Latest / Simply Bitcoin / Is Intel about to change bitcoin mining forever? | EP 442

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Is Intel about to change bitcoin mining forever? | EP 442 · Simply Bitcoin

0:00
I don't believe since we shall never never good money against
0:04
before we take something out of the hands of governments.
0:08
Welcome back everyone. We're simply Bitcoin.
0:10
We break down the news. The daily fail me review,
0:13
software releases Hardware releases and the websites by
0:17
plebs. All right, Nico were diving into
0:20
the numbers. Let's do it.
0:22
Brought to you by Bitcoin 2022. It's gonna be the largest
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We also have my name bouquet lay, Michael sailor, say 15,
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your tickets to bitcoin 2022. At the time of this recording
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the block, itís, 725,000 335 the Bitcoin price, 40 1700 chain.
1:00
Right day. 711 total public lightning capacity. 3440 6.35,
1:06
Moscow time. 2398, are we still allowed to say, Moscow, time?
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It doesn't matter. Anyways, 2398 blocks to The
1:14
Happening 114,000 665, and the samurai Whirlpool unspent
1:20
capacity. That's right, that is a coin
1:23
join or collaborative spend service.
1:24
The unspent capacity on Samurai Whirlpool is 4390 4.15.
1:29
In btc-e, nice. Very nice, the numbers.
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The numbers, dude. So, man, it was a too soon for
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that for that for the Moscow, joke.
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I don't know. I don't know.
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I just, you know, I saw yesterday on Twitter.
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Somebody made a comment about it.
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I was thinking, I'm like, oh, you know what?
1:49
I'm like, maybe we need to know. We're not changing that.
1:52
Maybe. Okay, so Phil check this out.
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I was gonna go through some hope IAM numbers today glass, no
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numbers. Look phenomenal.
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However, We got a comment and it really bums me out.
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I'm going to pop it up for you guys, but it basically says, so
2:04
you guys have been become a right-wing Bitcoin promoting
2:08
Channel. Whoa, so much for being pull it
2:10
a political, thanks for all the info and encouragement and
2:13
Bitcoin. But my respect for your a
2:15
political platform is gone, very strong comment.
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Now I wanted to address it what we wanted to address it Phil and
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I spoke about this before we started recording.
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Okay? So I'm assuming you're
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responding to the psaki Comments that we made yesterday.
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Okay, so let's get something straight.
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Okay, the environmental attacks on bitcoin aren't coming from
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the right side. They're coming from the left
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hand side. Step one, step two, is the
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political attacks on bitcoin. The majority of them are also
2:52
coming from the left hand side. They are not coming from the
2:55
right hand side. So again like we've always said
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on the show we are a Political in the sense that listen if
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there's a democratic you know, in the United States if there's
3:07
a left-wing politician that supports Bitcoin and supports
3:10
Bitcoins ideals, then we will support them.
3:13
We don't care about political parties in the traditional
3:15
sense. But again like I said in the
3:18
episode on Sunday, I'm starting to pick up a pattern and the
3:22
pattern is freakin obvious and if you still don't believe me, I
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brought some receipts check out this website.
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It's called. Do they support crypto, right?
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And it goes through Pro crypto Senators, Senators against
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crypto, right? And it goes through all their
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stances, right? And look, again, like I said,
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guys, there's a pattern right Senators against Oregon.
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Democrat Ohio Democrat, Rhode Island.
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Democrat Massachusetts. Democrats Pro Senators, Wyoming
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Republican, Texas, Republican, but Sylvania, Republican, Texas
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Republican. Now, High also said, it's not
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Black and white right there is some crossover Ron Wyden, organ
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Democrat. Rick Scott.
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U.s. Senator Florida Republican.
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So there is cross over. But V, initial point that I
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said, is, I'm starting to pick up a pattern and that pattern
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shows right here. It speaks for itself.
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The majority of senators that are against Bitcoin and shit,
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coin are on the Democratic side. The left hand side, the pro
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Bitcoin and shit. Coin Senators on the Republican
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side, the right hand side and that's just a fact and this
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website lays it out and look. So, let's go to the Santa's
4:39
since Cynthia lummis, has the most 60 stances, right?
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We know who should we know Ted Cruz is super pro.
4:46
Let's go to Elizabeth Warren, 17.
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She's talking about it a lot. We have to think hard about how
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new technology affects our climate Bitcoins.
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Energy use has more than tripled since 2019.
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The crypto industry claims, that cryptos the path to financial
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inclusion, which it is. But Bitcoin ownership is even
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more concentrated within the top 1% than dollars that's bullshit.
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We fact check that right again. So I'm sticking to my guns.
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If you see it as us being right wing because we're pointing out
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facts. Like you could vary, we put all
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the sources below, you could verify it yourself and remember
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and it was on Sunday's episode that I told you it was over the
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weekend. It was Saturday's episode.
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I said I've never Wanted to go out and say this, on this
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channel because we knew we were gonna get attacked.
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And that's exactly what happened, right?
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But again, the pattern is undeniable, put the put your
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political de leanings, aside. We don't care about that.
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We don't care about the old political tropes.
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I think it's fucking stupid, but the pattern that I'm starting to
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pick up, which is what I said on Saturday and then I found this
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site to, you know, back up my points.
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It's undeniable. So if you want to say we're
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right wing Channel, because we've picked up a pattern that
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you could verify and you could check yourself, then call us
6:06
right wing. But we know we're not the tax on
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the environmental stuff with Bitcoin are only coming from the
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left or not coming from the right.
