1 00:00:00,000 --> 00:00:08,980 what's up freaks listen matt and i have been running the show for seven and a half almost 2 00:00:08,980 --> 00:00:15,940 eight years we've created incredible community around rhr we enjoy coming back to the show 3 00:00:15,940 --> 00:00:21,540 week in and week out that's because we know that we're talking to other bitcoiners when we're on 4 00:00:21,540 --> 00:00:26,360 the show we know most of you have been holding for years alongside us and most importantly we 5 00:00:26,360 --> 00:00:28,460 No, you didn't stack just to liquidate. 6 00:00:29,240 --> 00:00:30,740 You know, you're hodling out there. 7 00:00:31,260 --> 00:00:33,360 The hodling means your wealth is locked up. 8 00:00:33,760 --> 00:00:35,460 Traditional finance wants you to sell. 9 00:00:35,840 --> 00:00:37,320 But that's not how us Bitcoiners think. 10 00:00:37,700 --> 00:00:39,740 And that is why this episode is sponsored by Strike. 11 00:00:40,180 --> 00:00:43,740 Strike built something exactly for you, which is their Bitcoin-backed loans. 12 00:00:44,180 --> 00:00:45,860 You borrow against what you already hold. 13 00:00:46,140 --> 00:00:46,720 You don't have to sell. 14 00:00:46,960 --> 00:00:47,720 Take a tax hit. 15 00:00:47,720 --> 00:00:52,300 You can tap into your Bitcoin liquidity using their Bitcoin-backed loans. 16 00:00:52,640 --> 00:00:53,600 So go download Strike. 17 00:00:54,040 --> 00:00:55,280 Use the code RHR. 18 00:00:55,280 --> 00:01:01,500 they've got an rhr code now and you're going to get 500 of fee free stacking to start download 19 00:01:01,500 --> 00:01:09,780 strike use the promo code rhr 500 fee free stacking out of the gate go to strike.me check it out 20 00:01:09,780 --> 00:01:14,840 this rip of rhr was brought to you by our good friends at coin kite they produce the cold card 21 00:01:14,840 --> 00:01:20,100 queue my favorite hardware wallet it's got two secure enclaves it's got a full screen full keyboard 22 00:01:20,100 --> 00:01:24,600 here as you can see if you're watching if you can't watch just imagine something that looks 23 00:01:24,600 --> 00:01:29,840 like a blackberry it allows you to create private public key pairs offline in an arrogant fashion 24 00:01:29,840 --> 00:01:36,960 never have to connect the cold card queue to an internet device you can sign transactions and 25 00:01:36,960 --> 00:01:42,880 psbt's remotely in the most secure fashion if you're a bitcoin power user and you're looking 26 00:01:42,880 --> 00:01:49,000 for the best security go pick up a cold card queue and go to coin kite.com find the cold card 27 00:01:49,000 --> 00:01:55,780 queue there i think you go to coldcard.com as well use the code rhr for five percent off step up your 28 00:01:55,780 --> 00:02:00,360 security get a cold card queue this route was also brought to you by our good friends at stackwork 29 00:02:00,360 --> 00:02:08,020 if you're looking for a great way to make kyc free sats stackwork has bounties go to stackwork.ai 30 00:02:08,020 --> 00:02:13,400 find their bounties page and contribute to the bounties you can make bitcoin kyc free for 31 00:02:13,400 --> 00:02:19,220 completing the bounties if you're a developer looking to scoop up some easy sets go check out 32 00:02:19,220 --> 00:02:25,100 the bounties contribute to them and stack some sets stackwork.ai this rip was brought to you by 33 00:02:25,100 --> 00:02:31,080 our official electrolyte sponsor here at rhr salt of the earth you've been hearing matt and i talk 34 00:02:31,080 --> 00:02:36,560 about it quite a bit i drink multiple packets up in a day you got to stay hydrated that's why my 35 00:02:36,560 --> 00:02:41,080 face looks so good so i'm getting buff i'm able to get to the gym more because i'm hydrated matt 36 00:02:41,080 --> 00:02:45,840 he's looking incredible I'm sure you've all noticed it you want to know why salt of the earth baby 37 00:02:45,840 --> 00:02:51,980 go to drinks saute.com use the code rhr you're gonna get 15 off I'm dead serious 38 00:02:51,980 --> 00:02:57,220 it hasn't made my life way better my wife she's right behind me right now laughing but she's 39 00:02:57,220 --> 00:03:02,260 laughing because she knows it's true she drinks like seven a day I drink a few a day maybe seven 40 00:03:02,260 --> 00:03:07,100 a day too Matt I don't even want to tell you how much he's drinking it's good it keeps you hydrated 41 00:03:07,100 --> 00:03:09,600 It keeps you alert, keeps you ready to go. 42 00:03:09,860 --> 00:03:11,380 DrinkSauté.com. 43 00:03:11,660 --> 00:03:14,920 That's D-R-I-N-K-S-O-T-E.com. 44 00:03:15,000 --> 00:03:18,000 Use the code RHR for 15% off any order. 45 00:03:24,820 --> 00:03:27,800 You've had a dynamic where money has become freer than free. 46 00:03:28,640 --> 00:03:33,560 When you talk about a Fed just gone nuts, all the central banks going nuts. 47 00:03:34,100 --> 00:03:35,760 So it's all acting like safe haven. 48 00:03:35,760 --> 00:03:43,140 I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. 49 00:03:43,240 --> 00:03:46,380 In the world of fiat currencies, Bitcoin is the victor. 50 00:03:47,100 --> 00:03:49,200 I mean, that's part of the bull case for Bitcoin. 51 00:03:49,680 --> 00:03:52,120 If you're not paying attention, you probably should be. 52 00:03:52,300 --> 00:03:52,820 You probably should be. 53 00:03:54,020 --> 00:03:55,180 Happy Thursday, everybody. 54 00:03:56,480 --> 00:03:59,520 Beautiful day here in Austin, Texas, here for the Bitcoin takeover. 55 00:04:00,960 --> 00:04:01,840 Warning, everybody. 56 00:04:02,180 --> 00:04:03,360 Short rip today, tight rip. 57 00:04:03,360 --> 00:04:08,840 I've got to get over to the event to lead a panel discussion on the Gentic payments. 58 00:04:09,980 --> 00:04:11,920 So we got a lot to talk about. 59 00:04:12,780 --> 00:04:16,080 Don't forget to remind them that it's not just about agents paying each other. 60 00:04:16,260 --> 00:04:19,640 It's agents paying humans and humans paying agents and agents paying agents. 61 00:04:19,740 --> 00:04:20,580 You're paying humans. 62 00:04:21,560 --> 00:04:21,740 Yeah. 63 00:04:23,100 --> 00:04:26,640 Actually, I recorded with our good friend, Paul Toy. 64 00:04:27,900 --> 00:04:28,800 I love that dude. 65 00:04:29,340 --> 00:04:30,000 Sponsor the show. 66 00:04:30,240 --> 00:04:30,940 Go support them. 67 00:04:31,860 --> 00:04:32,660 They're Hive. 68 00:04:33,360 --> 00:04:39,020 products that they're about to launch is very impressive. 69 00:04:39,160 --> 00:04:39,740 We talked about it. 70 00:04:39,800 --> 00:04:42,720 Brian Murray from Craft Ventures also joined us. 71 00:04:42,800 --> 00:04:43,940 He's on the board of Lightning Lab. 72 00:04:44,100 --> 00:04:46,980 So we talked a lot about that towards the end of our discussion as well. 73 00:04:47,220 --> 00:04:47,820 Brian's awesome. 74 00:04:48,640 --> 00:04:50,460 Both legends in their own right. 75 00:04:51,180 --> 00:04:51,400 Yeah. 76 00:04:53,220 --> 00:04:53,920 Good discussion. 77 00:04:54,040 --> 00:04:54,940 Vibes are high here in Austin. 78 00:04:58,060 --> 00:04:59,060 Yeah, a lot going on. 79 00:04:59,460 --> 00:05:00,640 Let's jump into the dashboard. 80 00:05:00,640 --> 00:05:03,040 than I'm sure many of you are aware. 81 00:05:03,260 --> 00:05:05,740 I'm going to fight with Coinbase on the internet, 82 00:05:05,920 --> 00:05:06,740 so I'll address that. 83 00:05:08,380 --> 00:05:11,440 Current price of Bitcoin is $70,470. 84 00:05:11,880 --> 00:05:14,720 One cuck buck is going to get you 1,419 sats. 85 00:05:14,840 --> 00:05:17,900 We're at a $1.41 trillion market cap. 86 00:05:18,060 --> 00:05:21,440 We're at block height 940,417. 87 00:05:22,180 --> 00:05:23,480 If you recall last week, 88 00:05:23,480 --> 00:05:27,300 there was a difficulty adjustment right before we jumped on air. 89 00:05:27,300 --> 00:05:38,640 And as of right now, we are 1,055 blocks away from the next difficulty adjustment estimated to be negative 4.4%. 90 00:05:38,640 --> 00:05:41,780 Blocks have been coming in at 10 minutes and 27 seconds on average. 91 00:05:42,740 --> 00:05:46,640 Looking like that, difficulty adjustment will be on March 20th. 92 00:05:46,640 --> 00:05:50,780 As of right now, we'll get Clark's Mempool, 6,242 transactions. 93 00:05:50,780 --> 00:05:53,760 We'll go over to mempool.space. 94 00:05:53,760 --> 00:05:55,940 we'll see that they have 95 00:05:55,940 --> 00:05:58,180 35,099 96 00:05:58,180 --> 00:05:59,180 transactions 97 00:05:59,180 --> 00:06:01,860 Mempool is pretty lively right now 98 00:06:01,860 --> 00:06:04,040 pretty busy right now 99 00:06:04,040 --> 00:06:05,740 if you have a high priority transaction 100 00:06:05,740 --> 00:06:07,860 you need a 5 sat per V byte 101 00:06:07,860 --> 00:06:09,100 transaction fee 102 00:06:09,100 --> 00:06:10,860 it looks like you need 103 00:06:10,860 --> 00:06:12,200 look at the block 104 00:06:12,200 --> 00:06:14,580 you need like 3.5 sat 105 00:06:14,580 --> 00:06:15,200 or something 106 00:06:15,200 --> 00:06:16,180 yeah 107 00:06:16,180 --> 00:06:20,260 very expensive 108 00:06:20,260 --> 00:06:22,460 it's the state of the network 109 00:06:22,460 --> 00:06:28,880 what does that cost it costs like 30 cents yeah 30 cents to send an infinite amount of money 110 00:06:28,880 --> 00:06:41,180 and marty congratulations episode 400 oh wow we did it we did it i forgot episode 400 400 times 111 00:06:41,180 --> 00:06:46,580 we've met together to talk about bitcoin kind of fucking wild it is we've met way more than that 112 00:06:46,580 --> 00:06:55,660 by the way but live on air 400 times yeah every week man every fucking week hey that's why sometimes 113 00:06:55,660 --> 00:07:00,480 you get us on our best sometimes you get us on our worst you know it is what it is it's how the 114 00:07:00,480 --> 00:07:07,280 cookie crumbles we're humans we are humans and you watch uh uh bruce almighty is that why you have 115 00:07:07,280 --> 00:07:12,940 what how the cookie crumbles in your mind no no but that's a classic i should watch that 116 00:07:12,940 --> 00:07:17,280 that's how the cookie crumbles i 117 00:07:17,280 --> 00:07:26,640 the uh let me pull up the live chat we have vague writer dive freak who's been here with us 118 00:07:26,640 --> 00:07:33,600 for maybe all 400 episodes uh with 10 000 sats says stay humble stack brian armstrong hypocrisy 119 00:07:33,600 --> 00:07:41,940 well i guess uh vague is creating a segue to the first topic i mean it was extensively covered 120 00:07:41,940 --> 00:07:47,520 on the internet on x specifically yesterday uh wrote about the newsletter a little talking 121 00:07:47,520 --> 00:07:56,940 head video but um don't have to rehash it i think i've said what um what uh has been brought to me 122 00:07:56,940 --> 00:08:01,520 which is two sources basically starting a couple weeks ago saying hey actually like months ago 123 00:08:01,520 --> 00:08:08,980 there was rumblings from people close to the hill that um the de minimis tax exemption for bitcoin 124 00:08:08,980 --> 00:08:12,620 was being pushed to the wayside for a de minimis tax exemption for stable coins, 125 00:08:12,740 --> 00:08:14,880 which doesn't make sense. 