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Following American huddle on the start
Waiting to post and reply and then repost
This thing is changing the world
How cool is that?
Oh, oh, oh, oh, oh
I was pretty affected by Charlie Kirk's death.
Murder.
His murder
really shook me up because
one of my core ideals, the reason I'm on NOSTER in the first place, is free speech.
I deeply, deeply believe in the First Amendment and the free speech of all people all over the entire world.
And what's clear in watching the videos about Charlie and the way he lived his life
was that he lived in service of free speech as well.
and died during the act of engaging in free and open dialogue.
It's not about Charlie's political beliefs or opinions.
It's about the fact that he has a right to say those opinions.
His children are now going to grow up without a father
because Charlie had the courage and the bravery
to stand up for what it means to be an American.
he had the courage to continue to debate civilly with people,
to engage civilly with people.
And for that, they fucking murdered him, dude.
We can agree to disagree on so many different topics,
and we can and should,
and that is what it is to be an American
and to be a free person across the world.
But what we cannot accept
is violence as it relates to speech.
What they want is clear.
It's obvious.
They want nobody to speak.
They want you silent.
They want your children to grow up without a father.
And all because they couldn't win the fucking debate.
It's disgusting.
Charlie Kirk is an American hero.
I woke up yesterday not even thinking much of Charlie Kirk at all
Not liking him or disliking him
Just not thinking much about him
Charlie Kirk, he's just a guy
He's just a middle of the road conservative guy
You know, whatever
I woke up today after his assassination
Knowing, not thinking, knowing
That this man is an American hero
A patriot
Who deserved to see his children grow up
I mean, that's what we're doing here on Noster
is we're trying to deliver free speech
to as many people as we possibly can.
I would say that's the binding ethos
of everyone on this platform,
even those who vehemently disagree with each other.
And there is speech that I absolutely abhor
and hate on Noster,
but those people have a right to continue speaking,
and I have zero right to silence them.
This idea that speech is violence, that yeah, you have free speech, but with consequences, is bullshit.
You have free speech with no consequences.
That's what it is to be an American.
Even those of you who are celebrating Kirk's death have the right to do so,
and I have the right to call you disgusting, and you are.
but that is the core of what it is to believe in free speech.
You have to stand up for the speech that you absolutely hate.
And when a man is murdered in an open dialogue,
an open respectful dialogue with others in front of a crowd
because he had the courage to get up and speak,
I hope that you will recognize that for what it is.
and how evil it is to champion it.
I hope you will realize, despite your political beliefs,
where that leads and how nothing good can come from it.
A world in which nobody is allowed to speak
is a world in which we are all fundamentally worse off.
Our children and grandchildren will be led
like sheep to the slaughter.
so I will defend free speech at every turn,
even if, like Kirk, it ultimately one day cost me my life,
because it's too important.
And if people want to take your speech away,
the only logical conclusion
is to use your speech as loud as humanly possible
until the minute the guillotine falls on you.
as it did to Charlie Kirk yesterday.
He was a courageous example of what it is to be a real American.
He was a patriot.
He was a hero.
I hope his children grow up to know what a good person he was,
what a good man he was.
And I'm sorry that they won't get to grow up with him.
Use your speech for good.
Always speak truth to power.
Always remain cheerful, upbeat, optimistic, and positive.
we are going to win.
The anti-human scumbags that want to subjugate us all
will not win.
Freedom wins.
It said freedom on his shirt.
Oh, beautiful for spacious skies
For amber waves of grain
For purple mountain majesties
Above the fruited plain
America, America
God shed his grace on thee
His grace a crown like hood
With brotherhood
From sea to shining sea
I think that's the hardest part at the end,
in the beginning there, with the kids.
I mean, it was weird yesterday.
I was here and just taking the news.
And as it was unfolding, it was right when the boys got out of school.
And I met the oldest to get a haircut.
And I had one of those.
I met my wife and the oldest at the corner where the barbershop is.
And had one of those moments where he ran into my arms.
gave him a big hug
and I think that
has been
the thing that's come most into perspective
over the last 20 hours
however so
is the fact that his kids aren't going to
be able to grow up with him
I don't think
I think we cold opened with
Hoddle's vlog
because we both agreed that
I don't think we could articulate
our feelings
much better than he did there
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.
Tough day. Tough day for the world.
Yeah, that's an understatement.
um yeah i mean i would
yeah that uh cold open was uh american hodl's uh
latest vlog um
you can find it on noster if you want to comment or zap him but uh i mean look we're both parents
right so that part has this whole thing is incredibly fucked up i was never a big charlie
guy you know i mostly you know didn't even pay attention to things he was doing to be quite
honest um but uh seeing it unfold and seeing it happen and seeing someone just take him out like
that uh is incredibly gruesome incredibly fucked up and he clearly loved his family
and uh it's hard it's hard to witness that yeah
yeah to do it in this public i mean seriously god was never
i had i wouldn't even say not a fan but i never really fell down the charlie kirk rabbit hole
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.
and uh that's that's the note i said out yesterday is this wasn't only an assassination of
charlie kirk but as huddle said it was uh an attack on the medium of itself of civil discourse
which is a pretty big attack massive attack and um yeah things are weird week when you're
crescendoing with the events of yesterday.
Obviously, here in the United States,
the video of the Ukrainian woman,
Irana Zabowski,
I believe her last name is,
escaped a war to come live in the United States.
And she was murdered in cold blood on a train.
And then you pair that with the civil unrest
going on around the world,
whether it's Nepal, Indonesia,
you have prime ministers resigning in
Japan, France. It's a
very weird time
in the world.
I feel that I think we both
would agree that it's just
hard to
especially since everything's so fresh to try
to react to this
live on air.
Yeah, I mean, I was personally just been shook this week.
I, uh, it's, uh, it just feels tough out there right now.
Struck with the feeling that it gets worse before it gets better.
And, uh, I mean, on the topic of that stabbing, I don't know how to pronounce her name, Arena.
That video is fucking gruesome too.
I can't even bring myself to watch it.
I watched the video.
I watched both videos.
I watched the Charlie video.
I mean, it's fucking crazy.
She's sitting on the train going home from work in Charlotte.
And this guy, this black guy behind her just fucking stabs the shit out of her.
Completely unprovoked.
She's just like reading her phone sitting in front of him.
And then there's four other black people sitting in the car at the same exact time.
and two of them just get up and walk away.
No one does anything.
And then like, there's a bunch of reports
like the media gaslighting people saying
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
Fucking infuriating.
Yeah.
Certainly a cultural rot that is running,
not only in this country, but in the West more broadly.
I don't think, maybe it is, but I do think there are people
who are accountable for, or not being held accountable,
but are responsible for, and who should be held accountable
for letting things get to this point, letting lawlessness reign supreme.
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.
I think there are people that want the vitriolic responses
and the continued division amongst the people to distract
and to use that to take more civil liberties
and usher us into a dystopian future.
But yeah.
civility we talk about a lot on the show it's important to be civil now that was again
the most impressive thing of the way charlie went about when he was down and realized how
young he was either i knew he was young i didn't realize he was 31 31 i thought he was
i thought he was around our age um and uh
Yeah, he'd meet people, sit down.
He was very polite, too.
