Oh, we got a super well and shouts out to you for the $5 it
• 17:14
  said. Sorry, been missing out, been in
• 17:16
  your neck of the woods. So, Nico, enjoy El Salvador.
• 17:19
  Appreciate the Super chat will appreciate it man thank you
• 17:21
  thank you so much for supporting the show by in case anyone
• 17:25
  doesn't know, by popular request, we have the Super chats
• 17:28
  enabled on YouTube, but you could also donate to us as on on
• 17:32
  on lightning on chain whatever, whatever whatever floats your
• 17:35
  boat but. I'll get that lightning super
• 17:37
  chats going as soon as possible. Oh, I I know we could do that,
• 17:41
  but I think. There's a way I got I I can't
• 17:43
  figure out the technical, but anyways keep going.
• 17:45
  Anyways, OK, so here is Natalie Brunell on legacy media once
• 17:49
  again shifting the Overton window, continuing to shift,
• 17:52
  continue to shift it. Here is Michael Saylor saying
• 17:55
  Bitcoin Unchained capital from the prison of politics.
• 17:59
  Even the Chad sailor himself is saying separate money from
• 18:02
  state. Anyways, let's hear what Natalie
• 18:04
  has to say. It's about a 4 minute video.
• 18:06
  I don't know if we'll have enough time to play the entire
• 18:07
  thing, but let's check it out. Here we go.
• 18:09
  Let's. Bring in Natalie Brunell, host
• 18:11
  of the Cone Stories podcast. Natalie, thanks so much for
• 18:13
  being with us today. Always good to see you.
• 18:16
  It's great to see you, Kelly. Thanks so much.
• 18:17
  OK, so right off the bat, I got to get your reaction to the SPF
• 18:20
  sentencing. I've heard all sorts of, oh, it
• 18:22
  was too much, it was too little. What do you think?
• 18:24
  25 years? Look, I'm just glad the whole
• 18:27
  trial is behind us. I hope FTX customers get as much
• 18:30
  money back as possible. And honestly I just hope people
• 18:32
  learned the very important lesson that Bitcoin and crypto
• 18:35
  are very different. And I can't help but think that
• 18:37
  if SBF just had laser eyes and focused on Bitcoin and avoided
• 18:40
  all the leverage and counterfeiting money through all
• 18:42
  coins, then he'd be enjoying a new all time high instead of
• 18:45
  looking forward to prison in his 50s.
• 18:48
  Yeah, he would be enjoying an all time high.
• 18:50
  And actually, that was one of the reasons why the judge said,
• 18:53
  you know, yeah, there's harm here because customers are
• 18:55
  getting paid back, but they're getting paid back at November
• 18:57
  2022 levels and Bitcoin, of course, 4X what it was back
• 19:01
  then. And so to that point, you know,
• 19:02
  do do we feel like the crypto winter is behind us?
• 19:05
  You know, I think a lot of folks are wondering, OK, we're seeing
• 19:07
  the price run up. Is that because of the Bitcoin
• 19:09
  ETF or is it because those folks who didn't want to miss out are
• 19:13
  jumping back in, are getting more comfortable?
• 19:16
  Yeah. You know, it's been such a
• 19:17
  blessing to be able to stack at the at the lower prices because
• 19:19
  we are back at these high levels.
• 19:21
  And this is the first time we've seen a new all time high before
• 19:23
  Bitcoin having in a cycle. So things could get very
• 19:25
  interesting, especially because in previous cycles, we would hit
• 19:28
  a new all time high about 6 to 12 months after having.
• 19:30
  And with the consistently strong demand for those spot Bitcoin
• 19:33
  ETFs you you mentioned that are wildly popular, I don't see how
• 19:35
  we don't hit six figures sometime soon unless we have
• 19:39
  some massive economic contraction on the macro side.
• 19:41
  But if we do, guess what they'll have to do?
• 19:43
  They're going to have to print. And every time they print,
• 19:45
  they're just the perfect marketing team for why we need
• 19:46
  Bitcoin. Well, so we're coming up on on
• 19:48
  election year and and like you said, you know, we, we could
• 19:50
  maybe see a six figure number in the near future, especially
• 19:53
  without having company coming. But lots of focus from
• 19:57
  Washington on regulating the space, on regulating crypto,
• 20:00
  looking at things like FTX, even though that was really more
• 20:03
  average variety fraud. What do you think another four
• 20:06
  years of Biden or Trump looks like for Bitcoin?
• 20:10
  For crypto? Well, here's the thing, there is
• 20:12
  regulatory clarity around Bitcoin.
• 20:14
  There is only regulatory uncertainty around the rest of
• 20:17
  crypto. And I think a lot of people are
• 20:19
  disappointed by politicians in general on both sides who over
• 20:22
  promise and under deliver, all the while enriching themselves
• 20:25
  to the point of generational wealth while they opine how sad
• 20:27
  it is that we no longer have a middle class.
• 20:29
  And one of the best things about Bitcoin is it is inherently
• 20:31
  apolitical. It removes the power that comes
• 20:33
  with being able to manipulate money and print limitless units.
• 20:36
  And it really unchanged capital from the prison of politics.
• 20:39
  So no matter who gets elected, I think Bitcoin is going to fine.
• 20:42
  Well, certainly that's that's something that we're going to be
• 20:44
  curious to see about the candidates as they come out.
• 20:46
  Before I let you go, I wanted to to bring up Ethereum status.
• 20:49
  So Larry thinks. All right.
• 20:50
  I'm going to stop it there in terms of the Ethereum
• 20:53
  conversation, but OK. So a lot to unpack there about
• 20:58
  essentially Bitcoin money being basically unbroken from
• 21:03
  politics, being unchanged from politics, right?
• 21:06
  Apolitical money, yes, that's the point, right?
• 21:10
  That's, you know, and the fact that Natalie is doing that on
• 21:13
  legacy media is a big deal because the consumers or the
• 21:18
  viewers of legacy media aren't the same viewers of simply
• 21:21
  Bitcoin who are already hardcore bitcoiners that you know
• 21:25
  already, like they already know they're already awakened to the
• 21:28
  truth, right? But you start incepting these
• 21:32
  seeds into the minds of viewers and then you have BlackRock and
• 21:37
  then you have Michael Saylor on the public company level.
• 21:40
  Then you have Naim Bukele on the nation state level.
• 21:44
  And the common theme among all these, you know, all these
• 21:48
  people and all these institutions and companies and
• 21:51
  governments is that the moment they adopt Bitcoin, you know,
• 21:54
  number go up, life gets better, right?
• 21:58
  And why is life getting better? Well, it's because the money is
• 22:01
  apolitical. The money is neutral there.
• 22:04
  There is no bureaucratic elite that get to create money for
• 22:09
  free that everyone else has to work for.
• 22:12
  And she's shining the light on the current system.
• 22:16
  It doesn't matter whether it's a Democrat or Republican that gets
• 22:19
  in power. It doesn't matter.
• 22:21
  Both political parties are going to do the exact same thing.
• 22:24
  They're going to print money. And when they print money, if
• 22:27
  you're in the lower and middle classes, which a lot like
• 22:29
  Natalie said with a lot of these politicians say they want to
• 22:33
  protect those people, right? They get hurt the most, right?
• 22:37
  We've shown you guys on many episodes, we did an episode on
• 22:41
  how Bitcoin brings back, not only brings back the American
• 22:45
  dream, but actually exports the American dream worldwide.
• 22:49
  If you've been saving on a Bitcoin standard, the prices of
• 22:52
  real estate haven't doubled in the last five years.
• 22:55
  In fact, real estate has gotten like 80 to 90% cheaper, right?
• 23:00
  Imagine if the whole entire world was on a Bitcoin standard.
• 23:03
  I think the world would be a much more peaceful place.
• 23:06
  I think the world would be a much more optimistic place.
• 23:09
  And I think a lot of the divisions that people have now
• 23:13
  would, would at least diminish. They would, they would maybe
• 23:16
  they wouldn't go away completely, but they would go
• 23:19
  away a lot because all of a sudden people have the ability
• 23:21
  to put food on the table for their families, right?
• 23:24
  So that's the message that we got to keep hammering home.
• 23:28
  Politicians aren't going to save America.
• 23:30
  Politicians aren't going to save the world.
• 23:33
  Bitcoin is going to save the world and the way that we do
• 23:37
  that is by separating money from state Bitcoin truly does fix
• 23:40
  this fix the money fix the world anyways made X you've been
• 23:44
  you've been in the space for quite a while man a lot of your
• 23:48
  art. You know I know that you you
• 23:50
  have this very fan. I think I purchased one, but
• 23:53
  basically has like an end the Fed aspect of it.
• 23:57
  So a lot of these, you know, a lot of these themes, a lot of
• 24:01
  these topics that are now crossing the Rubicon now they're
• 24:05
  being talked on, talked about on legacy media.
• 24:08
  I, I don't want to call it the mainstream media 'cause it's
• 24:10
  not, we're the mainstream media now, independent content
• 24:12
  creators of the mainstream media now.
• 24:14
  But you know, the legacy media, right, Where a lot of, you know,
• 24:17
  all the older generation is still watching that for whatever
• 24:20
  reason, like, you know, they're getting exposed to these radical
• 24:26
  ideas, you would say. And then the Overton window
• 24:29
  shifts, you know, the idea of an apolitical money that can exist,
• 24:32
  the idea of a deflationary money that can exist, right?
