Latest / Simply Bitcoin / How Jack Mallers is Leveraging Bitcoin to Change Payments Forever | EP 465

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How Jack Mallers is Leveraging Bitcoin to Change Payments Forever | EP 465 · Simply Bitcoin

0:07
Welcome back everyone. We're simply Bitcoin.
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We break down the news. The daily fail mean review.
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Software releases Hardware, releases the pleb sites and now
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we are diving into the numbers. Let's do it brought to you by
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The Ed means faster reclaim ownership of your money, run
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use its privacy focused remove third parties from the equation
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completely. Remember if you're not running
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your own Bitcoin note, you're running someone else's, get
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yourself a novel today at the time of this recording, the
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block height is 730 2030 the Bitcoin price 40,000 325 chain
0:55
rewrite days 741, total public lightning capacity 1620, 8.47
1:02
Moscow, time 2480 blocks to The Happening 107,000 970.
1:09
And the samurai Whirlpool unspent capacity, which is a
1:14
collaborative spend or coin service.
1:18
It is not a mixing service and the unspent capacity in that
1:21
pool is 4500 26.67. The numbers Nico, we are just
1:28
weird--, just hang Eddie nothing's changing, dude.
1:33
They should just I think Bitcoin is the stable coin but without
1:37
you know, the control censorship and all that, right?
1:40
And it's just so I agree. Anyways, Phil I got really
1:44
interesting video. Let's check it out.
1:47
It's one of the, it's one of the only mainstream Legacy Media
1:52
reporters that actually does a pretty good job covering Bitcoin
1:56
and her name is to give her credit is Mackenzie The sigalas,
2:01
right? A lot of the articles that we've
2:04
covered like the, you know, like the estimated 10%, hash rate
2:08
still located in China also, the, you know, the, the Afghan
2:13
he's using Bitcoin, right? That is all.
2:16
Thanks to her. She wrote all those articles.
2:19
So, shout out to her anyways. I think she had a little bit on
2:22
the CNBC shit coin World Plus Bitcoin.
2:26
Let's check out what she has to say.
2:28
I thought you guys would find it.
2:29
Valuable okay let's do this. So we're going to try
2:34
transferring Bitcoin via the lightning network from Miami and
2:40
you know, Bitcoin week here in Miami to Poland.
2:44
So the first step is to download a crypto wallet.
2:47
She's going to download the moon wallet when that pretty 8 in
2:52
your wallet. Yeah.
2:58
Let's go. Okay, I just took a photo of it
3:06
and I'm uploading so 50,000 that's which is the equivalent
3:12
of twenty three dollars. So about to send that over and
3:15
then you just hit. Hey, yeah, because of Milady mom
3:20
would be no more dispersed to promote business.
3:27
Yeah, she got it. Yes - okay, okay.
3:35
So then part two is going to a Bitcoin ATM to withdraw the
3:38
money in Poland and local fiat currency.
3:47
Yes, you can. What did I do?
4:06
Didn't you? So shout out to Mackenzie
4:15
awesome reporting dude. So anybody that says That
4:22
Bitcoin is useless. Just remember that laughs from
4:27
that Ukrainian Refugee. Essentially escaping the war
4:32
hiding in Poland. And it was, it was an
4:36
interesting laugh because it was a nap.
4:38
I was a life of Joy, but in also laughs of disbelief, right?
4:42
And it was all done through Bitcoin, hopefully people will
4:48
realize that the last step which is converting Back to Fiat,
4:53
which is the currency that limited you in.
4:56
The first place is unnecessary, but that is the future and it's
5:01
absolutely beautiful. No censorship there.
5:04
No one asking. What the hell is the deal?
5:07
It was direct peer-to-peer know going through, government's
5:11
know, going through banks. And yeah, man, it's absolutely
5:14
beautiful. And that is what, you know, Phil
5:17
and I fight for peacefully every single day.
5:20
And I think that every single bit Joyner is taking part of
5:24
this, whether they realize it or not only, if you take self
5:27
custody of your Bitcoin, right? So this is the future in front
5:31
of us, we just kind of have to get through the bumpy.
5:34
Fuck, the government. The government is going to fight
5:36
back part anyways, fill because they don't want to give up
5:39
control of printing their own money.
5:41
That's a lot of control, right? Anyways, Phil, what are your
5:44
thoughts on that? Are you your kind of little
5:46
skeptical because I know your facial expressions at this
5:49
point. Hit me bro.
5:51
Hit me. Okay.
5:52
Not skeptical. Okay, great.
5:54
Reporting right? Great job, McKenzie, like you
5:56
said, for the tinfoil Hatter's out there.
5:59
Why $23 like people who follow the, you know, who follow
6:03
conspiracy theories and discordianism will recognize the
6:08
weird part about the fact that it's for some reason. 23, why
6:11
not 25? Anyways, just saying very
6:14
strange. The number 23 times it is.
6:16
Okay, what do I can't even go down that rabbit hole?
6:19
It's gonna have to stay as a mystery and the people who
6:21
decide to start digging into I know you said it, what the fuck
6:24
is 23? Is that some?
6:25
That's right shit. Like I've no idea.
6:27
That's the problem. That's the weird thing, you'll
6:29
just you'll notice, and then once you see it, you can't unsee
6:32
it. Okay?
6:32
But oftentimes in media, the number 23 is used okay.
6:36
Or variations of at 2332 the number five.
6:40
Anyways, I digress besides that. Okay, besides my weird film do
6:44
well, half of not telling us that's that's that's upsetting
6:48
any? Well, besides the weird tinfoil
6:50
hat stuff, okay. That was extremely powerful.
6:54
And after the experience that I have been going through over the
6:57
last three weeks trying to get money from Canada, here to the
7:01
US, seeing that lady do that. So quickly really makes me happy
7:07
and really upsets me that we've let the system get to where it
7:10
is right now. Why don't you guys give a little
7:13
little example of because I know you you, okay, you told the
7:17
story of, you know, the the bank crediting you more money.
7:22
In that, you should. But why didn't you tell, tell
7:25
everybody, kind of your experience of, you know, moving
7:28
your money from that because you immigrated to the us, moving
7:31
your bodies from Canada to the US.
7:33
How has that bit? How has okay also spend.
