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sets stackwork.ai matt and i've been talking about privacy and the importance of using a vpn for

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seven years now literally seven years i believe at least once every episode or two it's like hey

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Make sure you're running a VPN.

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I think it's especially important today

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where you have governments in the UK,

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other parts of Europe, all across the world,

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really trying to introduce digital ID

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and curbing speech with hate speech laws.

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Make sure you're protecting your privacy

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and shielding yourself from government surveillance

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as you're perusing the web.

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Our VPN of choice here at RHR is Obscura.

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It's built by a Bitcoiner for Bitcoiners.

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Carl Dung did some very critical work for Bitcoin

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back in the day,

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but he decided to shift his focus

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to bring privacy to everybody with Obscura.

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It is a VPN that cannot log.

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Literally, by the way, it's designed.

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A lot of VPNs will hand ways,

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say we're not logging, we're not logging.

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You can't trust them.

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You want the VPN that cannot log.

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That is Obscura.

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Go to Obscura.net.

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Use the code RHR for 25% off

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when you sign up any of their deals.

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Make sure you're using it,

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particularly if you're in one of these countries

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where the governments are becoming

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extremely censorious and targeting

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citizens that exhibit wrong think

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you should be running a VPN.

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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 sponsor here

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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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packets up in a day you got to stay hydrated that's why my face looks so good so i'm getting

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buff i'm able to get to the gym more because i'm hydrated matt he's looking incredible i'm sure

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you've all noticed it you want to know why salt of the earth baby go to drinksauté.com use the

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Code RHR.

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You're going to get 15% off.

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I'm dead serious.

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It has made my life way better.

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My wife, she's right behind me right now laughing, 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, maybe seven a day too.

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Matt, I don't even want to tell you how much he's drinking.

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It's good.

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It keeps you hydrated.

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It keeps you alert.

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It keeps you ready to go.

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Drink Sote.com.

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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 has 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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Food doggy.

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We're giving Squawk Box a break this week.

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Becky, Andrew Ross Sorkin, don't worry.

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We're not competing with you this week.

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Also, freaks, hand up.

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I'm pretty proud of the amount of world travel I've been able to do in my lifetime.

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but jet lag hits different with the toddler.

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So sorry,

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I did not warn you guys when we were going live.

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I'm still,

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we got it.

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We got it late last night.

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I'm still a little bit out of it,

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but we'll get back into the swing of things starting next week.

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On behalf of freaks everywhere,

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you are forgiven.

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No need to apologize,

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sir.

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Don't worry about it.

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Dude.

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I will say flights wise,

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like it worked out better than I

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I think it's really impossible to

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complain

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yeah I was worried for you guys there for a second

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yeah I mean

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the freaks don't know

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well if you've been reading

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between the lines they might know but

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we were fortunate

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enough to have a second child

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as well so

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we were traveling the four of us

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and so it was more than just one

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which we had done with

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him in the past um but yeah they handled the flights well i uh lot of uh i was proud i was

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proud of my wife and i was proud of of uh my kids it's not fun traveling internationally with kids

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i've done it i've had good experiences have had bad experiences and i'm very

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happy to hear that your most recent experience was a good one

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freaks travel more while you can i think it's going to get harder not easier any uh

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diary entries from traversing europe you want to share with the uh dude switzerland's good

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switzerland's you know maybe switzerland i don't know if you can believe everything you read on

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the internet but maybe switzerland is like the last stand of europe um it still felt like europe

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It didn't feel like failed society stuff.

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That's ridiculous.

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Lugano is awesome.

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Lugano is so cool.

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It's like 300 plus stores except Bitcoin.

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That's awesome.

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It just feels like you're living in the future.

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Tons of bars, burger places, restaurants.

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And like I said, merchants in general, stores.

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boutiques everywhere except spit coin is super cool and it's a beautiful place very it feels very safe

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um so but i will say switzerland guys is very expensive both zurich and lugano i thought it

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was maybe just a lugano thing but zurich was quite expensive too yeah zook is uh famously

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expensive. I'll never forget when I

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back in my TradFi

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days when I was working at the Managed Future Fund

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we

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had a manager come in

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from Switzerland and he literally took out a diamond

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and crossed it a pen to take notes during our meeting.

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I was like 22 at the time.

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I was like holy shit bro.

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What is that?

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It's super expensive.

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And I will say also

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first time at the Plan B conference

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and the freaks that have been

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paying attention for a while now that uh getting a bit tired of events but uh

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this is a good one this is a really good event they did a really good job um

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best in class i was i was really impressed vibes are high speakers are good all the

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side events and stuff stuff like food you know food and drink as someone who has has

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unfortunately run many events myself like it was just flawless execution it was it was really

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impressive um the drone show was pretty cool yeah i mean that must have been a half they no one

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would give me a hard answer but like a half a million dollar drone show like how many drones

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were involved i think that was expensive there were some sick memes that they were putting in

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the sky there i think that was expensive um i mean i think you know tether probably was not

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running it to make a profit which helped um they're plenty profitable in their main business

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but i think that was a really that was a really cool fucking joy seeing it in person was

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fucking awesome i can't imagine i was thinking like and it was just all bitcoin memes um

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like imagine just being like an ordinary swiss person like living in lugano

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just like you're like sitting on your porch like what the hell's going on over the lake over there

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why are there pepe the frogs in the air right now why am i looking at an iq bell curve meme

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uh the fomo was building as the week was going on from afar it looked like a very well

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organized and high production conference.

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How was the startup pitch?

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Oh, Cypher Tank.

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It went well.

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It went well.

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I'm not allowed to say anything about it until it's live.

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But I guess it's going to get posted to Rumble in December.

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Very high production quality.

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They seem to be taking it very seriously.

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So it's cool to see young people just really excited about building on Bitcoin.

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That by far was the best part to me.

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And just really, you know, it was a fun experience.

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Next year.

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Next year.

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I want to make it to Lugano.

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You heard it here first.

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October 30th, year of our Lord, 2025.

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2.27 p.m. Eastern.

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It's a Thursday.

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moving over to the Noster live chat we've got two 21,000 sap boosts first from Chef Tommy

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we chef we traveling with children internationally two times a year and it never gets easier

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laughing emoji god bless you we want to have we want to well two things first of all

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uh we want to have more kids so um whenever it was difficult i just reminded myself that

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it only gets more difficult uh so that that helped a bit and then nvk gave my wife and i probably

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uh one of the single best pieces of advice uh that he's ever given me uh a year ago or so maybe

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it was like a year and a half ago and he was like look if you're on the plane anyone who's a parent

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completely understands they have their noise cancelling headphones and they're just glad

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they're not in your position and he's like and then anyone without kids is completely worthless

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in society so they don't really matter when you were setting that up i was thinking go one or two

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ways he gave you the best or worst advice ever i was i was sort of hoping it was gonna be the worst

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advice he's telling you to walk up the aisles with your kids the whole flight i mean like if

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you don't have kids i don't think you're worthless to society he's he's you know obviously always

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been a very provocative individual um but uh there of course there's bad parents out there

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but there's very few parents that are sitting there and are in a better situation than you

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they're trying to calm down their kid they're like trying to make it work out they're stuck

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in a steel tube there's no escape it's not like a restaurant where they can leave walk out with the

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kid um and uh like the airlines like they even like if you're not traveling with a kid they just

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treat you like cattle right it's like the whole process is like an absolute horrible process

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um and there's no like happy path that they give families like i how is there not if there was if

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If it wasn't this heavily regulated bullshit market, if it was an actual free market, I can't help but think that we would have a more positive family environment.

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You can imagine, put a family section on planes or something that is separated from people that have sound barriers.

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I bet you they can't put barriers up because of safety regulations.

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well if the plane crashes like you're all gonna fucking die anyway like don't give me just put a

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separate exit back there might as well let the childless people have some peace before they die

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by putting the barrier yeah you know yeah put a sound and and also just like a like a physical

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running barrier like i don't know about like my toddler like if i closed my eyes for like two

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seconds he was going to try and make a fucking run for it be down the plane um we kept our second

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child in a car seat on a plane for as long as possible until he was physically too big yeah we

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didn't do the car seat thing that's also the funny thing it's like so like at his age now

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he has his own seat and on one of the flights there was like there's like six flights right

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on one of the flights you know he really wanted to he loves looking out the window he loves planes

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and stuff like refused to stay seated so i put him in my lap and i was just like bear hugging him

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You know, I was like a human straitjacket.

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And the stewardess was like, no, FAA regulation says he has to be in his seat with the seatbelt on.

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I was like, well, there's no way that's safer.

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Like, we're all just turning, you know, turning a blind eye here.

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Like, I got my seatbelt on.

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I'll hold on to him if we're crashing.

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But, you know, their hands are tied in a heavily litigious environment.

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And then meanwhile, all the super rich people are like flying on their private planes and shit.

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So they're never there's no incentive to fix it.

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like they don't have to deal with that.

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Yeah.

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We just have to get super rich and then we can just ignore the problem.

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Yeah,

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exactly.

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Then we'll just,

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it's like,

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uh,

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what,

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uh,

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when I was younger,

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like the drinking age,

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it was like,

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Oh,

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they like sentence you to,

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as an adult,

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they can send you off in the draft,

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but you can't drink.

239
00:14:48,980 --> 00:14:49,400
But I was like,

240
00:14:49,420 --> 00:14:51,060
it's one of my single biggest issues.

241
00:14:51,060 --> 00:14:52,180
And then as soon as you turn 21,

242
00:14:52,280 --> 00:14:52,520
you're like,

243
00:14:52,560 --> 00:14:52,740
ah,

244
00:14:52,760 --> 00:14:53,080
fuck them.

245
00:14:53,160 --> 00:14:53,820
I dealt with it.

246
00:14:54,460 --> 00:14:54,620
Yeah.

247
00:14:55,260 --> 00:14:55,460
Go,

248
00:14:55,460 --> 00:14:56,700
go have fun in the woods kids.

249
00:14:56,820 --> 00:14:57,460
I had to do it too.

250
00:15:00,380 --> 00:15:00,780
No,

251
00:15:00,940 --> 00:15:01,700
you're mentioning,

252
00:15:01,980 --> 00:15:02,720
I will say though,

253
00:15:02,720 --> 00:15:03,500
earlier this year,

254
00:15:04,300 --> 00:15:04,680
uh,

255
00:15:04,780 --> 00:15:05,340
Costa Rica,

256
00:15:05,900 --> 00:15:10,040
the airport in San Juan or no Liberia.

257
00:15:10,180 --> 00:15:11,560
That's where we flew in and out Liberia.

258
00:15:12,380 --> 00:15:15,100
Incredible service for families.

259
00:15:15,180 --> 00:15:16,220
Like we walked in,

260
00:15:16,320 --> 00:15:17,540
there was a long security line.

261
00:15:18,160 --> 00:15:20,880
Somebody notices myself,

262
00:15:21,000 --> 00:15:23,500
my wife and our two children at the time.

263
00:15:23,500 --> 00:15:24,760
And they came in like,

264
00:15:24,820 --> 00:15:25,000
all right,

265
00:15:25,000 --> 00:15:26,060
you guys get to the front of the line,

266
00:15:26,300 --> 00:15:27,460
like walked us to the front of the line,

267
00:15:27,560 --> 00:15:29,200
got us through security in like five minutes.

268
00:15:29,240 --> 00:15:29,660
It was great.

269
00:15:30,260 --> 00:15:30,800
Where was that?

270
00:15:31,620 --> 00:15:42,122
Costa Rica Yeah All the all the other cultures tend to do it better on the family side And that benefits everybody

271
00:15:43,202 --> 00:15:46,022
You also don't want the kids stuck in a long security line.

272
00:15:46,362 --> 00:15:49,102
If you're standing there, everyone's going to have to deal with it.

273
00:15:49,502 --> 00:15:52,122
On the back half of that flight, the destination, Dallas,

274
00:15:52,202 --> 00:15:54,222
are connecting going back to Austin.

275
00:15:54,642 --> 00:15:56,762
We waited in customs for an hour and a half

276
00:15:56,762 --> 00:16:00,402
and then waiting in security line to get back in the airport another hour.

277
00:16:00,542 --> 00:16:01,482
It was pure torture.

278
00:16:01,702 --> 00:16:02,342
for everybody.

279
00:16:05,502 --> 00:16:05,702
I,

280
00:16:06,042 --> 00:16:07,682
by standards.

281
00:16:08,522 --> 00:16:08,982
Yeah.

282
00:16:09,002 --> 00:16:11,122
One of the TSA checks I walked through,

283
00:16:11,122 --> 00:16:11,702
uh,

284
00:16:12,902 --> 00:16:15,462
this is just such a funny start of this episode.

285
00:16:15,902 --> 00:16:16,562
But anyway,

286
00:16:16,562 --> 00:16:19,822
one of the TSA checks I walked through with my son and,

287
00:16:19,822 --> 00:16:20,202
uh,

288
00:16:20,202 --> 00:16:22,542
we supposedly rang the random check or whatever.

289
00:16:23,262 --> 00:16:24,422
And so he's like,

290
00:16:24,762 --> 00:16:25,522
you know,

291
00:16:25,522 --> 00:16:26,222
they got like the,

292
00:16:26,222 --> 00:16:27,942
uh,

293
00:16:28,562 --> 00:16:28,982
wand,

294
00:16:29,122 --> 00:16:29,562
uh,

295
00:16:29,762 --> 00:16:30,362
the wand,

296
00:16:30,462 --> 00:16:30,582
the,

297
00:16:30,582 --> 00:16:36,102
the bomb wand thing that they like wand all over to test or whatever they're doing like my son's

298
00:16:36,102 --> 00:16:40,862
hands his feet he's got his little backpack like they're doing his backpack like are you kidding

299
00:16:40,862 --> 00:16:46,802
me like okay this is this is the priority got it whatever he handled it well but it was just

300
00:16:46,802 --> 00:16:54,342
hilarious it's like wanding his shoes well i found it out this weekend tsa we don't have to take our

301
00:16:54,342 --> 00:17:00,722
shoes off anymore security but if you're wearing cowboy boots uh they automatically get like seen

302
00:17:00,722 --> 00:17:04,842
in the fucking body scan thing and you have to take them out i had to do this twice last weekend

303
00:17:04,842 --> 00:17:10,222
it was not fun we need to get rid of how did the government shut down not shut down the tsa for a

304
00:17:10,222 --> 00:17:14,822
period of time we just need to experience that for like literally one week just american citizens

305
00:17:14,822 --> 00:17:18,842
experience the TSA not existing for a week.

306
00:17:19,822 --> 00:17:24,502
And I think they would be shut down rather quickly.

307
00:17:25,602 --> 00:17:28,402
Well, that's the thing is like the rich people don't have to go through the TSA.

308
00:17:28,662 --> 00:17:30,302
Private airports don't have TSA.

309
00:17:31,782 --> 00:17:34,122
I see yellow in the YouTube comments.

310
00:17:35,042 --> 00:17:39,082
Yeah, that was another yellow performed live in Lugano, which was cool.

311
00:17:41,662 --> 00:17:43,502
What's the public look like performing live?

312
00:17:43,502 --> 00:17:45,522
I didn't get to meet him in person.

313
00:17:48,442 --> 00:17:50,662
He was literally on stage.

314
00:17:50,742 --> 00:17:53,162
He was just wearing a mask for OPSEC reasons.

315
00:17:55,562 --> 00:17:57,542
He's not a big fluffy yellow person.

316
00:17:57,542 --> 00:17:58,562
He's an actual person.

317
00:17:59,162 --> 00:18:00,542
Oh, I never knew that.

318
00:18:01,702 --> 00:18:02,342
That's interesting.

319
00:18:02,922 --> 00:18:03,402
Spoiler.

320
00:18:06,342 --> 00:18:07,842
Soapminer's at 21,000 stats.

321
00:18:07,922 --> 00:18:08,502
What's up, freaks?

322
00:18:08,682 --> 00:18:11,362
Can't stay as other obligations.

323
00:18:11,742 --> 00:18:12,482
We'll watch later,

324
00:18:12,482 --> 00:18:15,442
but wanted to zap the live shows at these guys, they provide value.

325
00:18:15,582 --> 00:18:16,002
Thank you.

326
00:18:16,102 --> 00:18:16,422
So much.

327
00:18:17,582 --> 00:18:19,082
Use your product earlier today.

328
00:18:19,542 --> 00:18:20,242
Use it every day.