• 24:36
  So I wanted to get your take on that as a Bitcoin artist.
• 24:41
  Well, I mean, the legacy signal in, in my opinion, has very
• 24:47
  little effect on anything. I don't think anybody,
• 24:52
  regardless of their age who has competence is sitting around
• 24:58
  watching Fox News. I think the only people there
• 25:02
  are people who are anchored to the Fiat system already.
• 25:08
  And no matter how well Bitcoin performs, they will they'll
• 25:13
  never leave the Fiat system until you know that that I, I
• 25:18
  think even with nothing left in bankruptcy, I don't think
• 25:21
  they'll make the swap. What a a major piece.
• 25:26
  I noticed that it that keeps a lot of legacy capital from
• 25:30
  entering the Bitcoin space is that once you get to a certain
• 25:36
  net worth, there's an entire architecture of investment
• 25:41
  products that produce returns varying depending on the risk
• 25:47
  that you're willing to take on. So low risk you'll get a return
• 25:50
  of you know, 10%, little bit higher risk 15%, little bit
• 25:54
  higher risk 20%, very high risk 30%.
• 25:58
  And this is constant returns on whatever you have locked up in
• 26:03
  Fiat and Bitcoin doesn't offer unless you get into the Ponzi
• 26:08
  scam world. We we've seen how that turns
• 26:10
  out, but doesn't have these kind of compounding interest products
• 26:16
  and that is a barrier for them to really understand what going
• 26:22
  up 190% in a 72 hour period feels like.
• 26:30
  As soon as you know, and and obviously Bitcoin can go down,
• 26:32
  the volatility is a block. But and then when those giant,
• 26:37
  when those giant pumps happen, I think they just kind of it it,
• 26:42
  it's constantly like we've been hearing it over and over and
• 26:44
  over again. As long as I've been around
• 26:46
  Bitcoin and anyone who's OG constantly it's I missed it, I
• 26:50
  missed it, I missed it, you know, at a dollar, I missed it
• 26:53
  at $10, I missed it. 100,010 thousand, 50,100 thousand.
• 26:59
  And I think it's really, really difficult to break out of those
• 27:02
  patterns. I mean, Francis and I have been
• 27:05
  discussing it for a very long time that the only, the only
• 27:09
  thing that's really going to move the needle for anybody in
• 27:12
  legacy finance is starvation. What were you saying, Nico?
• 27:19
  Now we have a we have a metric. 150% inflation is when people
• 27:23
  start embracing Bitcoin. Yeah, no, that's like we had
• 27:27
  like a we basically have a political strategy now.
• 27:30
  Like now we know how to get a Libertarian candidate elected.
• 27:34
  All we need is 150% inflation. Right, even if he's Larping a
• 27:37
  little bit. Yeah, no.
• 27:39
  And we're gonna tell. We're we're gonna, we're gonna
• 27:40
  dive deep into that. LARP today, man I know.
• 27:43
  But but yeah, yeah. Like so yeah, I think things
• 27:46
  have to break, I think. But I also believe in market
• 27:49
  forces, right? Like, look, if Sailor keeps
• 27:53
  doing his thing, keeps performing, if anyone who's
• 27:55
  buying the ETF keeps, you know, performing, they're they're
• 27:58
  they're benefiting from number go up.
• 28:01
  You can only take an ideological stance for so long.
• 28:04
  Like that Vanguard CEO, I don't think it's a coincidence that he
• 28:07
  said he was going to resign as CEO a month after he said that
• 28:11
  Vanguard wasn't going to, you know, bring a, a Bitcoin ETF,
• 28:15
  right? So you can take this ideological
• 28:18
  stance as as much as you want, but I think number go up,
• 28:21
  technology does what number go up, technology does best, and I
• 28:25
  think market forces are going to take care of the rest.
• 28:27
  Opti, what's your take before we get on to the news?
• 28:29
  Yeah, first, first and foremost, like 2 Matix's point, I I just
• 28:34
  coined the, the new new phrase for the Nikko calls it legacy
• 28:38
  media. I usually call it corporate
• 28:39
  press, but I think at this point we can just safely call it
• 28:42
  boomer news because only the boomers are watching the news.
• 28:45
  Sources. There's some badass big.
• 28:47
  There's some badass big coin Boomers, man.
• 28:49
  I know, I know. I always get yelled out because
• 28:51
  they're like you. You always talk shit on boomers.
• 28:54
  It's like, Nah, guys, because it's, it's just a meme.
• 28:57
  It's it's all in, it's all in good fun.
• 28:58
  But anyways, on that note, the boomer news is finally slowly
• 29:02
  learning. You can tell that they're
• 29:03
  learning in real time. They obviously haven't really
• 29:06
  done the deep dive, the corporate press.
• 29:08
  They're they're not incentivized to deep dive Bitcoin.
• 29:10
  They're incentivized to shield the dollar.
• 29:12
  But there was a point in that little clip that wasn't
• 29:16
  necessarily just Bitcoin focused that I do want to touch on.
• 29:19
  And it's the idea that finally the corporate press is getting
• 29:23
  to the point where they're calling SBS F and FTX just
• 29:26
  outright fraud instead of calling them their wonder Boy.
• 29:28
  And like, oh, he made a mistake. It's like now they're like,
• 29:31
  yeah, yeah, we can call him a fraud considering he got
• 29:34
  sentenced, he's guilty and all that stuff.
• 29:36
  So you'd love to see that. I mean, obviously Niko's going
• 29:39
  to call me a status and Madics is going to call me a status for
• 29:42
  for encouraging state violence on individuals.
• 29:45
  But hey, he's outright frauding people again.
• 29:48
  You know, at least they're getting to the point where
• 29:50
  they're calling a spade a spade. So love to see that it, it goes
• 29:54
  to the idea that the signal is finally spreading and people are
• 29:57
  waking up to the fact that the fact that shit coiners are
• 30:02
  scammers, guys, like they're they're literally frauding you
• 30:04
  out of your Bitcoin. If it is not Bitcoin, it's a
• 30:07
  shit coin. And then again, on that point,
• 30:09
  you know, again, legacy media or corporate press, they always
• 30:13
  conflate Bitcoin and crypto. And I'm glad that at least now
• 30:17
  for now goes out there and basically says like, it's
• 30:19
  Bitcoin, not crypto. This is why the show is called
• 30:21
  simply Bitcoin in the 1st place is the is to eliminate all the
• 30:25
  noise out there. I know new people come into the
• 30:26
  space. It's very hard to wrap your head
• 30:28
  around what everything is going on into Bitcoin, especially when
• 30:31
  there's what like 35,000 coins an hour, 3500 coins.
• 30:35
  There's so many shit coins out there now, but there is one that
• 30:39
  leads the pack. There is one true coin out there
• 30:41
  and it is Bitcoin. And then on the last point, like
• 30:43
  Niko was saying, this is the whole point of Bitcoin.
• 30:46
  This is the whole point that Bitcoiners talk about is a
• 30:49
  separation of money from state. And, and again, 2 Matix's point,
• 30:53
  I, I can't even put a number on the amount of conversations that
• 30:58
  I've had with people on the Internet or in real life where
• 31:01
  they always have the flawed idea that only a government can issue
• 31:04
  money. And you're just like, guys like,
• 31:06
  come on, man. I know it's been the last 100
• 31:08
  years that that's the status quo and that's the norm that you're
• 31:10
  used to. But this is the point of Bitcoin
• 31:13
  is to have a money that isn't controlled by any single entity.
• 31:17
  It's a money that everyone can opt into.
• 31:19
  And that's what's going on here. And so, you know, maybe part of
• 31:23
  the Bitcoin price rise is the ETF, maybe it's kind of front
• 31:28
  running, the halving, but also it's really back to an idea.
• 31:33
  I always say that the Bitcoin price is a real time metrics of
• 31:36
  people's understanding of what is going on.
• 31:39
  And so I think this just goes to show that more people are waking
• 31:42
  up to the power of Bitcoin, to having a money that isn't
• 31:45
  controlled by a cabal of bankers or a certain nation state.
• 31:49
  And This is why Bitcoin is going to take over.
• 31:52
  It is a political money that can't be controlled that anyone
• 31:55
  one can opt into. And hey, if you fight it, you
• 31:58
  know, go ask China how that's going to happen.
• 32:00
  They've banned it like 27,000,000 times at this point.
• 32:02
  And we're still running bitcoins.
• 32:03
  Running life is great. Living on a Bitcoin standard is
• 32:07
  the way. Yeah.
• 32:08
  Amen, Bart, Give yourself some air horns to that update.
• 32:13
  Motherfucking boy. All right, ladies and gentlemen,
• 32:16
  we're almost at no, no, we are at 1000 live viewers between
• 32:20
  rumble, YouTube and X. So if you guys, oh, we just
• 32:23
  broke 1000 on YouTube and X combined and we got about 70 on
• 32:27
  rumble. So if you guys are enjoying this
• 32:29
  show, make sure to smash that like button.
• 32:31
  It tells the algos to push the orange signal forward.
• 32:35
  It tells the algos to push simply Bitcoin forward.
• 32:37
  All right, guys, let's dig. Let's dive deep into the news
• 32:40
  segment. We have a lot to uncover.
