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

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

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

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I believe at least once every episode or two.

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

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

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

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

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

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

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

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

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

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

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

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

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

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I drink multiple packets of it a day

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You gotta stay hydrated

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That's why my face looks so good

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That's why I'm getting buff

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I'm able to get to the gym more

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Because I'm hydrated

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Matt, he's looking incredible

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I'm sure you've all noticed it

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You wanna know why?

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Salt of the earth, baby

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Go to drinkssauté.com

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Use the code RHR

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You're gonna get 15% off

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I'm dead serious

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It hasn't made my life way better

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

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

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She drinks like seven a day

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I drink a few a day

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

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

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Use the code RHR for 15% off any order.

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

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

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So it's all acting like safe haven.

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

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

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

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

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You probably should be.

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Woo doggie.

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Hair of the dog episode.

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The day after Thanksgiving.

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Black Friday.

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Some people like to call it.

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Oh, I like this title.

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Happy Thanksgiving.

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Did I do good?

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It was a very creative one.

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Yeah.

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What do we got here?

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Dead Cat Bounce?

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Dead Cat Bounce?

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We were celebrating the bear market last week.

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A lot of people did not appreciate it.

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it's either a dead cat bounce or hyper bitcoinization

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either or either we either we either go up or down from here but either way stay almost tax

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outs yeah all right we got a tight list how was your thanksgiving did you have a good thanksgiving

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it was a great thanksgiving

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boys and I

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we woke up

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we went on an adventure

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walked around the neighborhood

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we found a large branch

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at the playground

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that I

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it was demanded that I carry it home

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so we carried it home back to our house

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and we worked on it

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for about four hours

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so we had a lot of

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a lot of distraction

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in the early part of the day

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which is what you hope for

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on Thanksgiving. A lot of fascination. It's crazy

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what young boys will get fascinated over.

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So we're hitting a baseball bat. At one point, we were going to go buy an axe

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and cut it up into pieces and bring firewood to the host

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of our Thanksgiving dinner. And then, yeah, the dinner was great.

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It was a good time.

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That's such a boy thing. They demanded that you bring back the branch.

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it was like um it was a massive one too it was probably it's probably like 10 feet long

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i can envision it did they call it a tree or did they did they acknowledge that it was a branch

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they acknowledge it was a branch i you brought up an axe did you see that uh

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it went viral this week did you see that tractor supply is selling a 50 spear

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i did see that i i really want that spear are we going to start i don't know what i need it for i

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I don't really need a spear, but.

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We're going to start a legion.

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We're bringing it back to Roman legion days.

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Fucking hilarious.

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I love Thanksgiving.

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I did a lot to be grateful for this year.

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Truly blessed.

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It's good to be with family, good to eat good food.

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We didn't do turkey this year.

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We did smoked meat, braised beef.

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tried we smoked tri-tip and ham and then did some braised beef which i found so josh i posted

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that on nostr and josh uh beefsteak josh got very triggered said you have to do turkey

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sorry josh tradition we did a turkey we did a turkey was in bed by 11

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it was a good day great day thankful for a lot of things

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You see the J.D. Vance

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The J.D. Vance turkey quote

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No what'd he say

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I don't want to butcher it

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Let me read it specifically

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J.D. Vance turkey

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Here it is

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On the clip if you want

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Turkey

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Oh, yeah, you want to play the clip?

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Let's pull up the clip.

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Play the clip.

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Instead of me doing my J.D. Vance impression.

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One of the things that I love about Thanksgiving, it's probably my favorite American holiday.

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If you think about all the holidays that we celebrate, Thanksgiving is the most uniquely American holiday.

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You know, Christmas, of course, the birth of Jesus, all of these other holidays, they're very important.

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And I love Christmas as much as anybody.

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I've got three little kids, but Christmas is a holiday that 1.8 billion Christians eat

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about Turkey.

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That's why, for example, we have Turkey.

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Think about Turkey.

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Who really likes, be honest with yourselves, who really likes Turkey?

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You're all full of s**t, everybody who raised your hand.

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I know.

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Think about it.

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And here's how I know.

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Wait, keep playing.

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Keep playing.

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I know that every single one of you who raised your hand is lying to me.

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How many times do you roast an 18-pound turkey just randomly?

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Just, you know, a nice summer afternoon, we're going to go get an 18-pound turkey.

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Nobody does it because turkey doesn't actually taste that good.

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But on Thanksgiving, on the most American holiday, I got a fan over here.

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on the most American holiday, we're going to cook a turkey by God because that's what Americans do.

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We cook this gigantic American bird and we do all kinds of crazy things to make it taste good.

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I talked to a soldier today who she said she's going to deep fry a turkey. And I'm actually

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going to deep fry a turkey myself tomorrow. And look, here's the thing. If you've got to deep fry

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something to make it taste good, it probably isn't that good. That's a pretty good rule of

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home when it comes to food. Chicken is good

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all the time. Chicken is good when

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you deep fry it, but it's also good outside of it.

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Epic.

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We do. We do a turkey

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roast once a summer.

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We have a turkey dinner in the middle of the summer.

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There you go.

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Sleeper. Sleeper.

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Cut of meat

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at Terry Black's

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in Austin, Texas.

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It's a smoked turkey.

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Put it in their tangy.

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they're tangy like yellow oranges orange-ish barbecue sauce it's incredible yeah i mean i

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think you can definitely do turkey right um we just changed it up this year we had a small

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thanksgiving and we changed it up this year but anyway i love that rant it's a good i want to i

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want to give a good speech i want to give a shout out to my brother-in-law's father who i think is a

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a low-key freak listens to the podcast.

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If you're listening now, dinner was great last night.

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It was great talking to you.

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Who is this?

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My brother-in-law's father.

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Your brother-in-law's father?

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Yeah, he was at dinner last night.

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So he's like your father-in-law once removed?

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I guess.

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I don't think that's a thing, but I mean, it could be.

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My wife's sister's husband.

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and his grandkids are my kids' cousins.

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There's your father-in-law once removed.

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Yeah.

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Shout out to you.

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It's clean.

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Yeah, it's a great time of year.

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Had a good Wednesday before Thanksgiving.

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Some of you freaks may know,

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I have a tradition with my brother

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where we go and get clothes shaves.

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Did it in Center City this year.

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That was a good rip.

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We did a little sauna cold plunge before.

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Hit a bar after.

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Had some beverages in my dad's honor.

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It was a great time.

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Did you see what Logan posted in the Nostra live chat?

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We pulled it up.

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Everyone should reset their political opinions and recalculate them based on Vance's turkey comments.

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Logan, do you agree with them or are you big turkey?

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You can just speak, Logan.

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Turkey's okay.

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Yeah, it's not like the best, but I'm not going to run with JD's line of thinking that it's terrible.

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I was a big turkey sandwich guy growing up.

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There's nothing better than a high-quality turkey club sandwich.

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Yeah, and leftovers.

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Leftovers are legit.

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Yeah.

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Logan, Queen may be your biggest fan of all time.

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I just want to say that.

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Seems so.

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She loves you.

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Hi, Queen.

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In both chats. She hops between

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YouTube and Nostra.

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Speaking of Nostra, we've got

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some pretty big boost already. Soap

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Miner, 21,000 sats. Hello, freaks.

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Hope everyone had a great Thanksgiving.

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Then

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Confernius,

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77,777

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sats. Sevens across the board.

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Poundrome. Zap. Great post.

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Thumbs up.

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Went with the generic

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preset

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comment there. Thank you.

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No, I mean, with a huge zap.

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Thank you, sir.

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It means a lot.

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Absolutely love to see it.

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As always, you can join the Nostra live chat

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00:12:54,480 --> 00:12:56,060
where the ride or die freaks dwell.

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In your favorite Nostra app, I really like Primal.

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00:13:00,480 --> 00:13:02,120
You can download Primal in your favorite app store.

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00:13:02,720 --> 00:13:04,740
On desktop, you can go to zap.stream

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00:13:04,740 --> 00:13:07,860
and various other Nostra apps support it.

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Love getting the support and the Bitcoin zaps.

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It's pretty fucking cool.

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fernius is saying send it too quickly love you guys love you too brother

247
00:13:21,480 --> 00:13:33,020
um oh someone asked on uh nostor last week uh for the context and the origin story of

248
00:13:33,020 --> 00:13:40,660
palindrome boosts and marty just responded back i just like palindromes i do they're fascinating

249
00:13:40,660 --> 00:14:00,614
it that simple there nothing really uh nothing really much to it it gave me massive i like turtles vibes by the way i just like palindromes Nothing not much to it Soap miner I used your soap about an hour and 40 minutes ago

250
00:14:01,114 --> 00:14:03,274
Went to the gym to get a post Thanksgiving sweat.

251
00:14:04,354 --> 00:14:04,834
Lemongrass.

252
00:14:05,234 --> 00:14:06,934
I'm onto a bar of lemongrass right now.

253
00:14:07,134 --> 00:14:07,634
It's a great bar.

254
00:14:08,754 --> 00:14:09,274
It's a great bar.

255
00:14:11,794 --> 00:14:12,614
Just say that.

256
00:14:13,234 --> 00:14:14,734
Yeah, I also used your soap today.

257
00:14:17,254 --> 00:14:18,414
I don't know which one I'm on.

258
00:14:18,574 --> 00:14:19,594
Maybe I'm using tea tree.

259
00:14:20,354 --> 00:14:20,954
Tea tree.

260
00:14:21,154 --> 00:14:22,314
I haven't tried tea tree yet.

261
00:14:23,754 --> 00:14:24,234
I don't know.

262
00:14:24,254 --> 00:14:24,714
My son,

263
00:14:25,154 --> 00:14:29,654
my oldest is like at the age where he's just like a soap bar destroyer.

264
00:14:30,154 --> 00:14:32,774
Just hangs out in the shower and destroys bars of soap.

265
00:14:33,114 --> 00:14:33,974
Just lets it soak.

266
00:14:35,114 --> 00:14:36,294
Let's the soap soak.

267
00:14:38,834 --> 00:14:40,514
And like throws it on the ground,

268
00:14:41,794 --> 00:14:43,394
slams it against the wall of the shower.

269
00:14:44,074 --> 00:14:44,554
That's it.

270
00:14:47,254 --> 00:14:49,434
No, we just let him hang out in the shower.

271
00:14:49,454 --> 00:14:52,234
He'll just hang in the shower for like 25 minutes and destroy soap.

272
00:14:53,014 --> 00:14:53,614
That's the way to do it.

273
00:14:54,694 --> 00:14:57,614
All right, we're going to Clark's dashboard because we've got a great price right now.

