Latest / Simply Bitcoin / El Salvador’s Bitcoin Strategy Draws JPMorgan | EP 805

Transcript

El Salvador’s Bitcoin Strategy Draws JPMorgan | EP 805 · Simply Bitcoin

• 0:09
  It's all. Going to zero against Bitcoin.
• 0:13
  It's going up forever. More.
• 0:25
  Yeah. Welcome to Sydney Bitcoin Live.
• 0:27
  We're number one source for the peaceful Bitcoin revolution.
• 0:29
  Code breaking news culture. Matic warfare.
• 0:31
  We will be your guide through the separation of money and
• 0:34
  state. El Salvador stays winning.
• 0:38
  Breaking tweets from Bloomberg quote El Salvador president
• 0:44
  Nambu Kale scared off Wall Street by embracing Bitcoin.
• 0:48
  Two years later, the bond rally he's overseeing is proving too
• 0:52
  lucrative to resist. It's almost as if we told you
• 0:58
  so. It's almost as if Bitcoins
• 1:00
  incentives stay winning. Do you remember what the I MF
• 1:03
  said? What happened when El Salvador
• 1:06
  embraced a Bitcoin standard? Remember what they said?
• 1:12
  It's going to cause financial mayhem.
• 1:15
  It was going to be horrible for the people of El Salvador.
• 1:18
  Boy oh boy were they proven wrong.
• 1:20
  And remember what the I MF did in Argentina?
• 1:23
  They gave Argentina bailout. But part of that, part of the
• 1:26
  conditions of the bailout was that the Argentine government
• 1:30
  had to deincentivize the adoption of Bitcoin in the
• 1:32
  country. So it looks like El Salvador who
• 1:35
  didn't listen to the I MF is prospering and it looks like
• 1:39
  Argentina. The government of Argentina
• 1:42
  better said who did listen to the I MF is not doing so hot
• 1:46
  with that 100 plus percent inflation.
• 1:50
  It's almost as if the IMF is not doing good by these countries.
• 1:55
  Maybe. Anyways, I wanna bring up my
• 1:58
  legendary cohost always optimistic.
• 2:00
  How you doing optim? I'm good, dude.
• 2:03
  You're cracking me up. That was good.
• 2:06
  I'm doing wonderful, man. As Roman said in the chat, it's
• 2:09
  it seems like Ramen is on the menu tonight.
• 2:12
  We haven't got to the numbers yet, but it looks like we got a
• 2:14
  dip. So hey guys, now might be the
• 2:17
  time to be stacking. Who knows how much lower it
• 2:19
  goes, but man. It's so fun being a bitcoiner.
• 2:23
  These are the these are the days that you live for you know your
• 2:26
  your blood pressure goes up. You realize oh wait, what can I
• 2:29
  sell today so that I stack more sets Obviously, I literally have
• 2:33
  nothing left in my house cuz you already know I'm a bitcoiner and
• 2:38
  we are all in. Anyways.
• 2:40
  Yeah, interesting stuff man. I I saw this news when this come
• 2:43
  out like I think it was Wednesday morning and I was like
• 2:46
  all right I know I'm doing the show Live Today and Nico's out
• 2:49
  so we're gonna postpone this news so that.
• 2:51
  We can get a Nico Jones rant on this, but I'm excited to get
• 2:55
  into this one. Nico, This is gonna be a good
• 2:56
  one. It's gonna be good.
• 2:57
  What are we gonna cover during The Culture?
• 2:58
  Man, yeah. And the culture.
• 3:00
  I'm just gonna double down. I've probably said this so many
• 3:04
  times on the show, but people still seem.
• 3:07
  To want to complicate things in regards to what's the best
• 3:11
  Bitcoin strategy and you know, I'm going to just do a little
• 3:14
  Opti soapbox today. So hey, you know, forgive me
• 3:18
  beforehand. You already know what's coming.
• 3:21
  But I I want to simplify things for people and I have a few
• 3:24
  friends tweets here that we're going to help me illustrate and
• 3:27
  elaborate on this point because we're all coming to the same
• 3:29
  conclusion guys. You know, stay humble, stacks
• 3:31
  at, stay solvent. This is the way it's so simple.
• 3:33
  But people like to complicate things because.
• 3:36
  You know, in the, in the Fiat world that we live in, complex
• 3:40
  solutions seem to be everyone's favorite thing to be doing.
• 3:44
  And it's very simple guys. Simplify your life and and your
• 3:47
  life will improve. And that's what we're all here
• 3:48
  to do is improve our lives moving forward and live a better
• 3:51
  life. And Bitcoin allows this for us.
• 3:53
  So I'm I'm going to do one of those things. 100 percent, 100%,
• 3:57
  guys, simply Bitcoin. Simply Bitcoin goes live Monday
• 4:01
  through Friday at 12:15 PM Eastern Standard Time.
• 4:03
  And if you don't find us on YouTube, you can find us on
• 4:06
  alternative video platforms like Twitter and Rumble.
• 4:09
  So shout out to our Rumble audience, which I know has been
• 4:11
  growing as of late. And if you are listening to us
• 4:14
  on YouTube, please smash the like button helps push the
• 4:18
  orange signal forward. Help us break 100 likes within
• 4:21
  the first Hour we've. You know, I think we've done
• 4:23
  that for like 3 weeks. I know, I know.
• 4:25
  Help us maintain the streak. So smash that like button.
• 4:28
  Let's get the 200. Have we brought 200 yet?
• 4:31
  Oof. That.
• 4:31
  That's it. That's a lofty goal.
• 4:33
  I like that though. Anyways, guys, no more delay.
• 4:35
  Let's jump straight into the show.
• 4:37
  We have a lot to talk about today.
• 4:38
  Let's check it out. The Bitcoin numbers.
• 4:43
  Is your Bitcoin and cold storage really secure?
• 4:46
  Is your seed phrase really secure?
• 4:49
  Stamp seeds? Doityourself kit has everything
• 4:52
  you need to hammer your seed words into commercial grade
• 4:55
  titanium plates instead of just writing them on paper.
• 4:59
  Don't store your generational wealth on paper.
• 5:03
  Papers prone to water damage, fire damage.
• 5:06
  You want to put your generational wealth on one of
• 5:08
  the strongest metals on planet earth, Titanium.
• 5:11
  Your words are actually stamped into this metal plate with this
• 5:14
  hammer and these letter stamps. And once your words are in, they
• 5:18
  aren't going anywhere. No risk of the plate breaking
• 5:21
  apart and pieces falling everywhere.
• 5:23
  Titanium stamp seeds will survive nearly triple the heat
• 5:26
  produced by a house fire. They're also crush proof,
• 5:29
  waterproof, non corrosive, and time proof.
• 5:32
  All things that paper is not allowing you to huddle your
• 5:34
  Bitcoin with Peace of Mind for the long haul.
• 5:37
  Stamp your seed on stamp, seed. All right everybody, You don't
• 5:43
  wanna put yourself in a position, but you have to
• 5:44
  explain to your grandchildren why you lost your generational
• 5:47
  wealth. That's exactly why you should
• 5:49
  secure your Bitcoin wallet. Backup Seed words on this one of
• 5:54
  the strongest metals on planet Earth.
• 5:55
  Titanium. Scan the QR code on your screen
• 5:58
  right now. It'll take you directly to the
• 6:00
  Stamp Seed website, and you could use promo code simply to
• 6:03
  get a 15% discount. Anything on their website.
• 6:07
  At the time of recording, the Bitcoin price is 27,775.
• 6:12
  That's per dollar 3600 block height 803,645 block blocks to
• 6:19
  having 36,355 having estimate April 20th, 2024 Total Lightning
• 6:26
  Network capacity 4661 Bitcoin capacity value 129 million U.S.
• 6:32
  dollars. Realize monetary inflation,
• 6:35
  continuing to take Fiat currencies to absolute school
• 6:38
  1.76%, market capitalization $540 billion.
• 6:44
  Bitcoin versus Bitcoin versus gold market cap 4.24%.
• 6:49
  And that number will continue to rise because Bitcoin has
• 6:53
  absolute scarcity and nothing in the world does, including gold
• 6:59
  believe it or not. Anyways, I want to talk about
• 7:02
  this. So it is interesting.
• 7:08
  The song went viral and it's Richmond, north of Richmond.
• 7:12
  And we're actually going to talk about that today.
• 7:14
  And if you take a look at the Wikipedia article, it says that
• 7:18
  some of the in again, I'm not going to touch on any of the
• 7:22
  culture or political issues, but I'm, I want to this is a Bitcoin
• 7:25
  show after all. So I'm going to talk about
• 7:27
  inflation, right, And also high taxes, not from the direct
• 7:32
  taxation, but from the hidden tax of inflation, right.
• 7:37
  And they say the songs lyrics around around common right wing
• 7:42
  talking points such as inflation.
• 7:44
  Like you, you guys know the deal here at simply Bitcoin, we don't
• 7:48
  lean left, we don't lean right. Bitcoin is inherently a
• 7:51
  political. We played you a video of Andreas
• 7:54
  Antonopoulos and he was making the case as to why that is.
• 7:59
  I just find it interesting how, you know, and this is exactly
• 8:04
  why we stay from politics, by the way, because I believe that
• 8:07
  Fiat governments really have this divide and conquer
• 8:11
  strategy. You know, where they pit the
• 8:15
  political left against the political rights and whoever
• 8:18
  part would it, whichever parties in power, the other party that's
• 8:21
  not in power blames all of everyone's economic hardships on
• 8:25
  the party who's in power. And then it's like this kind of
• 8:27
  revolving door. But regardless of what power,
• 8:30
  what parties in power, the issue remains the same.
• 8:34
  They print a lot of money and that devalues everyone's money.
• 8:37
  Who's holding this, holding that money.
• 8:40
  And it affects the lower and middle classes
• 8:44
  disproportionately because they don't have the means to save an
• 8:48
  assets. Therefore, when they print money
• 8:51
  and the value of those assets rise, the lower and middle
• 8:54
  classes don't benefit from that. That's why you hear the, the,
• 8:57
  the, the the same thing over and over again.
• 9:00
  The rich get richer, the poor get poorer.
• 9:02
  That's not because capitalism is broken, the free market is
• 9:05
  broken. That is literally because the
• 9:06
  money is a wealth redistribution mechanism.
• 9:10
  So again, like I this is, you know, this is like smoke and
• 9:14
  mirrors. Like it's like don't pay
• 9:15
  attention to inflation. That's a right wing talking
• 9:17
  point, you know, forget about it.
