BTC Sessions - NEWS ROUNDUP: Bitcoin Whitepaper On Every Mac! ep335

Episode Date: April 6, 2023

A copy of the Bitcoin whitepaper is hidden on every Mac, El Salvador stacking wins, Bank of England gaslighting on inflation and much more on today’s episode! 💪 SUPPORT THE SHOW: Nunchuk Wallet and their Honey Badger plan is a best in class assisted multisig setup with built-in inheritance planning and NO KYC. Pass on your savings to your loved ones with ease in a simple claiming process with full customer support. Check them out today! https://nunchuk.io/ Start9 is your Bitcoin & lightning node, and full personal server - enabling you to take back control from the gatekeepers of your money and data! Grab an Embassy today and become truly self-sovereign! https://start9.com/ HodlHodl is a NON-CUSTODIAL, NON-KYC solution to stack sats peer to peer! Buy and sell Bitcoin while maintaining privacy. Furthermore, you can check out their Lend platform for p2p loans that are never rehypothecated. Sign up and try it out today! https://hodlhodl.com/join/BTCSESSION Coinkite offers the BEST Bitcoin hardware on the market. Use this link to get 5% off anything in their store: https://store.coinkite.com/promo/BTCSessions    The Miami Bitcoin Conference is the largest Bitcoin event in the world! Come check it out in Miami Beach Florida on May 18-20th. Use code BTCSESSIONS for 10% off your tickets! https://bm.b.tc/btcsessions Free video tutorials not enough? Need some extra hand-holding when mastering self-custody, multisig, coinjoin, running a node, or other skills? Book me for a private session on my website! https://www.btcsessions.ca/ Like what you see? BITCOIN TIPS: https://strike.me/btcsessions⚡[e-mail]

What is going on, everybody? Welcome to the show. Another week, another episode of Simply Sessions. We got our good buddy, Nico, here from Simply Bitcoin. And for the first time ever in SimplyVision, apparently we are going to be streaming also simultaneously to the Simply Bitcoin channel. So you've got the Sessions side. You've got the Simply side.

And they're coming together almost. as if they are touching tips together in a live streaming environment. So we're going to be seeing about doing a bit of this. And then you can just watch it from wherever. We're just happier you're here. That's all we really want. We're just excited to have you here. So we're going to be talking about a whole bunch.

Have you checked out of the copy of the Bitcoin white paper on your Mac? Do you know what I'm talking about? We'll be chatting about that a little bit. We're going to be talking about El Salvador. We're going to be talking about Texas. We're going to be talking about packs full, whole bunch of stuff been going on this week, and Nico is here to fill us in.

Very excited about it. Of course, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live. We'll do it live. Do it live. I'll write it and we'll do it live.

The thing sucks. If you have not already, please do like, subscribe, and share to both channels. I am Ben with the BTC sessions. This is your daily session. Before we dive in, let's take a look at where we are in the market right now. This is timechainstats.com.

My time chain calendar wasn't loading. So for the time being, we are over here on timechainsstats.com. We're sitting at $28,000, $28,068,000. 68. Come on. Turnover. Turn over. No, it's not going to do it for me, is it? $200,000. I'll just go for it anyways. $28,069. Nice. Dollars per coin. A single U.S. dollar will pick you up $3,563 sats. In terms of fees, 34 sats per byte for next block, if you're willing to wait a little bit, 11 sats per byte should do you. And where I'm at here? I'm learning my way around this, by the way, so you know, it's all so new to me.

Where are we at? Holy crap. Wow. Apparently I need to reacquaint myself with this. But nonetheless, I'm just going to, we'll just go with that. All right. Let's just dive in. All right.

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CoinKite.com. You can use code BTC sessions for 5% of everything and hit me up in Miami. I am doing a cold card workshop, so check it out there. Now, if you're looking to go beyond just single-sig options and you're looking at perhaps multi-sig, Nunchuk has you covered with the assisted multi-sig setup

and built-in inheritance planning. Super easy. I've done a full video on it. It walks you through step-by-step. The app walks you through step-by-step, everything about setting up your devices and getting your multi-sig and your inheritance planned out. Works with the cold card, works with tap signer,

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I've covered these guys a whole bunch. you can set up your full Bitcoin stack, Bitcoin core, lightning, geez, all of it. Join market, mempool. That space. You can also host your data, passwords, photos, files, all that stuff. And you can host Noster relays and Noster clients, all kinds of great stuff. Check them out. Start9.com.

The Embassy One is your kind of base entry-level solution. And if you're looking for something super beefy, the Embassy Pro has you covered as well. A quick shout out to the fountain boostograms. Weekly Hoddle said, abs, always be stacking, end meaning. Mo BTC Dick says, I have heard 23% of hash rate is now hydroelectricly produced. Does this mean Canadian miners are putting in serious work? There's a lot of hydro out in Quebec, although they've been kind of crappy to miners, to be honest. Yeah, besides the point.

