Latest / Simply Bitcoin / Binance to Suspend US Dollar Transfers | EP 671

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Binance to Suspend US Dollar Transfers | EP 671 · Simply Bitcoin

0:12
Yo, welcome to Simply Bitcoin live your number one source for
0:14
the peaceful Bitcoin Revolution code, breaking news, culture,
0:16
Matic Warfare. We will be your guide through
0:19
the separation of money and stay another episode where we're
0:21
going to cover that exact topic, which is why I say it so much
0:27
because I think as time progresses and the theory of the
0:30
case, which we always say a lot of people find it hyperbolic,
0:33
but I think as time goes on, it will become incredibly obvious
0:36
that it isn't hyperbolic, which is like the idea of Bitcoin or
0:39
slavery. So a couple things so it It was
0:42
announced it was a Bloomberg article.
0:43
I think it dropped yesterday announcing that by and we've
0:47
heard this word temporary many times that by Nance is in a
0:50
temporarily stop US dollar transfers specifically for the
0:55
main Exchange right you know we know there's two exchanges,
0:58
there's Finance us and then there's a finance International
1:01
which is the vast majority of the internet of the volume.
1:05
They're going to stop US dollar transfers.
1:07
Now that in itself, you'd say that's nothing Burger specific
1:11
because they say He said it was temporary write.
1:13
That word temporary was also the word that Richard Nixon used in
1:16
1971. So whatever hear that word
1:18
temporary. You know, like a little red flag
1:20
comes up. So there's that right?
1:22
But then connect it with the news that dropped a couple weeks
1:25
ago, that said that the Swift system was going to cut off.
1:31
Banging it specifically it didn't get into the details, but
1:34
specific is One bank, right? So when there's a couple of
1:37
currencies, you know, it kind of makes you ask questions now that
1:41
in itself. Also big nothing Burger of news,
1:44
right? But I'm going to make the case
1:46
that eventually the banks themselves would make it very
1:50
difficult to transfer to these exchanges.
1:54
You know, of course, some people transfer to exchanges to
1:58
degenerate trade. We don't obviously we don't
2:00
recommend that and then there's people that are transferring to
2:04
these exchanges to opt out and, you know, get some get
2:07
themselves, some Freedom money, and I think, You know what,
2:14
let's wait till the news. I'll let you guys be the judge
2:16
because I think there's only so much I could say to describe
2:20
this, but I think that once I show you guys and we'll paint a
2:24
much bigger much better picture, but before we start the show and
2:27
introduce my awesome co-host. How you doing Opti?
2:30
Are you doing yeah? Yo bro.
2:34
Yeah man. Not only is this binding story,
2:37
interesting, but I think you you, what do you always say?
2:39
You buried the lead. There we are.
2:41
Seeing we are Seeing the then they fight you stage all around
2:45
the world and it's just more and more proof that the banks and
2:49
the politicians and the bureaucrats are absolutely
2:52
afraid of Bitcoin. And it just, it just just goes
2:55
to show to me that that Bitcoins just stays winning and this is
2:58
the reasons why we should be holding Bitcoin but anyways, in
3:02
the culture. So we could just get straight
3:04
into the news because I know you got a bunch going on today.
3:06
I saw this article on bitcoin Maga and it's a story about
3:10
Merchants adoption in Portugal and I think it's it's a kind of
3:13
a good little illustration of what US individuals as
3:17
bitcoiners should be doing out there to try to get more people
3:20
on the Bitcoin standard. So I really like this article, I
3:23
really like this, this lady's story and I think there's a few
3:27
learning points in there. So this what we have done to
3:29
death. Absolutely.
3:31
All right everybody. Let's start the show.
3:33
Lots and lots to talk about The Bitcoin numbers brought to you
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All right, everybody, I want to tell you about the biggest
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It's going to be in Miami Beach, Florida, definitely, don't want
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to miss. It May 18th through the 20th
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2023. You can use the promo code all
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caps simply to get a 10% discount to this awesome awesome
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conference. You definitely don't want to
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miss. It's going to be the biggest
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conference, the biggest Bitcoin conference in the world.
4:31
Speaker list includes a list. Has Michael sailor, Lynn, Alden,
4:36
Alex gladstein, Maddow delcor eclipsed in Stacy, Herbert, and
4:40
many, many more guys, you don't want to miss this.
4:42
Of course, Opti and I are going to be there as well.
4:44
Hope to see a lot of you guys in the flesh.
4:46
Anyways, let's get to the numbers, the Bitcoin price.
4:49
At the time of recording is 22, 1955 SATs per dollar. 4356 block
4:56
height 770 5459 blocks to The Happening 60 4541 Having
5:04
estimate April, April 24, 2024 total lightning capacity. 5354
5:11
capacity Valley, 122 million dollars realized monetary
5:14
inflation 1.76 percent and the market capitalization of Bitcoin
5:19
is 442 billion dollars with a be Bitcoins inflation rate.
5:25
Continues to take Fiat currencies to Absolute school.
5:28
I love highlighting that part because I think it really shows
5:32
really what makes Bitcoin you. Meek and what makes Bitcoin
5:35
special. Anyways, have a clip of no other
5:38
than Michael sailor for you guys.
5:39
This was at the latest ETF conference in Miami Beach.
5:45
I think the conference date was January 26th and here is an
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interview with him and Bloomberg TV.
5:52
It's about a two-minute clip. I'm going to play it and then
5:54
we'll talk about it. Probably different things.
5:57
We've issued senior debt junk bonds when we thought that was a
6:00
creative we've done convertible bonds, two of them when that was
6:04
a creative, we've issued Equity. We currently have a 500 million
6:09
dollar at the market shelf, registration that's open and we
6:12
sold about 44 million dollars, worth of equity and start
6:16
somewhere. Sometimes we do that and we've
6:18
also borrowed against the, the Bitcoin we have more than
6:22
100,000 dollars, 100,000 Bitcoin that are on.
6:26
I'd say we can borrow against and we use some of that to
6:30
borrow 200 million from Silver Gate and a Bitcoin back long,
6:33
Michael. Obviously, a lot of attention on
6:35
your company because of this for re into crypto, a lot of folks
6:38
have embraced it, but there are a lot of folks are also
6:41
wondering why by microstrategy and place of just buying Bitcoin
6:46
or the crypto in and of itself. What's the advantage of going
6:49
through you? Well a lot of institutional
6:52
investors aren't able to own Bitcoin this property and they
6:56
Have broker-dealer relationships that will allow them to buy the
6:58
underlying digital commodity. So for them, they could buy
7:03
microstrategy and a couple of minutes and a phone call and
7:06
they could do it for their Prime broker and our stock is
7:09
marginal. So some some people are using us
7:13
as a Gateway because it's just a simple way for them to get
7:15
exposure. Although others are instant, the
7:18
capital structure because the company has a levered Bitcoin
7:21
play because we've got about 2.4 billion dollars of debt at a
7:25
blended in. Straight up just a couple of a
7:27
percent so it's a cheap effective way to get leverage
7:30
that coin exposure. Some people just want to trade
7:33
the volatility and so if you want to go long Bitcoin, word
7:37
choice if you want to go short Bitcoin, your choice, if you
7:39
want to trade or Arbitrage, all the derivatives were Simple
7:43
Choice and I have gone through the steps of Ky seeing with a
7:47
Bitcoin exchange. It could take you three months
7:51
to actually get the account and trade and buy the underlying
7:54
asset. So, And some people don't have a
7:57
mandate even own the commodity. So we really meet a need for
8:01
institutional investors, that want to trade Securities with
8:03
exposure to the crypto Market. So shout out to Bloomberg News,
8:08
right? That was Great Clip.
