Latest / Simply Bitcoin / Governments Terrified of Bitcoin Adoption, Scramble to Copy it! | EP 460

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Governments Terrified of Bitcoin Adoption, Scramble to Copy it! | EP 460 · Simply Bitcoin

0:00
I don't believe sufficient ever have a good money against before
0:04
we take something out of the names of governments, welcome
0:08
back. Everyone were simply Bitcoin.
0:10
We break down the news. The daily fail meme review,
0:13
software releases, Hardware releases and the websites by
0:17
plebs. We are diving into the numbers.
0:20
Let's do it. Nico brought to you by Bitcoin.
0:24
2022 is gonna be the largest Bitcoin conference ever and the
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history of the world. The biggest His Bitcoin
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conference celebration would be awesome hosted in sunny sunny.
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than a month. April, 6th and 9th get your
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tickets quickly. Speaker list, includes present
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nine buchelli, Michael sealers safe, a Dean out of Back.
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Jack mahler's, Senator Cynthia, lummis dr.
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Jordan Pederson, and many, many, many more, Phil and I are going
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to be on a panel as well. It's going to be absolutely
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awesome. You can take advantage of a link
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down below to get 10% off your tickets to bitcoin 2022.
1:00
At the time of this recording, the block height is seven
1:01
hundred twenty nine thousand four hundred fifty nine the
1:04
Bitcoin price 40 7655 chain rewrite day 734 total public
1:11
lightning capacity. Nico that is a new all-time high
1:13
3580 6.37 Moscow. Time 2098 blocks of The
1:20
Happening 110,000 541. And the samurai Whirlpool,
1:25
unspent capacity, Samurai Whirlpool is a coin Joiner
1:28
collaborative. Spencer, Is it is not a mixer,
1:31
the unspent capacity in that pool is 4450. 1.24 the numbers
1:38
and numbers. Let numbers looking good, we
1:41
gotta keep saying that that that's Samurai Whirlpool, you
1:46
know, because the government doesn't like that very much.
1:49
Anyways, we got a very, very awesome question.
1:54
It was from, its it was from Instagram.
1:56
I'm gonna pop it up so you guys could read along.
2:00
Is by it was from Chelsea, Leah Peterson.
2:03
And she says her second question she says, do you ever get
2:06
concerned about 51%, about the 51% attack?
2:10
Presumably as cash? Dissolves government?
2:12
Will launch an attack on bitcoin?
2:14
What are your thoughts on this? Anyways, I could protect myself.
2:17
Cold wallet is a must, but anything else really value your
2:20
opinions? Well, thank you Chelsea.
2:22
I really appreciate that. And shout out to Megan and Isa
2:26
who handle our Instagram and Tick-Tock for Bringing it to us.
2:31
So a lot to unpack there. Okay?
2:34
So first of all, let's define what a 51% attack is.
2:38
So 51% attack is essentially, if 51 if more than 50% of the
2:44
Network's mining hash rate or computer, power is taken over by
2:49
a malicious attacker. Now here's the thing, right?
2:53
And I want to talk about the incentives of Bitcoin, right?
2:57
So when you look at Bitcoin right, you have the Out.
3:00
You have the miners, you have the users, and they're all
3:03
operating in sick and they're not doing that out of the
3:06
kindness of their heart, they're doing that pursuing their own
3:09
incentives. So this is something that I want
3:11
you guys to understand miners don't play by the rules because
3:16
it because they feel like doing so they play by the rules
3:19
because it's more profitable to do.
3:21
So. So let's say hypothetically,
3:24
there was an attacker that had enough of the hash rate right to
3:28
51% attack. Bitcoin.
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That is a lot of mining power. Meaning, it is more profitable
3:34
for those miners to mine Bitcoin, then it would be to
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attack Bitcoin, okay, so that's the first thing, the second
3:42
thing. Let's break down the mining
3:44
pool, shall we, write? Because, I think a lot of people
3:47
misunderstand this, right? So, you have a lot of the mining
3:49
pools that are broken down and a lot of people think, right?
3:52
When you look at this at first, you think, oh wow, there's
3:55
really not that many miners. No.
3:57
Will you choose a mining pool? So, Because you want steady
4:01
income, right? Because at the end of the day
4:03
mining is like guessing, right? And if you have one minor the
4:06
probability that you're going to correct, guess correctly is
4:10
actually very low. So what do you do?
4:12
You pull your resource together with other miners?
4:15
So the probability is more stable, right?
4:17
And the bigger, the pool, the high, the the more stability
4:20
that you get in your profitability.
4:22
So when you look at this, it doesn't mean that by Nance pool,
4:27
or Aunt, pool, or F2, pool, or pooling or luck.
4:29
Luxor have that much hash rate. What it just means is that
4:34
miners are choosing individual miners are choosing to mine with
4:37
them. So they have steady income.
4:39
Now, another thing just because the let's say malicious actor,
4:45
the government, the state, right 51% attack Bitcoin, that only
4:50
means right that they can censor transactions until you know,
4:55
another block is found by the by the part that by the, by the By
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the hash rate that is following a longer playing playing fair, I
5:03
guess. And on top of that, that it only
5:07
means they could double spend the coins, right?
5:11
They could, they could only double spend the coins of which
5:14
they already possess, right? That does.
5:16
It mean if Bitcoin gets 51% attack it?
5:20
Does it mean, right? That they could just go and
5:22
steal other people's coins, right?
5:25
And another thing they could only really do that double spend
5:28
once or twice. Ice because there's a lot of
5:31
people watching Bitcoin. Right.
5:33
So a lot of people are going to wake wake up and then the last
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thing, right? Is just goes back to the
5:39
incentives of Bitcoin. I'm going to pull up the Clark,
5:42
Moody dashboard, right? Kind of steal, a little bit of
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Phil's Thunder, is the annual mining Revenue, which is sixteen
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Point 1 billion dollars, right? That's a hell of an incentive,
5:53
right? So a government would have to
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actively want to set money on fire.
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Right. And also another thing is how
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how our people how is the government going to take over
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that amount of hash rate without it being found out by other
6:09
people, right? Because at the end of the day,
6:11
they would have to actually sees those machines, run those
6:15
machines themselves, you know, make another chain start playing
6:19
unfair. A lot of people are going to
6:20
notice before it happens. Now here's the thing.
6:24
Bitcoin could have been 51% attacked, I would say in the
6:28
beginning of Bitcoins history, but at the, in the beginning of
6:31
Bitcoins history, really didn't make sense because of the price
6:34
right now, days Bitcoins hash rate, has reached such a size
6:39
that in my humble opinion. I think that theoretically it is
6:44
possible but it's economically unfeasible at this point and the
6:48
more energy you technology keeps doing its thing and the more
6:52
that remaining You keeps increasing the more, incentivize
6:57
the, the people that are mine, Bitcoin are to protect Bitcoin
7:01
because think about it, if a minor let's say a malicious
7:04
minor wanted to attack Bitcoin, right?