Anyways, Joey says, I heard some Fiat trader bro that BTC is going down in a few months. I got to say I agree with him that BTC is going down. No, not Bitcoin. I'm talking about the Benico touching tips ceremony. Hashtag touch tips tribe. Fantastic. Unit of account gives me the peribita. Al-Al-Al-Kool says,

I need to make an S-9 space heater. Can't wait to learn. For sure, man, check it out. Michael says if Liberty means anything at all, it means the right to tell people what they do. do not want to hear. JPC says welcome to the home heating, welcome to home heating with a minor and cryosats with 20,000 sats to stay humble and stack sats. Thanks man. Good to see you. Let's let's dive in. Let's, I'll clear my screen here. Let's welcome them up. Hello, buddy. How are you

doing, man? Yo, this is crazy, bro. Multiccasting. We're in, we're in two places at once. I don't like the tips don't know where to go. I know, bro. I know. The tips aren't long enough. Too many places to be. There's so many great hashtags that are happening. Touch tips tribe.

What do you think of that one? I like it. Maybe we start a movement and the higher Bitcoin goes up in price. The more people will have. We'll just start walking on the street. You'll see someone with the streak. That guy's a bitcoiner. You know it.

Yeah. I mean, it's maybe I wonder if more people might partake in the streak ceremony and we'll just have like an army of streak minions. It could happen. It could happen. Well, let's redecorate in here. Let's get some snazzy. Bam.

Simpsessions. Yeah. Yeah, man. Well, let's, I guess let's kick it off. First of all, again, thanks for, I mean, I assume it'll, be equally pleasantly viewed from either side of the aisle. So if you're watching from the simply Bitcoin channel,

welcome. If you're watching from my channel, welcome as per usual. And yeah, I don't even know in the comments like who's coming from where. Oh, actually, I do see. I see it. It's the little chain. It's the little chain.

Oh, yeah, yeah. Awesome. Well, this is cool. I'm stoked to see everybody popping in. Anyways, guys, thank you for being. And I'll pull up comments from here and there. We'll be, look, I think I need to make an effort to be more interactive on the news shows. Because I am on the, why are we bullish?

Because I get time to like, you know, sit back and relax. Well, the other guests chat and everything, but I tend to be pretty all over the place with the news. So maybe we'll start by being more interactive. with everything here. But anyways, dude, what's been going on? Where should we start? What's what's going on? Opti in the chat. Wait, what room am I in? Where am I? I don't know who to shoot.

Oh, man. Amazing. Awesome. What's top of mind, man? What's been going on? Dude, crazy, crazy, crazy week. So many things, so many things happening in this continuation of separate money if in state, man. The some crazy things, some crazy things. So first of all, you guys know the deal. We're apolitical. That left, right.

It's all BS. It's not red versus blue. It's orange versus green. Okay. So that being said, right? You had Donald Trump basically saying the quiet part out loud. And this was the day that he got indicted, basically saying, look, the U.S. dollar is at risk of, of,

losing world reserve currency status. But I think, just hit the crap out of my mic. But the thing, the thing that I, that I find the most interesting is the hypocrisy, right? The hypocrisy from the legacy corporate media, Fiat machine, basically saying that El Salvador Naimbu Kale is a threat to democracy, even though in the U.S., right, they just put, whatever you think of Donald Trump, right? They just put the opposing political frontrunner in prison, right? So it's just interesting how that is, but Ben, do you mind playing the clip?

And then we'll jump into the article. Let's do it. Okay, here we go. Clearest perspectives on our country come from outside its borders. With distance comes clarity. So with that in mind, here is Salvadoran president Naeep Buckeli on Twitter today. quote, think what you want about former President Trump and the reasons he's being indicted, Buckelly wrote, but just imagine if this happened in any other country where a government

arrested the main opposition candidate. The United States' ability to use, quote, democracy as foreign policy is gone. Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat, frankly, in 200 years. There will be no defeat like that. that will take us away from being even a great power. Ooh. That's spicy, man. So spicy. And if you don't mind, Ben, let's pull up.

Clearest perspectives. My bad. There we go. There we go. Do you guys remember this? We covered it. El Salvador's authoritarian president is becoming a regional role model. This is dangerous for democracy and human rights.

Isn't that pure? Literally, bro. Just hypocrisy right up in your grill just as much in your grill as the European Central Bank tweet that basically said, hey, the reason that there's rising inflation is because workers are asking for money. And I have a theory about that, Ben. I don't know if you know, but Christine Lagarde and Opti were in a relationship. Opti dumped Christine Lagarde. And I think this is Chrissy's revenge.