329
00:18:21,542 --> 00:18:26,562
I see, um, I see buck 52,000 or whatever,

330
00:18:26,682 --> 00:18:30,342
complaining about kids and restaurants, resorts, airplanes, yada, yada, yada.

331
00:18:30,642 --> 00:18:33,102
Look, I, once again, I, I, they're probably,

332
00:18:33,242 --> 00:18:34,822
there definitely are bad parents out there.

333
00:18:34,862 --> 00:18:35,962
I just think they're a minority.

334
00:18:36,802 --> 00:18:39,982
Um, I also think, you know, in terms of free market stuff,

335
00:18:39,982 --> 00:18:41,762
while there should be family focused stuff,

336
00:18:41,762 --> 00:18:50,162
There should also be, you know, I'm surprised that there are an actual market dynamics for, you know, kid free airlines.

337
00:18:50,322 --> 00:18:51,562
There's kid free cruises.

338
00:18:51,702 --> 00:18:52,842
There's kid free resorts.

339
00:18:53,202 --> 00:18:55,422
There's plenty of restaurants that don't allow children.

340
00:18:55,862 --> 00:18:59,642
I hate being near your children in restaurants, resorts and airplanes.

341
00:18:59,822 --> 00:19:00,962
Buck 52,000.

342
00:19:02,662 --> 00:19:03,722
Find a heart, sir.

343
00:19:04,062 --> 00:19:04,662
Find a heart.

344
00:19:05,362 --> 00:19:06,202
You were a kid once.

345
00:19:06,202 --> 00:19:11,702
But still, once again, like I said, there should be like I'm I'm a free market guy.

346
00:19:11,762 --> 00:19:15,182
Like there, there's a hundred, a hundred percent should be options there.

347
00:19:16,442 --> 00:19:17,542
There's just something,

348
00:19:18,202 --> 00:19:24,922
there's just something very wrong with the modern airline industry.

349
00:19:25,522 --> 00:19:29,922
And it, I'm pretty sure it all comes down to regulations and,

350
00:19:29,922 --> 00:19:33,922
and the lack of proper free market dynamics. And that base basically,

351
00:19:34,962 --> 00:19:38,922
there's just a ton of state control there.

352
00:19:39,642 --> 00:19:41,382
And then the rich people fly private.

353
00:19:41,382 --> 00:19:44,582
So then there's just a massive disconnect, right?

354
00:19:44,662 --> 00:19:48,942
And if you want to fly private across the Atlantic, it's probably like $100,000, $125,000.

355
00:19:49,582 --> 00:19:52,782
You want to fly private domestic, it's probably like $20,000, $25,000.

356
00:19:53,462 --> 00:20:00,582
So it's just a huge jump between commercial and private.

357
00:20:01,482 --> 00:20:01,882
I don't know.

358
00:20:02,262 --> 00:20:05,122
I'm hoping things like JSX try and solve it.

359
00:20:06,162 --> 00:20:09,462
But there needs to be regulatory work done.

360
00:20:09,462 --> 00:20:11,302
It can't just be done.

361
00:20:11,382 --> 00:20:16,642
I think it's JetBlue is really trying to bury JSX.

362
00:20:16,862 --> 00:20:20,222
It's a shame that people won't like competition.

363
00:20:20,362 --> 00:20:20,702
You're in the market.

364
00:20:20,702 --> 00:20:21,482
It is regulations.

365
00:20:22,442 --> 00:20:25,762
The other thing is – oh, is this tweet about airlines?

366
00:20:25,982 --> 00:20:26,402
I'm just going to highlight.

367
00:20:26,542 --> 00:20:27,502
This is the bot of the day.

368
00:20:28,662 --> 00:20:31,902
Responded to RHR going live on Twitter.

369
00:20:32,002 --> 00:20:34,522
It says, love this deep dive into Bitcoin with Odell and Marty Bemp.

370
00:20:34,562 --> 00:20:34,982
Pure gold.

371
00:20:35,302 --> 00:20:37,342
We haven't mentioned Bitcoin until I read this tweet.

372
00:20:37,342 --> 00:20:39,202
So this is a bot.

373
00:20:39,202 --> 00:20:41,542
The title says Bitcoin.

374
00:20:43,742 --> 00:20:45,322
And our last title said gold.

375
00:20:45,502 --> 00:20:49,322
The other thing, by the way, Freaks, is the reason I've been CO2 pilled.

376
00:20:51,662 --> 00:20:53,902
I've never heard of someone being CO2 pilled.

377
00:20:54,302 --> 00:20:58,042
By our good friend, Paul, the founder of Stackwork.

378
00:20:59,602 --> 00:21:03,062
And so he recommended this.

379
00:21:03,462 --> 00:21:07,502
He actually gave me my first monitor, my first CO2 monitor.

380
00:21:07,642 --> 00:21:08,962
Then he said to give it to a friend.

381
00:21:08,962 --> 00:21:11,582
So I gave it to a friend and then I bought another one.

382
00:21:12,682 --> 00:21:17,402
But the CO2 concentration, right?

383
00:21:17,442 --> 00:21:19,382
So oxygen versus CO2 in the air.

384
00:21:20,042 --> 00:21:23,562
When you're outside, it's about 500 parts per million.

385
00:21:25,502 --> 00:21:33,682
Once it gets to like 2,000, your mental capability drops like 25% or something.

386
00:21:34,082 --> 00:21:37,342
When it gets to like 4,000, you're basically retarded.

387
00:21:38,962 --> 00:21:45,442
um and so this is why airflow is incredibly important and on airplanes and one of the

388
00:21:45,442 --> 00:21:52,242
craziest parts of this whole thing is you know a lot of important decisions in humanity are made in

389
00:21:52,242 --> 00:21:56,942
boardrooms and shit where there's like no airflow and lots of people right lots of people and very

390
00:21:56,942 --> 00:22:04,602
little airflow um make make that number spike the two places so i've been just walking around with

391
00:22:04,602 --> 00:22:12,162
the co2 sensor now all the time um the two places that it gets really bad in is modern

392
00:22:12,162 --> 00:22:18,422
modern uh particularly high-end hotels where that don't let you open the windows

393
00:22:18,422 --> 00:22:24,082
um and then this because they do it for energy efficiency quote-unquote and like suicide

394
00:22:24,082 --> 00:22:29,822
liability whatever you can't open the windows and the second is airports and airplanes and you can

395
00:22:29,822 --> 00:22:34,302
see it like when you're sitting on the tarmac you see it start spiking and spikes like 2025

396
00:22:34,302 --> 00:22:37,602
2,500. The kids are losing it. The adults are losing it.

397
00:22:37,662 --> 00:22:40,922
Like everyone is absolutely losing it. And then when you get to altitude,

398
00:22:41,042 --> 00:22:44,642
it usually comes back down to like 11, 1100,

399
00:22:44,922 --> 00:22:47,122
somewhere around that area, a thousand, 1100.

400
00:22:47,362 --> 00:22:49,722
And everyone calms down and gets a little bit better.

401
00:22:51,342 --> 00:22:54,642
But if there was actually real market dynamics between customers,

402
00:22:55,042 --> 00:22:58,142
then they would probably try and solve that problem.

403
00:22:58,542 --> 00:23:00,962
They wouldn't just have you sitting in a tarmac, you know,

404
00:23:01,182 --> 00:23:03,222
just breathing in everyone's dead air.

405
00:23:04,302 --> 00:23:12,462
man i think you just co2 pill man you get my own co2 monitor the best brand the best brand is

406
00:23:12,462 --> 00:23:21,702
aranet a-r-a-n-e-t i highly recommend it um it runs on double a batteries it lasts forever it

407
00:23:21,702 --> 00:23:27,122
has a little e-ink display on it and just simply just tells you the temperature and tells you the

408
00:23:27,122 --> 00:23:32,002
co2 content and you can you can pair with your phone it's very simple with bluetooth

409
00:23:32,002 --> 00:23:36,542
so I just keep it in my bag

410
00:23:36,542 --> 00:23:38,082
and I can just check the app on my phone

411
00:23:38,082 --> 00:23:40,562
but when I'm somewhere

412
00:23:40,562 --> 00:23:42,582
I can just put it down on the mantle

413
00:23:42,582 --> 00:23:44,162
or something and just read the ink screen

414
00:23:44,162 --> 00:23:48,682
maybe we should reach out to

415
00:23:48,682 --> 00:23:50,442
to become a sponsor we're a CO2

416
00:23:50,442 --> 00:23:52,522
monitoring podcast now

417
00:23:52,522 --> 00:23:53,862
there you go

418
00:23:53,862 --> 00:23:55,262
I have not

419
00:23:55,262 --> 00:23:58,702
I pay them they don't pay us

420
00:23:58,702 --> 00:24:00,462
I kid

421
00:24:00,462 --> 00:24:02,522
This is not a CO2 monitoring podcast.

422
00:24:02,642 --> 00:24:03,522
It's a Bitcoin podcast.

423
00:24:03,702 --> 00:24:04,162
We're going to get Bitcoin.

424
00:24:04,162 --> 00:24:04,342
Not yet.

425
00:24:04,922 --> 00:24:07,322
If we go sub 100K, we might become one.

426
00:24:08,202 --> 00:24:08,582
Yes.

427
00:24:09,462 --> 00:24:14,222
Before we get to Bitcoin, sad day for the city of Philadelphia.

428
00:24:14,222 --> 00:24:26,922
Over the weekend, we lost one of our legends of the radio waves, Pierre Robert, 93 WMMR DJ for the last 44 years.

429
00:24:26,922 --> 00:24:28,662
the voice of the city

430
00:24:28,662 --> 00:24:30,502
the king of rock and roll

431
00:24:30,502 --> 00:24:32,242
in Philadelphia passed away

432
00:24:32,242 --> 00:24:34,242
it looked like he went peacefully

433
00:24:34,242 --> 00:24:36,342
had a good week last week but

434
00:24:36,342 --> 00:24:38,622
Pierre's been on my mind

435
00:24:38,622 --> 00:24:41,122
today my dad was a massive fan of him

436
00:24:41,122 --> 00:24:42,742
been thinking about my dad a lot

437
00:24:42,742 --> 00:24:43,922
and uh

438
00:24:43,922 --> 00:24:46,542
Philly lost a legend over the weekend

439
00:24:46,542 --> 00:24:48,502
just wanted to say something about Pierre Robert

440
00:24:48,502 --> 00:24:50,662
incredible DJ

441
00:24:50,662 --> 00:24:53,262
in the Philadelphia FM radio space

442
00:24:53,262 --> 00:24:54,542
R.I.P.

443
00:24:55,942 --> 00:24:56,542
alright

444
00:24:56,542 --> 00:25:22,142
All right. Now onto the good stuff. Actually, maybe I shouldn't call it good stuff. The current price of Bitcoin is $107,080. I think it's officially dumped. One cock buck is going to get you 934 sats. Sitting at a $2.14 trillion market cap. We're at block height $921,499, which means we are one block away from block $921,500.

445
00:25:22,982 --> 00:25:27,882
We had a pretty sizable difficulty adjustment earlier this week,

446
00:25:27,882 --> 00:25:33,042
I believe early yesterday morning, of upward 6.3%.

447
00:25:33,042 --> 00:25:35,702
New difficulty, all-time high.

448
00:25:36,422 --> 00:25:40,182
Right now we are 1,828 blocks away from the next difficulty adjustment,

449
00:25:40,362 --> 00:25:43,662
estimated to be on November 11, 2025,

450
00:25:44,062 --> 00:25:47,582
looking like a negative 2.2% adjustment as of right now,

451
00:25:47,662 --> 00:25:49,282
still very early in this epoch.

452
00:25:49,282 --> 00:25:52,202
So take that estimate with a grain of salt.

453
00:25:52,302 --> 00:25:56,022
Block's been coming in at 10 minutes and 21 seconds on average.

454
00:25:57,162 --> 00:26:01,542
Wow, this may be the lowest I've ever seen Clark's teeny weeny mempool.

455
00:26:01,702 --> 00:26:04,562
360 transactions in Clark's teeny weeny mempool.

456
00:26:05,522 --> 00:26:12,982
If we go over to mempool.space, 89,896 before it jumped.

457
00:26:13,082 --> 00:26:15,282
One sat per V-byte across the board.

458
00:26:15,282 --> 00:26:25,422
As you may know, Clark's teeny weeny mempool isn't including teeny weeny transactions with sub one sapper V-byte transaction fees.

459
00:26:25,542 --> 00:26:26,242
Mempools is.

460
00:26:26,842 --> 00:26:31,202
That is why you see a massive 90,000 transaction divergence there.

461
00:26:33,822 --> 00:26:35,802
But Logan, go to the mining thing.

462
00:26:35,842 --> 00:26:37,902
I wrote about this two days ago.

463
00:26:38,802 --> 00:26:44,602
The average hash rate over the last week is 1.12 Zeta hash per second.

464
00:26:44,602 --> 00:26:54,922
I'm sure you freaks will recall in mid to late September, we covered the fact that we crossed one Zeta hash for the first time on the one-week average.

465
00:26:55,222 --> 00:26:56,862
It's a pretty significant milestone.

466
00:26:57,122 --> 00:26:58,902
People have been waiting for one Zeta hash of mining.

467
00:26:59,902 --> 00:27:03,062
And now you have one Zeta hash and you have decimals to the side.

468
00:27:03,202 --> 00:27:05,162
And everybody can think like, oh, that's interesting, those decimals.

469
00:27:05,162 --> 00:27:14,742
But 1.12 Zeta hash, we've added 120 exahash since the middle of September to the Bitcoin network.

470
00:27:15,662 --> 00:27:25,682
And to put that into context, the network in total didn't reach 100 exahash for the first time until January 2020, 11 years into the protocol launching.

471
00:27:26,542 --> 00:27:33,522
So I just think, this is what I wrote about, I don't think people can really comprehend how fast hash rate is expanding right now.

472
00:27:33,522 --> 00:27:39,082
like what took 11 years to go from zero to 100x the hash the network just added that

473
00:27:39,082 --> 00:27:45,542
in less than six weeks which is just mind blog mind boggling to me

474
00:27:45,542 --> 00:27:54,982
higher higher and that's the signal there there is signal there the bedrock the foundational

475
00:27:54,982 --> 00:28:02,202
layer arguably of the bitcoin network the hash rate the energy being converted to electricity

476
00:28:02,202 --> 00:28:08,722
being converted to hashes, being converted to the scarce digital best money ever that

477
00:28:08,722 --> 00:28:09,462
we know as Bitcoin.

478
00:28:10,462 --> 00:28:14,862
And that process is very strong right now and only getting stronger.

479
00:28:15,182 --> 00:28:16,182
It's more people plugging miners.

480
00:28:16,382 --> 00:28:19,062
And I wrote the article, people are like, what's driving it?

481
00:28:19,762 --> 00:28:24,902
Multitude of factors, people finding cheap energy, people plugging bid axes into their

482
00:28:24,902 --> 00:28:30,522
houses, nation states mining, chips getting more efficient, the whole gamut.

483
00:28:30,602 --> 00:28:31,342
We don't know exactly.

484
00:28:31,342 --> 00:28:36,022
and that's the beauty of it we'll never know exactly who's plugging in miners where did you

485
00:28:36,022 --> 00:28:46,762
see um uh in our group chat with our wives uh apparently my my toddler is watching rhr and saw

486
00:28:46,762 --> 00:28:55,002
you drinking uh salt of the earth and immediately asked for salty water and now hey is this an

487
00:28:55,002 --> 00:29:00,142
announcement there's a sponsor announcement you did all the bad i don't know what our promo code

488
00:29:00,142 --> 00:29:02,242
is. I think you created it. It's just RHR.

489
00:29:02,762 --> 00:29:04,322
Just RHR. 15%

490
00:29:04,322 --> 00:29:06,082
off. Drinksauté.com.

491
00:29:06,582 --> 00:29:07,042
There you go.

492
00:29:08,482 --> 00:29:09,462
It's the best.

493
00:29:10,082 --> 00:29:11,342
That also helps with travel.

494
00:29:12,162 --> 00:29:12,922
Just pound that.

495
00:29:14,282 --> 00:29:15,962
Pound this. Have your kids pound that

496
00:29:15,962 --> 00:29:17,942
instead of any kind of soda

497
00:29:17,942 --> 00:29:18,882
or anything like that.

498
00:29:19,602 --> 00:29:21,062
And beef jerky.

