Latest / Simply Bitcoin / 3 Countries that Made the IMF Realize Bitcoin Will Win | EP 780

Transcript

3 Countries that Made the IMF Realize Bitcoin Will Win | EP 780 · Simply Bitcoin

• 0:13
  Hello, welcome to Simply Bitcoin Live.
• 0:19
  Hello everybody. Welcome to Simply Bitcoin Live.
• 0:20
  We are your number one source for the peaceful Bitcoin
• 0:23
  revolution, Recovering news, culture, Matic Warfare and we
• 0:27
  will be your guide through the separation of money and state.
• 0:31
  Today is a very interesting day, some breaking news.
• 0:34
  XRP apparently is not a security.
• 0:38
  I find that really interesting. Also probably talk about that
• 0:42
  tomorrow. I mean, it's not.
• 0:44
  Really. Bitcoin news though, that's the
• 0:46
  thing. But I guess we'll talk about it
• 0:48
  for the algos, maybe, I don't know.
• 0:49
  Let us know that in the comments if you guys feel like we should
• 0:52
  cover that. But today we're going to talk
• 0:54
  about the three countries that explain why the I MF changed its
• 1:01
  stance on Bitcoin and it. And it's not that they change
• 1:03
  their stance per se. It's that they they realize that
• 1:08
  banning this thing might not be as effective as they thought.
• 1:12
  And then of course you know an article written in the Fiat
• 1:15
  Times basically making the case for CBDC's and making the case
• 1:22
  against Bitcoin. And a lot of hypocrisy in that
• 1:25
  article. And in Brazil it was discovered
• 1:28
  that their central bank Digital currency Initiative.
• 1:31
  Is a forked version of Ethereum. So I just find that interesting.
• 1:35
  And that's something that we've said many times on the show.
• 1:38
  Like how the, I think you know, alt coiners are inherently
• 1:43
  statused because they're alt coins are centralized, and
• 1:46
  because they're centralized, they don't have an option but to
• 1:51
  get close to the state in order to survive, right.
• 1:55
  It's just like basic logic, basic common sense.
• 1:58
  So we're gonna talk about that as well.
• 2:01
  But before we start the show, it's the Thursday show, so it's
• 2:04
  only me and Opti today. I enjoy these.
• 2:06
  Yeah, enjoy these, man. When it's it's only me and you,
• 2:08
  it feels good. Throwback Throwback episodes.
• 2:12
  Go back episodes exactly. Anyways, well in the culture
• 2:16
  bro, cuz it's not gonna be a guest culture, it's not.
• 2:18
  Yeah, I got a good little rant. I think I got a good little
• 2:21
  rant, but I kind of wanna go back to that XRP thing real
• 2:24
  quick cuz I'm. I'm seeing some conflicting data
• 2:27
  on Twitter. You know, everyone's freaking
• 2:29
  out right now. So we'll see, We'll see what's
• 2:31
  exactly going on with that. But it literally just happened,
• 2:33
  so we ain't got enough time. To look through all that stuff.
• 2:37
  I just look I'm I'm kind of divided here because like here's
• 2:41
  the thing right about. The security and it is a shit
• 2:43
  going. But I don't.
• 2:45
  I think it's like in like hypocritical that bitcoiners are
• 2:49
  cheering that the state is basically, you know, destroying
• 2:55
  the competition. Like in in an ideal world, let
• 2:58
  the free market do what the free market does, and if people want
• 3:02
  to buy XRP because. They wanna buy XRP.
• 3:07
  Let them buy XRP. I think Bitcoin is a superior
• 3:10
  money. I think the market is gonna show
• 3:13
  that. And you know, but I just, I am
• 3:17
  very skeptical. When the government goes in,
• 3:20
  picks and chooses the winners and losers, that's not
• 3:25
  capitalism, right? It's not capitalism at all.
• 3:27
  Right. We don't live in a capitalist
• 3:29
  system. Come on.
• 3:31
  So you know, and again this I'm like obviously I'm not a fan of
• 3:35
  you know, the shit coins and what not.
• 3:37
  But like at the same time it's like you know, be careful what
• 3:40
  you're rooting for, right. Because if they have the ability
• 3:43
  to do that, then they also have the ability to do a bunch of
• 3:46
  other things. I'm a free market maxi all like
• 3:50
  I I, you know, hardcore libertarian and I think you know
• 3:53
  it it Bitcoins going to win. Just because it has better
• 3:57
  incentives than any and then anything else I I don't, you
• 4:00
  know I don't think it needs help from governments you know
• 4:04
  chopping off the legs of of the competition that's that's my
• 4:07
  take on that. You know maybe it's an unpopular
• 4:09
  take but it it's just it's like you know bitcoiners are like
• 4:12
  yeah separate money from state you know small government all
• 4:15
  this stuff and the same time it's like Oh yeah the government
• 4:17
  just made you know this this the shit going a security whoop de
• 4:21
  do like no man. It's kind of hypocritical.
• 4:24
  Did XRP the $589? That's a meme, guy.
• 4:30
  That's a meme. That's a meme.
• 4:31
  Bitcoin must be, you know, these competitors on the free market
• 4:35
  and it will beat them because of its incentives, right?
• 4:38
  And that's that's just the fact, right?
• 4:41
  I don't think it needs help from anything else, and that's the
• 4:45
  same reason. Why?
• 4:46
  Bitcoin is going to be Fiat currencies too.
• 4:48
  It has better incentives. It has a monetary policy that's
• 4:52
  set in stone. It cannot be changed.
• 4:54
  There was no presale and any other coin that came after
• 5:00
  Bitcoin. The founders had the idea of
• 5:04
  making money off of it right from the get go.
• 5:07
  Right. So Toshi didn't do that.
• 5:09
  And that's why, you know, bitcoiners call.
• 5:12
  The the birth of Bitcoin, the, you know, the Immaculate
• 5:15
  Conception, right. Everything.
• 5:17
  Because it was an experiment. They didn't no one had any idea
• 5:20
  that this thing was going to be given value, right?
• 5:22
  It was created as a science experiment.
• 5:24
  It was run for a long time just to be run, just to be seen like,
• 5:28
  oh, maybe we can make this work. It was given value after the
• 5:32
  fact, You know, I think it was like the guy that paid 10,000
• 5:35
  Bitcoin to buy a piece of pizza or like a couple peaks as from
• 5:39
  Papa John's. Then then it started like, OK,
• 5:42
  this thing could be money. Every single crypto that was
• 5:45
  created after that, the founders knew right from the beginning
• 5:49
  like this could already be money.
• 5:51
  So what they did is that they kept a lot of the initial coins
• 5:55
  to themselves like XRP, like the the the the ratio is nuts.
• 5:58
  It's like a 75%. 80% that billions of them like Ripple
• 6:04
  still owns that like and then they just sell it to like fund
• 6:07
  basically fund the company and fund the foundation.
• 6:10
  So anyways but again like and I also don't think Ethereum is
• 6:13
  going to be labeled as security either because they have so much
• 6:18
  so much political. OK one of the members of the
• 6:21
  Ethereum Foundation Aramiyaguchi she it's it's it's three people
• 6:25
  on the foundation like the head leadership right.
• 6:29
  One of them is on the board, is a member of the the, you know,
• 6:33
  the Contillionaire conference, the World Economic Forum.
• 6:36
  Do you really think, do you really think you know these
• 6:39
  people play by the same rules that everyone else does, you
• 6:42
  know? So anyways, that's my take on
• 6:46
  that. Maybe it's some popular with a
• 6:47
  bunch of bitcoiners. Let Bitcoin win.
• 6:51
  Because of its incentives, Bitcoin will win by itself.
• 6:54
  It doesn't need help from anyone.
• 6:55
  It doesn't need help from a government.
• 6:57
  It doesn't need special rules. It doesn't need this stuff.
• 7:01
  It's just going to win because it has better incentives than
• 7:04
  than anything else anyways. Everybody.
• 7:07
  No more. Hold on, let's the culture guys,
• 7:09
  we got an update on the on the debt ceiling.
• 7:11
  Some crazy numbers have come in and I, I.
• 7:15
  I got to destroy the whole inflation myth and and the money
• 7:18
  printer, Gilbert. But one more thing.
• 7:20
  Dude, you say pizza. Pizza.
• 7:22
  Yeah, it's a Miami thing. How?
• 7:25
  Do you say it pizza? Pizza.
• 7:28
  Pizza. Pizza.
• 7:29
  Pizza, pizza. Yeah.
• 7:30
  I don't know. It's a Miami thing, dude.
• 7:31
  I don't know. I don't know.
• 7:32
  Let's get into the show. Let's get into the show.
• 7:34
  I don't know what to tell you Anyways, everybody, no more
• 7:36
  delay. Let's jump straight into
• 7:37
  numbers. We got a lot to talk about
• 7:38
  today. Let's check it out.
• 7:42
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• 8:59
  So even more discounted rates anyways, At the time of
• 9:02
  recording, the Bitcoin price is 30,920.
• 9:06
  Sats Per Dollar 3234 Block Height 798,546 Blocks to having
• 9:15
  41,454 having estimates April 20th, 2024.
• 9:22
  Capacity, total capacity 4862 Bitcoin capacity value roughly
• 9:27
  150 million U.S. dollars. My favorite metric on this
• 9:31
  realize monetary inflation 1.76%.
• 9:34
  When we started covering that metric, I think it was at 1.79.
• 9:37
  So just going to continue to go down.
• 9:40
  It's going to is instead of it's going up forever.
• 9:42
  Laura, what's the opposite name of Laura?
• 9:45
  I don't know. It's going down forever, Paul.
• 9:49
  It's going down forever, Paul realize.
