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sets stackwork.ai matt and i've been talking about privacy and the importance of using a vpn for
seven years now literally seven years i believe at least once every episode or two it's like hey
Make sure you're running a VPN.
I think it's especially important today
where you have governments in the UK,
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It is a VPN that cannot log.
Literally, by the way, it's designed.
A lot of VPNs will hand ways, say, we're not logging, we're not logging.
You can't trust them.
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That is Obscura.
Go to Obscura.net.
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Make sure you're using it, particularly if you're in one of these countries
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You should be running a VPN.
That VPN should be Obscura.
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at rhr salt of the earth you've been hearing matt and i talk about it quite a bit i drink multiple
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You've had a dynamic where money's become freer than free.
When you talk about a Fed just gone nuts,
all the central banks going nuts.
So it's all acting like safe haven.
I believe that in a world where central bankers
are tripping over themselves to devalue their currency,
Bitcoin wins.
In the world of fiat currencies,
Bitcoin is the victor.
I mean, that's part of the bull case for Bitcoin.
If you're not paying attention,
you probably should be.
Woo, doggie.
What a time to be alive.
Yo.
Did I break?
We broken?
I don't see it on Promo.
Do you see it on Promo?
See it on X.
retweeted
our future is bright
it is bright
you like that positivity
I know
was it inspired by my lecture
at the local high school
no it inspired us dumping
because I dunked on Luke Groman last week
yeah I told you
I warned you
I said it may have been too early
to take some victory laps
and I giggled earlier
because I opened up the day chart.
We are down 6.8% since last week's episode.
On what?
On gold?
On Bitcoin.
In cock buck terms.
Let's see.
We're not streaming on Primal right now, right?
Nostra is not live.
We're live.
on YouTube.
I don't know, we're getting no comments.
Maybe nobody's in YouTube right now.
Global contribute.
Yeah, we're live on YouTube too.
We've got 12 watching.
Make sure you like, subscribe, hop in the chat.
There they go.
Stop broadcasting, start broadcasting.
Starting the week out with some technical difficulties.
Well, maybe it's not working.
We've been on such a streak with the...
Oh, there it is.
The nostril.
Did that work?
I turned it off and on again.
It's working.
Nice.
Started two minutes ago.
What is up, freaks?
Thank you for bearing with our technical difficulties.
We're here now.
Logan is saying hi in the live chat.
Where should we start? Where should we start?
I was being a little bit of a dick.
The title is mostly because of your inspirational lesson to the youth.
That was the main premise of it.
Let's start with that.
This is your rival high school, I hear.
This is my rival high school.
This is my third lecture I've given them, the previous two.
We're remote.
Obviously, I was living in Austin, but now having moved back to the area,
I can be there in person.
So, yeah, this is their investment club.
And the teacher who runs this was my boss at the hot dog stand.
So this is not an actual class?
This is a separate extracurricular thing?
Yeah, it's not even extracurricular.
The way I learned a lot about how it works, I had a tour of the school yesterday.
Funnily enough, Rival High School, never been inside the confines of their building.
But as you imagine, all guys, private Catholic school.
So they're able to get creative with the curriculum.
Apparently, every Wednesday in the 1050 to 1150 block, they have sort of free range to hop into a bunch of different clubs.
Science, engineering, debate, and they have an investment club as well, which is who I spoke to yesterday.
this is the third time. Bitcoin 101, a lot of people are asking, what did you talk about?
I focus on Bitcoin. Monetary aspects is actually heavily
focused on the history of fiat. What else would you be talking about?
The technical details of the
protocol and stuff like that. I assumed it was a
101. It literally says Bitcoin 101 in the
picture. You can see the slide.
But I also, I did, I've talked a couple of classes with you at Baruch.
So I assume it was kind of similar to that.
Yes.
I have a wellness question for you.
Is that a dungeon classroom with fluorescent lighting and no windows?
Yes.
Yes, it was.
So can you do a wellness check on those children and try and get them some windows and some fresh air?
You should bring a CO2 monitor next time you go.
I don't know what that challenge was.
no that was my comment on the way out you need to get incandescent uh bulbs in here
it's no windows windows there are i mean this was uh
i think there might have been windows in the back but not very not very large ones there
there was a lot of open uh open windows in the hallways and uh i think there were some other
windows and other classrooms that i wasn't in yeah i mean i assume they have some windows in
I would hope.
Yeah.
It was inspiring, though.
Kids were very engaged, asking good questions.
There was a few teachers who showed up to a priest as well.
A priest came up and said, I'm very good.
These kids don't know about money.
That was sort of the crux of the message I was trying to get through.
I was like, hey, this is going to be a Bitcoin 101 lesson,
but really the underlying lesson is we've broken the money.
People don't understand what money is.
And they're engaged.
I see a lot of comments on X and Nostra about people making fun of the kids
for having similar haircuts and outfits.
And give the kids some slack.
Okay.
They have haircuts.
We all had our haircuts.
You're on mute.
Yeah, I mean, there's a decent amount of variety.
of haircuts in there too yeah if you're young when you're a young boy there's only so much variety
i don't feel like they all have the same haircut it's an interesting critique people are just
having fun but uh it's cool to see it's cool to see um incredibly optimistic on the younger
generations i mean i told you this but one of the kids asked uh he's like i got a job i get direct
deposit is there any way i could direct deposit my paycheck to bitcoin i said yeah just download
strike took his phone out right there yeah do we have uh they don't have rough codes right
i don't think strike does but try the code rhr yeah just message support and just type rhr
yeah um all right moving on to the dashboard as i mentioned we are down over seven thousand dollars
from where we were last week and matt was taking victory laps on all the bears out there
This week, the bears are taking victory laps because we are currently at $89,600.
The future is right.
One Cuxbox is going to get $1,166.
That's for a $1.79 trillion market cap.
We are at block height 933,401, which means we are seven blocks away from a difficulty retarget.
We could have that as we are live on air.
We will keep you abreast of the situation as it unfolds.
It's looking like a negative 3.1%.
Difficulty adjustment as of right now.
Block's been coming in at 10 minutes and 21 seconds.
On average, since the last retarget, there are 7,017 transactions in Clark's mempool.
If we go over to mempool.space, we'll see that there are 41,898 transactions in their mempool.
Last block was seven minutes ago.
The block before that was 54 minutes ago.
So we have 47 minutes between block 933,401 and 933,400.
That's the state of the network right now.
Difficulty adjustment going lower.
This will be the fifth downward adjustment of the last six difficulty adjustments.
And the only upwards adjustment that we've had in the last six was relatively flat.
It was up like 0.1%.
So hash rate has been falling off the network.
We talked about a few weeks ago, there were rumors of another Chinese mining man with some of the leftover hash rate that stayed within their borders after 2021.
And then obviously a contributing factor, maybe not so much up to this point, but certainly moving forward as we go throughout the week will be this winter storm in the United States.
It's weather affecting hash rate because a lot of miners are engaged in demand response programs.
So it's cold weather and the winter storms roll in.
Demand for electricity on the grid is going to increase dramatically.
And miners are going to be asked to respond by turning off their machines.
That demand can be met with supply.
And even if you're not in a demand response program officially where you have to respond by curtailing your load,
a lot of these miners will also look at the price of electricity,
which will probably go up during this winter storm.
They'll just turn off independently because it's not profitable to mine
with electricity prices where they will be.
This is State of the Network, commentary on mining.
