Latest / Simply Bitcoin / Bitcoin isn't Backed by Anything | EP 709

Transcript

Bitcoin isn't Backed by Anything | EP 709 · Simply Bitcoin

0:18
Yo, how you guys doing today is April, 3rd 2023 and welcome to
0:24
Simply Bitcoin. We are your number one source
0:26
for the peaceful Bitcoin Revolution, we cover breaking
0:29
news, Bitcoin culture and memetic warfare and we will be
0:33
your guide through the separation of money and state.
0:36
As you can tell guys, it's your boy Opti.
0:38
I'm hosting Today's Show so it's a little bit different, but same
0:43
show nonetheless. And on today's show guys as we
0:47
are continuously. Fully covering on the channel.
0:51
We are in the first Innings of the then they fight you stage of
0:53
the separation of money and state and to be completely blunt
0:56
with you guys. They are not sending their best,
0:59
but hey, this is why we cover this every single day and I know
1:04
Nico is usually a little Kinder on the show but hey I am taking
1:08
over it is my show. Now I am the captain for today
1:12
and on the numbers as you can tell in the thumbnail thumbnail,
1:15
we have a geriatric senator Hang on technology that she does not
1:20
understand sounding like a fear mongering grandmother about
1:24
using Newfound technology, and how it will ruin in the world.
1:27
It's laughable, really like completely laughable.
1:30
Anyways, please list Warren, take a break.
1:32
We got it from here, thank you very much, but this is the
1:36
separation of money and state and this is not going to be the
1:39
end of these types of behavior. This is only the beginning and
1:43
we will see more politicians career.
1:45
Bureaucrats bankers and Central planners come out again.
1:48
As Bitcoin pontificating and projecting their bias, but
1:52
Bitcoin exposes all incentives. This is a feature, not a bug.
1:55
So as the world starts to wake up and move away from the
1:59
dollar, the clamoring for control will only intensify
2:03
guys. So be prepared for this because
2:05
as the world moves away from the dollar as World Reserve
2:08
currency, those in power in Washington DC and every Central
2:13
institution of the world, will lose their foothold know, their
2:16
Chokehold on the world. They will do everything in their
2:19
power to maintain that position and it's only their incentives,
2:22
but it would do them good to adopt Bitcoin, adopt the Bitcoin
2:26
standard saving Bitcoin spread the Bitcoin adoption.
2:29
But they will be the last to do so.
2:31
So sadly or rather maybe thankfully depending on your
2:35
perspective, they are blinded by their positions and their bias,
2:39
but fortunately for you guys, you do not have to wait until
2:43
these people allow you to use Bitcoin.
2:45
Bitcoin is permission list by Design.
2:47
You cannot opt into Bitcoin Network today freely by your own
2:50
accord. And there's no amount of
2:52
screeching that the geriatrics and Washington can do that.
2:55
Will stop the peaceful Bitcoin Revolution.
2:58
But this only occurs if you take action take back your money by
3:02
Saving and Bitcoin taking your Bitcoin into self custody and
3:06
spreading the virtues of Bitcoin to every single person of the
3:09
world. This is how we win as we raise
3:12
to, avoid the inevitable war on freedom that we find ourselves
3:15
in boys and girls. And this is what we Going to
3:18
cover continuously on simply Bitcoin.
3:22
Anyways, before we go on, let me bring in my co-host today Del
3:25
the Funky. Homosapien Del, how are you
3:28
doing today? What's up, brother?
3:31
I'm doing great. I'm glad you use that title.
3:33
I went back and watch that episode like four times.
3:36
Clicking through trying to find the person that said I wanted to
3:39
credit them, but I could not find it.
3:41
I don't know if they deleted the comment or what about if you're
3:44
out there and it was you, thank you, but I'm I'm running with
3:47
it. I'm taking.
3:48
To run into Del the Funky Homosapien.
3:50
It's a great name if you know, if you know you know.
3:54
All right guys. Well actually dad, what are we
3:57
covering today in the new segment?
3:59
Well, we've got Bitcoin uses 50 times less energy than
4:02
traditional, banking, new study shows.
4:04
And I bet it's even more than that.
4:05
I'll give you some reasons. Why.
4:06
And then we also have over from coin paper, he YouTube an
4:10
anonymous crypto transfers of over 1000 Euro.
4:14
So that's not here in the US. Well, that's where I'm at.
4:16
It's over there. But still It shows a sign of the
4:19
times more control, more, Crackdown more oversight, more
4:23
more creep into those coming in to take control of your life.
4:28
Not good enough. Absolutely love it.
4:30
As you can tell, we are just doubling down on the idea of
4:33
separating money and state today.
4:35
This show, don't stop the signal don't stop.
4:37
Anyways, let's get into the numbers, guys.
4:41
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All right guys you already know the deal.
5:11
We will be seeing you guys at the Bitcoin conference 2023.
5:14
In Miami May 18th to May 20th. And as you guys can see it's
5:21
going to be a party guys. It's going to be epic.
5:23
I can't wait to get down to Miami, hang out with all my
5:25
friends, my Bitcoin family, you know, Tick Tock.
5:28
Next block, it's going to be huge and as you can see, there
5:31
is going to be a ticket price increase in four days guys.
5:34
So hey if you're thinking about going definitely Get a ticket.
5:37
Come hang out with Nico. And I we will be at the desk
5:40
going live in person. Come hang out with us, hang out,
5:44
maybe get a beer with us, you know.
5:46
It's going to be fun. This is why you go, you go to
5:48
hang out with the bitcoiners. You go to celebrate being a bit
5:51
coiner. Anyways, there's going to be
5:52
great speakers here. Michael Lewis.
5:53
Arthur. Hays.
5:54
Michael's Sailor, Jack mahler's? Alex collapsing.
5:57
Preston pish, mad Odell. Greg Faust, Lynn Alden and many,
6:01
many more again. Guys we will see you down there.
6:05
Op T. Humble adopt.
6:07
Anika will be there live again, and is May 18th May 20th and I
6:12
hope to see you guys there. Guys, use the discount code
6:16
simply to get a discount on your tickets and we will see you in
6:21
Miami anyway before we get into the numbers segment, let's get
6:26
into the numbers. First and foremost we are at
6:28
block high of 783 779 all-time high of block height, the
6:34
current SATs per dollar AKA Moscow.
6:37
Time. AKA how much your dollar can buy
6:39
of Bitcoin is 3559 sets with the current bitcoin price of twenty,
6:44
eight thousand and ninety five dollars per Bitcoin.
6:48
And one of the best metrics I know Nico says that his favorite
6:51
metric is the realized monetary inflation, but this one might be
6:54
my favorite metric. The percentage issued, the total
6:57
Bitcoin percentage is at ninety two point zero seven percent.
7:01
The current bitcoin market cap is at five hundred and forty.
7:04
Three point two billion, half a trillion dollars Dollars and yet
7:08
we still get so much hate in regards to bitcoin things that
7:11
make you say hmm. And of course Niko's favorite
7:14
number the real life realized monetary inflation 1.76 percent
7:18
and of course I always forget what Niko's numbers are here but
7:21
this is Opti show today. So we add my numbers and one of
7:25
the numbers that I think a lot of us bitcoiners need to keep an
7:28
eye on is the Bitcoin versus gold market cap, which right now
7:31
is 4.11 percent. That means Bitcoin is only a
7:36
little baby. But in the grand scheme of
7:38
things and we're barely at 5% of the gold market cap, there's
7:41
still so much room to grow and everyone still thinks that
7:45
you're late to bitcoin. Anyways, the next number is, the
7:48
total capacity of Bitcoin in the lightning Network.
7:50
It is. Currently at five thousand three
7:52
hundred and ninety nine point, eight five, BTC.