499
00:29:22,922 --> 00:29:23,782
Beef jerky

500
00:29:23,782 --> 00:29:25,622
and salt to the earth and

501
00:29:25,622 --> 00:29:27,822
hydrated and fed.

502
00:29:28,542 --> 00:29:29,642
No seed oil. It's all set.

503
00:29:30,142 --> 00:29:34,022
My boys are addicted to the Chomp beef sticks, big beef sticks.

504
00:29:34,982 --> 00:29:37,042
Here, three times a day, can I get a beef stick?

505
00:29:37,702 --> 00:29:38,962
Yes, you can get a beef stick.

506
00:29:40,082 --> 00:29:43,882
My oldest calls it good meat.

507
00:29:44,982 --> 00:29:45,662
Good meat?

508
00:29:46,282 --> 00:29:46,722
Yeah.

509
00:29:47,682 --> 00:29:48,882
Because that's what I would call it.

510
00:29:48,942 --> 00:29:50,242
I was just like, you want some good meat?

511
00:29:55,562 --> 00:29:57,382
88 Sats Radio says that looks delicious.

512
00:29:57,482 --> 00:29:58,002
It is delicious.

513
00:29:58,002 --> 00:30:00,002
It's the pink lemonade, and I also got a...

514
00:30:00,142 --> 00:30:01,822
a packet of the creatine in here.

515
00:30:02,802 --> 00:30:04,042
The grapefruit is my favorite.

516
00:30:04,562 --> 00:30:07,222
My lady's favorite is pink lemonade.

517
00:30:07,562 --> 00:30:09,842
So when my son wants it, he goes,

518
00:30:09,962 --> 00:30:11,282
Mama Salty or Papa Salty?

519
00:30:11,502 --> 00:30:16,002
Papa Salty is grapefruit and Mama Salty is pink lemonade.

520
00:30:17,762 --> 00:30:20,002
I like all the orange grapefruit.

521
00:30:20,142 --> 00:30:20,962
I go on waves.

522
00:30:21,102 --> 00:30:22,642
I'm on a pink lemonade wave right now.

523
00:30:23,482 --> 00:30:25,142
I'll catch the orange wave probably next.

524
00:30:25,142 --> 00:30:26,422
All right.

525
00:30:26,542 --> 00:30:27,202
To the list.

526
00:30:27,202 --> 00:30:33,222
We are God knows how many minutes into the show, and we should probably talk about that point.

527
00:30:34,262 --> 00:30:46,942
First topic on the list, it looks like Floppy has discovered what seems to be a critical vulnerability in the Cashew protocol, particularly if you're running a mint.

528
00:30:47,602 --> 00:30:50,362
Callie quote tweeted Floppy and said, please update.

529
00:30:50,482 --> 00:30:55,362
Floppy found a denial of service that we patched in version 0.18.0.

530
00:30:55,362 --> 00:30:57,602
It's a funny one, actually, but more soon.

531
00:30:57,602 --> 00:31:00,002
Funds are safu, but you should update ASAP.

532
00:31:00,562 --> 00:31:02,162
Thanks for the disclosure floppy.

533
00:31:02,162 --> 00:31:02,962
Very good catch.

534
00:31:02,962 --> 00:31:04,002
So, yeah.

535
00:31:04,002 --> 00:31:21,304
So this is specifically if you been watching for a while you know we front load at least on the list we front load disclosures vulnerability disclosures So this is specifically if you are running a Mint And my understanding is someone malicious can take

536
00:31:21,304 --> 00:31:25,464
down your Mint, stop it from being online, but they can't actually compromise funds.

537
00:31:26,204 --> 00:31:32,464
But you should still update ASAP. Also, there might be a little bit of confusion. So I just

538
00:31:32,464 --> 00:31:38,324
want to make sure real quick. I see no Lambo for you in the YouTube comments. To be clear,

539
00:31:38,404 --> 00:31:41,164
Salt of the Earth's main product is electrolytes.

540
00:31:41,404 --> 00:31:43,524
It's just really high-quality electrolytes.

541
00:31:44,404 --> 00:31:47,524
By the name, you can tell it's quite salty.

542
00:31:49,004 --> 00:31:52,024
Marty separately is using their creatine.

543
00:31:52,944 --> 00:31:56,404
I put a packet of electrolytes, a packet of creatine, and don't worry.

544
00:31:56,844 --> 00:31:57,464
No Lambo.

545
00:31:57,644 --> 00:31:59,624
I'm not giving my young children creatine.

546
00:31:59,684 --> 00:32:00,164
There we go.

547
00:32:00,624 --> 00:32:04,464
I just wanted to clear the air there.

548
00:32:05,004 --> 00:32:05,644
It's not a gummy.

549
00:32:05,644 --> 00:32:09,264
I know Sean, the founder of Solid of the Earth, very well,

550
00:32:09,444 --> 00:32:12,884
and he prides himself on finding the best ingredients

551
00:32:12,884 --> 00:32:14,524
on the electrolytes and the creatine.

552
00:32:14,764 --> 00:32:20,784
I know you mentioned creatine gummies, but I trust Sean.

553
00:32:22,444 --> 00:32:23,564
And you can verify any ingredients.

554
00:32:24,004 --> 00:32:31,184
Next up on the list, big discussion this week is

555
00:32:31,184 --> 00:32:47,104
Bit44 software has been proposed with the launch of Bitcoin Core version 0.30.0 about two weeks ago now, and particularly the uptick in people upgrading to it.

556
00:32:48,964 --> 00:32:50,784
I'm trying to...

557
00:32:50,784 --> 00:32:51,424
Dat Hanum?

558
00:32:53,264 --> 00:32:53,844
Dat Hanum.

559
00:32:54,364 --> 00:32:57,464
Yeah, I know it's a name. Dat Hanum. I don't know how to pronounce it.

560
00:32:57,464 --> 00:33:03,584
took to the mailing list and the BIP repo and said,

561
00:33:03,724 --> 00:33:06,584
due to core version 30 gaining in popularity,

562
00:33:06,584 --> 00:33:11,204
it has become necessary to move forward on Luke Jr.'s ML proposal

563
00:33:11,204 --> 00:33:14,624
to temporarily limit arbitrary data at the consensus level,

564
00:33:14,724 --> 00:33:16,904
which so far has three weeks with no objections.

565
00:33:17,144 --> 00:33:17,604
I'm just reading.

566
00:33:18,404 --> 00:33:20,844
When he's written, implementation for the proactive deployment

567
00:33:20,844 --> 00:33:23,904
is under construction, while the quote-unquote reactive deployment

568
00:33:23,904 --> 00:33:26,804
is feature complete but lacks tests.

569
00:33:26,804 --> 00:33:28,864
mailing list thread at the link.

570
00:33:31,064 --> 00:33:37,664
And so, yeah, it seems like the escalation to launching,

571
00:33:38,024 --> 00:33:39,824
I guess this would be considered a soft fork,

572
00:33:40,324 --> 00:33:47,104
but could create a hard fork if most people don't download it

573
00:33:47,104 --> 00:33:50,264
or a lot of people don't download it, is escalating.

574
00:33:50,944 --> 00:33:54,844
If you go to the link, to be clear.

575
00:33:54,844 --> 00:34:04,664
to be clear um because words matter uh a a soft fork a soft fork that is pushed

576
00:34:04,664 --> 00:34:13,244
through without consensus can result in a chain split um a hard fork is

577
00:34:13,244 --> 00:34:21,104
is um you know like more preemptive it's like you know there's going to be a chain split ahead

578
00:34:21,104 --> 00:34:26,204
of time it's not backwards compatible ideally has relay protection uh so you can't you don't

579
00:34:26,204 --> 00:34:31,984
have transactions you know that are that are cross relayed between chains replay or relay

580
00:34:31,984 --> 00:34:39,864
yeah replay protection um yeah i said relay protection i'm still running on jet lag um

581
00:34:39,864 --> 00:34:48,404
you you have when we've never actually seen a soft fork attempted without overwhelming consensus

582
00:34:49,264 --> 00:34:51,064
I think it could get quite messy.

583
00:34:53,704 --> 00:35:00,164
I think it's more important than ever to self-custody your own Bitcoin and use your own node.

584
00:35:01,184 --> 00:35:07,724
Because if you're not, and there is a chain split, then you're going to be at the mercy of whatever custodians you use.

585
00:35:08,304 --> 00:35:16,164
And I think kind of the same goes with these leveraged Bitcoin stocks, which way they want to go.

586
00:35:16,164 --> 00:35:29,964
And specifically, one of the dynamics at play with a soft fork in this type of scenario is the soft fork chain is restricting rules, right?

587
00:35:30,004 --> 00:35:31,624
They're reducing what you can spend.

588
00:35:32,644 --> 00:35:39,704
So anything mined by the soft fork chain is still valid on the non-soft fork chain.

589
00:35:39,704 --> 00:35:46,104
so theoretically at any point that chain could then reorg the other chain unless

590
00:35:46,104 --> 00:35:51,504
there was something actively done to prevent that reorg

591
00:35:51,504 --> 00:35:57,184
so we'll see we'll see how this plays out i think it's still pretty premature

592
00:35:57,184 --> 00:36:05,804
um my understanding is you know this was more of a declaration rather than you know any kind

593
00:36:05,804 --> 00:36:09,604
of implementation client being released or code being released or anything like that.

594
00:36:12,064 --> 00:36:13,324
Presumably, it will be not.

595
00:36:15,624 --> 00:36:25,684
But one piece I would say is, you know, there's been a bunch of justifications in the soft

596
00:36:25,684 --> 00:36:31,384
fork that are legal justifications, with some implications that people that don't just go

597
00:36:31,384 --> 00:36:36,804
along with this soft fork and don't go along with this change to Bitcoin might be held legally

598
00:36:36,804 --> 00:36:43,624
liable. And separately, in the background, there's been murmurs of potential legal threats to people

599
00:36:43,624 --> 00:36:49,664
to try and push them into a rush soft fork. And I would just encourage people not to do that,

600
00:36:50,144 --> 00:36:57,984
if that is the plan. You're your own person, you're welcome to do it. But just theoretically,

601
00:36:57,984 --> 00:37:09,344
presumably sending threatening legal letters to competing mining pools might be a slippery slope

602
00:37:09,344 --> 00:37:17,224
that you don't want to go down so yeah what if you're i would just appeal to zaner heads

603
00:37:17,224 --> 00:37:23,624
i mean i know you're beating around the bush i think it's this has gone

604
00:37:23,624 --> 00:37:25,724
way off the rails

605
00:37:25,724 --> 00:37:28,084
into la-la land.

606
00:37:28,764 --> 00:37:29,364
Absurdity.

607
00:37:30,144 --> 00:37:32,384
I've been consistent. If it's consensus valid

608
00:37:32,384 --> 00:37:33,504
in an

609
00:37:33,504 --> 00:37:35,504
implementation wants to

610
00:37:35,504 --> 00:37:38,464
change policy to enable things that are consensus valid,

611
00:37:39,504 --> 00:37:40,324
it's within

612
00:37:40,324 --> 00:37:41,664
consensus rules. I don't know.

613
00:37:42,324 --> 00:37:43,784
I understand why people are making

614
00:37:43,784 --> 00:37:45,824
a big hoopla about it and

615
00:37:45,824 --> 00:37:47,504
driving it to this point, but

616
00:37:47,504 --> 00:37:50,344
I don't think it's the wise path.

617
00:37:50,684 --> 00:37:50,884
I think

618
00:37:50,884 --> 00:37:53,264
there's a lot of

619
00:37:53,624 --> 00:38:00,164
subjectivity and idolism on the sides of the knots camp.

620
00:38:00,984 --> 00:38:05,324
I do think the way core communicated things and, um,

621
00:38:05,664 --> 00:38:08,744
sort of just implemented the policy could have been done better.

622
00:38:08,744 --> 00:38:11,984
But at the end of the day, in my mind, I'm an individual,

623
00:38:12,264 --> 00:38:17,104
you can have your thoughts. I'll have my thoughts. This is where I stand. Uh,

624
00:38:17,484 --> 00:38:22,664
I think people are making a mountain out of an anthill. Um,

625
00:38:22,664 --> 00:38:26,544
and i know there's gonna be people who hop in the menchies who hop in the live chat

626
00:38:26,544 --> 00:38:35,264
accuse me of being a a shill a traitor whatever it may be but with that in mind look and pull up the

627
00:38:35,264 --> 00:38:43,144
the link i just put in there just to read through what luke is proposing um which is if we're going

628
00:38:43,144 --> 00:38:48,704
this route we should just close all the gaps for the immediate future uh first limit new script pub

629
00:38:48,704 --> 00:38:54,524
keys to 83 bytes or less 34 doesn't seem terrible utxos are a huge cost to nodes we should always

630
00:38:54,524 --> 00:38:59,184
keep them as small as possible anything else can be hashed zoom in logan for the people watching at

631
00:38:59,184 --> 00:39:06,104
home limit script data pushes to 256 bytes with an exception for bip 16 redeem scripts make

632
00:39:06,104 --> 00:39:12,684
undefined witness slash taproot versions invalid including the annex of op success to make any

633
00:39:12,684 --> 00:39:17,584
legitimate usage of them we need a soft fork anyway see below see like this is where subjectivity

634
00:39:17,584 --> 00:39:24,544
enters to make any legitimate usage who determines legitimate usage limit taproot control block to

635
00:39:24,544 --> 00:39:31,864
257 bytes 128 scripts max or at least way less than it currently is way less a bit subjective

636
00:39:31,864 --> 00:39:38,984
340 e36 scripts is completely unrealistic make up if invalid inside tap script it should be

637
00:39:38,984 --> 00:39:43,144
unnecessary with Taproot and has only seen abuse.

638
00:39:43,924 --> 00:39:47,104
We should do all these together in a temporary soft fork that self-expires

639
00:39:47,104 --> 00:39:51,064
after a year or two. This would buy time to come up with longer-term solutions,

640
00:39:51,584 --> 00:39:55,124
observe how it impacts the real world. Since it expires, other

641
00:39:55,124 --> 00:39:59,104
soft forks making use of upgradable mechanisms can just wait it out

642
00:39:59,104 --> 00:40:02,844
for those mechanisms to become available again. Therefore, we basically

643
00:40:02,844 --> 00:40:06,344
lose nothing. This is intended to buy us time, not a permanent fix.

644
00:40:06,344 --> 00:40:08,424
I won't read the rest of it.

645
00:40:09,424 --> 00:40:11,524
I think there's some concerns.

646
00:40:15,544 --> 00:40:18,424
There's some concerns that it'll lock up funds,

647
00:40:19,264 --> 00:40:23,844
specifically in certain taproot constructions.

648
00:40:26,464 --> 00:40:28,844
So this would be, if that is the case,

649
00:40:28,904 --> 00:40:31,324
this would be the first self-work that does that,

650
00:40:31,324 --> 00:40:33,684
that freezes people's funds actively,

651
00:40:33,684 --> 00:40:43,284
um which i think uh should probably be a red line um the argument is that it's temporary

652
00:40:43,284 --> 00:40:51,764
which so they they have a year to complain about it and then we'll let them access their funds in a

653
00:40:51,764 --> 00:40:58,824
year um i don't i'm look i i think it's a feature not a bug that bitcoin is incredibly hard to change

654
00:40:58,824 --> 00:41:11,204
I think a lot of people on the anti-core side or the pro-not side, depending on your perspective, are upset in their perceived belief that core changed Bitcoin.

655
00:41:13,664 --> 00:41:17,864
I think if you believe that, it makes complete sense why you'd be upset.

656
00:41:17,864 --> 00:41:33,464
But you might be able to argue that in practice, a default policy change in terms of relaying transactions results in a practical change of Bitcoin, but it didn't change the consensus rules.

657
00:41:35,044 --> 00:41:42,404
So rushing into a change is a concern to me, into a consensus change.

658
00:41:42,404 --> 00:41:51,604
um and then also trivialize trivializing that process because a soft fork is always a risky

659
00:41:51,604 --> 00:41:55,944
process because there's no way for us to tell consensus ahead of time you only really find

660
00:41:55,944 --> 00:42:01,844
out afterwards by doing it something that's temporary is also a concern to me like you should

661
00:42:01,844 --> 00:42:07,964
probably put in the work to just do it right the first time like well we're going to deal with

662
00:42:07,964 --> 00:42:12,884
another potential, but we're going to deal with the ship for another year. Um, and then another

663
00:42:12,884 --> 00:42:18,264
potential change, but in a year, even in the best case scenario, I think is a, is a big issue.