274
00:14:57,814 --> 00:14:59,854
$91,000 on the dot.

275
00:15:00,834 --> 00:15:03,794
We're up 7% from where we were last week when we met.

276
00:15:05,294 --> 00:15:09,034
One cuck buck is going to get you 1,098 sats.

277
00:15:09,714 --> 00:15:10,654
Marty's the bottom end?

278
00:15:12,214 --> 00:15:14,594
We'll see. We'll see. We shall see.

279
00:15:14,594 --> 00:15:18,814
I mean, the bottom in 2015 was like $180.

280
00:15:19,334 --> 00:15:21,274
That was pretty low.

281
00:15:22,574 --> 00:15:23,994
It's just an ongoing super cycle.

282
00:15:25,094 --> 00:15:25,594
That was brutal.

283
00:15:26,074 --> 00:15:32,794
Yeah, it's just one forever super cycle, I guess, depending on your definition.

284
00:15:33,874 --> 00:15:36,134
We're at a $1.82 trillion market cap.

285
00:15:36,194 --> 00:15:41,594
We are still 27.8% below the previous all-time high of $126,160.

286
00:15:42,594 --> 00:15:44,434
We're at block height.

287
00:15:44,594 --> 00:15:49,454
925,593.

288
00:15:50,994 --> 00:15:53,194
Just want to say, felt proud of myself.

289
00:15:53,714 --> 00:15:54,994
I was sitting at my desk earlier today.

290
00:15:54,994 --> 00:16:00,714
I saw block 925,000, more numerology on my block clock mini,

291
00:16:01,574 --> 00:16:03,734
or my micro, excuse me, right here.

292
00:16:04,474 --> 00:16:05,434
Got a good picture of it.

293
00:16:05,954 --> 00:16:09,214
I was here to witness block 925,000.

294
00:16:09,354 --> 00:16:10,514
The mini is the bigger one.

295
00:16:10,614 --> 00:16:12,294
The micro is the tiny one.

296
00:16:12,714 --> 00:16:13,734
Yeah, micro is like.

297
00:16:13,734 --> 00:16:20,694
And then the original one is not for sale anymore and use the like old school train clicker clacker numbers.

298
00:16:21,074 --> 00:16:21,514
Yeah.

299
00:16:22,094 --> 00:16:24,934
And when that was for sale, that was one Bitcoin.

300
00:16:26,014 --> 00:16:28,854
So like a month ago, that was $120,000 clock.

301
00:16:28,914 --> 00:16:30,974
And now it's a $90,000 clock.

302
00:16:31,374 --> 00:16:32,334
Still a good clock.

303
00:16:32,454 --> 00:16:33,054
Still a good clock.

304
00:16:33,114 --> 00:16:34,254
Worth every set.

305
00:16:35,294 --> 00:16:36,874
Oh, no, not the OG one.

306
00:16:36,974 --> 00:16:38,934
I'm fucking talking about being thankful.

307
00:16:39,014 --> 00:16:40,554
I'm thankful I didn't buy the OG clock.

308
00:16:43,734 --> 00:16:49,034
I mean, we're going to talk about it later, but the CoinKite Black Friday sale is still going on.

309
00:16:49,114 --> 00:16:50,054
I mean, you already brought it up.

310
00:16:50,234 --> 00:16:53,194
It's 25% off on CoinKite.com right now.

311
00:16:55,334 --> 00:17:02,374
So if you've been itching for a cold card, itching for a block clock, I think the block clock is $50 off.

312
00:17:06,274 --> 00:17:07,194
Now's a great time.

313
00:17:07,934 --> 00:17:11,354
It's always a good time to buy a cold card, but now's an even better time.

314
00:17:13,734 --> 00:17:17,874
and if you're looking for a guide by the way um

315
00:17:17,874 --> 00:17:23,834
the cool part about cold cards are they're very power user friendly you can use them in a million

316
00:17:23,834 --> 00:17:27,974
different ways but i think people tend to get overwhelmed with them but you can also use them

317
00:17:27,974 --> 00:17:35,134
incredibly simple way with your phone um so i changed my guide my main cold card guide now

318
00:17:35,134 --> 00:17:40,034
focuses on using it on your phone with uh the bull bitcoin wallet you don't need to have a

319
00:17:40,034 --> 00:17:47,534
bitcoin account it's an open source self-custody wallet um so if you just go to uh we run btc.com

320
00:17:47,534 --> 00:17:53,474
slash cold card um that's where my guide is it's really really easy use a cold card queue with your

321
00:17:53,474 --> 00:17:59,814
phone qr codes you have the ability to broadcast the transaction via nfc just tapping your phone

322
00:17:59,814 --> 00:18:08,334
if you want really great ux and really strong security guarantees yeah here's my proof of uh

323
00:18:08,334 --> 00:18:14,174
of block catch caught it looks great on the desk it's right here you want random yeah i have one

324
00:18:14,174 --> 00:18:19,934
network i have one right underneath my monitor so i see it whenever i'm working or i'm on air

325
00:18:20,814 --> 00:18:26,734
and uh unlike you i don't do like a million different metrics it's just a bitcoin price

326
00:18:27,774 --> 00:18:33,534
the most important metric you're not utilizing it you know i can see sats per dollar right now 10.99

327
00:18:33,534 --> 00:18:37,294
every five minutes every five minutes i get the bitcoin price it's the only metric you need to

328
00:18:37,294 --> 00:18:42,534
to know you can also ignore the news if we fall ten thousand dollars you can check the news maybe

329
00:18:42,534 --> 00:18:49,654
we bombed her on you know if we go up ten thousand dollars like maybe like we printed money or

330
00:18:49,654 --> 00:18:54,734
something it's just a good temperature gauge of the world at large yeah

331
00:18:54,734 --> 00:19:04,834
we'll get into it because price is recovering right now silver's screaming right now too but

332
00:19:04,834 --> 00:19:07,834
we have more stats to get to.

333
00:19:07,974 --> 00:19:08,854
Do you own any silver?

334
00:19:09,714 --> 00:19:10,054
No.

335
00:19:10,694 --> 00:19:14,194
I have some made X pieces that are silver.

336
00:19:15,154 --> 00:19:15,734
Oh, yeah, sure.

337
00:19:16,694 --> 00:19:17,314
That's about it.

338
00:19:19,374 --> 00:19:20,594
I'm allergic to silver.

339
00:19:21,794 --> 00:19:22,194
Wow.

340
00:19:23,054 --> 00:19:23,534
As well.

341
00:19:24,414 --> 00:19:24,994
I can't wear it.

342
00:19:25,034 --> 00:19:25,954
Is that a common thing?

343
00:19:26,594 --> 00:19:27,874
Gives you like a rash or something?

344
00:19:28,174 --> 00:19:29,554
Actually, no, I'm allergic to nickel.

345
00:19:29,754 --> 00:19:32,354
So if it's actually like fake silver, it's got some nickel in it.

346
00:19:32,474 --> 00:19:33,594
Yeah, that happens to a lot of people.

347
00:19:33,594 --> 00:19:35,194
like you get fake gold pieces or something.

348
00:19:35,834 --> 00:19:37,754
I see sui generis

349
00:19:37,754 --> 00:19:39,574
John zapped us

350
00:19:39,574 --> 00:19:40,634
80,000

351
00:19:40,634 --> 00:19:43,254
and 85 sats, thupa

352
00:19:43,254 --> 00:19:44,154
thigol.

353
00:19:45,014 --> 00:19:46,234
Sui generis.

354
00:19:47,354 --> 00:19:49,534
What does his message mean?

355
00:19:49,674 --> 00:19:50,414
Who benefits?

356
00:19:51,694 --> 00:19:53,534
No, that's qui bono. Sui generis is

357
00:19:53,534 --> 00:19:55,594
a...

358
00:19:56,954 --> 00:19:57,594
But what is

359
00:19:57,594 --> 00:19:58,254
his message mean?

360
00:19:58,254 --> 00:20:01,774
Why would I take a dead

361
00:20:01,774 --> 00:20:02,874
language in high school?

362
00:20:03,594 --> 00:20:09,774
because it's the the basis in a class by itself that's what it means

363
00:20:09,774 --> 00:20:17,554
what but what does thupa thicol mean thupa thicol where's that that's his message

364
00:20:17,554 --> 00:20:29,634
uh i don't know but 80 000 sats thank you sir huge boost huge zap boobs boost dude 80 085

365
00:20:29,634 --> 00:20:33,814
We love our boobs boost here.

366
00:20:34,894 --> 00:20:37,194
Harlan, long time listener, first time live.

367
00:20:37,314 --> 00:20:38,874
Thank you guys for keeping it real every week.

368
00:20:38,954 --> 00:20:41,554
Thank you for joining us live and for the zap, Harlan.

369
00:20:46,994 --> 00:20:48,514
Please keep saying it.

370
00:20:49,234 --> 00:20:50,194
I'm not going to keep saying it.

371
00:20:50,994 --> 00:20:51,514
Tupa Thigle.

372
00:20:51,694 --> 00:20:52,174
Tupa Thigle.

373
00:20:52,754 --> 00:20:53,714
What does that mean?

374
00:20:54,094 --> 00:20:56,234
I feel like it's a phonetic.

375
00:20:56,974 --> 00:20:58,334
He's trying to get us to say something.

376
00:20:58,854 --> 00:20:59,074
Yeah.

377
00:20:59,074 --> 00:21:00,734
What are we saying? I have no idea.

378
00:21:03,514 --> 00:21:05,194
Say it over and over again fast.

379
00:21:05,534 --> 00:21:05,974
Thupacycle.

380
00:21:07,134 --> 00:21:08,054
Oh, Thupacycle.

381
00:21:08,774 --> 00:21:09,294
There we go.

382
00:21:09,294 --> 00:21:11,434
Are you saying I have a lisp or something like that?

383
00:21:11,714 --> 00:21:12,194
Thupacycle.

384
00:21:13,554 --> 00:21:15,294
John Arnold zapped us 100 sats.

385
00:21:15,454 --> 00:21:16,634
Cattle bike is still in play.

386
00:21:18,614 --> 00:21:19,094
Thupacycle.

387
00:21:22,794 --> 00:21:25,214
Highest signal show in Bitcoin.

388
00:21:25,694 --> 00:21:27,594
Thank you, Freaks, for joining us week in and week out.

