Latest / Simply Bitcoin / Potential Million Dollar Bitcoin by 2030 | EP 462
Transcript
- 0:00I don't believe sufficient ever have a good money again before
- 0:04we take something out of the names of governments.
- 0:08Welcome everyone, we're simply Bitcoin.
- 0:10We break down the news, the daily fail mean review software
- 0:14releases and the plebiscites. That's right, got it right
- 0:18today. First time joining us return
- 0:21multiple return guest, the founder of swan Bitcoin, I'm
- 0:27talking about core eclipsed, in is in the house.
- 0:29We Are diving into the numbers though.
- 0:31Let's do it. People brought to you by Bitcoin
- 0:352022. It's gonna be the largest
- 0:37Bitcoin conference celebration hosted in Miami Beach, Florida,
- 0:42guys, it's next week. Get your tickets.
- 0:45Now, before the price goes up speaker list includes present, 9
- 0:50bouquet of El Salvador. Michael sailor, say 15.
- 0:53Adam back Jack Mahler sender. Cynthia, lummis dr.
- 0:58Jordan Pederson. And Many more awesome speakers
- 1:02Phil and I are going to be on a panel as well.
- 1:04We're going to be on the me. Matic Warfare with Greg zags and
- 1:07be absolutely awesome and good news.
- 1:09You can take advantage the link down below to get 10% off your
- 1:12tickets to the largest Bitcoin celebration ever Bitcoin 2022.
- 1:17At the time of this recording. The block height is seven
- 1:19hundred twenty nine thousand. Seven hundred thirty five the
- 1:21Bitcoin price 40 7080 chain rewrite days 741.
- 1:27Total public lightning capacity a new New all-time high 3620 dot
- 1:32sixty Moscow time 21:23 blocks to The Happening 110,000. 265.
- 1:39End the samurai Whirlpool, unspent capacity, Samurai
- 1:43Whirlpool is a coin Joiner collaborative.
- 1:45Spend service. It is not a mixing service and
- 1:48the unspent capacity is 4480 4.60. 8.
- 1:54Nico the numbers the numbers bro.
- 1:56Looking good. So I got put in a very
- 1:59uncomfortable position. And but because Corey coming on
- 2:02the show, it's perfect to speculate on it.
- 2:05Someone asked, we usually don't cover things unless they're
- 2:08confirmed which is why we completely skipped over the
- 2:10whole Honduras. You know, speculation.
- 2:14But again, it looks like the rumor mill is you know warming
- 2:17up. People wanted us to cover it.
- 2:19So I did just that again I'm not even going to put this in the
- 2:24thumbnail even though we would do very it would be a very good
- 2:26video so I'm just going to cover it, okay.
- 2:29There's a Were right now, right? That apple is going to get into
- 2:33bitcoiners do something with Bitcoin.
- 2:35I I this is, I call BS, I think people are bored.
- 2:39But anyways, why do people think this?
- 2:42Let me show you why. So, first going to start with
- 2:44this video? Do you own crypto and any
- 2:47Bitcoin or theorem would you play around with us?
- 2:49I do. Yeah I think it's reasonable to
- 2:51own it as a part of a diversified portfolio and I'm
- 2:54not giving anybody an investment advice by the way.
- 2:59All right, so that's the first. Then you know, you have Jack
- 3:02mahler's tweeting. This stuff you chase has an
- 3:05apple hat. And then again, he tweeted and
- 3:08the video starts with, you know, Steve Jobs, Apple logo.
- 3:12So again a lot of fucking noise, but you know, the plebs want us
- 3:17to cover this. So we shall cover this Cory.
- 3:20This is perfect for you because, you know, you have experience
- 3:23working for one of these big tech companies.
- 3:26What is the probability of? This is true.
- 3:28My personal opinion. And I think this is bullshit.
- 3:31Well, what's the this what do you think this is?
- 3:34I don't know. Dude is Apple getting into
- 3:38Bitcoin because I know that they were very hostile.
- 3:40I know they banned Bitcoin wallets at one point, you know,
- 3:43back in the day. So I don't know, I don't know
- 3:45what to make of this. There's there's obviously dozens
- 3:48of Bitcoin and crypto wallets that are apps in the Apple
- 3:53Store. So that's not a big deal.
- 3:54You can use Apple pay to fund Bitcoin purchases using wire
- 3:59which is So I've been to like thousands of websites.
- 4:02So if another company plugs into the same thing that wires had
- 4:06for years, like that's cool. That's awesome.
- 4:08That program exists, you can do that, we could turn on Apple,
- 4:11pay purchases for Swan if we wanted to just a matter of like
- 4:15whether you want to deal with their fees and stuff.
- 4:16So I don't know. I mean, see if there's news, I
- 4:21don't know. Phil, what do you feel about
- 4:24this? Dude, I even want to cover this,
- 4:28we were in this was requested. Okay, so I'm gonna go with
- 4:32completely outlandish, random take, that will make no sense.
- 4:37The was loves the corn, like, what like, what's it called?
- 4:41Like the walls always talks about about Bitcoin, but I do
- 4:47know that he has Shield shit coin in the past, but he does
- 4:50know that Bitcoin is King. And even though that has nothing
- 4:53to do with apple, I think Tim Cook, sometimes talks to the
- 4:56Waze. So, anyways, maybe you know,
- 5:03this is bullshit. Okay, so more serious question,
- 5:05Cory, what are the implications? Let's say, you know what would
- 5:10happen, what would it would? Bitcoin game more legitimacy in
- 5:14the eyes of the big players if this would happen.
- 5:18Again, I don't know what this is.
- 5:20That's I've even heard anything suggested that you already.
- 5:23I don't know what this is, either.
- 5:25Man, you can use, Apple pay. Buy Bitcoin already.
- 5:28So if that if again, if that happens more cool, that's great.
- 5:34I mean, if they did something with their balance sheet, that
- 5:36would be dope. But, you know, this is, I don't
- 5:40know. I don't want to speculate on it,
- 5:41I don't really care. We'll see what happens.
- 5:43Yeah, well anyways, there there, we told wasn't there supposed to
- 5:48be some massive announcement, like Monday or Tuesday, like all
- 5:53weekend, people are saying there's some massive
- 5:55announcement coming out and see shit.
- 5:57This is why we don't cover this stuff, but this was requested
- 6:00by, like, two or three people and I'm like, oh Cory's coming
- 6:03on the show might ask him, is this is our last show before the
- 6:06break, you know? So yes.
- 6:08Anyways, there you go, guys. We sleep between now and your
- 6:11next show is something absolutely incredible.
- 6:14Like an announcement about an announcement about an
- 6:15announcement will have dropped. Yeah.
- 6:17And and you can cover it when you come back.
- 6:19So we could either be extremely right.
- 6:22And we could say we were first to it or we'll just pretend like
- 6:25we never said anything but anyways.
- 6:27Phil it's time for the daily fail.
- 6:30Brought to you by Ember app. Check them out.
