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How cool is that?

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Oh, oh, oh, oh, oh

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I was pretty affected by Charlie Kirk's death.

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Murder.

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His murder

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really shook me up because

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one of my core ideals, the reason I'm on NOSTER in the first place, is free speech.

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I deeply, deeply believe in the First Amendment and the free speech of all people all over the entire world.

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And what's clear in watching the videos about Charlie and the way he lived his life

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was that he lived in service of free speech as well.

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and died during the act of engaging in free and open dialogue.

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It's not about Charlie's political beliefs or opinions.

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It's about the fact that he has a right to say those opinions.

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His children are now going to grow up without a father

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because Charlie had the courage and the bravery

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to stand up for what it means to be an American.

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he had the courage to continue to debate civilly with people,

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to engage civilly with people.

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And for that, they fucking murdered him, dude.

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We can agree to disagree on so many different topics,

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and we can and should,

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and that is what it is to be an American

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and to be a free person across the world.

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But what we cannot accept

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is violence as it relates to speech.

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What they want is clear.

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It's obvious.

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They want nobody to speak.

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They want you silent.

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They want your children to grow up without a father.

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And all because they couldn't win the fucking debate.

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It's disgusting.

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Charlie Kirk is an American hero.

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I woke up yesterday not even thinking much of Charlie Kirk at all

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Not liking him or disliking him

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Just not thinking much about him

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Charlie Kirk, he's just a guy

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He's just a middle of the road conservative guy

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You know, whatever

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I woke up today after his assassination

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Knowing, not thinking, knowing

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That this man is an American hero

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A patriot

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Who deserved to see his children grow up

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I mean, that's what we're doing here on Noster

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is we're trying to deliver free speech

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to as many people as we possibly can.

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I would say that's the binding ethos

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of everyone on this platform,

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even those who vehemently disagree with each other.

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And there is speech that I absolutely abhor

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and hate on Noster,

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but those people have a right to continue speaking,

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and I have zero right to silence them.

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This idea that speech is violence, that yeah, you have free speech, but with consequences, is bullshit.

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You have free speech with no consequences.

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That's what it is to be an American.

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Even those of you who are celebrating Kirk's death have the right to do so,

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and I have the right to call you disgusting, and you are.

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but that is the core of what it is to believe in free speech.

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You have to stand up for the speech that you absolutely hate.

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And when a man is murdered in an open dialogue,

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an open respectful dialogue with others in front of a crowd

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because he had the courage to get up and speak,

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I hope that you will recognize that for what it is.

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and how evil it is to champion it.

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I hope you will realize, despite your political beliefs,

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where that leads and how nothing good can come from it.

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A world in which nobody is allowed to speak

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is a world in which we are all fundamentally worse off.

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Our children and grandchildren will be led

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like sheep to the slaughter.

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so I will defend free speech at every turn,

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even if, like Kirk, it ultimately one day cost me my life,

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because it's too important.

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And if people want to take your speech away,

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the only logical conclusion

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is to use your speech as loud as humanly possible

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until the minute the guillotine falls on you.

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as it did to Charlie Kirk yesterday.

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He was a courageous example of what it is to be a real American.

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He was a patriot.

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He was a hero.

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I hope his children grow up to know what a good person he was,

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what a good man he was.

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And I'm sorry that they won't get to grow up with him.

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Use your speech for good.

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Always speak truth to power.

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Always remain cheerful, upbeat, optimistic, and positive.

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we are going to win.

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The anti-human scumbags that want to subjugate us all

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will not win.

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Freedom wins.

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It said freedom on his shirt.

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Oh, beautiful for spacious skies

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For amber waves of grain

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For purple mountain majesties

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Above the fruited plain

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America, America

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God shed his grace on thee

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His grace a crown like hood

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With brotherhood

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From sea to shining sea

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I think that's the hardest part at the end,

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in the beginning there, with the kids.

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I mean, it was weird yesterday.

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I was here and just taking the news.

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And as it was unfolding, it was right when the boys got out of school.

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And I met the oldest to get a haircut.

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And I had one of those.

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I met my wife and the oldest at the corner where the barbershop is.

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And had one of those moments where he ran into my arms.

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gave him a big hug

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and I think that

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has been

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the thing that's come most into perspective

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over the last 20 hours

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however so

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is the fact that his kids aren't going to

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be able to grow up with him

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I don't think

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I think we cold opened with

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Hoddle's vlog

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because we both agreed that

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I don't think we could articulate

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our feelings

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much better than he did there

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I think a lot of what we've discussed over the years on this show and outside of the show is very much aligned with what Hatt will just explain there about free speech and how important.

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Tough day. Tough day for the world.

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Yeah, that's an understatement.

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um yeah i mean i would

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yeah that uh cold open was uh american hodl's uh

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latest vlog um

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you can find it on noster if you want to comment or zap him but uh i mean look we're both parents

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right so that part has this whole thing is incredibly fucked up i was never a big charlie

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guy you know i mostly you know didn't even pay attention to things he was doing to be quite

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honest um but uh seeing it unfold and seeing it happen and seeing someone just take him out like

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that uh is incredibly gruesome incredibly fucked up and he clearly loved his family

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and uh it's hard it's hard to witness that yeah

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yeah to do it in this public i mean seriously god was never

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i had i wouldn't even say not a fan but i never really fell down the charlie kirk rabbit hole

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Obviously, I'd see his clips shared on Twitter and other places and would watch them from time to time and certainly did admire his modus operandi, which was engaging in free speech, Socratic dialogue with people who vehemently disagreed with his worldviews, his political views, his views on religion.

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and uh that's that's the note i said out yesterday is this wasn't only an assassination of

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charlie kirk but as huddle said it was uh an attack on the medium of itself of civil discourse

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which is a pretty big attack massive attack and um yeah things are weird week when you're

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crescendoing with the events of yesterday.

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Obviously, here in the United States,

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the video of the Ukrainian woman,

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Irana Zabowski,

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I believe her last name is,

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escaped a war to come live in the United States.

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And she was murdered in cold blood on a train.

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And then you pair that with the civil unrest

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going on around the world,

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whether it's Nepal, Indonesia,

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you have prime ministers resigning in

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Japan, France. It's a

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very weird time

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in the world.

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I feel that I think we both

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would agree that it's just

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hard to

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especially since everything's so fresh to try

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to react to this

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live on air.

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Yeah, I mean, I was personally just been shook this week.

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I, uh, it's, uh, it just feels tough out there right now.

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Struck with the feeling that it gets worse before it gets better.

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And, uh, I mean, on the topic of that stabbing, I don't know how to pronounce her name, Arena.

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That video is fucking gruesome too.

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I can't even bring myself to watch it.

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I watched the video.

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I watched both videos.

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I watched the Charlie video.

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I mean, it's fucking crazy.

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She's sitting on the train going home from work in Charlotte.

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And this guy, this black guy behind her just fucking stabs the shit out of her.

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Completely unprovoked.

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She's just like reading her phone sitting in front of him.

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And then there's four other black people sitting in the car at the same exact time.

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and two of them just get up and walk away.

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No one does anything.

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And then like, there's a bunch of reports

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like the media gaslighting people saying

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like it wasn racially motivated But meanwhile he was saying I got that white girl I got that white girl And he was arrested and let go 14 times

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Fucking infuriating.

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Yeah.

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Yeah.

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Yeah.

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Certainly a cultural rot that is running,

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not only in this country, but in the West more broadly.

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I don't think, maybe it is, but I do think there are people

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who are accountable for, or not being held accountable,

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but are responsible for, and who should be held accountable

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for letting things get to this point, letting lawlessness reign supreme.

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And I do think that there is a degree to which people want this social incohesion and are trying to divide and conquer and are happy that the events of the past week, as it pertains to Rana or excuse me, Rina and Charlie.

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I think there are people that want the vitriolic responses

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and the continued division amongst the people to distract

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and to use that to take more civil liberties

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and usher us into a dystopian future.

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But yeah.

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civility we talk about a lot on the show it's important to be civil now that was again

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the most impressive thing of the way charlie went about when he was down and realized how

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young he was either i knew he was young i didn't realize he was 31 31 i thought he was

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i thought he was around our age um and uh

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Yeah, he'd meet people, sit down.

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He was very polite, too.

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He had very, and many people would consider them radical views,

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but I think anybody who has a firm understanding of the political spectrum

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that exists today from far right to far left,

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he was pretty moderate in his views, all things considered.

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yeah i mean i don't really uh

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and we've talked about this in the past like social just exaggerates all this shit

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um and just fans people into a rage but i think regardless of how you feel about his views

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like the celebration that we've been seeing in a big way like lots of celebration outward

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celebration over someone getting fucking assassinated in front of his children is uh

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00:18:40,430 --> 00:18:49,870
i don't it's it's evil yeah i mean it's just evil completely disgusting

246
00:18:49,870 --> 00:18:57,870
uh and uh shakes your faith a bit right shakes your faith in humanity a bit

247
00:18:57,870 --> 00:19:04,250
like you can just you can hate him if you want but you can also just like put your phone away

248
00:19:04,350 --> 00:19:10,030
you don't have to make the post as, as Haddle said. And once again,

249
00:19:10,030 --> 00:19:14,770
this is why we called open with him. Like, cause I think he speaks better than,

250
00:19:14,950 --> 00:19:17,030
than I can on the subject. Um,

251
00:19:19,370 --> 00:19:25,030
you have the right to say it if you want to, uh, but, uh,

252
00:19:26,230 --> 00:19:31,410
consider just putting the phone down and going and touching grass and hugging

253
00:19:31,410 --> 00:19:47,690
your family and being productive yeah um it is yeah it's it's i do believe we're

254
00:19:48,910 --> 00:19:57,450
in a spiritual battle and i know uh a lot of the viewers don't like when i bring religion or

255
00:19:57,450 --> 00:20:02,570
faith into it, but whether you believe in God or a particular God or not, like I think

256
00:20:02,570 --> 00:20:09,730
at the very least you should admit that good and evil exist. And we are in a very,

257
00:20:09,730 --> 00:20:18,370
very large battle between good and evil right now. And evil got a win yesterday. And I think

258
00:20:18,370 --> 00:20:26,310
the only way to combat that is to try to bring more good into the world.

259
00:20:27,450 --> 00:20:29,630
And to have civil discourse, don't stoop to the level.

260
00:20:29,730 --> 00:20:39,210
And that's what I worry about is you're seeing a lot of rhetoric on Twitter about this getting kinetic right versus left, if you will.

261
00:20:39,310 --> 00:20:41,550
And that's not going to end well.

262
00:20:41,630 --> 00:20:42,970
It's never ended well throughout history.

263
00:20:43,050 --> 00:20:44,110
I have plenty of examples of this.

264
00:20:44,110 --> 00:20:49,710
So try to do good.

265
00:20:49,950 --> 00:20:53,450
And I think we can transition.

266
00:20:53,570 --> 00:20:54,150
What is the solution?

267
00:20:54,270 --> 00:20:54,650
Do good.

268
00:20:55,050 --> 00:20:56,890
Focus on what you can control.

269
00:20:57,450 --> 00:21:01,710
which is, I think, something that we focus on heavily here.

270
00:21:01,910 --> 00:21:03,650
And we'll shift the conversation towards that

271
00:21:03,650 --> 00:21:08,530
to paint a more optimistic future of how we can build our way out of this,

272
00:21:08,630 --> 00:21:09,890
create the future that we want to see.

273
00:21:10,570 --> 00:21:13,410
I think getting caught up in the vitriol and the rhetoric

274
00:21:13,410 --> 00:21:16,070
can be counterproductive.

275
00:21:16,390 --> 00:21:18,610
Let's focus on what's in front of us, what you can control,

276
00:21:19,530 --> 00:21:25,290
and what you can do to make a positive impact in the world.

277
00:21:25,290 --> 00:21:30,210
And so I say we go to Clark's dashboard, sort of hit a refresh.

278
00:21:31,550 --> 00:21:36,690
Before you do that, just real quick, Soap Miner's app, 21,000 sats on Primal in our Primal live chat.

279
00:21:36,930 --> 00:21:37,650
Thank you, Soap Miner.

280
00:21:38,750 --> 00:21:39,430
Appreciate you.

281
00:21:42,170 --> 00:21:42,770
All right.

282
00:21:44,010 --> 00:21:45,790
Had a little bit of a pump this week.

283
00:21:46,310 --> 00:21:49,670
Current price of Bitcoin is at 114,520 cuck bucks.

284
00:21:49,750 --> 00:21:51,750
One cuck buck is going to get you 873 sats.

285
00:21:51,750 --> 00:21:54,410
We're at a $2.28 trillion market cap.

286
00:21:55,290 --> 00:22:10,690
We are at block height 914,259, which means that we are currently 1,005 blocks away from the next difficulty adjustment, which is looking like a massive upwards adjustment of 8.2%.

287
00:22:10,690 --> 00:22:13,550
Blocks have been coming in at 9 minutes and 14 seconds.

288
00:22:14,030 --> 00:22:23,630
On average, the last difficulty adjustment, which I believe happened right after last week's show, was an upwards adjustment of 4.9%.

289
00:22:23,630 --> 00:22:25,550
So a lot of hash rate coming on the network.

290
00:22:25,730 --> 00:22:31,070
I believe I saw yesterday temporarily hash rate hit 990x a hash.

291
00:22:31,810 --> 00:22:33,770
So approaching a Zeta hash very quickly here.

292
00:22:35,010 --> 00:22:38,310
They're currently 5,330 transactions in Clark's mempool.

293
00:22:38,310 --> 00:22:47,010
If we go over to mempool.space, we'll see they have 84,438 transactions in their mempool.

294
00:22:47,950 --> 00:22:52,550
No fee market right now, or very minimal fee market right now if you have a high priority transaction.

295
00:22:53,630 --> 00:22:58,670
You're looking at a three sat per V-byte transaction fee to get into the next block.

296
00:22:59,090 --> 00:23:04,470
If you're willing to wait, one sat per V-byte should get you in in a relatively short amount of time.

297
00:23:04,470 --> 00:23:05,330
It's fucking insane.

298
00:23:05,550 --> 00:23:11,790
You can literally just, at any point in the day, you can just send a one sat per byte and it'll get confirmed almost immediately.

299
00:23:12,310 --> 00:23:16,290
Yeah, and if you look at three of the last five blocks, they're nowhere near full.

300
00:23:16,810 --> 00:23:22,390
So you probably depend on one sat per V-byte and be fine.

301
00:23:23,630 --> 00:23:24,530
Even less, no.

302
00:23:24,750 --> 00:23:25,430
Even less, no.

303
00:23:27,650 --> 00:23:29,690
All right, speaking of building our way out of this,

304
00:23:30,850 --> 00:23:32,350
this was really cool to see this week.

305
00:23:32,470 --> 00:23:35,350
Obviously, we've been talking about BitChat a lot,

306
00:23:35,690 --> 00:23:39,050
and I think Jack Dorsey put it perfectly when he quote tweeted Cali

307
00:23:39,050 --> 00:23:40,950
the other day, there when you need it.

308
00:23:40,950 --> 00:23:43,850
I'm sure many of you have seen this, but let's dive into the subject.

309
00:23:44,030 --> 00:23:46,550
There's been massive protests in Indonesia and Nepal.

310
00:23:47,430 --> 00:23:51,350
Over the last couple weeks, Nepal this week, Indonesia last week,

311
00:23:51,350 --> 00:23:58,630
Both governments have basically tried to stifle speech in the country by throttling social media usage.

312
00:23:58,870 --> 00:24:04,970
And so the citizens of these countries are turning to the tools that work and that the government can't stop.

313
00:24:05,210 --> 00:24:06,690
And BitChat is one of those.

314
00:24:06,690 --> 00:24:13,730
So looking at the chart, you can see here Nepal and Indonesia have tens of thousands of people downloading the app.

315
00:24:13,730 --> 00:24:19,030
um and matt why don't you give a quick refresher on how bit chat works and

316
00:24:19,030 --> 00:24:28,050
why people are turning to it in these countries um first of all uh to jack's comment there when

317
00:24:28,050 --> 00:24:31,990
you need it like this is how i feel about pretty much all freedom tech that's the whole point

318
00:24:31,990 --> 00:24:38,170
um it's how i feel about bitcoin uh when there's no other option there's bitcoin when there's no

319
00:24:38,170 --> 00:24:46,330
other option there's nostor and uh bit chat leverages both uh so bit chat is a censorship

320
00:24:46,330 --> 00:24:54,750
resistant mesh networking chat app um that lets you either chat with people that are near you and

321
00:24:54,750 --> 00:25:00,470
then it doesn't need internet right so it'll hop from bluetooth you use bluetooth to hop from phone

322
00:25:00,470 --> 00:25:07,670
to phone to send group messages or private messages um and a few weeks ago maybe a month

323
00:25:07,670 --> 00:25:13,550
ago, they released global communications that use the independent Nostra Relay network.

324
00:25:14,190 --> 00:25:15,670
And they did actually in a very clever way.

325
00:25:15,830 --> 00:25:18,910
So it uses Nostra Relays based on what region you're in.

326
00:25:19,430 --> 00:25:22,590
So if you're in Southeast Asia, it uses relays based in Southeast Asia.