That's my opinion. It might be. It might be. I mean, she is spiteful. I know that about her. She doesn't, she doesn't take that kind of stuff. I mean, she, she's going to pull that head and shoulder sponsorship. She's not going to be kind of like it's, it's all going out the window. It's good. It's crumbling around us. So yeah, Opti is 100% responsible for inflation. Everyone knows now. Yeah, that's that's what I've taken. Take this. I got to shout out to a Bitcoin croissant. It says Trump has, truth spoken by Trump, I'm not political. I mean, I got to say like, it seems at least directionally correct, right? Like people are moving away from the dollar.

You're seeing more and more announcement. And it's not going to happen overnight. But like, you know, pulling the whole, we're going to freeze, you know, the reserves of Russia.

You know, it is going to be, a massive change as it gradually happens for the U.S., right? Like, there's been, the U.S. has had this exorbitant privilege of being the World Reserve currency. And let's be honest, it's been used in a way that has been more or less predatory, especially to developing nations. And so, yeah, it's going to be rough.

I don't, I mean, really, if you take it. of that position and you're too predatory to it, then what do you expect to happen? It's going, people are going to shift and look for other options. They're going to try and roll out options that are, you know, more favorable to them. But luckily, we have this kind of neutral global settlement layer that people can opt out to instead. 100%. One, one, one million percent. Anyways, So other news coming out of El Salvador, El Salvador President Reddy's bill to eliminate taxes on tech.

And there's more information. El Salvador is president, I'm Buckele, said on Thursday, he will send to the country's Congress next week a bill to eliminate all taxes on technology innovations as well as computing and communications, hardware manufacturing. Quote, next week, I'll be sending a bill to Congress to eliminate all taxes, income, property, capital gains, and import tariffs on technology innovations, such as software programming, coding, apps, and AI development goes on to say the tax cut would also encompass

computing, communications, hardware manufacturing. The Salvadorian leader is eager to make the Central American country a cryptocurrency hub. I hate how they say that. No, it's a Bitcoin Hub and here's a tweet by the Bitcoin office and here's the English translation of a lot of parts of the bill which we we kind of just read the very important parts from the Reuters

article. So anyways dude it's just man it's interesting how much the media tries to spin but this guy stays winning and I believe he stays winning because El Salvador has adopted a Bitcoin standard. Yeah man. I mean look look this is

This is the exemplification of a move towards that sovereign individual thesis, right? The flag theory, go where you're treated best. You know, this is what was foreseen in that book. And all that really needed to happen for it to fully take place was a sovereign, apolitical money that is global. Because we already had the communication infrastructure. We already had the idea of global nomads being able to work from wherever. We just needed kind of that global money.

And we needed the, you know, we had a degree of countries kind of catering to people like this. But like this is full on a country catering to the entrepreneurs that they want to attract and using an apolitical money, a global currency to entice them to come there. use that currency and live in a self-sovereign way. Yeah, I'm curious to see when we have like very, very visible alternatives to El Salvador, what that competition becomes like, right? When El Salvador is like, hey, no taxes on this, that, and the other thing, you know, come here, be Bitcoins here. And then you get the next country to come in. and say, hey, but also over here, but here's another tour, here's another little special incentive that we have for you to come here.

The competition is going to get fierce, I think. And then the protectionism of places like the U.S. is going to get fierce. The U.S. already follows you everywhere on the globe to collect Uncle Sam's tax money. Can you imagine how much worse is going to get when you have countries enticing people to go there like this. Dude, bro, it's game set and match. And I don't think that they are aware of that. Like, I think politicians are still playing the, this like weird game of, hey, uh, you know, uh, this weird game of like, hey, uh, for, they still believe that they have this like geographical monopoly advantage, right? But the reality is that that's, it's not the case anymore. Like,

Bitcoiners, specifically Bitcoiners, the ones that take self-customers. The ones that take self-cust dude, they're just going to get up and leave if you treat them unfairly, right? And actually that, that, like, that is a perfect segue to what is happening in Texas, right? So in Texas, so for anyone who doesn't know, Pierre Richard last week basically was trying to make the case that, you know, you shouldn't get rid of the incentives. This bill in the Texas Senate was introduced. It passed committee. Now it's up for vote in the Senate.

And what it would basically do is that it would limit the amount of power that Bitcoin miners could sell back to the Texas grid. It'd limit it by 10%. It would also take away a bit of tax incentives. But what they don't know is that what happened when China banned Bitcoin mining? Where did all those miners go? They flowed to where they treated best. And this completely coincides with the theory and the sovereign individual, right? With the rise of information technologies.

It's going to empower individuals, the likes of which has never seen before in human history. And I don't think governments are accustomed to that. They're like, look, this is the law. And they're not accustomed to a bunch of bitcoiners that are saying, look, I'm not going to sell my corn. If it means I have to memorize my 24-word seed phrase to bring my Bitcoin and my family's future with me, Fuck you. I'm going to, sorry. F you. That's what I'm going to do. So anyways, I'll read a little bit of the, a little bit of the details.