- 6:32Amber dot app. It is the best place to Stacks
- 6:36at. And at, by actual bitcoiners,
- 6:38Fair spreads low fees. Smart automation, the link is
- 6:43down below ammo smart ways, that sense, okay?
- 6:47This original tweet was shared by Niko in our telegram group
- 6:51and we are going to dive into this shit coin, wreck Miss.
- 6:55Before we dive into something, which I think Going to piss
- 6:57everyone off thoroughly. I know that I had a hard time
- 7:00reading through it anyway. So let's dive into this a tweet
- 7:02by Hot or Not. Nothing to see here.
- 7:03Just 600 million of shit. Coin, wreck - that's right Ronin
- 7:10Network, let's dive into this story, very quickly.
- 7:13Here, Ronan validators compromised decentralization at
- 7:18work. I see the Ronin Bridge has been
- 7:21exploited for 170, 3600 eith and 5 million USD see which at the
- 7:29time of the writing was approximately six hundred
- 7:32million dollars, Ronan chain. Currently consists of nine,
- 7:37validator nodes in order to recognize a deposit, even our
- 7:41withdrawal event. Five out of the nine, validator
- 7:43signatures are needed the attacker managed to get control
- 7:46over sky mavis's for Ronan validators.
- 7:50And the third party validator run by accident.
- 7:53Do The validator key scheme is set up to be decentralized.
- 7:58That didn't sound decentralized at all.
- 8:00Anyways, but the attacker found a back door through our gas free
- 8:03RPC node, which they abused to get the signature for the axi
- 8:08Deo validator, the accident of the axi Deo, allow listed Sky
- 8:15Mathis to sign various transactions on its behalf.
- 8:19This was discontinued in December 20, 21, but the allow
- 8:23list access was not Revoked, that's not good.
- 8:27That means somebody had to manually go in there and revoke
- 8:30that list. I don't know.
- 8:31That doesn't sound good. Anyways, once the attacker got
- 8:34access to Sky Map is systems. They were able to get the
- 8:36signature from the axi Deo validator nice.
- 8:40They didn't actually even have to attack the shit coin itself.
- 8:42They just had to go through a third party validator.
- 8:44Now, why was the validator threshold?
- 8:47Only five originally Sky Map is chose the five out of nine
- 8:50threshold. Is some nodes didn't catch up
- 8:52with the chain or were stuck in Sinking States.
- 8:55Moving forward. The threshold will be eight out
- 8:57of nine. I'm sure that's going to stop
- 8:58it. Three more, definitely stops
- 9:00this. I could see Corey knows I'm
- 9:01right, three more stops. This we will be expanding the
- 9:04validator set over time on an expedited timeline.
- 9:08Just gonna keep adding validators.
- 9:10That's all that was our first fail now.
- 9:12Look did any of that sound decentralized and why is there a
- 9:16centralized entity explaining how this is going to roll out
- 9:19and how they can add validators whenever they want this just
- 9:23sounds like complete hocus-pocus.
- 9:25Focus. And again what we've said, time
- 9:27and time before your money should not be here.
- 9:30The rug pool is the use case Cory.
- 9:33Before we move to the next failed, you have any comment on
- 9:35this garbage. I'm trying to figure out whether
- 9:37I liked the company. That owns the whole thing,
- 9:41having four of the nine validators.
- 9:45I'm trying to figure out if I like that better or you being
- 9:49such a Bitcoin or that you pronounce the acronym, Bao Deo,
- 9:53ha ha. I've liked both of those things
- 9:57are so amazing and just so, so perfect for the story.
- 10:01So, that's what I have to say about that.
- 10:04Phil, I think we should rename this part of the show to guess
- 10:08won't come back on time of the show because every time, do I
- 10:14just, I'm looking at the guests and I'm like, oh God, oh God, oh
- 10:17God. And then the Expressions, the
- 10:18shrug then. What am I?
- 10:20Why the fuck did I agree to this?
- 10:22Oh gosh, come, I just come here to hang out with you guys.
- 10:25If you hit record, that's fine. But this is how this is how we
- 10:28hang out. Right?
- 10:29Let's make sure we do this every couple months.
- 10:31All right, Phil, so I'm scared. What is the next fail?
- 10:37But wait, there's more. Okay, so everybody remembers
- 10:41before we share the screen before.
- 10:42We share the screen yesterday we were we were talking about Chris
- 10:45Chris Larson or whatever his name is there from from eggs are
- 10:50P. But now coming to the u.s.,
- 10:51there's a lot of smart entrepreneurs who know our You
- 10:55know, creating renewable, energy, mining but I'm sorry
- 10:58there's no such thing as me my name because it's not necessary,
- 11:01they should be changing, just like a theory, India.
- 11:02And by the way, I think the founder of Z cash also
- 11:04announced. They're switching from proof of
- 11:06work to a different low-energy protocol hats off to them to,
- 11:10but the Bitcoin folks need to make the switch as well.
- 11:14It's unconscionable that right today.
- 11:16You gobbling up on the order of 70 and depending on price
- 11:18because it's quite a prize, 7240 trillion Watt hours of energy,
- 11:23Look at all. That was green energy, that's
- 11:24not good, because that green energy should be used for green
- 11:27steel, making green aluminum green concrete and agricultural
- 11:31usage. Direct are capture green
- 11:33hydrogen, you name it. I mean there are just so many
- 11:35battles that are being waged in this war and that green energy
- 11:38needs to go elsewhere. A big part of getting carbon
- 11:40neutral is don't use energy. We don't need it.
- 11:42You don't need it to confirm the state of blockchains just don't
- 11:47need it. So make the damn code change and
- 11:49I tell you, I just don't think it's going to happen.
- 11:51Voluntarily. And that whole nonsense attack
- 11:56on bitcoin trying to create a Bitcoin proof of stake.
- 11:59Listen, never underestimate the shit coiners, never
- 12:01underestimate the shit coiners and their resources.
- 12:05Why do I say this? Let's say hello to bitcoin piece
- 12:09of shit protocol. Here we go.
- 12:11This is just a random tweet here, juice Van, Alden Bitcoin,
- 12:14replaces Banks. Ripple needs Banks, that's all
- 12:17you need to know about change the code indeed.
- 12:19This is true. This is followed up by a From K
- 12:23underscore Sebastian. BTC POS and this is what got me
- 12:28right here. I thought it was a joke but here
- 12:30it is. 5 million wasted. That's right, guys, what you
- 12:35are? Looking at right here, as we
- 12:37scroll up, is Boom, Bitcoin proof of stake.
- 12:43Okay. And the best part about it, the
- 12:46best part about it. Before we take a look at this
- 12:48white paper. That's right.
- 12:48I'm going to make everyone suffer, just a little bit more.
- 12:51Let's let's take a look here. What they say?
- 12:53So, Bitcoin proof of stake takes everything, you know, and love
- 12:56about Bitcoin and makes it faster more rewarding and ready
- 13:01for real life. Digital currency payments, I'm
- 13:03pretty What they just did is take everything we know and love
- 13:05about Bitcoin and make it fucking worse.
- 13:08I'm pretty sure that's what just just happened.