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So again I'm going to say I'm going to reiterate the point
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that I always say we are not political in this show, we're a
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political, but we are going to call out the people that And
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against Bitcoin. And in this moment in time that
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could change in the future, it happens to be coming from one
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side of the political aisle, more than it is coming from the
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other side of the political aisle.
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However, like I said before, it's not black and white.
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We know that Donald Trump's against Bitcoin right.
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So it's not black and white but it looks like their sides.
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They're my two cents. Phil, I don't know why, I'm
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moving to Florida. Rick Scott's sucks.
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I just saw that there, he's against crypto.
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But look, all joking aside right to your point.
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Look, I think I have to start by saying for the people that don't
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know. I'm originally Canadian.
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Okay. And I moved here and I currently
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live in taxes. Chuse.
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'It's so I have a great predisposition to understanding
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all kinds of the wonders of you know all the social system and
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all you got to do is pay the taxes and you'll get all these
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wonderful Services. Look, I've been brainwashed with
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this stuff since I was a kid I absolutely hate politics, okay.
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Politics is a bunch of Nonsense and what people need to take
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away. The look this is exactly what we
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said was going to happen, Okay? Bitcoin is going to be made into
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a partisan issue which it's not freedom is for everyone.
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In this is what we keep explaining it just so happens
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that right now at this point in history Bitcoin is aligning very
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strongly with the same ideals that the right has expressed
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That can easily change number one, number two, people can
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change as well. So the reality is is that we
8:04
need to not get sucked into the bullshit of left and right.
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Okay. Because it absolutely is.
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It is complete nonsense. I mean, if people don't see that
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all this does is create Division.
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I, I really don't know what else to say, but it's complete
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nonsense in every single person whether you're right leaning,
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whether your left-leaning, you can benefit, we can benefit from
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having proper. Found money like Bitcoin.
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This is what matters so we can't get lost.
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So look it, my personal, you know my personal opinion,
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obviously not upset, you know, with what the person said like
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that's you know, that's their opinion and I can I can
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understand how they can see that because of the way that the
8:42
information is right now, but if we just zoom out we can see
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that. This is good for everyone.
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So anyways, only know you're 100%, right?
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Look we Stand for Freedom, right?
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And the, you know, the ideals of Bitcoin, which is, you know,
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private property, you know? Nope.
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No censorship, right? And here's the thing, it's
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funny, you mentioned, the historical perspective, fill in
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the left in the 1950s and 60s, were Pro free speech, and it was
9:16
actually the right, that was trying to censor them, right?
9:19
So, again, it's switches over time but it just happens to be
9:23
that in this moment in history. The right happens to want
9:27
freedom or and the left wants to have once have more centralized
9:31
control, right? So, I don't know, dude, but you
9:34
know, if you still think we're right leading, so be it but then
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you're totally missing the message, which is we stand for
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Bitcoin, We Stand For Freedom. That's what we're all about.
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That's what Bitcoin represents. If you're against Bitcoin you're
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against Freedom, like that's just how it works, right?
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So you know that's how we feel about it was and if any Leaning
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Republican or right leading persons goes against Bitcoin.
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We're going to call them out and trash them just like we did with
10:02
Donald Trump. We did a whole episode talking
10:04
shit about Donald Trump. Not the one over weekend but we
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did one like a couple months ago on that.
10:08
So again, it has nothing to do with left to right has to do
10:11
with freedom. We so hold on.
10:13
I also want to point out. We did explain that Ted Cruz was
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as using this as a political standpoint as well, it's a game
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brownie points, so it's not that we're giving a, you know, Biased
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opinion. We're doing, you know, we're
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doing our best to provide an objective opinion that sticks
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closest to the tenets of Bitcoin.
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Yeah, we all support and get behind any politician that
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stands for Bitcoin. Like that's just how it is.
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We don't care if they're on the political left of the political,
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right? Because again, you don't change
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Bitcoin, Bitcoin changes you. So we don't, we're not concerned
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about left and right. And all this shit.
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We are concerned about Bitcoin and Hyper Bitcoin ization and
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any politician that wants to help that great will get behind
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them. And any Politician.
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That is against that. Well, you know, criticize them
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but the reality is which is what I said over the weekend.
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I pulled up the website. The reality is that there is a
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the majority of senators that are against Bit Coin and crypto
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are on the left-hand side and the majority of senators that
11:12
are pro Bit Coin and crypto are on the right hand side that's
11:16
it. That's all we're trying to say.
11:18
So if you want to criticize us and call us a light rheault,
11:20
right? And all that shit.
11:22
So be it, but you're misinterpreting what it is for
11:25
Anyways Phil it's time for the daily fail brought to you by
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Ember app. Check them out.
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It is the best way to buy Bitcoin.
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It's Bitcoin, Made Easy, low fees, Fair spreads smart
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automation. The link is down below smart
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ways, that sense. All right, after yesterday's hex
11:44
expose, we decided to go a little, you know, go a little
11:48
light. Do some some three quick fails
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and we are going to dive into them right away.
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We were tagged by mr. Robot in this, I He I think I
11:56
think this is his work. Let's take a look at it, coming
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to a country near you and yes, that's right.
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That is 1920s depression verses 2022, Russian Banks. 100 years
12:08
and we haven't learned shit sad, but we now have Bitcoin.
