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What's up freaks? This rip of RHR was brought to you by our good friends at CoinKite.

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They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves,

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it's got a full screen, full keyboard here. As you can see, if you're watching, if you can't watch,

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Matt and I have been talking about privacy and the importance of using a VPN for seven years now, literally seven years.

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I believe at least once every episode or two.

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It's like, hey, make sure you're running a VPN.

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I think it's especially important today where you have governments in the UK, other parts of Europe, all across the world, really trying to introduce digital ID and curbing speech with hate speech laws.

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Make sure you're protecting your privacy and shielding yourself from government surveillance as you're perusing the web.

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our VPN of choice here at RHR is Obscura is built by a Bitcoiner for Bitcoiners. Carl Dung

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did some very critical work for Bitcoin back in the day, but he decided to shift his focus to

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bring privacy to everybody with Obscura. It is a VPN that cannot log literally by the way it's

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designed. A lot of VPNs will hand ways say we're not logging. We're not logging. You can't trust

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them. You want the VPN that cannot log. That is Obscura. Go to Obscura.net. Use the code RHR for

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25% off when you sign up any of their deals. Make sure you're using it, particularly if you're in

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one of these countries where the governments are becoming extremely censorious and targeting

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citizens that exhibit wrong think you should be running a VPN. That VPN should be obscura,

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obscura.net, code RHR, 25% off. This rip was brought to you by our official electrolyte

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sponsor here at RHR, Salt of the Earth. You've been hearing Matt and I talk about it quite a bit.

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I drink multiple packets of it a day

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You gotta stay hydrated

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That's why my face looks so good

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That's why I'm getting buff

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I'm able to get to the gym more

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Because I'm hydrated

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Matt, he's looking incredible

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I'm sure you've all noticed it

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You wanna know why?

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Salt of the earth, baby

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Go to drinkssauté.com

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Use the code RHR

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You're gonna get 15% off

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I'm dead serious

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It hasn't made my life way better

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My wife, she's right behind me right now laughing

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But she's laughing because she knows it's true

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She drinks like seven a day

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I drink a few a day

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maybe seven a day too. Matt, I don't even want to tell you how much he's drinking. It's good.

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It keeps you hydrated. It keeps you alert. Keeps you ready to go. Drink saute.com. That's D-R-I-N-K-S-O-T-E.com.

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Use the code RHR for 15% off any order.

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You've had a dynamic where money's become freer than free.

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If you talk about a Fed just gone nuts, all the central banks going nuts.

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So it's all acting like safe haven.

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I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins.

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In the world of fiat currencies, Bitcoin is the victor.

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I mean, that's part of the bull case for Bitcoin.

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If you're not paying attention, you probably should be.

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What is up, freaks? Welcome back to Rabbit Hole Recap.

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Wait, wait, wait.

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Okay, now we're on air.

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On Primal.

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Happy Friday.

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Cheers.

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A little exotic drink for you freaks.

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That's Irish.

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We call this a half and half.

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Either get a lager or a pilsner on the bottom,

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then a Guinness on top.

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I've got a Wurst Diner, pilsner,

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a little German pils on the bottom there.

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There we go.

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not an easy pour but a good taste we're gonna need a lot more where that's coming from while

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we're waiting for the super cycle to materialize hey dude we're at 90k we're in 90k are we are we

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below we're a little bit below uh uh all right i'm gonna click bait x is bitcoin

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is quantum going to kill bitcoin

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wow i did a non-click clickbait title though

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the printer is coming

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that's like the bank runs continue i could probably do that title every week if i wanted to

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printer is coming is a printer here 40 billion a month is that what i heard

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i don't know it's intentionally confusing

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it is we're late friday afternoon right rider dies if you're on the east coast

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it's the christmas season it's 350 on a friday if you're at your desk

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if you're forced to be chained at your desk number one i'm sorry number two hopefully we can

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hopefully we can increase the enjoy the enjoyment you get the last last couple hours of your work

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week here if you're on the west coast a little midday rip if you're in europe staying in on a

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friday night thank you you're asleep if you're in europe i guess you're not asleep

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if you have children you might be asleep no not yet almost there depends where in europe europe's

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decently large

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how we doing how was your week did you see the news that trump is trying to get austria hungry

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back together to leave the eu together yeah that would be sick we need to break up the

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let's bring it back bring back the holy roman empire uh structure of of that part of the world

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bunch of little that was a that was a crazy headline i didn't expect it i mean poland's

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been fucking crushing he wants to get like poland hungary austria i think italy he's trying to get

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Yeah, it's basically the Austria-Hungary Empire.

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Hungarian.

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Hungarian Empire.

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Yeah.

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I mean, I've recorded with Susan Kokinda earlier this week.

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That episode was released.

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I also recorded with Tom Luongo earlier this week.

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That'll come out tomorrow.

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for anybody interested in that sort of inter-cabal squabble

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thesis where old Europe, particularly the city of London.

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The Brits. The Brits are coming.

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The Brits and that old money cabal really does not want the U.S. to have sovereignty,

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jumping into that thesis.

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I mean, it is an interesting framework and thesis from which to view the world right now.

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It does seem like Europe is not happy with the moves we're making over here.

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Is it intercabal squabble?

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Is it intercabal squabble?

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Is it mandibles?

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What is it?

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It's mandibles than Bitcoin standard, but there's many intercabal squabbles for a while.

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I think I own intercabalsquabble.com.

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That's a great domain name.

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Yeah.

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I don't know what we'll use it for.

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He doesn't physically mean people in London, right?

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No, City of London.

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If you go watch the Susan Kikinda episode.

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They don't live in London anymore, right?

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Well, apparently it's like Vatican City in DC.

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There is a City of London corporate entity within a physical location.

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Can you imagine?

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London.

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Okay, so let me just walk you through a thought experiment, okay?

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You're richer than comprehension.

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You're richer than comprehension.

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You have incredible influence around the world.

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And you choose to live in London.

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It just doesn't, that doesn't make sense to me.

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I've never been to London, so I can't speak on it.

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I've heard it's wonderful.

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It doesn't line up.

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it doesn't line up

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but I can see if they're like

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it's more of a philosophical

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city of London

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like it's in their hearts

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the city of London is in their hearts

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but they don't live there

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their grandfathers lived there

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well this is I mean the city of London

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theory it goes back like hundreds and hundreds of years

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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.

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we've got we've got some british freaks in the uh or i don't know if they're british it could be

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scottish or irish or welsh uh uk still awake kids in bed great timing i um i also see in the youtube

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chat london is sick like a euro boston which is funny because i my lady and i called boston trash

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london i i also if you have unfathomable wealth like i wouldn't choose boston as my

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home base either but yeah a lot of people do a lot of people do a lot of wealth in massachusetts

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in boston shout out our boston freaks love you guys shout out to the boston freak shout out to

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mccoy for the 21 012 sat zap poundrums at freedom money that's right baby freedom money straight

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from McCoy.

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Represent.

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All right, let's jump into the dashboard.

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We alluded to the price being under 90K.

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Let me pull it up.

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We're at $90,300.

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Bumped over.

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Bullish.

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The market's like us talking about the city of London.

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Everybody's smash buying as they understand.

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Intricate ball squabble is only going to heat up from here

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and you need to get access to freedom money.

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One cuck buck is going to get you 1,107 sats.

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We're at a $1.8 trillion market cap.

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We are at block height 927,621,

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which means we had a difficulty adjustment

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between last week's episodes and this week's episode.

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It was a negative 0.7% downwards adjustment.

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Blocks came in at 10 minutes and one second on average during that epoch.

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We're currently 1,755 blocks away from the next target difficulty.

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re-target, excuse me, adjustment.

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Estimated to be on Christmas Eve 2025,

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looking like an upwards adjustment of 6.4%.

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Blocksman coming in at 9 minutes and 25 seconds on average

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since the last adjustment.

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And if you remember, it was looking like a steeper

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downward difficulty adjustment last week

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when we looked at it, and it wasn't as bad as was expected.

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The price went up a little bit over the week,

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and it did warm up in parts of the country.

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So it was a combination of economics becoming better for miners.

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So they decided to turn back on and demand response not being as demanded as the temperature increased.

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There are currently 1,042 transactions in Clark's Mempool.

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If we go over to mempool.space, we will see that they have 44,274 transactions in their Mempool.

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and hey, mempools are hot right now.

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One sap per V, but we'll get you into the next block.

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Wow, hot.

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Super expensive.

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Maybe we need to reverse jinx this.

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Will mempools ever be full again?

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Mempools are full right now.

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They're just...

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Will there ever be a cost to getting a transaction in?

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My call was way too early.

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Being early is just as, what is it?

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It's the same as being wrong or whatever the saying is.

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Yeah, I mean, I got that one way wrong.

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But I still think as Bitcoin adoption increases

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and scarce block space does not increase, fees should rise.

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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

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be proactive freaks don't be complacent great time to consolidate utxos it's been a great time

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next week will probably be a great time last week was a great time yeah who knows how much time you

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have but probably a decent amount more we're fans of fat utxos at this show okay i'm a million sat

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UTXO guy.

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Yeah, I think that's probably overkill.

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$1,000?

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Well, I guess $890.

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$900.

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We're pumping.

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The city of London is bullish.

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You just hopped off Citadel Dispatch

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with our good friend and colleague, John Arnold.

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Any thoughts on that episode?

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I love that dude.

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What a good dude.

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He's a great dude.

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He's a great dude.

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no it's an honor and a privilege to to work alongside him and uh it was a good dispatch

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check it out after rabbit hole recap search still dispatching your favorite podcast app

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and on that note i don't have it on the list um but if you haven't signed the samurai uh pardon

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petition uh please consider it and marty had kian on tftc um so if you haven't listened to that give

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that a listen to after rhr yeah i mean they've got seven days kian and bill until they have to report

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we can pardon them after they we can report it would be a great shame if they spend even a day

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in prison considering the nature and facts of the trial and the charges themselves

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yeah go listen to not only the tftc episode kian has been on the circuit really trying to get the

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message out there um shout out to him bill their wives lauren and sabrina lauren and sabrina wrote

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a letter

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basically making the case like hey this is messed up

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but it's a really

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beautiful letter

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Logan if you can find that link to it

234
00:16:06,606 --> 00:16:08,566
in the show notes and

235
00:16:08,566 --> 00:16:12,286
yeah keep making noise of the

236
00:16:12,286 --> 00:16:14,826
change.org petition

237
00:16:14,826 --> 00:16:16,406
across 5000 signatures

238
00:16:16,406 --> 00:16:18,486
yesterday which is great to see

239
00:16:18,486 --> 00:16:20,326
I think last week when we

240
00:16:20,326 --> 00:16:22,786
when we brought up the petition

241
00:16:22,786 --> 00:16:24,646
I think it had like 3200 so

242
00:16:24,646 --> 00:16:26,426
more than doubled

243
00:16:26,426 --> 00:16:27,146
or excuse me

244
00:16:27,146 --> 00:16:29,006
grew by more than 50%

245
00:16:29,006 --> 00:16:29,866
week on week.

246
00:16:30,166 --> 00:16:31,686
I think they need to get to 100,000

247
00:16:31,686 --> 00:16:32,806
before it officially

248
00:16:32,806 --> 00:16:34,426
gets presented.

249
00:16:35,206 --> 00:16:36,726
Is there an official number?

250
00:16:37,306 --> 00:16:38,346
I think there's something like

251
00:16:38,346 --> 00:16:39,626
the change.org petition

252
00:16:39,626 --> 00:16:41,126
so they get 100,000 signatures.

253
00:16:41,666 --> 00:16:43,486
They get flagged to people

254
00:16:43,486 --> 00:16:44,926
in DC.

255
00:16:44,986 --> 00:16:47,526
I think you just need the right person.

256
00:16:48,586 --> 00:16:50,086
I think it's more of an art

257
00:16:50,086 --> 00:16:50,846
than a science.

258
00:16:52,966 --> 00:16:54,326
Grease the right wheels.

259
00:16:54,326 --> 00:16:55,386
get the right person.

260
00:16:56,986 --> 00:16:58,486
But if you are that person

261
00:16:58,486 --> 00:16:59,786
and you're listening right now,

262
00:17:00,506 --> 00:17:01,486
consider going to

263
00:17:01,486 --> 00:17:04,606
billandkeyon.org

264
00:17:04,606 --> 00:17:06,026
to learn more.

265
00:17:09,046 --> 00:17:09,606
But

266
00:17:09,606 --> 00:17:11,386
this is America.

267
00:17:11,646 --> 00:17:12,506
We shouldn't have

268
00:17:12,506 --> 00:17:15,746
open source developers

269
00:17:15,746 --> 00:17:16,966
being thrown in jail

270
00:17:16,966 --> 00:17:18,426
for self-custody software.

271
00:17:18,906 --> 00:17:19,206
Period.

272
00:17:20,706 --> 00:17:20,846
Yeah.

273
00:17:20,846 --> 00:17:30,246
never technically a money transmitter the southern district of new york prosecutors

274
00:17:30,246 --> 00:17:37,626
went to or no it was the fbi i guess went to if it said before they before they raided uh kian and

275
00:17:37,626 --> 00:17:44,166
bill's homes and dragged them out and the rest of them they asked finsen like hey we want to get

276
00:17:44,166 --> 00:17:48,466
these guys for money laundering are they money transmitter in your eyes finsen said no they don't

277
00:17:48,466 --> 00:17:55,166
take custody of funds, which is a prerequisite for being an official money transmitter.

278
00:17:55,826 --> 00:18:02,246
And they decided to raid their homes and charge them with conspiracy to money launder or any

279
00:18:02,246 --> 00:18:05,366
without a money transmitter license.

280
00:18:05,886 --> 00:18:09,906
Anyway, completely insane.

281
00:18:09,906 --> 00:18:16,946
And I knew this at the time, but I was reminded during my conversation with Kian earlier this

282
00:18:16,946 --> 00:18:26,706
week that the judges got switched midway and the defense basically put up some motions

283
00:18:26,706 --> 00:18:34,826
to hear some certain arguments and the judge that replaced the original judge basically

284
00:18:34,826 --> 00:18:39,326
dismissed all the motions and said, no, you can't argue any of these things in court and

285
00:18:39,326 --> 00:18:40,566
trial by jury.

286
00:18:40,966 --> 00:18:45,726
If you can't argue very sensible things, it's going to be hard to convince them, which is

287
00:18:45,726 --> 00:18:47,046
what led them to take the plea deal.

288
00:18:47,426 --> 00:18:47,866
Very corrupt.

289
00:18:47,986 --> 00:18:48,966
Southern District of New York.

290
00:18:50,986 --> 00:18:52,406
Running lawless down there.

291
00:18:53,386 --> 00:18:54,246
On to the list.

292
00:18:55,186 --> 00:18:56,966
I just want to just real quick,

293
00:18:57,246 --> 00:19:00,066
I smiled during that.

294
00:19:01,686 --> 00:19:04,266
That was because of a live chat comment,

295
00:19:04,426 --> 00:19:06,826
not because of the topic that Marty was talking about.

296
00:19:06,946 --> 00:19:08,126
And the live chat comment was,

297
00:19:08,126 --> 00:19:10,126
if RHR was the all-in podcast,

298
00:19:10,326 --> 00:19:12,726
would you say Marty is our Jason Calacanis?

299
00:19:13,406 --> 00:19:14,126
What the fuck?

300
00:19:14,306 --> 00:19:15,086
No, please.

301
00:19:15,726 --> 00:19:18,486
I'm Marty Bent

302
00:19:18,486 --> 00:19:19,286
okay

303
00:19:19,286 --> 00:19:22,166
I'm my own man

304
00:19:22,166 --> 00:19:24,746
Jason Calacanis wishes he could be

305
00:19:24,746 --> 00:19:26,446
the Marty Bent

306
00:19:26,446 --> 00:19:27,766
of the All In podcast

307
00:19:27,766 --> 00:19:30,786
do I whine?

308
00:19:30,786 --> 00:19:32,846
am I antagonistic?

309
00:19:34,586 --> 00:19:36,566
am I intentionally abuse?

310
00:19:38,266 --> 00:19:40,026
it's hard to be more offensive

311
00:19:40,026 --> 00:19:41,566
than that one

312
00:19:41,566 --> 00:19:42,966
who said this?

313
00:19:43,666 --> 00:19:44,426
where was this?

314
00:19:44,426 --> 00:19:48,946
this is youtube chat this is french huddle yeah french huddle

315
00:19:48,946 --> 00:19:55,506
i already had enough reasons not to like the french you just added another one okay

316
00:19:55,506 --> 00:20:01,786
i'm kidding i have respect for some french people out there i won't i won't broad brush

317
00:20:01,786 --> 00:20:02,406
the French.

318
00:20:07,866 --> 00:20:10,106
All right.

319
00:20:10,606 --> 00:20:11,626
First up on the list,

320
00:20:11,706 --> 00:20:12,306
I like this stark.

321
00:20:12,406 --> 00:20:14,766
Gridless has released

322
00:20:14,766 --> 00:20:19,186
a developer release

323
00:20:19,186 --> 00:20:21,186
of the Juacali

324
00:20:21,186 --> 00:20:21,846
Hua?

325
00:20:22,046 --> 00:20:23,266
Juacali Miner.

326
00:20:23,386 --> 00:20:24,346
An open source project

327
00:20:24,346 --> 00:20:25,086
that allows farmers

328
00:20:25,086 --> 00:20:25,846
and small industries

329
00:20:25,846 --> 00:20:27,706
to make use of their excess solar energy

330
00:20:27,706 --> 00:20:28,506
to mine Bitcoin.

331
00:20:29,306 --> 00:20:29,866
And they're going to do

332
00:20:29,866 --> 00:20:31,126
a live Bitcoin

333
00:20:31,126 --> 00:20:32,646
at the African Bitcoin conference.

334
00:20:35,506 --> 00:20:36,726
They sent this last week.

335
00:20:36,786 --> 00:20:39,046
I think the African Bitcoin conference was last week.

336
00:20:39,166 --> 00:20:40,366
So they've already demoed it.

337
00:20:41,146 --> 00:20:41,806
This is cool to see.

