Latest / Simply Bitcoin / BREAKING: Michael Saylor's Loan Bitcoin Bank Collapse | EP 688

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BREAKING: Michael Saylor's Loan Bitcoin Bank Collapse | EP 688 · Simply Bitcoin

0:11
Yo welcome to another episode of Simply Bitcoin live.
0:14
Your number one source for the peaceful.
0:16
Bitcoin Revolution recovery. Breaking news culture, medic
0:18
Warfare. We will be your guide through
0:20
the separation of money and state anyways.
0:24
Interesting news. Silver Gate get a Silver Gate
0:29
bank which is a bank that a lot of exchanges have been using.
0:35
Looks like it could possibly go under Silver Gate Bank was the
0:40
bank that Michael sealer used to facilitate a loan to buy more
0:47
Bitcoin. So interesting, we're going to
0:49
cover into the details of that and whether he has exposure, but
0:53
I tried to fit this in the title but we ran out of characters.
0:56
Not only Michael sailor but also El Salvador, apparently uses
1:01
uses Silver, Gate bank for the chivo wallet as well.
1:05
So it's kind of a big deal. It's been making the news cycle,
1:09
lots of news, we're going to dig deep into it and then here's
1:12
another thing guys, right? So I think we covered this,
1:16
whether it was on yesterday's episode they before is that, you
1:20
know, crypto companies and Bitcoin companies.
1:23
More importantly, you know, they haven't Really been treated well
1:28
by Banks, right? We've heard a lot of on
1:30
banking's, you know, specifically you know, core
1:34
eclipsed in Co Swan tweeted this out.
1:37
We're Citibank unbanked Swan, right?
1:41
So, you know, if one of the trusted Banks went under and
1:46
there's really no other options, this kind of ties into the
1:49
theory of Nick Carter, write, operation choke point if you
1:54
guys remember where you know the B Ian is trying to isolate the
1:59
industry from the Legacy Financial system and if there's
2:02
no banking, there's no banking Solutions.
2:06
Anyways. You know, it's not that black
2:08
and white, there's a lot more nuanced and, you know, you know,
2:12
the beauty of capitalism is that when there's an opportunity
2:15
created because a competitor goes down, someone will take its
2:18
place, right? So anyways, we're going to get
2:20
into this. We're going to get into all the
2:22
details. We're also going to talk about
2:24
Nigeria and I got Opti Opti Opti is going to cover that today and
2:30
an interesting Forbes article that dropped the things that
2:33
they are saying in that article, bro, has me feeling super uber
2:37
bullish. Yeah, man.
2:38
It's, it's very interesting. We referenced it a couple days
2:42
ago, but we're going to go full into it.
2:44
And it's something we've been covering here for a long time,
2:46
you know, the the adoption of Bitcoin in Nigeria.
2:50
We've had a lot of boots on the ground.
2:51
A lot of Bitcoin friends telling us that it is not just hype and
2:56
Hopi. Mmm, That people are adopting
2:57
Bitcoin in real time. So it's just beautiful to see
3:00
that the Bitcoin message is strong.
3:02
The Bitcoin signal is strong around the world.
3:04
So hey man, we're going to cover out today.
3:07
We're going to cover that I love talking about Bitcoin being
3:10
adopted in the global South in developing countries because
3:14
they're there. People have the else, the
3:18
incentive to seek an alternative because their current state
3:22
money, their local Fiat money trash, right?
3:25
You're it. Double-digit, inflation is
3:28
normal right? And what greater incentive?
3:31
What? Greater incentive to adopt
3:33
something like Bitcoin. And I would even make the case
3:35
that Bitcoin is for them Bitcoins for everybody.
3:39
But Bitcoin was made specifically for those people.
3:43
We do have Financial privilege in the west.
3:45
We do have Financial privilege in developed countries, that
3:49
have relatively stable, Fiat currencies, and a relatively low
3:52
inflation rate. And if that's the case, and if
3:55
you have great, you know, The rails and payment platforms.
3:58
Then the incentive isn't really there.
4:00
People like you know, people don't really take action unless
4:04
they are forced to. Anyways, we're going to get to
4:07
all that seemed to be a great show.
4:08
Really looking forward to it. Let's get to the numbers guys.
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hundred and fifty having estimate April 22nd 2024 total
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lighting network capacity 5380 three.
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Bitcoin capacity value. 120 million.
5:50
U.s. dollars, realize monetary inflation.
5:53
My favorite stat, out of all this.
5:55
I know it doesn't move on a Daily basis, but 10 years from
5:58
now, hopefully simply Bitcoins around you guys are going to
6:01
remember. You guys are going to remember
6:03
going to look back on the on the YouTube videos.
6:05
Going to look back, like, holy crap, they've been saying it
6:08
when it was 1.76 percent, isn't the having beautiful and the
6:11
market capitalization of Bitcoin 432 billion dollars.
6:17
Anyways today guys, I have a video from Jack Dorsey himself
6:21
and he's speaking to I guys, I'm terrible with pronounciations
6:26
for Rita. Yeah, she was on Natalie
6:28
burnell's podcast, Bitcoin Bitcoin adoption Africa
6:32
remembers what we were talking about and we're going to talk
6:34
about Nigeria today and that very powerful article from
6:37
Forbes. Anyways, let's check out the
6:38
clip and then we'll talk about it.
6:42
And it's useful as a tool to you and your work.
6:47
Absolutely, I love Li found between place for the human
6:51
rights foundation and to be honest, I I spoke to Alex
6:55
blackston in 2018, when I was picking on Oslo Freedom Forum,
6:59
then I was hearing about some of the difficulties.
7:02
We are having in terms of raising funds and and mobilizing
7:06
resources for a struggle already asked me has ever explored
7:09
Bitcoin at first. I didn't give it much thought,
7:13
but eventually, when he and I engaged in a conversation, once
7:16
again I ask myself Myself. Why not try?
7:18
And at that time it was only something.
7:22
I was interested in as a tool. And when he taught me about it
7:28
and I did more research to understand how it works, how to
7:31
buy it and send it. And then I eventually thought
7:33
members of my movement, how to say that and receive it, we were
7:40
only interested in making it easier for us to access money.
7:43
Send money and receive money, but then eventually I try to
7:46
dive in. All into understanding the
7:48
philosopher between itself and I realize that it is something
7:52
that is built on Financial Freedom.
7:54
The idea that institutions and governments and people shouldn't
7:59
have total control of people's monetary freedom.
8:04
And that is business, don't have the power to prevent people from
8:07
accessing their own resources spending their own money.
