Latest / Simply Bitcoin / Michael Saylor's Bitcoin Strategy Goes Mainstream | EP 1007

Transcript

Michael Saylor's Bitcoin Strategy Goes Mainstream | EP 1007 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom yo welcome to another episode of
• 0:24
  simply Bitcoin live. Remember what source of the
• 0:25
  peaceful Bitcoin revolution recovery rate can use culture
• 0:27
  matic warfare. We'll be your guide through the
• 0:29
  separation of money and state. I'm starting the show
• 0:31
  differently. I have Opti on air with me.
• 0:34
  Is it is it weird? I don't know keep.
• 0:36
  Going. Keep going.
• 0:37
  Is it weird? I I wanted, I'm not used to, I
• 0:40
  wanted, I wanted to throw a curveball.
• 0:42
  Well, anyways, guys, yeah, what's up, Bros?
• 0:45
  I mean, look, it's the Friday episode.
• 0:47
  Tons to talk about. I know that there's this
• 0:49
  legendary stream that's going on right now by the roaring Kitty
• 0:54
  taking down the financial establishment using a stock.
• 0:58
  That's not the way you do it, bro.
• 1:00
  You want to know how you do it? You do it by taking self
• 1:02
  custody. They're just gonna keep off
• 1:04
  turning. They're just gonna keep turning
• 1:06
  off the the, you know, they're just gonna keep on turning on
• 1:09
  the circuit Breakers. Yeah, not only that, I saw that,
• 1:11
  I don't know all the details to this, but I saw that the game
• 1:15
  stock, they diluted their stock to try to dilute Roaring Kitty's
• 1:18
  position. It's like bro, this is.
• 1:20
  They're gonna keep. Just why you Bitcoin?
• 1:22
  They're gonna keep dumping it, bro.
• 1:24
  That's what I'm saying. Like it's such a, but it's such
• 1:26
  a strong movement. Like it's such a, a powerful
• 1:29
  movement and it's his heart and that movement is in the right
• 1:34
  place. It's just a shame that the
• 1:37
  virality it's gone viral on, on a, on a, on an inferior tool
• 1:43
  like Bitcoin is the move. It might.
• 1:45
  Is it boring at this point? Like, is that what it is, bro?
• 1:48
  I think it might just be boring bro.
• 1:51
  I think it's just people still think it's nerd money.
• 1:53
  They don't get why we Bitcoin. They don't get literally.
• 1:56
  I've been saying for a minute that Bitcoin is the real
• 1:58
  GameStop movement, and yet I am. Surprised that all these.
• 2:02
  People still haven't found out about Bitcoin.
• 2:05
  They still think they can change the system from within the
• 2:07
  system. And it's like, no, the game is
• 2:10
  rigged against you. Like when are you going to wake
• 2:13
  up to that very simple fact that it's rigged against you?
• 2:16
  It is not meant for the little man to win.
• 2:19
  Yes, it is a defining moment and a defining movement.
• 2:23
  And it I think it's one of those movements and, and like a a
• 2:27
  moment in time that has to happen to show to everyone out
• 2:30
  there that it is actually rigged against you so that more people
• 2:33
  start to wake up to just like the pure illegitimacy of the
• 2:37
  system at large. And you know, like, I think, I
• 2:40
  hate to say it, but it feels like it might be a necessary
• 2:43
  sacrifice. Like it's got to be one of those
• 2:45
  battles that goes down. It's like one of those battles
• 2:47
  that you have to lose to win the war.
• 2:49
  I mean, he's still like, it's, he's still winning somehow, you
• 2:53
  know, he's still like, in their survival.
• 2:56
  Like dude, he. They shut it off money, they've
• 2:59
  shut it off. They've turned off the trading
• 3:01
  like they've done like basically everything possible in order to
• 3:06
  sabotage this guy's success and he just keeps going.
• 3:09
  He's got the love of the people. But again, I got to say like
• 3:13
  Simply Freedom channel, I love that.
• 3:15
  But like he's just using the wrong tool.
• 3:18
  He's just using the wrong tool completely.
• 3:20
  Anyways, guys, today we have a very special show for you guys.
• 3:23
  Of course, it's Friday, so we're going to do the meme review.
• 3:26
  But also, I have a really interesting topic for you guys
• 3:29
  and it's happening and I haven't seen a lot of people talk about
• 3:32
  it, but it is absolutely seismic.
• 3:36
  This is massive. OK, So do you remember that
• 3:38
  company that followed in the steps of of MicroStrategy?
• 3:42
  They're kind of like a zombie company.
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  It's a company called Similar Scientific.
• 3:48
  It's a medical device manufacturer.
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  And they acquired Bitcoin. Their stock pumped like 30% and
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  they just announced 6 hours ago that they're going to raise $150
• 4:00
  million to buy more Bitcoin. Now, it's interesting because
• 4:04
  we've seen this play out before with MicroStrategy.
• 4:08
  They've been using the infinite money glitch.
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  Like their stock goes up, they lend out, like they borrow
• 4:14
  against their stock, they raise more dollars, they use those
• 4:17
  dollars to buy Bitcoin, the stock goes up.
• 4:20
  Then they rinse and repeat. And it's like kind of like a
• 4:23
  speculative attack on the on the dollar because it's using the
• 4:26
  traditional financial system against the traditional
• 4:29
  financial system so that you can win.
• 4:32
  And it, and it just highlights like the insanity of like this
• 4:35
  debt based system that you can just literally just like borrow
• 4:39
  unlimited amounts of money, but you're borrowing unlimited
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  amounts of money for a scarce asset, for something that is
• 4:44
  absolutely scarce. So in a way it's an attack
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  because you're using the system in order to buy something that
• 4:51
  is absolutely scarce. And then you're taking basically
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  it's like it creates like this like infinite feedback loop of
• 4:57
  some sorts. And Jimmy Song wrote this
• 5:00
  amazing posts on Stacker news that covers this phenomenon.
• 5:05
  So I'm going to put that post together with the news of today.
• 5:09
  And I think I think you guys are really going to appreciate it
• 5:11
  because it's super interesting. Like Michael Sealer
• 5:14
  speculatively attacked the dollar for sure, even if he
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  didn't do it on purpose. And now it seems like other
• 5:19
  companies are following this footsteps, but they're not doing
• 5:22
  this out of like maliciousness or just like kind of like
• 5:26
  central planning type of thing. They're doing this just because
• 5:30
  of Bitcoin's incentives and they're taking advantage of the
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  debt based system. They're taking advantage of the
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  traditional system. So I find that interesting.
• 5:37
  Also for you guys today as well, there's a couple TikTok videos
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  and it's just, it's just kind of sad.
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  It's people like in the middle class, lower classes here in the
• 5:47
  US and and they're just like, dude, like what the fuck is
• 5:49
  going on? I can't afford anything.
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  And This is why this movement that we're currently living
• 5:56
  through is so important because crypto kitties, sorry, not
• 6:01
  crypto. What is it?
• 6:02
  Roaring kitties? I don't even know.
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  I'm not in the know in in these things, but roaring kitties is.
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  He's an escape valve of the frustration that people feel
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  towards the system. He's a representation.
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  He's a manifestation of FU to the man, like the Rage Against
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  the machine. That's what Roaring Kitties
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  represents. You have a whole generation of
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  millennials and zoomers and the younger, younger Gen.
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  XS, Gen. Xers that have been completely
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  disenfranchised and fucked over by the 2008, 2000 financial
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  2008, 2009 financial crisis. No one really paid the
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  consequences for that. One banker went to jail.
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  No notable bankers went to jail, right?
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  And they're putting us in a box. They're putting Bitcoin privacy
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  developers in a box. We as a society have not, that
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  circle has not been completed. Like we haven't tied that knot
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  yet. And that's why you have these,
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  these, these, these like the the rise of populism as well
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  politically all over the world. And you have the rise of people
• 7:10
  like Roaring Kitties that are just basically saying, like, you
• 7:12
  know what, you're going to try to destroy one of the shops that
• 7:16
  meant a lot in my childhood as I went to go buy video games.
• 7:20
  And as a gamer myself, like, yeah, GameStop.
• 7:22
  And I think there's another one that's called Game Boutique or
• 7:24
  something. Like you'd go there to get any
• 7:26
  video games. You don't have to do that
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  anymore because you can download online.
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  But it played a major role in some of these people's lives.
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  And then you were like all these hedge fund people that, you
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  know, they're just using the contilionary effect and the Fiat
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  system and they, they want to destroy something that meant a
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  lot like fuck you, I'm gonna say no, I'm gonna make you guys go
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  broke. But what was really interesting
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  is how much that shifted the Overton window and how much that
• 7:50
  exposed how corrupt the existing system is because it's
• 7:56
  capitalism. As long as it's going our way
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  and as soon as it's going against us, it's actually
• 8:03
  socialism. The government has the duty to
• 8:05
  bail out the big banks whenever they get into, you know, some
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  trouble. You hear these terms too big to
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  fail that that's not a thing. Like that doesn't exist.
• 8:17
  And what that perpetuates is these fucking zombie companies,
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  right? That doesn't, that doesn't
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  motivate or create an incentive structure where you have the
• 8:27
  pursuit of excellence by entrepreneurs.
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  That creates an incentive structure where it creates
• 8:32
  complacency. You have companies like Boeing,
• 8:35
  right? You know, these are companies
• 8:37
  that are getting like $100 billion government contracts to
• 8:40
  create planes and like, weapon systems and all that shit.
• 8:45
  Dude, they couldn't even get a rocket in the air.
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  Like it failed. Their planes are falling apart.
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  And essentially you're creating like corruption.
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  It's corruption, It's bureaucracy.
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  That's that's the incentive structure that that that Fiat
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  creates it like breathes in society.
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  So yeah, I mean, shut. Look, he might not be a bit
• 9:03
  coiner yet, but shout out to what the roaring Kitty movement
• 9:08
  is doing because at least it's waking people up.
• 9:11
  It's our job as Bitcoiners to really arm them with the correct
• 9:14
  tools in order to really stand up to the system and fight the
• 9:18
  establishment. And that's the only correct tool
• 9:21
  in this because of its decentralization, because no one
• 9:24
  could change the rules to benefit themselves is Bitcoin
• 9:28
  that's the only one that exists, and it's only Bitcoin that you
• 9:31
  take in self custody. That is the revolution.
• 9:34
  You buy Bitcoin, earn Bitcoin, mine Bitcoin, you put it into
• 9:36
  self custody. If enough of us do it, we win.
• 9:39
  That's it. It's as simple as that.
• 9:41
  They won't be able to debase your wealth and they won't be
• 9:44
  able to confiscate it from you. Especially on a mass scale.
• 9:47
  They won't be able to do it completely changes the balance
• 9:49
  of power. The elites are fucked.
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  They don't have special privileges like they do in the
• 9:54
  Fiat system. They don't have a government to
• 9:56
  call. They don't have someone to bail
• 9:58
  them out. That's what we're fighting for
• 10:00
  is bit corners, right? If you use the system,
• 10:04
  eventually the system is going to, you know, they're going to
• 10:06
  cut corners because they don't. It doesn't like getting screwed
• 10:09
  over. So anyways, guys, it's going to
• 10:11
  be a hell of a show. Really excited for it.
• 10:13
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• 10:15
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  off All right everybody, at the time of recording, the Bitcoin
• 13:48
  price is $70,980. Stats per dollar 1409 block
• 13:53
  height 846,911 blocks to having 203,089 having estimate March
• 14:00
  25th, 2028 Total like network capacity 4765 Bitcoin capacity
• 14:06
  value 338 million realized monetary inflation 1.61% market
• 14:11
  capitalization 1.4 trillion Bitcoin versus gold market cap
• 14:15
  8.62%. The grand scheme of things.