He had very, and many people would consider them radical views,
but I think anybody who has a firm understanding of the political spectrum
that exists today from far right to far left,
he was pretty moderate in his views, all things considered.
yeah i mean i don't really uh
and we've talked about this in the past like social just exaggerates all this shit
um and just fans people into a rage but i think regardless of how you feel about his views
like the celebration that we've been seeing in a big way like lots of celebration outward
celebration over someone getting fucking assassinated in front of his children is uh
i don't it's it's evil yeah i mean it's just evil completely disgusting
uh and uh shakes your faith a bit right shakes your faith in humanity a bit
like you can just you can hate him if you want but you can also just like put your phone away
you don't have to make the post as, as Haddle said. And once again,
this is why we called open with him. Like, cause I think he speaks better than,
than I can on the subject. Um,
you have the right to say it if you want to, uh, but, uh,
consider just putting the phone down and going and touching grass and hugging
your family and being productive yeah um it is yeah it's it's i do believe we're
in a spiritual battle and i know uh a lot of the viewers don't like when i bring religion or
faith into it, but whether you believe in God or a particular God or not, like I think
at the very least you should admit that good and evil exist. And we are in a very,
very large battle between good and evil right now. And evil got a win yesterday. And I think
the only way to combat that is to try to bring more good into the world.
And to have civil discourse, don't stoop to the level.
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.
And that's not going to end well.
It's never ended well throughout history.
I have plenty of examples of this.
So try to do good.
And I think we can transition.
What is the solution?
Do good.
Focus on what you can control.
which is, I think, something that we focus on heavily here.
And we'll shift the conversation towards that
to paint a more optimistic future of how we can build our way out of this,
create the future that we want to see.
I think getting caught up in the vitriol and the rhetoric
can be counterproductive.
Let's focus on what's in front of us, what you can control,
and what you can do to make a positive impact in the world.
And so I say we go to Clark's dashboard, sort of hit a refresh.
Before you do that, just real quick, Soap Miner's app, 21,000 sats on Primal in our Primal live chat.
Thank you, Soap Miner.
Appreciate you.
All right.
Had a little bit of a pump this week.
Current price of Bitcoin is at 114,520 cuck bucks.
One cuck buck is going to get you 873 sats.
We're at a $2.28 trillion market cap.
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%.
Blocks have been coming in at 9 minutes and 14 seconds.
On average, the last difficulty adjustment, which I believe happened right after last week's show, was an upwards adjustment of 4.9%.
So a lot of hash rate coming on the network.
I believe I saw yesterday temporarily hash rate hit 990x a hash.
So approaching a Zeta hash very quickly here.
They're currently 5,330 transactions in Clark's mempool.
If we go over to mempool.space, we'll see they have 84,438 transactions in their mempool.
No fee market right now, or very minimal fee market right now if you have a high priority transaction.
You're looking at a three sat per V-byte transaction fee to get into the next block.
If you're willing to wait, one sat per V-byte should get you in in a relatively short amount of time.
It's fucking insane.
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.
Yeah, and if you look at three of the last five blocks, they're nowhere near full.
So you probably depend on one sat per V-byte and be fine.
Even less, no.
All right, speaking of building our way out of this,
this was really cool to see this week.
Obviously, we've been talking about BitChat a lot,
and I think Jack Dorsey put it perfectly when he quote tweeted Cali
the other day, there when you need it.
I'm sure many of you have seen this, but let's dive into the subject.
There's been massive protests in Indonesia and Nepal.
Over the last couple weeks, Nepal this week, Indonesia last week,
Both governments have basically tried to stifle speech in the country by throttling social media usage.
And so the citizens of these countries are turning to the tools that work and that the government can't stop.
And BitChat is one of those.
So looking at the chart, you can see here Nepal and Indonesia have tens of thousands of people downloading the app.
um and matt why don't you give a quick refresher on how bit chat works and
why people are turning to it in these countries um first of all uh to jack's comment there when
you need it like this is how i feel about pretty much all freedom tech that's the whole point
um it's how i feel about bitcoin uh when there's no other option there's bitcoin when there's no
other option there's nostor and uh bit chat leverages both uh so bit chat is a censorship
resistant mesh networking chat app um that lets you either chat with people that are near you and
then it doesn't need internet right so it'll hop from bluetooth you use bluetooth to hop from phone
to phone to send group messages or private messages um and a few weeks ago maybe a month
ago, they released global communications that use the independent Nostra Relay network.
And they did actually in a very clever way.
So it uses Nostra Relays based on what region you're in.
So if you're in Southeast Asia, it uses relays based in Southeast Asia.
If you're in North America, it uses relays based in North America, rather than using
a set like server list.
So this is similar to existing server client infrastructure, but different in that the BitChat maintainers do not have to run any server infrastructure.
It's independent already being run by Nostr operators.
And second of all, you have redundancy.
You can independent, you know, the app can automatically broadcast to multiple relays.
The user at the end of the day doesn't even know they're using Nostr.
So all these people are using Nostra and they have absolutely no idea.
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.
So it creates a key on the fly and then deletes the key.
And when you use the app again, you have a new key.
And the chat rooms are based on geographic areas.
so here we can be in america we can use the nepal chat room but it's the nepal chat room
right um so the topic the topics are effectively where you know what geography you live in or
want to discuss which kind of reminds me of like uh you know i don't use reddit that much anymore
my wife still does specifically for like location-based stuff right like r slash new york
city can be very helpful to people that are either traveling to new york city or live in new york city
or wherever they have like reddits for all the different locales right and they kind of built
the same here with bitchat but ephemeral um and not relying on a centralized company um and then
the coolest part is yeah you can block it on the apple app store and the google app store if you
want. But on Android, you can sideload the app. You can just download the APK and install it. So
even if Nepal tries to block it, the Nepal government or the Indonesian government tries
to block it, people can still sideload the app. And it's an open protocol with the two main apps
are vibe coded, right? So one was vibe coded by Dorsey for iOS and Cali vibe coded the Android one.
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.
And last but not least, you can easily integrate Cashew into it and send Bitcoin payments.
So you have private, well, with the private messages, it can be private, but group chats are censorship resistant.
They shouldn't be considered private.
Communications and freedom money mixed into the mix can be quite powerful for protests.
It really can.
there when you need it and it was i mean just the stats alone i mean 50 000 signups and
a couple days in nepal it's pretty material and i think the government went for
an over internet shutdown at some point and i mean what's the population
it was crazy to see what happened i mean they birthed the parliament building down from what
I understand it's because the government...
Convert the Communist Party down to...
Yeah.
They're trying to go over communists.
So it's good to see people push back against communism.
Shame that I had to get to the level that it did.
I believe they...
I believe they took out the prime minister and his wife.
Crazy times, man.
yeah that is the fourth turning man did they do they kill the
the last i saw i last i checked in yesterday morning and i believe they did population in
nepal is 30 million so 50 000 is not that bad yeah
but yeah i do i mean i heard you say the mandibles like i i think it gets worse before it gets better
i think i think at least you have to plan for that with your family
and then hope for the best right if it doesn't then uh that'd be great but don't get caught
flat-footed.
No.
Go try out BitChat
if you haven't already.
There when you need it,
but you should also have it
before you need it as well
in case anything happens
to the app stores
or the internet.
The internet specifically,
if they do throttle the internet,
it's going to be harder to download.
If you already have it
and you're using Bluetooth mesh,
it will work.
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 –
I see Ben Allen in the comments because this is a big mistake if we got it wrong.
The prime minister resigned.
He wasn't killed.
Oh.
He resigned that time.
19 citizens would die.
I saw – yeah, I saw he had been physically accosted, maybe physically removed from the parliament video building.
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
In a lot of ways, I mean, I think Bitcoin has obviously hit escape velocity in a way that many open protocols never hit.
and we'll see if Nostra does hit that.
But if it does, in a lot of ways,
I think Primal and Nostra can be even more sensitive
in terms of government regulation and response than Bitcoin,
which is kind of crazy because, I mean,
obviously a lot of governments do hate Bitcoin,
but they might hate Nostra even more.
Yeah.
Grow. Spin out the relays.
Get your friends and family on.
Create a critical tipping point of network effects.