8:11
Then it also made me realize that we have counselors of
8:14
people in countries like mine in Tokyo for example, of a 70% of
8:18
people don't have bank account and for a long time, those
8:22
people are completely excluded from the monetary system.
8:26
It means they cannot access loans, they can never obtain
8:31
things like space loans or mortgages of the remember guys.
8:35
When they say that, you know, they try to paint their
8:40
narrative right that Bitcoin uses too much energy right?
8:44
That you know, via their currency is Inclusive.
8:50
Remember that video, right? Remember if you live in the
8:54
west, you have the financial privilege, you have a car, you
8:58
have a currency that is relatively stable and value.
9:01
The inflation rate is relatively low.
9:04
You have developed Financial rails, but the vast majority of
9:07
the world do not have that privilege.
9:11
And that is who Bitcoin is for, right?
9:14
And also shout out to Jack Dorsey.
9:17
Who stepped down from Twitter and I think he's just dedicating
9:20
his life to bitcoin adoption and that's why his beard continues
9:25
to get longer and longer happened to me too.
9:27
I wasn't able to grow facial hair until I started houghtaling
9:30
Bitcoin and then just, you know, came out of nowhere.
9:32
I don't know what happened the laser eyes came after that.
9:37
But the point is that, you know, this is what Bitcoin is four
9:40
stories like Frida? We're hearing that over and over
9:44
again. We've had guests on the show to
9:46
voice. Similar stories and it's so
9:49
powerful. It's so powerful.
9:51
It's so impactful because Bitcoin actually provides
9:55
meaningful change their lives today.
9:57
Right in the west, we have a whole other fight, we really
10:00
have a whole other fight. I think the global South is
10:03
going to adopt Bitcoin, a lot quicker, right?
10:06
Because the man in the suit that goes on TV as guys, after use
10:12
the Central Bank, digital currency have to use this,
10:16
because it's the law. like, No one really pays attention to
10:20
that when it's about listening to the guy in the suit on TV,
10:25
when you have double digit inflation and it's about putting
10:28
food on the table for your family versus in the west,
10:32
right? They can get away with that.
10:34
There's still that Authority. They're they're basically doing
10:37
the same thing creating money out of thin air.
10:39
They're printing money, but that Authority that that false sense
10:44
of authority, you know, like like the Federal Reserve and
10:47
it's not it's not coincidence that Those buildings look so
10:51
authoritative, right? It's not coincidence.
10:53
That Bankers wear suits, right? So Inspire trust is to inspire
10:57
confidence, right? And that lie is much easier to
11:03
get away with in the developed world, right?
11:06
So much easier get away with that, right?
11:09
So it's a whole different fight, right?
11:11
There's the fight in the global South which is, I think a very
11:14
it's a losing battle for the financial Elites for The United
11:19
Nations for the world economic Forum.
11:20
All these people, they're advocating and screaming from
11:22
the rooftops. I never forget that video from
11:24
that Chinese anchor - Anchor Man.
11:27
When he was like, he's like the guy seems like what happens if
11:32
you know people start adopting Bitcoin?
11:33
He's like, everyone's going to die.
11:35
Everyone's just going to die. Like it's like, you know, it's
11:38
just so crazy. But I think that in the
11:42
developed world, I think it's going to be a battle Opti going
11:45
to be a battle. Most people are asleep.
11:48
They like Netflix, they like their bread and circuses, you
11:51
know, they like their HBO. And the incentive of waking up
11:57
is not quite there. And this isn't just only me
11:59
saying this Natalie Brunell ask, Michael sailor on a coin Stories
12:05
podcast, what keeps them up at night and I never forget his
12:10
answer. And that's something, you know,
12:11
I've been going down that rabbit hole which is people just don't
12:15
care about sound money, you know.
12:16
So if that's the case, This like if people are just going to
12:20
willingly walk into CB D C's because it's slightly more
12:25
convenient like bra. Like I don't know what to tell
12:30
you, you know. Like I don't know what it is.
12:31
Like I have no idea why. I don't know what to tell you.
12:33
I don't know how to convince you, you know?
12:36
But it is what it is. Anyways, Opti.
12:38
What are your thoughts on this? And then we'll hit the news?
12:41
Yeah, well I just kind of have first want to touch on what you
12:44
said at the very end, right there, it is.
12:46
Kind of a sobering thought in a sad.
12:48
Not as well. When you kind of come to the
12:51
understanding that people really don't want sound money or
12:54
rather, they don't understand what the issue is.
12:56
And hence why we continuously tell people that like you know,
13:00
the average human needs to feel a lot of pain before they will
13:03
look for the solutions. And unfortunately that pain mean
13:05
people, you know, losing their shirt, losing their life savings
13:08
continuously, get wrecked by inflation.
13:11
But I mean we've been saying for a while on this show and it's
13:14
one of the things we always harp on is the same question like why
13:17
are we being forced to use? Any money that steals from us?
13:20
Like we always lay out the same idea that Bitcoin is the most
13:24
inclusive. What do you always say?
13:25
Because the most inclusive, the most Equitable the most like
13:30
free money in the world. It is the fairest money in the
13:34
world and it's just beautiful to see that this message is
13:39
spreading around the world and people are using it.
13:41
People are adopting it and people are coming to that
13:44
understanding that we've all came to and that's why we, you
13:48
know, Up every single day and this is why we love Bitcoin and
13:51
all you guys out there love Bitcoin as well.
13:53
Because you know, Bitcoin is really do want to help the
13:56
world. Like we see you a problem in the
13:57
world and we understand you fix the money, you fix the world.
14:02
It's not going to solve every problem in the world, but it's
14:05
the base layer that every other problem can be fixed.
14:08
Once we take back our money, take back our time, you know,
14:12
take back our life and our energy, and build on something
14:15
that will last for a long time. That, Doesn't just, you know,
14:20
that isn't parasitic on the Human Society.
14:23
So you know like down with the Fiat currencies and up with
14:27
Bitcoin number will go up again eventually it went to the does.
14:33
Anyways, everybody let's get to news.
14:35
We got plenty to talk about. The Daily News brought to you by
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15:15
All right, everybody. So I want to talk about civil
15:19
gate. Silver Gate is a big deal for
15:22
anyone who doesn't know, right? They were the bank of a lot of
15:28
predominant, shit, coin exchanges.
15:32
Let me name some of them for audio listeners.
15:34
If coinbase paxos crypto.com Gemini Kraken bitstamp Circle
15:39
and of course the now-defunct FTX.
15:43
Let me read. Let me give some Contacts about
15:45
what happened. There's a Yahoo news article.