8:09
And I mean, what's interesting about that is, what are you
8:14
saying? Is in that and shout out to that
8:16
question because I was incredible questions.
8:17
Like, why should I, you know, like, why should I buy Microsoft
8:22
like, why should I buy microstrategy instead of
8:24
Bitcoin? And he said, a couple things I
8:25
use is a leverage play levered play, which I thought was
8:28
fascinating. But the more interesting part
8:30
right was how Michael Steele described how difficult it is.
8:34
For institutions, just You just have a Bitcoin position in the
8:41
first place. Like, that's really, that's
8:43
really, really weird. It's really, really weird that
8:47
it's easier to buy microstrategy than it is to buy Bitcoin.
8:52
Now, is that by Design, is that why the FED has been, you know,
8:58
suppose I think it's a sec, right?
8:59
Is, is that why they've been slow walking the Bitcoin ETF?
9:03
Like, is this why? I like it's really interesting.
9:06
I don't know, just a couple thoughts there, but I thought
9:09
that was weird. I thought that was really,
9:11
really weird and I also presents an opportunity as well, right?
9:15
Like if it's so difficult for institutions just to and again
9:19
like I'm sure it's very easy for them to buy a hundred thousand
9:23
dollars or the Bitcoin, or million dollars, or the Bitcoin,
9:25
but You definitely can't deny that, it's difficult, at least.
9:30
It seems like it on the surface that it from my understanding
9:33
based on that clip. And I'm not doubting Michael
9:36
sailor when he says that because obviously, he's a much better
9:39
vantage point when it comes to this particular topic.
9:42
It sounded like it's difficult for institutions just to have a
9:46
Bitcoin position in the first place.
9:48
That's what it sounded like to me.
9:50
And it sounded like look in the meantime just by microstrategy
9:53
which I also thought was really fascinating and And the Neko
9:58
Jones and me is like, is this why they've been slow walking
10:02
the Bitcoin ETF they just don't want.
10:05
Companies are big institutional players to have exposure to
10:08
bitcoin, right? And then you know to play
10:10
Devil's Advocate they would say oh this is for this is for
10:13
security purposes. Like no no no, you know what he
10:16
scams have happened in the last couple of years.
10:18
I don't believe that for a minute, but or is it a matter
10:23
of? They want to at least slow down
10:26
a bit coin. Option in the eyes of the
10:28
institutions, I think that once they taste this, I think it's
10:31
going to become very apparent to everybody that Bitcoin is a
10:36
viable alternative for companies to have Bitcoin on the balance
10:42
sheet, rather than Fiat currencies.
10:44
And I think I would make the argument that that's the reason
10:47
that they've slowed down the ETF, but I do agree with with
10:51
sailor, you know, perhaps in the meantime, buying a company like
10:55
microstrategy Kind of, you know, functions as a I wouldn't call
11:01
it a solution, but maybe like, if you do want exposure to
11:05
bitcoin, you know, microstrategy is the way to go, I guess.
11:09
But I don't know as a Bitcoin ER I would say not your keys, not
11:14
your Bitcoin and nothing replaces true corn, true
11:17
Bitcoin. But anyways I thought that was
11:20
really interesting. What did what do you think of
11:21
opt? What did you think of that Opti?
11:23
Like I can't, I still can't wrap my head around the fact.
11:27
That it's not easy, for large institutions to accumulate, a
11:32
Bitcoin position. I think that's fascinating to
11:34
me, specifically, in a country like the u.s., you know, that
11:38
that is supposedly the leader of those types of things.
11:40
Like, I can't, I still can't believe that that it's difficult
11:43
for them in this country. I don't know what are your
11:45
thoughts, bro? Well, I mean I think well first
11:50
before I answer your question, the part that got me the most on
11:54
that was when he's like yeah we you know casually nonchalantly.
11:57
Oh we only hold 100,000 100,000 Bitcoin.
12:01
It's like dude. Like man I wish I had a hundred
12:06
thousand Bitcoins just and yeah to your point man.
12:13
We know we've known for a while that the Legacy system or that
12:18
it's hard for for people to get exposure to bitcoin through the
12:21
Legacy Financial system. And I think it's kind of you
12:24
know not to put my tinfoil hat on but like they don't want you
12:28
owning Bitcoin. They don't want you having
12:30
exposure to bitcoin because it's something we kind of talked
12:32
about here. But the problem the pronouns, I
12:34
know that it's like okay. But like you guys are you know
12:38
conspiracy theories like that would never happen but it's like
12:40
I know you remember no no but the thing is I'm agreeing with
12:43
you. Do you remember what happened
12:45
with you? Remember what happened with?
12:48
Catland Long's bank custodia, right?
12:50
And how it was only a couple weeks ago, where the FED took a
12:53
year, Captain long, sued them, and then basically they denied
12:58
them out right? And basically what Kaitlyn was
13:02
trying to trying to do was he was trying to get a Federal
13:05
Banking Charter, which would allow custodia to bank directly
13:10
with the fat and not go through intermediaries.
13:13
Or be competitive right? As a bit coin bank and they
13:16
denied them. So I mean that's a lot of
13:19
coincidences at the same time, right?
13:22
Like and you got to connect the dots for it to paint a whole
13:24
story, right? You have Michael sealer saying
13:26
it's not easy for institutions to buy to get exposure to
13:29
bitcoin. They have to buy microstrategy
13:31
stock. Instead you have Caitlyn, Long's
13:33
Bank, custodia denied, and then you have the Bitcoin ETF by the
13:37
SEC, slow walk / denied, like that's a lot of coincidences and
13:42
all of those things. You can make the argument that
13:44
they slow down institutional adoption of Bitcoin.
13:48
So I mean like is there something more at play here?
13:53
I could definitely make the case for it but at the same time I do
13:56
acknowledge the fact that we that we are slaves to new cycle.
14:00
We have to cover this every day. Maybe were pointing out
14:03
something that's not there, but I I'll say this.
14:06
That's a lot of coincidences. It's a lot of things that are
14:10
benefiting certain people. And then I don't know bro,
14:15
that's those are beautiful. They want cheap corn just like
14:21
the rest of us. So you know, they hate using the
14:25
word smart money but smart money doesn't fomo into anything at
14:29
all. But I mean we've known and and I
14:32
mean microstrategy's kind of gotten some flak in the past for
14:35
this as well. It's like micro strategies is
14:37
like the de facto Bitcoin ETF right now like whether there's
14:41
an official ETF on the market or not.
14:43
Like most people are kind of looking at it like it's
14:45
microstrategy but you know coming back to Earth for just
14:48
the average Bitcoin ER like plebs bitcoiners average person
14:53
out there just by spot Bitcoin. If possible, I know your 401k
14:57
may not allow you to but man you want to own spot Bitcoin.
15:02
Let's try to avoid the paper Bitcoin, you know, shouts out to
15:04
microstrategy, not saying there's anything to fair use
15:07
there. But you want to own Bitcoin in a
15:11
wallet that you control This is what we try to tell you guys to
15:14
do consistently every single day here.
15:16
So not your keys, not your Bitcoin.
15:18
I think that this is the message that we will, continuously beat
15:21
the drum on and just own spot Bitcoin.
15:24
This is the way guys, a whole take Bitcoin into self custody.
15:27
This is the way. Yeah, absolutely.