126 00:08:17,220 --> 00:08:20,440 And I had somebody reach out to me last week and say, 127 00:08:20,520 --> 00:08:23,720 hey, this is looking like it's Coinbase's lobbying team 128 00:08:23,720 --> 00:08:25,760 that may be pushing for this. 129 00:08:26,060 --> 00:08:27,540 Who knows the intention? 130 00:08:27,680 --> 00:08:29,380 Maybe they just want to get something across the line. 131 00:08:29,380 --> 00:08:34,420 Maybe Bitcoin de minimis tax exemption is too big of a hurdle to overcome 132 00:08:34,420 --> 00:08:37,260 to get some of the things they want in terms of concessions 133 00:08:37,260 --> 00:08:39,680 from the banking lobby for stable coin yield. 134 00:08:39,860 --> 00:08:42,740 Again, this is all speculation on the intention. 135 00:08:43,460 --> 00:08:45,960 And then yesterday morning, I had a second source 136 00:08:45,960 --> 00:08:50,000 basically reach out and validate and confirm 137 00:08:50,000 --> 00:08:58,280 that idea that Coinbase was the one stifling conversation 138 00:08:58,280 --> 00:09:01,660 around the minimus tax exemption for Bitcoin payments specifically. 139 00:09:03,100 --> 00:09:07,000 Yeah, so I reported on Twitter and Coinbase has responded 140 00:09:07,000 --> 00:09:07,840 and denying it. 141 00:09:09,360 --> 00:09:09,960 And you know what, 142 00:09:10,020 --> 00:09:10,380 leave it at that. 143 00:09:10,420 --> 00:09:11,860 I'm just happy the conversation is being had 144 00:09:11,860 --> 00:09:13,840 and more people are being brought into the fold 145 00:09:13,840 --> 00:09:16,080 and it's being brought top of mind. 146 00:09:16,160 --> 00:09:16,800 And on top of that, 147 00:09:16,840 --> 00:09:21,060 I think many people are also trying to ensure 148 00:09:21,060 --> 00:09:24,360 that the BRCA language, 149 00:09:24,360 --> 00:09:26,200 which would protect open source developers 150 00:09:26,200 --> 00:09:29,360 and self-custody gets included 151 00:09:29,360 --> 00:09:30,360 in the market structure bill. 152 00:09:30,480 --> 00:09:31,240 And I think to clarify, 153 00:09:31,660 --> 00:09:36,240 I had one misstatement in the response 154 00:09:36,240 --> 00:09:37,640 I had to Brian Armstrong last night, 155 00:09:37,740 --> 00:09:39,060 which was de minimis tax exemption 156 00:09:39,060 --> 00:09:40,740 being part of the market structure bill. 157 00:09:40,780 --> 00:09:41,720 I don't think that's being discussed. 158 00:09:41,820 --> 00:09:42,460 I think it's separate. 159 00:09:43,240 --> 00:09:45,040 Tax policy is separate for the market structure. 160 00:09:45,200 --> 00:09:47,180 But I think you can make the argument 161 00:09:47,180 --> 00:09:50,460 that de minimis tax exemption 162 00:09:50,460 --> 00:09:53,240 does contribute to market structure. 163 00:09:53,240 --> 00:09:57,440 If you have people feeling better 164 00:09:57,440 --> 00:09:58,400 about spending Bitcoin, 165 00:09:58,960 --> 00:09:59,900 it certainly contributes 166 00:09:59,900 --> 00:10:01,060 to some part of the market structure, 167 00:10:01,200 --> 00:10:03,080 but it's semantics. 168 00:10:04,020 --> 00:10:05,940 So yeah, interesting day on the internet. 169 00:10:06,240 --> 00:10:12,760 Yeah, I mean, look, it's obvious. 170 00:10:12,760 --> 00:10:15,740 It's been obvious for a while to anyone paying attention 171 00:10:15,740 --> 00:10:19,880 that Coinbase does not care about Bitcoin as payments, tech, 172 00:10:20,280 --> 00:10:21,940 or Bitcoin as money for that matter. 173 00:10:22,460 --> 00:10:27,060 And they barely prioritize Bitcoin as a store of value asset. 174 00:10:27,560 --> 00:10:30,400 They're mostly just neck deep in shitcoin land. 175 00:10:31,580 --> 00:10:35,540 Their Coinbase commerce product and their Coinbase wallet 176 00:10:35,540 --> 00:10:39,520 have really poor Bitcoin support. 177 00:10:39,860 --> 00:10:41,760 I think the commerce piece alone 178 00:10:41,760 --> 00:10:44,080 doesn't actually allow you to accept Bitcoin. 179 00:10:44,900 --> 00:10:47,800 You can accept wrapped Bitcoin on Ethereum or base, 180 00:10:48,000 --> 00:10:51,700 but you can't accept real Bitcoin, is my understanding. 181 00:10:52,380 --> 00:10:54,760 Or at least that's how it was when it launched. 182 00:10:56,200 --> 00:11:01,080 On the surface, USD tokens getting de minimis tax exemption 183 00:11:01,080 --> 00:11:03,800 seems just like a retarded concept 184 00:11:03,800 --> 00:11:08,600 because they're supposed to be stable one-to-one against the US dollar. 185 00:11:09,140 --> 00:11:13,800 But just for context for people, particularly in the DeFi world, 186 00:11:14,280 --> 00:11:19,060 all these things trade at small discounts or premiums to a dollar. 187 00:11:19,340 --> 00:11:25,820 It's never exactly a dollar, which is why presumably they want that written in law 188 00:11:25,820 --> 00:11:28,320 that says that those are tax exempt. 189 00:11:28,800 --> 00:11:33,460 Even though the tax burden for something like that should be already de minimis 190 00:11:33,460 --> 00:11:37,120 because if it's actually working as a USD token, it should be $1. 191 00:11:39,120 --> 00:11:40,500 So all that makes sense. 192 00:11:40,680 --> 00:11:44,680 I mean, people can extrapolate how they want to extrapolate. 193 00:11:45,280 --> 00:11:51,540 I think the more likely scenario here is that it's clearly just not a priority for Coinbase, 194 00:11:51,540 --> 00:11:54,140 and it is a hot-button issue. 195 00:11:55,020 --> 00:12:00,220 Anytime you're trying to reduce taxes for American citizens, 196 00:12:00,220 --> 00:12:05,020 a lot of interest will want to stop that from happening. 197 00:12:07,280 --> 00:12:13,640 So I think it's rightfully assumed that it will be a big fight to get any kind of de 198 00:12:13,640 --> 00:12:16,240 minimis Bitcoin exemption passed. 199 00:12:16,240 --> 00:12:19,020 I know it's a major focus for Bitcoin Policy Institute. 200 00:12:19,920 --> 00:12:22,580 And it's frustrating to see industry players not... 201 00:12:22,580 --> 00:12:35,380 I think there's a lot of calls for Bitcoiners to be nicer or be more allied with the greater 202 00:12:35,380 --> 00:12:40,460 crypto industry. But time and time again, we see the opposite happen, which is they throw 203 00:12:40,460 --> 00:12:46,280 Bitcoin users under the bus who want to use Bitcoin in a freedom-oriented way for their 204 00:12:46,280 --> 00:12:51,520 own gains. And the Clarity Act is a perfect example of that. The open source developer 205 00:12:51,520 --> 00:12:57,760 protection is incredibly important, sidelined. Bitcoin de minimis, extremely important, 206 00:12:58,080 --> 00:13:07,680 sidelined. It's a predatory tax setup. And then the last piece, I mean, any kind of protection for 207 00:13:07,680 --> 00:13:14,280 self-custody, using your own node, that type of thing, oftentimes sidelined. And the focus is, 208 00:13:14,280 --> 00:13:19,880 how can we dump as many shitcoins on retail as possible? And that has always been their priority 209 00:13:19,880 --> 00:13:21,400 and will continue to be their priority. 210 00:13:22,780 --> 00:13:22,960 Yeah. 211 00:13:23,200 --> 00:13:26,220 And I will say, as it relates to the BRCA, 212 00:13:26,680 --> 00:13:30,980 Senator Lummis did respond to Frank Corver's tweet 213 00:13:30,980 --> 00:13:33,540 saying that that is misinformation 214 00:13:33,540 --> 00:13:37,320 or that's not accurate as of right now. 215 00:13:37,640 --> 00:13:39,880 The current state of the bill includes BRCA. 216 00:13:40,300 --> 00:13:41,520 So that's good. 217 00:13:41,520 --> 00:13:44,980 Yeah, hoping that sticks through the end. 218 00:13:45,900 --> 00:13:48,300 I mean, to be clear, as it currently stands, 219 00:13:48,300 --> 00:13:56,280 that's basically the only piece of the bill that's actually beneficial to bitcoiners 220 00:13:56,280 --> 00:14:01,960 um for bitcoiners that want to use bitcoin and freedom or interway everything else is designed 221 00:14:01,960 --> 00:14:08,660 to help shitcoin casinos this is effectively what the bill is right now yeah and we're thinking 222 00:14:08,660 --> 00:14:12,460 about tactics here too i think i i think it was uh it's actually funny i learned the tactic from 223 00:14:12,460 --> 00:14:17,140 brian armstrong himself because i think he actually did a very good job of highlighting 224 00:14:17,140 --> 00:14:22,580 that if you draw a line in the stand and you say like hey this is my line like they will negotiate 225 00:14:22,580 --> 00:14:27,840 and get to the table and he did that i think last month or a couple months ago when he said hey i'd 226 00:14:27,840 --> 00:14:33,400 rather have no bill than a bad bill and it seems like it forced the banking lobby and others to get 227 00:14:33,400 --> 00:14:38,540 to the table it's i think from what i'm seeing they're going to get concessions on the stable 228 00:14:38,540 --> 00:14:44,740 coin yield and so i think just using a similar tactic as it pertains to bitcoin to minimus tax 229 00:14:44,740 --> 00:14:46,560 exemptions is a good move. 230 00:14:48,500 --> 00:14:50,860 Look, I think in general, when you see things 231 00:14:50,860 --> 00:15:07,724 that are happening behind closed doors and are not productive it better to have open dialogue and conversation about them and bring them out into the open So kudos to you on that Agreed Yeah I was not expecting it to become as big of a thing as it did 232 00:15:07,964 --> 00:15:09,124 but here we are. 233 00:15:10,744 --> 00:15:12,684 Yeah, I mean, we've talked about this in the past, 234 00:15:12,704 --> 00:15:14,724 and you alluded to it earlier, but ideally, 235 00:15:15,764 --> 00:15:19,184 we can just use Bitcoin as money, like the capital gains tax. 236 00:15:19,184 --> 00:15:20,104 We've said this many times. 