• 32:42
  I spent a quite a bit of time focusing on this specific
• 32:47
  subject this morning, so I hope you guys enjoy it.
• 32:50
  Let's get to the news. Here we go, the Daily News.
• 32:57
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• 34:14
  All right, OK, guys, so let's talk about today's theme of the
• 34:18
  episode. Talk of the episode.
• 34:19
  So I got this. I mean, look, I'm, I'm gonna let
• 34:23
  Max do the talking for me. Tragic betrayal by Javier to his
• 34:29
  people. And of course, he's talking
• 34:30
  about Javier Miley, the recently elected Libertarian president.
• 34:34
  Here's the Forbes headline. Argentina unfailed mandatory
• 34:38
  registry for Bitcoin and crypto platforms that is already having
• 34:43
  a detrimental effect. This was posted by fellow
• 34:48
  Bitcoiner Important notice Send globally Argentina Hi, we're
• 34:53
  reaching out to inform you that as of Friday, March 29th, 2024,
• 34:57
  we will no longer support Send Globally transactions between
• 35:00
  the US and Argentina. This is due to our payments
• 35:04
  partner in Argentina winding down operations.
• 35:07
  Now, make no mistake, you know, there's consequences to this,
• 35:12
  but where is this coming from? Like where is this coming from?
• 35:15
  And there it's coming from a specific organization called the
• 35:20
  Financial Action Task Force. But before I get to that, let's
• 35:23
  read, let's read through some of this article.
• 35:25
  It goes on to say with the anarcho capitalist and
• 35:28
  libertarian leader LARP Javier Malay taking power in Argentina
• 35:32
  in December 2023, many felt that his plans to rebuild the
• 35:35
  national economy and dollarize it would help Bitcoin and
• 35:38
  cryptocurrency adoption in the country.
• 35:40
  But after a few months of his government, more regulation is
• 35:43
  coming in late March. The Commission Nacional de
• 35:47
  Valores in Argentina announced a a new mandatory registry of
• 35:51
  virtual asset service providers for those operating with crypto
• 35:54
  assets in the country. Companies and individuals doing
• 35:58
  that activity now will be asked to comply with the registration
• 36:01
  approved on March 14th by the Argentine Senate.
• 36:04
  As part of the amendments to the current regulatory framework to
• 36:08
  address the Financial Action Task Force recommendations,
• 36:12
  we're going to double back to that.
• 36:14
  The new requirement will affect businesses dedicated to
• 36:16
  providing service several services such as buying,
• 36:19
  selling, sending, receiving, lending and trading cryptos.
• 36:23
  Every provider should complete the registration.
• 36:26
  The regulation is not just for the locally based companies, but
• 36:29
  also for those operating in the market but based elsewhere.
• 36:33
  This is how you could see that it affected the strike
• 36:36
  announcement. Those who are not registered
• 36:38
  will not be able to operate in the country.
• 36:40
  After the announcement, the securities watchdog participated
• 36:44
  in a meeting with the country's main legal firms and the Fintech
• 36:47
  Chamber on the implementation of the registry, with some
• 36:50
  representatives of local companies participating.
• 36:54
  Quote. It's a terrible idea to have a
• 36:56
  registry that enables the buying and selling of Bitcoin.
• 36:59
  Bitcoin is money, not a security.
• 37:01
  It's as wrong as if currency exchange houses for dollars or
• 37:05
  EUR or shops where gold is bought and sold had to register
• 37:08
  with the CNV. It's complete nonsense.
• 37:12
  Goes on to say the bet. This benefits no one except
• 37:16
  maybe some state bureaucrats and an army of lawyers and useless
• 37:20
  people from the compliance industry.
• 37:22
  I want you guys to focus on that last part.
• 37:25
  An army of lawyers in the compliance industry, OK, And the
• 37:31
  bureaucrats, OK. So here they said that they are
• 37:36
  doing this to comply with the Financial Action Task Force.
• 37:40
  What is the Financial Action Task Force?
• 37:42
  It's an intergovernmental organization founded in 1989 on
• 37:46
  the initiative of the G7 to develop policies to combat money
• 37:50
  laundering and to maintain certain interest.
• 37:53
  In 2001, its mandate was expanded to include terrorist
• 37:56
  financing. You're like, oh, Nico, that
• 37:58
  doesn't sound very bad. OK.
• 38:01
  But this is an unelected bureaucracy.
• 38:03
  We, there is no oversight over this.
• 38:06
  Who regulates the regulators, right?
• 38:09
  Anyways, So this is the the Financial Action Task Force
• 38:12
  president. He's a senior official appointed
• 38:14
  by the Financial Action Task Force plenary from among its
• 38:19
  members. But who elects the members?
• 38:21
  They're appointed. They're not elected, right?
• 38:24
  We always hear about democracy. That's one of the things that we
• 38:26
  always hear about is Bitcoiners. That's like the legacy corporate
• 38:29
  media democracy, this democracy that, this ain't democratic.
• 38:32
  This is literally appointed officials and they're getting to
• 38:35
  dictate all these rules that affect people's ability to
• 38:41
  interact with the global economy.
• 38:44
  And I'll get to that in a second.
• 38:45
  I found this research paper called it was released in
• 38:48
  December of 2023 The dark side of anti money laundering
• 38:53
  mitigating the unintended consequences of the financial
• 38:56
  action Task force standard. OK, so that being said, this
• 39:01
  paper, it provides a little bit of cover for the financial
• 39:06
  action task Force, but at the same time it reveals a lot of
• 39:11
  the quote, unintended consequences, right?
• 39:14
  And what's that famous quote? The road to hell is paved with
• 39:17
  good with with good intentions. It reveals a lot of the
• 39:21
  unintended consequences of this of the of the so-called
• 39:25
  compliance. Is the compliance really
• 39:28
  benefiting the, you know, the compliance industry, the
• 39:31
  lawyers? It may be perhaps it's also
• 39:34
  benefiting politicians a little bit because you have more people
• 39:38
  that you know, are controlled by rules.
• 39:41
  Maybe, maybe you can make that argument.
• 39:43
  Anyways, it goes on to say I highlighted some of the parts
• 39:46
  that I found interesting. The unintended consequences of
• 39:49
  the Financial action task Force standards.
• 39:51
  First, de risking. So what is de risking?
• 39:54
  De risking refers to the situation where financial
• 39:56
  institutions choose to restrict or terminate their businesses,
• 40:00
  relation their business relationships with specific
• 40:03
  clients or categories of clients, opting to avoid risks
• 40:07
  altogether rather than managing them.
• 40:09
  Several interconnected factors contribute to these decisions,
• 40:13
  including risk perception, profitability, compliance, cost,
• 40:17
  the risk of sanctions, reputational risk.
• 40:20
  And a lack a lack of proper understanding of AML
• 40:23
  requirements. The relative importance of these
• 40:25
  factors varies on a case by case basis.
• 40:28
  However, concerns about profitability play a primary
• 40:31
  role in driving de risking high compliance costs.
• 40:35
  Did you hear what did you hear what the Forbes article said
• 40:39
  about the compliance aspect of it?
• 40:41
  If you make a lot of these institutions have to go through
• 40:46
  all this compliance all of a sudden, why would they go
• 40:51
  through all the hurdles of signing of of accepting someone
• 40:57
  from Iran to create a bank account if you know then and
• 41:02
  Iran necessarily isn't a country of of high income?
• 41:05
  Why would they accept them if you know it's going to come with
• 41:09
  more risk and with more risk comes more compliance cost.
• 41:14
  This is, this is what they mean by de risking.
• 41:16
  So it, it, it kind of creates a situation where, and it's an
• 41:20
  unintended consequence where depending on where you're born,
• 41:25
  you're entitled to have a bank account or you're not entitled
• 41:28
  to have a bank account. And of course, if you're the
• 41:31
  financial institutions, you're like, look, it's only worthwhile
• 41:33
  for me to allow, you know, certain transactions from
• 41:39
  certain countries because they're less risky, there's less
• 41:42
  reputational risk. So that's one of the unintended
• 41:45
  consequences. The second one, exploring the
• 41:49
  link between the FAT, the FATF standards and financial
• 41:54
  exclusion. Right keyword there.
• 41:56
  Nonetheless, the FATFA itself has acknowledged that financial
• 41:59
  inclusion can be exacerbated when the RBA is not correctly
• 42:04
  applied, especially if the fat Food Standards are not utilized
• 42:07
  in a proportionate manner based on existing risks.
• 42:10
  The fat Food Standards primarily focus on higher risk situations
• 42:14
  while also providing optional simplified measures for low risk
• 42:18
  situations. For example, promoting financial
• 42:20
  inclusion could involve the application of a simplified
• 42:23
  customer due diligence for lower risk financial products such as
• 42:27
  an account with a limited range of services.
• 42:29
  This approach would allow individuals with limited
• 42:32
  resources and financial literacy to access banking basic banking
• 42:36
  services without being burdened by excessive compliance
• 42:40
  requirements. So they're trying to tell you
• 42:42
  like, like, OK, yes, because of the compliance, because it might
• 42:48
  not make sense for us to, you know, it might not be profitable
• 42:53
  for for us to provide, you know, certain financial services to
• 42:57
  certain countries because those countries are, you know, low
• 43:01
  income countries. But in low income countries, you
• 43:04
  know, they're, they tend to be higher risk in terms of the AML
• 43:08
  and KYC stuff. So they're admitting here
• 43:11
  basically. Look, yeah, this might
• 43:14
  financially exclude people. You know what my answer is to
• 43:18
  that? This is what Bitcoin fixes.
