Latest / Simply Bitcoin / BREAKING: Binance US Does NOT HAVE ANY Bitcoin | EP 641

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BREAKING: Binance US Does NOT HAVE ANY Bitcoin | EP 641 · Simply Bitcoin

0:14
Yo, today is December, 19. 20 22, welcome to Simply Bitcoin
0:20
live. We are your number one source
0:21
for the peaceful Bitcoin Revolution color, breaking news
0:24
culture me, Matic Warfare, we will be your guide through the
0:28
separation of money and stayed and that's exactly what we are
0:31
living through nowadays. Anyway, some really interesting
0:34
news, some this crazy article was dropped substantially out to
0:41
core eclipsed in and in the article it It basically makes
0:45
the case that Finance us doesn't have any Bitcoin act.
0:50
In fact, they send it to their international branch for that
0:54
was really fascinating and kind of connect this with how FTX did
1:00
their thing, right? FTX, you know, they weren't
1:03
registered in the united states allow US citizens for one
1:08
specific exchange. They, you know, they registered
1:14
in the Thomas, right? So it's most likely to attempt 2
1:19
attempt to, you know, evade us regulations.
1:22
We also have the news that came out the same week, I might add
1:26
that SPF was arrested that the doj was potentially
1:31
investigating Finance, 444 skirting AML, and kyc
1:37
regulation. So we're going to get into all
1:39
the details of that we brought all the receipts like we usually
1:42
do also, Very strong response by Cynthia lummis.
1:46
And she was responding to the bill that was introduced last
1:50
week by Senator Marshall, and Senator Elizabeth Warren, that
1:54
would basically outright ban Bitcoin, not directly and say
1:58
they're going to ban Bitcoin, but it would force open source
2:01
developers to register with the government.
2:03
And basically, ask the government for permission to
2:07
write code, which is like the most anti-American thing that
2:11
you can imagine. So we get, we're going to play
2:14
that for. You guys crazy, crazy, crazy day
2:17
Monday. Got to start strong.
2:19
But first, I want to introduce my legendary co-host.
2:23
Always optimistic, how you doing Opti?
2:25
It's Monday, Monday Monday. I think everyone's got a case of
2:28
the Monday's today but hey, we're here, we get to make
2:32
Bitcoin content so absolutely honored and humbled to be here
2:37
and Nico. You actually inspired today's
2:40
culture. I think it was Darth coin that
2:43
hip does to a mess. Image and our simply Bitcoin
2:46
Telegram and this is the one that hits close to heart.
2:51
So there's still a bunch of scammers out there guys.
2:53
Be aware and will cover it completely in the culture today
2:57
not only are the scammers running exchanges but the
3:00
scammers are running telegram groups and, you know,
3:03
impersonating people. So I'll tell you my little back
3:06
story and we'll go into what happened over the weekend and
3:09
how to protect yourself. How are ya?
3:11
Alright everybody, let's start the show.
3:14
We have a lot to cover. I'm really pumped.
3:18
The Bitcoin numbers brought to you by novel.
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Visit not L.E you today, All right, everybody at the time of
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recording the Bitcoin price is 16,000 602.
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SATs per dollar 6023 block height, 760 8104, reachable
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Bitcoin nodes, 14850 two blocks of The Happening 70 1896 having
4:01
estimate April 25th 2024. Total lightning network
4:04
capacity. 5143, Bitcoin capacity value. 85 million u.s. dollars
4:11
realized monetary inflation Bitcoin.
4:14
Use to take government currency State currencies to Absolute
4:18
School. Bitcoin has the best incentives,
4:22
1.7 6% in the market capitalization of Bitcoin, is
4:26
that 319 billion dollars in the grand scheme of things.
4:30
Bitcoin is still a baby anyways. Anyways so I want to put you
4:35
guys this clip of Cynthia lummis.
4:38
Basically hitting back hitting back saying listen, listen to
4:41
FTX debacle, had nothing to do with Bitcoin.
4:44
Guys are using that as an excuse to justify this tyrannical.
4:49
Legislation that there that Elizabeth, Warren and Senator
4:52
Marshall are trying to push through.
4:54
So, I'm glad we had the Bitcoin Senator on our side, fighting
4:58
the good fight. I want to say one last thing
5:00
about this regulation that they introduced, this regulation
5:03
would have not stopped and it would have not protected
5:09
investors in the FTX debacle. They're using this as a
5:13
justification to go after Bitcoin because Bitcoin ends the
5:18
party. If people have an alternative to
5:21
State money and that alternative provides better incentives.
5:25
People are naturally going to opt out and if people naturally
5:29
opt-out it ends the Racket. And what is the racket?
5:33
The racket is that the government the Tate has this
5:37
privilege of being able to create money for free that
5:40
everybody else has to work for and people.
5:46
Thanks for the Super Chat. I have to.
5:48
I'm sorry guys. This is part of the rules.
5:51
Vic says Super Chat, five dollars just found out my wife,
5:54
slept with Nico and Opti I'm devastated, but not going to
5:57
lie. I still watch simply because
6:21
we were asked to enable the YouTube super chats and we said
6:26
that every time someone gave us a Super Chat, we would stop what
6:29
we're doing and we would read the chat and I'm starting to
6:33
believe that might have not been a bad idea, a great idea, but
6:37
goddamn it vague. I was on a roll bro.
6:40
Okay. No, you ruined it, okay, time to
6:43
play the video and then we'll talk about it.
6:45
God damn it Vic. We're conflating topics today.
6:52
Digital assets are not on trial fraud, and organizations are on
6:59
trial. So, let's separate digital
7:04
assets from corrupt organizations.
7:09
Ft x as I've been saying for the last few weeks is good.
7:13
Old-fashioned fraud and what they did is separate from
7:17
digital assets. Now, we've all heard that FTX
7:21
lent, its Executives hundreds of millions of dollars in
7:25
commingled customer funds, for personal use and customers who
7:29
tried to wire money to FTX where instead given Alameda is routing
7:35
number. That is fraud, that's fraud
7:38
whether it's conducted in u.s. dollars or Euros or digital
7:45
assets that is fraud. Yeah.
7:48
And the Bitcoin, Senator Cynthia lummis, and you know what, you
7:52
know what, though she is a Bitcoin.
7:55
She said digital assets That does not leave a good taste in
8:00
my mouth so hey, you know, I guess Beggars.
8:05
Can't be choosers. It's something I think she is
8:08
fighting back. She's calling it for what it is.
8:12
And look what FTX did is exactly what the bankers in 2008.
8:16
Did it's exactly what Stanford did is exactly what Bernie
8:19
Madoff did. What does it have to do with
8:21
Bitcoin? It doesn't have to do with
8:23
Bitcoin. Like but holy cow.
8:25
Does it create a great excuse me?
8:27
Remember guys, don't be distracted.
8:30
They use the same excuse to go after the open source developer
8:36
of tornado cash, right? Which led inevitably to because
8:40
etherium is centralized it led to 60 to 70% of the etherium
8:44
validators today. Are actively censoring for the
8:48
office of foreign assets control, part of the US
8:50
Treasury, right? And what was the justification
8:53
that justification was that 10%? Of the tornado.
8:57
Cash software was being used supposedly to launder money for
9:04
the North Koreans right? So, Don't get distracted by the
9:10
strawman governments have a tendency of doing that.
