Latest / Simply Bitcoin / Why Brad Sherman is Terrified of Bitcoin | EP 737

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Why Brad Sherman is Terrified of Bitcoin | EP 737 · Simply Bitcoin

0:22
Good morning everybody. It is your boy Opti, we are back
0:25
for another episode of Simply Bitcoin.
0:29
Let's go today. Is May 11th 2023 and welcome,
0:34
welcome welcome. I'm glad to have you guys at.
0:36
We have a very special show lined up for you guys.
0:38
As you can tell I'm hosting the show again but we are still your
0:42
number one source for the peaceful Bitcoin Revolution, we
0:44
cover breaking news, culture and memetic warfare.
0:47
We bring on bitcoiners from all walks of life, literally from
0:50
all around the world from the biggest names.
0:52
To the everyday Bitcoin. ER, we got them all.
0:54
This is what we aim to do for you guys.
0:56
Just bring on all the voices the Bitcoin so that you guys can get
1:00
the signal from every angle and we will be your guide through
1:03
the separation of money and state.
1:06
And I couldn't have a better co-host today.
1:09
We are experimenting a little bit.
1:11
We got one of our boys over here.
1:13
You guys hear them all the time on Twitter spaces, but again,
1:16
considering everything we are seeing the last couple of days.
1:19
The last couple of weeks, I am very excited.
1:22
Today's Show with my boy Mike Hulbert, but before I bring him
1:25
in, I know you guys looked at that.
1:27
Thumbnail, it's so beautiful. It's got my favorite politician
1:30
on it. Brad Sherman.
1:32
And it's very interesting that we talk about this all the time,
1:35
this idea of the separation of money and state and me and Mike
1:40
were just having this conversation behind the scene of
1:42
when the politicians start talking about the quiet Parts
1:45
out loud. This is really when you start to
1:48
see the trust in the system start to break down.
1:52
Down. And not only are we seeing this
1:54
coming from the Bitcoin perspective?
1:55
We are seeing this coming from just the average everyday
1:58
person. We seen the polls.
2:00
We see that people are feeling the pain of the economy.
2:03
We're seeing people don't trust the banks and we are seeing
2:06
politicians, say what does bitcoiners have been saying for
2:09
a long, long time in the halls of Congress, is absolutely
2:12
beautiful. And then, furthermore, we have
2:15
some, some new bills that are getting passed in Texas and I
2:19
think it is very interesting to Talk about this stuff excuse me
2:24
because one of the things that I've noticed is a lot of us
2:28
bitcoiners. We get are not even just Bitcoin
2:30
of just everyday average people we get into this idea.
2:33
Of theirs is giant conglomerate of people that are after us.
2:37
You know we get our paranoid hat on and it's like oh they are all
2:41
coordinated and in sync and they're here to attack us and
2:45
they're so smart and there's so coordinated.
2:47
And I think what we are seeing happen is the idea, breaking
2:52
down that there is many factions right now.
2:57
Co-opting power and angling themselves to get more power.
3:02
And there's still some politicians out there that I
3:04
think are trying to do the right thing and protect the average
3:07
citizen out there. But again, I don't think as
3:10
bitcoiners this necessarily matters, if you run the code, if
3:14
you run the software, take your Bitcoin into self custody as
3:17
Mike said in the beginning. This is all just a trojan horse
3:21
for us bitcoiners to take back our freedom.
3:24
And without further Ado, let's bring in Mike I'm excited for
3:27
today's show. This one's going to be a good
3:29
one. I got I got some some good Clips
3:31
in here. I think we're going to go super
3:33
hard on everything that Mike and I have been talking about Mike's
3:36
been dropping some, some signal on the simply Bitcoin.
3:40
Act and actually some good tweets.
3:42
So we'll see. We'll see.
3:43
We'll see how long I'm able to bring everything in for you.
3:46
But how you doing this morning? Mike what's up, man?
3:49
And what's up? Nerds for the cat?
3:52
Sup nerds, hold on with the finger crack.
3:55
That was good. If you guys heard the
3:57
conversation before, you'd understand how hilarious that
4:00
is. But yeah, man, I'm excited for
4:02
this one and again, I know you guys love the mic Hobart steaks.
4:07
So we're going to come in hard on today's show.
4:09
Show. But anyways, without further
4:11
Ado, let's get into the numbers boys and girls the Bitcoin
4:17
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Visit not all Dottie you today. Man, I hold on before I get into
4:45
the numbers section, I absolutely love our YouTube
4:47
chat. You guys are the go-to anyways.
4:49
Anyways, you already know you guys better be in Miami next
4:53
week. I hope to hang out with you
4:55
guys. You already know Bitcoin 2023 in
4:58
Miami Beach May 18th to the 20th, and we're going to be down
5:02
there. I'll be down there, Tuesday
5:04
night, I'll be hanging out all week.
5:06
Actually, on that note, I think next week, Wednesday through
5:10
Friday, we are going to have to take a Hiatus.
5:12
We will be dropping content for you guys, but we are all booked
5:17
up. Niko's, got the thank God for
5:18
Bitcoin, on the Wednesday. I'm on the analyst desk on
5:22
Thursday, Niko's working, all Friday.
5:25
But man, I said this yesterday and there's a the very
5:29
interesting theme and I'm basically going to connect this
5:32
Hall with everything we're talking about today.
5:34
But when we were talking about the Bitcoin conference at the
5:37
beginning of the year, when we, when we first were bringing
5:40
people from Big climax, In on the show, we had this
5:43
conversation that it was going to be energy themed.
5:46
And now we're kind of having this new view come out, that it
5:50
might be a lot more political, than most of us.
5:53
Even thought, you know, we got Robert F, Kennedy.
5:55
We got Vivek ramaswamy, we got Tulsi gabbard, we have ridwan
5:59
Kamil from West Java. We have, you know, Cynthia
6:02
lummis. Like Patrick McHenry, I think
6:05
it's going to be a very interesting conference and I
6:08
just hope you guys go hang out with us.
6:11
It's a Mecca down there in Miami, but I'm connecting all
6:15
this together with the ideas of everything, we're going to be
6:17
talking about today. It is the fact that everyone is
6:21
vying for power and Bitcoin is becoming a very, very hot topic.
6:26
Anyways, we'll get into that the rest of the show.
6:28
Before we go on, we are over here on Clark movies dashboard
6:31
and the current block hide is seven hundred eighty nine
6:34
thousand two hundred and seventy all-time high in block height.
6:37
It's almost like Bitcoin works. You might want to get some just
6:40
kiss of catches on anyway. The current bitcoin price is at
6:44
27,000, 210, which means the Moscow time aka the saps per
6:49
dollar is at three thousand six hundred and seventy-four.
6:52
Let's hope Hot or Not is right and we never see 4K again, but
6:55
hey, let's not hold her breath. We're we might have one more
6:58
drop in us, but who knows? Who knows.
7:00
No, no more tea leaves. Anyways, the percentage of total
7:04
Bitcoin ever going to be created is at ninety two point two four
7:08
percent again that is all Bitcoin.
7:11
Whenever is already in circulation at 92 point to 4%,
7:16
the current realized monetary inflation is 1.75 percent taking
7:21
Fiat currencies to school. We just got the CPI numbers in
7:23
yesterday and it was at four point nine and it reminds me of
7:26
what Greg Foster saying is like, yeah.
7:28
Last year, I lost eight pounds, but this year, I know, last
7:31
year, I gained eight pounds but this year I only gained five
7:33
like we're doing so well. Yeah, I realized that framing
7:38
anyways, the current market capitalization of Bitcoin in
7:41
Fiat. Our price is five hundred and
7:43
twenty seven point two billion dollars.
7:45
The Bitcoin Bears. Gold market cap is three point
7:47
eight seven percent less than 4% of the gold market cap.
7:51
There's so much to do so much to grow in the Bitcoin space and
7:54
you guys still think we're late anyways, the total capacity in
7:57
the lightning Network at least. Public capacity is 5342 point 0
8:02
7, B TC which equals out to a hundred and forty five point
8:05
four million dollars in Fiat dirty cut bucks.
8:09
Anyways there's Alec reachable, Bitcoin, nose is seventeen
8:13
thousand and Ninety Six, the hash rate, the last 2016 blocks
8:18
is at 350 x. A hashes, the last 90 days at
8:22
332 exit hashes and I brought in these new numbers because I
8:27
think they're very interesting yesterday.