7:36
So this has been actually in terms of banking, it's been one
7:40
of the worst experiences I've ever had because I'm being
7:42
limited by the the bank itself. So, just to give people an idea
7:47
as having like, a normal bank account, right?
7:50
I don't have any, you know, special kind of privileges.
7:52
It's just a, you know, standard bank accounts, I linked to an
7:55
investing account right? Where I could buy stocks in
7:58
Canada. And essentially, if I want to
8:01
wire money from that bank account, I can only wire a
8:04
maximum of twenty five hundred dollars per day Canadian.
8:08
And the interesting part is it's the fee is a minimum of $10.
8:14
So that means the fee could be higher 2010 dollars for every
8:18
2500. Okay.
8:20
Now instead what I've done, okay, because I don't feel like
8:24
going through this and not to divulge the amount of money,
8:27
okay? But you know, let's just say
8:29
it's like a few thousand, you know, it's like, you know, let's
8:32
say, let's say 20 or 30 thousand dollars.
8:35
Okay, I can use it what's called in Canada and interact
8:39
transaction, okay? And there, it's two thousand
8:43
dollars, but it's completely free.
8:45
So what I did was was that I set up a bull Bitcoin account
8:49
because I am still a Canadian resident.
8:50
I still have, you know, my paperwork and everything.
8:52
A thing, as I set up a bull Bitcoin account and that way, I
8:56
transfer the money from my Canadian banking account to the
8:59
bull Bitcoin account. And from there I buy Bitcoin and
9:02
just send it to a Bitcoin address and that's it and it
9:06
comes right over. It's nice and simple and I don't
9:09
have to deal with any other crap and to send it to an address.
9:11
If I decide to do an Express transaction, it literally cost
9:14
me between 65 cents and a dollar for every 2,000 dollars.
9:19
Canadian that I send. So, we are talking Magnitudes.
9:23
Okay, we are talking 10 times less fees to send the exact same
9:27
money and not deal with their shit.
9:29
Because as Nico alluded to, I've had several problems in this
9:33
process when I tried to sell my well, after I sold my stocks and
9:37
I had to request because I couldn't do it myself.
9:39
I have to actually call in to the bank and request that they
9:41
move my funds to my checking account.
9:45
They screwed up and they instead withdrew that amount from my
9:48
checking account and moved it to it.
9:51
My investing. Count, which is impossible
9:53
because I don't have that money there.
9:55
So interestingly enough this goes to the rules for the and
9:57
not for me thing because the bank between itself, simply went
10:02
ahead and moved over 30,000 dollars that I didn't have and
10:06
then proceeded to charge me a fee for not having that money.
10:10
So I have to argue with them about this, okay?
10:13
So this has been an absolutely horrendous experience, keep in
10:17
mind, okay? If had I have maybe tried to
10:20
feed my family and had gone into my own Draft.
10:22
I have a two thousand dollar overdraft on that account.
10:25
How do I tried to go over that? Two thousand dollars?
10:27
They would have blocked me but because it was their institution
10:31
going to their institution, they allowed an entire rule break to
10:36
occur. And all they do is apologize.
10:39
And you know, with a click of a button, change the numbers and
10:43
all gets better. That should scare the shit out
10:45
of everyone that really should scare everyone.
10:48
Anyways, I could keep on going about this story Niko you know
10:51
because I tell you all the time. It's not even over yet.
10:54
No. And it's absolutely terrifying
10:56
because and you were you were actually the one that told me
10:59
this if they limit you so hard, Is it really your money?
11:07
Is it really, really your money because the way that they're
11:11
really acting, they're really acting as if that's their money.
11:16
And if you behave nicely as a good little Citizen and you eat
11:19
your bugs, like you're told Then maybe maybe you could have
11:38
access to your money but only in small quantities because over
11:42
2,500 then you could become an economic terrorist somehow.
11:48
And if you're really that nefarious, you might be buying a
11:51
lot of Bounce bouncy castles, right Phil.
11:54
So yeah, man, it's absolutely clown world.
11:58
This is what we mean by the peaceful Revolution.
12:01
This is what you're fighting for peacefully every time you buy
12:05
Bitcoin and you take it into self custody, you are defunding
12:10
their evil system of exclusion, that gets to decide if you're
12:14
entitled to use money or not based on where you happen to be
12:19
born and that's really, really messed up.
12:22
But anyways, Phil it's time for the daily fail brought to you by
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Amber. A Check them out, Amber dot app,
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low fees, Fair spreads smart automation, you can stack, the
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Schiff. The link is down below ammo,
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smart ways, that sounds. All right guys, it's been a
12:42
while since we've, you know, since we've taken a look at
12:45
some, some funny rug poles, I know it's not funny for the
12:48
people who got rug pulled, but I digress.
12:51
Here we go. April 11th 2022.
12:54
What are we taking a look at here?
12:55
Still sleeping on elephant money.
12:57
Take a look. This is an ad from elephant
12:59
money. Introducing the shit coin where
13:02
you can only buy tops, 3, insanely bullish reasons.
13:05
Why elephant money token keeps going up.
13:09
Bullish reasons, here we go. Utility number two, the biggest
13:13
elephant money. Whales are owned by the
13:16
platform. I don't know what that means.
13:18
I know it's bad, but they're saying that's good.
13:21
Number three, the community, the community.
13:26
It's not just a bunch of paid shills.
13:30
What happened here? Oh, look at that.
13:32
This is the actual. They're running out of names.
13:35
They're running out of names. Oh, look at this.
13:38
The running out of names, bro, elephant.
13:40
No man. That that's - 87 percent the
13:43
next day. The next day after they told you
13:45
to buy the token after they Shield the token, here we go. -
13:49
87 percent, what happened, what happened?
13:52
Oh, gosh Relic. Right after they told you to buy
13:55
it, run full-time, hackers at Elephant money defy platform,
14:01
they steal over 11 million dollars, Nico, that's right,
14:06
elephant money, the defy protocol.
14:09
Behind the elephant token has said hackers have stolen 11.2
14:12
Million worth of by Nance coin. There's a prominent team that
14:16
were aware of weaknesses and stood by and did nothing at your
14:20
expense even after I and other community members asked them to
14:25
disclose. So check this out people.