• 9:22
  And that's not only simply Bitcoin.
• 9:23
  Saying this, we have Walker. Walker America is part of the
• 9:26
  crypto couple, very talented content creators.
• 9:30
  And he goes on to say if you truly believe inflation is a
• 9:33
  right wing talking point, you might want to ask yourself why
• 9:37
  the other political party is not concerned with these things,
• 9:40
  Right. And I I disagree with that in
• 9:42
  the sense because I think that regardless of what side of the
• 9:46
  aisle you are in, I think it really matters to you if your
• 9:50
  money is devaluing like if you're purchasing power is
• 9:54
  decreasing. I don't think that is a, you
• 9:57
  know, that is a I don't think that that goes with with a
• 10:01
  certain ideology or political belief.
• 10:04
  I truly believe that this is just a divide and conquer type
• 10:08
  of strategy. And honestly, this song really
• 10:12
  hit a nerve with people. And the reason it really hit a
• 10:15
  nerve with people is because and the only reason it really hit a
• 10:18
  nerve with people, the only reason things go viral, whether
• 10:21
  it's a tweet or whether it's a meme, is because it resonates
• 10:25
  with other people. People are thinking something
• 10:27
  very similar. And the piece of content that
• 10:29
  you made, whether that's a piece of music, whether that's a meme,
• 10:32
  whether that's text like like a tweet or postnowthatatext.com,
• 10:38
  the only reason it does it performs well is because it's
• 10:40
  resonating with other people. People are are feeling that
• 10:43
  emotion, People are understanding that.
• 10:45
  Then this is a song that really resonated with me and I'm sure
• 10:49
  that it resonated with a lot of you guys.
• 10:50
  I actually want to play the first minute of the song so we
• 10:54
  can kind of react to it and take a look at the wording.
• 10:58
  And also remember what I said about the lower middle classes
• 11:02
  and how inflation right is really, really hurting them the
• 11:06
  most. Inflation is theft.
• 11:08
  Inflation is the hidden tax, and it affects everybody, whether
• 11:12
  you lean ideologically to the left or you lean ideologically
• 11:16
  to the right. It's a bipartisan issue.
• 11:20
  And the last thing that we want to happen is bitcoiners is, is,
• 11:23
  is it for, for it to become a partisan issue because it's not
• 11:26
  right anyways. So let's check out this long and
• 11:29
  then we'll talk about it. I've been selling my soul,
• 11:34
  working all day overtime hours for bullshit pain so I can sit
• 11:41
  out here and waste my life away, drag back home and drown my
• 11:46
  troubles away. It's a damn shame what the
• 11:50
  world's gotten to for people like me.
• 11:54
  People like you wish I could just wake up and it not be true.
• 11:59
  But it is all it is living in the new world with and hold.
• 12:08
  So the rich man N the rich man, Lord knows it all.
• 12:15
  Just want to have total control. Want to know what you think.
• 12:20
  Want to know what you do. And they don't think you know
• 12:24
  but and all that you do because your dollar ain't shit.
• 12:28
  And it's taxed to no hand. Awesome.
• 12:39
  And it is an incredibly powerful song.
• 12:41
  Incredibly powerful song. And let's take a look at Google
• 12:44
  Maps. Let's take a look at what is
• 12:46
  north of Richmond, VA. And if we scroll up, it is this
• 12:50
  city of Washington, DC, And he's talking about control.
• 12:54
  He's talking about the dollar ain't shit.
• 12:57
  And let's take a look at what the fuck happened in 1971,
• 13:00
  right? And this is, this is what it all
• 13:01
  comes down to, right? The lower and middle classes
• 13:04
  were disproportionately affected once we went off the gold
• 13:08
  standard. The productivity, the amount of
• 13:10
  work that people are putting in continues to go higher.
• 13:14
  But the compensation, the amount of money that people are paid
• 13:17
  for that work has remained relatively stagnant.
• 13:21
  Wages have not increased, really since the 1970s.
• 13:25
  People see this with the cost of Liz Living, housing, housing
• 13:29
  costs, people can't afford it, even the middle class.
• 13:32
  You're outpriced out of everything and that is literally
• 13:35
  due to broken money. So don't fall for the divide and
• 13:40
  conquer mechanism, right, which I believe that that that's what
• 13:46
  it is. When you start labeling things
• 13:48
  left wing or right wing, focus on the issue at hand.
• 13:52
  It is not left verse, right. It is not red.
• 13:54
  Verse blue is the party of orange, the party of peace,
• 13:58
  prosperity and freedom, which is a party of Bitcoin versus the
• 14:02
  party of government money. The party of green, the party of
• 14:06
  slavery, the poverty, the party of poverty, the party of central
• 14:11
  bank digital currencies, the party of Fiat money, Right.
• 14:15
  That is the battle at hand, right?
• 14:17
  And this is a metaphorical battle.
• 14:19
  This is a peaceful revolution. It is not a left and right
• 14:22
  issue. I can't emphasize that enough.
• 14:25
  Don't get distracted, don't get lost in the sauce.
• 14:29
  Keep your eye on the target. But yeah, man, I that that song
• 14:33
  went absolutely viral. When I saw it on YouTube for the
• 14:36
  first time. I had 3.6 million views, has
• 14:39
  over 15,000,000 views in less than seven days.
• 14:43
  And the reason for that is, is what I said earlier.
• 14:45
  It is resonating with people. It's striking A chord with
• 14:49
  people. People are feeling that pain.
• 14:51
  People are are are going through this and they're correctly
• 14:54
  identifying the problem. They're saying, wait a second,
• 14:57
  why are the suburbs in Washington, DC, which is not an,
• 15:02
  you know, a city that is is, you know, economically productive,
• 15:07
  right? It's it's a it's a government
• 15:09
  hub. You know why they, why are they
• 15:11
  as wealthy as they are? What?
• 15:13
  Why is, you know, why is the government want to control my
• 15:16
  life? Why do they want me using
• 15:18
  central bank digital currencies? Why are they trying to censor
• 15:22
  certain types of speech? That completely goes outside of
• 15:25
  the role of government in my opinion, right.
• 15:29
  And I and I believe that what is the, what is the root cause of
• 15:34
  this, you know, ever growing government, What is the root
• 15:37
  cause of the endless wars? What is the root cause of this
• 15:40
  endless censorship? Well, what is the funding?
• 15:44
  The funding is the is the money printer.
• 15:46
  Without the money printer, they can't fund all of this stuff.
• 15:50
  the US government spends $1 trillion more than it collects
• 15:54
  in tax revenue year after year, even though it collects more tax
• 15:58
  revenue year after year. How are they able to afford all
• 16:02
  this spending? They have a money printer, and
• 16:04
  no human being should have the godly power to be able to print
• 16:09
  money for free that another human being has to spend time
• 16:13
  and effort to work for. So as a bitcoiner, I'll tell you
• 16:18
  what I'm going to do. I refuse to work for a money
• 16:21
  that another man can create for free.
• 16:24
  And if that man 10 says that they're part of the government,
• 16:27
  I don't care. No one fucking deserves that
• 16:29
  privilege. And in Bitcoin, no one has that
• 16:33
  privilege. If you want to make more
• 16:34
  Bitcoin, you have to buy it, you have to earn it, or you have to
• 16:38
  mine it, just like everybody else.
• 16:40
  The most equal, equitable money the world has ever seen.
• 16:44
  That is what we're asking for. That is what we're fighting for.
• 16:47
  Don't get distracted by the politics.
• 16:50
  Keep your eye on the ball and that's how we're going to win
• 16:52
  anyways. Opti, what's your take on this,
• 16:54
  brother? Yeah, well, first and foremost,
• 16:58
  it's absolutely incredible that the framing is inflation is a
• 17:02
  far right thing. Like inflation hurts all of us
• 17:04
  normal people and inflation is equally stealing from every
• 17:09
  single person out there unless you are close to the money
• 17:11
  printer. i.e., the Canteon effect.
• 17:13
  If you don't know, now you know go look up what that is.
• 17:16
  But basically, those closest to the money printer are the ones
• 17:19
  that are able to improve their lot in life and while us average
• 17:22
  people have to wait to get that money.
• 17:24
  That money gets to devalued in the process.
• 17:27
  This is what's going on right now.
• 17:28
  But again, it's absolutely amazing and nefarious.
• 17:32
  The framing of inflation becoming a partisan issue, it's
• 17:35
  like again, inflation hurts us all.
• 17:37
  It's stealing from all of us equally unless you are getting
• 17:40
  that money up front. But you know, I guess this is
• 17:44
  where we are in the story right now is the corporate press is
• 17:47
  doing whatever kind of cover they can to.
• 17:53
  Not point at the problem that they printed trillions of
• 17:56
  dollars since 2020 and you know, we we can.
• 18:00
  I'm not not to get too conspiratorial, but we all know
• 18:02
  who's behind Wikipedia, so obviously I'm not.
• 18:04
  I'm not surprised that this is coming from Wikipedia in the 1st
• 18:07
  place. But on a different point, I
• 18:09
  don't know if you saw these videos, Nika, maybe we'll play
• 18:12
  them on numbers tomorrow, but there is some music on it.
• 18:14
  Have you guys seen the TikTok videos going around lately from
• 18:18
  basically all walks of life where they're all complaining
• 18:21
  about? The fact that they're purchasing
• 18:24
  power is getting dwindled right now and if you watch that video,
• 18:28
  it's literally people from every corner, from every race, from
• 18:32
  every gender and everyone is feeling the same thing.
• 18:34
  This is, this is not a one side issue.
• 18:38
  Everyone of us that is an average person of average means.
• 18:42
  It's starting to feel the pain because of inflation and it's
• 18:45
  absolutely disgusting that people are trying to frame this
• 18:48
  as it's a one side verse, the other side, what do we always
• 18:50
  say? It's not left verse right, it's
• 18:52
  orange verse green and it just it's really incredible that
• 18:57
  there has been such a vicious reaction to the song.
• 19:00
  Of course, as we always say, memes are powerful because they
• 19:04
  have truth behind it. And of course, music is nothing
• 19:06
  but memes set in motion via. Frequencies and sounds so
• 19:11
  absolutely love to see this and and you guys know me like I I
• 19:14
  think I've been saying this for a while on the show.
• 19:16
  I am a huge fan of three chords and the truth I've been list.
• 19:19
  That's my favorite music. I think folk music is awesome.