338
00:20:42,026 --> 00:20:44,366
I mean, Gridless, we've talked about many times

339
00:20:44,366 --> 00:20:45,586
over the last few years.

340
00:20:45,966 --> 00:20:47,246
For those who are unaware,

341
00:20:48,006 --> 00:20:49,066
this Bitcoin mining company

342
00:20:49,066 --> 00:20:51,646
helping to bootstrap energy infrastructure

343
00:20:51,646 --> 00:20:55,086
in rural villages throughout Africa.

344
00:20:55,086 --> 00:20:57,686
They essentially go in, I think,

345
00:20:58,606 --> 00:21:00,826
predominantly use hydroelectric and solar

346
00:21:00,826 --> 00:21:06,466
to do this. The problem that exists in these remote villages is they don't have a lot of

347
00:21:06,466 --> 00:21:13,526
electricity infrastructure. And there's never really been a good economic case for it because

348
00:21:13,526 --> 00:21:19,046
you can build a 5-megawatt, 10-megawatt substation, produce the electricity, but there's not enough

349
00:21:19,046 --> 00:21:25,566
buyers on the other side of that. And so gridless can come in, use mining infrastructure to be a

350
00:21:25,566 --> 00:21:28,386
of that energy, of that excess capacity,

351
00:21:28,586 --> 00:21:31,366
bring down prices for residential consumers

352
00:21:31,366 --> 00:21:35,146
and allow the utility to invest in the expansion

353
00:21:35,146 --> 00:21:36,986
of that electricity grid.

354
00:21:37,046 --> 00:21:37,586
Why are you laughing?

355
00:21:40,846 --> 00:21:42,206
You're Jermoth.

356
00:21:43,566 --> 00:21:44,686
You're getting this back.

357
00:21:49,246 --> 00:21:53,386
There are some good French people.

358
00:21:55,566 --> 00:21:57,826
Will you pull together there?

359
00:21:58,026 --> 00:21:59,746
I'm talking about a very serious project

360
00:21:59,746 --> 00:22:03,606
that's helping bootstrap energy infrastructure

361
00:22:03,606 --> 00:22:05,346
in remote villages in Africa,

362
00:22:05,446 --> 00:22:06,466
and you're just laughing at me.

363
00:22:06,526 --> 00:22:07,106
This is terrible.

364
00:22:08,266 --> 00:22:10,126
I just shouldn't read the live chat.

365
00:22:11,886 --> 00:22:14,046
I used to have to yell at you for reading the live chat.

366
00:22:14,206 --> 00:22:14,866
I stopped.

367
00:22:14,986 --> 00:22:16,046
Maybe I have to get back to it.

368
00:22:22,046 --> 00:22:23,766
The grid list is awesome.

369
00:22:23,766 --> 00:22:25,626
I think this initiative is pretty fucking cool.

370
00:22:26,206 --> 00:22:26,966
I love those guys.

371
00:22:27,066 --> 00:22:28,366
I think they're doing really great work.

372
00:22:29,086 --> 00:22:31,506
And that's why I let it off on the list.

373
00:22:32,466 --> 00:22:35,226
But I mean, it's also cool.

374
00:22:35,326 --> 00:22:43,166
Like, I think it's important to note here that it's, you know, it's more than just talk.

375
00:22:43,246 --> 00:22:44,326
They walk the walk.

376
00:22:45,126 --> 00:22:47,186
They immediately released everything.

377
00:22:47,366 --> 00:22:49,526
It's not just like, oh, we're going to open source it later.

378
00:22:49,526 --> 00:22:53,766
and I think it's a really cool initiative.

379
00:22:54,346 --> 00:23:02,446
I mean, I can spend hours talking about just Gridless on its own.

380
00:23:07,046 --> 00:23:08,166
It's really cool what they're doing.

381
00:23:08,246 --> 00:23:09,286
No one else is really doing that.

382
00:23:10,206 --> 00:23:12,106
Yeah, shout out to Eric from the team there.

383
00:23:12,106 --> 00:23:15,386
Eric, if you ever have the honor and the pleasure

384
00:23:15,386 --> 00:23:17,726
of meeting Eric, the founder of Gridless, he's one of my favorites.

385
00:23:17,726 --> 00:23:19,986
Yeah, what's his co-founder's name?

386
00:23:20,006 --> 00:23:20,986
I've only met Eric.

387
00:23:21,306 --> 00:23:22,966
Well, I think I met his co-founder briefly.

388
00:23:25,906 --> 00:23:27,086
It is escaping me.

389
00:23:27,226 --> 00:23:28,226
We'll have to go to their website.

390
00:23:28,686 --> 00:23:31,526
And he's...

391
00:23:31,526 --> 00:23:35,846
Eric's handle is white African on X.

392
00:23:35,906 --> 00:23:37,626
I know, such a good fucking handle.

393
00:23:40,846 --> 00:23:42,126
But yeah, Eric's legit.

394
00:23:42,126 --> 00:23:44,066
I've spent a lot of good quality time at Eric.

395
00:23:47,726 --> 00:23:50,026
yeah I can't

396
00:23:50,026 --> 00:23:56,086
I don't know I'm sorry I shouldn't have put you on the spot

397
00:23:56,086 --> 00:23:58,286
you put me on the spot now you know me

398
00:23:58,286 --> 00:24:00,046
once you send me down a rabbit hole

399
00:24:00,046 --> 00:24:01,206
let's go figure it out

400
00:24:01,206 --> 00:24:02,486
Philip Walton

401
00:24:02,486 --> 00:24:03,886
there we go

402
00:24:03,886 --> 00:24:07,046
I think I met

403
00:24:07,046 --> 00:24:08,526
I think I met Philip once

404
00:24:08,526 --> 00:24:11,706
but I spent a lot of good quality time with Eric

405
00:24:11,706 --> 00:24:12,186
anyway

406
00:24:12,186 --> 00:24:16,726
really cool project

407
00:24:16,726 --> 00:24:22,366
and again it uh

408
00:24:22,366 --> 00:24:30,446
stop reading the chat it highlights the uh i'm now i'm just laughing at myself previously reading

409
00:24:30,446 --> 00:24:41,266
the chat sorry it highlights the um the breadth and the aperture which bitcoin mining can solve

410
00:24:41,266 --> 00:24:43,186
problems. Obviously, here in the United States,

411
00:24:43,326 --> 00:24:45,226
ERCOT, TVA, other grid

412
00:24:45,226 --> 00:24:47,106
systems, you have these massive

413
00:24:47,106 --> 00:24:48,346
facilities going up

414
00:24:48,346 --> 00:24:51,386
to take care of an overabundance

415
00:24:51,386 --> 00:24:52,506
of electricity.

416
00:24:53,786 --> 00:24:55,286
In grid lists, you sort

417
00:24:55,286 --> 00:24:57,286
of have the other side of the equation.

418
00:24:57,386 --> 00:24:59,266
How do you bootstrap energy systems?

419
00:24:59,346 --> 00:25:00,106
And that's what they're doing.

420
00:25:01,886 --> 00:25:03,266
Moving down the list, Bitcoin

421
00:25:03,266 --> 00:25:05,226
after hours. There's a new ETF launching

422
00:25:05,226 --> 00:25:06,726
as if we didn't have enough.

423
00:25:07,746 --> 00:25:09,026
Eric Balkunas

424
00:25:09,026 --> 00:25:12,226
made everybody aware a few days ago

425
00:25:12,226 --> 00:25:13,726
that Bitcoin After Dark...

426
00:25:13,726 --> 00:25:14,966
This is fucking hilarious.

427
00:25:15,626 --> 00:25:18,726
It's not a new section of HBO programming

428
00:25:18,726 --> 00:25:20,366
after 10 p.m.

429
00:25:20,366 --> 00:25:22,566
It is an ETF, a new filing for an ETF

430
00:25:22,566 --> 00:25:24,526
that will only hold Bitcoin at night,

431
00:25:25,206 --> 00:25:26,666
buying it when the market closes,

432
00:25:27,426 --> 00:25:28,566
and selling it when it opens.

433
00:25:29,386 --> 00:25:30,466
In another timeline,

434
00:25:31,686 --> 00:25:34,366
Bitcoin After Dark is actually a series by Guy Swan

435
00:25:34,366 --> 00:25:36,286
where he reads you old Playboy magazines.

436
00:25:39,026 --> 00:25:45,386
wow no we should actually try to convince him to make that

437
00:25:45,386 --> 00:25:51,306
and uh it's what i understand the article yeah it was like hunter s thompson article it wasn't

438
00:25:51,306 --> 00:25:57,626
really uh wasn't really vulgar in nature if you will no i suppose it was like it was good

439
00:25:57,626 --> 00:26:07,206
good writing yeah i um no i mean this is i i don't know i just this is the most wall street

440
00:26:07,206 --> 00:26:12,966
thing ever right so the market wall street has to deal with a market that never closes in bitcoin

441
00:26:13,926 --> 00:26:22,246
and recently what we've seen happen is as soon as u.s markets opened uh and ibit starts trading

442
00:26:22,246 --> 00:26:27,926
bitcoin dumps and then when markets close as soon as markets it's a 10 a.m dump which is

443
00:26:27,926 --> 00:26:34,726
zero hedge is always on every day yeah we talked about me and john talked about this and then um

444
00:26:34,726 --> 00:26:38,026
As when markets close, Bitcoin starts ripping again.

445
00:26:39,286 --> 00:26:45,426
And so the real answer is to hold real Bitcoin, learn how to self-custody and use Bitcoin properly.

446
00:26:46,446 --> 00:26:56,426
But the Wall Street answer is to release an ETF that only is exposed to Bitcoin during the hours that US markets are closed.

447
00:26:59,606 --> 00:27:02,066
Are they trying to bring back like the Asian pump?

448
00:27:02,806 --> 00:27:04,966
I miss the days of the Asian hours pump.

449
00:27:05,306 --> 00:27:08,726
It would hit like 6 p.m. or 8 p.m. on the East Coast.

450
00:27:09,066 --> 00:27:11,046
Asia would wake up and the price would just start pumping.

451
00:27:11,926 --> 00:27:14,786
Yeah, we have a joke in my family.

452
00:27:14,906 --> 00:27:15,966
Oh, Hong Kong's awake.

453
00:27:18,766 --> 00:27:19,666
Logan, pull up this week.

454
00:27:19,766 --> 00:27:22,146
I mean, it does dump and it's always at 10 a.m.

455
00:27:22,146 --> 00:27:23,086
You can go check the charts.

456
00:27:23,346 --> 00:27:24,406
Either pumps or dumps.

457
00:27:25,206 --> 00:27:25,986
Yesterday pumped.

458
00:27:26,346 --> 00:27:26,986
Today dumped.

459
00:27:26,986 --> 00:27:37,986
I mean, Zero Hedge has been following these Jane Street 10am market slams for years, and not only in Bitcoin.

460
00:27:37,986 --> 00:27:50,432
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

461
00:27:50,432 --> 00:27:54,792
then it buys calls after they beat up the price jane street is one of the biggest market makers

462
00:27:54,792 --> 00:28:00,512
in the high frequency trading firms in the world strain jane street holds 2.5 billion dollars worth

463
00:28:00,512 --> 00:28:05,872
of ibit their fifth largest position they own shares directly and they are the second larger

464
00:28:05,872 --> 00:28:10,892
owner of ibit calls options to buy more ibit how does this all work they dump bitcoin at the open

465
00:28:10,892 --> 00:28:15,792
push the price into liquidation zones re-enter lower repeat daily they've accumulated billions

466
00:28:15,792 --> 00:28:19,952
in bitcoin this way free bitcoin in effect don't listen to people saying it's not possible to

467
00:28:19,952 --> 00:28:26,492
manipulate bitcoin price of course that's exactly what is going on i mean this is not manipulation

468
00:28:26,492 --> 00:28:33,812
but it's just uh he's probably directionally correct free market everything's manipulation

469
00:28:34,032 --> 00:28:34,932
Everything's manipulation.

470
00:28:35,412 --> 00:28:38,572
In a free market, this is fair.

471
00:28:38,912 --> 00:28:40,792
This is what free markets are.

472
00:28:41,452 --> 00:28:42,692
Don't hate the player, hate the game.

473
00:28:43,572 --> 00:28:44,572
Don't hate the game either.

474
00:28:44,672 --> 00:28:45,552
Free markets are awesome.

475
00:28:47,472 --> 00:28:50,392
There's another way to say your size is in size.

476
00:28:50,612 --> 00:28:51,512
Jane Street has size.

477
00:28:52,112 --> 00:28:53,612
Just stay humble and stack sets.

478
00:28:53,612 --> 00:28:57,172
They're also directionally long in a big way.

479
00:28:58,432 --> 00:29:00,692
Just ride the waves.

480
00:29:00,692 --> 00:29:04,272
I see Rob Hamilton commented in the Nostra live chat.

481
00:29:04,572 --> 00:29:06,552
Can't believe Matt is reading the YouTube live chat.

482
00:29:06,752 --> 00:29:08,712
Just know that reading both.

483
00:29:10,232 --> 00:29:13,052
And we have Soap Miners app 53,000 sassy said,

484
00:29:13,152 --> 00:29:15,652
PSA, if you want your Christmas gifts delivered on time,

485
00:29:15,752 --> 00:29:18,352
please have your order in by the 14th this Sunday.

486
00:29:18,652 --> 00:29:20,632
The RHR code is obviously popular.

487
00:29:21,232 --> 00:29:23,112
Used 53 times now.

488
00:29:24,432 --> 00:29:25,972
A lot of dirty freaks out there.

489
00:29:27,072 --> 00:29:27,972
A lot of dirty freaks.

490
00:29:28,312 --> 00:29:29,592
No, no, a lot of clean freaks out there.

491
00:29:29,592 --> 00:29:32,592
reframe, reframe of the Jane Street thing, silver lining,

492
00:29:33,152 --> 00:29:35,092
their bullish Bitcoin, they're trying to get as much as possible,

493
00:29:35,192 --> 00:29:37,032
reframing of your soap miner comment there.

494
00:29:37,232 --> 00:29:39,332
There's a lot of clean freaks out there because they're buying the soap.

495
00:29:39,732 --> 00:29:40,292
It's obvious.

496
00:29:40,472 --> 00:29:41,152
They're clean now.

497
00:29:41,932 --> 00:29:47,632
These 53 of you are cleaner than you were before you bought that soap.

498
00:29:47,752 --> 00:29:48,312
It's good to know.

499
00:29:50,472 --> 00:29:52,852
I mean, do you think that's market manipulation?

500
00:29:55,332 --> 00:29:59,452
When I said anything's manipulation, it means nothing's manipulation.

501
00:29:59,592 --> 00:30:01,972
me going smash buying $5

502
00:30:01,972 --> 00:30:02,652
on

503
00:30:02,652 --> 00:30:05,832
I feel like Jason

504
00:30:05,832 --> 00:30:08,072
would consider this manipulation

505
00:30:08,072 --> 00:30:09,712
well

506
00:30:09,712 --> 00:30:11,912
Jason also thinks

507
00:30:11,912 --> 00:30:12,972
Tether's a scam so

508
00:30:12,972 --> 00:30:16,272
he would definitely cry about this

509
00:30:16,272 --> 00:30:17,932
do you think Jason

510
00:30:17,932 --> 00:30:19,552
is Bitfinexed

511
00:30:19,552 --> 00:30:22,112
it would not be

512
00:30:22,112 --> 00:30:23,472
surprised that would be great

513
00:30:23,472 --> 00:30:26,152
that would be a great timeline if Jason was Bitfinex

514
00:30:26,152 --> 00:30:27,352
he's been butthurt

515
00:30:27,352 --> 00:30:30,332
and then when his fractionally reserved

516
00:30:30,332 --> 00:30:32,352
bank of choice goes under

517
00:30:32,352 --> 00:30:34,412
because of their duration risk, he cries.

518
00:30:35,012 --> 00:30:36,672
Cries poor and begs the government

519
00:30:36,672 --> 00:30:38,552
for a handout. That's fucking ridiculous.

520
00:30:39,112 --> 00:30:40,092
Lest the whole

521
00:30:40,092 --> 00:30:42,112
of Silicon Valley

522
00:30:42,112 --> 00:30:44,492
implode. No, the most ridiculous

523
00:30:44,492 --> 00:30:46,072
part about that is they

524
00:30:46,072 --> 00:30:48,012
instantly bailed out USDC.

525
00:30:49,512 --> 00:30:50,552
That would have been

526
00:30:50,552 --> 00:30:51,352
glorious.

527
00:30:53,032 --> 00:30:54,692
And fucking glorious.

528
00:30:54,692 --> 00:31:02,492
speaking of glorious brian zapped us twice first one 100 000 sats no respect for open source

529
00:31:02,492 --> 00:31:08,412
devs or the french and then 40 000 sats marty's being super theorial guys

530
00:31:08,412 --> 00:31:17,972
i missed those thank you sir thank you guys it's a good way down to friday let's get let's see if

531
00:31:17,972 --> 00:31:22,572
Let's see if we can get to 100 million sats and zaps today.

532
00:31:22,992 --> 00:31:24,072
Let's do it, Freaks.

533
00:31:24,172 --> 00:31:24,872
Let's get to 100 million.

534
00:31:24,872 --> 00:31:25,692
Let's just set a record.

535
00:31:26,532 --> 00:31:27,992
Yeah, let's just set a record.

536
00:31:28,192 --> 00:31:29,592
100 million sats and zaps.

537
00:31:30,472 --> 00:31:31,472
Let's push the limits.

538
00:31:31,652 --> 00:31:35,452
This is testing purposes for streaming over Nostra.

539
00:31:35,632 --> 00:31:36,612
This is what we need to do.

540
00:31:39,172 --> 00:31:40,572
I kid somewhat.

541
00:31:41,692 --> 00:31:42,752
Bitcoin after hours.

542
00:31:42,912 --> 00:31:44,232
What do you think that's going to do to the market?

543
00:31:45,232 --> 00:31:45,592
How much?

544
00:31:47,972 --> 00:31:50,532
I think it's a...

545
00:31:50,532 --> 00:31:51,992
So what's the value prop there?

546
00:31:52,112 --> 00:31:55,272
So they're only buying after hours, selling at the market.

