Latest / Simply Bitcoin / EP366 Bipartisan Effort to Overturn Bitcoin Infrastructure Tax Provision

Transcript

EP366 Bipartisan Effort to Overturn Bitcoin Infrastructure Tax Provision · Simply Bitcoin

0:00
Welcome back. We're simply Bitcoin.
0:02
We break down the news from Twitter.
0:03
The daily fail mean review, software releases Hardware
0:07
releases and the websites by plebs joining us today.
0:11
Very special guests fellow Bitcoin ER and host of the
0:15
lightning junkies podcast the Chazz.
0:19
That's right, he's joining us. Okay.
0:21
But first, we're going to the numbers.
0:22
Let's do it. People brought to you by Bitcoin
0:27
2020. To get your tickets now because
0:30
Before the next price, increase in 12 days and take advantage of
0:33
the link down below for 10% off your ticket to bitcoin 2022.
0:37
At the time of this recording, the block height is 710,000 342
0:41
the Bitcoin price 50 6820 chain rewrite day. 746 total public
0:49
lightning capacity, 3200 47.84 a new all-time high.
0:54
That's right. We know it's Moscow times 1760
0:58
and blocks to The Happening. 129,000 658.
1:04
You know what I have to say about this Phil and now and I
1:09
was about to tweet this but I saved it to drafts.
1:11
Okay, the responsibility the price right now, right?
1:17
I put total 100% responsibility on Dennis.
1:21
Okay? This was completely caused by
1:24
him. This is his fault.
1:26
And, you know, I think as a community we should all be very
1:29
Very angry at him. That's my opinion.
1:32
What are your thoughts fill? I definitely.
1:36
Okay, when we went down below 57, I was like, you know what, I
1:40
might actually want to call the 58 gang for some help to put
1:44
this thing back up. That was like fifteen K gang.
1:47
Come on you know like you were there when we didn't want you.
1:50
Now we need you to come back. Where are you?
1:52
Where are you Dennis? Where are you?
1:54
Need your help screwed here. We're getting screwed on both
1:56
sides. Need your help tonight.
1:57
No, but I do need your help all joking.
1:59
Dude. You're fucked.
2:01
You're an effing Legend. He called it.
2:04
Tefik is hell. Yeah.
2:05
Super funny. I think you're pissing off a lot
2:07
of evil in the good way. Yeah.
2:10
But but anyways, in these times of desperation, Phil, you know,
2:14
what time it is. It's Nico glass node
2:17
subscription time and get ready. Everybody.
2:21
We are about to inject, some hope IAM directly into your
2:23
veins. However, big to Big disclosure,
2:27
right? We show you raw data and with
2:30
that raw data, you get to decide what you want from it.
2:33
And I also want to point out that just because something has
2:35
done something in the past, doesn't mean it will do it in
2:39
the future, okay? Anyways, that being said, check
2:42
this out, this is called realize hottel ratio.
2:45
And there, the rest read the description.
2:47
A high ratio is an indication of an overheated market and can be
2:52
used to time cycle tops, right? Right?
2:56
So let's look at the cycle tops, right?
2:59
This is 20 2011. This was Is the 2013, this was
3:06
the 2017 and very interestingly, right?
3:10
This is, you know, the current situation that we're in, right?
3:15
We're not even close that dotted Red Line, right?
3:18
So, it also very interesting, right?
3:20
This is the, this is the all-time high that we hit in,
3:24
really. It was like mid mid year, right,
3:27
50. Well, was it 50 for whatever and
3:30
this is, right? We're at 65, or we were Right.
3:34
But it's interesting because it's at the same level, right?
3:37
And we're no near close to that red light.
3:39
Now, again, this is hope you and this is why we call it, hope
3:44
you, right? But it's nice to see these
3:47
things sometimes, right? And again like you know these
3:50
indicators doesn't mean you know you know past performance is not
3:55
indicative of future results or whatever but it's nice hope you
4:00
write. What do you think, Phil?
4:02
That's some serious opium. That?
4:04
I mean, are you kidding me? Like that's that, that's
4:06
ridiculous. I'm looking at that.
4:07
And I'm like, what? Look at that Gap.
4:11
We have. So, we have so much to go.
4:14
Yeah, we do. We do anyways.
4:17
If I want to get you know what Phil listen, our guests very is
4:22
the first time that we've ever had a guest live from 35,000
4:27
feet. So we want to welcome Jazz.
4:30
How you doing incredible internet connection by the way?
4:34
Oh I know I had to pay for that extra you know the extra Wi-Fi
4:38
up here, they charge a lot on the private ones so yeah.
4:42
Um I think it's really interesting that chart you know
4:46
when there's that much of a separation there's there's no
4:49
conclusion. You can reach other than it has
4:52
to go up to meet it. It has to.
4:55
That's true. It's true.
4:56
I mean look it's true. Just by our body postures I
5:01
think what you guys get some eyes with me in Or saying we're
5:04
me and Phil are thinking but that doesn't mean we're going to
5:07
tell you. Anyways, Phil it's time for the
5:09
daily fail. The daily fail is brought to you
5:13
by Amber app. Check them out.
5:15
Amber dot app, it's Bitcoin, Made Easy.
5:17
The easiest way to buy Bitcoin. Check out the link down below.
5:21
I didn't forget today. I remembered yellow.
5:25
Tell them what's up. I'm a smart way.
5:28
Stuck sounds as I was just explaining its three just three
5:33
A jewel Tweets. We're not diving into a major
5:35
long fail story for today, but these are epic failures.
5:41
Nonetheless, let's dive into each of them.
5:43
So we've got count at count Bitcoin.
5:47
Shout out to you for putting this together.
5:50
Look at this YouTube thumbnail. Now obviously, we're not going
5:55
to show the video right but take a look at that, right?
5:59
Our Regulators coming for crypto and behind bars.
6:03
And he has Bitcoin. Oh, I think he realized on the
6:08
allgäu on the algo on the sco that that crypto is a better,
6:13
you know, it's a better search. It's a better search thing,
6:16
right? But, anyways, Phil could you
6:18
could you scroll down a little bit because Jesus is something.
6:21
I was really wise. Really.
6:23
Yes. Live by the growth hack die by
6:28
the growth hack. Bingo now.
6:32
Okay so hold on a second because we so this is a very fine line,
6:37
right? Because we do attempt to do our
6:40
version of thumbnails and we do attempt to do our version of you
6:46
know, iPad Wally hyperbolic verbally.
6:49
Yes. Yeah, hyper hyperbole
6:51
hyperbolic. We're destroying that word.
6:53
We're killing that word I'm sorry.
6:54
Butchering it Really but you guys are probably used to this
6:57
by now but yeah. So you know we try we know we
7:01
use catchy thumbnails or do we use catchy titles?
7:05
However, however, big however, right?
7:09
You can see that pumps started with Bitcoin, right?
7:13
And then he slowly right? You'll see his evolution of his
7:17
thumbnails, right? And you see the evolution of his
7:20
titles and that comes to one reason, one reason alone, right?
7:24
If you put crypto, In your interests me and you could
7:27
download so many different little YouTube apps, right?
7:31
And they'll tell you exactly what titles, good, what to
7:34
search for. Like, there's a science to this
7:36
if you use crypto, right? Or any of the shit coins,
7:39
they're much better searched than Bitcoin, right?
7:43
So it's incredibly difficult, it's not difficult, right?
7:47
It's just here's the thing, right?
7:50
You grow slower, if you don't use those terms, but you get to
7:55
keep your soul. Ole.
7:55
That's, that's the positive part, right?
7:58
So we would rather keep our souls here on simply Bitcoin.