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We do not have Bitcoin back then.
12:16
So just kind of scary, because we have Bitcoin right now and
12:19
those people are still standing in line.
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All right. Maybe Bitcoins not fixing this
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yet, but it will. I mean, when we'll fix this, it
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will fix it for people who choose to adopt Bitcoin.
12:30
But for butter that choose to live in the Fiat Matrix again
12:34
because of convenience, right? And Central Bank digital
12:36
currencies are going to be even more convenient, you know?
12:39
Again it's what I've been saying guys, it's convenient slavery or
12:42
slightly less in Cut slightly inconvenient, Freedom, which is
12:47
what Bitcoin enables right Bitcoin isn't going to be as
12:50
convenient as perhaps it will in the future.
12:53
But again, I'll put it in. More simplistic sense, right?
12:57
A centralized system is always going to be quicker and snappier
13:01
than a decentralized system, okay.
13:04
Also, Bitcoin is open source, right?
13:06
You know, a closed Source system, right?
13:08
You know, with, with a centralized Dev team and all
13:11
that, you know, they have more capability to make it snappy to
13:14
make it quick to make it, this right Bitcoin is open-source
13:18
Bitcoin is decentralized. So in my opinion and again like
13:23
this could be so that the technology and like 10 years
13:26
could be that it's so good that you don't even notice that
13:29
delay, right? But on an architectural sense,
13:32
right? A dense decentralized system
13:34
because of how it's built is always going to be slightly
13:37
slower than a centralized system.
13:39
So again, what does this have to do with the picture?
13:42
Again, do you want something slightly less convenient?
13:46
So that you don't have to wait in a line or you don't have to,
13:50
you could free, you could leave the country.
13:52
If there's, you know, war and all this, that you can take
13:54
everything with you, like we Right?
13:55
We were talking about all the stories and stuff about how this
13:58
Ukrainian escaped, and he was able to take some money with him
14:01
and his debit cards didn't work. Or do you want to live in the
14:03
cuck system were essentially you're prone to this if shit
14:08
hits the fan, you're going to have to get in line and forget
14:10
about the one. 800 number. They don't give a shit about
14:12
you. Perhaps you're a trucker or
14:14
something. I don't know.
14:16
All right, well, tore that picture apart.
14:19
All right, moving on. Okay, let's do this.
14:22
Let's take a look. This really got me thinking.
14:24
So the two next Elzar by fellow Bitcoin ER and Watcher of the
14:28
show Hans films, we always talk to we always talk to him and EMS
14:33
provides us such great information and Great Links.
14:36
This story though, really got me wondering how much money am I
14:41
actually allowed to have on me in the car.
14:44
Okay, so let's just take a quick look at this man arrested, after
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almost 200k found stashed in toy boxes during a traffic.
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Stop 64 year old among though Rendon was arrested the past
14:54
Tuesday after being He pulled over for a traffic stop, while
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the traffic stop was happening, the deputies on-site.
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Say they spotted several criminal indicators, they
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discovered three toy boxes that contain massive amounts of cash.
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The amount of cash seized amounted to about, two hundred
15:09
thousand dollars as a result of the findings, Rendon was
15:12
arrested and charged with money, laundering, greater than 150 and
15:17
less than 300,000 a second degree felony.
15:22
And this just, I was like, wait a second.
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I mean was he money? Laundering.
15:27
So anyways, I just like I have to go and ask the question,
15:30
right? And essentially this is the
15:33
response that I found on answers.com.
15:35
Is there is a lawyer? We're not lawyers, by the way.
15:37
Yeah, we're not lawyers. This is what's right from the is
15:40
what we're getting, you know, just pointing that out.
15:41
This is not legal advice but you know on answers.com they say
15:44
there is no limit to the amount of cash you are legally allowed
15:47
to carry. However if you're stopped for
15:50
another reason and the police discover that you're carrying a
15:53
large amount of cash, they may see Spec you've some criminal
15:56
activity such as involvement in the drug trade.
16:01
So I'm I mean this just seems like they don't like he was
16:08
charged with this and we don't know anymore and it just sounds
16:12
to me like the only thing he did was have this money in boxes now
16:15
granted, it is kind of strange that he had them in toy boxes,
16:20
but I guess he also understood maybe that if he was pulled over
16:23
for some reason. And they Arted to search his
16:25
car, you know, maybe they would look over that obviously, they
16:29
didn't. So this is don't, don't you find
16:32
that? I don't know to me, this is
16:33
just, this is just kind of strange and it also illustrates
16:36
why we Bitcoin. It's the wealth confiscation
16:41
laws, right? Each country are absolutely
16:43
crazy. If the police is specs that, you
16:46
know, if they see a wad of cash in your car, they could say that
16:49
pertains to a criminal that could pertains to a crime or
16:52
that pertains to something sketchy, they could Easy.
16:55
And you essentially have to prove that that wad of cash
16:58
isn't related to a crime and that's the only way you get your
17:01
money back. Now here's the thing, right?
17:03
Also, when you're traveling, if you enter the u.s. you could
17:06
only bring up to ten thousand dollars in cash, right?
17:09
So again, but this guy wasn't crossing any borders, right?
17:13
This is what makes this stuff really creepy.
17:15
Well, that's why this is a fail. You know, we always say on this
17:19
channel, right? Which is like the government
17:21
doesn't see money as yours. They see it as like You can have
17:25
it for now until you cross us. Then it's not really yours
17:29
anymore, right? And then it's like wealth
17:31
confiscation or asset come for asset seizure.