664
00:42:19,384 --> 00:42:25,124
Um, I think we're already seeing at least one mining pool F2 pool, which is quite large as

665
00:42:25,124 --> 00:42:31,584
has stated that they have no intention of going along with this. Um, so I think people that are

666
00:42:31,584 --> 00:42:39,884
saying that it's you know will has no possibility of being messy is also just straight bullshit

667
00:42:39,884 --> 00:42:47,284
uh if if if this is pushed through it will most likely be messy bitcoin will be fine

668
00:42:47,284 --> 00:42:55,664
well more importantly anybody listening to this who's not seeped in the sort of low level protocol

669
00:42:55,664 --> 00:43:03,764
war or discussion that is going on now and is looking inside from the outside and saying,

670
00:43:03,904 --> 00:43:04,264
what the heck?

671
00:43:04,344 --> 00:43:04,984
What do I do?

672
00:43:05,304 --> 00:43:06,404
Do I download this software?

673
00:43:06,524 --> 00:43:07,764
Do I download that software?

674
00:43:08,364 --> 00:43:08,764
What version?

675
00:43:08,904 --> 00:43:09,044
Sure.

676
00:43:09,404 --> 00:43:09,964
Do nothing.

677
00:43:10,464 --> 00:43:11,264
Just don't do anything.

678
00:43:11,724 --> 00:43:11,924
The best.

679
00:43:12,444 --> 00:43:13,544
Hold self-custody.

680
00:43:14,024 --> 00:43:15,424
Hold self-custody, but do nothing.

681
00:43:16,324 --> 00:43:17,444
Just hold it in self-custody.

682
00:43:18,904 --> 00:43:20,564
Take a deep breath.

683
00:43:20,644 --> 00:43:21,444
Hold self-custody.

684
00:43:22,564 --> 00:43:24,724
Bitcoin's rule set is very difficult to change.

685
00:43:25,664 --> 00:43:32,244
and Bitcoin is incredibly robust and has had effectively 0% downtime,

686
00:43:32,564 --> 00:43:34,404
as close to zero as you can get.

687
00:43:36,144 --> 00:43:38,544
But yeah, and once again, just to reiterate,

688
00:43:38,684 --> 00:43:41,444
the reason self-custody is important, regardless of your opinions,

689
00:43:41,744 --> 00:43:45,804
like on which side of this debate you lie on,

690
00:43:46,204 --> 00:43:48,644
is because if you don't self-custody, then once again,

691
00:43:48,664 --> 00:43:50,824
you're trusting the custodian to make decisions for you.

692
00:43:50,824 --> 00:43:53,844
Because if we do end up in a situation where there is a chain split,

693
00:43:53,844 --> 00:43:59,244
But if you own one Bitcoin today, you'll own one Bitcoin on each side of the chain.

694
00:44:00,464 --> 00:44:09,024
So to Marty's point, if you do nothing, one chain should eventually trend to zero.

695
00:44:09,604 --> 00:44:10,944
That's my thesis, at least.

696
00:44:11,024 --> 00:44:12,164
That's what we've seen in the past.

697
00:44:13,184 --> 00:44:17,544
The one that is, quote unquote, the minority one, the one that the market dictates is less

698
00:44:17,544 --> 00:44:19,404
valuable, will trend to zero over time.

699
00:44:20,164 --> 00:44:22,924
So some people will try and bet one side against the other.

700
00:44:22,924 --> 00:44:30,624
If a chain split lasts long enough and a market develops, people will try and trade them against each other.

701
00:44:30,904 --> 00:44:35,344
But if you do nothing, then you're at no risk of loss, really.

702
00:44:35,784 --> 00:44:44,664
So this all can be quite frustrating, regardless of which side you're on.

703
00:44:44,664 --> 00:44:53,164
but I think it's a minority group of people that are even talking about this

704
00:44:53,164 --> 00:45:00,384
I do not think this is the cause of the recent price dip or whatever you want to call it I don't

705
00:45:00,384 --> 00:45:03,664
know if it's officially a price dump yet because Marty hasn't dictated if it is one

706
00:45:03,664 --> 00:45:11,904
I think that's probably more related we're under 107 it's a dump we're dumping we're dumping it's

707
00:45:11,904 --> 00:45:19,304
officially a dump yeah everybody goes um but yeah i think uh i don't know this is definitely the

708
00:45:19,304 --> 00:45:24,804
early days i think it's important that we acknowledge that a soft work proposal is out there

709
00:45:24,804 --> 00:45:30,564
um but i feel like this is is something we'll probably be talking about for

710
00:45:30,564 --> 00:45:41,104
a while um so just this is just the entry to the discussion yeah precedent for do nothing too um

711
00:45:41,104 --> 00:45:48,664
I think we go back to 2017, the Bitcoin cash fork and why you should hold your Bitcoin in self-custody.

712
00:45:49,764 --> 00:45:53,504
Bitcoin and Bitcoin cash forked off, I believe, at the end of August.

713
00:45:53,604 --> 00:45:54,944
I think it was August 30th.

714
00:45:56,344 --> 00:45:56,784
2017.

715
00:45:57,344 --> 00:45:58,304
That was a hard fork.

716
00:45:58,984 --> 00:46:01,044
Yeah, Bitcoin cash hard forked off.

717
00:46:01,724 --> 00:46:07,304
But if you held Bitcoin in self-custody, you immediately had access to coins on both chains.

718
00:46:07,304 --> 00:46:17,264
and coinbase didn't give their users access to bitcoin cash if you're holding a bitcoin balance

719
00:46:17,264 --> 00:46:22,284
on coinbase there was a lot of discussion back and forth in the industry particularly around the

720
00:46:22,284 --> 00:46:29,104
exchanges like what do we do do we give our clients access to both coins uh how do we do that

721
00:46:29,104 --> 00:46:35,024
coinbase waited four months to do it and they ninja launched it like i believe it was like

722
00:46:35,024 --> 00:46:37,644
December 21st, like right around Christmas time

723
00:46:37,644 --> 00:46:39,024
when not many people-

724
00:46:39,024 --> 00:46:40,644
It was like a Tuesday.

725
00:46:40,644 --> 00:46:42,464
Yeah, it was like a Tuesday at 7 p.m.

726
00:46:42,464 --> 00:46:44,804
like during the Christmas holiday.

727
00:46:44,804 --> 00:46:56,046
And I think the price may have actually pumped but regardless if you want it to I think Bitcoin Cash almost hit a half of one Bitcoin No I think it was all high

728
00:46:56,346 --> 00:47:00,226
I think it was like, but that was, wasn't that Tuesday, like all-time high Bitcoin Cash?

729
00:47:00,306 --> 00:47:01,766
Yeah, like wicked up temporarily.

730
00:47:01,766 --> 00:47:09,106
It was like on the one minute chart, like wicked up to 0.5 BTC per BCH.

731
00:47:09,146 --> 00:47:11,006
I mean, that's a perfect example to Marty's point.

732
00:47:11,086 --> 00:47:14,146
Like if you panicked at that point and sold your Bitcoin for Bitcoin Cash,

733
00:47:14,146 --> 00:47:15,406
because you thought it was about to flip,

734
00:47:16,366 --> 00:47:18,446
you fucked up big time.

735
00:47:19,346 --> 00:47:19,486
Yeah.

736
00:47:19,806 --> 00:47:24,566
The people that just did absolutely nothing were fine.

737
00:47:25,606 --> 00:47:25,746
Yeah.

738
00:47:27,506 --> 00:47:28,326
Just be aware.

739
00:47:29,766 --> 00:47:30,186
It's happening.

740
00:47:30,186 --> 00:47:31,286
Did it kick?

741
00:47:31,526 --> 00:47:36,266
Because I was a recorded episode with Danny earlier this week

742
00:47:36,266 --> 00:47:38,386
and Hoddle and Eric Case.

743
00:47:38,386 --> 00:47:41,806
and sorry Danny if I'm spoiling

744
00:47:41,806 --> 00:47:45,026
the incredible podcast that we recorded

745
00:47:45,026 --> 00:47:49,486
but this came up briefly in conversation.

746
00:47:49,626 --> 00:47:51,326
I was looking for an official BIP list.

747
00:47:51,426 --> 00:47:53,526
I think they took it out of the official BIP list.

748
00:47:54,666 --> 00:47:55,906
So you hit the link you had.

749
00:47:58,226 --> 00:48:02,406
The GitHub logo has like a red X on it.

750
00:48:02,586 --> 00:48:05,386
I don't think this is in the official BIP repository anymore.

751
00:48:05,386 --> 00:48:13,766
and then you have like all this drama now emanating from this did they revoke

752
00:48:13,766 --> 00:48:19,546
dns access to bitcoin core luke's dns access he had uh

753
00:48:20,146 --> 00:48:28,866
the privileges to sign um a chain state to validate that it was valid at a particular

754
00:48:28,866 --> 00:48:36,026
point in time and i think they um they removed he's one of like he's one of like 12 dns seeds

755
00:48:36,026 --> 00:48:41,286
something like that um so when you bootstrap a node at first like to find other nodes they hit

756
00:48:41,286 --> 00:48:49,506
these hard-coded nodes that are run by volunteers and uh i think there was a

757
00:48:49,506 --> 00:48:58,066
there there was definitely a a pull request or an issue created in the repo to remove him i mean

758
00:48:58,066 --> 00:49:01,566
I don't think that has actually been processed or anything.

759
00:49:01,866 --> 00:49:02,886
It hasn't been merged.

760
00:49:04,666 --> 00:49:06,786
I mean, the argument, I think it's a little bit,

761
00:49:06,786 --> 00:49:12,646
it's clearly an emotional, well, fuck you too kind of thing.

762
00:49:13,026 --> 00:49:19,226
But Luke has literally said Bitcoin Core is malware.

763
00:49:19,546 --> 00:49:24,706
So it's a little bit weird for him to be seeding malware,

764
00:49:25,246 --> 00:49:26,746
if that's actually his opinion.

765
00:49:28,066 --> 00:49:32,426
And to Marty's point of like, I think this has gone completely off the rails.

766
00:49:34,046 --> 00:49:37,086
I will unequivocally say that Bitcoin Core is not malware.

767
00:49:38,086 --> 00:49:41,346
One of the best reviewed pieces of open source software in the world.

768
00:49:42,746 --> 00:49:43,566
You shill.

769
00:49:44,326 --> 00:49:45,686
You BlackRock shill.

770
00:49:47,866 --> 00:49:52,966
Phil Mustang in the Noster live stream, 21,212 sets.

771
00:49:53,086 --> 00:49:53,766
Peace and love, boys.

772
00:49:53,826 --> 00:49:55,466
Marty, you still look like my cousin Hank.

773
00:49:55,466 --> 00:50:00,366
well if i look like your cousin hank i hope i continually still look like him

774
00:50:00,366 --> 00:50:06,486
i don't know if he's changed or if i changed but if we look alike at any point in time we

775
00:50:06,486 --> 00:50:11,106
should probably look alike into perpetuity i would imagine but thank you for the zap

776
00:50:11,106 --> 00:50:20,166
um i do have a ride or die freak telling me separately that bcash did not hit 0.5 bitcoin

777
00:50:20,166 --> 00:50:22,926
no it hit like 0.25

778
00:50:22,926 --> 00:50:24,766
if I recall correctly

779
00:50:24,766 --> 00:50:27,086
okay well I just asked

780
00:50:27,086 --> 00:50:29,026
Maple, Maple said it hit

781
00:50:29,026 --> 00:50:29,686
4300

782
00:50:29,686 --> 00:50:32,326
on December 2017

783
00:50:32,326 --> 00:50:35,306
what was the price

784
00:50:35,306 --> 00:50:35,966
of Bitcoin?

785
00:50:36,606 --> 00:50:37,386
16,000

786
00:50:37,386 --> 00:50:39,266
no I don't think so

787
00:50:39,266 --> 00:50:40,466
I think it was lower

788
00:50:40,466 --> 00:50:44,786
at 13.8

789
00:50:44,786 --> 00:50:46,886
okay so you're right

790
00:50:46,886 --> 00:50:49,566
thank you Maple for fact checking

791
00:50:49,566 --> 00:50:50,146
us live

792
00:50:50,146 --> 00:51:00,686
maple getting better speaking of 14 000 yeah 4500 divided by 14 000

793
00:51:00,686 --> 00:51:07,806
i recorded with mark from maple earlier today great episode that'll be out next week

794
00:51:07,806 --> 00:51:17,066
gotta support the private ai i'm sure you saw the new new humanoid neo i know you saw because

795
00:51:17,066 --> 00:51:25,726
responded to my it was point it was 0.32 btc 0.32 was was the price in bitcoin terms which is

796
00:51:25,726 --> 00:51:30,346
arguably more important than the dollar price yeah what's the deal with that i mean isn't that

797
00:51:30,346 --> 00:51:35,306
not a real product they just like twitter similar like when they first on the hype train

798
00:51:35,306 --> 00:51:38,666
i think it's similar to when they first demoed um

799
00:51:38,666 --> 00:51:49,506
optimists like elon came out and admitted like yeah we had tesla workers like they have like a

800
00:51:49,506 --> 00:51:56,226
indian dude at a call center like operating yeah there were some incredible memes that came out but

801
00:51:56,226 --> 00:52:01,326
yeah i mean they're pushing for this humanoid robot stuff and i won't spoil my conversation

802
00:52:01,326 --> 00:52:07,566
with marks but i mean it seems pretty evident that this push towards

803
00:52:07,566 --> 00:52:14,826
a multitude of different robot form factors that are going to be part of your everyday life i mean

804
00:52:14,826 --> 00:52:20,566
i think first arguably tesla we've talked about this before on the show and now i can't help but

805
00:52:20,566 --> 00:52:26,046
be hyper aware of it when i'm driving on the road or parking in a parking lot like and park next to

806
00:52:26,046 --> 00:52:33,106
tesla it's like that thing is videotaping me right now um so many cameras yeah but now like

807
00:52:33,106 --> 00:52:38,026
when we get to this humanoid stuff they're gonna have cameras too and we have to seriously think

808
00:52:38,026 --> 00:52:43,846
about what type of privacy nightmare we might be stumbling into no one gives a shit marty

809
00:52:43,846 --> 00:52:53,166
i'm being provocative there's few of us there's few of us it's it's i mean they've been setting

810
00:52:53,166 --> 00:52:58,906
it up right like the you have the ring cameras on everyone's doorbells connect to amazon servers

811
00:52:58,906 --> 00:53:05,146
um they make those personal assistants as well right like alexis and stuff with cameras now

812
00:53:05,146 --> 00:53:12,526
for your bedside they make like a little clock um so i think a bunch of people uh

813
00:53:12,526 --> 00:53:16,926
i think a bunch of people will do it and yeah i mean i think it's uh

814
00:53:16,926 --> 00:53:23,146
I think the white pill is actually, you know,

815
00:53:23,866 --> 00:53:26,106
the white pill is that it probably will get worse

816
00:53:26,106 --> 00:53:26,946
before it gets better.

817
00:53:27,326 --> 00:53:29,906
And there's just going to be tons of privacy compromises.

818
00:53:30,366 --> 00:53:32,506
And then as the privacy compromises happen,

819
00:53:33,346 --> 00:53:37,406
people will see the light and move to better tools

820
00:53:37,406 --> 00:53:38,646
and protect themselves.

821
00:53:38,646 --> 00:53:41,646
And I think the important part is to have those tools

822
00:53:41,646 --> 00:53:44,766
available to them when they realize the need for them.

823
00:53:44,766 --> 00:53:54,146
But they probably, the majority of people will not realize the need without significant pain that I don't think we've seen yet.

824
00:53:55,286 --> 00:53:59,166
Yeah, I think you said it best yesterday in response to my Neo-Naster.

825
00:53:59,926 --> 00:54:02,246
Robot Fight Club, the Bitcoin standard.

826
00:54:02,726 --> 00:54:03,286
There you go.

