The Bitcoiners Were Right | Everything You Were Told Was a LIE

false. >> All of this is false. >> Then why won't they let people talk? Why won't they let us have questions? It's false. >> THIS IS NOT REAL information and we sit here LIKE IT'S OKAY. IT'S A CHARADE. >> Maybe the Bitcoiners were right. Everything that they told you was a lie. They said that your vote mattered. But yesterday, a Utah County commission approved a project to award 40,000 acres to Mr. wonderful aka Kevin Olirri to build AI data centers despite the entire community being in opposition. They said that they would make housing affordable. What they didn't tell you is that homebuilders would put Nvidia mini AI data centers in the walls of your homes so that you can afford it and also fund your own unemployment. They told you that crypto was taking over finance, that we were in a boom, record profits, record adoption. What they didn't tell you was that they were going to lay you off with a tweet and with an email. They also didn't tell you that the biggest crypto exchange in America went down for 5 hours. And right in the middle of that, the internet's most famous fraud investigator sat down to prove that Bitcoin financial products are a Ponzi scheme. He walked out with a harder question than when he came in. Today, we're going to give you the receipts. The lies that Bitcoiners have been exposing for years are finally coming to the light. This is Dante Cook of Bitcoin simply. Let's go. Coinbase just posted a terrible quarter. Revenue is down 31% and they posted a net loss of $394 million. Crypto bros everywhere keep telling the story. Everything is moving on chain. We will see the tokenization and the securization of every asset. Bitcoiners have been very clear about this from the very beginning. This future won't work because people want to own hard assets in real things, not fractions of things that can be created out of thin air. This onchain finance revolution is hype in vaporware. It's a low margin business that sounds sexy on the surface, but is a terrible profit machine under the hood. While all of this was happening at Coinbase, Bitcoin Twitter was having a different debate, especially with Michael Sailor coming out and saying that they're going to sell Bitcoin in order to fund the dividends are products like MSTR and STRC Ponzi schemes. Coffeezilla is one of the most well-known fraud investigators on YouTube. He sat down with Jeff Walton, known as Punter Jeff. He's one of the sharpest minds in Bitcoin financial products. And the question was simple. Is this whole thing a Ponzi scheme or not? >> Is an insurance company a Ponzi scheme? >> Isn't an insurance company a Ponzi scheme? >> Yeah. >> Uh, no. >> Why not? >> Because they they have business activities that are providing cash flows. >> They're taking on risk. They're taking on risk. >> Oh, >> insurance companies have capital and they're taking on risk to pay liability into the future. Here's the reality. Coffee. NO, BUT THEY HAVE ACTUAL CAPITAL. They have They have cash flow. They have real business activities. >> The cash flow is the risk that they're selling. They're selling risk, >> right? So, believe it or not. Believe it or not, believe it or not, almost 100% of the claims that get paid out on insurance company balance sheets is from premiums that they're collecting in the door. >> Almost 100%. >> Okay. >> So, under your definition, you would call an insurance company a Ponzi scheme. >> No. No. They have they have real like profits. They have real cash flows. >> Their profits are everything that they keep in premiums minus the liabilities that they pay out. That is the business of insurance. They do sell risk. A risk that more times than not they won't have to pay out claims on the things that you are getting insurance for. That is their cash flows. Strategy has profits too. Depreciation in their Bitcoin holdings minus their liabilities from their dividends or any debt obligations that they have. There is no difference. Let's continue. The product is coming from >> are the assets that are protected on their balance sheet the reserves >> or or payment. >> No, but people are paying for products. The the insurance if an insurance >> what's the problem? >> Look an an apples to apples comparison is let's say an insurance company was offering like a yield based on something and then they're like what's the yield based on? Well, it's based on our balance sheet. Well, where's the balance sheet coming from? Well, we're selling this yield, right? So like that is not the same as an insurance company which is actually offering a product which is let's say I want to go insure my car I'm paying premium >> equity not a product. >> It's a stock. It's a perpetual preferred stock. >> It's a product. You're you're holding it. You're holding it for a reason. >> Well you're I'm holding it because I I I think I'm going to get paid a dividend. That's not a product. I don't buy Nvidia. Is Nvidia stock a product? >> Yeah. Absolutely. ABSOLUTELY. >> NO, NO. THEIR THEIR GPUS ARE THEIR PRODUCTS. THEY'RE NOT. The stock is a product. The stock is a product. >> He can't cope. Have you ever noticed at any time that somebody from mainstream media or crypto bro can't hear the truth? They just yell and scream and turn into complete lunatics. You can see a psychopath