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The REAL Truth About CZ Binance

By BSG The Millionaire Maker

Summary

## Key takeaways - **Coinbase Discriminated Against Black Users**: Coinbase shut down the speaker's account immediately after seeing he was a black man upon ID submission, and he later learned many others experienced the same due to race. [04:22], [05:00] - **Binance Embodied Crypto Inclusion**: Binance allowed anyone to open an account with just an email, enabling global participation unlike US-focused exchanges that discriminated, leading to its rapid growth to number one within six months. [06:09], [07:39] - **Tiny Profits from Alleged Illicit Flows**: Even if true, the $400 million in alleged illicit Bitcoin transfers from 2018-2019 would yield Binance at most $800,000 in fees at 0.2%, since they charge only on exchanges, not deposits or withdrawals. [09:45], [10:26] - **No US KYC/AML Laws in 2019**: US Congress introduced crypto clarity bills only starting in 2022, so there were no formal KYC or AML laws in 2019 when allegations against Binance.com occurred. [15:40], [16:06] - **Gensler Courted Binance Before FTX**: SEC chair Gary Gensler met CZ and offered to advise Binance in 2018-2019, contacts cut off in May 2019—the same month FTX launched after approaching Binance for funding. [23:08], [25:29] - **Banks Launder Trillions Unpunished**: FinCEN files reveal JP Morgan, HSBC, and others processed trillions in illicit funds for criminals and oligarchs yet continue operating, unlike Binance fined for $400 million in alleged activity. [31:05], [32:44]

Topics Covered

  • Coinbase Racially Discriminated Against Users
  • Binance Earned <$1M from Alleged Illicit $400M
  • Gensler Courted Binance Before FTX Launch
  • Banks Laundered Trillions, Binance Fined Billions
  • Crypto Must Reject Regulation for True Inclusivity

Full Transcript

[Music] on November 21st 2023 the news hit that CZ of binance was stepping

down as the CEO of finance and that sent a shock wave through uh the crypto industry and the

headlines read that binance has agreed to pay 4.3 billion for money laundering uh violation

and all of the traditional media Outlets the ones that normally hate on crypto and everything are running with this and

basically saying okay see we told you we told you this guy was a crook we've been telling you for years so on and so forth

but I'm going to break this down and show you plainly who the real crooks are I have all the

evidence everything is documented right and I'm going to break this down like few people can okay but

before I get started with that I think it's important that you understand the significance that CZ played in the role

of overall crypto adoption okay so Bitcoin obviously

was the beginning of crypto it was a new uh way for people to uh engage in an

economy on a peer-to peer basis it was created because of the 2008 financial crisis uh which I'm going to

uh talk about later in this video okay and I I came to know Bitcoin in 2013

um and literally there were no like official US crypto exchanges uh in

2013 there were literally none okay um I had to use a Russian site to buy my

crypto okay and that's how I got in right uh and generally speaking Bitcoin was built on price

y it was the first time that you can interact with finances without needing ID that is the premise of

Bitcoin right but when a US based exchange came out it was coinbase okay and I had

already been using Bitcoin for some time right but here comes coinbase and I'm like oh oh okay this

will be tied to the bank thinking at that time that that's a good thing you know I'll just open a coinbase

account okay and so again it's important to knowe that up until this time you didn't need any form of ID and even when

coinbase came out it was just like the Russian exchange all you needed was an email

again the premise of Bitcoin is privacy the the the premise of Bitcoin is inclusion for everybody okay well fast

board sometime I don't know how long it was a year two years I open up my

coinbase and coinbase says we will now need your ID for you to continue with your coinbase account

and I'm like you know okay I don't have anything to hide like you know this is good if this is what's needed to uh you

know uh keep my account and everything I have been telling everybody and their mama about coin Bay I'm like okay sure no

problem immediately when I presented my ID and they saw that I was a black man

they shut down my [Music] account that's what

happened and at that time I was thinking it was just me at that time I'm thinking hey what's going on what did I do right