And to your point about governments hating Bitcoin,
as I was mentioning, we've covered this a couple times,
and it seems like our government, at least those in FinCem,
and the Department of the Treasury,
don't like Bitcoin being used privately.
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.
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.
They mentioned that they would like to expand the Patriot Act to cover and add like a sixth requirement to cover digital asset transactions.
It looks like they're working closely with FinCEN and the Department of Treasury to make this happen.
And it's not looking good.
So I'll just read this section from the Rage's article from earlier today.
The Mixer Rule is not a mixer rule.
The Treasury Mixer Rule is not so much a mixer rule rather than a blanket ban on any software
and even behavior that would grant users of public blockchain transactional privacy.
As such, the rule would deem the following software and behavior as a primary money laundering
concern, meaning that such transactions would end up blocked by centralized intermediaries.
It could put an end to the development of privacy software, even non-custodial wallets,
under the threat of criminal liabilities. These include pooling or aggregating cryptocurrency
from multiple persons, wallets, addresses, or accounts, using programmatic or algorithmic
code to coordinate, manage, or manipulate the structure of a transaction, splitting cryptocurrency
for transmittal and transmitting the cryptocurrency through a series of independent transactions,
creating and using single-use wallets, addresses, or accounts, and sending cryptocurrency through
such wallets, addresses, or accounts through a series of independent transactions, exchanging
between types of cryptocurrency or other digital atomic swaps there, and facilitating user-initiated
delays in transactional activity. Notably, the Mixer's Rule suggestion that cryptocurrency
swaps, transaction delays, splitting, and the creation of single-use addresses, wallets,
and accounts would even put users under suspicion with the authorities potentially ending in
criminal liability, similar to how transaction structuring, sometimes also known as smurfing,
is deemed a federal crime in traditional finance, referring to the intentional breakup of transactions
that fall below the $10,000 currency transaction reporting requirement. In traditional finance,
smurfing carries a federal prison sentence of up to five years, even if the money transferred did
not stem from illicit origins. So not great. Not only do they want to really stamp out the use of
CoinJoin, but they're going as far as to say that the tried and true and best practice of not reusing
addresses will be deemed suspicious and potentially get you on a list and prevent you from interacting
with centralized third parties that are regulated by the government.
Yeah, I mean, I think you mentioned in the beginning, but we covered this last week and I think a month ago.
Not a good development, to say the least.
I think it's horrible for our country.
It's worse for our country than it is for Bitcoin.
Because Bitcoin and open source tools can be and will be resilient.
but uh you know i like the reporting the rage does and they wrote a really
well-researched article on it so i think it was important to recover it again
i don't understand exactly and maybe marty you do um how likely is this to actually be
implemented i mean it seems like it's coming in through a fincent ruling it's not actually a law
uh fincen has previously fincen was actually out in front even before the samurai guilty plea in
tornado cash uh guilty verdict uh saying that self-custody wasn't money transmission um
and specifically that collaborative transactions,
non-custodial transactions weren't under their purview.
Yeah, that particular section that I just read
in this part of the conversation
pertains to FinCEN guidelines and rules
that they plan on instituting.
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.
Yeah, right now the FinCEN is using authorities under the Patriot Act Section 311 to go after specific groups in the digital asset sector.
But it seems like there's going to be a bill brought to – it was originally introduced in 2022 by Representatives Himes of Connecticut.
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.
So it looks like they're going to be reintroducing that bill as well.
yeah i mean it seems like uh i mean i think it goes without saying but it seems like uh
a significant escalation over even the the already shitty status quo which is um historically i don't
think we've ever seen uh users of privacy tools actually be targeted it's always the maintainers
or the developers or the companies behind them.
If we start seeing users getting attacked
under this type of regulation,
that would be a very significant escalation.
And I think it's, I mean, not a constitutional lawyer,
but I think it's unconstitutional for that to happen.
but
I mean we'll see how it plays out
I will say that the boys at
BPI are
mission focused on trying to make
sure this type of thing
does not happen
it's horrible for Bitcoiners
and it's horrible for America
I think America should be leading in
to Bitcoin as freedom money
I think that's what makes our country stronger
makes the people of America stronger and as a result
It makes the country stronger.
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.
When you're talking about the geopolitical arena and pushing back against adversaries of the country.
So I will say that they are mission focused on this.
And from the very beginning, it was one of the main reasons that BPI even exists.
everything else is kind of a means to that end
yeah the uh i mean
we beat this concept uh to death over the years but i don't think you can actually beat it to death
like financial privacy is not a crime it's a human right and the way this
these guidelines are structured as written today and if they're implemented i mean just
It's a single address.
It's just like best practice for privacy and for efficiency,
for making sure that you're not overspending when you have to combine.
If you're using a single address and you have to combine UTXOs,
it gets more expensive.
I believe after a certain threshold,
if you reuse an address too much, it degrades the entropy.
It makes it easier to brute force your private key.
degrades the entropy of your private
public heap here.
Logan,
yeah, I mean, that's true too.
Logan,
I see someone in the comments.
Did you put a link to the Primal stream
in the YouTube show notes?
I don't think there's a Primal link.
I think the link
is to rhr.tv.
Oh.
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.
i will say milian and team they respond
to bug fixes very quickly i do not have to refresh the page on firefox to get the
the chat live stream it's coming in and streaming in i have it refresh once
there you go fine and dandy iterating at laser speed
i mean ultimately what i really want is uh and i think we'll get there is like primal.net
And by the way, Freaks, this doesn't exist yet.
Primal.net slash RHR slash live.
And then that will just always be like a fixed link to our live streams if you're on web.
Yeah.
One bug to report.
Soap miners.
Zap came with a lengthy message.
And there's just some UI bug there.
The message is too long.
you need to yeah we'll figure all this stuff out there's uh the primal team is in the comments
uh we're just we're gonna bug test this shit live and every week it'll get better
um oh i see uh winsome hacks is saying rh.tv slash stream which is the link we've discussed
many times in the past to view the live stream actually still should work even in our new current
setup um but right now zapstream is under ddos and that's why it shows in old state
um but nostril is an open protocol so um any any any stream from anywhere that's nostril compatible
gets shown in zapstream and primal but yeah i like i said i gotta find historically our hard
coded stream link is zapstream and it still is but zapstream's down so here we are there's some
context for you we'll get to the bottom of it all preaks we will
honestly i think honestly at this point i think uh and i haven't actually talked to kieran about
this in person yet but um i think it might just be cloud flare that's ddossing him because he's
not using cloud flare you think so they've been they've been known to do that shit have they
yeah and then you like bend the knee and you like activate cloud flare and then all of a sudden
you're good
seems like that should be illegal
yeah
I mean I don't think they've ever admitted it
but it's like it's an open secret
but he wants to you know I respect
he wants to do everything the freedom way
and self host to servers
and not use Cloudflare which is basically
a man in the middle as a service
I respect it
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.
Moving on to macro talk.
Here in the United States, wholesale prices unexpectedly declined by 0.1% in August as FedRate decision looms.
producer price index fell by 0.1% in August after a downwardly revised 0.7% increase in July
and well off the Dow estimate for a 0.3% rise.
The release provides breathing room for the Federal Reserve to approve interest rate cut.
At its meeting next week, services prices, a key metric for the Fed,
when evaluating the stance of monetary policy posted a 0.2% drop.
And so the boogeyman of inflation seems to be going away,
which the Fed has been worried about.
And many people, Jerome Powell specifically,
said he was waiting to see the effects of tariffs on the CPI
and other inflation indices, the PPI being one of those.
And it looks like it's not manifesting as much as he believed it may have.
And so I guess this is just giving more reason for the Fed to cut rates
You couple that with the massive jobs, downward jobs revision that we received earlier this week as well.
