Latest / Simply Bitcoin / Did the US Treasury Just Declare WAR on Bitcoin Privacy!? | Bitcoin Simply

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Did the US Treasury Just Declare WAR on Bitcoin Privacy!? | Bitcoin Simply · Simply Bitcoin

• 0:00
  Just one day before the anniversary of 911, one of the
• 0:03
  most tragic and polarizing events in U.S. history, we were
• 0:06
  greeted with yet another tragedy with the passing of Charlie
• 0:09
  Kirk. And just like the previous
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  tragedy, these recent events may be used to usher in new
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  technologies and new laws, to usher in a new surveillance
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  state in a new control state. the US Treasury just announced
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  that they're making sweeping reforms to the Bank Secrecy Act
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  in the Patriot Act 2.0. We're on the brink of major
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  change, and we're going to breakdown what that means for
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  you, what that means for Bitcoin, and what it means for
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  the future of freedom in the United States.
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  This is Dante Koch with Bitcoin. Simply, let's go.
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  Hey, before we begin our segment for today, I just want to be
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  human and acknowledge the recent events that happened.
• 0:45
  Over the past several days. I've been shocked, saddened, and
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  surprised by the things that went down.
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  Moments like these are visuals and images that get stuck in
• 0:54
  your head forever. I remember being in 6th grade,
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  being LED home from school and seeing my dad cry for the first
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  time on the events of 911. And the events of the DC sniper
• 1:03
  happened just around my house. So much so that all of the
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  sports in my middle school years were cancelled.
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  We couldn't go outside and we couldn't practice.
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  And just like then and now, we have two options.
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  Be naive and respond in fear or be resolute and respond with
• 1:19
  faith. We can either be the glue that
• 1:21
  chooses to mend and heal relationships in our country, or
• 1:25
  we can be a wedge that continues to drive further division
• 1:27
  between people, politicians and parties in this country.
• 1:31
  That choice is available to you in very small ways and big ways.
• 1:35
  The world will not heal on social media.
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  It was never designed to heal us.
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  It's going to happen in living rooms, coffee shops, and
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  churches all across this country.
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  It's going to happen with people who were all created in the
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  image of God despite what they believe or what they look like.
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  But let me get back to our show and what I think is happening.
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  Just like after the wake of 911 when they implemented the
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  Patriot Act. Since 9:11, the Patriot Act has
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  significantly shaped our financial world.
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  In 2001, we saw the financial system usher in new things like
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  KYC, AML, the sharing of data between public and private
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  entities without anyone's consent, or troll entities that
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  we didn't give permission to are now allowed to censor and
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  collect information in the name of terror.
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  Companies like Palantir were funded during this time.
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  When they couldn't get any capital from VCs or anyone else,
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  agencies like the CIA stepped in to be their first funders.
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  In fact, from 2005 to 2008, well, they were their only
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  customer. And now these technologies are
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  embedded into all of the systems that we use every day.
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  They give people the ability to retrieve information from you
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  without any of your consent. This isn't science fiction.
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  It's science fact. And I don't think that it's
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  going going away. And now the United States
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  government intends to enact more sweeping reforms to the Bank
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  Secrecy Act, allowing them to not just control information in
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  the physical realm, but also the digital realm.
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  On September 9th, Andrea Gaki, the director of fencing and
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  giving the United States Treasury the ability to censor
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  crypto transactions. So the Special Measures to Fight
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  Modern Threats Act grants AUS Treasury the power to censor a
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  transaction without the public knowing or without their
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  consent. Issued in 2022, gives the United
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  States Treasury the ability to censor transactions without any
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  public notice or consent under the authority of the Patriot
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  Act. And in this scope, any global
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  transaction or Bitcoin transaction, which by its very
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  nature is global because it is a global decentralized blockchain,
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  can in fact be censored by the United States Treasury.
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  These are any transactions that involve multiple people,
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  wallets, or addresses, meaning anything that happens on an
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  exchange. These are any transactions that
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  have to do with any pooling or mining of resources, AKA any
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  Bitcoin mining transaction. They're allowed to censor any
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  transactions that have anything to do with programmatic code,
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  AKA decentralized blockchain technology like Bitcoin.