327
00:25:22,830 --> 00:25:27,810
If you're in North America, it uses relays based in North America, rather than using

328
00:25:27,810 --> 00:25:30,470
a set like server list.

329
00:25:30,470 --> 00:25:43,290
So this is similar to existing server client infrastructure, but different in that the BitChat maintainers do not have to run any server infrastructure.

330
00:25:43,450 --> 00:25:46,530
It's independent already being run by Nostr operators.

331
00:25:47,750 --> 00:25:50,990
And second of all, you have redundancy.

332
00:25:51,330 --> 00:25:55,950
You can independent, you know, the app can automatically broadcast to multiple relays.

333
00:25:56,510 --> 00:25:59,190
The user at the end of the day doesn't even know they're using Nostr.

334
00:25:59,190 --> 00:26:01,910
So all these people are using Nostra and they have absolutely no idea.

335
00:26:02,690 --> 00:26:14,290
The way it works is instead of having like a fixed Nostra key, which is what you see in the social environments, like on Primal or Amethyst or whatnot, it's a ephemeral key.

336
00:26:14,450 --> 00:26:16,910
So it creates a key on the fly and then deletes the key.

337
00:26:17,050 --> 00:26:19,050
And when you use the app again, you have a new key.

338
00:26:20,370 --> 00:26:23,470
And the chat rooms are based on geographic areas.

339
00:26:23,470 --> 00:26:29,650
so here we can be in america we can use the nepal chat room but it's the nepal chat room

340
00:26:29,650 --> 00:26:38,050
right um so the topic the topics are effectively where you know what geography you live in or

341
00:26:38,050 --> 00:26:45,310
want to discuss which kind of reminds me of like uh you know i don't use reddit that much anymore

342
00:26:45,310 --> 00:26:51,030
my wife still does specifically for like location-based stuff right like r slash new york

343
00:26:51,030 --> 00:26:56,150
city can be very helpful to people that are either traveling to new york city or live in new york city

344
00:26:56,150 --> 00:27:01,190
or wherever they have like reddits for all the different locales right and they kind of built

345
00:27:01,190 --> 00:27:07,370
the same here with bitchat but ephemeral um and not relying on a centralized company um and then

346
00:27:07,370 --> 00:27:14,370
the coolest part is yeah you can block it on the apple app store and the google app store if you

347
00:27:14,370 --> 00:27:22,370
want. But on Android, you can sideload the app. You can just download the APK and install it. So

348
00:27:22,370 --> 00:27:26,350
even if Nepal tries to block it, the Nepal government or the Indonesian government tries

349
00:27:26,350 --> 00:27:34,370
to block it, people can still sideload the app. And it's an open protocol with the two main apps

350
00:27:34,370 --> 00:27:40,490
are vibe coded, right? So one was vibe coded by Dorsey for iOS and Cali vibe coded the Android one.

351
00:27:40,490 --> 00:27:58,230
So there's a bunch of different apps popping up on the web. So just progressive web apps that don't rely on an app store and app install at all. So we're seeing massive innovation iteration there because it's an open protocol, because no one controls it, because it's viral in nature.

352
00:27:58,230 --> 00:28:07,850
And last but not least, you can easily integrate Cashew into it and send Bitcoin payments.

353
00:28:08,390 --> 00:28:15,630
So you have private, well, with the private messages, it can be private, but group chats are censorship resistant.

354
00:28:15,810 --> 00:28:17,050
They shouldn't be considered private.

355
00:28:18,590 --> 00:28:24,710
Communications and freedom money mixed into the mix can be quite powerful for protests.

356
00:28:25,710 --> 00:28:26,690
It really can.

357
00:28:28,230 --> 00:28:37,270
there when you need it and it was i mean just the stats alone i mean 50 000 signups and

358
00:28:37,270 --> 00:28:42,890
a couple days in nepal it's pretty material and i think the government went for

359
00:28:42,890 --> 00:28:47,950
an over internet shutdown at some point and i mean what's the population

360
00:28:47,950 --> 00:28:54,030
it was crazy to see what happened i mean they birthed the parliament building down from what

361
00:28:54,030 --> 00:28:55,430
I understand it's because the government...

362
00:28:55,430 --> 00:28:57,910
Convert the Communist Party down to...

363
00:28:57,910 --> 00:28:58,210
Yeah.

364
00:28:58,770 --> 00:29:00,310
They're trying to go over communists.

365
00:29:01,490 --> 00:29:04,870
So it's good to see people push back against communism.

366
00:29:05,590 --> 00:29:08,850
Shame that I had to get to the level that it did.

367
00:29:08,850 --> 00:29:09,850
I believe they...

368
00:29:09,850 --> 00:29:17,410
I believe they took out the prime minister and his wife.

369
00:29:18,650 --> 00:29:19,810
Crazy times, man.

370
00:29:19,810 --> 00:29:26,290
yeah that is the fourth turning man did they do they kill the

371
00:29:27,010 --> 00:29:34,890
the last i saw i last i checked in yesterday morning and i believe they did population in

372
00:29:34,890 --> 00:29:41,650
nepal is 30 million so 50 000 is not that bad yeah

373
00:29:41,650 --> 00:29:53,070
but yeah i do i mean i heard you say the mandibles like i i think it gets worse before it gets better

374
00:29:53,070 --> 00:29:58,250
i think i think at least you have to plan for that with your family

375
00:29:58,250 --> 00:30:06,250
and then hope for the best right if it doesn't then uh that'd be great but don't get caught

376
00:30:06,250 --> 00:30:06,930
flat-footed.

377
00:30:07,710 --> 00:30:07,870
No.

378
00:30:09,450 --> 00:30:09,690
No.

379
00:30:14,150 --> 00:30:15,230
Go try out BitChat

380
00:30:15,230 --> 00:30:16,050
if you haven't already.

381
00:30:16,270 --> 00:30:17,170
There when you need it,

382
00:30:17,290 --> 00:30:18,310
but you should also have it

383
00:30:18,310 --> 00:30:19,570
before you need it as well

384
00:30:19,570 --> 00:30:20,690
in case anything happens

385
00:30:20,690 --> 00:30:21,290
to the app stores

386
00:30:21,290 --> 00:30:22,950
or the internet.

387
00:30:23,990 --> 00:30:25,050
The internet specifically,

388
00:30:25,230 --> 00:30:26,430
if they do throttle the internet,

389
00:30:26,490 --> 00:30:27,290
it's going to be harder to download.

390
00:30:29,470 --> 00:30:30,530
If you already have it

391
00:30:30,530 --> 00:30:32,010
and you're using Bluetooth mesh,

392
00:30:32,470 --> 00:30:32,970
it will work.

393
00:30:36,250 --> 00:30:46,010
So next up on the list, we have covered this a couple times over the last couple months, but I think it is getting more legitimate in terms of –

394
00:30:46,010 --> 00:30:52,310
I see Ben Allen in the comments because this is a big mistake if we got it wrong.

395
00:30:52,790 --> 00:30:54,490
The prime minister resigned.

396
00:30:54,670 --> 00:30:55,390
He wasn't killed.

397
00:30:55,650 --> 00:30:55,830
Oh.

398
00:30:56,550 --> 00:30:57,370
He resigned that time.

399
00:30:58,210 --> 00:30:59,170
19 citizens would die.

400
00:30:59,170 --> 00:31:07,570
I saw – yeah, I saw he had been physically accosted, maybe physically removed from the parliament video building.

401
00:31:07,770 --> 00:31:21,000
And I don know if you I don know if you mentioned this but the thing that tipped it over in Nepal was the government tried to ban social media I think it highly relevant for what we trying to build out at Primal

402
00:31:24,000 --> 00:31:36,440
In a lot of ways, I mean, I think Bitcoin has obviously hit escape velocity in a way that many open protocols never hit.

403
00:31:36,440 --> 00:31:38,780
and we'll see if Nostra does hit that.

404
00:31:39,640 --> 00:31:42,540
But if it does, in a lot of ways,

405
00:31:42,640 --> 00:31:46,500
I think Primal and Nostra can be even more sensitive

406
00:31:46,500 --> 00:31:53,620
in terms of government regulation and response than Bitcoin,

407
00:31:54,760 --> 00:31:57,740
which is kind of crazy because, I mean,

408
00:31:57,780 --> 00:32:00,020
obviously a lot of governments do hate Bitcoin,

409
00:32:00,940 --> 00:32:03,180
but they might hate Nostra even more.

410
00:32:03,800 --> 00:32:04,360
Yeah.

411
00:32:06,440 --> 00:32:08,620
Grow. Spin out the relays.

412
00:32:09,380 --> 00:32:10,420
Get your friends and family on.

413
00:32:11,160 --> 00:32:14,640
Create a critical tipping point of network effects.

414
00:32:14,820 --> 00:32:17,160
And to your point about governments hating Bitcoin,

415
00:32:18,360 --> 00:32:20,860
as I was mentioning, we've covered this a couple times,

416
00:32:20,960 --> 00:32:23,720
and it seems like our government, at least those in FinCem,

417
00:32:25,380 --> 00:32:27,820
and the Department of the Treasury,

418
00:32:28,420 --> 00:32:30,320
don't like Bitcoin being used privately.

419
00:32:30,320 --> 00:32:48,060
So the rage has been sleuthing the developments of the integration of a legal framework for usage of Bitcoin and other cryptocurrencies into the Patriot Act.

420
00:32:48,060 --> 00:33:00,180
We mentioned it a couple of months ago when the digital assets team in the Trump administration launched their brief, which was multiple hundred pages long in one small section.

421
00:33:00,400 --> 00:33:11,920
They mentioned that they would like to expand the Patriot Act to cover and add like a sixth requirement to cover digital asset transactions.

422
00:33:11,920 --> 00:33:17,540
It looks like they're working closely with FinCEN and the Department of Treasury to make this happen.

423
00:33:18,060 --> 00:33:18,980
And it's not looking good.

424
00:33:19,260 --> 00:33:23,680
So I'll just read this section from the Rage's article from earlier today.

425
00:33:23,760 --> 00:33:25,660
The Mixer Rule is not a mixer rule.

426
00:33:25,740 --> 00:33:30,680
The Treasury Mixer Rule is not so much a mixer rule rather than a blanket ban on any software

427
00:33:30,680 --> 00:33:34,920
and even behavior that would grant users of public blockchain transactional privacy.

428
00:33:35,500 --> 00:33:39,260
As such, the rule would deem the following software and behavior as a primary money laundering

429
00:33:39,260 --> 00:33:43,600
concern, meaning that such transactions would end up blocked by centralized intermediaries.

430
00:33:43,760 --> 00:33:48,040
It could put an end to the development of privacy software, even non-custodial wallets,

431
00:33:48,060 --> 00:33:52,580
under the threat of criminal liabilities. These include pooling or aggregating cryptocurrency

432
00:33:52,580 --> 00:33:57,800
from multiple persons, wallets, addresses, or accounts, using programmatic or algorithmic

433
00:33:57,800 --> 00:34:02,720
code to coordinate, manage, or manipulate the structure of a transaction, splitting cryptocurrency

434
00:34:02,720 --> 00:34:07,600
for transmittal and transmitting the cryptocurrency through a series of independent transactions,

435
00:34:08,320 --> 00:34:13,780
creating and using single-use wallets, addresses, or accounts, and sending cryptocurrency through

436
00:34:13,780 --> 00:34:19,300
such wallets, addresses, or accounts through a series of independent transactions, exchanging

437
00:34:19,300 --> 00:34:25,360
between types of cryptocurrency or other digital atomic swaps there, and facilitating user-initiated

438
00:34:25,360 --> 00:34:30,900
delays in transactional activity. Notably, the Mixer's Rule suggestion that cryptocurrency

439
00:34:30,900 --> 00:34:35,280
swaps, transaction delays, splitting, and the creation of single-use addresses, wallets,

440
00:34:35,320 --> 00:34:39,760
and accounts would even put users under suspicion with the authorities potentially ending in

441
00:34:39,760 --> 00:34:44,120
criminal liability, similar to how transaction structuring, sometimes also known as smurfing,

442
00:34:44,640 --> 00:34:49,880
is deemed a federal crime in traditional finance, referring to the intentional breakup of transactions

443
00:34:49,880 --> 00:34:55,740
that fall below the $10,000 currency transaction reporting requirement. In traditional finance,

444
00:34:55,820 --> 00:35:00,780
smurfing carries a federal prison sentence of up to five years, even if the money transferred did

445
00:35:00,780 --> 00:35:10,660
not stem from illicit origins. So not great. Not only do they want to really stamp out the use of

446
00:35:10,660 --> 00:35:18,020
CoinJoin, but they're going as far as to say that the tried and true and best practice of not reusing

447
00:35:18,020 --> 00:35:25,940
addresses will be deemed suspicious and potentially get you on a list and prevent you from interacting

448
00:35:25,940 --> 00:35:29,460
with centralized third parties that are regulated by the government.

449
00:35:30,780 --> 00:35:41,360
Yeah, I mean, I think you mentioned in the beginning, but we covered this last week and I think a month ago.

450
00:35:43,860 --> 00:35:46,980
Not a good development, to say the least.

451
00:35:47,200 --> 00:35:48,640
I think it's horrible for our country.

452
00:35:49,280 --> 00:35:51,160
It's worse for our country than it is for Bitcoin.

453
00:35:54,220 --> 00:35:58,300
Because Bitcoin and open source tools can be and will be resilient.

454
00:35:58,300 --> 00:36:04,860
but uh you know i like the reporting the rage does and they wrote a really

455
00:36:04,860 --> 00:36:08,960
well-researched article on it so i think it was important to recover it again

456
00:36:08,960 --> 00:36:18,080
i don't understand exactly and maybe marty you do um how likely is this to actually be

457
00:36:18,080 --> 00:36:22,920
implemented i mean it seems like it's coming in through a fincent ruling it's not actually a law

458
00:36:22,920 --> 00:36:35,300
uh fincen has previously fincen was actually out in front even before the samurai guilty plea in

459
00:36:35,300 --> 00:36:45,880
tornado cash uh guilty verdict uh saying that self-custody wasn't money transmission um

460
00:36:45,880 --> 00:36:50,640
and specifically that collaborative transactions,

461
00:36:51,140 --> 00:36:57,320
non-custodial transactions weren't under their purview.

462
00:36:59,600 --> 00:37:02,860
Yeah, that particular section that I just read

463
00:37:02,860 --> 00:37:04,860
in this part of the conversation

464
00:37:04,860 --> 00:37:09,060
pertains to FinCEN guidelines and rules

465
00:37:09,060 --> 00:37:13,940
that they plan on instituting.

466
00:37:13,940 --> 00:37:27,020
But there's also the Rage article did highlight that there's also the sort of reviving the special measures to fight modern threats act, which would codify some of this stuff into law as well.

467
00:37:31,240 --> 00:37:39,020
Yeah, right now the FinCEN is using authorities under the Patriot Act Section 311 to go after specific groups in the digital asset sector.

468
00:37:43,940 --> 00:37:53,800
But it seems like there's going to be a bill brought to – it was originally introduced in 2022 by Representatives Himes of Connecticut.

469
00:37:54,600 --> 00:38:03,900
As part of the Competes Act, it would effectively grant the Treasury the power to ban any type of transaction it deems concern without public notice or input under the Patriot Act authority.

470
00:38:05,060 --> 00:38:09,300
So it looks like they're going to be reintroducing that bill as well.

471
00:38:09,300 --> 00:38:18,020
yeah i mean it seems like uh i mean i think it goes without saying but it seems like uh

472
00:38:18,580 --> 00:38:27,700
a significant escalation over even the the already shitty status quo which is um historically i don't

473
00:38:27,700 --> 00:38:35,620
think we've ever seen uh users of privacy tools actually be targeted it's always the maintainers

474
00:38:35,620 --> 00:38:37,860
or the developers or the companies behind them.

475
00:38:38,920 --> 00:38:44,820
If we start seeing users getting attacked

476
00:38:44,820 --> 00:38:48,600
under this type of regulation,

477
00:38:48,600 --> 00:38:52,540
that would be a very significant escalation.

478
00:38:54,520 --> 00:38:58,200
And I think it's, I mean, not a constitutional lawyer,

479
00:38:58,200 --> 00:39:02,760
but I think it's unconstitutional for that to happen.

480
00:39:02,760 --> 00:39:06,140
but

481
00:39:06,140 --> 00:39:08,780
I mean we'll see how it plays out

482
00:39:08,780 --> 00:39:10,700
I will say that the boys at

483
00:39:10,700 --> 00:39:11,940
BPI are

484
00:39:11,940 --> 00:39:14,780
mission focused on trying to make

485
00:39:14,780 --> 00:39:15,840
sure this type of thing

486
00:39:15,840 --> 00:39:18,420
does not happen

487
00:39:18,420 --> 00:39:21,040
it's horrible for Bitcoiners

488
00:39:21,040 --> 00:39:22,180
and it's horrible for America

489
00:39:22,180 --> 00:39:26,640
I think America should be leading in

490
00:39:26,640 --> 00:39:28,280
to Bitcoin as freedom money

491
00:39:28,280 --> 00:39:30,620
I think that's what makes our country stronger

492
00:39:30,620 --> 00:39:32,720
makes the people of America stronger and as a result

493
00:39:32,720 --> 00:39:33,820
It makes the country stronger.