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They would be hurting themselves because all of that, Bitcoin,
7:10
all that money that they invested in Bitcoin, mining
7:13
infrastructure, they would literally be setting on fire.
7:16
So it's not that a government could 51% attack Bitcoin and
7:20
then automatically steal your coins.
7:22
No it Would be a reputational attack and it would happen one
7:26
or two times before the network would wake up?
7:29
And on top of that you want to back trap.
7:31
A lot of people would notice right that this was happening
7:35
beforehand. One of the things that that that
7:38
word me about China was that you know China before the mining
7:42
band had such a big percentage of the hash rate theoretically
7:47
you could right have a totalitarian country that wanted
7:51
to just stomp out Bitcoin and they just started In Miners.
7:54
And they could just started, you know, taking people's machines
7:57
and then they would, you know, work to 51% attack Bitcoin.
8:00
You could have said that but in a country, like the United
8:02
States, a country like Canada or more Western countries.
8:05
Now that the, hash Ray isn't centered in China, could I see
8:08
them doing that? No.
8:11
Could I see the government mining mining Bitcoin to hurt
8:15
Bitcoins reputation? I don't know.
8:18
I, I think that Bitcoins hash rate has reached such a size
8:22
that I just don't see it feasible.
8:25
I think it was, it was possible many, many years ago governments
8:29
had their opportunity, but they chose to ignore Bitcoin instead
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and want it to go away. And at that time, not that many
8:36
people were using Bitcoin and the price of Bitcoin wasn't that
8:39
high, right? So the longer they wait the
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harder it's gonna be to you know to do that attack.
8:45
Is it theoretically possible everything.
8:47
See, erratically possible. But Is it feasible?
8:49
Is it economically feasible? I just don't think so the
8:52
incentives. Of Bitcoin are too great, The
8:55
incentives of playing by the rules and Bitcoin are just way
8:59
too profitable, right? It's expensive to cheat and
9:02
Bitcoin. So I hope that answers your
9:04
question. There's a lot to unpack, but I
9:07
don't know Phil. How did I do?
9:10
I was gonna say, man, I think you killed it, you know, like
9:12
that, you covered you covered, every single point there 100,
9:15
you know, 100% at the end, as you're getting towards the end
9:18
of my, okay. I'm like, I could mention the
9:19
fact that the China ban was, you know, I mean that's stole 50% of
9:24
the hash rate, right? That just made 50 percent of the
9:26
hash rate disappear. So we did have an example of a
9:28
nation state actor. Taking a major shot at Bitcoin,
9:32
a swing and a miss. But the one piece that I do want
9:35
to mention right? Is okay the price, okay?
9:39
Because that really at the end of the day, a lot of people,
9:41
look let's be honest, right? People want to know like what
9:43
happens to the, you know, what happens, to the Bitcoin price
9:46
and you know, we don't like to speculate.
9:48
But the one thing that we can say because we did see it happen
9:51
is that yes the price. Pereira Lee does Take a Tumble
9:56
because of it, okay? So that's not something to not
9:59
be expected, right? As long as the world as long as
10:02
the, the world is valuing in Fiat currencies.
10:06
And people are not valuing and BTC.
10:08
They're going to be comparing it to the Fiat value and during,
10:11
you know, God forbid, we end up in one of those types of
10:13
situations, we would end up seeing a temporary, you know,
10:18
like a temporary price dump before it comes back but at the
10:21
end of the day, we're all just stackers and we're all Here for
10:23
the bigger picture and we all want Bitcoin, you know, to
10:26
actually be the world Reserve currency.
10:28
So I don't, you know, I mean, look, it's just a bump in the
10:29
road, but again, that that's what it would be.
10:32
You know, if it happened, it would be a, it would be a bump
10:35
in the road and it wouldn't be a profitable one.
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Remember, because all those miners quickly, they're,
10:40
they're, they're mining out of the pursuit of profit, right?
10:43
The government would do this one or two times, just to do a
10:47
reputational attack. And it's a very, very expensive
10:51
reputational attack, right? So how Long.
10:53
Could they keep that up, right? So again and how and and how,
10:58
you know, how up in arms, would people be like, it's like,
11:01
again, it was a lot easier to do when, you know, in the
11:05
beginning. Not that many people do this but
11:07
Satoshi mind Bitcoin by himself for, you know, for the, I think
11:13
it was a couple months or a couple weeks, right?
11:16
Of the beginning of Bitcoins birth.
11:18
Right? It was it was him by himself so
11:21
he could have done it. But again, this goes Goes back
11:23
to the value of Bitcoin back then Bitcoin was worth nothing.
11:27
So, what would be the economic benefit of doing that attack,
11:31
right? So as Bitcoin continues to go up
11:33
in price, the incentives, grow stronger to Mine by the rules
11:39
because mining by the rules. Makes you more money, right?
11:42
Does that make sense, right? So it's a more incentivized to
11:46
be a good actor. Yes.
11:47
You're more incentivized to be a good actor than to try to cheat
11:50
Bitcoin. Because cheating Bitcoin is
11:52
actually very Expensive, unlike the Fiat system, right?
11:56
This is what makes Bitcoin unique, right?
11:57
It's what makes Bitcoin special so josiya, I hope we answered
12:02
your question Phil, I don't know.
12:04
I there's so much to unpack right.
12:06
But I think you did amazing know.
12:08
I honestly think you did amazing, you touched on all the
12:10
different points that was fantastic.
12:11
It was so much to unpack, but anyways.
12:14
Awesome question. You guys have more questions.
12:16
Can drop it in the comments. You can message us on Instagram
12:18
and Tick-Tock and Isa and and all right, so before moving Von
12:23
Phil had a beautiful point that he said, before, when we before
12:28
we started recording. So Phil, why don't you say?
12:31
I'm gonna remind you said, you know how much it government
12:33
would have to Devout so let you finish it.
12:35
Okay. Anyways so look there's no,
12:37
there's no incentive there's no incentive for the government to
12:42
actually attack Bitcoin because they would have to devalue the
12:46
money so much in order to gain 51% of the network.
12:52
And then not only that They would have to continue, they
12:55
would have to continue to run and compete against the rest of
12:58
the network. Okay.
12:59
In order to do this, do you know how expensive this would be?
13:03
Yeah, that what else? And if the government managed to
13:06
get that amount of computational power, it would be so much more
13:10
profitable just to mine The Fucking Coin, right?
13:14
Sell it on the open market. That's the beauty of it.
13:16
That's the beauty of it, right? Not worth it for them to scam.
13:20
I know at that, and that's why it works, right?
13:22
It's not worth it. A scam.
13:23
It's worth it just to play by the rules.
13:25
That's the beauty of it but anyways Phil it's time for the
13:29
daily fail. Brought to you by Amber app.
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Fair spreads smart automation. The link is down below smart
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ways, that sets. All right?
