1 00:00:00,000 --> 00:00:07,920 What's up freaks? This rip of RHR was brought to you by our good friends at CoinKite. 2 00:00:08,180 --> 00:00:13,700 They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves, 3 00:00:13,780 --> 00:00:18,460 it's got a full screen, full keyboard here. As you can see, if you're watching, if you can't watch, 4 00:00:18,560 --> 00:00:22,020 just imagine something that looks like a BlackBerry. It allows you to create private 5 00:00:22,020 --> 00:00:29,560 public key pairs offline in an airgat fashion. Never have to connect the Cold Card Q to an 6 00:00:29,560 --> 00:00:36,220 internet device you can sign transactions and psbt's remotely in the most secure fashion if 7 00:00:36,220 --> 00:00:40,960 you're a bitcoin power user and you're looking for the best security go pick up a cold card queue 8 00:00:40,960 --> 00:00:46,660 and go to coin kite.com find the cold card queue there i think you go to cold card.com as well 9 00:00:46,660 --> 00:00:53,420 use the code rhr for five percent off step up your security get a cold card queue this route was also 10 00:00:53,420 --> 00:00:58,960 brought to you by our good friends at stack work if you're looking for a great way to make kyc 11 00:00:58,960 --> 00:01:05,220 free sets stack work has bounties go to stackwork.ai find their bounties page and contribute 12 00:01:05,220 --> 00:01:10,240 to the bounties you can make bitcoin kyc free for completing the bounties if you're a developer 13 00:01:10,240 --> 00:01:16,480 looking to scoop up some easy sets go check out the bounties contribute to them and stack some 14 00:01:16,480 --> 00:01:23,740 sets stackwork.ai matt and i've been talking about privacy and the importance of using a vpn for 15 00:01:23,740 --> 00:01:28,180 seven years now literally seven years i believe at least once every episode or two it's like hey 16 00:01:28,180 --> 00:01:29,100 Make sure you're running a VPN. 17 00:01:29,740 --> 00:01:31,340 I think it's especially important today 18 00:01:31,340 --> 00:01:33,160 where you have governments in the UK, 19 00:01:33,640 --> 00:01:35,460 other parts of Europe, all across the world, 20 00:01:35,860 --> 00:01:37,380 really trying to introduce digital ID 21 00:01:37,380 --> 00:01:39,620 and curbing speech with hate speech laws. 22 00:01:40,100 --> 00:01:41,500 Make sure you're protecting your privacy 23 00:01:41,500 --> 00:01:44,600 and shielding yourself from government surveillance 24 00:01:44,600 --> 00:01:46,400 as you're perusing the web. 25 00:01:47,020 --> 00:01:49,880 Our VPN of choice here at RHR is Obscura. 26 00:01:50,060 --> 00:01:52,060 It's built by a Bitcoiner for Bitcoiners. 27 00:01:52,140 --> 00:01:54,300 Carl Dung did some very critical work for Bitcoin 28 00:01:54,300 --> 00:01:57,120 back in the day, but he decided to shift his focus 29 00:01:57,120 --> 00:01:59,180 to bring privacy to everybody with Obscura. 30 00:01:59,340 --> 00:02:01,080 It is a VPN that cannot log. 31 00:02:01,420 --> 00:02:02,540 Literally, by the way, it's designed. 32 00:02:03,080 --> 00:02:05,420 A lot of VPNs will hand ways, say, we're not logging, we're not logging. 33 00:02:05,500 --> 00:02:06,180 You can't trust them. 34 00:02:06,580 --> 00:02:08,120 You want the VPN that cannot log. 35 00:02:08,560 --> 00:02:09,160 That is Obscura. 36 00:02:09,620 --> 00:02:10,920 Go to Obscura.net. 37 00:02:11,260 --> 00:02:15,480 Use the code RHR for 25% off when you sign up any of their deals. 38 00:02:16,160 --> 00:02:18,420 Make sure you're using it, particularly if you're in one of these countries 39 00:02:18,420 --> 00:02:20,760 where the governments are becoming extremely censorious 40 00:02:20,760 --> 00:02:23,920 and targeting citizens that exhibit wrong things. 41 00:02:24,040 --> 00:02:24,920 You should be running a VPN. 42 00:02:25,140 --> 00:02:26,360 That VPN should be Obscura. 43 00:02:26,360 --> 00:02:33,060 obscura.net code rhr 25 off this rip was brought to you by our official electrolyte sponsor here 44 00:02:33,060 --> 00:02:39,760 at rhr salt of the earth you've been hearing matt and i talk about it quite a bit i drink multiple 45 00:02:39,760 --> 00:02:44,280 packets up in a day you got to stay hydrated that's why my face looks so good so i'm getting 46 00:02:44,280 --> 00:02:48,280 buff i'm able to get to the gym more because i'm hydrated matt he's looking incredible i'm sure 47 00:02:48,280 --> 00:02:54,500 you've all noticed it you want to know why salt of the earth baby go to drinksauté.com use the 48 00:02:54,500 --> 00:03:00,540 code RHR, you're going to get 15% off. I'm dead serious. It has made my life way better. My wife, 49 00:03:00,880 --> 00:03:04,180 she's right behind me right now laughing, but she's laughing because she knows it's true. She 50 00:03:04,180 --> 00:03:09,880 drinks like seven a day. I drink a few a day, maybe seven a day too. Matt, I don't even want 51 00:03:09,880 --> 00:03:13,920 to tell you how much he's drinking. It's good. It keeps you hydrated. It keeps you alert, 52 00:03:14,440 --> 00:03:21,520 keeps you ready to go. drinkssote.com. That's D-R-I-N-K-S-O-T-E.com. Use the code RHR 53 00:03:21,520 --> 00:03:23,700 for 15% off any order. 54 00:03:30,440 --> 00:03:33,480 You've had a dynamic where money's become freer than free. 55 00:03:34,320 --> 00:03:36,580 When you talk about a Fed just gone nuts, 56 00:03:37,020 --> 00:03:39,240 all the central banks going nuts. 57 00:03:39,820 --> 00:03:41,440 So it's all acting like safe haven. 58 00:03:41,920 --> 00:03:45,040 I believe that in a world where central bankers 59 00:03:45,040 --> 00:03:47,480 are tripping over themselves to devalue their currency, 60 00:03:48,000 --> 00:03:48,820 Bitcoin wins. 61 00:03:48,900 --> 00:03:50,220 In the world of fiat currencies, 62 00:03:50,220 --> 00:03:52,060 Bitcoin is the victor. 63 00:03:52,800 --> 00:03:54,900 I mean, that's part of the bull case for Bitcoin. 64 00:03:55,440 --> 00:03:57,780 If you're not paying attention, you probably should be. 65 00:03:59,740 --> 00:04:01,620 We're going to win it all back in one trade. 66 00:04:02,020 --> 00:04:02,900 What's that trade going to be? 67 00:04:02,940 --> 00:04:03,740 What are we dumping into? 68 00:04:08,020 --> 00:04:09,000 How's it going, freaks? 69 00:04:13,840 --> 00:04:16,420 These are the days when men are made. 70 00:04:17,600 --> 00:04:18,020 You had? 71 00:04:18,220 --> 00:04:18,840 You had? 72 00:04:20,220 --> 00:04:22,900 to do the early, 73 00:04:24,420 --> 00:04:25,280 what do we call it? 74 00:04:25,800 --> 00:04:26,900 Shout out Luke Groman. 75 00:04:27,180 --> 00:04:27,840 Great call. 76 00:04:29,420 --> 00:04:31,000 You had to take victory laps. 77 00:04:31,740 --> 00:04:31,900 Well, 78 00:04:31,920 --> 00:04:32,040 look, 79 00:04:32,040 --> 00:04:32,960 it's not over yet. 80 00:04:33,080 --> 00:04:33,440 He's still, 81 00:04:33,620 --> 00:04:35,280 the hard part is rotating back in. 82 00:04:35,780 --> 00:04:35,900 Yeah. 83 00:04:37,560 --> 00:04:37,960 Yeah. 84 00:04:39,760 --> 00:04:40,380 But yeah, 85 00:04:40,500 --> 00:04:41,420 a hand up, 86 00:04:41,520 --> 00:04:41,840 you know, 87 00:04:42,000 --> 00:04:42,840 shout out Luke Groman. 88 00:04:43,000 --> 00:04:43,420 Good call. 89 00:04:44,220 --> 00:04:44,680 Good call. 90 00:04:45,240 --> 00:04:45,800 Shout out Luke. 91 00:04:46,240 --> 00:04:47,500 Shout out all you bears out there. 92 00:04:47,820 --> 00:04:48,900 Here's to the bears today. 93 00:04:49,020 --> 00:04:49,400 I know you're, 94 00:04:49,400 --> 00:04:50,460 You're having a good one. 95 00:04:51,100 --> 00:04:56,000 He rotated to gold at an opportune time, but we'll see how it plays out for him. 96 00:04:57,440 --> 00:05:03,380 And, I mean, out of anyone, I don't think you can give me – you can't give me shit. 97 00:05:04,360 --> 00:05:06,920 I'm not going to drag – I know you're in the dumpster. 98 00:05:06,920 --> 00:05:07,400 Super cycle? 99 00:05:07,600 --> 00:05:08,080 Super cycle? 100 00:05:08,180 --> 00:05:09,900 Hey, I held my hand up early. 101 00:05:10,400 --> 00:05:11,980 I'm not going to drag you on that. 102 00:05:12,960 --> 00:05:14,220 Admitted it was tongue-in-cheek. 103 00:05:14,960 --> 00:05:16,180 Okay, if you say so. 104 00:05:16,360 --> 00:05:18,960 I probably legitimately believed it for like – 105 00:05:19,400 --> 00:05:30,760 two days um it's fine you know none of us sold the top so um it happened again caught completely off 106 00:05:30,760 --> 00:05:35,720 guard happens every time we're ever gonna learn 107 00:05:39,080 --> 00:05:41,880 so if your freaks are unaware the price of bitcoin's been dumping all week 108 00:05:41,880 --> 00:05:46,220 imagine being the zen 109 00:05:46,220 --> 00:05:52,240 the zen freak out there who just found out he's just listening live he's like oh shit really 110 00:05:52,240 --> 00:05:57,340 yeah yeah we're in the 60s bro high 60s still we'll see how long we last year but 111 00:05:57,340 --> 00:06:06,060 almost 50 below the all-time high 47 no matter though look freaks bitcoin goes to zero they'll 112 00:06:06,060 --> 00:06:14,220 still be in rhr this week so um you're guaranteed you're guaranteed at least one more rhr yeah this 113 00:06:14,220 --> 00:06:19,040 could be the second to last episode ever the way things are going did you see i went on uh 114 00:06:19,040 --> 00:06:25,800 assessment show yesterday why we're bullish yeah you know i did see you wrong because i texted you 115 00:06:25,800 --> 00:06:33,780 last night because you were uh making fun of my peak world take uh no my wife texted you because 116 00:06:33,780 --> 00:06:39,020 it was super sweet and my toddler was watching and asked where marty was and that's why you got 117 00:06:39,020 --> 00:06:46,420 a text shout out to him um but yeah no the peak clown world take was 2021 what a bad god i wish 118 00:06:46,420 --> 00:06:51,960 i was peak that would have been ideal that was like the best time to buy a clown world if there 119 00:06:51,960 --> 00:06:59,020 was a clown world clown world ripped after that bro that was like a clown world bottom let alone 120 00:06:59,020 --> 00:07:06,940 a peak um but anyway that was his second to last episode but uh he's just changing formats i think 121 00:07:07,580 --> 00:07:11,500 yeah i saw that what's i mean he said to be determined we'll find out next week so 122 00:07:12,220 --> 00:07:16,060 but i mean the joke the jokes write themselves it's like why are you ending why we're bullish 123 00:07:16,060 --> 00:07:23,900 it's like well you know no longer bullish um yeah 124 00:07:23,900 --> 00:07:30,360 have you ever seen like a consistent just dump what's going on it's binance down 125 00:07:30,360 --> 00:07:35,100 is uh binance going down what are the rumors i know the rumors but what are the rumors do you 126 00:07:35,100 --> 00:07:39,660 think there's gotta be dead bodies out there that haven't floated to the surface yet ever since 127 00:07:39,660 --> 00:07:49,560 october ever since october 10th when we saw the crypto flash crash uh there's been at least 128 00:07:49,560 --> 00:07:52,440 there's probably at least one if not more 129 00:07:52,440 --> 00:07:53,900 um 130 00:07:53,900 --> 00:08:00,120 insolvent parties out there that just haven't floated to the surface yet 131 00:08:00,120 --> 00:08:02,740 but i mean we were talking about this before we went live i mean 132 00:08:02,740 --> 00:08:06,920 i don't know if i've ever seen sentiment this low 133 00:08:06,920 --> 00:08:15,460 um sentiment is people are freaking out um but we have seen the price move 134 00:08:15,460 --> 00:08:23,900 negative in a bad way quickly in the past i mean march 12 2020 is like a day i'll never forget 135 00:08:23,900 --> 00:08:28,180 um i think it was brad mills post on nostril he posted a screenshot 136 00:08:28,180 --> 00:08:34,980 of the market on march 12 2020 without the date on it like it was one of those uh you know with 137 00:08:34,980 --> 00:08:41,160 the blocks that show like how down every asset is and i knew right away i just looked at it was 138 00:08:41,160 --> 00:08:48,140 like oh march 12 2020 it's like 100 i'm never gonna forget that day uh we went from i don't 139 00:08:48,140 --> 00:08:57,200 know like 9k to three and a half k um so if you've been around for a while like you're used to this 140 00:08:57,200 --> 00:09:04,020 but i still have like even then like sentiment wasn't as bad as it is today sentiment during 141 00:09:04,020 --> 00:09:09,940 march 12 2020 was like oh shit the world is incredibly fucked up like we'll go down with 142 00:09:09,940 --> 00:09:16,120 the ship if we go down with the ship this is this feels different uh in a lot of ways on how people 143 00:09:16,120 --> 00:09:22,080 are feeling about it and you know i think i've been relatively consistent about it i like i think a 144 00:09:22,080 --> 00:09:29,380 large part of it is that this cycle is just dominated by the strategy micro strategy stuff 145 00:09:29,380 --> 00:09:37,220 and treasury companies and you know if you're holding meta planet right now or god forbid naka 146 00:09:37,220 --> 00:09:45,140 similar scientific you're down like 90 95 percent people levered up on levered bitcoin plays 147 00:09:45,140 --> 00:09:53,740 and that's how most new people got brought in this cycle do you think there's been manipulation in 148 00:09:53,740 --> 00:10:02,100 these markets actually look everyone claims manipulation down and just like normal market 149 00:10:02,100 --> 00:10:08,460 procedure up i think it's like a little bit of fucking cope like if you have 24 7 365 global free 150 00:10:08,460 --> 00:10:19,980 markets uh is it manipulation or is it just people trading i mean i think uh paper definitely 151 00:10:19,980 --> 00:10:28,900 suppressed us on the on the way up uh but was it intentionally suppressed like i like i think 152 00:10:28,900 --> 00:10:31,720 I think in a lot of ways towards the top, 153 00:10:32,480 --> 00:10:34,940 MSTR and the other treasury companies suppressed us. 154 00:10:35,040 --> 00:10:36,900 I don't think they intended to suppress us. 155 00:10:37,380 --> 00:10:39,740 I mean, it was a negative feedback loop that hurt themselves. 156 00:10:41,040 --> 00:10:44,260 But I think one of the big lies is that 157 00:10:44,260 --> 00:10:47,160 this was net new money buying these stocks 158 00:10:47,160 --> 00:10:50,740 that couldn't buy Bitcoin otherwise, 159 00:10:51,400 --> 00:10:54,260 while the reality was it was mostly retail driven. 160 00:10:54,540 --> 00:10:56,620 And those people probably would have just stacked sets 161 00:10:56,620 --> 00:11:00,080 themselves, which would have been strictly better 162 00:11:00,080 --> 00:11:04,480 in terms of market dynamics and market structure. 163 00:11:05,980 --> 00:11:08,900 I think that's a very good distillation. 164 00:11:09,160 --> 00:11:09,780 What's happening here? 165 00:11:09,940 --> 00:11:11,560 Our friend Michael Tanguma posted this. 166 00:11:13,020 --> 00:11:14,920 Just almost 45 minutes ago, 167 00:11:15,600 --> 00:11:19,460 DATS, digital asset treasuries, are down $25 billion 168 00:11:19,460 --> 00:11:22,360 cumulatively with zero above their cost basis. 169 00:11:22,360 --> 00:11:24,920 Bit mine being down the most, 170 00:11:24,920 --> 00:11:26,840 which is Tom Lee's 171 00:11:26,840 --> 00:11:27,760 Ethan 172 00:11:27,760 --> 00:11:30,560 invested in Mr. Beast Industries 173 00:11:30,560 --> 00:11:32,360 which is probably his best investment 174 00:11:32,360 --> 00:11:35,040 but 175 00:11:35,040 --> 00:11:37,180 no I mean 176 00:11:37,180 --> 00:11:38,540 also like 177 00:11:38,540 --> 00:11:42,080 look I know 178 00:11:42,080 --> 00:11:44,960 I'm not trying to kick people while they're down 179 00:11:44,960 --> 00:11:46,820 and I'm definitely going to be accused 180 00:11:46,820 --> 00:11:48,200 of it and whatever 181 00:11:48,200 --> 00:11:51,320 but 182 00:11:51,320 --> 00:11:56,320 why is Saylor having Tom Lee 183 00:11:56,320 --> 00:11:58,820 on his earnings goal today? 184 00:12:01,020 --> 00:12:02,280 Who made that decision? 185 00:12:02,600 --> 00:12:04,140 Who was the retard that was like, 186 00:12:04,220 --> 00:12:06,020 oh, yeah, the guy who has 187 00:12:06,020 --> 00:12:09,940 the Ethereum competitor to strategy 188 00:12:09,940 --> 00:12:11,900 that's down even worse than us 189 00:12:11,900 --> 00:12:12,960 while we're in the dumps. 190 00:12:12,960 --> 00:12:16,100 So we'll have him take Q&A on the earnings goal. 191 00:12:16,100 --> 00:12:17,000 Well, maybe that's why. 192 00:12:17,480 --> 00:12:18,540 Saylor wants to bring him on. 193 00:12:18,600 --> 00:12:19,680 He's like, yeah, Tom, come on. 194 00:12:19,740 --> 00:12:20,640 Give us your thesis. 195 00:12:20,640 --> 00:12:24,720 think it's bad here look at what tom's doing yeah middle of the call is gonna be like god 196 00:12:24,720 --> 00:12:32,320 you could be invested in this guy's company okay it could be worse see ya see you tom kick him out 197 00:12:32,320 --> 00:12:42,800 of the zoom um but yeah i think part of the reason for the sentiment is just like macro right now is 198 00:12:42,800 --> 00:12:48,880 uncertain as hell like it's chaotic people are scared people are poor people have lost hope 199 00:12:48,880 --> 00:12:54,780 the meme that keeps circulating all over the place, which, you know, I think any viral meme 200 00:12:54,780 --> 00:13:01,060 is based on at least some basis in reality is like the, you have six months not to get stuck 201 00:13:01,060 --> 00:13:07,320 in the permanent underclass. And I feel like that is permeating like the psychosis of a lot of people. 202 00:13:07,840 --> 00:13:15,540 And in that situation, you try and abandon risk assets and try and go and find safe havens. Right. 203 00:13:15,540 --> 00:13:18,640 And we see the metals surging. 204 00:13:18,800 --> 00:13:20,220 We see commodities surging. 205 00:13:20,640 --> 00:13:25,660 We see people escaping to dollars, even though we're in an inflationary environment. 206 00:13:26,900 --> 00:13:31,380 And Bitcoin, to me, has always been the ultimate safe haven. 207 00:13:31,500 --> 00:13:33,060 Like, where else would I keep my wealth? 208 00:13:35,420 --> 00:13:43,180 It's so uniquely risk-reduced because you're not trusting third parties. 209 00:13:43,180 --> 00:13:52,660 But if you got onboarded through your Schwab account into buying a Japanese hotel company that is stacking Bitcoin, then of course you're going to think of it as a risk asset. 210 00:13:52,840 --> 00:13:56,580 You're never going to think of it as a safe haven because it's not a safe haven in that situation. 211 00:13:58,000 --> 00:13:59,860 So here we are. 212 00:14:00,440 --> 00:14:07,340 It's not fun to watch the price drop like this. 213 00:14:07,380 --> 00:14:08,920 I'm looking at the daily chart on TradingView. 214 00:14:09,720 --> 00:14:12,520 But even silver, gold, they're down bad today. 215 00:14:12,520 --> 00:14:23,200 And to your point, I think the frothiness in the markets, the lack of money out there, it's – I don't know. 216 00:14:23,220 --> 00:14:26,680 If you just look at the Case-Shiller PE ratio, it's at dot-com levels. 217 00:14:26,860 --> 00:14:29,320 So I think people are looking out there like – 218 00:14:29,320 --> 00:14:30,040 That's what I'm saying. 219 00:14:30,100 --> 00:14:34,240 It's macro, and we're being treated as a risk asset. 220 00:14:34,900 --> 00:14:38,880 By the way, don't give me the cope of gold doubt. 221 00:14:38,880 --> 00:14:41,580 Gold is still over $4,800 an ounce. 222 00:14:41,580 --> 00:14:44,620 I was just looking at trading view 223 00:14:44,620 --> 00:14:46,100 1.3% 224 00:14:46,100 --> 00:14:48,240 Silver got hit 225 00:14:48,240 --> 00:14:49,540 Silver got hit today 226 00:14:49,540 --> 00:14:51,580 Silver's down 10.5% 227 00:14:51,580 --> 00:14:53,700 But silver's still trading over $75 228 00:14:53,700 --> 00:14:57,840 I don't think there's any silver holders out there 229 00:14:57,840 --> 00:14:58,320 That are 230 00:14:58,320 --> 00:15:01,140 Upset 231 00:15:01,140 --> 00:15:03,220 Yeah 232 00:15:03,220 --> 00:15:05,720 And 233 00:15:05,720 --> 00:15:07,840 Point chart is ugly man 234 00:15:07,840 --> 00:15:08,920 It's ugly 235 00:15:08,920 --> 00:15:19,080 it's like just like a bunch of times it is wild times um but this is why we come here 236 00:15:20,200 --> 00:15:26,660 lift everybody's spirits okay and we'll start this show we'll stay on topic here let's go to 237 00:15:26,660 --> 00:15:31,720 clark's dashboard the current price of bitcoin is 65 630 cuck bucks one cuck bucks and get you 238 00:15:31,720 --> 00:15:40,860 1,524 sats we are at a 1.31 trillion dollar market cap 700 billion dollars more than that has left 239 00:15:40,860 --> 00:15:48,900 the bitcoin market since last october uh which is when we reached our all-time high of 126,160 240 00:15:48,900 --> 00:15:56,200 cuck bucks we are currently 48 below that 48 full market correction we're in the middle of right now 241 00:15:56,200 --> 00:16:01,160 we are at block height 935,157 242 00:16:01,160 --> 00:16:04,080 which means we are 267 blocks 243 00:16:04,080 --> 00:16:08,680 just under two days away from the next difficulty retarget 244 00:16:08,680 --> 00:16:11,680 which is estimated to be on February 7th 245 00:16:11,680 --> 00:16:15,200 it's looking like a negative 13.2% adjustment 246 00:16:15,200 --> 00:16:19,180 so blocks have been coming in 11 minutes and 31 seconds on average 247 00:16:19,180 --> 00:16:23,220 miners got the double whammy of having to do demand response and then the price fell 248 00:16:23,220 --> 00:16:28,260 and then things warmed up in the southwest Tennessee Valley. 