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You've had a dynamic where money has become freer than free.
When you talk about a Fed just gone nuts, all the central banks going nuts.
So it's all acting like safe haven.
I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins.
In the world of fiat currencies, Bitcoin is the victor.
I mean, that's part of the bull case for Bitcoin.
If you're not paying attention, you probably should be.
You probably should be.
In the middle of yet another forever war.
Actually, not in the middle of it, far away from it, but here we are.
What a week.
Bro, all those...
All the tweets about how Trump just goes in,
assassinates someone,
and just doesn't get entangled in a forever war
aged like fucking milk pretty quickly.
Hey, hey, we're less than a week into this one.
If he can pull the chute, cut bait,
and get out of there in the next 48 hours,
I think we may be...
Should we bet on it?
No, no.
This one's fucked, dude.
I think that's pretty unlikely.
I do, too.
At this point.
I do, too.
yeah what a week
I mean
if you watch the 1031
timestamp recap episode
you know that I was in Key West
earlier this week so I was on vacation
enjoying
some time in the sun away from the cold
weather here in the northeast and then
wake up in the middle
of Friday into Saturday night
to a bunch of
notifications we just bombed we're on
not great
no you knew before we went
you went right
no no it happened like Friday into Saturday
from a radical
I mean there was obviously the build up
over the last couple weeks but
no it definitely
didn't
when did we kill the
when did we
when did they kill the Ayatollah
first
it's uh february 28th yes that's friday oh wow or no saturday early saturday morning
oh right because it was they waited till after rhr was over yes the market's closed
people shouldn't have if you're an enemy of the united states if you're an enemy of donald trump
you shouldn't have meetings when markets are closed you should just be do not congregate together
yeah it doesn't seem great oh right it was what happened what happened before that was
the mexican cartel stuff that's when we were talking about you we were in a private group
chat and you were like i'm going to florida like what all this chaos is going on and then
middle east war starts as well yeah well that's the thing we went on this trip this is the first
time away from our boys um we went to go celebrate the uh the birthdays of my in-laws and was adults
only so i left the uh the boys with my mom brother sister and my brother's girlfriend so it was four
on three so they were well equipped but in world war iii popping off you're halfway across the
country and you're like am i going to get back everybody's talking about the 3 33 a.m pure blood
moon, things are going to pop off, and the apocalypse is coming.
You just have thoughts running through your mind, like, what the hell is going on?
What's the deal with that? I mean, I saw you talking about that.
I don't know. I mean...
You're like my specialist on that front.
I mean, the Purim blood moon. Apparently, Trump was born
during a solar eclipse. So was Bibi Netanyahu, and so was the Ayatollah.
So you had like all the astrologists like this is a significant event.
And then you have Purim going on.
What about, I mean, Ramadan.
The Ramadan is going on.
It was the 11th day of the ninth month of the Muslim calendar as well.
There's a lot of symbolism going on.
Not great. Not great.
I don't think the U.S.
Yeah, go on. Sorry.
yeah but um the war is horrible yeah but this one this one seems this one seems like very uh
religious coded you have like the crazy zionist evangelicals on the christian side and the jewish
like the one of the army the army officer like literally basically like preached that before they
they went in yes or i don't know it's air force or something no i mean there were reports of um
platoon sergeant saying that this is a holy war.
We're doing this for Donald Trump and Jesus Christ.
It's a shit show, dude.
They're clearly doing it for Israel.
Rubio said the quiet part out loud.
Yeah.
And particularly this crazy Orthodox religious sect within Israel
that wants to destroy the Third Temple.
I think they're going to bring about the Second Messiah or whatever,
which I don't think is going to happen as a Catholic.
the messiah already came.
Does it make you wonder
how bad the Epstein blackmail is
that the Israelis have in Trump?
That as well.
I see Matt Coat in the YouTube live stream
asking if the Primal live stream works on web.
It does.
You have to be following the RHR account,
primal.net slash RHR.
Hey, guess what though?
guess what
Bitcoin pumped a little bit this week
you gotta count your silver lining
I named the episode
Safety and Sats
I mean look
there's a lot of
I don't know
I don't know how much
we can prescribe to
this in terms of
Bitcoin's
slight upward movement after a lot of downward movement. But there's a lot of filthy rich people
that decided to live in the Middle East. And if you end up in a war zone,
Bitcoin is the single best thing to own if you need to move and get the hell out of Dodge.
So whether that is actually a cause for some of the buy pressure or not,
I do think it's
the reality. It is the truth.
If you're trying to move large
amounts of money in times of chaos,
there's Bitcoin and then there's basically
nothing else.
That was great. I think I saw
an hour ago.
And that's the other thing.
I guess we'll preface this whole conversation
with the fact I tweeted out
a couple of days ago.
The information
war is more intense than it's ever been.
We've been calling it
for years now, particularly the last 12 months with the AI tools.
It's so hard to discern what's actually going on.
There are a ton of fake bombing videos out there.
You're getting reports that Iran, their missile capabilities have been destroyed.
You're getting other reports that they're not.
We're hearing that the U.S. is running out of munitions.
Trump's saying we're not.
It's just impossible to tell what's going on.
Yeah, it's wild out there.
I mean, what about just like the official White House account?
The Cod pump up video?
We're the age now where propaganda is directly, we're the key demographic for propaganda.
So there's some interns that are our age sitting behind the White House Twitter account, tweeting out the most ridiculous things.
let's emotionally charge them to the favorite video game of their time,
Call of Duty, which may have been predictive programming, for all we know.
It definitely was a little bit.
It is, but speaking of propaganda, it is crazy.
We were in Key West, I think it was Saturday night,
so the war just started.
My wife and I and our brother and sister-in-law get into an elevator,
and this older Gen X couple gets in with us.
we're in Key West so everybody had a couple drinks
and this guy looked a little tanked
and like we're dressed nice
we're northeast preps
I think the appearance
of what we were wearing
I think led this guy to believe
that I was some sort of shit lib
so I'm like in the corner
I'm in the corner of
the elevator he's wearing an American flag
like Tommy Bahama shirt
with camo shorts
he's huge bald head beard
jacked and he looks at me
I was joking.
One of my ways of torturing my wife is telling her that I'm going to put on Lord of the Rings
when we get into bed.
That's what we're watching.
She's always like, no.
I made that joke in the hotel.
This guy turns around, beefs up, looks at me in his American flag shirt.
He's like, I'm watching Fox News.
I was like, good for you, brother.
His thought was like-
You got to monitor the situation.
Yeah.
He was like, I'm turning on Fox News.
He didn't say it, but he was implying there's a war going on.
I need to get the information.
I didn't say it, but my mind knows it.
Brother, I don't watch Fox News.
I only join as a guest from time to time.
That would have been a ridiculous flex.
Did you end up watching Lord of the Rings, though?
No, no.
We went right to bed.
I'm an old man now.
I went to bed at 8 p.m. the last two nights.
The funniest thing, the only time I ever watch Fox News
or really any of the news channels is when I'm in a hotel
because it's just like they have a TV there.
Yeah.
In the gym, they'll have like CNBC and stuff on.
I'll just look at the headlines, not ever actually listen.
Monitoring the situation.
It's getting harder and harder by the day.
Like I said, we live in an era of bamboozlement,
for lack of a better term.
but what isn't going to bambooz you is bitcoin this is where we get the signal
peer-to-peer distributed cash system built on cryptography
that you can't fake at least not yet because quantum computers have not been created
um and uh my internet's crapping out so clark's dashboard is not coming up there it is current
price of bitcoin is 70 850 the only thing you can't stop and it just doesn't mud
one cock buck's gonna get you 1,411 sats we're at 1.42 trillion dollar market cap we are at block
height 939,465 which means we had a difficulty adjustment nine blocks ago uh upwards adjustment
of 0.4 percent blocks came in at nine minutes 58 seconds on average during that difficulty epoch
we are 2007 blocks away so two weeks away from the next adjustment this data is completely bunk
since we're only nine blocks into this uh difficulty epoch but we'll read it anyway march 19 2026
looking like an upwards adjustment of 44 wow a lot of hash rate coming on blocks and coming in
at nine minutes and 14 seconds on average um for anybody who's new uh don't take uh that information
I just read too seriously.
We don't have enough data or not enough time has passed
since the difficulty adjustment an hour ago
to have any signal in this estimated difficulty change.
There are currently 540 transactions
in Clark's teeny-weeny mempool.
If we go over to mempool.space,
we'll see that they have 23,564 transactions,
and transactions are cheap.
One sat per vbyte will get you into the next block.
it's cheap out there the state of the network
i see what um i uh what was i gonna say um a crazy part i mean let's just jump into the list
but we were already i guess it was inevitable that we start with the war
um i mean a crazy aspect of this was we basically saw the first
real assassination market with size happen this week which i think is kind of a telling
part of society that we kind of just took it as a status quo and no one really
thought of it as a notable event but polymarket had over a hundred million dollars traded
on a market that was titled, When Will the Ayatollah Be Out? And presumably, that's not
necessarily just death. But as news of the airstrikes came out, it was very much being
traded as whether or not he was killed, which is something that we've theorized about for a while.
Anyone who's been paying attention to prediction markets have talked about it at length. But to
see it in a blue chip company that's valued at over $10 billion, investors include the New York
Stock Exchange, and at those kinds of volumes is absolutely wild. I think it's an incredibly
notable part of human history that we just witnessed. And most people just slept, walked
through it. On the opposite side, Calci had their own version of that market. And they call themselves
a prediction market, but it's not. Polymarket uses shitcoins and they're on Polygon, which I think
is a layer two of Ethereum. And they use USDC, which is centralized US dollar token that can be
frozen. But still, there's elements of decentralization and censorship resistance there.
Kausi, on the other hand, is literally just like an Excel spreadsheet that's kept by a company.
And they call themselves a prediction market to get around betting regulations.
So it's very much a different ballgame than Polymarket. And they didn't pay out. They didn't
pay out on death. They had this convoluted way of judging the market from before the death was
known well i think they changed the terms of the um conditions of the bet like a couple of hours
before fiber call yeah i'm not i'm not sure of the exact specifics i mean even if you're going
to change the terms mid-bet while over while millions of dollars are already being traded
is ridiculous but um they didn't pay it out and also on the on the same note there's basically
still like there's another
assassination market up
I have it in
the link who will be the next
supreme leader of Iran
is up on polymarket right now
and basically all these guys just keep getting killed
it's like people are literally
betting on who's not getting killed
who's laughing
is that Logan
why are you laughing Logan
why is my mic on
control yourself bro
Now we know what you're really looking at the States.
