Latest / Simply Bitcoin / Yellen Admits Bitcoin Isn’t Just for Illicit Activities, What Now? | EP 463

Transcript

Yellen Admits Bitcoin Isn’t Just for Illicit Activities, What Now? | EP 463 · Simply Bitcoin

0:07
Welcome back everyone. That's right, we're back like a
0:10
week off. We're simply Bitcoin.
0:12
We break down the news. The daily fail mean review.
0:15
Software releases Hardware releases and the plebiscites
0:20
joining us today. We've got fellow Bitcoin, ER,
0:25
Sam Callaghan. He is a Bitcoin Analyst at Swan,
0:29
what's up? Sam.
0:31
What's up guys? Thanks for having me on happy to
0:33
be here. Very cool, very cool.
0:35
Alright, we are diving into the numbers.
0:37
That's right, Sam is joining us for the rabbit hole.
0:39
Let's do it. Brought to you by noddle.
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At the time of this recording, the block, itís 730, 1601, the
1:09
Bitcoin price thirty nine thousand six hundred fifty chain
1:12
rewrite days, 748. Total public lightning capacity.
1:17
3610 dot 36, Moscow, time, 25 17 blocks to the having 108,000 399
1:26
and the samurai whirlpool Spent capacity, Samurai Whirlpool is a
1:32
coin or collaborative spend. It is not a mixing service and
1:37
the unspent capacity for that is 4470, 893.
1:44
The numbers Niko? It's been a long time.
1:45
My friend, it has been a long time, right?
1:49
I keep saying that Samurai capacity because we don't know
1:52
how long we're going to say it for.
1:54
But anyways, the big news for today kind of bombshell You were
2:00
listening to norming, used it should come as a surprise to
2:03
you. If you've been listening to
2:04
bitcoiners it should not have come as a surprise to you, why?
2:08
Because of the record amount of money printing, let me tell you
2:11
the signal, right? Is that they'll blame everything
2:15
but the money printing, it's Putin's fault.
2:17
It's the supply Chains. It's the virus that we can't
2:20
speak of on YouTube. It's anything, but the record
2:25
amount of money printing. Anyways, let's get to the
2:27
article. Shall we US inflation quickens.
2:29
28.5 percent ratcheting up pressure on the fat.
2:34
Us consumer Prices rose in March by the most sensitive late,
2:37
1981, underscoring, the painful painfully High Cost of Living
2:42
reinforcing pressure on the Federal Reserve to raise
2:44
interest rates even more aggressively, the Consumer Price
2:47
Index, increase 8.5 percent from a year earlier following, a 7.9
2:51
percent annual game. February, Labor Department data,
2:54
showed Tuesday, the widely followed inflation gaze, roast
2:58
1.2 percent from a month. Earlier this biggest gain since
3:01
2005. Now, let me put it to you this
3:03
way. The CPI is rigged, okay, it's
3:07
bullshit. We all know it's much higher
3:09
than that, right? But it's so bad that it's still
3:12
8.5%. This is a pretty good
3:16
visualization of where we are in this moment in time, it looks
3:19
like we're still on the come-up, I might add last time this
3:23
happened. Like the article said was back
3:25
in the 19th and early 1980s. This hasn't happened didn't
3:29
happen. In my lifetime, Phil.
3:31
I think you were a baby Sam, looks about my age.
3:35
So anyways, moving on. So like I said, the eighth, you
3:39
know, the a the the fucking 8.5 CPI really doesn't account for
3:43
food. It doesn't count for energy and
3:46
just take a look at this screenshot of MSNBC and
3:50
afternoon. Gasoline, 8 48 percent used
3:53
cars, 35% 0 tells 25% airfares. 23% serial baked goods night,
4:00
4%, major appliances, 12.4% meat poultry fish eggs, 13.7
4:05
Furniture bedding 15.8. So, again, people spend the most
4:11
on energy and food, right? Energy or gasoline, right?
4:16
You have to power your car to get to places, get to work, 48
4:18
percent, almost 50% and food meat, poultry fish eggs, 13% so
4:25
it's a lot higher than 8.5% on the majority of things that you
4:28
spend money on and here. The thing here's the fucking gas
4:31
lighting okay? And the thing is we were
4:33
playing. If you've been subscribed to
4:35
this channel for a while we've been playing you these videos
4:38
for a long time and we would make fun of them and this person
4:41
mahse was kind enough to do a compilation.
4:43
I'm not going to play you. The whole thing.
4:45
I'm going to just play you. 10 seconds of politicians.
4:48
This is Janet Yellen the u.s. secretary of the US Treasury
4:51
secretary. And then the you know, president
4:53
of the United States. Joe Biden.
4:55
Literally telling you that there was going to be no inflation,
4:58
let's check it out. I really doubt that we're going
5:02
to see an inflationary cycle, by the way, talk of inflation.
5:08
The overwhelming consensus is going to pop up a little bit and
5:11
then go back down, I don't know wrong.
5:15
How did we know this? Because they're printing record
5:18
amount of money, so it's clear that they're just totally
5:20
gaslighting you, by the way, shout out to maze more for
5:23
making this compilation. Moving on, of course, you know,
5:26
they're blaming Putin nowadays. It was a supply chain but now
5:29
it's Putin and Zero Hedge made a very awesome visualization of
5:34
again, put the politics aside, that's not important to us, but
5:37
this is Biden, taking office. Clearly the inflation has been
5:41
on the rise way before Putin, right?
5:43
It's just total gas lighting. And what what does this have to
5:47
do with Bitcoin? Why is this happening?
5:49
This is a quote by Scioscia Nakamoto, it really summarizes
5:53
it perfectly. The root problem with
5:55
conventional currency is all the trust that requires to make it
5:58
work. The central Must be trusted not
6:01
to debase the currency, but the history of Fiat currencies is
6:06
full of breaches of that Trust Banks must be trusted to hold
6:09
our money transferred editor electronically, but they'll end
6:12
it and, and waves of credit bubbles with barely a fraction
6:15
in reserve, here's the thing, he wrote that when fractional
6:19
Reserve banking was a thing since really Donald Trump, 2019
6:22
2020 now, it's zero percent fraction, there's no Reserve
6:26
anymore, we have to trust them with our privacy.
6:29
See, trust them to not, let her identity.
6:31
Identity, thieves drain our account.
6:33
So I think that summarizes it perfectly the problem with Fiat
6:38
money, and really how Bitcoin fixes this.
6:41
Do you really blame these politicians to just keep
6:44
printing money to make their voters happy to buy votes?