And by the way, I think this seems to be like an older article, but this was passed by committee. Anyways, so Texas committee has moved forward on a bill that could make the state less attractive for Bitcoin miners. The bill sponsored by Republican senators, Luis Nico can't read guys or pronounce those names. but you guys get it. A bunch of Republican state senators aims to nix tax breaks and demand minors using more than 10 megawatts. Lawmakers in the state unanimously approved state bill

1751 10 to 0. Texas is considered one of the largest hubs for Bitcoin mining. You guys all know that. And the reason for this, and here's the key provision, and then I'll pass it on to you, Ben. A key provision of the new bill

restricts minors' participation in that. that demand response scheme to just 10%. Right? And here's some comments by Dennis Porter. Dennis Porter is the CEO of Satoshi Axin Fund. He says, quote, unfortunately, members of the committee were swayed by the influence of powerful bill sponsor. There is talk. It could also pass through the Senate. It will be critical to fight back against this bill in the House in order to kill the bill.

So, man, they're fighting back. Dude, who's doing this? Who's doing this? This is benefiting the Texas economy. I don't know what's going on there, Ben. So I've heard rumblings that was it like not not Berkshire Health pathway, the guy. God, why am I forgetting his name? The William.

Yeah, Warren Buffett. Yeah, I've heard rumblings about him having some incentives in and around the power generation there in and around the gas. the gas power and stuff like that and being directly incentivized to not allow this type of behavior in and around minors there, but I'm not, I'm a little fuzzy on those details. Nonetheless, like, okay, so this, let's say this fully passes through the Senate and becomes law. Well, I mean, you're absolutely right. Sovereign individual thesis playing out on a state-by-state level within the U.S. And if it becomes too onerous in the U.S., what happens?

The exact same thing that happened in China. People piece out and they head to more favorable regions. And it's the local economies that could have been better dealing with their grids. That could have had buyers of last resort to gobble up literal waste and pay for it. They could have had that buyer. And now it's just like, well, I guess what do we do with this extra energy? And they're like, oh, geez, we don't have anybody to sell it to. What do we?

I wish, I wish if only we had some conduit to offload this additional capacity that would purchase it from us really at any time. If only something like that existed, it's too bad. Oh, man. Exactly, dude. I mean, is it nefarious? You know what? No, of course it's nefarious.

If we know Buffett is involved, bro, I think it's safe. It's definitely, definitely safe to say. Anyways, also big news for today, nearly 110,000 Silk Road Bitcoin were sold by the U.S. government. A court document states on March 14, 2023, the U.S. government sold 9,861 Bitcoin. After transaction costs, the government received a profit of 515,000. million of 200, $215 million. Okay.

The government also disclosed that there, I've had a long day. The government also disclosed that there is still about 41,000 Bitcoin left to be sold, which they intend to sell over the course of the year and four additional batches. Okay. Hold on a second. Common sense. They're selling Bitcoin, which there's only 21 million of, to, for dollars, of which they have the ability to print an unlimited amount of what dude holy crap like in what world does that

make sense i have no idea i don't know it's it's it does boggle the mind i mean so i know that they're legally required to to auction it um but it's it's hilarious just the the act of selling something that is truly finite for something that is is truly infinite um And that they themselves can create. It's I honestly, people will look back at these points in history of the U.S. selling, selling massive amounts of Bitcoin. And, and they'll say, geez, they, you know, they might have done okay. Had they just held up onto all those seized Bitcoin from the Silk Road.

They would have been one of the, they would have retained their status as one of the richest nations on earth, perhaps. Yeah, I think this will be a one for the history books where people will laugh. It's going to be, you know how we look at the, oh, they bought Manhattan, the island of Manhattan was bought for around $24 worth of trinkets. This is the equivalent. They just sold Manhattan for pieces of paper like that. That's what effectively has been done here. But yeah, I mean, this, it's hilarious but not surprising all at the same time.

100% agree with you. Anyways, so the big news for today is the Wall Street Journal. Check this out, bro. This is the separation of money in state. Decentralized cryptocurrency markets threaten U.S. security treasury says. It goes on to say, the burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money laundering, the U.S. Treasury said on Thursday. The warning in a new Treasury report assessing the risk of the so-called

defy markets lay the foundation of tougher regulations and punitive actions by federal regulators. Defi platforms enable crypto investors to transact with each other through software running online. You guys all know the deal. But here's the part that I find interesting, and I'm going to tie this up with something that happens earlier on in the year. Elicit actors, including criminals, scammers, and North Korean cyber actors are using defy services and in the process of laundering illicit funds. Treasury's Under Secretary for Terrorism and Financial Intelligence, quote, capturing the potential benefits associated with defy services requires addressing the risks. The report sketches out how the Treasury Department plans to bring the market under greater