Between 2024, jobs were overreported by 911,000.
And so many are making the argument that there was no jobs growth in 2024.
The Biden administration and the Bureau of Labor Statistics, by extension, were cooking the jobs data to make the economy look better.
And I think, listen, the Trump administration could be cooking the revisions as well to make it look worse than it actually was.
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
I would not be surprised if it's actually the case.
These numbers are actually legit because I think we'd be covering it.
It seems like there's been a silent depression for quite a period of time now.
People complaining about prices,
complaining about the inability to afford a house,
the inability to afford healthcare,
the inability to afford groceries has been pretty clear and that's been pretty consistent for
many years now at this point post-covid stimulus and uh yeah so i would not be surprised if we've
the u.s economy has technically been in a recession in many sectors of the economy for
for well over a year now at this point yeah i mean it definitely feels that way when you like
go out into the real world and talk to people.
And it's just, I mean, we've talked about this in the past,
but it's just, it's so complete clown world that like,
I don't know, like a bullshit number comes in
with questionable practices on how they calculate it.
It's under quote unquote analyst projections.
So then as a result, the market's like, oh, you know,
the closed door Fed meeting is going to lower interest rates.
So then the market bumps.
And that all happens in like 30 minutes, right?
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.
And it's all because of that feedback loop.
I just really quickly, Zapstream is not down right now.
But there's like some technical reasons for behind the scenes that I won't go into.
But right now, if you want to watch on Zapstream, just go to zap.stream and you can see it there.
It's just streaming from a different endpub right now.
Zapstream's picking up the host endpub rather than the broadcast event endpub.
Like the event is signed by a different endpub.
But anyway, we'll figure out all these different things and we'll solve it over time.
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.
This is awesome.
And Milian zapped 21,000 sats.
Let's fucking go.
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.
Clearly, he was testing it out.
Can you test it on Android too, Milian?
I think it may not be working there either.
But yeah, guys, in the next five months or so,
like this whole Nostra streaming experience is going to be absolutely amazing.
Like I think we're making record pace here.
So just hang in there with us.
I know it's a little bit frustrating.
Yeah.
No, but back to the U.S. economy.
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.
I don't think we've recovered materially since then, especially when you factor in inflation.
But yeah, I mentioned I was speaking with Peter Alexander and Mel Madison last week.
I recorded with both of them last Friday.
And yeah, Mel, who's been pretty on the ball in terms of his predictions for how things
are going to play out this year, he's bullish on stocks, bonds, and gold and Bitcoin at
the same time right now.
And that ties into our next topic, which is the fact that the 10-year yield has dropped
to 4.05%.
Had a very strong auction this week as well.
And so I think it's pretty clear that it's all systems go.
rates are going to get lower.
And we're going to try and
set the economy on turbo,
stimulate the economy
as much as possible.
And it's going to be beneficial
for
financial asset prices,
which
unfortunately
is not going to benefit everybody.
I think it
could obviously restoke
inflation as well.
And so
out of all the
assets that are going to pump,
I think it's pretty clear
which one we believe
you should all be getting exposure to, which is Bitcoin, most accessible.
It's the best way to preserve your purchasing power.
It's why Bitcoin exists.
And I think the strong movement in price we've seen in the last few days is a reaction,
is basically recognition that, A, it seems pretty clear that stimulus is back on the table,
lower rates are back on the table.
We could be heading down towards ZERP again.
so you want to get hard assets like Bitcoin.
100%.
It's interesting.
I mean, the 10-year falling is also indicative of the market
thinking that inflation is under control,
which seems retarded.
But, I mean, market to market.
Yeah, it's that.
and obviously also an indicator of how much demand
is there going to be for U.S. debt.
I think another factor could be you look at France,
in the U.K. specifically, in Germany.
Those economies are dog shit right now.
France, it's rumored that their government is going to fail
and they're going to have to go to the IMF for a bailout,
which is not a good look for a developed Western nation.
similarly you have
not a good look at all
in the UK
in Germany's economy is still struggling
other stock markets have been up but
it just could be like a flight to relative safety
what's the best
government debt market
if all those governments are failing
flee to relative safety
not that it's safe at all
they should all be buying Bitcoin
but
can't depend on that
well anyway
I would never give
someone a 10 year loan
at 4%
no
alright
we've got
software updates
so before
I forget
do we have a
Human Rights Foundation
story of the week too
they had an update
they had an
shipped their new newsletter
by the time we went live
so
I'll check
my inbox
to see if they sent one more
it looks like they did
you can pick one again
this is going to be fun
the fountain guys
the
desktop dashboard
for boost
is different than the app
in the sense that it
lists boost in chronological order
from when they were posted
not in terms of the amount of sats boosted.
First 21,000 sat boost
came from our friend Stimmy.
Shout out to the audio freaks
with Primal Streaming FOMO.
Shout out 21,000 sat.
Shout out to you Stimmy.
One of the cool things
is all those fountain boosts are Nostra posts,
so I actually retweeted that on Primal.
I'm going to do that right now, too.
I'm retweeting that feed.
It's cool you can retweet a boost just natively.
Open protocols, man.
And you can.
I'm going to zap that boost, too.
Guess what, Stimmy?
He's got a thousand sats back.
The money's just moving in circles.
that's the only 21 000 sap boost from last week's rhr rabbit hole recap 373 bitcoin is the best
money and i will open up my inbox and hrf financial freedom report number 89 let's pick a story here
we touched on indonesia but we didn't really dive into the exact story so to add context from
the earlier subject we discussed indonesia police violently suppressed student-led protests indonesia
experienced its largest protest in years as students workers and rights groups took to the
streets against new lawmaker perks in addition to their salaries all 580 members of the house
representatives now receive a monthly housing allowance of 50 million rupiah around 3,075 us
dollars this is nearly 10 times minimum wage in jakarta police met demonstrators with violence
and force detaining 3 000 injuring 1 000 and killing 10 people nationwide the unrest reflects
mounting frustrations over eroding financial conditions defined by rising living costs
widespread layoffs and new tax likes officials have also pressured platforms like tiktok and meta
to curb protest content with reports of X access being blocked amid the crackdown.
So similarly, financial stress, financial repression,
people complaining about it on social media,
then the government moves to social media repression.
And that's what drove people to BitChat in Indonesia.
And it's a tale of old time.
I mean, it's crazy how time is a flat circle.
and these stories have become a dime a dozen throughout the years.
This is very predictable once financial stress starts
and people start complaining about it
and the government starts handing out free giveaways to politicians.
It's a very predictable order of operations here.
Inflation, complaining.
And complaining.
access to financial services and social media and then they meet in the streets and
start physically beating people
very true
onto the tools that can use
that you can use to make your bitcoin life better craig raw
has released what do you call this frigate free gate
frigate it's it's frigate bro frigate yeah like a boat a frigate hey logan i learn something new
every week from you there's also a frigate is to me there's also a bird there's a bird called a
frigate and you know he's the creator sparrow all right he likes naming things after birds
okay and it's a marine bird and yeah it's also about type of boat what is it what type of boat
What's a frigate?
The Navy has frigates.
Okay.
It's a warship.
Learn something new every week.
Hey.
Don't come at me because I didn't know what a frigate was.
What did you pronounce it?
Freigate?
It makes me feel better about V-Log.
A Freigate?
A frigate.
Frigate is an experimental election server testing efficient silent payment scanning
with ephemeral client keys.
Note that Frigate is currently a proof of concept
for supporting silent payments on Electrum servers,
not a replacement for Electris, Fulcrum, etc.
If you are a developer interested in exploring
silent payment scanning, check out Frigate.
Pretty cool.
Yeah, I imagine there's demand for something like this
because of Spark.