Are you ready for this apocalyptic winter storm?
uh it's better to be prepared uh and hope for the best than uh than not be so
if you're not prepared already i don't know what to tell you you
rush out turn off the stream and go rush out and prepare now well that's what uh
my wife in preparation she's got she got the meals planned for the weekend and beginning of
Next week, she went to order pickup at Whole Foods and just smash bought the grocery list
and didn't realize that pickup orders wouldn't be ready until Saturday.
So she had to cancel the order and go in person to get stuff.
Old school.
She had to go the old-fashioned way.
Yeah, I mean, I had a neighbor buddy send me a picture of the bed of his truck filled with bottled water and a generator.
I was like, dude, you really waited until the last minute.
Shout out you. Nice haul, but you should have done that a bit ago.
But yeah, look, it's good.
I think people should always...
If you are raising a family specifically,
you should think about what are the essentials and always be prepared for it, regardless of what happens.
And I think in the case of winter storms specifically,
uh we do have the it is nice that you have the benefit of basically like a week-long warning
ahead of time yeah um but i will say moving from new york to tennessee tornadoes man no one warned
me about tornadoes and you get zero fucking warning about them uh which is scary as hell
um but uh yeah food heat i really like uh i mean it's not if you don't have one i don't know how to
it's an expensive installation but a fireplace or a wood stove is fucking clutch like that is
a huge hack you can just go chop down a fucking tree and heat your home um clean water clean water
is key and some kind of power particularly if you're like me and you have freezers full of meat
don't forget about the freezers guys winter storms you're good you can just move it outside
built-in freezer but you should have some kind of backup power for your freezers for non-winter
storms current thing and we're seeing that comment on youtube uh and to the point to this is a great
argument against electric stoves being mandated across the country um i think natural gas power
stoves uh are able to save you if the power goes out you can actually cook with that pull up the
natural gas prices and uh to comment on roach 618's comment on current thing that's the thing
obviously these models have been coming out over the last few days and they've been changing
dramatically and i think we can see that in the net gas prices you see they spiked all the way
above 450 earlier this week when it was looking worse than it looks today but if you don't want
to run a you don't want to run a gas line or you're like renting and you can't run a gas line
barbecues barbecues are clutch but i mean i don't really like propane barbecues but
charcoal barbecues outside do not bring them in your house you got to be clear disclosure
do not use your barbecue inside and then sue us about it yeah um all right we looked at
gas prices that's a commodity you know what another commodity is precious metals gold
still pumping silver still pumping i checked silver earlier today it was at uh
people get a nasty got triggered that i keep posting this chart can you pull up the chart
logan this is a chart to watch freaks when you're wondering why sentiment is down in bitcoin even
though we're flattish it's because we're not flattish we're dumping we are we are flat as of
uh 2021 i believe it's eight or 18 around 18 do the do the 10-year chart the 10-year charts kind of
kind of hurts.
I don't know.
We barely topped 21.
I feel like this has to be a bottom, though.
I mean, I'm just drawing red lines
on my mouse on the screen right now.
It looks like we're in vertical support resistance.
So I posted this
and posted this on Noster.
And just because like,
this is what I'm watching.
It's the chart I'm watching.
And John Arnold, our quant at 1031,
posted his curved red line
showing the bottom and upper trend.
And so then I just immediately retweeted it
on Noster and that extra triggered people.
Look and pull it up.
I think we're at resistance.
I think we're at balance level here.
To be clear, John was trolling me
and I was trolling him by retweeting it.
1031 is not making investment decisions
based on his curved red line
on the mobile screenshot of the gold chart.
Speak for yourself.
I'm aping into Bitcoin here.
No, it is.
It's funny how this is a recurring theme this year.
In the last six months, particularly gold, silver,
screaming Bitcoin, lacking relatively.
but uh i don't know i'm just like not it's like let the gold and silver bugs have a good year
this is literally what they felt like for the last 15 years let them have one
yeah i mean look i'm i'm happy for them particularly the guys who've been stacking physical
you know like if you're like i don't know if you're owning paper gold or whatever like
congratulations um but uh the guys who've been stacking physical gold and silver and have you
seen like the copper guys now just like bars and bars of copper like you know respect i respect the
hustle um i hope you i hope you're enjoying it but also at the same time like that chart is
is if if bitcoin wins that chart needs to needs to reverse like it's bitcoin versus gold that's
what it is. That's just the reality of the situation.
Yeah. Well, I mean, look at gold.
In a post-Bitcoin world, gold will still exist.
It will still have value I think they complementary to each other Like I not saying it gonna obsolete gold but gold But what is like all the influencers right They all joined the board of Bitcoin stocks
that have no cash flow.
And they all said Bitcoin is the hurdle rate.
Well, gold is the hurdle rate.
That is the reality of the situation here.
And if we're not outperforming gold,
then I don't know what we're doing.
I mean
I'm having a day right now
I mean gold's approaching
5,000
this chart looks
insane I'll do a silver
screenshot
to share with you Logan silver's over
96 right now the silver chart
looks even worse for us
go to that same website that I had the gold
chart and switch it to silver Logan
someone's like
why didn't you post the silver one well gold is
lindy i feel like gold is the one we should measure against but also the silver one was
it looked even worse so yeah
oh massive dumpage there pretty bad straight line down what's happening is there a paper bitcoin
But see, if you look at that, like the 2021 Bitcoin to silver chart, like 2021 versus today, we look better actually.
But the dump looks harder.
But yeah.
I don't know.
Stay humble and stack stats, guys.
One more comment on this.
I can pull up the tweet.
Still as bullish as ever.
I haven't.
The only gold I wear is jewelry.
I thought Grubles, our good friend Grubles, friend of the show,
I mean, we were talking about the quantum,
and a lot of people are like,
oh, people aren't buying Bitcoin because of the quantum risk.
That's why they're going into gold and silver.
But I thought Grubles had a good point,
because scientists who were trying to recreate the Big Bang
accidentally made gold, and he said there is,
quite literally, this is objectively true,
there's more progress instantiating gold molecules out of thin air
than there is for quantum computers.
is being able to attack Bitcoin.
Read what I said a few times.
If we're really worried about the sanctity of the scarce asset that is Bitcoin
and the quantum risk that certainly does exist,
but to the degree that it exists,
compared to the risk of being able to manufacture gold out of thin air,
it's certainly higher for gold than it is for Bitcoin,
for those isolated risks.
we made the bet too so you think i'm gonna win the bet
no are you trying to are you gonna offer me a takeout right now or no
no no i don't like pull you into that bad kicking and screaming a little bit
um
what was the
that was gold and silver all-time highs this year
i think i think it's in the cards i think it's
doable bitcoin all-time
high gets gold and silver independently
any one day doesn't have to end
the year yeah
and you gave me two to one
yeah look i'm bullish
everyone's bearish i'm bullish
let's fucking go yeah
speaking of bullish
we're not a ta price pumping podcast here we care about the tech the freedom tech and on that note
the human rights foundation had an ai hack for freedom last week at bitcoin park austin uh they
announced the winners uh number one came in uh stringer safety engine sundaram on journalist
Anjan, excuse me.
So I had Anjan on Dispatch.
People should go listen to that episode if they haven't.
It was a fun conversation.
Me and I met him in 2021.
He's awesome.
He's trying to build OpenSats, but for journalism, for independent journalism.