8:30
The estimated difficulty change was that like - 3 today?
8:33
We're at point one percent. So, hey, it's almost like the
8:37
Bitcoin network is working as plan and I know everyone is
8:40
watching the mempool. On men pulled space right now.
8:44
And so I'm adding these numbers. I did see this morning that the
8:48
SATs /. Yeah, the the SATs / B are going
8:52
down. We have yet to see the once at
8:55
fees again. But, hey, the low priority is at
8:58
eight sets right now. It's dude, we're almost back to
9:00
normal guys. Anyways, 70 blocks to clear and
9:05
the pending fees is 17, .64 BTC. So it's almost like Bitcoin
9:09
works is. It's almost like it's Designed
9:11
to work in a very special way. Anyways, let's get into this
9:15
numbers guys. I know you guys saw this this
9:18
clip over on coin desk. They clip 14 seconds of it and
9:22
they got the very spicy part. But I went over, I subjected
9:27
myself to a lot longer of this Congress hearing that I wanted
9:32
to and I by got more. I got more ridiculous stuff from
9:37
Brad Sherman. And like I said in the
9:40
thumbnail, he's by far my Politician.
9:42
Because he's saying the quiet Parts out loud.
9:44
He is, you know, and actually me and Michael probably have a
9:47
little debate on this one because we have had the same
9:50
debate in spaces, but he's like the only politician that really
9:54
knows what game is being played. And every time I hear you, okay,
9:59
okay, let's go get into it but in my opinion Brad, Sherman is
10:03
absolutely terrified of Bitcoin. A rather paid off to act like
10:07
he's terrified of Bitcoin. And guys just listen just like
10:11
I'm gonna just let him speak because this is absolutely
10:14
ridiculous and it's a little longer clip than usual but I had
10:18
to get all this sauce in the here for you guys.
10:20
So you could just hear how ridiculous is guy really is.
10:23
All right check this out. Missing out.
10:28
Somebody else may get ahead of us in this technology.
10:31
Bahamas is ahead of us. Peru is ahead of us and cocaine
10:38
cultivation. China is ahead of us in organ
10:40
harvesting. In the Cayman Islands is ahead
10:42
of us and financial crime. We don't need to catch up.
10:48
Fentanyl is a new Innovative technology.
10:52
We don't need a regulatory system that rewards those who
10:56
created that innovation. There are gaps in our regulatory
11:01
system because Congress fails to pass a law prohibiting Americans
11:05
from buying cryptocurrency. There are gaps in our law
11:09
because we have not in the alternative passed a law saying,
11:12
the cryptocurrencies clearly is security.
11:15
So, we're going to leave it to the courts to decide based on
11:17
the Howey test. And there are gaps because the
11:20
crypto industry cannot Prosper. Unless much of it is under water
11:27
immune from the know, your cart currency know, your customer
11:30
anti-money laundering statutes. That doesn't mean everybody who
11:34
invest in cryptocurrency is trying to hide money.
11:39
Although cryptocurrency means hidden money, sometimes they
11:43
think they can just make a profit investing in
11:46
cryptocurrency and selling it to someone else who needs to hide
11:50
their money. Just as you can make money by
11:53
investing in a burglary burglary tool Factory without actually
11:57
being a burglar. Sam faint bakeman, freed is out
12:02
on bail. Unfortunately, living in my
12:04
state, much better than most of my constituents.
12:08
But his ghost is still in this room.
12:12
He haunts the halls of Rayburn but let's remember why he was
12:17
here for one reason to prevent the SEC from having jurisdiction
12:24
over cryptocurrency and to give cryptocurrency the baby
12:29
regulation, the patina of Regulation, that would be
12:32
provided through this cftc. If you want to know whether it
12:39
whether crypto is a currency. Or rather a crypto is a
12:44
security. Just ask yourself those in the
12:47
crypto business engaged in the financial services business or
12:51
the agriculture business. It's clear that they want the
12:55
agriculture committee regulator on this to provide a patina of
13:01
Regulation. All of the money and power in
13:06
this town. Is in the hay Pro crypto side
13:10
because crypto Bros make money literally by making money and
13:13
they've made over a trillion dollars out of thin air.
13:18
They'll accuse the US government of making money out of thin air.
13:21
Maybe we do, but where the US government, What were able to do
13:27
benefits, the American people in a democratic system.
13:31
Nobody elected sandbank manfried All right, all right, so much to
13:39
unpack, but I'm glad I did that whole thing for you guys, so you
13:43
guys can hear it. I mean, first and foremost of
13:46
the framing, the original framing of the beginning of that
13:49
clip, you know, compassion the foam of missing out to organ,
13:53
harvesting drug, use and criminality is just absolutely
13:56
insane. And it just goes to show the gas
13:58
lighting that politicians like Brad, Sherman due to the average
14:02
Normie out there. But again, I honestly like
14:05
hearing that as a Bitcoin uryu as a Bitcoin only person, I'm
14:11
kind of like agreeing with him to an extent because like
14:13
there's Bitcoin and there's crypto and like whoever gave SPF
14:17
like God King status here, like he's a scammer, I do not condone
14:20
SPF and I've been saying for a while that ft x will be used for
14:24
low hanging fruit for a long time.
14:26
To make us all look bad shit Corners make us all look bad
14:29
over time and we don't want to use weed.
14:35
Making examples of the scammers, I think is a good thing moving
14:40
forward so that we can separate Bitcoin from crypto anyways.
14:43
Mike before before you jump in here, I want to I want to read
14:47
this sentence from Marty bent the bat newsletter issue. 1342
14:53
Bitcoin doesn't come out of thin air because obviously we're
14:57
saying, he said the the quiet part out loud.
15:00
And as bitcoiners, how many times have we had this
15:03
conversation that printing money?
15:05
Money is literally making money out of thin air Fiat, literally
15:08
means by decree and they justify all of this stuff because it
15:13
quote on quote benefits, the American people in a democratic
15:17
process. But I really like, how Marty
15:19
bench sum this up, Sherman's comments, make it obvious that
15:21
he believes two things that Bitcoin is created out of thin
15:24
air. And that the u.s. government is
15:26
supposed to be the final decision maker on what money
15:28
people can use Sherman's comments, highlight, how truly
15:31
disconnected politicians have become from their duties as
15:34
civil servants. These people truly believe they
15:37
should rule over us. The concept of them working on
15:39
behalf of the American people, doesn't even register in their
15:42
mind anymore. They view themselves as rulers
15:44
to be respected and obeyed and they deserve, neither our
15:47
respect, or our obedience. These people should be ridiculed
15:50
incessantly and referred to as Predators who feed on an
15:53
unwitting public that has been slowly, but surely forced to
15:56
bend to their well. And this is why I always call
15:59
them the unproductive class because it is becoming very
16:02
obvious where their incentives, lime and Shout Out to Walker
16:06
from the crypto couple who brought this to my attention a
16:09
couple weeks ago. But just check out some of Brad
16:11
Sherman's, you know, biggest donations, some of, you know,
16:16
fedele and Fidelity Investment Blackstone Group and by industry
16:20
Securities and Investments, real estate Democratic party
16:23
commercial Banks insurance. So you can tell where his
16:27
incentive lies and while he may be coming out as like, oh, you
16:32
know, bitcoiners are crypto Bros.
16:35
Are criminals, we know that he's making cover for the banking
16:40
system and while he can parade himself, as being some kind of
16:44
hero, I just he's my favorite politician just because he's
16:48
that transparent, he's just like yeah we should kill Bitcoin
16:53
because they are creating this out of thin air little does, he
16:55
know, probably how mining works but he says the quiet part out
16:59
loud that the u.s. literally makes money out of thin air with
17:03
no proof of work. And It's for your good citizen.
17:06
Just accept it. It's accept being poor except
17:09
that they're stealing your future because hey, look how
17:11
much good we are doing and Men. It's just like, tyrants going to
17:15
Tyrant. Anyways might jump in and then I
17:17
want to I want to show this other little memo that was
17:20
circulated. What's your thoughts on this
17:22
video? And then we'll talk about this
17:23
other little little thing just to kind of add to what we were
17:26
talking about here. Opti buddy.
17:29
We gotta we gotta talk about your favorite people are
17:32
especially when we're talking about individuals that are
17:36
supposed to be representing the United States of America.