federal oversight suggesting the platform that failed to establish its sufficient vetting policies, risk enforcement action. I mean, again, the U.S. is acting like, look, we have everything under control. The reality is that Binance is an overseas company. FTX is an overseas company. Not to mention the fact that here, when they said North Korean cyber actors, that was the excuse that the Treasury used in order to justify the sanctioning. of open source software tornado cash, right? Which inevitably led to a big majority of Ethereum validators actively censoring for the Office of Foreign Asset Control,

which is part of the US Treasury, right? So again, you're seeing this slow creep, right? It's defy first. We have to isolate, you know, the banks, Operation Chokepoint 2.0. It's all for your safety. There's absolutely no inflation. You need central banks.

And what you actually do need is a central bank digital currency. So I'm not a fan of defy. I don't think there is such thing as defy. I think it should really be called C-Fi as a bitcoiner. But I am extremely wary by all the hostility taken by the U.S. Treasury over the last couple of months under the guise of it's for consumer protection, terrorism, anti-money laundering. It's like those are the three things. It's like we could do anything, take away all your freedoms, not have to go through Congress. just, you know, me, Janet Yellen, we have the, we have, we want to have the authority to do that.

And what's interesting is that in the TikTok ban, it gives them the authority to take even more power without going through Congress, specifically giving it to an appointed bureaucrat, not one that's elected by the people. So this is the slow creep, man. And I suspect, man, what's going to happen is that there's going to be this inevitable clash. and I think it's going to happen within the next 10 years. Yeah. The interesting part about all those things, the money laundering, the terrorist financing,

like all of the usual stuff that they throw out these things to basically have free reign to do anything. There's never like a burden of proof and there's never a comparison to existing systems, right? Because as soon as you hold up the two things, was it the former CIA director, I believe, came out and said like, actually turns out that like most of the money laundering and illicit financing and all that

stuff tends to run through the regular banking system like four times as much as is happening on Bitcoin. And that number is actually falling as more mainstream uses, you know, kind of roll out and more people are using Bitcoin for just day-to-day stuff. That number, that illicit number of transactions is falling as a percentage of total Bitcoin use. and the HSBCs of the world are still doing what they do best, which is like laundering money for Mexican drug cartels, getting caught for doing it multiple times over, and getting slaps on the wrist that effectively add up to, you know,

the cost, the business cost associated with making large funds, large sums of money for doing illegal things. So like it's, it's, there's no comparison. It's just like bad things happen on Bitcoin, which bad things happen with all forms of money. And they're blaming the medium rather than the crime. Yeah, 100%. Bro, spot on. I mean, but, but it's like it's all, it's all like, man, what's that famous term?

It's all smokes and mirror, man. It's like, look, like TikTok. talk bad, you know, Chinese communist government, but they just include all of this BS in the bill that would take even, take even more powers. And remember, that's kind of the trick that they played passing the Patriot Act. That is now, you know, 10, 15 years down the road has been used against the American public, right? So this is crazy. Yes, and read the mandibles. Read the mandibles. 100%. Sovereign individual, the mandibles. Holy crap. Holy crap. crap did they know it is it is indeed and i you know if if if if we could both channel odell

mandibles um it's a good honestly like the the the opening of the mandibles is kind of what grabbed me the most like the the the initial stages of like oh shit's shit's going wrong in the US. Like it's already bad at the beginning of the book, but like some of the major like presidential addresses and stuff like that. Because because I picture, I picture watching that for real because it's something that like we, we are seeing the precursors to those types of things now. And it's just like things that people couldn't imagine happening are happening daily now and I wouldn't be surprised maybe not to see exactly this because they'll just

you know the the options that they go through in the book I think that the US would just sooner fully print their way out of it but nonetheless it's a very interesting read the other if you haven't listened to the the interview with the author Lionel Shriver O'Dell had her on so good She's an absolute gem. I love listening to her. I love her so much.

And I think she's going to be in Miami, isn't she? Yeah. No. Yeah, I think Odell convinced her to be in Miami. But she's almost there, you know? But I was really, what I found interesting is her response, right? Like her response was, they're going to ban it. Like, they're not going to allow this to happen.

She doesn't really, she doesn't really know. but when she finds out, she's going to have that beautiful eureka moment that all Bitcoin is like, holy crap. Yeah. We can win. We can do this.

I mean, she's basing it on, like she, like throughout the whole interview, it sounds as if, you know, she just kind of has that, the same mentality that,

you know, you would in a world where you were like, well, gold made sense. And it was kind of our only hope. And then, you know, it was corrupt.

and co-opted and then the peg was dissolved and then not not understanding how you would build something that prevents those things from happening that's all that needs to be understood so if she can if she can work her way through the features of bitcoin that prevent that I think she's going to have that moment and I really hope she does I 100% agree with you yeah yeah anyway is Paxville and kind of connect us with what the Treasury was saying, right? So wait, hold on. I want to make sure that we're not going overtime. Okay, we got six minutes left.

