Latest / Simply Bitcoin / Euro Regulator Forces Banks to NOT Use Bitcoin | EP 677

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Euro Regulator Forces Banks to NOT Use Bitcoin | EP 677 · Simply Bitcoin

0:13
Yo welcome to Simply Bitcoin live.
0:14
We're number one source for the peaceful Bitcoin Revolution
0:17
code, breaking news culture matter Warfare will be your
0:19
guide through the separation of money and state and man, man.
0:23
Oh man, is the state fighting back.
0:28
Crazy, crazy. So, we've been covering and and
0:32
I really believe this is gonna continue to escalate right for
0:34
the last week. Or so, we've been covering
0:37
operation. Choke point for anyone who's not
0:39
in the know. This is the B Administrations.
0:41
Kind of backdoor effort into. And the way that I see it trying
0:48
to slow down the adoption of Bitcoin.
0:51
They're basically trying to choke out the industry and try
0:56
to keep it separated from the financial industry.
0:59
The US financial industry. Now, it looks like in Europe,
1:02
the same thing is happening, but the European Central Bank kind
1:05
of released a, not kind of they released like a meme or
1:09
something on Valentine's Day. And they're like, it's so crazy.
1:14
Like basically we gotta get inflation back to 2 percent.
1:16
So like this magical 2%, 2% inflation 2% theft is somehow.
1:21
Okay? Right.
1:22
And of course, and we also have we're going to cover all the
1:25
inflation numbers that came out Bloomberg tweeted.
1:29
This, the inflation rates around the world, not to mention in the
1:32
global South, where you're talking about double-digit
1:35
inflation recently, just reported just came out
1:38
Argentina, literally at 99 percent inflation, could you?
1:42
Imagine living that living in that environment, mind you
1:45
Argentina, which recently got a bailout from the IMF for a loan
1:49
from the IMF and that loan the IMF specifically said that that
1:54
the Argentinian government must die', incentivize the adoption
1:58
of Bitcoin. So like it's just absolutely
2:01
Bonkers. So many things to get too many
2:04
ways. Before we start the show, I want
2:05
to bring up everybody first, our special guest, thank you so much
2:09
for for for joining us today. Mass adoption.
2:15
It's like a big take care of pickled podcast.
2:17
Thanks Nico. Thank you for having me, man.
2:18
Thanks sir. Thanks for coming on.
2:20
And of course, my legendary co-host, Third, Man In Charge.
2:24
It's simply how you doing Ruston?
2:27
Doing great. We got we got inflation coming
2:29
from Argentina, UK US, spoiler alert, it's not looking good out
2:34
there. Gently ladies and gentlemen and
2:37
of course my legendary coach. Who's always optimistic.
2:41
How you doing? I'm good.
2:43
Yeah, Russian kills me, that that's hilarious.
2:45
Let's go, man, it is good. It's a good day, it's a good
2:49
day. Another Day in Paradise, another
2:50
day of doing Bitcoin content. So, you know, crazy, crazy stuff
2:55
going on in the world. But Hey as bitcoiners we just
2:57
get to kick back and eat the popcorn and watch fireworks.
3:00
Yeah. Right.
3:01
Only, if you take self custody. So let's say you don't take self
3:04
custody. What Opti said, does not apply
3:06
to you. Anyways, everybody, let's start,
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recording, the Bitcoin price is 20 2780 SATs per dollar 4,000
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market capitalization of Bitcoin 439 billion US Dollars.
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Those are the numbers guys, I have to run.
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We'll see. I'll see you tomorrow Opti.
4:55
It's your show. My friend.
4:57
Let's go. All right.
4:58
Well, thank you Nico. We appreciate you holding it
5:01
down for us, but we'll take it from here.
5:04
Anyways, guys, as we've been covering on the shelf for I
5:09
don't know, obviously, We forever but definitely the last
5:12
couple of days we are definitely seeing not only central banks
5:18
but the IMF start to freak out and it's very much in line with
5:23
the idea of we are in the then they fight you stage and I think
5:27
there is a very very telling theme running through this.
5:31
So before I get into this article about the EU telling us
5:35
about you know Bitcoin or we can't hold so much Bitcoin in
5:40
the I want to relay the article that we showed yesterday.
5:44
So remember this from yesterday. IMF says, El Salvador's Bitcoin
5:49
risks have not materialized but should be addressed and the
5:52
reason I want to bring this up because we're going to link this
5:55
to what the EU said today. But it's just one telling
6:00
sentence here that the IMF says and the lender the IMF noted
6:04
that risk have not materialized due to the limited Bitcoin use
6:09
so far. So Remember this little tidbit
6:12
of information that we were talking about yesterday because
6:15
we are hearing the same grumblings coming out of the EU
6:19
from the ECB the European Central Bank and it's almost
6:23
like they are getting the same, you know, same orders from the
6:27
top to continuously push the same narrative.
6:30
Hey, I don't have my tinfoil hat on here guys, but I will have to
6:34
bring one up soon. Anyways, let's get into this
6:37
article. So Eubanks told by regulator to
6:40
a A bit coin cap, even before they become law.
6:43
So the European Central Bank, which supervises big euro-area
6:47
lenders said, crypto should be treated as a risky asset.
6:51
And remember what we tell you guys, consistently Bitcoin is
6:55
the stable coin, you know, sacher my stable coin in my
6:58
opinion as a Bitcoin and Bitcoin is the least risky asset to hold
7:02
in the world. But yes, there is a lot of
7:05
volatility in the Bitcoin price because it is becoming monetized
7:09
in real time. And we are seeing the s-curve
7:12
adoption happen in real time, which means there will be a lot
7:15
of volatility in the price but to the upside, which is
7:18
something that they never tell you.
7:20
Anyways, let's jump into this article and see exactly what the
7:23
framing is. So banks in the EU, should start
7:26
applying caps on bitcoin Holdings ahead of global Norms
7:29
set by the Basel committee on banking supervision taking
7:32
effect, supervisors at the ECB said Wednesday, while Bitcoin
7:36
and shit. Coin has not yet made
7:38
significant inroads into the blocks Banks.
7:40
The ECB said they should treat the assets that the risky and
7:43
limit Holdings right away. So the Basel committee on
7:47
banking supervision standard is, not yet legally, blind binding,
7:51
pending its trans position in the European Union said a news
7:55
later which is responsible for directly supervising.
7:58
The largest banks in the currency Bloc however should
8:01
Banks wish to engage. In this market, they are
8:03
expected to comply with the standards and take it into
8:06
account in their business and capital planning, so the BCBS.
8:10
Currently proposed to assign the highest possible risks weight of
8:13
one thousand two hundred and fifty percent to, on back
8:16
digital assets. Such as Bitcoin meaning banks
8:19
have to issue Capital equal-to their crypto Holdings there,
8:22
Bitcoin and chick on holding and they would also be limited to
8:24
holding Bitcoin and shit coin in the mounts.
8:26
Not exceeding. One percent of the core Capital
8:29
known as Tier 1. And so this is where I bring in
8:33
the IMF article so a survey published by the ECB on
8:36
Wednesday. Also said that distributed
8:39
Ledger technology which is What, you know the powers that be are
8:43
trying to name a Bitcoin or my blockchain is Barely Used across
8:48
banks with fewer than one in five seeking to apply the
8:51
solutions and that Bitcoin and shit Cohen activities and
8:54
exposures are insignificant. So, let's just recap some of the
8:59
stuff that the ECB said, and then kind of connect it with the
9:03
end of this article. And we had this conversation in
9:06
spaces yesterday. That on the one hand, the powers
9:10
that be whether it is central banks, whether it is the IMF or
9:14
World Bank organizations or politicians, they are all
9:18
saying, one thing on one hand which is, you know, Bitcoin is
9:21
insignificant, it is, it hasn't been adopted yet, no one's using
9:25
it. And then, on the other hand,
9:26
it's a completed risk and it's about to blow up the whole
9:31
financial system. So let's get back to this.