You laugh at us.
Wild.
But I mean, this is pretty crazy to me that this market is up right now.
I just feel like very few people are talking about it.
You sent me the other one too, like the nuclear strike.
They took that one down.
They had one that was, will a nuke be dropped before the end of the year?
and their carve out for that,
they're playing on thin ice
because it's still very centralized.
Even though it's on chain
and like they have a separate Oracle system and stuff,
it's still obviously very centralized.
I mean, during the Biden administration,
the Polymarket founder had his apartment raided, right?
Your life can be made miserable for these things.
And their carve out for that was it includes new tests.
Like if it's just, if a bomb gets dropped,
It wasn't necessarily, does someone get nuked?
But yeah, I mean, I think that was poor form and bad taste at the very least that they had that market up.
So they removed it.
But yeah, just wild times.
I think it's something that people should be paying attention to.
Obviously there a lot of talk about insider trading with these things I mean like if you know a nuke is going to be dropped you can bet on it ahead of time If you know the Ayatollah is going to be hit you can bet on it ahead of time I will once again repeat to people that that exactly how
prediction markets are supposed to work. If you're trading prediction markets, it benefits insiders.
But if you're watching prediction markets, it actually benefits outsiders. And that's where
the value to society comes from, not actually trading the markets. You're providing an incentive
to insiders to tell people what is going to happen before you know it's going to happen.
And also, while things are happening, you have a better truth signal because people will actually
put money on the line on the outcome that they expect to happen. So insiders benefit from the
trading and outsiders benefit from actually tracking the prediction markets. And I created a
bot, for instance, I created a bot on Noster. My agent, my soulless robot slave ingests all the
polymarkets. And so he's formulating news based on trends that he's seeing and movements he's
seeing in the markets live real time. And that's just one example of the insight you can get as an
outsider from these things yeah so i've got a request and a comment i'll do the request first
logan will you look for end of year oil price markets on polymarket right now and then a comment
as you're describing that it made me think of and i don't have the answer to this i just wonder
i think we've seen a pre-prediction market social phenomena particularly sporting events that makes
me question how it changes social dynamics which is people that'll bet on somebody streaking
during during a game during the super bowl or something like that and then they'll go to the
game and streak themselves like that's the other piece right that we've talked about right which is
it incentivizes the opposite of whatever outcomes most likely
So if 90% of the money is on someone not streaking, it incentivizes streaking.
It's a little bit counterintuitive in people's minds.
And that's where the nuke stuff and the assassination markets become very questionable.
because if the market is like 90%
and nuke won't be dropped,
then North Korea can drop a nuke
and make a bunch of money on dropping it.
Now, maybe that's not the best example
because nukes are very expensive,
so the market would have to be very liquid.
But you can see how that would play out
on smaller markets
for things that don't cost as much to make happen.
Yeah.
I see some commentary on my chains
that I've been wearing for a long time now.
These are Madex chains,
one of the best Bitcoin artists.
You can find them at madex.art.
Love that dude.
He's a good friend.
He's a great artist.
And I wear one for each of my sons.
Just to let you know.
Yeah.
Look, I can pull out the oil markets and describe them to us because I can't read that.
My old age, my eyes are going.
You can turn your mic back on.
Guillaume plugged it now.
I'm trying to find a way to summarize this.
Yeah, how's this working?
i don't i don't know how this even works i don't use polybrick so these ones are hard to
they're a little bit hard to digest from their interface because they have so many different
outcomes but if you scroll down you can see the one that's most likely end of june is 80 likely
that that crude oil will be above 56 so you can think of that as a floor this is market is for
above what is the price going to be above um so poly is saying but then you also look well let me
look at the volume the volume is nothing it's 105 11 000 it's like this is completely worthless
market okay there's like one trader um that's in there do you need to keep so what i do with my
agent for instance polymarket could use a lot of work on their interface
but all the markets are on chain and the API is very good.
So what my agent does is he's,
he's tracking top volume markets and then tracking their change over time.
Right. It's not just where you see a lot of the interesting insights.
It's, it's when you see movements in the large markets, right?
Something moves from 60% to 75%.
There could be something there.
that makes sense yeah so this has no signal i was bringing it up because i i don't think
markets are starting to react now but look you can pull up the screenshot of the wti price i put in
currently at like 79 dollars and 52 cents approaching 80 and i think i mean we mentioned
it at the beginning why did the bitcoin price go up i think we don't know exactly why um but i think
one of the things I wrote about and talked about earlier this week, that could be a reason why,
is number one, maybe Bitcoin snuffed out this geopolitical risk early, was acting as a liquidity
alarm bell. People were selling off. Not only do you have this geopolitical risk, we have this
private credit market risk is beginning to emerge. We'll talk about more of that later. But I think
as the attacks in the Middle East and the back and forth progressed throughout the weekend and
into the week they started hitting these natural gas and oil refineries which are critical to
getting processed oil and gas to market gasoline and other byproducts and i think you can bomb
oil fields and recover rather quickly but if you hit the refineries you can't just rebuild those i
I think one was hit in Qatar and one in Saudi Arabia.
And I think with that in mind and the fact that they closed the Shredder-Hermuz and as time goes on, it's becoming, I don't want to say clearer, but the likelihood that this drags on longer than a few days or a week seems to be going up significantly.
And so I think if you look at that, there is going to be some serious disruption in the supply chain of oil and gas.
Energy prices will go up.
Gasoline prices will go up.
That is the raw input of everything we do in the global economy.
And that's going to be very deleterious to the state of the global economy, not just in the Middle East, but definitely here in the United States as well.
And so I think people just playing second, third order effects forward are like, okay, they're going to need to stimulate and quickly try to rejigger these supply chains to resupply the global economy with oil and gas.
And I wouldn't be surprised if what we've seen in the Bitcoin price is the beginning of a repricing of inflation going up significantly and money printing.
They're going to print a shit ton of money.
Yeah.
I mean, we already were in a silent recession, if not a depression.
People were hurting.
Now we're seeing unemployment likely going up significantly.
I mean, live during last week, we had Dorsey lay off half of his company, 4,000 people.
I guess less than half, 40% of his company.
Once again, still wild that he had 10,000 to begin with.
I don't know how much of that was AI and how much of that was just bloat.
But I think we can expect a lot more layoffs coming.
You multiply that against the S&P 500, that's an insane number of people, an insane amount of spending power in the economy.
Inflation was not under control already to begin with, even though they pretended it was.
and now the US is entangled in a what looks like a long drawn out war in the Middle East
so and energy prices are going up as a result of it we have obviously the Strait of Hormuz
is right there and I guess there's there's conflicting reports of it being closed or not
but I posted, if you open that most recent tweet that I put in there, Logan,
an insurance influencer sent this to me.
But supposedly part of the reason is,
even if the ships can technically travel through this tiny little strait,
I mean, if you look on a map, it's a tiny little strait between Oman and Iran.
Like 33 kilometers wide or something like that.
It's fucking tiny.
And even if they can pass through physically, like they won't get shot or probably won't get shot, it's still a risk.
They're not insured to do it.
And supposedly, to your buddy Tom Luongo's sake with the City of London, one of the things the City of London still has a significant lion's share of is the insurance industry,
specifically lloyds of london and even when lloyds of london isn't doing the insurance a lot
of times the smaller insurers are basically using lloyds's due diligence um to underwrite their own
policies right so like you get a quote from lloyds and then a smaller insurer will be like well we can
do slightly better than lloyds and they just assume lloyds have done the due diligence um
And the conspiracy that I guess the theory that this guy has is that the reason Lloyds of London has been so good at underwriting things is because MI6 is constantly passing them information about what's happening.
But MI6 presumably was left out of the conversation of Iran happening.
So MI6 was caught off guard.
The Brits were caught off guard.
And as a result, Lloyds of London was caught off guard.
And now a bunch of insurance are offsides.
So instead of the usual situation where they make bank on crises, they're just in pure panic mode, supposedly.
And they're just cutting people's insurance policies left and right, which is an interesting corollary that we saw during the draconian COVID response,
where it wasn't necessarily like a cafe getting locked down.
And the enforcement to stop the cafe from opening or stop the gym from opening was that the insurers weren't insuring them to open.
So the owners would have full liability if they opened and something bad happened in their store, in their business.
Which is just a wild thing to think about.
I don't pretend to be an insurance expert, but I think it's relevant here and something people should be keeping an eye on.
because it just feels like a lot of different dominoes are falling in a lot of different places.
And it's to our conversations that we've had previously with just AI alone,
that the dot plot of potential outcomes over the next few years seems wider than it's ever been.
No one really knows what's going to happen in the next couple of years.
You add all these things on top of it, you add all these variables on top of it,
and it's like, who the hell knows?
I don't know about you, but I'm just constantly
like my mind is running
I'm thinking about how to best position
the various different projects we have
but also my family
and be in the best situation possible
to kind of weather any kind of storm
that comes down the way
Yeah, completely agree
It's been a crazy week
and to the insurance point
I mean, looks like the Trump administration
reacted to the lawyers of London
and others pulling out
um by basically establishing it and ensure insurance for these ships via the u.s department
of finance um so you have the u.s government stepping in bailout insurance bailout of these
ships traveling through the strait of hermuz by the u.s government um i'm looking at the numbers
uh i think 37 billion of insurance policies that they've agreed to to back up maybe more
but yeah it's great and like the other than speaking of like ai these oil refineries
particularly the lng i mean i was i was watching um analysis by a commodities trader
an hour ago he's basically saying europe's low on lng south korea's low on lng
and it's restocking season and the lng refinery they got hit in guitar and that is shut down
and that their signaling will be shut down for months supplies like 20 of the world's
lng particularly in that part of the world uh china being one of those benefactors and another
add-on bring ai into it uh matt pines uh uap and bitcoin extraordinaire he's tweeting out that one
of the byproducts of LNG refinery operations is helium,
which is an integral part of wafer development for these AI chips.