17:40
Brad Sherman is not one of those people.
17:42
I would put on that list. I'm being sarcastic.
17:46
I know you, I know you are, but you gotta make it clear.
17:48
Sometimes we do have to make it clear sometimes.
17:50
Yeah. And I understand, I understand
17:52
why he is some of your guys's favorites because he is like the
17:57
weakest part of the opposition. So it's like, like if you're
18:01
trying, if you're trying to break a chain, like your
18:02
favorite Link in the chain, is the weakest one.
18:04
It's like all right, like, yeah, you're my favorite.
18:06
I want to focus on you and we're going to make sure that you
18:09
spread to the the other chains and make everybody else week.
18:14
But first of all, like you touched on with that ridiculous
18:19
little tirade, you went on fentanyl is not an Innovative
18:22
tag so that's a flat out just like falsity and then claiming
18:28
that crypto or Brit Bitcoin needs dark money.
18:33
Like I take it. Brad.
18:34
Sherman is just completely ignorant to the fact of like
18:37
dark pool money and Shadow. Do banking within the current
18:41
Fiat system like like what are we talking about here?
18:44
Like it's just dude. I don't know how much more it's
18:51
just the reason that I take the, I take the aggressive stance
18:55
against Brad against what against you is that politicians
19:01
are supposed to be leaders in some sort of sense, like as far
19:04
as civil servants because true leaders are serving their
19:07
constituents like supposed to like we're supposed to be
19:10
Shepherds to lead everybody to the promised land, right?
19:14
But the fact that he's in this position and he's representing
19:19
the u.s. populist in this way, I guess, just like to and like we
19:24
were discussing earlier like when it comes to.
19:26
So our leadership and our politicians are politicians have
19:30
gotten to the The point of where they're no longer civil servants
19:32
and like the chat is saying their tyrants and they believe
19:36
their royalty and that they are the ones in charge.
19:38
The problem is with what Brad said, like you're talking about
19:41
and saying the quiet part out loud.
19:43
When you're in a position where you're aiming to manipulate the
19:46
populace, You don't acknowledge the double standard that exposes
19:52
just how stupid Brad's German really is.
19:55
And like, that's me being being very Measured and how I talk
20:01
about, how would I think about Brad?
20:02
Like the things that I think about Brad, like, as far as
20:05
like, we can say, in spaces and stuff, but whatever, but Pete
20:10
idiocy is to bring the double standard to light because now,
20:14
every like everybody that is going to see that clip on
20:17
Twitter because nobody watched that livestream everybody,
20:21
that's going to see that on Twitter and on, take talking on
20:22
Instagram because you guys are circulating it as you should.
20:26
They're gonna be at. Wait, wait, wait a minute.
20:29
Rules for me, but not for thee. Like why am I abiding by this
20:34
rule system? Because even children can
20:37
identify that imbalance and then they won't want to play that
20:40
game anymore. It's also one of the reasons why
20:42
people don't like playing Monopoly, besides the fact that
20:44
takes so long. Love it.
20:47
Mike. What was it that you put on
20:48
Twitter yesterday? Something about inflation under
20:52
under that, comment that you saw.
20:53
Oh Sherman. I tweeted that bread over that
20:57
clip. And I said, Brad, you do.
20:59
Why's that the like the the way that they made money, the crypto
21:04
Bros is you referred to the way that they made money off of
21:07
having money, just printed Into Thin Air is because through
21:12
inflation via monetary debasement, you idiot.
21:15
It's like that's exactly what the US dollar did.
21:18
That's why this SNP is up. That's why everybody's house is
21:22
up forty percent, and that's why nobody's actually up on
21:25
anything, love it. Alright guys, at the risk of
21:28
letting the numbers, Little long, Caitlin, Long also,
21:31
retweeted this yesterday and we know that this financial hearing
21:35
happened yesterday, but this came out May 9th.
21:39
So yesterday was May 10th. This memo came out, it got
21:42
leaked yesterday, but just look at what the key messages are
21:46
that? What's it got over here that the
21:49
Dems are sticking to over here. And again we try to stay as
21:52
bipartisan as possible, but it is very obvious that there is a
21:57
cohort of the Left, that are very actively against crypto and
22:03
to an extent. I kind of agree with this but
22:05
there is some some good signal here.
22:07
So I want to read this and me and Mike were kind of going back
22:09
and forth on this one last night.
22:11
So let me just read this real quick and then we'll do a little
22:13
look, a couple of warrants on this.
22:15
So key message is one while Republicans claim that they are
22:17
working to provide Clarity to the markets by carving out,
22:20
space for the cftc and crypto, they're simultaneously
22:23
undermining and hamstring the agency by proposing to cut its
22:26
budget. Republicans are proving that
22:28
they really are. Serious.
22:29
About protecting investors and consumers committee.
22:32
Republicans are trying to pass Pro crypto legislation in June.
22:35
Well newsflash, our nation is set to default on its debt as
22:39
early as June 1st. Interesting.
22:41
Republicans number one, priority must be to join Democrats.
22:44
In passing, a clean debt ceiling, Bill to avoid an
22:46
economic catastrophe before. It's too late, Republicans had
22:49
decided to embark on a partisan pursuit, of sweeping digital
22:53
assets legislation that here x entirely new legal framework for
22:56
the crypto industry. When neither the body nor
22:59
Ministration investors SEC, nor other Financial Regulators have
23:02
called on Congress to do. So, the problem isn't ambiguity,
23:06
it smashed non-compliant with existing laws and crypto
23:09
companies can't be let off the hook.
23:11
The US has a regulatory system that has worked well and
23:13
sustained massive innovation in the financial system.
23:16
For decades, we can't invent new accommodating regulatory
23:19
structure simply because crypto companies refused to follow
23:22
clear rules of the road. If it is a Turf War, if no one
23:25
is it a Turf War if no one is fighting both the SEC and Cftc
23:30
are aligned on the fact that the SEC is the regulator to
23:32
determine if crypto assets are securities and the SEC has made
23:36
it clear that nearly all crypto acids are securities and of
23:40
story. So, first and foremost, I am
23:45
glad that they are at least internally talking about
23:48
defaulting on their debt on June 1st.
23:51
And, you know what's Greg Faust? Always say, it 11th, grade math.
23:55
But again, as a bit corner, and I texted this, To Mike last
23:59
night as a big corner. I kind of like agree with this
24:04
because it is very bent towards like the crypto, you know, the
24:08
crypto space. Yeah.
24:09
Most of the cryptos are securities and the Securities
24:13
laws are very clear about that. You know, the Howey test is very
24:16
clear about what the security and what's not and so like as a
24:20
Bitcoin, I'm kind of like, all right, I like I'm okay with this
24:24
but on like on on a more nuanced take understanding where Use
24:29
nine are uninformed or rather nefarious computer illiterates
24:34
that are in Congress. I know that they're they're
24:37
combining Bit Coin and crypto in one thing.
24:40
And so then you really get to the Crux of the situation and
24:45
where they're trying to angle what they're doing and I mean it
24:48
just it's just disgusting that they are angling to hurt the
24:52
average citizen and it's like something that we'll talk about
24:55
in the next portion as well. But what Mike already said
24:58
politicians. These are supposedly here to
25:02
uphold their oath to, you know, serve the citizens and their
25:06
just actively working for their own benefit and it's just
25:08
becoming more and more clear every single day that you need
25:11
to opt out of this madness and save and Bitcoin.
25:14
Because the powers that be don't care about you.
25:16
Anyways, might jump in before we go into the next segment.
25:20
Oh, I don't think I have a whole lot to say, as far as like a
25:25
scowl continuing on from that, man.
25:27
Let's go on to the next section. All right.
25:28
Beautiful. The Daily News, The Daily News
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into the News segment today, I know you guys are going to be in
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Miami come hang out with us. There's a bunch of events on the
26:18
orange pill. App stack friends, who Stacks
26:20
ads. This is the number one resource
26:22
for the Bitcoin only events to hang out with bitcoiners.
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And I think the one of the most important things that people
26:27
need to be doing is building a community of bitcoiners around.
26:30
And what better way than to get on the orange pole app, fine
26:33
people around you. I know Mike's on there.
26:35
Shout out to everyone, hit me in the DMs. I looked at him today
26:38
or yesterday. And there was way too many for
26:40
me. I'm like I need to focus on what
26:42
I'm doing today so I'll hit you guys up soon.