15:31
This this this is the way anyways, everybody, let's get to
15:35
the news. We got a lot to talk about and
15:37
it's going to be quite a rabbit hole.
15:38
Let's let's check it out. The Daily News brought to you by
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Bitcoin. All right, everybody, I'm going
16:18
to take you down a story. So I think the theme of today's
16:26
news segment is and kind of connect the dots with the number
16:30
segment is, you know, you can make the case that the SEC is
16:36
slow-walking the ETF. You can make the case that the
16:38
Fed was slow-walking the Bitcoin Bank.
16:40
The custodian, Ink. Right.
16:43
And then Michael sailor basically you know going on
16:46
Bloomberg and saying it's very difficult for institutions to
16:49
get exposure to bitcoin. I'm sure like on a bigger scale
16:52
and and what I'm seeing here also is Banks themselves, kind
16:57
of being a little bit hostile and I know that this has
17:00
happened in the US as well. Well this is kind of the latest
17:02
development of this and I think as I cover more articles, it
17:06
will paint a broader picture of the case that we're trying to
17:10
make. And Look, all of these things
17:13
could be coincidences. That's a lot of coincidences,
17:16
right? You have the ETF, you know, not
17:19
being accepted, you have the custodian Bank, you know, you
17:23
have what what microcellular was saying?
17:24
It's difficult for institutions to get exposure to bitcoin.
17:28
All right? So it's a lot of coincidence,
17:30
right? Anyways, so also this, so this
17:33
came out, we covered it. When it came out is January
17:35
22nd, the headline is by Nan Swift banking partner set to ban
17:39
USD transfers below Okay, right guys.
17:42
All remember when that came out and we covered it a lot on the
17:45
show and we said it was a developing story.
17:47
We said that maybe this is a big nothing Burger.
17:50
Well yesterday. So a couple weeks after this is
17:54
an article from Bloomberg in the name of the article, is exactly
17:57
what the title of the video is. Financed to suspend US dollar
18:01
transfers using bank accounts. So let's get into some more of
18:04
the details. And again, I wouldn't normally
18:07
cover this because I think it's a big.
18:09
No nothing Burger but I If you connect it with other things
18:13
then it starts to paint a picture Finance.
18:16
The world's largest crypto change said, it's temporarily
18:19
suspended your deposits and withdrawals of US Dollars using
18:23
bank accounts and will work to restart the service soon.
18:26
The suspension will start Wednesday according to finance
18:28
folks. Spokesperson no specific reason
18:31
was given for the suspension, but Bank transfers using other
18:34
Fiat currencies, such as Euros are unaffected.
18:36
The representative said quote, it's worth noting that only
18:39
point zero one percent of our monthly active users, leverage
18:42
US Bank transfers but that but that we are working hard to
18:46
restart Service as soon as possible.
18:47
The spokesman said in an email statement other methods of
18:50
buying and selling crypto and finance such as such as via
18:54
credit card, Google pay, and Apple pay remain unaffected by
18:57
Nancy u.s. a separate entity that designated for u.s. users
19:01
says, it's not affected by this move.
19:03
Crypto companies had had difficulties, finding banking
19:06
Partners to facilitate the sending of money to buy and sell
19:09
digital assets following the collapse.
19:11
The FTX banks have been warned by federal Regulators of the
19:14
risks of doing business with crypto firms.
19:17
And I think that last paragraph is what I want to focus on banks
19:20
have been warned by federal Regulators of the risks of doing
19:24
business with crypto firms. Right?
19:26
So that language, I remember seeing an another article,
19:31
right? And this kind of connects me
19:33
with this coin. Des article came out a day after
19:37
this Finance news in the name of the article, the headline is UK
19:41
Banks blocking crypto access given fraud.
19:44
Volatility, lawmakers told Bank bosses in the UK or blocking
19:49
customers access to crypto assets, due to concerns over
19:53
fraud and volatility lawmakers were told today.
19:56
When I read that this morning, I tweeted out, I said, listen,
20:02
some original thought I said, if they could read, if they could
20:05
freeze your money and tell you what you can and cannot buy with
20:09
your money, is it really your money?
20:11
Social media and tech technology platforms are cited as a
20:14
significant source of fraud, but Executives told the treasury
20:18
select committee, that new regulations could boost
20:20
confidence. Well, we have taken a pretty
20:23
hard line as a bank on crypto quote.
20:27
We're blocking retail and wealth customers from transferring into
20:30
crypto assets because of the volatility and the stability of
20:34
the platform. Why is the bank making those
20:37
decisions for their customers? Isn't it?
20:39
The customers, Ian's to make that type make there, isn't it.
20:43
The customers basically right to make those decisions over what
20:48
he or she, or they should be able to do with their money,
20:51
right? It's very strange, very strange.
20:53
But again, if it's if it was just these articles by
20:57
themselves, then I would say okay it's a nothing Burger, but
21:02
it's the connection, right? It's the connection.
21:04
So we have the, by Nance knew this from Bloomberg, we have the
21:10
UK. Next block in crypto access from
21:12
going desk. And I think the big development
21:16
right? What is the hostility towards
21:20
the Bitcoin and shit coin industry?
21:22
And they should I think the should coin industry is a scam
21:26
also there in their brace meant of the Central Bank, digital
21:30
currencies. And there's a couple articles
21:32
that were dropped by the telegraph that I think highlight
21:36
a lot of things. And then again, compare how they
21:40
are treating In the Bitcoin industry with how they're
21:44
treating Central Bank digital currencies, right?
21:46
It's like they're ignoring all the potential risk of Central
21:49
Bank digital currencies. But at the same time they're
21:52
hell-bent on saying hey there's a ton of risks volatility etc
21:56
etc in the Bitcoin space. So I think it's more double
22:00
standards and then this kind of gets to an idea that we've been
22:04
making the case for many times on this channel, is the people
22:07
that are responsible for regulating.
22:09
The industry are also Also, some people that stand the most to
22:13
lose, if the industry is successful, right?
22:15
So that's something to think about as well.
22:17
Anyways, the know this article is called digital pound
22:20
possible. By 2030 in bid to combat
22:24
falling. Use of hash very interesting how
22:27
they say that, right? The bid is because we want to
22:31
combat the following use of cash.
22:32
Now I said that Nigeria was going to be a foreshadowing into
22:37
the future and I really do believe that now to kind of give
22:40
you guys a usher and we cover this on yesterday's episode in
22:43
Nigeria. Right now the government has a
22:46
war on cash because they want people to stay in the system and
22:50
what people are doing in Nigeria's that they're opting
22:52
out into Bitcoin and shit coins. So in an attempt to stop that
22:57
the Nigerian government saying, hey we got to put Capital
23:00
controls. I think the last time I read it,
23:01
it's like there's a 40 dollar limit, right?
23:04
So could this be a foreshadowing on to what's happening in the
23:09
west? I would make the case that it's
23:10
following. The same pattern, right?
23:12
And but I think that there's a lot of public push back.
23:15
So they're having a lot having a lot harder time to roll out a
23:19
cbgc. Anyways, there's a lot of little
23:23
bits in this article that tell a lot.
23:26
Anyways, goes on to say the bank of England and treasury will
23:29
next week, throw their weight behind a digital pound, as they
23:32
set out a roadmap to introduce a new Central Bank, digital
23:35
currency by 2030. Andrew, Bailey and Jeremy Hunt
23:39
are expected to say. It is likely that a new form of
23:41
money will be needed as cash. Use continues to decline, an
23:45
increasingly digital economy. It is understood that any new
23:48
state back digital currency, which has been Britt coin in the
23:52
Press would sit alongside cash. However, the plans are likely to
23:56
fuel fears that physical currency could.