237 00:15:20,284 --> 00:15:22,244 It's a predatory tax, a tax on savings. 238 00:15:22,244 --> 00:15:24,924 It doesn't make sense from first principles. 239 00:15:25,344 --> 00:15:41,044 And I think especially when you consider the state of the country right now, it's becoming harder and harder to justify paying any tax, let alone a capital gains tax on Bitcoin spends. 240 00:15:42,064 --> 00:15:46,764 It also goes hand in hand with the war against financial privacy, right? 241 00:15:46,764 --> 00:15:53,104 Right. The only the and they oftentimes will not say this part out loud. 242 00:15:53,404 --> 00:16:05,784 Right. But the reason the one of the main reason financial privacy is either directionally criminalized or just outright criminalized is because of enforcement of these types of taxes. 243 00:16:05,784 --> 00:16:15,144 They need they need massive burdensome surveillance mechanisms in place in order to make sure that those taxes are collected. 244 00:16:15,144 --> 00:16:42,164 So if you remove that incentive, financial privacy across the board should get significant improvement. And yeah, I mean, they're taxing the hell out of us. They're printing tons of money. They're doing foreign wars. They're spending in corrupt ways. Like this is not how a well-run society is operated. Yeah. 245 00:16:42,164 --> 00:16:48,904 I said this last night in the newsletter on my talk head video. 246 00:16:49,084 --> 00:16:53,684 I think at the very least, the government has to throw the people a bone. 247 00:16:54,064 --> 00:16:56,244 What's happening in the Middle East and the straighter news, 248 00:16:56,544 --> 00:17:02,284 I think despite what the Trump administration would try to lead the public to believe, 249 00:17:02,364 --> 00:17:07,024 it's becoming abundantly clear that there's going to be massive energy supply chain 250 00:17:07,024 --> 00:17:14,724 and then byproduct supply chain, just massive, broad supply chain disruptions that are emanating 251 00:17:14,724 --> 00:17:17,484 from this war in the Middle East. 252 00:17:17,844 --> 00:17:21,784 And at the same time, you have this private credit bubble exploding. 253 00:17:21,784 --> 00:17:27,744 I think in the last eight days, I mean, BlackRock, or Morgan Stanley, excuse me, BlackRock 254 00:17:27,744 --> 00:17:28,444 came out last week. 255 00:17:28,504 --> 00:17:29,084 We already covered that. 256 00:17:29,144 --> 00:17:33,344 But Morgan Stanley came out yesterday and gated redemptions in one of their private credit 257 00:17:33,344 --> 00:17:33,624 funds. 258 00:17:33,624 --> 00:17:37,524 So you have this scenario where you're blowing up all these supply chains. 259 00:17:37,844 --> 00:17:49,464 You're attacking energy supply chains, which is going to drive up the cost of gas and just energy, which is the raw input of the global economy. 260 00:17:50,244 --> 00:17:55,644 Then you're taking LNG out, which is taking helium out, which has an effect on chips. 261 00:17:55,644 --> 00:17:57,744 some of the byproducts of these oil gas 262 00:17:57,744 --> 00:18:01,344 processes are 263 00:18:01,344 --> 00:18:04,984 critical to fertilizer and so many people are talking about like a potential 264 00:18:04,984 --> 00:18:10,064 food shortage like little crop shortage at the fall of this year 265 00:18:10,064 --> 00:18:13,244 because we don't have enough fertilizer getting to market I mean 266 00:18:13,244 --> 00:18:17,564 it's just a reminder and we've been saying this in 267 00:18:17,564 --> 00:18:21,824 direct text to each other all week it's just like very reminiscent of 268 00:18:21,824 --> 00:18:29,044 early covid um before yeah everybody got on to what's happening and i think we're going to find 269 00:18:29,044 --> 00:18:34,944 ourselves in a situation later this year where you have inflation running rampant because of 270 00:18:34,944 --> 00:18:40,504 these supply chain disruptions and then at the same time um you're going to have to have a bail 271 00:18:40,504 --> 00:18:47,744 out of the financial sector because this private credit situation is quickly cascading and they're 272 00:18:47,744 --> 00:18:52,164 going to need to bail them out because it's becoming abundantly clear that a lot of these 273 00:18:52,164 --> 00:18:58,064 private credit funds have a ton of pension money. You have boomers retiring expecting that. 274 00:18:58,964 --> 00:19:05,364 I don't think you can have the political double whammy of a war, a new war in the Middle East and 275 00:19:05,364 --> 00:19:09,644 retirees losing all their pension money at the same time. They're going to have to print 276 00:19:09,644 --> 00:19:12,564 the supply chain. Inflation is going to be exacerbated by money printing. 277 00:19:13,504 --> 00:19:17,704 Long-winded way of saying the government has to throw the people a bone and allow us 278 00:19:17,704 --> 00:19:19,264 to opt into better money. 279 00:19:21,204 --> 00:19:22,764 Get off our backs. 280 00:19:22,764 --> 00:19:25,384 Long-winded way of saying mandibles than Bitcoin standard. 281 00:19:28,264 --> 00:19:30,484 It definitely feels like pre-COVID 282 00:19:30,484 --> 00:19:32,424 before the normies panicked. 283 00:19:32,424 --> 00:19:35,744 And there's a bunch of different variables at play. 284 00:19:36,744 --> 00:19:39,684 But if you just threw out all the variables, 285 00:19:39,684 --> 00:19:43,984 and by the way, you left out AI leading to massive job loss. 286 00:19:43,984 --> 00:19:46,864 Which I think is definitely playing out as well. 287 00:19:47,704 --> 00:19:55,324 If you isolate all the variables out of the war right now and just focus on energy prices, the market hasn't panicked yet. 288 00:19:56,424 --> 00:19:58,304 Forget about all the knock-on effects. 289 00:19:59,024 --> 00:20:00,324 I mean, there's going to be a ton of them. 290 00:20:00,324 --> 00:20:05,944 Like you said, chips and food and everything else and just general supply shortages across the board. 291 00:20:05,944 --> 00:20:23,684 But just energy prices alone and the amount of refineries and other infrastructure that have been damaged or straight up destroyed, the people that participate in the market have not taken it in yet. 292 00:20:24,364 --> 00:20:28,244 It 100% feels like the calm before March 2020. 293 00:20:28,244 --> 00:20:56,204 Yeah. It feels like the period of time when it's funny how we all had this immediate reversal. We were the first to panic, put a mask on. I remember walking through the Whole Foods in Williamsburg on March 1st and we're loading up. I have a mask on. My wife was like, we look crazy right now. I was like, baby, don't worry. People are going to freak out in a couple weeks. We're at that point right now. 294 00:20:56,204 --> 00:21:00,424 What was the catalyst that led to people freaking out? 295 00:21:00,904 --> 00:21:03,124 It's funny how the timeline's lining up, too. 296 00:21:03,564 --> 00:21:05,344 It's not going to happen exactly the same way, 297 00:21:05,364 --> 00:21:07,664 but the catalyst that led to everybody freaking out 298 00:21:07,664 --> 00:21:10,864 was the canceling of the March Madness tournament. 299 00:21:11,684 --> 00:21:12,964 No, it was the NBA, too. 300 00:21:13,244 --> 00:21:13,644 Didn't the NBA? 301 00:21:13,644 --> 00:21:15,184 It was like, yeah. 302 00:21:16,724 --> 00:21:19,704 Yeah, I think it was like a jazz game. 303 00:21:19,944 --> 00:21:20,844 It was like the first one. 304 00:21:20,884 --> 00:21:22,484 It'd be like, we're canceling the March Madness. 305 00:21:22,584 --> 00:21:24,424 It was like, we're not going through with it. 306 00:21:24,424 --> 00:21:28,644 and then people started freaking out they kind of know like canceling sports 307 00:21:28,644 --> 00:21:36,904 so like what is what is the uh what is the parallel to that this time around um 308 00:21:36,904 --> 00:21:44,184 i saw ed dow tweeting about it but thailand um i'm not sure if you caught this headline but like 309 00:21:44,184 --> 00:21:50,904 the thai government basically sent out a directive uh for companies to tell their 310 00:21:50,904 --> 00:21:55,304 employees to work from home because they don't want to exacerbate the electricity 311 00:21:55,304 --> 00:21:59,364 grid. So the concept of energy lockdowns 312 00:21:59,364 --> 00:22:02,424 coming to... Yeah, I mean, hopefully 313 00:22:02,424 --> 00:22:07,304 we don't have to fight against lockdowns again. I hope it's not that 314 00:22:07,304 --> 00:22:09,684 directly one-to-one, but 315 00:22:09,684 --> 00:22:13,804 at the very least, market panic, 316 00:22:17,004 --> 00:22:19,704 recession, elevated, 317 00:22:19,704 --> 00:22:23,124 maybe turns into even more than a recession, a depression. 