1 00:00:00,000 --> 00:00:07,960 What's up freaks? This rip of RHR was brought to you by our good friends at CoinKite. 2 00:00:08,220 --> 00:00:13,720 They produce the Cold Card Q, my favorite hardware wallet. It's got two secure enclaves, 3 00:00:13,820 --> 00:00:18,220 it's got a full screen, full keyboard here. As you can see, if you're watching, if you can't 4 00:00:18,220 --> 00:00:22,040 watch, just imagine something that looks like a BlackBerry. It allows you to create private 5 00:00:22,040 --> 00:00:29,580 public key pairs offline in an airgat fashion. Never have to connect the Cold Card Q to an 6 00:00:29,580 --> 00:00:36,700 internet device you can sign transactions and pspts remotely in the most secure fashion if you're a 7 00:00:36,700 --> 00:00:41,760 bitcoin power user and you're looking for the best security go pick up a cold card queue and go to 8 00:00:41,760 --> 00:00:47,460 coin kite.com find the cold card queue there i think you go to cold card.com as well use the code 9 00:00:47,460 --> 00:00:54,100 rh for five percent off step up your security get a cold card queue this route was also brought to 10 00:00:54,100 --> 00:01:00,560 by our good friends at stackwork if you're looking for a great way to make kyc free sets stackwork 11 00:01:00,560 --> 00:01:06,060 has bounties go to stackwork.ai find their bounties page and contribute to the bounties 12 00:01:06,060 --> 00:01:12,260 you can make bitcoin kyc free for completing the bounties if you're a developer looking to scoop up 13 00:01:12,260 --> 00:01:19,000 some easy sets go check out the bounties contribute to them and stack some sets stackwork.ai 14 00:01:19,000 --> 00:01:27,820 Matt and I have been talking about privacy and the importance of using a VPN for seven years now, literally seven years, I believe at least once every episode or two. 15 00:01:27,920 --> 00:01:29,140 It's like, hey, make sure you're running a VPN. 16 00:01:29,760 --> 00:01:39,660 I think it's especially important today when you have governments in the UK, other parts of Europe, all across the world, really trying to introduce digital ID and curbing speech with hate speech laws. 17 00:01:39,660 --> 00:01:46,420 Make sure you're protecting your privacy and shielding yourself from government surveillance as you're perusing the web. 18 00:01:46,660 --> 00:01:49,900 Our VPN of choice here at RHR is Obscura. 19 00:01:50,080 --> 00:01:51,240 It's built by a Bitcoiner. 20 00:01:51,440 --> 00:01:59,200 Four Bitcoiners, Carl Dong, did some very critical work for Bitcoin back in the day, but he decided to shift his focus to bringing privacy to everybody with Obscura. 21 00:01:59,420 --> 00:02:01,100 It is a VPN that cannot log. 22 00:02:01,440 --> 00:02:02,560 Literally, by the way, it's designed. 23 00:02:03,120 --> 00:02:06,220 A lot of VPNs will hand waves, say, we're not logging, we're not logging, you can't trust them. 24 00:02:06,580 --> 00:02:08,140 You want the VPN that cannot log. 25 00:02:08,240 --> 00:02:09,180 That is Obscura. 26 00:02:09,660 --> 00:02:14,540 Go to obscura.net, use the code RHR for 25% off when you sign up. 27 00:02:14,820 --> 00:02:23,960 Any of their deals, make sure you're using it, particularly if you're in one of these countries where the governments are becoming extremely censorious and targeting citizens that exhibit wrong think. 28 00:02:23,960 --> 00:02:29,400 You should be running a VPN. That VPN should be obscura. Obscura.net, code RHR, 25% off. 29 00:02:29,680 --> 00:02:34,960 This rip was brought to you by our official electrolyte sponsor here at RHR, Salt of the Earth. 30 00:02:35,160 --> 00:02:37,940 You've been hearing Matt and I talk about it quite a bit. 31 00:02:37,940 --> 00:02:40,580 I drink multiple packets up in a day 32 00:02:40,580 --> 00:02:41,460 You gotta stay hydrated 33 00:02:41,460 --> 00:02:43,280 That's why my face looks so good 34 00:02:43,280 --> 00:02:44,660 That's why I'm getting buff 35 00:02:44,660 --> 00:02:45,680 I'm able to get to the gym more 36 00:02:45,680 --> 00:02:46,380 Because I'm hydrated 37 00:02:46,380 --> 00:02:47,840 Matt, he's looking incredible 38 00:02:47,840 --> 00:02:49,140 I'm sure you've all noticed it 39 00:02:49,140 --> 00:02:49,940 You wanna know why? 40 00:02:50,500 --> 00:02:51,520 Salt of the earth, baby 41 00:02:51,520 --> 00:02:53,820 Go to drinksauté.com 42 00:02:53,820 --> 00:02:55,300 Use the code RHR 43 00:02:55,300 --> 00:02:56,980 You're gonna get 15% off 44 00:02:56,980 --> 00:02:57,680 I'm dead serious 45 00:02:57,680 --> 00:02:59,820 It hasn't made my life way better 46 00:02:59,820 --> 00:03:02,460 My wife, she's right behind me right now laughing 47 00:03:02,460 --> 00:03:04,040 But she's laughing because she knows it's true 48 00:03:04,040 --> 00:03:05,200 She drinks like seven a day 49 00:03:05,200 --> 00:03:07,360 I drink a few a day 50 00:03:07,360 --> 00:03:11,960 maybe seven a day too. Matt, I don't even want to tell you how much he's drinking. It's good. 51 00:03:12,020 --> 00:03:20,620 It keeps you hydrated. It keeps you alert. Keeps you ready to go. Drink saute.com. That's D-R-I-N-K-S-O-T-E.com. 52 00:03:20,700 --> 00:03:23,720 Use the code RHR for 15% off any order. 53 00:03:30,620 --> 00:03:33,520 You've had a dynamic where money's become freer than free. 54 00:03:33,520 --> 00:03:39,280 If you talk about a Fed just gone nuts, all the central banks going nuts. 55 00:03:39,880 --> 00:03:41,460 So it's all acting like safe haven. 56 00:03:42,020 --> 00:03:48,840 I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. 57 00:03:48,920 --> 00:03:52,060 In the world of fiat currencies, Bitcoin is the victor. 58 00:03:52,800 --> 00:03:54,900 I mean, that's part of the bull case for Bitcoin. 59 00:03:55,380 --> 00:03:57,800 If you're not paying attention, you probably should be. 60 00:03:59,600 --> 00:04:02,100 My camera first before we go live, Logan. 61 00:04:02,600 --> 00:04:03,500 Another ninja one. 62 00:04:03,520 --> 00:04:06,440 I said button, and then you started cleaning your camera. 63 00:04:06,920 --> 00:04:09,000 And then you did that. 64 00:04:11,080 --> 00:04:11,700 Pull up the tweet. 65 00:04:12,400 --> 00:04:14,100 Logan completely warned us. 66 00:04:14,560 --> 00:04:16,280 That was 100% intentional. 67 00:04:16,540 --> 00:04:16,660 Ah, fuck. 68 00:04:17,700 --> 00:04:18,000 Wow. 69 00:04:18,320 --> 00:04:19,080 Hey, language. 70 00:04:19,280 --> 00:04:20,880 There's children listening to this, Logan. 71 00:04:21,880 --> 00:04:22,780 Really messing up. 72 00:04:23,600 --> 00:04:24,480 We can bleep that out. 73 00:04:25,680 --> 00:04:28,440 If your children are in the car, listen with an earphone in. 74 00:04:28,440 --> 00:04:37,180 73 chance that bitcoin will fall below 90 000 should i bet on this one are you betting on this 75 00:04:37,180 --> 00:04:43,280 one i mean i think these are the funniest markets because like literally you could just 76 00:04:43,280 --> 00:04:50,700 buy or sell bitcoin you don't you don't need to bet on the price of bitcoin in polymarket but 77 00:04:50,700 --> 00:04:58,700 uh marty the freaks have been waiting that is it a is it a dump 78 00:04:58,700 --> 00:05:06,360 i think it's safe to say we're in a dump down 25 that's a dumb is the bear market here 79 00:05:06,360 --> 00:05:13,920 are you is super cycle still in play maybe it's too early to tell it's too early to tell sir 80 00:05:13,920 --> 00:05:16,980 what do you think 81 00:05:16,980 --> 00:05:19,940 ah fuck 82 00:05:19,940 --> 00:05:22,300 I think people should stay on one stack sets 83 00:05:22,300 --> 00:05:23,080 language 84 00:05:23,080 --> 00:05:25,180 I mean 85 00:05:25,180 --> 00:05:30,240 I've been shitting on the super cycle theory 86 00:05:30,240 --> 00:05:30,920 for a while 87 00:05:30,920 --> 00:05:32,060 you have 88 00:05:32,060 --> 00:05:35,600 but I don't think we're entering like a 89 00:05:35,600 --> 00:05:38,020 traditional bear market like a three year bear market 90 00:05:38,020 --> 00:05:40,080 or something we just didn't really have a blow off top 91 00:05:40,080 --> 00:05:43,320 so 92 00:05:43,320 --> 00:05:45,720 So I don't think anyone really knows where we're going. 93 00:05:45,880 --> 00:05:50,120 I think this price action is a mix of macro stuff. 94 00:05:51,800 --> 00:05:54,820 The macro environment continues to be fucking horrible. 95 00:05:56,680 --> 00:05:59,560 The regular markets today are not doing great. 96 00:06:00,280 --> 00:06:02,920 I guess they're not doing horrible, now that I'm checking. 97 00:06:03,840 --> 00:06:05,060 They weren't doing great earlier. 98 00:06:06,080 --> 00:06:07,040 S&P is kind of even. 99 00:06:07,040 --> 00:06:16,280 but uh gold's down a bit for gold two and a half percent 2.35 percent um but uh the macro 100 00:06:16,280 --> 00:06:20,340 environment is not great and then i think there's something we've been covering for a while is like 101 00:06:20,340 --> 00:06:26,940 i think there's a shit ton of fucking overhang on these bitcoin stocks micro strategy all the 102 00:06:26,940 --> 00:06:35,460 micro strategy copycats um the natural like shit coin stuff uh like there's people you you look at 103 00:06:35,460 --> 00:06:43,460 Bitcoin and what we are down about 25% from all time high. And then you look at like shit coin 104 00:06:43,460 --> 00:06:49,340 land and they're down 80%. And you look at Bitcoin stocks land and they're down depending on the 105 00:06:49,340 --> 00:06:56,440 stock, like 50 to 90%. And then all of a sudden you realize why people are selling Bitcoin is 106 00:06:56,440 --> 00:07:01,400 because they're fucking in over their heads. They didn't stay humble. They got absolutely wrecked. 107 00:07:01,400 --> 00:07:02,740 They're trying to cover losses. 