• 9:52
  Did we just start a meme? Anyways, market capitalization
• 9:54
  is $601 billion of the B and the Bitcoin versus gold market cap
• 9:59
  and Bitcoin will continue to eat.
• 10:01
  Just chomp at that and that number will go up forever.
• 10:04
  Laura, 4.62%. Anyways, I have a video for you
• 10:09
  guys. This is Pierre Polivar.
• 10:12
  And he says if he's elected, he will ban all of his ministers
• 10:15
  and cabinet members from involvement in the continuing
• 10:18
  air conference, the World Economic Forum, and forbid the
• 10:21
  creation of a central bank digital currency.
• 10:24
  Now the reason that this is significant is because he is the
• 10:27
  leading political frontrunner in Canada.
• 10:30
  And he, I don't know the exact day of the election, but you
• 10:35
  know, he's running against Trustin Trudeau, who we know how
• 10:39
  his administration feels. About Bitcoin, you know, with
• 10:43
  the truckers protest. But again, you have to zoom out
• 10:46
  to see the significance, right? You have a main political
• 10:50
  candidate that there's a there's a good chance that he could
• 10:54
  become the president of Canada. That is pro Bitcoin, anti CBDC
• 11:00
  and the same thing is happening in the United States.
• 11:03
  You have Robert F Kennedy junior on the Democratic side, who is
• 11:07
  anti CBDC pro Bitcoin. He said that at the Bitcoin
• 11:10
  conferences I'll protect the rights of individuals to hold
• 11:13
  Bitcoin. And you have Ron DeSantis, also
• 11:18
  a leading presidential candidate.
• 11:20
  I think he's trailing Trump and he's also anti CBDC to the point
• 11:25
  that they passed a law in Florida banning CBDC's in the
• 11:30
  state of Florida, right. So this is some crazy times in
• 11:34
  in the next four or five, six years guys.
• 11:37
  There's a high probability that in the United States of America
• 11:41
  and in Canada we have presidential candidates that are
• 11:45
  anti CBDC and pro Bitcoin. That is nuts.
• 11:50
  If you would have told me that five years ago, I would have
• 11:53
  laughed at you. This is crazy.
• 11:55
  Things are happening a lot quicker than I think people have
• 11:58
  anticipated. Anyways, I'm gonna play you guys
• 12:00
  the video. Then Opti and I are gonna talk
• 12:01
  about it often. He makes my very best arguments
• 12:04
  for me. I want everyone to speak freely.
• 12:07
  We have section 2B of the Charter of Rights and Freedoms
• 12:11
  2. He or not to be that is the
• 12:16
  question. I will honor the Charter, repeal
• 12:19
  the online and on campus censorship, and stand up for
• 12:23
  freedom expression for all Canadians.
• 12:32
  Absolutely. Are you done?
• 12:46
  We will uphold freedom here and everywhere.
• 12:49
  We will stop interference by Beijing and our democracy.
• 12:53
  Canadians should. That's just political rhetoric
• 12:55
  at this point. Anyways, I think you guys get
• 12:59
  the the general gist of it. You know it.
• 13:02
  It's crazy that CBDC's Bitcoin, even the topic of inflation,
• 13:08
  right? Because Trudeau was.
• 13:10
  There was a video that we played for you guys a couple months
• 13:12
  ago. Where Trudeau was like literally
• 13:13
  like making fun of inflation, like because it's like, no, this
• 13:16
  is just the fact of life. You can't get rid of inflation.
• 13:19
  So it's it's crazy that this is happening.
• 13:22
  And I suspect that this movement will continue to accelerate.
• 13:25
  And this is awesome. This is awesome because look at
• 13:29
  the end of the day, you know, and I had a simply Bitcoin IRL
• 13:32
  with Jimmy song last night and I really, really recommend you
• 13:35
  guys watch that. But in that Jimmy basically made
• 13:39
  the the argument from the book that sovereign individual.
• 13:42
  That you know a lot of these huge countries, right.
• 13:46
  I don't think they would be they would be as big as they are
• 13:50
  without having the common denominator of sharing the same
• 13:53
  money. I think that once you once these
• 13:56
  countries are using their once these states specifically in the
• 13:59
  US or in Europe for example that they have the European Union.
• 14:02
  I don't think it would be a European Union if you know they
• 14:06
  they weren't using the same money.
• 14:08
  I think it the fact that they're using the same money.
• 14:11
  Is what's what's keeping them together.
• 14:13
  And then because they're using the same money and because these
• 14:16
  governments have this like privilege of being able to
• 14:19
  create money for free that everyone else has to work for, I
• 14:22
  think it creates these like bloated, huge bureaucracies.
• 14:26
  And then of course that leads to tyranny because they want to
• 14:30
  maintain power and they also want to, you know, make
• 14:34
  themselves, they want to enrich themselves in the process,
• 14:37
  right? So anyways, I I, I just find it
• 14:41
  interesting that, you know, you have political candidates all
• 14:43
  over the world basically saying the quiet part out loud, saying
• 14:46
  the quiet, saying what we've been saying about Bitcoin for
• 14:49
  months now, what we've been saying about CBDC's for months.
• 14:53
  Obviously they're politicians, they're interested in getting
• 14:55
  votes. You know, I'm the opti's the
• 14:58
  first one to say that. But at the same time, you know,
• 15:01
  it is at least good to have, you know, these people on the side
• 15:04
  of orange. And not on the side of green.
• 15:07
  And I think the more people are on the side of orange, whether
• 15:10
  they realize what exactly what side they are on, whether they
• 15:14
  realize you know what exactly it is that they're pushing forward
• 15:17
  and advocating for, it doesn't matter.
• 15:20
  What matters is we need people on the side of Bitcoin, the side
• 15:23
  of a non central bank digital currencies.
• 15:26
  And then there's going to be people on the side of green,
• 15:28
  which is the side of central bank digital currencies and
• 15:30
  really that's going to come to head.
• 15:32
  And it's going to come to head a lot quicker than a lot of people
• 15:35
  anticipate in the next 5-10 years.
• 15:37
  CBDC's is the government's last attempt at maintaining the
• 15:42
  control over money, right? That they were, and I believe
• 15:45
  that they were born solely because of Bitcoin.
• 15:49
  And I think the government saw the writing on the wall and they
• 15:52
  said, whoa, we need to get with the program.
• 15:54
  But here's the thing and you know that we haven't even, we
• 15:56
  haven't said this, like many people have said this.
• 16:00
  If you have pay power, Venmo in your country or Zelle, you have
• 16:05
  efficient payment apps like what the fuck is the point of a CBDC?
• 16:10
  There is no point, like the payment rails already work,
• 16:13
  right? Well, the point is obviously
• 16:15
  control. Like that's that's what it's
• 16:16
  that's, that's what it fundamentally is about, you
• 16:19
  know? Anyways and it's not us saying
• 16:21
  this anymore. Now you have.
• 16:23
  You know, popular politicians, it's not just crazy bitcoiners
• 16:26
  that are saying this. They're saying that these
• 16:28
  politicians are also realizing it's like, yeah, Cbdc's, they're
• 16:31
  literally meant for control, right?
• 16:34
  Whether that's RFK Junior or Ron de Santis or Pierre Polyvar.
• 16:38
  And I can't, I was butcher his last name anyways.
• 16:41
  Opti, what are your thoughts on this, man?
• 16:43
  Yeah, well, excuse me, I've been saying this for a minute.
• 16:47
  It really does feel like the pendulum is swinging towards the
• 16:50
  Bitcoin narrative or the Bitcoin message, The Bitcoin truth, as
• 16:53
  we like to call it. And I personally don't like
• 16:56
  politicians. You guys know this.
• 16:58
  I'm I'm the first one to be skeptical because it always does
• 17:01
  feel like this is lip service. But Pierre has proven himself to
• 17:06
  be a bitcoiner, so that's obviously awesome.
• 17:09
  I love seeing other anti central bank digital control Maxis
• 17:12
  coming out of the woodworks. But I think Bitcoin, well
• 17:16
  Bitcoin will become a defining political hot topic.
• 17:19
  And I've said it in the past, I I really want to see Pierre come
• 17:23
  a little harder. In regards to Bitcoin, obviously
• 17:26
  he can't just like come out and be a full Bitcoin maxi.
• 17:29
  But we know he's a Bitcoiner. We know he understands what
• 17:33
  Cbdc's are designed for and what the end goal is and it's total
• 17:37
  control. Hence why we are using the the
• 17:40
  meme of central bank digital control mechanisms versus just
• 17:43
  central bank digital currencies because.
• 17:46
  That's that's all it is, man. It's about surgical control over
• 17:49
  the economy, over your transactions.
• 17:51
  And it's becoming very clear that that's exactly what they
• 17:54
  want to do. It's no longer just like read
• 17:56
  between the lines. They keep saying this, whether
• 17:59
  to the World Economic Forum, whether it's central bankers,
• 18:02
  they they're all saying the same thing.
• 18:04
  They want total control of your transactions and your money,
• 18:07
  which in my opinion is just absolutely sick and disgusting.
• 18:10
  But to echo what the chat said, and I've been saying this for a
• 18:13
  while as well. I really do believe that CBDC's
• 18:16
  will strike in effect, Bitcoin. The more they try to push the
• 18:18
  CBDC narrative, the more I think people will realize how crazy
• 18:22
  that concept is and will seek an alternative.
• 18:25
  And obviously we have the alternative, it is Bitcoin.
• 18:28
  Bitcoin is the freedom tools. We talk about this all the time.
• 18:31
  But to your point, and I think we've said this for a while on
• 18:35
  the show, Bitcoin is obviously forcing the narrative in regards
• 18:40
  to updating the payment systems. But if you're in the first
• 18:43
  world. You already have a good
• 18:45
  payments. It's not what it's about.