494
00:39:36,800 --> 00:39:45,360
And I think in a lot of ways, you can argue that these kind of rules at the end of the day significantly hurt our national security.

495
00:39:45,980 --> 00:39:51,600
When you're talking about the geopolitical arena and pushing back against adversaries of the country.

496
00:39:52,860 --> 00:39:56,000
So I will say that they are mission focused on this.

497
00:39:56,340 --> 00:39:59,900
And from the very beginning, it was one of the main reasons that BPI even exists.

498
00:39:59,900 --> 00:40:03,080
everything else is kind of a means to that end

499
00:40:03,080 --> 00:40:08,380
yeah the uh i mean

500
00:40:08,380 --> 00:40:16,100
we beat this concept uh to death over the years but i don't think you can actually beat it to death

501
00:40:16,100 --> 00:40:20,780
like financial privacy is not a crime it's a human right and the way this

502
00:40:20,780 --> 00:40:26,720
these guidelines are structured as written today and if they're implemented i mean just

503
00:40:26,720 --> 00:40:27,780
It's a single address.

504
00:40:28,680 --> 00:40:33,980
It's just like best practice for privacy and for efficiency,

505
00:40:34,680 --> 00:40:40,360
for making sure that you're not overspending when you have to combine.

506
00:40:40,460 --> 00:40:43,680
If you're using a single address and you have to combine UTXOs,

507
00:40:43,840 --> 00:40:44,800
it gets more expensive.

508
00:40:45,360 --> 00:40:47,680
I believe after a certain threshold,

509
00:40:47,840 --> 00:40:52,160
if you reuse an address too much, it degrades the entropy.

510
00:40:52,780 --> 00:40:55,980
It makes it easier to brute force your private key.

511
00:40:56,720 --> 00:40:59,120
degrades the entropy of your private

512
00:40:59,120 --> 00:41:00,100
public heap here.

513
00:41:01,360 --> 00:41:01,800
Logan,

514
00:41:02,220 --> 00:41:05,480
yeah, I mean, that's true too.

515
00:41:06,140 --> 00:41:06,500
Logan,

516
00:41:06,900 --> 00:41:10,960
I see someone in the comments.

517
00:41:11,140 --> 00:41:13,260
Did you put a link to the Primal stream

518
00:41:13,260 --> 00:41:14,920
in the YouTube show notes?

519
00:41:16,740 --> 00:41:18,940
I don't think there's a Primal link.

520
00:41:20,140 --> 00:41:21,200
I think the link

521
00:41:21,200 --> 00:41:22,740
is to rhr.tv.

522
00:41:25,300 --> 00:41:25,780
Oh.

523
00:41:26,720 --> 00:41:47,300
Interesting. I don't know, someone was complaining about it. But anyway, Freaks, if you want to participate in the Primal stream, the easiest way is to either download Primal in your favorite app store or on web, go to primal.net slash RHR.

524
00:41:47,300 --> 00:41:51,020
i will say milian and team they respond

525
00:41:51,020 --> 00:41:59,320
to bug fixes very quickly i do not have to refresh the page on firefox to get the

526
00:41:59,320 --> 00:42:03,140
the chat live stream it's coming in and streaming in i have it refresh once

527
00:42:03,140 --> 00:42:07,840
there you go fine and dandy iterating at laser speed

528
00:42:07,840 --> 00:42:17,280
i mean ultimately what i really want is uh and i think we'll get there is like primal.net

529
00:42:17,280 --> 00:42:19,000
And by the way, Freaks, this doesn't exist yet.

530
00:42:19,900 --> 00:42:22,460
Primal.net slash RHR slash live.

531
00:42:22,920 --> 00:42:29,740
And then that will just always be like a fixed link to our live streams if you're on web.

532
00:42:33,100 --> 00:42:33,660
Yeah.

533
00:42:33,960 --> 00:42:35,060
One bug to report.

534
00:42:35,440 --> 00:42:36,140
Soap miners.

535
00:42:37,060 --> 00:42:39,000
Zap came with a lengthy message.

536
00:42:39,240 --> 00:42:45,720
And there's just some UI bug there.

537
00:42:45,980 --> 00:42:47,020
The message is too long.

538
00:42:47,020 --> 00:42:53,340
you need to yeah we'll figure all this stuff out there's uh the primal team is in the comments

539
00:42:53,340 --> 00:42:57,960
uh we're just we're gonna bug test this shit live and every week it'll get better

540
00:42:57,960 --> 00:43:04,620
um oh i see uh winsome hacks is saying rh.tv slash stream which is the link we've discussed

541
00:43:04,620 --> 00:43:10,580
many times in the past to view the live stream actually still should work even in our new current

542
00:43:10,580 --> 00:43:16,260
setup um but right now zapstream is under ddos and that's why it shows in old state

543
00:43:16,260 --> 00:43:24,540
um but nostril is an open protocol so um any any any stream from anywhere that's nostril compatible

544
00:43:24,540 --> 00:43:31,660
gets shown in zapstream and primal but yeah i like i said i gotta find historically our hard

545
00:43:31,660 --> 00:43:38,560
coded stream link is zapstream and it still is but zapstream's down so here we are there's some

546
00:43:38,560 --> 00:43:44,800
context for you we'll get to the bottom of it all preaks we will

547
00:43:44,800 --> 00:43:52,480
honestly i think honestly at this point i think uh and i haven't actually talked to kieran about

548
00:43:52,480 --> 00:44:01,800
this in person yet but um i think it might just be cloud flare that's ddossing him because he's

549
00:44:01,800 --> 00:44:07,660
not using cloud flare you think so they've been they've been known to do that shit have they

550
00:44:07,660 --> 00:44:12,420
yeah and then you like bend the knee and you like activate cloud flare and then all of a sudden

551
00:44:12,420 --> 00:44:13,460
you're good

552
00:44:13,460 --> 00:44:16,880
seems like that should be illegal

553
00:44:16,880 --> 00:44:18,120
yeah

554
00:44:18,120 --> 00:44:20,960
I mean I don't think they've ever admitted it

555
00:44:20,960 --> 00:44:23,180
but it's like it's an open secret

556
00:44:23,180 --> 00:44:28,820
but he wants to you know I respect

557
00:44:28,820 --> 00:44:30,380
he wants to do everything the freedom way

558
00:44:30,380 --> 00:44:31,980
and self host to servers

559
00:44:31,980 --> 00:44:34,360
and not use Cloudflare which is basically

560
00:44:34,360 --> 00:44:35,860
a man in the middle as a service

561
00:44:35,860 --> 00:44:42,300
I respect it

562
00:44:42,420 --> 00:44:50,780
I don't respect what Cloudflare does, and Cloudflare can go fuck themselves, but I respect Cure trying to take the hard path with Zapstream.

563
00:44:54,780 --> 00:44:57,660
Moving on to macro talk.

564
00:44:58,800 --> 00:45:07,200
Here in the United States, wholesale prices unexpectedly declined by 0.1% in August as FedRate decision looms.

565
00:45:07,200 --> 00:45:15,580
producer price index fell by 0.1% in August after a downwardly revised 0.7% increase in July

566
00:45:15,580 --> 00:45:19,020
and well off the Dow estimate for a 0.3% rise.

567
00:45:19,140 --> 00:45:22,940
The release provides breathing room for the Federal Reserve to approve interest rate cut.

568
00:45:23,200 --> 00:45:26,360
At its meeting next week, services prices, a key metric for the Fed,

569
00:45:26,880 --> 00:45:30,440
when evaluating the stance of monetary policy posted a 0.2% drop.

570
00:45:30,640 --> 00:45:35,560
And so the boogeyman of inflation seems to be going away,

571
00:45:35,560 --> 00:45:37,000
which the Fed has been worried about.

572
00:45:38,700 --> 00:45:41,620
And many people, Jerome Powell specifically,

573
00:45:41,980 --> 00:45:48,200
said he was waiting to see the effects of tariffs on the CPI

574
00:45:48,200 --> 00:45:52,340
and other inflation indices, the PPI being one of those.

575
00:45:52,340 --> 00:45:59,100
And it looks like it's not manifesting as much as he believed it may have.

576
00:45:59,320 --> 00:46:05,480
And so I guess this is just giving more reason for the Fed to cut rates

577
00:46:05,480 --> 00:46:13,360
You couple that with the massive jobs, downward jobs revision that we received earlier this week as well.

578
00:46:14,180 --> 00:46:20,760
Between 2024, jobs were overreported by 911,000.

579
00:46:21,160 --> 00:46:25,920
And so many are making the argument that there was no jobs growth in 2024.

580
00:46:26,180 --> 00:46:33,620
The Biden administration and the Bureau of Labor Statistics, by extension, were cooking the jobs data to make the economy look better.

581
00:46:33,620 --> 00:46:44,860
And I think, listen, the Trump administration could be cooking the revisions as well to make it look worse than it actually was.

582
00:46:45,000 --> 00:46:55,230
But let run with the assumption that they not and try to use external anecdotal data points to prove that that may be the case

583
00:46:55,310 --> 00:46:57,490
I would not be surprised if it's actually the case.

584
00:46:58,150 --> 00:47:01,410
These numbers are actually legit because I think we'd be covering it.

585
00:47:01,470 --> 00:47:07,430
It seems like there's been a silent depression for quite a period of time now.

586
00:47:07,430 --> 00:47:09,010
People complaining about prices,

587
00:47:09,250 --> 00:47:11,790
complaining about the inability to afford a house,

588
00:47:12,050 --> 00:47:13,230
the inability to afford healthcare,

589
00:47:13,230 --> 00:47:19,710
the inability to afford groceries has been pretty clear and that's been pretty consistent for

590
00:47:19,710 --> 00:47:25,610
many years now at this point post-covid stimulus and uh yeah so i would not be surprised if we've

591
00:47:25,610 --> 00:47:29,770
the u.s economy has technically been in a recession in many sectors of the economy for

592
00:47:29,770 --> 00:47:35,570
for well over a year now at this point yeah i mean it definitely feels that way when you like

593
00:47:35,570 --> 00:47:37,290
go out into the real world and talk to people.

594
00:47:40,050 --> 00:47:43,770
And it's just, I mean, we've talked about this in the past,

595
00:47:43,850 --> 00:47:47,230
but it's just, it's so complete clown world that like,

596
00:47:48,090 --> 00:47:50,870
I don't know, like a bullshit number comes in

597
00:47:50,870 --> 00:47:55,530
with questionable practices on how they calculate it.

598
00:47:55,530 --> 00:47:57,930
It's under quote unquote analyst projections.

599
00:47:58,450 --> 00:48:00,970
So then as a result, the market's like, oh, you know,

600
00:48:01,010 --> 00:48:04,130
the closed door Fed meeting is going to lower interest rates.

601
00:48:04,270 --> 00:48:05,170
So then the market bumps.

602
00:48:05,570 --> 00:48:08,170
And that all happens in like 30 minutes, right?

603
00:48:08,210 --> 00:48:15,170
Like all you have to do is like you're like watching your block clock and the price goes up, you know, $1,000, $2,000 on Bitcoin.

604
00:48:15,530 --> 00:48:18,670
And it's all because of that feedback loop.

605
00:48:20,070 --> 00:48:23,570
I just really quickly, Zapstream is not down right now.

606
00:48:25,670 --> 00:48:33,990
But there's like some technical reasons for behind the scenes that I won't go into.

607
00:48:33,990 --> 00:48:39,970
But right now, if you want to watch on Zapstream, just go to zap.stream and you can see it there.

608
00:48:40,070 --> 00:48:41,990
It's just streaming from a different endpub right now.

609
00:48:45,170 --> 00:48:51,790
Zapstream's picking up the host endpub rather than the broadcast event endpub.

610
00:48:51,990 --> 00:48:53,810
Like the event is signed by a different endpub.

611
00:48:53,930 --> 00:48:59,890
But anyway, we'll figure out all these different things and we'll solve it over time.

612
00:48:59,890 --> 00:49:08,250
I also see Seth, our accountant, zapped 21,000 sats saying the new Primal Update is the quickest and cleanest way to watch RHR ever.

613
00:49:08,470 --> 00:49:09,290
This is awesome.

614
00:49:10,430 --> 00:49:12,530
And Milian zapped 21,000 sats.

615
00:49:12,650 --> 00:49:13,650
Let's fucking go.

616
00:49:14,770 --> 00:49:21,510
I might have kind of tricked Milian into zapping us because I texted him that I think that the iOS stream zaps aren't working.

617
00:49:24,810 --> 00:49:26,570
Clearly, he was testing it out.

618
00:49:26,910 --> 00:49:29,410
Can you test it on Android too, Milian?

619
00:49:29,890 --> 00:49:32,030
I think it may not be working there either.

620
00:49:34,690 --> 00:49:37,470
But yeah, guys, in the next five months or so,

621
00:49:37,570 --> 00:49:42,850
like this whole Nostra streaming experience is going to be absolutely amazing.

622
00:49:43,150 --> 00:49:45,870
Like I think we're making record pace here.

623
00:49:46,070 --> 00:49:47,610
So just hang in there with us.

624
00:49:47,610 --> 00:49:51,250
I know it's a little bit frustrating.

625
00:49:52,690 --> 00:49:52,790
Yeah.

626
00:49:54,090 --> 00:49:57,950
No, but back to the U.S. economy.

627
00:49:57,950 --> 00:50:08,750
I think we've been in a silent depression for many years, I think since COVID, since they shut down the economy and destroyed the middle class and small businesses.

628
00:50:09,210 --> 00:50:13,370
I don't think we've recovered materially since then, especially when you factor in inflation.

629
00:50:15,650 --> 00:50:24,750
But yeah, I mentioned I was speaking with Peter Alexander and Mel Madison last week.

630
00:50:24,750 --> 00:50:27,250
I recorded with both of them last Friday.

631
00:50:27,970 --> 00:50:35,190
And yeah, Mel, who's been pretty on the ball in terms of his predictions for how things

632
00:50:35,190 --> 00:50:41,610
are going to play out this year, he's bullish on stocks, bonds, and gold and Bitcoin at

633
00:50:41,610 --> 00:50:42,830
the same time right now.

634
00:50:43,010 --> 00:50:47,450
And that ties into our next topic, which is the fact that the 10-year yield has dropped

635
00:50:47,450 --> 00:50:49,030
to 4.05%.

636
00:50:49,030 --> 00:50:51,430
Had a very strong auction this week as well.

637
00:50:52,030 --> 00:50:54,210
And so I think it's pretty clear that it's all systems go.

638
00:50:54,210 --> 00:50:55,510
rates are going to get lower.

639
00:50:57,150 --> 00:50:58,410
And we're going to try and

640
00:50:58,410 --> 00:51:00,650
set the economy on turbo,

641
00:51:01,050 --> 00:51:02,230
stimulate the economy

642
00:51:02,230 --> 00:51:03,690
as much as possible.

643
00:51:03,790 --> 00:51:04,610
And it's going to be beneficial

644
00:51:04,610 --> 00:51:05,090
for

645
00:51:05,090 --> 00:51:08,510
financial asset prices,

646
00:51:08,910 --> 00:51:09,230
which

647
00:51:09,230 --> 00:51:11,030
unfortunately

648
00:51:11,030 --> 00:51:12,410
is not going to benefit everybody.

649
00:51:12,630 --> 00:51:13,050
I think it

650
00:51:13,050 --> 00:51:15,530
could obviously restoke

651
00:51:15,530 --> 00:51:17,010
inflation as well.

652
00:51:17,350 --> 00:51:17,610
And so

653
00:51:17,610 --> 00:51:20,050
out of all the

654
00:51:20,050 --> 00:51:21,270
assets that are going to pump,

655
00:51:21,290 --> 00:51:22,070
I think it's pretty clear

656
00:51:22,070 --> 00:51:22,910
which one we believe

657
00:51:22,910 --> 00:51:26,210
you should all be getting exposure to, which is Bitcoin, most accessible.

658
00:51:28,670 --> 00:51:30,570
It's the best way to preserve your purchasing power.

659
00:51:30,670 --> 00:51:31,690
It's why Bitcoin exists.

660
00:51:31,990 --> 00:51:38,750
And I think the strong movement in price we've seen in the last few days is a reaction,

661
00:51:39,090 --> 00:51:45,070
is basically recognition that, A, it seems pretty clear that stimulus is back on the table,

662
00:51:45,150 --> 00:51:46,710
lower rates are back on the table.

663
00:51:47,370 --> 00:51:50,230
We could be heading down towards ZERP again.

664
00:51:50,230 --> 00:51:52,930
so you want to get hard assets like Bitcoin.

665
00:51:54,850 --> 00:51:55,370
100%.

666
00:51:55,370 --> 00:51:56,750
It's interesting.

667
00:51:58,650 --> 00:52:02,030
I mean, the 10-year falling is also indicative of the market

668
00:52:02,030 --> 00:52:03,730
thinking that inflation is under control,

669
00:52:05,270 --> 00:52:09,250
which seems retarded.

670
00:52:10,410 --> 00:52:14,310
But, I mean, market to market.

671
00:52:16,350 --> 00:52:17,310
Yeah, it's that.

672
00:52:17,310 --> 00:52:22,450
and obviously also an indicator of how much demand

673
00:52:22,450 --> 00:52:24,790
is there going to be for U.S. debt.