He himself has, you know, decades of experience doing war reporting and other really impressive independent journalism.
them um but yeah i mean i think so so we did this in partnership the bitcoin park did this
in partnership with hrf at park austin um i wasn't able to make it down there for it
but it seems like it was a massive success vibes were high and basically
they teamed up activists with uh developers and they just vibe coded pretty cool projects
and there's i guess it was a 24-hour hackathon people like stayed all night and
i just think it's really cool yeah i caught up with uh mark from maple
ai earlier this week who participated he said it was a very well done event
yeah everyone was like super positive coming out of it i mean i think part of it was they had no
sleep but um so they were probably a little bit delirious but uh yeah it's really fucking cool
I mean, look, once again, theme of the show,
the future's bright.
We're going to win.
Callie is still hacking away on BitChat.
Have we got any?
I haven't heard anything out of Yonda.
Go to Bobby's X account.
So BitChat Sim is a simulated physical world for BitChat,
testing a decentralized mesh-based messenger.
BitChat is hard, really, really hard,
predicting how design decisions will affect
real world behavior in larger crowds is vital
though. That is why I built a simulator
started simulating people, simulating
people that have devices that run a bare bone
abstract JavaScript version of the
BitChat app. There are simulated devices
Bluetooth that can scan for other
peers of BitChat and establish connections
and send relay packets
making the mistake again and just starting reading
and
realizing it's longer than I
thought. This is already pretty useful.
I just want to move around.
These people change their simulated phones, battery settings, their Bluetooth range, and more.
I can test message propagation, packet routing, and just actual app parameters, but it gets way better.
Walls, buildings, hills, all these affect how much Bluetooth signal travels from one person to another.
In the simulation, the physical environment modulates the Bluetooth strength.
Here you can see how the signal rather travels around the wall passing through it.
People in the real world move.
so I gave them basic pathfinding skills and put them in the city block using data from open street
maps I can now see different environments and test crowds in them with just a few clicks here
you see 140 simulated users around the time square messages propagate through the entire square it's
pretty cool so like the the polar for bit chat yeah I mean love to see it it's really hard to
test it. So it makes
sense that he would release a simulator.
You know how I know Bluetooth travels through walls?
How?
When I get in the car and it connects with my wife's son
and I jump into a conversation with her and her mother unexpectedly.
The UX of that is so bad.
It's so bad.
it's like clearly an example
if you were talking shit on me stop now okay
I got in the car you're talking to me now
it's clearly an example of a feature
that like the people that are designing it don't actually use the product
because it would become immediately obvious to you that
that UX is fucking horrible
yeah
speaking of bad ux instagram banning geyser that's not great user experience getting kicked
off a platform i mean i um
you know there's uh go ahead sorry i'm distracted i'm looking up uh bobby's twitter because we were
talking about uganda um but then you just moved directions and i was also just thinking about the
horrible UX of the Bluetooth and vehicles. Um, I, uh,
a lot of our focus has been when I'm,
when I'm talking about like Noster is like Noster versus X. Right.
And I think that's for two reasons, right? I think first of all,
me and you don't really, I mean,
I haven't used any social media besides Twitter, um,
for the last decade plus. Um, and I think you're kind of similar.
on that front. I mean, we both built our businesses. We met through Twitter. So obviously,
we were like Twitter people. But I think the second piece is also Elon is out of all the tech
CEOs, the big tech CEOs, the single best in terms of free speech and less control over the platform.
so it works as a a decent contrasting example but the the big bad enemy is meta like it's facebook
it's facebook it's instagram it's whatsapp they have billions of users the company is worth one
and a half trillion dollars it's like an insane juggernaut um and there's a whole world that
I just don't even know exists.
Like I never, I'm never, I haven't used Facebook.
Like I said, I haven't used Facebook or Instagram for basically since I met my wife.
So you get removed from Instagram and you just get, you lose such a massive amount of audience.
It's pretty fucked up.
I guess that's my point.
I'm like kind of just rambling.
What were they posting?
I like geyser.
definitely nothing controversial they don't post controversial shit yeah maybe they have some terms
of agreement about crowdfunding on their platform oh wow bobby wine five hours ago i'm not free my
home is still under siege and the criminal regime is trying to hunt me down and yet three out of my
four deputy presidents are also in detention. My deputy president in northern Uganda, Dr. Lina
Zadriga-Waru, is still missing, having been abducted from her home on the 15th of January.
My deputy president of Western Uganda, the Honorable Jolly Jacqueline Tukumashaba,
is still missing, having been abducted from Rukiga district on the 14th of January. My
Deputy President of Central Region,
the Honorable Mwanga Kivumbi,
was today arrested,
and he's being currently held
at Kira Division Police.
As the persecution intensifies,
may we remain rooted in hope and faith
that our struggle, the Ugandan struggle,
will end in victory dam.
Doesn't look like, well, I mean,
went as expected over there, it seems.
Yeah, I mean,
is not surprising.
It's unfortunate.
Hopefully, BitChad has helped
at least somewhat in terms of communication.
That's the Uganda update for this week.
Not looking good.
Haven't heard anything out of Iran either.
Seems like there was a pump fake
on a U.S. attack on Iran last week.
yeah i mean if it's gonna happen it'll happen over this weekend
he like trump likes doing it when the markets are closed
um but i will say i mean it's pretty wild how effective iran has been at the iranian government
has been at cutting communications and preventing the wider world from seeing what's going on over
I mean, it just goes to show how effective a tool internet and communication censorship is for authoritarian governments.
Heard an interesting theory about what happened with the pump fake of the U.S. attack.
iran basically is trump the trump administration trying to strong arm lindsey graham and bb netanah
by signaling that they're going to attack and basically cater to the the um desires of israel
specifically um so they backed out and then iran actually thought it was happening so they
scrambled moving key members of the regime.
And it was basically just like a show of political force.
Like, hey, we're not going to do that.
Then also we're going to get some information on how Iran reacts to this stuff.
I mean, the scrambling part is something we talked about last week.
I mean, I think the poly market bet too is part of that.
That spiked it up to like 90% certainty.
I mean, it's not even really a conspiracy, but my theory is,
my theory is the Israeli government and the U S government would rather
the Iranian regime stay in place, but be weaker.
Like they don't actually want regime change.
It's better to have a, like a weak boogeyman that they know,
um, that they can point to as being, you know,
part of the axis of evil or whatever, uh,
then have actual regime change and have like the people storm the parliament and
They don't have a parliament, but people storm the government facilities and then do a democracy and see what happens.
There's a lot of opportunity for regional issues there if you're a government that just cares about that type of thing and doesn't actually care about human freedom.
So that's my theory.
My theory is the protests have actually been a little bit too effective.
and if Israel and US strike in any kind of real way
then the government falls and then they don't know what comes next.
We need a vacuum of power. Way more uncontrollable.
We've got
35,000 zap from satsorter. Budget your
sats with satsorter.
I did see some
minor commenting that he couldn't zap. He was having trouble.
comment. Hey, I heard a rumor. Not sure if it's true or not.
Did Trump use code RHR to get 10% off Greenland?
I heard it.
He did actually in the website where you buy Greenland.
He put in code RHR. There you go.
That's another thing. It's been a crazy week.
Japanese yields screaming.
U.S. Treasury yields going higher as well.
a lot of people.
What's going on with
what's your
I know you're
like neck deep in macro
Twitter. What is
your take on
what is your
AI slop TLDR
Jesus Christ, AI slop.