14:28
That's right. This is someone else's fault,
14:31
right? This isn't the fact that they
14:32
that the creators of this made a garbage platform that could
14:35
easily be rug pulled through the same mechanisms that rug pull
14:39
all defy shit coins. No, this is, this is the few
14:43
people who knew about this problem.
14:45
That that didn't say anything. It's really their fault that
14:48
everybody got rug pulled. It was a traditional price
14:51
manipulation attack in which the attackers borrowed wrapped by
14:54
Nance coin. Here we go in a Flash loan and
14:59
Did it for thousands of elephant tokens.
15:02
Oh my gosh. No way another flash loan
15:07
another rug pull you gotta love it, right?
15:11
Any thoughts before we any thoughts before we dive into
15:14
the, the next one here, because the next one's going to get,
15:16
it's going to get pretty muddy. I'm concerned because the shit
15:20
miners are running out of all the good names, right?
15:22
You know, you don't like elephant coin.
15:24
I know that's what I'm trying to say is money.
15:26
Elephant money. I'm sorry, they went through
15:28
kid. Yeah, they went to transhuman
15:30
one. They went through baby token,
15:32
right? Avalanche or they're gonna run
15:34
out of nouns that's just that's just a fact.
15:37
They are going. Yo, are they gonna go to
15:39
adjectives after? What about the elephant token
15:43
Wales. Hmm.
15:45
What do you think about that? Those are the people.
15:47
I mean, you read that, right? Those were the one of the
15:49
reasons to buy this platform. You're right that the by the
15:52
shit coin. Yeah, the whales hold the
15:54
majority. Well the Elephant elephant,
15:59
whales wrecked the elephants. There was an elephant in the
16:05
room and it wrecked everyone in the room.
16:08
Sure did. All right, well now we're gonna
16:10
now we're going to wrecked our searches here we go.
16:14
The embarrassment that is DuckDuckGo.
16:16
That's right. You know I'd have to bring this
16:17
up right. Alright so at 4:02 payment wreck
16:20
that's right. Shout out to you bud.
16:22
Right Bitcoin or here we go. Delete at DuckDuckGo.
16:25
Indeed you are correct. It really sucks.
16:27
I enjoyed that platform for a long time.
16:29
Installed it on my phone to I was so happy that I what I
16:33
thought. Art was a platform where my
16:36
search results weren't being censored where I thought.
16:39
Anyways, I digress. Let's let's dive into this.
16:42
Let's dive into this shit show dr.
16:44
Co-ceo Gabriel. Weinberg has announced that the
16:46
search engine will begin purging.
16:48
All Independent Media Outlets from the platform and will
16:51
replace them with trusted mainstream in Brackets.
16:56
Corporate owned media Outlets instead.
17:01
That's right. Corporate owned media.
17:03
Outlets. So this isn't the first that
17:06
this isn't the beginning of the censorship from DuckDuckGo.
17:09
If we go back to March, 10th 2022, which really isn't that
17:13
long ago? It's a little bit over a month
17:15
and five days. Alternative search engine
17:17
DuckDuckGo will sensor sites associated with Russian
17:22
disinformation. Now this isn't the reason why
17:24
we're pointing this out buried in this article is some very
17:28
interesting signal because you have to think to yourself, why
17:31
why does Gabriel Weinberg, why does the CEO mention this and
17:35
why is a quote unquote privacy Centric?
17:40
Search engine? Why are they censoring search
17:43
results? What's behind this?
17:45
Now, let's dive into this article.
17:46
That's right, I had to scroll down a whole lot to get to this
17:49
point right here. So we're going to talk about the
17:51
Investments, the investments in DuckDuckGo, right?
17:54
Because you always got to follow the money.
17:55
Who invests in them, The Inquirer stated that Weinberg
17:59
had boasted of the company. Receiving a Litany of
18:02
high-profile new Stirs such as Tim berners-lee, the Oxford
18:07
trained boston-based computer scientist.
18:10
Credited with inventing, the internet's World Wide, Web Mitch
18:14
Kapoor founder of Mozilla, right?
18:16
And we saw what Mozilla is doing with the, the ESG coins, okay?
18:20
And Brian, Acton founder of WhatsApp, which was acquired by
18:23
Facebook and 2022. Now this is the this is the
18:25
signal right here berners-lee or Tim berners-lee is a listed
18:30
agenda author for the globalist block.
18:34
World economic Forum, so there you go.
18:39
And keep in mind, right? He's he's an agenda author for
18:44
them so he creates literature for them and is a major investor
18:50
for doc doc. Oh now don't get me wrong, don't
18:54
get me wrong. It's loose.
18:56
It is loose. But at the same time, you have
18:59
to ask yourself, why are all why is it that every single
19:03
organization regardless of its loose, or not, loose affiliation
19:08
to the world, economic Forum. Why do these organizations all
19:12
seem to be the enemies of freedom and the enemies of
19:15
Bitcoin. What is it?
19:18
And the only tie that we seem to have is the world economic Forum
19:22
in every single one of them, I digress.
19:28
Dude spot on like always it's just this is The Great Battle of
19:34
our time, right? This is what, you know, I said
19:36
this at the Bitcoin conference I'm going to say it right now.
19:39
This is narrative trench warfare, right?
19:42
The official source is the official institutions are a lot
19:45
easier to capture than you know, independent millions and
19:50
millions of billions upon independent content creators
19:53
spouting out the truth, right? So you have the establishment
19:57
Enabled by the concealing effect.
19:59
Feed the Fiat system trying to essentially control the
20:03
narrative control would people think right?
20:06
But the internet is making it very difficult for them to do
20:09
so. So what they're trying to do is
20:10
to try to capture every single platform, whether that's YouTube
20:14
whether that's Google right? And the DuckDuckGo people were
20:17
just fleeing Google to use DuckDuckGo because of how bias
20:21
it was and now slowly. But surely what I said, a month
20:25
ago when they first started selling Certain stories about
20:28
Russia hiding behind the moral virtue.
20:30
Of course, there's a slippery slope to censorship, and of
20:34
course, they start there. It's going to keep going.