• 14:17
  We're just getting started. Anyways, I have two videos for
• 14:19
  you guys and I think it's a representation of people feeling
• 14:24
  the pain all over the country. And you know why?
• 14:28
  You know, GameStop and these alternatives are are becoming so
• 14:32
  popular. I think people inherently know
• 14:33
  something is wrong with the system.
• 14:35
  They can't afford anything. What is the role of government
• 14:39
  in my life? Are they making my life better?
• 14:41
  Like, you know, because these politicians, they promise you
• 14:44
  the world and all of a sudden things just keep continuing to
• 14:46
  get more expensive. There reaches a point where
• 14:49
  people ask the question like what the fuck, you know, like
• 14:53
  what what's going on here? Like I'm getting duped, I'm
• 14:56
  getting scammed and I'm starting to see these videos more and
• 14:59
  more and more. But again, there's a solution to
• 15:05
  excuse me, his problem and her problem and the solution is
• 15:09
  Bitcoin. Bitcoin is not a get rich, get
• 15:12
  rich quick scheme. It's a not get poor scheme.
• 15:16
  That's all it is like over time, your wealth and your work is
• 15:21
  valued at what it should actually be valued at.
• 15:25
  That's all Bitcoin does. Life shouldn't get progressively
• 15:28
  more expensive. You shouldn't have to earn more
• 15:30
  and more money. You shouldn't have to work
• 15:32
  harder and harder, especially if you're working for sound money,
• 15:36
  If you're working for a money that someone else can't create
• 15:40
  for free. So here's Walker America.
• 15:42
  He says if I don't pay you 700, I go to jail.
• 15:44
  What is slavery then? So let's check this out I.
• 15:47
  Got a bill today from the IRS for $700.00 and I'm gonna
• 15:50
  explain to the IRS why I don't fucking have it.
• 15:53
  First off, everyone that is inside of the federal
• 15:56
  government, Republican, Democrat, Libertarian, I don't
• 15:59
  give a fuck if you work up there, it's your fault.
• 16:01
  All of you have decided that printing money and destroying
• 16:05
  the economy is just totally fucking OK.
• 16:07
  A bag of Doritos went from $2.00 to $12.00 in two years and you,
• 16:11
  you want money from me for doing that?
• 16:14
  On top of that, I, I don't, I don't have any money because
• 16:18
  you're taking 60% of what I make through my LLC and absolutely
• 16:22
  crushing small businesses. And on top of that, the only
• 16:25
  reason I'm a small business is because during the imagination
• 16:28
  period of the flu scare of 2019, until fucking forever, I guess
• 16:34
  you mandated that I take an imagination shot that I didn't
• 16:37
  need and no one knew anything about.
• 16:38
  And if I didn't take it, you took my fucking career away from
• 16:42
  me. You took my ability to feed my
• 16:46
  child. You took that away from me.
• 16:49
  And for two years I have sold T-shirts and parking lots and
• 16:52
  I've worked this dead end job at a gun store.
• 16:55
  And I have cut trees and mowed lawns and done anything I could.
• 16:59
  Everything I had to do just to feed my child.
• 17:02
  Not vacations, not new clothes, not a new truck, not thriving in
• 17:06
  my life, not living in my life, just surviving day-to-day.
• 17:10
  And if I don't pay you $700.00, I go to jail.
• 17:13
  What is slavery then? I mean like here's another one.
• 17:21
  What to do anymore? And at the risk of looking like
• 17:27
  some like whiny pathetic like person, this is just
• 17:34
  unsustainable. I'm a dance teacher.
• 17:39
  I work from September until June.
• 17:42
  Like generally like the school year and even with a career I
• 17:51
  don't have enough money to pay my rent, I don't have enough
• 17:55
  money to buy groceries every week, and now that it's
• 17:59
  summertime I'm looking for a part time job and I can't find
• 18:03
  one. I have put in over 30
• 18:08
  applications with a brand new resume that I have updated
• 18:17
  fluffed up. So a couple things here.
• 18:22
  And it's like a very serious conversation because those are
• 18:24
  hardcore videos. You can look at this different
• 18:29
  ways, right? You can look at it from the way
• 18:31
  of like, clearly they're not working hard enough.
• 18:33
  Clearly they've made wrong decisions.
• 18:36
  That's their fault. You can look at it that way.
• 18:38
  The other way of looking at it is like, clearly these people
• 18:40
  need help. Like, clearly the government
• 18:42
  needs to step in and, you know, provide these people with help
• 18:46
  and assurance. I would say both those outlooks
• 18:51
  are, one is partly correct. You can make the case for that.
• 18:57
  The other one, it's just exacerbating an already bad
• 19:02
  problem. So what is the actual solution
• 19:06
  to this? When I got into Bitcoin, I was
• 19:10
  working a minimum wage job and I was living on my friend's couch.
• 19:14
  It's 2016. I've worked really hard.
• 19:20
  I dropped out of college, so I don't have like a professional
• 19:23
  kind of background. And whatever I will tell you I
• 19:26
  can, I can guarantee you that my life has progressively gotten
• 19:32
  cheaper because I've been living on a Bitcoin standard.
• 19:38
  I've seen this not only in my life, but also Optis people
• 19:44
  around me that have adopted a Bitcoin standard, their lives
• 19:48
  have gotten cheaper. It's not a cheat like it is a
• 19:50
  cheat code, but it doesn't save you from the hard work.
• 19:54
  Like it doesn't save you from like, it's not like you buy
• 19:57
  Bitcoin and then all of a sudden the next day, you know,
• 20:01
  everything's going to be great. And I, people always ask me that
• 20:06
  and I, my response is always, it takes four years to realize you
• 20:09
  made a good, good decision. Because that's the full halving
• 20:12
  cycle takes really eight years to start feeling the, the like
• 20:16
  the true benefits. And then I'm not on year 12.
• 20:19
  So I can't tell you what that feels like.
• 20:22
  But just based on the people that have been here 12 years and
• 20:26
  the length of their beards and the length of like, I don't
• 20:28
  really give a fuck. I'm assuming, you know, they're
• 20:31
  in a good place spiritually and economically.
• 20:35
  So this guy's frustrated as hell, rightly so.
• 20:43
  This is where we are feeling as a community because he's not
• 20:47
  even aware that this is an option.
• 20:49
  Because I promise you that if he was working that hard and he put
• 20:53
  like a little bit of money into Bitcoin, like a percentage of
• 20:57
  his whatever, he would be ahead. Like he would be able to pay for
• 21:01
  things around him because everything gets progressively
• 21:04
  cheaper on a Bitcoin standard. You don't even need to grow your
• 21:08
  stack. Like you can literally buy $50,
• 21:11
  forget about it, come back ten years and it's going to be a lot
• 21:14
  higher than what it was in terms of Fiat purchasing power.
• 21:19
  So we have a lot of work to do because there's a lot of people
• 21:22
  like that. And it's not only in the US,
• 21:24
  it's all over the world. And they're in that similar
• 21:27
  situation. And the worst thing that people
• 21:31
  like that, people like him, people like her can do is now
• 21:37
  Nico's working him in a woods job and sleeping on his own
• 21:39
  couch. Exactly.
• 21:40
  Boom. So the worst thing that people
• 21:43
  could do is just parade politicians.
• 21:48
  They're the ones that caused it. You have to understand that.
• 21:51
  Like, it wasn't like the, it wasn't the pandemic that closed
• 21:56
  everything down. It was governments that closed
• 21:58
  everything down. And there was governments that
• 21:59
  decided to print all that money, which doubled the cost of
• 22:03
  housing and made everything that much more expensive.
• 22:06
  An unintended consequence of these central planners thinking
• 22:09
  that they can centrally plan themselves out of everything
• 22:12
  because they have the ability to create money out of thin air.
• 22:15
  It's not politicians that are going to save you, it's you
• 22:18
  that's going to save yourself by taking a little bit of personal
• 22:21
  responsibility, buying a Bitcoin, earning Bitcoin, mining
• 22:24
  Bitcoin, and then taking that Bitcoin into self custody.
• 22:27
  And then I promise you, your life will get progressively
• 22:31
  better over time. You will start to have hope for
• 22:34
  the future. It's not a question of will you
• 22:36
  be able to afford things, It's how long how, how long do I have
• 22:40
  to work and how long do I have to wait in order for me to be
• 22:43
  able to afford my first home, in order for me to be able to
• 22:46
  afford my first car? It's not a question of am I
• 22:49
  going to be able to afford this? It's a question of how long do I
• 22:53
  have to work until I'm able to afford this?
• 22:56
  Like someone says in the chat, Fiat destroys lives 100%.
• 23:00
  And what you're seeing there is just people destroyed by the
• 23:03
  system and they don't know where to point that frustration.
• 23:07
  And this is where people like Roaring kitties.
• 23:10
  Like it's like that's a manifestation of people's
• 23:13
  frustration, but they're not using the correct tools.
• 23:18
  And it has nothing to do with, oh, I missed the boat with
• 23:21
  Bitcoin or whatever. I didn't get in 2013.
• 23:24
  I didn't get in 2020. I like I bought Bitcoin over 10
• 23:28
  Ki didn't get Bitcoin at 1000 and then get Bitcoin at 5000 has
• 23:32
  nothing to do with that. You're just adopting a better
• 23:35
  money. You're adopting a better
• 23:37
  monetary unit that isn't stealing your energy like that.
• 23:41
  That's it's as simple as that. Like even with you put the gains
• 23:45
  and you put the multiples and you put all of that aside,
• 23:48
  you're just adopting superior money and those types of issues
• 23:54
  that those people are are experiencing.
• 23:56
  Specifically the first guy, like literally he's describing how
• 24:01
  broken and corrupt the system is.
• 24:04
  And then the system is coming to me.
• 24:05
  It's like, OK, first you debase the currency, then like, you
• 24:11
  know, you, you, you create this like hostile environment for my
• 24:15
  business to thrive. And now you're basically taxing
• 24:19
  me. What the fuck is going on,
• 24:22
  right? And and that is the question
• 24:23
  that I have to you guys is, and this is the theory from the
• 24:26
  sovereign individual is are you really getting in return what
• 24:31
  you are paying in taxes every single year?
• 24:35
  Are you getting a benefit for that?
• 24:37
  And I'm not talking about direct income tax.
• 24:39
  I'm talking about the inflation tax.
• 24:42
  Are you getting, are you getting the benefits of that?
• 24:47
  I don't think anyone is, I don't think anyone has agreed to the,
• 24:50
  the, the, the inflation tax. I don't think anyone has agreed
• 24:53
  to the basement tax. You can make the argument that,
• 24:58
  OK, we need, you know, we need an income tax because, you know,
• 25:04
  we want equality. We need to pay for the I don't
• 25:07
  agree with that argument, but you can make the argument.
• 25:10
  They don't make an argument for inflation.
• 25:12
  What why does inflation? Like if people actually knew how
• 25:16
  it worked, I don't think people would would would agree to it.
• 25:20
  So we're we're basically mandated, we're forced by the
• 25:23
  state in order to use the money that steals from us and we have
• 25:29
  to pay them a portion of our income.
• 25:32
  I remember seeing the meme and Opti, you're going to be
• 25:34
  familiar with it, which is like back in ancient Egypt, the
• 25:36
  Pharaohs would make the slaves pay them like 20% of their
• 25:40
  income. And like now like the top income
• 25:43
  brackets like 39%, but Biden wants to move it to like 44.
• 25:48
  Like the capital gains like and it and it's A and This is why I
• 25:51
  always say to you guys, this is part of like one of the main
• 25:54
  theories of the show, main themes of the show better said
• 25:56
  Bitcoin or slavery. Like it's literally slavery.
• 26:00
  Like he is describing slavery. She's described.
• 26:03
  Look, why do you have to be a sophisticated investor in order
• 26:08
  to maintain your purchasing power?