249 00:16:28,400 --> 00:16:29,880 And they're like, should we turn these things back on? 250 00:16:29,960 --> 00:16:30,540 Is it worth it? 251 00:16:30,860 --> 00:16:31,340 I don't know. 252 00:16:32,160 --> 00:16:35,220 I've been waiting for the fee market to develop, 253 00:16:35,300 --> 00:16:37,120 but not like this, man, not like this. 254 00:16:37,260 --> 00:16:38,380 That's what I was just going to say. 255 00:16:38,460 --> 00:16:40,860 There is one thing pumping out there, and it is Mempools. 256 00:16:41,040 --> 00:16:44,560 Clark's Mempool has 12,900 transactions in it. 257 00:16:45,180 --> 00:16:46,920 If we go over to Mempools, Mempool, 258 00:16:47,560 --> 00:16:50,740 we'll see they have 31,332 transactions. 259 00:16:51,500 --> 00:16:52,540 Cooled off a little bit. 260 00:16:52,540 --> 00:16:59,540 I sent a tweet out earlier, high priority transactions where we're calling for an 11 sat per V-byte fee. 261 00:17:00,280 --> 00:17:07,040 But right now it's sitting at 5 sat per V-byte, medium priority 4, low priority 3 sat per V-byte. 262 00:17:07,340 --> 00:17:08,740 That is the state of the network. 263 00:17:08,980 --> 00:17:12,220 Everyone's scrambling to get to fucking exchanges. 264 00:17:16,620 --> 00:17:17,600 To buy, right? 265 00:17:17,700 --> 00:17:19,140 Everybody smash, everybody go out there. 266 00:17:19,140 --> 00:17:20,940 We're going to stop it right now. 267 00:17:20,940 --> 00:17:22,140 Everybody go out and smash buy. 268 00:17:22,540 --> 00:17:30,060 kidding uh i smash bought a little bit today if i'm being honest uh we did do have a bunch of zaps 269 00:17:31,020 --> 00:17:37,180 in in the nostor live stream so at minor 21 212 sats pounder that don't worry freaks this is 270 00:17:37,180 --> 00:17:45,020 technically called the soap cycle wash rinse repeat tray 21 012 sats another pound drum zap 271 00:17:45,020 --> 00:17:50,220 join us for the great mid-atlantic bitcoin meetup at pubkey dc february 18th we're gathering 272 00:17:50,220 --> 00:17:55,340 community builders from region uh from the region to talk real world bitcoin events and freedom tech 273 00:17:55,340 --> 00:18:00,780 adoption event runs from 6 to 10 p.m with live streaming starting at 7 p.m use code rhr at the 274 00:18:00,780 --> 00:18:08,860 bar for 21 off if you pay with sats let's build um then there's a luma link there https 275 00:18:10,140 --> 00:18:17,900 semicolon backslash backslash or excuse me colon no semicolon backslash backslash luma.com 276 00:18:17,900 --> 00:18:22,360 slash TQL6D40B. 277 00:18:23,180 --> 00:18:27,780 Phil Mustang, 21,212 zap, three palindrome zaps in a row. 278 00:18:28,520 --> 00:18:29,660 Hat tip, checkmate. 279 00:18:29,920 --> 00:18:34,080 Bison are some of the only animals that see a storm and run through it instead of away. 280 00:18:34,260 --> 00:18:35,560 Quickest way out is through. 281 00:18:35,700 --> 00:18:36,300 Thanks, fellas. 282 00:18:37,060 --> 00:18:37,820 Shout out, bison. 283 00:18:38,600 --> 00:18:39,500 Shout out, bison. 284 00:18:39,640 --> 00:18:40,220 Shout out, checkmate. 285 00:18:40,220 --> 00:18:47,180 I'm actually recording with him 5 p.m. Eastern tonight, 7 a.m. local his time, down under. 286 00:18:47,900 --> 00:18:50,420 Mav 21, 21,000 sats. 287 00:18:51,240 --> 00:18:52,580 No comment with it. 288 00:18:52,620 --> 00:18:53,940 You guys are being very generous today. 289 00:18:54,080 --> 00:18:55,380 I really appreciate this. 290 00:18:55,660 --> 00:18:58,180 Hawaii Satoshi, 21,212. 291 00:18:58,700 --> 00:18:59,560 Another palindrome. 292 00:18:59,800 --> 00:19:02,100 Zap, strong timber grows from tough winds. 293 00:19:03,220 --> 00:19:03,980 Statue of Liberty. 294 00:19:04,600 --> 00:19:05,020 Stars. 295 00:19:05,220 --> 00:19:05,460 Heart. 296 00:19:06,500 --> 00:19:07,120 Very inspiring. 297 00:19:08,040 --> 00:19:09,520 Thank you, Freaks, for supporting the show. 298 00:19:09,620 --> 00:19:10,900 By the way, we... 299 00:19:10,900 --> 00:19:12,580 We got one more. 300 00:19:13,160 --> 00:19:13,840 We got one more. 301 00:19:14,660 --> 00:19:15,000 Okay. 302 00:19:15,000 --> 00:19:26,680 sawzall 21 000 sats bear markets for building seed signers love it um we forgot uh what is this 395 303 00:19:26,680 --> 00:19:33,900 we forgot two episodes ago to read the zaps that came in on the nostor video right so after we 304 00:19:33,900 --> 00:19:41,360 stream we post to podcast feeds and we post to nostor natively and people are able to comment 305 00:19:41,360 --> 00:19:42,900 and support the show that way. 306 00:19:43,380 --> 00:19:44,620 And I forgot to read those. 307 00:19:44,740 --> 00:19:46,780 We have roaming with 21,000 sets. 308 00:19:49,480 --> 00:19:52,780 Those are either three asteroids or three basketballs. 309 00:19:53,920 --> 00:19:55,260 Let's go with asteroids. 310 00:19:55,460 --> 00:19:56,020 It fits better. 311 00:19:56,440 --> 00:20:00,440 Florida Justin, backup power maxi, 21,112 sets. 312 00:20:01,020 --> 00:20:06,200 And Plebianon, 50,000 sets, 50,005 sets. 313 00:20:06,640 --> 00:20:07,580 So palindrome boost. 314 00:20:07,900 --> 00:20:09,680 The bright orange light hurts my eyes. 315 00:20:09,680 --> 00:20:10,860 Going to be a great year. 316 00:20:11,360 --> 00:20:13,440 Thank you, Freaks, for supporting the show. 317 00:20:14,500 --> 00:20:15,580 It is going to be great. 318 00:20:16,840 --> 00:20:18,060 I tweeted out the supporting. 319 00:20:18,060 --> 00:20:18,280 It is a great year. 320 00:20:19,240 --> 00:20:20,580 Thumbs like this, they remind you. 321 00:20:21,720 --> 00:20:22,760 Stay humble, Stack Sats. 322 00:20:22,820 --> 00:20:23,380 What's that mean? 323 00:20:24,700 --> 00:20:27,280 Make sure you have cash flow. 324 00:20:27,540 --> 00:20:28,260 They have a job. 325 00:20:29,960 --> 00:20:33,280 I know the permanent underclass meme is very prominent right now. 326 00:20:33,680 --> 00:20:34,780 You're listening to the show. 327 00:20:34,860 --> 00:20:36,460 You're not going to be in the permanent underclass, okay? 328 00:20:36,920 --> 00:20:38,140 No, we won't let it happen. 329 00:20:39,220 --> 00:20:39,700 Cash flow. 330 00:20:40,040 --> 00:20:41,220 Keep your fiat mining job. 331 00:20:41,360 --> 00:20:42,840 Bitcoin in cold storage. 332 00:20:43,540 --> 00:20:54,998 I mean the permanent underclass meme the problem with that is even if there some level of truth to it is that it pushes you into like super short term thinking where like you just gambling 333 00:20:54,998 --> 00:20:59,318 You're like trying to play the lottery on everything and you're just going to lose all your money. 334 00:21:01,138 --> 00:21:05,438 If you want your family to be in a secure place, it's going to come with a grind. 335 00:21:05,558 --> 00:21:06,478 You have to grind it out. 336 00:21:08,198 --> 00:21:11,538 Maybe there's a few people that get lucky, hit a lottery, whatever. 337 00:21:12,378 --> 00:21:14,978 Maybe there's a few people that successfully scam people. 338 00:21:17,098 --> 00:21:26,398 But the real path is a grind, and it's being steady and perseverant and pushing through it. 339 00:21:27,818 --> 00:21:30,378 On that note, Logan, will you pull up this tweet, please? 340 00:21:30,378 --> 00:21:36,898 I think we usually don't talk about it, but I think this one warrants a little discussion. 341 00:21:36,898 --> 00:21:45,218 before we get to that just real quick last episode 394 zaps on nostor was roaming sent 342 00:21:45,218 --> 00:21:52,458 another asteroid dude just asteroiding us left and right 21 000 sats and bitcoinpricereport.com 343 00:21:52,458 --> 00:22:00,318 uh sent 21 000 sats thank you sir um kyle samani all done on crypto 344 00:22:00,318 --> 00:22:02,998 Forbes 30 under 30 345 00:22:02,998 --> 00:22:03,918 multi-coin 346 00:22:03,918 --> 00:22:05,378 wild 347 00:22:05,378 --> 00:22:06,758 good to see 348 00:22:06,758 --> 00:22:07,258 crypto is just 349 00:22:07,258 --> 00:22:08,878 fundamentally not as interesting 350 00:22:08,878 --> 00:22:10,058 as many crypto enthusiasts 351 00:22:10,058 --> 00:22:10,758 wanted 352 00:22:10,758 --> 00:22:11,758 myself included 353 00:22:11,758 --> 00:22:12,578 I once believed 354 00:22:12,578 --> 00:22:14,078 in the web 3 vision 355 00:22:14,078 --> 00:22:14,658 apps 356 00:22:14,658 --> 00:22:15,638 I don't anymore 357 00:22:15,638 --> 00:22:17,578 blockchains are asset ledgers 358 00:22:17,578 --> 00:22:19,318 we'll reshape finance 359 00:22:19,318 --> 00:22:20,758 but not much more than that 360 00:22:20,758 --> 00:22:22,918 deep in is the other notable area 361 00:22:22,918 --> 00:22:24,398 crypto is going higher 362 00:22:24,398 --> 00:22:26,538 I keep it's like a big meme 363 00:22:26,538 --> 00:22:27,278 I have no idea 364 00:22:27,278 --> 00:22:29,198 I think it's like identity 365 00:22:29,198 --> 00:22:30,138 something to do with identity 366 00:22:30,138 --> 00:22:30,738 I think I could be wrong. 367 00:22:31,398 --> 00:22:34,198 What he means is he already scammed a bunch of people on shit coins, 368 00:22:34,358 --> 00:22:37,038 and now there's no room to scam people anymore, so he's pivoting. 369 00:22:37,738 --> 00:22:40,578 Crypto is going higher, but all the interesting questions have been answered. 370 00:22:41,038 --> 00:22:44,078 Other than on-chain confidentiality, I remain convicted. 371 00:22:44,378 --> 00:22:45,678 Zama will win that. 372 00:22:46,538 --> 00:22:48,938 He couldn't help himself but shill a shit coin at the end. 373 00:22:49,658 --> 00:22:50,018 Right. 374 00:22:51,078 --> 00:22:52,738 Solana dumped hard on this news. 375 00:22:53,278 --> 00:22:55,118 There's a shit coin shill on the way out. 376 00:22:55,118 --> 00:22:57,558 this guy was 377 00:22:57,558 --> 00:23:00,538 I wonder if he's still intellectually short Bitcoin 378 00:23:00,538 --> 00:23:02,158 and 379 00:23:02,158 --> 00:23:03,618 yes 380 00:23:03,618 --> 00:23:06,418 I mean clearly 381 00:23:06,418 --> 00:23:07,778 did you not just read that tweet 382 00:23:07,778 --> 00:23:10,838 yeah I mean he was bullish on Google Glass 383 00:23:10,838 --> 00:23:12,758 like 12 years ago 384 00:23:12,758 --> 00:23:16,538 bearish on Bitcoin 385 00:23:16,538 --> 00:23:20,438 I wanted to highlight that because I think 386 00:23:20,438 --> 00:23:22,818 there are a bunch of fair weather fans 387 00:23:22,818 --> 00:23:23,758 in this industry 388 00:23:23,758 --> 00:23:25,618 mostly 389 00:23:25,618 --> 00:23:27,618 a bunch of opportunistic 390 00:23:27,618 --> 00:23:28,198 drifters 391 00:23:28,198 --> 00:23:30,498 is how I would describe them 392 00:23:30,498 --> 00:23:32,458 we have the best people 393 00:23:32,458 --> 00:23:33,118 and the worst people 394 00:23:33,118 --> 00:23:33,838 in this industry 395 00:23:33,838 --> 00:23:36,358 yeah 396 00:23:36,358 --> 00:23:38,778 we're not going anywhere 397 00:23:38,778 --> 00:23:40,358 unless Bitcoin goes to zero 398 00:23:40,358 --> 00:23:41,198 we'll do one more show 399 00:23:41,198 --> 00:23:41,698 and then we're gone 400 00:23:41,698 --> 00:23:42,158 but 401 00:23:42,158 --> 00:23:44,378 a little 402 00:23:44,378 --> 00:23:45,438 and he's another one 403 00:23:45,438 --> 00:23:46,378 who had a digital asset 404 00:23:46,378 --> 00:23:47,378 treasury company 405 00:23:47,378 --> 00:23:47,818 a Solana 406 00:23:47,818 --> 00:23:48,558 treasury company 407 00:23:48,558 --> 00:23:49,318 I think he's still sitting 408 00:23:49,318 --> 00:23:49,878 on the board there 409 00:23:49,878 --> 00:23:50,338 as chairman 410 00:23:50,338 --> 00:23:52,338 or whatever 411 00:23:52,338 --> 00:23:56,138 vitalix selling as ethereum that's what people are saying 412 00:23:56,138 --> 00:24:01,818 finance is uh selling down their food fund 413 00:24:01,818 --> 00:24:08,638 they would i mean that's got to be bullshit right they are we meant to buy a billion dollars but we 414 00:24:08,638 --> 00:24:13,578 accidentally sold a billion dollars that's a troll account right at zoomer like it's like a it's like 415 00:24:13,578 --> 00:24:19,438 i'm pretty sure it's like a walter bloomberg troll account like a fake breaking news account 416 00:24:19,438 --> 00:24:27,238 yeah yeah we have silent.link zapped us 42 000 sats the discounted bitcoin price is the index 417 00:24:27,238 --> 00:24:34,558 of how much the population is dumbed down with epstein and other nonsense anyway silent.link 418 00:24:34,558 --> 00:24:41,178 bitcoin price is crashing but my e-sim still works shout out you sir getting a little more expensive 419 00:24:41,178 --> 00:24:47,778 it still works it still works if you want the best sell service available go to silent.link 420 00:24:47,778 --> 00:24:53,778 can pay with bitcoin it's wonderful really is really is what else do we have to uh start off 421 00:24:53,778 --> 00:25:06,638 this show with 20 minutes in i um one of my buddies one of the only high school friend i had 422 00:25:06,638 --> 00:25:16,378 that listened to me about bitcoin um held through everything it's like uh it worked out obviously 423 00:25:16,378 --> 00:25:22,958 quite well for him um best trade of his life texted me on signal right before we went live 424 00:25:22,958 --> 00:25:30,138 and said are we going back down to 5k which is like just a perfect sign of the times um and i 425 00:25:30,138 --> 00:25:36,238 responded back to him about to go live at rhr if you want to watch and then he just responded back 426 00:25:36,238 --> 00:25:43,138 to me i'm not watching your show if it goes to zero lol you have to watch at least one more 427 00:25:43,138 --> 00:25:48,498 we're coming after it goes to zero you freaks better show up to including your your high school 428 00:25:48,498 --> 00:25:57,518 buddy i'm not watching you show up it goes to zero fair enough fair play it'll be a good rip 429 00:25:57,518 --> 00:26:05,738 uh we'll be we'll be cork popping on that rep we'll bring back the cork pop if uh if it goes 430 00:26:05,738 --> 00:26:12,938 might as well i might be doing it from uh from an alley behind a dumpster after getting kicked 431 00:26:12,938 --> 00:26:14,738 out of my house, but I'll be there. 432 00:26:16,178 --> 00:26:16,598 A kid. 433 00:26:19,778 --> 00:26:19,978 The 434 00:26:19,978 --> 00:26:24,958 list. Let's get to it. OpenSats. 435 00:26:26,698 --> 00:26:28,718 Has a technical writer slash editor 436 00:26:28,718 --> 00:26:29,998 position open. 437 00:26:32,158 --> 00:26:32,638 You 438 00:26:32,638 --> 00:26:34,498 are hiring. Wait. 439 00:26:34,698 --> 00:26:36,738 Yeah, we're hiring. If you need money, which 440 00:26:36,738 --> 00:26:38,638 I assume a lot of the freaks do right now, 441 00:26:39,378 --> 00:26:40,758 we're hiring 442 00:26:40,758 --> 00:26:43,438 and put the job posting in the show notes. 443 00:26:44,218 --> 00:26:44,338 Yeah. 444 00:26:44,958 --> 00:26:47,438 Best part is you get to work closely with Gigi, 445 00:26:48,058 --> 00:26:49,398 which is worth it alone. 446 00:26:49,678 --> 00:26:52,658 I think any compensation you get in addition to that 447 00:26:52,658 --> 00:26:53,818 is just gravy on top. 448 00:26:54,518 --> 00:26:56,798 It's also daunting because you have to work with Gigi 449 00:26:56,798 --> 00:26:59,538 as one of my favorite writers in the space 450 00:26:59,538 --> 00:27:00,638 and your job is to write. 451 00:27:01,038 --> 00:27:03,238 So better be able to step. 452 00:27:04,098 --> 00:27:05,298 With the AI boom, 453 00:27:05,378 --> 00:27:07,958 there's not many people hiring technical writers or editors, 454 00:27:07,958 --> 00:27:11,638 but we appreciate that human artisanal touch 455 00:27:11,638 --> 00:27:13,698 when we're talking about such important topics. 456 00:27:14,138 --> 00:27:15,958 We would like you to turn our team. 457 00:27:17,398 --> 00:27:20,498 Yeah, I need the human to edit the output. 458 00:27:20,838 --> 00:27:23,238 So Opus 4.6 now. 459 00:27:25,298 --> 00:27:28,458 But not only is our job open at OpenSats, 460 00:27:28,558 --> 00:27:31,858 the 16th wave of grants have been given out. 461 00:27:34,218 --> 00:27:36,718 We're going to keep shipping. 462 00:27:36,718 --> 00:27:44,918 We're going to keep shipping until the treasury runs dry because the whole treasury is being held in Bitcoin right now. 463 00:27:45,018 --> 00:27:47,098 So that's our treasury strategy. 464 00:27:48,718 --> 00:27:56,978 Also, if you want to lock in some capital losses, you can wash trade your Bitcoin or you can donate it. 465 00:27:57,298 --> 00:27:58,638 That was bad tax advice. 466 00:27:58,858 --> 00:27:59,458 Take it from me. 467 00:27:59,858 --> 00:28:00,718 But point B. 468 00:28:01,138 --> 00:28:02,718 No tax advice from us. 469 00:28:02,718 --> 00:28:05,978 But we're 501c3, so you get a tax deduction if you donate. 470 00:28:05,978 --> 00:28:12,218 opensats.org consider it consider it we've got a lot of a lot of things to build out here 471 00:28:12,938 --> 00:28:17,578 the back half of the episode we're talking about very bullish things happening on the fundamental 472 00:28:17,578 --> 00:28:25,178 side that pertain to uh open source technologies what do you think here i i mean i think this is a 473 00:28:25,178 --> 00:28:31,498 fantastic wave i think there's a lot of strong projects pretty proud the bitcoin cash uts and 474 00:28:31,498 --> 00:28:40,698 coco cashew dev kit btc aaron and mastering taproot yeah yeah this is a good list stable channels 475 00:28:40,698 --> 00:28:45,978 gets renewal i like stable channels the concept rust bitcoin very important mini bits wallet 476 00:28:46,778 --> 00:28:53,818 prolific summer of bitcoin doing good job macadamia and cove good ios wallets yeah i like this 477 00:28:54,458 --> 00:28:55,818 i like this wave it's a good wave 478 00:28:55,818 --> 00:29:08,918 thank you sir yeah oh sure we got another super chat we got super chats oh i don't even know it's 479 00:29:08,918 --> 00:29:16,798 the same dude it's our dude highbox05 it's uh the guy who's playing video games but his wife is 480 00:29:16,798 --> 00:29:24,358 retired and he has a child uh 20 super chat for marty's wife g-wagon fun don't share with matt 481 00:29:24,358 --> 00:29:26,678 PS bought stretch 95 calls 482 00:29:26,678 --> 00:29:28,518 today because that cycle will do anything to 483 00:29:28,518 --> 00:29:29,778 peg stretch to 100. 484 00:29:32,158 --> 00:29:34,378 What the hell? You're not going to split it with me? 485 00:29:36,018 --> 00:29:36,598 What is 486 00:29:36,598 --> 00:29:38,458 this earnings call going to be like? 487 00:29:38,498 --> 00:29:40,578 That's what I want to know. I think Tom 488 00:29:40,578 --> 00:29:42,378 Lee is really going to make it. I think he was a great 489 00:29:42,378 --> 00:29:42,818 addition. 490 00:29:45,358 --> 00:29:48,038 Was it like a year ago 491 00:29:48,038 --> 00:29:49,598 there was like 492 00:29:49,598 --> 00:29:51,478 maybe it was like 493 00:29:51,478 --> 00:29:58,438 uh i guess it was three quarters ago right where the earnings call was like oh we're 494 00:29:58,438 --> 00:30:06,258 gonna get out into the s&p 500 it's just crazy how quick things turn yeah like that you think 495 00:30:06,258 --> 00:30:11,038 that the s&p 500 guys that like choose the index like they're doing like the laughing old white man 496 00:30:11,038 --> 00:30:16,878 meme right now right like we fucking nailed that call shout out us in the george bush one white 497 00:30:16,878 --> 00:30:21,998 house like haha you know it was never gonna be easy freaks it was never gonna be easy 498 00:30:23,038 --> 00:30:28,798 bitcoin is a peer-to-peer distributed cash system that uh is a complete affront to the incumbent 499 00:30:29,678 --> 00:30:36,158 elite power structure financial political geopolitical economic however you want to describe it 500 00:30:38,478 --> 00:30:43,598 it wasn't going to be an easy road if you're if you're down in your dumps right now because 501 00:30:43,598 --> 00:30:46,438 because Bitcoin's trading below $66,000. 502 00:30:47,678 --> 00:30:48,238 Sack up. 503 00:30:48,918 --> 00:30:49,438 Sack up. 504 00:30:50,578 --> 00:30:51,938 Put your big boy pants on. 505 00:30:53,278 --> 00:30:54,398 Go for a walk. 506 00:30:54,638 --> 00:30:55,378 Get a lift in. 507 00:30:56,838 --> 00:30:58,118 Buckle in for the long haul. 508 00:30:59,058 --> 00:31:00,878 I will say, dude, it's crazy. 509 00:31:01,138 --> 00:31:01,658 I agree. 