547
00:31:55,332 --> 00:31:57,772
But if you hold the ETF as an ETF holder,

548
00:31:57,892 --> 00:32:00,192
you're not selling shares, obviously,

549
00:32:00,412 --> 00:32:01,992
if you hold it for the long term.

550
00:32:03,892 --> 00:32:06,812
It's an actively traded ETF.

551
00:32:10,312 --> 00:32:10,752
Okay.

552
00:32:11,572 --> 00:32:14,212
I wonder if there's like back to the data that proves that this would be...

553
00:32:14,212 --> 00:32:15,452
Yeah, there is.

554
00:32:15,452 --> 00:32:16,412
There is.

555
00:32:16,412 --> 00:32:23,372
uh john quoted it in the dispatch it's it's it's something ridiculous it's like you're up

556
00:32:23,372 --> 00:32:28,892
in the last year you're up 300 or something if you only hold after hours bitcoin yeah

557
00:32:30,572 --> 00:32:41,132
um but yeah that i i mean car salesman jesus who said this bit simple mccoy mccoy was funny

558
00:32:41,132 --> 00:32:43,352
Jason's like 4'10". Marty's at least 5'5".

559
00:32:43,352 --> 00:32:44,592
I am at least 5'5".

560
00:32:44,592 --> 00:32:47,272
There you go. Taller than the average woman.

561
00:32:50,272 --> 00:32:51,252
Put my wife's

562
00:32:51,252 --> 00:32:52,812
5'8".

563
00:32:52,812 --> 00:32:59,232
Look, I mean

564
00:32:59,232 --> 00:33:01,292
this is like a bullshit way for them

565
00:33:01,292 --> 00:33:02,172
to collect fees.

566
00:33:02,932 --> 00:33:04,112
Don't buy this ETF.

567
00:33:07,032 --> 00:33:09,152
If everyone's paying attention to it,

568
00:33:09,152 --> 00:33:10,232
the window closes.

569
00:33:10,232 --> 00:33:18,072
the real answer to this year i could have made 300 i mean the real answer to this is the best way to

570
00:33:18,072 --> 00:33:26,472
own bitcoin is owning real bitcoin like you should own real bitcoin you shouldn't um if if if if

571
00:33:28,552 --> 00:33:35,432
you actually think you're sophisticated and you're an allocator and you're holding ibit it's like

572
00:33:35,432 --> 00:33:39,432
you're holding bitcoin with training wheels it's like learn how to ride a bike

573
00:33:40,232 --> 00:33:40,872
No.

574
00:33:43,992 --> 00:33:47,372
And it's like, I mean, if you're a believer in manipulation,

575
00:33:47,692 --> 00:33:51,572
which we're not, all is fair in love and markets.

576
00:33:52,792 --> 00:33:56,032
If you believe in paper Bitcoin, it's suppressing the price of Bitcoin.

577
00:33:56,032 --> 00:33:59,952
You should make sure you live by your words

578
00:33:59,952 --> 00:34:01,912
and take your Bitcoin off exchange, self-custody,

579
00:34:02,332 --> 00:34:05,972
to ensure that your Bitcoin's not being re-hypothecated.

580
00:34:06,792 --> 00:34:09,632
Did you see that Saylor went to JP to save the bear market?

581
00:34:10,232 --> 00:34:11,272
I saw the picture.

582
00:34:11,872 --> 00:34:12,552
I saw the picture.

583
00:34:13,812 --> 00:34:14,872
He's been all over the place.

584
00:34:15,052 --> 00:34:17,312
Abu Dhabi straight to Manhattan.

585
00:34:18,152 --> 00:34:22,212
Do you think he took a helicopter straight to the...

586
00:34:22,212 --> 00:34:26,872
They must have a top floor helicopter pad.

587
00:34:27,652 --> 00:34:29,312
So you don't have to let go of the pleb entrance.

588
00:34:29,312 --> 00:34:29,912
He's got that spaceship.

589
00:34:30,092 --> 00:34:33,532
He hopped in the spaceship with the spear in front of it.

590
00:34:34,572 --> 00:34:35,632
I think...

591
00:34:35,632 --> 00:34:39,192
I wonder what came of that.

592
00:34:39,192 --> 00:34:41,512
It's an interesting development.

593
00:34:44,952 --> 00:34:45,752
What do you think?

594
00:34:45,912 --> 00:34:47,612
Do you think Jamie was in the room or was it?

595
00:34:48,832 --> 00:34:50,652
Literally two weeks ago,

596
00:34:51,692 --> 00:34:55,192
the Bitcoin Twitter was all on,

597
00:34:55,232 --> 00:34:56,952
JP Morgan wants to kill MicroStrategy.

598
00:34:57,752 --> 00:35:01,192
And then he's just posting a picture

599
00:35:01,192 --> 00:35:04,672
from their Central Park View office.

600
00:35:05,292 --> 00:35:06,232
And what was the captain?

601
00:35:06,372 --> 00:35:06,932
Guess the bank.

602
00:35:06,932 --> 00:35:16,812
well maybe maybe maybe it's just like hey jamie it's like in in old austria hungry times when

603
00:35:16,812 --> 00:35:20,372
the kings used to get together and make peace you know let's let's make a treaty

604
00:35:20,372 --> 00:35:25,632
make some more sensible margin requirements for people holding my stock

605
00:35:25,632 --> 00:35:31,892
i won't call you jeffrey epstein's banker anymore not that he's ever done that but

606
00:35:31,892 --> 00:35:42,892
did bit simple send 100k sats that i don't see i think i think he's saying you sent it during

607
00:35:42,892 --> 00:35:47,652
your citadel dispatch trip and you disrespected him by not reading it which is i'm sorry it's

608
00:35:47,652 --> 00:35:52,052
simple i know you called me a used car salesman but i will come to your defense here this is

609
00:35:52,052 --> 00:35:55,552
i don't i don't think that's true this is indefensible

610
00:35:55,552 --> 00:35:58,292
where did you where did you send it

611
00:35:58,292 --> 00:36:01,652
i don't know

612
00:36:01,652 --> 00:36:09,332
it was on your citadel site it was on your site you have a bdc pay server or something

613
00:36:09,332 --> 00:36:11,972
did you put a memo

614
00:36:11,972 --> 00:36:18,632
another another good half and half but it's really like a one-third two-third poor but

615
00:36:18,632 --> 00:36:26,832
oh was months ago okay fair enough well if you if you send me my contact information is that

616
00:36:26,832 --> 00:36:28,872
is at odell.xyz.

617
00:36:29,652 --> 00:36:31,832
If you send me your message,

618
00:36:32,032 --> 00:36:33,352
I'll read it next to Spetch.

619
00:36:33,812 --> 00:36:35,132
I'll read it next to RHR, too.

620
00:36:35,812 --> 00:36:36,492
Make it up to you.

621
00:36:36,832 --> 00:36:37,932
You get two for the price of one.

622
00:36:38,732 --> 00:36:40,332
I'm not coming to your defense anymore,

623
00:36:40,412 --> 00:36:40,752
but it's simple.

624
00:36:40,832 --> 00:36:41,732
It's a little pedantic.

625
00:36:42,112 --> 00:36:42,872
It was months ago.

626
00:36:43,012 --> 00:36:43,492
Get over it.

627
00:36:44,112 --> 00:36:45,212
Get over it, sir.

628
00:36:48,112 --> 00:36:48,512
September.

629
00:36:49,412 --> 00:36:50,872
The statute of limitations

630
00:36:50,872 --> 00:36:52,352
of being able to complain about that

631
00:36:52,352 --> 00:36:54,032
ended about a month ago.

632
00:36:54,912 --> 00:36:56,112
I think this was probably

633
00:36:56,112 --> 00:37:05,392
jp morgan's fault yes jp ddossed matt's bt btc pay server and hid the memo from us

634
00:37:05,392 --> 00:37:12,612
moving on straight to the human foundations uh human rights foundation financial freedom report

635
00:37:12,612 --> 00:37:18,572
story of the week coming out of india where mpci confirms that cbdc is live with spending controls

636
00:37:18,572 --> 00:37:24,392
the national payments corporation of india confirmed that india's digital rupee cbdc is

637
00:37:24,392 --> 00:37:29,692
live with partner banks and is being used by the state for subsidy payments at india blockchain

638
00:37:29,692 --> 00:37:39,512
week great conference in mpci it's so funny mpci it's like the mpcs the consultant shared that the

639
00:37:39,512 --> 00:37:44,352
digital rupee can be restricted for specific purposes approved merchants in particular locations

640
00:37:44,352 --> 00:37:50,252
for example recent transfers of the programmable cbdc for farmers and livestock owners limited

641
00:37:50,252 --> 00:37:54,972
purchases to quote-unquote approved input with geographic tagging enabled.

642
00:37:55,492 --> 00:38:00,752
The CBDC is compatible with India's state-run payment system known as the Unified Payment

643
00:38:00,752 --> 00:38:07,192
Interface or UPI, enabling users to pay with digital rupee by scanning existing UPI QR

644
00:38:07,192 --> 00:38:07,652
codes.

645
00:38:07,652 --> 00:38:12,672
For more stories like this, make sure you sign up for the Financial Freedom Report newsletter

646
00:38:12,672 --> 00:38:14,792
at financialfreedomreport.org.

647
00:38:16,412 --> 00:38:19,352
CBDC is here, in India at least.

648
00:38:20,252 --> 00:38:25,332
what's the steel man

649
00:38:25,332 --> 00:38:27,032
of CBDC

650
00:38:27,032 --> 00:38:28,312
there's a lot of talk here

651
00:38:28,312 --> 00:38:29,712
in welfare abuse

652
00:38:29,712 --> 00:38:31,652
in Minnesota

653
00:38:31,652 --> 00:38:32,972
and other parts of the country

654
00:38:32,972 --> 00:38:36,292
what if we have a CBDC for welfare

655
00:38:36,292 --> 00:38:37,052
where it's like hey

656
00:38:37,052 --> 00:38:40,352
you can't buy luxury real estate

657
00:38:40,352 --> 00:38:42,212
or vehicles with this

658
00:38:42,212 --> 00:38:43,212
you must spend it on

659
00:38:43,212 --> 00:38:45,372
glasses

660
00:38:45,372 --> 00:38:46,832
is that a positive

661
00:38:46,832 --> 00:38:48,832
you consider that a positive

662
00:38:48,832 --> 00:38:49,892
I said, let's steel man it.

663
00:38:49,992 --> 00:38:50,792
Let's steel man it.

664
00:38:50,952 --> 00:38:53,572
Like, hey, we can't do the welfare system.

665
00:38:54,512 --> 00:38:57,992
On the HRF piece, I think it's obviously incredibly important

666
00:38:57,992 --> 00:39:00,912
what happens in India because they're the most populous country

667
00:39:00,912 --> 00:39:02,772
in the world.

668
00:39:05,472 --> 00:39:10,812
And unlike China, they're not ostracized, right?

669
00:39:10,812 --> 00:39:14,972
They're treated as a democracy, whether that's true or not.

670
00:39:14,972 --> 00:39:26,012
so their example I think should be a concern to people I think this is the like the first like

671
00:39:26,012 --> 00:39:34,672
you know I don't know non-China real world big use of of CBDC so so so the fears that people are

672
00:39:34,672 --> 00:39:40,972
concerned about are actually happening in practice and obviously Bitcoin specifically

673
00:39:40,972 --> 00:39:47,532
bitcoin uses freedom money is basically our stalwart against it it's our our line of defense

674
00:39:47,532 --> 00:39:50,912
against it but people have to actually use the tools and we need to build out the tools and make

675
00:39:50,912 --> 00:39:57,812
them better um as as for your cbdc's are good if we use them against poor people i just think we

676
00:39:57,812 --> 00:40:05,732
should probably remove the welfare state instead of um making their welfare money more programmable

677
00:40:05,732 --> 00:40:10,572
surveillable and controlled i want to be clear i was steel manning like i'm singing the arguments

678
00:40:10,572 --> 00:40:12,512
that the government's going to come up with for this,

679
00:40:12,852 --> 00:40:14,452
how it can come to the United States.

680
00:40:14,452 --> 00:40:17,772
As we know, the border immigration, big subject here.

681
00:40:17,852 --> 00:40:20,852
We have been warning since Trump got in office

682
00:40:20,852 --> 00:40:22,452
or was elected in last year

683
00:40:22,452 --> 00:40:26,412
that the border is going to be the way that the Trojan horse,

684
00:40:26,552 --> 00:40:29,972
digital ID, and CBDC by another name

685
00:40:29,972 --> 00:40:33,252
because the American politicians are very anti-CBDC,

686
00:40:33,612 --> 00:40:36,832
but I think it's these explicit

687
00:40:36,832 --> 00:40:41,192
sort of central bank digital currency programs

688
00:40:41,192 --> 00:40:42,732
being run by countries like India.

689
00:40:43,272 --> 00:40:47,272
They will, Trojan Horse, CBDCs by another name.

690
00:40:47,512 --> 00:40:49,192
Maybe that other name is stablecoins.

691
00:40:49,572 --> 00:40:50,012
I don't know.

692
00:40:51,152 --> 00:40:51,932
So I was trying to steal, man.

693
00:40:52,032 --> 00:40:53,092
This is how the government's going to say,

694
00:40:53,092 --> 00:40:54,792
like, oh, hey, Americans,

695
00:40:55,032 --> 00:41:01,032
you tired of immigrants draining the welfare system?

696
00:41:01,152 --> 00:41:01,652
Well, guess what?

697
00:41:01,732 --> 00:41:04,972
We need trackable CBDCs, or excuse me, stablecoins,

698
00:41:04,972 --> 00:41:07,532
to make sure that they can only spend on certain things.

699
00:41:09,192 --> 00:41:09,972
Yeah, I mean, to the...

700
00:41:11,992 --> 00:41:15,492
Yeah, I mean, I think that's a horrible idea.

701
00:41:15,752 --> 00:41:17,232
But I just...

702
00:41:17,232 --> 00:41:19,252
To our conversation last week,

703
00:41:20,032 --> 00:41:20,892
I do kind of...

704
00:41:20,892 --> 00:41:23,732
If we are going to continue the welfare state,

705
00:41:23,832 --> 00:41:25,972
I do like the idea of...

706
00:41:27,132 --> 00:41:28,272
CBDCs.

707
00:41:28,632 --> 00:41:29,652
No, you cut out...

708
00:41:29,652 --> 00:41:29,932
No.

709
00:41:30,292 --> 00:41:31,672
You cut out everything else.

710
00:41:31,972 --> 00:41:41,998
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

711
00:41:43,838 --> 00:41:49,098
Hey, Anchor Watch, Rob, Miniscript, Time Locks.

712
00:41:49,398 --> 00:41:50,338
Let's think about it.

713
00:41:51,358 --> 00:41:54,398
What's some government application that we can give them, you know?

714
00:41:54,538 --> 00:41:56,118
And I see you're in the live chat.

715
00:41:58,078 --> 00:41:59,158
Kind of like that idea.

716
00:41:59,538 --> 00:42:02,618
But once again, I think we should probably just gut the whole thing.

717
00:42:02,618 --> 00:42:04,838
just get rid of all welfare stuff.

718
00:42:05,498 --> 00:42:06,718
I think it probably,

719
00:42:06,718 --> 00:42:13,478
I'm not ready to make a completely coherent argument for how it benefits

720
00:42:13,478 --> 00:42:13,818
everyone,

721
00:42:13,818 --> 00:42:16,738
but I think it would probably benefit everybody.

722
00:42:18,378 --> 00:42:18,898
I agree.

723
00:42:19,038 --> 00:42:19,378
I mean,

724
00:42:20,298 --> 00:42:24,138
go read your Thomas soul on the welfare state and how it's actually

725
00:42:24,138 --> 00:42:27,258
counterproductive to the goals it's trying to achieve.

726
00:42:28,078 --> 00:42:29,558
It's an enslavement mechanism.

727
00:42:29,998 --> 00:42:31,058
There's no such thing as a free,

728
00:42:31,298 --> 00:42:32,398
as a free lunch.

729
00:42:32,618 --> 00:42:37,158
And there's just so much corruption mixed into it now at this point.

730
00:42:37,438 --> 00:42:39,758
That's why if you're going to have it, just keep it simple.

731
00:42:41,418 --> 00:42:52,218
All the different aspects of it and loopholes and everything is where you see corruption leak in and fraud leak in.

732
00:42:53,978 --> 00:42:54,578
Yeah.

733
00:42:55,138 --> 00:43:02,518
Well, I'm happy to report that Rob Hamilton is standing up as a proud American citizen.

734
00:43:02,618 --> 00:43:07,218
he's offering his services to time lock i mean you say this but he hasn't zapped anything

735
00:43:07,218 --> 00:43:14,378
i don't even know if you know i think he's like pure on chain time lock bitcoin is on chain only

736
00:43:14,378 --> 00:43:24,038
yeah i see hawaii satoshi zapped 21 212 sats all in freedom zap love it thank you for your support

737
00:43:24,038 --> 00:43:29,338
sir you gotta say palindrome zap come on palindrome zap the occupied kingdom of hawaii

738
00:43:32,618 --> 00:43:41,558
apparently australia officially has a social media ban did they do it's in it's in the list

739
00:43:41,558 --> 00:43:48,358
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

740
00:43:48,358 --> 00:43:55,318
have any boost from last week um yeah you i mean your list was very uh front light back heavy

741
00:43:55,318 --> 00:44:00,198
i was throwing off a little bit i thought we only had two stories i enjoyed not talking about

742
00:44:00,198 --> 00:44:01,198
Bitcoin stuff last week.

743
00:44:02,078 --> 00:44:04,518
The non-Bitcoin stuff

744
00:44:04,518 --> 00:44:05,798
comes after the shoutouts.

745
00:44:07,478 --> 00:44:09,818
This is our biggest boost week

746
00:44:09,818 --> 00:44:11,018
in quite a while.

747
00:44:13,078 --> 00:44:13,758
Rabbit will recap.

748
00:44:13,918 --> 00:44:15,458
$386 stacking dollars.

749
00:44:15,878 --> 00:44:16,958
Top boost from our...

750
00:44:16,958 --> 00:44:17,538
Gosh.