17:34
I think it's what it's called, right?
17:36
So asset forfeiture is the correct term.
17:40
So, look again, with Bitcoin. If you correctly store your seed
17:45
phrase, specially if you use multisig and all that good
17:47
stuff, the ability for the state to seize, your wealth becomes,
17:53
increasingly difficult If everybody properly stored their
17:57
seed, it would become extremely expensive and almost impossible
18:02
for the state to effectively redistribute and sees wealth,
18:07
right? So, like I've been saying on
18:10
this channel, a lot, it changes the balance of power from the
18:13
state back to the individual. And again, the only reason this
18:17
happens is because dude think about how hard it is to carry
18:22
three hundred thousand dollars in cash.
18:24
That's a big Gasps briefcase. That's a lot of money.
18:27
It's like a pile, right? It's boxes of toys, right?
18:30
And just by looking at it, you're like this guy's a drug
18:32
dealer because that's what you see in the movies when you see a
18:34
pile of cash, right? So with Bitcoin, you can store
18:38
trillions of dollars with the 12 word, seed phrase and No One's
18:41
Gonna know. Right?
18:43
So it's, you know, it's just, it's just crazy Bitcoin, really
18:47
does fix this as well. Yeah, it does.
18:50
It really does. Okay.
18:52
All right, we're going to shift gears, and we're going to try
18:55
something a little different with NF T's, okay?
18:57
Because we've already we've already Nico's printed the
19:01
pictures. We've already done.
19:02
The right click stuff for some reason.
19:05
For some reason, people are still getting scammed by this
19:08
stuff. So we're going to try something
19:10
a little different with NF T's. Let's dive into the story quick.
19:13
Before we before we move on to the The different method that
19:18
we're going to try to explain that fds.
19:20
Okay, Lana roads accused of major crypto scam, over a failed
19:24
nft scheme recently. Celebrity Lana Rhodes was
19:28
accused of crypto fraud after making 1.5 million off her
19:34
followers project named kryptos has was launched in the last
19:37
week of January in which celebrity animations were shown
19:41
roads had promised her fans that the nft plan was succeed.
19:44
Giving them an Return on investment Roi, the nft scheme
19:52
swore to reward its investors with properties in the metaverse
19:57
video games, like sandbox or decentraland.
20:00
Great fake land in a fake world. It's awesome.
20:04
Even within the compensation was included.
20:06
The acquisition of several unique nft pieces roads pointed
20:11
out that the nft plan would gradually improve.
20:13
Its adoption roads goal was to get the non fungible scheme out.
20:17
Out to other celebrities. But that never came to fruition
20:20
due to the lack of credibility with promoters absent in the
20:23
plan. Lana Rhodes Slipped Away with a
20:25
huge chunk of the money Road says that sometimes nft base
20:30
crypto investment, schemes, might not succeed.
20:33
But this doesn't mean it's a fraud.
20:35
Lana roads asked her investors. Keep that in mind.
20:38
I asked her investors not the focus on opinions about the nft
20:43
scheme but more essential things like the conflicts between
20:47
Russia and Ukraine. I don't know what that has to do
20:49
with this. Anyways, one victim who prefer
20:52
to remain anonymous confesses that she spent about four
20:55
thousand dollars on Alana nft peace, and now the image has no
21:00
value. Phil likes to collect a lot of
21:03
useless crap. I'm Phil, and I like to collect
21:06
a lot of useless crap. Some of this crap that I like to
21:09
buy a stuff like done. He's okay.
21:11
I think these things are super cool and I don't know why.
21:14
I think the really interesting they their Able to me and I
21:18
don't know why. I just think they're really
21:19
cool. So I am willing to pay they're
21:21
asking $49 for this thing. 4999 plus shipping.
21:24
I'm willing to pay this with the understanding.
21:27
That this is not an investment. I am not an investor.
21:32
This may conceivably will conceivably have no value and
21:39
that's okay with me because I like to collect useless crap
21:45
that that's just who I am. And This is the problem with NF
21:49
T's. Now obviously, I'm not gonna
21:51
reach you guys this whole description here.
21:53
I just highlighted it to point out.
21:55
That collectibles are not telling you, okay?
22:00
When you buy something like this, they're nowhere in the
22:03
description. Are they telling me that this is
22:05
going up in value? No, where am I made to think
22:09
that? I am an investor in something.
22:13
Okay, I am buying a collectible because As I think it's cool.
22:19
I like useless crap. This is what you have to take
22:22
away from nft, so if you're buying an ft's, there's nothing
22:25
wrong with that. You need to understand.
22:27
It's the same useless. Crap as my collectibles, they're
22:32
most likely not going to be worth anything.
22:34
That's not why you're buying them.
22:36
Nico. You picture drop Mike?
22:41
Yeah they do I can't add anything to that.
22:43
The only thing I wanted to say is that I can't make I can't
22:46
write copy. Paste your dunny, dude.
22:49
Okay, I can't can, oh, it's a real world object.
22:52
It's hard to copy and that these n FTS, right?
22:55
You could literally make an exact photo copy with right.
23:00
Copy paste. Right.
23:01
So, you know, and I agree, right?
23:03
Why are they calling pieces of art?
23:05
Collectibles Investments? Right?
