The Perfect Protest

Every passage, on the record.

1. 00:00Claim

   There's so much hype and there's so much interest in the ability for someone to control more energy reserves in the future because of Bitcoin and the properties of the network and what emerges from the system that it is often lost just how impactful this is going to be to our everyday lives outside of the ability to generate, to transform more energy in the future and to be able to store it in any fashion we desire.

2. 00:42Claim

   The ability for Bitcoin to the choice to store your life's energy in Bitcoin is a form of protest and a protest can be so powerful in shaping the world around us.

3. 00:42Idea

   The ability for Bitcoin to the choice to store your life's energy in Bitcoin is a form of protest and a protest can be so powerful in shaping the world around us.

4. 01:16Claim

   But oftentimes that's too late. Oftentimes you've left it too long if you're going to do that and protest actually becomes weaker because of it.

5. 01:16Idea

   Bitcoin allows, especially in the Western world as it stands now, it can be viewed almost as a preemptive protest that allows for an impenetrable wall to be formed, a defense to be formed between the protester and the action or the body that that person has doubts about.

6. 01:54Analogy

   So if you have any doubts, it's always better to have a shield between you and that doubt, even if it's just a time barrier, to be able to make decisions in a better space, to be able to react with more time, to see out further into the future.

7. 02:26Claim

   But if you have exited the fiat system, if you haven't left it too late to join the Bitcoin system, then there is not a whole lot individuals can do or entities can do to prevent that Bitcoin from moving or to prevent that Bitcoin from confiscation without coercion or even with coercion.

8. 02:26Claim

   And this is incredibly important because if your system is in any way centralized, that gives you the power to censor.

9. 03:03Quote

   And if people have the power to censor, they will.

10. 03:39Prediction

    We would be wise for users inside of that system or for participants inside of that system to then say, well, I'll probably hedge my bets then. I'll probably anticipate that that streak will continue.

11. 04:11Claim

    It's censorship from all aspects of life. If groups have a history of doing that and it just happens to be a 100% history of doing that, well, then I should probably opt out and look for alternatives.

12. 04:11Claim

    The technology that was necessary was unavailable until Bitcoin. And what that means is now choosing Bitcoin means freedom at a level never possible before. You participate essentially in an alternative economic system that has different rules than the one issued by your local government or by any government.

13. 04:46Claim

    But I think that the emphasis there, I think that sells almost a false sense of the power of Bitcoin, because yes, obviously it works to eliminate the power of these governments. But if you can do it there, you can do it anywhere, to any scale, to any desire.

14. 05:16Claim

    You don't have to totally disagree with your government to be vulnerable. Bitcoin allows any citizen to place a check on their local political apparatus. You don't have to just go out in the street. You don't have to sacrifice any time or energy. The only thing that you have to do is opt out with your reserves, opt out with the storage of your energy.

15. 05:16Quote

    Bitcoin allows any citizen to place a check on their local political apparatus.

16. 05:50Claim

    It boils down to the fact that enough people need to realize that they can't be exploited by others if they hold their life's energy reserves in a form that can't be confiscated without their consent.

17. 05:50Quote

    You can be banned from social media. You can be banned from leaving your house. You can have your house taken. You can have your car taken. You can have your stocks confiscated. Nothing is safe except Bitcoin.

18. 05:50Reference

    I'm not referring to, or this doesn't have to be a brave heart situation to keep your freedom where you will go to the grave with your keys.

19. 06:28Analogy

    You don't have to say I'm going to be macho and if I was to get tortured or wrench attacked that I would have the ability to not divulge the information necessary to access my Bitcoin.

20. 06:28Claim

    You can dumb it down so far that with some very basic legwork, you can set up a Bitcoin system that makes it impossible for you to control your keys without visiting multiple locations, without performing multiple steps before you're able to access that Bitcoin, which greatly reduces the likelihood of attack.

21. 06:58Claim

    The more expensive you make it in terms of energy resources, the lower the probability for that being successful, the lower the probability for that happening, especially over a population of any size.

22. 07:28Prediction

    It will not go quietly into the night. To survive the phase change certainly will not be easy.

23. 07:28Claim

    The world is in the midst of a revolution. It just isn't visible in the town squares or the nation's capitals or is invisible in the western world's town squares or nation capitals.

24. 08:11Prediction

    If Bitcoin wins, it's almost impossible to imagine the value of what a single coin will be in the future and just think how tragic it would be.

25. 08:11Quote

    What a shame it would be to be right about Bitcoin, but end up compromised because you just weren't bullish enough on security.

26. 08:11Claim

    In the past, a protest took effort. It took risk. Like most things, Bitcoin fixes this. If done properly, you couldn't opt out without anyone knowing.

27. 08:41Event

    To give you a recent example of this would be the Wikipedia, they're changing of the definition of what a recession is.

28. 08:41Claim

    In places and countries where freedom still exists, on the surface level, we're slowly but surely starting to see cracks in the underbelly. We're changing words, definitions, silencing narratives. These are all becoming the norm in western countries.

29. 09:13Claim

    If you look back since 2020, it's hard to say that things have improved in any category where freedom is involved.

30. 09:13Claim

    With a Bitcoin message time-stamped inside of the chain, it will be embedded forever. The amount of energy necessary to go back and change those things, really Bitcoin will become the sole truth.

31. 09:13Quote

    Really Bitcoin will become the sole truth.

32. 09:56Reference

    It's as crystal clear as the example in George Orwell's 1984, Winston, working at the Ministry of Truth. His entire job is to erase the past mistakes of Big Brother by altering past events, past news articles, past films, past radio shows, whatever it is, they can go back.

