Latest / Simply Bitcoin / Does the Ukraine Conflict Affect Bitcoin? | EP 439

Transcript

Does the Ukraine Conflict Affect Bitcoin? | EP 439 · Simply Bitcoin

• 0:00
  I don't believe sufficient evidence of a good money against
• 0:04
  before we take something out of the hands of governments.
• 0:08
  Welcome back everyone. We're simply Bitcoin.
• 0:10
  We break down the news. The daily fail mean review.
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  plebs joining us today. Fellow Bitcoin our managing
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  director at BTC. Social media wizard at slush,
• 0:25
  pool, and brains and the host of this is Bitcoin.
• 0:30
  I'm talking about Bitcoin Gandalf.
• 0:33
  He's joining us but right now we're diving into the numbers.
• 0:36
  Let's do it. Brought to you by Bitcoin 2022.
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• 1:09
  At the time of this recording. The block head is seven hundred
• 1:11
  twenty four thousand seven hundred eighty nine the Bitcoin
• 1:13
  price 30, 8455 chain, rewrite days, 687 total public lightning
• 1:20
  capacity, 3450 4.75 Moscow time 2600 three blocks to The
• 1:28
  Happening 115,000. 211 and the samurai Whirlpool unspent
• 1:34
  capacity, 4338 dot 53. And for those who don't know,
• 1:40
  Samurai Whirlpool is a collaborative spend or coin join
• 1:44
  service Nico, the numbers, the numbers, it's good that we take
• 1:49
  advantage of that. The samurai Whirlpool, we have
• 1:52
  to say that as much as possible, because since we're entering
• 1:56
  the, then they fight you stage, they're definitely going to try
• 1:59
  to make that illegal. Sure like facts.
• 2:02
  So you know what? Somebody pointed that out today
• 2:04
  in the chat and they're like, well look, you know, they can't,
• 2:06
  they can't actually make it illegal.
• 2:08
  And I said, you know what, you know what they can do, they will
• 2:10
  go after to the depths, they will.
• 2:12
  So yes, they go after the devs and I said, you know what, I go,
• 2:15
  you may be right? And it's a good point but they
• 2:18
  can demonize it like crazy. Yeah.
• 2:20
  Right. And that's all it.
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  Writes. Perception is reality.
• 2:23
  Even if it's not true, I think we're in this weird transition.
• 2:28
  Phase phase. Where governments are going to
• 2:32
  have to come to terms with the fact that they can't control the
• 2:37
  money system to their advantage. The way they've been used to
• 2:40
  doing for the last century, really, right.
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  Since really, since I mean, in the Central Banking has been
• 2:47
  around in Europe for a longer than that.
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  But in the u.s. is what's this 1913, right?
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  Essentially, it's just centralized more and more
• 2:53
  control, the bank, secrecy act, the Patriot Act, it just every,
• 2:57
  every iteration just keeps getting more and more.
• 3:00
  Centralized. So we're this transition, dude.
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  It's gonna be chaotic and I actually have an article during
• 3:06
  the news that we're going to talk about that a little bit as
• 3:09
  well. But before I get to that, I have
• 3:11
  very special video that I want to play before we before we get
• 3:18
  to the next section. Check this out.
• 3:20
  This is Charlie, Munger he is for anyone who doesn't know.
• 3:25
  He's like the second hand man of Warren Buffett, right?
• 3:28
  It's him. And Warren Buffett that run
• 3:31
  Berkshire. He, you know, he's an investing
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  Legend. He also said right, which we
• 3:36
  covered when they came out, he also was a big fan of the
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  Chinese Communist party and how they did things.
• 3:42
  He also specifically said that he hated Bitcoin and that it was
• 3:45
  a terrible way for Humanity but he also said this, I'll just
• 3:50
  check out the video. The saving some shouldn't burn
• 3:53
  investor is that or the next 100 years?
• 3:56
  The currency is going to 0 That's my working hypothesis.
• 4:03
  So up offices. What's crazy about that right?
• 4:06
  Is that you have a man that's critical of Bitcoin but also
• 4:10
  admits that the money is a scam and he's a smart guy.
• 4:13
  Okay, so and we've talked about this for a very long time,
• 4:16
  right? Most people don't have the means
• 4:19
  to save in equities and real estate to escape, you know, the
• 4:24
  fucking the inflation, the hidden tax of inflation, most
• 4:27
  lower class and middle class lower middle class people.
• 4:30
  They say even cash, right? So essentially, when the
• 4:33
  government prints money, it's a redistribution of wealth from
• 4:36
  the lower and middle classes to, you know, the top the top of the
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  economic pyramid and the state right.
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  It's essentially it's this whole fucked-up redistribution of
• 4:47
  wealth. So the really fucked up part
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  about this is that he wants to make the u.s. more like China
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  second part. Is he hates Bitcoin and third
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  part, it third part, which makes All of this worse is that he
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  knows that Fiat is a scam and he still hates it.
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  That that is, if you open the dictionary and you turn to
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  concealing are, if it existed it would be a picture of Charlie
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  Munger it's set in stone anyways.
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  Phil, what are your thoughts on this as you were?
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  As you were explaining that I was trying to figure out how
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  many companies Berkshire Hathaway owns because Berkshire
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  Hathaway is essentially an index in itself.
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  Why am I looking this up? Because you see his position on
• 5:29
  the Or listen him people like him and and Warren Buffett.
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  Don't give a shit. What happens to the dollar they
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  own? So many companies that produce
• 5:40
  things that human beings need every single day.
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  It's irrelevant to him how what money anyone is using because
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  you're going to have to, you're going to have to pay to use the
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  essentially the the products and services that Berkshire Hathaway
• 5:56
  owns. So to him, it doesn't matter.
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  They own it. They own the majority and we'll
• 6:02
  save some of the highest-quality.
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  Quote-unquote Assets in the world besides Bitcoin, of course
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  right. They don't own Bitcoin because
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  Bitcoin is rat poison because it goes it essentially makes people
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  like him obsolete. So you know like it's like he's
• 6:17
  actually he's used the Fiat system to his advantage to
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  borrow Trevor cheapening money to own ever more profitable
• 6:25
  corporations. So he likes this game, right
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  him. And Warren are experts at this
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  game. So anyways to me I mean look
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  it's what he's saying is true but we also have to remember
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  where he's coming from, you know, and that's why he can
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  safely say it from his Ivory Tower.
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  He doesn't care what happens to it dude.
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  He is a definition of a continuing are like you see him?
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  He's Live In the Flesh, he's right there.
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  But anyways I'm gonna pass it on live in the Shia we have
• 6:52
  Gandalf. What's up bro?
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  What's going on guys? Thanks for having me on.
• 6:58
  Thank you for joining us. Yeah, so on this.
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  So I don't know if I've spoken about this before, but I was a
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  huge. I was obsessed with Warren
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  Buffett. When I was a teenager, he was
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  like one of my heroes. So I my mom gave me the book
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  Rich Dad, Poor Dad. When I was 14, and I read that.
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  And that obviously leads you down the rabbit hole of, like,
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  you need to invest in assets that put money in your pocket
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  and blah blah, blah, right? And the thing is just occurred
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  to me, you know, hearing Charlie Munger speaking describing, you
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  know, he knows Fiats going to 0, but his solution is invested in.
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  Spawns, right? And and that's the same thing
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  that I learned. When I was a teenager, I was
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  like, you need to learn to invest and, and it's what
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  Society drills down into use, like, you make money, and then
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  you turn that money into either real estate, or stock
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  Investments, or whatever else. Like, why hasn't anyone at the
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  at this stage? Like, why hasn't anyone to set
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  instead of like trying to take these secondary actions to
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  protect people's purchasing power and people's wealth?
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  Why haven't they gone to the root?
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  Cause of the problem, which is the Fiat money and said like,
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  you know, Instead of trying to make everyone an investor or a
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  real estate investor or stock-picking expert, why not
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  just say actually it's Fiat, that's broken, you should be
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  able to earn money and save that money for the future and not
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  have to become, you know, a carpenter and an investor, or a
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  plumber, and an investor, or a truck driver and an investor.
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  Why not just a truck driver and then you save your money and
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  that's it. Like so it seems it's
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  unbelievable to me that people like Warren Buffett and Charlie
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  Munger Don't understand that. The problem is the money and it,
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  you need to fix the root problem.
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  Not come up with a secondary solution that doesn't fix it,
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  right? And I just, it seems bizarre to
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  me, but one Buffett and Charlie Munger also famously, like not
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  real, not fans of gold. I remember reading that they
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  didn't, I think Warren Buffett has any gold at one stage but
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  for or maybe silver for a little bit but, you know, because it's
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  not. It's this whole thing again.
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  It's like it's not a productive asset.
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  Well, do you understand money? It's not used to be a productive
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  asset. It's the same with with crypto
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  people, right? But it doesn't do anything.
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  It's not productive. I want to put it in get yield.
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  No that's not how it works. Yeah.
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  Right go ahead till I was quickly just going to say yield
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  of course is not the is not the actual use case of the shit coin
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  products, right? It's the rug pull.
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  The thing is just to get the yield is just a separate you
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  from your money but the real use cases the rug pull in the exit
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  scam. So well, I mean the only people
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  who are getting rich in crypto the ones like that are creating
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  the tokens out The narrow and selling them to naive People
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  based on promises that they're going to get rich quickly.
• 9:37
  Dude, you touched upon a really great point, right?
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  And Parker Lewis actually, wrote an amazing article called the,
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  the great D financialization and essentially he's making the same
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  argument. That if you're essentially, if
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  you have a certain amount of wealth, you just to maintain
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  that wealth, you are forced to essentially gamble your Force to
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  buy. Buy real estate your Force to
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  buy equities because if you don't write, you keep your money
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  in Fiat. It's losing value over time.
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  So it's like you're forced to be a part-time investor and I think
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  you made a really good point. Why is that normal?