23:07
That's the slip. That's the slip right there,
23:09
right? So it's just larious and look
23:12
Lana, you know, roads is industry and I'm sure a lot of
23:15
you guys will know, right? Right.
23:17
What does this have to do with then of T's?
23:18
Clearly there was an entrepreneur or an mft person or
23:22
shit coin or Dev that I approached her.
23:24
Hey, if we associate and nft with Lana roads, then we could
23:29
sell a lot of that nft, you know, and then we'll give lot of
23:33
Roads, a little bit of a kick back so she's not going to say
23:35
no. So the whole thing is just guys,
23:38
it's a scam. It's annoys focus on the signal.
23:41
Don't give these guys your Bitcoin.
23:43
Keep it anyway. So it's time for the daily meme,
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24:15
Twitter, CNN, MSNBC, See the MPC.
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The virus Ukraine. Click.
24:22
It's so true of anyone else notice that the virus just
24:25
completely disappeared. Now, the narrative has shifted
24:28
to potential Armageddon. Anyways.
24:30
Check it out. And this is by georgg mood fear,
24:34
and then slavery. And that is you know that is
24:37
Bitcoin. Really moving on to the next one
24:40
is by Rd. B TC be greedy when others are
24:43
fearful me, Bitcoin me hahaha. Very good believe in something.
24:49
Even if it means sacrificing everything and this is Jihan.
24:53
Whoo. There's a famous like yeah just
24:55
do it. Fuck your mother if you want to
24:56
fuck. Okay, so a little bit of
24:58
backstory to give some context on this one.
25:00
Jihan replied to somebody about like about this, when people
25:04
were criticizing is move with Bitcoin cast Jihan is the
25:07
founder of bit main, just the one of the biggest mining
25:13
manufacturers. They make the s19 STS9.
25:16
All those famous. Amos miners, Jihan sold the
25:20
company. He's no longer with them, but he
25:23
found that them, right? And he was responsible with
25:26
Roger ver to essentially, Fork Bitcoin into Bitcoin cash and
25:31
Roger and Jihan were the ones that were behind the Bitcoin
25:34
cash fork. And essentially what they did
25:38
was Jihan artificially, not for Market forces but changed all
25:43
the, you know, all the Bitcoin miners because they can't it's
25:45
the same algorithm. He forced them to mine Bitcoin
25:49
cash instead tricking everybody into believing that the hash
25:52
rate was going towards Bitcoin cash when reality they were
25:56
mining at a loss. It was more profitable to mine
25:58
Bitcoin, right? So again this guy is responsible
26:01
for attacking Bitcoin, he wanted to take it over right?
26:04
You know the fork Wars they lost he got totally wrecked.
26:07
He lost billions of dollars. Right?
26:10
But at the time, you know, it was very scary to live through
26:12
the the four cores, right? But anyways, this was one of the
26:15
responses that he Did for someone asking him about Bitcoin
26:19
cash. And remember, this is a very
26:20
serious guy. This is how he just he just
26:22
slipped out. He just broke one day, right?
26:24
Like Roger, Roger did the same thing.
26:26
Roger just flipped out right and it sucks because they did lose
26:29
billions of dollars, right? They lost billions of dollars
26:32
trying to take over Bitcoin, right?
26:34
So it's a great meme. Phil.
26:37
I just want to point out quickly because you mentioned Roger, for
26:40
the people who want to see that video.
26:41
Just go on YouTube and look up. Roger ver, John Carvalho, okay.
26:47
You'll see that is a fantastic, fantastic video.
26:51
It is. It's a classic.
26:52
It's a classic, okay. You can't taper upon Z and this
26:56
is Klaus Schwab and it's the suckers and then Klaus Schwab
27:00
Russia. Virus absolutely hilarious.
27:03
Last one by Stefan Chinese replying.
27:05
If there was a little book of Bitcoin memes what would qualify
27:07
for the top 10? No requirements, just 30 min
27:10
masterpieces and learn how to buy Bitcoin first install
27:13
Bitcoin wallet. Oh shit you forgot one step for
27:16
a few months now. Now, the price has fallen shit
27:19
now, it's been a year and you still have it installed a
27:21
Bitcoin wallet. The price is not 3x and you
27:23
can't afford a whole Bitcoin anymore.
27:25
Fuck shit. Coins, are up two thousand
27:26
percent and you still haven't installed a Bitcoin wallet and
27:28
your stupid friends are now rich.
27:29
And you don't understand what not going.
27:31
Is you finally install Bitcoin wallet, but with bought but only
27:34
enough to cover the cost of the wannabe of want to cry.
27:37
Ransom on your laptop. You think you could do things,
27:40
but you can't prices is millions but you still think it's a Ponzi
27:44
haha. And very, very well done.
27:49
I agree. Shout out to Stephen anyways,
27:51
for those mean still Nothing in it.
27:59
Has a cube, a MicroSD card charger and memory.
28:09
Yeah, energy energy, and a memory member G, Men emergy.
28:17
I'm about to have a seizure right now.
28:20
Okay, so, so here we go, you know, as I've mentioned a few
28:24
times I'm moving so I'm totally running out of shit in my
28:27
basement. So We are going to go with this
28:32
very handy. Not even telling you what it is,
28:40
plastic, plastic thingamajigger that's him.
