Latest / Simply Bitcoin / Why YOU Are Still Early to Bitcoin | EP 549

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Why YOU Are Still Early to Bitcoin | EP 549 · Simply Bitcoin

0:14
Yeah, welcome to another episode of Simply Bitcoin live.
0:19
I'm your host Nico. This is your one-stop-shop, your
0:22
number one source for the peaceful Bitcoin Revolution.
0:27
Anyways, today guys, we have an awesome show So for you guys and
0:31
of course, I want to give a shout-out to my awesome co-host.
0:35
How you doing Opti? What's up, Nico?
0:37
I am doing well. My hair doesn't look as nice as
0:40
I thought it would be guys, but I keep messing it up for you
0:42
guys. Anyways, we are there's gonna be
0:45
a good show, let's just get into this Nico.
0:47
Let's get the people in here. Yeah dude.
0:49
It's going to be a good show. Today, we're going to talk about
0:51
something very interesting because I hear this all the time
0:54
and I wanted to cover it today. I'm too late to bitcoin, right?
0:58
You look back on bitcoin. Like holy crap.
1:01
You know this thing was Pennies on the dollar.
1:04
This thing was a dollar. This thing was $100, maybe I'm
1:07
too late. What's going on?
1:09
So we're going to talk about that today.
1:11
And we're also going to talk about a little bit about because
1:15
I think it's very hard to zoom out.
1:16
I think it's very hard to get a perspective of where you are,
1:21
sometimes. Right Bitcoin has been
1:24
functioning like a stable coin literally for the past like,
1:28
three weeks. It's basically had 23k, right?
1:33
And think it's making everyone nervous was like oh is it going
1:35
to go down below and you can wear up a little bit weird?
1:37
Yeah. For right.
1:37
We're at 24, right because of the inflation data, we're going
1:40
to talk about that today. So anyways, we got a hell of a
1:43
show lined up for you guys. It's going to be very special,
1:46
anyways, Opti, it's time. I think it's time to start the
1:49
show. Here we go.
1:53
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At the time of this recording the Bitcoin price is at 24,000
2:31
$50 SATs / dollars at 4,150. 8 block height, 740 1863,
2:39
reachable Bitcoin nodes. 15,000 want that number to keep going
2:43
up, blocks to The Happening. 90 1137 having estimate April, 20
2:49
at 20 24, total lightning network capacity.
2:53
Acity 1268 Bitcoin, the Fiat, caca Valley of that is around
2:59
Thirty point, five million USD hash rate.
3:02
Last, 90 days, 208, EXA hashes, annual mining Revenue.
3:07
Fourteen point two billion dollars realize money monetary
3:12
inflation. Whoo, I added something new.
3:14
That's right, that's right. What is the inflation rate of
3:17
Bitcoin? There it tells you right there.
3:19
One point seven, nine percent that inflation rate will be cut
3:22
in half. During the happening in Africa,
3:25
compare that to the inflation rate of Fiat US dollar right
3:28
now, is that 8.5% or 8.7%? And Bitcoins is guaranteed to
3:35
get cut in half every four years.
3:37
You guys decide who wins this race.
3:39
Anyways, all coins issued August 2nd 2137 also, they come up with
3:47
some new technologies or something.
3:49
We'll all most likely be dead by that date so yeah, holy crap,
3:55
you know, Bitcoin is more predictable than anything that
4:00
has come before it anyways. Check this out and told you guys
4:04
you're too if you're too late to bitcoin and sometimes it's
4:08
useful to zoom out, right? You're like look and I got my
4:11
stack, holy crap, you know, this is nothing, like, look at all
4:15
those. Oh, jeez logos people with all
4:17
that Bitcoin. This is why it's good to go over
4:20
some of this stuff and I actually have a video for you
4:22
guys as well. Anyways, check it out Pete.
4:25
Russo here are the details bought 9000 Bitcoin on one of
4:29
the exchanges over time transfer them to My client running on a
4:33
Linux Live CD, distro of deviant, backed up the wallet
4:37
file to a flashdrive sent one Bitcoin to myself.
4:39
Close client before any confirmations shutdown system
4:43
loaded system backup. Copied old wallet.dat file after
4:48
some confirmations appeared. The balance was one Bitcoin.
4:52
There was a transaction saying I spent 8900 Bitcoin to an
4:56
address. I did not recognize I read on
4:58
the Forum threads that people have had problems like this.
5:02
But it seemed only when they were trying to double spend by
5:05
sending coins to another address and reloading old wallet file.
5:09
Is there anything I could do? I do have the address that the
5:12
8900 were supposedly sent to but the old wallet file is gone for
5:17
good, ladies and gentlemen, that is worth 200 million dollars
5:23
today. That simple mistake.
5:25
And again at that time that was August 10th 2020.
5:29
I mean, sorry 2010. That 9,000 Bitcoin was it worth
5:34
a lot, right? So again when in doubt, zoom out
5:37
anyways, moving on. This is Bitcoin.
5:40
Obituaries on 99 Bitcoins.com. The Bitcoin has died 461 times,
5:45
right? Let's check.
5:47
Take a look at this is by the underground Economist the name
5:52
of the article says, why Bitcoin can't be a currency.
5:56
It was a twenty three cents when they wrote that article.
6:01
And on this is documenting Bitcoin no one thought Bitcoin
6:04
would work. That is why it works.
6:06
Bitcoin is a Grassroots Network that was able to grow slowly and
6:09
carefully over time. It took over a decade to
6:12
engineer the secure system. We know today and take a look at
6:16
these Traders, right? This was August 10 2011, I will
6:20
be overjoyed if it at least goes to $20 again, I think the price
6:25
will tend up. I've read that right guys, as
6:28
opposed from August, 2011, literally saying, Thing.
6:31
I will be overjoyed if Bitcoin goes at least 220 dollars, I
6:35
just read you the price. We're at 24,000 at the time of
6:40
recording. I think the price will tend to
6:43
Trend up as the market has not yet priced.
6:45
In this event, the Free Press will bring in new people and
6:48
cash causing more of a demand. I'm definitely not selling my
6:52
mind coins at the moment because of the potential of the event,
6:56
this is very, very little downside to holding versus
6:59
selling right at this moment, I'm Pete to sell above 15 and
7:04
the next couple of weekends that ladies and gentlemen is why you
7:09
shouldn't trade. Now I'm going to play this video
7:11
which is really interesting. It was posted by shout out to
7:14
you brother. Shire hottel says footage of
7:17
when the PC was declared dead, right?
7:20
So not only did they declare Bitcoin, Dad, they also declared
7:25
the personal computer debt, right?
7:27
So again, moments like these and tweets, like these and
7:30
screenshots. Like these give you a
7:32
perspective, it gives you like holy crap.
7:35
I just need a Jato. I just need a Bonk.
7:37
Bonk er down and hotle. Anyways let's check out the
7:42
video. Pewter, sales classroom,
7:46
computer sales, seems to seem to have peaked and now I've hit a
7:48
flat period and some say they're going to do anything.
7:51
So. Oh yes, they've hit a flat
7:52
period would what should that tell us?
7:54
I really don't believe that they've had a flat period.
7:56
The the computer Market is has been and is rising at about
7:59
thirty percent per year. And nowhere, has there been a
8:02
flat period is not rising at nearly the rate?
8:04
It was going? Yes, it is.