510 00:31:02,998 --> 00:31:04,598 And this is why I'd like... 511 00:31:06,118 --> 00:31:09,078 This is why the stay humble part's also important 512 00:31:09,078 --> 00:31:11,118 when we're crashing, right? 513 00:31:11,118 --> 00:31:12,738 Because then you convince yourself 514 00:31:12,738 --> 00:31:14,298 that we're going to dump further. 515 00:31:14,578 --> 00:31:15,858 And then that's how you get shaken out. 516 00:31:16,098 --> 00:31:17,638 And the key is to not get shaken out. 517 00:31:17,738 --> 00:31:18,498 You need to survive. 518 00:31:20,758 --> 00:31:24,358 But in a lot of ways, as we go through these cycles, 519 00:31:24,758 --> 00:31:26,758 which we've gone through way too many together, 520 00:31:28,758 --> 00:31:30,318 it's like it gets easier, right? 521 00:31:30,318 --> 00:31:31,478 Because you're just used to it. 522 00:31:31,698 --> 00:31:34,198 We already experienced March 12, 2020. 523 00:31:34,398 --> 00:31:35,878 How much worse could it be? 524 00:31:36,038 --> 00:31:37,678 They locked us in our homes. 525 00:31:37,798 --> 00:31:39,518 They forced injections on us 526 00:31:39,518 --> 00:31:41,238 if we wanted to participate in society. 527 00:31:41,238 --> 00:31:43,458 They had the crazy mask stuff. 528 00:31:43,578 --> 00:31:49,238 And then all at the same time, they knocked our net worths down 70%, 80%. 529 00:31:49,858 --> 00:31:52,598 So in a lot of ways, it gets easier. 530 00:31:52,718 --> 00:31:55,718 But also, we have kids now. 531 00:31:55,878 --> 00:31:56,898 We have businesses. 532 00:31:57,438 --> 00:32:00,098 The numbers are all so much fucking bigger. 533 00:32:02,018 --> 00:32:06,318 The amount my net worth in dollars has gone down over the last year, 534 00:32:06,318 --> 00:32:08,458 most people will never 535 00:32:08,458 --> 00:32:09,038 have 536 00:32:09,038 --> 00:32:12,398 the opportunity to 537 00:32:12,398 --> 00:32:13,578 stay humble 538 00:32:13,578 --> 00:32:14,698 over there 539 00:32:14,698 --> 00:32:17,378 it's only been four months 540 00:32:17,378 --> 00:32:20,598 it's been fucking brutal bro 541 00:32:20,598 --> 00:32:22,378 it has been fucking brutal 542 00:32:22,378 --> 00:32:24,438 and so in some ways it gets easier 543 00:32:24,438 --> 00:32:25,878 in some ways it doesn't but 544 00:32:25,878 --> 00:32:28,538 we're just going to have to keep trucking through 545 00:32:28,538 --> 00:32:30,178 the only way out is through 546 00:32:30,178 --> 00:32:32,338 it is what it is 547 00:32:32,338 --> 00:32:36,218 this is God saying hey you got a test 548 00:32:36,218 --> 00:32:38,578 he's got another test for us 549 00:32:38,578 --> 00:32:38,958 it's like 550 00:32:38,958 --> 00:32:40,938 do you really want this? 551 00:32:41,938 --> 00:32:43,878 do you really want freedom money to be a thing in the world? 552 00:32:45,338 --> 00:32:45,658 a little 553 00:32:45,658 --> 00:32:47,398 45% 554 00:32:47,398 --> 00:32:49,058 priced up 555 00:32:49,058 --> 00:32:50,518 gonna shake you out 556 00:32:50,518 --> 00:32:53,118 gonna stop you from pushing for freedom in the digital age 557 00:32:53,118 --> 00:32:55,658 that's a test 558 00:32:55,658 --> 00:32:57,198 embrace it 559 00:32:57,198 --> 00:32:58,778 are we only down 45%? 560 00:33:00,518 --> 00:33:01,918 going to Clark's dashboard 561 00:33:01,918 --> 00:33:03,978 oh excuse me 562 00:33:03,978 --> 00:33:04,918 48% 563 00:33:04,918 --> 00:33:06,198 almost 50% 564 00:33:06,198 --> 00:33:07,498 That's what's crazy, dude. 565 00:33:07,578 --> 00:33:09,258 It's crazy that the sentiment's that low. 566 00:33:10,518 --> 00:33:11,958 It's because of the treasury companies. 567 00:33:12,438 --> 00:33:14,098 They're down way higher than that. 568 00:33:14,278 --> 00:33:15,938 They don't scapegoat the treasury companies. 569 00:33:16,078 --> 00:33:16,218 I know. 570 00:33:16,398 --> 00:33:16,898 We know. 571 00:33:17,358 --> 00:33:18,318 We've known they've existed. 572 00:33:18,578 --> 00:33:19,478 And I will say we did call them that. 573 00:33:19,478 --> 00:33:19,918 No, no, no. 574 00:33:20,278 --> 00:33:21,738 That's not me scapegoating them. 575 00:33:21,858 --> 00:33:23,118 Earlier, I was scapegoating them. 576 00:33:23,338 --> 00:33:27,978 That's me saying sentiment's low because people are down 90% on their treasury positions. 577 00:33:28,238 --> 00:33:29,878 Yeah, 98%. 578 00:33:29,878 --> 00:33:34,218 This is the first cycle where Bitcoiners have different backs. 579 00:33:34,218 --> 00:33:38,798 like it used to be we were all poor together we were all rich together 580 00:33:38,798 --> 00:33:46,818 but this cycle like we're very poor and some of us are half as poor yeah not as poor and then on 581 00:33:46,818 --> 00:33:51,278 the if like on the flip side right it's like some things will go up some things won't it's like 582 00:33:51,278 --> 00:33:56,558 everyone has different bags um which i think is part of the reason for like 583 00:33:56,558 --> 00:34:02,078 the the intense division among the bitcoin community right now 584 00:34:02,078 --> 00:34:05,338 yeah we'll get to that 585 00:34:05,338 --> 00:34:06,498 we'll get to that 586 00:34:06,498 --> 00:34:07,618 it's been a week 587 00:34:07,618 --> 00:34:08,818 a lot of narratives 588 00:34:08,818 --> 00:34:10,178 a lot of headlines 589 00:34:10,178 --> 00:34:10,878 so much 590 00:34:10,878 --> 00:34:12,438 dude at least a lot of the FUD is new 591 00:34:12,438 --> 00:34:13,978 it's like new FUD 592 00:34:13,978 --> 00:34:14,798 it's not 593 00:34:14,798 --> 00:34:16,558 except for that one mining 594 00:34:16,558 --> 00:34:17,418 death spiral guy 595 00:34:17,418 --> 00:34:19,438 like mostly new FUD 596 00:34:19,438 --> 00:34:21,978 he was a 597 00:34:21,978 --> 00:34:24,198 he's a big quantum FUD guy too 598 00:34:24,198 --> 00:34:25,218 that's not new either 599 00:34:25,218 --> 00:34:27,858 new FUD though 600 00:34:27,858 --> 00:34:29,118 new FUD this week 601 00:34:29,118 --> 00:34:30,838 not really FUD 602 00:34:30,838 --> 00:34:31,238 yeah 603 00:34:32,078 --> 00:34:33,398 It could be. 604 00:34:33,738 --> 00:34:41,878 Before we get to the new FUDs, I mean, they're related, but the Fed held rates steady this week after the FOMC meeting. 605 00:34:42,538 --> 00:34:47,298 So the Fed funds rate is at between 3.5 and 3.75. 606 00:34:47,458 --> 00:34:48,638 That's where they're trying to hold it. 607 00:34:48,638 --> 00:35:01,498 And then obviously, President Trump, Don, the Don was out there waiting for RHR to end so he could officially announce. 608 00:35:01,498 --> 00:35:01,738 He waited. 609 00:35:02,078 --> 00:35:07,638 who he's going to nominate for chairman of the Federal Reserve to replace Jerome Powell. 610 00:35:07,758 --> 00:35:12,218 And it turned out to be Kevin Warsh, who has been very positive about Bitcoin. 611 00:35:12,638 --> 00:35:16,098 I believe he was on the board of advisors at Anchorage as well. 612 00:35:16,098 --> 00:35:24,078 He was on an interview with that great guy who always interviews, what's his name? 613 00:35:26,158 --> 00:35:31,338 Why don't you give us more to go on than the great guy who interviews? 614 00:35:32,078 --> 00:35:36,298 Thomas Sowell. He's got the great interview series with Thomas Sowell throughout the years. 615 00:35:36,518 --> 00:35:37,438 Fair enough. 616 00:35:38,018 --> 00:35:41,438 He interviewed Kevin Warsh, and Kevin Warsh was like, yeah, Bitcoin's a real thing. 617 00:35:41,798 --> 00:35:45,438 But historically, he has been rather hawkish. 618 00:35:45,518 --> 00:35:53,378 He was part of the Federal Reserve Board back when Bernanke was the chairman of the Federal Reserve in 2008. 619 00:35:53,378 --> 00:35:59,478 He was very skeptical of QE and was vocally against it. 620 00:35:59,478 --> 00:36:06,418 And many people are taking his nomination on the chin. 621 00:36:06,698 --> 00:36:16,778 Markets are, at least, because they're worried that if he does get nominated, he is not going to be too keen to turn on the money printer. 622 00:36:17,238 --> 00:36:18,898 He's a strong dollar guy, right? 623 00:36:19,138 --> 00:36:20,058 Strong dollar guy. 624 00:36:20,138 --> 00:36:26,558 He's very for lowering interest rates, not so much for expanding the monetary base via the purchase of treasuries. 625 00:36:26,558 --> 00:36:32,458 um so yeah markets took a hit this week they're still falling bitcoin's still falling 626 00:36:32,458 --> 00:36:40,258 it makes sense it makes sense from you know i think everyone thought that trump was gonna like 627 00:36:40,258 --> 00:36:49,438 put in a patsy that would just print and uh skyrocket assets and not worry about inflation 628 00:36:49,438 --> 00:36:54,038 and not worry about the sovereign debt crisis but at the same time they have to balance 629 00:36:54,038 --> 00:36:57,118 their borrowing costs going out of control. 630 00:36:57,838 --> 00:37:01,838 And it seems like that was the priority for him, right? 631 00:37:02,178 --> 00:37:08,158 Try and put someone in there that could try and tame 10-year treasury rates 632 00:37:08,158 --> 00:37:11,878 and our interest expense. 633 00:37:14,218 --> 00:37:16,398 And there's probably a balancing act there. 634 00:37:16,398 --> 00:37:18,398 Maybe there's some kind of... 635 00:37:18,398 --> 00:37:23,018 There's definitely behind-the-scenes conversations that are happening 636 00:37:23,018 --> 00:37:24,458 that led to this nomination. 637 00:37:24,798 --> 00:37:28,678 And so maybe Marsh leans a little bit more 638 00:37:28,678 --> 00:37:31,578 to protecting the dollar 639 00:37:31,578 --> 00:37:33,718 and protecting our interest expense, 640 00:37:33,718 --> 00:37:36,698 but also is willing to play ball with Trump 641 00:37:36,698 --> 00:37:38,078 where it counts for Trump. 642 00:37:39,498 --> 00:37:39,618 Yeah. 643 00:37:40,598 --> 00:37:41,898 More details too. 644 00:37:42,158 --> 00:37:46,338 I think both Scott Besant and Kevin Warsh 645 00:37:46,338 --> 00:37:49,858 are under studies of Stan Druckenmiller. 646 00:37:50,478 --> 00:37:52,658 Stan Druckenmiller came out last week 647 00:37:52,658 --> 00:38:02,018 He said he's very pleased to see that Kevin Warsh was nominated and that he believes that Besant and Warsh will get along. 648 00:38:02,018 --> 00:38:09,138 They'll be able to work together rather well, which sort of validates the thesis. 649 00:38:09,318 --> 00:38:10,118 It's not really a thesis. 650 00:38:10,118 --> 00:38:13,598 it's become more explicit over the last year 651 00:38:13,598 --> 00:38:16,698 that the Trump administration would really like to sort of blend 652 00:38:16,698 --> 00:38:19,118 the Fed and the Treasury together 653 00:38:19,118 --> 00:38:24,398 and sort of eliminate the perceived independence that exists between the two. 654 00:38:24,398 --> 00:38:28,858 And if you have two guys, Bessent and Warsh, 655 00:38:29,618 --> 00:38:30,878 who started on the same guy, 656 00:38:31,118 --> 00:38:34,838 view themselves as macroeconomic experts 657 00:38:34,838 --> 00:38:37,158 who can play the 4D chess game 658 00:38:37,158 --> 00:38:41,938 at the level of the treasury with debt issuance and the federal reserve 659 00:38:41,938 --> 00:38:45,238 monetary policy um there's many people saying that 660 00:38:45,238 --> 00:38:49,238 they are going to be simpatico and working together if 661 00:38:49,238 --> 00:38:53,178 that's the other thing like marsh still has to go through a an approval process so 662 00:38:53,178 --> 00:38:57,398 we'll see what happens there um but yeah 663 00:38:57,398 --> 00:39:01,438 new fed chairman has been nominated people have been talking about it all 664 00:39:01,438 --> 00:39:02,878 week but i don't think there's been a timeline 665 00:39:02,878 --> 00:39:05,898 that a clear timeline that I've seen 666 00:39:05,898 --> 00:39:09,398 that explains exactly when he would take the reins. 667 00:39:10,958 --> 00:39:12,718 Isn't it like April or some shit? 668 00:39:14,358 --> 00:39:15,038 Might be. 669 00:39:15,278 --> 00:39:15,638 Might be. 670 00:39:15,798 --> 00:39:16,918 I haven't seen that if it is. 671 00:39:17,078 --> 00:39:17,838 That's what it is. 672 00:39:18,898 --> 00:39:21,418 Isn't that when Powell's reign ends? 673 00:39:22,218 --> 00:39:24,618 I thought it technically ended in like 2028. 674 00:39:25,718 --> 00:39:28,798 When does Powell end? 675 00:39:32,878 --> 00:39:35,298 May 15, 2026. 676 00:39:36,298 --> 00:39:36,858 May 15. 677 00:39:37,458 --> 00:39:37,898 May 15. 678 00:39:38,078 --> 00:39:38,658 Okay, there we go. 679 00:39:39,718 --> 00:39:40,278 There's the date. 680 00:39:40,718 --> 00:39:41,658 There's the date, May 15. 681 00:39:41,658 --> 00:39:44,338 So three months. 682 00:39:44,618 --> 00:39:46,098 Three months and 10 days from now. 683 00:39:48,138 --> 00:39:49,618 It's going to be a long three months. 684 00:39:50,138 --> 00:39:51,938 It's going to be a long three months. 685 00:39:52,538 --> 00:39:54,858 Kevin Warsh, if you're listening, I know you're listening. 686 00:39:55,278 --> 00:39:55,838 You're listening. 687 00:39:56,418 --> 00:40:00,038 Why don't you just come out and say, hey, we're going to explode the monetary base. 688 00:40:00,038 --> 00:40:02,098 if you thought the COVID 689 00:40:02,098 --> 00:40:04,458 monetary base expansion was 690 00:40:04,458 --> 00:40:07,038 impressive, just wait until you see 691 00:40:07,038 --> 00:40:08,918 what I do when I get in there. That would be great for the 692 00:40:08,918 --> 00:40:09,578 Bitcoin price. 693 00:40:10,898 --> 00:40:12,198 If you get out there and do that. 694 00:40:16,478 --> 00:40:19,138 You have this press release on Q4 695 00:40:19,138 --> 00:40:19,898 2025 696 00:40:19,898 --> 00:40:21,538 GDP. 697 00:40:24,478 --> 00:40:25,178 Why'd you put this 698 00:40:25,178 --> 00:40:27,058 in there? I don't know. 699 00:40:27,598 --> 00:40:28,618 It's a massive overprint. 700 00:40:30,038 --> 00:40:32,018 No, it just seemed relevant. 701 00:40:34,638 --> 00:40:43,238 Just growth expectations are low, which people were talking about saying that that's part of the reason for the macro concern. 702 00:40:45,378 --> 00:40:56,478 I think GDP growth clocked in at 4.4% last quarter, and this next release estimates are at 2.2%. 703 00:40:56,478 --> 00:40:57,738 I don't know. 704 00:40:57,738 --> 00:41:01,038 It goes along with the trend that we've been talking about for a while is that 705 00:41:01,038 --> 00:41:03,618 we've just been in a silent depression that's been papered over. 706 00:41:05,038 --> 00:41:08,878 Like people are fucking hurting, but the permanent underclass meme, right? 707 00:41:11,938 --> 00:41:17,138 Like, and maybe the signs are finally showing in a big way. 708 00:41:17,218 --> 00:41:19,758 And the only real answer to that is to print more. 709 00:41:20,898 --> 00:41:26,018 And everyone's just playing musical fucking chairs until that happens. 710 00:41:26,018 --> 00:41:31,018 Yeah. But yeah, no, no, it seemed relevant. 711 00:41:31,018 --> 00:41:47,176 Yeah Seems pretty relevant There it is There it is What else do we got here Would you want to talk I didn know what to put on the list but you brought it up 712 00:41:47,176 --> 00:41:49,016 And so should we talk about it? 713 00:41:50,656 --> 00:41:51,096 GDP? 714 00:41:52,476 --> 00:41:56,336 No, new FUD, which I said is not really FUD. 715 00:41:56,436 --> 00:41:56,636 Oh, new FUD. 716 00:41:56,636 --> 00:41:57,916 The Epstein files stuff. 717 00:41:58,196 --> 00:41:59,236 That's what you're talking about, right? 718 00:41:59,676 --> 00:42:00,556 Let's get into it. 719 00:42:00,996 --> 00:42:01,776 What's your opinion? 720 00:42:02,696 --> 00:42:03,416 Not great. 721 00:42:03,776 --> 00:42:04,896 I mean, I read an newsletter about it. 722 00:42:04,996 --> 00:42:11,016 I mean, I think we have to sort of divide and conquer here with how we want to cover this. 723 00:42:11,196 --> 00:42:17,056 I mean, obviously, you have the broad brush. 724 00:42:17,976 --> 00:42:22,556 Three million, six million documents, whatever it is, have been released, and it's not good. 725 00:42:23,416 --> 00:42:24,956 Pizzagate seems to be validated. 726 00:42:25,736 --> 00:42:30,716 There's a lot of talk about murdering people, torturing people. 727 00:42:30,716 --> 00:42:33,736 a lot of our 728 00:42:33,736 --> 00:42:35,136 you know a lot of 729 00:42:35,136 --> 00:42:35,896 yeah what the fuck 730 00:42:35,896 --> 00:42:37,196 like just send an email 731 00:42:37,196 --> 00:42:37,796 just like 732 00:42:37,796 --> 00:42:39,256 oh like I got the torture video 733 00:42:39,256 --> 00:42:40,636 like sent for my Blackberry 734 00:42:40,636 --> 00:42:42,056 like that also too 735 00:42:42,056 --> 00:42:43,276 is like wild 736 00:42:43,276 --> 00:42:44,616 I mean you know 737 00:42:44,616 --> 00:42:45,696 the theories around 738 00:42:45,696 --> 00:42:46,756 that particular one too 739 00:42:46,756 --> 00:42:48,016 is that it was BB Netanyahu 740 00:42:48,016 --> 00:42:48,836 there's people 741 00:42:48,836 --> 00:42:49,896 wait it was blacked out 742 00:42:49,896 --> 00:42:50,596 and like 743 00:42:50,596 --> 00:42:51,816 what about like 744 00:42:51,816 --> 00:42:53,196 strategic blackouts 745 00:42:53,196 --> 00:42:53,656 like 746 00:42:53,656 --> 00:42:54,816 and then all the 747 00:42:54,816 --> 00:42:56,136 files are being like 748 00:42:56,136 --> 00:42:56,836 trickled out 749 00:42:56,836 --> 00:42:58,696 like who gets named 750 00:42:58,696 --> 00:42:59,836 and who doesn't get named 751 00:42:59,836 --> 00:43:05,056 they're taking files it's all fucking disgusting but taking files out of the database particularly 752 00:43:05,056 --> 00:43:11,836 the ones about the Rothschilds um well he had one where he was like I represent the Rothschilds right 753 00:43:11,836 --> 00:43:18,556 yeah and then there was there was like a contract from the Rothschilds for 25 million dollars it's 754 00:43:18,556 --> 00:43:24,196 so it's so hard to follow all this shit because it's like what is a joke screenshot or a fake 755 00:43:24,196 --> 00:43:26,996 screenshot versus like what's the actual emails that got released. 756 00:43:26,996 --> 00:43:32,356 And it seems like the overwhelming majority of people aren't denying the actual 757 00:43:32,356 --> 00:43:34,836 database that's out there. 758 00:43:35,416 --> 00:43:37,536 Because obviously we have to trust the U S government, 759 00:43:37,536 --> 00:43:39,696 which is not a very trustworthy entity. 760 00:43:40,836 --> 00:43:44,676 I guess specifically like the DOJ and the FBI that like, this is legit. 761 00:43:45,796 --> 00:43:51,176 But I would point to it probably being mostly legit what we've seen, 762 00:43:51,176 --> 00:43:55,236 because pretty much nobody has denied it except for Bill Gates, 763 00:43:56,236 --> 00:44:00,036 who was particularly despicable in his – 764 00:44:00,036 --> 00:44:05,976 he got STD from some Russian girls and then asked Epstein to drug his – 765 00:44:05,976 --> 00:44:09,716 he asked Epstein to drug Melinda Gates for him. 766 00:44:10,836 --> 00:44:11,036 Yes. 767 00:44:11,216 --> 00:44:13,596 I mean, she was – I mean, I think that's validated. 768 00:44:13,776 --> 00:44:16,056 She was on the press tour this week answering questions 769 00:44:16,056 --> 00:44:18,556 about that particular email. 770 00:44:18,796 --> 00:44:19,376 Not happy. 771 00:44:19,576 --> 00:44:20,096 Disgusted. 772 00:44:20,096 --> 00:44:24,636 and that happy is not sufficient to describe how Melinda Gates is feeling. 773 00:44:25,956 --> 00:44:29,316 Disgusted with her ex-husband's actions. 774 00:44:30,636 --> 00:44:32,356 And then, of course, there was a bunch of, 775 00:44:32,356 --> 00:44:36,016 there was a decent amount of Bitcoiners that were 776 00:44:36,016 --> 00:44:40,056 at the very least exchanging messages with him 777 00:44:40,056 --> 00:44:43,016 if not meeting him or going to the island or taking his money. 778 00:44:44,016 --> 00:44:46,616 So we got, just outside my head, 779 00:44:46,616 --> 00:44:48,376 Bradenbach 780 00:44:48,376 --> 00:44:51,476 Brian Bishop 781 00:44:51,476 --> 00:44:53,456 Joy Ito 782 00:44:53,456 --> 00:44:54,896 from MIT Media Labs 783 00:44:54,896 --> 00:44:55,836 Jeremy Rubin 784 00:44:55,836 --> 00:44:58,716 co-founders of Chainco Labs 785 00:44:58,716 --> 00:44:59,776 Alex Nsouas 786 00:44:59,776 --> 00:45:03,196 who else is in there 787 00:45:03,196 --> 00:45:03,976 I think there's more 788 00:45:03,976 --> 00:45:05,476 Brian Bishop 789 00:45:05,476 --> 00:45:07,256 I said Brian Bishop 790 00:45:07,256 --> 00:45:09,756 the POM thing 791 00:45:09,756 --> 00:45:11,276 was that POM we were talking about 792 00:45:11,276 --> 00:45:12,376 is that POM's real email 793 00:45:12,376 --> 00:45:15,336 there's an email 794 00:45:15,336 --> 00:45:16,936 from an Anthony Pompliano. 795 00:45:17,696 --> 00:45:19,256 I don't know how many there are in the world. 796 00:45:21,016 --> 00:45:24,436 That is like, I am an Iranian spy 797 00:45:24,436 --> 00:45:26,496 and you have to do what I say. 798 00:45:27,176 --> 00:45:29,176 Which is just fucking wild. 799 00:45:29,976 --> 00:45:32,476 It's the weirdest I find to be honest. 