7:54
I remember when these were baby numbers and this is just in the
7:57
public channels. It's almost like lightning
7:59
simply works and people are using it to move money around
8:02
the world instantly. Anyways, the total capacity
8:05
value in dollar terms of Lightly Network currently is 150 1.6
8:10
million and then the Bitcoin nodes you guys should be running
8:13
your nodes guys. I know these numbers are a
8:15
little off. These are the public nodes.
8:17
If you look at Luke Dashers website you will see that there
8:21
is I think more around like the 90,000 total Bitcoin nodes.
8:26
But anyways according to Clarke Moody's dashboard the public
8:29
reachable nodes is 17,000 and 96 Bitcoin nodes across the network
8:35
and again adding my own numbers. Here guys, the hash rate has
8:38
been going parabolic and the hash rate for the last two
8:42
thousand and sixteen blocks is that 343 x a hashes.
8:47
And for the last 90 days, it is averaged around 300 + 2, X2,
8:51
hashes, absolutely bullish. I wonder what is going on out
8:55
there and Bitcoin mining world because if you see the charts,
9:00
the hash rate is looking like it's going parabolic.
9:03
Anyways guys on today's numbers, Going to be covering this
9:08
Elizabeth Warren clip. But before I get into the Lizzie
9:11
Warren clip, I really wanted to lay down some context in regard
9:16
to Elizabeth, Warren, and everything that she's about
9:20
because it is very interesting. She's a very interesting
9:23
character. She is viewed as a democratic
9:27
Progressive, right? Who made a Big Splash in the 07,
9:30
08 financial crisis and pushing for stronger, banking
9:34
regulations. And to change lobbying as we
9:36
know it. It and this is literally from
9:39
her website, her own website. So Elizabeth Warren.
9:42
A Fearless consumer Advocate who has made her life work.
9:45
The fight for the middle class families.
9:47
Elizabeth of the one of the nation's leading Progressive
9:49
voices fighting for big structural change, that would
9:52
transform our economy and rebuild the middle class and
9:55
she's put forward ambitious plans.
9:58
Ending lobbying as we know it impose an ultra millionaire tax
10:01
on Fortune's worth over 50 million dollars.
10:05
And again, you know, positioning yourself as an advocate for the
10:10
middle class and as I was doing some of this research, Kind of
10:15
looked at some of the numbers and it's very interesting to see
10:18
what she pushes for her public stance and what is the reality
10:24
of the situation. So I went over here and use K CA
10:28
knowledge. I think this is a website used
10:31
to basically tally celebrities net worse, and it's very
10:37
interesting to know that Elizabeth Warren's.
10:39
Net worth is 67 million dollars. Again I repeat 6. 67 million
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dollars. And I find it very interesting
10:48
that she positions herself as fighting for the little man that
10:51
the average, middle-class American and even is, you know,
10:56
apparently, on her own website impose an ultra millionaire tax
11:00
on Fortune's worth over 50 million dollars.
11:02
It's very interesting. I find it very laughable and
11:05
highly improbable that she would try to tax herself.
11:08
Anyways, her yearly salary income as a senator is 285,000.
11:14
But our monthly income is 400 thousand dollars now.
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Look, I am not one to chastise those that are rich.
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I believe everyone should get rich.
11:23
Everyone has the potential to become rich and you should want
11:26
to get rich because that's the only way to escape the matrix,
11:29
but I am against hypocrisy. And now I really wonder how she
11:35
was able to amass this incredible net worth.
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I did realize and through this website again, you know, maybe
11:43
needs to get fact-checked a More, I tried to find more and
11:45
more data around but she inherited 10 million dollars.
11:49
And now her network worth is 67 million dollars with 45 million
11:53
dollars in assets. And here as bitcoiners all we
11:56
want to do is save in an asset that doesn't Rob us.
12:00
And yet she has yachts and cars and multiple real estate and yet
12:05
she positions herself as a middle-class Advocate again, I
12:09
am not against wealth. I think it's upon all of us to
12:11
get extremely wealthy so that we can change the world.
12:14
The better. What's the saying?
12:15
Bullshit talks and money walks and this is where we are on the
12:18
world. So again I just find it very
12:21
interesting that she got on the scene in 2007-2008 as someone
12:27
that was battling the banks. And now it seems like she has
12:31
become the very thing that she hates.
12:34
And so one other little tidbit that I found while I was going
12:38
through this whole Elizabeth Warren journalism, segment is
12:44
That in the past. She was a republican from 1991
12:48
to 1996. And then she currently has
12:50
flopped to a Democrat 1996, to present.
12:53
So, it kind of reminds me of what we always say about
12:57
politicians. They just flip flop to whatever
13:00
narrative works best for themselves.
13:02
And this is where I will transition into what we are
13:05
seeing from Elizabeth Warren today, and she has been taking
13:09
this auntie crypto stance, building an anti crypto Army.
13:14
And on today's video, I just find it amazing what she's
13:17
saying and we're going to get all into it but let's watch this
13:19
clip. With Bitcoin.
13:24
There's no thing that backs it up and and that's what makes it
13:28
different. It's just belief you.
13:31
And I assess you assess the value is going to go down ISIS.
13:35
It's going to go up and therefore I buy so it's no.
13:39
So it's more like this artwork. No.
13:41
Because at the end of the day, I'm gonna hang that thing on my
13:43
wall, right? And I can enjoy it, or I can
13:46
throw darts at it. You could sell it for money.
13:50
Sure. You can't be there features
13:51
about it that are the same but it's It's not the same and look
13:56
one of the things we have to remember about there.
13:58
A lot of things that come within this crypto world.
14:01
So for example, we could be talking about instead of
14:04
Bitcoin, we could be talking about digital currency.
14:07
Now that's something very different that's different to I
14:10
buy that I accept. That's right because that's a
14:12
government-backed electronic transfer and it can be
14:18
denominated in dollars. It could be denominated in
14:21
Euros. It could be It in some new
14:25
language that's made up but that has something that backs it up
14:30
it has a government that says if at the end of the day there's a
14:34
run on this stuff everybody wants.
14:36
Theirs out the United States government promises there will
14:40
be something to back it up and that's what banks are about.
14:45
They'll be somebody there to back it up but with Bitcoin
14:52
that's not the case. Okay, all right.
14:58
Oh man. First and foremost, the extreme
15:01
and profound ignorance on display by.
15:04
Elizabeth Warren is absolutely laughable.
15:07
She really has no clue what she's talking about and she
15:10
wants to regulate Bitcoin. Like she's just essentially
15:13
taking a stance against Bitcoin and has no interest in
15:17
understanding the arguments for Bitcoin.
15:19
As you can tell, she's basically planted a flag and then now he's
15:23
doing all kinds. Of mental gymnastics to prove
15:26
how her point to the average person.
15:29
Anyways, it's really amazing. The computer and economic
15:32
illiteracy that was on display, in this little clip but what is
15:35
really kind of disheartening is that people will fall for this
15:38
first. Let's talk about the claim, no
15:40
thing backs, Bitcoin, you know, we need the money that a
15:43
government backs because the full faith and credit of the US
15:46
government is what backs the dollar.
15:48
And, you know, first and foremost as I covered in the
15:52
numbers, like Bitcoin is Is literally tied to energy guys.
15:56
Bitcoin is backed up by energy. This is what the hashed rated.
16:00
This is what Bitcoin mining is all about a real-world cost to
16:04
creating Bitcoin in stark contrast to Fiat money creation,
16:08
which is literally printing money from than are literally by
16:12
decree as Fiat is the direct translation to anyways.
16:17
The other one that really got me is Bitcoin is just a belief like
16:21
Bitcoin is not just imaginary, what Lizzie Warren is a Actually
16:24
saying is, you know, Bitcoin is intangible.