• 43:21
  And anyone, it doesn't matter where you are, you can literally
• 43:24
  download a wallet and then all of a sudden you have the ability
• 43:30
  to interact with the global financial system.
• 43:33
  And they're trying to go through all these bureaucratic loopholes
• 43:36
  and like, we can fix it with this situation and we can do
• 43:39
  this and we can do a better drop.
• 43:42
  There's already a solution to it, and that solution is
• 43:44
  Bitcoin, right? And here's the last part, which
• 43:48
  is the the charities, the non for profit organizations.
• 43:53
  They play a pivotal, pivotal role within our society by
• 43:56
  providing vital support and charitable services to
• 43:58
  communities and marginalized groups, even in challenging
• 44:02
  regions and immense periods of conflict and critical
• 44:05
  emergencies. In the aftermath of the 2001
• 44:08
  terrorist attacks in the United States and the subsequent
• 44:11
  declaration of the War on terrorism, the War on Terror,
• 44:14
  the FAFA broadened its mission to encompass the combat against
• 44:17
  terrorist financing. Within this framework, FAFA
• 44:21
  recognized the potential risk associated with Nash non for
• 44:25
  profit organizations being exploited by money launderers,
• 44:29
  terrorist groups through tactics like masquerading as terrible
• 44:32
  entities, utilizing Npos as conduits for terrorist
• 44:36
  financing, or redirecting funds originally originally intended
• 44:40
  for legitimate purposes towards supporting terrorist activities.
• 44:44
  So it's telling you this whole thing about like, you know,
• 44:48
  this, this, you know this, this AM LKYC type of requirements
• 44:55
  might affect, you know, non for profit organizations.
• 44:59
  You guys know one very, very well.
• 45:02
  But before we get to it, let's lay out the three important .3
• 45:06
  important points. Who regulates the regulators,
• 45:09
  right? So who regulates the FATFA
• 45:11
  right? Again, the road to hell is paved
• 45:14
  with good intentions. I have no doubt that they have
• 45:16
  good intentions for what they're trying to do here.
• 45:19
  And the most important question is, is all of this compliance
• 45:22
  working? So let's address the first point
• 45:25
  about the the non for profits. Do you guys remember WikiLeaks?
• 45:30
  WikiLeaks says funding has been blocked after government
• 45:33
  blacklisting. What did WikiLeaks do for it to
• 45:37
  get blacklisted? What did, what did WikiLeaks,
• 45:43
  what, what did WikiLeaks do in terms of, you know, money
• 45:48
  laundering, in terms of terrorism?
• 45:51
  WikiLeaks released a video of an Apache gunship mowing down
• 45:57
  journalists in Iraq that were thought to be armed insurgents,
• 46:02
  but they turned out not to be. It was like 20-30 people.
• 46:06
  WikiLeaks leaked that they put Julian Assange in prison.
• 46:10
  He's still in prison and they cut off WikiLeaks ability to get
• 46:17
  funded through the traditional financial system.
• 46:19
  You know what they could still get funded by Bitcoin.
• 46:23
  So Fatfa is telling you, Oh no, this is only going to apply to
• 46:27
  money launderers and terrorists. But in reality, you know,
• 46:33
  there's some, there's been some collateral damage, which I find
• 46:37
  interesting. Now, here's a clip of Julian
• 46:39
  Assange referring to some of the wars.
• 46:42
  And it's very interesting because the US has had a history
• 46:46
  of endless wars, right? And a lot of the politicians in
• 46:49
  the imperial city of Washington, DC are cheerleaders of these
• 46:53
  endless wars, right? So let's check out what Julian
• 46:57
  Assange has to say here, and I find it interesting.
• 47:03
  Because the goal is not to completely subjugate
• 47:06
  Afghanistan. The goal is to use Afghanistan
• 47:10
  to wash money out of the tax bases of the United States, out
• 47:14
  of the tax bases of European countries through Afghanistan
• 47:18
  and back into the hands. Of a transnational security,
• 47:22
  that is the goal, IE the goal is to have an endless war.
• 47:30
  So what's really interesting about this is that he's talking
• 47:32
  about Afghanistan. As soon as they ended the war in
• 47:35
  Afghanistan, what happened? The war in Ukraine started,
• 47:39
  right? It's very interesting.
• 47:41
  By the way, this man is still in prison.
• 47:43
  Speaking of Afghanistan, Speaking of Afghanistan and
• 47:47
  speaking about financial exclusion, right here is an
• 47:51
  article by Business Insider. Impoverished Afghan women are
• 47:54
  receiving emergency aid in crypto as the Taliban limits
• 47:58
  cash withdrawals and millions go hungry.
• 48:01
  If you were to follow the Financial Action Task Force
• 48:07
  regulations, Afghanistan would be deemed too risky.
• 48:12
  You wouldn't be able to do it. So what about all these, you
• 48:16
  know, Afghani women? What would they do?
• 48:18
  That's where Bitcoin comes in, right?
• 48:21
  And then going back to the last question that I have, is all of
• 48:26
  this compliance working? Because I think that's a really,
• 48:28
  really, you know, important question to ask.
• 48:31
  We actually had this guy, this this gentleman on the show.
• 48:35
  So this is at the bottom of the Wikipedia page for the, for the
• 48:40
  FATFA. And it says in a 2020 paper,
• 48:42
  Ronald Paul states that while the FATFA has been very
• 48:46
  successful in getting its policies adopted worldwide, the
• 48:50
  actual impact of those policies is rather small.
• 48:54
  According to polls estimates, less than 1% of illegal profits
• 48:59
  are seized, with the cost of implementing the policies being
• 49:04
  at least 100 times larger. That's the key part there, with
• 49:08
  the cost of implementing the policies being at least 100
• 49:12
  times larger. So it doesn't work.
• 49:16
  It doesn't work, right. It's not effective, but the cost
• 49:21
  is that much higher. And then it reminds me of the
• 49:23
  Forbes article. This benefits no one except
• 49:27
  maybe some state bureaucrats and an army of lawyers and useless
• 49:31
  people from the compliance industry.
• 49:34
  So it seems like the compliance industry is benefiting a ton.
• 49:37
  It's not really effective, right?
• 49:40
  There's some Gray lines being crossed, right?
• 49:44
  Because it's like, OK, this is only for terrorists and money
• 49:48
  launderers, but then, you know, people like Julian Assange get
• 49:51
  caught in the crosshairs. So I find that very interesting
• 49:55
  as well. And here's another aspect,
• 49:58
  right, which is the traditional financial system already follows
• 50:04
  the regulations by the Financial Action Task Force, right?
• 50:09
  And one of the things that Elizabeth Warren and Co did is
• 50:12
  that they used the Wall Street Journal to try to convince the
• 50:15
  American public that Bitcoin and crypto right are being used to
• 50:22
  finance terrorism. That was quickly that was
• 50:27
  quickly rebuked. And don't take my word for it.
• 50:31
  Here is Tom Emmer, the GOP, the GOP majority whip interviewing
• 50:38
  the head of the Fin Cen and hear the words from him.
• 50:43
  Don't trust verify. Let's check it out.
• 50:45
  On October 10th, 2023, the Wall Street Journal reported that
• 50:49
  between August 2021 and June 2023, Hamas received 41 million
• 50:54
  in digital assets and the Palestinian Islamic Jihad
• 50:58
  received 93 million in digital assets.
• 51:02
  Under Secretary Nelson is this Treasury's assessment too,
• 51:06
  because the world's leading blockchain analytics firms have
• 51:10
  called this a misinterpretation of the data and that the amount
• 51:13
  these that any terrorist might have received is significantly
• 51:18
  smaller. Thank you for that question,
• 51:21
  Congressman. And, and yes, I think that
• 51:24
  assessment largely tracks with our own the the numbers noted in
• 51:29
  the Wall Street Journal piece talked about wallets, but not
• 51:32
  necessarily the, you know, sort of disaggregated among the
• 51:35
  wallets. It's assets that people had in
• 51:38
  their wallets as opposed to what was specifically going to the
• 51:44
  Palestinian Islamic jihadi think is.
• 51:47
  Most likely, and we also assess that terrorists still prefer,
• 51:50
  prefer, frankly to use traditional products and
• 51:53
  services, but this is something. OK, So you just had the head of
• 51:58
  the Fin cen saying that terrorists prefer to use the
• 52:02
  traditional financial system, even though the regulations from
• 52:09
  the FATFA are still in place, even though we know that the
• 52:12
  effectiveness of those regulations are not worth it, I
• 52:18
  mean are not working. So why did Argentina follow, you
• 52:23
  know, was it, was it pressure? Is this effective?
• 52:27
  You know what I'm seeing here, right?
• 52:30
  And this is the part that they tried to justify in that like
• 52:33
  very academic paper and saying like, oh, you know, there's ways
• 52:38
  around this. You know, there's solutions that
• 52:41
  we can come up with. The solution is simple.