8:01
I know a lot of use in the comments like, wow, you guys
8:03
should have more Funk and Views and all that stuff.
8:06
That's why because we purposely don't do, we don't deal with
8:11
shit coins. We only use Bitcoin in our in
8:13
our thumbnails and our thumbnails in our titles and
8:16
because of that, right? We don't rank so well right.
8:21
Anyways Phil what are your thoughts?
8:22
And again you know we're not really good hope IAM dealers
8:24
right and we're That really, you know, trying to give you price
8:27
predictions or any of that either.
8:28
So, you know, all those addicts aren't really going to like,
8:32
simply Bitcoin videos, right? We try to stick to only the
8:35
signal for you guys. But Phil, what are your
8:37
thoughts? I'm gonna take a slightly
8:40
different spin on this even though, obviously what you just
8:43
explained is, you know, it's correct.
8:46
But I'm going to take a different spin to that
8:48
screenshot, right? So you see how he's got the
8:51
Bitcoin logo Behind Bars and he's talking about the
8:53
regulator's coming for. Krypto.
8:56
So it's this validation by association thing but at the
9:00
same time it also creates this Fudd narrative that Bitcoin has
9:04
something looming. Okay and what again?
9:07
Right we've shown time and time again right?
9:10
The regulators and all that stuff they can stifle it for a
9:12
time but it doesn't make a difference.
9:14
They have absolutely no control over the network although with
9:16
your crypto in your shit coins. You absolutely have to worry,
9:21
okay, you do have to be concerned.
9:23
They all have ahead. You can chop there.
9:25
There's every single one of them has a door you can close.
9:28
Okay so that I'm that's that's my spin on this likey.
9:32
It's just you know like it's just again you know, it's the
9:35
click bait, right? But it's clickbait in this like
9:38
disingenuous shitty way that for a noob they get they get
9:42
concerned and at the same time if they don't know enough they
9:45
think that all these other shit coins are validated because
9:49
Bitcoin and they're not correct. And and you know in And look
9:54
just to clarify. I know look, we always
9:58
appreciate the work ethic of content creators and we're not
10:01
trying to take away anything from that, right?
10:04
And pomp really does work really incredibly hard, right?
10:07
But we just don't agree with his methods, right?
10:09
We're trying to take a different route and we're trying again.
10:13
You know, it's exactly what Gigi said.
10:17
I think GG summarized it perfectly in that sweet, right.
10:21
It is you live by the growth hack, you die by the growth.
10:24
With hack, right? And in a way, when you start
10:26
playing those those games, right, where, you know the
10:29
typical YouTube thumbnails, right?
10:33
You know, again like yeah, you will get more clicks.
10:36
You will get more engagement. You will get more views.
10:39
Absolutely right. But at the same time, are you,
10:42
are you really doing it to help the revolution, right?
10:45
Are you really doing it for self-promotion, right?
10:48
Just the thought, but anyways, Chas, what are your thoughts on
10:51
this? So pump the first time I ever
10:56
saw that dude's name was when he followed me on Twitter and then
10:59
two weeks later unfollowed me, you know, that old growth hack
11:04
back in the day like that was years ago and he's basically the
11:08
only person that on Twitter that has that big of a following that
11:11
I do not follow back because of those reasons.
11:15
And so in my opinion, basically, he's falling into the Trap that
11:20
the altcoin promoters. Want him to fall.
11:22
He's agreeing a very good old coin promoter.
11:24
And the sense that like you guys were saying, they all coins have
11:29
something to worry about for regulations and so they kind of
11:32
need the the kind of cover of Bitcoin or the, you know, people
11:37
to saying we need regulation regulation is going to happen.
11:41
You know, we can't resist it, you know?
11:42
Let this bring it in, it's great, it's wonderful.
11:45
Let's just eat it up and then they get to kind of enjoy the
11:49
riches of that position like kind of pump.
11:52
Is taking the kind of Lion Share of, you know, of the numbers
11:58
basically. You know, and I have a hard time
12:03
really. Getting the sense that he cares
12:05
about like, the actual Revolution or Bitcoin or
12:08
whatever, he cares about enriching himself first.
12:12
And then, maybe I'll go down to El Salvador and I'll see what's
12:15
going on later. I don't know.
12:16
I just, I've never really liked pumps being entirely honest.
12:22
Yeah. Look, I think so.
12:25
Yeah. I think everyone has you know, a
12:27
different role to pay a play, right?
12:29
He's definitely taking the route of the influencer, right?
12:33
That's 100% for sure. But again, you know how it is
12:37
guys to each their own, right? So, you know everyone has you
12:40
know if that's the way that you want to do it, you know.
12:43
Go ahead and anyway, so what is a Grace?
12:47
Bring a sudden. I'm always ready.
12:49
Feel bad at all right. The next one is brought to you.
12:52
You buy the right click assassins?
12:55
No, I just made that up. Right, here we go.
12:56
I downloaded. All 10,000 of those ugly, Lazy
12:59
Lion and ftes, and turn them into a mosaic of a person,
13:03
right? Clicking that's at concrete
13:06
hottel. Thank you very much for posting
13:08
that and I believe it was icoc. Not that tagged Us in this and
13:12
don't get me wrong, but his reply is great.
13:17
I'm sorry, but that's such a great gift.
13:23
Yeah, that was. That was good.
13:25
Okay. So anyways, I just thought that
13:26
was, what are you talking about? So what is all those downloaded
13:30
10,000 gifts? Oh, I mean those are not gifts
13:34
and FTS and ft is. Yeah.
13:35
So it's just a bunch of NF T's of lions, right?
13:37
The, the ugly, lazy Lions, but where did he download them from
13:42
all? We'll know where I mean.
13:43
We're getting to that but unfortunately, we're not allowed
13:46
to show everything. No, we we could talk about it.
13:49
We can talk about it, but we can't show Stan.
13:52
It's all right. I digress.
13:53
I digress. Let's get into it.
13:56
Grubbles. Posted this but it actually came
14:00
from. I believe Jeffrey Jeff Huntley.
14:03
Good morning. There's a torrent of all the N
14:05
FTS on aetherium and Solana. That's right.
14:11
And I just want to point out. Okay, so this is every single
14:14
nft all there. You can just go download the
14:16
whole entire thing. Unfortunately, unfortunately, we
14:19
cannot attest that and we, what we can't.
14:22
There's just a screenshot. We will not be able to provide a
14:25
link for you either but he was a screenshot Shot of the Pirate
14:29
Bay thing. Yeah, but I just want to point
14:31
out I just want to point out something that that Jeff that
14:33
Jeff wrote did you know that a 10 ft is just a hyperlink to an
14:38
image that's usually hosted on Google Drive or another Web 2.0
14:41
web host. No way, no way.
14:48
Okay, I can't show it. I'm sorry.
14:50
Hmm. Anyways but look guys, this is
14:55
this is what we've been saying, it doesn't, it doesn't matter.
14:57
You're paying for a hash you're not paying for actual ownership
15:01
rights of that image. You're not.
15:05
You think you are? I know you think you are, you're
15:07
what was that called? Again, Nico, it's representation
15:10
of ownership. Does that even mean that it's
15:15
pathetic like representation of ownership.
15:17
For a, JPEG makes no sense at all.
15:20
How does it help you in any way, shape, or form?
15:23
It doesn't. And look this guy just proved
15:26
it, okay? And he is definitely getting a
15:28
lot of crap, but it's proving a point, you are paying for a
15:32
unique. Hash you are not paying in for
15:34
ownership of that image and as only.