23:58
One day be phased out altogether quote on the basis of our work
24:03
to date the bank of England and hm treasury judge that is likely
24:08
a digital pound will be needed in the future.
24:11
Well, it is too early to commit to build infrastructure for one,
24:14
but we are convinced that further Preparatory work is
24:18
Justified. A CBC would use blockchain
24:21
technology, currently used by cryptocurrencies to record
24:25
transfers on a central on a central digital Ledger.
24:28
I would make the case that they don't need that.
24:30
You know, a database will work just fine.
24:34
The bank of England's already creates money digitally, by
24:37
issuing new Reserves at commercial Banks, but a CBC I
24:41
would theoretically allow the bank to issue new currency
24:44
digitally directly to individuals or businesses.
24:47
Now, what I just read that last part is every banker and
24:52
politicians wet dream. If they have this Direct Banking
24:57
relationship with people, they can pick and choose what rules
25:02
they want to implement. They could see what type of
25:05
transactions. You're doing.
25:06
You bought a gas stove. We don't like that.
25:09
Potentially shut off your Any. Now, this what I'm saying?
25:13
Sounds absurd, but it's already happened.
25:14
You guys remember the trucker's protest in Canada right now?
25:18
What's really interesting is you go to the end of this and they
25:22
interviewed They interviewed someone that used to work and
25:28
the bank of England, right. And here you get his raw
25:33
thoughts. And it's funny because his raw
25:35
thoughts are basically saying are basically making the case of
25:39
what bitcoiners are making the case for for.
25:42
I don't know how long. So he says he pointed out most
25:45
transactions were already digital and served.
25:47
Well, by the current system of Commercial Banking, quote, no
25:50
doubt. Further improvements are
25:51
possible, even desirable but no, but none required.
25:54
Casey, BDC a report by the Lord's economic Affairs
25:58
committee. Also warned that the
25:59
introduction of AC/DC could lead to more quote State surveillance
26:03
of people spending choices or even quote Financial instability
26:07
as people convert Bank, deposits to CBC during periods of
26:11
economic stress. The bank and treasury are
26:13
expected to stress that personal details will not quote, not be
26:17
known by the government or the bank of England's with CBC
26:20
expected to offer the quote saying privacy as most of the
26:24
The money we use. So again, we're expected to
26:27
believe that the government isn't going to use a power that
26:32
they have in their hands were specifically in the United
26:35
States, right? Even with the first amendment
26:37
protection, the US government broke that first amendment
26:41
protection. And it's still asked Twitter, a
26:44
private company to censor, certain a certain American
26:47
speech. So and but we're also expected
26:51
to believe that they're not going to use the power of money
26:54
for political means as well like it's so absurd, right?
26:58
No one deserves that power. No one deserves the power of
27:01
being able to print money for free and no one deserves the
27:04
power of being to censor another human beings money.
27:07
No one deserves that, right? And it's absurd to think that
27:10
they're not going to use that. Anyways, it goes on to say.
27:13
However the consultation paper concedes that under some
27:16
circumstances, law enforcement agencies, He's would have access
27:19
to users data on the same basis as currently applied to Current
27:22
financial services the treasury and Bank declined to comment.
27:26
Now it's interesting because that came out right there like
27:29
they were looking at CDC and then not too long after this
27:34
Telegraph article came out about two days later.
27:37
And the name of the headline of the article says hoarding
27:39
Bitcoin to be banned over Bank, Run fears.
27:44
So again, think about how absurd that sounds hoarding.
27:48
Hey. You can make the case that
27:52
hoarding just means saving. So saving British coin to be
27:56
banned over Bank, Run fears under so Knox, digital currency
28:00
proposal. So like how absurd does that
28:04
sound right now? What do you think any rational,
28:08
human being? What do you think they would
28:10
choose what system? Do you think they would choose?
28:13
Like, it's incredibly obvious. If people have a choice between
28:19
Bitcoin, where their fear that, you know, they don't have to
28:22
fear about censorship confiscation debasement or they
28:26
have a choice with a CBC. Look at one of the things that
28:29
the CDC would have hoarding is impossible.
28:33
You can't horde, right? And then connect the dots with
28:36
What they're doing in China already, in China, supposedly
28:38
the cbc's over there, have an expiration date.
28:42
So you have to use the money that you earn by a certain date
28:45
or as expires, like it's so absurd.
28:48
Like, it's so crazy to me anyways.
28:51
So goes on to say consumers will be blocked from hoarding new
28:54
digital pounds issued by the bank of England because
28:56
officials fear a run on the High Street Banks according to a
29:00
consultation paper that suggests a new form of money could be
29:02
introduced by 2030 Governor, Andrew Bailey, Chancellor,
29:06
Jeremy Hunt revealed, a roadmap on Monday night for creating a
29:09
new bank, digital currency dubs. Brit coin in the press that
29:13
could enter circulation by the end of the decade, which we read
29:17
in the previous one. Now, it looks like these guys
29:19
are very serious about it, because here is the HM treasury
29:22
tweet. And it says the the way money is
29:25
being used is changing globally. I agree.
29:27
People are now opting out of state money, using money that
29:31
has rules without rulers where the monetary policy instead in
29:34
stone and it's much better. A money than the money that you
29:37
guys have. And I don't think that they're
29:40
willing to part willing to compete with Bitcoin on the free
29:43
market because they knew they would get crushed.
29:46
So, what they're using is, you're using the government's
29:48
power, to coerce people, to try to use it.
29:51
Now, what I just said is why I believe you have hostility
29:56
towards the industry. Like this example, with the UK
29:59
Banks blocking crypto access and like the recent example with by
30:04
Nance Finance to suspend us, Transfers using bank accounts.
30:07
And then we've also heard currently has countless examples
30:10
here in the US of other Banks, being hostile, to people hostile
30:15
to bitcoin companies hostile to individuals that have banks with
30:18
individuals that have accounts with those banks that are just
30:21
stop it. Like are just closing their
30:23
Banks out, right? Because those people are
30:26
deciding to buy Bitcoin, right? I believe, I think that both
30:30
thing both things have to do with each other and Again like
30:36
it's making the case, right? Is that the people that are
30:40
holding our money, the people, the banks that are holding our
30:42
money. Also stand a lot to lose if
30:45
Bitcoin succeeds. So talk about a misalignment of
30:48
incentives and I think as time goes on it will become an
30:52
incredibly apparent that incredibly apparent that they're
30:57
hostile towards the industry. And I think this is why it was
31:00
so important to have a dedicated Bitcoin Bank like the custodian
31:04
Bank. But maybe it's a pipe dream,
31:07
right? Because they still have to ask
31:08
for approval from the Central Bank of the u.s. and the Central
31:12
Bank of the u.s. I would make the case that it
31:14
hands. Them has a lot to lose if
31:16
Bitcoin succeeds. So this misalignment of
31:18
incentives and like I went down this rabbit hole and then like
31:22
it kind of leads you into. Okay.
31:23
So then what's the next step? The next step is just opting out
31:26
like fine, they do this but maybe we got to earn in Bitcoin.
31:30
Like maybe that's like that. That's the next step.
31:33
Maybe maybe the next step is just like peer-to-peer, right?
31:36
Like are we really gonna like placate this system, you know,
31:41
like that's kind of like the rabbit hole that that led me
31:43
down, you know? I don't know, bro.