28:44
I don't want it is. Anyways, guys, we want to know
28:46
if you agree with our scores disagree, let us know down in
28:48
the comments section comment, comment, comment, help us defeat
28:51
the shit coin channels, and of course, of course, make sure to
28:54
subscribe to us on alternative video platforms because we do
28:56
talk shit about clothes shop. Well, I crumble.com and our
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personal favorite Bitcoin tv.com, and last but not least,
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join our telegram group hangout with the plebs and linked us.
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Some dank dank Bitcoin memes to review on the big.
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Mmm, review is a Bitcoin review. You need memes to review from
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collapse because the Bitcoin review but anyways Phil it's
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Looks.com Phil. Are you ready to blow a guy?
29:44
A Canadian gasket? I don't know.
29:48
My maple syrup. This is a hockey stick.
29:51
This is absolutely insane. This is insane.
29:55
Annatee. This is insanity.
29:56
This is a clip from the Senate, and essentially, one of the
30:00
opposition's was asking the true, do you know, someone on
30:04
Trudeau's party? What the justification?
30:07
What the process was of unfreezing bank accounts?
30:10
And I'm not going to say anything else.
30:13
His answer speaks for itself now, guys, I want you to
30:17
Attention to this, I want you to pay attention to what's
30:19
happening in Russia. What happened?
30:20
Today, we're going to cover that in a sec, but I don't think
30:23
we've ever lived in a Time, Phil where, the government was
30:27
active, actively weaponizing, money against their own citizens
30:32
or against giant populations. And that's what this centralized
30:37
money enables. We're not even at Central Bank,
30:39
digital currencies, right? So again, this is what you get.
30:43
If your money is not in Bitcoin, if you're not, he's not in
30:46
Bitcoin. Just basically the government's
30:49
money and you still don't believe me.
30:50
It's just the person that you support happens to be in power,
30:53
what happens when that day changes, right?
30:55
Anyways, check this out, fill because it is total clown world
30:59
and it to its citizens, through batters Senator gold.
31:03
How will a bank know that someone has, quote stopped
31:06
participating in the protests and then unfreeze their bank
31:10
account. Well, thank you for the
31:13
question. It's important question.
31:14
I think my understanding is that there will, there is a two-way
31:17
communication between the bank banking institutions, and
31:20
financial institutions is not only banks and, and police
31:24
authorities, the police authorities, the banks may have
31:29
suspicions and may communicate with the police.
31:34
The police in turn may have information as in.
31:38
This particular person or company has a truck in the
31:43
middle of Wellington has refused to leave and so therefore there
31:48
is a communication, which the act legitimates and authorizes
31:53
such that it goes back and forth.
31:56
The same channels of communication extend to when
32:01
somebody leaves. So my understanding is Senator
32:04
that. Let's just if a person, let's
32:11
say on Sunday, decided to leave and, and did let leave that.
32:21
That information would be communicated to the bank or that
32:25
person could communicate that information to the bank, which
32:28
could be verified. And my understanding is that
32:31
it's early days obviously in the in the application of this but
32:35
that's how the information. Would come to the attention of
32:38
the bank. And as I've answered in previous
32:42
to previous questions, there are work being done between the
32:48
banks and the RCMP to regulate the process.
32:57
What the fuck? What the fuck did we just watch?
33:00
Okay, so to be fair, this video came out and April 4 April 14th,
33:05
right? But the reason I wanted to cover
33:06
it, Phil is, first of all, we never covered it on this channel
33:08
before. Okay, second of all, I want you
33:11
guys to focus on what's happening.
33:14
Okay? Essentially they're freezing
33:16
bank accounts of people without it without a subpoena from a
33:21
judge nothing just We you might remember, he used the worst
33:27
example, which is someone parked in the middle of the thing.
33:30
But we know for a fact that people had their bank accounts,
33:33
Frozen that didn't park in the middle of the road just for the
33:37
mere fact of donating, they had their bank accounts Frozen and
33:40
go. This is so easily abused and I
33:43
think we're getting into very tear dangerous territory, which
33:46
we have been predicting on this channel.
33:48
I might add why did we? Why did we know for sure?
33:51
Because if you give that much power to an Jewel, he is going
33:55
to use it and that's exactly what you're seeing here.
34:00
Governments are weaponizing, the Fiat Financial system to their
34:05
advantage but it's not also happening in the Western World
34:10
now the United States and Russia because of the recent Russian
34:14
invasion into the Ukraine, right?
34:15
Whatever politically. However, which way you feel
34:18
about it, right? We think that war is wrong every
34:20
single time, right? But again, I don't think it's
34:24
right that the u.s. government. Freezes.
34:29
That counts or stops the ability for the Central Bank of Russia
34:33
to transact. Because again the oligarchs and
34:37
Putin aren't going to get hurt. It's the every averaged a
34:40
citizen that is going to get absolutely crushed but they're
34:45
not all. So they're not only going after.
34:49
They're not only going after traditional Russian Banks, now,
34:53
the US government is asking crypto exchanges.
34:58
To, let's see what the article says, the body Administration
35:00
asking crypto exchanges to help ensure check this out.
35:03
Fill Russian individuals and organization.
35:07
What does the average Russian have to do with this?
35:11
You're targeting people that have nothing to do with this.