from a distance. Bitcoiners have been saying for years that Bitcoin financial products are going to outco compete normal native financial products. You're watching it happen in real time. Back to more lies. And we sit HERE LIKE IT'S OKAY. IT'S A CHARADE. >> It's a charade. It's false. >> This is a clip from a Utah County Commission meeting where the people are protesting because, well, they don't want to give 40,000 acres to a Canadian billionaire who has no interest in their community to fund AI data centers which they will get no value and no use from other than skyrocketing electricity prices. Seems reasonable. Kevin Oly said that these people were fake. Bust in. Kevin even said that some of them were powered by AI. AI powered humans is a new wrinkle that I didn't even see coming. Here's what he had to say about his credentials as a data center expert. >> How are you offsetting the How are you offsetting these environmental concerns? >> Well, I'm actually the only uh developer of data centers on Earth that graduated from environmental studies. So, I'm pretty aware of what these concerns are. or they are around air, water use, heat, noise, pollution. Um, so sustainability is is at the heart of what we do in terms of all these proposals. We know, not just Utah, we have 10,000 acres in Alberta, Canada with the same concerns. >> This is about sustainability. You're the only guy building a data center with an environmental studies degree. Does anybody actually believe what this dude is saying right now? Many people think of Kevin as the host of Shark Tank, an investor, a smart guy. But most people don't know that he sold a house of cards called Softkey International to Mattel, a global M&A conglomerate. After they bought SoftKey International, Mattel executives actually sued Kevin Oly because they realized that all of the revenue that they showed were accounting tricks and fraud. He walked away with millions of dollars and the company walked away with a house of cards. And so now the CDROM fraud guy is now a data center expert. Bitcoiners have been saying if you can't protect your vote with some sort of financial power, with some sort of encryption, a wall of energy that cannot be corrupted or cannot be broken, well then your vote doesn't actually count. Those with the most influence can reorganize the chain or the truth to bend the will to their reality. This is a perfect example. Remember when Donald Trump was the no war president? It's funny how this clip from Rubio on Iran sounds just like Coen Pow on a clip about Iraq. >> I I think you're linking it. the the the operation is over. Uh epic fury is president notified Congress, we're done with that stage of it. Okay, we're now on to this project of freedom. As far as a negotiation is concerned, I think the president's been clear that part of the negotiation process has to be not just the enrichment, but what happens to this material that's buried deep somewhere that they have still have access to if they ever wanted to dig it out, that has to be addressed. >> So, the weapons of mass destruction are now uranium nukes. Well, we never found the weapons of mass destruction and we're probably not going to get any more uranium. Bitcoiners have told you time and time again, the only way to defund the war is by stopping the money printer. >> And if you want to stop the war machine, you have to stop the money printing machine, which means we have to end the Fed. And I think this is why the ethos has always been with Bitcoin, end the Fed. >> Speaking of rackets, a US congressman just said the quiet part out loud. >> Big energy oil, you know, we get zero. I know it's a commodity and I'm going to get lit up that oil is a commodity and it, you know, the world market, but we get zero oil from Iran. Zero. We we export oil right now and yet the price is going through the roof. It's going through the roof because it can. They can. And I always say, well, how does that gasoline in the pumps go up that's been in the they've already been processed, already been paid for. How does it go up exponentially just overnight? 20 cents a gallon or whatever. And how does that and and if that's because it's a commodity and birch that you don't understand how come that quart of oil that you at the hardware store doesn't go up like that, wouldn't it? It's processed oil. Wouldn't it do the same? And of course diesel. It's your first cut I think is kerosene. Then it's diesel. And diesel and I've got a diesel DY. I filled it up yesterday is over $100. You know, it is the cheapest. It is the roughest cut. You know, that's why you have these credible filters because it's dirty and gasoline is the third or fourth cut and it ought to be the most expensive, but it's not. I just think it's a racket. And every time they they'll hold the hearings and they'll come down there and and you know, and the oil companies will, you know, they'll shake that money tree. They know how to do it on both sides of the aisle. >> It we get zero oil from Iran. Zero. Yet all the prices continue to go up. This is from a sitting congressman on the record. Whether it's big oil, crypto exchanges, AI data centers, the result is always the same. The people at the top extract at the expense of the people at the bottom unless the people at the bottom can properly defend themselves. Here's