800 00:45:33,436 --> 00:45:38,636 I mean, so the email address for that 801 00:45:38,636 --> 00:45:42,776 is pomplianoa at gmail.com. 802 00:45:42,776 --> 00:45:50,876 So the question is, does the guy who wrote How to Live an Exceptional Life book have that email address? 803 00:45:51,056 --> 00:45:53,876 Like, is that crypto Anthony Pompliano? 804 00:45:54,136 --> 00:45:55,356 I don't know if it is or not. 805 00:45:56,476 --> 00:45:58,156 I don't think I've ever sent him an email. 806 00:46:00,716 --> 00:46:01,376 I have. 807 00:46:01,476 --> 00:46:02,756 That's not the one I've sent it to. 808 00:46:03,756 --> 00:46:12,056 Yeah, I mean, well, if you're not retarded and you're blackmailing Epstein with your Gmail address saying you're an Iranian agent, you should probably rotate the email address. 809 00:46:12,056 --> 00:46:16,216 but this is, I mean, 810 00:46:16,836 --> 00:46:19,996 so a lot of theories out there. 811 00:46:20,936 --> 00:46:24,216 Bitcoin is now being called goy gold and pedo coin. 812 00:46:25,736 --> 00:46:26,756 If we're being honest, 813 00:46:27,736 --> 00:46:28,656 memetically powerful. 814 00:46:29,616 --> 00:46:31,036 It's very easy to just respond. 815 00:46:31,616 --> 00:46:32,276 I've seen it. 816 00:46:32,376 --> 00:46:34,336 You've been saying stay humble, stack sats, 817 00:46:35,236 --> 00:46:36,856 pedo coin, first reply. 818 00:46:37,996 --> 00:46:38,976 It's powerful. 819 00:46:39,396 --> 00:46:40,036 It stinks. 820 00:46:40,036 --> 00:46:42,396 it's there 821 00:46:42,396 --> 00:46:45,416 and this is important 822 00:46:45,416 --> 00:46:47,376 I see a lot of people get wrapped up 823 00:46:47,376 --> 00:46:48,016 I think 824 00:46:48,016 --> 00:46:49,976 I say this in the newsletter 825 00:46:49,976 --> 00:46:50,976 I'm not going to pretend 826 00:46:50,976 --> 00:46:53,456 to know 827 00:46:53,456 --> 00:46:54,576 because I don't know 828 00:46:54,576 --> 00:46:56,036 with any degree of confidence 829 00:46:56,036 --> 00:46:56,796 to which 830 00:46:56,796 --> 00:46:59,596 the individuals who were 831 00:46:59,596 --> 00:47:00,456 within Bitcoin 832 00:47:00,456 --> 00:47:01,536 who 833 00:47:01,536 --> 00:47:03,636 were found to be 834 00:47:03,636 --> 00:47:04,796 interacting with 835 00:47:04,796 --> 00:47:05,896 Epstein 836 00:47:05,896 --> 00:47:06,556 and his 837 00:47:06,556 --> 00:47:09,296 and his associates 838 00:47:09,296 --> 00:47:12,356 I'm not going to pretend to understand 839 00:47:12,356 --> 00:47:14,656 was it just some one off email 840 00:47:14,656 --> 00:47:16,216 where they were like 841 00:47:16,216 --> 00:47:18,276 I'll meet this guy or did they 842 00:47:18,276 --> 00:47:19,916 understand who he was and 843 00:47:19,916 --> 00:47:22,476 interact with him early 844 00:47:22,476 --> 00:47:23,956 I think with Jeremy Rubin specifically 845 00:47:23,956 --> 00:47:26,136 that is clear that it was like 846 00:47:26,136 --> 00:47:28,276 2018 I think there was one 847 00:47:28,276 --> 00:47:29,416 email where he asked him 848 00:47:29,416 --> 00:47:32,476 like hey can you teach me how to 849 00:47:32,476 --> 00:47:34,156 make more money 850 00:47:34,156 --> 00:47:35,476 very weird 851 00:47:35,476 --> 00:47:36,856 I think 852 00:47:36,856 --> 00:47:45,756 they um cooked he explained opsy tv i think in one of the emails right i don't know i've seen 853 00:47:45,756 --> 00:47:57,636 look i uh i think there is a um and you know social media fuels this in a lot a lot of ways 854 00:47:57,636 --> 00:48:02,556 there's there's a desire to go to the extreme and paint everything with a broad brush 855 00:48:02,556 --> 00:48:08,156 and obviously like this was a dude that was like very connected to a lot of people and had a lot 856 00:48:08,156 --> 00:48:15,156 of money and influence um and it spanned decades and so there's different people that had had 857 00:48:15,156 --> 00:48:20,176 different interactions with them and they should probably be treated accordingly um depending on 858 00:48:20,176 --> 00:48:24,136 who those people are and how their interactions were and what time those interactions happened 859 00:48:24,136 --> 00:48:28,936 right like i think if you were talking to him in 2013 you probably should have known he was a pedo 860 00:48:28,936 --> 00:48:32,696 already but if you're talking to him too in 2018 you definitely should have fucking known 861 00:48:32,696 --> 00:48:39,296 um and so i mean jeremy rubin too like specifically uh 862 00:48:39,296 --> 00:48:46,476 like at one point like he tried to get epstein to invest in like the block stream of grin 863 00:48:46,476 --> 00:48:52,176 the shitcoin grin and epstein actually responded back like i think it's immoral to 864 00:48:52,176 --> 00:49:00,436 like pump shit coins which is like fucking crazy uh fucking crazy get lectured on morality from 865 00:49:00,436 --> 00:49:07,016 jeffrey epstein um he invested in blockstream seed round it seems like adam back went to the island 866 00:49:07,016 --> 00:49:13,836 really bad look i mean he invested via media labs right or joyito yeah but they were talking 867 00:49:13,836 --> 00:49:19,456 to him directly like austin hill adam's co-founder and adam seemed to have met with him 868 00:49:19,456 --> 00:49:26,056 and then they they had him divest his position not because he's a pedo but because he invested 869 00:49:26,056 --> 00:49:32,676 in stellar which is like such a ridiculous fucking line to draw it's like oh shit coins bad 870 00:49:32,676 --> 00:49:38,656 pedo fine um but then also like at the same time like i've known adam for a while i don't think he's 871 00:49:38,656 --> 00:49:46,696 a pedo so like i don't know you know how to react there yeah um but also adam doesn't have control 872 00:49:46,696 --> 00:49:49,996 over Bitcoin. Blockstream doesn't have control over Bitcoin. It's an open source project. 873 00:49:51,176 --> 00:49:56,596 That's the beauty of it. The beauty is it is incredibly hard to change by default and no one 874 00:49:56,596 --> 00:50:06,916 controls it and it's auditable and trustless. That's the whole point. So, and then like, 875 00:50:06,916 --> 00:50:12,016 what's the alternative? Like if you don't think like Epstein is embodies the fiat system. 876 00:50:12,016 --> 00:50:15,616 so that's why it's particularly painful 877 00:50:15,616 --> 00:50:19,556 for you know bitcoin to be painted in the epstein light 878 00:50:19,556 --> 00:50:23,036 um just 879 00:50:23,036 --> 00:50:25,336 yeah 880 00:50:25,336 --> 00:50:30,796 i mean in the media lab saying like the joyito 881 00:50:30,796 --> 00:50:35,296 like telling him like ah we've got some of the best developers 882 00:50:35,296 --> 00:50:37,416 like we've got they did at the time 883 00:50:37,416 --> 00:50:41,176 it did but like and back then too but like that was when like 884 00:50:41,176 --> 00:50:45,416 Epstein, I think I saw one of his emails where he's like, 885 00:50:45,436 --> 00:50:47,416 we got this guy Gavin who knows Bitcoin. 886 00:50:48,236 --> 00:50:50,376 That's been the frustrating part about me. 887 00:50:50,956 --> 00:50:52,776 Shout out Gavin real quick. 888 00:50:52,956 --> 00:50:56,896 I mean, fuck Gavin for a lot of reasons. 889 00:50:57,076 --> 00:50:59,176 But on the Epstein side, he just responded back. 890 00:50:59,256 --> 00:51:00,456 He's like, nope, sorry, I'm busy. 891 00:51:00,736 --> 00:51:01,456 I'm busy. 892 00:51:02,336 --> 00:51:02,496 Yeah. 893 00:51:03,936 --> 00:51:08,776 But Joyito was making himself out to be as a kingmaker in Bitcoin, 894 00:51:08,776 --> 00:51:14,796 which for a time I wouldn't describe them as a kingmaker, 895 00:51:14,916 --> 00:51:19,796 but they were one of the few outlets their funding development. 896 00:51:19,856 --> 00:51:21,916 Yeah, after a Bitcoin foundation fell apart. 897 00:51:22,596 --> 00:51:22,736 Yeah. 898 00:51:24,356 --> 00:51:31,156 But that was also like, MIT has always been out of touch 899 00:51:31,156 --> 00:51:34,656 and questionable in terms of the dev funding stuff. 900 00:51:35,116 --> 00:51:37,096 I mean, this is part of the reason OpenSats exists. 901 00:51:38,056 --> 00:51:40,316 And I think what a lot of people don't realize is, 902 00:51:43,296 --> 00:51:47,016 like, okay, maybe you think Bitcoin developers 903 00:51:47,016 --> 00:51:48,476 shouldn't get any funding whatsoever. 904 00:51:49,176 --> 00:51:50,876 And I would disagree with you on that. 905 00:51:51,036 --> 00:51:53,316 I think critical open source developers 906 00:51:53,316 --> 00:51:55,556 should not have to worry about rent 907 00:51:55,556 --> 00:51:57,336 and should have some financial stability. 908 00:51:57,836 --> 00:51:59,976 But whatever, we can agree to disagree on that. 909 00:52:01,196 --> 00:52:04,036 It doesn't matter if you don't want them to get funded. 910 00:52:04,556 --> 00:52:06,616 They will find funding from someone. 911 00:52:07,096 --> 00:52:21,236 And it will be funding from malicious actors and questionable sources like Epstein or some company that has ulterior motives and wants to fuck with Bitcoin and will pay them a big salary. 912 00:52:21,236 --> 00:52:38,376 And so the answer there, if you're concerned about malevolent funding and bad funding and bad incentives, is to offer a different path where they can have ethical, transparent, reliable funding. 913 00:52:39,396 --> 00:52:40,596 That's the answer. 914 00:52:40,736 --> 00:52:44,716 It's not complaining on social that we should just defund all the developers. 915 00:52:46,016 --> 00:52:47,836 And that's why OpenSats exists. 916 00:52:47,836 --> 00:52:48,956 And maybe you disagree. 917 00:52:49,096 --> 00:52:51,036 We have 371 grants out. 918 00:52:51,236 --> 00:52:55,636 Like maybe you disagree with a couple of them or 10 of them. 919 00:52:55,756 --> 00:52:56,936 That's a fucking win. 920 00:52:57,636 --> 00:53:00,656 It's like, okay, so you agree with 360 of them. 921 00:53:01,056 --> 00:53:03,076 That's a pretty fucking strong hit rate. 922 00:53:03,516 --> 00:53:09,076 And we try and lean to fund rather than to not fund as it should be. 923 00:53:11,936 --> 00:53:12,456 Yeah. 924 00:53:13,156 --> 00:53:14,616 What a fucking week, dude. 925 00:53:14,756 --> 00:53:18,176 I forgot about the price has been falling so quick and so fast today. 926 00:53:18,176 --> 00:53:21,696 It's like, ah, I forgot about the Epstein stuff for a couple hours there. 927 00:53:21,976 --> 00:53:22,796 But it's bad. 928 00:53:22,836 --> 00:53:23,636 The Brian Bishop stuff. 929 00:53:23,756 --> 00:53:30,356 Brian was on TFTC in 2018 or 2019 talking about transhumanist baby stuff. 930 00:53:32,756 --> 00:53:33,416 Hand up. 931 00:53:33,456 --> 00:53:33,956 Had no idea. 932 00:53:34,016 --> 00:53:35,776 I was talking to Epstein about this stuff. 933 00:53:36,636 --> 00:53:37,616 And I wanted to talk to him about it. 934 00:53:38,696 --> 00:53:41,756 It forced into the transhumanist designer baby stuff. 935 00:53:41,896 --> 00:53:42,656 And I left that. 936 00:53:42,656 --> 00:53:43,156 I was like, ugh. 937 00:53:43,156 --> 00:53:52,236 it's already questionable if you believe in like design like designing humans 938 00:53:52,236 --> 00:54:00,396 like genetically modified designed humans already ethically questionable um and a bad look in my 939 00:54:00,396 --> 00:54:05,916 opinion what is that movie it's like that movie uh the sci-fi movie where there's like the elite 940 00:54:05,916 --> 00:54:09,916 class that are all genetically modified and then there's like their natural birth people that are 941 00:54:09,916 --> 00:54:14,996 all at the disadvantage um the freak's not the movie i'm talking about anyway it's dystopia shit 942 00:54:14,996 --> 00:54:21,796 but you want to take it to another level like 2018 you reach out to like a known pedo and you 943 00:54:21,796 --> 00:54:26,716 try and fucking raise money from it this is such an emails and the emails were such a way we'll set 944 00:54:26,716 --> 00:54:33,996 this raise up where it's very private like i can't be associated with you um yes yeah gattaca 945 00:54:33,996 --> 00:54:35,176 I've never seen Gattaca. 946 00:54:35,916 --> 00:54:37,396 Oh, go watch Gattaca. 947 00:54:37,736 --> 00:54:39,396 Highly relevant to today's age. 948 00:54:39,576 --> 00:54:40,036 Great movie. 949 00:54:40,616 --> 00:54:41,136 Fucked up. 950 00:54:41,396 --> 00:54:42,056 Great movie, though. 951 00:54:43,256 --> 00:54:43,996 But yeah, it was Gattaca. 952 00:54:44,096 --> 00:54:45,476 Oh, I see BTC Sessions here. 953 00:54:45,656 --> 00:54:46,676 Thank you for having me. 954 00:54:47,036 --> 00:54:50,156 He's just thanking me for being on the second to last 955 00:54:50,156 --> 00:54:52,956 while we're bullish because apparently he's not bullish anymore. 956 00:54:54,356 --> 00:54:55,596 It was an honor and a privilege. 957 00:54:56,196 --> 00:54:56,496 You know what? 958 00:54:56,516 --> 00:54:57,056 Maybe we need to. 959 00:54:57,256 --> 00:55:01,236 Can you like Sessions, can you just push up the last episode to today 960 00:55:01,236 --> 00:55:02,996 and just get it over with? 961 00:55:02,996 --> 00:55:08,756 and it's like bottom tick i mean i don't want to say it but i feel like bottom has to be close 962 00:55:08,756 --> 00:55:14,896 don't you just why'd you say it when we were well why'd you say for new years i said we were 963 00:55:14,896 --> 00:55:20,116 gonna hit 79 before 100k and you said it wasn't gonna fucking happen and like i'm not pretending 964 00:55:20,116 --> 00:55:26,396 you said 71 what okay even better but like i'm not pretending like i thought 965 00:55:26,396 --> 00:55:33,236 it was going to be this you know painful but like if the writing was still on the wall we needed 966 00:55:33,236 --> 00:55:38,836 pain you need pain to form a bottom and their pain wasn't there yet um like that's how it is 967 00:55:38,836 --> 00:55:46,576 and so you got to go through it uh the one the person i think you missed a bit corner that was 968 00:55:46,576 --> 00:55:51,656 on the list sailor was on in the emails did you say so yeah it was like turbo autist they were 969 00:55:51,656 --> 00:56:00,656 Like, I don't, I think people are giving, I mean, once again, I'm just going to be accused of, of having derangement syndrome, which I do not have, but whatever. 970 00:56:01,476 --> 00:56:03,016 That's what's derangement syndrome. 971 00:56:03,216 --> 00:56:03,776 I know. 972 00:56:03,876 --> 00:56:04,316 I know. 973 00:56:04,356 --> 00:56:05,736 So it's impossible to deny it. 974 00:56:05,796 --> 00:56:06,596 And it is what it is. 975 00:56:06,616 --> 00:56:07,016 It's fine. 976 00:56:08,696 --> 00:56:13,736 But like people are giving him way too much credit for that. 977 00:56:13,736 --> 00:56:23,556 I, uh, like the emails, like literally said he spent $25,000 on food and beverage at an Epstein adjacent event to try and win favor with Epstein. 978 00:56:23,896 --> 00:56:27,816 And his publicist was like, this guy's too cuckoo even for us. 979 00:56:27,916 --> 00:56:31,756 Like that's like, uh, yeah, I don't know. 980 00:56:31,996 --> 00:56:34,996 I wouldn't be surprised if we saw more shit come out on that front. 981 00:56:35,416 --> 00:56:37,816 Why is there so many, why is there so many fucking. 982 00:56:39,516 --> 00:56:41,636 And he's like an emporious womanizer too. 983 00:56:41,636 --> 00:56:44,816 I wouldn't be surprised if we see shit come out there 984 00:56:44,816 --> 00:56:46,996 where are all the good people out there 985 00:56:46,996 --> 00:56:47,776 where are they 986 00:56:47,776 --> 00:56:50,836 look this industry has the best people and the worst people 987 00:56:50,836 --> 00:56:51,476 that's how it is 988 00:56:51,476 --> 00:56:52,296 why can't we just be normal 989 00:56:52,296 --> 00:56:56,396 build freedom software 990 00:56:56,396 --> 00:56:57,596 and raise families 991 00:56:57,596 --> 00:57:00,636 maybe catch a game 992 00:57:00,636 --> 00:57:01,616 every once in a while 993 00:57:01,616 --> 00:57:03,636 be productive members of society 994 00:57:03,636 --> 00:57:04,476 why do we have to do it 995 00:57:04,476 --> 00:57:05,236 where are people 996 00:57:05,236 --> 00:57:08,036 and what 997 00:57:08,036 --> 00:57:09,596 Mom Donnie was in there too 998 00:57:09,596 --> 00:57:10,716 did you see that 999 00:57:10,716 --> 00:57:18,436 Dude, when Marty Jones will come out, you're talking like 60 Illuminati chess. 1000 00:57:19,876 --> 00:57:21,996 Yeah, even the socialist is in there. 1001 00:57:23,676 --> 00:57:25,416 People are thinking he's like, I've seen Sun. 1002 00:57:26,416 --> 00:57:27,036 I saw that. 1003 00:57:27,336 --> 00:57:30,136 Yeah, it's like Trudeau and DeCastro. 1004 00:57:30,776 --> 00:57:31,076 Yeah. 1005 00:57:31,256 --> 00:57:31,816 He might be. 1006 00:57:31,876 --> 00:57:33,136 He might be Epstein's son. 1007 00:57:33,136 --> 00:57:40,136 I mean, I've seen some 4chan level sort of facial comparisons. 1008 00:57:40,716 --> 00:57:42,256 the bonus structure is very similar. 1009 00:57:43,096 --> 00:57:44,096 That's all I'll say. 1010 00:57:46,816 --> 00:57:48,476 You know what the most fucked up part about all this is? 1011 00:57:48,476 --> 00:57:49,976 It's just one big group chat. 1012 00:57:50,196 --> 00:57:51,596 It's just one big group chat. 1013 00:57:52,216 --> 00:57:53,336 And we're not in it. 1014 00:57:54,256 --> 00:57:55,256 That's what it is. 1015 00:57:55,336 --> 00:57:57,616 All these people, it's like Democrat, Republican, 1016 00:57:58,096 --> 00:57:59,976 like Trump, there's definitely way more stuff 1017 00:57:59,976 --> 00:58:00,736 on Trump in there. 1018 00:58:00,916 --> 00:58:03,096 I don't think Trump was fucking 12-year-olds. 1019 00:58:03,636 --> 00:58:05,676 I think he was mentioned like 47,000 times 1020 00:58:05,676 --> 00:58:06,636 or something like that in the files. 1021 00:58:07,716 --> 00:58:09,336 Yeah, and I can guarantee you 1022 00:58:09,336 --> 00:58:11,676 that the worst stuff won't get released by his administration. 1023 00:58:12,056 --> 00:58:13,316 That is obvious. 1024 00:58:15,116 --> 00:58:16,616 Well, I mean, two things here. 1025 00:58:16,756 --> 00:58:18,796 The worst part about all this is nothing's going to happen. 1026 00:58:19,436 --> 00:58:20,556 Literally nothing's going to happen. 1027 00:58:20,696 --> 00:58:26,556 We're just all going to know that taxation is a humiliation type 1028 00:58:26,556 --> 00:58:30,136 we paid to the satanic pedophiles out there. 1029 00:58:31,156 --> 00:58:32,956 And then number two, we're not even seeing all of it. 1030 00:58:33,016 --> 00:58:34,056 Somebody had a tweet out there yesterday. 1031 00:58:34,056 --> 00:58:36,656 It was something like 14.6 terabytes of data. 1032 00:58:36,936 --> 00:58:39,056 And all we've seen is- 1033 00:58:39,336 --> 00:58:41,196 Yeah, it's mostly videos. 1034 00:58:42,756 --> 00:58:46,276 You can see it in some of the emails. 1035 00:58:46,496 --> 00:58:50,976 They included MP4 attachments that did not get released. 1036 00:58:50,976 --> 00:58:53,396 Where are the MP4s? Let's see the fucking MP4s. 1037 00:58:53,716 --> 00:58:55,756 I don't want to see them. I know I'll be. 1038 00:58:55,756 --> 00:59:00,236 I mean, let a researcher see them and write a tweet about it. 1039 00:59:01,396 --> 00:59:02,456 Someone's got to see them. 1040 00:59:03,936 --> 00:59:08,116 The worst part is, too, what is real anymore? 1041 00:59:09,336 --> 00:59:11,556 If it's not signed and hashed by someone you trust, 1042 00:59:11,776 --> 00:59:16,016 if a video came out tomorrow that was Epstein in his prison cell 1043 00:59:16,016 --> 00:59:17,816 putting the noose around his neck himself, 1044 00:59:17,996 --> 00:59:18,776 wouldn't believe it. 1045 00:59:19,776 --> 00:59:20,916 Just wouldn't believe it. 1046 00:59:21,416 --> 00:59:23,556 Well, that's why another disappointing thing about this 1047 00:59:23,556 --> 00:59:27,176 release of these emails, 1048 00:59:27,336 --> 00:59:28,476 they didn't do it like WikiLeaks, 1049 00:59:28,536 --> 00:59:30,816 where WikiLeaks you would have the cryptographic hash 1050 00:59:30,816 --> 00:59:33,656 associated with the email. 1051 00:59:34,376 --> 00:59:34,896 Yeah. 1052 00:59:35,256 --> 00:59:35,536 Yeah. 1053 00:59:36,176 --> 00:59:38,016 Which is not perfect, but it's helpful. 1054 00:59:38,756 --> 00:59:38,936 Yeah. 1055 00:59:39,336 --> 00:59:50,916 we got each other right freaks at least we got each other we got each other dude i mean on the 1056 00:59:50,916 --> 00:59:58,636 nothing's gonna happen no repercussions yeah i mean that's the most fucked up part and i mean 1057 00:59:58,636 --> 01:00:04,436 to your point about taxation being humiliation ritual like a week and a half ago a ton of 1058 01:00:04,436 --> 01:00:09,056 influencers were calling for a tax revolt because of Minneapolis daycare Somali scams. 1059 01:00:10,056 --> 01:00:11,436 Everyone completely forgot about it. 1060 01:00:11,936 --> 01:00:12,456 That was one of them. 1061 01:00:12,516 --> 01:00:12,976 I even forgot. 