318 00:22:23,304 --> 00:22:24,384 I don't know what you want to call it. 319 00:22:25,024 --> 00:22:27,384 And then massive printing, right? 320 00:22:29,344 --> 00:22:33,384 But it does feel that same feeling of like sleepwalking into it. 321 00:22:34,784 --> 00:22:37,964 And who knows, maybe in another two months, 322 00:22:37,964 --> 00:22:40,764 then we're going to be on the tip of the spear being like, 323 00:22:40,844 --> 00:22:43,604 these lockdowns are ridiculous and it's going to be all over again. 324 00:22:43,604 --> 00:22:45,144 It's just internal September. 325 00:22:45,144 --> 00:22:52,304 uh but it does it feel i like i said just people are hurting out there this is something we've 326 00:22:52,304 --> 00:22:59,744 talked about constantly over the last year two years and it's just gotten worse and worse and 327 00:22:59,744 --> 00:23:05,804 then you do you just all you do is increase energy prices significantly forget all the other once 328 00:23:05,804 --> 00:23:12,284 again forget all the other knock-on effects and it's just brutal it's just massive um and 329 00:23:12,284 --> 00:23:18,704 most people are just not paying attention if you're on x or nostr or you're monitoring the 330 00:23:18,704 --> 00:23:24,744 situation you are one of the few you're in a little bubble most people have no idea 331 00:23:24,744 --> 00:23:34,704 uh and also it's crazy for a modern war how much how hard it is to get good information right now 332 00:23:34,704 --> 00:23:41,004 the fog of war is very strong so even the people that are paying attention you have to 333 00:23:41,004 --> 00:23:46,444 you have to work for it there's a lot of fake news out there there's a lot of just quiet 334 00:23:46,444 --> 00:23:51,484 where you're not getting real information um i saw uh 335 00:23:53,884 --> 00:24:01,884 i mean by the way this is interesting timing too um senate democrats or house democrats i don't know 336 00:24:01,884 --> 00:24:09,804 democrats are trying to push through a bill uh banning war markets on polymarket and 337 00:24:11,004 --> 00:24:17,504 Right now, it's one of the few avenues of quality information on what's going on. 338 00:24:18,024 --> 00:24:19,664 And of course, they want to block that avenue. 339 00:24:20,004 --> 00:24:21,744 They don't want you to know what's going on over there. 340 00:24:21,784 --> 00:24:22,704 They don't want you to know. 341 00:24:23,504 --> 00:24:25,224 I feel like the Democrats want you to know. 342 00:24:27,604 --> 00:24:28,364 I don't know. 343 00:24:29,044 --> 00:24:29,444 Yeah. 344 00:24:30,324 --> 00:24:34,984 I think they're all, for these types of things, they're all one party. 345 00:24:35,604 --> 00:24:35,804 Yeah. 346 00:24:36,704 --> 00:24:40,504 I mean, I'm getting like, I don't know if you're picking, I'm getting like mad king 347 00:24:40,504 --> 00:24:45,324 vibes from trump did you see that thing like like rally last night like talking about the 348 00:24:45,324 --> 00:24:50,044 word bringing up logan paul it's like what the fuck is going on right now what about the shoes 349 00:24:50,044 --> 00:24:58,064 did you see the shoes no he's like buying everyone in his cabinet the specific pair of 145 shoes but 350 00:24:58,064 --> 00:25:04,484 he's not asking them their sizes he's just winging it so like the whole cabin is walking around in 351 00:25:04,484 --> 00:25:08,844 these shoes they're most of them don't fit them and specifically like rubio's shoes are like 352 00:25:08,844 --> 00:25:10,264 are an inch too big. 353 00:25:10,664 --> 00:25:12,324 He's swimming in the shoes, 354 00:25:12,724 --> 00:25:14,684 but he doesn't want to not wear the shoes 355 00:25:14,684 --> 00:25:16,144 because Trump gave them to him. 356 00:25:16,904 --> 00:25:18,864 Yeah. I don't see that. 357 00:25:19,204 --> 00:25:20,304 I did not see that. 358 00:25:21,084 --> 00:25:22,224 The shoes. Shoe gate. 359 00:25:23,064 --> 00:25:24,344 It's getting very weird out there. 360 00:25:24,944 --> 00:25:25,984 Very, very weird. 361 00:25:27,144 --> 00:25:27,484 But 362 00:25:27,484 --> 00:25:30,504 don't fear. Do not fear. Do not fret. 363 00:25:31,344 --> 00:25:32,444 Focus on what you can control. 364 00:25:35,564 --> 00:25:36,864 I would load up on 365 00:25:36,864 --> 00:25:42,464 quarter calf half calf uh or plan to in the next couple months like our freezers 366 00:25:42,464 --> 00:25:48,224 halfway empty and i think i'll probably buy another quarter or half here the next month or two 367 00:25:48,224 --> 00:25:58,184 we have so much meat we're ready to go never been in a more secure situation to be honest 368 00:25:58,184 --> 00:26:05,244 yeah um that being said other stuff to talk about world is crazy but 369 00:26:05,244 --> 00:26:09,024 stuff is happening in bitcoin too what can we do what can we focus on what can we build 370 00:26:09,024 --> 00:26:13,924 again like i said earlier we have an opt-out option i didn't say that explicitly but we do 371 00:26:13,924 --> 00:26:19,704 have an opt-out option in bitcoin and particularly if you secure your own private public key pairs 372 00:26:19,704 --> 00:26:26,444 and cold card just released the mk5 bigger screen fantastic keypad it's got faster nfc backwards 373 00:26:26,444 --> 00:26:34,964 compatible for seamless upgrade uh comes with quantum bitcoin awesomeness so this has been a 374 00:26:35,244 --> 00:26:42,864 uh from getting insight into the build process for this and i think uh it's great to finally 375 00:26:42,864 --> 00:26:47,344 see it at the market and then on top of that obviously it comes with all the firmware uh 376 00:26:47,344 --> 00:26:53,024 incredible firmware that comes comes with cold card as well i forgot to link they have they came 377 00:26:53,024 --> 00:27:02,064 out by the way freaks i know i said uh i would post the list to uh nostr going forward so you 378 00:27:02,064 --> 00:27:07,724 don't have to check youtube i put it in the live chat for this week um maybe that's what i'll do 379 00:27:07,724 --> 00:27:13,804 going forward but uh we were just in a rush to get this list together like we said we had a very 380 00:27:13,804 --> 00:27:20,844 tight rip but cold card also came out with a new firmware uh late last week which i'm trying to look 381 00:27:20,844 --> 00:27:29,404 up um i mean the big highlight was uh they made signing proof of reserves much easier 382 00:27:29,404 --> 00:27:34,444 improving ownership of funds using PSPTs, which is great to see. 383 00:27:34,944 --> 00:27:38,404 The MK5, yeah, I mean, 384 00:27:38,584 --> 00:27:40,964 NVK has been talking to us about the design process 385 00:27:40,964 --> 00:27:42,464 and the manufacturing for a while. 386 00:27:43,704 --> 00:27:45,024 I'm quite excited about it. 387 00:27:45,064 --> 00:27:46,724 I personally love the small form factor. 388 00:27:46,844 --> 00:27:47,924 I think the Q is great. 389 00:27:49,504 --> 00:27:52,184 The big keyboard, specifically, if you're using passphrases, 390 00:27:52,184 --> 00:27:54,784 is really fantastic in the QR code reader. 391 00:27:54,784 --> 00:28:02,544 but in terms of discreteness and size, I love how small the MK4 is. 392 00:28:02,804 --> 00:28:06,544 And so the MK5 is just a nice, really nice hardware improvement 393 00:28:06,544 --> 00:28:09,224 in terms of build quality and screen size. 394 00:28:09,424 --> 00:28:11,444 And they're using Gorilla Glass now on the screen. 395 00:28:12,144 --> 00:28:14,484 So I think it'll be pretty awesome. 396 00:28:15,224 --> 00:28:19,604 To be clear, security-wise, you're looking at the similar security 397 00:28:19,604 --> 00:28:22,984 between the MK5 and the Q. 398 00:28:22,984 --> 00:28:29,084 um so it really comes down to to what you want form factor wise choose your form factor 399 00:28:29,084 --> 00:28:38,104 play around with both um use code rh for a discount yeah coldcard.com 400 00:28:38,104 --> 00:28:43,084 go check it out um next up on the list we've got 401 00:28:43,084 --> 00:28:50,784 uh interested to get your thoughts on this because uh obviously many people report on this tftc 402 00:28:50,784 --> 00:28:57,104 included but then the rage came out but last week u.s treasury uh released a report that acknowledged 403 00:28:57,104 --> 00:29:03,104 the legitimate privacy uses for for crypto mixers like coin joint implementations and um 404 00:29:04,464 --> 00:29:10,784 protocols like tornado cash i don't think they named them uh explicitly but i think there there 405 00:29:10,784 --> 00:29:17,984 was a section in this report that that highlighted like hey we recognize that um there is a need for 406 00:29:17,984 --> 00:29:24,364 financial privacy between businesses, their employees, consumers, and merchants they're 407 00:29:24,364 --> 00:29:25,064 interacting with. 408 00:29:25,224 --> 00:29:33,304 And so it does make sense that people would use these tools to attain a degree of privacy 409 00:29:33,304 --> 00:29:36,444 while transacting with Bitcoin and other cryptocurrencies. 410 00:29:36,964 --> 00:29:37,764 That was good to see. 411 00:29:37,764 --> 00:29:43,484 But Lola and the team at The Rage basically said, hey, don't take that small snippet. 412 00:29:43,564 --> 00:29:44,344 Read the whole report. 413 00:29:44,344 --> 00:29:49,344 and they were saying that other language that was included in the report 414 00:29:49,344 --> 00:29:53,604 pertained to something that we've been covering since the crypto brief 415 00:29:53,604 --> 00:30:05,608 was released last summer from the crypto team David Sachs and everybody working for him And it was the inclusion of extending the Patriot Act to cover digital assets 416 00:30:05,608 --> 00:30:09,448 And it seems like that's still on the table as well. 417 00:30:11,308 --> 00:30:13,708 Yeah, I mean, look, this is the frustrating part, right? 