389
00:21:27,594 --> 00:21:33,514
with that let's get you back to some signal we are 1 766 blocks away from the next difficulty

390
00:21:33,514 --> 00:21:38,734
adjustment which means we had one between last week's episode and this week's episode that was

391
00:21:38,734 --> 00:21:45,714
a negative 2 difficulty adjustment right now early in this difficulty epoch it's looking like

392
00:21:45,714 --> 00:21:52,474
the next adjustment will be on december 11th 2025 it's looking like a negative 0.5

393
00:21:52,474 --> 00:21:58,934
percent difficulty adjustment there are 2,159 transactions in clark's mempool

394
00:21:58,934 --> 00:22:06,554
we go over to mempool.space we'll see that there are loading loading loading very slow today

395
00:22:06,554 --> 00:22:13,154
50,023 transactions and snotty bed it's coming back

396
00:22:13,154 --> 00:22:21,854
i'm got a bit of a cold here freaks bear with me um those are the stats of the day

397
00:22:22,474 --> 00:22:29,054
oh god pick it up that those are the stats of the day

398
00:22:29,054 --> 00:22:37,634
marty's sneezing and handling himself you pick it up monologue um i'm supposed to pick it up

399
00:22:37,634 --> 00:22:42,454
uh i think the biggest the biggest news of the week was the rumble wallet launch

400
00:22:42,454 --> 00:22:49,874
um i guess i could have oh whatever i'll just jump right into it oh i guess before i jump right

401
00:22:49,874 --> 00:22:58,174
into it i'm wearing my silk road anonymous market hoodie uh on this thanksgiving i think it's

402
00:22:58,174 --> 00:23:04,814
important to realize that uh this was the first thanksgiving that uh ross was able to spend with

403
00:23:04,814 --> 00:23:12,094
his family absolutely wonderful to see it um but yes uh your dog need a diaper

404
00:23:12,094 --> 00:23:19,134
found there's one on the on the floor of my office i'll send her over um the biggest the

405
00:23:19,134 --> 00:23:24,254
biggest news of the week was the rumble wallet launch in my opinion so i i let us off with it

406
00:23:24,254 --> 00:23:34,014
did you see this i did see it are we are we on rumble we are and not live right no but

407
00:23:34,014 --> 00:23:40,374
posted after the fact but there's a hack for rumble they like live shows that's what gets the

408
00:23:40,374 --> 00:23:47,234
most so why don't we stream their live we got to figure out the the they're working on it they just

409
00:23:47,234 --> 00:23:54,194
got a big investment from uh tether obviously earlier this year the ux and rumbles back end

410
00:23:54,194 --> 00:24:00,414
is not incredible but we're gonna go live there um but even if we don't go live you can premiere

411
00:24:00,414 --> 00:24:05,434
the episode and make it seem like it's live which is what we need to do that we need to start doing

412
00:24:05,434 --> 00:24:11,814
it logan we talked about this for both but it's on the tfdc account button for that is it's not on

413
00:24:11,814 --> 00:24:17,594
the upload page the rumble people we we got in contact with their team we we have their email

414
00:24:17,594 --> 00:24:24,554
now figure it out but is it is it in one omnibus tftc account like we do with youtube yeah okay so

415
00:24:24,554 --> 00:24:29,334
if the rumble freaks are are zapping tether over there you gotta send me my cut

416
00:24:29,334 --> 00:24:39,814
wogan keep track of that um anyway they added a wallet they added a self-custody wallet to rumble

417
00:24:39,814 --> 00:24:47,814
uh as marty said they own just under tether owns just under 50 of the company that happened earlier

418
00:24:47,814 --> 00:24:52,854
this year um we've talked about in the past i think we talked about maybe last week or the week

419
00:24:52,854 --> 00:25:00,574
before um that it seems like a bunch of palos tech dreams are all kind of coming together in rumble

420
00:25:00,574 --> 00:25:06,174
and that's kind of their one of their mainstream tech plays in terms of ai and content and whatnot

421
00:25:06,174 --> 00:25:12,794
But they also use the Tether's wallet development kit, which is open source development kit, to do the self-custody wallet.

422
00:25:13,014 --> 00:25:18,654
It supports regular dollar USD tokens, so regular Tether.

423
00:25:19,274 --> 00:25:22,294
It supports Tether Gold, so you can zap gold.

424
00:25:23,134 --> 00:25:25,454
And it supports right now on-chain Bitcoin.

425
00:25:26,514 --> 00:25:29,754
Supposedly, they're going to release Lightning as well.

426
00:25:29,874 --> 00:25:32,414
It's important for them that they want to do it self-custody.

427
00:25:32,414 --> 00:25:36,974
It seems like they're going to use Spark as the back end light sparks.

428
00:25:39,694 --> 00:25:41,134
Basically lightning SDK.

429
00:25:44,854 --> 00:25:47,654
Did, did NVK zap us? How much did he zap us?

430
00:25:49,714 --> 00:25:52,814
He zapped us 21,000 sats. So I have to read it.

431
00:25:54,074 --> 00:25:55,814
NVK zapped us 21,000 sats.

432
00:25:55,974 --> 00:25:58,354
I was trying to use cold cards, push TX feature.

433
00:25:58,674 --> 00:26:00,054
So do you know the push TX feature?

434
00:26:02,414 --> 00:26:07,914
So the Push TX feature is new, right? So you set up your transaction on Sparrow.

435
00:26:08,154 --> 00:26:10,694
Yeah, you broadcast via Mempool, right?

436
00:26:11,114 --> 00:26:15,514
Yeah, so you scan the QR code with your cold card, then you sign it.

437
00:26:15,794 --> 00:26:21,454
And then when it comes time to broadcast, the standard QR method is then you scan the QR code.

438
00:26:21,814 --> 00:26:26,794
You scan your cold card with the webcam on your laptop, but a lot of laptops have bad webcams.

439
00:26:27,154 --> 00:26:31,674
So they added the Push TX feature where all you have to do is tap the cold card queue to your phone

440
00:26:31,674 --> 00:26:34,954
and then it broadcasted it through coldcard.com or mempool.space.

441
00:26:36,434 --> 00:26:39,894
And so NVK is obsessed with this feature and he asked me to test it

442
00:26:39,894 --> 00:26:41,834
and I was trying to test it and I couldn't get it to work.

443
00:26:42,934 --> 00:26:47,634
Turns out you can't have airplane mode on if you want to use this feature.

444
00:26:47,974 --> 00:26:48,934
I know it seems obvious.

445
00:26:49,094 --> 00:26:51,334
I know it seems obvious, but 99% of the time,

446
00:26:51,394 --> 00:26:53,154
I'm just running airplane mode and Wi-Fi.

447
00:26:53,674 --> 00:26:55,334
So it did not seem obvious to me.

448
00:26:56,094 --> 00:26:58,934
But if you have airplane mode on, Push TX does not work.

449
00:26:59,434 --> 00:27:00,514
Why does that turn off NFC?

450
00:27:00,514 --> 00:27:03,354
I believe now they're going to put a warning in the UX.

451
00:27:03,914 --> 00:27:07,874
There's other dullards like me who can't figure out why Push TX doesn't work.

452
00:27:08,894 --> 00:27:11,174
Is that because this airplane mode turned off NFC?

453
00:27:11,694 --> 00:27:12,874
I guess so, yeah.

454
00:27:14,294 --> 00:27:15,894
Speaking of all, we're – you know what?

455
00:27:15,954 --> 00:27:16,374
Coin cut.

456
00:27:16,674 --> 00:27:17,514
I'm going to give you your props.

457
00:27:17,594 --> 00:27:19,474
I went to a wedding last Friday.

458
00:27:19,714 --> 00:27:21,714
As you guys know, we recorded last Friday.

459
00:27:21,794 --> 00:27:22,474
I had some champagne.

460
00:27:22,634 --> 00:27:23,574
I was prepping for a wedding.

461
00:27:24,634 --> 00:27:29,714
Gave a SATS card as a gift and received a very thankful text

462
00:27:29,714 --> 00:27:35,454
on monday morning saying it's the coolest gift that the couple got love it i like the open times

463
00:27:35,454 --> 00:27:55,028
better just like they cypherpunk they are cypherpunks they like they just look cool you have to give a usb dongle when you give it to them now because no one has a USB port I see Florida Justin ride Freak Zapped is 22 SATs Palindrome Zapped

464
00:27:55,268 --> 00:27:57,068
Thankful for the weekly signal and the Freaks.

465
00:27:57,788 --> 00:27:58,408
Thank you, sir.

466
00:28:01,688 --> 00:28:02,848
Open Dime Fallout.

467
00:28:03,928 --> 00:28:06,728
I have so many Open Dimes from previous Black Fridays.

468
00:28:07,768 --> 00:28:08,328
I love these two.

469
00:28:09,508 --> 00:28:12,328
I feel like the normies are afraid of like, you have to break.

470
00:28:12,408 --> 00:28:12,868
That's good.

471
00:28:13,008 --> 00:28:14,048
They should be intimidated.

472
00:28:14,568 --> 00:28:16,148
They should get a little intimidation.

473
00:28:16,288 --> 00:28:18,288
You know, that should feel, it feels nice.

474
00:28:18,508 --> 00:28:19,268
It's got good weight.

475
00:28:20,108 --> 00:28:20,308
Yeah.

476
00:28:21,248 --> 00:28:25,188
Logan, pull up the tweet back to, I mean, Tether.

477
00:28:26,008 --> 00:28:26,948
We got distracted.

478
00:28:27,108 --> 00:28:28,148
I think this is huge news.

479
00:28:28,768 --> 00:28:29,508
I think it is too.

480
00:28:29,828 --> 00:28:31,948
I mean, Rumble is a big platform, but it's funny.

481
00:28:32,188 --> 00:28:33,488
This is not that tweet.

482
00:28:33,488 --> 00:28:39,248
The other tweet that I put in the link, you had Jason Calacanis out here saying that Paolo,

483
00:28:39,508 --> 00:28:45,448
and tether need to go 100 american and the way to do that is to sell all their bitcoin and buy

484
00:28:45,448 --> 00:28:54,888
us treasuries exclusively i don't see a tweet in the chat where did i put it i don't know

485
00:28:54,888 --> 00:29:04,188
oh i didn't put it i don't no it didn't uh give me a second um but this comes i mean i think this

486
00:29:04,188 --> 00:29:09,008
is newsworthy too this comes i forgot to put this on the list during the same week that uh

487
00:29:09,008 --> 00:29:12,448
S&P downgraded Tether to weak.

488
00:29:13,368 --> 00:29:18,588
I didn't even realize they were getting official S&P ratings.