15:48
I think it was the one that I found that explained it in the
15:53
most easy to understand fashion. There's crypto industry,
15:55
distance itself from Silver Gate as Bank.
15:58
Collapses goes on to say on Thursday, several crypto firms
16:01
made statements meant to distance themselves from crypto
16:04
friendly Bank, Silver Gate which saw shares free fall on
16:08
Thursday. After company delayed, its
16:10
annual report and said it would report for their losses coinbase
16:13
paxos guy. See, digital Gemini bitstamp
16:16
crypto.com and circle each issued statements saying that
16:20
they have cut ties with a ones crucial partner, linking them to
16:24
the traditional banking system microstrategy has also addressed
16:28
concerns for its Silver Gate Loan in the event.
16:30
The bank faces, insolvency will get to that.
16:33
The distance to the distancing, from the crypto industry, adds
16:37
another business challenge for Silver Gate, which gave notice
16:40
late Wednesday. It won't meet a March 16th
16:43
extension to file it. Its annual report and cast and
16:46
cast doubt on its ability to continue as a going concern.
16:50
Over the next 12 months shares of the company were down as much
16:53
as fifty. Six percent in afternoon trade
16:56
on Thursday. Looks like a shit coin.
16:59
Ladies and gentlemen, that's what it looks like to me went up
17:02
and then went up and then I went down this is like an all-time
17:06
low from. Yeah, from all the way from this
17:09
is an all-time oh this is all time low.
17:11
This is not look good. Anyways who coined This has de
17:15
minimis corporate exposure to Silver Gate.
17:18
And the company said, coinbase added that quote out of an
17:21
abundance of caution and is no longer accepting, or initiating
17:24
payments to, or from Silver Gate, new york-based crypto
17:28
trust and stable coin issue of paxos.
17:30
Also announced it was cutting ties.
17:32
With silvery packs have said had discontinued transfers from its
17:35
Silver Gate account, and does not have material exposure to
17:38
the bank. Quote, we leverage a diverse
17:41
network of banking Partners. Paxos said, Galaxy digital you
17:45
UK headquarters exchange bitstamp.
17:48
And crypto.com also said in statement shared with Yahoo
17:51
finance that they are halting banking transactions would
17:54
Silver Gate, quote out of an abundance of caution and that
17:57
none of the companies are facing material losses.
17:59
Quote, if you do choose to deposit funds into this account,
18:02
you do so at your own risk. Gemini said it had zero customer
18:06
funds and 0. G 0, SG USD would Silver, Gate
18:10
quote. We maintain relationship with
18:11
several banking Partners. We are sensitive to the concerns
18:14
around, so, Gate and are in the process of unwinding certain
18:17
services with them and notifying customers in stable condition,
18:21
stable, stable coin, issue will circle.
18:23
Now what I think that you guys are going to find the most
18:26
interesting is the microstrategy aspect the microcellular aspect.
18:32
And most importantly, the part that we didn't get to put in the
18:35
title. Is that the government of El
18:37
Salvador, chivo wallet, also counts Silver Gate as a key
18:42
financial partner. Resting.
18:45
Anyways, out of all people, looks like by Nance wasn't using
18:48
Silver Gate. So moving on.
18:51
So let's get to some of the micro sailor microstrategy news.
18:56
Clearly. This was some, this was alarming
18:59
to people because people remembered that microstrategy
19:03
took out a loan from. If my memory serves me
19:06
correctly, it could be wrong here.
19:07
Please. Correct me in the chat if you
19:09
think so they use that loan to buy more Bitcoin so they kind of
19:12
Leverage themselves and they leverage themselves.
19:15
Of with a bank that is now, you know, looks like it's, you know,
19:20
it's not doing so hot. So when we say that Michael
19:24
sailor is different than no different than all the rest of
19:27
us, I think all the rest of us could definitely remember that.
19:31
We learn some of these lessons we've experienced some of these
19:35
things in the past, right? So it's crazy how Bitcoin
19:38
everyone is equal in Bitcoin. Everyone has to pay the price of
19:42
tuition, doesn't matter whether you're a nation state.
19:45
Like El Salvador, you know, you're down or whether you're a
19:48
multi-billionaire with a multi-billion dollar company,
19:52
looks like you have to pay your price of tuition as well.
19:55
Anyways, this is an official response by Michael sailor
19:59
regarding microstrategy and Silver Gate.
20:02
This is a microstrategy response and tweet, quote, we have a loan
20:06
from Silver Gate, not due until quarter 2025, there are Market
20:10
concerns regarding silver Gates Financial condition for anyone
20:14
wondering. Alone wouldn't accelerate
20:16
because of Silver Gate insolvency or bankruptcy are
20:19
Bitcoin. Collateral isn't custody with
20:22
Silver Gate and we have no other Financial relationship with
20:25
them. Interesting, so Stony bison.
20:31
Bitten replies seems at odds with your comments a few weeks
20:34
ago about them being sound and continuing to do business with
20:38
them. Now, I searched for these, I
20:40
couldn't find them. If you guys have a screenshot,
20:43
let me know. But if that is the the case,
20:46
right? That is really interesting
20:49
because it's kind of like a chain in tune, right?
20:52
Anyways, so more my dealer in microstrategy news.
20:56
You guys remember the lawsuit that was, they sued Michael
21:01
sailor and the District of Columbia, right?
21:05
Which is Washington, d.c. the Imperial City.
21:08
And when this happened, we made the case on simply Bitcoin, that
21:13
it was political. Now at Anywhere in the country,
21:17
right? What is the city that benefits?
21:19
The most? What is the, what is the, the
21:22
center of the Central Bank of the United States of the Federal
21:27
Reserve? Where is it located in
21:30
Washington DC? Now, I'm not saying it's
21:32
related, but that is surely a big coincidence.
21:36
Anyways. So microstrategy CEO, Michael
21:39
sealer. Loses case to dismiss claims
21:42
that he failed to pay personal income tax.
21:44
Has the District of Columbia alleges that sailor?
21:47
Didn't pay income taxes for over a number of years avoiding more
21:50
than 25 million dollars in taxes to the district.
21:55
It goes on to say the rulings did dismiss claims that sailor
21:58
and his company conspired to violate Washington, DC's, false
22:02
claims act which is a federal law, that holds persons, and
22:05
companies liable for defrauding governmental programs in August
22:09
2022, the District of Columbia filed a complete, through its
22:12
office of Attorney General against sailor.