the truth. >> We're in a trustless, permissionless world. And Bitcoin is a trustless, permissionless asset. >> That was from a Charles Schwab executive, not me. We're moving into a trustless world. A world where even people don't trust their own governments. We were all just sweating bullets trying to get our taxes done before April 15th. You know the process where they know exactly how much we owe, but they don't tell us how much we owe. And if we don't pay them what they owe, they come after us. And if we paid too much, well, they never give you your money back. None of it even matters because they can just print the money out of thin air. It's all an illusion. It's all a lie that Bitcoiners have been saying from the beginning of time. Someone could ask, well, so if the government can print the limited amounts of money out of thin air, why did they collect taxes? I mean, in theory would make sense, right? If they can print unlimited amounts of money, why would they need taxes for? The answer is simple, but it's very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government which you are not. It's shocking but it's true. The government is funded by money printing paper backed with paper a bubble that will inevit inevitably burst. The situation is even worse than it seems because if most Americans and the rest of the world were to become aware of this virus, confidence in your currency would be lost. The dollar would fall and the western civilization with it. One of the ways that you can escape the financial rat race is by holding an asset that allows you to borrow against it and not enter the existing financial system. That's why letum was created. They allow you to borrow from your Bitcoin holdings in stack without selling your Bitcoin holdings in stack. Your Bitcoin is not rehypothecated. You can see it on chain in the actual platform. FI can get to your account in less than 6 hours. Go to learn.let.io/simply to get started. They said if you work hard and you build a company by your bootstraps, you'll be rewarded. And I can't think of a better example than Uncle Jeff or Jeff Bezos from Amazon. He's crop dusted every doorstep in America with cardboard boxes, clogging the neighborhood streets with those big prime blue vans that you can't drive past even if they try to park on the sign. Oh yeah, even Uncle Jeff, who created 1.5 million jobs, is now being attacked by the establishment. He wants to get a boat or a yacht or have a party at the Met Gala with the money that he's created with the 1.5 million people that he employs. Bernie Sanders had something to say about this. And you know this is bad when even Griy Shifty had something to say back to him. So, you're telling me if I run a daycare in Minnesota, I'm an entrepreneur. But if I build one of the five most valuable companies in the world, I'm a fraud. It's not just Bezos. They're coming for King Griffin, too. Mom Donnie, we told you, was going to tell the lies just to get elected. And once he got in, he was going to implement unfair taxes to go after the rich and the wealthy, the people that are bringing the money, the jobs, and the industry to New York. But Ken Griffin, CEO Citadel, was like, "Nah, I'm out." And now, and now what the mayor of New York has made clear to my partners and principally my New York partners, my New York partners, is that we need to double down on our bet in Miami because we want to be in a state that embraces that embraces business, that embraces education, that embraces personal freedom and liberty, and that embraces people having an opportunity to live the American dream. Bitcoiners have been saying this all along. Bitcoin is the only true free financial market. It's the only real solution to the problems that we're facing today. And so what Bitcoin is doing is it's imposing the first free market that's ever existed. And and as I I specifically said imposing. It doesn't care what you think of it. It doesn't care how you want to measure it. It's imposing it. And and but but because we've never lived in that system, we don't have a mental model for what that looks like. So, we've always lived in a zero- sum game where if you had a bigger army, you can invade and steal somebody else's gold or raw materials and you could put them under slavery for you and inside the country that had the biggest army, you looked you could win at their their loss, but it was always a zero- sum game. And then we replaced that system with a monetary theft that did the same thing. So, but we didn't have to invade them. We just did it with the currency. But the free market is an infinite game. completely infinite because you have to choose and somebody has to deliver you more value and everybody wins. If you look at your calculator app on your phone today, um where is that in GDP? Do you gain value from it? Should it go up in price because people are making you want to tax the calculator app to make more money to pay for arbitrarily rising prices? The point is the technology is allows us to do more with less forever. So this brings us up to a number of different observers observing what's happening in real time and observer one in credit money. This observer is the vast part of the population and this observer believes that money is systems foundationally sound that money works experts manage