9:13
Remember in The Help, The Help Americans act?
9:18
I'm I don't know. The, I don't know exactly what
9:22
the axe name was perhaps. Someone could help me in the
9:25
chat. They use that act, right?
9:27
Look at the wording of the ACT. They use that act to basically
9:32
install a rule where now you have to report $600.
9:37
Out of every transaction. If it's over $600, it has to be
9:41
reported to the IRS and then in the Patriot Act Right?
9:45
Literally called the Patriot Act, it took away a tremendous
9:49
amount of privacy and freedoms from Americans of which we never
9:53
got back and the Act was called the Patriot Act in the inflation
9:57
reduction act, right? What did they do?
10:01
They spent more money. More deficit spending which
10:03
fuels inflation, right? So don't get distracted.
10:07
It by the straw man and Elizabeth Warren is an
10:11
opportunist opportunities and she used what happened with FTX
10:16
to go after Bitcoin, not to protect investors.
10:21
Not to protect the little guy. That's the excuse.
10:24
That's the justification. It was because Bitcoin is a
10:28
threat to their Racket. And the racket is they have the
10:33
privilege to be able to create money for free that a Citizens
10:37
us. Peasants have to work for right
10:40
and Bitcoin provides a strong alternative to that, which has
10:44
much better incentives. And they know that if it was a
10:48
Fair competition, they know that it was a Fair competition
10:52
Bitcoin would annihilate the competition.
10:56
That's why they can make it fair.
10:58
That's why they're using the government's Monopoly on
11:01
violence. And the government's ability to
11:05
coerce in an attempt to at least slow down the adoption.
11:12
And that's exactly what it was. But thank God.
11:15
We have people on our side of the aisle that are fighting the
11:18
good fight and calling out Elizabeth Warren for the fraud
11:23
that she is for the lies and the Miss representations.
11:27
And that's exactly what the Bitcoin Senator did last week's
11:32
hearings. So don't have any Heroes and
11:34
Bitcoin completely agree to that, but shout out to Cynthia,
11:38
lummis, she did her job there. Anyways.
11:40
Opti, what are your thoughts? Well just to Echo, kind of what
11:44
you said. We've said it on the show a lot
11:46
that the FTX debacle and the similar things that we've seen
11:51
all year are going to be used as low-hanging fruit.
11:53
We I mean, I've joke in the past that we don't even have to read
11:57
or even listen to most of the Fudd and the skepticism and
12:02
criticism against Bitcoin, because they are usually using
12:05
the same as I like to call it low hanging fruit excuses, that
12:08
we're all criminals, that we're fostering money launderers, and
12:12
Terrorists and the like and you know I really do enjoy lummis
12:17
making a distinction between Bitcoin and shit coin because
12:20
there is a difference and I like how she put it.
12:22
You know, ft x is good old-fashioned fraud by
12:24
commingling their funds. Like you can't get much clearer
12:27
than this but this is something that we've touched on last week
12:30
when you know, I know opt he's using big words but when we
12:34
discussed the hegelian dialectic create a problem so you can
12:37
offer the solution and it's becoming clear to me that this
12:41
is exactly Politicians and Central bankers and you know the
12:45
people making cover over at Legacy Media are doing they at
12:48
one point made SBF be, the Wonder kid of something.
12:52
Someone doing something important in the quote unquote
12:54
crypto space And now since they got caught since it blew up in
12:58
their face. So so eloquently, they are now
13:01
using it as an excuse to try to regulate Bitcoin, to try to
13:05
regulate the whole Space. Because as we continuously tell
13:08
you guys on the show, they're afraid of Bitcoin because they
13:11
understand exactly. Exactly what Bitcoin will do to
13:14
them and to the Fiat standard that we live under.
13:17
I mean, remember what Christine Lagarde said in the past and we
13:20
continuously use that quote, if there's an exit route, people
13:24
will use it. So these people aren't dumb, you
13:27
know, we can say all you want about Elizabeth Warren, making
13:30
her noise and making her rounds and other politicians making the
13:33
round. But I'm fully convinced that
13:35
they are not in the need of Education, they are fearful and
13:40
this is why they try to Out and paint Bitcoin in such a way so
13:44
that they can win the hearts and minds of the masses out there
13:48
and confuse them again. They know that the majority of
13:51
people don't understand Bitcoin and so if they can get him in
13:54
front of it, with these clickbait headlines, then they
13:57
can try to control the narrative again, they have the Monopoly on
14:01
truth and so all they can do right now is try to paint
14:05
Bitcoin in such a way so that they scare people away from
14:07
Bitcoin and I'm just like Mica said, I'm glad that there's
14:11
people out there. That understand Bitcoin as we
14:14
understand, I mean, to what extent, you know, she did use
14:17
the digital asset framework or the meme, but I think that in
14:23
time we will get more people understanding Bitcoin, like we
14:26
understand. And this is kind of something
14:29
that Nico and I have been pushing for a while.
14:32
You know, we are in the race to avoid the war and the more
14:35
people that understand Bitcoin, the more people that are holding
14:38
Bitcoin the easier it is for us to win and we will win.
14:42
And it's just a matter of time, and it's a matter of making it
14:45
through all these obstacles and, and land mines out there because
14:49
they do not want us to succeed. So, someone just said you give
14:53
them far too much credit. Yes.
14:55
I understand some of the politicians and Central Bankers,
14:57
do not understand Bitcoin, but I think as my favorite politician,
15:02
Brad, Sherman would say, I think he fully understands the client
15:06
and I think it is one of those moments of what's the mean like,
15:12
You can't, you can't expect someone whose job it is to not
15:15
understand something to understand it.
15:17
And I think some of the people out there that are a part of the
15:20
banking system fully understand Bitcoin and they're doing their
15:23
best to, you know, explain Bitcoin in such a way, so that
15:29
they Gaslight the masses out there, so that they do not find
15:32
that exit door just my two cents.
15:35
Absolutely. 100% a I see her, I see someone saying clickbait.
15:38
Nah man, we're going to talk about it during the new segment
15:40
we got you. This is the Numbers man, these
15:43
the numbers the number segment, we usually react to videos if
15:46
you're new to the channel, that's how it works, right?
15:48
Speaking of videos, I have a video for you guys.
15:51
Anyways, let's get to the news as check it out.
15:56
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Want to be transparent, we want to set the golden standard for
16:34
reliability solidness in the space, right?
16:37
Would you be able to handle it? If somebody asks you for two
16:39
point 1 billion dollars back. Would that be okay?
16:42
Would you be able to still withstand things?
16:45
We're financially okay, including, why can't he just say
16:51
yes? Why can he say yes, what is
16:54
going on with Finance? Of course guys, you guys know,
16:58
we are a Bitcoin Maxi show so what we 84 is don't shit coin.
17:03
It's bad for you. Shout out, Jacob.
17:05
We advertise. Do we advertise now?
17:08
We advocate for dollar cost, averaging staying humble, stack,
17:12
and SATs, and if you've been doing that, none of this will
17:16
have affected you. But I think it really
17:18
highlights, you know the shit going Nuri coming from these
17:21
shit coin exchange. I think that interview that that
17:24
CZ did on on mainstream media where they asked him a very
17:28
direct question. Hey, if you know, It could, you
17:32
could you honor, the could you honor these withdrawal?