8:06
We disagree. We're looking at two to we're
8:07
looking at two different. We're looking at two different
8:09
sets of numbers. My question to you is is the
8:11
home computer destined to become the CB of the Use the hula hoop
8:15
of the. I'm glad you brought this
8:16
analogy because, like, I see B, it won't be very useful in its
8:20
present form, which is just talking to yourself, and to your
8:22
computer. But like I said, be when it
8:24
starts talking to other computers throughout the whole
8:27
country when we have several million machines interconnected
8:30
and people can talk to each other and can exchange views and
8:34
can do can transact can buy and sell information can buy and
8:37
sell informational Services labor.
8:39
I think it's going to be a very interesting period or will have
8:42
an information Marketplace. It's a new way of life.
8:45
I cracked disagree. I think I get him angry.
8:48
Yeah, I think I think that that the home computer is going to
8:53
suffer the same Fate by and large as they do home movie
8:56
camera. People had the idea and still
9:00
have the idea that if they, if I have a very expensive, a very
9:02
good home movie camera, then they can make very good movies.
9:05
The probably a good movie maker first, that's why the trouble
9:08
is. You have to have an idea, okay?
9:10
And people forget that similarly to write good and interesting
9:12
programs on the computer one has to have a Dear ideas are hard to
9:16
come by Professor Eisenberg. Um, Professor ditches of thank
9:18
you. So what is the moral of the
9:21
story? One of the stories.
9:27
If you don't learn from the past or distance, to repeat it,
9:30
right? That guy wasn't talked about
9:32
Bitcoin that guy was talking about bit computers, right?
9:37
Peter Schiff has a very similar sentiment, right?
9:43
Roubini had a very similar sentiment as well, right?
9:47
And all the other, big coin detractors that we know so well
9:50
on Twitter, but over time would it becomes very apparent?
9:54
Is that all these people are just catastrophically wrong.
10:00
So yeah man, when in doubt zoom out when I know that the
10:04
day-to-day might seem overbearing to a lot of you but
10:10
this is just the beginning. Bitcoins only been around for 13
10:15
years, 13, 12, 13, 14 years. And the reason I showed you that
10:23
stack that stand in the beginning, by Clark Moody
10:25
dashboard is look, hospit coins still isn't even going to be
10:29
mine. The block subsidy does still
10:31
doesn't run out until 2132. I think Humanity doesn't
10:37
understand and fully appreciate what the consequences of some of
10:42
a currency that has absolute Be like Bitcoin.
10:46
But so far for its existence, you were really I read you those
10:51
those posts. I went from ten dollars and went
10:54
from under a dollar to 24,000 dollars.
10:58
Even if Bitcoin does 25% of that, that is still life
11:04
changing that is a life-changing opportunity in front of you.
11:08
All you have to do is stack earn mine and hottel.
11:13
Don't try to trade, stay humble, and That's anyways Abdi.
11:17
What's up brother? Well I really love that video
11:21
Mikko because Don't computers are so dead right now.
11:26
Like I imagine what we'd be doing right now you know,
11:30
because we have a home computer. It's so dead.
11:34
Imagine that but just to your point like personally I still
11:39
feel like I'm so early to bitcoin it, blows my mind.
11:42
Not only is the Bitcoin market cap out like what under half a
11:46
trillion dollars right now. But furthermore like if you go
11:49
out in public and you you talk to people about Bitcoin usually
11:54
their Impression is like Bitcoin, like what is bitcoin?
11:57
That's a scam or like Bitcoins not real.
11:59
Anything like, what are you talking about?
12:01
So, we'll just look around you guys, go talk to people in the
12:04
streets and try to get them to talk about Bitcoin and they're
12:07
going to look at you crazy. And if this isn't a sign of us
12:10
being early to bitcoin, I don't know what else is.
12:12
Because as far as we all know, Bitcoin is the best way to store
12:18
your value, to save your wealth to make sure that you're here,
12:22
you know, you're Wealth isn't debased by Fiat currencies and,
12:27
and even further more, like, people don't even know what Fiat
12:31
means like, is this not more proof that we are early to this
12:34
stuff, guys? If it blows my mind that people
12:37
still believe that we are late to this because you know,
12:40
Bitcoins at 20K or whatever and it's like guys, zoom out.
12:44
We are so early. It's incredible.
12:46
And furthermore I absolutely love the Bitcoin obituaries
12:49
because it makes our point for us is like, look at all these
12:53
people, quote, on quote, Authorities telling you that
12:56
Bitcoin is dead and Bitcoin is just continuing to go up in
13:00
price. And then furthermore, I saw I
13:04
did a quote tweet on on the simply Bitcoin Twitter account
13:07
yesterday and it was a quote by King pleb himself.
13:11
Mr. Hot oil and it said five billion people on the internet
13:15
and only 21 million Bitcoins. And you're still bearish guys.
13:19
Like that was my tweet. You're still bearish on bitcoin
13:23
when like It's an incredibly small number of people that are
13:28
that are holding Bitcoin that are saving Bitcoin that are out
13:30
there like you being toxic Bitcoin maximalist spreading the
13:33
sound. When he gospel.
13:35
We're so early. It's absolutely insane.
13:37
I think it's just human psychology where you're so close
13:40
to this that you can't zoom out and you just, you, you lose the
13:44
forest for the trees. But guys, we're so early and I
13:48
know people make fun of us because we're always saying we
13:51
are early, but it's very obvious that we are Like Nico said,
13:55
we're 13 years into this monetary experiment and if
13:58
Bitcoin does what it does, if the monetary policy stays
14:01
strong, we still have 100 years ago before.
14:03
There's the last Bitcoin to be fully distributed.
14:07
Like we're so early and I fundamentally believe like
14:10
Bitcoins going to be around for thousands of years.
14:12
So what 13 years? Thousands like we're so early.
14:15
It's incredible dude, we are. We're absolutely so early.
14:19
I agree with that. And one last thing, righto
14:23
shutout, mr. Robot.
14:24
And The audience. Whoop, Becca, whoop.
14:28
Whoop, Hammer saw John. Thank you guys all for coming,
14:32
Loco, dgeni, shout out to you, brother, for being the first, in
14:36
the chat, we saw that we saw that, but I'm going to push back
14:40
a little bit on the computer comment that you made.
14:42
So what they miscalculated, right?
14:45
Because it's very hard to think about future Innovation, right?
14:50
They and the way that they see Bitcoin today is like holy At
14:54
Bitcoin can't scale Bitcoin. Can't do this Bitcoin can't do
14:57
that what they're missing right? Is that they're under
15:00
estimating, people's ability to innovate, the home computer or
15:04
the computer. Did take over the world.
15:06
Everybody has a computer but it's not the computer that was
15:09
in the 90s. It's looks like this.
15:11
This is the this is your little personal computer and it's
15:14
designed for humans to use with fingers and stuff but that is
15:18
the computer. It just innovated to that.
15:20
How is Bitcoin going to be in 20 years?
15:23
Of course the base. Sir isn't going to change it
15:25
stays the way, it does, right? Or very minor changes.
15:28
But what's going to be built on top of it?
15:31
What the possibilities are with? The lightning network is
15:34
something that we can't even imagine today, but it's never
15:38
made me. So bullish about the future.
15:40
We're not early. We are just getting started at
15:44
the end of the day. We are at what trying to free
15:46
the world from government money. Separating money from State.
15:49
What dude? Never been so excited.
15:53
Anyways Opti let's To the news. D.
15:57
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today, boom. All right, so let's see.
16:27
Numbers came out today, let's talk about that shall we?
16:31
You know it's inflation decelerates more than forecast
16:35
on gas price. Drops let's break down.
16:36
This article US inflation decelerate in July by more than
16:40
expected reflecting lower energy prices, which may take some
16:44
pressure off the Federal Reserve to continue aggressive hiking.