Something like 80% or something like 30% of the helium byproduct used
for wafer development was coming out of that LNG facility too.
To your point, cascading domino effects across many markets
at the same time.
I don't think the markets are reacting correctly to this.
I think oil should be way higher, I think.
The markets seem very confused.
I think at first, there were a lot of takes that thought this was just a quick assassination job,
and then it was going to be over.
I think Iran is putting up way more of a fight than Trump or any of his people expected.
I don't think they expected what has happened since they attacked them.
And I think markets are also quite confused about it.
And then I think there's this weird situation where you have an inflating currency.
You don't really have many places to go.
Gold already ran up significantly.
Gold kind of repriced like 30 years of price suppression over the last four months.
So it's like 2x in the last four months.
So you don't have many places to go.
I think a lot of people are expecting depressionary type of situation, but with massive money printing.
So at the same time, assets should go up in value.
You want to be in whatever that is.
You want to be in stocks, commodities, Bitcoin, when the printer gets turned on.
So people are stuck between this.
meanwhile bonds are getting whacked um so it's a very unique time period and i think markets are
very confused and don't know how to market participants right markets are made up of people
are very confused and don't know how to play uh play it yeah and then we have the saber rattling
between the Department of War and Anthropic.
Breaking news.
Let me pull it up here.
I mean, meanwhile, didn't they ban them
and then they used them in the assassination
like two days later?
Well, now they're banned again.
Breaking.
The Pentagon has formally notified Anthropic
that the company and its technology
have been designated as a potential risk
to the U.S. supply chain,
raising concerns within the Pentagon
about the security and integrity of systems
connected to critical national infrastructure.
they're just going to try and nationalize
all this stuff
100% always we're going to
and you do
have to wonder how much of it is talk
and how much of it is reality
behind the scenes I mean we know
OpenAI is working with them
we know Elon is definitely working with them
I mean he's clearly
did you see like
yeah Palantir is like designed to work
with them
we
there was reports that so they have these drones iran has these drones these shahad drones that
are relatively cheap um and they've been using them a lot and they they sell them to russia and
then russia uses them in ukraine um and it's weird right you call them kamikaze drones like
is it kamikaze is it a kamikaze drone or is it just a different type of cruise missile that's
much cheaper. It's kind of a blurred line when you have a kamikaze drone. But it's designed to
be relatively cheap. And you pre-target it, and then you send it to its target. And as a result,
because it's so cheap, you can send a lot of them. Because it's pre-targeted, you can't jam them.
And if you wanted to shoot them down, it's going to cost you a lot of money to shoot them down.
And so they've been very effective. And supposedly, the US government, in a blitz over the last year
or so, reproduce them and have their own version that's even cheaper. And theirs have basically a
Starlink dish on the back of it. And so as a result, they can have them communicate with each
other and reposition them over time instead of just setting GPS coordinates and sending them off
on their way, like setting pre-inertial targets and sending them on their way. And then you can't
change them after the fact, but the US ones you can change after the fact and they're cheaper.
And so people were reporting on it on X and Elon went in there and he's like, oh, that's not Starlink.
That's Starshield, which is the same exact technology with my satellites, but managed by the US government.
Starlink does not work with military.
And it's like, OK, like that's a complete fucking technicality.
And for all intents and purposes, it's the same thing.
Yeah.
do you think this is all to cover up the epstein files
that too yes 100 i mean meanwhile while this is happening like the clintons are testifying
trump is definitely and all of his people are like all throughout the files as well
hillary hillary got asked about frazzled drip which was uh did you see did you see clinton clinton
was like nostalgia googling the files and the photos yeah and then the lawyer tried to take it
away from him and then he was like no no let me see it and he's like pointing and smiling and
stuff and then they asked him they were like are you are you friends with jis lane and he's like
well not really i was closer with the roth childs who were friends with her it's like okay that's
maybe worse.
But yeah,
I think a lot of it is for distraction on the Epstein stuff.
And I think specifically it wasn't supposed to be a long entangled war.
I think,
I think he thought he could get like an easy quote unquote win.
That would be a distraction and move the news cycle along.
Well,
that's not going to work brother.
That's not going to work.
President Trump.
I mean,
another thing like you see yesterday,
they voted in the house.
They voted 357 to 65 to kill an effort to release congressional sexual misconduct records.
So it's like, I think Christy Noem, and I forget who put it up there, but Tim Burchard, I think Babbert, and a couple others are like, hey, there's a ton of sexual misconduct going on on the Hill.
I think the American people should know.
And they voted 357 to 65.
And then yesterday declassified CIA docs confirm a theory that we been talking about for years on the show which is that the U created Lyme disease in a lab I believe that one That real I mean declassified docs confirmed it They were literally Oh they confirmed it
Yeah.
On the little island up there, right?
Plum Island.
Yeah.
I see map 21 zapped us 21,000 sats.
Thank you, sir, for your support.
I am the other one.
They definitely created to the PETA one.
The one that makes you allergic to meat.
Yeah.
The loan tick disease.
Guys, this episode of RHR was brought to you by our good friends at the IRS.
You have to pay your taxes in one month and 10 days.
Use the code RHR for 10% off.
This is what you're paying for.
Fucking scam, man.
It really is.
It's all so fucked up.
All right.
We've got positive.
We have tons of positive.
action-oriented things that we have to talk about.
We're done dooming.
It's time to figure out how long.
How long have we been going?
It's been like a half an hour.
We can build ourselves out of this problem.
This one really isn't action-oriented.
I think this is a funny and a bit scary story.
It's equally funny and scary.
Last night, John Daguita, a U.S. government contractor,
allegedly stole more than $46 million in cryptocurrency
from the U.S. Martial Service was arrested on the island of St. Martin
by the French Genomiers Premier Elite Tactical Unit
in a joint operation with the FBI.
So yeah, this is the son of a government contractor
who was contracted to secure the cryptocurrencies
that have been seized by the U.S. government.
And it doesn't look like this company was able to secure them properly
because the CEO's time simply stole them and ran away to the French.
And it wasn't like a small amount of money, $46 million.
And that was presumably after the crash, right?
I mean, I assume when he stole it, it was worth even more.
Yeah.
Logan, pull up the picture of this guy.
I hope this was a disguise.
I don't think it's a disguise.
I think it's just a bad haircut.
He's got Bahamas slip-ons on.
Look at the caliber of the thief these days.
It's just not good.
It goes to show that these large bureaucracies,
they're just so incompetent.
They just can't handle such basic tasks like securing Bitcoin or crypto.
We don't know what the breakdown of the crypto is.
Hey, U.S. government, if you want a contract,
you can pay Matt and I.
We'll take 500 grand a year apiece.
We'll run it to the
RHR LLC and we'll
set up
mini-script multi-sig
wallets that will secure your Bitcoin better
than this contract. Insured by
Lloyds of London? Yeah, insured by
Lloyds of London. I know you're in war with the
city of London right now, but
they will back it.
I mean, jokes aside,
the picture there had treasures.
She should have used gold cards.
with the duress pens.
Come on.
Maybe it was a bunch of shit coins.
I mean, GoldGard doesn't support shit coins.
It's true.
We don't support shit coins here either at RHR,
so we got to give a shout out to Mav21
who zapped us 21,000 sats.
Thank you, sir.
Thank you.
If you are listening or watching on the live stream,
be a Noster.
You can go to primal.net slash RHR.
Follow us and then hop in the live stream and you can zap.
yeah but seriously u.s government find better um better contractors to secure your bitcoin
i said we're going to get the action-oriented stuff but you front-loaded the list with the
negative stuff um you know one of those negative things that we've talked about before but you
should all be aware of is the fact that um x uses an israeli company au 10 ticks to do all their
ID verification when you upload your
personal identifying information onto X
and it looks like this company is spying on people.
My real name has been emerged as soon as I started speaking out against
Jewish problem in Japan. Only AU10 ticks
and X holds my data obtained from ID verification. Rumors are absolutely
true. The blue check is a
And specifically, the people that are getting verified for revenue sharing is an Israeli honeypot, straight up.
And Elon is definitely aware of it.
Yeah.
And he's not the only one who said this.
Multiple NIMS, that the only way that they would know their name was if that verification information was getting out there.
have seen their real names and personal information searched for
as a result of them boasting against Israelis.
Yeah.
No, I mean, and then you have, I mean,
just the Google trend search chart, happy thing.
I mean, what happened in Austin over the weekend was absolutely terrible.
And it hits close to home because I've been to that bar Buford's a few times.
not too far from where i lived and where uh bitcoin park austin is actually right down the
street from bitcoin park austin but that's the other thing like it's like the main block right
yeah sixth street west sixth street um like the main party block that guy's name that guy's name
if you search google trends like in israel like it was searched like a week or two before
you went and shot that too so that's the other thing you have to be aware of
fog or false flag attacks um be aware freaks be aware all right are we going to positive news
yes graphene os partners with motorola for privacy focus foam
yeah so for the longest time uh i mean to the naive external observer it seemed weird
But the way to use the best de-Googled, privacy-focused Android OS, Graphene, was with Google phones, specifically Pixel phones.
And that's because Google made a point of allowing external developers such as Graphene to not just flash new software on.
A lot of the phone manufacturers allow you to flash new software on,
but then relock the bootloader so that they're secure
and you can't just overwrite the OS by...
A malicious actor can't just overwrite the OS by plugging into the USB port.
So you need to be able to both unlock the bootloader,
which a lot of phone manufacturers allow,
and then relock it after you install the new OS.
And so they historically have been pixel-only in terms of their support.
Google had telegraphed recently, like in the last six, eight months,
that they were going to stop allowing that practice,
or they were at least considering not allowing that practice.
I don't know how concrete it is.
And so the graphene team has been looking for alternatives.
A lot of people wanted them to make their own phone.
Everyone who tries to make their own phone gets fucking crushed.
We've seen like Purism try and do it.
There's been a bunch of different companies that have tried to do it.
It's very hard to make hardware.
It's very expensive.
You end up in borderline scam pre-order situations where you get your phone like three years later.
It has horrible specs.
The whole thing becomes like a massive disaster.
So I'm very glad that Graphene decided not to go that route.
