Latest / Simply Bitcoin / Bitcoin Stock-To-Flow is Officially Dead | EP 526

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Bitcoin Stock-To-Flow is Officially Dead | EP 526 · Simply Bitcoin

0:04
Hi everybody. Welcome to the weekend recap of
0:07
Simply Bitcoin Ruby. Go through the Bitcoin, use the
0:09
culture, the memes, the fails, the whole nine yards.
0:12
Today we have a very special guest.
0:14
It's part of Simply Bitcoin, he just joined the Legendary
0:17
Pirate. Beach Bum.
0:19
He is taking over the simply Bitcoin sub stack.
0:22
He's going to bring you the most unfiltered pleb content ever.
0:26
Definitely want to give it a subscribe but anyways Opti It's
0:30
time for the Numbers. Number 10 brought to you by not
0:33
old, they make some of the best Bitcoin notes, like the not a
0:36
one run, your own version of Bitcoin core.
0:38
The lightning Network Jojo, and Whirlpool on the comfort of your
0:42
own home member. Guys, if you don't run your own
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Bitcoin note, you're using someone else's.
0:46
So get yourself a novel today, not all dot EU, at the time of
0:49
this recording, the price of Bitcoins at twenty thousand
0:52
seven hundred and ninety five dollars.
0:54
SAS per dollar also known as Moscow time.
0:56
Is that 4890 the matter? Coin held in corporate.
1:01
Treasuries is at 1 million six hundred and sixty thousand.
1:06
Bitcoin block height is seven hundred forty, four thousand
1:09
four hundred and ninety-one the amount of reachable Bitcoin
1:13
Odes. It's down about 100 nodes from
1:16
last time, it's about 15 thousand nine hundred and six
1:19
and the total amount of Bitcoin issued is at ninety point nine
1:24
percent absolutely crazy good numbers.
1:27
Overall moving on got some interesting Topics that I picked
1:31
because pirate was going to come on the show today.
1:33
Let me share that real quick. Alright, so check this out,
1:38
absolute clown, world's more crazy shit.
1:41
According to unusual Wales.com, 58% of Americans are living
1:46
paycheck to paycheck including 30% of those earning two hundred
1:51
fifty thousand dollars or more. That's, that's fucking crazy.
1:56
According to payments and Lending Club, cooperation
1:59
collaboration, Irving 3070 customers it was found that
2:03
Millennials are the most likely to fall into the category of
2:06
living paycheck to paycheck. But the greatest increase in
2:09
consumers, living paycheck to paycheck is among Baby Boomers
2:13
and seniors with 54% of Baby Boomers and seniors.
2:17
Living paycheck-to-paycheck, / generational, divide data.
2:22
And here is this cool little video.
2:24
Bye, Adamo, Denver Bitcoin. And it shows what, what?
2:29
The What inflation? Really looks like and I think
2:32
it's across the time fan of two years.
2:35
I can't play the video because of copyright I mean I can't play
2:39
the audio because of cock right but let's check out the video
2:41
let's let's fast forward a little bit.
2:43
Oh crap price. Holy shit.
2:48
Okay. So for our audio listeners gas
2:51
prices since January twenty, twenty two hundred and thirty
2:56
three percent increase week. 111 percent increase.
3:00
Corn, 103 percent cotton, 100% oil, 77 coffee 57 sugar, 48,
3:07
butter, 44, cheese, 30. But the good news is that orange
3:12
juice is at least 30 percent cheaper than it was two years
3:16
ago. So, connect this, what what I
3:18
was talking about here? Seventy percent of Millennials
3:21
live paycheck to paycheck, but like, I always say guys, if you
3:26
have been saving in Bitcoin, it might be a totally Different
3:30
story. So pirate, this sustainable
3:34
brother things don't look. So so good right now.
3:38
I don't think it is sustainable and I don't think we've gotten
3:41
to the worst of it yet because a lot of the Gas and energy
3:45
prices. They haven't really been
3:48
factored in and they keep on going up almost like hockey
3:51
stick. And so when you start to add all
3:54
this stuff in, it starts to compound because as you know,
3:58
Gas and energy Our, what it takes to basically do anything
4:03
to run any business. And so this is just going to
4:06
spiral and I'm not a doom and gloom, ER, like some people but
4:09
like, I'm a, I feel like I'm a realist.
4:12
And I just believe that probably around the fall time, we're
4:17
going to really see a lot. More pain will see definite.
4:22
I don't think it'll be death and destruction, but I think we'll
4:25
see some real significant pain in the markets and in just in
4:29
people And people's pocketbook because they just people can't
4:32
afford this like know who can afford six seven dollars.
4:35
Worth of gas are $7 a gallon of gas.
4:37
They can. And unfortunately, the people
4:40
that are hurt the worst are the people that make the least
4:43
amount of money. Absolutely.
4:46
And you kind of connect that with the fact, it's really
4:50
tragic, especially for the older generation.
4:52
Write it, you know, according to that data, bye-bye unusual.
4:57
Whale.com. Right?
5:00
Of Boomers, don't are living paycheck to paycheck.
5:03
They're the people, what you said.
5:04
They're the people that can't afford this type of situation,
5:08
the most, right? So anyways Opti, what are your
5:11
thoughts on this? My friend, man, I saw that chart
5:15
today and it's absolutely amazing how high the inflation
5:20
is gotten. And, furthermore, guys remember
5:23
how much they've gas-lit us about the inflation and the hard
5:26
numbers are atrocious and then just On the point of the Baby
5:31
Boomers and seniors citizens living paycheck-to-paycheck.
5:34
First of all, that's absolutely like mind-blowing that the Baby
5:39
Boomers, the richest generation are so over-leveraged trying to
5:43
keep up with the Joneses that they don't have any money left
5:46
and just add a personal note. My grandma passed away a few
5:51
years ago and at the end of her life, she was one of these
5:55
statistics where she thought she was, you know, set up by the
5:59
government. And and her social security, and
6:01
all our Medicare was what supposedly working out and it
6:05
just it will. There was no money left for her
6:08
at the end. So I can personally say, you
6:11
know, as an anecdote, that I've seen this happening and it's
6:15
incredibly sad, so to see it at large and it's, it's just not
6:20
looking good. It it's it's going to be it's
6:23
going to get really bad. Like pirate says and and all
6:26
those people wishing for their government money at the end of
6:29
their lives. And it's just not going to be
6:31
there and it's incredibly sad. Yeah, and let me just go over
6:35
some, some, some data in terms of the Bitcoin price, right?
6:39
If we go back, two years ago or in June right now, the price of
6:43
Bitcoin in June of 2020 was at 9000 between 9,000 and nine
6:52
thousand US dollars, right? So again, I think that the
6:55
highest thing the highest percent increase their and In
7:00
those numbers was about a hundred percent.
7:02
It was, oh, gasps. What gasps was 233, right?