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  Why can't you just like work and then save for your wealth and
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  just put it for a rainy day. But it's like, no, you're forced
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  to invest it and that creates concealing errors and that
• 10:26
  creates these giant Wealth Management.
• 10:30
  That are essentially Giant Leeches because think about it,
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  it's like not that many people, you know, that if they certainly
• 10:36
  make a certain amount of wealth, they just they want to Outsource
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  the investing, they Outsource the investing to, you know,
• 10:43
  Morgan Stanley. If you're rich enough Goldman
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  Sachs, right. And what the fuck do they do,
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  right? You know, it's like, it's just,
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  it's all bullshit. It's just all bullshit.
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  It's all enabled by Fiat Bitcoin.
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  Absolutely fixes this. And it enables the average do Do
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  to save for a better tomorrow without having to take on risk.
• 11:04
  Really? That's the beauty of it.
• 11:06
  But anyways Phil it's time for the daily fail.
• 11:08
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  spreads. The link is down below ammo,
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  smart way, stuck sets. We've got two completely
• 11:27
  unrelated fails but they are both.
• 11:30
  Both strong fails in their own. Right.
• 11:32
  Let's dive right into it tagged by Lucky red fish in this one
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  having to do with the trucker Convoy and Trudeau and Canada
• 11:39
  and all that fun stuff that's going on over there.
• 11:41
  So here we go. Trudeau has ended the
• 11:43
  emergencies act. Would this be the reason?
• 11:46
  And would that make it a fail? It's a very good question.
• 11:49
  Lucky redfish. Very good question, what is he
• 11:52
  talking about? Let's take a look at this tweet
• 11:54
  here from Bitcoin Aficionado. Now, again, it's a tweet, I
• 12:00
  don't have any, you know, Source material besides this, but we're
• 12:03
  going to move on to an article about Trudeau in a second.
• 12:06
  And I do think that there's a very strong point here.
• 12:08
  Okay? So let's dive into this tweet
• 12:11
  Bitcoin. Aficionado said he was forced to
• 12:14
  buy the big Banks he and they're talking about Trudeau, halting
• 12:19
  the emergencies act. Okay?
• 12:22
  This Tweeter is claiming that he was forced to Halt it.
• 12:25
  By the five. Big Banks, I have contacts at
• 12:27
  the Royal Bank of Canada the transfer of funds.
• 12:30
  Out is off the charts. I have no knowledge of walk-in,
• 12:34
  mom-and-pop withdrawals, but transfers and Bank drafts are
• 12:37
  extreme. I've been told so being a
• 12:42
  Canadian, I know that there's there's only five National Banks
• 12:44
  and over there. There really aren't there isn't
• 12:46
  the type of banking system that we have here in the US.
• 12:49
  Like you don't really have too many credit unions and stuff
• 12:51
  like that Independent Bank's like over there.
• 12:53
  It's really predominantly the National Banks and don't get me
• 12:58
  wrong. But this kind of would Par for
• 13:00
  the course that the banks are telling the government what to
• 13:04
  do, 2008-2009 mortgage crisis, anyways.
• 13:08
  Alright let's let's let's move on to the actual article, right?
• 13:13
  Justin Trudeau revokes emergency powers used to Target.
• 13:16
  The freedom Convoy Trudeau received Fierce backlash for
• 13:19
  enacting the powers on a mostly peaceful protest.
• 13:22
  Jason Kenney, the premiere of the Canadian province of Alberta
• 13:26
  announced Saturday that he was suing the federal government of
• 13:29
  Canada and prime minister Justin Trudeau for their use of the
• 13:33
  emergencies act calling the move unjustified in the
• 13:36
  circumstances. The situation in Ottawa is
• 13:38
  serious Law and Order has to be restored, Kenny said, at the
• 13:42
  time, but the emergencies Act was designed to come into effect
• 13:45
  at the failure of the state in the event of a coupe or
• 13:50
  Insurrection that threatened to topple, Canada's Democratic
• 13:55
  institutions. However, there is no
• 13:57
  Insurrection or Coupe. Servant of members of
• 14:01
  parliament, Philip Lawrence also said that the wording of the
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  emergencies act, grants the federal government far-reaching
• 14:08
  authority to freeze. The accounts of people only
• 14:11
  tangent Lee involved in the protest.
• 14:14
  The debunking provisions are so broad that.
• 14:16
  Literally a clerk at a quicky Mart who sold a propane canister
• 14:20
  to a protester could have his accounts.
• 14:23
  Frozen Lawrence claimed is unclear what will happen to
• 14:27
  those arrested and when individuals will have Access to
• 14:31
  their bank accounts again. So, look, I think my personal
• 14:36
  opinion before we dive into the next fail.
• 14:38
  My personal opinion, is that he absolutely was pressured by the
• 14:42
  bank's because I saw a lot of activity, calling for Bank runs
• 14:46
  and calling for people to pull their money out of the banks as
• 14:49
  quickly as possible, and don't get me wrong, but that's the
• 14:53
  scariest thing to see your government.
• 14:54
  Starting to cease to seize and freeze bank accounts.
• 15:00
  Right away, you're going to be like, all right, I'm gonna go
• 15:02
  and pull up my money so I personally don't think that it's
• 15:06
  the pressure from the premier of Alberta that got him to because
• 15:09
  there were many people calling out what he was doing and then
• 15:12
  all of a sudden just changes his tune 180 degrees overnight, I'm
• 15:17
  pretty sure he got called by the people paying his bills.
• 15:21
  I'm pretty sure he got called by the people that he answers to
• 15:25
  even though it would seem as though, they answer to him.
• 15:29
  So you saying the Anchors. Control Canada.
• 15:32
  No, of course. Not, of course, not the central
• 15:34
  Bankers. Don't don't control anything.
• 15:37
  Yes. Oh, look, there's no way to
• 15:38
  confirm that, you know, that was the cause of it.
• 15:42
  However, I based on my own sources, got the same message,
• 15:47
  right? Is that he freaked out?
• 15:48
  A lot of people, there's going to be around 20% of Canada, that
• 15:52
  never trust the banking system again, right?
• 15:56
  And remember, one of the horrible things of this is that
• 15:59
  it was So when you donated These funds to the truckers, it wasn't
• 16:05
  illegal, right? But they still froze, people's
• 16:07
  accounts that donated retroactively.
• 16:11
  So they said after the fact if that was illegal.
• 16:14
  Now what you did back then was illegal and if you look at law,
• 16:18
  that's never. I'm not a lawyer.
• 16:19
  But, you know, from my research, right?
• 16:21
  You can't do that in law, right? Law becomes law.
• 16:25
  The moment that it's signed and everything after that is
• 16:27
  illegal, right? So so much Much nuts there.
• 16:32
  And I again, I wouldn't be surprised that he spooked so
• 16:35
  many people that so many people were just pulling their money
• 16:39
  out of the banking system. And if you guys know how the
• 16:41
  banking system works, it's not even for actually reserved
• 16:45
  anymore. Now we have a zero Reserve
• 16:47
  requirement. Meaning, if you put your money
• 16:49
  in the bank, the bank doesn't have to keep that money on its
• 16:53
  balance sheet in fax. It loans, it out to people, it
• 16:56
  makes interest on that loan and essentially what they have, He
• 17:00
  was a liability. So let's say you would draw
• 17:03
  money from a bank. The bank is liable to cover, you
• 17:06
  know, how much you're withdrawing.
• 17:07
  But the problem is, this is called a bank run.
• 17:10
  If everybody would draws their money at the same time, they
• 17:13
  don't have that money on hand, right?
• 17:15
  And especially, you know, it when it was for actually,
• 17:17
  reserved, it was bad. Now it's 0 reserved, meaning,
• 17:20
  they don't have anything, it's even worse, right?
• 17:24
  So it's just a hairy, very hairy situation and again, this is
• 17:27
  this is something called an unintended Consequence.
• 17:30
  And when you start a war or when you do these Brash orders, which
• 17:34
  is why they're called emergency Powers right to when they're
• 17:38
  truly forward emergency there's gonna be millions of unintended
• 17:43
  consequences that you're not even aware of, right.
• 17:45
  I think that there's a generation or poor population of
• 17:48
  Canada that's never going to trust the banking system again
• 17:53
  and I hopefully some of those find Bitcoin and hopefully they
• 17:58
  see that there's a much better Way, right?
• 18:01
  But I might be hopeful there. Let's see.
• 18:03
  Anyways, Gandalf. What are your thoughts on this?
• 18:07
  I think I'll kick it off with the money.
• 18:11
  Your money in the bank is no longer your money.
• 18:15
  In fact, it's not even there, like, you just pointed out Nico.
• 18:17
  So people should keep that in mind where the money goes in the
• 18:20
  bank. It's now the now the bank's
• 18:22
  money and it's not even actually there if everyone tried to
• 18:26
  withdraw their money at the same time, they would not be able to
• 18:30
  You know, there'd be cobwebs coming out of the ATM's.
• 18:34
  But, yeah, I mean, this this I was surprised by the Trudeau
• 18:38
  move and given their stance, you know, up until this point, it
• 18:43
  definitely seems like a forced reaction to something that's
• 18:47
  happened. Internally, I hadn't heard this
• 18:50
  this theory that it's because of the bank's putting pressure on
• 18:53
  him, but it makes complete sense.
• 18:55
  You know, if they're seeing massive outflows, particularly
• 18:58
  going to crypto exchanges, are you know, Buy Bitcoin and
• 19:01
  whatever else, I'm sure that that worries them I've heard
• 19:04
  stories as well of, you know, banked wanting to bring in
• 19:08
  in-house and allowing people to buy Bitcoin and whatever else in
• 19:11
  house because they see the outflows going to account on
• 19:15
  exchanges and people just pouring like billions and
• 19:18
  billions and billions of dollars into into buying
• 19:20
  cryptocurrencies. So it makes sense that, well,
• 19:24
  yeah. And act like that is actually
• 19:26
  pushing everyone towards money that which you can, you know,
• 19:30
  Would you can hold yourself? I wish I could have been a fly
• 19:33
  on the wall as Trudeau's getting told off the you know like a
• 19:37
  young child like a parent to a young child like what are you
• 19:39
  doing? And he's like no we should
• 19:41
  definitely do. We need to keep their badges.