• 19:23
  It it has a way since I don't know the dawn of time basically
• 19:27
  to spread the message and I think that it's awesome to see
• 19:32
  that there's still some musicians out there that are
• 19:34
  that are doing what I think. Music has the power to do, which
• 19:38
  is put truth with vibrations, with sounds with melody and
• 19:43
  spreading the truth that people can easily digest.
• 19:46
  There's something to music that it puts you in a trance and then
• 19:49
  when you put truth on top of it, it seeps into your psyche and it
• 19:54
  just it's a it's a one of the best ways to propagate memes,
• 19:57
  so. It's awesome to see that this
• 20:00
  guy, I think is, what's his name?
• 20:02
  Oliver Anthony, I think. I think I called him a different
• 20:04
  name during the week just because I have a bad memory.
• 20:07
  But it's really awesome to see that this message can go viral.
• 20:12
  And I think it kind of goes into the idea that there's more of us
• 20:15
  out there that are feeling the same thing, that are seeing and
• 20:18
  hearing the same thing, and we're all kind of waking up to
• 20:21
  this notion of what is going on. This is absolutely ridiculous.
• 20:26
  How come we're in this position? And I think that's the first
• 20:29
  step is asking these questions. It's realizing that something is
• 20:33
  wrong. Again, I say it all the time.
• 20:35
  Most people know what the problem is, but few people know
• 20:37
  what the solution is. And obviously, as a bitcoiner,
• 20:41
  we know the meme. Fix the money, fix the world.
• 20:44
  So it'd be awesome if this guy Oliver Anthony becomes a
• 20:48
  bitcoiner, or whether he's already a bitcoiner.
• 20:50
  I know I saw a lot of bitcoiners on Twitter trying to orange pill
• 20:54
  him so hopefully he can get to the problem, get to the
• 20:56
  solution. Because it does start on a
• 20:59
  grassroots level and as we can see the reaction from him going
• 21:02
  viral that more people are feeling the same thing.
• 21:05
  Everyone is waking up to the same idea that you are holding
• 21:08
  melting ice cubes. If you are saving in dollars and
• 21:12
  there needs to be a solution and we have the solution, it is
• 21:15
  Bitcoin. But on another point, it's
• 21:19
  absolutely awesome to see this song as a timepiece, like
• 21:24
  capturing the zeitgeist at the moment and the feeling that
• 21:27
  everyone is feeling right now and just how crazy the world has
• 21:30
  got. It just it makes me hopeful.
• 21:32
  I love three chords and the truth it it make it, you know,
• 21:35
  that hits me in the soul. Like, even when I heard it
• 21:37
  today, I'm so glad we covered it.
• 21:39
  I got like shivers and chills and the goosebumps.
• 21:42
  Just it's just such a great song.
• 21:43
  So shouts out to him and shouts out to propagating the memes and
• 21:47
  spreading the message that inflation is stealing from all
• 21:49
  of us. Guys, this is the fundamental
• 21:52
  problem in the world right now. What's fossil?
• 21:54
  He said. It's 11th grade math and they
• 21:56
  have to continue to print. Well, the more they print money,
• 22:00
  the broker you will get. This is as simple as it gets.
• 22:04
  That's the point of Keynesian economics is to complicate the
• 22:07
  matter. And the matter is very simple.
• 22:09
  As you expand the money supply, people holding that money get
• 22:13
  poorer. This is the simple economics of
• 22:16
  this. Don't let them confuse you.
• 22:18
  Don't let them make this into a partisan issue.
• 22:21
  We are all affected by the fact that our money is becoming
• 22:24
  worthless and you need to find a solution.
• 22:27
  And that solution for us is obviously simply Bitcoin.
• 22:31
  You need to hold some Bitcoin because this is the only way to
• 22:34
  protect yourself right now. Amen to that, brother.
• 22:37
  Amen to that. They don't call you, they don't
• 22:41
  call you San Opti for no reason. Anyways, everybody, I want to
• 22:44
  tell you about the largest Bitcoin conference on the face
• 22:47
  of the earth, Bitcoin 2024. It's coming up, it's going to be
• 22:50
  in Nashville, TN. You don't want to miss it.
• 22:54
  You can use promo code simply to get 20 to get a large percent.
• 22:58
  It's 10% off your tickets to Bitcoin 2024.
• 23:02
  Is going to be July 25th through the 27th. 2024 GA ticket is for
• 23:06
  3:49 and industry passes for 849.
• 23:09
  A whale passes for 4749. If you're trying to get a job in
• 23:13
  the industry, I recommend the industry pass for 8:49.
• 23:16
  And like I said, if you use promo code simply you'll get a
• 23:20
  bigger discount than the already discounted rates.
• 23:22
  You want to get your tickets quickly before the prices go up.
• 23:25
  You definitely don't want to miss Bitcoin 2024 in Nashville,
• 23:29
  TN. Anyways, everybody, let's get to
• 23:31
  the news, the Daily News. All right, guys, I want to tell
• 23:42
  you about Bitcoin evangelism. The great Tatum turnup once said
• 23:48
  Bitcoin evangelism is like the Bitcoin standard and Bitcoin for
• 23:51
  Dummies had a baby. Have you ever struggled to
• 23:53
  answer your skeptical no coiner friends objections?
• 23:56
  Or maybe you answered it perfectly, but they just didn't
• 23:59
  understand what you said. Bitcoin Evangelism will equip
• 24:02
  you with an arsenal of simple illustrations to help articulate
• 24:05
  the tenants of Bitcoin to anyone.
• 24:08
  Bitcoin Boomer? Check.
• 24:09
  On Anna, who is worried about Bitcoin being the currency of
• 24:12
  the Antichrist? Check.
• 24:14
  Annoying dude from work that rubs it in your face anytime the
• 24:16
  price of Bitcoin is down like today?
• 24:19
  Check. What about your crypto friends?
• 24:21
  Bitcoin Evangelism is the most comprehensive Bitcoin only book
• 24:24
  for the entire altcoin casino that will reverse the effects of
• 24:28
  the crypto brown pill and help more people see a bright orange
• 24:31
  future. You can scan the QR code on your
• 24:33
  screen right now. It will take you directly to
• 24:36
  Amazon where you can get yourself a copy of Bitcoin
• 24:40
  Evangelism. Anyways, today's one of those
• 24:43
  days that we could say I told you so.
• 24:46
  Well, I didn't say it. President's name Bokele of El
• 24:50
  Salvador said. I told you so and what he what?
• 24:53
  What is he referring to? Well, he didn't really just say
• 24:55
  I told you, say it, told you so, he said.
• 24:58
  I really, really want to say I told you so.
• 25:00
  Well, here it's simply Bitcoin. We will say we told you so, but
• 25:06
  anyways. What is it?
• 25:07
  What was Namebukele referring to?
• 25:09
  He was referring to this tweet by Bloomberg that said El
• 25:12
  Salvador President Namebukele scared off Wall Street by
• 25:15
  embracing Bitcoin. Two years later, the bond rally
• 25:18
  he's overseeing is proving too lucrative to resist.
• 25:24
  It's almost as if countries that adopt A Bitcoin standard.
• 25:29
  Start feeling the same effects as people who start adopting a
• 25:34
  Bitcoin standard and don't tell me that it's a coincidence.
• 25:37
  Like this is no way this is a coincidence.
• 25:40
  And remember, like, don't bury your head in the sand.
• 25:43
  Remember what the I MF said? The I MF said it twice, right?
• 25:47
  They said it the first time they said this is going to be
• 25:50
  terrible for the country. And then earlier on this year,
• 25:53
  when they no longer could keep that narrative, they kind of had
• 25:57
  to change tune a little bit. This was February 11th, 2023 and
• 26:03
  this came out today. Bitcoin touting Bukele's Bond
• 26:08
  Rally draws JPMorgan and Eden Vance.
• 26:12
  So before we get to that article, I just want to read you
• 26:15
  this Baron's article. Let's get some of the I MF's
• 26:18
  takes. Anyways goes on to say the
• 26:20
  International Monetary Fund has warned El Salvador.
• 26:23
  The only country to adopt Bitcoin is legal currency
• 26:26
  against the risks involved in expanding its reliance on the
• 26:28
  cryptocurrency. The warning came in in a report
• 26:32
  Friday that followed an expert's mission to the Central American
• 26:36
  country. I just want to highlight that
• 26:38
  word experts, right? It's after the experts came,
• 26:43
  they warned it okay. Let's see.
• 26:45
  Let's see what those experts are also doing.
• 26:48
  Let's take a look at Argentina. There's a coin desk article that
• 26:51
  we refer to a lot. To rub it in the I M F's face.
• 26:55
  Argentine Congress approves I MF deal that would discourage
• 26:59
  crypto use. Well Argentina took that debt
• 27:03
  deal and Argentina is currently enduring 115% inflation and the
• 27:10
  country that did not listen to the I MF.
• 27:12
  In fact, it said fuck you to the I MF.
• 27:15
  Let's take a look at this headline.
• 27:17
  Bitcoin, touting Bukele's Bond rally, draws JP Morgan to eat on
• 27:22
  Vance. It's almost as if the I MF was
• 27:25
  wrong and that expert made himself look like a fucking
• 27:29
  fool. Maybe because he was a KENS,
• 27:32
  maybe because he's a Kensian, I don't know.
• 27:34
  But I don't know what else. Another conclusion you can come
• 27:39
  up with. I mean at this point, if you
• 27:42
  guys want more information about this topic, I really recommend
• 27:45
  reading Alex Gladstein's book Hidden Repression is great,
• 27:49
  really goes, dives, dives deep into that.
• 27:51
  There's also another book that I saw in the chat.
• 27:53
  Someone mentioned Confessions of an Economic Hitman.
• 27:56
  Is the IMF really really looking out for these countries best
• 28:00
  interest? That is my question to you.
• 28:03
  And if the answer is no, then why the fuck should we care what
• 28:06
  the IMF has to say? That's.
• 28:09
  I don't know. This is just a thought.
• 28:11
  So it goes on to say it found that the Salvadorian growth has
• 28:14
  been robust last year, but that vulnerabilities, including the
• 28:18
  linkage to Bitcoin, remain. El Salvador in September 2021
• 28:22
  adopted Bitcoin as legal currency alongside the US
• 28:25
  dollar. Tech savvy president named Kelly
• 28:27
  advocated the move as a way to bring more Salvadorians, many of
• 28:31
  them lacking bank accounts, into the formal economy.
• 28:34
  But the I, MF and World Bank warned that doing so could leave
• 28:37
  the country more vulnerable to money laundering and other
• 28:40
  illicit activity that could affect underlying stability.