9:34
What was some of this? The first thing that they say,
9:37
is that it is having made in Inroads into the blocks bank.
9:43
So again, they acknowledge the fact that Bitcoin still has a
9:46
large, a large Room to Grow that it hasn't been fully adopted and
9:50
yet they are trying to claim that Bitcoin is a risk asset on
9:56
the verge of blowing up the financial system, which in my
9:59
opinion, my opinion is back to this whole idea that we
10:02
continuously talk about about them.
10:04
Projecting what it is. They are doing on to bitcoin and
10:09
it's very interesting. Resting that we are seeing this
10:12
not only from the ECB but from basically, every unproductive
10:16
class member out there saying the same thing, they are
10:19
absolutely terrified of Bitcoin because they know what Bitcoin
10:22
does. And I think this back to this
10:24
idea that Nico and I have been mulling over.
10:27
It's like do these people not understand Bitcoin or are they
10:30
incentivised to Gaslight you so that you continuously not
10:33
understand Bitcoin? This is a question.
10:36
I will leave up to you guys but obviously at simply Bitcoin we
10:40
Stand what the angle is. And then also, the next portion
10:44
of this is the fact that the BCBS proposed the highest
10:50
possible risk weight right way of 1250 percent to unbag digital
10:55
assets such as Bitcoin. So there's two points here.
10:58
As you guys know, as you guys are listeners to Simply Bitcoin.
11:02
We continuously noticed a theme that anytime they want to
11:07
denigrate Bitcoin, they will a Actively named Bitcoin but when
11:12
they want to you know use a distributed Ledger technology or
11:16
my block chain or crypto in general, they will lump it all
11:19
together. So it's very interesting that we
11:21
see this theme happening right now by the ECB is when they're
11:25
trying to talk down on what we're doing over here in the
11:27
Bitcoin space, they will actively name Bitcoin.
11:30
But second is to the idea that Nico brings up all the time.
11:34
That in Bitcoin, we are being held to an absurd standard that.
11:39
Not even the Normal Banks would be held to.
11:41
And this is because they understand that Bitcoin is the
11:45
Escape Route, and if they just let Bitcoin work on the free
11:49
market, then I think people will understand the very clear
11:53
advantage of holding Bitcoin. And then again, guys as I said,
11:58
you know, they tried to frame this into distributed Ledger
12:00
Technologies. Barely Used across Banks where
12:03
only one in five are seeking to apply the solutions and that
12:07
crypto or Bitcoin in shit connectivity, exposure to are
12:09
insignificant. Nificant.
12:11
So we said this again, it's very interesting.
12:13
How on the one hand Bitcoin is going to blow up all of the
12:17
financial world and on the other hand it's an insignificant, you
12:20
know, small portion small Market.
12:22
That no one is using and it's very interesting because we here
12:27
at simply Bitcoin lean into the idea that it is our me, moron
12:31
and everyone else is just living in it.
12:32
And bitcoiners have the best meme and this is why we're
12:35
continuously able to destroy their narratives because when
12:39
they try to play on, Our playground, which is the memes,
12:43
they absolutely wrecked themselves, like look at the ECB
12:46
here and this is back to what Nica started.
12:48
The show with is the fact that the powers that be are trying to
12:54
get back to 2 percent inflation and what do we tell you guys?
12:57
Inflation is theft, you know say what you want.
12:59
Say what side of the aisle you are on but it's very interesting
13:03
that the status quo is that the powers that be can still 2% of
13:06
your purchasing power every year.
13:08
And this is this, the norm that they want to it back to where as
13:11
we as bitcoiners are like, hey guys, you know, we have this
13:14
asset here known as Bitcoin to 21 million hard cab.
13:17
And this is a feature, not a bug.
13:19
But how is this little Haiku or poem that the ECB pointed put
13:22
out yesterday? Roses are red.
13:24
Violets are blue, we will stay the course and return inflation
13:28
to to well you can opt out of this and you can hold Bitcoin
13:33
and I just find it hilarious. And when I put this on the on
13:36
simply Bitcoin, Twitter account this morning, I connected the
13:41
two dots. And of course, the ECB says, the
13:44
expansion of the Bitcoin and Bitcoin industry could lead to
13:48
risk, spilling over into the baking sector and his back to
13:52
this whole idea, we tell you guys all the time, the risk is
13:55
to their control, nothing else. There is no, we here.
13:58
They are absolutely terrified about the idea that they are
14:01
getting disintermediated. That there are losing their
14:04
power. Because now, you can opt in to a
14:06
system that they don't control and shouts out the Mining tank
14:10
right here because I really like this Framing and it's back to
14:13
what I continuously. I've been telling you guys and I
14:15
told you in the before or in the first part of the segment and in
14:18
yesterday spaces, it's very interesting that now, they are
14:22
pivoting to its Bitcoins fault that we are screwed.
14:25
So just understand where the theme is going here, guys and
14:29
understand where they're going to try to reframe the
14:32
conversation. It's not that the risk of
14:35
Bitcoin to the average person is a concern.
14:39
The The real concern here is that they are losing control and
14:43
the risk to bitcoin is what do we say all the time?
14:46
What did Charlie Munger and what was the Kody saying Bitcoin is
14:51
rat poison squared? Well, it's very interesting that
14:55
the rats are scared of the rat poison because it literally
15:00
eliminates their control and now they're going to frame it.
15:03
Oh, you know, Bitcoin is the reason why we are screwed up
15:06
when we have shown continuously shun the receipts Inflation is
15:10
starting to get out of control, not only in the west but it's
15:13
all around the world and this is because they're continuously
15:15
printing money and they can try to plan Bitcoin all they want
15:19
for their faults, but we will continuously bring these
15:22
receipts and continuously show that hey, this has nothing to do
15:25
with us. There is Bitcoin and there is
15:27
shit coined and I will lump in the Fiat Dollar in shit coin.
15:32
So hey ECB, I really love your projections.
15:35
Chrissy, I love that you are still talking about me.
15:39
Be here still leaving needing to put Bitcoin in the conversation
15:43
but this has nothing to do with Bitcoin and as I think it's just
15:46
more signal that the banks are absolutely terrified about
15:50
Bitcoin about what we're doing here and they know exactly what
15:53
the game is. So it's no longer that the
15:55
powers that be the unproductive class the people at the top.
15:58
Don't understand Bitcoin. I think it's very clear that
16:01
they are very aware of what Bitcoin does but they know one
16:04
thing that the average person out there still doesn't get
16:07
Bitcoin. Still doesn't get what's
16:08
happening. And and so they're going to lean
16:11
into this narrative. And this is where we are, guys.
16:14
This is where the framing is headed.
16:16
So just be aware out there understand that we are winning
16:19
the narrative war and we will continue to win the narrative
16:22
War. So it's very very interesting to
16:26
see them frame this right now. But hey, I don't know.
16:29
I know I'm the in-house truth or over here.
16:32
But Rushton, what's your thoughts?
16:33
Yeah, I know you're gonna have a good take on this.
16:35
You always bring me receipts. All right.
16:37
I like soapy, man. Van over there, said, tell me
16:41
you're scared of Bitcoin without telling me you scared of Bitcoin
16:44
and then Bitcoin Becca. She dropped this dime right
16:46
here, roses are red. Violets are blue, you will eat
16:49
some bugs and we will eat wag you but they got an ass
16:54
backwards off to you because they're saying Bitcoins are
16:56
relevant because Banks don't use it.
17:00
No, banks are made irrelevant by Bitcoin, you jackasses.
17:03
And when we go to the IMF they don't want you to And and the
17:08
EU, they don't want people saving money, they don't want El
17:11
Salvador getting out from under their Boot and paying off their
17:15
debt because the IMF holds Nations hostage, go ahead and
17:19
check out confessions of an economic Hitman.
17:22
They're trying to force them into using their cut bucks and
17:25
these Banks well probably not going to make it yeah yeah, good
17:30
shit Opti. Let's go.
17:32
Alright, ECB, what's your thoughts on this?