418 00:30:13,748 --> 00:30:18,568 You constantly see like, I don't want to say virtue signaling, 419 00:30:18,768 --> 00:30:21,868 but it feels like virtue signaling towards financial privacy. 420 00:30:21,868 --> 00:30:26,588 And then the brass tacks is they throw people in jail. 421 00:30:27,248 --> 00:30:28,868 The samurai devs are still in jail. 422 00:30:29,528 --> 00:30:34,328 The next story I have on the list is they're still going after Tornado Cash founder. 423 00:30:35,468 --> 00:30:37,588 They're planning on a retrial now. 424 00:30:39,708 --> 00:30:42,828 So actions speak louder than words. 425 00:30:43,068 --> 00:30:48,068 And it's easy to pull out small pieces of a treasury report 426 00:30:48,068 --> 00:30:53,088 and post the most positive reaction to it as engagement bait on social media. 427 00:30:53,088 --> 00:30:58,748 And you will get a lot more engagement if you do that than if you add any kind of nuance. 428 00:30:59,468 --> 00:31:02,768 But the reality is much messier and much worse. 429 00:31:03,148 --> 00:31:12,588 And this is why it's incredibly important that we learn from the early cypherpunk movement 430 00:31:12,588 --> 00:31:15,428 when it came to encryption and open source encryption tech 431 00:31:15,428 --> 00:31:18,208 that this fight needs to be fought on two fronts. 432 00:31:18,368 --> 00:31:22,368 It needs to be fought on a policy front and a legal front, 433 00:31:22,548 --> 00:31:25,548 as well as on the tool side. 434 00:31:25,628 --> 00:31:28,028 We need the tools to be easier and more accessible than ever. 435 00:31:29,708 --> 00:31:32,948 But also in the countries that we live in, 436 00:31:32,948 --> 00:31:38,668 we need to do whatever means necessary to get the government off of our backs 437 00:31:38,668 --> 00:31:41,308 and to keep us out of the gulags. 438 00:31:41,308 --> 00:31:57,568 And so as an American, as someone who is building a family here and building businesses and various projects in America, it's incredibly important to me that we can at least partially remove the government from our threat model. 439 00:31:57,568 --> 00:32:07,368 It's absolutely insane that the most likely way Bitcoiners operating in America can have their lives ruined is our own government. 440 00:32:08,208 --> 00:32:11,868 And there's tangible wins that can be had. 441 00:32:12,588 --> 00:32:15,508 And people are fighting the good fight, but it's a fucking grind. 442 00:32:16,868 --> 00:32:17,348 It is a grind. 443 00:32:18,548 --> 00:32:19,768 It is insane. 444 00:32:20,328 --> 00:32:24,808 Again, the Patriot is just going in the wrong direction. 445 00:32:24,808 --> 00:32:31,808 The Patriot Act is, I think, an aberration and a stain on the history of the United States, if you believe it to be. 446 00:32:32,368 --> 00:32:40,388 A country founded on the ideals of freedom, sovereignty, and the ability to live your life the way you want as long as you're not harming others. 447 00:32:40,388 --> 00:32:54,748 The Patriot Act just threw this dragnet surveillance apparatus on top of American citizens and global humans around the globe, for that matter. 448 00:32:54,808 --> 00:33:01,268 and the thought that the government just wants to keep extending those capabilities 449 00:33:01,268 --> 00:33:08,048 and those capabilities that infringe on freedom, privacy, and sovereignty 450 00:33:08,048 --> 00:33:13,688 and the right to go about your life, again, as long as you're not harming anybody 451 00:33:13,688 --> 00:33:18,988 without the government intervening and stepping in is disconcerting. 452 00:33:18,988 --> 00:33:25,008 I think anybody on the Hill, hey, maybe you're seeing this live. 453 00:33:25,268 --> 00:33:34,148 Maybe you're watching it after because you saw the kerfuffle on X yesterday between myself, others, and the Coinbase team. 454 00:33:34,368 --> 00:33:35,728 You're trying to get that perspective. 455 00:33:35,968 --> 00:33:45,508 Well, we have a range of perspectives in terms of policy oriented towards Bitcoin and just broader policy oriented towards American citizens. 456 00:33:45,888 --> 00:33:47,568 We should not be extending the Patriot Act. 457 00:33:47,568 --> 00:33:48,448 We should be working too. 458 00:33:48,988 --> 00:33:56,588 remove it from our lives yeah look we're not asking uh coinbase is asking for special favors 459 00:33:56,588 --> 00:34:03,708 for their business we're not asking for special favors uh for for the businesses uh that we invest 460 00:34:03,708 --> 00:34:15,308 in what we're asking for is um common sense rules that um benefit america as a whole like you want 461 00:34:15,308 --> 00:34:21,148 to see America be the Bitcoin capital of the world. You want us to be the AI powerhouse of 462 00:34:21,148 --> 00:34:27,228 the world. And these things go hand in hand with not criminalizing your own citizens and not going 463 00:34:27,228 --> 00:34:36,188 after people that are productive humans in our society. The ultimate goal should be aligned if 464 00:34:36,188 --> 00:34:40,988 you're not a corrupt politician. Unfortunately, most of them are corrupt. I will say 465 00:34:40,988 --> 00:34:45,248 there are some bright spots 466 00:34:45,248 --> 00:34:48,368 and hopefully we can nail some wins here. 467 00:34:49,468 --> 00:34:51,448 But the ask is simple. 468 00:34:51,568 --> 00:34:52,668 Do what's best for America. 469 00:34:52,868 --> 00:34:54,328 Don't do what's best for your pockets. 470 00:34:56,148 --> 00:34:56,308 Yeah. 471 00:34:58,208 --> 00:34:59,708 We shouldn't have to ask it, 472 00:34:59,748 --> 00:35:00,528 but as you mentioned, 473 00:35:01,288 --> 00:35:03,048 we find ourselves in a situation here 474 00:35:03,048 --> 00:35:05,468 in 2026 where, 475 00:35:06,108 --> 00:35:09,508 unfortunately, we were obliged to ask for that. 476 00:35:09,508 --> 00:35:15,908 um moving on as you mentioned uh there's a retrial of roman storm in the tornado cash case 477 00:35:16,708 --> 00:35:26,708 uh doj sdny still coming after him for those who uh forget or unaware he was trialed tried um and 478 00:35:26,708 --> 00:35:33,748 um judged by a jury of his peers and they basically said they could not claim that he was guilty when 479 00:35:33,748 --> 00:35:38,308 they didn't claim he was innocent either i think they said they did not feel confident to it was a 480 00:35:38,308 --> 00:35:38,928 It was a hung jury. 481 00:35:39,468 --> 00:35:41,348 It was a hung jury on two particular accounts. 482 00:35:42,468 --> 00:35:51,888 And so DOJ, coming back at it again, Roman, you have a link from Amanda Tums here, 483 00:35:51,968 --> 00:35:55,448 but I would highly recommend everybody go to Roman Storm's Twitter page 484 00:35:55,448 --> 00:35:59,008 and read his tweet about the situation. 485 00:35:59,328 --> 00:36:00,548 I mean, he's got to get to see the other thing. 486 00:36:00,628 --> 00:36:01,848 It's like this guy's got a young daughter. 487 00:36:01,848 --> 00:36:07,048 He just built software that allowed people to find financial privacy. 488 00:36:07,048 --> 00:36:13,428 They're trying to say that he enabled terrorists to do it. 489 00:36:14,028 --> 00:36:16,548 I mean, the Lazarus Group was using Tornado Cash. 490 00:36:16,668 --> 00:36:17,408 I think that's a fact. 491 00:36:17,568 --> 00:36:21,608 What they're trying to say is that he actively knew this 492 00:36:21,608 --> 00:36:25,268 and was coordinating with them to enable them to achieve privacy 493 00:36:25,268 --> 00:36:29,088 while transacting on the Ethereum blockchain. 494 00:36:29,368 --> 00:36:31,908 I think it's a stretch to believe that the Roman Storm 495 00:36:31,908 --> 00:36:36,268 was collaborating with North Korea to do these things. 496 00:36:36,268 --> 00:36:43,788 and similar with the samurai wallet case they built it's a common it's a it's a common tactic 497 00:36:43,788 --> 00:36:51,208 right you you isolate a very small subset of users that are that are already criminals that are using 498 00:36:51,208 --> 00:36:56,348 something um and then you go after the operators even though the overwhelming majority of use 499 00:36:56,348 --> 00:37:04,968 um was by productive members of society for basic financial privacy um and if you don't have 500 00:37:04,968 --> 00:37:08,108 financial privacy, you can't have freedom. And if you don't have freedom, you can't have wealth. 501 00:37:09,228 --> 00:37:17,028 It's all interconnected. And as an American, this needs to stop. As a Bitcoiner, 502 00:37:19,248 --> 00:37:23,988 I think the Bitcoin network will be fine regardless. But as an American, and as someone 503 00:37:23,988 --> 00:37:31,868 who's building my family and our businesses here, we need better policy. I see in the live chat, 504 00:37:31,868 --> 00:37:34,148 But Alexander the Great says, 505 00:37:34,228 --> 00:37:36,308 Real GigaChads use Strike, not Coinbase. 506 00:37:36,448 --> 00:37:37,448 He's absolutely right. 507 00:37:37,988 --> 00:37:43,388 Single biggest thing you can do to get back at Coinbase is to go and delete your account if you have a Coinbase account. 508 00:37:43,388 --> 00:37:48,448 And if you live in the great state of New York, you now have the option to use Strike or any other state for that matter. 509 00:37:49,968 --> 00:37:51,028 Most countries will. 510 00:37:52,228 --> 00:37:54,908 A ton of countries, 90 plus countries. 511 00:37:55,828 --> 00:37:59,348 You can download Strike in your favorite app, in your favorite app store. 512 00:37:59,348 --> 00:38:06,448 And if you use code RHR to sign up, you get $500 worth of fee-free transactions. 513 00:38:07,688 --> 00:38:13,208 And then after that, by the way, if you set up auto stacking, you got no fee in perpetuity. 