16:27
Therefore, it's worthless worthless and it's just a funny
16:31
Trope like furthermore, what makes it more hilarious is that
16:35
she's doubled down and said it should be banned Liz.
16:38
If it is worthless, why must it be bait band?
16:41
It makes no sense to me if, if Bitcoin wasn't such a threat to
16:45
your power, why would we need to band it?
16:49
It's just, it's just incredible. It really is incredible.
16:52
And I really find it interesting.
16:54
Resting, which I think to it's very end of the day, the signal
16:58
here is on the one hand. She cannot stop talking about
17:02
Bitcoin because she understand what we understand.
17:04
Bitcoin is a direct threat to their power and they have to do
17:08
whatever they can to Gaslight the average person out there so
17:11
that they don't find the Escape Route.
17:14
But I think the true signal here guys, is that Bitcoin is not a
17:18
top-down technology that needs a government to dictate its a
17:22
bottom-up technology and emergent On based on
17:25
individuals, choosing what to save in.
17:28
And as someone that should be fighting for the middle, man,
17:31
for the middle class, for the average, little man out there,
17:34
you would think that she would endorse Bitcoin yet.
17:38
As we are seeing on display, she is doing whatever she can to
17:42
stop the Bitcoin adoption because she knows what we know
17:46
guys and gals that Bitcoin, disintermediated their power,
17:51
when Bitcoin does. What we know it will do, it will
17:54
take away. Away their power of the money
17:55
printer. And this is something they
17:57
cannot do. This is why I did my opening
18:01
monologue today on the idea of separating money and state and
18:04
how they will lose their power. When Bitcoin gets adopted, and
18:08
this is why so many Central planners are coming out.
18:11
This is why the politicians will fight Bitcoin, but if they know
18:14
what's good for them, they will adopt the Bitcoin standard.
18:16
But hey, it is all incentives and Bitcoin exposes all
18:20
incentives. So on the one hand Liz, I know
18:23
you are. Offer your position for your
18:26
job, for your livelihood, but this is all great marketing for
18:29
Bitcoin. I know that some people woke up
18:31
heard this clip and we're like, wait a government doesn't hold
18:35
my money way. It government doesn't control my
18:37
money. That sounds like a good thing to
18:40
me but hey, I know I'm a, you know, I'm a radical Bitcoin, a
18:44
literate psychopath and toxic Bitcoin.
18:47
ER, and so maybe what is a negative to you?
18:50
Is a positive to us average individuals out there that want
18:53
simply one, Thing a money that doesn't steal from us so that we
18:57
can save and prosper going into the future.
19:00
And of course, the powers that be that are in control of the
19:02
money. Do not want this for you.
19:04
So what are we going to do? We're going to continue to
19:06
spread the signal and save and Bitcoin.
19:08
Anyways, Del what's your thoughts, rather?
19:10
Man? L, lizard Warren over.
19:12
Here is got some real funky ideas.
19:14
I'd like her to how can I say this without sounding?
19:19
Like, I'm okay. So, if you put her in front of a
19:22
video, that shows MMA fight, Nuclear bombs going off just
19:26
regular Bombs, all sorts of different Warfare and you tell
19:30
me that all of everything that you just saw.
19:32
There is nothing. Then I'll agree that Bitcoin has
19:35
nothing backing it but the same thing that's backing those
19:38
punches, those Bombs all of that kinetic energy.
19:40
It's all energy. Can't be created.
19:42
Can't be destroyed. The same exact thing that is
19:45
backing those punches. Those bombs those bullets backs
19:48
Bitcoin. So, if that's nothing, well,
19:50
then I don't know where we're living, but that's something
19:53
that's definitely something. You Ask any MMA fighter?
19:55
You ask anybody that's ever been shot?
19:57
Stabbed. Cut punch thrown down stairs, if
19:58
that's nothing. That's something.
20:00
It's something it hurts, and that's power.
20:02
That's a real energy and that's the exact same thing that's
20:05
backing Bitcoin. It's literally no different.
20:08
It's just a different use of it. Exact same thing.
20:11
This is the point that Jason Lowry wrote the entire thesis.
20:14
That's over 400 pages long something like 200,000 words on
20:17
MIT graduate works at space force, spook, whatever you want
20:20
to call him. But it's brilliant thesis and he
20:23
goes in great. About how its exact same thing.
20:26
And once people start waking up to this, and once they start
20:28
realizing, they're going to understand the importance of
20:31
this. It mean, this just goes to show
20:32
how stupid. Or now there's something else
20:36
going on with the US government. How we just saw this, there are
20:39
such weeks of in the past couple days about this.
20:41
How they I think it was all of the Bitcoin that They
20:44
confiscated from Silk Road, something like 41,000 Bitcoin
20:48
that they're going to sell like either there's something else
20:51
going on or you are truly the dumbest mf'er is out there.
20:54
Are on the planet because you could that that's I did the math
20:57
and I was something like two billion dollars just print that
21:01
and then keep the Bitcoin like you can do that.
21:04
But no, no, no, let's sell this for thing that we can make like,
21:07
what? Like I've got like it just, it's
21:10
just so stupid. Doesn't make any sense.
21:12
I don't, I don't get it. I don't get it.
21:15
I think that will be looked on as one of the worst trades in
21:18
modern history, selling all those Bitcoins.
21:21
And I think they doubled down and said they're going to sell
21:23
all of their Bitcoins. They've confiscated for paper
21:27
Fiat money. Oh my goodness, it's gonna be a
21:29
it's going to be a good thought experiment in a few years just
21:32
to see how much the Bitcoin price has gone up compared to
21:37
the Fiat price that they took. We're seeing we're seeing, you
21:42
know, economic laws play out in real time.
21:44
And this is why we are holding Bitcoin for the long run because
21:47
Fiat will only only get the base going further down the line.
21:51
It's simple math. As Greg Faust says, anyways,
21:54
let's get into the culture, guys.
21:59
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pass that information on to you guys.
22:54
So before I go in, I do want to give a little caveat on this
23:00
conversation. If you are not in our spaces on
23:03
Friday, we were talking about the implications of D
23:07
dollarization with all these brics nations moving away from
23:10
the dollar and cents settling trade in a different currency
23:15
and what this means. But also what this means for
23:18
other nations and first things first, as a Bitcoin, ER, I think
23:22
I am obligated to say more keynesianism, will not fix the
23:25
problems of Keynesian. Makes.
23:28
But I am going to flush that out for you guys that don't know
23:30
exactly what I mean by this. So countries as we are seeing in
23:36
real time are either actually moving away from the dollar or
23:41
posturing as if they are going to move away the doll from from
23:44
the dollar. Again move away from the fiat
23:46
currency. And what's this all mean?
23:50
Because as I started in the numbers, you know we have
23:52
another option that isn't a government dictated currency and
23:56
what is that? Answer.
23:58
It's literally the title of the show.
23:59
It is simply Bitcoin. This is the solution to all of
24:03
this. But I did get some pushback last
24:06
week when we covered the D dollarization, and the news
24:09
about China settling their, their trades in the Yuan.
24:14
And either, I misspoke, or people misheard.
24:16
Me and said that essentially, the US should follow China and,
24:20
you know, endorse Bitcoin, and get on the Bitcoin standard and
24:24
someone had a little clap back and said, you know, Bitcoin,
24:27
Only half a trillion dollar industry.
24:29
It's literally tiny. And the US will be fine, bro.