6:46
Essentially, do you really blame them for, you know, funding,
6:50
whatever type of social program is going to get them, you know,
6:53
votes. Do you really blame them for,
6:55
you know, wanting to increase the government budget to
6:58
increase the To to pay for themselves.
7:01
Do you really blame them for doing that right?
7:03
It's a hell of an incentive Bitcoin fixes that because it
7:06
takes the monetary policy out of the hands of human beings.
7:10
If you want to make more Bitcoin, you have to get in line
7:13
by a minor pay for electricity and mine it like everybody else.
7:18
Right? It fixes the money and I think
7:21
that this is going to keep happening, bro.
7:23
It just the incentive is too big.
7:25
So yeah, man, the, I think that this inflation thing is going to
7:28
continue to grow. They, the fed the And have any
7:30
other tricks to kind of mess with this.
7:32
Yeah, they might raise rates but unlike the 70s, when the last
7:35
time this happened, Volker had a lot more head room right now.
7:40
We don't have that much, right? So I don't know how this is
7:43
going to end if you listen to Max Keiser you know can't stop a
7:47
Ponzi scheme, I have no idea. The reason I don't give a shit
7:51
it's because I have Bitcoin something that can't be debased.
7:54
Anyways Sam, what are your thoughts on this fucking clown
7:57
World? Shit.
7:59
I mean many summed, it up pretty well but it's the highest in
8:03
like 40 plus years. Like you said got that to GDP
8:07
super high so they can't raise rates and honestly the
8:11
gaslighting it just pisses me off.
8:12
It just pisses me off because back in the day they had no
8:16
accountability and now the internet like that video, that
8:19
that person made and the ease of communication, we can kind of
8:22
call them out more easily on their bullshit.
8:26
Like you said, they just have different excuses along the way.
8:29
The first said it was transitory and now they just remove that
8:33
word from their lexicon and now they just make up excuse after
8:37
excuse after excuse except the 40% of the empty money supply
8:42
that they print it, right? And this will continue.
8:46
I don't really see things coming down that much.
8:50
I've been surprised that the rate of this inflation rise and
8:53
I think a lot of other analysts have to it's spiked even faster
8:56
than I thought. And that's kind of worrisome
8:59
just from Like just a societal perspective in terms of the food
9:04
prices that are spiking across the world.
9:07
And so I kind of hope that it reduces a little bit just to
9:10
give a little bit of ease because I don't know how long
9:12
this can go on before the bottom 50 percentile.
9:16
I mean, just can't even afford basic necessities.
9:19
I mean it's good to that point and then the CPI is just
9:22
completely crap. Because it mean, if you look at
9:25
even just rent, like rent is completely understated in the
9:28
CPI, For anybody, that's not like wealthy.
9:32
Rent makes up a big portion of their monthly expenses.
9:35
I mean that's just that's just makes common sense, right?
9:38
And rent.com recently said that at one bedroom was up about
9:42
twenty four percent year over year and the CPI just said, it's
9:46
up 5%, right? The shelter components up by
9:48
percent. So there's just huge disconnect.
9:50
If you use like the shadow stats, you know, methodology
9:55
from the 80s, it's upwards of 17 percent.
9:59
I think it's in the 20% like 20% right now and when you look at
10:05
food prices spiking it's concerning man it's concerning
10:08
and then you just have gaslighting so part of me feels
10:12
like they just they're just all talk.
10:14
They don't actually want to fix the inflation because of the
10:16
debt to GDP is so high it's like that Playbook that's in an IMF
10:21
paper where it's the liquidation of sovereign debt, so when you
10:24
let the inflation Run High, you know that kind of just melts the
10:27
debt over time and they're trying.
10:29
NG to do that while keeping everything together and there's
10:32
they're all talk saying that they're going to, you know,
10:34
fight inflation this way. They're even bringing a price
10:36
controls right now which is just it's so dumb, it's bananas and
10:40
we it's bananas. Yeah, don't know that price
10:42
controls don't work but it again, it goes back to the
10:45
incentives are not incentivized to stop money printing, which is
10:49
what is actually going to stop. Stop inflation.
10:52
But if they stop running printing, they're really Gonna
10:55
Hurt the economy, right? Which means less votes for them.
10:59
So they're kind of Stuck in this pickle right?
11:01
Where it's exactly what you said Sam.
11:03
They're trying to keep it together with the other without
11:06
it falling apart but it's just causing clown world to do its
11:10
thing. And Kaiser had this amazing
11:12
quote, he's said the excuses are suffering from inflation itself
11:17
from themselves, right? And I think that was spot-on
11:20
anyways, but it's not. What are your thoughts on this?
11:23
Yeah, I think you guys both really well.
11:25
Covered it. I think the only thing I can add
11:27
to this is I don't understand how The people who come up with
11:31
this formula, okay. This this disingenuous formula
11:35
to downplay what's really happening in inflation.
11:37
I don't understand how these people reconcile doing this and
11:41
putting that information out. You know, I understand at the
11:44
end of the day, these people are, you know, they're
11:46
rent-seeking, right? We we have no choice, right?
11:47
We are incentivized, you know, pay our bills, you know, help,
11:52
our families, all that good stuff.
11:53
But at the end of the day, it's like, you know, that the numbers
11:56
you're putting together or complete bullshit, like look at
11:58
that MSNBC. Chart.
12:00
None of those that like, that, there was one or two numbers
12:02
that were close to that 8.5. Where does that number come from
12:06
and, and just think about it, right?
12:07
There's a whole group of quote-unquote educated
12:10
credential eyes. People little patting each other
12:12
on the shoulders, right? Shaking hands going.
12:14
Yeah, this is, this is correct like and they know it's
12:18
bullshit, they know, it's not correct.
12:20
Anyways, it just I don't get how you reconcile that you gotta be
12:23
a piece of shit. Somehow your anyways, dude,
12:25
look, I think it goes down to the incentives, right?
12:29
No one. Better than their incentives
12:31
there. They're incentivized to keep
12:33
printing money. They're not incentivized to stop
12:35
printing money. The you know the result of that
12:38
is you know the lower and middle classes that can afford to save
12:42
and real estate and equities and Bitcoin really does fucking fix
12:46
this which is why we cover this shit because it's clearly
12:49
inferior money. Right Bitcoin.
12:51
Everyone wins Fiat the government and the very very
12:54
wealthy wins. Right?