17:34
He's straight up. Just like like, yeah, we gotta
17:37
figure it out which I thought was very interesting anyway.
17:40
So let's get through some of the receipts.
17:42
Shall we buy Nancy's, the largest outflow of stable coins
17:46
in 24 hours while by Nance has recently gone through an
17:49
outpouring of stable coins and Ensign estimate, it still holds
17:53
about 30 billion dollars worth of stable coin.
17:55
So we're seeing record amount of outflows, people are spooked the
17:59
see, the rumors also, This is the memo that the by Nancy.
18:04
Oh, sent to the staffers. Let's check out some of his
18:07
wording, shall? We, it's not that long, but I
18:10
think it's important to to check out.
18:12
So he sent this all to his staff, you may have seen some of
18:15
the latest news regarding Finance, The Fallout from the
18:17
FTX implosion has brought has brought with it a lot of extra
18:21
scrutiny and tough questions. The good news is that even
18:24
though the news stories, don't always reflect it, we can
18:27
answer. The tough questions, throw
18:29
thrown out our business, okay? I want you to keep that in mind.
18:34
We want to be transparent, we want to set the golden standard
18:37
for reliability solidness in the space, right?
18:40
Would you be able to handle it? If somebody asks you for two
18:42
point 1 billion dollars back. Would that be okay?
18:44
Would you be able to still withstand things?
18:47
We're financially? Okay.
18:49
Yeah, that doesn't sound like a good response.
18:52
I'll read it again. The good news is that even
18:54
though the new stories don't always reflect it.
18:56
We can answer the tough tough question, thrown out of
18:58
business. Oh man, I disagree.
19:01
For example, I mean, it's not even that disagree, you Hurt
19:04
himself. You guys heard from the man
19:06
himself for example. Despite today's news regarding
19:09
withdraws, we are in a strong financial position.
19:12
We often process more than 1 billion in deposits or
19:15
withdrawals on a daily basis. Nothing unusual today, use your
19:18
assets and finance are all backed 121 and finances.
19:21
Capital structure is debt-free. We maintain hot wallet.
19:24
Balances to ensure that we always have more than enough
19:27
funds to fulfill withdrawal request and we top a pot wallet
19:30
balances accordingly with regard to contemporary halt.
19:34
Out of which draws of USD, see because we Auto convert US DC to
19:38
be USD in order to retain large liquidity, larger liquidity
19:41
pools, we generally regain USD, see deposits, or future
19:45
withdrawals. In today's case, many people
19:47
deposited be USD or USD T to withdraw us.
19:51
DC when this happens, we need to convert our current conversion
19:54
channels are clinically. We have to go through a bank and
19:57
New York and USD which is slow. We won't prove this going
20:00
forward, all that going on. We know that we are.
20:04
Doric moment in crypto, rest assured, this organization was
20:07
built to last as long as we continue to offer users.
20:10
The best product user experience and frictionless, trading
20:12
environment, Financial survive, any crypto winter, while we
20:16
expect the never over the next six months.
20:18
The next several months to be bumpy, we will get past this
20:21
challenging period and will be stronger for having been through
20:24
it. As always, I'm grateful to each
20:26
one. Each of you for your incredible
20:28
dedication and hard work and I'm proud of the incredible business
20:31
we've built together. Okay, so we kind of know already
20:36
in the beginning, kind of bullshit.
20:37
We played you guys the clip, literally to make the case for
20:40
that. Now, Cory Clips in, shout out,
20:42
shout out to him CEO of swan. Bitcoin Finance, u.s. does not
20:47
have your money. It turns out it probably exists
20:50
but it's held by by Nance International which is of course
20:53
an illegal run around of u.s. regulations.
20:56
Walls closing in on cz's, on Cece's Casino boy, great
21:01
reporting by Reuters. Now let's check out the article
21:03
that Corey was Referring to. Felt is by Nance dot u.
21:07
S-- a fake exchange billions and customer funds transfer digit
21:11
directly from Finance, u.s. to Offshore Finance exchange.
21:15
Is this just a ploy to trick Regulators in the final days of
21:19
the FTX collapse on Lookers, wondered about the solvency of
21:22
FTX US based exchange. FTX u.s.
21:25
FTX us was on stairs stairs ostensibly held at arm's length
21:31
from the parent exchange. FTX leadership insisted that
21:34
customers. Of the FTX u.s. division would
21:37
be safe, even if the parent company went under, however,
21:40
when the end came for FTX u.s. met the same fate freezing
21:44
customer withdraws and entering chapter 11 with the rest of the
21:48
FTX Almeida Network, despite despite being u.s. regulated and
21:52
theoretically, walled off from ft x ft x us was in really
21:57
little more than an extension of its offshore owner.
22:01
One might think that perhaps FTX us was really just a ploy to
22:04
trick. Us Regulators into focusing on
22:07
the smaller American company instead of turning attention to
22:10
the incoming Financial hurricane in the Bahamas.
22:13
It turns out that FTX was not the only offshore exchange to
22:17
create a US base in the regulated entity by Nance.
22:20
The world's largest exchange created by Nance dot u.s. in
22:23
early 2019 in response to regulatory pressure Finance.
22:27
Dot, U, s-- is described as a separate entity from finance
22:30
that was merely licensing. The name and certain features
22:33
from the main company Finance. . US based in Palo Alto is license
22:37
as a money service business in the United States note that it
22:41
is not difficult to obtain these licenses.
22:43
As we have previously shown in our expose of a network of fake
22:46
crypto exchanges based in Colorado.
22:49
However, shortly after the creation of binary and start
22:52
u.s. Forbes Magazine publisher report
22:54
claiming that they had received a leaked document where referred
22:57
to as the Tai Chi document. According to the document, the
23:01
by Nance u.s. exchange was a ploy to trick us regulators.
23:05
A focusing on the compliant local exchange while the parent
23:08
exchange went free to do its own business finance responded by
23:12
suing Forbes for defamation only to drop the lawsuit.
23:15
A few months later in February of this year by Nance tried a
23:19
different trick. They invested two hundred
23:21
million dollars in Forbes parent company if you can't beat them
23:26
by them. And remember, guys, the block
23:29
publication was also bought and paid for which was leaked, it
23:33
was bought and paid for By, who ft x.
23:36
So it looks like this is a common practice, right?
23:39
You can't sue them into shutting up, let's buy them.
23:43
And then, you know, the the they're not incentivized to
23:47
speaking truth and like something something really
23:50
interesting. Right?
23:51
Like again, I'm gonna play I'm gonna play you this clip once
23:56
again. Want to be transparent.
24:01
We want to set the golden standard for reliability
24:03
solidness in the Spectrum. Would you be able to handle it?
24:06
If somebody asks you for two point 1 billion dollars back.
24:09
Would that be okay? Would you be able to still with
24:11
standard things? We're financially?
24:13
Okay, so didn't answer the question.
24:16
He said that they want to be the golden standard, right?
24:19
They want you know, they want to be the standard for
24:22
transparency. But then they're also suing
24:25
Publications that are doing reporting on them expose is on
24:31
them, so I don't know, guys, you tell me, it sounds sounds
24:36
interesting. However, this reporting by
24:39
Forbes was corroborated by much. By much more detailed report by
24:44
Reuters in October 20, 22 with more sources and documents at
24:48
their disposal, Reuters found essentially what the Forbes
24:51
piece 3 years earlier suggested by now.