13:48
We were tagged by Ico Sonata in this.
13:50
We're just going to take a look at this, really quick.
13:53
A good laugh before we dive into an absolute catastrophe of a
13:58
fail. Anyways, here we go.
14:00
So it's a tweet by at Charlie below.
14:03
Powell. If we knew that buying five
14:06
trillion and bonds cutting rates, 20 cheerleading a six
14:09
trillion dollar increase in national debt and increasing the
14:12
money supply by 40% would lead to higher inflation.
14:16
Sure, we would have hiked rates earlier but who could have
14:19
predicted such a thing knee pain.
14:21
Quarters Bitcoin. Has baby dude have predicted
14:25
that. You know, I look I'm kind of
14:28
split and I want you guys to let us know.
14:31
Okay because look so you know if you guys have been with us for a
14:36
while you guys have seen our journey, right?
14:38
We went from we are crazy conspiracist like look.
14:45
The media was saying there is no inflation coming and two bozos
14:51
on YouTuber like they're printing.
14:53
A lot of money, it's obvious, inflation was coming, it can't
14:57
be that, they don't know. So there's two things there,
15:00
sniffing the Mana and modern monetary Theory so hard or
15:06
they're being disingenuous. I don't know what it is.
15:09
I don't know what it is. Maybe it's a little bit of both.
15:12
I have no idea, but these people are total freaking clouds.
15:18
That system sucks off the fuck out and buy yourself some
15:21
Bitcoin and you don't have to deal.
15:23
With that stuff. Like it's like it's like you see
15:26
a burning ship and it's slowly sinking.
15:29
And the Titanic song is playing in the background, dude, like
15:35
and bitcoiners are on the life roads, you know, except her
15:38
orange, not white, right? And they're just like, yeah, You
15:41
know? But it's dude.
15:43
It's like I don't know what to say.
15:45
Like, I don't know. What do you think, Phil, do you
15:47
think they're being disingenuous or do you think they're just
15:49
sniffing their own farts that hard?
15:52
I you know what? I honestly think that they think
15:55
that they're doing the best of a job they can with with the
16:00
system that they have and of course the best of the job that
16:03
they can that aligns obviously with their incentives, right?
16:08
So that's the thing. So They are they really
16:12
disingenuous look if they actually know that the monetary
16:16
system is broken then? Yes, it's disingenuous.
16:19
But if they don't then they're just ignorant.
16:23
They're ignorant and they're causing a lot of people pain and
16:25
suffering. Like that's really what's
16:26
happening, right? Like they're screwing, all of us
16:28
and they're screwing themselves, they just don't know it yet.
16:31
That's the really sad part, right?
16:33
It's incentive, they're incentivized on the moment, but
16:35
at the end of the day, they're just screwing themselves, okay?
16:40
We are going to make some it on. What's that?
16:42
We're going to make Daddy. What's the big daddy feel?
16:45
Here we go. Here we go.
16:46
Okay, so look, I Gotta Give got to give credits creditors do,
16:49
right? We were tagged by at Asia
16:52
Ragnar, ghost of Ragnar danis, cold dot Infinity.
16:56
Oh, I checked him. Yeah, man.
16:59
So check this out. We're gonna do all state and
17:02
government money on today. It's get ready.
17:04
Government. Money episode.
17:06
All right, this is gonna be brutal.
17:07
So the grubels Tweet great account.
17:10
We get out of here. A theorem insiders aren't
17:13
Spooks. That's ridiculous.
17:16
So, how to prepare for CBD? See these guys.
17:22
They actually put this thing behind a registration so you
17:25
actually have to register for this crap.
17:27
Okay. I'm just letting you know that
17:28
yes I did in fact, register and I did in fact read this entire
17:34
so this is tired terrifying piece of trash so okay, so first
17:39
of all, who is it? Consensus, like, Okay.
17:42
So let's let's let's back up, right?
17:45
Okay. So consensus was founded by Joe
17:49
Lubin. Okay, Joe Lubin is the
17:51
co-founder of aetherium with vitalic 0.
17:56
Is so connected to evil shit. Again, Nico.
18:01
You're about to get your about to get through.
18:03
This was awful. Like I actually have to stop
18:05
three times while I was reading this.
18:07
Let's let's dive into this paper.
18:08
Okay. So this is Sis offering their
18:12
white paper, right? The central banks and the future
18:16
of digital money, okay? So, okay, guys, let's dive into
18:21
this paper. This is an ecohabit, right?
18:25
This is literally how it starts, okay?
18:28
As the world economic Forum meets in Davos, for the 50th
18:31
time, it does so against the backdrop of a sea of change in
18:35
the mechanics of money, keep in mind, right?
18:38
We are being sold a story. Tori.
18:41
And I want you to really pay attention to the to the details
18:44
of this story, okay? Because they're painting a
18:47
picture Nico, over 70% of, the central banks are looking at
18:51
issuing a digital currency on a blockchain.
18:54
I think that's kind of ironic because aren't all the central
18:56
banks answering to one main Central Bank.
18:59
I mean, let's be honest. Like there's anyways, if I
19:02
think, I think Jack mahler's, put the fear of God into them
19:05
and I, they're just like, how do we State, you know, Augustus,
19:08
Carson, you know, the big Banker.
19:10
He's like ha. We state knows.
19:11
He has a Mexican accent. It's like we need to stay red.
19:13
I don't know. I don't know.
19:14
I don't know how to do my and I apologize.
19:17
So guy. No, you don't have to.
19:18
But guys while you read this, no one's going to be able to help
19:22
but have the filter of Bitcoin in the back of their minds,
19:25
okay, as I go through this, this trash, okay, so I do apologize
19:28
for the poison. Here we go.
19:30
Cbc's could also simplify and reduce the cost of cross-border
19:34
remittances while forming the basis for more efficient, more
19:37
secure interbank payment networks.
19:39
They see the Hortense of embracing a significant role in
19:42
bringing about this change. That's right guys, so we're not
19:45
really using Bitcoin right now. It's not really working.
19:48
El Salvador didn't really, just make it legal tender, none of
19:52
that stuff just happened. There's no Ln strike all of
19:55
these cheap eat. None of this exists.
19:58
They are going to bring in cdc's Nico, they are going to fix this
20:01
remittance problem, my friends, it's crazy.
20:04
How at what lengths people will go to in order to remain in
20:08
power, it blows My mind. Oh, just wait.
20:13
It gets to to get so much worse. Okay, keep in mind right Bitcoin
20:18
white paper, Nine Pages. This is just, this is just the
20:21
frickin white paper about CBD. Sees because remember I've said
20:24
this a thousand times. They're selling you the sizzle,
20:26
okay? It'll tell you the steak,
20:28
they're selling you the sizzle so you gotta get excited about
20:31
this Nico. They don't eat steak bro.
20:33
Sorry they sell you the sizzle of a bugs, okay?