22:14
And his Company alleging that he didn't pay income taxes over a
22:17
number of years, avoiding more than 25 million dollars in taxes
22:20
to The District. In October sailor filed a motion
22:23
to dismiss the complaint. A status conference regarding
22:26
the case is scheduled for March 10th in the final outcome is not
22:30
presently determinable. I think that's political
22:34
anyways. So we're talking about Silver
22:36
Gate dropping, you know, off the face of the Earth and it's
22:41
interesting. Well, this definitely didn't
22:44
have to do With any regulations, but I'm kind of worried a little
22:47
bit because there's only so many banks that are willing to do
22:52
business with the Bitcoin and Bitcoin industry, right?
22:57
And now that you had such a big player, you know, falling the
23:00
United States, right? You know guys I can't say any of
23:04
these things for certain, but what I can tell you is that
23:07
there's been a sure lot of coincidence nowadays.
23:11
There's been a lot of coincidences and isn't this
23:14
convenient? Or the actions that the B
23:19
Administration is taking to isolate the industry.
23:22
This is Operation choke point 2.0, it's an article by Nick
23:26
Carter. We've been referencing.
23:27
It tremendously on the show because I think it really paints
23:31
a very good and in-depth picture of everything that's going on.
23:36
Let me read you a paragraph from the first part says, what began
23:39
as a trickle is now a flood? The US government is using the
23:42
banking sector to organize a Educated widespread Crackdown
23:46
against the crypto industry in the administration's efforts are
23:49
no secret. They're expressed plainly and
23:51
memos regulatory, guidelines, guidance, and blog posts over
23:54
the breadth of this plan spanning virtually every
23:56
Financial regulator as well as it's highly coordinated nature.
24:00
As even the most steely-eyed, crypto veterans nervous that
24:03
crypto businesses might end up completely unbanked.
24:06
Stable coins, may be stranded and unable to manage Flows In
24:10
and Out of crypto and exchanges might be shut off from the
24:13
banking system entirety Let's dig in.
24:16
And now that being said, in this article, came out, February 8th,
24:19
you're watching one of the biggest banking solutions, for
24:23
the Bitcoin and Bitcoin industry.
24:26
Basically, everyone's trying to cut ties with them.
24:29
If everyone's trying to cut ties with them, they're losing their
24:31
main business. You can make a pretty good bet
24:34
that there's a high probability that they are going there.
24:38
They are going under now, you can't say that entrepreneurs,
24:43
haven't tried to fix this. This issue or mitigate this
24:46
issue but they've been stopped dead in their tracks, right?
24:49
You have Caitlin Long who, you know, who created the custodian
24:54
Bank taking advantage of the Wyoming laws.
24:57
She tried to, you know, launch this bank, but was denied, the
25:03
Federal Banking Charter, which would make her bank competitive
25:07
with other Banks without that Charter, she would have to rely
25:10
on intermediaries and meaning her bank wouldn't be
25:12
competitive, right? So it's not Like they haven't
25:15
been trying to to fix this issue.
25:18
Just looks like and this is something that we've noticed
25:21
very early on and I'm not going to tell it to you guys again,
25:24
right? The people that are in charge of
25:28
regulating the industry also, You can make the case again,
25:34
it's not black and white. It's not monolithic that a lot
25:37
of them have a lot to lose if the industry succeeds.
25:40
Right? You know, this isn't called the
25:42
separation of money and state you know for shits and giggles
25:46
like it is a separation of money and state and we had Natalie.
25:50
Smolenski and I asked her point-blank, I'm like, look
25:53
what's going on with these cvtc's?
25:55
What, you know, I asked her about operation.
25:56
Chokepoint 2.0. She said, Nico.
25:58
It's obvious, right? Like they're not incentivized.
26:02
For this to succeed. So, I don't think it's a
26:05
coincidence that Michael Saylor was sued out of Washington DC,
26:09
which happens to be where the Federal Reserve is located.
26:13
I don't think it's a coincidence that you know, Bitcoin companies
26:17
are being D. Banked.
26:18
Right. I don't think that's a
26:19
coincidence. I don't think it's a coincidence
26:21
is about Administration is trying to isolate the industry.
26:25
Now what sucks though is that because of the shit coin
26:29
businesses and because of shit coins, right?
26:34
They've given them the necessary ammunition to go after Bitcoin
26:41
the Bitcoin industry and chicoine Industry.
26:44
Because most people don't know the difference, right?
26:46
And it's a justification, it gives us a look.
26:49
You guys were right for the regulations.
26:51
You guys were right to do what you guys have been doing, right?
26:54
It makes your trying to save the consumer.
26:56
The consumer needs your help. We need the regulation, right?
27:01
So shame on the It Corners shame on Alex machine ski shame on
27:07
SBF. You know they're just delaying
27:11
this like the and they're giving in the eyes of the uninitiated
27:15
in the eyes of the no coiner they're giving the Bitcoin
27:19
industry that is not related to the should coin industry.
27:23
There's amazing Bitcoin. Only companies its a mix amazing
27:27
Bitcoin only exchanges, right? So on obviously being our
27:31
favorite That have proven right, that you can make a viable
27:36
Business Without selling Casino money without selling shit,
27:42
right? So it's just, it's terrible
27:44
dude. And it just makes me so upset
27:47
because what's really happening here, it is not people
27:51
speculating and getting rich off toes and, you know, yeah, I
27:55
don't know if you guys saw that video by the etherium Denver
27:58
people. Holy cow.
27:59
What the hell is going on there? It's not about that.
28:03
This is the separation of money and state and if you want
28:07
separation of money and state the only cryptocurrency that can
28:10
facilitate that is Bitcoin because it's true
28:15
decentralization. Everything else is an imitation.
28:19
It's it's it's all centralized. There's a foundation, there's a
28:24
Founders, an entrepreneur that controls it.
28:27
They change the rules to benefit themselves.
28:31
Bitcoin is Is Equitable, right? You saw it.
28:34
Michael sailor paying the price of tuition right now, right?
28:38
Anyways, lots of coincidences, today.
28:41
Opti lots of lots of things are going on.
28:44
Now, I'm very interested to see if Silver Gate does go down.
28:48
What is going to happen with that Michaels, with that
28:51
microstrategy loan? Right now, it's awesome to know
28:54
that, you know, and of course, I don't think they would lie about
28:57
this, because they are very public company, right?
29:00
But good to know that at least the collateral isn't held with
29:05
Silver Gate. Like, at least there's a silver
29:07
lining there, right? Because if it wasn't like holy
29:11
crap that would be you know, rug pull rug pull the Chad.