Okay. Paxville closing. CEO blames staff departures, regulatory challenges. And again, that's really like, look at this. Look at this, back. A quarter of the company was compliance people. Even that was not enough to please Uncle Sam. Yeah. Yeah. It's a veritable nightmare, right? Like trying to run. And I mean, there's so many companies. What was it? Was it Bitrix that just exited the US too? They're like, no, there's this is way too much work to try and flee his Uncle Sam. We're out. Tough. Yeah. Yeah. I mean, dude, but like, like, again, like it's going to be such a hard pill for U.S. politicians because of like having, they've had so much power for so long. Then Bitcoin comes along and it's like,

that doesn't work anymore, bro. And then they just don't know what to do. Like it's just so crazy to me. Anyways, a moment of silence for Paxville. Yeah. All right. Okay. So let's move on to this.

And then I want to talk about the Apple stuff. But take a look at this narrative, the telegraph, totally, you know, legit, like corporate media outlet. Our money print. spree does not cause inflation crisis. Bank of England insists, right? And I want to take a look at this, right? So for our audio listeners, here is the inflation data from the UK, right? The annual CPI and the RPI inflation rates. And take a look at this, right? So this was 2020. And then the inflation rate shot up, right? So we don't have like the M2 data that we have from the Fed.

right but maybe you guys will see a pattern maybe we're just crazy bitcointers but this is the the M2 represents the the money supply basically and take a look around the same time 2020 the money supply just shot up maybe that relates and mind you every central bank around the world especially the big ones the bank of england you know the ECB you know the federal reserve they all did the same thing, right? They all kind of pulled this off. Now let's take a look at what the inflation rate was with the Federal Reserve. Of course, this goes back to the 70s and the 80s where it's very bad. But take a look at this. 2020 around exactly the same time when the M2 money supplies shut up and guess what? Crazy, crazy, crazy inflation. And it looks like this only goes up to

2021. How weird is that? What happened there? Why aren't you guys going to 2022? It's very strange. So when I see this, bro, this is pure propaganda hidden behind a very nice, you know, so-called reputable, you know, fiat. Like, bro, New York Times, all that, man. It's like they're dinosaurs of this age. But this is the type of bullshit they're feeding the public. I think if the public wakes up to this reality, Ben, it's game fucking over, bro. Dude, this headline here.

Like, first of all, the headline, Our Money Printing Spree did not cause inflation crisis. Bank of England insists, if that is not the most cope heavy headline I've ever read, I don't know what it's like, it's such gaslighting.

And then it also reminds me of, do you remember that FDIC video, the woman like a couple of years ago, like in the midst of the panic and stuff was going to shut down? People were, you know, starting to take money. of the banks and it was like the FDIC and she's like just so you know there is no need to go and

take your money out of the banks it is totally safe and like and people are like do you need to make this video if it is and like you know now looking back now like what what a canary in the coal mine that was dude they they they like what's that uh sholts and that's and that quote Like they lot, we know they're lying, they know they're lying, but they're lying anyways. Holy cow, man. This is just, it's a slap in the face. Anyways, the big news for today, I would say, is the Apple news. This is absolutely bonkers.

The Bitcoin white paper is hidden in every modern copy of Mac OS, meaning if you're using a Mac computer looking at you as Elizabeth Warren, you have a copy of the Bitcoin white paper on that computer. Even if you're not connected to the internet, if you guys want to give it a go, you put in these terminal commands and it will pull it up, which is absolutely freaking crazy. Here's a screenshot of it. It has all nine pages. I wonder what engineer was behind that. But here's the thing. Here's something very, very interesting, Ben. So here's Bitcoinreserve.com. It highlights all the celebrities, politicians, you know, business owners, athletes that are holding a Bitcoin or basically went out and say they own Bitcoin and guess who is at the top of the list, Tim Cook. Now, to be fair, in the interview that he did, I think it was with the Wall Street

Journal. They asked him, do you own crypto? And he, I don't know, you could tell that he says, like, no, I own Bitcoin. But, you know, to give him credit, right, you know, he didn't say that Apple was doing this, but he said something really interesting. He says it belongs in every well diversified portfolio. So you have just connect the dots a little bit. You have the Bitcoin white paper in every single Mac for the last four years. You have the CEO of the company saying, I own Bitcoin and it's part of a well diversified portfolio.

And then not to mention Apple's $204 billion cash problem. And you sense like Nico having $204 billion. What do you mean a cash problem? So if we talk about If we talk about Apple, the amount of cash and U.S. treasuries that Apple has and I'm looking for it.