• 26:09
  Why do you have to be a sophisticated investor in order
• 26:12
  for you to get wealthy? Why can't you just hone in on
• 26:15
  your craft, make money on your craft and just put that money
• 26:21
  away for a rainy day? Why do you have to be forced to
• 26:24
  invest in real estate and stocks and this just to get ahead or be
• 26:30
  better even said like better said, just to maintain where
• 26:34
  you're at. That is insane.
• 26:36
  Like that is crazy. And you know, you get people
• 26:41
  that are frustrated and then and eventually like what's going to
• 26:43
  happen when the majority of the population starts to feel that
• 26:48
  way? Like history has many examples
• 26:51
  of, of, of countries that went through like kind of very
• 26:55
  similar frustrations in terms of their economic situations.
• 26:59
  And let's just say like, things didn't end very well, right?
• 27:03
  It's literally one of the reasons World War Two started,
• 27:05
  right? So anyways, I mean, Opti, those
• 27:08
  videos were intense, bro. Like that.
• 27:10
  That first one really struck a chord with me.
• 27:13
  Yeah, that that first guy, he's my spirit animal.
• 27:16
  I absolutely love that guy. I wish I could rent like that on
• 27:20
  my cell phone. That'd be great, man.
• 27:22
  I don't mean to laugh at the guy because I think this is a very
• 27:25
  real feeling that a lot of people are feeling.
• 27:28
  And, you know, my heart goes out to that girl because I've been
• 27:31
  seeing a lot of videos of people saying very similar things.
• 27:35
  And it kind of goes back to what I always say on the show.
• 27:38
  You know, human psychology is very interesting.
• 27:41
  And until you really feel the pain, then you don't search for
• 27:44
  solutions. You're kind of just like
• 27:45
  sleepwalking. And most people have been syoped
• 27:49
  or rather brainwashed or whatever.
• 27:52
  Verb or I don't know. I don't know.
• 27:54
  Yeah. Yeah, I think it's verb.
• 27:55
  I forget my grammar here, been syopt or brainwashed into
• 28:00
  believing that if they follow the rules, they play by the game
• 28:04
  of the rules and they can get ahead in life.
• 28:06
  And it's becoming very clear, at least to me personally and
• 28:09
  probably to everyone in the chat right now, you kind of have to
• 28:12
  do the crazy thing to get ahead. And for most people, that crazy
• 28:15
  thing is just like going all in on Bitcoin.
• 28:17
  But as we constantly show and bring the receipts on the show,
• 28:21
  like Bitcoin, if you hold Bitcoin long enough and you save
• 28:24
  in Bitcoin, you live below your means.
• 28:26
  You, you know, put your excess profits into Bitcoin like your
• 28:29
  life gets better. And you know, Nico was talking
• 28:30
  about wait, before he got into Bitcoin, he was on his friend's
• 28:33
  couch. Like I was at my parents house,
• 28:36
  like I was literally in my mom's basement.
• 28:38
  And now because of Bitcoin and because of just providing value
• 28:42
  and upping my skills, like I have a whole new lease on life.
• 28:45
  And this kind of goes to what Nico and I stay here on the show
• 28:49
  all the time. And I think these videos are a
• 28:50
  good culmination of everything we're saying.
• 28:53
  And it's a it's a visual example of what we say.
• 28:55
  It's Fiat is a world of pessimism and nihilism.
• 28:58
  It's literally number go down technology.
• 29:00
  And Bitcoin is a world of positivity and optimism and
• 29:03
  there and hope, like Bitcoin is hope and Fiat, like I said, Fiat
• 29:07
  is number go down money tech. Bitcoin is number go up money
• 29:10
  tech. And This is why we Bitcoin
• 29:13
  because we have a better worldview.
• 29:15
  We're trying to get healthier. We're trying to get financially
• 29:18
  sound and when you build on a Bitcoin standard on your
• 29:21
  personal level, like your life gets better.
• 29:23
  And I fundamentally boil everything down to a very simple
• 29:26
  axiom, a very simple meme. If people just want to live a
• 29:29
  good life. And our job is to try to show
• 29:32
  people that life on a Bitcoin standard, life saving in Bitcoin
• 29:35
  is better than the status quo right now, which is the Fiat
• 29:39
  world. And I think this is only going
• 29:41
  to escalate. We're only going to see more
• 29:44
  people start to complain on social media.
• 29:45
  And now, you know, we can argue about whether like they should
• 29:49
  be arguing on social media or whatever, making those posts,
• 29:52
  like that's a totally different conversation.
• 29:54
  The point is a lot of people are starting to feel helpless,
• 29:57
  especially now in in like America or the first world.
• 30:01
  You know, we got brought up with the idea that like we live in
• 30:03
  the best country and now most people can barely survive now.
• 30:06
  And we're all wondering like, what is going on?
• 30:09
  And it again, it goes back to what we've been saying on the
• 30:11
  show a lot in the last couple of weeks is that I don't know if
• 30:16
  I'd say necessarily that the empire is, is like completely
• 30:19
  dead, but the faith in the institutions is crumbling and
• 30:24
  people are starting to feel that pain.
• 30:25
  And it's because they printed, I forget what the number is now,
• 30:28
  but since 2020, they printed, I think at now it's like 50 to 60%
• 30:33
  of all dollars that were ever in existence.
• 30:35
  Like, no wonder everything's more expensive.
• 30:37
  No wonder everything costs twice as much now.
• 30:40
  It's because they completely decimated the dollar, the
• 30:43
  purchasing power of the dollar. And we're just supposed to take
• 30:46
  it like, I mean, look, I'm a first generation American and
• 30:52
  the founding fathers revolted for much less than 30% of all of
• 30:56
  your money coming in. They, they revolted on a 3% T
• 30:59
  tax. Like we need to go back to the,
• 31:02
  the founding fathers ethos here because we're literally, we're
• 31:05
  literally tax slaves in this system.
• 31:08
  And I think more people are waking up to the idea that like
• 31:11
  this system is not set up for us.
• 31:13
  It's actually one of two things. It's either set up in a specific
• 31:17
  way to ensure that you can never get ahead or it is broken.
• 31:22
  Now you can decide which side of the aisle you are on.
• 31:25
  So the system's either working exactly as design and, you know,
• 31:28
  keeping you in your place, or it's not working for the
• 31:32
  majority of people anymore. And that's what we constantly
• 31:36
  show in the show. Like, there's a better option.
• 31:38
  It is Bitcoin saving Bitcoin. Work hard, get fit, focus on the
• 31:43
  things you love and saving Bitcoin and your life is going
• 31:45
  to get better. It's literally that simple.
• 31:47
  Amen to that. I also want to give a shout out
• 31:48
  to Himesito. Appreciate the $2.00 man.
• 31:50
  Thank you so much. I do want to give a very special
• 31:53
  shout out our sponsor. And of course, I'm talking about
• 31:55
  the pleb party that's happening in Nashville, TN.
• 31:59
  You can thank you Sir. You can scan the QR code on your
• 32:03
  screen or you can check the link in the video slash podcast
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  I think the $200.00 price points is the last time you'll be able
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  to get those. There's only like 30-40 tickets
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  left at that price point. Once the tickets sell out, you
• 32:20
  won't be able to buy them at the door.
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  Over 1000 Bitcoin plebs are expected.
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  It's a 12 hour open bar from noon to midnight.
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  Confirmed attendees include Larry Leopard, Preston Pish, the
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  Mark Moss Puppy, Tatum Turnip, and Adam O'Brien.
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  Many, many Bitcoin many other Bitcoiners are expected to
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  With brick walls and tons of proof of work atmosphere.
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  conference. Definitely don't want to miss
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  the pleb party. Scan the QR code or check the
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  link in the video description. All right everybody, let's hit
• 33:10
  the news. Lots to talk about.
• 33:14
  The Daily News. I want to give a shout out to
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  the show notes below to learn more.
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  I remember I literally went like on a tangent.
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  Self custody is the revolution. Self custody is how you fix
• 34:20
  things. Self custody will make your life
• 34:23
  better. So you want to take your Bitcoin
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  into self custody. You don't want to outsource that
• 34:27
  responsibility to an exchange or God forbid, you buy the Bitcoin
• 34:30
  ETF for whatever reason. You shouldn't be doing that,
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• 34:45
  So you guys all know how MicroStrategy has absolutely
• 34:49
  killed it since they adopted a Bitcoin strategy since August
• 34:52
  10th 2020. They did basically a 10X, which
• 34:56
  is absolutely crazy. And of course, Bitcoin is
• 34:59
  outperformed every other company or asset, including the SNP 500,
• 35:05
  including NASDAQ, including gold, including the big tech
• 35:08
  stocks, including the enterprise software stocks.
• 35:11
  So it's just been a superior asset.
• 35:14
  Here's James Lavish, she says Bitcoin and the ETFs, yes, the
• 35:17
  institutions are here, but not many of them and not yet in
• 35:20
  size. And here we are bouncing around
• 35:23
  just below the all time highs. I think that's a really good
• 35:25
  point. Now what's really interesting
• 35:28
  about this is we were wondering for a very long time why no
• 35:33
  other company has followed in Michael Saylor's footsteps.
• 35:37
  And now it seems like the dam is starting to break.
• 35:40
  And that first company, the name of the company was Semler
• 35:43
  Scientific. So they made a really good case
• 35:45
  and they came out with a post as to the reasoning as to why they
• 35:49
  are adopting Bitcoin as a treasury asset.
• 35:51
  And they said that it was superior to gold, that a lot of
• 35:54
  potential. And then make no mistake, a week
• 35:57
  or two after they did that, they made this announcement dropped 7
• 36:02
  hours ago that they plan to raise 150 million to buy more
• 36:06
  Bitcoin. Medical device maker Similar
• 36:09
  Scientific acquires 247 more Bitcoin and plans to raise 150
• 36:13
  million to further expand its Bitcoin treasury holdings
• 36:17
  following Microstrategy's lead. And that's absolutely
• 36:21
  fascinating. Now, why are they doing that?
• 36:24
  Well, I mean, it's obvious and you don't even know what company
• 36:26
  is similar scientific, but I promise you that because they've
• 36:30
  adopted Bitcoin into their treasury, they're going to start
• 36:34
  outperforming a lot of these companies just because people
• 36:37
  are going to buy the stock because they realize, oh, this
• 36:39
  company's holding Bitcoin and Bitcoin's going to the moon.
• 36:42
  And and that's the that's the realization.
• 36:44
  Like that's that's the thing that like these companies
• 36:48
  haven't woken up to this. Like they're holding bonds,
• 36:52
  they're holding dollars. Dollars is like holding onto a
• 36:54
  melting ice cube, but they haven't realized like the
• 36:58
  superior asset that is Bitcoin. Now, what's really interesting
• 37:02
  is that they're using the debt based system, they're using the
• 37:05
  Fiat system, they're using the pre-existing system as a way to
• 37:08
  kind of leverage it to raise more fake dollars really to buy
• 37:14
  something that is absolutely scarce.
• 37:16
  And in the process, I really call it a speculative attack on
• 37:20
  Fiat using the very system of Fiat itself.
• 37:24
  Right? Here's Jimmy's song, and he
• 37:25
  wrote an incredible post for you guys regarding the quote UN
• 37:31
  quote speculative attack on the dollar.
• 37:33
  This is originally posted on Stacker dot.
• 37:35
  News. Can you zoom in a little bit,
• 37:36
  Nico? Yeah, absolutely.
• 37:38
  So he goes on to say there is a speculative attack on USD coming
• 37:43
  soon. If it does, it's going to be
• 37:45
  crazy sight to see every institution that can borrow will
• 37:49
  and essentially short the dollar by going long Bitcoin.
• 37:52
  Did you hear that? This again was written March
• 37:55
  1st, 2021. This article dropped 7 hours
• 38:00
  ago. We know that Michael Saylor has
• 38:02
  already adopted this, and now it seems like another company's
• 38:06
  falling in its footsteps. Now what happens?