• 19:42
  He's like, no take it off. So but so I've some Canadian
• 19:48
  friends who mentioned it could also be because it hasn't I
• 19:51
  think like the emergencies Act passed in the house, but then
• 19:55
  there's also has to pass in the senate or something like that.
• 19:58
  Some other Ver of Congress. I don't know if that's correct.
• 20:02
  I don't know that much about Canadian politics.
• 20:03
  And apparently, there was a danger that it would not pass,
• 20:07
  and so, obviously a terrible, right?
• 20:10
  So, he pulled it before they said, no.
• 20:13
  He's now saying, oh, it's okay. I'm doing this by, you know, the
• 20:16
  skin of my own, you know, what? It was the same as it was when
• 20:18
  it was, it was Matt, it was passed to the Canadian Senate
• 20:22
  and the Senate started asking they were started inquiring,
• 20:25
  whatever inquiries on, what was your justification for?
• 20:30
  For the emergencies act and a court.
• 20:33
  That's another reason or Theory as to why he pulled it as well,
• 20:37
  right? So I think it was just a
• 20:38
  combination of things, right? You go through Occam's razor
• 20:42
  right that thing, right? Just it's you know, it's
• 20:44
  obviously I think it was a combination of thing, the
• 20:47
  International Community. I think reacted savagely.
• 20:50
  I know that there was some communities in Canada, which
• 20:52
  happens to be on the left hand side, by the way, politically
• 20:55
  speaking, and they were speaking out against it.
• 20:57
  So I think that it was just a bunch of pressure I think he got
• 21:00
  what he wanted, right? He cleared out all the, all the
• 21:03
  dangerous bouncy house, houses, out of Ottawa, right?
• 21:06
  So you know, like at what point? Anyways, Phil what is the next
• 21:09
  fail? All right, let's dive into it.
• 21:12
  Here we go, let's dive into it. Let's dive into, let's dive into
• 21:16
  some some ridiculous nonsense. Here.
• 21:18
  We go at Nathan. See.
• 21:21
  Roth, this is wild and he's talking about a tweet Storm from
• 21:25
  Brian Armstrong. We are going to dive right into
• 21:27
  this. Some folks ask for details.
• 21:30
  Of how our Super Bowl ad came to be here is the quick back story.
• 21:34
  We bought it not we bought it, not knowing what we would do,
• 21:37
  initially an outside agency pitched us a bunch of standard
• 21:40
  Super Bowl ad ideas. I didn't like any of them
• 21:42
  standard Super Bowl ads tend to be gimmicky celebrity Cameo
• 21:45
  driven going for a laugh side note, it never made sense to me
• 21:50
  why I should like a product because a famous person got paid
• 21:53
  to say, they like it. So we went back and brainstormed
• 21:56
  came up with a bunch of wild ideas.
• 21:57
  Some of these will be some of these We will do down the road
• 22:02
  but didn't have enough time to produce.
• 22:04
  Think Apple 1984 some crypto native Stuff, Etc.
• 22:09
  We were running short of time a few weeks and one of the
• 22:12
  original ideas, we had included putting a QR code at the end.
• 22:17
  This was partially inspired by reddit's Super Bowl, commercial
• 22:20
  at previous Super Bowl. Key Insight was if you can only
• 22:23
  flash something on screen for a moment, people will Google it
• 22:27
  later. How do we get them from TV to?
• 22:30
  Phone to convert and here he gets a response from Kristen
• 22:34
  Cavallo which we're going to find out in a second who Kirsten
• 22:36
  is, was actually inspired by presentations.
• 22:38
  Our agency, showed your team on, 818 Pages, 19, to 24 and ten
• 22:42
  seven pages, 11 to 18 with ADD concepts for the Super Bowl with
• 22:47
  floating QR codes on a blank screen.
• 22:52
  Oh, yeah. Here we go.
• 22:53
  So Chris, it was, it was Chris 57k.
• 22:55
  Alum of the tightness in this and he goes I'd like to report a
• 22:58
  murder dude. That's so This is great.
• 23:01
  So hold on. So this Tweeter responds back
• 23:04
  Gene Gene roses. Something is wrong in this guy's
• 23:08
  brain. So here we go.
• 23:10
  I guess if there's a lesson here it's that constraints breed
• 23:13
  creativity and that is Founders. You can Empower your team to
• 23:16
  break the rules on marketing because you're not trying to
• 23:19
  impress your peers at adweek or wherever no Ad Agency would have
• 23:23
  done this ad and then Kristen responds again except an ad
• 23:27
  agency. Did that add okay.
• 23:30
  So hold on. So hold on.
• 23:30
  Right. Well you did some digging, huh?
• 23:35
  Okay, so so hold on a second. So here we go.
• 23:38
  So this is this is now we're going to go into the responses
• 23:43
  from Kristen and who Kristen, you know, who Kristen is.
• 23:46
  So Armstrong's tweets, drew a sharp response from Martin
• 23:50
  Agency, CEO Kristen Cavallo, who wrote back that her team had,
• 23:54
  originally pitched, the idea for the commercial to coinbase in
• 23:58
  meeting that Dated back to last August and we're going to show
• 24:04
  you that coinbase actually had hired, this marketing agency
• 24:08
  last May. So, the timelines totally fit
• 24:11
  out. Anyways, Kavala later, expand
• 24:13
  later, expanded on her reasons for calling out Armstrong in a
• 24:18
  LinkedIn. Post before we go to that post.
• 24:21
  Here's her Twitter deed. Here we go.
• 24:23
  Swashbuckling mama, takes her kids on International escapades,
• 24:26
  and the CEO of The Martin Agency, okay?
• 24:30
  Great. That part checks out this was.
• 24:32
  Unfortunately, there was no real news behind them, getting hired
• 24:34
  by coin basis because who gives a shit, but anyways, they did
• 24:38
  have it published themselves. So I just wanted to show May
• 24:41
  5th, 2021, coinbase names, The Martin Agency, its creative
• 24:45
  agency of record. Let's dive into her LinkedIn
• 24:49
  post. Here we go because she went on
• 24:52
  to explain why she responded back to Ryan Armstrong.
• 24:56
  Here we go. Yesterday, I responded to a
• 24:58
  tweet thread and my It's struck a chord perhaps.
• 25:01
  This is an opportunity to create positive change for the
• 25:04
  industry. My tweet wasn't about IP or
• 25:07
  credit. I understand multiple agencies
• 25:09
  can arrive at a similar idea. I objected to the dismissive
• 25:13
  tone of the thread and the denigration of ad agencies.
• 25:18
  I felt compelled to respond to the bravado of no agency would
• 25:21
  have done this ad, because in fact, an agency, did the purpose
• 25:25
  of my response was to stand up for agencies and creatives and
• 25:29
  the value we We provide advertising is seen by everyone,
• 25:33
  but not everyone is cable capable of creating effective
• 25:36
  memorable ads. That's why so many failed to
• 25:39
  capture or retain attention respecting, the discipline
• 25:42
  requires clients who value our work as an economic multiplier,
• 25:46
  and it requires an industry. That knows it's worth.
• 25:50
  I wrote because somebody needed to, not because it was one
• 25:53
  agencies idea versus another. But because the whole thread was
• 25:57
  Unbecoming and Sorry. And in this case, incorrect now
• 26:03
  we're going to, we're going to go back and take a look at
• 26:05
  something here. Very quickly in this tweet
• 26:07
  thread. Now, interestingly, there were
• 26:09
  other people from coinbase that chimed in like the marketing
• 26:13
  officer from coinbase. So we're just going to add.
• 26:15
  I to me, this is like adding fuel to the fire.
• 26:19
  This is very childish and a major corporation like this
• 26:22
  should have eaten some frickin Crow and gotten on with their
• 26:25
  lives. But anyways let's continue coin
• 26:28
  basis, Chief marketing. Officer Kate brauch eventually
• 26:31
  replied to Kavala sweet acknowledging that ad agencies
• 26:34
  were involved in. Developing the concept.
• 26:37
  However she pushed back on the notion that the idea was taken
• 26:41
  from Martin Agency. Oh well we're not going to let
• 26:45
  you have that not gonna let you have that piece.
• 26:48
  So here's the actual tweet from Kate.
• 26:50
  It's always tough when an agency of record is chosen right before
• 26:54
  a CMO starts. Ultimately, when I on-boarded, I
• 26:58
  made the call that the Agency wasn't a fit for coinbase.
• 27:02
  They are a strong agency and I'm sorry, they left the
• 27:04
  relationship with a bad feeling so don't get me wrong.
• 27:07
  But this just to me sounds and this is my personal take because
• 27:11
  I have been involved with marketing, for massive
• 27:14
  companies, like this, and it's not unusual for people to steal
• 27:18
  other people's ideas. Okay, it's not people are
• 27:21
  scumbags. Everybody is trying to rise to
• 27:23
  the top of an invisible pyramid and I'm not saying that every
• 27:27
  single person you're going to work with is a scumbag.
• 27:29
  But I can tell you when twenty years of working for major
• 27:31
  corporations, there's enough scumbags to go around.
• 27:34
  Okay? So I'm just not putting it past
• 27:35
  this person. I'm not saying that she's guilty
• 27:37
  of this. I'm just saying you have to be
• 27:39
  objective, okay? It's kind of convenient that
• 27:42
  this new person came in, got rid of this agency and then their
• 27:46
  idea gets used, just saying, all right, just to wrap it off here,
• 27:49
  coin basis. Chief product officer said, the
• 27:51
  platform was forced to temporarily throttle traffic to
• 27:55
  the site, due to the surge in activity.
• 27:57
  And this was after the ad, so, This is very interesting to me.
• 28:01
  Why did I end it off like this? Because back in 2017, coinbase
• 28:06
  couldn't handle its traffic back then.