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  They're allowed to censor any transaction that has any created
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  or single use wallet address, anything that has to do with
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  time locking coins or any exchange between crypto and any
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  other digital assets. So they're effectively creating
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  a policy to blanket sensor anything that they can or deem
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  unlawful in the future. And this is ironic that Tether
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  just announced their new USAT or United States stablecoin being
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  led by Bo Heinz, the executive Director, after that worked for
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  the President Donald Trump. Here's the new commercial for
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  their new stable coin, USAT. Money is supposed to move fast,
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  but in real life. It crawls.
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  Bank says it will take 3 business days, three days to get
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  my money. Yes, three days, because clearly
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  your dollars are hitchhiking across the border.
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  Also look, so many shiny cars, yet it takes a PhD to choose
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  which works. Maybe you can lend me your PhD
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  then? And yes, nothing says modern
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  economy like losing to a dollar bill and the bank asking
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  nonsense just to let you have your money.
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  But what if I told you you could access your money without the
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  middle men? What do you mean?
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  Meet USATA dollar, but just more practical.
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  A stable coin backed one to one with liquid and stable reserves.
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  Pay instantly fade in seconds, not days, because the Internet
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  doesn't need business days. Remittances that actually
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  arrived before your family wonders if you forgot.
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  Them. USAT is your money in your
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  control. USAT the power of the dollar at
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  Internet speed. Their website says that they
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  have dollars that move without intermediaries.
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  Pure freedom, they say. They say that it is the power of
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  the dollar in your control. Well, newsflash, if it has
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  anything to do with the dollar in its digital, it is not in
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  your control. Your ability to transact or
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  spend freely in a cashless society is now dwindling away
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  from a ability and right that you had before to one that you
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  are permitted to have in the future.
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  And there's an entire generation of people who are going to be
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  willing to accept a new digital dollar if it means that there's
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  opportunity in freedom in the economy.
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  And this is the sad part about the manipulation of money.
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  In a recent Rasmussen Report that came out on September 4th,
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  the results are shocking. 53% of young voters say that they would
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  vote for a radical socialist leader. 76 believe that major
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  industries like healthcare, energy, and big tech should be
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  nationalized so that there can be equity for all people.
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  But you can understand why people feel this way because the
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  system has been unfairly rigged. Between these herbs and these
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  herb knots. What is these herbs?
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  Well, these are anyone who have benefited from the 0 interest
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  rate policies that were enacted between 2000 and 2020, anyone
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  who owned wealth versus the people who are trying to build
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  wealth now. And that isn't just coming from
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  me. the United States Treasury Secretary Scott Besson just
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  released an article in the Information Economists where
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  he's talking about the Fed no longer being in independent
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  monetary actor. The Fed has going from people
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  that are able to implement crisis management tools for
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  people that are enacting a new regime of policy that that is
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  designed to help the rich get richer.
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  Whereas Scott Besson says towards a policy of socialism
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  for investors in capitalism for everyone else.
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  He explains how the rich got richer.
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  The rich being the people who owned houses when the United
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  States Treasury in Fed jumped in to buy $2 trillion worth of
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  mortgage-backed securities after the great financial crisis.
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  This created the divide that is fueling in kindling the fires
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  between people of different political parties, views and
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  backgrounds today. And it shouldn't be discounted
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  as we look at the unrest that's happening in in front of our
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  eyes. Bitcoin just happens to be one
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  of the only assets that we have to allow people to benefit not
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  only from whatever policy that comes next, whether it's a 0
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  interest rate policy regime or whether it's a high inflationary
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  decade, which most people believe that it will be.
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  It also is one of the only technologies out there that
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  represent property rights, privacy and freedom for the
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  average person in the new digital surveillance in control
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  regime that we're entering into. And that's why we have to
• 7:47
  celebrate small wins, wins like Gemini going public.
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  I know that they offer a bunch of other crypto tokens, but the
• 7:53
  Winklevoss twins have been talking about Bitcoin since
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  2012, and they hope that more people listen to them in the
• 7:59
  decade to come. Quite, quite the road.
• 8:01
  I when we first started talking about this, I want to say back
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  in 2012, maybe 13, did you think we'd, you'd be sitting there and
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  doing a public offering like this?
• 8:14
  Transfer is absolutely yes. We actually looked it up.
• 8:17
  I think the last time we spoke to was when we launched Gemini
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  in 2015 in October, so almost 10 years ago today.
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  And I think the price of Bitcoin was $380.
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  And so we've come a long way, but we also think it's still
• 8:34
  very much the bottom of the first inning because we see
• 8:37
  Bitcoin trading at $1 million, a Bitcoin if it disrupts gold and
• 8:41
  we think Bitcoin is gold 2 point O.