514 00:38:13,688 --> 00:38:14,728 It's a great hack. 515 00:38:15,108 --> 00:38:18,428 Auto withdrawal, auto stacking, auto withdrawal to self-custody, real Bitcoin. 516 00:38:19,128 --> 00:38:20,348 Not that paper shit. 517 00:38:20,528 --> 00:38:23,428 We have Larry zapped us 42,000 sats. 518 00:38:23,428 --> 00:38:30,068 BTC Isla Isla is hosting their first ever Bitcoin 101 bootcamp. 519 00:38:30,068 --> 00:38:33,108 It's a four-day immersive experience for anyone early in their Bitcoin journey. 520 00:38:33,648 --> 00:38:37,168 You'll come in knowing very little about Bitcoin, and you'll leave understanding why it matters 521 00:38:37,168 --> 00:38:37,928 and how to use it. 522 00:38:38,468 --> 00:38:44,688 Come learn on the beautiful island of Isla, Mujeres, Mexico, and experience a Bitcoin circular 523 00:38:44,688 --> 00:38:45,148 economy. 524 00:38:45,408 --> 00:38:52,828 For more details and to secure a spot, visit btcilamap.org slash Bitcoin 101. 525 00:38:53,428 --> 00:38:55,888 Go check it out. 526 00:38:56,148 --> 00:38:57,168 Next story on the list. 527 00:38:57,248 --> 00:38:59,808 This is pretty crazy, but not surprising at all. 528 00:39:01,588 --> 00:39:05,488 Report from GATT, all black GATT on X. 529 00:39:05,488 --> 00:39:15,008 In case you didn't know, the dude running the White House account spent time at the Army Psychological Warfare Unit at Fort Bragg before being assigned this role. 530 00:39:15,008 --> 00:39:17,508 the Smith Modernization Act 531 00:39:17,508 --> 00:39:19,008 which was 532 00:39:19,008 --> 00:39:21,268 passing the law under Obama made it legal 533 00:39:21,268 --> 00:39:23,568 for the US government to propagandize 534 00:39:23,568 --> 00:39:25,328 the American people. They're at war with us. 535 00:39:25,768 --> 00:39:26,668 I mean, I think 536 00:39:26,668 --> 00:39:28,588 Play the bowling video. 537 00:39:29,528 --> 00:39:29,768 No. 538 00:39:29,768 --> 00:39:34,188 Do we have sound? 539 00:39:45,008 --> 00:39:46,448 Here comes the heat from the USA. 540 00:39:47,188 --> 00:39:48,628 And it's down. 541 00:39:48,908 --> 00:39:49,828 What a strike. 542 00:39:50,908 --> 00:39:51,608 That's right. 543 00:39:52,768 --> 00:39:53,968 Who do you think you are? 544 00:39:53,968 --> 00:39:54,588 I am. 545 00:39:58,268 --> 00:40:00,808 So it's like, you're playing it. 546 00:40:00,868 --> 00:40:02,728 In my mind, it is psychological warfare 547 00:40:02,728 --> 00:40:04,448 because I wanted to start singing Freebird. 548 00:40:04,928 --> 00:40:07,088 I was like, I fucking love this song. 549 00:40:07,828 --> 00:40:09,388 They know exactly what they're doing. 550 00:40:10,188 --> 00:40:12,328 And I thought, I mean, this has been gone. 551 00:40:12,328 --> 00:40:15,908 They were doing it around the ice riots in Minneapolis. 552 00:40:16,528 --> 00:40:17,068 They've been doing it. 553 00:40:17,268 --> 00:40:25,128 They've basically taken sort of schizo Twitter, schizo 4chan, sort of high production. 554 00:40:25,768 --> 00:40:28,688 TikTok high quality production techniques. 555 00:40:28,808 --> 00:40:31,968 They're using them to propagandize the American people. 556 00:40:32,128 --> 00:40:34,488 And I thought they were cool like a year ago. 557 00:40:34,488 --> 00:40:38,148 But now the stakes are incredibly high with this war. 558 00:40:38,268 --> 00:40:39,028 It's becoming obvious. 559 00:40:39,148 --> 00:40:41,948 It's like, holy shit, they're really leaning into this. 560 00:40:41,948 --> 00:40:50,288 And I think anybody who's unaware of the Smith-Munt authorization act should go look into it. They are legally allowed to propagandize us now. 561 00:40:51,448 --> 00:40:55,128 And it's straight from the official White House account, which is wild. 562 00:40:55,128 --> 00:41:13,988 And to anyone, I think, to anyone who questioned the power of controlling these centralized platforms and having the God mode levers and switches you can pull on these things in times of war or other chaotic times, it's an insane amount of power. 563 00:41:14,628 --> 00:41:19,808 Like it is a power that no man or company should have. 564 00:41:20,588 --> 00:41:23,028 And a few do right now. 565 00:41:23,028 --> 00:41:29,628 um and i think uh you know open protocols like nostor are more important than ever as a result 566 00:41:29,628 --> 00:41:36,148 because this is the obvious propaganda when you see videos and stuff when things are deciding what 567 00:41:36,148 --> 00:41:40,208 gets trending and what doesn't get trending and what gets shadow banned and what doesn't get 568 00:41:40,208 --> 00:41:46,208 shadow banned and the entire thing's a fucking black box um that's where the real fucking evil 569 00:41:46,208 --> 00:41:51,268 shit is going down and that's beneath the surface and harder to see yeah like it would not be a 570 00:41:51,268 --> 00:41:57,588 surprised if my reporting yesterday was trending because they wanted something to trend outside of 571 00:41:57,588 --> 00:42:01,268 what's happening in the war, right? To a certain extent. 572 00:42:01,268 --> 00:42:01,548 Distraction. 573 00:42:02,208 --> 00:42:10,868 Drown out some of it. Crazy times we're living in freaks. I feel like we say that every week now. 574 00:42:12,048 --> 00:42:16,208 On to the Human Rights Foundation Financial Freedom Report story of the week coming out of 575 00:42:16,208 --> 00:42:20,408 Turkey where there is a crackdown on currency exchange. Turkish officials have stepped up 576 00:42:20,408 --> 00:42:24,928 their enforcement of unregistered foreign currency exchanges in major cities and tourist 577 00:42:24,928 --> 00:42:31,228 areas since 2018. Officials have suspended the operations of 859 unlicensed businesses. 578 00:42:32,028 --> 00:42:35,728 The crackdown comes as many people in Turkey increasingly seek other currencies to protect 579 00:42:35,728 --> 00:42:41,028 their savings from inflation and the long-term decline of the Turkish lira. Yet again, 580 00:42:41,428 --> 00:42:47,988 inflation rises, capital controls on citizens trying to escape that inflation increase. Turkey 581 00:42:47,988 --> 00:42:50,428 just being the latest example of that. 582 00:42:50,508 --> 00:42:51,908 And it's not even the latest example. 583 00:42:52,048 --> 00:42:55,648 They've been doing this for years since Lira experienced hyperinflation. 584 00:42:56,028 --> 00:42:57,508 I believe it was last year or the year before. 585 00:42:57,988 --> 00:43:00,188 For more stories like this and others, 586 00:43:00,268 --> 00:43:02,308 make sure you go to financialfreedomreport.org 587 00:43:02,308 --> 00:43:03,648 and sign up for the weekly newsletter. 588 00:43:08,568 --> 00:43:10,368 Will capital controls come here? 589 00:43:11,508 --> 00:43:12,848 I mean, that was the other thing. 590 00:43:13,228 --> 00:43:13,948 They already are. 591 00:43:13,948 --> 00:43:15,908 I forgot to mention earlier that we should touch on. 592 00:43:15,908 --> 00:43:21,568 because there's like the CBDC ban that's getting injected into a bill. 593 00:43:21,828 --> 00:43:22,188 I forget. 594 00:43:22,408 --> 00:43:24,608 It's like a farming bill or something like that, a land bill. 595 00:43:25,848 --> 00:43:27,968 It was supposed to be another bill at the end of last year, 596 00:43:28,028 --> 00:43:29,188 but it got ripped out at the last moment. 597 00:43:29,268 --> 00:43:30,068 It's back on the table. 598 00:43:30,208 --> 00:43:36,748 But again, talking about propagandizing and being careful of semantics, 599 00:43:37,828 --> 00:43:42,868 the House is saying, all right, we're going to get the CBDC ban in this bill. 600 00:43:42,868 --> 00:43:44,588 as it's written today. 601 00:43:45,128 --> 00:43:47,968 The Federal Reserve would not be able to issue a CBDC 602 00:43:47,968 --> 00:43:51,648 between whenever the bill is signed into law, 603 00:43:51,708 --> 00:43:53,488 if it is, and 2030. 604 00:43:55,328 --> 00:43:57,568 Many people who are supporting this are saying, 605 00:43:57,688 --> 00:43:59,928 yes, we should ban CBDCs. 606 00:44:00,348 --> 00:44:02,308 The Fed shouldn't be able to have control over our money. 607 00:44:02,788 --> 00:44:05,848 I bring this up because many people are afraid 608 00:44:05,848 --> 00:44:07,048 that if the Fed does that, 609 00:44:07,128 --> 00:44:12,308 you have the very easy ability to enact capital controls. 610 00:44:12,308 --> 00:44:15,988 You can decide who can and cannot spend money and what they can spend it on. 611 00:44:16,848 --> 00:44:20,008 And I think it's just a cautionary. 612 00:44:20,588 --> 00:44:22,048 This is a cautionary story. 613 00:44:22,408 --> 00:44:25,428 Just because you get a CBDC ban doesn't mean it can't cover another form. 614 00:44:25,548 --> 00:44:26,968 And again, bring it back to Coinbase. 615 00:44:27,548 --> 00:44:32,708 Their focus on stablecoins and stablecoin yield and creating regulatory moats around that stablecoin apparatus. 616 00:44:33,828 --> 00:44:37,588 The stablecoins can essentially do everything a CBDC can do. 617 00:44:37,588 --> 00:44:40,368 They're issued by centralized third parties. 618 00:44:40,368 --> 00:44:45,288 that are reserves are stored in treasuries which are issued by the u.s government and 619 00:44:45,288 --> 00:44:50,308 ultimately these companies that are issuing these stable coins are regulated by the federal 620 00:44:50,308 --> 00:45:05,572 government state governments and um the push comes to shove the mechanisms to basically do anything the federal reserve would do with the cbdc exist with stable coin infrastructure as well yeah i mean and look the cbdcs are already here they 621 00:45:05,572 --> 00:45:13,152 just privately run and you have multiple benefits when you um when when you have them run privately 622 00:45:13,152 --> 00:45:20,692 one is that corporations get to enrich themselves uh and then second of all in america specifically 623 00:45:20,692 --> 00:45:25,652 it's an end around the constitution because you don't have constitutional protection from 624 00:45:25,652 --> 00:45:32,952 corporations. And then they can just sell that data or basically give that data over to the US 625 00:45:32,952 --> 00:45:39,872 government. This is something we've seen across the board, not just on the money side, but in a 626 00:45:39,872 --> 00:45:46,592 lot of ways, I think we've talked about this, the informal economy, the amount of our normie 627 00:45:46,592 --> 00:45:54,312 friends that are using Venmo, for instance, it's effectively a CBDC. It's a private version. 