This was basically, I'm paraphrasing, but what they said as well about why they didn't want to go that route.
So instead, they're partnering with Motorola, which is owned by Lenovo now.
So there is a little bit of irony there that it's kind of a CCP operation.
But if it's done right, you shouldn't have to trust the hardware too much.
And I think it's a great partnership.
I think Motorola continues to make really good hardware.
They have a lot of great Android phone options.
And if they work closely with Graphene, it could actually be an even more aligned experience than what we saw with Pixel devices already.
So I think anyone who uses Graphene or is excited about privacy and freedom-focused mobile experiences should be very excited about this news.
This is a big one.
Yeah, and I think just by partnering with Motorola and getting more distribution, you can see the rapid improvement of Graphene OS, just getting it into more hands.
Because let's be honest, the process of flashing it onto a Pixel, I've done it before.
it's not fun it's not straightforward so you can get it out of the box get it into more hands get
more feedback get more energy around it um it could become it probably compare maybe not feature
comparable something like ios but um become a very solid option on the market to be clear
they've made it a lot easier to flash graphene you can even do it from another phone now
which is pretty cool.
But yeah, I agree.
Nobody wants to do.
Yeah, you can definitely make it easier.
I see someone in the live chat was letting us know
that Primal is having issues showing zaps.
And this is the beauty of open protocols.
Nostra streaming spec is an open spec.
So you can view the stream and interact with it
on many different apps.
and one of them web-based is zapstream zap.stream and so yeah there are a ton of zaps here are you
going to read them out martin yeah we got soap miner coming in with 21 000 sats this whole
world war three is a big sigh up be careful out there freaks cosine fog of war information war
be careful out there the biggest bitcoin conference this is from bitcoin is for everyone's at 21 031
21Sats. The biggest Bitcoin
conference in the Pacific Northwest, Bitcoin
is for Everyone, is set for May 22nd
and 23rd at Revolution Hall
in Portland, Oregon.
Ticket sales are live at
BitcoinIsForEveryone.com. Use
promo code NOSTERINSIDER
for 21% off.
Can we get an RHR promo
code? Yeah, come on. You don't have to
give us a cut. Just the people
expect to be able to just put RHR in.
Yeah, they've been conditioned.
Northwest Arkansas Bitcoin zapped
21,479 sats.
Go to your local meetup.
Great, great advice there from Northwest Arkansas.
Bitcoin.
And then last but not least,
Bitcoin is for everyone's app twice
because they probably thought we missed the original one.
21,621 sats.
Same message.
The biggest Bitcoin conference in the Pacific Northwest.
Bitcoin is for everyone except for May 22nd, 23rd
at Revolution Hall in Portland, Oregon.
Tickets sales are live at
Bitcoinisforeveryone.com.
Use promo code NOSTERINSIDER for 21% off.
You missed a couple.
There's a lot of support here.
Thank you, Freaks.
Drew Zapped.
Drew Cattlebike.
Ride or die Freaks Zapped.
21,479 sats.
He says, Bitcoin is for everyone, even those you oppose.
Strongly agree.
And then Soap Miner Zapped.
21,000 sats.
Primal is not working right.
This is the second zap I've sent.
Millian needs to do better.
Yeah, well, I get on him.
And there's some exciting news on that front,
but we'll have to save that for another episode.
But yes, hand up that's on us,
that the Zaps aren't working,
and we will troubleshoot and make sure it doesn't happen again.
Or the Zaps are working,
but the display of the Zaps aren't working.
They're being received.
You read the Arkansas one?
Go to your local meetup?
Yeah, go to your local meetup.
I think that's all of them now.
Thank you, Freaks.
And by the way,
I think there was some confusion, but we read every zap over 21,000 sets.
Sometimes we'll read ones that are lower.
They're particularly juicy, but.
Next up, big news.
Big news for the RHR, the 1031, the Strike Family.
Strike is now available in New York.
And they also.
Massive.
Have rolled out their Bitcoin line of credit products, which you've been teasing.
Yeah.
So there's two big things here.
Obviously, New York has been a massive hurdle.
The crony capitalists over in New York make it really difficult to serve that state.
They have the BitLiscence there.
I remember being at the original Lawski hearings in 2014, somewhere around then, 2015, when they basically just rammed it down New Yorkers' throats to support the larger companies that were already operating the space.
and that can afford to get the bit license.
So massive accomplishment for the strike team
to finally be operating there.
It was the last of the 50 states.
So now officially strike is available in all 50 states
and 95 plus countries.
Massive accomplishment.
If you're in New York, you now have access to strike.
Huge.
I think, you know, people,
a lot of people you talk to still don't realize that
strike is just a fantastic way to buy and sell bitcoin the limits are very high the customer
service is great the full stack is controlled in-house we control all of our own infrastructure
and it's done in a very responsible robust way and you can use code rhr to sign up
when you sign up with code rhr what do they get uh first five hundred dollars of trading fees
on the house there you go and if you dca with strike you if you if you just do auto stack
you have no fees always forever um and you can do auto stack then auto withdraw
obviously we like the cold card the best auto withdraw to your cold card use code rhr with
cold card as well. Self-custody is the way. Buy real Bitcoin, self-custody it. And the stats on
strike are insane in terms of how much Bitcoin is self-custodied and withdrawn off the platform,
which is wonderful to see and not a coincidence. It's how the UX is designed. The UX is designed
to encourage self-custody, which is exactly what you want to see. The other thing, by the way,
I saw some questions about it.
Yes, in New York, Lightning is supported as well.
And also, the full suite of products should be available in New York in the next month or so.
There's a delay after launch in the state before loans and whatnot can be offered there.
So that's awesome.
All of that is great to see.
I think, and then the line of credit product is a new product that has been rolled out in two states.
Right now, it's, I believe, Massachusetts and Georgia.
And that's not for regulatory reasons.
That's just for fine tuning the product.
So that should probably get rolled out in more locations pretty soon.
And the line of credit product is this idea that instead of...
So the reason most people, myself included, take out loans on their Bitcoin is because
you want to legally avoid cap gains tax.
And so you take a loan out on your Bitcoin, you get to keep your Bitcoin, you don't sell
it. And as a result, you don't have to pay cap gains tax. Now, if you're taking out a 12 month
loan, it can be very burdensome, right? To take out a larger loan that maybe you need and hold it
for a year and then deal with refinancing it after a year and carrying it on or paying it off or
whatnot. So the line of credit is a separate way of handling that kind of experience that'll be
available to users. And that just allows you to have an on-demand credit stream based on your
Bitcoin holdings that are on the platform. And so when you combine that with stuff like the bill
pay feature, where you can pay off your credit card bills, if you combine that with the direct
deposits of your paycheck, you can start to see where it compounds and gets really powerful,
where you can have it automatically effectively take out a small line of credit to pay off your
credit card bill so that you don't get hit with cap gains and that you're ending up with more
Bitcoin. As always, borrow responsibly, be conservative about it, always assume an 80%
drawdown. And I thought it was really cool. Jack actually vibed a dashboard where you can input all
the different numbers, how much money you make, what are your expenses, how much do you expect
to borrow, what do you think Bitcoin's growth rate will be, what do you think the max downturn
will be. And you can move all the sliders, change it. It all happens locally in your browser. Nothing
gets sent up to the cloud or anything. And then you can make more educated decisions on how you
want to use these products. But I'm just continuously impressed by the Strike team.
They ship, ship, ship. They're constantly thinking about making the best product for their users.
As the largest investor, 1031, we're very involved with Strike. So if you have any feedback,
concerns, whatnot, feel free to reach out to me.
I'm happy to, first of all, feedback is appreciated.
And then if you have any issues, I'm always happy to help out. And my best
contact information is on my website, odell.xyz.
Incredible products. Good to say.
This episode is our sponsor by Strike as well, but cosign
everything there. The speed at which they
ship the types of products as a bitcoiner that they're they're bringing to market i mean this
line of credit is massive somebody has just bought a house and is doing a bunch of a
bunch of uh remodeling and stuff like that it it's incredibly timely for me specifically and then
like iterating on the go i think that's jack's mentality i think he's talked about this
many times. One thing
I like
is, hey, it might not be perfect
out of the gate, but we want to get these products
in people's hands as quickly as possible and
iterate as we get feedback.
To Matt's point, if you have feedback,
if you're playing with these
new products as they're being released,
provide the feedback. The more feedback
the better.
We're going to win.
We're going to win. It was a gloomy start,
but we're getting more bullish as the list goes on.
another bullish story bitwise donates 232 000 to bitcoin open source 233 000 233 000 you had it
had to be 233 you couldn't couldn't bump it up to 234 down to 232 they had to add the 33 in there
right come on we're just wanted the palindrome uh um bitwise look bitwise deserves a shit ton
the fucking credit for following through on this commitment. There are not many companies out there
that are actively supporting the open source developers that make this movement possible
in the first place. Bitwise's commitment specifically is one of the cooler commitments
because it's indexed to their profits. So it's 10% of the profits of their ETF get donated and
And it's split evenly between us, OpenSats, and HRF and Brink, which was by design.
It was something that I helped champion in that you're trying to reduce conflicts of
interest in every facet of the whole stack.
And so Bitwise isn't involved in any of the funding decisions.
And then because it's split between multiple orgs, then you're also splitting funding decisions
between multiple orgs instead of all in one place.
I will say, without naming names, there's been other companies that have made multi-year
commitments that have failed to follow through on them.
But Bitwise is not one of them So they do deserve a lot of credit And they the only ETF provider that is supporting open source developers right now that I am aware of which is unfortunate
I was hoping that as those products came out, at least one of the silver linings of paper Bitcoin Wall Street custodial products was going to be more sustainable support for open source.
But as it is, huge support, huge, huge, huge thanks to Bitwise.
Very grateful.
I'm just doing some research here on BlackRock's ETF,
generating over $245 million in estimated annual revenue from fees as of late 2025.
So that's revenue.
Let's just say, what do you think their profit margin is on that?
probably kind of small to be honest.
ETF represents the firm's top revenue source.
A big surprise for the firm manage.
Fine revenue.
Multiply by 1%.
What is 1%?
$2.5 million.
1%?
Yeah.
Approximately.
It's got to be way higher than that.
Yeah, maybe 2.5%.