16:48
Interest rates, the Consumer Price increased eight point five
16:51
percent from a year earlier cooling from the 9.1% June
16:55
advance. That was the largest and four
16:57
decades Labor Department data, showed Wednesday, prices were
17:01
unchanged from the prior month. A decline in gasoline offset
17:05
increase increases in food and shelter costs, so-called core
17:09
CPI, which strips out, the more volatile food and energy
17:12
components Rose 0.3%. Sorry, someone came in but okay,
17:22
this is talked about this a little bit, right?
17:26
Here's the thing, right? And here is a picture from
17:30
Wikipedia, right? This is the I'm not saying this
17:35
is going to happen, but this is basically the picture of the
17:39
representation of how hyperinflation happened in
17:43
Weimar Germany, right? This is 1918 and it took more
17:47
than five years for it to happen.
17:49
But what I want you guys to focus on of course is in a very
17:52
detailed graph, but it still makes my point is that it wasn't
17:55
in a straight line. Right there was Peaks, there was
17:58
valleys, right? There's a peak is a valley is a
18:01
peaked as the valley. There's little tiny Peaks and
18:03
valleys here. Peak Valley Peak value.
18:06
Even when it was starting Peak Valley.
18:08
I'm sure. Every single time those Peak
18:10
valleys hit, be the equivalent of these articles came out back
18:14
in the day, right? So, let's tape.
18:18
But if you actually look at the data a little bit more, right?
18:21
It kind of tells a different story.
18:22
So called CP, so-called core CPI.
18:26
Which strips out the more volatile food and energy
18:29
components, Rose Point, three percent from June and 5.9
18:33
percent from a year ago. So that the core CPI looks like
18:37
it's still going up. Anyways, cost of living while a
18:40
drop in gasoline prices is good news for Americans.
18:43
Their cost of living being is still painfully high for any to
18:46
load up on credit cards and raving a drain savings after
18:50
data last week, showed still robust labor demand and firmer
18:54
wage growth. A further decentralization
18:56
Coloration and influence inflation could take some of the
19:00
urgency off the FED to extend out sighs interest rate hikes
19:03
food costs. However climbed 10.9 percent
19:07
from a year ago. The most since 1979 used car
19:12
prices decree so food prices, holy crap, 10% and that's 10%
19:17
with their metric. Anyways shelter costs, which are
19:21
the biggest Services component and make up about a third of the
19:25
overall CPI. II index Rose 0.5 percent from
19:28
June and 5.7 from last year the most since 1991 that reflected a
19:34
point seven jump in rent of primary of primary residence.
19:39
So What does all this mean? He's like, yeah, inflation when
19:43
a little bit down, right? And maybe, maybe it's going to
19:47
come down, but here's the thing, right?
19:50
But if you don't learn from the past, you're destined to repeat
19:52
it. Look how many times inflation
19:55
came down, in the five years of the whole hyperinflation thing
19:58
that happened in Weimar Germany, which led the German people to
20:02
elect, one of the worst Fascist governments in human history
20:07
that led to the murder of millions of people.
20:10
Inflation, hyperinflation is not a good thing, people become
20:13
desperate. Anyways, check this out.
20:17
So the name of the episode today was, are you late to bitcoin?
20:23
We should, we should talk about that, right?
20:26
Let's say you're late to pick one.
20:27
Let's let's let's play Devil's Advocate, right?
20:30
You're not Bitcoin. Is it going to grow as early as
20:33
possible? You're not going to become a
20:34
billionaire or whatever, but still it doesn't take away from
20:38
the fact. That Bitcoin is the best savings
20:41
technology there, ever was, even with this amount of inflation,
20:45
right? And remember, guys, keep in mind
20:48
just because inflation went from 9.1% 28.5 percent, that doesn't
20:54
mean that prices went down. That means that the increase in
20:59
pricing, slow down just a little bit.
21:02
But those prices will never come back down, right?
21:06
And that's something that a lot of people Miss as well, right?
21:08
So, anyways, even With eight point five percent inflation,
21:13
right? Even with Bitcoin being 70
21:16
percent down from all time high, let's take a look at what
21:21
happens when you save in Bitcoin.
21:23
This is one of my favorite sites priced in Bitcoin.
21:26
This is crude oil, right? Even with oil prices being at
21:29
all-time highs If you were saving in Bitcoin, oil would be
21:35
72 percent cheaper. If you waited five years,
21:38
natural, gas would be 60% cheaper and looks like a natural
21:42
gas pumped. Also gasoline gasoline would be
21:46
72 percent cheaper. If you waited five years,
21:49
propane would be 78 percent cheaper and what about housing?
21:52
Because I know a lot of people are talking about that, right?
21:55
So we should, let's check this out as well.
21:58
Median, you house, 78%. A cheaper on a three-year scale
22:03
even with housing prices increasing over 100 percent
22:06
over. The last two years houses are
22:09
still 34 percent cheaper. If you were saving a Bitcoin,
22:13
what about a new car 41 percent cheaper?
22:16
What about chicken breast thirty-eight percent cheaper?
22:19
What about ground beef 41 percent cheaper?
22:22
What about steak, 28 percent cheaper and it keeps going and
22:27
going this way. We make the argument that
22:28
Bitcoin is the best savings. Things technology that has ever
22:33
existed in human history. And of course, it is.
22:37
Also the most secure money that has ever existed.
22:41
It's hard to confiscate, it can't be debased.
22:45
And you want to know why Bitcoin is the best savings technology
22:48
that ever existed. It's precisely, because it can't
22:51
be debased by an institution or government how long until
22:58
etherium so-called deflationary policy.
23:01
Is because of political pressure.
23:03
How long until that happens? Bitcoin is rolls without rulers
23:07
Bitcoin successfully separated the monetary policy out of the
23:11
hands of human beings because as long as it's in the hands of
23:14
human beings, that means it can change it, it will change as
23:19
long as there's a certain amount of political pressure.
23:24
And if we look at history that happens time and time again.
23:28
Anyways Opti, what are your thoughts, brother?
23:29
I'll be right back. No worries.
23:31
Yeah, well as I tweeted this morning, When I did the post,
23:37
you know, I got to keep you guys updated and we got the numbers
23:41
in this morning, July CPI at 8.5 percent and I just responded.
23:46
Oh, wow, they figured out a way to manipulate CPI to look like
23:49
inflation is receding, Color, Me surprised.
23:52
It's if you know, if you've been around simply Bitcoin for a
23:56
while, you know, very well that the CPI numbers, the inflation
24:00
numbers are very easily manipulatable and I know you
24:04
covered this in a news, but I will show Stuff in the fail.
24:07
Hopefully if we got enough time because I think this is a fail
24:10
as well but I want to make a point that that you said and
24:13
I've been echoing the same thing a lot Nico.
24:15
I really like the framing of saving and Bitcoin versus buy
24:19
Bitcoin are investing in Bitcoin because I think it makes a
24:23
better point for people that a lot of us here aren't here to
24:26
just invest in Bitcoin, like we're not here to trade for Fiat
24:30
gay and we're here to save our wealth in Bitcoin and it's the
24:33
it just reminds me of the meme, you know, Bitcoin.
24:36
Isn't a get-rich-quick scheme. It's a don't get pour slowly
24:39
scheme. And while a lot of people miss
24:41
that, I think this is the message we need to tell people
24:44
is like, look, the dollar is robbing you slowly and and there
24:48
the numbers that they are using the manipulated numbers that
24:51
they are using are still at 8.5%.