24:53
Ants us was designed to trick regulators and US customers.
24:57
It shows that in 28 hours. Also also known as CZ approved a
25:01
plan by loot, by lieutenants to insulate, by Nance from
25:04
scrutiny, by u.s. regular authorities by setting up a new
25:07
American Exchange. The new exchange would draw
25:10
Regulators attention away from the main platform by serving as
25:13
a regulatory inquiry Clearinghouse.
25:16
According to the proposal Executives went on to set the
25:19
plan in motion company messages show in public Zhou said, The
25:23
new u.s. exchange called by Nance dot U.
25:26
S-- was a fully independent entity in realities out
25:29
controlled by Nance dot U. S-- directing its management
25:32
from abroad according to regulatory Finance filings from
25:35
2020, a company messages and interviews with former team
25:39
members and advisor in a message to finance.
25:41
Executive described The u.s. Exchange as a de facto
25:45
substitute a subsidiary. So I mean I don't know, like How
25:57
much we have to prove to you guys how much we have to tell
26:01
you guys, not your keys, not your Bitcoin.
26:07
And another thing which is really interesting is that why
26:11
is it that the shit coin exchanges?
26:15
The, the fat not all of them, of course, but the two main ones,
26:19
whether it's FTX, whether it's easy, it's all lies and
26:23
misrepresentations man, CZ could not answer.
26:26
A very basic question and he and it's all marketing like we want
26:30
to be the most transparent exchange when they asked him.
26:32
Like, could you honor that withdraw?
26:35
Yeah, maybe. And then also, if you want to be
26:38
the most transparent, you're kind of doing this stuff behind
26:42
everybody's back so like I just It's not surprising to me, but I
26:52
think the overall message of this is again is is the the
26:56
gambling for the shit coins, right?
27:00
Then it is gambling which means that, you know, sometimes you're
27:03
going to flip a coin and you're going to get that side, right?
27:05
But Opti and I and most bitcoiners that could tell you
27:09
you shit coin and 99% of the time you will end up with less
27:14
Bitcoin than you had before. So is it worth it?
27:18
Is it Worth having that exposure and remember how they phrased it
27:23
in that article. Finance dot us was to give the
27:27
appearance, not only to Regulators but also American
27:30
citizens, that hey, you're safe here, you're protected by u.s.
27:35
regulations but what FDX showed is that even though it was
27:40
technically a separate company and in the beginning they said
27:43
that says SPF said that F DX dot U s-- was had Money.
27:49
Right? It all ended up to be a lie.
27:52
So by Nance dot us has no Bitcoin.
27:56
As soon as it's deposited to buy Nance dot u s.
27:59
It sent to buy Nance International where it's
28:02
completely out of the hands or out of the touch of us
28:06
regulators. And mind you, I'm not a fan of
28:09
bigger government. I'm not a not, if I'm a bit
28:11
corner, I'm not a fan of bigger government.
28:13
I'm not a fan of bigger bureaucracy.
28:16
I'm trying to make the case for you guys.
28:20
To stay away from shit coins because they're bad for you.
28:23
Stay humble Stacks at buy Bitcoin.
28:28
Earn Bitcoin mine Bitcoin. Take that Bitcoin into self
28:32
custody because you have no idea what they're doing behind the
28:37
curtain. You have no idea the facade
28:41
Finance dot. U s-- are you really you really
28:44
putting your faith? In those in the swamp of
28:49
Washington DC to protect you via regulations because those
28:54
regulations didn't help. But shit in 2008 US Millennials,
28:58
bro, we got fucked to be honest, we got fucked, they protect us
29:03
then only one Banker went to jail and you're still wanting to
29:08
put your trust in these people. Don't trust their fi.
29:15
Take Bitcoin into self custody, learn how to run your own node.
29:19
If you don't know if you don't want to build one you could buy
29:21
one not our sponsor freaking make great nodes buy Bitcoin
29:27
earn Bitcoin mine Bitcoin. Take that Bitcoin into self
29:29
custody forget about it, literally right down the seed
29:33
phrase and you could be watching while this whole thing implodes.
29:37
Maybe by Nance implodes, I have no idea.
29:39
Maybe it explodes. No idea.
29:41
But as a bit corner you will be watching from the sidelines with
29:45
your popcorn saying, huh, I can get cheaper Bitcoin now because
29:50
of this disaster that they caused and in everybody's going
29:53
to be freaking out like, bro, I left my left, my, my Bitcoin on
29:57
the exchange because I was trying to trade and I was trying
30:00
to increase my position. There is this fund by Travis
30:04
cling super reputable, it's called akagi Completely went
30:09
over under. Why?
30:11
Because he kept the majority of the assets that belong to the
30:16
fund on FTX and remember FTX had all the bells and whistles they
30:22
had Tom Brady that had mr. Wonderful you know who by Nance
30:25
just signed as a spokespeople Cristiano Ronaldo and Lionel
30:30
Messi Sounds very similar, doesn't it right?
30:34
So don't trust verify Finance dot.
30:37
U.s. does not have your Bitcoin. It's with the international
30:41
organization because it's out of the hands of The Regulators.
30:45
You saw it in the leaked documents yourself.
30:47
You saw how by Nance? First tried to sue for
30:50
defamation, when that didn't work, they try to by Forbes
30:55
themselves so that they wouldn't say anything.
30:58
Like the writing is on the wall and then this sack Of shit goes
31:02
on TV and tells you this. I'm going to play it one more
31:05
time, that's right. Want to be transparent, we want
31:09
to set the golden standard for reliability solidness in the
31:13
space, right? Would you be able to handle it?
31:15
If somebody asks you for two point 1 billion dollars back,
31:17
would that be okay? Would you be able to still
31:19
withstand two things we're financially?
31:22
Okay, including you have two point 1 billion dollars to give
31:25
away if somebody came to reclaim to Cloud that back you'd still
31:28
be fine. Whatever, lawyers handling are
31:31
fine. We are financially strong.
31:33
Well, let the lawyers handle it. So look I'll let you guys be the
31:43
judge. I made my case Opti.
31:45
What do you think? Well, excuse me.
31:50
I think the the meme in mind. Nothing is more official than
31:54
the official denial come to top of mine and just, you know, Just
32:02
seeing everything that sees he's doing obviously, we don't have
32:09
the full inside of what is actually going on with the
32:11
company, but just by the things he's saying and seemingly doing
32:16
it almost verbatim and identical to what happened when the FTX
32:21
explosion happened and I've said it before on the show, it's very
32:24
interesting that bindings knew exactly which strings to pull in
32:27
the FTX collapse. It's almost like they have
32:29
intimate, knowledge of the workings.
32:32
The company because they're probably doing it themselves.
32:34
So, funds not saw Foo. And again, guys, this is just
32:37
this just further to the idea that we tell you guys all the
32:41
time exchanges are not wallets. Do not keep Bitcoin on these
32:44
exchanges, especially shit coin casinos.
32:46
Because we understand how these companies make their money.
32:50
It is either by trading fees or, by rehypothecation your Bitcoin.
32:54
So if you want to take that chance yourself, you know, if
32:59
you want to risk your Bitcoin, then by all Means you know don't
33:03
take this PSA from Simply Bitcoin and trust that your
33:07
funds are self. Ooh.
