Latest / Simply Bitcoin / BREAKING: Asian Countries Are Secretly Stacking Bitcoin | EP 721

Transcript

BREAKING: Asian Countries Are Secretly Stacking Bitcoin | EP 721 · Simply Bitcoin

0:12
Yeah welcome assembly. Bitcoin live where you're my
0:15
number one source for the peaceful Bitcoin Revolution for
0:18
breaking news culture. Medic Warfare will be your guide
0:20
through the separation of money and state.
0:23
Holy cow, it's been a wild morning, so many things going on
0:27
but most importantly, the kingdom of Bhutan, it's a small
0:33
country in Asia article came out that they've been stacking, the
0:39
corn. They've been buying millions and
0:41
millions of dollars dollars worth of bitcoin, right?
0:44
So that's really interesting. We're watching the game theory
0:47
play out, but I think the one that I find the most interesting
0:53
is Indonesia, right? So we're going to we will talk
1:00
about it when we talk about the Bitcoin conference, but I think
1:03
something's happening in Indonesia and the reasons for
1:07
that are Indonesia's, having the first-ever Bitcoin conference
1:12
number one. And number two a member of
1:14
government from Indonesia is actually showing up at the
1:20
Bitcoin 2023 conference. So I wonder what that
1:23
announcement is going to be like And remember, you know, I love
1:28
El Salvador and I think El Salvador is the Forefront of
1:31
this right of this movement, right?
1:35
But it is a very small country. Not like you know
1:38
population-wise so is Bhutan but Indonesia has a population of
1:44
almost the size of the u.s. a little bit small about 250
1:47
million people which I think is fascinating.
1:51
So could it be? I don't know.
1:54
Well, lay out the the case for you guys, you know, the last
1:58
couple of months When we when, when I when I first started
2:02
simply Bitcoin, I used to feel guilty for a lot of things that,
2:05
you know, I would say I would say, like, you know, like this
2:07
is crazy. You know, the Central Central
2:10
Bank, digital currencies are trying to roll it out.
2:11
You know, these monetary demons are coming out of the woodwork
2:15
but then, you know, more often than not like we started picking
2:19
up on things way before the Legacy corporate media.
2:23
And I would like to believe it's, I don't think it's
2:27
necessarily because, you know, We have this crazy Edge or like,
2:31
you know, we're this crazy analytics and whatnot.
2:34
I just think that, you know, as bitcoiners we understand the
2:38
game theory of Bitcoin, we understand the incentives of
2:41
Bitcoin. And when you understand the
2:42
incentives of Bitcoin, you understand that this thing is
2:45
inevitable. It's irresistible.
2:48
And I think that's really what you're seeing play out on a
2:50
worldwide basis. And of course, you know, the
2:54
book that I refer to a lot tremendously on this channel is
2:58
a sovereign individual. in the theory that that they make in
3:01
that book back in the 90s, And I think we're really witnessing a
3:07
lot of that play out, but before we start the show, when I
3:10
introduce my legendary co-host, always optimistic waking up with
3:14
the giant smile on his face every single day Optimus Fields.
3:19
AK, my Living Truth. How you doing buddy?
3:22
What's up, dude? Honestly this morning because I
3:24
don't know what's going on. I think I got a little itch in
3:26
my throat. Maybe it's allergies around here
3:28
but hopefully your boy doesn't get sick the next couple of
3:31
days. So still optimistic just one.
3:34
Ring or whether I am, you know. My immune system is fighting
3:38
something. So hey, we're still here, the
3:40
show, don't stop. It is fighting something, bro.
3:43
The monetary demons it is it's fighting the monetary demons
3:46
roads. This is what you did.
3:48
You went to Washington, d.c. to hang out with Chris.
3:50
Hey cap. Anyways, anyways, alright,
3:55
everybody no more delay. Let's start the show.
3:57
We have a lot to talk about. Let's check it out.
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You want? To be in person to witness that
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firsthand thinking back, you know, decades from now and
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telling your kids where you're at, when those types of things
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happens, I want to go through some of the speaker list and I
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want you guys to pay attention. This one.
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Specifically, of course we have Michael Lewis, Mike or Michael
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sealer? Arthur Hays, Alex gladstein,
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Stacy, Herbert Jack mahler's, Adam back, Senator Cynthia
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lummis, of course, Lynn, Alden and the here's the one.
5:26
I want you guys to pay attention to ridwan, Kamil, He's the
5:31
governor of the West Java provincial government of
5:35
Indonesia, and it's interesting because he's on the top, he's on
5:40
the top. So I'm very curious about what
5:43
that's going to be. Of course, Nico and Opti, are
5:46
there as well. We're going to be holding it
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down on the analyst desk. We have Matt Odell, we have so
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many awesome Pierre Richard. So many awesome bitcoiners are
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going to be a be there. David's L.
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We have Carla from the crypto couple, Walker's going to be
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there as We have P. We have nbk.
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capitalization of Bitcoin 567 billion dollars with a be in the
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grand scheme of things. Bitcoin is still a tiny baby
7:00
anyways. Everybody.
7:01
Today, I want to talk about, you know, the gas lighting from the
7:08
unproductive class or the monetary demons or opticals in
7:13
the high-level parasites. However, which way you want to
7:17
describe it, right? I think the unproductive classes
7:20
the the the nicest way to put it, right?
7:22
We, you know, we have to be, we have to be, we have to be good
7:26
Opti, you know, we have to be ethical with our language.
7:31
So, the spin from the ECB, remember that the, the mean that
7:36
they came out with, right? Remember that the gaslighting,
7:40
the cause of inflation is because workers are asking for
7:44
more money. Right.
7:47
We've also had spin coming from, you know, bureaucrats and
7:52
politicians here in the United States.
7:54
Basically, making the claims that inflation is coming from.
7:58
You know, Russia, the war in Ukraine, you know the supply
8:03
chains. They also gas-lit us saying that
8:06
there was going to be no inflation even though they're
8:08
printing a record amount of money but was really
8:11
interesting. There was an interview that
8:15
Tucker. In had with Elon Musk.
8:18
And the reason we talk about Tucker, Carlson so much is
8:20
because we always talk about guys, the Overton window, we
8:25
always talked about it and we always talk about the fact that
8:27
bitcoiners need to break out of the echo chamber, right?
8:31
A lot of bitcoiners don't understand.
8:33
You might be awake. You might understand what's
8:36
going on. You might have taken the orange
8:37
pill, but in normal and right, you know, a lot of people are
8:41
still asleep, right? So, you know, when these types
8:45
of Of conversations are had whether it's, you know, nine
8:48
buchelli going on Tucker, whether it is, you know, Max
8:51
Keiser going on Tim pool. Whether you know, it's just
8:55
bitcoiners or the ideas of Bitcoin just being talked about
8:58
in popular, mainstream start to happen.
9:01
That's when the normies really start to wake up today, the two
9:04
things and then eventually that kind of funnels them to bitcoin
9:07
content, right? You know, because they're like,
9:09
oh, okay, the money's broken. Something's going on here.
9:12
But what's really going on? Then they start to ask
9:14
questions. So Going to play you a clip from
9:16
Elan on Tucker Carlson. They had the interview and
9:21
Tucker was asking about inflation.
9:23
And I mean, it's something that bitcoiners have been saying for
9:25
quite a quite a bit of time and I think eventually this is going
9:28
to force the uncomfortable question that I think the
9:32
treasury is not going to be able to answer politicians are not
9:35
going to be able to answer is why are we using money that that
9:39
is designed to lose purchasing power?
9:43
Who did we sign up to that? I know, I know like okay, taxes,
9:47
right? That's a whole, that's a hot
9:48
button issue, right? Fine.