827
00:54:03,286 --> 00:54:15,786
uh we've got a 23,332 sat boost or zap excuse me uh in the nostril live stream that's a palindrome

828
00:54:15,786 --> 00:54:21,446
zap for anybody following along at home from florida justin i'm assuming fl means florida

829
00:54:21,446 --> 00:54:28,406
long time rider die since 2020 first able to participate live thanks to primal shout out to

830
00:54:28,406 --> 00:54:33,646
primal appreciate all you do to support the plebs and building out a great ride or die community

831
00:54:33,646 --> 00:54:37,346
well justin number one thank you for this app number two

832
00:54:37,346 --> 00:54:42,426
this community is building itself we come back because you guys

833
00:54:42,426 --> 00:54:47,906
keep growing and get the bond gets stronger so we love all y'all i need some water

834
00:54:47,906 --> 00:55:01,106
i um i mean it's pretty cool it just goes to show how much better the tools are getting that

835
00:55:01,106 --> 00:55:08,146
we have such a popping live chat uh but once again not giving any notice whatsoever when we

836
00:55:08,146 --> 00:55:15,866
were going live stuff that's so awesome just seeing it directly and whatever nostril app you

837
00:55:15,866 --> 00:55:22,506
is I mean Primal supports it I think Amethyst supports it Nostre obviously Zapstream

838
00:55:22,506 --> 00:55:28,366
but pretty fucking cool and it's it's going to get better we're working on specifically on the

839
00:55:28,366 --> 00:55:35,266
Primal side we're working on better notifications and reliability and whatnot a lot of things a lot

840
00:55:35,266 --> 00:55:44,006
of things for Primal 3.0. VTC pins you have a dirty mind sir I know I've talked about this in

841
00:55:44,006 --> 00:55:51,986
the past i think that's like the um well he well btc pen said think the remote robot operators will

842
00:55:51,986 --> 00:55:57,826
quit when everyone uses them to masturbate like that is actually some of them actually like it

843
00:55:57,826 --> 00:56:01,846
you know some of them are probably hoping for that if we're being honest no if you forget the

844
00:56:01,846 --> 00:56:08,606
remote operate the remote operators is like a temporary bullshit hype thing um like we are going

845
00:56:08,606 --> 00:56:17,326
towards my, my like dystopian view is, or at least my like short to medium term dystopian view

846
00:56:17,326 --> 00:56:24,006
is they create like VR pods, right? Like the tech bros create like VR pods that you just

847
00:56:24,006 --> 00:56:29,246
get into the pod. So not a robot, you get into the pod and then you're like on a beach somewhere.

848
00:56:30,346 --> 00:56:35,126
And the last piece, like wherever you want, like you can be in perfect, no problems,

849
00:56:35,126 --> 00:56:40,186
no personal responsibility just like life on training wheels they like hook you up to an ivy

850
00:56:40,186 --> 00:56:45,486
or whatever so you're like quote-unquote nourished like fucking seed oils and shit all they have to

851
00:56:45,486 --> 00:56:53,226
the last piece is simulating the sex if they can simulate sex that's even like nearly close to real

852
00:56:53,226 --> 00:56:58,166
sex like people are just going to check out they're already checking out on social media and

853
00:56:58,166 --> 00:57:03,426
checking out on video games and porn and all this other shit if they can get into vr pod and like

854
00:57:03,426 --> 00:57:06,166
have sex with like the girls of their dreams or whatever,

855
00:57:06,166 --> 00:57:08,326
and the places of their dreams,

856
00:57:08,766 --> 00:57:10,806
they're just going to fucking check out from society.

857
00:57:11,406 --> 00:57:13,366
And that's going to get really fucking dark.

858
00:57:14,506 --> 00:57:14,906
The,

859
00:57:14,906 --> 00:57:20,306
the bright side of that as a Bitcoin perspective is they probably will pay

860
00:57:20,306 --> 00:57:20,846
with Bitcoin.

861
00:57:21,606 --> 00:57:22,026
Right.

862
00:57:22,026 --> 00:57:22,646
So it'll be like,

863
00:57:22,706 --> 00:57:23,606
it'll cost a certain,

864
00:57:23,726 --> 00:57:24,986
you'd like pay a thousand sats,

865
00:57:25,086 --> 00:57:25,906
2000 sats.

866
00:57:25,906 --> 00:57:30,186
And then you'd like check out for a month in your VR sex paradise.

867
00:57:30,186 --> 00:57:32,786
and then after that

868
00:57:32,786 --> 00:57:35,406
after that productive individuals

869
00:57:35,406 --> 00:57:37,086
will

870
00:57:37,086 --> 00:57:39,106
rebuild society

871
00:57:39,106 --> 00:57:41,086
because the unproductive class

872
00:57:41,086 --> 00:57:42,386
will just check out

873
00:57:42,386 --> 00:57:43,586
clearly not reproduce

874
00:57:43,586 --> 00:57:45,306
be in their little VR pods

875
00:57:45,306 --> 00:57:47,946
and then we'll have a

876
00:57:47,946 --> 00:57:48,446
you know

877
00:57:48,446 --> 00:57:50,746
a long grind to utopia

878
00:57:50,746 --> 00:57:52,086
yeah

879
00:57:52,086 --> 00:57:53,526
while you were

880
00:57:53,526 --> 00:57:54,906
bringing up this topic

881
00:57:54,906 --> 00:57:58,606
and

882
00:57:58,606 --> 00:58:09,106
up gullible mistake the first movie to ever talk about this was demolition man don't ever search

883
00:58:09,106 --> 00:58:18,466
demolition man virtual sex scene on x kids i just made that mistake don't do it but demolition man

884
00:58:18,466 --> 00:58:24,906
sylvester sloan sandra bullock i have it here i think we may get kicked off youtube if you play

885
00:58:24,906 --> 00:58:27,046
for copyright things, but go look up

886
00:58:27,046 --> 00:58:28,426
on YouTube, not on X.

887
00:58:29,446 --> 00:58:30,886
Demolition Man, Virtual Sexy.

888
00:58:31,006 --> 00:58:33,106
They're literally physically

889
00:58:33,106 --> 00:58:34,946
across from each other and they put on the helmets

890
00:58:34,946 --> 00:58:36,146
and that's how

891
00:58:36,146 --> 00:58:39,266
they have intercourse with each other.

892
00:58:39,986 --> 00:58:40,986
It's not graphic at all.

893
00:58:41,586 --> 00:58:42,886
I mean, it's a...

894
00:58:42,886 --> 00:58:44,086
Oh, I want to talk about porn.

895
00:58:47,026 --> 00:58:49,026
It's a theme

896
00:58:49,026 --> 00:58:49,986
that's been in

897
00:58:49,986 --> 00:58:53,106
sci-fi for a bit now. It's in a bunch of books

898
00:58:53,106 --> 00:58:53,446
too.

899
00:58:54,906 --> 00:59:03,686
I mean, I see some questions about core increasing op return in the comments.

900
00:59:03,686 --> 00:59:06,766
Do these people just listen to RHR for the first time?

901
00:59:07,606 --> 00:59:11,826
I don't think so, but just in practice of good faith.

902
00:59:11,826 --> 00:59:23,946
the argument for increasing the default up return relay limit on core from core maintainers was

903
00:59:23,946 --> 00:59:30,026
that you can do these transactions anyway consensus rules don't limit them

904
00:59:32,166 --> 00:59:39,186
and they are presumably things that are outside of policy outside of these mempool relay policies

905
00:59:39,186 --> 00:59:40,746
are getting mined anyway.

906
00:59:41,126 --> 00:59:43,266
So we might as well remove the limit,

907
00:59:43,486 --> 00:59:44,746
remove the default limit.

908
00:59:45,266 --> 00:59:47,146
Users can add the limit if they want to

909
00:59:47,146 --> 00:59:54,486
and not basically dictate a limit on the release level.

910
00:59:55,006 --> 00:59:57,766
And I personally was against that idea.

911
00:59:57,766 --> 01:00:02,346
I think most of this could have been avoided

912
01:00:02,346 --> 01:00:06,766
if you just let users configure a higher limit

913
01:00:06,766 --> 01:00:08,786
if they wanted to in an easier way, right?

914
01:00:08,786 --> 01:00:12,486
Because instead of just going to the config file, put in the GUI or something.

915
01:00:13,306 --> 01:00:17,126
And also just the fact that everyone is aware of Notts.

916
01:00:19,946 --> 01:00:25,726
But Peter Todd, who I have a lot of disagreements with, also releases Libre Relay.

917
01:00:26,446 --> 01:00:28,506
So Libre Relay is his version of core.

918
01:00:28,946 --> 01:00:30,446
Notts is Luke's version of core.

919
01:00:31,206 --> 01:00:32,646
Notts restricts relay rules.

920
01:00:32,926 --> 01:00:34,906
Libre Relay increases relay rules.

921
01:00:35,026 --> 01:00:36,606
And people are already running Libre Relay.

922
01:00:36,606 --> 01:00:44,866
And there's a question of how many of those nodes actually need to exist there for these things to get propagated throughout the network regardless.

923
01:00:45,466 --> 01:00:48,126
And it's a much lower amount than the opposite side.

924
01:00:49,106 --> 01:00:51,326
It's some minority amount, right?

925
01:00:51,406 --> 01:01:01,666
1% of nodes, 2% of nodes that are running unrestricted relay rules are probably going to send these transactions around the network.

926
01:01:01,666 --> 01:01:06,406
um so with all that said if that was the reality we're going to live in anyway

927
01:01:06,406 --> 01:01:12,586
core could have just done nothing let that reality play out avoid all the drama avoid all the

928
01:01:12,586 --> 01:01:18,626
bullshit and our lives probably would have been way better like i just wouldn't have to deal with

929
01:01:18,626 --> 01:01:25,186
this for the last year and a half um well so i'm incredibly one sec i'm incredibly frustrated with

930
01:01:25,186 --> 01:01:31,066
core on that side um and then i'm incredibly frustrated with the gas lighting that i've had

931
01:01:31,066 --> 01:01:37,726
to deal with on the other side. It's particularly this idea that I don't care about Bitcoin as money,

932
01:01:37,806 --> 01:01:45,206
which is just fucking retarded. So both those sides have been incredibly frustrating to me.

933
01:01:45,866 --> 01:01:51,826
And we're here in the middle. I support your desire to run whatever you want to run.

934
01:01:52,946 --> 01:02:00,946
But I think the plot has been lost a bit here. And it kind of feels like just

935
01:02:00,946 --> 01:02:05,446
some kind of immune disorder or just like

936
01:02:05,446 --> 01:02:10,986
technical dedicated Bitcoiners are just attacking each other.

937
01:02:12,126 --> 01:02:12,146
Yeah.

938
01:02:12,626 --> 01:02:15,426
Now, somebody was asking earlier in the chat about the Bitcoin.

939
01:02:15,646 --> 01:02:16,846
What about Eric Bosco's Bitcoin?

940
01:02:17,126 --> 01:02:19,726
I don't know if there's stable release out there yet,

941
01:02:19,866 --> 01:02:24,166
but that implementation, so it's another implementation of Bitcoin.

942
01:02:24,846 --> 01:02:26,766
Anything that's consensus valid goes.

943
01:02:26,808 --> 01:02:35,808
in the bitcoin yeah it's like the the loosest from a policy perspective i guess is how you

944
01:02:35,808 --> 01:02:41,368
would describe it it's consensus valid it's okay in the bitcoin yeah

945
01:02:41,368 --> 01:02:48,648
i um if you want to talk for eight hours about it go find eric foskule and uh

946
01:02:48,648 --> 01:02:51,808
it'll definitely fill you.

947
01:02:52,328 --> 01:03:01,988
I also do think that, you know, there's just a lot of people want to control Bitcoin.

948
01:03:02,608 --> 01:03:04,188
The good thing is that they can't.

949
01:03:05,948 --> 01:03:12,528
But if the fight over, you know, what is the reference to implementation wasn't about Oppurtern,

950
01:03:12,588 --> 01:03:13,808
it was going to be about something else.

951
01:03:14,148 --> 01:03:17,028
Like this is something that has been brewing in the background for a while.

952
01:03:17,028 --> 01:03:29,708
Op return got changed and people that wanted to be in control of the main implementation of Bitcoin seized the moment.

953
01:03:30,808 --> 01:03:37,168
And right now, what we do see in the background is the Knotts crew is very loud on socials.

954
01:03:37,168 --> 01:03:50,148
But there are a couple of parties in the background that are working, trying to, you know, be one of the main releases for Bitcoin out there.

955
01:03:50,548 --> 01:03:53,708
And all this stuff has just been brewing in the background for years.

956
01:03:54,328 --> 01:03:56,608
It's part of the reason OpenSAT started in the first place.

957
01:03:56,608 --> 01:04:04,308
just the idea of having a independent organization that was more transparent and

958
01:04:05,128 --> 01:04:18,188
more broad so to speak than than what exists to expand the developer pool that are operating in

959
01:04:18,188 --> 01:04:23,288
bitcoin you guys are attacking bitcoin with all this developer support right that's what i hear

960
01:04:23,288 --> 01:04:30,828
on the streets i think the best part is um i mean you can agree or disagree with sailors belief that

961
01:04:30,828 --> 01:04:35,928
incredibly well-funded devs that just want to do good for bitcoin are the biggest threat to bitcoin

962
01:04:35,928 --> 01:04:42,328
but uh if you do agree with that belief it's just a weird dichotomy to not think that

963
01:04:42,328 --> 01:04:48,868
luke raising a shit ton of money for his privately funded thing while wanting to do good for bitcoin

964
01:04:48,868 --> 01:04:52,988
which he clearly wants like i clearly think luke wants to do good for bitcoin i do not doubt his

965
01:04:52,988 --> 01:05:00,148
intentions doesn't fall under that same umbrella um and i would say that if you think you know

966
01:05:00,148 --> 01:05:06,288
you want to see bitcoin being used as money i just i it should be interesting to see where

967
01:05:06,288 --> 01:05:14,688
sailor falls into all this should we stay live until we'll switch the title on the go we got the

968
01:05:14,688 --> 01:05:20,388
strategy uh earnings call coming up we'll live stream it and comment on it as it's going on

969
01:05:20,388 --> 01:05:23,408
You think they're not going to bring up the software?

970
01:05:24,588 --> 01:05:27,548
No, but we're trying to pump views here.

971
01:05:28,548 --> 01:05:30,168
Reacting to strategy.

972
01:05:31,028 --> 01:05:31,908
Sales call.

973
01:05:33,008 --> 01:05:33,708
Shareholder call.

974
01:05:34,008 --> 01:05:34,308
Live.

975
01:05:36,428 --> 01:05:41,108
On to another BIP at the application layer, which in my mind,

976
01:05:41,368 --> 01:05:45,148
considering you just spent about an hour talking about BIP444,

977
01:05:45,708 --> 01:05:50,088
this is a BIP that was also released in the last week that has not gotten

978
01:05:50,088 --> 01:05:51,428
as much attention.

979
01:05:51,568 --> 01:05:53,188
And again, it's at the application layer.

980
01:05:53,848 --> 01:05:55,408
But it is chain code delegation

981
01:05:55,408 --> 01:05:57,608
from the BitKey team.

982
01:05:57,828 --> 01:06:00,488
This was incredibly, incredibly, incredibly...

983
01:06:01,688 --> 01:06:04,148
What's the word I'm looking for?

984
01:06:04,188 --> 01:06:06,268
I was incredibly pleased to see this.

985
01:06:06,868 --> 01:06:09,308
Improving privacy and collaborative multi-sig.

986
01:06:09,768 --> 01:06:10,768
Long story short,

987
01:06:10,768 --> 01:06:12,188
the BitKey team has designed

988
01:06:12,188 --> 01:06:14,908
a way in which

989
01:06:14,908 --> 01:06:18,548
if you're engaged in a collaborative custody model,

990
01:06:18,728 --> 01:06:19,448
in BitKey's model,

991
01:06:19,448 --> 01:06:27,248
You have a key on the phone, a key on the hardware device, and then block holds a key in the cloud server that they control.

992
01:06:27,908 --> 01:06:41,448
Typically up to this point, whether you're doing it with BitKey, Unchain, Kasa, whoever it may be, when you go to make the wallet, you give a bunch of information, creates an XPUB that you send Bitcoin to.

993
01:06:41,448 --> 01:07:05,488
So with Chaincode delegation, the BitKey team has found a way to limit the amount of information that you share when you're creating a 2S3 multisig or a multisig, M of N multisig, in a way that if you hold a threshold of signatures that allow you to move the Bitcoin held within those multisig wallets,

994
01:07:05,488 --> 01:07:11,928
you can accumulate bitcoin into those wallets without the third party knowing that you have

995
01:07:11,928 --> 01:07:18,788
bitcoin so this is a privacy upgrade for collaborative multi-sig which is incredible to see

996
01:07:18,788 --> 01:07:24,388
yeah i absolutely love to see it i mean this has always been

997
01:07:24,388 --> 01:07:28,728
the biggest negative trade-off of collaborative custody

998
01:07:28,728 --> 01:07:33,268
the positive trade-off being you have someone to hold your hand

999
01:07:33,268 --> 01:07:39,028
make it easier for you to have secure multi-sig and have a secure setup.