• 52:45
  It's Bitcoin. You download a Bitcoin wallet,
• 52:47
  doesn't matter where you are, doesn't matter where you are
• 52:49
  around the world and all of a sudden you have unconfiscatable
• 52:53
  wealth. You have the ability to transact
• 52:56
  with anyone around the world globally, Like their solution is
• 52:59
  right there, right? It's not a bureaucratic
• 53:01
  solution. It's clearly not working.
• 53:04
  The numbers are there. The numbers don't lie.
• 53:07
  It's clearly affecting people that need this the most, right?
• 53:12
  Which are the lower income proper, the lower income
• 53:15
  countries. And you heard it from you heard
• 53:18
  it from the man himself. The terrorists prefer using the
• 53:23
  legacy financial system more, even though they have the
• 53:26
  regulations already implemented it implemented more than they
• 53:30
  prefer using Bitcoin and shit coins.
• 53:34
  I mean, what else do you need to know, right?
• 53:37
  So shame on Argentina for like kind of conceding here and just
• 53:42
  like, you know, flopping over. Why is this unelected
• 53:46
  bureaucracy getting to dictate the rules of money for the rest
• 53:50
  of the world? Right?
• 53:53
  Fuck like fuck that. Like that's what I got to say
• 53:55
  about that. Anyways, Opti, what's your take?
• 53:58
  And then we'll move on to Maydex.
• 54:00
  Yeah, so I mean, on the surface, of course, you know, my, my knee
• 54:04
  jerk reaction is kind of basically what everyone else was
• 54:06
  saying. It's just like this seemed like
• 54:08
  a libertarian LARP from Javier Malay.
• 54:10
  There has been a lot of rumors, you know, about him meeting
• 54:15
  certain people and all this stuff.
• 54:17
  And we've been seeing kind of writing on the wall of maybe
• 54:20
  he's not fully embracing Bitcoin, even though he's
• 54:22
  talking a big game. And it kind of just all boils
• 54:25
  down to like, we can't really trust these politicians or
• 54:28
  politicians after all. But it was interesting that he
• 54:32
  was able to capture the zeitgeist with basically the
• 54:36
  conversations that we always talk about here, which kind of
• 54:39
  goes into maybe like conspiracy theory, quote UN quote lane,
• 54:43
  where you're seeing the powers that be kind of shift their
• 54:46
  rhetoric to be a little more freedom minded so that they can
• 54:48
  capture the the masses. And, and maybe this is what
• 54:52
  we're seeing right, right now, and we've been mentioning for a
• 54:54
  while the, the differences between Argentina and El
• 54:57
  Salvador. You know, El Salvador is
• 55:00
  basically, you know, a tiny country, I forget where
• 55:02
  Argentina is on like the size of their country.
• 55:06
  But they're, they're a pretty reputable economy out there.
• 55:10
  Like they, they have a lot of economic weight out there.
• 55:12
  And Argentina was wrapped up in so many like IMF loans and
• 55:16
  dollar debts and etcetera and all that stuff.
• 55:19
  So of course these situations are different from Argentina in
• 55:23
  El Salvador. But again, on the surface it
• 55:26
  does. It is a little bit of a let
• 55:27
  down. But hence us bitcoiners, we
• 55:29
  always say like you slay your heroes and all that stuff.
• 55:32
  But I really like Nolans count BTC.
• 55:35
  The breakups take on this idea where he says, you know,
• 55:40
  basically Javier Malay just slashed 70,000 government jobs
• 55:45
  and they will not be able to enforce these regulations and
• 55:48
  he's basically getting free money from the IMF.
• 55:50
  Now, I know that's kind of like a hopeful take and maybe it's
• 55:54
  not necessarily what's going on, but I really like that take that
• 55:58
  like, like maybe he this is what he's writing down on paper, but
• 56:01
  there's no way they're going to actually be able to enforce this
• 56:03
  considering that there's not going to be enough government
• 56:06
  employees to to even check up on this.
• 56:08
  And maybe he's just getting a free IMF loan.
• 56:11
  Obviously nothing's free when it comes from the IMF or the FATFA.
• 56:16
  But I I do kind of like that take that I heard this morning
• 56:19
  from Nolan. Go watch the breakup.
• 56:21
  Absolutely love it. But I think at this point, only
• 56:23
  time will tell. But it does seem like this is a
• 56:27
  mistake from Javier Malay, you know, not to what Kaiser was
• 56:30
  saying. But again, I think only time
• 56:33
  will tell him. We'll we'll see how this plays
• 56:34
  out in real time. But yeah, he's not looking as
• 56:38
  good as Javier Buchelle. I mean, sorry that now you
• 56:40
  Bukalaid looks right now considering that naive just like
• 56:44
  stood on game and stood on business is like Nah, you guys
• 56:47
  are not getting any loans here. I'm not taking any money from
• 56:50
  you guys like basically like go fuck yourself.
• 56:53
  So hey, it looks like he definitely has a blemish on his
• 56:56
  record, but we'll see how this plays out.
• 56:59
  I again, I really like how Nolan framed this.
• 57:02
  Maybe, you know, slashing 70,000 government workers basically
• 57:06
  means that there'll be no way for them to enforce this.
• 57:08
  And we'll see how this plays out.
• 57:10
  I guess only time will tell. Only time will tell.
• 57:13
  Anyways, I do want to interject here and I want to give a shout
• 57:16
  out to BTC Believer for the $5 to help Nico cover that
• 57:20
  expensive, expensive and ass view expense.
• 57:26
  It's probably a typo. Expensive ass view.
• 57:28
  Expensive ass view. It's actually like no, El
• 57:32
  Salvador is pretty, pretty economical.
• 57:34
  I highly suggest you guys coming down here.
• 57:36
  It's it's not as expensive as you as you guys would think.
• 57:39
  Anyways, Madex, what's your take on all this man?
• 57:43
  As a, you know, as one of the most hardcore Bitcoin artists
• 57:47
  out there. Well, as a wise man once said,
• 57:52
  believing that the politician cares about you is like
• 57:57
  believing that the stripper actually likes you.
• 58:01
  So I whatever they say is just noise.
• 58:06
  Even for that, there was you want to have a little bit of
• 58:10
  hope, but at the end of it that that the Fiat system is just way
• 58:15
  too powerful. And obviously he's under
• 58:19
  pressure from somewhere or something.
• 58:21
  If, if it's true that he is the kind of person that he led the
• 58:26
  people to believe, there's there's pressure somewhere.
• 58:31
  The the, the whole, not only are there the tempting Fiat gains,
• 58:36
  but then there's the well established system of
• 58:39
  blackmailing that exists. And you know who know who knows
• 58:44
  where these guys get caught up. But as soon as you step in to
• 58:47
  play that political game, you're I don't think it matters how
• 58:52
  pure you are. It's like diving into a, a mud
• 58:57
  filled pond, like just a puddle of mud.
• 58:59
  You, you can be the cleanest, most honest, aboveboard, well
• 59:04
  meaning person and as soon as you enter politics, you're just
• 59:07
  instantly tainted. So I'm not surprised at all from
• 59:12
  and any of the actions from the state, any of the actions from
• 59:18
  the the whole thing is just a, a circus around keeping the
• 59:25
  Federal Reserve's business and activities private.
• 59:28
  So they'll keep us distracted in whatever ways they can come up
• 59:32
  with. They'll say whatever and, and
• 59:35
  just not if it's true, it's all just fake.
• 59:37
  And I don't, I don't think there is any hope for any politically
• 59:43
  elected person in a traditional like Fiat system or a democracy
• 59:50
  to do anything that's actually good for free markets.
• 59:55
  Once you're in the club, you're in the club.
• 59:57
  And if you enable free markets and you enable enable sovereign
• 1:00:03
  individuals, what happens is at some point sooner or later your
• 1:00:08
  your palace is going to get stormed.
• 1:00:11
  And that, that's just kind of the reality of opening things up
• 1:00:16
  and kind of letting, letting loose that kind of iron control.
• 1:00:20
  And I, I don't, I don't expect like I'm never surprised when
• 1:00:24
  this stuff happens. I'm never surprised when like
• 1:00:28
  the the stripper never texts me back.
• 1:00:30
  So. Oh, man, let's go.
• 1:00:36
  No, I mean, bro, the analogies were hot fire.
• 1:00:39
  Also, shout out to the Super chat by Fountainhead Forum.
• 1:00:43
  The forum has 40 shows about Malay since August.
• 1:00:47
  I have talked to people who know Malay for 10 to 20 years.
• 1:00:49
  This is a major disappointment. Yeah, 100%.
• 1:00:53
  And I mean, look, the the facts are there.
• 1:00:55
  I I hope I laid it out for you guys in a way that you guys
• 1:00:58
  could understand. Look, it it the these rules,
• 1:01:03
  they don't really are effective in stopping money laundering.
• 1:01:07
  They definitely are very effective at increasing
• 1:01:10
  compliance cost for sure. And they're definitely effective
• 1:01:15
  at excluding portions of the population because they're
• 1:01:18
  deemed too risky and it's not profitable to onboard them
• 1:01:22
  because of the compliance cost that would come with it.
• 1:01:25
  So, yeah, I mean, look, this is one of the things that Bitcoin
• 1:01:28
  fixes, you know, and Javier Malay for being a libertarian
• 1:01:33
  and Arco camp capitalist, you know, chainsawing a central
• 1:01:37
  bank. I I got to say this is this is
• 1:01:39
  quite a disappointment, but I like your take Opti on on on
• 1:01:43
  Nolan and the and the breakup show where like, look, he did
• 1:01:47
  fire 70,000. Was it 70,000?