- 13:10Okay, let's just take a look at this white paper very quick.
- 13:12I'm not going to be real. That I love how they copied the
- 13:15text in the front. Ha ha ha.
- 13:19When I first saw this, I was like, wait a second.
- 13:21Did they just put their names and left the original Bitcoin
- 13:24white paper? It looks like it's because let's
- 13:26face it. I mean, they probably came up
- 13:27with this last night, anyways? Okay, let's dive into it.
- 13:31Unfortunately, I could not highlight anything in this.
- 13:33It wouldn't let me but that's okay.
- 13:35That's that's going to help everybody here, okay?
- 13:37Because we don't have to, we don't have to dive into the
- 13:39great details. But we do have to take a look at
- 13:42what they start off with the first thing that they do.
- 13:44Okay. The first thing this shit coin
- 13:45does and I couldn't figure out who the team was behind this
- 13:47shit coin. I don't even think it makes a
- 13:49difference. It's completely irrelevant and
- 13:50not listed on their site. Okay.
- 13:53The first thing they start off with is discrediting Bitcoin.
- 13:56The problem of Bitcoin centralization.
- 13:59I I'm not even going to go into that we have shown time and time
- 14:02again between the Her nodes and the mining pools and how the
- 14:05mining pools. Don't actually own the
- 14:07individual miners. This is all nonsense.
- 14:10Okay, the next piece of this which I think is absolutely
- 14:13hilarious. Is Bitcoin proof of work creates
- 14:16dependency on electricity. I mean, do these people not
- 14:19realize that they're actually using either a smart phone or a
- 14:24computer to power their shit coins.
- 14:27Do they not realize that this all of this uses electricity?
- 14:30Anyways, I just, I can't even believe this and this This is my
- 14:34favorite part. This is how, you know, they just
- 14:35went and dug up a whole bunch of old fud to create this shit coin
- 14:38to pump some Bag. Bitcoin, proof-of-work, mining
- 14:42Hardware centralization. Remember Nico.
- 14:44When you're talking about this this morning, I mean to be to be
- 14:46fair. There's no, but hold on, hold
- 14:48on. Look at what they're referring
- 14:49to before before you comment on this.
- 14:52Okay, they're referring to the twenty nineteen fifty, four
- 14:56percent of Bitcoins total hash rate being in Sichuan province
- 14:59of China. This is what they're referring
- 15:02to in this but I'm Are you go go on with what you were going to
- 15:05say? Yeah.
- 15:05I mean I think that hash rate has definitely improved
- 15:09improved. I think it's going to continue
- 15:11to centralize but in terms of mining manufacturing, you know I
- 15:15know Intel steps in the game. I know block stream acquired but
- 15:18Doodles I think is the name of the company and of Jack dorsey's
- 15:20trying to do trying to get into the Asic manufacturing you.
- 15:24But I think it is a problem that the majority of a six or
- 15:28manufactured in a country that is hostile towards Bitcoin.
- 15:31I would like to like For that to change and I think it is going
- 15:35to change. But yeah, I mean, that's the
- 15:38only part, right? That is there's an ounce of
- 15:40truth. But other than that, I mean,
- 15:43dude, like, it's just another shit coin, trying to get you to
- 15:45part way from your Bitcoin and it dresses up.
- 15:48So look guys, I've done some digging, I dusted off my
- 15:52reporter skills. I've actually got a notepad over
- 15:55here. We've done some scribbling of
- 15:57done some basic math. First off, this is is in the
- 16:01news now because of that scam, Artist out in San Francisco.
- 16:05Mr. Larson larceny, I think is his full name, but it turns out
- 16:12that Bitcoin proof of stake is a Bitcoin piece of shit.
- 16:16Yeah, that's what I think. Whatever, anyway, it coin, POS
- 16:20has actually been around since 2019 and actually had a, had a
- 16:23pump in in the summer of, 2019 up to a hundred eighty seven
- 16:29dollars a coin. It's now 11.
- 16:33Sense a coin. So it clearly is a better form
- 16:39of decentralized peer-to-peer payments.
- 16:42But nevertheless the world has stood by and watched a decrease
- 16:47in the value of the new revelation Bitcoin POS of 99.9
- 16:5494 percent in less than three years like what an opportunity
- 17:00you guys. Somebody call Richard a heart
- 17:04and have him, send some direct mail out.
- 17:06I mean, he should be marketing this, to Boomers, you know,
- 17:09living on pensions all over the country at this point.
- 17:11It's clearly undervalued. There's a lot of pump in this
- 17:13thing. Sounds like the Future Finance.
- 17:16I think so. Yes, the future of money the
- 17:19future. Why not the future of money and
- 17:21the future of Finance both? So, but wait, but wait.
- 17:26There's more years. No more.
- 17:28Oh wow. Okay, hold on there's more to
- 17:30this thing because the next step in this is Going proof-of-work
- 17:33centralization paves the way for the 51% attack and this is by
- 17:37far, my favorite chart, they go, and they choose the mining
- 17:41pools. And they know, I don't think, by
- 17:45the way, I don't think that. Yeah, no, no, it's not current,
- 17:47it's ancient. This is my point.
- 17:49They've gone and they've taken two year old data and shown it
- 17:53as they haven't updated any of it.
- 17:56And they've left this old data and simply just recycled this
- 17:59information to be relevant again.
- 18:01It's very scary and it really reminds me of it's funny that
- 18:05it's funny that Corey mention what he mentioned about 2019
- 18:07because I remember when there were first, when there was
- 18:09chatter about quote-unquote lightning on bitcoin, the shit
- 18:13coiners immediately took advantage of that and created
- 18:17bitcoin lightning which was just some shit Fork that had nothing
- 18:22to actually do with lightning. Now again, I'm not equating
- 18:26lightning to bitcoin POS, but what I'm saying is never
- 18:30underestimate the shit coiners, okay?
- 18:32Your shit Corners live. Like the shit pointer is like, I
- 18:35know it's like one group like, is it, is it like a, like a
- 18:39hacker house for horrible people, like, you know, two
- 18:42blocks up off the Sunset Strip and I Lala or like, where are
- 18:47the shit coiners maybe under a bridge?
- 18:51I'm not sure. Yo, what's up?
- 18:53You guys were talking about me. What, what's going on over
- 18:57there? Wait, we have Nico the shit.
- 18:59Coiner joining us on our segment now.
- 19:04Have you heard of Bitcoin POS, tell me what your bags, Nico?
- 19:09What I want to know about the Bitcoin.
- 19:10POS people is like, how many of them live in the room?
- 19:16Like I think they have roommates, that aren't, like,
- 19:18people living in the same house in separate rooms.
- 19:20I feel like they actually probably live in the same room
- 19:23is getting like same room roommate Vibes, like bunk beds
- 19:27or like single beds on the side on both sides of the room, kind
- 19:30of Vibes, but it's really, Strange right.
- 19:33You know, we have all of this. We have all of this news, right?
- 19:36Like all all leading up to this, the ESG narrative, the fund,
- 19:39Chris Larson, all of this. And now all of a sudden, look,
- 19:41we're back. We've got a coin for you.