20:38
It's going to get worse. So, you know what sucks for
20:40
them? Though, someone else will just
20:42
build another platform and they're going to have to go and
20:45
do it again, right? So it's a game of whack a mole
20:48
for them and I don't know how long they could keep this up
20:52
because there will come a day whether it's five years from
20:55
now, whether it's 10 years from now with ER, it's 15 years from
20:58
now that the bitcoiners are going to have enough wealth and
21:02
influence, right? And then by just following their
21:05
own incentives, are going to be funding for Freedom platforms,
21:10
right? We're seeing something similar
21:12
with what's happening with elon's attempt to acquire
21:15
Twitter even though he's offering, you know, a 38
21:18
percent, premium to acquire the platform, all the docks, all the
21:23
corruption is just coming out of the woodwork and they're just
21:26
attacking. Why is They're attacking it
21:28
because they cannot give up control of the Public Square
21:32
that if they give up control the Public Square.
21:35
All those narratives that they try to paint all the way that
21:39
they they just Brainwashed the NPC's that ability to do that is
21:43
fit is severely diminished in a freedom of speech environment.
21:49
Now here's the thing, right, and it's bitcoiners I think we
21:52
fundamentally believe this. If it's centralized, it can be
21:56
captured. Richard, that's what makes
21:58
Bitcoin so special because it doesn't matter who you are, how
22:02
much Bitcoin you hold, right? Which is what proof of stake is,
22:07
you don't have influence over Bitcoin and you can't decide
22:12
what speech also known as transaction is okay or not.
22:17
So, and I forget who said this right companies are networks.
22:22
Can't be censorship resistance. But protocols the camp, right?
22:26
So yeah. And this is just, this is just,
22:29
it's a sad, sad world and these Maniacs Central panners of the
22:34
world economic Forum, dude. Like they're going full at it,
22:38
right? And if that doesn't make you
22:40
want to buy Bitcoin and opt out even more, I don't know what
22:44
else to tell you. I, you know, as you were as you
22:50
were explaining that I was thinking of I was thinking of
22:52
one thing, right? I was just thinking about the
22:53
money Printing and how this enables this.
22:55
So one of the things is that that we constantly have to seek
22:59
Alpha in our current system. Alright.
23:01
And Seeking Alpha is seeking profit.
23:03
Okay. So we have no choice but to seek
23:06
Alpha because the money is worth less and less and less.
23:09
So even the even the organization's with the best of
23:12
intentions, right? Unless they are entirely
23:16
independently funded, okay or independently wealthy
23:20
organizations. They are at some point going to
23:23
take money from somebody that has less than noble.
23:27
Games with that organization. And as soon as they do that
23:31
they, there's a seat at the table for that person and that
23:33
person or group now has a voice. And, and now has an opinion as
23:39
to how the business gets done rights.
23:42
Like, I mean, look, I worked for a public company.
23:45
You, you answer to the board of directors.
23:48
You know, at the end of the day, like yeah, the people they put
23:50
in front of me, is the CEO, right?
23:52
That's where they put in front of us, but the CEO answers to
23:55
the board of directors. Okay, so I just look, you know
24:00
what, I, I know that people made a comment, right?
24:04
Because Elizabeth Stark was on the world economic Forum thing,
24:07
but she was, you know, she was really listed there as like just
24:13
a random person, not even a contributor, right?
24:15
Because they gave an award to Lightning Lad.
24:18
For, you know, whatever Innovation, but these other
24:22
people every single time we point out.
24:24
These, these people, they all seem to be like, this guy's an
24:28
agenda contributor. You know, the the lady that sits
24:31
on the board of directors for the etherium foundation is the
24:35
head of their Global blockchain, you know, counselor committee
24:39
like this isn't just like some random person, you know.
24:43
So I don't know why these people are there.
24:46
I mean, I guess I can obviously I could say, I know why?
24:48
They're there to push their stupid ridiculous agenda.
24:51
But I guess what I'm saying is that I don't understand how
24:55
nobody else is calling this out over and over again.
24:59
I can't believe that people are just silently sitting idly by
25:04
Yeah, it's crazy, man, it's crazy, it's sad.
25:08
But you know, like we always say in a world full of Darkness.
25:12
Bitcoin is always there, The Shining orange light of true.
25:16
Anyways, Phil, there was an open source know.
25:18
There was it, it's time for me because at the end of the show,
25:22
The Daily meme review, The Daily me, my review is brought to you
25:25
by sitting out 21. They are the best.
25:28
Bitcoin cultural Zine every every volume has different
25:32
artwork. This is the Work for volume 11.
25:35
It's black and white. This is the artwork for volume
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10 and their scarce is only 1,000, physical copies made per
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volume. Get your print of Citadel 21
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today before they run out. All right, everybody.
25:48
Welcome to the meme review. When we review memes because
25:51
it's a Bitcoin review and we review them and we give them
25:54
scores with the scores are memes themselves.
25:57
First meme is brought To Us by the pleb King even though he
26:01
would cringe if I called them that pirate Beach.
26:03
Each bum, and it is a Marco rothko, painting titled, yellow
26:09
and blue, sold at a New York auction for forty six point five
26:12
million dollars, okay? Laundering, bloody basically
26:17
take something worthless and give it value.
26:22
That's pretty accurate though. I mean that is what that is.
26:24
Let's be honest. Isn't that Pinnacle fiea though?
26:27
Yeah. Yeah.
26:28
This is yeah, dude. I get listen, I buy art from
26:32
bitcoiners all the time and it that art it's our, this shit,
26:36
it's not cheap. Okay.
26:37
But it's also not 46 million dollars.
26:41
No. But it it's also like full of
26:43
symbolism. I mean, this is just useless
26:45
nonsense, I guess artists to the beholder, right?
26:48
And that's why it's so hard Avant, sorry.
26:51
That's not, there's no Beholder there, that that's just a lie.
26:54
They tell themselves anyways or maybe they're using it to
26:57
launder money but hey, remember Bitcoin is the problem.
27:01
Anyways, I love this template, I'm a bit corner but you're not
27:05
a psycho, right? But you're not a psycho.
27:07
Right? Absolutely hilarious.
27:09
Shout out to Anders toxic happy hour.
27:11
They hold some of the best spaces in the industry.
27:15
Check this out. Freda hottel know how one should
27:18
orange pill how I try to Orangeville.
27:21
Absolutely great stroke is by Jay rapper.
27:25
Go spend your Bitcoins. I will use my newly regulated
27:28
stable coins, one thousand two hundred percent and CPI Central
27:33
Bank, digital currency, it's true.