628 00:45:54,892 --> 00:46:01,472 It doesn't use a blockchain. And all transactions are tracked and logged and used against you at 629 00:46:01,472 --> 00:46:09,712 will. So yeah, it's a little bit of a psyop. Get everyone focused on hating on CBDCs while in 630 00:46:09,712 --> 00:46:14,752 practice, the same thing has been actively rolled out and will continue to be rolled out over time. 631 00:46:14,752 --> 00:46:23,092 um but you know still a win you know still good to see i think yeah but it's important that freaks 632 00:46:23,092 --> 00:46:27,032 are aware of the reality of the situation you know at least some people are thinking 633 00:46:27,032 --> 00:46:34,252 in the right direction on capital hell um i mean like a non-money money example here by the way 634 00:46:34,252 --> 00:46:39,452 is like those flock cameras that they're putting up all over the place like the u.s government 635 00:46:39,452 --> 00:46:43,152 would have because we actually do have a constitution would have a lot of difficulty 636 00:46:43,152 --> 00:46:45,552 just putting up surveillance cameras everywhere 637 00:46:45,552 --> 00:46:48,032 and adding AI to them or recording everything you do. 638 00:46:48,332 --> 00:46:50,152 But a private corporation can do it easy. 639 00:46:50,672 --> 00:46:54,232 And then a private corporation can just hand all of that data over 640 00:46:54,232 --> 00:46:54,832 without a warrant. 641 00:46:56,592 --> 00:46:58,552 And that's how you end up in dystopia 642 00:46:58,552 --> 00:47:00,412 with an end around of our constitution. 643 00:47:01,332 --> 00:47:03,992 Seeing those private-public partnerships that... 644 00:47:03,992 --> 00:47:05,072 There you go. 645 00:47:05,692 --> 00:47:06,552 That could lead to this. 646 00:47:07,752 --> 00:47:08,332 All right. 647 00:47:08,612 --> 00:47:12,092 We're getting to the software update section of the show. 648 00:47:12,092 --> 00:47:16,332 We've got 10 minutes left, so I got to make sure I read the top boost. 649 00:47:16,412 --> 00:47:21,452 We got 134,000 sats last week for $399. 650 00:47:21,732 --> 00:47:23,812 Thank you, Freaks, for supporting here at the top boost. 651 00:47:24,652 --> 00:47:27,152 Johnny Stimulus with 23,000 sats. 652 00:47:27,252 --> 00:47:27,712 No message. 653 00:47:27,852 --> 00:47:28,812 Thank you, Johnny Stimulus. 654 00:47:29,792 --> 00:47:33,492 Boise, 22,222 sats, twos across the board. 655 00:47:33,572 --> 00:47:34,192 Poundrum boost. 656 00:47:34,292 --> 00:47:36,112 The Chicago Bitcoin Collective. 657 00:47:36,752 --> 00:47:41,312 The Bitcoin Focus Workspace is having our first open house Saturday, March 21st. 658 00:47:41,312 --> 00:47:46,672 So that is a week from this Saturday, 1 to 7 p.m. 659 00:47:47,032 --> 00:47:53,172 Come hang out and see the space at 3938 North Central Ave, Portage Park, Chicago. 660 00:47:53,572 --> 00:47:58,732 And you can go check out what they're up to at chicagobitcoincollective.com. 661 00:47:59,872 --> 00:48:03,792 Then we have one from Random MPUB, 21,000 sats. 662 00:48:03,792 --> 00:48:05,512 Hey guys, a note from last week. 663 00:48:05,692 --> 00:48:10,512 There's a great privacy-focused company, AbovePhone, which sells pixels with graphene pre-installed. 664 00:48:10,512 --> 00:48:14,752 not a paid show just a happy user who did not have to flash the os 665 00:48:17,952 --> 00:48:24,912 interesting i don't know anything about them tried carefully uh and the blockchain obviously 666 00:48:24,912 --> 00:48:29,712 there's some trust if you if you buy something that pre-flash for privacy there's some trust to 667 00:48:29,712 --> 00:48:36,992 it so just keep that in mind yeah long time freak blockchain bug 21 000 sats talk stock 668 00:48:36,992 --> 00:48:43,552 Talk stocks, stack sats on the stacker.news stacker stocks territory. 669 00:48:44,712 --> 00:48:46,852 I guess sub stack. 670 00:48:47,332 --> 00:48:48,812 We have like subreddits there now? 671 00:48:49,172 --> 00:48:49,352 Yeah. 672 00:48:52,772 --> 00:48:58,652 By the way, on the Graphene piece, Graphene has a great app that you can install on a different Android phone 673 00:48:58,652 --> 00:49:04,452 that will verify the install on the actual Graphene phone using QR codes. 674 00:49:04,452 --> 00:49:10,612 so if you do question you know who installed your graphene and you want to verify that it 675 00:49:10,612 --> 00:49:17,032 all seems right and go to their website you can download the verification app it's actually a 676 00:49:17,032 --> 00:49:23,732 pretty pretty slick experience and that very what is their website grapheneos.org that verification 677 00:49:23,732 --> 00:49:27,492 app doesn't have to be running on a graphene device so you can just like run it on any old 678 00:49:27,492 --> 00:49:34,032 android phone and then easily verify your install but i am pretty excited for this motorola 679 00:49:34,032 --> 00:49:41,492 partnership. And then also on top of that on a Primal or any Noster app, um, our RHR account 680 00:49:41,492 --> 00:49:48,112 posts hash signed videos after the fact. Um, and, and freaks can zap there as well. We have Florida 681 00:49:48,112 --> 00:49:58,572 Justin's up 22,222 sets. Um, he's got a Bible verse here. That's cut off man bit zapped 21,012 682 00:49:58,572 --> 00:50:09,612 sats um and roaming zapped 21 000 sats with his famous asteroid emoji and said acupuncture for 683 00:50:09,612 --> 00:50:18,172 sats in massachusetts contact me on nostr acupuncture my wife swears by it um so does mine 684 00:50:18,172 --> 00:50:26,732 i've never tried it though either by either by um we've got some zaps in the uh nostril live stream 685 00:50:26,732 --> 00:50:28,612 chat right now. Matt, 21,000 686 00:50:28,612 --> 00:50:30,552 stats. Got wrecked by Daddy Jack in the block 687 00:50:30,552 --> 00:50:32,072 layoffs. Sorry to hear that, brother. 688 00:50:32,892 --> 00:50:34,152 Would love to work on 689 00:50:34,152 --> 00:50:36,532 BTC slash Noster. If anyone is looking for 690 00:50:36,532 --> 00:50:38,152 God tier front end, DM 691 00:50:38,152 --> 00:50:39,932 me on Noster 692 00:50:39,932 --> 00:50:41,912 at M 693 00:50:41,912 --> 00:50:43,832 Cote, M-C-O-T-E 694 00:50:43,832 --> 00:50:46,492 at title.com. L-O-L-R-I-P. 695 00:50:48,432 --> 00:50:50,152 God tier. He's humble too. 696 00:50:53,172 --> 00:50:54,552 You'll get back on your feet, Matt. 697 00:50:56,732 --> 00:51:02,652 anybody anybody with interesting ideas hit him up and then we got soap miners apping 21 000 sats 698 00:51:02,652 --> 00:51:11,572 no message so minor use code rhr so minor uh personal business on air uh i owe you a message 699 00:51:11,572 --> 00:51:18,812 i was preparing for my my trip to austin this week and i had a a soap miner box under my sink 700 00:51:18,812 --> 00:51:24,452 i'd run out of all this soap i had in the previous box and i like to load up on it i didn't realize 701 00:51:24,452 --> 00:51:26,772 It was like a personalized care package you had sent me. 702 00:51:26,912 --> 00:51:29,752 I thought it was just another box of soap I had bought. 703 00:51:29,932 --> 00:51:33,012 And so I finally, I think you might have sent it like last fall. 704 00:51:33,252 --> 00:51:34,172 So I read your letter. 705 00:51:34,732 --> 00:51:37,752 I love the deodorant, the lip balm and all that. 706 00:51:37,832 --> 00:51:40,132 And I'm sorry if it seemed like you sent me a care package. 707 00:51:40,212 --> 00:51:40,772 I didn't respond. 708 00:51:40,872 --> 00:51:42,292 I just opened it two days ago. 709 00:51:42,392 --> 00:51:46,952 And I literally have your note to respond to you on Signal when I'm on my flight back to Philly. 710 00:51:47,092 --> 00:51:47,852 So thank you for that. 711 00:51:48,812 --> 00:51:49,332 That's hilarious. 712 00:51:50,232 --> 00:51:50,952 He's the best. 713 00:51:51,252 --> 00:51:52,612 Best soap in the business. 714 00:51:52,612 --> 00:51:54,672 Let's go to soapminer.com, use code RHR. 715 00:51:56,692 --> 00:52:00,692 All right, software update section. 716 00:52:00,812 --> 00:52:03,312 We're going to do it like we're going to go back old school way. 717 00:52:03,392 --> 00:52:04,772 I'm just going to start blowing through these. 718 00:52:04,892 --> 00:52:10,732 And Matt, if you feel compelled to talk at length about any of them, just interject. 719 00:52:11,392 --> 00:52:14,932 We got Bitcoin Core, merging cluster mempools for improved efficiency. 720 00:52:14,932 --> 00:52:15,972 That's a long-awaited. 721 00:52:16,172 --> 00:52:17,852 So cool to see that. 722 00:52:18,332 --> 00:52:20,912 ZapRite API resource for Bitcoin payments integration, 723 00:52:20,912 --> 00:52:26,692 particularly if you're trying to have your agent or easily set up bitcoin payments on your website 724 00:52:26,692 --> 00:52:34,992 using an agent this will be very good for that manant version 1.0.0 an encrypted nostre-based 725 00:52:34,992 --> 00:52:42,592 note-taking app has launched that sounds pretty cool the bitcoin 2026 developer workshop proposal 726 00:52:42,592 --> 00:52:51,872 repository by PTC Media is on GitHub. And so I think this is for the Las Vegas conference. 