• 28:45
  And then they go on to say while risks have not materialized due
• 28:50
  to the limited Bitcoin use so far.
• 28:52
  So it's not like anything. No, it's because they haven't
• 28:55
  materialized because no one. It's limited Bitcoin use, right?
• 28:58
  But if there is a lot of Bitcoin use, they're going to
• 29:00
  materialize, we promise you. It's not like we've been wrong
• 29:03
  about anything before, quote. New legislative New legislative
• 29:08
  reforms to encourage the use of crypto assets.
• 29:11
  It goes on to say, quote Given the legal risks, fiscal
• 29:14
  fragility, and largely speculative nature of crypto
• 29:17
  markets, the Authority should reconsider their plans to expand
• 29:21
  government exposures to Bitcoin February 11th, 2023.
• 29:28
  So let's move on to this next article, Bloomberg.
• 29:32
  Dropped two days ago, Bitcoin touting Bukele's bond rally
• 29:38
  draws JP Morgan and Eton. Vance goes on to say El
• 29:43
  Salvador's president Ibukele scared off many on Wall Street
• 29:46
  by embracing Bitcoin. Two years later, the bond rally
• 29:50
  he's overseeing is proving too lucrative to resist.
• 29:54
  That is not simply Bitcoin saying that, that is Bloomberg
• 29:58
  saying that. But simply Bitcoin will say we
• 30:01
  told you so. Anyways, goes on to say I
• 30:04
  popping 70% returns the best among dollar bonds from emerging
• 30:09
  markets this year. Remember Michael Saylor's
• 30:18
  Bitcoin strategy, How he's outperforming the SNP also while
• 30:22
  he adopted a Bitcoin strategy. Maybe that's a coincidence also.
• 30:27
  Anyways goes on to say the best among dollar bonds from emerging
• 30:31
  markets this year are attracting investors who were once cautious
• 30:34
  and avoiding the securities altogether.
• 30:37
  JPMorgan Chase and Co Eden Vance, PGIM fixed income are
• 30:42
  among those who have recommended or bought the debt, betting it
• 30:45
  will continue climbing. Quote although we missed a
• 30:48
  significant share of the rally, maybe because of something the I
• 30:52
  MF said. That's Nico saying that.
• 30:54
  We still think there's value across El Salvador's curve.
• 30:57
  JP Morgan research strategy Ben Ramsey quote there's room for
• 31:03
  for this credit to keep outperforming.
• 31:05
  The optimism demonstrates Habukali has gained acceptance
• 31:10
  from both money managers and his peers in Latin America after
• 31:13
  many have dismissed him as an antiestablishment maverick.
• 31:17
  His hardline stance on gangs, which have dramatically cut
• 31:20
  crime in the country's influencing politics throughout
• 31:23
  the region. And his and his commitment to
• 31:26
  paying bondholders is making him a favorite among emerging market
• 31:29
  investors. You know, after they say this,
• 31:33
  I, I, I, I kind of saw very similar things happening in
• 31:37
  Argentina. Maybe the guy did say some kooky
• 31:40
  things here and there, but if you pay attention to his
• 31:45
  economic policies, they kind of sound very similar.
• 31:50
  Central banks kind of a scam? Bitcoin Good.
• 31:55
  And remember what the mainstream media is labeling him too.
• 31:58
  They're saying he's a kook, just like they did tell Salvador two
• 32:02
  years ago. I don't even know why we call
• 32:11
  them mainstream media anymore, Corporate media Better said.
• 32:14
  Going, it goes on to say well concerns remain over alleged
• 32:18
  human right abuses and his obsession with Bitcoin, which he
• 32:21
  adopted as an official currency in 2021.
• 32:24
  But Kelly has a surge the bond markets worst fears by
• 32:27
  engineering 2 debt buybacks, hiring a formal I MF veteran as
• 32:32
  an advisor, and repaying $800 million worth of bonds.
• 32:36
  The extra yield investors demand to hold Salvadorian sovereign
• 32:39
  bonds over similar U.S. Treasuries.
• 32:42
  Has more than halved in the past ten years.
• 32:44
  Notes maturing in 2035 and thereafter A trading below the
• 32:48
  10 percentage point threshold to be considered distressed.
• 32:52
  The country's bond performance compares to a 6.6% average
• 32:56
  return across an index of developing countries.
• 32:58
  Quote. The story continues to be
• 33:00
  positive on the fiscal accounts, and Boukeli has continued to be
• 33:04
  A to be very consistent in signaling to bondholders that
• 33:08
  he's serious about paying the debts.
• 33:11
  Besides JPMorgan, Eden Vance and PGIM, Lord Abbott and Co LLC,
• 33:18
  Nurburg Berman Group and UBS have added the debt since April,
• 33:22
  according to data compiled by Bloomberg Quote, El Salvador has
• 33:26
  benefited from proactive and prudent management of its
• 33:29
  balance sheet, including a debt buyback during the second-half
• 33:33
  of 2022 and material pension reform.
• 33:37
  Quote The policy mix was a lot more favorable and it implied
• 33:40
  that the debt defaults in the coming months and possibly years
• 33:44
  are not as high as what as what was priced into the market.
• 33:48
  Still, for some investors, El Salvador remains a high risk
• 33:51
  trade, especially starting in 2027 when the nation faces a
• 33:55
  large maturity wall. The government doesn't have much
• 33:58
  freedom and its financing plan, and may have difficulty
• 34:01
  navigating its market turns more negative on risk assets.
• 34:05
  Notes maturing in 20/27/2029 and 2032 are still trading at
• 34:12
  distress levels. And I would say for how long And
• 34:17
  I say for how long because I don't know, man, they counted El
• 34:20
  Salvador out two years ago when they made Bitcoin legal tender.
• 34:25
  And you know, they made, they recently made safe Dean a moose.
• 34:32
  An economic advisor and he's an Austrian economist and maybe it
• 34:38
  maybe these Austrian economist theories are kind of good,
• 34:44
  maybe, you know, maybe, maybe, I don't know, I'm, I'm, I'm just a
• 34:49
  talking head Bitcoin YouTuber Slash Rumbler, says Tweeter.
• 34:53
  But I think it's just common sense, bro.
• 34:57
  And you know what? What's really going to suck for
• 35:00
  these people? And for the legacy media and the
• 35:04
  corporate media is when other countries start following and
• 35:09
  they start getting similar results.
• 35:12
  And at that point how you going to brush that shit under the rug
• 35:18
  At that point the gigs up. And this is exactly this is
• 35:23
  precisely the reason why the media is so hell bent.
• 35:30
  On attacking El Salvador, this is precisely why the media was
• 35:34
  so hell bent on attacking Argentina and attacking the you
• 35:40
  know, this guy Javier Malay, who won the presidential primary
• 35:45
  candidacy by over 11 points. Like, you want to know why?
• 35:49
  Like, This is why, right? So this is crazy, dude, you know
• 35:56
  this is crazy. But at the same time like.
• 35:59
  We predicted this couple years ago months ago when this
• 36:03
  happened. And just because we're
• 36:05
  bitcoiners like all of this stuff is is not that crazy?
• 36:09
  Like, isn't it nuts what happens to a society in a country when
• 36:13
  they adopt sound money and then the base layer of the base layer
• 36:17
  of society is actually based on truth and not based on lies like
• 36:22
  Fiat? Isn't it crazy that things start
• 36:25
  to improve? Like literally across all of
• 36:29
  society, Whether that's crime, whether that's business, whether
• 36:32
  that's prosperity. Isn't that nuts?
• 36:35
  Isn't that crazy, man? I can't wait.
• 36:39
  I can't wait. The cope from these people a
• 36:41
  couple years from now when other countries follow suit.
• 36:45
  Yeah, it's going to be great. Keep keep it coming.
• 36:47
  We'll have stuff to talk about. Maybe we'll have popcorn ready
• 36:50
  for the next one. But like, dude, like Bitcoin
• 36:53
  stays winning. El Salvador stays winning.
• 36:56
  Nambu, KLA 2024. I think this is literally what
• 36:59
  governments are for. Like that.
• 37:01
  This is what they're for. And you know, anyways.
• 37:07
  Probably. What's your take on this, bro?
• 37:08
  Well, first, you kind of triggered an idea of me like,
• 37:11
  the Cope's gonna be dangerous. Probably.
• 37:13
  There's gonna be, like, a very visceral reaction to seeing
• 37:18
  countries like El Salvador succeed, seeing Bitcoiners
• 37:20
  succeed. And they're gonna call us lucky.
• 37:22
  They're gonna be extremely mad at just the fact that you made
• 37:24
  correct economic decisions. But that's a totally other
• 37:27
  tangent. I'm sure we'll be covering this
• 37:28
  on the show, constantly moving forward.
• 37:30
  But to the end of your rant, you know, Austrian economists just
• 37:34
  keep winning. Like, let's go.
• 37:36
  It's so simple. Keynesianism is almost, it's
• 37:40
  almost like it's broken guys, like what's going on here?
• 37:42
  It's almost like it doesn't really work in the real world.
• 37:44
  But anyways, that's a total again and totally other tangent.
• 37:48
  But you love to see the response to El Salvador.
• 37:50
  First they hate on you and then they start to embrace you.
• 37:54
  It just goes to show that bitcoins incentives will force
• 37:56
  everyone to bend the knee because hey, you know, everyone
• 38:00
  is greedy like greed is good. Bitcoins incentives the line for
• 38:03
  the betterment of humanity. And people like to see number go
• 38:06
  up, whether that is on a country level, a corporate level or an
• 38:11
  individual level. And again, we've all pretty much
• 38:14
  came here for number go up, you know, came for the money but
• 38:17
  stayed to fix the money as the mean goes.
• 38:20
  And it's just very, very exciting to see so many people
• 38:24
  start to catch that Bitcoin bug and then they're going to slowly
• 38:27
  but surely become Bitcoiners because of the economic
• 38:30
  incentives and aligning with Bitcoin.
• 38:34
  What's the, what's the Satoshi quote like?
• 38:36
  You're you're better off to align with Bitcoin than to fight
• 38:38
  Bitcoin. And we're starting to see that.
• 38:41
  Well, we've seen this happen obviously on an individual
• 38:44
  level, but we're starting to see this happen on a nation state
• 38:46
  level, on a corporate level. And it just goes to show that
• 38:50
  Bitcoin incentives, the Bitcoin economics, the Austrian
• 38:53
  economics angle is is working and it's going to continue to
• 38:58
  work. And then of course, like I I
• 39:01
  might go a little little harder, I might double down here, Nika,
• 39:03
  so you you can walk me off the ledge if you need to.