I wasn't connected to people over the years I have learned that I wasn't the only one and the

reason why I can sit here and say that it was as a black man for for those of you out there who talk about oh yeah here here we go with this stuff we deal

with this stuff but the reason why I found out that it that it was because I was black is because as I began to connect with other people they all had

the same story everything was cool with this other account as soon as I open a coinbase account they

shut down my account and I had to move my crypto Elsewhere for some people regrettably that was the last time that they were involved in crypto because they were like hey I

thought this Bitcoin thing was supposed to be inclusive it it wasn't about Bitcoin it was about these companies and that's what you're going

to find here so literally binance was the first exchange that literally embodied what crypto was

about it was about come one come all that's what Bitcoin was about and like

coinbase when you open a binance account all you needed was an email okay so I just think it's

important that you understand the role that they play and and this was true across the world whereas you had

coinbase and others who were and Contin to be up until recently because they see the success that bances had they were

mainly focused on the United States and the West they're the only ones that matter to people like this they were never folk and even

Within in the west they would casually discriminate against people that they didn't want to be involved in crypto and

there have been other exchanges that literally posted racist messages on their homepage basically

saying inword close your account we don't want no nword these are are some of the people

that are involved in crypto binance was not like that so the reason why they grew the way that they did as quickly as

they did within six months they were the number one exchange is because they were

inclusive so that's why you see the reaction amongst people who credit them being into crypto because they let them

in you would honestly not be hearing my voice right now if it wasn't for binance these alleged things that

binance did binance turned a blind eye this is uh yelling talking to its legal obligations in the pursuit of

profit in the pursuit of prophet I'm going to share with you how much profit uh that they're uh that they don't even realize that that binance

made it's willful failures allow money to flow to terrorists cyber criminal criminals and child abusers can't talk

this morning through its platform okay the treasury Department said that the platform was used by groups like Hamas and Palestinian

Islamic Jihad and Al-Qaeda right all the big bad people that they always talk about are doing these scams between

August 17th and April 20 uh2 there were direct transfers of approximately 106 million in

Bitcoin to binance.com from February 2018 to 2019 binance

process more than 275 million in deposits and 273 million in in

withdrawals from best mixer okay now I'm just going to tell you right now just really quickly even if these numbers are true

which we cannot validate okay the maximum amount that binance could have made from these

alleged deposits and withdrawals and transfers of less than $400 million in

Bitcoin the maximum amount would have been about $800,000 in profit that binance would have

made and I don't even think it's that because binance does not charge you to deposit or

withdraw they charge you when you exchange with other coins and their fee is 0.2% so it's probably likely that they

didn't even make that but the maximum amount that they could have made from these transactions is about

$800,000 now watch this now binance will now pay one of the largest corporate penalties in US history okay we have to talk about that

binance.com is not a US company they didn't establish themselves in the US because of the nature of

Bitcoin Bitcoin has no jurisdiction so if you are a Bitcoin [Music]

exchange basically anybody that has Bitcoin is able to exchange it with other people from other countries so if

you're going to be a Bitcoin exchange how can you call yourself a crypto exchange if you are isolating

people from certain countries but that's exactly what the United States is alleging that they did now I'm this is

only going to become more hypocritical as we go along right this is the beginning of the

hypocrisy right now it's only going to get worse keep watching okay now watch this like I said from February 2018 to

May 2019 bance process more than 275 million deposits and 273 million and withdrawals from best mixer and they're alleging other things most of the

charges are coming from this time period from 2019 specifically okay now I want to I want

to share something with you okay so you you see this is being alleged in May 2019 and they are saying that they allow us

customers to continue doing business uh on their exchange when the United States was telling them that they could

not okay now I'm going to tell you flat out that that is a lie and I'm going to share with you okay so watch this now June

2019 binance publicly announced that it would block us users from binance.com all of this is against

binance.com they have nothing to say against binance us which binance established a US entity after this this

is all against binance.com so again here you have this alleged stuff happening binance has no idea who's doing these transfers because it's