- 19:44It's just so convenient and so cringe, huh, anyways.
- 19:48Are you making fun of my sleeping accommodations?
- 19:51I'm sorry, I forgot you were there.
- 19:54I'm getting, like Chiang. Mai hostile Vibes.
- 19:58Have you have you heard of my pillow token?
- 20:03Is it back by proof of sleep? No, it's backed by Michael and
- 20:06l00k. It's the perfect pillow
- 20:09perfectly legit, though. Yeah, anyways.
- 20:12Yeah, dude. But, I mean, I hate the way I
- 20:15have to switch or people are not going to take me, seriously.
- 20:17I mean, they don't really take us that seriously now.
- 20:19Anyways, um, but dude, okay, so I hate that they use the pool
- 20:25thing, bro. Because I think that a lot of
- 20:27people, especially if you don't understand what you're looking
- 20:29at, you look at like right now. It's like what?
- 20:32Five, six, seven pools. But that doesn't mean that those
- 20:35pools own that hash rate people are just choosing to mine with
- 20:39those pools to get stability of Revenue.
- 20:41That's it, that's it right? As soon as one of those pools,
- 20:45start acting maliciously, people will just switch, right?
- 20:48So yeah, man. But dude, these shit Corners
- 20:52will do anything and everything including stab Bitcoin in the
- 20:55back if it means enriching themselves and it's fucking
- 20:58disgusting. But anyways, Phil it's time for
- 21:00the daily meme review brought to you by City. 21.
- 21:04It's the best Bitcoin culture of zeenat stories, articles Comics,
- 21:08pure pledge signal in this Zine. Every volume has different
- 21:12artwork. That is the volume 4, volume 10,
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- 21:25Alright, everybody, Welcome to the meme review where we review
- 21:28memes because it's a mean review, the first meme by Corey,
- 21:32there's Bitcoin. There's crypto, it's just so
- 21:37good. So good right here.
- 21:40Bitcoin POS. That's that's that is very good.
- 21:43I did not actually create this. I jacked it from somewhere, but
- 21:46don't like it. Don't we?
- 21:47All we will use the template. Cory was awesome.
- 21:50Do we so good though? Next one?
- 21:54Bye. Clown world.
- 21:56See, shout-out been. So is another been hmm?
- 22:00Okay, the bed? No it's not.
- 22:02Forget his native. Think he is a Ben?
- 22:04Has he been fucking a? Okay?
- 22:06That is awesome. Is it?
- 22:08Is it raining? I don't know.
- 22:10I'm not a mean. Oh my God.
- 22:11Okay, I get it. I get it.
- 22:13That's funny. God damn it.
- 22:14Phil big coin memes, bro. Okay, there's some funny and
- 22:19they coin memes, Bitcoin memes. It was a good cleaner who sent
- 22:22it, okay? User privacy Wasabi IRSC, I
- 22:28okay, absolutely hilarious. Moving on, to the next one, if I
- 22:32go. Ghost of what limbu okay as
- 22:34they're ever in his existence of humanity.
- 22:36Been something so good for Humanity that has been so
- 22:39misunderstood and attacked. I really don't think so.
- 22:42This is hilarious. It's like the Family Guy.
- 22:44God one, oh my God. You finally gave them sound
- 22:47money. How's it going?
- 22:48Well, somebody is think it's wasting energy.
- 22:51Very good, very good. Jesus Phil okay.
- 22:55Keep your shit coins out of my effing feed.
- 22:57Keep your shit coins out of my effing feed funny.
- 23:00Funny. Okay.
- 23:02Okay. This is this is part of the
- 23:04been, I think it's on. Yeah, what he wants to review
- 23:07this video. This is totally legit.
- 23:08It's allowed and it's fantastic that we have Corey on here
- 23:11because Corey can weigh in on the Benz.
- 23:14Now I've expressed that here we are, we are been supporters.
- 23:18I know, I'm putting words in ecos mouth, I'm just saying, I'm
- 23:20a been supporter that have been maximalism going on here.
- 23:23So let's let's dive into this this public service announcement
- 23:28paid for by Tucson and ski. Too many bends.
- 23:33The opponents of Bitcoin have been successful in diverting all
- 23:37of your attention toward things, like ESG, regulation, China, and
- 23:40other silly things. When the real threat is
- 23:42glaringly obvious, the Council of bands is in the midst of an
- 23:46attentive 51% attack on the male names in the space.
- 23:50Oh, there's just way too many bends and Bitcoin this part part
- 23:53part to many they've got a whole Council, they've got this giant
- 23:57subversive elements they're trying to 51% attack the male.
- 24:00The coin and I think I think the big problem I don't like any of
- 24:05them, I don't like especially been the Carmen and kiwi hottel
- 24:10don't like them. And I think that a lot of people
- 24:14are not aware of how big of a problem.
- 24:17It is a long history of using devious tactics insert their
- 24:22members in positions of influence and should not be
- 24:25trusted. Do your part to reject this
- 24:27attack. I don't know what they have
- 24:29planned for my Emmy. But I'm certain it is not good
- 24:32ski five, been speaking at the Bitcoin conference and we here
- 24:35is simply Bitcoin we support the bends.
- 24:38Okay. We are, we are it might look at
- 24:40my fucking face Phil. I knew what was going to come
- 24:42because of that, David been supporters.
- 24:45That's right. Okay.
- 24:47That sounds like some big brother doublespeak right there
- 24:50too. I also strongly regret having
- 24:54six bends and the Bitcoin 2022 programming the beat these days
- 24:58that most of my energy goes into being a I've been active it.
- 25:05Oh God okay Corey welcome. This is welcome to Simply
- 25:10Bitcoin. Okay for that.
- 25:13I'm going to give it apparently these are rare.
- 25:14Now is a Raspberry Pi for apparently you can't buy these
- 25:19on Amazon and Phil keeps urging me to sell it.
- 25:24Phil I sold two of mine. Proudly still a five anyways.
- 25:31Okay, so for the scores we are going with.
- 25:33We were you know what, I got the second t-shirt that's actually
- 25:36my teacher yesterday. I showed Niko's.
- 25:38Today I'm showing mine. These are from Neil Jacobs foam.
- 25:42021.com check it out. That's right.
- 25:45All the models are destroyed. Good stuff that's my score Cory.
- 25:50What would you give those memes? All of them broadly like as a
- 25:55collective. Yeah, we could do whatever you
- 25:58want. I can do whatever I want.
- 25:59All right, so what do I have here?
- 26:01So low score is a Tungsten Cube. We talked about this, this isn't
- 26:07news to you, this is just for your viewers, a medium score is
- 26:11Swan keychain. This is the keys to the new
- 26:13studio in Malibu where brekkie and Mike and Andy.
- 26:17And the whole crew will be shooting shows starting next
- 26:19month. And then, the high score is this
- 26:22master Piece from my youngest daughter.
- 26:25It's like a penguin or a monster or something.
- 26:27I don't know what's going on with that thing.