12:56
It's clearly a better system but anyways Phil it's time for the
12:59
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Smart way. Stuck sounds guys, as you know,
13:20
we've been gone for a while and we still get tagged in, you
13:23
know, a whole bunch of stuff. So, some of this might be from
13:26
last week, but keep in mind I'm going to, you know, we're going
13:28
to get through all of these. Fails.
13:30
And we are going to start with. We are going to start with
13:34
Mozilla Mozilla, obviously is more current, but we're also
13:37
going to take a look at some shit quoting from last week.
13:39
Let's dive into Alex, glad steans tweet first, here we go,
13:44
Mozilla has decided to stop accepting Bitcoin donations.
13:47
They think proof-of-work is bad, but they will develop and share
13:50
a white list of proof of stake, shit coins, and begin accepting
13:55
those in the next few months. Not going to make it of the most
13:59
epic. Proportions.
14:01
Alex, you are correct. What is he doing?
14:03
He is retweeting an awful tweet by Mozilla, okay?
14:07
And let's take a look at that tweet before we dive into the
14:12
nonsense. Little article that we have
14:14
about it. Thank you all for engaging in
14:16
this important discussion about the impact of shit coins on the
14:19
environment and for pushing us to think critically about our
14:21
climate commitments. Today, we're announcing an
14:24
update to our cryptocurrency donation policy.
14:29
Okay. So let's take a look at this
14:35
Mozilla published its climate commitments.
14:37
And since cryptocurrencies environmental toll has become
14:41
more apparent. Mmm, indeed.
14:46
Mozilla will no longer accept, proof-of-work, cryptocurrencies,
14:48
which are more energy-intensive, that's right.
14:52
Using more energy bad, think of all the Innovations throughout
14:55
history, using more energy. Those were all terrible.
14:58
Fire was terrible. Electricity was Double all of
15:02
this is terrible. Okay.
15:03
Right now, you're just existing in terrible lives because of all
15:06
these horrible Innovations, because of increased energy use,
15:09
but it doesn't matter. Anyways, Mozilla will accept
15:12
proof of stake shit coins which are less.
15:15
Energy-intensive Mozilla will develop and share a list of
15:18
cryptocurrencies, we accept by the end of Q2 2022.
15:22
So let's take a look at some of these coins here that they're
15:25
going to be willing to accept, right?
15:26
Because these are proof of stake shit coins.
15:28
And this is the wrecked leaderboard, right?
15:30
These are that's where people got rug.
15:32
Pulled like Ronin Network, like Polly Network, like Wormhole,
15:35
right? All of this garbage.
15:37
This is the kind of crap that they're going to be willing to
15:39
accept. Now, I'm not saying these
15:40
specific coins, but I'm just trying to give you an idea of
15:43
the, the ilk of the quality of the donations that they're
15:46
looking for. So you kind of got a wonder, why
15:49
would you make such a stupid decision to go for something
15:52
that really has no value, shouldn't be money and and
15:55
really you know, has no use an existing in the free market
15:59
should siphon it out, you know. Why would you do this?
16:02
So, we went to go take a look maybe at the people running
16:06
Mozilla. And again, you know, I'm gonna
16:09
pull some strings together, who knows?
16:11
Maybe it means something. Maybe it doesn't, but on the
16:13
Mozilla Foundation, got this, I look through every single person
16:17
and we've got an arena sing. Okay, so this person is actually
16:22
part of the That's right.
16:34
That's right. She was so anyways, let's let's
16:37
go take a look one of the young global leaders with the ich the
16:42
world economic Forum. There you go guys, you know,
16:46
there's it's just interesting, right?
16:48
So I've heard, I've heard the argument that all well, you
16:51
know, Elizabeth Stark, right? Had nothing to do with the world
16:54
economic forum, and she ended up there, Elizabeth Stark wasn't a
16:57
young Global leader with the world.
17:00
Economic I'm like, Justin Trudeau is okay.
17:04
So yeah, these people are everywhere.
17:07
So if you wonder why Mozilla has an e SG narrative.
17:11
Take a look at their board of directors in their foundation
17:15
and you'll understand. Okay?
17:17
So before I move on to the next one, does anybody have any any
17:20
comments about the the Mozilla stupidity?
17:24
Dude, this has been debunked so many goddamn times.
17:29
Write it clearly. Let me explain it one more time,
17:33
very quickly. I want to pass it on to Sam.
17:35
Without proof of work. Money is corruptible, proof of
17:37
work. Is what keeps money in a, what
17:39
keeps Bitcoin uncorruptible? Right.
17:42
Proof of stake, is a continuation of the old system
17:46
with a brand new name which is exactly why the world economic
17:50
Forum supports things like etherium.
17:54
My dad haven't been able to get proof of stake to work even
17:57
though it's been a couple years, right?
18:00
And they release, you know, attack ads on their Twitter,
18:03
right? Attacking Bitcoins, you know,
18:05
mining and proof of work. They even came out with
18:08
something ludicrous saying that Bitcoin was going to consume all
18:10
the world's energy by a certain date.
18:12
That turned out to be completely wrong.
18:15
They aren't really concerned about the truth.
18:18
They're concerned about selling you a false narrative with the
18:21
hope that enough NPC These buy into it that they can get a mob
18:26
behind it, to, in their eyes, you know, get some type of
18:31
regulatory pressure on bitcoin. And that's exactly what Chris
18:35
Larson of, xrp, spent five million dollars to try to do so.
18:40
But unfortunately for him, he spent five million dollars,
18:44
stress testing, the honey badger to make the honey.
18:47
Badger, inevitably stronger. Anyway, Sam, what are your
18:50
thoughts on this? Yeah, that is it's the same.
18:55
It's the Bitcoin for CSG. It's basically permeated the
18:58
whole conference that topic and it's disingenuous because and in
19:04
not factual like straight up, I think it shows a
19:07
misunderstanding a Bitcoin and enter and energy.
19:12
And then ESG is being used to control from these organizations
19:16
these large powerful organizations, like the world
19:19
economic forum, who Try to influence companies and what
19:23
they do based on these things that they just create out of
19:27
nowhere. Like we're going to do ESG now
19:29
and there's no defined definitions of like what that
19:32
actually means. And, you know, for me proof of
19:35
stake is just the same thing. Like you said that we already
19:38
have that can be controlled which is why they like it.
19:41
And it's an attack on bitcoin its attack on proof of work.
19:45
And for me like proof of steak is just trying to recreate like
19:49
the perfect fairness of With the work.