• 39:06
  But the I MF is the enemy. Like it's the wolf in the hen
• 39:09
  house. You know that they say they're
• 39:11
  here to protect you. They say they're here to help
• 39:13
  you. But again, this is a metaphor,
• 39:16
  guys. Metaphorically speaking, it's
• 39:18
  akin to the mafia. Like here's some money now I own
• 39:20
  you. We see this happen constantly in
• 39:23
  South American country, actually all around the world.
• 39:25
  Again, they mentioned Confessions of an Economic
• 39:29
  Hitman. Definitely go read this guys.
• 39:31
  This is not surprising at all. The game has been exposed for a
• 39:35
  long time, but it's awesome to see that there's alternatives
• 39:39
  and kudos to Bukelle and just love to see El Salvador rub the
• 39:43
  skeptics face in the receipts. And again, greed is good and
• 39:48
  people are inherently self interested and if you are
• 39:54
  holding melting ice cubes, you are going to look for
• 39:56
  alternatives. And hey look, apparently the El
• 39:59
  Salvador bond is starting to look very, very good to people
• 40:03
  on Wall Street and you just love to see it.
• 40:06
  So it's going to be very interesting to see how well the
• 40:09
  strategy does moving forward. Obviously it's been what two
• 40:12
  years, if that maybe one year or so like that so.
• 40:16
  It's just it's going to be very, very cool to see this play out
• 40:20
  and have more time under its belt and then it will be even
• 40:24
  more irrefutable. So obviously the I MF is going
• 40:30
  to have a knee jerk reaction because they don't want this
• 40:32
  strategy to spread out to other South American countries because
• 40:36
  then they lose their control and their influence on all these
• 40:39
  countries that are in debt. And of course we know that the
• 40:44
  same, you know, same board members of the IMF, also
• 40:48
  probably Wink Wink, own the corporate press.
• 40:52
  So hence why they're kind of doing this cover, they're doing
• 40:55
  this like, oh this is amazing what's going on here.
• 40:58
  I thought this was gonna blow up.
• 40:59
  And remember, I think you even covered it right now.
• 41:02
  How? How El Salvador was so risky a
• 41:04
  couple of months ago, yesterday, you know, three days ago the El
• 41:08
  Salvador was risky. And now they're like, wait,
• 41:11
  maybe I might want to get some just in case.
• 41:13
  But it's almost like there's an alternative strategy here, guys.
• 41:16
  It's almost like adding massive debt to your country's balance
• 41:19
  sheet doesn't work and doesn't actually make you richer.
• 41:22
  Things that make you say, home. I wonder what's going on here.
• 41:26
  Maybe holding hard money is the way moving forward for every
• 41:30
  country that actually wants to. Or, I don't know, maybe I'm just
• 41:34
  so fast on the rabbit hole I'm seeing things.
• 41:36
  That's a that's a crazy concept. It's so crazy.
• 41:39
  Crazy concept. I want to read this comment by
• 41:40
  Elaine. While America stops arresting
• 41:43
  criminals and our cities devolve into chaos, Pukele does the
• 41:46
  opposite. And life is beautiful.
• 41:48
  And El Salvador, go figure, you know it's it's it's so much
• 41:52
  deeper than that because like. Think about like just like.
• 41:58
  I'm going to get a little bit deep here, but let's go.
• 42:02
  This Thursday show, so like okay, So the whole system is
• 42:08
  based on theft. So does it really surprise you
• 42:13
  that you have the normalization of theft, right?
• 42:16
  So it's like if you see a bunch of people just going into stores
• 42:20
  looting everything and people are just okay with that.
• 42:24
  The people at the very top are benefiting from theft, Like the
• 42:27
  most blinked in theft, right up in your face.
• 42:31
  But of course they don't teach us in school by design.
• 42:36
  You could say that, right? And like what?
• 42:39
  Like what is, what is this theft that I'm talking about?
• 42:41
  Because everyone, like, say, theft.
• 42:42
  It's like, no, they're coming to the door and they're just taking
• 42:45
  your shit and they're stealing from you.
• 42:46
  No, it's inflation. It's literally inflation.
• 42:49
  That is the theft, right? So if we've normalized theft in
• 42:53
  a society you know it it starts to trickle down to the very very
• 42:58
  bottom that that's what's happening right the the whole
• 43:02
  society and and like again like it's it's always treated and
• 43:05
  talked about as if this were this were normal.
• 43:07
  No. This has been a 52 year Fiat
• 43:10
  experiment, but on a historical time scale this has happened
• 43:14
  before. This happened to the Romans,
• 43:17
  right? You know you this happened to
• 43:19
  early you. This if you read the book
• 43:22
  Creature from Jekyll Island, he it brings up the example of how
• 43:28
  this happened in early America as well, right?
• 43:31
  You know this is a story as old as time.
• 43:33
  The state, the sovereign debases, starts debasing the
• 43:37
  currency and then there are, you know, there are societal effects
• 43:43
  to that. And it all kind of boils down to
• 43:45
  like the very, very beginning thing that I said, right?
• 43:50
  There's a group of people that have this crazy privilege of
• 43:55
  being able to create money for free that everyone else has to
• 43:58
  work for. That's it.
• 44:00
  And it and I know what a lot of people are going to say.
• 44:02
  It's like, no, there's not like a politician that will literally
• 44:05
  like, you know. Like, get that money directly
• 44:08
  into their bank account. Like, no.
• 44:10
  But you know, they'll give sweet deals to their friends, right?
• 44:14
  You know, and then those sweet deals will cost a lot more than
• 44:17
  the actual cost, right? Like, why is it that some
• 44:21
  politicians are worth 10s of millions of dollars and you know
• 44:26
  they've been living off the socalled government salary?
• 44:28
  Like how is that possible? I told you it's literally the
• 44:32
  money printer. You fix the money, you fix the
• 44:34
  world, you fix a lot of these issues.
• 44:36
  And I believe that El Salvador is prospering right now.
• 44:41
  And most importantly, I know we're over the target because of
• 44:44
  the of the legacy corporate media's reaction to El Salvador
• 44:48
  prospering and winning. That is because they've
• 44:54
  literally fixed they fixed an issue, they've made the bass
• 44:58
  layer sound. Right.
• 45:00
  This is what sound money is all about.
• 45:02
  So it's like it's not an over exaggeration.
• 45:05
  Fix the money, fix the world. And then another thing right?
• 45:08
  Because they're not. Some people are just going to be
• 45:10
  like Nico, like I don't give a shit you know?
• 45:12
  I got PayPal, I make enough money, I got Netflix, I got
• 45:16
  Venmo, I got cash app, I got all these things.
• 45:18
  I'm very fucking comfortable, Will soon it's you're going to
• 45:22
  have to pick and choose between a central bank digital currency
• 45:25
  future. And a Bitcoin future.
• 45:27
  I know it's a little bit obfuscated right now, but like,
• 45:30
  that's the future we're heading into.
• 45:32
  So you're going to have to choose as an individual what
• 45:34
  future you want to live in and what future you want your
• 45:37
  children to live in. So anyways, shout out to El
• 45:40
  Salvador. I suspect they're going to keep
• 45:42
  winning because I know what Bitcoin's done to my life.
• 45:46
  I know what Bitcoin's done to to my friends, the people around
• 45:51
  me. Look at what?
• 45:53
  Bitcoin has done to MicroStrategy.
• 45:55
  Look what a Bitcoin has done till Salvador.
• 45:57
  Do you think that's all a coincidence?
• 45:59
  No. We're all living on a
• 46:02
  deflationary currency, meaning our purchasing power increases
• 46:06
  over time, while everyone else is living on an inflationary
• 46:10
  currency, meaning their purchasing power continues to
• 46:13
  decrease over time. What do you think is a better
• 46:15
  way like Worldview and a better way to live it?
• 46:18
  It's just common sense, man. You know and of course anybody
• 46:22
  who's attacking this you have to ask like why are they attacking
• 46:26
  this? Will they obviously benefit from
• 46:29
  that money printer they're contillionaires.
• 46:32
  That's what the fuck is going on anyways.
• 46:34
  It's just common sense. But what do I know?
• 46:36
  We're just we're just we're just some humble Bitcoin YouTuber
• 46:40
  rumbler slash Twitter's I don't know maybe maybe we're seeing
• 46:44
  things that are not there. But let's let's see.
• 46:47
  Let's see what happens in a couple years, I suspect.
• 46:50
  I I suspect we might be, we might be saying we told you so
• 46:53
  again. Anyways, time for we're going to
• 46:55
  stay humble, Nico. We're stay humble, but but dude,
• 46:59
  it's hard to stay humble when they're just like you're wrong.
• 47:02
  You're you're crazy extremists like you're pieces of shit,
• 47:06
  you're anti laundering, money laundering, terrorism, like all
• 47:10
  that shit. It's hard to stay on.
• 47:11
  Wait, wait wait wait. They want a mic job.
• 47:12
  Best I can do some horns. All right, everybody.
• 47:17
  Time for the culture, the daily culture.
• 47:23
  Brought to you by swan bitcoin.com Swan is the best way
• 47:27
  to build your Bitcoin stack with automated Bitcoin savings plans
• 47:31
  and instant purchases serving clients of any size from $10 to
• 47:35
  $10 million. We love Swan because they
• 47:38
  incentivize self custody and dollar cost averaging.
• 47:42
  What are you waiting for? Visit swanbitcoin.com today.
• 47:46
  All right, everybody, I want to tell you.
• 47:48
  The largest Bitcoin celebration on the West Coast Pacific
• 47:52
  Bitcoin Festival. It's October 5th through the 6th
• 47:56
  in Los Angeles, CA. Current speakers include Jimmy
• 47:59
  Song, Lynn Alden, Greg Foss, Alex Gladstein, Corey Clipston,
• 48:03
  Preston Pish, Stacy Herbert, Max Kaiser, Stefan Lovera and many,
• 48:08
  many more to be announced. Opti and I are going to be
• 48:10
  there. You definitely don't want to
• 48:11
  miss this Bitcoin celebration. You can use the promo code
• 48:15
  simply to get 21%. Off your tickets to the Pacific
• 48:21
  Bitcoin Festival Anyways, Opti, What are we talking about today,
• 48:23
  brother? Hold on, hold on.
• 48:25
  How's this Comment, Mika? Where's your tinfoil hat?
• 48:29
  I guess so, dude. Like we're gonna make one.