• 1:01:49
  Yeah, 70,000. That's a lot 70,000 government
• 1:01:52
  employees. So I don't know how they're
• 1:01:54
  going to kind of enforce that. And, and this is and that maybe
• 1:01:56
  there's some 40 chess being played, but I, I don't like this
• 1:02:01
  anytime you hear stuff about bitcoiners being registered like
• 1:02:05
  that, I just like, no, like that's just like, look what the
• 1:02:09
  world hasn't come to realize yet.
• 1:02:11
  And I think Madex was was saying this so eloquently is like,
• 1:02:16
  look, the world isn't going to burn down If these large
• 1:02:21
  bureaucratic institutions go to like, go away tomorrow.
• 1:02:24
  I would say the world would work better.
• 1:02:27
  Capitalism would work better, the free market would work
• 1:02:30
  better, right? But they have to like, in a way,
• 1:02:34
  seem as if they're providing some type of value.
• 1:02:37
  And this is what the FATFA thing kind of reminds me of is like,
• 1:02:41
  look, guys, we are compliant. Like we're enforcing compliance
• 1:02:44
  worldwide. We're making sure that none of
• 1:02:47
  these things happen. So yeah, you know, but anyways,
• 1:02:52
  Bitcoin fixes this the. Entire purpose.
• 1:02:54
  The entire purpose of money is to not know your client.
• 1:02:59
  That's the entire purpose of money.
• 1:03:01
  That's why it exists, so you don't have to know your client.
• 1:03:05
  Amen to that. Amen to that.
• 1:03:07
  Exactly. Yeah.
• 1:03:08
  Look, you know, anonymity, you know, if like what?
• 1:03:13
  Like again, like the, the whole idea of that being demonized,
• 1:03:18
  the whole idea of that, like that SIOP of anonymity is
• 1:03:23
  illegal, Like anonymity should not be allowed is something
• 1:03:26
  that, you know, people should, should get up and say like, why?
• 1:03:30
  Like, why is that? Like, you know, like why do you
• 1:03:32
  need to know my identity for, you know, a $5 transaction?
• 1:03:36
  And I always bring it back to when the Bank Secrecy Act was
• 1:03:39
  established in 1970, the rate was 10,010 thousand U.S.
• 1:03:47
  dollars. If you adjust that for
• 1:03:48
  inflation, that's 80 thousand U.S. dollars in purchasing power
• 1:03:53
  today. That number never changed from
• 1:03:56
  the 1970 number. And then the Inflation Reduction
• 1:04:00
  Act, they never got this into law, but they were basically
• 1:04:03
  trying to make the argument of every $600.00 transaction was
• 1:04:08
  going to be surveilled as well. So this idea that, you know, the
• 1:04:12
  world would burn down if the government isn't surveilling
• 1:04:14
  every single transaction. I think, you know, I think it's
• 1:04:18
  something that us Bitcoiners have to question that very idea
• 1:04:21
  and then more importantly, question the results.
• 1:04:25
  Like what are the results? What are the consequences?
• 1:04:28
  Not what were, what did I want to happen, right?
• 1:04:32
  What, what, what did I, what did I believe was going to happen?
• 1:04:36
  More So what actually happened, right?
• 1:04:39
  And in the case of these compliance and AML requirements,
• 1:04:43
  they weren't effective at stopping crime.
• 1:04:46
  And you heard it from the head of Vincent himself literally
• 1:04:49
  saying like word for word. Yeah, it seems like terrorists
• 1:04:52
  still prefer the traditional financial system, which is
• 1:04:54
  heavily regulated, right. Anyways, guys, let's get to the
• 1:04:59
  culture segment where we talk about Madex and all his
• 1:05:01
  projects. But first, I do want to give
• 1:05:04
  some very special shout outs to our sponsors.
• 1:05:07
  So first, I'm going to start out with the Orange Palap guys.
• 1:05:11
  It's very, very important who stack friends who stack SAT's
• 1:05:16
  the orange pill app is the Bitcoin social layer.
• 1:05:20
  Guys. If you ever go to a new city and
• 1:05:22
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  All right, Opti, it's all yours. All.
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  Right, let's go. All right, so the conversation
• 1:07:17
  we've all been waiting for, the one with the legendary Madex.
• 1:07:21
  So look, we say this all the time on the show and we try to
• 1:07:24
  iterate this as much as possible and bring as many cool people
• 1:07:27
  like yourself on the show. But it's the idea that politics
• 1:07:30
  is downstream from culture and the way to really win this
• 1:07:33
  Bitcoin adoption race that we find ourselves in, this Bitcoin
• 1:07:37
  movement revolution, however you want to name it, is by taking
• 1:07:40
  over the culture. And I think you're a great
• 1:07:43
  example of this, not only a, a great artist, but you just have
• 1:07:47
  that ethos and everything that you do.
• 1:07:49
  And that's why, in my opinion, you're one of you're one of the
• 1:07:52
  GOAT Bitcoin artists out there. So maybe just start there.
• 1:07:55
  Matix, why did you choose being a Bitcoin artist?
• 1:07:59
  And and also add on top of that the power of basically mimetics
• 1:08:04
  out here and being an artist that instills his principles in
• 1:08:08
  everything that he does. Well, I art, I believe, is a
• 1:08:15
  sort of pursuit for meaning in the first place, and Bitcoin is
• 1:08:23
  a excellent anchor once once you grasp it into to something that
• 1:08:30
  really does have meaning and and does make a difference there.
• 1:08:36
  There's the art is exist to see behind the veil and kind of look
• 1:08:43
  past what we have and finding a purpose and finding a reason and
• 1:08:51
  finding a meaning to, to communicate what could be that
• 1:08:55
  that is as rich as Bitcoin is. I think it what was the greatest
• 1:09:01
  possible thing that could have happened?
• 1:09:06
  And it, it made kind of my passion for visual communication
• 1:09:12
  have a have a bigger message and a bigger push.
• 1:09:16
  And I, I mean, like a lot of the reason that it's Bitcoin art,
• 1:09:21
  but it's really it's more individual and and freedom
• 1:09:25
  principled, which obviously Bitcoin is a is a huge part of
• 1:09:29
  it. But the idea that my creations
• 1:09:36
  can in in a send signal to people out there who are freedom
• 1:09:42
  minded for them to understand they're not alone and, and be
• 1:09:48
  encouragement to kind of keep going and keep looking for a
• 1:09:51
  network to to connect with or, or keep working on whatever it
• 1:09:55
  is that you think will help to provide freedom for future
• 1:09:58
  generations. But then also just knowing that
• 1:10:05
  that that there's sort of a big monster out there right now for
• 1:10:09
  us. We, we, we do have like an
• 1:10:11
  actual super demoned that we all have to fight and most of us are
• 1:10:16
  asleep to it and some of us are waking up to that battle and
• 1:10:21
  encouraging people to stand up and kind of find find a way to
• 1:10:26
  fight. I think is there couldn't be any
• 1:10:29
  greater meaning, I think behind art in terms of what, what, what
• 1:10:33
  the change represents once we get on to a hard money, hard
• 1:10:37
  money standard. So that keeps me very motivated
• 1:10:40
  and, and also is a thing that with a lot of other Bitcoin art
• 1:10:45
  I see. I think, I think that artists
• 1:10:48
  coming into the space or, or they, they're really focused on
• 1:10:53
  the Bitcoin and not really like the, the principles or the
• 1:10:56
  ideals around it. And that's kind of what I try to
• 1:11:00
  really push with Madex is it's very, very, very rare to find
• 1:11:04
  the actual Bitcoin logo or iconography in or any any of the
• 1:11:12
  really well recognized symbols in any of the work.
• 1:11:15
  And that's because Bitcoin is just a tool that enables
• 1:11:20
  sovereignty, but it's not in itself everything I like to say
• 1:11:25
  like when you use a cold card for the first time, you buy a
• 1:11:28
  cold card, it gets there, you set it up, you're so excited,
• 1:11:31
  you go through this whole highly complex process to transfer
• 1:11:37
  money to somebody. And then it it's done and the
• 1:11:40
  money was sent. And it's kind of like there's
• 1:11:42
  all this build and lead up to like, oh, I did like a basic
• 1:11:46
  human task that is like a fun, a foundational need to like
• 1:11:50
  functioning civilization. And just the fact that that's so
• 1:11:54
  difficult today, I think really reflects on a lot of how, you
• 1:11:59
  know, how screwed up Fiat has kind of made everything that we
• 1:12:03
  we cannot simply do business between our fellow man privately
• 1:12:10
  or without interference. And yeah, so I think most
• 1:12:15
  artists are kind of the reason that we create visually and the
• 1:12:19
  reason we create with our hands is because it's really difficult
• 1:12:23
  for us to say how we feel or, or communicate what, what, what's
• 1:12:29
  it's very psychedelic, no matter kind of what kind of art it is.
• 1:12:35
  And this, this give gives a a, a solid, a solid foundation for
• 1:12:41
  kind of like, hey, a lot of these root problems are solvable
• 1:12:46
  and there's kind of 11 quick fix.