27:35
This is what I always tell you guys.
27:36
You will only find Salvation in Bitcoin the cryptocurrencies.
27:41
They'll pretend they'll give you a false illusion of that because
27:44
they're not sufficiently decentralized.
27:47
Anyways, I want to improve Twitter and reduce spam
27:50
lightning Network. Work.
27:52
She'll do G coin. And it's Ilan.
27:55
That's that's very funny. All right, last one by the
27:58
yelland, are the, the legendary yellow Muppet yellow, yellow
28:02
Muppet and we have Ico offender to Craig Zippity.
28:07
Hello. No psycho friend as check it out
28:10
and this is from the movie. The Shining I also I'm sure
28:13
Source material. Let's check it out. 54
28:23
everywhere. Which one's the best
28:58
man. That is absolutely hilarious.
29:00
Shout out to the legendary yellow, very well done and very,
29:04
very well done. Absolutely hilarious for people
29:06
that don't know, I'll pull up the magazine title or the
29:11
newspaper title. The New York, the New York,
29:14
post's basically called all bitcoiners psychos, according to
29:18
scientists, unnamed scientist. But according to scientists,
29:21
anyways, I'm going to give it a matrix reference Meme and if you
29:27
have watched the movie, The Original, of course, the Matrix,
29:29
you will understand and I will say filled, they have turned us
29:34
into this. Very well done.
29:41
Very well done. Okay.
29:41
So we are somehow strangely in tune today, but before I give my
29:46
score, I just want to give a shout-out to TC.
29:48
We could not review your, Your Meme because it is apparently
29:53
inappropriate for YouTube, but we loved it and we laughed.
29:57
So I do apologize. Anyways, for the memes that we
30:00
were allowed to review. Okay?
30:02
I am going to give it this extremely rare, okay.
30:08
I mean Take On A Clockwork Orange.
30:12
And this is a sticker made by Swede Toshi, who, for some
30:15
reason, disappeared from Twitter who should come back, please?
30:19
Yes, this is awesome and what it reads is a proof-of-work orange.
30:26
Very cool. It's awesome.
30:28
Very very nice and yes. Shoutout to Sweet.
30:31
Surge c-suite Toshi. He is missed.
30:33
I have that same sticker but unlike fill that keeps
30:36
everything in mint condition. And because he actually really
30:39
is a psychopath. I stick mine on the wall, but
30:43
anyways, guys, we want to know. If you agree with our scores,
30:44
you disagree, let us know down in the comment section.
30:46
Comment, comment comment. Make sure to subscribe to us on
30:50
alternative video platforms. Because we do talk shit about
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the world economic Forum like Rama.com, and our personal
30:56
favorite Bitcoin tv.com. They don't censor their because
30:59
Bitcoin TV and make sure to join our awesome telegram group and
31:03
link us some dank dank dank Bitcoin memes to review.
31:06
So we can review them on the big.
31:08
Coin, meme review has it's a Bitcoin review and we need memes
31:12
to review because then what would it be if there's no memes
31:16
to review, what it'd just be a review of nothing.
31:19
Hmm anyways Phil it's time for the Daily News brought to you by
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crypto clucks.com they make the best 3D printed Bitcoin merch
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All right, everybody, we were supposed to have pretty awesome
31:52
guest today. We are supposed to have Natalie
31:54
Brunell and we are going to cover the Jack mahler's
31:57
announcement with her today but she had to reschedule we hover
32:00
on, I think for mid-may. But anyways, let's get to it.
32:03
This is Jack mahler's. Being Jack ballers.
32:08
And let's check out what he did and then we'll go over the
32:12
article. We're in Sunny Chicago.
32:15
We're going to walk in a grocery store and buy some coke overt or
32:19
a card network is not going to process this transaction
32:22
Bitcoins. Open monetary network is going
32:24
to process this transaction. Let's go.
32:29
Hello. Hey, can I check out?
32:31
You should be stopped, I'll do the code first, let's buy some
32:35
coke over tour. Ladies and gentlemen, boom, open
32:38
payment standard. This grocery store is showing an
32:41
open payment standard to receive dollars in their cash register.
32:44
I could use any lightning wallet I want.
32:47
I'm going to go with Zapp which is connected to my lightning
32:50
node running over tore at my house.
32:52
So I simply hit send Scan the QR code confirmed by entering my
32:58
pin and Bitcoin is leaving my note over tour as dollars.
33:03
Enter her cash register, boom. I'll go with peanuts, and I got
33:08
up to go with the one and only cash at 70 million Americans can
33:14
do this. I'm simply going to scan the QR
33:16
code again. Enter my pin and confirm the
33:21
lightning payment. Money is leaving cash app.
33:24
Over an open payment standard and entering dollars in her cash
33:28
register. Can I use spray with QR code for
33:32
that Bud Light, thank you. We've also integrated for point
33:37
of sale systems that are not interoperable and ability to pay
33:40
with the QR code. So I'm going to present my QR
33:43
code. Awesome, thank you.
33:46
I have it programmed to In my moon wallet, I'm going to
33:50
confirm my pin. I have the payment pulled up
33:51
right here. I'm going to send should be
33:55
good. Good to go?
33:56
Yes, we're good to go. Freaking badass, really really
34:02
awesome. Shoutout to Jack making history.
34:05
Like always, let's get into a little bit of the details of it.
34:09
Jack Mahler straight integrating with world's largest POS.
34:14
That's funny. And this case it stands for
34:16
proof point of sale and Point of Sales.
34:19
Essentially what that means? Right?
34:21
Is at a restaurant, right? Or at a convenience store, when
34:25
you pay with your debit card or will you pay with cash?
34:27
That is the point of sale that Verifone type of terminal that
34:31
you see. That is a pro point of sale,
34:33
right? So anyways, it goes on to say,
34:36
you're going to be able to walk into a grocery store to Whole
34:40
Foods. Such apart lay, if you want to
34:41
use a lightning node overt or you do that Mahler set on
34:45
bitcoin 2022 and any online Merchants that uses Spotify can
34:49
accept payments without the 1949 Boomer credit card Network,
34:53
receive it instantly cash final, no intermediary, no 3% fee.