24:32
It doesn't need to follow China, bro, and I kind of had the feel
24:37
ization of like wait, I am pretty sure that is not what I
24:39
said on the show, but if I did, forgive me what I meant to say,
24:44
was, if the US wants to continue to lead the world, it wants to
24:49
innovate, it will need to Pivot as we are seeing right now, the
24:53
world is waking up. The world has felt the
24:56
weaponization of the Dollar from the fed and they're not happy
24:59
about it. Brics nations in Mass are
25:02
talking about dropping the dollar and it is time.
25:06
Maybe not yet, maybe it's in the future, maybe it's 10 years 20
25:09
years from now but it's time to have a real conversation on the
25:12
idea of pivoting maybe away from the dollar willingly instead of
25:17
waiting until everyone drops the dollar and we hold onto a dying
25:22
currency but as a nation built on freedom as a Bitcoin, ER The
25:27
only suspect that the US would endorse Freedom money AKA
25:31
Bitcoin. And I kind of got reminded when
25:34
I was when I was preparing this little bit today, I got reminded
25:38
of the Lord in the Rings analogy.
25:40
You know, like we must destroy the ring which is the world
25:44
Reserve currency of the dollar to maintain our position and
25:47
throw that proverbial ring into the fire so that we can maintain
25:51
a leading position in the world. Whether we like it or not, we
25:54
know our biggest export of the world is our in Inflation is our
25:58
currency, but I believe our second biggest exportation in
26:02
the world is our culture, is this idea of freedom.
26:06
We are a nation built on freedom.
26:08
Everyone's still whether they hate us or not, still love the
26:11
ideas and the culture of America.
26:13
And if we want to continue to lead as a Bitcoin, ER, as
26:16
someone that wants to see my country Prosper, I would love
26:20
for them to Pivot on to the Bitcoin standard.
26:22
I know that this is a, you know, way ahead of the game.
26:25
I know that maybe I am the All minority here but I definitely
26:29
believe that if America wants to maintain that super power
26:33
position. Moving forward, it might not be
26:36
an over Nam overnight phenomenon, but we will have to
26:39
endorse Bitcoin because Bitcoin is freedom money and I believe a
26:43
nation built on freedom would want freedom money for their
26:46
civilians for their citizens, so that we can also prosper and get
26:51
back to our route for the People by the people.
26:54
And as we can see, as I kind of covered in the Numbers.
26:57
The politicians, the bureaucrats the career politician Central
27:01
planners and their ilk are definitely not working in our
27:04
favorite anyways. Getting back to how I started
27:07
this. If you were not in our spaces on
27:10
Friday we had a whole hour plus conversation on the implications
27:14
of D dollarization and what this actually means for the world
27:18
rather what this actually means for us Americans as well as the
27:21
world. And so I wanted to bring some
27:23
receipts so you guys know that I'm not just making stuff up
27:25
here and we got this Headline here, China and France
27:29
companies. Complete first cross-border,
27:31
Yuan settlement of liquid, natural, gas trade, and then
27:34
continuing down this vein April 3rd, 2023, China and Brazil
27:38
reach, a cord to trade with their own currencies.
27:40
Avoiding the US dollar and again, this is from Bloomberg
27:44
again. April 3rd this morning.
27:46
China's Yuan replaces dollar as most traded currency in Russia,
27:51
and continuing down this idea. This was March, 31st, you on
27:54
tops Euro, as Brazil s currency and Foreign reserves.
27:58
And if you remember the statistics I brought last week,
28:01
the Brazilian economy is not a small economy.
28:03
I if I remember correctly, its top 12 and then again some more
28:07
headlines from this morning, Saudi Arabia, and bouldin on
28:11
world stage, underpins OPEC decision.
28:13
And if you don't get what this means, if there was any doubt
28:15
over Saudi Arabia's growing International, certain has
28:18
Sunday's decision to / OPEC plus oil production, put it to rest.
28:23
So I keep bringing you the same receipts that Whether you
28:28
believe in to in the Bitcoin, hoping I'm quote-unquote that
28:32
the world is moving away from the dollar or whether it is
28:36
actually happening. I am bringing the receipts and
28:38
again wall Street's over Japan breaks with us allies buys
28:41
Russian oil at prices above cap. And again, this morning
28:46
exclusive from Reuters, Russia shift to Dubai Benchmark in
28:50
Indian oil deal. We are seeing in real time that
28:54
maybe, just, maybe we are. And to see the beginning of the
28:59
end of the Petro dollar, the brics Nations and other nations
29:02
around the world, have felt the pain and the weaponization of
29:05
the dollar from the fed. And I think we are getting to
29:10
the point where soon enough we will no longer be able to export
29:13
our inflation, to the rest of the world and they have woken up
29:16
to the game. But again as I said in the
29:18
beginning, you cannot just change the system by adding more
29:23
of the same to the system. Keynesian economics will not
29:26
work here. Anyways, I The Tweet here feds
29:28
power. The u.s. dollar is the only
29:29
serious Contender for the world's Reserve currency.
29:32
Again, they their bias is showing and they just continue
29:36
to double down on. The idea that the dollar is the
29:39
way that Fiat money is the way. And again, I keep hearing the
29:42
same receipts because I'm trying to paint the picture of what is
29:46
going on in the world. Jerome Powell on the horns of
29:48
dilemma of the Federal Reserve Zone.
29:49
Making the FED has pushed too hard.
29:52
We are the world Reserve currency and we have weaponized
29:55
the dollar against the world. And people have had enough and
29:59
this is not new in the history of Fiat money.
30:03
They usually only lasts for a couple hundred years and we're
30:06
at that point right now where our dollar may be losing that
30:09
world Reserve currency. But what does this mean for us
30:11
again back to the conversation, we had on the spaces.
30:15
I know there's a lot of fear-mongering going on on
30:18
Twitter and people are talking about, this is the end of the
30:22
u.s. rain, you know, we're about to be an apocalyptic zombie
30:26
apocalypse and where Now going to be eating each other in the
30:28
street or whatever, crazy idea people have.
30:32
But the tldr what we were talking about in our space was
30:36
this idea of guys, the world will be fine, everything will
30:40
work out eventually and there's no need to think that the sky is
30:44
falling on us As Americans. And I brought this tweet up yes
30:48
or a Friday in our space and this is from Lynn Alden and I
30:51
think she did a great job summarizing what is going on
30:54
right now and so the Tweet goes lost in the conversation.
30:57
Turn around recent currency. / energy news is the question of
31:00
whether the current system of dollar hegemony is even good for
31:03
the u.s. the conversations, just assume that it is and discuss
31:06
the risk of. Losing it dollar hegemony
31:08
increases, our import power and decreases our export
31:11
competitiveness which feels good but Hollows out our industrial
31:15
base over decades it's important for DC and the military
31:18
industrial complex while harming domestic manufacturing around.
31:22
The margins Global diversification of Central Bank
31:25
Reserves and payment rails is bad for the This Empire, but not
31:28
bad for the u.s.a. the country. And I think this is the Crux of
31:32
the conversation, guys. Yes, we may be at the beginning
31:35
of the end of dollar hegemony, but this may not be bad for us
31:40
as Citizens. This may actually be a very
31:43
important state step to going to what we all believe as
31:47
bitcoiners, which is getting the world on a Bitcoin standard.
31:51
So again, the sobering tldr of all this conversation is Yes,
31:57
there are things that are outside of our control, but as
32:01
an individual, as a citizen, the most important thing for you to
32:03
be doing is just opt out of this saving Bitcoin, protect yourself
32:07
and your family. Because the bureaucrats have
32:09
shown a few things, they are not working in your favor but
32:12
instead working for themselves. So cut out that middleman.
32:15
Take back your life. Hold Bitcoin.
32:18
Write down your seed, phrase on something that will last like
32:22
our sponsor bit plates, which is military grade steel.
32:26
So you Don't just have, you know, your piece of paper lost
32:30
in your laundry drawer, but you will have it on steel.