Bitcoin right and from febru 2018 to May 2019 they're alleging this stuff and they're

saying oh binance norly allow us customers to continue interacting with this I can tell you for a fact that

that's not true why because one day I logged on the binance.com and I couldn't use it because of this right

here so here I am now I've gone from coinbase it's been years that I've been on binance years happily on binance I

log on one day and literally one month after this is being alleged one month

after here's binance stepping up saying hey if you're from the US you cannot use

binance.com I was pissed I was upset I blamed binance not knowing what was going on at the time so

keep this in mind now okay they are alleging alleging that binance disobeyed kyc and anti-m uh

anti-money laundering laws back in 2019 now watch this watch this now this not going to take long at

all beginning in 20222 and coinciding with the proliferation of cryptocurrencies in mainstream Society US Congress has

introduced several bills aimed at providing more clarity to the emerging sector do I need to read that again

beginning in 2022 2022 they introduced new bills in other

words there was no kyc AML United States by the book law in

2019 and you're trying to go after not trying successfully went after a company that's not based in the

United States at a time where you didn't even have laws in place I told you it was only going to

get more suspicion is so here's the the United States government so concerned about the safety of the United States citizens we don't

want them involved with terrorism and we're so concerned about the customer and so on and so forth keep that in mind now what I want to share with you

now is how many other crypto exchanges have failed for various

reasons leading up to this point mount gox mount gox was one of the most notorious crypto exchange failures in

history founded in 2010 that's really the beginning began Bitcoin trading in 2011 by 2014 The Exchange had become the

largest Bitcoin trading platform on the internet handling more than 70% of the total Bitcoin transactions

some kind of way 850,000 Bitcoin disappeared from Mount go and the US government swooped in and

shut them down and those Bitcoin have never been seen before except uh in the accounts owned by the US

government but where was the US government beforehand where were they before where was was the the regulation

to prevent this from happening where was that okay let's keep going bit fin next 2016 security

breach right on August 2nd 2016 the platform experienced a lethal Cyber attack in which Anonymous hacker stole 119

19,7 56 Bitcoin valued at around 72 million at the time currently 3.2 billion at current

prices are we sure no United States people was involved in that I'm sure that they were I know for a fact that they were where was the the SEC where

was the Department of Justice to prevent this where was the action on this okay let's keep going oh here's a big one quadria

CX this was a Canadian exchange this dude I ain't even got to read this this dude had everybody's money in his own personal account and then he disappeared

allegedly and took everybody's money with him this is in Canada there were signs that things were going on before this went down where was the United

States government then cryptopia New Zealand based exchange they lost money okay subsequent investigation revealed that the breach

was a result of highly sophisticated and intricate hacking operation how come the US government and and the all the governments of the world are not

concerned about all the hacking of the Bitcoin that's going on at this time I'm going to tell you plainly is because they didn't

care they still consider Bitcoin a little thing they still considered it oh it ain't much we're not going to focus

on this but yet us people in all of these lost money people from the United States lost

money in every single one of these hacks bit fin next 2016 security breach okay we talked about that didn't we all

right quadria CX now let's get to the big one let's get to the Big Daddy FTX for sure United States people lost

that how do we know because FTX was using United States citizens to promote FTX now even though FTX

technically wasn't a US company they were founded in the Bahamas but it doesn't get more us than

using Shaq Steph Curry and and and Tom Brady and others to promote your

exchange and and we know for a fact that United States citizens were illegally I'm putting that in quotations illegally

using FTX because technically FTX was not sanctioned so how is it that the United States government the

SEC how is it that they weren't focused on something that's ran by a dude from the United States CZ was not born in the

United States Sam bakman free was how is it that a guy could be born in the United States found a company

somewhere else use us people even get the naming rights to an NBA

basketball uh Team the Miami he FTX Arena how is that allowed but you don't crack down on that

I'm gonna I'm going to share very quickly why and everybody knows what happened similar to quaja

CX Sam bakman free use customer funds as his own funds he used them to buy houses and

holes buy real estate in the Bahamas pay off officials pay people to promote the exchange

and at the end of the day was transferring money back and forth between both Alama and

FTX so the question is why wouldn't the SEC be all proactive against FTX I'm getting ready to show you now here we go

we starting about to get twisty lawyers and binance and securities claim that SEC chair