- 26:28Okay. So, broadly overall, honestly,
- 26:32the memes were pretty good. I'm going to give it like a
- 26:35medium high. So like halfway between the key
- 26:38chain and the Penguin, monster thing pretty good, Some solid
- 26:43stuff in there. Solid scores solid scores.
- 26:46Yeah, yeah, it was pretty ever had two scores, never had.
- 26:49Yeah, I was trying to visually represent Resent, you know, in
- 26:54between like, a two and a half, that's what I was trying to go
- 26:57for. So Cory, I have, you know, the
- 27:00moment of truth, this is what everyone's been waiting for.
- 27:03How do you feel about the bends Cory Cliffs of swan?
- 27:08You know, I cut just enough of this one to actually know what's
- 27:11going on because I actually didn't know at all what was
- 27:14going on with banana bread. Like I still have no idea.
- 27:16Nobody will tell me. Make no one knows out about it
- 27:18until now but there's a banana bread like four months ago and
- 27:21I'm totally It I don't even know where I was that afternoon.
- 27:24I mean not like me to miss an afternoon on bitcoin Twitter but
- 27:28I missed that afternoon. But yeah, I'm all over the bends
- 27:31and you know I actually wasn't aware until recently that there
- 27:35were other Ben's besides Carmen and and and sessions been parent
- 27:41but this is troubling it really? But the multiplication the speed
- 27:47with which their menteng new Benz in the Bitcoin space I'd
- 27:51smacks of rehypothecation. Nation.
- 27:53I think that it's very possible that block Phi is involved here
- 27:57and we should really probably take a look about this.
- 28:02Yeah it's concerning not going to lie.
- 28:04It's a little bit concerning. Yeah see Phil.
- 28:07See what you did taking up? So look, I just want to point
- 28:10out. The anti been movement is is
- 28:12getting paid ads, paid attack ads.
- 28:16Okay. Hey, yeah.
- 28:18So when been POS, that's what I wanted.
- 28:22Soon soon. Yeah, I see.
- 28:25Are you happy to Saint? Are you happy, bro?
- 28:27Okay, got you done Tucson and Steve.
- 28:30Oh man. Okay, anyways guys, if you agree
- 28:32with this Court's disagree, let us know down in the comment
- 28:34section. Make sure to subscribe to us on
- 28:36his own. I'll turn it video platforms
- 28:37like, Rumble.com and our personal favorite Bitcoin
- 28:40tv.com, and of course, join our telegram group and link us some
- 28:43dank dank dank Bitcoin, memes to review.
- 28:45But anyways, feel it's time for the Daily News brought to you by
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- 29:12All right guys, so you're not going to see us for.
- 29:16I'd go to Panama tomorrow the really not next Tuesday, but the
- 29:20Tuesday after. So we're really going to take a
- 29:22Daybreak because of that. Corey had some really good takes
- 29:27that cover, a lot of things that are going on, and I want them to
- 29:30elaborate a little bit on that. So first one, we've been
- 29:34covering this tremendously right?
- 29:37The attack on bitcoin, whether it's from corporate media,
- 29:40whether it's from the environmentalists, you know,
- 29:43World economic Forum, all of all of that stuff.
- 29:47So Cory, I hear you say, take note crypto Advocates and
- 29:50lobbyists you are not on the same team with.
- 29:52Bitcoin. And you were, quote tweeting,
- 29:55Jason loudly. But the real Attack on bitcoin
- 29:58is ESG and proof of proof of stake, altcoins, if you've been
- 30:01paying attention to this channel, leave it on top of
- 30:03this. People are being taught that
- 30:05proof of work is unethical. So, drawing attention to
- 30:07Bitcoins clean. Carbon footprint is a I feel.
- 30:10What is that word siphon? Is that it siphon?
- 30:14Is that the word sofyan this? If Ian, there we go, Niko candy.
- 30:17My right ashtag, Nico can't read Tas, no corners will keep
- 30:21thinking proof of Work is an unethical waste of energy until
- 30:25Cory. What the fuck.
- 30:27Why did you pick that, goddamn? Okay, no, it wasn't you, it was
- 30:30Jason. It wasn't you Corey.
- 30:31You wouldn't do that to me. No corners will keep thinking
- 30:34proof of work as an unethical waste of energy until they
- 30:37understand its function. Okay?
- 30:39So, so Sisyphus was the guy that was pushing the rock up the hill
- 30:43and it can't go any battling down.
- 30:45Yeah, exactly. So sisyphean task is one where
- 30:47you basically can never actually win because even if you get it
- 30:50to the top it just rolls down the other side.
- 30:51Anyway, so So so yeah. That's what's going on there.
- 30:56I was too. I just thought that tweet in the
- 30:59thread was particularly well stated and it also just
- 31:02confirmed, you know, some things that I've been saying the last
- 31:04few days, I've squab multiple times with folks from like coin
- 31:10Center and the blockchain association who claim that they
- 31:15always have Bitcoins best interest in mind.
- 31:17But the incentives prove that that's just impossible, you
- 31:21could be the nicest most Bitcoin Pro fan ever.
- 31:26But if your funding comes from altcoin projects and altcoin VCS
- 31:30which it does you're going to be nice to them by definition and
- 31:34you're going to equivocate. You know like me Raj actually
- 31:37likes Bitcoin. He does.
- 31:38He really likes Bitcoin and he'll fight for Bitcoin like you
- 31:40and Jerry will write position papers.
- 31:42If there's something like Contra Bitcoin or whatever, but they
- 31:45also have to play this card of being nice to the altcoin
- 31:50people. And they have to say like well
- 31:51those people Can argue, if they want to write, like, they have a
- 31:55right to Lobby about, you know, their opinion.
- 31:58They think proof of work is bad. Who are we to say that?
- 32:00They're not wrong and I'm like, well, it's not true.
- 32:04So what are you talking about? Like are you a person of
- 32:08Integrity or have you completely sold your soul and we'll just
- 32:11like take the money. So I just don't buy it.
- 32:14I did. I just think that it's a good
- 32:16thing not that every one of these organizations is going to
- 32:20be perfect. The ones that just started up in
- 32:21the last The Bitcoin lobbying groups likes at Center and the
- 32:25other two or three that are that are up and running.
- 32:28But at least their Bitcoin focused and Bitcoin only and
- 32:31they're not going to have their message in their incentives,
- 32:33diluted by these criminal scam artists that are paying for the
- 32:38crypto and blockchain Association type lobbying
- 32:42organizations. Yeah and in there was another
- 32:45tweet that kind of adds to this because again guys, you know,
- 32:50part of this shows to kind of paint you Vide you value and
- 32:53entertainment, almost every day and we try to paint you a
- 32:56picture and Cory. You put it in a much more
- 32:59elegant way, you know. I'm a little bit more hyperbolic
- 33:02but I've been covering this as well, right shit coins need the
- 33:04state to survive. This is why coinbase and team up
- 33:08with the world economic Forum. You say it in a much nicer way.