24:57
It was at 9 percent last month and now it's an 8.5%.
25:00
Remember, when they were telling you that the inflation was only
25:03
going to be above 2%. Now they're happy.
25:06
Did four times that like this is absolutely insane that these
25:10
people are crazy. Hence, why we tell you guys save
25:12
him Bitcoin, you know, just keep it simple, provide the value and
25:17
Save in Bitcoin, go live your life because the dollar or Fiat
25:21
currencies are stealing from you very slowly and this is why you
25:25
feel the yolk tightening up and you are more nervous and more
25:31
emotionally distraught in the rat race, like they are slowly
25:34
stealing your time. I'm Bitcoin stops at this is why
25:38
we Bitcoin. This is why we come here every
25:40
single day to tell you guys to save him Bitcoin because I don't
25:43
know about you. But this gets me pissed off and
25:46
I can't believe people just go on their daily life.
25:50
Like this is the status quo it, fundamentally.
25:53
I just don't understand how people live like this, but hey,
25:56
maybe where, you know, where the smart plebs overhear.
25:59
Something just the average smart Bitcoin.
26:01
ER, we know something, they don't know.
26:03
But it really blows my mind that people Can miss the Nuance going
26:08
on here and they just fall for the gaslighting hook like Hook
26:11
Line and Sinker it, it's absolutely crazy taught.
26:14
Clown World, confirmed Cloud World confirm.
26:17
That's right. Anyways, moving on, moving on.
26:20
So this is a little bit of a follow up from yesterday.
26:24
Some news dropped after the fact Circle, freezes blacklisted
26:29
tornado, Cash, Smart contracts. If you guys missed yesterday's
26:32
episode, the US government first time in its history, Sanctions
26:36
not a people not a government, but a certain software and we
26:41
made the case yesterday, that was the Prelude to eventually
26:46
perhaps sanctioning certain open source software that we're all
26:51
using that. We're all big fans of that with
26:53
this. This show is named after
26:56
anyways, setting the tone setting the Precedence.
26:59
Anyways, there's an article by coin Telegraph Circle.
27:01
Freezes, blacklisted tornado, Cash, Smart contract, addresses.
27:05
So, what are they talking about? Circle is basically the
27:08
developer or the company behind you as DC u.s.
27:12
DC, right? So and that is a stable coin and
27:15
what we always say is that stable coins, provide a false
27:19
sense of sovereignty. They can those addresses of
27:24
those stable coin addresses. They can and will be frozen if
27:28
there is political pressure against the developer.
27:32
In this case, it was Circle, right?
27:34
And if you compare that with And there is no institution, there
27:38
is no Bitcoin, CO2. Pressure to free certain
27:41
addresses which is why Bitcoin is called the money of enemies.
27:45
Anyways, let's check it out. Crypto data, aggregator doing
27:49
analytics said that on Monday sir Circle.
27:51
The issuer of the USD USD, see, stable coin froze.
27:55
Over seventy five thousand USD see worth of funds linked to the
27:59
44 tornado cash, addresses sanctions by the US office of
28:03
foreign assets control. And here's a picture of that
28:08
Circle just fro. 75 thousand USD C.
28:10
Belonging to unsuspecting tornado.
28:13
Users as well as 149 usec donated to the project now
28:19
something really interesting happened yesterday, right?
28:22
Is it as soon as those addresses were sanctioned the so called
28:27
crypto Community fought back, right?
28:30
Someone is trolling celebs by sending eith from tornado cash
28:34
and this is funny because Boeing Center article that we covered
28:37
yesterday. Actually anticipated that this
28:40
would happen and they said an American who has sent money
28:43
through the tornado. Dot cache.
28:45
Address is not even able to reject the transaction and yet
28:49
maybe at the moment technically in violation of ofac rules and
28:55
that's exactly what happened. Right, here we go an anonymous
29:00
user, send a slew of tornado cash, transactions to
29:02
high-profile etherium addresses on Tuesday and what appears to
29:06
Be a troll. Implicating them in a potential
29:09
regulatory mess, affected wallets include those controlled
29:13
by coinbase. Co Armstrong, Brian Armstrong TV
29:16
host, Jimmy Fallon clothing, brand puma and a wallet created
29:19
for donations, to Ukraine, according to Ether, scan.
29:22
And here's a picture of all his addresses being sent to all
29:26
those public address to the belong to public figures.
29:30
And again, why is this happening?
29:32
Because they're trying to basically implement the The old
29:36
system of inclusion on top of Bitcoin and it doesn't work.
29:42
So are those people that got tornado etherium in trouble?
29:46
Now, or, or tornado USD? See, are they in trouble?
29:50
Are they Implement into input like implicated in a crime?
29:54
What's going on there? And this leads me to believe
29:57
that perhaps the treasury knew. This was the case that knew that
30:02
this was going to happen and that would give them even more
30:05
ammunition For further regulations down the road,
30:08
basically making the case. Yo, you can't download certain
30:12
Bitcoin, software Americans, can't download certain Bitcoin
30:15
software because it doesn't allow the US government to
30:19
implement their sanction policy of which their sample.
30:23
Their sanction policy is only so effective because the u.s. is
30:26
the global Reserve currency and not only to mention as well,
30:30
right? Is that dude, look at the
30:33
effects of those sanctions. The US has had sanctions on
30:36
North Korea. The US sanctions on Venezuela,
30:38
the US has sanctioned on Cuba. The US had sanctions against
30:42
Afghanistan and none of those governments collapsed because of
30:46
us sanctions policy. So who are the real victims of
30:49
sanctions. It's the, it's the citizens of
30:52
those countries that just want to get by.
30:55
They have nothing to do with their governments, right?
30:59
Look at the case in Afghanistan what happened when the US
31:01
government shutdown, the Afghanistan's ability to
31:05
communicate with the Financial system due to the u.s. army with
31:08
drawing and you know, the Taliban taking over what
31:11
happened. All the people in Afghanistan
31:15
didn't have access to the Global Financial system.
31:18
Is that their fault but you know what gave them access.
31:22
You know, what's still worked in Afghanistan Bitcoin and I think
31:27
it's there's going to be an inevitable clash between the old
31:30
system and the new system. I think it's inevitable and I
31:36
think that for us, basically, the way that you could protect
31:38
yourself is by running your own node and taking Bitcoin into
31:41
self custody. Anyways, Opti, what are your
31:43
thoughts brother? Well, I might take a little
31:46
different angle on here because I kind of applaud those shit
31:50
Corners that were tainting. All those UT EXO's in those will
31:53
address issues like that. That was pretty based, in my
31:55
opinion, it reminded me of of a tweet that Giacomo Zuko put out
32:00
and shouts out the Giacomo, he he's a toxic For father out
32:05
there and I love his Twitter account and all the stuff he
32:08
does. He's a legend in my eyes but he
32:11
echoed the same thing are basically I am echoing what he
32:13
said and he goes I despise shit coins, especially this one but
32:17
this is a good practice. We bitcoiners should copy
32:19
sending sat from join Market mixes to all known well
32:22
addresses. I don't really believe in
32:25
tainting ut EXO's because I believe that fundamentally
32:29
someone will take those UT EXO's if they're incentivized enough
32:31
for it. But I think this this would be a
32:34
pretty cool practice to see people.
32:36
Do you know at large? Because then it's like the
32:40
powers-that-be wouldn't be able to try to do the same thing to
32:45
bitcoiners or and furthermore, you know, if you understand you
32:49
txo management, you can avoid all this.
