Welcome to BitBoy Crypto!
My name is Ben.
Today, we're going to be discussing Sam Bankman-Fried and Erik Voorhees' debate,
"debate,"
they had yesterday.
We're getting ready to move,
so we got some empty library shelves behind me.
So, look, here's the thing, guys.
Sam Bankman-Fried is the devil.
I don't know if you guys have figured that out yet.
I don't know if you guys have figured out his game plan yet.
But I just want to go over, once again, what occurred,
how I stumbled across all this information about Sam Bankman-Fried.
I have a bill.
It's going to be public hopefully pretty soon.
We're working on a lot of funding options.
You guys are going to find out about it.
It's going to be absolutely great.
It's going to be phenomenal.
People are going to get behind it in crypto.
There's no doubt about that.
When you look at my plan compared to his, it's not even close. Okay?
Through trying to get funding to this bill, we got in touch with the policy team at FTX.
They sat on our bill for three weeks and tried to slow us down. Why?
Because they were working on their own bill.
One of our top advisors called their policy team and talked to them.
Policy team said, yeah, they actually never had any plans on funding our bill,
and they actually tried to steal the person from us,
a high-level politician,
tried to steal this person from us
and told this person that they were getting ready to start working on a federal BitLicense.
If you don't know the BitLicense in New York City,
we're going to be doing a video on it soon,
or New York State,
you have to have a license to operate in the state of New York. Okay?
That's why all kinds of exchanges and platforms are banned in New York
but you can use at other places.
So that's how we stumbled across all this information.
Five or six weeks ago, we started sounding the alarm on Sam Bankman-Fried
trying to do a federal BitLicense.
Now,
we know Sam was watching my channel.
How do we know this?
Well, the day after we started-- about three to four weeks ago,
when we actually started saying what was happening,
Sam Bankman-Fried's,
one of his minions,
Brett Harrison,
who is kind of how this information came out in the first place--
Good job, Brett.
The day we released all this information,
the next day,
Brett Harrison stepped down from FTX US.
Shocking, huh?
The next day after that, he followed me on Twitter.
So we know that they're watching.
I mean, we're not idiots.
We have the biggest crypto channel in the United States.
We have the most influence in the United States when it comes to crypto,
especially when it comes to YouTube.
We have the largest social media following out of everybody combined in crypto.
So, you know, we're not small fish here like people want to pretend that we are.
Now, here's the thing.
The thing that occurred at that point is we started telling people
Sam Bankman-Fried is going after decentralization.
He's going after peer-to-peer.
So, what happens?
Sam Bankman-Fried puts out this video,
or he puts out this long manifesto about how he's actually, you know,
they're pushing for whitelisting and blacklisting and all this stuff,
"but we're still for decentralization, and we're still for peer-to-peer transactions."
He actually, in that manifesto, was not using the word 'licensure,'
which is so interesting.
In lieu of this conversation he had yesterday with Erik Voorhees,
of course, of ShapeShift,
one of the OSGs of all OGs in crypto.
Now, so it's very interesting that the language was softened.
Sam Bankman-Fried is basically trying to put out stuff for PR and spin
to see how the crypto community was going to receive what he had to say.
Now, obviously, it led to a lot of controversy surrounding me, him, Erik Voorhees,
you know, Bankless podcast, yada, yada yada.
He ends up on the Bankless podcast with Erik Voorhees yesterday.
Now, this was the most lopsided, one-sided debate I've ever seen in the history of mankind.
Not only did Sam Bankman-Fried sound like a bumbling idiot
that can't get across a point to save his life,
but he would talk for 10 minutes straight and not say anything,
and then Erik Voorhees would come on the debate,
and he would own him with one sentence.
That's all it would take Erik Voorhees to do on the Bankless podcast,
so to go on there-- which I'm going to be there on Wednesday, by the way, I believe,
obviously,
to tell my sad, sad tale about how glasses ruined my life.
I hope to get some sympathy.
But the point is,
is Erik Voorhees owned him so badly.
It was so ridiculous!
Literally, Sam Bankman-Fried,
this is where it all starts coming out because he starts losing his composure.
He starts losing his cool.
His body language gets all slumped over.
Erik Voorhees in command, in control the entire time.