• 28:08
  Okay, it couldn't handle its traffic at the beginning of this
• 28:11
  bull run and again it couldn't handle the traffic after the
• 28:14
  Super Bowl ad. So all this tells me is instead
• 28:18
  of instead of trying to sell the sizzle, why don't you just
• 28:22
  actually build a proper back end to your shit coin platform as so
• 28:27
  that it doesn't keep getting sorry.
• 28:28
  I have a theory as to why I actually haven't been able to so
• 28:32
  because it's a quote-unquote crypto company, they can't rely
• 28:35
  so Twitter for example uses AWS, right?
• 28:38
  But Twitter is in handling people's money, okay?
• 28:41
  So I think that they have to build out their whole back end
• 28:44
  meaning like actual physical infrastructure, right?
• 28:48
  So I think that's why they're having trouble scaling the way
• 28:52
  they are dude because think about it they have to buy those
• 28:54
  servers and you and I both know servers are very expensive,
• 28:58
  right? So that whole back end, they
• 29:00
  Have to build out physically themselves as I don't think it's
• 29:02
  as easy as Twitter. It's like oh let's expand let's
• 29:04
  buy more AWS space. You know which you and I both
• 29:07
  know feels very easy to do. So look at the end of the day, a
• 29:16
  shit coin exchange shit coins. Rug pulls this Ad Agency
• 29:20
  potentially we don't know steals their idea and let me touch a
• 29:25
  little bit about the Ad Agency thing.
• 29:27
  I think it's a dying medium. I think social Just and the
• 29:31
  internet in general, really, like, ad agencies used to be
• 29:34
  huge, right? But I think it took away a lot
• 29:37
  of their business per se, right? Because, you know, you could
• 29:39
  just have influencers and they'll promote your product and
• 29:42
  it's a lot. I think it's more effective in
• 29:45
  my opinion, then you know, using a traditional ad and then
• 29:48
  there's the case. It's like who really watches
• 29:50
  ads? I don't watch ads, right?
• 29:52
  Phil do you watch ads? Like who the fuck watches ads,
• 29:54
  right? Unless you're, you know,
• 29:55
  watching cable news but not that many people watch cable news
• 29:58
  anymore, right? So it's like, Like you could
• 30:00
  always pay for you to premium, if you don't want to wait for
• 30:02
  the ads and YouTube premium. I mean, for the ads on YouTube
• 30:05
  to, it's like I make sure you watch like five seconds, right?
• 30:08
  So again, I think it's a dying medium in general.
• 30:13
  So, I think she has to protect her, keep, so to speak.
• 30:15
  I think that that really got under her nails that Armstrong
• 30:19
  was just like, yeah, we came up with this ourself, but at the
• 30:22
  same time, perhaps you should have posted proof, you know?
• 30:26
  Because she didn't say anything. I mean, she did she did say the
• 30:29
  number and the page. Age in the this but it's like
• 30:31
  maybe she was, you know, tie her hands were tied because of an
• 30:34
  NDA, but I don't know, man. It, you know, that these things
• 30:37
  you just kind of have to believe them at their word but you don't
• 30:40
  know you don't know what to say, it's very it.
• 30:42
  I'll just say this, the CMO, the chief marketing officer of of
• 30:46
  coinbase was awfully defensive and she had a fucking nft as her
• 30:52
  profile picture just to kind of get you a look into what those
• 30:56
  shit Corners are doing back there.
• 30:58
  Oh my God. Not Surprised anyways, Gandalf.
• 31:01
  What are your thoughts on all this?
• 31:03
  Yeah, I mean I thought they the seat, there's the CEO of the
• 31:07
  modern agency. I thought she handled it like
• 31:09
  with Grace and beautifully and she made a good point like you
• 31:11
  can't we can't really say whether they stole the idea that
• 31:14
  install the idea and she even acknowledged that you know many
• 31:16
  people can come up with the same idea.
• 31:17
  We see this on Twitter all the time.
• 31:19
  How many times like we seen the same time sort of like Twist on
• 31:22
  something by different people because this it's like a mind
• 31:25
  Hive, right? There's like a million Minds on
• 31:26
  Twitter, somebody's bound to come up with with an But the
• 31:31
  fact of the matter is that he was very dismissive of creative
• 31:34
  agencies in general. And, you know, I'm guessing that
• 31:39
  if creative agencies exist is because there is a need for them
• 31:42
  somewhere and he just kind of like poo, pooed on the mall and
• 31:47
  he kind of gave off like a, he thinks he's like, Steve Jobs
• 31:50
  Vibe, like breaking the mold and he like, we don't use creative
• 31:53
  and Z's because we're coinbase were too cool for that.
• 31:56
  Which he's not, he's absolutely not.
• 31:59
  There's such Innovative Geniuses training noobs to buy shit coins
• 32:03
  and get fleece. Literally like the definition of
• 32:06
  first-mover advantage there, right?
• 32:11
  Yeah. No it's it coin basis business
• 32:12
  models fucked right because they're stuck their business
• 32:16
  model revolves around selling shit coins.
• 32:19
  Right. So they essentially their
• 32:22
  incentivize to tell people and you know they do that with the
• 32:26
  courses and all the bullshit that they do there.
• 32:29
  Sensitive eyes people to buy their dog, shit.
• 32:31
  Right. And now, and this is goes to,
• 32:34
  we've been talking about this topic for a while, which is why
• 32:36
  it is coinbase not add lightning.
• 32:38
  Well, if they added lightning, it would kind of defeat the
• 32:40
  purpose for like 50 or 60% of the shit coins that they pedal,
• 32:45
  right? So again I think I think that
• 32:47
  company is evil. I think that they have to Ally
• 32:50
  with State, you know, which they do that.
• 32:51
  You see Brian Armstrong and pictures and DC and yeah, I
• 32:55
  think the next 10 years, there's going to be an evil eye.
• 32:59
  Science between the Fiat Legacy system.
• 33:02
  Tie trying to stay relevant and survive and shit coins, right?
• 33:06
  You know, and they're gonna lie, they're going to a lie and, you
• 33:09
  know, it's going to be bitcoiners on the other side and
• 33:11
  it's going to be it's going to be a really fucked-up battle in
• 33:15
  my opinion. That's what I think.
• 33:16
  Of course I'm speculating. Awesome fails today, fail.
• 33:19
  But anyways, it's time for the daily meme.
• 33:21
  Review brought to you by sit it out to anyone.
• 33:23
  It's the best Bitcoin cultural Zine.
• 33:25
  It's stories Comics articles by actual bitcoiners.
• 33:29
  They're scarce is only 1000 copies made per volume.
• 33:32
  Every volume has different artwork made by bitcoiners.
• 33:35
  Of course, get your print of Seville 21 today.
• 33:39
  All right, everybody first meme is brought To Us by mr.
• 33:41
  Robot corporate needs you to find the difference between this
• 33:44
  picture and this picture? They're the same picture.
• 33:47
  That's absolutely hilarious. All right.
• 33:48
  Moving on to the next one, this is 21 million TV underscore
• 33:53
  this. The choice is yours, gain value
• 33:55
  with high volatility, lose value, with low volatility,
• 33:59
  Bitcoin games Valley with high volatility, you know what, when
• 34:03
  the central bankers and all that shit, talk about shit like
• 34:06
  Bitcoin, like it's unstable and they failed to mention this,
• 34:10
  they fail to mention this, right?
• 34:11
  It's like yeah, it has stability but it's slowly loses value over
• 34:14
  time. Yeah.
• 34:15
  Bitcoin might be volatile but on average has gained what two
• 34:18
  hundred percent a year since its Inception like so fuck you and
• 34:22
  your low volatility nonsense. Anyways, moving on, next meeting
• 34:26
  brought To Us by Bitcoin meme lib.
• 34:28
  Nothing to see Here, Bitcoin. Bitcoin is just checking knowing
• 34:31
  inflation as an all-time high and you know, it's the Muppet
• 34:34
  drinking the Lipton tea. Oh, I think he might come be
• 34:37
  competing for the best Muppet with yellow.
• 34:40
  Let us know down in the comments which is a better Muppet the
• 34:42
  green Muppet, Kermit, the Frog or yellow, the Bitcoin Muppet.
• 34:46
  Anyways, what were three breaking out how I'm doing?
• 34:49
  Because I hold Bitcoin. Yeah, it's a famous guy with a
• 34:51
  house on fire. I'm doing fine.
• 34:53
  Absolutely hilarious. All right, my direct deposit.
• 34:57
  The dip. It's so true.
• 35:00
  It's so hard to just have a little bit of Fiat in the bank
• 35:03
  account. You know, I've had so many
• 35:05
  overdraft fees is not even funny.
• 35:06
  All right, next one, finally, DC a stacking Bitcoin after
• 35:10
  realization that the other coins are centralized.
• 35:12
  And this goes back to what we were saying during the daily
• 35:15
  fail, which is why coinbase is so insincere.
• 35:17
  They might be showing off, all these functionalities at all
• 35:21
  these shit coins do but what they fail to mention is that
• 35:24
  they have all those extra functionalities because they run
• 35:27
  on AWS servers might as I'll just run a centralized fucking
• 35:31
  shit coin running on AWS, and it would be faster anyway.
• 35:35
  So it's just, it's a facade, it's a fugazi.
• 35:37
  Anyways, leaves coins, on Exchange to trade account seized
• 35:42
  by government, for making memes, dude, that is hilarious.
• 35:45
  Very good job. Shout out.
• 35:48
  Can seven, nine nine, five, zero seven, two, two.
• 35:52
  All right, next one is brought To Us by Chris Tarpon, he's
• 35:55
  replying to honk Hogan. Good morning to all Sovereign
• 35:57
  bitcoiners, who takes off. Custody of their time and energy
• 36:01
  and says good morning. The world going to shit me
• 36:04
  buying more Bitcoin. It's true Bitcoin.
• 36:06
  Protects you with this orange force field of energy of
• 36:08
  decentralised energy. It's absolutely gorgeous.