Gary gendler once offered to serve as an as an advisor to their company watch this watch this it's all about to come

together baby ginzler met CZ offered to act as binance advisor the US Securities and Exchange Commission sued binance

over alleged security violations on June 5th it's June 5th 2023 I believe now CNBC has obtained AKA by bance sent in a

filing in which binance lawyers suggest that Gensler offered to serve as an as an advisor to binance's parent

company allegedly if y'all don't pay attention to this Gensler and binance Executives discussed the prospect

extensively in March 2019 and Gensler met binance CEO for

lunch in Japan later that month the two remained in contact after that Z later took part in an interview

as part of cryptocurrency courses that Gensler previously taught at MIT additionally when gendler testified

before the house Financial Services Committee in 2019 he sent CZ a copy of his remarks earlier reports that the

Wall Street Journal cited CNBC suggested that binance officials approached ginzler to serve as an advisor as early as

2018 but as of May 2019 the contact was cut off okay that's not in here but I'm I'm telling you I I can't show y'all everything I've researched it you can research it

yourself in May 2019 is when definitively the contact was cut off now it's not known whether

CZ was like yo bro we don't want you or Gary Gensler was like I'm going to go in another direction if y'all not going to hire me or whatever I'm going

to go in another Direction I don't know what happened if you know what happened comment below but here is the most important

thing FTX was launched in May 2019 boom this is the biggest bombshell

right here you literally have Gensler and CZ meeting from 2018 to May

2019 was the last cut off and literally that same month FTX was

launched okay now there's two important things that you need to know about this launch okay so what I'm guessing that

happened pretty sure it happened is while ginzler is courting CZ or vice versa Sam bankman free who was at

MIT who has Rich parents is like yo I I can do this you don't need that guy I can do this you

can just give me the money we can just do this together we can make it happen and Gary's like hm with mind connections we can really make this work that's what

I imagine happening right two weasel talking in the sewers that's how I see Sam bakman free and Gary

giner right so now watch this now oh the second thing I'm sorry I said there was another thing what you also need to know is that once

FTX was launched they were looking for funding and ultimately could only get a little bit of funding from whoever they were

approaching because who's going to give money to somebody who's never launched an exchange before right so who did Gary

ginzler and San bankman free go to they went to CZ and asked for money to launch a competing exchange and for whatever

reason and I cannot understand to this day why CZ gave them the money to launch those are the two important

things that you need to know about this this time period now let's keep going FTX lost people's money this is

how you can validate what I'm telling you they did the worst thing possible they took people's money all the things that the the doj is alleging

about binance one thing that they're not alleging is that they took money because they didn't binance did not take any

money okay FTX took money they still can't find the money

but yet here's November 9th 2023 the sec's Gensler a allows FTX

2.0 you're allow the biggest failure today in crypto you're allowing that to be restarted but the most responsible

Exchange in crypto you're keeping that away hello is it is it making sense yet

okay and I have said this privately the whole Bitcoin F ETF thing being put off

was because guinsler knew that FTX 2.0 was coming and he wants that exchange to

be the primary benefactor of the new Bitcoin ETF not binance so they plan all along to get binance out the way so they

could benefit because Gary gendler was heavily invested in FTX heavily so much so that they really

couldn't go after binance for kyc AML because as I told you guys it didn't exist remember they

didn't really put this stuff out until 2022 they're alleging things from 2019 so what can we go after them about we're going to go after them about a law that

was created in 1970 this is pre the fed the bank secrecy act and this act is as vague as they

come basically it's a about hey we don't want Banks doing bad business now binance is not a bank binance isn't even

a company based in the US but we're going to sue binance $4.3 billion do but not really I'm going to show you guys that that's the number

that's being reported that's not the real number based off the bank secrecy act because the only company in the world that is allowing illicit activity

and money laundering between terrorists and other criminals is binance okay watch this watch this

now global Banks defy Us crackdowns by serving oligarchs criminals and terrorists the fen files show trillions

in tainted dollars flow freely through major B Banks swamping a broken enforcement system secret US Government documents

revealed that JP Morgan Chase HSBC and other big banks have defied money laundering crackdowns by moving

staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermine

democracy around the world the records show that five Global Banks JP Morgan HSBC Standard Charter Bank dech bank and