I would love to get Erik Voorhees behind our bill.
I think he's going to like what we're doing.
Totally opposite of what Sam Bankman-Fried is doing.
I think it actually fits a lot of what Erik wants to see in crypto.
But that's beside the point.
The point is here is that
every time Sam Bankman-Fried would start going down a rabbit hole,
or a rabbit trail,
he'll get further and further down to where he finally starts talking about licensure!
He starts ta--
he telling you--
he's telling you what we've been telling you for six weeks!
He wants a federal BitLicense.
And his whole argument is basically this.
"Well, in crypto, we're going to have to give some concessions,
so we need to give up decentralization."
That's his argument.
That's literally his argument.
Erik Voorhees comes back with,
"Well, yeah. But, like, what about, like, let's say this was in the '90s
and we're looking at email protocols?"
Sam Bankman-Fried so passionately, so passionately defends email, right?
Because he's such a white knight.
He's such a bumbling idiot white knight for anything that's social justice.
So here he comes,
"Oh, no, we want to protect the free speech of the people.
We want to protect their ability to be able to communicate with each other
and to be able to transact, you know, with communication and messaging,"
and blah, blah, blah, blah, blah, blah, blah, blah, blah.
So then, after he goes on this super passionate, super passionate standing up speech,
where he's standing up and he's driving home the point, like,
"We are for the people.
We want the people to choose when it comes to email.
We want to protect the email protocol.
That was the right thing.
I will fight so passionately for that.
Why? Because that has to do with, you know, with social justice and keeping--"
and Erik comes back with,
"Okay. What about Aave?"
"What about Aave? What about the Aave protocol?"
"Well, see--
Well, see, Erik, when it comes to--
when it comes to, you know, payments and transactions,
well, it's a little bit different, you know?
People should--
you know, we need licensing so people can make sure
because there are scammers out there."
There's no email scammers out there, SBF?
How many emails do you guys get per day from spam?
How many do you get per day?
How many per day?
How many Nigerian prince lottery scams do you get into your spam folder every single day?
But here's the thing.
The email protocol is protected.
But when it comes to DeFi,
Sam does not want Aave protected.
Why?
Well, here we go.
We got a centralized exchange CEO
talking about buying the other biggest exchange in America, Coinbase, now.
You got this guy talking about licensure
so people cannot send decentralized transactions.
You can't use DeFi. Why?
And Erik lays this out greatly, you know,
"You know as well as I do, Sam, that
a decentralized exchange is not going to be able to get licensure."
And Sam says, "Yeah, we know. We know."
It's all about padding his pockets.
And the jig for Sam Bankman-Fried,
well, it's up!
People know.
This week. And I'm so glad.
We got way more on this, by the way.
We have so much more on Sam Bankman-Fried.
There's a good chance he goes to prison by the time we're done with him.
But that's another story.
You know.
We know FTX has directed people to delete evidence,
and we have evidence of that.
So Sam should be scared.
He should be scared with what I got.
Because I'm getting it from a lot of sources.
Sam, all of your greatest enemies that you've ever shorted to the ground,
guess who they're coming to with all the information?
Duh!
The guy who won't shut up.
You know, I have a poll on Twitter.
Do you think he's going to try to take me out?
Put a hit on me?
You think he's going to sue me?
Or do you think he's going to get his hair cut first?
You guys go check that poll on Twitter.
But the point here is this,
is that Sam Bankman-Fried does not have your best interest at heart.
He absolutely does not.
And Erik Voorhees laid this out so well for him,
and he just had no rebuttal.
He had no response.
One of the hosts, the guy with the glasses, of Bankless said,
"Oh, don't worry. You know, we're not going to make a, you know,
be careful, you know what I'm saying?
You don't have to worry about being careful because, you know,
we're not going to make a "gotcha" clip out of this answer."
Because you can tell Sam kind of eased up a little bit.
He got a little hesitant for some stuff he was about to say.
Sam, the entire podcast was a "gotcha" clip.
The entire thing.
There's not one moment from that entire podcast
where you have any idea in your mind.
And you know what?
I think, Sam Bankman-Fried, I think you should run crypto.
I think he should be the one to decide the regulation.