751
00:44:18,438 --> 00:44:19,918
You were too kind to us, Syl.

752
00:44:19,918 --> 00:44:20,758
Pringle Mac.

753
00:44:22,478 --> 00:44:24,338
111,111 sats.

754
00:44:24,438 --> 00:44:25,378
One's across the board.

755
00:44:26,298 --> 00:44:27,198
Palindrome boost.

756
00:44:27,378 --> 00:44:28,598
Once again, you boys always deliver

757
00:44:28,598 --> 00:44:29,898
with funny dad stories.

758
00:44:30,198 --> 00:44:32,298
latest news of the day. Grateful for

759
00:44:32,298 --> 00:44:33,458
you both and Logan as well.

760
00:44:34,098 --> 00:44:36,178
Keep rattling the cage of the Samurai Wild Boys.

761
00:44:37,378 --> 00:44:38,058
Kion, she

762
00:44:38,058 --> 00:44:40,278
wrote Leon Rodriguez, but

763
00:44:40,278 --> 00:44:42,398
it's Kion and William Hill

764
00:44:42,398 --> 00:44:43,958
until they are rightfully free.

765
00:44:44,918 --> 00:44:45,898
Sending big love

766
00:44:45,898 --> 00:44:48,258
from over the pond. See you

767
00:44:48,258 --> 00:44:50,398
next year. Hey, Syl, we got two more episodes

768
00:44:50,398 --> 00:44:51,198
before next year.

769
00:44:52,198 --> 00:44:54,238
Three, including this one. Thank you.

770
00:44:55,158 --> 00:44:55,698
Ride or dies.

771
00:44:56,478 --> 00:44:58,418
I mean, we may have to start ranking a ride or dies.

772
00:44:59,198 --> 00:45:00,118
Syl's up there.

773
00:45:00,198 --> 00:45:08,218
potentially number one easily top three brian's been up there recently

774
00:45:08,218 --> 00:45:16,738
brian brian has been running talking about rider dies we also have we have map 21 zapped us 21 000

775
00:45:16,738 --> 00:45:26,118
sets in live chat thank you sir thank you plebeian on 31 500 sats in honor of the call to action we

776
00:45:26,118 --> 00:45:31,318
Yet Sovereign will be offering a 5% discount on all services purchased at Sovereign.io.

777
00:45:31,418 --> 00:45:34,858
That's S-O-V-E-I-G-N.io.

778
00:45:35,098 --> 00:45:39,598
As well as an additional 5% for any closed referral with the promo code RHR.

779
00:45:40,158 --> 00:45:46,918
We have no box for a promo code, so you will have to handwrite it in your contact inquiry or referral entry.

780
00:45:46,918 --> 00:45:52,578
You should also handwrite in promo code RHR on all emails you send going forward.

781
00:45:53,118 --> 00:45:54,238
Stay humble, Stacks asks.

782
00:45:54,238 --> 00:45:58,138
It's questionable, but great advice and good promo code.

783
00:45:59,238 --> 00:46:01,958
By the way, I noticed that you did a show with him

784
00:46:01,958 --> 00:46:04,898
after I did a show with him and he was chirping at me on Noster.

785
00:46:06,818 --> 00:46:08,278
What was he chirping at you about?

786
00:46:09,278 --> 00:46:13,658
About the JP Morgan thing versus MicroStrategy.

787
00:46:14,458 --> 00:46:14,758
I don't know.

788
00:46:14,778 --> 00:46:18,738
A lot of people were chirping at me about my opinion on JP versus MicroStrategy.

789
00:46:19,498 --> 00:46:20,778
I think you're a bit naive there.

790
00:46:21,618 --> 00:46:22,638
I'm a bit naive.

791
00:46:22,638 --> 00:46:23,618
Then what is Sailor?

792
00:46:23,618 --> 00:46:25,998
He's at the fucking office two weeks after.

793
00:46:26,138 --> 00:46:26,778
What did I just say?

794
00:46:26,858 --> 00:46:28,278
I just described what that was.

795
00:46:28,358 --> 00:46:29,018
That was like a,

796
00:46:29,118 --> 00:46:29,218
Hey,

797
00:46:29,278 --> 00:46:30,158
we need to get together.

798
00:46:30,258 --> 00:46:32,198
Like we're in a fight right now.

799
00:46:32,218 --> 00:46:34,098
There's some power brokering going on.

800
00:46:34,318 --> 00:46:35,778
When you get to the table and talk,

801
00:46:35,838 --> 00:46:36,338
what do you want,

802
00:46:36,398 --> 00:46:36,658
Jamie,

803
00:46:37,438 --> 00:46:37,738
Michael,

804
00:46:37,798 --> 00:46:38,398
what do you want?

805
00:46:38,998 --> 00:46:40,278
That's how that conversation went.

806
00:46:43,198 --> 00:46:43,798
One second.

807
00:46:44,238 --> 00:46:44,898
Look at my,

808
00:46:44,898 --> 00:46:45,758
look at my spaceship.

809
00:46:46,018 --> 00:46:46,798
Do you like,

810
00:46:46,918 --> 00:46:48,538
do you like this building that we're in right now?

811
00:46:49,158 --> 00:46:49,718
You like it?

812
00:46:49,798 --> 00:46:51,138
You see the spear on the tip of that,

813
00:46:51,398 --> 00:46:52,138
of that spaceship.

814
00:46:52,918 --> 00:46:53,598
Be a great,

815
00:46:53,618 --> 00:46:57,378
shame if I'm not going to make a joke like that.

816
00:46:57,378 --> 00:47:01,498
It's in the nature of buildings and aircraft in New York City.

817
00:47:02,638 --> 00:47:05,238
Marks, 31,111 sats.

818
00:47:06,518 --> 00:47:09,298
Keep writing open source code. Anyone can do it.

819
00:47:09,358 --> 00:47:13,018
Hashtag free samurai. It's true. Keep writing. It was cool to see

820
00:47:13,018 --> 00:47:17,338
Keon was, I forget what show was on. Might have been BTC Sessions

821
00:47:17,338 --> 00:47:20,398
yesterday or the day before.

822
00:47:20,398 --> 00:47:24,818
basically building on the Ashigori

823
00:47:24,818 --> 00:47:27,478
or Ashigaro

824
00:47:27,478 --> 00:47:28,838
Ashigaro, yeah

825
00:47:28,838 --> 00:47:29,958
Ashigaro

826
00:47:29,958 --> 00:47:33,558
basically saying how cool it was

827
00:47:33,558 --> 00:47:35,518
that an A non-group

828
00:47:35,518 --> 00:47:36,938
of developers forked the code

829
00:47:36,938 --> 00:47:39,098
went Tor only

830
00:47:39,098 --> 00:47:41,398
released Whirlpool

831
00:47:41,398 --> 00:47:43,118
that's what you want to see

832
00:47:43,118 --> 00:47:43,718
he was proud

833
00:47:43,718 --> 00:47:47,438
cool to hear him tell that story

834
00:47:47,438 --> 00:47:49,138
of how he views Ashigaro

835
00:47:50,098 --> 00:47:56,978
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

836
00:47:56,978 --> 00:48:05,698
fantastic uh that the bitcoin content creating community has has come together to really

837
00:48:05,698 --> 00:48:11,778
highlight this case and in the case with the pardon i mean i've seen key on on pretty much

838
00:48:11,778 --> 00:48:18,258
every podcast bitcoin almost every podcast um over the last few days and it's really dominated

839
00:48:18,258 --> 00:48:25,618
at Bitcoin Twitter. And I will say that as one of the people involved with raising the legal defense

840
00:48:25,618 --> 00:48:32,738
fund, I got a bit disenfranchised over the last almost two years trying to build support

841
00:48:32,738 --> 00:48:41,158
for their cause. So it's really fantastic to see. But all that said, it was like Keon's like eighth

842
00:48:41,158 --> 00:48:48,678
podcast and btc sessions do you see the title of his broadcast it's like emergency broadcast all

843
00:48:48,678 --> 00:48:57,398
caps like come on dude you know hey so i'm on keep it a little bit keep it a little bit more tasteful

844
00:48:58,198 --> 00:49:01,558
what do you want what do you want do you want the message to get out there do you want it to look

845
00:49:01,558 --> 00:49:07,318
tasteful okay you got it there's trade-offs life is a game of trade-offs here don't title the ninth

846
00:49:07,318 --> 00:49:14,838
Bitcoin podcast, all caps, emergency broadcast. I'm a simple man. I asked a very simple request.

847
00:49:15,158 --> 00:49:19,538
Maybe we learned. Maybe we learned. Maybe every rabbit hole recap is broadcasting all caps.

848
00:49:20,498 --> 00:49:25,278
This week's rabbit hole recap, emergency broadcast. The block height is...

849
00:49:28,698 --> 00:49:32,538
More blocks have been produced since last week. We're not done yet

850
00:49:32,538 --> 00:49:39,518
with our boost from Abbott Hall recap 386.

851
00:49:40,438 --> 00:49:43,358
Last but not least, OB 21,000 sats.

852
00:49:44,578 --> 00:49:45,818
There's kids listening.

853
00:49:46,498 --> 00:49:48,658
Yeah, 40 to 60-year-old kids.

854
00:49:49,358 --> 00:49:50,258
Laughing emoji.

855
00:49:54,978 --> 00:49:56,358
We all got that inner child.

856
00:49:56,478 --> 00:49:58,718
We all got that inner child inside of us, you know?

857
00:49:58,718 --> 00:50:01,878
no yeah it seemed like most of the

858
00:50:01,878 --> 00:50:04,378
most of the freaks were lionized by my

859
00:50:04,378 --> 00:50:06,538
my request

860
00:50:06,538 --> 00:50:07,478
last week

861
00:50:07,478 --> 00:50:08,698
yeah

862
00:50:08,698 --> 00:50:12,598
we got

863
00:50:12,598 --> 00:50:14,518
vague in the youtube is that vague

864
00:50:14,518 --> 00:50:16,058
is that our vague or is that another vague

865
00:50:16,058 --> 00:50:18,498
vague one I don't know

866
00:50:18,498 --> 00:50:22,458
he lost his previous youtube account

867
00:50:22,458 --> 00:50:24,358
that's not his original youtube account

868
00:50:24,358 --> 00:50:25,578
is this vague's vision

869
00:50:25,578 --> 00:50:37,898
it all turns into a clickbait pleb slop on a long enough time timeline okay doesn't have to

870
00:50:37,898 --> 00:50:44,598
doesn't have to be that way that's why we need to change you be the change you want to see in the

871
00:50:44,598 --> 00:50:54,018
world is primal gonna gonna have a a pleb slop thumbnail title algo i don't know i mean i think

872
00:50:54,018 --> 00:50:58,778
if you have algo choice, you don't end up in that situation because no one would actually

873
00:50:58,778 --> 00:51:07,798
choose that. Similarly, I don't think... If Nostra is successful, I think it'll be very hard

874
00:51:07,798 --> 00:51:13,938
for anyone to try and implement an advertising model on it, period, because people just use

875
00:51:13,938 --> 00:51:21,578
the app that doesn't do that. Why would you actively choose the one that is intentionally

876
00:51:21,578 --> 00:51:29,898
surveilling you and serving you garbage ads all the time um don't read them out loud but i just

877
00:51:29,898 --> 00:51:42,018
want to note like i i do you see rob's slight at us rob hamilton slight at us which chat just never

878
00:51:42,018 --> 00:51:49,258
forget in the nostril chat it's a slight we're not going to read it out loud here oh gosh yeah

879
00:51:49,258 --> 00:51:55,478
it's disgusting but it does make me question your support in the in the in the past well

880
00:51:55,478 --> 00:51:59,278
hopefully it's a troll oh my gosh

881
00:51:59,278 --> 00:52:09,518
brian brian are you satoshi nakamoto 500 000 sats i humbly submit myself for the top three

882
00:52:09,518 --> 00:52:15,338
ride or die all right you're in you're in you're in we're not that expensive

883
00:52:15,338 --> 00:52:21,838
thank you for your support sir why aren't those aren't i have to submit a bug report

884
00:52:21,838 --> 00:52:25,878
those aren't showing up for me they lag sometimes i bet it comes up for you in uh

885
00:52:25,878 --> 00:52:34,418
in about a minute i feel like million like okay it gets that 500 000 sats like i it should my

886
00:52:34,418 --> 00:52:39,138
whole fucking screen should flash i'm telling you that's what we need that's what we need like the

887
00:52:39,138 --> 00:52:42,998
uh i don't know what streaming thing it is like when somebody sends over a certain threshold like

888
00:52:42,998 --> 00:52:44,978
we just have the robot read

889
00:52:44,978 --> 00:52:47,678
read the thing and we respond to it

890
00:52:47,678 --> 00:52:52,638
alright moving down the list we got more to talk about

891
00:52:52,638 --> 00:52:54,798
we do better than that because we just read it

892
00:52:54,798 --> 00:52:57,678
that's true

893
00:52:57,678 --> 00:53:00,898
but their name should like pop up and there should be like

894
00:53:00,898 --> 00:53:02,618
confetti and shit should flash

895
00:53:02,618 --> 00:53:03,578
yeah

896
00:53:03,578 --> 00:53:05,558
whatever

897
00:53:05,558 --> 00:53:08,938
within the next seven years we'll get it done

898
00:53:08,938 --> 00:53:10,618
maybe

899
00:53:10,618 --> 00:53:11,598
maybe

900
00:53:11,598 --> 00:53:13,518
All right, we were talking about Australia.

901
00:53:14,218 --> 00:53:15,678
We're going to hop around the list now,

902
00:53:15,758 --> 00:53:18,938
but since we brought it up before we got to boost from last week's episode,

903
00:53:19,518 --> 00:53:22,738
Australians now face digital ID checks and biometric scans

904
00:53:22,738 --> 00:53:24,418
to log into online platforms,

905
00:53:24,938 --> 00:53:27,998
all under the premise of protecting under-sixteens.

906
00:53:28,178 --> 00:53:30,418
Kids are now banned from select social media platforms,

907
00:53:30,538 --> 00:53:34,178
but adults are the ones handing over their faces, IDs, and biometrics

908
00:53:34,178 --> 00:53:35,538
to prove they're not kids.

909
00:53:36,058 --> 00:53:36,878
Mission accomplished.

910
00:53:36,878 --> 00:53:39,038
They've turned protecting children

911
00:53:39,038 --> 00:53:41,578
into a universal surveillance upgrade for everyone.

912
00:53:41,598 --> 00:53:47,158
The UK, the EU, and various US states are also looking to implement online verification.

913
00:53:49,098 --> 00:53:54,638
So Discord, GitHub, Google Classroom, Lego Play, Messenger, Pinterest, Roblox.

914
00:53:55,138 --> 00:53:57,318
Wow, that may be one that you actually need.

915
00:53:58,078 --> 00:53:58,718
ID checks.

916
00:53:59,018 --> 00:54:02,758
Steam, WhatsApp, YouTube kids are all exempt from this.

917
00:54:03,718 --> 00:54:04,278
Roblox?

918
00:54:04,818 --> 00:54:06,678
Yeah, Roblox is like a pedo haven.

919
00:54:06,838 --> 00:54:07,458
You don't know this?

920
00:54:08,678 --> 00:54:10,798
I mean, they should just ban the pedos.

921
00:54:10,798 --> 00:54:16,398
is it it's yeah well then you should so you should actually have id verification like if you're

922
00:54:16,398 --> 00:54:21,678
a 35 year old trying to get on roblox like get away but technically but they're doing the opposite

923
00:54:21,678 --> 00:54:27,938
yes you don't you have to be the pedophiles would be fine they would be able to get on but the kids

924
00:54:27,938 --> 00:54:33,098
wouldn't be able to get on no the kids no it's exempt it's saying if i'm understanding this

925
00:54:33,098 --> 00:54:37,878
you don't need id verification for roblox which is probably where you probably need it most if

926
00:54:37,878 --> 00:54:42,038
trying to protect the kids see this is like the highlight but you would do the opposite you would

927
00:54:42,038 --> 00:54:46,758
have to do the opposite you'd have to be like if you're older than what what age is appropriate yeah

928
00:54:47,958 --> 00:54:51,478
yeah i think by the time you're 18 it's time to move on from roblox okay

929
00:54:55,958 --> 00:55:00,838
it's time i've been our played from what i understand i'm sure you've seen you have you

930
00:55:00,838 --> 00:55:07,398
seen like the deep vibes on how roblox is just like no i haven't i know very little i know it's

931
00:55:07,398 --> 00:55:09,078
It's like Minecraft. That's all I know.

932
00:55:09,618 --> 00:55:12,478
It's like, well, I know there's a lot of parents listening to this,

933
00:55:12,478 --> 00:55:16,518
like fall down. It's like worse. It's similar to Minecraft, but it's worse.

934
00:55:16,518 --> 00:55:18,258
It's, it's literally like,

935
00:55:18,318 --> 00:55:19,698
do they have live chat?

936
00:55:20,678 --> 00:55:24,258
They have live chat. They have, you can like build your own worlds.

937
00:55:24,258 --> 00:55:28,698
And there's a lot of very, um, uh,

938
00:55:28,938 --> 00:55:30,458
vulgar and disgusting.

939
00:55:30,504 --> 00:55:36,204
things it's it's free to play so it's more accessible to little children yeah all right

940
00:55:36,204 --> 00:55:41,184
logan please tell me you don't play roblox number one number two just tell us what you know about it

941
00:55:41,744 --> 00:55:54,584
uh it's free to play full of groomers and uh yeah not funny and and squid game remakes

942
00:55:54,584 --> 00:55:55,364
apparently.

943
00:55:56,544 --> 00:55:57,984
I know nothing about Roblox.

944
00:55:58,384 --> 00:56:00,184
But anyway, I mean, I think...

945
00:56:00,184 --> 00:56:02,664
I mean, don't let your kids play Roblox.

946
00:56:02,864 --> 00:56:04,224
I think that's...

947
00:56:04,224 --> 00:56:05,044
Yeah, but I think that

948
00:56:05,044 --> 00:56:08,864
comes down to good parenting.

949
00:56:09,224 --> 00:56:09,344
Right?