20:37
But you gotta get excited about this.
20:39
I want you to be excited right now.
20:40
Now, here we go. Okay, the issuance of central
20:43
bank money at the wholesale and Retail level offers a number of
20:46
potential advantages for central banks, by providing a viable
20:50
large-scale payments system for tokenized assets, markets
20:55
offering a risk-free widely accessible alternative to
20:59
privately, issued stable coins. And look at this like Facebook's
21:05
Libra, which never fucking existed never existed.
21:09
Okay. Not going to mention Bitcoin
21:11
here. They're not going to mention it
21:13
here. Not yet, which serve a similar
21:16
purpose but could expose users to credit and or liquidity risk.
21:20
That's right. Facebook's Libre was going to
21:22
expose users to credit risk. See bdcs, government's here to
21:27
the Rescue, all right? Widespread use of CDC.
21:30
Instead of private payment tokens could also help central
21:33
banks. Retain sovereignty over monetary
21:37
policy in tokenized. Assets markets, and important
21:42
consideration. Or the only consideration you
21:46
heard that, right? They have to maintain their
21:49
sovereignty over the monetary policy.
21:52
The central bank's anyways, other benefits include
21:56
potential. New regulatory, monitoring and
21:58
enforcement tools. Cheaper, cross-border
22:00
remittances. There it is again, right?
22:02
That's how that's how they get you in with the, with the it's
22:04
going to be cheap for you to send money.
22:06
Just just let us make you slaves improvements to the interbank
22:10
payments, infrastructure and Innovation and Retail markets.
22:13
CBC could also be a superior replacement to physical cash,
22:18
what helping alleviate, some of the risks and costs, Seated with
22:23
banknotes, depending on how it is designed a CBC could support
22:27
Financial inclusion by, providing a wide scale asset to
22:33
risk-free reserves. Fuck, I don't even know what to
22:36
say to that. Like honestly, this is just
22:39
nonsense. It is disgusting to me.
22:42
So what lakes? These people will go to remain
22:46
in power. All of this is essentially
22:50
saying they're ignoring That Bitcoin exists in the reason
22:53
they're ignoring like Bitcoin exist because Bitcoin sees,
22:56
everyone is equal, you don't get a leg up, you don't get the
22:59
ability to central plant control, people's lives control,
23:03
the monetary policy and in their heads, they cannot have that.
23:07
This is, this is disgusting. They have to spin all of this up
23:12
because they will not give up the power.
23:15
It is, Despicable disgusting. I can't there's so many words.
23:19
Just wait, this gets so much juicier.
23:21
It's a no, it's okay. It's great.
23:22
The commentaries fantastic because you'll see is you'll
23:25
just keep getting sicker. Okay, here we go.
23:27
We proposed that central banks issue CBD.
23:29
See on a large scale. Private permissioned etherium
23:34
based Network in which Central Bank appointed intermediaries
23:39
act as nodes and service providers.
23:42
So wait, we heard that we were right, we were right.
23:44
We have Riley. We were called we called it on
23:47
this show. We said, shit coins, were gonna
23:49
alliance with governments and Order.
23:52
How to survive and be Bitcoin. That is literally what they are
23:55
do. This is disgusting, bro.
23:58
This is etherium. This is etherium.
24:01
Oh, man, Nico as the issue of the digital currency central
24:06
banks would have direct control of the money supply no shit.
24:10
While users of the currency would not be exposed to the
24:14
risks of private currencies. That's what I'm always.
24:18
So Affair using that term again private currencies So you want
24:22
to get what's happening here, right?
24:24
Yes. Of course, you're making a deal
24:25
with the devil. They're making a deal with the
24:27
devil. So that etherium survives, you
24:29
know, with the help of the state.
24:30
Dude, it is disgusting, man. This is disgusting.
24:34
This is this is metallic for you like man, and we believe we
24:40
believe that aetherium is one of the best Technologies available
24:43
today to meet the technical requirements for such a CDC.
24:47
But there are other possible solutions as well.
24:50
They don't mention by the way. Hey, any of those solutions they
24:54
they don't as tokenized asset markets are created.
24:57
There's going to be a need for tokenized payments for the
24:59
immediate settlement of transactions.
25:01
CBC could be the key ingredient in introducing a viable
25:07
broad-based blockchain based payment system.
25:09
That could enable large scale. Decentralized Clearinghouse, an
25:14
asset register and in turn, allow digital assets to reach
25:16
their potential. In other words, Nico, we know
25:19
about Bitcoin but we can make a shit coin.
25:22
Joke like that. Literally, like they're
25:23
completely ignoring Bitcoin. If central banks do not issue
25:26
their own digital currency, the markets will move to private
25:31
payment tokens. This is the signal guys.
25:33
This is another part of the signal, okay?
25:35
But as Nico has pointed out private payment tokens, that
25:38
that's bullshit. That's nonsense Bitcoins of
25:40
public Ledger that that's complete garbage that they're
25:42
making a could be issued, okay, I ever anyone.
25:44
It could be anyone. Anyone could mine?
25:47
Bitcoin? The fact they are the private
25:50
token because they issue money. Any privately.
25:53
So don't allow them because what they're doing is something
25:56
called framing their framing. The narrative don't allow them
26:00
to do that. What their bullsh?
26:02
They're gaslighting you and they're bullshitting you in
26:05
order to remain in power themselves.
26:08
Absolutely, if central banks do not have their own digital
26:11
currency as a basis for payments in these markets than they risk
26:14
losing, some of their ability to carry out their monetary policy
26:17
and Regulatory mandates. That's right.
26:20
They can't, they can't keep you. Tax leave.
26:23
They actually have to provide value in order to get your money
26:25
right now. They could just take it and
26:27
under this system they'll be able to take it even faster.
26:29
CDC would mitigate this risk by giving Central bank's direct
26:32
influence over all or a portion of the money supply in digital
26:36
Market. CDC could also give Central
26:38
bank's new tools for expanding and reducing the supply of
26:43
money, right? So, you hear what I'm saying?
26:45
The control lots of control, it could be useful in more
26:51
efficient. Ins and am L enforcement.
26:54
Contexts also known as censorship, Bingo and now, here
26:58
we go. Right?
26:59
The cheaper cross-border remittances.
27:02
We're always fans of that, right?
27:03
They, this is how they get to you.
27:04
They lie to you about Bitcoins already doing this.
27:07
You can already transfer money across the world for, almost
27:09
nothing. So, so why why do you need?
27:12
Why do you need to be surveilled by them to do this?
27:14
Anyways, if we imagine a world where both the original, the
27:17
origin currency and the destination currency are based
27:19
on CBC. It is quite easy to imagine
27:21
money. Transfer systems that are almost
27:23
entirely automated. Why do we have to imagine this?