7:05
So again life we always make the argument for right, is that
7:10
life? Just gets cheaper.
7:11
If you if you save in Bitcoin, Bitcoin is the best savings
7:15
technology there is. Yeah of course.
7:18
There's some people going to that are going to say, oh wow,
7:21
big coins down, 70% from all-time highs, perhaps the
7:25
year-on-year volatility. It's not it's you know, it it's
7:30
It could definitely hurt, right? But you can't deny that on a on
7:34
two, three four year time scale. Just Bitcoin is just far better
7:39
as a money, right? Anyways Opti, one thing I want
7:43
to add. Go ahead, go ahead pirate.
7:45
Yeah, one thing I want to add is the other thing that will
7:49
compound. This is like, 401ks are have
7:53
just taken Pension funds. All those, you know, all these
7:56
retirement funds? They've taken an incredible
7:58
beating probably A drawdown of 20 to 40% depending on what kind
8:04
of stocks and bonds you're holding.
8:06
So you add that these are, you know, the Boomers / seniors,
8:10
senior citizens. These are the people that are
8:12
living off fixed income. They've saved they worked their
8:14
asses off all their life and they were just, you know, they,
8:18
they invested in all of these, various stocks and bonds that
8:21
were kicking off dividends and all of a sudden they're seeing
8:25
that their nest egg has shrunk by 30 percent value.
8:29
Compound that by rising, Rising fuel, Rising energy, Rising food
8:34
prices, inflation, on all levels.
8:37
And to me, like, this is really scary and like, I see it with my
8:41
own family, just like I have a, I have a step, Grandpa step,
8:47
father-in-law who is retiring and he's now saying hello, man.
8:53
I'm going to have to get a job and like, here's this guy like
8:55
last year if we talked, he was excited about retirement within
8:59
the last couple of Months like he's stressing out going maybe I
9:01
should stick around a little longer and like that's just not
9:04
fair and it's really sad and this is just going to compound.
9:07
So anyway yeah it's we're in a really interesting time and it's
9:11
going to be kind of scary watching it play out.
9:15
I absolutely agree. I think it's definitely scary.
9:18
I think you could definitely had yourself a little bit though
9:21
saving and Bitcoin. I think Bitcoin is really going
9:23
to show its benefits its strengths, especially over the
9:27
next coming years. But anyways, Is time for the
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All right, so, this news drop last week and I think it was, I
9:57
wouldn't call it scary, but I would definitely, Only say that
10:01
the days of Bitcoin flying under the radar are definitely
10:07
definitely coming to an end. I think that Regulators because
10:10
of you know this defiled, this shit coronary all the scams
10:15
right? Or really starting to focus on
10:19
bitcoin and shit coins. And there's also collusion,
10:23
there's also they're working Regulators from different
10:26
International organizations are working together.
10:29
Is really rare. I don't see that often, right,
10:32
but I think it's happening because of the fact that Bitcoin
10:36
and shit coin, and all these things are borderless.
10:38
So, anyways, let's check out some of these article.
10:41
This article request. I'm going to read some of it,
10:43
then I'm going to ask pirate what he thinks.
10:45
I always, you know, pie it always calms me down when I'm
10:48
like, dude, they're gonna ban it.
10:50
You know, and he's always liked Niko, you know, this is what
10:51
they want. Right?
10:52
So I definitely want to evaluate his opinion when it comes to the
10:55
stuff. So anyways, let's check out this
10:57
article. It's on law. 360.com Name.
11:00
The article is Global Securities, Watchdog charts out,
11:03
crypto roadmap, a global markets, Watchdog said Thursday,
11:07
that it will deliver policy actions by the end of next year
11:10
to help security Regulators improve oversight over of
11:13
digital assets. Focusing on crypto products and
11:16
decentralised finance systems. The international organization
11:19
of Securities Commission. Said that said the reports will
11:22
be generated by fintech focused force.
11:25
That was formed in March by its board of directors.
11:28
The task force agenda will I'd iOS Co policies for the near
11:32
future. IOS Co ambitious roadmap.
11:36
Will deliver the global policies needed by Regulators to address
11:39
the considerable risks arising from a rapidly developing
11:43
complex opaque crypto asset ecosystem while preserving the
11:48
societal benefits of innovation. Actually Adler iOS Co chair and
11:53
the CEO of the Hong Kong Securities.
11:54
And Futures commission. Commission said iOS CEO is
11:58
developing its so called roadmap at a time of unprecedented
12:02
turmoil for crypto markets, some crypto Focus lenders and hedge
12:06
funds have filed for bankruptcy or liquidated while Flagship
12:10
digital currency Bitcoin is down more than fifty percent
12:13
year-to-date. So again all the shit coins, all
12:16
the scam. So whatever.
12:18
And what happens is that, a lot of these Regulators, a lot of
12:21
these older people. They combine both Bitcoin and
12:24
shit coins even though we know it's clearly different, right?
12:27
But in the eyes of regulators, they don't see it.
12:29
Away the project on crypto assets which will examine the
12:32
trading platforms for digital assets and the potential for
12:35
Market manipulation as well as safekeeping and custody concerns
12:38
will be led by the UK's Financial conduct Authority.
12:42
Here's the signal guys. The US Securities and Exchange
12:44
Commission will lead work on the defy project which will examine
12:49
stable coins, crypto lending, and borrowing platforms as well
12:52
as the interactions between defy and more traditional financial
12:56
markets. Now, defy we've always said defy
12:59
isn't really Defy its centralized, right?
13:01
So we've always said on this channel that it will inevitably
13:05
be captured by governments same as stable coins.
13:08
And it's not a it's a coincidence that the SEC is the
13:12
one taking lead on the stable coins, right?
13:15
The u.s. dollars a global Reserve currency that US
13:17
government has a lot of power because of that it obviously
13:20
wants to bring the stable coins under its under its visor under
13:24
its under its power, right? So that makes sense.
13:27
But another thing that I want you guys to pay attention to
13:29
It's two different International bodies working together on this
13:34
right? UK taking care of digital assets
13:37
including Bitcoin and the UN the SEC looking into D, find stable
13:42
coins, both projects, call for reports, with policy
13:45
recommendations to be published by the fourth quarter of 2023
13:48
iOS. CEO said it will consult with
13:51
International bodies including the financial Standards Board
13:54
which recommends which issues recommendations on financial
13:57
regulations iOS. And here's another piece of
14:00
signal guys. Advises Global Security
14:02
Regulators around the globe. Through non-biting
14:05
recommendations, its members include Regulators that oversee
14:09
some 130 jurisdictions or 95% of the world's market.
14:14
So it doesn't matter where you're watching this from or
14:17
where you're hearing this from. That piece of news is most
14:20
likely going to affect you. So pirate what are your thoughts
14:26
on this bro? Like what's going on here is
14:28
this is Noise is this signal? What's going on?
14:34
There's two ways to look at this.