And I can't find, here we go. Fucking up on air. I'm sorry, Ben. 200 billion away. Here it is. Here it is. Apple's cash investments first top 200 billion in the fiscal year ended in September 2015 Since then it has aggressively tried to dispense it.

Apple announced plans this week for billions in capital expenditures. It is also raising its stock buyback program by $90 billion. It goes on to say that it ended the March quarter with $38.5 billion in cash. And if you think about it, if you think about what, you know, and Michael Saylor has talked about this tremendously, right? So you talk about, you know, the amount of cash that Apple had. It's between $38 billion, $200 billion. But let's go.

Let's be conservative. And let's say it's $38 billion, right? If you multiply $38 billion, but the current inflation rate, that means that they're losing 2.2. No way that's right. Holy cow. They're basically losing hundreds of millions of dollars, if not billions of dollars in purchasing power.

every single year because they're choosing to leave their cash in in fiat now what michael sailor was doing is michael sailor this is literally the case that michael sailor is saying michael sailor is making the case that bitcoin is a viable alternative to holding fiat and i think next cycle naeem bu kelly on a nation state level and michaeler on a public company level will be very vindicated and they will prove that it's a much better idea to do that than to be holding fiat money in your balance sheet. Now, the reason that Apple's able to get away with this and then just shoulder the burden of losing all that purchasing power due to inflation is because of the whole the crazy amount of money they make. But could you imagine if Tim Cook feels secure and

he just takes, let's say he just takes 10, 15, 20% of. you know of the apple balance sheet or the the the part of apple part of apple's position in fiat and he puts that into bitcoin you'd be bro he'd be saving his company millions if not billions of dollars every single year so dude i think that this is an inevitability and i think there's signs there's signs that are being shown that the people at apple are big fans of bitcoin Yeah, I do wonder if, if like Tim Cook knew that this was there, if he was privy to it or if it was just like some guy on the team was like, I'm just going to bury this here and we'll see if it ever like, you know, if it ever shows up. Like I wonder if how many people were privy to this. I'm very, very curious. Nonetheless, it's clearly in violation of copyright and, you know, they can expect a lawsuit from Craig Wright.

Dude, could you imagine Craig Wright? I bet you, you know what happened? I'm telling you what happened right now, Ben. CSW start crying and he called Elizabeth Warren. And he said, do you believe this? Could you believe this, Elizabeth? And then right then and there, Elizabeth took her MacBook and she threw it out the window, bro, right there.

Yeah. For everyone to see. Definitely, definitely happened. She's stomping on it as we speak. She's never going to go. She's windows only now. Oh, man. Well, dude, this is a good one.

Thank you so much for coming around and filling us all in. I have no idea what happens when you leave when we're co-streaming. So we'll say. Yeah, I have no idea. Oh, wait, no, I think I'm going to have to hang out in the background. But anyway. We don't know. We don't know.

It's okay. Let's experiment. Let's experiment what happens. Anyways, everybody, this was your Simply sessions. Ben, this was awesome. I'll see you next week. Awesome. See you later, man.

And everybody, thank you for sticking around. And I've got a few more things. I want to drop on you guys before we round out. Just a couple things that I thought were worth bringing up. I got to give a shout out to Sparrow Wallet. Have you seen what's going on with Sparrow Wallet? They dropped. I mean, Sparrow wallet is so full feature.

That's got so much great stuff. And they just rolled out something called Border Wallets. If you're unfamiliar with border walls, it's basically a way of making your seed phrase memorable as like a pictogram on a list of words. And so like you see if you're watching on the live stream here, you see basically a layout of all of the possible words that you can use for a seed phrase. And you basically can draw a little pictogram. This one says, yo with a big exclamation point. But then all you need to remember is the look of the pictogram and pretty much you write down a bit of information about how the words were laid out, which is just like a little code. And then you can basically have a brain wallet, more or less.

It's pretty wild. So anyways, shout out to Sparrow wallet for rolling this out. Super awesome. Kudos to them. Another thing I wanted to drop. And that is the Bitcoin. Explorers. They were in Italy for the Tuscany Lightning Summit. If you're unfamiliar with these guys, they are fantastic. I just love them. They were on, why are we bullish a few weeks back? And yeah,

they're great. Anyways, Bitcoin Explorers watch their video from the Tuskney Lightning Summit, 2023. It was a lot of fun to watch. What else we got here? Of course, this week, very excited to have dropped my first ever mining tutorial. And what I did, is I put together a space heater with an old S9 minor. Super awesome, super actually not too difficult to do either. So you swap out the fans because the fans are kind of the main source of the types of fans that are on its stock are a little noisy. You swap out the fans for better fans.