32:34
It is easy to use hard to destroy and it's designed to
32:38
back up your wallet, your seed, phrase.
32:40
This is what you need to do, guys.
32:41
It's a very simple simple process and I tell you guys this
32:44
all the time, provide the value to your fellow man, build your
32:48
skills and do not go down with the sinking ship.
32:51
That is the Federal Reserve. They know it, we know it and
32:54
they will continue to lie to Gaslight.
32:57
I'd all of us you have the power and the tools to survive the
33:00
great transition today that we find ourselves living through
33:03
it. But you need to take action and
33:06
not push it off till tomorrow. Being aware of the situation is
33:09
not enough. You need to take action as well.
33:13
You need to do it today. It's as simple as downloading
33:16
blue wallet or Moon wallet on your phone.
33:18
Now, this isn't the final step, but start somewhere move towards
33:22
getting a significant a while amount of your wealth in
33:25
Bitcoin. That the inevitable end of the
33:29
dollar doesn't hurt you and your family.
33:31
Yes, again, I am being a little hyperbolic, but we are watching
33:35
this play out in real time. It could take ten years five
33:38
years. It could take 20 years, if you
33:41
know, a little bit of History, we may be in the beginning of
33:44
phases and I know a lot of bitcoiners kind of connected to
33:47
the idea of hyperinflation. And why Mark, Germany, and I'm
33:52
not going to say that the US currency is going to
33:55
hyper-inflated overnight. All I'm Saying is that they
33:58
cannot stop printing money. They have to continue to print
34:02
money and we all know what the inevitable end of printing
34:06
money. Is it is hyperinflation of Fiat
34:08
currencies and we are seeing in real time that Nations around
34:11
the world have been pushed too hard and they are posturing
34:15
against the US dollar hegemony. Now, what can we do again?
34:20
It's very simple. Take your Bitcoin into self
34:22
custody. Write down your seed phrase and
34:25
provide more value. Get Skills up, build a community
34:28
around you guys so that you are not affected.
34:31
Anyways. Tell, I know, I ranted.
34:35
I know I went hard. But what are your thoughts on
34:36
all this? I think that some of the things
34:39
that people are saying in Chad is extremely applicable to right
34:41
now. A couple people have pointed out
34:43
how things move faster now and we continually compare things
34:47
that are happening. Now, using the time scales, the
34:50
infrastructure, the ideas of the past, like oh something happened
34:54
over the course of 100 years back then it's like, yeah.
34:56
But then you had a dude with a pickaxe Mining and out there in
34:59
the field with his home and maybe maybe some moxon plowing
35:04
the fields. Now we have Caterpillar tractors
35:06
that can do the work of an oxen and a team of men in my new
35:10
fraction of the amount of time and everything is that way.
35:14
Think about how long it took to get a message from say New York
35:17
over to Paris back a hundred years ago, you've got to write
35:20
it out on a piece of paper that takes time.
35:22
You've got to give it to the guy.
35:23
He's got to take it to the boat that's got to go across the
35:25
pond. That's gotta mean that's that's
35:26
months of travel and time and does it get lost or they
35:29
actually get it there at assuming everything goes
35:31
correctly. You're talking about.
35:33
Months. I am minimum, I'm guessing like
35:35
three months or something. I mean now telegram signal.
35:39
Whatever an email. Boom it's there.
35:41
I type it out, Gmail properly. Make sure is that I say what I
35:45
want to say it autocompletes things that make suggestions.
35:48
I mean it's it's mind-blowing so to think that things are
35:51
happening on the same time scale.
35:53
Now the way they did even 10 years ago is laughable things
35:57
happen. So fast.
35:59
So no matter where you think that we're at in this transition
36:01
from this to that at the US dollar to The Brick.
36:04
So you want to whatever we are, no matter where it's at.
36:08
This is undeniable right now. We're one day closer to big
36:12
changes than we were yesterday, and that will always be the
36:15
case. So, even if we're on the uptick,
36:17
which I definitely don't think we are in terms of u.s. dollar
36:20
hegemony. We're somewhere closer to that
36:23
change. So is that happening tomorrow?
36:25
Probably not tomorrow next year. Don't know.
36:27
Five years, don't know. 10 years.
36:29
Don't know. In my lifetime seems likely my
36:33
Elves lifetime my their children's almost certainly like
36:36
the idea that oh no, the u.s. dollar is here to say, and
36:39
nothing will ever change is, I mean, is insane.
36:42
It's insane. It's like that's like somebody
36:43
in the middle of the Rome. I mean you see these pictures
36:46
coming out of Paris where the city's literally burning behind
36:48
them and everything is fine. Like I don't know if they're
36:53
posing, if it's for a meme to put online, if it's board.
36:56
Like if it is hey, good job. That was funny.
36:59
But if it's not and they're like if that's actually what they're
37:02
Doing the city is literally burning down around your ears
37:05
like Mouse. Go out to fifty thousand dollars
37:07
lunch or whatever the hell it is that doing over the what can get
37:10
your head straight people get your life, right?
37:12
I'm not saying that you should put everything that you have,
37:14
sell your chairs asleep on the floor to put it all in Bitcoin.
37:17
All I'm going to do is repeat two people Odell and Foss, stay
37:23
humble, Stacks at and be off zero.
37:25
Don't have zero, that's all I'm saying.
37:27
I'm not saying sell everything you have and your first born,
37:30
your arm and a kidney. Don't do that.
37:33
But don't have zero either have some amount Agreed, 100% agree,
37:38
and to your point. And actually to the chats point,
37:41
I think we forget how quickly information is moving through
37:45
society and we have the recent example of SV be the Silicon
37:49
Valley Bank. Like we had a seemingly well-run
37:53
Bank collapse in 24 hours and we saw Credit.
37:56
Suisse basically do the same thing.
37:57
A hundred years just come toppling down overnight.
38:01
Like I do, I really do think that people underestimate like
38:05
the power of you guys tweeting the power of all of us being
38:08
interconnected. As much as I am putting the
38:11
caveat and the context of like, look, this may play out a lot
38:14
longer than we know it will. There's also the potential for
38:17
this to play out a lot quicker than we even understand.
38:20
And this is part of us just being an interconnected modern
38:23
world and it's just one of those things where I always bring it
38:27
back down to bitcoin, you know, like, I'm just so glad I'm a bit
38:30
corner. I'm so glad that I don't have.
38:32
To just abide by the whims of these people.
38:35
These, you know, monetary demons the unproductive class because
38:38
the central planners will ruin all of this.
38:41
They, it may take a long time. It may happen overnight, but
38:44
it's inevitable that those, that print money, those with the
38:46
power of money will hyper inflate the currency and it's
38:49
all about, like, be prepared for this before.
38:52
What's the saying you want your Bitcoin?
38:55
You want to Stack Bitcoin today? Because before you need it it is
38:59
too late. And this is all we're kind of
39:01
trying to say look We understand what is going on here.
39:04
We have the asymmetric knowledge, and more people are
39:07
waking up to this game. On a geopolitical level, not
39:10
just on an individual level, like we are really in different
39:13
times Dorothy and you just better, prepare yourself, take
39:16
that Bitcoin into self custody and protect yourself and your
39:19
family. Anyways Del let's get into the
39:21
News segment we need we got a lot of time.
39:23
Oh yeah. The Daily News, The Daily News
39:29
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40:02
and take self custody of your Bitcoin.
40:06
So over on the Motley Fool which is a website that I guess hires
40:11
people to use their fingers to type things and sometimes that's
40:15
good stuff and oftentimes it's other stuff but today they put
40:19
some stuff out that makes a lot of sense and it resonates with
40:22
people that have been paying attention to this type of stuff.