29:16
Right. Anyways, what are your thoughts
29:18
on all this Opti? Well I just kind of first want
29:22
to touch on what you said at the end like shit Corners, make us
29:24
all look bad and we've been saying that for a long time and
29:29
the same low-hanging Fudd lines Continuously being used and
29:34
rolled out to make Bitcoin look bad.
29:37
And it's something we talked about in the space all week of
29:40
like as bitcoiners doing our best to separate Bitcoin from
29:43
the shit coin industry. And I think you know we're
29:46
starting to see that there's a Grand Canyon divided between
29:50
Bitcoin and shit coin. It's no longer as a Bitcoin or
29:52
where we you know really have to do the dirty work and get our
29:57
hands dirty and dunk on chick Corners because they are doing
30:01
the wreckage by them. Ourselves but I think in the
30:03
next couple of years we'll be able to like point to examples
30:07
that that are definitely separating the Bitcoin and the
30:10
shit coin industry. But back to this news you know
30:12
the Silver Gate collapse right now or seemingly collapse like
30:15
it doesn't look good and it looks like the contagion is not
30:19
over. So as a bit Corner out here we
30:21
may be in for some cheap sets. We may be seeing some price
30:27
volatility towards the downward trajectory but it's We've been
30:32
talking about for a while here on the show.
30:34
You know, on and off ramps are the weak points and this is just
30:38
continuously playing out in real time.
30:41
So again, as a Bitcoin Maxi quote-unquote, you know, just as
30:45
long as you take your Bitcoin in the South custody, you have your
30:47
Bitcoin off exchanges, just get the popcorn and watch everything
30:51
play out and you know, potentially we might be getting
30:54
some more cheap sets. So if this contagion was Silver,
31:00
Gate actually does blow up. We and we do see some more
31:03
people go under then I don't know man, it's probably not
31:07
looking too good for the price in the short term, but in the
31:10
long term it's you know, it's clearing out all the wreckage
31:14
and clearing out everyone. That is having Shady business
31:17
practices. So long-term it'll be good.
31:20
And we'll have these examples to never do again.
31:23
Hopefully, but hey, man, I don't know.
31:24
I'm just sitting over here with the popcorn, trying to see
31:28
exactly what's going to play out in the next couple of weeks.
31:30
So it's very interesting stuff. Yeah, very interesting to say
31:35
the least and of course guys will get you will keep you in
31:38
the loop, we'll keep you updated.
31:42
Anyways, Opti, let's get to the culture.
31:44
Definitely, definitely a lot to talk about the check it out.
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they can answer any of them. Anyways, Opti, what are we
32:54
covering on the culture today? My friend All right, guys.
32:59
So we've been covering the Nigeria news for a while.
33:02
We've had a, we had a couple friends, come on the show, we've
33:05
definitely had some epic rant in our Twitter spaces, and this is
33:09
one of those ongoing stories that we love.
33:12
And we're also hoping to get more people on the boots.
33:15
Tell us and confirm what we, what we are hearing over here in
33:20
all of our new source. So first and foremost, I brought
33:22
some headlines. This first one is, again, I'm
33:25
using Yahoo news, we used a corporate press Because they
33:28
still have four unbeknownst reasons to me some sense of
33:32
legitimacy. And so here, we got Yahoo news
33:35
and this came out what November 23rd 2022.
33:38
Nigeria, hope for new currency, November 23rd, the clinic 22,
33:43
the corporate press what 00, the corporate press has some sense
33:47
of legitimacy unbeknownst to me. All right, I'm taking over opt.
33:51
He's got opt. He's gone for today's show.
33:53
Everybody Nigeria Hope's new currency now.
33:59
Canceling me Lyle. Okay.
34:02
Alright, anyways, the headline here from he said the only thing
34:05
that would make me say that. All right, well I'm out now.
34:09
You know what gets me canceled over here guys.
34:11
All right, there's headline, let's get into the news and you
34:13
guys quit playing on the show. Alright Nigeria.
34:15
Hope's new currency notes, curve inflation corruption.
34:19
So Yahoo news and then again, the beginning of this year, in
34:24
January. We also heard that Bitcoin again
34:27
using Yahoo Ooh news Yahoo finance Bitcoin trade higher
34:30
Nigeria, amid cashless economy drive, and the reason I'm
34:35
bringing those headlines up just to give some context because I
34:38
mentioned this the other day. But we're going to go into this
34:40
article right here and this is from Forbes digital asset by
34:45
Nigerian Bitcoin. ER, and first and foremost,
34:48
something I continuously talk about is the idea that the
34:51
Bitcoin signal is Crossing into the mainstream Media or popular
34:57
media. No, I call it corporate press,
34:59
whatever, and you can't stop the signal.
35:02
And so, I find it first and foremost, very interesting, that
35:06
Forbes actually publish this. And it's an editor's pick
35:10
because it's actually quite bullish.
35:12
Like this is a Bitcoin. ER this is a very profound
35:16
Bitcoin take to be on, you know, the corporate press the
35:20
mainstream media and it lays out our message very well and it's
35:25
back to the idea that we always talked about.
35:28
I think humans like freedom and I think the push towards the
35:31
CBD, see anywhere around the world is going to make more
35:35
bitcoiners than the powers that be would like.
35:39
And so again this headline is the Nigerian election and naira
35:42
crisis are fueling Bitcoin adoption and we've seen that the
35:47
push by the Nigerian government to get people onto their CBD.
35:50
Seeing Iris system is not working and people are adopting
35:55
Bitcoin. So I highlighted some portions
35:57
and I'll read some of this are Cool.
35:58
So we can get some contacts. So the first paragraph is, the
36:01
recent economic crash or cash crisis in Nigeria caused by the,
36:05
naira redesigned political climate.
36:07
And economic conditions has increased Bitcoins value
36:10
proposition for average Nigerians in Africa, Bitcoin
36:13
offers an indispensable Financial Safe Haven.
36:17
So, some of the key facts, the naira redesign has exaggerated
36:20
exacerbated. The current economic hardships
36:23
faced by Nigerians and increased pressure on the unbanked and
36:26
Nigeria to headed to the polls on.
36:28
Today to decide the next leader of Africa's, largest democracy
36:31
with economic challenges being top of mine and given the
36:34
current economic climate, Bitcoin is viewed by many
36:37
Nigerians, especially amongst the younger generation, Kiki
36:41
area right there. The younger generation as a safe
36:44
haven for both the under banked and unbanked as economic
36:47
conditions worsen. So Nigerians are currently
36:51
facing record high inflation, at 21 percent cash search shortage
36:55
of newly redesigned Nara notes, Incoming Administration that
36:59
will determine the country's course for the next few decades
37:02
and the continent political landscape.