I don't know how he can sit in the room with any congressperson or senator
and actually make sense with them.
That makes no sense to me.
Because this man can't complete one sentence that has meaning or value to it.
Not one.
Not one sentence can he make to defend his point
and make it seem like he's right about anything.
Because here's the thing.
He's not right.
We cannot have a centralized exchange CEO making regulation in crypto.
Absolutely not.
I will tell you this.
Let me tell you what I've been hearing last week.
We're very plugged in politically, and I will tell you that.
We've been hearing that right now, when it comes to the Senate,
no one wants to touch Sam Bankman-Fried right now.
He's so toxic right now.
They are easing back.
It's almost like--
I had this plan that, like, we were going to come out.
We were going to fight against him.
It really is.
It really is us versus SBF. It's what you're going to find out.
And a lot of this is personal between him and me
because he tried to steal my person.
You don't punk me out, Sam.
But the point here is, is that
when it comes to what's happening out there,
you're going to find out, it's going to shape up,
it's going to be my bill versus his bill.
You're going to have to choose.
And most people in crypto,
almost everyone in crypto,
that's not a centralized exchange CEO is going to ride in what we're doing
because what we're doing gives crypto a seat at the table in a fair way
to where we actually have a hand in choosing the crypto regulation that comes
instead of leaving it up to one person, one centralized exchange CEO.
So I had this idea that, man, we're going to really have to fight against him,
and, you know.
Heh!
I didn't have to say a word.
He made himself look like an idiot.
He made himself look like the devil.
He made himself look like he's trying to control the space in a manipulative way.
And I don't think there's one major person in crypto right now,
not one major person, outside of maybe his lackey, Brett Harrison,
that will get behind him and say,
"Yeah, we're for what Sam's doing!"
Nobody is.
Nobody.
He has zero people on his side.
And before we're done,
even his little lackeys are going to have to run from him
because they may have to testify against him.
So my thoughts on the debate are this.
He looked like an idiot.
Nothing he said makes sense.
Erik Voorhees absolutely destroyed him.
If you look at the word count,
it was about 90% Sam,
10% Erik.
Erik hardly had to say anything.
And one of my favorite things about the debate is you could actually see Erik smirk.
You could actually see Erik smirk when he would ask a question to Sam
because he knew that he was driving home point after point after point
without even having to say anything
because Sam himself kept putting himself further and further and further down on the mat.
Several people were saying in the chat,
"Throw the towel in! Throw the towel in!"
Somebody should have thrown the towel in.
Somebody should have stopped Sam from speaking
if they knew what was best for him.
But Sam is so arrogant.
And you guys are going to find out
when we get into covering a lot more of these investigative stuff
about projects he's absolutely destroyed, projects he's shorted to zero.
The crooks at Alameda Research that had to rebrand
and he had to get removed from it, even though he owns 90%.
And this is--
this is not a secret in the project world.
This is not a secret in the VC world.
Everyone sees.
Actually, I'll tell you this.
I'll tell you this.
I actually had a major marketing person from a major crypto exchange reach out to me,
and you know what they said?
Finally, someone's telling the truth.
Finally, someone is telling the truth about this devil,
about this person who is trying to drive crypto into the ground.
And the only way he's going to be able to do it is over my dead body.
Alright, guys. That's all I got.
Let me know. Drop comments below.
You guys go watch the Bankless podcast.
You guys,
you guys know me and the Bankless podcast, we've had--
we've had some issues over the last couple of weeks.
But whatever.
They hosted it and did a good job.
They didn't say anything.
They just let them talk the whole time, which was good.
But you guys go to the Bankless podcast on YouTube.
You guys watch the Sam Bankman-Fried versus Erik Voorhees debate
and then come back and drop your comments down below.
I want to know what you guys thought about it.
And if you guys want a really fun experience,
go watch it with the live chat
and see once I start jumping in the chat,
Altcoin Daily is in the chat,
HIT Network is in the chat,
Bitcoin is in the chat.
You guys go check that out.
Let us know what you think.
I think you guys will get a kick out of it.
I don't know if you can watch the whole thing because it's that hard to watch.
But let me know. Drop those down below.
That's all I got.
Be blessed.
BitBoy out.