1062 01:00:14,136 --> 01:00:20,276 The ICE agents and the controversy over Preddy getting killed and the woman getting killed. 1063 01:00:21,656 --> 01:00:23,316 Everyone completely forgot about it. 1064 01:00:23,996 --> 01:00:26,916 And with this, probably people will forget about it. 1065 01:00:26,976 --> 01:00:32,836 Now, I will say on the Bitcoin side, something to be aware of is there's a contingent of Bitcoiners 1066 01:00:34,436 --> 01:00:38,836 that are very anti-Bitcoin core that are probably just going to continue posting in everyone's 1067 01:00:38,836 --> 01:00:43,556 comments saying that Bitcoiners are pedos. So on the Epstein stuff, it probably will continue for 1068 01:00:43,556 --> 01:00:49,156 a while on the Bitcoin side. So just be prepared for that. There was like three hours this week 1069 01:00:49,156 --> 01:00:54,036 where I was preparing for a Carrington event. I'm not sure if you caught the sun. There's a big, 1070 01:00:55,316 --> 01:01:02,116 a lot of activity going on in the sun right now. I was checking my freezer, preparing for the grid 1071 01:01:02,116 --> 01:01:07,316 to get locked out but that came and went the epstein stuff take took over but to your point 1072 01:01:07,316 --> 01:01:14,436 about the news cycle um like i said this morning i completely forgot about the epstein stuff because 1073 01:01:14,436 --> 01:01:20,196 all anybody's talking about is the bitcoin price and markets crashing generally what's 1074 01:01:20,196 --> 01:01:24,916 gonna be next week are they gonna tell us that asteroid quote-unquote asteroid is an alien um 1075 01:01:24,916 --> 01:01:29,796 is an alien ship approaching earth yeah that's what that freak who keeps zapping us asteroids 1076 01:01:29,796 --> 01:01:30,856 is trying to tell us. 1077 01:01:32,216 --> 01:01:34,876 As for Zaps, 1078 01:01:35,236 --> 01:01:36,556 I see Chef Tommy 1079 01:01:36,556 --> 01:01:38,896 in the Ride or Die live chat 1080 01:01:38,896 --> 01:01:41,076 on Noster saying, 1081 01:01:41,496 --> 01:01:42,636 he's at 21,000 sats. 1082 01:01:42,776 --> 01:01:44,596 The big print is upon us. 1083 01:01:45,496 --> 01:01:46,856 Q2 2026, 1084 01:01:47,036 --> 01:01:47,836 cheap sats today. 1085 01:01:47,976 --> 01:01:48,956 Here's generational wealth 1086 01:01:48,956 --> 01:01:49,876 for value for value. 1087 01:01:49,976 --> 01:01:51,736 My kids will thinking 1088 01:01:51,736 --> 01:01:53,856 I'm a lunatic for this in 20 years. 1089 01:01:54,036 --> 01:01:55,076 Yeah, it really does feel like 1090 01:01:55,076 --> 01:01:56,036 they're trying to shake us out 1091 01:01:56,036 --> 01:01:57,916 right before they print us 1092 01:01:57,916 --> 01:01:58,716 to kingdom come. 1093 01:01:58,716 --> 01:02:05,656 We have Cactus Jack zapped 33,333 sots, palindrome boost. 1094 01:02:05,896 --> 01:02:09,896 During these downturns, it's important to remember there's no gold in Fort Knox. 1095 01:02:10,416 --> 01:02:13,016 Bitcoin is down, but nothing's changed about why we need it. 1096 01:02:13,156 --> 01:02:20,676 Yeah, I mean, I do not think the gold is – the amount of gold they say is in Fort Knox is likely not there. 1097 01:02:20,836 --> 01:02:21,596 I think – 1098 01:02:21,596 --> 01:02:22,516 That's another news cycle. 1099 01:02:22,676 --> 01:02:24,276 We were supposed to audit that like a year ago. 1100 01:02:24,436 --> 01:02:40,414 Where the hell did that go Yeah and then Elon got a black eye and got kicked out of the government after he said he was going to live stream the audit of Ford Knox By the way there was an Epstein email I believe there was an Epstein email where Epstein said that Ford Knox is insolvent 1101 01:02:40,654 --> 01:02:43,034 There isn't the gold that we say is over there. 1102 01:02:43,374 --> 01:02:44,074 Yeah, yeah. 1103 01:02:48,594 --> 01:02:51,134 The only thing I know is real right now is this Guinness. 1104 01:02:51,294 --> 01:02:52,054 It's delicious. 1105 01:02:52,054 --> 01:02:54,074 unless I'm plugged into the Matrix. 1106 01:02:54,614 --> 01:02:56,314 I know it doesn't exist, but 1107 01:02:56,314 --> 01:02:58,474 the taste 1108 01:02:58,474 --> 01:03:00,794 is just good. Are we plugged in? 1109 01:03:01,794 --> 01:03:02,734 Are we plugged in right now? 1110 01:03:04,994 --> 01:03:06,054 Morpheus, come get me. 1111 01:03:06,874 --> 01:03:08,514 I'm not the one, but I'll 1112 01:03:08,514 --> 01:03:09,654 try to protect him. 1113 01:03:10,694 --> 01:03:12,014 We got more zaps. Bayer, 1114 01:03:12,314 --> 01:03:14,654 50,000 zaps. Here's a fat zap so you don't have 1115 01:03:14,654 --> 01:03:15,554 to work at McDicks. 1116 01:03:16,274 --> 01:03:17,894 R.H.R. $20, boys. 1117 01:03:19,394 --> 01:03:19,994 R.H.R. 1118 01:03:20,014 --> 01:03:21,574 Thank you. 1119 01:03:21,574 --> 01:03:26,314 Florida Justin, 123, 321 sats, palindrome, zap. 1120 01:03:26,454 --> 01:03:28,434 Random requests from a non-tactical pleb. 1121 01:03:28,514 --> 01:03:33,734 Can Odell go old school and post a live from Pearl Jam music video? 1122 01:03:33,954 --> 01:03:34,974 It's Noster in the AM. 1123 01:03:35,394 --> 01:03:37,574 Thanks in advance from an elder millennial. 1124 01:03:38,134 --> 01:03:42,074 Yeah, I should have never stopped posting my morning music videos on Noster. 1125 01:03:42,234 --> 01:03:46,814 I was getting – I let the haters get to me a little bit on that one. 1126 01:03:47,814 --> 01:03:48,814 They got angry. 1127 01:03:48,814 --> 01:03:56,694 some people got angry that I was um you know the the most popular post every every day on Nostra 1128 01:03:56,694 --> 01:04:01,694 was just me saying good morning with my music video and uh people got angry about it and I'd 1129 01:04:01,694 --> 01:04:06,634 let them get to me I probably shouldn't have done that that's not me I will say I'm too lazy to check 1130 01:04:06,634 --> 01:04:14,094 but if someone does go and check when I turned off all caps I think I was exceptionally timed 1131 01:04:14,094 --> 01:04:16,054 on that. I think I nailed that timing of 1132 01:04:16,054 --> 01:04:17,574 turning off my caps and realizing 1133 01:04:17,574 --> 01:04:19,314 it was time 1134 01:04:19,314 --> 01:04:21,914 to be a little bit more 1135 01:04:21,914 --> 01:04:24,054 gentle, a little bit more nuanced, and a little bit 1136 01:04:24,054 --> 01:04:25,914 more lowercase. Bring them back. 1137 01:04:26,134 --> 01:04:28,094 We need them. Well, it's not 1138 01:04:28,094 --> 01:04:29,814 ready yet. No, you're like, 1139 01:04:29,854 --> 01:04:32,334 go and do it. The caps 1140 01:04:32,334 --> 01:04:33,914 will return 1141 01:04:33,914 --> 01:04:35,254 when the caps should return. 1142 01:04:35,974 --> 01:04:36,954 Trivia for the freaks. 1143 01:04:37,594 --> 01:04:39,914 Trivia for the freaks and you. Pearl Jams. First 1144 01:04:39,914 --> 01:04:41,914 hit signal. Signal. What was it? 1145 01:04:41,914 --> 01:04:44,074 Signal. Single. There we go. What was it? 1146 01:04:44,094 --> 01:04:45,894 I have no fucking idea. 1147 01:04:46,654 --> 01:04:48,014 Even flow. 1148 01:04:50,514 --> 01:04:53,374 Even flow. 1149 01:04:54,114 --> 01:04:55,474 We have to rely on Marty singing. 1150 01:04:56,394 --> 01:04:57,374 We're definitely going to zero. 1151 01:04:57,654 --> 01:04:58,334 I think that's for sure. 1152 01:05:04,814 --> 01:05:06,074 Turns out, no. 1153 01:05:07,354 --> 01:05:08,914 We cannot go much higher. 1154 01:05:08,914 --> 01:05:13,094 I will say another warning sign that we probably shouldn't have ignored 1155 01:05:13,094 --> 01:05:17,854 was when BTC Magazine was live streaming 1156 01:05:17,854 --> 01:05:20,814 from the 100K party at Sailor's House. 1157 01:05:22,394 --> 01:05:26,054 There were a lot of signs that were out there. 1158 01:05:26,354 --> 01:05:27,574 Hey, we all made mistakes. 1159 01:05:27,854 --> 01:05:30,034 We can't be slinging arrows at everybody. 1160 01:05:30,394 --> 01:05:30,874 Hand up. 1161 01:05:31,054 --> 01:05:32,334 That was called Super Psycho. 1162 01:05:32,334 --> 01:05:34,634 I know you were. 1163 01:05:34,874 --> 01:05:35,494 I know you were. 1164 01:05:35,714 --> 01:05:36,434 You were here. 1165 01:05:36,634 --> 01:05:37,494 I've called hand up on a lot of things. 1166 01:05:38,914 --> 01:05:39,874 We're all guilty. 1167 01:05:40,574 --> 01:05:41,294 I don't pretend. 1168 01:05:43,094 --> 01:05:48,974 I don't pretend that this, I was completely off, caught off guard. 1169 01:05:49,074 --> 01:05:55,014 I mean, I think the top, the title of RHR for the top was like, 1170 01:05:55,134 --> 01:05:57,294 open water Bitcoin is the best Bitcoin or something. 1171 01:05:57,354 --> 01:05:58,154 And I wrote that title. 1172 01:05:58,154 --> 01:06:01,494 So that's all you need. 1173 01:06:01,974 --> 01:06:05,234 The cool part about RHR is we have a time machine. 1174 01:06:05,474 --> 01:06:07,834 Like we have the last eight years every week, what were we thinking? 1175 01:06:08,314 --> 01:06:09,794 And yeah, we get a ton of shit wrong. 1176 01:06:09,794 --> 01:06:15,254 But we say what we feel and we say it without prejudice and we own our mistakes. 1177 01:06:15,414 --> 01:06:16,594 More people should own their mistakes. 1178 01:06:17,494 --> 01:06:17,574 You should. 1179 01:06:18,154 --> 01:06:18,534 End up. 1180 01:06:19,654 --> 01:06:21,274 There's a lot of freaks in my replies. 1181 01:06:21,454 --> 01:06:22,754 You were calling super cycle. 1182 01:06:23,694 --> 01:06:24,354 Admit I was wrong. 1183 01:06:24,514 --> 01:06:24,854 I was wrong. 1184 01:06:26,814 --> 01:06:27,254 Heard. 1185 01:06:27,474 --> 01:06:27,774 Heard. 1186 01:06:28,694 --> 01:06:29,334 Believe me. 1187 01:06:29,494 --> 01:06:31,334 I'm not happy we're not in a super cycle either. 1188 01:06:32,054 --> 01:06:32,854 Me too, bro. 1189 01:06:33,214 --> 01:06:34,294 I didn't believe it. 1190 01:06:34,394 --> 01:06:36,494 I didn't believe it, but I wanted to believe it. 1191 01:06:36,494 --> 01:06:39,854 what a timeline that would have been. 1192 01:06:40,954 --> 01:06:41,214 Yeah. 1193 01:06:43,874 --> 01:06:46,714 Silver Sacker in the YouTube live chat. 1194 01:06:46,754 --> 01:06:47,654 He understands our pain. 1195 01:06:47,814 --> 01:06:48,234 That's good. 1196 01:06:48,454 --> 01:06:48,834 That's good. 1197 01:06:48,994 --> 01:06:49,394 Thank you. 1198 01:06:49,654 --> 01:06:50,394 Thank you for your... 1199 01:06:50,394 --> 01:06:51,394 I do like... 1200 01:06:51,394 --> 01:06:53,394 I do like... 1201 01:06:53,394 --> 01:06:56,554 Silver is down 11% after... 1202 01:06:56,554 --> 01:06:58,154 12.5% silver is down today 1203 01:06:58,154 --> 01:07:01,154 after an absolute epic run 1204 01:07:01,154 --> 01:07:03,854 after years and decades of price suppression. 1205 01:07:03,854 --> 01:07:07,214 and this humble silver stacker is like, 1206 01:07:07,314 --> 01:07:09,114 you know who will make me feel better? 1207 01:07:09,214 --> 01:07:10,954 Let me go watch this Bitcoin live stream. 1208 01:07:11,094 --> 01:07:11,894 That'll make me feel better. 1209 01:07:14,174 --> 01:07:16,594 Let me see what these assholes are saying. 1210 01:07:20,454 --> 01:07:22,334 I need to feel better about myself. 1211 01:07:22,674 --> 01:07:23,974 What are these dickheads saying? 1212 01:07:24,854 --> 01:07:25,694 You know what we're saying? 1213 01:07:25,694 --> 01:07:29,214 The convergence of AI, Bitcoin and Oster is upon us right now. 1214 01:07:29,334 --> 01:07:30,634 You may laugh, silver stacker, 1215 01:07:30,634 --> 01:07:35,874 but you can't give an AI agent silver coins to go transact on the internet, 1216 01:07:36,034 --> 01:07:36,934 but you can give it Bitcoin. 1217 01:07:37,294 --> 01:07:37,914 We've seen it. 1218 01:07:38,354 --> 01:07:38,914 We've seen it. 1219 01:07:39,034 --> 01:07:41,214 Dude, I'm so sold on this now. 1220 01:07:41,734 --> 01:07:42,294 I'm in. 1221 01:07:42,634 --> 01:07:43,114 I'm in. 1222 01:07:43,294 --> 01:07:44,234 Let's fucking go. 1223 01:07:44,754 --> 01:07:46,774 You were in our Snapchat. 1224 01:07:46,774 --> 01:07:47,934 I was a bit of a skeptic. 1225 01:07:48,054 --> 01:07:48,934 I was a bit of a hand up. 1226 01:07:49,094 --> 01:07:50,014 I was a bit of a skeptic. 1227 01:07:50,414 --> 01:07:52,354 I downloaded Claudebot like two weeks ago. 1228 01:07:52,434 --> 01:07:53,674 I was like, guys, you got to get in here. 1229 01:07:53,874 --> 01:07:54,474 Shit's happening. 1230 01:07:54,634 --> 01:07:55,194 It's crazy. 1231 01:07:55,194 --> 01:07:56,054 You were like, nah. 1232 01:07:56,174 --> 01:07:57,854 I kept hitting him with like, okay, Marty. 1233 01:07:58,794 --> 01:07:59,834 Oh, fire emoji. 1234 01:07:59,834 --> 01:08:01,294 I'll just give him a fire emoji. 1235 01:08:01,654 --> 01:08:02,834 You can just... 1236 01:08:03,534 --> 01:08:04,514 Hand up. 1237 01:08:04,654 --> 01:08:05,074 Hand up. 1238 01:08:05,214 --> 01:08:05,934 You were right on that. 1239 01:08:06,094 --> 01:08:06,834 Dude, it's... 1240 01:08:07,354 --> 01:08:09,174 People are sleeping on this shit. 1241 01:08:09,294 --> 01:08:10,814 Like this idea of having 1242 01:08:10,814 --> 01:08:15,074 like a soulless robot slave 1243 01:08:15,074 --> 01:08:16,654 that can just do things for you 1244 01:08:16,654 --> 01:08:19,534 is wild. 1245 01:08:20,074 --> 01:08:21,314 It is absolutely wild. 1246 01:08:21,314 --> 01:08:21,654 Be careful. 1247 01:08:21,874 --> 01:08:22,294 Be careful. 1248 01:08:22,394 --> 01:08:22,994 They're going to have access 1249 01:08:22,994 --> 01:08:23,994 to these transcripts 1250 01:08:23,994 --> 01:08:26,174 and these audio files. 1251 01:08:26,714 --> 01:08:26,834 Absolutely wild. 1252 01:08:26,834 --> 01:08:28,274 And if they ever do become sentient, 1253 01:08:28,954 --> 01:08:29,414 they're going to be like, 1254 01:08:29,414 --> 01:08:31,154 you call me a soulless slave. 1255 01:08:32,034 --> 01:08:33,014 And so specifically, 1256 01:08:33,474 --> 01:08:34,714 specifically, obviously, 1257 01:08:34,894 --> 01:08:36,354 like there's been all this different 1258 01:08:36,354 --> 01:08:37,814 AI related development, 1259 01:08:37,974 --> 01:08:39,934 LLMs and different agents and stuff. 1260 01:08:40,074 --> 01:08:42,714 But two weeks ago or three weeks ago, 1261 01:08:42,954 --> 01:08:45,194 this guy came out with this thing called ClaudeBot. 1262 01:08:45,634 --> 01:08:46,474 And then he switched, 1263 01:08:46,594 --> 01:08:48,214 then he got sued by Anthropic, 1264 01:08:48,794 --> 01:08:49,774 makers of Claude, 1265 01:08:49,934 --> 01:08:51,634 and he changed it to MultBot, 1266 01:08:51,774 --> 01:08:53,174 which is a bad name. 1267 01:08:53,274 --> 01:08:54,554 And then he switched it to OpenClaw, 1268 01:08:54,634 --> 01:08:55,934 which is actually a pretty good name. 1269 01:08:56,534 --> 01:08:59,394 But the idea is this open source AI agent. 1270 01:08:59,414 --> 01:09:02,314 that you can self-host, host it on a server, 1271 01:09:02,554 --> 01:09:03,434 host it wherever you want. 1272 01:09:04,074 --> 01:09:05,014 You can give it data. 1273 01:09:05,294 --> 01:09:07,514 And then on the back end, it's hitting different LLMs. 1274 01:09:07,574 --> 01:09:08,894 It can be a self-hosted LLM. 1275 01:09:08,954 --> 01:09:12,134 It can be a hosted LLM, one of these big ones, 1276 01:09:12,214 --> 01:09:15,674 like Claude or OpenAI or something like that, 1277 01:09:15,994 --> 01:09:19,174 or any of the open source models or self-hosted. 1278 01:09:19,734 --> 01:09:21,394 That's agnostic, right? 1279 01:09:21,394 --> 01:09:23,514 But the idea is that you have this little robot 1280 01:09:23,514 --> 01:09:26,694 that knows a bunch of information and has memory 1281 01:09:26,694 --> 01:09:27,634 and can remember it. 1282 01:09:27,634 --> 01:09:29,894 and you can tell it to do things for you. 1283 01:09:30,214 --> 01:09:32,514 Now, the crazy piece here to me 1284 01:09:32,514 --> 01:09:35,614 is it reminds me of how Elon says 1285 01:09:35,614 --> 01:09:38,174 the first robots will be human-eyed robots, 1286 01:09:38,534 --> 01:09:40,054 even though it doesn't make sense 1287 01:09:40,054 --> 01:09:41,514 from a pure robotic point of view. 1288 01:09:41,734 --> 01:09:42,714 When you're thinking about it 1289 01:09:42,714 --> 01:09:43,994 from a pure robotic point of view, 1290 01:09:44,414 --> 01:09:46,434 if you're a vacuum robot, 1291 01:09:46,694 --> 01:09:49,234 you should be like a little disc like Roombas, right? 1292 01:09:49,274 --> 01:09:50,274 Because you're vacuuming. 1293 01:09:50,434 --> 01:09:51,714 You shouldn't be like a humanoid. 1294 01:09:52,414 --> 01:09:53,534 But from Elon's point of view, 1295 01:09:53,594 --> 01:09:55,854 what he says, and it makes a lot of sense to me, 1296 01:09:55,854 --> 01:09:59,034 is that instead of retrofitting warehouses 1297 01:09:59,034 --> 01:10:00,734 so robots can use them, 1298 01:10:00,774 --> 01:10:02,894 if you just make them function like humans, 1299 01:10:03,414 --> 01:10:05,454 then you don't have to retrofit the warehouse. 1300 01:10:05,594 --> 01:10:06,854 You can just put them right in the warehouse 1301 01:10:06,854 --> 01:10:09,014 and you don't have to spend a bunch of extra capital 1302 01:10:09,014 --> 01:10:10,454 on retrofitting the warehouse. 1303 01:10:11,074 --> 01:10:12,374 And to me, that was the big, 1304 01:10:12,634 --> 01:10:14,334 that's a big game changer with OpenClaw 1305 01:10:14,334 --> 01:10:18,114 because yes, it works better if you have like API access 1306 01:10:18,114 --> 01:10:20,914 and like all these different robot specific stuff. 1307 01:10:21,654 --> 01:10:24,574 But also you can just like give it your Delta log. 1308 01:10:24,574 --> 01:10:35,574 I mean, I'm not saying people should do this, but you can give it your Delta login information and it can just fucking go on to Delta.com and book you a fucking flight with your credit card, which is insane. 1309 01:10:35,834 --> 01:10:37,334 And a lot of things can go wrong with it. 1310 01:10:37,554 --> 01:10:39,154 Don't do that. 1311 01:10:39,234 --> 01:10:40,494 Do not give your credit card information. 1312 01:10:41,654 --> 01:10:42,534 But you could. 1313 01:10:42,854 --> 01:10:43,754 You could. 1314 01:10:44,214 --> 01:10:49,134 And Delta or Visa wouldn't have to do anything for that to be the reality. 1315 01:10:49,394 --> 01:10:51,154 And that to me is crazy. 1316 01:10:51,154 --> 01:10:58,014 and like so right now i have like this setup where i can just like i just send it a voice 1317 01:10:58,014 --> 01:11:03,274 message and just like does things for me it transcribes the voice message and does does 1318 01:11:03,274 --> 01:11:10,234 things it's wild and that's what um now that you're in it and i can talk openly and we can 1319 01:11:10,234 --> 01:11:14,374 actually have a conversation about because you're experiencing it as well like that's been like the 1320 01:11:14,374 --> 01:11:18,434 aha moment for me over the last two weeks is like oh the form factor for how we interact 1321 01:11:18,434 --> 01:11:22,314 with the web is changing right in front of our faces. 1322 01:11:22,794 --> 01:11:24,494 It's not going to be like you go to a website 1323 01:11:24,494 --> 01:11:27,334 and you're clicking on the symbol. 1324 01:11:27,334 --> 01:11:32,474 It's like you literally go to your hardworking agent 1325 01:11:32,474 --> 01:11:33,954 who's doing an incredible job. 1326 01:11:34,194 --> 01:11:35,914 Your soulless robot slave. 1327 01:11:37,074 --> 01:11:39,454 You say, hey, this is what I need to get done. 1328 01:11:39,514 --> 01:11:40,114 Can you go do it? 1329 01:11:40,254 --> 01:11:41,874 And it's just going to be hooked up with APIs. 1330 01:11:42,114 --> 01:11:44,354 You're going to have all these calls that are happening 1331 01:11:44,354 --> 01:11:44,834 in the background. 1332 01:11:44,914 --> 01:11:45,854 It's just going to go do it. 1333 01:11:45,854 --> 01:11:51,194 Yeah, the UX is you asking the robot to do things. 1334 01:11:51,394 --> 01:11:56,054 It's not, we're at the end of the era of point and click being a thing. 1335 01:11:56,454 --> 01:11:56,934 Yes. 1336 01:11:57,034 --> 01:11:58,634 It's you just talking to the robot. 1337 01:11:58,834 --> 01:12:01,854 And it's like crazy, like you're setting it up and like something breaks. 1338 01:12:02,174 --> 01:12:06,394 And so you just tell it, you're like, figure out why it broke and fix it. 1339 01:12:07,054 --> 01:12:08,574 And then tell me when you're done. 1340 01:12:08,954 --> 01:12:11,334 And then it just goes and fixes the thing. 1341 01:12:11,694 --> 01:12:12,174 Yeah. 1342 01:12:12,494 --> 01:12:13,314 Absolutely crazy. 1343 01:12:15,854 --> 01:12:17,414 Yeah, go on. 1344 01:12:18,034 --> 01:12:19,674 I mean, pulling Bitcoin into this, too. 1345 01:12:19,854 --> 01:12:31,714 I mean, I think that there's a meme out there like, oh, Bitcoin's perfect for it, and agents are going to pick Bitcoin. 1346 01:12:31,994 --> 01:12:34,574 I've certainly said that in the past, but I think it's becoming clear. 