26:44
Really. Appreciate all you guys and Men.
26:47
Let's let's connect down in Miami.
26:50
Shoot me DMs I will do my best to answer all my DMs. By the
26:54
time we get into Miami and we'll figure out all the cool things
26:56
to be doing. Connect on the orange.
26:58
Go app.com, stack them Friends who stack stats.
27:02
Anyways guys let's get into this new segment.
27:05
So actually I'm going to have to pull this down.
27:10
So yesterday, as much as we got this information from Brad
27:17
Sherman, in this Congress law, and this great sound bit, we got
27:21
this news coming out of Texas and I was talking with Mike
27:24
about this in the pre-show and I am a little bit.
27:30
You know, just on the fence about how I feel about this
27:34
because you guys are nice a say in the past you know Boomers
27:38
write down stuff on piece of paper and expect us to change
27:41
our Behavior. But I really like how Mike said
27:43
it's like this is just a trojan horse for us to get in the door
27:47
and just show them about what true freedom is about.
27:50
Anyways, I got this video right here.
27:52
This is Lee bratcher on Twitter and he goes breaking Texas,
27:56
legislation passes HP, 591, it, clarifies that formerly.
28:00
Flared, or vented gas can be sold to on-site mobile data
28:03
centers, AKA Bitcoin Farms on this will be off-grid Bitcoin
28:07
miners reducing, the carbon impact by 63 percent.
28:11
So let's get this video playing so you guys can hear it for his
28:15
own words. We are thrilled to announce that
28:17
the Texas House and Senate have just passed our flare.
28:19
Gas, mitigation Bill House. Bill 591.
28:22
This bill will soon go to Governor Abbott's desk for
28:24
Signature House. Bill. 591 is a bill that
28:27
clarifies it, oil and gas operators can sell formal.
28:30
Flared or vented gas for on-site consumption.
28:33
For mobile data centers, oftentimes these mobile data
28:35
centers will be Bitcoin miners powered by natural gas
28:38
generators. There's a 63 percent carbon
28:41
impact reduction when gas is redirected in this way.
28:44
It's a great example of Industries, coming together to
28:46
create economic activity, jobs and tax revenue.
28:49
While at the same time, mitigating carbon emissions, we
28:52
want to recognize and thank representative Giovanni
28:54
completely owned the house author.
28:56
Senator, Estes are Blanco the Senate author Spencer
28:59
Schumacher. The executive Actor of the
29:00
Innovation and Technology caucus of the Texas legislature and TVC
29:04
members who spent countless hours researching and testifying
29:08
on this bill members like, Brent Whitehead, Griffin.
29:10
Hey be Brandon Martin and many others.
29:12
Thank you all for your efforts. Love to see it and I do have the
29:18
bill here and I'm going to need Mike to break down the legalese
29:21
here but I just highlighted the beginning.
29:23
It says this bill is to be entitled an act relating to an
29:27
exemption from the severance tax for gas produced from certain
29:30
Wells. That is consumed near the well
29:31
and would otherwise have been lawfully be entered or flared
29:35
and without going into the whole bill because Mike basically
29:39
summed it up very well. Legalese is 90% garbage and 10%
29:43
signal. So Mike as someone that had
29:45
worked with great American, What's your view on this?
29:48
And of course, there is some other stuff that came out and we
29:50
will connect this with the idea of Warring factions in the
29:53
political field. But first your initial thoughts
29:56
on on this bill passing Mike, the good thing about this bill
30:02
is that it's a good thing but it's not like the funny thing is
30:07
it's at a pivotal moment to where it was just very 10%
30:13
signal as far as like those of you who haven't read.
30:16
Through like bills and stuff. Like, when I say 90% garbage,
30:19
I've fully mean that 90% of it is just elaboration on what
30:23
their meaning, when they go to say something like it, like
30:26
that's like the majority of the document is just like, this is
30:30
what it this pertains to for this reason.
30:32
All this other like it it's nonsense.
30:34
If you know you're talking about.
30:36
So like, it's painful to read through it.
30:38
But what the bill initially States is that any well that was
30:43
producing natural gas as Natural gas, any?
30:48
Well that was previously, flaring or venting because of
30:52
the fact, it wasn't economical to either capture it and liquefy
30:56
it or to pipe it out through like a pipe, just, you know, a
31:00
natural gas pipeline if it's not economical or commercially
31:04
viable than those, Wells are allowed to consume that gas via
31:09
Bitcoin miners instead of just layering it, it doesn't sound
31:12
like a lot, but the fact that they're put they put it into a
31:15
bill. Makes it very, very powerful in
31:18
the sense of now. It's kind of like it's also not
31:21
only is there opening the floodgates for Bitcoin miners in
31:25
Texas as far as like the off-grid miners.
31:28
But it's also just kind of pertaining to the fact that it's
31:34
protecting them. As far as like the, it's less of
31:37
a, there's less gray area in the sense of these miners are now
31:41
getting to the point of being allowed to go out and operate
31:44
fully and I get the same time. It's also protecting like the
31:48
environment, like the individual.
31:50
I can't remember his name said in the video, but it's also to
31:53
the point of where it's protecting the oil and gas
31:56
producers which like Opti. And I have talked about many of
31:59
us there in the chat I've talked together on Spaces is that us is
32:04
going to need more and more oil and gas going into the future.
32:07
So like this is all just a good stuff.
32:09
It's it, it doesn't sound like a lot, it doesn't sound very
32:13
powerful but it is in fact pretty damn powerful.
32:16
Yeah, especially when we consider what we were talking
32:19
about, what everyone was freaking out about two weeks
32:21
ago, the SB 1751 bill in Texas as well.
32:26
And it was angling towards looking like Texas wasn't going
32:30
to continue to be the leader in Bitcoin mining.
32:34
And I have this great great article over here.
32:36
Shouts out to Matthew, he was on the show with Luxor Mining, and
32:39
this is Hash rate index and because SB 1751 would limit
32:43
Bitcoin mining demand, response and Texas and SPC.
32:46
And sb7 would benefit, peaker plants.
32:48
And I know Mike's been talking about this for a while, not to
32:52
recap, everything about SV 1751 because we did cover that a few
32:55
weeks ago. But in this article, it shows
32:59
very clearly and pretty thoroughly that the people that
33:04
would benefit the most would be none, other than Berkshire
33:08
Hathaway. Charlie Munger and Warren
33:10
Buffett themselves. And hence, why they are so
33:13
adamant to shut down. And you know excuse my French
33:18
shit on bitcoin and it just really goes to show in my
33:21
opinion that there is not one cohesive political faction
33:26
either fighting for or against Bitcoin there is very many
33:31
interests involved. Right now there's some people
33:33
trying to push bills that are for Bitcoin.
33:36
What I would say you know like real politicians and then
33:39
there's other people that are just basically bought and paid
33:41
for by the lobbyists and it's just very interesting.
33:45
And I know Mike talked about this In the spaces for a while
33:47
about who would benefit if SB 1751 would be passed and it's
33:54
almost like the peaker plant so it's almost like it.
33:56
The can t on insiders would be the benefit anyways.
34:00
Mike if you want to jump in real quick on that one.
34:02
Yeah as far as I feel like this is something that a lot of the
34:07
Bitcoin Community needs to kind of like understand and relax
34:10
that you are laying it out. Perfectly in the sense of We
34:14
have to be able to differentiate the benefits for on-grid miners
34:19
versus off-grid miners. The previous bill was benefiting
34:22
off-grid miners, this bill is not benefiting on grid, miners.
34:26
Like there, it's you have to beat your on two sides of the
34:29
meter off grid is behind the meter on grid is in front of the
34:32
meter. This is basically was pertaining
34:34
to. There's a lot more concerns as
34:37
far as like defending the grid infrastructure, with the on-grid
34:40
miners than there is for the off-grid because there again,
34:44
not connected to it. But yeah.
34:47
Like and honestly, and I wrote about this, you guys read my
34:51
Bitcoin is Power article that I think we're even going to be
34:54
talking about maybe a little bit later the sir.
34:56
Um, if you guys read that, I I believe it was that article
34:59
where I talked about how the on-grid miners are more than
35:03
likely going to be relatively disintermediated, or
35:06
differentiated away from because of that relationship with being
35:10
on grid. A lot more people are going to
35:11
be more concerned with well what if I can't watch mine Flakes.