35:00
The announcements and major innovation in Merchants ability
35:02
to interact with the Bitcoins Network, and users ability to
35:05
privately and permission list make permissions throughout the
35:08
u.s. Now they will be able to take
35:10
advantage of the cheap instant open-access offered by Bitcoin
35:15
an image shared by mahler's as part of the presentation listed
35:17
McDonald's Walmart Walgreens and more u.s. franchises as places
35:22
where the strike integration will be usable.
35:24
Mahler's also emphasized that he is dedicated to protecting
35:27
Bitcoin in the To say it's reporting.
35:30
I've been working with Senator Cynthia.
35:32
Lummis to make sure that the United States of America.
35:34
We support this Omen picked this open payment standard and it
35:38
isn't threatened by anybody else.
35:39
And just to kind of, you know, back that up, right.
35:43
This was also announced during the Bitcoin conference new, they
35:47
say crypto, but it's really a Bitcoin, only back Super Pac and
35:53
check this out, the financial Freedom pack also called the
35:56
Bitcoin pack, which was introduced by In magazines Grant
36:00
McCarthy McCarthy, Friday, was support, candidates that aim to
36:03
defend and uphold the following rights of Bitcoin ownership in
36:07
the United States, a group has listed for candidates.
36:10
It currently supports and says, more will be added in the coming
36:13
weeks back in the Bitcoin, pack is another McCarthy, launch
36:17
organization, the Bitcoin adversity, advocacy project,
36:20
which will help the pack vote out any Auntie Bitcoin
36:24
politicians like Brad, Sherman, and Elizabeth Warren, right?
36:27
So this is what I've just We success we correctly predicted
36:31
many months ago. We said Bitcoin is going to get
36:34
political and there is going to be a launch of a Bitcoin only
36:39
pack. Now I can't I have a little bit
36:41
of inside information but I can't reveal it, but let's just
36:44
say very predominant bitcoiners that you guys all know by name
36:48
have already donated to this pack.
36:51
So it is accumulating a lot of support, and how the wash, how
36:55
the swamp in Washington d.c. works, is it It works by
36:59
lobbying effort, right? So I'm glad that Bitcoin has its
37:04
own lobbying arm rather than relying on the coin Center
37:08
because as good as Jerry Brito. And those guys have coin Center
37:11
have done, Unfortunately, they also have to support shit coins
37:15
as well, right? And sometimes that causes
37:19
misalignments, let's say, right? So it this is very good news and
37:24
this is absolutely historical, right?
37:26
Like Jack mentioned or that like how that article mentioned
37:29
briefly. Flee, we've been using the same
37:31
second layer Fiat, technology for a very long time, right?
37:35
We've been using essentially credit cards.
37:37
First, they were Stamped Out physically.
37:39
I don't know if you guys remember that.
37:41
That's why your credit cards have little indentations where
37:44
the numbers are? Right.
37:46
That's what they're for those indentations, right to be
37:48
stamped and physical machines. Now, those physical machines,
37:51
don't really exist anymore. Now, that now it's all through
37:53
an internet but as Jack Mahler said throughout his and
37:56
presentation that innovation, Has it really changed, right?
38:01
And that is what the that's why it's such a big deal.
38:04
What he's doing because what he's doing is essentially
38:07
bypassing that Network altogether and using the Bitcoin
38:11
Network directly and if you don't want to pay directly in
38:15
Bitcoin or let's say your Merchant doesn't take Bitcoin as
38:18
payment, you could pay in Bitcoin that that Merchant
38:22
terminal does the automatic conversion and the merchant gets
38:26
dollars in their account immediately So again, it wasn't
38:30
as impactful as the year before the year before had a lot more
38:34
humph, but if you actually pay attention to what it represents,
38:38
it's a very, very big deal. This is going to change
38:42
everything, but you guys also need to have patience, right?
38:46
Because these payment networks, right?
38:48
So let's let's focus on the, on the credit card one, right?
38:51
Or the debit card one that took decades right to develop.
38:55
I think this is going to be a lot faster because we are
38:58
transitioning, Into the information age, but it's still
39:01
going to take some time and I'm going to give you a little
39:04
example of a personal experience and actually fill was with me.
39:07
We went to like a that Katie, I like a little taco shop in
39:11
Collins on Miami Beach to get some food and to our surprise,
39:16
right? This place accepted Bitcoin.
39:19
Accepted lightning is selected the main chain and you know,
39:22
first Taco I paid with Fiat and then the second I paid with
39:26
lightning just to see you know. How the experience is.
39:30
Now, I save time and the sense that I didn't have to pull my
39:35
wallet out. I had my phone out, you know,
39:37
with my, with my moon wallet, my money wallet, you know, scammed
39:40
it. But what I noticed with the
39:43
teller is that she she seemed a little bit confused.
39:47
And unfortunately, we couldn't use the the normal,
39:51
point-of-sale device, she had to pull out an iPad from behind the
39:54
counter, right? I would want to see in the
39:56
future like what Jack mall or showed.
39:59
That it's all in the same go. But I think, I think there was a
40:02
little bit of rehearsal and that video to be honest.
40:05
You know, there was music added, right, the transitions were very
40:08
suspiciously smooth. So obviously, you know, he is a
40:12
CEO of a company is supposed to be a Salesman, but this is,
40:15
these are things that are just going to continually
40:18
continuously, get better over time.
40:21
So, what are your thoughts on all this?
40:23
Yeah, so I'm liking, I'm liking the fact that he mentioned the
40:26
open payment standard. I think it's very important.
40:29
For those of us that pay attention to Payment Systems
40:32
every time we go to a store like Nico, like you mentioned the
40:35
verifone, right? There's just a few companies
40:38
such as verifone and maneras, and a few others, at least in
40:41
North America, that offer these services for pay Terminals.
40:44
And the only networks that they offer you access to are really
40:49
just the Visa and MasterCard networks.
40:51
And In some cases, American Express, or discover believe it
40:57
or not. You know, I've said this in the
40:59
past over 60, approximately 60% of the, the payment networks are
41:05
owned by MasterCard, okay? Or I should say, 60% of the
41:08
payment network is owned by MasterCard, approximately. 40%
41:11
is Visa and I know that adds up to 100 but believe it or not,
41:14
it's always fluctuating and in that 10% is where you've got,
41:19
American Express, you've got discover and you've got like,
41:23
Three other little, you know, crappy players.