Oh, no, silent payments.
No, not Spark.
That's state chain. It's my bad.
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.
and I don't have to keep providing a new address
or run like a BTC pay server or ZapRite or something
to provide a new address.
So I want to just give you like a static string.
I just want to give you a single address
that I give you once you put in your contact book
and every time it sends to a new address.
Now, BIP47 solved that
by doing a notification transaction,
which you could scan the chain to compute the addresses
that are just between you and the person
you're transacting with.
silent payments does not have that notification transaction so it has a a lower on-chain burden
but instead the burden is put on the receiver in terms of syncing and specifically syncing in a
situation like cake wallet has it integrated and so syncing in a situation where you know you have
a remote node and that remote node is an electrum server run by many people is is is not an easy
computational problem.
You don't want it to
take forever
and strain the resources of the server.
This is Craig's attempt
to solve that more elegantly
and it's probably the first step to
getting silent payments into Sparrow itself.
Great. Love to see it.
Love to see it.
Breaking news.
Breaking news. We are currently out competing
TBPN on
X. We have more viewers.
more live viewers than tbpn right now i think this is the first time since we've been recording
and tracking our competition with the rabbit hole recap uh knockoff and so if you're if you're
watching on x we need to pump the numbers retweet share it's a beautiful thing
we got some
pound room pound drums app from bitcoin rising 21212
Pretty impressive since I convinced half of our audience to delete their X account.
Yeah.
Love to see it.
Thank you, Freaks.
Primal Stream is fire.
Love you guys, but run Knotts.
Yeah, I mean, look, if you want to run Knotts, you're welcome to run Knotts.
I think that's your right.
I personally am not willing to recommend Knotts to people right now because I want to see their release and review process.
become better.
Like right now, it's pretty much just Luke's shipping code.
And I like Luke.
I think he means well.
I think he cares about Bitcoin.
But I mean, it's a very important project.
Your node should be very important to you.
And you can, right now, if you don't want to relay larger transactions,
if you're running core v29 you're not if you don't upgrade you continue to not be
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.
So you can either reduce that data carrier size or you can just choose not to relay transactions at all.
Whether they're large or small, but by doing blocks only.
I do like having at least some size mempool because on start nine,
it's really cool to run mempool space alongside of it and having a self
hosted view of, of incoming transactions.
And then last but not least, I said this last week,
but I see people saying it again in the comments.
I do not think, yeah, I think,
I think that I'm kind of frustrated with core for deciding to force through
this kind of, I mean, force is a hard word. No, no one's forcing you to update, but, uh, it's just,
it's, it's, it's creating unnecessary drama and I don't think it really changes much.
Um, people that want to relay larger transactions could have updated their config file to relay
larger transactions instead of core changing the default. Um, but I don't think it's this
existential threat that people are making out to be like you can mine these transactions right now
today for consensus rules um and there are modified nodes that are already relaying them
and you can submit them directly to miners and so like i think the question is like
if 10 of nodes or 5 of nodes are relaying them already uh
running knots probably not going to stop that and then last but not least i would like to see more
well-reviewed, maintained Bitcoin implementation.
So node runners have more choice.
And that's part of the reason why I don't need my time to open Sats
so that we have more developers working on the protocol.
Yeah.
And I really don't want to have to repeat this every fucking week.
No.
So, but I will if you guys insist.
and then I see we have Sue
Generous John
this is where my
Latin comes out I was just about to say I may not
be able to pronounce frigate but I know Latin
when I see it Suey Generous
John okay well
at least I didn't say frigate
and he says
chicken pot pie chicken pot pie chicken pot
pie and then map 21
21000 sats he says keep your
heads up freaks
and Marco's app
21212 sats
best time of the week uh thank you marco i do think it's hilarious that uh there's like a
a fringe minority in nostril that like has like this big vc conspiracy about primal
and it's it's i think six employees now maybe seven employees and two of them are millions kids
it's like a nice nice humble family operation yeah you love to see it
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
like to hear your responses so dell great citadel dispatch episode with egg eggy edgy on the cashew
it's not pronounced it's not pronounced eggy i think he pronounced it eggo eggo eggo but i
I'd pronounce it Aggie.
Filthy Fiat Wallet learned a lot
and implemented it this week with Noster Wallet Connect.
Yeah, it was a fun one.
We obviously were focusing on Cachy with that episode.
And then I just had Marks on for Maple.
So I think both those conversations were a lot of fun.
Check them out by searching Cytle Dispatch
in your favorite podcast app next week.
Hasn't been announced yet,
but it will be one of the open source developers
building out Fediment, and we'll be talking about how it's easier than ever
to run your own Fediment.
Let's fucking go.
All right, back to the list.
Another important update this week.
ZapRite launches event tickets functionality.
It's a pretty big update for them.
I recorded with Will Cole, had a product at ZapRite earlier this morning
on this exact subject, and it's pretty impressive what they built.
I mean, they're almost at exact feature parity
to something like Eventbrite.
Yeah, it's really clean.
So Bitcoin Park is throwing an event next week,
two events next week,
the Custody and Treasury Summit and Imagine If.
You can find more information for that at BitcoinPark.com.
But we're using ZapRite event tickets for that,
and the interface is fantastic.
Super clean, exactly what you'd expect.
pay with Bitcoin, pay with fiat, however you want to.
I still love the feature that you can charge more for fiat.
And I like how it flips on the head from a discount with Bitcoin.
It's like you're not getting a Bitcoin discount.
You're getting upcharge for fiat.
And it handles everything for you.
Super clean.
Check it out.
If you're running an event, you want to accept Bitcoin?
Don't want to be beholden to Eventbrite and others?
who take a lot in fees,
consider Zap right.
We'll miss that feature parody.
Also, Mark, what's your opinion on chicken pot pies?
I love chicken pot pies.
My wife actually made a homemade chicken pot pie last week.
It was delicious.
I'm a big chicken pot pie guy.
It's good.
Yeah.
We do it in the cast iron.
It's great.
We'll pop pastry over.
It's a nice little guilty pleasure.
It is.
That's good.
It's good.
It's wholesome.
Yeah, exactly.
D10 torrent search updates.
We talked about this.
I like this.
One second.
Greg Tanosky, one of our major trolls here,
ride or die trolls at Rabbit Hole Recap,
is saying Bitcoin Nuts is independent
and developed without influence
from Clown World sponsors and VCs.
um i mean they raised a fucking massive round for ocean that is effectively paying for knots
development um and i will say once again that i called for additional contributors to knots to
apply to open sets um so i mean you just you don't you don't you can encourage knots usage without
making up bullshit that is easily disprovable
and then like people are like oh well dorsey funded open sats it's like yeah well the largest
investor in ocean is dorsey as well so he actually has equity in that company he has
no equity in open sats and no control over open sats it's also tiresome it's also tiresome
d10 torrent search updates we announced last week right so it looks like they're shipping fast
trending torrents uh yeah this is kieran too you know kieran is the maintainer of uh zapstream and
snort and this is his latest project it's pretty cool i mean i'm a fan of torrents using torrents
and nostr together to be able to look up torrents easily sort through them get ratings use web of
trust it's a really compelling use case um and so it's an open source project you can self-host it
but he's also hosting an instance at dtan.xyz.
Yeah, I'm looking at this.
Oh, God.
There's porn on there already.
God damn it.
Well, even if you do Web of Trust,
then who in your Web of Trust is putting the porn on?
You can remove them from your Web of Trust if you want.
Oh, I want to talk about porn.
Oh, God damn it, Logan.
I'm just looking through this.
It's like a lot of Spanish language content.
Una
de Minecraft.
So
is that like a little version of Minecraft?
Small file Minecraft.
It's pretty cool.