32:51
There's a lot of nuance here. But, you know, I think this is
32:54
very interesting and I am very interested in and and, you know,
32:59
a bit concerned to see how this this will play out.
33:02
We said that yesterday like I don't know, I don't know how
33:05
this will play out in the end, but it's pretty interesting to
33:09
watch. And, of course, like kind of,
33:10
you know, I, I know this, simply big, clean-out, and I don't want
33:13
to give a shit Corners, a good, you know, pat on the back but
33:18
like, yeah, shouts out to you guys for changing on those UT
33:21
excels. I think that's pretty hilarious
33:23
and awesome but I don't know. Anyways.
33:25
Mica. Yeah, you keep going.
33:27
Yeah, dude, we got a comment by John.
33:30
I don't know if he was being sarcastic but it says starving
33:32
questions will inspire them. To overthrow pooted.
33:35
See North Korea. Yeah, that was what it was
33:37
supposed to do on paper, but that that's never happened
33:39
before. So, yeah, it's just again, it's
33:43
like ideas being put to reality. And then rather than saying,
33:47
okay this idea, maybe sucks, they double down on it, right?
33:50
And that is literally the bureaucracy for you.
33:53
Anyways, Opti should we do one more story?
33:58
Yeah, man, why not? All right, let's do it.
34:01
Alright, so, let's talk about the villain.
34:04
A Bitcoin. Yes.
34:06
Just he's real that's not a cartoon character.
34:09
That is Augustine Parson or gustin's Carson's.
34:12
He was the head of the Central Bank of Mexico and he is
34:16
currently the head of the bank of international settlements.
34:20
This is the guy that came out with that.
34:22
Very Infamous video. Saying Central Bank, digital
34:25
currencies will give Banks absolute control over their
34:29
people, right? So yeah, this is the final boss
34:32
of Bitcoin. This is him.
34:35
This is the guy that you'll have nightmares about.
34:37
Let me zoom in and he's very upset.
34:39
You want to know why he's very upset?
34:43
Because a Bitcoin anyways let's check it out.
34:45
Here is this article by zero head zero.
34:48
Hedges awesome says Australia Central Bank working with B is
34:52
the Bank of international settlements to launched, digital
34:55
currency system Australia's Reserve Bank is launching a
34:58
pilot program over the course of the next year and collaborate in
35:02
collaboration with the bank of international settlements to
35:05
test the benefits of a blockchain ledger based digital
35:09
current system. If a blockchain is not a public,
35:13
Decentralized Ledger. There is absolutely no reason to
35:16
use a blockchain. A blockchain is a very
35:18
inefficient database. And for a central bank, digital
35:22
currency which central banks are going to want to have absolute
35:25
control of what they really need is a database, but of course,
35:29
that doesn't sound good with marketing.
35:31
Anyways, the central bank is added to a long list of
35:33
participants in the Bank of international settlements
35:36
efforts to introduce Central Bank.
35:38
Digital currencies with the target goal of launching them.
35:43
Ali by 2025, to 2030, that sucks for them because that gives
35:49
Bitcoin a lot more time for Bitcoin to do its thing.
35:52
And it's thing is number, go up baby, though, many people use
35:55
electronic transactions as a matter of convenience a large
35:58
portion of the population, still prefers cash, the usage of
36:02
digital payment systems also does not necessarily denote a
36:05
societal shift away from the idea of cash.
36:08
It only shows a preference for convenience, people still like
36:11
to know that cash exist. As an option, if they need it or
36:14
want it, but central banks are working diligently to remove
36:18
physical cash as a choice within the next eight years.
36:21
Did you hear that? If people still want to use
36:24
cash, why our Central Bank. So hell-bent on trying to remove
36:28
it, what is going on here? With the Advent of widespread,
36:31
Central Bank, digital currencies, the very notion of
36:33
privacy and trade would utterly disappear from society within a
36:37
generation, not only that. But if these currencies are tied
36:40
into a social credit system, like the one used in communist
36:43
China, then there's a good chance.
36:45
Governments will be able to freeze accounts and even erase
36:48
your savings at the push of a button and without physical
36:52
cash. There would be no recourse for
36:54
trade. Both coursers Bitcoin, a person,
36:57
Dean problematic could be locked out of the economy on a whim.
37:01
This is a wet dream for governments and central banks.
37:05
Anyways, the fact that the bank of international settlements is
37:09
so heavily involved in a national digital currency
37:12
program suggests that the ultimate goal of Central Bank,
37:14
digital currencies will be an eventual Global digital
37:18
currency. That's right.
37:20
That is the world economic forum.
37:22
All the bureaucrat that is, their wet dream, a global
37:26
digital currency of which they have absolute control of.
37:30
And this is why I don't, I'm not exaggerating.
37:32
When I say we have a future between slavery and Bitcoin and
37:37
freedom, which is Bitcoin. Bitcoin is going to be
37:40
decentralized. And then you have the
37:41
centralized alternative with the Chinese Communist.
37:43
Party's a big fan of is the Central Bank, digital currency
37:47
don't fall for their BS. Anyways, With so many physical
37:53
currencies in use around the world and at least 30% of of
37:56
each Western Nation preferring cash.
37:58
There is little chance. That central banks will be able
38:01
to force the issue of Central Bank.
38:02
Digital currencies, unless there is an economic downturn or crash
38:06
that inspires a public outcry for alternatives to existing
38:10
currencies. Meaning banking, Elites will
38:12
need a crisis. That damages, the very buying
38:15
power of multiple currency systems in order to get people
38:19
an aggressive shift to a cashless.
38:21
Signing before 2030. Do you see how Bitcoin just ruin
38:24
their plans? It just ruined their plants,
38:26
man. This is where this was always
38:28
heading. Anyways, the pitfalls of such a
38:32
framework are many, and the potential for abuse goes far
38:35
beyond the idea of Fiat money printing, could you imagine not
38:38
only well, they abuse you by debasing the currency that you
38:42
work and you earn in. They also will abuse You by
38:47
literally freezing your account at.
38:49
Well, look at what happened to Look what happens.
38:51
It Canadians in Canada. I'm not exaggerating.
38:53
When I say that Central Bank, digital currencies will would
38:56
give government Banks and governments ultimate power of
38:59
influence, over the populace, inspiring fear and individuals,
39:03
as they consider the threat that their access to the economy,
39:06
could be severed at any moment. Should they say or do anything
39:10
in defiance of authorities, Banks?
39:12
And politicians will try to sell Central Bank digital currencies
39:15
as the Pinnacle of convenience and a necessary transaction
39:19
transition transition. In order to stabilize the
39:22
economy, what they will not mention is the pervasive level
39:25
of control, they will gain in the process, and they're not
39:29
even hiding that anymore. You saw that video by Gustav
39:32
Carson Central Bank, digital currencies will give us Central
39:36
Bankers, absolute control absolute control.
39:39
Like they're not even hiding anymore.
39:42
If you want to know what, the party of Davos is doing the
39:45
world economic Forum, this is what they're pushing for your
39:49
only way out of this future. ER and of course is a little
39:52
off. You skated right now because the
39:54
only thing saving us from this cashless society that they want
39:57
to implement is that around 30% of people, still use cash, but
40:02
what happens if that, that number is going to start doing
40:04
the link down, have you noticed that inflation keeps doing its
40:07
thing? But the bill sizes remain the
40:09
same. What happens in 20, 30 years
40:13
from that. Hundred-dollar.
40:14
Bill has almost no purchasing power.
40:19
You know, it's for money laundering.
40:21
Get have to have people using cash what's going on there.
40:26
Your your protest against this. Your peaceful protest is saying,
40:30
dude. Fuck that.