• 36:11
  And for that Phil, I'm going to give it a very special score.
• 36:14
  I'm going to give it a box but not only.
• 36:16
  Is it a box? It's a box with the lens cap
• 36:18
  inside and a cap. But what is it a cap to?
• 36:22
  It's a cap to a hot sauce and it is some organic jalapeno, hot
• 36:27
  sauce. Yeah.
• 36:29
  So, what would you give those memes?
• 36:31
  So, it's a gift box with a cap to a bottle and a lens cap.
• 36:35
  Yeah. What is the strangest?
• 36:37
  Assortment, I don't even know what to say.
• 36:39
  I don't even know what this and I can't top that score.
• 36:41
  I'm not even gonna try to top that score.
• 36:43
  Okay, but look, I am gonna go with again another, another one
• 36:47
  of the great wood workings from Quinn solo, not actually sure
• 36:52
  what this is, but it's Bitcoin and it could not be a building.
• 36:55
  Is it like, I don't know. It is a building that point
• 36:58
  building Right the Bitcoin building Bitcoin building.
• 37:01
  Anyways these these awesome little wood magnets from Quinn
• 37:03
  solo Gandalf, from the Shia. I think that that you left at
• 37:07
  the end of the movies. What happened?
• 37:08
  Your back net. Did I leave?
• 37:15
  I remember I literally just watched all three of the
• 37:17
  extended at the end. 4K ones, but I the end of Return of the
• 37:31
  King is so boring. I never watch it to the end
• 37:33
  because I got 20 minutes of them old kissing and hugging so I
• 37:37
  don't know what happens again though.
• 37:38
  He's there I'm pretty sure he's I feel like case he takes that
• 37:42
  ship, he takes that shit with Frodo Frodo.
• 37:46
  Like I mean he's not good. No but that's the other stay
• 37:50
  Simon stuff. Stay and Frederick got enough
• 37:52
  going implies that that that's like death because the photos
• 37:55
  like old for anyways Gandalf. What would you give those memes?
• 37:59
  I'm gonna give them a Fudd dice. Oh, nice.
• 38:04
  The other day. Phil, didn't you give it this
• 38:06
  week last week? Last week, I got ya.
• 38:08
  The FED buys last week. Oh, okay.
• 38:11
  Anyways, we have to try to get the black ones though, just
• 38:13
  saying. I don't know where to get.
• 38:15
  Those are the oldest ones. Oh, okay.
• 38:18
  So those are like the OG, the black.
• 38:20
  Oh gee. Anyways guys, we want to know if
• 38:23
  you agree with our scores, you disagree, let us know down in
• 38:25
  the comment section. Make sure to subscribe to us on
• 38:27
  alternative video platforms. Because we do talk shit about
• 38:30
  going base like Rumble.com. And of course, Bitcoin tv.com
• 38:33
  and make sure to join our telegram group linked us, some
• 38:35
  dank dank dank dank Bitcoin memes review.
• 38:38
  But anyway, so it's time for the Daily News brought to you by
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  crypto. Cloaks.com they make the best 3D
• 38:43
  printed Bitcoin merch. Like the famous 3D printed
• 38:47
  Bitcoin art sculpture grenade opens up.
• 38:49
  You put your favorite Hardware while in there.
• 38:51
  You could also get a customized in any color.
• 38:54
  You would like. They also came out with a big
• 38:55
  boy grenade as well. Really cool stuff.
• 38:58
  They have the honey badger and you can take advantage of the
• 39:00
  link down below for 5% off. Anything on the store crypto.
• 39:03
  Cloaks.com. All right, we're going to change
• 39:05
  it up today. We're just going to cover one
• 39:07
  topic because I feel like it's a very, very big deal.
• 39:11
  We're going to talk about what is happening in the Ukraine and
• 39:14
  how it affects Bitcoin. So, you know, I tried to cover
• 39:17
  it on multiple different angles, let's get to it.
• 39:20
  So what is, you know, what is the the local situation?
• 39:24
  So it looks like it not looks like Ukraine, you know, declared
• 39:28
  martial law. All right, I've been part of
• 39:30
  that was suspending use of digital wallets, whatever that
• 39:33
  means. Anyways, the article goes on to
• 39:35
  say following the Declaration of Martial law in Ukraine.
• 39:38
  The Central Bank suspended the country's currency markets, stop
• 39:41
  the circulation of all Securities.
• 39:42
  Limited cash withdrawals and halted, the use of electronic
• 39:45
  currency and digital wallets. The wording of the Central Bank
• 39:48
  resolution calls on issuers of electronic money to suspend the
• 39:51
  issuance of electronic money, the replenishment of electronic
• 39:54
  wallet with electric electronic money in the distribution of
• 39:57
  electronic money. I don't know if that that
• 39:59
  implies should coins and Bitcoin.
• 40:01
  I have no idea that the article specifically says, ins that
• 40:04
  cryptocurrencies and weren't mentioned.
• 40:06
  We know that ukrainians hold something like 200,000 Bitcoin
• 40:11
  collectively, right? So, it's a country that has a
• 40:14
  lot of Bitcoin, right? A Bitcoin magazine just opened a
• 40:18
  branch there in the country, right?
• 40:19
  We covered that, we had knit cap, mine head of news when that
• 40:22
  happened so many ways. What is the, what is?
• 40:25
  Why did they do this? Because everyone, when they get
• 40:28
  scared, They go to ATMs and they try to withdraw cash, right?
• 40:33
  That is like one of the first things that people do.
• 40:36
  Now, here's the thing, Bitcoin really does fix this.
• 40:39
  Do you think that ATM has enough money?
• 40:41
  And its small little machine for all those people behind their
• 40:45
  right? This is a tragedy.
• 40:47
  And of course this is why the government froze.
• 40:50
  The withdrawal is right. They're going to do it under the
• 40:52
  guise of War. So what is the first thing that
• 40:54
  Bitcoin fixes? Bitcoin gives you the ability to
• 40:57
  not only vote Your wallet. But it also gives you the
• 41:00
  ability to vote with your feet. It's a lot easier to leave the
• 41:04
  country. If you could take everything
• 41:06
  with you and Bitcoin gives you that capability.
• 41:09
  Anyways, moving on. What is the next big deal?
• 41:12
  I think so. Look at the end of the day, you
• 41:16
  know, there's a significant portion of the hash rate is
• 41:20
  coming from Russia, specifically around 11% and there's a good
• 41:26
  amount coming from the you cane. Not so much, but Oh point one
• 41:29
  three right? What are the implications of
• 41:32
  that potentially potentially some of that hash rate some of
• 41:36
  those some of those Bitcoin miners could be effective but
• 41:40
  like I've been trying to hammer in your guys's head Bitcoin
• 41:43
  miners tend to be in tend to be around stranded or isolated
• 41:47
  energy Pockets. Because if it wasn't, if it was
• 41:49
  near a big city or near a military installation, that
• 41:52
  energy would be in use basic supply and demand.
• 41:55
  If there's a lot of demand, but there's not that much Supply the
• 41:58
  price tends to go up. Bitcoin miners, tend to be
• 42:00
  isolated. Now, has the hash rate, been
• 42:02
  affected by the war, it's too early to tell but so far no.
• 42:07
  And I just like to point out that the hash rate completely
• 42:11
  left, where the hash rate was back, when the China been
• 42:15
  happened, it left it in the dust.
• 42:17
  So that's a very good news. I'm going to keep an eye on it.
• 42:19
  If it does go down, I will, you know, I'll retouch this topic,
• 42:23
  anyways, moving on it. Part of the hash rate in the
• 42:26
  mining discussion, this is what Gibbs we had them on the A show.
• 42:29
  He is the CEO of compass Mining and this is what he had to say.
• 42:33
  I am always very sensitive to what happens in Eastern Europe
• 42:36
  Latvia is home for me. My thoughts and prayers are all
• 42:39
  with all affected by the conflict.
• 42:41
  Hopefully, we see a peaceful Revolution soon.
• 42:44
  I want to reassure our customers hosting and Russia that we are
• 42:47
  in the constant communication with the facilities which are in
• 42:50
  Siberia. Siberia is literally in the
• 42:52
  middle of nowhere and it's also on the other side of Russia and
• 42:55
  well isolated from any geopolitical and less which is
• 42:58
  why Ed miners, tend to be an isolated energy Pockets because
• 43:02
  it's cheaper. Their Compass has confirmed with
• 43:04
  our partners that all miners are safe and will continue running
• 43:07
  as normal. If anything changes know that
• 43:10
  our team will communicate that as soon as possible.
• 43:14
  So interesting stuff. Anyways, the last topic that I
• 43:17
  wanted to cover is very, very old concept that we covered
• 43:21
  rules for the and not for me, right?
• 43:24
  So let me let me start it off with this article, right?
• 43:28
  New US sanctions on Russia not expected to severely Target
• 43:32
  energy sector. Why is that right?
• 43:34
  Apparently this is the worst thing that has ever happened.
• 43:38
  You know, the literally a full-on invasion of another
• 43:41
  country that hasn't happened in Europe in decades.
• 43:44
  Right. But, you know, they were very
• 43:46
  quick. The financial system was very
• 43:48
  quick to cut off, Afghanistan completely right there.
• 43:53
  Trudeau was very quick to cut off.
• 43:56
  You know, some peaceful protesters in Canada, right to
• 43:59
  cut them off from banking. But here you have a country and
• 44:02
  literally invading and bombing another country and they're not
• 44:05
  completely cut off from the financial system.
• 44:08
  I wonder why. Anyways, the US and its allies
• 44:11
  are expected to impose new, major new sanctions on.
• 44:13
  Russia punishing, President Vladimir Putin for ordering a
• 44:16
  full scale, invasion of Ukraine, but stopping short of targeting
• 44:20
  some critical sectors of his nation's economy.
• 44:22
  The administration is concerned about global energy markets.