37:04
If you been on Twitter lately and you're in the Bitcoin space
37:07
you've been seeing a lot of Bank runs on ATMs. We've been seeing
37:12
the social I would say collapse maybe but like there's mistrust
37:17
in the bank's we're seeing all kinds of fights going on for ATM
37:21
to. It looks absolutely horrible out
37:23
there. Like you know, shout out to the
37:24
people of Nigeria, there's cash shortages on the new note.
37:28
They basically you know, same old game, in regards to
37:31
inflating your Fiat, money is you create more currencies or
37:37
more paper notes and you just give them bigger numbers and the
37:40
effects that it's having on the society is people are feeling
37:45
the pain. What's Nico.
37:46
We say you can't hide the sticker shot and again, not only
37:51
are they inflating their currency with more Fiat notes,
37:55
they are also at the same time. Trying to find a new Escape
38:00
Route. And as I highlighted here
38:03
according to a report by Bloomberg, the in Era which
38:06
they're trying to push on, their people has an adoption of point,
38:09
five percent of the population. Again, the 0.5 percent of the
38:13
people are going into the CBD, see, even when the government is
38:17
pushing them towards the CBC and a cashless society.
38:20
And again, this is part of what I always say on the show, I am
38:25
convinced that humans will choose a A Freer more fair
38:29
money, which is Bitcoin, you know, currency that doesn't
38:34
steal from you but hey, I'm a big corner.
38:37
I know my bias, but I really think that humans are believers
38:43
and freedom and we are seeing this play out in different areas
38:46
around the world and Nigeria being one of them.
38:49
So, give current situation with the Nara is evident that the
38:52
exchange between these nara's the old notes.
38:55
And the new note said no longer fungible in both the physical
38:57
and digital. Context fungible is a necessary
38:59
component of money. So to say, we are in a
39:02
precarious situation is an understatement against this
39:05
backdrop of economic challenges. Nigerians have continued to
39:08
flock to cryptocurrencies, mainly USD, stable coins and
39:11
Bitcoin, the Hedge against current inflation and circumvent
39:14
the various limitations on naira transactions and online payment.
39:18
It's no wonder Nigeria has ranked 11 on the Chain analysis,
39:21
2022, Global crypto, adoption index and 17 for peer to peer
39:25
Exchange Trade volume and this is something we've We've covered
39:28
we brought the receipts on the show as well in the past but
39:31
this is the part that really I think is is pure signal.
39:35
And shout out to, I'm going to butcher your name, bro.
39:38
I apologize. Abu Abu bakar nor Khalil
39:44
appreciate you bro shouts out to you.
39:47
I don't know if you're watching this but what let we should try
39:50
to get him on here. But how's this segment?
39:52
And this is on Forbes guys. You know one of the biggest
39:55
Publications in the United States, and this is what we say
39:58
all the time Bitcoin is providing hope it is providing
40:02
hope in every corner of the earth.
40:04
And I'm going to read this part because I really like this and
40:07
it really lays out everything we talked about there's still hope
40:10
however as Bitcoin offers a Mobile alternative to
40:12
traditional Financial rails Bitcoins ecosystem is devoid of
40:16
arbitrary geographical and class-based.
40:18
Exclusions Bitcoin is the only financial system that is
40:21
genuinely sustained and maintained by a stakeholders,
40:24
these stakeholders run miners to defend, Bitcoin renault's to
40:27
protect the network and build tools to increase its usability
40:30
in their jurisdictions, regardless of politics, Bitcoin
40:33
users are able to improve access for people that need it directly
40:36
and educate others, to ensure Bitcoin.
40:38
Users can enjoy the benefits of this open source.
40:41
Any at a fundamental level Bitcoin is a tool.
40:44
It is a protocol with three open accessible permissionless and
40:47
decentralized network that allows people worldwide to
40:50
regain control of their money. Therefore it is an adjacent
40:53
monetary Network that people can opt into to protect against
40:56
inflation preserve and grow their well due to bitcoin
40:59
scarcity and make instant cheap global payment without
41:02
discriminatory barriers, just like the internet democratizes
41:05
information. Bitcoin, democratizes money.
41:08
Bitcoin remains a Lifeline for Nigerians.
41:10
When economic Certainty political unrest and
41:13
unemployment are at record high for those.
41:15
In this diasporic it has become the only medium to remit from
41:19
the hard work they put in a broad not fractions reduced by
41:22
high fees. As is the case with traditional
41:24
rails such as Western Union. I love the fact that we are
41:28
seeing this, not only a Forbes but as bitcoiners, as you know,
41:32
you guys have seen on bitcoin Twitter's of we've covered on
41:34
this show many times and we will continue to cover.
41:36
What's going on? The signal is rising to the top
41:39
and you cannot stop it. Bitcoin is Is financial
41:42
inclusion for the whole world. Bitcoin is the fairest.
41:45
What's it gonna say the most Equitable money in the world and
41:48
the Bitcoin graphs movement is taking over the world?
41:52
It's happening in real time. It may not be as fast as we like
41:54
to, but they cannot stop the Bitcoin signal.
42:00
And as we say right here, you know, and short Bitcoin is here
42:03
to stay as our Nigeria's economic challenges, but many
42:06
Nigerians seek ways to integrate with and leverage Bitcoins tools
42:09
to remain economically competitive.
42:11
Having global markets, regardless of our local
42:14
politics. Hope remains Bitcoin is Hope
42:17
guys and shouts out to again. I'm going to butcher your name
42:21
abubakar nor Khalil Nigerian Bitcoin it Nigerian Bitcoin core
42:25
contributor. So again we had them on the show
42:28
by the way, and we yeah, anyways, I did a blur.
42:31
Everything is a blur anyways. I didn't want to just bring up
42:35
this article because I did cover it before, we have been covering
42:38
this story at times, but shouts out to hooray Yusuf of paxville
42:43
and if you aren't following him on Twitter, then you're you're
42:48
kind of missing out on some, a bunch of signal because he his
42:52
exchange paxville is getting a lot of, a lot of peer-to-peer,
42:57
you know, Bitcoin adoption in Nigeria, and he's covering it in
43:00
real time. And I really love this tweet
43:02
that he put here. And he goes right.
43:03
Yusuf Ray packs on Twitter and goes.
43:05
If you are a bit corner and you're not following every
43:07
second of what is happening in Nigeria.
43:09
Then what are you really doing the use of an eye?