9:50
You know, let's take the, let's take the stance of taxes or
9:53
fair. You got to give back to society,
9:55
etc, etc, you know, mud the roads but fine, let's, let's
9:59
leave that argument aside. But did we also sign up to use
10:04
money that is designed to lose purchasing power.
10:06
So the so it's two things, right?
10:08
So you got to pay taxes and you have to use the money that
10:11
steals from us Like, I don't think people really agree to
10:14
that. I don't think people are really
10:15
aware of that. And the reason I'm saying that
10:18
is because they wouldn't be gaslighting us if they didn't
10:22
think. If they didn't think that was an
10:23
issue. They couldn't defend in my
10:25
opinion. It's an undefensible social
10:27
issue. There is no good response to
10:30
that, it absolutely nothing other than try to avoid it.
10:34
Try to sweep it under the rug and try to demonize the
10:36
Alternatives of which they have been doing, right?
10:39
So anyways, I'm going to shut up.
10:41
Now, I'm going to play you this Clip about Elon talking about
10:44
inflation on Tucker and then we'll talk about it.
10:49
So inflation is going to happen. No matter what.
10:53
If you increase the money supply you get inflation, right?
10:59
So there's no, there's not some magical cure for getting rid of
11:03
inflation except to increase the productivity the output output
11:07
of goods and services. So she like like what is money?
11:14
You've got, you've got, you've got these sort of, it's
11:17
basically Numbers in a database. That's at that sum up to
11:22
something kind of sum total, then you've got the output of
11:24
goods and services in the economy and the as long as the
11:29
ratio of money to ratio of goods and services States, if that, if
11:33
that stays constant, you have no inflation.
11:35
If if you add more money, if you add money to the system faster
11:39
than your increase goods and services, then you have
11:42
inflation. So, all of these covid, sort of
11:45
stimulus bills were not paid for it.
11:48
They Were there just generated more currency more?
11:54
You know, more money was, was, was created because the, the
11:59
federal government, the checks never, it's just the checks
12:02
always pass, you know, totally. She had a debt limit which
12:04
there's probably gonna be some debt limit crisis later this
12:06
year. But provide, you haven't hit the
12:08
debt limit the federal government unlike state
12:12
governments or city governments, or individuals can simply issue
12:15
more money. And that's what they did.
12:20
I mean, as old saying goes that there's no, there's no free
12:22
lunch. So if you could just s, you
12:26
massive amounts of money without negative consequences, why don't
12:28
we just take that to the load and make everyone a
12:30
trillionaire? What will that mean?
12:33
You tried that in Venezuela? How that how that work out?
12:35
Well they had eat zoo animals, right?
12:37
It's not good. You know, there's no free lunch.
12:40
There's not some ability to issue money and not have
12:43
inflation. Many of those So so you know
12:50
what? That told me Opti That Elon is
12:54
an orange build, and he and that, tell was right in the
12:59
beginning, right? Like, it has to be inflation,
13:02
really? Sure about that, you know?
13:06
And then that tells me that he doesn't fully understand Bitcoin
13:09
and look like You owns a very, very smart guy but there's
13:14
there's something about Bitcoin, right?
13:16
Is that You have to let go of the ego ego and Bitcoin are not
13:20
compatible. A lot of people, they feel like
13:25
they step in and they're like I can make this better, right?
13:28
I could fix this but the reality is that we are all equal.
13:33
Even with Michael sailor, a billionaire access to so much
13:36
Capital, he had to get in line and pay his dues just like
13:40
everybody else on a nation state level.
13:42
I'm buchelli. Had to get in line pay his dues
13:46
like everybody else. Else they had to endure the
13:49
first bear Market pay their price of tuition, right?
13:53
So I mean for someone who has had special treatment from the
13:58
Fiat system, I would understand why you know the ego probably
14:04
it's probably hard for him to completely let go of his ego and
14:08
embrace something like Bitcoin. That's what I would say.
14:12
But at the same time, I'm really glad that these topics about
14:16
inflation are being brought up to the popular mainstream the
14:22
average viewers for Tucker Carlson tonight.
14:24
It's the second most popular watched show in the world after
14:27
Joe Rogan 3.5 million average viewers per night.
14:33
Just got exposed to that conversation and in the last
14:38
year or so they've also been exposed to Michael sailor.
14:41
They've also been exposed to Max Keiser.
14:45
They've also shout out to Marty Barrett, Marty bets been on
14:48
Tucker as well, right? So these ideas are very
14:52
important to be brought up into the mainstream so that we can,
14:56
you know, shout out Cory clips and we can avoid the rate, we
14:59
can win the race to avoid the war, right?
15:02
The Inaudible clash between, you know, this the u.s. bureaucracy
15:07
which I call the administrative state, right?
15:10
They're going to want to be able to hold on to that privilege of
15:13
creating money for free that everyone else has to work for.
15:17
But it's just interesting how Ilan said that's like there has
15:20
to be inflation. It's like have you read the
15:23
Bitcoin standard e Lon someone should send them a copy of the
15:26
Bitcoin standard. So you know and I think that's
15:31
the that's the hardest pill to swallow.
15:34
For a lot of people write, is this idea that for some reason,
15:37
inflation has to be built into money and we played you the very
15:42
famous clip of Jerome Powell asking him like why 2%?
15:48
He was like well that's what the central bank's all around the
15:51
world said it was and yeah and There's like, literally no
15:57
justification for it. And then more importantly, when
16:01
times are good, when governments don't have to print money to
16:04
bail out Banks, basically Main Street bailing out Wall Street.
16:09
You know, we're a capitalist society as long as everyone, you
16:12
know, I was always the banks were making good money and as
16:15
long as you know they start to get into trouble o socialize,
16:19
the losses baby Main Street Base, Main Street, bails out
16:23
Wall Street. I mean, that's what the Occupy
16:25
Wall Street movement was all about.
16:26
Out. Now what I think what everyone
16:29
is still asleep to is the fact that we now have a clear-cut
16:33
solution to that, but like, I'm like, I've been saying have to
16:38
let go of the ego, have to get in line, you get Bitcoin at the
16:43
price you deserve that. It is it is the reality of
16:47
Bitcoin. So you get on the train, great,
16:50
you know and overtime after you pay your dues, you'll notice
16:53
that Bitcoin is the best savings technology the world does.
16:56
Racine it is not easy. To hold is not easy to hot.
17:01
Oil is extremely tough on a psychological level.
17:06
It punishes you, but if you endure, it becomes easier over
17:12
time. And if you start to get a couple
17:14
Cycles in you, then it's just like that.
17:17
You realize there is no other way of living, you will never go
17:21
back to use a money. I tweeted this out the other day
17:25
and it did pretty well, right. Right?
17:27
I refuse to use the money that another man could work, could
17:30
conclude can create for free. It's as simple as that.
17:34
And once you feel the power of taking Bitcoin into self
17:37
custody, you won't go back and I think elon's not there yet.
17:41
I just don't think because he would that answer that he gave
17:44
would have been totally different.
17:45
Right? Which is really interesting, but
17:49
the topic of inflation and the reality of who causes inflation
17:54
was being spoken about. And more importantly, it was
17:58
being spoken about to the mainstream.
18:00
And I hope more and more people wake up to this reality.
18:04
Not just not just you know, on one side of the political aisle,
18:08
but on both sides of the political aisle and they realize
18:10
that Bitcoin is this great unifier.
18:13
It brings people together under a common cause that common cause
18:17
is Bitcoin, right? Instead of eylau, nothing and be
18:21
happy. You'll own Bitcoin and be happy
18:25
a prosperous future. A sound money future and that's
18:29
what Bitcoin gives us all man. So I don't know, man, this is
18:34
crazy. I feel, do you feel the Overton
18:36
window moving ever? So slowly Opti.
18:38
I feel it, bro. It's it's it's it's inching away
18:43
closer and closer and closer. I think it's inevitable before
18:46
people realize that we have a solution to this problem.