• 44:26
  Another senior Administration official said no option is off
• 44:29
  the table, but starting out with energy could actually benefit
• 44:32
  Putin and bad for his pockets, given high, high oil, and gas
• 44:36
  prices cutting off Russian oil and gas will drive prices up to
• 44:40
  Putin's benefit. Anyways, how bad is this?
• 44:45
  Check this out. So Jen is so Germany, got Greg
• 44:49
  Greta, pilled. So he's referencing a Greta,
• 44:52
  Thornburg, and this all ties in with the ESG bullshit as well,
• 44:55
  right. How are you?
• 44:57
  And now can't enforce sanctions against Russia or defend Europe
• 45:00
  because they would freeze and starve.
• 45:02
  Turns out energy is a matter of National Security who knew,
• 45:07
  right? Again, all these ESG people and
• 45:09
  all these environment they didn't plan for this.
• 45:11
  Germany is in the situation where they shut down a lot of
• 45:15
  nuclear power plants and now they're completely Tied by The
• 45:19
  Hip To Russia because that's where they're getting the
• 45:22
  majority of their natural gas and your this guy gets into more
• 45:25
  details. German economic Minister hard
• 45:27
  book, says 50% of our coal comes from Russia.
• 45:30
  Germany economy. Minister says, hi Beck says, 55%
• 45:33
  of our of our gas comes from Russia, German economy, Minister
• 45:36
  Holbrook says, 35 percent of our oil comes from Russia.
• 45:39
  So again, they can't do. Do anything, they can't do
• 45:43
  anything. So look, before I move on to the
• 45:46
  next article, right? And I might add that there was,
• 45:50
  there was this other guy that that he tweeted this out,
• 45:52
  Germany's going to continue buying natural gas from Russia
• 45:57
  because they don't have a choice, right?
• 45:59
  So what does this have to do with Bitcoin?
• 46:01
  Okay, so again, it's rules for the and not for me, right?
• 46:06
  So you have Afghanistan completely cut out from the
• 46:08
  financial system, but you have Russia, that completely invaded.
• 46:12
  Another country and it's fine because they give us gas and oil
• 46:18
  and all that stuff. So to critiques I have which is
• 46:21
  all the ESG people shut the fuck up okay?
• 46:25
  That's what I had to say. The US was literally oil
• 46:27
  independent right now with the new administration at
• 46:31
  environmentalists economic whatever they stop that now we
• 46:34
  have to rely on another country. Look at the look at the price of
• 46:37
  oil, right? That's my first critique.
• 46:40
  Second critique is a Apparently the morality of banking only
• 46:44
  applies. Sometimes there's an apply the
• 46:47
  other times. Apply sometimes, keep that in
• 46:50
  mind when I read the next article because of course, never
• 46:54
  let a crisis go to waste, you know, the politicians are going
• 46:57
  to try to use this to attack Bitcoin, of course.
• 47:00
  Anyways. Phil, what are your thoughts?
• 47:02
  It's funny that you said morality and banking in the same
• 47:05
  sentence that's just like what. I'm like, no, no that's not
• 47:10
  real. To your point.
• 47:12
  They try to hide behind you. Okay.
• 47:15
  Of course, of course not. That's why it's so funny, right?
• 47:17
  Because they play pretend and they think that people don't
• 47:19
  notice. But look, this is just I really
• 47:23
  feel bad for Germany right now in this particular case, you
• 47:27
  know, having to, you know, having to rely, they probably
• 47:30
  shouldn't have listened to Greta so hard.
• 47:34
  It was, it was a noble idea but reality just slapped him in the
• 47:37
  face and they're just like, oh, maybe we should have kept those
• 47:42
  And to your point, right? And to your point it's a noble
• 47:45
  idea when no one is aware. That the money is being printed
• 47:49
  to fund all of these causes and to subsidize all of this crap.
• 47:53
  Okay. It's anyways, I just you know
• 47:57
  what, this is not going to get any better any time soon.
• 48:02
  There's just going to be even more confusion and seriously,
• 48:06
  Germany is really stuck between a rock and a hard place.
• 48:09
  So yeah. Know what they're going to do, I
• 48:13
  really don't, you know, maybe they can find somebody else to
• 48:15
  go and you know by the natural gas from in the meantime anyways
• 48:19
  Ganda, what are your thoughts on this?
• 48:22
  So I've literally just been watching.
• 48:24
  I spent some time watching Putin's like hour-long speech
• 48:28
  from earlier today with subtitles.
• 48:29
  And then I watched Joe Biden's latest time where they let him
• 48:34
  talk to the Press because, you know, they don't really don't
• 48:36
  let him talk too much because like I can't read a teleprompter
• 48:38
  and can't speak from just from his heart, but He made the, the
• 48:44
  reporters were hammering hammering away at this point,
• 48:46
  like, why haven't you banned them off Swift?
• 48:48
  Why haven't you banned them off Swift?
• 48:49
  And he let out that they haven't done that because their European
• 48:53
  Partners do not want that to happen.
• 48:57
  And my assumption there immediately was like that's
• 49:00
  because they need to buy energy for them from them and they need
• 49:03
  to pay them and if you cut them off from Swift, you can't pay
• 49:06
  them for your energy. And then you like Nick Carter
• 49:08
  said, freeze and starve. And You know, yeah, you could
• 49:14
  feel sorry for them or you could just say they kind of got what
• 49:17
  they deserve for listening to a fourteen-year-old on an issue of
• 49:20
  National Security. And, you know, when you have
• 49:23
  such a narrow sort of focus on a very complicated issues like
• 49:26
  energy, when it's just all about like being green and I say green
• 49:31
  because like it's arguable that these things are even that green
• 49:34
  anyway. We've all seen the we've all
• 49:38
  seen the the cemeteries for For windmills, right?
• 49:43
  They can't recycle them. So they like, they take them
• 49:45
  and, like, pile them and try to bury them into the ground.
• 49:47
  Like, where do you what energy do you think is used to like
• 49:51
  make solar power? How do you make, you know, the
• 49:53
  first solar panel. If you don't have solar panels
• 49:55
  to make solar energy to make the panel's, you use fossil fuels,
• 49:59
  right? So it sounds like you're all
• 50:01
  like, all right. Extremists to be honest.
• 50:03
  Yeah, I definitely am. I definitely am.
• 50:05
  That's exactly how I self-identify.
• 50:08
  But the end off made a great point about believing a for
• 50:11
  Ten-year-old, right about a matter of National Security.
• 50:14
  This is something really interesting that I think used to
• 50:17
  be fair. I think she was the figurehead
• 50:19
  of the movement, but I think that there is a lot more, I
• 50:22
  think it was a powerful movement that had a noble goal, which is
• 50:25
  there's a very famous saying, right?
• 50:26
  The road to hell is paved with good intentions, right?
• 50:29
  Clearly didn't think this through?
• 50:31
  Okay. Just like but I didn't, you
• 50:33
  know, the US for the first time in a very long time because of
• 50:36
  fracking was oil independent for very long time and then he
• 50:40
  reversed that A political reasons like it's they're not
• 50:44
  thinking it through, right? So I would like to believe
• 50:47
  there's more malicious intentions but that is going in
• 50:50
  the conspiracy theory stuff. So I'm right on top of it out.
• 50:53
  Anyways, Phil I was just going to say for me it kind of Falls
• 50:56
  in line with the child warship that we have and I don't know
• 50:59
  that if this happens all over the world or if it's just
• 51:01
  Western culture right but we have this obsession with you
• 51:04
  know with wanting to be, she's 18 by the way so you can talk
• 51:07
  shit about her now. Oh no I don't even it does it's
• 51:10
  not even talking shit about her. I'm just saying Zoom out and
• 51:12
  look at the symbolism, right? We're totally obsessed with that
• 51:15
  stuff. And if you think about it in our
• 51:17
  culture, right? We look at you know look at old
• 51:19
  people and they're just a pain in the ass.
• 51:21
  You know, like this is what happens to all of us.
• 51:22
  We just become these old pains in the ass.
• 51:24
  You know, it's all about, it's all about the, you know, the
• 51:27
  young people. Knowing what's new and
• 51:29
  everything like that. Look at social media, right?
• 51:32
  Social media is not for a 65 year old or a 75 year old
• 51:34
  person. Sure they can partake but
• 51:36
  they're not going to get it like a 14 year old is going to get
• 51:39
  it. So my point is, is that To your
• 51:42
  point, they used a proper symbol to get their message across
• 51:46
  because they understand how people think right now.
• 51:49
  It's like yeah you know they're going to trust her.
• 51:51
  Maybe we don't know, maybe we're just old and stupid.
• 51:54
  Let's listen to the Future, she's the future.
• 51:56
  Trust me, man. It's there's a lot of this kind
• 51:59
  of nonsensical brainwashing that goes on, and we don't even know
• 52:02
  what's happening to us. Well, now reality is snapping
• 52:04
  back into place, right? And yeah, Germany sucks for
• 52:08
  sucks to be you, but anyways, so this is the most important.
• 52:11
  Part. So we've covered a couple
• 52:13
  aspects, right? That situation for the people on
• 52:15
  the ground. In Ukraine will talk about the
• 52:17
  price. You know, we don't talk about
• 52:18
  the price very often but the price apparently rebound so far.
• 52:22
  And then we talked about the hash rate, which I feel like is
• 52:25
  the most contentious issue because that is actual physical
• 52:28
  Hardware in Russia, right? Potentially a country that the
• 52:31
  United States is going to be hostile to.
• 52:35
  But here's the part that I want you guys to focus on, right?
• 52:38
  Because this is the actual part that they're going to use to try
• 52:41
  to. To Pedal garbage.
• 52:42
  And again, that isn't me. Speculating connect the dots
• 52:45
  guys. We've been on top of this.
• 52:47
  We already had a announcement from the senate in the United
• 52:51
  States. Essentially making a big deal
• 52:53
  because El Salvador and Bitcoin becoming legal tender could use
• 52:58
  your to use their words could potentially undermine the United
• 53:02
  States abilities to sanction countries, right?
• 53:05
  And this article is going to get more into depth with that, but
• 53:09
  you already have the corporate propaganda media.