• 38:09
  I'm going to ask you guys this question, and it's such an
• 38:12
  incredibly obvious answer, but I'm going to ask it to you.
• 38:16
  I'm going to ask you guys anyways.
• 38:19
  What happens when this country, I'm sorry, this company that no
• 38:25
  one knows, like like no one knows what this company was
• 38:29
  before. No one knew what MicroStrategy
• 38:32
  was before. No, that stock was going
• 38:35
  sideways forever, OK? No one knew who they were.
• 38:42
  What happened? As soon as they adopted a
• 38:45
  Bitcoin strategy, they outperformed everyone else.
• 38:49
  And now my question to you is, do you think that MicroStrategy
• 38:53
  has provided that much more value than something like Apple,
• 38:59
  something like Google, something like Microsoft, something like
• 39:01
  Meta, something like Netflix, something like Amazon?
• 39:07
  I think it's just, it's just using a, it's just they, they're
• 39:10
  using their, they've adopted a superior asset.
• 39:13
  That's it. That's all it is, right?
• 39:16
  So what happens when this company starts to outperform
• 39:18
  everyone else on the stock market?
• 39:21
  What do you think is going to happen?
• 39:22
  Who do you think is going to start asking questions like,
• 39:24
  wait a second, like why the fuck are we holding dollars like
• 39:28
  these, these, these like companies that no one knows is
• 39:31
  outperforming everything just by the mere fact of holding
• 39:33
  Bitcoin? Why don't we do that?
• 39:36
  That is the speculative attack. And the best part is that
• 39:40
  they're able to leverage their stock valuation going up in
• 39:44
  order to borrow more money so that they can buy even what they
• 39:47
  can buy more Bitcoin. It's like this never ending
• 39:50
  feedback loop of this infinite money glitch using this the very
• 39:54
  system itself against itself in order to go along Bitcoin like
• 39:59
  Jimmy Song said. So it goes on to say the dollar
• 40:01
  will become will begin hyperinflating and there will be
• 40:04
  a lot of unhappy rent seekers that will want some blood.
• 40:08
  It may in the end create calls for a CBDC to control the
• 40:11
  lending slash printing of money, which is currently in the hands
• 40:14
  of too many banking institutions.
• 40:17
  But we're getting ahead of ourselves.
• 40:18
  Let's start from the godfather of the speculative attack,
• 40:22
  Michael Saylor. For those with assets, loans are
• 40:25
  really easy to get in the Fiat economy.
• 40:28
  Loans have no opportunity cost, so banking institutions are
• 40:32
  incentivized to lend as much money as possible to qualified
• 40:35
  borrowers. More loans, more interest
• 40:38
  payments, more profit. And the rich borrow a lot.
• 40:41
  Loans are how contillionaires stay rich.
• 40:44
  They use the newly printed money to invest in all sorts of stuff,
• 40:48
  and as long as their investment returns higher than the
• 40:50
  minuscule interest rate from the bank, they come out ahead.
• 40:54
  Sometimes make, sometimes many multiples.
• 40:58
  Using these loans to buy Bitcoin is what a what is we call a
• 41:01
  speculative attack on the dollar.
• 41:03
  That's essentially what Michael Saylor has done with every kind
• 41:06
  of loan he can get. He used unsecured loans, secured
• 41:09
  loans, the stock issuance, among other things to acquire as much
• 41:13
  Bitcoin as possible. I'm sure he'd take out more
• 41:15
  loans if he could, and I have no doubt in my mind he's looking to
• 41:18
  more ways to add more to the incredible Bitcoin position he
• 41:22
  has. Ladies and gentlemen, it's not
• 41:25
  only Michael Saylor anymore. I can't emphasize how historic
• 41:30
  this is. Now you have another company
• 41:33
  that is literally speculatively speculating us attacking the
• 41:38
  dollar using the very system itself.
• 41:43
  And this is going to like escape like a runaway train when all
• 41:47
  these companies start to realize, holy shit, we can make
• 41:51
  our stocks perform like this. All we have to do is buy
• 41:55
  Bitcoin. And then when our stock
• 41:57
  valuations go up, we can just borrow against our stock going
• 42:01
  up and buy even more Bitcoin with that borrowed money.
• 42:06
  And imagine like 5-10 companies doing this.
• 42:08
  Do you think that like that? Like, is that sustainable?
• 42:11
  Like, This is why it's called a speculative attack on the
• 42:14
  dollar. Anyways, it goes on to say
• 42:16
  what's going to be even crazier is that he will soon be able to
• 42:19
  use that Bitcoin itself as collateral.
• 42:21
  Wall Street isn't that comfortable with this idea yet,
• 42:24
  But at some point, they're going to because there's too much free
• 42:26
  money in it for them. And then the real leverage games
• 42:30
  can begin. He's in deep profit on his
• 42:32
  Bitcoin position. And as the price goes up, there
• 42:35
  will be more loans available. But at least at the moment,
• 42:38
  banks aren't loaning with Bitcoin as collateral just yet.
• 42:42
  As such, he has to wait for more stock issuance to buy more
• 42:45
  Bitcoin. With almost 1% of all Bitcoin in
• 42:47
  his treasury, that's a lot of demand for his stock.
• 42:50
  And with additional issuances, the market knows he'll buy more
• 42:55
  BTC. As a result, he can keep issuing
• 42:58
  stock and buying Bitcoin this, buying Bitcoin this, until he's
• 43:01
  saturated market demand. The result is that MicroStrategy
• 43:05
  now trades like a 2X long Bitcoin ETF.
• 43:08
  But here's where it gets fun. What happens when there's no
• 43:12
  more room? There's there are more companies
• 43:15
  besides MicroStrategy to that use this strategy.
• 43:18
  That's already happened. That's happened already.
• 43:21
  That's not a question anymore. That's not a theory.
• 43:24
  It's happened. You already have one.
• 43:27
  Many soon will follow because this is going to happen to their
• 43:30
  stock, especially if they get big exposures to Bitcoin.
• 43:35
  Anyways, goes on to say you really just need one more CEO
• 43:39
  with this level of conviction to take this strategy to the next
• 43:42
  level. It's already happened.
• 43:43
  The stock returns have been so insanely high that some company
• 43:46
  will mimic it. Heck, even someone that doesn't
• 43:49
  have a company right now could perhaps buy up a small cap stock
• 43:53
  with some cash on its balance sheet, buy Bitcoin with it, and
• 43:56
  then issue more shares to buy even more Bitcoin.
• 43:59
  It would be slower, of course, but there's no reason why it
• 44:02
  won't work. The key is a large cash position
• 44:05
  and a way to get lot way to get lots of debt.
• 44:09
  This hypothetical hyper hypothetical alternative to
• 44:12
  micro strategy would have to have some differentiation, of
• 44:15
  course, and perhaps they'd use more or less leverage than micro
• 44:19
  strategy. For that matter, could we see a
• 44:22
  mining infrastructure company go in the direction, keep lots of
• 44:26
  Bitcoin on their balance sheet and use USD to mine more?
• 44:30
  If the treasuries and BTC and the acquisition strategy is
• 44:33
  mining, then it could very well use its line of credit to become
• 44:36
  something like micro strategy, only a bit more related to
• 44:40
  energy production. How about one of these zombie
• 44:43
  companies? A visionary CEO could turn a
• 44:45
  zombie company into a living one by making it into a Bitcoin
• 44:49
  substitute. A company like IBM has lots of
• 44:52
  assets to get loans with. Use those assets to buy Bitcoin
• 44:55
  on the treasury. It can quickly become another
• 44:58
  stock that's a store of value. Speaking of which, the reason
• 45:01
  MicroStrategy is doing so well is because it's taking the store
• 45:05
  of value premium away from other stocks.
• 45:07
  Stocks have functioned as a de facto store value for a long
• 45:11
  time. The premium now is now leaking
• 45:13
  towards something that holds its value better.
• 45:16
  The presence of Bitcoin on the balance sheet turns a store
• 45:19
  value premium in these stocks into Bitcoin substitutes.
• 45:22
  And it really won't take many companies to do these things for
• 45:25
  the entire market to expand USD and complete the monetization of
• 45:30
  Bitcoin. And that, ladies and gentlemen,
• 45:32
  is happening. And you want to know what
• 45:36
  GameStop should be doing now that they got so much cash, now
• 45:40
  that their stock is going to the moon.
• 45:42
  If they no longer want to be a zombie company, you know what
• 45:46
  would really break things? They should just buy Bitcoin.
• 45:50
  It's as simple as that. That's what the GameStop should
• 45:53
  do. And then all of a sudden, it's
• 45:55
  not a it's not a zombie company anymore.
• 45:58
  Like they're not going to go out of business.
• 46:01
  They become, like Jimmy Song said, like they become a store
• 46:04
  of value. That's what it is.
• 46:06
  And it's really interesting also is the premium aspect.
• 46:09
  And that's something that we, we don't talk enough about, right?
• 46:13
  And that's something that people don't really understand is that
• 46:16
  everything around you, like whether it's real estate or
• 46:20
  stocks, the reason that they're as elevated as they are is
• 46:24
  because people have been using them as mechanisms to escape
• 46:29
  inflation, to outpace inflation. Things shouldn't work like that,
• 46:34
  Like a house shouldn't be seen as an investment, but it is
• 46:38
  right now because of how broken the system is fundamentally.
• 46:42
  And that's what Bitcoin ultimately fixes.
• 46:45
  Like this is like one of those things where you can truly say
• 46:47
  Bitcoin fixes this. And that theoretical case that
• 46:52
  Jimmy made is no longer just a theoretical now it's real.
• 46:57
  It's super real because another company has followed in the
• 47:01
  steps of MicroStrategy. They made a major announcement
• 47:04
  and within a week they came to the realization that Michael
• 47:08
  Saylor did, which is holy shit, we can borrow against our
• 47:12
  company to buy even more Bitcoin and create this never ending
• 47:17
  feedback loop. Now let's see if they get the
• 47:18
  loan. But if they do and six from six
• 47:21
  months from now, their stock goes higher, I guarantee you
• 47:25
  that another company that you've never heard of that's publicly
• 47:29
  traded, that stock's been going sideways for many years, is
• 47:32
  going to say holy shit, like, let's get rich.
• 47:36
  Let's follow this. This clearly this is working,
• 47:39
  right? And then I think all hell breaks
• 47:42
  loose, which we can't like really imagine right now.
• 47:45
  But I guarantee you it's going to happen.
• 47:49
  I guarantee you this is going to happen within the next 5 to 10
• 47:54
  years. As soon as you hear Google,
• 47:56
  Facebook, Apple, Tesla already has Bitcoin or any of these
• 48:02
  companies publicly announced like, hey, holy shit.
• 48:05
  You know, we're buying Bitcoin, we're putting in on its balance
• 48:07
  sheet and we're doing this as an alternative to holding dollars.
• 48:10
  And then all of a sudden that stock starts to outperform all
• 48:13
  the other tech stocks that haven't adopted that strategy.
• 48:15
  They're at a disadvantage and they're going to fall in the
• 48:17
  footsteps. So you know, this is crazy, like
• 48:22
  this is a game changer 100%. And I don't think people are
• 48:28
  bullish enough for this upcoming cycle because this is really the
• 48:31
  cycle of institutions. And we like seven years ago, I
• 48:35
  never forget, I always say this 2017, the cope was bro, the
• 48:42
  institutions are coming man. It's going to pump the price
• 48:46
  back up. And we dropped from like 20 K to
• 48:49
  like 3500. And that was one of the coping
• 48:51
  mechanisms that we used to try to make ourselves feel better.
• 48:54
  But in reality, they weren't. They weren't even close.