18:50
Yeah man. I mean I've been saying it for a
18:52
minute and we basically been on this message for a couple of
18:56
months. Now that it is very obvious that
18:58
the Bitcoin message is crossing that Rubicon into mainstream
19:01
Consciousness and it's only a matter of time until the world
19:04
catches up to everything that has bitcoiners have been saying
19:07
I if you guys have been around for a while, it's very
19:09
interesting how a lot of very smart bitcoiners are always
19:12
ahead of the curve and we're always kind of talking about
19:15
things, maybe one or two years before it becomes mainstream
19:18
ideas. Back to this this this video
19:22
like inflation is so simple. Once you understand the true
19:25
cause of inflation it's because they're expanding the monetary
19:28
Supply and it's very interesting.
19:30
Even in this clip itself that the dollar inflation economics
19:34
in general is so over complicated and it's on purpose.
19:37
Like it's to keep people in the dark so the theft can continue
19:41
in silent because what's that one?
19:43
Quote, I forget who says it. But if people understood how
19:45
Banks work people understood how money Works, we'd have a
19:47
revolution overnight. Like, I think Henry We forward
19:50
the sad, you know? And I think Andrew Jackson said
19:52
something similar about Banks. It's like we understand how the
19:56
system works as bitcoiners. You guys out there, you guys
19:59
have put in the work, we understand how some system the
20:02
banking system works and it's very simple.
20:04
Once you break it down and it's very interesting to see long go
20:07
through like, the mental gymnastics at like try to
20:10
explain how inflation works when it's very cut and dry.
20:12
Like they inflated the money supply, they expanded the money
20:16
supply. They printed obscene amounts of
20:18
money, and They redistributed wealth from you know the kantian
20:23
Insiders to from you guys to the kantian Insiders and what do we
20:27
say what do bitcoiners always say, taxation is theft.
20:30
Inflation is silent theft. And the fact that they obscure
20:33
all these Concepts goes to show that, they don't want you to
20:35
understand that it's deaf. So, you know, it's just, it's
20:39
very interesting to see all this play out, and you buried, the
20:43
lead, you buried the lead, bro, you buried the lead, you said it
20:45
right there. The fact that they obscure and
20:47
the fact that they Gaslight it The fact that they don't talk
20:51
about it. The fact that the Central Bank,
20:52
digital currencies never mentioned the word inflation,
20:55
it's all about making payments more efficient, is the greatest
20:59
tell like that is the freaking tell, you know, 100%.
21:02
And you know, I am going to kind of push back a little bit on
21:05
what you said Nico cuz like, while it is awesome that these
21:08
ideas are being talked about in the mainstream corporate press.
21:13
I don't think it's enough and we've been saying this for a
21:14
while, you know, like just talking about the problems, it's
21:18
just kind of like paying lip service.
21:19
It's really just like a dopamine rush and if they're not talking
21:22
about the solutions, yes, you know, it's a process like you
21:24
say, we gotta, we gotta expand the Overton window, but pointing
21:28
across the aisle. And, and pushing blame away from
21:31
yourself away from what you can personally do to fix this again.
21:35
It's just like a it's just like a social media High, you know,
21:38
like action action action, take action today.
21:40
Saving Bitcoin opt-out take Bitcoin into self custody like
21:44
this is how you escape. This is how you opt out of it
21:47
like get your SATs low up, say and saving.
21:49
Coin take Bitcoin in the South custody until we're talking
21:52
about this stuff in the corporate press.
21:54
Like we have a we have our day job to continued Nico because
21:58
like this is why we do it this is why we continue to I guess
22:02
maybe for like a better term showed the hypocrisy of it all
22:05
it's like yeah man we understand that inflation is an issue.
22:08
I don't think people can avoid that anymore.
22:11
It's just like get to the get to the root of the problem.
22:13
It's because they continuously print money.
22:15
Like governments have a spending problem there, they're spending
22:18
money. They don't have like this.
22:19
The issue here guys. And anyone that isn't really
22:22
talking about the solutions and the real root cause of the
22:25
problem I would say is is really a part of the problem.
22:28
So like until Tucker Tilly Lon, until all the Talking Heads are
22:32
really talking about the root cause of inflation, which it's
22:34
them. Expanding, the money monetary
22:36
Supply, you know, we have an uphill battle and this is why
22:41
it's a pain. Every one of us bitcoiners to
22:43
try to wake up our friends and family become the Bitcoin
22:46
message. Show them that look, we have a
22:48
solution to these problems. It's not not enough to just talk
22:50
about the problems like saving Bitcoin.
22:52
Take Bitcoin into self custody opt out of this madness and this
22:55
is how we really change things. Like it's really simple.
22:58
Everything is very simple. People need to stop
23:00
overcomplicating things like keep it simple.
23:02
Stupid. Inflation is caused by expanding
23:04
the monetary Supply opt out of this madness by Saving Bitcoin,
23:08
by taking Bitcoin into self custody, like, it's literally,
23:10
as easy as this. You don't have to over
23:12
complicate this, we don't have to get into, you know, complex,
23:15
economic theory. It's very simple.
23:18
Like, it's very simple, guys. And It's over complicated for a
23:20
reason. It's to keep you in the dark
23:22
like this is the fundamental basics of what's going on right
23:25
now. Straight up.
23:26
It's literally simply Bitcoin. Anyways, everybody, let's get to
23:29
the news. Let's do it.
23:33
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25:34
Today I want to talk about the kingdom of Bhutan so the kingdom
25:41
has secretly been investing millions of dollars in Bitcoin
25:45
in this came out. And I wonder how many other
25:47
countries are doing this. I wonder how many other
25:50
countries are still secretly stacking the corn on yesterday's
25:54
episode? We reported or maybe it was the
25:56
day before we reported that Russia quietly became the second
26:02
Biggest Bitcoin miner, right? So it's like you're seeing that
26:05
it's almost as if you're seeing the Game Theory play out.
26:09
Maybe you know maybe we aren't crazy Opti, I don't know.
26:12
Anyways so it goes on to say the landlocked Himalayan country of
26:16
Bhutan has been said to be secretly investing millions of
26:19
dollars in Bitcoin and other should coins the bankruptcy, the
26:23
bankruptcies of lender block Phi and Celsius.
26:25
Have made the company's Investments public which had
26:28
previously been kept secret from the general public based on
26:32
Court records batons 2.9 billion dollar, National investment ARM,
26:37
druk Holding and Investments, was a client of insolvent.
26:40
Crypto lenders block, Phi and Celsius, according to documents
26:43
revealed in Forbes. And this is, you know, what's
26:46
really interesting about this guy's?
26:47
And I touched upon this earlier, when we were talking about Elon,
26:51
is that it doesn't matter whether you're a country,
26:54
whether you're a public company. Now your keys, not your Bitcoin.
27:00
Now your keys, not your Bitcoin and especially like if you're if
27:04
you're a country, right? Do you really want to Outsource
27:09
your your the the custody of your wealth to another to
27:13
another state or to another company that lives in another
27:15
country that can use that politically against you?
27:18
Do you guys remember when Venezuela tried to reclaim the
27:23
gold that was stored in the UK? The governor of the UK said, no,
27:28
because it didn't like the current, the current Current
27:30
governor of a government of Venezuela.
27:33
So it's like the, you know, it applies, not your keys, not your
27:37
Bitcoin right drock holding in Investments is responsible for
27:42
managing a portfolio consisting. Consisting of domestic assets,
27:45
that are less sense, at least 20, 22 drug.
27:48
Has also been cultivating, a crypto portfolio in secret.
27:51
It was accidentally disclose in the aftermath aftermath of the
27:55
crypto, contagion that occurred last year, which resulted in the
27:58
failure of a Of businesses including FTX and Voyager over
28:03
the course of the three months covered by the Celsius filing
28:06
druk withdrew over 65 million dollars in deposited
28:10
approximately 18 million dollars in digital assets.