And then you go into the operating system in your browser and you can ramp everything down a little bit. So that you're just putting off some heat and you're not using as much power. uses about half as much power as a regular space heater that I would use. And yeah, I get heat and I get reimbursed for part of my electricity and its wife approved because it looks pretty thanks to the fancy schmancy case put together by crypto cloaks. So shout out to crypto cloaks. If you're curious about this, hit up my Twitter, hit on my YouTube, and you will find the Bitcoin mining heater space heater guide. And you can, you too can be mining from home and heating your home with a space heater.

And whenever you don't need to use it, you just unplug it. You plug it back in and it'll start mining again right away. So anyways, it's awesome. I'm very, this is actually my first foray into mining. So I was very excited for it. It was a big blind spot of mine that has been nagging me for a long time. So I'm now mining and heating at the same time. And I do have an M30 plus here that I will be doing a video on.

Eventually, I've got to get the electricity done first. so that I can actually plug the thing in and not blow all the circuit of the breakers in my house. But that'll be happening too. I got a black box off the side of my house and I'll be running that. So yeah, exciting all around. A couple other things. And there's the video. So this is me kind of like tearing apart the miner and everything.

Anyways, you can go check that out on YouTube. I got to give a big shout out to one of the plebs over on Noster. somebody dropped a 500,000 SAT tip. That's like 140 USD, if I'm not mistaken. Anyways, said tuition for everything you've taught me, force myself to learn and pay over Noster. So hats off. Thank you very much.

That was overly generous. Never feel like you have to drop sats here. I mean, again, it's always appreciated. But this was above and beyond. So thank you very much. to the fellow pleb that hopped in with the mega zap over on, over on Noster. That was a very pleasant thing to wake up to this morning.

Anyways, to round out, of course, we're going to be in Miami. Me and Nico were talking about it. Very excited. Yes, indeed, we're going to dye Nico's hair. My wife is anyways. I'll watch as it happens. So that'll be fun. But nonetheless, the Bitcoin Miami conference, this is my fourth time going.

It's going to be a blast. It's coming up quick. It is coming up in like 40-something days. It's May 18th through 20th, 150 speakers, like 15,000 people there, 2,000 coming. It's going to be wild. It always is. It's a barrage on the senses. There's so much going on.

I can't wait. And hey, ticket prices go up tomorrow. Okay. So just be aware. Ticket prices are going up tomorrow. If you're thinking of grabbing tickets, then for sure sooner rather than later if you want to save on those ticket prices. And you can use code BTC sessions for 10% off. So just go to b.tc slash conference.

And yeah, code BTC sessions gets you 10% off. The other thing, obviously, if you're going down to Miami, I'm doing my cold card workshop down there. It's going to be a blast. Third time doing it, I did one in Vancouver, then L.A. and now Miami for the first time. Very excited about it. It's a four-hour deep dive. It happens the day before the conference on the 17th.

And yeah, we're going through everything. We're starting with the very basics getting set up, using it, backing it up and recovery, all that stuff. And then we're going to dive into some of the advanced stuff so that you can get the most out of your cold card and walk out of there, being one of the top experts on cold card in the world, dare I say. It's going to be a lot of fun. Anyways, May 17th, that's a Wednesday. There's a few tickets left. You can grab those tickets from my website,

BTCSessions.ca. Just head over to the far right where it says in-person workshops, and you click there. It'll take you to the event. And there you go. It's right there. So anyways, be sure to grab a ticket. If you dare, come and learn and become an expert in the cold card.

And then tomorrow, I don't have it. I forgot to pull. it up. But tomorrow, why are we bullish? We got Jordan Bush. We have, God, who's going to be on tomorrow? I got to think this through. We got Jordan Bush, Alex McShane, and David Zell. It's going to be a good one. Very, very excited for it. So be sure to hit it up. And with that, we're going to round this out. Thank you guys so much for being here. I think when Nico Bailed it did actually pull his viewers with him. So anyways, I'll have a post tip of the hat to all the viewers from simply Bitcoin channel.

And to all of my wonderful viewers here on my channel, thank you guys for being here. Always love to see you here. And of course, like, subscribe, share. All those things help a ton in getting this content in front of more eyeballs. You can also hit the sponsors down below.

Hottle, hoddle, coin kite, nunchuck, and start nine. You can grab a ticket to Bitcoin Miami or to the cold card workshop. And if you really liked what you saw, I can always drop a tip at my strike page. You don't need strike to use. use it. Just head to strike.me slash BTC sessions. Type in any amount. Hit the tip button. You'll see a lightning invoice or if you prefer tap the button to the right, you'll see a regular Bitcoin QR code.

With that, I am out. Have yourselves a wonderful day or evening wherever you may be. See you guys next time for your daily session. We have BTC sessions. Bitcoin is every money. You can't stop it. Get yourself some Bitcoin and hold it yourself. Pure to peer exchange. People are going to organically come to it and gravitate towards it, especially in the world we're living in now. It's incredible. It's a great tool, and I can't wait to see it proliferate everywhere. Toddled by Bitcoin.