40:25
Bitcoin uses 50 times less energy than traditional banking
40:29
new study shows. The Bitcoin blockchain gets a
40:31
bad rap from environmentalists and critics and green skull here
40:35
because it's Oof of work, programming used to settle
40:37
transactions is widely portrayed as a hoggish energy, Glutton,
40:41
but stomping. All over the ecological ideas,
40:44
with its massive carbon footprint.
40:46
Some of the most frequently touted research bashing Bitcoins
40:49
power. Use comes from the University of
40:50
Cambridge which pegs Bitcoins, annual power drain, at more than
40:54
one hundred Twenty-One terawatt-hours ranking in the
40:57
top. 30 electricity consumers, worldwide.
41:00
In fact, if Bitcoin was a country, it would be sucking
41:03
down more energy than either the Netherlands or Pakistan.
41:05
According The Cambridge data to give a sense of how much energy
41:08
that is the world count website states that a single TW can
41:12
power 10 billion 100 watt bulbs. At the same time and the power
41:17
panning against Bitcoin isn't just from theoretical academics
41:21
Academia, and secondly nians. It's also coming from the
41:24
leaders within the crypto Community itself.
41:26
Okay. Yeah, we'll be self-proclaimed
41:28
leaders. I suppose it's essential to
41:30
compare Bitcoins energy. This is from the research
41:33
Bitcoins energy consumption with all the aspects of the
41:35
classical. Repayment system.
41:36
Yes and other things as well. This covers banknotes and coins
41:39
cash management in ATM systems card payments point of sale.
41:43
POS payments, Banking and intubating energy consumption,
41:46
Etc. So all the ATM's, all the the
41:48
card things that you're using the scanners, the registers at
41:51
the stores, all of the stuff for the traditional banking system,
41:54
they're talking about here. We've endeavored in our paper to
41:56
answer mathematically and scientifically all these
41:59
challenges for the benefit of decision, makers, researchers,
42:03
and politicians legislators and lid industry Representatives.
42:06
Stayed in the white paper. Perhaps even more electrifying,
42:09
were the result value chain discovered using physics.
42:11
That's good place to start information science and
42:13
economics to compute compare and Define an accurate energy.
42:16
Use assessment of the Trisha traditional banking system which
42:19
was determined to have a shocking annual use profile of
42:23
4980. One compared to Bitcoins 89.
42:28
We've demonstrated the Bitcoin consumes 56 times less energy
42:33
than the classical system and I don't think that's even a cow.
42:36
Waiting for all of the the people required to fund it that
42:41
system or not funded. But to to operate that system,
42:44
how many people are driving in their cars to get to these
42:47
places to the bank's? How many people like?
42:49
There's so much more than just the lights and the computers at
42:52
the banks that require these things to operate any of that at
42:56
the single transaction, level a proof-of-work.
42:58
Transaction proves to be 125 times more energy efficient when
43:02
the Bitcoin lightning layer is compared the instant payment
43:05
scheme Bitcoin. Gaines exponentially in
43:07
scalability and efficiency proving to be up to a million
43:11
times more energy, efficient per transaction, than instant
43:15
payments. So the long and short here is
43:18
that Bitcoin as commonly being demonized, unnecessarily wrongly
43:24
from people that are either ignorant or have something out
43:27
to, to Value from Attack. They're not to Value to, to gain
43:31
from attacking Bitcoin, people like like that, the whole
43:34
Satoshi, and Greenpeace they're out here touting their own
43:38
thing, ball. Bashing Bitcoins, like, look if
43:41
your thing was so good, it would work on its own Merit.
43:43
It, you don't have to go and talk about it.
43:45
When's the last time you saw in and out, have an ad for how good
43:48
their burgers are, they don't have ads.
43:51
You just know. It's the best drive-through out
43:52
there in, in the world of fast food in announce, got the best
43:55
burgers. They don't have to advertise.
43:56
They're not attacking McDonald's are not attacking anybody.
43:58
They just make good burgers from good quality stuff.
44:01
I mean, it's so fast food, but whatever.
44:04
Bitcoin is clearly a winner when it comes to this and people back
44:09
to the, the, the spread of information.
44:11
It's just going to take a few people few Boomers going.
44:13
Oh, I just took my money out of the bank, put it into Bitcoin,
44:16
and my, my grandson, my son, my whoever, my buddy, showed me
44:19
that I can just move this, and I don't have to wait.
44:22
You don't have to wait. I have holds on these checks
44:24
over x amount of money. Yeah, well, I moved three
44:26
million dollars and there was a hole.
44:28
No, there's no hold. Would you do I just sent it?
44:31
We're anywhere I wanted. Oh, interesting.
44:34
Much energy did that use? As if that's going to come up to
44:36
someone Boomers mind, they're not going to care about the
44:37
energy. Oh, I don't know, didn't use
44:39
anything? My phone tap of a button over
44:42
here. Continuing the news from coin
44:43
papers is a little bit different but following the whole top down
44:48
regulation that that want people want to impose on this YouTube,
44:51
an anonymous crypto transfers of over 1000 Euro, which isn't all
44:56
that much and it's actually less and less.
44:58
As time goes on, the so-called you single rule book, detailing
45:02
rules of Being due diligence on customers, interesting handling,
45:08
transparency of beneficial owners disclosing the identity
45:12
of the ultimate owner controlling an entity through a
45:14
web of other entities and dealing with the use of
45:16
anonymous instruments, such as crypto assets, the sixth
45:20
anti-money laundering directive. So they've had five more than
45:23
these enduring authorities. Access to necessary.
45:27
Who determines necessary real quick?
45:29
Who me you? I don't know.
45:31
I'm not smart enough to determine what's necessary.
45:34
Reliable information, for example, on assets, stored in
45:38
free zones. I don't know what that means,
45:40
but I'm guessing on your phone. While it's places that are not
45:43
under the purview of government people, that want to know these
45:46
things. The draft establishing the
45:48
European anti-money laundering Authority MLA for ensuring
45:51
compliance with a MLA / CF T. Combating the financing of
45:55
terrorism regulations they can slap whatever names they want on
45:58
these things. They did, they do to try and get
46:00
it passed. According to the provisions,
46:02
contained in the drafts Bank script.
46:04
Currency companies real and virtual estate agents and some
46:08
other types of Enterprises, that's that's pretty Broad.
46:12
We'll have to conduct a check up on their customers identity and
46:15
assets the regulations. Also put a cap on transactions.
46:19
The limit has been set to 7,000 Euro, for cash and 1,000 Euro,
46:25
which is about 1087 USD. At the time of writing for
46:28
anonymous cryptocurrency transfers, the new European
46:31
Watchdog will monitor, who's setting that Watchdog system of
46:36
will monitor emerging problems. Related to money laundering in
46:39
the financial system for us. It is important.
46:41
The new Authority cop Wait to cooperate, very closely with the
46:44
national supervisors and that it directly supervises, the
46:47
riskiest crypto assets service providers and companies in the
46:51
financial sector that operate in several member states.
46:53
For the first time all the drafts had sickenin, significant
46:57
backing, 99m EPS, voted in favor of the single book with eight
47:00
against and six abstentions. The second Bill scored
47:04
respectively, one of 750 and the latter, 10 to 11 to the
47:09
negotiations on the final shape of the bill will start.
47:12
At the plenary session of the European Parliament of in April
47:16
these terms that they're using these.
47:18
These riskiest crypto who determines that there's so many
47:23
of this, that just falls under some person, or some board that
47:26
just gets to say whatever it is. They want you can put almost
47:29
anything you want under unnie, any unnie goodness, gracious.
47:33
So many of these things are umbrellas that they could shove
47:36
whatever they want under that. Oh, you're going out and buying
47:39
XYZ that's going to fall under money laundering.