35:14
If the Bitcoin miners are running, which we know is
35:16
ridiculous. But that's what people are going
35:18
to care about. People don't interact with the
35:21
with the wells there off-grid and out in the middle of Texas
35:24
and South Dakota and New Mexico and everything.
35:27
Like there's not many people out there so that they're just not
35:29
going to be thinking of it. Absolutely love it.
35:32
That's why I love you hear. Mike bring in the receipt.
35:35
Anyways, on that same note. We also got this bill that was
35:38
passed yesterday. This is Tom glass on Twitter and
35:41
he goes Texas house, voted 139 22 tonight.
35:44
To add the following to the Texas Bill of Rights.
35:48
And I have a little blog right up here and it's the right to
35:51
use cash and cash substitutes. And they added the right of the
35:55
people to own. Hold and use mutually agreed
35:57
upon medium of exchange, including cash coin bullion,
36:00
digital currency or script? When trading and Contracting for
36:03
goods and services shall not be infringed.
36:05
No government shall prohibit or encumber own ship or holding of
36:09
any form or any amount of money or other currency and it just
36:13
need one more vote in the House on hjr 146 and then on to the
36:17
Senate and the vote of the people.
36:20
So it's looking again, like there is still some politicians
36:24
out there as Mike was saying that our Trojan horsing,
36:28
freedom, and endorsing Bitcoin. And it's just awesome to see
36:32
this on a state level. I am currently in Texas and it
36:35
was kind of a kind of a little buzz kill last couple of weeks
36:38
or it's like oh man shit. It looks like Texas is not so
36:42
favorable towards Bitcoin mining, but now Now it's almost
36:45
looking like the politicians out here are really, really about
36:50
their freedoms and maybe I'll throw this in the notes for you
36:54
guys. But in this blog post right
36:58
here, they're saying everything that we talk about all the time
37:02
on Twitter on Spaces on the show and I'm just going to read the
37:06
first paragraph because we are going a little bit long and it
37:11
really lays out the case that we talked about here consistently
37:14
as Corners that we are here for the freedom of humans, to
37:20
transact the separation of money, and state.
37:22
And look at this first first paragraph, So.
37:25
And in such an essential part of keeping Texas, strong and free
37:28
from federal interference. Interference is the protection
37:31
of the Financial Health and privacy of Texans.
37:33
And unstable dollar can destroy the wealth that Texans have
37:36
spent a lifetime producing. Texas cannot allow Global
37:39
Financial Elites to force Texans to use and pay for their
37:42
services leaving all of their financial aid.
37:44
Eggs in one basket subject to devaluation and confiscation and
37:48
Texas cannot allow their financial privacy to be
37:50
destroyed being forced into having every financial
37:53
transaction. They make subject to scrutiny by
37:56
prying government officials competitors and employees but
37:59
the global leads and Powerful interests have been telling us
38:02
for a number of years now that they plan to do exactly that two
38:05
Texans, destroy the wealth. We hold in the u.s. dollar
38:08
forces into using financial services and creating the
38:11
ultimate tool for the police state, which will end Financial
38:14
Privacy. Fortunately Texas now has a way
38:17
to head off this looming disaster and we have the
38:20
proposal called the right to use cash and cash substitutes.
38:23
Again, I'm not going to go through the whole thing guys,
38:25
but it's something that we talk about here all the time and it's
38:29
the idea that the Bitcoin signal just continuously, it's
38:32
spreading out there and there is a very real need for some
38:36
political Traction in regard, some political favorable
38:40
environment for Bitcoin because hey Bitcoin will succeed.
38:44
In my opinion, I think Bitcoin is inevitable but I would very
38:47
much like a favorable environment to be a bit corner.
38:51
I do not want to leave America yet.
38:53
I think America is the, you know, on the Texas metaphor the
38:58
last Alamo of Freedom as the last Bastion of freedom.
39:01
And we need to stand up and not going to call for what Mike's
39:07
going to call hinting on the French Revolution.
39:09
But we need to put these politicians in place.
39:12
And I think this is A good place to start.
39:16
And again as the big corner I do have this very real, you know,
39:22
discuss with politics and and I feel like hey who are they to
39:26
tell me what I can and can't do Boomer.
39:29
Write something on a piece of paper and expects me to stop
39:31
holding Bitcoin. I know all you guys smoke weed
39:34
out there. You never stopped you when it
39:36
was illegal before. Why do you think people are
39:38
going to stop holding the best money?
39:40
The best way to save their value moving forward.
39:43
Like, I really don't think it matters what someone says in,
39:48
you know at a state level at the federal level when it comes to
39:51
bitcoin, I think entrepreneurs and individuals will adopt what
39:56
is best for them and they will have to bend the need a Bitcoin
40:01
and Bitcoin changes. You, you don't change Bitcoin
40:03
and I think we're just going to see this play out on a political
40:06
level, as well. We're seeing it play out slowly,
40:08
but surely, and I think that's where we're at.
40:11
But on the same hand on the same token.
40:14
I do understand that, hey, I would much rather have Bitcoin
40:17
politicians making favorable rules for me than having to
40:21
fight the uphill battle. But I'm still on the fence on
40:24
this idea, because I really just like, right, more walls to
40:31
regulate, and protect this bitcoiners.
40:32
It just seems convoluted when it's just like, you can't stop
40:35
picking on big normal. Rat around all this magic.
40:37
Anyways, Mike, what's your thoughts?
40:38
On all this? Yeah.
40:42
So problem is that? What's your kind of getting at?
40:46
Is that We are incentivized and we're trying to change the
40:54
system from within the system, which myself Greg Faust, Alex
41:00
basically, everybody, like unfortunately, it's really,
41:03
really, really, really difficult and unlikely to change the
41:07
system from within the system. When the system is incentivized
41:10
to defend itself and that's why we're at the point where I've
41:20
written about how I thought that the u.s. was going towards a
41:25
situation where because of the political bifurcation, I thought
41:30
that there was more of a likelihood of like trade
41:33
federation's developing between particularly the Midwest and
41:37
Texas and the two Coastal systems. but the problem is, is
41:45
that these Fiat systems as we've seen across, like all of
41:49
history, it gets to this point where the populist just gets fed
41:53
up and Particularly at the politicians that are like the
41:58
branch Germans. And the problem is is that when
42:02
enough of the populace gets to, the point of realizing that it's
42:05
rules for the not for me, and that they are on the Receiving
42:10
end of the worst parts of that system.
42:13
They tend to sometimes the only thing left to do is just flip
42:17
the game board over and start anew.
42:20
And I really don't want to get to that point.
42:22
Because as IP said, the French particularly like to deploy
42:26
Guillotines and that kind of system and I would really rather
42:29
not see that happen Bitcoin is going to be the way to do it.
42:33
Bitcoin. Bitcoin is honestly the way to
42:35
do it but we have to get the Trojan Horse into Troy.
42:40
Oi so we can get Helen Back and like, this is part of like the
42:45
whole plane that Paul the political game is like I was
42:48
telling obvious I hate. No, no, no, wait, let us in.
42:51
Like we have this big orange trojan horse for you.
42:54
We want to party with you. Like, we're not here to fight
42:57
and then we can get the Trojan Horse in.
42:58
It's like, hey, just kidding fuckers, like we're taking over
43:01
the city. Yeah, I absolutely love that
43:05
metaphor said so spot on. But yeah, I mean, I The Bitcoin
43:10
ER you know the Bitcoin are in me.
43:12
The anti-authoritarian in me it just it it feels like asking for
43:17
compliance is just like a dead-end street and we just need
43:21
entrepreneurs and bitcoiners to maybe just getting you some good
43:25
old-fashioned Civil Disobedience and like, hey go fuck yourself,
43:29
I'm holding big one, you can't tell me.
43:31
Otherwise, I took Bitcoin into self custody and there's nothing
43:34
you can do about it. And maybe this is, this is how
43:38
we go. But of course, course, we'd much
43:41
rather have a the least amount of Bloodshed as possible.
43:44
This is a peaceful Revolution. This is a peaceful protest by
43:47
just opting out of all the madness but hey, we shall see.
43:50
None of us have a crystal ball, we don't know exactly how this
43:52
is going forward. We just know what we're going to
43:54
do is individuals and that's saving Bitcoin and take Bitcoin
43:57
into some custody like and it's today to that point.