40:32
Fuck your slavery model. I'm going to opt out.
40:36
I'm going to use Bitcoin. Anyways Opti.
40:37
What are your thoughts brother? Well my first thought was a
40:41
troll, the bank of international settlements trying to create a
40:45
cbgc. Is this going to be built on
40:48
eith? Cuz yeah.
40:53
Alright anyways of course central banks and Bankers, want
40:56
you tracked and bagged? Of course, they're trying to
40:59
eliminate cash. It's the only way to privately
41:02
Transat well besides Bitcoin. But the only way in the Legacy
41:05
system to privately transact. So of course they're going to
41:09
try to stop that Escape Route. We've been saying this about
41:12
Bitcoin since this show started is that they know what game is
41:16
happening and they know that they need to stop the Escape
41:18
Route. Like they fundamentally know
41:22
what game we are playing and they are playing and we've
41:24
called They're their Bluff. And so now they're scrambling
41:29
and they're trying to figure out ways to control you and we just
41:31
keep we keep bringing the receipts about they're saying
41:35
the quiet part out loud. Now like this is how far gone
41:38
they've gone, you know, that they aren't even ashamed of
41:42
telling you that they are trying to control you completely.
41:45
So that you can't save, you can't transact, you can't say
41:47
things. They don't want you to say.
41:49
Like this is absolute bananas. And then, if you remember what
41:53
we showed you guys in the numbers yesterday, about them,
41:55
Trying to D platform people. Like they keep saying this over
41:59
and over. Its they are obviously pushing
42:02
to stop freedom of speech, stop freedom of Association because
42:05
they understand that they have fundamentally lost control and
42:09
so they have to stop the Escape Routes and there's only a few
42:12
Escape Routes and furthermore, like cash is not an Escape
42:16
Route. You like we said a minute ago,
42:18
you're losing value slowly but you can transact privately.
42:22
So there is trade-offs. But of course this is what Intro
42:26
bank is going to say and then furthermore, I don't want to get
42:28
conspiratorial again. Nico.
42:30
I know, I know, I know I have to, you have to bring me in but
42:35
a one-world currency backed by the quote-unquote powers that be
42:40
or the small cabal is at the top or however, you want to name.
42:43
This sounds very luciferian to me and it sounds like what?
42:49
I'll stop there and I'll just stop there.
42:52
Oh man. Oh man, we're going down to
42:55
Alex. Turns out this funny.
42:58
They're demons brother damn it's but yeah man.
43:03
Look it dude there's no there there you can't deny that they
43:08
want a One World Government. Okay they're saying that
43:10
themselves the world economic Forum propaganda you'll nothing
43:14
could be happy. Yeah if they have if they get
43:18
their way and they Implement Central Bank, digital currencies
43:21
you loan nothing and be happy because you'll have no other
43:24
choice bro. And this is why they attacked
43:27
Bitcoin the way they do. This is why they hate Bitcoin.
43:30
This is the, this is the fight of our lives and I suspect I
43:34
keep making this prediction as time goes by.
43:38
You'll start. You're going to have to make a
43:39
choice right now. It's a little bit off, you
43:41
skated, Right? But as time goes by, as
43:44
government's lose their power on the Monopoly, in the creation of
43:47
money, and the Monopoly of people using dollars, you know,
43:51
out of because of the threat of violence, right?
43:54
Like, legal tender laws are so Stop.
43:56
It's like use our dollar that loses value or else, you know,
43:59
it's like, why can't I earn in Bitcoin?
44:01
Why can't I pay in Bitcoin? Those are all very good
44:03
questions, like what's going on there?
44:04
Look, not only do you have to pay income tax, but you also
44:08
have to play inflation tax to what is going on here.
44:11
This is very strange, fine. You could have made the argument
44:13
before you had no other alternative.
44:16
There's no other good alternative.
44:17
But now that Bitcoin exists, why are we doing this?
44:19
Why are we putting up with this? Anyways those are all very good
44:22
questions to ask yourself. Anyways, Opti.
44:26
Gotta move on. I think it's time for the fail.
44:31
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We'll go down to 10% so you can definitely want to take
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advantage of it. Anyways, Opti, what do you have
45:45
for us today, brother? Well, you guys already know or
45:50
better yet. I already know how much you guys
45:52
love dunking on coinbase. So You guys heard about
45:56
Columbus, but let me recap the so you guys can feel.
46:00
What is Actually going on. So, I've been covering coinbase
46:03
for now. What since I've started the show
46:05
is simply Bitcoin and I'm going to bring the receipts and
46:07
hopefully I can get to the second fail, but we probably
46:11
won't. Anyways, let's just go back to a
46:13
little memory whole, you know, coinbase announces, they will
46:15
slow hiring after you dealing a net loss of 430 million dollars.
46:22
Next, we got FTX official surpasses coinbase for the first
46:26
time in trade volume is coinbase sinking again.
46:31
When coinbase extends hiring pause for foreseeable future and
46:34
resigns number of accepted offers, okay?
46:37
Coinbase tabs downloads drop by 55% in 2022 and plunge
46:41
seventy-nine percent since 2021 coinbase lashes 18% of
46:45
Workforce. And look at the dates, you know,
46:47
June 14 2022. The next few days, Goldman Sachs
46:51
downgrades coinbase stock rating and we go on to find out that
46:54
coinbase is selling your information to ice and then we
46:57
continue to go down, coinbase, fail and coin basis.
47:01
Rarely shutting down its affiliate marketing for
47:03
influencers. And then I absolutely love this
47:06
tweet coinbase head of US policy calls for the need for shit
47:10
coin, firms to self-regulate as the sector consolidates pot,
47:13
calling kettle black. And then we had the news about
47:16
the SEC probe into insider trading and coinbase is just all
47:21
just adding up as really bad news for coinbase, but let's
47:24
keep going, you know, again, they're facing a pro by the SEC,
47:28
Kathy Woods dumps. Her 1.42 Million.
47:31
Coinbase shares. What did she know?
47:33
She actually came back and said that she dumped it because of
47:36
the concerns with the SEC, whatever.
47:38
And then we heard this week or last week, beginning of this
47:41
week, that coin based partners with BlackRock.
47:44
And today, the big news, coinbase pulls a 1.09 billion
47:49
dollar net loss in quarter 2 of 2022, big roof.
47:53
So let's get into this article over here at Bloomberg, coinbase
47:57
disappoint with user forecast, revenues Miss Today's Global
48:02
posted a record Wang Point 1 billion dollar, second quarter
48:05
loss and lower than expected Revenue as the largest US shit.
48:10
Coin exchange was battered by tumbling digital asset prices.
48:14
Before I get into this guy's I'm going to I'm going to show you
48:17
the receipts, but mind you the framing that coin based PR is
48:20
trying to spin on this and we shall talk about it for a
48:23
minute. Anyway, shares of the company
48:26
dropped about 6.6 percent and trading.
48:29
Coinbase has slumped 65 Percent so far this year amid what has
48:33
been labeled as the latest shit coin winter Revenue declined by
48:37
more than 60 percent to 80 8.3 million.
48:40
Missing the 85 4.8 million estimates from analysts monthly
48:45
transacting users, drop by nine million dollars in the second
48:48
quarter. Two percent decline from last
48:50
quarter. Trading volumes also drop
48:53
Bitcoins but here I forgot. There's some, here's some signal
48:58
in here guys. Bitcoin.
48:59
Share of trading. Rose to 31% from 24%.