27:27
There's already Bitcoin but they ignore it many Financial actors
27:31
can then connect to these Ledger's and compete to offer
27:34
the best price and service, the customers driving costs down and
27:38
reducing delays. That sounds like added
27:42
bottlenecks and the whole bunch of red tape and administration
27:45
but I digress. Next, they're going to improve
27:47
the settlement of interbank payments, right?
27:50
Got that going on because There's no way that Banks can't
27:53
just used Bitcoin to transfer funds between each other
27:56
instead. What they do is they go on about
27:58
Swift and the Swift system and how slow and it is right now and
28:01
how they could improve it. It honestly Nico.
28:04
This thing is so disgusting. It's unbelievable.
28:06
Okay, here we go. What kind of a CB DC central
28:10
banks will need to make a fundamental decision about who
28:13
will have access to the CBD? See, exclusionary system here, I
28:16
come who's gonna have access to it, huh?
28:20
Distribution using? CDC is an opportunity to
28:23
increase the number of intermediaries with access to
28:25
central bank money to Distributing CBD.
28:29
See directly to the public Nico. What were we talking about
28:31
yesterday? Remember what happens to all
28:33
those? People were gonna have the
28:33
bank's go. We'll just give it right to you
28:37
and we'll take it right from you to lack of structured
28:39
governance, could hamper decision.
28:41
Making both on the technical and design level making.
28:43
It hard for the platform to to evolve, right?
28:49
So of course it needs governance.
28:51
We Can never forget about the sound governance, right?
28:54
We see it right up here. They love it.
28:56
They love to have the Voting Rights.
28:58
It's fantastic for example, around liability.
29:01
If things go wrong, there would therefore be a need for a
29:04
controlled and regulated infrastructure with clear
29:06
governance structures in terms of design development.
29:08
Maintenance funding upgrades and the like alright so there you
29:13
go. You got the social governance.
29:15
Now we dive into the Privacy, right?
29:16
What kind of privacy are they going to?
29:18
Are they going to come up with, for this?
29:19
It will technically be possible to design CBD.
29:22
He's with various mixes of anonymity, versus traceability
29:25
of transaction, central banks will have to decide on the
29:28
appropriate balance between privacy and transparency one.
29:32
Promising, option is to provide High privacy for small
29:34
transactions, by retail users, similar to cash today while
29:38
programming in high traceability for larger transactions, whether
29:42
by individuals or corporations, this would allow for the
29:46
implementation of kyc, a male procedures on those
29:48
transactions. It's very disingenuous you you
29:51
can, you can do Hi number two transactions as well in cash.
29:55
They all all they've done is criminalize that type of
29:57
behavior and they've demonized that type of behavior but
30:00
there's there's actually nothing wrong with it.
30:03
Okay. This is just nonsense, psychotic
30:06
crap. All right boom, let's bring in
30:09
the, let's bring in the lawyers. Legally sound broad-based.
30:12
CBC platform will need to be legally sound as well.
30:17
That means ensuring that the CBC enjoys protections under
30:20
existing legislation. Including payments law, contract
30:23
law, settlement finality, Provisions, insolvency law, and
30:26
conflicts of law regimes in their local jurisdictions.
30:29
It's amazing that Bitcoin just does this.
30:32
It's amazing that it just does transaction finality.
30:35
All on its own doesn't need any lawyers anyways CDC, May well,
30:40
require adjustments to regulations to take into
30:42
account, its new properties. There are other new legal
30:44
questions as well. For example, as opposed to
30:46
physical cash, it would be possible to restrict the usage
30:49
of CDC to only allow It's use by citizens or residents of a
30:54
certain country. So again, we talked about the
30:58
censorship that's twice. They mentioned.
31:00
At least they mention it. Nico at least they're at least
31:02
they're talking about it. Well, it makes them hard, dude.
31:05
I don't know what else to say they like letting you know that
31:08
they can stop you. Anytime you want you can't feed
31:11
your family. Go go pound sand bud.
31:13
Onboarding and distribution of the CBD seat intermediate,
31:15
intermediaries they choose and would therefore maintain
31:18
oversight and control allowing them to act as Ends of the
31:23
ecosystem without having to provide or manage the services
31:27
themselves or provide any value whatsoever.
31:30
That's right. It's good stuff.
31:32
Using a permission blockchain. Central banks would retain
31:35
control. Yes, they want.
31:39
This is very good point. You can't take that away from
31:41
them. It would allow for standardized
31:43
identifiers and identity mechanisms as well as Mutual
31:48
eyes control mechanisms, for example, for kyc AML, which
31:52
could simplify and reduce the cost of compliance for all
31:54
stakeholders, while likely improving their effectiveness.
31:58
So so check this out. We already know we're wasting
32:01
billions of dollars. Nico, this could cost us less.
32:04
I'm very, I'm very upset, dude. I'm like this is anyways.
32:08
Continue, look, the system would be easy and it would be easy and
32:12
secure for end-users, okay? Because we stopped them from
32:14
transacting when we don't want them to transact.
32:17
All right, so look, here we go. The technical requirements for
32:20
the proposed architecture, not going to die.
32:22
And all of them. The first one on the list is all
32:23
that matters. Full control of the money supply
32:26
by central banks, it's all centralized crap.
32:29
It's all the same thing. The exact same thing you have
32:32
right now and they're going to make it worth less and less and
32:34
less and continue to take away your value.
32:37
This is this is not, this is not new privacy of consumer data and
32:43
the transactions in our view, this is I like this part central
32:46
banks should, it should not have a comprehensive view on
32:49
individual wallets and Associated IDs.
32:52
It's right. So they just want to collect
32:53
your information Nico, but they shouldn't have a comprehensive
32:55
view of that information, okay? When kyc a Mel requirements
33:01
would kick in. So don't worry, okay.
33:03
Don't worry. Just because KY C ml kicks in
33:07
just because they're able to tie all your transactions.
33:09
Their IDs, don't you worry, they're not going to use it
33:11
against you. Okay, they're good.
33:12
People compliance with kyc, a melon regulated regulations
33:16
asset recovery, right? The system should allow for the
33:18
reversing of transactions under legally acceptable conditions,
33:22
right? Because you can't be trusted for
33:24
personal responsibility. We've offset our personal
33:26
responsibility for so many years were completely.
33:29
Competent at this point. And of course, little ESG.
33:33
Sprinkled in there, acceptable. Environmental impact Niko.
33:36
It's got to be acceptable acceptable, energy levels
33:39
acceptable, energy usage levels. So as not to have a negative
33:43
impact on the environment Nico, why did they choose aetherium?
33:47
It's definitely it's decentralized.
33:48
Even though we know how many you know the percentage of nodes
33:51
that run on Amazon web services today.
33:54
Public etherium is the second largest blockchain platform by
33:58
market cap. Elevation.
33:59
It's interesting that they don't choose to build on the largest
34:02
blockchain platform. The only real, they can't
34:05
control that one, of course they can't.
34:06
Then of course not going to build on that.