674
00:52:25,590 --> 00:52:28,230
I think another factor could be you look at France,

675
00:52:28,950 --> 00:52:31,670
in the U.K. specifically, in Germany.

676
00:52:32,090 --> 00:52:35,290
Those economies are dog shit right now.

677
00:52:35,550 --> 00:52:38,230
France, it's rumored that their government is going to fail

678
00:52:38,230 --> 00:52:41,250
and they're going to have to go to the IMF for a bailout,

679
00:52:41,250 --> 00:52:44,670
which is not a good look for a developed Western nation.

680
00:52:44,670 --> 00:52:47,270
similarly you have

681
00:52:47,270 --> 00:52:50,250
not a good look at all

682
00:52:50,250 --> 00:52:51,870
in the UK

683
00:52:51,870 --> 00:52:54,230
in Germany's economy is still struggling

684
00:52:54,230 --> 00:52:56,290
other stock markets have been up but

685
00:52:56,290 --> 00:53:00,490
it just could be like a flight to relative safety

686
00:53:00,490 --> 00:53:02,410
what's the best

687
00:53:02,410 --> 00:53:04,150
government debt market

688
00:53:04,150 --> 00:53:06,130
if all those governments are failing

689
00:53:06,130 --> 00:53:11,010
flee to relative safety

690
00:53:11,010 --> 00:53:12,070
not that it's safe at all

691
00:53:12,070 --> 00:53:12,990
they should all be buying Bitcoin

692
00:53:12,990 --> 00:53:13,330
but

693
00:53:13,330 --> 00:53:16,750
can't depend on that

694
00:53:16,750 --> 00:53:19,030
well anyway

695
00:53:19,030 --> 00:53:19,870
I would never give

696
00:53:19,870 --> 00:53:20,870
someone a 10 year loan

697
00:53:20,870 --> 00:53:21,650
at 4%

698
00:53:21,650 --> 00:53:23,770
no

699
00:53:23,770 --> 00:53:27,010
alright

700
00:53:27,010 --> 00:53:27,630
we've got

701
00:53:27,630 --> 00:53:28,770
software updates

702
00:53:28,770 --> 00:53:29,350
so before

703
00:53:29,350 --> 00:53:31,730
I forget

704
00:53:31,730 --> 00:53:32,870
do we have a

705
00:53:32,870 --> 00:53:33,950
Human Rights Foundation

706
00:53:33,950 --> 00:53:34,730
story of the week too

707
00:53:34,730 --> 00:53:36,310
they had an update

708
00:53:36,310 --> 00:53:36,970
they had an

709
00:53:36,970 --> 00:53:37,990
shipped their new newsletter

710
00:53:37,990 --> 00:53:39,630
by the time we went live

711
00:53:39,630 --> 00:53:39,970
so

712
00:53:39,970 --> 00:53:41,310
I'll check

713
00:53:41,310 --> 00:53:44,050
I'll check

714
00:53:44,050 --> 00:53:47,070
my inbox

715
00:53:47,070 --> 00:53:48,250
to see if they sent one more

716
00:53:48,250 --> 00:53:49,990
it looks like they did

717
00:53:49,990 --> 00:53:56,990
you can pick one again

718
00:53:56,990 --> 00:53:59,850
this is going to be fun

719
00:53:59,850 --> 00:54:02,570
the fountain guys

720
00:54:02,570 --> 00:54:04,910
the

721
00:54:04,910 --> 00:54:07,530
desktop dashboard

722
00:54:07,530 --> 00:54:09,390
for boost

723
00:54:09,390 --> 00:54:11,950
is different than the app

724
00:54:11,950 --> 00:54:14,250
in the sense that it

725
00:54:14,250 --> 00:54:17,330
lists boost in chronological order

726
00:54:17,330 --> 00:54:18,230
from when they were posted

727
00:54:18,230 --> 00:54:22,790
not in terms of the amount of sats boosted.

728
00:54:24,150 --> 00:54:26,490
First 21,000 sat boost

729
00:54:26,490 --> 00:54:29,130
came from our friend Stimmy.

730
00:54:29,510 --> 00:54:30,850
Shout out to the audio freaks

731
00:54:30,850 --> 00:54:32,310
with Primal Streaming FOMO.

732
00:54:34,370 --> 00:54:35,930
Shout out 21,000 sat.

733
00:54:36,030 --> 00:54:36,750
Shout out to you Stimmy.

734
00:54:37,230 --> 00:54:38,390
One of the cool things

735
00:54:38,390 --> 00:54:40,470
is all those fountain boosts are Nostra posts,

736
00:54:40,550 --> 00:54:42,150
so I actually retweeted that on Primal.

737
00:54:45,310 --> 00:54:46,490
I'm going to do that right now, too.

738
00:54:48,130 --> 00:54:50,550
I'm retweeting that feed.

739
00:54:50,550 --> 00:54:53,250
It's cool you can retweet a boost just natively.

740
00:54:54,430 --> 00:54:55,690
Open protocols, man.

741
00:54:56,350 --> 00:54:56,770
And you can.

742
00:54:56,890 --> 00:54:58,110
I'm going to zap that boost, too.

743
00:54:58,310 --> 00:54:58,970
Guess what, Stimmy?

744
00:54:59,610 --> 00:55:00,470
He's got a thousand sats back.

745
00:55:00,470 --> 00:55:03,590
The money's just moving in circles.

746
00:55:03,590 --> 00:55:12,130
that's the only 21 000 sap boost from last week's rhr rabbit hole recap 373 bitcoin is the best

747
00:55:12,130 --> 00:55:25,430
money and i will open up my inbox and hrf financial freedom report number 89 let's pick a story here

748
00:55:25,430 --> 00:55:34,170
we touched on indonesia but we didn't really dive into the exact story so to add context from

749
00:55:34,170 --> 00:55:40,270
the earlier subject we discussed indonesia police violently suppressed student-led protests indonesia

750
00:55:40,270 --> 00:55:44,330
experienced its largest protest in years as students workers and rights groups took to the

751
00:55:44,330 --> 00:55:49,830
streets against new lawmaker perks in addition to their salaries all 580 members of the house

752
00:55:49,830 --> 00:55:57,650
representatives now receive a monthly housing allowance of 50 million rupiah around 3,075 us

753
00:55:57,650 --> 00:56:02,770
dollars this is nearly 10 times minimum wage in jakarta police met demonstrators with violence

754
00:56:02,770 --> 00:56:08,250
and force detaining 3 000 injuring 1 000 and killing 10 people nationwide the unrest reflects

755
00:56:08,250 --> 00:56:12,370
mounting frustrations over eroding financial conditions defined by rising living costs

756
00:56:12,370 --> 00:56:17,350
widespread layoffs and new tax likes officials have also pressured platforms like tiktok and meta

757
00:56:17,350 --> 00:56:22,590
to curb protest content with reports of X access being blocked amid the crackdown.

758
00:56:22,590 --> 00:56:30,530
So similarly, financial stress, financial repression,

759
00:56:31,230 --> 00:56:32,950
people complaining about it on social media,

760
00:56:33,490 --> 00:56:35,470
then the government moves to social media repression.

761
00:56:36,030 --> 00:56:39,370
And that's what drove people to BitChat in Indonesia.

762
00:56:40,590 --> 00:56:42,310
And it's a tale of old time.

763
00:56:42,430 --> 00:56:45,170
I mean, it's crazy how time is a flat circle.

764
00:56:45,170 --> 00:56:49,650
and these stories have become a dime a dozen throughout the years.

765
00:56:49,810 --> 00:56:53,330
This is very predictable once financial stress starts

766
00:56:53,330 --> 00:56:54,590
and people start complaining about it

767
00:56:54,590 --> 00:57:00,850
and the government starts handing out free giveaways to politicians.

768
00:57:02,030 --> 00:57:04,310
It's a very predictable order of operations here.

769
00:57:05,970 --> 00:57:07,730
Inflation, complaining.

770
00:57:10,750 --> 00:57:11,810
And complaining.

771
00:57:11,810 --> 00:57:16,830
access to financial services and social media and then they meet in the streets and

772
00:57:16,830 --> 00:57:18,590
start physically beating people

773
00:57:18,590 --> 00:57:22,070
very true

774
00:57:22,070 --> 00:57:27,490
onto the tools that can use

775
00:57:27,490 --> 00:57:32,390
that you can use to make your bitcoin life better craig raw

776
00:57:32,390 --> 00:57:37,170
has released what do you call this frigate free gate

777
00:57:37,170 --> 00:57:46,150
frigate it's it's frigate bro frigate yeah like a boat a frigate hey logan i learn something new

778
00:57:46,150 --> 00:57:51,550
every week from you there's also a frigate is to me there's also a bird there's a bird called a

779
00:57:51,550 --> 00:57:55,350
frigate and you know he's the creator sparrow all right he likes naming things after birds

780
00:57:55,350 --> 00:58:05,290
okay and it's a marine bird and yeah it's also about type of boat what is it what type of boat

781
00:58:05,290 --> 00:58:06,230
What's a frigate?

782
00:58:07,250 --> 00:58:09,930
The Navy has frigates.

783
00:58:10,410 --> 00:58:10,750
Okay.

784
00:58:11,350 --> 00:58:12,110
It's a warship.

785
00:58:13,630 --> 00:58:14,850
Learn something new every week.

786
00:58:14,950 --> 00:58:15,110
Hey.

787
00:58:17,210 --> 00:58:19,390
Don't come at me because I didn't know what a frigate was.

788
00:58:19,690 --> 00:58:21,490
What did you pronounce it?

789
00:58:21,670 --> 00:58:22,150
Freigate?

790
00:58:22,170 --> 00:58:24,790
It makes me feel better about V-Log.

791
00:58:27,930 --> 00:58:28,790
A Freigate?

792
00:58:28,910 --> 00:58:29,510
A frigate.

793
00:58:29,510 --> 00:58:29,930
A frigate.

794
00:58:29,990 --> 00:58:34,270
Frigate is an experimental election server testing efficient silent payment scanning

795
00:58:34,270 --> 00:58:37,170
with ephemeral client keys.

796
00:58:37,690 --> 00:58:39,610
Note that Frigate is currently a proof of concept

797
00:58:39,610 --> 00:58:41,670
for supporting silent payments on Electrum servers,

798
00:58:41,810 --> 00:58:45,090
not a replacement for Electris, Fulcrum, etc.

799
00:58:45,490 --> 00:58:47,270
If you are a developer interested in exploring

800
00:58:47,270 --> 00:58:51,050
silent payment scanning, check out Frigate.

801
00:58:51,770 --> 00:58:52,210
Pretty cool.

802
00:58:52,210 --> 00:58:57,250
Yeah, I imagine there's demand for something like this

803
00:58:57,250 --> 00:58:58,330
because of Spark.

804
00:59:00,330 --> 00:59:01,050
Oh, no, silent payments.

805
00:59:01,330 --> 00:59:02,090
No, not Spark.

806
00:59:02,690 --> 00:59:04,070
That's state chain. It's my bad.

807
00:59:04,270 --> 00:59:31,910
No, the big, yeah, the biggest issue with silent payments is what this is trying to solve, which is the actual syncing issue. It tries to, you know, solve a similar thing that BIP 47 solved or, or, or provided a tool for, which is this idea of, I want to receive payments on chain, but I don't want to keep reusing the same address, which is obviously horrible for privacy.

808
00:59:31,910 --> 00:59:34,010
and I don't have to keep providing a new address

809
00:59:34,010 --> 00:59:36,470
or run like a BTC pay server or ZapRite or something

810
00:59:36,470 --> 00:59:37,330
to provide a new address.

811
00:59:37,450 --> 00:59:39,590
So I want to just give you like a static string.

812
00:59:39,790 --> 00:59:42,270
I just want to give you a single address

813
00:59:42,270 --> 00:59:44,550
that I give you once you put in your contact book

814
00:59:44,550 --> 00:59:46,270
and every time it sends to a new address.

815
00:59:46,930 --> 00:59:48,750
Now, BIP47 solved that

816
00:59:48,750 --> 00:59:52,490
by doing a notification transaction,

817
00:59:52,730 --> 00:59:56,230
which you could scan the chain to compute the addresses

818
00:59:56,230 --> 00:59:59,110
that are just between you and the person

819
00:59:59,110 --> 01:00:00,110
you're transacting with.

820
01:00:00,110 --> 01:00:05,430
silent payments does not have that notification transaction so it has a a lower on-chain burden

821
01:00:05,430 --> 01:00:12,570
but instead the burden is put on the receiver in terms of syncing and specifically syncing in a

822
01:00:12,570 --> 01:00:19,530
situation like cake wallet has it integrated and so syncing in a situation where you know you have

823
01:00:19,530 --> 01:00:25,810
a remote node and that remote node is an electrum server run by many people is is is not an easy

824
01:00:25,810 --> 01:00:27,710
computational problem.

825
01:00:28,010 --> 01:00:28,810
You don't want it to

826
01:00:28,810 --> 01:00:31,130
take forever

827
01:00:31,130 --> 01:00:34,050
and strain the resources of the server.

828
01:00:34,210 --> 01:00:35,550
This is Craig's attempt

829
01:00:35,550 --> 01:00:38,150
to solve that more elegantly

830
01:00:38,150 --> 01:00:40,030
and it's probably the first step to

831
01:00:40,030 --> 01:00:42,230
getting silent payments into Sparrow itself.

832
01:00:44,750 --> 01:00:46,170
Great. Love to see it.

833
01:00:47,370 --> 01:00:47,970
Love to see it.

834
01:00:48,850 --> 01:00:49,630
Breaking news.

835
01:00:49,630 --> 01:00:51,750
Breaking news. We are currently out competing

836
01:00:51,750 --> 01:00:53,350
TBPN on

837
01:00:53,350 --> 01:00:55,570
X. We have more viewers.

838
01:00:55,570 --> 01:00:59,790
more live viewers than tbpn right now i think this is the first time since we've been recording

839
01:00:59,790 --> 01:01:06,750
and tracking our competition with the rabbit hole recap uh knockoff and so if you're if you're

840
01:01:06,750 --> 01:01:12,850
watching on x we need to pump the numbers retweet share it's a beautiful thing

841
01:01:13,570 --> 01:01:15,930
we got some

842
01:01:15,930 --> 01:01:23,570
pound room pound drums app from bitcoin rising 21212

843
01:01:23,570 --> 01:01:28,430
Pretty impressive since I convinced half of our audience to delete their X account.

844
01:01:28,990 --> 01:01:29,170
Yeah.

845
01:01:30,190 --> 01:01:30,870
Love to see it.

846
01:01:30,930 --> 01:01:31,450
Thank you, Freaks.

847
01:01:32,170 --> 01:01:33,170
Primal Stream is fire.

848
01:01:33,290 --> 01:01:34,510
Love you guys, but run Knotts.

849
01:01:38,770 --> 01:01:41,830
Yeah, I mean, look, if you want to run Knotts, you're welcome to run Knotts.

850
01:01:43,310 --> 01:01:44,510
I think that's your right.

851
01:01:44,510 --> 01:01:53,110
I personally am not willing to recommend Knotts to people right now because I want to see their release and review process.

852
01:01:53,570 --> 01:01:56,870
become better.

853
01:01:57,230 --> 01:02:00,310
Like right now, it's pretty much just Luke's shipping code.

854
01:02:01,810 --> 01:02:02,790
And I like Luke.

855
01:02:03,030 --> 01:02:03,890
I think he means well.

856
01:02:03,930 --> 01:02:04,930
I think he cares about Bitcoin.

857
01:02:08,090 --> 01:02:11,930
But I mean, it's a very important project.

858
01:02:11,930 --> 01:02:14,230
Your node should be very important to you.

859
01:02:15,270 --> 01:02:21,110
And you can, right now, if you don't want to relay larger transactions,

860
01:02:21,110 --> 01:02:26,970
if you're running core v29 you're not if you don't upgrade you continue to not be

861
01:02:27,000 --> 01:02:35,900
And you always also have the option of running V30 with a modified config file, which is actually much easier to do than people say it is.

862
01:02:37,460 --> 01:02:42,700
So you can either reduce that data carrier size or you can just choose not to relay transactions at all.

863
01:02:45,900 --> 01:02:49,120
Whether they're large or small, but by doing blocks only.

864
01:02:49,120 --> 01:02:53,760
I do like having at least some size mempool because on start nine,

865
01:02:53,840 --> 01:02:57,380
it's really cool to run mempool space alongside of it and having a self

866
01:02:57,380 --> 01:03:01,060
hosted view of, of incoming transactions.

867
01:03:01,920 --> 01:03:04,480
And then last but not least, I said this last week,

868
01:03:04,500 --> 01:03:06,960
but I see people saying it again in the comments.

869
01:03:08,280 --> 01:03:11,940
I do not think, yeah, I think,

870
01:03:12,020 --> 01:03:17,660
I think that I'm kind of frustrated with core for deciding to force through

871
01:03:17,660 --> 01:03:26,920
this kind of, I mean, force is a hard word. No, no one's forcing you to update, but, uh, it's just,

872
01:03:26,920 --> 01:03:32,700
it's, it's, it's creating unnecessary drama and I don't think it really changes much.