31:46
Like it's too many coincidences and then them being so naive
31:51
about the CBD season, the dangers of cdc's and they just,
31:54
it looks like they just look, look, look another Direction.
31:57
They're just like and then but it's funny because like a
31:59
preview. The previous Banker that was
32:01
there was like, look at all the dangers and then they're just
32:04
completely oblivious. Like they pretend like it
32:05
doesn't exist like cbc's are the end-all-be-all look?
32:09
Cbc's make no mistake was a response to bitcoin, right?
32:14
They want to remain relevant, they want to hold onto their
32:16
privilege of being able to create an issue money for free
32:20
at. No cost to them that everyone
32:21
else has to work for. And I think CBC is like this
32:25
Hail Mary attempt at being able to maintain that privilege.
32:30
As in the example with Nigeria, I think that if free individuals
32:34
have a choice between money that is inflationary and money, that
32:39
is deflationary and money, that is censorship resistant versus
32:43
money that the government gets to pick and choose what
32:45
transactions are. Okay, I think individuals are
32:47
always going to are always going to choose Bitcoin and then the
32:51
next step to that is the government's coercion and
32:54
attempt to stop the adoption of Bitcoin in to stop individuals
32:58
from opting out into Bitcoin. Which then leads full circle
33:02
into the idea of our governments really working for us when
33:06
they're rolling out these cbc's, or are they working for their
33:09
own self-interest? Like, do we really need a CBC
33:13
isn't money, already digital? Is it really improving the lives
33:17
of individuals or is it improving their situation?
33:21
And then that goes full circle to our governments really for
33:25
the People, by the people, or governments by themselves for
33:29
themselves, which I think is going to be a very difficult
33:32
question. For a lot of people to ask
33:35
specifically, over the next ten years as Bitcoin continues to
33:38
expose everybody's incentives. Anyways just some thoughts Opti.
33:44
What's up bro? Well, of the questions.
33:48
I know what my answers are but I'll let I'll leave that for the
33:52
listeners. I mean, it's something I said
33:55
consistently on the show, you know, Banks and governments are
33:58
terrified of Bitcoin. And this is happening everywhere
34:01
right now and the on and off ramps are being monitored and
34:04
choke. This is very obvious and, and
34:07
it's becoming more of a point of contention as we enter deeper
34:12
into. To the then they fight you stage
34:15
and it's something you I think that you touched on in the end
34:17
which it's like this is the importance of the Bitcoin.
34:21
Circular economy that we, you know, you need to start
34:24
receiving Bitcoin for your services and starting to
34:28
exchange Bitcoin, peer-to-peer with your peers and, you know,
34:31
like using Bitcoin, not just, you know, as they're saying
34:34
hoarding it, but I really like the low-hanging fruit fud
34:40
volatility and fraud that they use.
34:41
It's like we say this all the time.
34:43
And they are going to continuously use these Fudd
34:45
criticisms until they stop working.
34:48
And obviously, it's hilarious that they say, you know like
34:52
brick coins good and it'll be out by 2030 but hoarding is bad
34:56
like Building. Wealth is bad and will be banned
34:59
and they calling it hoarding like.
35:01
This is absolutely insane. Clown World dystopia stuff.
35:05
Like the only way you can build wealth is by cold on quote,
35:08
hoarding your money and a hoarding, your Capital.
35:11
Like what kind of world are Are they do they want for you?
35:14
Oh yeah. I remember you will own nothing
35:16
and be happy, like it's absolutely insane but also I
35:21
think there is like a silver lining to all this and it's
35:24
something that you kind of touched on.
35:26
I really like that these people continuously endorse or rather
35:30
acknowledge the fact that we need to look at money a
35:34
different way in the digital world like they keep
35:36
acknowledging. The fact that yes like the money
35:39
is broken and yes, you know, we will need to innovate.
35:43
In the in the money sector. And yet, they're always like,
35:47
here's my shit coin. And we're like yo, bro, like
35:50
it's called Bitcoin. Like we already have it we've
35:53
already shown you the way and you said it.
35:56
And I've said in the past as well like Bitcoin is forced to
35:58
conversation, Bitcoin has forced a narrative without the
36:01
existence of Bitcoin that they wouldn't.
36:03
They we wouldn't be talking about cbc's.
36:05
We wouldn't be talking about a money for the digital world.
36:09
And this is why I always say and we always say Bitcoin, just As
36:13
winning the incentives of Bitcoin, just continuously
36:16
out-compete on the free market than anything.
36:19
The state could ever try to roll out and this is just the beauty
36:22
of being a bit corner. Like you guys are still early.
36:25
Obviously, we're still early because the bureaucrats are
36:28
still freaking out with their heads.
36:29
Cut off like the state. The state is on its last breath,
36:32
and Bitcoin has put it there and let just beautiful to be a bit
36:35
Corner 100% and look at there's some really good comments and I
36:39
just wanted to pop them up and talk about him.
36:42
So, Frank Arc said by 2030 Bitcoin has already wrecked them
36:46
all. Yeah, I agree that that's two
36:48
full Cycles from now, it will be very difficult for them, that's
36:51
for sure. You also have moonshine fuels,
36:55
as then they made gold, not a currency and confiscated it and
36:58
look and honestly because a lot of these topics like they sound
37:02
so absurd. Like, I was reading a lot of
37:04
that. I was like dude like the sounds
37:05
ludicrous, right? But all you have to do is look
37:08
at history and history has shown right?
37:11
That you know they've done worse.
37:13
Things. Anyways, so p man van sin is
37:16
owning a home hoarding property. No it's not because you pay
37:21
taxes on a home. Does not consider home own
37:24
hoarding and I think that's really the you know I think
37:27
that's really the thing here right?
37:29
I think that with hoarding and people are not spending.
37:32
If people are not spending if people are hoarding their not
37:35
the you know, the government isn't collecting taxes.
37:37
And I think that's kind of the angle there, right?
37:41
But yeah, it sounds dystopian as hell.
37:44
And you know, we don't say that this is the separation of money
37:47
and state lightly. This is literally what it's all
37:50
about. Anyways, everybody we got, let's
37:53
get to the new. Let's get to the culture.
37:54
We got a lot to talk about the, check it out.
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39:08
Alright guys so very fitting that we kind of touched on the
39:14
idea of the circular economy today because I saw this article
39:17
by Bitcoin mag. Well it's actually by this lady
39:21
Holly young and shouts out to her.
39:24
It's this idea of we continuously tell you guys, I
39:27
know on Twitter people will tell you like, oh, or even people
39:31
that try to fund Bitcoin, like, you are not early Bitcoins at 20
39:34
plus K like, you know, Bitcoins and Old fad that you're late to
39:38
the game and all this other blah blah blah blah guys.
39:43
I have one fundamental here istic and I think about this
39:46
consistently. If you don't think you're early
39:48
go walk around in Normie life and ask people if they're
39:51
bitcoiners, ask people if they understand Bitcoin as people if
39:54
they're taking Bitcoin and as you know Bitcoin ER most people
39:59
aren't or don't even understand Bitcoin.
40:01
Anyways, I found this article and I really like their this
40:06
this article. This, this experience at Holly
40:09
laid out for us because I think it's kind of something that I
40:13
will be trying to do myself but also that bitcoiners I think are
40:17
taking up on their own and trying to get more people
40:20
adopting Bitcoin because we're at this point where we have the
40:23
freedom tools out there and it just it's a matter of getting
40:26
people to get on board and understand why we do what we do.