15:37
And when somebody buys it off of you, they're literally buying
15:40
the hash off of you exact. They're not buying the image
15:43
stop pretending. Okay?
15:45
Anyways, Nico go know. You're spot on it.
15:48
Wasn't the hashes that were stolen, the hashes are still
15:51
there. It was the actual image, right?
15:53
And why was it the actual image? Because you can make a copy of
15:57
an image. I printed this out so long ago,
16:00
right? And it's like this guy's like oh
16:02
you bitcoiners, you know, like look.
16:04
I right click saved and I printed right, like it's not
16:07
that hard. Then you actually have these
16:09
companies that sell the stock photos, which we talked about
16:12
many times and what they do is they put a watermark, right?
16:16
So that Watermark right shows that hey, you don't own the
16:20
rights that image, right? And that's their way.
16:22
It's a pretty effective way, to be honest, right?
16:24
To show you that look, they don't own the rights that image,
16:27
right? But apparently, right because
16:29
these people, right, and I see it, you know what, in the
16:33
Bitcoin In kindergarten, we were talking about this yesterday and
16:37
I said, listen Bitcoins a cult. Okay?
16:39
But here's the thing, their cult is wrong in our cultist, right?
16:44
What do you think Phil? Okay, you know what?
16:46
I first of all, where the cult of sound money, that's what we
16:50
are. Where the cult of sound money,
16:51
you could be part of many Cults, okay, you could be, you could be
16:53
part of a like you could be part of like the you know, the Fiat
16:57
money Club. There are the the Fiat money
16:59
cult, right? And there you go, you know, you
17:01
worshipped evaluation and inflation and all of that crap.
17:04
So you know, you could be part. Yes.
17:07
Hold on a second. While I hold on a second are
17:09
they not a cult? Joe Biden whisper.
17:12
There's a there's a pyramid. With an eye on the back of the
17:16
dollar. That's fucking weird.
17:18
Have you ever thought about that?
17:19
That's fucking weird. That's so weird.
17:22
Well, did you ever read the Latin?
17:23
It says New World Order. No, yeah, of course, come eat it
17:28
really. Are you serious?
17:30
Come on and this is old conspiracy stuff.
17:32
This is like super old conspiracy stuff that when I
17:34
want to. Yes, I have to point out for the
17:36
nft so I apologize. I know we could go down a rabbit
17:39
hole for that for a really long time, but I just wanted to go
17:42
back to the nft quick. I saw something.
17:43
NG absolutely cringe today on YouTube.
17:46
Okay, I saw the post Malone, some post Malone video you know
17:51
that that guy whose face looks like a high school desk with all
17:54
like the drawings. Like so it's not post Malone
17:56
video and he's buying an mft. So again I know it's mean making
18:01
fun of all the tattoos. I totally appreciate all of that
18:03
good stuff. You know, people can do whatever
18:05
they want with their bodies. I have giant stupid stretchers.
18:07
But what I'm saying is that this guy is being used to sell and
18:12
chill NF T's. So, Oh, they show him buying an
18:15
mft in the in the in the video at the beginning and all of
18:18
these people are cheering for this.
18:20
But again this is nothing but bag pumping, this is nothing but
18:24
bag pumping like they paid. I I'm digging, I'm desperately
18:28
trying to find somewhere proof that they paid him to do that.
18:31
I'm 100% sure that he was paid to do that in his video, okay?
18:37
So they show him buying an mft. I'm sure that there's a trail
18:41
showing that like that money, never left.
18:43
And if it did it came right back.
18:46
I think that's, that's my, but I look, that's my opinion.
18:48
Okay, I just think it's cringe, and this is what they're doing
18:51
to suck. People into this garbage.
18:53
My opinion, is that I like Phil stretchers, okay, I just want to
18:56
get that on the record. Okay, Chaz.
18:58
What are your thoughts? What are your child?
18:59
What are your? What are your drought?
19:01
What are your thoughts on this? Well I think I want to say first
19:06
that simply Bitcoin has the correct opinion about entities
19:09
He's just saying they're they're just fucking hash strings the
19:15
end. So, besides that though, I find
19:21
the hole torn thing, very interesting because it kind of,
19:24
obviously shows what's kind of going on here to some extent.
19:28
But I actually wanted to point out and very egregious and it t
19:33
that I'm not sure if you guys saw this like, a few months back
19:36
or something like that. But it just stuck in my mind.
19:39
Gary Vee. I'm not sure if you know who
19:41
Gary Vee is, but like he's a promoter guy.
19:46
You know. That's all he does is promote
19:48
himself, like a kind of supercharged pomp, actually and
19:53
so he's launching an mft restaurant where you do.
19:59
I don't even get it, man. It just what I put that into my
20:02
brain, it begins to melt and then I don't know where to go
20:06
from there, you know? So, hold on Chaz is is The food,
20:10
a picture of food that's tied to a unique hash or is the food
20:14
tied to a unique hash? And once you eat the food, all
20:16
you're left with is the hash. How does that guy?
20:20
I think the food is interesting and the rest is a scam.
20:24
So so there is real food involved here.
20:29
I would think so. I think that's the the entire
20:32
Point here that and if keys aren't really bringing anything
20:36
unique like they're a ticketing system, Fine, if you want to do
20:41
that with, with hash strings with colored coins on bitcoin,
20:45
and 2015, go for it. That's where most people in
20:49
Bitcoin first started touching and AT&T's was with rare peppe's
20:53
or even before that on counterparty.
20:58
And it was stupid back then like not to say anything bad about
21:02
the rare Pepe art itself. But the concept is dumb, I'm
21:06
sorry. Yeah, II completely We agree in.
21:10
You know, man, it's just so freaking stupid.
21:15
It's just so dumb. But I mean, look, I feel like I
21:19
feel like the, the shit coin, entrepreneurs, right, or
21:24
scammers or whatever, you want to call them, I feel like they
21:27
come out during the bull markets, right?
21:29
They hide during the bear there, like they go, they recess, you
21:32
know, and then during the bull they're like we're back and we
21:36
have something new for you, right?
21:37
And like 2017 it was like The Ico boom, right?
21:41
And it was like the ico's the next new token, right?
21:44
And then now they just like repackaged bullshit and the like
21:48
it's the nft is this is the future, you know?
21:51
So I'm just very curious what happens next time, like what are
21:55
they gonna come up with but we'll cover here first on simply
21:57
Bitcoin. Anyways.
21:58
Phil it's time for the daily mean reviews.
22:02
Brought to you by Citadel 21, it's the best Bitcoin culture of
22:05
zine. Get yourself a physical copy.
22:08
There's only Thousand made per volume.
22:10
This is volume 8 and volume, then just release.
22:13
Look at the beautiful artwork. It's Unique for every volume and
22:16
they're scarce. There's only 1000 made per
22:18
volume and check this out. We're going to do a double
22:21
header because it says crypto cloaks right here down there and
22:28
they sponsor us to. So it's a citadel 21 and crypto.
22:32
Cloaks get yourself a copy of Citadel Tony one today.
22:35
All right, so the Daily Review. First one is brought To Us by
22:39
Patrick be spot. The Spooks.
22:41
Excellent handle. And anyways, check it out.
22:45
You guys, really have to understand Bitcoin culture for
22:47
this one. So this one is a tricky one,
22:49
right? But this I'll give you a hint
22:51
this relates to the price. So he's sitting on a chair and
22:56
he takes away the chair that he stands up and he keeps looking
23:01
at the price. That's the only hand I'm going
23:03
to get you if you know, you know.
23:04
Next one. Alright, bye.
23:06
Greg zag. Do you believe in human rights?