• 53:11
  Itís spin up a narrative and what we're going to do.
• 53:14
  Like we always do, we're going to go through every single point
• 53:16
  and we're we're just going to provide a counter narrative,
• 53:19
  right? They get it.
• 53:19
  They got to set the tone. We're just going to give a
• 53:22
  different perspective. Anyways anyway, article in New
• 53:24
  York Times Russia could use crypto currency to blunt the
• 53:27
  force of un sanctions that's already wrong because we know
• 53:31
  that they're not going to get kicked off Swift completely.
• 53:33
  Why? Because they're totally Europe.
• 53:35
  Is totally cooked to Russian natural gas anyways, moving on.
• 53:40
  So the premise of The article in my opinion is already wrong.
• 53:43
  So when the United States barred Americans from doing business
• 53:46
  with Russian Banks, oil and gas, developers, and other companies
• 53:49
  in 2014, after the country's invasion of Crimea, the hates
• 53:52
  Russians economy was Swift and immense economists, estimated
• 53:56
  that sanctions imposed by Western Nations cost, Russia, 15
• 53:59
  billion dollars a year. So, was Russia just going to lay
• 54:02
  down and accept that? No Russia has been dropping off,
• 54:07
  massive, dollar reserves and they've just been stacking on
• 54:10
  gold. There is a recent trade deal
• 54:13
  between China and Russia and they didn't close the deal in
• 54:17
  dollars. They actually close the deal in
• 54:19
  Euro, so, there is ways around this.
• 54:21
  But the article would like you to believe that.
• 54:24
  It's like the US Legacy Financial system is the only way
• 54:26
  to do business, right? Keep that in mind because
• 54:29
  they're trying to set this narrative, which is like if we
• 54:32
  have this all if it wasn't for cryptocurrencies, we'd be able
• 54:36
  to save the world, you know? Anyways and again it's
• 54:39
  hypocritical because we know that they cut off.
• 54:41
  Nice tan, which is not a bigger threat than Russia, in my
• 54:44
  opinion but they won't cut off Russia.
• 54:46
  So it's hypocrisy at its finest anyways.
• 54:49
  Since then the global market for cryptocurrencies and other
• 54:52
  digital assets has balloon. So since then since this
• 54:55
  happens, right? They would like you to believe
• 54:57
  that. Since then the global market for
• 54:59
  cryptocurrency and other digital assets has believe that's bad
• 55:02
  news for enforcers of sanctions and good news for Russia.
• 55:05
  It's good news for Russia to cryptocurrencies have ballooned.
• 55:08
  Anyways, the United States is particular in particular, Able
• 55:12
  to use sanctions as a diplomatic tool because the dollar is the
• 55:15
  world Reserve currency and used in payments worldwide American
• 55:19
  government officials are increasingly aware of the
• 55:21
  potential for cryptocurrencies to lessen the impact of
• 55:24
  sanctions and are stepping up their scrutiny of digital assets
• 55:28
  to apply sanctions, at government makes a list of
• 55:30
  people and businesses. Its citizens must avoid anyone
• 55:33
  caught engaging with a member of the list, faces, heavy fines.
• 55:36
  But the key, the real key to any effective sanctions program is
• 55:40
  the Global Financial shal system banks around the world.
• 55:43
  Play a major role in enforcement, they see where
• 55:46
  money comes from and where it's bound and anti-money laundering
• 55:50
  laws. Require them to block
• 55:51
  transactions with entities that are under sanctions and report,
• 55:54
  what they see to Authority. So essentially what they're
• 55:57
  admitting is that banks are really an enforcement arm of the
• 56:00
  state. If you notice what was happening
• 56:02
  in Canada and how Banks essentially became the
• 56:05
  enforcement arm, they're the ones that froze, the accounts,
• 56:08
  you could see if your money is in the bank you You have a two
• 56:12
  or three multisig, with the relation with the bank, to of
• 56:15
  the keys are held by the bank, and the state.
• 56:17
  And you hold one of the keys, that's really how it works.
• 56:21
  Anyways, but if banks are, are the eyes and ears of governments
• 56:24
  in this space, the explosion of digital currencies is blinding
• 56:27
  them. That last line, I think that
• 56:29
  they wanted it to be interpreted in a certain way.
• 56:32
  I think that's a really good thing.
• 56:34
  Anyways, moving on banks, have to abide by here.
• 56:37
  It is. Phil, we talked about this a lot
• 56:39
  know your customer rules which include verifying And their
• 56:41
  customers, their clients identities, but exchanges and
• 56:44
  other platforms that facilitate, the buying and selling of
• 56:47
  cryptocurrencies and digital assets are rarely as good at
• 56:50
  tracking, their customers as banks are.
• 56:52
  And again, could you tie in where self custody comes into
• 56:56
  this, right? Because in the banking system,
• 56:58
  there is no way out, but in crypto to use their words and
• 57:02
  when you take self custody, it's much harder for the government,
• 57:06
  the bank to free something without using violence.
• 57:09
  In fact, without using violence is pretty much impossible.
• 57:11
  But if you do it correctly, anyways, even though they are
• 57:14
  supposed to follow the same rules in October, the US
• 57:16
  Treasury Department, warned that cryptocurrencies pose and
• 57:19
  increasingly serious threat to the American sanctions program,
• 57:23
  that us authorities needed to educate themselves about the
• 57:25
  technology. How about you don't weaponize
• 57:28
  your currency against other people.
• 57:30
  Because what this article would make you would make you want to
• 57:33
  believe is that this only captures bad people, but if
• 57:37
  you're in Cuba, if you're in Afghanistan, if you're in
• 57:40
  countries that the The US has sanctions towards.
• 57:43
  You can even receive money over. See from overseas and you could
• 57:48
  be an innocent civilian and you're not political whatsoever,
• 57:51
  you know who's there? Bitcoin is, right?
• 57:54
  So anyways, article goes on SAS some cool pictures in early.
• 57:58
  February independent sanctions. Monitors told the UN Security
• 58:01
  Council that North Korea was using crypto currencies to fund
• 58:05
  its nuclear and ballistic missile program according to
• 58:08
  Reuters spokesman for doorways permanent mission to the UN And
• 58:12
  may the consulting firm elliptic described how Iran was using
• 58:15
  revenue from Bitcoin, mining to make up for the limitations on
• 58:18
  its ability to sell oil because of sanctions.
• 58:21
  Do you guys get what narrative they're trying to paint?
• 58:25
  Do you see how they took advantage of a crisis in Ukraine
• 58:28
  to try to paint a specific narrative.
• 58:30
  Anyways, article goes on to say Administration.
• 58:34
  Officials are also urging the cryptocurrency industry to put
• 58:37
  into place internal internal controls that prevent Bad actors
• 58:42
  from using their services. So what does that mean, right?
• 58:45
  Well, we've been talking about for the last couple of days,
• 58:48
  right? Banning what self custody?
• 58:51
  Why would they want to ban self custody?
• 58:53
  Because it takes away power from the state.
• 58:55
  But it's not only me thinking this as well.
• 58:58
  Pirate actually had this excellent tweet and he said
• 59:01
  random thought Russia banned from Fiat.
• 59:04
  Currencies and banking like my pillow guy, Russia routes around
• 59:07
  and uses Bitcoin government's, ban Bitcoin, claiming only
• 59:10
  terrorists. It an attempt to confiscate and
• 59:13
  band Bitcoin. If you are caught with it you go
• 59:16
  to the gulag and again this pirate tweeted this out, like
• 59:19
  just thinking it himself, I was thinking this as well and then
• 59:23
  this New York Times article in the way that their phrasing
• 59:25
  thing really just confirmed it right.
• 59:27
  They're obviously trying to use this you know they're trying to
• 59:30
  take advantage of the crisis to try to paint you a specific
• 59:33
  narrative to try to tell you that the u.s.
• 59:36
  Sankey the sanction system is perfect and my opinion, the
• 59:39
  sanction system is anti-human. Right as much as they would like
• 59:42
  to tell you. Yeah.
• 59:43
  It's only hurting governments in those evil regimes.
• 59:46
  I don't like people and I don't like the government of North
• 59:48
  Korea don't like the government of Russia.
• 59:50
  I don't like the government of China, but there is a lot of
• 59:53
  collateral damage in these sanctions it on banks people.
• 59:57
  It D Banks, millions of people around the world that are caught
• 1:00:01
  up in this Bitcoin is the money of enemies.
• 1:00:03
  Bitcoin is for everyone. Bitcoin is is antifragile
• 1:00:07
  Bitcoin not and that's not the word Bitcoin is, it's hard to
• 1:00:10
  censor. That's the way that I want to
• 1:00:12
  use. So again, you see what the
• 1:00:16
  government is? Trying to paint now that the
• 1:00:17
  government, but really the propaganda arm, they're trying
• 1:00:20
  to let you know, right? They're trying to set the tune
• 1:00:24
  and this is how the media does things, right?
• 1:00:26
  This is how they paint, narratives, it's really scary.
• 1:00:29
  I suspect that as things escalate, which they will, we
• 1:00:32
  are in the fourth turning baby. Really exciting.
• 1:00:36
  I think that this is going to be a contentious issue.
• 1:00:38
  I think that the United States government and you're in.
• 1:00:41
  Western governments that have most to lose with the downfall
• 1:00:44
  of the Legacy system, they're going to be beating the battle
• 1:00:47
  drum saying this is dangerous to democracy because we can't
• 1:00:51
  sanction, certain governments. It's dangerous to hold your
• 1:00:54
  money because you might be funding terrorism.
• 1:00:58
  It's just completely insincere, it's bullshit.
• 1:01:00
  It comes from a place of just wanting pure power, right?
• 1:01:04
  I think what happened in Canada, really highlighted that.