43:11
You have adopted Bitcoin and lead the world in real use cases
43:15
as we always dreamed and they launched an utterly based World
43:18
Revolution. And the reason I brought that up
43:22
is because we talk about it all the time.
43:25
Like, you guys out there, you the Bitcoin, or the individual
43:28
are the revolution. You are the movement and
43:31
spreading the Bitcoin signal to, you know, your friends and
43:34
family is the most important thing.
43:37
And the youth are waking up to the idea that.
43:40
Why should I? Should I be using a money that
43:43
Rob's me when I have Bitcoin I live in a digital world.
43:47
All our money is digital. The more that the powers that be
43:50
trying to push us into cbc's, the more people are waking up
43:53
to, hey, I should be using Bitcoin Bitcoin is easy bit.
43:57
Coin is fair, and why should I use your paper money that has an
44:02
inevitable and of hyperinflation our, you know, 20 30 90 percent
44:08
inflation rates. Like this is the inevitable end
44:11
a paper. And we are getting to a point in
44:13
in our world where they can only kick the debt, the can down the
44:18
road for so long. The Fiat system we are in
44:22
uncharted waters as a whole as a global economy.
44:26
And Bitcoin is that life raft? And we try to bring the receipt
44:30
every single day because people need to hold even a miniscule
44:35
amount of Bitcoin because you never know if your country is
44:38
next and man, it's It's beautiful to see Nico that we
44:44
are continuously covering the Story in real time but also that
44:47
the Bitcoin signal is spreading shit.
44:49
We had we had our boy bubbled read on one love Bitcoin
44:53
yesterday and he's going you know every corner of the world
44:56
talking to Big Corners everywhere and this isn't just a
45:00
phenomenon in in the Western World you know I what's it what
45:04
do we call it? The global South is waking up to
45:06
it and they are going to LeapFrog any country that
45:09
doesn't adopt Bitcoin and It's just beautiful to see that
45:12
Bitcoin has really brought in a fair playing field for everyone
45:16
around the world. All entrepreneurs can now opt
45:20
into the Bitcoin Network and not be stolen from from their local
45:24
government and their local political movements.
45:26
Anyways Nico, what's your thoughts man?
45:27
Yeah man, beautiful I dude so inspiring by Abu bakar awesome
45:32
Bitcoin. ER we've had them on the show.
45:35
This is this is the fight this is the fight for Freedom.
45:38
This is the peaceful Revolution this is what we're talking about
45:40
you know in Syria, Bitcoin is not just a choice, you know,
45:45
it's the only alternative you know, and anybody who's against
45:48
that the like you are, it's disgusting.
45:52
How could you be against that? How could you want to force
45:55
people to how could you want to force people to use money that
46:02
has a 21 percent inflation rate? And again, it's not just a
46:06
Nigerian government. You had that paper by the United
46:09
Nations that specifically the name of the paper was We must be
46:12
incentivize the adoption of cryptocurrencies in developing
46:15
countries, right? It's like and they their
46:18
recommendation is we have to rely on the heavy hand of
46:21
Regulation and we have to roll out.
46:23
The cbc's CBD sees don't solve inflation.
46:28
They don't want to tell you that, they don't have an answer
46:31
for that, right? So anyways, this is what we're
46:35
here for this is what the peaceful Revolution is about
46:39
such an inspiring story coming out of Of Nigeria and will try
46:43
to highlight these stories coming out of any everywhere
46:46
around the world. You know, because it's
46:48
happening, especially if you live in the global South Bitcoin
46:51
for you is an absolute Game Changer.
46:55
Anyways, I make up before we go before we move on.
46:58
I feel I'm obligated to play this here against Bitcoin,
47:01
you're against Freedom. All right, you can go, you can
47:05
go. All right everybody let All
47:08
right everybody. Let's get to the moon review.
47:11
I'm so excited to see what Opti has today.
47:16
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47:46
You already know is to me review.
47:48
This your favorite portion of the show where you guys send us
47:51
memes whether on Twitter or our Telegram.
48:01
As we say all the time, tweet to the bullet memes are the
48:05
artillery, we are in an information war and it's upon us
48:08
as individuals, to continue to counter the Fudd to spread the
48:12
Bitcoin signal, to wake more people up and pull them out of
48:16
the Fiat slave Matrix. Anyways, Wait, shouts out the
48:20
Jeff, Ross. Self-defined dystopia with
48:22
Bitcoin. This is the way.
48:24
All right, guys, so send us your memes.
48:26
First and foremost here is one by at the BTC therapist and he
48:32
goes hashtag Bitcoin changes the narrative and we got a Chad Chad
48:38
in the past and he goes my parents in their 30s by it home.
48:41
Start a family. Me and my 30s by Bitcoin, fix
48:45
the world but home start a family.
48:47
This is the way I felt this. And I felt this on.
48:49
All right, this next one in fight crypto fungus because he's
48:52
important, I'm gonna do how much worse could it get?
48:55
We got a Well, Jack with a small beard looking at my schinsky and
49:00
it goes, how much worse could it get?
49:01
And then now he's looking even worse and he's looking at Delk
49:05
Lon. Oh no, this is Zuzu.
49:06
I forget what this guy's name. Is he goes, how much worse can
49:09
it get? And then another one is it looks
49:11
at SB having guns, how much worse can it get?
49:14
And then again, it looks at Barry sober.
49:17
And it goes how much worse? Didn't get and they look even
49:20
worse and then absolutely torn up and he's looking at the Block
49:25
and and block fide blowing. I was how much worse can it get?
49:29
And then again, one more time. We look, we look at the Winkle.
49:33
My brother's, because how much worse can it get?
49:37
Oh my God, it can't get any worse.
49:39
And here we are at the current moment looking at Silver.
49:41
Again, our the power of memes, bro.
49:44
How much worse can it get? I don't even know who knows.
49:48
This is. Why we tell you guys take
49:50
Bitcoin into self custody it's yeah the contagious not over.
49:54
I think that's where we'll leave it.
49:55
Shouts out the mother Sita and he got has made this with a
49:59
picture of my dog being sat on his birthday, mean review
50:02
submission. And like in the sad dog with a
50:05
little little clown hat on and it goes, shit Corners realizing
50:10
lightning kills their coins, use case.
50:11
Yes, I even got in an argument this morning on our Twitter
50:14
because I put out, good morning, everything.
50:17
But Bitcoin is a scam and Still have people buying the shit
50:21
coin, narratives that their coin is much faster, much more faster
50:24
going to 589, it's safer. It's, you know, it's cheaper.
50:29
It's, it's not centralized. And it's like, man.