23:08
Know you're hired. Third Federal Reserve.
23:10
Awesome. Awesome.
23:11
By Greg zag. Next one.
23:13
Fuck you. Dennis when you get paid during
23:16
a dip 258? K, a part of him lives within
23:18
me, doesn't he? Just look at him guys.
23:22
He's responsible. He is responsible, okay?
23:25
Next one? All right, you guys know the
23:27
drill. Sometimes we show pictures
23:29
instead of memes, but they still convey a powerful message.
23:33
And this is my legacy kit kit funny.
23:37
This is the level of Satoshi evidence that the Craig Wright
23:39
provides to the court. Also, we will cover that very
23:42
soon but we're waiting for a guest anyways.
23:45
What were you saying fell? So wait a second, all we have to
23:48
do is sign the white paper ourselves and we are Satoshi.
23:53
No, no but check out what the with lady had to say, had dinner
23:57
with Craig Wright, a case Toshi last night at a beautiful
24:00
Waterfront Craig. Wright AK.
24:03
He wants to, he wants to let you know.
24:05
He is Satoshi Nakamoto. Says it right there, but he
24:09
wants to let you know about you, but I don't understand this.
24:12
He did this, he just carry this around with him.
24:15
No, no. The lady brought.
24:16
Him a I'm assuming a printout of that's weird.
24:20
But anyways, okay yeah this all yeah this all sounds very
24:23
staged, very suspicious suspicious suspicious typical
24:26
Craig rights. Maneuver e right there.
24:28
That's not even a word and we got the last one by the
24:31
legendary yellow who you know he already made his appearance.
24:36
Maybe he'll make a surprise appearance know, anyways, and
24:41
it's samsom now playing the drums and that is because today
24:45
I set up a Blog Extreme satellite base station at the
24:49
Leggio. SV, Berlin, geothermal plant,
24:53
where the volcano Bitcoin mine is located in El Salvador.
24:56
I added that part. The facility is now connected to
24:59
our satellite Network and receiving Bitcoin blocks from
25:02
geosynchronous orbit Oh, is that, is that, is that the whole
25:08
internet going down narrative disappearing?
25:11
I just want to point out that Nico right closer and closer,
25:14
not read this word. You did read that word.
25:16
You did very well synchronous orbit, boom.
25:20
What the f is going on? Okay, anyways, yeah, dude.
25:25
So good luck. Shutting down.
25:27
Big guy. There are they going to shoot
25:28
down the Bitcoin satellites now? Apparently, I don't know.
25:33
Phil, why don't you go first on the score?
25:35
Oh, man. Okay, you know what?
25:37
I'm going to give a score that's going to be one of those kind of
25:39
like Insider scores going to be one of those if, you know, you
25:42
know, kind of things. Okay?
25:44
And I am giving it this this hacker quarterly addition 2600.
25:52
That's what it's called. The 2600 hacker quarterly if you
25:56
know, you know, very cool. Very cool.
25:59
So I'm I'm jealous of Phil's Mike.
26:03
So, what I did was I got a teacher.
26:05
Chain of Reckless keychain. Whoo.
26:09
So now I have his mic in my hands.
26:13
What about you chase, s? That's not right.
26:17
That's not right at all. Go ahead.
26:24
He's laying on his head. I don't have a mic in my hand.
26:29
Unfortunately, I wasn't that prepared, sadly, but I'm going
26:34
to rate it a oh, man, I just messed up my mask thing.
26:37
So please edit that out. If you don't mind, we'll do.
26:41
I am going to go ahead and irate but mediums a TARDIS.
26:48
This is epic, is that the light up one?
26:50
And it's not a light up on this is just a basic one, but isn't
26:54
that the better keep on my desk? Isn't that the police Hut from
26:57
that to? Yes, show that British.
26:58
Yes. Doctor Who right?
27:00
Dude, this is a, it's epic. The Tardis.
27:02
I mean, don't get me wrong. We all like pops's have cars,
27:06
really? What we need is that okay?
27:09
Every single time you step into step out of that thing.
27:11
It's a new adventure. Fantastic.
27:14
You kidding me? Yeah.
27:15
It's true. Alright.
27:16
So kind of Doctor Who has you can't Well, so the inside joke
27:20
about the mic is because Phil was jealous about the mic.
27:23
So I'm still jealous about the mic.
27:25
You know, he still hasn't sent me anything.
27:27
I flipped it around, you know, I gas-lit him.
27:30
Right. I still want that medic.
27:32
I've been learning from the corporate media, they've been
27:35
teaching me so much about gaslighting.
27:37
So Isis, investing it here Neko. No, you're not.
27:40
It's the second best thing. No, because someone like
27:43
trousers into lightning, which one do you think is going to
27:46
like more the orange pill? Or the lightning bolt.
27:49
Hmm be honest. If you fair I actually really
27:53
like the orange one. Like it's it looks really cool.
27:57
The crypto cloaks did it right? So I would love if they made one
28:04
for the wave microphone but it's a little niche.
28:08
So you know what? Make all of them I'm going to
28:12
censor that part out of the video because it doesn't fit the
28:14
narrative and that's what the media does, right?
28:17
And we definitely want to do. What they do but anyways Phil
28:19
it's time for the Daily News. Brought to you by crypto.
28:23
Cloaks.com get yourself the best 3D printed Bitcoin merch.
28:28
Like this I'll Salvador colored Bitcoin, Freedom, grenade art
28:32
and the Bitcoin. Honey.
28:33
Badger has a little space for a cold card.
28:35
Visit crypto cloaks.com today, okay.
28:38
So This is another simply Bitcoin.
28:42
We Told You So moment when we told you specifically write that
28:47
when they said they were going to taper off and raise the rates
28:51
they physically couldn't and the reason why is due to use Max
28:56
Keiser Zone words you can't taper off a Ponzi right?
29:00
So this is unofficial. I just wanted I don't even know
29:04
what the comments look like, you know, press and page.
29:10
You know, congrats moron. That's face.
29:18
She's got face is priceless right there.
29:20
She's actually a convicted felon.
29:22
Okay. But anyways, let's see what the
29:23
convicted felon, which is the also the head of the European
29:27
Central Bank. She's a convicted felon and she
29:30
didn't serve any jail time. Why is that rules for thee?
29:34
But not for me, right? The elites don't play by the
29:37
same rules that us peasants do. But anyways, let's see Bitcoin
29:40
fixes that. Anyways, let's see what she has
29:42
to say. If we were to take any
29:45
tightening measures now. Now it could cause far more harm
29:50
than it would do any good in the face of Spike inflation to even
29:56
hint to tightening in the in the short term with actually hurt
30:01
the economy, and would begin to have effect at a time when
30:05
inflation begins to. So complete contradiction, okay?
30:10
Because she just said, right that she just said, right that
30:14
if they taper off it, Increase inflation.
30:18
But isn't that the exact opposite that it's supposed to
30:21
do but at the same time should taper off its going to shut down
30:24
the economy Neko? No, no, wait, wait, wait, she
30:27
called this by the way she just said that that if they do this.
30:31
Now as bit as inflation is coming down and we just reported
30:37
that number of record inflation. So I don't I mean this confusion
30:43
is completely on purpose. Hmm.
30:46
I agree. No baby.
30:48
I think you're spot on and I think that you know again if you
30:52
were listening to mainstream media but we are not mainstream
30:56
media anymore, right? Their corporate media, if you're
30:59
listening to corporate media, right?
31:02
You wouldn't know this, right? But we've been to idiots on
31:05
YouTube, have been calling this out since January.
31:09
Why? Because the record amount of
31:12
money Printing and what does that do?