40:30
So let me just jump into this article because I think there is
40:33
some great learning point here and this is an article On
40:37
bitcoin magazine by Holly young, it's an opinion piece and it's
40:39
called what I've learned onboarding merchants in Portugal
40:42
to bitcoin Lessons. Learned by one expat, Bitcoin
40:45
are living in Portugal, who decided the merchants at her
40:47
local market needed, the lightning Network.
40:50
So, Bitcoin communities are on the rise in south of Portugal.
40:54
A numbered of initiatives are actively seeking to strengthen
40:57
and increase these Bitcoin communities including Meetup
41:00
study group workshops. And recently, a telegram group
41:03
connecting Merchants who want to sell their organs for Bitcoin
41:06
with Client group that wants to buy them.
41:08
And again, I'm going to butcher this but I think it's mon One
41:12
Cheek a market in Portugal. They are having it's a, it's
41:19
basically like a farmers market that spring up after the the
41:23
pandemic lockdowns, and then their freedom loving expat
41:27
community and they're hoarding. So they wanted to trade good
41:31
within themselves with their little community, and the
41:33
Commodities available in the market are largely edible.
41:36
All but anyways Holly was super excited when she found this
41:40
community, she's Bitcoin. ER and she dropped a message in
41:43
the telegram group for the merchant, inviting them to a
41:46
free educational workshop on how to make and accept lightning
41:49
payments for their goods Services.
41:51
Which is something. We consistently talked about
41:53
here on the show, is it trying to provide your services,
41:56
provide your value and receiving Bitcoin.
41:59
And so Holly took it upon herself to Target a group of
42:01
merchants who are in the position to accumulate Bitcoin
42:04
on their balance sheets and use it as a savings account.
42:07
And she got some backlash, she got.
42:08
She got some people that started to call her spammer and you know
42:14
it hit her in the fields because as an ideological Bitcoin, ER,
42:17
you'd hope that people would embrace your offer to help them
42:22
get on a hard money standard to help them live a better life.
42:26
And so in a group of over 1,000 members, only a handful
42:28
responded and of those about half were suspicious - and
42:32
accusing her of promoting a Ponzi scheme are profiteering
42:36
half Ali He happily the other half wrote to her, wanting to
42:39
join with genuine interest. And again, this is this is part
42:42
of the idea that I know, we're so early here, because try to
42:46
talk to people about Bitcoin, try to talk to people about
42:49
accepting Bitcoin. And usually, you get a lot of
42:52
hate and people call you a scammer or a spammer or, you
42:55
know, like you're an idiot, you're part of a Ponzi scheme.
42:58
So as she wrote, we are as a famous saying, goes so early.
43:02
Anyways, in the end and about 12, people signed up and only
43:07
Some of the people actually showed up and they were small
43:10
businesses from the area and some International visitors and
43:13
send. However, several the merchants
43:15
from the market have reached out to request a private sit down.
43:18
So she's going to go over this information with some other
43:21
local Merchants. Anyways, I think this is the
43:25
Crux of the conversation here. She thought about hard long and
43:27
hard about how to introduce Bitcoin in the end.
43:30
She said on talking briefly about Bitcoin as a value
43:33
proposition as opposed to our inflating fiat currency and this
43:36
was a point which expecially resonated with our Eastern
43:39
European. Guess who reported they had seen
43:41
inflation of 25% for food over the last 12 months?
43:44
I think this is also a very, very good learning moment.
43:47
Guys, of trying to explain Bitcoin and positive light of
43:51
Bitcoins attributes in and of itself, instead of just going
43:55
down the idea of like, you know, central banks are coming after
43:58
you and you know, inflation and everything that we do as
44:01
bitcoiners. It's kind of back to this idea.
44:03
I continuously talk about of showing Bitcoin in a positive
44:08
light being a shining example of being a bit Corner.
44:10
How is Bitcoin going to benefit people.
44:12
And so she Holly moved on and discuss the problems that
44:15
merchants and small businesses face, you know, eliminating
44:19
credit card, fees paying MasterCard, a part of the value
44:21
for their for their services and goods.
44:23
Which this is what an average business owner has to deal with
44:27
and secondly and not insignificant to a cash economy.
44:30
Came the need for correct change.
44:32
This is in a farmer's market, open market.
44:35
And so, there is a Problem for, you know, having the right
44:39
amount of coinage for for change that you are selling for your
44:43
products. So personally the possibility of
44:45
hugging the vendors up with the Bitcoin community and the
44:47
Bitcoin Community with people producing Goods of genuine value
44:50
is a key driver and organizing the event of this kind that
44:54
interface will be an important aspect in the future for the
44:56
success of the Bitcoin community and this translate neatly for
44:59
vendors who are Keen to access a new client group and we just
45:02
talked about this guy's like I think one of the most important
45:06
things that Bitcoin is should be doing is trying to set up these
45:10
circular economies providing your services for bitcoiners so
45:13
that Bitcoin is know that. Hey look, I am providing the
45:16
best money to someone that wants to give me this service.
45:20
That someone that is willing to give me this service and we just
45:23
continuously build each other bitcoiners up.
45:26
And so one of the things that she did was she uses construct
45:30
lightning custodial service called coin, o s. .I l I looked
45:34
into it a little bit. It is made by bitcoiners that We
45:36
follow and that that we, you know, that some of our friends
45:40
are friends with on Twitter. So it looks like it's a solid
45:42
solid Bitcoin startup and it's the same idea, easy way to
45:46
accept Bitcoin in your store. It's a point of sales app web
45:51
app for lightning anyways. The reason I bring that up is
45:55
because the way that Holly got these new boo small Merchants to
45:59
get on bitcoin, is she made them create a coin this account.
46:03
Obviously, it's custodial, but people were still Blown Away by
46:05
how easy this was. And how little personal
46:07
information, they were required to divulge to do so.
46:10
No address or date of birth. No proof of Resident excetera.
46:14
It's just create an account. And that's about it.
46:18
And so what she did is she past year old from wall, one wallet
46:20
to her neighbor and they just passed this one Euro round in
46:24
the circle of the people that they were conversating with and
46:28
everyone was able to experience and create paying in lightning
46:32
and using lightning invoices. And for the most part, everyone
46:35
was impressed of how quick and easy e it is transact and it
46:38
seems that the expectation before the event had been the
46:40
explanation of both Bitcoin enlightening would be Technical
46:43
and difficult to understand. But instantly a few small
46:47
business owners committed to accepting Bitcoin then and there
46:50
and I saw this tweet by parman and it's kind of this idea that
46:54
I talked about consistently on the show that everyone for the
46:58
most part has made up their mind about Bitcoin.
46:59
It's too technical, it's too difficult.
47:01
They've heard the headlines. And I really like this tweet
47:04
right here by Parmenides. He's taking a little Of a
47:07
Savage. Take right here guys.
47:08
Caution is not a reason. People decide not to emulate.
47:11
Bitcoin caution is an excuse, the 10.
47:14
Real reasons. It's fear.
47:15
Ignorant. Arrogant denial.
47:16
A, hey, Rick forget rigidity laziness stupidity, jealousy
47:21
procrastination. I've seen them all the ugly side
47:23
of humanity. I'm not going to jump too deep
47:25
on that, but my point is, usually most people are or have
47:29
a certain sense of arrogance in regards to bitcoin.
47:31
They think they know Bitcoin, they think they know everything
47:33
about Bitcoin. And so they just kind of jump on
47:36
These headlines but Bitcoin is easy.