950
00:56:10,244 --> 00:56:12,544
I don't think the government should be involved in this decision.

951
00:56:13,484 --> 00:56:13,884
Agreed.

952
00:56:14,004 --> 00:56:15,464
Well, and the government isn't in Australia.

953
00:56:15,664 --> 00:56:18,704
I mean, I don't think children should be unhaxed.

954
00:56:19,404 --> 00:56:20,364
Why I bring it up is

955
00:56:20,364 --> 00:56:22,304
it's like a highlight. They don't actually care

956
00:56:22,304 --> 00:56:24,344
about protecting children. Because if you did, Roblox

957
00:56:24,344 --> 00:56:26,264
would be like, okay, we need to make sure

958
00:56:26,264 --> 00:56:28,024
there's not too many 35-year-old

959
00:56:28,024 --> 00:56:29,624
idiots on here.

960
00:56:30,824 --> 00:56:32,284
Also, to be clear

961
00:56:32,284 --> 00:56:34,084
here, Roblox,

962
00:56:34,184 --> 00:56:34,784
the company,

963
00:56:36,104 --> 00:56:37,984
could have...

964
00:56:37,984 --> 00:56:40,224
Children don't have IDs most of the

965
00:56:40,224 --> 00:56:42,084
time, but they could have children-only

966
00:56:42,084 --> 00:56:44,064
safe spaces

967
00:56:44,064 --> 00:56:45,804
or something as a private company if

968
00:56:45,804 --> 00:56:46,924
they want to.

969
00:56:48,284 --> 00:56:50,164
I think parents

970
00:56:50,164 --> 00:56:51,684
should be involved in this decision

971
00:56:51,684 --> 00:56:54,064
and government should not be.

972
00:56:54,344 --> 00:56:56,104
Yeah, I hope, I mean.

973
00:56:56,544 --> 00:56:58,824
And if you really want to protect the children,

974
00:56:59,084 --> 00:57:00,944
if you really want to quote unquote protect the children,

975
00:57:01,104 --> 00:57:03,104
like you should be giving tools to parents

976
00:57:03,104 --> 00:57:04,784
so that they can better parent

977
00:57:04,784 --> 00:57:08,264
rather than KYC everybody

978
00:57:08,264 --> 00:57:11,044
with the excuse being for the children.

979
00:57:12,144 --> 00:57:12,584
Yes.

980
00:57:13,364 --> 00:57:14,684
I'm sorry to do this to you,

981
00:57:14,684 --> 00:57:16,604
but you had to fall down Roblox rabbit hole

982
00:57:16,604 --> 00:57:18,484
because it is a dark one.

983
00:57:19,024 --> 00:57:21,344
And to your point about the founders of Roblox,

984
00:57:21,344 --> 00:57:23,144
once you get to that point of the rabbit hole,

985
00:57:23,144 --> 00:57:29,624
it's like holy shit this is are they from london they might be they might be they might be getting

986
00:57:29,624 --> 00:57:35,744
money from the city of london we don't know um but back to the original point australia i mean

987
00:57:35,744 --> 00:57:39,704
we've been talking about this for a couple years it's been choreographs they've been trying to do

988
00:57:39,704 --> 00:57:47,784
this uh in the aftermath of covid particularly the vaccine rollout uh australia was particularly

989
00:57:47,784 --> 00:57:52,344
Orwellian with their rollouts, their restrictions and all that.

990
00:57:52,724 --> 00:57:53,904
They built like ghettos.

991
00:57:54,704 --> 00:57:54,884
Yeah.

992
00:57:55,504 --> 00:57:56,604
They built camps.

993
00:57:56,924 --> 00:57:58,864
They literally sent people to medical camps.

994
00:58:00,484 --> 00:58:06,504
They did not like that individuals on social media were speaking out against the encroachment

995
00:58:06,504 --> 00:58:11,724
on civil liberties and began choreographing, hey, we need to protect the children.

996
00:58:11,724 --> 00:58:16,144
So we're going to need to throw out IDs, ID verifications on all these platforms.

997
00:58:16,144 --> 00:58:24,784
But in reality, the reason these verifications exist is to quell speech and to stomp out wrong.

998
00:58:24,844 --> 00:58:26,024
It's not to protect the children.

999
00:58:26,784 --> 00:58:26,964
No.

1000
00:58:28,504 --> 00:58:32,144
As is evident by Roblox being a...

1001
00:58:32,144 --> 00:58:35,864
Rob Hamilton, you sicko.

1002
00:58:37,464 --> 00:58:40,824
Took the worst screenshot he possibly could find to me.

1003
00:58:41,204 --> 00:58:42,524
But cheers to you too, Rob.

1004
00:58:44,164 --> 00:58:45,704
I'll even zap you for it.

1005
00:58:46,144 --> 00:58:48,444
don't zap them for it

1006
00:58:48,444 --> 00:58:50,364
I zapped them

1007
00:58:50,364 --> 00:58:53,584
actually my NWC on desktop

1008
00:58:53,584 --> 00:58:55,244
is messed up so my zaps aren't going through

1009
00:58:55,244 --> 00:58:55,904
I gotta fix that

1010
00:58:55,904 --> 00:58:59,584
alright next up

1011
00:58:59,584 --> 00:59:01,224
rawbit this is pretty cool

1012
00:59:01,224 --> 00:59:03,464
visualization

1013
00:59:03,464 --> 00:59:05,844
for

1014
00:59:05,844 --> 00:59:08,204
for bitcoin transactions

1015
00:59:08,204 --> 00:59:13,024
just an interactive tool

1016
00:59:13,024 --> 00:59:15,164
bitcoin transactions visually

1017
00:59:15,164 --> 00:59:17,184
connect predefined nodes, see

1018
00:59:17,184 --> 00:59:19,244
every byte, update live, step

1019
00:59:19,244 --> 00:59:21,184
through script execution with live stack

1020
00:59:21,184 --> 00:59:22,784
view, full Python

1021
00:59:22,784 --> 00:59:25,304
code behind it, 10 hands

1022
00:59:25,304 --> 00:59:27,384
on lessons including pay

1023
00:59:27,384 --> 00:59:29,184
to pub key hash

1024
00:59:29,184 --> 00:59:31,104
segwit, multisig, timelocks

1025
00:59:31,104 --> 00:59:33,104
payment channels

1026
00:59:33,104 --> 00:59:34,924
all broadcasts, testnet, more coming,

1027
00:59:35,044 --> 00:59:36,724
taproot, lightning, covenants, etc.

1028
00:59:36,884 --> 00:59:38,704
Free, open source, educational only.

1029
00:59:39,464 --> 00:59:40,904
Who dropped this?

1030
00:59:42,484 --> 00:59:43,104
Who's behind

1031
00:59:43,104 --> 00:59:43,504
Raw Pit?

1032
00:59:43,504 --> 00:59:45,764
Go to the GitHub.

1033
00:59:46,444 --> 00:59:47,124
Click the GitHub.

1034
00:59:48,444 --> 00:59:49,684
Rollbit.io

1035
00:59:49,684 --> 00:59:52,264
No, click the GitHub.

1036
00:59:53,044 --> 00:59:54,764
I'm looking for the GitHub.

1037
00:59:55,884 --> 00:59:57,184
It's right there in the tweet.

1038
00:59:58,724 --> 01:00:03,464
It is by

1039
01:00:03,464 --> 01:00:08,404
Rollbit.io

1040
01:00:13,504 --> 01:00:15,044
Well, I mean, that's cool.

1041
01:00:18,264 --> 01:00:19,164
It is cool.

1042
01:00:19,584 --> 01:00:20,124
Check it out.

1043
01:00:21,184 --> 01:00:23,864
Yeah, there's no external contributors.

1044
01:00:26,124 --> 01:00:27,824
Yeah, I don't know who's behind this.

1045
01:00:31,524 --> 01:00:32,804
I just thought it was cool.

1046
01:00:35,244 --> 01:00:36,844
Another major Zeus release,

1047
01:00:36,844 --> 01:00:40,764
Zeus version 0.12.0 beta 1

1048
01:00:40,764 --> 01:00:42,104
is now available for testing.

1049
01:00:42,104 --> 01:00:44,524
features Nostra Wallet Connect

1050
01:00:44,524 --> 01:00:46,524
circular rebalance tool

1051
01:00:46,524 --> 01:00:48,844
embedded LND which is a battery

1052
01:00:48,844 --> 01:00:49,984
saver detection warning

1053
01:00:49,984 --> 01:00:52,084
with sweep

1054
01:00:52,084 --> 01:00:54,644
swaps scan addresses

1055
01:00:54,644 --> 01:00:56,584
and invoices show your lightning

1056
01:00:56,584 --> 01:00:58,044
server provider and swap purchases

1057
01:00:58,044 --> 01:01:02,364
bless you

1058
01:01:02,364 --> 01:01:06,584
the cool thing about this is Marty

1059
01:01:06,584 --> 01:01:08,384
said he was having issues with his

1060
01:01:08,384 --> 01:01:10,664
NWC wallet but now he can use Zeus

1061
01:01:10,664 --> 01:01:12,604
so perfect timing

1062
01:01:12,604 --> 01:01:15,904
it was perfect

1063
01:01:15,904 --> 01:01:16,624
that was almost

1064
01:01:16,624 --> 01:01:19,604
I'm lucky I jumped out of the way there

1065
01:01:19,604 --> 01:01:22,124
that was another snotty bent moment

1066
01:01:22,124 --> 01:01:23,044
oh no

1067
01:01:23,044 --> 01:01:24,964
oh no

1068
01:01:24,964 --> 01:01:28,464
I mean you pronounced snotty bent

1069
01:01:28,464 --> 01:01:29,984
to everybody as you did it

1070
01:01:29,984 --> 01:01:31,284
yeah

1071
01:01:31,284 --> 01:01:34,124
shout out to Evan and the team

1072
01:01:34,124 --> 01:01:36,384
continuing to build one of the best

1073
01:01:36,384 --> 01:01:37,784
mobile wallets in the space

1074
01:01:37,784 --> 01:01:40,264
next up we got

1075
01:01:40,264 --> 01:01:42,844
hash-based signature schemes for Bitcoin.

1076
01:01:43,844 --> 01:01:45,264
This is, I think, the biggest...

1077
01:01:46,664 --> 01:01:48,164
It's not even a development,

1078
01:01:48,324 --> 01:01:50,104
but this was the most interesting thing

1079
01:01:50,104 --> 01:01:51,424
out of Bitcoin this week.

1080
01:01:51,564 --> 01:01:55,504
So Jonas Nick and Mikhail Kudinov

1081
01:01:55,504 --> 01:01:56,844
from Blockstream Research

1082
01:01:56,844 --> 01:02:00,484
basically wrote a paper.

1083
01:02:01,424 --> 01:02:04,264
They looked at all the quantum-resistant...

1084
01:02:04,264 --> 01:02:05,984
Not all of them, but they dove into

1085
01:02:05,984 --> 01:02:07,764
quantum-resistant signature schemes

1086
01:02:07,764 --> 01:02:15,624
to, what would we say, quantum-proof Bitcoin private-public-key pairs.

1087
01:02:15,864 --> 01:02:18,244
Obviously, it's been a big topic of discussion this year.

1088
01:02:19,444 --> 01:02:23,584
As the quantum FUD increases, we're getting closer to quantum computing.

1089
01:02:23,684 --> 01:02:25,584
It says Bitcoin going to survive.

1090
01:02:25,704 --> 01:02:29,924
Many people have said that Bitcoiners aren't paying enough attention to this.

1091
01:02:29,924 --> 01:02:34,544
They don't view it as they're being a bit complacent.

1092
01:02:34,684 --> 01:02:36,684
They don't have enough urgency to solve this problem,

1093
01:02:36,684 --> 01:02:40,564
which I've been saying on air and off air.

1094
01:02:40,684 --> 01:02:43,424
I think that is a bit of a mischaracterization.

1095
01:02:43,604 --> 01:02:45,764
If you read the Bitcoin dev mailing list,

1096
01:02:45,824 --> 01:02:51,204
there's been many discussions about what we need to do around quantum for many months.

1097
01:02:51,604 --> 01:02:54,924
And I think this hash-based signature schemes for Bitcoin paper

1098
01:02:54,924 --> 01:03:00,184
proves that some of the most qualified cryptographers in Bitcoin

1099
01:03:00,184 --> 01:03:02,204
have been thinking about this as well.

1100
01:03:02,344 --> 01:03:05,104
Long story short, you can go read the paper.

1101
01:03:05,104 --> 01:03:11,704
it's going to sound like, and it's probably going to be way over most people's head because it was

1102
01:03:11,704 --> 01:03:17,684
over my head. Long story short, when we go to a quantum resistant address structure,

1103
01:03:19,124 --> 01:03:22,004
there's trade-offs, right? And I think that's been a big part of the discussion

1104
01:03:22,004 --> 01:03:25,764
this year is how do we manage those trade-offs? Because there's a lot of quantum resistant

1105
01:03:25,764 --> 01:03:32,704
libraries. They will work, but they take a ton of data. And so when you're switching to particular

1106
01:03:32,704 --> 01:03:35,924
quantum-resistant cryptographic signature schemes,

1107
01:03:36,204 --> 01:03:37,584
and you do that on Bitcoin,

1108
01:03:37,964 --> 01:03:40,484
like it could take a while for IBD,

1109
01:03:41,104 --> 01:03:43,364
block propagation, transaction propagation.

1110
01:03:43,744 --> 01:03:46,104
So we're sort of in this position

1111
01:03:46,104 --> 01:03:48,604
where we need to find a quantum-resistant address structure

1112
01:03:48,604 --> 01:03:51,704
that will use the least amount of data

1113
01:03:51,704 --> 01:03:54,104
and make it the least data-intensive as possible.

1114
01:03:54,104 --> 01:03:58,184
And that's what Jonas Nick and Mikhail

1115
01:03:58,184 --> 01:03:59,584
focused on in this paper.

1116
01:04:00,064 --> 01:04:02,004
It seems like they're pretty optimistic

1117
01:04:02,004 --> 01:04:04,644
that we can find a nice trade-off balance there.

1118
01:04:06,704 --> 01:04:08,644
Yeah, I mean, I'm...

1119
01:04:08,644 --> 01:04:13,704
By the way, RBF zapped 21,012 sats.

1120
01:04:14,804 --> 01:04:16,724
Palindrome zap boost.

1121
01:04:16,944 --> 01:04:17,424
There we go.

1122
01:04:17,724 --> 01:04:18,444
Bless you, Marty.

1123
01:04:18,584 --> 01:04:20,884
Thank God it was not a snot rocket to the camera.

1124
01:04:22,284 --> 01:04:24,024
You know, I'm a little conflicted on this one

1125
01:04:24,024 --> 01:04:27,104
because I think there's a lot of hype in the quantum space.

1126
01:04:27,904 --> 01:04:31,284
I mean, disclosure, neither of us are cryptography experts.

1127
01:04:32,004 --> 01:04:33,464
It's just like way above our head.

1128
01:04:33,704 --> 01:04:36,604
But my gut is that I know it's not a good answer.

1129
01:04:37,224 --> 01:04:40,144
My gut is that it's a lot of hype and a lot of fear over nothing.

1130
01:04:41,904 --> 01:04:46,764
That said, I think it's important that we have more research in this field.

1131
01:04:47,364 --> 01:05:01,944
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.

1132
01:05:02,004 --> 01:05:08,284
space. And then they can choose to opt into that. And it's a very easy answer to anyone

1133
01:05:08,284 --> 01:05:12,964
who is concerned about quantum narrative wise, you know, here, use this quantum resistant

1134
01:05:12,964 --> 01:05:21,004
address if you want. There's been a lot of spilled milk and conversation about what do

1135
01:05:21,004 --> 01:05:28,824
you do with old legacy addresses, particularly Satoshi coin has been discussed at length.

1136
01:05:28,824 --> 01:05:37,544
the early addresses are uh paid a public key like naked bare public key not they're not even hashed

1137
01:05:37,544 --> 01:05:43,384
um so theoretically if we do have a quantum type situation those will be vulnerable first

1138
01:05:44,504 --> 01:05:51,944
um and i i've i strongly believe that you just let those sell into the market just let them sell

1139
01:05:51,944 --> 01:05:59,304
into the market uh do not preemptively seize coin or freeze coin i think that breaks the bitcoin

1140
01:05:59,304 --> 01:06:07,384
social contract which is strictly on the property rights side um and like the quantum reality might

1141
01:06:07,384 --> 01:06:16,424
never actually happen if if bitcoin if old bitcoin is is stolen and sold uh because those holders

1142
01:06:16,424 --> 01:06:22,824
lost our keys and are not moving it, then yes, we will have short-term price volatility.

1143
01:06:24,664 --> 01:06:30,984
But if we seize Bitcoin or freeze Bitcoin, Bitcoin failed.

1144
01:06:31,484 --> 01:06:47,266
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

1145
01:06:48,206 --> 01:06:49,086
And I think-

1146
01:06:49,086 --> 01:06:51,026
We talked about this earlier in the year,

1147
01:06:51,026 --> 01:06:54,446
but there was one proposal for the legacy addresses

1148
01:06:54,446 --> 01:06:57,566
specifically, where it's like you could change the protocol

1149
01:06:57,566 --> 01:07:02,566
to limit the amount of UTXOs with that address structure.

1150
01:07:03,926 --> 01:07:05,986
Using that, they're stored in that address structure

1151
01:07:05,986 --> 01:07:07,386
I can move at any given point in time.

1152
01:07:07,606 --> 01:07:09,226
It's like away.

1153
01:07:10,666 --> 01:07:12,086
It would be twofold.

1154
01:07:12,406 --> 01:07:12,986
It was like if you,

1155
01:07:13,306 --> 01:07:16,146
man in the coma wakes up,

1156
01:07:16,206 --> 01:07:16,386
he's like,

1157
01:07:16,426 --> 01:07:16,566
oh,

1158
01:07:16,686 --> 01:07:18,686
I would have moved if I were up.

1159
01:07:18,786 --> 01:07:19,666
Like now I can.

1160
01:07:20,746 --> 01:07:22,206
It allows him to do that.