33:09
But as we've seen historically in Bitcoin as more exchanges
33:14
blowing up continuously happening every couple of years
33:18
your best bet is just take Bitcoin into self custody you
33:20
don't know which company is trading paper.
33:23
Bitcoin in, which coin companies actually holding their coin one
33:27
to one, but if you have to trust versus verifying, then you are
33:32
Holy missing the plot. You want to take this Bitcoin
33:35
into self custody because that's the only way, you know you
33:38
actually own Bitcoin. So you know whether by Nance
33:42
actually has those assets. One, the one I wouldn't take
33:45
that risk myself and people are saying in the chat that that we
33:50
are misrepresenting. What's easy is saying, because
33:52
he was asked being asked, whether he would be giving back,
33:56
FTX is money to the customers that they came to them guys, we
34:00
fully understand this but this Still further to our point that
34:04
you shouldn't keep any Bitcoin on these exchanges.
34:06
I wouldn't be trusting by Nance they are one of the biggest shit
34:11
coin casinos out there so like you know if they are doing what
34:16
what they say they are in your taking them by your word.
34:18
Again you're trusting someone and this is the whole point of
34:21
Bitcoin do not trust these middlemen exchanges because you
34:24
don't have to opt out of this madness.
34:26
Take your Bitcoin into self custody, do it.
34:28
Now, before there is an actual bankrupt Bank Run on by now,
34:32
That's because you never know what is going to happen?
34:34
What do you mean? What do you mean?
34:35
Look, someone said double standard, double standard here
34:37
by Nancy is a private company. No one probed ft x or Sam for
34:41
their finances but a Chinese man comes in TV and you all want to
34:45
create a few crucify him. What does that have to do with
34:47
anything? What does it matter where?
34:49
He's from dude? What matters is like literally
34:52
we literally laid out the case for you.
34:56
Like the reality is guys if you have your money on by Nance
35:01
whether it's whether It's easy, whether it's SPF it is not your
35:05
money, it's their money and you're trusting them to give it
35:10
back back to you and what we're making the case for today,
35:14
right? Is not your keys, not your
35:17
Bitcoin, you don't have to trust someone else anymore, whether
35:21
that is whether that is CZ, whether that is by Nance,
35:25
whether that is FTX, whether that's a bank, Does it matter?
35:30
Look at the cases? Look, you want to put the whole,
35:32
you know, crypto shit coin industry aside.
35:35
Look at what just happened in Lebanon. people were literally
35:39
trying to get out their life savings, out of the bank's, they
35:43
shut them down saying no, we can't give that to you and the
35:47
lesson Remains the Same If it's not your keys, it's not yours.
35:53
You're trusting somebody else. Today, we made the case that
35:58
some very sketchy shit happened, and if you make the connections,
36:02
SBF did the same thing when he tried to buy the block to shut
36:07
up CZ. According to the report by very
36:11
reputable sources, Forbes and Reuters offered two hundred
36:17
million dollars to buy the parent company of Forbes.
36:21
Why wouldn't you do that? But to shut them up.
36:24
And on the video clip that we played for you guys, CZ
36:28
literally said, we want to be the gold standard of
36:30
transparency. Do you think that's the gold
36:33
standard of transparency when they're trying to buy out the
36:37
media sources to shut them up? Because the definitely the
36:41
defamation lawsuits didn't work. You can try me on the chat but
36:46
we're very firm in what we believe, not your keys, not your
36:50
Bitcoin and look. And if you are, you know,
36:54
gambling and whatever, and it's your money, you could do what
36:57
you want with it. What we're what we're trying to
37:00
do is we're making the case if it's not your keys, it's not
37:05
your Bitcoin. This not only applies to crypto
37:08
exchanges, this applies to Banks as well.
37:12
When you have the ology to store 12, distort millions, billions
37:17
theoretically trillions of dollars by writing down a 12
37:20
word seed phrase. Why the fuck would you not do
37:23
that? Why because you have short
37:26
taught you have short-term time preference you're thinking in
37:30
the short term think long term think about your family.
37:34
There's 21 million Bitcoins divided by Infinity the very
37:39
simple math problem. But of course, you know, you
37:43
could you can chase the short-term gains and get wrecked
37:47
in the process. But yeah, you can continue using
37:51
the distractions in the straw man and it's like, oh, it's
37:53
because this is because it's like no has nothing to do with
37:55
that. But hey, look, we say this all
38:00
the time, sometimes people just have to burn their finger on the
38:03
stove. They have to pay their price of
38:05
tuition. And that's the only way they
38:08
learn. Unfortunately, some people don't
38:12
want to do that. That's why exactly, when
38:15
bitcoiners Quarry clips. And also he was shouting it from
38:18
the rooftop that Celsius was a Scamp and he was getting the
38:21
same same shit that you're telling me right now.
38:23
Same shit. Oh no, what are you talking
38:26
about? Whatever and then it blew up and
38:29
then people lost their life savings.
38:32
You're talking about mothers grandmothers people that have
38:35
worked their entire life. I saved up.
38:39
To chase this six percent yield and they erect in the process,
38:43
bro. How dare you?
38:45
I'm literally tell I'm saying, take self custody because if
38:49
not, it's not yours. What in that isn't true?
38:55
Please let me know. Anyways Opti, let's get to,
38:59
let's get to the culture. Let's do it.
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40:02
All right guys. Is we got this message and I
40:05
believe it was are simply Bitcoin telegram group.
40:08
And personally, man, this one hits close to home because I
40:13
remember experiencing this the same experience when I was green
40:18
and I was a noob and I was out here learning and you know when
40:22
you come into the Bitcoin space, there's one thing that you need
40:24
to learn and I think I still yet to cover it on the show.
40:27
Everyone is a scammer and everyone wants your Bitcoin so
40:31
trust. No one heh heh.
40:32
It's why we go so hard every single day.
40:35
Do not trust anyone with your Bitcoin.
40:37
Take back your, your personal responsibility on your money.
40:41
Take your Bitcoin into self custody, but this is a totally
40:44
different story. And I'm going to cover the,
40:46
what, what I have on the screen for you guys.
40:48
A little story time and then I'll go into my own little story
40:50
time and just talk about how I know this problem personally,
40:56
firsthand. So we got zombie node again.
40:59
I believe this was in are simply Bitcoin telegram group, go check
41:01
it out, a bunch of cool bits. Winners in there and he goes the
41:05
problem I had was not having a Bitcoin log file and not getting
41:08
electrum rust to sing. I asked for help with this.
41:11
In a couple different groups, including this one.
41:13
I took it upon myself to try to fix but did not look very hard
41:16
for documentation. I tried changing the Bitcoin
41:19
core 22.0 after doing this. It looked like closing.
41:23
My lightning channels was not confirming on chain I then was
41:26
panicking and asked the group for help again which is when the
41:29
scammers started contacting me, the one I chose to work with had
41:32
a Profile name of open Noms. I was told I have to send
41:35
Bitcoin on chain to them so they can synchronize the versions of
41:38
Bitcoin core on my Note, and actually allow my transactions
41:41
to confirm on chain this seem to actually work as I saw my
41:44
transaction from my node confirmed but then they came
41:47
kept asking for more funds to finalize to sing.
41:49
And yes, I sent more funds on chain multiple times.