19:52
It's basically trying to make like artificial consensus
19:57
mechanism that tries to recreate the fairness that is the energy
20:01
of proof of work. And so it's just inferior from
20:03
the get-go, it's a less secure consensus mechanism.
20:07
And so, it's just all bullshit, to be honest with you. 100%,
20:11
totally great. Phil Slade.
20:14
Another one metaphor Mozilla metaphorically.
20:17
Madam, we have myself. No violence, okay, no vitamins a
20:21
Forkel slang anyways. Phil, what's the next one?
20:24
All right, guys, so this is the, this is the one from last week
20:26
that we got tagged in. So we're going to go back in
20:28
history, a little bit before we get a little more current
20:31
tomorrow. Let's dive into this here.
20:33
I don't know if you guys remember, we covered the orb,
20:35
right? The the world coin, people going
20:37
around scanning people's eyeballs and and I think we even
20:41
said that there'd be some type of a rug puller something like
20:43
six months later on, even think it took six months.
20:45
But anyways, let's dive into it. Here we go.
20:47
This startup promised people free crypto if they say, And
20:51
their eyeballs. Now people feel they've been
20:55
scammed. All right, so just quickly
20:57
before we continue on the article, let's just remember it.
21:00
It was they had a second major Capital raised in roughly six
21:04
months for World coin, which raised 25 million at a 1 billion
21:07
dollar valuation in October. The okay?
21:10
That was with a 16z coinbase ventures digital currency group
21:14
were among the investors which also included Angel Investors
21:18
Sam. Venkman freed who is the founder
21:21
of FTX exchange, right? All these shit coin exchanges,
21:24
they totally loved creating liquidity out of your
21:26
hard-earned money. Mmm!
21:28
They love that stuff. Okay, anyways, so just a little
21:31
background there on the amount of money that they earn that the
21:35
amount of money that they raised.
21:37
And more importantly, you can see the shit coin houses that
21:40
helped them out, right? A 16z and coinbase Ventures and
21:45
quickly before we go into the article.
21:47
I just want to remind people of some of the stuff that a 16z
21:50
has. Funded cellco, which is tied to
21:53
the world economic Forum definity, which is some bullshit
21:56
layer, on top of etherium, compound, Finance?
22:00
Right, the failed Facebook currency, right, the EM.
22:03
Okay, make oh, look open sea, and everyone's favorite that?
22:09
Never seems to work Solana. Okay, anyway, so you can see,
22:13
this is a regular shit, coin house, and they absolutely love
22:17
to fund everything, but Bitcoin. Anyways, let's continue on to
22:21
what the Happened at World coin. So World coin promise to
22:24
jumpstart the global crypto Revolution with an audacious
22:27
plan to give out digital money to all seven point.
22:30
Nine billion people on Earth to spread its crypto gospel across
22:34
the planet World coin recruited a corpse of orb operators whose
22:38
job it was to scan people's irises.
22:41
That makes sense. This isn't a data harvesting
22:44
scheme. We're giving away free money.
22:47
Anyways, like, I feel like we're in Batman and this is the Joker.
22:50
Okay, here we go. You know, where he was, given
22:52
away all that free money and then everyone died in the
22:54
street. Yeah, the 80s.
22:55
Okay, so the currency has not yet been launched World coin is
23:00
already wrestling with a host of problems.
23:02
From managing angry, orb operators to concerns that the
23:05
company is using its cryptocurrency as a way to amass
23:07
millions of Biometrics and perfect.
23:10
A new kind of authentication technology for the blockchain
23:14
era users from around the world, especially in Africa and Asia
23:17
have sent hundreds of outraged messages to orb, operators,
23:20
demanding the money, They were promised world going CEO, Alex
23:25
blend, he acknowledged that people are upset but said, the
23:27
company is learning through its field testing.
23:30
Okay? So, so what that means is
23:34
everyone who's getting their eyes scanned and all those
23:36
operators, who are quote unquote, operating the orbs you
23:39
are the product, okay? That that's that's the field
23:42
testing like there was never like that product.
23:45
Should have never been out the door.
23:46
This is like pre-alpha bullshit. Okay, and this is exactly what
23:50
you get from these. Freaking unicorn makers.
23:53
Anyways, World coin says that once it's systems are perfected.
23:56
It will anonymize and delete users biometric data, thereby
24:00
guaranteeing their privacy. Okay, so what happens before
24:04
that time, ha ha ha, like just don't trust him.
24:08
Trust him, do good and nobody's gonna steal your data while they
24:13
have it and they're gonna delete it.
24:15
So we haven't heard about third parties losing people's data
24:19
anyways. Okay.
24:20
So blame your strongly pushed On the suggestion that world comes
24:22
purpose was to harvest the world's eyeballs in return for
24:25
cryptocurrency, that may turn out to be worthless that notion.
24:29
And this is I love this. Part of the answer that notion
24:32
is just very wrong. I don't even know where to
24:35
start. Like this is just very wrong.
24:37
That right there is a very detailed response.
24:41
He couldn't even explain why this was wrong, it's just wrong.
24:46
Anyways, it's like I don't really give a shit.
24:48
I'm harvesting your data, but I'll tell you that this is
24:50
wrong. Anyway, It's okay, rather.
24:52
He said this was the only way World coin could achieve its
24:56
dream of introducing the world, the whole world to crypto while
25:01
ensuring, no one gets more than their fair share.
25:04
Nico. I know that you like that
25:06
language. I know that you appreciate this,
25:09
this hidden shitty call me fucking language.
25:12
Okay, what is that crap? So, so what, what is that, dude?
25:18
I think it's you know what they're hiding behind moral.
25:21
You broke our Goa Goa, Goa, philco up, stop.
25:27
What you're doing. Go up, go up.
25:30
Look at that. Look at that.
25:32
Look at that. Poor lady that fold old lady.
25:35
She doesn't know what the fuck. She's looking at, not happy.
25:40
And why is it an orb? Why can't I just be a simple
25:42
camera? And this Gyros raised how much
25:46
25 million dollars? A 1 billion dollar valuation and
25:50
25 billion I think. In the set 25 million in the
25:53
second round. Jesus.
25:55
Yeah, yeah. Okay.
25:58
So two of the operator said the system could be gamed by signing
26:02
people up more than once a device that ostensibly exists to
26:06
make sure sign ups aren't duplicate.
26:08
I want you to think about that. They create a unique hash out of
26:11
your iris, but yet you can duplicate people sign ups, So,
26:17
none of that data is going anywhere.
26:19
It's all just sitting in the orb.
26:22
This is just ridiculous. You imagine what?