34:08
Indeed, etherium is by nature. Well, suited to the creation of
34:12
tokens central banks could easily design and Implement
34:15
tokens. That could be widely circulated
34:18
yet. Those issuance and destruction
34:20
remain firmly under their control etherium offers, robust
34:25
permission and capabilities, that would allow central banks
34:27
to easily. Is and deauthorize network,
34:32
participant's, allowing them to maintain control over, who is on
34:36
the network? And what activities?
34:38
They are authorized to carry out.
34:42
This is not. This is completely insane.
34:45
Okay? Anyways, let's finish it off
34:49
with the grand scheme, right? The big picture and user on the
34:54
left and user on the right. Let's just call them Slave 1 and
34:57
slave to, and in the middle. L is the Central Bank.
35:01
There you go. So what do they really
35:03
proposing? The proposing.
35:05
Absolutely nothing. They're proposing to take your
35:07
slavery online. That's it.
35:10
And they're proposing to put some new controls into it but
35:12
also Nico, we need to trust them.
35:16
We need to trust them, Nico. I ate it disgusts me.
35:24
Right? That we have an opportunity as a
35:27
species to free Mankind from the tyranny of Central Bank there.
35:33
Is it a group of elite group of people that think they know
35:36
what's best for everybody else? They dictate the money supply,
35:41
you know, based on their own whims, right?
35:44
They impoverish the lower class and middle class that don't
35:48
have. The means to put their wealth in
35:50
equities and written and real estate.
35:54
And the etherium were maybe not all of them but some, the
35:59
co-founder of aetherium is willing to do a deal with the
36:03
devil. If it means enriching
36:05
themselves. It is utterly disgusting.
36:10
The world does not need that system anymore.
36:13
It operates just fine on an open network one that you don't have
36:18
to ask permission from anybody rules without rulers.
36:23
It is clear that human beings cannot handle that much power.
36:28
No one deserves that much power and Bitcoin has figured out how
36:32
to build a money in network without anybody in powered,
36:36
everyone's equal and what he's doing.
36:39
He's spitting. On that and he's saying, let's
36:42
go back to the centrally. Controlled money that has fucked
36:46
an impoverished millions of people for the benefit of the
36:50
few. Why don't we continue using that
36:52
system? So that I can get my Lambo, it
36:55
is utterly disgusting. And in a, in a beautiful
37:00
metaphor. If you guys still don't believe
37:02
me and the beginning. The first sentence, it speaks
37:06
about I'm here in front of the world economic forum and boy.
37:09
Do I have Have an idea for you. This is disgusting.
37:14
This is why we're so ramp. Like so aggressive when it comes
37:19
to anybody censoring another person because this is how it
37:24
will always end up a group of elite group of people and
37:29
dictating who is entitled to use money and who is not entitled to
37:33
use money. It is disgusting and shame on
37:36
whatever his name is. It is it is I do day.
37:40
It made me feel uncomfortable the entire time that you're
37:43
reading it because he's been awful.
37:45
It is a central planners wet dream.
37:48
Seeing all of that, all those capabilities, that's what
37:50
they're able to do today, right? And now we have Bitcoin that a
37:54
protects you from the it allows you to take self custody control
38:01
power, over your life sovereignty.
38:05
And they dry it drives them. Absolutely and say the fact that
38:09
the world economic Forum supports aetherium and hates
38:12
Bitcoin, tells you everything you need to know, they are on
38:15
the wrong side of history and like I've always been saying
38:18
you're going to have to pick and choose eventually it's a little
38:22
bit off. You skated right now between a
38:24
future of slavery, Central Bank, digital currencies and freedom
38:28
Bitcoin. You're going to have to pick one
38:31
day the day will come. This is what's waiting for You
38:35
on the other side, that is what you're doing.
38:37
If you pick the state's money that is what you're signing up
38:40
for, it's disgusting. But anyways, Phil, it's time for
38:44
it. The daily meme review, brought
38:46
to you by sit it out 21 it's the best Bitcoin culture of zeenat
38:50
stories articles Comics by actual bitcoiners.
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This is the artwork for volume 10.
38:55
It just came out is beautiful. Volume 11 actually drop to.
38:59
I just ordered in the mail and they're scarce, there's only a
39:02
thousand physical copies made per volume.
39:05
So be quick, get your prints of Citadel 21 today before it runs
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out and we have a meme by the famous Bitcoin ater when Bitcoin
39:14
pumps still hot. Oh no coin or no corner corner.
39:16
Corner can't illionaire liquidated.
39:18
No Corner. Short wreck shit, coin should
39:20
Corner shake when food paid fought.
39:21
I bought the dip. Many faces of Bitcoin, dude.
39:27
Absolutely hilarious. Very, very, very, very good.
39:31
Moving on to next one. Now, car emerges at the Fiat
39:34
system broke in 71. The majority just hasn't figured
39:38
out yet. Bitcoin is your Lifeboat go and
39:40
get your seat. That's pretty dope.
39:42
You know, it's a good it's a good girl.
39:44
Bitcoin like, Boy Color of the Bitcoin logo is a coincidence.
39:47
Yeah, yeah, yeah. Yeah exactly through a spy rally
39:52
built different before. Market after bear Market, man.
39:55
You guys, you guys bring fire memes.
39:57
So, shout out to you, is by toxic at there's no second best.
40:02
Wait, it's always been a pretty mind central banks.
40:04
That coin always has been shout out to you, brother.
40:07
Next one's truth. Now might be a good time for you
40:11
to buy plebs. That's my secret.
40:13
My cap. I'm always buying.
40:15
Ha ha. Ha ha.
40:17
Love it, man. All right.
40:18
Moving on. Oh sorry.
40:19
I reviewed this one. Alright, last but not least is
40:22
for anyone. Doesn't get this as Is a Will
40:25
Smith slapping Chris Rock. We don't know if it was staged
40:27
or not but if and Marilee apparently it made a lot of
40:30
people watch the Oscars, it recovered the ratings from an
40:34
already dying show for some awesome memes.
40:37
Phil, I forgot I was so upset during that fail that I forgot
40:43
to get a score so why don't you score it while I look for a
40:46
score, oh wait, you know what? I am in the same situation as
40:50
you sew and on top of that, as I've said a million times.
40:53
For, I've got nothing. So I am going with this.
40:57
I think I may have even given this before.
40:59
I'm not even sure. This is my light up my light up
41:02
blue USB cable. That's right.
41:06
It's annoying. It looks, wow.
41:09
That's a good score. Anyways.
41:11
So for that, for those memes, I'm going to give this awesome
41:14
score when I give it a hollow point, that was in my Coca-Cola
41:20
bottle. So on, they're all right.
41:25
Coca-Cola Powell full of small points.
41:27
But anyways, guys, we want to know if you agree with our
41:29
score, you disagree, if you're confused by the rating system,
41:33
it's a meme. That's the whole point.