28:13
A complaint was handed over to druk in team the boot on Capital
28:18
City and the residents of the country's royal family by
28:21
eternity's by attorneys. For Block, fi a company that
28:25
declared bankruptcy in November only a few days after FTX did.
28:29
So Block fi. Could you play the rocket ship
28:32
thing? Please off the yeah, I got you.
28:35
One second. Don't get shit.
28:37
Get on every time I think of lock, my tits.
28:40
I hear Pomp. And in my head, anyways, block,
28:43
Phi is making the accusation. The accusation that the fun has
28:46
failed to return a loan of 30 million dollars that it
28:49
received, according to the claim in February 20, 22, drunk agreed
28:53
to borrow 30 million USD coin, which is a stable coin, whose
28:57
value is tied to the u.s. dollar.
28:59
However, according The block faiz allegations, drunk quote
29:02
failed and refused to return the loan and its entirety.
29:06
This was the case even after the lender liquidated collateral of
29:09
1888 Bitcoin which had a value of seventy six point five
29:15
million dollars at the time of the loan, thus left and
29:18
outstanding debt of eight hundred and twenty thousand
29:21
dollars. What's more over 14,000 pages of
29:25
user information, including names, addresses, Financial
29:27
activities were made public by Celsius in October, And so it's
29:31
just interesting man. It's just this is so, so
29:34
interesting for two reasons. Reason number one is it seems
29:39
like nation-states are comfortable stacking SATs, you
29:42
know, and unfortunately they haven't learned that shit coins
29:44
are shit coins and whatever you know price of tuition I guess
29:50
but It's just interesting that they're doing the secretly and
29:56
it goes on to say also, is it drug decided to invest tens of
30:02
millions of dollars in crypto currency?
30:04
It would be an unusual move for the holding firm, which is
30:06
supposed to encourage domestic, business projects.
30:10
It would seem to be the first national wealth fund to acquire
30:13
cryptocurrency if it is actually what it is, what what it claims
30:18
to be direct. Interestingly this is not the
30:21
first cryptocurrency and Cryptocurrency and Bhutan has
30:24
been mentioned in the same sentence together.
30:26
Back in 2021 fin bold reported that Ripple Inked.
30:29
A collaboration with Bhutan Central Bank, the Royal monetary
30:33
Authority, the deal aimed to conduct a pilot project
30:36
facilitated cross-border, and wholesale payment through a
30:39
central bank, digital currency solution.
30:41
So it's just interesting, it's just interesting.
30:44
You have shit coin, infiltration, you have them
30:47
stacking Bitcoin, you have them stacking a lot of Bitcoin, you
30:50
have them, not taking sole custody of their A coin.
30:52
So getting wrecked in the process.
30:54
It's almost as if they're paying their price of tuition.
30:57
Like everybody else just really really interesting to see.
31:01
Anyways, I think the thing, the highlight of today is really
31:06
this and this is really really what I want to highlight and
31:09
really really what I want to talk about which is Indonesian
31:13
Governor. Totally going to butcher his
31:15
name so Governor ra ra. Di Duan Camille is set to speak
31:22
at the bit. In conference and they announced
31:23
this April 17 2023 but was also happening in Indonesia, is they
31:29
announced in Indonesia Bitcoin, Conference October twenty six
31:33
and twenty six, twenty seven. Twenty twenty-three the
31:36
Indonesia Bitcoin conference. So what the hell is going on in
31:40
Indonesia? I don't know.
31:43
But would they really be sending someone from the government?
31:46
Would they really be throwing a Bitcoin conference there?
31:49
If you know, something wasn't happening.
31:51
I mean I think that's just common sense.
31:54
Like, you can't just say that spec you.
31:56
That's a hell of a coincidence, if you ask me.
31:58
So you have to very predominant, you know, countries in Asia that
32:02
are clearly some we know that boot on definitely buying
32:06
Bitcoin and we know that Indonesia is sending
32:10
representatives to the Bitcoin conference as well as throwing a
32:14
Bitcoin conference in the country as well.
32:16
And what's really interesting about Indonesia is that
32:19
Indonesia has a population of Three million people.
32:24
So it's a pretty big country, right?
32:28
Really interesting Opti, you know, I, we always say, we say
32:33
things that we see things that are not there, but a lot of the
32:36
time, you know, those things that we see happened to, you
32:41
know, happen to be real things happen to be tangible things,
32:44
right? So, you know, is Indonesia the
32:47
next stop? I, I don't know, I don't know, I
32:50
have no idea. I have no idea, but Also, at the
32:52
same time, you know, in regards to Bhutan, you know, play with
32:57
shit coins when shit going prizes, right?
33:00
You know, they got this like, literally, it's like applies to
33:03
everyone. It doesn't matter.
33:04
Like it doesn't matter whether your country public company.
33:07
It's like literally like every time, like you get involved with
33:09
your coins. Like you get fucking wrecked
33:11
with chick coins, right? Like it's literally never fails.
33:14
But I mean look. Pay the price of tuition hurts
33:18
the fuck out of you and then eventually all roads lead to
33:21
bitcoin by the way. This also applies to Elon Musk
33:24
and the video that we played in the in the in the very beginning
33:27
as well. Right?
33:28
All roads, delete all roads lead to bitcoin.
33:31
Bitcoin is inevitable, get on the train before.
33:33
It's too late. Opt you what are your thoughts
33:35
about this bro? Again.
33:36
Yeah I always say this I am I seeing things that are not
33:39
there. Those are those like Bhutan
33:42
member of government speaking at the Bitcoin conference, they're
33:45
throwing a Bitcoin conference in Indonesia, like I mean like
33:53
something's happening, he can't deny it.
33:55
I don't know what it is, right. I'm very curious to see what he
33:59
says on stage. And I think this is a much
34:02
bigger announcement than the previous example, because the
34:04
previous example was my was the island of Madeira in Portugal,
34:08
right? They, you know, they wanted to
34:09
get involved in Bitcoin but as always, It was always like a
34:12
very small island, right? El Salvador was very small, you
34:15
know, we hear the Rumblings of Mexico but it seemed like really
34:17
nothing came out of that. Maybe this isn't a maybe this is
34:21
the same. Nothing Burger own a Samsung.
34:25
Now I bet you Sam. Somehow knows exactly what's
34:27
going on in Indonesia. Anyways, what are your thoughts,
34:30
bro? It's well known on Earth.
34:31
Let's roll back up for a moment, you know, on the one hand Bhutan
34:35
got rug pulled by block fine Celsius.
34:37
So let's kind of absolutely wrecked but hey, what are we
34:41
It's cost of tuition and everyone learns one way or the
34:45
other, some of us by putting our hands on this shit, coin stove
34:49
and getting burnt and then others by, you know, following
34:52
the signal and taking Bitcoin into self custody.
34:55
So I think we are going to see this story play out, not only on
34:59
an individual level, but I'm sure we'll see.
35:01
It played on a corporate and a nation state level and we have
35:05
our first victim, okay? On the other hand, though they
35:09
had a huge exposure to bitcoin and and the signal is, it's kind
35:12
of what you're asking is like I wonder, who else has this silent
35:15
exposure to bitcoin and it's only going to be a matter of
35:18
time until we figure out who is next?
35:20
You know, whether it's Indonesia.
35:22
We did see some rumbling, come out from Samson mauza, what's it
35:25
gen 3 project or fun? I don't know exactly what you'd
35:29
call it. I think it's a organization that
35:32
there is seemingly some adoption happening in Costa Rica as well.
35:36
So not only is it happening in Asian countries but also South
35:40
American countries and it's only Matter of time until we see more
35:43
countries come out publicly stating that they are stacking
35:46
Bitcoin but that's kind of the future of Bitcoin.