489
00:29:18,588 --> 00:29:26,588
I mean, it's fucking hilarious because they cited that Tether owns nearly 100,000 Bitcoin as a risk factor,

490
00:29:26,708 --> 00:29:29,188
even though that is completely unrelated to the reserve.

491
00:29:29,348 --> 00:29:31,528
They're fully reserved just on treasuries alone.

492
00:29:31,988 --> 00:29:36,408
Then they own a bag of gold and a bag of Bitcoin.

493
00:29:36,408 --> 00:29:39,168
and I put this later on, but we might as well talk about it.

494
00:29:39,468 --> 00:29:43,768
They became the largest individual independent holder of gold.

495
00:29:45,748 --> 00:29:48,668
So, I mean, this FUD is just fucking exhausting

496
00:29:48,668 --> 00:29:52,708
because basically we have a Ponzi banking system

497
00:29:52,708 --> 00:29:54,608
and everyone's running on fractional reserve

498
00:29:54,608 --> 00:29:57,908
and Tether is running a full reserve bank

499
00:29:57,908 --> 00:30:01,908
that's easier to use than any other bank,

500
00:30:02,108 --> 00:30:04,208
completely full reserve and then some.

501
00:30:04,208 --> 00:30:07,988
They have gold plus Bitcoin in addition to their treasury reserves.

502
00:30:10,208 --> 00:30:17,028
So it just seems like such even more bullshit than it has been in the past in terms of TetherFUD.

503
00:30:18,128 --> 00:30:18,188
Yeah.

504
00:30:18,448 --> 00:30:19,148
They feel threatened.

505
00:30:20,188 --> 00:30:21,748
Well, I thought Paolo's response was awesome.

506
00:30:21,828 --> 00:30:22,368
Did you see it?

507
00:30:23,748 --> 00:30:24,568
Pulled up, Logan.

508
00:30:24,788 --> 00:30:28,988
Paolo said, to S&P regarding your Tether rating, we wear your loathing with pride.

509
00:30:28,988 --> 00:30:34,268
the classical rating models built for legacy financial institutions historically led private

510
00:30:34,268 --> 00:30:38,608
and institutional investors to invest their wealth into companies that despite being attributed

511
00:30:38,608 --> 00:30:43,528
investment grade ratings collapsed pushing worldwide regulators to challenge such models

512
00:30:43,528 --> 00:30:50,448
the independence and objective assessment of all major rating agencies the traditional finance

513
00:30:50,448 --> 00:30:55,008
propaganda machine is growing worried when any company tries to defy the force of gravity of the

514
00:30:55,008 --> 00:30:59,068
broken financial system. No company should dare to decouple itself from it.

515
00:30:59,748 --> 00:31:03,148
Tether instead built the first overcapitalized company in the financial industry

516
00:31:03,148 --> 00:31:07,108
with no toxic reserves, and yet is and remains extremely

517
00:31:07,108 --> 00:31:10,448
profitable. Tether is living proof that traditional financial system

518
00:31:10,448 --> 00:31:14,768
is so broken that it's becoming feared by the emperors with no clothes.

519
00:31:15,968 --> 00:31:18,308
It looks like the 1031

520
00:31:18,308 --> 00:31:23,248
intern saw this too. That's the first response

521
00:31:23,248 --> 00:31:27,848
I mean, we keep having to fire and hire new interns.

522
00:31:28,108 --> 00:31:30,568
It's been a real process over there.

523
00:31:30,768 --> 00:31:32,788
This is a good reply guy from the intern.

524
00:31:33,528 --> 00:31:35,528
It's a good reply guy from the intern.

525
00:31:37,148 --> 00:31:40,348
I mean, we've talked about in the past,

526
00:31:41,288 --> 00:31:45,168
if you have what effectively amounts to a full reserve bank,

527
00:31:46,188 --> 00:31:49,268
like it could cause a bank run on all the Ponzi banks.

528
00:31:49,268 --> 00:31:58,468
Like why would you keep money in a fractional reserve bank when there's a full reserve alternative?

529
00:31:59,528 --> 00:32:05,068
Definitely a full reserve alternative, but incredibly profitable full reserve alternatives.

530
00:32:07,008 --> 00:32:16,588
I mean, I know just to straw man my own argument, the argument will be that the US government will bail out the Ponzi banks when they fail.

531
00:32:16,588 --> 00:32:23,648
they might not bail out tether um but you give it a few years and uh they probably would bail out

532
00:32:23,648 --> 00:32:29,728
tether too they bailed out usdc earlier last year when they bailed out silicon valley banks so

533
00:32:29,728 --> 00:32:35,388
well i wouldn't be surprised if they bailed out tether if they if something went down

534
00:32:35,388 --> 00:32:39,868
well this is a good segue we're just going to hop around the list then because it's a good

535
00:32:39,868 --> 00:32:45,388
segue into the genesis mission launch which is essentially a light signal from the u.s government

536
00:32:45,388 --> 00:32:48,628
that they plan to bail out the AI industry no matter what.

537
00:32:50,548 --> 00:32:51,148
Yeah.

538
00:32:51,528 --> 00:32:53,708
I mean, they compared it to the Manhattan Project

539
00:32:53,708 --> 00:32:55,308
when we built Nukes.

540
00:32:56,348 --> 00:32:59,048
And it came on the heels of NVIDIA

541
00:32:59,048 --> 00:33:01,148
taking an absolute beating

542
00:33:01,148 --> 00:33:04,988
on the news that Google

543
00:33:04,988 --> 00:33:09,048
might be selling their chips to

544
00:33:09,048 --> 00:33:12,148
Meta instead of NVIDIA.

545
00:33:15,388 --> 00:33:29,328
Yeah, I mean, this is classic. When people say they have issues with capitalism, most of the time they don't realize they have issues with crony capitalism because we don't have free markets in this country.

546
00:33:30,648 --> 00:33:41,048
It's all corrupted by regulators and backstops and broken incentives. This is just another example.

547
00:33:41,048 --> 00:33:51,448
yeah i mean this and this comes in conjunction with comments from crypto and ai's are david

548
00:33:51,448 --> 00:33:58,588
sacks um i forget exactly what he said but along the same lines of like hey this is a systemically

549
00:33:58,588 --> 00:34:06,508
important industry we need to make sure that the u.s government is publicly showing its full support

550
00:34:06,508 --> 00:34:13,068
and again implicit acknowledgement that there will be backstops to to make sure that we win

551
00:34:13,068 --> 00:34:18,268
this arms race against china like just uh can we just go back for a second because we sped through

552
00:34:18,268 --> 00:34:25,248
this uh logan can you pull up sam callahan's tweet this is fucking crazy tweet tether bought

553
00:34:25,248 --> 00:34:30,548
more gold last quarter than any other than any central bank how crazy is that

554
00:34:30,548 --> 00:34:35,668
even while gold was pumping and there was this

555
00:34:35,668 --> 00:34:41,268
i mean when gold was pumping all-time highs people were

556
00:34:41,268 --> 00:34:47,508
basically assuming that a bunch of central banks around the world were scrambling to buy more

557
00:34:47,508 --> 00:34:51,508
just to make sure they're not caught offside so i think there definitely was

558
00:34:51,508 --> 00:34:57,788
stuff like that going on at least to a degree so the fact that they were able to out buy everybody

559
00:34:57,788 --> 00:35:01,808
during that particular period is quite impressive.

560
00:35:03,048 --> 00:35:04,668
The crazy thing is also like

561
00:35:04,668 --> 00:35:08,808
the largest central bank purchase last quarter

562
00:35:08,808 --> 00:35:11,848
was Kazakhstan, which is just to the audio freaks.

563
00:35:11,928 --> 00:35:13,248
This is what we're looking at on the chart.

564
00:35:13,348 --> 00:35:13,848
Pretty crazy.

565
00:35:15,508 --> 00:35:16,888
Is that Brazil in third?

566
00:35:17,048 --> 00:35:17,528
I can't see.

567
00:35:17,788 --> 00:35:21,888
Kazakhstan, Brazil, Turkey, Iraq, Guatemala,

568
00:35:23,448 --> 00:35:26,308
Czech Republic, then China.

569
00:35:26,308 --> 00:35:28,468
but China is an asterisk because no one really knows.

570
00:35:31,508 --> 00:35:33,148
Wild times, freaks, wild times.

571
00:35:33,228 --> 00:35:34,588
Like I said, price of silver running.

572
00:35:35,628 --> 00:35:38,348
I've barely been able to dive into that today,

573
00:35:38,448 --> 00:35:42,828
but apparently the CME came out and said it was a data glitch

574
00:35:42,828 --> 00:35:46,068
that sort of exacerbated the situation.

575
00:35:47,308 --> 00:35:52,528
All the precious metal bugs on the internet are saying that's fake news, though.

576
00:35:53,008 --> 00:35:55,048
There's a short squeeze going on right now.

577
00:35:55,428 --> 00:35:55,868
Mandibles.

578
00:35:56,308 --> 00:36:02,568
and bitcoin standards i mean this is like and i read about this on monday or tuesday i forget

579
00:36:02,568 --> 00:36:07,548
when i wrote about it but the empire striking back big topic of discussion this week as well

580
00:36:07,548 --> 00:36:14,788
and over the last really over the last two weeks is the notion of jp morgan attacking

581
00:36:14,788 --> 00:36:21,888
strategy specifically and i'm not gonna lie i was skeptical of this narrative um

582
00:36:21,888 --> 00:36:25,548
for a couple months.

583
00:36:25,788 --> 00:36:27,028
And I think I've become more convinced

584
00:36:27,028 --> 00:36:29,428
that this does seem like a pretty scummy move

585
00:36:29,428 --> 00:36:30,728
from J.P. Morgan.

586
00:36:31,448 --> 00:36:32,308
Bullshit narrative.

587
00:36:33,048 --> 00:36:33,708
You think so?

588
00:36:34,168 --> 00:36:34,488
Why?

589
00:36:35,928 --> 00:36:37,368
Because, I mean, look,

590
00:36:37,588 --> 00:36:39,048
I'm no friend of Jamie Dimon.

591
00:36:40,288 --> 00:36:43,868
He can politely go fuck himself.

592
00:36:45,048 --> 00:36:48,108
But what he's best known for

593
00:36:48,108 --> 00:36:49,748
is his risk management.

594
00:36:49,748 --> 00:36:54,728
In 2008, when everyone else was crumbling, they were in the strongest position.

595
00:36:55,528 --> 00:36:57,128
They saw the issues ahead of time.

596
00:36:57,968 --> 00:37:05,868
And all of this stems from them increasing margin requirements on strategy equity holders.