26:24
That's like, it's like if we just think about it, like how
26:29
ridiculous and stupid is this? They tell you that they're doing
26:33
this unique encryption of your data and then at the same token,
26:37
you can also sign up twice, upset with the launch setbacks
26:41
glitches with the signup process and delays with bonuses a group
26:44
of or Bop. Raiders from around the world
26:46
began to draft a joint letter of complaints to Worldcom.
26:49
Oh my God, we are surprised. Look at this thing, I guess this
26:52
is what it looks like under. That weird shiny thing.
26:55
Looks like a death star. It kind of does it.
26:58
Kind of does like the death of humanity right there.
27:02
Yeah I'm know this this articles like super long so I'm scrolling
27:04
through all this. Alright so here we go okay.
27:15
On her face, though. The look on her face, says it
27:17
all. What is happening here?
27:20
Why am I here? Do you see the lengths that
27:22
people go through to try to convince you that Bitcoin isn't
27:26
necessary? It's insane.
27:28
It's freaking insane. Dude.
27:30
They're standing around with a weird ball.
27:32
That doesn't work. Stands your eyeballs and steals
27:35
your biometric data to convince you out of sound money.
27:38
Yeah. Okay.
27:40
And to convince you that their system, their their system is
27:43
fair. Anyways.
27:45
Okay on January 28th, negus Warren World coins, head of
27:50
growth, shared a disappointing announcement and that's January
27:53
28th of 2022 with the increasingly frazzled operators,
27:57
World coins, launch had been pushed back once more to give
28:00
the company time to deploy more orbs.
28:02
Make some of its technology open source and stop storing users
28:07
biometric data but they just said before that, the data was
28:10
safe and that they were going to delete it because privacy,
28:13
anyways, I guess that's just how it works, right?
28:16
You say one thing in one part of the article, you say another, it
28:18
doesn't matter. So this is one of the operators
28:20
who started to have a guilty conscience.
28:22
One, former operator said in an interview you're supposed to
28:25
tell people what they want to hear, not the truth.
28:29
And to this day, I still feel bad.
28:31
People may never receive the money, they were promised.
28:33
We make no warranty that we will be successful in launching
28:36
World, coin, Network or issuing. Wld tokens says a contract.
28:40
Distributors must sign before receiving the orb.
28:45
So they have to tell the end users that they're going to get
28:48
money, but these people sign a document.
28:51
When they received the orb stating that they know that this
28:55
may go straight to zero. I want you guys to think about
28:58
this, okay these are the lengths that people are going to to
29:03
convince you out of Bitcoin. We have random people walking
29:07
around with a giant that reflective ball, scanning
29:11
eyeballs. To give you quote unquote free
29:15
money. This is the timeline where in
29:17
Neko, no, and to make sure that you get your fair share of the
29:21
free money as well. How could I forget that?
29:23
How could dude Irish are need. Oh, I think you fucking nailed
29:27
it. I don't have anything more to
29:28
add to that. That was just buy Bitcoin.
29:31
You don't have to scan your goddamn eyeball.
29:33
Like, that's it. That's it like he's just crazy
29:36
man. It's crazy that they raised one
29:39
and that's some. Yeah, not shit that they raise
29:41
that money, right, anyway. Sam what That's on this saying
29:44
that but baffled by the valuation and like this failed.
29:48
I mean, how many, many months did it take for this thing to
29:50
like just blow up like three months or something?
29:53
Like, it was just like yesterday but who in their right mind
29:58
would think this was a good idea.
29:59
Like please take my eyeballs and I trust you and they give me the
30:02
free money that you just print out of nowhere like and the Sam
30:06
Altman guy. I remember it's just an ego that
30:08
like they, it's like I'm here too, they can't humble
30:11
themselves. And just, you know, Bend I need
30:13
a Bitcoin say I can't control this thing.
30:15
They're like, ah, I'm successful entrepreneur.
30:18
I'm a y, combinator guy. I have all the connections with
30:21
PCS. I'm going to create a better
30:23
Bitcoin and it's like the same shit except it's the worst
30:26
fucking idea I've ever heard in my life.
30:28
And it's not surprising to me that like, BuzzFeed breaks the
30:32
news that this thing's just so like a mess like three months
30:35
later. So, I completely agree.
30:37
I think that's exactly what happened to you on musk and
30:40
Doge. That's what happens.
30:41
A molten today. Can't.
30:43
And the fact that in Bitcoin they are like everybody else and
30:48
you must get in line. Just like Michael sealer and buy
30:51
Bitcoin just like everybody else and they can't stand that fact,
30:56
right? So they try to create their own
30:58
fucking monstrosity and it leads to fucking disaster right?
31:01
Every single time and this is just another example of that.
31:05
So yeah man, like we always say Bitcoin shines, a light of Truth
31:09
on everything but anyways feel it's time for the daily meme.
31:13
View brought to you by Citadel 21, they are the best Bitcoin
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Alright, first meeting for today is brought To Us by Bitcoin is
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saving. It's really bad for the
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environment crypto and FTS web. Do shit coins, Bitcoin.
31:45
Ha ha ha. Oh man, it's a good one.
31:49
It's a good one. The New York Post thing that
31:51
we're going to cover their on the Rock.
31:53
Okay, next one. Bye daddy Bun.
31:57
B, Coy, let's rip. I have a feeling I'm going to
31:59
take credit that. I think I inspired this account
32:02
to take his name. This is what I think Giggles
32:05
murder had or somebody had one of the plebs had the Taliban
32:08
thing and it, no, I they changed it for like momentarily and then
32:12
I I wrote it in Citadel 21. I think this guy got inspired
32:15
because I said Bitcoin that lie. But anyways tell about Bitcoin,
32:18
let's rip the veil off Taliban guy xrp dude.
32:25
Okay, check this out. Xrp is connected to the world
32:28
economic Forum. The theorem is connected to the
32:31
world economic Forum cell. Oh, come on, come on, Big
32:35
Mountain covering this, a moment to the world economic Forum
32:38
Mozilla, dude, it is. It's so crazy.
32:41
Okay. Anyways, by talk, Cat why we're
32:44
not on the credit card to shop scale yet?
32:47
Do you think people are ready to initiate contractor?
32:49
This? Let's look at their interests in
32:51
vitalik. Is that a JPEG of a salmon?
32:54
They still thinking energy money isn't good enough.
32:56
Yeah. You're right.
32:57
They're not ready ha. Ha.