44:00
Before we go on, to the next thing, the reason throughout
44:04
history that people have had to flip.
44:06
The game board over is because they haven't had a Lifeboat like
44:10
Bitcoin. Bitcoin does change the entire
44:14
like Game Theory rule set, the next game board and it allows
44:19
for a infiltration and a penetration and a
44:22
reconfiguration of the entire system from the inside out.
44:26
It can Will it work out that way?
44:30
It like it remains to be seen but the more people that we can
44:34
orange pill the more people that can watch simply Bitcoin and
44:36
learn this stuff. The more that we can get the
44:39
message out there more, we give the signal out there and prevent
44:41
people from getting to that Panic point of wanting to flip
44:44
the board over because you really do sleep.
44:47
Well at night when you custody your own Bitcoin and you're like
44:50
okay it's down 10%, I don't care.
44:52
I still have something 10% of something is still going to be
44:55
better than 100% of nothing. Yeah, 110%.
45:01
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fit your needs. Anyways, let's get into the
46:22
culture and I'm so glad that we had Mike on today because he's
46:27
been dropping a lot of signal on our sub stack, and he just
46:31
dropped the third installment of the unfolding of the second
46:34
Renaissance. And it's Basically on the same
46:38
idea about the pending energy Revolution and how Bitcoin
46:41
mining will revolutionize the world.
46:43
And not only that, well, basically Force the world to
46:46
innovate to get better. And then I'm connecting this
46:49
with his article that he brought up Bitcoin is power.
46:53
And it's something that we talk about all the time.
46:55
It's the idea. Look guys.
46:57
Money is power, which means the double entendre of Bitcoin is
47:01
power is truer than ever guys, if we're playing the game that
47:05
we really think we're playing. Then we are playing for all the
47:07
marbles and what does that mean? That bitcoiners will hold all
47:10
the power eventually. And I think part of that idea,
47:15
is the idea of being political. I'm not political at all, I'm as
47:20
a political as they come. But I am starting to understand
47:25
that politics is simply all about power.
47:28
And I think just having this basic understanding in this
47:31
basic Viewpoint of what's going on in the world is a very
47:34
important framework moving forward.
47:36
Do enough renting. Mike, what's your thoughts on
47:39
all this connect? This connector, the numbers and
47:41
the News together, it's get a little Mike Hulbert read today.
47:45
Yeah, unfortunately, I'm gonna correct you a little bit too.
47:50
Is like a particle is still a political position.
47:52
So sorry guys, it's just it's just like with it's just like
47:56
with trading. You don't have to be long or
47:58
short being in cash is still a position.
48:01
So you can be a political you're still political, you can be
48:05
libertarian, you can be an Just you're still being political.
48:08
So you know in politics is really just dealing with other
48:12
humans. So if you don't want to be
48:14
political, then you would probably have to just go live in
48:18
a cave alone for the rest of your life and have fun doing
48:20
that. But yeah, so as far as like the,
48:24
as far as the Renaissance goes, we're getting to the point now
48:29
between between like Tara wolf and their nuclear power plant
48:34
that I briefly talked about. Spooling up to to use Bitcoin
48:39
mining as far as like energy demand, providing demand for the
48:42
project and everything just Renaissance.
48:45
We're going to see as it develops and unfold is going to
48:48
be very, very, very interesting because of the fact that not
48:53
only is Bitcoin political or monetary power, but its power in
48:56
the sense of It incentivizes power like incentivizes
49:01
generating more energy and more power to the point of where we
49:05
can generate power beyond what the societal demand is.
49:10
And I know you guys, I know you guys have heard me talk about
49:13
this. Tons of times, I am going to
49:14
keep talking about it because it's super, super important when
49:17
you can generate power, beyond societal demand, and have the
49:21
economic system in place to where those generators are
49:24
capable of profiting, and benefiting and they're
49:27
incentivized to Continue doing so it's going to be very, very
49:30
it's going to be very very valuable to the sense of energy.
49:34
And the cost of energy is the very first input that goes into
49:38
pricing a good or a service. I want you to think about that a
49:42
little bit like what goods and services are super expensive
49:46
today that everybody needs. Health Care is probably the
49:52
first one that comes to mind in my opinion.
49:54
I don't know about you guys but when it comes to the point of
49:58
like providing good health care in the sense of the technology
50:02
and the services that are utilized in order to provide
50:05
good health, are because like work up were at a political or a
50:08
public health situation. Now, where everybody needs it?
50:12
And if we are going into a situation where Bitcoin is
50:16
incentivizing greater energy, generation beyond that.
50:19
This is like siblings societal demand.
50:22
When you get demand out setting or disrupting the balance
50:27
between supply and demand. What do you have more Supply
50:29
than you? Do demand then the price goes
50:31
down right or it should as long as you know, markets are
50:34
manipulated everything but like we can we can have that
50:37
conversation if you really want but In that Essence, we generate
50:43
more power, we make it cheap, we make good cheap high density
50:48
energy to the point where we're being efficient, we're not
50:50
relying on ridiculous, intermittent sources, like solar
50:53
and wind to the point of where everybody can predictably have
50:58
access to cheap, reliable energy, then you can get to the
51:01
point of Performing like research and development.
51:04
Like Rd takes a lot, has a lot of costs.
51:08
A lot of that cost is the energy that goes into Attempting to
51:11
find a new technology or solution without knowing whether
51:14
it's going to work or not. That like today.
51:17
Imagine trying to build like a brand-new nuclear generator or
51:21
SMR or something like that. Without knowing the actual
51:25
solution to getting to, it's going to cost you a ton of money
51:28
and a ton of time, you reduce the energy cost you start to get
51:33
into a situation where a lot. And we're also at a point.
51:36
Now where I've talked about with Opti and Nico before we're
51:39
sitting at a situation now, where telecommunications is near
51:42
instant as well. So like you have the exchange of
51:46
ideas and the flow of money near instantaneous getting to the
51:52
point of now, where that money is also incentivized by greater
51:55
energy generation. We are literally on the cusp of
51:58
a the, the second like Renaissance for the human race.
52:02
And it's going to be really, really, really weird.
52:06
Like we weird as an exciting. Like I'm excited for it but it's
52:10
gonna be weird in the sense of changes are going to start
52:12
happening really quickly. There's going to be new
52:15
technologies and new ideas that work and are going to get
52:18
deployed. Really, really fast.
52:21
And it gets its technology and money or tools so like some of
52:26
its going to be positive so it's going to be negative and
52:28
everybody needs to be prepared for it.
52:30
Yeah, and I mean it's further proof of like us on the show and
52:35
being able to just like ridicule Brad Sherman, you know, in
52:39
real-time and and just showing the hypocrisy of what's going on
52:43
is something that we've talked about in the past.
52:45
It's, I think people forget that you have super computers in your
52:48
pocket and you are Completely interconnected with the world at
52:53
your fingertips and and you guys really underestimate the powers
52:57
that you have by communicating by just sending the memes by
53:02
putting out the content yourself, like we are having a
53:05
real-time dialogue with everyone around the globe right now and I
53:09
think people really underestimate that power because
53:12
like things are moving at a speed.
53:16
That is absolutely incredible. It's just, we just we're waiting
53:20
for the A coin price to go up and we're just like wait like
53:23
why isn't it happening quicker? And it's again, just like
53:25
standard, Bitcoin means like lower your time preference.
53:29
Yeah. And well and that's that's where
53:32
the having is a very pivotal role in it because everyone like
53:37
you're like, we were talking about, like, you just mentioned.
53:39
Everyone's like, well, why isn't the price shooting up?
53:41
Like all of these bullish developments are happening.
53:44
It's like, well, you guys also have to pay attention and be
53:47
like an allow for the grace and honesty of understandings.
53:51
Shifting momentum takes a lot of time and energy.
53:55
Like if you ever watched a football game, like when the
53:59
window leading team has the momentum, like it takes quite a
54:03
bit of effort in order to slow them down and then shift that
54:06
momentum going back the other way.
54:08
And then you also have to carry that momentum forward to the
54:11
point of a like a beneficial or desirable outcome.
54:15
Like there's a lot of effort that's going on into this.