17:35
Yeah, my take on that. Is that when they say we are
17:37
Screwed. It depends on which we they're
17:38
talking about. Because if you're talking about
17:40
the bankers, if you're talking about the politicians, you are
17:42
absolutely screwed. There's no doubt about it.
17:44
This entire system, this inflationary system only worked
17:47
because it was a monopoly and now the breakdown of the
17:50
Monopoly that Bitcoin is presenting.
17:52
They are definitely screwed. I don't think it's a coincidence
17:55
that maybe the first thing they're trying to go after is
17:57
the idea of like being able to save which is exactly what
18:00
Bitcoin finally provides. So the idea that they don't want
18:03
you holding Bitcoin necessarily in a bank account, or that makes
18:06
me think of In Britain, there, kind of piloting, the idea of
18:09
putting like a 10 or 20 thousand pound limit on how much their
18:12
CDC would allow you to save. And I think that's really just
18:15
because capital accumulation is what leads to, you know,
18:19
prosperity and power for the normal person.
18:22
And they don't want the normal person to accumulate any power
18:24
that could actually kind of go toe-to-toe with their power
18:27
structure. So, I think it's really an
18:28
attack on capital accumulation to just kind of hold the little
18:31
man, hold the little man down and, you know, keep their thumb
18:35
on their neck. Did I could not learn more.
18:40
Yeah, exactly. I could not agree more and I
18:43
love the two points that you made because I say this all the
18:46
time. Once I got the idea incepted in
18:48
my mind, anytime I hear we it's like I always have the same
18:52
question. Like who the f is weak?
18:54
Because I know you and I are not on the same playing field and I
18:58
understand that our incentives are completely different but to
19:02
your point and I think this is the best point that we need to.
19:05
Oh my God I use we Man to your point that I need to use and
19:12
lean into this narrative. More is the idea that capital
19:15
capital accumulation is power guys.
19:17
There's nothing wrong with saving and they the powers that
19:20
be will continuously lean into this idea that you guys are
19:24
hoarders. That saving is bad, that saving
19:26
is destroying the economy because we need to make sure
19:28
that the throughput of our money is is at a high velocity.
19:32
It's like man the only way that Society is built is by capital
19:36
accumulation Ian and now they want dystopian, technocracy
19:41
where you cannot save for your future, and it's very much.
19:44
What, what you said, you know, a mulch, so that they can maintain
19:47
power and The Jig Is up. And as bitcoiners, this is what
19:51
we're continuously trying to show people.
19:53
But hey, we got a lot to cover. So, Rustin, let's get into the
19:56
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All right, let's get to it. So is Nico told us earlier
20:39
inflation around the world, we're going to get to that.
20:42
So Argentina annual inflation hits 99%, this is wild.
20:48
So Argentina's inflation sped up, more than expected in
20:51
January is price controls proved ineffective because price
20:54
controls work guys, further complicating.
20:57
The government strategy ahead of the presidential election
21:00
consumer Prices rose ninety eight point eight percent from a
21:04
year earlier and This is data according to the government
21:08
data, from Tuesday, Fernandez has unconventional strategy to
21:13
contain inflation, let's check this bold strategy, cotton, a
21:17
mix of price freezes currency controls, multiple exchange
21:20
rates and high borrowing costs. Oh, guess what they failed to
21:24
cool cost-of-living increases. No, no surprises there.
21:28
On Monday economy, minister of economy.
21:30
Ministers, Sergio Masa rolled out new price controls on beef
21:34
and said he's preparing more. Our measures to reel in the
21:37
rising cost of living guys, price controls don't work.
21:41
They further distort prices. They lead to further issues in
21:45
Supply and development that cause further shortages or
21:48
overproduction regardless you get waste and further Market
21:52
disruption occurs. But at least the people have
21:56
found an off-ramp because if we check it out peer-to-peer
21:59
Bitcoin trading in, Argentina is booming.
22:04
Let's check this out. Let's look at the numbers down
22:06
here. The P2P Bitcoin trading volumes
22:09
of Q4. Showed a market, increase over
22:13
Q, 2 and Q. 3 on top of this, with the way the trading is
22:17
going, it looks like q1. 2023 will Top the volume January and
22:21
February each solve volumes of forty.
22:23
Eight forty, two point eight million Argentine pesos on the
22:27
lightning Network, big deal. So like every action right has
22:31
an equal and opposite reaction. So we see what Argentina has
22:35
forced their people to use money money, that steals from them,
22:39
and it's been just outlandish and they're looking for a new
22:42
direction. As you remember Malay
22:45
presidential candidate and Argentina has said that Bitcoin
22:49
prevents politicians from robbing you through inflation.
22:52
He also said The first thing we have to understand is that the
22:57
central bank is a scam. Now I don't know guys sounds
23:01
pretty based but Argentina will see they are being pushed to
23:04
bitcoin. Adoption is increasing so they
23:08
still have their Escape Route right now, we saw the caps in
23:12
the UK. Do some stupid ad here.
23:17
Let's go. Okay, so when the UK check the
23:24
headline, Consumer price increases slowed slightly.
23:30
Okay, but let's go take a look at this and how they tell us
23:33
about inflation. Now in UK, they're up about 10%
23:36
so and they're trying to make it a positive that it didn't
23:39
increase that much. But on a monthly basis,
23:42
inflation was rapid. It climbed point five percent
23:45
from December core inflation remains fast food prices are
23:49
climbing swiftly. They Rose point five percent on
23:52
a monthly basis. The upshot inflation is showing
23:55
a warring amount of Staying power even as it moderates from
23:59
at Peak from its peak, but you guys have heard, you know, the
24:02
bullshit, the economy strong, everyone's doing well, right?
24:06
And let's go check here. So in the US inflation, we're
24:13
doing good 6.45. Maybe if you just eat Frosted
24:17
Flakes and Cheez-Its, look at this price changes over the last
24:22
year, fuel plus 27, gas plus, 26, Transportation, plus 14,
24:27
electricity, plus 12 food. So, all the basic necessities to
24:31
lie to live and survive. They're all going up.
24:34
But if you eat chicken nuggets, and watch Netflix, you doing
24:38
pretty good. Okay.
24:39
On to the next one. And Gin, they're telling you the
24:42
economy, strong that inflation's under control the j-pal and his
24:47
minions can handle all of it. But core CPI.
24:50
Core CPI has risen for the 30 second straight month.
24:55
This is from Zero Hedge headline.
24:57
Inflation hotter than expected year-over-year driven by lagging
25:01
shelter. It's pretty bad out there and on
25:07
top of it all there's some great advertising for Bitcoin from
25:11
this ineptitude from the fed and all these Central planners plans
25:15
only become plans for chaos and the u.s. paying a record amount
25:18
of Interest beyond their interest rates that they are
25:21
moving up themselves. How long until a possible
25:25
default or the money printer gets going again, probably not
25:28
long. So let's see here, the fourth
25:31
quarter tab was also nearly 30 billion more than the prior
25:34
quarter. Quarter and that is 1/4
25:37
difference 30 billion dollar increase on the interest of the
25:40
debt. The nation's borrowing costs
25:42
will continue to increase that's because the existing debt
25:45
matures, the government Issues, new debt with the higher
25:49
prevailing, interest rates, the higher rates, could increase the
25:51
net interest costs on the national debt to about nine
25:54
trillion over the next date decade.
25:57
So 9 trillion in just interest payments like is this
26:01
sustainable to you? Is this possible?
26:05
Up from the record. Eight point one trillion that
26:07
the CBO projected in May 20-22. So, that's what they're telling
26:11
you Opti. You could go ahead and play
26:13
those two clips. First, we'll start with Yes.
26:20
Yes, from the White House. Press Secretary here.
26:22
Everything's fine, guys. He said this, so I will just say
26:27
what he said on Friday which is that the state of the economy is
26:29
strong. And that, you know, you see that
26:33
in the lowest unemployment rate in 53 years.
26:35
You see that in the most jobs, created in the last two years in
26:39
our country, he Wow, that's pretty astounding.