Are you just scrolling through Torrents right now?
Yeah.
Not clicking on any because I don't want to
that will end anything
I don't want on my computer
but
just looking at it
I think it's a cool project
yeah
go check it out
ttan.xyz
excuse me
Android security
patches
moves to quarterly
model instead of monthly
this is interesting
this is coming from
graphene
yeah graphene
seems really concerned
about this
or the developers behind Graphene.
So they're embargoed on the exact information.
So basically what's happening is
the Google Android team is providing security updates
and they're sending them out to developers
of different Android packages, right?
So like Samsung, Graphene, I don't know.
Who else makes Android phones now?
um and uh so they're sending him out to all these these these teams and they're saying you can't
ship the update for a quarter um and then those teams because it's such a big you know it's like
huawei and everybody anyone who makes android stuff um and uh i uh and and so basically they're
shipping it out they're telling you you can't ship it out yourself for four months because you
have to give all the other uh developers time to ship it but meanwhile it's going out to like nso
group and all these different malicious actors to then leverage it to attack so i mean if you're not
assuming malintent here which you know it could just be it's not necessarily malicious from google
but what is effectively happening is these security bugs that can be used to compromise
your device are being released almost yeah four months or what three months earlier than they're
getting actually implemented to user devices and there's that three-month window where they can be
used to attack people and i guess if graphing breaks that embargo and ships early themselves
then I think Android stops providing them the security releases,
which obviously hurts graphene users as well.
So they're stuck in kind of between a rock and a hard place,
and they're calling for a quote-unquote independent whistleblower
to break the embargo so then they can just ship.
Yeah.
That doesn't seem great.
It seems like vulnerabilities may be critical.
if they're acting in this way?
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
i appreciate you um i see some people in the i see some knots people in the youtube chat that i like
to respond to saying this is an existential threat to bitcoin and odell has been co-opted
But once again, I am not going to tell you what to run.
Which is like, come on, people.
Yeah.
I'm not going to tell you what to run.
But people do, they're curious about my opinion.
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.
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
tell people i was wrong after the fact uh i don't expect any of you guys to say you're wrong if it
wasn't the case but right now a lot of people are being uh basically scared into selling their
Bitcoin, moving to custodians, going into MSTR, blindly running knots.
So there's a lot of fear out there.
And in general, I think it's unwarranted and counterproductive when I think the ultimate
goal should be to have more well-reviewed implementations out there.
So node runners have more options.
I think that's just an absolute net benefit for the ecosystem as a whole.
I completely agree.
Yeah.
And it's the last thing I'll say.
It's like people are like forcing you to or trying to force people like us to agree that's an existential crisis.
If we respond and say, hey, I understand why you may think it is, but I personally do not hold that belief as well.
They attack you.
So you're co-opted.
yeah it's ridiculous i'm not telling you what to run uh so don't tell me what opinion to have
yeah the cool the cool part is you can run whatever the fuck you want to run
and go run a little bit of bitcoin if you want to as well um i don't feel comfortable recommending
that either uh right now but i like i like that uh yeah or btcd i like that vos voskules always
He's been, he clearly cares about Bitcoin.
Yeah.
And has been doing the hard work to build a whole new implementation from scratch.
I love Eric.
Eric, if you're listening, I doubt you are.
But I thoroughly enjoy our conversation.
He's the hardest man to talk to in Bitcoin because he never relents.
You'll never win an argument with Eric Voskiel.
I've had five-hour conversations with him where I've had to tap out.
Like, I'm done. I'm out of here.
It kind of filibusters you.
Yeah.
The filibuster strategy.
I see digital text and zap 27,182 sats, an oddly specific number.
Stay rational, stack irrationally.
That was the other thing.
I mean, this week has just been crazy.
I didn't even put it on the list.
um but did you pay attention to that npm uh supply chain vulnerability at all
that everyone was panicking over oh yeah the javascript injection
yeah one of the uh maintainer keys got hacked
yeah and then shipped it downstream and it seemed like it was
it turns out like it was mostly like web-based shit coin wallets
were exposed and then even with that they kind of fucked it up
fucked up the attack so i think only like 500 of shit coins was taken at the end of the day
um but it was all started by a single post by one of the ledger guys
and then like i love btc sessions and i think he means well but like he went on an emergency
live stream and was like asking chat gpt which wallets were affected and then every wallet that
he said was affected had to like come out and be like we weren't affected our most wallets that he
said it meanwhile if you if you if you had your bitcoin in cold storage and you're using a hardware
wallet like cold card and you can actually verify what's happening on the secure screen that's
offline as well um that alone mitigates any of these types of attacks yeah i did it yesterday
i had to send somebody an address to receive bitcoin spun up sparrow wallet pulled an address
from my ex-pub associated with my cold card,
he'll scan the QR code of the address in Sparrow
and verified that yes, this is associated.
You receive address.
Yeah.
Very simple stuff.
I did it because of this vulnerability.
I didn't think Sparrow was affected by it,
but don't trust Verify.
Sparrow wasn't affected.
Yeah, Sparrow wasn't affected by it,
but there's still best practice to always check.
receive addresses. Um, but yeah, I mean, there's like,
there's just a lot of, uh, intentionally or not, uh,
you know, fear gets clicks, panic gets clicks.
And, uh, I don't know. I'm not trying to play that game.
I'll let you know if I think something is freaking me out. Yeah.
42,000 sat zap
just seeing the end pub now
I don't know if you can see the
the readable handle
I don't know if you should go to this website
I don't think I personally am going to go to it
but Kremlin Graham
doesn't work
why would you read it out loud then
it is app
I mean it's part of the
part of the
part of the contract we've made with the
with the viewers is we'll read the message if you zap over certain oh it's silent.link
okay i don't think he's i don't think he's posting anything too compromising
i have a lot of respect for him and i do have a level of trust in him that i
don't share with many people he has earned it but thank you for the support sir as always
based on the headline and based on the hatred that he has about telegram my assumption is that
it's about how telegram is controlled by the kremlin yeah anyway freaks you know whether
the kremlin's in your threat model or whether the u.s is in your threat model uh or whether uh
durov is in your threat model you should probably delete telegram uh that shit is spyware
beware beware speaking of russia nato has evoked article 4 of the north atlantic treaty
at poland's request after dozens of russian one-way attack drones violated polish airspace
has it been verified that was russia come out and said anything about it this is very weird to me
i don't know i was like a lot of things are going on this week
but this seemed like a big deal
so I kind of put it in the
I kind of put it in the list
because I was hoping you were going to tell me about it
but
it seems
it seems bad
yeah and it just doesn't make
I'm going to talk to Tom Luongo
later this week
and we'll probably touch on this
but it doesn't make any sense to me
why Russia would do this,
particularly at this point
where it seems like
there could be a potential
resolution in this war.
And I think one of the things
that the West has been worried about
and part of the narrative
of the Warhawks
is we need to prevent Russia
from moving further West into Europe.