14:35
Okay, so I hate regulation. And of course, you know, it's
14:41
it's it's always kind of scary because you just it's you've got
14:45
a bunch of students who are making policy decisions who are
14:50
very uneducated and that's never good.
14:54
And you have personal bias injected, you have like the
14:57
lobbying efforts of Various people with their agendas.
15:01
So it's a lot of uncertainty. So uncertainty is what breeds
15:05
fear and that's what gets everybody's like, you know, that
15:09
feeling in their, in their, in their gut of like, oh shit, this
15:12
isn't good and it isn't good. I mean, I wish we could operate
15:16
and a perfect world where, you know, we were untouched and free
15:19
market could decide but in reality that's just not how it
15:23
how it works. So here's another take on it.
15:26
This is inevitable, we've known this has been inevitable.
15:30
For years and we thought it was going to happen.
15:34
We thought we would see stronger regulation a couple of years
15:37
back. And, you know, we've just seen
15:39
these like little bit of almost like kicking the can down the
15:42
road, we'll see how this all plays out.
15:45
But as we got into this last bull cycle and what we've
15:48
watched with the implosion of, you know, what is it Celsius and
15:52
Luna and all that crap. Like you know, there's a lot of
15:56
people who are who are scamming straight up scamming not I mean,
15:59
people have been scamming for years but the scams are just
16:01
getting bigger and bigger and bigger.
16:03
And so to me like this was an inevitable and this is like
16:09
there's no way to not have this this critical juncture in the
16:15
space that we're in right now. So I think actually as we move
16:19
through it and hopefully it won't be as bad as we think it
16:22
is and as we get through it I feel like it's going to open up
16:28
way more opportunity for Bigger entities to get into Bitcoin and
16:33
these other various cryptocurrencies and so to me,
16:37
like I kind of have a an open mind about it.
16:42
I, of course, I don't like it, but like I said, we have no
16:44
choice in this. It's going to happen but the
16:47
sooner that we can get through this and kind of figure out
16:51
where, you know, the cards will fall.
16:54
I think they'll be opportunity in it.
16:57
So some in a way, I have to say, embrace the fear.
17:00
It's normal for everyone to be fearful and to not like this.
17:04
But like I said, we have no choice in this.
17:05
They're going to do this, no matter what they're going to
17:07
ramrod this shit through. And there's going to be shit
17:09
that we don't like, but I also believe there's going to be some
17:12
opportunities that stem from it. And who knows?
17:14
This could actually have a positive influence on price.
17:18
Now, worst case scenario, you know, I feel like if out of all
17:23
the all the different currencies out there, I feel like Bitcoin
17:26
is probably the safest. So, I'm more optimistic for
17:31
Bitcoins future and less optimistic for some of these
17:35
Shady or projects that are that are literally just leveraged
17:39
freaking scams. So, you know, I hope, I hope
17:43
people see the both sides of it, but like I said, we're going to
17:45
have to embrace the fear, and we're going to have to roll with
17:47
it. Yeah, I 100% agree and just to
17:51
re-emphasize, right? Like they can regulate the on
17:54
and off ramps, which is what they're going to do, but they
17:56
can't regulate Bitcoin and I think that what you said,
18:01
piratas as this was inevitable and as more and more regulation,
18:05
you know, comes in, as more people decide to opt out of, you
18:09
know, the traditional Financial system.
18:11
Governments are going to capture anything that centralized that's
18:15
defy that that's inevitably the stable coins, right?
18:19
Anything that has a metaphorical head to chop off their going to
18:22
inevitably get it's just a matter of time and I think
18:25
that's where Bitcoins decentralization is really going
18:29
to shine. Always up to you want to chime
18:30
in on this. Well, I really loved Pirates,
18:35
very level-headed. Take of this on both sides
18:38
because it's usually not. Not that level-headed, but I
18:41
agree man. Like Bitcoin, hit the mainstream
18:44
and whether we like it or not they're going to regulate it.
18:48
Let's just hope that they don't over regulate it and mess
18:51
everything up around here. So that's the only thing I can
18:54
add. You're muted.
18:59
I definitely agree with that. Anyways, moving on to this next
19:03
part. Definitely want to check it out.
19:06
Pirate, he's writing for he's not even writing, he's literally
19:12
the the lead of the simply Bitcoin dot news site simply
19:17
Bitcoin sub stack. He's been writing some killer
19:20
articles. We've been we've been promoting
19:22
them right. The bear Market Diaries or
19:24
pirate interviews real plebs gets Takes.
19:27
And that will definitely help a lot of you guys in, especially
19:31
if it's your first bear market experience.
19:34
And, of course, he's been exposing a lot of the bad
19:38
players in the space. And I think that's something
19:41
that that's unique to Simply Bitcoin.
19:44
So, I definitely want to cover this article.
19:46
It's called stock to flow is officially canceled and I'm
19:51
going to ask Pirates have questions about it.
19:53
I'm obviously, I don't want to ruin it for you guys, I want you
19:56
guys to read The entire article will be released this week but I
19:59
am going to go through some of the, some of the titles or the,
20:04
I don't know, what would you call it pirate?
20:08
I don't know, the paragraph, the pair, the headers.
20:11
Yeah, some of the headers, right?
20:12
And then, you know, we'll Riff on that.
20:13
We'll try to get through a lot of it, but anyways, let's get to
20:17
it. So first header is called
20:19
exponential growth, hope IAM. What does that mean?
20:22
Pirate, Well, I mean in this space are in Bitcoin.
20:28
I hate the word space, but sometimes there's no other word
20:30
that I can really call it. You know, there's so much hope
20:35
IAM being sold like that's what every influencer every company
20:40
they just want you to feel like you're going to 200, you know,
20:43
200 Grand what, and 1 million dollars, and you see all these
20:47
people who making these like crazy bullish calls.
20:50
And I'm sure at some point, we'll get there but I call that
20:53
exponential opium. And stop.
20:55
The flow was exactly that and it was a very well, orchestrated
20:58
effort to push this. This idea of the stock to flow
21:06
model which we in reality was a misapplication of the stock up
21:09
stock of the stock to flow they that is been traditionally seen
21:13
in other markets. And so, when stock the flow, you
21:17
know, was being peddled on, you know, by all The Usual Suspects,
21:21
I mean it was almost embarrassing.
21:24
Being like and and for me, like, I just looked at that, and I'm
21:27
like, man, like of course, like, I got excited at first, but but
21:31
I was like, I want to look here here this out.
21:33
And the more that I heard it out, it just, it really just
21:36
didn't seem real. Like it just was like, yeah.
21:39
Okay, that's nice. And then they would, they would
21:42
pull up these charts or these fancy colorful th arts and be
21:45
like, look, it's following it perfectly and granted, it was
21:48
like, it was totally following it.
21:50
So that just kind of perpetuated the the hype and the And the
21:55
Hopi. Mm dream.