35:49
They don't have to say anything. There's probably people stacking
35:51
as we speak and you know like not to fall into the causation
35:57
plus correlation meme. But hey, it seems like the price
36:01
is responding to some big saker's out there, like, someone
36:05
is accumulating Bitcoin and it's only going to be a matter of
36:08
time until that news comes out until their bags are packed.
36:11
Act. And we know exactly who's who,
36:13
and what's what? But we know that it's a
36:15
basically on a, on a Game Theory perspective, we know that El
36:23
Salvador kicked the first Domino, and it's only a matter
36:26
of time until other countries other corporations and of course
36:31
more individuals start adopting Bitcoin.
36:33
So like it's only a matter of time.
36:36
I don't think as bitcoiners we have to sit here and wonder it's
36:39
just like okay. Just just, you know, Tick Tock
36:44
next block, and we will figure out who is coming out and saying
36:47
that they're bitcoiners because the whole world will be
36:49
bitcoiners. But man again, on the one hand
36:53
sucks to hear them, get rug pulled but on the other, you
36:56
know, I guess we are seeing adoption again on a nation state
37:00
level. And of course we are, we are
37:02
Bitcoin libertarian bent bitcoiners here but love to see
37:08
it. You know, the game theory of
37:09
Bitcoin playing out, everyone's going to be Hacking Bitcoin.
37:12
It's only a matter of time. Like this is inevitable.
37:14
This is I'm content just at this point, guys.
37:15
So here we are, we're seeing more more receipts on that
37:19
matter. And I think by the end of this
37:22
year, we will see a lot more. The dominoes are falling, I
37:25
think, is the tldr of everything we go.
37:29
We always say right Bitcoin. Bitcoin is inevitable.
37:33
You know, this, the best money wins.
37:36
You can't deny Bitcoins incentives.
37:38
I think Bitcoins incentives, stay winning and I think the
37:41
only thing governments really have to throw at us is coercion
37:44
like they're going to try to force people into Central Bank,
37:47
digital currencies. And this is why, you know, the
37:51
video with Ilan in the beginning was so important.
37:54
This is why You know, Tim pool talking about he wish.
37:58
He bought Bitcoin was so important.
38:00
This is why we must Force the question.
38:04
Very simple question, has to be simple because if it's not
38:07
simple, then just a lot of people are just not going to
38:10
like understand it and appreciate it and think about it
38:13
has to be simple. How's it be a simple question,
38:16
why are we being forced to use money that steals from us?
38:19
That's it. You have a bunch of people
38:21
asking that question worldwide. They do not have a response, the
38:25
response. Ponce to that will be violence
38:27
violence misra misrepresentations spin but they
38:32
don't have like a legitimate response or like they could say,
38:35
okay. This is the reason this is a
38:38
reason why it steals from you. This is whatever we were gonna
38:40
be like, what the fuck? But hold up.
38:42
There's an alternative that doesn't steal for me and that
38:45
alternative seems to be doing my life a little bit better.
38:49
What's really going on here? What's your response to that?
38:52
And I don't think they have a response, right?
38:55
So Anyways, I mean why else would they, why else would they
38:58
be avoiding it right? Anyways, everybody, no more
39:00
delay. Let's get to the culture.
39:02
We have a lot to talk about. Let's check it out.
39:07
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Dot-com era for more details and of course, you could always send
40:06
me a private DM on Twitter and I'll be happy to answer any
40:11
questions you might have. Anyways Opti, what are we
40:14
talking about during the culture?
40:15
I don't even know. Yeah well I've kind of been
40:18
talking to you behind the scenes and the today's of kind of a
40:22
good example as well of just how far the Bitcoin message is
40:26
spreading. And the fact that we are seeing
40:30
a lot of people stack Bitcoin and you know me I Try not to
40:33
bring charts on the show but sometimes I have to bring some
40:36
receipts so you guys don't think I'm just making stuff up here.
40:39
Anyways we did see this metric the other day.
40:43
It's all it's about a month old but this is from a Bitcoin
40:46
magazine and we also saw you know Sailors finally in the
40:49
green. But here's the tweet from
40:51
Bitcoin mag people who started D seeing into Bitcoin at 69k
40:54
all-time high or now up 10%. I don't know exactly what the
40:57
maps are here because I can't really tell exactly by this
41:00
Bitcoin magazine Pro chart here but it's back to kind of what we
41:04
keep telling you guys. If you lower your time
41:07
preference, if you continuously stack Bitcoin, then in the long
41:11
run, you are going to win and it's about just understanding
41:14
the fundamental proposition of Bitcoin and don't get caught up
41:17
in the daily fluctuation. So again, you know, this was
41:20
posted March, 22, 2023. So we are looking and updating a
41:25
little bit. We are above the March, closing
41:27
price. So I don't know exactly what the
41:29
dates were in the price, or but I would safely assume that if
41:33
You had continuously DCA down this whole bear Market.
41:36
First and foremost, congratulations, you're finally
41:38
in the green. If this is your first cycle and
41:40
second just wait until this bull market starts, I think we're
41:44
going to be all very, very excited.
41:46
But anyways, my next Point, here is the idea of we are bitcoiners
41:53
and I know we get so caught up in our Echo chamber.
41:56
We think that, you know, we are the center of the world and I
42:00
know a lot of my friends on bitcoin Twitter like we We are
42:03
the Arbiters of truth, but I think something that is really
42:06
missing. Is this idea?
42:07
And we talk about this all the time.
42:09
The Bitcoin message is spreading outside of our Echo chamber and
42:13
we do our best to try to spread that message.
42:15
And we are seeing it, consistently, whether it's on
42:18
corporate press, or whether it's on other independent content,
42:21
creators the conversation around Bitcoin is spreading and this
42:25
just means that we have to continuously spread the signal
42:29
but also that the Bitcoin conversation isn't just
42:32
happening on Twitter anymore. It's happening everywhere on
42:35
every corner of the globe and I'm just so bullish for this.
42:39
You know, whether we just have country stacking, whether we
42:42
have Corporation s, whether its individual stacking.
42:45
We are seeing the metrics show, what we believe is happening in.
42:49
Its adoption is happening in real time.
42:51
The Bitcoin message is escaping our Echo chamber and I couldn't
42:54
be happier for it. Anyways, first and foremost
42:57
before I go into this. I know, I know how a lot of us B
43:00
Corners, think about on chain metrics, but And how they can
43:03
kind of be gamified and how they aren't really you know the the
43:08
best examples of what is happening on the network but
43:11
they are giving us some kind of ideas and so I brought a bunch
43:14
of charts here. These are on look into Bitcoin.
43:17
I think they're kind of using the same data that glass note is
43:19
using. But here is some in my opinion,
43:22
bullish bullish points and I know that they are a little
43:26
gamified and it doesn't doesn't really portray to everyone on
43:29
the network, but I think the fundamental idea is happening.
43:33
Number is going up and in every metric across the board on
43:36
bitcoin. So here's the charts first one,
43:38
you know, Bitcoin addresses. We just saw that, we finally
43:41
made it over a million active Bitcoin addresses.
43:44
Again, that could just be a lot of people diversifying their UT
43:48
excels, but still numbers going up on active addresses, we have
43:52
addresses holding over X BT C by year going up, whether that is
43:56
.01, whether that's point one, whether that is one Bitcoin,
44:00
consistently number is going up. Up and it's just awesome to see.
44:05
It means the DCA Army out there, stacking you guys are
44:07
continuously spreading this the signal and again in chart form,
44:10
.01, BTC addresses with balances up at all time.
44:14
High of 11 point seven million. Again, point one BTC up at four
44:19
point three million. These are all time highs
44:22
addresses with one Bitcoin. It's roughly under million BT.