1000
01:07:39,768 --> 01:07:41,688
And the negative was you had to trust them with your privacy.

1001
01:07:42,688 --> 01:07:48,128
So this has kind of been that kind of holy grail middle ground that people one way or

1002
01:07:48,128 --> 01:07:49,968
another were looking for, right?

1003
01:07:49,968 --> 01:07:56,008
This idea where you can have a company or even some other trusted individual, right?

1004
01:07:56,048 --> 01:08:02,148
You can imagine Uncle Jim type of scenario that is helping you with your Bitcoin custody

1005
01:08:02,148 --> 01:08:10,808
setup, but you don't want them to know your full transaction history and balance. So I think this

1006
01:08:10,808 --> 01:08:16,448
is awesome. I think it's cool that they released it out to the public. It seems like they planned

1007
01:08:16,448 --> 01:08:20,588
to, well, they say in the post that they plan to release it with BitKey. It's not in BitKey yet.

1008
01:08:22,988 --> 01:08:28,228
So, I mean, there's an alternate reality here, right, where they added it to BitKey first and

1009
01:08:28,228 --> 01:08:29,448
then released it to the public.

1010
01:08:29,988 --> 01:08:38,148
So it's pretty cool that they've been relatively consistent on building in the open and trying

1011
01:08:38,148 --> 01:08:42,488
to push forward the industry as a whole, which is just awesome to see.

1012
01:08:43,788 --> 01:08:44,028
Agreed.

1013
01:08:44,028 --> 01:08:51,648
And some nuance here, if you have privacy, so you set up the multi-state wallet, you

1014
01:08:51,648 --> 01:08:55,148
as the end user, you can send Bitcoin to the addresses associated with it.

1015
01:08:55,148 --> 01:09:02,608
the collaborative custody partner does not know where the big or does not know the addresses or

1016
01:09:02,608 --> 01:09:08,508
the amount of bitcoin in it the only way so this design and this model of collaborative custody

1017
01:09:08,508 --> 01:09:17,128
there is an instance in which your privacy would be unearthed and that is if you lose one of your

1018
01:09:17,128 --> 01:09:23,568
keys and you need the collaborative custody partner to be a co-signer in a transaction

1019
01:09:23,568 --> 01:09:25,788
for the UTXO is involved in that transaction,

1020
01:09:25,928 --> 01:09:28,908
they'll obviously know how much Bitcoin is in those addresses

1021
01:09:28,908 --> 01:09:29,928
and where they're going.

1022
01:09:30,408 --> 01:09:31,768
You're never going to get around that.

1023
01:09:31,848 --> 01:09:33,028
If they're signing a transaction,

1024
01:09:33,148 --> 01:09:34,448
they're going to know what's in the transaction.

1025
01:09:35,648 --> 01:09:39,328
The ideal world is that they don't know anything

1026
01:09:39,328 --> 01:09:41,168
until they're actually needed to sign,

1027
01:09:42,088 --> 01:09:45,508
which is awesome.

1028
01:09:47,328 --> 01:09:49,928
A couple other things in the live chat,

1029
01:09:50,048 --> 01:09:52,488
just because I don't know.

1030
01:09:52,488 --> 01:09:54,168
We try and do well by you.

1031
01:09:54,308 --> 01:09:59,468
I hope our actions have been pretty obvious over the last seven years

1032
01:09:59,468 --> 01:10:04,508
doing the show weekly, that I just want you all to take personal responsibility

1033
01:10:04,508 --> 01:10:05,828
and make your own decisions.

1034
01:10:06,968 --> 01:10:12,068
And we try not to shy away from harder conversations

1035
01:10:12,068 --> 01:10:15,468
or frustrating conversations, depending on perspective.

1036
01:10:16,288 --> 01:10:18,068
But I see a couple of comments here.

1037
01:10:18,948 --> 01:10:21,968
The first one is, didn't Sailor already share a video that said,

1038
01:10:21,968 --> 01:10:27,808
run knots at the end. There's a video of him saying that funding open source developers is

1039
01:10:27,808 --> 01:10:33,108
a risk to Bitcoin. And then at the end of the three minute video, it was like a clip from a

1040
01:10:33,108 --> 01:10:37,608
what Bitcoin did episode he did at the end of the three minute clip, clip, it said run knots. And he

1041
01:10:37,608 --> 01:10:42,448
like reposted someone else's video. So there's a decent chance that he did not know that it said

1042
01:10:42,448 --> 01:10:49,328
run knots at the end. He's kind of been dancing around a little bit, but I do like my intuition,

1043
01:10:49,328 --> 01:11:00,088
My intuition states that, believes that Saylor would not be in favor of a potentially contentious soft fork that could result in a chain split.

1044
01:11:00,268 --> 01:11:12,868
It seems ideologically against everything that he's spoken about previously, which is do as little risk as possible to a working base of a global financial system.

1045
01:11:13,388 --> 01:11:16,148
You know how chaotic it would be for Saylor if there's a chain split?

1046
01:11:16,148 --> 01:11:21,708
But that's like actually, there'd be so much chaos,

1047
01:11:21,768 --> 01:11:25,528
like in BlackRock too and stuff, there'd be a lot of chaos there.

1048
01:11:26,368 --> 01:11:27,668
I think Bitcoin would be fine,

1049
01:11:27,748 --> 01:11:30,688
but they'd have a lot of stakeholders asking them

1050
01:11:30,688 --> 01:11:32,568
how they're going to proceed, how they're going to handle it.

1051
01:11:34,728 --> 01:11:39,248
But yeah, that was a big one I wanted to answer.

1052
01:11:39,248 --> 01:11:43,048
I also saw Jor, he thanked us for clarifying, listens weekly,

1053
01:11:43,628 --> 01:11:45,288
just impossible to find direct signal.

1054
01:11:45,288 --> 01:11:46,848
Yeah, it's gotten very, very noisy.

1055
01:11:49,208 --> 01:11:53,988
I mean, just for another, like, so there's like all these different,

1056
01:11:53,988 --> 01:11:59,108
there's all these different, you know, quote unquote,

1057
01:11:59,228 --> 01:12:03,448
layer two networks that are using embedding data on chain to make their

1058
01:12:03,448 --> 01:12:05,408
network possible, Citro being one of them.

1059
01:12:06,428 --> 01:12:11,048
But Arc is another, you have like BitVM stuff.

1060
01:12:11,048 --> 01:12:27,798
And a lot of them are doing it in ways that end up on nodes where you can remove them after the fact They unprunable The whole reason OpReturn exists in the first place is because after you verify the chain

1061
01:12:28,058 --> 01:12:31,358
so after you do your first verification of the chain,

1062
01:12:31,418 --> 01:12:33,518
you download the blocks, you validate it,

1063
01:12:33,558 --> 01:12:35,818
make sure that it's following the rules of your node,

1064
01:12:36,078 --> 01:12:39,658
you can safely remove any OpReturn data from your node.

1065
01:12:40,158 --> 01:12:44,298
And you can actually do that on the fly as you're doing it.

1066
01:12:44,458 --> 01:12:46,398
So you can have much less disk space.

1067
01:12:47,278 --> 01:12:51,438
at the end of the day you just need to keep the utxo set basically that's the majority of the data

1068
01:12:52,478 --> 01:12:59,918
um so that's why operaturn exists the limit obviously you know the relay limit default

1069
01:12:59,918 --> 01:13:07,358
was there to reduce spam 100 was there to reduce spam and was relatively effective at it operaturn

1070
01:13:07,358 --> 01:13:13,278
is more expensive relay was less reliable operaturn will still be more expensive in this situation

1071
01:13:13,278 --> 01:13:20,258
relay will be more reliable um libra relay might have made this a reality regardless

1072
01:13:20,258 --> 01:13:27,478
direct api miners kind of made this a reality regardless and everyone wants to control bitcoin

1073
01:13:27,478 --> 01:13:32,178
well a lot of people want to control bitcoin um not all of us but a lot of people want to control

1074
01:13:32,178 --> 01:13:40,618
bitcoin unfortunately um it's very resistant to control by default uh that's the key value prop

1075
01:13:40,618 --> 01:13:47,118
that's like there's no way that bitcoin scales to the world and we all agree on everything

1076
01:13:47,118 --> 01:13:54,078
so the result is you just need a system that's really hard to change and very very difficult to

1077
01:13:54,078 --> 01:14:00,638
change um there's no otherwise it just falls into this governance bullshit stakeholder you know

1078
01:14:00,638 --> 01:14:05,778
stock voting and shit like that and then you just have human corruption at the end of the day

1079
01:14:05,778 --> 01:14:13,558
yeah if you haven't already go need read nick zabo's piece on uh social scalability

1080
01:14:13,558 --> 01:14:21,038
has zabo commented on this because he's very he's been very pronounced lately

1081
01:14:21,038 --> 01:14:27,438
uh has he comments on the soft fork i have not uh i've not checked on it

1082
01:14:27,438 --> 01:14:34,578
money blockchains and social scalability written in february 2017 i'm gonna go give that a read

1083
01:14:34,578 --> 01:14:36,638
it's on the Nakamoto Institute.

1084
01:14:36,818 --> 01:14:37,438
You can find it there.

1085
01:14:41,938 --> 01:14:43,238
I have not checked in on Zabo.

1086
01:14:44,578 --> 01:14:46,678
The last piece I would say is like,

1087
01:14:47,318 --> 01:14:49,138
and I actually have been very consistent on this

1088
01:14:49,138 --> 01:14:49,718
throughout the years.

1089
01:14:49,718 --> 01:14:55,078
You can go back and listen to the show

1090
01:14:55,078 --> 01:14:57,538
or different interviews and stuff.

1091
01:14:57,878 --> 01:15:00,918
I think in this type of situation,

1092
01:15:00,918 --> 01:15:03,378
if there's a concern of being contentious,

1093
01:15:03,378 --> 01:15:10,098
like the more the safer path is actually a hard fork like a preemptive hard fork like have a flag

1094
01:15:10,098 --> 01:15:18,158
day like know what day the chain split's going to happen put in put in replay protection reduce any

1095
01:15:18,158 --> 01:15:24,798
types of chaos possible and then whichever side is dictated as more valuable by the market would

1096
01:15:24,798 --> 01:15:30,778
win in that situation and it would be way less chaotic um if we're going to enter a situation

1097
01:15:30,778 --> 01:15:33,098
where you might have six block reorgs

1098
01:15:33,098 --> 01:15:35,618
or potentially even longer,

1099
01:15:35,818 --> 01:15:39,858
that's a pretty crazy time for Bitcoin.

1100
01:15:40,578 --> 01:15:42,498
I don't think anyone really benefits from that.

1101
01:15:43,778 --> 01:15:47,258
Or do the work to build consensus ahead of time

1102
01:15:47,258 --> 01:15:48,858
before you push through a soft fork.

1103
01:15:49,858 --> 01:15:51,438
And that usually does not result,

1104
01:15:51,758 --> 01:15:53,178
the best way to do that

1105
01:15:53,178 --> 01:15:54,818
is probably not social media mobs

1106
01:15:54,818 --> 01:15:56,218
calling people cucks and shit.

1107
01:15:56,798 --> 01:15:58,258
That's probably trying to bridge the gap.

1108
01:15:59,098 --> 01:15:59,998
That's hard though.

1109
01:16:00,778 --> 01:16:02,578
I'll go the hard route.

1110
01:16:03,818 --> 01:16:05,418
It's an existential crisis.

1111
01:16:08,258 --> 01:16:09,418
All right, moving on.

1112
01:16:09,618 --> 01:16:13,058
Advancements in Bitcoin and Lightning wallets, OpenSats.

1113
01:16:13,758 --> 01:16:21,458
An organization you may have heard of came out with an update on some of the advancements in the wallet space.

1114
01:16:22,018 --> 01:16:23,618
I'm sure you've heard of this organization.

1115
01:16:23,758 --> 01:16:25,118
I'm sure you've read this blog post.

1116
01:16:25,118 --> 01:16:28,118
What drew your eye here, Matt?

1117
01:16:28,118 --> 01:16:33,158
So at OpenSets, I'm very proud of what we built.

1118
01:16:34,258 --> 01:16:40,098
We've funded over 330 grants, over $30 million, almost $30 million.

1119
01:16:40,398 --> 01:16:50,018
We're just under $30 million has been sent out in open source grants over the last five years, all in Bitcoin, all made possible because Bitcoin is the best money.

1120
01:16:50,358 --> 01:16:51,758
We run on a full Bitcoin standard.

1121
01:16:51,758 --> 01:16:55,538
We take zero fees of donations, no cut of donations.

1122
01:16:58,118 --> 01:17:05,658
And we're sending out almost a million dollars a month to open source contributors in 40 plus countries.

1123
01:17:05,938 --> 01:17:13,318
I think the level of success is pretty hard to grasp.

1124
01:17:15,398 --> 01:17:18,718
And I don't think people really appreciate it.

1125
01:17:18,838 --> 01:17:24,578
A lot of the wallets they're using, a very small subset of that, by the way, is protocol work.

1126
01:17:24,578 --> 01:17:31,198
A lot of the wallets people are using, the Nostra apps people are using, things like BTC Pay Server, PayJoin.

1127
01:17:32,538 --> 01:17:37,038
We're going to have massive, we're seeing massive improvements in PayJoin across the network.

1128
01:17:37,258 --> 01:17:38,638
We've been heavily involved in that.

1129
01:17:40,418 --> 01:17:46,338
But a lot of these other charities, like a lot of other charities are able, they do like these massive PR pushes and stuff, right?

1130
01:17:46,338 --> 01:17:48,378
Like they have like beautiful brochures and everything.

1131
01:17:48,818 --> 01:17:51,598
But that's all getting pulled out of donations, right?

1132
01:17:51,598 --> 01:17:59,598
Like they're able to do that because they're spending a bunch of money on operations that we're not spending because we're not taking money out of donations.

1133
01:17:59,998 --> 01:18:02,118
So we're trying to do more of these impact reports.

1134
01:18:02,978 --> 01:18:04,478
And this is our latest impact report.

1135
01:18:04,618 --> 01:18:13,058
And the idea is let's showcase, you know, some of the successes that our open source contributors have had that we're providing grants for and supporting them.

1136
01:18:13,298 --> 01:18:17,318
And this one was about Bitcoin wallets, both on-chain and Lightning.

1137
01:18:17,778 --> 01:18:22,598
So I'd encourage people to give it a read if you're curious, if you actually want to know what we're funding and what we're doing.

1138
01:18:23,478 --> 01:18:39,278
And if you like what you see, in an ideal world, I would rather if the majority of funding for OpenSats wasn't coming from large corporations and a few rich people who undoubtedly mean well and we're very grateful for their support.

1139
01:18:39,418 --> 01:18:41,518
But it'd be better if that base was distributed more.

1140
01:18:42,298 --> 01:18:43,518
And so you can donate with Bitcoin.

1141
01:18:44,038 --> 01:18:45,818
You can donate with Bitcoin anonymously.

1142
01:18:45,818 --> 01:18:52,538
you can donate with Bitcoin under your name and get a tax deduction because we're 501c3.

1143
01:18:52,878 --> 01:18:55,938
Or you can donate with dollars and we'll automatically convert that to Bitcoin,

1144
01:18:56,278 --> 01:19:02,538
hold that in our multi-sig treasury. And recently we added the ability for you to donate with dollars

1145
01:19:02,538 --> 01:19:09,098
reoccurring, $20 a month, and we'll automatically convert into Bitcoin. So you can just go to

1146
01:19:09,098 --> 01:19:13,938
opensats.org if you want to learn more there. That's obviously also tax deductible. And so

1147
01:19:13,938 --> 01:19:17,658
The dream is you have 100,000 ride or dies

1148
01:19:17,658 --> 01:19:18,938
given $20 a month.

1149
01:19:19,938 --> 01:19:23,018
And then we just accelerate the open source movement.

1150
01:19:23,358 --> 01:19:26,638
We just push this whole movement 10 years, 20 years faster.