• 48:59
  They weren't even close. The institutional game started
• 49:02
  as soon as the ETF was approved in January.
• 49:06
  Everything changed that moment. As soon as BlackRock put its
• 49:10
  stamp of approval and said this is a legitimate asset for
• 49:14
  institutions to hold, everything changed.
• 49:18
  And Michael Saylor came early. If you came in before 2020, you,
• 49:24
  you outpaced Michael Saylor obviously has a lot more
• 49:26
  purchasing power, but you were, you were first.
• 49:29
  And if you were before January, you were before the institution.
• 49:32
  So you front run, you front ran like we always say here, it's
• 49:36
  simply Wall Street. And usually it's Wall Street
• 49:39
  that front runs everyone, Main Street.
• 49:41
  But in Bitcoin's case, the complete opposite.
• 49:44
  Bitcoin is the peaceful revolution.
• 49:46
  Bitcoin is the Rage Against the machine.
• 49:49
  Bitcoin is the real GameStop movement, and because people
• 49:54
  haven't woken up to that, that presents an opportunity to you.
• 49:57
  If Bitcoin was the mainstream, the mainstream thing, if Bitcoin
• 50:03
  and a Bitcoiner were getting like 600,000 people watching him
• 50:07
  live shit on GameStop, then the opportunity wouldn't be there
• 50:11
  for you anymore, right? So I think people are going to
• 50:15
  wake up to this as Bitcoin continues to shine anyways,
• 50:18
  Opti, what's your take on this, brother?
• 50:20
  Oh, bad, good. Yeah.
• 50:21
  I mean, I, I couldn't agree more with what you were saying.
• 50:25
  Totally agree. And and it's something that I
• 50:27
  think we're all as bitcoins. Once you've been around long
• 50:30
  enough and you really understand the problems of not only the
• 50:34
  traditional financial world, but of Fiat money in particular, you
• 50:37
  realize that everyone has the same problem.
• 50:39
  Whether you're a corporation, an individual, a nation state, even
• 50:43
  the banks and the central bankers, we all have the same
• 50:46
  problem. There is nothing to store value
• 50:48
  in because they can print as much Fiat money as possible.
• 50:52
  And any hard asset, anything with real value is of course
• 50:56
  going to seemingly go up because of the value of the dollar, the
• 51:01
  purchasing power of your Fiat currencies are getting debased.
• 51:04
  So it looks like everything's going up.
• 51:06
  And once you realize this game, once you realize the mechanism
• 51:08
  of the game and you start to look for alternatives, then
• 51:12
  eventually all roads lead to Bitcoin.
• 51:15
  And man, I've been been joking about this for a while on the
• 51:18
  show that I, I wish we at simply Bitcoin basically had free loans
• 51:22
  because we'd be taking out a shit tons of money to stack
• 51:25
  Bitcoin as a company. Like if we had the sailor plan
• 51:27
  where you're basically getting, you know, billions of dollars
• 51:30
  for free on a six year loan and you stack that into Bitcoin like
• 51:35
  it's basically printing free money.
• 51:38
  Like it's an infinite money glitch and it's a speculative
• 51:41
  attack on the dollar or Fiat currencies, no matter how you
• 51:44
  dress it up. So people can say whatever they
• 51:46
  want, you know, like, oh, this is just good for our balance
• 51:49
  sheet. But once you really understand
• 51:51
  the game theory, you understand that people really are starting
• 51:55
  to catch on to the game that, Oh my God, I can basically take out
• 51:59
  as much of this paper currency, these these IO us this, this
• 52:04
  government debt. And I can stack it into
• 52:06
  something that cannot be the base.
• 52:07
  Like anyone that thinks clearly and and can kind of zoom out a
• 52:12
  little bit from what is the status quo realizes that this is
• 52:15
  the game being played like this is the only game in town.
• 52:18
  Because Nico, I don't know if you saw, but we just got this
• 52:21
  happened in the beginning of the week.
• 52:23
  We just got news that China dumped 50 billion of U.S.
• 52:27
  Treasuries and they continue. At this rate, they will be
• 52:31
  completely out of U.S. Treasuries by 2026.
• 52:34
  That's two years from now. So everyone is waking up to the
• 52:38
  idea that the dollar or the OR U.S.
• 52:41
  Treasuries. Faith in the US government like
• 52:44
  they're like holy shit like these guys are spending like
• 52:47
  fucking crazy Oh, and not only that, right, so the so China,
• 52:52
  you're right, they're dumping U.S.
• 52:53
  Treasuries. They're stocking gold, right
• 52:56
  yes, but it was Saudi Arabia that didn't sign up to the Petro
• 52:59
  dollar deal anymore. So for anyone one who's not in
• 53:01
  the know, back in the 70s, Saudi Arabia, major supplier of the
• 53:06
  world's oil supply or major supplier to the world.
• 53:09
  And in terms of oil, they basically had a deal with the US
• 53:13
  government. the US government would provide defense and
• 53:15
  weapons and all that. And in return, Saudi Arabia
• 53:18
  would only sell oil to other countries in the dollar.
• 53:23
  So it created the situation where you wanted to buy oil, it
• 53:26
  had to be in dollars, right? Saudi Arabia basically said, no,
• 53:29
  we're not doing that anymore, right?
• 53:31
  So you can, you don't have to use dollars to buy oil anymore.
• 53:34
  Now let's see what happens, right?
• 53:36
  The market's going to decide, not a government, but I find
• 53:39
  that interesting too. So clearly in 10 years, is the
• 53:43
  US government going to continue to have the ability to spend
• 53:48
  this crazy, absurd amount? Look, last year, 2020, three,
• 53:52
  $1.7 trillion, they spent more than they collected in tax
• 53:57
  revenue, deficit spending. Where did they get that money?
• 53:59
  That's the GDP of most countries on planet Earth.
• 54:03
  Just to kind of give you an idea, El Salvador has AGDP of 35
• 54:06
  billion. the US government spent 1.7 trillion with the T just to
• 54:12
  kind of give you an idea of how much money it is.
• 54:15
  And the only reason the United States is not like Argentina in
• 54:18
  terms of its inflation situation is because of because of the
• 54:22
  fact that it's the world reserve currency.
• 54:25
  So it has this unique ability to just keep spread, like spending
• 54:29
  all this money because everyone is holding dollars all around
• 54:33
  the world. That's the case now.
• 54:36
  Is that going to be the case 510 years from now?
• 54:39
  I don't know. But what I will say is that if
• 54:43
  you're in the US, you benefit tremendously from living in a
• 54:47
  country that is the world reserve currency.
• 54:50
  When that party ends, you better hope you own Bitcoin.
• 54:55
  You read that book. Odell was talking about it all
• 54:58
  the time. Mandibles, right?
• 54:59
  Like, dude, if things will get bad, like really bad, the
• 55:05
  government's not going to be able to pay for things like they
• 55:07
  used to, like the infighting, the tension.
• 55:10
  Look at the political atmosphere now.
• 55:12
  Do you think that's unrelated to what happened in 2008?
• 55:18
  Look at how that person felt in that first video, how charged,
• 55:22
  how heated he is. There's a big portion of the
• 55:26
  population that feel the way he does.
• 55:29
  We can't afford housing, we can't afford these things.
• 55:32
  It's not our fault, right? Creates a very interesting
• 55:36
  situation to say the least. I do want to go before before we
• 55:39
  go on, though, I just wanna add something to to what you said is
• 55:43
  at first people will go into gold because they're so used to
• 55:46
  it and eventually they're gonna end up on Bitcoin like, you
• 55:49
  know, similar MicroStrategy. And once we see the corporations
• 55:52
  all do this, like I'll make a candle coming.
• 55:55
  Amen to that. All right everybody, I do want
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  up. All right everybody, I do want
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  to transition to the culture. Lots to talk about.
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• 57:53
  All right, man, I'm really excited today's episode because
• 57:56
  Naim Bukele had a phenomenal interview with the most popular
• 58:02
  broadcaster on the planet, Tucker Carlson.
• 58:04
  It seems like you have a clip pulled up of it, Opti.
• 58:06
  Yeah. Yeah.
• 58:07
  So just giving some context. This is the culture and what we
• 58:11
  want to do here is not only feature Bitcoin culture, but
• 58:14
  also have some social commentary on things that are happening
• 58:18
  outside of Bitcoin. And I highly recommend everyone
• 58:21
  go watch this interview, send it to your friends and family.
• 58:24
  I'm I'm going to try to force my parents to watch this because
• 58:27
  it's like it's, I think it's kind of a master class of what's
• 58:30
  going on. I watched it a few times.
• 58:33
  I did take a couple notes, guys, but I, I think I picked the best
• 58:37
  part of that clip that it's only two minutes.
• 58:40
  So, but I wanted to highlight a few different things that Naive
• 58:43
  was saying throughout this whole interview.
• 58:45
  And you know, you may agree with some of it, you may not.
• 58:48
  And that's the beauty of the show.
• 58:49
  But I put some some time stamps here.
• 58:52
  So at the three minute mark, Naive Buckley goes, you can't do
• 58:55
  anything if you don't have peace.
• 58:56
  You need basic rights respected before you could even get to
• 59:00
  peace. Or like you need the basic
• 59:01
  rights respected to get peace around the nine minute part,
• 59:05
  which was very interesting that, you know, I, I've never heard,
• 59:08
  but any politician probably said this, that they praised for
• 59:11
  wisdom and that their whole cabinet, their whole people in
• 59:15
  office, they all believe in God, which is very interesting
• 59:18
  considering what's going on. And I know you guys might
• 59:20
  disagree there. At the 15 minute mark, which I
• 59:22
  thought was a very powerful quote.
• 59:23
  He goes, there is a spiritual war and there's a physical war.
• 59:26
  If you win the spiritual war, it will reflect into the physical
• 59:29
  war. I absolutely love that.
• 59:31
  At the 20 minute mark is where Naive Bukele responded to the
• 59:36
  condemnation, the hate he got from the human rights
• 59:40
  organizations out there. And he was surprised that people
• 59:43
  cared more about the criminals rights in the honest citizens
• 59:46
  rights, which is very interesting considering what's
• 59:48
  going on in the world. And it kind of makes you think
• 59:50
  of what we've been saying in the beginning that maybe we're at a
• 59:53
  point where the laws aren't actually helping the the
• 59:57
  everyday person out there. At the 33 minute mark, Naive
• 1:00:00
  Bukelli says something we say all the time on this show that
• 1:00:03
  the incentives are wrong, that the incentives are broken.
• 1:00:06
  And This is why the system is eroding at the 43 minute mark.
• 1:00:10
  He talked about the money printer, about the US having
• 1:00:12
  unlimited resources because of the money printer.
• 1:00:15
  And yet we're still extremely efficient, inefficient, sorry,
• 1:00:18
  inefficient. What's going on here?
• 1:00:20
  And the part that I'm gonna bring up is at the 48 minute
• 1:00:23
  mark, it says that the US has everything and yet it's still
• 1:00:26
  crumbling. Why?
• 1:00:27
  And this is yes, and this is the part that I want to play.
• 1:00:30
  And then the last part, which I thought was very interesting was
• 1:00:33
  at the 59 minute mark, Naive Bukele was commenting on this
• 1:00:37
  politician trying to micromanage the art in El Salvador and just
• 1:00:41
  being completely out of touch with the people.
• 1:00:43
  Anyways, I'm sure you'll find some more highlights throughout
• 1:00:45
  this whole clip, but I wanted to bring on a few things.
• 1:00:48
  And the reason we wanted to bring this on again is to talk
• 1:00:51
  about culture, cultural commentary.
• 1:00:54
  But in this clip right here, I think Naive Bukele completely
• 1:00:58
  sums up what we say on the show every single day about the
• 1:01:01
  system, about where the US place in it is in it, and whether
• 1:01:06
  there's still hope for America. And I know we're American
• 1:01:08
  centric and our audience is global, but I think Naive Bukele
• 1:01:12
  just absolutely nails it on this.