- 33:11Altcoin companies and VC's pay for the lives of the people who
- 33:15work for blockchain and crypto lobbying altcoins must Fudd,
- 33:19Bitcoin to survive altcoins must seek to Controlled by Banks and
- 33:24governments to survive. Could you elaborate a little bit
- 33:28on that from your perspective? Yeah, I mean, game,
- 33:31theoretically, the only way and unregistered security that is
- 33:35centrally controlled can survive is to allow itself to be
- 33:38co-opted by the existing system because it can be attacked by
- 33:42the existing system. So it must seek to be co-opted
- 33:45and that's why you see, if they're in foundations, seek
- 33:48investment from government, seek investment from JPMorgan, like
- 33:51they're there. Consensus is trying to be taken
- 33:54over by these people and to partner with them and to
- 33:56essentially become part of the Legacy Financial system which
- 33:59makes total sense. Because proof of stake is Fiat,
- 34:01right? So why it's just more of the
- 34:03same or not? Inventing shit.
- 34:05In fact, the whole Vector of what's going on there is that
- 34:08these defy crypto people, hope for the tokenization of
- 34:12everything and for everything to be financialized, right?
- 34:16They want to take us from where we are today which is you know,
- 34:19the financial industry being, you know, 15 or 20%.
- 34:22GDP. And they want to take that up to
- 34:24like 50%. They want everything to be
- 34:27naturalized. Everybody has to be a hedge fund
- 34:29Trader. You're gonna, you know, have a
- 34:31liquid market for literally everything in your life and
- 34:34that's going to just be like all you do.
- 34:36All day is like trade instead of be productive, right.
- 34:38But finances is zero sum by definition.
- 34:42It's supposed to just be as cheaply as possible with this
- 34:45few resources as possible, allocate Capital to productive
- 34:50use and then make real things. Not just rent-seeking, you know,
- 34:55Arbitrage basically, which is what trading is.
- 34:57It's just Arbitrage, essentially, and historically,
- 35:01until until the early 80s, when we really started to financial
- 35:05eyes, the financial sector was like three or four percent of
- 35:08GDP. That's the direction we want to
- 35:11go. We want to chop Bitcoin will
- 35:13chop 80% out of the finance industry.
- 35:15That's what we want to see. We don't want to see this defy
- 35:18crypto vision of tokenize, everything and financial eyes,
- 35:21everything and all of these records having coins attached to
- 35:24them and all this bullshit and try to like, triple the size of
- 35:26that, which is their dream. Like it's a, it's a dystopian
- 35:30fucking nightmare is their dream.
- 35:34Absolutely. And in to add to your point.
- 35:37Parker Lewis wrote a very good article on that topic.
- 35:40Specifically, it was called the Great D financialization, and he
- 35:43covers that specifically. Oh, put that in the link
- 35:45description. Anyways, check this out but I
- 35:48know you guys are paying attention to but what I'm paying
- 35:51attention to is the fact that Cory almost wore a suit.
- 35:56The denim Blazer bro, not for us, just a t-shirt from just
- 36:01kidding. If he wore a suit, we would have
- 36:03made fun of him the entire time. They're shout out to Cory.
- 36:06But personally, Cory, I'm definitely gonna make the
- 36:08thumbnail about this. I personally plan my company's
- 36:11finances and my family's finances with a 90% expectation
- 36:15that we'll see Bitcoin at 1 million dollars by 2030.
- 36:20What made you, why so bearish? That's what you're supposed to
- 36:23say. That's exactly what I was
- 36:25thinking. Yeah, that's what I was gonna
- 36:26say. Listen, that doesn't mean that.
- 36:29There's not like 89 percent chance of 5 million.
- 36:32I'm just saying there's a 90% chance of one man tried to be
- 36:36reasonable for the, you know, there's a bunch of no coiners
- 36:39and, you know, Seem to be quieter is normies on head,
- 36:42guide, fun Stratton Bloomberg and stuff.
- 36:44So I'm like trying to be reasonable core.
- 36:47You know, not trying to come in like, like fucking put on a
- 36:50Blazer. Let's go try to be kind of
- 36:53reasonable. Oh man.
- 36:56Yeah, I'm like, I'm not even, I'm not even saying that all the
- 37:00crypto people are scammers. I'm saying, like, some of them
- 37:02are Venture bats that best. And, you know, scams that worst
- 37:06things like that. You know what I mean?
- 37:09I'm Douglas. Telling you guys all these
- 37:10shows. No, I mean I'm glad because you
- 37:13could just be yourself because it's a bit coin show but Corey
- 37:16what made you come to that conclusion?
- 37:18What do you seeing that? What are you seeing that?
- 37:20We're not seeing. I just I just want to add bright
- 37:24when you were debunking plan. Be rightfully.
- 37:27I may I might add Phil and I got your back when that happened
- 37:31because we knew he was full of shit.
- 37:33So, you know, clear and you have a finance background of course.
- 37:36So you know what, logic, much more of a That's math background
- 37:41than I do. Like a hardcore Finance
- 37:43background even better to see ya even better.
- 37:48It's just it's just way back in there.
- 37:50So like it's not enough to do new shit, but it's enough to
- 37:53call bullshit on bullshit because it's been 20 years but
- 37:58like I know when something is bullshit.
- 38:01Okay, so okay. So to that, now, you gave me two
- 38:04questions. How do you know Plan B was
- 38:06bullshit? How did you come to that?
- 38:07Oh my god, dude, honestly, I haven't Like done with it.
- 38:10Okay. Missing on over it.
- 38:12Just honestly, you can look it up on Twitter.
- 38:15There you go. Okay, got my handle and suf on
- 38:18Twitter, he's talked about it too much.
- 38:19He's burnt out. Bad energy, Cory.
- 38:23Yes, I got to that 1 million dollar prediction, bro.
- 38:26Oh well, I consulted on chain analytics.
- 38:32In my ass. I asked some teenagers about it
- 38:35and and they told me from their vast experience, how to read
- 38:39these charts. It's and that's how I got to it.
- 38:42No, I mean, I think, you know, the the percentage gains law of
- 38:48large numbers means that these things should kind of diminish
- 38:51over time. I think that's kind of what
- 38:52we're seeing is like the this and that's totally fine.
- 38:55Like it also just means the the returns are just kind of like
- 39:02more secure to write with kind of like chopped off the Left End
- 39:05of the distribution. That's only a 20 x from here.
- 39:09We're Already up, you know, we went from like 3K to 69k or
- 39:14something like that in the peak to trough very recently, we're
- 39:18hanging out just under 50 right now.
- 39:21Eight years. Do I think we got a 20x and Us
- 39:24in eight years? Yeah.
- 39:26Yeah, I do. I do think so, and I'm planning
- 39:28for it for both my family's finances, and my company's
- 39:31finances, sat sent parody by the end of the decade.
- 39:36And that's, that's a much easier bar.
- 39:38Also when you're thinking about, You know, in nominal dollars, I
- 39:42usually talk about this in terms of actual purchasing power.
- 39:45So that's actually my prognostication since 2020 or
- 39:492021, so thinking about it and uninflated Away dollars.
