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You've had a dynamic where money's become freer than free.
If you talk about a Fed just gone nuts, all the central banks going nuts.
So it's all acting like safe haven.
I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins.
In the world of fiat currencies, Bitcoin is the victor.
I mean, that's part of the bull case for Bitcoin.
If you're not paying attention, you probably should be.
What is up, freaks? Welcome back to Rabbit Hole Recap.
Wait, wait, wait.
Okay, now we're on air.
On Primal.
Happy Friday.
Cheers.
A little exotic drink for you freaks.
That's Irish.
We call this a half and half.
Either get a lager or a pilsner on the bottom,
then a Guinness on top.
I've got a Wurst Diner, pilsner,
a little German pils on the bottom there.
There we go.
not an easy pour but a good taste we're gonna need a lot more where that's coming from while
we're waiting for the super cycle to materialize hey dude we're at 90k we're in 90k are we are we
below we're a little bit below uh uh all right i'm gonna click bait x is bitcoin
is quantum going to kill bitcoin
wow i did a non-click clickbait title though
the printer is coming
that's like the bank runs continue i could probably do that title every week if i wanted to
printer is coming is a printer here 40 billion a month is that what i heard
i don't know it's intentionally confusing
it is we're late friday afternoon right rider dies if you're on the east coast
it's the christmas season it's 350 on a friday if you're at your desk
if you're forced to be chained at your desk number one i'm sorry number two hopefully we can
hopefully we can increase the enjoy the enjoyment you get the last last couple hours of your work
week here if you're on the west coast a little midday rip if you're in europe staying in on a
friday night thank you you're asleep if you're in europe i guess you're not asleep
if you have children you might be asleep no not yet almost there depends where in europe europe's
decently large
how we doing how was your week did you see the news that trump is trying to get austria hungry
back together to leave the eu together yeah that would be sick we need to break up the
let's bring it back bring back the holy roman empire uh structure of of that part of the world
bunch of little that was a that was a crazy headline i didn't expect it i mean poland's
been fucking crushing he wants to get like poland hungary austria i think italy he's trying to get
Yeah, it's basically the Austria-Hungary Empire.
Hungarian.
Hungarian Empire.
Yeah.
I mean, I've recorded with Susan Kokinda earlier this week.
That episode was released.
I also recorded with Tom Luongo earlier this week.
That'll come out tomorrow.
for anybody interested in that sort of inter-cabal squabble
thesis where old Europe, particularly the city of London.
The Brits. The Brits are coming.
The Brits and that old money cabal really does not want the U.S. to have sovereignty,
jumping into that thesis.
I mean, it is an interesting framework and thesis from which to view the world right now.
It does seem like Europe is not happy with the moves we're making over here.
Is it intercabal squabble?
Is it mandibles?
What is it?
It's mandibles than Bitcoin standard, but there's many intercabal squabbles for a while.
I think I own intercabalsquabble.com.
That's a great domain name.
Yeah.
I don't know what we'll use it for.
He doesn't physically mean people in London, right?
No, City of London.
If you go watch the Susan Kikinda episode.
They don't live in London anymore, right?
Well, apparently it's like Vatican City in DC.
There is a City of London corporate entity within a physical location.
Can you imagine?
London.
Okay, so let me just walk you through a thought experiment, okay?
You're richer than comprehension.
You have incredible influence around the world.
And you choose to live in London.
It just doesn't, that doesn't make sense to me.
I've never been to London, so I can't speak on it.
I've heard it's wonderful.
It doesn't line up.
it doesn't line up
but I can see if they're like
it's more of a philosophical
city of London
like it's in their hearts
the city of London is in their hearts
but they don't live there
their grandfathers lived there
well this is I mean the city of London
theory it goes back like hundreds and hundreds of years
I know. That's what I'm saying. Yeah. But like, just imagine, just imagine you have untold influence, untold riches, and you can pick a pin anywhere on the map, anywhere on the map you can, you could live. It's just, uh, shout out to all our British freaks, but I just would not choose London.
we've got we've got some british freaks in the uh or i don't know if they're british it could be
scottish or irish or welsh uh uk still awake kids in bed great timing i um i also see in the youtube
chat london is sick like a euro boston which is funny because i my lady and i called boston trash
london i i also if you have unfathomable wealth like i wouldn't choose boston as my
home base either but yeah a lot of people do a lot of people do a lot of wealth in massachusetts
in boston shout out our boston freaks love you guys shout out to the boston freak shout out to
mccoy for the 21 012 sat zap poundrums at freedom money that's right baby freedom money straight
from McCoy.
Represent.
All right, let's jump into the dashboard.
We alluded to the price being under 90K.
Let me pull it up.
We're at $90,300.
Bumped over.
Bullish.
The market's like us talking about the city of London.
Everybody's smash buying as they understand.
Intricate ball squabble is only going to heat up from here
and you need to get access to freedom money.
One cuck buck is going to get you 1,107 sats.
We're at a $1.8 trillion market cap.
We are at block height 927,621,
which means we had a difficulty adjustment
between last week's episodes and this week's episode.
It was a negative 0.7% downwards adjustment.
Blocks came in at 10 minutes and one second on average during that epoch.
We're currently 1,755 blocks away from the next target difficulty.
re-target, excuse me, adjustment.
Estimated to be on Christmas Eve 2025,
looking like an upwards adjustment of 6.4%.
Blocksman coming in at 9 minutes and 25 seconds on average
since the last adjustment.
And if you remember, it was looking like a steeper
downward difficulty adjustment last week
when we looked at it, and it wasn't as bad as was expected.
The price went up a little bit over the week,
and it did warm up in parts of the country.
So it was a combination of economics becoming better for miners.
So they decided to turn back on and demand response not being as demanded as the temperature increased.
There are currently 1,042 transactions in Clark's Mempool.
If we go over to mempool.space, we will see that they have 44,274 transactions in their Mempool.
and hey, mempools are hot right now.
One sap per V, but we'll get you into the next block.
Wow, hot.
Super expensive.
Maybe we need to reverse jinx this.
Will mempools ever be full again?
Mempools are full right now.
They're just...
Will there ever be a cost to getting a transaction in?
My call was way too early.
Being early is just as, what is it?
It's the same as being wrong or whatever the saying is.
Yeah, I mean, I got that one way wrong.
But I still think as Bitcoin adoption increases
and scarce block space does not increase, fees should rise.
I think it a reasonable thesis We need people to use Bitcoin then nobody using it The is i had we had years to get our utxos in order so if it does happen i don want to hear any complaining
be proactive freaks don't be complacent great time to consolidate utxos it's been a great time
next week will probably be a great time last week was a great time yeah who knows how much time you
have but probably a decent amount more we're fans of fat utxos at this show okay i'm a million sat
UTXO guy.
Yeah, I think that's probably overkill.
$1,000?
Well, I guess $890.
$900.
We're pumping.
The city of London is bullish.
You just hopped off Citadel Dispatch
with our good friend and colleague, John Arnold.
Any thoughts on that episode?
I love that dude.
What a good dude.
He's a great dude.
no it's an honor and a privilege to to work alongside him and uh it was a good dispatch
check it out after rabbit hole recap search still dispatching your favorite podcast app
and on that note i don't have it on the list um but if you haven't signed the samurai uh pardon
petition uh please consider it and marty had kian on tftc um so if you haven't listened to that give
that a listen to after rhr yeah i mean they've got seven days kian and bill until they have to report
we can pardon them after they we can report it would be a great shame if they spend even a day
in prison considering the nature and facts of the trial and the charges themselves
yeah go listen to not only the tftc episode kian has been on the circuit really trying to get the
message out there um shout out to him bill their wives lauren and sabrina lauren and sabrina wrote
a letter
basically making the case like hey this is messed up
but it's a really
beautiful letter
Logan if you can find that link to it
in the show notes and
yeah keep making noise of the
change.org petition
across 5000 signatures
yesterday which is great to see
I think last week when we
when we brought up the petition
I think it had like 3200 so
more than doubled
or excuse me
grew by more than 50%
week on week.