And if Russia actually did this,
this is validating
one of the main concerns
of the Western,
the g7 nations and european union and it just doesn't make sense that it would be
it doesn't make sense that they would do this especially if they didn't
attack like a and uh i don't know that's my tape that's my before just real quick uh because
that silent.link account is not the official silent.link account so
please do not click or go to that link yeah
um i just i mean i just checked and i don't follow that account and it only has 10 followers so
um either he created a new account or it's an impersonator best to assume it's an impersonator
i uh i mean what the claim is that 12 russian drones entered polish airspace
yeah in some par some person in the youtube chat saying they were russian but russia claims it
wasn't an intentional attack on poland yeah i mean they could have went off they could have just
lost control of them or something alternatively uh they have done and we i think we do this too
like the u.s air force does this too but like you do like test incursions where you don't like
attack or anything to see what the response time is um so it doesn't necessarily have to be
i mean obviously it's still a provocation but uh
it does it's it's not the rarest thing in the world for them to check airspace responses yeah
i think we've seen china do with taiwan like i said we've done in the past
but yeah these were the fact that they were like
like attack drones i believe they're suicide drones i believe they were described as like
yeah i think their shot head drones are basically like drone missiles yeah they just like fly them
into things yeah anyway i just to me it was mostly a be aware because i feel like very few people are
talking about it um and i i'm not really aware of it either so i put it in there like i said
hoping that you were gonna provide me a little bit more context for the freaks we're going to but
yes guys i mean let's reiterate it seems like it would be a very big strategic misstep if
russia does want to end the war in ukraine maybe they do have ambitions to go further
west into europe and they think they can do it but i think the evidence of the last three years
would prove that their um their army their military is pretty depleted i had a lot of
losses when it makes sense strategically to me but i'm also not a uh game theoretic uh war
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
of very positive momentum before the tragic events of yesterday was the,
the Maha hearings on Capitol Hill.
Something I've been very passionate about on TFTC is staying on top of the
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,
hopefully globally, where the people who inflicted those crimes on the world are held accountable.
And I think there was a lot of positive momentum in that direction this week on Capitol Hill as it pertains to that.
uh i'm gonna have to ask you to repeat that but for the freaks just to
just look it's important what i was doing uh i just messaged silent link out of band
um and that was him uh he just he didn't want to paste his nsec into another app so he created
another account okay sorry i wasn't listening to anything about the maha stuff i was just making
sure that we didn't like send our fucking listeners to a phishing scam right we didn't
get out of bounds confirmation maha stuff very short similar to um you're just going after rfk
right no it will they are going to say but the hearings were very productive in a positive way
where i think was was rfk holding the hearings no senator johnson was but he was like he was on
the inquisitor side it was is it rfk one in the meetings it was dr malone um another doctor
uh ted rogers i believe his name was and then um a lawyer um siri was his last name i forget his
first name and they were with uh it was the three of them i believe a couple others and then there
was a representative from stanford who was putting forth the case that the covet vaccines are safe
And there's nothing to question about the safety of not only the COVID vaccines, but the childhood schedule.
And I think there were very, that dude got owned.
And I think the sort of Overton window, the conversation around mandated, coerced vaccines shifted pretty dramatically.
and there was a lot of positive momentum up until yesterday afternoon
when attention shifted for very obvious reasons.
But it's something I've been passionate about.
Don't want to get swept under the rug.
So it was great to see.
No, I think it's incredibly important.
I mean, look, I don't agree with him on everything,
but I wholeheartedly support RFK.
And I think the crux of the issue specifically on childhood vaccines
is that they are more or less forced on the population.
You have zero agency except to opt out of the entire thing.
And if you can't afford to opt out of the entire thing,
if you have to put your kids in daycare or public school or something like that,
then you are effectively forced and mandated to take them all,
to have your kids take all of them from a very young age.
And that's just fucked up.
People should have the choice.
you know regardless of how you feel about the efficacy of them people should have the choice
um when it comes to their children and the health of their children
uh it as a parent you know i'm fortunate i'm fortunate enough that my family's in a place
where we can just tell them fuck you um but a lot of families are not and that daycare piece
specifically uh both parents are working you got to put them in daycare at a young age a lot of
daycares mandate it check yeah it's disgusting um as many of you know we had our third child
uh a few a couple weeks ago and we had a conversation like hey no not getting happy
30 seconds out of the womb and which is ridiculous like it's for an std
it's like me and my wife don't have happy like my kid's not going to like be using dirty needles
or having dirty sex,
I guess most ridiculous fucking thing ever.
Specifically, like the Hep B one is like,
I think that one should be a clear red flag
to anyone that is using actual logic.
Yeah, well, that's the thing.
I've recorded with Dr. Jessica Rose last week.
Her and Kevin McKernan, Dr. Kevin McKernan,
and another co-author released a paper
that basically proved it was peer reviewed.
I think it's being replicated right now
that there are DNA fragments and SV40 fragments
in the Pfizer vaccine specifically,
which are not supposed to be there
and are not good for people's health.
And that was brought up in the hearings.
But Jessica and I, during our conversation,
we talked about too,
like just getting to first principles logic,
the whole conversation around vaccines,
people who are skeptical or villainized as anti-vaxxers,
but let's get to first principles.
If you believe that these things are safe and effective,
effective most importantly, you take them.
Why do you care if others do not?
And then number two, going back to the fact that
if a vaccine gets on the childhood schedule,
the producers of those products cannot be held liable
for any damage that is potentially created.
That doesn't make any logical sense to me.
Like, why do they get legal immunity if something gets on the childhood schedule?
And if there's just a loophole to get legal immunity that puts children at harm, it's extremely demonic and evil.
And it should be re-approached and reconsidered of what we're actually doing here.
And there's just so much, the following incentives, there's so much fucking money to be made.
Yeah.
It's a forced subscription plan.
Yeah.
heavily subsidized.
That's the one thing I want to bring up.
I'm happy there was positive momentum in that direction.
That's good.
It's good to hear.
I do feel,
I mean,
a lot of trust was lost with the COVID shit.
So,
um,
the Overton windows shifted fast on that.
That's a,
that's the thing Jessica said during our conversation was like,
it's insane that they're vilifying people that are skeptical.
when it's like if you did the right thing
and garnered people's trust correctly,
you wouldn't have this problem.
The onus is on you to build that trust.
You can't fault people for being skeptical.
That's all I have to say about that.
One more boost before we get out of here.
Drew, cattle bike, 21,479 sats.
Next Northwest Arkansas Bitcoin meetup on Thursday next week,
peer-to-peer social at Bentonville Brewing Co. at 6.30 p.m.
I didn't see that one come up.
Is that in the live chat?
I'm seeing it on Primal right now.
Ah, well, some work to be done.
I see it now.
We did 256,136 zapped during this live stream.
Thank you, Freaks.
We really appreciate the support.
Especially weeks – I mean, this week is a tough week.
I don't know.
You guys are just showing that you find the show helpful
and enjoy the show is what really keeps me coming week in and week out.
Because it's a grind.
It's a grind and I appreciate you all.
As do I.
Drew Cattlebike is correcting me.
It's not Drew Cattlebike.
It's Drew Bull Cycle.
I should have picked up on that.
I'm sorry about that.
Cattlebike.
Drew Cattlebike on his Friigate.
On his Friigate.
And by the way, on that note, freaks,
if you share the show with the friends and family,
whether it's Robert, I'll recap,
whether it's Marty's, TFTC, whether it's still Dispatch.
Ask them to subscribe.
If you leave a review, retweet on Noster or X.
All these things really help.
Spreads the signal.
So thank you.
It does.
And even if you listen live, to Matt's point,
particularly apple and spotify go leave a rating five-star rating review zap us on
boost us it's really helpful it is the other thing is we used to tell the freaks about this
in the beginning when we were bootstrapping but we know we don't anymore uh if you just enable
auto downloads that's very helpful for us um because just all the algos are like oh like
it just automatically counts it as a listen
if you enable auto-downloads.
So even if you skip a week,
the algo thinks you didn't.
Just something to keep in mind.
It's a very cheap way to support the show.
You remember we used to do that?
We would remind people like every week in the beginning.
Yeah.
Open up your mom's phone.
Search your Apple recap.
Press subscribe.
Click auto-download.
Look, Ski took that advice to hard.
I secretly subscribe on all my friends' and family's phones when they're not working.
Thank you.
We need more of that.
There must be such a surprise to them.
John Arnold saying this is the most boring cattle bike ever.