597
00:37:05,968 --> 00:37:11,248
So if you held strategy stock and you were taking out leverage on top of it, they required

598
00:37:11,248 --> 00:37:13,228
that you added more margin to it.

599
00:37:13,268 --> 00:37:14,528
This is something we covered earlier.

600
00:37:14,528 --> 00:37:22,648
And you know, it turns out that like that was actually really prudent risk management over the last six months.

601
00:37:23,708 --> 00:37:24,548
It was.

602
00:37:24,688 --> 00:37:26,628
It was down like 80%.

603
00:37:26,628 --> 00:37:27,828
It's down like 70%.

604
00:37:27,828 --> 00:37:27,948
Well, what has to ask?

605
00:37:28,388 --> 00:37:29,648
Like, was it prudent risk management?

606
00:37:29,728 --> 00:37:37,728
So this is where, I mean, I was very much in that line of thinking up until the last two weeks.

607
00:37:37,728 --> 00:37:41,448
And so in retrospect, it's like, oh, that was good risk management.

608
00:37:41,448 --> 00:37:43,428
But you could also say, did they?

609
00:37:43,428 --> 00:37:48,208
do that and then incite a sell-off which like if you're going to raise your

610
00:37:48,208 --> 00:37:54,208
ltv requirements from 50 to 95 or your margin requirements from 50 to

611
00:37:54,208 --> 00:38:00,388
95 then people have loans out that's going to catch them off size they're gonna have to begin

612
00:38:00,388 --> 00:38:06,088
selling and to your point it's like okay maybe it's like a risk management thing bitcoin and

613
00:38:06,088 --> 00:38:11,928
strategy specifically are volatile maybe we should de-risk and i think the smoking gun for me because

614
00:38:11,928 --> 00:38:16,928
I've talked to individuals who had this happen to me and they've showed me the paper trail is

615
00:38:16,928 --> 00:38:23,168
when that happened in July, there were a number of people who said, okay, like this is an egregious

616
00:38:23,168 --> 00:38:31,028
collateral requirement that you're thrusting on us overnight. Banks like Fidelity and other

617
00:38:31,028 --> 00:38:37,848
prime brokers are offering a 40% LTV. So I'd like to transfer my shares there. And they were

618
00:38:37,848 --> 00:38:42,228
extremely slow to deliver the shares to other prime brokers, which would signal that they

619
00:38:42,228 --> 00:38:46,308
had lent out shares that they custody to short sellers.

620
00:38:46,768 --> 00:38:49,708
And so an egregious amount of time.

621
00:38:49,788 --> 00:38:54,308
I talked to one person who had 50,000 shares and it took them three months.

622
00:38:54,308 --> 00:39:02,548
They moved 2,500 shares after three weeks and it took months to move the whole position,

623
00:39:02,548 --> 00:39:08,628
which 50,000 shares of MicroStrategy's float is a pittance.

624
00:39:08,788 --> 00:39:09,528
It's relatively small.

625
00:39:09,628 --> 00:39:11,288
You should be able to move that.

626
00:39:11,368 --> 00:39:12,188
And if you can't move that,

627
00:39:12,268 --> 00:39:14,468
it's a signal that you're rehypothecating those shares

628
00:39:14,468 --> 00:39:17,028
to people that are probably going short the stock.

629
00:39:17,968 --> 00:39:20,328
And so you could raise margin requirements overnight,

630
00:39:20,748 --> 00:39:21,648
force people to sell,

631
00:39:21,768 --> 00:39:24,748
and then not saying that J.P. Morgan was short itself.

632
00:39:24,748 --> 00:39:31,428
And then the cherry on top is they launch a competing yield product

633
00:39:31,428 --> 00:39:34,788
with MicroStrategy's preferred offerings?

634
00:39:35,848 --> 00:39:37,288
I mean, so first of all,

635
00:39:37,548 --> 00:39:42,268
first of all, I still think

636
00:39:42,268 --> 00:39:43,788
prudent risk management explains it.

637
00:39:44,108 --> 00:39:45,308
And I wouldn't be surprised

638
00:39:45,308 --> 00:39:48,828
if MicroStrategy was like bucketed in

639
00:39:48,828 --> 00:39:50,108
with a bunch of other equities

640
00:39:50,108 --> 00:39:51,928
and it was kind of happening

641
00:39:51,928 --> 00:39:53,388
at the current margin requirements

642
00:39:53,388 --> 00:39:54,508
and they didn't even realize.

643
00:39:54,728 --> 00:39:55,948
And then they were like, holy shit,

644
00:39:56,568 --> 00:39:59,028
like we have a ton of risk exposure here.

645
00:39:59,688 --> 00:40:01,168
It's a leveraged Bitcoin equity

646
00:40:01,168 --> 00:40:05,688
Bitcoin itself is already volatile. And then the actual holders are leveraged up too.

647
00:40:06,968 --> 00:40:11,128
And ultimately, by the way, I don't think the freaks need me to tell you this,

648
00:40:11,828 --> 00:40:18,108
but if you're leverage long using a third party on a stock that requires trust in multiple third

649
00:40:18,108 --> 00:40:24,008
parties, and you get into margin hot water, that is your fucking fault. Take some personal

650
00:40:24,008 --> 00:40:30,808
responsibility over your actions there. Then the second piece is counterpoint. The second piece is

651
00:40:30,808 --> 00:40:34,388
these banks are just so fucking slow with fucking everything.

652
00:40:35,288 --> 00:40:37,708
They're antiquated institutions.

653
00:40:38,008 --> 00:40:39,288
And especially when you want to leave them,

654
00:40:39,348 --> 00:40:41,988
regardless of how you're leaving them and why you're leaving them,

655
00:40:42,248 --> 00:40:43,548
they're particularly slow.

656
00:40:43,868 --> 00:40:46,588
Once you try and take ownership over your money and your assets,

657
00:40:47,048 --> 00:40:48,848
they're slow across the board.

658
00:40:49,708 --> 00:40:52,728
And that's malicious and predatory and inefficient.

659
00:40:53,688 --> 00:40:55,448
It's like a combination of all the three.

660
00:40:56,188 --> 00:41:00,688
And then the last piece is, first of all, this is not JP's first.

661
00:41:00,808 --> 00:41:08,208
iBit product. I have a link there to other iBit products that they offer. But this is hilarious

662
00:41:08,208 --> 00:41:13,168
because like three days before they released this product, the narrative on X was that JP Morgan

663
00:41:13,168 --> 00:41:18,568
hates Bitcoin and wants Bitcoin to die. And then as soon as this product hit the newswire, everyone

664
00:41:18,568 --> 00:41:22,288
was like, no, it's not that they hate Bitcoin, it's that they're releasing a competitive...

665
00:41:22,288 --> 00:41:30,208
Like the narrative shifted. The narrative shifted to fit the facts, which is usually a telltale sign

666
00:41:30,208 --> 00:41:31,448
of just people stretching,

667
00:41:31,668 --> 00:41:43,482
people stretching to come up with reasons for why something happening I don know The failure to deliver I mean it should have taken months to deliver 50 shares of a very highly

668
00:41:43,482 --> 00:41:47,462
When you're leaving a banking institution, they're always fucked with you.

669
00:41:48,822 --> 00:41:50,722
Well, it's not like you're shutting down your account and you're saying like,

670
00:41:50,722 --> 00:41:53,802
hey, I'm going to go to this prime broker for this particular position.

671
00:41:54,582 --> 00:41:56,662
I think that's pretty common.

672
00:41:57,642 --> 00:41:57,982
What is it?

673
00:41:58,022 --> 00:42:01,342
50,000 shares, I'm guessing it wasn't –

674
00:42:01,342 --> 00:42:10,782
was if it was like five months ago microstrategy was at like 350 bucks um so like whoever your

675
00:42:10,782 --> 00:42:16,202
friend is wanted to move 17 million dollars about 17 million dollars worth of assets away from them

676
00:42:16,202 --> 00:42:24,842
to someone else you know that it's not the most surprising thing in the world that they drag their

677
00:42:24,842 --> 00:42:28,262
fucking feet while you're trying to move 17 million dollars of assets away from their platform

678
00:42:28,262 --> 00:42:39,902
could be anyway they shut down jack's bank account too if you're self-custody bitcoin

679
00:42:39,902 --> 00:42:43,782
if you're self-custody bitcoin you don't have to deal with this yeah they shut down jack's bank

680
00:42:43,782 --> 00:42:50,422
account and jack's a good friend and uh i knew about this when it happened um and the most

681
00:42:50,422 --> 00:42:54,582
annoying part is with all these things when they shut down your bank account you never get a reason

682
00:42:54,582 --> 00:43:01,742
um so jack doesn't know jack mallards doesn't know why they shut down his account his dad had a

683
00:43:01,742 --> 00:43:07,962
private wealth account with them for 30 plus years um and jack's account was through that

684
00:43:07,962 --> 00:43:13,762
and they didn't shut down his dad but that's just worth noting because you know presumably it was you

685
00:43:13,762 --> 00:43:22,362
know a high value account um but all that said like jack did call jamie diamond jeffrey epstein's

686
00:43:22,362 --> 00:43:28,242
banker which he was he was that is factual he was jeffrey upstune's banker but that's probably

687
00:43:28,242 --> 00:43:31,022
why they shut it down they probably didn't shut it down because they hate bitcoin

688
00:43:31,022 --> 00:43:38,842
i mean jamie diamond specifically hates bitcoin i don't think they hate bitcoin either

689
00:43:38,842 --> 00:43:43,422
i think they want to co-opt i would not be surprised if they want to co-opt things they

690
00:43:43,422 --> 00:43:50,942
want everything to the point of their inefficiency jack very loudly said that they were jeffrey up

691
00:43:50,942 --> 00:43:52,822
that they were Jeffrey Epstein's banker

692
00:43:52,822 --> 00:43:55,022
and it took them months to shut down his account.

693
00:43:55,822 --> 00:43:56,822
I think he said that.

694
00:43:56,862 --> 00:43:59,242
I think he said that first like two years ago, actually.

695
00:43:59,862 --> 00:44:03,362
And anything Jack says hits all the wires.

696
00:44:03,642 --> 00:44:05,322
That was all over the fucking place.

697
00:44:07,602 --> 00:44:08,262
I don't know.

698
00:44:08,502 --> 00:44:10,522
I'm going to still fall on the side of –

699
00:44:10,522 --> 00:44:12,862
there's some shenanigans at play here.

700
00:44:14,082 --> 00:44:16,182
Anyway, did you look into this structured note

701
00:44:16,182 --> 00:44:17,542
that they released on iBit?