26:46
Now let's get to the next. One j-pal said it's okay
26:48
everything's fine, guys. You know we got nothing to worry
26:50
about, right? All right.
26:53
One second. Why are they telling us?
26:55
Everything is fine. Here we go.
27:01
Well, the labor market is strong because the economy strong and
27:04
as I mentioned, it's a good thing that we've been able to
27:07
see the beginnings of disinflation without seeing the
27:10
labor market weakened. The labor market strong.
27:15
Are you shitting me? Have you seen this stuff?
27:18
I mean we know the numbers are fudged in these things but let's
27:21
look at just 20 23, some major, major layoffs.
27:27
Am an avalanche of layoffs in some sectors of the u.s. job
27:30
market particularly across Tech, Finance and media.
27:33
Disney announced 7,000 job cuts on February 9th, as part of its
27:37
corporate restructuring to save five point five billion.
27:41
The recent announced announced Announcements.
27:42
Build on the overall percent increase in job, Cuts recorded
27:46
in the US during 2022 and places Disney among growing numbers of
27:50
large companies. Resorting to layoffs, Tech
27:52
firms, including Amazon Google, Microsoft and meta have been
27:56
especially hit hard by the economic downturn.
27:58
Some 159,000 786 jobs have been cut by the tech firms last year
28:04
because the inflation is under control and the economy.
28:07
Strong. Don't worry about it.
28:09
You and me know they're full of shit and Go ahead and round it
28:13
off here in short. I can tell you j-pal and those
28:16
boy they got their head in their belly button and they are not
28:20
there detached from reality. But let's go ahead here.
28:23
Say embankment freed Terrell and Ellison and other company
28:26
insiders subpoenaed by fdxtra document.
28:29
So we'll go ahead and round it out with a little scam.
28:31
Bankster fraud update so insiders including free, Dormer
28:36
Alameda, CEO, Carolyn Ellison, bickman frites.
28:38
Father Joseph Bateman as well as Gary wing and ishod seeing have
28:42
been Served subpoenas now let's see.
28:45
Bingman freed is specifically asked for information on FTX
28:48
Alameda and emergent Fidelity Technologies a holding company,
28:51
he ran with former FTX executive Gary Wayne business performance,
28:55
all emails from FDX account and personal Gmail details, real
28:59
estate holdings and supporting documents he made to back up
29:02
statements and they've got until the 16th to produce all these
29:06
documents heating up. Hopefully, this guy gets what's
29:10
coming to him and This will be sad but a lot of news guys
29:14
inflation not looking good economy, not looking good but
29:19
the propaganda in Chiefs will say otherwise.
29:23
Wow, hold on. Before I want to get a taken
29:26
care of Bitcoins. Take before I just do some rants
29:29
but before we do that I really like this comment that Frank
29:32
aren't put here. It's kind of back to the idea of
29:35
what I put what I said in the numbers.
29:37
About the ECB saying like oh on the one hand Bitcoin is
29:40
insignificant. And on the other hand And oh,
29:42
you know, it might blow up the whole financial sector houses.
29:46
Comment Bitcoin is the reason economy is going bad, but the
29:49
economy is doing good and rushed into brings all the numbers.
29:54
Oh my goodness. Anyways, TCP, jump it.
29:57
Yeah, my thought on that, man, that the inflation.
29:59
And the dead thing is interesting.
30:00
I mean, I like to tell people if you just sat right here and you
30:03
were just going to count to 31 trillion.
30:05
Justjust one, two three. It would take you nine hundred
30:08
and eighty four thousand years, no breaks, no snacks.
30:12
Those sleep. So you're talking about now that
30:14
we're going to start rolling over this power of large
30:16
numbers, as they raise the interest rate, 1 2 3 4 5
30:20
percent, one percent of 30 1 trillion dollars is 300 billion
30:24
dollars you go to percent, you got our US military, you go, a
30:27
3%, you got more than the US military.
30:29
So I think it's a congressional budget office projects that it's
30:32
going to be like 1.2 1.3 trillion dollars of deficit or
30:36
just interest payments on that debt by 2030.
30:38
So, you had that on, we're already running a
30:40
trillion-dollar deficit as it is.
30:42
So the idea of like two or three trillion dollar deficits every
30:45
year are right around the corner and that just keeps adding to
30:49
that large number and makes that percentage spiral problem even
30:52
worse. So yeah, then they can come out
30:54
here all day long and say, yeah, everything's fine, everything's
30:57
fine. But that's the beauty about math
30:59
is, you can't argue with math, so it feels a lot like the
31:02
Titanic. I, they were kind of like,
31:03
saying, hey, this isn't this isn't sinking.
31:05
This isn't sinking until he had water all around their kneecaps.
31:08
It feels very much like that. And I think like the math
31:10
doesn't lie, and all you got to do is do the Have them.
31:12
Look at it and it was like, then all of a sudden, the propaganda
31:14
doesn't work. Because math is math is a
31:18
political. It doesn't care.
31:19
It's good to give you the truth and the truth is they got a huge
31:22
problem on their hands. Yeah.
31:24
Without a doubt, nailed it. Yeah, exactly.
31:27
You reminded me of what Greg fossil.
31:29
He says like it's 11th grade math and I know math is hard
31:32
guys. But like big numbers, you can't
31:36
hide them. You can't just sweep them under
31:38
the rug. Anyways, we got a super chat
31:40
right here before I go in on my little rant.
31:42
Shouts out to her boy, baked five dollar US dollar super.
31:45
Teddy goes at my daughter's piano recital now, but I've got
31:49
my ear pods in because I'd rather listen to Simply Bitcoin
31:51
than some dumb Beethoven, that's dedication.
31:55
Man. Make your Savage, your Savage
31:59
anyways. Back to the all the news that
32:01
you covered. Oh man, it really is amazing.
32:06
How the powers that be are continuously able to use CPI.
32:12
Lie to manipulate the masses to try to Gaslight people into
32:17
them, not believing their eyes and ears and understanding that.
32:21
Wow. Everything is getting more
32:24
expensive. My life is getting more
32:26
expensive and it's not like my life is getting better.
32:28
I'm literally just floating and and just trying to ensure my own
32:32
Survival and some said it. Someone said it in the chat like
32:36
yeah, unemployment may be lower, but everyone's working like
32:39
three jobs now, or what's the employment?
32:42
It is higher because people working three jobs now, like
32:45
absolutely insane. And I mean to the idea that we
32:49
continuously say on this show that Bitcoin is an inflation
32:53
hedge it to monetary inflation hedge and the global South is
32:58
very willing to adopt Bitcoin because they understand that
33:01
they can't trust the government to maintain their money supply
33:05
like anyone with a brain are better.
33:08
Yet anyone that isn't in the western world and hasn't been
33:11
lulled to sleep by Complacency understand that the government
33:15
is incentivized to manipulate the money supply, to ensure that
33:19
they make themselves richer, that they enrich themselves and
33:24
we are seeing what the effects are.
33:26
This happening around the world. The latest example is, what's
33:29
happening in Argentina. They have 99 percent inflation
33:32
rate and people are adopting Bitcoin on a peer-to-peer
33:35
standard. Like this is the inevitable end
33:38
of all Fiat, currencies, of course, Us in the United States
33:42
will be the last currency to implode because we are the world
33:45
Reserve currency, but don't be lulled to sleep by, this will
33:49
happen to us. And, you know, I just love that
33:54
they say, you know, inflation isn't that much guys like be
33:57
okay with a little theft, like let's get back to 2% guys, you
33:59
know, just 2% theft, it's fine, you guys won't notice it.
34:03
I remember someone said it in a tweet there, like I might have
34:06
been pressing pick and he imagine if someone came to your
34:10
house and stole only two percent of the goods in your house you
34:13
may not notice. But once it gets hired, a 10%,
34:16
20% 99%, this is when you start to freak out and you know I say
34:21
it all the time the tyrants are better.
34:22
I can there's a Bitcoin than we are because pain is how people
34:27
learn and they will continuously drive people into Bitcoin.