47:38
We say it all the time like Bitcoin is as easy as sending an
47:41
email. And once you get people on the
47:43
Bitcoin standard once you send them money and you show them.
47:46
Look just download this app. You don't have to give any
47:49
information, I'll send you some coin and you go on your way and
47:52
you're like yeah that's final settlement the world is digital
47:54
now but the world is not ready or is not open to bitcoin yet
47:59
and it's up to us to continuously show people what
48:02
Bitcoin does. And so following the workshop,
48:04
there's been quite some interest from nearby Colleges with local
48:07
farmers market. So we are now happily browsing
48:10
locations for the next one. So, I think this is kind of the
48:13
Crux of this information as well as since this Workshop, I've had
48:16
the pleasure of joining an international group of
48:18
bitcoiners all dedicated to promoting Bitcoin adoption
48:20
through education about the lightning payment Network.
48:23
I don't believe much in the predictions for the future as
48:26
life has a way of coming at you from left field.
48:28
But I'd cautiously dare to wager that 2023 will be the year of
48:31
widespread lightning adoption is more and more of us devote our
48:34
time and energy to helping it along.
48:36
If It's your path to success. Anyways, I say all that to say
48:41
that. I also believe that 2023 is
48:43
going to be a year where lightning starts get starts to
48:47
get proliferated out in the Daily World.
48:49
We're seeing, what Jack mahler's is doing.
48:51
I forget what the company is, but we just saw the news this
48:55
this last this month or two weeks ago, about a pilot program
49:00
to get all these point-of-sales to accept lightning and I think
49:05
we're at this point now. If you are, are pushing the idea
49:10
of like, hey man, I like what you're doing, are you willing to
49:13
take Bitcoin for this and you show them how easy Bitcoin
49:16
really is to use. I think this year, we're going
49:19
to see the proliferation of not only the lightning network, but
49:23
of goods and services sold in Bitcoin.
49:25
And as we're seeing, you know, we're seeing governments and
49:29
Banks try to stop Bitcoin. I think it's very important that
49:33
we try to do our best to spread Bitcoin.
49:36
Use Bitcoin to the products and services that we love to see,
49:40
you know? I just became a member of the
49:43
bhishen. If Abby's beef initiative, I
49:45
have beef coming to me, I use my SAT put my money where my mouth
49:50
is and I am, I am sending the best money in the world so that
49:53
I can get good. Nutritious beef, straight to my
49:56
house. Like I think this is the future
49:58
where we've been talking about the circular economy for a long
50:01
time in Bitcoin, but I think now is the time where we have the
50:05
tools. They User experience is never
50:08
been easier and people are open to the idea of taking Bitcoin.
50:11
So, I don't know what, what's this sparked in your mind, but
50:15
maybe you go out there and you create your own little bit coin.
50:18
Meetup for small Merchants to accept Bitcoin.
50:21
Maybe you just use your Bitcoin, to buy yourself, some beef or,
50:24
you know, start using like, bit refill or Bitcoin company to get
50:31
debit cards, and gift cards to your favorite stores.
50:34
I think now is the time where the our economy is about to take
50:37
off and as we know, lightning simply works out there.
50:41
So the shit Corners wreck and Bitcoin just continues to
50:44
innovate. And I am just proud to be a bit
50:47
corner and be on the front line with you guys and use my
50:50
Bitcoin. Put my money where my mouth is
50:51
vote with my wallet and my pocketbook to the products and
50:55
services that I want to see the free market will win.
50:57
The free market is winning and as a Bitcoin is, all we have to
51:00
do is figure out ways. To further the circular economy,
51:04
further the education, Or the the education of the people
51:08
around us and Bitcoin and we're going to win.
51:12
Yes, mr. Robot, it is about time.
51:14
I know you've been telling me for a minute about the beef
51:16
initiative. I'm finally there, it's coming
51:18
in the mail. Yeah, dude, I love you know,
51:23
it's it's inspirational hearing the stories because like,
51:28
sometimes it's very difficult to zoom out and I think that You
51:34
know hearing Bitcoin happening in Portugal.
51:38
Like that is just awesome like it sometimes we kind of lose
51:43
you. No sense of how International
51:45
this phenomenon is. And also another thing I noticed
51:48
Opti is the like the importance of point of sale things.
51:53
You know, like Point of Sales are just so important, right?
51:57
Specifically. If people are still using You
52:01
know, like they're still purchasing the and again it
52:05
comes to the east of ease of use, right?
52:07
The reality isn't here in the US to is that like and I know that
52:10
a lot of people are going to like literally murder me for
52:13
saying this but you know what, I'm going to say it because I
52:16
really do believe this is the case and it's more of a call to
52:19
action rather than a criticism. I think right now is specific in
52:22
the u.s. like it is easier to use Apple pay than to pay with
52:25
lightning. It's just it's just a lot
52:27
easier. Like you literally click to two
52:29
buttons on the side of your Phone dings even has a little
52:32
haptic feedback, makes you feel good, right?
52:34
And then lightning is still difficult to use.
52:37
Like when are we going to get to that point?
52:39
I think things need to get to that point because I think human
52:41
beings are just creatures of convenience.
52:44
Anyways, shuts out to the Bitcoin company because I use
52:47
them through Apple pay. So when win boom boom.
52:52
Oh I love the Bitcoin company. Yeah, good company.
52:55
Anyways it is a good company because a bit quicker me.
52:57
Anyways everybody let's get some in review.
52:59
Let's do it boomerang. The daily meme review brought to
53:05
you by Kaboom racks. I get this question all the
53:07
time. Nico.
53:08
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53:10
The answer is Kaboom racks. It's the best place to buy
53:13
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Kaboom racks. Gibbeh gibbeh.
53:34
Alright. Alright.
53:35
Alright, okay. Alright guys.
53:37
So, as, as we showed or hold on, sorry, this is the mean review.
53:43
So drop your mean review score in the chat so we can cover it
53:46
live. As we tell you guys,
53:48
consistently on the show, tweet to the bullets, memes are the
53:50
artillery. We are in an information War.
53:53
It is upon us as individuals, to spread that information to get
53:56
more people to understand what is actually happening in the
53:58
world. Old and get them on the Bitcoin
54:01
standard and as Nico covered in the news, the, the UK is
54:05
endorsing, their brick coin, CBC and saying that it's going to be
54:08
out in 20 30 or what have you or 2025, whatever.
54:12
Anyways, I saw this mean by coin B this morning on the same
54:15
thread and even know we were going to cover that on today's
54:17
show but obviously just in sync the whole time coin B app just
54:21
goes eat their IAM shakes hands with British government shakes
54:24
hands with the world economic forum and we got, I honestly I'm
54:28
so bad. These, I forget who this villain
54:31
is, and what movie this is, but it's a Disney animated to me.
54:33
It's the minions is a mini all the Minions, see, Nico knows.
54:37
Anyways, he points at his wife, Borden's as create your own
54:40
currency and then don't let people saving it and then
54:44
effectively advertising for Bitcoin.
54:46
And then he looks at the last board.
54:47
Wait, what? Hyper Bitcoin ization?
54:49
This is the way, this is the way I did.
54:52
We sync up on the memes I guess. L bro, I wish I had this meme
54:56
during the new segment. Make my law job a lot easier.
54:59
Well, we've got it. I would be it would have saved
55:02
like 50 words. Yeah, exactly.
55:04
That's see the genius of memes. Listen, guys.
55:07
I've said it in the past and this means a perfect example of
55:10
the. I think that government and
55:12
banks are Central Bankers in general.