it and inflation is normal. They question what rate of inflation rather than is inflation normal. And this would be an easy lie to believe. everything they've ever known, every history book, e economists about this over and over, all the experts, they operate within a system that's in direct opposition to the free market and and fight within that system of which side is right. And the expansion of money that has to keep happening from the credit based system because it can't stop otherwise it would all fail. The expansion of money leads to asset inflation, inequality, cost pressures. This leads to debt dependence and increasing fragility in the system. But because each person looks from that system to their hero to solve the system, the problem that the system can't resolve, they divide. They naturally divide. This person, this person's going to save me. This person's going to save me. and and that credit money keeps on expanding leading to more and more division of uh society leading to larger interventions leading to misallocations of capital leading to fraud leading to greater instability. If you want to remove power from the existing system like Jeff Booth talks about well you need to run your own node and you need to manage your own keys but you need to know how to do this the right way. Don't just go at it alone. Get a coach from the Bitcoin way. They'll help you, your friends, your family take sovereignty of your wealth the right way. They'll help you set up your Bitcoin node privately, safely, securely, confidently, so you can pass your keys and your coins to future generations. Schedule a free 30-minute meeting with the team by going to the bitcoinway.com/partner/dante-cook. They'll hook you up. talk apolar money which I think is a good way of emphasizing the value proposition of Bitcoin which is that we live in a uniolar world order where the US has the dollar and when we discuss alternatives it's either another uniolar world order or a multipolar world order but Bitcoin offers us something truly new which is an apolar world order a monetary world order that is not built around one government having an exorbitant privilege so I'm going to first begin by identifying some of the main problems with government money both domestically and internationally. The biggest problem which I talk about extensively in my books is inflation. If you look at the last 60 years, the average fiat currency has increased in supply by about 14% per year. The best better fiat currencies like the dollar, the yen, and the euro have increased at about 6 7 8% per year on average. And the worst ones have gone up by 20 30 40 50% on average. So this is devastating. And of course the other problem with government money is hyperinflation. Only government money does hyperinflation. As the great Ludvig von Mises used to say only government can take a perfectly good commodity like paper sprinkle some ink on it and make it worthless. That is only happened with government money. The US government's only value ad right now is to spring some ink on a useful commodity and make it useless. Bitcoin is the only solution to the problems that we're facing. Bitcoiners have been telling you the only way to stop the war machine is to defund the money printer. The only way to actually have power and protection of your vote if you're a middle class or rural farmer in Utah protesting a 40,000 acre data center in your town or your community. Well, you need the capital to stand up and fight. If you don't have the capital, well, it doesn't matter. They told you that crypto was taking over finance. It's definitely not. Bitcoin is going to take over the Swift and Fed wire settlement networks. It is going to be the predominant and preeeminent form of global settlement payments across the world. Layer 2s will be built on top of Bitcoin so that they're decentralized, they're fast, they're quick, and all things are still recorded on chain. Lightning is still coming. They told you that Bitcoin mining was bad for the environment. Yet now they're putting AI data centers in your house, saying that it can utilize energy when you're not using the energy. The same thing that Bitcoin has been saying the whole time. The lies are being exposed for what they truly are, lies. But you're going to be on point because you subscribe to shows like these. You subscribe to the Simply Bitcoin channel where we drop alpha like this 7 days a week. Still feeling a little sick, but glad to be back. Sorry for all the fans that I didn't get to see at the Bitcoin Vegas conference. This is Dante Cook with Bitcoin simply. Happy stacking. Oh, one last thing. Bitcoin difficulty just dropped 2.3%, the sixth drop of 2026. Hash price is up 13.5% over the last 30 days. With the difficulty falling and the hash price rising, well, your miners are now becoming more valuable. You're earning more Bitcoin per day with less network competition. This is one of the best times to get into Bitcoin mining. Get in by working with a partner like SAS Mining, the leader in Bitcoin mining. You give them money. They help you to find the right machine. They plug you into lowcost, cheap, 100% free renewable energy. And they just send that straight to your wallet. Don't miss out on one of the best times to get into Bitcoin mining. Use the QR code to get started. We're out.