31:14
Doesn't take a rocket scientist to add Add two plus two.
31:17
Even though they want you to think that money is like
31:20
requires a PhD, I would actually even go to say that if you have
31:24
a PhD you can't understand Bitcoin.
31:27
That's the matter that I've started to notice.
31:31
But anyways, chats are we talking shit?
31:35
Well, of course, but I think that's a good thing.
31:39
So in this case, I think it's really absurd because it's the
31:42
exact same rhetoric would be with me hearing for literal
31:44
decades. So, like, if at some point
31:48
they're like, you know, we have to push the can down or
31:51
kick-the-can rather down the road by a decade.
31:54
Fine. Okay.
31:55
Maybe that would have made sense like in the 80s maybe but like,
32:01
where we have printed so much money.
32:03
The United States is in Such ridiculous amounts of debt.
32:07
Like it's I think they're basically saying we have to Kick
32:11
the. Can we have no other choice if
32:13
we if we don't kick the, can we're screwed.
32:15
If we do kick-the-can, we're screwed.
32:17
We're just screwed, guys. I think that's the, that's the
32:20
other thing that they're trying to communicate.
32:22
I would even say that there is no more road to kick the
32:25
countdown, you know? Like they've ran out of room and
32:28
their tribes. They're still try to kick it and
32:31
the kids bouncing off the wall and coming back.
32:33
They're like, let's kick it again.
32:35
Um, but yeah, man, it's complete and utter clown, worlds.
32:38
And I think that there's an observation.
32:41
I might be wrong here. But in the downfall of the Roman
32:45
Empire, the same thing started to happen which was the moral
32:50
decay of society was very closely correlated to the decay
32:56
of the money right in the beginning of there was a Roman
32:59
Republic, right? The Daenerys which is the
33:01
currency of the time, I'll pop up the actual numbers, but it
33:05
Had a certain amount of silver, right?
33:07
I'm I don't know if these numbers are accurate, but it had
33:09
a higher proportion, number of silver, let's say 95 or 85% of
33:13
the coin was made out of silver towards the end of the Roman
33:16
Empire, right? It had like, .00 00 something,
33:20
right? So they did the same thing, they
33:23
debase the money, right? And then Society decayed with
33:27
that now, is that like, is that like a cause, is that a thing?
33:32
Could that be just a coincidence?
33:34
Who knows. Right.
33:36
But again, you know, just something an observation, but
33:40
anyways, check this out. There's kind of a takeover,
33:44
right? And again, we've said, like in
33:47
the next 10 years, right? The wealthiest people in the
33:50
world are going to come from the Bitcoin industry.
33:53
And unfortunately the shit coin industry, right?
33:56
These. This is the future, right?
33:58
This is where everything's going.
33:59
They're already taken over NBA arena is right and I Refuse to
34:05
report this. But then there was three, there
34:08
was three Arenas, this has a happy ending, okay?
34:10
There's two shit coin ones and there's one Bitcoin one.
34:13
So the first one is the Staple Center which was the arena for
34:17
the Lakers. Became the Staples Staples
34:20
Center, crypto.com, ugly-ass name and they bought the naming
34:25
rights for 700 million dollars. Now, was it only the Staple
34:29
Center? And I apologize because this is
34:31
for Miami. Okay, Miami Heat bet on shit
34:34
coins. With 135 million naming rights
34:38
deal, and they gave it to FTX. So now, instead of the American
34:42
Airlines Arena, it will is renamed to the FTX Arena.
34:47
Right. But now check this out
34:49
apparently I'm not a Miami Heat fan anymore.
34:51
I'm a Houston Rockets fan Houston Rockets today announced
34:55
a partnership with NY dig, a leading Bitcoin company as the
34:59
official Bitcoin service Service Partners Bitcoin platform of the
35:03
Houston Rockets and why Big will be the franchise exclusive
35:07
partner across the range of shit coin services but NY dig is a
35:11
Bitcoin company. I'd love how they put
35:13
cryptocurrency. Okay.
35:15
Anyways the sponsor will be paid in Bitcoin and the proceeds will
35:19
be held on Nya. That's weird.
35:23
We pay you in Bitcoin but we're also, we're not actually giving
35:26
it to you, it stays with us, anyways, really smart from NY
35:29
dig from basketball. I'm not going to read that.
35:33
But you guys get the point, um, clearly There's an association
35:36
with dude you know, Bitcoin and shit.
35:39
Coins are starting to seep into society, right?
35:43
The I forgot the staple center, right?
35:45
It was the Staples that was like the giant mega chain.
35:48
I think they settled like sold office supplies, right took it
35:52
out and shit. Coin Company took over Miami,
35:54
unfortunately sucks. You know, it wasn't my American
35:59
Airlines Arena, right? And if you saw it from above
36:02
because write it, you the planes when they're Landing in.
36:05
Miami, you pass right over that and there is a giant emblem of a
36:09
plane on top of the American Airlines Arena.
36:11
Is it going to have a giant turd on top now to represent it to
36:14
shit coin? I have no idea but again,
36:17
apparently, you know, let's go Texas, Houston Rockets right are
36:21
associating themselves with a Bitcoin company.
36:25
But it's funny because they got paid, but they never received
36:28
the Bitcoin. So it's like we owe you this
36:31
Bitcoin but it's not going anywhere it stays with us.
36:33
Anyway, that's funny. Anyways.
36:36
Well, what are your thoughts? And then we'll get you guys,
36:37
okay? So everybody needs to see the
36:41
movie by the South Park creators baseketball.
36:43
Okay? Because at the beginning, they
36:45
talk about exactly this, with all the teams.
36:47
In this case, it's teams changing cities, and stuff like
36:51
that. And essentially all these
36:52
sponsorships coming through and eventually you end up seeing
36:55
Preparation H stadium and stuff like that.
36:57
So I mean this is just par for the course right?
37:00
But I do agree with you. I think that it would be, which
37:04
I Don't expect them to be accurate, but I do think that
37:08
they should be putting pick like, you know, logos of their
37:11
shit coin, but surrounded by logos of shit.
37:14
So that way it's very clear that this is a shit coin sponsored
37:18
Arena, you know, like people should know, right?
37:20
But I know that they're not going to be honest.
37:22
Instead they're going to make it sound like it's something
37:24
wonderful, I absolutely agree with you, but I do agree about
37:27
the whole everything seeping into society, which is which is
37:30
fantastic, right? That's this.
37:32
That's the signal, the read, the rest of that signal is fucking
37:35
Sighs. Okay.
37:35
Like who the fuck cares, right? But the signal is right?
37:39
How far you have to understand? Bitcoin is only, what 12 13
37:43
years old. And the fact that it's gone into
37:45
this stage is absolutely incredible.
37:48
That's what I want you guys to put in, like, pay attention to
37:50
because that's the actual important part.
37:52
Who the fuck cares? What Arenas are named right?
37:54
Anyways, jobs, what are your thoughts?
37:57
So, two things here. First thing I would like to
38:00
point out the history of crypto.com in case people aren't
38:04
aware. And 2017.
38:06
It was actually a nice you that launched called minako and they
38:11
had a debit card scam. I'm going to call it a scam and
38:17
they still do by the way. Right?
38:19
Was like damn. Yeah.
38:20
And it's still a scam. Yeah but they've managed to.