• 1:12:50
  Love it, love it and also like adding to it and then you can
• 1:12:53
  jump in Nico. I just kind of comment on
• 1:12:55
  something. One of the things that I really
• 1:12:59
  loved and noticed about like Bitcoin art, like yourself, or
• 1:13:02
  rather someone said Bitcoin or art is, is like the power of
• 1:13:06
  propaganda. It's like all of this is just
• 1:13:07
  propaganda and making some really cool visual pieces that I
• 1:13:11
  guess push the memes forward and more people get involved in
• 1:13:14
  what's going on and capturing their attention and just pasting
• 1:13:18
  this stuff everywhere is so important is to spread the memes
• 1:13:21
  out there through whatever medium you have possible.
• 1:13:24
  Anyways, Nico Chapman. Yeah.
• 1:13:25
  So we had a question on Rumble from one of our audience members
• 1:13:31
  and they said where is it? Is that oil on board?
• 1:13:38
  Yeah, Madex, is that oil on board?
• 1:13:44
  I guess like oil paintings? Is this oil based?
• 1:13:48
  So the. Totem the totems are these are
• 1:13:51
  laser cut and then hand painted with acrylic oil and a whole
• 1:13:57
  kind of mix of different paint pen formulas and that that's the
• 1:14:03
  Birch boards. And then the other I mean like
• 1:14:05
  the entire project is a mixed media.
• 1:14:07
  So the basis of it started with like magazine cut outs and, and
• 1:14:12
  kind of piercing things together and, and, and sort of creative
• 1:14:16
  and, and tricky ways. And then it's kind of evolved.
• 1:14:20
  And then, yeah, so a lot of people think these are steel,
• 1:14:23
  but they're all Birch Birch boards.
• 1:14:25
  And I have a steel editions that are in the works right now
• 1:14:30
  that'll be coming pretty soon, which are actually like heavy
• 1:14:32
  engraved. And so there'll be steel
• 1:14:35
  editions of kind of all the Birch boards that have been made
• 1:14:38
  as well as ones that will be kind of exclusively made in
• 1:14:42
  steel. So I I noticed also that you
• 1:14:45
  have an open dime on the back of some of your pieces.
• 1:14:49
  Could you explain what that is? So when the whole NFT stuff
• 1:14:56
  started coming out, their entire foundation, like the their basis
• 1:15:00
  on why the fucking token had value was they say, oh, the
• 1:15:05
  artist digitally signed it. It's a digital signature.
• 1:15:09
  And at the time that all this was happening, I was like, well,
• 1:15:11
  that's fucking dumb. It's a JPG file.
• 1:15:14
  And you can also if, if, if what you're saying is a digital
• 1:15:17
  signature has value, you can do that on Bitcoin as it is now.
• 1:15:22
  And this is before Taproot and all that horror that happened.
• 1:15:26
  But So what I did was I mined A vanity address in Bitcoin.
• 1:15:31
  So I have a Bitcoin deposit address that is my name, 1M
• 1:15:36
  VDEX. At the time it was AV and I use
• 1:15:41
  that address to send Bitcoin to an open dime and then I attach
• 1:15:46
  that open dye a small amount of Bitcoin to an open dime, and
• 1:15:49
  then I attach that open dime to the back of the art piece.
• 1:15:54
  So similar to if anyone's been around long enough or heard of
• 1:15:57
  cassatious coins, they're each one of the Madex totem pieces.
• 1:16:03
  It is funded with a small amount of Bitcoin that comes from my
• 1:16:07
  vanity address. And that was a really, really
• 1:16:10
  smooth process until the the fees started completely
• 1:16:13
  exploding. And then there was a period of
• 1:16:15
  time there where it became uneconomical to be able to do
• 1:16:18
  that. And I had to figure out a
• 1:16:21
  different way. So I've got a long list of
• 1:16:22
  addresses that have to be funded now.
• 1:16:26
  But now that fees have kind of chilled out again, we're going
• 1:16:28
  to be able to keep doing it for a while.
• 1:16:30
  But it's something that's definitely going to end, at
• 1:16:32
  least for small amounts of Bitcoin.
• 1:16:34
  The only way you'll be able to get a deposit on the open dime
• 1:16:37
  from the made X vanity address is if there's a large amount if
• 1:16:41
  the if the fee markets continue to kind of be crazy for long
• 1:16:45
  periods of time. So, yeah.
• 1:16:47
  And then also, I was the first artist to name I, I have a huge
• 1:16:52
  problem with titling and naming pieces.
• 1:16:54
  So I just started using, inspired by Jackson Pollock's
• 1:16:59
  naming format, where he would just do the year and then the
• 1:17:02
  number of the piece. So he would do like 1950,
• 1:17:06
  whatever. Number one, number two, number
• 1:17:08
  three, number four, I just started naming all the pieces by
• 1:17:14
  the block time. So when either when the Bitcoin
• 1:17:19
  from the vanity address confirms in in the block on the back of
• 1:17:23
  one of the totems, that'll be the block number of the piece,
• 1:17:26
  or it's the block number at the time that I declare that the the
• 1:17:31
  piece is completed and it's finished.
• 1:17:32
  So right there, there's eight O 1591, which is that was that was
• 1:17:38
  the block we were at when I signed and and finished the
• 1:17:41
  piece. Dope, dope.
• 1:17:43
  All right, So Matix, just to be clear here, these are physical
• 1:17:46
  NFTS. No, they're, they're the the
• 1:17:52
  idea being that they're physical pieces of artwork and then they
• 1:17:56
  all have Bitcoin wallets that I have the records of and the
• 1:18:00
  ability to fund at any time. So I.
• 1:18:03
  Love it, love it. Yeah, I'm just trolling you.
• 1:18:05
  Bro, I can do a lot of fun kind of cool stuff with that.
• 1:18:07
  And you know, they're the, the one of the like thought what,
• 1:18:11
  what I set a goal for myself that, OK, there's going to be,
• 1:18:16
  let's say 1,000,000 sats or 100,000 sats attached to this
• 1:18:19
  piece of artwork. And in order to get those sats,
• 1:18:24
  you have to, you know, rip off the seals and you have to pull
• 1:18:27
  out the chip and then you have to sweep the funds.
• 1:18:31
  For a time there I was managing a site that like that, watched
• 1:18:34
  all the addresses and would let you know if it was still funded
• 1:18:36
  or not. Then I, I, I could, I should get
• 1:18:41
  that back, going back up and running now during the bear
• 1:18:43
  market, it just kind of took it down, but also kind of like
• 1:18:45
  nobody really cared about. I thought it was like the
• 1:18:48
  coolest thing in the world. And it, it didn't really get a
• 1:18:52
  lot of traction in terms of the monitoring site and there was a
• 1:18:55
  gallery attached to it and all that.
• 1:18:58
  But yeah, so. Love it.
• 1:19:01
  OK we have do have one question it I lost in the chat but they
• 1:19:04
  were mentioning the fact that everything is priced in Fiat and
• 1:19:08
  not Bitcoin. Why?
• 1:19:09
  Why'd you choose it like that? Yeah, it's priced in.
• 1:19:13
  Well, a lot of people don't want to spend Bitcoin.
• 1:19:18
  So that was a huge reason the the original store was only in
• 1:19:22
  Bitcoin and you could only pay with Bitcoin.
• 1:19:25
  And then kind of over the years, I, I, well, during that time
• 1:19:29
  period, I got constant requests for credit card payments from
• 1:19:35
  Bitcoiners, but they just didn't want to send Bitcoin.
• 1:19:37
  They wanted to, you know, huddle their Bitcoin and they wanted to
• 1:19:40
  just use their credit card or, you know, debit cards or
• 1:19:44
  whatever. So that's the way it's set up.
• 1:19:46
  And then just 'cause it, I'm running like a shop platform and
• 1:19:51
  of course, like none of these systems are really designed for
• 1:19:55
  Bitcoin yet. And I just haven't built a new
• 1:19:59
  website yet. Madex just hasn't kind of
• 1:20:02
  reached that level where I really think it's necessary to
• 1:20:05
  eventually, like on the road map, it is to only and
• 1:20:08
  exclusively sell for Bitcoin. So no matter who you are in the
• 1:20:11
  world, if you want to buy a Madex, you'll have to 1st figure
• 1:20:14
  out how to get Bitcoins. But you know, I'm, it's hard
• 1:20:19
  enough as it is to run, run an art business.
• 1:20:23
  And I'm, I'm just not trying to make it difficult.
• 1:20:26
  Like if somebody want, if somebody wants to buy a piece of
• 1:20:30
  Bitcoin artwork and they want to support Maydex, I want to make
• 1:20:32
  it as easy as possible. So Bitcoin or or Fiat?
• 1:20:37
  Love it. Love it.
• 1:20:38
  All right, bro. Well, hey, absolutely love you,
• 1:20:42
  bro. I love this stuff that you're
• 1:20:43
  working on. I know Nico's a huge fan.
• 1:20:45
  He's telling me that you're making him broke with all the
• 1:20:47
  art. I think, I think I have like, I
• 1:20:50
  think I, dude, I love Bitcoin art, man.
• 1:20:52
  That's one of the things I splurge on.