1151
01:19:28,338 --> 01:19:35,598
So maybe we can avoid VR sex pods reality.

1152
01:19:37,158 --> 01:19:38,438
They're coming, aren't they?

1153
01:19:40,658 --> 01:19:41,858
More ways than one.

1154
01:19:42,498 --> 01:19:43,078
Nice pun.

1155
01:19:43,938 --> 01:19:51,258
thank you for the work that you gg and everybody else at open sets does to make this possible

1156
01:19:51,258 --> 01:19:58,258
consider donating freaks if you're supporting the show using podcasting 2.0 if you're boosting

1157
01:19:58,258 --> 01:20:04,798
the episode streaming of sats as you listen i believe five percent to ten percent of every

1158
01:20:04,798 --> 01:20:10,678
stream boost is going straight to open sats lightning node yeah we run our own lightning

1159
01:20:10,678 --> 01:20:18,278
notes so you can also you can donate uh with with zaps through the uh the lightning address or with

1160
01:20:18,278 --> 01:20:25,398
the podcasting 2.0 it uses bare pub keys but a lot of podcasts ours included uh dispatch as well

1161
01:20:25,398 --> 01:20:30,098
there's a bunch of others that when you when you support through podcasting 2.0 a cut just

1162
01:20:30,098 --> 01:20:35,018
automatically goes to open saps which is really cool i'm just in the process of good faith i just

1163
01:20:35,018 --> 01:20:43,538
want to comment i see rowney is back to the knots discussion oh jesus come on wait no this i think

1164
01:20:43,538 --> 01:20:49,698
this is important i think it's important right um so rowney uh says i just think that knots in this

1165
01:20:49,698 --> 01:20:53,878
self-work are different things i agree with what knots represents but i'm not sure yet if this

1166
01:20:53,878 --> 01:20:57,858
self-work is the solution but i'm also not sure that doing nothing and letting nodes upgrade to

1167
01:20:57,858 --> 01:21:02,418
core 30 until there's all kind of data on the blockchain is the way to go and this is why i've

1168
01:21:02,418 --> 01:21:08,038
been very consistent in my personal recommendation, how I view the situation, which is you can just not

1169
01:21:08,038 --> 01:21:12,778
update your note. And this is something that we've talked about for years. Like one of the core

1170
01:21:12,778 --> 01:21:18,238
tenants, one of the core checks on Bitcoin core maintainers is that there's no auto updates,

1171
01:21:19,078 --> 01:21:24,858
that you're not automatically updating to the latest version. I think NVK brags that he runs

1172
01:21:24,858 --> 01:21:30,018
his organization on V19. I don't know how many years ago it was. I think that was like right

1173
01:21:30,018 --> 01:21:35,578
after segwit um maybe don't go that far back i think you know there was a lot of nice improvements

1174
01:21:35,578 --> 01:21:43,258
that have happened since then um but you can that's the cool part and so my concern with you

1175
01:21:43,258 --> 01:21:51,898
know while i think a lot of proponents on the not sides means well is if instead you're just

1176
01:21:51,898 --> 01:21:57,358
updating to whatever the latest knots version is and luke decides that he wants to soft fork this

1177
01:21:57,358 --> 01:22:01,838
thing then you are going to be running the soft fork that has always been the concern but if you

1178
01:22:01,838 --> 01:22:07,838
just run an old version and don't update and see how all this plays out you don't have that that

1179
01:22:07,838 --> 01:22:34,548
risk so it actually is kind of one in the same this is what it was all building up to the entire dot anyway that was gonna have done it again a little bit i think it important allow it allow it all right i looking for the financial freedom report i don know if it come out yet today

1180
01:22:34,548 --> 01:22:39,308
i mean i said we weren't going to talk about not to get him for five minutes but

1181
01:22:39,308 --> 01:22:43,488
But Jevy, RiderDiveFreak, makes a good point that in Knotts,

1182
01:22:43,548 --> 01:22:47,368
one of the changes Luke made is that after two years,

1183
01:22:47,448 --> 01:22:49,168
your Knotts release doesn't work anymore.

1184
01:22:49,248 --> 01:22:52,188
You have to update, which is just ridiculous.

1185
01:22:52,188 --> 01:22:52,788
Like, no.

1186
01:22:54,928 --> 01:22:55,768
Don't do that.

1187
01:22:58,748 --> 01:22:59,348
All right.

1188
01:23:00,308 --> 01:23:00,688
Sorry.

1189
01:23:01,128 --> 01:23:06,128
Probably not the final word on the matter, but we'll see.

1190
01:23:06,268 --> 01:23:09,008
You were in Nugano last week.

1191
01:23:09,008 --> 01:23:13,208
I don't think we read a Human Rights Foundation story of the week.

1192
01:23:14,088 --> 01:23:19,908
But we can read one and we can create a new one for Arsh and crew for this week.

1193
01:23:22,328 --> 01:23:28,008
The Ivory Coast, Cote d'Ivory, BitChat usage increases during pro-democracy protests.

1194
01:23:29,128 --> 01:23:34,388
Ahead of the October 25th presidential elections, protests are spreading across Cote d'Ivory.

1195
01:23:34,388 --> 01:23:38,648
And use of BitChat offline and encrypted messaging tool is increasing.

1196
01:23:39,008 --> 01:23:58,828
In early October, officials banned public protests on the Constitutional Council's decisions to reject opposition candidates while approving the candidacy of an incumbent president, Alassane Awatara, who has defined term limits to seek a fourth term in office.

1197
01:23:58,828 --> 01:24:02,888
security forces use tear gas on peaceful demonstrators and arresting more than 250

1198
01:24:02,888 --> 01:24:08,348
people this marks the fourth recorded instance of surging bid chat activity during periods of

1199
01:24:08,348 --> 01:24:14,908
civil unrest as people turn to freedom tech when rights are restricted and i'm going to write one

1200
01:24:14,908 --> 01:24:21,268
for the financial freedom report this week it's really not financially related but could be um

1201
01:24:21,268 --> 01:24:27,568
and not political unrest or civil unrest but i think i know you're going with it as we all know

1202
01:24:27,568 --> 01:24:31,688
Jamaica was subjected to Hurricane Melissa this week,

1203
01:24:31,988 --> 01:24:35,648
largest Cat 5 hurricane to make landfall since Katrina.

1204
01:24:36,268 --> 01:24:39,848
Obviously, Jamaica is a small island nation in the Atlantic,

1205
01:24:40,288 --> 01:24:44,468
and you want the tech to be there when you need it.

1206
01:24:44,468 --> 01:24:46,348
And it was cool to see.

1207
01:24:46,568 --> 01:24:48,828
I mean, not cool to see what's happening in Jamaica.

1208
01:24:48,948 --> 01:24:50,628
Obviously, it's horrible.

1209
01:24:51,408 --> 01:24:55,968
BitChat was the number two downloaded app in Jamaica this week

1210
01:24:55,968 --> 01:24:57,868
as things were getting chaotic for them.

1211
01:24:59,028 --> 01:25:00,048
Yeah, I mean, historically,

1212
01:25:00,248 --> 01:25:00,848
I mean, historically,

1213
01:25:00,968 --> 01:25:02,668
it's a relatively recent app, right?

1214
01:25:02,668 --> 01:25:05,868
But you see the boosts on the protest side, right?

1215
01:25:05,948 --> 01:25:07,168
And the uprising side.

1216
01:25:07,308 --> 01:25:08,768
This is the first time we've actually seen it

1217
01:25:08,768 --> 01:25:09,908
in a disaster scenario.

1218
01:25:11,068 --> 01:25:13,148
And it's a perfect example of,

1219
01:25:13,668 --> 01:25:16,988
you know, when you have really useful freedom tech,

1220
01:25:17,108 --> 01:25:19,868
it can be used in many different situations

1221
01:25:19,868 --> 01:25:21,388
to empower individuals.

1222
01:25:22,168 --> 01:25:23,428
And this is, you know,

1223
01:25:23,428 --> 01:25:30,448
a perfect example of a disaster situation where you might lose power, you might lose

1224
01:25:30,448 --> 01:25:36,328
traditional communications and having robust mesh communications, ideally that have Bitcoin

1225
01:25:36,328 --> 01:25:43,008
integrated. So you can send money around to become very, very powerful. And on that note,

1226
01:25:43,048 --> 01:25:48,508
by the way, one of my fellow unpaid board members, volunteers at OpenSats Dread,

1227
01:25:48,508 --> 01:26:05,868
He's based in Jamaica. He's building a business out there and a family. And he's been live posting about the damage that's been done over there. And he's raising funds as well through his BTC pay server.

1228
01:26:05,868 --> 01:26:08,408
so if you go to primal.net

1229
01:26:08,408 --> 01:26:09,288
slash dread

1230
01:26:09,288 --> 01:26:12,448
there's a link there right at the top

1231
01:26:12,448 --> 01:26:14,268
of the page to his BTC

1232
01:26:14,268 --> 01:26:15,988
pay server if you want to send some Bitcoin

1233
01:26:15,988 --> 01:26:18,188
I

1234
01:26:18,188 --> 01:26:19,748
you know I have

1235
01:26:19,748 --> 01:26:22,328
a ton of

1236
01:26:22,328 --> 01:26:24,208
respect and trust in Dredd that if you get him

1237
01:26:24,208 --> 01:26:25,968
Bitcoin he will put it to use

1238
01:26:25,968 --> 01:26:26,948
in a good way

1239
01:26:26,948 --> 01:26:30,448
I donated

1240
01:26:30,448 --> 01:26:32,048
yesterday I highly recommend

1241
01:26:32,048 --> 01:26:34,048
you all do Dredd is

1242
01:26:34,048 --> 01:26:34,908
one of the nicer

1243
01:26:34,908 --> 01:26:36,968
humans I've met in the space.

1244
01:26:37,628 --> 01:26:38,968
He's a wonderful human being.

1245
01:26:39,488 --> 01:26:43,868
I mean, in those disaster situations

1246
01:26:43,868 --> 01:26:46,268
when you can just zap Bitcoin into them,

1247
01:26:46,588 --> 01:26:47,908
you really feel the power.

1248
01:26:50,008 --> 01:26:53,108
No middleman, just straight to where it's needed.

1249
01:26:54,388 --> 01:26:57,728
Very privately, instantly, pretty crazy.

1250
01:27:00,128 --> 01:27:04,728
Yeah, that, I mean, just the radar.

1251
01:27:04,908 --> 01:27:09,048
radar videos of that

1252
01:27:09,048 --> 01:27:09,868
of that storm

1253
01:27:09,868 --> 01:27:10,348
were insane

1254
01:27:10,348 --> 01:27:11,508
I'm sure you saw the video

1255
01:27:11,508 --> 01:27:12,728
the plane flying

1256
01:27:12,728 --> 01:27:13,328
through the eye

1257
01:27:13,328 --> 01:27:15,268
mother nature

1258
01:27:15,268 --> 01:27:15,748
I did not

1259
01:27:15,748 --> 01:27:17,308
you didn't see that

1260
01:27:17,308 --> 01:27:17,908
Logan

1261
01:27:17,908 --> 01:27:18,628
find the

1262
01:27:18,628 --> 01:27:19,628
I've been traveling

1263
01:27:19,628 --> 01:27:20,408
with children

1264
01:27:20,408 --> 01:27:21,628
I'm just

1265
01:27:21,628 --> 01:27:23,548
find the plane

1266
01:27:23,548 --> 01:27:24,688
flying through the eye

1267
01:27:24,688 --> 01:27:25,028
Melissa

1268
01:27:25,028 --> 01:27:25,848
it's insane

1269
01:27:25,848 --> 01:27:26,428
like

1270
01:27:26,428 --> 01:27:27,868
just a raw power

1271
01:27:27,868 --> 01:27:29,608
that mother nature

1272
01:27:29,608 --> 01:27:29,948
can

1273
01:27:29,948 --> 01:27:32,008
can garner up

1274
01:27:32,008 --> 01:27:33,208
and it was a direct hit

1275
01:27:33,208 --> 01:27:34,828
no the fucked up

1276
01:27:34,828 --> 01:27:41,228
part was how i found out jamaica was getting hit by a hurricane was gg messaged our board group chat

1277
01:27:41,228 --> 01:27:46,128
and was like guys like i know you're volunteers but you have to review all these applications

1278
01:27:46,128 --> 01:27:49,568
we're getting all these applications and you have to review them and dread responds back he's like

1279
01:27:49,568 --> 01:27:54,108
dude i have a hurricane hitting me right now and that's how me and gg found out that there was a

1280
01:27:54,108 --> 01:27:54,528
hurricane

1281
01:27:54,528 --> 01:28:02,148
damn yeah that's insane

1282
01:28:02,148 --> 01:28:07,828
fucking brutal man yeah

1283
01:28:07,828 --> 01:28:13,668
oh i forgot about this i didn't put it on the list

1284
01:28:13,668 --> 01:28:23,348
well first of all support jamaica and uh to all the all the freaks out there um

1285
01:28:23,348 --> 01:28:28,548
our prayers are with you i mean it's going to be rough and uh

1286
01:28:29,668 --> 01:28:35,668
anything we can do to help i don't know where i feel like kind of helpless like like marty said i

1287
01:28:35,668 --> 01:28:40,728
donated as well i encourage the freaks to do it but if we can be helpful in any other way let us

1288
01:28:40,728 --> 01:28:51,648
know um freaks freaks have to stand together yes what did you forget did you see simple x is adding

1289
01:28:51,648 --> 01:29:03,548
a shit coin no someone posted in a live chat i am simple x coin there is i didn't look deeply

1290
01:29:03,548 --> 01:29:13,288
into it there's like some nft involved it's to incentivize uh incentivized uh servers people

1291
01:29:13,288 --> 01:29:19,828
hosting servers instead of a centralized way i'm sure i'm sure it's coming from a well i'm not sure

1292
01:29:19,828 --> 01:29:21,768
but it probably is coming from a good place.

1293
01:29:23,268 --> 01:29:26,508
I don't know what kind of run-seeking schemes are set up there

1294
01:29:26,508 --> 01:29:32,108
for SimpleX itself to basically take a pre-mine or anything like that.

1295
01:29:33,948 --> 01:29:38,108
But I have to look into it better, but high level is disappointing.

1296
01:29:38,728 --> 01:29:39,848
This is something we see a lot.

1297
01:29:40,328 --> 01:29:44,888
Session Messenger was another one that incorporated a shitcoin.

1298
01:29:44,888 --> 01:29:48,388
The tech seemed pretty solid on the privacy messenger front.

1299
01:29:49,828 --> 01:29:53,928
I think Telegram has a lot of issues, but they also just aped into fucking shit coins.

1300
01:29:55,008 --> 01:30:02,588
Obviously, Signal went with MobileCoin and then kicked out their founder due to his ties on it.

1301
01:30:02,708 --> 01:30:04,248
Part of the reason they kicked him out.

1302
01:30:05,988 --> 01:30:15,308
NIM is like a privacy network that is trying to be an alternative to Tor and also incorporated all this shit coinery into it.

1303
01:30:15,308 --> 01:30:21,768
um and i would just say out there to all the developers out there that to the ones that mean

1304
01:30:21,768 --> 01:30:28,468
well you know there's there's a path where you can do this without shit coins uh it might be the

1305
01:30:28,468 --> 01:30:37,388
harder path it might not be as lucrative oh yeah keybase shit coined it's a story as old as time

1306
01:30:37,388 --> 01:30:44,548
um keybase was so dope before they fucked it up yeah i think you can fix a lot of these things with

1307
01:30:44,548 --> 01:30:53,148
without blockchains uh with sats you can use sats um maybe cashew has a place in it um

1308
01:30:53,148 --> 01:31:01,208
maybe things you know like arc um but there's there's there's there's definitely a yeah i was

1309
01:31:01,208 --> 01:31:07,688
talking with um my last two sale dispatches was with francis of bull bitcoin who's incredibly

1310
01:31:07,688 --> 01:31:14,688
bullish on ARK and Alex B who's been working on ARK and just like very excited about it.

1311
01:31:14,808 --> 01:31:17,548
You've been skeptical, man. I've been bullish on ARK for like over a year now.

1312
01:31:18,268 --> 01:31:22,928
Well, my rule of thumb is like you ignore the hype until they ship something and they shipped it.

1313
01:31:23,408 --> 01:31:30,208
So that's usually the same path to take. By the way, I don't know if I said it,

1314
01:31:30,208 --> 01:31:34,068
but the five minutes is up. I think BIP444 might block ARK.