108 00:07:03,700 --> 00:07:06,800 God forbid they're actually leveraged on these things too. 109 00:07:06,940 --> 00:07:08,460 And they're in a debt hole on it. 110 00:07:09,340 --> 00:07:11,640 And I think it's dragging Bitcoin down with it. 111 00:07:12,040 --> 00:07:16,020 Like it's hard to, this is part of the nuance. 112 00:07:16,020 --> 00:07:24,520 I mean, that we've talked about in the past is like you have a lot of the focus on micro strategy. 113 00:07:24,980 --> 00:07:27,560 Well, first of all, it's strategy and then there's everything else, right? 114 00:07:27,580 --> 00:07:31,080 There's a lot of shit out there that is even worse quality than strategy. 115 00:07:31,400 --> 00:07:36,740 But a lot of the focus on strategy has always been actually strategies leverage, right? 116 00:07:36,760 --> 00:07:38,720 Like how much leverage is Saylor taking on? 117 00:07:39,180 --> 00:07:40,960 And will he blow himself up? 118 00:07:42,180 --> 00:07:48,600 There's been less focus on his retail customers and the people that are buying his stock and how much leverage they're taking on. 119 00:07:48,700 --> 00:07:51,180 I think they were a lot more reckless than he was. 120 00:07:51,240 --> 00:07:53,000 And I think he fanned the flames with it a lot. 121 00:07:53,100 --> 00:07:58,060 And if you look at the micro strategy chart, it looks like fucking absolute destruction. 122 00:07:58,060 --> 00:08:04,220 like that thing just keeps going down just grinding lower and lower and lower um there 123 00:08:04,220 --> 00:08:10,780 were a lot of big corners that had a shit ton of fucking exposure to it and it's yet to be seen if 124 00:08:10,780 --> 00:08:16,840 his preferred strategy will pay off i mean this week was i think the first week where he bought 125 00:08:16,840 --> 00:08:23,940 decent size without selling common stock and the stock just kept going down you know that's what 126 00:08:23,940 --> 00:08:24,940 people have been waiting for. 127 00:08:25,760 --> 00:08:29,620 It's under $200 right now. 128 00:08:29,820 --> 00:08:32,060 It peaked over $500 this time last year. 129 00:08:32,760 --> 00:08:34,800 So yeah, it's down way more than 50%. 130 00:08:34,800 --> 00:08:40,140 I saw Fartface, OG, RHR freak. 131 00:08:40,600 --> 00:08:42,220 I don't know if Fartface still listens these days. 132 00:08:42,260 --> 00:08:43,120 If you do, let us know. 133 00:08:43,120 --> 00:08:50,220 But he had a long tweet basically expressing regret about, 134 00:08:50,220 --> 00:08:53,920 I guess quote unquote diversifying in the strategy. 135 00:08:54,060 --> 00:08:55,980 No, no, no, no, no. He's been anti-strategy. 136 00:08:56,160 --> 00:08:58,380 He was, his long tweet was quoting someone else, 137 00:08:58,380 --> 00:08:59,980 like one of his buddies who messaged him. 138 00:09:01,640 --> 00:09:04,180 But same, same, same, same. 139 00:09:04,640 --> 00:09:07,840 And I mean, it also goes like MetaPlanet, 140 00:09:07,920 --> 00:09:09,760 like what is MetaPlanet down from its peak? 141 00:09:09,760 --> 00:09:11,840 Like that's got to be like 90% down. 142 00:09:13,220 --> 00:09:15,880 Yeah, Mike Mann saying he's still 50% up on Nostra. 143 00:09:15,940 --> 00:09:18,720 Like congratulations on strategy. 144 00:09:18,900 --> 00:09:20,040 Like congratulations, that's great. 145 00:09:20,220 --> 00:09:22,180 There's a lot of people that aren't. 146 00:09:22,740 --> 00:09:24,320 And they're selling Bitcoin, presumably. 147 00:09:25,360 --> 00:09:28,540 And then the other piece, which we've talked about in the past, is like, I don't think, 148 00:09:28,540 --> 00:09:30,500 you know, Saylor will be a forced seller. 149 00:09:30,500 --> 00:09:38,180 I think he's pretty deliberate about his goal here to just try and accumulate and take on 150 00:09:38,180 --> 00:09:41,000 reasonable risk relentlessly. 151 00:09:42,080 --> 00:09:45,140 But something we've talked about in the past is like, when there's fear in the streets, 152 00:09:45,140 --> 00:09:47,280 like people are just going to theorize that he's dumping. 153 00:09:47,280 --> 00:09:51,060 and that's going to cause a circular feedback loop. 154 00:09:51,420 --> 00:09:52,260 And that's what we saw today. 155 00:09:52,340 --> 00:09:52,920 I don't know if you saw, 156 00:09:53,020 --> 00:09:54,520 all the engagement accounts were like, 157 00:09:54,560 --> 00:09:55,900 sailors selling, blah, blah, blah. 158 00:09:56,280 --> 00:09:58,860 And then he posted poorly timed AI slop 159 00:09:58,860 --> 00:10:00,920 that looked like he was evacuating the Titanic 160 00:10:00,920 --> 00:10:04,280 before he corrected the record and said, 161 00:10:04,360 --> 00:10:05,540 oh no, we didn't sell anything. 162 00:10:07,060 --> 00:10:09,540 That was a terrible AI generation. 163 00:10:11,940 --> 00:10:12,660 Looking at it now. 164 00:10:12,660 --> 00:10:13,860 I know what he meant to do. 165 00:10:15,280 --> 00:10:16,700 Yeah, it's like, come on, brother. 166 00:10:17,280 --> 00:10:24,520 You meant to mean like the economy was the Titanic and he was – the microstrategy was the lifeboat. 167 00:10:24,520 --> 00:10:32,140 But it did look like he was just abandoning microstrategy by himself. 168 00:10:33,860 --> 00:10:34,820 Look, I'm going to pull it up. 169 00:10:34,880 --> 00:10:42,980 If we look at the fear and greed index, it's at 16, which is five points below where it was last week when we checked it. 170 00:10:43,040 --> 00:10:44,540 It was at 21, I believe. 171 00:10:45,300 --> 00:10:46,680 So it's fear in the streets. 172 00:10:46,680 --> 00:10:54,080 My personal indicators are going off with a couple of Bitcoiners who are getting, at least one of them is getting a bit nervous. 173 00:10:54,280 --> 00:10:55,680 And I'm like, brother, hold on. 174 00:10:57,120 --> 00:11:02,520 I'm not going to give financial advice, but it's using pattern recognition, sentiment recognition. 175 00:11:02,520 --> 00:11:04,260 You're not going to give financial advice? 176 00:11:04,640 --> 00:11:05,640 Over 12 years. 177 00:11:05,660 --> 00:11:08,480 We've been giving financial advice every week for seven years. 178 00:11:09,220 --> 00:11:14,520 I also got texts from a buddy this morning like, hey, how far is this going? 179 00:11:14,520 --> 00:11:16,340 I'm looking to scoop up some coin. 180 00:11:16,680 --> 00:11:17,720 I was like, I don't know. 181 00:11:18,420 --> 00:11:20,420 Sentiment-wise, people are freaking out. 182 00:11:20,680 --> 00:11:22,140 Everybody's convinced we're going to 80K. 183 00:11:23,360 --> 00:11:26,300 As we know, Bitcoin doesn't do what you think it's going to do 184 00:11:26,300 --> 00:11:29,060 or what you want it to do at any given point in time 185 00:11:29,060 --> 00:11:30,440 over the long time horizon. 186 00:11:30,820 --> 00:11:33,360 It certainly proves to be a good store of value. 187 00:11:34,580 --> 00:11:38,120 Sentiment-wise, I'm like, we're getting close to a point 188 00:11:38,120 --> 00:11:41,560 where things feel exacerbated. 189 00:11:41,560 --> 00:11:46,080 Then you couple that with, I mean, we were just talking about 190 00:11:46,080 --> 00:11:51,720 in a personal message strike just tweeted out they're having like a record volume day a bunch 191 00:11:51,720 --> 00:11:57,480 of people buying the dip there and we have it on the list we'll talk about it but i think to be 192 00:11:57,480 --> 00:12:04,120 clear that includes selling the dip but yes yes that's true but uh it's a big announcement about 193 00:12:04,120 --> 00:12:12,580 60 40 buy sells i think right now that's hey still in favor of buys uh square cash app big 194 00:12:12,580 --> 00:12:18,300 release week for them we'll talk about that in depth uh i think abu dhabi just filed a report 195 00:12:18,300 --> 00:12:24,540 they doubled their allocation to ibit um we know the actual like besides the price action 196 00:12:24,540 --> 00:12:28,480 like when i was making the list like it was a really bullish week 197 00:12:28,480 --> 00:12:37,800 besides the fact that like our our net worth is just fucking plummeting going yeah just 198 00:12:37,800 --> 00:12:40,340 absolutely going to fucking hell and back. 199 00:12:40,960 --> 00:12:43,040 Besides that, quite bullish week. 200 00:12:44,060 --> 00:12:44,240 Yeah. 201 00:12:44,920 --> 00:12:45,420 Should we jump in? 202 00:12:45,480 --> 00:12:46,740 Let's get people bullish. 203 00:12:46,960 --> 00:12:47,600 Let's get people, 204 00:12:48,500 --> 00:12:49,420 let's remind people 205 00:12:49,420 --> 00:12:51,400 that we're here for a peer-to-peer 206 00:12:51,400 --> 00:12:52,720 distributed cash system 207 00:12:52,720 --> 00:12:54,280 with a hard cap supply 208 00:12:54,280 --> 00:12:56,040 that can be controlled by no individual, 209 00:12:56,200 --> 00:12:57,500 no corporation, no government. 210 00:12:57,940 --> 00:12:59,660 That has fundamental value 211 00:12:59,660 --> 00:13:00,680 that has not gone away 212 00:13:00,680 --> 00:13:01,620 despite the price going. 213 00:13:01,700 --> 00:13:03,260 Dude, before we get bullish, 214 00:13:03,260 --> 00:13:03,780 I just, 215 00:13:04,700 --> 00:13:06,180 just in the spirit, 216 00:13:06,320 --> 00:13:07,620 in the spirit of the bearishness, 217 00:13:07,800 --> 00:13:09,560 I just want to just put it out there. 218 00:13:09,560 --> 00:13:11,120 Like if, 219 00:13:11,320 --> 00:13:13,400 if it takes four years to reclaim all time, 220 00:13:13,460 --> 00:13:14,080 I like, 221 00:13:14,220 --> 00:13:14,940 fuck that shit. 222 00:13:15,280 --> 00:13:16,520 That would fucking suck. 223 00:13:17,320 --> 00:13:17,680 Okay. 224 00:13:17,740 --> 00:13:18,380 Now we can, 225 00:13:18,540 --> 00:13:19,180 we can return. 