JPY.
The impetus for the
Japanese bond
yields going higher
was
their prime minister, she basically said, hey, we're going to get rid of this 8%
food tax, the sales tax on food that exists.
And then I guess the other
side of the aisle in Japan, the competing
political party there said, all right, why just make this temporary? Let's make it
permanent. And they presented a bill to make the elimination of the food tax
permanent. And that basically signaled to the
market like hey they're going to decrease tax revenue when they have all this debt and their
interest rates are going up they're not going to be able to service it and so yields went higher
um and then that affected u.s treasury markets as well japanese yields drifted higher making it
more appealing to put uh money to work there and um that's why people are saying that u.s
rates went higher our yields are higher right yeah there are being the uh the yield difference
there. I mean, I think the crazy
thing, just like as an outside observer
is
it's like everyone's like, oh,
like Japanese yields went like crazy
like blah, blah, blah. And then I looked at the charts
like 275 or something.
Yeah.
It's like I would love to have a mortgage.
I would love to have a mortgage at 275.
It would be great. It would be great.
Somebody going through the process.
I guess my point is, if this is the
panic when it's still below
3% like it could go way higher just the sky's the limit i recorded with a gentleman named robert he
runs a youtube channel he's a bitcoiner called infernomics and he's been covering this and uh
there is some nuance there everybody's looking at the 30 year 40 year 20 year
um japanese government bonds like look at how high they are but if you actually look at
the percentage of overall debt issued at those durations.
It's relatively low, like below 6% or something like that.
They have 40-year Japanese bonds?
Yes.
Wow, that's under 4% still.
Yeah, but they're not issuing.
It looks like it spiked a little bit above 4%.
Yeah.
That's crazy, dude.
Can you imagine, do you want to lend me money for 40 years at 4%?
I would take it.
No, I'm good.
I'm more likely to pay you back than Japan is.
You are, but I'd rather put it in gold.
It's not going to zero.
It should have a significantly higher compound annual growth rate, if you will.
Don't forget, freaks, gold is the hurdle rate.
It is.
What did you think of all the clips coming out of Davos?
I was watching the Elon,
uh,
Larry Fink,
uh,
interview.
Did you see a slip up there?
What?
Uh,
uh,
Hey,
if you believe in like Luciferian,
uh,
sort of Satanism,
intergalactic,
uh,
cults,
they have to be,
they have to be up,
up front with you.
They have to tell you the truth,
what they're actually doing,
uh,
in person,
uh,
Elon was asked about aliens.
People ask, and he said,
he said, I am one. They don't believe me.
Is Elon an alien? I don't know.
Doubt.
Wouldn't surprise me.
Doubt, but wouldn't surprise me.
Yeah, I mean,
he also had the Mel Brooks
reference in the beginning that I thought
was actually kind of funny.
Which one? Did you see that one?
I was told that there was going to be a peace summit.
And I had to ask, what type of peace?
Is it going to be a peace of Greenland, a peace of Venezuela?
I believe in peace.
I mean, the posturing from the administration,
administration, Lutnik, Bessent, and Trump specifically,
they basically went there and said hey we're changing things up we're not doing the globalist
new world order we're packing it in we're gonna grow baby grow come with us or get left behind
um and it is funny like having watched the reactions to all the speeches there this is um
that phenomenon where people are watching the same screen but seeing two different movies
polar opposite reactions depending on the political lens for which you view the world well fuck Davos and everything it stands for Right What did you think of Brian Armstrong standing up to the French central bank head
I did not see that.
I have not been like, I haven't been Davos watching.
What did Brian Armstrong do?
Did he virtue signal about Bitcoin?
He did.
He said Bitcoin more in five minutes than he has in the last seven years,
I'm pretty sure.
but yeah the head of the front tends to do that when he goes to davos yeah the head of the french
central bank was saying like we need central bankers we need central banks to issue currency
uh democracy depends on it it's the will of the people uh we need independent central banks
specifically bitcoin is not that and brian was just like yes it is it's actually more independent
than central banks and they need to compete but i can only imagine the uh the back dealing that's
going there right now with the market structure bill with him him in town i mean that's like he
virtue signals about bitcoin and then he just wants to like dump shit coins on retail like that
is that is his goal um but that's what do not be shocked if next week there's some
breaking news about a breakthrough on the market structure bill these people definitely were
meeting behind the scenes while they were there i mean on the coinbase piece like it's pretty
I mean, it's wild how much influence they have on
particularly like the publicly traded Bitcoin treasury companies
and the ETFs.
Like there's such like,
they've become like absolute critical infrastructure.
Like I do wonder at what point,
it's so funny because like the,
I probably was one of the first people
like early days of sailor to ask him about self-custody um because everyone shied away
from that question and it always devolves around like oh like sailor's not gonna like bury steel
plates in like his backyard like he's not gonna like use a cold card blah blah it's like that's
not the point the point isn't like oh microstrategy should like use a cold card and like roll their
own multi-sig it's at what point like how much value how many billions of dollars of bitcoin
Does it become worth it for them to spend like $50 million rolling their own custody company and doing their own custody and doing a bunch of other people's custody instead of trusting Brian Armstrong with it?
And I feel like it makes too much sense.
Like if you were him, I like I just don't if I was him, like I don't understand the calculation there where he doesn't think it's worth it.
He's going to do anything in the Bitcoin space. Might as well build a first-class institutional custody arm and then custody his own Bitcoin using it and others.
We've seen Square, Block, roll their own. Obviously, many others.
Coinbase.
Acquiring Paxos.
Imagine if Coinbase outsourced their custody. That would be retarded.
Right.
And you think it could add to the narrative, all right, we're securing our own Bitcoin.
Not only that, we have this institutional custody service that we can offer others that provides revenue for the operating business so we can buy more Bitcoin.
I don't know.
I think it makes sense.
Michael?
I mean, to be clear here, his excuse always, which had a decent amount of argument, I think, was that he'd rather buy Bitcoin.
But now he's stacking dollars, too.
He's got billions of dollars on his balance sheet.
Just carve out a humble $25, $50 million.
You don't even have to build it all in-house.
You can buy something and start from there.
Let's see.
Hey, I know we're a pretty big show within the confines of strategy office.
So you guys take it to heart, okay?
Here's some advice from two gentlemen who care deeply about security of your Bitcoin.
Speaking of that, you can secure your Bitcoin, you can secure your future purchasing power by saving in Bitcoin.
And this is going to be a trend that grows, but companies are going to attract employees by helping them stack sats.
and Steak and Shake
took a step in that direction.
I almost said Steak Shack.
I'm getting the two mixed up.
Steak and Shake
announced this week
that the launch, well, they did this eight months ago.
Steak and Shake launched its Burger to Bitcoin
transformation. That's when they were
buying burgers and Bitcoin.
They announced this week.
You put the wrong tweet in here.
No, there's two tweets.
There's two big announcements from Steak and Shake
this week.
they increased their Bitcoin exposure by $10 million in notional value.
They've created a self-sustaining system, growing same-store sales that grow the SBR.
Proving food quality expands Steak and Shake's reach and leverages Bitcoin into a new, delicious dimension.
Steak and Shake.
Yeah, so I mean, I think there's two pieces here, right?
First of all, I think it's incredibly cool to see a large, nationwide, cash flow-positive, profitable business
using their profits to stack Bitcoin.