55:15
They're some of the best marketers for Bitcoin and as
55:18
much as they continuously overstep and try to control
55:23
everything that you do, they're going to just Barbra Streisand
55:26
Bitcoin. And it's upon us again as Was to
55:29
be there with that information and tell our friends and family
55:33
just opt out into Bitcoin and take Bitcoin into self custody
55:36
and you don't have to deal with all this madness.
55:38
Anyway, shout out to my boy, rope AKA atropine and he goes
55:42
fix the Mind fix the world and on the me because the biggest
55:47
asset in the world is your mindset.
55:49
And you can see this person with a granny Cloud on them, this
55:52
person with some intellects and some books on his head.
55:55
This one was sport. This one lady you worried about
55:59
Out her baby is this old man. Worried.
56:01
I'm guessing sexy time and I hear the know.
56:05
That's an issue. That's a shoe.
56:07
Is it? A bootlicker.
56:08
It looks like a lady's. He'll anyways.
56:11
And then the Bitcoin, ER, with a bright orange flower in his
56:15
mind, he has fixed the mind and he will fix the world.
56:20
And this is something I continuously harp on, which is
56:22
why I wanted to put this under opium, or put this meme duped by
56:26
rhodium, is because if you fix the mine, you will.
56:29
The world, guys. Get your mindset right and
56:31
everything else will fall into place and bitcoiners have the
56:34
right mindset and this is what I continuously try to do in the
56:37
culture is just plant these seeds that we are winning,
56:40
because we have the right mental, attitudes around the
56:44
world and reality. Anyways, this next one is by at
56:47
second is and there's a Bitcoin in meeting a random person.
56:52
It goes. Hi, my name is Eric and the big
56:54
Corner goes on. Nice to meet you.
56:55
Eric and then he grabs the name, Eric and he Masha's it into his
57:00
brain. But the lightning network is
57:01
taking over all of his thoughts and he gotta say, Evan, want to
57:04
hear about the lightning Network.
57:08
Dude, this is me. This is so me.
57:10
I'm so bad with names and all I want to talk about is Bitcoin
57:14
and fixing your mind so we can fix the world.
57:16
Anyways, the next meme is by the BTC therapist because it's BTC
57:20
or nothing for me and we got a guy throwing out some trash and
57:24
it goes, stay humble Stacks at and it's got the Bitcoin logo
57:27
and you can see he's got laser eyes and he's throwing away his
57:30
shit cone. He's throwing away zgo, because
57:32
he's staying humble and he's stacking SATs and realizing that
57:35
we are in a monetary Revolution and all it will take is for us
57:41
to spread that Bitcoin signal. This next meme is on the same
57:44
vein shouts out to Augusta Becca and she goes hashtag Bitcoin or
57:48
tyranny and we got this super awesome warrior with a I don't
57:54
know what's on his head. Is it like a bear skin bear?
57:59
Something and he's battling a dragon and killing.
58:02
The dragon in the dragon is the Fiat Central bank's.
58:05
The great Leviathan that we Are destroying in real-time.
58:09
Disintermediating is probably the better word and this next
58:12
one, shouts out to our Borough Hulk Hogan.
58:15
He's not on Twitter anymore but I saw this in our telegram group
58:19
simply Bitcoin what's it t? G dot me slash simply Bitcoin on
58:24
Telegram and I really like this. This is man I'm so bad with
58:29
names. This is the Keanu Reeves surfing
58:31
movie, I forget what it is. Anyways you guys, you still
58:35
don't get Bitcoin, do you? It's a state of mind.
58:37
And a place where you lose yourself and you find yourself.
58:41
This is the way guys, this is the message.
58:46
You will come to bitcoin. You would think, you know,
58:49
everything about life and a humble.
58:52
Yeah, well, humble you. It will change your views on the
58:54
world. It would change your views on
58:56
everything you're doing, you will audit your behavior and you
58:59
will try to stack as many sets as possible.
59:01
Providing value to your fellow man and saving a Bitcoin.
59:05
So Drop Your Meme review, score in the chat and we will cover it
59:08
today, Nico. I think you're gonna really like
59:12
this one. It is a button that came off one
59:15
of my flannels, I need to sell it back on.
59:19
I'm going to, I'm going to give it just tape that I use to tape
59:26
up a towel against the wall because that is what I'm using
59:29
until that is what I'm using to sound treat.
59:32
My room until the panel's come the sound, the sound panels,
59:36
let's go. It helped it helped, it
59:39
definitely helped. But the audio is Quite there but
59:42
bear with us it will be. Anyways, guys before we start
59:45
reading some of the scores, this is simply Bitcoin live.
59:49
So Drop Your Meme score in the live chat, we will get to it,
59:52
check out check out our sponsor representative T d.com opting.
59:55
I wear the merch every single day.
59:56
I'm wearing the simply Bitcoin camo hoodie.
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It's almost. So that last time I checked the,
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the it was everything was out of stock unless it was like the
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large size there. We still have T-shirts.
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Anyways I've di let's let's put oh yeah.
1:00:22
Oh yeah it was Point Break. Shouts out to Rave elevator.
1:00:24
How could I forget Point Break amazing.
1:00:27
All right let's pull up some of the scores.
1:00:30
Let's let's do. Let's do five scores Opti.
1:00:34
I give the means one vandalized ATM in Nigeria.
1:00:38
Next one, we got Hammer saw a Memes a bullish, pumpkin pumpkin
1:00:43
Powell the p man. Van I give the memes
1:00:48
seven-point-eight billion Fiat brains, not equal to one Bitcoin
1:00:52
brain. Very, very nice.
1:00:54
Niall is field score an invitation to be initiative
1:00:58
Awards. Be shove the year nominees
1:01:00
Christie Orsa. Janet Yellen Janet Yellen.
1:01:12
These total lack of popular culture.
1:01:14
Dude, I love popular culture. I just forget it all.
1:01:17
It's, it's useless information. Next one, next one we got we got
1:01:23
Phil. See I give the memes.
1:01:24
One, Roger, ver, Rage Quit very very nice.
1:01:27
Next one mr. Robot, mr.
1:01:29
Robot gives the memes? One beef box from K&C cattle,
1:01:33
because the grocery store, is she going ball next one?
1:01:36
Next one, let's try to get through them off to running a
1:01:38
little late. Bitcoin for Canadians.
1:01:40
I give the memes. Escape from The Matrix by
1:01:42
staying humble and stack and SATs.
1:01:44
All right, next one up. T, we got Igor, I give the memes
1:01:48
mun while it's blockchains span very, very nice.
1:01:51
Next one. Bye extend most, give the memes
1:01:53
opt. He's evil twin nilus fields for
1:01:55
always, killing it, on the chat there.
1:01:59
All right, and next what? We got the buzzer.
1:02:03
All right guys. Also, check out the written
1:02:05
version of this show, simply Bitcoin, unfiltered.
1:02:08
Shout out to her awesome teams of writers were dropping off.
1:02:11
We got a macro guy also nowadays, so check out Simply
1:02:14
Bitcoin unfiltered it's awesome. Www, Simply bitcoind News and
1:02:18
also check out some of the Bitcoins telegram groups.
1:02:20
Absolutely free. Shout-out Darth coin he's
1:02:22
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1:02:24
Me slash simply Bitcoin TV and every Sunday by the way there's
1:02:28
a there's a telegram version of Twitter spaces.
1:02:31
Oh, definitely want to join the party on telegram.
1:02:34
Anyways, guys, also check out the audio version of the show,
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1:03:05
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1:03:14
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