41:52
I was having a hard time finding documentation on changing
41:55
Bitcoin core and I was worrying about my channels peers and
41:58
causing errors on the Chain this combined with a believable
42:02
enough. To me, impersonation of a
42:04
respected and trusted person responding to my pleas for help
42:07
is what did me in as open. Don's has said, it's not
42:10
uncommon, I just happened to fall harder for it than most
42:13
would, I guess? There were several mistakes I
42:16
made here and find if you want to single me out, personally.
42:18
I put this here just for anyone to see in case it might help
42:21
someone. So what happened here guys is
42:25
someone got scammed in a telegram group.
42:29
So if you are unfamiliar with telegram groups, when you go and
42:33
ask for help, sometimes you will get responses personal responses
42:37
from people, impersonating, well respected figures in the space
42:41
and they will send you a DM and they will act like they are
42:44
helping you they will they will you know, do their best to walk
42:48
you quote unquote walk you through the issues and seemingly
42:51
help you get your Bitcoin back but usually this is a red flag
42:56
if you are in a public telegram group and you ask for help and
43:02
then when someone responds to you in a personal DM, consider
43:06
this a red flag from a scammer. And what happened here is
43:11
someone in personated a well-known Bitcoin.
43:13
ER, someone was asking for help. They got a personal DM and on
43:17
Telegram and the guy seemingly helped him walk through the
43:20
problem. It seemed to work but it looks
43:23
like he got scammed out of some Bitcoin.
43:25
Probably more than he would like to.
43:27
So while this is a learning moment and and thank you for
43:32
Further comment, zombie note and Darth Cohen for pointing this
43:35
out to us. I can personally, I feel this
43:38
guy's pain because in my early days in my new days in 2018, I
43:43
as well got scammed by someone fishing as someone else and when
43:47
you're new, you know, you're not used to the idea that everyone's
43:51
a scammer and everyone wants your Bitcoin and that they are
43:55
doing all kinds of social engineering, acts to get you to
43:58
send them Bitcoin, to get them to send you, your personal
44:01
private keys. He's and so again we'd say this
44:05
all the time, if you do not want your Bitcoin scan from you, do
44:08
not send Bitcoin to anyone. Most bitcoiners that I know will
44:12
always do a PSA out there saying if I asked you for Bitcoin, it
44:18
is not me and it's a scammer and this is a very good heuristic
44:22
that you should live your life by because everyone wants your
44:25
Bitcoin and so people will socially engineer.
44:27
You they will pretend like they are someone else that someone
44:31
that you may know someone that maybe Affected and they will D
44:34
mu and try to walk you through the troubleshooting, only to try
44:38
to get you to send them your private Keys.
44:41
Want our first and foremost, never put your private keys in a
44:45
telegram group as someone. This is not a way to help you,
44:48
but if people ask for your Bitcoin, then you can be pretty
44:50
sure that they are trying to scam you.
44:52
So the moral of the story here guys, and I've experienced this
44:56
myself, I sent way more Bitcoin than I should have to someone
45:00
pretending that they were someone that I knew.
45:02
New and I got wrecked. And of course human psychology
45:04
is very interesting. You know, you got to put your
45:08
hand on the stove sometimes for you to learn lessons and while
45:11
this is very unfortunate is going to continue to happen.
45:14
So this is why I figured it was a good idea to bring this on.
45:17
If you are learning about Bitcoin if you're on telegram
45:19
groups do not. Let this terrify you away from
45:21
being coming a bit corner but just know, everyone's a scammer.
45:25
Everyone's trying to get your Bitcoin, they will try to
45:27
socially engineer you so that you send them Bitcoin.
45:29
So you send them your private keys and they Just want to take
45:33
your Bitcoin. So this is a Learning lesson.
45:36
Shout out to you zombie node. I feel your pain.
45:39
I know exactly what this feels like, and it's not a good
45:42
feeling. So my two recommendations here,
45:45
guys is, first and foremost, do not send anyone.
45:48
Bitcoin, if people ask for your Bitcoin, on Twitter, on
45:51
telegram, on an email, in a text message, just write it off as
45:55
them being a scammer. Second, I know right now is one
45:59
of those moments where it sambi node and people like like this
46:02
might be you know they might be feeling the pain, you probably
46:05
given away a small small fortune to a scammer and you may be
46:11
turned off from Bitcoin in general.
46:13
But do not let this stop you from understanding what is going
46:17
on in Bitcoin, understanding how to take self custody,
46:20
understanding that there are socially or people, socially
46:23
engineering out there that people want your Bitcoin,
46:26
because we say it all the time. Everyone is a scammer.
46:29
Everyone wants your Bitcoin. That's how valuable Bitcoin is.
46:32
And we are So new to this whole experience that people don't
46:37
understand what the game is out there, there's bottom ticket.
46:43
Anyways guys, I feel your pain, zombie known.
46:48
I understand this exact feeling and the only defining trait
46:52
between me and you in the past or sorry, you and me in the past
46:56
is that I continue to double down on my education.
46:58
I continued to stay humble and stacks ads.
47:01
I understood that This is an inherent flaw with Bitcoin.
47:04
This is more a fact that people out there are trying to take
47:08
your Bitcoin from you. So again, if you ask for help in
47:13
a telegram group and it's a public telegram group with a lot
47:15
of people do not respond to the personal DMZ.
47:19
You're going to get because they are most likely going to be
47:21
scammers. Unless you verify, the person is
47:24
who he says he is and they will do all kinds of tricks to get
47:27
you to think that they're the person.
47:29
They are do not send Bitcoin to Them do not give them your
47:33
private keys because you will get wrecked and further more
47:36
like I said, a while ago, you know make sure you know what
47:39
you're downloading on your computer.
47:41
Make sure you are actually downloading what you say you are
47:45
because people want your Bitcoin and in my opinion this is just a
47:49
feature and Bitcoin is that valuable that people will want
47:53
to take your Bitcoin. So everyone out there just
47:57
remember Do not send your private keys to people.
48:01
Most bitcoiners will not ask for Bitcoin and if they do it's an
48:04
immediate red flag that they are scammers.
48:06
So zombie known. I hate to hear this story but
48:10
just understand. Continue your education continue
48:13
to Double Down. Continue to stack SATs and
48:15
everyone else man. If you get these DMS just be
48:19
very aware that everyone's a scammer and they all want your
48:22
Bitcoin. So just be on your toes guys.
48:25
Keep your head on a swivel because Bitcoin is that Valuable
48:29
and there is no returns. There is no rewind button
48:32
Bitcoin. So once it's gone, it is gone.
48:34
And these are the harsh lessons that people are going to learn
48:37
and will continue to learn. Just like we said in the news
48:39
you know people need to learn that.
48:41
It's not your keys, not your Bitcoin and don't leave Bighorn
48:43
on an exchange. Well the same lesson will be
48:46
learned that people want your Bitcoin.
48:49
Everyone is a scammer so just be aware out there because we are
48:52
still in the wild west of this Bitcoin experiment, this Bitcoin
48:56
monetary experiment and you just got Be aware guys.
48:59
You know, be safe out. There it is the holiday season
49:02
people aren't thinking clearly, so just take your Bitcoin into
49:06
self custody and do not send Bitcoin to strangers on the
49:09
internet. Unless, you know, it is someone
49:13
that is a reputable person. A company that, you know, you
49:17
can, you can go and talk to, you know, hopefully, we can help
49:21
people avoid this, but this is something that will continue to
49:25
happen. So, shout out to you, zombie
49:26
known for making it. No, because I I know it's not
49:29
easy to talk about this stuff because I went through the same
49:32
exact thing in 2018, and it almost broke me.