32:59
All right Bitcoin Sama USD Empire dead inflation,
33:04
corruption violence. Oh that is a really good one.
33:06
I love that song by the legendary spent a the government
33:10
is racist and corrupt. They're in bed with billionaires
33:12
and corporations. Ins.
33:13
So we should tax billionaires and corporations and give that
33:16
money to the government. All right, moving on to the next
33:20
one. Bye brekkie.
33:22
Let's check it out. The name of the meme is
33:30
government's. Banning self-hosted wallets
33:32
that's very accurate. I mean actually, well done.
33:35
Next meme is brought To Us by Wall Street.
33:37
Silver media is a explanation of inflation this year.
33:40
Trump did it. It's transitory is actually a
33:42
good thing. Wouldn't, it is very true.
33:46
Alright, last but not least, what the H just happened.
33:49
Let's check it out. Ladies and gentlemen, It's my
33:54
great fucking class 1a. Q works for you but at the end
34:00
of the day, fuck you and your new world order and fuck the
34:04
horse. You rode in on and all your
34:06
shit. Shout out.
34:12
Damon Imani. Awesome.
34:14
Awesome click clip. Absolutely hilarious.
34:17
Fill. Those were some freaking awesome
34:20
memes for that. I'm going to give it a dice
34:22
roll. It's unconscious skateable dice.
34:26
I got a to, yeah, I was going to give it to you but I wanted it.
34:31
Phil, it's okay, don't worry about it.
34:33
I would have kept those two if it makes you feel any better.
34:36
Okay, so look these people are awesome.
34:38
The Troopers they sent me these stickers before we went to the
34:41
conference and that's why this score gets a Bitcoin for kiddo
34:48
sticker. That's right.
34:49
Check them out Bitcoin for kiddos.com.
34:51
Very cool. Anyway Sam what?
34:53
Give those dank dank memes. I thought the means you're super
34:57
cool. I thought there it's very
34:58
down-to-earth. So I'm giving the garden supply
35:01
company, magazine page 41, I'm giving him my bitch, 41, damn,
35:10
some awesome memes. I think that's one of the best
35:13
scorers we've actually ever had, that that's out there.
35:15
That mean, are you gonna be page 41?
35:18
Not pays 40 page, 41 guy means business.
35:22
All right, Anyways, guys, we want to know, if you agree with
35:26
our scores, you disagree, let us know down in the comment
35:28
section. Kamek, kamek, kamek comment.
35:30
And of course, make sure to subscribe to us an alternative
35:33
video platforms, like Rumble.com in a personal favorite Bitcoin
35:36
tv.com. They don't censor their because
35:38
it's Bitcoin TV and join our telegram group and link us some
35:41
think tank tank Bitcoin memes to review.
35:43
But anyway, so it's time for the Daily News brought to you by
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cloaks.com. All right, this was absolutely
36:11
completely unexpected, I'm going to explain the reasons as to why
36:16
I think this happens but this is treasury secretary, Janet
36:20
Yellen, naming, Satoshi Nakamoto by name.
36:23
And speaking of it, and this is a complete pivot from what she
36:27
did a couple months ago when she was appointed to treasury.
36:31
These are some of the comments that she did.
36:33
And she said, during her confirmation hearing said,
36:36
Yellen raised concerns around the use of Bitcoin and
36:38
cryptocurrency by terrorists and money launderers.
36:41
Yell, and say that she believes many cryptocurrencies are used
36:43
at least in, in a sense, mainly for ACT illicit Finance.
36:47
So she said that cryptocurrencies are mainly used
36:49
for illicit finance and then she kind of changes And she says
36:54
this and this was such an important moment that this was
36:57
actually mentioned by Senator Cynthia lummis, at the Bitcoin
37:01
conference she was speaking of this exact moment so I don't
37:05
know what's going on there. I suspect there's reasoning
37:08
behind it and let's get to it in comprehensive government
37:13
approach to digital asset policy.
37:17
Digital assets have grown explosively, reaching a market
37:22
cap of three trillion dollars last November from 14 billion
37:27
just five years, prior digital assets, may be relatively new
37:33
but they're part of a larger Trend.
37:36
The digitization of Finance that's been in the making for
37:40
decades in 1990, there were fewer than three million
37:46
internet users. And now there are about four and
37:49
a half billion. We take for granted that many
37:53
aspects of our financial lives, can be managed from small
37:58
internet-connected devices that fit into the palms of our hands.
38:04
This growth in Digital Services, has opened up a world of
38:08
possibilities and risks that would have seemed Fantastical
38:13
only a few decades ago Financial Services.
38:17
Along with most Industries have evolved in response to
38:22
exponential advances in computing, power and
38:26
connectivity. Most recently new technology has
38:31
raised the possibility of reduced.
38:33
The lion Reliance on centralized intermediaries like Banks and
38:39
credit card companies. In 2008, a person or group of
38:45
people using the pseudonym Satoshi Nakamoto proposed a
38:51
decentralized peer-to-peer system for making and processing
38:56
payments. A key challenge in digital
39:00
payments is to prevent the same assets from being spent twice.
39:06
The Bitcoin white paper proposed in novel method for validating
39:11
transactions using cryptography, that address the so-called
39:17
double spend problem, this and other Innovations related to
39:22
distributed Ledger. Technology are the foundation
39:26
for blockchain based digital assets.
39:30
Over. Okay so absolutely goddamn
39:34
historic. Let me kind of show you what I
39:37
think this is caused by this is this is the you know the five
39:42
stages of grief this is denial. This is anger.
39:45
This is bargaining, this is depression.
39:48
This acceptance governments are right here right now and the
39:51
bargaining stage, right? And the kind of this this stage
39:55
right here now, Here's the thing, right?
39:58
So we went from, mainly used for illicit Finance.
40:03
Why is this happening? Why is Janet Yellen changing
40:05
tune look, I have suspicions right?
40:08
First this is a, you know, an article from The Wall Street
40:11
Journal Bank, deposits could drop for the first time since
40:14
World War Two. Where else would people put
40:17
their money right now? Let's pay attention to how many
40:22
people own, you know, cryptocurrencies Bitcoin in the
40:26
u.s. write numbers from the NY dig, right?
40:29
That is the company that did the whole Coin for institutions,
40:34
when Michael sailor, did his presentation group in 2021 found
40:38
that about 22% of the u.s. adult population of roughly 46 million
40:44
Americans own Bitcoin, right? So think about it.