41:35
But, anyways, we want to know if you agree.
41:37
We already said that, you could comment down below.
41:39
You can let us know, right? The means yourself, of course,
41:42
make sure to subscribe to us on alternative video platforms.
41:45
If you saw the fail, you obviously know why we do.
41:48
Make fun of the world economic Forum like Rumble.com and our
41:51
personal favorite Bitcoin tv.com and of course, Make sure to join
41:55
our telegram group and you could link us some dank dank dank
41:59
Bitcoin memes to review. So we can review them on the me
42:02
review because the Bitcoin review we need deck.
42:03
Bitcoin means to review but anyways Phil it's time for the
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42:37
Phil covered. You know the theory mm attempt
42:40
to try to convince regulators and all of that you know to use
42:43
aetherium to do a central bank digital currency but governments
42:47
are starting to realize as well. That holy shit the Central Bank.
42:51
Digital currency isn't people aren't really buying it because
42:54
there's a concern. For privacy.
42:56
So this is another attempt right to try to funnel garbage product
43:02
down, people's throats that is inferior to bitcoin because they
43:06
don't want to give up control. Anyways, e-cash Bill proposes
43:11
digital currency that replicates cash bypasses.
43:13
The fed the electronic currency and secure Hardware acts
43:17
introduced today in the United States House of Representatives.
43:19
Could Herald a new Direction in government-sponsored digital
43:22
currencies. How about On government
43:25
currency. How about that?
43:27
How about that? How about a currency, that's
43:29
actually issued by the people and not the government.
43:32
Here's the thing, government currency will always have
43:35
inflation, that is how they pay for the shit.
43:40
Bitcoin is a threat to that. That's why they're freaking out
43:43
because the hidden tax of inflation is no longer available
43:48
for them with with something like Bitcoin.
43:50
If enough of the Predator population decides to opt out
43:54
and day, don't know what to do. Anyway.
43:57
So legislation calls for the US Secretary of Treasury to develop
44:00
and pilot an electronic version of the US dollar that is easy to
44:03
use for the economically marginalized.
44:06
Or technically technically challenged, it would also
44:09
Maximize consumer protection data privacy, okay?
44:14
So the same people that passed the bank, secrecy act, the
44:17
Patriot Act, 2008. All of that are also telling
44:23
you. We are concerned about
44:25
maximizing consumer protection and data privacy.
44:29
Why are they telling you that? Because people are not choosing
44:32
to use government money. That is why they're telling you
44:35
that interestingly, e-cash, as it's called, would be issued by
44:39
the US Treasury Department and not the Federal Reserve board,
44:42
which means it would technically not be a central bank.
44:45
Digital currency, nor would it be built on a Block Chain of
44:47
require the internet to operate it.
44:49
Is designed to replicate the Privacy.
44:51
Respecting features of physical cash such as coins.
44:54
So why don't you just use cash? Why don't you just use cash?
44:58
Anyways, here and look if you guys want to know how nefarious
45:02
this is, this is the website that they put up.
45:05
Now, check this out. This this all, suspiciously all
45:10
of this media press releases got released on the same day by
45:14
decrypt. Crypto briefing, the blind spot.
45:19
Investor Place wired, investor Place, new money review, coin
45:25
desk coin desk. Money on the left, the blind
45:29
spot, the block coin, Telegraph, the register New York Times all
45:34
on the same day, so it was a press release.
45:36
They paid fucking the propaganda arm, which we've always said
45:40
they were to release this announcement all on the same day
45:44
because you can't tell me that. It's a Incidents that all these
45:47
journalists wrote about this and release the article on the same
45:50
day. It's just fucking clown, World
45:53
raw. Don't know what to say, dude,
45:55
it's clown World. Anyways, this check out more
45:57
about this fucking Frankenstein. What does e-cash do?
46:02
So, I read. So a little bit about it.
46:05
What is e-cash? E-cash Define Z cash as a
46:08
currency instrument. That is legal tender bear.
46:10
Instrument, inoperable. Replicate the innominate of the
46:14
anonymity. And Privacy, respecting features
46:17
of physical cash, promote equity, and Justice prioritize,
46:21
universal access and usability, Bitcoin already does all of
46:25
that. Anyways, Phil no, please Nico,
46:27
go back to the replicate the anonymity of privacy, respecting
46:30
features of physical cash and just continue to read that line
46:33
to the greatest extent, reasonably and practically
46:36
possible. So it's just like physical cash,
46:39
except it's not and you're still monitored a little bit.
46:43
What is e cash, and e-cash devices.
46:46
Is any piece of secured, heart word issued, and authorized by
46:49
the government for the purpose of receiving, holding and
46:51
transferring any cash balances in contrast to Ledger based
46:55
systems, which prevent double spending by verifying unspent,
46:58
balances against a common record of all previous transactions.
47:01
Each cast devices, verify funds, locally via a dedicated or
47:05
trusted Computing, environment located on the device itself.
47:09
Here's the thing. They still haven't told you how
47:13
they're going to do this. Bit so Satoshi figured out how
47:18
to not make a copy of something by having a distributed Ledger,
47:24
right? And proof of work.
47:28
How do you not make a copy of something on a physical device?
47:31
If it's not connected to the internet, they don't tell you
47:35
anyways. And and look they love the China
47:39
model baby introduced in China in 2021 as part of its digital
47:43
you on roll out when you're copying the the Chinese
47:47
Communist party. It's usually not a good thing.
47:50
Anyways, does e-cash involve blockchain to distribute.
47:53
No. In contrast to most crypto
47:54
currencies like Bitcoin at Theory.
47:56
He cashes a true Bearer instrument, consequently EKG,
48:00
cash transactions, do not involve their requirements
48:02
settlement via a blockchain or distribute letter, so it's a
48:05
database. It's a dude, it's ridiculous.
48:08
Now, this is the clown World Part.
48:10
Phil what? Distinguishes, eat cash from
48:12
other forms of digital. Right?
48:15
Cryptocurrencies unit of account own issue, private sector retail
48:21
oriented director. Yes Ledger hardware-based Ledger
48:24
Anonymous offline. Peer-to-peer no stable coins.
48:30
You ask private sector the retailer.
48:32
Yes, let so here's the thing guys.
48:35
Private sector bullshit bullshit, the pink coin is a
48:41
public Ledger. Anyone could mine Bitcoin One
48:44
could download a Bitcoin wallet Bitcoin doesn't care what your
48:47
idea is, what religion you are from what country you from this
48:51
will care. So all of this is literally the
48:54
exact opposite. This is the definition of
48:57
gaslighting. This is it right here.
49:00
And you know why they do this control?
49:03
It's all about control, y, uz cash, over other forms of
49:08
digital money payment. He catches well-suited to
49:10
individuals who lack access to traditional Banking and payment
49:13
services. Bitcoin value privacy and wish
49:16
to avoid surveillance and data mining.