702
00:44:18,822 --> 00:44:19,502
It's a weird one.

703
00:44:19,502 --> 00:44:19,902
No.

704
00:44:19,902 --> 00:44:21,642
What did they release on Wednesday?

705
00:44:22,062 --> 00:44:28,622
And I've been very busy, but I've heard it's like downside protection up to like a 30% drawdown.

706
00:44:28,822 --> 00:44:30,922
Yeah, but it's not fully downside protected yet.

707
00:44:31,382 --> 00:44:31,742
Correct.

708
00:44:31,842 --> 00:44:36,142
It's like if it goes down by more than 30%, then you don't have downside protection.

709
00:44:36,362 --> 00:44:36,702
Okay, here.

710
00:44:36,902 --> 00:44:42,502
JP Morgan's proposed instrument will set a specific price level for BlackRock's IBIT fund next month.

711
00:44:42,502 --> 00:44:46,862
In approximately a year, if IBIT is trading at a price equal to or greater than the set price,

712
00:44:46,862 --> 00:44:50,862
the notes will be automatically called and investors will receive a guaranteed minimum

713
00:44:50,862 --> 00:44:55,802
return of 16%. If, however, IBIT's price is lower than the set price a year from now,

714
00:44:55,862 --> 00:44:59,402
the notes will not be called and participating investors will ride the investment out until

715
00:44:59,402 --> 00:45:06,702
2028. Should IBIT pass JP Morgan's next set price by the end of 2028, investors will earn 1.5x,

716
00:45:06,742 --> 00:45:10,402
so a little bit of leverage there on their investment with no cap, meaning if Bitcoin

717
00:45:10,402 --> 00:45:16,702
shoots up by 2028, investors stand to earn a hefty return. As an added protection incentive,

718
00:45:16,862 --> 00:45:23,562
If Ibit is down in 2028, but by no more than 30%, investors will recoup their entire initial investment.

719
00:45:24,002 --> 00:45:27,682
Basically, the main reason investors would choose this note over simply investing in Ibit,

720
00:45:28,142 --> 00:45:32,122
with JP Morgan's instrument, investors get a chance at 1.5x upside,

721
00:45:32,702 --> 00:45:37,962
a fixed return if Ibit is flat in a year, and long-term downside protection up to 30%

722
00:45:37,962 --> 00:45:40,442
if Ibit is down more than 30% in 2028.

723
00:45:40,862 --> 00:45:43,842
However, investors lose the equivalent of Ibit's depreciation.

724
00:45:43,842 --> 00:45:50,062
like just stay humble and stack sats like what the fuck is going on there is super fucking

725
00:45:50,062 --> 00:45:54,402
confusing yeah i'm trying to think of like how jp mori makes money from that like obviously

726
00:45:54,402 --> 00:45:58,122
management fees they just collect fees yeah they pull fees out of that

727
00:45:58,122 --> 00:46:06,462
yeah just stay humble stacks that's it's uh sage advice

728
00:46:06,462 --> 00:46:12,302
i wonder what the chat is i've read that blur multiple times and it's just

729
00:46:12,302 --> 00:46:17,622
so complicated yeah chat what do you think we're saying chat now this is what all the kids do chat

730
00:46:17,622 --> 00:46:27,022
chat is jp morgan uh nefarious action actions or simply uh practicing good risk management

731
00:46:27,022 --> 00:46:32,482
update from the chat we have rider die freak map 21 zap 21 000 sats thank you sir for your

732
00:46:32,482 --> 00:46:37,582
constant saps as i saw the big zap you gave to dispatch this week thank you appreciate it

733
00:46:37,582 --> 00:46:46,342
and nvk zapped again 21 000 sats rh the macro pod well it's not really it's all related to

734
00:46:46,342 --> 00:46:56,162
bitcoin now not really macro come on come on nvk um note of note of note i mentioned tuesday we went

735
00:46:56,162 --> 00:47:02,722
and got close shaves the uh the barber who did it just asked him very nonchalantly he's like hey

736
00:47:02,722 --> 00:47:08,882
would you be willing to be paid in bitcoin he's like yep no questions asked had a wallet ready to

737
00:47:08,882 --> 00:47:14,442
go how'd you pay him did he already have big in a wallet he had a wallet i don't know which one

738
00:47:14,442 --> 00:47:20,702
he was using some weird software one you didn't ask or look at the screen i did i think it might

739
00:47:20,702 --> 00:47:25,622
have been phantom wallet if i'm being honest but uh so he said he assured me assured me he's gonna

740
00:47:25,622 --> 00:47:28,682
sweep at the cold storage. He's got a USB wallet.

741
00:47:29,302 --> 00:47:33,422
So it's on-chain Bitcoin? Yeah. What wallet did you pay from?

742
00:47:36,602 --> 00:47:37,802
I paid

743
00:47:37,802 --> 00:47:38,802
from

744
00:47:38,802 --> 00:47:42,602
the strike app.

745
00:47:44,102 --> 00:47:45,082
Oh, look at that.

746
00:47:45,862 --> 00:47:49,302
Yeah. Do you not have like...

747
00:47:49,302 --> 00:47:51,262
I tried to pay on my zaps, but my

748
00:47:51,262 --> 00:47:54,442
it was above my threshold.

749
00:47:55,622 --> 00:47:58,902
I really like the Bull Bitcoin wallet now.

750
00:47:59,922 --> 00:48:00,562
You like what one?

751
00:48:01,562 --> 00:48:02,082
What?

752
00:48:02,802 --> 00:48:03,642
The Bull Bitcoin wallet?

753
00:48:05,002 --> 00:48:07,402
Yeah, for a self-custody wallet that supports Lightning.

754
00:48:08,222 --> 00:48:08,742
Yeah.

755
00:48:09,602 --> 00:48:13,282
It uses Liquid at risk for the Lightning side.

756
00:48:14,802 --> 00:48:16,162
I think it's Wallet.

757
00:48:18,742 --> 00:48:19,402
Is it?

758
00:48:19,642 --> 00:48:19,802
Wait.

759
00:48:23,882 --> 00:48:25,022
I don't know.

760
00:48:25,622 --> 00:48:28,862
It is wallet.boldbitcoin.com.

761
00:48:29,102 --> 00:48:31,442
Or you can just search Bold Bitcoin in your favorite app store.

762
00:48:31,582 --> 00:48:37,082
Self-custody, no KYC, pay with lightning, receive on chain, pay on chain.

763
00:48:37,842 --> 00:48:42,362
Basically, any type, pay liquid, any type of Bitcoin invoice you can pay really easily.

764
00:48:43,882 --> 00:48:48,802
And in general, Freaks, I just like, you know, you just keep a couple hundred dollars worth on your phone.

765
00:48:49,762 --> 00:48:53,782
So when those situations arise, you're able to just pay people really easily.

766
00:48:53,782 --> 00:49:00,742
um but yeah obviously you can pay from strike or cash app or primal wallet

767
00:49:00,742 --> 00:49:09,642
river pretty cool cool to see that's awesome yeah it was uh it was nice i wasn't i was if i'm being

768
00:49:09,642 --> 00:49:14,062
honest with myself i was expecting it and now i'm good but it was like yeah yeah i'll gladly take it

769
00:49:16,182 --> 00:49:21,022
it's rare that you ask and they already have a wallet set up uh but also it's not surprising

770
00:49:21,022 --> 00:49:22,102
that it was a shitcoin wallet.

771
00:49:22,522 --> 00:49:26,442
I think Phantom is the largest Solana wallet.

772
00:49:27,322 --> 00:49:29,582
Trust wallet is the largest self-custody wallet

773
00:49:29,582 --> 00:49:29,902
in the world.

774
00:49:30,022 --> 00:49:31,062
That's Binance's wallet.

775
00:49:31,802 --> 00:49:32,622
It might be that one.

776
00:49:32,982 --> 00:49:33,382
I don't know.

777
00:49:33,382 --> 00:49:34,862
It's a US trust wallet.

778
00:49:38,142 --> 00:49:40,022
Big news out of Bitcoin.

779
00:49:41,302 --> 00:49:43,042
Protocol development this week.

780
00:49:43,302 --> 00:49:44,382
Cluster mempools.

781
00:49:47,002 --> 00:49:49,262
Have they been merged?

782
00:49:51,022 --> 00:49:52,442
Were they getting set up to be merged?

783
00:49:53,902 --> 00:49:56,842
Yeah, I mean, I think the plan is to release it with Core V31.

784
00:49:57,702 --> 00:49:58,002
Yeah.

785
00:49:59,002 --> 00:50:02,002
But they've been in the works for years.

786
00:50:03,762 --> 00:50:07,662
This thread that I linked to in the show notes is from 2024.

787
00:50:07,922 --> 00:50:11,862
It's Merch Explaining It, just to show you how long it's been worked on.

788
00:50:13,702 --> 00:50:17,922
But basically, the idea, yeah, Cluster Mempool has been merged.

789
00:50:17,922 --> 00:50:33,862
Basically, the idea is that it makes it easier for a node to calculate which transactions are paying the highest fee when ancestors and parents or children are accounted for.

790
00:50:34,282 --> 00:50:43,442
So a child transaction is a transaction that happens after your transaction, and a parent one is transactions that happened before.

791
00:50:43,442 --> 00:50:49,822
and if they're all unconfirmed then their fee rates are all dependent on each other right like

792
00:50:49,822 --> 00:50:54,582
if you are receiving a three sat per byte transaction and then you send a two sat per

793
00:50:54,582 --> 00:51:01,262
byte transaction after that um that chain has a that chain of transactions has basically an

794
00:51:01,262 --> 00:51:06,582
equivalent fee rate um usually what happens is actually the opposite right so you're like

795
00:51:06,582 --> 00:51:10,682
receiving at three sats per byte and then you pay out another transaction at six sats per byte

796
00:51:10,682 --> 00:51:13,702
the equivalent fee rate is somewhere between three and six sets per byte.

797
00:51:13,842 --> 00:51:16,742
It's like four and a half, five sets per byte or something like that.

798
00:51:17,602 --> 00:51:17,702
Yeah.

799
00:51:17,862 --> 00:51:21,962
And this just makes everything more computationally efficient, right?

800
00:51:22,022 --> 00:51:23,742
Because if you have them in clusters,

801
00:51:23,742 --> 00:51:27,782
instead of trying to desperately connect them and figure out which child's

802
00:51:27,782 --> 00:51:31,722
paying for parent, you just have basically like a cluster ID.

803
00:51:31,922 --> 00:51:34,162
Once you add a child.