35:15
This is the responsibility of a government, not the people and
35:20
when you put sanctions on Iran, when you put sanctions on
35:22
Venezuela, when you put sanctions on Cuba, Many, many
35:27
people get caught in the crossfire that have nothing to
35:31
do with their governments there and they can't, in the case in
35:34
Afghanistan, people were starving and the only option
35:37
people had was to buy Bitcoin but Washington wants you to
35:41
believe that. No, they can't have that escape
35:44
valve either. Right, so absolutely crazy and
35:50
we could already know like we've been saying the the crypto
35:53
exchanges, they're captured by the government's right, do not.
35:56
Keep your Bitcoin on an exchange because it's only a matter of
36:00
time before you're a trucker or Russian, right.
36:02
That's the way that I see it starts with truckers that are
36:05
peacefully, protesting now it's with, with Innocent Russians.
36:10
That have nah. Dude, it's they have a terrible
36:12
government. What?
36:13
It's not their fault and it's scaring the crap out of them and
36:16
we started the show with the bank lines.
36:18
Now, I'm going to even give a scarier example, Apple paying
36:22
Google pay no longer work on Moscow.
36:25
The Moscow Metro System leading to long queues as people fumble
36:29
about for cash. So, this is all happening
36:34
because you're trusting a centralized entity that is prone
36:38
to political pressure. Bitcoin is a political, it does
36:43
not care as much as they would like, you to believe, of course,
36:46
because this is a posturing effort, you know?
36:48
It's like yeah, we could shut down.
36:51
Yeah. Perhaps the centralized
36:52
exchanges, but you can't censor anything on bitcoin.
36:57
So interesting to say the least so very sad.
37:01
Anyways, Phil, do you have any thoughts on this?
37:03
Yeah, this is sad and disgusting and I just want to go back to
37:08
the fact that they are punishing individuals, okay?
37:12
When we're talking about the, the Russia, when we're talking
37:14
about the Russia incident, right with Ukraine, they are punishing
37:18
individuals. Not every single Russian
37:20
organization has something to do with what's going on in the war.
37:24
This is it's pathetic and sad and it actually Lee goes to show
37:28
the weakness of their conviction because it's just a paint with a
37:32
broad brush. That's it you're all criminals
37:34
or from a criminal Nation, boom, we just stopped the nation and
37:36
that's it. No, that's not how it works.
37:38
That actually ends up showing that we're not doing it right?
37:41
That clearly we need to fix this problem and of course, as
37:45
everybody knows Bitcoin is that answer that helps put everyone
37:50
on that Level Playing Field. The other thing is the piece
37:54
about Google and Apple. That's pure corporate
37:58
censorship, right? Like immediately right there.
38:01
Look at that. All of a sudden, those payment
38:03
methods, no longer work anymore. Well, it's all those.
38:05
Are you as companies? It's always gonna happen with
38:07
political money, dude. You know, it's just, it's like
38:10
basically machine and no one's calling out Google, like Google.
38:14
Like, you know, they used to have a sign at their office that
38:17
said, Do no evil it, no longer says that anymore.
38:20
And then I met with the government decide.
38:22
That's why they took it down because they're a shitty evil
38:24
Corporation. Yep.
38:26
Apple sucks too though. That sorry man.
38:29
Okay so moving on change change in subject, small victory here
38:34
but it's very sketchy, EU indefinitely.
38:36
Delays vote to ban proof-of-work Mining and the debate over
38:40
proof-of-work. Mining in the European
38:41
Parliament has been delayed with energy fudge surrounding Bitcoin
38:44
mining. Remember, we talked about this
38:45
when we said Europe was potentially going to ban
38:47
Bitcoin, the markets and crypto acid, directive known as Mich
38:51
was set to vote on February 8th, April 28, the agenda was to
38:55
start negotiations between the body and the Council of European
38:58
Union, European commission. But ultimately, it was delayed
39:00
by the chairman of the economics committee Stefan Burger, the
39:04
delay is following. Check this out fill, this is
39:07
sketchy. The delay is following a leak of
39:10
amendments that many Saw as a proof-of-work ban which gained a
39:14
negative response from the public on Twitter.
39:18
So what if it didn't leak? What if it didn't leak?
39:23
So it got delayed and indefinitely because it leaked
39:26
and people found out the truth and they started forming a
39:29
ruckus. The sounds ridiculous dude and
39:34
is so various. But you know how, you know how
39:37
sometimes you say like all, you know, it's not some evil guy,
39:39
you know, twirling his moustache.
39:41
It's not it's an incompetent group of fools, okay?
39:45
And they don't have mustaches, maybe maybe that they don't
39:48
know, that think they know what's best.
39:50
That thing's an incompetent group of bureaucrats, they think
39:53
they know what's best for people and think about their purported,
39:57
their performance so far censorship of innocent Russian
40:00
censorship of you, Rain got took off the banking system, people's
40:05
debit card was working there who we have censorship of, you know,
40:08
Apple and Google taking it out. It's like dude it's like these
40:11
are the bureaucrats that think they know what's best.
40:14
This is the result. We are in the situation today
40:18
because of group of Elites feel they know what's better for
40:22
everybody else. Bitcoin fixes that because it
40:25
takes the money out of the hands of human beings back into the
40:30
laws of mathematics the monetary These completely separated from
40:35
Human corruption and it figures out how to do that because it
40:38
takes the human element out of the equation, right?
40:41
Because I think human beings are inherently.
40:43
If they have that much power, they're going to use that power
40:45
to stay in power, which is going to lead to corruption and
40:49
tyranny and oppression of the other group that's trying to
40:52
essentially complete with you politically, right?