• 1:01:07
  So look guys if to Summer it up because I know this is the name
• 1:01:11
  of the episode. What, what is the consequences
• 1:01:15
  of what's happening in Ukraine? I think that this is going to be
• 1:01:20
  used, I don't think this is going to hurt Bitcoin and
• 1:01:22
  there's in the short term I don't think it's Gonna Hurt its
• 1:01:24
  price. I don't think it's going to hurt
• 1:01:25
  the hash rate. I think ukrainians are going to
• 1:01:27
  be open to use Bitcoin. However, I think that this is
• 1:01:30
  going to be used as a launching platform for a narrative to try
• 1:01:35
  to attack self custody and to try to attack Bitcoin
• 1:01:39
  specifically in the west and they're going to you Use that.
• 1:01:42
  It's golden for them. Anyways, Phil dude.
• 1:01:45
  Amazing. Pulling together those points.
• 1:01:49
  Look, I don't think I thought it was funny that they mentioned
• 1:01:52
  North Korea because I'm here if you're buying Bitcoin your
• 1:01:55
  funding, you killer weapons. Anybody really taking the the
• 1:02:01
  dancing ballerina Army in front of the cardboard tanks and and
• 1:02:05
  missile seriously anymore. They, I don't think anybody
• 1:02:08
  takes them seriously. And you know what, if they're
• 1:02:10
  using crypto currency, good for them.
• 1:02:11
  They I highly doubt it because of the type of regime that it
• 1:02:15
  is, but even if they were good for them, who cares, use
• 1:02:17
  whatever you want. I don't really, I just see that
• 1:02:20
  as noise, the other piece to, this is the US sanctions, I find
• 1:02:25
  it. I mean are we just nuts that we
• 1:02:28
  think that these are valid tools that make sense to penalize
• 1:02:32
  entire countries because you don't like their governments and
• 1:02:36
  and everybody just sits there and Pat each other on the back
• 1:02:38
  and goes it's a great idea which I would have thought of that
• 1:02:41
  that That this makes sense. No it doesn't.
• 1:02:44
  This is stupid and it's exactly what you said.
• 1:02:46
  It's anti-human, it's completely anti-human, you're killing
• 1:02:50
  innocent people, you're stopping innocent people free from being
• 1:02:53
  able to feed themselves, and being able to clothe themselves
• 1:02:56
  from being able to transact. That's psychotic all because you
• 1:02:59
  don't get along with the government.
• 1:03:01
  If you look, you know what weaponizing the money it like to
• 1:03:05
  me it's like it was the easiest trick that they were ever able
• 1:03:09
  to pull because there's There's no other value or there's no
• 1:03:13
  other way that they could have done it and to actually match
• 1:03:16
  wits. Sorry, you know, like because
• 1:03:18
  it's like that's what it is, you're going to choose the
• 1:03:20
  easiest thing for you to do you're going to and and think
• 1:03:23
  about it, right? Look at the position you go.
• 1:03:26
  And you know like everybody I shouldn't say everybody.
• 1:03:28
  But the countries that agree with this right?
• 1:03:30
  Applaud? This behavior and go.
• 1:03:31
  Yes, we need to put the sanctions on these countries.
• 1:03:33
  These countries are dangerous. Every single person in that
• 1:03:35
  country is dangerous psychotic. It's psychotic dude.
• 1:03:39
  And it's funny because as they hit you over the Ahead with the
• 1:03:42
  club like in Canada, freeze you. And then they expect you not to
• 1:03:46
  use an alternative like psychotic, right?
• 1:03:49
  It's like, if you don't want people to use an alternative, be
• 1:03:51
  better. Be better.
• 1:03:54
  And it's like, dude, if you don't want Russia to be
• 1:03:56
  powerful, maybe perhaps you shouldn't have shut down all
• 1:04:00
  your nuclear power plants in the country and perhaps in the u.s.
• 1:04:03
  perhaps, you shouldn't have shut down the oil industry.
• 1:04:06
  Just an idea but it's like no, they want it both ways
• 1:04:10
  craziness. Anyways Gandalf, do you want to
• 1:04:12
  tie this off? I know you live in Middle-earth,
• 1:04:15
  but you're looking down on these Earthly happenings.
• 1:04:18
  What are your thoughts on all this?
• 1:04:21
  Yeah, so it seems to me like from up here and and, you know,
• 1:04:26
  I've never been to Earth, so don't take, don't take my word
• 1:04:29
  for gospel, but it seems like Bitcoin takes power away from
• 1:04:33
  this thing that you guys called the state.
• 1:04:35
  And it sounds like they don't really like that, so it's no
• 1:04:40
  surprise that they They cracked down on it, you know, I'm not
• 1:04:44
  really religious. You guys made some like
• 1:04:46
  excellent points about, you know, some of the hypocrisy from
• 1:04:51
  from, you know, people sanction, you know, Canadians, sanctioning
• 1:04:54
  their own people. I mean they're not they're
• 1:04:57
  willing to freeze the assets, a Canada's willing to push to
• 1:05:00
  freeze the assets of its own citizens but not Russia.
• 1:05:03
  Yeah, right. Like literally Canada's part of
• 1:05:07
  this Hall of NATO and whatever right but You know when it comes
• 1:05:12
  to like it's you get into dangerous territory when you're
• 1:05:15
  taking the moral High Ground. You're saying Russia is bad in
• 1:05:18
  the u.s. is good or even if it's the reverse Russia.
• 1:05:21
  Some people hate the their own States so much that they like
• 1:05:25
  take the. My enemy's enemy is my friend
• 1:05:28
  right? And they sympathize with Russia
• 1:05:30
  and Putin just because they hate their own government.
• 1:05:33
  And we get pulled into these like false dichotomies.
• 1:05:36
  And when these kinds of things happen, we have to, it's like we
• 1:05:38
  feel we have to pick a side in this battle.
• 1:05:40
  You actually don't have to pick a side.
• 1:05:41
  Both sides could be freaking dumb asses and you could call
• 1:05:45
  that out. You don't have to take a side.
• 1:05:47
  Not, there's not one the US isn't good and Russia isn't bad
• 1:05:50
  and it's not that Russia is good.
• 1:05:51
  And the u.s. is bad. Like, Russia is trying to make
• 1:05:53
  it seem right. The truth is probably somewhere
• 1:05:56
  in the middle and just to tie it off.
• 1:05:59
  Yeah, I heard this quote, I'm not religious at all, but I had
• 1:06:01
  a quote, somebody quoted from the Bible the other day.
• 1:06:03
  I can't remember what context it was in, but it was let he who is
• 1:06:07
  without sin cast the first stone, right?
• 1:06:09
  And it's kind of saying like, you know, the I think it's this
• 1:06:12
  group of people and they want to Stone someone because he did or
• 1:06:15
  she did something bad and Jesus comes along.
• 1:06:17
  And he says, fine, you can Stone this person.
• 1:06:20
  But but the first person to throw the stone, or the people
• 1:06:23
  who throw the stone are, once you've never committed a sin
• 1:06:25
  themselves and guess what? Nobody cast, any Stones, because
• 1:06:28
  we've all done fucking stupid shit and made the snakes and
• 1:06:30
  whatever. So for one country to sit there
• 1:06:33
  and wag their finger at another country and say you've done
• 1:06:36
  something bad now you must be punished by me.
• 1:06:38
  Like who are you to punish anyone anyway and then you I
• 1:06:41
  said, you know, and they punish people.
• 1:06:43
  They expect them, not to find an alternative to look after
• 1:06:46
  themselves and their families and stuff.
• 1:06:48
  It's just, it's. Yeah.
• 1:06:49
  Like you said, it's just lunacy, it's lunacy.
• 1:06:52
  Yeah, I just I'm sorry just quickly because the, the quote
• 1:06:57
  that the Gandalf said made me think right away of another one.
• 1:07:00
  That's very similar is judge, judge eel.
• 1:07:02
  St, be judged. So that's exactly exactly.
• 1:07:06
  The same type of scenario, wisdom bombs, bro, wisdom bombs
• 1:07:09
  left, and right. Absolutely great.
• 1:07:11
  Episode dude, let's see guys this is the developing crisis or
• 1:07:17
  events so we'll try to be on top of it as possible.
• 1:07:20
  I wanted to give you guys an update because I'm sure a lot of
• 1:07:22
  people are like oh my God the price, these things, the
• 1:07:24
  applications. So I just kind of want it all
• 1:07:26
  summarized it up. But anyways feel there was an
• 1:07:29
  open source off released today. Why don't you tell everybody
• 1:07:31
  about it software releases brought to you by Cipher safe?
• 1:07:35
  Check them out. Cipher safe dot IO, it's the
• 1:07:37
  best place to store your Bitcoin seed.
• 1:07:41
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• 1:07:44
  damn it backwards, or the all-new ciphered grid comes
• 1:07:48
  complete with punch tool and tamper resistant wire and
• 1:07:52
  apparently it's resistant to fill.
• 1:07:53
  All right, we've got blixt wallet version 0.4 dot one that
• 1:07:58
  was released. All right, don't forget to check
• 1:08:02
  us out on our Audio, Only platforms, Apple podcast,
• 1:08:06
  Spotify and anchor. Guys, before we go, I want to
• 1:08:10
  give a very special shout-out to her Awesome sponsor, Reptar dot,
• 1:08:13
  con represent Phil and I wear the hoodies, we try to wear
• 1:08:16
  different ones every day they have some they have a new lineup
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  of hoodies coming out. They might be Bitcoin related
• 1:08:23
  hint and you can get 15% off with the link Down Below, guys.
• 1:08:27
  That was our show. I want to give a very special
• 1:08:29
  shout-out to our awesome. Guest is a Ms. B.
• 1:08:32
  TC Gandalf on Twitter, he's the magic managing director of
• 1:08:35
  Bitcoin time, social media wizard of brain system and slush
• 1:08:39
  pool and host of the disc. Bitcoin podcast guys, that was
• 1:08:43
  our show. If you I said that twice, if you
• 1:08:45
  enjoyed the show, you know what to do?
• 1:08:46
  Smash of course you want to continue here in the Bitcoin.
• 1:08:49
  Use from the fleet pleb perspective