They've also previously announced
they're supporting open source development
with 210 sats per Bitcoin order.
That is going to open sats,
which I'm pretty excited about.
I think that's a pretty cool initiative.
And then there's this next announcement that they made,
which is that they're providing a Bitcoin bonus
to all of their employees paid per hour.
So hourly, basically hourly DCA powered by Fold into Bitcoin.
And it's like, I just feel like they've quickly, there's, there are some incredibly hardcore Bitcoiners over at Steak and Shake that have just like quickly showed the world what a cashflow positive, profitable Bitcoin business should look like and could look like.
And they're just doing it.
They're just doing things.
It's a way to do it.
I think I saw Stoney quote tweeting the 21 cents per hour Bitcoin stacking for employees.
And he was positing, who is the turbo Bitcoin autist inside?
Exactly.
It's doing it the right way.
This is the right way to do it.
small steps, build up an SBR,
offer the ability to buy burgers at a discount with Bitcoin,
sort of incorporate it that way,
and then incentivize your employees with a long-term...
Make it every employee becomes a Bitcoin all of a sudden.
Yeah.
It's 21 cents an hour.
I also saw, I think it was Sean Yeager,
somebody ran the numbers on the...
like if you're a high schooler and you work like three years work 3000 hours or something like that
you have the best for well like two years like it could be like 30 grand it's like you work
at steak and shake as a high school job you just vest into that and then you hold it
for 10 years it'd be like 30 grand once you're out of college
yeah i mean it's it's if you work eight hours a day five days a week
it's $8.50
DCA into Bitcoin a week
which is not
nothing
I mean presumably they're not getting paid that much
I imagine they can increase
the amount
it's hard to decrease the amount after the fact
so
they start with the meme number
make sure you use the code RHR
when you go to Steak and Shake you'll get an additional
10% off
when it doesn't work at the payment terminal
make sure you talk to the person, ask them why your code RHR isn't working.
I think it's pretty cool.
Future is bright.
I mean, you mix that in too with the tallow thing, the tallow piece is awesome.
Don't tell Greg Gee that, okay?
Greg Gee is going to get a little perturbed.
They should be using Gee, he'll say.
next up we have the bitcoin park schedule on the list obviously nems is going on right now
as you may be able to tell i am not there uh the impending weather storm the current thing
uh there's too much of a risk to get stuck in nashville for what probably would be the better
part of a week i was supposed to leave saturday morning and uh couldn't find a reasonable flight
back Friday night. Yeah, we have a knack for it seems like the worst week of winter weather in
Nashville every week, every year is, is natural energy and mining summit at Bitcoin Park. But that
also adds to the aura around it because you have to have real proof of work to show up. But
Bitcoinpark.com is off schedule. This is something I've wanted for a while.
um and um jack lesser who's been working uh with us at the park he's fucking awesome
he vibe coat he vibe coded this um but yeah now you have just a single i think it came out great
now you just have a single place where you can see all the events all the activities that are
happening at both bitcoin park national and bitcoin park austin on a nice little interactive
calendar you can just easily add it to your own calendar um and i thought it was pretty cool
i've just wanted it for a while there's a lot like there's an overwhelming amount of shit that goes on
at the two bitcoin park campuses and it's good to have it in one spot
ai leading to incredible productivity i was vibe coding this morning i saw somebody post
something and I
tested it out to see if I could build it locally.
It took me 10 minutes.
Yeah.
And I'm not going to spill the alpha, but
we may have
a new way to package content coming to you
in the future.
What else do we have here?
This is a super short list.
It's like kind of a
slow week.
To be honest.
I put this here.
I didn't think it was good.
I didn't think we were going to get to it so quickly.
But did you see this post that I made on Nostar?
I didn't, but I'm looking at it now.
I mean, it's kind of wild.
Like, I think people don't.
So this is most populous cities in 2075.
like 95% of people would not get number one, right?
They would never guess. They would never guess number one.
Kinshasa.
Maybe, maybe if they live in Africa.
But yeah, number one would be, would be the Congo.
It would be Kinshasa in Congo, 83 million people.
I just think it's wild.
I was drinking with a buddy who shall go unnamed.
And he posited this question to me.
He said, okay, 2075, what are the top 10 most populous cities?
And originally what I was going to do on RHR was I was going to make you start listing the top 10 that you thought.
But you just would have been way off.
I didn't want to.
Well, I'm going to throw a wrench in there.
Yeah, go on.
I'm assuming that these projections are based off of current population numbers.
No, but the most important thing is they're based on current birth numbers.
Okay.
Did you see the side?
Are you going to put Marty Jones?
Marty Jones?
No, I actually kind of agree with that.
I saw American HODL posted about that.
The 8 billion?
Is there 8 billion?
Logan, pull it up.
Yeah, I mean, specifically, there's like a Chinese activist that says like their population is actually half of what they say there is.
Look, that third.
So Chinese dissonant claims.
Look, go to the tweet that's quoted here.
It's not that long.
It's actually three minutes.
We don't have to watch the whole video.
But yeah, she's claiming.
Don't watch it.
She just says it's 500 million people.
Under 500 million people in China.
and uh this guy bone saw md he uh he quote tweeted i just pulled this up uh after an eight billion
search on x there are not up to eight billion people living in this world laughable and
not serious belief truly yeah i can i can i can prescribe to that um but i do uh i do think there's
a shitload of people in india and i think there's a shitload of people in uh western africa and i
think their birth rates are very high. And I think they should be proud of that. But if I was a
betting man, which I happen to be, I'm not going to make a 50 year bet. But I think a lot of the
largest cities in the world will be on Western Africa, which is kind of just a crazy thought.
And I just think a lot of people don't think about it. Like you think of like the super,
you think of like the super metropolises in Asia, right?
You think of like the Tokyos, you think of the Hong Kongs or the Singapores.
You think of like Malaysia.
But West Africa, man,
West Africa is going to have some huge fucking populations.
I mean, Nigeria is the New Jersey of the world, right?
Nigeria is the New Jersey of the world, the most densely populated country.
What does that mean?
Yeah, fair.
New Jersey is the best.
Yeah, so just for the audio freaks.
So this was Maple AI, okay?
So obviously Maple AI using like known birth rates or whatever.
I just asked to project it, project 2075.
Said one is Kinshasa in Congo, 83 million.
Two is Mumbai, India, 67 million.
So I think a lot of people would get that one on the list.
Lagos, Nigeria is three with 65 million.
uh delhi delhi india 57 million bangladesh duka bangladesh 55 million i'm definitely pronouncing
all these wrong kolkata india 52 million then it goes back to africa tanzania dursos salam 49
million karachi pakistan 47 million jakarta indonesia that's also like i might have gotten
that 45 million, Nairobi, 44 million. Um, but it's just something I, it's, uh, it's interesting
from a Bitcoin perspective, right? Because we always say like low time preference, think about
it all, you know, you should be thinking in generations, not in decades. Um, we just had an,
you know, there was an HRF event that I was at a couple of weeks ago and the whole topic was
Bitcoin in 2140, right? When the mining subsidy stops, where will Bitcoin be?
It's like, well, where's the world going to be in 2140? But like, let's say 2140 is a little bit
ridiculous, right? That's 120 years from now, but 50 years from now, what are the biggest cities
going to be? I feel like it's a more tangible thought process to go down. And I think most
people would probably be misplaced in their expectations there.
I will.