34:30
So the amount of doublespeak that we are hearing right now is
34:34
absolutely amazing. I think I say it all the time
34:37
that have we seen the peak of clown World, probably not, but
34:41
the unproductive class is so out of touch with reality and it is
34:45
amazing that we are in this point right now where they are
34:50
literally lying to our faces on. On on and corporate press and
34:55
people people are just eating it up.
34:57
It's like, what's that mean? They're pissing on your head and
35:00
telling you it is raining. I feel like this is where we're
35:04
at. Anyways, Russian you said, you
35:05
got some more numbers. All right, who said that Jeff
35:08
Booth said that? Jump in, bro.
35:12
Oh yeah, so we got we did a video yesterday, Lynn, Alden did
35:15
a thread on the history of CPI, so you're thinking about it
35:19
right now, how long until things normalize well in WWII, it took
35:24
about 12 years till prices started to level out.
35:27
And over that time, let me see. It was about 127 percent
35:34
increased their then if you go to the 70s Oil Embargo are the
35:38
the oil crisis there. Over two decades, CPI prices
35:43
increased two hundred thirty seven percent over a 20-year
35:47
period. And when we look at the 2020s,
35:50
both of those had three very massive inflationary spikes, and
35:55
we are in the first inflationary spikes.
35:57
So if that cycle continues like history, kind of Rhymes a little
36:00
bit. We still have two major
36:02
inflationary shocks to go, but are we entering that why Mar
36:07
because we see the effect of monetary expansion, you know,
36:11
it's time that it lasts in the market dwindles and you need an
36:15
exponentially larger injection each in each crisis.
36:20
So it's just not looking good out there advertisement for
36:23
Bitcoin guys. I mean, it's just everywhere.
36:25
Did win the beginning of this and people, it's like the frog
36:30
in boiling water. Water.
36:31
Get at least we have the Escape valve.
36:33
That is Bitcoin because it seems like we are.
36:35
I'm not even in the first inning.
36:37
We're probably like the first out of the first inning and
36:39
inflate. We're just barely starting to
36:41
see the effects of inflation on on society and everyone.
36:45
But I guess it's all good for Bitcoin because, you know,
36:48
humans learn via pain and the more pain, the more they will
36:51
find Solutions and we will be on the Bitcoin standard.
36:54
Anyways, let's get into the culture.
36:59
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Swan Bitcoin.com today. All right guys before We feature
37:26
our guests. I want to mention a few things
37:29
first is bit block, boom, a true Bitcoin conference in Austin,
37:33
Texas, August 24th, 25th, 26th and 27th.
37:36
This is not a shit coin and ft or blockchain event.
37:40
It's a Bitcoin Bitcoin Bitcoin and only Bitcoin conference.
37:44
Go check it out it's gonna be a lot of great speakers, you know,
37:47
everyone's favorite Beauty on Madame Curie, Jimmy seong gyes
37:50
Swan, Preston pitch Park and Louis Malle Adele, Marty bat and
37:54
Nico and I will be there I think actually Rustin all, I think all
37:57
three of us will be there. I don't know.
37:59
Don't hold us to that one. Next one isn't confiscated ball,
38:01
and December December 7th through eight in Las Vegas.
38:06
This is a toxic maximalist conference with the famous
38:11
gambling night, you know, poke her night.
38:15
And we will see, jock do couple tone base again, Jimmy song,
38:18
Adam back Jack, Ballers, Greg fall, Mark moss, and a bunch of
38:22
other Awesome bitcoiners Again, kill and I will be there.
38:25
So So go check it out, guys. We hope to see you in the flesh.
38:29
Come hang out with us as I sell the time.
38:31
The best part about these conferences hanging out with
38:33
other Bitcoins because I know you guys don't have enough
38:35
bitcoiners in your life. Anyways, today's guess is taken
38:40
care of Bitcoin. And I'm, I'm really excited
38:44
about today's conversation. Because this is something that I
38:47
literally latch onto continuously on this show is
38:51
trying to iterate and find the best ways to get Bitcoin to
38:55
everyone out there. And I can see, you know, taking
38:58
care of Bitcoin not not to be an ages here but you are a little
39:03
older than I am. You are a little wiser than I
39:05
am. So I my first question before I
39:08
get into some of these comments is what are you?
39:11
What are you feeling? Like are you getting a lot of
39:13
pushback or are you seeing people jump into Bitcoin from
39:16
your your age group from your demographics?
39:18
When your orange, killing people older may be wiser?
39:22
I'm not so sure it's Sting. So, like I kind of flipped the
39:27
podcast idea on its head on taking care of Bitcoin.
39:29
My idea is that I kind of came to it.
39:32
There's a lot of kind of noise as a lot of kind of moonboy
39:34
stuff. There's a lot of like not really
39:35
talking about why Bitcoin is important.
39:37
Not really so much about how it's going to make you money,
39:39
but why it's really important for like the future of like a
39:42
free people. So I just try to meet people
39:45
where they're at. So I talked to a lot of people
39:47
that are either just very very new to bitcoin or Bitcoin
39:50
curious couple that have just like just kind of started their
39:53
journey and I just try to meet them where their knowledge And
39:56
bring them kind of confident answers to their very early
39:59
questions so that they can kind of a kind of kick.
40:02
Start that journey in a way. That's not as intimidating as
40:05
maybe, you know, listening to all the people we love, you
40:08
know, Preston and Jeff Booth. The people talk about yield
40:10
curve control and some things that might go over their head in
40:11
the beginning. So yeah, I just try to meet them
40:14
where they're at, and I thought that might be a little bit
40:16
redundant, talking to people, but I've found that people come
40:19
to bitcoin from a lot of different angles because Bitcoin
40:22
touches people in a lot of different ways.
40:24
Whether it's from technology or whether it's the Ation problem,
40:26
or whether it's just an economics background or just
40:30
just flat-out. Hey, what the hell is this
40:32
thing? So I just try to meet them where
40:34
they're at, give that kind of original orange, pilling
40:37
conversation a little virality. And yeah, it's going pretty well
40:41
so far, just because I can see people just go from kind of 02.
40:46
Okay, this is something bigger. This is something more
40:48
interesting than I maybe thought it was coming in.
40:50
So, that's what I try to do. And, you know, if anybody's out
40:53
there, that wants to come on or know somebody that wants to come
40:55
on or you're sick. Having that orange peel
40:56
conversation at a barbecue, please send them my way because
40:59
that's the whole idea is just to Mint as many Freedom Fighters as
41:02
possible. Let's go.
41:04
Absolutely love it. And you say something you said
41:07
something right now that I continuously say all the time
41:10
and I stole this from How to Win, Friends and Influence by
41:12
Dale Carnegie and it's exactly what you just said, meet people
41:15
where they are as something I've learned recently is the same
41:19
idea, you know, I think bitcoiners, we have the facts
41:21
and that sometimes I, we might be getting a little impatient.
41:24
We just like, for spill people. We beat them over the head with
41:27
the Bitcoin signal whereas like, you know, understand who you're
41:30
talking to understand who your audience is and frame Bitcoin in
41:34
such a way that you can show them that this is going to
41:37
benefit their life. And I think you're doing a
41:39
really great job. I look like I got your Twitter
41:42
over here and I saw this theme that I really really enjoy and I
41:46
want to hear your input on how you got this, but you say it
41:51
right here and all your new episodes coin is for software
41:53
engineers and you got another one To go.
41:56
You got like Bitcoin is for podcasters or the next one you
42:01
got. I think it was like Bitcoin is
42:03
for filmmakers and so I really like this framing of like I know
42:08
we say it on a general level like Bitcoin is for everyone but
42:13
I are Bitcoin is for the digital media industry.