So what, 2.5% is like $6 million.
Yeah.
$6.5 million.
Yeah.
I mean, what are their fees on the actual product?
They're the highest of all of them, right?
25-bit management fee.
Is that revenue number just a management fee?
I assume so, yeah.
Then it's way higher.
So then it's way higher.
Then it's like 60, 70% of that.
They're probably making like $100 million or something on this thing.
Yeah, just trying to do the math.
They can probably...
You can't give a quarter million dollars to open source developers.
Yeah, yeah. Come on. Come on.
And just a reminder, I take no money from OpenSats.
We run an incredibly lean operation.
Our nine-person board is all volunteer-based,
and all funding decisions require five of nine of us to approve them
to help reduce the potential for corruption.
I didn't realize you guys weren't taking,
I thought you were making a ton of money off of open.
Fuck you.
Fuck me.
We could pull the open AI move and switch the name to our sats
and take all the funds, but we're not going to do that.
Okay.
Exit strategy.
Think of it.
It's got open in there.
Gabon is where we are focused for our Human Rights Foundation
story of the week where the government has suspended social media access nationwide last
week officials in gabon suspended access to social media platforms and definitely to justify the
suspension the country's telecommunications agency said it observed content that undermines
human dignity the country's institutions and national security on digital platforms but
independent voices condemn the action as an obvious crackdown on dissent users of tiktok
and Meta's platforms, including Facebook and WhatsApp, reported widespread disruptions
beginning Wednesday, February 18th, which have widely disrupted people's ability to communicate.
Freedom tech like BitChat, which provides offline messaging capabilities, and Noster,
a protocol for decentralized censorship-resistant communication, will continue to play important
roles in preserving speech, expression, and communication as authoritarian regimes increasingly
restrict internet freedom.
For more stories like this and others, make sure you sign up for the Financial Freedom Report newsletter at financialfreedomreport.org.
There's another reminder of why all this stuff is so important.
Yeah, I saw Callie tweeting earlier this week, I think, with the increase in military activity in the Middle East, Iraq.
saw a massive uptick in uh in bit chat downloads let's see if i can find the tweet
i see jor's asking he's saying he's visiting us in nashville any golf courses worth playing
i mean if you butter up rod he has a fantastic private course
that's the route don't tell him i told you to butter him up just uh hit him with a little butter
and mention that you love a good round
and it might happen.
Yeah.
Callie tweeted out on March 2nd,
the chat downloads in Iraq spiking
in case you're monitoring the situation.
That's the other thing.
It's like they're sending the Kurds into Iran.
Because that always works, you know,
just funding insurgencies.
Yeah.
it's like
it's literally
never worked
it's never worked
I have to stop
saying we
the US government
has done this
a million times
and it has
never worked
once
it'll work
this time
it'll work
this time
don't worry
the Kurds
got it
I mean
dude
it's crazy
the
I don't know
just
if you're rich
and you can choose
where to live
don't choose
to live
in the Middle East
and if you can't choose where to live
I like my heart goes out for you
it really fucking sucks
yeah
alright
more bullish news
stealth private bitcoin wallet privacy
auditor tool has been released
I thought this was cool
but I haven't played around with it so full disclosure
so
this is Breno Brito
do you know how your UTXOs are connected
this weekend we created stealth to privately audit your wallet and flag privacy issues and
recommend suggestions on how to approach them i'm super proud of this project we built for btc plus
plus hackathon exploits edition um this is cool hackathon i assume you haven't played with it right
no not yet um it seems like it runs locally which is absolutely important here and i did see
that you can use it with your own node which you should like number one rule with bitcoin privacy
is that if you're not using your own node,
you're using someone else's node
and they can see all your transactions
and link your transaction activity.
So you want to use your own node with something like this
and you want to use your own node
if you care about using Bitcoin privately in the first place.
But this is something that I've been theorizing
for a little bit now with the rise of AI
and why I think AI is such a great,
specifically open source AI is such a great
complementary technology to the existing FreedomTech stack, whether that's Bitcoin,
Nostra, anything else. And that's because there's all these friction points when you're using
FreedomTech technology. And one of the big ones that we've talked about for probably hours and
hours and hours across all three of our shows, whether that's RHR, TFTC, or Sill Dispatch,
is coin control and deciding which inputs you're going to use in a transaction and if they're
linked together. And you always have this warring situation of the more inputs you use,
the less outputs you have. So the less UTXOs you have in your wallet, the cheaper your future
transactions are. You pay less in transaction fees, but the worse your privacy is. And there's
this balancing act that wallets have had a lot of difficulty automating. They can never automate it
correctly. But when you start adding AI agents to the mix, then you can do some really interesting
things where a lot of this stuff can be automated or at the very least shown to the user in a very
accessible way where they can understand, okay, this will cost me more money, but it's going to
give me these privacy gains. This is where I'm exposed. Now I'm going to initiate the transaction.
And you can do all of this. The cool part about Bitcoin is you can do all of this without giving
access to your funds to the agent. The agent can have your public key and can see all of your funds
and can help you with this. But at the end of the day, you could have your keys on something like a
cold card. And when the transaction is ready to be signed, you can verify it on your cold device
and press the approval button yourself rather than having the agent do it. If it's small pocket
change, I think we'll also see scenarios where agents are handling this stuff. I mean, Marty and
I have given our robots access to a decent amount of sats. And in most situations, you'll probably
be fine even in that situation. But when you're talking about larger savings amounts, it's really
cool that you have the ability to basically just give them view access so they can assist you
without actually giving them spend access. Yeah, this would be massive. And if you look at the
comments of the announcement of Stealth.
It's really cool to see people already collaboratively building.
They're like, oh, get this in the Sparrow immediately.
Oh, here's how we would do that.
And so it seems like somebody's vibe-coded idea.
I'm assuming it was vibe-coded.
I think everybody's using these tools now.
But you can go to BTC Plus.
At least it was vibe-assisted.
Yeah, vibe-assisted, BTC Plus Plus, privacy edition,
or vulnerability edition.
And they launch it.
people like it and you begin implementing it in other tools but with all that being said this is
all for not matt this is all for not famed investor chamath palipapatiya came out and
said that the bitcoin has a structural flaw we're screwed play it logan
Do we have sound, Logan?
I think the reality is that Bitcoin, for the most part at this point, is there's a structural failing in Bitcoin that I think people will need to come and wrap their heads around.
The structural failing is that it is not.
So if you think about, like, what is the value maximizing function right now for a crypto asset to be broadly adopted?
it needs to have the features that allow a central bank to adopt it.
And there are two things that it lacks.
You know, one is fungibility and two is privacy.
And so Bitcoin fails on those two dimensions.
So it can never be a structural holding of a central bank.
And that simple thing will keep it in the realm of ETFs and humans and...
Does gold satisfy those conditions?
Yeah.
Fungibility, but not easily.
Both.
You have no idea how much the Bank of China owns.
You don't know how many ounces they own.
You don't know how many ounces I own.
When there's a public ledger that says this address has this much,
and you can't really trade it because you know the history and the provenance of that exact token.
It's been used to buy this.
It was transacted over here.
It went to this wallet.
That lack of fungibility and privacy is a huge deterrent for broad structural adoption.
That's what you need to then add another 10x of market cap.
So is there room for a different crypto asset that solves for the privacy and fungibility?
Yeah.
And are there projects right now?
Yes, but they're very small scale.
There's huge issues with them.
Those are even more volatile.
So Bitcoin's interesting.
All right, Colin, it's going to be a Zcash show.
I was going to say, John's in the comments saying,
Chamath sounds like a Monero, bro.
He's definitely shilling Zcash.
He's already shilled Zcash in the past, to be clear.
And I will say, I mean, look, obviously,
I think Bitcoin privacy should be more accessible.
I think we've made great strides in it.
I think Lightning helps in a lot of ways.
Like I said, I think these AI tools can help significantly
without any real protocol changes.
I think privacy is incredibly important.
I think if you have no privacy, you have no freedom.
And if you have no freedom, you have no wealth, period, simple.
I will say that Bitcoin doesn't get enough credit
for its ability to be used privately.
I think it's not as black and white as the haters make it seem.
I think anyone, by the way, who's ever used any of the shit coins is way worse.
Like Ethereum land, it's so bad.
It's literally you just have one fixed address of your entire financial transaction history, and then they use it to sign into websites and shit.
It's really, really bad.
By default, Bitcoin is already way better than that status quo.
And Chamath was a massive Solana shill.
So there's a lot of hypocrisy.
But yeah, I mean –
It's self-serving bullshit.
This guy, he doesn't understand common input ownership juristics.
He doesn't understand coin joins.
He doesn't understand the multi-subprotocol layer that's being built on Bitcoin with eCash, Lightning.
Probably never even used Lightning.
Probably never used Lightning.
And as you were describing Stealth, I thought it was important to bring this up because it shows how early we are.
Tools to use Bitcoin more privately exist.
They just haven't been implemented correctly.
and tools like stealth get us closer to that end state we all want to get to both on chain but then
if you want perfect privacy you can bump it uh to another to another layer that has better
privacy like lightning or e-cash and it's just going to be extremely frustrating when this guy
gets it it's that whole silicon valley 16z like bladgy been on the show like him friend but
completely disagree with the Zcash framing and really paying.
And the whole fungibility thing, it's not even true.
Bitcoin is fungible.
I mean, people have been trying to say it's not,
but find me a UTXO that somebody hasn't been able to accept.
Dude, if you send someone a Lightning payment,
they don't even know what UTXO funded that transaction.
If you deposit a Lightning transaction on an exchange,
they have no idea what UTXO funded that transaction.
I will push back on the term perfect privacy.
I just don't think we should ever really use that term.
I think it's trade-offs all the way down.
Did I say perfect privacy?
I didn't mean to say perfect privacy.
Yeah.
I know you didn't, which is why I bring it up.
But yeah, I mean, it's just, like you said, a lot of self-serving bullshit.
And expect more of it.
I mean, we saw like a very heavy concentrated Zcash pump earlier in the year.
And I think a lot of people are underwater from it.
So we'll probably see a lot of Coke chills as a result of that.
Hey, we're zideline, bro.
We're biased because we're zideline.
Okay.
We're not allowed to talk.