This isn't me. It's some person makes a good point in the YouTube comments.
You're asking an LLM to do math, which they're.
Well, I mean, like you, I mean, do we, should we do a 50 year bet?
Do you want to do a 50 year bet?
Yeah. Just, just to give me motivation to actually survive 50 years.
make sure I keep my heart pumping.
You're going to be old as fuck.
You're going to be,
we're going to be on our deathbed and we'd be like,
pay up a hundred thousand cents.
My family doesn't have the best students along.
So I would like to make it to 80.
I mean,
you should definitely,
you should definitely take it with a grain of salt,
but I think you should probably also operate on the expectations that some of
the largest cities in the world will be in Western Africa.
Okay.
You just gotta,
you gotta take a directional analysis.
throw them in.
I mean,
Nigeria,
again,
Nigeria,
like I said,
it's the New Jersey
of the world,
most densely populated
state.
That makes sense
to me.
Country,
excuse me.
What do I want
to bring up?
Oh,
mention,
if you're on
X,
this is streaming
through the 1031
account.
We've replied to
that tweet with a
giveaway for
a cold card
kill.
I want to go
retweet that.
Get a free kill.
Great machine.
Make sure you use the code RHR if you don't win.
Go pick one up.
It really is the best.
There is no second best.
What else is going on?
What is your opinion on the New York Stock Exchange tokenizing stock?
i felt like the population in nigeria was more relevant to bitcoin than uh
than this story item which is why i wasn't on the list but but someone asked about in the comments so
what's your opinion uh again my opinion on july 16th 2025 logan you can pull it up
put it in the chat here noise of the cycle is going to be stable queen fervor real world
real world asset tokenization and a resurgence of blockchaining all the things.
And so, yeah, I think this hits one of those three noise factors
that I pointed out in the middle of July of last year,
real world asset tokenization.
Yeah, I mean, look, the problem with real world assets,
anything that is, quote unquote,
a token tied to something that has real world value,
it's not a native bearer instrument you need a trusted third party to rely on to actually being
you know maintaining the peg of your token to whatever the real world asset is
and the bitcoin fixes that that's what bitcoin replaces like the key one of the one of the key
innovations of bitcoin is that bitcoin the unit is actually a native bearer token like you do not
you do not require a trusted third party to use it and to hold it and for it to accrue value over
time. Real world assets obviously break that. And predecessors to Bitcoin, like Chom and eCash,
relied on basically this real world asset concept, right? It was like a bank was holding dollars for
you. And then you were able to use Chom and eCash. But at the end of the day, you had to trust banks
to actually hold the dollars for you, which defeated the whole purpose. Now, there is some
use cases where I think real world assets could be helpful, right? And specifically,
let's use an example. We'll use Tether Gold as an example. With Tether Gold, you are trusting
Tether. You are implicitly trusting Tether that they're holding gold in a bank vault somewhere.
But if you accept that trust, then you can send Tether Gold around the world.
You can buy burgers with it.
You can send it to friends and family.
You don't have to trust putting gold in the mail or whatever.
And you get some additional utility on top of the gold in return for that trust.
Now this NYSE announcement of tokenizing stocks or whatever they don even include that part So not only are you trusting the New York Stock Exchange to maintain the peg that your Apple stock is actually what the token is right
Like if you have tokenized Apple stock,
who is actually holding the Apple shares?
And how do you know that there's actually Apple shares there?
But like you can't send it to a rival exchange
and trade on the rival exchange or something, right?
So like there is, I think there's a small piece there
that actually could be helpful to people that are already going to be trading equities, right?
Like if you're already trading stocks, if you did have a token equivalent that you could transfer between computing exchanges and like move around maybe easier,
then there's a significant improvement over like the status quo, centralized ledgers or whatever that are being used.
But this is not even including that aspect.
They're just saying it's tokenized and you're still stuck in their centralized wall gardens.
Yeah.
And I agree with you to the extent that there is – I do believe there is potential for these to have massive benefits compared to the status quo.
But the way that real-world asset tokenization is being pitched, it's like you miss Bitcoin and you can get in on real-world assets.
It's like, no, like, yes, there are some efficiencies and user experience gains that are made, but it's still nowhere in the ballpark or the realm of future return potential.
Like the way to make money off is like you're still going to be buying stocks at the end of the day and you're buying stocks to benefit from the cash flows and profitability of those individual companies.
You're still sort of beholden to the management and execution of those individual companies.
Yes, being able to buy that stock and send that stock in a way that has a better UX.
Yeah, it does.
It's certainly better than the status quo, but it's not like a step function improvement.
It's going to lead to a crazy increase in your stock portfolio because it exists.
Bitcoin. Yeah, I mean, I think it's, there's a couple of pieces here, right? Because
so like right now, like you buy Tesla and you just like, you open up the Schwab app,
right? And you buy a couple of shares of Tesla, right? Let's say they tokenized it, right? They
tokenized the Tesla shares. And then, so I'm buying a token in Schwab instead. If I could easily send
that to Robinhood, I think that is actually an incremental benefit to the shareholder in question.
Right. Like I can just easily, I don't have to call someone up. I just literally just like paste,
you know, a, a, some kind of crypto address into, into Schwab and it just sends to my Robinhood
account and then I can trade their incremental benefit. Okay. I think there's, there's some
advantage there. That's not what they announced. Like that is not the benefit. Now you could go a
step further, and I think it would be even more significant benefit if I could then
quote-unquote self-custody that, which by the way is different than Bitcoin self-custody because
Bitcoin self-custody you can actually hold without trusting a third party. This year is still
trusting the third party. You can hold the keys to Tether, but you're not really self-custodying
it in the way Bitcoin is because at the end of the day, Tether could just freeze your account.
but still if you could pull self custody and hold it yourself and then trade on like a no kyc p2p
exchange or tesla shares that all of a sudden becomes you know a a massive benefit to users
and they're never they're never going to allow that allow you to trade with no kyc not knowing
your counterparty and just transfer like uh they're trying to do this tokenized equities around
they're never going to let you do that but that would probably be that would be a significant
benefit over the status quo. I mean, this was always the view with Liquid, right? I think you
can, I mean, they're not these. No, so Liquid is a perfect example of this because Liquid
invented a protocol for KYC tokenized assets. So if you want to like trade the different equities
that are on Liquid, you have to do full KYC and your counterpart has to do full KYC and they track
who gets it. So you're like using it kind of P2P, but the chain of custody is tracked pretty hard.
yeah but you'd be able to like you'd be able to quote unquote custody or tesla stock in an
aqua wallet or something like that if they were to enable the features yeah yeah yeah which i don't
think is like the hugest benefit the the more the bigger benefit is being able to move between
brokerages or being able to do some kind of p2p stuff yeah but again like this stuff like like we
said my sc is not even doing it the right way so it's a nothing burger and even if the my sc the
texas stock exchange is getting launched nasdaq whatever it may be decided to do it the right way
again we've been through this before if you go and you look at what they're essentially replacing is
the dtcc at the end of the day with this infrastructure and if you look at the revenue
of the dtcc i think the last snoo they had out there was in 2023 it was something like three
billion dollars so like the total addressable market for extracting value by innovating in the
space is minimal i believe it could be wrong but just looking at the comps to this particular
function it's like it's pretty boring and there's not like great ways to extract value from it but
and it's being pitched that way so there's a bunch of institutional investors who want to ride a
crypto wave um and again bring it back to my point like bitcoin's tam moving forward even at a 1.8
trillion dollar market cap is there's way more upside potential for individual and institutional
investors alike so i mean i think it could like i don't pretend to understand exactly how all their
back-end system works like what they really wanted to cross collateralize all this stuff
to take out loans.