40:49
That's a very, very large voting Bloc and you essentially Janet
40:54
yellen's posture was what these people were doing, was basically
41:00
legal, right? So she's Changing tune a little
41:03
bit, so just kind of have that in your mind, right?
41:08
Decrease in Bank deposits even though it's too early to tell,
41:11
right? You have a big chunk of the u.s.
41:15
holding Bitcoin or buying Bitcoins specifically Bitcoin
41:18
doesn't say crypto in this. And now, what is the situation
41:22
of the u.s., right? Because they kind of have to try
41:25
to stem the flow. Right?
41:27
How do you, how do you stem the flow of people getting out of,
41:31
you know, Fiat currencies. You kind of build your own type
41:34
of cryptocurrency but it looks like they're a lot.
41:37
Many years away, right? Crypto, like digital dollar at
41:40
least several years away. Janet Yellen says, article goes
41:44
on to say, I can't tell you what conclusions, we will reach but
41:47
we must be clear that issuing, a central bank, digital currency.
41:50
Likely present a major design engineering challenge that would
41:54
require years of development, not months.
41:57
If it takes years for the u.s. government to develop a CBC
42:01
they're fucked and I think they're starting to notice that.
42:04
So what is the move? And what is the thing that they
42:07
can regulate? And we've always said this term,
42:10
we said the government's are going to go after the lowest
42:13
hanging fruit. Anything that is not
42:15
sufficiently decentralized, right?
42:17
The government could metaphorically, cut the head off
42:19
of that. So what are they going to try to
42:21
do the go after stable coins? Because the thing about stable
42:25
coins is that they provide, they give the illusion that they are
42:29
unsensible. They're unconscious skateable
42:32
like Bitcoin is but in reality, even tether tether, could freeze
42:37
your u.s. DT.
42:39
And that's exactly why the US government is gearing up.
42:44
To try to regulate it. And before I get to this
42:47
article, that's exactly what Cynthia lummis said at the
42:50
Bitcoin conference. She said specifically, the US
42:54
government doesn't want to release a lot of people in the
42:57
Senate aren't completely on board with Central Bank, digital
43:01
currencies because of the Privacy implications because of
43:06
the censorship implications, So, this article goes on to say
43:11
Washington debates, cryptocurrency, rules with
43:14
sights set on stable coins, as Washington attempts to get its
43:17
arms around rapid, the rapidly growing cryptocurrency industry
43:21
that first line should tell you everything you need to know and
43:25
this goes back to what I was saying that they're in the
43:28
bargaining phase. But remember what we always
43:31
Advocate on the show we are living through the separation of
43:35
money and state period. It's not the Raishin of money
43:39
and state kind of it's the separation of money and state
43:44
period. So they're in the bargaining
43:47
phase right now and as they get pressed more, and more into a
43:51
corner like a fucking trapped animal.
43:54
That's when they'll become more vicious, that hasn't happened
43:56
yet, and only Bitcoin will be able to protect you when that
44:01
does inevitably happen. Policymakers in the B
44:05
Administration on Capitol Hill have identified stable coins as
44:08
an initial Target for tighter regulations.
44:13
Anyways, I'm going to read you this, this passage, it's
44:16
formatted L, he tweeted it today, it's a passage from a
44:19
very, very awesome book that I recommend every Bitcoin or must
44:23
read. It's called the sovereign
44:24
individual and I think it perfectly summarizes.
44:27
What exactly is happening here. Anyways, it goes on to say, with
44:32
the speed of change out racing, the moral and economic capacity
44:35
of many, and living generations to adapt, you could expect to
44:39
see a fierce an Indigent resistance to the information
44:42
revolution. Notwithstanding its great
44:44
promise to liberate the future. The new information and
44:47
communication Technologies are more subversive of the modern
44:51
State than any political threat to its prominence since
44:55
Columbus. Sailed this is important because
44:57
those in powder Power have Selden reacted peacefully to
45:00
developments that undermine their Authority.
45:03
We expect it to be a time of great danger, and great reward
45:07
and a time of much diminished Civility, and some Realms and
45:10
unprecedented scope and others. Increasingly autonomous
45:15
individuals and bankrupt and desperate governments will
45:17
confront one another across a New Divide.
45:22
So, kind of put together everything that we've covered on
45:25
the show, right? Record-breaking inflation.
45:30
Governments are starting to go after stable coins to try to
45:33
stem the flow. I think this is going to
45:36
continue to heat up and the really the only way you protect
45:39
yourself from this. The only way that you really
45:42
find true sovereignty, that fall sovereignty that a lot of
45:45
cryptocurrencies provide, you, is by opting out taking self,
45:49
custody of your Bitcoin and you should be running your own node
45:52
as well, right? So yeah, things are heating up.
45:56
I think that stable coins in the next five years, are not going
46:00
to be the stable coins that you have today.
46:03
So you're only saving, Haven is Bitcoin really.
46:07
Anyways. Phil what are your thoughts on
46:09
this? Man, as you're reading through
46:12
that, I, I'm just sitting there thinking like they don't, you
46:15
know, it's exactly what you said.
46:17
They don't have years to develop a CB D c--.
46:20
They are, I mean, don't get me wrong, it's not to say that the
46:23
u.s. dollar is going to get crushed, right?
46:26
Because it is the current basis used you know for the majority
46:30
of the world's debt, the majority of the world's debt is
46:33
denominated in u.s. dollars. So I don't see that happening
46:38
but I also don't like Like the I don't think they're willing to
46:42
lose the ground right in developing a CBC so so what can
46:48
they possibly do? Right?
46:50
What are their options? Their option is to only either
46:55
continue the social attack on bitcoin, right?
46:59
They can, they can continue the social attack on bitcoin, see
47:01
how far they can kick. The can down the road or they
47:05
can start to embrace it as they scramble to figure out how
47:10
they're going. Going to build because look, the
47:12
government is not going to go quietly into the night, right?
47:16
They are going to desperately attempt to maintain whatever
47:19
levers of control that they can, as long as they can, I think and
47:23
add to your point. I think that Cynthia lummis,
47:25
kind of said this right where she said, this during the
47:28
Bitcoin conference where they don't want to do a central bank,
47:31
digital currency, but if you connect the dots and what Janet
47:34
Yellen was saying, like I don't think they have time to roll it
47:37
out. So what is the lowest hanging
47:39
fruit? Capture the stable coins, right?
47:43
And then essentially you have a version of a central bank to
47:46
it's like a private version of a central bank, digital currency,
47:49
which is definitely better than a CB D c--, but still, it still
47:53
allows the US government to control, right?