873
01:03:33,620 --> 01:03:38,300
Um, people that want to relay larger transactions could have updated their config file to relay

874
01:03:38,300 --> 01:03:43,920
larger transactions instead of core changing the default. Um, but I don't think it's this

875
01:03:43,920 --> 01:03:47,940
existential threat that people are making out to be like you can mine these transactions right now

876
01:03:47,940 --> 01:03:55,560
today for consensus rules um and there are modified nodes that are already relaying them

877
01:03:55,560 --> 01:03:59,760
and you can submit them directly to miners and so like i think the question is like

878
01:03:59,760 --> 01:04:05,560
if 10 of nodes or 5 of nodes are relaying them already uh

879
01:04:05,560 --> 01:04:12,500
running knots probably not going to stop that and then last but not least i would like to see more

880
01:04:12,500 --> 01:04:15,760
well-reviewed, maintained Bitcoin implementation.

881
01:04:15,960 --> 01:04:17,140
So node runners have more choice.

882
01:04:17,720 --> 01:04:21,160
And that's part of the reason why I don't need my time to open Sats

883
01:04:21,160 --> 01:04:25,560
so that we have more developers working on the protocol.

884
01:04:27,920 --> 01:04:28,400
Yeah.

885
01:04:29,860 --> 01:04:32,580
And I really don't want to have to repeat this every fucking week.

886
01:04:32,980 --> 01:04:33,060
No.

887
01:04:34,640 --> 01:04:38,880
So, but I will if you guys insist.

888
01:04:38,880 --> 01:04:41,280
and then I see we have Sue

889
01:04:41,280 --> 01:04:42,540
Generous John

890
01:04:42,540 --> 01:04:45,400
this is where my

891
01:04:45,400 --> 01:04:47,360
Latin comes out I was just about to say I may not

892
01:04:47,360 --> 01:04:49,160
be able to pronounce frigate but I know Latin

893
01:04:49,160 --> 01:04:51,160
when I see it Suey Generous

894
01:04:51,160 --> 01:04:52,880
John okay well

895
01:04:52,880 --> 01:04:54,660
at least I didn't say frigate

896
01:04:54,660 --> 01:04:57,180
and he says

897
01:04:57,180 --> 01:04:59,220
chicken pot pie chicken pot pie chicken pot

898
01:04:59,220 --> 01:05:00,900
pie and then map 21

899
01:05:00,900 --> 01:05:02,940
21000 sats he says keep your

900
01:05:02,940 --> 01:05:04,020
heads up freaks

901
01:05:04,020 --> 01:05:06,460
and Marco's app

902
01:05:06,460 --> 01:05:08,480
21212 sats

903
01:05:08,480 --> 01:05:18,960
best time of the week uh thank you marco i do think it's hilarious that uh there's like a

904
01:05:18,960 --> 01:05:25,540
a fringe minority in nostril that like has like this big vc conspiracy about primal

905
01:05:25,540 --> 01:05:31,940
and it's it's i think six employees now maybe seven employees and two of them are millions kids

906
01:05:31,940 --> 01:05:38,660
it's like a nice nice humble family operation yeah you love to see it

907
01:05:38,660 --> 01:05:44,040
uh wasn't a zap didn't have a zap to it but i haven't been able to listen to it yet and i would

908
01:05:44,040 --> 01:05:51,220
like to hear your responses so dell great citadel dispatch episode with egg eggy edgy on the cashew

909
01:05:51,220 --> 01:05:56,940
it's not pronounced it's not pronounced eggy i think he pronounced it eggo eggo eggo but i

910
01:05:56,940 --> 01:05:57,900
I'd pronounce it Aggie.

911
01:06:00,020 --> 01:06:01,820
Filthy Fiat Wallet learned a lot

912
01:06:01,820 --> 01:06:04,240
and implemented it this week with Noster Wallet Connect.

913
01:06:05,320 --> 01:06:06,300
Yeah, it was a fun one.

914
01:06:06,680 --> 01:06:09,220
We obviously were focusing on Cachy with that episode.

915
01:06:09,220 --> 01:06:12,200
And then I just had Marks on for Maple.

916
01:06:13,280 --> 01:06:16,160
So I think both those conversations were a lot of fun.

917
01:06:16,280 --> 01:06:18,060
Check them out by searching Cytle Dispatch

918
01:06:18,060 --> 01:06:20,260
in your favorite podcast app next week.

919
01:06:21,840 --> 01:06:23,200
Hasn't been announced yet,

920
01:06:23,780 --> 01:06:26,420
but it will be one of the open source developers

921
01:06:26,420 --> 01:06:29,480
building out Fediment, and we'll be talking about how it's easier than ever

922
01:06:29,480 --> 01:06:31,580
to run your own Fediment.

923
01:06:32,520 --> 01:06:33,160
Let's fucking go.

924
01:06:34,020 --> 01:06:35,020
All right, back to the list.

925
01:06:35,180 --> 01:06:36,620
Another important update this week.

926
01:06:36,740 --> 01:06:39,620
ZapRite launches event tickets functionality.

927
01:06:39,820 --> 01:06:41,860
It's a pretty big update for them.

928
01:06:43,300 --> 01:06:47,700
I recorded with Will Cole, had a product at ZapRite earlier this morning

929
01:06:47,700 --> 01:06:52,160
on this exact subject, and it's pretty impressive what they built.

930
01:06:52,160 --> 01:06:55,000
I mean, they're almost at exact feature parity

931
01:06:55,000 --> 01:06:56,460
to something like Eventbrite.

932
01:06:58,000 --> 01:06:59,540
Yeah, it's really clean.

933
01:07:01,860 --> 01:07:04,620
So Bitcoin Park is throwing an event next week,

934
01:07:04,880 --> 01:07:05,920
two events next week,

935
01:07:06,760 --> 01:07:09,220
the Custody and Treasury Summit and Imagine If.

936
01:07:10,180 --> 01:07:13,600
You can find more information for that at BitcoinPark.com.

937
01:07:13,840 --> 01:07:17,980
But we're using ZapRite event tickets for that,

938
01:07:18,220 --> 01:07:19,760
and the interface is fantastic.

939
01:07:19,760 --> 01:07:21,920
Super clean, exactly what you'd expect.

940
01:07:22,160 --> 01:07:25,500
pay with Bitcoin, pay with fiat, however you want to.

941
01:07:27,320 --> 01:07:30,560
I still love the feature that you can charge more for fiat.

942
01:07:31,940 --> 01:07:34,800
And I like how it flips on the head from a discount with Bitcoin.

943
01:07:35,120 --> 01:07:38,100
It's like you're not getting a Bitcoin discount.

944
01:07:38,240 --> 01:07:39,620
You're getting upcharge for fiat.

945
01:07:40,920 --> 01:07:42,360
And it handles everything for you.

946
01:07:42,440 --> 01:07:43,060
Super clean.

947
01:07:45,700 --> 01:07:46,380
Check it out.

948
01:07:46,440 --> 01:07:48,140
If you're running an event, you want to accept Bitcoin?

949
01:07:48,400 --> 01:07:52,020
Don't want to be beholden to Eventbrite and others?

950
01:07:52,160 --> 01:07:54,560
who take a lot in fees,

951
01:07:55,700 --> 01:07:56,480
consider Zap right.

952
01:07:56,780 --> 01:07:57,660
We'll miss that feature parody.

953
01:07:59,900 --> 01:08:01,980
Also, Mark, what's your opinion on chicken pot pies?

954
01:08:02,980 --> 01:08:03,780
I love chicken pot pies.

955
01:08:03,920 --> 01:08:06,680
My wife actually made a homemade chicken pot pie last week.

956
01:08:06,720 --> 01:08:07,140
It was delicious.

957
01:08:07,760 --> 01:08:09,120
I'm a big chicken pot pie guy.

958
01:08:09,440 --> 01:08:09,700
It's good.

959
01:08:09,700 --> 01:08:09,840
Yeah.

960
01:08:10,520 --> 01:08:11,840
We do it in the cast iron.

961
01:08:14,480 --> 01:08:15,220
It's great.

962
01:08:16,240 --> 01:08:17,700
We'll pop pastry over.

963
01:08:19,140 --> 01:08:20,640
It's a nice little guilty pleasure.

964
01:08:21,320 --> 01:08:21,740
It is.

965
01:08:21,740 --> 01:08:22,420
That's good.

966
01:08:22,500 --> 01:08:22,780
It's good.

967
01:08:22,840 --> 01:08:23,320
It's wholesome.

968
01:08:24,320 --> 01:08:25,060
Yeah, exactly.

969
01:08:29,560 --> 01:08:31,780
D10 torrent search updates.

970
01:08:31,900 --> 01:08:32,740
We talked about this.

971
01:08:33,440 --> 01:08:34,120
I like this.

972
01:08:34,200 --> 01:08:34,660
One second.

973
01:08:35,300 --> 01:08:40,140
Greg Tanosky, one of our major trolls here,

974
01:08:40,340 --> 01:08:44,060
ride or die trolls at Rabbit Hole Recap,

975
01:08:44,140 --> 01:08:45,760
is saying Bitcoin Nuts is independent

976
01:08:45,760 --> 01:08:47,200
and developed without influence

977
01:08:47,200 --> 01:08:49,420
from Clown World sponsors and VCs.

978
01:08:49,420 --> 01:08:56,240
um i mean they raised a fucking massive round for ocean that is effectively paying for knots

979
01:08:56,240 --> 01:09:03,720
development um and i will say once again that i called for additional contributors to knots to

980
01:09:03,720 --> 01:09:12,200
apply to open sets um so i mean you just you don't you don't you can encourage knots usage without

981
01:09:12,200 --> 01:09:15,180
making up bullshit that is easily disprovable

982
01:09:15,180 --> 01:09:21,520
and then like people are like oh well dorsey funded open sats it's like yeah well the largest

983
01:09:21,520 --> 01:09:28,420
investor in ocean is dorsey as well so he actually has equity in that company he has

984
01:09:28,420 --> 01:09:34,940
no equity in open sats and no control over open sats it's also tiresome it's also tiresome

985
01:09:34,940 --> 01:09:44,500
d10 torrent search updates we announced last week right so it looks like they're shipping fast

986
01:09:44,500 --> 01:09:52,820
trending torrents uh yeah this is kieran too you know kieran is the maintainer of uh zapstream and

987
01:09:52,820 --> 01:09:59,040
snort and this is his latest project it's pretty cool i mean i'm a fan of torrents using torrents

988
01:09:59,040 --> 01:10:04,760
and nostr together to be able to look up torrents easily sort through them get ratings use web of

989
01:10:04,760 --> 01:10:11,160
trust it's a really compelling use case um and so it's an open source project you can self-host it

990
01:10:11,160 --> 01:10:16,380
but he's also hosting an instance at dtan.xyz.

991
01:10:18,060 --> 01:10:19,020
Yeah, I'm looking at this.

992
01:10:19,300 --> 01:10:19,920
Oh, God.

993
01:10:21,260 --> 01:10:22,600
There's porn on there already.

994
01:10:22,760 --> 01:10:23,360
God damn it.

995
01:10:25,140 --> 01:10:27,180
Well, even if you do Web of Trust,

996
01:10:27,320 --> 01:10:29,740
then who in your Web of Trust is putting the porn on?

997
01:10:30,300 --> 01:10:32,400
You can remove them from your Web of Trust if you want.

998
01:10:35,720 --> 01:10:37,160
Oh, I want to talk about porn.

999
01:10:38,020 --> 01:10:39,340
Oh, God damn it, Logan.

1000
01:10:41,160 --> 01:10:44,300
I'm just looking through this.

1001
01:10:45,600 --> 01:10:48,160
It's like a lot of Spanish language content.

1002
01:10:51,560 --> 01:10:52,160
Una

1003
01:10:52,160 --> 01:10:54,620
de Minecraft.

1004
01:10:55,040 --> 01:10:55,220
So

1005
01:10:55,220 --> 01:10:58,020
is that like a little version of Minecraft?

1006
01:10:58,760 --> 01:10:59,700
Small file Minecraft.

1007
01:11:00,280 --> 01:11:00,720
It's pretty cool.

1008
01:11:06,000 --> 01:11:08,160
Are you just scrolling through Torrents right now?

1009
01:11:08,760 --> 01:11:08,980
Yeah.

1010
01:11:09,420 --> 01:11:10,880
Not clicking on any because I don't want to

1011
01:11:10,880 --> 01:11:12,600
that will end anything

1012
01:11:12,600 --> 01:11:13,500
I don't want on my computer

1013
01:11:13,500 --> 01:11:13,800
but

1014
01:11:13,800 --> 01:11:16,320
just looking at it

1015
01:11:16,320 --> 01:11:18,440
I think it's a cool project

1016
01:11:18,440 --> 01:11:19,420
yeah

1017
01:11:19,420 --> 01:11:20,180
go check it out

1018
01:11:20,180 --> 01:11:22,000
ttan.xyz

1019
01:11:22,000 --> 01:11:25,300
excuse me

1020
01:11:25,300 --> 01:11:26,420
Android security

1021
01:11:26,420 --> 01:11:27,320
patches

1022
01:11:27,320 --> 01:11:28,560
moves to quarterly

1023
01:11:28,560 --> 01:11:29,820
model instead of monthly

1024
01:11:29,820 --> 01:11:31,500
this is interesting

1025
01:11:31,500 --> 01:11:36,240
this is coming from

1026
01:11:36,240 --> 01:11:36,820
graphene

1027
01:11:36,820 --> 01:11:38,400
yeah graphene

1028
01:11:38,400 --> 01:11:39,560
seems really concerned

1029
01:11:39,560 --> 01:11:40,260
about this

1030
01:11:40,260 --> 01:11:43,040
or the developers behind Graphene.

1031
01:11:43,840 --> 01:11:46,200
So they're embargoed on the exact information.

1032
01:11:47,540 --> 01:11:50,140
So basically what's happening is

1033
01:11:50,140 --> 01:11:56,640
the Google Android team is providing security updates

1034
01:11:56,640 --> 01:11:59,600
and they're sending them out to developers

1035
01:11:59,600 --> 01:12:02,340
of different Android packages, right?

1036
01:12:02,400 --> 01:12:05,340
So like Samsung, Graphene, I don't know.

1037
01:12:05,440 --> 01:12:07,280
Who else makes Android phones now?

1038
01:12:07,280 --> 01:12:15,160
um and uh so they're sending him out to all these these these teams and they're saying you can't

1039
01:12:15,160 --> 01:12:21,260
ship the update for a quarter um and then those teams because it's such a big you know it's like

1040
01:12:21,260 --> 01:12:33,560
huawei and everybody anyone who makes android stuff um and uh i uh and and so basically they're

1041
01:12:33,560 --> 01:12:37,840
shipping it out they're telling you you can't ship it out yourself for four months because you

1042
01:12:37,840 --> 01:12:44,100
have to give all the other uh developers time to ship it but meanwhile it's going out to like nso

1043
01:12:44,100 --> 01:12:50,440
group and all these different malicious actors to then leverage it to attack so i mean if you're not

1044
01:12:50,440 --> 01:12:57,160
assuming malintent here which you know it could just be it's not necessarily malicious from google

1045
01:12:57,160 --> 01:13:05,520
but what is effectively happening is these security bugs that can be used to compromise

1046
01:13:05,520 --> 01:13:12,080
your device are being released almost yeah four months or what three months earlier than they're

1047
01:13:12,080 --> 01:13:17,140
getting actually implemented to user devices and there's that three-month window where they can be

1048
01:13:17,140 --> 01:13:23,860
used to attack people and i guess if graphing breaks that embargo and ships early themselves

1049
01:13:23,860 --> 01:13:27,280
then I think Android stops providing them the security releases,

1050
01:13:28,100 --> 01:13:30,160
which obviously hurts graphene users as well.

1051
01:13:30,220 --> 01:13:33,620
So they're stuck in kind of between a rock and a hard place,

1052
01:13:33,820 --> 01:13:37,180
and they're calling for a quote-unquote independent whistleblower

1053
01:13:37,180 --> 01:13:40,800
to break the embargo so then they can just ship.

1054
01:13:42,560 --> 01:13:43,120
Yeah.

1055
01:13:43,880 --> 01:13:45,180
That doesn't seem great.

1056
01:13:48,300 --> 01:13:52,640
It seems like vulnerabilities may be critical.

1057
01:13:52,640 --> 01:13:54,600
if they're acting in this way?

1058
01:14:00,720 --> 01:14:11,390
Kieran saying D10 as a new It almost two years old sorry karen that on me sorry karen i mean we also only came on my radar recently too so it on me as well karen i apologize and

1059
01:14:11,390 --> 01:14:19,470
i appreciate you um i see some people in the i see some knots people in the youtube chat that i like

1060
01:14:19,470 --> 01:14:24,750
to respond to saying this is an existential threat to bitcoin and odell has been co-opted

1061
01:14:24,750 --> 01:14:28,630
But once again, I am not going to tell you what to run.

1062
01:14:29,310 --> 01:14:30,210
Which is like, come on, people.

1063
01:14:30,330 --> 01:14:30,550
Yeah.

1064
01:14:31,650 --> 01:14:33,170
I'm not going to tell you what to run.

1065
01:14:34,210 --> 01:14:36,530
But people do, they're curious about my opinion.