• 18:47
  This is not about payments, because everyone probably
• 18:51
  watching this has like a Zell or cash app or Venmil or whatever,
• 18:54
  we can make payments. This is not about payments, this
• 18:56
  is about holding something outside of their control.
• 19:00
  That cannot be the base because they are actively stealing from
• 19:03
  us and that you can't convince me otherwise that they don't
• 19:07
  know what they're doing. They're just trying to gaslight
• 19:09
  you and cloak this in a feel good narrative so that people
• 19:13
  don't understand what's actually happening to their savings and
• 19:16
  their money. And as I'm going to cover in the
• 19:18
  culture today, they just they they keep printing money guys
• 19:21
  and they keep stealing from you and they'll they'll cover it in
• 19:24
  whatever guys they need to to make you feel good about it but.
• 19:28
  They are out of control with the money printer and they're
• 19:31
  stealing from you. This is why we're doing
• 19:33
  everything we do, is because there needs to be a
• 19:36
  permissionless network that is designed not to steal from you
• 19:41
  for the audio listeners He just, he just popped up against in
• 19:43
  Carson. Oh man.
• 19:46
  Oh man. Guys, if you're watching the
• 19:49
  show, smash the like button. Help us.
• 19:51
  Help us get to 100 likes. We've been on A roll every
• 19:54
  episode since Monday. We've broken 100 likes on the
• 19:57
  live stream. That tells.
• 19:58
  The YouTube algo to push the peaceful Bitcoin revolution
• 20:02
  forward. The the orange signal smash That
• 20:05
  like button literally takes 2 seconds.
• 20:06
  But hey, didn't go. Before we go on, it is very
• 20:09
  interesting how? The pendulum is swinging towards
• 20:13
  our direction. It's it's it's back to kind of
• 20:15
  what Bitcoin is always say, like we're always just ahead of the
• 20:18
  curve by like a year or two and then they start having Bitcoin
• 20:22
  talking points out there. So I think this is just a
• 20:26
  testament to the Bitcoin message or the Bitcoin truth.
• 20:29
  It's like we we are on the right path and the more people talk
• 20:33
  about what we know to be the truth, the more there there
• 20:36
  seems to be hope in the world. 100%, and that's a very strong
• 20:40
  word. And I completely agree, right?
• 20:42
  There seems to be more hope. And I don't think it's a
• 20:44
  coincidence that that hope is coming as people are seeing
• 20:47
  Bitcoin and they're adopting Bitcoin.
• 20:49
  I mean, look at what's happening in El Salvador.
• 20:51
  Anyways, everybody, no more delay.
• 20:53
  Let's jump straight into the news.
• 20:54
  We got a lot to talk about today.
• 20:55
  Let's check it out. The Daily News.
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  today. Anyways everybody, no more
• 22:17
  delay. Let's jump straight into the
• 22:18
  news. We got a lot to talk about
• 22:20
  starting off with this amazing article by none other than
• 22:25
  Crypto Bastardo also known as Javier Bastardo.
• 22:28
  Shout out to his amazing podcast and and content called Satoshi
• 22:33
  in Venezuela. Definitely go check it out, but
• 22:36
  the name of the article on Forbes is These three countries
• 22:39
  explain what the Imf's why the IMF stands on Bitcoin Change
• 22:43
  goes on to say that International Monetary Fund is
• 22:45
  one of the most one of the predominant global organizations
• 22:48
  against Bitcoin. It has warned countries
• 22:50
  worldwide about using or adopting Bitcoin at any level.
• 22:53
  Still lately this hardcore anti crypto stance is changing.
• 22:57
  At the end of June, the I MF published a report in which they
• 23:00
  accepted the that prohibition may not work.
• 23:03
  They now recognize that even with some countries completely
• 23:06
  banned this kind of assets and related activities, quote this
• 23:10
  approach may not be effective in the long run.
• 23:12
  Let's explore some of the countries which influence the
• 23:15
  new I MF perspective. First of all, El Salvador, it's
• 23:18
  hard to talk. It's it's hard to talk about the
• 23:21
  adoption and interest in Bitcoin without mentioning El Salvador.
• 23:24
  The Central American country has gained much attention due to
• 23:27
  several public politics around Bitcoin, especially their
• 23:31
  Bitcoin law. The Bitcoin law made Bitcoin
• 23:34
  legal tender in El Salvador and we had an episode yesterday
• 23:37
  talking about how because bitcoins incentives are aligned.
• 23:43
  I don't think it's a coincidence, and I asked this to
• 23:45
  Jimmy Song on simply Bitcoin. Tyrell yesterday.
• 23:48
  I don't think it's a coincidence that life improved in El
• 23:51
  Salvador when they made a country the when they made a
• 23:55
  currency legal tender. And that said currency has
• 23:58
  aligned incentives. And remember currency plays a
• 24:00
  very important role in society is the base layer of society is
• 24:05
  half of every transaction. And if that base layer is
• 24:08
  corrupted, right, everything kind of stems from that, right?
• 24:11
  And I believe a lot of the hope. And a lot of the success that
• 24:14
  you're seeing in El Salvador I think has to do with the fact
• 24:17
  that the base layer has now been, has not been fixed anyway.
• 24:22
  So second country is Georgia. So Bitcoin is a global for
• 24:25
  phenomenon and it's helpful in many countries.
• 24:28
  Georgia is another example of why the IMF is changing its mind
• 24:31
  about about what Bitcoin can offer the world.
• 24:33
  Despite being a tiny country like El Salvador, Georgia is
• 24:36
  taking steps to grow its crypto strategy.
• 24:38
  The government signed a member Torium of Understanding with the
• 24:42
  dollar pegged stablecoin USDT to boost the country's blockchain
• 24:46
  industry, strengthen development of peertopeer technologies.
• 24:50
  The agreement happened just a few days after the company
• 24:53
  signed a similar deal with the Business and Technology
• 24:55
  University to boost Bitcoin and blockchain education in the
• 24:58
  country. The tax regime in Georgia also
• 25:02
  is is is also something relevant in Bitcoin and crypto terms.
• 25:06
  For example, individuals are exempt from paying personal
• 25:09
  income tax on income from this kind of asset, and
• 25:12
  cryptocurrency exchange for local and for and foreign
• 25:15
  official currencies is exempt from the value added tax.
• 25:20
  So again, you know, kind of going talking about the the
• 25:24
  better flag theory, the theory from the sovereign individual,
• 25:27
  you know governments are going to start to compete for your
• 25:29
  business, right? They're going to start to
• 25:31
  compete for you. Hey look, we have favorable tax
• 25:34
  laws here. In the case of El Salvador, if
• 25:36
  you have a tech company based in El Salvador that's Bitcoin
• 25:39
  related, you don't have to pay taxes.
• 25:40
  In the case of Georgia, you don't even have to pay taxes on
• 25:44
  on on capital gain from my understanding.
• 25:47
  You don't have to pay taxes if it's personal income, if it's
• 25:49
  coming from Bitcoin, right, that creates competition.
• 25:52
  I think that really, really wrote the, you know it, it made
• 25:56
  it obvious to the I MF, it put the the writing on the wall.
• 25:59
  Now the example that I always love to talk about is Nigeria.
• 26:03
  And the reason I like to talk about Nigeria is because Nigeria
• 26:05
  tried to launch a central bank digital currency, the E nira,
• 26:10
  and it was an absolute failure. I think it was like .3% of the
• 26:13
  population. Adopted it and in terms of
• 26:18
  Bitcoin and Shitcoin adoption, Nigeria has some of the highest
• 26:22
  adoption in the world. Now why was the CBDCA failure,
• 26:25
  right? Well, why was I talking about
• 26:27
  that stuff in the opening monologue about the XRP too?
• 26:32
  The reason is because of the incentives, right?
• 26:34
  ACBDC in a country that has 1020% inflation doesn't fix
• 26:39
  that. It doesn't get rid of the
• 26:40
  inflation. And that's the fundamental
• 26:42
  problem and this is what the central bankers don't want you
• 26:45
  to see. Like they're trying to put bait
• 26:46
  and sweat. They're trying to play bait and
• 26:47
  switch. It's like, yeah, we're rolling
• 26:50
  out the Cbdc's for more efficient payments.
• 26:53
  More inclusivity. But they they always don't say
• 26:56
  the reason as to why people are choosing alternative in the 1st
• 26:59
  place. And that alternative is they
• 27:01
  don't want to use the money that that loses purchasing power over
• 27:04
  time. They don't want to use the money
• 27:05
  that the government can debase. It's it's a simple it's super
• 27:08
  simple. Anyways, it goes on to say
• 27:11
  according to Chain Analysis 2022 Global Crypto Adoption Index Top
• 27:15
  20, Nigeria is the adoption leader in Africa.
• 27:18
  Its government has been taking different steps around this
• 27:20
  reality and even tried to ban it.
• 27:23
  As Forbes contributor Abubakar Noor Kahil explained in his
• 27:27
  early March piece quote, given the current economic climate,
• 27:30
  Bitcoin is viewed by many Nigerians, especially among the
• 27:33
  younger generation, as a safe haven for both the underbanked
• 27:37
  and under and unbanked as economic conditions worsen, the
• 27:41
  Federal Ministry of Communications and Digital
• 27:43
  Economy recently announced. It's national blockchain
• 27:46
  strategy in May. The goal is to create a
• 27:48
  blockchain powered economy, emphasizing the security of
• 27:51
  transactions, data sharing, value exchange in between peers
• 27:54
  and the government. The announcement is a validating
• 27:57
  event, especially since Nigeria's government tried to
• 28:00
  ban the industry in 2021 despite not giving Bitcoin or crypto the
• 28:05
  relevance Nouro Kahil did. They're looking into ways to
• 28:09
  understand and regulate it better.