38:23
I have to I have to give it to them, they've managed to make
38:26
their marketing a lot better. And you know, they bought that
38:30
one dude website. That guy that had the crypto.com
38:33
website for a stupid. Amount of money and, you know,
38:37
did all this. And so I think the one thing I
38:39
would point out besides that, is be a change from like 20 17,
38:44
2015. Type actions where I remember
38:47
people were paying for ads for the Super Bowl, or maybe like
38:52
sponsoring one, like, like the Orange Bowl or something, I
38:55
think I remember. And now entire stadiums are
38:59
being named after things. And so it seems like we're kind
39:02
of on this incremental increase. Or not even incremental but like
39:06
exponential increase of to it. They have this much money, this
39:09
much money and now up now they just bought a you know there's a
39:13
lot Tesla that's probably stupid.
39:15
But you know, they just did something really, really
39:18
over-the-top with all their stupid money.
39:20
Yeah, it's great shit, coin shit, coin Behavior, Fiat
39:24
behavior and shit. Coin.
39:25
Behaviors is a very similar. Have you noticed that Bitcoin
39:29
behavior is just completely alien from that shit, right?
39:33
It's like you want to save Want to consider shit coin Behavior.
39:37
It's very similar to Fiat degeneracy, right?
39:41
Just saying right again, might be a coincidence, but who knows?
39:45
But anyways, I do. And the new segment, it's a
39:47
little dark, but we have to cover.
39:48
It is a big deal. I'm going to start off with this
39:51
tweet, by the, legendary Stacy, Herbert our friends.
39:57
He's an American, just landed in America in Miami from overseas,
40:01
and the Border agent asked if he was carrying any bit.
40:05
Coin. I suspect this is going to ramp
40:07
up. Now, the problem the state has
40:11
is, how do you, how do you take 12 words or 24 words out of
40:16
someone's mind? Right?
40:18
That how do you do that, right? And then again, right, you know,
40:23
bitcoiners just saying, do you carry the number three, right?
40:26
Because it's really showing that come and take it, right?
40:30
That's that that is a very this is very powerful this image,
40:34
right? Because that is the that is the
40:35
strength of Bitcoin. I'll put it to you this way.
40:38
What can you take to the Grave? You can take some Bitcoins to
40:43
the Grave. You can cause literally be like
40:48
you're the only one that memorizes that seed, you know,
40:51
you know, unfortunately, you know you're gonna die, you throw
40:53
that seeped into the ocean. Whoop.
40:55
It's gone. You just made everyone else a
40:57
little bit richer, right? So anyways that's the strength
41:00
of Bitcoin. But moving on I'm going to tie
41:02
this in with what's going on. It's not that big of a deal.
41:06
Now when it's Bitcoins sitting on a trillion dollar market cap
41:11
But this is going to be all-out Warfare.
41:14
When Bitcoin hits a five ten trillion dollar market cap
41:18
because it will actually start to become a threat to the way
41:23
that nation-states are used to operating, right?
41:26
There used to operating with the power of the money.
41:29
Printer, Bitcoin is a direct attack on that.
41:32
It's a threat to that and you could you could kind of guess
41:38
what they'll do. But this is just the beginning.
41:40
All right. But anyways check out how this
41:43
article is worded, right? And I kind of want you to
41:48
connect this with what Stacy was saying, right?
41:51
You know. Oh, a border agent was asking,
41:54
you know, if he was carrying any Bitcoin, you see how they're
41:57
treating this, right? There's cognitive dissidence
42:01
here, right? And look.
42:03
So IRS sees crypto seizures worth, billions of dollars.
42:07
Next, two years, right? So, they're already telling you
42:11
that they're going to be able to see these crypto next year.
42:15
My question is how How right? But look at how its worded the
42:21
Internal Revenue Service could could seize cryptocurrency
42:25
valued at billions of dollars. That's linked to tax fraud and
42:29
other criminal and other crimes in the coming year.
42:32
According to the agency's head of criminal investigation, the
42:35
IRS sees 3.5 billion dollars worth of cryptocurrencies,
42:39
during the fiscal year of 2021. They want to let you know, That
42:45
even with self custody even with securing your seed, they can
42:48
still get to it. A figure that accounted for 93%
42:52
of all the assets seized by tax enforcement that year, according
42:56
to an IRS criminal investigation, annual report.
42:59
I and this is to quote from Iris criminal Chief, Jim Lee.
43:04
I expect a trend of crypto seizures to continue as we move
43:07
forward into fiscal year in the past, the IRS criminal units,
43:11
he's billions of dollars worth of bitcoin and other.
43:14
Virtual currencies connected to cases involving a range of
43:17
criminal activities such as wire fraud money laundering, the
43:21
distribution of illegal narcotics and tax fraud.
43:23
That included 1 billion dollars of stolen.
43:26
From the Silk Road and online, Bitcoin exchange.
43:28
That was shut down in 2013 right now.
43:31
Here's the signal and I'm going to connect this with with an
43:34
article in a second Congress recently.
43:36
Granted the IRS more ability to surveil crypto currency
43:40
transactions in the infrastructure, package
43:42
President, Joe Biden signed into law.
43:44
You on Monday, that law will require crypto Brokers to track
43:48
and Report transactions to the IRS in an effort to give tax
43:51
authorities more viability into virtual currency trading.
43:55
Now, here's the thing, right? When we've been covering this
44:01
tremendously write what they want to pass is every time you
44:05
send regardless it doesn't have to be to an exchange.
44:09
If I wanted to send a 10,000 dollar transaction over 10,000
44:13
dollar transaction to fill in Bitcoin, right?
44:16
I would have to report his name, his social security number his
44:20
address and the reason as to why that transaction occurred,
44:24
right? And the way that that article,
44:27
you have to understand this comes from corporate media.
44:30
Trying to frame it. So it's like we the state still
44:34
have total control here. We could still crack this down,
44:39
they are not mentioning. It wasn't mentioned anywhere in
44:42
that article how they intend to do.
44:44
So how do you pry 12 words out of someone's mind, if you
44:49
geographically separate your seeds, let's say, leave them in
44:53
different countries, right? Literally, geographically,
44:57
separate them, buried them in the middle.
44:59
Forest. How does the US government able
45:03
to seize that? They don't want you to know that
45:05
though? Why?
45:07
Because it completely changes the power dynamics of
45:11
everything, right? So this is a giant paradigm
45:15
shift and what we've been cut we've been telling you is take
45:19
your Bitcoin off exchanges, and take it into self, custody, and
45:24
more importantly, secure it properly.
45:27
Preferably learn how to use multi Big.
45:30
This is going to get nasty especially if you live in a
45:34
country that benefits from the Legacy Financial system,
45:38
specifically the United States Europe and China.
45:42
You already know which route China went down, right?
45:45
So anyways, Phil what are your thoughts?
45:48
Yeah, that's definitely. I mean, look, if I was to shit
45:50
coiner, I would definitely be worried, right?
45:53
But to your point about the transactions, it doesn't make a
45:56
difference, whether you're a, should coiner, you know, or a
45:58
Bitcoin or if you're using the Fiat leg.
45:59
Jassi system and you're making transactions that are over six
46:03
hundred dollars. Every single one of these things
46:05
is going to get flagged or at you know not necessarily all
46:08
look that but they're definitely all going to get flagged which
46:10
is creepy as hell. I mean look you know we're just
46:14
moving more and more into that. You know, that sad dystopian
46:18
future and what's really scary, right?
46:21
Is that these are like, these are fellow humans that are
46:23
essentially voting to imprison, all their future generations and
46:26
themselves. Like it's the strangest thing
46:29
I've ever. Scene where where the incentive
46:32
the incentive to, you know, Kick the Can down the road is so high
46:36
that you're willing to you know, that you're willing to create
46:39
monetary slavery. All around the world.
46:42
Absolutely. It's pathetic and scary it is.