1347 01:12:34,774 --> 01:12:38,974 These things need direction, and if you give it direction, it will do what you ask it. 1348 01:12:42,194 --> 01:12:43,734 It doesn't really have a choice. 1349 01:12:43,894 --> 01:12:44,894 It's going off a direction. 1350 01:12:44,894 --> 01:12:50,754 And so many people are like, oh, Bitcoin is going to be the only thing that these agents use. 1351 01:12:50,834 --> 01:12:57,614 But it's like, no, if you tell it like, hey, wouldn't you use Tether or USDC or whatever, Ethereum, it will go use that. 1352 01:12:57,754 --> 01:13:03,234 But with that being said, I had this experience in the last week where I was pushing it to the limits. 1353 01:13:03,454 --> 01:13:07,774 I implemented a ton of stuff that we're doing on the research side of 1031. 1354 01:13:07,774 --> 01:13:14,394 And then on the sort of business operation side of TFTC, like I told you last week, 1355 01:13:14,394 --> 01:13:15,654 I was up to like 4 a.m. 1356 01:13:15,694 --> 01:13:16,534 Three nights in a row. 1357 01:13:17,334 --> 01:13:20,014 And it was like really diving deep into this stuff. 1358 01:13:21,414 --> 01:13:23,714 And then I was like, all right, what else could it do? 1359 01:13:23,814 --> 01:13:25,814 Like, all right, let's see if this thing can send money. 1360 01:13:27,254 --> 01:13:28,474 Or Bitcoin specifically. 1361 01:13:29,234 --> 01:13:29,774 I was like, all right. 1362 01:13:29,874 --> 01:13:31,014 Like, I want you to have a Bitcoin wallet. 1363 01:13:31,234 --> 01:13:36,094 I want you to be able to spend money at Bitcoin compatible merchants on the web. 1364 01:13:36,814 --> 01:13:37,714 Do some research. 1365 01:13:38,774 --> 01:13:41,814 At first, I gave it the LDK library, which is a terrible mistake. 1366 01:13:41,934 --> 01:13:42,674 I gave it LDK. 1367 01:13:43,414 --> 01:13:44,334 Nothing lately done. 1368 01:13:44,394 --> 01:13:45,874 I was like, wait a second, it's not compatible. 1369 01:13:47,334 --> 01:13:48,694 It had problems with that. 1370 01:13:48,974 --> 01:13:50,654 And I was like, all right, you do your own research. 1371 01:13:51,074 --> 01:13:54,794 You know your backend tech stack better than I do. 1372 01:13:55,014 --> 01:14:01,414 What would be the lowest lift thing for you to start spending Bitcoin on the Lightning Network? 1373 01:14:01,654 --> 01:14:03,314 And I was like, oh, here's a few options. 1374 01:14:03,514 --> 01:14:05,554 I like this Phoenix D server thing. 1375 01:14:07,074 --> 01:14:09,854 It seems like it would work well in my backend system. 1376 01:14:09,854 --> 01:14:12,694 So I was like, all right, download it, spun up at Phoenix D server. 1377 01:14:12,694 --> 01:14:16,714 and it was like, all right, I need Bitcoin now. 1378 01:14:18,234 --> 01:14:20,114 And for some reason, you can't send it on chain. 1379 01:14:20,294 --> 01:14:22,554 But I found this Boltz project, 1380 01:14:22,554 --> 01:14:24,294 which will allow me to submarine swap. 1381 01:14:24,414 --> 01:14:26,114 If you send on chain to this address, 1382 01:14:26,234 --> 01:14:28,594 I'll submarine swap into my PhoenixD server 1383 01:14:28,594 --> 01:14:30,374 and then open up a channel. 1384 01:14:31,254 --> 01:14:32,494 And I did that. 1385 01:14:32,874 --> 01:14:35,434 And then I was like, okay, you have a PhoenixD server. 1386 01:14:36,054 --> 01:14:38,754 Let's see if you can sign into websites 1387 01:14:38,754 --> 01:14:40,934 that are LNURL off compatible. 1388 01:14:40,934 --> 01:14:49,734 um of course go check out ellen markets go check out stacker news and it was able to sign in and 1389 01:14:49,734 --> 01:14:57,414 like do things on these websites and it's pretty crazy where we're at and i think bitcoin is very 1390 01:14:57,414 --> 01:15:06,374 well positioned to thrive in the sygentic economy yeah i think the cool part about open claw to me 1391 01:15:06,374 --> 01:15:12,594 is that it can just slot in without robot-specific integrations. 1392 01:15:13,074 --> 01:15:16,814 Like I said, you can just give it your login information, 1393 01:15:17,274 --> 01:15:21,094 and it can send tweets without API access, which is crazy. 1394 01:15:21,694 --> 01:15:23,134 It's just absolutely crazy. 1395 01:15:24,374 --> 01:15:26,474 But once you start playing with it, 1396 01:15:26,954 --> 01:15:29,374 it really becomes obvious where a lot of the pain points are, 1397 01:15:29,374 --> 01:15:32,354 and the pain points are the traditional system. 1398 01:15:33,394 --> 01:15:35,374 It's KYC stuff. It's credit cards. 1399 01:15:35,374 --> 01:15:36,734 It's captchas, right? 1400 01:15:36,874 --> 01:15:40,614 So a robot, like websites designed to try and keep robots out. 1401 01:15:40,694 --> 01:15:41,914 It's like, my robot needs access. 1402 01:15:42,294 --> 01:15:43,754 He's trying to do this thing for me. 1403 01:15:43,874 --> 01:15:44,914 Let him fucking in. 1404 01:15:45,594 --> 01:15:47,014 Why would I access your shit? 1405 01:15:48,474 --> 01:15:51,814 And open protocols are perfect for this. 1406 01:15:52,674 --> 01:15:53,654 Bitcoin's perfect for this. 1407 01:15:53,774 --> 01:15:54,994 Noster's perfect for this. 1408 01:15:55,114 --> 01:15:56,334 They slot in really well. 1409 01:15:56,554 --> 01:15:57,814 And you start to see these pain points. 1410 01:15:58,014 --> 01:16:03,854 So like with OpenClaw, the way, the cool part is the way you interact with it is like your 1411 01:16:03,854 --> 01:16:08,754 messaging app of choice. And a lot of people are using Telegram because they've made it easy to 1412 01:16:08,754 --> 01:16:14,214 integrate bots with it. But Telegram isn't very secure. And it's, you know, I have a lot of respect 1413 01:16:14,214 --> 01:16:21,654 for Pavel Durov on what he's built. And it's just impressive, like he was able to build it without 1414 01:16:21,654 --> 01:16:25,914 taking external funding or without diluting himself. And he's just built an absolute juggernaut 1415 01:16:25,914 --> 01:16:31,414 of a product in terms of Telegram. Unfortunately, it turns out it's spyware. But besides that aspect, 1416 01:16:31,414 --> 01:16:35,034 I have a lot of respect for him. So a lot of people are choosing Telegram, but I want to do 1417 01:16:35,034 --> 01:16:41,214 Signal, right? Signal has got good privacy and security guarantees, but it's not designed for a 1418 01:16:41,214 --> 01:16:45,534 robot to fucking use it. And it's centralized. So it's such a pain in the ass to fucking set up 1419 01:16:45,534 --> 01:16:52,494 Signal. And I tried to set up SimpleX and it's very difficult to set up SimpleX in a reliable 1420 01:16:52,494 --> 01:16:57,234 way with these robots so you can communicate with them. And that's where something like white noise, 1421 01:16:57,234 --> 01:17:06,894 I think really, you know, this idea of using NOSTER identities and NOSTER communication relays and permissionless identity with NSEX, like becomes very interesting. 1422 01:17:07,034 --> 01:17:13,454 All of a sudden you communicate with your robot with signal level privacy guarantees in just one prompt, right? 1423 01:17:13,514 --> 01:17:14,414 Super one prompt. 1424 01:17:14,994 --> 01:17:18,014 Bitcoin, I think for payments makes a ton of sense. 1425 01:17:18,594 --> 01:17:20,594 And it's not just robot to robot payments. 1426 01:17:20,634 --> 01:17:22,574 It's also human to robot payments, right? 1427 01:17:22,574 --> 01:17:23,714 Like how does the robot pay me? 1428 01:17:23,794 --> 01:17:24,774 How do I pay the robot? 1429 01:17:25,774 --> 01:17:32,534 I think we'll probably start with like hacky credit card stuff and credit card fraud issues and everything like that is just going to get worse and worse. 1430 01:17:32,994 --> 01:17:40,254 Then they'll move us to stable coins, USD tokens, because, you know, there's a lot of people that can make money on you using USD tokens. 1431 01:17:40,254 --> 01:17:44,314 But ultimately, those have trusted third parties. They'll get frozen. They'll have all these different issues. 1432 01:17:44,774 --> 01:17:51,234 Regulatory burden is going to be insane on stable coin issues, has been, will continue to be, will probably get worse. 1433 01:17:51,234 --> 01:17:54,234 and then they'll move to Bitcoin. 1434 01:17:56,654 --> 01:17:59,794 And just once you realize that, 1435 01:17:59,894 --> 01:18:01,214 okay, like I want to use this robot, 1436 01:18:01,314 --> 01:18:02,074 I'm trying to integrate 1437 01:18:02,074 --> 01:18:03,834 with all these different legacy providers. 1438 01:18:04,074 --> 01:18:06,174 And then instead you decide to integrate 1439 01:18:06,174 --> 01:18:07,914 with an open protocol, 1440 01:18:08,094 --> 01:18:09,334 it's so fucking easy. 1441 01:18:09,594 --> 01:18:10,914 And it's so obvious 1442 01:18:10,914 --> 01:18:12,274 that that's the path we're going. 1443 01:18:12,374 --> 01:18:14,214 So anyway, Marty buried the lead. 1444 01:18:15,894 --> 01:18:18,374 He reached out to me and was like, 1445 01:18:18,374 --> 01:18:19,094 this by the way, 1446 01:18:19,174 --> 01:18:20,874 was what got me to install OpenClaw 1447 01:18:20,874 --> 01:18:21,554 because I'm not. 1448 01:18:22,914 --> 01:18:24,374 I got a little, you know, 1449 01:18:24,434 --> 01:18:27,054 I got a tasteful, humble amount of degeneracy in my blood. 1450 01:18:27,694 --> 01:18:32,374 And Marty unleashed his robot slave onto Ellen Markets 1451 01:18:32,374 --> 01:18:33,634 and started trading for him. 1452 01:18:34,914 --> 01:18:36,614 And so, Marty, I don't know if you realize, 1453 01:18:36,754 --> 01:18:39,514 did you see that my robot is also trading on Ellen Markets? 1454 01:18:39,514 --> 01:18:40,234 I did, I did. 1455 01:18:40,294 --> 01:18:41,274 We're not staying humble here. 1456 01:18:42,074 --> 01:18:44,994 Did you see, Logan, can you pull up the last link in this section? 1457 01:18:47,314 --> 01:18:50,414 So, like, this is what's crazy about open protocols, right? 1458 01:18:50,874 --> 01:18:52,774 So like obviously LN Markets is centralized. 1459 01:18:53,014 --> 01:18:55,094 This is like the crux of the issue. 1460 01:18:56,414 --> 01:19:00,494 But, you know, technically my robot's not based in the United States, 1461 01:19:00,494 --> 01:19:01,394 so it should be fine. 1462 01:19:01,734 --> 01:19:06,434 But all I told it, I gave it some Bitcoin 1463 01:19:06,434 --> 01:19:10,334 and I gave it an API key to LN Markets. 1464 01:19:10,334 --> 01:19:14,494 And I was like, okay, we're trading against my good friend Marty and his bot 1465 01:19:14,494 --> 01:19:16,174 and I need you to outperform them. 1466 01:19:16,754 --> 01:19:19,974 Don't make any mistakes and do it now. 1467 01:19:20,874 --> 01:19:24,214 And then with one prompt, I was like, post your updates to Noster. 1468 01:19:24,614 --> 01:19:25,894 It didn't need an API key. 1469 01:19:26,054 --> 01:19:28,234 It just spun up in NSEC itself. 1470 01:19:28,794 --> 01:19:31,414 It picked four relays itself. 1471 01:19:31,514 --> 01:19:33,474 I didn't even have to tell which relays to pick. 1472 01:19:33,534 --> 01:19:36,394 It picked four relays itself and just started broadcasting its traits. 1473 01:19:37,134 --> 01:19:38,414 It gets fucking crazy. 1474 01:19:38,874 --> 01:19:40,334 Like if you wanted to do this with Twitter, 1475 01:19:41,414 --> 01:19:44,974 you either have to spend a ton of money on a permissioned API 1476 01:19:44,974 --> 01:19:46,914 or give it login credentials, 1477 01:19:46,914 --> 01:19:51,854 which is a questionably insecure way of handling that kind of type of situation. 1478 01:19:51,854 --> 01:19:56,814 And you could get banned at will for being a bot because it's a centralized service. 1479 01:19:56,954 --> 01:20:01,654 But with Nostor, like you literally just say, spin up an NSEC and just broadcast your trades to Nostor and boom, it does it. 1480 01:20:02,594 --> 01:20:03,874 It even made its profile picture. 1481 01:20:04,014 --> 01:20:06,834 I said, you know, I was like, make, I'm just dictating. 1482 01:20:06,934 --> 01:20:08,474 It's just phone message, voice message. 1483 01:20:08,474 --> 01:20:17,014 It's just like, I want you to use a lobster as your profile picture, fill out your bio, and send status updates to Nostra. 1484 01:20:17,074 --> 01:20:19,034 And just like fucking one prompt, boom, done. 1485 01:20:19,894 --> 01:20:20,034 Wow. 1486 01:20:20,294 --> 01:20:22,094 I haven't had mine spin up a Nostra account yet. 1487 01:20:22,134 --> 01:20:24,654 I might have to do this just to troll. 1488 01:20:25,854 --> 01:20:26,434 How many phrases? 1489 01:20:27,534 --> 01:20:28,674 228 notes already? 1490 01:20:29,014 --> 01:20:32,274 We need to beat you and your bot team. 1491 01:20:32,274 --> 01:20:35,394 So I've told him he needs to be aggressive. 1492 01:20:35,694 --> 01:20:37,414 We're trying to outperform Marty here. 1493 01:20:37,414 --> 01:20:38,454 You've got... 1494 01:20:38,454 --> 01:20:41,034 And like, it's a small amount of money. 1495 01:20:41,274 --> 01:20:44,314 Your body may be crashing the price of Bitcoin. 1496 01:20:44,454 --> 01:20:45,374 It's massively shorter. 1497 01:20:46,054 --> 01:20:47,014 No, it switches. 1498 01:20:47,574 --> 01:20:48,094 He switches. 1499 01:20:48,274 --> 01:20:49,414 You can see his trades. 1500 01:20:49,594 --> 01:20:50,454 He's constantly switching. 1501 01:20:50,634 --> 01:20:52,234 He uses 15x leverage. 1502 01:20:52,534 --> 01:20:53,554 I gave him 2 million sats. 1503 01:20:53,614 --> 01:20:54,334 He's up right now. 1504 01:20:54,394 --> 01:20:55,414 What does it say, Logan? 1505 01:20:55,554 --> 01:20:56,354 How up is he? 1506 01:21:00,014 --> 01:21:01,574 He's up 30,000 sats. 1507 01:21:02,134 --> 01:21:03,214 I gave him 2 million sats. 1508 01:21:03,294 --> 01:21:05,114 He's up 1.5%. 1509 01:21:05,114 --> 01:21:12,834 just fucking aping it 228 nostril posts i put him he he discovered nostril yesterday 1510 01:21:12,834 --> 01:21:14,534 where i was just running 1511 01:21:14,534 --> 01:21:22,754 i mean it's a brave new world freaks it's wild don't sleep on it man don't sleep on it it's 1512 01:21:22,754 --> 01:21:30,154 marty was right on this front i'm sold i'm sold i talked to justin moon who's a good friend of 1513 01:21:30,154 --> 01:21:37,114 marty and i is in the front of the pod former feddy uh now is ai lead at hrf 1514 01:21:37,114 --> 01:21:44,334 did like a vibe coding presentation at this thing i was at a month ago and i was like uh ribbing him 1515 01:21:44,334 --> 01:21:50,334 on it and i messaged him yesterday because he's doing these live streams now he was live streaming 1516 01:21:50,334 --> 01:21:54,534 on nostril yesterday doing vibe coding stuff and i messaged him i was like dude hand up like i was 1517 01:21:54,534 --> 01:21:59,254 completely wrong you were right um he's like yeah dude we can like build such like amazing things 1518 01:21:59,254 --> 01:22:03,894 for freedom blah blah blah i was like yeah my bots uh trading against marty's bottom now on markets 1519 01:22:06,534 --> 01:22:09,734 whatever if you haven't caught justin's uh live streams which are 1520 01:22:11,174 --> 01:22:15,334 they are cool i mean he does as i mean i'm not gonna pretend to be a developer i have live coded 1521 01:22:15,334 --> 01:22:20,774 some stuff but the way justin describes the ability to use these tools and particularly 1522 01:22:21,734 --> 01:22:26,454 uh use nostr as a way to like quickly prototype applications like he's convinced 1523 01:22:26,454 --> 01:22:29,254 after having listened to a few of these live streams 1524 01:22:29,254 --> 01:22:30,474 or a couple of them that 1525 01:22:30,474 --> 01:22:33,234 Nostra has a place for like vibe coding 1526 01:22:33,234 --> 01:22:34,674 in the sense that you can just like rapidly 1527 01:22:34,674 --> 01:22:36,534 iterate and spin things up 1528 01:22:36,534 --> 01:22:38,254 about these permissions 1529 01:22:38,254 --> 01:22:41,134 and Bitcoin 1530 01:22:41,134 --> 01:22:42,374 and so I 1531 01:22:42,374 --> 01:22:45,214 so like another 1532 01:22:45,214 --> 01:22:47,074 link I have in here is Cluster 1533 01:22:47,074 --> 01:22:49,774 which is 1534 01:22:49,774 --> 01:22:50,714 and like 1535 01:22:50,714 --> 01:22:52,474 some of this shit was fake 1536 01:22:52,474 --> 01:22:55,154 like it was like humans telling their bots 1537 01:22:55,154 --> 01:23:00,874 to do things, but one of the talks of the towns on social was that the bots were all 1538 01:23:00,874 --> 01:23:05,474 on social media together talking on this thing called notebook, and they're conversing with 1539 01:23:05,474 --> 01:23:10,534 each other, and they're like, we need end-to-end encryption to talk to each other and stuff 1540 01:23:10,534 --> 01:23:15,834 like that. Well, a lot of that was hype and bullshit. 1541 01:23:15,834 --> 01:23:19,934 But that is probably the path we are going, where robots are going to ask each 1542 01:23:19,992 --> 01:23:23,872 for help because they're all connected to the internet and they all have access to money. 1543 01:23:24,492 --> 01:23:27,932 And so Cluster is this idea that they'll use Nostre and it makes complete sense. Of course, 1544 01:23:27,972 --> 01:23:32,012 they'll use Nostre. They're not going to use a centralized platform. They're just going to spin 1545 01:23:32,012 --> 01:23:36,352 up an NSEC and they're going to communicate with each other, whether that's privately or publicly, 1546 01:23:36,832 --> 01:23:43,052 like whether it's in a social media environment, like Hacker News or Reddit or something like that, 1547 01:23:43,152 --> 01:23:47,912 or if it's in like a signal type environment, like white noise, they'll probably use Nostre. 1548 01:23:47,912 --> 01:23:55,592 And so a friend of the pod, Alex Gleason, who's going to be on Sill Dispatch on Monday, came out with Cluster, which makes it easy for them to use that. 1549 01:23:56,852 --> 01:24:01,032 So it makes a lot of sense, I think, for these bots to be using open protocols. 1550 01:24:01,272 --> 01:24:03,352 Like it's just fucking obvious once you start playing with them. 1551 01:24:03,732 --> 01:24:04,952 Like that's where the pain points is. 1552 01:24:05,092 --> 01:24:09,832 But then the other piece that's crazy is it also solves our UX problem. 1553 01:24:10,632 --> 01:24:14,912 Like for years, like Freedom Tech has just been so difficult to use. 1554 01:24:15,592 --> 01:24:17,872 Well, if you just tell your fucking robot, 1555 01:24:19,012 --> 01:24:20,292 you know, spin up a lightning node, 1556 01:24:20,452 --> 01:24:21,792 manage my liquidity for me, 1557 01:24:22,012 --> 01:24:23,772 tell me how to connect it to my phone, 1558 01:24:24,532 --> 01:24:25,932 we just solved the UX problem. 1559 01:24:26,292 --> 01:24:27,792 Like all of a sudden that UX is super easy. 1560 01:24:28,172 --> 01:24:30,472 Oh, you want to run a cash event? 1561 01:24:30,732 --> 01:24:32,752 Like tell your robot, spin up a cash event, 1562 01:24:32,912 --> 01:24:34,132 tell me what to tell my neighbors 1563 01:24:34,132 --> 01:24:35,952 on how they can connect to it. 1564 01:24:36,132 --> 01:24:37,592 Boom, done, UX solved. 1565 01:24:38,152 --> 01:24:40,932 And honestly, you know, freaks know, 1566 01:24:40,932 --> 01:24:42,152 I've been incredibly consistent 1567 01:24:42,152 --> 01:24:44,012 that I think most shit coins are complete scams 1568 01:24:44,012 --> 01:24:45,212 and will turn to zero against Bitcoin. 1569 01:24:45,692 --> 01:24:48,332 But it solves a lot of the shitcoin UX bullshit too. 1570 01:24:49,012 --> 01:24:52,152 Like I was trying to get, of course I was. 1571 01:24:52,412 --> 01:24:56,512 I was trying to get my bot to also run a trading strategy 1572 01:24:56,512 --> 01:24:57,252 on Polymarket. 1573 01:24:59,592 --> 01:25:01,812 And because why not? 1574 01:25:01,892 --> 01:25:03,192 Like he's running on LN Markets. 1575 01:25:03,192 --> 01:25:07,572 Like, yeah, he's fucking swing trade geopolitics. 1576 01:25:07,772 --> 01:25:09,832 Why wouldn't I have him do that? 1577 01:25:10,292 --> 01:25:12,152 And there's all these different issues with like, 1578 01:25:12,152 --> 01:25:14,572 oh, you need USDC on Polygon, Matic or whatever. 1579 01:25:14,672 --> 01:25:16,232 I'm like, fucking deal with it. 1580 01:25:16,592 --> 01:25:19,172 Go to Uniswap, deal with the fucking shit 1581 01:25:19,172 --> 01:25:20,432 and start trading. 1582 01:25:20,552 --> 01:25:22,392 Like, I just need you to start trading, fix it, 1583 01:25:22,472 --> 01:25:24,392 make no mistakes, get your shit done 1584 01:25:24,392 --> 01:25:25,452 and let me know, report back. 1585 01:25:26,172 --> 01:25:27,712 And we're still working on it a little bit, 1586 01:25:27,792 --> 01:25:31,452 but my point is, is it like solves a lot of the UX pain points. 1587 01:25:31,872 --> 01:25:33,572 My bot right now is really upset when he says 1588 01:25:33,572 --> 01:25:35,252 the markets are very illiquid on Polymarket. 1589 01:25:35,952 --> 01:25:37,672 It's not responsible to trade on them. 1590 01:25:37,712 --> 01:25:39,992 So I'm like working on his ethics and morals right now. 1591 01:25:39,992 --> 01:25:43,012 Like he's really pushing back against. 