54:17
We're seeing we're seeing the the it's of that energy shift
54:23
going on right now with like all the political developments all
54:26
of like for the last like two or three years like Exxon Mobil and
54:29
Chevron and all these guys talking about how they're using
54:32
Data Centers which we know are Bitcoin miners to consume flare
54:35
gas and all this other stuff. We know about that or like the
54:39
banks like or the financial institutions like Fidelity and
54:42
all in and JP Morgan bny Mellon. All coming along showing like
54:47
that they're interested in Bitcoin.
54:49
These are all the Little chips in the momentum that are like
54:53
working in our favor but then the Bitcoin having comes up and
54:57
then not old. And then there's all that demand
55:00
spooling up, the momentum is Shifting.
55:03
And then all of a sudden you get you get the subsidy issuance
55:06
just ripped in half. So like and this is and this is
55:10
why the season bitcoiners those of us that have been through at
55:13
least one full cycle and experienced it because you have
55:16
to kind of be like, five, six years to really like fully.
55:21
And it and experience it. That's why so many of us are so
55:23
calm. It's like, you don't understand
55:26
because you haven't felt it yet, but when you do, it will change
55:30
the way you look in the future forever.
55:33
Like and it's it's all for the benefit, in my opinion.
55:37
Hey, we don't call it Bitcoins, then for no reason, right?
55:41
You just like, you've been through so much shit at this
55:43
point. You're just like whatever it
55:45
what's? What's that one?
55:47
Meme of? Like the guy on the roller
55:48
coaster? And he's just like straight
55:49
face, like That's where we are. Let's get into names, guys.
55:53
This is why you're here. The daily meme review brought to
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you by Kaboom racks. I get this question all the
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If you use the code simply But without further Ado, Kaboom Rex
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we are in the meme review. This is your favorite portion of
56:54
the show and you already know the deal.
56:56
I mean, me and Mike just talked about it.
56:58
We are in an information War, guys, you guys have super
57:01
computers in your pockets. Don't underestimate your
57:03
influence, don't underestimate the effect you can have by
57:07
spreading the signal by waking up your friends, your family,
57:10
your Normie friend. If you still have some of them
57:14
tweet to the bullets memes of the artillery, And just keep
57:17
sending me memes, whether it's on telegram, whether it's on
57:20
Twitter, I am seeing them on, I'm trying to get them all as as
57:24
quickly as possible. Well anyways, this first one
57:27
shout out to my boy. I don't know what's his name
57:30
opt? He's golf caddy.
57:34
He dropped his meme on us because we drop this one over
57:36
here. Shouts out to be TC therapist.
57:40
He's got added to the simply Bitcoin meme collection and he
57:45
dropped this. Is this pretty, pretty awesome,
57:48
one. I know you guys watch that,
57:50
like, Ted Bundy clip on Netflix and go.
57:52
I told you, we're going to watch the mental, clear, and then you
57:55
can leave and it's Bitcoin and watching the mempool.
57:57
Clear? And here we go.
57:58
Copernicus. And he goes, me, counting all
58:00
the SATs I say, waiting for the shit Corners to go broke.
58:04
Yeah. I'll oh, Bob my fees as well.
58:06
It took a took a few days to get my transaction to go through,
58:09
but hey, it went through. I am not going to feed into the
58:13
hype. Anyways, this next meme is by
58:15
Shaquille oatmeal. And or at crypto on Twitter and
58:18
it goes me sending a transaction after not organizing my UT EXO's
58:23
and we got a lady here. Getting paid at the Apple Store,
58:26
with pennies and quarters and nickels.
58:29
And this is, this is us organizing our utx shows after
58:34
we're getting wrecked by the high fees.
58:36
Anyways, is next meme is by Maxis Club.
58:38
The ghost 391, thank you. And I know you guys saw this on
58:42
Twitter and we got the scammers go out, we broke.
58:46
Coin and we got Bitcoin miners in a suit drinking.
58:48
Champagne. Just going, it feels good man.
58:50
Thank you for breaking Bitcoin and making us rich.
58:53
Anyways, this next meme is by at Vivek furry on.
58:56
It goes to New Global Reserve currency hashtag Bitcoin.
59:00
And at the risk of being trolled, I am completely
59:05
confirmed that this is a troll of The Economist.
59:08
And it goes, the new Global Reserve currency, and why we
59:11
were too stupid to see it coming.
59:13
And it's got the Bitcoin logo and again On the same vein of
59:17
yellow journalism, we got John Torres, eel Okimoto and it goes
59:22
hashtag. Bitcoin CEO has spoken.
59:25
And we got this very awesome article from The New York Times
59:27
and it goes Bitcoin CL. I'm not going to increase the
59:31
block side. Big blockers, have to put their
59:32
jpeg somewhere else and we have door Nakamoto just sitting here
59:36
guys, mr. Nakamura to describing how big
59:38
blockers need to go eat a bag of dicks.
59:41
He doesn't give a fuck, I didn't see the bottom part, but let's
59:45
go. Anyways, the Bitcoin therapist
59:48
on Twitter. Goes bitcoiners are always
59:51
ready. Hashtag, BTC.
59:53
And we got the new play on the new techie.
59:57
Whoa, Jack and goes, no, you can't just root for the entire
59:59
Financial system to fail. No, and we got this Chad
1:00:02
Bitcoin, her with his helmet, and his night vision goggles and
1:00:06
it goes. I've been preparing for this
1:00:08
moment. My entire life.
1:00:10
This is the way and Shout out the a app.
1:00:13
I really love this me, man. And I think this is a good pin.
1:00:16
For all the conversation, we had today, and the Tweet goes, the
1:00:20
last government, and we have the better Ralph Waldo Emerson and
1:00:23
it goes, the fewer things politicians control the less.
1:00:26
It matters who controls the politicians?
1:00:29
This is the separation of money and state.
1:00:33
Anyways, guys drop your mean review score in the chat as we
1:00:36
cover hours live. I'm getting back into BTC pins
1:00:42
SATs, what's he called it? Cards SATs obsessed mentality
1:00:48
and we got the orange pill white card here because we'd be
1:00:54
dropping orange pills all day. All right Mike, what's your mean
1:00:56
review score? Think I'm gonna go with a
1:01:00
classic stack of Great American mining stickers.
1:01:03
You know how to deal with not being able to get them back over
1:01:10
there? Look at you.
1:01:13
All right guys. Drop your me.
1:01:14
Move. You score in the chat?
1:01:15
At as we plug represent, while we're waiting for you guys.
1:01:20
Shout out to represent. I wear it every single day.
1:01:23
What am I wearing? I'm wearing the limited edition.
1:01:26
Simply Bitcoin be logo. That matches the hat that I wear
1:01:32
all the time. Go to represent LTD.com use
1:01:36
promo, code, simply Dash Bitcoin all caps and you can get, I
1:01:40
think it's 10% off all the gear, you'll see Nico, you'll see Nico
1:01:44
in my Me wearing a hoodie adds a represent hoodie, who does that?
1:01:48
Absolute psychopath. Anyways, let's see if some of
1:01:52
these have no memes yet. Alright, I gotta, I gotta
1:01:56
continue because I can't rug pull the memes because every
1:01:59
time I do that everyone gets yell, everyone yells at me.
1:02:03
So we're gonna we're going to chill out for a moment.
1:02:06
Wait For Your Meme scores to come through but my absolutely
1:02:10
killed it. I did have your little clip
1:02:12
here. Oh, Can we get played out while
1:02:16
we're waiting for the mean scores.
1:02:17
And then perfect. Yeah actually we're going to do
1:02:19
that. This is extra meme extra name
1:02:21
for you guys. Check it out.
1:02:24
One second, let me, let me get this for you guys.
1:02:28
This is Mike on his Twitter. He's absolutely killing it.
1:02:33
Where to go, I had it here a minute ago.
1:02:35
Here we go. Alright, check this out, check
1:02:37
this out guys. Let me get this going for you
1:02:41
guys. Good clip.
1:02:43
Really sums up everything. We've been talking about here.
1:02:46
Fire just like the Federal Reserve is it's all based on
1:02:49
paper. There's no nothing of any real
1:02:51
value there. It's all paper notes and he sent
1:02:53
the Templars to prison and execution, except for Scotland
1:02:58
and Portugal, where the pope and King Philip.
1:03:01
The fourth really didn't have a lot of control.