21:55
So that exponential hope Ian was just people as they as the price
21:59
was going up and there was a group of us, a lot of plebs,
22:03
some some, you know, bigger players in the game, who looked
22:08
at this and just saw it for what it was.
22:09
Now there's always going to be, you know, very eloquent
22:13
bullshitters on both sides and so but for me, I looked at this
22:17
and I was just like you know, like this is dangerous.
22:20
Like I've seen this play out before in other other cycles and
22:23
here we all these people really pushing this stuff you know and
22:29
and really they're just winging it and guessing it and when
22:32
everybody gets into that group think mentality and and
22:36
everybody's just like we're going to 100K we're going to
22:38
200k because you know this person says so and their graphs
22:42
are so good and and they're on you know 50 podcast and
22:46
everybody's just you know that mean even down to one of the big
22:51
influence where's was showing the dudes hacks and it's like To
22:54
me, that's exponential opium. And that's what their Shilling.
22:58
And and I mean of course, if it would have worked out, I would
23:02
have literally said, okay, I was wrong, but that's my beef.
23:06
Is it didn't work out, it broke and these people, these people
23:11
never like backtracked and said, he'll you know what?
23:14
I was wrong. That was really bad.
23:15
I got carried away kind of thing and that's kind of what the
23:17
premise of the article is. Yeah, absolutely.
23:19
I think you, I think the next part that the next header Is,
23:25
you know it's a perfect segue for that and actually tweeted
23:28
this out a couple days ago, the only people that got it, right?
23:33
Where the people telling you to dollar cost average, but even
23:36
the people that got it wrong, they still get to keep.
23:39
They still got to keep their their followers for all that.
23:43
Right? And the next part is called
23:45
unethical silence. So I think you touched upon that
23:48
a little bit pirate, why don't you elaborate Yeah the unethical
23:53
silence is exactly that like there was a lot of very big
23:56
accounts that are very well respected who once the model
24:01
broke, they just kind of like left it.
24:03
And that silence is is what really was upsetting to me?
24:08
Because what they don't realize is like, there's a lot of people
24:11
who are very naive and new to this game and like when you sit
24:15
there and just consistently shil, you know, this this Hopi.
24:20
Mmm. Of huge price predictions.
24:24
It gets in people's heads and people make like purchasing
24:28
decisions based on it and everybody's an adult and this is
24:31
the this is the learning part of it, everybody's an adult and so
24:34
they make their own decisions but it's like it's kind of
24:37
reminds me of last cycle where you just have like I call them
24:42
the pied. Pipers they're just playing
24:43
their little flute marching along and all the all the kitty
24:46
cats are right behind them marching out of the city but in
24:49
this case like they literally marching these people off.
24:51
Off a cliff. Now, if you bought, you know,
24:54
Bitcoin at a 60 Grand or 50 Grand like and you have the
24:58
ability to hold it, you know, through this bear cycle.
25:02
I mean you'll come out on the other side fine but let's be
25:05
realistic. A lot of people don't have that.
25:07
A lot of people don't have that time.
25:09
They need that money at some point.
25:11
This was like they were just looking to make some cash and so
25:15
when you know you have price prediction saying 100K 200k like
25:20
you know, You're just like, oh man, this this model is perfect
25:24
and you have like, huge accounts like huge accounts, like
25:27
literally saying like, oh, this is perfect.
25:30
And these people like these people are heavy players in the
25:33
game and you know they invest in all the Bitcoin startups.
25:37
So they you know, people seem to think these people are credible
25:41
and so they follow what they say and so when all this imploded, I
25:46
saw various you know, a couple people did admit they were
25:51
wrong. But what they did was, they also
25:52
cherry pick the parts that were right and they tried to
25:55
rationalize it, whereas some people just went dead silent on
25:58
it and then you have some other ones who tried to explain it
26:01
away and say, oh yeah, this is just a Black Swan event and this
26:05
you know, the model would have worked out and it's like, no you
26:07
can't you can't play it like that man.
26:09
You were wrong like just own it like it's not it's not even a
26:12
big deal. That I mean it is a big deal
26:14
that you're wrong but like I would respect you more if you
26:17
just like said hey guys I was wrong this just blew up in like
26:21
I fucked up. You know what I mean?
26:23
And I learned a valuable lesson from this and we can all learn
26:26
from this and you just didn't see that.
26:28
And to this day, I still see people Schilling that stuff and
26:33
people still saying oh but it was such a great model and all
26:36
that is is like indoctrination, in my opinion it's the same
26:40
indoctrination that you see on, you know, political stuff,
26:44
other, you know, other stuff like covid related stuff.
26:47
It's the same indoctrination. Like to me, it's like, I see how
26:52
groupthink is a cancer in the space and so that's what the
26:55
whole premise of this article was, is to basically call it
26:59
out. And the most importantly, I've
27:01
got a group of plebs that are that are finding all the
27:04
receipts and who are passionate about like these issues.
27:08
And you know, I used to sit here and write a tweet and a tweet is
27:12
so small and people just want to be like oh man you need you need
27:15
to do you need to do more on this and so that's what this is.
27:18
I finally just expanded on my tweets and And I have a group of
27:22
people who are helping me find doing all the research for this.
27:25
And and so I'm not necessarily calling anybody out in
27:29
particular, I'm basically calling out what happened and
27:32
then I'm providing the receipts of and you can read it for
27:35
yourself and anybody with a logical bone in their body, can
27:38
look through it. Be like, whoa, I never realized
27:41
that like these people were the circle.
27:44
Jerk was like this invested together and they had this much
27:48
power to manipulate the masses. Absolutely.
27:51
And you know what, I think you really hit the nail on the head
27:54
pirate and like from the beginning, we've tried to on the
27:58
show, stay the hell away from any type of speculation and very
28:03
early on, we were actually blocked by the creator of this
28:08
whole thing and because we took Cory side, right on the show and
28:14
Cory was calling out that scam from from very early on, but
28:18
it's funny and and Reason I'm saying that is to segue into the
28:22
next point, is that the guy that I think he has, he has like, I
28:25
think he has like a million followers now on Twitter.
28:29
He actually started monetizing from all those accounts.
28:34
Pirate, why don't you touch upon that a little bit?
28:37
That was kind of one of The Inspirations like, Cory is like,
28:41
I like Cory because he has actually the stones to actually
28:45
call out this stuff. And he takes a lot of heat and
28:47
he called it out. And he did a really good job.
28:49
He's very sharp guy. A lot of people didn't agree
28:52
with them and he was right. And, you know, and he he
28:57
actually posted a tweet showing how that the guy who created
29:04
this whole thing, you know, he's chilling.
29:07
The exchange links now and he still like, perpetuating this
29:12
thing. He's still pushing it.
29:13
Like he's, he is, he's basically saying oh yeah, you know, it's
29:18
it's broken but the Black Swan event broke it and I can't,
29:22
like, I can't even like, I can't even take it seriously because
29:27
like it was stock to flow. Then it was thought the flow
29:29
acts when it started to, you know, break down and then like
29:33
it broke down and like the dude went am IA and now he's back and
29:38
it's like to me like this is a joke, why isn't it?