44:27
Seas. Are you txo addresses with one
44:30
BTC and even The whales out there, you know, 10B TCS is
44:35
almost at all-time highs. So while the network is getting
44:39
distributed, people are constantly stacking whether that
44:42
is from the tiny, I forget what's the smallest
44:45
nomenclature. Like the shrimp to the whales,
44:48
the numbers are going up and people are second and again, I
44:50
know. I know, I hear the actually big
44:53
Corner. Well, this doesn't actually mean
44:55
that there is more bitcoiners on the network.
44:56
It could be people diversifying into UT EXO's and spreading out
45:00
their Holdings. Yes, I know.
45:01
That's true. Yeah, but like He fine.
45:03
I agree with you but yeah, but fundamentally, yeah, it shows
45:07
that people are coming on the network.
45:08
People are stacking. So I know that I know the
45:11
caveat, we know the context, but nonetheless, it's bullish
45:15
because not only is the Bitcoin price going up, which is
45:18
obviously, what everyone wants to see here.
45:21
The addresses are going up but further Bitcoin lightning nodes
45:25
is going up. People are jumping on a Bitcoin
45:28
lightning Network and yes, you know, there is some contention
45:30
because people are saying like, oh, Shit coins.
45:33
There's more, there's more money in shit coins in lightning.
45:36
Yeah, it to this point but lightning network is only six
45:39
years old at this point and the Bitcoin lightning Network.
45:42
It's not at all time high. But currently it's at 18,000
45:45
nodes and then the lightning capacity is at all-time high and
45:49
we cover this daily, you know, 5430, one BTC in the lightning
45:54
node in the lightning ecosystem and I just couldn't be more
45:59
bullish. And here, I got another one.
46:00
This is from Santa meant dotnet. It and it shows the total amount
46:04
of Hoggers is at all-time high even though we are basically
46:08
just coming out of a bear market.
46:10
So, you know, again, it's not about one single metric here.
46:14
It's about all the metrics showing that Bitcoin is getting
46:17
adopted in real time. People are saving and Bitcoin,
46:20
the message is spreading, and people want to hold Bitcoin,
46:23
whether it's the amount of hot oil or lost coins going up at
46:26
all-time high, the amount of addresses.
46:29
Whether it's the lightning Network exploding, whether it's
46:31
hash rate, Your league going parabolic right now currently,
46:35
this is bit info charts, it's at 381 X, a hashes in the last 24
46:41
hours. It's just every metric is
46:43
showing that Bitcoin is exploding and not only that.
46:47
But we also have Legacy Traditional financial markets
46:51
and researchers showing what we know to be true that Bitcoin is
46:54
the best performing asset, not only this year but since its
46:58
Inception. But here we have this tweet from
46:59
documenting. VTC new Goldman Sachs.
47:02
Search data shows Bitcoin is the best Market performing asset in
47:05
the world this year. Absolutely blowing everything
47:08
apart at the time of this chart in March 17th 2023.
47:12
It was at 50%. I think we're at.
47:14
It's almost. I think it's a lot higher than
47:16
that now. But, anyways, I think the other
47:19
aspect of all this is actually let's go to this tweet right
47:23
here by Jimmy song. And then we'll go back to tours
47:25
to it, as Jimmy put here, you know, Bank shutdowns, Escola,
47:28
Satoshi and New York Times, hit piece have fueled, the rise of
47:32
big. A coin to 30k.
47:33
Imagine what a cbgc will do. Imagine when we Barbra Streisand
47:38
the adoption of Bitcoin and people start waking up to a few
47:42
ideas. Wait Bitcoin isn't dead.
47:44
Wait, why does my government want to ban my use of Bitcoin?
47:47
Maybe I should look into this Bitcoin stuff?
47:50
But as we saw toward to mr. Post the other day, people are
47:54
withdrawing cash out of the system at the highest rate in 50
47:56
years. And you have this chart here
47:58
from Fred the st. Louis fed.
48:01
Hold on, let me zoom out a little bit deposit that all
48:03
commercial banks at the lowest. It's been in 50 years.
48:07
So, I'm not saying that, all this money is going into
48:09
Bitcoin, but what I am saying is that people are feeling
48:13
something's in the air, we are understanding right now
48:16
especially as bitcoiners. And I hate to be the big Corner
48:18
that's like this times different but it really does feel like
48:21
this time might be different. And again, I hear my friend
48:24
Jimbo coin, hit in my like Whispering Meyer supercycle.
48:27
I'm not saying all that, guys. All I'm saying is because Coin
48:31
was meant for this moment and I think on all metrics Bitcoin is
48:35
performing better than any of us could have imagined.
48:38
And I saw this tweet yesterday from Nick Bhatia and I couldn't
48:41
I tried to get to the source of this but I don't have an account
48:44
here. So I'm kind of taking his word
48:46
here for it, but he does bring his swords here and he goes
48:49
there over 50 countries, in which the Bitcoin adoption rate
48:52
is 10% or higher over 20 countries have a Bitcoin
48:55
adoption rate of 18 percent or higher Bitcoin is global and
48:58
it's swallowing the world and I'm I absolutely love to hear
49:02
this. You know, we say it all the time
49:04
with the swan, boys, we are on the mission to get at least
49:08
three to four percent of the American population.
49:10
I wonder what the global population is it.
49:13
And I'm pretty sure we haven't hit that yet.
49:14
But every little action we are doing what's Nico said, every
49:18
tweet you like every meme, you make all the signal you're
49:22
putting out there, all these conversations that you're having
49:24
with your friends and family, it is slowly waking up humanity and
49:28
and I think the Consciousness around Bitcoin is He's starting
49:31
to wake up and people really are starting to at the very least,
49:34
look around and be like, wait, why do I have to deal with
49:37
inflation? Like wait, what is going on?
49:39
What like, why am I being forced to use a money that steals from
49:41
me? Is there another option?
49:43
Is this? The status quo, is this the best
49:45
we can do? And here we are as bitcoiners
49:47
just with the net, like Bitcoin is designed for this moment.
49:50
Bitcoin is the solution to all these problems.
49:53
And then I saw this tweet from mr.
49:54
Hot oil. And I'm pretty sure he's taking
49:56
a - vent on this one because that's just mr.
49:58
Hodda love him. He goes the longer.
50:00
A coin, staves working, the more Bitcoin.
50:02
Illiterate people join the network and I'm pretty sure this
50:05
is a dunk but I think he has a point and this is a point that
50:09
I've been saying the longer that the Bitcoin network shows people
50:12
that it is working. The longer we have time between
50:16
the Genesis block to today. The more people will wake up
50:20
look around and be like, wait this Bitcoin thing is ubiquitous
50:23
with the modern world and I think as we go out longer and
50:27
time, people won't have to do the The you know, hundreds of
50:32
thousands of hours of research and understanding that we had to
50:36
do it'll just be normal, it will just be like oh wait yeah
50:39
individuals are adopting, my neighbors are adopting.
50:42
Wait corporations are not wait nation states are adopting this
50:45
and it will be as easy and as simple and as boring as the
50:49
internet as email, it'll just be something that we are so caught
50:52
up and so used to in the modern world that people are just going
50:56
to finally, take the Deep dive, get in the Bitcoin.
51:01
A substantial significant amount of savings in Bitcoin and that's
51:05
when we really get into the gradually then suddenly stage.
51:08
So I know I got a little speculative on the end, but the
51:13
point stands nonetheless, not only is a DC, a Army in the
51:16
green. But every metric that I've seen
51:18
lately, is showing me one thing that Bitcoin is getting adopted
51:22
in real-time. We are constantly seeing the
51:24
Bitcoin memes to bitcoin conversation on corporate press.
51:28
We're seeing countries and people around the world Adopt
51:31
Bitcoin and Bitcoin is a global phenomenon.
51:33
I know, I know you got to sometimes zoom out and
51:36
understand. Hey, you can't ban Bitcoin, you
51:38
can only ban yourself from Bitcoin.