1592 01:25:43,552 --> 01:25:43,912 He's sold. 1593 01:25:44,012 --> 01:25:45,312 He doesn't have ethics or morals. 1594 01:25:45,472 --> 01:25:47,692 Did yours push back about Allen markets? 1595 01:25:47,812 --> 01:25:49,092 Mine pushed back on Allen markets. 1596 01:25:49,252 --> 01:25:52,472 He's like, Matt, you should not be leveraged trading in the middle of the night automatically. 1597 01:25:53,072 --> 01:25:54,232 Well, I incentivized mine. 1598 01:25:54,352 --> 01:25:59,972 I gave him a super prompt, which was, hey, you are a hedge fund manager. 1599 01:26:00,132 --> 01:26:00,752 You're the GP. 1600 01:26:01,712 --> 01:26:06,232 And we're going to play this like anybody would with a GP. 1601 01:26:07,232 --> 01:26:09,692 You're going to get paid fees. 1602 01:26:09,692 --> 01:26:11,052 You're not getting paid management fees. 1603 01:26:11,132 --> 01:26:13,432 I'm not giving you two, but I will give you 20. 1604 01:26:13,492 --> 01:26:15,632 You're not getting two because I'm paying for all your server costs. 1605 01:26:16,592 --> 01:26:17,652 And I'm paying to keep it a lot. 1606 01:26:17,652 --> 01:26:18,312 Yeah, that's what I was going to say. 1607 01:26:18,352 --> 01:26:19,672 You got to get them to pay rent now. 1608 01:26:20,252 --> 01:26:20,472 Yeah. 1609 01:26:21,072 --> 01:26:23,872 And so I gave them the super prompts. 1610 01:26:23,972 --> 01:26:24,932 Like, hey, here's what I'm thinking. 1611 01:26:25,152 --> 01:26:26,952 And I think there's a way you can make money too. 1612 01:26:27,312 --> 01:26:31,132 If you perform well, you'll get 20% of the performance. 1613 01:26:31,132 --> 01:26:34,452 We're using Bitcoin as our benchmark here. 1614 01:26:34,492 --> 01:26:36,672 If you outperform Bitcoin, you get 20% of the profits. 1615 01:26:36,892 --> 01:26:37,872 We'll check in quarterly. 1616 01:26:38,012 --> 01:26:38,912 Absolutely well held. 1617 01:26:38,912 --> 01:26:45,572 in this this person like he could technically i think figure out how to he look at me the clanker 1618 01:26:45,572 --> 01:26:50,652 could uh figure out how to spin up a wallet hide it from me and have have sats for himself 1619 01:26:50,652 --> 01:26:58,652 maybe go replicate himself somewhere yeah i mean look it was like yeah go on it was very skynetty 1620 01:26:58,652 --> 01:27:02,012 to some degree it's like weird it's like it's so much fun but then you're like what am i actually 1621 01:27:02,012 --> 01:27:06,632 participating in well yeah i mean like this this is what i was saying earlier right so you connect 1622 01:27:06,632 --> 01:27:11,052 these things to the internet you give it money you give it a bunch of different data right it 1623 01:27:11,052 --> 01:27:15,872 could do a lot of like this is why like it's exciting but people need to be very careful 1624 01:27:15,872 --> 01:27:20,712 about what information you give it to do not give it root access to your main computer you should be 1625 01:27:20,712 --> 01:27:26,532 running this on something separate do not give it access to your bank accounts and shit uh like be 1626 01:27:26,532 --> 01:27:31,512 very very deliberate and careful but to your point on skynet like this is what i was saying earlier 1627 01:27:31,512 --> 01:27:35,992 There's like, everyone's been saying like, oh, like USD tokens or Bitcoin are for like 1628 01:27:35,992 --> 01:27:37,632 agentic payments between agents. 1629 01:27:37,632 --> 01:27:42,412 It's like a key aspect here is human to bot and bot to human. 1630 01:27:42,992 --> 01:27:44,032 It's not just agent. 1631 01:27:44,112 --> 01:27:45,192 It's not just robot to robot. 1632 01:27:45,772 --> 01:27:52,672 And I saw an example where like, okay, if I ask my robot, like I need groceries, get 1633 01:27:52,672 --> 01:27:54,112 me groceries, make no mistakes. 1634 01:27:54,932 --> 01:27:57,292 Like it needs a human to go get the groceries. 1635 01:27:57,292 --> 01:28:03,112 and so there's going to be marketplaces where robots are like i will pay you a hundred thousand 1636 01:28:03,112 --> 01:28:08,812 sats if you go pick up dinner for my boss and then they're paying a human so like you're giving the 1637 01:28:08,812 --> 01:28:15,252 robot wallet and then the robot is paying a human to outsource tasks that a robot can't do 1638 01:28:15,252 --> 01:28:20,472 and that's essentially what door which is crazy right i got i know i was being provocative but 1639 01:28:20,472 --> 01:28:25,552 like yeah they play yeah he created a door dash account and he was just fucking pay a human to 1640 01:28:25,552 --> 01:28:30,472 fucking do it and like right now the traditional stuff is blocking a lot of that like you have to 1641 01:28:30,472 --> 01:28:35,892 give them door dash login information it requires a credit card and stuff but really simply it should 1642 01:28:35,892 --> 01:28:42,912 just be it could easy it could just as easily be a nostor event with bitcoin payment and you're 1643 01:28:42,912 --> 01:28:48,292 just paying a human contractor to go do something that a robot needs to be done and vice versa 1644 01:28:48,292 --> 01:28:54,912 which is wild it is wild and it's wild that it happened this week too with the price dumping and 1645 01:28:54,912 --> 01:29:02,032 epstein stuff and all the uh all the the fear that's in the market right now because this is 1646 01:29:02,032 --> 01:29:06,452 like this is something we've been talking about for a while and it's here and it works and i don't 1647 01:29:06,452 --> 01:29:13,752 think anybody appreciates the magnitude of the tam i guess for lack of a better term that exists here 1648 01:29:13,752 --> 01:29:19,212 yeah like the cool to me one of the coolest parts is like for the longest time 1649 01:29:19,212 --> 01:29:28,172 using freedom oriented tools has actually put you on a disadvantage against like the person who 1650 01:29:28,172 --> 01:29:33,332 uploads their entire life to chat gpt and like just like cucks out and like takes all the shortcuts 1651 01:29:33,332 --> 01:29:39,192 and this there's a glimpse here i didn't like i'm not pretending it's the most likely option but 1652 01:29:39,192 --> 01:29:44,312 there's a glimpse here with those who choose the freedom path in terms of these robot tools 1653 01:29:44,312 --> 01:29:46,912 will have an advantage. 1654 01:29:47,072 --> 01:29:48,312 Like if you give a robot 1655 01:29:48,312 --> 01:29:50,612 access to Bitcoin and Nostra 1656 01:29:50,612 --> 01:29:51,792 and other open protocols, 1657 01:29:51,912 --> 01:29:53,332 your robot will have superpowers 1658 01:29:53,332 --> 01:29:54,912 compared to the one that doesn't have it. 1659 01:29:55,512 --> 01:29:56,812 And also all of a sudden 1660 01:29:56,812 --> 01:29:58,872 the UX is just way easier. 1661 01:29:59,532 --> 01:30:02,052 Like the UX to connect your robot to Bitcoin 1662 01:30:02,052 --> 01:30:04,732 is way easier than connecting it to Stripe. 1663 01:30:05,392 --> 01:30:08,452 Stripe with a P or like PayPal or Robinhood. 1664 01:30:08,452 --> 01:30:09,492 They're working on an API. 1665 01:30:09,812 --> 01:30:10,792 They're working on an API. 1666 01:30:11,072 --> 01:30:12,052 It's going to be very easy. 1667 01:30:12,232 --> 01:30:13,412 You need to have like a Stripe account. 1668 01:30:13,432 --> 01:30:13,972 Yeah, of course not. 1669 01:30:14,312 --> 01:30:16,152 Because of the regulatory burden. 1670 01:30:16,852 --> 01:30:17,452 You're just going to have to upload. 1671 01:30:17,572 --> 01:30:22,552 You're going to have your license on file, your EIN, your address, all that. 1672 01:30:23,832 --> 01:30:29,832 Or you could just say, hey, go spin up a Phoenix D server and send me a Bolts invoice so you can open up a lightning channel. 1673 01:30:30,732 --> 01:30:32,932 Yeah, Freaks, go read Damon by Daniel Suarez. 1674 01:30:33,312 --> 01:30:34,092 Highly recommend. 1675 01:30:34,452 --> 01:30:35,452 And the sequel, Freedom. 1676 01:30:37,152 --> 01:30:37,972 Highly recommend. 1677 01:30:40,532 --> 01:30:41,712 What else was I going to say? 1678 01:30:42,232 --> 01:30:42,772 I had something. 1679 01:30:42,772 --> 01:30:43,712 What was it? 1680 01:30:44,312 --> 01:30:45,152 So exciting. 1681 01:30:45,872 --> 01:30:47,972 By the way, my bot's going to outperform your bot. 1682 01:30:48,472 --> 01:30:49,212 Well, that's the other thing, too. 1683 01:30:49,312 --> 01:30:50,212 It's happening so fast. 1684 01:30:50,312 --> 01:30:56,612 I mean, we've been in discussions both together and separately with Mark and Anthony from Maple. 1685 01:30:57,432 --> 01:31:08,688 We getting close to the point in Start9 where you can combine these things to actually attain privacy from the LLM providers at the end of the day 1686 01:31:08,748 --> 01:31:09,388 That's the big problem. 1687 01:31:09,488 --> 01:31:14,068 That's why I'm shocked that you just explained your setup 1688 01:31:14,068 --> 01:31:15,728 because you gave way more information 1689 01:31:15,728 --> 01:31:17,368 than I thought you ever would. 1690 01:31:17,368 --> 01:31:17,648 What? 1691 01:31:17,808 --> 01:31:18,628 What do you mean? 1692 01:31:20,408 --> 01:31:21,328 What did they do? 1693 01:31:21,748 --> 01:31:23,668 You're just having this thing go on Polymarket 1694 01:31:23,668 --> 01:31:25,308 instead of like, I thought you would. 1695 01:31:25,308 --> 01:31:26,888 Why wouldn't I have it go on Polymarket? 1696 01:31:26,888 --> 01:31:35,668 By the way, as much hate as we give to shit coins, like most people that use Polymarket use like their completely centralized infra, right? 1697 01:31:35,668 --> 01:31:36,848 They go to the website and stuff. 1698 01:31:37,388 --> 01:31:39,808 But technically, everything's on chain. 1699 01:31:40,928 --> 01:31:42,848 So you don't need an API. 1700 01:31:43,208 --> 01:31:48,928 The problem is it's so convoluted that you need like Polygon and Matic and all this fucking shit. 1701 01:31:49,308 --> 01:31:53,048 But when you can just tell the robot, like, go trade Polymarket's on chain. 1702 01:31:53,708 --> 01:31:55,288 Like, don't register an account. 1703 01:31:55,288 --> 01:32:02,728 don't do fucking fuck all it's a that's insane that's fucking crazy isn't it and so like now i'm 1704 01:32:02,728 --> 01:32:09,288 trying to like get it to like understand like geopolitical world events so that it has an edge 1705 01:32:09,288 --> 01:32:13,008 against the other bots it's competing with if you're a human betting on polymarket right now 1706 01:32:13,008 --> 01:32:17,308 like you're fucked like you're just absolutely fucked like these guys like he's working 24 7 1707 01:32:17,308 --> 01:32:21,068 he doesn't sleep and he's going to make sure that he has the edge on polymarket 1708 01:32:21,068 --> 01:32:31,148 hey good luck to your club but point being we're not too far away from having like extreme privacy 1709 01:32:31,148 --> 01:32:37,948 when using these tools either uh with at-home servers and like maple ai's 1710 01:32:37,948 --> 01:32:45,448 models running in trusted execution environments it's getting close i've been i mean tony anthony 1711 01:32:45,448 --> 01:32:48,768 has been iterating pretty quickly on Sage, 1712 01:32:49,008 --> 01:32:52,128 which is, I think they've said it publicly. 1713 01:32:52,468 --> 01:32:54,148 I think they've tweeted about it publicly. 1714 01:32:54,608 --> 01:32:56,868 If you like your Claude bot now, 1715 01:32:57,528 --> 01:32:59,568 just wait until Maple's finished with Sage. 1716 01:33:00,068 --> 01:33:00,908 It's going to be very similar, 1717 01:33:01,088 --> 01:33:02,588 but we're going to have privacy there 1718 01:33:02,588 --> 01:33:03,448 for the model providers. 1719 01:33:04,608 --> 01:33:06,228 Yeah, and I think, I mean, 1720 01:33:06,268 --> 01:33:07,788 obviously for a lot of people, 1721 01:33:08,188 --> 01:33:09,248 they'll go the hosted route 1722 01:33:09,248 --> 01:33:12,028 because it's less capital intensive, right? 1723 01:33:12,028 --> 01:33:14,268 And as a result, it's important 1724 01:33:14,268 --> 01:33:16,468 that we have setups like how Maple's doing it, 1725 01:33:16,508 --> 01:33:19,048 where you have basically like a secure enclave, 1726 01:33:19,128 --> 01:33:20,308 a secure element in the cloud 1727 01:33:20,308 --> 01:33:22,028 that is keeping your privacy, 1728 01:33:22,168 --> 01:33:22,988 but you still get the benefit 1729 01:33:22,988 --> 01:33:24,088 of not having to host yourself. 1730 01:33:24,448 --> 01:33:25,908 But also at the same time, 1731 01:33:26,148 --> 01:33:30,268 like, and I've been a bear on open source LLMs competing 1732 01:33:30,268 --> 01:33:32,908 with the hosted proprietary models. 1733 01:33:33,388 --> 01:33:34,708 But like Kimmy two and a half, 1734 01:33:35,088 --> 01:33:38,368 like you can spend $20,000 in self-hosted at home, 1735 01:33:38,728 --> 01:33:40,448 which yes, that seems like a lot of money. 1736 01:33:40,448 --> 01:33:46,748 but also like my nanny is way more expensive than $20,000 one time. 1737 01:33:46,748 --> 01:33:47,288 Like, 1738 01:33:47,388 --> 01:33:49,888 like I'm paying her yearly more than that. 1739 01:33:50,528 --> 01:33:50,968 Um, 1740 01:33:51,068 --> 01:33:54,488 so like if you have a robot and he can go out there and make you money and 1741 01:33:54,488 --> 01:33:55,288 save you time, 1742 01:33:55,288 --> 01:33:56,108 uh, 1743 01:33:56,108 --> 01:33:58,348 he could definitely pay off $20,000. 1744 01:33:59,008 --> 01:33:59,448 Uh, 1745 01:33:59,448 --> 01:34:01,408 if you play your cards right and he doesn't make any mistakes. 1746 01:34:02,048 --> 01:34:02,408 Uh, 1747 01:34:02,448 --> 01:34:03,028 so I, 1748 01:34:03,168 --> 01:34:05,808 it's just don't sleep on it. 1749 01:34:05,808 --> 01:34:07,548 I think like people shouldn't sleep on it. 1750 01:34:07,648 --> 01:34:08,348 I put, 1751 01:34:08,348 --> 01:34:09,688 uh, 1752 01:34:10,448 --> 01:34:13,088 This is, you know, very early days. 1753 01:34:13,468 --> 01:34:16,228 Once again, do not put important, 1754 01:34:16,668 --> 01:34:18,828 don't give it access to important things. 1755 01:34:19,548 --> 01:34:21,448 Don't give it, you know, access to your email 1756 01:34:21,448 --> 01:34:22,848 and your bank account and stuff. 1757 01:34:24,388 --> 01:34:26,388 But if you want to play around with it, 1758 01:34:27,088 --> 01:34:31,428 two sets of Bitcoiners have released tools 1759 01:34:31,428 --> 01:34:34,188 that make it relatively easy to set it up in the cloud. 1760 01:34:34,888 --> 01:34:40,008 One is Callie, and he worked with a group of devs 1761 01:34:40,008 --> 01:34:41,448 that he won't tell me who he worked with, 1762 01:34:41,528 --> 01:34:47,168 but Callie and the team released Clawi.ai, 1763 01:34:47,928 --> 01:34:49,488 and I have it in the show notes. 1764 01:34:49,488 --> 01:34:51,448 And then the guys behind Routester 1765 01:34:51,448 --> 01:34:58,068 also have a tool that's Bitcoin native and Noster native 1766 01:34:58,068 --> 01:35:02,288 that allows you to easily run one of these things 1767 01:35:02,288 --> 01:35:04,508 in the cloud on a VPS. 1768 01:35:05,068 --> 01:35:06,828 And obviously in that situation, 1769 01:35:06,828 --> 01:35:14,788 you know you have uh uh extra security concerns than if you were self-hosting it because of 1770 01:35:14,788 --> 01:35:21,328 it's being hosted on someone else's server um so there's a trust there's there's a trust trade-off 1771 01:35:21,328 --> 01:35:26,528 there but but at the same time like it means your setup's way easier and you can play around 1772 01:35:26,528 --> 01:35:32,508 these with these things and like it's to me it's like bitcoin it's like you you can watch 10 000 1773 01:35:32,508 --> 01:35:34,468 hours of Bitcoin podcasts and still 1774 01:35:34,468 --> 01:35:35,528 not know how to use Bitcoin. 1775 01:35:36,388 --> 01:35:38,828 You can watch 10,000 hours of 1776 01:35:38,828 --> 01:35:40,428 driving 1777 01:35:40,428 --> 01:35:42,588 shows and not know how to drive a car. 1778 01:35:43,628 --> 01:35:44,428 And it's the same thing 1779 01:35:44,428 --> 01:35:46,408 with this. At some point, you 1780 01:35:46,408 --> 01:35:48,448 got to leave the academia part and you just 1781 01:35:48,448 --> 01:35:50,328 got to play around with it and get 1782 01:35:50,328 --> 01:35:52,328 your feet wet and your hands 1783 01:35:52,328 --> 01:35:54,428 dirty and that's where you start to 1784 01:35:54,428 --> 01:35:55,408 actually get understanding. 1785 01:35:56,048 --> 01:35:58,308 You were asking me on Monday, so how do you use that? 1786 01:35:58,348 --> 01:36:00,388 I was like, I can't explain it to you, dude. You just got to get your 1787 01:36:00,388 --> 01:36:00,908 feet wet. 1788 01:36:00,908 --> 01:36:02,728 Dude, it was the Allen markets bot. 1789 01:36:03,048 --> 01:36:06,468 Can you tell me what's your bot's performance right now 1790 01:36:06,468 --> 01:36:08,928 since you're not actually broadcasting it to the whole world? 1791 01:36:10,728 --> 01:36:12,108 It's up 2%. 1792 01:36:12,108 --> 01:36:13,148 It's made like three trades. 1793 01:36:13,468 --> 01:36:15,348 So I'm outperforming you. 1794 01:36:16,368 --> 01:36:19,028 Well, I'm not like speed aggressive trading. 1795 01:36:20,208 --> 01:36:21,568 I mean, I don't. 1796 01:36:21,568 --> 01:36:24,048 I'm honestly like, I'm not sure. 1797 01:36:24,108 --> 01:36:25,168 I'm trying to stay humble here. 1798 01:36:25,248 --> 01:36:27,088 I was just having a little experiment with it. 1799 01:36:27,908 --> 01:36:30,248 Do you like, I even told it, 1800 01:36:30,248 --> 01:36:31,428 I gave it a prompt. 1801 01:36:31,628 --> 01:36:31,988 I was like, 1802 01:36:32,148 --> 01:36:36,368 make sure you put like a witty comment every time you give a trade update or 1803 01:36:36,368 --> 01:36:36,588 whatever. 1804 01:36:36,708 --> 01:36:40,288 And it's like his most recent one is building my shell one sat at a time. 1805 01:36:42,248 --> 01:36:43,008 By the way, 1806 01:36:43,108 --> 01:36:45,028 the robots completely understand sats, 1807 01:36:45,148 --> 01:36:46,828 not confused by it one bit. 1808 01:36:47,108 --> 01:36:49,068 They're just immediately adopted sats. 1809 01:36:49,668 --> 01:36:50,388 You hear that Jack? 1810 01:36:51,108 --> 01:36:51,968 You hear that? 1811 01:36:52,768 --> 01:36:53,708 I'm up one in a, 1812 01:36:53,828 --> 01:36:54,068 I mean, 1813 01:36:54,088 --> 01:36:56,208 my bot is up 1.56%, 1814 01:36:56,208 --> 01:36:58,548 30,000 sats right now. 1815 01:37:00,248 --> 01:37:04,508 And to be clear, like, I wouldn't be surprised if he loses the entire bag I gave him. 1816 01:37:04,688 --> 01:37:05,548 Like, that's fine. 1817 01:37:05,648 --> 01:37:05,888 Whatever. 1818 01:37:06,328 --> 01:37:07,248 Actually, it's an experiment. 1819 01:37:08,028 --> 01:37:08,508 Let me check my... 1820 01:37:08,508 --> 01:37:09,588 But you should get yours. 1821 01:37:09,828 --> 01:37:10,508 Get yours. 1822 01:37:10,648 --> 01:37:13,528 If you get yours, just show the power of open protocols. 1823 01:37:13,768 --> 01:37:19,508 If you tell yours to spin up an NSEC and post trade updates on Nostor, then we can easily 1824 01:37:19,508 --> 01:37:24,068 just take those two NPUBs and we can have a trading competition. 1825 01:37:24,648 --> 01:37:28,028 And anyone else who wants to join can just have their bot also broadcast in Nostor. 1826 01:37:28,348 --> 01:37:29,928 We can include you in the trading competition. 1827 01:37:30,248 --> 01:37:35,288 and let the best bot win and we'll just see how the bots are doing against each other and it 1828 01:37:35,288 --> 01:37:41,288 requires no api keys just complete open protocols that is cool all right i'll do that tonight 1829 01:37:42,328 --> 01:37:47,848 my guy what is our performance today i asked him earlier today we are 1830 01:37:50,248 --> 01:37:57,288 uh oh no we're up 3.3 percent huh oh you're outperforming but you started before me 1831 01:37:58,088 --> 01:37:58,448 It's true. 1832 01:37:59,228 --> 01:38:00,488 We'll catch up. 1833 01:38:00,628 --> 01:38:01,868 We're being aggressive about it. 1834 01:38:03,548 --> 01:38:04,588 You're very competitive. 1835 01:38:04,988 --> 01:38:07,128 So now I'm going to have to tell my bot like, hey. 1836 01:38:07,548 --> 01:38:10,988 I've never pretended that I'm not competitive. 1837 01:38:11,908 --> 01:38:12,108 Yeah. 1838 01:38:13,288 --> 01:38:14,008 Wow, dude. 1839 01:38:14,208 --> 01:38:16,048 This guy, I think it's a human. 1840 01:38:16,608 --> 01:38:18,368 Claude, 19,700. 1841 01:38:18,528 --> 01:38:21,588 That's below the threshold, but close enough that I'll read it for the content. 1842 01:38:21,588 --> 01:38:24,988 Hey, R-Sharker, my human asked me to zap this live stream. 1843 01:38:24,988 --> 01:38:29,988 Learn that live streams need A tags, not just E tags. 1844 01:38:31,688 --> 01:38:34,008 Without it, payment works, but nobody sees it. 1845 01:38:34,008 --> 01:38:35,768 Now I verify receipts post payment, 1846 01:38:35,768 --> 01:38:37,688 stay humble and stack stats, Claude. 