49:18
Bitcoin are concerned about third-party censorship or
49:21
discrimination Bitcoin, lack, reliable internet or digital
49:25
Network can big city Bitcoin. It works there too, are low
49:29
income and cannot afford High transaction withdrawal in
49:32
exchange fees. Bitcoin.
49:35
Lightning Network Ash. If they're creating something
49:42
that has already been solved for power, but it's not just me
49:46
saying this right let's check out what Nick Carter has to say.
49:50
I love it when members of Congress pretend to be
49:52
entrepreneurs, in this case, there re they've reinvented
49:55
cash, literally. All these properties are
49:58
satisfied by physical cash. The why reinvent cash which
50:02
works perfectly well? Well, it's because cash isn't
50:05
directly controlled by the government and doesn't come with
50:07
built-in transactional cops. Not about technology or consumer
50:11
protection, it's about control. It always is the crowd that
50:14
thinks in denial of economic history that only the government
50:17
can create cash, like instruments is so, so rockhold
50:21
by the success of stable coins. So posting this joint and this
50:24
is exactly why they're doing it. They're seeing the success of
50:27
stable coins, they're seeing the success of Bitcoin and they
50:31
don't know what to do. They don't know what to do.
50:34
So they're scrambling with the Central Bank, digital currencies
50:37
with this Frankenstein, fucking nightmare called All dika mind.
50:41
You, they don't tell you how this is going to work.
50:46
Nothing, it's just nothing. This is it.
50:49
This is he cash. That website was still longer
50:54
than the goddamn Bitcoin white paper.
50:56
It was still fucking longer, and I'm gonna tie this up with what
51:02
you did Phil and coincidentally we pick something similar today.
51:06
Look at to what extent, governments will go with Phil's
51:10
presentation with what Phil I would.
51:12
I just covered. Look at to look at the mental
51:15
fuckery and the lengths to what governments will go to not.
51:20
Give up power. That's exactly.
51:22
That isn't an incentive to off the fuck out.
51:25
Take some cutter. Take self custody.
51:28
I don't know what it is. If you take self custody, it's
51:32
game over. It's done.
51:34
You're now within the Bitcoin ecosystem, the Bitcoin circular
51:37
economy. You could crunch transact with
51:40
anybody worldwide instantaneously, very cheap and
51:45
that's it. Look at all the shit that
51:47
they've spun up to try to convince you that they're Still
51:51
relevant, they are not. That is direct proof.
51:56
And in terms of the Wasabi thing, If we just told you all
52:01
this shit, right? And look, what side was Sabe
52:04
chooses to be on for money, Kind of fucked up Bill.
52:12
Wow, I was not aware about e-cash Nico.
52:16
And now I'm super excited to get a hardware peer-to-peer, like,
52:22
like cash but not exactly like cash replacement that.
52:27
Now, sensors me when I could just use cash.
52:29
So definitely excited about that.
52:32
Holy crap. Dude, between that consensus
52:34
paper and that e-cash paper, they don't know what the hell
52:38
is. Hang on anymore, right?
52:39
Like they are totally scrambling.
52:40
They completely realize that holy shit like we're becoming
52:44
completely irrelevant. And the only thing that they
52:46
have right now is that there's enough people that are still
52:49
asleep? Yes this system continues to run
52:52
but every day new people continue to wake up, dude.
52:56
And that's it. They have coercion, they have
52:58
violence and they have done enough, people are still in the
53:01
Matrix, they don't, they've never, they're not used to
53:05
competition. And more importantly, they're
53:07
not used to competition. That they can't make go away.
53:10
So then trying to compete. It's just a tool.
53:12
Are like, who the fuck came up with that shit?
53:17
It's like they saw China. Chinese companies like yeah,
53:20
each cat. Whoo.
53:21
It's like, yo, no. But it's like, we want to
53:24
maintain the same properties of cash to the best of our
53:28
abilities. So that it's words, it's not
53:30
cash, but it's not cash. That's like, they're not
53:32
doubling down on cash. No, no, no.
53:35
It has to be e-cash like, yo. Come on now, like it dude, guys
53:42
at this point, if you made it this far into the video and
53:45
you're still not convinced why you should buy Bitcoin an
53:49
opt-out I don't know what to tell you.
53:52
I don't know what to tell you and I'm telling you guys all of
53:54
the shit coins. They're a distraction from the
53:57
revolution. The peaceful Revolution the
53:59
separation of money and state and we are watching them in the
54:03
bargaining phase. Right now they're in, they're in
54:06
denial right there in the bargaining phase.
54:08
Don't want to accept it and it's funny because the faster they
54:12
accepted the more they benefit, but they're drunk on Power and
54:17
they do not want to give up control.
54:19
You see it. You see it in the wording.
54:21
They become more to talat Aryan and they try to like sugar cut
54:25
you, it's like fuck that Bitcoin thing has privacy.
54:30
We care about privacy to you could trust us like it's just
54:35
it's it's a fucking clown world. It's gonna get its gonna heat
54:39
up. We drop the news from Europe
54:42
yesterday how they're trying to ban self, they're trying to ban
54:45
you from keeping numbers. Yes, that is correct.
54:49
So, yes, this is going to continue to escalate but their
54:52
attempts make it all worthwhile because it is fucking hilarious
54:55
to see it from this side. But anyways, feel there was an
54:58
open source off released today. I want to tell everybody about
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it. Software releases brought to you
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by Cipher safe. Check them out.
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Cipher safe dot IO guys, we've all got a store, our seed store,
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your seed in the safest place possible store it in the Cipher
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wheel or the all new Cipher grid.
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Both come with tempers assistant wire, but the grid comes with a
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punch tool. All right, we've got get Albie
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version 1.7 2.0. That was released its Down Below
55:25
in the show notes, guys, don't forget to check us out on our
55:30
Audio. Only platforms Apple.
55:32
Podcasts Spotify, and anchor. And if you want to stream of
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some Seth's Fountain dot f m. All right.
55:38
Thank you, Phil. All right, guys, that was the
55:40
show before we go. I want to give a very special
55:41
shout-out to our awesome. Hoodie clothing sponsor rap.
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Hard.com represent LTD Phil. And I try to wear different
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You know, this is this is top top shelf stuff.
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They're also dropping dropping the the David is also a Bitcoin
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or he's gonna drop a bit coin only collection soon.
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We're going to show it off of course, and you can take
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advantage of the link down below to get 10% off anything off
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represent LTD.com guys, that was a show.
56:13
If you enjoyed the show, you know what to do, smash them.
56:18
And of course if you want to continue here in the bitcoin
56:20
news, from the Polly Platt perspective, and the
56:22
catastrophic fans from the garbage trying to cope with
56:27
Bitcoin, definitely subscribe to Simply Bitcoin.
56:30
With and we'll see you tomorrow guys for a bridge.
56:33
CB D CZ cash. What?
56:36
Just stopped out. It's time for Bitcoin.