42:15
Like I think framing it and little niche areas like this,
42:19
like Bitcoin is for is a great way to capture people's
42:22
attention of like, oh wait, Bitcoin can benefit me me in
42:26
either my industry or my personal life and you know,
42:29
Bitcoin is much more than just internet nerd money out there
42:33
and it can actually benefit your life, you know, we say it all
42:36
the time Bitcoin is for Freedom, Fighters Bitcoin is an inflation
42:39
hedge. You know, there's so many memes
42:41
that you can add on to bitcoin is for, but I really like,
42:44
you're angling on your Twitter account where you're talking
42:46
about, like, yo, fitting in everyone's interest and how
42:51
Bitcoin can benefit them. So, what, how did you come up
42:53
with that? But I started with that kind of
42:56
idea is just the idea that Bitcoin is for for everybody,
42:59
right? It's like you know, sometimes we
43:00
can get kind of stuck in the Echo chamber of just talking to
43:03
each other and we're all just like, yeah, Bitcoins, great.
43:05
I was like, yeah, I agree. It was like, okay, that's
43:07
awesome. You know, but eventually what's
43:10
this thing's here, this thing works, what it needs is
43:13
adoption. So we need to be able to reach
43:15
out of those circles and pull people into those circles in a
43:17
way that makes sense to them. So the idea of Bitcoin is for
43:21
whoever I'm talking to is the Hope is that hey there?
43:24
Share that with their friends and family, they share that with
43:26
their Network. Those people might listen just
43:29
because they know that person or they have some kind of
43:32
connection to that person and then accidentally, they hear
43:34
something that may be triggers. A little bit of curiosity or
43:37
letting like kind of drives a little bit of kind of further
43:39
intellectual energy, just putting towards something.
43:43
It's like, Oh, I thought that was just some kind of
43:44
speculative. Bullshit bet.
43:46
Wait a second. Oh, I didn't ever thought about
43:48
that angle? I never thought about a given
43:50
property rights to all of humanity.
43:51
I never thought about how you know these people in Lebanon or
43:54
like Like try to rob their own bank accounts to get it their
43:57
own money. It was like maybe this isn't
43:58
just some kind of bull crap internet that money.
44:01
So like try to frame why it's important not so much why it's
44:04
an investment. I like to tell people, you know,
44:07
Bitcoins an investment in the future of human Freedom.
44:09
So let's hope it breaks to the upside.
44:12
I love it, I love it. And I like this little quote,
44:15
you put here, you know, we say this all the time and this is
44:18
something I think. Like, I've personally dedicated
44:22
my whole life to is the same thing that you put here.
44:24
Like we talked to people from all walks of life and enter the
44:27
basic questions, common to every Bitcoin Noob.
44:29
We're trying to onboard as many Freedom Fighters as possible.
44:32
Let's take care of Bitcoin. So before I ask what you came up
44:36
with the name of taking care of Bitcoin, I just want to ask you.
44:40
What's your, how has been the response to your perspective on
44:47
being like a freedom fighter? Do you think the average person
44:49
cares about Freedom as much as we do our, we just like a niche
44:52
group on the internet that like thinks, Freedom is the most
44:55
important thing that most people should care about.
44:58
Yeah, I think it's probably one of those things where they care
45:01
about it once. They kind of have two, which is
45:03
a little more difficult when you're talking about a United
45:05
States audience because I like we kind of lead into we have
45:07
Financial privilege or banking institutions are pretty good.
45:10
So you have to kind of explain how Bitcoin is a global
45:14
permissionless asset. That, you know, you might not
45:17
care because your Bank of America account or whatever
45:19
works fine. But the idea that this no matter
45:23
who you are, where you are on Earth, What kind of economic
45:25
situation you're in? What kind of authoritarian
45:28
regime? You might live under kind of the
45:30
idea that it's, you know, Freedom matters and like Freedom
45:33
has been kind of marginalized. I feel like a recent years, the
45:36
pendulums got a swinging back a little bit hopefully, but when
45:40
it kind of went Freedom kind of gets pushed into a corner, it
45:43
feels like all of a sudden Bitcoin was kind of a freedom
45:46
fighter super weapon that we just found at the game that all
45:49
of a sudden allows you to fight back because the thing about
45:52
people that are really value, Freedom is there horrible at
45:56
organizing. So the thought that they're
45:57
going to like really go and like start some kind of political
46:00
movement, that's going to really move things but they just want
46:01
to be left alone and they just want to do their thing and they
46:03
just want to raise their family. It's hard for those people to
46:06
organize the less, you can really organize around a really
46:08
powerful idea. And I think that idea is Bitcoin
46:11
that allows you to collectively organized without even meeting
46:14
each other without even rallying together.
46:16
You all just rally around an idea and spread that idea and
46:20
that idea is going viral that obviously has legs.
46:22
So it just needs all of us to kind of Push it along and we can
46:25
all do that from our own space. I love it, bro.
46:29
And restaurants. Are you taking notes?
46:30
I want you to jump in as well, but you just kind of touched on
46:34
the name taking care of Bitcoin. And I think, I think you just
46:38
kind of added that to set at the end.
46:39
But how did you come up with the name and then I'll address and
46:41
of it. Oh, yeah, just came.
46:43
I'm a huge Elvis Presley fan honestly.
46:45
Like, that's where it came from. So, it was the take care of
46:48
business, he used to wear like, you know, the TCB.
46:50
Memphis, I do it. I feel what I have there.
46:53
Yes. I was like, you know, just take
46:58
2, CB, I'm going to start, you know, the, you know, the mempool
47:01
mafia or whatever the hell would be.
47:02
But like, so it's just that idea of that kind of rip.
47:05
So take care of business, you know, that's a great idea.
47:07
Would you got to take care of it, we got to spread it.
47:09
So TCB, baby. Let's go.
47:11
Let's go. Taking care of Bitcoin, taking
47:18
care of business. Question mark earlier and I was
47:21
like awesome man. So mean Meeting people where
47:25
they are. It's kind of like education 101
47:28
and some people just like negate that they think they have a
47:30
one-size-fits-all statement that a fit everyone but everyone
47:34
comes from different areas and niches and interests and like
47:38
you were touching on all the areas that Bitcoin touches Tech
47:43
economics politics. I mean it's just wild wild and
47:48
finding which area appeals to a certain individuals so that you
47:51
can give them you know, just drop a little nuggets here.
47:54
Are and and send them on their way.
47:57
And people come for the tech, the econ, the gains, the
48:00
political side, just really badass, and finding what
48:04
Garner's that intriguing people. I love what you said there.
48:08
At the end with freedom. People would care about Freedom
48:13
when they have to, or once they understand its real value, which
48:18
goes back to the first statement, man.
48:20
Awesome stuff. I loved hearing you today TCB
48:23
that the killed crap. Appreciate it.
48:25
Yeah yeah. 100% And it and you like to you guys a point about
48:29
Freedom at the end, you know, I'm a first-generation American
48:32
and it really is mind blowing. How little people care about
48:36
Freedom, you know, we are the land of the Brave home went
48:39
home, what's it home of the free.
48:40
And yet most people just couldn't like, I think they've
48:43
been lulled to sleep or complacent about this whole
48:46
idea, like people have literally died for this freedom and people
48:50
are just giving it away on a platter and this is why there's
48:53
so many of us. Owners that you know, say to me
48:56
like we will die on this hill. This is something that I think
48:59
not only is going to benefit my life but it's going to benefit
49:03
all of humanity from this point forward.
49:05
And I think this is part of this idea that bitcoiners and I do it
49:10
in myself and I continuously go through this process of like
49:12
taking what we're doing, very seriously and understanding the
49:16
importance of everything we're doing here and I know we like to
49:18
giggle and have fun while we're doing this.
49:20
Because if you're not laughing and enjoying your time during
49:23
this, this this A transition. It can get very dark mentally
49:28
and we have to ensure that we are in the best mental space.
49:32
But it's very interesting just how little people care about
49:36
freedom and the home of the free.
49:38
And so, you know, kudos to you and we will both be brothers in
49:43
arms, spreading the Bitcoin message.
49:45
So, continue on the mission, bro, and we will continue on the
49:49
mission. So everyone go check out taking
49:51
care of Bitcoin, taking care of Bitcoin.com.