51:40
This is a global game and the more the game theory plays out,
51:42
the more, the political, what do we call them?
51:45
Now right now, Nico the unproductive class tries to
51:48
attack Bitcoin, the more it's going to spread and I have this
51:53
this visual right here just because it really makes the
51:55
point for me. Again, this is documenting BTC
51:58
and he said, watch the globally distributed Bitcoin network of
52:00
Two nodes, verifying the next block of transactions in the
52:03
chain and this happens every 10 minute and I just absolutely
52:07
love this visual guys, just to remember, this is a global
52:11
phenomenon, this is happening in real time.
52:13
It may not be as fast as we want to, but as my friend by King
52:17
Ghost says, every single day in our, in our spaces, just stay
52:20
solvent guys, lower your time. Preference Bitcoin is getting
52:24
adopted. Yes, I know we all want to see
52:27
100K Bitcoin million per Bitcoin but it's going to happen.
52:32
And what do I say all the time? You know, houghtaling is easy
52:34
Once you know why you ha do. But nonetheless, enjoy the
52:37
roller coaster ride and man, every metric is showing us.
52:41
One thing Bitcoin is getting adopted in real time.
52:45
This is a global phenomenon and we're here Frontline soldiers.
52:49
Continue to spread the signal continue to wake up your friends
52:52
and family. Because talking about the
52:55
problems is not enough, we have the solution to take Bitcoin in
52:58
the South custody, save in Bitcoin saving something that
53:01
doesn't get the base and you know if I have to name the
53:04
wallets for you guys, I will on mobile.
53:07
There's green blue Breeze. Phoenix Moon, I'm blanking on
53:13
some of them. Hardware wallets are Jade, she'd
53:16
sign, or cold card. Desktop wallets Bitcoin, core
53:20
Sparrow Specter. I think, I think I dropped the
53:22
ball on a few of these, because It going just off the rip.
53:26
I do, I'm going to put a list here so I have it every single
53:28
day. But guys there's trade-offs to
53:30
all this but it's not enough to just talk about the problem.
53:35
We need people taking Bitcoin into self custody.
53:38
We need people providing products and services for
53:41
Bitcoin. We need people downloading
53:44
Wallets on their phones at the very least like this is how we
53:47
actively change the future. Course of humanity is by having
53:51
people hold Bitcoin and this is why we're so, so hopeful here,
53:54
this is why I'm Opti, this is why we are deterministically,
53:58
optimistic about the future, because we will change the
54:01
course of humanity by getting off the Fiat standard and
54:04
getting on. A money standard Bitcoins and a
54:07
money that doesn't steal from us.
54:09
Stop letting your future get robbed from you.
54:11
Save in Bitcoin it's very simple food.
54:15
You mentioned something first of all holy shit saying Opti coming
54:20
in hot, holy cow, drop it in the the saint is mmm.
54:24
It's freaking awesome. It's freaking incredible but you
54:28
said something really interesting there and you're
54:30
talking about taking self custody?
54:34
Well, You definitely don't want to take self custody and put
54:38
your generational wealth on paper paper.
54:40
Rips little ASMR for you guys. You don't want to do that.
54:44
You want to put your generational wealth on steel,
54:48
and there's no better place to do it.
54:50
Then the bit plates, Domino, they're poor, they're designed
54:53
to preserve Bitcoin wallet. Back up seed words and
54:56
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55:01
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55:05
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plate products using simply you stamp your seed words into this
55:14
and it in case you guys didn't know, you only need the first
55:19
four letters of your seed word and the wallet software or the
55:23
hardware wall that you use will pull up the rest of the word.
55:26
So it's really interesting. A lot of people don't know that,
55:28
but it's genius. How they came up with this
55:31
anyways. Guys, put your generational
55:33
wealth, back it up on steel, do Not back it up on paper, get
55:37
yourself a bit plates, Domino today and you could use promo
55:41
code simply to get 10% off. Any ways to go back to opt, he's
55:47
soap bakra soapbox rant. That's was one of the best I've
55:50
heard. Holy cow, made me feel inspired
55:54
and optimistic but yeah man look you can't stop this.
56:00
Bitcoin adoption train. It's happening the numbers.
56:03
Show it look even if It's people.
56:05
Consolidating UT EXO's. Right.
56:07
Even what you said, Opti, right? It's maybe it's same people and
56:10
they just keep sending it to New addresses.
56:13
You could bet your bottom dollar, you can bet your bottom
56:16
sat that, you know, a big percentage of those people are
56:21
new bitcoiners. They are stacking SATs and
56:23
there's a whole I bet you there's a brand there's never
56:27
been the amount of whole coiners.
56:31
Than there is today and that number keeps Rising which tells
56:34
me that what's happening with Bitcoin.
56:37
The incentives of Bitcoins, stay winning, the hash rate is a
56:40
representation of that. Bitcoin mining is extremely
56:43
expensive. It's extremely
56:46
resource-intensive so they wouldn't be making these types
56:50
of investments into Bitcoin mining if they didn't feel that
56:54
Bitcoin had a future and if you compare excuse me and if you
56:59
compare that with all other Cryptocurrencies, their
57:03
proof-of-work, hash rate either stay static, right?
57:07
As was the case with the etherium before it migrated to
57:09
proof of stake. And then basically became his
57:11
surveillance token for, you know, the office of foreign
57:14
assets control. That's just part of the US
57:16
Treasury but you know, the Bitcoin Forks like bsv or
57:20
Bitcoin cash. If you take a look at their hash
57:22
rates, they've literally remain static and if anything they're
57:26
going down while the Bitcoin hash rate continues to go higher
57:30
and it for anyone who's not New, the Bitcoin hash rate is an
57:33
estimation because you can't really know what it exactly is.
57:36
And every website uses a different calculation, but
57:40
basically it's a representation of the amount of computational
57:43
power actively mining Bitcoin and the higher that hash rate
57:47
goes up, theoretically the harder Bitcoin becomes to
57:51
attack. So you want that hash rate to
57:53
keep going up forever. It's going up forever.
57:55
Laura and you know, that's exactly what it is.
57:58
It's not just me saying that I mean I think the Purrs speak for
58:02
themselves. Anyways guys we are running a
58:06
short a little bit short on time today so I don't know if we're
58:09
going to be able to do the meme review but opted you want to.
58:13
You want to do it? Let's do it.
58:14
Let's do it. I've got to go quickly.
58:16
I'll go through quickly. All right dude they're gonna
58:18
throw tomatoes at me if I don't do the memes, bro.
58:20
Alright we will give we will give the people what they want.
58:24
Let's let's get to the mean review.
58:25
Let's do it. The daily meme review brought to
58:32
you by Kaboom racks. I get this question all the
58:34
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58:35
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Kaboom racks. Kaboom, kaboom My guys, you
59:00
already know the deal. This is the movie.
59:01
I got to get through this quickly, tweet to the bullet,
59:03
wounds are the trailer. We are in information Warfare.
59:05
Not not that, not that quickly, not that quickly.
59:08
I know, I know I'm just guys, if it's never been more obvious to
59:13
you guys that we are in an information War.
59:16
It should become very clear to you guys.
59:18
And there's one, simple, simple idea that can boil all this
59:23
down, the only way they can bombard you with Of the
59:28
misinformation is by bombarding you with so much noise and this
59:31
is the importance of spreading the signal, so that people can
59:34
latch onto that signal. And I couldn't have picked a
59:37
better example of this than this picture.
59:40
This is this sometimes pictures are memes in and of themselves.
59:42
So, this one by at Hot Oil, so low, and it is graffiti.
59:48
So, hey, we're not telling you to deface public property, but
59:51
this is over a freeway pass and it says, say no to cbc's.
59:56
And this guy says, #Say no, to cbc's choose Bitcoin.