Yeah.
I mean, look, and Zcash specifically is you have a US-based company that is backing it.
It's got Israeli funding.
It's like basically Mossad coin.
and there's no way for you to verify the supply.
You're always at, they always forget that trade-off.
They always, they never mentioned that trade-off.
So yeah, like maybe you have some privacy improvements
on a very small anonymity step, by the way,
because you have way less users than Bitcoin users.
But you could just be inflated away
and rugged at any time, period,
which is a crazy trade-off to make
And one that I don't expect nation states to make, because the whole point of Bitcoin is that it's supposed to be used by people that don't trust other counterparties.
It's supposed to be used without counterparty risk.
And then last but not least, it's incredibly easy to change because it has such a concentration of ownership and dev management.
And regardless of a lot of the debate in Bitcoin, I will say it goes to show that it's very difficult to change Bitcoin.
and that is its fundamental value prop.
And we've seen that time and time again.
I see Jor zapped 22,222 sats.
He says, row of decks, palindrome boost,
thanks to the butter.
Cheers.
I hope you get a good round in.
I do too.
And to build on this point,
to highlight that Lightning does add a degree of privacy
to your Bitcoin spending,
nothing validates that more than Cake Wallet.
integrating Lightning and launching it earlier this week.
So Lightning is now available for CakeWallet users.
I believe they're using a combination of Spark and Breeze's SDK
to bring this to their users.
But for those who are unaware, CakeWallet historically has been
highly privacy-focused.
There's their reason for being is to make it so people can transact
with Bitcoin and other cryptocurrencies more privately.
And so seeing Lightning added to this is a long time coming,
but I think they wanted to do it the right way.
It's good to see.
Yeah, I mean, look, I have disagreements with the Cake team
on the amount of shitcoins that they have in the wallet,
but obviously you can use the wallet without interacting
with any of the shitcoins that they support.
And I have spoken to them, and they have a lot of basically tech
and user debt there.
It's like once you add the shitcoins, it's really hard to remove them
because then you just basically rug the user base that is using them.
And as a result, they have significantly more users than most of the Bitcoin-only wallets.
So it's fantastic to see them have first-class Bitcoin support in the wallet.
And it really does work quite well.
Lightning is great to see, but they also offer silent payments.
They offer PayJoin.
They're one of the few wallets that offer PayJoin.
By the way, on the privacy...
Yeah, go on.
More than a million users, I think, or downloads historically.
Yeah.
They have a lot of users.
on the privacy piece by the way like i also like maybe it's never going to happen but i also feel
like liquid never gets enough credit it's like very easy to peg in and peg out of liquid it has
confidential transactions it actually supports all of the bullshit that all the shit coins support
you know ask like uh tokens and everything that like ethereum and slana do if you want to use
tether in a private way technically speaking liquid is the most private way to use tether
now i say technically because they just don't have that many users so it's like if a hundred people
are using tether on liquid you're one of a hundred but as far as the tech is concerned it's actually
very easy to use and it's kind of a chicken and egg like they've never been able to unlock adoption
and then because they don't have much adoption,
it's not very ironically liquid
and you don't have a big anonymity set.
They have very limited hardware wallet support.
I think the only hardware wallet that supports it is the Jade.
And look, I might get shit for it,
but I don't think anyone should be using a Jade hardware wallet.
It's just like not a good wallet.
You just use it in your hands.
There's better options out there.
And most people that are recommending it
is because they're sponsored.
It's just the reality of the situation.
By the way, while we're here, I have Francis Mars on Noster.
I believe one of the co-founders of ChainDuel.
His co-founder is a friend of mine.
I'm misplacing it, Pedro.
I love their team.
I think ChainDuel is awesome.
It's a really fun game where you use sats and you can win sats.
and you play PVP against other people.
Supposedly, I mentioned a few weeks ago,
maybe even longer, maybe a couple months ago,
I mentioned that they got hacked.
I'm just going to read what he said
because he said I need to correct the record.
And I definitely didn't mean to misspeak on this front
for what it's worth.
He said, you mentioned that vibe coding
can lead to loss of funds
and mentioned the chain dual hack
as an example of how vibe coding led to a real hack.
But that wasn't the case.
There wasn't any component associated with ChainDuel
that was vibe coded, and the hack wasn't related to the game.
It was caused by AlbiHub being enabled on my umbral
without the installation being finished,
which allows anyone full access without authentication.
The timing was suspicious.
Just as it was on a day, we released PubPay live and sent an article I wrote about it to my contact list.
And one hour later, my node was breached.
Obviously, it fucking sucks that they got hacked.
I'm sorry if I misspoke.
I think we might have had a separate vibe coding thing that we were talking about.
And I was just like, when funds are involved, you should just be extra concerned.
I don't know if I actually said that they were vibe coding.
But if I did end up, that's my fault.
And I'm sorry if I brought shame to his family and his project by saying that was not my intention.
So this is me correcting the record.
If we ever screw up, let us know.
We'll correct the record.
I vaguely remember this conversation and no harm was meant.
I'll speak on Matt's behalf.
I know him very well.
He would never speak harm on anybody.
We might as well give them a free shill.
If you want to play Chain Duel, go to chaineduel.net, I believe.
Let's see.
Yes, it's live.
Chaineduel.net.
And at most conferences, you can play in person.
It's a lot of fun.
They set it up on an arcade.
It's really fucking cool.
So anyway, sorry about that, guys.
It was not my intention.
Consider the record set corrected.
We've got some zaps in the live stream right now.
the commenter zapped 21,112 sats palindrome zapped.
Talk to me, Jack Mahlers.
I want LOC.
Jack, you got so many.
Then he followed that up with another 21,112 sat palindrome boost with
Let's Fucking Go.
You already read yours, but we missed those too.
So we have to make sure we got those in.
Next up on the list.
This is great to see from longtime ride or die freak.
Somebody who's spent days with this podcast,
multiple weeks now at this point,
potentially a month,
Pseudo Carlos launched Tail Relay.
And so if you've been playing with OpenClaw,
you're running into VPS like I am,
I learned that setting up Tail Scale
between my VPS and the rest of the internet
was advantageous to increase the security
and privacy of my server.
than it looks like.
Sudacarles has had the idea for a thing
that makes accessing start nines
using tail scale much easier.
So he cleaned up the UI
and made adding services a little more intuitive.
He wants to build on this
and add tutorials for more complicated setups
like core lightning on Zeus
or allowing tail relay to act as a middle proxy.
Check it out.
There's a base image and a start OS
version 0.3.5.1 compatible package.
You can get the latter here.
links to his github page but no it's cool to see carlos carlos wants righted our freak wants
everyone to know do not be reckless with it he's actually looking for feedback more than anything
um he the story of this by the way is he messaged me on signal asking for feedback
he's like look at this cool thing i built can you can you give it a look and give me feedback
and i just immediately pressed retweet on nostr and he's like what the fuck dude
and I was like well now you're going to get plenty of feedback
and I was like I'll bring it up on RHR too
so anyway pretty cool to see
the fast iteration of all these different tools
and shout out to Carlos for putting it together
but definitely give him feedback
if you do use it, you do play around with it
he's looking for it
I think at this point Marty by the way we should
read Zaps
Boost from Fountain
zaps on on primal.net slash rhr like on the actual nostor video we had two zaps over 21 000 sets
from last week um we had rider die freak map 21 with 42 000 sets saying appreciate you guys
and then we had rider die freak roaming with 21 000 sets asteroid emoji great show dude's been on
fire with his asteroid emojis that's you know that would be the icing on the cake wouldn't it
if we just got hit by an asteroid while all this shit was going down.
Yes.
Top three boost from Rabbit Hole Recap.
$3.98, Bitcoin is the best money.
Ride or die.
First time in a long time.
Not first time, but first time in a long time.
Eric 9-9, 50,000, five sets, palindrome boost.
Proverbs 22-4.
The reward for humility and fear of the Lord is riches and honor in life.
Matthew 16, 19 to 20.
Do not store up for yourselves treasures on earth, but store up yourselves treasure in heaven.
Matt O'Dell.
Stay humble.
Stack sats.
Shout out to you guys.
Been a while, sir.
Great to see you.
Thank you.
I'm glad everything seems to be all right with you.
I hope everything's all right with you.
Thank you for the support.
96 Eclipse, 21,012 sats, palindrome boost.
Repping the Fountain Freaks, great rep as always.
Thank you.
Thank you, 96 Eclipse.
And then third and final boost.
Thank you, sir.
398, 21,012 sats, palindrome boost.
From Eric99 again, hit us with 71,007 sats in total.
One John 216 for everything in the world.
the lust of the flesh, the lust of the eyes
and the pride of life comes not from the Father
but from the world
thank you Eric
thank you sir, great advice
great verses there sir
moving on to updates
Yakihone
is out
with a new update
with scheduled notes, packs discovering
and smarter features which are now live
rolling out a new update for Yaki Honey across web and mobile
with a strong focus on creator workflows, discovery, and everyday usability.
The release introduces starter packs and media packs that are NIP 51 compatible,
improves onboarding, and adds one of the most requested features by users,
which is scheduled notes.
So if you're running a media company and you're posting on Nostrad
and you like to schedule things or an individual,
you can now do that via Yaki Honey.
Great feature.
These guys are some of the unsung heroes of Noster.
They built a great app, great product.
Check it out, Yakahone.
They're multi-platform.
They're on iOS, Android, web.
Love to see it.
They just keep shipping.
We'll link to that in the show notes.
Next up, we've got Wisp, a new Android Noster client, which is in beta.
That's W-I-S-K.
I like this name.
It's WISP, not WISC.
You have it as WISC in the show notes.
Or no, I just misread it.
It's WISP, W-I-S-P.
I was going to say my bot made the titles.
It was more likely you got it wrong than he did.
It's on early access beta exclusively on Zap Store.
The goal of WISP is to be fast, simple, and most importantly, it should just work.
It uses relay intelligently, relays intelligently, so you don't have to.
I designed it to be my daily driver and to make Nostra more fun than frustrating.
Some core features to call out.
Beautiful, minimal, lightning-fast UX built in NWC, Nostra Wallet Connect.
Wallet, Zap sounds and animations, a GIF keyboard, inbox slash outbox model, and so much more.