49:54
Mom. But let's move into the memes,
49:56
guys. Your favorite portion of the
49:57
show. The daily meme review brought to
50:04
you by Kaboom racks. I get this question all the
50:06
time. Nico.
50:07
Where should I buy Bitcoin? Miners to answer is Kaboom
50:10
racks. It's the best place to buy
50:12
Bitcoin miners. That's where you're going to
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find the best deals and the best prices start.
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Your mining Utopia today to check out their racks.
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You got to go to T dot me, slash Kaboom racks.
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Join their telegram group and start your mining Journey today.
50:26
Kaboom racks. All right, guys, you already
50:32
know this is the meaning of your favorite.
50:33
Portion of the show, continuously tag me in memes On
50:37
Target off with a bang. Yeah, also drop memes in our
50:42
telegram group. T.
50:44
Dot me slash simply Bitcoin and I will do my best to get through
50:48
all of the signal in there, to get you guys the memes on the
50:51
show. But again tag me on Twitter.
50:54
I will I'll you know I like them and I'll get them.
50:57
On the show. There's only there's only some
50:59
spots but you already know tweets are the bullets.
51:02
Memes are the artillery as TCB showed us and we continuously
51:05
elaborate on the idea that we are all in the information War.
51:10
Right now you guys are Frontline soldiers.
51:13
Continue to put truth, in art, continue to get calls of action
51:16
continued to spread the signal because this is all we have to
51:19
do. On the one hand, it is an
51:21
education front. We do need to educate our
51:24
friends and our family. But on the other hand, it is a
51:27
weapon. And because we are in an
51:29
information War and the only thing that the corporate press
51:33
has is the Monopoly on truth. So tweets are the bullets.
51:36
Memes are the artillery continue to put your hat in the ring and
51:39
continue to counter all the Fudd from the corporate press.
51:44
Anyways, let's get into this meme.
51:46
This first one. Shout out to my boy rope, he
51:49
continuously trolls. Me in my DM's telling me that I
51:52
have, I am the worst person at scribing memes.
51:55
So let me do. Do this meme not so much Justice
52:00
because I'm going to obviously butcher it again.
52:03
But anyways, rope goes at roping on.
52:05
Twitter can ton steak, but, you know, jpegs and we gotta we got
52:12
a queen on on her pedestal and it's clean vitalik with unicorns
52:17
and rainbows on her dress and a little etherium in his fingers,
52:21
her fingers, I don't want to, I don't want to, you know, Here at
52:28
Mickey, never mind. I'm not going to say it because
52:30
in the space you'll get that anyway, that says Department of
52:32
trans. But telling this is pointing out
52:36
at the Masjid, let them own jpegs, a throwback to let them
52:41
eat cake. This next one, shouts out to at
52:43
pleb signal BTC and I think this is something that we we
52:48
continuously do here. I'm simply Bitcoin is try to
52:50
illustrate the idea that you are ascribing value to a piece of
52:54
paper, because you think it has value.
52:56
But hey, You know this meme literally puts it in one
53:01
beautiful picture and it goes, the only difference between
53:04
these two images and we have dollar United States dollar, one
53:07
dollar bill. And this drawing of a United
53:11
States. A one dollar bill is that you
53:13
believe one has more value than other, they are both printed ink
53:18
on paper. Yet you believe that the dollar
53:21
bill with green ink has more value than this.
53:23
Really great. Great illustration US dollar.
53:27
Okay, this next one sets out to my buddy always fly.
53:30
So probably one of the best chefs on bitcoin, Twitter.
53:33
Actually there's a few, I don't want to I don't want to
53:35
denigrate some of my other friends that are also very good
53:38
Chef anyways, away, sides together.
53:40
This is the best thing I have ever made and that's saying
53:43
something considering I've eaten his steak, pause and it was
53:47
delicious. Anyway, we got this cat sitting
53:50
here with a wrench and he's got his paw on a hood of a car.
53:56
And the cat is bit Coin and the hood of a car is everything.
54:00
I eat, Bitcoin fixes everything and Bitcoin is a cat that will
54:04
fix everything, like the mechanic, fixed my car, that
54:07
looked like the goddamn it. Another one, here we go.
54:12
I had to, I had to all right, shouts out to Bone, his Sita 777
54:17
and he goes any takers. I'll include a picture of my
54:20
original art and we have the meme template of I will trade
54:25
you an offer. I received 950 million Sach and
54:30
you receive once at with a JPEG inscribe, Don't Fall For a guys,
54:36
sure know your belly buttons and the current thing, man, the
54:41
current thing Bitcoin is love. The current thing guys, it's
54:44
back to the idea of Bitcoin, just being so boring.
54:46
You know, a stable monetary network is just so boring guys.
54:49
That, like, we got to make up new entry quote-unquote,
54:53
interesting things that keep us entertained whereas, like I do,
54:57
No, I like the idea of separating money and stay and
55:00
just holding a money that doesn't get the base, but hey,
55:03
maybe I am. You know, toxic Maxie anyways,
55:07
shouts out to cinema Maniac, 20 and shuts out the Crystal and
55:10
while he was on the show yesterday, and he tagged Us in
55:12
this meme, guys, this is what you can do.
55:15
Tag me in the memes and I'll and I'll get to him anyways.
55:18
Cinematic 20 goes, Satoshi Nakamoto is the patriarch of
55:21
this new era, and this is the classic trumpet meme of the, the
55:25
school girl girls. And And has their head in the,
55:29
it's a trombone. Sorry.
55:30
A trombone. And the girl is playing the
55:33
trombone straight to the head. So the trombone is truth.
55:37
The person playing the trombone is the Bitcoin maximalist and
55:40
the person with their head in the trombone is the world.
55:44
I think this is fitting considering what TCB and I were
55:47
talking about in the culture. It does feel a lot of times like
55:51
we are for spilling our friends and family out there and I don't
55:55
know if I want to say we're doing them amidst Justice.
55:57
As a disservice by just continuously beating them over
56:01
the head with the truth but hey this is what we do, everyone do
56:05
what you think is best beat your friends and family over with the
56:08
truth with the Bitcoin signal and they will remember oh yeah
56:12
he was the smart one that told me that I should buy Bitcoin and
56:15
I didn't listen. Anyways, this next one is by
56:17
Vandal ABT see on Twitter and he goes never hashtag Bitcoin.
56:22
And we got a 300 meme actually I missed Miss time that one.
56:26
We got zero. She's As the Central Bank, he's
56:29
got inflation and cvtc's on one hand.
56:31
And he goes, I require only that you take a knee and we got the
56:35
big corner at the bottom that says, see that's going to be a
56:39
problem and I got my 300 a Woo's on here for that, right?
56:44
Not today, Satan Desir. She's anyways, this last one is,
56:48
by Lena c-shay and it's a little hard, lurk comic.
56:53
And it's back to this idea that we continuously.
56:55
Tell you guys on the show, Is that what we are doing here is
57:00
not only educating people on the one hand, but we are
57:03
continuously countering the corporate press for the
57:05
corporate press lies because they are gaslighting the person
57:10
out there because they know one thing.
57:12
And they know what we know here at simply Bitcoin is that the
57:15
average person still doesn't fully understand Bitcoin.
57:18
And on to an extent I might I might lean into the idea that I
57:21
don't think they need to fully understand Bitcoin.
57:23
All they need to understand is that the if they hold their
57:26
value in Bitcoin, Their life will become better and their
57:30
savings won't get the base. Like it does on the Fiat
57:33
standard. Anyways Lena see.
57:35
Shades comic goes, the daily fun.
57:37
And we got some little hollers and go or this is the corporate
57:39
press. Sorry business.
57:40
We got some suits here because what are we doing today?
57:44
And there's spinning a wheel to find new narrative, Fudd lines
57:48
and it lands on destroys the environment so the other suit
57:51
goes climate change. Wait, what's today's foot?
57:54
It is climate change and you can see we got ad campaign.