I think they need to get to 100,000
before it officially
gets presented.
Is there an official number?
I think there's something like
the change.org petition
so they get 100,000 signatures.
They get flagged to people
in DC.
I think you just need the right person.
I think it's more of an art
than a science.
Grease the right wheels.
get the right person.
But if you are that person
and you're listening right now,
consider going to
billandkeyon.org
to learn more.
But
this is America.
We shouldn't have
open source developers
being thrown in jail
for self-custody software.
Period.
Yeah.
never technically a money transmitter the southern district of new york prosecutors
went to or no it was the fbi i guess went to if it said before they before they raided uh kian and
bill's homes and dragged them out and the rest of them they asked finsen like hey we want to get
these guys for money laundering are they money transmitter in your eyes finsen said no they don't
take custody of funds, which is a prerequisite for being an official money transmitter.
And they decided to raid their homes and charge them with conspiracy to money launder or any
without a money transmitter license.
Anyway, completely insane.
And I knew this at the time, but I was reminded during my conversation with Kian earlier this
week that the judges got switched midway and the defense basically put up some motions
to hear some certain arguments and the judge that replaced the original judge basically
dismissed all the motions and said, no, you can't argue any of these things in court and
trial by jury.
If you can't argue very sensible things, it's going to be hard to convince them, which is
what led them to take the plea deal.
Very corrupt.
Southern District of New York.
Running lawless down there.
On to the list.
I just want to just real quick,
I smiled during that.
That was because of a live chat comment,
not because of the topic that Marty was talking about.
And the live chat comment was,
if RHR was the all-in podcast,
would you say Marty is our Jason Calacanis?
What the fuck?
No, please.
I'm Marty Bent
okay
I'm my own man
Jason Calacanis wishes he could be
the Marty Bent
of the All In podcast
do I whine?
am I antagonistic?
am I intentionally abuse?
it's hard to be more offensive
than that one
who said this?
where was this?
this is youtube chat this is french huddle yeah french huddle
i already had enough reasons not to like the french you just added another one okay
i'm kidding i have respect for some french people out there i won't i won't broad brush
the French.
All right.
First up on the list,
I like this stark.
Gridless has released
a developer release
of the Juacali
Hua?
Juacali Miner.
An open source project
that allows farmers
and small industries
to make use of their excess solar energy
to mine Bitcoin.
And they're going to do
a live Bitcoin
at the African Bitcoin conference.
They sent this last week.
I think the African Bitcoin conference was last week.
So they've already demoed it.
This is cool to see.
I mean, Gridless, we've talked about many times
over the last few years.
For those who are unaware,
this Bitcoin mining company
helping to bootstrap energy infrastructure
in rural villages throughout Africa.
They essentially go in, I think,
predominantly use hydroelectric and solar
to do this. The problem that exists in these remote villages is they don't have a lot of
electricity infrastructure. And there's never really been a good economic case for it because
you can build a 5-megawatt, 10-megawatt substation, produce the electricity, but there's not enough
buyers on the other side of that. And so gridless can come in, use mining infrastructure to be a
of that energy, of that excess capacity,
bring down prices for residential consumers
and allow the utility to invest in the expansion
of that electricity grid.
Why are you laughing?
You're Jermoth.
You're getting this back.
There are some good French people.
Will you pull together there?
I'm talking about a very serious project
that's helping bootstrap energy infrastructure
in remote villages in Africa,
and you're just laughing at me.
This is terrible.
I just shouldn't read the live chat.
I used to have to yell at you for reading the live chat.
I stopped.
Maybe I have to get back to it.
The grid list is awesome.
I think this initiative is pretty fucking cool.
I love those guys.
I think they're doing really great work.
And that's why I let it off on the list.
But I mean, it's also cool.
Like, I think it's important to note here that it's, you know, it's more than just talk.
They walk the walk.
They immediately released everything.
It's not just like, oh, we're going to open source it later.
and I think it's a really cool initiative.
I mean, I can spend hours talking about just Gridless on its own.
It's really cool what they're doing.
No one else is really doing that.
Yeah, shout out to Eric from the team there.
Eric, if you ever have the honor and the pleasure
of meeting Eric, the founder of Gridless, he's one of my favorites.
Yeah, what's his co-founder's name?
I've only met Eric.
Well, I think I met his co-founder briefly.
It is escaping me.
We'll have to go to their website.
And he's...
Eric's handle is white African on X.
I know, such a good fucking handle.
But yeah, Eric's legit.
I've spent a lot of good quality time at Eric.
yeah I can't
I don't know I'm sorry I shouldn't have put you on the spot
you put me on the spot now you know me
once you send me down a rabbit hole
let's go figure it out
Philip Walton
there we go
I think I met
I think I met Philip once
but I spent a lot of good quality time with Eric
anyway
really cool project
and again it uh
stop reading the chat it highlights the uh i'm now i'm just laughing at myself previously reading
the chat sorry it highlights the um the breadth and the aperture which bitcoin mining can solve
problems. Obviously, here in the United States,
ERCOT, TVA, other grid
systems, you have these massive
facilities going up
to take care of an overabundance
of electricity.
In grid lists, you sort
of have the other side of the equation.
How do you bootstrap energy systems?
And that's what they're doing.
Moving down the list, Bitcoin
after hours. There's a new ETF launching
as if we didn't have enough.
Eric Balkunas
made everybody aware a few days ago
that Bitcoin After Dark...
This is fucking hilarious.
It's not a new section of HBO programming
after 10 p.m.
It is an ETF, a new filing for an ETF
that will only hold Bitcoin at night,
buying it when the market closes,
and selling it when it opens.
In another timeline,
Bitcoin After Dark is actually a series by Guy Swan
where he reads you old Playboy magazines.
wow no we should actually try to convince him to make that
and uh it's what i understand the article yeah it was like hunter s thompson article it wasn't
really uh wasn't really vulgar in nature if you will no i suppose it was like it was good
good writing yeah i um no i mean this is i i don't know i just this is the most wall street
thing ever right so the market wall street has to deal with a market that never closes in bitcoin
and recently what we've seen happen is as soon as u.s markets opened uh and ibit starts trading
bitcoin dumps and then when markets close as soon as markets it's a 10 a.m dump which is
zero hedge is always on every day yeah we talked about me and john talked about this and then um
As when markets close, Bitcoin starts ripping again.
And so the real answer is to hold real Bitcoin, learn how to self-custody and use Bitcoin properly.
But the Wall Street answer is to release an ETF that only is exposed to Bitcoin during the hours that US markets are closed.
Are they trying to bring back like the Asian pump?
I miss the days of the Asian hours pump.
It would hit like 6 p.m. or 8 p.m. on the East Coast.
Asia would wake up and the price would just start pumping.
Yeah, we have a joke in my family.
Oh, Hong Kong's awake.
Logan, pull up this week.
I mean, it does dump and it's always at 10 a.m.
You can go check the charts.
Either pumps or dumps.
Yesterday pumped.
Today dumped.
I mean, Zero Hedge has been following these Jane Street 10am market slams for years, and not only in Bitcoin.
And I don know if you can exactly prove I think it an assumption that it Jane Street and others like it like Citadel It probably jane and others yeah yeah but here a theory jane street puts bitcoin on sale nearly every day and
then it buys calls after they beat up the price jane street is one of the biggest market makers
in the high frequency trading firms in the world strain jane street holds 2.5 billion dollars worth
of ibit their fifth largest position they own shares directly and they are the second larger
owner of ibit calls options to buy more ibit how does this all work they dump bitcoin at the open
push the price into liquidation zones re-enter lower repeat daily they've accumulated billions
in bitcoin this way free bitcoin in effect don't listen to people saying it's not possible to
manipulate bitcoin price of course that's exactly what is going on i mean this is not manipulation
but it's just uh he's probably directionally correct free market everything's manipulation
Everything's manipulation.
In a free market, this is fair.
This is what free markets are.