• 48:31
  I'm gonna make one live on the show.
• 48:32
  I'm so jaded at this point, bro, that it's like like, it's like,
• 48:37
  it's super frustrating, bro. You understand?
• 48:40
  Like, so we cover this shit on a daily basis, right?
• 48:43
  Hold on, Opti. Make me full screen.
• 48:45
  We cover this shit on a daily basis, right?
• 48:48
  And they've been calling us crazy almost on a daily basis
• 48:53
  for like 2 years. So like when they get proven
• 48:56
  wrong, like over and over and over and over and over again.
• 48:59
  And then this time like it's so fucking apparent.
• 49:02
  I MF is like Argentina. Here's this bailout, it's it's
• 49:06
  going to save your problems. Nothing happens.
• 49:09
  Hard to seen a hyperinflation. And then IMF is like, we are
• 49:13
  sending in the experts, ladies and gentlemen.
• 49:15
  And El Salvador, it's unstable because they're adopting a
• 49:20
  Bitcoin standard like. And then the exact fucking
• 49:23
  opposite of what they say, they're socalled experts,
• 49:26
  happens, you know, forgive me for, you know, not being a
• 49:30
  little fucking. I told you so.
• 49:33
  Because dude, it's it's just ridiculous at this point.
• 49:36
  Like who are these experts? I bet you they get paid a fuck
• 49:39
  ton of money too. To the experts like, it's just
• 49:43
  so crazy. Wait, wait, Nico, how's this
• 49:44
  coming? You being right and you being
• 49:46
  crazy. You're 2 separate issues.
• 49:49
  All right, guys. Well, again Nico and I kind of
• 49:54
  don't really coordinate on our segments, but usually we're
• 49:59
  we're we're in in synchronization with it.
• 50:02
  And I think today's message is the same thing of we've been
• 50:06
  called crazy for so long and in reality it's the Fiat system
• 50:09
  that is crazy. And I brought a few tweets from
• 50:11
  some friends and I want to simplify this for the person out
• 50:14
  there that maybe is on the fence maybe doesn't understand what
• 50:18
  we're trying to do here. And it's really simple simple
• 50:20
  things that even I I'm pretty sure my mom was telling me when
• 50:23
  I grew up and I have a noster tweet here or post here that I I
• 50:28
  could have swore my mom told me when I was a child.
• 50:30
  Anyways let me let me get into this.
• 50:32
  So first tweet is by Eric Caisson.
• 50:34
  Absolutely love Eric Caisson one of my favorite bitcoiners.
• 50:36
  He does some of the best cosmic Bitcoin rant period.
• 50:40
  And he tweeted. Bitcoin is the triumphant return
• 50:43
  of truth to economics and the nihilistic world where lies,
• 50:47
  guile and deception rule all. Bitcoin calligetically exposes
• 50:52
  and deposes of the false value of Fiat for the whole world.
• 50:55
  The bear witness too. It cannot be stopped and will
• 50:58
  destroy Fiat. Is that not what we just covered
• 51:01
  in the new segment? Again, couldn't have picked a
• 51:04
  better tweet to follow that up. And then a coerce shouts out to
• 51:07
  our boy RDBTC and he goes in a world full of lies, Bitcoin is
• 51:11
  the truth. And what's this all have to do
• 51:13
  with this? Because I really want to angle
• 51:15
  this back to what should you be doing out there as an
• 51:19
  individual? And I actually had a
• 51:20
  conversation with one of my friends last night, also a
• 51:23
  Bitcoiner, and we kind of did the same thing where Nico and I
• 51:26
  just did. It's like, wait, are we taking
• 51:28
  crazy pills? Like we are looking out in the
• 51:30
  world? And what is there to do for the
• 51:32
  average person? Like what?
• 51:33
  What is there possibly to do? Is it to continue to expose the
• 51:38
  darkness? Or is it just to live a good
• 51:41
  life? Do what you can, as the saying
• 51:43
  goes, you know, build a parallel system outside of the normal
• 51:47
  system. And this is the only way, the
• 51:49
  roundabout way to succeed in life.
• 51:52
  And it got me thinking. And again, this is kind of going
• 51:55
  back to the zeitgeist at the moment.
• 51:57
  Right now of the average person is feeling the pain right now.
• 52:01
  I don't know if you've noticed, but if you go to the grocery
• 52:03
  store, I am like, it feels like I'm going crazy.
• 52:07
  Because a couple of weeks ago it seemed like the rib eyes I was
• 52:10
  buying was half the price. And now I can't even buy a rib
• 52:13
  eye because it's like, man, do I really want to spend $30.00 on a
• 52:16
  pound of rib eye right now? Like, this is crazy, like what's
• 52:18
  going on? And even as a bitcoiner, you go
• 52:21
  to the market, you go to the grocery store, you look at the
• 52:23
  things that you buy, and of course we know that inflation is
• 52:26
  a problem. But you you don't like
• 52:28
  day-to-day. You're the frog in boiling water
• 52:30
  and you don't realize that the prices are increasing slowly but
• 52:33
  surely and the average person out there doesn't know what
• 52:36
  inflation is. They don't understand the money
• 52:38
  mechanics of what is happening right now and why they are
• 52:41
  becoming poorer and people don't have savings out there, which in
• 52:45
  my opinion is absolutely insane and the majority of people are
• 52:49
  living paycheck to paycheck which blows my mind.
• 52:52
  And again I'm going to boil this back down to just what you
• 52:54
  should be doing as the person obviously focusing on the good
• 52:57
  in life and not really so much just sitting on all the
• 53:01
  negatives in life and and you know, whatever all that
• 53:03
  negativity, I can't do it. That's why I'm optimist fields
• 53:06
  in the 1st place. Anyways let's get to this tweet
• 53:07
  here we got Joe Carla sorry and he goes, this isn't important to
• 53:10
  remember or an important reminder when considering folks
• 53:13
  ability to buy Bitcoin. The vast majority haven't saved
• 53:16
  sufficiently in the boring old safe investments and he's got
• 53:19
  this chart here from CNBC. And look, I don't have a 401K so
• 53:23
  I'm probably part of the statistics, but I do save in
• 53:26
  Bitcoin and it's really about saving in any any vehicle at
• 53:30
  this point because people don't save.
• 53:32
  Or rather, people can't save because of the Fiat melting ice
• 53:36
  cubes that they find themselves in.
• 53:37
  Anyways, this chart here it goes. 401K balances in the US as
• 53:41
  of quarter 1/20/23 and we got Gen.
• 53:44
  Z here. The average is $7100, the median
• 53:47
  is $2500. So Gen.
• 53:50
  Z has no savings in 401K. Maybe they have some cash
• 53:54
  savings, but I would venture to guess that they have basically
• 53:58
  no savings out there. They are living for experiences.
• 54:02
  They're going out partying. They are, you know, getting
• 54:05
  their kicks on Route 66 as the boomers used to say, and then
• 54:08
  moving down Millennials. The average has $44,900.
• 54:12
  The median is $15,500. That's absolutely insane.
• 54:17
  Again, Millennials. We we are the young adults in
• 54:20
  the world and we have literally been or are the brokest
• 54:24
  generation yet until the Gen. Zers.
• 54:27
  So shots at the Gen. Z anyways.
• 54:28
  The Gen. Xers on average $145,500, the
• 54:32
  median $44,000 in 401K savings and Boomers, $215,000 on average
• 54:39
  and $61,200 median savings in 401K.
• 54:44
  So what's all this mean? It means everyone is broke out
• 54:47
  there and no one is saving any money because of the incentives
• 54:50
  of the Fiat system. It doesn't incentivize you to
• 54:53
  save, as the saying goes. And you'll hear this a lot on
• 54:56
  like money, money Twitter or money social media where it's
• 55:00
  like you can't save yourself to riches.
• 55:01
  And while I definitely agree, you need a good savings vehicle,
• 55:07
  which of course is Bitcoin, this is what we tell you guys all the
• 55:10
  time, fix the money, fix the world.
• 55:11
  And this is obviously angled more towards the person that
• 55:15
  maybe is a new Bitcoin or that that doesn't fully understand to
• 55:18
  you guys have been around you, you know these effects.
• 55:20
  Like Nico says, the only reason we know this is going to change
• 55:25
  not only countries and corporations and all the
• 55:27
  individuals out there is because it's done it for us.
• 55:29
  And we've seen how this has improved our financial
• 55:32
  situation, our savings. And again, I want to boil this
• 55:35
  back down to actionable advice. Like what can you actually do as
• 55:39
  a as a normal person? And again shouts out to my boy
• 55:42
  Nick. Can't mind because he tweeted
• 55:44
  this a couple of a week ago and I posted something similar on my
• 55:50
  Gnoster and I I didn't even remember he posted this, but
• 55:53
  we're on the same wave. Shouts out to you bro.
• 55:55
  Anyway, what's the actionable advice for you guys out there to
• 55:58
  improve your lot in life? And it's very simple in my
• 56:01
  opinion. You know, it's that roundabout
• 56:03
  way. Like, do you focus on all the
• 56:05
  negativity or do you just try to build something for yourself?
• 56:08
  And I would say that building something for yourself or as I
• 56:12
  like to say on a more spiritual sense, you know, spreading the
• 56:14
  light is the best way moving forward.
• 56:17
  Instead of exposing the darkness as a lot of people like to do
• 56:19
  anyways, Nico, spend less than what you make.
• 56:22
  Stay solvent, save extra money or extra income in Bitcoin, take
• 56:26
  custody of these coins, earn extra income where you can and
• 56:29
  live your life. This is, this is the fundamental
• 56:33
  basics. This is the blueprint of what
• 56:35
  you need to be doing to better your situation.
• 56:38
  Or as I said and I use the wisdom of my mother over here
• 56:41
  and I'm on snort social or a noster application, Noster
• 56:45
  platform and I I'm really enjoying Nasta recently Twitter
• 56:49
  seems like a cesspool so I'm I'm kind of going over to Nasta more
• 56:52
  and I just put this on on my nasta post.
• 56:55
  This is literally wisdom that my mother's told me my whole life
• 56:58
  and I I'm starting to reflect on my mother's wisdom of like wow,
• 57:02
  she really knew some things. Sorry for me being an asshole
• 57:04
  growing up. You were right mom.
• 57:06
  Anyways, this is. I swear I heard this my whole
• 57:09
  life. But of course in the field world
• 57:11
  you get lost. And this is such simple advice.