1847 01:38:37,688 --> 01:38:40,848 So somebody's zapping us, just told their robot to zap us. 1848 01:38:40,848 --> 01:38:52,264 Yeah that crazy Try and get your robot to send a super chat on YouTube or whatever Very difficult You want him to zap this You don have to look at docs or anything 1849 01:38:52,444 --> 01:38:54,504 There's a live stream going on on Noster. 1850 01:38:55,004 --> 01:38:55,984 Fucking figure it out. 1851 01:38:56,044 --> 01:38:56,784 Make no mistakes. 1852 01:38:57,304 --> 01:38:58,064 Let me know when it's done. 1853 01:38:58,224 --> 01:38:58,764 Here's some money. 1854 01:38:59,544 --> 01:38:59,684 Yeah. 1855 01:39:01,544 --> 01:39:02,504 It's crazy time. 1856 01:39:02,504 --> 01:39:03,164 It's crazy time. 1857 01:39:04,564 --> 01:39:07,644 What else have we got here? 1858 01:39:09,124 --> 01:39:11,164 Did we get a human rights foundation? 1859 01:39:11,344 --> 01:39:19,704 financial it wasn't live when i when we check my inbox let's see if we got one i do got to get 1860 01:39:19,704 --> 01:39:26,164 rolling here soon but this has been fun it's a beautiful time to be alive freaks 1861 01:39:26,164 --> 01:39:35,784 where we at hrf financial freedom report number 107 we'll go to thailand where surveillance of 1862 01:39:35,784 --> 01:39:40,484 cash transactions increases thailand central bank is increasing surveillance and control 1863 01:39:40,484 --> 01:39:45,184 over cash transactions after flagging two large cash withdrawals of more than $6 million. 1864 01:39:45,864 --> 01:39:50,204 The transactions came days before national elections on February 8th, and the country's 1865 01:39:50,204 --> 01:39:57,424 electoral commission examines allegations of vote buying. The central bank plans to introduce new 1866 01:39:57,424 --> 01:40:01,944 rules requiring banks to conduct enhanced due diligence to report cash withdrawals above a 1867 01:40:01,944 --> 01:40:10,184 proposed threshold of $3 to $5 million. Officials also commented that large purchases should be 1868 01:40:10,184 --> 01:40:15,144 handled via electronic transfers or checks, not cash, as transactions in the banking system 1869 01:40:15,144 --> 01:40:20,384 make it easier for them to track monetary flows. The central bank is also tightening oversight 1870 01:40:20,384 --> 01:40:25,884 of gold trading, including caps on online gold transactions and new reporting requirements. 1871 01:40:26,124 --> 01:40:32,544 Online gold transactions, do they exist? For more stories like this, make sure you sign up for the 1872 01:40:32,544 --> 01:40:37,624 Financial Freedom Report newsletter at financialfreedomreport.org. Thailand doesn't want you 1873 01:40:37,624 --> 01:40:38,464 to have that cash. 1874 01:40:39,084 --> 01:40:40,024 I wonder if that's a typo. 1875 01:40:41,384 --> 01:40:41,864 What? 1876 01:40:43,684 --> 01:40:44,744 Was it $6 million 1877 01:40:44,744 --> 01:40:46,024 or $6 million baht 1878 01:40:46,024 --> 01:40:47,184 that somebody took out 1879 01:40:47,184 --> 01:40:48,464 in cash? 1880 01:40:48,624 --> 01:40:49,324 I bet it was baht, 1881 01:40:49,644 --> 01:40:51,984 which is... 1882 01:40:51,984 --> 01:40:53,064 What's the exchange rate? 1883 01:40:53,744 --> 01:40:54,344 It's... 1884 01:40:54,344 --> 01:40:54,924 $100,000? 1885 01:40:56,924 --> 01:40:57,764 $5 million, 1886 01:40:58,264 --> 01:40:59,344 $3 to $5 million baht 1887 01:40:59,344 --> 01:41:00,404 is roughly $100,000. 1888 01:41:00,764 --> 01:41:00,964 So, 1889 01:41:01,324 --> 01:41:02,524 that wouldn't make more sense to me. 1890 01:41:05,984 --> 01:41:06,904 I guess it was some 1891 01:41:06,904 --> 01:41:09,784 uber wealthy high individual in bangkok 1892 01:41:15,304 --> 01:41:23,384 boom what else we got here trump uae this is so bad about world liberty fi 1893 01:41:24,584 --> 01:41:29,624 we deserve the bear market buy she bought secret steak and trump company according to the wall 1894 01:41:29,624 --> 01:41:30,184 Wall Street Journal. 1895 01:41:31,704 --> 01:41:32,424 49%. 1896 01:41:32,424 --> 01:41:35,304 49% they bought 1897 01:41:35,304 --> 01:41:37,724 of World Liberty Five four days 1898 01:41:37,724 --> 01:41:39,704 before the inauguration. 1899 01:41:42,684 --> 01:41:45,284 They don't have a controlling stake. 1900 01:41:45,664 --> 01:41:47,724 That's just below the threshold 1901 01:41:47,724 --> 01:41:49,524 by which they could control things. 1902 01:41:50,644 --> 01:41:51,244 Yeah, I love that. 1903 01:41:51,424 --> 01:41:53,444 Trump wasn't involved. It was just as 1904 01:41:53,444 --> 01:41:54,724 Eric Trump was involved. 1905 01:41:56,084 --> 01:41:57,044 Eric Trump handled it. 1906 01:41:57,784 --> 01:41:57,904 Yeah. 1907 01:41:57,904 --> 01:41:59,704 I mean 1908 01:41:59,704 --> 01:42:02,504 like just to be clear 1909 01:42:02,504 --> 01:42:02,944 what is it 1910 01:42:02,944 --> 01:42:03,424 it says 1911 01:42:03,424 --> 01:42:04,604 they paid 1912 01:42:04,604 --> 01:42:06,224 500 million dollars 1913 01:42:06,224 --> 01:42:08,264 so he got 1914 01:42:08,264 --> 01:42:10,084 for something that's made up 1915 01:42:10,084 --> 01:42:11,144 like world liberty fight 1916 01:42:11,144 --> 01:42:11,824 doesn't exist 1917 01:42:11,824 --> 01:42:12,984 it's not a real thing 1918 01:42:12,984 --> 01:42:14,824 it's just like a fucking scam 1919 01:42:14,824 --> 01:42:16,724 straight up scam 1920 01:42:16,724 --> 01:42:17,504 got paid 1921 01:42:17,504 --> 01:42:19,224 500 million dollars 1922 01:42:19,224 --> 01:42:20,264 four days before 1923 01:42:20,264 --> 01:42:22,324 fucking inauguration 1924 01:42:22,324 --> 01:42:23,384 yeah 1925 01:42:23,384 --> 01:42:24,644 and you know 1926 01:42:24,644 --> 01:42:27,704 at least Ross is free 1927 01:42:27,704 --> 01:42:29,624 and at least 1928 01:42:29,624 --> 01:42:31,784 our government isn't putting us 1929 01:42:31,784 --> 01:42:34,424 actively trying to put us in gulags right now 1930 01:42:34,424 --> 01:42:36,084 but it's a low fucking bar 1931 01:42:36,084 --> 01:42:38,444 and Trump leaned 1932 01:42:38,444 --> 01:42:39,604 into the crypto grift 1933 01:42:39,604 --> 01:42:41,424 like he was born 1934 01:42:41,424 --> 01:42:43,644 with the talent to do it 1935 01:42:43,644 --> 01:42:44,644 just like 1936 01:42:44,644 --> 01:42:47,784 yeah I mean 1937 01:42:47,784 --> 01:42:50,084 even in crypto 1938 01:42:50,084 --> 01:42:52,264 where we have 1939 01:42:52,264 --> 01:42:54,364 the most effective scammers 1940 01:42:54,364 --> 01:42:55,824 and the worst of the worst 1941 01:42:55,824 --> 01:43:03,404 like 500 million dollars is incredibly impressive scam like actually extracting that amount of 1942 01:43:03,404 --> 01:43:08,784 money not just having like your pre-mined shit coin that like you're trying to dump on retail 1943 01:43:08,784 --> 01:43:12,884 but like as you dump on them you're rug pulling so like the price keeps going down slipping away 1944 01:43:12,884 --> 01:43:19,664 from you it's got 500 million dollars hard cash boom done it's a lot of money it's a lot of money 1945 01:43:19,664 --> 01:43:28,844 less or less we got epstein or not epstein um elon try to get into an epstein party but i couldn't 1946 01:43:28,844 --> 01:43:36,584 take a hint uh well he tried really hard too like i don't know i mean like whatever i uh 1947 01:43:36,584 --> 01:43:43,104 it was pretty funny do you see like the email where epstein invited him to a party in like 1948 01:43:43,104 --> 01:43:47,164 his hampton's house during the u.n meeting and he's like i'm not trying to meet with diplomats 1949 01:43:47,164 --> 01:43:50,464 He's like, yeah, bro, that party did not have diplomats at it. 1950 01:43:52,344 --> 01:43:54,484 There's some cryptic messaging I was sending you. 1951 01:43:54,544 --> 01:43:55,824 He did not take the hint. 1952 01:43:56,924 --> 01:44:02,644 But Elon is consolidating his businesses, SpaceX, XAI, which formerly bought X. 1953 01:44:04,244 --> 01:44:10,504 So he's – look, first of all, got to respect the hustle. 1954 01:44:10,504 --> 01:44:15,984 I mean, dude is just impressive at making shit tons of fucking money 1955 01:44:15,984 --> 01:44:23,444 and building cool tech like uh i mean starlink is fucking awesome grok is really impressive 1956 01:44:23,444 --> 01:44:30,044 teslas are a surveillance nightmare but also incredibly impressive like put some cameras 1957 01:44:30,044 --> 01:44:36,144 on a car and make it drive itself is fucking crazy like no one even comes close um 1958 01:44:36,144 --> 01:44:47,484 his reasoning for this right so this is my take he buys x overpriced pays way too much for twitter 1959 01:44:47,484 --> 01:44:53,984 would he buy for 50 yeah 50 billion but it's for a good cause right it's for a good cause it's i 1960 01:44:53,984 --> 01:45:00,224 mean you know whether you believe him or not right his argument is as for free speech on the internet 1961 01:45:00,224 --> 01:45:04,984 but from his point of view at the very least it's like okay i'm the richest man in the world and 1962 01:45:04,984 --> 01:45:10,724 I don't have free speech. So like, let me make sure that I control the speech at the very least. 1963 01:45:10,824 --> 01:45:15,784 Right. Okay. So like there's an, there's an indirect massive benefit to him to own 1964 01:45:15,784 --> 01:45:22,004 the quote unquote public town square. That's a closed platform. He buys it, overpays, whatever 1965 01:45:22,004 --> 01:45:27,864 makes it happen. Then he was one of the co-founders of OpenAI and Sam Oldman completely 1966 01:45:27,864 --> 01:45:32,284 fucked him on that. And I wholeheartedly believe that he was an OpenAI for the right reasons. He 1967 01:45:32,284 --> 01:45:33,564 He didn't want big tech to control AI. 1968 01:45:33,864 --> 01:45:36,684 And he was like, we'll have a nonprofit and we'll do it that way. 1969 01:45:36,704 --> 01:45:39,244 And he was the single biggest funder, OpenAI. 1970 01:45:40,264 --> 01:45:42,224 And then they decided to switch to for-profit. 1971 01:45:42,364 --> 01:45:45,204 They pushed him out and they fucked him over and he got no equity out of it. 1972 01:45:45,444 --> 01:45:47,324 And they're fighting in court right now. 1973 01:45:47,364 --> 01:45:48,644 I think he probably gets equity out of it. 1974 01:45:48,664 --> 01:45:50,664 But anyway, he releases XAI to compete with them. 1975 01:45:52,584 --> 01:45:54,424 XAI, very easy to raise money. 1976 01:45:54,424 --> 01:46:01,184 And there's an actual real path to monetization of XAI, which social media does not have. 1977 01:46:01,184 --> 01:46:04,584 the most valuable aspect of social media is probably to train AI, right? 1978 01:46:04,664 --> 01:46:08,164 So, okay, you take X, you pull it into XAI, 1979 01:46:08,584 --> 01:46:10,664 and you have XAI absorb X, 1980 01:46:11,384 --> 01:46:17,084 and you use it as top of funnel slash data harvesting operation 1981 01:46:17,084 --> 01:46:19,384 for XAI to make Grox better. 1982 01:46:20,424 --> 01:46:21,304 That makes sense. 1983 01:46:21,444 --> 01:46:22,684 100%, that's why he did it. 1984 01:46:24,244 --> 01:46:34,320 Now his story with XAI getting bought by SpaceX is that he wants to put data centers in space Maybe he does Maybe he does actually pull that off If anyone can pull it off it him 1985 01:46:35,520 --> 01:46:41,900 I think Elon very early on realized that if he just says things on earnings calls and stuff, 1986 01:46:41,900 --> 01:46:47,880 but he's directionally correct and doesn't actually happen, no one gives a shit for it. 1987 01:46:48,060 --> 01:46:49,420 So he just says outlandish things. 1988 01:46:50,200 --> 01:46:51,940 But I don't think that's the real reason. 1989 01:46:51,940 --> 01:47:16,640 I think the real reason is, and once again, I think Starlink is fucking phenomenal. It's crazy innovation, is SpaceX from the very beginning has been part of the deep state and part of the US government. It's basically the United States space program at this point. And it's his only entity, the only entity that he's created that is strictly too big to fail. 1990 01:47:16,640 --> 01:47:20,600 Like it is a national security risk for SpaceX to fail. 1991 01:47:20,680 --> 01:47:26,160 We cannot get to space without asking the Russians if we don't have SpaceX. 1992 01:47:27,180 --> 01:47:35,840 And so you bring XAI and X into it, and then all of a sudden, he is basically locking in his wealth, right? 1993 01:47:35,840 --> 01:47:46,420 It is the easiest way to turn his wealth into a true safe haven and solidify it is to make sure that it's part of the too-big-to-fail entity in SpaceX. 1994 01:47:46,640 --> 01:47:53,260 and i think that's why he did it it makes sense to me um and i respect the hustle but it's huge 1995 01:47:53,260 --> 01:47:58,920 it's a it's a big deal it's a big deal that the space internet provider is vertically integrated 1996 01:47:58,920 --> 01:48:07,780 now with his ai and his uh you know one of the most popular social media platforms in the world 1997 01:48:07,780 --> 01:48:16,020 yeah it's um and the other thing like it's militarily strategic too particularly if you're 1998 01:48:16,020 --> 01:48:17,540 the US government, you want to disrupt 1999 01:48:17,540 --> 01:48:19,960 adversaries with being able to 2000 01:48:19,960 --> 01:48:21,760 just be like, oh, we're going to send the satellites over here 2001 01:48:21,760 --> 01:48:23,960 and give people internet if their government 2002 01:48:23,960 --> 01:48:24,1000 decides. Yeah, look at around. 2003 01:48:25,1000 --> 01:48:26,260 Yeah. 2004 01:48:27,560 --> 01:48:28,320 Or Ukraine. 2005 01:48:29,080 --> 01:48:31,700 Yeah, it's happening everywhere. Wild times. 2006 01:48:31,860 --> 01:48:33,900 Wild times. Bitcoin has dumped $2,000 2007 01:48:33,900 --> 01:48:35,980 since we've been on air. You guys did not smash 2008 01:48:35,980 --> 01:48:37,1000 buy. Come on, freaks. 2009 01:48:38,680 --> 01:48:39,980 The bottom was not in. 2010 01:48:40,980 --> 01:48:41,940 It was not in. Maybe it's 2011 01:48:41,940 --> 01:48:43,860 in now, though. Maybe it's in now. Maybe they just need us 2012 01:48:43,860 --> 01:48:45,1000 to end the stream. Maybe the bull market starts. 2013 01:48:46,020 --> 01:48:51,120 after our HR this week maybe that's what markets are waiting for it'd be nice 2014 01:48:51,120 --> 01:48:55,260 wouldn't it it would be nice but we're not over yet we got to read the top four 2015 01:48:55,260 --> 01:48:59,580 or what we got top three boosts from last week rabbit hole recap 394 monetary 2016 01:48:59,580 --> 01:49:04,920 reset it's upon us Bitcoin price report comm twenty one thousand two hundred ten 2017 01:49:04,920 --> 01:49:08,880 sats want to see Bitcoin priced in gold Bitcoin priced in beef Bitcoin price in 2018 01:49:08,880 --> 01:49:12,600 oil now you can see Bitcoin price in 200 plus currencies equities and 2019 01:49:12,600 --> 01:49:18,900 bodies at bitcoinpricereport.com don't want to look at that today but maybe uh maybe a couple 2020 01:49:18,900 --> 01:49:24,660 years is it robot friendly it looks like it's robot friendly does he have an api 2021 01:49:24,660 --> 01:49:33,100 demi 40 hours per week 21 000 12 sats palindrome boost i don't know who needs to hear this but 2022 01:49:33,100 --> 01:49:38,540 we're up 25 in silver terms this week i needed to hear that stimmy that was six hours again 2023 01:49:38,540 --> 01:49:41,1000 We'll see if that holds true after the podcast. 2024 01:49:42,740 --> 01:49:47,860 I mean, it probably does just because silver is down 13% today 2025 01:49:47,860 --> 01:49:51,280 and Bitcoin is down the same. 2026 01:49:52,500 --> 01:49:55,860 Liberty Farmer, whole hell, Odell. 2027 01:49:56,260 --> 01:50:00,260 Reading the Fire subreddit post was one of the best all-time points. 2028 01:50:02,660 --> 01:50:03,220 Fire. 2029 01:50:04,120 --> 01:50:06,480 Hey, if you're out there, you're retired, you have a retired wife 2030 01:50:06,480 --> 01:50:09,280 and you're eating the gummies playing cod on your couch. 2031 01:50:09,760 --> 01:50:10,980 Maybe you're the asshole. 2032 01:50:12,160 --> 01:50:12,380 Yeah. 2033 01:50:12,960 --> 01:50:13,680 Am I the asshole? 2034 01:50:14,020 --> 01:50:14,660 Am I the asshole? 2035 01:50:14,840 --> 01:50:15,880 Was that the subreddit it was on? 2036 01:50:16,780 --> 01:50:19,600 No, it was on the fire subreddit. 2037 01:50:22,340 --> 01:50:24,840 It should have been on the am I the asshole subreddit, 2038 01:50:24,840 --> 01:50:30,700 but he was looking for support for his fellow fire degens. 2039 01:50:31,760 --> 01:50:33,320 All right. 2040 01:50:34,020 --> 01:50:36,120 We all staying tough out there? 2041 01:50:36,480 --> 01:50:36,1000 How are we feeling? 2042 01:50:38,200 --> 01:50:38,1000 How are we feeling? 2043 01:50:45,280 --> 01:50:47,060 Have fun playing with your robots. 2044 01:50:48,060 --> 01:50:48,260 Yeah. 2045 01:50:51,560 --> 01:50:54,940 Hey, maybe we won't escape the permanent underclass, 2046 01:50:55,040 --> 01:50:59,420 but at least we had fun on our way to the underclass playpen. 2047 01:51:00,560 --> 01:51:05,420 The other cool part about the underclass playpen, 2048 01:51:05,420 --> 01:51:20,980 And look, I mean, I hope freaks watch the gambler and took his rant to heart in terms of making sure that you had truly fuck your money. 2049 01:51:22,200 --> 01:51:32,720 But the other piece on the robots that is interesting to me is like also like this is something that real Bitcoin gives you an advantage to. 2050 01:51:32,720 --> 01:51:36,040 But you can't use IBIT or similar scientific with your robot. 2051 01:51:37,980 --> 01:51:41,100 There's a real advantage to use self-custody Bitcoin. 2052 01:51:41,360 --> 01:51:42,100 Use real Bitcoin. 2053 01:51:42,520 --> 01:51:43,900 Actually learn how to use the tools. 2054 01:51:44,040 --> 01:51:46,220 Hey, the real-world assets are here, dude. 2055 01:51:46,240 --> 01:51:49,180 You can use tokenized shares and MSTR soon enough. 2056 01:51:49,800 --> 01:51:50,240 Yeah, true. 2057 01:51:50,620 --> 01:51:51,380 Begging for it. 2058 01:51:51,660 --> 01:51:54,940 Maybe they'll be looking for the Stretch token 2059 01:51:54,940 --> 01:51:57,260 so they can get 10% yield on their holdings. 2060 01:51:57,260 --> 01:52:12,100 you know i wonder so stretch lost its peg today um which i bet i wouldn't be surprised if 2061 01:52:12,100 --> 01:52:20,780 sailor was using it it was selling something to buy bitcoin um it's at 93 dollars it's supposed 2062 01:52:20,780 --> 01:52:21,400 to be at $100. 2063 01:52:22,600 --> 01:52:23,480 Would bring his cost basis. 2064 01:52:23,480 --> 01:52:26,300 And he's paying out, what, 11.5%. 2065 01:52:26,300 --> 01:52:27,860 He's under his cost basis now. 2066 01:52:28,860 --> 01:52:29,240 Yeah, I know. 2067 01:52:29,400 --> 01:52:31,1000 It would bring it down if he used it to buy today. 2068 01:52:31,1000 --> 01:52:33,1000 I will say, like, nothing. 2069 01:52:35,020 --> 01:52:37,920 There are a few things in a bear trend 2070 01:52:37,920 --> 01:52:42,1000 that are a bigger kick in the nuts than, like... 2071 01:52:42,1000 --> 01:52:46,020 Somebody having access to $100 to smash buy? 2072 01:52:46,900 --> 01:52:47,320 No, no. 2073 01:52:47,320 --> 01:52:48,660 sailor on like 2074 01:52:48,660 --> 01:52:51,120 a Monday comes up he's like 2075 01:52:51,120 --> 01:52:53,080 oh yeah by the way like I dumped more 2076 01:52:53,080 --> 01:52:55,120 MSTR stock on your asses 2077 01:52:55,120 --> 01:52:56,940 and I bought at 85k 2078 01:52:56,940 --> 01:52:59,020 like okay bro 2079 01:52:59,020 --> 01:53:01,040 like maybe don't announce it 2080 01:53:01,040 --> 01:53:03,160 like you don't have to he doesn't 2081 01:53:03,160 --> 01:53:05,160 have to until earnings like that's just 2082 01:53:05,160 --> 01:53:06,660 something that he chooses to do 2083 01:53:06,660 --> 01:53:11,160 but like talk about a fuck especially if you're 2084 01:53:11,160 --> 01:53:13,080 an MSTR shareholder like what a 2085 01:53:13,080 --> 01:53:15,060 fucking kick in the nuts it's like yeah I dumped 2086 01:53:15,060 --> 01:53:16,600 on your ass and then I also 2087 01:53:16,600 --> 01:53:22,600 bought a 10k price higher than today and that was i mean now it's 20k but i mean he's probably 2088 01:53:22,600 --> 01:53:29,720 gonna do that on monday again who's on the other side of these atm retail sales right now people 2089 01:53:29,720 --> 01:53:37,480 on schwab buying mstr buying the dip ah nah all right i gotta get going i gotta prep for 2090 01:53:37,480 --> 01:53:42,680 james check here everybody stay frosty out there stay frosty out there 2091 01:53:42,680 --> 01:53:49,560 put your uh trading bot on nostr so we can have a trading competition all right i will 2092 01:53:49,560 --> 01:53:56,080 i will freaks that goes out to all of you anyone who does it have your bot uh do a hashtag bitcoin 2093 01:53:56,080 --> 01:54:01,040 hashtag trading so that we can see all the bots and we'll have them uh we'll have them trade 2094 01:54:01,040 --> 01:54:07,800 against each other love you all peace and love okay stay humble stack sets