Don't hate the player, hate the game.
Don't hate the game either.
Free markets are awesome.
There's another way to say your size is in size.
Jane Street has size.
Just stay humble and stack sets.
They're also directionally long in a big way.
Just ride the waves.
I see Rob Hamilton commented in the Nostra live chat.
Can't believe Matt is reading the YouTube live chat.
Just know that reading both.
And we have Soap Miners app 53,000 sassy said,
PSA, if you want your Christmas gifts delivered on time,
please have your order in by the 14th this Sunday.
The RHR code is obviously popular.
Used 53 times now.
A lot of dirty freaks out there.
A lot of dirty freaks.
No, no, a lot of clean freaks out there.
reframe, reframe of the Jane Street thing, silver lining,
their bullish Bitcoin, they're trying to get as much as possible,
reframing of your soap miner comment there.
There's a lot of clean freaks out there because they're buying the soap.
It's obvious.
They're clean now.
These 53 of you are cleaner than you were before you bought that soap.
It's good to know.
I mean, do you think that's market manipulation?
When I said anything's manipulation, it means nothing's manipulation.
me going smash buying $5
on
I feel like Jason
would consider this manipulation
well
Jason also thinks
Tether's a scam so
he would definitely cry about this
do you think Jason
is Bitfinexed
it would not be
surprised that would be great
that would be a great timeline if Jason was Bitfinex
he's been butthurt
and then when his fractionally reserved
bank of choice goes under
because of their duration risk, he cries.
Cries poor and begs the government
for a handout. That's fucking ridiculous.
Lest the whole
of Silicon Valley
implode. No, the most ridiculous
part about that is they
instantly bailed out USDC.
That would have been
glorious.
And fucking glorious.
speaking of glorious brian zapped us twice first one 100 000 sats no respect for open source
devs or the french and then 40 000 sats marty's being super theorial guys
i missed those thank you sir thank you guys it's a good way down to friday let's get let's see if
Let's see if we can get to 100 million sats and zaps today.
Let's do it, Freaks.
Let's get to 100 million.
Let's just set a record.
Yeah, let's just set a record.
100 million sats and zaps.
Let's push the limits.
This is testing purposes for streaming over Nostra.
This is what we need to do.
I kid somewhat.
Bitcoin after hours.
What do you think that's going to do to the market?
How much?
I think it's a...
So what's the value prop there?
So they're only buying after hours, selling at the market.
But if you hold the ETF as an ETF holder,
you're not selling shares, obviously,
if you hold it for the long term.
It's an actively traded ETF.
Okay.
I wonder if there's like back to the data that proves that this would be...
Yeah, there is.
There is.
uh john quoted it in the dispatch it's it's it's something ridiculous it's like you're up
in the last year you're up 300 or something if you only hold after hours bitcoin yeah
um but yeah that i i mean car salesman jesus who said this bit simple mccoy mccoy was funny
Jason's like 4'10". Marty's at least 5'5".
I am at least 5'5".
There you go. Taller than the average woman.
Put my wife's
5'8".
Look, I mean
this is like a bullshit way for them
to collect fees.
Don't buy this ETF.
If everyone's paying attention to it,
the window closes.
the real answer to this year i could have made 300 i mean the real answer to this is the best way to
own bitcoin is owning real bitcoin like you should own real bitcoin you shouldn't um if if if if
you actually think you're sophisticated and you're an allocator and you're holding ibit it's like
you're holding bitcoin with training wheels it's like learn how to ride a bike
No.
And it's like, I mean, if you're a believer in manipulation,
which we're not, all is fair in love and markets.
If you believe in paper Bitcoin, it's suppressing the price of Bitcoin.
You should make sure you live by your words
and take your Bitcoin off exchange, self-custody,
to ensure that your Bitcoin's not being re-hypothecated.
Did you see that Saylor went to JP to save the bear market?
I saw the picture.
He's been all over the place.
Abu Dhabi straight to Manhattan.
Do you think he took a helicopter straight to the...
They must have a top floor helicopter pad.
So you don't have to let go of the pleb entrance.
He's got that spaceship.
He hopped in the spaceship with the spear in front of it.
I think...
I wonder what came of that.
It's an interesting development.
What do you think?
Do you think Jamie was in the room or was it?
Literally two weeks ago,
the Bitcoin Twitter was all on,
JP Morgan wants to kill MicroStrategy.
And then he's just posting a picture
from their Central Park View office.
And what was the captain?
Guess the bank.
well maybe maybe maybe it's just like hey jamie it's like in in old austria hungry times when
the kings used to get together and make peace you know let's let's make a treaty
make some more sensible margin requirements for people holding my stock
i won't call you jeffrey epstein's banker anymore not that he's ever done that but
did bit simple send 100k sats that i don't see i think i think he's saying you sent it during
your citadel dispatch trip and you disrespected him by not reading it which is i'm sorry it's
simple i know you called me a used car salesman but i will come to your defense here this is
i don't i don't think that's true this is indefensible
where did you where did you send it
i don't know
it was on your citadel site it was on your site you have a bdc pay server or something
did you put a memo
another another good half and half but it's really like a one-third two-third poor but
oh was months ago okay fair enough well if you if you send me my contact information is that
is at odell.xyz.
If you send me your message,
I'll read it next to Spetch.
I'll read it next to RHR, too.
Make it up to you.
You get two for the price of one.
I'm not coming to your defense anymore,
but it's simple.
It's a little pedantic.
It was months ago.
Get over it.
Get over it, sir.
September.
The statute of limitations
of being able to complain about that
ended about a month ago.
I think this was probably
jp morgan's fault yes jp ddossed matt's bt btc pay server and hid the memo from us
moving on straight to the human foundations uh human rights foundation financial freedom report
story of the week coming out of india where mpci confirms that cbdc is live with spending controls
the national payments corporation of india confirmed that india's digital rupee cbdc is
live with partner banks and is being used by the state for subsidy payments at india blockchain
week great conference in mpci it's so funny mpci it's like the mpcs the consultant shared that the
digital rupee can be restricted for specific purposes approved merchants in particular locations
for example recent transfers of the programmable cbdc for farmers and livestock owners limited
purchases to quote-unquote approved input with geographic tagging enabled.
The CBDC is compatible with India's state-run payment system known as the Unified Payment
Interface or UPI, enabling users to pay with digital rupee by scanning existing UPI QR
codes.
For more stories like this, make sure you sign up for the Financial Freedom Report newsletter
at financialfreedomreport.org.
CBDC is here, in India at least.
what's the steel man
of CBDC
there's a lot of talk here
in welfare abuse
in Minnesota
and other parts of the country
what if we have a CBDC for welfare
where it's like hey
you can't buy luxury real estate
or vehicles with this
you must spend it on
glasses
is that a positive
you consider that a positive
I said, let's steel man it.
Let's steel man it.
Like, hey, we can't do the welfare system.
On the HRF piece, I think it's obviously incredibly important
what happens in India because they're the most populous country
in the world.
And unlike China, they're not ostracized, right?
They're treated as a democracy, whether that's true or not.
so their example I think should be a concern to people I think this is the like the first like
you know I don't know non-China real world big use of of CBDC so so so the fears that people are
concerned about are actually happening in practice and obviously Bitcoin specifically
bitcoin uses freedom money is basically our stalwart against it it's our our line of defense
against it but people have to actually use the tools and we need to build out the tools and make
them better um as as for your cbdc's are good if we use them against poor people i just think we
should probably remove the welfare state instead of um making their welfare money more programmable
surveillable and controlled i want to be clear i was steel manning like i'm singing the arguments
that the government's going to come up with for this,
how it can come to the United States.
As we know, the border immigration, big subject here.
We have been warning since Trump got in office
or was elected in last year
that the border is going to be the way that the Trojan horse,
digital ID, and CBDC by another name
because the American politicians are very anti-CBDC,
but I think it's these explicit
sort of central bank digital currency programs
being run by countries like India.
They will, Trojan Horse, CBDCs by another name.