49:04
So it looks like all those shit Corners that got wrecked are
49:08
finally coming back to bitcoin because the volume trading and
49:11
Bitcoin is rising anyways. Total assets on platform, pledge
49:15
63 percent to ninety six billion.
49:19
And here's where we get the pr spin, the current downturn, came
49:22
fast and furious adding that the soft shit coin market conditions
49:26
are continuing into the third quarter core.
49:29
Retail customers are sitting on the Sidelines, because of the
49:32
downturn because of all the uncertainty investors had
49:35
expected, a pretty ugly quarter on training in vet revenue and
49:39
in the shit coin winter. The big theme is the
49:42
diversification continues. Oh my God, such as through State
49:47
interest income anyways, on a foyer Outlook the company.
49:51
Now expects 7 million to 9 million, average monthly
49:54
transacting users, Nehring arranged from earlier forecast,
49:58
average is around 8.7 apparently, And coinbase lost in
50:02
the Latin, the three months ended June, 30 included, four
50:05
hundred and forty. Six million in impairment
50:07
charges related to investment and Ventures, making it the
50:11
largest amount since it became a public company and here is some
50:16
more PR spin. Clearly we acknowledge, these
50:18
are stress market conditions, nothing to do with the fact that
50:22
you guys are the biggest shit, coin, casino and all the as you
50:25
see probes but of course in response to the SEC probe news,
50:29
they have to you know put there ER, sir in, we have a
50:32
zero-tolerance policy on front-running.
50:35
Yes, remember Charlie Lee and coinbase in 2017.
50:41
Anyways, what does this all mean?
50:44
I think personally, it means that coinbase is absolutely rack
50:47
out there. Guys, that like we spend saying,
50:49
their business model is floundering and this is a bear
50:53
market. So you know, of course, the
50:55
trading volumes are going to go down.
50:56
Of course, people are going to lose interest because no one
50:59
likes losing money. But as we have been saying,
51:03
consistently on this show if coinbase wants to succeed, going
51:07
further into the future, they are going to have to get back to
51:10
basics. They are going to have to go
51:12
back to the Golden Goose. That got them here in the first
51:16
place, you need to make an emphasis on bitcoin only
51:19
products, because, man, it's not looking good out there for you
51:23
guys. You guys are losing market,
51:24
share. You guys are getting rekt
51:26
publicly. You guys are losing a shit ton
51:28
of money and I mean, look, they did just partner with black
51:33
rocks. So it looks like coinbase.
51:35
Might be too big to fail out there because now they have the
51:37
can t on insiders where they can just keep pumping their bags.
51:40
But shout out to Solomon, he's in the chap.
51:44
And he made a point yesterday about coinbase and BlackRock,
51:48
and he said, maybe maybe this is a black rocks way of fighting
51:51
coinbase, so that they can pick up some cheap stock and pump
51:55
this baby back up. So, oh no, we failed again on
51:59
the video. Amazing, almost made it all the
52:02
way through rat, guys, absolutely wrecked.
52:06
But we are back. Anyways, Nico, what's your
52:10
thought on coinbase? I know you and I are very
52:12
adamant. Coin.
52:14
Only people. And we see what is the problem
52:18
with coinbase. But are they just too close to
52:21
shit? Coronary?
52:22
Are they just too far gone down the shit.
52:24
Coin Rabbit Hole you. And I always say that Brian
52:26
Armstrong is an enemy of Bitcoin.
52:29
Do you think he is worried? Or is he just like, hey,
52:32
whatever man? Who cares?
52:34
Where that Billy went because I can make some more trading shit
52:37
coins. And then someone said it, like,
52:39
I wonder where that Billy went cuz Dude, I'm just, I'm very,
52:45
like, I want to give a round of applause for the camera.
52:49
This is a record for it to hit 52 minutes.
52:52
I even, I even put it in the refrigerator to cool it down.
52:56
I think I'm gonna have to go buy a new one.
52:57
Nico. Yeah.
52:58
Yeah. I think, I think we're at that
53:00
point, but let's see, let's see. Give it a little bit.
53:02
Give it a little time. Anyways.
53:04
Oh, we got yellow in the chat. Hold on says, we can start the
53:09
the show yellow is here. It's okay.
53:13
Okay. So man, dude, they're just an
53:18
evil villain, man. They have it there acquaint
53:21
base. Is is an evil villain?
53:24
They are listing Securities. That's without a doubt there
53:28
right now. They're they're in a fight for
53:31
their lives because if the SEC the SEC is basically pushing to
53:35
declare all these things, the security.
53:38
So yeah, man, it's it's a shame and remember, it's unfortunate
53:43
because Base is the one that teamed up with black rock which
53:47
is also another evil company Like Larry Fink.
53:50
So yeah. I just that's what I got to say
53:55
about that honestly. Yeah, I agree and and we're
53:59
running out of time, guys, but I will put it in the notes.
54:02
You guys need to go check out this thread by coin bitch.
54:05
I was going to cover it for the fail, but we already did the CPI
54:08
numbers tomorrow brother. Yeah, we could definitely do it.
54:11
It's I, it's one of those things where it's like, We need to get
54:14
this message out there because the CPI numbers is a fail
54:19
inherently. So I guess we'll cover tomorrow,
54:21
shouts out the coin B. You've been putting out, great
54:24
great threads. Let's get into memes, that's why
54:26
they're here. I'm for the daily meme, review
54:34
brought to you by sitting out 21st.
54:35
Best Bitcoin cultural scene is stories articles Comics by
54:38
actual bitcoiners artwork. For all intent is artwork for
54:41
volume 11 and is the artwork for volume 2.
54:43
Volunteers, almost sold out because there's only 1000
54:46
physical copies made per volume. Get your prints of Seville 21
54:49
today before they run out. All right, update your up your
54:53
time. Okay.
54:54
Okay guys, this one I saw this morning I thought it was
54:59
hilarious. You know?
55:00
I'm not His fan of Ledger per se but I think there's a still an
55:04
awesome meme shouts out to all God trading because babe, I
55:08
think I'm pregnant. And she's holding a ledger under
55:11
his eyes and he goes, you pissed on my ledger.
55:16
Oh man. Okay, this one by my boys
55:19
Stacks. You know, we've been covering
55:21
Ethan the in on the show for a while and this is a play on a
55:25
classic meme. If you know the meme you know,
55:28
you'll know it but it goes the nine.
55:30
Most Hopeful words in the English language.
55:33
I am from the ethereum foundation and I'm here to help
55:37
terrifying. Absolutely terrifying.
55:39
X1. We were tagged in this one by
55:41
our boy already BTC and he goes Traders verse hard lers.
55:45
And then we got this guy the dead MPC go.
55:48
I just made my 87 trade of the day.
55:50
And now I've almost broke even and we got the Chad Bitcoin or
55:54
goes oh well. I just dc-8 and hot old and
55:57
still had time to do my hobbies eat.
55:59
Well work workout and That time with the fam, guys.
56:03
This is what we do. You guys.
56:04
Every single day, provide the value.
56:08
Save him Bitcoin and go live your life.
56:10
Bitcoin will be here when you need it.
56:12
This is the beauty of Bitcoin. This is what you need to
56:15
understand. Keep it simple stupid.
56:18
Anyways, this is a good one by Max Keiser.
56:21
I know, I know I scared Nico right here because I sent one
56:24
different meme in the chat but I thought this was a great great
56:29
Meme and and opposed because Because it's a continuation of
56:33
yesterday's story and Max. Keiser goes, a lot of folks were
56:36
approached by a 16z to flip on BTC.
56:39
A few took the money. It's pretty easy to figure out
56:41
who did. I don't judge people get
56:43
themselves into trouble and need help.