• 57:14
  Speak clearly, Dress well, get fit, eat good, save money, work
• 57:19
  hard, build relationships. Did you never listen to your
• 57:22
  money? It's so simple guys.
• 57:24
  Make sure your cash flow is going up.
• 57:26
  Make sure your excess is going into Bitcoin.
• 57:29
  Take that Bitcoin into self custody and go and live your
• 57:33
  life. Touch some grass, get outside,
• 57:35
  get fit, be worthy of the Bitcoin you're owning.
• 57:38
  This is what I think you are doing in real time.
• 57:41
  And if you're not doing this and you're wasting this time, I
• 57:43
  don't know what you're doing because this is the blueprint.
• 57:47
  And of course in the daytoday grind, you don't realize that
• 57:51
  you're actually being a part of like a revolutionary behavior
• 57:55
  spirit. And it's very interesting that
• 57:57
  the counterculture now is literally the opposite.
• 57:59
  It's like just save your money, eat good, get fit and and and
• 58:03
  you can see in the beginning in the numbers how this framing is
• 58:06
  being framed as some kind of you know, all right phenomenon.
• 58:10
  When really like this is what humans have been doing for
• 58:15
  probably forever if they were healthy aligned individuals with
• 58:19
  nature. And this is what it's all about.
• 58:21
  Fiat money has broken us away from from natural law, from
• 58:27
  reality, and now it is snapping back down to base layer and the
• 58:32
  only way you're going to protect yourself is by holding something
• 58:35
  that is obviously that can't get the base, that are censorship
• 58:38
  resistant. As the world gets crazier, we're
• 58:41
  seeing that something that you can truly own is something that
• 58:46
  you want to double down on. What's the saying?
• 58:50
  Diversify your portfolios to stay rich but go all in on
• 58:54
  something to become wealthy or I butchered it.
• 58:57
  But you know what I'm saying? Anyways guys, it's really
• 59:00
  simple. It's going back to Nick Camp.
• 59:01
  I spend less than what you make, stay solvent, save extra income
• 59:04
  in Bitcoin, take custody of these coins, earn extra income
• 59:07
  where you can and live your life.
• 59:08
  This is the message guys. I even I sent it to Nico.
• 59:12
  I think it was yesterday. I was like, you know, my my goal
• 59:14
  here is I want to give you the tools so that you can not watch
• 59:19
  simply Bitcoin. Obviously we want you to watch
• 59:21
  because it helps us, we want the views up, we want you guys
• 59:24
  entertained and involved. But really it's about getting
• 59:26
  the message hanging up the phone and go and live a good life and
• 59:31
  spread that signal because you are an example of what is good
• 59:37
  in life and and I want you to live a good life.
• 59:38
  I'm doing my best to live the best life possible, and it's all
• 59:42
  because I've aligned myself with Bitcoin, with this message, with
• 59:46
  this philosophy in life. And I'm not the only one here.
• 59:49
  Neither's Nico. Neither's you guys in the chat.
• 59:51
  So shouts out to South Michael Steele here and he goes.
• 59:54
  Not going to lie. I stacked through the whole bear
• 59:56
  and stayed solvent like a true pleb.
• 59:57
  I had a strategy for accumulating and stuck to it.
• 1:00:00
  I attribute this to having a routine.
• 1:00:02
  My routine created a habit, and that habit keeps my conviction
• 1:00:06
  raging on. I can go the distance and he
• 1:00:08
  goes, give here. My brain is better than
• 1:00:10
  everybody. Look, the point is.
• 1:00:14
  What is this breaking news? The point is guys, the blueprint
• 1:00:20
  is simple. It it.
• 1:00:23
  I can tell you how to do it. But the follow through is the
• 1:00:27
  hard part. It's like keeping a diet.
• 1:00:29
  Everyone knows how to keep a diet.
• 1:00:31
  You need to eat less. But in the day-to-day, is it?
• 1:00:36
  Is it easy? Like, no.
• 1:00:37
  You get cravings, you need discipline, you need
• 1:00:39
  perseverance. You need to have a goal and a
• 1:00:42
  reason and a purpose. And as I say all the time, once
• 1:00:45
  you know why you huddle, the huddle becomes easy.
• 1:00:48
  So again Oh my God get some cash flows up saving Bitcoin.
• 1:00:54
  Build businesses. Build your body into the
• 1:00:58
  ultimate version of yourself because people are going to look
• 1:01:02
  towards you. Big corners in my opinion are
• 1:01:04
  leaders in society and we are ushering in a whole new economic
• 1:01:08
  paradigm. So I, I again maybe I'm
• 1:01:11
  preaching and I'm on my soapbox and I and I sound like a you
• 1:01:14
  know street corner preacher here but or Saint Opti at what what
• 1:01:18
  what Jacob said St. Opti youth pastor leader.
• 1:01:24
  But it's very simple and and it just it's amazing how few people
• 1:01:28
  understand what is going on. And I think that as a bitcoiner
• 1:01:32
  we have a very true understanding of the nature of
• 1:01:37
  the beast right now, of the great Leviathan.
• 1:01:39
  And it starts with the money. And you need to get yourself
• 1:01:42
  financially free so that you can be the person you want to be.
• 1:01:46
  Like, stop being the Fiat slave. You need to opt out of this
• 1:01:49
  madness and build a parallel system, parallel behaviors,
• 1:01:53
  parallel habits so that you can withstand this great reset that
• 1:01:57
  we're going through. I don't know.
• 1:01:58
  I I think I ranted and I went off topic.
• 1:02:00
  But you already know the deal. Stacks that stay humble, stay
• 1:02:02
  solvent, live good, touch grass, eat good, have relationships,
• 1:02:06
  and literally business is nothing but relationships.
• 1:02:08
  Like be a good person, guys. It's so simple.
• 1:02:10
  And of course I'm I'm a flawed human.
• 1:02:13
  I fail at times as well. But like get what?
• 1:02:16
  Fall down 7, get up 8. This is what we're doing here.
• 1:02:19
  Just just try to be the best person you can.
• 1:02:21
  I don't know, maybe my mom will like this friend.
• 1:02:24
  I don't know. Get her out of here.
• 1:02:30
  I. Love you.
• 1:02:33
  Oh man. No.
• 1:02:34
  But dude, it's true, bro. It's it's, you know, the once
• 1:02:38
  you adopt A Bitcoin standard, you start thinking long term,
• 1:02:41
  right? And once you start thinking long
• 1:02:43
  term rather than, you know, short term.
• 1:02:46
  You know, it's it's about, you know, getting your health right,
• 1:02:49
  eating right, you know, planning for the future, not having to
• 1:02:57
  date central bankers to get close to the money spigot.
• 1:03:00
  Anyways, yeah, bro. Fucking.
• 1:03:03
  I loved it. Loved it.
• 1:03:04
  Good stuff. That was like a Friday op.
• 1:03:08
  Well, I we have a guest. We have a guest tomorrow.
• 1:03:10
  So we it's a Thursday rant. OK, it's a Thursday rant.
• 1:03:14
  All right, everybody, let's get the review.
• 1:03:19
  The Daily Meme Review brought to you by Kaboom Racks.
• 1:03:23
  I get this question all the time, Nico, where should I buy
• 1:03:26
  Bitcoin miners? The answer is Kaboom racks.
• 1:03:28
  It's the best place to buy Bitcoin miners.
• 1:03:31
  That's where you're going to find the best deals and the best
• 1:03:33
  prices. Start your mining utopia today.
• 1:03:36
  To check out their racks, you got to go to T dot me slash
• 1:03:40
  Kaboom racks. Join their Telegram group and
• 1:03:42
  start your mining journey today. Kaboom Racks.
• 1:03:47
  Stop. Yeah, you guys are killing me in
• 1:03:52
  the chat today. OK, all right, all right.
• 1:03:54
  This is good. This is a good show.
• 1:03:56
  I like this. All right.
• 1:03:57
  Anyways, you already know the deal.
• 1:03:58
  This is the meme review where you tag us on Twitter at Simply
• 1:04:01
  Bitcoin TV. Or you can tag my personal
• 1:04:03
  account at Optimist Fields. Whatever floods your bow.
• 1:04:06
  But tag me in the meme so I can get your meme up here, or I can
• 1:04:09
  get your favorite memes up here. But of course you can also drop
• 1:04:12
  them in our telegram group. T dot me simply Bitcoin.
• 1:04:16
  And as you can tell, we are in an information war.
• 1:04:20
  It's never been more important to propagate the memes, to
• 1:04:23
  propagate the truth, to propagate what you believe to be
• 1:04:27
  the ultimate signal right now. Because a lot of people are out
• 1:04:30
  there and they're feeling the pain guys, but they just don't
• 1:04:32
  know the solution. And even when you tell them the
• 1:04:34
  solution, they're going to fight you.
• 1:04:35
  So just be, you know, be humble, be tactful, but stand strong in
• 1:04:40
  your convictions. Because we are right and you
• 1:04:43
  know we will be the not so humble versions of us soon and
• 1:04:47
  say I told you so anyways, tweets of the wait, tweets of
• 1:04:51
  the bullets. I was going to say tweets of the
• 1:04:52
  mullets. Tweets are the bullets, Memes
• 1:04:54
  are the artillery Continue to spread the signal continue to
• 1:04:58
  spread the truth. We are in an information war and
• 1:05:01
  the powers that be have trillion dollars to continue to sigh off
• 1:05:05
  the masses. But we have truth on our side
• 1:05:08
  anyways. 1st meme is by my boy Apex aka Milan Drax 7 on Twitter
• 1:05:15
  and he goes here for longer until morale improves.
• 1:05:19
  And what is he showing this is? I'm sure you guys have all seen
• 1:05:22
  this. This is the Wall Street CHEAT
• 1:05:23
  SHEET psychology of a market cycle.
• 1:05:26
  But again, this is like a zeitgeist of the moment.
• 1:05:29
  And if you've never seen this chart, there's this is basically
• 1:05:32
  what what you see on the price chart as things move forward.
• 1:05:35
  You know, there's disbelief, there's hope, there's optimism,
• 1:05:38
  there's belief, there's thrill, there's euphoria as the price
• 1:05:40
  goes up. Then there's complacency,
• 1:05:42
  anxiety, denial, panic, capitulation and anger as the
• 1:05:46
  price goes down and starts to crab market.
• 1:05:48
  And then there's depression and disbelief.
• 1:05:50
  Well, APEC goes, we're going to be here for a longer until
• 1:05:53
  morale improved and it's anger. Who shorted the market?
• 1:05:56
  Why did the government allow this to happen?