• 1:01:14
  It's about a minute or two. It is at 1.25 because that's
• 1:01:16
  just how my brain works. So let's listen to this.
• 1:01:21
  Update the screen. You have workers, you have blue
• 1:01:26
  collar workers, you have trains interactually, interactually.
• 1:01:30
  But if you sanction Russia have work.
• 1:01:32
  So to super, to superpower, yes. So they have wheat, they have
• 1:01:36
  energy, they have natural gas, oil, yes, because they were
• 1:01:39
  built like that. Industrial capacity.
• 1:01:41
  Industrial capacity factories, you know, workers.
• 1:01:43
  So the US is like that too. It was built as a superpower.
• 1:01:47
  So you have wheat, you have corn, you have workers, you have
• 1:01:50
  blue collar workers, you have trained skilled factory workers,
• 1:01:53
  you have colleges, you have universities, you have school
• 1:01:57
  system, you have infrastructure, you have cities, tourism, the
• 1:02:01
  Mississippi River. I mean, you have everything.
• 1:02:05
  You have ships, you have warehouses, you know,
• 1:02:09
  agriculture, fertile lands. You know what, what you, you
• 1:02:13
  didn't have before you, you, you, you got right.
• 1:02:16
  You took from, you know, Mexico or whatever.
• 1:02:18
  So the US was, was built to be a superpower, right?
• 1:02:24
  Acquire land, acquire fertile lands, acquire.
• 1:02:26
  I mean, Texas was part of Mexico, but it's part of the US
• 1:02:29
  and you have all the oil there. So I mean, and then you have
• 1:02:32
  California and you have, I mean, the US is built as a superpower.
• 1:02:37
  So the US has everything to go on for 1000 years.
• 1:02:42
  It's not like it's doomed to fail, but apparently the leaders
• 1:02:48
  or most of them, you have probably very good leaders, but
• 1:02:50
  most of the leaders, they don't, they're not seeing they, they
• 1:02:54
  either they, they are evil or this is not, you know,
• 1:02:58
  conspiracy theories. It's just, you know, the options
• 1:03:00
  you have. Either they're evil and they
• 1:03:03
  want to destroy the US because of some evil reason or they're
• 1:03:08
  puppets and they are being handled people that need the US
• 1:03:12
  to be destroyed by for some reason or they're incompetent
• 1:03:16
  and they just, you know, doing wrong stuff because they're not
• 1:03:19
  capable of doing the right stuff.
• 1:03:21
  Or sorry, I said three, but the incentives, right?
• 1:03:26
  I mean, changing a country and changing a lot of things that
• 1:03:30
  are badly done, probably anger will, will anger some people,
• 1:03:34
  right? Some groups, some, some lobbies,
• 1:03:36
  some interests. I mean, if you say, OK, we're
• 1:03:39
  going to stop the railway that's costing us $15 billion per 600
• 1:03:43
  meters, a lot of companies will be angry.
• 1:03:45
  A lot of, you know, I don't know, mayors, you have a system
• 1:03:48
  that that that needs to be needs to be handled.
• 1:03:52
  So, and that needs leadership and it needs a clear, a clear
• 1:03:56
  mandate that is probably a little hard to get in the US
• 1:04:01
  because of, you know, the opposite views and, you know,
• 1:04:03
  the bipartisanship and but but you need to do it.
• 1:04:08
  Absolutely love it. He killed that, absolutely
• 1:04:11
  killed that speech, and it's something again, that's why I
• 1:04:14
  wanted to give the context of some of the stuff he was talking
• 1:04:16
  about. But it really boils down to what
• 1:04:18
  we say all the time, and I even said it earlier in the show.
• 1:04:21
  It's either that the system is designed this way or the system
• 1:04:25
  is going completely awry because of the incentives.
• 1:04:28
  And of course, we at Simply Bitcoin always think if you
• 1:04:31
  align the incentives, you get on better money, you start using a
• 1:04:35
  money that you can't debase. And actually, there was a very
• 1:04:37
  good part in that whole conversation.
• 1:04:40
  Again, I I recommend you guys watch the whole thing where he
• 1:04:43
  talks about the incentive structures of being a
• 1:04:45
  politician. And you don't have to
• 1:04:47
  necessarily call them evil, But if you have a money printer
• 1:04:50
  behind you, then of course, you're basically going to be
• 1:04:53
  buying votes. And then once you take that
• 1:04:55
  power away, you start to align the incentive structure.
• 1:04:58
  And as someone that, you know, fix their country in three
• 1:05:00
  years, like it carries a lot more weight than when Nico and I
• 1:05:05
  say this and we're just Youtubers and Bitcoiners over
• 1:05:07
  here. Like he's done it.
• 1:05:09
  Yes, they still have to ensure that this this goes on longer
• 1:05:13
  than Naive Buchelli being there. But it all boils down to the
• 1:05:16
  same thing. The incentive structures of the
• 1:05:18
  world in the in the first world, in America, in the EU, it is
• 1:05:23
  it's either completely broken or it is designed this way.
• 1:05:26
  And we do need new solutions and, you know, we need new
• 1:05:30
  ideas. And I think Naive Buchelli just
• 1:05:32
  absolutely, absolutely destroyed the, the narrative, the flood
• 1:05:35
  lines, all of the hate he's been getting.
• 1:05:38
  And I saw, I, I didn't double check here, but last time I saw,
• 1:05:42
  OK, so it's at 6.6 million views.
• 1:05:45
  Like that is breaking the echo chamber.
• 1:05:47
  This is how you get these ideas across.
• 1:05:49
  And I'm going to be spreading this to all my friend, or rather
• 1:05:52
  more, more of my families because my friends don't really
• 1:05:54
  care. But my I want my mom and my dad
• 1:05:56
  to listen to this because I think it's a very great way of
• 1:06:01
  being objective here and not falling into the left and right
• 1:06:04
  paradigm. You know, it is a battle of
• 1:06:06
  orange versus green. Some might say good versus evil,
• 1:06:10
  but it's all about the inceptive structure.
• 1:06:12
  And I think Naive Buchelli just absolutely killed, killed it
• 1:06:15
  with this interview again. Go watch it.
• 1:06:18
  I watched it twice to give you guys some good, you know, some,
• 1:06:21
  some quotes and tag lines here. But anyways, Nico, I know you
• 1:06:25
  watched it. What's your take away from this?
• 1:06:27
  Dude, so first of all, that is the most popular present in the
• 1:06:30
  Americas, right? I don't think that's a
• 1:06:32
  coincidence that the society that fixed the base layer of
• 1:06:36
  society is a peaceful society, right?
• 1:06:41
  The president actually does what he's elected to do.
• 1:06:45
  I don't think that's a coincidence.
• 1:06:47
  I do not think that's a coincidence.
• 1:06:49
  I think it's completely related. 100% because Bitcoin fixes the
• 1:06:56
  incentive structure problem. The issue Washington DC is not
• 1:07:02
  incentivized to do good by the country.
• 1:07:05
  He said it like America's a superpower manifest destiny
• 1:07:09
  right? Literally like from coast to
• 1:07:10
  coast, isolated, has oceans in between so it can't get attacked
• 1:07:14
  by another country, has tremendous amount of natural
• 1:07:17
  resources. And why why the the moral decay
• 1:07:21
  of society? Why do you have these?
• 1:07:24
  You know why the end the why the fuck is all this happening?
• 1:07:27
  Well, it's decadence #1 and #2 it's the money printer.
• 1:07:33
  That's why Bitcoiners say fix the money, fix the world.
• 1:07:35
  And it is in I, I love the pact that the, and, and, and I want
• 1:07:39
  to be respectful to, to some of you guys, right?
• 1:07:42
  But the part where he said spiritual war, right?
• 1:07:45
  There's a spiritual component to Bitcoin.
• 1:07:48
  I don't know what it is, but the general trend that I've seen in
• 1:07:52
  in people is that they adopt A Bitcoin standard and it heals
• 1:07:57
  them spiritually in a way, right?
• 1:07:59
  Like Fiat, I think degrades the spirit.
• 1:08:01
  There's something inherently corrupt about it.
• 1:08:04
  And people underestimate how much money plays a role in their
• 1:08:10
  lives. Like we, I think inherently know
• 1:08:12
  when we say something like, oh, don't talk about money, it's
• 1:08:15
  ugly. They're talking about Fiat.
• 1:08:18
  Like Fiat is ugly. Like it's, it's something very
• 1:08:21
  ugly to talk about. Bitcoin is very hopeful to talk
• 1:08:24
  about. It's pretty.
• 1:08:25
  It's it's equal, right? Like there it's you.
• 1:08:29
  We talk about Bitcoin every day. We don't get tired of it.
• 1:08:31
  We don't feel nasty, we don't feel icky, right?
• 1:08:34
  And you kind of see this like degen and dis degradation and
• 1:08:39
  not only like Fiat money, but also in shit coins.
• 1:08:44
  And I and I and I think that they have something in common.
• 1:08:47
  And look, if you guys are new to this channel, like we're
• 1:08:50
  libertarians, you can buy whatever you want.
• 1:08:51
  That's up to you. You can buy GameStop, buy
• 1:08:54
  Ethereum, that's totally up to you.
• 1:08:56
  I don't, I don't care, right? But the general trend trend that
• 1:09:01
  I've noticed is on all these things, they can change the
• 1:09:06
  rules, they can inflate the supply, therefore debase what
• 1:09:10
  you have Bitcoin, you can't do that.
• 1:09:14
  You cannot change the rules to benefit yourself.
• 1:09:18
  And that I think when you have like an uncorruptible money,
• 1:09:23
  it's like the pun is totally intended there.
• 1:09:27
  I think good things happen. I think the human condition
• 1:09:30
  improves. I think society improves.
• 1:09:34
  And I think Buchele is a manifestation just like, just
• 1:09:41
  like Roaring Kitties is a manifestation of the degradation
• 1:09:44
  of Fiat society. Naeem Buchele is a manifestation
• 1:09:48
  of a society on a Bitcoin standard, full stop.
• 1:09:55
  Like that's what Bukili is. And Roaring Kitties is the exact
• 1:10:00
  fucking polar opposite of that. That is full Fiat degen
• 1:10:04
  manifestation of the corruption to the core of Fiat and a system
• 1:10:11
  on Fiat. Like, it is so crazy to me that
• 1:10:16
  there's an infinite fucking money glitch, right?
• 1:10:21
  And all these companies are finding out about it.
• 1:10:23
  And then the very thing that made the Fiat system, the Fiat
• 1:10:27
  system, this debt based system is going to be the demise of the
• 1:10:30
  debt based system because it's being used against it.
• 1:10:33
  And how long until they change the rule?
• 1:10:35
  Because that's what they love to do.
• 1:10:37
  As soon as shit starts going against them, they change the
• 1:10:39
  rules to benefit themselves. And what if you don't have the
• 1:10:43
  ability to do that anymore? What if you don't have the
• 1:10:46
  ability to print money anymore? How is the government going to
• 1:10:50
  afford the wars? How are they going to afford
• 1:10:53
  that? How are they going to afford the
• 1:10:54
  tanks? How are they going to?
• 1:10:56
  They can't pay for it. You know what happened in the
• 1:10:58
  Middle Ages when the king ran out of gold?
• 1:11:00
  You know what happened to the armies?
• 1:11:02
  They all went home. Isn't that like an indication?
• 1:11:05
  It's like, do people actually give a fuck?
• 1:11:09
  No, I think human beings are simple.