Maybe that other name is stablecoins.
I don't know.
So I was trying to steal, man.
This is how the government's going to say,
like, oh, hey, Americans,
you tired of immigrants draining the welfare system?
Well, guess what?
We need trackable CBDCs, or excuse me, stablecoins,
to make sure that they can only spend on certain things.
Yeah, I mean, to the...
Yeah, I mean, I think that's a horrible idea.
But I just...
To our conversation last week,
I do kind of...
If we are going to continue the welfare state,
I do like the idea of...
CBDCs.
No, you cut out...
No.
You cut out everything else.
You cut out everything else and you give a million sets to each poor child And you like time lock it Those are the new freedom accounts
Hey, Anchor Watch, Rob, Miniscript, Time Locks.
Let's think about it.
What's some government application that we can give them, you know?
And I see you're in the live chat.
Kind of like that idea.
But once again, I think we should probably just gut the whole thing.
just get rid of all welfare stuff.
I think it probably,
I'm not ready to make a completely coherent argument for how it benefits
everyone,
but I think it would probably benefit everybody.
I agree.
I mean,
go read your Thomas soul on the welfare state and how it's actually
counterproductive to the goals it's trying to achieve.
It's an enslavement mechanism.
There's no such thing as a free,
as a free lunch.
And there's just so much corruption mixed into it now at this point.
That's why if you're going to have it, just keep it simple.
All the different aspects of it and loopholes and everything is where you see corruption leak in and fraud leak in.
Yeah.
Well, I'm happy to report that Rob Hamilton is standing up as a proud American citizen.
he's offering his services to time lock i mean you say this but he hasn't zapped anything
i don't even know if you know i think he's like pure on chain time lock bitcoin is on chain only
yeah i see hawaii satoshi zapped 21 212 sats all in freedom zap love it thank you for your support
sir you gotta say palindrome zap come on palindrome zap the occupied kingdom of hawaii
apparently australia officially has a social media ban did they do it's in it's in the list
it's on the list oh it is oh surely a digital id here we go there you go we'll read that do we
have any boost from last week um yeah you i mean your list was very uh front light back heavy
i was throwing off a little bit i thought we only had two stories i enjoyed not talking about
Bitcoin stuff last week.
The non-Bitcoin stuff
comes after the shoutouts.
This is our biggest boost week
in quite a while.
Rabbit will recap.
$386 stacking dollars.
Top boost from our...
Gosh.
You were too kind to us, Syl.
Pringle Mac.
111,111 sats.
One's across the board.
Palindrome boost.
Once again, you boys always deliver
with funny dad stories.
latest news of the day. Grateful for
you both and Logan as well.
Keep rattling the cage of the Samurai Wild Boys.
Kion, she
wrote Leon Rodriguez, but
it's Kion and William Hill
until they are rightfully free.
Sending big love
from over the pond. See you
next year. Hey, Syl, we got two more episodes
before next year.
Three, including this one. Thank you.
Ride or dies.
I mean, we may have to start ranking a ride or dies.
Syl's up there.
potentially number one easily top three brian's been up there recently
brian brian has been running talking about rider dies we also have we have map 21 zapped us 21 000
sets in live chat thank you sir thank you plebeian on 31 500 sats in honor of the call to action we
Yet Sovereign will be offering a 5% discount on all services purchased at Sovereign.io.
That's S-O-V-E-I-G-N.io.
As well as an additional 5% for any closed referral with the promo code RHR.
We have no box for a promo code, so you will have to handwrite it in your contact inquiry or referral entry.
You should also handwrite in promo code RHR on all emails you send going forward.
Stay humble, Stacks asks.
It's questionable, but great advice and good promo code.
By the way, I noticed that you did a show with him
after I did a show with him and he was chirping at me on Noster.
What was he chirping at you about?
About the JP Morgan thing versus MicroStrategy.
I don't know.
A lot of people were chirping at me about my opinion on JP versus MicroStrategy.
I think you're a bit naive there.
I'm a bit naive.
Then what is Sailor?
He's at the fucking office two weeks after.
What did I just say?
I just described what that was.
That was like a,
Hey,
we need to get together.
Like we're in a fight right now.
There's some power brokering going on.
When you get to the table and talk,
what do you want,
Jamie,
Michael,
what do you want?
That's how that conversation went.
One second.
Look at my,
look at my spaceship.
Do you like,
do you like this building that we're in right now?
You like it?
You see the spear on the tip of that,
of that spaceship.
Be a great,
shame if I'm not going to make a joke like that.
It's in the nature of buildings and aircraft in New York City.
Marks, 31,111 sats.
Keep writing open source code. Anyone can do it.
Hashtag free samurai. It's true. Keep writing. It was cool to see
Keon was, I forget what show was on. Might have been BTC Sessions
yesterday or the day before.
basically building on the Ashigori
or Ashigaro
Ashigaro, yeah
Ashigaro
basically saying how cool it was
that an A non-group
of developers forked the code
went Tor only
released Whirlpool
that's what you want to see
he was proud
cool to hear him tell that story
of how he views Ashigaro
yeah i agree i mean it was on uh it was on sesson's show i mean look i think it's great uh i think it's
fantastic uh that the bitcoin content creating community has has come together to really
highlight this case and in the case with the pardon i mean i've seen key on on pretty much
every podcast bitcoin almost every podcast um over the last few days and it's really dominated
at Bitcoin Twitter. And I will say that as one of the people involved with raising the legal defense
fund, I got a bit disenfranchised over the last almost two years trying to build support
for their cause. So it's really fantastic to see. But all that said, it was like Keon's like eighth
podcast and btc sessions do you see the title of his broadcast it's like emergency broadcast all
caps like come on dude you know hey so i'm on keep it a little bit keep it a little bit more tasteful
what do you want what do you want do you want the message to get out there do you want it to look
tasteful okay you got it there's trade-offs life is a game of trade-offs here don't title the ninth
Bitcoin podcast, all caps, emergency broadcast. I'm a simple man. I asked a very simple request.
Maybe we learned. Maybe we learned. Maybe every rabbit hole recap is broadcasting all caps.
This week's rabbit hole recap, emergency broadcast. The block height is...
More blocks have been produced since last week. We're not done yet
with our boost from Abbott Hall recap 386.
Last but not least, OB 21,000 sats.
There's kids listening.
Yeah, 40 to 60-year-old kids.
Laughing emoji.
We all got that inner child.
We all got that inner child inside of us, you know?
no yeah it seemed like most of the
most of the freaks were lionized by my
my request
last week
yeah
we got
vague in the youtube is that vague
is that our vague or is that another vague
vague one I don't know
he lost his previous youtube account
that's not his original youtube account
is this vague's vision
it all turns into a clickbait pleb slop on a long enough time timeline okay doesn't have to
doesn't have to be that way that's why we need to change you be the change you want to see in the
world is primal gonna gonna have a a pleb slop thumbnail title algo i don't know i mean i think
if you have algo choice, you don't end up in that situation because no one would actually
choose that. Similarly, I don't think... If Nostra is successful, I think it'll be very hard
for anyone to try and implement an advertising model on it, period, because people just use
the app that doesn't do that. Why would you actively choose the one that is intentionally
surveilling you and serving you garbage ads all the time um don't read them out loud but i just
want to note like i i do you see rob's slight at us rob hamilton slight at us which chat just never
forget in the nostril chat it's a slight we're not going to read it out loud here oh gosh yeah
it's disgusting but it does make me question your support in the in the in the past well
hopefully it's a troll oh my gosh
brian brian are you satoshi nakamoto 500 000 sats i humbly submit myself for the top three
ride or die all right you're in you're in you're in we're not that expensive
thank you for your support sir why aren't those aren't i have to submit a bug report
those aren't showing up for me they lag sometimes i bet it comes up for you in uh
in about a minute i feel like million like okay it gets that 500 000 sats like i it should my
whole fucking screen should flash i'm telling you that's what we need that's what we need like the
uh i don't know what streaming thing it is like when somebody sends over a certain threshold like
we just have the robot read
read the thing and we respond to it
alright moving down the list we got more to talk about
we do better than that because we just read it
that's true
but their name should like pop up and there should be like
confetti and shit should flash
yeah
whatever
within the next seven years we'll get it done
maybe
All right, we were talking about Australia.