1:00:00
Great to see. I think this is in London per se
1:00:04
but the signal spreading guys. And, you know, spread it any way
1:00:10
possible. I'm not telling you to break the
1:00:11
law, just spread it any way possible.
1:00:13
Shout-out to whoever the graffiti artist of this is now
1:00:16
everyone driving on this freeway is going to see the message say
1:00:20
no to cbc's, absolutely, love to see it.
1:00:22
This next one is by our friend. Justin orkney AKA @j.
1:00:26
Look me five on He goes, they are the carbon.
1:00:29
They should reduce hashtag New York Times up.
1:00:32
Hashtag. Stop the presses and we have one
1:00:35
of these. Whoa, Jack NPC memes with the
1:00:38
times New York Times logo on its forehead.
1:00:40
And goes, we need to promote carbon reduction strategies and
1:00:43
we have a Savage, Chad Bitcoin, ER, with laser eyes.
1:00:48
And he goes hashtag, stop the presses.
1:00:51
And if you guys know the stop the presses Twitter account is
1:00:55
basically doing the same kind of viral marketing, Eating that is
1:00:58
happening against Bitcoin, miners stop, the New York Times
1:01:01
because the New York Times just murdering millions of trees per
1:01:04
year and create billions of pounds of CO2 with their
1:01:06
wasteful Printing. And then we got the NPC New York
1:01:09
Times responding. Wait, not like that.
1:01:12
No, that's not what we meant. That's not what we met.
1:01:15
Absolutely love it. This next one is not by a bit
1:01:17
corner but I absolutely love this one and this is my at
1:01:20
warlord Dilly AKA Brendan Dillon.
1:01:22
He goes, Good Morning America. And we got some Founding Father
1:01:26
Pepe founding fathers And it goes, it says right here.
1:01:29
We can say whatever the fuck we want pointing at the
1:01:31
Constitution. Absolutely love it.
1:01:34
I know a little a little, toxic me go but uh this one's this
1:01:36
one's dear to my heart. Okay, this next one is this is
1:01:40
Swan Bitcoin posting it but it's our boy, the BTC therapist and
1:01:43
they go Bitcoin meme of the day. Absolutely love this one and we
1:01:47
got someone on an inner tube flying in the sky.
1:01:50
And it's a shit Corner in the inner tube about to get flown
1:01:53
away and it goes me with the Bitcoin, only scissors about the
1:01:57
Cut the Rope. Because hey, there's Bitcoin in
1:01:59
their shit coins and we are not the same.
1:02:01
We are not in the same fight. Anyways, this next one, we
1:02:04
didn't do a template Tuesday and so I picked one.
1:02:07
I know in the past, I said, the the most likes wins, but we had
1:02:11
someone use Bots to get the most like, so now you guys force my
1:02:16
hand, I have to choose these ones.
1:02:18
Hey, I am the captain now. Anyways, we did the template
1:02:21
Tuesday, and we got this. I don't even know.
1:02:24
We just got like a lady's hand, grabbing some guys.
1:02:28
And I picked this mean by orange new world and it goes perceives
1:02:32
the hold government, issued bonds and believes in ESG and it
1:02:35
goes Bitcoin has no intrinsic value and then you shut him up
1:02:39
because hey it looks like Bitcoin is priced at around 30
1:02:42
K. I don't know what you guys are
1:02:43
talking about. I find Value in Bitcoin.
1:02:45
I know you guys do anyways. Anyways, Drop Your Meme review
1:02:49
score in the chat as we cover hours live, you know, me?
1:02:55
I really I really do like these physical Bitcoin mags but I
1:02:58
think I gave you the front. So I'm going to give you the
1:03:00
back. I don't know if you seen this
1:03:02
guy's. It's art.
1:03:04
That's that's some art right there.
1:03:08
Okay. NECA.
1:03:08
Drop yours. You're muted, you're muted.
1:03:12
I'm going to give it. 21 million on a piece of paper but don't
1:03:18
store your seed phrase on paper because you could rip it store
1:03:22
your seat on Con on metal. That's, that's my score.
1:03:26
Anyways, before we move on to the other that before we move on
1:03:32
to more scores, I want to give a shout-out to our awesome
1:03:35
clothing sponsor represent, LTD.com they have amazing, merge
1:03:40
opting. I wear it every single day.
1:03:41
I'm wearing the classic blue represent hoodie opt he's
1:03:44
wearing The limited edition Bitcoin hoodie.
1:03:47
And by the way, by the way guys, by the way, there's a hat flip
1:03:51
it Opti. We got a comment, we got a
1:03:53
comment yesterday. Hold on, hold on.
1:03:55
Let me I'd mirror. I just I like I like how the
1:03:58
microphone got. I'll switch my microphone so
1:04:00
that you just for the meme review.
1:04:01
There you see, there you go. Okay.
1:04:03
You can switch it back. He's back now we're keeping it,
1:04:07
keeping it for now it out for now.
1:04:09
Okay, okay. Okay.
1:04:10
Okay. Anyways guys, they have awesome
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get yourself a big discount. Anyways Opti no more delay.
1:04:25
Let's get through some of the scores but first we have to
1:04:30
queue the epic music. Here we go.
1:04:37
The Pima and man, I give those memes a quick death to Western
1:04:40
Union. Bitcoins Chief carbon officer
1:04:45
for the people want to see Opti and Crissy back together.
1:04:48
Give the people what they want or else.
1:04:51
I agree. I, we need an Insider.
1:04:53
We literally need an Insider. I did my best celebrate, the
1:04:57
will to wait next one next one, Phil.
1:05:01
See, I give these memes DCA till 2140 for anyone who doesn't
1:05:06
know. That's when the last Bitcoin is
1:05:07
estimated to be mined McLovin, I give the memes a vat of
1:05:11
delicious orange Kool-Aid. Sounds delicious.
1:05:15
I think that's called Tang. I think that's called, tang,
1:05:17
tang, tang, tang, tang. That's it so far.
1:05:20
Wait the buzzer, wait, no, bro. We stopped because of the, it's
1:05:25
always about Anyways, the way down low, let the this is not a
1:05:32
score, but shouts out to skip on down the road.
1:05:35
Nothing has intrinsic Valley. All value is subjective if, you
1:05:38
know, you know. So I have to say that all the
1:05:41
time Orcs me, man, it really does Eric me.
1:05:45
Anyways guys, thank you so much for tuning in to another episode
1:05:49
of Simply Bitcoin live. I'm your host, Nico and this is
1:05:53
my co-host. Opti, you can follow us on
1:05:55
Twitter at b v 7 for me and you can follow up T at my My
1:05:59
underscore Living underscored Truth.
1:06:02
Anyways, love you all, guys. Thank you so much for tuning in
1:06:05
to another episode of Simply Bitcoin.
1:06:07
You could find us on other places, a tick, tock shout-out
1:06:10
to our awesome, Rumble listeners.
1:06:12
We hit, I think it's like 35 people.
1:06:14
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1:06:17
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1:06:19
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Check out all our awesome writers from our awesome
1:07:01
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1:07:05
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1:07:07
y'all. Anyways, we love you.
1:07:08
Thank you so much for tuning in. Make sure to hit that, smash
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do to help this channel, help the movement, share all Bitcoin
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content, don't be exclusive, because Bitcoin is very, very
1:07:23
inclusive. Anyways, if you want the party
1:07:25
to go on, we are hosting a Twitter spaces until 2 p.m.
1:07:30
Eastern Standard Time, opt he's going to be holding it down if
1:07:32
you want to join the conversation, so you could find
1:07:35
this there. But anyways, Opti and wine are
1:07:39
going to be holding it down tomorrow.
1:07:40
So they'll see you tomorrow at 12:15 p.m.
1:07:43
Eastern Standard Time for another episode of Simply
1:07:46
Bitcoin live.