• 28:11
  Take advantage of decentralized Ledger technologies.
• 28:14
  This pivot is similar to what is happening to the I MF.
• 28:17
  It shows that the perspective is changing both from institutions
• 28:21
  and governments worldwide, right?
• 28:23
  What's that famous saying? Like if you if if you can't beat
• 28:26
  them, join them. But I also believe that they're
• 28:29
  going kind of through this bargaining phase where they
• 28:31
  like. And Alex Godstein wrote this
• 28:33
  great piece right where says Bitcoin is a Trojan horse for
• 28:37
  freedom. And in that article he makes the
• 28:39
  case that that you can't separate number go up technology
• 28:45
  with freedom enabling technology.
• 28:47
  And I think governments and the I MF, they're kind of going
• 28:50
  through this bargaining phase. They realize like okay, we can't
• 28:52
  get rid of this thing. It's not going away.
• 28:55
  But we can regulate it and we can.
• 28:57
  You know, we read you guys that article by the, I think it was
• 29:03
  the European Central Bank. We're like, look, this is a
• 29:06
  problem like we're not going to be able to tax this thing
• 29:08
  effectively, but if we just have everyone's Bitcoin on
• 29:11
  centralized exchanges. You know, we'll still be able to
• 29:14
  do it. So it's kind of like this
• 29:16
  bargaining phase that they're going through, which I think is
• 29:18
  really interesting. But eventually they're going to
• 29:20
  have to come to terms with the fact that their ability to
• 29:23
  create money for free that everyone else has to work for is
• 29:25
  going to be greatly diminished. And they're also going to come
• 29:27
  to terms with the fact that people are going to have a lot
• 29:30
  higher mobility. So I think you're going to see a
• 29:33
  lot of people leaving, like if they live in a jurisdiction that
• 29:36
  is hostile to Bitcoin, has high taxes.
• 29:39
  It's incredibly easy if they take self custody, if they do it
• 29:42
  properly, to just take, just pick up everything and just go
• 29:46
  just like, all right, you know what?
• 29:47
  Like, fuck this. I'm moving to El Salvador.
• 29:49
  I've heard stories of people of, you know, expats either give up
• 29:54
  their American citizenship. I've heard stories of them
• 29:58
  moving to all of wanting to move to El Salvador.
• 30:00
  I've seen people move to El Salvador.
• 30:03
  And I think you're going to see more and more and more of this.
• 30:06
  And again, this is something that the Sovereign individual
• 30:08
  predicted and this is something that Jimmy Song was talking
• 30:11
  about last night on simply Bitcoin IRL.
• 30:14
  Anyways, OPTI, what are your thoughts on this, bro?
• 30:16
  And I think also shout out to Crypto Bistardo, which is a good
• 30:19
  friend of mine, man. Shout out to you bro, for being
• 30:22
  a Forbes contributor. We have a Bitcoiner, you know,
• 30:26
  writing articles for Forbes. So that's that's freaking
• 30:28
  awesome. I think the I MFI think, you
• 30:31
  know, they see the writing on the wall dude, and they're in
• 30:34
  the bargaining phase right now. What do you think?
• 30:36
  Well, First off, shouts out the Forbes.
• 30:39
  They've been doing a lot of good.
• 30:43
  Well, maybe not themselves, but they've been posting a lot of
• 30:46
  Bitcoin content over there. I've been seeing an uptick on
• 30:50
  the Bitcoin focused content, which is really awesome to see.
• 30:54
  Second, Nico, I might take an opposite stance than you, but
• 30:57
  before I go in there, like shouts out to Georgia, I think I
• 31:00
  missed that. And that's absolutely epic and
• 31:02
  bullish. They're gonna be on the up and
• 31:05
  up and of course shouts out to all the Bitcoiners in El
• 31:07
  Salvador and Nigeria. But yeah, Nico, I think I might
• 31:10
  take the opposite sense because like, if you look into the
• 31:13
  creation of the IMF. I won't be surprised if they
• 31:16
  don't. Excuse me.
• 31:17
  I won't be surprised that they'll never like Bitcoin, nor
• 31:21
  will they ever want Bitcoin to spread.
• 31:23
  But profits Dr. everything. And I think we are definitely
• 31:27
  seeing a change in tide, at least in the narrative around
• 31:31
  Bitcoin. Because.
• 31:33
  I know, I know people are going to say you know, like bitcoiners
• 31:36
  wanting number to go up and they're cheering on anything.
• 31:39
  But like ever since the BlackRock announcement we've
• 31:41
  seen the change of tune coming out of the corporate press
• 31:44
  endorsing Bitcoin. You know, bitcoins ESG friendly.
• 31:47
  Now Bitcoin is OK for all the asset managers to start to put
• 31:51
  some capital towards it, but I don't know, I.
• 31:55
  As much as we are seeing good signs from these countries I I
• 31:58
  still kind of think that the I MF is in the then they fight you
• 32:03
  stage. Obviously we remember what they
• 32:05
  did to Argentina and I think we will continue to see that but
• 32:09
  shouts out to Javier because he he's doing a great job over
• 32:12
  there and and again I'm I'm super hyped to see Bitcoin
• 32:15
  content and content creators get a platform on these corporate
• 32:19
  press sites because. Again, we are in information
• 32:23
  world, we are in a medical warfare and it's all about
• 32:26
  reaching people where they are and hence why we try to try to
• 32:31
  stay on YouTube for as long as possible.
• 32:33
  Because this is where everyone is and you know say what you
• 32:36
  want about like bending the knee to the corporate press.
• 32:38
  But getting the Bitcoin message in front of as many people as
• 32:42
  possible is the most important thing to do because we need as
• 32:46
  many people as possible holding Bitcoin and if you don't reach
• 32:49
  them where they are then. What's the point of everything
• 32:52
  we're doing? What's the point of trying to
• 32:55
  talk in an echo chamber and say the same thing over and over to
• 32:58
  people that think just like you, like we are here to change the
• 33:01
  hearts and minds of the masses? And showing these examples in
• 33:05
  the corporate press, I think is super, super important, so.
• 33:08
  We'll see if the IMF really does come around.
• 33:10
  I I'm still holding out. Again, I'm a little more
• 33:13
  cynical, even though my name is optimist Fields.
• 33:15
  I'm a little more cynical when it comes to these institutions
• 33:18
  out there because I I think they are fundamentally set up to
• 33:21
  endorse Fiat money and they will be the last holdouts.
• 33:25
  And I think that's a feature, not a bug.
• 33:27
  Yeah, 100%. I 100% agree with you.
• 33:30
  Anyways, everybody, no more delay.
• 33:32
  Let's jump straight into the culture.
• 33:34
  No. Yeah.
• 33:36
  Should we go to the culture? I got another piece of news if
• 33:39
  you want to hit it. You can hit it.
• 33:41
  Mine might be just like a little quick rant.
• 33:43
  I'm going to rant a little bit, so I might do it.
• 33:45
  Quick. All right.
• 33:46
  All right. So let's, let's definitely check
• 33:48
  out this other piece of news that I wanted to kind of
• 33:52
  highlight. I think it points out really the
• 33:54
  hypocrisy or at least how they view it, right.
• 33:58
  So this is the Fiat Times. The name of the article is The
• 34:01
  Case for a digital Euro. It goes on to say during the
• 34:05
  Pandemic, I returned to Belgium from Ireland.
• 34:08
  This is, of course, you know, reading from the author's
• 34:10
  perspective, right, for audio listeners, So he says.
• 34:13
  During the Pandemic, I returned to Belgium from Ireland only to
• 34:16
  discover that I had left my wallet behind.
• 34:19
  After the unusual panic, I realized that I wouldn't have
• 34:22
  any trouble buying groceries or making other payments.
• 34:24
  I didn't have cash and I didn't have my credit card or debit
• 34:27
  cards, but I did have the digital wallet on my smartphone.
• 34:30
  Everyday finance has gone digital in just a few years.
• 34:33
  It's been a gradual yet profound evolution, accelerated by the
• 34:36
  pandemic. Forget your wallet like I did.
• 34:39
  Use your smartphone or your smartwatch.
• 34:41
  Splitting a bill? Scan a QR code on a friend's
• 34:43
  phone to pay them back. Shopping online?
• 34:46
  Choose from a maraud Maraud. Different options to pay.
• 34:52
  But while we make payments using our digital wallets, what we
• 34:55
  don't have yet is a digital form of cash.
• 34:59
  I mean, I use Apple Pay all the fucking time and that shit works
• 35:04
  really, really well. So I mean, like, again, I don't
• 35:08
  think that's true and I'm pretty sure they have Apple Pay in
• 35:11
  Europe. That means something that can be
• 35:14
  used just as cash is today, legal tender that can be
• 35:18
  accepted everywhere and that could be exchanged one for one
• 35:21
  with physical cash. There are various forms of
• 35:24
  crypto, decentralized cryptocurrencies like Bitcoin or
• 35:26
  so-called stable coins. Again like look at the the the
• 35:30
  wording right. It's so-called stable coins like
• 35:32
  tether with a value usually tied to the US dollar.
• 35:35
  But the past year has clearly demonstrated that crypto is
• 35:38
  volatile and unlike euro cash or digital euro, it is not backed
• 35:42
  by a central bank right? That's the the common like theme
• 35:46
  right that that you know someone like Mr. Augustine it is not
• 35:51
  backed by a central bank would you know that's that's what they
• 35:55
  say right. But let's actually look at the
• 35:58
  data, right? Let's actually look at the
• 36:00
  numbers. You know, because this is like,
• 36:02
  look, it's volatile. It's not backed by a central
• 36:04
  bank. Okay.