47:57
And it's crazy because it's exactly how they're doing the
48:00
censoring nowadays. They're not censoring directly.
48:03
They're essentially telling private companies to do it for
48:06
them. Right.
48:06
That's exactly what happened with Edward Snowden, when Edward
48:09
Snowden essentially release the thing that the u.s. government
48:12
was spying on, citizens. Whatever, that's funny because
48:16
they did a bait and switch, they just move the spine, the spine
48:21
started happening with the private companies themselves.
48:23
So AT&T, and Verizon, they started Ricola Ricola recording
48:27
the calls, right? And then when the US government
48:29
would subpoena, they would give it to them instead of the US
48:31
government directly doing it themselves.
48:34
I suspect the same thing is going to happen.
48:36
Just like in the banking system. The banking system has a
48:40
compliance system, right in Canada.
48:42
For example, when they started censoring the protesters, it
48:46
wasn't the government directly censoring them.
48:47
They went to the banks and they said, hey, could you censor
48:51
those protesters in the bouncy capital in the bouncy castles?
48:54
Right? So I suspect that the same path
48:58
is going to happen. Through stable coins, and all of
49:01
this like what? You're seeing this in countries
49:04
that are cut off from the US Financial system where they're
49:06
using stable coins to receive money from Overseas.
49:10
I suspect that will be cut off and the only, the only hope left
49:15
will be Bitcoin because it's sufficiently decentralized to
49:18
survive the onslaught anyways, Sam.
49:20
What are your thoughts on this? Yeah, I definitely agree with
49:24
what you said and it's just decentralisation is one of those
49:28
things where you don't know you need it until it's like an
49:30
adversarial environment when you're in there.
49:32
So it's kind of like a problem. You can you know you can say
49:35
your decentralized in name and like all these shit coins do Do.
49:39
But when push comes to shove, you either are or you're not and
49:42
when somebody tries to attack you, right?
49:44
And so I totally agree with you that the feds not going to try
49:47
to build their own because they're terrible with tech.
49:50
And it will take a lot longer than the Euro take, like, 10
49:53
years for them to put out like actual working product, without
49:55
any bugs or vulnerabilities in it.
49:57
So I think they're going to basically like by a private
50:01
table clean issuer. And you saw Black Rock, like
50:05
invest 400 million in circle, I think today.
50:08
And so Crack. Seen the writing on the wall.
50:10
Black rocks. Coming in there.
50:11
They're like, yo, we know exactly what's going to happen.
50:14
We're getting Arts tentacles in here in circle now because
50:18
circles, probably the best position.
50:19
They've been very highly regulated stable coin, issue are
50:24
from the get-go. So, I see that as the most
50:27
possible but plausible solution, and I think the social attacks
50:30
on Bitcoins energy usage and its volatility is going to increase
50:34
and maybe they'll try to like incentivize use of their their
50:38
CDC C /, stable coin, whatever they want to call it, I don't
50:42
know by like offering incentives like tax breaks or anything to
50:46
anything to like try to get people to buy their shit coin
50:51
instead of Bitcoin because you know Bitcoin wins out on its
50:57
monetary property. So they have to basically
50:59
incentivize some other way like hey you can eat extra meat this
51:03
month or something. Like I don't know what they're
51:04
going to do, but that's kind of what I can, what I see happening
51:08
if you behave You can get a portion of meat this month but
51:11
yeah, dude, it's just yeah, it's I do.
51:14
Yeah, man. Yeah.
51:16
Go ahead sir. Sorry, you got no, it's
51:19
absolutely crazy. This is going to continue to
51:21
heat up like we said I think it's promising that Yellen
51:26
essentially kind of took a changed her tune but again,
51:31
don't get too excited. There's a reason they're doing
51:34
that. And again I think it's because
51:36
they're not fully prepared and they don't have the political
51:39
Litical support to perhaps roll out a CBC but it like I said,
51:43
they're in the bargaining stage. So we're going to try to do is
51:46
essentially make the stable coin and extension of the existing
51:51
exclusionary Financial system that we have today.
51:54
But anyways Phil yeah, it wasn't go ahead, Sam guys, have one
51:57
more thing. I just think I just think like
52:01
yeah, I don't think Jenny on she might look like a nice Grandma
52:04
but she is definitely ulterior motives going on here, but I do
52:07
think that's the first time. She's said, The word Bitcoin.
52:09
That's why I was like she usually it's like digital assets
52:12
or crypto. I think that's like the first
52:13
time she said it and it seems like from the Biden executive
52:17
order where he liked told everyone to basically research
52:21
this stuff like that was like three weeks ago or something.
52:23
But we can expect like more education to come through and
52:28
these politicians are going to start to come a little more
52:30
educated on the entire space. And so I think that's starting
52:33
to like permeate and at least they're finally starting to
52:36
actually run the numbers of little bit and Maybe they're
52:39
going to get a little scared when they start doing that but
52:41
absolutely man I completely agree.
52:44
They're definitely in the bargaining stage but I do
52:46
anyways filled it was an open source.
52:48
Software release today, wanting to everybody about it software
52:51
releases brought to you by Cipher safe.
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53:11
All right, everyone. We've got, um, Braille version
53:14
0.4, dot 17. That was released.
53:18
It is down below in the show notes.
53:20
Don't forget, we're back. So that means we're releasing
53:24
again. On our Audio Only platforms,
53:26
don't forget to check us out. Apple podcast, Spotify, and
53:30
anchor. And if you want to stream a SATs
53:32
Fountain dot, f m, you can stream of SATs through the
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breeze wallet. Awesome.
53:37
Thank you, Phil. All right guys before We go.
53:39
I want to give a very special shout-out to our clothing,
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sponsor. Me and Phil, where the hoodies
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every single episode represent LTD.com.
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They make awesome hoodies and you can take advantage of the
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store. I also want to give a very
53:56
special shout-out to our awesome.
53:57
Guess you can give him a follow on Twitter at Sam.
54:01
Callaghan. He is the Bitcoin Analyst at
54:04
Swan Bitcoin, at simply Bitcoin where huge supporters of swan
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Bitcoin go sign up today. Eight Swan Bitcoin.com / simply
54:12
Bitcoin. Anyways guys, that was our show.
54:14
If you enjoy the show you want to do smashed.
54:16
But of course if you want to continue here in the Bitcoin,
54:19
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subscribing and I'll see you tomorrow guys for a brand new
54:24
episode to quote our awesome guest true decentralization, you
54:29
don't know you need it until there's an adversarial
54:31
environment.