33. 09:56Analogy

    If they can change those things, if they can change the definitions of words, then that puts the citizens of that nation, the citizens of that government at a significant disadvantage.

34. 10:27Event

    In the United States, President Biden administration, Department of Homeland Security announced what it referred to as a disinformation governance board.

35. 10:27Claim

    Their ability to control the narrative has slipped immensely. The control of the narrative is all they had.

36. 10:57Claim

    The price you pay to be naive to the reality of just how vulnerable Bitcoin makes the traditional system is incredibly high.

37. 11:32Claim

    In a technologically advanced world, financial freedom and privacy are critical tools to allow for dissent by regular users.

38. 11:32Quote

    Where other forms of protest can be limited, as we have seen front and center since 2020, Bitcoin is unstoppable.

39. 12:03Claim

    As I alluded to before, it would be very, very difficult for a neutral observer to state that freedom on any parameter has increased on a global scale since 2020.

40. 12:03Claim

    The realization inside of the system requires time to disperse and for all of the participants there to make choices.

41. 12:35Event

    We've seen that with different countries and their response to COVID. We've seen that with different countries and their response to the supply and demand issues that have been happening since shutdowns occurred.

42. 12:35Claim

    Some will make better choices than others and they will benefit or they will be put at a loss or put in a vulnerable position because of those decisions. They will be punished and they will be reinforced.

43. 13:11Prediction

    The level of or the death spiral that these institutions, these legacy systems have found themselves in is going to get more and more, is going to pick up the pace. It's going to get quicker and quicker and quicker and quicker.

44. 13:43Claim

    Now, they have a very, very clear track record of not doing the most intelligent thing. We cannot rely on that.

45. 13:43Prediction

    In my mind, it makes the most sense for these individuals, for these entities that have this history to embrace a controllable version while confusion is still possible.

46. 14:20Claim

    We're still in this nascent stage of understanding of the entire population, understand what Bitcoin is, that it makes those that are just new to the system very vulnerable or those that haven't even discovered the need for something like Bitcoin because they haven't seen the writing on the wall because they're too busy just trying to survive.

47. 14:20Prediction

    It's a simple enough strategy. The idea would be to promote a shitcoin that is centralized and win market share as quickly as possible. So, just to muddle the relationship between Bitcoin and everything else and make it seem as though everything is the same.

48. 14:55Reference

    One of those options is going to be, I don't know, going to be Ethereum. That's fantastic for governments because they are transitioning to a system that looks very similar to what is going on in the fiat world at the moment.

49. 15:32Claim

    Well, I don't want to use the word currency on these ideas. If they don't understand how they work, then they're going to be vulnerable to these attacks. This will certainly happen.

50. 15:32Idea

    It's a narrative attack like we've seen in the energy community, like we've seen the various different FUD attacks that happen on a proof of work system or proof of stake.

51. 16:06Prediction

    Even when you do all of this, even when you go through the entire game theory, let's say this tactic works. It eventually ends up with Bitcoin winning. All it does is prolong the war. It makes for an enormous amount of pain that could have been avoided.

52. 16:06Quote

    The truth has a funny way of not going away, especially so when it is so out in the open like it is with Bitcoin, when it's so accessible and only getting more and more easy to access in the future.

53. 16:45Quote

    You can't ban Bitcoin, but you can ban yourself from Bitcoin.

54. 16:45Analogy

    You can see how successful countries and governments that have tried similar control to the internet have been. It doesn't exactly leave a trail of prosperity and innovation in its wake.

55. 17:17Prediction

    This really is why adoption will be faster than any network before it.

56. 17:17Claim

    This perfect storm of potentially well-informed decision makers across the globe. It has just never been possible before. The speed of adoption, the speed of what this thing is capable of picking up has never been available before.

57. 17:47Claim

    But given that Bitcoin itself has shown to be essentially bomb-proof, the next decade is going to be incredibly interesting in terms of the shift of power in the role of the individual and government.

58. 17:47Prediction

    The next decade is going to be incredibly interesting in terms of the shift of power in the role of the individual and government. Because at a certain point, people will realize they need Bitcoin more than Bitcoin needs them.

59. 17:47Quote

    Because at a certain point, people will realize they need Bitcoin more than Bitcoin needs them. You'll either find out the easy way or you'll find out the hard way.

60. 18:18Prediction

    The governments will regulate. They will come for the large players. But an outright ban is the death blow that the network is betting on.

61. 18:18Claim

    It does get a little bit silly that Bitcoin fixes this floating around the internet all the time.

62. 18:18Claim

    What will the powers that be need to do in order to retain control of the financial system, which allows them to hold control over the society as a whole without that ability, without power to direct where energy reserves are channeled towards, it greatly limits the need for these institutions, the need for these individuals.

63. 19:11Claim

    And just now, we are just in the beginning stages of individuals who have decided to opt out, garnering a significant advantage, one that is so advantageous that it becomes observable by those outside of the Bitcoin world.

64. 20:00Claim

    It's not just the person that was able to escape, it's not just the person that was able to keep their energy from being confiscated, it's all of those around that person. That's an example to everyone in that community, everyone that knows that individual, everyone that was harmed by the government because those people were not into Bitcoin.

65. 20:00Prediction

    And that is happening, it's going to, it needs to happen quicker and quicker and quicker. The government needs to, around the world, these institutions, they need to become more aggressive in order to maintain their place in society.

66. 20:33Quote

    Bitcoin has allowed protests to become easier than ever before and it comes with less risk than ever before.

67. 20:33Quote

    You should always be in doubt of the world around you.

68. 21:04Claim

    If you have any doubt about the system around you, you're going to want to keep those in the most liquid form possible, in the most readily available, hardest to confiscate form possible and that just happens to be Bitcoin.