29:40
Why aren't all these like big podcasters?
29:42
Having him on and calling him out?
29:44
Like because that's like what real journalism is like hey,
29:47
what went wrong. It could, it doesn't even have
29:48
to be nasty. It has just like, like, where is
29:52
the accountability is what I'm trying to say.
29:54
And that's what this article is. It's about a An ability.
29:56
It's like how can you guys just do this and like I guess that's
30:00
my beef with all this and like I don't like to be Affiliated.
30:03
I like you guys and I like working with you all because you
30:06
guys don't make these same mistakes.
30:08
You guys are more you guys are pleb oriented and and so to me
30:12
like I'm just a regular person who you know has been stacking
30:17
Bitcoin for a while and I've been through some Cycles.
30:20
I know that I know I know a little bit more than I knew last
30:25
cycle. All I'll say, I don't know at
30:27
all, but the one thing I do know is I know how to spot bullshit
30:30
and to me like what I see is the biggest cancer and like the
30:34
biggest problem in this this. And with this whole thing is the
30:39
power of the circle jerk. And people think that's like a
30:42
joke or like, we're just being mean and it's not, it's actually
30:46
really, really dangerous. Like these people.
30:49
They literally will get these other people on their podcast
30:54
and, and then they go on. Free podcast and they push these
30:57
same narratives and then people react to those narratives and
31:01
they hype these people up and then they're all just hyping
31:04
this up, hyping this up, hyping this up and then when people get
31:07
rekt, these people like they don't do anything.
31:10
And then when when the people who are Rector upset and start
31:13
like getting pissed off about it and calling them out, then
31:17
they're like oh they're mean they're toxic.
31:19
But it's like fuck you guys. You guys literally freaking
31:23
drove these people off a cliff and you don't Even have the
31:26
balls to like, address it and be humble enough to say, hey, like,
31:31
you know what, we screwed up and or not, I mean, none of them,
31:35
like, there's maybe a couple of them you kind of did, but even
31:38
with that, they're like, oh well, it got so many people into
31:40
Bitcoin like, okay. So you basically are using a
31:43
broken model that and you're saying it was okay because it
31:46
got a lot of people into Bitcoin.
31:48
Off of a broken model. Like how is that logical?
31:51
Anyway, I hope I made my point, I hope that this article that
31:56
when people read it they can see see it for what I see it as and
32:02
and I'm sure that there's some, you know, there's some people
32:04
who are still holding on to that model, but like I don't care
32:07
like, if that's where your head's at and you were still
32:11
like addicted to that opium dream.
32:13
That's fine. But you don't need that model.
32:16
Like everything you feel like we know Bitcoin is.
32:19
Going to go hyperbolic at one point and at the end of the day
32:23
I'm sorry. Parabolic and hyperbolic it's
32:27
going to go parabolic and so like you don't need that that,
32:31
you know, that that model to tell you this.
32:34
So and what I'm afraid of and mark my word we can just
32:38
actually remember this from this podcast.
32:41
I guarantee you as soon as the market starts heating up again
32:44
The same people are going to be like stack to stop.
32:47
The flow is back on its back, on its going to be like the
32:49
Undertaker, you know, how he comes.
32:52
You resurrects himself like because this is their grift.
32:55
This is how they get eyeballs. Like, selling hope IAM makes
32:59
these people money. And so, to me, it's like, so
33:03
it's very nuanced, but it's so unethical.
33:05
And it's sad to me that that people are so sheepish and and
33:09
got so caught up in this. But I don't blame the people who
33:11
got caught up in it, like they were just they were They were
33:15
feeling the vibe of freaking Hopi.
33:16
Mm, yeah. I you know I agree.
33:19
It's definitely a shame. I think though a lot of people a
33:23
lot of people that got into this are not going to buy into that.
33:26
The next time I think I think what you're doing pirate is just
33:32
so important calling out and you know, to I blamed myself a
33:38
little bit because a couple days ago, I was one of the part, one
33:41
of the people that was selling like pirate, like, holy crap.
33:44
amount of flack that we're going to get from this is is going to
33:48
be crazy and pirate really had to fuckin slap me across the
33:52
face over the phone and be like, yo, Do you want to take a
33:57
principled stance? What are you really in this for?
34:00
And and you know what, I really agree.
34:03
I really agree. I think it's I think it's really
34:05
important to call out this bullshit for what it is, because
34:10
if nobody does who is right? And a lot of people are really
34:14
into Bitcoin for the Fiat games rather than the Revolution.
34:19
And I think that as long as, as long as there isn't principled
34:24
people in this fight, Don't think it's a fight that we can
34:27
win. So yeah, man.
34:30
Good stuff. The article is going to drop
34:33
this week guys. So definitely you're definitely
34:36
going to want to check it out. We're going to you know we're
34:37
obviously going to promote it from from our accounts on
34:40
Twitter from the simply Bitcoin account.
34:42
Opti you want to weigh in on this brother?
34:45
Yeah man first of all I want to give pirate a shout-out for
34:49
being one of the Godfather pleb. Oh geez.
34:52
He's been doing this forever and guys, you definitely need to go
34:56
read. And what he's writing and
34:58
secondly you guys just gave me the chills man, like so much
35:01
signal right there. I can't even recap what you guys
35:04
are saying because it's just the vibe.
35:06
But today I jokingly put out a tweet in the same vein of like
35:12
the classic cliché, a a line. Like, you know, I'm an alcoholic
35:17
and I did. Hello.
35:18
My name is Optimus field and I fell for the stock to flow hope
35:21
IAM. So, the joke is guys.
35:25
Like I am a bullet are You give me some good hope IAM.
35:28
And of course I'm not going to look into.
35:31
I'm just like yep. Bitcoins going to the Moon, tell
35:33
me about it. So I agree.
35:36
We all probably got caught up in the hype, but I think pirate
35:40
makes a like, the most poignant point you can of like, look,
35:45
we're all human. If you mess up acknowledge it
35:48
and just keep it moving, like, sweeping sweeping your mistakes
35:51
under. The rug is why people call you
35:53
out and why your reputation takes a hit.
35:56
So That's in there guys lesson, but I want to give simply
35:59
Bitcoin some credit because we have never speculate on this
36:03
channel. And we have never told you any
36:06
time where we think the price of Bitcoins going to go.
36:09
And the reason that we decided upon that very early on is
36:13
because absolutely no fucking that, no one knows where the
36:15
fuck is the price of Bitcoin is going to go.
36:18
So, so tutor, own horn, a little bit, simply Bitcoin got it,
36:21
right? Because the only thing that we
36:23
advocate for strongly on the show is What Odell we says stay
36:28
humble stack SATs. That's really, that's really how
36:32
you win here. Everything else is a gamble.