1:03:03
I think that the governments of the world, looking at the
1:03:06
situation looking, how close we are to seeing this current world
1:03:09
conflict emerge into a full-blown, global thermonuclear
1:03:13
war that maybe they need to start thinking about the wisdom
1:03:15
of King, Philip the fair and say it's time to Simply grab all
1:03:19
these private Central Bankers all at the same time so they
1:03:21
can't simply skedaddle from one nation to another and come back
1:03:25
and try the same thing again as they will inevitably do because
1:03:28
these people are addicts. They're hopelessly addicted to
1:03:31
other people's money. It's why we call them money
1:03:32
junkies when we see somebody who's who's addicted to cocaine
1:03:36
or Methamphetamine or heroin, and we can easily see how
1:03:40
they're destroying their Home and Community around them.
1:03:43
Now, we need to look at these money addicts and Look at how
1:03:46
they're destroying the entire world around them and it's time
1:03:49
for an intervention. It's time for us to become
1:03:52
private Central Banking Heretics to stop believing that this is
1:03:57
the way life is supposed to be. Because it isn't, it isn't even
1:04:00
in the way, the United States was actually started and are
1:04:03
trying as hard. Look at the destruction of our
1:04:05
nation, we used to be the world's greatest nation.
1:04:08
Now, the most generous estimate is we're down to number 16 and
1:04:11
still falling. And yet despite the destruction
1:04:13
to our nation, its infrastructure.
1:04:15
Its In its quality of Medical Care, the quality of its of its
1:04:19
manufacturing output. We still are compelled somehow
1:04:22
to go out and force this same banking system onto the rest of
1:04:26
the world at the point of a bayonet.
1:04:27
Does that make any sense at all not to a rational human being to
1:04:31
a money junkie? Yeah, it's perfect.
1:04:32
But we're really at a crisis point in history and the first
1:04:36
step to resolving that crisis to not, let it go any further into
1:04:40
a potential nuclear war is to recognize that private Central
1:04:43
Banking rule by manufactured. And of death is no more
1:04:47
legitimate, a system of governance then ruled by divine
1:04:50
right or rule by slavery. We all need to recognize the
1:04:54
true cause of all the pain and suffering and Wars.
1:04:57
It's not the terrorists. It's not Al Qaeda.
1:04:59
These are just distractions and set pieces.
1:05:01
Put in front of your eyes. So you can't see the very clear
1:05:05
pattern behind much of modern human history.
1:05:07
It's a war of banking systems fire, just like the Federal
1:05:11
Reserve. Wow, too much sauce, too much
1:05:15
sauce on today. Is episode.
1:05:16
Anyways, we got some mean reviews in here.
1:05:19
Let's go. First one is by Speedster, 47
1:05:22
and goes. Love that last one.
1:05:24
I give it one Sherm. Okay.
1:05:27
All right. Perfect.
1:05:28
Okay. This next mean review is score.
1:05:31
Sorry. This next score is by Igor and
1:05:32
goes. I'm all right, heads up.
1:05:36
I'm not filtering right now. So if I messed up and I pull one
1:05:40
up, I will filter any was Igor. I give those memes three Hail
1:05:44
Marys for our fathers, and Glory Be Keys be upon you know Serkis
1:05:49
be upon you. Okay this next meme review score
1:05:52
is biopsies golf. Caddy Jenny yelling harder
1:05:56
score, Mike's caddy Christine Lagarde.
1:05:59
Only in an ascot nice. That's a nice visual.
1:06:04
Okay. This next one is by ran more
1:06:06
niggas score, my fam. Flying kite.
1:06:09
If, you know, you know, I guess. I don't know.
1:06:12
Let's go. Okay, it's basic biology score.
1:06:15
Is I I give the means the cure for nimona ultra-microscopic.
1:06:21
Slim volcanoes kenosis, okay, okay, make love in my musescore.
1:06:33
Mike's caddy, Christine Lagarde adoptees caddy Jan yelling in an
1:06:36
epic jello wrestling match, yellow.
1:06:39
Yellow wildin out here. Okay.
1:06:41
Last one. Last one is by our friend
1:06:45
Tucson. Outside of Tucson and he goes, I
1:06:47
give those memed a good price. Cabe on Zillow Tucson is is
1:06:56
looking for a cave on Zillow because you told him that if you
1:07:01
if you wants to live off the grid avoiding politics, he's got
1:07:05
to live in a cave that fun have fun.
1:07:07
Have fun. Anyways, you guys already know
1:07:10
the deal. So, check us out an audio only
1:07:12
platforms on anchor Spotify. Apple Fountain tomorrow is
1:07:17
Friday. We will be back to our normal
1:07:18
show. If we have enough time, I will
1:07:20
cover the the comment but we appreciate everyone that sending
1:07:23
us comment. To really means the world to us.
1:07:24
Continue to spread the signal, continue to clip us.
1:07:28
Just it's all about spreading the signal guys.
1:07:30
That's all that really matters. Here is just waking more people
1:07:33
up, getting more Bitcoin into people's hands because it's the
1:07:36
only way we can make it out of. This guy's is just getting
1:07:39
people to hold Bitcoin. Anyways, Mike And thank you for
1:07:43
coming out, absolutely killed. It always always with the
1:07:45
receipts always has a sober take, whereas I'm always overly
1:07:49
bullish and hyperbolic so where can people find you, what are
1:07:53
you working on? What do you want?
1:07:54
Two people to go? Look forward, you guys can find
1:07:57
me on Twitter. The handle is right below me
1:08:00
right there at v-mic Hobart to, he's just to differentiate
1:08:04
myself from all the scammers in the, the Bots out there.
1:08:07
But um, I also wanted to add the some of the comments were Asking
1:08:11
where that audio came from that audio.
1:08:14
If you go to the tweet, I have the link to the YouTube video
1:08:17
provided in the following key. Tweet 108th it, but if you don't
1:08:22
go to Twitter, just search for all wars are Bankers Wars on
1:08:25
YouTube. It's like a 40 minute video pure
1:08:28
signal and then you asked me what I was working on.
1:08:31
I have another article that's going to be coming out here
1:08:33
soon. That is not part 4 of the
1:08:36
series. I'll be working on that here
1:08:38
shortly. But this separate article is
1:08:40
talking about Out how we can provide National Defense for the
1:08:45
United States and really for any other country that wants to copy
1:08:48
the model, you can provide National Defense of the energy
1:08:52
and energy grid infrastructure with Bitcoin mining and I will
1:08:57
be detailing that in that article.
1:08:59
Wow. You going full Jason laude on
1:09:02
us. Mike smarter than Jason Lisle.
1:09:08
Love to hear. All right, Mike jumping.
1:09:11
Aces and we'll continue the conversation.
1:09:13
Yeah guys, really, really appreciate you guys are hanging
1:09:18
out with us. I'm glad that we can be a part
1:09:19
of your day, continuously spread the signal guys and we will be
1:09:25
back with our normal show. Tomorrow, Nico will be back.
1:09:27
We'll be back to the normal programming but come hang out
1:09:31
with us on Twitter spaces. The conversation will go on for
1:09:33
about another 30 minutes and we're going to just continuously
1:09:37
spread the signal. I'm sure.
1:09:38
Hey, if you like what Mike was saying on today's, Show go, hang
1:09:43
out with us on Twitter. Simply Bitcoin TV on Twitter.
1:09:46
That's where Mike really gets toxic guys.
1:09:49
And that's where the real signal happens after the show, come
1:09:52
hang out with us. Anyways, we'll see you tomorrow.
1:09:54
Really appreciate everyone that comes hang out with us till next
1:09:58
time. Peace out, boys and girls.
1:10:19
But I think it's not as good as usual.
1:10:21
When I am the one that does all the hosting, but hey, the show
1:10:24
don't start. We are in Twitter spaces, this
1:10:26
is a Bighorn. Only Space by bit corners for
1:10:28
bitcoiners. So come up here.
1:10:30
Add to the conversation. I am sure.
1:10:32
We're going to get Mike to just continuously.
1:10:35
Go in a little harder on everything he said on the show
1:10:38
because that's what we do here. We just continue to give the
1:10:42
signal all day every day, but Mike, really appreciate it.
1:10:45
Everyone else. Come up here.
1:10:47
Let's let's continue this conversation.
1:10:49
Ian, it's way more fun when I have friends up here, then when
1:10:51
I got to sit on my soapbox. But hey, you already know that.