We're going to hop around the list now,
but since we brought it up before we got to boost from last week's episode,
Australians now face digital ID checks and biometric scans
to log into online platforms,
all under the premise of protecting under-sixteens.
Kids are now banned from select social media platforms,
but adults are the ones handing over their faces, IDs, and biometrics
to prove they're not kids.
Mission accomplished.
They've turned protecting children
into a universal surveillance upgrade for everyone.
The UK, the EU, and various US states are also looking to implement online verification.
So Discord, GitHub, Google Classroom, Lego Play, Messenger, Pinterest, Roblox.
Wow, that may be one that you actually need.
ID checks.
Steam, WhatsApp, YouTube kids are all exempt from this.
Roblox?
Yeah, Roblox is like a pedo haven.
You don't know this?
I mean, they should just ban the pedos.
is it it's yeah well then you should so you should actually have id verification like if you're
a 35 year old trying to get on roblox like get away but technically but they're doing the opposite
yes you don't you have to be the pedophiles would be fine they would be able to get on but the kids
wouldn't be able to get on no the kids no it's exempt it's saying if i'm understanding this
you don't need id verification for roblox which is probably where you probably need it most if
trying to protect the kids see this is like the highlight but you would do the opposite you would
have to do the opposite you'd have to be like if you're older than what what age is appropriate yeah
yeah i think by the time you're 18 it's time to move on from roblox okay
it's time i've been our played from what i understand i'm sure you've seen you have you
seen like the deep vibes on how roblox is just like no i haven't i know very little i know it's
It's like Minecraft. That's all I know.
It's like, well, I know there's a lot of parents listening to this,
like fall down. It's like worse. It's similar to Minecraft, but it's worse.
It's, it's literally like,
do they have live chat?
They have live chat. They have, you can like build your own worlds.
And there's a lot of very, um, uh,
vulgar and disgusting.
things it's it's free to play so it's more accessible to little children yeah all right
logan please tell me you don't play roblox number one number two just tell us what you know about it
uh it's free to play full of groomers and uh yeah not funny and and squid game remakes
apparently.
I know nothing about Roblox.
But anyway, I mean, I think...
I mean, don't let your kids play Roblox.
I think that's...
Yeah, but I think that
comes down to good parenting.
Right?
I don't think the government should be involved in this decision.
Agreed.
Well, and the government isn't in Australia.
I mean, I don't think children should be unhaxed.
Why I bring it up is
it's like a highlight. They don't actually care
about protecting children. Because if you did, Roblox
would be like, okay, we need to make sure
there's not too many 35-year-old
idiots on here.
Also, to be clear
here, Roblox,
the company,
could have...
Children don't have IDs most of the
time, but they could have children-only
safe spaces
or something as a private company if
they want to.
I think parents
should be involved in this decision
and government should not be.
Yeah, I hope, I mean.
And if you really want to protect the children,
if you really want to quote unquote protect the children,
like you should be giving tools to parents
so that they can better parent
rather than KYC everybody
with the excuse being for the children.
Yes.
I'm sorry to do this to you,
but you had to fall down Roblox rabbit hole
because it is a dark one.
And to your point about the founders of Roblox,
once you get to that point of the rabbit hole,
it's like holy shit this is are they from london they might be they might be they might be getting
money from the city of london we don't know um but back to the original point australia i mean
we've been talking about this for a couple years it's been choreographs they've been trying to do
this uh in the aftermath of covid particularly the vaccine rollout uh australia was particularly
Orwellian with their rollouts, their restrictions and all that.
They built like ghettos.
Yeah.
They built camps.
They literally sent people to medical camps.
They did not like that individuals on social media were speaking out against the encroachment
on civil liberties and began choreographing, hey, we need to protect the children.
So we're going to need to throw out IDs, ID verifications on all these platforms.
But in reality, the reason these verifications exist is to quell speech and to stomp out wrong.
It's not to protect the children.
No.
As is evident by Roblox being a...
Rob Hamilton, you sicko.
Took the worst screenshot he possibly could find to me.
But cheers to you too, Rob.
I'll even zap you for it.
don't zap them for it
I zapped them
actually my NWC on desktop
is messed up so my zaps aren't going through
I gotta fix that
alright next up
rawbit this is pretty cool
visualization
for
for bitcoin transactions
just an interactive tool
bitcoin transactions visually
connect predefined nodes, see
every byte, update live, step
through script execution with live stack
view, full Python
code behind it, 10 hands
on lessons including pay
to pub key hash
segwit, multisig, timelocks
payment channels
all broadcasts, testnet, more coming,
taproot, lightning, covenants, etc.
Free, open source, educational only.
Who dropped this?
Who's behind
Raw Pit?
Go to the GitHub.
Click the GitHub.
Rollbit.io
No, click the GitHub.
I'm looking for the GitHub.
It's right there in the tweet.
It is by
Rollbit.io
Well, I mean, that's cool.
It is cool.
Check it out.
Yeah, there's no external contributors.
Yeah, I don't know who's behind this.
I just thought it was cool.
Another major Zeus release,
Zeus version 0.12.0 beta 1
is now available for testing.
features Nostra Wallet Connect
circular rebalance tool
embedded LND which is a battery
saver detection warning
with sweep
swaps scan addresses
and invoices show your lightning
server provider and swap purchases
bless you
the cool thing about this is Marty
said he was having issues with his
NWC wallet but now he can use Zeus
so perfect timing
it was perfect
that was almost
I'm lucky I jumped out of the way there
that was another snotty bent moment
oh no
I mean you pronounced snotty bent
to everybody as you did it
yeah
shout out to Evan and the team
continuing to build one of the best
mobile wallets in the space
next up we got
hash-based signature schemes for Bitcoin.
This is, I think, the biggest...
It's not even a development,
but this was the most interesting thing
out of Bitcoin this week.
So Jonas Nick and Mikhail Kudinov
from Blockstream Research
basically wrote a paper.
They looked at all the quantum-resistant...
Not all of them, but they dove into
quantum-resistant signature schemes
to, what would we say, quantum-proof Bitcoin private-public-key pairs.
Obviously, it's been a big topic of discussion this year.
As the quantum FUD increases, we're getting closer to quantum computing.
It says Bitcoin going to survive.
Many people have said that Bitcoiners aren't paying enough attention to this.
They don't view it as they're being a bit complacent.
They don't have enough urgency to solve this problem,
which I've been saying on air and off air.
I think that is a bit of a mischaracterization.
If you read the Bitcoin dev mailing list,
there's been many discussions about what we need to do around quantum for many months.
And I think this hash-based signature schemes for Bitcoin paper
proves that some of the most qualified cryptographers in Bitcoin
have been thinking about this as well.
Long story short, you can go read the paper.
it's going to sound like, and it's probably going to be way over most people's head because it was
over my head. Long story short, when we go to a quantum resistant address structure,
there's trade-offs, right? And I think that's been a big part of the discussion
this year is how do we manage those trade-offs? Because there's a lot of quantum resistant
libraries. They will work, but they take a ton of data. And so when you're switching to particular
quantum-resistant cryptographic signature schemes,
and you do that on Bitcoin,
like it could take a while for IBD,
block propagation, transaction propagation.
So we're sort of in this position
where we need to find a quantum-resistant address structure
that will use the least amount of data
and make it the least data-intensive as possible.
And that's what Jonas Nick and Mikhail
focused on in this paper.
It seems like they're pretty optimistic
that we can find a nice trade-off balance there.
Yeah, I mean, I'm...
By the way, RBF zapped 21,012 sats.
Palindrome zap boost.
There we go.
Bless you, Marty.
Thank God it was not a snot rocket to the camera.