226 00:13:19,340 --> 00:13:21,180 People believe that it's going to take four years, 227 00:13:21,180 --> 00:13:22,340 but despite that, 228 00:13:22,400 --> 00:13:22,920 that would just, 229 00:13:23,020 --> 00:13:24,780 that would be the worst timeline ever. 230 00:13:24,880 --> 00:13:25,880 That would just fucking suck. 231 00:13:25,940 --> 00:13:26,160 I mean, 232 00:13:26,160 --> 00:13:27,080 it is what it is. 233 00:13:27,460 --> 00:13:39,109 Unlike sailor I going down with the ship but we in it for the tech brother we in it for the tech okay number go up it just a sideshow yeah well the the tech is my family life savings 234 00:13:39,109 --> 00:13:49,609 so speaking of the tech uh obviously i alluded to it square finally or not finally uh they said 235 00:13:49,609 --> 00:13:54,709 they were going to enable uh their sellers to be able to accept bitcoin on november 10th 236 00:13:54,709 --> 00:13:58,449 stayed to that deadline, released it to all merchants. 237 00:13:59,089 --> 00:14:02,169 It seems like it was a very successful launch for them. 238 00:14:02,429 --> 00:14:06,429 A lot of Bitcoiners were activated going around to local Square merchants 239 00:14:06,429 --> 00:14:10,909 and helping them turn on the Accept Bitcoin feature. 240 00:14:11,409 --> 00:14:16,609 And I believe on btcmaps.org, which is an open source map project, 241 00:14:16,689 --> 00:14:22,249 that will let you know where all the vendors are that accept Bitcoin are throughout the world. 242 00:14:22,249 --> 00:14:31,129 I saw a tweet earlier this week that there was 50 pages of pending sort of PR merges for Square Merchant Saloon. 243 00:14:31,789 --> 00:14:40,589 So it seems like there are a lot of merchants out there that are turning this on and looking to reap the benefits of being on the map within Cash App. 244 00:14:40,649 --> 00:14:41,369 We'll talk about that. 245 00:14:41,469 --> 00:14:47,809 I was actually in New York City on Wednesday this week for the Cash App releases event. 246 00:14:48,509 --> 00:14:49,529 Incredibly impressive. 247 00:14:49,529 --> 00:14:59,329 they've released a ton of features not just bitcoin related they enabled a ai chat bot 248 00:14:59,329 --> 00:15:06,689 called money bot i want to talk about that uh really just making the app more featureful 249 00:15:06,689 --> 00:15:14,169 making it easier for people to pull money together to pay for things obviously bitcoin 250 00:15:14,169 --> 00:15:16,369 becoming a first class citizen again 251 00:15:16,369 --> 00:15:18,509 making it very easy to pay 252 00:15:18,509 --> 00:15:20,609 Bitcoin invoices with your dollar 253 00:15:20,609 --> 00:15:22,589 balance on Cash App, that's a massive feature 254 00:15:22,589 --> 00:15:24,709 that Strike really innovated 255 00:15:24,709 --> 00:15:26,729 on. What else did they 256 00:15:26,729 --> 00:15:29,189 release? LNURL 257 00:15:29,189 --> 00:15:30,849 you can send Bitcoin 258 00:15:30,849 --> 00:15:32,729 to Cash App user 259 00:15:32,729 --> 00:15:35,189 using their cash tag at cash.app 260 00:15:35,189 --> 00:15:36,949 Everyone has a lightning 261 00:15:36,949 --> 00:15:37,469 address 262 00:15:37,469 --> 00:15:39,529 Everyone has a lightning address 263 00:15:39,529 --> 00:15:41,929 They enabled stable coins as well 264 00:15:41,929 --> 00:15:43,909 so you can send stable coins 265 00:15:43,909 --> 00:15:49,809 that's not live yet right no i think they were teasing that it's going to go live in 2026 so 266 00:15:49,809 --> 00:15:56,009 but they were demoing it at um at the releases event and it was really cool i think it was 267 00:15:56,009 --> 00:16:03,249 a massive week for for block the parent company of square in cash app and um i think i alluded 268 00:16:03,249 --> 00:16:08,689 to it last week but i recorded with miles suitor who's a good friend of ours and the head of bitcoin 269 00:16:08,689 --> 00:16:14,769 product at block and we talked a lot about how that company has sort of reorganized themselves 270 00:16:14,769 --> 00:16:21,349 to really begin leaning into shipping more products at a increased clip and then leaning 271 00:16:21,349 --> 00:16:27,409 into they've been on a tear lately yeah um what do you think about all this good week 272 00:16:27,409 --> 00:16:38,109 yeah i mean massive huge props to their team i mean i had dorsey on dispatch late january 273 00:16:38,109 --> 00:16:43,769 early February, I forget the exact date. And we were talking about Bitcoin as a medium of exchange. 274 00:16:43,769 --> 00:16:48,389 And of course, the obvious question came up. Well, you have 4 million merchants, 275 00:16:48,649 --> 00:16:54,309 when are you going to enable Bitcoin payments? And he said it was not on the near-term roadmap at all, 276 00:16:54,709 --> 00:17:00,309 that we weren't at the right timing for the adoption cycle. So that just gives you a little 277 00:17:00,309 --> 00:17:08,509 context um about how quick they ship this thing right it probably was like six months ago seven 278 00:17:08,509 --> 00:17:13,489 months ago they're like okay we need to make this happen for our four million merchants and then 279 00:17:13,489 --> 00:17:19,529 they just fucking made it happen which is uh quite fast love to see you know less hype and more 280 00:17:19,529 --> 00:17:26,369 more shipping um and it just feels it feels like a big moment it feels like a big moment 281 00:17:26,369 --> 00:17:30,169 we've had multiple false starts in terms of merchant adoption in the past. 282 00:17:31,649 --> 00:17:36,749 So I think it's clever that they packaged it with all these other things. First of all, 283 00:17:36,829 --> 00:17:41,289 0% fees for merchants. Look, merchants are hurting. We've talked about the silent depression going on 284 00:17:41,289 --> 00:17:45,709 right now. If a merchant can save 3%, that moves the needle. I think that really moves the needle. 285 00:17:46,229 --> 00:17:51,209 Then on the user side, enabling the strike-like feature of being able to pay for your cash balance 286 00:17:51,209 --> 00:17:55,349 so you don't have to have Bitcoin to be able to pay the merchant in Bitcoin. 287 00:17:56,069 --> 00:17:59,729 And then that last piece where the merchant, whether they accept Bitcoin or dollars, 288 00:17:59,829 --> 00:18:02,529 basically can choose how much in Bitcoin or dollars they want to keep. 289 00:18:03,489 --> 00:18:07,209 I think it kind of just brings it all together and will hopefully make it more sticky. 290 00:18:07,809 --> 00:18:12,549 I would say with all that said, once again, huge congrats. 291 00:18:12,669 --> 00:18:15,449 I'm sure this is just the beginning and they're going to iterate from here. 292 00:18:15,449 --> 00:18:16,849 It's good to get things live. 293 00:18:16,849 --> 00:18:22,649 when they were first talking about this like right before the bitcoin conference when they 294 00:18:22,649 --> 00:18:28,829 enabled they were talking about enabling it by default but if the merchant didn't opt in 295 00:18:28,829 --> 00:18:34,689 it would just automatically convert to dollars i think that would reduce a lot of friction 296 00:18:34,689 --> 00:18:43,669 specifically uh specifically when when you have the square payment terminals that are facing the 297 00:18:43,669 --> 00:18:48,769 user like facing the customer it should just whether like it should just always show a lightning 298 00:18:48,769 --> 00:18:54,029 qr code there like i shouldn't have to ask the merchant i want to pay with bitcoin because i 299 00:18:54,029 --> 00:18:57,109 we're going to be like two months down the road the cashier is not going to know what i'm talking 300 00:18:57,109 --> 00:19:01,229 about they're going to like there's going to be like five people behind me like my fucking toddler 301 00:19:01,229 --> 00:19:07,849 is going to be screaming and i'm going to be like joe do you accept bitcoin and it's just i it could 302 00:19:07,849 --> 00:19:12,009 be cleaned up like they can they can make that a little bit more streamlined but make let like 303 00:19:12,009 --> 00:19:16,009 then the merchant gets it in dollars. We're not forcing the merchant to accept Bitcoin. 304 00:19:16,189 --> 00:19:25,149 That makes sense to me. I think that would go a long way to make this process a little bit easier. 305 00:19:25,149 --> 00:19:28,909 Then the second piece, which I expect them to do, but I don't think they really announced it, 306 00:19:29,509 --> 00:19:33,669 is, okay, so it's obvious to the merchant why they would want to enable it. They want to save 307 00:19:33,669 --> 00:19:40,789 the 3%. How do we encourage Bitcoin to spend Bitcoin when many of our peers don't want to 308 00:19:40,789 --> 00:19:47,269 spend Bitcoin. I mean, we have at Bitcoin Park in Nashville, we have ride or die Bitcoiners come 309 00:19:47,269 --> 00:19:52,029 every month. And every month we put out, we have food for sale in Bitcoin, like local vendors in 310 00:19:52,029 --> 00:19:56,469 Bitcoin and the payment percentage is like 20%. And that's like among a specific ride or die that 311 00:19:56,469 --> 00:20:03,649 know that they can pay with Bitcoin. And I think Cash App specifically is really uniquely positioned 312 00:20:03,649 --> 00:20:10,349 to go heavy in the reward space, right? Like give the users direct incentive to pay with Bitcoin. 313 00:20:10,349 --> 00:20:13,529 because if a user is able to save 2%, 3%, 314 00:20:13,529 --> 00:20:15,829 once again, they're also in a silent depression, 315 00:20:15,949 --> 00:20:17,389 they'll probably take them up on that offer 316 00:20:17,389 --> 00:20:18,069 and pay in Bitcoin. 317 00:20:19,589 --> 00:20:20,769 Yeah, it's everybody saying, 318 00:20:20,909 --> 00:20:23,069 why would I spend my Bitcoin? 319 00:20:23,229 --> 00:20:24,269 It's like, get on a Bitcoin standard 320 00:20:24,269 --> 00:20:25,669 if you run the numbers. 