46:45
And look, this doesn't mean that like like it's not gonna happen
46:49
for sure. We're not, we're not, you know,
46:52
we're not supporting any of those activities, you know,
46:55
illegal activities or whatever but just about that, but think
46:58
about the concepts. Right?
47:00
These people want to know the state wants to know every single
47:05
transaction that you do between other human beings.
47:10
What is that? But not control, right?
47:13
What is that? But not control.
47:15
And again, what is the Fourth Amendment?
47:17
Most of the fourth or fifth amendment?
47:18
That might be, I'll pop it up, which one it is.
47:20
But it's unreasonable searches and seizures, do you think this
47:24
is unreasonable? Every single ten thousand dollar
47:27
transaction. I have to give us social
47:29
security number of Person. I'm sending it to you and here's
47:31
the thing, is this enforceable on a wide scale?
47:34
No. But what they'll do is that
47:36
they'll pick couple people do make examples out of them just
47:40
like they did with Ross. Thinking if we give this guy a
47:44
double life term, this internet Market Market thing will never
47:48
happen again. You know what happened?
47:50
Five other Silk Roads popped out.
47:52
And Ross is still in jail. So this idea that you could just
47:57
punish people look at the drug war, right?
47:59
This is like, let's put all these people more, did it?
48:01
Stop drugs? No right.
48:04
So again, it's psychotic, it's psychotic and it's anti-human
48:09
and it must be defeated AML and kyc laws.
48:13
We've discussed this over and over again, it doesn't stop
48:16
crying. We've gone over, we showed you
48:18
the receipts, in fact, we're going to have the guy that wrote
48:21
the paper on the show. I think next week, it's so
48:24
inefficient. And only stops point one percent
48:26
of the crime. So it's like like What are they
48:30
for a day for actually controlling the population?
48:33
Our Theory. We can't know this.
48:35
For sure is yes, Chazz. What are your thoughts?
48:39
My thought is I think I'm going to need to fill out a CTR on
48:43
both of you because I think both of you have transacted over
48:46
10,000 dollars and we need to file this with a federal
48:49
government immediately to make sure that we're pure pure people
48:54
right now. I don't know, man, I it does
48:58
make me really nervous to be honest.
49:01
That I my ability to resist that, you know, I can put the
49:05
that the seed and have like a multisig that's fine, but But I
49:09
guess I'm worried about the five dollar wrench attack that, you
49:12
know, the government's can say like okay you're not going to
49:15
just give us the seed. Let's just go into the back room
49:17
really fast. We'll see if we can change your
49:19
mind, kind of thing will lock you in a box.
49:21
Exactly. Yeah.
49:22
So they do, you know, the state does have a monopoly on
49:26
violence, right? And I think that this is, you
49:29
know, if you kind of want to Glimpse, I really recommend
49:32
reading the book, The sovereign individual, right?
49:35
And he really lays this out how this is gonna play out.
49:38
Because the chaos is caused right now between the transition
49:43
from the Industrial Age to the information age, right before
49:47
governments, the state had a monopoly on information?
49:51
Have you noticed the censorship? Have you noticed that the
49:54
corporate media is just trying to sell you a narrative, but for
49:58
the first time, we are able to directly communicate with each
50:02
other on social media. So we're able to see things and
50:06
Talk Amongst each other and now the eight keepers of information
50:10
are freaking out there panicking, right?
50:13
So they're they're they're reflex move is let sensor more,
50:17
right? And now here's the thing, if add
50:20
more chaos into the mix, they're also losing their Monopoly on
50:24
the creation of money as well. So, it's two things happening at
50:28
the same time and it's creating a fuck ton of chaos and the
50:32
sovereign individual predicted this shit in the fucking 90.
50:36
So you should definitely read that book but Is I'm gonna end
50:39
it on a happy note because it looks like there is some good
50:43
people left in the swamp, check out this, tweet by Gary Brito,
50:49
which was text it to me by Nick. Can't mine shut out to you.
50:53
So check it out. Good morning, some good news, a
50:56
comprehensive bipartisan. I think that's the key word
50:59
right there. A comprehensive bipartisan bill
51:03
has just been introduced in the house to fix everything wrong
51:06
with the infrastructures bill Do tax revision including the
51:11
unconstitutional. S60 50i individual reporting
51:17
mandate. This is the Mandate of the
51:19
10,000 dollar rule that I was just talking about.
51:22
So he's saying it right there, unconstitutional.
51:25
Why is it unconstitutional? It's against the Fourth
51:26
Amendment. But if you look at corporate
51:28
media right there, feeding it, they're already trying to
51:32
prepare you. This is happening.
51:34
Anyways, haha, let me put on the glove.
51:37
Okay, many ways. Moving on Nick, or Bitcoin
51:42
magazine. I stand corrected, I'm sorry,
51:44
you know, kind of covers it in this excellent article.
51:46
Right? Says Representative Patrick
51:49
McHenry and Tim Ryan have today, introduce the keep innovation in
51:54
America Act, a bipartisan Bill seeking to fix the digital asset
51:58
reporting requirements in the infrastructure, bill turned into
52:01
law. This week to quote him, we have
52:04
fig we have to figure out how to balance consumer protections and
52:08
Honorable oversight while simultaneously providing these
52:11
Technologies and companies with the necessary space they need to
52:14
grow and innovate and democratize the financial sector
52:18
represented Ryan and said in a statement I'm committed to
52:21
finding that balance and I believe that McHenry Ryan
52:24
legislation is the best path to get us there in September a tax
52:28
change introduced in introduced in the infrastructure, bill
52:32
would require us persons receiving over 10,000 dollars in
52:35
Bitcoin and shit coins to report the sender's personal
52:38
information. IRS, extending the provisions of
52:41
section 60 50. I that currently only applied to
52:45
cash transactions, the new bill aims to remove these reporting
52:48
requirements entirely, right? So again, you guys know the
52:52
drill, we are single-issue voters on the show.
52:55
We don't give a fuck, whether you're Republican or Democrat,
52:58
we care. Do you support Bitcoin or do not
53:01
support Bitcoin? If you don't support Bitcoin, we
53:03
don't like you very much and we will call you out for it.
53:06
So again, it's what I was. I was saying before you're
53:10
seeing a clash, right? You're seeing the state trying
53:13
to maintain control, right? But at the same time, it's like
53:18
if what if you pass these totalitarian laws, guess we're
53:22
all the Bitcoin is going to go house Avatar, right?
53:26
So again like, you know, it's the Ukraine, right?
53:29
Like the places that least benefit from the Legacy
53:31
Financial system, they're seeing this in the western democracies
53:34
that have always benefited from the money printer.
53:36
They're going to say bitcoiners come here, bro.
53:38
Portugal no capital gains tax for Bitcoin.
53:41
You know, it's like they're the better flag, Theory starts to
53:44
play out and remember and the Legacy Financial system, the
53:48
Fiat system, try to transfer cash between Banks and different
53:51
countries, right? Try to do that with Bitcoin.
53:55
It's like okay let's get up and leave let's take but they'll
53:57
check us a customs. It's like okay, let's take some
54:00
time and memorize the seed face and take everything with us.
54:03
You know. Literally take all your wealth
54:05
with you. That is the power of Bitcoin,
54:07
right? That is the clash and what
54:09
you're seeing is the state trying to cope with that and
54:13
they're having cognitive dissonance, they can't even if
54:16
they don't understand it, they thought that they built this
54:19
moat that was so secure. They were so confident in the
54:23
Legacy Financial system that it's coming to pass and if we
54:27
have front-row seats for it, it's amazing.
54:30
Phil. Oh man, you just got me thinking
54:33
as you were explaining that I'm like you know what?