36:35
So yeah. But anyways Opti I got one more
36:38
thing. I wanted to add real quick.
36:40
Go ahead, pirate. So real quick I'm nobody
36:45
special. Like I don't I'm not here to get
36:48
clout, I'm not here for any of it and so to me like if I upset
36:52
some people, I just don't care. Like I really don't like I'm not
36:56
here. To try and shit on anybody.
36:58
But what I'm trying to do is provide a some signal that's
37:03
like, from a, from a regular hardworking person who has been
37:08
manipulated myself in the past, like, previous Cycles.
37:12
So that's where this comes from number one.
37:15
Number two, I'm not upset like, I get it like opting, like, you
37:22
know, I love bullishness myself. Like I just what I was And it
37:27
says I did not need, I didn't need stock to flow to make me
37:31
bullish is what I'm trying to say and and so anybody who got
37:36
sucked in to stop the flow like it's really not your fault but
37:40
like if you choose not to learn from it and you do it again then
37:43
it is your fault and you got to realize that like Bitcoin and
37:48
when you when you start to see exponential growth in something
37:50
like we just saw on this last you know, bull market, it plays
37:54
with your emotions. It does it even me?
37:56
Like it plays with everyone's emotions.
37:58
So when you start to feel that way, you got to understand that.
38:02
Like, okay, we are kind of in dangerous territory and so the
38:05
people that start really just like banging a drum and like
38:09
almost like it and putting people into a trance almost like
38:13
and marching them off the cliff. Like I was saying like those
38:15
people, in my opinion are dangerous.
38:17
Now, if like I said, if they would have come back and they
38:21
would have owned it and they would have just like, fessed up.
38:25
I'm like cool, man. Like we all like, we all Caught
38:27
up and I respect that so much, but that's the problem.
38:30
None of them did that. And so when this was all going
38:32
on when stock the flow like I don't know, there was a few of
38:35
us like plebs and some big follower accounts who who would,
38:39
you know, talk smack about it. But like like I I'm kind of a
38:43
person who likes to joke. So like I just came up with a
38:46
sack to flow and and that was like that's where I came up with
38:49
the idea that when my balls tingle like the price goes up
38:53
and and all I would literally do is like I would just look at I'd
38:56
really Good news. I look at the market and I'd be
38:58
like, hey, my balls are tingling and the price would go up and I
39:01
was right 90% of the time and, and like the stock, the flow
39:05
people would get so mad. But I would use that to mock
39:08
them because I thought that was so stupid.
39:11
Like, I just thought what I just could, I don't know, like, I
39:13
just could feel that there was something wrong with that model,
39:16
and then also reading a lot of the people's rebuttals, you
39:20
know, Cory stop. There's a few others that did
39:22
really good jobs. I quickly realized that, you
39:26
know, this This is really just a hope IAM cocktail being sold the
39:29
people. And so I started speaking out
39:31
against it and I took so much heat and the other people that
39:36
were with me, Dieter some other there's some other people that
39:39
were that took a lot of shit and so this isn't a Victory lap for
39:43
me. It isn't a Victory lap in any
39:45
way. It's more about like you
39:47
motherfuckers were wrong. You have no backbones because
39:50
you won't admit that you are wrong and because you won't say
39:53
it's canceled, I'm going to come out and say, you know what,
39:55
stock the flow. Is officially canceled Opti.
39:58
It's time for the daily fail brought to you by Swan.
40:02
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40:07
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40:20
All right, what's up guys? You already know.
40:22
It's Opti. I'm here to take over for Phil
40:24
today so I'm doing the Male and this weekend, we had an update
40:30
on a failed that we covered a few weeks ago.
40:33
So I'm going to cover the beginning of the fail and then
40:35
I'll give you the update and we'll get into some more stuff.
40:38
So here's a tweet that we covered last week or two
40:41
weekends ago. Here's the CL Cohen flex.com.
40:44
And this is, of course, the whole Roger ver, debacle with
40:49
coin Flex, this whole thread basically saying that Roger
40:53
Burrows coin Flex 47 million. Dollars he got liquidated on his
40:59
trading Martin called, but we went over that a while ago so
41:04
this weekend we got an update on what happened or at least from
41:07
the coin flick site. But there's there's there's some
41:12
signal in here for a complete fail, but I really like this
41:15
very beginning. I'm sorry, I'm sorry that we're
41:19
in the situation, it just reminded me of the South Park,
41:22
you know. I'm sorry.
41:26
Anyways as Say right here. One of the main reasons for
41:28
their lack of response in the last two weeks, is that they've
41:31
been looking for company / Partners to invest in coin flex
41:35
and have often been under nda's with them.
41:38
So their AIM now is to be as transparent as possible going
41:42
forward. So, here we go.
41:44
How did they get into the situation?
41:47
So you can see there's been a lot of commentary on social
41:49
media around the subject. But it's, well, we're
41:51
summarizing our position on the matter here in this update, they
41:55
didn't name Roger. Over.
41:56
But everyone knows that they're talking about Roger ver and ago,
41:59
a large individual customer had a written manual margin
42:03
arrangement with coin Flex, unlike normal users, who are
42:06
automatically liquidated, when their margin ratio goes below,
42:09
our minimum requirements users on manual margin have a grace
42:13
period, to send more collateral in support of their position.
42:16
Prior to it being liquidated, the customers privilege came
42:20
with the requirement that the customers personal are the
42:23
customer, personally indemnifies us for shortfalls in His account
42:27
following the liquidations of his position.
42:30
It's a very important point right there.
42:32
Unfortunately, this customer failed to honor his obligations
42:36
pursuant to his agreements and their lawyers have taken action.
42:40
So, as we said, the first time we covered this, they estimated
42:47
that Roger Birds liquidated collateral was around 47 million
42:51
dollars, and that, that's what he was showing coin flexor for
42:56
Or /. This contract.
42:58
Well, over the weekend, they finally fully liquidated this
43:03
position and it turns out that this liquidation created.
43:08
As you can see a final desperate deficit of 84 million dollars
43:13
for this account. So the individual first asked us
43:16
to liquidate his account but then continue to tell us for
43:19
some considerable time afterwards that he wanted to
43:22
send significant funds to The Exchange to take physical
43:25
delivery of the futures. Shin it is clear to us now that
43:28
he was wasting time in a hoping for a bounce in the market that
43:31
never materialized, we tried to liquidate his account in a
43:35
prudent. Man are using counterparties on
43:37
the exchange but as the positions were so significant,
43:40
they involve slippage as any larger series of large orders,
43:44
would reasonably. Create, guys, remember how many
43:48
times Nico and Phil have told you on the show about E-liquid
43:52
shit coins, this is what happens.
43:54
So, throughout the process we can If the individual fully
43:57
inform, and he had cooperated with us and promised to pay yada
44:02
yada, yada, he broke his promise.