49:35
But the only thing that helped me through it was studying
49:38
Bitcoin and continuing to double down in my education.
49:41
Yeah, 100%. And, and I did, I think, I think
49:44
you hit the nail on the head and I've been a victim of this as
49:47
well, right? The people you have to
49:49
understand that the, this is like a pretty, like, not This
49:57
isn't a sophisticated like I would say this isn't a
50:00
sophisticated attack, but if you, you will be targeted at one
50:05
point with a sophisticated social attack where, perhaps,
50:10
they know, they know either your, your family members name
50:17
your name and they'll create an email with that family members
50:21
name and then they'll reach out to you right in the be like,
50:23
hey, you like this, in this in that.
50:25
So be aware. Of social attacks, social
50:29
attack. Most people think like, okay,
50:31
someone's going to show up to my house with a wrench and then
50:36
you'll be like, hey you know but the majority of Bitcoin that
50:40
stolen from that's get scammed by.
50:42
People is literally a social attack.
50:45
It's a phishing attempt, right? It's to make you to gain
50:48
confidence with you and to try to get a hold of of your
50:54
Bitcoin. And, you know, we have a very
50:56
famous saying Saying in the Bitcoin space which is
50:59
everyone's a scammer, right? Don't trust verify, you know,
51:03
don't don't have heroes in Bitcoin.
51:06
They tend to die metaphorically, of course, so.
51:09
So yeah, man, but I think Opti you, you covered that greatly
51:12
and I think that that these types of examples are, are hard
51:16
lessons that people should be aware of, you know, so that you
51:20
don't find yourself in that situation one day, you know I
51:25
really recommend multisig The multisig is great.
51:28
It's a little bit, is a little technical, there's awesome.
51:31
Bitcoin companies that make it easy like unchain, like cos I
51:34
mean, you can't say casa anymore because they added fucking
51:38
etherium. But but yeah, there is, I guess,
51:40
one Bitcoin company that does this like Unchained, they're
51:44
great. So, but yeah, man.
51:46
Just just be wary out there. Remember everyone wants your
51:51
Bitcoin do not give it to them. Hold on Nico.
51:53
Before we go on to the meme review, we have a comment here.
51:56
Someone said, hold on, I'm not entertain.
51:59
I am being preached to waste of my time and I responded, guys.
52:05
We fully understand that there's a lot of Bitcoin content out
52:08
there. You don't have to watch our
52:10
show, but we understand one thing.
52:11
We are getting new people every single day into the Bitcoin
52:14
space and we also want to reach them so we get them up to speed
52:18
so that they can become bitcoiners get into the Nuance.
52:21
So yes, we do kind of go over the Bitcoin fundamentals that
52:24
time but that's because you don't see what we see.
52:26
We're getting A lot of new people in here and they don't
52:29
know everything that you know. And so we're doing our best to
52:32
not only get the bitcoiners that are already bitcoiners but
52:35
convert people from normies to bitcoiners.
52:37
So yes, hey, if you don't like what we're doing, there's more
52:41
content out there. But we're doing a service for
52:45
everyone out there because we see differently on this side,
52:49
people are getting into the Bitcoin space and they are
52:52
learning as well. And we get these messages all
52:54
the time and so we're doing our best to get them.
52:56
Into Bitcoin. Yeah, 100% 100%.
53:00
Sorry I thought I heard my dog's.
53:01
I think it is my dog. My roommates dog over here.
53:05
Interview. The daily meme review brought to
53:11
you by Kaboom racks. I get this question all the
53:14
time. Nico.
53:14
Where should I buy Bitcoin miners.
53:16
The answer is Kaboom racks. It's the best place to buy
53:19
Bitcoin miners. That's where you're going to
53:21
find the best deals and the best prices start.
53:24
Your mining Utopia today to check out their racks.
53:27
You got to go to T dot me, slash Kaboom racks.
53:30
Join their telegram group and start your mining Journey today.
53:33
Kaboom racks. The berry Max.
53:37
All right, all right, I get this question all the time.
53:39
I really liked Niko, where can I buy Bitcoin miner, bro?
53:42
Literally Kaboom racks. It, literally, the telegram
53:45
group is down a link description.
53:47
It join it. And they'll literally, they're
53:49
posting deals. All the time you want to get
53:52
into mining. Now is the time now is the time
53:56
you don't want to get into mining when we are at a peak
54:01
Bull Run. You want to get some, we want to
54:03
get into mining right now. And Asics are at a major major,
54:09
major discount Ops you. What do you what is this?
54:35
You guys are on the front lines. You guys continue to spread that
54:38
truth, continue to spread the humor and and the really cool.
54:42
And here we have one you go, you may not like this, but this is
54:46
the good one and you can see it's what coins a la carte.
54:50
And he goes Sam Bateman fried still customer funds.
54:53
So we must ban Bitcoin and it's it's ahead shitting into a
54:59
toilet head. His other half of the head.
55:03
It's more of the comment over here.
55:04
This is back. To the idea that we continue to
55:06
cover on the show. This is no inherent fault of
55:09
Bitcoin. All the FTX collapse, all the
55:12
lending collapse. This is why we tell you every
55:14
single day take your Bitcoin into self custody Bitcoin is
55:17
running as it's been designed to for decade now plus and none of
55:23
this has any effect on bitcoin and continuing on that theme,
55:28
shouts out to at hottel. Never saw do and he goes, not
55:30
your keys, not your Bitcoin and we got this is a Dumb and Dumber
55:35
me. Formatting.
55:35
It goes FTX users with a bunch of paper in their hand.
55:38
He goes, what is this? Where's all the money?
55:40
And we got Jim Carrey as SPF and he goes, that's as good as
55:44
money. Sir, those are our use.
55:47
This is what we tell you guys. Make sure you're not holding
55:50
paper Bitcoin. Take your Bitcoin in the self
55:52
custody because this is why banks have been able to do what
55:56
they do forever because they are rehypothecation Ting your funds.
56:01
Take back your power with Bitcoin.
56:02
This next one shout out to our friend, gold leader and I didn't
56:05
know Nico is going to replay that CZ clip all day, but
56:09
anyways, I'm glad he did because we got gold leader and he goes
56:13
corporate needs you to find the difference between these two
56:16
pictures and we got Will Ferrell and Anchorman.
56:19
He goes, I don't believe you and then we got the lady rolling her
56:23
eyes in that cheesy clip. Someone said in the chat, we
56:27
need we need her as like an audio or visual clip on the show
56:31
Nika. So when there's another point of
56:33
contention, we just play her like me.
56:35
Mmm, doodling or I wish we were missing a lot of sound boards.
56:39
Like I want to, I want more Michael sailor.
56:41
I want more Cory. I want just like some sauce from
56:45
from some of the, some of the most awesome bitcoiners bro that
56:48
we could just fucking with you. All right, well I will upgrade
56:54
my sound board for you guys so that I can send multiple like
56:58
that. We got yellow, at least we got
57:03
yellow, you know, that? So let's go.
57:05
That's what we got. All right, this next one, shouts
57:08
out to Ryan Zach music and he got my first Bitcoin meme popped
57:11
into my head while driving and made me chuckle, we tell you
57:14
guys consistently, put your hat in the ring.