• 1:20:53
  So I love to support all the Bitcoin artists like Crypto
• 1:20:56
  Graffiti, Lucho Paletti, you know, made XI have I think I
• 1:21:00
  have three made XS and I just, I just splunge on, on Bitcoin art
• 1:21:05
  and I'm I'm forgetting Bitcoin artist off the top of my head,
• 1:21:08
  but I just I love, I have a brekkie as well.
• 1:21:12
  So yeah, I, I, I love Bitcoin art and I love to just kind of
• 1:21:16
  support the community and, you know, bitcoins giving me
• 1:21:19
  everything. It's giving me a career.
• 1:21:21
  It's it's giving me hope for the future.
• 1:21:24
  It's giving me savings, right. So, you know, I'd like to
• 1:21:27
  support the Bitcoin community by making Bitcoin content,
• 1:21:31
  highlighting Bitcoin artists like yourself and putting money
• 1:21:34
  where my mouth is and actually, you know, purchasing some of
• 1:21:37
  your guys's pieces. So big fan made X and looking
• 1:21:40
  forward to being able to hang out with you at the Bitcoin
• 1:21:44
  Rodeo in Calgary in July. That should be awesome.
• 1:21:48
  But if you have any last words for the audience, what would it
• 1:21:51
  be? Well, definitely come to Alberta
• 1:21:55
  for the Bitcoin Rodeo. We've got pretty good line up
• 1:21:59
  and it's going to be a pretty interesting crowd because the
• 1:22:02
  way we've stacked it, we're going to have a lot of people
• 1:22:05
  who are probably getting into Bitcoin for the first time or
• 1:22:08
  have never even heard of Bitcoin or don't even care about
• 1:22:10
  Bitcoin. So we need as many Bitcoiners
• 1:22:13
  there as we can to kind of spread the pitches.
• 1:22:17
  And yeah, we're going to showcase Alberta.
• 1:22:19
  I know every Canada has a horrible rap and that it's it,
• 1:22:24
  it on the East Coast and, and in Vancouver and all these other
• 1:22:29
  kind of places in Canada, it's been really, really bad.
• 1:22:32
  But Alberta is sort of the Texas sort of freedom state of Canada
• 1:22:39
  and we have the best beef in the world and we have Rocky
• 1:22:43
  Mountains and we have kind of all the wonderful mountain
• 1:22:46
  activities. And we want to share that sort
• 1:22:49
  of with the world and also inspire, primarily inspire
• 1:22:53
  Canadians to get out of wherever they are in Canada and and come
• 1:22:58
  to Alberta. If you're not willing to like
• 1:23:00
  make a hop internationally or deal with that whole journey,
• 1:23:04
  it's at least much, much better in Alberta than it is in and
• 1:23:08
  anywhere else in Canada. And also we, you know, we have
• 1:23:12
  a, a separatist movement that's sort of growing here.
• 1:23:14
  And we have a lot of, if you're gonna run into freedom and like
• 1:23:18
  minded people in, in as far as Bitcoin goes, Alberta is the
• 1:23:23
  primary, primary place for that to happen.
• 1:23:25
  So we if you're not in Canada, we don't really recommend you
• 1:23:29
  moving here. But if you are in Canada,
• 1:23:31
  definitely come to Alberta. It it it's the best sort of it's
• 1:23:35
  the best part of Canada right now in terms of everything that
• 1:23:39
  we as bit corners care about. And yeah, that's about it.
• 1:23:43
  Check out the art and big bull bitcoins going international
• 1:23:47
  right now. So you'll see us kind of popping
• 1:23:49
  up in some other countries. And yeah, you can get
• 1:23:52
  merchandising from bull right now site.
• 1:23:55
  And oh, I also wanted to just shout out time chain calendar
• 1:24:00
  because it's really, really awesome and I use it a lot in
• 1:24:05
  sort of kind of finding block times for my previous pieces and
• 1:24:08
  whatnot. So if you guys haven't seen
• 1:24:10
  that, it's an awesome project run by the the sky TC.
• 1:24:13
  And yeah, overall I'm very bullish on Bitcoin and I am
• 1:24:17
  very, I'm not going to be surprised by all of the
• 1:24:22
  obstacles we face along the way. I think that there's just a huge
• 1:24:25
  group of people even within Bitcoin that thinks that that
• 1:24:29
  just refuses to let go of the idea that the government cares
• 1:24:32
  about you and that it has your best interests at heart.
• 1:24:37
  It, it's only goal is to just suck and steal wealth from us
• 1:24:41
  and to destroy our lives. And it's, it's a smash and grab
• 1:24:45
  right now with the way things are going.
• 1:24:47
  So really got to let go of thinking that the political
• 1:24:51
  systems are going to help you in any way and take total control
• 1:24:56
  at, at every, at every part of your life, like control over
• 1:25:00
  your food supplies especially. You want to have good defense
• 1:25:04
  network abilities. You want to know people that
• 1:25:06
  have the ability to defend themselves or learn to defend
• 1:25:09
  yourself and every other sort of institution that the government
• 1:25:15
  has crept into and taken over. You want to make sure you have
• 1:25:19
  control of that for yourself moving forward.
• 1:25:23
  And you know, hopefully Bitcoin wins.
• 1:25:26
  We got AI mean it. I feel like it inevitably will,
• 1:25:28
  but it's definitely not going to be easy.
• 1:25:32
  These guys have had power for a very, very long time and they're
• 1:25:35
  not just not just going to let it go at all.
• 1:25:38
  So I know Bitcoin is like a lot of fun and we're all having a
• 1:25:41
  lot of fun, but there is a very, very, very serious apex coming
• 1:25:46
  at some point and everybody's just got to be prepared for
• 1:25:49
  that. The fun in Bitcoin, like at the
• 1:25:53
  end of all of this, like we're talking about fucking money here
• 1:25:56
  and we're talking about a lot of money and we're talking about
• 1:26:00
  fucking with the government's money.
• 1:26:03
  So it just be prepared. Yeah, 100%.
• 1:26:08
  This is a game. This is a game of power, you
• 1:26:11
  know, and that's like a realization that all bitcoiners
• 1:26:15
  come to eventually. And, you know, we're fighting a
• 1:26:18
  leviathan that, you know, has been in well entrenched for
• 1:26:23
  hundreds of years. And all of a sudden, you know,
• 1:26:26
  this, this Internet magic, Internet money just came along
• 1:26:30
  and they're just not gonna just hand over the keys and go gently
• 1:26:33
  into that good night, right? And that's something that we
• 1:26:35
  have to keep in mind, which is exactly why we cover the news
• 1:26:39
  that we cover. And we're on top of the CBDC's
• 1:26:42
  and what the other side is doing.
• 1:26:44
  You gotta arm yourselves with the facts, the truth.
• 1:26:47
  This is information, narrative trench warfare.
• 1:26:49
  It's about winning over the hearts and minds of individuals.
• 1:26:52
  This is the separation of money in state after all.
• 1:26:55
  The peaceful revolution. But only if you take self
• 1:26:57
  custody. Any guy I want to, I want to
• 1:26:59
  chime in here for a second and then just get a call of action
• 1:27:01
  out there, guys. Guys, go support Matix.
• 1:27:03
  Go buy an art piece. If his art piece is out of your
• 1:27:06
  budget right now, support him and buy some merch.
• 1:27:09
  He does great stuff. Guys go to his website right now
• 1:27:11
  and support him. 100% All right guys, thank you.
• 1:27:16
  Thank you so much for tuning into another episode of simply
• 1:27:18
  Bitcoin Live. We appreciate you all.
• 1:27:19
  I want to give a very special shout out to our guest Madex.
• 1:27:22
  Thank you so much for joining us on the show today.
• 1:27:24
  We appreciate you guys. Go to Madex dot art.
• 1:27:28
  You can go follow him on Twitter formerly known as their ex,
• 1:27:31
  formerly known as Twitter at Space Bull.
• 1:27:34
  You guys could find his art. I'm a personally huge fan, huge
• 1:27:37
  fan of his art and huge fan of the individual as well.
• 1:27:40
  Madex, thank you so much for joining us.
• 1:27:42
  Thank you, Nico. Cheers.
• 1:27:44
  Appreciate it. Alright guys, that was our show
• 1:27:46
  first Simply Bitcoin live show from the shining country on a
• 1:27:51
  hill, El Salvador. So far I've had amazing
• 1:27:54
  experiences. We're gonna be doing the second
• 1:27:57
  live show from El Salvador tomorrow.
• 1:28:00
  I'll still have the volcano view and I think we'll be doing a
• 1:28:05
  show from the beach on Wednesday, Thursday and Friday,
• 1:28:09
  so should be a whole lot of fun. Lots of logistics for Opti and
• 1:28:12
  I, but should be a whole lot of fun.
• 1:28:15
  So love you all. Thank you guys so much.
• 1:28:17
  Smash the like button, consider subscribing you feel like we
• 1:28:20
  provided you value and we'll see you tomorrow for a brand new
• 1:28:24
  episode of Simply Bitcoin Live. One more view of the volcano.
• 1:28:29
  Let me see if I can get it. Here we go.
• 1:28:32
  Here we go. Here we go.
• 1:28:33
  Where is it? There it is.
• 1:28:37
  Perfect. All right, Peace out everybody.
• 1:28:41
  So it was brought to you by bitcoinwell.com, a Bitcoin only
• 1:28:44
  platform on a mission to enable financial independence.