804
00:51:35,042 --> 00:51:35,742
The whole,

805
00:51:35,742 --> 00:51:37,742
the whole idea of mempools is,

806
00:51:38,682 --> 00:51:40,562
is that we have an independent relay network,

807
00:51:40,562 --> 00:51:52,982
but also that nodes are able to easily figure out and validate ahead of time which blocks will be mined next and what those transactions will be in the next mined block,

808
00:51:53,282 --> 00:52:01,282
which makes block propagation a lot smoother and results in a more competitive mining landscape.

809
00:52:01,282 --> 00:52:08,802
and individual notes had a lot of trouble calculating these effective fee rates when

810
00:52:08,802 --> 00:52:14,902
you had large chains of transactions and this is attempts to mitigate that and provides a much more

811
00:52:14,902 --> 00:52:21,082
efficient path shout out to everybody working on this a lot more efficiency in menpools but you

812
00:52:21,082 --> 00:52:28,362
just went into the software update so can we read the boost from last week uh yes and while we're

813
00:52:28,362 --> 00:52:30,562
doing that, NBK zapped a third

814
00:52:30,562 --> 00:52:32,402
time 21,000 sats

815
00:52:32,402 --> 00:52:33,322
pulling the leg.

816
00:52:34,322 --> 00:52:36,322
You must be selling out a cold card this

817
00:52:36,322 --> 00:52:38,382
Black Friday. Getting extra generous here.

818
00:52:39,322 --> 00:52:40,442
Pulling the leg on Primal

819
00:52:40,442 --> 00:52:42,422
live stream zaps are the new pulling the

820
00:52:42,422 --> 00:52:42,662
leg.

821
00:52:44,302 --> 00:52:46,382
Reminder freaks, you can use

822
00:52:46,382 --> 00:52:48,402
any Nostra app that supports video streaming

823
00:52:48,402 --> 00:52:50,222
to participate in our live chat.

824
00:52:50,462 --> 00:52:51,502
We really like Primal.

825
00:52:52,202 --> 00:52:54,282
You can download in your favorite app store. Any zap

826
00:52:54,282 --> 00:52:56,382
over 21,000 sats must be read on

827
00:52:56,382 --> 00:52:57,902
air. That is our rule.

828
00:52:58,362 --> 00:53:00,462
Ceter zapped 21,000 sats.

829
00:53:00,802 --> 00:53:02,062
Think my zap vanished.

830
00:53:02,742 --> 00:53:05,002
Feedback for silent payment wallet is appreciated.

831
00:53:05,282 --> 00:53:06,182
It's an early alpha.

832
00:53:06,482 --> 00:53:07,782
And then he linked to the GitHub.

833
00:53:10,162 --> 00:53:12,462
His GitHub name is set Avenger.

834
00:53:13,202 --> 00:53:16,442
Slash blind bit dash desktop.

835
00:53:17,142 --> 00:53:18,102
If you're listening,

836
00:53:18,242 --> 00:53:26,302
github.com slash set Avenger slash blind bit dash desktop.

837
00:53:26,302 --> 00:53:27,342
If you want to check it out,

838
00:53:27,462 --> 00:53:28,062
silent payments.

839
00:53:28,362 --> 00:53:37,882
we have one boost that passes the 21 000 sat threshold from rabbit hole recap 384 are you not

840
00:53:37,882 --> 00:53:44,622
entertained it comes from our good friend long time freak long time supporter mike clear 21

841
00:53:44,622 --> 00:53:52,302
212 sats palindrome zap boost whatever we're calling it um listen to this rip while installing

842
00:53:52,302 --> 00:54:01,262
a hash rate heat system winter is coming stack sats with your heater and go to xergyheat.com

843
00:54:01,262 --> 00:54:09,002
e-x-e-r-g-y heat.com shout out to mike tyler everybody else on the xergy team

844
00:54:09,002 --> 00:54:11,982
that's a project i'm pretty excited about

845
00:54:11,982 --> 00:54:22,142
oh yeah fountain podcast app is also also streams our video too and you can participate

846
00:54:22,142 --> 00:54:29,982
been in a live chat through that as well since they enabled Noster. Yes. Building on

847
00:54:29,982 --> 00:54:42,542
the software updates, White Noise version 0.2.1 has been released. This comes with...

848
00:54:44,682 --> 00:54:50,702
By the way, the dream is that Rumble just adds Noster support. So the live streams and the

849
00:54:50,702 --> 00:54:56,022
apps are all just cross compatible but um i also want to pet unicorn so we'll see if that ever

850
00:54:56,022 --> 00:55:02,162
happens i'm gonna go whole punch dude come on come on well i mean rumble is like if the argument

851
00:55:02,162 --> 00:55:08,322
the tether guys don't really love nostr because they think it's too centralized but like if the

852
00:55:08,322 --> 00:55:13,482
argument is rumble and rumbles incredibly centralized this is the straight youtube model

853
00:55:13,482 --> 00:55:18,822
so just broadcast as nostr events yeah not a horrible idea

854
00:55:18,822 --> 00:55:26,702
But anyway, white noise, V0.2.1 is out.

855
00:55:26,702 --> 00:55:29,002
If you remember, white noise.

856
00:55:29,016 --> 00:55:46,816
Noise is attempting to use NOSTA identities and NOSTA relays to build an alternative signal that is as secure and easy to use as signal, but doesn't require a phone number and doesn't require them to run servers.

857
00:55:47,156 --> 00:55:49,676
You know, Signal right now is running all the servers for Signal.

858
00:55:50,056 --> 00:55:54,816
If you remember, there was an outage the other day when AWS went down, there was an outage for a few hours.

859
00:55:54,816 --> 00:55:56,396
Also, it creates a central point of failure.

860
00:55:56,396 --> 00:56:03,956
um so they're using the nostor interoperable network for identity and actual comms sending

861
00:56:03,956 --> 00:56:09,096
the encrypted messages back and forth um historically or historically it's a relatively

862
00:56:09,096 --> 00:56:13,336
new project it hasn't been that stable it's starting to get really stable um so

863
00:56:13,336 --> 00:56:19,536
if you want to test it out you can download white noise in your favorite app store

864
00:56:19,536 --> 00:56:29,696
what is the i think it's white.noise is the url nope is a white noise.chat

865
00:56:29,696 --> 00:56:38,136
is white noise.chat white noise.chat and uh if you if you message me i'll reply back

866
00:56:38,136 --> 00:56:39,896
you can test it out that way

867
00:56:39,896 --> 00:56:46,836
check it out freaks white noise.chat you don't have it on the list but i saw

868
00:56:46,836 --> 00:56:55,236
just because I appreciate the hustle that they sent out a financial freedom report yesterday on Thanksgiving Day.

869
00:56:55,236 --> 00:57:01,696
This is financial freedom report number 99 in the Human Rights Foundation story of the week is coming from Venezuela,

870
00:57:01,856 --> 00:57:06,496
where hyperinflation and growing digital asset use is happening.

871
00:57:07,356 --> 00:57:10,856
Venezuelans are bracing for hyperinflation as the Bolivar rapidly loses value.

872
00:57:10,856 --> 00:57:19,676
The country's central bank stopped pushing inflation data last year after Nicolas Maduro fraudulently claimed victory in the 2024 elections.

873
00:57:20,196 --> 00:57:31,856
International institutions project 548% inflation in 2025 and 629% in 2026, while some economists warn the rate could exceed 800%.

874
00:57:31,856 --> 00:57:58,876
800%. Inside the country, the detentions of economists and a former finance minister have left few willing to challenge the regime's official narrative. At the same time, major retailers are increasingly accepting digital assets for payment. The head of the country's National Association of Supermarkets, Italo Atencio, projected that digital assets will account for 10% of all grocery transactions by early 2026.

875
00:57:58,876 --> 00:58:02,876
It's Bitcoin there when you need it.

876
00:58:03,656 --> 00:58:07,096
When your government becomes completely despotic

877
00:58:07,096 --> 00:58:11,236
and throws all the economists and finance ministers in jail

878
00:58:11,236 --> 00:58:14,916
because they're trying to warn you that your money is being debased,

879
00:58:15,076 --> 00:58:16,376
that you should get away from it.

880
00:58:17,416 --> 00:58:18,836
Bitcoin allows you to save yourself.

881
00:58:19,656 --> 00:58:34,306
Venezuela I think has been a shining example of that over the last decade Time and time again Venezuelans have turned to Bitcoin to escape the ills of their government and its management of their monetary system

882
00:58:35,446 --> 00:58:37,406
Take agency over your life.

883
00:58:38,026 --> 00:58:39,126
Use Bitcoin in Austria.

884
00:58:39,926 --> 00:58:40,226
Yes.

885
00:58:41,146 --> 00:58:46,086
For more stories like this, make sure you shine up.

886
00:58:46,086 --> 00:58:49,886
make sure you sign up for the Financial Freedom Report.

887
00:58:50,326 --> 00:58:52,926
You can do that at financialfreedomreport.org.

888
00:58:56,846 --> 00:58:58,066
Last but not least,

889
00:58:59,166 --> 00:59:01,066
big topic of discussion this week,

890
00:59:01,226 --> 00:59:04,506
exlocation doxing going on.

891
00:59:05,026 --> 00:59:06,426
What's your opinion on this one?

892
00:59:07,306 --> 00:59:07,946
I'm not a big fan.

893
00:59:08,686 --> 00:59:13,786
I think if you don't have the developed Twitter muscle

894
00:59:13,786 --> 00:59:19,266
to understand when you're being gaslit by a foreign sock puppet,

895
00:59:19,866 --> 00:59:21,726
you shouldn't be on the app.

896
00:59:24,566 --> 00:59:33,606
Yeah, I mean, so X this week launched a location feature

897
00:59:33,606 --> 00:59:34,926
on people's profiles.

898
00:59:34,926 --> 00:59:37,406
So if you go to their profile and you click their join date,

899
00:59:38,226 --> 00:59:43,406
it showed what country they were based in or they were tweeting from.

900
00:59:43,786 --> 00:59:45,066
Are they like last accessed?

901
00:59:46,486 --> 00:59:50,586
Originally, it showed also where the country of the account they created it and was.

902
00:59:51,926 --> 00:59:52,666
I think they still do.

903
00:59:53,706 --> 00:59:56,366
No, they removed the account created location.

904
00:59:56,366 --> 00:59:58,426
It's just where you've last connected from.

905
00:59:59,386 --> 01:00:03,106
And in settings, after the fact, you can set it to region.