You know, I'm a little conflicted on this one
because I think there's a lot of hype in the quantum space.
I mean, disclosure, neither of us are cryptography experts.
It's just like way above our head.
But my gut is that I know it's not a good answer.
My gut is that it's a lot of hype and a lot of fear over nothing.
That said, I think it's important that we have more research in this field.
And I think with the goal of providing users a quantum resistant address type that will inevitably cost more in fees because it will use more blocks.
space. And then they can choose to opt into that. And it's a very easy answer to anyone
who is concerned about quantum narrative wise, you know, here, use this quantum resistant
address if you want. There's been a lot of spilled milk and conversation about what do
you do with old legacy addresses, particularly Satoshi coin has been discussed at length.
the early addresses are uh paid a public key like naked bare public key not they're not even hashed
um so theoretically if we do have a quantum type situation those will be vulnerable first
um and i i've i strongly believe that you just let those sell into the market just let them sell
into the market uh do not preemptively seize coin or freeze coin i think that breaks the bitcoin
social contract which is strictly on the property rights side um and like the quantum reality might
never actually happen if if bitcoin if old bitcoin is is stolen and sold uh because those holders
lost our keys and are not moving it, then yes, we will have short-term price volatility.
But if we seize Bitcoin or freeze Bitcoin, Bitcoin failed.
We just broke the key property rights guarantee that you get out of Bitcoin And then it might not even become a reality if you do it preemptively So I think that probably where consensus is sorry
And I think-
We talked about this earlier in the year,
but there was one proposal for the legacy addresses
specifically, where it's like you could change the protocol
to limit the amount of UTXOs with that address structure.
Using that, they're stored in that address structure
I can move at any given point in time.
It's like away.
It would be twofold.
It was like if you,
man in the coma wakes up,
he's like,
oh,
I would have moved if I were up.
Like now I can.
It allows him to do that.
And then number two,
if there is a quantum attacker,
it sort of limits the speed at which they could drain those wallets.
And his alarm system,
if you're controlling those wallets,
you can begin to move those coins.
I thought that was unique.
Yeah.
solution to that particular problem yeah i mean i don't hate that idea conceptually right like a
throttle limit on how much like bare pub key transactions could go um but uh
and people can argue with me semantics wise like i think that effectively results in a hard fork
type scenario or a chain split type scenario.
At least at the time that someone tries to break the throttle,
it would result in a chain split.
Why wouldn't it be an invalid transaction?
So someone spent
hundreds of millions of dollars on quantum
in secret to attack early bitcoin but they're not going to mind block themselves
i mean that's another and so so then they mine the block themselves and then your quote unquote
soft fork becomes a chain split and then what if you effectively resulted in a hard fork
but it's you know at the time of activation it's a soft fork and i think that's way more
controversial. I think if we just add another address type, people can choose if they want to
use it. If not, if you think quantum is a concern to you, you can pay more in fees to use a quantum
resistant address. It's a very easy... As far as consensus rule activations go, it's a very easy
activation, a relatively easy activation. Because it's often... Yes, but what would you... Because
is like back 32 has what like 16 versions but it just become like another version version 3 of
back 30 or 4 or 5 whatever I think we're on 0 1 2 I think it would just become another address type
yeah you probably wouldn't be able to use back 32 you'd probably have to create a similar
I don't know Rob I don't know once again you're still in the comment I had probably know this
better than i do well i mean rob by the way since he zapped us so little and it was just a huge slap
in the face uh the the primary concern among quantum alarmists is early pay to public key
addresses but also taproot is not hashed either taproot addresses are also pay to bear pub key um
And if you're using Miniscript, you're using Dapwork.
Yeah.
To each their own.
Yeah, native Segwit is quantum safe,
core tech is safe.
It's the same.
I'm torn on it, right?
Because I understand people being concerned about it.
I will say it's a field dominated by hype.
to those that are newer here before
before Vitalik launched Ethereum he raised money for a quantum mining scam
to attack Bitcoin mining using quantum which obviously was not real so it's a it's a space
dominated with hype on the business side all these quantum companies i don't know how they monetize
it's like a one-time monetization event uh whether they're attacking bitcoin or attacking like chinese
encrypted comms or something it's like you have to like you get like one contract with the us
government and then the cat's out of the bag um so i don't understand how they monetize it
um so that's all scammy and they live and die off of the pr cycles but all that said
it's above most of our pay grades
and there are real people that are concerned about it
and they should have the option to pay more in fees
and use a super bloated address type
that is more quantum resistant.
If you read the research paper,
Jonas and Mikkel believe that there's an address type,
quantum resistant address type
that would take like three to four kilobytes.
for Vbite, I think, which is relatively small.
Wow.
OK, so Rob's really angry at me, by the way, now.
He still hasn't zapped.
But apparently they use pay to witness script hash.
You don't need Taproot for Miniscript.
So they're using Segwit.
They're not using Taproot for Anchorage?
Sounds like it.
TIO, didn't mean to fudge you.
Now he's telling me that all of Nostra
is based off of bare public keys.
The real treasure trove is QC2 attack.
Yeah, what's going to happen is
governments are going to secretly spend
billions of dollars to research quantum
and then they're going to ruin their edge
by accidentally posting for my Nostra account.
And they're going to start posting porn
for my account.
That's the quantum alarm bell right there.
If porn ever comes from my Nostra account,
you know it's here.
Yeah, that's bullshit.
That was Marty who sent it.
But to all the Bitcoiners out there that are against Noster,
it's the quantum alarm bell.
They reframed the narrative.
Yeah.
No, I agree with you.
I think it's FUD.
I thought, at the very least,
I thought this research paper is good refutation to the FUD
that Bitcoiners aren't taken seriously.
It's like, hey, here, we wrote this research.
We'd be really worried about it.
Here's some things we can do.
Is quantum
urgency a
psyop to get us to change Bitcoin? Maybe.
I don't think so. I don't think so
because if there was, like I said,
if there is a
quantum change to Bitcoin,
it would be very specific. It would be
this is a new address type.
That's it.
Yeah.
Which I like,
honestly, I'm fine with.
It's good that we're doing research into what that would look like,
how that would best look.
Yeah.
Another news into less cryptographic intensive conversation.
Farcaster pivoting.
Shocker.
I'm actually shocked.
I never thought they would have pivoted.
Our good friend, Alex Gladstein, more on Farcaster giving up
is how he's reading this pivot.
What's this guy's name in it?
D-R-D-W-R.
Dan something.
Romero? Is it Romero?
Dan Romero? Yeah, maybe Dan Romero?
Could be somebody else.
State of Forecaster, December.
Don't read it.
I was going to read it.
Okay, read it.
It's a good little reading blurb.
State of Forecaster, December 2025.
I'm going to be writing a series of casts this week on this topic.
Roon and I have been working on Farcaster for over five years.
The goal has always been to build an at-scale decentralized social networking protocol with
1 billion people using it every day.
This is a hard problem.
And while we made progress, we are still many orders of magnitude away from achieving our
goal.
Since the early days, we believe two things matter most, sufficient decentralization and
product-led protocol development.
Links to both blog posts below.
So that's led us to make pragmatic, not dogmatic, decisions about the low-level protocol and
make a lot of iterative changes with our own app.
We were never going to make decentralization maximalists happy.
We spent the first four and a half years with Social First Strategy.
We shipped a working version of the protocol that was sufficiently decentralized and allowed
multiple independent teams to missionlessly build on and integrate it.
however despite many different attempts and a few short-lived spikes we haven't been able to find a
sustainable growth mechanic for the twitter-like social network i.e no product market fit so now
they're pivoting to like a wallet service first right i mean you're the one who read it i mean
they didn't talk about the wallet in it but that's essentially what their pivot is is uh
they're gonna be like wallet first and then try to trojan horse social media in slowly over time
um yeah i mean look the the so to those people that aren't aware farcaster is like the shit
coin version of nostr and it had a lot of hype um last year they raised 150 million dollars at a
1 billion dollar valuation um paradigm was involved a16z was involved it was a who's who
of tech bros shitcoin tech bros billion they got a one billion dollar valuation they got a one
billion dollar valuation and by the way this is for the company that runs the pro it's like classic
shitcoin stuff right like there's no nostr company that could even raise money in the first place
um but it's just another example of of shitcoinry being a scam now they had a lot of hype
a lot more hype than nostr partially because of their backers
um and yeah they're like in uh i don't know they don't know what they're doing over there but yeah
they want to they want to focus on being a wallet is is is their goal um which is clearly not you
know what the investors expected i will say that on the nostre side i think there's a lot of crisis
of faith that is similar.