54:35
Somebody could just sit there and like use a book, right?
54:38
And You know, underline the words like randomly in a book
54:41
like, how would, you know, you know, like it's just, it's
54:44
completely insane. Could you imagine, can you
54:46
imagine stick? Why is this word under life?
54:48
Tell me right now. Is this a seed where it's just a
54:51
fancy word? It's like, and I'm like, what
54:54
are you supposed to? Like, how are they going to
54:56
know? This is totally knots, right?
54:58
And you can see right. It's just what you said, they're
55:01
lashing out. They've got nothing left.
55:03
Okay, the two things that brought them.
55:05
The most power is quickly slipping out from under them.
55:08
Because Cause let's be honest, they were abusing it and making
55:12
all of our Lives much worse as a result and interestingly enough
55:15
the, you know, certain, you know, certain people in the
55:18
government are still continuing to do this for whatever reason.
55:21
So I just, you know what, I was really glad that you finished on
55:26
that tweet because that previous one man was brutal.
55:30
Yeah, that was definitely brutal.
55:32
I'm trying to paint the the overarching macro picture here
55:38
because I think A lot of people get lost in the noise on the
55:41
day-to-day bullshit, but because we're in this privileged
55:44
position where we have to do a good show for you guys, we have
55:47
to cover this every fucking day. You start to build a pretty good
55:51
picture of what the fuck's going on in your head, right?
55:54
And then you obviously you supplement that with excellent
55:57
reading material, right? You know, the Bitcoin standard
56:00
the sovereign individual and you kind of get an idea of what the
56:03
fuck's going on here. This is, we are witnessing the
56:07
death of the The traditional nation-state and the separation
56:12
of money from State. And it's not going to be pretty.
56:16
These people are not going to give over the keys right there,
56:20
just not going to do it. So again, the best way to do it
56:23
is just store your seed properly.
56:26
You know, fight and legal Avenues, right?
56:29
Make a ruckus on Twitter stay active, right?
56:32
You know, you saw that tweet from Christine Lagarde, she's
56:35
trying to tell you like all official and then you scroll
56:37
down all the bitcoiners like, Convicted criminal, you know, so
56:40
it's like that's how we fight back, you know, not with
56:42
violence. But with words, with calling out
56:45
the truth, staying principled. Staying on top of this.
56:48
Sting as seats, showing the receipts showing the proof,
56:52
right? That's how we fight back.
56:54
It's gonna be brutal but Bitcoin wins.
56:57
Anyways, Chas, what are your closing thoughts?
57:00
So I think in the 90s as I'm sure both of you are aware,
57:05
there was the crypto War where the US Government tried.
57:09
Very hard to kind of you know clampdown by making pgp illegal
57:15
or whatever. And Adam back you know made that
57:17
shirt and said go fuck yourself. I think that cat and mouse game
57:22
is going to continue to some extent.
57:24
Like I'm not going to try to predict too far out here but I
57:28
think you know before The destruction of the nation state.
57:31
As we know it, we're going to continue to have like they're
57:35
going to continue to bring out their guns.
57:38
We're going to come back with something else.
57:40
So maybe it's something like the lightning Network.
57:42
Maybe something like Channel factories, you know, whatever
57:45
other Bitcoin science fiction, you want to pull out of your
57:48
house there, but I think we're going to, you know, continue
57:53
down this line and the government can't win, like they
57:57
didn't win in the 90s, they didn't win before.
58:00
It's at best, it's a stalemate and I think at some point the
58:05
stalemate will fail and they'll lose.
58:08
But that's my opinion. Yeah and it's funny because when
58:11
I'm back came on the show he mentioned that example
58:14
specifically as well right which is the crypto wars in the 90s
58:17
and it's absolutely fascinating and look when we say the death
58:20
of the nation-state we don't mean the destruction of America.
58:24
What we mean is the separation of the creation of money from
58:29
politicians. Ins.
58:30
So the the the traditional like let's go invade a country.
58:35
Let me press the money printer. Try doing that on a Bitcoin
58:39
standard where everyone holds their own money that's going to
58:43
be incredibly difficult, right? Because each individual has
58:47
tremendous amount of individual power over the collective state,
58:52
right? So, that's what we mean by the
58:54
death of the nation-state, the United States of America.
58:57
It's literally designed for this, right?
59:00
The founding fathers understood the evil right of absolute power
59:05
corrupts. Absolutely.
59:06
And they tried their best to decentralize the government as
59:10
much as possible, but like we said, right, you know, it starts
59:14
to Decay over time, right? So now you're seeing even more
59:18
centralization, even more centralization, but I'm bullish
59:21
as well because each individual state has so much sovereignty,
59:25
over the federal government, right?
59:27
So you see Texas, right? They're flexing their muscles,
59:30
Muscles because they're trying to protect the Bitcoin mining
59:32
industry. They're not going to let that go
59:34
to the federal government. That's a huge portion of the
59:36
economy, Florida, the same Wyoming, the same.
59:40
So the federal government could say Bitcoin this and what we
59:44
predict is going to happen is you're going to see something
59:47
very similar to what happened with the marijuana industry,
59:50
right? Federal government took a strong
59:52
posture and it was the individual states.
59:55
That said, nah marijuana is legal here in California.
59:58
Marijuana legalized here in Colorado, So we suspect, it's
1:00:01
gonna be, it's gonna happen take the same path, but this one's
1:00:05
going to be much uglier because it has to do with money and
1:00:08
that's where their power comes from.
1:00:10
And they definitely don't want to give that up.
1:00:11
But anyways, Phil there was a open source software released
1:00:14
today, wanting to everybody about it software releases,
1:00:18
brought to you by Cipher safe, get yourself a Cipher wheel,
1:00:23
protect your Bitcoin from disaster, specifically protect
1:00:27
your seed from disaster, fire proof waterproof.
1:00:30
Pet proof tamper-evident. All the good stuff that we love.
1:00:33
All right, check it out down below.
1:00:36
All right, we've got, um, Braille version 0.4. 0.7 that
1:00:39
was released. Check it out down below in the
1:00:41
show notes. Awesome.
1:00:43
Thank you, Phil. All right, guys, that was our
1:00:45
show before we go, subscribe to us on Rumble and all the podcast
1:00:50
platforms because the things that were saying, my pissed off
1:00:54
the wrong people, if you know what I mean.
1:00:56
And of course, definitely check out our awesome guest.
1:00:59
And I want Say something about our guests because he said
1:01:01
something really interesting in the beginning because he came on
1:01:04
and said, hey, I don't follow you on Twitter and he's like you
1:01:07
don't want to follow me. You might not that you might not
1:01:09
like the things that I have to say and I'm like that's exactly
1:01:11
the type of person I want to follow.
1:01:13
So definitely give him a follow and you can give up all his
1:01:16
handle is at the Chaz on Tweeter and yeah, he's a lightning
1:01:22
junkie. You know, he has this thing and
1:01:24
he's a dope private plane, his nothing else.
1:01:26
He just has the private place. That's it.
1:01:27
He sold everything else and I heard he Told me before the show
1:01:31
that he's selling the chairs on the private plates of scurvy a
1:01:33
private plane empty and stuff. Anyways guys if you enjoyed the
1:01:36
show smashed and if you want to continue hearing the
1:01:39
katastrophe, it's really is from the pickling plea.
1:01:44
Pleb prospective and also the catastrophic fails from the
1:01:48
Bitcoin Fleet perspective. Then I consider subscribing and
1:01:51
we'll see you tomorrow guys for the weekend edition of the
1:01:53
Bitcoin Bitcoin, it's about time