44:04
And so, now they're in arbitration to try to recover,
44:06
84 million from this individual, having a legal obligation.
44:11
And remember I said, the important part about personal
44:14
and Dem indemnify indentification, sorry, Optimus
44:20
can't read. But anyways, this contract.
44:23
He has makes Roger ver personally, liable for 84
44:27
million dollars. So, not only is this a fail for
44:31
Roger ver, but as you can see right here, it's turning into a
44:36
complete fail, for corn flakes, as well.
44:37
So, how are they going to fix this?
44:40
They're looking to raise significant amount of funds from
44:42
their investors. It seems like you know get some
44:47
more money from other people to pay out what you got going on
44:50
right now. So I don't know what this
44:56
recovery value USD is, but apparently that's what they're
45:01
going to use to improve our liquidity guys.
45:07
This is this is horrible. And I'm not going to go into all
45:09
this stuff, but if you read this it's just it it's shit coin,
45:15
things upon shit, coin things and man, Just don't put your
45:22
money in shake like that. I get frustrated when we talk
45:25
about this stuff because we tell you guys every single day, about
45:29
this exact scenario and just stay humble and stacks at, but
45:35
Just to talk about Roger ver guys.
45:38
It's interesting to see how fall how far he has fallen the once
45:44
touted Bitcoin, Jesus, the now Bitcoin Judas.
45:47
And Matt now potentially, you know, even lower than that guys.
45:51
And so we don't just tell you guys to stay humble and stacks
45:56
at for to, you know, push the party line.
46:00
It's the safest and best way to survive this Bitcoin Market that
46:04
we're in. And this is Name of the game,
46:06
guys. It's survival.
46:07
You do not want to be in this position where you are a once
46:12
freaking huge mega whale bit coin holder and then you just
46:16
completely get rekt guys, Bitcoin.
46:18
Derangement syndrome is real and Roger ver is a great example and
46:22
Mika. You want to throw some thoughts
46:23
in here before I move on to our next ones dude.
46:27
Bro. At like I just I do like I don't
46:35
is coin Flex, trying to blame it on Roger to deflect on what they
46:39
are guilty of themselves because Roger basically says no I didn't
46:44
do that but I wouldn't move it past him either this whole thing
46:51
though could be avoided if you just take self custody which is
46:54
what we advocate for so strongly on the show and you'll just
46:58
avoid all this Mayhem. And this isn't, you know, coin
47:01
Flex isn't the only one, right? We had, you know, a multitude of
47:05
exchanges shit coin exchanges and shit coin services that
47:09
rehypothecation, everyone's funds.
47:11
They use that to speculate themselves.
47:13
And then when the bear Market hits they realized they were in
47:15
problems, you know? No.
47:19
They don't have enough money to cover their liabilities, right?
47:21
So, how do you protect yourself from this?
47:23
Just stay humble and stacks at. So, anyways, let's move on to
47:27
the next one. What's going on Opti?
47:30
Okay, so Phil hit me to this article and man, it's just so
47:36
atrocious, guys. It it's absolutely insane.
47:41
What shh Corners are doing. So anyways, let me read this
47:44
headline. It says, by a board eight now
47:47
and pay later with new service, for E, theorem and FTS, tellers
47:52
polygamist polygon, based platform will let users make a
47:55
down payment and take a loan to buy a blue chip you, theorem and
47:59
of TS. Oh my God.
48:02
So the polygon Bay's eight now and pay later service support
48:08
tank notable nft projects at lat 8.
48:11
Now pay later. Amazing, absolutely amazing.
48:15
So they're telling you, you know, if you want to buy a board
48:18
8 Yacht Club and its cost a hundred thousand dollars, the
48:21
best way to do it. Is to put your nft on layaway.
48:26
I can't even make this stuff up guys.
48:28
So tellers new end of T buy. Now pay later feature is like
48:32
those spearheaded by cups and adopted by Major online Realtors
48:36
albeit with some key differences.
48:38
Yeah, I wonder what those key differences is.
48:41
But guys aint. Now pay later.
48:43
Literally the fail is in is in the name itself.
48:45
Let alone the this whole layaway or nft.
48:51
Absolutely amazing but look at let's go.
48:54
Let's talk about it. Let's talk about it.
48:55
Let's talk about it. Let's not much.
48:58
All right. Well dude.
49:01
What the fuck was that, erisa and FTS?
49:07
Like, yeah, if you want to know why all those platforms have
49:12
blown up, there you go. Like it's shit coin upon shit
49:16
coin, upon trick coin, collateral.
49:18
Listen, collateral is only good if the collaterals worth
49:21
something, right? If it's worth noting, that's
49:23
literally a recipe for disaster, total freaking clown show, I
49:29
think this is not going to Around.
49:31
I don't think any of these are going to be around next cycle.
49:33
I'm calling it right now. I think there are the ico's of
49:37
the twenty twenty Twenty One bull market.
49:40
I think I think I think you will look past this and just be like
49:45
those were definitely the ico's not to mention the regulations
49:49
that that I was talking about near the beginning of the show,
49:52
right? So yeah I think this stuff will
49:54
be gone stick to bitcoin but anyways Opti it's time for the
49:58
daily meme review brought to you By Citadel 21, they make the
50:02
best Bitcoin cultural Xena stories articles Comics by
50:05
actual bitcoiners is artwork for volume. 10 is artwork for volume
50:08
11 and this is artwork for volume to Volume 2 is almost
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sold out because there's only 1000 physical copies made per
50:14
volume. So here your prints of Citadel
50:16
21 today before they run out. All right guys, the first name
50:20
here is my Lina see Chey and you guys know she's been killing it.
50:24
All these memes that she creates by hand are absolutely awesome
50:28
and we've been saying for a while.
50:30
As you guys see The top bear markets are for building and
50:33
she's got this really cool me and right here and it's based in
50:36
Bitcoin Beach. So, here's the bull market,
50:40
there's a, there's a chart about global adoption.
50:43
Everyone's bullish, it's looking really sunny, it's warm, the
50:46
price is going up, there's exchanges and lending houses,
50:51
and everyone's looking cool in the Sun.
50:54
And then the crash comes and Global adoption signs broken on
50:59
the ground and a six. Are on fire in the exchanges
51:02
buildings are broken, their signs are destroyed and then the
51:07
bear Market comes and they're building it back up and they're
51:10
happy and they're building for the bitcoiners built in the bear
51:13
market and then the bull market comes and look at this, Bitcoin
51:17
Beach is a break in future Utopia over here with Crazy
51:22
bubble places. I don't even know what it is.
51:25
Ha ha, ha be cool bull market. Let's go some help.
51:29
You Here we go, guys, I forget who this guy is, but this is a
51:34
classic mean template. And honestly it weaves in
51:38
perfectly with what we said in the numbers and we didn't even
51:42
organize, this is just how it works.
51:44
So it goes sustained. Oh wait.