50:33
Hey, all I could say in response was have fun, staying put.
50:37
Anyways, this next one is by at coin bit tabs and he goes trying
50:41
to time the market is a Fool's errand, just DC a hashtag
50:44
Bitcoin. And for the audio listener we
50:48
got some spy Viral some some loops and it goes.
50:50
The lesson. You struggle with will repeat
50:53
itself until you learn from it and you opt out of the madness
50:58
and you take Bitcoin into self, custody you DCA, or you lump sum
51:01
every week into your paycheck. You you smash that like button
51:05
or the the smash by button and you take your Bitcoin into self
51:08
custody and you never spend it. Anyways, this next one.
51:11
Bye at priced and BTC because it'd be like that, hashtag
51:15
Bitcoin and we got a girls with time machine.
51:18
I am Your granddaughter really. And it goes boys with time
51:21
machine. Sell your dollars for Bitcoin
51:23
and you see right here the the price of your dollar.
51:29
And how much a buyers in SATs, your dollars getting wrecked.
51:33
But hey, I apparently people still don't understand that.
51:37
This is the reality reality of the world right now.
51:40
All right, this next one is by EU woo-rahm Mitchell and he goes
51:45
the measure of a man is what he does with his power.
51:47
Be kind help others with it at Hato tarantula.
51:50
I think I think this is a hot all tarantula quote, but it's
51:55
the Bitcoin Warrior looks like a Roman warrior with a bit.
51:58
Coin shield and the sword of truth.
52:02
All right. This next one, I really like
52:03
this one by meeting Bitcoin. It goes the first Bitcoin mind,
52:07
and it's just a Bitcoin logo, but it's the big bang is this is
52:11
a whole new world. This is the explosion of the
52:14
Bitcoin peaceful revolution in picture form.
52:17
It looks like it might even be like an AI drawing anyways.
52:20
Drop your mean review score chat in wait meme review, score in
52:24
the chat and we will cover it live, okay?
52:27
I didn't I didn't prepare I mean review score sonneiko you do you
52:30
mean review school? And actually, I got it.
52:32
I got it. I got it.
52:33
It's right. It's my dad hat.
52:35
Represent bit simply Bitcoin dad hat.
52:37
Oh all right. I'm gonna give it our new
52:40
sponsor bit plates. Guys, don't store your seed on
52:44
paper paper sucks. You want to store your seed on
52:48
metal marine-grade, bro? Look at this.
52:51
You stamp it in? Your seed ain't going anywhere.
52:54
Visit plates.com simply by going.
52:57
Anyways. It's my score and I also want to
53:00
tell you guys about represent. Check out our sponsor represent
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opting out where the merch every single day.
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You can take advantage of the promo code simply Dash Bitcoin,
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get yourself, a big discount, anything on the represent,
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LTD.com also the simply Bitcoin marriage that dropped it's
53:16
freaking awesome Opti. Let's get to some of the scores
53:19
but first epic music. I don't have any mean review
53:25
scores. Just a bunch of meme review,
53:28
fire, meme reviews. Fire memes.
53:31
Left. This meme.
53:32
Hold on Epic memes. But where is the mean review?
53:35
Snore, those are the scary go. Here we go.
53:38
We got one. The p man van.
53:40
I give the man, I get the memes, a big, Kaboom rack slap, there
53:45
we go. Alright, one score for today, I
53:48
guess it is. A delayed today.
53:53
I think it totally is my Elaine. I gave the memes, the Bitcoin
53:57
Revolution coming to every country and a household near
53:59
you. Okay.
54:00
Very nice. Very nice.
54:02
Next one Bitcoin Becca I give the memes a fresh Opti fade,
54:06
okay, okay. Bars back in those Becca knows,
54:10
Becca Opti in a billionaire yet j-dub the Laker 21 million.
54:15
You take and she's making Sammy's for her man.
54:18
Come on Nico. Come on, I give the memes the
54:21
engagement aunty. But Christine Christine Lagarde
54:24
that I bought a bought in a pawn shop in La because Christine
54:28
said, no, dude, I'm still down bad.
54:31
J-dub still down bad. All right, last we got two more
54:34
memes Opti, gets canceled starts.
54:37
New show called complicated Bitcoin, meme description.
54:41
Shout out Fiat disrespect her SpongeBob SquarePants, the last
54:46
meme was the beginning of Life. And Igor, I score the memes a to
54:50
set, B and transactions with moon and mr.
54:53
Roboto I wasn't gone rag. What about the read the
54:56
fountain? I completely forgot today.
54:58
I apologize. I apologize.
55:00
Yeah. Totally blanked on that one
55:03
wrecked. Okay.
55:07
Alright. Alright having too much fun,
55:09
guys. Check out Simply Bitcoins blog.
55:11
I'm so good. These hold on, hold on, hold on.
55:14
This is for me Monica. Well do it, we'll do it Monday,
55:18
we'll do it Monday, we'll do it Monday.
55:19
Anyways guys, check out Simply Bitcoin.
55:22
Unfiltered Sabrina version of this show.
55:24
Shout out to her amazing teams of team of writers.
55:26
There's so many of you guys. Now, by the way, guys, if you
55:29
want your, if you want an article, hit us up over Twitter,
55:32
DM, and we will publish it. Also check out Simply Bitcoins
55:36
telegram group absolutely free T dot me slash simply Bitcoin tea.
55:41
Evie, it's a party in there. Shout out to Darth coin by the
55:44
way guys, if you're missing the spaces and you still want to
55:47
interact with bitcoiners Darth coin, holds them over the
55:50
weekend. So don't want to miss simply
55:52
Bitcoins telegram group, it's free.
55:54
Literally, what are you waiting for?
55:56
Anyways guys, thank you so much for tuning in to another week of
56:01
Simply Bitcoin live. We absolutely love doing this
56:04
but it wouldn't be possible without you guys.
56:07
So we appreciate all the love, all the SATs that you guys have.
56:11
Dream does. It's literally what keeps us on
56:13
the air if you really want to support us.
56:15
Subscribe to our sub stack. But everything we do is free
56:18
anyways. But it is an option.
56:21
Love you all and we will see you on Monday for a whole new week
56:26
of Simply Bitcoin live. Also hang out with us on Twitter
56:30
spaces, which we are co-hosting with their friends.
56:33
Over at Swan Bitcoin.com, we're holding it down until 2:00 p.m.
56:36
Eastern Standard. Time Opti does his thing you
56:40
know, he does this thing anyways, Love you all.
56:42
See you Monday, peace. Enjoy your weekend.