• 36:04
  Fine, fine, fine. We're going to take your, your,
• 36:08
  you know, your, your, your, your, you know, we're going to
• 36:11
  take you for your word, right. So this is priced in Bitcoin.
• 36:14
  And if you would have kept your money in euros, right, because
• 36:19
  this is the name of the article, is the case for digital euro.
• 36:22
  On a five year time scale, your euro has lost 80% of its value
• 36:27
  towards Bitcoin. On a three-year time scale, it's
• 36:30
  lost 70% of its value. On a year time scale it's lost
• 36:34
  29% of its value. Year to date it's lost 43% of
• 36:39
  its value. Mind you, we are basically that.
• 36:43
  I wouldn't say we're at the bottom of a bear market.
• 36:45
  We're kind of making the recovery, but we're still not
• 36:48
  where we were at all time highs, so.
• 36:52
  Like, what is that argument working?
• 36:54
  Maybe what he's referring to is like on the week and monthly
• 36:58
  basis, it's volatile, but Bitcoin is designed to go up and
• 37:02
  to the right forever and Fiat is designed to go down and down and
• 37:07
  to the right forever. So again, a bit of a
• 37:09
  misrepresentation here and and I also find it interesting that.
• 37:13
  He is looking. He is looking for a he's looking
• 37:17
  to create a solution where there is already a very good solution.
• 37:22
  Like I'm a big fan of Apple Pay, works very effectively.
• 37:25
  I actually think that if Bitcoin payments don't become as simple
• 37:30
  and as effective as Apple Pay, it's going to become a problem
• 37:34
  because it's so easy. You just have to tap two buttons
• 37:36
  on the side of your phone Ding, it just goes boom.
• 37:39
  It works just fine. Right.
• 37:41
  Bitcoin wallets need to get to that point and I know we have
• 37:44
  the NFC cards that are like TAP and those are good, but we still
• 37:47
  got a lot of work to do on our side, right?
• 37:50
  But again, he's trying to create, he's trying to justify,
• 37:53
  he's trying to come up with the reason as to why this central
• 37:56
  bank digital currency needs to exist and also at the same time.
• 38:01
  But it's some misrepresentations, right?
• 38:03
  Cuz if you actually look at the data, what he's saying is
• 38:06
  actually not true. Anyways, so it goes on to say
• 38:09
  there are various forms of crypt, we already read that.
• 38:11
  So central banks worldwide, including the the ECB which is
• 38:15
  investigating a possible digital euro, are looking into issuing
• 38:19
  their own digital currencies. They're asking questions such as
• 38:21
  how to make them work. What they could be used for.
• 38:24
  How to protect people's privacy that see, that's fucking
• 38:27
  hilarious. And how to make sure monetary
• 38:29
  policy and financial stability are maintained.
• 38:32
  What financial stability? This doesn't look like financial
• 38:35
  stability to me. Like you, you've lost 80% of
• 38:39
  your value and and like and fine, don't compare it to
• 38:42
  Bitcoin. Maybe Bitcoin is like an unfair
• 38:44
  comparison. What's the inflation rate in
• 38:45
  Europe? 10%.
• 38:46
  Is that what you call financial stability?
• 38:48
  Like, fuck that shit. Anyways.
• 38:51
  It goes on to say alongside this, the European Commission
• 38:55
  took two key decisions this week.
• 38:56
  First, a proposal on the legal tender of cash.
• 38:59
  We're safeguarding cash as an accepted form of payment, but we
• 39:03
  also want to offer people in an extra choice.
• 39:06
  So second, we will propose a law to allow the ECB to issue a
• 39:09
  digital euro if it decides that would be worthwhile and
• 39:12
  workable. The digital euro would be a
• 39:14
  complement to cash, not a replacement.
• 39:16
  See, that's the part that they want to let you know it's like.
• 39:19
  Like, come on, come on guys. We're not trying to get rid of
• 39:21
  cash, even though we're passing laws that would limit how much
• 39:24
  cash you could spend, which is like 1000 year a limit.
• 39:27
  We're passing those laws. But at the same time, we don't
• 39:29
  want to get rid of this, believe us.
• 39:31
  We just want Cbdc's. Mind you, this is coming from
• 39:34
  the same people that are telling you that the cause of inflation
• 39:37
  is the weather. Yes, Christine Lagarde blames
• 39:41
  inflation on the climate, on climate change.
• 39:43
  So, like, forgive me if I'm skeptical when they tell me
• 39:48
  these things. So anyways, that goes on to say,
• 39:50
  like the physical euro, the digital euro could be used
• 39:53
  anywhere in the eurozone. It would it would have a similar
• 39:56
  function to cash, providing access to a reliable and easily
• 39:59
  accessible form of payment, but digitally.
• 40:02
  So first, it would ensure that the euro continues to play a key
• 40:06
  role in our lives. But what if we don't want the
• 40:08
  euro to play a key role in our lives?
• 40:11
  Right. So again, it's just, I love the
• 40:14
  framing. I love how it's structured.
• 40:16
  Lot of cope in there, lot of trying to justification.
• 40:20
  If you haven't used Apple Pay, use Apple Pay.
• 40:22
  You're like, holy shit, this is so easy.
• 40:24
  Why the fuck do we need a CBDC, you know?
• 40:26
  And it's like, again, like it's it's it's just so crazy to me,
• 40:30
  dude, Like they're trying so hard.
• 40:34
  They're trying so hard to be able to maintain their control
• 40:37
  on money. And they're willing to, and you
• 40:39
  remember the name Boo Kelly article.
• 40:41
  They're willing to lie, smear, cheat, misrepresent, steal,
• 40:46
  print in order to maintain that privilege.
• 40:49
  They're gonna do anything and everything.
• 40:52
  And our job at Simply Bitcoin is just to expose it, just to shine
• 40:55
  light on it and be like look, guys.
• 40:58
  I don't. I don't think that's necessarily
• 40:59
  true. Don't trust us.
• 41:00
  Verify yourself. Read that article.
• 41:03
  Go to Price and Bitcoin. Maybe you don't trust price and
• 41:06
  Bitcoin. Just take a look at the Bitcoin
• 41:07
  price. Take a look at inflation and
• 41:09
  then see if you believe you went.
• 41:12
  See if you believe it when they tell you that you know our main
• 41:14
  concern is privacy and and quote UN quote, monetary stability.
• 41:20
  Like that's that's a crock of shit in my opinion.
• 41:23
  Anyways, that's my 2 Sats Opti, what's your take?
• 41:27
  Well. I'm glad that we mean the Fiat
• 41:31
  times, I mean Financial Times and call them the Fiat times
• 41:34
  because they just dropping cover for the Fiat bankers once again.
• 41:38
  Like what year is this like? It feel I I feel like I'm taking
• 41:42
  crazy pills here. Like we we we have to
• 41:45
  continuously debunk the same narratives over and over and
• 41:49
  over again. Like why do they always want to
• 41:50
  peg why do they always feel the need that a central bank is the
• 41:54
  only thing that can issue money. Like it's such Keynesian
• 41:58
  thinking. It's so broken.
• 42:00
  It's such Stockholm syndrome. It's it's hard for me to even
• 42:03
  comprehend the amount of cope here but man, like.
• 42:08
  I loved how they kind of touched on Bitcoin there for a minute,
• 42:10
  and you could just tell that they're thinking about it is
• 42:12
  completely broken. Like Bitcoin is my stablecoin.
• 42:16
  Bitcoin is the only thing that isn't volatile in the world, in
• 42:19
  my opinion. Everyone's saying the chat, you
• 42:22
  know, of course it's it's a meme, but one Bitcoin equals one
• 42:24
  Bitcoin. Like it's Fiat money that is
• 42:26
  volatile, it's Fiat money that is losing value.
• 42:29
  And as a bitcoiner, it's like once you take off the the muddy
• 42:34
  land and you look at the world clearly.
• 42:37
  It just becomes so clear how diluted all these people are.
• 42:40
  And just like use Bitcoin to exchange for goods and services,
• 42:44
  like you don't need a peg for a digital currency, we have
• 42:48
  Bitcoin. Like exchange your energy for
• 42:52
  Bitcoin and store that and then. Sell your goods and services for
• 42:57
  Bitcoin like it's so simple. I don't understand how these
• 43:00
  people have to go through so many mental gymnastics to get to
• 43:04
  this point to try to shell a central bank digital control
• 43:09
  mechanism. It's absolutely insane.
• 43:11
  Bitcoin is the only thing that is stable.
• 43:13
  We know Bitcoin's monetary policy for the next 100 years.
• 43:15
  You can't say that about Fiat money like you can't say that
• 43:18
  about a digital euro. Because they literally tell you
• 43:21
  that they want to have surgical control over that digital money
• 43:26
  so that they can inflate it. So that can take away your your
• 43:28
  savings, so they can stop you from buying ammunition, from
• 43:32
  buying meat, from buying undesirable products.
• 43:34
  Like it's absolutely insane and you know, shouts out to the Fiat
• 43:37
  times for. Exposing their hands and
• 43:42
  publishing such garbage because it shows their bias.
• 43:45
  And look, I'll tell you up front, I am completely biased.
• 43:49
  I think Bitcoin is a superior technology, a superior money
• 43:52
  tech, and I'm not the only one out there.
• 43:56
  Everyone else that. Is was a Bitcoin critic of
• 43:59
  Bitcoin skeptic, if they are honest with themselves, realize
• 44:03
  that Bitcoin is a superior way to transact in the digital
• 44:05
  world. Digital digital money for the
• 44:07
  digital world and no amount of corporate press shenanigans is
• 44:12
  going to stop this. They can continue to say all
• 44:14
  they want, but they are just shooting themselves in the foot
• 44:17
  and ruining their own reputation and as we move into the Bitcoin
• 44:20
  standard, into a bitcoinized world.