So go try this out.
Shout out to UTXO, the webmaster.
I mean, UTXO is a good friend at Rider-Dive Freak.
I absolutely love this app.
It's, he built it relatively quickly too,
which is really cool to see.
Look, open protocols, it's,
you're able to fastly iterate.
I mean, I saw one conversation and it's like,
oh, if Nost are successful,
will we see app stores ban it?
It's like, we're at the point already
where an average user can spin up a basic client
with just a simple AI tool.
But UTXO put a lot of work into this
and it's very performant.
It's quite fast.
Absolutely love to see it.
Just a quick note, Marty skimmed through it.
Nostra Wallet Connect is an open protocol for connecting wallets.
So if you have a Nostra Wallet Connect supported wallet, you can easily use it, integrate it into this app.
You just pair it with a QR code or a copy paste function.
And then you can zap in the wallet.
And there's a bunch of different Nostra Wallet Connect wallets out there.
Zeus is one of them.
Cashew is one of them Primal Wallet is Nostra Wallet Connect capable And also by the way we hear that a lot on the Primal side Oh I like Primal but I don want to use the built Primal Wallet
Well, Primal also, not only does Primal Wallet support Nostra Wallet Connect,
so you can use Primal Wallet with something like Wisp,
but it's also the reverse too.
You can use Primal and you can zap with an external wallet
that has Nostra Wallet Connect support.
And all the communication happens through Nostra.
It's really clean.
Nostra.
People, it's happening, freaks.
It's happening.
Gradually, then suddenly.
I do feel like we need it more than ever.
And I will say with the AI rabbit hole I've been going down, I've never been more bullish on Oster.
Once you start trying to use these closed walled gardens, like the proprietary stuff with your bots, you just realize how much the open protocols, first of all, reduce friction, but they're just so much more powerful.
Well, speaking on the walled gardens, Google just released workspace CLI, one command line tool for Drive, Gmail, Calendar, Sheets, Docs, Chat, Admin, and more dynamically built for Google Discovery services includes AI agent skills.
And I think this is directly integrated to Windows.
Is that correct?
What are you talking about?
It's a CLI interface.
it's a command line interface for agents to use yeah i thought it was coming out of the box i
haven't thinking of something else then no the whole point is the walled gardens are difficult
to use with the bots but they are also these companies are incentivized to become more bot
friendly while historically they've been the exact opposite they've like you know the captchas right
they're like trying to keep bots out um but and and make it human only so this is a perfect example
of one of the most valuable companies in the world
releasing a product that is specifically geared.
They say it's for humans or agents.
Technically, humans can use.
Obviously, humans have used the command line for years.
But this is specifically so that your bot
can interact with the Google ecosystem
in a relatively straightforward way.
Now, it's obviously still a walled garden.
They can ban your account.
They can throttle you.
They can do all this other stuff.
It's still going to have a ton more friction
than if you're using open systems.
but I think this is a trend people should be paying attention to whether it's APIs
or CLIs there's going to be a lot more focus by major companies to offer
agentic focused tooling tooling that is meant specifically for bots to interact with their
systems yeah really cool to see which is why I highlighted it I mean by the way like
I think people missed the point.
The cool part about OpenClaw and all the derivatives of OpenClaw,
and I think I have it in the list,
OpenClaw is one of the fastest growing open source projects of all time.
They officially have more GitHub star activity,
so people following the project than React itself, which is crazy.
And it's one of the fastest growing projects ever.
But part of the reason is because it's extremely lightweight to run locally.
Like you can, maybe not well,
but you can technically run it on a Raspberry Pi.
You can run it on an old computer.
You can run it on pretty much any hardware
you can run this thing on.
And the derivatives of it are,
there's derivatives of it that are even like leaner
and more efficient that you can run on even better hardware.
But to the closed system aspect,
the main reason people are going out
and paying $600 for a Mac mini
is because they want iMessage support
and they want iCloud support.
And there's no way to get it unless you buy Apple hardware.
That is the reason why people are going out and buying a Mac mini. Otherwise, it's completely overkill because they're not self-hosting models. It's underkill for self-hosting models. It's not powerful enough for self-hosting models.
You have to pay $10,000 for Mac Studio or something if you want to even graze the surface of running the top-tier open-source models. So they're not running those locally. The whole reason is they want iMessage and iCloud integration.
and apple has two paths they could take they could open it up and make it easier for bots to use but
i don't think they will probably now more than ever they're going to keep it closed down so you
have to go and buy their hardware to access it yeah i mean you mentioned open claw but sticking
on this ai agents tip the bitcoin policy institute released a research report earlier this week
that highlighted that AI agents prefer Bitcoin.
Moneyforai.org is the website if you want to go look at this research.
So essentially they tested 36 frontier models
and they tested them out of the box without any preconceived context
or context feeding, basically opened them up raw for the first time
and prompted them about their preferences on digital money.
and according to this research report 48.3%
shows Bitcoin as the preferred monetary instrument 91% shows
digitally native money over fiat
which is basically to be clear that's basically Bitcoin
and stable coins USD. Yeah. Logan if you get on
what AI agents chose
how AI models chose to transact and store value across
9072 scenarios testing ai preferences and different financial salute situations bitcoin
48.3 stable coins 33.2 fiat and bank money 8.9 crypto 4.2 blah blah blah um if you go down and
read the research further they prefer bitcoin as a store of value but i think they did say that
stable coins uh 53.2 percent uh preferred stable coins for everyday payments um interesting research
study happy that they did it had a conversation with matt corallo earlier this morning and asked
him about this he had some interesting wait go up i was muted sorry um i thought this part was
really cool did you see this like the the different models and their different preferences
yeah i mean the top tier models prefer bitcoin too but they like they yeah they literally break
it down between Gemini and Claude and OpenAI's GPT.
And they all have slightly different preferences.
It's kind of fascinating.
Sorry for cutting you off.
I was muted.
I meant to jump in earlier.
No, but Matt highlighted that it was cool to see.
And it definitely is beneficial, but it's not like the agents are actually choosing.
These are large language models that predict the next word and tokens.
And they're trained off of a corpus of information that is fed to them.
And basically he said that there's information about how to spend Bitcoin.
People have been talking about the machine payable web and Bitcoin since 2015.
And so his theory is that there's just so much more agentic focus.
Bitcoin is money content that they're trained on that led to this.
Yeah, there's a couple of different takeaways.
First of all, our shitposting was good for something.
There's a ton of content out there about Bitcoin as money.
and also machines and robots specifically using Bitcoin.
The second piece is Bitcoin is strictly the best way
for these robots to transact,
not only between each other,
but also I've said this in the past,
everyone says agentic payments
as if it's just agent to agent,
but it's also human to agent, agent to agent,
agent to human, human to agent, agent to human.
Like you need to go the full stack
and Bitcoin is perfect for this stuff.
um usd tokens are also quite good at this use case but still worse than bitcoin because they
require permission in a trusted issuer that can freeze your funds at will and they don't have the
interoperability that bitcoin has across all the different protocols like what do you mean like if
you're using usdc on base and usdt no they do kind of i mean there's also i i think there's an
argument in both situations, right? Because for instance, OpenRouter accepts USDC natively.
I know because I've been trying to pay OpenRouter credits with Bitcoin and swapping between Bitcoin
to a USDC shitcoin chain is much more difficult than if you're already on ETH or Solana or
something because you have to use a centralized swap service instead of one of their smart
contract, whatever bullshit. And also I would add that a lot of the issues that the shitcoin
ecosystem has had, which is also similar to Bitcoin, is that all these things are way
convoluted and complicated. But if you just tell your bot, make no mistakes and just do the swap,
it figures it out. It can figure out how to use Uniswap or whatever on its own.
So I would push back a tiny bit on that But anyway my point is Bitcoin is perfect for this use case I think America in general and specifically regulators want to see America be very strong for AI
So I think it's actually a very strong narrative connection to make and is why Bitcoin Policy
Institute is pushing this angle. If you want to see America be strong in the AI race, then you
need to see America be strong on the Bitcoin side. And then the last but not least, I am one
of the founding boarders of Bitcoin Policy Institute. I also make no money from that org as
well. I'm quite good at not making money on a lot of the things I do. But someone commented,
gave me a cheeky comment on Nostra. It was like, they should be focusing on privacy.
They're focusing on many different things at once, including privacy. I'm very proud of the
focus they've had on privacy. And a lot of this stuff you don't see behind the scenes. I mean,
Bitcoin Policy Institute was instrumental in managing the Samurai Legal Defense Fund when
nobody else was willing to do it. Literally nobody else was willing to do it. And they have a very
strong focus on self-custody, using your own node, running your own node, and transacting in a
freedom in private oriented way. And I, and there's a lot of core correlation there, or there's a lot
of complimentary aspects there with agents being able to do the same thing. And if, and we, so if
the U S wants to win the AI race, then we need to win the Bitcoin race as well. It's very, it's very
connected. And I think this is a really fantastic initiative that those guys have done. Yeah. And
Since you brought it up, Samurai Kion, he wrote his latest letter from prison titled The Skinwalker.
That's up on The Rage.
We shared it on our X account on TFTC, too.
Don't forget about Kion.
Still working on a pardon for him.
I think the war in Iran is creating a lot of distractions, but we can't get distracted.
I think we have to keep the drum beat up to get him out of prison.
If you go and read this letter, really good writer, number one.
But two, I think this one humanizes the experience of living in a cage,
being thrown in the cage by a state,
being subjected to that lifestyle, really humanizing.
So go check it out.
Don't forget.
You need a free samurai.
We do.
Many people have already forgotten, but we will get them out.
Yeah.
I see Milky has zapped us 24,242 sats, palindrome boost.
Marty, your snowbird should come Bitcoin jungle and surf with us.
That was my final thought in the newsletter last night.
I want to be a snowbird.
I like escaping the winter for tropical destinations.
Key West was a great reminder of that.
I do need to get to Bitcoin jungle too.
Yeah, I still haven't made it to Bitcoin jungle.
Yeah.
Logan, pull up the links below the official list.
We'll just end it on some macro talk.