321 00:20:27,189 --> 00:20:27,849 That's another thing. 322 00:20:28,089 --> 00:20:29,029 I mean, they've had it, 323 00:20:29,069 --> 00:20:32,409 but if you direct deposit your paycheck 324 00:20:32,409 --> 00:20:33,569 into Cash App, 325 00:20:33,629 --> 00:20:34,849 you can automatically convert that 326 00:20:34,849 --> 00:20:36,489 and the Bitcoin live on a Bitcoin standard. 327 00:20:38,669 --> 00:20:40,109 So yeah, I think... 328 00:20:40,349 --> 00:20:42,269 really big. 329 00:20:42,409 --> 00:20:44,289 And in terms of, you mentioned the conference 330 00:20:44,289 --> 00:20:48,449 and the rollout of the, I guess, beta test at the conference. 331 00:20:49,149 --> 00:20:52,529 Miles told a really cool story about that on TFTC, 332 00:20:52,829 --> 00:20:54,529 like seeing the evolution of this. 333 00:20:54,809 --> 00:20:57,729 I think to your point about your conversation with Jack 334 00:20:57,729 --> 00:21:01,729 earlier this year, I think they weren't really expecting 335 00:21:01,729 --> 00:21:03,469 to roll it out this fast at all. 336 00:21:03,589 --> 00:21:05,429 And just felt like, hey, let's go do it. 337 00:21:05,889 --> 00:21:06,889 But I'm not going to spoil that. 338 00:21:06,889 --> 00:21:11,809 yeah it's just big like if not us then who energy and they're just fucking shit the thing 339 00:21:11,809 --> 00:21:17,649 so awesome and uh i mean if you if you just put numbers around it too i think collectively the 340 00:21:17,649 --> 00:21:24,689 four million square sellers last year did something like 250 million dollars or billion dollars excuse 341 00:21:24,689 --> 00:21:32,149 me quarter of a trillion dollars in um in gross volume sales through through their terminals and 342 00:21:32,149 --> 00:21:36,789 So if you just run the numbers there, you get 10% of that volume converted to Bitcoin. 343 00:21:36,909 --> 00:21:39,629 I think that's probably a lofty goal, but let's just throw it out there. 344 00:21:39,629 --> 00:21:47,749 If you were to do that, it'd be $25 billion of constant buy pressure if you're converting fiat, 10% of your fiat revenues into Bitcoin. 345 00:21:48,209 --> 00:21:53,949 And that is almost half of the ETF flows from last year or from this year as well. 346 00:21:54,249 --> 00:21:55,189 So that's like a pretty... 347 00:21:55,189 --> 00:21:59,569 I think in the short term, that's going to be, if you look at like actual volume numbers, 348 00:22:00,009 --> 00:22:04,469 I think that feature is going to dwarf people actually paying in Bitcoin. 349 00:22:05,409 --> 00:22:09,269 The ability for the merchant to choose how much of their dollars automatically get converted. 350 00:22:09,489 --> 00:22:11,229 I think it's zero fee into Bitcoin. 351 00:22:13,269 --> 00:22:15,389 I think a lot of merchants will choose that. 352 00:22:15,389 --> 00:22:22,829 And I think it's going to be a long grind to actually get consumer adoption up on people spending Bitcoin. 353 00:22:22,829 --> 00:22:24,929 but I will just say 354 00:22:24,929 --> 00:22:26,169 I love spending Bitcoin 355 00:22:26,169 --> 00:22:27,489 but also at the same point 356 00:22:27,489 --> 00:22:29,569 I've been at conferences 357 00:22:29,569 --> 00:22:31,909 where they accept Bitcoin 358 00:22:31,909 --> 00:22:33,909 and if the merchant 359 00:22:33,909 --> 00:22:36,789 if the cashier behind the counter 360 00:22:36,789 --> 00:22:39,229 has to do an extra step 361 00:22:39,229 --> 00:22:40,229 to accept your Bitcoin 362 00:22:40,229 --> 00:22:43,229 if it's Apple Pay or Google Pay 363 00:22:43,229 --> 00:22:44,309 it's literally just like 364 00:22:44,309 --> 00:22:46,049 you just tap your fucking phone 365 00:22:46,049 --> 00:22:48,389 but for the cashier it's super easy 366 00:22:48,389 --> 00:22:50,349 but if they have to do something else 367 00:22:50,349 --> 00:22:51,509 to get you to accept Bitcoin 368 00:22:51,509 --> 00:22:52,809 they start resenting it 369 00:22:52,829 --> 00:22:54,409 Like they really, really resent it. 370 00:22:54,829 --> 00:23:01,029 And Square is in this unique position where a lot of their point of sales are already pointed at the user, right? 371 00:23:01,049 --> 00:23:02,269 Where you pick your tip amount. 372 00:23:02,549 --> 00:23:06,789 You know, everyone always gets mad that they like force the tip in front of you. 373 00:23:06,789 --> 00:23:14,989 But that screen that's facing you, you know, dedicate at the top, you know, the top right corner and just put a lightning invoice over there all the time. 374 00:23:15,029 --> 00:23:16,489 So you don't have to say anything to the merchant. 375 00:23:16,609 --> 00:23:21,149 You just fucking take out your phone as if you're going to pay with Apple Pay and just scan the invoice. 376 00:23:21,149 --> 00:23:25,849 or maybe it's just like a button by the tip like pay bitcoin like hit the tip pay bitcoin yeah but 377 00:23:25,849 --> 00:23:31,309 put it in the put it in the user's hands yeah instead of them scrolling in the background and 378 00:23:31,309 --> 00:23:38,209 clicking bitcoin yeah look at us product feedback for the for the square team here think about it 379 00:23:38,209 --> 00:23:44,189 power users here now in the i mean the other feature to the cash app release and i 380 00:23:44,189 --> 00:23:49,769 was able to sort of interact with the demo money bot like this is from 381 00:23:49,769 --> 00:24:00,129 from a fintech app sort of feature like it it was extremely powerful like i'm not sure if you 382 00:24:00,129 --> 00:24:06,189 guys watched a demo but you can interact with it like say hey it's like chat gpt and cash app right 383 00:24:06,189 --> 00:24:13,769 but it's even more like it feels more sort of focused than chat gpt because like let's say 384 00:24:13,769 --> 00:24:19,009 one of the user flows they walk through is like you out we go out to dinner i pick up the bill 385 00:24:19,009 --> 00:24:25,029 with my cash card. And then I go into Cash App and say, hey, I actually split this bill 386 00:24:25,029 --> 00:24:30,069 with Matt. Can you send him an invoice for half the bill minus the tip? And I'll automatically 387 00:24:30,069 --> 00:24:35,949 do that. Matt in the middle at the end, like, yes, confirm. This is how much I want to request 388 00:24:35,949 --> 00:24:41,109 for Matt. And then on top of that, you can say, hey, how's my spending been? Over the last month, 389 00:24:41,129 --> 00:24:45,569 I'm going to start saving. Can you help me build a diversified portfolio of Bitcoin and stocks? 390 00:24:45,569 --> 00:24:50,389 and it can do stuff like that and say hey if you wanted to or i want to dump all my 391 00:24:50,389 --> 00:24:55,669 sort of excess disposable income that i'm not spending in bitcoin per month i want to do that 392 00:24:55,669 --> 00:25:00,669 automatically and it can set up that flow for you and i just think it's like what it's like a 393 00:25:00,669 --> 00:25:08,329 virtual financial planner basically sass assistant right yeah which is like from a fintech feature 394 00:25:08,329 --> 00:25:15,089 perspective i think it's cutting edge um and they're leveraging goose in a bunch of i think 395 00:25:15,089 --> 00:25:16,829 dedicated models that they built 396 00:25:16,829 --> 00:25:19,149 internally for the different features and obviously 397 00:25:19,149 --> 00:25:21,109 they have a ton of data on all 398 00:25:21,109 --> 00:25:23,209 their users on the consumer side and the 399 00:25:23,209 --> 00:25:24,109 merchant side 400 00:25:24,109 --> 00:25:27,049 so I'm actually really excited to see how 401 00:25:27,049 --> 00:25:29,249 people interact with that as well 402 00:25:29,249 --> 00:25:31,149 but yeah 403 00:25:31,149 --> 00:25:32,969 it's a good day for Bitcoin again like 4 million 404 00:25:32,969 --> 00:25:35,169 merchants now have 405 00:25:35,169 --> 00:25:37,049 the ability to incorporate 406 00:25:37,049 --> 00:25:39,049 Bitcoin into their business strategy 407 00:25:39,049 --> 00:25:40,049 very easily 408 00:25:40,049 --> 00:25:42,969 pretty cool and to your point about timing 409 00:25:42,969 --> 00:25:45,049 isn't giving up too much but it's like 410 00:25:45,089 --> 00:25:49,729 miles said it's like today's the best day tomorrow will be the best day let's just get it out there 411 00:25:49,729 --> 00:25:53,849 and yeah it's like what people talk about with the ai stuff right it's like this is the worst 412 00:25:53,849 --> 00:26:00,529 it'll ever be yeah exactly um no yeah i i'm overwhelmingly positive about this and i think 413 00:26:00,529 --> 00:26:05,349 uh the team deserves huge credit i mean we've been talking about it right like i i think block 414 00:26:05,349 --> 00:26:13,009 has quietly become like the shining example of a large well-executed vertically integrated bitcoin 415 00:26:13,009 --> 00:26:18,029 business, right? That that's cashflow positive, they're profitable, and then they're saving, 416 00:26:18,289 --> 00:26:21,249 you know, they're saving in Bitcoin, they're saving a portion of their profits in Bitcoin. 417 00:26:21,869 --> 00:26:25,849 And we've also talked about in the past that, you know, a lot of focus has historically been 418 00:26:25,849 --> 00:26:30,249 on public companies and their Bitcoin strategy. And that makes sense because public companies are 419 00:26:30,249 --> 00:26:35,049 large companies and people can buy and sell the stock and there's a lot of attention on them. 420 00:26:35,049 --> 00:26:41,389 But Bitcoin has historically been a massive equalizer and superpower for small businesses. 