57:58
Any piling up in bags and we got papers people selling T-shirts,
58:02
like the change. The code people out there
58:04
Greenpeace Trek anyways, and we got signed proof of stake over
58:08
proof of work and we got more signs that Bitcoin will use all
58:12
the world's energy by 2025. See you see the crossing it out
58:17
and it needs to need to continuously, move the goal post
58:20
because Bitcoin is obviously winning and member yesterday.
58:25
Oh no, it was Friday. I think it was Friday when Mike
58:27
was on. I jokingly leaned into the idea
58:30
that we should unplug Austria because it's using too much
58:33
energy. Well, we got the sign here
58:35
Bitcoin uses as much energy as Austria.
58:37
And I like that it's aligned because they will continuously
58:40
erase it and add a new country in there that we should be
58:43
afraid of. It's going to boil the ocean.
58:45
Oh, and look, I didn't even know that with the next sign is
58:47
Bitcoin will boil the oceans and crossed out Bitcoin, man.
58:53
It's almost like bitcoiners are just right continuously and it's
58:56
almost like we We have we have you know destroyed these Fudd
59:01
lines in the past already, but hey, you know, I don't know,
59:05
maybe I am just a Savage Bitcoin.
59:08
ER and I'm just so far down the rabbit hole that I already know
59:10
everything that they're going to say.
59:11
Anyways, today's meme review score for me for myself.
59:16
I'm going to give it to cups, my water cup, and my coffee cup
59:22
that says, let's do this. Let's go.
59:25
Okay. Rustin what you mean?
59:26
Review score, very nice Ari. Since they're gaslighting us and
59:30
Jukin are pull straps, Bitcoin doesn't give a shit.
59:33
So I got a honey badger right here because Honey Badger Don't
59:36
Care. All right, let's go.
59:40
All right, TC be what she does. It mean review score.
59:43
That's see, Mommy a score. I will give it the.
59:47
Jealousy Opti has for Christine lagarde's cold black hearts
59:51
because it is pounding away inside of her and he is not
1:00:05
Live on the show. All right guys, drop your me
1:00:08
movie. You score in the chat and I will
1:00:11
cover it live but before we do that go check out represent
1:00:15
LTD.com promo code simply Dash Bitcoin.
1:00:18
I think it's all caps. That's what it looks like.
1:00:20
Here we wear the merge every single day.
1:00:22
I'm wearing the simply Bitcoin dad hat, Russians were in the
1:00:26
Snapback I'm wearing. Some represent, orange pill
1:00:30
trust no one mert from the site and guys we love them.
1:00:36
Go check them out. I know that the hoodies are
1:00:38
mainly sold out, there's still some left so if you want to
1:00:42
support the clothing, merge go. Get it now, represent LTD.com
1:00:47
and will see you will see you at the conferences in the simply
1:00:51
Bitcoin merge. Anyways, before I go on, I see
1:00:55
we have a super chat here. So chefs had to g-dub the Laker
1:00:59
24. Super chap, five US dollar.
1:01:01
Thanks fellas. Let's smash.
1:01:03
Buy Bitcoin, simply Bitcoin equal, the best show in the
1:01:06
game. Verify.
1:01:10
Okay, hold on. I'm getting trolled in the chat
1:01:13
because apparently, I don't know anything off the, Your Meme
1:01:18
description. Talk.
1:01:18
The best. It's a balcony Abdi, it's a
1:01:21
front bumper. Property also awesome.
1:01:26
Awesome rope wants me to say things are sees one more time
1:01:31
the xerces. Okay.
1:01:32
Alright anyways, let's get to these mean review scores.
1:01:35
First one she's urmila's you guys.
1:01:37
I'm giving the memes 10 free memberships to my paid NOS to
1:01:40
relay if, you know, you know. Okay.
1:01:43
All right, let's go. All right.
1:01:45
This next one, the p man van. I give those memes of the giving
1:01:49
Christine a dozen black roses wrapped in paper with Criminal
1:01:52
record on it. Oh dang, okay.
1:01:56
Nile is filled score. Bitcoin didn't fix off the
1:01:59
encryption. Oh my goodness.
1:02:05
Okay, rope sheet, rope. I told you, you needed to give
1:02:08
me you needed to give me a meme note, so that I knew exactly
1:02:12
what I was saying on today. Anyways, he's writing.
1:02:15
Those memes. One.
1:02:16
Balcony. Equals one pedestal.
1:02:19
Yes. Yes.
1:02:20
Okay. Oh man, I'm getting trolled
1:02:22
heavy today. Alright, Bitcoin for Canadians.
1:02:24
I give those memes up these trombone.
1:02:27
That looks like a tuba. Oh my God.
1:02:29
All right. Okay, thanks Nico.
1:02:32
Now, I'm getting Ragnar. Next, Frank aren't I gave these?
1:02:35
This means nothing because the economy is doing just fine.
1:02:39
Oh, man. Okay, alright, couple more Jose
1:02:42
Salgado. I give those memes. 2% inflation
1:02:44
is normal, guys. Yeah man, what is going on here?
1:02:48
Elaine shots at Tulane. I gave those memes.
1:02:51
A new rendition of taking care of business, with Bitcoin in the
1:02:54
lyrics. Let's go taking care of Bitcoin,
1:02:57
I think I've ever won anyways. Bitcoin Becca I give those memes
1:03:00
10 C's golden Chariot, okay. All right.
1:03:04
Oh, how am I? Apparently I can't pronounce the
1:03:07
issues but whatever. All right.
1:03:11
Okay. Anyways anyways guys, before I
1:03:15
get trolled more, go check us out in audio only platforms on
1:03:20
anchor, Spotify Apple. We are a part of the Fountain
1:03:24
Valley for Value economy and we will cover those comments on
1:03:27
Friday. I might have to do a long one
1:03:29
since I for I was I was am IA last week.
1:03:33
Week but you already know so we will cover your comments live.
1:03:38
Also go check us out. Simply Bitcoin dot news.
1:03:41
Simply Bitcoin unfiltered. Shout out to all of our Riders.
1:03:44
I like I'm going to I'm going to do a cop-out too many to name
1:03:48
right now but you guys know who you are.
1:03:49
You guys are dropping that hot fire and I really appreciate it.
1:03:53
I love what you guys are doing continuously double down on our
1:03:57
signal over there. And if you like what we are
1:03:59
doing on the show, Go read a slab over there.
1:04:02
Anyways last but not least go check out T dot me slash simply
1:04:07
Bitcoin TBR telegram group. If you want me to cover your
1:04:10
memes go drop them in there. There's a lot of signal.
1:04:12
Lot of cool people that hang out in there continuously that are
1:04:16
doing the Lord's work and countering all the Fudd.
1:04:20
Anyways, Next, let me plug our Our Guest today TCB.
1:04:31
Let the people know where they can find you what you're working
1:04:34
on next and yeah, we'll roll this one out.
1:04:40
Yeah, I'll just keep the passion project talking to the bitcoin
1:04:43
news, the bit code. Curious, get him on the signal,
1:04:45
get him on the mission. So you can find me on Twitter at
1:04:48
TCB, coin or the Tinker Bitcoin podcast.
1:04:51
It's a Well Spotify excetera so yeah please tune in there and if
1:04:54
anybody is interested in coming on the show please please reach
1:04:56
out. Let's go definitely hit him up.
1:05:00
Go check out the his Twitter and the side hopes wrong one wrong
1:05:05
one. Anyways guys, you already know,
1:05:08
we appreciate you guys will be back to normal tomorrow.
1:05:11
Nico will be back will be hosting the same show as always
1:05:14
but of course go hang out with us on Twitter spaces.
1:05:17
If you want to continue the conversation will be going for
1:05:20
about another 30 minutes. And we appreciate you guys
1:05:23
continue to spread that Bitcoin signal, not just us but all of
1:05:27
the signal, we also have an IRL tonight.
1:05:30
I think it's at 5 p.m. eastern time.
1:05:32
So go join us on our Twitter and our YouTube.
1:05:37
We appreciate you guys and we will see you tomorrow.
1:05:40
Alright. Peace out guys.