• 8:43
  And I think we said the same exact thing to about 10 years
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  ago today. So we think there's easily a 10X
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  from here and it's still really early.
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  And I think we'll be sitting here 10 years from now and
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  looking back and saying, wow, today was really early.
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  And I think few people actually listened back then.
• 9:01
  So hopefully more people listen today.
• 9:05
  That's the idea that we've been trying to get across in this
• 9:07
  channel, that Bitcoin is an escape hatch.
• 9:09
  It's a way for you to get out of the system whichever policy, a
• 9:13
  regime comes forward. And if you had this asset that
• 9:15
  had this dual capability, then why would you sell it?
• 9:17
  Which is why we've partnered with Lead in the leader in
• 9:19
  Bitcoin backed loans, which allows you to unlock liquidity
• 9:21
  in your Bitcoin without selling your Bitcoin.
• 9:23
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• 9:26
  since 2018, issuing over $9 billion worth of loans to people
• 9:30
  like you and me without any credit checks.
• 9:32
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• 9:38
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• 9:42
  your first loan by going to learn dot leadin dot IO slash.
• 9:46
  Simply, Bitcoin is rewriting the existing financial system, but
• 9:49
  it also gives everyday individuals like you and me the
• 9:51
  power to be sovereign, to remove our property rights from digital
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  exchanges which are continuing to be more surveilled and more
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  controlled. It is the only asset out there
• 10:00
  that allows us to have true control and true sovereignty.
• 10:03
  Well, you can learn how to do this confidently, safely and
• 10:05
  securely by getting a coach, a coach at The Bitcoin Way who
• 10:08
  will help you to understand how to take freedom of your
• 10:11
  financial assets through Bitcoin.
• 10:13
  Schedule a free 30 minute consultation with their team
• 10:15
  today at the bitcoinway.com/simply Bitcoin.
• 10:18
  Every time there's a major event happening globally, gold tends
• 10:21
  to sniff it out. And right now gold smells
• 10:23
  something in the air. Right now, central banks hold
• 10:25
  22% of their reserves in gold when historically that number is
• 10:29
  between 10 and 12%. They understand that crisis is
• 10:32
  on the horizon and Bitcoin is at the beginning stages of
• 10:35
  dematerializing gold as a digital store of value.
• 10:39
  Michael Seller gives a brilliant explanation of Bitcoin as a
• 10:42
  technology and digital capital in his latest presentation that
• 10:45
  he gave at HC Wainwright earlier this week.
• 10:48
  Tech Investors Philippe Lafont has designated Bitcoin like the
• 10:52
  number 3 interesting tech idea in the world.
• 10:57
  It used to be before 2020. People thought well, Bitcoin
• 11:00
  it's a it's a crazy crypto speculative asset and as long as
• 11:04
  people think of it as this as a crypto casino speculation it
• 11:08
  it's never going to get respect to the mainstream when you start
• 11:11
  to look at it as digital capital.
• 11:14
  I, you know, I took a billion dollar block of gold ID
• 11:16
  materialized that I move it at the speed of light.
• 11:19
  I vibrated a million times a second and I distributed it
• 11:21
  through a billion microprocessors.
• 11:24
  That becomes very interesting to people that made billions of
• 11:27
  dollars investing in Google and Apple and Amazon and Facebook.
• 11:30
  And of course, you know, where is all the money in the world?
• 11:34
  A lot, You know, a lot of the money in the world is people
• 11:36
  that bought the Mag 7 at the right time.
• 11:39
  So Bitcoin is a technology is much more compelling than
• 11:45
  Bitcoin as a speculation or even as an ideology.
• 11:50
  Bitcoin represents a savings vehicle that not only
• 11:52
  dematerializes physical assets like gold, but it also
• 11:56
  represents the only asset out there that allows us to maintain
• 11:59
  any semblance of freedom in this world of digital surveillance
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  and control. I hope you can see what's
• 12:04
  happening, and I hope that you're making decisions in light
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  of this future that is coming. Respond in faith and not in
• 12:09
  fear. This is Dante Coke of Bitcoin.
• 12:11
  Simply happy oh, before you go, if you haven't already booked
• 12:15
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• 12:29
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  Bitcoin and check out. Thanks for watching the video.
• 12:35
  This is Dante Cook with Bitcoin. Simply Happy stacking.