It's like really
the funding
of a lending product
at the end of the day.
Yeah, I mean,
I think they can,
the backend stuff
is just so outdated.
You know,
like I'm sure
whatever they're doing,
I mean, I'm not sure.
I don't fucking know.
But there's lots
of improvements
that can be made
that might use
like a centralized ledger
and then the tokenized aspect
is like their press release
or whatever.
And they significantly
improve the counterparty risk scenarios
of whatever they're doing behind the scenes.
Between the
wiring house, the broker dealers,
and the DTCC. That's a whole shit show
behind the scenes. Yeah, but don't buy
Chainlink because of this or whatever.
You're not going to accrue any
value there. And don't be sold
this idea that it's improving
shareholder freedom or
whatever, because it's not.
The actual shareholder experience isn't really changing.
You know what is changing?
the total amount of zaps we're getting this episode silent.link 42 000 sats rhr forever
thank you silent link soap miner 21 000 stubborn bastard going to keep trying this till it goes
through it went through buddy thank you hope you're feeling go to silent go to silent.link
use code rhm i don't think he actually has a code but uh i use it for my esim it's a great way
we were talking actually i thought about after the fact we were talking about uh which cell
provider had an outage in the united states last week was it verizon or cheap mobile one of the
cool things about silent.link is so you pay you get a btc pay invoice you pay it you get an e-sim
that you download to your phone so instead of the physical sim card you have this digital sim that
just automatically loads onto your phone. Now, all of a sudden you have data, right? It's prepaid
data. Depending on the carrier you choose, the data changes cost. And depending on the country,
you have different carriers to choose from. And then as you run out, you keep refilling it by
just opening up a BTC pay invoice. Fantastic. Really just clean user experience, great service,
reliable. But one of the really underrated aspects of it is you can choose your carrier on the fly.
So like you could be, you could be using T-Mobile because it's the cheapest and maybe has the best coverage in your area. If T-Mobile goes down, you can literally just open your phone and switch to Verizon or switch to AT&T. Like that is fucking awesome. So in these types of situations, like if you're worried about one of the carriers going down, Silentlink is actually a really great option for you.
and I've seen this by the way it's not even just the carriers go down I think I've talked about in
RHR in the past but you go to like if you go to like an NFL game like in the stadium like the cell
tower can be overloaded but sometimes it's just if the majority of people there have Verizon or
whatever the Verizon tower is overloaded you just switch to T-Mobile and then you have really great
reception you switch to AT&T and you have just like really great bandwidth so it's just a good
life hack it works really well recommend yeah the phones have made it very easy to
sort of buy these eat sims and turn them on super simple um i cut you off did soap miner
so myers app does it so minor did he figured out his app great company as well hands were sopy
he does have a rh code so go use it there just always try code rhr yeah everywhere
Bitcoin Ranger, try it on your taxes.
We might actually be able to give you 10% off your taxes this year through the IRS portal.
Put it in.
Bitcoin Ranger is at 21,000 sats.
First ever Bitcoin treasure hunt happening in Buena Vista, Colorado next Saturday.
One, people receive a small amount of Bitcoin.
Two, people spend the Bitcoin at businesses who have agreed to participate.
Three, spending Bitcoin at each business unlocks clues that lead to the Bitcoin treasure.
Oh, that's fun.
Supporting businesses and getting Bitcoin into the hands of as many people as possible.
We'll open source and continue to build.
It does sound fun.
Hopefully it's just like a bunch of small breweries.
You just make it like a bar hop.
Bitcoin treasure hunt.
John Arnold.
I like that concept.
It was a cool concept.
Thank you for your disrespectful zap.
What was the zap? I missed it.
Oh.
210 sets. Don't spend
it all in one place. Wow, fuck you.
I even gave him a friendly
shout out earlier in the episode.
I mean, he's drawing red lines.
Drawing red lines.
People keep asking me to share the deck
to this Bitcoin 101 lesson. I'm actually embarrassed
to show it because I'm terrible
at designing slideshows. It's just a bunch
picture of currencies that have existed throughout history and some federal reserve to the monetary
base when we would do um baruch it was we had a like the bitcoin 101 slide with both of her names
and then like then we would just open a web browser it's just gonna
it wasn't even a slide deck it was just we would just go from website to website
what are you um i'll tell you after i'll tell you after okay fair enough
what about i mean i think no one's asked you the real questions like
you're speaking at your rival high school what about like the non-rival like your actual high
school my alma mater the uh place where it was where i was educated uh yeah i'm talking to people
I'm going to get in there too.
My mom's like distraught.
She's like,
have you not spoke at your alma mater yet?
I mean,
it's pretty shameful.
To this day,
my mother is more,
is more,
is more caught up in the mix of the rivalry
than my brother and I are these days.
Fair enough.
So she,
she takes,
she's taking offense to the fact that I've,
I've spoken at my rival three times
and I haven't been back to my alma mater.
Yeah.
I mean,
I think it,
it should be shameful.
It's not without effort.
I've offered the services,
but I think admittedly I'm not getting to the right people.
I just need to put in more effort on my end.
I think my hair is turning gray.
This is a big moment for the show.
Yeah.
It's that gold chart.
Oh, gosh.
Yeah.
All right.
What do we got?
anything anything else anything in the monster any questions from let's look we got questions
from the youtube that we got it we have to read uh shout outs before we wrap that's for sure
um and also i noticed someone um oh someone's at 21 000 sats on our announcement
of our time and he said great job chief white 21 000 sats thank you sir all right and timely
We didn't have it in the notes because it wasn't released yet, but the Financial Freedom Report for this week was just released, and we were asking questions about Iran, and they have a section on Iran.
Freedom tech surges amid historic protests.
As historic protests grip Iran, people are turning to freedom technologies to communicate, organize, and protect themselves from authoritarian repression.
downloads of the offline messaging app bitchat which enables peer-to-peer communication without
internet connection have more than tripled in iran as people seek ways to circumvent the regime's
internet shutdown at the same time iranians are moving bitcoin off exchanges and its self-custodial
wallets with a sharp spike in withdrawals concurrent with late 2025 protests in the
january 26 internet blackout according to reports from chain analysis this come as this comes as the
iranian regime imposes a virtual lockdown following weeks of mass protests against currency collapse
and the state corruption that began on December 28th.
Human rights groups estimate that several thousand people were killed
and more than 20,000 detained.
In context, the Iranian regime is pairing financial collapse
with total security control, internet blackouts,
mass surveillance of phones, and militarized policing
aimed at deterring protests through fear.
It underscores that the uprising has not merely been suppressed.