1066
01:14:37,370 --> 01:14:46,350
So this is my opinion, is that a lot of rage is being made over something that is not actually an existential threat to Bitcoin.

1067
01:14:46,350 --> 01:14:57,070
when v30 releases um i guess we'll know if it was or not and if i was wrong i'm happy to you know

1068
01:14:57,070 --> 01:15:03,430
tell people i was wrong after the fact uh i don't expect any of you guys to say you're wrong if it

1069
01:15:03,430 --> 01:15:09,630
wasn't the case but right now a lot of people are being uh basically scared into selling their

1070
01:15:09,630 --> 01:15:17,790
Bitcoin, moving to custodians, going into MSTR, blindly running knots.

1071
01:15:19,170 --> 01:15:21,350
So there's a lot of fear out there.

1072
01:15:21,630 --> 01:15:29,750
And in general, I think it's unwarranted and counterproductive when I think the ultimate

1073
01:15:29,750 --> 01:15:33,870
goal should be to have more well-reviewed implementations out there.

1074
01:15:34,510 --> 01:15:36,030
So node runners have more options.

1075
01:15:36,030 --> 01:15:40,530
I think that's just an absolute net benefit for the ecosystem as a whole.

1076
01:15:42,270 --> 01:15:43,050
I completely agree.

1077
01:15:46,710 --> 01:15:47,190
Yeah.

1078
01:15:47,630 --> 01:15:49,610
And it's the last thing I'll say.

1079
01:15:49,790 --> 01:15:57,110
It's like people are like forcing you to or trying to force people like us to agree that's an existential crisis.

1080
01:15:57,110 --> 01:16:03,930
If we respond and say, hey, I understand why you may think it is, but I personally do not hold that belief as well.

1081
01:16:03,930 --> 01:16:05,030
They attack you.

1082
01:16:05,190 --> 01:16:05,990
So you're co-opted.

1083
01:16:06,030 --> 01:16:14,310
yeah it's ridiculous i'm not telling you what to run uh so don't tell me what opinion to have

1084
01:16:14,310 --> 01:16:19,010
yeah the cool the cool part is you can run whatever the fuck you want to run

1085
01:16:19,010 --> 01:16:26,410
and go run a little bit of bitcoin if you want to as well um i don't feel comfortable recommending

1086
01:16:26,410 --> 01:16:34,350
that either uh right now but i like i like that uh yeah or btcd i like that vos voskules always

1087
01:16:34,350 --> 01:16:36,970
He's been, he clearly cares about Bitcoin.

1088
01:16:37,750 --> 01:16:37,970
Yeah.

1089
01:16:39,310 --> 01:16:42,810
And has been doing the hard work to build a whole new implementation from scratch.

1090
01:16:46,350 --> 01:16:47,410
I love Eric.

1091
01:16:47,470 --> 01:16:49,630
Eric, if you're listening, I doubt you are.

1092
01:16:50,330 --> 01:16:53,210
But I thoroughly enjoy our conversation.

1093
01:16:53,210 --> 01:16:56,390
He's the hardest man to talk to in Bitcoin because he never relents.

1094
01:16:56,790 --> 01:16:58,670
You'll never win an argument with Eric Voskiel.

1095
01:16:59,070 --> 01:17:01,870
I've had five-hour conversations with him where I've had to tap out.

1096
01:17:02,010 --> 01:17:03,170
Like, I'm done. I'm out of here.

1097
01:17:03,170 --> 01:17:05,130
It kind of filibusters you.

1098
01:17:05,530 --> 01:17:06,030
Yeah.

1099
01:17:06,830 --> 01:17:08,370
The filibuster strategy.

1100
01:17:08,490 --> 01:17:13,790
I see digital text and zap 27,182 sats, an oddly specific number.

1101
01:17:14,490 --> 01:17:16,430
Stay rational, stack irrationally.

1102
01:17:18,730 --> 01:17:20,370
Stay rational, stack irrationally.

1103
01:17:22,250 --> 01:17:23,810
That was the other thing.

1104
01:17:24,070 --> 01:17:25,570
I mean, this week has just been crazy.

1105
01:17:25,670 --> 01:17:26,770
I didn't even put it on the list.

1106
01:17:26,770 --> 01:17:34,030
um but did you pay attention to that npm uh supply chain vulnerability at all

1107
01:17:34,030 --> 01:17:37,970
that everyone was panicking over oh yeah the javascript injection

1108
01:17:37,970 --> 01:17:41,410
yeah one of the uh maintainer keys got hacked

1109
01:17:41,410 --> 01:17:45,170
yeah and then shipped it downstream and it seemed like it was

1110
01:17:45,170 --> 01:17:50,070
it turns out like it was mostly like web-based shit coin wallets

1111
01:17:50,070 --> 01:17:53,350
were exposed and then even with that they kind of fucked it up

1112
01:17:53,350 --> 01:17:59,010
fucked up the attack so i think only like 500 of shit coins was taken at the end of the day

1113
01:17:59,010 --> 01:18:04,690
um but it was all started by a single post by one of the ledger guys

1114
01:18:04,690 --> 01:18:11,550
and then like i love btc sessions and i think he means well but like he went on an emergency

1115
01:18:11,550 --> 01:18:17,030
live stream and was like asking chat gpt which wallets were affected and then every wallet that

1116
01:18:17,030 --> 01:18:21,630
he said was affected had to like come out and be like we weren't affected our most wallets that he

1117
01:18:21,630 --> 01:18:27,950
said it meanwhile if you if you if you had your bitcoin in cold storage and you're using a hardware

1118
01:18:27,950 --> 01:18:33,190
wallet like cold card and you can actually verify what's happening on the secure screen that's

1119
01:18:33,190 --> 01:18:40,090
offline as well um that alone mitigates any of these types of attacks yeah i did it yesterday

1120
01:18:40,090 --> 01:18:47,610
i had to send somebody an address to receive bitcoin spun up sparrow wallet pulled an address

1121
01:18:47,610 --> 01:18:50,730
from my ex-pub associated with my cold card,

1122
01:18:50,930 --> 01:18:54,330
he'll scan the QR code of the address in Sparrow

1123
01:18:54,330 --> 01:18:56,790
and verified that yes, this is associated.

1124
01:18:56,790 --> 01:18:57,670
You receive address.

1125
01:18:58,210 --> 01:18:58,350
Yeah.

1126
01:19:00,510 --> 01:19:01,550
Very simple stuff.

1127
01:19:01,690 --> 01:19:04,650
I did it because of this vulnerability.

1128
01:19:04,650 --> 01:19:10,010
I didn't think Sparrow was affected by it,

1129
01:19:10,030 --> 01:19:10,890
but don't trust Verify.

1130
01:19:11,110 --> 01:19:12,150
Sparrow wasn't affected.

1131
01:19:12,410 --> 01:19:13,830
Yeah, Sparrow wasn't affected by it,

1132
01:19:13,850 --> 01:19:17,190
but there's still best practice to always check.

1133
01:19:17,610 --> 01:19:22,690
receive addresses. Um, but yeah, I mean, there's like,

1134
01:19:22,730 --> 01:19:28,230
there's just a lot of, uh, intentionally or not, uh,

1135
01:19:29,070 --> 01:19:33,190
you know, fear gets clicks, panic gets clicks.

1136
01:19:35,070 --> 01:19:38,830
And, uh, I don't know. I'm not trying to play that game.

1137
01:19:40,190 --> 01:19:44,130
I'll let you know if I think something is freaking me out. Yeah.

1138
01:19:44,130 --> 01:19:48,810
42,000 sat zap

1139
01:19:48,810 --> 01:19:51,610
just seeing the end pub now

1140
01:19:51,610 --> 01:19:52,930
I don't know if you can see the

1141
01:19:52,930 --> 01:19:54,810
the readable handle

1142
01:19:54,810 --> 01:19:57,030
I don't know if you should go to this website

1143
01:19:57,030 --> 01:19:58,890
I don't think I personally am going to go to it

1144
01:19:58,890 --> 01:20:00,970
but Kremlin Graham

1145
01:20:00,970 --> 01:20:01,590
doesn't work

1146
01:20:01,590 --> 01:20:04,490
why would you read it out loud then

1147
01:20:04,490 --> 01:20:05,930
it is app

1148
01:20:05,930 --> 01:20:06,930
I mean it's part of the

1149
01:20:06,930 --> 01:20:08,130
part of the

1150
01:20:08,130 --> 01:20:12,270
part of the contract we've made with the

1151
01:20:12,270 --> 01:20:18,470
with the viewers is we'll read the message if you zap over certain oh it's silent.link

1152
01:20:18,470 --> 01:20:24,910
okay i don't think he's i don't think he's posting anything too compromising

1153
01:20:24,910 --> 01:20:32,470
i have a lot of respect for him and i do have a level of trust in him that i

1154
01:20:32,470 --> 01:20:38,090
don't share with many people he has earned it but thank you for the support sir as always

1155
01:20:38,090 --> 01:20:46,230
based on the headline and based on the hatred that he has about telegram my assumption is that

1156
01:20:46,230 --> 01:20:53,570
it's about how telegram is controlled by the kremlin yeah anyway freaks you know whether

1157
01:20:53,570 --> 01:20:58,590
the kremlin's in your threat model or whether the u.s is in your threat model uh or whether uh

1158
01:20:58,590 --> 01:21:03,050
durov is in your threat model you should probably delete telegram uh that shit is spyware

1159
01:21:03,050 --> 01:21:11,190
beware beware speaking of russia nato has evoked article 4 of the north atlantic treaty

1160
01:21:11,190 --> 01:21:16,950
at poland's request after dozens of russian one-way attack drones violated polish airspace

1161
01:21:16,950 --> 01:21:22,770
has it been verified that was russia come out and said anything about it this is very weird to me

1162
01:21:22,770 --> 01:21:28,570
i don't know i was like a lot of things are going on this week

1163
01:21:28,570 --> 01:21:33,010
but this seemed like a big deal

1164
01:21:33,010 --> 01:21:34,350
so I kind of put it in the

1165
01:21:34,350 --> 01:21:36,710
I kind of put it in the list

1166
01:21:36,710 --> 01:21:38,770
because I was hoping you were going to tell me about it

1167
01:21:38,770 --> 01:21:41,310
but

1168
01:21:41,310 --> 01:21:43,770
it seems

1169
01:21:43,770 --> 01:21:45,110
it seems bad

1170
01:21:45,110 --> 01:21:47,890
yeah and it just doesn't make

1171
01:21:47,890 --> 01:21:49,770
I'm going to talk to Tom Luongo

1172
01:21:49,770 --> 01:21:52,790
later this week

1173
01:21:52,790 --> 01:21:53,970
and we'll probably touch on this

1174
01:21:53,970 --> 01:21:56,470
but it doesn't make any sense to me

1175
01:21:56,470 --> 01:21:58,910
why Russia would do this,

1176
01:21:58,990 --> 01:21:59,710
particularly at this point

1177
01:21:59,710 --> 01:22:00,610
where it seems like

1178
01:22:00,610 --> 01:22:01,690
there could be a potential

1179
01:22:01,690 --> 01:22:05,350
resolution in this war.

1180
01:22:05,930 --> 01:22:07,550
And I think one of the things

1181
01:22:07,550 --> 01:22:11,030
that the West has been worried about

1182
01:22:11,030 --> 01:22:12,190
and part of the narrative

1183
01:22:12,190 --> 01:22:12,970
of the Warhawks

1184
01:22:12,970 --> 01:22:14,430
is we need to prevent Russia

1185
01:22:14,430 --> 01:22:16,670
from moving further West into Europe.

1186
01:22:17,070 --> 01:22:19,450
And if Russia actually did this,

1187
01:22:19,470 --> 01:22:20,430
this is validating

1188
01:22:20,430 --> 01:22:22,450
one of the main concerns

1189
01:22:22,450 --> 01:22:25,050
of the Western,

1190
01:22:25,050 --> 01:22:32,230
the g7 nations and european union and it just doesn't make sense that it would be

1191
01:22:32,230 --> 01:22:35,070
it doesn't make sense that they would do this especially if they didn't

1192
01:22:35,070 --> 01:22:43,950
attack like a and uh i don't know that's my tape that's my before just real quick uh because

1193
01:22:43,950 --> 01:22:48,930
that silent.link account is not the official silent.link account so

1194
01:22:48,930 --> 01:22:52,410
please do not click or go to that link yeah

1195
01:22:52,410 --> 01:22:59,990
um i just i mean i just checked and i don't follow that account and it only has 10 followers so

1196
01:22:59,990 --> 01:23:07,710
um either he created a new account or it's an impersonator best to assume it's an impersonator

1197
01:23:07,710 --> 01:23:16,430
i uh i mean what the claim is that 12 russian drones entered polish airspace

1198
01:23:16,430 --> 01:23:23,310
yeah in some par some person in the youtube chat saying they were russian but russia claims it

1199
01:23:23,310 --> 01:23:28,170
wasn't an intentional attack on poland yeah i mean they could have went off they could have just

1200
01:23:28,170 --> 01:23:36,390
lost control of them or something alternatively uh they have done and we i think we do this too

1201
01:23:36,390 --> 01:23:42,230
like the u.s air force does this too but like you do like test incursions where you don't like

1202
01:23:42,230 --> 01:23:49,590
attack or anything to see what the response time is um so it doesn't necessarily have to be

1203
01:23:49,590 --> 01:23:55,110
i mean obviously it's still a provocation but uh

1204
01:23:56,250 --> 01:24:04,630
it does it's it's not the rarest thing in the world for them to check airspace responses yeah

1205
01:24:04,630 --> 01:24:09,890
i think we've seen china do with taiwan like i said we've done in the past

1206
01:24:09,890 --> 01:24:13,410
but yeah these were the fact that they were like

1207
01:24:13,410 --> 01:24:21,270
like attack drones i believe they're suicide drones i believe they were described as like

1208
01:24:21,270 --> 01:24:28,890
yeah i think their shot head drones are basically like drone missiles yeah they just like fly them

1209
01:24:28,890 --> 01:24:37,530
into things yeah anyway i just to me it was mostly a be aware because i feel like very few people are

1210
01:24:37,530 --> 01:24:46,750
talking about it um and i i'm not really aware of it either so i put it in there like i said

1211
01:24:46,750 --> 01:24:51,390
hoping that you were gonna provide me a little bit more context for the freaks we're going to but

1212
01:24:51,390 --> 01:24:59,750
yes guys i mean let's reiterate it seems like it would be a very big strategic misstep if

1213
01:24:59,750 --> 01:25:06,470
russia does want to end the war in ukraine maybe they do have ambitions to go further

1214
01:25:06,470 --> 01:25:13,530
west into europe and they think they can do it but i think the evidence of the last three years

1215
01:25:13,530 --> 01:25:21,650
would prove that their um their army their military is pretty depleted i had a lot of

1216
01:25:21,650 --> 01:25:29,450
losses when it makes sense strategically to me but i'm also not a uh game theoretic uh war

1217
01:25:29,450 --> 01:25:42,940
expert either Take whatever I say on the subject with a massive grain of salt You don have it on the list but another thing that sort of getting brushed under the rug and had a lot

1218
01:25:42,940 --> 01:25:48,020
of very positive momentum before the tragic events of yesterday was the,

1219
01:25:48,020 --> 01:25:51,260
the Maha hearings on Capitol Hill.

1220
01:25:55,260 --> 01:25:59,840
Something I've been very passionate about on TFTC is staying on top of the

1221
01:25:59,860 --> 01:26:09,180
what I think were crimes against humanity during the COVID era and making sure that we try to get to a point in the United States,

1222
01:26:09,640 --> 01:26:17,920
hopefully globally, where the people who inflicted those crimes on the world are held accountable.

1223
01:26:17,920 --> 01:26:25,740
And I think there was a lot of positive momentum in that direction this week on Capitol Hill as it pertains to that.

1224
01:26:25,740 --> 01:26:32,080
uh i'm gonna have to ask you to repeat that but for the freaks just to

1225
01:26:32,080 --> 01:26:38,480
just look it's important what i was doing uh i just messaged silent link out of band

1226
01:26:38,480 --> 01:26:46,400
um and that was him uh he just he didn't want to paste his nsec into another app so he created

1227
01:26:46,400 --> 01:26:51,340
another account okay sorry i wasn't listening to anything about the maha stuff i was just making

1228
01:26:51,340 --> 01:26:57,860
sure that we didn't like send our fucking listeners to a phishing scam right we didn't

1229
01:26:57,860 --> 01:27:04,680
get out of bounds confirmation maha stuff very short similar to um you're just going after rfk

1230
01:27:04,680 --> 01:27:11,760
right no it will they are going to say but the hearings were very productive in a positive way

1231
01:27:11,760 --> 01:27:20,140
where i think was was rfk holding the hearings no senator johnson was but he was like he was on

1232
01:27:20,140 --> 01:27:27,180
the inquisitor side it was is it rfk one in the meetings it was dr malone um another doctor

1233
01:27:27,180 --> 01:27:34,980
uh ted rogers i believe his name was and then um a lawyer um siri was his last name i forget his

1234
01:27:34,980 --> 01:27:41,840
first name and they were with uh it was the three of them i believe a couple others and then there

1235
01:27:41,840 --> 01:27:49,460
was a representative from stanford who was putting forth the case that the covet vaccines are safe

1236
01:27:49,460 --> 01:27:56,860
And there's nothing to question about the safety of not only the COVID vaccines, but the childhood schedule.