And if Nostra is successful,
it will be because of the long grind
of open source contributors
that push it forward.
You know, fighting network effects
is not an easy battle I telling you now what we doing now might be the killer app for Nostra What
Shitting on Rob?
That is, I mean, that's a killer app.
If your go-to-market strategy doesn't include shitting on Rob
as much as you can,
you're not going to succeed as a company or a protocol.
So lean into that first.
But no, I think Twitch live stream competitor
direct monetization with Bitcoin is a killer app.
I think so.
But I mean,
now we're like also kind of battling Tether with Rumble.
Did you see Tether wants to buy Juventus?
Yeah.
I'm actually,
back in my gamer days when I used to game big FIFA guy,
Juventus was my team.
Okay.
So I'm all for this.
There you go.
It's like Syria.
I was like Juventus all the way.
So Paolo,
if you're listening.
I know you are.
When you guys buy the team, I want to come and support.
I know Juventus has had a rough decade,
but I trust that under Tether's leadership,
they will get back to the status that they deserve.
I would love if the second chapter of Palos Life
is just a football manager.
He's just in his suit, not on the pitch.
He's in his sweatsuit on the sidelines.
He's definitely like this the whole time.
I wonder what Peter McCormick thinks about it.
It's a little bit of a step up above Bedford.
But anyway, it looks like they're going to...
If you want to know what fuck you money looks like,
it's spending a billion plus on a football club you like just because you can.
But anyway, I mean, with Rumble, they're kind of doing that with Rumble.
So it should be interesting.
I mean, a lot of people's thesis is that Bitcoin will just be incorporated
into all of these different things.
And I think that's probably directionally correct.
I think there's a sweet spot.
There's a window where Noster can be the winner there.
And it would be better for everyone because it's at its core an open protocol.
I just want to apologize to Rob as his largest investor,
not knowing that they don't use taproot addresses.
I feel like I brought shame to my family in that regard.
Yeah, that is a bit disappointing.
I'm not going to lie.
I mean you didn't know either
yes I did I corrected you immediately
did you
yeah
oh god now you got me
falling down a Juventus rabbit hole
Del Piero
Pavel
Nedved
Nedved was my guy back in like FIFA 09
Nedved
just running up the middle
all right moving on the list it's a friday marty if you were um i see jor in the live chat
what sports league would you guys own a team in if you had fuck you money
if I had fuck you
I mean
I love the
lacrosse league
team
unfortunately
lacrosse league
stink
not sure if it'd be
good value there
sustainable value
NFL would be far
I don't think
no
they're not buying
Juventus for value
actually
everybody in Philly
is focused on the Eagles
I would buy a chunk
of the Phillies
I love baseball
I love Washington
I think it's a great game
and as you can see here
I hold the Phillies 2008 World Series
near and dear to my heart
they won
the parade was on
I know exactly where I was
when Satoshi dropped the white paper
I was running through Broad Street
for the Phillies World Series parade
I'd probably buy the Phillies
a stake in the Phillies
I probably wouldn't be able to afford the whole team.
He'd be the influencer.
He'd be less than 1%.
Soccer team would be cool.
F1 would be cool.
F1 would be great.
Being able to go to paddocks in Monaco.
Yeah, I mean, if money was really...
F1 would be able to travel.
If money really wasn't a question,
I'd probably do F1.
I think basketball would be interesting too.
just because like
courtside's a vibe
yeah it's a place to be seen
courtside
yeah
what basketball team would you buy?
I don't know
that's a hard question
when Hyper Big Court
I know what F1 team would be
I'm going to buy the Phillies
just so I can like
I'm like direct competitor
with Steve Cohen
who owns the Mets now
and it's like
Bitcoin guy versus Citadel.
Citadel guy.
I like that.
That's a good idea.
I like the idea
of buying the nuggets
and rebranding them to sats.
Oh,
well,
it wouldn't be sats, right?
Because nuggets are like a
slang term for
pieces of
Yeah,
so we're sats.
sats are pieces of bitcoin sats are equivalent to grams though right like they're not the
so what's a bitcoin what's a bitcoin nugget utx or uh a fat utxo the fat utx yes the denver utx
the denver fat utxos no i think i'd do sats the denver fatties just call them fatties all right
rebranding honestly i don't have that i don't have that much love for the city it's a pretty it's like
a nice it's this nice vibe i guess but i like alliteration so i would move them from denver
to seattle and they would be the seattle sats
i like this i think that's what i would do if it was an nba team
digi nugs that just sounds like a coin all right we gotta get through this list my wife's
got a party she's going to tonight i got the boys okay for the us new us border rolls uh again
And talking about Trojan horse and draconian measures in the United States, this is a step in that direction.
I believe these were sort of snuck in to some guidelines that the Department of Homeland Security put out.
But they include, so the Trump administration has proposed a sweeping change that would require all foreign tourists to disclose up to five years of their social media history before they can travel to the United States.
The proposal outlined U.S. Customs and Border Protection notice also calls for disclosure of information about family members, including names, dates of birth, place of residence, among other personal data.
The agency also plans to collect previously used telephone numbers from the past five years, email addresses from the last 10 years, IP addresses, and metadata from electronically submitted photos, according to the memo.
Not great.
no and the memo also said dna i think biometric like actual dna yeah like what is that like a
pinprick or something do they take a hair sample i don't know i mean look i um
I think, well, first of all, technically this is not approved yet,
but it probably will be approved because it's in line with Trump's executive order.
I think it's a, you know, I understand the argument.
I saw some arguments on Noster.
By the way, Freaks, I would, if I was going to pick one team,
it would definitely be an F1 team.
It wouldn't be the Seattle Saps.
but Marty's upset with me for pulling back and I would buy Ferrari I know
they're not for sale but I would have infinite money in this theoretical so I
would buy them I the problem is is repercussions as someone who likes to
travel so I heard a Noster someone someone on Noster I think made a decent
enough argument that we have a problem with illegal immigration in this country
and we should be very careful about who we let into the country.
And I think on the surface, that argument is actually quite solid
because we definitely do.
That is definitely the reality we live under right now.
The problem is this is actually policy.
This would be policy for tier one partner countries or whatever, right?
So the London elites that come visit America would be subject
to providing everything Marty just explained,
multiple years of social media history,
every email address, every phone number, IP addresses, DNA,
like a shit ton of fucking stuff.
And as Americans, when we travel there,
that's what they're gonna require of us.
Like, I mean, otherwise it's hard to respect them
if they don't respond in kind.
And I like traveling internationally
and I do not wanna give up this information.
Like this is the horrible slippery slope.
um to that point i think i've been very consistent that it's going to be harder like we lived in the
we we we had the privilege of living in the golden age of travel years travel as much as you can get
it in while you can um but like i can't i i do not blame any of my global friends for not visiting
us in America if this is what they have to do.
And I would refuse to do it if I had to go into another country and do this.
Well, tying this back to the Australia story, I'm really interested to see what the adoption
rate and how many people actually go through with the sort of ID to get access to these
social media platforms.
I know, probably not hopeful, but it would be interesting to see if there was some sort
of civil disobedience of people just saying, no, I'm not doing this.
And hopefully the social media companies will just openly report this.
Like since the digital ID law went into effect, X amount of activity has dropped from our platform in these regions, in Australia specifically.
Because that's the other thing too.
Like if there is enough civil disobedience, I mean, like you said, this hasn't implemented yet.