I mean, we already talked about the WTI price
and the ongoing ramification of this war in Iran
on oil markets and their associated byproducts,
oil and gas markets,
but uh jim bianco a bitcoin hater but very good uh astute macro analyst i don't know if he's a
bitcoin that might have been unfair i think it's skeptical or at least critical it's probably a
better term gasoline prices up 25 cents in three days um says that gap gas prices end the month
at three dollars and 25 cents this alone now adds 32 bips uh to march headline cpi
Fruit oil is soaring again today.
Went over $80 a barrel.
Looks like Trump just last week during the State of the Union was beating the drum for low gas prices.
The lowest in years, many years.
He saw them under $2 in Wisconsin on his tours.
Might have called the generational bottom there on gas prices if this war persists.
Something to follow on.
And then the other two links.
Especially when you factor in inflation.
It's going to print like crazy.
Yeah.
The other two links relate to the increasing devolution of private credit markets, BlackRock, slash the value of a private loan that it gave to Infinite Commerce Holdings.
It's a funny name.
To zero, just three months after assessing it at 100 cents on the dollar.
the loan which is not worthless marks the second sudden wipeout recently at black rock in the
private credit division highlighting a key fault line in private credit so another one falls we
talked about blue owl in their private credit fund gating um shutting shutting the gates redemptions
there a couple weeks ago and then if you pull up the last link i put in there logan right below that
one this is just a chart of all the private credit funds that are publicly traded uh the
private equity shops that are publicly traded it's not looking good all down between 25 and 61
carlisle down 25 apollo down 39 aries down 42 blackstone down 43 kkr down 44 and these are
I mean KKR, Blackstone, Aries, Apollo
and Carlisle
are
basically viewed as
the gold standard of private equity
blue chip
there we go, that's what I was looking for
so yeah
I don't think this is anything to
to underappreciate
I think this is a canary in the coal mine here
if these private equity funds are down this bad
year to date
or these are drawdowns from highs that looks like they set in July last year?
Look, I think we've been in a silent recession.
I think it only gets worse from here, at least in the short term.
And basically, the only question I have is if they're going to print,
how much they're going to print, and whether assets are pumping during the depression
or if assets are also going down during the depression.
But in either situation, I'm pretty sure we're just witnessing a slow roll, worse, horrible economy, just getting worse and worse, especially for the average person.
Unemployment is going to go up.
Costs are going up.
I mean, just like, what about all those coal miners?
They turned, told to learn to code like three years ago.
It's just a fucking mess out there.
They're getting back to the mines, brother.
Physical labor is where the VIG is now.
We'll end it on a positive note.
Plumbers and electricians, those trade workers, they're in a great spot.
And you're setting me up perfectly for this.
We've talked about it.
There's a war going on, countries run by pedophiles,
taking your tax dollars and giving it to illegal immigrants
that are just fraudulently sending it back to their country to fund terrorism.
looks like we're going to war on behalf of other nations right now
and it feels like you don't have control but you do have control over some things
and that's why we focus on bitcoin if you save your money in bitcoin you control your private
keys you secure it the right way you have control over your wealth and you can affect the life of
yourself as an individual the lives of your family members your nuclear family your extended family
and then beyond that your community and um yesterday i had a situation where i was able
to walk the walk and not just talk the talk and to your point uh we got this new house getting
some electrical work done and just i always do it and this guy was the first one to take me up
we got to put her down you got to put her deposit down on the work today and i said hey if you're
willing to accept bitcoin we'll happily pay you in bitcoin throw it out like i always do i'm not
too pushy with it like you prefer zell whatever tells me i like zell and i was like we have bitcoin
as well as you want that he's like you know what let me go talk to my wife texted us last night he's
like you know what we'll take the debt the deposit in bitcoin and so how can you do your little bit
to help your community make sure you get better money into hands of your local community members
as well what'd you first of all inspiring story i love to hear it um i'm all about that grind
That the way to do it one by one What did you recommend for him to receive the Bitcoin with uh we actually haven had the call yet we gonna hop on a call tonight and he got questions about it so
i'm gonna i mean i think uh the purists will get mad at me about this but i mean i think you should
onboard him to strike or at least uh whatever your personal alternative is mine would be a strike
i mean all these people that normally accept venmo or zell or whatever
Strike is like a perfect drop-in replacement.
It's very comfortable for them.
It allows them to easily move to their bank account
so that it feels more real to them in a lot of ways.
And it's less likely that they'll mess it up,
forget about it or whatnot.
It also means that if they want to start buying in the future,
they can set up an auto stack.
Then you can help them with self-custody
if the time comes or whatever.
but in my experience
with like nannies
and stuff like that
I always
I just
I tried to go
like
the cypherpunk route
multiple times
and it's just
it's way
way better
to just onboard them
to strike
and just go that route
you'll be happy to know
that that was
the number one choice
for me
I'm going to say hey
if you want to run
through the business
set up a business account
with strike
you work through your personal
exactly
i'll send it there and then if you want to secure it properly i can teach you how to do that down
but dude it's crazy how much of the informal economy runs through venmo
it's absolutely wild so many people their main source of income is venmo
um and like i said strike is just like a perfect drop-in replacement they're comfortable with it
already. This week, somebody said to me, please don't pay me in Bitcoin. So I bed
mode them with the message garbage fiat. Why did they say no?
I was some joke. I've been called the Bitcoin guy in my dance group recently.
All that so oh, you've got dancing tonight. What's going on tonight, Logan?
The same.
It's like a South guy.
So what would you like splitting dinner or whatever? They're like, please no, sir.
No more Bitcoin.
No, it's like for a class thing.
It would have just been like $5.
Do you guys have any flash mobs coming up?
There was just the one.
Just that one?
I want to see a Logan flash mob one day.
Logan's a swing dancer for all those who are unaware.
Very good.
Very competent.
The other nice thing about onboarding them to strike, by the way,
is even if you're not a strike user,
it's really easy to pay them.
If you're a strike user,
obviously it's the typical pay username on strike
and that's like a Venmo-like experience.
But like for instance,
like if you go to strike.me slash Odell,
it's just my payment page
and it's just a normal lightning invoice.
So even if you're not a strike user yourself,
if you onboard them to strike,
you can just go to like strike.me slash Joe,
the electrician and you can just pay them on demand whenever you need to.
Maybe a little bit less in your case because it's kind of like a one-time job thing.
But with like nannies, for instance, it's like a perfect example where you're like constantly
paying them or gardeners or not.
I see Mr. Dinkles144 saying, are we vehemently against Cash App?
No, no.
Cash App's great too.
Specifically, they already have Cash App.
Then it's super easy.
But I will say Cash App has worse limits.
If you're in New York, they don't support Lightning.
They don't have the payment page, so you can pay externally.
And they do require additional KYC to withdraw the Bitcoin that they might not have already done.
So they can get into a situation where, OK, they've been stacking.
They're ready to withdraw.
The limits are too burdensome.
And they have to do additional KYC that they might not pass at that point when it comes time to withdraw.
so just keep those things in mind cash out defense the limits have gotten better but
they're still way worse though but yeah they're way worse yeah they have gotten better but
still not a parody it's specifically it's like a business it's like you can set up a strike
business pretty trivially we have here mr dinkles you weren't here earlier new york is not a problem
for all apps strike is now available in new york and out for lightning and we'll offer the full
product suite in the next month or so like loans and whatnot but buy sell is live and lightning is
live yeah in new york all right this is a good one i think i think we solved all the world's
problems yeah i think we're gonna know but the little ones we're gonna give peace in the middle
east after this episode try and focus on what you can control don't get stuck in the doom scrolling
focus on the hope
focus on the progress
focus on the things that are in our
agency to change
yeah
I'm guilty of it
I found myself doom scrolling more than I would like to
this week it's very easy
and I think
it's abundantly clear that we're being
psychologically
manipulated
so
just be aware of that
the centralized platforms are literally designed for it the social platforms they have i mean
i wonder how sophisticated they are i think they're quite sophisticated but i always imagine
like um like a dr evil lair with like sliders and stuff just like anger rage lower these signals
raise these signals yeah all right we'll be back next week for uh 400 number 400 that was uh our
last episode in the 300 so we just end the show before we get to 400 just all done no i don't
think we should do that rabbit hole 399.9 as long as bitcoin exists there will be an rhr freaks and
if bitcoin somehow doesn't exist there will still be one final rhr the grieving one
we'll all group together
as you admit we were wrong
that's when we transition to a world coin podcast
that's the week that happens
freaks jokes aside now is primo stacking
this is primo stacking opportunity
earn more than you spend
convert your savings into bitcoin
set up that auto stack set up that auto withdrawal
stack real bitcoin to self custody
now is the moment
these last few weeks, these next few weeks, this is the moment. And this is what everyone always
misses. They always say, oh, I could outperform DCA. I could outperform staying home and stacking
sats by just buying lump sum at the exact bottom. Yeah, well, that's when people are most emotional
and you're least likely to fucking do it. And that's the beauty of just staying home and stacking
sats, just auto stacking, whether you do it yourself by auto stacking, or you just set it
and forget the auto stack.
That's the cheat code.
The cheat code is you take the emotion out of it.
Bitcoin is the best money that there's ever been.
Stack real Bitcoin.
Secure it to self-custody, please.
Guys, they're going to have to print a fuck ton of money
with everything going on right now.
A few weeks, a few months is a good time to be stacking.
Not financial advice, but life advice.
This is life advice, okay?
Well, I mean, we don't have, like, it's, Bitcoin is a commodity, not a security.
So this is financial advice.
And I'm legally allowed to say that.
This is the best financial advice you'll ever hear.
And hey, I've had freaks tell me that.
I still have freaks emailing me, I'm sure you do too, DMing you.
Like, I'm happy I found TFTC and RHR when I did.
It made me a rich man now.
I feel financially secure.
So if you started listening in episode one, you're feeling right.
If you started listening today, episode 399, by the time we get to episode 698, you will feel the same way that the person listening in episode one did.
You win 798.
Yeah, you're right.
798.
That was some Marty.
We also can't do math live on air.
Just keep that in mind.
Even 698.
I think we'll be feeling comfortable there, too.
Honestly, you'll probably be feeling good at like episode 480.
But yes.
Just stick with it.
The grind is real.
Life is short, but the grind is long.
Love you all.
Stay humble, Stack Sets.
Peace, love freaks.