41:25
So the truth is is that it is almost a monopoly.
41:29
Okay, that's my point. The point is, it's almost a
41:32
monopoly. It shouldn't be like this.
41:34
Okay. I have to say I the fact that
41:40
there's a different terminal required.
41:42
This is one of those things that makes things a little bit more
41:45
difficult and believe me the payment processors, understand
41:48
this, but they don't give a shit because it is a closed system.
41:53
I am after all, okay, the terminal of the future is going
41:58
to have Bitcoin and lightning, but you're also going to be able
42:00
to pay on your Fiat rails. That's the difference, those
42:04
systems are meant to keep others out, that is, you know, that's
42:08
kind of the point of that the other piece to this when it
42:11
comes to the Jack mahler's presentation, I like it the end
42:16
when he pays for the beer that he bypasses the terminal
42:20
altogether and just does it with the Barcode Scanner.
42:24
That is something that makes things a little bit easier.
42:28
That's a better route. I think, I think that if we're
42:31
going to concentrate on one method over another I think we
42:34
should concentrate on getting out of the terminal altogether
42:39
because the terminal is really a central point.
42:42
It's like a Chokehold, right? Because if the company that owns
42:45
the terminals doesn't want to list you.
42:47
Well, there you go. Now you're screwed.
42:49
You know. So this is the that's kind of
42:51
the that's kind of the problem. The last piece to this is the
42:56
packs, right? The you know, the the political
42:59
packs so I'm always torn. I'm always torn between whether
43:05
we really need this or we don't part of me says okay.
43:09
These are good because they help bring awareness to the masses.
43:12
Unfortunately, there's very that's not at all what they do.
43:17
No, you don't think so? No, no.
43:19
Those things are literally to Lobby politicians.
43:22
That's that's there. Single for That season 4.
43:24
But that's the point, though, they Lobby the politician and in
43:27
doing. So the politician adds their
43:29
messaging for the masses, does it not hmm?
43:32
Sometimes not really dude. It's literally about sweetening
43:35
the deal for the politician, essentially telling him.
43:39
Hey there are consequences for you if you vote against this,
43:44
right? Whereas what happened with the
43:47
infrastructure bill because that infrastructure wasn't set in
43:51
place what to use. Senator lummis is reference.
43:54
The treasury was able to get a jump on the industry right but
43:59
with this pack in place, what it essentially says hey any
44:03
politician that really steps out of line you better hope you have
44:07
an opposing Pac backing you, right?
44:11
So it's kind of more so for the politicians, right?
44:14
So kind of put a check on them rather than lobbying the public,
44:18
right? That's a whole other aspect of
44:20
it, you know? And that's an In You by saying
44:23
That really highlights how this fucking functional the system is
44:27
that it's really the lobbying parties that run Washington
44:31
rather than the people. Right?
44:34
Yeah. Because it's interesting because
44:36
when I was working, you know, in my previous, you know, my
44:39
previous job the, the goal of the pact was to help convince
44:43
the employees to vote in the direction of what the company
44:47
wanted. So for me I just I figured you
44:51
know that this is also similar ER, but it's completely the
44:54
opposite. Many ways, maybe their interests
44:58
may be that that's a function of it, right?
45:00
But from my understanding, right, you know, we all have
45:03
different life experiences from my understanding, it's more.
45:06
So to, you know, tap on the shoulders of those politicians,
45:10
right? And then obviously what it said
45:12
their support politicians that are running against the ante
45:16
bitcoiners like Elizabeth Warren like Brad Sherman, right?
45:20
So, but anyways, moving on to some more positive news.
45:23
I think the Jack mall or Singh was absolutely Bonkers, let's
45:27
see. It's going to be slow and
45:28
tedious. Anyways, check this out.
45:31
This was an enormous huge deal which we covered yesterday, but
45:34
Zoom fucked up. We apologize guys.
45:36
In towel launches new Bitcoin mining chip the block scale
45:42
until now, it's details for its new B, new Bitcoin, mining chip,
45:45
the Intel blocks--got Asic, which seeks to increase energy
45:48
efficiency of proof-of-work, mining through the company's
45:51
Decades of research developing development and related areas as
45:56
As per year, S release set to bitcoin magazine.
46:00
Anyways each block scale Asic chip will deliver up to five
46:03
hundred eighty Giga hashes per second of hash rate with up to
46:07
twenty six joules, per Tara hash of power efficiency, and support
46:11
up to 256, integrated circuits per chain.
46:15
Therefore, and this is the signal guys, pay attention.
46:18
Therefore mining system consisted consisted of 256,
46:22
Intel block, scale, Asic ships was supposedly output roughly
46:26
148 Tara hashes and consume about 386 watts of power.
46:32
The flagship air-cooled mining system of the current global
46:36
market leader, bit main outputs, 140 tear hashes with an energy
46:41
consumption of 310 W resulting in 21.5 Jewel tear hash of power
46:49
efficiency. So if you believe the Intel
46:53
guys, right? The you know, Technically the
46:57
block scale, Asic minor is more efficient than the bit made
47:02
minor. However, right the the block
47:05
scale has a slightly higher hash rate Route 88 Terror hashes more
47:11
but it does consume 860 W more 850 Watts more than the bit made
47:18
minor Which hat which you know Minds about 140 Terror hashes
47:22
but only consumes 3010 Now what's really impressive is the
47:28
fact that that main has had like an eight year head start on
47:33
Intel and that is absolutely Bonkers and another part which
47:37
is why I'm even bringing up this article in the first place.
47:41
Is the fact that one of our major concerns and we've brought
47:44
this up on the channel before is there was an over concentration
47:48
of mining manufacturing coming out of a country that is hostile
47:53
to bitcoin, which is China which is controlled by the Chinese.
47:56
These Communist party, they ban Bitcoin mining within their
47:59
borders. So it was kind of a point of
48:01
weakness and it, you know, it definitely made me stay up at
48:05
night a couple nights, right? The fact that most mining
48:08
manufacturers come from China, like bit main like what's minor
48:12
like in a silicon. Now, that Intel has not only
48:15
stepped into the, into The Fray, but has also stepped into The
48:19
Fray with a minor that is better or even equivalent to the s19.
48:26
S9, right, the s19. So that is, that is very good
48:29
news and I know that as shout out to Adam back of box dream.