• 44:22
  Your reputation is going to mean a lot.
• 44:25
  No longer can you just lie and get close to the money printer
• 44:28
  and be able to survive and continue to kick the can down
• 44:31
  the road. Like there's there's a new era
• 44:33
  man and and the buck is stopping now like we are.
• 44:35
  We are snapping back down to reality And you know, I'm sorry
• 44:39
  to say, but a lot of these Fiat times people not necessarily
• 44:44
  just at Financial Times but in general.
• 44:47
  They they they're going to have a rough time.
• 44:49
  You know I I think it's going to get it's going to get a little
• 44:51
  dark for them. Obviously it's going to get dark
• 44:52
  for us too because they still are in control of the money
• 44:55
  printer. But it's so simple man.
• 44:59
  Bitcoin is so much simpler than the Fiat world and and no amount
• 45:02
  of ridiculous corporate press is can can deny that truth.
• 45:06
  It's just it's absolutely nuts man. 100% a 100% No amount of
• 45:10
  misrepresentations and spin you know is is going to be able to
• 45:14
  cover up their BS anyways. I also want to give a shout out
• 45:17
  to Bitplates. You want to make it over the
• 45:21
  finish line with your generational wealth and the way
• 45:23
  that you do it is by properly securing and backing up your
• 45:27
  Bitcoin wallet passphrase and seed phrase.
• 45:31
  And the way to do it is the Bitplates Domino.
• 45:33
  It's easy to use, hard to destroy.
• 45:36
  They're designed to preserve Bitcoin wallet backup seed words
• 45:38
  and passphrases. It's made from highly corrosion
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  resistant 316 marine grade stainless steel, offering the
• 45:45
  ultimate protection against extremes of temperatures.
• 45:48
  You can use the promo code simply to get 10% off anything
• 45:52
  on the bitplates.com website. Anyways, everybody, let's get to
• 45:56
  the culture. The Daily Culture.
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• 46:26
  All right guys, I also want to give a shout out to the largest
• 46:29
  Bitcoin conference on the way West Coast.
• 46:32
  It is not a conference. It's actually going to be a
• 46:33
  festival this year. You definitely don't want to
• 46:35
  miss Pacific Bitcoin October 5th through the 6th in Los Angeles,
• 46:40
  CA. The speaker list includes Lynn
• 46:42
  Alden, Greg Foss, Alex Gladstein, Preston Pitch and
• 46:46
  Corey Clipston. Many, many more to be announced
• 46:49
  is going to be the one of the biggest Bitcoin celebrations.
• 46:52
  They rent out an entire airplane hangar.
• 46:54
  It's OPT. It's awesome.
• 46:56
  Opti and I are going to be there as well.
• 46:58
  You definitely don't want to miss the Pacific Bitcoin
• 47:00
  Festival and you can take advantage of the promo code
• 47:03
  simply to get yourself a 20% discount to the tickets.
• 47:07
  Anyways, Opti, what are we talking about today, brother?
• 47:10
  All right guys, I I want to give a little update because we we
• 47:14
  covered this in the past and we just got some new numbers coming
• 47:18
  in and it's absolutely. Bananas.
• 47:20
  It really blows my mind that people think we need to
• 47:23
  continuously print money to help the economy.
• 47:26
  It just it's absolutely disgusting that stealing and
• 47:30
  theft is the status quo. But anyways, let's get into some
• 47:33
  of these headlines here. So just to give some context
• 47:36
  here on what is this June 2nd? Of this year 2023, we got the
• 47:42
  news that the Senate just passed the debt ceiling bill which
• 47:45
  basically means that they have eliminated the debt ceiling.
• 47:48
  So the Fosters at the US department and this is CNN guys.
• 47:51
  So this is not as Bitcoin are saying this, this is that.
• 47:53
  Again this is the corporate press.
• 47:55
  Saying what we say all the time, obviously they're going to have
• 47:57
  their own spin on it, but the faucets at the US Department of
• 48:00
  the Treasury are set to turn back on after nearly five months
• 48:03
  of frozen pipes and a vote on Thursday evening.
• 48:05
  This is June 1st that they're talking about.
• 48:08
  The Senate approved a measure to suspend the nation's debt limit
• 48:12
  through January 1st, 2025. Again suspend the nation's debt
• 48:16
  limit through January 1st, 2025. President Joe Biden is expected
• 48:20
  to swiftly sign the bill it passed since the debt ceiling
• 48:23
  was breached in mid January. The Treasury Department has not
• 48:26
  been able to borrow more money to pay its bills on time.
• 48:29
  Treasury has undergone a series of extraordinary measures to buy
• 48:32
  it more time in hopes that Congress takes action to suspend
• 48:35
  or raise the debt limit. Well, shouts out to Marty Bent
• 48:38
  because he's the one that brought this to my attention and
• 48:43
  since they lifted the debt ceiling a month ago.
• 48:47
  In just 30-4 days they have added $1 trillion again, I
• 48:52
  repeat added $1 trillion to the national debt after the debt
• 48:57
  ceiling was suspended. So a rise from $31.46 trillion
• 49:02
  to $32.47 trillion or 3.2%. So now that there's no cap here,
• 49:10
  the the government has no concern about their spending
• 49:14
  capabilities. They literally have an unlimited
• 49:16
  credit card and they. Are stealing from future
• 49:19
  generations and no longer do they even have to ask you
• 49:23
  whether they, you know, can spend this money.
• 49:26
  They don't. They don't even have to do
• 49:27
  anything to try to convince you or or, you know, sugarcoat it so
• 49:31
  that it's palatable so that it goes down easy.
• 49:34
  But the quote tweet from here that Marty used in what's a?
• 49:40
  I'm I'm I'm missing up on the his on newsletter name this is
• 49:44
  Charlie Bellello and he says U.S.
• 49:47
  National debt has now increased by over $1 trillion since the
• 49:50
  debt Celine was suspended last month and you can see how much
• 49:52
  money they're spending again the reason we are bringing this up
• 49:57
  it's not so much that we know that money printer go Burr it's
• 50:00
  it's too. Keep telling you guys the
• 50:04
  basics. It's all about first principles
• 50:05
  here. And if you studied any amount of
• 50:08
  Austrian economics, you understand where the true cause
• 50:11
  of inflation is. So they can continue to try to
• 50:15
  gaslight you and say that oh you know, price rises are are going
• 50:19
  up because of Beyoncé or Taylor Swift or whatever nonsense they
• 50:23
  are used to tell you that you are getting poorer without
• 50:27
  actually defining what inflation is.
• 50:29
  And I've used this article over here from Mezes.
• 50:32
  Dot org multiple times on this show it's defining inflation.
• 50:35
  The essence of inflation is not a general rise in prices, but an
• 50:39
  increase in the supply of money, which in turn sets in motion a
• 50:43
  general increase in the prices of goods and services.
• 50:46
  So again, to verify, we can see what the national debt is, and
• 50:50
  and this is probably not even correct either, but U.S.
• 50:54
  National debt is currently at 32 trillion, 545,107,000,000, four
• 51:00
  hundred and counting 1000. Dollars and this is just
• 51:04
  ridiculous and and they think especially remember what we just
• 51:08
  said in the news by the Fiat times about the fact that all
• 51:11
  these Keynesians all these Modern Monetary theorists they
• 51:13
  they think that they can just continue to spread or spend
• 51:17
  money. Continue to print money continue
• 51:19
  to expand the money supply kick the can down the road and the
• 51:22
  economy will be okay. Just as long as they have that
• 51:25
  unlimited black Amex card they will.
• 51:29
  Be able to paper over any of this stuff in the economy and
• 51:32
  it's absolute trash. Of course, who knows how much
• 51:35
  the national debt has to get before things actually explode.
• 51:38
  But as Fosso he says, it's 11th grade math and they have to
• 51:41
  continue to print, which means you are getting poorer.
• 51:45
  This is the whole basic fundamentals of all this.
• 51:48
  The more money they print, the poorer you get.
• 51:51
  Moving forward the least the the the less the purchasing power of
• 51:56
  your money is worth so. They just printed a trillion
• 51:59
  dollars just last month. I can only imagine how much
• 52:02
  money they're going to continue to print, which means you are
• 52:04
  just going to stay getting poorer, have fun staying poor if
• 52:07
  you are not saving in Bitcoin and having your net worth go up
• 52:12
  in purchasing power. So look, this happened
• 52:15
  yesterday. The CPI numbers came out.
• 52:18
  We we talked about it all the time.
• 52:19
  CPI is fake. I forget what the acronym is.
• 52:22
  CPI, what someone said, I think it was our friend Andres in the
• 52:25
  chat, you know? Constantly lying, constantly
• 52:29
  changing the numbers of the inflation numbers.
• 52:32
  But hey, they're you know, they're saying the consumer
• 52:35
  price index increased at only .2% monthly rate for June.
• 52:38
  This increase was the same for both the headline rate and for
• 52:41
  core inflation, which excludes food and energy.
• 52:43
  And that's the smallest monthly increase since August 2021.
• 52:47
  And headline inflation only rose at 3%.
• 52:49
  However, the Fed is still likely to argue core inflation rising
• 52:53
  at a 4.8% annual rate, is well above two 2% inflation.
• 52:57
  And they'll probably raise rates in July as a result.
• 53:00
  Now just to break this down for the average person that gets
• 53:05
  confused by all this stuff because it is, it is designed to
• 53:08
  confuse you. It's complicated on purpose.
• 53:11
  Shouts out to our boy BTC CAS and he goes if you gain £9 in
• 53:15
  April, 7 pounds in May, £5 in June and three pounds in July,
• 53:20
  your weight isn't going down. Since you only gained £3.00 this
• 53:23
  month, the rate at which you are gaining weight is going down.