• 1:11:11
  I think human beings want to raise a family, eat good food,
• 1:11:15
  have a good time, go home, go to sleep, do it the next day, live
• 1:11:19
  a good life. I think we are very simple
• 1:11:21
  creatures. But I think Fiat gives the power
• 1:11:25
  to the absolute psychopaths in society and it gives them a God
• 1:11:30
  like of power of being able to create money for free that
• 1:11:33
  everyone else has to work for. And then they come up with all
• 1:11:36
  these fucking insane ideas of endless war.
• 1:11:40
  Like think about the last century.
• 1:11:42
  Ron Paul's quote is so resonating, right?
• 1:11:46
  It's not a coincidence that the last century was the most the
• 1:11:49
  the the century of central banking was the bloodiest
• 1:11:52
  century in human history. I don't think that's a
• 1:11:55
  coincidence. I don't think it's a coincidence
• 1:11:57
  that Nayan Bukele is the most popular president in El Salvador
• 1:12:01
  made Bitcoin legal tender. I don't think it's a coincidence
• 1:12:04
  that you have, you know, again, please put the political
• 1:12:08
  commentary aside because I can care less.
• 1:12:10
  But you have, you know, the current president of the US
• 1:12:13
  right now that questionably shot him, shot his pants on stage
• 1:12:17
  questionably. I can totally say that because
• 1:12:19
  they totally hate Bitcoin. So that's fine.
• 1:12:22
  I don't like politicians that hate Bitcoin, but you know, like
• 1:12:27
  these are all, this is all extremely symbolic.
• 1:12:30
  All you got to do is just open your eyes and see the signs.
• 1:12:33
  It's right there that I have no doubt in my mind and I know for
• 1:12:37
  a fact Opti's going to agree with me that we are going
• 1:12:42
  through as, as the world, this spiritual warfare.
• 1:12:46
  Like I have no doubt in my mind that's what we're going through
• 1:12:49
  as a society. And and and Bitcoin insulates
• 1:12:51
  you from the degradation and the corruption of Fiat that is
• 1:12:56
  inherently connected to the bureaucracy.
• 1:12:59
  It's inherently connected to the system and Bitcoin insulates you
• 1:13:03
  from that shit anyways. Bro I may be seeing things that
• 1:13:07
  are not there but I'm making a lot of connections.
• 1:13:09
  Bro, I, I just want to add one thing and, and I think when you
• 1:13:14
  look at it this way and you compare Fiat currencies versus
• 1:13:17
  Bitcoin, if you study human behavior and psychology for,
• 1:13:23
  for, you know, the history of man, you understand one thing is
• 1:13:26
  that human behavior does have to get checked at a certain point.
• 1:13:30
  And if you have the infinite power of the money printer, then
• 1:13:33
  you can basically get away with anything.
• 1:13:34
  You're basically God on earth. And once that power is taken
• 1:13:38
  away, then you have to provide value to your fellow man.
• 1:13:42
  You're not able to rob people, you're not able to gain ultimate
• 1:13:44
  power. And that's what's happening.
• 1:13:46
  As Elaine always says in the chat, you know, Bitcoin is, is
• 1:13:49
  money of the natural law and it, it, that's what proof of work is
• 1:13:53
  all about. It's aligning our money
• 1:13:55
  structures, our, our financial world back to reality because
• 1:13:58
  right now we're completely untethered with reality.
• 1:14:01
  And you're seeing this play out with the politicians, you're
• 1:14:03
  seeing this play out with the degradation of our society, of
• 1:14:07
  our culture. And Bitcoin will fix this.
• 1:14:10
  It it's not going to happen overnight.
• 1:14:12
  It probably won't happen in just a decade, but it will start to
• 1:14:16
  fix this. And you're starting to see this
• 1:14:18
  happen. And you know, like Naibu Cale in
• 1:14:21
  Bitcoin country is a shining example on the hill, as Nico
• 1:14:24
  always says. And and, you know, I could only
• 1:14:26
  hope that we could one day get leaders that have the cajones to
• 1:14:31
  change the system without being afraid of having, you know, a
• 1:14:35
  little bit of pain in the short term.
• 1:14:36
  But maybe I'm a little hopeful here.
• 1:14:38
  But anyways, Nico did Friday and we're going to get yelled at if
• 1:14:41
  we don't do a memes. But I actually enjoyed this
• 1:14:43
  Nico. We're going to have to keep
• 1:14:44
  doing some more social commentary on.
• 1:14:46
  This social commentary is the best.
• 1:14:47
  If you guys enjoyed it, please let us know in the comments.
• 1:14:49
  We guys, we thrive on your feedback, so please let us know
• 1:14:53
  if you guys enjoyed it or not. Let's check out the memes.
• 1:14:57
  Opti's Friday meme review. Roaring Kitties is we're taking
• 1:15:07
  the mantle back in terms of degen Ness, OK, And the way that
• 1:15:11
  bit pointers degen is by making memes.
• 1:15:16
  So what are we looking at Opti? What is this?
• 1:15:18
  Is that a piece of art? Yeah, this is a great meme.
• 1:15:22
  It's a little bit of both. It's all memes all the way down.
• 1:15:24
  But you guys know the deal. We missed it last week, but we
• 1:15:27
  gave you 2 this week so you can't yell at us too much.
• 1:15:31
  But as we always say, you guys are frontline soldiers in the
• 1:15:34
  information war playing out on the Internet.
• 1:15:37
  Tweets or the bullets, memes or the artillery.
• 1:15:39
  Remember to ridicule the corporate press, to shame the
• 1:15:44
  politicians and central bankers into trying to get you into a
• 1:15:46
  digital dystopia and make some funny so your friends head stay
• 1:15:49
  in the game but also get the calls of action out there.
• 1:15:52
  Bitcoin is hope and I don't know, I speak in memes and
• 1:15:55
  sometimes memes just hit me in the fields guys, but I'm gonna
• 1:15:59
  cover these memes. Drop your meme score in the
• 1:16:02
  chat. The meme score is a meme in
• 1:16:04
  itself. But anyways, I really like Alan
• 1:16:08
  Watts. Alan B Watts's tweets recently.
• 1:16:11
  He's been doing a great job and I absolutely love it.
• 1:16:13
  So yes, this looks like a piece of art and eco, you know, it
• 1:16:16
  looks like, I don't know if this is Greek.
• 1:16:18
  It looks like it's a Greek Greek structure and there's like a
• 1:16:22
  maybe a dude. Yeah, it's like, is he holding
• 1:16:25
  Bitcoin on top of his head? He's got laser eyes.
• 1:16:27
  Anyways, he, and This is why I brought it up.
• 1:16:30
  This is a tweet. Save in Bitcoin and focus on
• 1:16:32
  your craft. This is what we said on the
• 1:16:34
  whole show, and this is what everyone is starting to wake up
• 1:16:37
  to that you don't have to become a financial advisor to survive
• 1:16:39
  in today's day and age. All you have to do is provide
• 1:16:42
  value to your fellow man and save in Bitcoin and, you know,
• 1:16:46
  live. A good life Earn in Bitcoin.
• 1:16:48
  Save and earn in Bitcoin. OK, this next one is just
• 1:16:51
  absolutely incredible because this is me and Nico all week.
• 1:16:54
  Shout out the ghost of Whitman on Twitter and it goes hashtag
• 1:16:57
  BTC. We're back and we got Nico over
• 1:17:00
  here just dejected just absolutely destroyed.
• 1:17:04
  You know, we've been saying all week, we're not.
• 1:17:06
  We're bored at this price movement anyway, we.
• 1:17:08
  Can't deal with it anymore. Just the NPC Wojack looking at
• 1:17:11
  the computer screen, it's like plus 2%.
• 1:17:14
  We're just destroyed. We just went through the burner,
• 1:17:16
  you know, went through a a horrible bear market and we're
• 1:17:20
  so back. We're so back and yet we're
• 1:17:22
  bored. And on that point, Chen it to my
• 1:17:24
  boy Ben, he goes, I see you have a nice currency there.
• 1:17:28
  It'd be a shame if I were to play Creed on repeat.
• 1:17:31
  Hashtag Bitcoin. We're going higher.
• 1:17:34
  It's going higher. This is I think this is is it
• 1:17:38
  the one minute chart, One hour chart?
• 1:17:40
  I don't know. I don't know.
• 1:17:41
  But anyways, it's going up forever.
• 1:17:43
  Number go up it's. Going.
• 1:17:45
  Higher it's going higher. All right this is this is me and
• 1:17:48
  Nico again and everyone else in the chat shouts out the Mccaudle
• 1:17:50
  face and we got Sydney Sweeney here and I think this is what's
• 1:17:54
  it euphoria and she's crying and being like I'm good.
• 1:17:57
  Anyways it goes Bitcoin is sitting near all time highs and
• 1:18:00
  she's crying and freaking out. She's like, I have never ever
• 1:18:03
  been happier. I I.
• 1:18:04
  Feel good? A manifestation of Fiat, right?
• 1:18:08
  It's right there on the screen, yeah.
• 1:18:10
  I swear I'm not in pain. I'm not in pain right now.
• 1:18:12
  This is great. I'm good.
• 1:18:14
  Like man, so much symbolism and all this.
• 1:18:17
  Okay, next one shout. Out the thoughts everyone, it's
• 1:18:20
  so obvious it's shouting up to. Dennis Hodel AKA Zined Hodel on
• 1:18:25
  Twitter and he goes Boys will be boys.
• 1:18:27
  Hashtag Bitcoin. Yeah, we got.
• 1:18:29
  I don't know what this is like maybe a Roman or Greek warrior
• 1:18:32
  here looking very regal here in the midst of battle and it goes
• 1:18:38
  or conquering battle and it goes how my grandchildren will
• 1:18:41
  imagine me fighting for Bitcoin in the 3rd and 4th epochs.
• 1:18:44
  Yes, boys, you don't stack sats for your first name, stack sats
• 1:18:48
  for. Your last name I saw this is
• 1:18:50
  kind of reminds me of like I saw something the other day, right?
• 1:18:55
  Which is this this very important concept that after you
• 1:18:59
  die, you will be forgotten within two generations or a
• 1:19:04
  generation, right? I don't think so.
• 1:19:07
  And the reason for that is simple.
• 1:19:11
  Now there's the Internet. What you do lives on forever,
• 1:19:14
  right? And it will always echo an
• 1:19:16
  eternity, right? So, so like it's just like I
• 1:19:25
  think with with these types of things like this imagery, right,
• 1:19:29
  Like this person didn't exist, but I guess it was like what
• 1:19:32
  they perceive the Greeks to be like if you think about the
• 1:19:35
  battle 300, like, you know, and then they they comic book it and
• 1:19:39
  they make like the movie 300 and then like the actual battle was
• 1:19:42
  different and whatever. But like kind of like Alexander
• 1:19:45
  the Great, like the mythology of it lived on.
• 1:19:49
  Everything we do is kind of documented at this point.
• 1:19:52
  Like there's a video like like the videos aren't going away,
• 1:19:56
  right? Like especially if the thing
• 1:19:58
  isn't like if The thing is popular enough, like and the the
• 1:20:03
  Internet continues to persist and exist.
• 1:20:06
  Like none of this is going away. So why am I saying all this?
• 1:20:09
  Why am I going on this tangent? Well, what you do now right in
• 1:20:14
  terms of your stacking and your whatever, your great, great,
• 1:20:18
  great, great, great, great, great great grandchildren.
• 1:20:23
  We'll be able to look at you like like in video like see you
• 1:20:28
  talking about Bitcoin when this thing was at $70,195.
• 1:20:36
  So when we. Say Granddaddy was an absolute
• 1:20:38
  legend. Like it, It's crazy, right?
• 1:20:41
  Like if we're right about Bitcoin, this thing persists,
• 1:20:44
  You know, this thing lasts 1000 years or whatnot.
• 1:20:47
  Yeah, I mean, it's gonna be nuts.