- 39:54Wow, that's man. Yeah, right.
- 39:56So you actually only probably need to hit like six or seven
- 39:59hundred K in in real dollars because you'll be at A Million
- 40:04nominally, by the end of decade. So that man, that's great.
- 40:09Corey. So, I So I think all bitcoiners,
- 40:11you know, I mean, you know Phil, quit his job.
- 40:14I've been full-time Bitcoin really for a couple of years
- 40:16now. Yeah.
- 40:18I mean, we're all putting your fucking hopes and dreams in the
- 40:21orange coin. I think we made a good bet,
- 40:24Cory. I know a lot of people are going
- 40:25to take their going to interpret this or gonna bite on this
- 40:28specially, people getting into Bitcoin and that's usually who
- 40:31are show is for when you mean one.com.
- 40:35Yeah, we're gonna kill it at the end, so no, it's Nots one.com
- 40:39Swan big. In.com snowman coin, it's /.
- 40:43What exact one.com. Simply Bitcoin works too.
- 40:46That works too, okay, bro, we're gonna put it down, you know,
- 40:49you're gonna have a beautiful link down there scrolling
- 40:52through the screen, it's gonna get above Cory's head, but can
- 40:54I, can I get one of you guys to throw up the swan?
- 40:57There you go. By the way, you can only do it
- 40:59with one. Only one arm if you do to its
- 41:01cultural appropriation because that's the cue dog, okay?
- 41:05Yeah, you know, okay, there you go, not they'll do it, right?
- 41:09So you're going to want to do. Ooh, one bill, we could touch
- 41:10her. We could touch that.
- 41:12Yeah, exactly. Wait, am I touching your beak
- 41:15Phil? No, I'm next to you facing your
- 41:18way. No, no, but it my screams me,
- 41:20okay. I know what?
- 41:20Mine boiler. Way back on track, man.
- 41:24Focus it coin. There's a Will Smith joke in
- 41:29there. Somewhere, there it is.
- 41:32Okay, Corey, so you said diminishing returns.
- 41:35I know a lot of people are going to interpret that.
- 41:37I like I'm too late to bitcoin. What would you say, hmm.
- 41:40Not a now because the like the risk/reward is just so insanely
- 41:43good. I mean, it's gonna I think it's
- 41:45just going to keep on charging up for centuries and it's never
- 41:49going to zero and the, you know, the troughs are just I just
- 41:52don't think you're going to be seeing like 80 85 % drops ever
- 41:55again. So I think we're kind of getting
- 42:00shedding ourselves of the illusion of Cycle Theory which
- 42:03was never real. It was just one data point and I
- 42:06was always skeptical of that and you know my Trader friends and
- 42:09Esther friends from outside the space always insisted that it
- 42:12would be a random walk because we got too many people in it.
- 42:15It's to institutionalized really, just bring the CME and
- 42:18the market in 2018 was enough to guarantee that there would be
- 42:22enough, you know, sort of institutional money, to sort of
- 42:24avoid, you know, anything related to having effects or
- 42:28something like that. So, I think we're just on a
- 42:31random walk up. It's still going to go way up.
- 42:34You're still going to get crazy Euphoria over like, you know,
- 42:38two or three nations getting Into it or you know, six
- 42:41multinationals, buying Bitcoin or some kind of crazy new tech
- 42:45Innovation that you know makes layer 3.
- 42:47Super dope and 2024 22:29 or something like that.
- 42:51Like not 2024, but 2029 maybe. So there will be, there will be
- 42:56God Candles, there will be crashes and we'll get out over
- 42:59our skis and stuff like that, but I just don't think it's
- 43:01based on the calendar. I mean, there's too many people
- 43:05with too many different uses for Bitcoin and ways to think about
- 43:08it using it in there for Folios using it for their business.
- 43:11Like, all these different ways and reasons that people have to
- 43:14buy at different times in different sizes.
- 43:16Like it's a proper market now, is there still and I get this
- 43:20question a lot and I think it's a perfect question for you,
- 43:23Cory. Is there still a hundred X in
- 43:25Bitcoin? Yeah.
- 43:27Yeah. Just going to take a while.
- 43:29It's gonna tell ya while but that's that's 5 million.
- 43:31That's what, that's a, five million a coin.
- 43:34Yep, 100 trillion market cap. That's like 25 percent Or 20,
- 43:40it's 20 to 25% of the market for which Bitcoin is the best tool
- 43:44for the job. Yeah.
- 43:45Right. Bitcoin stores value, the better
- 43:47than anything else. That's 400 to 500 trillion
- 43:50dollars in purchasing power today, you know.
- 43:54And so you're just saying, like, do you think it'll capture 20 or
- 43:5725% of the market for which it's the best tool for the job.
- 44:00And then over what time frame is that going to happen.
- 44:03Yep, man. You're making me bullish.
- 44:06All right guys, so you guys know we've been telling you, To take
- 44:09a break. So we kind of have to get a
- 44:11little bit serious on the news. We covered this on Sunday to
- 44:15give you guys a quick refresher the EU because of the AML and
- 44:21kyc regulation, essentially, what they're going to what,
- 44:26they're not going to ban self custody directly, but they'll
- 44:29make it incredibly difficult for for companies to keep up a
- 44:33regulation and they're voting on that in the next 48 hours.
- 44:39So it's a very scary stuff you know, we're hearing you know
- 44:44what what I call framing which on hosted wallets self-hosted
- 44:48wallets Bitcoin. There is no difference in
- 44:52Bitcoin. But again you know, from the old
- 44:54world, why are they doing this? You know, the same reason that
- 44:58the environmentalists are attacking Bitcoin for the first
- 45:00time in human history, people have a chance to save and money
- 45:05that can't be debased, you know? And that's the reality that
- 45:07takes power away from To be able to manipulate their population
- 45:11through monetary policy and they feel threatens, right?
- 45:15So, they're using, you know, the regulatory Motes that they've
- 45:18used to, you know, kill all competitions to the banks.
- 45:22For, I don't know how long and it looks like they're trying to
- 45:26kill one of the best features in Bitcoin, which is self custody.
- 45:29I know Swan is a huge advocate of that.
- 45:32So I don't know if, you know, the u.s. is a little bit
- 45:36different because of how its structured the individual states
- 45:39have A lot of sovereignty. Texas is a lot of skin in the
- 45:41game so it is Wyoming. So I don't know if that would
- 45:45come to the States but it's definitely very, very scary
- 45:48stuff. The fact that you know, self
- 45:51custody through kyc exchanges in Europe, could potentially be
- 45:55banned now, you know, before you start panicking, right?
- 45:59We've known in countries like Nigeria countries like China,
- 46:02right? What happens when they ban
- 46:04Bitcoin? It just pushes it underground
- 46:07and you have a rise in those countries involved.
- 46:09I'm of peer-to-peer transactions, I suspect the same
- 46:12thing will happen in Europe but Corey from your position.
- 46:15How do you feel about this? I think it's absolutely
- 46:17disgusting. Oh, you're on you.