• 53:27
  But you are still getting fatter and this is the same going with
• 53:30
  inflation. They can try to convince you
• 53:32
  that, you know, inflation's under control.
• 53:34
  You're, you know, we're getting back to that 2% guys.
• 53:37
  You know the economy is getting better, but you are still losing
• 53:40
  3% of your purchasing power year over year.
• 53:43
  And this is just absolute nonsense.
• 53:45
  This is why we tell you guys to opt out and again shouts out to
• 53:49
  Marty Bent because this is something that we talked about
• 53:52
  and I literally said it earlier. There will be a blowback on
• 53:55
  this. The snapback to reality is
• 53:58
  happening in real time. Yes, we are turning around the
• 54:00
  Titanic. Yes, it doesn't happen
• 54:02
  overnight. But I think in real time people
• 54:03
  are waking up, people are feeling the pressures of
• 54:06
  inflation. People are asking themselves
• 54:08
  what the hell is going on? Like how is this the status quo?
• 54:13
  I know you guys are seeing on Twitter the amount of.
• 54:18
  Tweet and information about people questioning the the
• 54:22
  standard mainstream narrative, Well, I think it's only a matter
• 54:25
  of time when this happens for Bitcoin as well as we move into
• 54:29
  this next bull run. I've been saying this for a
• 54:30
  while. I really do think this.
• 54:32
  I hate being the Bitcoin at this time is different, but I really
• 54:34
  do think this time might be different in this bull run and I
• 54:37
  think more people will wake up as the numbers start getting
• 54:40
  into something crazy as we finally break that six figure
• 54:42
  Bitcoin price. I think more and more people are
• 54:45
  going to wake up to the idea of what is money, What is going on
• 54:48
  with Bitcoin? Why am I getting poorer?
• 54:51
  Why are my grocery bills getting higher and I'm buying less
• 54:54
  things? What is this shrink
• 54:55
  shrinkflation happening? But it will happen in real time,
• 55:00
  and unfortunately, most people will still believe in the
• 55:03
  government. They still believe that the
• 55:04
  government has their best interests.
• 55:06
  They still believe that the Fed is out here helping you, helping
• 55:08
  you, the little man you know, buy groceries.
• 55:11
  But there is only one way out of this guys, and it is to take
• 55:16
  agency over your lives. Stop depending on the government
• 55:19
  or the central banks to bail you out and begin taking back
• 55:22
  control of your money via Bitcoin.
• 55:23
  There's no voting your way out of this problem.
• 55:26
  The problem is inherently designed by the system to be
• 55:30
  what it is, and you can't fix the system by using the system.
• 55:33
  The only vote that matters is with your money and your feet.
• 55:36
  First, people will vote with their money.
• 55:39
  And you got to vote for the separation of money in state.
• 55:41
  This is what we're doing guys, because they will continue to
• 55:44
  print money, they will continue to steal from you, they will
• 55:47
  continue to print money. And as we're seeing, there is no
• 55:51
  debt ceiling anymore until 2025. That's a whole year from now.
• 55:55
  If they just printed a trillion dollars in the last last month,
• 55:58
  I can only imagine how much money they're going to print in
• 56:01
  the year to come. I I.
• 56:04
  I'm guessing they're going to print at least $12 trillion if
• 56:08
  this is the the course we are on.
• 56:11
  And look maths hard for me, but that is double digits inflation.
• 56:15
  That means you are getting poorer by exponential amount
• 56:18
  guys. And as Denver says here and this
• 56:20
  is this is something we say all the time and this is the crux of
• 56:22
  it all. There's only one thing you can
• 56:24
  really do and that is adopt the Bitcoin standard for yourself.
• 56:27
  Be willing to pay for goods and services in Bitcoin, Be willing
• 56:29
  to accept Bitcoin for your goods and service services.
• 56:33
  And saving Bitcoin. You need to have a savings of
• 56:36
  Bitcoin moving forward because the powers that be have shown
• 56:41
  that they're going to continue to steal from you.
• 56:44
  I call it theft. Maybe you haven't gotten to
• 56:47
  around to the idea that inflation is theft.
• 56:49
  Inflation is the silent theft. Maybe you don't think taxation
• 56:52
  is that. Maybe you're not as much of A
• 56:53
  libertarian as as we are, but you got to get on the hard money
• 56:59
  standard that is Bitcoin because.
• 57:01
  Paper money, Fiat money is completely detached from
• 57:03
  reality, and they're just going to continue to print money.
• 57:06
  And I don't know about you, but I don't like getting poorer.
• 57:09
  I don't like seeing my family get poorer.
• 57:11
  And it's about spreading that signal so that more people start
• 57:15
  saving in Bitcoin, more people start protecting themselves.
• 57:18
  Because it's becoming very clear that you can't trust these
• 57:21
  government officials to save you, to protect you.
• 57:23
  Yes, I know people still believe in the great nanny state, but.
• 57:28
  They're literally pissing in your face and telling you that
• 57:30
  it's raining. Look, I I hate to be like that
• 57:32
  cynical on today's show, but the silver lining is we have the
• 57:37
  tools. It is Bitcoin.
• 57:38
  Take Bitcoin into self custody using, you know, blue wallet,
• 57:41
  Green wallet, Moon Wallet, Phoenix Wallet.
• 57:44
  Wallet is Satoshi, Bitcoin core, Electron, Sparrow, Spector, Seed
• 57:47
  Signer, Jade, Cold card, Passport.
• 57:50
  Like the tools are here guys, and you no longer have to just
• 57:54
  sit around and get poorer. Wake everyone up.
• 57:57
  This is the only thing we have going on.
• 57:58
  They are stealing from you. The more they print money, the
• 58:02
  more the national debt goes on, the more they're stealing from
• 58:05
  you. Like it's so simple.
• 58:06
  Just get the simple points across.
• 58:08
  Get on the mission, bro. It's it's man, it's it's insane,
• 58:12
  bro. It's.
• 58:12
  Straight up. All you got to do, you gotta get
• 58:14
  on the mission. You know Orange Peel.
• 58:16
  Your family. You gotta wake them up.
• 58:17
  It's not a left verse, right, it's not.
• 58:19
  Don't get stuck in the in the left verse right dichotomy.
• 58:23
  You know, get on the mission. You know, Orange pill your
• 58:26
  family members if they don't know how to take self custody,
• 58:28
  be that Uncle Jim and your family and you know, push the
• 58:32
  peaceful Bitcoin revolution forward.
• 58:34
  And I got to say St. Opti's back, baby, We got to do
• 58:39
  more episodes where Opti just gets on his soapbox and does
• 58:43
  what he does best. Anyways, everybody, no more
• 58:46
  delay. Let's jump straight into the
• 58:47
  memes. I know that's what all you guys
• 58:49
  have been waiting for. No more delay.
• 58:51
  Let's do this. The Daily Meme Review brought to
• 58:58
  you by Kaboom Racks. I get this question all the
• 59:00
  time, Nico, where should I buy Bitcoin miners?
• 59:03
  The answer is Kaboom racks. It's the best place to buy
• 59:06
  Bitcoin miners. That's where you're going to
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  got to go to T dot me slash Kaboom racks.
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• 59:20
  Kaboom Racks. Kaboom OK guys, this is the
• 59:31
  meme. I'll say kaboom Kaboom Racks
• 59:35
  kaboom. This is the meme review guys,
• 59:39
  where you send us tweets. I either find them on Twitter,
• 59:43
  you send them to me, tag me at Simply Bitcoin TV on Twitter, or
• 59:46
  drop them in our Telegram group and and guys, I.
• 59:50
  I will do my best to just pick pictures, but it's easier if you
• 59:53
  guys just drop me the tweets in our telegram group.
• 59:56
  I know, I know, they have the Geo tagging and the IP and
• 59:59
  they're tracking everything. It makes it easier so I can give
• 1:00:02
  you guys credit on the meme review.
• 1:00:04
  But anyways. Continue to get the calls of
• 1:00:08
  action out there. Continue to ridicule the
• 1:00:10
  corporate press. Continue to make the funnies so
• 1:00:12
  your friends keep their heads in the game.
• 1:00:15
  Okay this 1st meme is by Jeff at Jeff you under score and I'm
• 1:00:22
  pretty sure I could play the audio, but I will just try to.
• 1:00:27
  Explain this. Even though I got yelled at
• 1:00:29
  yesterday by sea door because I butchered the videos, it's hard
• 1:00:31
  to explain videos. Anyways, this meme here, I think
• 1:00:34
  this is a great one that's probably gonna hit a little
• 1:00:36
  better on YouTube than it will an audio form, but Jeff goes
• 1:00:40
  hashtag Bitcoin nodes every 10 minutes when they receive a new
• 1:00:43
  block. And for you guys watching,
• 1:00:46
  actually, we'll we'll leave it for those in the spaces.
• 1:00:49
  This looks like a Delanovella. This is like a TV drama, and
• 1:00:54
  it's a group for it looks probably like a family and
• 1:00:56
  everyone is just pulling guns on each other.
• 1:00:58
  There's just a giant Mexican standoff, and this is what your
• 1:01:01
  Bitcoin nodes are doing every 10 minutes when they receive a new
• 1:01:04
  block. Do not trust everyone, Don't
• 1:01:06
  trust anyone with your transactions.
• 1:01:09
  Run a note for yourself and verify that people are spending
• 1:01:13
  the money like they say. They are because as we've seen,
• 1:01:15
  and we have, we'll continue to see For as long as people are on
• 1:01:18
  the Fiat system, people will lie and try to double spend money
• 1:01:24
  they don't have. They will use someone else's
• 1:01:26
  debt to say they're rich. And the only way to avoid this
• 1:01:30
  is by being in a Mexican standoff and running your own
• 1:01:32
  node, which is literally what bitcoiners are doing Anyways.