• 1:20:50
  What's Nika? Sorry, I don't mean to cut you
• 1:20:52
  off, but what's that one quote? It's something on the lines of
• 1:20:57
  your words and your actions echo into Infinity, and it kind of
• 1:21:02
  goes back to everything we say here on the show.
• 1:21:04
  It's like you as an individual, you may think you have no voice,
• 1:21:08
  no power, but your behavior on a day-to-day basis does affect
• 1:21:13
  what happens into the future. And just remember your role in
• 1:21:16
  in the future and in building a better world.
• 1:21:18
  Like we all have that power now. Bitcoin has given us that power
• 1:21:22
  anyways. Because sorry, No, no, no.
• 1:21:24
  Just great, great. OK, I do have a few more and
• 1:21:27
  this one these I added these kind just kind of because of all
• 1:21:30
  the things going on in GameStop. Shout out to the BTC therapist
• 1:21:34
  and he goes the financial system is broken and we have roaring
• 1:21:37
  Kitty here and I I forget what is Reddit name it's like deep
• 1:21:40
  value something anyways, he goes with the GameStop guy roaring
• 1:21:44
  Kitty goes post his trading positions.
• 1:21:46
  It's market manipulation and then we got Nancy Pelosi here
• 1:21:49
  makes 1,000,000 insider trading and it's completely normal.
• 1:21:52
  No, no, nothing's going on here. I don't I don't know you know,
• 1:21:55
  just let's let's get roaring Kitty in jail and on the Senate.
• 1:21:59
  But let's you know let's not talk about the fact that Nancy
• 1:22:02
  Pelosi is the greatest trader of our generation.
• 1:22:04
  All right, this next one, shout out to Marty Ben, this one just.
• 1:22:07
  This is posted while we went live I.
• 1:22:09
  Saw it popped up and so you know, here's I guess the live
• 1:22:12
  stream. I we were live so I wouldn't
• 1:22:14
  been able to. See 112,000 people watching live
• 1:22:18
  just to kind of give you guys an idea of how dead the mainstream
• 1:22:23
  media is and how you are now. The media that is more views
• 1:22:27
  than CNN or CNNBC or all these professional the news channels
• 1:22:34
  gets on an average basis. This guy in a fucking like just
• 1:22:39
  sunglasses talking about a GameStop like was getting is
• 1:22:43
  getting more views right now. That's the same case with Tim
• 1:22:47
  Poole. It's the same case with Joe
• 1:22:48
  Rogan. It's the same case with Mr.
• 1:22:50
  Beast, right? The Internet is now you are now
• 1:22:54
  the mainstream media and on you it is you.
• 1:22:57
  It is no longer CNN. It's no longer Fox News.
• 1:22:59
  Anyways, I just want to say that.
• 1:23:00
  Yeah, no, that was great. All right.
• 1:23:02
  So before. Before, before I read the post
• 1:23:04
  for the audio listeners, let's let's zoom in on on our Kitty
• 1:23:08
  right here. I just.
• 1:23:09
  Like do mad drugs. Like she's a billionaire and
• 1:23:11
  he's like, let me just buy this fucking mansion.
• 1:23:13
  Start fucking popping, Perkins. Incredible, incredible.
• 1:23:17
  Well, on that main Marty bank, this guy's been on a three-year
• 1:23:20
  long accent. Tree like he looks like he's
• 1:23:22
  taking. Mad drugs.
• 1:23:23
  Let's go on. Let's get Ghost of Women a
• 1:23:25
  second one, because this is my queen.
• 1:23:34
  Oh man, I'm reminded of the the quote that Elano he says.
• 1:23:40
  You know, the the most likely outcome is the most hilarious
• 1:23:43
  one. And man, this is absolutely
• 1:23:45
  incredible. Absolutely incredible.
• 1:23:47
  All right, guys, drop your meme review score in the chat as we
• 1:23:50
  cover ours live. I completely forgot to get a
• 1:23:54
  score. Sonika, you got to go first.
• 1:23:56
  I'm going to give it this extremely fancy journal.
• 1:24:01
  That's my score. Fancy journal.
• 1:24:05
  Anyways, Opti, what would you give those memes?
• 1:24:07
  OK. I I'm gonna give it these epic
• 1:24:11
  Crocs that Nico is jealous of. I am.
• 1:24:13
  Super jealous of those. Those.
• 1:24:15
  Are so I would wear those every. I mean, I wear Crocs every day,
• 1:24:18
  but I would wear those specific Crocs.
• 1:24:20
  Well, the best part about this is I didn't actually buy them
• 1:24:22
  and there were a gift, but they're lit.
• 1:24:24
  Opti is Opti is stylish if you meet him in person.
• 1:24:27
  I am. I'm black or white, so like I'm
• 1:24:30
  either. If I'm at home comfortable I
• 1:24:32
  look like a homeless dude if I'm out and about.
• 1:24:35
  Miko literally looks like this every.
• 1:24:37
  Day every every other dress 'cause I grew up in Miami so I
• 1:24:41
  know how to dress. No, no, only Niko.
• 1:24:43
  Only if it's like an important event will you dress well.
• 1:24:47
  Every other time, Niko is in a hoodie, basketball shorts and
• 1:24:50
  Crocs. OK, comfort over everything,
• 1:24:54
  man. That's that's my life right now.
• 1:24:56
  Anyways for? Anyone who's not for anyone
• 1:24:59
  who's new to simply Bitcoin first of all, shout out to you,
• 1:25:01
  bro hope hope you subscribe or gal appreciate it and if you're
• 1:25:06
  new to the meme review, what you do is you drop your meme score
• 1:25:09
  in the live chat and we'll read it loud on air.
• 1:25:12
  All right, Opti, let's do this, OK?
• 1:25:16
  Opti bastardo, poor son of poor of poor dad, Opti field.
• 1:25:20
  Oh my God. Score Dad wants to get beers
• 1:25:23
  this weekend and get to know your son.
• 1:25:29
  All right, Soshi Satoshi meme score is a healthy dose of 1990s
• 1:25:34
  dad rock to get this bull markets rolling alone.
• 1:25:36
  Thank you. Yeah, that's 2002, I think.
• 1:25:39
  Elaine, a meme is the truth. A meme can never lie.
• 1:25:43
  If it does, it's not a meme, it's just an ad.
• 1:25:47
  So true. SPI give the memes Nico's
• 1:25:49
  passport by Foundation hardware wallet.
• 1:25:51
  Yeah, absolutely this knock. Nobody should have the right to
• 1:25:56
  print money that another man has to twerk for.
• 1:26:02
  That is so funny. Robert Schmidt, a one year
• 1:26:05
  subscription to Nancy Signal Group.
• 1:26:07
  Oh man, it's, it's so great, so great.
• 1:26:09
  So great. OK, I just killing it.
• 1:26:11
  I OK, we got a few over on Rumble, shouts at the Idol
• 1:26:16
  thread. He goes meme score Rory.
• 1:26:19
  Oh man, Roaring Kitty's monthly subscription for Bum Bum
• 1:26:23
  renewed. OK tacos score anything but
• 1:26:26
  Creed please. Not like this.
• 1:26:28
  Not like this. Oh, man.
• 1:26:30
  All right. Well, guys, thank you so much
• 1:26:32
  for tuning into somebody. Honestly I'm going to do a hot
• 1:26:35
  take here. Not a fan of Creed at all.
• 1:26:39
  But hey, you don't. You don't want them to take you
• 1:26:41
  higher. I do want them to take us
• 1:26:43
  higher, but I, I do have two last things I want to say, Nico.
• 1:26:47
  First off, the Oilers are going to be the Panthers.
• 1:26:51
  They're America's team now We have, we have, we have
• 1:26:56
  confidence Canadians, they are American now we we have taken
• 1:27:01
  them. We have, yeah, we have a SERP,
• 1:27:04
  the Canadian team and they're America's team.
• 1:27:06
  Now I'm wearing the hat 'cause I lost the bet to the Bitcoin.
• 1:27:09
  Well, guys. A little bit a little bit of
• 1:27:11
  context because this is absolutely hilarious.
• 1:27:14
  So first of all, like the Panther Stadium was like 20
• 1:27:19
  minutes away from my house. Like it's super close.
• 1:27:21
  Like like I always knew that Florida had a hockey team, but
• 1:27:24
  like I didn't care about hockey. And then we hang out with the
• 1:27:27
  awesome guys over at Bitcoin. Well, incredible team and of
• 1:27:31
  course, you know they're from they're from Canada and Canada
• 1:27:34
  is super, super like it's the sport in like it's the sport,
• 1:27:38
  right. And we saw a hockey game and it
• 1:27:41
  was fucking awesome. Now I'm a huge hockey fan, but
• 1:27:44
  what are the chances that the Oilers, which is the Bitcoin
• 1:27:47
  well team because they're from Edmonton, go against the
• 1:27:51
  Panthers, which is obviously like the Miami team 'cause
• 1:27:53
  that's what's close by. Those are the two teams in the
• 1:27:56
  finals. What are the probability of
• 1:27:57
  that? Not very high, which I find
• 1:28:00
  absolutely hilarious and of course, Opti lost the bet, which
• 1:28:03
  is why he's willing wearing the Oilers hat.
• 1:28:06
  I gotta say though, like you know, I love the Panthers go
• 1:28:08
  Panthers right and there's palm trees and stuff, but like the
• 1:28:11
  Oilers brand is badass. I think it's.
• 1:28:13
  Pretty cool. No?
• 1:28:14
  No go stars, go stars. What are the colors for the
• 1:28:17
  stars? It's green, Black.
• 1:28:20
  Yeah. Go Stars.
• 1:28:22
  I don't like that's green, that's.
• 1:28:23
  Go stars, let's pull the Oilers. Orange bro.
• 1:28:27
  It's there's there's orange in the in the face.
• 1:28:30
  And the last thing I wanted to say today is go subscribe, go
• 1:28:35
  check out simplybitcoin.substack.com.
• 1:28:37
  We're dropping fire our our rider. 4000 subscribers No.
• 1:28:41
  Yeah. We, we wanted to push that
• 1:28:43
  today. We're going to do, I believe
• 1:28:45
  this next week we're going to do kind of like a greatest hits of
• 1:28:48
  all, all the written stuff. We're going to put it into one
• 1:28:50
  for you so you don't have to search for everything.
• 1:28:52
  But yeah, go check out our sub stack guys.
• 1:28:54
  We drop you. It's it's kind of becoming a
• 1:28:56
  running narrative every Monday of kind of like our our in house
• 1:29:02
  rider of what he's seeing and different takes on what's going
• 1:29:06
  on. So go to
• 1:29:07
  simplybitcoin.substack.com and. It'll simply Bitcoin dot news
• 1:29:10
  and it'll. Take Oh yeah, simply Bitcoin dot
• 1:29:11
  news OK. And the last thing is guys, eat
• 1:29:15
  some good food, get outside, enjoy, enjoy, enjoy.
• 1:29:18
  Take a walk. Yeah, get, you know, get a
• 1:29:21
  little exercise in hang out with your friends and family.
• 1:29:23
  You know, the person you're yelling at on Twitter will be
• 1:29:25
  back when you come back. So get outside, touch some
• 1:29:29
  grass. Really appreciate you guys.
• 1:29:31
  We love you. We'll see you on Monday.
• 1:29:32
  Absolutely guys, thank you so much for tuning in this week and
• 1:29:36
  make another another week historic week in Simply Bitcoins
• 1:29:39
  history. Appreciate all you guys.
• 1:29:41
  This is your episode for June 7th, 2024.
• 1:29:44
  I'm your host Nico. As my legendary Co host Optimus
• 1:29:46
  feels we're Simply Bitcoin. Have an amazing weekend
• 1:29:49
  everybody, and we'll see you Monday for the Monday show of
• 1:29:51
  Simply Bitcoin Live Peace Out. This episode was brought to you
• 1:29:56
  by bitcoinwell.com on a mission to enable independence.