421 00:26:41,389 --> 00:26:46,929 So to see the stack get rolled out to, you know, the local ice cream store, the local 422 00:26:46,929 --> 00:26:53,049 taco shack, uh, and give them first-class Bitcoin tools, uh, I think we'll pay massive 423 00:26:53,049 --> 00:26:55,329 dividends to those Square merchants long-term. 424 00:26:56,909 --> 00:26:57,109 Agreed. 425 00:26:57,829 --> 00:26:58,349 Agreed. 426 00:26:58,509 --> 00:27:10,759 Shout out to everybody at Cash App Square Jack Miles Owen I trying to think of the other names in my mind right now they escaping me but i know it been 427 00:27:10,759 --> 00:27:16,719 a massive effort by everybody over there pushing bitcoin forward great to see with that we have a 428 00:27:16,719 --> 00:27:24,559 couple of 21 000 so you you missed about 10 000 people um yeah it was close yeah so minor's app 429 00:27:24,559 --> 00:27:29,399 as 21,000 sats, so a miner will always accept sats no matter what. Bitcoin is money. Use it as 430 00:27:29,399 --> 00:27:36,859 such. Number go up. Doesn't matter. Freedom go up. Matters. Royster, 21,212 sats, palindromes, 431 00:27:36,859 --> 00:27:44,379 zap. Guys, I'm feeling bullish. I am too, Royster. I am too, believe it or not. I feel most bullish 432 00:27:44,379 --> 00:27:48,699 when everybody is scared. 433 00:27:49,599 --> 00:27:49,979 Is scared. 434 00:27:50,499 --> 00:27:51,699 FL Justin zapped. 435 00:27:52,339 --> 00:27:55,559 103,301 zats. 436 00:27:56,039 --> 00:27:57,139 Palindrome zap. 437 00:27:57,879 --> 00:27:58,659 Cheers to you, fellas. 438 00:27:58,759 --> 00:28:00,759 Marty, appreciate you taking a look at my DM on LinkedIn. 439 00:28:00,759 --> 00:28:03,039 Sorry to make you go to that hellscape. 440 00:28:03,119 --> 00:28:04,879 Three weeks viewing live show 441 00:28:04,879 --> 00:28:07,479 and not worrying about curse words in the car with kiddos 442 00:28:07,479 --> 00:28:08,219 thanks to Primal. 443 00:28:08,779 --> 00:28:09,359 Noster dads. 444 00:28:09,439 --> 00:28:11,579 Hashtag Noster dads are going to help us win. 445 00:28:11,779 --> 00:28:12,319 Yes, we are. 446 00:28:12,879 --> 00:28:13,639 Shout out to you, Justin. 447 00:28:14,379 --> 00:28:18,879 that's it for the zaps right now while we're speaking to the audience i want queen to know 448 00:28:18,879 --> 00:28:25,899 that i can speak whenever i want hey no you can't shut up don't interject again 449 00:28:25,899 --> 00:28:32,579 i support you logan oh kidding i'm kidding you can speak whenever you want if it's valuable you know 450 00:28:32,579 --> 00:28:39,339 uh next up on the list we mentioned it but record strike day uh from a volumes perspective 451 00:28:39,339 --> 00:28:45,839 didn't throw out any hard numbers but all systems are running smoothly they're big numbers 452 00:28:45,839 --> 00:28:52,799 big numbers i like big numbers i like very big numbers the biggest numbers the biggest numbers 453 00:28:52,799 --> 00:28:59,339 uh this was big news earlier this week tether has committed 100 million dollars for rumble 454 00:28:59,339 --> 00:29:08,459 advertising so on the surface uh you know this doesn't seem like really notable bitcoin news 455 00:29:08,459 --> 00:29:14,859 but I mean as a freaks know Tether bought you know effectively half of Rumble 456 00:29:14,859 --> 00:29:26,079 for I believe 750 million dollars earlier in the year and since then Rumble's entire roadmap 457 00:29:26,079 --> 00:29:34,859 seems to be turning into basically like Paolo's dream public operating business and do you see this 458 00:29:34,859 --> 00:29:39,359 this roadmap that Logan, can you click it? 459 00:29:39,739 --> 00:29:41,399 The founder of rumble came out with. 460 00:29:41,439 --> 00:29:45,459 It's like literally just like if Palo was building a company from scratch, 461 00:29:45,459 --> 00:29:50,899 it's like Bitcoin wallet, AI, encrypted email, web browser. 462 00:29:52,439 --> 00:29:56,099 So, I mean, I think, and then obviously, you know, 463 00:29:56,159 --> 00:29:59,399 Tether's kind of paying themselves here with this a hundred million dollar ad 464 00:29:59,399 --> 00:30:06,579 budget. But I assume a lot of that will be Bitcoin focused as well to Rumble users. 465 00:30:08,339 --> 00:30:14,479 Is it like Tether's doing a hundred million dollar ad spend to pump Tether in their services 466 00:30:14,479 --> 00:30:19,959 or is it just? Yes. Yes. On Rumble, on Rumble. Right. So it's like, 467 00:30:20,779 --> 00:30:24,759 you know, when you're watching Rumble and you get one of the horrible ads on Rumble, 468 00:30:25,499 --> 00:30:28,099 Now one of the horrible ads will be like Tether focus. 469 00:30:29,079 --> 00:30:32,279 And probably a lot of them will be at that level of spend. 470 00:30:33,779 --> 00:30:36,439 But at the same time, they're releasing the Rumble wallet, 471 00:30:36,519 --> 00:30:38,019 which is going to be Tether and Bitcoin enabled. 472 00:30:38,739 --> 00:30:41,539 So I just think this is something to highlight. 473 00:30:41,719 --> 00:30:43,579 Clearly, they have massive ambitions here. 474 00:30:43,979 --> 00:30:45,899 Obviously, Tether has a massive war chest. 475 00:30:47,359 --> 00:30:49,679 Rumble has a significant user base. 476 00:30:50,519 --> 00:30:53,239 And it should be interesting to watch them build this out. 477 00:30:54,759 --> 00:31:00,639 yeah i just i thought it needed to be highlighted i feel comfortable saying this but i actually 478 00:31:00,639 --> 00:31:06,459 some of you may know i was in uh dc recording with connor brown a few weeks ago in the rumble 479 00:31:06,459 --> 00:31:11,359 studios and it's funny after we recorded there was a rumble employee there who was our producer 480 00:31:11,359 --> 00:31:15,579 that day and he was asking us questions about bitcoin he's like it's a good time but i were 481 00:31:15,579 --> 00:31:19,679 like yeah it's the humble stack stats and he's like i'm just waiting for the uh the rumble wallet 482 00:31:19,679 --> 00:31:25,719 to launch it's like so i think internally they're really driving this too i feel like it that was a 483 00:31:25,719 --> 00:31:31,499 sort of anecdotal data point to me that's not smoke and mirrors are actually moving towards 484 00:31:31,499 --> 00:31:37,639 this internally at rumble i mean chris has clearly bought in um and i mean rumble put 485 00:31:37,639 --> 00:31:42,319 bitcoin on their balance sheet as well so we'll see how it plays out but i uh 486 00:31:42,319 --> 00:31:44,739 I don't know. 487 00:31:44,839 --> 00:31:48,099 You can go back and listen to Rabbit Hole Recap 488 00:31:48,099 --> 00:31:51,039 when MicroStrategy first launched, 489 00:31:51,239 --> 00:31:53,039 Saylor first launched his Bitcoin strategy. 490 00:31:53,559 --> 00:31:55,079 Nobody had any idea who he was. 491 00:31:57,259 --> 00:32:01,739 You can look back when Cash App first started dabbling in Bitcoin. 492 00:32:02,839 --> 00:32:05,159 And I feel like this is also could be one of those moments, 493 00:32:05,559 --> 00:32:08,419 like the quiet before Rumble starts, 494 00:32:08,419 --> 00:32:10,559 just going hard on 495 00:32:10,559 --> 00:32:13,839 Bitcoin and related things. 496 00:32:15,899 --> 00:32:18,219 It should be interesting. Obviously, it's centralized. 497 00:32:20,559 --> 00:32:22,519 It comes with all the issues of centralization, 498 00:32:22,739 --> 00:32:25,379 but that roadmap is kind of fascinating. 499 00:32:25,379 --> 00:32:28,419 When you think Rumble, what do you think? You think a YouTube competitor. 500 00:32:29,519 --> 00:32:31,819 But if you look at that roadmap, it's literally like 501 00:32:31,819 --> 00:32:34,199 AI data centers. 502 00:32:35,079 --> 00:32:37,839 It's what Paolo and Tether have been investing in. 503 00:32:38,419 --> 00:32:45,079 It's like AI, encryption, P2P communication, wallet infrastructure. 504 00:32:48,839 --> 00:32:50,059 So we'll see. 505 00:32:50,659 --> 00:32:52,719 Very freedom tech forward, if you will. 506 00:32:53,699 --> 00:32:53,919 Yeah. 507 00:32:54,659 --> 00:32:57,599 MAV21 zapped us 21,000 sats with no message. 508 00:32:57,719 --> 00:32:58,919 Thank you, MAV21. 509 00:32:59,099 --> 00:32:59,619 Ride or die. 510 00:33:00,679 --> 00:33:02,339 Sats speak louder than words. 511 00:33:03,079 --> 00:33:03,439 They do. 512 00:33:03,659 --> 00:33:04,219 They really do. 513 00:33:04,839 --> 00:33:05,819 I love that. 514 00:33:05,819 --> 00:33:07,479 Sats speak louder than words. 515 00:33:08,419 --> 00:33:31,519 And there was a lot of words spoken on the internet and other places this week after over the weekend, President Trump, I believe, at Mar-a-Lago announced that he's going to make an FDR-like move, which I thought was pretty interesting that he would try to compare himself to FDR is known as the enabler of the welfare state here in the United States. 516 00:33:31,519 --> 00:33:41,939 And he's going to introduce a 50-year mortgage, work to introduce a 50-year mortgage to United States citizens to help them get into housing. 517 00:33:43,039 --> 00:33:48,799 And a day later, it was reported by Unusual Whales that they're also working on 15-year car loans. 518 00:33:48,799 --> 00:34:01,159 And this seems to me like the president and his administration are completely disconnected from the zeitgeist and not really sort of attuned to what the core of the problem is. 519 00:34:01,519 --> 00:34:02,499 housing affordability. 520 00:34:03,279 --> 00:34:04,499 It's lipstick on a pig. 521 00:34:05,219 --> 00:34:07,199 It's worse than lipstick on a pig. 522 00:34:07,419 --> 00:34:07,859 It's like, 523 00:34:10,599 --> 00:34:10,979 it's, 524 00:34:11,219 --> 00:34:12,159 I mean, 525 00:34:12,399 --> 00:34:14,179 I think that that makes housing more affordable. 