1161
01:07:22,526 --> 01:07:23,306
And then number two,

1162
01:07:23,426 --> 01:07:24,746
if there is a quantum attacker,

1163
01:07:24,886 --> 01:07:28,946
it sort of limits the speed at which they could drain those wallets.

1164
01:07:28,946 --> 01:07:30,126
And his alarm system,

1165
01:07:30,266 --> 01:07:31,486
if you're controlling those wallets,

1166
01:07:31,506 --> 01:07:33,146
you can begin to move those coins.

1167
01:07:33,266 --> 01:07:34,186
I thought that was unique.

1168
01:07:35,086 --> 01:07:35,106
Yeah.

1169
01:07:35,986 --> 01:07:42,206
solution to that particular problem yeah i mean i don't hate that idea conceptually right like a

1170
01:07:42,206 --> 01:07:54,206
throttle limit on how much like bare pub key transactions could go um but uh

1171
01:07:54,206 --> 01:08:03,546
and people can argue with me semantics wise like i think that effectively results in a hard fork

1172
01:08:03,546 --> 01:08:05,926
type scenario or a chain split type scenario.

1173
01:08:09,406 --> 01:08:12,266
At least at the time that someone tries to break the throttle,

1174
01:08:12,986 --> 01:08:15,586
it would result in a chain split.

1175
01:08:17,866 --> 01:08:21,046
Why wouldn't it be an invalid transaction?

1176
01:08:25,046 --> 01:08:27,266
So someone spent

1177
01:08:27,266 --> 01:08:31,126
hundreds of millions of dollars on quantum

1178
01:08:31,126 --> 01:08:36,646
in secret to attack early bitcoin but they're not going to mind block themselves

1179
01:08:40,406 --> 01:08:46,566
i mean that's another and so so then they mine the block themselves and then your quote unquote

1180
01:08:46,566 --> 01:08:51,686
soft fork becomes a chain split and then what if you effectively resulted in a hard fork

1181
01:08:52,406 --> 01:08:58,326
but it's you know at the time of activation it's a soft fork and i think that's way more

1182
01:08:58,326 --> 01:09:03,686
controversial. I think if we just add another address type, people can choose if they want to

1183
01:09:03,686 --> 01:09:08,966
use it. If not, if you think quantum is a concern to you, you can pay more in fees to use a quantum

1184
01:09:08,966 --> 01:09:20,246
resistant address. It's a very easy... As far as consensus rule activations go, it's a very easy

1185
01:09:20,246 --> 01:09:27,526
activation, a relatively easy activation. Because it's often... Yes, but what would you... Because

1186
01:09:27,526 --> 01:09:33,226
is like back 32 has what like 16 versions but it just become like another version version 3 of

1187
01:09:33,226 --> 01:09:38,806
back 30 or 4 or 5 whatever I think we're on 0 1 2 I think it would just become another address type

1188
01:09:38,806 --> 01:09:46,466
yeah you probably wouldn't be able to use back 32 you'd probably have to create a similar

1189
01:09:46,466 --> 01:09:52,466
I don't know Rob I don't know once again you're still in the comment I had probably know this

1190
01:09:52,466 --> 01:10:00,626
better than i do well i mean rob by the way since he zapped us so little and it was just a huge slap

1191
01:10:00,626 --> 01:10:08,946
in the face uh the the primary concern among quantum alarmists is early pay to public key

1192
01:10:09,586 --> 01:10:16,786
addresses but also taproot is not hashed either taproot addresses are also pay to bear pub key um

1193
01:10:16,786 --> 01:10:21,166
And if you're using Miniscript, you're using Dapwork.

1194
01:10:22,366 --> 01:10:22,506
Yeah.

1195
01:10:24,566 --> 01:10:25,626
To each their own.

1196
01:10:27,286 --> 01:10:29,626
Yeah, native Segwit is quantum safe,

1197
01:10:29,786 --> 01:10:30,566
core tech is safe.

1198
01:10:31,006 --> 01:10:31,346
It's the same.

1199
01:10:33,586 --> 01:10:34,986
I'm torn on it, right?

1200
01:10:35,026 --> 01:10:39,086
Because I understand people being concerned about it.

1201
01:10:39,186 --> 01:10:41,306
I will say it's a field dominated by hype.

1202
01:10:41,306 --> 01:10:46,286
to those that are newer here before

1203
01:10:46,286 --> 01:10:56,386
before Vitalik launched Ethereum he raised money for a quantum mining scam

1204
01:10:56,386 --> 01:11:07,166
to attack Bitcoin mining using quantum which obviously was not real so it's a it's a space

1205
01:11:07,166 --> 01:11:12,926
dominated with hype on the business side all these quantum companies i don't know how they monetize

1206
01:11:12,926 --> 01:11:18,846
it's like a one-time monetization event uh whether they're attacking bitcoin or attacking like chinese

1207
01:11:18,846 --> 01:11:22,606
encrypted comms or something it's like you have to like you get like one contract with the us

1208
01:11:22,606 --> 01:11:27,646
government and then the cat's out of the bag um so i don't understand how they monetize it

1209
01:11:28,766 --> 01:11:36,766
um so that's all scammy and they live and die off of the pr cycles but all that said

1210
01:11:37,166 --> 01:11:40,326
it's above most of our pay grades

1211
01:11:40,326 --> 01:11:43,646
and there are real people that are concerned about it

1212
01:11:43,646 --> 01:11:45,666
and they should have the option to pay more in fees

1213
01:11:45,666 --> 01:11:49,606
and use a super bloated address type

1214
01:11:49,606 --> 01:11:53,506
that is more quantum resistant.

1215
01:11:55,586 --> 01:11:57,706
If you read the research paper,

1216
01:11:58,066 --> 01:12:02,686
Jonas and Mikkel believe that there's an address type,

1217
01:12:02,986 --> 01:12:04,306
quantum resistant address type

1218
01:12:04,306 --> 01:12:06,926
that would take like three to four kilobytes.

1219
01:12:07,166 --> 01:12:10,806
for Vbite, I think, which is relatively small.

1220
01:12:10,806 --> 01:12:13,106
Wow.

1221
01:12:13,106 --> 01:12:16,146
OK, so Rob's really angry at me, by the way, now.

1222
01:12:16,146 --> 01:12:18,206
He still hasn't zapped.

1223
01:12:18,206 --> 01:12:26,826
But apparently they use pay to witness script hash.

1224
01:12:26,826 --> 01:12:28,166
You don't need Taproot for Miniscript.

1225
01:12:28,166 --> 01:12:29,126
So they're using Segwit.

1226
01:12:29,126 --> 01:12:34,606
They're not using Taproot for Anchorage?

1227
01:12:34,606 --> 01:12:35,566
Sounds like it.

1228
01:12:35,566 --> 01:12:37,106
TIO, didn't mean to fudge you.

1229
01:12:37,406 --> 01:12:39,466
Now he's telling me that all of Nostra

1230
01:12:39,466 --> 01:12:40,846
is based off of bare public keys.

1231
01:12:40,946 --> 01:12:42,846
The real treasure trove is QC2 attack.

1232
01:12:42,946 --> 01:12:44,006
Yeah, what's going to happen is

1233
01:12:44,006 --> 01:12:45,726
governments are going to secretly spend

1234
01:12:45,726 --> 01:12:47,866
billions of dollars to research quantum

1235
01:12:47,866 --> 01:12:50,086
and then they're going to ruin their edge

1236
01:12:50,086 --> 01:12:53,206
by accidentally posting for my Nostra account.

1237
01:12:53,766 --> 01:12:54,906
And they're going to start posting porn

1238
01:12:54,906 --> 01:12:55,766
for my account.

1239
01:12:55,846 --> 01:12:57,286
That's the quantum alarm bell right there.

1240
01:12:57,426 --> 01:12:59,366
If porn ever comes from my Nostra account,

1241
01:12:59,706 --> 01:13:01,086
you know it's here.

1242
01:13:01,726 --> 01:13:03,126
Yeah, that's bullshit.

1243
01:13:03,546 --> 01:13:04,766
That was Marty who sent it.

1244
01:13:05,566 --> 01:13:10,346
But to all the Bitcoiners out there that are against Noster,

1245
01:13:11,086 --> 01:13:13,026
it's the quantum alarm bell.

1246
01:13:14,046 --> 01:13:15,206
They reframed the narrative.

1247
01:13:16,246 --> 01:13:16,346
Yeah.

1248
01:13:16,806 --> 01:13:17,726
No, I agree with you.

1249
01:13:17,766 --> 01:13:18,306
I think it's FUD.

1250
01:13:18,806 --> 01:13:20,186
I thought, at the very least,

1251
01:13:20,246 --> 01:13:24,366
I thought this research paper is good refutation to the FUD

1252
01:13:24,366 --> 01:13:25,686
that Bitcoiners aren't taken seriously.

1253
01:13:25,806 --> 01:13:27,106
It's like, hey, here, we wrote this research.

1254
01:13:27,346 --> 01:13:28,586
We'd be really worried about it.

1255
01:13:29,246 --> 01:13:30,486
Here's some things we can do.

1256
01:13:30,486 --> 01:13:35,166
Is quantum

1257
01:13:35,166 --> 01:13:37,126
urgency a

1258
01:13:37,126 --> 01:13:39,086
psyop to get us to change Bitcoin? Maybe.

1259
01:13:40,086 --> 01:13:41,246
I don't think so. I don't think so

1260
01:13:41,246 --> 01:13:42,886
because if there was, like I said,

1261
01:13:43,066 --> 01:13:44,626
if there is a

1262
01:13:44,626 --> 01:13:46,946
quantum change to Bitcoin,

1263
01:13:47,066 --> 01:13:49,066
it would be very specific. It would be

1264
01:13:49,066 --> 01:13:50,526
this is a new address type.

1265
01:13:51,046 --> 01:13:51,326
That's it.

1266
01:13:51,326 --> 01:13:51,486
Yeah.

1267
01:13:56,246 --> 01:13:57,186
Which I like,

1268
01:13:57,246 --> 01:13:58,246
honestly, I'm fine with.

1269
01:14:00,486 --> 01:14:03,786
It's good that we're doing research into what that would look like,

1270
01:14:04,066 --> 01:14:05,666
how that would best look.

1271
01:14:06,666 --> 01:14:06,766
Yeah.

1272
01:14:08,986 --> 01:14:14,466
Another news into less cryptographic intensive conversation.

1273
01:14:14,786 --> 01:14:16,486
Farcaster pivoting.

1274
01:14:18,026 --> 01:14:18,566
Shocker.

1275
01:14:18,646 --> 01:14:19,526
I'm actually shocked.

1276
01:14:20,766 --> 01:14:22,446
I never thought they would have pivoted.

1277
01:14:24,066 --> 01:14:27,866
Our good friend, Alex Gladstein, more on Farcaster giving up

1278
01:14:27,866 --> 01:14:31,166
is how he's reading this pivot.

1279
01:14:32,106 --> 01:14:33,106
What's this guy's name in it?

1280
01:14:33,446 --> 01:14:34,506
D-R-D-W-R.

1281
01:14:35,506 --> 01:14:38,046
Dan something.

1282
01:14:38,786 --> 01:14:40,206
Romero? Is it Romero?

1283
01:14:40,326 --> 01:14:42,046
Dan Romero? Yeah, maybe Dan Romero?

1284
01:14:42,326 --> 01:14:43,006
Could be somebody else.

1285
01:14:43,506 --> 01:14:44,646
State of Forecaster, December.

1286
01:14:45,446 --> 01:14:46,246
Don't read it.

1287
01:14:46,966 --> 01:14:47,886
I was going to read it.

1288
01:14:48,366 --> 01:14:49,066
Okay, read it.

1289
01:14:49,086 --> 01:14:49,886
It's a good little reading blurb.

1290
01:14:50,586 --> 01:14:52,266
State of Forecaster, December 2025.

1291
01:14:52,266 --> 01:14:56,306
I'm going to be writing a series of casts this week on this topic.

1292
01:14:56,306 --> 01:14:59,626
Roon and I have been working on Farcaster for over five years.

1293
01:14:59,746 --> 01:15:04,826
The goal has always been to build an at-scale decentralized social networking protocol with

1294
01:15:04,826 --> 01:15:07,186
1 billion people using it every day.

1295
01:15:07,726 --> 01:15:08,846
This is a hard problem.

1296
01:15:09,266 --> 01:15:12,886
And while we made progress, we are still many orders of magnitude away from achieving our

1297
01:15:12,886 --> 01:15:13,126
goal.

1298
01:15:13,686 --> 01:15:18,946
Since the early days, we believe two things matter most, sufficient decentralization and

1299
01:15:18,946 --> 01:15:20,546
product-led protocol development.

1300
01:15:21,066 --> 01:15:22,626
Links to both blog posts below.

1301
01:15:22,626 --> 01:15:29,206
So that's led us to make pragmatic, not dogmatic, decisions about the low-level protocol and

1302
01:15:29,206 --> 01:15:32,346
make a lot of iterative changes with our own app.

1303
01:15:33,046 --> 01:15:35,646
We were never going to make decentralization maximalists happy.

1304
01:15:36,006 --> 01:15:38,986
We spent the first four and a half years with Social First Strategy.

1305
01:15:38,986 --> 01:15:42,746
We shipped a working version of the protocol that was sufficiently decentralized and allowed

1306
01:15:42,746 --> 01:15:48,126
multiple independent teams to missionlessly build on and integrate it.

1307
01:15:48,126 --> 01:15:53,726
however despite many different attempts and a few short-lived spikes we haven't been able to find a

1308
01:15:53,726 --> 01:15:59,426
sustainable growth mechanic for the twitter-like social network i.e no product market fit so now

1309
01:15:59,426 --> 01:16:06,366
they're pivoting to like a wallet service first right i mean you're the one who read it i mean

1310
01:16:06,366 --> 01:16:10,146
they didn't talk about the wallet in it but that's essentially what their pivot is is uh

1311
01:16:10,146 --> 01:16:16,346
they're gonna be like wallet first and then try to trojan horse social media in slowly over time

1312
01:16:16,346 --> 01:16:26,906
um yeah i mean look the the so to those people that aren't aware farcaster is like the shit

1313
01:16:26,906 --> 01:16:35,686
coin version of nostr and it had a lot of hype um last year they raised 150 million dollars at a

1314
01:16:35,686 --> 01:16:42,826
1 billion dollar valuation um paradigm was involved a16z was involved it was a who's who

1315
01:16:42,826 --> 01:16:47,306
of tech bros shitcoin tech bros billion they got a one billion dollar valuation they got a one

1316
01:16:47,306 --> 01:16:52,426
billion dollar valuation and by the way this is for the company that runs the pro it's like classic

1317
01:16:52,426 --> 01:16:57,866
shitcoin stuff right like there's no nostr company that could even raise money in the first place

1318
01:16:58,506 --> 01:17:05,866
um but it's just another example of of shitcoinry being a scam now they had a lot of hype

1319
01:17:07,226 --> 01:17:10,586
a lot more hype than nostr partially because of their backers

1320
01:17:10,586 --> 01:17:21,466
um and yeah they're like in uh i don't know they don't know what they're doing over there but yeah

1321
01:17:21,466 --> 01:17:27,626
they want to they want to focus on being a wallet is is is their goal um which is clearly not you

1322
01:17:27,626 --> 01:17:34,266
know what the investors expected i will say that on the nostre side i think there's a lot of crisis

1323
01:17:34,266 --> 01:17:36,026
of faith that is similar.

1324
01:17:38,206 --> 01:17:40,246
And if Nostra is successful,

1325
01:17:40,386 --> 01:17:42,066
it will be because of the long grind

1326
01:17:42,066 --> 01:17:44,086
of open source contributors

1327
01:17:44,086 --> 01:17:45,386
that push it forward.

1328
01:17:46,586 --> 01:17:47,946
You know, fighting network effects

1329
01:17:47,946 --> 01:17:57,728
is not an easy battle I telling you now what we doing now might be the killer app for Nostra What

1330
01:17:58,528 --> 01:17:59,468
Shitting on Rob?

1331
01:18:00,548 --> 01:18:02,328
That is, I mean, that's a killer app.

1332
01:18:02,328 --> 01:18:05,548
If your go-to-market strategy doesn't include shitting on Rob

1333
01:18:05,548 --> 01:18:06,848
as much as you can,

1334
01:18:07,008 --> 01:18:10,668
you're not going to succeed as a company or a protocol.

1335
01:18:10,948 --> 01:18:12,088
So lean into that first.

1336
01:18:12,208 --> 01:18:15,768
But no, I think Twitch live stream competitor

1337
01:18:15,768 --> 01:18:20,788
direct monetization with Bitcoin is a killer app.

1338
01:18:21,528 --> 01:18:22,348
I think so.

1339
01:18:22,408 --> 01:18:23,068
But I mean,

1340
01:18:23,808 --> 01:18:28,308
now we're like also kind of battling Tether with Rumble.

1341
01:18:29,228 --> 01:18:31,128
Did you see Tether wants to buy Juventus?

1342
01:18:31,868 --> 01:18:32,188
Yeah.

1343
01:18:32,468 --> 01:18:32,908
I'm actually,

1344
01:18:33,648 --> 01:18:36,268
back in my gamer days when I used to game big FIFA guy,

1345
01:18:36,348 --> 01:18:37,388
Juventus was my team.

1346
01:18:37,728 --> 01:18:37,888
Okay.

1347
01:18:37,928 --> 01:18:38,868
So I'm all for this.

1348
01:18:38,868 --> 01:18:39,008
There you go.

1349
01:18:40,508 --> 01:18:41,308
It's like Syria.

1350
01:18:41,808 --> 01:18:43,648
I was like Juventus all the way.

1351
01:18:44,088 --> 01:18:45,108
So Paolo,

1352
01:18:45,208 --> 01:18:45,608
if you're listening.

1353
01:18:45,768 --> 01:18:46,328
I know you are.

1354
01:18:46,488 --> 01:18:49,568
When you guys buy the team, I want to come and support.

1355
01:18:49,788 --> 01:18:52,608
I know Juventus has had a rough decade,

1356
01:18:52,828 --> 01:18:57,828
but I trust that under Tether's leadership,

1357
01:18:58,128 --> 01:19:01,148
they will get back to the status that they deserve.