47:42
You're going to go and do this, that's over this, that's these
47:44
amounts. They tried to do this, just,
47:46
this glass taxis in the US where they wanted to have every single
47:49
transaction over 60 or not sixty six hundred dollars on venmo or
47:53
all these two transactions. Anything happening to be
47:56
monitored and recorded. Thankfully, they push that off,
47:58
I hope indefinitely. But the amount of control and
48:02
top-down regulation that these different authorities want is a,
48:07
it's an insatiable monster. And that is all that govern, it
48:11
government grows. Rose and grows and grows it,
48:13
almost never shrinks. And if it does it just shrinks
48:17
for like it's like back one step forward.
48:20
Another 10. It's just like okay well we'll
48:22
reduce this to make the peons happy for a moment.
48:25
Well secretly sliding in something else and then you find
48:27
out years later down the road. It's it's insane, the amount of
48:31
Regulation and control that they want, all in the name of.
48:35
I mean, I don't even know if they're trying to hide anymore,
48:37
they're just saying control. It's not don't even really
48:40
saying that they want anything here in in benefit.
48:42
Is there just saying due diligence on customers and to
48:45
Identity and assets? That, I guess the closest thing
48:48
that the get to a reason is the the anti-terrorism up here, the
48:52
the combating the financing of terrorism, what's that?
48:56
Like, if I sell a banana to a guy and then he goes off and
48:58
good checks a website, that's deemed not appropriate it.
49:01
Did I financed terrorism terrorism by giving them a
49:05
banana, who knows? Maybe if they say so craziness.
49:11
Absolute craziness. Yeah, absolute Madness.
49:16
And you know I'm going to take a little toxic Bitcoin since here
49:21
you know as a Bitcoin ER we know Bitcoin is the greenest industry
49:24
period but I'm not even gonna argue about Bitcoin to energy
49:28
use or what the EU thinks it's going to do, you know?
49:31
I know, I know it weighs less than the Fiat system.
49:33
I know it offers freedom from institutional theft that a
49:38
government just doesn't want nor wants to allow.
49:41
Ow. So again I'm going to take the
49:43
toxic stance of asking and posing a simple question, what
49:47
are you going to do about it? Because this is what things boil
49:50
down to the incentives of Bitcoin are too strong to stop
49:54
Bitcoin miners to stop me and you from saving and Bitcoin.
49:58
Bitcoin is better money Tech and the free market has freely
50:02
chosen Bitcoin. And no amount of pontificating
50:06
from people that are Bitcoin critics or people that are
50:10
talking about Bitcoins environmental, use, whatever
50:13
excetera the boils down to. What are you going to do about
50:17
it? Because you can cry all you
50:19
want. You can say whatever you want to
50:21
stop Bitcoin. But Bitcoin is a peaceful
50:24
Revolution and people opt into the Bitcoin network of their
50:27
Free Will. And if you want to stop this
50:30
you're going to have to reveal your hand.
50:32
You want to Violent violently forced people to use a money
50:36
that steals from them. Now, are you willing to say this
50:39
upfront? No, they are.
50:41
Going to cloak this in all my environment I you know Bitcoin
50:44
energy, use Fudd or Bitcoin is for criminals.
50:47
The same thing. We've been fighting for the last
50:49
10. 12 years is the narrative war that we find ourselves in
50:55
but it all boils down to one thing and it's something we
50:59
talked about a lot on this show and it's something we talked
51:00
about a lot on Twitter. It is that Bitcoin has
51:03
disintermediated, the Monopoly on violence, and the powers that
51:07
be do not want to give up that power easily.
51:11
So I'm not going to argue the use of Bitcoin a Bitcoins energy
51:16
use anymore. I'm not going to try to lean
51:19
into these people's narratives in regards to 0.
51:22
Bitcoin is a fully transparent, Ledger 00, Bitcoin uses less
51:26
energy than the Fiat system. You know, like I don't see War
51:30
warships, backing up the Bitcoin Network like it does for the
51:32
Fiat money system. And I think this is the signal
51:36
here is because these people are not arguing and get good faith.
51:42
They simply want to control, you control your family and be
51:46
institutionally legalized stealing from you and they want
51:51
to force you into the system. They're just too cowardice to
51:55
say that up front. So they're going to click this
51:57
and all kinds of feel-good narratives but it all boils down
51:59
to. What are you going to do about
52:01
it? I'm not going to stop running my
52:02
nodes. I know you guys aren't.
52:04
I know the Bitcoin miners aren't going to make a bad economic
52:07
decision and not run their Bitcoin miners like it's very
52:10
simple. Economics.
52:11
Right now, the market free market has freely chosen
52:15
Bitcoin. We have opted into the network.
52:17
This is a peaceful Revolution. All we really want to do is stop
52:21
getting stolen from. And now, these people are going
52:24
to have to eventually reveal their hand that what they really
52:27
want to do is force you guys violently to use a money.
52:32
That steals from you. This is the bottom line and I
52:36
maybe I'm getting frustrated this morning and we're arguing
52:39
about the merits of bit Coin, when obviously around the world,
52:43
we have Global consensus that Bitcoin has value.
52:46
Because it's what what's what's it trading at right now?
52:49
28k the world has chosen Bitcoin and they will continue to do.
52:54
So as we opted, out of the Fiat, Madness.
52:58
Anyways, great great. Great.
53:00
Great covering of today, do, but let's get into everyone favorite
53:03
portion of the show that mean review.
53:08
The daily meme review brought to you by Kaboom racks.
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Kaboom. You already know this is the
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main review sponsored by our boys over at Kaboom racks, as we
53:42
continuously cover on the show. We are in an information War
53:47
currently in real-time. And Tweeter, the bullets memes
53:50
are the artillery. We need to continue to ridicule.
53:53
The corporate press continue to get the cause of action out
53:57
there. So more people wake up to the
53:59
reality of what is going on right now.
54:02
Put truth in art spread the signal, get more people on the
54:05
Bitcoin standard. But hey, as I've been chastised
54:09
in the past memes are not enough, it is only half the
54:12
battle. Telling people what to do is
54:16
where the memes come in. And the second part is getting
54:19
people to hold Bitcoin, saving Bitcoin, and spread Bighorn, and
54:23
opt into the circular economy that is Bitcoin.
54:26
Anyways, first and foremost, its first meme is by friend of the
54:30
show. Greg zaj one or Greg sighs, you
54:33
know, I forget which one what you go by.
54:35
Now he goes been seeing a lot of Washing just remember we see
54:38
you. We got a little little parasite,
54:42
worm sitting in a couch in someone's stomach i-i'm guessing
54:47
and we got some white fluid jumping on its head and shit
54:50
coin money. And we got some more white fluid
54:53
and VC money and the orange watching is, but guys, I love
54:56
Bitcoin. Remember, I'm a big hunter.
54:58
Remember, we're all in this together.
55:00
No, there's Bitcoin. And there's shit coin and we are
55:03
not the same. Anyways, there's next meme is by
55:06
Another friend of the show R opium AKA rope and he goes build
55:09
black markets. Not telling you to do anything
55:12
illegal. All I'm saying is Bitcoin is
55:14
freely chosen free market money and there's nothing a government
55:18
bureaucrat can do to stop it. Anyways, we got this very
55:22
psychedelic, transparent view of I'm guessing different
55:27
dimensions ropes, going to kill me because I'm butchering his
55:29
meme. Anyways, we got, we got a
55:32
skeleton with flames around, and he's going towards the rainbow,
55:35
maybe the singularity, And he's pulling someone else and he goes
55:39
fuck their money and he's pulling them through the Fiat
55:42
Matrix and he goes, so the state hates me.
55:44
But why would they do this? Why would they do that?