57:17
Continue to meme continue to make the Bitcoin content that
57:20
you want to see because there's not enough out there.
57:23
And this is just standard meme template with the super, the
57:27
superhero pushing buttons and on the Left, it goes slavery and on
57:31
the right. It goes, remember 12 words as
57:34
Nico says, all the time. It is Bitcoin are slavery.
57:37
And all you have to do is remember 12 to 24 words to opt
57:40
out of the Fiat panopticon that they want for you opt out of the
57:44
dystopia with your 12 and 24 word, AKA your private keys.
57:49
This next one shows that the Mitch clearly and I'm glad we
57:51
kind of talked about this on the numbers.
57:55
He goes there's Bitcoin and then there are digital Securities,
57:58
and it's just the picture of Tom Cruise laughing because there's
58:02
Bitcoin and their digital Securities.
58:04
And if you're not holding Bitcoin, then you're most likely
58:07
holding a digital security AKA, there's Bitcoin.
58:10
And this shit coins. This next one is by the Bitcoin
58:12
conference and he goes the dominoes are falling and I
58:15
really enjoyed this. This mean right here.
58:18
We got a little baby Bitcoin kid and he's just playing dominoes
58:22
and The Dominoes continuously get bigger until we get to the
58:26
big daddy king. The final boss, which is Fiat.
58:30
And the dollar, the dollar will be the last Fiat to fall, and
58:34
this is the game that we're playing and the powers that be
58:36
know this. This next one, shouts out to
58:39
away slice. This is a video for those on the
58:42
spaces because who captured this live footage of Bitcoin Twitter
58:47
and it's a tree that is on fire on the inside.
58:50
But the tree looks very normal and nothing's happening on the
58:53
outside. If you've been on bitcoin
58:55
Twitter longer than a few weeks, you probably feel the same way.
58:59
It is just a shit show and you know on fire half the time but
59:05
this is fine. This is all part of Bitcoin
59:07
Twitter and why we do what we do again.
59:10
Put your mean review score in the chat so that we can cover it
59:14
on the show live. Anyways, I got this setup cess
59:18
mentality by BTC pens, a play on Cards Against Humanity.
59:22
Shout out to you bro, my box is a little torn up.
59:25
It's been through some things because of traveling, but sat
59:29
Assessment ality card game. Absolutely love it.
59:33
Haven't fully played it yet, but we'll get on the drinking game
59:36
soon. Jump it nigga.
59:38
What you mean review, dude, Miami murder DUI.
59:41
I got an inspiration from you Opti.
59:44
I got inspiration from you. I think you'll be very proud of
59:46
me. Jug a jug?
59:51
I no longer this. This is I gotta get on opt, he's
59:56
game. Did you gotta stay hydrated,
59:58
bro? Look at this.
1:00:00
Look how much water have been drinking?
1:00:02
Wow. Very very hydrated.
1:00:04
When learning drinking your water.
1:00:06
Any more of those I've been trying.
1:00:08
I've been I've been learning I've been learning.
1:00:10
Oh wait wait wait wait. We got a Super Chat.
1:00:13
Pause the Lucas reminder to to all the super chats are open.
1:00:22
Thanks man, I really appreciate that.
1:00:24
Anyways guys, this is simply Bitcoin live drop your scores in
1:00:28
the live chat before we do that. I want to give a very special
1:00:31
shout-out to our awesome clothing.
1:00:32
Merch sponsor representing t-dot-com.
1:00:35
I'm wearing the simply Bitcoin merch exclusive merch.
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By the way, this sweater already sold out, you can't get it.
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Get it quick. Before it's sold out.
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you can take advantage of the promo code simply Dash Bitcoin.
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Anyways, let's get to some of the scores off to start pulling
1:01:07
them up. Tyler Durden swallowed, the red
1:01:09
pill, I give 500 kilowatt hours to your minor.
1:01:13
Very good score, very good score.
1:01:15
Next one, bye Bitcoin. For Canadians.
1:01:18
I give those memes easygoing. Belly Up in 2023.
1:01:23
Cheaper Bitcoin, 100%. Next 13 days, I give these memes
1:01:29
Christine lagarde's used diaper. Speaking of the Guard, shoutout
1:01:35
to Opti sponsor Optus toward a Time, brought to you, by
1:01:37
Neutrogena promo code Lagarde. That's a joke, pickling Becca.
1:01:43
I give the memes a quote, everything is fine mean, that's
1:01:46
a great, great meme. All right, after you have time
1:01:49
for two more opt, he's infatuation with sexy, male
1:01:51
British accent It's score mommy. Opt he's Christmas invitation,
1:01:55
very, very nice. Last too much.
1:01:58
If I should've last one, a Jato coin.
1:02:00
I gave those beams. A Spartan soundboard for
1:02:03
Cynthia. Lummis.
1:02:06
One of us the time is out. Also guys check out Simply
1:02:13
Bitcoins telegram group is absolutely absolutely free.
1:02:15
You got to go to www.ah.mil / simply Bitcoin TV also check out
1:02:20
the blog simply Bitcoin, unfiltered, simply Bitcoin dot
1:02:23
news. That's where you can find the
1:02:25
written version of the show. Shoutouts are awesome Riders.
1:02:27
Zach, wine and kiss Paul rusted. Love you guys.
1:02:32
You guys are what makes it happen?
1:02:33
Opti software or website today. It's a site.
1:02:35
It's a site. Websites brought to you by
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only on Cipher safe dot IO. All right, boys and girls.
1:03:09
Ladies and gentlemen, today's website by bitcoiners is SATs
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crap.com, I repeat sat crap. A.com it's a, it's like an eBay
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for bitcoiners out there. I know, I know it's a bear
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market and everyone's looking for more ways to stack such.
1:03:26
Well, here is a website where you can sell your crap for SATs
1:03:31
and it's like a it's like a Bitcoin eBay site.
1:03:35
So there's a bunch of stuff on here.
1:03:37
Don't know. I know I know people are looking
1:03:39
for ways to stack Moore's apps out there.
1:03:41
So go check out sad scrap.com and TK shouts out to you, bro.
1:03:46
Yes, the sub stack is slaying it.
1:03:48
The boys over there, dropping a hot fire.
1:03:51
I absolutely love what they're writing and I can't wait to see
1:03:54
the next up. And, of course, if you want to
1:03:57
listen to this, an audio-only form, we are on anchor.
1:03:59
We are on Spotify, we are on Apple again.
1:04:01
I think we're on every podcasting platform out there.
1:04:05
But we are a part of the valley for Valley.
1:04:07
Our economy on Fountain. So you can stream is some sets
1:04:09
you can send us comments. We will read them on Friday and
1:04:13
to everyone that has clipped us. We appreciate it.
1:04:16
We love you continuing clipping on the show and will retweet it.
1:04:20
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1:04:25
You guys are what's keeping us on air and of course, our
1:04:29
awesome sponsors as well. Check them all, check them all
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1:04:36
much for Tuning in to another episode of Simply Bitcoin live.
1:04:40
If you enjoyed the show to know what to do, consider smashing
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best place to stack SATs by bitcoiners for bitcoiners and
1:05:14
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Eastern Standard Time. So we got about 35 minutes of a
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of Simply Bitcoin live.