40:54
So it's just man, it's stupid. But anyways, to end it with a
40:58
good piece of news, Phil, check this out the way.
41:02
We said we were going to follow this up and we're following it
41:05
up right now. This is the Intel Bonanza mine
41:08
too, the second generation Bitcoin Asic from Intel.
41:12
I don't know if this is going into mass production yet, but
41:16
check out the specs, right? This is the latest and greatest
41:19
bit main, Aunt minor s19 J. It has 140 tear hashes per
41:25
second W is 33 thousand and ten Watts.
41:29
Check this out from Intel, not bad. 85 Terror hashes and 350,
41:36
300 3510 W, right? So again not as good as the s19.
41:43
However bit main has been in business for a very very long
41:47
time. In the fact that Intel is
41:48
getting that close for just their second generation, minor
41:52
is incredibly impressive. And again, again all these
41:56
things seem like noise but the signal is here and I've been
41:59
hammering in this topic when we initially covered, this is When
42:03
the China ban happened, it created an unintended
42:06
consequence. That essentially, the biggest
42:09
Asic manufacturers are now Chinese.
42:12
So if you have a hostile country against Bitcoin and the majority
42:16
of Bitcoin miners come from the country, I think that could
42:21
potentially be an attack Vector, Adam back and now identified
42:25
that which is why block stream acquired spur Doodles, this is
42:29
really a seed company and which is why Jack See also is getting
42:34
into the Asic minor manufacturing business and I
42:36
think that's why I don't think Intel's doing it for these
42:39
reasons. I think Intel's doing it for
42:41
profit profit profit motive. But again I think that the more
42:46
competition the better and the more competition specifically
42:49
coming from companies that are not Chinese.
42:52
Not that I have anything against Chinese companies.
42:55
But I think that, you know, if you have a hostile government
42:58
towards Bitcoin and you have the majority of Bitcoin mining
43:02
Manufacturing, Opening in China, that could potentially become a
43:05
contentious pop problem issue. Especially if Bitcoin continues
43:11
to rise up in market cap and by continuing to rise up in market,
43:15
cap taking power away from nation states.
43:18
So I'm very happy that the manufacturing is at least de
43:21
centralizing that is some good news Phil.
43:26
So I'm definitely not surprised at the Intel second generation
43:30
performance, considering the fact that Intel, you know, Tells
43:33
been around, since at least 1968, I believe it was a
43:37
different company before it was, until I think it was something
43:39
called like, FML Electronics. Anyways, the point is, they've
43:44
been making processors for a very long time.
43:47
So this does not that, it doesn't surprise me that they
43:51
have such good specs. We can, I think we could expect
43:53
in their third and fourth generation to just pretty much
43:56
blow everything else out of the water.
43:59
But look the other piece to this that you added about Out the
44:03
Bitcoin about the about the mining decentralization, right?
44:08
The I think that people are missing the big signal of Intel
44:14
coming to the table and investing and building in this
44:18
look, I'm not trying to dump on on bit main or what's minor, or
44:23
all these other companies in, any way, shape or form, but you
44:25
gotta understand giant conglomerates like this.
44:28
The ship does not just turn, Okay, the ship is Aunt, it's
44:34
slow AF. It does not move quickly, it
44:37
takes a lot of decision-making to Pivot and to do stuff.
44:41
I'm not saying that they're pivoting away from their General
44:42
business, but even to do moves like this, it takes almost like
44:47
acts of Congress, so to speak. So the fact that they did this,
44:50
the fact that their second generation has the specs and the
44:53
fact that they've been making processors for this long, has me
44:57
extremely bullish You know, like for me like this is, this is
45:01
beautiful and I think it's fantastic.
45:03
So I can't wait to see who else is going to come to the table.
45:07
Yeah, you know, so but so far, so good, right?
45:10
We have Jack Dorsey, we have block stream and now we have
45:13
Intel Intel. Yeah, I'm fucking company.
45:15
Like you said, right? Very exciting.
45:17
Manufacturing is decentralized. A good thing, guys.
45:20
We have an announcement Phil and I are going to UND confiscate a
45:24
bubble this weekend. So that means that we're not
45:26
going to be home in our Studios, we're going to be in Vegas.
45:30
However, some good news, we are going to try to give you the
45:34
same. We're going to try to give you
45:35
content all days but it's not going to be in the usual format
45:39
that you guys are used to. It's probably going to be on the
45:41
go whatever. But you know, we'll get our team
45:44
to edit it and make it look nice and all that stuff.
45:47
So bear with us. We're all so, you know, we're
45:48
going to try to remind you guys as much as possible with
45:50
announcements and videos here and there.
45:52
But if you guys are seeing this for the first time, just letting
45:55
you know that the normal show isn't going to be back until
45:59
Monday, no really Tuesday of next week, right?
46:02
Monday or Tuesday, we'll keep you guys in the loop, but we are
46:06
going to give you footage and we're hopefully going to get
46:08
some interviews from some awesome bitcoiners.
46:11
A ton confiscated, fulfills bringing his camera, I think I'm
46:14
bringing my weird selfie, iPhone Contraption thing, you know,
46:18
somebody really cool. I think you guys are going to
46:20
enjoy it. But anyways, Phil there was an
46:22
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our Audio. Only podcast platforms.
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We are on Apple podcast, we're on spot.
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I defy and anchor. Awesome.
47:01
Thank you, Phil. All right, guys, before we go
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