It's a proposal, which is insane.
but
like how big is the
tourism economy in the United States
if
you foreigners are able to hold the ground and not and not succumb to giving up this information It hits the tourism section of the U S economy hard enough
Maybe they back away from it,
but yeah,
I mean,
I don't know how,
like obviously other countries are more reliant on tourism than we are,
at least percentage wise of GDP.
I'm sure like,
it's still like in absolute terms,
a staggering amount of money is generated off of tourism in America just because it's
such a desirable location, like a destination.
But on the Bitcoin side, let's use the Bitcoin side, for example, it's like pretty hard to
with a straight face have any kind of event or conference or whatever in America with
this kind of policy in place.
Yeah.
Like all the people that I'd want to attend would not attend on principle.
yeah and those in my mind a lot of those people are some of the brightest minds in the world
those are the types of people that we want to be you know building businesses in nashville for
instance yeah and that's i mean this goes back to what we were saying earlier about like digital id
as the trojan horse digital id because of the border security i mean this is a step in that
direction essentially it's like well instead of having to um get a mouth swab and uh spend the
hours collecting all this data and sending to it sending it to us each time you decide to come to
the united states we'll just download this app and upload it once and we'll have that recorded
forever you can see that being the mechanism for it and laying the groundwork for it oh 100
100%.
Yeah.
I mean, they're not even being that,
they're not even being that sly about it.
Like all this shit is going to get uploaded to Palantir.
Yeah.
You're shooing Rob Hamilton out of rooms now?
I'd love to see it.
We need to make shooing great again.
Just if somebody's annoying you,
you don't want them in your presence,
just shoo them.
Does Lloyd's of London
ensure against quantum?
That's a question for Rob.
I know.
I was asking him, not you.
I didn't even know
they don't use taproot addresses.
Oh, God.
All right.
On to more dystopian stories.
I love that you loaded the list
with the stuff on a Friday afternoon.
I'm going to try and enjoy my weekend.
from Pascal Bornet.
RIP Privacy.
AI glasses can now recognize anyone, anywhere.
A Dutch journalist just tested a pair of AI-powered glasses
that can instantly identify strangers on the street.
No government database, no police system,
just public data and off-the-shelf AI.
You look at someone's...
Isn't that great?
Their name, LinkedIn, and background appear before your eyes.
The scariest part?
You can't really stop it.
You can ban it, regulate it, add blinking red lights.
But once the tech like this exists,
Someone will always find a way to use it.
To me, this marks a turning point.
It officially blurred the line between seeing people and knowing them,
between being in public and being exposed.
So here's the question.
When every face becomes a data set,
how do we protect the meaning of being human?
That's just jumping straight into the existential questions of our time.
um yeah i mean that's just some ai engagement slop at the end but uh the general concept is sound
and fucked up and scary and i mean i think it goes in line with the last conversation we had
um which is by the way like the answer i've seen a lot of people say like oh well
i just won't have a social media presence or anything like that i won't have email addresses
onfo numbers and as someone who my only social media for the you know over a decade now was was
x and now it's only nostor um i i i i share the sentiment but when you have tech like this
whether it's at the border or whether it's in a restaurant or it's at an employer or something
if you pull if they pull up a face first of all with me obviously my face is out there but if they
pull up a facial recognition of you and they have no data comes up like straight to the gulag like
you know there's not like you didn't just solve the system like oh they don't have a linkedin
blah blah it's like no this person is the most suspicious person ever because they have no
information whatsoever on you while they have information on every other person that walks by
and you get killed by process of elimination it's like that you make your license plate a bunch of
ones and eyes.
So like, oh, they can't tell what my license plate is.
Oh, it's that guy with a bunch of ones and eyes.
Yeah.
Yeah, like every state trooper knows who you are.
It'd be pretty badass, though, to be the guy like showing up to TSA.
They're like, wait a second.
They just won't let you travel.
Like, it'll be badass up until the point where you just get whisked away into the black room
and they ask why no data came up.
this conversation's got thoughts of fed posting in my mind i'm not going to do it though
do we live in a free world do we live in a free country who's going to hold these despots
accountable questions for another day um breaking anchor watch does not ensure
against quantum yet for what it's worth right all right that's the tweet for next week breaking
emergency broadcast
you can't get your
quantum coverage
from Lloyds of London
last
an uplifting story to end the week
uplifting depending on how you look
at it uplifting for Carvana
stockholders
go to the five year chart
do the five year chart
if you bought
Carvana in
the middle of 2023,
you're sitting on a nice
40x right now.
That's such a ridiculous chart.
Marty goes to me
before we go in,
and he's like,
why is the Carvana Yahoo Finance
like at the end of the...
It's just like
a fucking insane chart.
I remember...
I forget.
They had some...
The CEO is there.
I'm pretty sure he's still there.
He was on a podcast.
I think it was with Patrick.
O'Shaughnessy.
What's that show called?
Patrick O'Shaughnessy podcast.
It's a really good one.
Get a perspective on.
Invest like the best. Is it the one with the safe
deposit boxes in the background?
I don't know if it's got safe deposit
boxes in the background. It's called Invest
Like the Best, but he had this guy on and
they were
hurting and he made some changes
and now they're not hurt. They're thriving.
I know people that have bought cars via Carvana too
and had a really good experience.
So it seems like...
Yeah, but they shouldn't have bought a fucking car.
They should have bought the stock.
Yeah, that's true.
That's a ridiculous...
That's like...
It's very rare you see a five-year chart like that.
Oh, what?
How does BTC pins know about that?
I'll get you on there,
but we're not supposed to be talking about that yet.
I was wondering about that.
I didn't know it was public yet.
Who's leaking it?
Who's leaking this?
BTC Pins, keep your mouth shut.
Yeah.
I mean, I'm still working on it.
It's been iterating on it.
If you've been going to the site,
you've seen that we're adding stuff.
But I guess since BTC Pins just blew the pooch,
we'll give an emergency update.
Start a new website, bitcoinproducts.com.
Go check it out.
trying to uh i guess you can you can pull it up logan well we're trying to keep this under wraps
until we finish it um get it up but i don't know i vibe you were this he removed his comment but
you're just okay whatever we're good we'll get you up there ptc pins um jesus christ just try to
keep it under wraps.
I want to know who's the leaker
in the network that I've been teasing
this to to get some feedback.
Go to bitcoinproducts.com
trying to create just a place
for people
to get the best Bitcoin-only products
if your friends and family are getting in.
They're saying, hey, where do I buy Bitcoin?
What wallet should I use?
I vibe-coded a site.
So you can check it out.
That's hilarious.
yeah
I was waiting until next week to release it
as a Christmas gift for the world
how the fuck did you all know about it
Christmas came early this year
for BTC pins I'm going to have to go deep
into my network and figure out who
who leaked this information
I made it very explicit
not trying to market it publicly yet
well why don't we just
BTC pins like Marty's not going to add you
to the website unless you
no no we don't advocate snitching
either. Okay. This is, this is, this is something that you,
it's just a little friendly gulag behavior.
Yeah. Yeah. I got leaks and leaks in the ship. You never like to see it.
Leaks in the ship.
There's people leaking the new website that I didn't want public yet, baby.
What do you think of that?
Don't talk. Don't talk.
My wife just checked. She's got a good voice recognition.
before we wrap
Cactus Jack zapped 100,000 sats
100k just because
love you guys been listening for years
first time I've been able to listen live
thank you sir
thank you for the zap
you know what I don't mind BTC pins
we're going to get you on the site
you know what
ship iterate get it out there
bitcoinproducts.com go check it out
what are you going to do
You're going to add another category that's just pins?
Like, what category do you put them in?
Accessories.
If you get accessories, we have an accessories category.
Why is CoinKite in accessories?
Are they in hardware wallets too?
Yeah.
You go across categories.
I'm doing it live.
Okay.
Should we wrap?
Let's wrap.
Stay on the Stack Sats.
Peace and love, freaks.
you