1358
01:19:01,888 --> 01:19:04,588
I would love if the second chapter of Palos Life

1359
01:19:04,588 --> 01:19:06,188
is just a football manager.

1360
01:19:06,788 --> 01:19:09,788
He's just in his suit, not on the pitch.

1361
01:19:09,788 --> 01:19:11,568
He's in his sweatsuit on the sidelines.

1362
01:19:11,728 --> 01:19:12,788
He's definitely like this the whole time.

1363
01:19:15,768 --> 01:19:17,748
I wonder what Peter McCormick thinks about it.

1364
01:19:18,528 --> 01:19:20,588
It's a little bit of a step up above Bedford.

1365
01:19:21,308 --> 01:19:22,428
But anyway, it looks like they're going to...

1366
01:19:24,508 --> 01:19:28,148
If you want to know what fuck you money looks like,

1367
01:19:28,228 --> 01:19:32,528
it's spending a billion plus on a football club you like just because you can.

1368
01:19:33,488 --> 01:19:36,688
But anyway, I mean, with Rumble, they're kind of doing that with Rumble.

1369
01:19:37,768 --> 01:19:38,968
So it should be interesting.

1370
01:19:39,768 --> 01:19:43,828
I mean, a lot of people's thesis is that Bitcoin will just be incorporated

1371
01:19:43,828 --> 01:19:45,328
into all of these different things.

1372
01:19:45,768 --> 01:19:47,748
And I think that's probably directionally correct.

1373
01:19:47,868 --> 01:19:50,068
I think there's a sweet spot.

1374
01:19:50,188 --> 01:19:54,188
There's a window where Noster can be the winner there.

1375
01:19:54,488 --> 01:19:58,728
And it would be better for everyone because it's at its core an open protocol.

1376
01:19:59,348 --> 01:20:05,028
I just want to apologize to Rob as his largest investor,

1377
01:20:05,388 --> 01:20:07,688
not knowing that they don't use taproot addresses.

1378
01:20:07,948 --> 01:20:10,208
I feel like I brought shame to my family in that regard.

1379
01:20:10,448 --> 01:20:13,408
Yeah, that is a bit disappointing.

1380
01:20:13,608 --> 01:20:14,248
I'm not going to lie.

1381
01:20:14,248 --> 01:20:16,668
I mean you didn't know either

1382
01:20:16,668 --> 01:20:19,188
yes I did I corrected you immediately

1383
01:20:19,188 --> 01:20:20,968
did you

1384
01:20:20,968 --> 01:20:22,268
yeah

1385
01:20:22,268 --> 01:20:25,288
oh god now you got me

1386
01:20:25,288 --> 01:20:26,948
falling down a Juventus rabbit hole

1387
01:20:26,948 --> 01:20:29,068
Del Piero

1388
01:20:29,068 --> 01:20:30,928
Pavel

1389
01:20:30,928 --> 01:20:31,628
Nedved

1390
01:20:31,628 --> 01:20:35,388
Nedved was my guy back in like FIFA 09

1391
01:20:35,388 --> 01:20:37,348
Nedved

1392
01:20:37,348 --> 01:20:38,588
just running up the middle

1393
01:20:38,588 --> 01:21:00,308
all right moving on the list it's a friday marty if you were um i see jor in the live chat

1394
01:21:00,308 --> 01:21:04,048
what sports league would you guys own a team in if you had fuck you money

1395
01:21:04,048 --> 01:21:13,248
if I had fuck you

1396
01:21:13,248 --> 01:21:13,768
I mean

1397
01:21:13,768 --> 01:21:15,648
I love the

1398
01:21:15,648 --> 01:21:16,748
lacrosse league

1399
01:21:16,748 --> 01:21:17,708
team

1400
01:21:17,708 --> 01:21:18,348
unfortunately

1401
01:21:18,348 --> 01:21:19,008
lacrosse league

1402
01:21:19,008 --> 01:21:19,508
stink

1403
01:21:19,508 --> 01:21:21,268
not sure if it'd be

1404
01:21:21,268 --> 01:21:22,088
good value there

1405
01:21:22,088 --> 01:21:23,208
sustainable value

1406
01:21:23,208 --> 01:21:25,348
NFL would be far

1407
01:21:25,348 --> 01:21:25,548
I don't think

1408
01:21:25,548 --> 01:21:26,088
no

1409
01:21:26,088 --> 01:21:26,988
they're not buying

1410
01:21:26,988 --> 01:21:27,948
Juventus for value

1411
01:21:27,948 --> 01:21:28,308
actually

1412
01:21:28,308 --> 01:21:29,208
everybody in Philly

1413
01:21:29,208 --> 01:21:30,048
is focused on the Eagles

1414
01:21:30,048 --> 01:21:31,728
I would buy a chunk

1415
01:21:31,728 --> 01:21:32,208
of the Phillies

1416
01:21:32,208 --> 01:21:33,468
I love baseball

1417
01:21:33,468 --> 01:21:35,208
I love Washington

1418
01:21:35,208 --> 01:21:38,788
I think it's a great game

1419
01:21:38,788 --> 01:21:41,628
and as you can see here

1420
01:21:41,628 --> 01:21:45,508
I hold the Phillies 2008 World Series

1421
01:21:45,508 --> 01:21:46,528
near and dear to my heart

1422
01:21:46,528 --> 01:21:47,788
they won

1423
01:21:47,788 --> 01:21:49,528
the parade was on

1424
01:21:49,528 --> 01:21:51,748
I know exactly where I was

1425
01:21:51,748 --> 01:21:53,688
when Satoshi dropped the white paper

1426
01:21:53,688 --> 01:21:55,528
I was running through Broad Street

1427
01:21:55,528 --> 01:21:57,228
for the Phillies World Series parade

1428
01:21:57,228 --> 01:22:00,888
I'd probably buy the Phillies

1429
01:22:00,888 --> 01:22:03,268
a stake in the Phillies

1430
01:22:03,268 --> 01:22:04,608
I probably wouldn't be able to afford the whole team.

1431
01:22:05,808 --> 01:22:06,988
He'd be the influencer.

1432
01:22:07,208 --> 01:22:09,328
He'd be less than 1%.

1433
01:22:09,328 --> 01:22:12,428
Soccer team would be cool.

1434
01:22:12,508 --> 01:22:13,368
F1 would be cool.

1435
01:22:14,528 --> 01:22:15,548
F1 would be great.

1436
01:22:16,628 --> 01:22:18,188
Being able to go to paddocks in Monaco.

1437
01:22:19,148 --> 01:22:20,548
Yeah, I mean, if money was really...

1438
01:22:20,548 --> 01:22:21,248
F1 would be able to travel.

1439
01:22:22,188 --> 01:22:23,648
If money really wasn't a question,

1440
01:22:23,728 --> 01:22:24,628
I'd probably do F1.

1441
01:22:28,108 --> 01:22:30,348
I think basketball would be interesting too.

1442
01:22:30,348 --> 01:22:32,448
just because like

1443
01:22:32,448 --> 01:22:33,588
courtside's a vibe

1444
01:22:33,588 --> 01:22:36,308
yeah it's a place to be seen

1445
01:22:36,308 --> 01:22:37,808
courtside

1446
01:22:37,808 --> 01:22:38,688
yeah

1447
01:22:38,688 --> 01:22:43,268
what basketball team would you buy?

1448
01:22:47,108 --> 01:22:48,188
I don't know

1449
01:22:48,188 --> 01:22:50,268
that's a hard question

1450
01:22:50,268 --> 01:22:51,948
when Hyper Big Court

1451
01:22:51,948 --> 01:22:53,228
I know what F1 team would be

1452
01:22:53,228 --> 01:22:54,328
I'm going to buy the Phillies

1453
01:22:54,328 --> 01:22:55,328
just so I can like

1454
01:22:55,328 --> 01:22:57,288
I'm like direct competitor

1455
01:22:57,288 --> 01:22:57,968
with Steve Cohen

1456
01:22:57,968 --> 01:23:00,068
who owns the Mets now

1457
01:23:00,068 --> 01:23:01,068
and it's like

1458
01:23:01,068 --> 01:23:03,088
Bitcoin guy versus Citadel.

1459
01:23:05,708 --> 01:23:06,448
Citadel guy.

1460
01:23:06,628 --> 01:23:07,108
I like that.

1461
01:23:07,848 --> 01:23:08,668
I like that.

1462
01:23:08,748 --> 01:23:09,428
That's a good idea.

1463
01:23:11,168 --> 01:23:12,168
I like the idea

1464
01:23:12,168 --> 01:23:12,948
of buying the nuggets

1465
01:23:12,948 --> 01:23:14,848
and rebranding them to sats.

1466
01:23:18,008 --> 01:23:18,488
Oh,

1467
01:23:18,608 --> 01:23:20,368
well,

1468
01:23:20,668 --> 01:23:21,688
it wouldn't be sats, right?

1469
01:23:21,708 --> 01:23:22,808
Because nuggets are like a

1470
01:23:22,808 --> 01:23:24,128
slang term for

1471
01:23:24,128 --> 01:23:26,728
pieces of

1472
01:23:26,728 --> 01:23:27,928
Yeah,

1473
01:23:28,088 --> 01:23:28,628
so we're sats.

1474
01:23:28,628 --> 01:23:35,268
sats are pieces of bitcoin sats are equivalent to grams though right like they're not the

1475
01:23:35,908 --> 01:23:44,868
so what's a bitcoin what's a bitcoin nugget utx or uh a fat utxo the fat utx yes the denver utx

1476
01:23:44,868 --> 01:23:50,628
the denver fat utxos no i think i'd do sats the denver fatties just call them fatties all right

1477
01:23:51,668 --> 01:23:58,308
rebranding honestly i don't have that i don't have that much love for the city it's a pretty it's like

1478
01:23:58,308 --> 01:24:03,508
a nice it's this nice vibe i guess but i like alliteration so i would move them from denver

1479
01:24:04,228 --> 01:24:06,548
to seattle and they would be the seattle sats

1480
01:24:09,108 --> 01:24:11,508
i like this i think that's what i would do if it was an nba team

1481
01:24:12,628 --> 01:24:18,388
digi nugs that just sounds like a coin all right we gotta get through this list my wife's

1482
01:24:19,748 --> 01:24:26,148
got a party she's going to tonight i got the boys okay for the us new us border rolls uh again

1483
01:24:26,148 --> 01:24:35,548
And talking about Trojan horse and draconian measures in the United States, this is a step in that direction.

1484
01:24:35,548 --> 01:24:43,968
I believe these were sort of snuck in to some guidelines that the Department of Homeland Security put out.

1485
01:24:44,148 --> 01:24:54,548
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.

1486
01:24:55,508 --> 01:25:06,708
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.

1487
01:25:07,528 --> 01:25:18,488
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.

1488
01:25:19,768 --> 01:25:20,648
Not great.

1489
01:25:20,648 --> 01:25:33,228
no and the memo also said dna i think biometric like actual dna yeah like what is that like a

1490
01:25:33,228 --> 01:25:39,568
pinprick or something do they take a hair sample i don't know i mean look i um

1491
01:25:39,568 --> 01:25:49,108
I think, well, first of all, technically this is not approved yet,

1492
01:25:49,168 --> 01:25:53,288
but it probably will be approved because it's in line with Trump's executive order.

1493
01:25:56,288 --> 01:25:59,648
I think it's a, you know, I understand the argument.

1494
01:25:59,768 --> 01:26:01,228
I saw some arguments on Noster.

1495
01:26:01,868 --> 01:26:04,708
By the way, Freaks, I would, if I was going to pick one team,

1496
01:26:04,708 --> 01:26:06,748
it would definitely be an F1 team.

1497
01:26:06,948 --> 01:26:09,148
It wouldn't be the Seattle Saps.

1498
01:26:09,568 --> 01:26:15,508
but Marty's upset with me for pulling back and I would buy Ferrari I know

1499
01:26:15,508 --> 01:26:18,628
they're not for sale but I would have infinite money in this theoretical so I

1500
01:26:18,628 --> 01:26:27,328
would buy them I the problem is is repercussions as someone who likes to

1501
01:26:27,328 --> 01:26:31,888
travel so I heard a Noster someone someone on Noster I think made a decent

1502
01:26:31,888 --> 01:26:35,428
enough argument that we have a problem with illegal immigration in this country

1503
01:26:35,428 --> 01:26:37,968
and we should be very careful about who we let into the country.

1504
01:26:38,828 --> 01:26:42,828
And I think on the surface, that argument is actually quite solid

1505
01:26:42,828 --> 01:26:45,028
because we definitely do.

1506
01:26:45,328 --> 01:26:47,828
That is definitely the reality we live under right now.

1507
01:26:48,828 --> 01:26:52,348
The problem is this is actually policy.

1508
01:26:53,088 --> 01:26:57,128
This would be policy for tier one partner countries or whatever, right?

1509
01:26:57,128 --> 01:27:03,368
So the London elites that come visit America would be subject

1510
01:27:03,368 --> 01:27:06,928
to providing everything Marty just explained,

1511
01:27:08,648 --> 01:27:10,568
multiple years of social media history,

1512
01:27:10,568 --> 01:27:14,128
every email address, every phone number, IP addresses, DNA,

1513
01:27:14,128 --> 01:27:16,808
like a shit ton of fucking stuff.

1514
01:27:16,808 --> 01:27:18,728
And as Americans, when we travel there,

1515
01:27:18,728 --> 01:27:20,228
that's what they're gonna require of us.

1516
01:27:20,228 --> 01:27:23,708
Like, I mean, otherwise it's hard to respect them

1517
01:27:23,708 --> 01:27:27,648
if they don't respond in kind.

1518
01:27:27,648 --> 01:27:29,328
And I like traveling internationally

1519
01:27:29,328 --> 01:27:31,068
and I do not wanna give up this information.

1520
01:27:31,068 --> 01:27:33,248
Like this is the horrible slippery slope.

1521
01:27:33,368 --> 01:27:41,308
um to that point i think i've been very consistent that it's going to be harder like we lived in the

1522
01:27:41,308 --> 01:27:47,808
we we we had the privilege of living in the golden age of travel years travel as much as you can get

1523
01:27:47,808 --> 01:27:56,708
it in while you can um but like i can't i i do not blame any of my global friends for not visiting

1524
01:27:56,708 --> 01:27:59,028
us in America if this is what they have to do.

1525
01:27:59,808 --> 01:28:04,948
And I would refuse to do it if I had to go into another country and do this.

1526
01:28:05,968 --> 01:28:10,288
Well, tying this back to the Australia story, I'm really interested to see what the adoption

1527
01:28:10,288 --> 01:28:17,148
rate and how many people actually go through with the sort of ID to get access to these

1528
01:28:17,148 --> 01:28:18,068
social media platforms.

1529
01:28:18,568 --> 01:28:23,248
I know, probably not hopeful, but it would be interesting to see if there was some sort

1530
01:28:23,248 --> 01:28:26,128
of civil disobedience of people just saying, no, I'm not doing this.

1531
01:28:26,128 --> 01:28:30,588
And hopefully the social media companies will just openly report this.

1532
01:28:30,708 --> 01:28:41,348
Like since the digital ID law went into effect, X amount of activity has dropped from our platform in these regions, in Australia specifically.

1533
01:28:42,208 --> 01:28:43,128
Because that's the other thing too.

1534
01:28:43,248 --> 01:28:47,808
Like if there is enough civil disobedience, I mean, like you said, this hasn't implemented yet.

1535
01:28:47,808 --> 01:28:50,168
It's a proposal, which is insane.

1536
01:28:50,168 --> 01:28:51,688
but

1537
01:28:51,688 --> 01:28:55,568
like how big is the

1538
01:28:55,568 --> 01:28:57,488
tourism economy in the United States

1539
01:28:57,488 --> 01:28:58,288
if

1540
01:28:58,288 --> 01:29:11,270
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

1541
01:29:11,390 --> 01:29:12,450
Maybe they back away from it,

1542
01:29:12,530 --> 01:29:14,270
but yeah,

1543
01:29:14,270 --> 01:29:14,430
I mean,

1544
01:29:14,430 --> 01:29:15,170
I don't know how,

1545
01:29:15,370 --> 01:29:18,810
like obviously other countries are more reliant on tourism than we are,

1546
01:29:18,810 --> 01:29:21,230
at least percentage wise of GDP.

1547
01:29:23,210 --> 01:29:24,350
I'm sure like,

1548
01:29:24,410 --> 01:29:25,830
it's still like in absolute terms,

1549
01:29:25,830 --> 01:29:32,370
a staggering amount of money is generated off of tourism in America just because it's

1550
01:29:32,370 --> 01:29:37,310
such a desirable location, like a destination.

1551
01:29:37,310 --> 01:29:42,490
But on the Bitcoin side, let's use the Bitcoin side, for example, it's like pretty hard to

1552
01:29:42,490 --> 01:29:48,670
with a straight face have any kind of event or conference or whatever in America with

1553
01:29:48,670 --> 01:29:50,590
this kind of policy in place.

1554
01:29:50,590 --> 01:29:51,590
Yeah.

1555
01:29:51,590 --> 01:29:55,350
Like all the people that I'd want to attend would not attend on principle.

1556
01:29:55,830 --> 01:30:02,210
yeah and those in my mind a lot of those people are some of the brightest minds in the world

1557
01:30:02,210 --> 01:30:06,930
those are the types of people that we want to be you know building businesses in nashville for

1558
01:30:06,930 --> 01:30:12,190
instance yeah and that's i mean this goes back to what we were saying earlier about like digital id

1559
01:30:12,190 --> 01:30:17,030
as the trojan horse digital id because of the border security i mean this is a step in that

1560
01:30:17,030 --> 01:30:27,470
direction essentially it's like well instead of having to um get a mouth swab and uh spend the

1561
01:30:27,470 --> 01:30:34,050
hours collecting all this data and sending to it sending it to us each time you decide to come to

1562
01:30:34,050 --> 01:30:38,950
the united states we'll just download this app and upload it once and we'll have that recorded

1563
01:30:38,950 --> 01:30:45,330
forever you can see that being the mechanism for it and laying the groundwork for it oh 100

1564
01:30:45,330 --> 01:30:45,770
100%.