Bank of New York melon kept profiting from powerful and dangerous players even after us authorities finded these financial institutions for earlier

failures to stem flows of dirty money we're talking about trillions of dollars somebody remind me real quick

because I'm not sure is JP Morgan still in business is HSBC still in business business I I I forgot is Standard

Charter Bank is they still in business deoria bank is they still operating somebody said barely and New York melon they still going

ain't trillions of dollars and you're going after this guy for alleged 400 million in deposits

and withdrawals of of which he don't even make no money on the max amount that he could have made was $

800,000 and you're suing this guy for 4.3 billion meanwhile these dudes is moving

trillions banks are are are are us people tied to Banks do they use Banks do they use banks for their mortgages do they use do

they put their Savings in Banks do a bunch of businesses put their their business accounts in Banks what about investment programs and

IRAs and don't that touch the banks so why are you allowing this to continue to go on but you're going

halfway across the world to focus on an entity that's not even registered in the United States

that has gone out of their way to say hey y'all jokers in US y'all can't use our exchange June 2019 I experienced

this personally so much so that I left the United States just so I could continue in

crypto so don't talk to me like I don't know I experienced this this affected me as much as anybody else I took my kids

out of their school I sold my house I did all of that just because I knew that the way for me to to best take care of

my family was through crypto and the way for me to impact other people's lives was through crypto and binance did that like no you can't use this

bro I'm like what are you kidding me so they're doing the damn thing literally a month after they're being alleged of all

this stuff and here you have Banks allowing and and this isn't new

this is not new this has been going on this has been going on since the beginning of time criminals prefer the

dollar the reason why it's taken this long to come out is because unlike Bitcoin you can't track the dirty money not the average person can't Those

Behind the Scenes can but you can't track the dirty money but you can track Bitcoin so that's why they use dollars when they be having them helicopters and they be

throwing cash like they throwing cash they not throwing Bitcoin bro you can't throw Bitcoin out the helicopter so this is hypocrisy at the highest level they're not concerned

about your safety so the question is the question becomes then why are they so fixated with binance I'm going to tell

you why all right once FTX once the the the news of the FTX um not you know misappropriating funds came out Cy being the guy that he

is came out and said yo um you know this FTX we got this ftt token we got um we going to be selling

that because we don't like what they're doing and that caused the price of ftt the FTX token to

crash and from the investment that was made by CZ however much he gave him this is his

words the profit from that was 2.1 billion in FTX and bu USD the profit

from a fair business deal in which he gave them money to launch a rival exchange a regular business deal $2.1

billion so now let me let me let me share with you this 4.3 billion which is the headline that

they're going with is not 4.3 billion y'all it's really only a fine of 1.8 billion

but yet binance has agreed to Forfeit 2.5 billion now this thing doesn't say what he forfeit forfeiting 2.5 billion of [Applause]

what 2.5 billion what what's what do you mean forfeit on $400 million in alleged

elicit transactions I got to pay a fine of 1.8 billion and forfeit 2.5 billion what's the 2.5 5 billion this right

here this right here the money that he legally made investing in FTX this man gave them money to launch

they what would be a shady exchange I'm sure he didn't think it was going to be Shady but he recognized hey man I got to play Both Sides they hating on me they really

don't want to work with me because I'm Chinese even though I grew up in Canada like I'm Legit Canadian right but they they don't want

to work with me because I'm Chinese I'm just keeping it real y'all so he recognized that and here they come crawling to him for money he's nice

enough to give it to them I wouldn't have gave them a a damn dollar but he gave them the money he legitimately makes this money and they

come after his legitimate money that he made on uh alleged 400 million in transfers do y'all not understand that

binance does billions and billions in volume every single day and to insinuate that he's profiting from these terrorists and criminals who are doing

these baby transactions when literally there's 40 or 50 billion uh transactions and I'm saying the value of the transactions in tether every single day