1237
01:27:57,060 --> 01:28:01,320
And I think there were very, that dude got owned.

1238
01:28:01,800 --> 01:28:13,900
And I think the sort of Overton window, the conversation around mandated, coerced vaccines shifted pretty dramatically.

1239
01:28:13,900 --> 01:28:18,700
and there was a lot of positive momentum up until yesterday afternoon

1240
01:28:18,700 --> 01:28:21,500
when attention shifted for very obvious reasons.

1241
01:28:21,720 --> 01:28:24,580
But it's something I've been passionate about.

1242
01:28:24,660 --> 01:28:25,720
Don't want to get swept under the rug.

1243
01:28:26,020 --> 01:28:27,320
So it was great to see.

1244
01:28:27,320 --> 01:28:29,040
No, I think it's incredibly important.

1245
01:28:29,040 --> 01:28:35,460
I mean, look, I don't agree with him on everything,

1246
01:28:35,580 --> 01:28:37,780
but I wholeheartedly support RFK.

1247
01:28:38,580 --> 01:28:42,380
And I think the crux of the issue specifically on childhood vaccines

1248
01:28:42,380 --> 01:28:47,000
is that they are more or less forced on the population.

1249
01:28:47,220 --> 01:28:51,060
You have zero agency except to opt out of the entire thing.

1250
01:28:51,920 --> 01:28:54,160
And if you can't afford to opt out of the entire thing,

1251
01:28:54,620 --> 01:28:58,160
if you have to put your kids in daycare or public school or something like that,

1252
01:28:58,460 --> 01:29:02,640
then you are effectively forced and mandated to take them all,

1253
01:29:02,640 --> 01:29:05,220
to have your kids take all of them from a very young age.

1254
01:29:06,140 --> 01:29:08,040
And that's just fucked up.

1255
01:29:09,080 --> 01:29:10,700
People should have the choice.

1256
01:29:10,700 --> 01:29:15,120
you know regardless of how you feel about the efficacy of them people should have the choice

1257
01:29:15,120 --> 01:29:18,460
um when it comes to their children and the health of their children

1258
01:29:18,460 --> 01:29:27,400
uh it as a parent you know i'm fortunate i'm fortunate enough that my family's in a place

1259
01:29:27,400 --> 01:29:33,580
where we can just tell them fuck you um but a lot of families are not and that daycare piece

1260
01:29:33,580 --> 01:29:39,540
specifically uh both parents are working you got to put them in daycare at a young age a lot of

1261
01:29:39,540 --> 01:29:46,340
daycares mandate it check yeah it's disgusting um as many of you know we had our third child

1262
01:29:46,340 --> 01:29:54,080
uh a few a couple weeks ago and we had a conversation like hey no not getting happy

1263
01:29:54,080 --> 01:29:59,500
30 seconds out of the womb and which is ridiculous like it's for an std

1264
01:29:59,500 --> 01:30:06,120
it's like me and my wife don't have happy like my kid's not going to like be using dirty needles

1265
01:30:06,120 --> 01:30:07,440
or having dirty sex,

1266
01:30:08,320 --> 01:30:10,980
I guess most ridiculous fucking thing ever.

1267
01:30:11,160 --> 01:30:13,080
Specifically, like the Hep B one is like,

1268
01:30:13,080 --> 01:30:19,920
I think that one should be a clear red flag

1269
01:30:19,920 --> 01:30:22,080
to anyone that is using actual logic.

1270
01:30:22,840 --> 01:30:24,040
Yeah, well, that's the thing.

1271
01:30:24,160 --> 01:30:28,520
I've recorded with Dr. Jessica Rose last week.

1272
01:30:28,720 --> 01:30:31,260
Her and Kevin McKernan, Dr. Kevin McKernan,

1273
01:30:31,360 --> 01:30:33,420
and another co-author released a paper

1274
01:30:33,420 --> 01:30:36,780
that basically proved it was peer reviewed.

1275
01:30:36,980 --> 01:30:38,260
I think it's being replicated right now

1276
01:30:38,260 --> 01:30:41,940
that there are DNA fragments and SV40 fragments

1277
01:30:41,940 --> 01:30:43,840
in the Pfizer vaccine specifically,

1278
01:30:43,840 --> 01:30:45,440
which are not supposed to be there

1279
01:30:45,440 --> 01:30:50,160
and are not good for people's health.

1280
01:30:50,780 --> 01:30:53,200
And that was brought up in the hearings.

1281
01:30:54,020 --> 01:30:55,860
But Jessica and I, during our conversation,

1282
01:30:55,940 --> 01:30:56,800
we talked about too,

1283
01:30:56,940 --> 01:30:59,060
like just getting to first principles logic,

1284
01:30:59,700 --> 01:31:02,180
the whole conversation around vaccines,

1285
01:31:02,180 --> 01:31:05,000
people who are skeptical or villainized as anti-vaxxers,

1286
01:31:05,140 --> 01:31:06,920
but let's get to first principles.

1287
01:31:07,600 --> 01:31:10,560
If you believe that these things are safe and effective,

1288
01:31:10,740 --> 01:31:13,160
effective most importantly, you take them.

1289
01:31:13,760 --> 01:31:15,600
Why do you care if others do not?

1290
01:31:16,260 --> 01:31:20,640
And then number two, going back to the fact that

1291
01:31:20,640 --> 01:31:22,680
if a vaccine gets on the childhood schedule,

1292
01:31:23,100 --> 01:31:26,640
the producers of those products cannot be held liable

1293
01:31:26,640 --> 01:31:28,720
for any damage that is potentially created.

1294
01:31:28,860 --> 01:31:31,080
That doesn't make any logical sense to me.

1295
01:31:31,080 --> 01:31:35,260
Like, why do they get legal immunity if something gets on the childhood schedule?

1296
01:31:35,260 --> 01:31:44,360
And if there's just a loophole to get legal immunity that puts children at harm, it's extremely demonic and evil.

1297
01:31:44,640 --> 01:31:49,860
And it should be re-approached and reconsidered of what we're actually doing here.

1298
01:31:50,940 --> 01:31:54,100
And there's just so much, the following incentives, there's so much fucking money to be made.

1299
01:31:54,660 --> 01:31:54,880
Yeah.

1300
01:31:55,460 --> 01:31:57,480
It's a forced subscription plan.

1301
01:31:58,260 --> 01:31:58,420
Yeah.

1302
01:31:58,420 --> 01:32:01,940
heavily subsidized.

1303
01:32:04,380 --> 01:32:05,700
That's the one thing I want to bring up.

1304
01:32:05,960 --> 01:32:07,700
I'm happy there was positive momentum in that direction.

1305
01:32:08,760 --> 01:32:09,380
That's good.

1306
01:32:09,560 --> 01:32:10,520
It's good to hear.

1307
01:32:11,680 --> 01:32:12,500
I do feel,

1308
01:32:12,600 --> 01:32:13,060
I mean,

1309
01:32:13,200 --> 01:32:15,780
a lot of trust was lost with the COVID shit.

1310
01:32:15,980 --> 01:32:16,160
So,

1311
01:32:17,160 --> 01:32:17,620
um,

1312
01:32:18,320 --> 01:32:21,080
the Overton windows shifted fast on that.

1313
01:32:22,620 --> 01:32:23,140
That's a,

1314
01:32:23,180 --> 01:32:25,340
that's the thing Jessica said during our conversation was like,

1315
01:32:25,360 --> 01:32:28,000
it's insane that they're vilifying people that are skeptical.

1316
01:32:28,000 --> 01:32:32,420
when it's like if you did the right thing

1317
01:32:32,420 --> 01:32:34,220
and garnered people's trust correctly,

1318
01:32:34,400 --> 01:32:35,480
you wouldn't have this problem.

1319
01:32:35,780 --> 01:32:38,220
The onus is on you to build that trust.

1320
01:32:38,360 --> 01:32:40,920
You can't fault people for being skeptical.

1321
01:32:44,580 --> 01:32:46,520
That's all I have to say about that.

1322
01:32:49,640 --> 01:32:53,180
One more boost before we get out of here.

1323
01:32:53,180 --> 01:32:59,080
Drew, cattle bike, 21,479 sats.

1324
01:32:59,200 --> 01:33:02,500
Next Northwest Arkansas Bitcoin meetup on Thursday next week,

1325
01:33:02,620 --> 01:33:06,940
peer-to-peer social at Bentonville Brewing Co. at 6.30 p.m.

1326
01:33:07,580 --> 01:33:09,120
I didn't see that one come up.

1327
01:33:09,300 --> 01:33:10,680
Is that in the live chat?

1328
01:33:11,340 --> 01:33:12,620
I'm seeing it on Primal right now.

1329
01:33:13,860 --> 01:33:15,460
Ah, well, some work to be done.

1330
01:33:18,940 --> 01:33:20,760
I see it now.

1331
01:33:20,760 --> 01:33:27,720
We did 256,136 zapped during this live stream.

1332
01:33:28,840 --> 01:33:29,800
Thank you, Freaks.

1333
01:33:30,740 --> 01:33:32,420
We really appreciate the support.

1334
01:33:34,520 --> 01:33:36,880
Especially weeks – I mean, this week is a tough week.

1335
01:33:38,720 --> 01:33:41,420
I don't know.

1336
01:33:41,480 --> 01:33:44,580
You guys are just showing that you find the show helpful

1337
01:33:44,580 --> 01:33:49,340
and enjoy the show is what really keeps me coming week in and week out.

1338
01:33:50,760 --> 01:33:52,000
Because it's a grind.

1339
01:33:52,440 --> 01:33:54,240
It's a grind and I appreciate you all.

1340
01:33:55,540 --> 01:33:56,200
As do I.

1341
01:33:56,760 --> 01:33:59,660
Drew Cattlebike is correcting me.

1342
01:33:59,740 --> 01:34:00,540
It's not Drew Cattlebike.

1343
01:34:00,660 --> 01:34:02,040
It's Drew Bull Cycle.

1344
01:34:02,240 --> 01:34:03,260
I should have picked up on that.

1345
01:34:03,380 --> 01:34:04,140
I'm sorry about that.

1346
01:34:04,800 --> 01:34:05,280
Cattlebike.

1347
01:34:07,440 --> 01:34:09,420
Drew Cattlebike on his Friigate.

1348
01:34:10,700 --> 01:34:11,760
On his Friigate.

1349
01:34:13,820 --> 01:34:16,020
And by the way, on that note, freaks,

1350
01:34:16,380 --> 01:34:19,240
if you share the show with the friends and family,

1351
01:34:19,500 --> 01:34:20,460
whether it's Robert, I'll recap,

1352
01:34:20,460 --> 01:34:24,040
whether it's Marty's, TFTC, whether it's still Dispatch.

1353
01:34:26,800 --> 01:34:28,120
Ask them to subscribe.

1354
01:34:28,340 --> 01:34:33,960
If you leave a review, retweet on Noster or X.

1355
01:34:34,120 --> 01:34:35,460
All these things really help.

1356
01:34:38,580 --> 01:34:39,600
Spreads the signal.

1357
01:34:40,180 --> 01:34:40,980
Spreads the signal.

1358
01:34:41,120 --> 01:34:41,660
So thank you.

1359
01:34:42,480 --> 01:34:42,820
It does.

1360
01:34:43,180 --> 01:34:48,320
And even if you listen live, to Matt's point,

1361
01:34:48,320 --> 01:34:56,540
particularly apple and spotify go leave a rating five-star rating review zap us on

1362
01:34:56,540 --> 01:35:02,780
boost us it's really helpful it is the other thing is we used to tell the freaks about this

1363
01:35:02,780 --> 01:35:07,880
in the beginning when we were bootstrapping but we know we don't anymore uh if you just enable

1364
01:35:07,880 --> 01:35:14,680
auto downloads that's very helpful for us um because just all the algos are like oh like

1365
01:35:14,680 --> 01:35:17,740
it just automatically counts it as a listen

1366
01:35:17,740 --> 01:35:19,360
if you enable auto-downloads.

1367
01:35:19,760 --> 01:35:20,680
So even if you skip a week,

1368
01:35:20,740 --> 01:35:21,800
the algo thinks you didn't.

1369
01:35:23,880 --> 01:35:25,240
Just something to keep in mind.

1370
01:35:25,300 --> 01:35:26,980
It's a very cheap way to support the show.

1371
01:35:28,720 --> 01:35:29,960
You remember we used to do that?

1372
01:35:30,020 --> 01:35:32,020
We would remind people like every week in the beginning.

1373
01:35:32,700 --> 01:35:32,860
Yeah.

1374
01:35:33,860 --> 01:35:36,100
Open up your mom's phone.

1375
01:35:36,600 --> 01:35:37,740
Search your Apple recap.

1376
01:35:38,420 --> 01:35:39,080
Press subscribe.

1377
01:35:39,420 --> 01:35:40,660
Click auto-download.

1378
01:35:41,820 --> 01:35:44,660
Look, Ski took that advice to hard.

1379
01:35:44,680 --> 01:35:48,780
I secretly subscribe on all my friends' and family's phones when they're not working.

1380
01:35:48,960 --> 01:35:49,280
Thank you.

1381
01:35:49,380 --> 01:35:49,980
We need more of that.

1382
01:35:52,440 --> 01:35:53,980
There must be such a surprise to them.

1383
01:35:54,460 --> 01:35:57,520
John Arnold saying this is the most boring cattle bike ever.

1384
01:35:57,940 --> 01:36:00,820
Hey, validation grind up.

1385
01:36:01,820 --> 01:36:04,720
Dude, I mean, do you think it's going to continue to be boring?

1386
01:36:08,620 --> 01:36:12,780
It feels like, no price predictions, but I don't know.

1387
01:36:12,780 --> 01:36:20,060
I was, I think the, uh, not that I'm a TA analyst or anything, I'm just purely working

1388
01:36:20,060 --> 01:36:23,960
off of pattern recognition vibes that I've developed over 12 years of following Bitcoin

1389
01:36:23,960 --> 01:36:24,460
closely.

1390
01:36:24,460 --> 01:36:30,060
Like I think last week's dump down to 108 and then getting back to 114 is like very strong.

1391
01:36:30,140 --> 01:36:35,900
It looks like if you look at the yearly chart, we've been sort of in this range for since

1392
01:36:35,900 --> 01:36:38,000
the beginning of June and the Bay beginning of June.

1393
01:36:38,000 --> 01:36:45,300
I like that three months of sitting in a range typically leads to an acceleration of things in the fall.

1394
01:36:46,460 --> 01:36:50,020
Well, I mean, my high conviction call is that volatility is coming.

1395
01:36:51,200 --> 01:36:53,580
Like I'm very confident.

1396
01:36:53,880 --> 01:37:00,280
I'm very confident that we either pump hard or dump hard after all of this consolidation.

1397
01:37:02,280 --> 01:37:18,990
Now my conviction on which direction we go is less so but I lean I lean I lean the upside I lean to um I think this bull market is still probably pretty far from over Um

1398
01:37:18,990 --> 01:37:22,990
and I think a lot of people are getting shaken out by boredom and FUD and panic.

1399
01:37:22,990 --> 01:37:26,990
And they're basically just waiting for that one person who's listening to the

1400
01:37:26,990 --> 01:37:31,430
show right now, who's cycling out of Bitcoin and aping it to gold, uh,

1401
01:37:31,430 --> 01:37:34,530
before we start ripping up higher.

1402
01:37:36,610 --> 01:37:37,050
Yeah.

1403
01:37:37,990 --> 01:37:40,590
I mean, we've said this many times throughout the years.

1404
01:37:40,790 --> 01:37:42,050
I don't think we've said it in time.

1405
01:37:42,130 --> 01:37:45,230
That's like Bitcoin will bore you to death and shake you up.

1406
01:37:45,230 --> 01:37:46,150
That's the hardest part.

1407
01:37:46,890 --> 01:37:47,130
Yeah.

1408
01:37:48,010 --> 01:37:50,190
That's part of where Stay Humble comes from.

1409
01:37:50,190 --> 01:37:54,190
It's just like stop trying to trade things.

1410
01:37:54,310 --> 01:37:56,490
Stop trying to plan short-term stuff

1411
01:37:56,490 --> 01:38:00,330
because it is stacking long-term,

1412
01:38:00,450 --> 01:38:01,270
holding long-term.

1413
01:38:01,430 --> 01:38:08,350
most of the time bitcoin is boring what's the stat boring or sad yeah like we're just dumping

1414
01:38:08,350 --> 01:38:12,770
and getting poorer all the time i think the sad is if you're on the sidelines for the

1415
01:38:12,770 --> 01:38:18,990
10 best trading days of the year you miss 90 of the upside that's like yeah just damn and stack

1416
01:38:18,990 --> 01:38:23,870
sets yeah and it's even worse than that because if you miss one of those days then you tend to ape in

1417
01:38:23,870 --> 01:38:28,650
at the local top and then you probably sell when it dumps down a little bit and corrects

1418
01:38:28,650 --> 01:38:48,130
And so if you're not in it already, you probably actually end up with even worse return. And there's no way to really model that human emotional aspect there. I don't know. It just feels like, I mean, to me, like Bitcoin was made for the macro situation we're in right now.