526 00:34:14,799 --> 00:34:14,979 Yes, 527 00:34:14,999 --> 00:34:16,519 your monthly payment may go down, 528 00:34:16,599 --> 00:34:20,279 but you're going to put way more money into, 529 00:34:20,439 --> 00:34:21,059 into that. 530 00:34:21,159 --> 00:34:21,319 No, 531 00:34:21,379 --> 00:34:21,519 no, 532 00:34:21,519 --> 00:34:21,659 no, 533 00:34:21,659 --> 00:34:21,739 no. 534 00:34:21,879 --> 00:34:23,079 But I mean, 535 00:34:23,099 --> 00:34:23,719 that's not the goal. 536 00:34:23,799 --> 00:34:25,519 That might be what they say the goal is. 537 00:34:25,919 --> 00:34:26,479 But the, 538 00:34:26,479 --> 00:34:29,959 the goal is to actually do the opposite is to prop up the housing market. 539 00:34:29,959 --> 00:34:41,419 because it drives prices higher in a market where it's been very shaky recently. 540 00:34:42,759 --> 00:34:44,019 Expenses are going up. 541 00:34:44,179 --> 00:34:45,199 People are having trouble. 542 00:34:45,699 --> 00:34:48,159 We've talked in the past, the 30-year mortgage as it is, 543 00:34:49,279 --> 00:34:51,739 it's an American welfare program, right? 544 00:34:51,739 --> 00:34:58,299 Which, I mean, Trump so vividly reminded people by mentioning that FDR was the creator of it. 545 00:34:58,299 --> 00:35:00,559 But most countries, you can't get a 30-year fixed rate mortgage. 546 00:35:00,839 --> 00:35:06,479 In a free market, banks would never give you a 30-year fixed rate mortgage in a highly inflationary environment. 547 00:35:08,339 --> 00:35:16,679 So it's a massively successful welfare program that also drives the prices of real estate up. 548 00:35:18,199 --> 00:35:27,079 And instead of fixing the core of the problem, you just push it out even more and just juice the welfare. 549 00:35:27,079 --> 00:35:43,079 I mean, another important detail of this is he was presented this idea by the leader of the FHA, Fannie Mae, Freddie Mac, Bill Pult, whose family is very big in the real estate development world. 550 00:35:43,239 --> 00:35:43,399 Yeah. 551 00:35:44,179 --> 00:35:44,699 Massively. 552 00:35:45,439 --> 00:35:48,079 From this policy, if we're to. 553 00:35:48,219 --> 00:35:48,879 That's what I'm saying. 554 00:35:48,979 --> 00:35:54,939 It's really like a bailout for the real estate market portrayed as helping the average person. 555 00:35:54,939 --> 00:36:06,439 Now, that said, if you're not going to actually fix the core of the problem, this is one of the things we've talked about in the past, something that don't hate the player, hate the game. 556 00:36:07,519 --> 00:36:13,739 I think there's an argument, there's a very strong argument that let's forget the 50-year mortgage for a second. 557 00:36:13,999 --> 00:36:20,819 If you don't take a 30-year fixed rate mortgage in an inflationary environment, then you're leaving sats on the table. 558 00:36:20,819 --> 00:36:27,519 right like they're giving you like the best debt terms ever priced in a shit coin that's losing 559 00:36:27,519 --> 00:36:32,919 value over time um and the same is true for the 50 year right so there's two pieces here right 560 00:36:32,919 --> 00:36:37,639 one it's proof of mandibles but then the second one is it doesn't necessarily mean it's a bad 561 00:36:37,639 --> 00:36:45,719 deal for people um i can't be the only one who like went to bed thinking like oh i can't wait 562 00:36:45,719 --> 00:36:50,799 to upgrade my third year mortgage to a 50 year mortgage like like why wouldn't you fucking do it 563 00:36:50,799 --> 00:36:52,679 you're going to make more, 564 00:36:52,759 --> 00:36:54,199 you're going to make more purchasing power, 565 00:36:54,319 --> 00:36:55,779 having that excess in Bitcoin, 566 00:36:55,779 --> 00:36:56,859 um, 567 00:36:57,299 --> 00:36:58,439 then, 568 00:36:58,439 --> 00:36:59,399 you know, 569 00:36:59,419 --> 00:37:00,559 having the terms be shorter. 570 00:37:01,019 --> 00:37:01,459 Yeah. 571 00:37:03,459 --> 00:37:03,939 Yeah. 572 00:37:03,939 --> 00:37:06,139 But it's like, 573 00:37:06,239 --> 00:37:06,719 to your point, 574 00:37:06,739 --> 00:37:08,019 it's going to drive prices higher. 575 00:37:08,739 --> 00:37:09,179 100%. 576 00:37:09,179 --> 00:37:10,099 100%. 577 00:37:10,099 --> 00:37:10,579 Well, 578 00:37:10,619 --> 00:37:14,239 we may be able to stomach the carrying cost of a 50 year mortgage. 579 00:37:14,359 --> 00:37:20,399 I would gander to say that probably like 80% of the country probably isn't in 580 00:37:20,399 --> 00:37:26,639 a position to do that particularly uh younger millennials and zoomers and eventually gen alpha 581 00:37:26,639 --> 00:37:33,919 and that's like i mean just this was him announcing this at mar-a-lago is the beginning of a five-day 582 00:37:33,919 --> 00:37:39,879 stretch which i would be very confident in saying was probably the worst five-day stretch of either 583 00:37:39,879 --> 00:37:46,899 term that trump has served 2016 2020 and beginning of this year to today absolute 584 00:37:46,899 --> 00:37:54,319 narrative collapse for for the administration this week i mean i would also take a 15-year car loan 585 00:37:54,319 --> 00:38:01,079 i took a four-year hvac loan zero percent was fantastic 586 00:38:01,079 --> 00:38:07,759 um because you know wells fargo just assumes you're gonna miss a payment and then they raise 587 00:38:07,759 --> 00:38:12,639 it to 25 and it's super predatory but if you actually make your payments uh you're just like 588 00:38:12,639 --> 00:38:20,119 leaving money on the table. But yeah, no, I look, if you have no assets, and you have no savings, 589 00:38:21,039 --> 00:38:27,579 obviously, centrally planned methods of trying to inflate the value of assets is negative for you 590 00:38:27,579 --> 00:38:34,239 is bad. Now, the question is, and we've talked about this in the past, like the real question 591 00:38:34,239 --> 00:38:38,239 is, is like, I don't know how you unwind it. I don't think there's actually a good way to unwind 592 00:38:38,239 --> 00:38:44,599 it. And if you wanted to give them the benefit of the doubt, which I'm not sure I want to give them, 593 00:38:46,039 --> 00:38:50,539 you can imagine sitting in, you can be sitting in meetings for weeks trying to figure out how 594 00:38:50,539 --> 00:38:54,279 to ethically unwind it. And then just at the end, be like, fuck, we're not going to be able to, 595 00:38:54,379 --> 00:39:01,039 let's just give them 50 year mortgages. I don't know how you do without a widespread chaos, 596 00:39:01,339 --> 00:39:06,359 massive hurting. I mean, you want to talk about the people without assets? Yeah, it sucks. It 597 00:39:06,359 --> 00:39:11,099 sucks when government policy is just trying to inflate assets while your salaries are staying 598 00:39:11,099 --> 00:39:17,879 stagnant. But you crash asset prices, you crash markets, you launch us into an even worse depression 599 00:39:17,879 --> 00:39:26,259 than we're currently in. And I think those entry-level wage earners, the lower income folk, 600 00:39:26,499 --> 00:39:30,279 it's going to be even harder for them. They're going to lose their jobs, their wages are going to 601 00:39:30,279 --> 00:39:35,559 be a mess, even worse than it currently is. So I don't know what the solution is there. 602 00:39:36,359 --> 00:39:41,219 I think you kind of just have to walk through mandibles and then get out Bitcoin Standard on the other side. 603 00:39:42,419 --> 00:39:44,799 Did you have room cleaning? Just stop by? 604 00:39:45,519 --> 00:39:48,539 I thought I had a late checkout. I thought it was 2 p.m. Apparently it was noon. 605 00:39:48,979 --> 00:39:52,559 I'm on the West Coast, so 20 minutes past my late checkout, but I'll deal with it. 606 00:39:53,039 --> 00:39:54,159 Did you tell them you're on air? 607 00:39:54,879 --> 00:39:55,599 I did not. 608 00:39:56,419 --> 00:39:56,839 I did not. 609 00:39:57,879 --> 00:40:00,379 Well, we have a hard stop in 40 anyway. 610 00:40:01,059 --> 00:40:05,799 Well, I mean, this is a thread we've been pulling on for weeks now. 611 00:40:05,799 --> 00:40:11,339 It ties back to what we talked about in the beginning of the episode, which is the government's not going to save you. 612 00:40:11,459 --> 00:40:12,339 You've got to save yourself. 613 00:40:13,479 --> 00:40:23,579 Incorporating Bitcoin into your life, however that may be, staying humble, stacking sats, even if you're working paycheck to paycheck, just trying to shovel away 50 to 100 bucks a month. 614 00:40:23,699 --> 00:40:25,439 That'll go a long way over the course of a decade. 615 00:40:25,819 --> 00:40:26,539 If you're a small business. 616 00:40:26,619 --> 00:40:26,959 All sats matter. 617 00:40:27,499 --> 00:40:27,699 Yeah. 618 00:40:27,819 --> 00:40:28,359 Make it happen. 619 00:40:28,359 --> 00:40:50,448 If you a business that is running a square terminal turn on the ability to convert a portion of your revenue into Bitcoin hold it on your business balance sheet I mean I think for the housing market specifically I think one thing you all know is I bullish on this intersection of Bitcoin as collateral for real estate 620 00:40:50,448 --> 00:40:58,808 I don't think it's going to be a panacea quick fix, but I think over time, if you begin to introduce Bitcoin as collateral into these credit structures, 621 00:40:58,808 --> 00:41:06,128 it can begin to minimize the need to have the equity value of the house increase if bitcoin's 622 00:41:06,128 --> 00:41:13,168 doing its thing over the course of 30 or now 50 years maybe you're more comfortable selling your 623 00:41:13,168 --> 00:41:21,668 house at a at a price that is not as high as many have come to expect maybe the growth rate of the 624 00:41:21,668 --> 00:41:26,028 equity value the real estate doesn't raise doesn't increase at the pace that has been over the last 625 00:41:26,028 --> 00:41:32,928 30 years that wanes and bitcoin does the heavy lifting for you in those credit structures and 626 00:41:32,928 --> 00:41:40,408 you begin to level out housing cost obviously uh another driver of housing affordability is the 627 00:41:40,408 --> 00:41:45,168 fact that we let a tens of millions of illegal immigrants in the country and they're sort of 628 00:41:45,168 --> 00:41:51,288 competing for the same scarce resources and all of them or many of them are are being subsidized 629 00:41:51,288 --> 00:41:54,788 by the government itself or were to a certain extent. 