48:33
I know that they're working on their own solution, they
48:36
accompany to cut. They acquired a company called
48:39
spawn Doodles and also Jack Dorsey of the block and cash
48:44
app. Also said that he wants to make
48:46
an Asic. So this is very good.
48:48
Like we've always said, guys, is the beauty of capitalism when
48:52
companies compete the consumer wins.
48:54
So this is very good. Good for Bitcoin.
48:57
This is awesome. This is further the
48:59
centralization, not only of the hash rate but also mining
49:03
manufacturing. So very, very good news.
49:05
I think this is the best news of the day so far.
49:09
Yeah, I'm gonna have to agree and not only that, right?
49:11
But Think of it like this Intel's been making chips for
49:16
well over 40 or 50 years. Okay.
49:19
They have some of the most advanced IP when it comes to
49:25
chip-making and the processing. So it's inevitable that AMD is
49:31
going to follow suit because they are not going to let
49:33
because look right now, the rest of the industry they're just
49:37
looking at Intel, okay? They're looking at Intel and
49:39
they're saying, all right, let's see what happens, but you'll
49:42
see. When the Intel inevitably, when
49:45
they're minors, inevitably provide number one, a profit for
49:50
Intel's, bottom line, that is non-negligible.
49:53
And number two, minors, start back like standing behind their
49:57
product behind the Intel product.
49:59
You're going to see AMD come on board, and I think that you're
50:02
even going to see Nvidia, possibly start to come out with
50:09
with Asic miners, you know, because right now in the video
50:11
graphics cards get used. Shit coin mining, you know.
50:14
But these guys man like you think the video makes the most
50:18
powerful they make the most powerful Graphics processors in
50:21
the world? You don't think that can be
50:23
changed. I could be switched over to
50:25
Asic. Anyways.
50:26
I'm just saying again, this is one of those things just like
50:29
when the internet happened, we didn't really have a good grasp
50:32
of how big and, and not only that, but like, how monumentous
50:36
the companies would be that come out of the internet.
50:39
Like, people don't realize, you know, Adobe just for example,
50:42
okay. You held a Doe B shares from,
50:44
from the day that they IP out or something and you're sitting on
50:46
something, like, fifty, two thousand percent growth.
50:49
Okay, who would have thought that something like Adobe would
50:52
provide that for you, you know what I mean?
50:54
Like, yeah, exactly. You know, Microsoft is the same
50:57
type of thing, eBay is the same type of thing.
50:59
Like nobody would have thought these things that all of a
51:03
sudden, all of this would become integral in our lives.
51:06
So now, here we are, we're at the Bitcoin phase.
51:08
Okay, we're at this point in history, we're at this point in
51:12
the timeline. We don't understand
51:14
exponentially what this is going to mean in terms of business, in
51:19
terms of competition, in terms of Energy Efficiency, like all
51:23
of this, I'm bullish. I stack twice today.
51:25
Nico, bullish, Ultra bullish. Just like to make you guys, even
51:29
more bullish, look at what has happened in the last two years.
51:33
Right now, you could use Bitcoin to shop at Walmart, Chipotle any
51:38
all the thousands upon thousands of terminals.
51:43
Shopify supports, we have Bitcoin becoming legal tender in
51:47
a country. We also have public companies
51:50
like Tesla, like the block, like microstrategy putting Bitcoin on
51:54
their balance sheet. We also have ExxonMobil, one of
51:58
the largest oil and gas companies in the world, mining
52:01
Bitcoin directly to offset the flared, gas into the atmosphere.
52:05
And now you have one of the most historic Computing companies in
52:10
the history of the world, Intel. NG Bitcoin miners themselves is
52:15
all happened. The last two years.
52:16
If that doesn't make you bullish about Bitcoin, I don't know what
52:21
will, right? So if you look at the price
52:23
right now, look at all the things that I've said, do you
52:26
think that's just going to stop? Or do you think that is going to
52:29
accelerate Phil, how long before the next gas producer decides to
52:35
do what? Exxon just did.
52:36
Like, how long do you think? We have to wait, realistically,
52:38
it's inevitable, it's inevitable, it's just going,
52:41
it's just like Robin Hood. They added lightning withdraws
52:44
and withdrawals in general. They were forced open.
52:47
They were forced to do that because their competitors were
52:50
doing it, right. Same as Exxon.
52:52
If Exxon has an edge right over those other guys and Bitcoin is
52:56
what's giving them that that edge, they're going to be forced
52:59
either to put it on their balance sheet or to use that
53:01
flared, gas to mind more of it. That was a good episode.
53:05
Phil, there was an open source software releases a, why do you
53:07
tell everybody about it software releases, brought to you by
53:11
Cipher safe? Check them out.
53:13
Seifer, safe dot IO. Look, one of my biggest worries.
53:16
Is storing my seed phrase. I know that everybody feels this
53:20
way. If you've got a hardware wallet,
53:22
we've got you covered store your seat in the Cipher wheel or the
53:26
all new Cipher grid. They both come with a
53:29
tamper-resistant wire, but the grid comes with a punch tool.
53:33
We've got BTC pay server 1 dot 4.8, that was released its Down
53:38
Below in the show notes, guys. You know the deal, don't forget
53:41
to check us out, we Our episodes on audio only platforms.
53:46
We are on Apple podcasts, Spotify, anchor.
53:50
And if you want to stream us at Fountain dot f m--, you could
53:54
stream assets through Breeze. Awesome, thank you for all right
53:57
guys, that was our show before we going to give a very special
53:59
shout-out to our clothing sponsor rep.
54:03
Hard.com represent LTD Phil and I wear the hoodies every single
54:08
day and you can take advantage of the link down below to get
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10% off anything off the LT d.com score, guys.
54:14
If you enjoyed the show you know what to do, Smith alike but it
54:18
and of course you want to continue hearing the Bitcoin.
54:20
Use from the Polly pleb perspective in the catastrophic
54:23
veils of all the shit Corner Central Bankers, evil World
54:27
economic for people. Definitely consider subscribing
54:30
to Simply Bitcoin and we'll see you on Monday guys for any
54:34
episode. What I love about this show is
54:37
that I get the last word. It's actually psychos.
54:39
Who stick stickers? Not sorry.
54:41
No, it's not.