906
01:00:03,106 --> 01:00:11,286
So like instead of saying you're in, you know, Costa Rica, it says Central America or something.

907
01:00:11,286 --> 01:00:19,906
um the the funniest one being australia because it's just also the continent it's both um but uh

908
01:00:19,906 --> 01:00:28,786
i mean it's it seems like there's been widespread support for it on x uh the big one is uh it seems

909
01:00:28,786 --> 01:00:33,666
like a lot of people want to root out which accounts are based in india uh there was like

910
01:00:33,666 --> 01:00:38,666
a bunch of maga accounts for instance uh that were pretending to be like super pro-american accounts

911
01:00:38,666 --> 01:00:47,626
um and they were like in india and nigeria and shit but uh i don't know i i think it's

912
01:00:48,266 --> 01:00:52,906
there there are definitely people that were put at risk for it particularly in smaller countries

913
01:00:52,906 --> 01:00:57,766
right like if you're a publicly american and it says you're in america like

914
01:00:57,766 --> 01:01:02,686
that doesn't really affect you um but if you're in a tiny ass country

915
01:01:02,686 --> 01:01:08,466
and you're already a sensitive individual and then it gets publicly released okay that's that

916
01:01:08,466 --> 01:01:09,466
That could be pretty bad.

917
01:01:11,466 --> 01:01:24,796
But the big piece of this was when they first released it supposedly the Department of Homeland Security was based in Israel I saw that And then they immediately pulled the plug on the feature

918
01:01:25,536 --> 01:01:26,896
They waited three hours.

919
01:01:26,996 --> 01:01:28,156
They re-released the feature.

920
01:01:28,416 --> 01:01:32,596
And then all government accounts did not have the location set up for.

921
01:01:32,596 --> 01:01:38,016
and i guess the head of product this guy nikita said the reason that they don't have

922
01:01:38,016 --> 01:01:46,636
um location set up uh the the location docs for government accounts is because it puts them under

923
01:01:46,636 --> 01:01:52,656
threat of like physical violence or something which okay so that means if you believe that

924
01:01:52,656 --> 01:01:56,116
then you believe that all accounts are under threat of physical violence not just government

925
01:01:56,116 --> 01:02:02,936
accounts, but you still did it anyway. Um, so yeah. And then last but not least, uh, if there

926
01:02:02,936 --> 01:02:07,716
were like a bunch of accounts pretending to be from one place and we're actually from another

927
01:02:07,716 --> 01:02:12,396
X has known this the entire time and hasn't done anything about it. They were fine while they were

928
01:02:12,396 --> 01:02:19,036
trying to become profitable and sustainable, pretending that those huge bot accounts were real,

929
01:02:19,036 --> 01:02:23,896
um, until it's, it's suited their goals. So I think there was a bunch of different takeaways here.

930
01:02:23,896 --> 01:02:36,316
I originally in the show notes, I had a link to Grok admitting that the Department of Homeland Security was originally based in Israel or their Twitter intern was at least.

931
01:02:37,056 --> 01:02:39,776
But they deleted that Grok post.

932
01:02:40,356 --> 01:02:41,676
Since been deleted, not there.

933
01:02:41,676 --> 01:02:55,776
Just erase that little piece of history, which makes you think that you should have some kind of distributed interoperable server mechanism where all posts are signed and anyone can easily archive them.

934
01:02:55,856 --> 01:02:57,996
I think that would probably be a good win for humanity.

935
01:02:58,836 --> 01:03:02,096
Do you think the Department of Homeland Security account was actually started in Israel?

936
01:03:02,696 --> 01:03:03,656
Would it shock you, actually?

937
01:03:03,876 --> 01:03:06,376
I guess that's another way to frame it.

938
01:03:07,976 --> 01:03:09,756
No, it would not shock me.

939
01:03:09,756 --> 01:03:25,556
I mean, to give them like the biggest benefit of the doubt, it could be that the person who runs their social media is a dual Israeli-American citizen that was in Israel at the time.

940
01:03:26,336 --> 01:03:27,916
I don't think that makes it any better.

941
01:03:28,716 --> 01:03:29,716
No, it doesn't really.

942
01:03:29,976 --> 01:03:30,596
No, it doesn't.

943
01:03:30,836 --> 01:03:34,876
But to give them the biggest benefit of the doubt, that's what they got going.

944
01:03:35,036 --> 01:03:36,696
But instead, they didn't even argue that.

945
01:03:37,036 --> 01:03:38,816
They just said, no, that's not true.

946
01:03:38,816 --> 01:03:39,576
That never happened.

947
01:03:39,756 --> 01:03:42,116
And they just deleted all the tweets related to it.

948
01:03:42,436 --> 01:03:46,136
Did you see the other interesting coincidences going on this week?

949
01:03:46,276 --> 01:03:51,116
Or not only this week, but even in the lead up to Charlie Kirk's thing with the Google

950
01:03:51,116 --> 01:03:55,036
What about the murder of the National Guard?

951
01:03:55,596 --> 01:03:55,776
Yeah.

952
01:03:56,956 --> 01:03:57,836
That's what I'm alluding to.

953
01:03:57,836 --> 01:03:58,616
Absolutely fucking tragic.

954
01:03:59,116 --> 01:04:03,236
And the guy who murdered them was trained and paid by the CIA in Afghanistan.

955
01:04:04,116 --> 01:04:04,276
Yeah.

956
01:04:04,276 --> 01:04:08,396
That thing reeks of some kind of false flag psyop.

957
01:04:08,396 --> 01:04:10,056
I just don't know which side did it.

958
01:04:10,856 --> 01:04:21,706
Like there a bunch of you can follow a bunch of different motives down that path Have you seen people servicing the Google trend data for the names of some of the people Yeah they were searching them ahead of time right

959
01:04:22,286 --> 01:04:26,146
Yeah, like days before, these no names

960
01:04:26,146 --> 01:04:31,426
had a questionable amount of Google search.

961
01:04:31,426 --> 01:04:31,706
Yeah.

962
01:04:33,826 --> 01:04:37,586
Apparently, Charlie Kirk's murder,

963
01:04:37,926 --> 01:04:40,006
similar things happened with buildings around.

964
01:04:40,966 --> 01:04:42,266
The UVU campus.

965
01:04:43,046 --> 01:04:50,426
I mean, in this case, like the actual guy who did the assassination, who they have in custody, was trained by the CIA and paid by the CIA.

966
01:04:51,206 --> 01:04:52,546
Afghan special forces.

967
01:04:54,706 --> 01:04:56,366
Like that's fucking crazy.

968
01:04:57,366 --> 01:04:58,366
Are you fucking kidding me?

969
01:04:58,366 --> 01:05:01,266
The CIA created Al-Qaeda in the 80s.

970
01:05:02,106 --> 01:05:03,466
Supported the Mujahideen.

971
01:05:04,186 --> 01:05:05,946
There's New York Times articles about it.

972
01:05:06,146 --> 01:05:07,986
You can go read.

973
01:05:10,286 --> 01:05:10,846
Insane.

974
01:05:10,966 --> 01:05:12,006
It is.

975
01:05:12,686 --> 01:05:13,126
Tragic.

976
01:05:13,866 --> 01:05:14,866
That's very tragic.

977
01:05:15,046 --> 01:05:15,806
I mean, the one guard.

978
01:05:15,806 --> 01:05:17,966
My heart goes out to the National Guardsman.

979
01:05:18,106 --> 01:05:19,246
She's 25 years old.

980
01:05:19,346 --> 01:05:20,806
It was her first week on the job.

981
01:05:22,186 --> 01:05:24,206
And like, they're not, I guess they're like not allowed.

982
01:05:24,326 --> 01:05:26,286
My understanding is they're not allowed to carry rifles.

983
01:05:26,866 --> 01:05:29,086
They're not allowed to have their handguns chambered.

984
01:05:29,466 --> 01:05:31,966
The guy, the third guardsman who actually took him down,

985
01:05:32,026 --> 01:05:33,146
took him down with a pocket knife.

986
01:05:33,226 --> 01:05:33,806
Did you see that?

987
01:05:34,326 --> 01:05:35,226
No, I didn't.

988
01:05:35,566 --> 01:05:36,406
Fucking insane.

989
01:05:37,206 --> 01:05:39,626
I didn't look too, to be honest, I didn't look too much into it

990
01:05:39,626 --> 01:05:40,966
because I was like, you know, it's Thanksgiving,

991
01:05:41,506 --> 01:05:45,346
and I don't want to be depressed on Thanksgiving.

992
01:05:49,346 --> 01:05:50,466
Let's end it on a good note.

993
01:05:50,546 --> 01:05:56,346
We got a 21,000 sat zap from one of the Bitcoin veterans, guys.

994
01:05:56,346 --> 01:06:00,506
Your name is abbreviated in the UI right now.

995
01:06:00,606 --> 01:06:04,206
Thank you to everyone who contributed hash rate to our Veterans Day telehash.

996
01:06:04,486 --> 01:06:09,526
We reached over 98 petahash a second and raised 5,240,000 sats.

997
01:06:09,626 --> 01:06:13,746
all funds raised going to providing freedom tech education to military veterans

998
01:06:13,746 --> 01:06:19,606
awesome love to see it and by the way that's from the official operation bitcoin

999
01:06:19,606 --> 01:06:22,386
nostril account yeah i can see it on my side

1000
01:06:22,386 --> 01:06:32,306
um hey crazy out there but be thankful we have each other no i'm thankful for you freaks i'm

1001
01:06:32,306 --> 01:06:39,026
thankful for you matt thankful for my family for this life the fact that we're here able to talk

1002
01:06:39,026 --> 01:06:44,266
about this stuff and try to get through all this madness with you all together.

1003
01:06:44,846 --> 01:06:45,686
We're going to do it.

1004
01:06:45,886 --> 01:06:46,526
We're going to do it.

1005
01:06:46,726 --> 01:06:47,406
Week in, week out.

1006
01:06:47,946 --> 01:06:51,306
And chip away, block by block, week by week.

1007
01:06:51,726 --> 01:06:56,846
We're going to help support and equip each other with the knowledge and tools necessary

1008
01:06:56,846 --> 01:06:59,566
to make sure that we can live free.

1009
01:07:01,686 --> 01:07:02,326
Well said.

1010
01:07:03,166 --> 01:07:03,826
Love you all.

1011
01:07:04,026 --> 01:07:04,826
Stay on the Stack Sets.

1012
01:07:05,546 --> 01:07:06,066
Peace and love.

1013
01:07:06,066 --> 01:07:06,546
Okay.

1014
01:07:09,026 --> 01:07:11,086
you