It has forced the state to expose how fragile its grip
on the Iranian people has become.
so that's an update on iran for more stories like this and others make sure you sign up for
the financial freedom report at financialfreedomreport.org it's not org right it's not
yeah it's not.org it's not.com yep um top sats from rabbit hole recap 392 approaching 400 feds
first fed uh evan 44,444 sats thanks to everyone who supported our push for self-custody rights
in the breath in the nebraska's legislator the banking committee chair killed it immediately
because cartels hate competition also mark team mark twain used the term suck eggs and the
adventures of tom sawyer 1876 so it's not just a zoomer thing boomer reference big love from the
podcasting 2.0 crowd this week bitcoin hurler 35,053 sats palindrome boost hey marty new year
knew you quit going on about that lacrosse injury check out hurling youtube 2025 all ireland hurling
final highlights men's game amateurs love of parish soon citadel next time you are in ireland
you can play a game on my team make your boys proud uh bitcoin hurler i mean i love watching
hurler highlights by the way number two i haven't complained about my lacrosse injury in probably
of years. Yeah, I got a concussion.
I don't bring it up that often. Did you complain about it
last week?
No, I didn't.
I don't recall. I've had six concussions.
I don't know.
Yeah.
I wouldn't
be afraid to play hurling. The other
injury, which was a basketball injury, which happened
after my lacrosse injury, I tore all the ligaments
in my left knee. I don't have any ligaments in my left knee.
I can't really
no lateral movement
in the left knee.
Can't ski.
Can't do anything.
He's like a hippo freak.
If he's chasing, you've got to zigzag.
Break his ankles.
I won't be able to catch you.
An African told me that,
but the hippo, they can run super fast.
I can get up to 50 miles an hour.
You've got to break their ankles.
They can't turn, though.
You've got to break their ankles.
You've got to keep zigzagging.
Same with gators.
Maybe next week
we should just
forget Bitcoin news. We'll just
play Irish hurling
and we'll just commentate.
We could just
bring a six back.
Live reactions
to Irish hurling. I'm down.
I'm down for that.
Orange Horizon.
On the suck eggs piece
apparently my
My wife told me that while my toddler was watching RHR,
he was very excited that I was promoting eggs for people to eat.
Very pro-eggs.
So I just needed to reiterate, eggs are a superfood.
They are.
Stack some chickens, and then you have infinite superfood.
I had some superfood this morning, every morning.
At least a couple eggs.
Orange Horizon, 21,000 sats.
Kind of late to the game, but better late than never.
By the time this is read out on the next show and after receiving much grief, we will be offering discount code RHR at the Orange Horizon web store.
Do you see the monster you've created, guys?
I do, and I love it.
Instead of slapping toxic slop all over your body, check out our natural sunblock option, which comes in light, medium, and dark skin tints.
We are Nostrum Bitcoin-only business and proud to serve you as a personal request.
can we have a bit more marty jones next episode that's why i got more marty jones there's not
eight billion people on the planet stop suppressing your all three ago let them
let them have some air time again orange horizon sunblock natural use the code rh
orange horizon next time you zap boost whatever make sure you leave a url i have no idea where
to send people.
Just use code RHR.
Maybe it's orangehorizon.com.
Have you tried that?
You don't even have it
on your profile description
on Nostra.
This is terrible marketing.
It's not orangehorizon.com.
So Marty,
how many people do you think
there actually are
if it's not 8 billion?
Maybe half.
So how many Americans
do you think there are?
Are we,
is that also
that's probably
because what is it is the official number 330 million adults
330 is really 40 somewhere around there how many americans 348 million people is what they say in
the u.s yeah it seems like everybody's been coming here so that number could be accurate
i don't know i mean it it lines up with by the way the conversation we were having about like
people calculating
Venezuela oil reserves
and then realizing like it's just a completely
trusted number based off of Maduro's regime
and before that
Chavez and
they have a
incredible incentive to over
overestimate that number which I would say
China and India definitely have an incentive to
overestimate that number
but I would also say I mean India specifically
probably has no idea how many people they have
like even if you ask Modi like he
probably doesn't know. Yeah well
Well, and if you think about the electoral college and districting and how it works in the United States,
there is an incentive for people to juice numbers in particular parts of the country for political reasons,
to get more representatives on the Hill.
Yeah, probably everyone has an incentive to juice numbers on that.
Yeah.
I mean, I also remember as a young kid, one of the original psyops was –
Over population.
Everything was a symptom of the over population, quote unquote, issue.
So there's an incentive there.
Yeah.
No, no.
250.
That's what we have in America.
Oh, no.
Really?
But what about all the illegals that aren't counted in the 350?
They're all going back, brother.
we're getting back down to 250 i don't know yeah maybe maybe we're actually at about 350 because
it's overestimated and then but then doesn't include illegals yeah so then it just kind of
washes itself i mean i think the smaller the country probably the harder it is to fake at scale
right and i think most you do you do agree that china and india are the most populous countries
right
like we think
that's directionally
correct
I think it's
directionally correct
yeah
yeah I mean
I think
you can like
India
India supposedly
there's like pictures
of like Indian cities
like there's a lot
of fucking people there
yeah just the trains
alone of like
pictures of people
hanging off the trains
it's like yeah
there's a lot of people
there
yeah that a fun it a fun thought exercise to run down I don know like maybe like 5 billion people not 8 4 and a half or something I mean if we just extrapolate
the Chinese
dissident
she's saying there's one third of the people that are reported
to be there
I don't think there's one third of the people
global population
I was joking
I do think the American
numbers are probably around right
I mean, she's probably also over, she's probably being provocative too, right?
Like it's probably more than 500 million Chinese.
Yeah, 5 billion.
Probably like a happy, there's like a happy middle ground somewhere there.
I mean, the real metric to look at is, why is this not loading?
well you're uh waiting for that to load shout out to esme horn 21 000 sats thank you thank you
and sean 21 000 sats great rep thank you sean glad you're liking it i mean the real metric is
i just pulled up our youtube like we only have 37 thumbs ups on this video so like yeah
Where are the other 7 billion people?
It just the numbers don line up No wonder engagement been down We just signed a syndication deal at Reuters We should be live streaming in everybody house now
Part of that deal is that they would automatically like the video
on behalf of the people watching.
Anyway, this is bullish for Nostro numbers
if there's significantly less people.
They're not as bad as we thought they were.
Yeah.
They're not that bad at all.
We're going to win.
Future is bright.
Something just dropped in the back of Matt's background.
I dropped an Allen key.
An Allen key?
It's an Allen wrench, right?
You call it an Allen key?
Yeah, I guess.
I don't know.
I can't find it now.
It's just like one of those L things.
What do you call those?
An Allen wrench.
Right.
This isn't me.
it's some person great comments this week sir or lady used to fear monger we used to fear monger
overpopulation now we're fear mongering underpopulation the truth may be somewhere
in the middle we're doing just fine and control what you can control go have kids that's what you
can control oh yeah i had someone yeah i had someone so i posted the city thing with no comment i like posting these things with no comment because then it like a rorschach test so like I kind of got what I deserved I like kind of expected it but there was like a bunch of people on Noster that were like Oh like he like pitching great replacement theory
Like, no, no, no. Just have more babies. Like I, I support Nigerians having babies. I support
Danish people having babies. I support Americans having babies, have more babies,
consider having more babies it's it's it's it's a beautiful exhausting experience yeah i can hear
i can hear my baby crying in the background brings a nice little tickle to my heart okay it's down
there um all right i gotta get going i'm gonna do something at the top of the hour i'm gonna refill
my my salt of the earth look and pull up the uh the new skin shout out to all of our sponsors here
coin kite obscura saw the earth and stack go check them out thank you for supporting the show
you can get a free kill good retweet the thing when you know you can't get it right every time
we're gonna do more you want me to do it again yeah do it again love you all happy birthday
style stay on the stack sides peace and love happy birthday style