56:45
Fact is Bitcoin maximalism is getting stronger and then he's
56:49
got Christine Lagarde here in a Mimi goes because if there is an
56:53
escape, that Escape will be used.
56:56
What did we say at the beginning of this show?
56:58
Literally this exact same thing. And now we have her It's not
57:01
mine. So what is that escape?
57:04
What do what do you need it? Bitcoin?
57:07
Shout out the Bitcoin resources. Great.
57:09
And then this one is a meme. Michael sailor.
57:13
Did I may have a one-track mind but at least it's on the right
57:15
track and shout out to labra. He's doing these make it a
57:18
quote. So I may have a one-track mind,
57:20
but at least it's on the right track.
57:23
Shouts out to sailor, shouts out to labra.
57:25
And then, of course, I've been loving whoever is running the
57:28
coin Bates, Twitter account because cuz they are killing it,
57:32
guys. You guys definitely need to go
57:33
follow them. They're doing a lot of good
57:35
memes, a lot of good, educational threads, absolutely,
57:38
killing it over there. And then on the same thread of
57:41
maximalism dying, they go. See I told you these Horseless
57:45
carriages are not getting adopted horse breeders.
57:47
Probably we are here Bitcoin replacement of Horses by cars.
57:53
Yes this is where we are right now guys.
57:56
Connect this with Bitcoin and even shit cornering anyway since
58:00
we The CPI numbers. Shouts out to our boys, over at
58:03
Bitcoin magazine. Don't be fooled.
58:06
Rio inflation is Shaq. Yeah, my God.
58:14
Okay, okay, let me see. Let me see what my score will
58:19
be. I didn't prepare my score today,
58:21
so let's go. Let's go with My phone that is
58:28
hosting spaces right now. So new score, I need to find new
58:33
scores. I'm running out of scores here
58:37
guys. I will find knickknacks for you
58:39
guys tomorrow and the rest of the week.
58:41
Alright, honor of yellow. Oh, by the way guys, this is the
58:44
main review. So you could write and it's
58:46
interactive. So you can rate the score
58:48
yourself while the show is going and Opti and I will read out the
58:52
scores have fun. Make this feel uncomfortable.
58:56
Anyway. Is here's yellow says, when you
58:59
read Lagarde you have to do the accent.
59:01
Well, we miss Lagarde yellow, but I will.
59:04
I will do the score in the Lagarde accent.
59:07
Hello, I'm Christine Lagarde go and I'm going to give it this
59:11
blue microphone but Niko upgraded to this very big but
59:20
I'm still waiting for the cables but this is a new microphone, be
59:22
using from now on Nico in this bitch with the new New Mike.
59:27
We are building. I'm excited.
59:29
Hold on, hold on. Before we go.
59:34
That is the Alex Jones. Mike, by the way, you're the one
59:36
that he used to use, is the re 20 bring in the big guns.
59:40
Anyways, let's read some of the scores.
59:45
Yellow says, I give one of these.
59:49
Okay. Okay.
59:53
I'll give it. This green strip goat head.
1:00:01
Okay I give those memes a giga. Chet Bitcoin Becca and Bitcoin
1:00:09
bag up. Gives it a I am building.
1:00:12
Okay, awesome scores. All right, going once going
1:00:16
twice going three times, looks like there's no more scores Opti
1:00:21
present open source off. Now There's a pub site.
1:00:23
Pretty sure is a plum site. Websites.
1:00:29
All right, what do we got for us, optio?
1:00:31
Wait, hold on. Before you do that, I have to
1:00:33
give a very special shout-out to our awesome sponsor Cipher.
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Safe, guys. Don't be that guy that loses or
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that woman, or that girl, that loses their seed because because
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because because they stored it on paper papers prone to water
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damage fire damage, dog damaged paper sucks.
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You really want to store your generational.
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Out on paper. No, you got to store it on steel
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and there's no better place to do it.
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Then the cipher safes, Cipher Grid or the Cipher wheel, visit
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Cipher safe dot IO so that you don't store your seed on paper.
1:01:15
Anyways, Opti, what do you have for us today, brother?
1:01:19
I what's up guys? We are here with a pleb site and
1:01:22
it is the bit signal.com can get a bunch of goodies.
1:01:26
A bunch of cool stickers. Let's Check out this shop a
1:01:29
little bit. You can see what you're getting
1:01:31
guys. I know I know you guys don't
1:01:33
like to spend your SATs but if you see cool stuff created by
1:01:38
bitcoiners, you got to encourage them to keep creating cool
1:01:41
stuff. Send them some sad Skies,
1:01:43
awesome site, awesome site and of course go listen to us on the
1:01:47
Google platform, the Spotify and or anchor.
1:01:51
And if you think we are providing value to you guys, we
1:01:54
will take your SATs on Fallon, the value for Value economy.
1:01:59
Seems to be thriving, you know, it's working.
1:02:02
I really love what they're doing over there.
1:02:04
Anyways, me go. Let's roll this one out, man.
1:02:06
Let's roll it out. Because first of all, it looks
1:02:08
like we missed someone Max Trotter gave the memes an empty
1:02:12
Rosella pack. I don't know what that is, but
1:02:15
it's funny. Anyways, I want to give a
1:02:18
special shout-out to our awesome sponsor represent LTD.com they
1:02:23
make the most comfortable hoodies ever and shirts and
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Sweat pants. I'm wearing the green camo.
1:02:32
I wear this because I feel like I'm in a revolution.
1:02:35
So I where it's one of my favorite ones opt he's wearing
1:02:37
the Bitcoin merch Opti, show them the Bitcoin.
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It's dope, he's coming out, look at that, look at that represent
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its comfrey, it's stylish he's coming out.
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Look at that. Look at that.
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Look at Opti modeling. Johnny Depp, I'm a model now
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Nika. You he told me I'm a model now.
1:02:53
Opti opted, a pop Tdap. Anyways guys visit represent
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LTD.com and You can take advantage of the promo code down
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below to get 10% off represent, LTD.com guys.
1:03:04
And we also want to give a very special shout-out to Jacob.
1:03:07
The producer from Swan. He helps us host the space.
1:03:11
Also, a new member of Simply Bitcoin.
1:03:13
He's going to help us do. Simply Bitcoins blog is SATs for
1:03:17
life. So keep an eye out for him.
1:03:19
Will it will get will give you guys more information.
1:03:21
Also, our researcher, the guy's awesome, Hans.
1:03:26
Shout out to you. Hans dropped 32.
1:03:28
The articles on on us, in the, in the, in the chat last night.
1:03:32
Very useful. Love is stuff.
1:03:34
Some of the best Research on Twitter.
1:03:36
Definitely want to give him a follow.
1:03:37
Guys, that was our show. We love you all.
1:03:40
Thank you guys for coming to the show.
1:03:43
Like, always and really, really helps us if you give the show,
1:03:47
smash that like button, if you subscribe, if you really find
1:03:50
the information valuable, shout out to everybody all the plebs
1:03:54
in the chat, Becca yellow, mr. Robot the Great So I still can't
1:03:59
pronounce it. John Johnny heard gone.
1:04:03
She's so. Could I still can't pronounce
1:04:05
your name? I'll get it.
1:04:06
I'll get it. I'll figure it out.
1:04:07
Anyways guys, love you all. That was a show.
1:04:10
We will see you tomorrow for a brand new episode.
1:04:27
Which one's the best crypto asset will Bitcoins the best
1:04:29
crypto last. Okay, what's the second best?
1:04:32
There is no second best.