630 00:41:55,488 --> 00:41:56,728 Yeah, it's a complete shit show. 631 00:41:56,788 --> 00:41:58,048 Mandibles, I guess you could say. 632 00:41:58,288 --> 00:41:59,728 But we've got to stay positive. 633 00:42:00,288 --> 00:42:01,208 We're rationally optimistic. 634 00:42:02,048 --> 00:42:03,048 We can save ourselves. 635 00:42:03,788 --> 00:42:05,048 Get the message out there. 636 00:42:05,908 --> 00:42:07,268 No, I mean, thank God Bitcoin exists. 637 00:42:07,468 --> 00:42:09,248 Otherwise, there'd be zero optimism here. 638 00:42:09,348 --> 00:42:11,228 But I'm a very hopeful person because of Bitcoin. 639 00:42:12,168 --> 00:42:15,068 This next story I thought was fascinating 640 00:42:15,068 --> 00:42:16,568 and actually kind of a cool feature. 641 00:42:17,168 --> 00:42:18,628 You want to talk about fintech innovation? 642 00:42:18,828 --> 00:42:21,268 Robinhood now delivered cash to your debt. 643 00:42:21,288 --> 00:42:26,908 door this is gonna why this is gonna lead to like gopuff drivers stealing people's money 644 00:42:26,908 --> 00:42:34,608 no so did you the gopuff ceo uh commented on this um they already deliver deliver like beats 645 00:42:34,608 --> 00:42:39,708 headphones and shit so they're already delivering high value items um and the driver doesn't know 646 00:42:39,708 --> 00:42:45,748 what's in the bag which i think is like a decent trade-off and they they're not allowed to leave it 647 00:42:45,748 --> 00:42:47,628 on the door. They have to hand it to you. 648 00:42:48,288 --> 00:42:48,308 Okay. 649 00:42:49,888 --> 00:42:51,588 All right. My first 650 00:42:51,588 --> 00:42:53,708 sort of reaction was 651 00:42:53,708 --> 00:42:55,388 I feel like this is a great way to lose money. 652 00:42:56,148 --> 00:42:57,728 So just for the freaks that are not 653 00:42:57,728 --> 00:42:59,808 aware, Robinhood is now allowing 654 00:42:59,808 --> 00:43:01,668 you to withdraw cash from your Robinhood 655 00:43:01,668 --> 00:43:03,728 account by having effectively a 656 00:43:03,728 --> 00:43:05,868 DoorDash driver bring you a bag of cash. 657 00:43:06,488 --> 00:43:07,508 Which, yeah, I don't know 658 00:43:07,508 --> 00:43:09,548 how useful it is. I'm sure there's going to be 659 00:43:09,548 --> 00:43:10,368 limits on it. 660 00:43:12,068 --> 00:43:13,828 But to me, it's 661 00:43:13,828 --> 00:43:15,708 fascinating. It's a fascinating 662 00:43:15,708 --> 00:43:17,668 feature ad that I just never expected. 663 00:43:18,708 --> 00:43:18,788 Yeah. 664 00:43:20,228 --> 00:43:21,328 Did you see 665 00:43:21,328 --> 00:43:23,968 our buddy Joe Weisenthal's 666 00:43:23,968 --> 00:43:25,688 comment on it? No. 667 00:43:26,348 --> 00:43:28,128 He's like, you can now self-custody 668 00:43:28,128 --> 00:43:29,328 cash with Robin Hood. 669 00:43:35,128 --> 00:43:35,648 Yeah. 670 00:43:36,088 --> 00:43:36,788 Yeah, we'll see. 671 00:43:37,148 --> 00:43:39,348 So it's like you're trading stocks 672 00:43:39,348 --> 00:43:41,708 and you need to... 673 00:43:42,308 --> 00:43:43,508 So this is just going to lead to 674 00:43:43,508 --> 00:43:49,168 people using stocks as their savings account right like you're not yeah you're not making any any money 675 00:43:49,168 --> 00:43:53,528 in your savings well to be fair they already kind of are that's probably the way to do it if you're 676 00:43:53,528 --> 00:43:59,428 not in bitcoin i mean obviously bitcoin is better um but you definitely don't want to keep it in 677 00:43:59,428 --> 00:44:04,928 just a savings account and make way under the inflation rate so you end up you know gambling 678 00:44:04,928 --> 00:44:10,308 on spx but then what do they do they have to go to an atm to withdraw right so this just removes 679 00:44:10,308 --> 00:44:11,468 the ATM from the step. 680 00:44:12,368 --> 00:44:14,408 And then if you think about it from Robinhood's point 681 00:44:14,408 --> 00:44:16,468 of view, it's like they could roll out a bunch 682 00:44:16,468 --> 00:44:18,388 of ATMs and maintain them, blah, blah, blah, 683 00:44:18,428 --> 00:44:20,368 and do all that. Or they could partner with 684 00:44:20,368 --> 00:44:22,528 someone who's already got a delivery network around the country 685 00:44:22,528 --> 00:44:24,588 and just deliver cash 686 00:44:24,588 --> 00:44:25,028 that way. 687 00:44:26,988 --> 00:44:28,648 We'll see how it goes. We'll see how it goes. 688 00:44:28,788 --> 00:44:30,108 Cash coming to you 689 00:44:30,108 --> 00:44:32,748 from the partnership between Robinhood 690 00:44:32,748 --> 00:44:34,028 and GoPuff. 691 00:44:35,608 --> 00:44:36,648 Cash making a return. 692 00:44:36,748 --> 00:44:38,628 You know what else is making a return? Vine, apparently. 693 00:44:38,728 --> 00:44:40,268 I didn't see this until you put the list out. 694 00:44:40,308 --> 00:44:46,248 Jack. Yeah. So this is Jack's Noster Collective and specifically it's Rabble. 695 00:44:47,368 --> 00:45:03,528 But their group of dev hackers and other stuff is what they go by, is relaunching Vine using a recovered Vine archive that I guess was publicly out there. 696 00:45:03,968 --> 00:45:08,528 So they actually have hundreds of thousands of old Vine videos that they're populating with it. 697 00:45:08,528 --> 00:45:11,608 and it's Nostra enabled. 698 00:45:13,468 --> 00:45:16,128 And you can obviously post new videos as well 699 00:45:16,128 --> 00:45:17,608 as using the old archive. 700 00:45:17,708 --> 00:45:19,308 So they're using the old archive to seed it, 701 00:45:19,388 --> 00:45:20,588 but you can also post new videos. 702 00:45:20,948 --> 00:45:23,648 And they're taking a hard stand against AI-created content. 703 00:45:24,048 --> 00:45:26,928 So they're going to try and flag things that are AI 704 00:45:26,928 --> 00:45:28,468 and block them. 705 00:45:28,468 --> 00:45:30,528 And it's supposed to only be real shit. 706 00:45:32,528 --> 00:45:33,248 Yeah, yeah. 707 00:45:33,548 --> 00:45:33,868 Vine. 708 00:45:34,028 --> 00:45:35,408 It was so much fun back in the day. 709 00:45:36,508 --> 00:45:38,408 Yeah, and then I think Twitter 710 00:45:38,408 --> 00:45:43,948 bought it and then like killed it right and it just died on the vine that was the joke yeah and 711 00:45:43,948 --> 00:45:48,768 then tiktok came out and basically just innovated on vine and became the most successful social 712 00:45:48,768 --> 00:45:54,228 network uh well i guess behind meta facebook's still ahead of them but tiktok went from rags 713 00:45:54,228 --> 00:46:01,088 to riches real quick um yeah no i by the way it's not out yet it sounds like the release is imminent 714 00:46:01,088 --> 00:46:06,888 um i saw rabble complaining about getting app store approvals and having issues with it 715 00:46:06,888 --> 00:46:09,028 so I assume by 716 00:46:09,028 --> 00:46:11,748 maybe by the time you listen to this it'll already be in the app stores 717 00:46:11,748 --> 00:46:13,808 it's as Marty says called Devine 718 00:46:13,808 --> 00:46:15,968 but in the next few days 719 00:46:15,968 --> 00:46:16,708 it should be up 720 00:46:16,708 --> 00:46:19,348 love it shout out to you Rabble 721 00:46:19,348 --> 00:46:21,428 bring back Vine, Devine 722 00:46:21,428 --> 00:46:23,428 go check it out we got a speed 723 00:46:23,428 --> 00:46:24,488 through here I can hear the 724 00:46:24,488 --> 00:46:26,328 cleaning crew getting that 725 00:46:26,328 --> 00:46:29,608 we only have four things left 726 00:46:29,608 --> 00:46:31,488 in shout outs the next one is 727 00:46:31,488 --> 00:46:33,568 Starlink offers now a cheaper plan 728 00:46:33,568 --> 00:46:38,528 as a massive Starlink fanboy. 729 00:46:39,148 --> 00:46:40,908 I just wanted to quickly highlight 730 00:46:40,908 --> 00:46:43,148 that now you could get unlimited, 731 00:46:44,028 --> 00:46:47,088 low priority Starlink data for $40 a month, 732 00:46:47,088 --> 00:46:48,908 which I think is a fantastic deal. 733 00:46:50,868 --> 00:46:53,188 I think they're at 8 million users now. 734 00:46:53,328 --> 00:46:55,508 They over half the satellites in space 735 00:46:55,508 --> 00:46:56,648 are Starlink satellites. 736 00:46:57,388 --> 00:46:57,728 That's great. 737 00:46:57,928 --> 00:47:00,228 The growth of that business is insane. 738 00:47:00,688 --> 00:47:02,748 Obviously, there's massive centralization risk. 739 00:47:03,568 --> 00:47:07,728 Um, they had their first outage ever a couple of months ago. 740 00:47:08,068 --> 00:47:12,628 And instead of just like your block losing internet access, it was like people in Nigeria, 741 00:47:12,848 --> 00:47:17,128 people in the UK, people in Kansas all lost the internet at the same time, which is probably 742 00:47:17,128 --> 00:47:17,868 not a good thing. 743 00:47:18,428 --> 00:47:20,288 Um, but it's awesome. 744 00:47:20,428 --> 00:47:21,688 It's fucking awesome. 745 00:47:21,908 --> 00:47:24,788 I'm a very happy customer of Starlink. 746 00:47:24,788 --> 00:47:30,328 So, um, I, I might give Elon a lot of shit, but, uh, him and his team deserve a lot of 747 00:47:30,328 --> 00:47:32,028 credit on, on that product. 