1315
01:31:34,068 --> 01:31:46,488
um it's up so because it messes with some tap or script stuff right yeah tap script yeah one of

1316
01:31:46,488 --> 01:31:51,508
the limits i think blocks how arc works a lot of that is above my pay grade i mean if you listen

1317
01:31:51,508 --> 01:31:56,668
back to the early days of lightning um like we got a lot of things wrong with lightning until we

1318
01:31:56,668 --> 01:32:02,448
used it in practice like that's how i learned so my understanding our understanding of arc is at

1319
01:32:02,448 --> 01:32:04,128
at its lowest level possible right now.

1320
01:32:04,128 --> 01:32:05,568
It'll only improve over time.

1321
01:32:09,388 --> 01:32:21,178
But yeah I don think to the devs out there you don have to shitcoin And I think what really interesting is stuff like key chat and white noise that are trying to and bit chat that are trying to use Noster and sats to solve this similar

1322
01:32:21,178 --> 01:32:22,338
problem without,

1323
01:32:22,338 --> 01:32:22,758
you know,

1324
01:32:22,798 --> 01:32:24,118
having centralized servers,

1325
01:32:24,118 --> 01:32:25,498
um,

1326
01:32:25,898 --> 01:32:28,538
that are,

1327
01:32:28,638 --> 01:32:28,898
you know,

1328
01:32:29,198 --> 01:32:33,838
obviously vulnerable to denial of service attacks and takedowns and stuff.

1329
01:32:34,658 --> 01:32:35,138
No,

1330
01:32:35,998 --> 01:32:37,298
you don't have to shit coin.

1331
01:32:38,218 --> 01:32:40,358
You don't have to add it to your chatting app.

1332
01:32:40,418 --> 01:32:43,098
You don't have to add it to your Wi-Fi portal.

1333
01:32:43,298 --> 01:32:46,738
You don't have to add it to your social media platform.

1334
01:32:49,658 --> 01:32:50,418
What's your goal?

1335
01:32:50,878 --> 01:32:53,038
Your goal is to monetize these things, right?

1336
01:32:53,138 --> 01:32:59,158
That's what you're trying to do by creating these tokens and trying to force a utility use case on the market.

1337
01:32:59,158 --> 01:33:12,458
You're trying to get paid for providing a service, whether that's producing content, giving people access to Wi-Fi, giving people robust messaging apps, or you want your users to be able to monetize within these things.

1338
01:33:12,978 --> 01:33:14,118
Just use the best money.

1339
01:33:14,898 --> 01:33:20,858
Listen, read the title of this episode, Bitcoin is the Best Money Ever.

1340
01:33:21,578 --> 01:33:27,338
Why would you use shitcoin to solve this monetary use cases when the best money ever exists?

1341
01:33:27,338 --> 01:33:29,758
and you can just use that.

1342
01:33:30,838 --> 01:33:31,578
Seems a bit lazy.

1343
01:33:32,898 --> 01:33:33,818
That's all true.

1344
01:33:34,798 --> 01:33:37,138
But you can also make a shit ton of fucking money.

1345
01:33:37,398 --> 01:33:39,218
Shit ton of fucking Bitcoin shit coining.

1346
01:33:40,098 --> 01:33:40,478
That's true.

1347
01:33:40,918 --> 01:33:43,598
If you're the one releasing the shit coin.

1348
01:33:43,598 --> 01:33:44,818
I take it all back.

1349
01:33:44,938 --> 01:33:47,518
Matt and I are launching RHR coin.

1350
01:33:48,138 --> 01:33:49,218
It's going to be what?

1351
01:33:49,818 --> 01:33:50,918
It's scarcer than Bitcoin.

1352
01:33:51,098 --> 01:33:53,498
There's only 20 and a half million RHR coins

1353
01:33:53,498 --> 01:33:54,318
that will ever exist.

1354
01:33:55,918 --> 01:33:57,298
Nobody can control it.

1355
01:33:57,338 --> 01:33:58,498
Two-minute block times.

1356
01:34:02,878 --> 01:34:03,798
Highly recommend it.

1357
01:34:03,818 --> 01:34:04,598
It's going to be the next Bitcoin.

1358
01:34:05,038 --> 01:34:05,398
We're not.

1359
01:34:06,518 --> 01:34:08,018
Never shitcoin, never will.

1360
01:34:08,698 --> 01:34:09,558
That's the standard.

1361
01:34:10,258 --> 01:34:11,278
We have a token.

1362
01:34:11,478 --> 01:34:12,038
It's called Bitcoin.

1363
01:34:12,878 --> 01:34:14,058
Yes, that was my whole point.

1364
01:34:14,798 --> 01:34:18,978
I have a 10-minute hard stop here,

1365
01:34:18,978 --> 01:34:21,918
so I just want to cover.

1366
01:34:22,758 --> 01:34:23,658
One of the things,

1367
01:34:23,858 --> 01:34:26,298
we got sidetracked because of the SimpleX token,

1368
01:34:26,298 --> 01:34:28,778
but a huge shout out to HRF and their development fund.

1369
01:34:31,218 --> 01:34:35,238
Their most recent round supported 20 projects worldwide.

1370
01:34:36,638 --> 01:34:38,398
It looks like they said a billion SATs.

1371
01:34:38,538 --> 01:34:41,378
So 10 Bitcoin was sent to 20 projects worldwide.

1372
01:34:43,038 --> 01:34:45,218
Some pretty awesome projects listed here.

1373
01:34:46,598 --> 01:34:49,698
And absolutely, absolutely love to see it.

1374
01:34:52,938 --> 01:34:54,438
Shout out to HRF.

1375
01:34:56,298 --> 01:34:59,998
bitcoin development fund i'm scrolling here it looks like i'm not paying attention but i am

1376
01:34:59,998 --> 01:35:02,998
paying attention i wanted to pull this up while we're talking about

1377
01:35:02,998 --> 01:35:09,518
need for tokens like particularly on like the web 3.0 thing i saw this from cali earlier this

1378
01:35:09,518 --> 01:35:14,678
week i just thought this was really cool um he was highlighting how simple cashew is just the

1379
01:35:14,678 --> 01:35:19,458
entire spec for the 402 protocol for selling api access through cashew tokens and it's literally

1380
01:35:19,458 --> 01:35:22,218
like 15 lines of text

1381
01:35:22,218 --> 01:35:23,518
with code included

1382
01:35:23,518 --> 01:35:26,418
or something like that. There's beauty in simplicity.

1383
01:35:27,318 --> 01:35:28,538
You don't have to complicate things.

1384
01:35:29,598 --> 01:35:30,498
It's over by pay

1385
01:35:30,498 --> 01:35:32,598
grade to be able to audit the system, but I trust

1386
01:35:32,598 --> 01:35:34,298
that it works

1387
01:35:34,298 --> 01:35:36,358
the way in which it's supposed to, and it looks

1388
01:35:36,358 --> 01:35:37,158
incredibly simple.

1389
01:35:38,278 --> 01:35:40,598
You want to be able to monetize content.

1390
01:35:40,638 --> 01:35:41,558
Yeah, really fucking cool.

1391
01:35:42,218 --> 01:35:42,438
Yeah.

1392
01:35:44,658 --> 01:35:45,758
I thought this was cool.

1393
01:35:45,758 --> 01:35:52,138
um you've got a hard stop in 10 let's talk about replicator

1394
01:35:52,138 --> 01:35:59,778
well first real quick fountain formally announced that they're releasing their podcast uh their app

1395
01:35:59,778 --> 01:36:04,678
for podcasters so now they're not just an app where you can listen to podcasts and support

1396
01:36:04,678 --> 01:36:09,738
podcasts and comment on podcasts um but now they're also a podcast host where you can host

1397
01:36:09,738 --> 01:36:10,718
your podcast with them.

1398
01:36:11,418 --> 01:36:13,998
I believe Marty's hosting TFTC with them.

1399
01:36:14,618 --> 01:36:17,078
We're together hosting RHR with them.

1400
01:36:17,678 --> 01:36:19,278
It's been a really great experience.

1401
01:36:19,378 --> 01:36:20,618
We've basically been testing it.

1402
01:36:21,358 --> 01:36:23,758
I'm not hosting Sill Dispatch with them.

1403
01:36:23,878 --> 01:36:28,578
I'm hosting Sill Dispatch with a awesome small company called Podhome.

1404
01:36:29,498 --> 01:36:32,418
That's also very much focused on podcasting 2.0.

1405
01:36:33,278 --> 01:36:34,898
But this seems awesome.

1406
01:36:34,898 --> 01:36:43,378
So if you're currently hosting your podcast with Spotify or some other inferior host, consider checking it out.

1407
01:36:43,838 --> 01:36:45,018
They have Noster integration.

1408
01:36:45,438 --> 01:36:46,538
They have Lightning integration.

1409
01:36:46,678 --> 01:36:47,758
They have video integration.

1410
01:36:48,818 --> 01:36:50,358
And the UX is phenomenal.

1411
01:36:50,518 --> 01:36:51,178
Paid subscriptions.

1412
01:36:51,758 --> 01:36:54,118
You can get RHR ad-free, pay with Bitcoin.

1413
01:36:55,258 --> 01:36:56,098
Pretty cool.

1414
01:36:57,318 --> 01:36:57,438
Yeah.

1415
01:36:57,438 --> 01:37:02,378
And from like the podcast perspective, just the amount of data dashboards,

1416
01:37:02,478 --> 01:37:06,418
they track your revenue, obviously track your audience,

1417
01:37:06,518 --> 01:37:09,438
your episode downloads, but I've been on Libsyn.

1418
01:37:10,258 --> 01:37:17,278
I've been on Anchor and now I can confidently say that from an all around

1419
01:37:17,278 --> 01:37:20,178
feature set, this is the best platform that I've used.

1420
01:37:20,358 --> 01:37:25,518
I think being able to create paid subscriptions that get people early access,

1421
01:37:25,518 --> 01:37:31,718
add free access um video compatible it's completely video compatible too so if you want to

1422
01:37:31,718 --> 01:37:37,038
upload videos to it make sure that people on spotify can watch the video if you're doing a

1423
01:37:37,038 --> 01:37:44,018
video podcast it just works so highly recommend it shout out to oscar nick and team there at oscar

1424
01:37:44,018 --> 01:37:49,238
for getting this out they've been shipping a lot this year i'd love to see it i'd love to see it

1425
01:37:49,238 --> 01:37:53,038
yeah i mean the consumer side app too for listening has gotten so much better

1426
01:37:53,038 --> 01:37:55,778
and I love just the integration with Nostra.

1427
01:37:56,398 --> 01:37:58,018
Open protocols for the win.

1428
01:37:58,458 --> 01:37:59,698
You do not need to shitcoin.

1429
01:38:02,458 --> 01:38:05,518
And then last but not least, Replicators here,

1430
01:38:06,038 --> 01:38:09,398
which is a new Nostra project,

1431
01:38:09,998 --> 01:38:11,138
which I just thought was cool.

1432
01:38:13,418 --> 01:38:17,878
It's just the idea of replicating data

1433
01:38:17,878 --> 01:38:21,278
between relays on the fly if you're switching relays

1434
01:38:21,278 --> 01:38:26,558
and and a third party can do it so like if you're like you change on your profile you're like now

1435
01:38:26,558 --> 01:38:32,178
my posts are going to be on this relay instead of this relay uh the third party can automatically just

1436
01:38:32,178 --> 01:38:37,918
swap over your data from those two relays well not you're not swapping the data you're copying

1437
01:38:37,918 --> 01:38:45,118
the data to the to the new relay which is cool simple um i think this came out of sovereign

1438
01:38:45,118 --> 01:38:56,138
engineering uh the madera incubator type thing going on over there with gg and pablo and others

1439
01:38:56,138 --> 01:39:03,638
github's uh associated with coracle so it's official coracle sub project well this is it's

1440
01:39:03,638 --> 01:39:09,758
because it's halibod um yeah but i either halibod was at sovereign engineering or he heard a

1441
01:39:09,758 --> 01:39:12,378
conversation from sovereign engineering that inspired it.

1442
01:39:13,118 --> 01:39:17,198
But Hadobop, another open source developer legend,

1443
01:39:17,358 --> 01:39:20,538
really cool that he can work on open source full time,

1444
01:39:21,338 --> 01:39:23,178
proudly support him at OpenSats.

1445
01:39:26,118 --> 01:39:30,978
Last but not least, token 1031 shill of the episode,

1446
01:39:30,978 --> 01:39:35,038
our partner at the firm, Jonathan Kirkwood,

1447
01:39:35,358 --> 01:39:39,338
wrote an article on digital industrialization,

1448
01:39:39,338 --> 01:39:45,638
labor land labor and capital again to the end of the episode i can't speak um i just thought this

1449
01:39:45,638 --> 01:39:50,838
was really good highlighting the uh transition that we made and we're making in three different

1450
01:39:50,838 --> 01:39:56,858
facets you have land labor and capital land stores went from physical storefronts where

1451
01:39:56,858 --> 01:40:03,158
location location location was key internet comes boom your storefront is nowhere and everywhere

1452
01:40:03,158 --> 01:40:08,738
all at once with e-com labor we're beginning to see that with the emergence of artificial

1453
01:40:08,738 --> 01:40:14,438
intelligence you can do more with less much cheaper the nature of labor seems to be changing

1454
01:40:14,438 --> 01:40:19,338
in real time i've seen this up close and personal so is matt matt did you make that

1455
01:40:19,338 --> 01:40:31,078
1031 ai video that was just posted yeah what'd you do that with um sora yeah how much that cost

1456
01:40:31,078 --> 01:40:36,158
you like five bucks you like that that was like the the that was the second one it got a lot better

1457
01:40:36,158 --> 01:40:43,598
from the first one yeah but that was cheap right you know yeah super cheap it was but i mean it's

1458
01:40:43,598 --> 01:40:50,198
like the 200 monthly subscription or whatever yeah um so labor transforming obviously matt made a

1459
01:40:50,198 --> 01:40:57,518
high quality production on the go and then capital i saw i saw marty marty's uh marty's ai videos and

1460
01:40:57,518 --> 01:41:03,118
i got curious it's fun it's uh it's my buddy my buddy from high school i've been doing out with

1461
01:41:03,118 --> 01:41:08,178
him hell yeah the only guy the only guy from high school that listened to me about bitcoin

1462
01:41:08,178 --> 01:41:15,138
i love i love those guys yeah i have a few of them as well a true ride or die

1463
01:41:15,138 --> 01:41:19,258
and then obviously the last part of that triforce is capital digital capital

1464
01:41:19,258 --> 01:41:22,378
going from fiat currency owned by

1465
01:41:22,378 --> 01:41:29,458
governments and central banks to the open source digital scarce capital that will be money

1466
01:41:29,458 --> 01:41:31,958
that is money already in Bitcoin.

1467
01:41:34,118 --> 01:41:34,958
It's a good piece.

1468
01:41:35,498 --> 01:41:35,918
It's a good piece.

1469
01:41:36,018 --> 01:41:36,338
Give it a read.

1470
01:41:37,538 --> 01:41:38,078
Check it out.

1471
01:41:38,218 --> 01:41:38,878
You've got to run here.

1472
01:41:39,058 --> 01:41:39,758
We've got two minutes.

1473
01:41:39,878 --> 01:41:40,618
Anything you want to say?

1474
01:41:42,518 --> 01:41:44,778
I've got a baby in the background here now.

1475
01:41:44,998 --> 01:41:45,818
I've got the baby in the room.

1476
01:41:46,078 --> 01:41:46,478
It's the way.

1477
01:41:46,638 --> 01:41:47,278
I have more children.

1478
01:41:47,618 --> 01:41:48,558
I have more children freaks.

1479
01:41:48,758 --> 01:41:49,678
Raise strong families.

1480
01:41:49,938 --> 01:41:50,518
You hear that, baby?

1481
01:41:50,518 --> 01:41:51,358
You hear that?

1482
01:41:52,378 --> 01:41:54,918
Let's make sure Bitcoin is the best money possible for them.

1483
01:41:55,778 --> 01:41:56,418
Let's do it.

1484
01:41:57,698 --> 01:41:58,258
All right.

1485
01:41:58,258 --> 01:42:00,778
that's all we got this week freaks peace and love

1486
01:42:00,778 --> 01:42:03,798
you're not gonna do it