1565
01:30:45,770 --> 01:30:46,690
Yeah.

1566
01:30:47,190 --> 01:30:48,810
I mean, they're not even being that,

1567
01:30:48,810 --> 01:30:52,010
they're not even being that sly about it.

1568
01:30:52,030 --> 01:30:54,130
Like all this shit is going to get uploaded to Palantir.

1569
01:30:57,490 --> 01:30:57,890
Yeah.

1570
01:31:04,390 --> 01:31:07,070
You're shooing Rob Hamilton out of rooms now?

1571
01:31:07,630 --> 01:31:08,670
I'd love to see it.

1572
01:31:08,770 --> 01:31:09,270
I'd love to see it.

1573
01:31:09,270 --> 01:31:11,150
We need to make shooing great again.

1574
01:31:11,350 --> 01:31:12,950
Just if somebody's annoying you,

1575
01:31:13,410 --> 01:31:14,470
you don't want them in your presence,

1576
01:31:14,470 --> 01:31:15,630
just shoo them.

1577
01:31:16,250 --> 01:31:18,810
Does Lloyd's of London

1578
01:31:18,810 --> 01:31:20,730
ensure against quantum?

1579
01:31:23,150 --> 01:31:24,970
That's a question for Rob.

1580
01:31:26,810 --> 01:31:27,430
I know.

1581
01:31:27,490 --> 01:31:28,510
I was asking him, not you.

1582
01:31:28,830 --> 01:31:29,630
I didn't even know

1583
01:31:29,630 --> 01:31:30,950
they don't use taproot addresses.

1584
01:31:33,410 --> 01:31:34,270
Oh, God.

1585
01:31:34,630 --> 01:31:34,950
All right.

1586
01:31:35,010 --> 01:31:36,430
On to more dystopian stories.

1587
01:31:36,910 --> 01:31:38,110
I love that you loaded the list

1588
01:31:38,110 --> 01:31:39,650
with the stuff on a Friday afternoon.

1589
01:31:40,770 --> 01:31:42,510
I'm going to try and enjoy my weekend.

1590
01:31:42,510 --> 01:31:45,110
from Pascal Bornet.

1591
01:31:45,850 --> 01:31:46,790
RIP Privacy.

1592
01:31:46,890 --> 01:31:49,210
AI glasses can now recognize anyone, anywhere.

1593
01:31:49,470 --> 01:31:52,350
A Dutch journalist just tested a pair of AI-powered glasses

1594
01:31:52,350 --> 01:31:55,170
that can instantly identify strangers on the street.

1595
01:31:55,250 --> 01:31:57,130
No government database, no police system,

1596
01:31:57,670 --> 01:31:59,950
just public data and off-the-shelf AI.

1597
01:32:00,370 --> 01:32:00,870
You look at someone's...

1598
01:32:00,870 --> 01:32:01,370
Isn't that great?

1599
01:32:02,050 --> 01:32:05,370
Their name, LinkedIn, and background appear before your eyes.

1600
01:32:05,450 --> 01:32:06,170
The scariest part?

1601
01:32:06,610 --> 01:32:07,530
You can't really stop it.

1602
01:32:08,170 --> 01:32:10,410
You can ban it, regulate it, add blinking red lights.

1603
01:32:10,410 --> 01:32:12,370
But once the tech like this exists,

1604
01:32:12,970 --> 01:32:14,470
Someone will always find a way to use it.

1605
01:32:14,550 --> 01:32:16,050
To me, this marks a turning point.

1606
01:32:16,870 --> 01:32:20,570
It officially blurred the line between seeing people and knowing them,

1607
01:32:21,030 --> 01:32:22,950
between being in public and being exposed.

1608
01:32:23,670 --> 01:32:24,450
So here's the question.

1609
01:32:25,170 --> 01:32:26,730
When every face becomes a data set,

1610
01:32:26,850 --> 01:32:28,810
how do we protect the meaning of being human?

1611
01:32:30,710 --> 01:32:36,090
That's just jumping straight into the existential questions of our time.

1612
01:32:36,090 --> 01:32:47,650
um yeah i mean that's just some ai engagement slop at the end but uh the general concept is sound

1613
01:32:47,650 --> 01:32:53,410
and fucked up and scary and i mean i think it goes in line with the last conversation we had

1614
01:32:53,410 --> 01:32:59,670
um which is by the way like the answer i've seen a lot of people say like oh well

1615
01:32:59,670 --> 01:33:05,250
i just won't have a social media presence or anything like that i won't have email addresses

1616
01:33:05,250 --> 01:33:13,210
onfo numbers and as someone who my only social media for the you know over a decade now was was

1617
01:33:13,210 --> 01:33:24,310
x and now it's only nostor um i i i i share the sentiment but when you have tech like this

1618
01:33:24,310 --> 01:33:29,310
whether it's at the border or whether it's in a restaurant or it's at an employer or something

1619
01:33:29,310 --> 01:33:34,890
if you pull if they pull up a face first of all with me obviously my face is out there but if they

1620
01:33:34,890 --> 01:33:43,130
pull up a facial recognition of you and they have no data comes up like straight to the gulag like

1621
01:33:43,130 --> 01:33:47,350
you know there's not like you didn't just solve the system like oh they don't have a linkedin

1622
01:33:47,350 --> 01:33:52,590
blah blah it's like no this person is the most suspicious person ever because they have no

1623
01:33:52,590 --> 01:33:56,410
information whatsoever on you while they have information on every other person that walks by

1624
01:33:56,410 --> 01:34:01,510
and you get killed by process of elimination it's like that you make your license plate a bunch of

1625
01:34:01,510 --> 01:34:02,530
ones and eyes.

1626
01:34:03,070 --> 01:34:05,410
So like, oh, they can't tell what my license plate is.

1627
01:34:05,470 --> 01:34:07,070
Oh, it's that guy with a bunch of ones and eyes.

1628
01:34:07,510 --> 01:34:07,690
Yeah.

1629
01:34:08,470 --> 01:34:11,370
Yeah, like every state trooper knows who you are.

1630
01:34:14,230 --> 01:34:17,250
It'd be pretty badass, though, to be the guy like showing up to TSA.

1631
01:34:17,350 --> 01:34:18,110
They're like, wait a second.

1632
01:34:18,770 --> 01:34:21,050
They just won't let you travel.

1633
01:34:21,470 --> 01:34:27,150
Like, it'll be badass up until the point where you just get whisked away into the black room

1634
01:34:27,150 --> 01:34:28,750
and they ask why no data came up.

1635
01:34:28,750 --> 01:34:36,910
this conversation's got thoughts of fed posting in my mind i'm not going to do it though

1636
01:34:36,910 --> 01:34:42,830
do we live in a free world do we live in a free country who's going to hold these despots

1637
01:34:42,830 --> 01:34:51,810
accountable questions for another day um breaking anchor watch does not ensure

1638
01:34:51,810 --> 01:34:57,930
against quantum yet for what it's worth right all right that's the tweet for next week breaking

1639
01:34:57,930 --> 01:35:01,990
emergency broadcast

1640
01:35:01,990 --> 01:35:03,550
emergency broadcast

1641
01:35:03,550 --> 01:35:06,170
you can't get your

1642
01:35:06,170 --> 01:35:07,350
quantum coverage

1643
01:35:07,350 --> 01:35:08,850
from Lloyds of London

1644
01:35:08,850 --> 01:35:11,450
last

1645
01:35:11,450 --> 01:35:13,710
an uplifting story to end the week

1646
01:35:13,710 --> 01:35:16,250
uplifting depending on how you look

1647
01:35:16,250 --> 01:35:17,690
at it uplifting for Carvana

1648
01:35:17,690 --> 01:35:19,830
stockholders

1649
01:35:19,830 --> 01:35:21,070
go to the five year chart

1650
01:35:21,070 --> 01:35:22,610
do the five year chart

1651
01:35:22,610 --> 01:35:24,970
if you bought

1652
01:35:24,970 --> 01:35:27,290
Carvana in

1653
01:35:27,290 --> 01:35:29,910
the middle of 2023,

1654
01:35:30,630 --> 01:35:32,490
you're sitting on a nice

1655
01:35:32,490 --> 01:35:34,930
40x right now.

1656
01:35:35,330 --> 01:35:36,850
That's such a ridiculous chart.

1657
01:35:39,350 --> 01:35:40,430
Marty goes to me

1658
01:35:40,430 --> 01:35:41,870
before we go in,

1659
01:35:41,970 --> 01:35:42,310
and he's like,

1660
01:35:42,430 --> 01:35:44,870
why is the Carvana Yahoo Finance

1661
01:35:44,870 --> 01:35:46,250
like at the end of the...

1662
01:35:46,250 --> 01:35:46,790
It's just like

1663
01:35:46,790 --> 01:35:48,290
a fucking insane chart.

1664
01:35:50,110 --> 01:35:50,850
I remember...

1665
01:35:50,850 --> 01:35:51,210
I forget.

1666
01:35:52,230 --> 01:35:52,850
They had some...

1667
01:35:53,590 --> 01:35:54,750
The CEO is there.

1668
01:35:54,810 --> 01:35:55,610
I'm pretty sure he's still there.

1669
01:35:55,730 --> 01:35:56,350
He was on a podcast.

1670
01:35:56,470 --> 01:35:57,170
I think it was with Patrick.

1671
01:35:57,170 --> 01:35:57,790
O'Shaughnessy.

1672
01:36:00,550 --> 01:36:01,590
What's that show called?

1673
01:36:03,350 --> 01:36:05,110
Patrick O'Shaughnessy podcast.

1674
01:36:05,690 --> 01:36:06,490
It's a really good one.

1675
01:36:06,770 --> 01:36:08,510
Get a perspective on.

1676
01:36:09,310 --> 01:36:11,230
Invest like the best. Is it the one with the safe

1677
01:36:11,230 --> 01:36:12,750
deposit boxes in the background?

1678
01:36:13,790 --> 01:36:15,210
I don't know if it's got safe deposit

1679
01:36:15,210 --> 01:36:17,090
boxes in the background. It's called Invest

1680
01:36:17,090 --> 01:36:18,710
Like the Best, but he had this guy on and

1681
01:36:18,710 --> 01:36:21,170
they were

1682
01:36:21,170 --> 01:36:22,870
hurting and he made some changes

1683
01:36:22,870 --> 01:36:24,890
and now they're not hurt. They're thriving.

1684
01:36:27,170 --> 01:36:29,170
I know people that have bought cars via Carvana too

1685
01:36:29,170 --> 01:36:30,250
and had a really good experience.

1686
01:36:30,510 --> 01:36:31,450
So it seems like...

1687
01:36:31,450 --> 01:36:34,030
Yeah, but they shouldn't have bought a fucking car.

1688
01:36:34,110 --> 01:36:35,110
They should have bought the stock.

1689
01:36:35,970 --> 01:36:36,830
Yeah, that's true.

1690
01:36:38,150 --> 01:36:39,170
That's a ridiculous...

1691
01:36:39,170 --> 01:36:40,350
That's like...

1692
01:36:40,350 --> 01:36:42,530
It's very rare you see a five-year chart like that.

1693
01:36:46,770 --> 01:36:47,510
Oh, what?

1694
01:36:51,610 --> 01:36:53,530
How does BTC pins know about that?

1695
01:36:53,610 --> 01:36:54,370
I'll get you on there,

1696
01:36:54,430 --> 01:36:56,170
but we're not supposed to be talking about that yet.

1697
01:36:56,170 --> 01:36:57,710
I was wondering about that.

1698
01:36:57,790 --> 01:36:58,830
I didn't know it was public yet.

1699
01:36:59,570 --> 01:37:00,470
Who's leaking it?

1700
01:37:00,930 --> 01:37:01,910
Who's leaking this?

1701
01:37:06,830 --> 01:37:08,850
BTC Pins, keep your mouth shut.

1702
01:37:09,650 --> 01:37:09,950
Yeah.

1703
01:37:10,130 --> 01:37:11,430
I mean, I'm still working on it.

1704
01:37:11,550 --> 01:37:12,390
It's been iterating on it.

1705
01:37:12,410 --> 01:37:13,730
If you've been going to the site,

1706
01:37:13,890 --> 01:37:15,050
you've seen that we're adding stuff.

1707
01:37:15,050 --> 01:37:19,390
But I guess since BTC Pins just blew the pooch,

1708
01:37:19,510 --> 01:37:21,990
we'll give an emergency update.

1709
01:37:23,390 --> 01:37:25,370
Start a new website, bitcoinproducts.com.

1710
01:37:25,490 --> 01:37:25,990
Go check it out.

1711
01:37:26,170 --> 01:37:33,830
trying to uh i guess you can you can pull it up logan well we're trying to keep this under wraps

1712
01:37:33,830 --> 01:37:42,030
until we finish it um get it up but i don't know i vibe you were this he removed his comment but

1713
01:37:42,030 --> 01:37:50,090
you're just okay whatever we're good we'll get you up there ptc pins um jesus christ just try to

1714
01:37:50,090 --> 01:37:50,870
keep it under wraps.

1715
01:37:51,970 --> 01:37:54,350
I want to know who's the leaker

1716
01:37:54,350 --> 01:37:56,310
in the network that I've been teasing

1717
01:37:56,310 --> 01:37:57,590
this to to get some feedback.

1718
01:37:58,270 --> 01:38:00,010
Go to bitcoinproducts.com

1719
01:38:00,010 --> 01:38:02,090
trying to create just a place

1720
01:38:02,090 --> 01:38:04,490
for people

1721
01:38:04,490 --> 01:38:06,270
to get the best Bitcoin-only products

1722
01:38:06,270 --> 01:38:08,590
if your friends and family are getting in.

1723
01:38:08,690 --> 01:38:09,970
They're saying, hey, where do I buy Bitcoin?

1724
01:38:10,470 --> 01:38:11,630
What wallet should I use?

1725
01:38:12,630 --> 01:38:13,690
I vibe-coded a site.

1726
01:38:14,490 --> 01:38:15,470
So you can check it out.

1727
01:38:18,990 --> 01:38:19,730
That's hilarious.

1728
01:38:20,090 --> 01:38:21,030
yeah

1729
01:38:21,030 --> 01:38:26,550
I was waiting until next week to release it

1730
01:38:26,550 --> 01:38:27,970
as a Christmas gift for the world

1731
01:38:27,970 --> 01:38:30,230
how the fuck did you all know about it

1732
01:38:30,230 --> 01:38:32,050
Christmas came early this year

1733
01:38:32,050 --> 01:38:34,490
for BTC pins I'm going to have to go deep

1734
01:38:34,490 --> 01:38:35,990
into my network and figure out who

1735
01:38:35,990 --> 01:38:38,010
who leaked this information

1736
01:38:38,010 --> 01:38:39,490
I made it very explicit

1737
01:38:39,490 --> 01:38:41,450
not trying to market it publicly yet

1738
01:38:41,450 --> 01:38:42,430
well why don't we just

1739
01:38:42,430 --> 01:38:45,390
BTC pins like Marty's not going to add you

1740
01:38:45,390 --> 01:38:46,510
to the website unless you

1741
01:38:46,510 --> 01:38:49,750
no no we don't advocate snitching

1742
01:38:49,750 --> 01:38:52,730
either. Okay. This is, this is, this is something that you,

1743
01:38:52,730 --> 01:38:55,330
it's just a little friendly gulag behavior.

1744
01:38:56,170 --> 01:39:00,790
Yeah. Yeah. I got leaks and leaks in the ship. You never like to see it.

1745
01:39:01,810 --> 01:39:02,410
Leaks in the ship.

1746
01:39:02,410 --> 01:39:06,050
There's people leaking the new website that I didn't want public yet, baby.

1747
01:39:06,170 --> 01:39:06,910
What do you think of that?

1748
01:39:08,290 --> 01:39:09,470
Don't talk. Don't talk.

1749
01:39:11,130 --> 01:39:13,890
My wife just checked. She's got a good voice recognition.

1750
01:39:13,890 --> 01:39:17,710
before we wrap

1751
01:39:17,710 --> 01:39:20,070
Cactus Jack zapped 100,000 sats

1752
01:39:20,070 --> 01:39:21,970
100k just because

1753
01:39:21,970 --> 01:39:23,690
love you guys been listening for years

1754
01:39:23,690 --> 01:39:25,330
first time I've been able to listen live

1755
01:39:25,330 --> 01:39:25,930
thank you sir

1756
01:39:25,930 --> 01:39:31,110
thank you for the zap

1757
01:39:31,110 --> 01:39:33,230
you know what I don't mind BTC pins

1758
01:39:33,230 --> 01:39:34,310
we're going to get you on the site

1759
01:39:34,310 --> 01:39:35,270
you know what

1760
01:39:35,270 --> 01:39:38,790
ship iterate get it out there

1761
01:39:38,790 --> 01:39:40,930
bitcoinproducts.com go check it out

1762
01:39:40,930 --> 01:39:42,150
what are you going to do

1763
01:39:42,150 --> 01:39:44,990
You're going to add another category that's just pins?

1764
01:39:45,270 --> 01:39:46,810
Like, what category do you put them in?

1765
01:39:47,670 --> 01:39:48,110
Accessories.

1766
01:39:48,290 --> 01:39:48,690
Accessories.

1767
01:39:48,830 --> 01:39:52,070
If you get accessories, we have an accessories category.

1768
01:39:53,110 --> 01:39:55,170
Why is CoinKite in accessories?

1769
01:39:55,510 --> 01:39:56,710
Are they in hardware wallets too?

1770
01:39:56,870 --> 01:39:57,270
Yeah.

1771
01:39:57,750 --> 01:39:58,070
Yeah.

1772
01:39:58,330 --> 01:40:00,730
You go across categories.

1773
01:40:00,990 --> 01:40:02,170
I'm doing it live.

1774
01:40:03,050 --> 01:40:03,270
Okay.

1775
01:40:03,370 --> 01:40:03,910
Should we wrap?

1776
01:40:04,810 --> 01:40:05,470
Let's wrap.

1777
01:40:07,190 --> 01:40:08,290
Stay on the Stack Sats.

1778
01:40:09,010 --> 01:40:09,730
Peace and love, freaks.

1779
01:40:12,150 --> 01:40:14,210
you