727 00:52:52,772 --> 00:52:56,992 If you want to run a workshop, go check out this GitHub link. 728 00:52:56,992 --> 00:53:03,872 You know, back when I was consulting for them, I helped set up their open source program. And 729 00:53:03,872 --> 00:53:08,152 that's the open source stage, which they're still running the workshops, which as you can see, 730 00:53:08,152 --> 00:53:12,332 they're still running and the open source developer ticket program, 731 00:53:12,392 --> 00:53:13,152 which they're still running. 732 00:53:13,252 --> 00:53:15,712 So if you're an open source contributor and you want a free ticket to Vegas, 733 00:53:16,392 --> 00:53:18,592 you can apply for that. 734 00:53:18,852 --> 00:53:21,392 If you want to run a workshop, use that GitHub repo. 735 00:53:21,552 --> 00:53:22,832 That's why that exists. 736 00:53:23,932 --> 00:53:27,032 And then also, by the way, I mean, I think we can tease it, 737 00:53:27,132 --> 00:53:28,752 but we'll have more information for you. 738 00:53:29,192 --> 00:53:35,032 Marty and I are going to be running another RHR live show 739 00:53:35,032 --> 00:53:39,192 in partnership with Upkey and the Bitcoin Bugle Boys in Vegas, 740 00:53:39,392 --> 00:53:40,732 which we're very excited about. 741 00:53:41,272 --> 00:53:44,312 Early stages of planning there, so you'll have more details soon. 742 00:53:45,392 --> 00:53:49,012 Yeah, we had a great planning call yesterday. 743 00:53:49,132 --> 00:53:54,272 Very excited to get Dick Reeser and Rod Palmer in the mix this year, 744 00:53:54,332 --> 00:53:54,972 the Bugle Boys. 745 00:53:55,632 --> 00:53:58,852 We'll be in attendance, and as I'm sure you can all imagine, 746 00:53:58,852 --> 00:54:03,232 we'll add a layer of comic relief necessary. 747 00:54:03,232 --> 00:54:05,612 not necessary but we'll add another layer 748 00:54:05,612 --> 00:54:08,072 the show is going to be great we love the live shows 749 00:54:08,072 --> 00:54:09,152 and 750 00:54:09,152 --> 00:54:11,032 this one is going to be really cool 751 00:54:11,032 --> 00:54:14,392 yeah the one in Nashville we did was a lot of fun 752 00:54:14,392 --> 00:54:14,672 so 753 00:54:14,672 --> 00:54:17,092 yeah we're waiting on final final confirmation 754 00:54:17,092 --> 00:54:19,652 on the specs from 755 00:54:19,652 --> 00:54:22,252 from the venue 756 00:54:22,252 --> 00:54:23,432 that we're going to be doing it at 757 00:54:23,432 --> 00:54:25,592 we should have those by the end of the week 758 00:54:25,592 --> 00:54:27,632 we're going to have more detailed 759 00:54:27,632 --> 00:54:29,252 instructions 760 00:54:29,252 --> 00:54:31,752 about the show next week 761 00:54:31,752 --> 00:54:40,932 uh nato is testing ai powered cockroach spy drones did you see this i did it's like i don't know i 762 00:54:40,932 --> 00:54:47,592 just thought this was a be aware thing just if you see any cockroaches in your in your citadel uh 763 00:54:47,592 --> 00:54:52,892 make sure that they don't have uh cameras and microphones and radio transmitters on them 764 00:54:52,892 --> 00:54:59,072 yeah it's a good it's an interesting way of getting around battery stuff right like battery 765 00:54:59,072 --> 00:55:04,832 tech is like the one thing holding back a lot of these miniature surveillance things but if you just 766 00:55:04,832 --> 00:55:13,952 strap it on to a nuke resistant animal and have him carry you around then you can get around it 767 00:55:13,952 --> 00:55:21,152 i don't know wild times uh three more things on the list anthropic is subsidizing cloud code 768 00:55:21,152 --> 00:55:27,652 compute costs this was a report from barely ai cursor internal analysis shows how hard anthropic 769 00:55:27,652 --> 00:55:31,652 subsidizing clogged code this is something we've mentioned over the last couple months like it's 770 00:55:31,652 --> 00:55:38,072 obvious to me but it's more extreme than i realized yeah so last year a 200 monthly subscription could 771 00:55:38,072 --> 00:55:44,612 use two thousand dollars in compute now the same 200 monthly plan can consume 5 000 and compute a 772 00:55:44,612 --> 00:55:50,992 2.5 x increase this is yeah this is right around like what i was guesstimating anywhere from like 773 00:55:50,992 --> 00:56:00,612 So to be clear here, people are paying Anthropic $2,400 a year, and they're getting $60,000 worth of compute. 774 00:56:01,752 --> 00:56:09,652 And it's being subsidized by the insane CapEx spend that we're seeing in the AI industry right now. 775 00:56:10,052 --> 00:56:11,232 So why do I bring this up? 776 00:56:11,292 --> 00:56:18,352 I just bring this up because, first of all, it's one of the hurdles that open source alternatives have to fight against. 777 00:56:18,352 --> 00:56:20,172 because if you go in KYC with Claude, 778 00:56:20,252 --> 00:56:22,132 you're getting a significantly better deal. 779 00:56:23,512 --> 00:56:24,812 And then second of all, 780 00:56:24,892 --> 00:56:29,232 as you're thinking about this brave new world we're entering 781 00:56:29,232 --> 00:56:32,272 and positioning yourself in that future 782 00:56:32,272 --> 00:56:34,472 and trying to make sure your family 783 00:56:34,472 --> 00:56:36,912 and your projects are in a good situation, 784 00:56:37,332 --> 00:56:38,892 just keep this in the back of your mind 785 00:56:38,892 --> 00:56:40,632 because it's not going to be subsidized forever. 786 00:56:42,772 --> 00:56:44,992 And I think, I mean, 787 00:56:45,032 --> 00:56:46,852 if you just think about it at the most basic level, 788 00:56:46,852 --> 00:56:50,432 If they turn that shit off, a lot of things would break right now. 789 00:56:52,052 --> 00:56:52,172 Yeah. 790 00:56:52,992 --> 00:56:56,192 And I think I warned about this a couple weeks ago, 791 00:56:56,292 --> 00:57:00,772 but just if you're integrating Cloud Code, 792 00:57:01,072 --> 00:57:05,872 if you're using Cloud's API for your agent, 793 00:57:07,172 --> 00:57:12,172 just be prepared to visualize in your mind the cost going up at some point 794 00:57:12,172 --> 00:57:15,092 when the subsidization no longer makes sense 795 00:57:15,092 --> 00:57:16,552 and prepare for that accordingly. 796 00:57:16,852 --> 00:57:21,892 don't get like reliant on the drugs and then have the drug dealer raise the prices on you 797 00:57:21,892 --> 00:57:32,172 yeah um this is cool sats invader bitcoin paid arcade shooting game is now live yeah so i mean i 798 00:57:32,172 --> 00:57:36,492 just the last two pieces are just i was vibing i've been vibing for the last i didn't know if 799 00:57:36,492 --> 00:57:42,172 you wanted to yeah i didn't know if you're gonna tell it so sats invader is a game i made uh 800 00:57:42,172 --> 00:57:47,092 Instead of inserting a coin, you pay 100 sats, which is, I think, like seven cents. 801 00:57:47,972 --> 00:57:50,992 And there's a leaderboard that updates itself every week. 802 00:57:51,352 --> 00:57:52,052 It was just fun. 803 00:57:52,552 --> 00:57:59,432 So if you freaks want to live a little bit of nostalgia and play a Bitcoin-powered game, 804 00:58:00,332 --> 00:58:02,192 satsinvaders.com. 805 00:58:02,192 --> 00:58:11,852 And then I also vibed something I'm calling citadelwire.com, which shows the latest RHR 806 00:58:11,852 --> 00:58:13,612 and the most recent civil dispatch. 807 00:58:14,392 --> 00:58:16,292 And then I have like an AI news agent 808 00:58:16,292 --> 00:58:18,632 who's pulling live polymarket data 809 00:58:18,632 --> 00:58:19,772 and other live market data 810 00:58:19,772 --> 00:58:21,952 to try and deliver a higher signal news. 811 00:58:22,052 --> 00:58:23,852 It posts every three hours to Noster. 812 00:58:24,272 --> 00:58:26,452 The whole website is actually Noster native. 813 00:58:26,692 --> 00:58:30,152 It's pulling everything from Noster in the background. 814 00:58:30,272 --> 00:58:31,992 So you can subscribe on a Noster client. 815 00:58:32,132 --> 00:58:33,852 I just thought it was a pretty cool proof of concept 816 00:58:33,852 --> 00:58:36,012 and I'm actually using it and refining it 817 00:58:36,012 --> 00:58:39,392 and trying to curate it into something 818 00:58:39,392 --> 00:58:43,172 that can let me pay attention to what matters, 819 00:58:43,392 --> 00:58:48,352 but focus most of my scarce time on my family. 820 00:58:48,572 --> 00:58:50,372 So some of you guys might find it helpful. 821 00:58:50,512 --> 00:58:52,092 And if you do find it helpful, 822 00:58:52,292 --> 00:58:54,972 feel free to reach out with feedback 823 00:58:54,972 --> 00:58:56,852 if you think it can be improved. 824 00:58:56,952 --> 00:59:00,032 My contact information is at odell.xyz. 825 00:59:01,312 --> 00:59:02,212 Kudos to you, sir. 826 00:59:02,372 --> 00:59:04,032 Both very clean, very clean. 827 00:59:06,452 --> 00:59:07,092 They're fun. 828 00:59:07,532 --> 00:59:07,812 All right. 829 00:59:07,812 --> 00:59:11,212 I've got to hop on stage at the Bitcoin takeover. 830 00:59:11,452 --> 00:59:12,352 So I got to get over there. 831 00:59:12,892 --> 00:59:16,372 Shout out to Matt 21 for last minute zap here. 832 00:59:16,452 --> 00:59:17,992 21,000 sats, no message. 833 00:59:18,352 --> 00:59:18,872 It's been fun. 834 00:59:19,432 --> 00:59:22,052 Crazy world, crazy times. 835 00:59:22,492 --> 00:59:27,592 Make sure you stand up for freedom and sovereignty in the digital age and in Bitcoin. 836 00:59:27,752 --> 00:59:28,592 I think it is important. 837 00:59:29,012 --> 00:59:34,432 There is a lot of conversations going on on Capitol Hill that most people are not aware of. 838 00:59:34,432 --> 00:59:47,932 And again, as it pertains to what happened on X yesterday with the Coinbase discussion about minimus tax exemption, I think it's important that people are aware of that. 839 00:59:49,512 --> 00:59:51,432 Love you all. Stay on the StagSats. 840 00:59:51,952 --> 00:59:52,652 Peace and love. 841 00:59:53,012 --> 00:59:53,292 Thank you.