- 46:24Well I mean I can be on you because I was going to repeat
- 46:27what Nico said. Yeah, I mean, it's gross.
- 46:29It's I mean KY caml is stupid in the first place.
- 46:33It just ends up in these, these honey pots.
- 46:35That just make it super easy to Target people.
- 46:37It's so easy to hack. Those things when you aggregate
- 46:39all that information in one place over and over and over
- 46:42again. You see that?
- 46:44There's just massive government overreach.
- 46:46But what else do you expect like Europe has just been kind of
- 46:50like Ring and to irrelevance because of too much bureaucracy
- 46:54for so so long. I don't see that coming to the
- 46:59u.s. I really hope that it doesn't.
- 47:02I feel like there will be enough challenges and enough people.
- 47:05You know, across the political spectrum that still care about
- 47:08freedom and property and privacy enough to get in the way of
- 47:13something like that. So even if you saw something
- 47:16like an executive order, I feel like it would just get repealed
- 47:18as soon as you had like a new friendly.
- 47:21Ian, something like that. So I think, I think the
- 47:24combination of Bitcoin being so well aligned with kind of
- 47:28founding American ideals, and a still having enough enough power
- 47:34with elected officials and versus the sort of career Burke
- 47:38bureaucracy. Like it's bad here.
- 47:41It's way worse in Europe. Like the unelected career
- 47:44bureaucrats have way more power over there than they do here so
- 47:48I think we should be able to avoid it.
- 47:50I've seen Shots of it like what it looks like on some of these
- 47:53exchanges because I think maybe Switzerland past some kind of
- 47:56law want to say it was Switzerland.
- 47:57But yeah, it's ugly men. You know, certifying that you
- 48:02own the address and you know giving over your information and
- 48:05your idea and stuff to a blockchain address.
- 48:07Like so nasty and counter to the whole point of this thing.
- 48:12Yeah. And and you know, and a lot of
- 48:14people are, you know, because we see it in gladstein has an
- 48:17excellent book where he talks about the financial privilege
- 48:20aspect. What we don't understand right?
- 48:23Is that this KY caml system. Essentially has deemed half the
- 48:27world on bankable because of the place they happen to be born it,
- 48:32right? So when you advocate for that
- 48:34type of system, you're advocating for a system of
- 48:36exclusion, right? And you know, look at the
- 48:39consequences look Afghanistan look at men as well aware, you
- 48:42know, I'm from like you know, people literally don't have
- 48:45access to the financial system or to receiving money from
- 48:49overseas. Because they happen to be born
- 48:52in the wrong country and the only thing that still does not
- 48:55care his Bitcoin right now. I know a lot of people are using
- 48:58stable coins but they're getting a false sense of security in
- 49:02those stable coins because they're centralized.
- 49:04We know that tether freezes addresses, right?
- 49:06If you know the government bureaucrats knocks on their
- 49:08door. So yeah man, it's a very scary
- 49:12time but I'm I'm optimistic on America as well as you are Cory.
- 49:16So let's see how this plays out. Phil, you have any closing
- 49:19thoughts? Just that I Echo the same
- 49:22sentiments as you guys, you know, I mean, having grown up in
- 49:24Canada and, you know, understanding that, you know,
- 49:27Europe like Canada, much more socially, you know, socially
- 49:31minded socially, so to speak run as a result.
- 49:36I think that people over there are much less inclined towards
- 49:40the quote unquote, Freedom Technologies, right?
- 49:43And I think that that's something that we still have.
- 49:46You know, we still have that Spirit that's vibrant in in a,
- 49:49you know, in the states which, you know, to a certain extent.
- 49:52Yes, has definitely, you know, taken a hit, you know, let's say
- 49:55over the last few years, you know, where maybe even decades,
- 49:58so to speak. But at the same time, where else
- 50:01are you going to find that freedom?
- 50:03There are pockets of freedom and they are here.
- 50:06So you know what, I think that even though the EU may end up
- 50:09doing something like this. It's like you said, you're going
- 50:12to see the peer-to-peer markets, just go through the roof and
- 50:14you're just going to see people circumventing this because all
- 50:17it's going to do is show everyone in plain sight.
- 50:20Hey, Okay, we are trying to pull the wool over your eyes and this
- 50:24is and this is the real thing right here, Bitcoin.
- 50:26And we want to make sure you don't get to it and all its
- 50:28going to do is help sell our Point.
- 50:30Yeah, I agree. I agree but I filled it wasn't
- 50:33open source software released today.
- 50:35Why don't you tell everybody about it software releases
- 50:38brought to you by Cipher safe? Check them out.
- 50:40Cipher safe dot IO. Look storing, your seed on paper
- 50:45is just completely Reckless store your seed in the safest
- 50:50place possible. The Cipher wheel or the all new
- 50:53Cipher grid, they both come with a tamper-resistant wire but the
- 50:57grid comes with a punch tool. All right?
- 50:59We've got Mercury wallet version 0.6, not 5.
- 51:03That was released its Down Below in the show notes.
- 51:06Guys, don't forget to check us out.
- 51:08We release our episodes on audio.
- 51:10Only platforms Apple, podcasts Spotify, and anchor, and if you
- 51:15want a stream of some SATs Fountain dot f m--.
- 51:18Awesome. Thank you for.
- 51:19All right, guys. Before we going to give a very
- 51:20special Special shout out to our hoodie.
- 51:22Sponsor rep heart.com, represent LTD.
- 51:25You can take advantage of a link down below to get 10% off.
- 51:27Anything off the represent LTD.com score.
- 51:30I also want to give a very special shout-out to the
- 51:33legendary Corey clip. Stood Swan.
- 51:36I got it. I got a quick Announcement, by
- 51:38the way, since you brought up Fountain you will very soon.
- 51:42Be able to purchase SATs through your bank account, straight to
- 51:47your lightning wallet inside of fountain.
- 51:49Using swan We go, wow, nice blush bullish.
- 51:55So you guys can follow Quarry at core.
- 51:59Eclipsed in on Tweeter, definitely go check out Swan.com
- 52:03simply Bitcoin sign up today. For one of the best places to
- 52:08buy the corn guys. That was our show.
- 52:10If you enjoyed the show, anyone serious, man.
- 52:13Of course, if you want to continue here in the bitcoin
- 52:14news, from the Polly Platt perspective in the catastrophic
- 52:17fails that make everyone feel uncomfortable.
- 52:19Definitely subscribe to Simply A coin will see you tomorrow.
- 52:21Get no. We will not see you tomorrow.
- 52:24We will see you in 10 days because we're taking a break.
- 52:27Is the longest break. You guys are going to have to
- 52:29endure, but we'll post will try to post clips and we'll post
- 52:32stuff from the conference as well, and things.
- 52:34Yea, So La Vita Zane, bye guys. Say bye.
- 52:37Phil direct to see us for a while.
- 52:39Alright, so here's the quote, to quote, our most, excellent
- 52:42awesome guest. Do I think there's a 20x and
- 52:45Bitcoin in the next eight years? I'm planning my family's future
- 52:49around it.