748 00:47:32,028 --> 00:47:39,948 i haven't used it yet and i need to mess around with it so for the mobile one like i literally 749 00:47:39,948 --> 00:47:44,708 just i don't even mount it or whatever you just like put it on the dash of of my truck 750 00:47:44,708 --> 00:47:50,788 and plug it into usbc and you have high speed wi-fi wherever you go yeah it's fucking insane 751 00:47:50,788 --> 00:47:59,528 um i just got a picture of my oldest son in the dentist chair it's pretty funny the uh 752 00:47:59,528 --> 00:48:09,528 Next thing on the list, Human Rights Foundation story of the week coming out of Thailand, where new anti-scam measures have been implemented. 753 00:48:09,668 --> 00:48:17,768 The Bank of Thailand announced new measures to enhance monitoring of payments, financial institutions, and money transfer services to combat online scams and financial fraud. 754 00:48:17,768 --> 00:48:32,288 Governor Vitae Radenakhorn said the central bank will step up due diligence, prioritize investigations into suspicious transactions, require immediate reporting of irregular activity from banks, currency exchanges, and gold traders. 755 00:48:32,408 --> 00:48:47,528 While the policy aims to disrupt transnational criminal networks engaged in online scams and human trafficking, experts fear such a development may lead to broader surveillance of digital transactions and payments, which could threaten the privacy of many Southeast Asian dissidents based in Thailand. 756 00:48:47,768 --> 00:48:49,668 for more stories like this, 757 00:48:49,808 --> 00:48:52,268 make sure you sign up for the financial freedom report newsletter at 758 00:48:52,268 --> 00:48:54,528 financial freedom report.org. 759 00:48:55,508 --> 00:48:55,988 Yeah. 760 00:48:56,008 --> 00:48:58,828 Sounds like a suspicious activity reports coming to, 761 00:48:58,828 --> 00:48:59,348 to, 762 00:48:59,608 --> 00:49:00,988 to a Thai bank near you. 763 00:49:01,388 --> 00:49:02,328 Every week, 764 00:49:02,408 --> 00:49:06,728 every week HRF brings us more and more examples of why we need freedom money 765 00:49:06,728 --> 00:49:08,108 more than ever. 766 00:49:08,188 --> 00:49:08,528 And this, 767 00:49:08,628 --> 00:49:09,728 this week there was like, 768 00:49:09,728 --> 00:49:10,388 I, 769 00:49:10,508 --> 00:49:13,248 it was hard picking which story cause they were all highly, 770 00:49:13,328 --> 00:49:13,968 highly relevant. 771 00:49:14,428 --> 00:49:14,868 Yeah. 772 00:49:15,568 --> 00:49:16,528 So we do shout outs. 773 00:49:16,528 --> 00:49:22,628 and then we have two software updates yeah let me pull up fountain here okay while you're pulling 774 00:49:22,628 --> 00:49:27,128 up fountain i know you're pressed your time i'll just do the software updates maple 2.0 has been 775 00:49:27,128 --> 00:49:32,288 released um it's the big feature ad is something me and marty have been testing behind the scenes 776 00:49:32,288 --> 00:49:38,408 for a few weeks now which is live web search uh fucking awesome it uses brave web search 777 00:49:38,408 --> 00:49:44,508 uh so now the biggest thing holding back maple so maple is obviously it's like signal chat gpt 778 00:49:44,508 --> 00:49:45,588 and signal had a baby. 779 00:49:46,148 --> 00:49:50,668 So private, secure, AI chatbot. 780 00:49:51,708 --> 00:49:55,408 But it was, for new data, it had a lot of difficulty 781 00:49:55,408 --> 00:49:57,928 because it was whatever the last open source model 782 00:49:57,928 --> 00:49:59,908 was updated was the newest data you got. 783 00:50:00,468 --> 00:50:01,748 Now it has real-time web search, 784 00:50:01,828 --> 00:50:03,348 so you can look for sports scores, 785 00:50:03,508 --> 00:50:04,768 anything that's up to date, 786 00:50:04,948 --> 00:50:06,888 population count, stuff like that. 787 00:50:07,708 --> 00:50:09,868 They really improved their model selector 788 00:50:09,868 --> 00:50:12,648 when you're choosing which open source model you want. 789 00:50:12,708 --> 00:50:14,288 It makes it much easier for new users. 790 00:50:14,508 --> 00:50:20,968 And now they have a proper anonymous accounts where you don't need to go through the trouble of making a burner email. 791 00:50:21,088 --> 00:50:26,288 You can just easily just pay with lightning and not have it tied to your identity. 792 00:50:27,028 --> 00:50:29,088 So if you haven't used it, definitely check it out. 793 00:50:29,168 --> 00:50:30,128 Try maple.ai. 794 00:50:30,488 --> 00:50:32,208 I use it on a daily basis now. 795 00:50:32,408 --> 00:50:36,528 I've literally had the window open on my computer as we speak. 796 00:50:36,648 --> 00:50:37,488 It's fucking awesome. 797 00:50:38,208 --> 00:50:41,808 And then the other big update was white noise v0.2.0. 798 00:50:42,488 --> 00:50:45,968 White Noise is the Nostor-enabled signal competitor. 799 00:50:46,468 --> 00:50:47,708 It doesn't require a phone number. 800 00:50:48,388 --> 00:50:49,828 We've talked about it in the past. 801 00:50:49,908 --> 00:50:52,568 I think it's an absolute massive project. 802 00:50:52,688 --> 00:50:53,628 I'm very excited about it. 803 00:50:53,708 --> 00:50:56,548 OpenSAT's helped seed its creation. 804 00:50:57,448 --> 00:51:03,308 But it's fully open source, open protocol, doesn't require a phone number, gives you 805 00:51:03,308 --> 00:51:05,028 signal-level privacy guarantees. 806 00:51:06,108 --> 00:51:09,308 It's even more efficient when it comes to group chats than Signal is. 807 00:51:09,828 --> 00:51:13,748 It's still very early, but I would say this feels like the first real stable release. 808 00:51:15,168 --> 00:51:16,088 Messages are working. 809 00:51:16,208 --> 00:51:16,848 I'm testing it out. 810 00:51:16,988 --> 00:51:20,268 But still early days, still early days, but very optimistic here. 811 00:51:21,208 --> 00:51:23,488 It also uses the Nostra network for what? 812 00:51:23,568 --> 00:51:26,628 It uses it for the white noise team doesn't have to run servers. 813 00:51:26,748 --> 00:51:28,468 It just uses open Nostra relays. 814 00:51:28,888 --> 00:51:31,288 And then more importantly, it uses the social graph. 815 00:51:31,968 --> 00:51:38,248 So if you're already using a Nostra app, you can easily just message people that you're interacting with. 816 00:51:38,248 --> 00:51:41,528 So I think this is like DMs on steroids. 817 00:51:43,148 --> 00:51:49,188 And it could become one of the major adoption drivers for Nostor going forward. 818 00:51:49,188 --> 00:51:56,108 Because I could see people using White Noise as their first Nostor app and then moving to other apps like Primal after that. 819 00:51:57,048 --> 00:51:58,008 You love to see it. 820 00:51:58,008 --> 00:52:06,268 And it is very much in line with the top boost from last week's episode of RHR. 821 00:52:06,268 --> 00:52:07,348 RHR 822 00:52:07,348 --> 00:52:10,568 382. Steak and shake 823 00:52:10,568 --> 00:52:11,908 is on a Bitcoin standard. 824 00:52:12,808 --> 00:52:13,928 From NOS Fabrica, 825 00:52:14,048 --> 00:52:16,728 25,052 sats palindrome boosts. 826 00:52:16,828 --> 00:52:17,748 Join NOS Fabrica 827 00:52:17,748 --> 00:52:19,888 in the first ever hashtag 828 00:52:19,888 --> 00:52:22,188 Wodathon to develop the 829 00:52:22,188 --> 00:52:23,988 web of trust ecosystem for NOSTR. 830 00:52:24,448 --> 00:52:26,328 Build open source libraries, relays 831 00:52:26,328 --> 00:52:28,228 and applications. Integrate portable and 832 00:52:28,228 --> 00:52:29,508 personalized trust 833 00:52:29,508 --> 00:52:31,768 metrics into NOSTR clients. 834 00:52:32,548 --> 00:52:34,248 A grand total pool of 50 million 835 00:52:34,248 --> 00:52:36,128 sats will be rewarded to the best projects. 836 00:52:36,268 --> 00:52:44,288 Sign up via Formster and tune into weekly hackathon calls broadcasted to zap.stream starting Thursday, November 20th. 837 00:52:44,288 --> 00:52:48,348 That is next Thursday at 4 p.m. UTC, running through April 2026. 838 00:52:48,648 --> 00:52:49,868 I love that initiative. That's great. 839 00:52:50,968 --> 00:52:51,988 That little boost. 840 00:52:54,568 --> 00:53:01,328 And second boost and last boost, over 21,000 sats from last week's episode from a girl, 841 00:53:01,328 --> 00:53:07,888 sell pringle mac 22 222 sats twos across the board pound drone boost bitcoin is the tool it still 842 00:53:07,888 --> 00:53:12,068 needs muscle and brain power to move the needle for mass adoption block and square know this 843 00:53:12,068 --> 00:53:18,088 it's confirmed we will be visiting nashville and texas in march of 2026 bring it love sill and tony 844 00:53:18,088 --> 00:53:24,988 love you guys hopefully we'll be seeing you in nashville or texas in march love it thank you for 845 00:53:24,988 --> 00:53:25,768 True sport, guys. 846 00:53:28,748 --> 00:53:29,428 Fucking awesome. 847 00:53:29,668 --> 00:53:34,928 And separately, I got a message, a private message from a rider-dive freak that just came in. 848 00:53:35,208 --> 00:53:36,908 RHR is still the best show on Bitcoin. 849 00:53:37,428 --> 00:53:40,928 Marty getting kicked out of his hotel room while mispronouncing names is peak. 850 00:53:42,628 --> 00:53:44,688 Hey, you know what you're going to get here. 851 00:53:45,168 --> 00:53:46,008 You know what you're going to get here. 852 00:53:46,028 --> 00:53:47,528 We're going to get kicked out of our hotel rooms. 853 00:53:47,908 --> 00:53:50,268 I'm going to mispronounce some words every once in a while. 854 00:53:50,608 --> 00:53:51,848 We're going to give you a signal. 855 00:53:51,848 --> 00:53:56,248 we're going to be irrationally bullish on Bitcoin when everybody's afraid. 856 00:53:56,688 --> 00:53:59,308 Nothing has changed from a fundamentals perspective. 857 00:54:00,588 --> 00:54:02,288 Love it. Stay on the stack sides. 858 00:54:02,848 --> 00:54:03,608 Peace and love, freaks.