40 to 50 billion of which binance benefits the most from that and you talking about some oh you know these little $400 million over the

course of five years he ain't pay attention to it because it didn't matter because there were no laws in place you come out with the laws later

and you hitting dues with the fines for when the laws didn't exist it's all because Gary Gensler and Kevin o and a

lot of other Big Wigs they lost money when CZ started selling the ftt co tokens that's what it's all about okay

and if you don't believe me here's ftt at $70 and $50 before the

collapse and here's ftt after from 70 bucks to a dollar now I'mma show you something else that's super

strange you're going after binance Sam bitman free is going to jail why would the coin of a an exchange

that's not even in business not even operating right now why would this be going up

hello do y' I told y'all it was only going to get stranger why the heck would this be going

up say bankman free was sentenced on November 9th look what happened November 8th it was a13 something November 9th

we're at 231 and it's been running since then and it's and uh when the CZ news came out it was $3 and now it's $440

something cents tell me where that makes sense that's because this what they playing the whole time to to legitimately take this man's or I

should say illegitimately take this man's legitimate money legitimate money oh by the way if you don't

know they shut down to BU USD stable coin too because you know somehow that was uh you know involved in elicit activity that that you know that they

don't have any evidence for and buusd is produced by pack and usdc is produced by axos but bu USD

is bad they shut that down but yet usdc is allowed to [Laughter] continue this is

crazy so now what you have happen guys is the same Rascals we got to go back to

2008 we got to go back to 2008 it was the US Financial system that caused the 2008 Global

financial crisis and basically what did they do they created derivatives of all kind of stuff derivatives is like not

real just not the actual thing I can't buy a house so I'm going to actually trade derivatives of a house so we can trade on the movement of the house pay

attention not the actual house and so to the point where the derivatives Market was bigger than the actual housing

market if you added up all the houses in the world the derivatives Market was bigger than all the real estate in the United States which is what the

derivatives was based on right and once the bubble hit it hit and it took out everything and it wiped out regular people people who were not

involved in this stuff people who don't can't even explain what this stuff is their accounts were wiped out

hello and that is the reason why Bitcoin was

created this is the reason and what we have now started to

do we have now started to give Bitcoin back to the people who destroyed the original system

in the first place in other words the very thing that Bitcoin was built to fight against we're now Slowly by giving

this to Black Rock we're giving them more and more control to allow them to do the same things with crypto as they

did with housing what do you think this Bitcoin ETF is about the reason why they want the Bitcoin ETF is not to own Bitcoin you

don't need a ETF to own Bitcoin you just own Bitcoin no they want to have the ETF which is still going to require them to have

Bitcoin which is going to be good for Bitcoin holders but basically they just want to trade it and not have a wallet not have to deal with the seword and

have a us-based company running everything so that if something were to happen they can go after a name of

phase the reason why all of this stuff is happening what they basically sued CZ for was the creation of

Bitcoin that's what they sued him for all CZ did was allow Bitcoin to be Bitcoin he made Bitcoin easier for

everybody so he just simply allowed Bitcoin to be Bitcoin didn't touch nobody's money didn't steal nobody's money and they went after him

for the largest fine in US history even though he's not a US company yet these US banks are dealing with trillions of dollars in Dirty

Money come on guys don't you see it you have to see it so the mistake that CZ made and I have long held this belief

and now it has come to fruition the mistake that CZ made was trying to get this stuff regulated in the first place

CZ was the main dude that was always pushing for regulation and I always thought that that was a

mistake going back to my experience with coinbase everything was cool until I show them my

face and understand y'all there can be no Anonymous regulation regulation can only happen if

they're able to identify you in other words you got to have an ID I can only regulate your country if I know that you're from that country in order to

know that you're from that country I need an ID I can't keep you out of my country unless I know where you're from I can't stop you from interacting

with this thing unless I know where you're coming from right the reason why metam mask shut down people from from Venezuela is because they knew who the people from