• 1:01:35
  This next meme is by Predator on Twitter, and he goes, I made a
• 1:01:39
  tearless of the best crypto assets.
• 1:01:42
  And we got the best crypto asset which is Bitcoin and.
• 1:01:45
  What's the second best? There is no?
• 1:01:47
  Second best. And then everything else is all
• 1:01:49
  these other shit coins. A tier below Bitcoin because
• 1:01:52
  there is no second best, and there is Bitcoin.
• 1:01:54
  And then there's Shitcoin. I like that one.
• 1:01:57
  There was this one, this one by I forget what the original was,
• 1:02:01
  but I saw Ameem. On the Twitters maybe, I don't
• 1:02:05
  know. Whatever.
• 1:02:05
  Anyways, this next meeting is by Rd. under score BTC and it goes.
• 1:02:08
  Me on my way to buy more Bitcoin and we got Kermit the Frog with
• 1:02:11
  laser eyes on a scooter on a moped going to buy more Bitcoin
• 1:02:16
  because you have sold your cars and your chairs and you don't
• 1:02:19
  have any more possessions because you're all in on on
• 1:02:22
  Bitcoin. This is the way.
• 1:02:23
  OK this next one is by Wojack Bitcoin and goes I choose
• 1:02:27
  Bitcoin. And we have a a dead woe Jack
• 1:02:31
  here. And this says I didn't choose
• 1:02:33
  the dollar and we have another strong out woe Jack.
• 1:02:36
  And he says I didn't choose the euro.
• 1:02:38
  We got another woe Jack. That's demoralized.
• 1:02:40
  He says I didn't choose the pound and we got another woe
• 1:02:43
  Jack. That's even more demoralizing
• 1:02:45
  because I didn't choose the yuan, but I choose Bitcoin and
• 1:02:48
  it's a Chad Bitcoin. Or listening to Bitcoin pot,
• 1:02:51
  listen to simply Bitcoin and it's got a six and the Bitcoin
• 1:02:54
  lightning network behind it. This is the way guys choose.
• 1:02:58
  Bitcoin. You didn't choose the Fiat money
• 1:03:01
  that you are currently forced to use that it is designed to steal
• 1:03:04
  from you. But you can choose a money that
• 1:03:07
  doesn't steal from you. Opt into Bitcoin guys, this is
• 1:03:10
  the way Anyways, This next meme is by the BTC therapist and he
• 1:03:13
  goes has the bull market started Question mark #BTC.
• 1:03:17
  And we got Shia La Boeuf here and tears as we get a bunch of
• 1:03:21
  green candles and the Bitcoin logo behind him goes me looking
• 1:03:24
  at my Bitcoin by history after November 2022, I think there's a
• 1:03:29
  statistic that said basically every single person that has
• 1:03:32
  DCAD is up in their Bitcoin dollar cost average, which means
• 1:03:37
  you guys are all winning out there, continue to stack that
• 1:03:39
  Bitcoin. Everyone is in the green.
• 1:03:41
  Let's go. OK, This next one is by Greg
• 1:03:43
  Dodge 1. And it is a play on the mat.
• 1:03:46
  Odell stacks that stay humble stay solvent shouts out the
• 1:03:49
  biking go. I don't know who this guy is,
• 1:03:51
  but he looks like, you know, an early American, an aristocrat.
• 1:03:55
  And he goes preserve one's humility.
• 1:03:58
  Wireless amassing A bounty of Satoshi's aka stacks that stay
• 1:04:02
  humble. And this last one, it's not even
• 1:04:04
  a bitcoiner. But I like this account.
• 1:04:06
  It goes, this is my trad West and it goes.
• 1:04:08
  Healthy reminder. Peaceful does not mean weak.
• 1:04:11
  And we got some, you know, early exploratory Americans in the
• 1:04:15
  West. And it's a man teaching a woman
• 1:04:17
  to shoot a rifle. Peaceful does not mean we guys
• 1:04:20
  we, you know, just because we are nice does not mean we are
• 1:04:24
  weak. That it reminds me of a song
• 1:04:26
  that I like by. I think it's called The Soul
• 1:04:28
  Children. It's a it's a soul song.
• 1:04:30
  Don't take my kindness for weakness.
• 1:04:32
  Just because we are in a peaceful revolution does not
• 1:04:35
  mean that bitcoiners are weak. Get fit mentally, get fit
• 1:04:38
  spiritually. Get fit physically.
• 1:04:40
  Because we are ushering in the bright orange future.
• 1:04:44
  OK, anyways, not I didn't prepare my score for today yet.
• 1:04:48
  Nico, hold on. I'm going to give it this random
• 1:04:51
  business card that I found on my desk.
• 1:04:54
  I have no idea. Memo.
• 1:04:56
  It's a garden center, yeah. OK, nice.
• 1:04:59
  All right, drop your meme review score in the chat.
• 1:05:00
  I forgot to say that, I think, but my meme review score for
• 1:05:04
  today is. My my key fob to get into into
• 1:05:09
  my my apartment. Ohh and you got a coin, kite?
• 1:05:13
  Yeah, wait, hold on, my key fob added with my with my open dime.
• 1:05:20
  So. On my coin, kite lanyard,
• 1:05:23
  that's. Like I I'm Opti, I'm a bit
• 1:05:25
  coiner. Obsec burnt.
• 1:05:29
  Don't. Care.
• 1:05:30
  Oh man. Anyways, guys, put your put your
• 1:05:34
  meme score in the live chat and we'll we'll get to it.
• 1:05:38
  Anyways, first one is by Michael Ward.
• 1:05:43
  I give the memes 4 1/2 pasture raised eggs out of five.
• 1:05:47
  OK, very. Very.
• 1:05:48
  I think this one's a score. But.
• 1:05:50
  It doesn't say score hold. On the P man van me fighting a
• 1:05:53
  nest of bumblebees. 7 things, 7 stings so far while listening to
• 1:05:57
  simplification right now really. Let's go.
• 1:06:03
  Dude, that's absolutely hilarious, Elaine.
• 1:06:06
  Bitcoin rocket ship. Don't miss it.
• 1:06:08
  Just take it. Hold on, enjoy the ride.
• 1:06:10
  I got it. Rocket ship, get on board.
• 1:06:13
  Oh man. And then I think this is a no
• 1:06:16
  no. No, I got a few more.
• 1:06:17
  I got. Yeah, there's a.
• 1:06:18
  I give the memes a monumental apology by Socrates.
• 1:06:22
  I feel like I. Love the philosophical.
• 1:06:25
  Meme scores Bitcoin for Canadians.
• 1:06:27
  I give the meme an upcoming weekend of green candles.
• 1:06:30
  Let's go. I think this is also a score,
• 1:06:32
  but I don't. I don't know.
• 1:06:34
  Jithoro says just do it. Shia 2 pre corners hesitating
• 1:06:38
  about their first Bitcoin smash. Just do it.
• 1:06:41
  Wait, I have it, do it. I.
• 1:06:42
  Don't know. Just do it.
• 1:06:45
  Bitcoin for Canadians. I get.
• 1:06:46
  No, we already read that one Meme score.
• 1:06:50
  Oh wait, I got it. 10,000 Bitcoin beats us.
• 1:06:54
  Oh man, do it. Mclovin an industrial,
• 1:06:59
  industrial sized jug of crab ointment for Opti.
• 1:07:02
  Anyways, guys, that's it. We're we're wait.
• 1:07:04
  There's one more. There's one more.
• 1:07:05
  We got to do this one. OK, Roman Stack Sat show, whole
• 1:07:10
  episode score. That's motherfucking boss.
• 1:07:13
  Air Horn 300. Listen, that's cool.
• 1:07:16
  Motherfucking boy. Kelly, I give the memes a fur.
• 1:07:27
  Oh, man. All right, guys, today's show
• 1:07:29
  was a lot of fun. Thank you so much for tuning in.
• 1:07:31
  I'm your host, Sneako. This is my legendary cohost
• 1:07:33
  Optimist Fields. We love you all.
• 1:07:35
  We appreciate you guys for tuning in.
• 1:07:36
  If you enjoyed this show, you know what to do.
• 1:07:37
  Smash that like. But consider subscribing if you
• 1:07:40
  feel like we provided you value. But the number one thing you
• 1:07:42
  could do to help push the peaceful Bitcoin revolution
• 1:07:44
  forward is share this content. Push the orange signal out
• 1:07:48
  there. And yeah, guys, And we'll see
• 1:07:51
  you tomorrow for another episode of Simply Bitcoin Live.
• 1:07:55
  Peace out. Y'all.
• 1:08:08
  All right guys, you already know the deal.
• 1:08:11
  You know it's all about the simple things in life, and
• 1:08:14
  yelling in your ears won't why we do the spaces.
• 1:08:19
  It really, it really, really makes me feel good about myself.
• 1:08:22
  Anyways, you already know the deal.
• 1:08:23
  This is a Bitcoin space by big corners for big corners.
• 1:08:25
  So come up here, add your two sets to the conversation.
• 1:08:28
  We want to hear your opinions, and there's probably some things
• 1:08:32
  that dropped on the Twitter timeline since we went live.
• 1:08:36
  So we can have those conversations.
• 1:08:39
  We can talk about what we talked about on the show.
• 1:08:44
  Meme. Score me for the space.
• 1:08:46
  What is a? Oh, this is my boy Opti Fink
• 1:08:49
  Fields. Let me see.
• 1:08:55
  I have to wait till YouTube dies.
• 1:08:56
  I have to wait till YouTube ends before I can say that score bro.