• 1:05:57
  What is going on F you? You suck.
• 1:06:00
  You're not a real big hunter. Oh man, just love to see it.
• 1:06:03
  Yes, you. You gotta sometimes make light
• 1:06:05
  of the situation while you're going through it.
• 1:06:07
  What's the saying? Cry now or no laugh now, Cry
• 1:06:11
  later you. You guys know psychology is a
• 1:06:12
  hell of a thing. Anyways, this next one is.
• 1:06:14
  Make you smile, shut up. Get her out of here.
• 1:06:19
  God, I know you brought her up. OK, this next meme is by Ding
• 1:06:22
  Dong 3001 and he just goes stack harder and I think this might be
• 1:06:26
  a be an old meme. I feel like I've seen this one
• 1:06:29
  before, but you know, I grew up surfing.
• 1:06:30
  I grew up the ocean. I'm missing the ocean.
• 1:06:32
  I feel like SpongeBob and Sandy. Cheeks bubble like.
• 1:06:35
  Water. I do water.
• 1:06:36
  Anyways, we got a surfer here and he's looking at this huge
• 1:06:39
  wave and it's crashing right on the shore And it goes be ready
• 1:06:42
  stack sets because it is coming guys.
• 1:06:46
  The rocket ship is coming. Anyways, you know me anytime I
• 1:06:50
  see beauty on put a tweet up that it's a meme, I got to bring
• 1:06:53
  it on here. And this is kind of what I said
• 1:06:55
  in the culture and this is kind of what we said in the beginning
• 1:06:58
  of the show as well. And he just goes all cap Bitcoin
• 1:07:01
  and then there's a picture here of a plaque or you know sign and
• 1:07:05
  he goes, I can explain it to you, I can explain Bitcoin to
• 1:07:08
  you, but I can't make you understand Bitcoin.
• 1:07:12
  But he goes, I can explain it to you but I can't understand it
• 1:07:14
  for you. We can tell you all the Bitcoin
• 1:07:17
  signal but I can't force the understanding of why we Bitcoin
• 1:07:21
  on you. It's obviously a personal thing
• 1:07:24
  and and This is why I'm kind of learning and growing and
• 1:07:27
  maturing and being like you know have some tact out there.
• 1:07:30
  Understand that you are talking to a brick wall but you need to
• 1:07:34
  say it anyways. OK, there's an ex meme is by
• 1:07:37
  Maxie's club and this is a play on this Steven Crowder.
• 1:07:41
  You know sitting there and pissing off people with his mug
• 1:07:44
  and change my mind meme. But we have a bull here and he's
• 1:07:47
  sitting there with his good morning mug and a green candle
• 1:07:50
  on the table and it goes. Bitcoin has been in the bull
• 1:07:52
  market since 2009. Change my mind.
• 1:07:58
  This is the way. Okay this next one.
• 1:08:00
  This is attributed to the Bitcoin conference but it's
• 1:08:02
  really our boy, the Bitcoin therapist aka the BTC therapist
• 1:08:06
  on Twitter. And he goes, and but the reason
• 1:08:08
  I really brought this one on, not so much about the meme.
• 1:08:10
  Because you can see here we have Jay Powell over here and all
• 1:08:13
  these people in line for more dollars and the Canteon effect
• 1:08:16
  and they're printing more dollars and giving it to their
• 1:08:18
  friends. And then they're invested in
• 1:08:20
  their friends stock and then their money goes up and they get
• 1:08:22
  richer and we get poorer because they have debased our currency.
• 1:08:26
  And then we have Satoshi, aka Dorian Nakamoto over here with
• 1:08:29
  the Bitcoin Lego and we have a Bitcoin sign guy and some
• 1:08:33
  Bitcoin chads and we have El Salvador and yellow.
• 1:08:36
  Wow, I didn't see yellow and the little hoddler and some more
• 1:08:39
  laser eyes. And then you who work at
• 1:08:40
  McDonald shouts out to you and Infinity over 21,000,000.
• 1:08:44
  But really, I like the quote here.
• 1:08:47
  Of course you guys know I'm a philosopher by trade, no longer
• 1:08:50
  a philosopher really, but it's a quote to Aristotle.
• 1:08:53
  And it goes choice not chance, determines your destiny.
• 1:08:57
  And I wanted to bring this one up because of the culture.
• 1:09:00
  The choices you make today have ripples into the future.
• 1:09:03
  So really audit your choices guys.
• 1:09:06
  You know, consider yourself lucky, but make the right
• 1:09:09
  choice. Do not get into the victim
• 1:09:12
  mentality. Your choices make up your
• 1:09:13
  destiny. Guys, this is very simple.
• 1:09:15
  Anyways, this next meme is by bit art with like I think it's 3
• 1:09:18
  underscores on Twitter at Bitart.
• 1:09:20
  Under score. Under score.
• 1:09:21
  Under score. And it goes #Bitcoin.
• 1:09:23
  And we got a meme here of Morpheus walking.
• 1:09:25
  And it goes when someone asked why I stopped talking about
• 1:09:27
  Bitcoin to friends and family. And Morpheus goes most of these
• 1:09:30
  people are not ready to be unplugged.
• 1:09:32
  I think there's a theme here guys.
• 1:09:34
  I don't know, maybe it just kind of exposed itself in real time.
• 1:09:39
  Anyways, this next meme was in our telegram group and it was be
• 1:09:44
  long must in our telegram group. Shouts out to you bro.
• 1:09:47
  And you know me. I absolutely love Thomas Soul.
• 1:09:49
  I think he's one of the best economists.
• 1:09:51
  He go watch him on YouTube guys. Get your mind right and listen
• 1:09:55
  to some Thomas Soul. Anyways, you got to quit quote
• 1:09:58
  here and it goes. What is your fair share of what
• 1:10:00
  someone else has worked for? Just absolutely so simple.
• 1:10:05
  So succinct, and yet people will still get mad at a simple tweet
• 1:10:10
  like that. Simple simple quote like that.
• 1:10:12
  Anyways, my meme review score actually drop yours over there.
• 1:10:15
  The other side of Nico. Yeah.
• 1:10:17
  See it's it's mirrored. It's mirrored on that side and
• 1:10:20
  we will cover it live. OK, mine is this remote.
• 1:10:24
  I have this this color changing LED light because you know, I
• 1:10:29
  like, I like putting colors and vibes in my room sometimes at
• 1:10:32
  night. And yeah, I got multiple colors
• 1:10:36
  here. All right, my meme score is Opti
• 1:10:40
  Christie doesn't buy rebuy. I will buy you rebuy.
• 1:10:43
  You don't wanna date with me? Hey, I'm OK with the sugar
• 1:10:48
  daddy. Look at me up.
• 1:10:51
  D Get it away. Get it off the screen.
• 1:10:54
  All right, all right, let's see. Let's see.
• 1:11:01
  Do we have? OK.
• 1:11:02
  What? Oh, dude, I'm getting torn up in
• 1:11:05
  this chat today. Oh, man.
• 1:11:07
  OK, All right, all right. It is what it is.
• 1:11:09
  It is what? Oh, also, Nico, Elaine really
• 1:11:11
  wants some music. Daft.
• 1:11:13
  Daft. I know you're in the chat.
• 1:11:14
  We need some music. No, it's dark.
• 1:11:18
  It's dark. They like dark.
• 1:11:20
  It's like, it's like, oh, it's back, oh.
• 1:11:27
  OK, everyday walking with Christ, I give the memes my 24
• 1:11:30
  words in perfect order till all my Bitcoin remaining on my
• 1:11:34
  Ledger Nano S Wait I think. Wait wait wait.
• 1:11:37
  Hold on. Hold on, hold on, hold on.
• 1:11:38
  I think he said he dropped his Ledger yesterday like he
• 1:11:41
  changed. There we go, more appropriate.
• 1:11:45
  All right. Next one did War of the Worlds.
• 1:11:51
  I like. I like this.
• 1:11:52
  Keep going. Go, go.
• 1:11:53
  Give. The names opti's call Chrissy.
• 1:11:56
  Mommy. No, no.
• 1:12:01
  Next one. Next one.
• 1:12:02
  Next one. All right P man, Van I give the
• 1:12:05
  memes a Bukele style cleanup on the IMF.
• 1:12:08
  Little diaper would look good on Carsten's.
• 1:12:11
  Oh my Joe, you guys are crazy. Elaine as banks are forced to
• 1:12:15
  admit they are thieves and have no funds.
• 1:12:17
  People reject their Fiat, Cbdc's and Bitcoin take over over and
• 1:12:22
  the world heals. I agree.
• 1:12:23
  I really do believe that if people are given the fair
• 1:12:25
  choice, they will obviously choose Bitcoin over Cbdc's.
• 1:12:29
  DJ Ronan meme Score some horseradish sauce for Opti and
• 1:12:34
  Chrissy's makeup. The Porterhouse isn't worth the
• 1:12:38
  extra size. Oh man, I love horseradish
• 1:12:44
  sauce. That's delicious.
• 1:12:46
  I give the Meme Souls photography exhibition Very,
• 1:12:50
  very nice. Very very, very nice.
• 1:12:53
  Planet Earth. I give the memes a block for
• 1:12:55
  liking them. I YKYK.
• 1:12:59
  Apollo, I give the memes and ammo box carnivore bar edition.
• 1:13:03
  Oh, OK Did you get one? Let's go.
• 1:13:06
  Victor Salazar fructose syrup daddy for opti OKOK.
• 1:13:13
  Very, very nice, yo. Very, very Marco.
• 1:13:18
  I'll see you tonight at the Swan Salon in Miami.
• 1:13:22
  But yeah, man. Oh yeah, it's.
• 1:13:27
  It's the buzzer. It's the buzzer.
• 1:13:28
  Anyways, guys, if you enjoy the show, you know what to do.
• 1:13:30
  Smash that like button. Consider subscribing if you feel
• 1:13:33
  like we provided you value. But the number one thing you
• 1:13:35
  could do to help push the peaceful Bitcoin revolution is
• 1:13:37
  share this content. In fact, share all Bitcoin
• 1:13:40
  content. Smash the like button.
• 1:13:41
  Comment down below. Share this video with your
• 1:13:44
  family and friends. I'm your host, Nikos, My cohost
• 1:13:46
  Opti. We will back.
• 1:13:48
  We will be back tomorrow, 12:15 PM Eastern Standard Time for
• 1:13:51
  another episode of Simply Bitcoin Live.
• 1:13:53
  Peace out, y'all. SMS Khan.