Venezuela was and they shut them down for a little while that's the regulation that we're talking you gotta have identification

before you can regulate Bitcoin has no CEO they have nobody that they can go after trust me if they did if they knew who Satoshi was they would go after them

it's a credit to Satoshi that they can't find him or her but they basically Sue CZ for allowing Bitcoin to be Bitcoin

and as I said the mistake that he made was trying to get in bed with these do trying to basically do the right thing thinking that hey everything is fair

right they're not trying to maliciously come after me let's sure let's have regulation so he built the biggest

regulatory Squad in all of crypto he hired former uh us Executives in fact he hired the person in charge of the mount

go receivership he hired that person as a part of binance trying to do the right thing you cannot have something like Bitcoin something

that's decentralized and invite regulation at the same time it does not work even now some of you are trying to buy certain tokens some of you are

trying to buy certain things you're telling your family and friends about this coin and that coin and they're finding it hard to buy stuff why because of Regulation why

because you got to wait oh because the bank going to take 4 or five days oh because we didn't get your ID oh send your ID back clear make sure you use bright

lights make your skin as white as possible that's what they trying to say don't be sending us no dark stuff you know how many messages and and DMs I got

bro I coinbase won't take my kyc they said my picture too dark dude I'm I'm I'm standing in front of a spotlight they said my picture too dark I'm like

my brother uh it ain't enough light in the world for our skin that's what they trying to tell us that's what they went after so now they can control who comes

in and out so here's what crypto needs to do for those of you who are listening to

this crypto must go back to its roots it's got to go go back to its roots we have to get people in crypto the way that Satoshi wanted us to get

people in crypto which is anybody anywhere at any time should be able to interact with this system on a peerto peer level so

hear me people that care about crypto people that want to develop things for crypto we have to have things

that allow people to interact with the system in an anonymous way or they're going to regulate everybody out of this business and only

leave it to the cronies and it starts with the onboarding we have to onboard people

without faces without ID and allow them to be able to get in and use the system otherwise they're going to regulate it all the away I'm telling you that that's what we have to do

that's what Satoshi wanted Bitcoin does not require an ID when you go to a Bitcoin ATM or if somebody most importantly this is probably the easiest

way if somebody has Bitcoin already and this is what we're not doing and this is like I said this is the issue that I had with CZ later on I think he figured it out

because in places like Nigeria he allowed them to build a peer-to-peer system and which you know it it's the number one system in the world because you know in places like Nigeria they

don't have a legit banking system so they literally trade with each other so you can go on binance and you can take your naira or whatever other

currency you know from whatever country you're from that's underserved and you can get Bitcoin and now you can take that Bitcoin and buy groceries or

whatever else you're going to do with it that's what Bitcoin it we were never supposed to be married to Banks we were never supposed to be interacting Bitcoin

and Banks ever why the hell would Satoshi build a system to get away from the banks and then all we do is go connect the banks back to [Music]

bitcoin hello that don't make no [Music] sense so we got to get back to basic

and so we need people to help people we need people to we need these developers to develop things that allow anybody

anywhere to participate in the economy and they will be judged in terms of not their face or where they're from but

their activities anybody that's doing elicit activities within Bitcoin or other blockchains is very easy easy to

see it's the easiest thing to see in the world you don't need the IRS you don't need detectives anybody who is able to read a legitimate blockchain which is a

open- source blockchain can see hey man you're trying to do some things hey you stole some money from somebody hey you fish some money from somebody you created a scam

contract it's the easiest thing in the world so you get judged based on your

behavior of that address not your face not what country you're from we got to go back to

that and so what I want to see is more products coming out like that and what I'm going to be talking about up in

upcoming videos is products that are pushing the true essence of Bitcoin which is peer-to-peer which is anonymous

which is fair which is nonin inflationary only 21 million but yet divisible 8 decimal so

that if you want to send somebody literally 21 C or $21 or 40 C you can and any blockchain

that doesn't allow the facilitation of small transactions is going to be eradicated it's going to be

obsolete I'm saying it I'm calling it okay that's what we got to do that's what we got to focus on in the future that's what I'm going to be talking

about it's your boy BSG I'mma holler at y'all in the next video going be on the on the order of a few weeks so um that's definitely the

plan and um hope to be able to turn that on quickly um let's see is my moderator back yet I

think I lost my [Music] motorator

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