1419
01:38:48,130 --> 01:38:53,010
Bitcoin is, I think Bitcoin does really well in good times.

1420
01:38:53,110 --> 01:38:56,390
And I think it's a life raft in bad times.

1421
01:38:56,610 --> 01:38:58,690
Like it's good in both.

1422
01:38:58,790 --> 01:39:00,550
That's the cool part, right?

1423
01:39:02,830 --> 01:39:08,870
And to me, like Bitcoin and the greater freedom tech movement,

1424
01:39:09,070 --> 01:39:11,390
you know, open source software, open source tools,

1425
01:39:13,310 --> 01:39:16,450
Noster and everything else is just,

1426
01:39:16,450 --> 01:39:17,750
that's what gives me hope.

1427
01:39:18,130 --> 01:39:31,510
That's the bright in the darkness, and it's what will hopefully enable our families to weather any kind of storm that comes next, if it comes next.

1428
01:39:32,410 --> 01:39:32,510
Yeah.

1429
01:39:34,370 --> 01:39:37,370
The cattle bike jokes around.

1430
01:39:37,470 --> 01:39:37,890
The cattle bike.

1431
01:39:37,970 --> 01:39:41,310
This is going to be the best cattle bike ever.

1432
01:39:43,050 --> 01:39:43,490
Yeah.

1433
01:39:43,490 --> 01:39:48,070
get your fry gates get your fry gates ready because we're going to be sailing an open water

1434
01:39:48,070 --> 01:39:57,190
open water bitcoin this cattle gate cattle cattle gate cattle bike cattle bike um yeah it's gonna

1435
01:39:57,190 --> 01:40:03,290
be boring most of the time but uh not to your point like it it seems pretty clear i wouldn't

1436
01:40:03,290 --> 01:40:10,110
be i wouldn't be shocked next week's the big fomc meeting if we got a 50 bip uh cut and

1437
01:40:10,110 --> 01:40:13,510
Mel was saying that he thinks there's going to be

1438
01:40:13,510 --> 01:40:15,590
anywhere from

1439
01:40:15,590 --> 01:40:17,770
that Mel episode was great

1440
01:40:17,770 --> 01:40:19,610
between

1441
01:40:19,610 --> 01:40:21,390
Mel and Peter too

1442
01:40:21,390 --> 01:40:22,830
I did want to bring that up

1443
01:40:22,830 --> 01:40:25,910
in the context of the geopolitical

1444
01:40:25,910 --> 01:40:27,790
positioning between the US and China specifically

1445
01:40:27,790 --> 01:40:29,930
I think both of them said that all China

1446
01:40:29,930 --> 01:40:31,650
wants is just recognition

1447
01:40:31,650 --> 01:40:32,410
that it's an equal

1448
01:40:32,410 --> 01:40:35,630
and we shouldn't be trying to

1449
01:40:35,630 --> 01:40:37,750
maintain hegemonic

1450
01:40:37,750 --> 01:40:39,090
empire around the world

1451
01:40:39,090 --> 01:40:46,490
Like if China wants to be viewed as an equal and they think they should steward Southeast Asia, me personally, I'm like, okay with that.

1452
01:40:47,590 --> 01:40:52,330
Obviously, based off the first half of this conversation, we've got a lot of problems here in the United States that need fixing.

1453
01:40:52,570 --> 01:40:56,350
I would not be mad if we said, hey, China, you're an equal.

1454
01:40:56,590 --> 01:40:59,110
If you want to steward Asia, go for it.

1455
01:40:59,210 --> 01:41:02,090
We're going to fix our problems at home and focus on the Western hemisphere.

1456
01:41:03,290 --> 01:41:04,490
I mean, I think –

1457
01:41:04,490 --> 01:41:12,530
makes me a communist supporter or an anti-american cock so be it i mean like this was in mandibles as

1458
01:41:12,530 --> 01:41:25,170
well but um i uh like i'm torn on it i think uh you know i i i think american hegemony is you know

1459
01:41:25,170 --> 01:41:34,010
probably not negative for the world or i i lean heavily in that belief um i think it's probably

1460
01:41:34,010 --> 01:41:41,910
a net positive for for america um it gives us privileged access and it's exactly what allows

1461
01:41:41,910 --> 01:41:48,450
trump to like throw people around and i do not think that china just wants to be an equal like

1462
01:41:48,450 --> 01:41:59,630
i think china wants to be the next global top dog um and i i think probably if we go isolationist

1463
01:41:59,630 --> 01:42:01,890
and we step back, that'll probably happen,

1464
01:42:01,990 --> 01:42:04,150
but also we kind of have to and we probably should.

1465
01:42:04,590 --> 01:42:06,530
So it is what it is.

1466
01:42:06,630 --> 01:42:08,990
And let's just empower individuals in smaller communities

1467
01:42:08,990 --> 01:42:14,190
and reduce power in that way, like reduce centralized power,

1468
01:42:14,270 --> 01:42:16,950
because it has the same effect as the Chinese government

1469
01:42:16,950 --> 01:42:19,090
and the US government and every other government.

1470
01:42:20,310 --> 01:42:26,590
It inherently distributes power out and reduces corruption as a result

1471
01:42:26,590 --> 01:42:30,270
and hopefully and should increase human flourishing.

1472
01:42:31,150 --> 01:42:32,730
I'm looking at Polymarket now.

1473
01:42:34,210 --> 01:42:38,370
Polymarket thinks it's going to be a 25 bps decrease.

1474
01:42:38,730 --> 01:42:40,370
They're at 87%.

1475
01:42:40,370 --> 01:42:43,990
So 10% chance they think it's 50 bps.

1476
01:42:45,710 --> 01:42:47,590
So that would indicate...

1477
01:42:47,590 --> 01:42:49,710
That likelihood has increased though, right?

1478
01:42:49,770 --> 01:42:50,630
In the last 24 hours?

1479
01:42:50,630 --> 01:43:02,910
um no uh 50 bips seems to have gone down down interesting slightly ever so slightly it peaked

1480
01:43:02,910 --> 01:43:13,250
at 20.7 percent and now it's at uh 10.4 percent but that would also indicate i mean like and

1481
01:43:13,250 --> 01:43:18,750
polymark is just people betting on outcomes um but it would indicate that if there was a 50 bips

1482
01:43:18,750 --> 01:43:25,410
decrease a bigger decrease than expected um markets should jump even more because people

1483
01:43:25,410 --> 01:43:35,490
aren't expecting it yeah i can't wait till we have polymarket that actually uses bitcoin

1484
01:43:35,490 --> 01:43:43,670
or at least supports bitcoin i don't really care what it runs on but you should be able to send

1485
01:43:43,670 --> 01:43:44,170
Bitcoin.

1486
01:43:45,750 --> 01:43:46,710
Receive Bitcoin.

1487
01:43:48,670 --> 01:43:49,370
I think

1488
01:43:49,370 --> 01:43:51,550
they might support wrapped Bitcoin.

1489
01:43:51,970 --> 01:43:53,450
I've never used... Have you ever used

1490
01:43:53,450 --> 01:43:54,190
wrapped Bitcoin?

1491
01:43:55,370 --> 01:43:57,250
Never used wrapped Bitcoin, never used

1492
01:43:57,250 --> 01:43:59,530
Polymarket. Yeah, I've never used

1493
01:43:59,530 --> 01:44:01,290
Polymarket. I view the

1494
01:44:01,290 --> 01:44:03,490
markets, but I've never actually...

1495
01:44:03,490 --> 01:44:04,550
It's probably for the better.

1496
01:44:06,910 --> 01:44:07,450
I've been

1497
01:44:07,450 --> 01:44:08,950
on a streak betting you, so

1498
01:44:08,950 --> 01:44:10,470
I should just keep doing that.

1499
01:44:11,150 --> 01:44:13,310
Yeah, I'm going to think of... We've got to think of a bet soon.

1500
01:44:13,310 --> 01:44:15,390
I'm sort of getting the itch.

1501
01:44:16,330 --> 01:44:19,430
Don't worry, it'll come in waterfalls.

1502
01:44:20,330 --> 01:44:22,490
And then there'll be a bunch of bets,

1503
01:44:22,530 --> 01:44:24,070
and then we can vibe code a bet tracker.

1504
01:44:24,450 --> 01:44:26,770
Because I don't think, do we have anything outstanding right now?

1505
01:44:28,070 --> 01:44:29,730
Yeah, bit bonds.

1506
01:44:31,070 --> 01:44:33,050
Oh, you want to just send me the money now?

1507
01:44:35,630 --> 01:44:36,750
I'm holding out hope.

1508
01:44:36,750 --> 01:44:37,810
I'm holding out hope.

1509
01:44:39,110 --> 01:44:39,750
What is it?

1510
01:44:39,830 --> 01:44:43,290
Marty bets the USGov will issue bit bonds by the end of 2021.

1511
01:44:43,310 --> 01:44:50,770
oh and you bet me and beefsteak josh on that one ah fuck each 200 000 sats damn that's a big bet

1512
01:44:50,770 --> 01:44:58,870
no no it's oh yeah it's each yeah it's each two no it's you give it two to one yeah so we pay you

1513
01:44:58,870 --> 01:45:04,910
we would each pay you 400 000 sats yeah if you win but you have to pay us each 200 000 sats if

1514
01:45:04,910 --> 01:45:07,650
you lose which you're gonna you're definitely gonna lose that one

1515
01:45:07,650 --> 01:45:20,090
we'll see we'll see secretary percent think about it okay oh dude we didn't have that there that was

1516
01:45:20,090 --> 01:45:30,270
crazy uh inter-cabinet cabinet squabbles or whatever can you like the quote was i feel like

1517
01:45:30,270 --> 01:45:35,930
i don't want to butcher it i saw you posted it right yeah so what's the exact quote that he said

1518
01:45:35,930 --> 01:45:39,250
He was like, let's step outside.

1519
01:45:39,370 --> 01:45:41,790
And Bill Bolte was like, what, to discuss or disagree with me?

1520
01:45:41,830 --> 01:45:43,270
He was like, no, I'm going to kick your ass.

1521
01:45:44,870 --> 01:45:47,070
Did he say kick your fucking ass?

1522
01:45:47,190 --> 01:45:47,710
Did he curse?

1523
01:45:48,010 --> 01:45:49,310
I think he did.

1524
01:45:52,290 --> 01:45:53,430
That's kind of unreal.

1525
01:45:54,350 --> 01:45:56,410
And bringing back dueling culture to...

1526
01:45:56,410 --> 01:45:57,250
What a timeline.

1527
01:45:59,370 --> 01:46:00,450
Here it is.

1528
01:46:00,590 --> 01:46:01,070
I have it.

1529
01:46:01,930 --> 01:46:04,170
It's either me or him, Basen said to Malek.

1530
01:46:04,170 --> 01:46:06,210
you tell me who's getting the fuck out of here

1531
01:46:06,210 --> 01:46:08,190
or he added we could go outside

1532
01:46:08,190 --> 01:46:10,210
and then Bill said to do what

1533
01:46:10,210 --> 01:46:12,090
to talk and he goes no

1534
01:46:12,090 --> 01:46:14,010
I'm going to fucking beat your ass

1535
01:46:14,010 --> 01:46:19,930
they're both on the

1536
01:46:19,930 --> 01:46:21,630
they're both on the cabinet together

1537
01:46:21,630 --> 01:46:23,410
or in the cabinet together

1538
01:46:23,410 --> 01:46:25,690
the alpha gay treasury secretary just

1539
01:46:25,690 --> 01:46:26,130
beaten

1540
01:46:26,130 --> 01:46:28,950
Bill Paltese's ass

1541
01:46:28,950 --> 01:46:33,210
pretty hilarious

1542
01:46:33,210 --> 01:46:35,970
yeah

1543
01:46:35,970 --> 01:46:38,910
that would be

1544
01:46:38,910 --> 01:46:39,590
that would be hilarious

1545
01:46:39,590 --> 01:46:39,910
and that

1546
01:46:39,910 --> 01:46:40,370
it was funny

1547
01:46:40,370 --> 01:46:41,230
like Malik

1548
01:46:41,230 --> 01:46:43,530
Omid

1549
01:46:43,530 --> 01:46:46,630
from 1786

1550
01:46:46,630 --> 01:46:47,050
Capital

1551
01:46:47,050 --> 01:46:48,150
I think they were at that

1552
01:46:48,150 --> 01:46:48,990
that new club

1553
01:46:48,990 --> 01:46:49,870
that they spun up

1554
01:46:49,870 --> 01:46:50,810
it's like 500 grand

1555
01:46:50,810 --> 01:46:51,170
to get in

1556
01:46:51,170 --> 01:46:52,310
yeah he's one of the owners

1557
01:46:52,310 --> 01:46:52,850
of the club

1558
01:46:52,850 --> 01:46:53,630
yeah

1559
01:46:53,630 --> 01:46:55,670
that's what makes it even funnier

1560
01:46:55,670 --> 01:46:56,450
it's like literally

1561
01:46:56,450 --> 01:46:57,430
the owner of the club

1562
01:46:57,430 --> 01:46:58,390
is trying to split it up

1563
01:46:58,390 --> 01:46:58,910
and that's

1564
01:46:58,910 --> 01:46:59,930
who he was telling

1565
01:46:59,930 --> 01:47:00,370
he was gonna

1566
01:47:00,370 --> 01:47:05,650
it's getting fraud

1567
01:47:05,650 --> 01:47:08,570
many people think

1568
01:47:08,570 --> 01:47:11,530
and there was rumors that Elon and Bessent got into it

1569
01:47:11,530 --> 01:47:12,010
obviously

1570
01:47:12,010 --> 01:47:14,050
black eye

1571
01:47:14,050 --> 01:47:17,530
many people think that Bessent may have

1572
01:47:17,530 --> 01:47:18,870
gotten physical with Elon

1573
01:47:18,870 --> 01:47:21,830
Bill Poulsey

1574
01:47:21,830 --> 01:47:22,590
it would be hilarious

1575
01:47:22,590 --> 01:47:24,670
if

1576
01:47:24,670 --> 01:47:27,690
Scott Bessent does have this

1577
01:47:27,690 --> 01:47:30,010
anger side because when he's in public

1578
01:47:30,010 --> 01:47:30,990
facing interviews.

1579
01:47:31,130 --> 01:47:32,970
He's very stoic and put together

1580
01:47:32,970 --> 01:47:33,870
and seems like a very,

1581
01:47:33,870 --> 01:47:36,970
very polite Southern gentleman,

1582
01:47:37,250 --> 01:47:37,810
but he's got a,

1583
01:47:37,810 --> 01:47:38,310
he's got a,

1584
01:47:38,310 --> 01:47:39,150
he's got a,

1585
01:47:39,150 --> 01:47:42,330
he's got a fighting side to him.

1586
01:47:43,790 --> 01:47:44,190
Pretty,

1587
01:47:44,190 --> 01:47:45,950
pretty funny if that's true.

1588
01:47:46,030 --> 01:47:46,850
He's just beating the shit

1589
01:47:46,850 --> 01:47:47,890
out of other cabinet members

1590
01:47:47,890 --> 01:47:48,830
behind the scenes.

1591
01:47:50,110 --> 01:47:51,490
It seems like it's true.

1592
01:47:54,450 --> 01:47:55,250
What a world,

1593
01:47:55,350 --> 01:47:55,970
what a timeline.

1594
01:48:00,010 --> 01:48:00,770
All right.

1595
01:48:02,170 --> 01:48:04,370
I can hear my boys coming in.

1596
01:48:04,410 --> 01:48:05,290
So I'm going to hang out with them.

1597
01:48:06,490 --> 01:48:07,190
Love it.

1598
01:48:07,390 --> 01:48:08,190
It's always a good plan.

1599
01:48:09,270 --> 01:48:09,670
All right.

1600
01:48:10,370 --> 01:48:10,630
Freaks.

1601
01:48:10,630 --> 01:48:11,170
Love you, freaks.

1602
01:48:12,230 --> 01:48:13,110
Heavy week.

1603
01:48:13,590 --> 01:48:14,370
A lot going on.

1604
01:48:14,690 --> 01:48:16,010
Focus on what you can control.

1605
01:48:16,450 --> 01:48:17,290
Try to stay civil.

1606
01:48:17,990 --> 01:48:20,610
Do not get dragged into the vitriol.

1607
01:48:21,610 --> 01:48:22,290
It's easy.

1608
01:48:22,670 --> 01:48:23,930
I'm guilty of it sometimes.

1609
01:48:24,590 --> 01:48:25,190
It's very appealing.

1610
01:48:25,310 --> 01:48:25,790
It's very easy.

1611
01:48:25,790 --> 01:48:30,430
it's very easy to fall into it

1612
01:48:30,430 --> 01:48:31,370
try to stay civil

1613
01:48:31,370 --> 01:48:32,630
stay above it

1614
01:48:32,630 --> 01:48:34,470
hug your families

1615
01:48:34,470 --> 01:48:35,830
stay on the stack sides

1616
01:48:35,830 --> 01:48:37,210
peace love breaks

1617
01:48:37,210 --> 01:48:37,690
okay