51:47
Actually before I do that it was a response tool in Alden and
51:52
like Nico. He says the power of means to
51:54
condense information and here we are Lynn.
51:58
Alden does like you know for tweets of Whatever like seventy
52:02
five hundred words or some some crazy stuff and someone drops a
52:05
mean, sustained High Energy. Prices are destabilizing the
52:09
fabric of society and very few people seem to notice anyways.
52:13
Have a great weekend, everyone. And then one by Rasmus course,
52:20
we're going to add some Rothman stuff in here and it's the the
52:25
MPC the freakin destroyed NPC and the girlfriend named and It
52:30
Go. It's no, the end, it's the IRS,
52:33
the girl is the IRS. Yeah, yeah, yeah.
52:36
Then this guy is like okay, okay, okay, he's see.
52:39
So yeah, the the girlfriend is Iris and goes babe it's the end
52:43
of the year time to give me more than 40 percent of your earnings
52:46
or I will throw you in a cage and then to demoralize MPC yes
52:49
honey extortion is okay because you will build roads and help
52:53
the poor. We live in a civilized society
52:55
now I just want to preface that go back.
52:57
That everyone pay your taxes but We still believe that man.
53:03
What the fuck, you know like yeah you know how we have rights
53:06
to criticize, how this how the system works.
53:09
And it's just absolutely crazy that you know in the in the
53:12
higher tax practice, it specifically it's 39 point point
53:16
five percent if you live in a zero income tax like Florida,
53:20
but if you live in New York and California, holy crap, it's even
53:24
more. What do you get for that in
53:26
return? Seriously, what do you get for
53:28
that in return, right? I just wanted to point Output
53:31
still color within the lines. I just want to emphasize that
53:34
you get the road to Nico. Come on my road and then this
53:40
one by at the BTC therapist, the classic take of the
53:45
dunning-kruger effect but path to bitcoin maximalism.
53:49
Where the y axis is confidence to x axis is competent.
53:53
And this is just a journey of every new Bitcoin.
53:55
ER you come in your super high and mighty and crypto land.
54:00
And When you crash and you realize you don't know anything,
54:03
you discover Bitcoin, you start self-educating you buy Bitcoin
54:06
your heart and through the bear Market, your teaching Bitcoin,
54:10
and the end of the road is always being a Bitcoin
54:13
maximalist Guru. And then this one, hold on, let
54:18
me, let me recap this, this one is hilarious.
54:21
Because as we always tell you guys just DCA, it's the way.
54:25
Why are you guys trying to trade just buy Bitcoin every single
54:28
day? Anyways, this was His by Alan,
54:31
do you w? And it goes trying to time tops
54:34
and bottoms trading Bitcoin. And this is what we tell you
55:08
guys all the time. This is this is a Bitcoin
55:11
maximalist Journey. Nutshell and it's years of hard
55:15
work, stacking said this guy's blue collar, worker, and then
55:19
hours and hours of research. Like he's smoking cigarettes,
55:22
all tired late night after work trying to learn about Bitcoin.
55:27
And then of course, where, you know, bitcoiners we're not
55:30
buying Lambos or driving cars that are older than Bitcoin.
55:34
In our literal empty houses because we're minimalist because
55:38
we need to stack more Sach and we sacrifice all this stuff for
55:42
Or sad for the future cell and then freaking MPC bro comes
55:47
around. And says, you got lucky, bro and
55:50
Bitcoin starts pumping and we have Pepe one punch man, like
55:53
yeah, shut up like, get out of here guys.
55:56
Again, you deserve this guy's if you hot oil in the bear Market,
56:02
through all the people hating on, you calling, you an idiot,
56:06
all the Fudd and you continue to double down your education.
56:10
This is the feeling that you have at the End of the journey.
56:13
When you kind of, you know, everyone gets that like, okay, A
56:17
little I told you so. So one punch, Pepe one punch
56:21
Pepe, that's right, that's right.
56:24
Is Niko, you want to add some to censor?
56:26
Go straight to the mean reals. I say you rate.
56:29
The mean brother, let's go. Alright guys, so I have today
56:33
for my neem review score, this really awesome coffee cup.
56:39
That my roommate has that, I'm literally stealing.
56:42
From him because you got to believe, you got to believe it's
56:46
true. Anyways, for those beams off, T,
56:49
I would give it a simply big Point sticker.
56:52
That's right. We have stickers.
56:53
We have merch coming in soon to. Anyways, guys, we want to know.
56:56
If you agree with our scores, you disagree, let us know down
57:01
in the comment section. Comment, comment comment, make
57:04
sure to subscribe to us on alternative video platforms
57:06
like, Rumble.com. Our personal favorite Bitcoin
57:09
tv.com and join our Telegram. It's a party in there.
57:13
You could link us some Bitcoin memes to review so we can review
57:16
them on the beam review. And if you're listening to the
57:18
live Twitter spaces, audio version of this show, make sure
57:23
to stay until after the show is done so you can hang out with
57:26
Opti and Jacob from Swan soon. Be awesome.
57:29
But anyways, Opti it was an open source software released today
57:32
wanting to everybody about it. Software release, brought to you
57:36
by Cipher safe, check them out. Cipher safe dot IO, we're not
57:40
using paper. I don't think David's using
57:42
Paper I know Niko's, not using paper store, your seed in steel,
57:46
you can store your seed in the Cipher wheel or the all new
57:49
Cipher grid. They both come with at a distant
57:52
wire and the grid comes with a punch tool software release for
57:55
today is Bitcoin pay server version 160.
58:01
It was released today for anyone who doesn't know what that is.
58:04
It's an open-source pay invoice thing.
58:09
So essentially if you have a store an online, Store, you
58:13
could plug in Bitcoin pay server and it allows you to get paid in
58:18
Bitcoin and has all the UI has the interface but it's open
58:22
source. So a lot of the kyc requirements
58:26
that you would have using something like bitpay or
58:29
something like coinbase pay or something.
58:31
You don't have to use it with btz pay because it's an open
58:34
source software. Anyone could download it.
58:37
Anyone could contribute to it. So it's really cool.
58:39
My opinion. I think it's one of the most
58:41
important projects And Bitcoin, that being said, make sure to
58:44
subscribe to us on alternative video platforms like apple
58:48
podcasts, anchor Fountain. We have Fountain.
58:51
Check, all that stuff out. I also want to give a very
58:54
special shout-out to our awesome clothing sponsor represent
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very comfy comes in Black. Op T, has the black one as well?
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It's comfy it Styles. You can take advantage of the
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promo code down below to get 10% off represent, LTD.com guys,
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that was our show. If you enjoyed our show, you
59:16
know what to do Smith. And of course if you want to
59:20
continue hearing the Bitcoin, use from the played perspective
59:23
and the catastrophic fails from the bleep, let perspective in
59:26
the memes, from the same perspective, definitely
59:28
consider. Striving to Simply Bitcoin.
59:31
It was he smart guys