55:49
Here, we are as bitcoiners, just trying to pull people out of the
55:51
Fiat Matrix and this is what it feels like you got to go through
55:56
the flames and come out a Rising Phoenix.
55:58
I don't know, rope you tell me the DM is if I butchered that
56:01
one. I know I did.
56:02
Anyways. This next one is by the BTC
56:05
therapist and he goes one thing. We can all agree on hashtag BTC
56:10
and this is a classic update of the Bitcoin Network Bitcoin.
56:13
No network and you can see a bunch of people connected via
56:18
the Bitcoin Network in the Bitcoin logos in the middle and
56:20
we have countries here. What Venezuela Brazil, America
56:23
Russia, this Italy El Salvador. I think that's turkey or maybe
56:29
that one. I don't know.
56:31
I dude I'm an American Public School student.
56:33
I don't know Flags. Anyways it's just it's just an
56:36
example. Of Bitcoin is about peer-to-peer
56:40
running the code and connecting the world via a monetary Ledger
56:44
that cannot get debased. Anyways this next meme is by
56:47
relay app on Twitter and it goes just bit Corner things and
56:50
there's a picture of a guy, taking a selfie and behind him,
56:53
there is a huge fire and the huge fire is my bank account.
56:59
And the guy taking a selfie is me buying we just one more dip.
57:02
Just one more dip. What I can, I can avoid lunch
57:06
one more time. I'm and stacks more Bitcoin.
57:08
This is the way I no I no doubt told you don't sell your kidneys
57:11
and your right arm and your chair for Bitcoin but I'm gonna
57:15
double down and say so everything for more Bitcoin.
57:18
Now, be responsible. This is not Financial advice.
57:20
Just do what's best for you. Anyways, this last meme is by at
57:24
bold Bitcoin on Twitter and it goes break out of the Matrix
57:27
with Bitcoin and we got I think this is Alice in Wonderland a
57:31
pencil dong of Alice in Wonderland and it goes when you
57:33
start seeing Beyond the Veil and Beyond the Veil is the The
57:37
Matrix in real time. This is what happens when you
57:40
get orange. Pilled oh wait, ha ha ruff ruff
57:47
wrecked. Okay.
57:47
I should have started on the bottom, whatever, whatever.
57:50
Yeah, it's not what? No one gets it.
57:51
These memes are hard to explain, dude.
57:53
I'm doing my best guys, I'm doing my best with your very,
57:56
very brutal. Yeah, right.
57:58
Anyways guys. Drop your mean review score in
58:00
the chat as we cover hours live, and we will cover yours as well.
58:05
Anyways, my I mean, review score for today is A wire hanger, do
58:13
not think anything nefarious. It is just a wire hanger.
58:21
Yeah, I know, I obviously, it's just water in real time.
58:26
I just realized, like, wait, they're going to take this the
58:29
wrong way. Wreck the okay good.
58:31
Okay, everybody. Got a couple.
58:34
All right, your score and if your score a real janky, ooh,
58:41
that's a good school are very good score, very good score.
58:45
Okay guys? Why I am covering your mean
58:47
review score before that go check out represent.
58:50
LTD.com get yourself some simply Bitcoin theme merch.
58:55
I think rolled out 100%, sold out all gone.
58:58
So go check out all the other merch.
59:01
It has used the promo code simply displays.
59:04
As Bitcoin and you can get a discount but guys, make up
59:07
enough. Make make enough noise and we'll
59:10
have to force represents hand and get some more simply Bitcoin
59:14
thing, merge. I want to see you guys wearing
59:16
that Bitcoin conference 2023 but we wear it every single day.
59:21
I am wearing the trust, no one orange pill shirt Dell is
59:26
wearing. Which one is that the truth from
59:28
Psalms? Yeah.
59:29
Truth bomb. This is a peaceful Revolution,
59:30
but we be dropping truth bombs every single day.
59:34
Okay, let's get into some of these mean review scores.
59:37
I think I saw some in here already.
59:40
Oh man. Becca racked.
59:42
Okay. Can't cover that one.
59:45
But yes, yes, yes. Okay, first mean review score is
59:48
by hot aucoin. You guys I give those memes a
59:50
plastic dark breaks after a few throws at paintings Fiat
59:55
wrecked. Okay, perfect.
59:56
Perfect. This next one by Elaine, shouts
59:59
out to you Lynn. She goes score Warren's tears
1:00:01
when her 67 million Fiat goes. The toilet and Bitcoin saves the
1:00:06
day for the plebs. Yes. 100%.
1:00:09
Double down on that one. This next one is by ego and he
1:00:12
goes I give those memes a black meme belt from ropes.
1:00:16
Wait no, come on, I'm out what. All right, I should probably
1:00:22
read these before. Anyways, this next one is buy
1:00:25
Bitcoin for Canadian. I give those memes a large
1:00:28
coffee with an extra shot of espresso.
1:00:31
Yeah, I agree. Okay.
1:00:34
Hold on Becca. I'm going to say this anyways
1:00:36
but I know I'm going toward I give these memes a sot DBA.
1:00:40
See if you know you know, I don't know.
1:00:44
Oh man, I do know. I probably should have read that
1:00:45
one anyways. This next one is by Nigel Lowery
1:00:48
irate. He's 10.
1:00:50
Warren bucks. Okay.
1:00:52
Okay, hold on, I'll get a few more real worthless.
1:00:55
Yeah, rope, I score. One bad explanation of my score.
1:01:00
Give me an easier meal, that one's hard.
1:01:02
That was a hard name to explain. Anyway if you deserve real
1:01:04
money, I give those memes a mug of delicious salty status tears.
1:01:08
Let's go. I agree with that one.
1:01:10
Okay, last one, last one, by narwhal tacos.
1:01:14
I give those memes the last two words of my Pratt passphrase
1:01:17
bacon and bacon if No, you know. Okay, okay guys.
1:01:23
Well really appreciate you guys. Shout out to you guys.
1:01:27
It is Monday, the beginning of the week and we are going to
1:01:29
continue to give you guys the signal.
1:01:31
If you want to catch the audio only show, we are on anchor
1:01:34
Spotify, apple and we are a part of the value for Value economy
1:01:38
on Fountain. I just remember that.
1:01:40
I did forget comments last week, I think, at this point, I'm
1:01:44
going to like, just know, I appreciate you guys.
1:01:47
I might forget the bring this up and I'll do my best to remember
1:01:50
this next Friday. So many things happening in
1:01:52
real-time, guys. Apologies, love you guys.
1:01:54
Really, really appreciate everyone's support spread all
1:01:57
the Bitcoin signaled. That is what matters.
1:02:00
It's not just about us. It's about spreading all the
1:02:02
signals. So the world wakes up to the
1:02:07
Bitcoin standard. Anyways, Del I think we killed
1:02:10
it on this one. Compared to the last Wednesday.
1:02:12
I think, I think I Rapport is building brother.
1:02:14
So glad to have the funky hottel, Sapien, a Dell on the
1:02:20
show, let's go boys and girls. Anyways you already know the
1:02:24
deal. We are still going live on
1:02:27
Twitter spaces right now. So Del if you want to join us,
1:02:30
join us, everyone else. Join us on Twitter spaces as we
1:02:33
continue to spread the signal come up, add your two sets to
1:02:36
the conversation and we will orange pill the world in
1:02:41
real-time. So really appreciate you guys
1:02:44
supporting us and we will be back.
1:02:46
Tomorrow, Nico will be back tomorrow.
1:02:48
He needed he needed to take a break.
1:02:50
He's a little worn out, but hey, the show, don't stop.
1:02:54
And we continue to give you guys the signal.
1:02:56
So see you tomorrow for the same, same show that you love.
1:03:01
Peace out, guys.