Hey, validation grind up.
Dude, I mean, do you think it's going to continue to be boring?
It feels like, no price predictions, but I don't know.
I was, I think the, uh, not that I'm a TA analyst or anything, I'm just purely working
off of pattern recognition vibes that I've developed over 12 years of following Bitcoin
closely.
Like I think last week's dump down to 108 and then getting back to 114 is like very strong.
It looks like if you look at the yearly chart, we've been sort of in this range for since
the beginning of June and the Bay beginning of June.
I like that three months of sitting in a range typically leads to an acceleration of things in the fall.
Well, I mean, my high conviction call is that volatility is coming.
Like I'm very confident.
I'm very confident that we either pump hard or dump hard after all of this consolidation.
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
and I think a lot of people are getting shaken out by boredom and FUD and panic.
And they're basically just waiting for that one person who's listening to the
show right now, who's cycling out of Bitcoin and aping it to gold, uh,
before we start ripping up higher.
Yeah.
I mean, we've said this many times throughout the years.
I don't think we've said it in time.
That's like Bitcoin will bore you to death and shake you up.
That's the hardest part.
Yeah.
That's part of where Stay Humble comes from.
It's just like stop trying to trade things.
Stop trying to plan short-term stuff
because it is stacking long-term,
holding long-term.
most of the time bitcoin is boring what's the stat boring or sad yeah like we're just dumping
and getting poorer all the time i think the sad is if you're on the sidelines for the
10 best trading days of the year you miss 90 of the upside that's like yeah just damn and stack
sets yeah and it's even worse than that because if you miss one of those days then you tend to ape in
at the local top and then you probably sell when it dumps down a little bit and corrects
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.
Bitcoin is, I think Bitcoin does really well in good times.
And I think it's a life raft in bad times.
Like it's good in both.
That's the cool part, right?
And to me, like Bitcoin and the greater freedom tech movement,
you know, open source software, open source tools,
Noster and everything else is just,
that's what gives me hope.
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.
Yeah.
The cattle bike jokes around.
The cattle bike.
This is going to be the best cattle bike ever.
Yeah.
get your fry gates get your fry gates ready because we're going to be sailing an open water
open water bitcoin this cattle gate cattle cattle gate cattle bike cattle bike um yeah it's gonna
be boring most of the time but uh not to your point like it it seems pretty clear i wouldn't
be i wouldn't be shocked next week's the big fomc meeting if we got a 50 bip uh cut and
Mel was saying that he thinks there's going to be
anywhere from
that Mel episode was great
between
Mel and Peter too
I did want to bring that up
in the context of the geopolitical
positioning between the US and China specifically
I think both of them said that all China
wants is just recognition
that it's an equal
and we shouldn't be trying to
maintain hegemonic
empire around the world
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.
Obviously, based off the first half of this conversation, we've got a lot of problems here in the United States that need fixing.
I would not be mad if we said, hey, China, you're an equal.
If you want to steward Asia, go for it.
We're going to fix our problems at home and focus on the Western hemisphere.
I mean, I think –
makes me a communist supporter or an anti-american cock so be it i mean like this was in mandibles as
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
probably not negative for the world or i i lean heavily in that belief um i think it's probably
a net positive for for america um it gives us privileged access and it's exactly what allows
trump to like throw people around and i do not think that china just wants to be an equal like
i think china wants to be the next global top dog um and i i think probably if we go isolationist
and we step back, that'll probably happen,
but also we kind of have to and we probably should.
So it is what it is.
And let's just empower individuals in smaller communities
and reduce power in that way, like reduce centralized power,
because it has the same effect as the Chinese government
and the US government and every other government.
It inherently distributes power out and reduces corruption as a result
and hopefully and should increase human flourishing.
I'm looking at Polymarket now.
Polymarket thinks it's going to be a 25 bps decrease.
They're at 87%.
So 10% chance they think it's 50 bps.
So that would indicate...
That likelihood has increased though, right?
In the last 24 hours?
um no uh 50 bips seems to have gone down down interesting slightly ever so slightly it peaked
at 20.7 percent and now it's at uh 10.4 percent but that would also indicate i mean like and
polymark is just people betting on outcomes um but it would indicate that if there was a 50 bips
decrease a bigger decrease than expected um markets should jump even more because people
aren't expecting it yeah i can't wait till we have polymarket that actually uses bitcoin
or at least supports bitcoin i don't really care what it runs on but you should be able to send
Bitcoin.
Receive Bitcoin.
I think
they might support wrapped Bitcoin.
I've never used... Have you ever used
wrapped Bitcoin?
Never used wrapped Bitcoin, never used
Polymarket. Yeah, I've never used
Polymarket. I view the
markets, but I've never actually...
It's probably for the better.
I've been
on a streak betting you, so
I should just keep doing that.
Yeah, I'm going to think of... We've got to think of a bet soon.
I'm sort of getting the itch.
Don't worry, it'll come in waterfalls.
And then there'll be a bunch of bets,
and then we can vibe code a bet tracker.
Because I don't think, do we have anything outstanding right now?
Yeah, bit bonds.
Oh, you want to just send me the money now?
I'm holding out hope.
What is it?
Marty bets the USGov will issue bit bonds by the end of 2021.
oh and you bet me and beefsteak josh on that one ah fuck each 200 000 sats damn that's a big bet
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
we would each pay you 400 000 sats yeah if you win but you have to pay us each 200 000 sats if
you lose which you're gonna you're definitely gonna lose that one
we'll see we'll see secretary percent think about it okay oh dude we didn't have that there that was
crazy uh inter-cabinet cabinet squabbles or whatever can you like the quote was i feel like
i don't want to butcher it i saw you posted it right yeah so what's the exact quote that he said
He was like, let's step outside.
And Bill Bolte was like, what, to discuss or disagree with me?
He was like, no, I'm going to kick your ass.
Did he say kick your fucking ass?
Did he curse?
I think he did.
That's kind of unreal.
And bringing back dueling culture to...
What a timeline.
Here it is.
I have it.
It's either me or him, Basen said to Malek.
you tell me who's getting the fuck out of here
or he added we could go outside
and then Bill said to do what
to talk and he goes no
I'm going to fucking beat your ass
they're both on the
they're both on the cabinet together
or in the cabinet together
the alpha gay treasury secretary just
beaten
Bill Paltese's ass
pretty hilarious
yeah
that would be
that would be hilarious
and that
it was funny
like Malik
Omid
from 1786
Capital
I think they were at that
that new club
that they spun up
it's like 500 grand
to get in
yeah he's one of the owners
of the club
yeah
that's what makes it even funnier
it's like literally
the owner of the club
is trying to split it up
and that's
who he was telling
he was gonna
it's getting fraud
many people think
and there was rumors that Elon and Bessent got into it
obviously
black eye
many people think that Bessent may have
gotten physical with Elon
Bill Poulsey
it would be hilarious
if
Scott Bessent does have this
anger side because when he's in public
facing interviews.
He's very stoic and put together
and seems like a very,
very polite Southern gentleman,
but he's got a,
he's got a,
he's got a fighting side to him.
Pretty,
pretty funny if that's true.
He's just beating the shit
out of other cabinet members
behind the scenes.
It seems like it's true.
What a world,
what a timeline.
All right.
I can hear my boys coming in.
So I'm going to hang out with them.
Love it.
It's always a good plan.
All right.
Freaks.
Love you, freaks.
Heavy week.
A lot going on.
Focus on what you can control.
Try to stay civil.
Do not get dragged into the vitriol.
It's easy.
I'm guilty of it sometimes.
It's very appealing.
It's very easy.
it's very easy to fall into it
try to stay civil
stay above it
hug your families
stay on the stack sides
peace love breaks
okay